Healthcare Market Research Report By MRFR: September 2021

Thursday, September 30, 2021

Ophthalmic Equipment Market Global Size, Future Scope, Demands and Projected Industry Growths to 2027

The global Ophthalmic Equipment Market is segmented on the basis of product, application, and end-user.

On the basis of product, the market is segmented into vision care devices, ophthalmology surgical devices, diagnostic and monitoring devices, and others. Vision care devices a segmented into spectacles and contact lens. Contact lenses are further segmented into soft contact lenses, Rigid Gas Permeable lenses (RGP), and hybrid contact lenses. Ophthalmology surgical devices are segmented into cataract surgical devices, vitreoretinal surgical devices, refractive surgical devices, glaucoma surgical devices, ophthalmic microscopes, ophthalmic accessories, and others. Cataract surgical devices are further segmented into Intraocular Lenses (IOLS), Ophthalmic Viscoelastic Devices (OVDS), phacoemulsification devices, cataract surgical lasers, and others. The vitreoretinal surgical devices segment is further segmented into vitreoretinal packs, vitrectomy machines, photocoagulation lasers, illumination devices, vitrectomy probes, and others. The refractive surgical devices segment is further segmented into femtosecond lasers, excimer lasers, and others. Glaucoma surgical devices are further segmented into Glaucoma Drainage Devices (GDDS), and micro-invasive glaucoma surgical devices. Ophthalmic accessories are further segmented into surgical instruments and kits, ophthalmic forceps, ophthalmic spatulas, ophthalmic tips and handles, ophthalmic scissors, macular lenses, ophthalmic cannulas, and others. Diagnostic and monitoring devices are segmented into optical coherence tomography scanners, fundus cameras, perimeters/visual field analyzers, autorefractors and keratometers, ophthalmic ultrasound imaging systems, tonometers, slit lamps, phoropters, wavefront aberrometers, optical biometry systems, ophthalmoscopes, lensmeters, corneal topography systems, chart projectors, specular microscopes, retinoscopes, and others. Ophthalmic ultrasound imaging systems are further segmented into ophthalmic A-scan ultrasound, ophthalmic b-scan ultrasound, ophthalmic ultrasound biomicroscopes, and ophthalmic pachymeters.

On the basis of application, the market is segmented into glaucoma, amblyopia, cataract, retinal detachment, and others.

On the basis of end-user, the market is segmented into hospitals, ophthalmology clinics, diagnostic centers, research centers, and others.

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Regional Analysis

The Americas dominates the global ophthalmic equipment market owing to the increasing prevalence of ophthalmic diseases and presence of a well-developed healthcare sector within the region. Moreover, the increasing healthcare expenditure and presence of key players within the regional boundaries provide a favorable background for the market growth.

Europe is the second largest in the global ophthalmic equipment market. Factors such as the increasing availability of funds for research and a huge patient population followed by a well-developed healthcare sector drive the market within the region.

Asia Pacific is estimated to be the fastest growing market for ophthalmic equipment. This can be attributed to the presence of developing economies such as India and China and a huge patient population suffering from ophthalmic diseases. Moreover, the increasing healthcare expenditure and a rapidly developing healthcare sector boost the market growth within the region.

On the other hand, the Middle East and Africa has the least share in the global ophthalmic equipment market due to the low per capita healthcare expenditure and stringent government policies, especially within the African region. It is estimated that the Middle East holds a majority of the market within the Middle Eastern and African region.

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Key Players

Some of the key players in this market are Alcon (U.S.), Bausch Lomb (U.S.), Carl Zeiss Meditec (Germany), Johnson Johnson (U.S.), Essilor International S.A. (France), Haag-Streit (Switzerland), Nidek (Korea), Staar Surgical (U.S.), Topcon Corporation (Japan), Ziemer Ophthalmic Systems (Switzerland), Hoya Corporation (Japan), Ridex Corporation (U.S.), and others.

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pediatric healthcare Market for Middle East and Africa : Size, Share, Trends, Latest Innovations, Drivers and Industry Key Events 2018 – 2027

Market Overview

The pediatric healthcare Market for Middle East and Africa is slated to reach USD 63.6 billion by 2023 at CAGR of 4.1%.

Market Dynamics

Pediatric healthcare is a branch of medicine that deals with the medical treatment of babies, teenagers, and adolescents, as well as their growth and diseases. Since children have a weaker immune system, they are more susceptible to gastrointestinal, allergic, infectious, and other chronic diseases.

The demand for pediatric healthcare in the Middle East and Africa is rapidly expanding. Pediatric treatment is concerned with the well-being of children, babies, and teenagers. Pediatrics is concerned with the physical, emotional, and social well-being of children. Every year, an increase in the number of deaths due to various diseases, viral infections, and malnutrition contributes to the growth of the pediatric healthcare market in this country. The pediatric healthcare market is expanding due to an increase in diseases affecting infants and children. The growth of pediatric healthcare in the Middle East and Africa area is being driven by an increase in short-term and chronic diseases, as well as the development of healthcare infrastructure and facilities. The development of pediatric healthcare in the Middle East and Africa is being driven by technological advancements and government measures to develop the healthcare sector. Due to the growth of the healthcare system as well as the increasing importance of disease diagnosis and treatment in the Middle East, the market is projected to expand at the fastest pace. Furthermore, the government funding for the advancement of innovative therapies has an effect on the market’s growth. In Africa and the Middle East. Furthermore, the pediatric healthcare sector is fueled by increased government funding, as well as increased research activities in technological advancements.

