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Market Highlights:
The Global Smokeless
Tobacco Treatment Market trends is expected to grow at an approximate CAGR
of 6.8% during forecast period, 2018–2023.
Smokeless tobacco is a type of tobacco that is not smoked or
burned. Like the tobacco that is smoked, smokeless tobacco is reported to cause
cancer and develops addiction in the users. This tobacco is generally chewed
and can be available as moist snuff, and dissolvable tobacco. Factors such as
increasing adoption of nicotine patch, growing FDA drug approvals against
smokeless tobacco, strong clinical pipeline, and rising consumption of
smokeless tobacco drives the market growth. However, limited availability of
the products, changing regulatory framework and lack of awareness for smokeless
tobacco treatments restraints the market growth during the forecast period.
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Key Players:
Some of the key players in the global smokeless tobacco treatment market
are Pfizer Inc., GlaxoSmithKline plc., Johnson & Johnson Services Inc.,
Novartis, Cigna, Yesmoke, Habitrol, Perrigo Co. Plc., Cambrex Corporation,
Fertin Pharma, Veracyte, Inc. and others.
Segmentation:
The Global Smokeless Tobacco Treatment Market is segmented based on type,
treatment, end user and region.
The Global Smokeless Tobacco Treatment Market, by type is
segmented into chewing tobacco, snuff/dipping tobacco, dissolvable tobacco. The
market by treatment segment is divided into nicotine replacement therapy,
medication, and psychological and behavioral treatments. Based on end-user, the
market is segmented into hospitals & clinics, academic & research organizations,
and pharmacies
In the current scope of the study, the above-mentioned
segments are covered into the four global regions, namely- the Americas,
Europe, Asia-Pacific and the Middle East & African region.
Regional Analysis:
The Americas dominated the global market for smokeless tobacco treatment.
This can be attributed due to increasing therapeutics demands for smokeless
tobacco related diseases and presence of major market players within the
region. Europe stood second in 2017 owing to high consumption of smokeless
tobacco within the region and changing lifestyle changes. Moreover, the
presence of developed economies like UK, Germany, France, and others within the
region provides a driving force for the market to grow. Asia Pacific was
projected to be the fastest growing region in 2017. Factors such as growing
healthcare sector, increasing penetration of the market players within the
region, and increasing government’s support for foreign investments drives the
regional markets of the Asia Pacific region. On the other hand, the Middle East
and Africa held least share in the global smokeless tobacco treatment market
due to the presence of poor economies and low per capita income, especially
within the African region. The Middle Eastern region is estimated to be a major
market for the Middle East and African region.
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Bone growth stimulators are devices which promote bone health
in situations of critical fractures. These devices can use electric current to
expedite the healing process. The global bone growth stimulator market report
by Market Research Future (MRFR) comprises analysis of latest trends in bone
repair, patents of latest devices, and market dynamics for the period of 2018
to 2023 (forecast period). The impact of the COVID-19 pandemic and its effects
are also included in the report.
Market Scope
The global bone
growth stimulator market growth is expected to grow significantly over the
forecast period. The market held a market value of USD 1,213 million in 2017
and is projected to grow at a CAGR of 5.86% over the forecast period.
Preference of electric bone stimulation in lieu of surgeries can drive the
market growth. According to clinical trials conducted by the Cedars-Sinai
Hospital, electric bone growth stimulators can expedite the healing process in
ankle fractures. Success of these trials can pave the path for the global bone
growth stimulator market.
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Competition
Depuy Synthes, Harvest Technologies, Orthofix International
N.V., Stryker Corporation, Isto Biologics, DJO Finance LLC, Zimmer Biomet
Holdings, Inc., Arthrex, Inc., Bioventus LLC, and Medtronic PLC are key players of the global bone
growth stimulator market.
Segmentation
The global bone growth stimulator market has been segmented by
product, application, and end user.
By product, the market has been segmented into platelet-rich
plasma, bone growth stimulation devices, bone morphogenetic proteins, and
others. The bone growth stimulation devices segment is further segmented into
ultrasonic bone growth stimulators, external bone growth stimulators, and
implanted bone growth stimulators. Among the product segment, bone growth stimulation
devices are expected to account for the largest share in the global bone growth
stimulator market in 2017. This is majorly attributed to the wider acceptance
of the devices and better patient compliance.
