Friday, October 27, 2023

Biologic Therapy Market Insights Research Report 2023-2030

Global Biologic Therapy Market to Grow Healthily over 2023

Biologic therapy is gaining traction. According to a report published by Market Research Future (MRFR), the global biologic therapy market size is set to reach USD 288.03 billion by 2030 at a CAGR 8.20% over the forecast years 2023-2030. Biologic therapy is viewed as an innovative treatment module based on products sourced from living organisms.

Biologic therapy is used to stimulate or suppress the immune system for treatment purposes. The therapy finds application in treatment of diseases such as infection, cancer and several other diseases. Advances in the field of biologic therapeutic is boosting the application scope of biologic therapy. Rising demand for biological and targeted drug therapies is making a positive impact on the global biological therapy market. The R&D pipeline for biologic therapy is expected to grow in the future as pharmaceutical companies realise the vast market opportunities. 

Global Biologic Therapy Market: Segmental Analysis

MRFR’s report includes a detailed segmental analysis of the market based on therapy, product type, end-user and application. Based on therapy, the market has been segmented into vaccines therapy, cell therapy, protein therapy and others. Based on product type, the market has been segmented into services, instruments and kit and reagents. Based on end-user, the market has been segmented into hospitals and clinic, research centers and speciality centers. Based on application, the market has been segmented into blood and blood-related products testing, tissue and tissue-related products testing, vaccine and therapeutics development, stem cell research and cellular and gene therapy.

Global Biologic Therapy Market: Regional Analysis

On the basis of region, the biologic therapy market insights has been segmented into North America, Europe, the Middle East & Africa (MEA), Latin America and Asia Pacific (APAC). North America represents an important market for biologic therapy. Rising geriatric population, growing cancer prevalence in countries such as the U.S. and Canada are some of the factors supporting the market growth in the region. Data released by United States Census Bureau reveals that the total count of Americans aged 65 and above surpassed 49.2 Mn in 2016. Advanced countries in North America have robust health coverage policies along with a quicker access to latest biologic therapeutics. Many market players operating in North America are focusing on patient-centric products. In addition, companies are focusing on delivering customized therapeutics. High healthcare spending in the region is also influencing the market growth. The Center for Disease Control and Prevention reported that healthcare expenditure in the U.S reach to 3.2 trillion in 2015.

Europe in hold the second spot in the global biologic therapy market in terms of revenue. The market in Europe is expected to exhibit a healthy growth over the next couple of years. The healthcare sector remains focused on innovation and continue to excel in delivering quality care. In addition, presence of an advanced healthcare system is reflecting favourably on the market in the region. Many of the advanced countries in Europe have large pool of geriatric population. Data released by Eurostat revealed that more that 19% of the over population in Europe is aged 65 and above.

Asia Pacific is emerging as a highly attractive market for biologic therapy. It is projected that the market in APAC will demonstrate the fastest growth during the forecast period. Increased occurrence of lifestyle diseases is driving the demand for biologic therapy. Rising healthcare expenditure, increased awareness level and improving healthcare infrastructure are some of the key factors influencing the market in APAC.

The market in MEA is expected to witness a relatively slower growth during the forecast period. This is mainly owing low penetration and limited access. However, increased efforts towards improving healthcare standard in GCC countries is likely to create market opportunities.

Global Biologic Therapy Market: Competition Analysis

Global biologic therapy market players include

         ·         Bristol-Myers Squibb,

         ·         Amgen Inc.,

         ·         Eli Lilly,

         ·         Seattle Genetics, Inc.,

         ·         GlaxoSmithKline Plc.,

         ·         Novartis International AG,

         ·         Celgene Corporation and

         ·         Spectrum Pharmaceuticals, Inc.

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Vascular Patches Market Players, Segmentation & Analysis by Recent Trends

Market Analysis

The global vascular patches market size is poised to touch at a notable 8.0% CAGR over the predicted years 2023-2032. Vascular patches are utilized in vascular surgeries for closing sutures. In every surgical procedure, the primary closure of sutures needs to be done effectively. Vascular patches are made from synthetic or biological materials and are characterized through excellent biocompatibility. Of the different types, it is the biological vascular patches that are most widely used owing to its various advantages such as excellent biocompatibility, low suture line bleeding, minimum infection rate and ease in use.

