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Market Synopsis:
Market Research Future (MRFR)’s new analysis projects that the global healthcare chatbots market is set to witness healthy growth in the forthcoming years. The integration of Artificial Intelligence (AI) in the healthcare sector has paved the way for the adoption of chatbots. Additionally, healthcare chatbots are poised to handle complex tasks such as personal monitoring, appointment booking, etc. in an efficient manner and maximize the productivity of the organization. This, in turn, is expected to propel the expansion of the healthcare chatbots market.
The inclination towards cost cutting without compromising on the quality of services has accelerated the adoption of the technology in the healthcare sector. Additionally, the large-scale penetration of IT services has further catalyzed the growth of the top health chatbots market. The trend is projected to perpetuate over the next couple of years.
The compatibility of chatbots with mobile platforms has accelerated revenue creation for the players of the healthcare chatbots market. The exponential demand for smartphones is prognosticated to drive the growth of the market significantly in the coming years.
Competitive Dashboard:
Some of the key players profiled in the report are Babylon Healthcare Service Limited (U.K.), PACT Care BV (Netherlands), Sensely, Inc. (U.S.), Buoy Health, Inc. (U.S.), Your.MD (U.K.), Infermedica (Poland), GYANT.Com, Inc. (U.S.), Ada Digital Health Ltd. (Germany), HealthTap, Inc. (U.S.), Baidu, Inc. (China), and Woebot Labs, Inc. (U.S.).
Market Segmentation:
By component, the healthcare chatbots market has been segmented into software and services.
By deployment model, the global healthcare chatbots market is segmented into on-premise model and cloud-based model.
By application, the healthcare chatbots market has been segmented into symptom checking & medication assistance, and appointment scheduling & medical guidance.
By end user, the global healthcare chatbots market is segmented into patients, healthcare providers, insurance companies and others.
Regional Analysis:
By region, the global healthcare chatbots market has been segmented into Europe, North America, Asia Pacific, and the Rest of the World. North America is set to witness significant growth over the next couple of years. The factors responsible for favoring the growth of the regional market include rapid technological advancements, increasing adoption of artificial intelligence, consolidation of key players and presence of developed healthcare sector.
Europe is another important growth pocket of the global healthcare chatbot market. Rising healthcare expenditure coupled with increased research and development activities are set to aid the healthcare chatbots market proliferation in the region.
Asia Pacific is a highly lucrative market globally and is expected to remain so in the foreseeable future. The growth trajectory of the healthcare chatbots market in the region is guided by increasing investment in modernization of healthcare facilities and rising demand for advanced technologies in the healthcare sector. Meanwhile, the Middle East & Africa is set to exhibit little growth. The growth of the region is driven by Middle Eastern countries with developed healthcare sectors, while, the economically backward African regions remain impediments to market expansion.
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Market Insights
Healthcare research and the high demand for food are key areas where next-generation sequencing is being used extensively. Increasing genetic disorders are being diagnosed which has drastically increased the demand for next-generation sequencing. Moreover, the use of this technology in drug discovery is significant and expected to drive growth as the demand for effective drug therapies increases.
Also known as massive parallel sequencing or high throughput sequencing technology, next-gen sequencing has been transformative for the field of genomic research as it allows the sequencing of a complete human genome in a very short amount of time. During the process, the genetic material is extracted, fragmented, and associated with various factors for amplification. As such, this technology is highly effective and advanced thus driving its adoption and growth. The improved speed and reduced costs are expected to drive market growth. Use in clinical applications, agricultural applications, and forensic applications are growing rapidly.
Increasing awareness, employment of various growth strategies and ongoing technical advancements are expected to provide the market with ample opportunity for growth. However, the high initial cost of implementing technologies, and the requirement for storage of large volumes of data as well as a lack of skilled workforce to run the technology are challenges to the growth of the Next Generation Sequencing market.
Key Players
Oxford Nanopore Technologies, Ltd., BGI, Pacific Biosciences of California, Inc., PerkinElmer, QIAGEN N. V., Eurofins Scientific, Agilent Technologies, Macrogen Inc, Illumina, Inc., and Thermo Fisher Scientific, Inc. are among the notable market players that have been included in MRFR’s competition tracking of the global next generation sequencing market.
Market Segmentation
Analysis of the markets several parts are included in MRFR's segmental analysis which has been performed on the basis of technology, service & product, application, end-user, and region.
