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Cell Isolation Market size is expected to register a CAGR of 17.1% during the forecast period and reach USD 10,567.4 million by 2023.
The escalated level of emphasis on biotechnological research is encouraging the growth of cell isolation market. Reports that appraise the healthcare industry have been made accessible by Market Research Future, which produces reports on several industry verticals that examine the market growth and prospects.
The cost-effective benefits harnessed from the use of cell isolation techniques is expected to be a major factor motivating the development of the market in the coming years. The use of cell isolation for applications such as microarray hybridization, biomarker identification, and genetic analysis is expected to bolster the market progress in the approaching period.
The central players shaping the cell isolation market comprise of Becton, Dickinson & Company, STEMCELL Technologies, GE Healthcare, Beckman Coulter, Merck KGaA., TERUMO Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific Inc., Miltenyi Biotec, F.Hoffman-La Roche AG, and others
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Cell Isolation Market Segmental Analysis
The segmental analysis of the cell isolation market is segmented on the basis of cell type, product, end-user, technique, application, and region. Based on the product, the cell isolation market is segmented into instruments and consumables. The segmentation of the cell isolation market report based on cell type comprises of animal cells and human cells. Based on the technique, the cell isolation market is segmented into surface marker-based cell isolation, centrifugation-based cell isolation, and filtration-based cell isolation. Based on application, the market for cell isolation is segmented into cancer research, biomolecule isolation, stem cell research, in-vitro diagnostics, tissue regeneration, and therapeutics. On the basis of end-user, the cell isolation market is segmented into biotechnology & biopharmaceutical companies, research laboratories & institutes, cell banks, and hospitals & diagnostic laboratories. On the basis of regions, the cell isolation market is segmented into the Americas, Europe, Asia Pacific, Africa, and the Middle East.
Cell Isolation Market Regional Analysis
The regional examination of the cell isolation market comprises of regions such as the Americas, Europe, Asia Pacific, Africa, and the Middle East. The Americas region is in charge of the principal segment of the overall market presently. The growing incidence of chronic diseases, mounting expenses in R&D activities directed by healthcare organizations and government bodies along with the growing demand for proper treatment options, are motivating the regional market. Additionally, the region is also technologically progressive, and emerging countries in the region possess considerably established healthcare sectors which are at the forefront of pioneering research and technology. In the meantime, the Asia Pacific is likely to improve at a vigorous CAGR of 17.7% throughout the forecast period. The incidence of an enormous population with a substantial patient pool as compared to other regions and the continuing initiatives presented by the government to restructure the healthcare sector is projected to motivate the market. Nations such as Singapore, Australia, and Malaysia, among others, are the greatest lucrative markets in the region and include large patient pools, increased amount of geriatric population and quickly improving healthcare facilities. The market is controlled by the absence of appropriate capital, among other factors. Though, a supportive regulatory framework concerning biotechnology research is anticipated to lift market growth.
Cell Isolation Market Competitive Analysis
The growth of the market is influenced by the presence of factors that are stimulating the growth of the market. The need to create a sustainable competitive advantage has accelerated the progress of the market in the forecast period. The diversified consumer tastes and trends in the market are anticipated to lead to an escalated development rate in the market. The use of strategic tools to further the development of the market in the coming years. The competitors have adopted diversified plans to increase their chances for success in the market. The creation of great competitive advantages is expected to aid in the development of the market. A substantial ascent in the number of promoters in the market is anticipated to shape a beneficial state of activities for the growth of the market in the forecasted period. The access to vital planned prospects imperative to the resultant stabilization of inflation is likely to produce a promising option for advancement in the forthcoming years.
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The global Drugs Of Abuse Testing Market is expected to grow at a CAGR of 5.33% over the forecast period from 2019 to 2025, according to a new research report from Market Research Future (MRFR). A detailed profile of the global drug of abuse testing market is presented in the report, including an analysis of the key players operating in the market, the market’s leading drivers and restraints, and the leading segments holding a dominant share in the market. The past growth trajectory of the global drug of abuse testing market is also examined in detail in the report to enlighten readers as to the likeliest growth trajectory of the market in the forecast period. The global drugs of abuse testing market is expected to rise to a value of more than USD 5 billion by the end of the forecast period in 2025, according to the report.
