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Market Synopsis:
The increase in the geriatric population is one of the
significant drivers of acute intermittent porphyria market. According to
reports, the aging population will almost double up by the end of 2050. Market
Research Future (MRFR) has revealed in its latest report that the Global Acute
Intermittent Porphyria Market insight will thrive steadily at 5.6 % during
the forecast period 2017-2023.
The risk factors associated with acute intermittent
porphyria, which include liver cancer (hepatocellular carcinoma), kidney
failure, neurological disorders, psychiatric issues, gastrointestinal problems,
urinary tract issues, etc. will accelerate the market expansion. The growth of
the market is also attributable to the increasing prevalence of the metabolic
disorders which is likely to increase further during the assessment period.
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Competitive Dashboard:
The key players profiled by MRFR in its report include
Dahaner (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Siemens AG (U.S.),
Sysmex Corporation (Japan), ARKRAY, Inc. (Japan), ACON Laboratories, Inc.
(U.S.), and, F. Hoffmann-La Roche Ltd (Switzerland) among others. The players
strive to gain prominence in the market by devising and employing strategies
such as research & development, clinical trials, acquisitions & mergers,
innovative collaborations, agreements, etc.
Market Segmentation:
By diagnosis, the global acute intermittent porphyria market
has been segmented into blood test, urine test, serum test, DNA test, and
others.
By treatment, acute intermittent porphyria market is
segmented into gonadotropin-releasing hormone analogues, prophylactic hematin
infusions, and others.
By end user, the global acute intermittent porphyria market
has been segmented into hospitals & clinics, research centers, and others.
Regional Analysis:
By region, the acute intermittent porphyria market has been
segmented into North America & South America, Europe, Asia Pacific, and,
the Middle East & Africa. The North America & South America region will
generate maximum revenue from the market during the projection period. The
technological advancements integrated into the treatment of acute intermittent
porphyria is likely to accelerate revenue creation over the review period.
Other factors responsible for the growth of the market include increasing patient
with genetic metabolic disorders, rising healthcare expenditure, and increasing
government support for research & development. Furthermore, the
concentration of key players in the region coupled with increased research
& development activities will encourage the market growth and expansion.
Europe is the second largest market for acute intermittent
porphyria globally. The favorable factors supporting the market expansion in
the region are initiatives undertaken by the governments and the availability
of funds for research & development activities. The presence of developed
economies in the region is also likely to propel the market growth.
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Market Scope
Market Research Future (MRFR) studied the global eye
care supplements market trends 2021 for the assessment period till 2023. As
per MRFR study, the global eye care supplement market is expected to rise at a 10.8%
CAGR over the review tenure. By 2023, the global eye care supplement market
value can churn-up decent revenue.
Drivers and Restrains Impacting Eye Care Supplements
Market
Eye care supplements contain vitamins and other nutrients beneficial
for maintaining ocular health and good vision. These products improve eye
health and are used in treating disease, such as; diabetic retinopathy,
cataracts, and glaucoma. Several people face problem due to poor vision and the
dietary products extracted are primarily used in the improvement of vision.
These dietary products can be derived from both synthetic and natural sources, such
as; plants. Omega fatty acids and antioxidant are some widely used eye care
supplements.
The global market of eye care supplements is expected to rise
at an exponential rate due to the increasing prevalence of eye diseases induced
by chronic ailments, such as, diabetes. Furthermore, the rise in demand for eye
care solutions across the globe are opening great opportunities to market
players as they use strategic approaches for geographical expansion.
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Key Players in Eye Care Supplements Market
Nordic Naturals Inc. (U.S.), Biosyntrx Inc. (U.S.), Healths
Harmony USA Supplements LLC (U.S), Bristol-Myers Squibb Company (U.S.),
Vitabiotics Ltd. (U.K), NUSAPURE (U.S.), and Bausch & Lomb Incorporated.
(U.S.) are some top-notch companies in the global market of eye care
supplements that are recognized by Market Research Future and are listed in the
current report.
Segment Assessment of Eye Care Supplement Market
The global eye care supplement market’s segment assessment is
based on type, end user, and application.