There are plentiful factors that is boosting the growth of the vascular patches market. These factors as per the Market Research Future (MRFR) report include rapidly increasing geriatric population, prevalence of vascular diseases, growing number of vascular surgeries being performed, growing use of biological patches, need for minimally invasive surgeries and increasing product launches and research and development investments. On the contrary, scarcity of skilled professional, mishandling, decrease in carotid endarterectomy surgeries owing to low preference are factors that may restrict the growth of the vascular patches market.

Key Players

Vascular patches market players are include Baxter International Inc. (U.S.), Edwards Lifesciences Corporation (U.S.), Labcor Laboratórios Ltda (Brazil), Admedus (Australia), CryoLife, Inc. (U.S.), W. L. Gore & Associates, Inc. (US), LeMaitre Vascular, Inc. (U.S.), Maquet (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), C.R. Bard, Inc. (U.S.) and others.

Market Segmentation

MRFR report provides an extensive segmental analysis of the vascular patches market on the basis of application, material and end-user.

Based on material, it is segmented into synthetic vascular patches and biologic vascular patches. Of these, the biologic vascular patches will have the maximum share in the market over the predicted years followed by synthetic vascular patches that will grow at the fastest pace.

Based on application, the vascular patches market is segmented into open repair of abdominal aortic aneurysms vascular bypass surgery and carotid endarterectomy. Of these, carotid endarterectomy will dominate the market followed by open repair of abdominal aortic aneurysms vascular bypass surgery which will grow at the fastest rate.

Based on end-user, it is segmented into ambulatory surgical centers, hospitals and clinics and others. Of these, hospitals and clinics will rule the market followed by ambulatory surgical centers that will grow at the fastest pace.

Regional Analysis

By region, the vascular patches market insights covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will domineer the market over the predicted years and is expected to expand at a substantial CAGR. The increasing occurrence of cardiovascular issues in Canada and the US, growing population and increasing per capita healthcare spending will boost the market growth in this region. Also, the rapid uptake of latest devices and technologies in the surgical procedure and the presence of key manufacturers is again boosting the market growth. The vascular patches market in Europe will have the second major share due to the resurging economy, growing awareness regarding vascular patches and procedure advancements and increasing per capita healthcare expenses. The vascular patches market in the APAC region will grow at the fastest pace over the predicted years owing to growing healthcare sector in India and China, increasing geriatric populace, growing awareness regarding healthcare and rising incidence of people suffering from various chronic coronary diseases.

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Thursday, October 26, 2023

Microelectronic Medical Implants Market Insights Analysis By Segmentations, Key Players & Regional Analysis

 Market Scenario:

The global Microelectronic Medical Implants Market Insights is expected to grow at a CAGR of 11.5% over the forecast period of 2022-2030, reveals a research report published by Market Research Future (MRFR). The market has observed rapid growth on account of rising prevalence of cardiac disorders such as cardiac arrest, heart failure, artery diseases, stroke. Such cardiac diseases accelerate the demand for medical implants such as Pacemakers, Defibrillators, and Neurostimulators which positively impact the market growth. Growth in incidences of other chronic diseases such as epilepsy and Parkinson's disease also add to market growth. The rise in the geriatric population who are more likely to acquire such diseases also propel the growth of the market.

Regional Analysis

The key markets of the global microelectronic medical implants market include North America, Europe, Asia Pacific and the Middle East & Africa. North America accounts for the largest share of the market owing to favorable government policies and growing incidences of cardiac diseases in the region and is expected to grow at a CAGR of 8.7% over the forecast period. Europe follows North America closely and is expected to grow at a CAGR of 8.9% over the forecast period. Asia Pacific is slated to emerge as the fastest growing market owing to the growing healthcare sector and increased medical expenditure in the region. Moreover, the region has a large patient pool which provides growth opportunities in the future.

Competitive Landscape

The global microelectronic medical implants market players are highly competitive and is characterized by the presence of many established players. The key players functioning in the market include

Abiomed Inc,

Cyberonics Inc.,

Medtronic Inc.,

Neuropace Inc.,

St. Jude Medical Inc.,

Biomet Inc.,

Envoy Medical,

Microsemi Corporation.,

Retina Implant AG,

Worldheart Corporation and

others.

The key players are implementing various strategies such as partnership, mergers, acquisition, product launches to sustain their position in the market.

Segmentation

The global microelectronic medical implants market has been segmented based on product and application.

By product, the market has been segmented into neurostimulators, drug infusion pumps, and others.

By application, the market has been segmented into pacemakers, defibrillators, neurostimulators, spinal fusion stimulators, implantable drug pumps, hearing implants, eye implants, ocular implants and others.