On the basis of application, the market has been segmented
into oral and maxillofacial surgeries, spinal fusion surgeries, delayed union
& non-union bone fractures, and others. The spinal fusion surgeries segment
is expected to lead in the global bone growth stimulator market in 2017.
On the basis of end users, the market has been segmented into
academic and research institutes, hospitals & clinics, home care and
others. The hospitals & clinics segment is expected to account for the
largest share in the global bone growth stimulator market in 2017. However, growth
of home care services in the developed and developing countries has been
estimated to drive the segment growth during the forecast period.
Regional Analysis
Based on the regions, the market for bone growth stimulator
is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle
East & Africa (MEA).
Geographically, the Americas is anticipated to dominate the
global bone growth stimulator market owing to the rising prevalence of the
orthopedic and spinal ailments such as bone fractures and spinal damage. Development
of better therapeutic approaches and advanced treatments has positively
affected the regional market growth. Moreover, increasing numbers of spinal
fusion procedures, patient preference for orthopedic fixation procedures, high
awareness among the population, and high disposable income levels are some of
the factors driving the bone growth stimulator market growth.
Europe is expected to hold the second largest market share in
the global bone growth stimulator market. The market growth is majorly
attributed to the increasing government support for the device manufacturers. Establishment
of manufacturing units of medical device companies in this region has brought
traction to bone growth stimulators.
Similarly, APAC has observed a rapid growth in the bone
growth stimulator market owing to continuous developments in the healthcare
sector. Moreover, increase in government funding for healthcare, a rise in R&D
expenditure, and growing number of medical device companies in the region is
predicted to be highly lucrative for the market in the region.
Lastly, the MEA region is anticipated to show a modest growth
rate in the bone growth stimulator market during the forecast period.
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According to a detailed report by Market Research Future (MRFR),
the global ADME
toxicology testing market Share is anticipated to register a substantial
market valuation at 11.4% CAGR over the forecast period.
The significant factors influencing the global ADME
toxicology testing market are the increasing application of ADME toxicology
testing by biotechnology companies and pharmaceuticals, and growing concerns raised
by animal activists over the experiment and ill-treatment of animals in clinical
trials have relatively aided the growth of the toxicology testing market. on
the other hand, impactful factors such as the lack of in-vitro testing models
to detect immune-stimulation and autoimmunity are projected to hinder the
market growth during the review period.
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Key players
the key players acknowledged in the global ADME toxicology testing market are Accelrys,
Inc., ACEA Biosciences, Inc., Agilent Technologies, Inc., Albany Molecular
Research, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Caliper Life
Sciences, Inc., CeeTox, Inc., Cellartis AB, Cyprotex PLC., Life Technologies
Corporation, Molecular Discovery Ltd., MultiCASE, Inc., Optivia Biotechnology,
Inc., Promega Corporation, Thermo Fisher Scientific, Inc., Xceleron,
Inc., and others.
Segmental Analysis
The global ADME toxicology testing market has been segmented
based on the method, technology, application, and end-user.
Several methods utilized in the ADME toxicology testing
market into the biochemical assay, cellular assay, ex-vivo, and in silica. The
technologies operated in the market are high throughput, cell culture, molecular
imaging, and OMICS technology.
The applications in the ADME toxicology testing market are segmented into hepatotoxicity,
neurotoxicity, renal toxicity, systemic toxicity, and others.
Based on end-user, the ADME toxicology testing market is
segmented into diagnostic centers, hospitals and clinics, pathological labs,
and others.
Regional Analysis
Based on the region, the global ADME toxicology has been
segmented into the Americas, Europe, Asia Pacific, and the Middle East and
Africa.
The Americas (North America and Latin America) is the largest region in the global
ADME toxicology testing market and is expected to account for the leading
market share over the evaluation period. This can be attributed to the high
acceptance of ADME toxicology testing in research activities. furthermore, the
development in research expenditure is also accountable for the growth of the
ADME toxicology testing market. North America is likely to contribute the
majority of the market share acquired in this region, owing to the established
healthcare and technology sectors in the country, which has lead to the early
adoption of advanced clinical trials and diagnostic measures. This factor is
likely to propel the market growth over the assessment period.