The type-based segments of the eye care supplement market are
Fatty acids, Antioxidant, neuro-protective supplements, and anti-inflammatory
supplements among others. The antioxidant segment is studied for water-soluble
antioxidants that includes astaxanthin, zeaxanthin, lutein, and fat-soluble
antioxidants, such as; astaxanthin. The segment of fatty acids segment studies gamma-linolenic
acid and omega-6. The anti-inflammatory supplements segment analyses docosahexaenoic
acid (DHA). The segment of neuro-protective assesses eicosapentaenoic acid
(EPA).
The application-based segments of the eye care supplement
market are eye health, cataract, macular degeneration, glaucoma, and Diabetic retinopathy
among others. The retinopathy segment can thrive by 2023.
The end user-based segments of the eye care supplement market
are eye clinics, and eye hospitals among others. The segment of eye clinics are
churn-up high profits owing the increase in count of such clinics are rise in
number of visits to such clinics.
Regional Analysis of Global Eye Care Supplements
Market
North America is gaining reputation as the largest eye care
supplements market that can hold decent share of the global market due to the
rise in demand for eye care supplements. The growing prevalence of vision
impairment and related problems among people in the people in the US can favor
the market expansion. The Center of Disease Control and Prevention states that nearly
14 million Americans with age range from 12 years and above exhibit some type of
visual impairment that can prompt the eye care supplement market in North
America.
Europe is noted as the second largest market for the global eye
care supplements that can exhibit a steady growth in the years ahead due to the
accessibility affordable treatments and implementation of effective prevention
strategy for eye health. As per the World Health Organization, more than 60 Mn
people in Europe have diabetes and the surge in cases of diabetes is high in people
aged over 25 years, which can influence the market over the study tenure.
In the Asia Pacific region, the market of eye care
supplements is expected to register the fastest growth rate due to rise in
cases of chronic disease, such as; diabetic retinopathy, diabetes, and obesity.
In the Middle East Asia and Africa, the market of eye care supplement is
expected to show a steady rise owing to upscaling demand for ophthalmic
products and easy accessibility of treatment options.
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Market Highlights
Carcinoembryogenic
Antigen (CEA) Market trends is a group of glycoproteins which are produced
during the fetal developmental stages by gastrointestinal tissues. CEA is
responsible for cell adhesion. Healthy adults do not have CEA concentrations.
However, smoking and certain medical conditions such as colorectal cancer,
breast cancer etc. can mark the presence of CEA in the body. Thus, CEA based
diagnostic assays are used for the detection of such cancers and to check the
treatment efficiency during the therapeutic period by a physician.
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Market Key Players
Some of key players profiled in the report are Lee
BioSolutions, F. Hoffmann-La Roche Ltd, Quest Diagnostics Incorporated.,
Correlogic Systems, Inc, Genway Biotech, Inc., Abbott., RayBiotech, Inc., Abcam
plc., Biocare Medical, LLC, and Biocare Medical, LLC.
Segmentation
The global carcinoembryonic antigen market has been
segmented on the basis of application, sampling, and end user.
Based on application, the market has been segmented into
colorectal, pancreatic, breast, lung cancer, and others.
Based on sampling, the market has been segmented into
antecubital, peritoneal, pleural, serebrospinal, and others.
Based on the end users, the market has been segmented into
hospitals, diagnostic centers, research centers, and others.
Regional Analysis
The Americas account for the largest share in the
carcinoembryogenic antigen market. The Americas mainly include countries like
the U.S. and Canada. Increasing prevalence of cancer and high healthcare
expenditures within the region will boost the market growth over the assessment
period.
Europe is the second highest revenue generating region in
the global carcinoembryogenic antigen market. Increasing prevalence of cancer,
fast adoption of new technologies and presence of developed countries like
Germany and U.K within the region will boost the market growth during the
forecasted period.
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Market Highlights
Topical corticosteroids (steroids) are medication and
available in various forms such as creams, lotions, and solutions. They are
directly applied to the skin to reduce inflammation and irritation.
The global topical
corticosteroids market trends is expected to grow at a CAGR of about 5.8%
during the forecast period 2017-2023.
