#Glucometer Market Size Glucometer Market Share Glucometer Market Growth Rate Glucometer Market Trends Glucometer Market Segmentation
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Durable Medical Equipment (DME) Market Share, Trends, Report 2024-2032
IMARC Group's report titled "Durable Medical Equipment (DME) Market Report by Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices), End Use (Hospital, Nursing Homes, Home Healthcare, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global embedded software market share. The global durable medical equipment (DME) market size reached US$ 217.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 356.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
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Factors Affecting the Growth of the Durable Medical Equipment (DME) Industry:
Prevalence of Chronic Diseases:
Chronic diseases, such as diabetes, cardiovascular diseases, chronic obstructive pulmonary disease (COPD), and arthritis, require continuous monitoring and management. Patients often need devices like glucometers, blood pressure monitors, pulse oximeters, and respiratory equipment to monitor their condition and manage symptoms at home. Many chronic diseases, especially those affecting the musculoskeletal system or causing mobility impairment, necessitate the use of supportive devices for mobility and independence. This includes wheelchairs, walkers, canes, and mobility scooters, which enable individuals with conditions like arthritis or multiple sclerosis to maintain mobility and perform daily activities.
Technological Advancements:
Innovations in technology enable the development of innovative DME products with enhanced features, improved functionality, and greater patient comfort. The integration of sensors, wireless connectivity, and smart algorithms in devices, such as insulin pumps, continuous glucose monitoring (CGM) systems, and wearable health monitors, improves their accuracy, usability, and effectiveness in managing chronic conditions. Technological advancements are leading to the miniaturization and portability of DME devices, making them more convenient and accessible for patients.
Shift towards Home Healthcare:
Many patients prefer receiving healthcare services in the comfort and familiar environment of their own homes. The shift towards home healthcare allows individuals to avoid the inconvenience, discomfort, and potential exposure to infections associated with hospital or clinic visits, driving the demand for DME products that support home-based care. Home healthcare is often more cost-effective as compared to institutional care, as it reduces healthcare expenditures associated with hospital stays, outpatient visits, and long-term care facilities. DME products enable patients to receive necessary medical treatment, monitoring, and rehabilitation services at home, leading to cost savings for healthcare systems, payers, and patients.
Leading Companies Operating in the Global Durable Medical Equipment (DME) Industry:
ArjoHuntleigh
Becton
Dickinson and Company
General Electric Company
GF Health Products Inc.
Hill-Rom Services Inc.
Invacare Corporation
Koninklijke Philips NV
Medical Device Depot Inc.
Medline Industries Inc.
Medtronic PLC
Omron Corporation
Siemens Healthineers AG (Siemens AG)
Stryker Corporation.
Durable Medical Equipment (DME) Market Report Segmentation:
By Product:
Personal Mobility Devices
Wheelchairs
Scooters
Walker and Rollators
Cranes and Crutches
Door Openers
Others
Bathroom Safety Devices and Medical Furniture
Commodes and Toilets
Mattress and Bedding Devices
Monitoring and Therapeutic Devices
Blood Sugar Monitors
Continuous Passive Motion (CPM)
Infusion Pumps
Nebulizers
Oxygen Equipment
Continuous Positive Airway Pressure (CPAP)
Suction Pumps
Traction Equipment
Others
Personal mobility devices represent the largest segment due to the increasing elderly population and the growing demand for mobility aids, such as wheelchairs, scooters, and walkers, to maintain independence and improve quality of life.
By End Use:
Hospital
Nursing Homes
Home Healthcare
Others
Hospitals account for the majority of the market share owing to their role as primary healthcare providers, requiring a wide range of DME equipment for patient care, rehabilitation, and medical procedures.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America enjoys the leading position in the durable medical equipment (DME) market on account of a well-established healthcare infrastructure, high healthcare expenditure, favorable reimbursement policies, and a large aging population with chronic health conditions.
Global Durable Medical Equipment (DME) Market Trends:
The adoption of telemedicine and remote monitoring solutions is rising, driving the demand for DME products with remote monitoring capabilities, such as wearable health trackers, telehealth platforms, and home monitoring kits. There is a growing demand for personalized and customized DME solutions tailored as per individual patient needs, preferences, and medical conditions, driving innovations in product design, manufacturing, and service delivery.
Emerging markets are experiencing rapid economic growth, urbanization, and investments in healthcare infrastructure, presenting significant growth opportunities for DME manufacturers and suppliers to expand their presence in these regions.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Hemostats Market Size, Share, Trends, Demand, Future Growth, Challenges and Competitive Analysis
"Hemostats Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.
The large scale Hemostats Market report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Extremely talented pool has invested a lot of time for doing market research analysis and to generate this market report. Hemostats Market report is sure to help businesses for the long lasting accomplishments in terms of better decision making, revenue generation, prioritizing market goals and profitable business.
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Key Coverage in the Hemostats Market Report:
Detailed analysis of Hemostats Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the Hemostats industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Hemostats Market Landscape
Part 04: Global Hemostats Market Sizing
Part 05: Global Hemostats Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Global Glucometer Market is Thriving Worldwide with Surprising Transition During 2021-2025
Market Overview
The Global Glucometer Market is foreseen to experience a fall from USD XX billion in 2020 to USD XX billion in 2021 at a CAGR of XX%. The descent is primarily the result of economic decline across countries unsettled due to ongoing Coronavirus outbreak, including controlling it. Thereafter, the Glucometer market is likely to restore and expand at a CAGR of XX% from 2021, stretching up to USD XXX billion in 2024.
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The research document comprises market traits, opportunities, industry size, fragmentation, territorial breakdowns, market shares, ongoing trends, competitive landscape, and strategies for the Glucometer market. The report also tracks essential information about the market and predict market expansion by the geographic landscape. It also positions the market under the extensive Glucometer market framework and collates it with other alternative markets.
This report also offers the planners, policymakers, senior leadership, and traders crucial details to estimate the global Glucometer market as it arises from the COVID-19 closure.
Market Scope
The Glucometer Industry sets out tendencies that affect various subsidiary industries. Therefore, the Global market has ruled for being one of the leading revenue generators over the past several decades. This industry has challenged every economic disruption and withstands the test of time. Though this could benefit to motivate new market players in the Global industry, the preference for product development and novel procedures could assist new participants in obtaining a stronghold.
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Glucometer Market Research Report is Segmented as Follows:
Product Types can be segregated as:
Photoelectric type blood glucometer
Electrodes-type glucometer
Applications can be segregated as:
Measured blood sugar level
Regions covered in this report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
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Global Glucometer Market Report provide in-depth information about the Leading Competitors involved in this report:
ACCU-CHEK
Johnson and; Johnson
Bayer
OMRON
ARKRAY
ACON
Sannuo
Bioland
Nova
Abbott
Innovations in the technology field have contributed to the growth of the Global industry. The arrival of energy- and cost-efficient appliances have rejuvenated procedures in the Glucometer industry.