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Cryotherapy and Cryosurgery Market Growth Outlook Trends, and Forecast by 2032

Global Cryotherapy and Cryosurgery Market   - Overview

Cryotherapy and Cryosurgery Market Size was valued at USD 0.35 billion in 2022. The cryotherapy and cryosurgery market industry is projected to grow from USD 0.37415 Billion in 2023 to USD 0.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2023 - 2032). 

Cryotherapy, this medical practice has been used since ages. Cryotherapy and cryosurgery both these medical processes are carried on using low temperature. Cryotherapy treatment uses extreme cold temperature. Cryosurgery is a part of cryotherapy that used to destroy or remove disease tissues. It is used to cure some types of cancer and to remove skin tags warts, moles etc. Cryotherapy is very useful in treating skin problems, heart diseases, injuries, improving immunity, increasing blood pressure etc. Cryotherapy is also widely used for treating sport related injuries. Continuous innovation and technological advancement are leading the growth of cryotherapy and cryosurgery market. Increasing awareness and consciousness about skin and related diseases are also driving the growth of this market along with increasing number of cancer treatments. Cryotherapy and cryosurgery market is growing moderately.

Growing numbers of cancer patients and increasing heart diseases are driving the growth for the cryotherapy and cryosurgery treatments. Cryotherapy is widely used in sports industry worldwide to cure injuries and pain management. Medical devices manufacturers are investing money in R&D to develop innovative products for the market.

The cryotherapy and cryosurgery market is segmented by type, application, end user, and region. By type, the market is divided into ice pack therapy, instant ice pack therapy, whole body cryotherapy, partial body cryotherapy, and internal cryotherapy. By application, the market is categorized into dermatology, oncology, pain management, cardiology, ophthalmology, gynecology, urology, and others.

Increasing healthcare facilities and technological advancement are driving the growth for the market of cryotherapy and cryosurgery. However, some factors are prohibiting the growth for the market such as side effects of the treatment, impact cryotherapy cost is high of surgery, high price of medical devices etc.

Market Players

The Cryotherapy and cryosurgery market research are Impact Cryotherapy (US), Galil Medical Inc. (US), HealthTronics, Inc.(US), KryoLife Inc (US), Medtronic (Republic of Ireland), GRAND Cryo LLC (Russia), Erbe USA, Incorporated, Wallach Surgical Devices (US), MedGyn Products, Inc. (US).

Cryotherapy & Cryosurgery Market – Segmentations

The report - The Cryotherapy and Cryosurgery market is segmented into four key dynamics, for the convenience of the report and enhanced understanding: -

By Types                     : Comprises Instant Ice Pack Therapy, Ice Pack Therapy, Whole Body Cryotherapy, Internal Cryotherapy and Partial Body Cryotherapy, among others.

By Device Types          : Cryo Chambers, Cryogun, Gas Cylinders, Cryosaunas, Cryo Probes, and Thermocouple Devices, among others.

By Applications          : Oncology, Dermatology, Pain Management, Cardiology and Trigeminal Neuralgia, among others.

By Regions                  : North America, Europe, APAC and Rest-of-the-World (RoW).

The Ice Pack Therapy segment by Types is estimated to account for 28% of the market share, while The Instant Ice Pack Therapy segment will garner 23% of the market share.

The Whole-Body Cryotherapy segment will evaluate for 16% of the market share.

The Partial Body Cryotherapy segment will pull around 21% market share, whereas the Internal Cryotherapy segment will account for 12% of the Market Share.

Cryotherapy & Cryosurgery Market – Geographical Analysis

Globally, North America region is expected to lead the Cryotherapy and Cryosurgery market accounting for a significant market share.  Factors substantiating the market growth of this region include growing demand for the minimally invasive procedures, supported by the growing number of patients suffering from the chronic diseases such as Cancer.

Whereas the world’s second-largest market for Cryotherapy and Cryosurgery - Europe is expected to demonstrate a healthy growth during the review period. Factors such as the well-proliferated healthcare sector, witnessing the growing number of advanced treatment facilities fuelled by the growing demand for better healthcare infrastructure and increasing healthcare expenditures are driving the growth in the Europe market.

The Asia-Pacific market is emerging as a lucrative market for Cryotherapy and Cryosurgery owing to the rising number of patients suffering from Cancer along with the other chronic diseases and the growing population that is increasingly adopting the sedentary lifestyle. Increasing funding support from the private and public bodies are paying off well, increasing R&D activities, and eventually are supporting the market growth in the region.