Increasing prevalence of skin diseases worldwide and lack of
awareness in both developed and developing countries are some of the factors
that drive the growth of the market. Additionally, increasing geriatric
population with skin disease, which in some cases remain untreated for a long
period boost the market growth.
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Major Players in the Topical Corticosteroids Market
Some of the key players in the global market are AstraZeneca
plc., GlaxoSmithKline plc., Merck & Co., Inc., Pfizer Inc., Sandoz AG
(Novartis AG), Sanofi S.A., Actimis Pharmaceuticals, Valeant
Pharmaceuticals, Almirall, S.A, and Zylera Pharmaceuticals.
Segmentation
The global topical corticosteroids market is segmented on
the basis of type of formulation. it is segmented into ointments, creams, and
others.
On the basis of type of potency class it is segmented into
ultra-high, high, moderate, and low. The ultra-high is further segmented into
clobetasol propionate, and diflorasone diacetate. The high segment is further
segmented into amcinonide, betamethasone dipropionate, desoximetasone,
fluocinonide, halcinonide, and others. The moderate segment is further segmented
into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone
valerate, triamcinolone acetonide, and others. And the low segment is further
segmented into betamethasone valerate, desonide, fluocinolone acetonide, and
others.
On the basis of treatment, it is segmented into contact
dermatitis, insect stings, psoriasis, eczema, and others.
On the basis of end user, the market is segmented into
hospitals, dermatology clinics, pharmacies, and others.
Regional Analysis
The global topical corticosteroids market consists
of four regions: the Americas, Europe, Asia Pacific, and the Middle East &
Africa.
The Americas dominates the global topical
corticosteroids market. It comprises of two regions namely North America
and South America. North America is the largest market owing to rising
prevalence of skin diseases in the American counties and increasing geriatric
population with skin related diseases.
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The global Hospital Beds Market will grow at a CAGR of 5.5%
during the forecast period 2017 to 2023. The market for hospital beds is set to
reach US$4,824.2 million by 2023. As per market analysts, the global hospital
beds market is anticipated to witness growth owing to the factors such as the
surge in chronic diseases as well as increasing prevalence of chronic diseases.
However, the market will face challenges and restraints due to high cost of the
advanced beds and the high procurement costs during the forecast period 2017 to
2023.
Increasing number of hospital and ambulatory services in the
market will support the growth. As per market analysts, the market-based
companies will face certain challenges during the 2017 to 2023. The hospital
beds industry research report provides in-depth analysis of the type,
end-user, and power segments. The market research report presents factors such
as the high procurement costs related to advanced beds that could slow down the
market's growth.
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Market Segmentation
The hospital beds market has been segmented into type,
end-user, and power . Based on the segment which is type, the market is
categorized on the basis of acute care, long-term care, psychiatric &
bariatric care, others. The global market for hospital beds is further
segmented based on end-user into electric, semi-electric, and manual.
Furthermore, the market, on the basis of power is segmented into hospital,
clinics, and ambulatory.
The market report offers comprehensive study of the hospital
beds market segments including type, end-user, and power. The analysts have
also studied the market's spread across the regional markets across many of the
market’s segments at country levels. The type, end-user, and power segments
spread across the market along with the subsegments are studied. The global
market for hospital beds is spread across various product and service based
segments. The market research report highlights these key segments and offers
forecasts based on primary and secondary data. The global hospital beds market
research report presents key company profiles of organizations active across
the market.
Regional Overview
The speedy development in healthcare technology may hinder
the market growth. The hospital beds market research report suggests that
companies in the market could be supported by increasing geriatric population
as well as an increasing number of medical emergencies during the forecast
period. The hospital beds market is set to register growth at a high CAGR owing
to these key factors. The market is spread across North America, Europe,
Asia-Pacific, and other parts of the world. As per market analysts, the market
is set to witness tremendous growth across type, end-user, and power segments.
The global market’s North American region covers markets across the United
States, Mexico, Canada, and others. Businesses present in the market are also
profiled and their strategies have been presented in detail in the market
research report.
