Medical pendant Market size by Industry Insight Analysis, Segments, Top Key Players, Drivers and Trends to 2027

 Global Medical Pendant Market Research Report Information by Product (Fixed Pendants, Fixed Retractable Pendants, Single Arm Movable Pendants, Double Multiarm Movable Pendants, Accessories), Application (Hospital, Clinics, Others), and Region – Forecast To 2023.

Medical pendant Market refers to the robotic equipment used in the latest operating theatre that can control all functions seamlessly, using the computer-assisted configuration software. Functions that these pendants can perform include correct positioning of terminal units, delivery of medical gas medicines, and specialty and electrical services.

Over the last couple of years, the global medical pendant has continuously been rising with the increasing need for low-risk and safe workspace for the medical workforce. Moreover, the augmenting demand for medical pendant systems in operation theatres and intensive care units is escalating the market on the global platform.

Considering the phenomenal upsurges, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global medical pendant market will garner a value of USD 149.01 MN by 2023 registering a 7% CAGR throughout the forecast period (2017-2023).

Additional factors triggering the demand for medical pendants include the useful results achieved in the areas of surgery and endoscopy and technological advancements and innovations allowing medical systems to move on a press of a button. Also, factors such as the advancements in robotic technology and the increasing number of robotic surgeries are further influencing the market growth.

On the other hand, factors such as the high cost of medical pendant systems are impeding the growth of the market, restricting their uptake.

Global Medical Pendant Market – Segments

For ease of understanding, the MRFR analysis has been segmented into three key dynamics: –

By Product                         : Fixed Retractable Pendants, Fixed Pendants, Single Arm Movable Pendants, Double Multi-arm Movable Pendants, and Accessories among others.

By Application : Hospital and Clinics among others.

By Regions                         : North America, Europe, Asia Pacific, and the Rest-of-the-World

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Global Medical Pendant Market – Regional Analysis

The North American region heading with the presence of a large number of key players will retain its dominance over the global medical pendant market. Factors such as the presence of world-class healthcare infrastructure, superior healthcare practices, advanced facilities, and strict mandates from the regulating authorities drive the medical pendant market in the region. Also, increasing governmental support for the development of new pendants and RD activities required for the same are some of the factors propelling the growth in the regional market.

The region is a hub for technology and witnesses constant advancements which is a key reason why North America has improved access to technology that allows the region to have the upper hand in the market. Moreover, the availability to develop advanced technologies alongside the presence of well-established infrastructure that enables a suitable environment for the development as well as the early implementation of advanced technologies helps to increase the size of the market to an extent.

The medical pendant market in the European region is another lucrative market, globally.

The market is predominantly led by robust healthcare penetration and high per capita income in the region.

Besides, additional factors such as the increased funding and the support from the public private sectors for RD activities and the resurging economy in the region that is playing a vital role in growing consumers purchasing power are providing impetus to the growth of the regional market. Germany with its flourishing medical devices market dominates the regional market whereas, the UK medical pendant market accounts for the second-significant market in the region.

The Asia Pacific medical pendant market is rapidly emerging as a profitable market, globally. Factors such as the vast technological advancements and the high uptake of these advanced technologies foster the growth of the regional market. Some of the technologically sound countries such as India, China, South Korea, and Japan are innovating technologically advanced pendants which as a result is keeping the APAC at the forefront of the competition.

Global Medical Pendant Market – Competitive Analysis

Highly competitive, the medical pendant market appears to be fragmented due to the presence of many large and small-scale players. They make substantial investments in RD to develop advanced pendants. High growth opportunities that the market demonstrates are attracting several new entrants to the market, intensifying the competition further in the already fiercely competitive market.

These players also incorporate strategic initiatives such as collaboration, acquisition, expansion, partnership, and product technology launch to gain an edge over their competitors, maintaining their positions in the market.

Major Players:

Key players leading the global medical pendant market include Ondal Medical Systems GmbH, Skytron LLC, Megasan Medikal, MEDIMAXKOREA, Elektra Hellas S.A., Tedisel Medical, Starkstrom, Brandon Medical Co. Ltd., Surgiris, and BeaconMedæs among others.

Industry/ Innovation/ Related News:

September 17, 2018 —- New Scale Technologies, Inc. (the US), a leading global technology company involved in designing, developing, and manufacturing custom precision motion systems for medical and other markets announced that of its division – New Scale Robotics has received Universal Robots certification for its NSR-PG-10-20-UR Precision Parallel Gripper. Universal Robots certification confirms that the smart gripper is fully compatible with UR collaborative robots and meets all published specifications.

Teachable finger positions that can move to the desired positions and set using the UR teach pendant is one of the key features of the NSR-PG-10-20-UR precision parallel gripper. The gripper’s small size, high precision, and seamless integration ensure return on investment for our customers. The NSR-PG smart gripper is intended explicitly for small robots and small parts. Or the collaborative robots that intricate part handling, measurement, sorting, and assembly.

 

Medical document management systems Market 2027

  Medical document management systems are software with the capacity of storing, management, and retaining of patient documents. The changes in the healthcare sector, investments in healthcare IT, and inflow of patients are factors discussed in detail in the global medical document management systems market report by Market Research Future (MRFR). The COVID-19 pandemic and its impact on the market are explored as well.

Market Scope

The global medical document management systems market size is touted to expand at a momentous growth rate owing to the increasing volume of data to be acquired in the coming years. The large influx of patients, shift to electronic health records, and the prevalence of various diseases are all main factors driving market growth. Maintenance, continuous updates, and a bid to curb rising healthcare costs can fuel the market demand in the coming years.

Supportive government policies encouraging its use in the healthcare sector and a surge in interest has led to investments and fundraising in the industry. The motive to lower human errors in billing, regulatory compliance, and a sharp dip in reimbursement premiums can bode well for the market.

But lack of infrastructure, skilled personnel, and funds can hamper the market growth.

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Segmentation

The global medical document management systems market has been segmented by product, application, delivery model, and end-user.

By product, it is divided into services and solutions. Solutions are expected

By application, it is segmented into admission registration, billing records, medical records, and others. Medical records are predicted to garner huge revenues owing to its ability to being assist in diagnosis and preventive care of patients.

