healthcareguru: September 2021

Friday, September 24, 2021

Telemedicine Market : Outlook Continues to Remain Positive by 2017 – 2027

Market Scope

Market Research Future (MRFR) expects the Telemedicine Market to capture a valuation of USD 56,738.3 million by 2027-end. Furthermore, the market size is set to burgeon at a rate of 16.8% between 2020 and 2027.

Top Boosters and Challenges

Technological advances in telemedicine software and services have been favorable for the telemedicine market in recent years. emergence of new user-friendly systems and solutions has led to a strong demand, which helps bolster the market growth. For instance, in June 2021, Beazley has bolstered its range of risk management solutions for telemedicine sector by adding new advanced tools. These tools can be used for navigating the entire digital health regulatory framework. The company has created an interactive, multi-layered digital map that offers extensive information about the state-by-state regulations and laws with respect to the provision of telemedicine services across the US.

Telemedicine products are useful for patients living in remote areas and are devoid of the required medical facilities. For the same reason, these solutions also enjoy high demand among the health care providers in such areas. This can present business opportunities to the top manufacturers in the coming years. Moreover, as telemedicine helps facilitate smoother communication and interaction between the healthcare team members, the demand is bound to shoot up in the next few years.

Many of the medical device developers and telemedicine firms are collaborating and entering joint ventures to boost their businesses on a global scale. Majority of the firms in the telemedicine market are also adopting strategies such as acquisitions and mergers to improve their rankings. To illustrate, SHL Telemedicine Ltd. and VNA Care collaborated for the deployment of the SHL SmartHeart 12 Lead ECG technology in the home health care services offered by VNA Care. This could help patients to be discharged sooner from the hospital, shortening the stays at the medical facilities, or even better manage a relatively new disease. This collaboration will entail VNA Care using the portable and compact technology within the home setting.

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Market Segmentation

Application, component, service, deployment, and end-user are the key segments considered in the MRFR market study.

Major applications of telemedicine can be radiology, cardiology, ophthalmology, dermatology, psychiatry, and others.

Key components are hardware as well as software. The types of software listed in the report are standalone software and integrated software while the types of hardware include medical peripheral devices and monitors.

Depending on service, the global market caters to telepharmacy, telenursing, teledermatology, Tele oncology, teleradiology, and more.

Deployment-wise, the major segments are cloud-based along with on-premises.

With respect to end-user, the market has been considered for clinics, telemedicine hospitals, home care, and more. The telemedicine hospital category is in the lead, thanks to the surging use of telemedicine services in the hospital settings for consulting specialists by the doctors. This leads to cost savings for not only the hospitals but for patients as well.

Regional Analysis

Telemedicine market has been geographically segmented in terms of Asia Pacific/APAC, the Americas, Europe, and MEA/Middle East Africa.

North America is most likely to clinch the leading spot in the global market between 2020 and 2027, on account of the surging preference for online consultations and e-visits. In addition to this, the favorable insurance scenario and rapid adoption of the latest technologies including robots, AI, and chatbots in the healthcare sector, to treat the massive patient pool will favor the North American market in the future.

Europe is all set to secure the second spot in the global industry, thanks to the rising use of modern technologies within the healthcare industry. Significant burden of various chronic illnesses in line with the mushrooming patient base in the region will be another major reason for the strong market growth in the next couple of years.

The APAC market should mark the fastest progress in the following years, by virtue of the expanding geriatric populace, soaring cases of chronic illnesses, and the shortage of skilled healthcare personnel. The high number of unmet medical needs, especially among the rural population could give rise to a host of growth avenues in the upcoming period. Overcrowding in various medical facilities and the lack of advanced medical devices and hospital beds has boosted the need for telemedicine in the region as well.

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Renowned Players

Tunstall Healthcare, CareClix, Koninklijke Philips N.V., SHL Telemedicine, Medtronic, Medvivo Group Ltd., Cisco, CardioNet, Cardiocom, Allscripts Healthcare Solutions, IBM Corporation, AMD Global Telemedicine Inc., Intel Corporation, Aerotel Medical Systems, GENERAL ELECTRIC, Care Innovations, Cerner Corporation, TeleVital, Aerotel Medical Systems Ltd., Honeywell Lifesciences, Iris Telehealth, are the leading industry contenders profiled in the MRFR report.