The growing use of illicit drugs all over the world and the growing awareness about drug of abuse testing are the major drivers for the global drugs of abuse testing market. Due to the growing number of youths becoming addicted to illegal substances, many governments around the world have come up with strong anti-drugs policies. Strict enforcement of drug monitoring policies is being practiced in most countries around the world. This has led to a growing demand for drugs of abuse testing equipment. This is likely to remain the major driver for the global drug of abuse testing market over the forecast period due to the increasing government efforts to fight growing drug usage.
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Technological refinement of small, portable drug of abuse testing devices is likely to be a major target for players in the global drug of abuse testing market over the forecast period. Parents are becoming increasingly concerned about illegal drug use by their wards, which has led to a growing demand for home-based testing for drugs. Drug of abuse testing equipment indicates whether drugs have been consumed within a specific timeframe, but they are not very good at revealing addiction patterns. This is likely to be a key restraint against the global drugs of abuse testing market over the forecast period.
Competitive Analysis:
Leading players in the global drug of abuse testing market include Quest Diagnostics, Thermo Fisher Scientific Inc., LabCorp, F. Hoffman-La Roche Ltd., Abbott Laboratories, Sonic Healthcare, Randox Laboratories, and Bio-Rad Laboratories Inc.
Segmentation:
The global drug of abuse testing market is segmented on the basis of test type and sample type.
By test type, the global drug of abuse testing market is segmented into laboratory drug testing and onsite screening tests. Onsite screening tests comprise the dominant segment due to the higher convenience and cost-effectiveness of onsite screening. The onsite screening tests segment held a dominant 71.62% share in the market in 2018.
On the basis of sample type, the drug of abuse testing market is segmented into urine, hair, saliva and others. Urine holds a majority share in the global drug of abuse testing market, as urine contains metabolites from several types of drugs. Saliva is the second most popular sample type in the drug of abuse testing market.
Regional Analysis:
The global drug of abuse testing market is segmented by region into North America, Europe, Asia Pacific, and rest of the world.
North America is the dominant revenue generator in the global drug of abuse testing market. The U.S. is the top consumer of drug of abuse testing devices and is likely to retain the position over the forecast period due to the strict enforcement of anti-drug legislation in the country. Awareness among parents about drug use among teenagers is also increasing, which is likely to be a key driver for the drug of abuse testing market in the U.S.
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The global actinic keratosis treatment market is predicted to touch USD 6,088.4 million at a 4.20% CAGR over the forecast period (2015-2024), states the new Market Research Future (MRFR) report. Actinic keratosis, simply put, is a scaly, rough patch on the skin which results from years of sun exposure. It is commonly found on the neck, scalp, forearms, back of the hands, ears, lips, or face. The size varies from a small inch to about a diameter, and when left untreated, such areas of the skin can turn into a serious type of skin cancer. Change in the color of the skin (brown, flesh-colored, or pink), hard wart-like surface, burning sensation and itching, and rough, patchy, scaly skin are some of its common symptoms.
No two cases will appear the same, yet is likely to share similar features such as sandpaper texture, crusty patches, raised patches, and red scales. Though anyone can develop actinic keratosis, but those with fair skin, particularly blonde or red hair, green or blue eyes, or skin that easily burns or freckles have a higher risk of experiencing actinic keratosis.
Various factors are propelling the actinic keratosis treatment market growth. These factors, according to the new MRFR report, include its increasing prevalence, increasing acceptance of therapeutic procedures that are minimally invasive, growing geriatric population, and the presence of suitable medical coverage. Additional factors pushing market growth include the availability of suitable medical attention and environmental factors such as excessive sun exposure and ozone depletion.