By delivery model, it is segmented into on-premise, cloud-based, and web-based.

By end-user, it is segmented into insurance agencies, healthcare providers, hospitals clinics, and nursing homes. The healthcare providers segment is expected to be one of the biggest end-users of the global medical document management systems market owing to its need to lower data entry errors. The lowering of revenue losses due to medical billing errors can support the segment growth over the forecast period.

Regional Analysis

Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RW) are regions covered with respect to the prospects of the global medical document management systems market.

North America is projected to be highly lucrative for the market owing to establishment of healthcare facilities, modernization of infrastructure, and shift to digital modes of record-keeping and maintenance. Healthcare insurance programs for the public such as Medicaid and Medicare, new coding standards for the medical industry, and insights gleaned from consumer data can drive the global medical document management systems market demand. Integration of analytics software to improve patient outcomes can fuel its demand.

APAC is touted to showcase a phenomenal growth rate during the forecast period due to a large patient pool and need for technology to lower the burden on healthcare staff. The boom in medical tourism, switch to electronic medical records, and subsidies for public welfare are incentives likely to work in favor of the market.

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Competition Outlook

Kofax Ltd., Toshiba Corporation, EPIC Systems Corporation, 3M Company, McKesson Corporation, Nextgen Healthcare Information Systems, LLC, Allscripts Healthcare Solutions Inc., Athena Health Inc., Hyland Software Inc., Siemens Medical Solutions USA Inc., GE Healthcare, and Cerner Corporation are prominent names in the global medical document management systems market.

 

Biosurgery Market Overview: Type and Applications, Trends, Industry Analysis & Forecast, 2018-2027

 Market Scope

Market Research Future (MRFR) anticipates the Biosurgery Market to attain a healthy CAGR around 7.0% from 2020 to 2027 (assessment period).

Growth Boosters and Deterrents

Major growth boosters in the biosurgery market include the escalating number of surgeries, especially in emerging countries such as Mexico, India, Brazil, and Japan. Soaring number of sports injuries, rising burden of obesity cases, and the surge in spinal issues worldwide have also raised the demand for biosurgeries. With manufacturers increasingly focusing on taking up exhaustive research and development initiatives to create cutting-edge and high performance biosurgery devices, the global market is deemed to witness strong growth in the following years. Moreover, innovations with respect to healthcare technologies and their rapid adoption by the industry should also underpin the market growth during the given period.

The global market will get further boost from the expanding elderly population, which is prone to a number of diseases related to gynaecology, urology and more. Moreover, the mounting preference for minimally invasive procedures in line with frequent technical innovations can also enhance the market size in the future. Canada and the US are witnessing a considerable increase in chronic disorders as sedentary lifestyles have become common. This scenario, in addition to rising government funds to improve the healthcare infrastructure, should work in favor of the global market in subsequent years.

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Although the demand could be negatively affected by the high prices of biosurgery products, the market could still chart a relentless growth trajectory considering the upgradations in the healthcare infrastructure across developing nations.

Market Segmentation

The market for biosurgery has been studied extensively in the MRFR report, while also outlining a few segments, namely product, source, and application.

The key products discussed in the report include hemostatic agents, bone graft substitutes, surgical sealants and adhesives, soft-tissue attachments, staple-line reinforcement agents and adhesion barriers. The market for bone-graft substitutes is the biggest, mainly due to the surging popularity of these products in spine and foot reconstruction surgeries and fractures. Accelerated cases of sports-related injuries along with lower back disorders also push the segmental growth.

The sources considered in the MRFR report are biological as well as natural products.

Some of the major applications are general surgery, neurological surgery, orthopedic surgery, cardiovascular surgery, gynecology surgery, thoracic surgery, urology surgery and reconstructive surgery. The dramatic growth in the number of sports-related wounds and injuries as well as age-related disorders have intensified the growth of the orthopedic surgery segment.

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Regional Analysis

The biosurgery industry can be geographically divided into APAC/Asia Pacific, Europe, MEA/Middle East Africa and the Americas.

With the biggest market size, America benefits from the rise in lifestyle disorders, and the surging count of obese individuals. The escalating number of age-related surgeries also bolster the market development rate in the region. in addition to that, exhaustive research development activities by eminent manufacturers for introducing superior quality biosurgery products enhances the market share in the United States. Trauma-related injuries are mounting rapidly in the region, as a result of which the need for biosurgical devices has soared as well. The American Association for the Surgery of Trauma estimates that trauma injuries claim more than 16,000 lives every year in the US.

Europe could emerge as the second highest gainer in the global market, backed primarily by the surge in government funding as well as support given to the healthcare industry. The German market for biosurgery is performing particularly well, due to the rising number of vigorous research and development activities.

Asia Pacific is the fastest developing market and should retain its growth pace on the back of the exploding population with high unmet medical requirements as well as the rapid economic surge. The biosurgery market in the region also profits from the lower costs associated with the surgeries and the countries in the region offering high-quality but cost-effective medical treatment. This factor is attracting patients from other countries from Europe and North America, leading to stunning growth of the medical tourism sector in the region. As a result, the biosurgery market should fare even better during the analysis period.

Leading Companies

Hemostasis, LLC, R. Bard, Johnson Johnson, MAQUET Holding B.V. Co. Kg. (Getinge Group), Cohera Medical Inc., Medtronic, PLC., Baxter International, Inc., Sanofi, Pfizer Inc., Stryker Corporation, Cryolife, Inc., Braun Melsungen AG, Commonwealth Serum Laboratories (CSL), Kuros Biosciences Ltd, Integra Lifesciences Holdings Corporation are the top biosurgery manufacturers in the worldwide market.

Several medical instruments manufacturers are striving to adopt the latest technologies while also focusing on commercialization their products to capitalize on the emerging trends in the biosurgery industry. Prominent vendors are acquiring other companies to consolidate their rankings in the global market.

For instance, in January 2021, Arch Therapeutics Inc., manufacturer of advanced self-assembling biosurgical and wound care devices, has given sales and distribution rights to Buffalo Supply Inc., which will leverage its marketing prowess to facilitate the distribution of Arch Therapeutics’ biosurgery-based devices in the US market. 

healthcare supply chain management market 2018-2027: Overview by Types, Application, Key Players, Regional Outlook, Market Drivers & Restraints

 According to Market Research Future (MRFR), the global healthcare supply chain management market is projected to register a CAGR 8.2% from 2018 to 2023 (forecast period). The report provides an exclusive insight into the effect of COVID-19 on the healthcare supply chain management market. The detailed review offers information on the effect of the outbreak on demand and supply conditions, trends, and projections of the healthcare supply chain management industry.