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CBD Market Covering Competitive Scenario & Market Dynamics throughout 2027

Market Scope

MRFR (Market Research Future) expects the CBD Market to capture a valuation of USD 2,207,162.54 million by 2027. The market’s growth rate is expected to be 125.58% from 2020 to 2027 (analysis period).

Key Boosters and Challenges

Cannabidiol, a major compound that is sourced from marijuana as well as hemp plants, has a number of medicinal applications. Cannabidiol is quite effective in treating several disorders including neurological pain, chronic pain, sleep disorder, anxiety, as well as stress and nausea. Therefore, it has gained widespread popularity worldwide and will continue to witness huge demand in the years to come. Given its healing attributes, their use in health and wellness applications is significantly high, which has been favorable for the business. Additionally, surging acceptance of products having CBD backed by rising government approval will also foster the production and use of the product in the ensuing years.

People are growing aware of cannabidiol’s several therapeutic benefits, influencing them to opt for these products without focusing on their cost. Since these have a higher profit margin, retailers are increasingly selling a variety of cannabis-based products. Majority of health wellness retail outlets now offer CBD-based products, including CVS Health, Walgreens Boots Alliance, and Rite Aid. At present, CVS Health is offering CBD topicals in more than 700 stores while Walgreens Boots Alliance sells CBD-laden topicals in over 1600 stores across the United States.

Companies are forging partnerships and also introducing new and improved products to strengthen their distribution networks while boosting consumer bases. Demand for CBD in the food and beverage industry has risen exponentially, and sensing the opportunity, various brands are introducing new drinks to attract a higher number of consumers. For instance, in April 2021, PepsiCo introduced a new drink called Rockstar Energy + Hemp, which made its debut in Germany. This launch marks the company’s foray in the CBD category. The drink contains hemp seed extracts along with guarana, ginseng, caffeine, B vitamins, taurine, and sugar.

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Market Segmentation

The CBD (Cannabidiol) industry has been considered for application, end user, forms, product, routes of administration, and source.

The application-wise segments listed are energy drinks, diabetes, protein bars, neurodegenerative disorder, and fibromyalgia.

The end-users profiled in the market study are food beverage as well as healthcare.

CBD generally comes in two forms, namely liquid and solid.

Major products listed in the report are therapeutic grade and food grade.

The routes of administration are organic and inorganic.

Source-wise, the market caters to capsules, tincture, inhalation (smoke or vapor), aerosol spray, product (food grade as well as therapeutic grade) and more.

Regional Outlook

The American market is in the lead, thanks to the substantial demand and use of cannabis-based products. Reports confirm that close to 24.2 million Americans that are over 12 years of age use cannabis as well as related items for a variety of reasons. Extensive pool of health-conscious consumers, presence of renowned manufacturers, and the passing of the U.S. Farm Bill in 2020 have all translated into booming sales of CBD products in the region.

Europe has the second biggest share in the global industry, primarily owing to the high awareness level among the mass and the expanding application range of cannabis in the food industry. CBD has been legalized in the region and is therefore, openly sold in various countries. The Food and Forestry, the Bulgarian Food Safety Agency and Ministry of Agriculture have given the ‘free certificate of sale’ to CBD products. These approvals by the regulatory entities in the region are bound to boost the market size in the years to come.

The Asia Pacific market is concentrated in India, China, and Japan and is currently the third highest gainer. The recent legalization of CBD (Hemp) in China and the Public Security Bureau and Yunnan provincial government giving green signal to the first-ever industrial hemp plant extraction factory in the country has done wonders for the market.

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Major Companies

Major firms in the market for CBD are Freedom Leaf, Inc, Medical Marijuana, Inc., ENDOCA, Aphria Inc., CV Sciences, Inc, Canopy Growth Corporation, Green Roads of Florida, LLC, Elixinol Global Limited, Isodiol International Inc, Folium Biosciences, CBD Health Solutions, LLC, and more.

The companies are primarily focused on carrying out strategical moves such as new launches, business expansion, acquisition, and agreements to bolster their footprints across the globe.

February 2021

Canopy Animal Health, a segment of Canopy Growth Corporation, which is a world-renowned cannabis company, has launched its latest range of CBD products under the name SurityPro for dogs. Canopy Animal Health has created this latest generation of veterinary CBD products that elevates dogs’ calmness, bolsters their joint flexibility, facilitate healthy aging, and improve the overall mental and physical well-being.