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Key Players
Leading players profiled in the actinic keratosis treatment market report include Cipher Pharmaceuticals Inc., Valeant Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Alma Lasers, Stanford Chemicals, 3M, Leo Pharma, BioLineRx, and Biofrontera AG. Various strategies have been adopted by key players to create a foothold in the market such as research and development activities, joint ventures/partnership, mergers and acquisitions, collaborations, expansions, product launches, and development.
Market Segmentation
The MRFR report provides a complete segmental analysis of the actinic keratosis treatment market report on the basis of end user, procedure, and medication.
Based on medication, the actinic keratosis treatment market is segmented into diclofenac gel, ingenol mebutate gel, imiquimod cream, fluorouracil cream, and others.
Based on procedure, the actinic keratosis treatment market is segmented into chemical peels, laser, photodynamic therapy, cryotherapy, and others. Of these, the cryotherapy segment will have the largest share in the market over the forecast period. This is a common treatment used for actinic keratosis.
Based on end user, the actinic keratosis treatment is segmented into ambulatory surgical centers, dermatology clinics, and hospitals and oncology centers. Of these, the hospitals and oncology segment will dominate the market over the forecast period.
Regional Analysis
By region, the actinic keratosis treatment market report covers the latest trends and growth opportunities across the Asia Pacific, Europe, the Americas, and the Middle East and Africa. Of these, the Americas will spearhead the market over the forecast period. Factors aiding growth in the region include easy availability of advanced treatment methods such as monotherapy and combination therapy and increasing efforts taken on cancer research in the region.
The actinic keratosis treatment market in the APAC region is predicted to have significant growth over the forecast period. Factors aiding growth in the region include growing government support for medical tourism, rising healthcare spending, rising literacy rates, rapidly growing healthcare infrastructure, and rising disposable income. India, Japan, and China are the key contributors in this region.
The actinic keratosis treatment market in Europe will have a favorable growth over the forecast period while the Middle East and Africa will experience sluggish growth.
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It is estimated that the global preimplantation genetic testing market is expected to register a CAGR of 10.2% during the forecast period of 2019 to 2025, with a market value of USD 375.8 million in 2018.
Preimplantation genetic testing is the testing at the pre-implantation stage for detection of genetic defects in embryos or oocytes. Preimplantation genetic testing has occurred more frequently in recent years in North America and Europe, due to the advancement in genetic technology.
The decreasing fertility rates worldwide enhance the acceptance of the preimplantation genetic testing to avoid further complications of chromosomal abnormalities with advancing maternal age. This leads to the growth of the preimplantation genetic testing market during the forecast period. According to the Vital Statistics Rapid Release, the total fertility rate for the US in 2017 was 1,764.5 births per 1,000 women, and in 2016 it was 1,820.5, which is 3% less, this shows the reduction in the rate of fertility.
An increasing number of fertility clinics worldwide, new development technological advancements in the field of genetic analysis and high threat of chromosomal abnormalities with advancing maternal age are the other driving factors for global preimplantation genetic testing market
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Key Players
Some of the major players in the global preimplantation genetic testing market are Natera, Inc.CooperSurgical, Inc., F. Hoffmann-La Roche AG, Illumina, Inc., IGENOMIX, Reprogenetics, LLC, Genea Limited, PerkinElmer, Inc., Genesis Genetics Ltd., Quest Diagnostics Incorporated, Thermo FisherScientific, Inc, Bioarrayn Genetics, Laboratory Corporation of America Holdings, California Pacific Medical Center and Reproductive Health Science Ltd
Segmentation
The global preimplantation genetic testing market is segmented based on procedure, type, application, technology, product and service, end user, and region.
The global market for preimplantation genetic testing, by procedure, is segmented into preimplantation genetic diagnosis (PGD) and preimplantation genetic screening (PGS). Hundred different genetic conditions can be tested with Preimplantation Genetic Diagnosis (PGD) which enables the couple to have a baby with no genetic defect thus the segment is expected to hold the largest market share owing to rising awareness population and healthcare experts. Preimplantation Genetic Screening (PGS) segment is also anticipated to grow profitably to increase healthy pregnancy.