The European region is the second largest ADME toxicology
testing market during the forecast period. The shifting focus of leading
biopharmaceutical producers to increase its subsidiaries in countries such as
Germany, Russia, UK, among others. Consequently, the growing number of
pathological facilities in the region are expected to drive the market growth over
the review period.
The Asia Pacific region is the fastest growing region in the
global ADME toxicology testing market and is expected to reach a substantial
valuation at the highest CAGR over the evaluation period. The increasing
initiatives to improve the healthcare sectors in emerging economies such as
India, China, Japan are predicted to drive the market over the forecast period.
Additionally, the increasing oncology and palliative care facilities both at
the hospital level and in the community are anticipated to impact the market positively.
The Middle East and Africa (MEA) region accounts for the smallest
market share due to low per capita income of consumers and the lack of
availability of well-trained medical professionals. Nevertheless, there has
been a growing demand for test accuracy and steadiness among end-users. In
addition, the increasing focus of the governments towards the improvement of
the healthcare sector in this region is likely to propel the market
significantly over the review period.
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Market Highlights:
The Global Medical
Gases and Equipment Market trends held a market value of USD 13.0 billion
in 2017 and is projected to grow at a CAGR of 7.5% over the forecast period.
Medical gas is defined as the gas is manufactured, packaged, and used for
administration to patients in diagnosis, anesthesia, and therapy. Medical gases
are the life-saving element that provides direct influence in maintaining the
life of patients. Medical gas equipment are the supply systems used by hospitals
& clinics, academic & research institutions, pharmaceutical &
biotechnology industries to create or distribute medical gases in the piping
system. Few of the market growth factors are globally growing geriatric
population coupled with increasing prevalence of chronic diseases, the presence
of favorable government initiatives such as industry-friendly safety, and
rising demand for point of care products & home healthcare. The Centers for
Disease Control and Prevention (CDC) reported that, in the US, 6 in 10 adults
have a chronic disease and 4 in 10 adults have two or more chronic diseases
such as heart disease, cancer, chronic lung disease, stroke, diabetes, and
chronic kidney disease (CKD)
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Key Players:
Some of the prominent players in the global Medical Gases
and Equipment Market Growth are Atlas Copco, Praxair Technology, Inc., Air
Liquide, Airgas, Inc., Amico Corporation, Messer Group GmbH, AB Matheson
Tri-Gas, Inc., The Linde Group, TAIYO NIPPON SANSO CORPORATION, SCI Analytical,
SOL S.p.A., Rotarex SA, GCE Holding AB, Air Products and Chemicals, Inc., and
Matheson Tri-Gas, Inc.
Segmentation:
The global Medical Gases and Equipment Market Growth has
been segmented into product, application, and end user.By product, the market
has been segmented into medical gases, medical gas mixtures, and medical gas
equipment. The medical gases segment has been further categorized into nitrogen
gas, nitrous oxide gas, oxygen gas, carbon dioxide gas, helium gas, and medical
air.
The medical gas mixtures segment is further categorized into
medical laser gas mixtures, medical drug gas mixtures, sterilant gas mixtures,
lung diffusion mixtures, blood gas mixtures, aerobic gas mixtures, anaerobic
gas mixtures, and breathing zone monitoring calibration standard. The medical
gas equipment is further categorized into air compressors, vacuum systems, flow
meters, cylinders, alarm systems, masks, and others (manifolds, regulators, and
outlets).
On the basis of application, the market has been segmented
into therapeutic applications, diagnostic applications, pharmaceutical
manufacturing & research, and others. The therapeutic applications segment
is further categorized into respiratory therapies, cardiovascular therapies,
anesthesia delivery, and others.Based on end user, the market has been
segmented into hospitals & clinics, academic & research institutions,
pharmaceutical & biotechnology companies, and home healthcare.
Regional Analysis:
The Global Medical Gases and Equipment Market Growth has
been segmented by region into the Americas, Europe, Asia-Pacific, and the
Middle East & Africa. On the basis of region, the Americas is likely to
dominate the global Medical Gases and Equipment Market Growth owing to the
increasing adoption of advanced technologies and the presence of major market
players & target population in the U.S. and Canada. Europe will hold the
second largest market position over the forecast period due to flourishing
growth in medical device industry and the presence of medical gas associations,
viz. the MGA (Medical Gas Association) and EIGA (European Industrial Gases
Association)
The Asia-Pacific is anticipated to witness comparatively
higher CAGR during the forecast period owing to growing population in India and
China, increasing awareness among patients, caregivers and healthcare
professionals about medical gases, and developing healthcare infrastructure in
the region. The Middle East & Africa has the least share of the global Medical
Gases and Equipment Market Growth. Additionally, the major market share of the
region would be held by the Middle East region attributed to rising incidences
of conventional diseases and increasing technological innovations in the UAE,
Saudi Arabia and Qatar.