June 2021

PAO Group Inc. is planning to introduce a new range of CBD Nutraceutical products in 2021. PAOG is currently working on developing the CBD pharmaceutical product, which will be available under the name RespRx, and can be used for treating Chronic Obstructive Pulmonary Disorder.

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Cell Counting Market 2027: In-Depth Analysis on Market Dynamics, Segmentation & Emerging Growth Factors

Market Highlights

According to MRFR analysis, Cell Counting Market is expected to register a CAGR of 5.8% during the forecast period of 2019 to 2025 and was valued at USD 8.47 Billion in 2018.

Cell counting is important for research and serves as one of the major steps in the majority of experiments. It is effectively utilized for maintaining cell cultures. Moreover, another important application of cell counting can be seen in the diagnosis of chronic diseases like cancer. For instance, an increase in the number of white blood cells (WBC) may indicate the possibility of cancerous growth in the body. Thus, cell counting is important for microbiology, hematology and other medical specialties.

The growth of the global cell counting market is determined by numerous factors such as increasing RD expenditure, rising prevalence of cancer, and product launches. However, the high cost of devices and product recalls are projected to restrain the growth of the market during the forecast period.

The Global Cell Counting Market is currently dominated by several market players. The key players are involved in product launches, expansion, and strategic collaborations to strengthen their market positions. Recently in April 2019, the Nexcelom Bioscience LLC launched Cellaca MX automated cell counter.

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Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East Africa.

The Americas is anticipated to hold the largest market share owing to the increase in the incidence of cancer and the presence of well-established pharmaceutical and biotechnology industry. The cell counting market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada.

The European cell counting market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The cell counting market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large patient pool and expansion of healthcare facilities, the market in Asia-Pacific is expected to be the fastest-growing. The cell counting market in the Middle East Africa has been divided into the Middle East and Africa.

Segmentation

The Global Cell Counting Market has been segmented based on product, application, and end-user.

The market, based on type, has been divided into consumables and instruments. The consumable segment is likely to hold maximum market share in the global cell counting market. This due to the repeated purchase of the consumable compared with instrument products.

The global cell counting market based on application has been segregated into research application, clinical diagnostic application, and others. The research application segment is anticipated to hold the largest share in the market due to the rising funding for stem cell research.

The end-user segments of the market are pharmaceutical and biotechnology companies, hospitals, research institutes, and others. The pharmaceutical and biotechnology companies’ segment is expected to hold the largest share of the market, as these are used cell counting products in research and development of new drugs and therapies.

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Key Players

Some of the Key Players in the Global Cell Counting Market are Thermo Fisher Scientific (US), Merck KGaA (Germany), Danaher Corporation (US), Bio-Rad Laboratories, Inc. (US), Logos Biosystems, Inc. (South Korea), Olympus Corporation (Japan), Agilent Technologies, Inc. (US), PerkinElmer, Inc. (US), Sysmex Corporation (Japan), Abbott Laboratories (US), and others.

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Thyroid Test Market Size: Development, Growth, Trends, Demand, Analysis and Forecast 2027

Market Highlights

According to MRFR analysis, Thyroid Test Market is expected to register a CAGR of 5.6% during the forecast period of 2019 to 2025 and accounted for USD 1,400 Million in 2018.

Thyroid is a small gland in the lower-front part of the neck. It is responsible for the regulation of many of the body’s processes, such as metabolism, energy generation, and mood. Thyroid tests are a series of blood tests such as T3, T3RU, T4, and TSH used to check the function of the thyroid.

The growth of the Global Thyroid Test Market is driven by various factors such as an increase in the prevalence of thyroid disorders, increasing prevalence of lifestyle diseases, and increasing mergers acquisitions by prominent players in the market. However, lack of knowledge about the symptoms and causes of the thyroid is projected to hamper the growth of the global thyroid test market.

The Global Thyroid Test Market is currently dominated by several market players. Additionally, growing initiatives to create awareness is driving the growth of the market. For instance, in 2017, Merck Serono, partnered with the Ministry of Health in Saudi Arabia, for a long-term awareness program named “Fly like a butterfly” and signed a memorandum of understanding to raise awareness of thyroid disorders.

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Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas is expected to be the largest market owing to the rising per capita healthcare expenditure. The thyroid test market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European thyroid test market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The thyroid test market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing prevalence of thyroid disorders and increasing patient pool, the market in Asia-Pacific is expected to be the fastest-growing. The thyroid test market in the Middle East Africa has been bifurcated into the Middle East and Africa.