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Segmental Analysis

Middle East and Africa Pediatric healthcare Market has been segmented on the basis of type of diseases which comprise Short term diseases, chronic diseases, and others. Diarrhea and an increase in injury-related cases are more common in children, so chronic illness is projected to account for the largest share of the pediatric healthcare market. Children’s lower immunity leads to an increased demand for chronic disease services.

On the basis of Therapeutics which comprise cardiology, allergy and immunology, gastroenterology, infectious disease, and others. Due to numerous changes in childcare patterns, increased emissions and reduced immunity, an increase in the number of hospitals and clinics dedicated to childcare, and an increase in demand for the sector, the allergy and immunology segment generated the most revenue. On the other hand, metabolic disorders such as obesity and diabetes, which are caused by a sedentary lifestyle caused by a lack of proper food and physical activity, as well as an increase in childhood hunger, are fueling the segment’s development.

On the basis of treatment it segmented into medication, surgery, and others.

Regional Analysis

In terms of the Middle East and Africa sector, the UAE is thought to be the main market for pediatric healthcare in the Middle East and Africa. Furthermore, the Saudi Arabian market is expanding and is the world’s second-largest market for pediatric healthcare. Over the forecast era, the introduction of new products for pediatric patients by key players, an increase in government initiatives to raise public awareness about pediatric therapies and disorders, and changes in healthcare infrastructure are expected to create a new opportunity for the pediatric healthcare industry.

The main market for paediatric healthcare is the United Arab Emirates. Due to an increase in health problems among infants and children in Africa, there is a huge demand for paediatric medical devices. In a number of underdeveloped African countries, there is a lot of room for paediatric medical devices and nutritional products to expand. A number of government organizations are assessing healthcare conditions in Africa, and healthcare companies are providing items such as healthcare camps for women and children.

During the forecasted era, the Egypt market, on the other hand, is expected to rise at a steady rate in the Middle East and Pediatric healthcare. The demand in the rest of the Middle East and Africa is expected to rise slowly but steadily.

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Competitive Analysis

There are many major players in the Pediatric Healthcare Market, which is moderately competitive. In terms of market share, the market is currently dominated by a few major players. Some major players are introducing new items, while others are disseminating them. Some of the key players in this market are: Novartis AG (Switzerland), AstraZeneca (UK), Janssen Global Services, LLC (Belgium), Eli Lilly and Company (US), Bristol-Myers Squibb Company (US), AMMT (Dubai), King Faisal Specialist Hospital and Research Centre (Saudi Arabia), VPS Healthcare (UAE).

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Corneal Surgery Market: Industry Trends and Developments 2019 – 2027

Global Corneal Surgery Market is expected to grow at a CAGR of 5.2% during forecasted period 2017-2023.

Corneal surgery devices are the devices used during the transplantation of cornea. Visual impairment can be caused due to genetic factors, diseases like diabetes and other infectious diseases and much more. According to WHO, 422 million people are suffering from diabetes globally and this number is increasing at the rate of 8.5%. According to American Academy of Ophthalmology, diabetes is responsible for causing visual complication in approximately 4.5 million Americans. An increasing number of surgical procedures and rising prevalence of diabetes and other diseases has promoted growth of the market. Increasing aging population, introduction on advanced devices for treatment and increasing healthcare expenditure has also contributed in the growth of the market. Moreover, continuous developments and high advancement in the corneal surgery devices, increasing incidence of diabetes, and increasing number of corneal surgeries has provided fuel for the growth of the market. Whereas, high cost of treatment and risk of infection due to devices has hampered the growth of the market. The risk of infection is very high since the cornea has no blood vessels and it derives its nutrients from the aqueous humor. Thus, prophylaxis treatment is an important part of the treatment even if there is no infection. Cornea rejection, occurs in about 20% of cases. Graft failure can also occur at any time after the cornea is transplanted, even years or decades later. These complications are the greatest barriers for the global corneal surgery market.

Segmentation: Global corneal surgery devices market is segmented on the basis of devices types, into diagnostic devices, corneal surgery devices, vision care. Diagnostic devices are further segmented into fundus cameras, keratometers, corneal topographer, ophthalmic ultrasound imaging systems and other. On the basis of transplantation type, market is segmented into deep anterior lamellar keratoplasty, penetrating keratoplasty, synthetic corneas and other. Synthetic corneas are further segmented into boston keratoprosthesis, alphacor, osteo-odonto-keratoprosthesis. On the basis of procedures, they are segmented into pre-operative examination, penetrating keratoplasty, lamellar keratoplasty On the basis of end users, they are segmented into ophthalmic clinics, hospitals and other.

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Regional Analysis

Geographically, Global corneal surgery devices market is dominated by America. America corneal surgery devices market is driven by the increasing number of corneal transplants and rising prevalence of diseases like diabetes and ophthalmic diseases. According to Eye Bank Association of America, more than 47,000 corneal transplants will be performed in the US alone in 2013. According to WHO, 82% of the people living with visual impairment are aged 50 and above. Many diseases are also responsible for causing ocular problems. According to American Academy of Ophthalmology, diabetes is responsible for causing visual complication in approximately 4.5 million Americans. America is segmented into two major regions; North America and South America. Major share for the market is acquired by North America due to well-developed medical sector, presence of huge aging population and high healthcare spending.

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The key players for the global corneal surgery devices market are Alcon Laboratories Inc. (Switzerland), KeraMED (Canada), Abbott Medical Optics Inc. (US), Bausch Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Haag-Streit AG (Switzerland), Ziemer Ophthalmic Systems AG (Switzerland), Topcon Corporation (Japan), Essilor International S.A. (France), Johnson Johnson Private Limited (US), Nidek Co. Ltd. (Japan), Cooper Vision (US)

Global corneal surgery devices market is a saturated market due to the presence of many major and local players. A number of different devices are available in the market and so key players are trying to focus on acquisition and strategic alliances with local companies to minimize the competition.

