healthcare-market

[healthcare-market]

Cell Culture Market : Technological Growth Map with an Impact-Analysis

Cell Culture Market: Introduction

According to the report, the global cell culture market was valued at US$ 10.5 Bn in 2020 and is projected to expand at a CAGR of 9% from 2021 to 2031. The global cell culture market is driven by development of new products, technological advancements, and increase in use of single-use bioprocessing systems during the forecast period. The cell culture market in Asia Pacific is anticipated to expand at the fastest CAGR during the forecast period due to high unmet clinical needs, improvements in the healthcare infrastructure, and increase in focus on research & development activities.

Rise in Demand and Approvals for Biosimilar Products & Other Biologic Therapeutics to Drive Market

Cell culture is one of the most important steps for the production of biosimilar antibodies, as cell culture helps increase efficiency & productivity and reduce the cost of manufacture. The increase in demand & approvals for biosimilars products and other biologic therapeutics for the treatment of chronic diseases in developed as well as developing countries has led to the demand for efficient and cost-effective products. This is expected to drive the global cell culture market during the forecast period.

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Moreover, rise in demand for cost-effective and highly efficient cell culture products such as bioreactors, media, reagents, and sera for the production of high-yield cell lines has led to a surge in the number of new product launches. This is likely to provide lucrative opportunities in the global cell culture market during the forecast period. Major manufactures strive to expand their product portfolio by launching new and advanced systems for large-scale production, which is cost-effective and has low risk of contamination.

For instance, in 2018, Merck launched capsule filters that are designed to decrease the risk of contamination in a bioreactor. These filters are used for the separation of mycoplasma and bacteria from cell culture media. However, ethical issues associated with the use of fetal bovine serum, stringent regulations, and high cost of infrastructure for cell culture are projected to hamper the growth of global cell culture market during the forecast period.

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Technological Advancements in Cell Culture Production Media & Instruments to Drive Demand for Protein-based Therapeutics

In terms of product, the global cell culture market has been classified into instruments, media, sera, and reagents. The instruments segment has been categorized into cell culture vessels (bioreactors), carbon dioxide incubators, biosafety cabinets, cryogenic tanks, and others. Technological advancements for improving the efficiency and reducing the risk of cross contamination are anticipated to propel the instruments segment during the forecast period.

The media segment has been split into chemically defined, classical media, protein free media, Lysogeny media, serum free media, and specialty media. The efficiency of different media used for cell culture production is expected to drive the media segment over the next few years.

The sera segment has been bifurcated into fetal bovine serum and others. Sera are used as cell culture supplements consisting of growth factors, nutrients, and other important trace elements. The reagents segment has been segregated into albumin, amino acid, attachment factors, growth factors & cytokines, protease inhibitor, thrombin, and others. Applications such as stem cell research have vast potential in future. Stem cell culture assists in standardization of drug production and enables production of a number of cell lines & related products.

Traditional pharmaceutical therapeutics help in treating only disease symptoms, whereas stem cell therapies assist in treating the cause of the disease. Hence, further research in the field of stem cell culture for development of drugs presents significant opportunities in the market in the near future.

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Increase in Usage of Cell Culture Products in Drug Development & Manufacturing to Propel Pharmaceutical Companies Segment

Based on end-user, the global cell culture market has been divided into biotechnology companies, pharmaceutical companies, academic institutes, and research institutes. The pharmaceutical companies segment dominated the global market in 2020, and the trend is anticipated to continue during the forecast period due to increase in usage of cell culture products in drug development and manufacturing. The biotechnology companies segment is expected to account for a significant market share by 2031. The growth of the segment can be attributed to increase in the number of biotechnology companies and rise in strategic collaborations among market players to expand global presence.

Asia Pacific to Dominate Global Market

In terms of region, the global cell culture market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for a major share of the global market during the forecast period, owing to the presence of key players, increase in research & development activities, and new drug approvals.

Shift in trend toward continuous processing is expected to drive the cell culture market in North America. The cell culture market in Asia Pacific is at a pivotal point. Increase in focus of key players on expansion in the region, large untapped population, and rise in awareness about healthcare augment the cell culture market in Asia Pacific. For instance, Thermo Fisher expanded its Fisher BioServices and cryogenic service capabilities in Japan.

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Thermo Fisher Scientific and Merck KGaA to Lead Global Market

Key players covered in this report are Sartorius AG, Thermo Fisher Scientific, Inc., Eppendorf AG, GE Healthcare, Corning Incorporated, Becton, Dickinson and Company, Merck KGaA, Lonza, VWR International, LLC, and PromoCell GmbH. Companies operating in the global cell culture market focus on strategic collaborations for developing new products in the emerging markets such as Asia Pacific and Latin America.

For instance, in May 2017, Merck announced the launch of EX-CELL Advanced HD perfusion medium, which helps increase the production yield and streamline the regulatory compliances.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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[healthcare-market]

Latest TMR Report Explores Impact of COVID-19 Outbreak on Health Care Information Systems Market

Healthcare information technology provides data and security management solutions for healthcare information. Information technology or IT now comes with a greater influence on healthcare safety, quality, and costs. Electronic medical records, personal health records, and healthcare records are some of the most frequently utilized applications in the healthcare business. All of these technologies are likely to foster growth of the health care information systems market in the years to come.

The digitization of health-care records has resulted in a new paradigm of care that is considerably more informed, creative, and customized. Physicians can use digitized information to see warning signals in people who are on the verge of serious health problems, avoiding costly procedures and hospitalizations. By reducing medication error, increasing adherence to standards, and strengthening disease monitoring, health care information technology has demonstrated to boost the quality of care management. The global health care information systems market has grown significantly in the recent years, and there has been a noteworthy increase in use of these systems.

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Some prominent players that are operating in the global health care information systems market include names such as Medidata Solutions, Inc., Agfa-Gevaert N.V., Allscripts Health Care Solutions, Inc., Cerner Corporation, NextGen Healthcare Information Systems, LLC., and Epic Systems Corporation.

The global health care information systems market was worth around US$ 227,021.4 Mn in 2017 and is expected to grow at a rate of 9.6% CAGR over the forecast period, from 2018 to 2026. The global health care information systems market is anticipated to grow due to increased government efforts and increased use of health care IT solutions by health care providers.

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Advancement in Diagnostic Procedures to Propel Market in Asia Pacific Region

Because of increased adoption of health care information systems in both public as well as private hospitals, implementation of health care reforms, and technical developments, North America is likely to account for a large share of the global health care information systems market throughout the forecast period. Furthermore, government measures in these countries to promote the use of health care information systems are expected to boost the market in the future years. The advancements in diagnostic procedures, greater use of health care information systems in several government agencies, and increasing patient pool are all factors contributing to the market's expansion in Europe.

The Asia Pacific market is predicted to grow at a significant CAGR over the forecast period. Because of reasons such as the rising frequency of chronic illnesses, more government efforts, and improved health-care infrastructure, developing markets in Asia Pacific have enormous growth potential. Furthermore, the market is expected to be propelled in the future years by the advancements in diagnostic technologies, adoption of new and advanced technologies, and increased government collaboration with clinical laboratories and commercial companies.

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Integration of Healthcare Information Systems to Various Medical Applications Drive Demand

Increasing demand for high-quality healthcare, technical advancements in the healthcare industry, and increased government efforts and knowledge of EHR systems are all likely to foster growth of the global Health Care Information Systems Market in the near future.

The electronic health record (EHR) refers to a real-time, patient-centered record that provides information on a patient's availability to the concerned and authorized user promptly and securely. The patient's medical history, laboratory test results, and treatment plans are all contained in the EHRs. The system enhances the capacity to identify disease and minimize the likelihood of mistakes in the results, which improves the patient's treatment outcome.

