Thursday, August 24, 2023

Amyotrophic Lateral Sclerosis Market Overview by Size, Share, Trends, Growth and Competitive landscape 2030

 

Market Analysis

The amyotrophic lateral sclerosis market overview was valued at USD 0.75 billion in 2022. The Amyotrophic Lateral Sclerosis market industry is projected to grow from USD 0.79 Billion in 2023 to USD 1.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2023 - 2030).

ALS or Amyotrophic Lateral Sclerosis is a neurological ailment which affects the nerve cells in the spinal cord and the brain that controls the voluntary muscles’ activities. Some of the common symptoms of ALS include cramps, muscle weakness, respiratory problems, and fasciculation. This is a progressive neurological disease where gradually patients become dependent on physicians and caregivers increasingly. Often ALS results in respiratory failure as the patient loses the ability of

There are many factors that are driving the growth of the amyotrophic lateral sclerosis market. Some of these factors as per the Market Research Future (MRFR) report include rising incidences of ALS, increase in awareness among patients, increase in geriatric population, FDA approvals and initiatives taken by the government on R&D activities. On the other hand, factors such as low treatment availability and high treatment cost may hinder the growth of the amyotrophic lateral sclerosis market.

Key Players

The amyotrophic lateral sclerosis market players include

·         Sun Pharmaceutical (India),

·         Sanofi (France),

·         Mylan N.V. (USA),

·         Mitsubishi Tanabe Pharma America (USA),

·         ITF Pharma (USA),

·         Ionis Pharmaceutical (USA),

·         Covis Pharma (Switzerland),

·         Biogen (USA),

·         Ascend Pharmaceuticals LLC (USA) and

·         Apotex Inc. (Canada).

Market Segmentation

As per the MRFR report, the amyotrophic lateral sclerosis market report is segmented into type, treatment, and end user.

·         Based on type, it is segmented into sporadic ALS and familial ALS. Of these, the sporadic ALS segment will dominate the market during the forecast period.

·         Based on treatment, the amyotrophic lateral sclerosis market is segmented into speech therapy, respiratory therapy, physical therapy, medication, and others.

·         Based on end-users, it is segmented into specialty centers, research and academic institutes, hospitals and others. Of these, the hospital segment will have the highest growth during the forecast period.

Regional Analysis

Based on region, the amyotrophic lateral sclerosis market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will lead the market during the forecast period owing to support from the government for R&D, rising pool of awareness, the existence of many leading market players, increasing incidence of hypertension, and advanced medical facilities. Canada and the USA are the largest contributors in this region. Europe will have the second largest share in the amyotrophic lateral sclerosis market during the forecast period. The UK, Germany, and France will be the largest contributors in this region. In the APAC region, the amyotrophic lateral sclerosis market is anticipated to grow rapidly owing to the rapidly expanding healthcare infrastructure, increasing the incidence of ALS, the presence of the growing economies mainly India and China, and increasing setups of R&D centers. South Korea, Japan, and Australia are the other vital country-specific markets here. On the other hand, the amyotrophic lateral sclerosis market in the Middle East and Africa will have the smallest share owing to poor countries, inadequate healthcare facilities, lack of education, medical facilities having low standard, lack of awareness and lack of advanced and innovative medical facilities.

Feb 2019- Leading technology transfer company, BGN Technologies has lately disclosed about a new AI (artificial intelligence) platform to monitor and predict the development of neurodegenerative diseases in order to identify markers both for improved drug development and personalized patient care. This technology will focus on ALS at an initial stage and later on will be adapted to other neurodegenerative diseases namely Alzheimer’s and Parkinson’s. The latest technology will predict disease progression more accurately, a key component for clinical trials along with better identifying the interrelationships amid demographics and many other measurable factors that are identified through patient functionality and physical examinations. It will allow researchers in creating a system which insurers, HMOs, pharmaceutical companies, caregivers, physicians, and patients can use on mobile applications and desktop for monitoring and predicting ALS progression.

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Osteoarthritis Market Overview Trends, Recent Developments and Technology, Size, Share, Future Growth, Forecast Research Report 2032

 

Market Overview

The global osteoarthritis market share is projected to reach a exhibiting a CAGR of approximately 9.1% over the forecast period of 2023-2032, proclaims Market Research Future (MRFR) in a minutely analyzed research report. The market is growing persistently on account of the growing global geriatric population as it accounts for more disability among the elderly population than any other disease. Elderly patients have been reported to experience radiographic osteoarthritis which increases as patients age. Rising populace of obesity is also considered to be the driving factor in the growth of the global osteoarthritis market since obesity has also been identified as a risk factor for osteoarthritis. Obesity reduces the skeletal-weight-to-body-mass which results in compressive forces to joints. Although the treatment market for osteoarthritis is not robust, increased prevalence of the disease has resulted in increased R&D activities which are expected to bring new treatment options to the market. Moreover, raising awareness about the disease may induce demand for medications and boost market growth. Low access to healthcare and the side effects of the treatment procedures are the most significant hurdles to the growth of the global osteoarthritis market research. Stem cells treatments have been demonstrated as a possible treatment for osteoarthritis which is expected to provide growth opportunities to the global osteoarthritis market report.