Alcon Laboratories Inc. is an American medical company specializing in eye care products and is a subsidiary of Novartis. Company is headquartered in Switzerland. Company manufacturers number of diagnostic devices. WaveLight, VERION, EX-PRESS and CENTURION are some of the major diagnostic machines manufactured by the company.

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Glucose Tolerance Test Market Size Overview, Opportunities, In-Depth Analysis and Forecasts 2027

Market Analysis

The global Glucose Tolerance Test Market is predicted to touch USD 46,815.0 million at a 10.4% CAGR between 2014- 2023, as per the recent analysis by Market Research Future (MRFR). A glucose tolerance test, simply put, is a test that helps to measure how well the cells in a body can engross sugar or glucose after the patient consumes a certain amount of sugar.

Various factors are propelling the global glucose tolerance test market growth. As per the latest MRFR report, such factors include changing lifestyle, urbanization, rising prevalence of diabetes across the world, increasing healthcare awareness, rising lifestyle associated diseases, increasing obese population, and growing aging population.

On the contrary, limited reimbursement, high diagnosis and treatment cost, and the availability of affordable alternative technologies are factors that may limit the global glucose tolerance test market growth over the forecast period. Besides, the grave impact of the ongoing COVID-19 outbreak is also impacting the market growth.
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Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global glucose tolerance test market report based on product, indication, and end user.

By product, the global glucose tolerance market is segmented into smart sensors, blood glucose testing kit, and others. The blood glucose testing kit is further segmented into test strips, meters, lancet, and others. Of these, the blood glucose testing kit segment will lead the market over the forecast period. Burgeoning demand for home care for diabetes, rising cases of diabetes, and easy accessibility and use are adding to the segment growth. It is predicted to touch USD 36,164.0 million by 2023.

By indication, the global glucose tolerance test market is segmented into reactive hypoglycaemia, insulin resistance, gestational diabetes, and diabetes. Of these, the diabetes segment will dominate the market over the forecast period. The rising cases of diabetes are adding to the growth of the segment.

By end users, the global glucose tolerance test market is segmented into home, hospitals, and diagnostic clinics. Of these, the diagnostics clinics will have a major share in the market over the forecast period.

Regional Analysis

Based on the region, the global glucose tolerance test market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific, the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. High healthcare expenditure, well-developed technology, and the rising cases of diabetes mellitus (DM) are adding to the global glucose tolerance test market growth in the region.

The global glucose tolerance test market in Europe is predicted to hold the second-largest share over the forecast period. The presence of a growing geriatric population, well-developed healthcare infrastructure, and increasing support from the government for RD are adding to the global glucose tolerance test market growth in the region.

The global glucose tolerance test market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of ample opportunities for the market development, coupled with the rapidly changing healthcare sector, is adding to the glucose tolerance test market growth in the region.

The global glucose tolerance test market in the MEA is predicted to have the smallest share over the forecast period for the slow poor developing countries, particularly in the African region.
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Key Players

Leading players profiled in the global glucose tolerance test report include Medtronic PLC, Sanofi, LifeScan, Inc., F. Hoffman-La Roche Ltd, Abbott Laboratories, Dexcom, Inc., and Panasonic. Industry players have incorporated several strategies to create a niche in the market and also cater to the consumers growing needs. These strategies comprise partnerships, collaborations, joint ventures, mergers and acquisitions, new product development and launches, extensive RD activities, contracts, geographic expansions, strategic alliances, and more.

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diabetes monitor market: Growth Factors Details for Business Development, Key Companies, Current Trends/Issues/Challenges and Forecast By 2027

Diabetes Monitors Market -Overview

The commonality of the diabetic condition is estimated to spur the need for products in the diabetes monitor market. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. By 2023, the market is estimated to witness an 8.3% CAGR.

The prominent companies in the market are making constant breakthroughs in product development, and this is estimated to stimulate the diabetes monitor market in the upcoming period. The serious side effects of diabetes necessitate constant monitoring, which is estimated to bolster the diabetes monitor market share in the forecast period.

Segmental Analysis

The segmentation of the diabetes monitor market is carried out on the basis of sample type, end-user, components, and region. The sample segment of the diabetes monitor market consists of sweat samples, urine samples, and blood samples. The component segment of the diabetes monitor market consists of glucose test strips, lancet, and sensors. The end-user segment of the diabetes monitor market consists of hospitals, diagnostic clinics, and homes. The type segment of the diabetes monitor market consists of continuous glucose monitors, point sample test-based glucose monitors, and enzyme-free sensor-based glucose monitors. The region segment of the diabetes monitor market consists of the Asia Pacific, Americas, Europe, and other crucial regions.

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Regional Overview

The regional review of the diabetes monitor market consists of the Asia Pacific, the Americas, Europe, and other crucial regions. The Americas regional market controls the global diabetes monitors market due to sophisticated technology, the patient population, excessive healthcare spending, and the region’s vital players’ presence. Owing to the diabetes high occurrence rate, companies, private organizations, and government associations aggressively advance diabetes care in the region. The European regional market holds the next place in the global diabetes monitors market. The European region is projected to be driven by the government unions’ support for research advancement, along with high-tech technology. The Asia Pacific region’s diabetes monitor market in the region is promptly increasing throughout the forecast period. A shared need for rapidly advancing technology, profitable glucose monitoring devices, and an enormous patient pool push the diabetes monitor market’s growth in the Asia Pacific region.

