Prosthetics And Orthotics Market : A Regional Analysis of the Market Size, Share, and Trends

 

The global prosthetics and orthotics market is expected to reach a notable growth during forecast period 2018-2032. The market is driven by the increasing prevalence of chronic diseases, such as diabetes and obesity, which are leading to an increase in amputations. Additionally, the rising geriatric population is another key factor driving the market growth.

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Key players in the global prosthetics and orthotics market include:

• Ottobock
• Ossur
• Blatchford
• Wright Medical
• Stryker
• Zimmer Biomet
• Envision Healthcare
• Hanger
• Fillauer
• Coapt
• WillowWood

These companies are focusing on developing new and innovative prosthetic and orthotic devices to meet the growing needs of the patients. Additionally, they are expanding their presence in emerging markets to capitalize on the growing demand for prosthetics and orthotics in these regions.

North America prosthetics and orthotics market is the largest market for prosthetics and orthotics in the globe, accounting for over 35% of the global market share in 2022. The high prevalence of chronic diseases, the increasing geriatric population, and the well-developed healthcare infrastructure in the region are the major factors driving the market growth.

Europe prosthetics and orthotics market is the second-largest market for prosthetics and orthotics in the globe, accounting for over 25% of the global market share in 2022. The high prevalence of chronic diseases, the aging population, and the government support for the use of advanced prosthetic and orthotic devices are the major factors driving the market growth.

Asia Pacific prosthetics and orthotics market is the fastest-growing market for prosthetics and orthotics, with a CAGR of 10.2% from 2022 to 2027. The increasing prevalence of chronic diseases, the growing geriatric population, and the rising disposable incomes in the region are the major factors driving the market growth.

Latin America and the Middle East and Africa are relatively smaller markets for prosthetics and orthotics, accounting for over 10% and 5% of the global market share, respectively, in 2022. However, the markets are expected to grow at a significant CAGR during the forecast period, due to the increasing prevalence of chronic diseases and the growing geriatric population in these regions.

Related Charts:

GCC Prosthetics And Orthotics Market Outlook (2018 to 2032) 

Turkey Prosthetics And Orthotics Market Outlook (2018 to 2032) 

Israel Prosthetics And Orthotics Market Outlook (2018 to 2032) 

South Africa Prosthetics And Orthotics Market Outlook (2018 to 2032) 

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Healthcare Analytics Market Trends : A Forecast of the Market Size and Trends

Market Scenario

Considering the exponential traction that the market is garnering currently, Market Research Future (MRFR) in its recently published study analysis asserts that the Healthcare Analytics Market share is projected to grow from USD 12.9 Billion in 2023 to USD 37.3 Billion by 2032.

Healthcare analytics offers the macro and micro level insights into hospital management, patient records, costs, diagnoses, and more in the burgeoning healthcare industry. Real-time information provided by healthcare analytics, help managers to make decisions, deliver actionable insights, and thus to operate in a better fashion.

Healthcare analytics is revolutionizing pharmaceutical organizations as well. Using more data and analytics, pharmaceutical organizations can assure their formulations positively. As a result, the uptake of healthcare analytics solutions is widening rapidly, leading to an increase in the size of its market.

Moreover, the latest trend of increasing collaboration between healthcare organizations and pharmaceutical companies to improve treatment plans is escalating the market on the global platform, revolutionizing the healthcare sector, completely.

The demand to curtail healthcare costs is playing a vital role in the overall growth of the market. Additional factors that are bolstering the growth of the market include the high adoption of technological advancements in the field of healthcare and the availability of low-cost technology that improves patient care by improving existing procedures, providing better services.

Conversely, factors such as the concerns over the data security alongside the cost of analytical solutions and the technological incompetence are hampering the growth of the market. Nevertheless, the increasing demand for reducing paperwork and better treatment plans in collaboration with pharmaceutical organizations would support the market growth of the market over the review period.

Healthcare Analytics Market – Competitive Analysis

Highly competitive, the healthcare analytics market trends appears fragmented due to the presence of major players. Agreement & partnership, product launch, acquisition, and expansion are some of the key strategies traced from the analysis of recent market developments. 

Major players who are increasingly expanding their footprint internationally are making it difficult for local vendors to compete with them with their extensive technology portfolios, differentiation, quality, and pricing.