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The industry has grown significantly in the recent years as a result of improvements in the health-care information systems. The integration of health care information systems to intelligent wearable technology, drug management, and electronic prescription to prevent lifestyle illnesses, and smart robotics to automate repetitive chores is projected to lower health care costs and expand the industry. The global health care information systems market is likely to be propelled by increased use of IT products and solutions in health care, as a result of government efforts, as well as the desire to reduce increasing health-care costs.

The information provided in the review has been extracted from a TMR report titled “Health Care Information Systems Market (Application - Hospital Information Systems, Pharmacy Information systems, Laboratory Information Systems, Revenue Cycle Management; Deployment Type -Web Based, On-premise, Cloud Based; Component - Software, Hardware, Services; End use - Hospitals, Diagnostics Centers, Academic and Research Institutions) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026”.

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[healthcare-market]

Wearable Medical Devices Market Research Report | Forecast Until 2026

Change is always constant across the medical and healthcare sector. The technological advancements in the healthcare sector have improved considerably over the years and are creating ripples. One of the greatest inventions in the healthcare sector is wearable medical devices. Self-health monitoring has become a crucial aspect in these tumultuous times of COVID-19. Hence, based on these aspects, the wearable medical devices market will observe a profitable growth trajectory across the assessment period of 2018-2026.

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Wearable medical devices are electronic devices that are worn by the consumers like a smartwatch. These wearables enable remote monitoring of vital health symptoms and health statistics. These devices keep the providers and healthcare professionals connected through providing data. Similar benefits associated with wearable medical devices will have a large impact on the growth of the wearable medical devices market.

With better predictions on disease management, risk management, and adherence to a healthier lifestyle, wearable medical devices not only ease the strain on the public health system but also provide expansive convenience and comfort to a large number of individuals. All these factors bode well for the growth of the wearable medical devices market.

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Transparency Market Research’s (TMR’s) research report on wearable medical devices market has every component that will assist the stakeholder in understanding the current scenario. The overall marketsurvey of wearable medical devicesby TMR suggests a good growth period.

According to the TMR experts, the market for wearable medical devices is prognosticated to expand at a healthy CAGR of 17.7 percent during the assessment period of 2018-2026. In the context of valuation, the wearable medical devices market will reach a valuation of US$ 29.6 bn by 2026, the end year of the forecast period and were valued at US$ 6.8 bn in 2017.

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Public Health Response to COVID-19 Pandemic Boosts Adoption of Wearable Medical Devices

The advent of the COVID-19 pandemic has changed the growth projections of the wearable medical devices market. The mutating nature of the virus and the increasing transmission rates have led to a great strain on the healthcare facilities. The visits to a clinician or physician have also become risky due to the vulnerability to the virus.

In these tough times, wearable medical devices are proving to be a boon for the wearable medical devices market. The increasing awareness about the importance of wearable medical devices to prevent COVID-19 will prove to be a growth accelerator. These devices collect health data from the user and it can be shared seamlessly with health practitioners to help them analyze and provide proper medication. These factors will bring immense growth prospects for the wearable medical devices market.

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Increase in Sports and Fitness Activities to Drive the Sales of Wearable Medical Devices

Sports and fitness activities have gained expansive prominence among a large chunk of the global populace during the COVID-19 pandemic. COVID-19 outbreak has prompted many individuals to increase their immunity levels. This can be achieved through regular fitness. For maintaining fitness, measuring the heart rate and other important aspects is necessary. Based on these factors, the players are focusing on developing wearable medical devices for sports and fitness.

A classic example of such wearable medical device is the MOOV HR Sweat Band. It is a sweatband integrated with wearable technology. It helps in measuring the pulse rate of an individual while s/he exercises. Such developments will sketch a goodgrowth structure for the wearable medical devices market and will increase the revenues extensively.

Top key players in the wearable medical devices market are Huawei Technologies Co., Ltd.,Fitbit, Inc.,Xiaomi Technology Co., Ltd,Polar Electro, and Activinsights Ltd.

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[healthcare-market]

Orthopedic Implants Market to Receive Overwhelming Hike in Revenues by 2026

According to a newly released TMR report, the orthopaedic implants market will offer much to smile about for investors during 2018-2026 period. The advent of new technologies like 3D printing has improved the implant treatment significantly. Earlier, acquisitions of new implants can take anywhere between 4-6 weeks. Additionally, conventional implants offered little room for customization, and personalization. This was essential for children due to the sensitive nature of their treatment. However, the advent of 3D printing, albeit a heavy investment, promises to provide a bone for growth with considerably reduced turnaround times, and more personalization opportunities.

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According to TMR experts, the market will likely grow at a notable 4.0% CAGR during the forecast period, due to new innovations, expansion of healthcare in emerging regions, and rising elderly population in the western world. Moreover, according to recent estimates, there are over 2 million patients visit the emergency department for injuries from head trauma. However, current manufacturing techniques has led to several product recalls, and inefficiencies harmful for these patients. The advent of 3D printing not only promises to resolve earlier issues, but also result in new opportunities such as organ transplantation

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Among regions, North America region will likely register highest revenues, thanks to increased push for innovation by the FDA, growing investments in research and development by major pharmaceuticals, and favourable winds for a more suitable reimbursement model. On the other hand, Asia Pacific is likely to register the fastest CAGR, thanks to expanding access to healthcare, and rising disposable income.

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Joint Replacement Products Continue to Spring Surprises with Robust Growth

Despite the growth of several product segments in the market including dental implants, trauma implants, orthobiologics, the joint replacement product segment remains most vital to growth. The joint replacement remains extremely positive in its outlook as demand for minimally invasive surgeries continue to rise. The growth of elderly population, and programs like MediCaid for medical aid, the segment continues to draw major growth. Among other product segments, dental implants are expected to witness major growth, again thanks to product innovations like new varieties of root canals, and more natural seeming tooth material. The growth of the orthobiological and spinal implants will also provide impetus for market growth during 2018-2028 period.

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Surge in Hip Replacement Procedures to Drive North America Region

Rise in illnesses such as osteoarthritis are expected to drive demand for orthopaedic implants in the North America region. The disease is the most common form of arthritis, and affects the largest single group, the rising elderly population in the region. According to Center for Disease Control and Prevention (CDC), nearly 22.7% of the adult population suffers from doctor-diagnoses arthritis. Moreover, the disease also affects women on average more as compared to men. As women generally experienced longer life spans than men, the cases of arthritis may be higher than expected. In 2014, over 400,000 hip and knee surgeries were conducted in United States. The hospitalization of these treatment resulted in over $7 bn in costs to the taxpayers. The high costs of hospitalization remains a challenge for growth. However, costs for new product replacements are likely to even out in the near future as market in Asia Pacific, Latin America, and Middle East & Africa promises more opportunities for growth.

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[healthcare-market]

Hepatitis Therapeutics Market Estimated to Record Highest CAGR by 2026

Transparency Market Research (TMR) has published a new report titled ‘Hepatitis Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global hepatitis therapeutics market was valued at US$ 22,049.2 Mn in 2017 and is projected to expand at a CAGR of 2.3% during forecast period from 2018 to 2026. The global market is anticipated to be driven by a rise in viraemic prevalence, promising pipeline of hepatitis drugs, and supportive government initiatives encouraging patients in the adoption of hepatitis drugs. The hepatitis therapeutics market in Asia Pacific is expected to expand at a high CAGR of 3.0%, due to a high incidence of hepatitis in emerging countries such as India and China and presence of local players providing a wide range of generic hepatitis drugs in the region.