The hospital beds market across the European region covers
Italy, France, Germany, and the United Kingdom. Furthermore, the market
research report provides details about the APAC region covering markets from
China, India, Australia, Japan, and others. The market is also active across
several other parts of the world. The market report covers all these key regions
including the Middle East, Africa, Brazil, and others active in the global
hospital beds market.
Competitive Landscape
Hospital beds have seen tremendous growth, due to the
growing geriatric population and the sophisticated healthcare structure.
However, resources for research & development and intensifying healthcare
spending would challenge the companies active in the market. Furthermore,
companies using growth strategies to stay ahead in the global hospital beds
market are expected to help the market during the forecast period 2017 to 2023.
As the market report suggests that the hospital beds market will register a
CAGR of 5.5% and reach a US$4,824.2 million by 2023, the market report
highlights key areas market based companies need to focus on. The market
research report projects a long term growth till 2023. Based on the market’s
analysis on the basis of SWOT and Porters’ Five Force Model, the market will
rise during the forecast period 2017 to 2023, however the companies need to
move ahead with caution. The hospital beds market research report highlights
such key areas.
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Market Highlights
The tissue transglutaminase (tTG) testing is used for the diagnosis of
certain autoimmune diseases, which is mostly restricted to celiac disease. In
celiac disease, gluten (a protein found in wheat, barley, rye, and oats) is
seen as a foreign invader and in response to it the body mounts an immune
response to its enacting enzyme known as transglutaminase (which restricts the
proteolysis of the glutin). tTG enzyme gets attacked by the (tTG) IgA and
(tTG) IgG. For diagnostic purposes (tTG) IgA is exploited more frequently than
the tTG (IgG) as tTG (IgG).
Increasing prevalence of celiac disease drives the growth of the tissue
transglutaminase test market analysis According to the World
Gastroenterology Organization in 2016, 1% of the total population in western
countries was diagnosed with the celiac diseases and the prevalence have
substantially increased across the globe. According to Celiac Disease
Foundation in 2016, hospitalization have increased by 600% from 1998 to 2013.
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Global tTG testing Market
Some of key players profiled in the report are Quest Diagnostics
Incorporated., SQI Diagnostics, Trinity Biotech, ZEDIRA GmbH, Demeditec
Diagnostics GmbH, ARUP Laboratories, Cell Science Systems, Bio-Rad
Laboratories, Inc., Pfizer Inc., Celimmune, LLC., and others.
Segmentation
The global tissue transglutaminase testing market has been
segmented on the basis types and end users.
Based on types, the market has been segmented into
serological, biopsy testing, and others. The serological testing is
sub-segmented into tissue transglutaminase (tTG) antibody- IgA, serum and
tissue transglutaminase (tTG) antibody- IgG, serum.
Based on the end users, the market has been segmented as
hospitals & clinics, homecare, research organizations, and others.
Regional Analysis
The Americas account for a significant market share owing to extensive use
of medications and high expenditure on the health care. Additionally, the
fastest uptake of new technology in the US drives the global tTG testing
market. Additionally, concentration of major research companies and research
organizations in the developed countries of this region boost the market
growth.
Europe is the second largest market in the world due to high
income and healthcare penetration.
Asia Pacific region is expected to grow rapidly. China and
India are likely to lead this market due to fast growing healthcare sector
during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated
to drive the Middle East & African market. The African region is expected
to witness a moderate growth owing to poor economic and political conditions
and poor healthcare development.
Taste the market data and market information presented
through more than 50 market data tables and figures spread over 80 pages of the
project report. Avail the in-depth table of content (TOC) & market synopsis
on “global tissue transglutaminase testing market” research report – Forecast
till 2023.
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Dental wax is a
mixture of several waxes with synthetic additives used in dentistry for
casting, sizing, charting structures and jaw connections, laboratory testing,
and lubricants to minimize friction in braces and other dental implants. As per
an MRFR report, the dental
wax market analysis is predicted to reach USD 1.2 billion by 2023, with a
compound annual growth rate (CAGR) of 5.2 percent over the forecast period.
The demand is
anticipated to develop due to the higher use of dental fixtures and treatments,
the rapid expansion of dentistry in many nations' healthcare systems, improved
understanding of oral disorders, and exponential increase of dental implants.