By type, embryo testing segment is expected to show favorable growth as the threat of chromosomal abnormalities increases. By product and service, the reagents and consumables segment anticipated to hold the largest market share as there is continuous declination infertility of female due to increasing usage of reagents for the diagnosis. By technology, the next-generation sequencing segment, and comparative genomic hybridization also expected to hold large share as its cost is reduced and its capability to detect mosaicism. The market by end user has been segmented into maternity centers & fertility clinics
hospitals, diagnostic labs and research laboratories & academic institutes. Based on region, the global preimplantation genetic testing market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The global preimplantation genetic testing market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European global preimplantation genetic testing market has been sub-divided Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe. The global preimplantation genetic testing market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The IPF treatment market in the Middle East & Africa has been divided into the Middle East and Africa.
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The purpose of connected healthcare solutions is to consolidate information from many different aspects of a person’s life to give a complete picture of his/her health that includes biological, genetic, lifestyle, medical, and sentiment/mood data. This information is beneficial for personalized healthcare programs. Market Research Future (MRFR) has published a research report regarding global connected healthcare market that visualizes massive jump for this market with 30.2% CAGR for this market that would end in 2022. In terms of cash, this market is expected to be worth the US $ 105.33 bn.
Analyzing the market structure, this report offers insights about factors affecting the market growth. Evaluating market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances. Being a new model for healthcare delivery, connected healthcare can deliver healthcare services remotely. It ensures the best location, best doctor, and most relevant & efficient treatment methods at nominal costs for patients.
The global connected healthcare market has been segmented on the basis of application, type, and lastly, region. Based on application, this market has been segmented into diagnosis & treatment applications, education & awareness applications, healthcare management applications, monitoring applications, wellness & prevention application, and others. By type, the market gets segmented in this report into E-prescription, M-health devices, and M-health services. M-health devices have sub-segmented into connected drug delivery systems, medical devices, and wearable devices. M-health services have been sub-segmented into healthcare providers & pharmaceuticals, mobile health apps & content solution, and network & services/ mobile operators. Among types, M-health services segment is expected to hold the largest market share during the forecast period.
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The regional segmentation of the global connected healthcare market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). Among all regional markets, North America holds the largest market share in the global market, and it has been envisaged to grow at a CAGR of 28.75% by the end of the forecast period. In terms of cash, it is expected to be worth US $ 37.38 bn. North America has maximum advanced medical facilities as well as technology. In this region, the strongest economies that are the key country-specific markets are the United States of America (USA) and Canada.
Europe is the second largest regional market that is expected to grow at a CAGR of 30.48% by the end of forecast period. Due to advanced technology and the availability of better healthcare facilities, Western Europe is a greater market than Eastern Europe. The most important country-specific markets in Europe are Germany, France, Spain, Italy, and the United Kingdom (UK), followed by the rest of Western Europe, and then by Eastern Europe.
Asia Pacific region has been anticipated to rise the fastest growing regional market during the forecast period. By the end of the forecast period, this regional market is expected to be worth US $ 24.07 bn. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea.
The MEA region shows limited market slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability, poor healthcare facilities, and healthcare not considered a priority by most governments.
Key Players
The key players in the global connected healthcare market include Agamatrix, Inc. (USA), Airstrip Technology (USA), AliveCor Inc. (Australia), Allscripts (USA), Athenahealth Inc. (USA), Boston Scientific Corporation (USA), Cerner (USA), GE Healthcare (UK), Koninklijke Philips N.V. (Netherlands), Medtronics (Ireland), and Qualcomm (USA).
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Overview:
Oral cancer covers areas like cheeks, lips, tongue, pharynx, the floor of the mouth, hard & soft palate, and sinuses. The diagnostic process is very crucial as the treatment procedure depends on the stage of the cancer on which it has been diagnosed. If it is diagnosed earlier, then the treatment procedure becomes much easier. The global oral cancer diagnostics market is all set to score a 6.94% CAGR that would assist the market to surpass a valuation of USD 7,367.9 million during the forecast period of 2019 to 2024. Market Research Future (MRFR) makes a claim that the growth would be pervasive and attaining of this valuation would be easier.