Competitive Analysis

The presence of online channels is predicted to enhance the market’s advancement in the upcoming years. The role of government bodies is estimated to be essential to the development of the market. The role of innovation is estimated to become even more critical for progress as the market grows. The foray of digitization-based methods into operation management and forecasting is predicted to transform the global market in the forecast duration. The tendency to invest and expand capacities is estimated to create a good scope for the market in the upcoming years. The overall support to rebuilding economic growth momentum is estimated to be increased than the past few years. The formation of solid trade relations among several regions is forecasted to have a beneficial effect on growth. The market is predicted to be driven by the effects of the COVID-19 pandemic by ensuring that businesses can counteract situations like these in the future. The upgrades in delivery strategies are anticipated to boost the market progress further shortly. The trends in the market are estimated to bolster the progress in the worldwide market.

The important contenders in the diabetes monitor market are Panasonic, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Abbott Laboratories, Medtronic, LifeScan, Inc., and Sanofi.

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Industry Updates:

June 2021 Dexcom, Inc., a frontrunner in real-time continuous glucose monitoring (CGM), declared that individuals with diabetes under the age of 18 residing in Saskatchewan may now obtain provincial handling for the Dexcom G6 CGM System through Saskatchewan Health. This coverage development is in line with Dexcom’s undertaking to make it simpler for people living with diabetes to feel the benefits of using a CGM system for managing their diabetes.

May 2021 Medtronic has been on an assignment to make diabetes management hassle-free. The newest push toward this objective arrives through two new European endorsements for Medtronic’s suite of diabetes management and monitoring devices. The first of these CE marks permits for prolonged functionality of the InPen, a linked insulin pen designed for users needing many daily injections. The “smart” Bluetooth-enabled pen, which has earlier been approved in both Europe and the U.S., is the first of its kind to fit in with continuous glucose monitoring technology, permitting users to instantaneously track glucose analyses and insulin dose data through the matching connected app.

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Artificial Kidney Market to Register Steady Growth During 2017 to 2027

Market Highlights

According to MRFR analysis, the Artificial Kidney Market is expected to register a CAGR of 95.54% during the forecast period of 2019 to 2025 and expected to reach USD 2,795.01 Million by 2025. The global artificial kidney market is expected to grow at a rapid pace. The increasing research and development for enhancement of the dialysis process, rise in cases of chronic kidney diseases, and low availability of kidney donors are some of the factors influencing the growth of the market. However, issues with the size of artificial kidney and engineering problems associated with the devices are expected to hamper the growth of the market. The rise in awareness about renal failure diseases and changing lifestyle is expected to drive the market growth. One in three Americans is at risk for developing kidney disease due to rapidly rising rates of diabetes and high blood pressure. Moreover, the National Institutes of Health (NIH), declared March as National Kidney Month to raise awareness about chronic kidney diseases. The rise in awareness about chronic kidney diseases through campaign launches to opt for ambulatory dialysis will further increase the demand for the artificial kidney.

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Regional Analysis

On a regional basis, the market has been segmented into four major regions, including the Americas, Europe, Asia-Pacific, and Middle East Africa.

Americas are anticipated to dominate the global artificial kidney market owing to the presence of major players, rising research development by private public organizations, and rise in the number of cases of chronic kidney diseases. Europe is expected to account for the second-largest market in the global artificial kidney market owing to the rise in technological advancement in the field of medicine technology and the growing geriatric population. Furthermore, Asia-Pacific expected to be the fastest-growing segment owing to a rise in the prevalence of renal failure cases, a rise in disposable income, increasing investment by government bodies, and rising opportunities for major players to invest in the region. The Middle East Africa accounted for the least market share. However, untapped markets and a rise in awareness among patients about the advantages of artificial kidney would provide growth opportunities in the coming years. Segmentation The Global Artificial Kidney Market has been segmented into Type and Dialysis.

By type, the market has been segmented into the wearable artificial kidney and implantable artificial kidney. The wearable artificial kidney is expected to hold the largest market share owing to the increasing number of patients suffering from renal failure and the technical advantages of artificial organs.

On the basis of dialysis, the global artificial kidney market is bifurcated into hemodialysis, peritoneal dialysis, and combination. The hemodialysis segment accounted for the largest market share owing to the rise in the number of hemodialysis procedures.

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Key Players Some of the key players in the global artificial kidney market are Kawasumi Laboratories, Inc. (Japan), Blood Purification Technologies Inc., AWAK Technologies Pte.Ltd.(Singapore), Triomed AB. (Sweden), Asahi Kasei Medical Vo., Ltd, and others.

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Cerebral Oximetry Monitoring Market : Outlook Continues to Remain Positive by 2017 – 2027

The Global Cerebral Oximetry Monitoring Market anticipated to have held a market value of USD 130 million in the year 2018 and is expected to register a CAGR of 7.1% during the forecast period. Cerebral oximetry is a simple, non-invasive monitoring procedure used in a variety of different clinical applications such as cardiac and vascular surgeries; the technology is evolving and expected to be applicable beyond cardiac surgery.

The market for cerebral oximetry monitoring is anticipated to grow at a steady pace, the major factors influencing the growth of the market include; technological advancement in the field of medical devices, increasing demand for non-invasive procedures, increasing penetration of non-invasive devices in surgical procedures, increasing government programs for the safety of the newborn. However, few limitations such as low measurement, the accuracy of measurement, and limited measurement of regional cerebral oxygenation hamper the growth of the market.

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Regional Analysis

Geographically the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East Africa.

The Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The Americas is anticipated to dominate the global cerebral oximetry monitoring market owing to the presence of major manufacturers in the region, favorable reimbursement scenario, increasing demand for non-invasive procedures, increasing technological advancement in the region, and increasing RD expenses.

