Friday, September 15, 2023

Nuclear Imaging Devices Market Share, Size, Trends, Industry Analysis Report to 2032

 

Market Highlights

The global Nuclear Imaging Devices Market Share is expected to grow significantly over the forecast period. It is anticipated that the market is projected to register a CAGR of 5.1% over the forecast period 2023-2032.

The increasing prevalence of cardiovascular disorders is one of the key factors driving the nuclear imaging devices market. As per the report published by the Centers for Disease Control and Prevention (CDC) in 2017, nearly 92.1 million adults were dealing with at least one type of cardiovascular disease.

Various other factors such as the advancements in radiotracers, acceptance of nuclear imaging devices in ambulatory settings, increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and increasing investment on diagnostic imaging centers are also expected to propel the growth of the market.

However, the high cost of the nuclear imaging device, shorter half-life of radiopharmaceuticals can hamper market growth over the forecast period.

Key Players

the global nuclear imaging devices market players are

Philips Healthcare,

Digirad Corporation,

Neusoft Medical Systems Co., Ltd.,

Progenics Pharmaceuticals Inc.,

Cannon Inc.,

Surgiceye GmbH,

CMR Naviscan,

Mediso Medical Imaging Systems Ltd.,

Agfa-Gevaert Group,

General Electric Company,

DDD-Diagnostic A/S,

Spectrum Dynamics Medical,

FMI Medical Systems, Inc.,

Segamicorp, and others.

Segmentation

The global nuclear imaging devices market is segmented based on technology, application, end user, and region.

·        The global nuclear imaging devices market outlook, by technology, is segmented into positron emission tomography (PET), single photon emission computed tomography (SPECT), and planar scintigraphy. The single-photon-emission computed tomography (SPECT) are further classified as hybrid SPECT systems and standalone SPECT systems.

·        Based on application, the market is segmented into oncology, cardiology, neurology, and others.

·        Based on end user, the market is segmented into hospitals, diagnostic imaging centers, and others.

·        The diagnostic imaging centers segment is expected to witness the fastest growth over the forecast period due to rising adoption of nuclear imaging in diagnostic centers.

Regional Analysis

In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.

The nuclear imaging devices market insights in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European nuclear imaging devices market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The nuclear imaging devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The nuclear imaging devices market in the Middle East & Africa has been segmented into the Middle East and Africa.

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Pacemaker Market Share, Size, Trends, Industry Analysis Report to 2032

 

Market summery -

 

Global Pacemaker Market Share is expected grow a CAGR of 3.60% over the forecast period of 2023-2032, as per the latest study report by Market Research Future (MRFR).

 

Pacemakers regularize heart rhythm by sending electric pulses to the heart and help in restoring cardiac activity. The surge in the prevalence of cardiac diseases has generated high demand for pacemakers which is driving the growth of the global pacemaker market. Atrial fibrillation, in particular, has witnessed a higher incidence rate in recent years which requires pacemakers for remediation. Increase in global geriatric population is also creating a conducive environment for the growth of the market. Atrial fibrillation and cardiac diseases are more prevalent in old patients. As per a 2018 study published in the Aging Medicine, there is 5 to 9% chance of occurrence of atrial fibrillation in patients between the age of 60-80 years and nearly 10% in patients aged over 80 years.

 

 

Technological advancements have resulted in the development of advanced pacemakers which are smaller in size and have longer battery life. Other factors aiding the growth of the market include an elevated level of awareness regarding cardiovascular diseases, improvement in reimbursement scenario, and high healthcare expenditure across the globe.

 

In recent years, various new pacemakers have received clearance from regulatory bodies which also has augmented the growth of the global pacemaker market. However, the approval and marketing if pacemakers are regulated by the US FDA which are stringent considering the degree of risk they pose to patients. Such stringent regulatory requirements might impede the growth of the market. High costs of pacemakers, risks involved in implantation procedures and risks of malfunctioning are other possible bottlenecks.

 

Competitive Landscape

Global pacemaker market players are below

ZOLL Medical Corporation, MEDICO S.p.A, Cordis, Inc., St. Jude Medical Inc., Biotronik GmbH & Co. KG, Boston Scientific Corporation, General Electric Company, Pacetronix, Medtronic Plc, Sorin Group, Edwards Lifesciences, Cook, and Vitatron are the key players in the global pacemaker market.