Several factors like hike in awareness, better diagnostic procedures, rise in per capita income, improved reimbursement schemes, and others are expected to provide traction to the global oral cancer diagnostics market. However, the process can be quite costly, which can deter the market growth in the coming years.
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Competitive Landscape:
There are several companies in the global oral cancer diagnostics market that are taking significant steps to solidify their market position and better the growth rate of the market as a whole. These companies are Thermo Fisher Scientific Inc. (US), GE Healthcare (US), F. Hoffmann-La Roche Ltd (Switzerland), Hitachi Ltd (Japan), Siemens Healthineers (Germany), Canon Medical Systems Corporation (Japan), PeriRx, LLC (US), QIAGEN (Germany), Vigilant Biosciences, Inc. (US), and Koninklijke Philips NV (Netherlands).
Segmentation:
Indication, diagnosis type, and end-user are three definite segments that have been considered well for the global oral cancer diagnostics market. MRFR’s analysis is directed towards various factors that can reveal routes for the market and ensure better prospects for growth.
Based on the indication, the global oral cancer diagnostics market can be segmented into oral verrucous carcinoma, mucoepidermoid carcinoma (salivary gland), oral squamous cell carcinoma, oral cavity lymphomas, and others.
Based on the diagnosis type, the oral cancer diagnostics market comprises X-ray, endoscopy, biopsy, positron emission tomography (PET), computed tomography (CT), fluorescence imaging, magnetic resonance imaging (MRI), ultrasonography, and others.
Based on the end-user, the oral cancer diagnostics market includes hospitals & clinics, research & academic institutes, and others.
Regional Analysis:
Region-specific analysis of the global oral cancer diagnostics market is including namely, the Americas, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). The study of these four regions are expected to provide ample scope to identify various growth pockets that can be explored later to increase market profitability.
The Americas has the largest market share and is expected to continue its dominance in coming years. The growth would rely heavily on the presence of several key players, better healthcare infrastructure, hike in technological integration, better reimbursement policies, and others. Major market to provide traction are the US and Canada. North America is expected to score better than South America.
Europe is the second largest market and it shares features with the Americas, especially the regional market of North America. Regional governments are also known for their investment capacity, alongside other private investors. Among countries, France, Germany, and the UK are expected to score well in the coming years.
The APAC market is all set to gain substantially from the growing inclusion of technologies in emerging economies that are transforming their healthcare sector to accommodate better technologies and strategic developments. The region has massive population, which is recording a high number of oral cancer patients. Countries like India, China, and others are expected to take this market forward.
The MEA market can expect a steady growth due to the presence Africa with its several poor economies. The market is expected to get traction from the Middle Eastern countries like Dubai. Saudi Arabia, Israel, and others.
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Market Highlights
The Global Craniomaxillofacial Devices Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 2422 million in 2018 and is projected to register a CAGR of 7.2% over the forecast period.
The increasing participation of key players is one of the key factors driving the craniomaxillofacial devices market. In 2019, Kelyniam Global (KLYG) received premarket FDA approval for unique modifications to their PEEK cranio-maxillofacial implant product line.
Various other factors such as the acceptance of craniomaxillofacial (CMF) devices market in ambulatory settings, increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and growing demand for bioresorbable devices are also expected to propel the growth of the market.
However, the low success rate of surgical procedures and high costs and shortcomings of titanium implants can hamper market growth over the forecast period.
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Key Players
Some of the key players in the global CMF devices market are Aesculap Implant System LLP, Johnson & Johnson, Kanghui Orthopedic, OsteoMed, KLS Martin, MATRIX SURGICAL USA, Integra Lifesciences Corporation, Medtronic, Medartis AG, Stryker, Corporation, TMJ Concepts, W.L. Gore and Associates, Zimmer Biomet Inc., and others.
Segmentation
The global craniomaxillofacial devices market is segmented based on product, material, application, end user, and region.