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Segmental Analysis
The dental wax
market segmental overview is conducted based on applications, source, end
users, and regions. The dental wax market has been divided into pattern wax,
imprint wax, healing wax, and processing wax based on the applications. The
dental wax market has been categorized into academic and research centers and
dentist clinics based on end users. According to the source, the dental wax
market is divided into four categories: mineral wax, plant wax, animal wax, and
synthetic wax. The regions included in the dental wax market are APAC, Europe,
Africa, the Middle East, and North America.
Detailed Regional
Analysis
The regional
scrutiny of the dental wax market includes APAC, Europe, Africa, the Middle
East, and North America. Due to the extensive use of pharmaceuticals and high
healthcare costs, the Americas hold a considerable market share. The worldwide
dental wax market is also driven by the United States, the fastest adoption of
digital technologies and medications. Furthermore, the concentration of major
dental product manufacturers in this region's developed countries is fueling
the dental wax market. Because of its high disposable income and greater
awareness of dental treatment, Europe is the world's second-biggest market. The
Asia Pacific region is predicted to rise fast during the projection period,
with China and India likely to control the market due to unmet needs.
Competitive Analysis
Governments worldwide are committing their support for
market-friendly changes. The improving trade relations are projected to
increase the international market in the coming years. The market's development
is projected to be hindered shortly due to a shortage of critical resources.
The function of mergers and applications is expected to become critical in
maintaining development speed in the coming era. The industry is anticipated to
boost as new products are introduced that focus on satisfying the evolving
requirements of their respective client bases. The use of the internet for
sales and marketing is expected to expand the market's prospects during the
forecast period. The global contagion has provided businesses with a new
mandate about the purchasing process and a rapid acceleration of digital
transformation. Fresh business models and perceptions are present in current
core operations and support functions in the forecast term. It is projected
that implementing comprehensive research techniques to examine the market's
future development will aid in market development.
The central contenders in the dental wax market are Pyrax
Polymars, C.J. Robinson Company, Inc., Kerr Corporation, Metrodent Ltd., Carmel
Industries, DWS Systems, Bilkim Ltd. Co., Solstice T&I, Bracon Dental.
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Market Research Future (MRFR) speculates that the global hidradenitis
suppurativa market is predicted to garner USD 763.6 million, grabbing a CAGR of
4.2% during the forecast period (2017-2023). Increasing incidences of skin
diseases are likely to favor the market growth to a great extent. Also known as
acne inversa, hidradenitis suppurativa is referred to as a rare, inflammatory
skin condition that generates as small and painful pimples on the skin. It
generally occurs between 20 to 40 years of age and is three times common among
the women population than in the male population. It is a dermatological
disease affecting the areas of apocrine sweat glands like the area under the
breast, buttocks, inner the thighs, and under the arms. Early symptoms involve
local hidradenitis and erythema, which become painful in the later stages.
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Competitive
Dashboard
The prominent players operating the global hidradenitis
suppurativa market are AbbVie Inc. (US), Johnson & Johnson Services Inc.
(US), GlaxoSmithKline plc. (UK), Pfizer Inc. (US), Allergan (Republic of
Ireland), Merck & Co. Inc. (US), AstraZeneca (UK), and others.
Market Potential
and Pitfalls
With augmenting incidences of several skin diseases, the global
hidradenitis
suppurativa market share is likely to flourish. The FDA is approving
clinical trials and drugs which is further contributing to the market growth.
The market is also likely to expand due to the introduction of new treatment
and drug options coupled with the increasing knowledge about the disease. The
increasing global warming across the world has resulted in environmental
changes like pollution and depletion of the ozone layer. This is further having
an impact on the skin, thereby fueling the market growth throughout the
appraisal period. Moreover, with rapid urbanization and rising population
coupled with the improving economic condition, the quality of healthcare is
rising, which is further offering an impetus to the hidradenitis suppurativa
market across the market.
On the contrary, the high cost of treatment and unmet
medical needs and drug resistance are some of the top barriers considered to
disrupt the market growth to a great extent. Despite such hiccups,
technological advancements owing to the substantial investments in R&D
activities are considered to propel the market growth throughout the estimated
period.