 

Segmentation

The global pacemaker market outlook has been segmented based on product type, application, implant approach, and end-user.

By product type, the global pacemaker market has been segmented into implantable and external. The implantable segment has been further segmented into single chamber, dual chamber, and biventricular.

By application, the global pacemaker market has been segmented into bradycardia, heart failure, hypertrophic cardiomyopathy, syncope, and others. The bradycardia segment has been further segmented into sinus node dysfunction and AV block.

By implant approach, the global pacemaker market has been segmented into endocardial approach and epicardial approach.

By end-user, the global pacemaker market has been segmented into hospitals & clinics, ambulatory surgical centers, research & academic institutes, and others.

 

Regional Analysis

By region, the global pacemaker market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

 

The Americas account for the largest share of the global pacemaker market. Presence of a robust healthcare sector and technological advancements accelerate the growth of the market. The FDA has also been approving various novel pacemakers in the region. Moreover, the presence of various medical device manufacturers and surging cases of cardiovascular disorders support market growth in the Americas.

 

Europe follows the Americas closely and ranks second in the global pacemaker market. Growing government support in the form of R&D grants and the growing presence of key players in the region drive the market in Europe. The growing incidence rate of cardiovascular diseases and high healthcare expenditure are other factors substantiating the growth of the market.

 

APAC pacemaker market is driven by the growing prevalence of atrial fibrillation in the region. In addition, the region has emerged as a medical tourism hub which is likely to propel the growth of the market. Increasing healthcare expenditure and the presence of a large pool of cardiac patients also will have a positive impact on market growth.

 

The MEA market is likely to exhibit sluggish growth due to lack of healthcare infrastructure, lack of technical knowledge and less awareness regarding cardiac medical conditions.

 

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Corporate Wellness Market Insights, Global Strategies & Growth Factors

 

Market overview

The global corporate wellness market size is estimated to exhibit growth by expanding at 8.5% during the forecast period 2022-2030 to reach a valuation of USD 114.4 billion by 2030. This growth is attributable to the higher acceptance of corporate wellness programs, which are designed to evaluate the employee’s health.

Additionally, these wellness programs are designed to estimate the probable health risks and promote healthy behavior at the workplace. Thus, these programs promote a healthy environment at workplaces and enhance productivity by lower healthcare spending substantially. Such factors are driving growth of the global corporate wellness market.

Further, the adoption of such programs results in improve morale & quality of work and decreases absenteeism; thus, several organizations are adopting corporate wellness programs. Rising prevalence of obesity, smoking, alcoholism, and other chronic diseases among white-collar workers especially in the private sector are boosting the adoption of corporate wellness. According to the data by the World Health Organization (WHO), more than 1.1 billion people were smoking tobacco in 2015. Additionally, the prevalence of obesity has tripled from the past three decades. Such data are reflecting the need for the adoption of corporate wellness programs among employers to keep their employees healthy to deliver quality work on time. This is a key factor estimated to drive growth of the global corporate wellness market in the coming years.

Competitive Analysis:

The global corporate wellness market players include ComPsych Corporation, SOL Wellness, Wellness Corporate Solutions, LLC, Wellsource, Inc., Truworth Health Technologies Pvt. Ltd., Central Corporate Wellness, Virgin Pulse, EXOS, Marino Wellness, Privia Health, ProvantHealth (Hooper Holmes, Inc.), The Vitality Group, Inc., Sodexo Group, and Bupa Wellness Pty Ltd.

Segmentation:

The global corporate wellness market has been segmented into category, service type, end user, and region.

By service type, the market is segmented into stress management, health risk assessment, nutrition & weight management, fitness, smoking cessation, health screening, and others. Of these, the health risk assessment segment dominated the global corporate wellness market in 2017 owing to the increasing adoption of wellness programs for wellbeing and assessment of health risks of employees. Additionally, implementation of the appropriate intrusion strategies and promotion of adopting a healthy lifestyle are benefiting the segmental growth.

On the basis of category, the market is segmented into psychological therapists, fitness & nutrition consultants, and organizations.

Based on end users, the market is segmented into medium-scale businesses, small-scale businesses, and large-scale businesses.