Economic expansion in developing countries as well have arisen as an advantage for the Global industry. Although strict rules that supervise global production and processing affect the growth rate of the Global industry.
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Obtain a genuinely global viewpoint along with the most extensive report obtainable on the Glucometer market, including more than 50 ecologies.
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Make use of the links between primary datasets for top-class strategy development.
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Sensor Patch Market to be Valued USD1817 Million by 2027
Growing demand for monitoring physiological parameters of patients to drive global sensor patch market until 2027
According to TechSci Research report, “Sensor Patch Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”, Global sensor patch market was valued at over USD950 million in 2021 and is forecast to grow at a CAGR of 11.83% to reach USD1817.62 million by 2027. Sensor patches are attached to the human body for monitoring a range of vital signs and provide specific treatments when required. The outbreak of COVID-19 and the increasing prevalence of chronic diseases are driving the growth of the sensor patch market.
The increasing chronic illness among individuals has propelled the global sensor patch market as these sensors are used for monitoring patients’ vital parameters. For instance, with accelerating urbanization, people are adopting a more sedentary lifestyle. This is pushing obesity rates and cases of diseases such as diabetes upward. These illnesses require regular monitoring or regular check-up. Hence, sensor patches are used for the regular monitoring of chronic diseases.
The sensor patches are portable and easy to use, and some of them even do not require medical supervision. This has helped people use or monitor their vitals themselves as it takes time and effort to visit medical facilities for regular check-ups. The portability of the patches helps individuals to carry their kit wherever they require, increasing the ease of use of the product.
Browse 130 market figures spread through 176 Pages and an in-depth TOC on "Global Sensor Patch Market”.
https://www.techsciresearch.com/report/global-sensor-patch-market/1349.html
Global Sensor Patch market is segmented on the basis of product type, application, end user, and regional distribution. On the basis of product type, the market is segmented into temperature sensor patch, blood glucose sensor patch, blood pressure/flow sensor patch, heart rate sensor patch, blood oxygen sensor patch and others. The blood glucose sensor patch segment is expected to register the fastest growth in the global sensor patch market on account of the growing prevalence of diabetes worldwide. According to the International Diabetes Federation, as of 2019, around 463 million adults (20-79 years) were living with diabetes, and this number is expected to increase to 700 million by 2045. This, in turn, would increase the demand for blood glucose sensor patches, glucometers, etc.
Leading players operating in Global Sensor Patch market include:
iRhythm Technologies Inc.
DexCom Inc.
g.tec medical engineering GmbH
Medtronic PLC
Texas Instruments Inc.
Abbott Laboratories Inc.
Feeligreen SA
Gentag, Inc.
G-Tech Medical, Inc.
Hivox Biotek Inc.
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“The North America region is the largest in the global sensor patch market with a share of 36.02% in 2021, owing to the region's large and growing geriatric population, which is susceptible to different kinds of diseases, especially countries like the USA and Canada. Additionally, supportive government policies, R&D and healthcare schemes launched by them across the three countries in the region are expected to support market growth. Furthermore, increasing healthcare expenditure coupled with growing health awareness among the population across different countries in the region is further expected to drive the market growth in the region through 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Sensor Patch Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Product Type (Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, Blood Oxygen Sensor Patch and Others), By Application (Diagnostic & Imaging, Monitoring, Others), By End User (Hospitals & Clinics, Home Care, Laboratory Diagnostic, Fitness and Sports), By Region, By Company”, has evaluated the future growth potential of global sensor patch market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global sensor patch market.
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Smart medical devices market Update, Analysis, Forecast, 2021 – 2027
A research study conducted by Global Market Insights, Inc., suggests that smart medical devices market is likely to exceed the $55.8 billion mark by 2027, in terms of revenue. This growth is chiefly ascribed to the multiple benefits which are being served through smart medical devices. Some of these benefits include obtaining real-time information, tracking prior health records, and recognizing prospective health risks.
That apart, these devices are easy to operate and so not require any professional training. This is increased the penetration of smart medical devices in personal and home care settings. In fact, the segment is projected to rise with a yearly growth of 11.4% during the projected years. Even the segment has registered the largest profit portion of the market, last year.
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Glucometers, pulse oximeters, digital blood pressure monitors, insulin pumps, and more such devices can be count as smart medical devices for homecare settings. Through these devices, an individual can monitor glucose level, blood pressure, oxygen level at the home with utmost effectiveness and accuracy.
Also, with the rising popularity of abovementioned devices, the diagnostic and monitoring category is predicted to develop substantially in the market, by surpassing USD 43.2 billion through 2027 with 11.3% of yearly growth rate. In addition, the increasing cases of chronic diseases such as diabetes and asthma would pump up the segment growth.
Considering the regional landscape, the Asia Pacific market is considered to have huge opportunities for smart medical devices. The industry is largely expanding in the region, and it is anticipated that it will grow by 15% CAGR in forthcoming years. This regional growth can be attributed to the favorable government policies and rising awareness towards the early diagnosis of chronic diseases.
In order to full fill the robust demand for smart medical devices, prominent industry players are emphasizing at different tactics, such as technology development, mergers, geographical expansion, and new product launches. These activities will also help businesses to strengthen their position in the market.
For instance, VitalConnect introduced its cardiac monitoring solution for VitalPatch RTM in November 2020, for patients who require regular Holter surveillance. A single ECG analytical solution based on AI can monitor 21 cardiac arrhythmias. This product would add value to the company’s existing portfolio and extend its client base.
Meanwhile, Google is working to develop smart contact lenses since 2014, which will help diabetes patients to measure glucose level through tears fluidal composition. Such technological advancement can be considered as the foundation stone for upcoming smart medical devices.
Abbott, F. Hoffmann-La Roche Ltd, Omron Corporation, Medtronic, Fitbit, and Dexcom are some of the important players active in the industries.
In a nutshell, the snoring population, improved living standards, rising disposable income, as well as the high demand for novel and innovative products will spur smart devices market share.
Browse key industry insights spread across 145 pages with 208 market data tables & 15 figures & charts from the report, “Smart Medical Devices Market Size By Product Type (Diagnostic and Monitoring {Blood Glucose Monitors, Heart Rate Monitors, Pulse Oximeters, Blood Pressure Monitors}, Therapeutic Devices {Portable Oxygen Concentrators and Ventilators, Insulin Pumps, Hearing Aid}), By End-use (Hospitals, Homecare Setting), COVID19 Impact Analysis, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-medical-device-market
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Auto Disable Syringes Market Key Drivers, Constraints and Challenges – Future Market Insights
Market Analysis and Insights: Auto Disable Syringes Market
Auto Disable Syringes Market By Product Type (Conventional Syringes, Safety Syringes), Clinical Indication (Vaccines, Infectious diseases, Inflammatory/Auto-Immune Diseases, Others), Application (Blood Collection, Vaccination, Drug Delivery), End-User (Hospitals, Clinics, Research Laboratories, Ambulatory Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026.