The European cerebral oximetry monitoring market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

Europe is expected to hold the second largest position in the global cerebral oximetry monitoring market. The market growth in this region is attributed to the increasing government programs for the safety of newborn in countries such as the UK, Germany, and France.

The cerebral oximetry monitoring market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The cerebral oximetry monitoring market in the Middle East Africa has been segmented into the Middle East and Africa. The Asia-Pacific region is expected to be the fastest growing region owing to the increasing healthcare development in developing countries.

The Middle East Africa has the least share of the market and expected to grow at a steady pace due to changing healthcare structure.

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Segmentation

The global cerebral oximetry monitoring market has been segmented into age, application and end user.

Based on age, market segmented into adults and pediatrics. The adults segment is expected to account for the largest share segment of the market in 2017 due to the increasing number of cardiac in the adults.

Based on Application, cerebral oximetry monitoring market is segmented into cardiac surgery (Coronary artery bypass surgery, Deep hypothermic circulatory arrest), vascular surgery (carotid endarterectomy, carotid endarterectomy hyperperfusion syndrome), and pediatrics.

Based on end user, the cerebral oximetry monitoring market segmented into hospitals, clinics, ambulatory surgical centers, and others.

Key Players

Some of the prominent players in the global cerebral oximetry monitoring market are Medtronic, Philips Healthcare, Masimo, GE Healthcare, Edwards Lifesciences, Mindray Medical, Natus Medical, Honeywell Life Sciences, Welch Allyn, Omron Healthcare, Boston Scientific.

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Gout Market Research Forecast, Regional, Trends and Analysis to 2027

Market Highlights

Global Gout Market is expected to register a healthy CAGR of 8.4% during the forecast .

Gout is a common form of inflammatory arthritis. Gout is caused due to higher levels of uric acid in the blood. Major risk factors that are likely to cause gout are certain health factors such as high cholesterol, high blood pressure, and certain medications that can cause high levels of uric acid. Additionally, factors such as diet containing red meat, obesity, and high consumption of alcohol can cause gout.

The global gout market is expected to grow a healthy growth due to various factors such as increasing obesity rates, increasing aging mass, rising population indulging in smoking, and low fiber diet along with the increasing healthcare expenditure.

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Regional Analysis

The Americas dominates the global gout market owing to the increasingly obese population and increasing rate of cigarette smokers. Additionally, increasing obesity rates along with the increasing healthcare expenditure are likely to enhance the growth of gout in the North American region. For instance, according to the Center for Disease Control and Prevention, in 2015, 1 in 8 American adults had high cholesterol levels. Additionally, around USD 3.2 trillion was spent on healthcare expenditure in the U.S.

Europe accounts for the second largest market due to increasing aging mass and increasing obesity rates. Additionally, increasing government initiatives and increasing healthcare spending along with the rising demand for technologically advanced treatments are driving the growth of the gout market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This increasing older population is likely to drive the growth of the gout market.

Asia Pacific is the fastest growing market for gout whose growth is attributed to the rising population which in turn increases the overall patient population, rising population indulging in smoking, and low fiber diet. Additionally, the increasing healthcare expenditure and demand for new treatment options along with the rise in the standard of living are likely to drive the growth of the market. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for diagnostic services.

On the other hand, the Middle East and Africa is expected to witness a slow growth due to limited access to healthcare services and affordability issues among individuals. In the Middle East, the growth of the market is driven by the increasing availability of new and advanced diagnostic and treatment methods for various chronic diseases.

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Segmentation

The global gout market is segmented on the basis of treatment, type, end-user, and diagnosis.

On the basis of type, the market is segmented into tophaceous gout and pseudogout.

On the basis of treatment, the market is segmented into medications and self-care. The medication segment is further sub-segmented into Allopurinol, Febuxostat, Probenecid, Indomethacin, Diclofenac, and Ibuprofen.

On the basis of diagnosis, the market is segmented into X-ray, CT scan, blood test, MRI, ultrasound, urine test, and others.

On the basis of end-user, the market is segmented into hospital specialty centers and homecare.

Key Players

Some of the key players in the gout market are Takeda Pharmaceutical Company Ltd., Savient Pharmaceuticals, AstraZeneca plc, Merck Co. Inc., Inc.Ardelyx, Inc., Astellas Pharma Inc., and Novartis AG.

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Spinal Cord Compression Market: Emerging Technologies, Competition & Strategies of Key Players, Regional Analysis and Forecast By 2027

Regional Analysis

America dominates the global Spinal Cord Compression Market due to increasing prevalence of the spinal stenosis, presence of a well-developed healthcare sector and growing geriatric population are the factors driving the market growth within the region. Europe holds the second largest spinal cord compression- spinal stenosis market. Growing geriatric population, a well-developed healthcare sector, huge patient pool, and government support for the research and development are the major drivers within the region. On regional basis Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market growth due to the presence of developed economies like U.K, France, Germany, and others within the region. On the other hand, Eastern Europe is estimated to be the fastest growing region. Asia Pacific is the fastest growing region for the market. Presence of developing economies, rising healthcare expenditure and growing geriatric population drives the market growth within the region. Middle East Africa has the least share in the global spinal cord compression-spinal stenosis market. This can be attributed due to the presence of poor economies, low per capita healthcare expenditure, stringent government policies, especially within the African region.

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Market Highlights

Increasing prevalence of spinal stenosis, favorable reimbursement policies, rising demands for minimally invasive therapeutic surgical procedures, and growing geriatric population is estimated to drive the market growth during the forecast period. However, lack of skilled physician, high therapeutic surgery cost and surgery-related complications are estimated to restrain the market growth during the projected period.