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Wednesday, October 25, 2023

Medical Implants Market Size : A Global Analysis of the Market Trends

 Medical Implants Market Synopsis:

The Medical Implant Market Size was valued at USD 45.9 Billion in 2022. The Medical Implant market industry is projected to grow from USD 49.66 Billion in 2023 to USD 93.29 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The widening range of application of medical implants in the healthcare sector is anticipated to fuel demand in the market over the next couple of years.

The key drivers of the medical implants market research report accelerating the revenue creation for market participants include the adoption of implants by patients, rising prevalence of chronic diseases, increasing aging population, etc. The rising investments in the development of medical implants are expected to favour the growth of the medical implants market in the forthcoming years.

The increasing awareness about repairs and preventive care of the human body has catalysed the growth of the medical implants market. The trend is anticipated to perpetuate in the foreseeable future. Additionally, the global increase in healthcare expenditure is likely to have a positive impact on the medical implants market proliferation. However, ambiguous regulatory frameworks coupled with high costs associated with surgeries are projected to hold the market growth through the projection period.

Competitive Dashboard:

The global medical implants market players are Johnson & Johnson Services, Inc. (U.S.), 3M (U.S.), Institut Straumann AG (Switzerland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), Smith & Nephew (U.K), Dentsply Sirona (U.S.).

Market Segmentation:

By type, the global medical implants market is segmented into orthopedic implants, cardiac implants, spinal implants, dental implants, ophthalmic implants, cosmetic implants, and others. The cardiac implants segment is prognosticated to register a relatively higher CAGR of 7.63% over the forecast period.

By type of material, the medical implants market has been segmented into metallic material, ceramic material, polymers material, and others.

By end-users, the global medical implants market is segmented into hospitals & clinics, research laboratories, and others.

Regional Insights:

By region, the global medical implants market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is the largest market for medical implants and is expected to flourish in the forthcoming years. The factors responsible for favouring the growth of the market in the region are increasing patient pool, accelerated investments in research, developed healthcare, advanced technologies, etc.

Europe holds the second spot in the global medical implants market due to exponential geriatric population, rising healthcare expenditure, increasing government support, etc. Asia Pacific is projected to be the fastest growing regional market over the assessment period. The presence of countries such as China and India are likely to favour the growth of the medical implants market in the region. Meanwhile, the Middle East & Africa region is poised to hold a comparatively lesser medical implants market share of the global market owing to limited development in the healthcare sector. However, economically strong countries such as Qatar and Kuwait are poised to aid market expansion in the foreseeable future.

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Addison’s Disease Market Size : A Global Analysis of the Market Trends

Addison’s Disease Treatment Market Highlights

Addison's Syndrome Over the forecast period, the market is predicted to increase considerably. The market is expected to be worth USD 587.45 million in 2030, and it is expected to increase at a CAGR of 10.70% over the forecast period.

Addison’s disease occurs when the body starts producing inadequate amounts of certain hormones produced by adrenal glands. The glands start to produce too less cortisol and aldosterone as well.  Addison’s disease is a rare disorder, and only 1 in 100,000 people suffer from it.

The increasing prevalence of Addison’s disease and rising research & development activities to produce new products for diagnosing and treating diseases is expected to drive market growth over the forecast period. According to a report published by the National Centre for Biotechnology Information in June 2017, the incidence rate of Addison’s disease is 0.6 per 100,000 of the population per year. Despite the drivers, difficulty in diagnosis in early stages and lack of knowledge can restrain the market growth over the assessment period.

The Addison's Disease Market Size is undergoing significant evolution, with promising developments for patients worldwide. Addison's Disease, a rare endocrine disorder characterized by insufficient adrenal gland hormone production, has seen a surge in research and treatment options. Pharmaceutical companies are investing in innovative therapies, targeting hormone replacement and immunomodulation to improve patients' quality of life.

Advanced diagnostic tools are also emerging, enabling earlier disease detection and personalized treatment plans. Telemedicine platforms and patient support organizations play pivotal roles in raising awareness and providing education and support. While Addison's Disease remains a niche market, the growing commitment to research and patient care bodes well for those living with this challenging condition, offering hope for a brighter future.

Addison’s Disease Treatment Market Players

The global Addison’s Disease Market research players are Pfizer Inc., Boehringer Ingelheim International GmbH, Shire, Tocris Bioscience, GlaxoSmithKline plc, Merck KGaA, Lupin Pharmaceuticals, Inc., Abbott, Amgen Limited & Amgen Ireland Limited, Bayer AG, Biogen, Eli Lilly and Company, Novartis AG, Diurnal, Switzer Life science Pvt. Ltd., and others.