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Market Highlights:
Ophthalmology is a branch of medical science which deals
with the diagnosis, treatment, and prevention of eye disorders. Ophthalmic
disorders are common in developed countries due to changing lifestyle. The
technological advancement, increasing prevalence of ophthalmic disorders, a
growing number of chronic diseases, and rising geriatric population are the
major factors driving the growth of the global ophthalmic lasers market.
Additionally, increasing R&D spending and aggressive strategies adopted by
the top players, such as new product launches, are contributing to the growth
of the market. For instance, in June 2018, Carl Zeiss Meditec AG has launched
next-generation VISULAS green photocoagulation laser in the ophthalmic
lasers market size, this innovative product can be used for the treatment
of diabetic retinopathy and age-related macular degeneration disorders.
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Key Players:
Some of the key players in the global ophthalmic lasers
market are Carl Zeiss Meditec AG, Alcon Laboratories, Inc., Abbott Medical
Optics, Inc., Bausch & Lomb Incorporated, Ocular Instruments, Quantel Inc.,
Ellex Medical Lasers Limited, Topcon Corporation, Ziemer Ophthalmic Systems AG,
Iridex Corporation, Nidek Co., Limited, Lightmed USA, and Lumenis Ltd.
Segmentation:
The global ophthalmic lasers market has been segmented on
the basis of product, application, and end-user.
The market, by product, has been classified as excimer
lasers, femtosecond lasers, diode lasers, SLT laser, ND:Yag lasers, and others
On the basis of application, the market has been segregated
into refractive error correction, cataract surgery, diabetic retinopathy,
glaucoma surgery, age-related macular degeneration (AMD)treatment, and others.
The end-user segment has been segmented into hospitals,
specialty clinics, ambulatory surgical centers, and others.
Regional Analysis:
The market in the Americas is expected to dominate the
global ophthalmic lasers market during the forecast period owing to the
increasing prevalence of chronic diseases, a growing geriatric population which
is suffering from ophthalmic disorders, technological advancements in the
healthcare sector, and favorable reimbursement policies in the region. The
European market is expected to be the second-largest due to the increasing
ophthalmic surgeries in the region, the high adoption rate of innovative
technology, and development in the healthcare sector. Moreover, the market in
Asia-Pacific is anticipated to be the fastest-growing during the forecast
period owing to the increasing population, the rising prevalence of chronic
diseases and rising healthcare investment. The market in the Middle East &
Africa is likely to account for the smallest share of the global ophthalmic
lasers market.
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Market Highlights:
The global Protein
Sequencing Market Share held a market value of USD 892.5 million in 2017
and is projected to register a CAGR of 3.6% over the forecast period. Protein
sequencing is mainly used to separate peptides and detect the amount and
composition of amino acid residues. The factors such as growing focus on
target-based drug development by biotechnology and pharmaceutical companies,
growing financial support by the public and private sector for proteomic
research, and advancements in clinical mass spectrometry and analytical
techniques are anticipated to boost the growth of the market during the
forecast period. For instance, in 2015, the National Cancer Institute offered
grants for the Clinical Proteomic Tumor Analysis Consortium (CPTAC) program.
Despite the drivers, the high cost associated with infrastructure and
instruments may hinder the market growth over the forecast period.
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Key Players:
Some of the prominent players in the global protein
sequencing market are Proteome Factory, Bioinformatics Solutions, Charles River
Laboratories, Agilent Technologies, Inc., Rapid Novor Inc., Selvita, SGS,
Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation.
Segmentation:
The global protein sequencing market has been segmented into
products and services, technology, application, and end user.
By products and services, the market has been segmented into
reagent and consumables, instruments, analysis products/software, and protein
sequencing services. The instrument segment has been further segmented into
mass spectrometry instruments and Edman degradation sequencers. The reagents
and consumables segment accounted for the largest share of the protein
sequencing products market in 2017. The factors such as ongoing advancements in
protein sequencing technologies and the rising number of sequencing procedures
are expected to boost the growth of the segment.