Segmentation

The Global Thyroid Test Market has been segmented based on type and end-user.

The market, based on type, has been divided into TSH tests, T4 tests, T3 tests, and other tests.

The TSH tests segment is likely to be the largest during the review period, as TSH tests are the most common test used to check the function of thyroid. A high TSH level most often means you have hypothyroidism or an underactive thyroid.

In terms of end-user, the global thyroid test market has been segmented into hospitals, diagnostic laboratories, and research laboratories and institutes. Hospitals take up the largest share. The positive growth of hospitals is attributed to their rising need to offer treatments to various health disorders. Additionally, the growing rate of hospitals is also driving the growth of the hospital’s segment.

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Key Players

Some of the Key Players in the Global Thyroid Test Market are Abbott (US), Merck (Germany), Thermo Fisher (US), Danaher (US), Roche (Switzerland), Diasorin(Italy), Biomérieux(France), Diagnostic Automation/Cortez Diagnostics (US), Qualigen(US), Kronus(US), and Autobio Diagnostics(China)

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relapsing-remitting (MS) market to Reflect Impressive Growth Rate During 2017 to 2027

Market Highlights

According to MRFR analysis, the global relapsing-remitting (MS) market is expected to register a CAGR of 3.1% during the forecast period of 2019 to 2025 and held a value of USD 4,976 million in 2018.

Relapsing-remitting MS is characterized by attacks of new or increasing neurologic symptoms. These attacks are also called relapses or exacerbations and are followed by periods of partial or complete recovery. Approximately 85% of people with MS are initially diagnosed with relapsing-remitting MS.

The growth of the global relapsing-remitting MS market is boosted by various factors such as rising research in the multiple sclerosis treatment fields, and increasing innovations by significant players. However, the stringent regulations and high cost of drugs are likely to curb the growth of the global relapsing-remitting MS market.

Several market players currently dominate the global relapsing-remitting MS market. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in March 2017, the US Food and Drug Administration (FDA) approved Genentech’s Ocrevus (ocrelizumab) for the treatment of adult patients with relapsing forms of multiple sclerosis and primary progressive multiple sclerosis (PPMS).

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Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas is expected to be the largest market owing to the upcoming research activities by key players. The relapsing-remitting MS market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European relapsing-remitting MS market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The relapsing-remitting MS market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing pool of patient population suffering from relapsing-remitting MS, the market in Asia-Pacific is expected to be the fastest-growing. The relapsing-remitting MS market in the Middle East Africa has been divided into the Middle East and Africa.

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Segmentation

The global relapsing-remitting MS market has been segmented based on treatment, route of administration, and end user.

The market, based on treatment, has been divided into immunomodulating drugs, Nrf2 activators, interferons, and others. The immunomodulating drugs segment is likely to be the largest during the review period due to the growing advantages of this drug type in comparison to others. The Nrf2 activators segment is predicted to be the fastest-growing due to the increasing awareness and research in the market.

The global relapsing-remitting MS market has been segmented, based on the route of administration, into oral and intravenous. The oral segment is expected to hold the majority share of the market owing to the increasing efficiency rates of this mechanism. The intravenous segment is expected to be the fastest-growing due to the increased awareness about this route of administration.

The end users of the market are hospitals, clinics, and others. The hospitals segment is expected to hold the largest share of the market due to the increasing number of hospitals. The clinics segment is expected to be the fastest growing owing to the increased preference of medical professionals.

Key Players

Some of the key players in the global relapsing-remitting MS market are Glenmark Pharmaceuticals (India), Eisai Co., Ltd (Japan), Biogen (US), Merck KGaA (US), Sanofi Genzyme (US), Novartis AG (Switzerland), and Teva Pharmaceutical Industries Ltd (Israel).

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Breathing Disorders Treatment Market Size Industry Insights, Top Trends, Drivers, Growth and Forecast to 2027

Global Breathing Disorders Treatment Market – overview

The global breathing disorders treatment market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global Breathing Disorders Treatment Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2022, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2022).