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Increase in Prevalence of Viral Hepatitis Drives Market

Hepatitis is a significant public health concern across the globe. According to the World Health Organization (WHO), in 2015, approximately, 257 million people globally, or 3.5% of the population, were living with chronic hepatitis B infections. Rise in the consumption of alcohol, infections from contaminated blood sources, and increase in the number of autoimmune diseases are leading to a rise in the cases of inflammation of the liver. Viral hepatitis is an important source of morbidity and mortality globally. As per WHO estimates, viral hepatitis caused 1.34 million deaths in 2015, a number higher than the deaths caused by HIV. Additionally, mortality associated with viral hepatitis has increased by 22% since 2000, and the number is further expected to increase over the next few years. Hence, these factors are likely to boost demand for hepatitis therapeutics over the forecast period.

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Hepatitis C Segment Dominated the Market

In terms of disease type, the global hepatitis therapeutics market has been classified into hepatitis A, hepatitis B, hepatitis C, and others. The hepatitis C segment is projected to account for a leading share of the global market during the forecast period, owing to the high prevalence of hepatitis C in developing and developed regions and availability of effective drug regimens in the market. According to the World Health Organization (WHO), approximately 71 million people were infected with chronic hepatitis C in 2017. Hepatitis C increases the risk of liver cirrhosis and is the leading cause of liver transplant in North America and Europe. Development of advanced therapeutics by leading industry players for the effective management of disease is expected to pave the way for the hepatitis C segment over the coming years. The hepatitis B segment is projected to expand at a rapid pace over the forecast period, owing to a high mortality rate associated with hepatitis B.

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Multi-class Combination to be the Most Promising Segment to Invest in

Based on drug class, the global hepatitis therapeutics market has been segmented into NS5A inhibitors, nucleotide analog reverse transcriptase inhibitors, multi-class combination, nucleotide analog NS5B polymerase inhibitors, interferon & ribavirin, and others. The multi-class combination segment is projected to expand at a high CAGR during the forecast period, owing to an increase in viraemic prevalence worldwide. Industry players are focused on developing combinational therapy as it is highly effective and has fewer side-effects compared to a single regimen for the treatment of hepatitis C. Mavyret and Epclusa are some of the combinational therapeutics recently approved by the U.S. FDA.

Asia Pacific Market to Witness Strong Growth and Create High Incremental Opportunity

In terms of region, the global hepatitis therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for a leading share of the global market during the forecast period, owing to high awareness and access to advanced hepatitis therapeutics and high affordability of patients in the region. The hepatitis therapeutics market in Europe is expected to expand at a substantial rate between 2018 and 2026. The market in Asia Pacific is likely to expand at a rapid pace in the next few years. This is attributed to a growing patient population, increasing penetration of global manufacturers, and rising government initiatives to promote disease awareness in the region. The hepatitis therapeutics market in Latin America and Middle East & Africa is anticipated to expand at a steady pace from 2018 to 2026.

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Growth Strategies by Key Market Players

Key players profiled in this report are Merck & Co., Inc., Gilead Sciences, Inc., AbbVie Inc., Bristol Myers Squibb, F. Hoffmann-La Roche, Ltd., LAURUS Labs, Zydus Cadila, Hetero Healthcare Limited, NATCO Pharma Limited, and Cipla, Inc. Companies operating in the global hepatitis therapeutics market focus on R&D to develop innovative drugs used for the effective treatment of hepatitis. Market players also resort to strategic collaborations and license agreements with domestic players to expand their market foothold in developing countries.

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[healthcare-market]

Medical Dynamometer Market to Record an Exponential CAGR by 2028

Transparency Market Research (TMR) has published a new report titled, “Medical Dynamometer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2028.” According to the new report, the medical dynamometer market was valued at US$ 522.3 Mn in 2017 and is projected to expand at a CAGR of 7.4% from 2018 to 2026. Increase in sports activity and rise in number of accidents that lead to bone fractures are anticipated to propel the global market between 2018 and 2026. North America and Europe are expected to dominate the global market, owing to an increase in demand for novel technologies. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The medical dynamometer market in Latin America is likely to grow at a moderate pace during the forecast period. Key factors contributing to the growth of the market in Brazil are rapid improvement in health care infrastructure and increase in purchasing power of people. Additionally, health care companies strive to cut hospitalization costs, while offering better services to patients in the country.

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Increase in Sports Injuries to Fuel Market

Rise in health awareness, increase in the geriatric population, and surge in importance of adventure sports among youngsters have led to high incidence of sports injuries across the world. According to the Centers for Disease Control and Prevention, high school athletes alone account for 2 million injuries, 50,000 doctor visits, and 30,000 hospitalizations in the U.S. each year. High rate of youth sports injuries is fueled by an increase in overuse of the joints and repeated small trauma injuries. Additionally, the baby boomer population in the U.S. is able to exercise under medical supervision. This demography has, therefore, been reported to undergo surgeries such as hip and knee replacements and surgery for cartilage damage. Common sports-related injuries include ankle sprain, plantar fasciitis, shoulder sprains & strains, rotator cuff tears, and knee injuries. Therefore, increase in sports-related injuries has created high demand for knee cartilage repair procedures.

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Rise in Prevalence of Bone Injuries to Drive Market

Medical dynamometer is an alternative to physiotherapy treatment for those suffering from various joint, muscle, and tendon disorders. These devices are efficient in rapid pain management and mobility restoration. Hence, these are used to speed up the recovery process and cure various indications which lead to acute or chronic pain. According to the International Osteoporosis Foundation, 2017, osteoporosis causes more than 8.9 million fractures across the world each year, with an osteoporotic fracture every 3 seconds. By 2050, the global incidence of hip fracture in men is projected to increase by 310% and 240% in women, as compared to the rates in 1990. According to the World Health Organization, 45% of road traffic fatalities in low-income countries occurs among pedestrians, while it is estimated at 29% in middle-income and 18% in high-income countries among pedestrians.

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Hand Dynamometer Segment to Dominate the Market

Hand dynamometer was a prominent segment of the market in 2017. The segment is projected to expand at a high CAGR during the forecast period. Rise in sports injuries and increase in number of fractures of hands and wrists are anticipated to propel the segment in the near future.

Orthopedic Segment to Lead Market

The orthopedic segment is projected to dominate the global market during the forecast period, accounting for the largest share by 2026. The segment is anticipated to expand at a high CAGR between 2018 and 2026.

Asia Pacific offers Significant Opportunities

Asia Pacific accounted for significant share of the global medical dynamometer market in 2017. The region is likely to gain market share by 2026. High adoption of hand dynamometer and government initiatives to promote innovative devices contributed to Asia Pacific’s high share of the global dynamometer market. Asia Pacific is projected to be an attractive market for dynamometer market during the forecast period. The market in Asia Pacific is likely expand at a high CAGR during the forecast period due to large number of trauma injuries. China accounted for the largest share of the market in the region in terms of revenue in 2017. The market in Latin America and Middle East & Africa is anticipated to expand at a moderate growth rate during the forecast period.

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Rise in Osteoporosis Diseases among Geriatric Population

According to the International Conference on Spine and Spinal Disorders (2016), osteoporosis disease has become quite common among the geriatric population. Approximately 1.5 million people globally suffer from osteoporosis fracture every year and an estimated 700,000 experience spinal fracture.

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[healthcare-market]

Preterm Birth and PROM Testing Market is Expected to Expand at an Impressive Rate by 2026

Transparency Market Research (TMR) has published a new report titled, “Preterm Birth and PROM Testing - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the preterm birth and PROM testing market was valued at US$ 150.5 Mn in 2017 and is anticipated expand at a CAGR of 8.0% from 2018 to 2026. Increase in number of preterm births, growth of the medical diagnostics industry in emerging economies in regions such as Asia Pacific, and adoption of latest technologies and techniques to access or diagnose preterm births are projected to augment the global market between 2018 and 2026.