 

Competitive Landscape

The global osteoarthritis market players include

ü  Regeneron (U.S.),

ü  Novartis AG (Europe),

ü  TissueGene Inc. (U.S.),

ü  Eli Lilly and Company. (U.S.),

ü  Pfizer Inc. (U.S.),

ü  Abbott. (U.S.),

ü  Ampio Pharmaceuticals Inc. (U.S.),

ü  ABIOGEN PHARMA S.p.A (Europe), and

ü  Merck Sharp & Dohme Corp. (U.S.).

 

Segmentation

The global osteoarthritis market outlook has been segmented based on type, diagnosis, treatment, and end users. By type, the osteoarthritis market has been segmented into hip osteoarthritis, wrist osteoarthritis, spinal osteoarthritis, and others.

 

          ·           By diagnosis, the osteoarthritis market trends has been segmented into imaging, joint fluid analysis, and others. The imaging segment, is sub-segmented into X-rays, magnetic resonance imaging (MRI), and others.

          ·           By treatment, the osteoarthritis has been segmented into medication, surgery, therapy, and others. The medication segment has been further segmented into analgesics and non-steroidal anti-inflammatory drugs, and others. The analgesic sub-segment has been further segmented into acetaminophen, duloxetine, and others. The non-steroidal anti-inflammatory drugs sub-segment has been further segmented into aspirin, ibuprofen, naproxen sodium and naproxen, and others.

          ·           By end users, the osteoarthritis segment has been hospitals & clinics, medical institutes, research organization, and others.

 

Regional Analysis

The global osteoarthritis market overview spans across the regions of the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas hold the dominant position in the global osteoarthritis market. A robust healthcare sector, huge osteoarthritis patient pool, and high healthcare expenditure support the growth of the Americas market.

 

Europe has commanded the second position in the global osteoarthritis market. Availability of funds for research and development activities coupled with government support, high healthcare expenditure and growing prevalence of osteoarthritis in the region propels the growth of the Europe market.

 

Asia Pacific follows Europe in the global osteoarthritis market. The presence of a huge patient population, rising healthcare investments in the developing economies, and the untapped markets of the region provide a lucrative opportunity for market expansion. Moreover, favorable government policies aid market growth and will help Asia Pacific to emerge as the fastest growing market for osteoarthritis.

 

The Middle East & Africa holds the least share in the global osteoarthritis market. Poor economic condition and low penetration of healthcare limit the growth of the market, especially in the Africa region and the majority of the market share is held by the Middle East market. The healthcare sector is well-developed in the Gulf countries which helps the Middle East market progress.

 

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RSV Diagnostics Market Overview Trends, Recent Developments and Technology, Size, Share, Future Growth, Forecast Research Report 2030 

 

Market Highlights

The latest report by Market Research Future (MRFR) states that the Respiratory Syncytial Virus (RSV) market share is all set to gain substantial traction by accruing gigantic revenues by 2023. In addition, it is on track to surge at a CAGR of 10.7 % during the forecast period (2020–2030).

Market Drivers and Top Restraints

The document named “Reducing Neonatal Mortality and Morbidity in Latin America And the Caribbean, An Interagency Strategic Consensus” states that almost 400,000 children under the age of five die due to infections that could have been prevented. This has attracted the focus of various health agencies that are striving to get a hold of the issue. For instance, Latin American Center for Perinatology and Pan America Health Organization (PAHO) have diverted their focus in the direction of educating the parents to fight against possible infections, promoting the growth of the RSV diagnostics market in the process.

The rising incidence rate of respiratory infections has done wonders for the market and is bound to surge at a significant rate in the coming years. with the growth in the incidences of chronic diseases around the world, there is bound to be an increase in the case of respiratory infections. This is going to have a definite positive impact on the demand for testing of infectious diseases like RSV. The deaths among neonates owing to these infections can be prevented when timely diagnosis and subsequent treatment is provided. Thus, the growing awareness regarding this factor is set to enhance the growth of the RSV diagnostics market in the years ahead.