The global market for craniomaxillofacial (CMF) devices, by product, is segmented into cranial flap fixation, craniomaxillofacial fixation (CMF) distraction, temporomandibular joint replacement
thoracic fixation, bone graft substitute, CMF plate, and screw fixation, and dural repair. The dural repair segment is further classified as dural sealants and dural substitutes.
Based on material, the market is segmented into metals and alloys, bioabsorbable, ceramics, polymers, and others.
Based on application, the market is segmented into neurosurgery, ENT, orthognathic & dental surgery, plastic surgery, and others.
Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others.
The ambulatory surgical centers segment is expected to witness the fastest growth over the forecast period due to rising acceptance of craniomaxillofacial (CMF) devices in ambulatory settings.
Regional Analysis
In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.
The CMF devices market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European CMF devices market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The CMF devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Craniomaxillofacial (CMF) Devices market in the Middle East & Africa has been segmented into the Middle East and Africa.
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Demand for oxygen therapies had been rising in the last couple of decades as numerous studies have pointed out that patients who undergo oxygen therapy live longer and lead more active lives. Medical oxygen concentrators market has therefore been expanding as oxygen concentrators have come to be increasingly used in not only hospitals and clinics but at homes by patients who require outpatient treatments or patients who wish to travel and continue to lead normal lives with considerable mobility in spite of the need for continuous requirement of oxygen supply.
Oxygen concentrators are less portable than the other options. An oxygen concentrator is a device that takes oxygen from the room, concentrates it for therapeutic use, and removes other naturally occurring gases. The benefits of concentrators are that they are less expensive and don’t require filling like tanks. Portable versions are available. However, most models are too large to be truly portable.
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Competitive Landscape:
Some of the companies that are making considerable contribution to the medical oxygen concentrators market include Philips Healthcare, Invacare Corporation, AirSep Corporation, Drive DeVilbiss Healthcare, Medtronic plc, ResMed, Chart Industries, Inc., Nidek Medical Products, Inc., Precision Medical, Inc., GCE Group, Besco Medical Limited, O2 Concepts, LLC, Inogen, Teijin Limited, OSI - Oxygen Solutions Inc.
Segmentation
The global medical oxygen concentrators market has been segmented into product, technology, indication, end user, and region.
By product, the market has been segmented into portable oxygen concentrators and stationary oxygen concentrators.
On the basis of technology, the market has been divided into the continuous flow and pulse dose.
Based on indication, the market has been categorized into chronic obstructive pulmonary disease, asthma, sleep apnea, and others.
By end user, the market has been classified into homecare, travel, hospitals and clinics, and others. Home oxygen concentrators facilitate convenience and make it easier and safer for the patient to complete their day-to-day activities, which is supporting the dominance of the homecare segment during the next six years.
Regional Analysis:
Geographically, the North America held a substantial share in the medical oxygen concentrators market in 2018 which can be attributed to the presence of established home healthcare care services, active participation of key market players, increasing incidence of respiratory diseases, and favorable reimbursement scenario in the U.S. and Canada.
Expanding geriatric population in Europe coupled with rising prevalence of asthma, pulmonary hypertension, COPD, and fibrosis, would lead the region to be the second largest value contributor to the medical oxygen concentrators market.
Increasing healthcare expenditure, improvement in healthcare infrastructure and expanding awareness about need for oxygen concentrators will augment Asia-Pacific medical oxygen concentrators market growth. The region is anticipated to register the fastest market CAGR over 2018-2024 owing to increasing demand for portable concentrators.
The medical oxygen concentrators market in the Middle East & Africa would witness the modest market growth rate from 2018 to 2024. The Middle East would spearhead the market attributed to the rising prevalence of sleep apnea.
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The global ultrasound devices market is expected to exhibit a strong 8.1% CAGR over the forecast period, rising to a valuation of USD 10.37 billion by 2023, according to a new report from Market Research Future (MRFR). The report elaborates on the major drivers and restraints for the global ultrasound devices market in detail by analyzing their impact on the market’s trajectory over the forecast period.