The technology used in next-generation sequencing includes whole exome sequencing, CHIP sequencing, whole genome sequencing, methyl sequencing, targeted resequencing, de novo sequencing, and RNA sequencing, next generation sequencing data analysis.
By service & product, the next generation sequencing market has been segmented into consumables, sample preparation, platforms & services for platforms, and sequencing services. The sample preparation segment is further divided into end repair, A-tailing & size selection, quality control, library preparation & target enrichment, and DNA fragmentation. Other sub-segmentations have been mentioned and expounded on in the report.
Applications of next-generation sequencing include genetic screening, drug discovery, diagnostics, agriculture & animal research, and others.
End-users of next-generation sequencing include hospitals & clinics, academic institutes & research centers, pharmaceutical & biotechnology companies, and other end-users.
Regional Analysis
The global next generation sequencing market is segmented into key regions which include the Americas, Asia Pacific, Europe, and the Middle East & Africa. North America in the Americas region is slated to lead the market with the largest share due to the high competition between market players in the region as well as the rising demand for next-gen sequencing in the healthcare sector of developed economies such as the US and Canada. Moreover, the presence of a significant healthcare sector in the region combined with growing investments in healthcare toward the development of therapies for chronic diseases will push growth during the forecast period.
The European region has the second largest market due to the significant R&D activities that take place in the region with regards to various fields including healthcare. The presence of pioneering next-gen sequencing technology market players are expected to make an impact on the market. However, growth here is restrained due to regulations and fragmentation of the market across Europe.
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The global healthcare supplements market is projected to grow steadily and generate incredible revenues over the forecast period of 2017-2023, reveals a research report by Market Research Future (MRFR). Prevalence of lifestyle diseases such as diabetes, obesity and cardiovascular disorders which leads to an adoption preventive healthcare approach which, in turn, results in increased demand for health supplements. The intake of health supplements is particularly prevalent among athletes who are primarily reliant upon health supplements to compensate for inadequate diet and meet the high demands of rigorous training. The culture of supplement use is growing considerably among the youth population due to growing consciousness to maintain fitness and desire to look good. Increasing awareness regarding the health benefits of health supplements coupled with easy availability in local shops and drug stores aid the growth of the market. Changing lifestyle and inclination towards natural supplements are expected to boost the market for health supplements.
The health supplement market faces a unique challenge from varying regulations and enforcement process across the globe. Regulations and enforcement practices pertaining to health supplements vary across nations, and products and ingredients often have to be tailored to facilitate sales. Lack of standardization in the market and sale of fake, unregistered and unapproved products i9s also a challenge to the growth of the industry.
Increased practice of self-diagnosis and self-medication coupled with the availability of active nutrition supplements over the counter has augmented the market growth. Additionally, the rise in geriatric population and adoption of preventive health care among them also spur the market growth. Rise in promotional activities through social media has been able to popularize health supplements and has driven the market. However, lack of awareness regarding dosage of supplements and health hazards associated with over or improper consumption of health supplements might limit the market growth.
Competitive Landscape
The global health supplements market is highly competitive. The entry of industry players into the market has intensified the competition, and the market players are implementing various strategies to capture a considerable share of the market. The key players functioning in the market include Herblife International (U.S.), E. I. du Pont de Nemours and Company (U.S.), Abbott Laboratories (U.S.), The Nature's Bounty Co. (U.S.), GlaxoSmithKline Limited (U.K), BASF SE (Germany), Glanbia plc (Republic of Ireland), Alticor Inc. (U.S.), Bayer AG (Germany).
Segmentation
The global health supplement market has been segmented based on type, application, ingredient, and end-user. By type, the market has been segmented into dietary supplements, bodybuilding supplements, eye health supplements, specialty supplements, and others. By application, the market has been segmented into cardiology, rheumatic disorders, allergy, and others. By ingredients, the market has been segmented into vitamins & minerals, amino acids, botanicals, enzymes, and others. By end-user, the market has been segmented into hospitals, clinics, research centers, and others.