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Increase in Preterm Births to Propel Market

Sedentary lifestyle along with several other factors has led to increase in preterm births, which has become a major concern in the past few years. According to the World Health Organization (WHO), nearly 15 million babies are born early every year i.e., around 1 in every 10 babies is preterm. Moreover, complications due to premature births result in fatal outcomes in approximately 1 million cases. One of the major causes of such complications is premature rupture of membranes (PROM), which accounts for roughly 30% of all preterm births. The global preterm birth and PROM testing market is expected to be driven by increase in incidence of such complications during the forecast period.

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Rise in Demand for Point-of-Care Testing Devices to Present Significant Opportunities

Increase in demand for effective and early diagnosis and reduction in false positive tests for diagnosis of premature births and PROM drive adoption of point-of-care testing devices. Moreover, high adoption of these devices can be attributed to reduced risk of misdiagnosis, ease of usage, and high sensitivity. Point-of-care testing devices have also assisted in reducing the chances of complications due to preterm births by enabling diagnosis at early stages and allowing health care providers to offer immediate care to mother and fetus at early stages of pregnancy.

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Lack of Awareness about Preterm Births to Restrain Market

Lack of awareness about preterm births and PROM could lead to longer hospital stays and preventable expenditure from the perspective of patients. Additionally, lack of awareness about availability of latest technologies available for diagnosis of premature births, resulting in delayed diagnosis and treatment is one of the major factors hampering the growth of the market.

Asia Pacific Market to Grow at a Rapid Pace

In terms of revenue, the preterm birth and PROM testing market in Asia Pacific is projected to expand at a high CAGR during the forecast period. Increase in awareness about the availability of point-of-care testing devices and rise in technology penetration are expected to boost the demand for these diagnostic techniques. Furthermore, surge in awareness about women’s health and increase in expenditure on health care in the region are anticipated to present lucrative opportunities in the market in the next few years.

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Collaborative Efforts by Key Players to Boost Market

The report also provides profiles of leading players operating in the global preterm and PROM testing market. These include NX Prenatal, Inc., IQ Products, QIAGEN, Hologic, Inc., The Cooper Companies, Inc., Medix Biochemica, Abbott Laboratories, Clinical Innovations, LLC, Sera Prognostics, Inc., and Biosynex. Launch of new products, focus on developing technologically advanced products, and increase in mergers & acquisitions, expansion, and strategic collaborations with companies and government organizations are expected to drive the global market during the forecast period. In October 2018, Sera Prognostics entered into collaboration with Laboratory Corporation of America Holdings (LabCorp), a life sciences company, to be the exclusive U.S. distributor of Sera’s PreTRM test. In the same month, NX Prenatal, Inc. entered into a collaboration with the Indiana University School of Medicine to validate its early pregnancy biomarker panels predicting spontaneous preterm birth (SPTB) and to develop its biomarker panels for preeclampsia (PE).

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Lyophilized Injectable Market The popularity of lyophilized injectable drugs is increasing owing to their ability to remain stable at ambient temperatures. At the same time, they can be used following a simple rehydration process. As a result, this technique allows for avoiding various pipetting errors and helps in achieving streamlined and simplified workflows.

Bronchitis Treatment Market The presence of a substantial number of aged tobacco smokers Asia Pacific and the growing awareness about the risk factors of COPD have fueled extensive R&D for novel therapeutics in the regional market. Worldwide also, there is a high demand for pharmacological treatments to reduce the growing burden of chronic and acute bronchitis. Geographically, North America and Europe have been prominently lucrative markets for several years.

Conserving Devices Market While nasal cannulae for supplementary supply of oxygen is reliable and effective, it is very wasteful. To address this, oxygen conserving methodologies have emerged to improve the efficiency of oxygen delivery for patients requiring oxygen therapy. This is because oxygen conserving devices enable a high degree of portability, improve the efficiency of oxygen delivery, and lighten the load for these patients.

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[healthcare-market]

Joint Replacement Devices Market is Set to Grow According to Latest Research

Transparency Market Research (TMR) has published a new report titled, “Joint Replacement Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the joint replacement devices market was valued at US$ 18,518.2 Mn in 2017 and is anticipated expand at a CAGR of 4.4% from 2018 to 2026. High prevalence of osteoarthritis, growth in the medical devices industry in emerging economies in regions such as Asia Pacific, and launch of technological advanced products such as customized knee implants are projected to augment the global market between 2018 and 2026.

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High Prevalence of Osteoarthritis to Propel Market

Osteoarthritis is a common disorder that affects the adult and geriatric population across the globe. This condition can be treated through joint replacement surgeries using orthopedic knee and hip implants. According to the Arthritis Foundation, 14 million individuals in the U.S. had symptomatic knee osteoarthritis in 2016. According to the World Health Organization (WHO), 130 million people are likely to suffer from osteoarthritis worldwide, out of which 40 million people are projected to be severely disabled by the disease by 2050.

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Rapidly Growth in Medical Devices Industry to Create Opportunities in Market

Demand for medical devices used for surgical procedures and diagnosis of diseases is high. Increase in the number of market players launching new products for orthopedic surgeries, surge in hip and knee replacement procedures, and rise in emphasis on cost-effective health care boost the demand of orthopedic implants. Use of robotics and artificial intelligence in the health care setting has improved health care delivery and increased the demand for medical devices. Key players operating in the orthopedic industry are extensively engaged in research & development activities to develop new and upgrade existing devices for better application in joint replacement surgeries. This, in turn, is propelling the joint replacement devices market. 

Products Recalls by Regulatory Authorities to Restrain Market

Regulatory authorities such as the Food and Drug Administration (FDA) have recalled a number of hip and knee implants in the last few years. Defective products pose a threat to the patients and thus, render the surgery to be unsuccessful. Hence, product recalls are expected to restrain the market during the forecast period. 

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Market in Asia Pacific to Expand Considerably

In terms of revenue, the joint replacement devices market in Asia Pacific is projected to expand at a CAGR of 4.4% during the forecast period. Increase in awareness about the availability of orthopedic implants and rise in patient population in the region are expected to boost the demand for joint replacement devices. Furthermore, initiatives by governments to control the prices of joint replacement implants in the region is anticipated to create lucrative opportunities in the market in the next few years.

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Collaborative Efforts by Key Players to Boost Market

The report also provides profiles of leading players operating in the global joint replacement devices market. These include Aesculap Implant Systems, Arthrex, Inc., ConforMIS, DePuy Synthes (a Johnson & Johnson Company), DJO Global, Exactech, Inc., Medtronic, Smith & Nephew, Stryker, and Zimmer Biomet. New product launches, focus on developing technologically advanced products, and increase in mergers & acquisitions and strategic collaborations with companies and government organizations are expected to drive the global market during the forecast period. In July 2016, Zimmer Biomet entered into a collaborative agreement with Indo UK Institutes of Health (IUIH) to improve the health care infrastructure in India by establishing Zimmer Biomet Institute of India.

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[healthcare-market]

Medical Holography Market Analysis and Outlook Report

The global medical holography market features an extremely competitive market landscape with numerous market players focusing on the development of new products, reports Transparency Market Research. Key companies operating in the market comprise RealView Imaging Ltd., Lyncée Tec SA, Integraf LLC, EchoPixel, Inc., HoloTech Switzerland AG, Holoxica Ltd., EON Reality Inc., and Koninklijke Philips N.V. These companies are focusing on strategic mergers and acquisitions and enhancing their production capacities to meet the growing demand. The intense competition between these players is mainly driven by new innovations in the medical holography market. 