Global Auto Disable Syringes Market is expected to an estimated value of USD 22.29 billion by 2026 registering a healthy CAGR of 10.45% in the forecast period of 2019-2026. This rise in the market can be attributed due to rising number of needle stick injuries and increasing R&D activities related to auto disable syringes.
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Market Definition: Global Auto Disable Syringes Market
Auto disable syringes are single used holistic approach which is to treat atopic dermatitis. They enable needle stick prevention and involve rehydrating of skin by using emollients and topical steroids. They also reduce inflammation and itching of skin. In addition they involve a mechanism to break or lock the plunger when the injection is given to make the syringe inoperable for being used for second time.
Competitive Analysis: Global Auto Disable Syringes Market
Global auto disable syringes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of auto disable syringes market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers
Increasing needle stick injuries are contributing towards the market growth.
Rising R&D activities in the recent years are the factor driving the market.
High level of security and safety for patients is contributing towards market expansion
Stringent growth regularities by government are also expected to drive the market.
Market Restraints
Decreased value and knowledge in emerging economies is hampering the market growth.
High cost of procurement and raw material are the factors restraining to the industry development.
Segmentation: Global Auto Disable Syringes Market
By Product Type
Needles
Needless
Slip
Lock
Needle covers
By Clinical Indication
Vaccines
Infectious diseases
Inflammatory/Auto-Immune Diseases
Others
By Application
Blood Collection
Vaccination
Drug Delivery
End-User
Hospitals
Clinics
Research Laboratories
Ambulatory Centers
By Geography
US
Canada
Mexico
Brazil
Argentina
Rest of South America
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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Key Development in the Market:
In August 2018, Andhra Pradesh announced the launch of their first auto-disable syringes for clinical purposes. This syringes have the ability to reduce infections, provides quality and assurance, so that they can eliminate poor hygiene in hospitals. India consumes over 4 Billion syringes per year out of which 60% are unsafe and one third is reused, therefore this innovation will be able to being changes and maintain health and hygiene.
Key Market Competitors: Global Auto Disable Syringes Market
Few of the major market competitors currently working in the global auto disable syringes market are ISCON SURGICALS LTT, SRS Meditech Limited, AlShifa Medical Syringe Manufacturing Company., Hindustan Syringes & Medical Devices Ltd, Retractable Technologies, Inc., Smiths Group plc, Baxter, B. Braun Melsungen AG, Terumo Medical Corporation, Medtronic, BD and others
Research Methodology: Global Auto Disable Syringes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
Current and future of global auto disable syringes market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Medical Electronics Market Size, Share, Growth and Industrial Analysis
The global medical electronics market is expected to reach USD 219.0 billion by 2024, according to a new report by Grand View Research. Technological advancements have boosted the applications of electronics in the fields of diagnostics, therapeutics, and wellness. Increasing geriatric population coupled with sedentary lifestyle contributes to chronic cardiovascular, gastrointestinal, and respiratory disorders.
Diagnostic applications of medical electronics are fueled due to growing awareness about healthcare amongst people. Population in developed countries opts for early diagnosis for effective treatment and cure. Increasing adoption of newer technology in diagnostics is expected to upsurge the market in future.
Aging population creates need for critical care of long duration, thus increasing the demand for life-supporting devices, such as ventilators and dialysis devices. Growing number of accidents and permanent injuries also contribute to this upsurge. Improving healthcare facilities eases the procedures of reimbursements and related medical procedures even in developing countries.
Industry players are focused on the commercialization of new technologies and integrated systems. In August 2016, Siemens launched a new product, Sysmex CS-2500. It is a coagulation analyzer and has applications in diagnostics.
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Medical electronics market, by application, 2013 - 2024 (USD Million)
Other key findings from the study suggest:
Rising prevalence of chronic diseases, such as neurodegenerative and cardiac diseases, creates a need for continuous patient monitoring. Constant development of technologies such as real-time audio/video feed, wireless communications, and remote patient monitoring proves to be a boon for chronic patients, especially those who prefer to receive treatment at home. All these factors are expected to act as a catalyst for the market growth over the forecast period.
The largest application of medical electronics is in the field of diagnostics, especially imaging. Increasing importance of early disease diagnosis is promoting the growth of this segment. Magnetic resonance imaging is the most common method used, owing to the growing neurological and musculoskeletal disorders and the development of superconducting magnets.
Ultrasound is projected to be the fastest-growing segment of medical imaging, owing to its applications in point-of-care and musculoskeletal diseases. Growing birth rate also contributes to the usage of ultrasound. Rising awareness coupled with government recommendations about periodic screening for cancer also contributes to this growth.
Considering home healthcare medical electronics, device such as glucometer is used by diabetic patients owing to the ease of use of the device, and cost-effectiveness.
The emphasis on preventive measure and early diagnosis rather than on treatment is driving the industry players to invest in remote, wireless, and minimally invasive equipment. This is predicted to set the trend of telehealth, self-monitoring, and home healthcare. In February 2016, Medtronic launched its first remote monitoring pacemaker in Canada. The data collected and interpreted is transmitted securely to the physician to make efficient treatment decisions.
North America dominated the market owing to the presence of well-structured healthcare and reimbursement systems. High prevalence of chronic lifestyle diseases, growing awareness about the importance of early diagnosis, and acceptance of new technology contributed to the market growth in this region.
Asia pacific is expected to emerge as the fastest growing region during the forecast period. The huge patient pool in Asia Pacific proves to be an attractive opportunity for companies to market their products in this region. Improving healthcare systems, high incidence rate of diseases and accidents, and stabilizing economies aid the market growth.
Some key participants include EDDA technology, Inc., Philips healthcare, FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Toshiba Medical Systems Corporation, McKesson Corporation, Vucomp, Hologic Inc., Siemens Healthcare and iCAD, Inc.
The current trend of investing in development of new technologies is expected to benefit patients as well as practitioners. For instance, in March 2016, Maxim Integrated launched its new heart rate monitor integrated with pulse oximeter. This device helps in continuous monitoring and efficient treatment of cardiovascular patients.
#Medical Electronics Market Analysis#Medical Electronics Market Share#Medical Electronics Market 2020#Medical Electronics Market
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Nasal Drug Delivery Market to Witness a Healthy Growth in Coming Years | TechSci Research
Increasing prevalence of various respiratory disorders and demand for non-invasive techniques are acting as key growth drivers for the global nasal drug delivery market.
According to TechSci Research report, “Global Nasal Drug Delivery Market By Drug Type (Antihistamines, Corticosteroids, Anesthetics, Antibiotics, Pain Relief Drugs, Others), By Dosage Form (Sprays, Drops, Powder, Gels & Ointments), By Container Type (Non-Pressurized Containers, Pressurized Containers), By Basis of System (Metered Dose, Multi-Dose, Unit Dose), By Therapeutic Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Rhinitis, Cystic Fibrosis, Nasal Congestion), By End User (Home Care Settings, Hospitals, Clinics), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), By Region, Forecast & Opportunities, 2026”, the global nasal drug delivery market was valued at USD57.18 billion in 2020 and is expected to grow with a double digit CAGR of 11.67% during the forecast period.