Major Players

Global healthcare analytics market players include Cerner, SAS Institute Inc., Allscripts Healthcare Solutions, IBM, Inovalon, Wipro, Cotiviti, Health Catalyst, Citiustech, Mckesson, Oracle, Optum, SCIO Health Analytics, Medeanalytics, and Vitreoshealth, among others.

Global Healthcare Analytics Market – Segmentations

For a better understanding, the global healthcare analytics market outlook has been segmented into six key dynamics: -

By Type               : Descriptive Analytics, Prescriptive Analytics, Predictive Analytics, and Cognitive Analytics.

By Component  : Software and Services.

By Delivery Model          : On-premise and On-demand.

By Application   : Financial Analytics (Claims Processing, Payment Integrity & Fraud, Revenue Cycle Management (RCM), Waste & Abuse (FWA), Risk Adjustment & Assessment), Clinical Analytics (Quality Improvement & Clinical Benchmarking, Clinical Decision Support (CDS)), Operational & Administrative Analytics, and Population Health Analytics among others.

By End-user                       : Payers (Private Insurance Companies, Employers and Private Exchanges, Government Agencies,) and Providers (Hospitals & Clinics, Post-Acute Care Organizations, Ambulatory Settings), among others.

By Regions                         : Europe, North America, Asia Pacific, and the Rest-of-the-World.

Healthcare Analytics Market – Regional Analysis

North America, heading with the presence of major players, accounts for the leading region in the global healthcare analytics market research.  Rapid technological advancements in RCM and clinical analytics and increasing adoption of healthcare IT drive the regional market.  Additional factors that are bolstering growth in the regional market include the rising government initiatives to reduce medical errors and the use of big data and mHealth solutions. Also, increased focus on big data management & analysis, the establishment of healthcare policies by the federal government, and early emergence and adoption of healthcare analytics across the region would fuel the growth of the market during the forecast period.

The healthcare analytics market insights in the European region accounts for the second-largest market, globally. Factors such as government support and the presence of a well-established healthcare sector foster market growth in the region. Moreover, the increasing number of healthcare infrastructures and the healthcare insurance companies are fueling the increase in the regional market. 

The Asia Pacific healthcare analytics market is emerging as a profitable market globally. Factors such as vast technological advancements and the increasing demand to reduce medical errors are propelling the growth in the regional healthcare analytics market. With the several niche market players trying to leverage the share in the regional market, the number of technology providers is also expected to increase over the forecast period.

Moreover, factors such as the increasing patient pool drive the growth of the regional market, creating a huge demand for healthcare analytics in the region. The market is majorly propelled by some of the rapidly developing countries such as India and China.

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Diabetes Monitors Market Trends, Growth and Forecast Report 2030

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 USD 11775.58 million by 2030 with a CAGR of 7.80 % in the forecast period 2022-2030.

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.

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 trends 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.

Detailed Regional Analysis     

The regional analysis of the diabetes monitor market research 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.

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Healthcare Information Systems Market Trends, Recent Developments and Technology Report 2032

Market Synopsis:

The healthcare information systems market share increase in adoption of the latest technologies in the healthcare sector is supposed to drive the growth of the healthcare information systems market in the foreseeable future. A report offered by Market Research Future (MRFR) indicates that the market is prognosticated to mark 12.90% CAGR over the forecast period 2023 to 2032. The developments in the healthcare IT industry is projected to drive the expansion of the healthcare information systems market trends in the upcoming years.

The healthcare system is growing at a rapid pace which has led to the generation of vast amount of data everyday. The efficient management of these data is one of the top-most priorities of healthcare organizations. Thus, the healthcare information software market is presumed to gain traction in the nearby future. In addition, rising number of patients on the global front, coupled with expansion of healthcare service providers, is expected to drive the augmentation of the healthcare information system market in the upcoming years.

The healthcare industry is expanding, which is supposed to motivate adoption of advanced technologies in the industry. This ongoing trend of technological development is supposed to drive the growth of the healthcare information systems market in the years to come. In addition, the introduction of the blockchain technology is set to revolutionize the healthcare information systems market in the coming years.

Competitive Dashboard:

The healthcare systems market research players of the assessed in the report are Agfa-Gevaert N.V., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Carestream Health, GE Healthcare, Cerner Corporation, Philips Healthcare, McKesson Corporation, NextGen Healthcare, Medidata Solutions Inc., and Siemens Healthineers.