The growing demand for ultrasound devices for diagnostic purposes is likely to be the major driver for the global ultrasound devices market over the forecast period. Ultrasound devices work by sending out high-frequency sound waves that provide a picture of the targeted area based on the response of various bodily tissues to the sound waves. Since different tissues react differently to the same sound waves, the technique has become popular in the healthcare sector. The lack of invasion in the use of ultrasound devices has also become a key plus point for the market due to the growing obsession with minimally invasive and noninvasive medical procedures. Therapeutic applications of ultrasound include targeting a specific patch of tissue for stimulation or removal by bombarding it with high-frequency sound waves. This application is also likely to remain a key factor for the global ultrasound devices market’s growth over the forecast period.
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The growing demand for more advanced ultrasound devices in the gynecology sector is likely to be a major driver for the global ultrasound devices market over the forecast period. The development of 3D and 4D ultrasound imaging has allowed for the diagnosis of congenital defects clearly and earlier in the pregnancy, which has made the procedures widely popular in the healthcare sector around the world. 4D imaging also allows live action viewing of the fetus, which allows physicians to detect more abnormalities. This is likely to be a major driver for the global ultrasound devices market over the forecast period.
Competitive Analysis:
Leading players in the global ultrasound devices market include Siemens AG, GE, Hitachi Ltd., Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.
Leading players in the global ultrasound devices market are likely to focus on bringing about steady technological innovation and updation in their products in the coming years, as developing more modern products has become a key selling point in the industry. The rising threat of web-based intrusions is also likely to make companies focus more on technological updation. In March 2019, security specialist Check Point Software Technologies said in a report that ultrasound devices running on older operating systems such as Windows 2000 were virtually defenseless against modern hackers, which could result in the hackers gaining access to confidential hospital information and making exorbitant ransom demands on the hospital. Eliminating this threat is likely to be top of the agenda for the leading players in the global ultrasound devices market over the forecast period.
Segmentation Analysis:
By portability, cart/trolley-based devices accounted for the largest market share in 2017 due to its utilization in acute and emergency care settings. The segment is likely to register strong CAGR during the forecast period expected to hold significant market share during the forecast period. Handheld/compact ultrasound devices accounted for the second largest share due to the rising adoption of these by healthcare professionals.
By display, color devices accounted for a largest market share in 2017 compared to its counterpart, black/white ultrasound devices. The former can touch a size of USD 7,509.12 million by 2026, while the latter is likely to show prominent growth by the end of the forecast period.
By application, radiology/general imaging is likely to register highest CAGR during the assessment and likely to dominate the market by 2026. It accounted for the largest market share in 2017 due to its vast medical applications. The rising geriatric populace and incidence of various cancers can spur the segment growth. On the other hand, cardiology is also showing significant growth by 2026.
By technology, diagnostic accounted for the largest market share in 2017 due to the use of 2D ultrasound in women’s health. It is likely to show CAGR over the assessment period and hold significant market share by 2026 due to the continuous advances in imaging and reimbursement schemes for these procedures. On the flip side, therapeutic ultrasound is expected to hold second position by 2026.
By end-user, hospitals and diagnostic & surgical centers dominated the ultrasound devices market in 2017 due to emergence of various hospital chains and rising number of minimally invasive diagnostic procedures by doctors. The segment can grow with strong CAGR and expected to hold first position in the market. Ambulatory care centers can exhibit the highest CAGR of 3.61% during the forecast period thanks to the facilities providing same-day care diagnostic and surgical procedures.
Regional Analysis:
The Americas is likely to be the major regional market for ultrasound devices over the forecast period due to the widespread adoption of advanced ultrasound technology in the region and the growing demand for advanced diagnostic modalities and devices. Europe is also likely to remain a major regional market for ultrasound devices over the forecast period due to the growing healthcare expenditure in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the growing demand for advanced medical facilities and devices and the increasing investment in hospitals and medical technology.
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Market Overview
Market Research Future (MRFR) says that the global gene expression analysis market could hold the value of USD 3.250 million by 2023. The market could also achieve a CAGR of 9.1% during the forecast period (2018-2023).