As per TMR analysts, the global medical holography market is expected to usher at an astounding CAGR of 30% during the forecast period which is 2018 to 2026. Growing at this pace, the market is expected to rise from its initial value of US$ 240.0 Mn to reach the mark of US$ 3500.0 Mn by 2026. 

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On the basis of product, the global medical holography market is segmented into holography microscope, holographic display, holography software, and holographic prints. Out of these, the holographic display segment is expected to hold dominance over the market owing to recent innovations in holographic display and wide use in displaying holographic images. 

On the geographical front, the global medical holography market is divided into Europe, North America, Latin America, Asia Pacific, and Middle east and Africa. Of these, Europe and North America have emerged as leaders in the market owing to the presence of large patient base and high incidence of chronic diseases. 

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High Demand from Academic Centers to Boost Growth 

The medical holography technique is booming incessantly in the light of recent technological developments. It finds extensive usage in academic centers to get a better understanding of the anatomy of diseases. Moreover, there is a high demand for holography imaging from healthcare and research industries. These factors have impacted the global medical holography market positively, thus stimulating growth. 

Furthermore, factors such as rise in the number of chronic diseases and growing geriatric population are perceived to cause a spur in the market’s growth. In addition to this, innovations in the design of imaging equipment such as introduction of 4D imaging techniques may present significant growth opportunities for the market’s growth. 

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Additionally, improvements in hologram recording techniques have strengthened the growth ground of the global medical holography market. Moreover, rise in the funding and investment for the development of new medical holographic products has propelled the market’s growth. 

However, along with the numerous drivers, there are a few restraints that may cause a downfall in the global medical holography market. Factors such as high initial investment and processing costs may cause an impediment in the market’s growth. Nonetheless, the benefits offered by medical holography technology over the conventional techniques may reduce the effects of the restraints. Moreover, focus on new product developments may create numerous growth opportunities for the market. 

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Advancements in Technology to Create New Avenues 

Microsoft has recently developed “Hololens 2”, a virtual reality technology featuring holograms. It offers an excellent mixed reality experience with the scalability of cloud and AI services. With the help of Hololens 2 you can see the intricate details of a 3D image with a high resolution. Moreover, it offers excellent ease of use with its dial-in fit system. Such technological developments have presented lucrative growth opportunities for the global medical holography market.

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[healthcare-market]

Xerostomia Treatment Market Status and Forecast, by Players, Types and Applications

Global Xerostomia Treatment Market: Introduction

·         Xerostomia is a condition resulting in dry mouth caused by the minimal amount or absence of saliva in the mouth. Xerostomia is not contemplated to be a disease, but is considered a symptom. Xerostomia can be caused due to radiation of the head or the neck, or as a side-effect of medications. Apart from the underlying disease as a cause, other causes for this condition exist. These include insufficient consumption of fluids, sleeping with open mouth, and weather conditions. Decreasing function of the salivary gland may or may not be the reason for development of xerostomia. This condition is most common in elderly people, due to high consumption of medications by them. It affects around 20% of the elderly people worldwide.

·         Xerostomia involves difficulty in eating, speaking, swallowing, and in wearing dentures. A dew patient suffering from this condition also experience dysgeusia, glossodynia, and other dental complications. In order to determine the function of the salivary gland, several diagnostic and imaging tests such as sialometry, salivary flow measurement, and sialography are recommended. If the salivary flow rate is less than 0.1 Ml/minute, the condition is considered xerostomia.

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Key Drivers and Restraints of Global Xerostomia Treatment Market

·         Increase in the incidence of Sjogren’s syndrome and rising consumption of medications are major factors driving the global xerostomia treatment market. Moreover, growing geriatric population across the globe, increasing prevalence of chronic diseases, and rising awareness about the diagnosis of xerostomia are projected to propel the global market during the forecast period. Increase in the prevalence of diseases such as cancer, HIV, and Sjogren’s syndrome drives the demand for radiation and chemotherapy. Xerostomia is a side effect of these treatments. Chemotherapy makes saliva thicker, which results in dry mouth. However, it affects for a short period of 2–8 weeks.

·         There exist certain challenges in the diagnosis of xerostomia, especially in developing counties. Moreover, ineffective treatment of xerostomia coupled with less attention toward symptoms by patients are a few other factors likely to restrain the global xerostomia treatment market in the next few years.

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·         As per the American Dental Association, the rate of prevalence of xerostomia in general population ranges from 0.9% to 64.8%, although the accuracy is compromised due to limited data. Severance of dry mouth results in deterioration of the patient’s health and quality of life. It often causes oral discomfort. As per the Association, the prevalence of xerostomia is considered 100% in patients with Sjogren’s syndrome or patients who have undergone the radiation therapy for head and neck cancer. As per updated research by the American College of Rheumatology, in 2019, Sjogren’s syndrome affected around 400,000 to 3.1 million adults globally. It was mostly diagnosed in people aged between 45 and 55 years.

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North America to Lead Global Xerostomia Treatment Market

·         In terms of region, the global xerostomia treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America dominated the global market in 2018 and the trend is projected to continue during the forecast period. This is attributable to increase in the incidence of xerostomia led by rising prevalence of chronic diseases such as cancer, HIV, and Sjogren’s syndrome. Rising consumption of medications and growing geriatric population including aging baby boomers in the region are other factors driving the xerostomia treatment market in North America. Rise in awareness about causes and symptoms of xerostomia, surge in health care expenditure, increase in the rate of diagnosis of the syndrome, and availability of advanced health care facilities in the region are also anticipated to boost the xerostomia treatment market in North America in the near future.

·         Europe held the second-largest share of the global xerostomia treatment market in 2018. Growing prevalence of chronic diseases, increasing geriatric population, and rising awareness about xerostomia symptoms and its treatment are some of the factors fueling the market in the region. Asia Pacific is projected to be the most rapidly expanding market for xerostomia treatment during the forecast period, owing to increase in the diagnosis of xerostomia and rising geriatric population in the region.

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Key Manufacturers Operating in Global Xerostomia Treatment Market

The global xerostomia treatment market is consolidated, with only a small number of players offering treatments for xerostomia.

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[healthcare-market]

Digestive Health Supplements Market Size Estimated to Observe Significant Growth by 2024

Digestive Health Supplements Market: Introduction

·         Digestive system comprises the esophagus, stomach, and intestines - the major organs that help to digest food and provide necessary nutrition to the body

·         Good digestive health is important, as it affects one’s mind and body. Intake of proper foods with proteins, vitamins, and nutrients keeps the gut healthy and supplies energy to entire body.

·         Digestive health supplements include prebiotics, probiotics, and enzymes. Prebiotics help to digest food, provide vitamins to the body, and eliminate toxins. According to the National Institutes of Health (NIH), vitamins A, B, C, and D are quite important for digestion and one can increase their intake by following a balanced diet. Vitamin B is found in fish, poultry, meat, leafy greens & beans, and dairy products. It helps the formation of red blood cells (RBCs).

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Key Drivers and Restraints of Global Digestive Health Supplements Market

·         The global digestive health supplements market is primarily driven by increase in awareness about healthy diet & its effect on weight, surge in number of weight management programs, and rise in prevalence of digestive disorders

·         According to the National Center for Biotechnology Information, U.S. National Library of Medicine, gastroesophageal reflux disease (GERD) is a chronic and highly prevalent disorder, with age as one of the major risk factors. The prevalence of GERD is higher in women than men.