Regional Analysis
The key markets of the global health supplement market include the Americas, Europe, Asia-Pacific and the Middle East & Africa. The Americas account for the most significant share of the market owing to the concentration of key players in the region coupled with the availability of funds for research and development due to government support. Increasing investment in healthcare is also supporting the growth of the market in the region. Europe is the second largest market for health supplements. High healthcare expenditure, government funding for R&D activities and presence of key players in the region can be attributed for the position. Asia-pacific market is projected to exhibit substantial growth over the forecast period owing to the availability of the massive patient pool, increasing healthcare spending and rising disposable income in emerging countries of the region. The Middle East &Africa market holds a small share of the market and is foreseen to progress slowing due to lack of awareness regarding healthcare and unavailability of funds.
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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Acknowledging the exponential growth the market perceives currently and gauging the potential the market holds to grow in the future; Market Research Future (MRFR), in its recently published market forecast asserts that the global Hospital Furniture market will grow exponentially by 2023, registering more than 9% CAGR throughout during the forecast period.
Increasing prevalence of different chronic diseases increasing the demand for the therapies, surgeries, and hospitalization, accounts for one of the key growth propellers. Increasing patents’ expectations and demand for more advanced hospital infrastructure is also one of the factors contributing to the market growth. Furthermore, technological advancements transpired the manufacturing processes for furnishings, bettering the techniques further provide significant impetus to the market growth.
Key Players
Major players profiled in the hospital furniture market report include Moore Medical LLC (US), Ocura Healthcare Furniture (UK), Narang Medical (India), Hill-Rom (US), Chang Gung Medical Technology (China), GPC Medical Ltd (India), The Brewer Company (US), Bristol Maid Hospital Metalcraft (UK), DRE INC (US), Anetic Aid Limited (UK), Bio Medical Solutions (India), KI (US), and Stryker Corporation (US). Key players have used numerous strategies to suffice the growing needs of customers, such as product launch, collaboration, and mergers.
Global Hospital Furniture Market – Segmentations
MRFR has segmented the report into four key dynamics for an easy grasp and enhanced understanding:
By Types: Comprises Bed-side Tables, OT Tables, Instrument Stands, Stretchers, Hospital Beds, Chairs, Scrub Sinks, Waste Containers, and Trolley, among others.
By Applications : Physician Furniture, Patient’s Furniture and Staff’s Furniture among others.
By End-Users: Hospitals, Diagnostic Centers, and Clinics among others.
By Regions: North America, Europe, APAC and Rest of the World.
Global Hospital Furniture Market – Geographical Analysis
Globally North America leads the Hospital Furniture market with the significant market share. The Market is expected to grow phenomenally during 2017 to 2023. Attributing to the high healthcare expenditure and increasing demand for better infrastructure and furniture, the market is expected to perceive a healthy growth. Another important driver for the regional market growth is the rapid uptake of new technologies in the US.
Europe emerging as a lucrative market for Hospital Furniture will grow at a phenomenal CAGR. The resurging economy in the region is expected to foster the regional market growth.
Asia Pacific market for the Hospital Furniture is expected to perceive the fastest growth by 2023 at a modest CAGR during 2017 to 2023. India and China backed by the huge population and the growing focus on improving the healthcare facilities.
Moreover, the fastest growing healthcare sector will provide impetus to the market growth. Vietnam, Thailand, and Malaysia among other South East Asian countries are projected to contribute significantly to the regional market growth. Besides the growing penetration of healthcare insurance is expected to drive the Hospital Furniture market in the in the Asia Pacific region.
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Market Insights
Stem cells have been acknowledged for their promising potential toward the development of various cutting-edge treatments for a number of diseases. As such, stem cell assays have a rapidly growing market. Stem cell assays are essentially the techniques used for analyzing living cells by various parameters which ultimately help determine the biochemical and cellular functioning of cells. This has immense promise in drug development activities. Market Research Future's study of the market in its latest report has found that the global stem cell assay market is on track to register a highly optimistic outlook at a CAGR of 19.80% during the review period from 2017 to 2023.
Stem cell assays are a promising part of the biotechnology field, which is growing at a rapid pace. The prevalence of chronic and several lifestyle diseases has compelled the growth of drug development activities in an effort to develop effective treatments. Diseases such as cancer and diabetes are soaring at high rates and the demand for better, efficient and more affordable treatments are driving the market toward growth. Healthcare expenditure across the globe is increasing, and advancement in biotechnology and other medical technologies is highly encouraging of market growth. Government support toward drug development for chronic diseases has increased stem cell assay market research.