Breathing disorder or respiratory disease is a medical condition that affects the gas exchange organs in higher organisms. This includes conditions of the upper respiratory tract, pulmonary pleura, bronchi, bronchioles, trachea, and pleural cavity, and muscles of the respiratory tract. Worldwide, respiratory diseases are proposing major health problems. According to the Forum of International Respiratory Societies, it is estimated that 235 million people suffer from asthma and more than 200 million people have Chronic Obstructive Pulmonary Disease (COPD). Moreover, it is estimated that around 65 million people undergo moderate to severe COPD. Increases patient population followed by increasing demands for drugs, therapies and treatments is estimated to be the major driver for the market growth during the forecast period. Moreover, increasing prevalence of Asthma in developing economies of the Asia Pacific region fuels the growth of the market. However, high cost of therapies and presence of natural alternatives is the major restrainting factor for market growth.

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Global Breathing Disorders Treatment Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the Global Breathing Disorders Treatment Market appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

In April, 2017- BD, a leading global medical technology company, and C. R. Bard, Inc., a medical technology leader in the fields of vascular, urology, oncology and surgical specialty products, entered into a definitive agreement under which BD acquired Bard for USD 317.00 per Bard common share in cash and stock, for a total consideration of USD 24 billion. The agreement has been unanimously approved by the Boards of Directors of both companies.

In July, 2016- General Electric health care unit aimed to build a USD 1 billion business offering vital manufacturing tools for a coming wave of cell therapies, helped by the acquisition of a Swiss firm that doubles its presence in the field.

In June, 2017- PerkinElmer, Inc., announced that it has entered into a definitive agreement to acquire EUROIMMUN Medical Laboratory Diagnostics AG. The agreement provides that PerkinElmer will acquire up to a 100% stake in EUROIMMUN. The total purchase price of the transaction based on all outstanding shares being acquired was approximately USD 1.3 billion in cash.

In November, 2016- The Cooper Companies, Inc. announced that CooperSurgical has acquired Wallace, the in-vitro fertilization (IVF) segment of Smiths Medical, a division of Smiths Group plc., for a purchase price of approximately USD 168 million.

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Global Breathing Disorders Treatment Market – Regional Analysis

On the regional basis, the market is segmented into- North America, Europe, Asia Pacific and Middle East Africa. North America dominates the growth of the market. Presence of huge patient and well-developed healthcare sector are the major drivers for the market growth. Europe is the second largest market due to increasing industrialization and increasing pollution levels. Asia Pacific is the fastest growing market. Increasing prevalence of respiratory diseases and presence of the developing economies within the region are the major drivers for market growth within the region. The Middle East Africa holds the least market share. Lack of awareness and low per capita healthcare expenditure in the African region are the major drivers for market growth within the region.

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Cough Syrup Market 2027: Growth Opportunities, Segmentation, Competitive Landscape and Regional Analysis

Market Scope

The global Cough Syrup Market is expected to register a CAGR of 3.45% to reach USD 5,139.63 million by 2026. Rise of respiratory disorders, common cold, and the surge in pollution levels can drive the market growth exponentially. According to the Forum of International Respiratory Societies (FIRS), indoor air pollution, pollution from traffic, and tobacco smoke are main causes of air pollution. This is evident with 4.3 million deaths have been caused by air pollution, as per the report by WHO. The large elderly populace and the active pharmaceutical sector are other drivers of the market.

The misuse of cough syrup by consumers can deter its market growth.

Segmentation

The global cough syrup market has been segmented into product type, category, and application.

Based on product type, the market has been segregated into combination and individuals. Combination product type has been further classified as dextromethorphan + guaifenesin, guaifenesin + pseudoephedrine, and brompheniramine + pseudoephedrine. The individual product type has been further divided into dextromethorphan, guaifenesin, ambroxol, and codeine.

Based on the category, the market has been segmented into cough suppressants and expectorants.

By application, the cough syrup market has been categorized as adults and child.

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Regional Analysis

The global cough syrup market, based on region, has been divided into the Americas, Europe, Asia Pacific (APAC), and the Middle East Africa (MEA).

The Americas is expected to hold a maximum share of the global cough syrup market and is projected to register a CAGR of 3.16% during the forecast period. Presence of significant market players, strategic acquisitions by major players, increasing cases of respiratory disorders, and availability of advanced medications for the treatment of chronic obstructive pulmonary disease (COPD) are main drivers of the regional market. The low growth risk and high competition can ensure the steady growth of the market.

Europe accounts for the second-largest, in the global cough syrup market, majorly due to the presence of key players such as GlaxoSmithKline, Reckitt Benckiser Group PLC, and Novartis. Moreover, the purchase of over-the-counter (OTC) syrups from retail pharmacies over the preference of the local healthcare provider can bode well for the market.