Supply-chain management is a process that includes the planning, design, execution, control, and monitoring of the movement of various products and services to create efficient logistics infrastructure, increase net value, synchronize demand and supply of goods to measure performance.

 

Market Dynamics

The key drivers of healthcare supply chain management are growing globalization, expanding industry, rapid product life cycle, growing fragmentation of the healthcare sector, the high economy of scale, and others. In addition, the need for vital life-saving devices and other critical healthcare supply chain management to avoid the spread of COVID-19 pandemic and provide optimal treatment for the infected also widens globally, thus boosting the market’s growth. The other factors responsible for market support are growing consumer demand, growing innovation, rising development capabilities, and others.

Nonetheless, factors such as lack of awareness, low innovation, high maintenance and installation costs, integration issues can limit the growth of the market.

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Market Segmentation

The global market for healthcare supply chain management has been segmented into models, functions, delivery mode, software, technology, and end-users.

Based on models, the global market for healthcare supply chain management has been segmented into build-to-order, make-to-stock model, continuous replenishment model, chain assembly, and others.

Based on function, the global market for healthcare supply chain management has been segmented into forecasting and planning, warehousing and distribution, inventory management and procurement, internal logistics, and operations, reverse and extended logistics, and others.

Based on delivery mode, the global market for healthcare supply chain management has been segmented into on-premise, web-based, and others.

Based on software, the global market for healthcare supply chain management has been segmented into planning tools and execution tools. The planning tools are further divided into forecasting and inventory management, supplier and vendor management, production and sales planning, and others. Execution tools are further divided into warehouse management, order processing, status tracking, and others.

By technology, the global market for healthcare supply chain management has been segmented into a barcode, radio frequency identification (RFID), global positioning system (GPS), internet of things and big data, and others.

Based on end-users, the global market for healthcare supply chain management has been segmented pharmaceutical and biotech companies, logistics companies and distributors, healthcare providers, and others.

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Regional Analysis

The global market for healthcare supply chain management has been segmented, by region, into the Americas, Asia Pacific, Europe, and the Middle East and Africa.

The Americas are anticipated to dominate the global market for healthcare supply chain management due to the advanced healthcare industry, the involvement of a large number of top biotech and pharmaceutical firms, government initiatives, growing technical advancements, and increasing demand for medical devices. In the International Trade Administration’s 2016 report, according to figures from the Government Accountability Office (GAO), the US generated nearly USD 45 billion by exporting medical devices in 2015. Exporting medical devices and raising a substantial amount of revenue help the management of the supply chain in the healthcare sector.

Europe is poised to hold the second-largest spot on the global healthcare supply chain management market. As per the European Commission, published in June 2017, Europe is one of the world’s leading exporters of pharmaceuticals and medicinal products. In 2016, Europe also accounted for EUR 144 billion by exports of pharmaceutical products worldwide. Improved imports and exports for related health products will expand the demand for health care supply chain management in the region.

The Asia Pacific is projected to be the fastest-growing region on the market due to the increasing prevalence of chronic diseases and increased demand for pharmaceutical products and medical devices. Increasing investment in the healthcare sector is also expected to accelerate the growth of this market.

The Middle East and Africa has the smallest share of the market. The healthcare supply chain management market in this region is projected to be dominated by the Middle East region due to the advanced healthcare industry and increasing government initiatives in the healthcare sector.

 

Key Players

The key participants identified by MRFR in the global healthcare supply chain management market are SAP (Germany), Infor (US), Oracle (US), GHX (US), TECSYS (Canada), McKesson (US), Manhattan Associates (US), Jump Technologies (US), JDA Software (US), LogiTag Systems (Israel), Advocate Health Care (Murray, UT), and others.

sterility testing market to Register Substantial Expansion by 2018 to 2027

 Market Synopsis

According to Market Research Future Reports (MRFR), the global rapid sterility testing market is estimated to hold a substantial value, growing at a CAGR of 13.4% during the assessment period. The increasing research and development and launch of an innovative product are estimated to drive the global rapid sterility testing market 2020. Further, increasing public-private investment is likely to expand the market. The growing awareness about rapid sterility testing is another important factor leading to the market rise. In addition, the growing prevalence of infectious diseases is projected to augment the market size. Also, perpetual development in technology is estimated to play an important role in market growth. Further, the increasing awareness and concerns regarding food safety are projected to grow the global rapid sterility testing market. The developments, such as providing accuracy, efficiency, and faster results, are likely to propel the market additionally. Moreover, they are cost-effective, and that is why it is gaining momentum.

However, the presence of the traditional method is projected to hamper market growth during the review period. Also, the market is estimated to show a variation due to the outbreak of COVID-19. We will provide an impact analysis report on COVID-19.

 

Market Segmentation

The global market for rapid sterility can be segmented on the grounds of application, product, technology, and region.

On the grounds of application, the global market for rapid sterility can be classified into medical device manufacturing, pharmaceutical and biological manufacturing, and other end users.

On the grounds of product, the global market for rapid sterility can be classified into instruments, kits reagents, and services.

On the basis of technology, the global market for rapid sterility can be classified into ATP bioluminescence, membrane filtration, and other technologies.

On the grounds of the region, the global market for rapid sterility can be classified into the Americas, Europe, Asia-Pacific, and the Middle East Africa.

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Regional Analysis

The worldwide market for rapid sterility is estimated to develop during the assessment period. Regions such as the Americas, Europe, Asia-Pacific, and the Middle East Africa have been evaluated thoroughly. As per the study, the global market is estimated to be dominated by North America. The presence of established players in the region, along with the growing research and development expenses, is likely to be the most important factor developing the regional market. Further, countries such as the US and Canada have allotted a sufficient budget for the expansion of the healthcare industry. Europe is estimated to acquire the second position. The most substantial factor responsible for market growth is the rapid development of the medical device industry and pharmaceutical. On the other hand, the APAC region is estimated to be the fastest-growing region owing to the existence of advancing countries such as India, China, and Japan, Further, these regions have been experiencing an increase in the adoption of these products.