·         Furthermore, changing lifestyle, lack of physical activity, and increase in the number of health centers are factors likely to boost the growth of the global digestive health supplements market

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Probiotics Segment to Account for Major Share of Global Market

·         Based on product, the global digestive health supplements market can be classified into probiotics, prebiotics, digestive enzymes, and others

·         The probiotics segment is anticipated to dominate the global market during the forecast period due to increase in health concerns among adults, rise in demand for probiotics, and wide range of probiotics available in the market. Moreover, distribution & marketing efforts by manufacturers and increase in demand for probiotics for inflammatory bowel disease (IBD) and irritable bowel syndrome (IBS) boost the growth of the segment.

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OTC Segment to Capture Major Share of Global Market

·         Based on type, the global digestive health supplements market can be bifurcated into over-the-counter (OTC) and prescribed

·         The OTC segment is expected to gain market share by 2027 owing to easy availability of OTC digestive health supplements, increase in popularity of food supplements, and rise in number of customers buying digestive health supplements

E-commerce Segment to Offer Significant Opportunities

·         In terms of distribution channel, the global digestive health supplements market can be categorized into supermarkets/hypermarkets/food stores, drug stores & pharmacies, convenience stores, e-commerce, and others

·         Rise in awareness about buying digestive supplements through online stores, increase in customer preference, and high penetration of digestive supplements in medical foods are likely to fuel the growth of the e-commerce segment

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North America to Dominate Global Market

·         In terms of region, the global digestive health supplements market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global digestive health supplements market during the forecast period.

·         High demand for functional foods, increased participation of youth in body building, fitness, and sports; innovations in probiotic & prebiotic formulations, and rising emphasis on the role of digestive supplements on immunity and overall wellness are various factors likely to support the growth of the market in North America

Key Players Operating in Global Market

The global digestive health supplements market is highly fragmented, with a large number of domestic players accounting for majority of the market share.

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[healthcare-market]

Analysis of Potential Impact of COVID-19 on Blood Urea Nitrogen Diagnostics Market

Global Blood Urea Nitrogen Diagnostics Market: Overview

·         The kidneys play an important role of removing waste from the human body and breaking down the protein. Urea nitrogen is one of the waste products removed from the blood by the kidneys. Several diagnostic tests can be conducted to check the functioning of the kidneys. Blood urea nitrogen diagnostic test is one of the most common types of blood test conducted to obtain important information about how well the kidneys and the liver are functioning. The test helps measure and understand whether urea nitrogen levels are higher than the normal or they are under control.

·         The global blood urea nitrogen diagnostics market is projected to expand at a significant pace during the forecast period, owing to increase in the number of kidney diseases and the launch of new point-of-care tests for diagnosis of renal diseases

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Key Drivers of Global Blood Urea Nitrogen Diagnostics Market

·         Various scientific studies and publications suggest that kidney diseases are uncommon among people aged 45 years or below. Developments in the medical field have led to increase in the life expectancy of people, which implies that more number of people are exceeding the average age of 50 years. According to the United Nations, the number of people aged 60 years or above is likely to increase from 841 million in 2013 to over 2 billion by 2050. Changing demographics and rising geriatric population are shifting a substantial number of people to the higher illness category, which requires continuous medical intervention. Rise in the global geriatric population and changing lifestyle are the most common risk factors for the development of kidney diseases. The number of elderly people diagnosed with renal diseases is increasing drastically in developed as well as developing economies. This factor is expected to drive the global blood urea nitrogen diagnostics market in the near future.

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·         Moreover, recently i.e. in 2018, Siemens Healthineers received the FDA approval for its blood urea nitrogen point-of-care tests. Such advancements in the measurement of blood urea nitrogen are likely to drive the global blood urea nitrogen diagnostics market during the forecast period.

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Market Opportunities

·         Focusing on emerging markets presents an opportunity for major players operating in the global blood urea nitrogen diagnostics, as the number of patients with renal diseases is rising across the world. According to a survey conducted by the Economist Intelligence Unit Limited, countries in Asia Pacific such as India and China are focusing on improving primary health care facilities and the overall health care spending of these countries is estimated to increase at an average rate of 17% and 14% annually from 2015 to 2019.

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Asia Pacific to Hold a Major Share of Global Blood Urea Nitrogen Diagnostics Market

·         Asia Pacific is likely to dominate the global blood urea nitrogen diagnostics market in the next few years, due to rise in the prevalence of kidney diseases and the large number of elderly people suffering from kidney diseases in the region. According to a report published by the India Today magazine in March 2019, around 100,000 patients are diagnosed with end-stage kidney disease (ESKD) in India every year.

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[healthcare-market]

Drainage Catheters Market Size will Grow Profitably in the Near Future

Drainage Catheters Market: Introduction

·         Catheter is a flexible and thin tube made up of medical grade materials to serve variety of functions including access by surgical instruments, drainage, and administration of fluids or gases. It also performs a broad range of tasks. It is medical device that can be implanted in the body to perform a surgical procedure or treat diseases. 

·         Drainage catheter is usually used in the treatment and removal of fluid build-up throughout the human body. Drainage catheters are employed in the extraction of fluids from pneumothoraces, abscesses, urinomas, bilomas, cysts, and pseudocysts.

·         Drainage catheters can be placed in multiple locations in the body. Various types of drainage catheters include Jackson-Pratt type drain (post-surgical bulb), percutaneous drainage catheter (pigtail), T-tube (biliary drainage), thoracic catheters – chest tubes, Blake drain (capillary action), Penrose drain (simple open tube – superficial), nasogastric suction tubes, and sump drain.

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Key Drivers of Global Drainage Catheters Market

·         The global drainage catheters market is primarily driven by increase in prevalence and incidence of chronic diseases such as cancer and cardiovascular diseases. Incidence of cancer is rising rapidly in countries with unhealthy lifestyles. Increase in adoption of drainage catheters and technological advancement have led to a revolutionary trend in product development. This is expected to drive the demand for drainage catheters during the forecast period.

·         Decrease in the cost of minimally invasive products is encouraging new players to enter the market. Reimbursement options for treatments carried though a drainage catheter are available in most of the developed countries. This is expected to drive the global drainage catheters market during the forecast period.

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Chest Drainage Catheter Segment Expected to Account for Major Share of Global Market

·         Based on application, the global drainage catheters market can be divided into chest drainage catheter, external ventricular drainage catheter, and others

·         The chest drainage catheter segment is anticipated to dominate the market during the forecast period. The segment’s dominance can be ascribed to the large usage of drainage catheters in chest drainage applications in order to remove excess fluid deposition.

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Hospitals Segment to Offer Lucrative Opportunities

·         In terms of end-user, the global drainage catheters market can be classified into hospitals, specialty clinics, and ambulatory surgical centers

·         The hospitals segment is expected to account for major share of the global drainage catheters market by 2027, led by the large number of procedures performed in hospitals across the globe

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North America to Dominate Global Drainage Catheters Market

·         In terms of region, the global drainage catheters market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.

·         Rapid increase in demand for thoracic surgery and cardiac surgery procedures and high awareness among people are expected to drive the drainage catheters market in North America in the near future

·         Demand for drainage catheters has been rising significantly in France, the U.K., and Germany in Europe. Increase in demand for drainage catheters in countries such as Japan, India, and China is expected to boost the demand for drainage catheters in Asia Pacific.