Key Players
Prominent players included in MRFR’s report are Cell Biolabs, Inc., Thermo Fisher Scientific, Hemogenix, Merck KGaA, Promega Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Bio-Techne Corporation, Cellular Dynamics International Inc., STEMCELL Technologies Inc., and others
Regional Analysis
The Americas have captured the dominant share of the global market. The presence of North America in the region has had a significant impact on the regions market share possession. The rapid adoption of advanced medical technologies and the presence of a large patient population for various chronic diseases drive the Americas' market. Moreover, the regions healthcare expenditure is rising, and there are several leading players present in the North American sub-market.
Meanwhile, growing at the fastest pace is the Asia Pacific regional market. Gradually increasing awareness regarding advanced medical biotechnology is strongly impacting growth in the region. Several emerging economies in the region have a rapidly growing biotechnology sector which fuelling market growth. Findings by the Indian Brand Equity Foundation suggest that the Indian subcontinent has 2% of the global biotechnology share. Several opportunities in the region are expected to lead to market proliferation.
Market Segmentation
Market structure is determined by its various significant sections which, in the report have been segmented on the basis of product, technology, assay, application, end-user, and region. Products in the market include flow cytometer, cell imaging systems, automated cell counter, kits, and others. The kits segment has been sub-segmented and includes umbilical cord stem cells, induced pluripotent stem cell kits, mesenchymal stem cell kits, and others.
The technology used in stem cell assays include microfluidics-based cell trap technologies, microfabricated assisted technology, synthetic stem cells and others
Assays in the market include cell identification assays, cell viability & toxicity assays, cell proliferation assays, cell apoptosis assays, and others.
Applications of stem cell assays can be found in orthopedic & musculoskeletal spine, dermatology, cardiovascular, central nervous system, and others.
End-users of stem cell assays include research organizations, academic institutes, biotechnology industries, academic institutes, and others.
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The global nurse call system market is expected to grow significantly over the forecast period. It is estimated that the global nurse call system market is expected to register a CAGR ~ 9.5 % during the forecast period from 2018 to 2023. Nurse call systems are aimed at alerting the nurses in case of medical emergency situations or when patients need care. These systems are also used to track a patient particularly in assisted living or old age centers or are used to give a signal of a probable situation in case of ambulatory services.
Some of the industry players offer integrated equipment, in which the patient data can easily be stored and retrieved. In February 2015, Rauland Borg Corporation launched a device called AllTouch responder, which offers nurse call system market with electronic medical records. The nurse call equipment has evolved over the time owing to better patient monitoring. The staff members can directly communicate with the patients to assist them and provide required care, thereby reducing the need to visit the patient beds for minor requirements. This can eliminate fatigue and increase the workflow efficiency of the attendant.
Regional Analysis:
Regionally, the nurse call system market is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, the Americas is anticipated to dominate the market for nurse call system due to faster demand for newer technologies and upgradation of nurse call systems in the region. Additionally, the growing geriatric population and increasing funding for better healthcare infrastructure in the region. In addition to this, the Europe is estimated to hold the second leading position in the market owing to well-developed healthcare industry and investment for increasing number of hospitals.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the developing healthcare facilities in the developing economies and increasing aging population. According to a report published by Silver Eco in October 2017, in Japan, 27.7 people are elderly or aged.
Competitive Analysis:
Some of the major companies in the global nurse call system market include Honeywell International Inc., Austco Communication Systems Pty Ltd., Hill-Rom Services Inc., Johnson Controls., Ascom, CSINC, STANLEY Healthcare, AMETEK, Inc., West-Com Nurse Call System, Inc, Cornell Communications, Azure Healthcare, Jeron Electronic Systems Inc., BEC Integrated Solutions, LLC, Vigil Health Solutions Inc., and Systems Technologies.
Segmentation:
The nurse call system market is segmented on type, applications, technology, end users, and region.
Based on the type, the market is segregated into nurse call integrated communication systems, nurse call buttons, nurse call intercoms, nurse call mobile systems, and others.
By technology, the market is segmented into wireless systems and wired systems.
Based on the applications, the market is segmented into alarms, medical emergency, workflow management, and others.
Based on the end users, it is segmented into assisted living centers, hospitals & nursing homes, ambulatory care centers, and others. Of these, hospitals and nursing homes segment is anticipated to be the larger shareholder in the overall market share. The growth of the segment is primarily attributable to the rising number of public as well as private hospitals.