The market is primarily driven by increasing prevalence of various respiratory disorders such as asthma, Chronic Obstructive Pulmonary Disease (COPD) and pneumonia around the world coupled with growing patient preference for nasal products. The efficacy and easy administration properties of nasal drug delivery devices is creating their high demand in the global market. Moreover, development of new and advanced nasal drug delivery devices and increasing awareness among patients about the benefits of these products are expected to propel the market growth through 2026. Also, the growing demand for non-invasive techniques and less painful treatments are creating profitable opportunities for nasal drug delivery device manufacturers.
Additionally, nasal drug delivery devices provide self-medication, which does not require visit to the doctor and makes it easy for the patients. Thus, with increasing demand for home healthcare devices and growing adoption of self-administration practices, global nasal drug delivery market is poised to undergo a substantial growth during the forecast period.
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The global nasal drug delivery market is segmented based on drug type, dosage form, container type, basis of system, therapeutic applications, end user, distribution channel and region. Based on dosage form, the market can be segmented into drops, sprays, powder, gels & ointments. Among them, sprays segment contributed highest revenue in global market in 2020 owing to growing cases of infections and allergic rhinitis, leading to high demand for generic forms of spray drugs. However, the drops segment is anticipated to undergo the fastest CAGR during the forecast period as they are affordable, and their treatment success rates are high compared to other dosage forms.
Major players operating in the global nasal drug delivery market are GlaxoSmithKline Plc., Pfizer, Inc., AstraZeneca PLC, Novartis AG, Becton Dickson & Company, Promius Pharma LLC, 3M COMPANY, Johnson & Johnson Services, Inc., Sanofi S.A., Merck & Co., Inc., Cadila Pharmaceuticals Ltd., Aegis Therapeutics, LLC, B.F. Ascher & Company, Inc., ENT Technologies Pty. Ltd. and AptarGroup, Inc. Leading companies are focusing on new product development, and are undergoing joint ventures to increase their share in the global nasal drug delivery market.
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“The presence of major manufacturers and increasing cases of respiratory disorders in countries like United States and Canada are making North America a lucrative market for nasal drug delivery. The region is further expected to dominate through 2026 owing to advancements in healthcare and launch of new technology equipped nasal drug delivery devices. Though, Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to increasing patient pool suffering from chronic and respiratory disorders and increasing per capita disposable income,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Nasal Drug Delivery Market By Drug Type (Antihistamines, Corticosteroids, Anesthetics, Antibiotics, Pain Relief Drugs, Others), By Dosage Form (Sprays, Drops, Powder, Gels & Ointments), By Container Type (Non-pressurized Containers, Pressurized Containers), By Basis of System (Metered Dose, Multi-Dose, Unit Dose), By Therapeutic Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Rhinitis, Cystic Fibrosis, Nasal Congestion), By End User (Home Care Settings, Hospitals, Clinics), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of nasal drug delivery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global nasal drug delivery market.
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Needle-Free Blood Drawing Devices Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027
Venipuncture or venepuncture is the process of obtaining blood by gaining intravenous access. This process is used for many purposes such for blood sampling and for removing excess blood for the treatment of polycythemia Vera, an ailment that results in elevated blood volume or hematocrit. In healthcare, this process is performed by physicians, laboratory scientists, or phlebotomists. There are mainly two types of venipuncture, namely those conducted with needle and syringe and those with vacuum tubes. Both these techniques have their own disadvantages, with the patient suffering from excruciating pain in both scenarios.
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Needle-free blood drawing devices were invented as a relatively pain-free alternative to conventionally used devices. The needle-free blood drawing device operates by providing a micro-particle with momentum, which then penetrates the adjacent dermal tissue. An attached negative pressure barrel then draws blood from the site. A healthcare professional places the device, similar to the size of a golf ball, on the patient's upper arm, subsequently pushing a button. This push activates a number of thin needles that penetrate the topmost layers of the skin. This novel technology is expected to gain significant growth traction in the near future. According to Agency for Healthcare Research & Quality, in the U.S., around 800 blood draws are performed every minute. As imperative as their use be, blood draws are cumbersome and strenuous for patients and clinicians alike. According to Velano Vascular, around 28% of adult venipunctures and a staggering 44% of pediatric venipunctures need additional sticks to draw blood productively. According to American Journal of Infection Control, medical practitioners in the U.S. sustain from an average of 200 needle-related injuries per day. Besides the considerable physical as well as emotional toll of these injuries, unintentional needle stick injuries result into an additional cost of about US$ 50 million per year.
Needle-Free Blood Drawing Devices Market Taxonomy
On the basis of product type, the global needle-free blood drawing devices market is classified into:
Hand held devices
Wearable devices
On the basis of end user, the global needle-free blood drawing devices market is classified into:
Hospitals
Diagnostic Centers
Personal Clinics
Others
Increasing incidence of fatalities that can be avoided by early detection and treatment, especially in emerging economies, is a major factor fueling demand for effective blood sampling and tests. Demand for blood sampling would differ across region depending on the incidence rate of diseases. Nonetheless, this upsurge in demand for blood sampling is projected to fuel the need of blood drawing, thereby augmenting the growth of the needle-free blood draw devices market.
Needle-Free Blood Drawing Devices Market Outlook –Low cost and reduced risk factors leading to greater adoption of needle-free blood drawing devices over tradition blood-drawing techniques
Regulatory standards as well as safety policies govern the global needle-free blood drawing devices market. Approval from the U.S. Food and Drug Administration (FDA) is mandatory for promotion and use of needle-free blood drawing devices. Companies such as Velano Vascular have obtained the same and offer needle-free blood drawing devices to hospitals and other application sectors. Increase in health awareness among consumers has resulted increasing number of preventive and periodic health checkup, including blood tests. This creates a highly conducive environment for growth of the needle free blood drawing devices market.Moreover, these devices offer ease of use over conventional needle based blood drawing devices and are more conducive for home use. For instance, management of diabetes will become much easier. Patients with diabetes mellitus need to get their blood sugar levels tested very frequently. By using needle-free blood drawing device, the process will become much more user friendly and painless. The product is still at the development stage, with a commercial product expected to be launched in the near future. One of the major advantages of this device is that unlike conventional blood drawing devices, infection risk is very low. Maximum use of blood-draw is observed in hospitals and diagnostic centers. Traditional needle based blood draw technique might lead into vasovagal reactions, pain and bruising, and/or nerve injuries. For these reasons, hospitals around the world are likely to opt for needle-free blood drawing devices to minimize risk, labor cost as well as material cost. Companies operating in the market in the current scenario are competing on price, and they are focusing on getting the FDA approval for their products.In December 2015, Google Inc. applied for a patent for its variant of a wearable smart glucometer with needle-free blood drawing feature. Major companies operating in the market are Velano Vascular, VertMarkets, Inc., Gizmag Pty Ltd, Romsons, Alpha Bio Labs, and Poly Medicure Ltd.