·         Lack of availability of innovative chest drainage and affordability issues related to drainage catheters are likely to hamper the drainage catheters market in developing and underdeveloped countries in Latin America and Middle East & Africa

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[healthcare-market]

Absorbable Heart Stent Market Estimated to Record Highest CAGR by 2024

Absorbable Heart Stent Market: Introduction

·         As the global health care industry undergoes reforms to convert the current fee-for-service model to a fee-for-value model, reduction in patient complications and the number and duration of hospital stays is being focused on. Interventional cardiology, in particular, is at a pivotal point, with remarkable advancements taking place in the device technology, operator techniques, and clinical safety and efficacy. Significant advances have been made in the treatment of coronary artery disease (CAD), which has started the era of absorbable heart stents. Moreover, the advent of absorbable heart stents has considerably changed and revolutionized the landscape of interventional cardiology and made angioplasties more predictable.

·         Bio-resorbable stents degrade completely within 6 months or a year. This leaves the blood vessel naturally healed. These stents can help reduce chronic inflammation of the artery and avoid use of the long-term antiplatelet therapy. Increase in awareness about advantages of absorbable heart stents over bare metal stents, new product launches, and regulatory approvals are likely to drive the demand for fully absorbable heart stents in the near future. For instance, in April 2017, Reva Medical received the CE mark for its Fantom drug-eluting scaffolds.

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Key Drivers and Restraints of Global Absorbable Heart Stent Market

·         Cardiovascular diseases is a major health concern, whose prevalence is increasing rapidly. Changing lifestyle, increase in the prevalence of obesity, and addiction to alcohol are various risk factors for the development of heart diseases. As per the American Heart Association, in 2018, cardiovascular diseases (CVDs) caused nearly 836,546 deaths in the U.S. In other words, one in every three deaths in the country was caused by CVDs in 2018. Furthermore, nearly 2,300 people in the U.S. die of cardiovascular diseases every day and CVDs is the leading cause of deaths in the U.S., followed by stroke and heart failure.

·         The prevalence of cardiovascular diseases in Europe is also increasing. According to the European Heart Network AISBL, in 2015, more than 85 million people in Europe were living with cardiovascular diseases and nearly 49 million people in the European Union had cardiovascular diseases.

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·         Increase in geriatric population is another major driver of the global market for absorbable heart stents. Hypertension, obesity, diabetes, tobacco smoking, dyslipidemia, lack of physical inactivity, and family history are key risk factors for the development of cardiovascular diseases among geriatric population. According to the World Health Organization (WHO), the global geriatric population is expected to increase from 524 million in 2010 to 1.5 billion by 2050. This is anticipated to drive the demand for absorbable heart stents, thereby creating immense growth opportunities for players operating in the global absorbable heart stent market during the forecast period. As per the American Heart Association, 85.6 million adults in the U.S. have one or more types of CVDs, out of which 43.7 million adults are aged 60 years or above.

·         Changing demographics in developing economies, such as China, India, Brazil, and South Africa, are anticipated to provide significant growth opportunities to pharmaceutical companies. Increase in the number of cardiac procedures using stents has led to increase in the adoption of absorbable heart stents. The number of percutaneous coronary interventions (PCIs) has increased at a steady pace. According to the Fortis Escorts Heart Institute, in 2016, 495,000 PCIs were performed in India, with drug-eluting stents (DESs) accounting for 80% of the total i.e. 594,000 stents implanted. As per a study by the Chinese People's Political Consultative Conference (CPPCC), in 2015, 500,000 stents were implanted in China, nearly 100% of which were DESs.

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Coronary Diseases Segment to Dominate Global Market

·         In terms of application, the coronary diseases segment accounted for a major market share in 2018. The segment is projected to expand at a steady pace during the forecast period. The segment is likely to be driven by increase in the prevalence of coronary diseases and rise in the number of percutaneous coronary intervention (PCIs) worldwide.

·         According to the WHO’s Global Health Observatory, coronary diseases is the leading cause of death among diabetic patients. The prevalence of coronary diseases is increasing in highly populated countries across the globe. Countries with growing population, such as China, India, and Russia, have the largest number of deaths caused due to CVDs.

·         Moreover, reduction in prices of stents by regulatory authorities in countries such as India is providing local population with an access to new and advanced absorbable heart stents. This, in turn, offers significant opportunities to the absorbable heart stent market in Asia Pacific. Geographical expansion by China-based players in India and availability of reimbursement for coronary stents in Japan are likely to offer lucrative opportunities to the market in the region in the near future.

·         However, the number of deaths caused by cardiovascular diseases is lower in developed countries in spite of increasing prevalence of CVDs in these countries

Hospitals Segment to Lead Global Absorbable Heart Stent Market

The hospitals segment accounted for a prominent share of the global absorbable heart stent market in 2018

·         The segment is estimated to expand significantly during the forecast period, due to increase in the number of cardiovascular procedures, availability of well-equipped health care facilities for cardiac diseases, and continuous demand for cost-effective coronary interventions

·         However, the hospitals segment is likely to lose market share by 2027, due to shift of percutaneous coronary interventions (PCIs) from inpatient settings to ambulatory care centers

·         As per the Physician/Supplier Procedure Summary 2013–2014, the number of percutaneous coronary interventions (PCIs) in inpatient settings decreased by 45% i.e. from 159,710 in 2013 to 81,839 in 2014

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The ambulatory surgical centers segment is expected to witness significant growth during the forecast period

·         As per a report of the Physician/Supplier Procedure Summary, in 2014, Medicare paid physicians higher for invasive cardiology procedures conducted in outpatient settings than inpatient ones

·         In 2014, payments made to physicians for invasive cardiology procedures in outpatient settings were valued at US$ 539.3 Mn, while those in inpatient settings were valued at US$ 508.4 Mn

Key Manufacturers Operating in Global Market

The global absorbable heart stent market is moderately fragmented, with market players focusing on strategic partnerships, collaborations, mergers, acquisitions, and new product launches.

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[healthcare-market]

Casting Tape Market Growth to be Benefited by Technological Advancements

Casting tape is a biomedical textile used for long-term pressure on fractured bones and ligaments. Casting tape is used to make splints, which restrict bone movement while the injury recovers. It is a multi-layered bandage used to prevent broken or injured bones from moving so that they can heal correctly. It supports the muscles of injured limbs and reduces the pain and swelling. Casting tape wraps a limb or other larger injured body part to stabilize it and hold them in normal anatomical structure or in an appropriate position until the bone has healed. Bone deformity can arise due to failure in treating a fracture properly, with a number of other complications. A cast is wrapped around the broken area and is removed by the doctor within 4 to 10 weeks when the bone is healed, depending on the age of the patient, type of injury, or healing time required. Casting tapes are now available in a range of different colours.

Despite having a capacity of healing themselves, delayed union or a nonunion occurs when a broken bone does not heal. Rise in incidence rates of fractures, diabetic foot ulcers, sports injuries, and affordability of casting tapes are the major factors expected to drive the global casting tape market during the forecast period. However, limitations such as skin irritation and no water-resistance feature of certain types of cast tapes are likely to restrain the global casting tape market during the forecast period.

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The global casting tape market can be segmented based on length, material, application, usage type, region, product type, and end-user. Based on length, the global casting tape market can be divided into 1 yard, 2 yard, 3 yard, 4 yard, and 5 yard tapes. In terms of material, the global casting tape market can be classified into plaster, fiberglass, and others. Based on application, the global casting tape market can be categorized into general orthopedics, sports medicine, diabetic foot, and paediatrics orthopedics. In terms of end-user, the global casting tape market can be divided into hospitals, long-term care centers, clinics, skilled nursing facilities, ambulatory surgical centers, home-use, and other end-user settings. Based on usage type, the global casting tape market can be classified into human use and veterinary use. In terms of product type, short arm cast, long arm cast, arm cylinder cast, shoulder spica cast, minerva cast, short leg cast, and leg cast cylinder are the various segments. Overall opportunity in the global casting tape market is the development of a cast that is able to monitor the recovery through fitted EMG sensors.