On the basis of technology, the market has been segmented
into mass spectrometry and Edman degradation.
By application, the market has been segmented into
biotherapeutics, genetic engineering, and others. The biotherapeutics segment
is anticipated to be the fastest growing segment during the forecast period.
The market, by end user, has been segmented into
pharmaceutical and biotechnology companies, academic institutes and research
centers, and others.
Regional Analysis:
On a regional basis, the Americas is anticipated to dominate
the global protein sequencing market owing to the rising application of protein
sequencing in proteomic research, the development of protein sequencing, and
the availability of research funding in the region. Europe is anticipated to
hold the second largest position in the global protein sequencing market. The
market growth in this region is attributed to the increasing proteomics
research and the availability of funding and infrastructure for research. For
instance, in July 2017, Biognosys, a leading proteomics company based in
Switzerland raised funds of about USD 5 million for making proteomics a broader
segment in the life science research market. The Asia-Pacific region is
anticipated to be the fastest growing region owing to the growing government
funding for healthcare, rising R&D expenditure, and growing number of
biopharmaceutical companies. The Middle East and Africa has the lowest share of
the global protein sequencing market owing to rising government initiatives for
the healthcare sector.
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Market Insights
The Global Healthcare Cloud Computing Market application is experiencing increasing traction owing to the rising uptake of cloud computing in small, medium, and large healthcare setups, worldwide. The volume of digital data in healthcare centers has multiplied over the years owing to changes in payment modes, increasing patient pool, etc. Advances in technology and increasing healthcare expenditure have further catalyzed the growth of the market.
Market Research Future (MRFR) studied the cloud computing market 2020 through the review period till 2023. As per MRFR analysis, the global cloud computing market is anticipated to register considerable CAGR and earn substantial revenue by end of the review period. The ingression of cloud-based technology in healthcare facilities offers several important benefits that aid in boosting operations efficiency of organizations. The cloud deployment of IT software assists in the collection of real-time data and data retrieval with greater convenience and eliminate manual errors. Document processing is a rigorous task in healthcare facilities and cloud computing only accelerates work with better performance efficacy. Moreover, cloud computing curbs the overall costs as it eliminates the need for physical infrastructure. These are identified as some potential factors that can promote the global healthcare cloud computing market in the years to come.
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The IT revolution and upscaling demand for cloud computing have positively influenced the healthcare sector. The large volume of data generated in the healthcare sector has encouraged the enormous adoption of cloud computing solutions. Moreover, the voluminous data generation has further increased the need for scalability and flexibility in working dynamics. Top-notch healthcare cloud computing players are actively investing in the development of improved and new services that will continue to optimize operations in complex and large industries; such as healthcare. These are other causes that are expected to add momentum to the healthcare cloud computing.
Key Players
GE Healthcare, IBM Corporation, Athena Health Inc., Sectra AB, Carestream Corporation, CareCloud Corporation, ClearData Networks Inc., Agfa-Gevaert N.V., Nuance Communications, NextGen Healthcare, Microsoft Corporation, Oracle Corporation, Cerner Corporation, Siemens Healthineers, Dell Inc, and Merge Healthcare Inc. are some major companies in the global healthcare cloud computing market that are listed by MRFR. Innovations by marketers are observed to cast significant impact on the competitive landscape of the global healthcare cloud computing market.
Market Segmentation
The segment study of the global healthcare cloud computing market is based on deployment, applications, service, and end-user among others.
The application-based segments of the healthcare cloud computing market are Clinical Information System (CIS) and Non -Clinical Information System (NCIS). The CIS segment studies electronic health records (EHR), pharmacy information system (PIS), and computerized physician order entry system (CPOE) among others. The growing demand for non-clinical information system, along with electronic health records solutions, can favor the market surge in the study tenure.
The deployment-based segments of the healthcare cloud computing market are hybrid cloud, private cloud, and public cloud. The public cloud segment is expected to rise at considerable CAGR by 2023. However, increase in cases of cyber data breach and growing awareness about security threats in case of public cloud is driving the adoption of private cloud that is expected to support the healthcare cloud computing market rise through the rapid growth of the private segment.