Key Vendors

Global RSV diagnostics market players are Bio-Rad Laboratories Inc., Abbott, F. Hoffman-La Roche Ltd., Danaher Corporation, Quest Diagnostics, Biocartis, Luminex, Hologic, Fast Track Diagnostics, Biomerieux, Becton, Dickinson, and Company (BD), Alere, Inc., Quidel Corporation, Thermo Fisher Scientific are among some of the top most companies in the RSV diagnostics market.

Market Segmentation

The global RSV diagnostics market overview has been segmented based on product, method, and end-user.

Depending on the type of product, the market has been classified into kits and assays, instruments, and other products.

Method-wise, the global RSV diagnostics market has been considered for molecular diagnostics, rapid antigen detection test, gel microdroplets, flow cytometry, and others. Furthermore, the rapid antigen detection tests are sub-segmented into enzyme-linked immunosorbent assays, immunofluorescence assays, and other rapid antigen detection tests. The other type of rapid antigen detection tests can be segmented into chromatographic immunoassays and optical immunoassays.

The end-users mentioned in the report include hospitals and clinics, clinical laboratories, home care, and others.

The Rising Number of OEMs to be the Key Trend in the Global Market

The growth in the number of original equipment manufacturers (OEMs) is on its way to become a popular trend in the worldwide RSV diagnostics market in the near future. OEMs like Thermo Fisher Scientific and Sekisui Diagnostics are one of the leading manufacturers that offer RSV diagnostics.

There has been a rise in the number of combination products like drug delivery and smart devices, which is prompting the OEMs to work in conjunction with the contract manufacturing organizations (CMOs), making way for a number of new companies to gain entry into the market. As a result, there has been an increase in the product range required for diagnosing RSV.

Regional Outlook

The global RSV diagnostics market report is segmented into the regional markets of the Americas, Asia Pacific, Europe, as well as the Middle East & Africa.

The Americas will be the most lucrative market for RSV diagnostics on account of the rising incidences of RSV, growing healthcare expenditure and technological advancements in molecular diagnostics. As per the Centers for Disease Control and Prevention, over 57,000 children younger than five years old are hospitalized owing to RSV infection every year, in the United States (U.S). In order to bring down this abysmal number, various initiatives and programs are being introduced in the region, which means that the market will be doing excellent business in the region in the years to come.

Meanwhile, Europe has landed the second spot in the global RSV diagnostics market, with factors like increasing automation in vitro diagnostics, rising occurrence of RSV diseases, and surging funding offered by the government backing the said growth. Considering the current status of the region, the data furnished by the University of Oxford states that more than 30,000 babies and children less than five years of age are expected to be hospitalized every year owing to RSV.

The RSV diagnostics market in Asia Pacific can be broken down into smaller markets in the countries of India, Japan, China, Republic of Korea, Australia and the rest of the region. The regional market is touted to be the fastest-growing globally as a result of the rise in the infectious disease which includes the RSV infection. Also, the increasing healthcare expenditure coupled with the surge in the demand for RSV disease diagnosis has taken the market to higher levels in the past few years. In addition, countries like India, China, and Japan are deemed to be growing at the fastest rate in the region with the expanding healthcare systems along with the growing government initiatives backing up these markets.

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Microspheres Market Overview Trends, Recent Developments and Technology, Size, Share, Future Growth, Forecast Research Report 2032 

 

Market Overview:

Microspheres are extensively used in the healthcare sector owing to their qualities such as chemical resistance, enhanced processing, heat resistance, thermal stability, and others. Market Research Future (MRFR) has published a report stating that the global microspheres market share is projected to reach USD 10.99 Billion at a CAGR of 12.20% during the forecast period of 2023-2032.

Key Players:

Global microspheres market report players profiled by MRFR that are 3M (Unites States), Potters Industries LLC (United States), AkzoNobel N.V. (Netherlands), Momentive Performance Materials Inc. (United States), Chase Corporation (United States), Matsumoto Yushi Seiyaku Company (Japan), Mo-Sci Corporation (United States), Trelleborg AB (Sweden), Luminex Corporation (United States) and others.

 

Market Drivers and Restraints:

Increased research for the development of advanced medical devices that ensure effective drug delivery is fueling the growth of the global microspheres market research as these microparticles are extensively utilized in such devices. Rapid technological advancement is also aiding the development of medical devices and treatment techniques that require microspheres, which in turn is propelling the growth of the global microspheres market. However, low penetration of technologically advanced solutions in the underdeveloped countries is restraining the growth of the global microspheres market during the review period.

Market Segmentation:

The global microspheres market trends has been segmented on the basis of material, types, and application. Based on material, the global microspheres market has been segmented into synthetic polymers and natural polymers. Based on type, the global microspheres market has been segmented into bioadhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres. Based on application, the global microspheres market has been segmented into drug carrier, pulmonary drug delivery, tissue regeneration, and others.

