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Market Overview
The global Empty capsule market is expected to register a
CAGR of approx 8.8 % during the forecast period of 2018 to 2023.
Market Dynamics
The global empty
capsule market is being driven by increasing investments in capsule
manufacturing plants, rising demand for halal capsules, and growing
applications in the nutraceutical industry. Furthermore, the popularity of
capsule-based drug delivery systems has grown in recent years, resulting in a
rise in capsule demand. Many industry players have increased their investments
in capsule manufacturing plants in response to the current market conditions,
in order to increase their capsule production capacity and meet the increasing
demand. Following the illustrated route, Capsugel (a Lonza company) invested
more than USD 25 million in 2015 to expand its vegetarian capsule production
range. To summarize, such investments allow companies to expand their
production capacity and make capsules available to customers on the market. As
a result, rising investments in capsule manufacturing plants are expected to
provide a sufficient driving force during the forecast period.
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Due to various factors such as taste masking capability and
improved distribution of dosage types, hard capsules are becoming more common
in the nutraceutical industry. Furthermore, a number of well-known empty hard
capsule manufacturers are working on products for the pharmaceutical and
nutraceutical industries. Capsugel, for example, makes coni-snap sprinkle
capsules for consumer health and nutrition applications. These capsules are
often intended to meet the needs of the increasing population of people who
have trouble swallowing. Thus, during the forecast period, the market is
expected to be driven by rising demand for nutraceutical products and parallel
consumption of capsules within the industry.
During the forecast period, however, the high cost of
vegetarian capsules and fluctuating raw material prices are expected to limit
market growth.
Competitive Dynamics
Some of the key players in the global Empty capsule market
are Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated
Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab
Caps and others.
Market segmentation
The global Empty capsule market is segmented based on raw
materials, physical characteristics, certification, end user and region.
On the basis of raw materials, the market is segmented into
Bovine, Porcine, Non-gelatin.
Further, on the basis of physical characteristics, the
market is segmented into hard capsules, soft capsules.
Based on the certification, the market is segmented into
halal certification, non-halal certification and others.
On the basis of end user, the market is segmented into
pharmaceutical industries, academic & research organizations.
Regional Overview
In the current scope of the study, the above-mentioned
segments are covered into four global regions, namely- the Americas, Europe,
Asia Pacific and the Middle East & Africa.
North America and South America make up the vacant capsule
market in the Americas. North America is further divided into two parts: the
United States and Canada. In the global empty capsule market, the Americas had
the largest share. There has been an increase in the use of these
nutraceuticals since they aid in the prevention of major health problems such
as obesity, cancer, and arthritis. Since capsules are the most common solid
oral dosage type, the nutraceutical industry in this region has a high demand
for empty capsules.
After the Americas, Europe was the second-largest market.
Western Europe and Eastern Europe are the two areas that make up Europe.
Germany, the United Kingdom, and France account for the majority of the market
share in Western Europe. Growing applications in the nutraceuticals industry,
rising disease prevalence, and other factors are driving the growth of the
empty capsule market. The rising prevalence of the geriatric population, as
well as the chronic diseases that come with it, creates a high demand for
therapeutically effective drugs to treat chronic illnesses.
In the empty capsule market, Asia Pacific is the fastest
growing country. The proliferation of pharmaceutical industries in this area, favorable
government initiatives pertaining to the development of healthcare
infrastructure, which includes pharmaceutical manufacturing industries, and
rising demand for nutraceuticals and cosmeceuticals as a result of increased
awareness about wellness trends and fitness-oriented cha Furthermore, the
growing demand for better diagnostic instruments, better and safer therapeutic
approaches, rapidly evolving technology, and the presence of a large patient
pool are driving this market's growth in Asia Pacific.
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Market Highlights:
The Global Smokeless Tobacco Treatment Market 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 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 marketis 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 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 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 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 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 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 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. 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, this innovative product can be used for the treatment of diabetic
retinopathy and age-related macular degeneration disorders.
The high costs associated with ophthalmic procedures, rising
prices of ophthalmic lasers products, and scarcity of technicians to handle
ophthalmic devices are likely to hinder Ophthalmic
Lasers market growth during the forecast period.
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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 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 protein
Sequencing 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 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 healthcare
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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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.
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.
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.
The
service-based segments of the healthcare cloud computing market are innovative
forms, such as; Infrastructure-As-A-Service, Software-As-A-Service (SaaS), and
Platform-As-A-Service. The software as a service is observed to gain traction
due to its large-scale and diversified utility, which can bolster the SaaS
healthcare cloud computing segment rise. The platform as a service segment is anticipated
to rise at high pace and acquire significant share of the global market. The
increasing adoption of infrastructure as a service is likely to improve its
segment impetus, thus favor the market
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.
In Asia Pacific,
the healthcare cloud computing market is likely to thrive due to the fast-paced
development of the healthcare sector. India, Australia, and China are some
countries in the region with massive patient population and are investing in
innovations that can boost efficacy of operations in treating these masses.
Thus, the surge in rate of adoption of advanced healthcare cloud computing
solutions can prompt APAC market during the forecast term.
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Market Scenario
The global Respiratory Care Devices Market 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 respiratory
care devices market.