On the other hand, the MEA region is estimated to acquire the least position in the worldwide market for rapid sterility owing to the underdeveloped countries.

It is to be noted here that the explosion of COVID-19 is estimated to bring a slight variation in the regional market.

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Market Synopsis

According to Market Research Future Reports (MRFR), the global rapid sterility testing market is estimated to hold a substantial value, growing at a CAGR of 13.4% during the assessment period. The increasing research and development and launch of an innovative product are estimated to drive the global rapid sterility testing market 2020. Further, increasing public-private investment is likely to expand the market. The growing awareness about rapid sterility testing is another important factor leading to the market rise. In addition, the growing prevalence of infectious diseases is projected to augment the market size. Also, perpetual development in technology is estimated to play an important role in market growth. Further, the increasing awareness and concerns regarding food safety are projected to grow the global rapid sterility testing market. The developments, such as providing accuracy, efficiency, and faster results, are likely to propel the market additionally. Moreover, they are cost-effective, and that is why it is gaining momentum.

However, the presence of the traditional method is projected to hamper market growth during the review period. Also, the market is estimated to show a variation due to the outbreak of COVID-19. We will provide an impact analysis report on COVID-19.

 

Market Segmentation

The global market for rapid sterility can be segmented on the grounds of application, product, technology, and region.

On the grounds of application, the global market for rapid sterility can be classified into medical device manufacturing, pharmaceutical and biological manufacturing, and other end users.

On the grounds of product, the global market for rapid sterility can be classified into instruments, kits reagents, and services.

On the basis of technology, the global market for rapid sterility can be classified into ATP bioluminescence, membrane filtration, and other technologies.

On the grounds of the region, the global market for rapid sterility can be classified into the Americas, Europe, Asia-Pacific, and the Middle East Africa.

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Regional Analysis

The worldwide market for rapid sterility is estimated to develop during the assessment period. Regions such as the Americas, Europe, Asia-Pacific, and the Middle East Africa have been evaluated thoroughly. As per the study, the global market is estimated to be dominated by North America. The presence of established players in the region, along with the growing research and development expenses, is likely to be the most important factor developing the regional market. Further, countries such as the US and Canada have allotted a sufficient budget for the expansion of the healthcare industry. Europe is estimated to acquire the second position. The most substantial factor responsible for market growth is the rapid development of the medical device industry and pharmaceutical. On the other hand, the APAC region is estimated to be the fastest-growing region owing to the existence of advancing countries such as India, China, and Japan, Further, these regions have been experiencing an increase in the adoption of these products.

On the other hand, the MEA region is estimated to acquire the least position in the worldwide market for rapid sterility owing to the underdeveloped countries.

It is to be noted here that the explosion of COVID-19 is estimated to bring a slight variation in the regional market.

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Key Players

The eminent players of the global market for rapid sterility are Merck KGaA (Germany), Rapid Micro Biosystems, Inc. (the US), Gibraltar Laboratories (US),  Becton, Dickinson, and Company (US), bioMérieux (France), Eurofins Scientific (Luxembourg), FOCUS Laboratories (US), Sartorius AG (Germany), Thermo Fisher Scientific (US), Charles River Laboratories, Inc. (US), and a few others.

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Key Players

The eminent players of the global market for rapid sterility are Merck KGaA (Germany), Rapid Micro Biosystems, Inc. (the US), Gibraltar Laboratories (US),  Becton, Dickinson, and Company (US), bioMérieux (France), Eurofins Scientific (Luxembourg), FOCUS Laboratories (US), Sartorius AG (Germany), Thermo Fisher Scientific (US), Charles River Laboratories, Inc. (US), and a few others.

global cancer biomarker market : Opportunities, Demand and Forecasts, 2019 – 2027

 Overview:

 

The global cancer biomarker market is making significant progress and is expected to register a CAGR of 15.8% during the forecast period of 2018 to 2023. Market Research Future (MRFR) studied various cancer biomarkers market trends to understand various dynamics that can impact the growth of the market.

 

Drivers Restraints:

 

The global market for cancer biomarkers is expected to boost from the rising investment in research and development projects that are constantly trying to launch better products and improve the accuracy level. Both governments and private bodies are spending substantial amounts to back the market to get hold of better quality clinical cancer biomarkers. This market is getting impacted a lot by an unhealthy lifestyle as the latter triggers chances of developing the disease. Also, the expanding cancer tumor profiling market is expected to boost the global market. FDA is also showing significant interest in providing tailwinds.

 

However, the market is still expected to get dampened by the fact that these biomarkers often display a low-level of the outcome. This muddles the chances of getting good reimbursement policies, which forces people with not so sound financial background to opt-out.

 

Segmentation:

 

The global report on the cancer biomarker market has been segmented into types, applications and end users. These segments have data that have been fetched by analysts and studied on the basis of factors, drivers, figures, graphs, and charts, which make them more reliable.

 

By types, the report on the cancer biomarker market discusses segments like genetic biomarker, protein biomarker, and others.

 

By application, the study containing details of the cancer biomarker market has been segmented into prognostic, diagnostic, and therapeutic. The diagnostic segment includes imaging and non- Imaging. The imaging segment is slated to grow substantially due to the rising demand for better diagnosis and treatment.

 

By end users, the global cancer biomarker market has been studied on the basis of segments, including diagnostic tool companies, healthcare it/big data companies, pharmaceutical and biotechnology companies, and clinical laboratories.

 

Regional Analysis:

 

The Americas leads the global market in terms of both volume and value. This is due to the infrastructural superiority, inclusion of top-end technologies, continuous influx of investment, awareness among people, government initiatives, private interests, and others. Research-related activities are flourishing in countries like the US and Canada. In Europe, the market will grow with government support. However, the market is not expected to be deterred much by the ongoing COVID-19 crisis.