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In terms of region, the global casting tape market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America, Europe, and Asia Pacific are projected to account for more than 75% share of the global market during the forecast period owing to maximum usage of casting tape, presence of local and global manufacturers with prominent product offerings in casting tape, rise in awareness regarding orthopaedic injuries, increase in need to reduce the economic burden of wounds and injuries, and strong brand value of existing major market players with established distribution networks in these regions. The casting tape market in Asia Pacific, Latin America, and Middle East & Africa is likely to expand at a rapid CAGR during the forecast period. Some of the major reasons for the high growth rate of the market in these regions are huge population base, increase in demand for affordable care, and surge in preference of physicians for casing tape for quicker treatment process.

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Strong emergence of local manufacturers offering products at low average selling prices has boosted improved local buying among customers. The global casting tape market is fragmented with numerous local players. Prominent players operating in the global casting tape market are 3M, Parker Medical Associates LLC, Össur Americas, BSN medical, Dynamic Techno Medicals, CNF Medical, Jiangsu Senolo Medical Technology Co., Ltd., and Lohmann & Rauscher (L&R), among others.

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This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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[healthcare-market]

Adrenal Cortical Carcinoma Diagnosis and Treatment Market to Witness Comprehensive Growth by 2025

Adrenal cortex is the outer layer of the gland involved in production of lifesaving hormones such as mineralocorticoids and glucocorticoids (aldosterone and cortisol) required for metabolism and stress management. Adrenal glands are located on the top of the kidneys. Adrenal cortical carcinoma is the cancer of adrenal cortex. There are two types of tumor associated with adrenal cortex, such as functioning tumor and non-functioning tumor. Functioning tumor is responsible for increase in the production of adrenal hormones, whereas, non-functioning tumor does not affect hormonal production. Adrenal cortical carcinoma is generally a secondary type of cancer. It occurs when another form of cancer spreads into the adrenal glands.

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Increasing incidence of adrenal cortical carcinoma due to spread of other form of cancer, advancement in imaging technologies to identify adrenal cortical tumors specifically, growing healthcare expenditure, and rising number of cancer treatment centers across the world are some of the dominating factors expected to fuel the growth of the global adrenal cortical carcinoma diagnosis and treatment market during the forecast period. For instance, according to the Journal of Clinical Endocrinology & Metabolism, adrenal cortical carcinoma is a rare and highly aggressive malignancy. The incidence rate for adrenal cortical carcinoma is 0.7–2.0 cases per million people. The disease is more common in women. It is generally diagnosed in the age group of 40 and 50 years. However, high incidence of adrenal cortical carcinoma is recorded among children in Brazil due to the high prevalence of a specific TP53 germline mutation in them.

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The global adrenal cortical carcinoma diagnosis and treatment market can be segmented based on type of test, type of therapy, end-user, and region. In terms of type of test used for the diagnosis of adrenal cortical carcinoma, the market can be divided into magnetic resonance imaging (MRI), computed tomography (CT) scan, positron emission tomography (PET) scan, and biopsy. In terms of type of therapy, the adrenal cortical carcinoma diagnosis and treatment market can be categorized into surgery, chemotherapy, other drug therapy, radiation therapy, and biologic therapy. The surgery therapy segment can be further categorized into laparoscopic surgeries and open surgeries. The chemotherapy segment can be classified based on the type of drug used for the treatment into mitotane and the combination therapy of cisplatin, doxorubicin (adriamycin), and etoposide (VP-16) plus mitotane. The other drug therapy segment involves treatment of hormonal effects caused by the tumor. Drugs included in this type of therapy are spironolactone, mifepristone, tamoxifen, toremifene, etc.  The radiation therapy segment can be bifurcated into external beam radiation therapy and brachytherapy. In terms of end-user, the adrenal cortical carcinoma diagnosis and treatment market can be segmented into hospitals, specialty cancer clinics, diagnostic centers, and others.

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Based on geography, the global adrenal cortical carcinoma diagnosis and treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the adrenal cortical carcinoma diagnosis and treatment market owing to high per capita disposable income and increasing incidence of the adrenal cortical carcinoma in the region. For instance, according to the American Cancer Society, adrenal tumors (most of which are benign adenomas) are found in 1 in every 10 people who undergo tests such as CT scan or MRI of the adrenal gland. Europe is expected to be the second leading market for semen analysis due to high awareness about early diagnosis and treatment of the disease, favorable reimbursement facilities, and increasing healthcare expenditure in the region. Asia Pacific can be considered as an emerging market for the diagnosis and treatment of adrenal cortical carcinoma.

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Key players operating in the global adrenal cortical carcinoma diagnosis and treatment market include HRA Pharma, ER Squibb & Sons LLC, Bristol-Myers Squibb Company, GE healthcare, WG Critical Care, LLC, David Bull Laboratories (Pty) Ltd., Mylan Pharmaceuticals, Fresenius Kabi, Pfizer, SINOVISION Technologies(Beijing) Co., Ltd., Hitachi Medical Systems, NeuroLogica Corp., and Digirad Corporation.

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[healthcare-market]

Blood Glucose Test Strips Market to Reap Excessive Revenues by 2026

The global blood glucose test strips market displays fierce competition among the prominant players. This is due to prominent players adopting several organic and in-organic growth strategies to expand their market share, states a report by Transparency Market Research (TMR). Some of the key players in the global blood glucose test strips market are Abbott Laboratories, AgaMatrix, Inc. F. Hoffmann-La Roche Ltd., Trividia Health, and B. Braun Holding GmbH & Co. KG.

As per the recent TMR report, global blood glucose test strips market is expected to reach US$9.7 Bn by 2026. The market was valued at US$8 Bn in 2017. During the forecast period from 2018 to 2026, the global blood glucose test strips market is predicted to expand at a CAGR of 2.0%.

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Geographically, the global blood glucose test strips market is segmented into Asia Pacific, Europe, North America, South America, and the Middle East and Africa. Among all these regions, Asia Pacific, on the other hand, holds maximum potential for global blood glucose test strips market in near future. This is due to the increased incidence of type1 diabetes, improving economy, and favorable reimbursement support from the government in the region. Based on technology, the wicking technology segment is expected to dominate the market in upcoming years. Increasing usage of the technology to achieve accurate results is the key factor propelling growth.  

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Increasing Prevalence of Diabetes Worldwide Propels Growth

Diabetes patients largely contribute to sales of the blood glucose test strips. The high prevalence of diabetes across the world is one factor aiding growth in the global blood glucose test strips market. Change in eating habits, malnutrition, genetic mutation and so forth. Furhter, rise in awareness among the customer regarding self-care test strips for effective monitoring of blood sugar level boosts the demand for blood glucose test strips in the region. Technological advancement in health care industry is other factor which could augment growth of the global blood glucose test strips market. Regulatory bodies are helping manufacturers incorporate high end technology in their products. This is also driving the global blood glucose test strips market.

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High Cost of Test Strips, a restrain to Market

High price associated with the test strips is one of the key restraints of the global blood glucose test strips market. It increases the overall cost of treatment significantly as a diabetic patent require 4 to 5strips in day for effective monitoring of their blood glucose. Therefor most of the patients are turning towards the less expensive generic strips.  Despite it, the growing preference of the self-care testing among patients for effective monitoring of diabetes is a huge plus for the global blood glucose test strips market. The changing preference of the patients contributes to the growth of the market.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Blood Glucose Test Strips Market (Technology - Wicking Technology, Channel Technology; Distribution Channel - Retail Pharmacy, Hospital Pharmacy, Online Retailer) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026”

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