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Breast cancer is one of the widely present cancers with a high fatality rate. Around 200,000 new cases are registered every year, as per stated by the World Health Organization (WHO). This has encouraged the leaders in the healthcare industry to research & develop advanced devices focused on women health. It is projected to motivate the growth trends in the breast imaging market over the next few years.
what is molecular breast imaging? Breast imaging is gaining traction for the assessment of tumors. Women are getting increasingly aware of the health disorders which has generated demand for early detection of diseases. It is expected to revolutionize the growth trajectory of the global breast imaging market in the years to come. However, the stigma associated with these diseases in developing nations restricts women from accessing medical facilities. This, in turn, is anticipated to undermine market growth over the next few years.
Rising prevalence of tumors and cancers among the women is encouraging the development of a market for dealing with the issues faced by them. The increasing population of females in conjunction with rising healthcare expenditures is expected to unleash developmental opportunities to the markets dealing with the health disorders found in women. Market Research Future (MRFR) has published a study on the global breast imaging market to assess its prospects. The analysis reveals that the market is projected to exhibit a CAGR of 8.5% during the review period 2017 to 2023.
Competitive Dashboard:
The key players participating in the share analysis of the global breast imaging market are General Electric Company (U.K.), Koninklijke Philips N.V. (Netherlands), Siemens (Germany), Hologic, Inc. (U.S.), Dilon Technologies, Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Aurora Imaging Technology, Inc. (U.S.), Toshiba Corporation (Japan), Gamma Medica, Inc. (U.S.), and Sonocine, Inc. (U.S.).
Regional Analysis:
By region, the global breast imaging market has been segmented into Americas, Asia Pacific, Europe, and the Middle East & Africa (MEA). Americas is the largest market for breast imaging. The region is burdened with the rising patient population of breast cancer. On the other hand, the technological advancements in the healthcare sector of the region are skyrocketing. Thus, a healthy growth trajectory has been forecasted for the breast imaging market in the region.
Asia Pacific is witnessing developments in healthcare technology, which is expected to augment breast imaging market in the region. The economic development in the region is likely to have a positive influence on the growth trends of the market in the forthcoming years.
Market Segmentation:
By type, the global breast imaging market has been segmented into mammography, PET, CT, MRI, breast biopsy, ultrasound, tactile imaging, and others. The mammography segment is further sub-segmented into film-screen mammography, 3D mammography, Full-field digital mammography (FFDM), scintimammography or molecular breast imaging, and others. The breast biopsy has been sub-segmented into image-guided breast biopsy, ultrasound-guided core biopsy, tactic core biopsy, and others.
Based on application, the breast imaging market has been segmented into breast cancer diagnosis, metastatic axillary adenocarcinoma, post-neoadjuvant chemotherapy, and others.
The breast imaging market, by end user, has been segmented into diagnostic centers, hospitals, and others.
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Key Players in the global neurovascular devices market include Abbott Laboratories (USA), Blockade Medical LLC. (France), Delaware Corporation (USA), Evasc (Canada), Gynesonics (USA), Johnson & Johnson Services, Inc. (the USA), Medikit Co., Ltd. (Japan), Medtronic (USA), Merit Medical Systems Inc. (USA), MicroPort Scientific Corporation (China), Neuravi (Israel), OxfordEndovascular (UK), Penumbra, Inc. (USA), Rapid Medical (Israel), Sensome (France), Secant Group LLC (USA), Stryker (USA), Terumo Corporation (Japan), and W. L. Gore & Associates, Inc. (USA).
Problems related to the nervous system are serious. They cannot be seen easily, and their therapies usually lie in surgeries where patients and doctors need to decide which surgeries are more invasive and which are less invasive. Neurovascular devices are necessary for treating neurovascular diseases. These devices have been developed due to demand for minimally invasive procedures. There has never been a dearth of neurovascular patients. Therefore, the global neurovascular devices market has huge scope for growth. Factors contributing to the growth of this market include favorable reimbursement policies, and ongoing product development & commercialization.
Market Research Future (MRFR) has published a research report about the global neurovascular devices market that predicts the growth of this market between 2017 and 2023, with 8.8% CAGR. This report talks about the market scenario and future prospects regarding growth. In this report, the global neurovascular devices market has been segmented on the basis of end-user, product, therapeutic application, and lastly region.