 

Competitive Landscape:

 

Becton Dickinson (U.S.), F. Hoffmann-La Roche AG (Switzerland), Bristol-Myers Squibb (U.S.), Bio-Rad Laboratories (U.S.), PerkinElmer, Inc. (U.S.), Merck Co., Inc. (U.S.), Pfizer Inc. (U.S.), Abbott Laboratories (U.S.), Novartis AG (Switzerland), Thermo Fisher Scientific Inc. (U.S.), GlaxoSmithKline plc. (U.S.), QIAGEN N.V (U.S.), Eli Lilly and Company (U.S.), Illumina Inc. (U.S.), and others are expected to play crucial roles in taking the global cancer biomarker market forward. These companies deploy measures, including innovations, product launch, branding, collaboration, heightened research investment, merger, and acquisition, among others. MRFR tracks these moves to understand the impact of these players and how much they are getting inspired by trends. This helps in gauging the market prospect.

 

Industry News:

 

In June 2020, researchers from PureTech revealed that therapies targeting galectin-9 are helping in the impediment of tumors. The report also includes galectin-9 as a major biomarker that can help in segmenting patients.

 

In June 2020, ARTIDIS AG announced that its nanotechnology platform for cancer diagnosis reached the primary endpoint in the “NANO” clinical study. It was designed to provide studies on nanomechanical biomarkers and evaluate breast biopsies.

 

Cancer Biomarker Market Research Report: By Types (Protein Biomarker, Genetic Biomarker), By Applications (Diagnostic, Prognostic, Therapeutic), By End Users (Pharmaceutical and Biotechnology Companies, Diagnostic Companies) – Forecast till 2023

Cancer biomarkers biochemical entities that are released during the presence of a tumor, indicating the presence of cancer in the body. Targeting biomarkers in cancer treatment are becoming a standard in the era of precision medicine. Market Research Future (MRFR) has thoroughly studied the trends and patterns in the global Cancer Biomarker Market over the forecast period of 2017-2023 in a detailed study. MRFR asserted that the cancer biomarker is likely to strike a CAGR of 15.8% over the forecast period.

 

The increasing burden of oncological disorders has resulted in the move towards early detection and preventive approach towards cancer. Extensive research is being carried out to further understand the role of biomarkers and come up with new biomarkers to predict treatment effectiveness and treatment activity in various oncology disorders. This coupled with massive investment by both public, and private entities have augmented the growth of the cancer biomarker market. The growing popularity of personalized medicine is a key factor in enhancing the growth of the cancer biomarker market. Personalized medicine hinges on biomarkers in extracting information that is relevant for diagnosis, prognosis, and therapy and is core to the personalized medicine field. Biomarker-driven approach can accelerate the drug development process in cancer, and various pharmaceutical companies are outlaying massive investments in RD activities which are expected to augment the growth of the market over the forecast period. Furthermore, cancer biomarkers are an area of active research of the US FDA. Recent years have witnessed the approval of various cancer biomarkers and has paved the way for the expansion of the cancer biomarker market.

 

On the contrary, low benefit-cost ratio associated with the development of cancer biomarkers is likely to restrain the growth of the global cancer biomarker market.

 

Segmentation

The global cancer biomarker market has been segmented based on type, application, and end user.

 

By type, the cancer biomarker market has been segmented into protein biomarker, genetic biomarker, and others.

 

By application, the cancer biomarker market has been segmented into diagnostic, prognostic and therapeutic. The diagnostic segment has been further segmented into imaging and non- Imaging.

 

By end user, the cancer biomarker market has been segmented into pharmaceutical and biotechnology companies, diagnostic tool companies, healthcare it/big data companies, clinical laboratories

 

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Regional Analysis

By region, the cancer biomarker market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East Africa (MEA).

 

The Americas account for the largest share of the cancer biomarker market. The high incidence rate of cancer and rapid advances in the cancer biomarker arena to come up with new drugs and effective therapies is supporting the growth of the market.

 

The Europe market is driven by rigorous clinical trials and government funding for the same.

 

The influx of investment for RD by both public and private sector is driving the growth of the APAC cancer biomarker market. In addition, increasing prevalence of cancer has evoked extensive RD activities for the development of new therapies and drugs.

 

MRFR projects relatively slow growth in the MEA cancer biomarker market. Low penetration of advanced diagnostics and treatment facilities and lack of awareness hinders the growth of the market.

 

Competitive Landscape

1. Hoffmann-La Roche AG (Switzerland), PerkinElmer, Inc. (U.S.), Bristol-Myers Squibb (U.S.), Novartis AG (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories (U.S.), Merck Co., Inc. (U.S.), Becton Dickinson (U.S.), Abbott Laboratories (U.S.), Pfizer Inc. (U.S.), QIAGEN N.V (U.S.), GlaxoSmithKline Plc. (U.S.), Illumina Inc. (U.S.),andEli Lilly and Company (U.S.) are the distinguished players in the cancer biomarker market.

 

Industry Updates

April 2019 – Scientists at the University of Southern California, US, are researching the presence of polymorphisms, specific genes known for detecting the presence of cancerous cells. The success of these findings can culminate in the use of these markers for detecting colorectal cancer at a preventive stage.

 

biohackers market Segmentation, Dynamics, Market Size, Supply & Demand, Competition & Companies, Drivers, Restraints and Technology

 Overview:

Biohacking is a treatment where drugs and implants are used in enhancing cognitive functions both externally and internally, to sharpen cognition, memory, or creativity. It is similar to various nootropic drugs that can be used to develop intelligence and focus. The global biohackers market is expecting a strong growth in the coming years where the CAGR can clock 19.42% during the forecast period of 2017 to 2023. Market Research Future (MRFR) considers the growing use of RFID technology, integration of internet of things (IoT), increasing inclusion of fitness and consumer electronics, and others can influence the market growth. However, the lack of security can also trigger adverse results. The implants can be hacked, which can create problems. However, other factors like rising geriatric population, and the will to counter chronic diseases are expected to push the market growth in the coming years.

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Segmentation:

The global biohacking market, as conducted in the report by MRFR, has been segmented on the basis of type, application, product, and end-user. This segmentation has a better hold on various factors that can impress the market in the coming days. Such factorial details are also backed up by various volume-wise and value-specific analysis.

Type-wise segmentation leads to a segmentation of the biohacking market into outside and inside biohacking. The outside biohacking can surpass a valuation of USD 16,142.38 million by 2023 with the fastest possible CAGR of 19.72%.