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Key Developments
Major companies in the market are involved in different business strategies such as gaining product approval from regulatory authorities, in order to expand their product portfolio. For instance, in February 2017, Velano Vascular, a San Francisco-based company, received the U.S. Food and Drug Administration (FDA) 510(k) clearance for its Pivo needle-free blood draw device. It is a single used, disposable device, designed to take blood samples from IVF catheters.
Major companies in the market are involved in different business strategies such as participating in capital venture activities, in order to gain competitive edge in the market. For instance, in March 2017, Velano Vascular, a U.S.-based startup, raised US$ 17 million (investors’ names undisclosed) for a needle-free blood draw device. The device developed by Velano Vascular is called PIVO, which is a needle-free device and can be inserted through existing IVD catheter.
Major companies in the market are involved in different business strategies such as participating in capital venture activities, in order to gain competitive edge in the market. For instance, in May 2019, Velano Vascular, a U.S.-based company received US$ 10 million funding its strategic investor Intermountain Healthcare for its FDA cleared needle-free blood drawing device PIVO.
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Arthroscopes Market Expectations & Growth Trends Highlighted until 2028
Market Analysis and Insights: Arthroscopes Market
Arthroscopes Market, By Type (Rigid, Semi-Flexible), Application (Knee, Shoulder, Wrist, Foot, Ankle, Hip), End-User (Hospitals, Ambulatory Surgical Centers, Clinics, Specialty Orthopedic Centers), Product (Powered Shaver Systems, Visualization Systems, Fluid Management Systems, Ablation Systems, Arthroscopes, Arthroscope Implants, Accessories and Disposables), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
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Arthroscopes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.45% in the above-mentioned forecast period. Rising geriatric population and incidence of target conditions drives the arthroscopes market.
Arthroscopes are the type of medical devices which are used for the diagnosis and treatment of several orthopedic disorders related to a number of joints namely knee, shoulder, wrist, foot, ankle and hip. It is majorly used in minimally invasive surgeries for the treatment of ACL tears, knee implants, and other major joints. It is also used for the diagnosis and viewing of several ligaments and cartilages as arthroscopes are equipped with a camera at one end for the viewing and diagnostic procedures.
Increasing preference for Mis procedures is the vital factor escalating the market growth, also rising ongoing technological advancements, rise in demand for minimal invasive procedures, rising rapidly aging global population, increase in number of sports-related injuries, increasing shorter recovery time and minimal postoperative complications and rising prevalence of musculoskeletal disorders coupled with growing demand for minimally invasive surgeries are the major factors among others driving the arthroscopes market. Moreover, rising upsurge in obesity rate in population, rising expansion and modernization of healthcare infrastructure across emerging countries and rising research and development activities in the market will further create new opportunities for arthroscopes market in the forecasted period of 2021-2028.
However, increased cost of arthroscopy instruments and rising reimbursement challenges in the medical device industry are the major factors among others which will obstruct the market growth, while rising dearth of trained personnel and rising shift in decision-making in hospitals will further challenge the growth of arthroscopes market in the forecast period mentioned above.
This global arthroscopes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on arthroscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Arthroscopes Market Scope and Market Size
Arthroscopes market is segmented on the basis of type, application, end-user and product. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of type, the arthroscopes market is segmented into rigid and semi-flexible.
Based on application, the arthroscopes market is segmented into knee, shoulder, wrist, foot, ankle and hip.
Based on end-user, the arthroscopes market is segmented into hospitals, ambulatory surgical centers, clinics and specialty orthopedic centers.
The arthroscopes market is also segmented on the basis of product into powered shaver systems, visualization systems, fluid management systems, ablation systems, arthroscopes, arthroscope implants and accessories and disposables.
Arthroscopes Market Country Level Analysis
Arthroscopes market is analysed and market size insights and trends are provided by country, type, application, end-user and product as referenced above.
The countries covered in the arthroscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the arthroscopes market due to rising prevalence of joint related disorders, such as osteoarthritis, rheumatoid arthritis, and sports injuries and the increasing geriatric population in this region. Asia-Pacific is the expected region in terms of growth in arthroscopes market due to increased incidence of musculoskeletal disorders, rising ongoing technological advancements, rising aging population, and a strong medical device manufacturing sector in this region.
The country section of the arthroscopes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Arthroscopes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for arthroscopes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the arthroscopes market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Arthroscopes Market Share Analysis
Arthroscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to arthroscopes market.
The major players covered in the arthroscopes market report are Arthrex Inc., KARL STORZ SE & Co. KG, Maxer Endoscopy GmbH, Olympus Corporation, Smith & Nephew, Stryker, CONMED Corporation, Medical Device Business Services, Inc., Medtronic, Richard Wolf GmbH, Zimmer Biomet, B. Braun Melsungen AG, Sklar Surgical Instruments, Millennium Surgical Corp, Wright Medical Group N.V. or its affiliates.., DJO Global, Breg Inc., Cannuflow, and Cortek Endoscopy Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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IoT Medical Devices Market: Competitive Dynamics & Global Outlook 2025
“The IoT Medical Devices market report is a complete research on the current state of the IoT Medical Devices market with a focus on the regional market. This report presents the global IoT Medical Devices market size (value, production, and consumption), splits the breakdown (data status 2013-2018 and forecast to ‘2025’), by manufacturers, region, type, and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
This research is helpful for all the players operating in the market, including the well-established players and the new entrants. This intelligent study provides the definition, description, and the overall forecasts of the global market, considering the market segments and sub-segments, which includes the product types, technologies, end-users, industry verticals, and the key geographies. Moreover, the report also provides an in-depth analysis of some of the significant factors such as driving forces, challenges, and threats that will shape the future of the market. In addition, the report also includes the lucrative opportunities in the micro markets for all the participants to invest in the global IoT Medical Devices market. Besides, the report describes the product offerings and the competitive analysis of the major players operating in the market.
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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market.
The key players covered in this report:
The major manufacturers covered in this report
Abbott Laboratories
Alivecor
Biotronik
GE Healthcare
Johnson & Johnson
Omron
Medtronic
Philips
Siemens
Boston Scientific
Honeywell Life Care Solutions
Biotelemetry
Agamatrix
Ihealth Lab
Stanley Healthcare
Welch Allyn
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Blood Pressure Monitor
Glucometer
Cardiac Monitor
Pulse Oximeter
Infusion Pump
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Hospital
Clinic
The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data.The concept of the Internet of Things, or IoT, is spreading its wings wider and stronger in the current IT scenario, and is gradually taking part in every facet of our lives. Look at the way the healthcare industry wants to be connected with each and every thing associated with it. There is a high level of adoption of medical devices that are connected to each other. In fact, the adoption level shows an increasing trend and there will be more takers for these devices in the future.