Growth Boosters and Key Restraints
Personalized medicine, with its ability to affect diagnostic and treatment decisions for every patient, has brought an evolution in modern medicine. Diagnosis, treatment, as well as lifestyle interventions, have now become progressively personalized to every patient genetics, family history along with other factors.
Technologies have made it easier for healthcare professionals to track every patient’s health information and offer personalized care. Personalized medicine has gained immense traction as a result of the boost in the number of genetic disorders. Additionally, the mounting awareness about this form of treatment will drive the market in the near future. The rising technological advancement including molecular services and NGS are uplifting the demand for gene expression services. This factor will ensure the success of the gene expression analysis market during the evaluation period.
The downside could be the high cost of instruments, hindering the market growth in the review period. But the development of genomic databases, surge in government funding towards genomics, and increasing personalized medicine are projected to elevate the market position in the subsequent years.
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Rising Investments in Gene Expression Analysis Researches
With gene expression analysis, genetic modifications recorded in animals like mice has given way to advancements in drug discover as well as development, clinical diagnostics and biotechnology, among others. Companies along with research institutes are working on projects based on gene expression analysis. These projects are seeing massive success backed by high investments as the demand for nucleic acid analysis, gene cloning & analysis, and other related microbiological methods is rising.
Leading Vendors
Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, GENERAL ELECTRIC COMPANY, Pacific Biosciences of California, Inc., Illumina, Inc., Genotypic Technology Pvt Ltd, Danaher, QIAGEN, Oxford Gene Technology, Thermo Fisher Scientific, BGI, PerkinElmer Inc., Macrogen Inc., Eurofins Scientific, are some of the companies currently leading the worldwide gene expression analysis market.
Market Segmentation
The global market for gene expression analysis has been segmented on the basis of product, services, application, and end-user.
The market, product-wise, include consumables and instruments.
Depending on consumables, the market covers reagents and DNA chips.
Instruments-based segments in the market are polymerase chain reaction (PCR), next-generation sequencing (NGS), microarray, Sanger sequencing, and others.
The services mentioned in the report are gene expression profiling services, sequencing services, bioinformatics solutions, and others.
Gene expression analysis finds applications in drug discovery, diagnosis, research, and others.
The end-users highlighted in the report are pharmaceutical & biotechnology companies, academic & research institutes, contract research organizations, and others.
Regional Outlook
The primary markets for gene expression analysis are Europe, Asia Pacific, Middle East & Africa and the Americas.
During the forecast period, the Americas could very well reach the top position in the global gene expression analysis market, estimates MRFR. The highly-established infrastructure, huge expenditure, and increasing research and development activities in the region play a big role in this growth. The market also gets a boost from the large number of established players based in the region. Case in point is GE Healthcare, which alone generated revenue of USD 19.1 Billion in 2017.
Standing at the second spot, Europe is now an established region in the global gene expression analysis market. The regional market gains from the numerous government initiatives taken in research and development associated with gene expression analysis. Europe is also inundated with esteemed companies such as F. Hoffmann-La Roche Ltd. To illustrate, F. Hoffmann-La Roche, in February 2018, had received an approval from the U.S. Food and Drug Administration (FDA) for its multiplex Factor V and Factor II assessment which could be used on Cobas 4800 systems. This system is known for achieving real-time PCR analysis for high volume labs.
Asia Pacific could expect the fastest growth in the worldwide market. The rising number of global partnerships for the expansion of the region’s healthcare sector, government focus on cancer as well as life science research and internal manufacturing of the sequencing systems favors the regional market. Other factors promoting market growth could be the massive R&D investments and the booming bioresearch centers. On top of this, the surge in the number of research activities in agriculture and the growing approval of gene expression tests add to the market’s strength.
Middle East and Africa could project weak growth in the coming years on account of substandard healthcare amenities and low fund investments associated with research and development activities.
Industry Update
Amicus Therapeutics Inc. has collaborated with Thermo Fisher Scientific, wherein the process for CLN6 Batten disease gene therapy will now be moved to Thermo Fisher. It will now go through a similar GMP process for commercial and clinical level manufacturing as well as supply.
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