Segmentation

The global spinal cord compression- spinal stenosis market is segmented by type, diagnosis, treatment type, and end user.

By type, the market is segmented into lumbar spinal stenosis, cervical stenosis, central stenosis, and others. By diagnosis, the market is categorized into physical examination, imaging, and others. The imaging segment is sub-segmented into magnetic resonance imaging (MRI), computed tomography (CT), X-ray, and others. By treatment type, the market is segmented into surgical treatment, and non-surgical treatment. The surgical treatment market is segmented into foraminotomy, laminotomy, interspinous process spacer, microendoscopic decompression, and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, rehabilitation centers, and others.

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Key Players

The key players in the global spinal cord compression- spinal stenosis market are Medtronic (U.S.), Johnson Johnson Services Inc. (U.S.) , Stryker (U.S.), Zimmer Biomet (U.S.), NuVasive, Inc. (U.S.), Globus Medical Inc. (U.S.), Orthofix International NV (U.S.), MicroPort Scientific Corporation (China), K2M, Inc. (U.S.), Alphatec Spine, Inc. (U.S), Paradigm Spine (U.S.), and Vertos Medical Inc. (U.S.). Vertiflex Inc. (California), General Electric Company (U.S.), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Siemens Healthcare GmbH (Germany), Toshiba Medical Systems (Japan), Aurora Imaging Technology, Inc. (U.S.), Neusoft Corporation (China), and Neurologica Company Ltd. (London) are among others.

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Dupuytren’s Contracture Market Analysis, Market Size, Share, Trends, Status, Competition & Companies, Growth Opportunities, Top Key Players and Forecast by 2027

The market drivers for Dupuytren’s Contracture Market are increasing cardiac cases such as heart attack, other factors includes cancer, kidney failure, end-stage lung cancer, hypothyroidism, rising screening and penetration of healthcare, growing awareness about cardiac diseases and growing income and healthcare expenditure etc. The market restraints are cost of Dupuytren’s contracture surgery, complications and risk of the surgery, invasive nature of treatment etc.

Dupuytren’s contracture is a condition primarily of the fingers of the hand in which there is difficulty in articulating fingers due to formation of knots of tissue form under the skin which may worsen to a degree that fingers become permanently bent in a flexed position. The exact causes of Dupuytren’s contracture are unknown however the risk factors include alcoholism, smoking, thyroid problems, liver disease, diabetes, previous hand trauma, epilepsy, family history etc. Dupuytren’s contracture has a higher rate in males over the age of 50. There is also a genetic propensity with Caucasians being affected more while it is rare among Asians and Africans. Dupuytren’s contracture has a regress rate of approximately 10 % of patients. The annual incidence proportion of this disease was estimated at about 3 cases per 10,000 adults. The occurrence rate in the United States is about 5% of people, while Scandinavian nations has a higher rate of about 30% of men over 60 years old have the condition.

Needle aponeurotomy (NA) is the preferred surgical treatment of choice and used in the majority of patients. It is less invasive than the open hand surgery which is now reserved for the most severe conditions. The collagenase injection segment is however expected to grow the fastest due to minimum invasive nature and the lesser hospitalization stay.

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Global Dupuytren’s contracture Market Players

Key players profiled in the report are Bristol-Meyers Squibb Co, Fresenius Kabi, Merck Company, Pfizer Inc., West-Ward Pharmaceuticals, Spear Pharmacueticals, Actiza Pharmaceutical Private Limited, Nantong Jinghua Pharmaceutical Co., Ltd., Endo International plc. Pfizer Inc., and others.

Regional Analysis

Europe account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the greater prevalence of Dupuytren’s contracture in Europe drives the Dupuytren’s contracture market. Also, concentration of major research companies in the developed countries of this region is adding fuel to the market growth. The highly developed healthcare system of the Scandavanian region coupled with high expenditure on healthcare, cruises the sale of Dupuytren’s contracture treatment. Europe is led by countries such as Germany and France. Norway is expected to be the fastest growing market. US is the second largest market in the world due to high income and healthcare penetration. The presence of large healthcare players in the US benefits the market coupled with the high public expenditure on healthcare which comes to be approximately 16 % of the GDP. Asia Pacific region is expected to grow at a slower rate with China and India are likely to lead this market due to fast growing healthcare sector during the forecast period. The lower prevalence of Dupuytren’s contracture in the Asian populations acts as a drag on the market. Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East African market. The development of large hospitals such as the King Fahd hospital in Riyadh is driving the market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development. Also the lower prevalence of Dupuytren’s contracture in the Asian populations acts as a drag on the market. Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) market synopsis on “Global Dupuytren’s contracture Market” Research Report – Forecast till 2023.

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Segmentation

The global Dupuytren’s contracture market has been segmented on the basis of types, diagnosis, surgery, drugs, therapy and end users. Based on type, the market has been segmented as type I, type II, type III. Based on diagnosis, the market has been segmented as physical examination, x-ray and others. Based on drug, the market has been segmented as steroids, collagenase injection, immune-modulators and others. Based on therapy, the market has been segmented as radiation therapy, physiotherapy and others. Based on the end user, the market has been segmented as hospitals clinics, academic and research and others.