This report studies the global IoT Medical Devices market status and forecast, categorizes the global IoT Medical Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
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The prime objective of this IoT Medical Devices research report is to define the size of the different segments and the geographies as well as to forecast the trends that are likely to gain traction in the following couple of years. This market research report has been designed to incorporate both the qualitative and quantitative aspects of the industry within each of the regions.
The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, IoT Medical Devices market projections, market sizes, and shares. Moreover, the IoT Medical Devices market report examines the most recent trends, pipeline products and developments in the IoT Medical Devices market. Complete profiles of leading organizations in the market are also mentioned in this report.
IoT Medical Devices market report highlights:
1. The IoT Medical Devices research report provides a detailed survey of the current and future industry trends so as to identify the investment analysis.
2. The industry forecasts, using estimated market values have been mentioned, till ‘2025’.
3. The IoT Medical Devices Market dynamics such as the drivers, restraints, threats, opportunities, and industry-specific challenges
4. Key industry trends across all the market segments and sub-segments, geographies, and nations.
5. Key developments and strategies determined in the market.
6. Detailed profiling of the leading competitors and the entrant market players.
7. Growth prospects among the emerging nations throughout the forecast period.
8. The IoT Medical Devices Market opportunities and recommendations for new investments.
In the end, It includes the methodical description of the various factors such as the market growth and a detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.
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Thus, the IoT Medical Devices Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in IoT Medical Devices Market study.
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Global Blood Glucose Monitoring Systems Market Size, Regional Outlook, Competitive Strategies and Focusing on Top Key Players to 2024
Blood glucose monitoring is an integral part of the standard diabetes care, and it is very helpful in controlling the glucose levels in individuals with diabetes and impaired glucose tolerance. The incidence of diabetes is increasing globally, and around 90% of the patients have type 2 diabetes mellitus with approximately one-fifth of the people undergoing insulin treatment. Self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems are two major types of blood glucose monitoring systems.
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The market for blood glucose monitoring systems is driven by increasing incidence of diabetes across various geographies, huge surge in the aging population, and increasing product launch and approvals. Increasing collaboration and funding to develop innovative devices and raising awareness among the patients are providing an opportunity for the market growth. Product recalls and inadequate reimbursements are few of the factors that may hamper the market growth to an extent.
Market Analysis:
The “Global Blood Glucose Monitoring Systems” market is estimated to witness a CAGR of 6.7% during the forecast period 2018–2024. The global market is analyzed based on four segments – products, applications, end-users, and regions.
Regional Analysis:
The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is the major shareholder in the global blood glucose monitoring systems market, followed by Europe. The Asia Pacific region is expected to grow at a high CAGR during the forecast period due to an upsurge in access to health care services, increasing patient pool, raising awareness among patients, and growing healthcare expenditure.
According to the Asian Diabetes Prevention Initiative, nearly 60% of the total diabetic population resides in Asia. It also estimates that 65.1 million adults in India and 113.9 million adults in China have diabetes.
Product Analysis: The blood glucose monitoring systems market, by product, is segmented into self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems. SMBG systems occupied a significant market share in 2017, and CGM systems are expected to grow at a high CAGR during the forecast period. Increasing adoption of minimally invasive procedures makes it the fastest growing segment during the forecast period
Application Analysis:
The market, by applications, is segmented into type 1 diabetes, type 2 diabetes, and gestational diabetes. Type 2 diabetes occupied a significant market share in 2017 and is expected to remain the same for the next 5 years. This is due to growing patient base for type 2 diabetes and increasing launch of the advanced product in this segment.
End-users Analysis:
The market, by end-users, is segmented into hospitals, homecare, private clinics, and others. Among various end-users, homecare occupied a significant market share and is expected to remain the same during the forecast period.
Key Players: Medtronic plc, Johnson and Johnson, Abbott Laboratories, F. Hoffmann-La Roche Ltd., PHC Holdings Corporation, Ypsomed Holding, Dexcom, Acon Laboratories, Trividia Health Inc., Arkray Inc., Sanofi S.A., Terumo Medical Corporation, Prodigy Diabetes Care LLC, and niche players.
Competitive Analysis: The market has a large number of medium and small players that offer innovative products and has immense growth opportunity, especially in the emerging countries. The key market players are taking advantage of product approvals and new product launches, making their strategies to increase the market share.
For instance, in September 2017, the US FDA approved FreeStyle Libre Flash Glucose Monitoring System, the first continuous glucose monitoring system that can be used by adult patients to make diabetes treatment decisions without calibration using a blood sample from the fingertip. In February 2018, Roche Diabetes Care India announced the launch of its new glucometer Accu-Chek Instant S, which marks the entry of the organization into the mass market segment in diabetes self-monitoring.
Benefits:
The report provides complete details about the usage and adoption rate of blood glucose monitoring systems in various therapeutic verticals and regions. With that, key stakeholders can know about the major trends, drivers, investments, and vertical player’s initiatives. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
Key Stakeholders:
Companies Mentioned:
Medtronic plc, Johnson and Johnson, Abbott Laboratories, F. Hoffmann-La Roche Ltd., PHC Holdings Corporation, Ypsomed Holding, Dexcom, Acon Laboratories, Trividia Health Inc., Arkray Inc., Sanofi S.A., Terumo Medical Corporation, Prodigy Diabetes Care LLC, and niche players
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Some Point from Table of Content:
1 Industry Outlook
1.1 Market Overview
1.2 Total addressable market
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Advantages of blood glucose monitoring systems
3.3 Segmented Addressable Market (SAM)
3.4 Trends of the blood glucose monitoring systems market
3.5 Related Markets
3.5.1 Insulin pump
3.5.2 Smart insulin pen
3.5.3 Insulin Syringes
4 Market Outlook
4.1 Evolution of Blood Glucose Monitoring
4.2 Market segmentation
4.3 PEST Analysis
4.4 Porter 5(Five) Forces
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Global In-Vitro Diagnostics Market Size & Share Analysis
The global IVD market size accounted for $xx billion in 2016. It is projected to reach $xx billion with a CAGR of xx% over the forecast period. IVD are medical devices, used to identify the condition of the disease. Biological samples such as urine, blood, tissues, body fluids and stool are required to detect conditions, infections, and diseases. These tests give accurate results and are easily performed. IVD products can be reagents, instruments or method used for the diagnosis of disorders.
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The high rate in the occurrence of infectious and chronic disorder and a large number of geriatric residents drive the IVD market globally. Additionally, the increase in a number of private and public diagnostic centers is anticipated to boost the market during the forecast period. In addition, growth in investment for the development of the healthcare segment by the government is expected to fuel the growth of the global IVD market. Though, strict rules of government for the production of IVD products and compensation plans are projected to affect the growth of the IVD industry.
Increase in the occurrence of chronic diseases:
Currently, there is an occurrence in chronic diseases such as cancer, tuberculosis (TB), diabetes and cardiovascular diseases. Moreover, there is also a significant increase in patients suffering from infectious diseases such as sexually transmitted diseases, respiratory and gastrointestinal diseases. The demand for IVD is increasing due to a rise in infectious and chronic disorders propelling the IVD market size.