On the basis of the end-users, this market has been segmented into ambulatory surgical units and hospitals & clinics. Ambulatory surgical units work for ambulatory surgery centers (ASC) that are also known as outpatient surgery centers, same-day surgery centers, or surgicenters. Ambulatory surgical units perform surgical procedures not requiring an overnight hospital stay. Such surgery is commonly less complicated than those required hospitalization.
Segmentation:
The product-based segmentation segments the market into aneurysm coiling & embolization devices, cerebral balloon angioplasty & stenting systems, neurovascular catheters, neuro thrombectomy devices, and a support device. The aneurysm coiling & embolization devices segment has been sub-segmented into embolic coils, flow diversion devices, and liquid embolic. Embolic coils block blood flow into an aneurysm (weak area of an artery). The embolic protection systems have been segmented into balloon occlusion devices and distal filter devices. Cerebral angioplasty is a procedure useful for opening the partially blocked carotid and vertebral arteries in the neck. They can also do the same for blood vessels within the brain. It has been segmented into is sub-segmented into carotid artery stents and embolic protection systems. Stenting system indicates an improvement of coronary luminal diameter in patients with symptomatic ischemic heart disease. Neurothrombectomy devices are used for treating acute ischemic strokes. They have been sub-segmented into aspiration devices, retrieval systems, and suction devices. Based on therapeutic application, the market has been segmented into the hemorrhagic stroke and ischemic strokes. A hemorrhagic stroke can be defined as either a brain aneurysm burst or a weakened blood vessel leak. The different types of ischemic strokes occur when the body is deprived of oxygen or any other important nutrients.
The regional segmentation of the global neurovascular devices market comprises of The Americas (North America & South America), Europe, Asia Pacific, and Middle East & Africa (MEA) region. The Americas dominate the global neurovascular devices market due to a large number of patients suffering from neurovascular diseases like arteriovenous malformations (AVMs) and brain aneurysm. Due to technological advancement, high disposable income, and the availability of better medical facilities, North America is the bigger market than South America. Moreover, increasing healthcare expenditure, government aid to researches in the field of medical sciences and the presence of the key players in North America boosts the growth of the market in North America. Majority key players in this region are based in the United States of America (USA).
Europe holds the second largest share in global neurovascular devices market. Increasing prevalence of the neurovascular diseases and the presence of a well-developed healthcare sector are the major factors that drive the market growth in this region. Due to reasons same as The Americas, Western Europe market is bigger than Eastern Europe. In Europe, most of the key players in this market are based in France and the United Kingdom (UK).
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Market Highlights:
The pharmaceutical companies mostly rely on successful launching of new drugs to drive their growth. The efficacy and safety of biopharmaceutical products combined with their ability to address previously untreatable conditions has increased the launch of the new drugs to cure diseases. The patents are expiring and product pipelines are shrinking which makes launches more numerous, smaller, and more competitive. New concepts are making it to the market such as the cell therapy which is used to treat cancer, gene therapies which offer even more amazing promises of regenerative medicine or disease remission. The key manufacturers in the pharmaceutical companies are raising their launch to increase their customer base which has helped them to grow in the particular market.
Key Players
Some of key the players in the global tumor necrosis factor alpha inhibitors market are AbbVie Inc. (U.S.), Ablynx (Belgium), Apogenix GmBH (Germany), AryoGen Biopharma (U.S.), Bionovis (Brazil), CASI Pharmaceuticals (U.S.), Celltrion Healthcare (South Korea.), Celgene Corporation (U.S.), Delenex Therapeutics (Switzerland), Dexa Medica (Indonesia), EPIRUS Biopharmaceuticals (U.S.), Janssen Biotech (U.S.), GlaxoSmithKline Inc. (U.S.), HanAll Biopharma (South Korea.), Intas Pharmaceuticals (India), LEO Pharma (Denmark), LG Life Sciences (U.S.), MedImmune (U.S.), Momenta Pharmaceuticals (U.S.), Novartis AG (Switzerland), Sanofi-Aventis (France), Zydus Cadila (India), and others.
Segmentation
The global tumor necrosis factor alpha inhibitors market is segmented on the basis of drug, disorder type, route of administration, stage of clinical trials, and application.
On the basis of the drug, the global tumor necrosis factor alpha inhibitors market is segmented into Humira, Enbrel, Remicade and others
On the basis of the disease type, the global tumor necrosis factor alpha inhibitors market is segmented into Alzheimer's diseases, Parkinson's diseases, ischemic stroke, tumor ablation, multiple sclerosis, and others.