Regional Analysis:

Regionally, the corporate wellness market insights is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, North America dominated the global corporate wellness market in 2017 and is estimated to remain dominant during the forecast period owing to the presence of corporate wellness program providers coupled with a substantial increase in the prevalence of chronic diseases in the region. Additionally, the most significant expenditure on healthcare in the region and surge in the adoption of wellness activities in Canada and the U.S.

Further, Europe is likely to hold the second-largest share in the revenue of the corporate wellness market owing to the increasing activeness of European employees and employers. Additionally, corporate wellness programs are increasingly taking a crucial part of medium or large organizations in the region, which is augmenting the growth of the market. The corporate wellness programs have become the strategic priority in European organizations; thus, the market in the region is flourishing continuously. However, the market in the Asia Pacific is estimated to expand by exhibiting a faster CAGR owing to robust industrialization and urbanization in the region. In addition to this, the increasing awareness about the health of employees due to the effects of long working hours and larger workload in countries such as India and China are estimated to benefit the market growth in the coming years as well.

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Thursday, September 14, 2023

Healthcare Fraud Detection Market Share, Leading Players and Demand Forecast Report 2032

 

Market Analysis

The global healthcare fraud detection market share is projected to reach at CAGR 29.5% during the forecast year 2023-2032. Healthcare fraud takes places when a healthcare provider or an insured person offers misleading or false information to health insurance companies with an intention to have it paid to another party, individual, healthcare provider or policy holder for unauthorized benefits. Health care fraud comprise of medical fraud, drug fraud and health insurance fraud. Some common examples of such fraud include misrepresenting dates, duration, description of services and frequency, submitting claims for services that is not provided, numerous claims filed for same patients by different providers, data falsification by physicians. Healthcare fraud detection will help to prevent healthcare fraud, abuse and waste.

There are many factors that is driving the growth of the healthcare fraud detection market. Some of these factors as per the Market Research Future (MRFR) report include increasing fraudulent activities in the healthcare sector, growing number of patients looking for health insurance, prepayment review model, increasing pressure of abuse, waste and fraud on healthcare spending, high investment returns, and thorough and stringent checks in claims procedure to reduce losses to insurance companies. On the contrary, factors such as requirement for recurrent upgrades made in the fraud detection software, time-consuming deployment and the reluctance to use healthcare fraud analytics especially in the developing economies may impede the healthcare fraud detection market growth.

Key Players

healthcare fraud detection market players include Pondera Solutions, Northrop Grumman, DXC Technology, CGI Group, Scio Health Analytics, International Business Machines Corporation (IBM), LexisNexis, Wipro, Conduent, HCL Technologies, SAS Institute, Fair Isaac, McKesson, Verscend Technologies, Optum and others.  

Market Segmentation

Market Research Future report offers an all-inclusive segmental analysis of the healthcare fraud detection market on the basis of component, end-user, delivery model, application and type.

Based on component, it is segmented into software and services. Of these, services will dominate the market over the estimated years.

Based on end-users, the healthcare fraud detection market outlook is segmented into private insurance payers, employers, government agencies and others.

Based on delivery model, it is segmented into on-premise and on-demand delivery models. Of these, on-demand will dominate the market.

Based on application, the healthcare fraud detection market is segmented into insurance claims review and payment integrity. The insurance claims review is again segmented into post and prepayment review. Of these, insurance claims review will dominate the market.

Based on type, it is segmented into prescriptive analytics, descriptive analytics and predictive analytics. Of these, descriptive analytics will lead the healthcare fraud detection market over the estimated years.

Regional Analysis

Based on region, the healthcare fraud detection market insights covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, Americas will govern the market over the estimated years owing to increasing fraud cases in healthcare sector, promising government initiatives for preventing fraud in healthcare sector and more and more people requesting for health insurance. This will be followed by Europe that holds the second position owing to rising incidences of corruption and healthcare fraud in the region, developing state to cut down fraud within the healthcare sector and progress of the information technology sector. In the APAC region, the healthcare fraud detection market is predicted in being the fastest developing due to increasing frequency of frauds, evolving IT sector and constantly developing economies. On the other hand, the healthcare fraud detection market in the Middle East and Africa will have the least share. The Middle Eastern region however is anticipated to have a key share owing to the increasing health insurance frauds cases.