Product-based segmentation of the global market for biohacking includes sensors, smart drugs, strains, and others. The smart drug segment has a possibility of reaching a valuation of USD 11,980.71 million in 2023, and it could achieve a CAGR of 19.88% over the review period.

By applications, the market comprises genetic engineering, drug testing, synthetic biology, diagnosis treatment, forensic science, and others. The synthetic biology segment has the potential to surpass USD 3,255.75 million and clock a CAGR of 19.81% over the review period.

By end-users, the market spans across forensic laboratories, pharmaceutical biotechnology companies, and others. The pharmaceutical biotechnology companies segment has the potential of crossing a valuation of USD 13,882.08 million by 2023.

Regional Analysis:

The region-specific analysis of the biohacking market places the Americas and Europe at the top. The Americas has the potential to surpass a market valuation of USD 10,573.53 million by 2023 and it would maintain its top position. The presence of biotechnologies and synthetic biology companies would substantiate the leap. Growing awareness among the younger generation can also be counted as a major driving factor for the market.

The APAC region can grow with the fastest CAGR of 19.91% over the assessment period where the possibility of banking on China, India, Japan is getting higher with new strategic moves. The revamping healthcare sector and growing investment in it are also expected to make substantial market move.

Competitive Landscape:

The global market for biohacking is showing immense potential owing to the participation shown by several companies. These companies are investing substantially to trigger growth in the market as their investments are directed towards various market strategies like merger, innovation, branding, marketing, acquisition, and others. These companies have been reported and profiled by MRFR for a better understanding of the coming years. These companies are Synbiota (Canada), Thync Global Inc. (U.S.), HVMN, Inc. (U.S.), Apple (U.S.), THE ODIN (U.S.), MoodMetric (U.S.), and Fitbit, Inc. (U.S.).

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Industry News:

In September 2019, an international biohacker company declared that they are about to make a cheaper version of a gene therapy that would considerably lower the price in the market and would assist in the better reaching of the medicine to various patients. The medicine in question is Glybera that can be used for inherited diseases and per treatment costs USD 1 million. The drug is first-of-its-kind.

Diabetes Drugs Market Expected To Reach At A Highest Growth During Forecast Period

 Segmental Analysis

The segmentation of the Diabetes Drugs 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.

Market Highlights

Diabetes is one of the major problem across the globe. Diabetes is the metabolic disorder in which there is decrease in the level of insulin which ultimately causes increase in the blood sugar level. Global diabetic drug market is driven because of increasing diabetic population. Beside this governmental initiatives for research and development and rising demand for the better treatment has help in the growth of the market. Lack of awareness and high cost of drugs may responsible for restraining the market.

The major key player for the global diabetic drugs market are Eli Lilly (US), Novo Nordisk (Denmark), Abbott (US), AstraZeneca (UK), Biocon (US), Sunpharma (India), Sanofi (France), Novartis (Switzerland), Merck Co. (US), Pfizer (US), Daiichi Sankyo (Japan), Boehringer Ingelheim (Germany), Akros Pharma (US), Amgen (US), Adocia (France), Peptron (South Korea), Takeda (Japan)

Increasing diabetic population is fueling the growth of the market. Global diabetic drug market is highly competitive market due to presence of many of small and medium companies. Companies are concentrating on introduction of the new drugs having better results.

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Eli Lilly and Company is an US headquartered pharmaceutical companies. Many anti diabetic drugs are available in the market Basaglar, Glucagon, Glyxambi, Humalog, Humulin and Trulicity are some of the major products of this company. Trulicity is one of the most successful product of the company. Trulicity revenue in 2016 was increased by 7 %. In 2016, Synjardy has approved by FDA for the treatment of type 2 diabetes.

Novartis is a multinational pharmaceutical company headquartered in Denmark. Victoza, Tresiba, Levemir and NovoLog are some of the major products of the company. Company has recently launched Fiasp which is a fast acting insulin. In Q1 2017 the total sale of company for Diabetes and obesity care was 23,761 million Danish kroner.

Abbott Laboratories is one of the leading pharmaceutical company headquartered in US. Thyrocab, Mixtard and Human Actrapid are the major products of the company used in the treatment of type-2 diabetes. Mixtard an antidiabetic drug is the most selling drug in India.

AstraZeneca is the Swedish multinational pharmaceutical company headquartered in UK. Farxiga and Augmentin are the important productof the company. The companies diabetic product sale in 2016 was $ 2.4 billion which was increased by 11 % compare to 2015. Farxiga’s sale was increased by 72 % and on 2016 it hit 5 million.

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Segmentation:

Global diabetic drug treatment is segmented on the basis of type of diabetes into type-1 and type-2. On the basis of route of administration they are segmented into oral, intravenous and other. On the basis of drug class they are insulin, sensitizers, SGLT-2 inhibitors, alpha-glucosidase inhibitors, secretagogues, peptide analogs and others and on the basis of end users they are segmented into hospital, retail pharmacy and other.

On the basis of drug class, Sensitizers are sub segmented into thiazolidinediones and biguanides. Secretagogues are further sub segmented into sulfonylureas and non-sulfonylureas

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

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.

In dysfunctional uterine bleeding Market to Incur Rapid Extension During 2017-2027

 Market Highlights

According to the American Society for Reproductive Medicine, dysfunctional uterine bleeding is most common during puberty and menopause. It can also can occur at any time in women due to hormonal imbalance. Polycystic ovary syndrome (PCOS), endometriosis, uterine polyps, uterine fibroids, Sexually Transmitted Diseases (STDS) are common causes of dysfunctional uterine bleeding. It can be diagnosed by performing an endometrial biopsy or blood tests.

The rising prevalence of uterine disorders such as endometrial cancer among women, availability of reliable diagnostic tests, and overall demand for new treatment for uterine bleeding drive the market growth.  Increasing number of awareness drives and campaigns regarding cancer among women further influence the market growth.

The global dysfunctional uterine bleeding market is expected to grow at a CAGR of 8.2% during the forecast period.

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 “Dysfunctional uterine bleeding market research report–Global forecast till 2023.”