On the basis of the route of administration, the global tumor necrosis factor alpha inhibitors market is segmented into oral, subcutaneous, intravenous, and others.
On the basis of the stage of clinical trials, the global tumor necrosis factor alpha inhibitors market is segmented into preclinical trial, phase 1 clinical trial, phase 2 clinical trial, phase 3 clinical trial and phase 4 clinical trial.
On the basis of the application, the global tumor necrosis factor alpha inhibitors market is segmented into medicine, scientific research, and others.
Regional Analysis:
The global tumor necrosis factor alpha inhibitors market consists of regions namely the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas region dominates the global tumor necrosis factor alpha inhibitors market due to a high degree of intelligence and awareness regarding the testing procedures. In June 2015, Merck and Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovered and developed novel vaccines and therapeutics in the areas of infectious and inflammatory diseases and oncology. They entered into clinical trial collaboration for the drug name MK-1966. MK-1966 is an anti-interleukin-10 designed to neutralize the immune-suppressive environment for tumors. This will give Merck an advancing breakthrough in the field of immuno-oncology.
The European market holds the second largest share of the global tumor necrosis factor alpha inhibitors market owing to the increasing use of effective alternative biologics and the uptake of emerging oral therapies. The market share of tumor necrosis factor-alpha (TNF-alpha) inhibitors for the treatment of rheumatoid arthritis will decrease by 2020 in France, Germany, Italy, Spain, and United Kingdom.
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Market Overview
The global Dravet syndrome market is expected to magnify its valuation at 8.5% CAGR during the forecast period. The increase noticed in the health expenditure for research and development (R&D) and development of new therapies are primary factors expected to drive the market growth. Other major drivers include reimbursement policies offering coverage of rare diseases, improvement in regulatory framework, and unmet medical needs of patients.
dravet syndrome symptoms effects of the drugs, low awareness of the disease, and low planning of healthcare in low and mid income countries are some of the restraints which can impede market growth.
Dravet syndrome is a rare epileptic disorder affecting infants. The patient has seizures which are triggered by hot temperatures or fevers. It is also known as severe myoclonic epilepsy of infancy (SMEI). According to the National Center for Advancing Sciences, nearly 15-25% of the cases of the disorder have a family history of febrile seizures or epilepsy. The global Dravet syndrome market report by Market Research Future (MRFR) has been compiled by a blend of primary and secondary research.
Regional Analysis
The Americas, Europe, the Middle East & Africa (MEA), and Asia Pacific (APAC) are the major segments according to region.
The Americas are presumed to dominate the global market till 2023 due to the increased healthcare budget by governments in the region for the welfare of their patients. Presence of large number of players and continuous development of drugs due to ongoing clinical trials are other drivers of the region.
Europe, on the other hand, can enjoy massive demand due to support by government for research and development and initiatives taken by them to improve existing reimbursement insurance policies.
Competition Outlook
Ovid Therapeutics, OPKO Health Inc., Zogenix, Inc, Biocodex, Biscayne Neurotherapeutics, Takeda Pharmaceutical Company Limited, Sage Therapeutics, Xenon Pharmaceuticals, INSYS THERAPEUTICS, INC., Epygenix Therapeutics, Inc., Thermo Fisher Life Technologies, PTC Therapeutics, GW Pharmaceuticals, plc, and Cyberonics, Inc. are the biggest players in the global Dravet syndrome market.
Segmentation
The global Dravet syndrome market is segmented on the basis of the type of seizures, diagnosis, treatment & management, and end-user.
On the basis of the type of seizures, it is classified as myoclonic seizures, atonic seizures, dravet syndrome scn1a, partial seizures, absence seizures, tonic clonic seizures, photosensitive seizures, and others.
On the basis of the diagnosis, it is segmented as magnetic resonance imaging (MRI), electroencephalography (EEG), SCN1A testing, and others.
On the basis of the treatment & management, the market is segmented into seizure medications, ketogenic diet, vagus nerve stimulation (VNS), and others. The seizure medications segment is further classified into clobazam, stiripentol, sodium valproate, and others.
On the basis of the end-user, the global Dravet syndrome market is segmented into pharmaceutical companies, hospitals, diagnostic laboratories, academic and research institutes, and others.
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