On the other hand, the lack of understanding of respiratory
issues, strong competition, and the expense of the system and respiratory
surgery impede business development. In fact, a lack of understanding, leading
to a significant under-diagnosed and under-treated population coupled with the adverse
effects of some respiratory treatment products on neonates have hindered the
market expansion to a certain extent.
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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.
The application-based segmention of the market consists of infectious
diseases, sleep apnea, asthma, chronic obstructive pulmonary disease (COPD),
and other diseases.
The end-users-based segmentation of the market comprises hospitals,
ambulatory care, clinics, home care, and others.
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.
Due to the most prevalent causes of respiratory disease and
mortality including cigarette smoking, illnesses, and air pollution, the
Asia-Pacific market is projected to be the fastest growing segment in the short
term. Factors including access to appropriate care centers, improved
penetration rates, increased disposable income and increasing medical tourism
help fuel the fastest growing region. The government and NGOs are taking
various steps to disseminate public information and environmental protection
over the prevention and treatment of respiratory diseases.
The Middle East and African economies are projected to
account for the smallest share of the overall demand for respiratory devices
due to underdeveloped healthcare system, lack of technological expertise and
inadequate medical facilities.
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Market Scope
Market Research Future (MRFR) studied the global negative
pressure wound therapy 2021 for the review period till 2023. As per MRFR
assessment, the Negative Wound Therapy Market is expected to register 6.7% CAGR
over the analysis period. By 2023, the negative pressure wound therapy market
is expected to earn decent revenue.
Drivers and Restrains Impacting Negative Pressure
Wound Therapy
The rising prevalence of chronic diseases contributing to
increase in number of patients prone to fatal wounds is creating the need for negative-pressure
wound therapy (NPWT) that can prompt the market expansion. The surge in
application of sealed wound-care system for large chronic persistent wounds and
acute complicated wounds can add to the market upsurge. The availability of
modern medical technology and such assisted system by negative pressure wound therapist
to promote healing can improve the growth of the market in the years to come. The
rapid adoption of NPWT devices that can manage acute and chronic wounds caused
in diabetic ulcers, venous ulcers, first- and second-degree burns, pressure
ulcers, and arterial ulcers. The growing preference for applying vacuum to heals
wound by a sealed wound dressing that draws out fluid and debris from the wound
and promote blood circulation in the affected region can prompt the growth of negative pressure wound therapy
market.
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The growing prevalence of chronic diseases, such as; diabetes
and obesity, along with surge in expense on chronic and surgical wounds can
contribute to the growth of the negative pressure wound therapy market.
Moreover, the increasing causalities caused by trauma and accidents is creating
the demand for global negative pressure wound therapy, which, in turn, can
support the expansion of negative pressure wound therapy market in the year to
come.
On the flip side, the high expense associated with this therapy
compared to other conventional wound therapy and the lack of trained healthcare
professionals to perform such treatment are some major concerns that are anticipated
to pose serious threat to the market over the assessment period. Also, the absence
of proof of the clinical adequacy of negative pressure wound therapy market can
add to restrains on the market in the coming years.
Segmental Analysis of Global Negative Pressure Wound Therapy
Market
The segment study of the global negative pressure wound
therapy market is based on wound type, end-user, and product type.
The product type-based segments of the global negative
pressure wound therapy market are conventional negative pressure wound therapy
devices, single-use negative pressure wound therapy devices, and accessories. The
conventional segment is likely to hold the largest market share of the overall
market owing to the surging demand for the conventional negative pressure wound
therapy devices for managing wound exudates.
The mode of wound type-based segments of the global negative
pressure wound therapy market are ulcers, traumatic wounds, surgical, and
burns. The segment of ulcers is expected to acquire considerable revenue for
the market and the segment is studied for venous ulcers, pressure ulcers, and
diabetic foot ulcers among others. The segment of surgical and traumatic wounds
is expected to account for the highest share of the overall market owing to the
surge in prevalence of wounds and the rise on spending to treat chronic and surgical
wounds.
The end-users-based segments of the global negative pressure
wound therapy market are hospitals, and home care settings among others. The
segments of the hospitals is likely to secure the largest share of the global
NPWT market owing to the rise in number of surgeries that are performed in
hospitals.
Regional Insights of Global Negative Pressure Wound Therapy
Market
The regional study of the negative pressure wound therapy
market is assessed across Asia-Pacific, Europe, Americas, and the Middle East Asia
and Africa.
The market of negative pressure wound therapy market in the Americas
is anticipated to retain its forefront position in the global market. The
presence of robust healthcare sector and surge in accidents, along with the increase
in cases of diabetes foot can promote the negative pressure wound therapy in
the healthcare sector.
Competitive Dashboard of Global Negative Pressure Wound Therapy
Market
Lohmann & Rauscher International GmbH & Co. Kg,
Mölnlycke Health Care AB (A Subsidiary of Investor AB), Smith & Nephew,
Talley Group, Medela, DeRoyal Industries Inc., Genadyne, ConvaTec Group Plc,
and ACELITY L. P. Inc., Cardinal Health are some reputed companies in the
worldwide negative pressure wound therapy market that are listed by MRFR.
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About US:
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),
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New York 10013,
United States of America