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Technological Developments:
Previously, IVD technologies were performed in clinical labs. Traditionally, pregnancy tests were performed in laboratories, but, nowadays, they can be performed at home by placing the urine sample on the test stick. These tests are easy to perform, less time-consuming and accurate. In the same manner, testing of blood glucose level can also be done, using point of care devices such as a glucometer.
Due to development in IVD technologies, there is an upsurge in the IVD industry. Currently, in Europe Life Technology corporation introduced CE-IVD Marked QuantStudio Dx Real-Time PCR instrument. This PCR offers diagnostic functions such as SNP genotyping, micro-RNA, pathogen detection, and mutation detection copy number analysis and gene expression analysis.
Technique Insights:
Technique section is divided into blood testing, immunodiagnostics, molecular diagnostics, clinical chemistry and tissue diagnostics. Immunodiagnostics consists of enzyme-linked immunospot, radioimmunoassay, western blot, rapid tests, and enzyme-linked immunosorbent assay. Molecular diagnostics include DNA diagnostics, polymerize chain reaction, microarray, isothermal nucleic acid technology, hybridization and many more. Clinical chemistry is divided into lipid profile, electrolyte panel, basic metabolic panel, thyroid function panel, and liver profile. Clinical chemistry holds the largest share in the IVD market.
Product Overview:
In 2016, reagents held the largest market share because of its use in large amount. Reagents such as specific antibodies, protein biomarker, fluorescent tags, and washing buffer are used in immunochemistry assay. Various chemicals such as magnesium chloride or salts, dNTP, primer are used for performing PCR. Most frequently used reagents for molecular diagnostic techniques are fluorescent-labeled nucleotides and primers. Reagents are playing a major role in the R&D department which is helping to increase the demand of the IVD market.
Application Overview:
The market is segmented into diabetes, drug testing, nephrology, cardiology, autoimmune diseases, infectious diseases, cancer or oncology.
End-User Overview:
IVD is used in laboratories, by patients for self-testing, academic institutes, and hospitals.
Benefits of In-Vitro Diagnostics:
• Multiple Tests at the Same Time: Allows various markers to be detected at the same time and also helps in testing of drugs at different concentrations.
• Easily Records the Data: Easy for the clinician to record or process the information in form of scanned image or photocopy.
• Customizable to detect various chemicals: IVD are used in detecting specific markers. Clinicians have a large collection of chemicals that can be detected. Chemicals can be in the form of biological molecules, such as heroin a synthetic narcotic or hemoglobin in red blood cells.
• Quick Results: IVD tests can produce results in minutes exposing the sample.
Regional Overview:
North America holds the largest IVD market share. The occurrence of infectious disorders such as cancer and respiratory disorders are the factors involved in increasing IVD market size. In 2016, Europe was a second largest market and is projected to witness a substantial growth in the coming years. The Asia Pacific is the fastest growing region over the forecast period.
Key Players:
Players involved in the development of IVD market share are Abbott Laboratories, Thermo Fischer Scientific, Sysmex Corporation, Roche Diagnostics, Dickinson and Company, Ortho-Clinical Diagnostics and many more.
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Artificial Pancreas Devices System Market Analysis- Size, Share, Growth, Industry Demand, and Forecast 2025
Crystal Market Research details out informative data related to the Artificial Pancreas Devices System Market which anticipated to garner major market share. This Research Report provides the newest realistic data useful for future worldwide business trend.
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Industry Outlook
The Artificial Pancreas Devices System Market is predicted to garner lucrative market share by 2025, while registering itself at a significant compound annual growth rate (CAGR) during the forecast period. The artificial pancreas device system is equipped for a close ideal replication of the fundamental functions of glucose of healthy natural pancreas. These systems commonly include three types of devices: a constant glucose monitoring system, an insulin pump or infuser, and a glucometer or some other blood glucose estimating device. The measuring device is important to help align the CGM, which should likewise be possible utilizing a PC that can keep up a calculation to control the CGM utilizing values obtained from the blood glucose device. An artificial pancreas device system is generally a closed loop system that follows a mechanized technique for delivering insulin to a patient. It can subsequently be totally self-sufficient and can work with no manual inputs, like natural pancreas.
Competitive Analysis
The leading players in the market are Bigfoot Biomedical, Pancreum Inc, Beta Bionics Inc, Johnson & Johnson, Tandem Diabetes Care, Medtronic and TypeZero Technologies. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Segmentation Overview
Artificial Pancreas Devices System Market, By Application, Estimates and Forecast, 2014-2025 ($Million)
CTR System
Threshold suspended device system
CTT System
Regional Insights
Europe held the biggest share of the overall industry of around 43% out of 2015 attributable to the presence of advanced human services foundation, high patient awareness levels combined with generally higher medicinal services consumption levels. Besides, reserves offered by the administration to giving a superior nature of treatment are empowering industry players and scientists to get new innovation. Asia pacific is foreseen to display the quickest development amid the figure time frame.
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Major TOC :
Chapter 1. Introduction
1.1. Report Description
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
Chapter 4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico
4.1.1. United States Market Status and Outlook (2014-2025)
4.1.2. Canada Market Status and Outlook (2014-2025)
4.1.3. Mexico Market Status and Outlook (2014-2025)
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mHealth Market Size , Share and Forecast upto 2025
mHealth Market Overview :
mHealth stands for mobile health is the sub segment of eHealth that deals with the medicinal practice in favor of public health care, supported by mobile devices. The term mHealth is used to refer the use of mobile communication devices such as mobile phones, electronic tablets, PDAs and also comprises of wearable devices such as a smart watch for data collection and information about health care services. mHealth is applicable in wide areas, ranging from collection of community and clinical health data and delivery of healthcare information to medical personnel to real time monitoring of the patient by provision of direct care. In developed countries the patients and consumers extensively use mobile gadgets to search for healthcare services and access various kinds of healthcare information. Doctors, physicians and even nurses are found making use of mobile devices to access information about a patient from established databases and other resources. The mHealth market comprises of devices such as ECG monitors, blood glucose meters, multi parameter trackers, sleep apnea trackers, etc.
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Robust penetration of smartphones in the developed as well as developing countries responsible to boost global mHealth market
According to World Health Organization (WHO), 112 member states participated in the module of survey, out of which 83% were reported to possess at least one mHealth initiative in their country. A majority of these member states reported implementation of 4 or more types of mHealth initiatives. As per the mHealthShare factsheet, 62% of smartphone owners in the U.S. have used their phone in 2014 to look up for health condition and information as compared to that of 52% in 2012. The rising interest and extensive use of mobile devices including tablets are widening the scope of global mHealth market.
The global mHealth market is segmented on the basis of equipment, service, therapeutics and geography.