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Major Players in Dysfunctional uterine bleeding Market:

Some of the key players in the global market are B. Braun Melsungen AG (Germany), Hologic Inc. (U.S.), Karl Storz Gmbh Co. KG (Germany), Medgyn Products, Inc., Olympus (Japan), Richard Wolf GmbH (Germany), Stryker (U.S.), Xion Medical GmbH (Germany), Cadila Pharmaceuticals Ltd. (India), Torrent Phamraceuticals (India).

Regional Analysis

America is the largest market for dysfunctional uterine bleeding market owing to the rising prevalence of uterine cancer and other uterine disorders among women. According to the American Cancer Institute, about 61,380 new cases of uterine cancer will be diagnosed in 2017 and 8% of the urine cancers are sarcomas.

Europe is the second largest market owing to an increasing demand for diagnosis and treatment measures for uterine cancer, fibroids and other disorder, and increasing emphasis on women healthcare. Additionally, availability of funds for research and development activities accelerates the market growth in the European countries.

The market in Asia Pacific is expected to grow at the fastest pace and is driven by the increasing prevalence of menstrual disorders, and sexually transmitted diseases (STI) among women in developing nations. Furthermore, increasing awareness about STI and preventive measures to be taken also influences the market growth.

The Middle East Africa also show a steady rise in the market owing to increasing focus on women and child health, and need of primary care services in developing regions.

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Segmentation

The global dysfunctional uterine bleeding market is segmented on the basis of type, diagnosis, treatment, and end user.

On the basis of type, market is segmented into ovulatory, and anovulatory.

On the basis of diagnosis, the market is segmented into hysteroscopy, ultrasonography, dilation and curettage, endometrial biopsy, and others.

On the basis of treatment, the market is segmented into pharmacologic treatment, hysterectomy, endometrial ablation, and others. The pharmacologic treatment includes oral contraceptives, estrogen, progestins, desmopressin and others.

On the basis of end user, the market is segmented into hospitals, clinics, diagnostic centers, pharmaceutical companies, and others.

Global Human rotavirus vaccine Market Playing for Significant Growth During 2017 – 2027

 Global Human rotavirus vaccine Market – Overview

Rotavirus vaccine is used to protect against rotavirus infections which cause severe diarrhoea among young children. Symptoms of rotavirus infection include severe diarrhoea, vomiting, fever, and abdominal pain which can result in disease. The global human rotavirus vaccine market is expected to reach US$ 12.3 billion by 2023, and the market is projected to grow at a CAGR of ~ 11.2 % during the forecast period 2017-2023. The major factors influencing the growth of the market include increasing government initiatives and funding for research and development, increasing biopharmaceutical and biotechnology industries, increasing incidence of various diseases in childrens, and growing government focus on prevention of diseases. According to the study by National Center for Biotechnology Information, in 2015 rotavirus related diarrhoea was responsible for killing about 600,000 children. According to the same study it was also been found that more than 80% of all rotavirus-related deaths occurred in in South Asia and sub-Saharan Africa. Across the globe, rotavirus-related deaths denote for approximately 5% of the deaths in children more than 5 years of age. Most of the children are infected with rotavirus at least once by the age of five across the globe. Initiatives have been taken by the World Health Organization (WHO) and has suggested that rotavirus vaccine to be included in national routine vaccinations programs. The consumptions of these vaccines would be responsible to prevent 15 to 34% of severe diarrhoea in the developing countries and 37 to 96% of severe diarrhoea in the developed nations. The results of these vaccines were to be seen in Mexico. According to World Health Organization (WHO) a decline of up to 50% in diarrhoeal deaths in children less than 5 years of age was attributed directly to the use of the vaccine in the country. The development of these vaccines is significantly impacting and showing positive results, due to which there is huge demand of these vaccines and positively impacting the growth of the market. Moreover there is a huge opportunity in developing countries that is grabbed by various market players for expanding their presence in the region. The market is forecasted to demonstrate a double digit growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017 – 2023.

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Global Human rotavirus vaccine Market – Competitive Analysis

There are majorly three pharmaceutical companies licensed for rotavirus vaccines, Rotarix that is manufactured by GlaxoSmithKline Biologicals and RotaTeq manufactured by Merck Co. Inc., a U.S. based company challenging these two major companies an Indian pharmaceutical company Bharat Biotech launched the lowest price rotavirus vaccine named Rotavac. There are various companies are seeking interest in manufacturing of these vaccine due low presence of manufacturers. New necessities for the development, manufacturing and licensure of new vaccine candidates have caused a marked rise in manufacturers’ investment costs. To compensate these investments in research and development and engender profits while the manufacturer monopolizes the market.

The company GlaxoSmithKline has offered to deliver this vaccine at price of US$ 2.50 every dose, which creates a 67% decrease over the lowest public price now available. Merck Co. Inc. has offered to deliver the vaccine at price of US$ 3.5 every dose once the volume of purchase reaches 30 million doses. Although in 2011 there Indian company Bharat Biotech, announced the cost of its vaccine challenging GSK, Merck in the market. With its product Rotavac vaccine, the company quoted the lowest price i.e. 60 rupees that is less than 1$ for three doses of rotavirus vaccine.

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The successful launch of this products by Bharat Biotech brought an end to the products research and development since 1985. The company with the help of various institutes like PATH, NIH, CDC and the Stanford University School of Medicine made it possible for the successfully launch of the product. In 2015 the company raised a fund of about $20 million for constructing new facilities and supporting infrastructure at its Genome Valley plant. With this development in its infrastructure the company is expected to generate a capacity of 300 million doses every year. Due to this developments the company lead the market in India and gradually across the world.
Bharat Biotech (India), Merck Co., Inc. (U.S.), GlaxoSmithKline plc. (Belgium), are the prominent players at the forefront of competition in the Global Human rotavirus vaccine Market and are profiled in MRFR Analysis.

Expansion of Global Perfusion Imaging Market to Remain Consistent During 2017-2027

 Market Highlights

The Global Perfusion Imaging Market is expected to register a CAGR of 6.34% during the forecast period, with a market value of USD 5,404.31 Million in 2018. Mortuaries are places where corpses are preserved and stored for autopsies or educational and research purposes. Many equipment is used in mortuaries for preservation and for storing the cadavers for research and education.