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Irritable Bowel Syndrome Treatment Market Share, Size, Trends, Industry Analysis Report to 2032

 

Overview:

 

The Global Irritable Bowel Syndrome Treatment Market Share is showing impressive signs of attaining a CAGR of 8.1% between 2023 and 2032. Irritable bowel syndrome is a disease that triggers immense pain in the stomach that, if not cured in time, could lead to depression. The problem can be a long-lasting one. Market Research Future (MRFR) report has found out that the market is evolving due to the growing awareness that is making people seek better treatment.

 

Several factors like better market awareness, high expenditure capacity, and increasing ingress of various technologies can impact the global market. Pharmaceutical industries are impacting the market with various innovation and others.

 

Competitive Landscape:

 

Global Irritable Bowel Syndrome Treatment Market Players are Allergan Inc., Valeant Pharmaceuticals international, Inc., Lexicon Pharmaceuticals, Inc., Astellas Pharma, Inc., Mallinckrodt, Synergy Pharmaceuticals Inc., Nestle Health Science, Ardelyx, Inc., Ironwood Pharmaceuticals, and Abbott. MRFR recorded the latest moves initiated by these companies to make sure that a chart can be drawn for the market in the future, which can be used to predict various movements in the coming days.

 

 

Segmentation:

 

The report on the global irritable bowel syndrome treatment market outlook makes it extensive by segmenting the market into type, drug type, and end user. These segments carry various factorial details and trigger better understanding with volume-wise and value-wise understanding.

 

By type, the global market for irritable bowel syndrome treatment includes IBS-C, IBS-D, and IBS-M. IBS-D is has the potential to emerge as the major shareholder over the forecast period.

 

By drug type, the report on the global irritable bowel syndrome treatment market insights includes linaclotide, lubiprostone, rifaximin, eluxadoline, and alosetron. The Linaclotide segment has the potential to take over the market.

 

By end use, the report containing study of the global irritable bowel syndrome treatment market encompasses clinics, research laboratories, hospitals, and others. The Hospitals segment has the better market coverage.

 

Regional Analysis:

 

North America is expected to make better contribution for the irritable bowel syndrome market. The regional market has better market opportunities due to their high expenditure capacity. Better healthcare facilities, high investment for research & development sector, medicines lined up in the pipeline, and others are expected to make strong contributions for the regional market. In addition, the presence of top-notch pharmacies and countries like the US, Canada, and others are expected to earn more revenues for the market.

 

Europe is expected to portray similar growth patterns, which can trigger a high influx of revenues. The market is also known for the presence of several market players who are impacting it with their innovations. On the other hand, they are collaborating with various other players to make substantial impact on the market.

 

The APAC market has better opportunities as the global players are looking for constant incorporation of efforts from regional governments, which they are receiving. In addition, the region has become a perfect business expansion plans for these companies. Hike in expenditure capacity, better medical facilities, and others are expected to make the market contribute the most in the coming years. Its massive population can also play a crucial role by allowing easy permeation for the market.

 

 

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Small Molecule API Market Share Expected to reach a notable valuation by 2032

 

Market Insights:

Market Research Future (MRFR)’s latest study asserts that the global small molecule API market is set to expand at a CAGR of 7.0% during the forecast period 2023 to 2030. The global small molecule API market share is set to reach a healthy growth by 2030. The increased investments in the research & findings coupled with government support are likely to propel the market growth in the forthcoming years.

The pharmaceutical industry is presently making massive profits and is equipped with developed infrastructure. The pharmaceutical industry is anticipated to expand in the foreseeable future. This, in turn, is expected to drive the growth of the small molecule API market. Additionally, the increase in the prevalence of diseases coupled with the discovery of new viruses and diseases is prognosticated to affect the small molecule API market proliferation positively.

Some of the factors responsible for favoring the expansion of the small molecule API market include growing demand for small molecule drugs, rising access to the medication in developing and underdeveloped countries, entry of big CMOs into the market, etc. Furthermore, rising burden of cardiovascular diseases and cancer is forecasted to intensify the competition among the players of the small molecule API market. According to the American Cancer Society, 1,735,350 new cancer cases and 609,640 cancer deaths are estimated in the U.S. alone.

Competitive Dashboard:

Small Molecule API Market players profiled in the report are Albemarle Corporation, Dr. Reddy’s Laboratories Ltd, GlaxoSmithKline Plc, Lonza, Merck Sharp & Dohme Corp., Allergan Plc, Aurobindo Pharma, Cambrex Corporation, Mylan N.V., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd, Novartis AG, Pfizer Inc., and Siegfried AG.