On the basis of equipment, the global mHealth market is segmented as
Blood Glucose Meters
BP Monitors
Pulse Oximeters
Neurological Monitoring
Cardiac Monitors
Apnea and Sleep Monitor
Wearable fitness sensor device and Heart Rate Meters
Others
Based on the service type, the global mHealth market is segmented as
Wellness Service Market
Prevention Services Market
Treatment Services Market
Diagnosis Service Market
Monitoring Services Market
Healthcare Systems Strengthening Solutions Market
Based on the therapeutic segment, the global mHealth market is segmented as
Cardiovascular
Diabetes
Respiratory
Neurology
Others
Asia Pacific is expected to show an accelerating global mhealth market mainly due to government initiatives in spreading healthcare awareness
On the basis of geography, the global mHealth market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The mHealth market is spurred in the North America attributing to flourishing number of pilot projects and live health in the U.S. and Canada. The increase in number of wellness apps coupled with rising adoption of smartphones as well as increasing reliability on mobile phone apps for day to day routine is expected to accelerate the regional market in the coming forecast years. Further, rise in the rural population in countries such as Vietnam, Indonesia and India are also diligently involved in expansion of global mHealth market. Certain solutions such as bulk messaging to inform disease spread and awareness tips are commonly used in these countries. Use of local language to compose these text messages effectively helps in delivering the information to the rural population. Indian government has launched an official application named National Health Portal, India that is designed in a way to provide access and information about healthcare to a predominantly semi- literate or illiterate population.
Factors responsible to boost the mHealth market involves rising awareness among people regarding regular health updates
The primary factor responsible to drive the global mHealth market is the affordability and integration of wireless technologies which can cause a breakthrough in monitoring and diagnostics, mainly in the developing countries where smartphones are penetrating the market at a great speed. The rapid rise in the incidence of the chronic diseases as well as the advancing technologies in the mobile health apps that delivers information of personal healthcare on the regular basis are also responsible to fuel mHealth market. For instance, the in- build health app in the Apple phones provides insights about the activity, sleep, nutrition, everyday workout and even maintains reproductive health acting a smart assistant for the mobile phone users. Moreover, the mHealth devices such as glucometers and oximeters are applicable in the geriatric population of monitoring blood glucose levels and oxygen levels mainly in the diabetic population. However, lack of accuracy of these devices could restrain the market growth as many people complain about the extreme results displayed by these devices.
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The key players involved in improvement of the mHealth devices to increase sales in the global mHealth market
The key players operating the mHealth market are Medtronic Inc., Apple Inc., Sanofi, Mobistante, Inc., AirStrip Technologies, Inc., AliveCor, Inc., LifeWatch AG, Koninklijke Philips N.V, Jawbone, Nike, Inc., Omron Corporation, Johnson and Johnson, Bio Telemetry Inc., Withings, AgaMatrix Inc., iHealth Lab Inc., Qualcomm, AT&T, Cerner Corporation and Cisco Inc. The mobile service provider companies are focusing to deliver uninterrupted healthcare services in the robust penetration of 3G and 4G networks across the world while several other companies manufacturing healthcare related technological devices are focusing towards providing devices with more precision and accuracy to the users by better optimization and improving the sensitivity of these devices.
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Nasal Drug Delivery Market to Witness a Healthy Growth in Coming Years | TechSci Research
Increasing prevalence of various respiratory disorders and demand for non-invasive techniques are acting as key growth drivers for the global nasal drug delivery market.
According to TechSci Research report, “Global Nasal Drug Delivery Market By Drug Type (Antihistamines, Corticosteroids, Anesthetics, Antibiotics, Pain Relief Drugs, Others), By Dosage Form (Sprays, Drops, Powder, Gels & Ointments), By Container Type (Non-Pressurized Containers, Pressurized Containers), By Basis of System (Metered Dose, Multi-Dose, Unit Dose), By Therapeutic Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Rhinitis, Cystic Fibrosis, Nasal Congestion), By End User (Home Care Settings, Hospitals, Clinics), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), By Region, Forecast & Opportunities, 2026”, the global nasal drug delivery market was valued at USD57.18 billion in 2020 and is expected to grow with a double digit CAGR of 11.67% during the forecast period.
The market is primarily driven by increasing prevalence of various respiratory disorders such as asthma, Chronic Obstructive Pulmonary Disease (COPD) and pneumonia around the world coupled with growing patient preference for nasal products. The efficacy and easy administration properties of nasal drug delivery devices is creating their high demand in the global market. Moreover, development of new and advanced nasal drug delivery devices and increasing awareness among patients about the benefits of these products are expected to propel the market growth through 2026. Also, the growing demand for non-invasive techniques and less painful treatments are creating profitable opportunities for nasal drug delivery device manufacturers.
Additionally, nasal drug delivery devices provide self-medication, which does not require visit to the doctor and makes it easy for the patients. Thus, with increasing demand for home healthcare devices and growing adoption of self-administration practices, global nasal drug delivery market is poised to undergo a substantial growth during the forecast period.
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The global nasal drug delivery market is segmented based on drug type, dosage form, container type, basis of system, therapeutic applications, end user, distribution channel and region. Based on dosage form, the market can be segmented into drops, sprays, powder, gels & ointments. Among them, sprays segment contributed highest revenue in global market in 2020 owing to growing cases of infections and allergic rhinitis, leading to high demand for generic forms of spray drugs. However, the drops segment is anticipated to undergo the fastest CAGR during the forecast period as they are affordable, and their treatment success rates are high compared to other dosage forms.
Major players operating in the global nasal drug delivery market are GlaxoSmithKline Plc., Pfizer, Inc., AstraZeneca PLC, Novartis AG, Becton Dickson & Company, Promius Pharma LLC, 3M COMPANY, Johnson & Johnson Services, Inc., Sanofi S.A., Merck & Co., Inc., Cadila Pharmaceuticals Ltd., Aegis Therapeutics, LLC, B.F. Ascher & Company, Inc., ENT Technologies Pty. Ltd. and AptarGroup, Inc. Leading companies are focusing on new product development, and are undergoing joint ventures to increase their share in the global nasal drug delivery market.
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“The presence of major manufacturers and increasing cases of respiratory disorders in countries like United States and Canada are making North America a lucrative market for nasal drug delivery. The region is further expected to dominate through 2026 owing to advancements in healthcare and launch of new technology equipped nasal drug delivery devices. Though, Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to increasing patient pool suffering from chronic and respiratory disorders and increasing per capita disposable income,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Nasal Drug Delivery Market By Drug Type (Antihistamines, Corticosteroids, Anesthetics, Antibiotics, Pain Relief Drugs, Others), By Dosage Form (Sprays, Drops, Powder, Gels & Ointments), By Container Type (Non-pressurized Containers, Pressurized Containers), By Basis of System (Metered Dose, Multi-Dose, Unit Dose), By Therapeutic Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Rhinitis, Cystic Fibrosis, Nasal Congestion), By End User (Home Care Settings, Hospitals, Clinics), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of nasal drug delivery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global nasal drug delivery market.
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