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Wednesday, September 29, 2021

Oxygen Therapy Device Market : Drivers ,Restraints, Opportunities & Challenges

Global Oxygen Therapy Device Market, by Types (Non-re-breather mask, Incubators, Continuous positive airway pressure, Liquid oxygen device, Hyperbaric oxygen chamber, Nassal cannula, Cylinder, Concentrators and Oximeter); by Application (Hypoxaemia, Heart diseases, Sleeping apnea, Lung diseases, Chronic obstructive pulmonary diseases, Respiratory issues and others) and by End Users (Hospital, Clinics, Patients) - Forecast to 2027

Oxygen management is consistently used on the majority of patients admitted the emergency room or ICU with respiratory distress. Symptoms for oxygen administration comprise of, hypoxemia, amplified working of breathing, and hemodynamic insufficiency. The overall goal of oxygen therapy administration is to sustain adequate tissue oxygenation while minimizing cardiopulmonary work. Signs of insufficient oxygenation include tachypnea, accessory muscle work, dyspnea, cyanosis, tachycardia and hypertension. Oxygen administration can also be utilized for chronic administration for patients with advance cardiopulmonary disease and this therapy can be administered during diagnostic assessment.

Presently, there are a wide array of oxygen delivery devices accessible to the respiratory therapist to utilize for oxygen administration. The choice of oxygen delivery devices depends on the patient’s oxygen requirement, effectiveness of the device, dependability, ease of therapeutic application and patient reception. Although design plays a significant role in selection of these devices, clinical assessment and performance eventually regulates how and which device should be selected for a particular patient.

Oxygen delivery devices ranges from a very simple and economical designs to more complex and costly. Oxygen percentage supply can be unreliable or precise depending on the type of administration device selected. Oxygen administration can be provided through low-flow or high-flow systems, with humidity or not, and with a reservoir or not. Observing and monitoring of oxygen delivery efficiency includes arterial blood gas analyses, oxygen saturation monitoring, and clinical assessment. Oxygen can be quantified as a toxic if percentages are delivered in levels which are greater than 60 percent and in the chronic carbon dioxide retention patient population it may diminish the ventilator drive and yield life threatening hypercarbia. It can also cause absorption atelectasis by washing out nitrogen gas when provided through high concentrations.

Furthermore oxygen delivery devices have traditionally been categorized into three basic types based on their design: low-flow, reservoir, and high-flow. Regarding the FiO2 range, oxygen systems can be divided into those indicated for low oxygen delivery (35%), moderate oxygen delivery (35%-60%) or high oxygen delivery (60%). Some particular devices can deliver a comprehensive range of oxygen percentages

Moreover oxygen therapy can help to reduce the symptoms of the COPD and hypoxaemia. Some of the COPD cases are responsible for the long term asthma. COPD is more common in men who are exposed to more tobacco and smoking and industrial fumes and pollution this is generally seen in higher income countries, women from lower-middle income countries suffers from the pollution made in kitchen by the burning of charcoal, fuel, gas leakage and others. Hypoxaemia is more common in children below the age group of five. It mainly comes from pneumonia, which contributes the more numbers of deaths. According to WHO, it is estimated that globally three million deaths occurred due to COPD in 2015. This is nearly 5% deaths occurred across the globe in 2015.

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Key Players:

There are various local and global players who manufacture devices for oxygen therapy. However we have profiled some of the major players which are Phillips healthcare, Devilbiss Healthcare, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, Carefusion, Teflex, Bio Med, Fisher Paykel Healthcare Limited, Inogen, O2 Concepts, Smith medicals, Medtronic, 3B Medical, 3M Healthcare and many more.

Regional Analysis: Global Oxygen Therapy Device Market

Depending on geographic region, Oxygen therapy device market is segmented into four key regions: Americas, Europe, Asia Pacific, and Rest of the world. Where America is the largest market for the oxygen therapy devices because of the various development in the home based therapy. Another reason is the lifestyle of the people in developed countries. Europe is the second largest region where the home based oxygen therapy are adopted. Asia-Pacific is the fastest growing region for the oxygen therapy device market. The major reason can be countries like China and India are changing their trends towards the healthcare and are adopting to the advanced technology in the healthcare industries.

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Further the oxygen therapy market is expected to be high in the Asia-Pacific region due to the increasing population, increasing number of the diseases due to the behavioural and lifestyle changes in the people. As well as the countries are spending more on the healthcare, which is leading to the adoption of the advanced technology.

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Immune Thrombocytopenia (ITP) Market: Historical, Current and Projected Market Size, Competitive landscape & Forecast 2027

As per the latest report published by Market Research Future (MRFR), the Global Immune Thrombocytopenia (ITP) Market is set to surpass a valuation of USD 2,300 Mn by the year 2023, reflecting a healthy CAGR. ITP is a blood related disorder that cause abnormal clotting. Some of the discomforts caused by the disease include bruising, bleeding and severe drop in platelets counts. Both minors and adults can develop the condition. The disease is classified into primary and secondary form. Primary form of ITP occurs on its own while the latter is an offshoot of another condition. The condition can be triggered by reactive medications, autoimmune disease, pregnancy and certain type of cancers.

ITP is among the most commonly occurring disorder across the globe. In addition, the incidence rate has continued to spiral upwards in recent years. Factors as such as are fueling the demand for drugs and therapeutics for ITP. Currently, there are four treatment options available for ITP – intravenous immune globulin (IVIG), thrombopoietin receptor agonists, corticosteroids and immune-suppressing drugs. Though these treatment options have gained a healthy mileage, they come with certain degree of risk of side-effects. Nonetheless, increased focus towards innovation and RD is likely to create new avenues for market players in the foreseeable future.