 

Regional Analysis:

Geographically, the global microspheres market overview has been segmented into four major regions such as North America, Europe, Asia Pacific, and the Middle East and Africa. The North America region is projecting dominance over the global microspheres market owing to the rapid technological advancement &easy adoption of technologically advanced solutions in the well-developed healthcare sector in this region. This region is forcasted to expand at a significant CAGR of 11.3% during the forecast period of 2016-2022. Whereas, the Europe region is projected to be the second largest market in the global microspheres market, expanding at a noteworthy CAGR of 11.5% during the assessment period. The market in this region is majorly driven by the increased research and development activities that are being carried out in the pharmaceutical industry, presence of large number of prominent players and increased healthcare expenditure by the population of the Europe region. The Asia Pacific region is forecasted to project the fastest growth in the global microspheres market owing to the increased government funding for the development of healthcare sector and rapid expansion of the pharmaceutical industry in this region. Poor economic conditions, low penetration of advanced technology and absence of primary healthcare services in the underdeveloped countries are leading to the slow growth of the microspheres market in the Middle East and Africa region.

 

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3D Printing Medical Devices Market by Size, Share, Trends, Competitive Landscape, Regional Analysis Forecasts to 2030

 

Overview:

Global 3D Printing Medical Devices Market Share is projected to reach USD 6.86 billion by 2030, as per the report of Market Research at a CAGR of 29.9% during the forecasted period 2023 - 2030, which can be studies as the forecast period for the market. The report also covers several market aspects to understand, which way the market would swing in the coming days.

3D printing has the benefit of creating products with great precision and in much less time. In addition, it curbs the final cost significantly and can be customized as per the need. The recent advents of the technology in various segments like dental, orthopaedic, and others are expected to make substantial space for the market to proliferate. The technology is gaining mileage by impacting sectors like the creation of limb prosthetics, titanium replacements for hips & jaws, manufacturing of plastic tracheal splints, etc.

The global 3D printing medical devices market report can experience the impacts of government funding and various private investors. But its biocompatibility issues can deter the market growth.

Competitive Landscape:

Global 3D Printing Medical Devices Market Players has potential to make changes in the outcome of the market in the coming years by transforming their strategic moves. These companies are Stratasys Ltd., 3D Systems Corporations, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., SLM Solutions Group AG, Materialise NV, Oxford Performance Materials, Inc., Laser GmbH, 3T RPD Ltd, Bio3D Technologies, Renishaw plc, Cyfuse Medical K.K.EOS GmbHConcept, Prodways Group, and others.

 

Segmentation:

MRFR’s take on the Global 3D Printing Medical Devices Market has its foundation on the segments like component, types, application, technology, and end-users. These segments have inclusion of various insights regarding the market that can be explored well for strategies of the coming years.

By type, the global 3D printing medical devices market trends includes prosthetics & implants, surgical instruments, surgical guides, and tissue engineering product. The surgical guide segment has better market coverage.

By component, the global market report for 3D printing medical devices comprises system, 3D bio printer, materials software & services, and 3D printer. The software & services segment has better opportunities to cover the market on a greater way.

By technology, the report for 3D Printing Medical Devices Market Overview forms a foundation by centering around droplet deposition, 3D printing, laser beam melting, photopolymerization, laminated object manufacturing (LOM), polyjet technology, electron beam melting (EBM), and others. The photopolymerization segmentation is deemed to spearhead the global market.

By application, the same market report covers clinical study devices, external wearable devices, implants, and tissue engineering.

By end-users, the report on the global market for 3D Printing Medical Device comprises academic institutions, medical & surgical centers, pharma & biotech companies, hospitals, and contract research organization.

Regional Analysis:

 

The 3D Printing Device Marketis finding strong traction in the Americas where cosntant changes is getting ushered in by various market players who are operating from the region and impacting the global market by earning better revenues. The market in the Americas has two distinct regions like North America and South America. In North America, the market for 3D printing devices depends mainly on the contributions of the US and Canada, whereas, in the South, the market gains more from the evolution of Argentina and Brazil. North America has the market dominance and it can be taken into consideration The market in the region is gaining from increasing demand for transplants.

In Europe, the market is finding strong growth due to increasing government funding and investments in the research and development sector. The improving lifestyle is also creating much demand for the regional market for 3D printing medical devices.

The market in the Asia-Pacific region has the potential to clock highest growth rate during the forecast period. Also, the geriatric population and rising expenditure in the healthcare sector can improve the market scenario better.

The market from the Middle East & Africa region may find least revenues to contribute as the region lacks infrastructure and much expenditure capacity due to the presence of poor economies.

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Growing Adoption of Non-Invasive Tattoo Removal Techniques: Market Implications

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