Global
Hidradenitis Suppurativa Market: Segmental Analysis
The global hidradenitis suppurativa market has been
segmented on the basis of skin condition, treatment, and end-user.
By mode of skin condition, the global hidradenitis
suppurativa market has been segmented into folliculitis, pimples, boils,
deep-acne, and others.
By mode of treatment, the global hidradenitis suppurativa
market has been segmented into surgery, medications, photodynamic therapy
(PDT), laser treatment, and others. Among these, surgical removal is considered
as a preferred mode of treatment, but the disease might relapse into other
areas as well.
By mode of end-user, the global hidradenitis suppurativa
market has been segmented into dermatology clinics, hospitals, academic
institutes, medical research centers, and others.
Regional Analysis
Geographically, the hidradenitis suppurativa market span
across regions namely, North America, Asia Pacific, Europe, and the Middle East
& Africa.
Among all the regions, the North American region is
predicted to lead the global hidradenitis suppurativa market with the largest
share. The region is presumed to a significant revenue pocket in the coming
years. The growth in this region is credited to the well-developed healthcare
sector coupled with the presence of a huge patient population suffering from
several skin diseases and medical complications. With the uptake of latest
technologies especially in the U.S., the market is likely to generate revenues.
Moreover, the changing lifestyle coupled with the augmenting expenditure on cosmetics
is highly supporting the market growth.
The European region is considered to occupy the second
position in the global market and is likely to experience a strong CAGR. With
the resurging economy in this region, the market is sure to flourish. Additional
factors promoting the market growth are the presence of a vast patient
population, availability of funds for research and development, and growing
teenage population in this region. Moreover, West European countries such as
the U.K., Germany, and France contribute to the market growth to a large
extent.
The Asia Pacific region is predicted to emerge as a
promising market with China and India backed by a vast population. Also, the
availability of low-cost medication in this region is influencing the market
growth. With the rapid growth in the healthcare sector and increasing
incidences of hidradenitis suppurativa in this region, the market is expected
to flourish.
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The rise in sports injury is prompting the development of
treatment devices that can aid in recovery without impeding movement. Reports
that review the medical device industry have been offered by Market Research Future,
which creates reports on industry verticals that assess the market development
and prospects. The market is projected to garner a CAGR of 7.5 % in the
duration of the forecast period.
The inclination towards rehabilitative techniques is
spurring the development of the kinesio
tape market trends globally. Kinesio tapes help greatly in ensuring the
improvement of blood flow and circulation, which reduces recovery times
considerably. The application of kinesio tapes in problems ranging from
headaches to foot problems is expected to motivate the development of the
market substantially in the coming period. The increasing prevalence of rehab
centers around the world is expected to create new opportunities for growth in
the upcoming period.
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The eminent players functioning in the kinesio tape market
globally are Changzhou DL Medical & Health Equipment Co. Ltd, Kinesio USA
(Kinesio Holding Corporation), Atex Medical Co. Ltd., Nitoms, Inc. (Nitto Denko
Corporation), KT Health (KT Tape), FysioTape B.V., Mueller Sports Medicine Inc,
RockTape, and SpiderTech.
Segmental Analysis
The segmental evaluation of the kinesio tape market is
carried out on the basis of type, application, end user, and region. On the
basis of type, the kinesio tape market has been segmented into precuts and roll
form. Based on the applications, the kinesio tape market is segmented into
medical rehabilitation and sports protection. Based on the end user, the
kinesio tape market is segmented into rehab centers, hospitals, professional
athletes, and others. Based on the regions, the kinesio market comprises of
Middle East & Africa.
Detailed Regional
Analysis
The regional evaluation of the kinesio tape market includes
regions such as the Middle East & Africa. The UAE is the major market for
kinesio tape in the Middle East & African region. Most of the demand for
kinesio tapes comes from watching athletes using them in the Olympics. Oman is
the second principal market and anticipated to be the fastest mounting market.