Market Segmentation:

By type, the small molecule API market outlook has been segmented into synthetic/chemical API, and biological API. Synthetic/chemical API segment currently holds 81.4% share of the market. It is likely to retain its pole position over the forecast period.

By application, the global small molecule API market is segmented into cardiovascular, oncology, diabetes, immunological disorders, and others. The cardiovascular segment held the maximum share of the market in 2015. It is anticipated to show positive growth across the review period.

By manufacturing method, the small molecule API market has been segmented into in-house and contract.

Regional Analysis:

By region, the global small molecule API market insights has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa. North America is the largest market for small molecule API. It is expected to retain a significant market share through the assessment period. The factors favoring the expansion of the regional market include developed healthcare sector, availability of funds, increasing clinical trials, rising burden of cancer, etc.

Europe is the second largest small molecule API market. It is estimated to exhibit healthy growth over the next few years. The growth is attributable to the initiatives undertaken by the governments to support the expansion oh pharmaceutical industry. Furthermore, the availability of funds coupled with the adoption of next-gen healthcare technology is anticipated to aid market proliferation in the region.

Asia Pacific is projected to thrive at the highest CAGR during the review period. The Asian countries have an abundance of raw materials required for drug manufacturing. Additionally, low labor cost and regulatory relaxations have aided profit maximization for the regional market players. Asia Pacific is one of the significant exporters of small molecule drug, and the trend is projected to continue over the next few years.

The Middle East & Africa is set to exhibit steady growth. The African regions lack proper healthcare facilities and resonate strong growth opportunities. However, the Middle Eastern countries such as Qatar and Kuwait are expected to witness considerable growth due to the developed healthcare sector and increasing awareness.

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Smart Inhalers Market Share accelerating a CAGR during the forecast period

 

Smart Inhalers Market – Overview

The use of smart technology has established a smart presence in the healthcare domain. This has led to an increased number of smart devices. Market focused reports linked with the healthcare industry among others recently have been made available by Market Research Future which issues reports on this industry. The smart inhalers market share is projected to expand with a 23.50% CAGR approximately while earning revenues worth USD 2.00 billion by the end of the forecast period 2032.

The need to monitor medicine dosage and schedule the medicine intake in the market for smart inhalers has grown considerably. Due to the prevalence of ailments like asthma, the market has grown considerably over the past few years. As asthma patients are required to monitor their drug intake diligently, the smart inhalers provide a great degree of convenience in that regard. The development of the market is also powered by the incorporation of cutting-edge technologies in these products.

Global Competitive Analysis

The impetus for the market’s growth has altered the competitive background of the market. By ensuring supply and demand are in balance the competitors can unlock new opportunities for growth. The key players and trends have created a positive tone for development. The important trends and players have established a positive tone for development. The opportunities for growth and innovation have increased at a rapid pace transforming the landscape of the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been spurred to devise strategic road-maps that capitalize on the positive market cues.

Smart inhalers market players are AstraZeneca, Gecko Health Innovations Inc., Cohero Health, Adherium, GlaxoSmithKline, Inspiro Medical, and Propeller Health.        

Industry Segments 

The smart inhalers market outlook has been segmented on the basis of application, type, end user, and region. On the basis of type, the segment involves metered dose inhaler and dry powder inhaler. The dry powder inhalers control the principal share of the market. The application basis of segmentation of the market consists of asthma, COPD, and others. The end user segmentation of the market is segmented into respiratory care center, hospitals & clinics, and others. On the basis of regions, the market includes North America, APAC, Europe and rest of the world.

Detailed Regional Analysis

The smart inhalers market insights comprises regions such as North America, Middle East, Europe, Africa, APAC and rest of the world.  Globally, the North American region is the major market for smart inhalers which is predicted to touch $888.4 million in revenues approximately by 2023. The European region was the second biggest market in 2016 which is worth $57.4 million. Additionally, the Asia Pacific market is anticipated to be the most rapidly growing market and is likely to develop at a CAGR of 55.3 percent during the forecast period from 2016 to 2022. The smart inhalers market in the rest of world is anticipated to surge after 2019.

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

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