Perfusion imaging is a non-invasive imaging test that shows how the blood flows through the organs or tissues. This test is used for the diagnosis of various chronic disorders. Growing prevalence of cardiovascular neurological diseases and increasing geriatric population are driving the growth of the global perfusion imaging market. For instance, as per the American Heart Association Statistics Committee and Stroke Statistics Subcommittee, in 2017, every year about 795,000 people in the US have a stroke in which about 610,000 of them are first, or new strokes and185,000 are recurrent strokes. Moreover, advancements in technology are further fueling market growth.

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Segment Analysis

The global perfusion imaging market, by modality, has been segmented into computed tomography (CT) scan, magnetic resonance imaging (MRI) and nuclear medicine. The computed tomography (CT) scan segment accounted for a value of USD 2,976.75 million in 2018. On the basis of application, the global perfusion imaging market is segmented into myocardial perfusion imaging, ventilation perfusion imaging, functional brain imaging, and others.

Key Players

Market Research Future (MRFR) recognizes the following companies as key players in the global perfusion imaging market that include General Electric Company (US), Siemens (Germany), Medtronic (Ireland), Canon Medical Systems Corporation (Japan), Bracco Diagnostic, Inc. (Italy), Koninklijke Philips NV (Netherlands), Neusoft Corporation (China), lantheus Medical Imaging, Inc. (US), Shimadzu Corporation (Japan), Aetna (US), Perimed (US), Advantis Medical Imaging (Netherland), and others.

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Regional Analysis

The global perfusion imaging market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East Africa.

The Americas is expected to hold the largest share of the global perfusion imaging market. This is owing to the increasing incidence rate of cardiovascular diseases, brain tumors, and tumor-related angiogenesis, among others, in the region. Europe showed a considerable amount of growth in the market due to the growing prevalence of neurological disorders. Asia-Pacific is estimated to be the fastest growing region in the global market due to the large geriatric population and the presence of rapidly developing economies such as China, India, and South Korea. Australia held a share of 11.2% in the Asia-Pacific perfusion imaging market in 2018. Also, the market in the Middle East Africa is expected to steadily grow owing to the increasing awareness about diseases in the region.

Key Findings of the Study

• The Global Perfusion Imaging Market is projected to reach USD 7,745.57 Million by 2024 at a CAGR of 6.34% during the review period from 2019 to 2024.
• The Americas accounted for the largest share of the global market due to the rising prevalence of cardiovascular and neurological diseases in the region.
• The computed tomography (CT) scan segment accounted for the largest modality segment, with a revenue of USD 2,976.75 million in 2018.

Global Tracheostomy Products Market Size, Share, Growing Growth Opportunities, Driving Factors With Top Players2027

 Market Highlights

 

The Global Tracheostomy Products Market is estimated to be valued at USD 203,080.97 Thousand by 2024 and is projected to register a CAGR of 3.50% during the forecast period.

 

Tracheostomy is a surgical procedure to treat breathing-related diseases where a stoma (hole) is created via the neck into the trachea (windpipe). Generally, tracheostomy is performed when the route of breathing is blocked or impaired, to provide an air passage to help to breathe. Tracheostomy is needed when the long-term use of ventilators is required for artificial breathing, but in some instances, emergency tracheotomy is also performed. There are generally two types of tracheostomies, namely, surgical tracheostomy and minimally invasive tracheostomy. In both types, the stoma can be surgically closed once the tracheostomy is no longer needed.

 

The high prevalence of respiratory disorders and favorable reimbursement policy are anticipated to drive the market growth. However, a product recall is projected to hamper the market growth.

 

Segment Analysis

 

The global tracheostomy products market has been segmented on the basis of product type, material and end user, and region. On the basis of product type, the market has been divided into tracheostomy tubes, tracheostomy clean care kits, cannula, and other accessories. Furthermore, tracheostomy tubes segment has been sub-segmented into adult tracheostomy tube and pediatric tracheostomy tube. On the basis of material, the tracheostomy products market has been divided into polyvinyl chloride, silicone, and others. On the basis of end user, the tracheostomy products market has been divided into hospitals and clinics, ambulatory surgery centers, and others.

 

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Market Players

 

Market Research Future (MRFR) recognizes Medtronic Plc (Dublin, Ireland), Troge Medical GmbH (Germany), Smiths Group PLC (United Kingdom), Teleflex Incorporated (US), Cook (US), Fisher Paykel Healthcare Limited (New Zealand), Fuji Systems Corp (Japan), Stening SRL (Argentina), Henan Tuoren Medical Device Co., Ltd (China), and TRACOE medical GmbH (Germany) as the key players in the global tracheostomy products market.

 

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Regional Analysis

 

The global tracheostomy products market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

 

The Americas is expected to hold the largest share of the global tracheostomy products market. This is owing to the presence of key market players, favorable reimbursement policy, and the high prevalence of respiratory disorders in the US and Canada.

 

Europe market demonstrated substantial growth in the market due to well-developed healthcare infrastructure and growing geriatric population coupled with rising cases of respiratory disorder. In the UK, around 585,000 diagnosed with respiratory disease annually. Similarly, in the UK, about 700,000 were hospitalized due to respiratory disease annually.

 

Asia-Pacific is estimated to be the fastest growing region in the global tracheostomy products market due to the presence of a huge patient population and an increasing number of hospitals. According to a report published by the Indian Central Bureau of Health Intelligence, in March 2017, there were around 23,582 government hospitals in the county, of which 19,810 were located in rural areas and 3,772 in urban areas.

 

Also, the tracheostomy products market in the Middle East and Africa region is likely to exhibit the lowest growth due to factors such as limited access to and availability of treatment facilities.

 

Key Findings of the Study

 

• The Global Tracheostomy Products Market was valued at USD 165,206.50 thousand in 2018, is estimated to grow at USD 203,080.97 Thousand by 2024 at a CAGR of 3.50% during the assessment period
• The Americas accounted for the largest share of the global market due to the presence of key market players and an increasing patient population in the US and Canada
• Based on product type, the tracheostomy tubes segment accounted for the largest market share of 69% in 2018
• Based on material, the silicone segment held a major market value of USD 80,883.13 thousand in 2018
• On the basis of end user, the hospitals and clinics segment dominated the market and projected to register the highest CAGR of 3.64% during the forecast period