Furthermore, countries like Kuwait and Qatar markets are anticipated to have a
restricted but stable growth in the market for kinesio tape. The use of kinesio
tapes in the Olympic events caused a rise in the interest of people in the
kinesiology techniques and products which is helping in the development of the
market in the region. The interest in the products led to their
commercialization, manufacturing, and sale by several companies to realize the
unexpected demand for the kinesio tapes that was noted globally.
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Brain monitoring refers to the process of studying and
reporting brain functioning. Various EEG devices are widely used to detect
epilepsy, sleep disorders, brain death, and encephalopathy. The global brain
monitoring market is witnessing significant growth over recent years. Factors
such as the rising cases of various brain-related conditions such as
depression, neurological disorders, and others are driving the market growth,
predominantly.
Market Research Future (MRFR) reflects on the global brain
monitoring treatment market forecast in their report and as per that is
expected to garner exponential accruals by 2022. In its recent industry
analysis, MRFR also asserts that during the forecast period of 2013 – 2022, the
market would grow at a steady CAGR. The awareness about the various
neurological conditions and availability of advanced devices for monitoring
brain functions act as a significant driving force for the growth of the
market.
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The increasing prevalence of traumatic brain injuries (TBI)
and advancements in the therapeutics to manage the conditions act as a major
tailwind for the growth of the market. Besides, rising cases of TBI arise in
road accidents, violent assaults, blunt force trauma, and sports injuries
propel the growth of the market. Also, the availability of a range of
breakthrough diagnostics, drugs, and novel therapeutics to treat the brain
damages influence the market growth, helping the patients with early detection
and treatment to manage the conditions effectively.
Conversely, the prohibitive cost of brain monitoring devices
and unmet clinical needs are some of the major factors acting as headwinds for
the growth of the market. Nevertheless, the emergence of novel technologies
would support the growth of the market, making the brain monitoring devices
affordable. Also, the growing R&D activities in the field of diagnostic
devices and discoveries of modern therapeutics are expected to boost the growth
of the market.
Major Players:
Players leading the global brain monitoring market, include
Medtronic plc (Ireland), Philips Healthcare (Netherlands), Natus Medical Inc.
(US), Siemens Healthineers (Germany), Nihon Kohden Corporation (Japan), GE
Healthcare (UK), Electrical Geodesics Incorporated (US), Compumedics Ltd.
(Australia), Advanced Brain Monitoring (US), and CAS Medical Systems, Inc.
(US), among others.
Global Brain Monitoring Market – Segments
By Type of Devices :Magnetoencephalography(MEG),
Electroencephalograph (EEG), Intracranial Pressure Monitor, Cerebral Oximeters,
and Transcranial Doppler.
By Procedures : Invasive and
Non-Invasive.
By Modality : EEG Devices and
Fixed EEG Devices.
By End-users : Diagnostics Center,
Hospitals, and others.
By Regions :
Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World
Brain Monitoring Market - Geographical Analysis
North America leads the global brain monitoring market. The
market is predominantly driven by the availability and early adoption of
advanced technology in the well-developed healthcare sector of this region. Besides,
the rising prevalence of traumatic brain injury (TBI) alongside a large patient
pool suffering from brain injuries contribute to the growth of the regional
market.
The rising hospitalizations and mortality rates led by the
TBI increase the growth of the regional market. The US accounts for the largest
share in the brain monitoring market in North America. Owing to the high
healthcare expenditures, The North American brain monitoring market is expected
to retain its leading position, expanding at a significant pace.
Europe stands second in the global brain monitoring market.
The presence of a flourishing medical devices market and notable players in the
region acts as a major driving force behind the regional market growth.
Moreover, factors such as the increasing geriatric population and growing
incidences TBI across the region drive the growth of the market. Large
advancements in medical technologies and digital medicines support the growth
of the regional market.
The Asia Pacific brain monitoring market is emerging as a
promising market. Rising cases of neurological disorders in the Southeast Asian
and Western Pacific regions foster the growth of the market. Besides, rising
head injuries due to the road collisions alongside the increasing rate of TBI
in the region are promoting the growth of the APAC brain monitoring market.
Moreover, large unmet needs and the availability of low-cost treatment
procedures, are acting as key driving forces for the growth of the regional
market.
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