Segmentation

The global Addison’s Disease Market has been segmented into diagnosis, treatment, and end user.

The market, based on diagnosis, has been segmented into clinical laboratory test and imaging tests. Laboratory testing is further segmented into blood tests, ACTH stimulation test, insulin-induced hypoglycaemia test, and other tests. Imaging tests are further segmented into chest radiography and CT scan.

The global market, on the basis of treatment, has been segmented into oral corticosteroids and corticosteroid injections. Oral corticosteroids are expected to hold the largest share owing to high preferability of oral dosage forms like tablets. Corticosteroid injections are anticipated to be the fastest growing segment owing to the less time required for diffusing in the bloodstream through this mode.

The global Addison’s disease market, by end user, has been segmented into hospitals and clinics, diagnostic laboratories, and other end users.

Regional Analysis

Geographically, the Americas is expected to dominate the global market owing to the presence of well-developed healthcare sector, raising awareness of the disease and favourable reimbursement policies. Europe is expected to hold the second largest position in the global market owing to the growing awareness about the disease coupled with increasing healthcare expenditure. Asia-Pacific is expected to be the fastest growing market owing to the rising prevalence of the rare disease marketing and increasing developments in pharmaceuticals & diagnostics segment. Furthermore, the Middle East and Africa region are expected to account for the least Addison’s disease market share in the global market.

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Diabetes Monitors Market Outlook: SWOT Analysis, And Key Industry Developments

Diabetes Monitors Market – Overview

The rise in the number of cases for diabetes is surging around the world and has necessitated the growth of diabetes monitors. Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The Diabetes Monitors Market share is projected to rise at a CAGR of 7.8 % in the forecast period 2023-2032.

The large patient base diagnosed with diabetes is a key driver for the demand of the diabetes monitors market insight. The nature of diabetes as an ailment requires constant monitoring is expected to contribute to the development of the diabetes monitors market positively. The presence of factors such as growth in technological innovations and rising research funding levels is anticipated to spur the progress of the market in the forecast period.

Detailed Regional Analysis     

The regional analysis of the diabetes monitor market includes regions such as the Middle East, Europe, Asia Pacific, Africa, and the Americas. The Americas region is controlling the diabetes monitors market due to the existence of a huge patient population, elevated healthcare expenses, and the existence of the important players. Due to the soaring incidence of the condition, private organization, companies, and government associations are aggressively taking part in improving diabetes care. The European region holds the following position in the diabetes monitors market. It is likely that the support offered by the government bodies for research and development, along with a presence of sophisticated technology is driving the market in the European region.

The Asia Pacific region is projected to be the fastest mounting region through the forecast period. The escalating need for cost-effective glucose monitoring devices, quickly improving technology, and the incidence of a huge patient pool is driving the 000expansion of this market in the Asia Pacific region. The Middle East and African region holds the smallest share in the market due to the incidence of underprivileged and slow rising countries, chiefly, in the African region.

Competitive Analysis

The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans. The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by fairly high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous state of affairs for the evolution of the market in the projected period.

The Diabetes Monitors Market Players are

Abbott Laboratories,

Panasonic,

Dexcom, Inc.,

F. Hoffmann-La Roche Ltd,

Medtronic,

Sanofi,

LifeScan, Inc., and

others.

Segmental Analysis

The segmentation of the diabetes monitors market outlook is conducted on the basis of component, type, sample, region, and end-users. Based on the sample, the diabetes monitors market is segmented into sweat samples, blood samples, urine samples, and others. By type, the diabetes monitors market is segmented into continuous glucose monitors, point sample test based glucose monitors, and enzyme-free sensor based glucose monitors. The continuous glucose monitors are additionally segmented into re-usable sensor based CGM and disposable sensor based CGM. Based on the components, the diabetes monitors market is segmented into glucose test strips, lancet, and sensors. The sensors are additionally segmented into enzyme-free sensors and enzyme-based sensors. By the end -users, the diabetes monitors market is segmented into hospitals, diagnostic clinics, and home. Based on regions, the market comprises of the Middle East, Europe, Asia Pacific, Africa, and the Americas.

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

Tattoo Removal Market: Overview and Trends The tattoo removal market is a dynamic and growing sector within the global aesthetics industry...