Regional Analysis
The US is expected to garner decent revenue for the North America healthcare cloud computing market in the near future. The presence of a high concentration of marketers in the region and expansion of the healthcare sector are likely to contribute to the regional healthcare cloud computing market. The concentration of developed economies displaying affinity for advanced technologies is observed to add momentum to the market.
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Market Scenario
The global Respiratory Care Devices Market share 2020, according to MRFR, is slated to register significant growth at 10.1% CAGR during the assessment period (2018–2023).
Market Highlights
The increase in the industry is attributed to the rising frequencies of asthma, and chronic pulmonary disorders, among others. As they have evolved from stationary to portable, these machines can be used in hospitals and in-house treatment environments.
Factors such as the mounting prevalence of respiratory diseases, rising geriatric population, urbanization and its negative consequences, and environmental and behavioral improvements are driving business growth. Growing demand for point-of - care diagnostic devices in developed regions is projected to create new opportunities for players in the market for respiratory devices.
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Competitive Dashboard
Some of the major players in the global respiratory care devices market are Drägerwerk AG & Co. KGaA (Germany), ResMed, Inc. (US), Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Dickinson and Company (US), Medtronic plc (Ireland), Masimo Corporation (US), and Becton, Chart Industries, Inc. (US), and Hamilton Medical AG (Switzerland).
Segmental Analysis
The global respiratory care devices market has been analyzed on the basis of accessories and consumables, diagnostic devices, therapeutic devices, application, monitoring devices, and end-use industries.
Based on therapeutic devices, the market has been divided as nitric oxide delivery units, oxygen concentrators, pap devices, masks, ventilators, reusable resuscitators, nebulizers, humidifiers, inhalers, and oxygen hoods.
Based on monitoring devices, the market has been segmented as pulse oximeters, pulse oximeter equipment, capnographs, pulse oximeter sensors, and gas analyzers.
The diagnostic devices segment of the market comprises peak flow meters, polysomnography (PSG) devices, spirometers, and other diagnostic devices.
The accessories and consumables segment of the market includes disposable resuscitators, disposable masks, nasal cannulas, tracheostomy tubes, and other consumables and accessories.
Regional Overview
On the demand for respiratory care products, North America is projected to account for the highest market share due to the early introduction of new medical equipment, increasing recognition, improved healthcare industry growth and attractive pay for certain surgical procedures.
The second highest market share is expected to be retained by the European industry. The growth of the market in this area can be due to the growing incidence of diabetic patients, an rising increase of surgeries and the growing demand for advanced care procedures.
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According to Market Research Future (MRFR), the global negative
pressure wound therapy (NPWT) market Share is expected to expand
significantly over the forecast period. The industry had a market size of USD
2.24 billion in 2017 and is estimated to experience a CAGR of 6.7% by 2023.
Negative pressure wound therapy (NPWT) is a sealed wound care system and
is primarily recommended for large chronic recurrent wounds and complicated
acute wounds. The system comprises an electronically operated pump and a foam
dressing, which drains the wound. Negative pressure is applied across the
wounds in this therapy to promote healing.
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Key Players
Lohmann & Rauscher International GmbH & Co. Kg, ACELITY L. P.
Inc., ConvaTec Group Plc., Smith & Nephew, Medela, Cardinal Health, Talley
Group, Genadyne, Mölnlycke Health Care AB, and DeRoyal Industries, Inc. are
some of the key players in the global negative pressure wound therapy market.
Market Dynamics
Factors such as the growing prevalence of chronic diseases such as
diabetes and obesity, increased casualty rates due to injuries and accidents,
and large expenditure on chronic and surgical wounds is expected to fuel the
growth of the industry. According to the Centers for Disease Control and
Prevention (CDC), approximately 2.8 million people were treated for injuries in
2015. In addition, the rising incidence of cesarean sections in elderly mothers
is projected to increase the postoperative usage of NPWT devices. Moreover, the
growing usage of simpler single-use devices is expected to contribute to the
growth of the negative pressure wound therapy industry. However, the high cost
of such treatment over traditional wound therapy and the shortage of qualified
healthcare professionals can impede market growth over the forecast period.
Segmentation
The global negative pressure wound therapy market is segmented by
product type, wound type, and end-user.