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The report includes a thorough segmental analysis of the market on the basis of end-user, treatment, and type. By end-user, the market has been segmented into specialty centers, hospitals and clinics, research and academic institutes and others. Currently, the hospitals clinic segment accounts for more than one-third share of the market. During the forecast period, the segment is expected to record an impressive 6.22% CAGR. By treatment, the market has been segmented into thrombopoietin receptor agonists, corticosteroids, intravenous immunoglobulins and others. In terms of value, the corticosteroids segment currently commands for close to 40% market share and is projected to surge at a CAGR of 5.57%. Based on type, the market has been segmented into acute immune thrombocytopenia and chronic immune thrombocytopenia. The chronic immune thrombocytopenia segment currently accounts for over two-third market and is expected to highly profitable in 2018 and beyond. The segment is likely to reach a valuation of USD 2,036.9 Mn by the end of assessment period, exhibiting a CAGR of 5.94%. Approval of numerous targeted treatments coupled with the rising prevalence of ITP is proving the impetus on the segment’s growth.

The market has been covered across regions such as Europe, Americas, the Middle East Africa (MEA) and Asia Pacific (APAC). In 2017, the Americas segment accounted for the largest market share and trend is likely to continue beyond 2018. Some of the factors that are supporting the growth of the market in the region include rising prevalence of ITP in countries such as the US, Canada, Mexico and Brazil, high healthcare expenditure and favorable reimbursement policies. As per the National Organization of Rare Disorders (NORD), the incidence rate of Immune thrombocytopenia among Americans is 3.3 per 100,000 adults/year approx. Meanwhile, Europe and APAC currently hold the second and third spot respectively. Presence of advanced healthcare infrastructure and strong government support is supporting the growth of the market Europe. In Asia Pacific, the market has gained a healthy momentum in recent years owing to factors such as increase penetration of healthcare services, growing awareness and expanding patient pool. The market for ITP in APAC is expected to witness a strong growth over the next couple of years.

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Competition Tracking:

Key companies mentioned in MRFR’s report include Dova Pharmaceuticals, Jiangsu Hengrui Pharmaceutical Co., Ltd., Ligand Pharmaceuticals, Inc., Rigel Pharmaceuticals, Inc., Kyowa Hakko Kirin Co., Ltd., Amgen Inc., Shire, F.Hoffmann-La Roche Ltd., Shionogi Inc. CSL Limited, and Novartis AG.

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dental needle market Size, Share, Historical Growth, Analysis, Development Status, Opportunities and Forecast To 2027

A dental needle has four components, namely, the bevel, shank, hub, syringe adapter, and the cartridge penetration end. With increasing demands for dentistry, the global Dental Needle Market is expected to showcase accelerated growth over the forecast period, as per the latest report launched by Market Research Future (MRFR). The global dental needle market is assessed to register a CAGR of 5.4% over the forecast period.

The global dental needle market is driven by various factors, apart from the growing demand for dentistry. Increasing prevalence of dental conditions such as caries, periodontal diseases, and a rising dental-healthcare expenditure is expected to promote sizeable growth in the global dental needle market. As per the American Dental Association, the US national dental expenditures went from USD 114 billion to USD 117.5 billion in 2015.

Further, mounting geriatric population is another factor fueling growth in the global dental needle market. WHO published a study that suggested the rise of the geriatric population to reach approximately 2.1 billion by the end of 2050. However, the global dental needle market is likely to face some hindrance in growth due to the introduction of needleless delivery systems and a high risk of infection from the use of dental needles.

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Market Segmentation

The global dental needle market is analyzed for various segments based on type, length, gauge, and end-user. Based on type, the global dental needle market is segmented into dental anesthetic needle, plastic hub dental needle, and by bevel design. The segment of bevel design is further sub-segmented into triple bevel needle, regular bevel needle, and scalpel-designed bevel needle.

Based on gauge, the global dental needle market is segmented into 25G, 27G, and 30G needle. Based on length, the global dental needle market is segmented into 8mm, 16mm, and 22mm needle. Based on end-users, the global dental needle market is segmented into academic institutes, clinics, and hospitals.

Detailed Regional Analysis

The global dental needle market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East Africa. The dental needle market in the Americas is expected to spearhead the global dental needle market over the forecast period. This can be attributed to a well-established dental-healthcare sector in the region. Further, a high per-capita healthcare expenditure noted in the region is boosting market growth for dental needles.

Europe is estimated to garner the second-largest share in the global dental needles market. Various factors are contributing to such fast-paced ascension of the dental needles market in the region. Higher investments for research, well-developed healthcare infrastructure, and a huge patient populace present in the region are accelerating the growth trajectory taken by the dental needle market in the region. Further, rising healthcare expenditure and growing government support for the research and development of the dentistry is expected to drive the regional dental needle market over the forecast period.

Asia Pacific is anticipated to register the fastest ascension in the global dental needle market. This can be owed to the existence of various emerging economies such as India and China in the region, which are witnessing higher healthcare expenditure in the coming years. Further, favorable government policies and an ascension noted in the geriatric population is expected to boost the market growth for dental needles owing to the magnanimous potential for expansion in the region. As per the Economic and Social Commission for Asia and the Pacific, around 12.4% of the population in the region was more than 60 years old, in 2016. This population is anticipated to touch 1.3 billion by the end of 2050.

The Middle East Africa is projected to fetch the smallest share of the global dental needle market during the conjecture period. This can be causative of the presence of underdeveloped countries, especially within Africa.

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Key Players

The global dental needle market has a boastful presence of many market giants, including Septodont (Europe), Shinhung Co., Ltd (Asia Pacific), Dentsply Sirona. (U.S.), NIPRO Medical Corporation (U.S.), MEDTRONIC (U.S.), TERUMO CORPORATION (Asia Pacific), J. MORITA CORP. (Asia Pacific), TSK Laboratory Europe B.V. (Asia Pacific), and EXELINT International, Co. (U.S.).

Industry News

Jan 2019: Terumo announced major expansion in the Canadian market. Terumo Medical opened its 58,000 square foot office, distribution, and warehouse facility. It started serving customers across Canada since January 1st, 2019.

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