APAC is estimated to be the fastest-growing market due to the continuous development in developing countries such as India and China. High prevalence of respiratory disorders due to vehicular pollution, tobacco smoke, exposure to air pollutants at home and the workplace, and indoor air pollution from biological agents are major drivers of the regional cough syrup market. The prevalence of smog due to industrial pollution in China can drive the product sales.

The MEA cough syrup market is driven by advances in healthcare infrastructure, increasing healthcare expenditure, and increasing per capita disposable incomes of the people in the UAE and Saudi Arabia. Africa is the least developed region with limited healthcare resources and facilities for the people. The low growth rate due to less developed and less efficient health systems is hampering the growth of the market.

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Competitive Outlook

Reckitt Benckiser Group PLC, Merck KGaA, Johnson Johnson Services, Inc., Novartis AG, Sanofi, Procter Gamble, Abbott, Acella Pharmaceuticals, LLC, Pfizer, Inc., and GlaxoSmithKline PLC are key players of the global cough syrup market.

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Insulin Delivery Devices Market Overview, Dynamics, Supply & Demand, Analysis & Forecast by 2027

Overview:

The Insulin Delivery Devices Market is growing at a rapid pace; mainly due to the rapidly increasing number of diabetic populations. Insulin delivery devices are adaptable lifestyle friendly, and hence these are garnering huge popularity and advancement due to its programmable physiologic technique for the delivery of insulin.

The current research and development activities that are coordinating the two technologies, “sensor-augmented” and “sensor-driven” to develop pumps with completely automated independent sensing and delivery system are expected to escalate the market on the ascending global heights.

Acknowledging the burnished growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global insulin delivery devices market is expected to accrue exponentially by 2020, registering 7.9 % CAGR between 2014 and 2020.

Additional factors fostering the growth of this market include the rise in the obese population, the prevalence of diabetes that is rising significantly, and the spreading awareness towards diabetic care, worldwide. The wide uptake of technological advancements in drug delivery devices is acting as a major tailwind that is pushing up the market growth.

The number of the population diagnosed with diabetes is projected to increase at a tremendous rate. Thus, if these trends linearly continue over the next couple of years, it will dramatically increase the number of populations diagnosed with diabetes which, in turn, will substantially foster the demand for insulin delivery devices.

With the rising number of diabetic patients, the demand for insulin delivery devices is expected to surge, thus resulting in exploding the size of the global insulin pumps market.

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Global Insulin Delivery Devices Market – Segments

The MRFR analysis is segmented into two key dynamics for the convenience of understanding;

By Type : Insulin Syringe, Insulin Pumps, Insulin Pens, Insulin Jet Injectors and others (jet injectors, transdermal patches, and inhalers).

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).

Insulin Delivery Devices Market – Geographical Analysis:

The well-developed regions of North America and Europe account for the leading markets for insulin delivery devices, globally. The developed economy allows these regions to have an edge over other regions, in every aspect, be it technology or healthcare. Also, factors such as the growing diabetic population, increasing technological advancements in the healthcare industry, and the faster uptake of technology are driving the insulin delivery devices market in these regions.

The U.S backed by a higher GDP, higher per capita healthcare expenses, and technological advancements, is expected to lead the insulin delivery devices market in North America. Whereas, Germany will lead the European market, heading with the presence of its large medical device industry.

Insulin delivery devices market in the Asia Pacific region is growing rapidly owing to the huge patient population of Type -1 diabetes and the rising economy in countries such as China, Vietnam, Indonesia, and India.

India, due to the presence of a greater number of type-2 diabetes patients is expected to dominate the regional market for insulin delivery devices. Simultaneously, the demand for quality devices in healthcare rising alongside the rapidly developing healthcare technology is expected to lead the market growth in the APAC region.

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Global Insulin Delivery Devices Market – Competitive Landscape

The rapidly growing market of insulin delivery devices appears fiercely competitive and fragmented with many large and small-scale players alongside new entrants forming a competitive landscape. The fierce competition in the anti-diabetic drug market has forced many players to developed delivery devices as an effective way to control the fall in revenues.

Matured players are increasingly seeking market expansion through various strategic initiatives such as mergers and acquisitions, increasing investments, innovation, and RD to develop cost-effective product portfolio. They are also expanding their sales operations in emerging markets such as India and China to gain high market shares. The partnership formed are helping the companies to reduce the development costs associated with the insulin delivery devices.