Types of products include single-use negative pressure wound therapy
devices, conventional negative pressure wound therapy devices, and accessories.
In 2017, the conventional segment accounted for the largest share of the global
market. The segment can expand due to the ability of conventional negative
pressure wound therapy products to treat extreme wound exudates. In addition,
the single-use negative pressure wound therapy market is projected to be the
fastest-growing market based on the product type.
By type of wounds, the market has been segmented into surgical and
traumatic wounds, ulcers, and burns. The classification of ulcers was further
segmented into diabetic foot ulcers, venous ulcers, pressure ulcers, and
others.
The market was segmented by end-users into hospitals, home care
facilities, and others.
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Market Overview
The
global Endovascular
Aneurysm Repair Devices Market Size could record a CAGR of 6.4% during the
forecast period (2018-2023), reveals Market Research Future (MRFR).
Growth Drivers and Top
Barriers
Aortic
aneurysm refers to the weakening and bulging of the aorta. This bulging leads
to a leak that could spill blood within the bod, directing the blood flow away
from the tissues and organs. This causes extreme complications, including heart
attacks, stroke, kidney damage, and even death. Therefore, endovascular repair takes
place by keeping a stent-graft in an aneurysm via a tiny hole in the blood
vessels located at the groin area.
Some
growth-inducing factors in the endovascular aneurysm repair devices market
include low-cost hospitalization charges, technological advancements in repair
devices, and short reduced recovery times. To illustrate, in 2017, Terumo
Corporation had acquired Bolton Medical, Inc., with the latter being a
prominent innovator in thoracic and abdominal stent graft systems. With this
acquisition, Terumo Corporation strived to expand its growth in the vascular
graft field.
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Renowned Companies
Endospan
Ltd., BiFlow Medical Ltd, Endologix, INC., Jotec GmbH, Medtronic plc, Terumo
Corporation, W. L. Gore & Associates, Inc., Cardiatis SA, Boston Scientific
Corporation, Cook Medical LLC, Endoluminal Sciences Pty Ltd, Cardinal Health,
Braile Biomédica, Lemaitre Vascular Inc., Getinge AB, are the top players in
the worldwide endovascular aneurysm repair devices market.
Market Segmentation
The
worldwide market for endovascular aneurysm repair devices has been segmented on
the basis of indication, site, anatomy, and products.
The
market, depending on the indication, has been considered for abdominal aortic
aneurysm, thoracic aortic aneurysm, and others. The types of thoracic aortic
aneurysm are ascending aortic aneurysm, descending aortic aneurysm,
thoracoabdominal aortic aneurysm, and thoracic arch aortic aneurysm.
The
market, site-wise, has been considered for infrarenal and pararenal. The
market, with respect to the pararenal site, caters to juxtarenal and
suprarenal.
The
market, anatomy-wise, covers traditional and complex.
The
market, with regard to the products, mentions percutaneous EVAR, fenestrated
EVAR, aortic stents and TAA grafts, and others.
Regional Analysis
The
endovascular aneurysm repair devices market is spread across the primary
regions of Europe, Asia Pacific, Middle East, and Africa, and the Americas.
The
supreme growth of the endovascular aneurysm repair devices market has been
noted in the Americas. The prime reason behind the superlative growth can be
the expanding geriatric population along with the highly -developed healthcare
sector. The Centers for Disease Control and Prevention (CDC) gauges abdominal
aortic aneurysm to be among the leading 15 causes of mortality within the United
States (U.S.).
Europe
is projected to hold the second position in the worldwide endovascular aneurysm
repair devices market. The regional market gets ample support from the rising prevalence
of aneurysms, favorable reimbursement scenario, and availability of funds for
research. Apart from this, esteemed players in the region are nursing next-generation
EVAR products, aiming to expand and evolve. This helps generate momentum to
trigger market growth.
Asia
Pacific could expand at the fastest pace owing to the presence of a massive patient
population combined with the continuously developing nations. Consistently
improving healthcare infrastructure and rising number of surgeons could lead
the regional market to greater heights in the years ahead.
Lastly,
Middle East & Africa has been identified as the smallest market for
endovascular aneurysm repair devices. Most of the market is concentrated in Middle
East as a result of the increasing government initiatives for the healthcare industry.
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Market Research Future (MRFR), enable
customers to unravel the complexity of various industries through Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America