These players possess state-of-the-art developing labs and strong sales and distribution network that can help them to gain the leadership position in the market. An ever-increasing emphasis on inbound lead generation over branding-oriented efforts has been observed among the marketers.

Key Players:

The fervent players leading the global insulin delivery devices market include Sanofi, Novo Nordisk, Eli Lilly, Medtronic, Copernicus, Beta Bionics, InsuJet, MannKind, SHL Group, Roche, and Becton Dickinson (BD) among others.

Industry/ Innovation/ Related News:

December 14, 2018 –– Eli Lilly and Company (US), a leading global pharmaceutical company announced its expanded collaboration with Evidation Health, Inc. (US), a technology company involved in the development of digital tools and technologies especially for the healthcare industry. The collaboration with a multi-year agreement will provide Lilly with global access to Evidation’s Andromeda data platform to analyze the data through Smartphones Connected Sensors.

Studying Evidation’s data platform will help Lilly to analyze data from continuous glucose monitors, insulin pumps, and real-world information to build a connected ecosystem that includes an automated insulin delivery device and connected insulin pen.

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Creatinine Test Market Size: Development, Growth, Trends, Demand, Analysis and Forecast 2027

Market Highlights

Taste the market data and market information presented through more than 55 market data tables and figures spread over 101 pages of the project report. Avail the in-depth table of content (TOC) market synopsis on “Creatinine Test Market research report–Global forecast till 2023.”

Creatinine test is a part of renal function tests that determine the normal functioning of kidney. It is usually recommended by the healthcare provider for diagnosis of kidney diseases, kidney failure, and other diseases associated with the kidney. Analyzer, creatinine tests strips, cartridge, and other accessories are most widely used to determine creatinine levels signaling the presence of kidney disease.

Prevalence of chronic kidney disease is on the rise across the globe, especially, in the developing countries. The market is driven by the increasing prevalence of diabetes, renal dysfunction, and other kidney problems. Furthermore, increasing research and development activities, and technological advancements to identify the causes and risk factors for renal diseases are fuelling the global market growth. The growth of the market is restricted by the accuracy and reliability of tests.

The global creatinine test market is expected to grow at a CAGR of 4.2% during the forecast period.

Major Players in Creatinine test Market:

Some of the key players in the global market are Quest Diagnostics (U.S.), Merck (U.S.), Sonic Healthcare (Australia), Bayer (U.S.), Beckman Coulter (U.S.), Laboratory Corporation of America Holdings (U.S.), Genoptix (U.S.), Healthscope (Australia), Labco (Kuwait), Charles River (U.S.), OPKO Health, Inc. (U.S.), Abbott (U.S.), and others.

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Regional Analysis

The creatinine test market is increasing in the Americas owing to growing emphasis on healthy lifestyle, and prevention of chronic kidney diseases. Additionally, increasing demand for technologically advanced diagnostic devices and the presence of major market players influence the growth of the market. According to the Centre for Disease Control and Prevention, in 2014, nearly 118,000 people in the U.S. started treatment for End-Stage Renal Disease (ESRD).

In Europe, extensive research and development activities on the medical devices, and extensive use of point-care-testing devices drive the market growth. As per the article published in Clinical Kidney Journal, the incidence of end-stage renal disease (ESRD) varies substantially between the countries in Europe. Furthermore, rising healthcare expenditure also impact the market growth. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014, France recorded the second highest level of current healthcare expenditure of EUR 237 billion, followed by the U.K (EUR 223 billion).

Owing to the increasing prevalence of diabetes, chronic kidney disease, and obesity, and availability of diagnostic services drives the growth of the Asia Pacific region. India and China are the top two countries with high prevalence of diabetes, which is expected to grow in the coming future.

In the Middle East Africa, the increasing demand for specialty diagnostic services and developing healthcare system drive the growth of the market. In Africa, the demand for diagnosis and treatment of chronic diseases is increasing, which is fuelling the market growth.

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Segmentation

The global creatinine tests market is segmented on the basis of type, indication, devices, and end user.

On the basis of the type, the market is segmented into urine test, blood test, and others.

On the basis of the devices accessories, the market is segmented into clinical analyzer including bench top, and portable/ handheld analyzers, creatinine test strips, cartridge, and others.

On the basis of the indication, the market is segmented into kidney disease, kidney infection, kidney failure, urinary tract obstruction, and others.

On the basis of the end user, the market is segmented into hospital clinics, diagnostic center, research institutes, and others.

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