Market Segmentation:

The type-based segments of the healthcare information systems market outlook are hospital information systems, laboratory information systems, pharmacy information systems, medical imaging information system, and revenue cycle management. The sub-segments of the hospital information systems segment are population health management, electronic health record, real-time healthcare, electronic medical record, patient engagement solutions, and others. The sub-segments of the pharmacy information systems segment are prescription management, inventory management, automated dispensing systems, and others. The sub-segmentation of the medical imaging information system covers monitoring analysis software, picture archiving & communication systems, radiology information systems, and others.

On the basis of component, the segments of the healthcare information systems market are software and hardware.

The deployment-based segments of the healthcare information systems market are on premise, web-based, and cloud-based.

The end-user segments of the healthcare information systems market identified are academic and research institution, hospitals, diagnostics center, and others.

Regional Analysis:

This report presents a detailed geographical analysis of the healthcare information systems market based on regions and further segmented into countries. The regional segments profiled for the study are – Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Americas held the forefront position and is supposed to retain it. Increasing demand for quality diagnostics is one of the primary drivers of the healthcare information systems market in the region. In addition, the support extended by the governments is also supposed to drive market growth.

Asia Pacific is expected to observe a high rate of growth. It is due to the developments in the healthcare IT industry. Also, the rising demand for technological innovations in the industry is prognosticated to drive the growth of the healthcare information systems market in APAC. The MEA is supposed to hold the least share. However, the region resonates strong growth potential.

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Patient Engagement Solutions Market Research Size, Strategies & Key Players Review

Market Overview:

The financing in the healthcare information technology (IT) sector has increased steadily, and this is estimated to motivate the Patient Engagement Solutions Market 2022. The healthcare reports are made by Market Research Future, which includes market options for expansion.

The paramount need to ensuring patient approval is projected to create an optimistic scope for the Patient Engagement Solutions Market Share in the forecast period 2023-2032. The chronic diseases are surging at an alarming rate, and this is estimated to create an accelerated application potential for the patient engagement software solutions market.

Patient Engagement Solutions Market Research and Report Analysis By Component (Hardware, Software, Service), Delivery Mode (Web-based, Cloud-based, On-Premise), Therapeutic Area (Chronic Disease, Fitness Management), Application (Social Management, Health Management, Financial Health Management) and End-User (Hospitals and healthcare providers, Individual users) - Forecast to 2030

Competitive Analysis

The decrease in supply chain bottlenecks is appraised as a primary objective that challengers in the market are assessed to tackle urgently in the forecast period. The prerequisite for sustainability in the market is projected to be formed by renewing the open cash movements. The market is estimated to open up to new and lucrative opportunities for expansion in the forecast period. The contenders for the majority share are predicted to transform the market backdrop considerably in the forecast period. The government bodies of several countries are likely to play a central role in the revitalization of the global market, post the deceleration seen in the aftermath of the pandemic. The end-users in the market are estimated to show variety in terms of the preference in the coming period. The markets are estimated to conduct more of their business dealings online than in brick-and-mortar stores.

Key Players:

The Patient Engagement Solutions Market Players are

• Athenahealth, Inc. (US),
• Cerner Corporation (US),
• IBM (US),
• Welvu (US),
• Aetna Inc. (US),
• Mckesson Corporation (US),
• Medecision, Inc. (US),
• Lincor Solutions (US),
• Orion Health Ltd. (New Zealand),
• Allscripts Healthcare Solutions, Inc. (US),
• Oneview Ltd (Ireland), and
• Get Real Health (US).

Segmental Analysis

The segmental appraisal of the Patient Engagement Solutions Market Trends has been conducted based on application, delivery mode, component, therapeutic area, region, and end-user.

• Based on the end-users, the patient engagement software solutions market consists of healthcare payers, individual users, hospitals and healthcare providers, and others.
• Based on component, the patient engagement software solutions market has been segmented into software, hardware, and service.
• Based on the therapeutic area, the patient engagement solutions market is segmented into women’s health management, fitness management, chronic disease, and others.
• The application-based segmentation of the patient engagement solutions market is segmented into health management, home health management, social management, and financial health management.
• On the basis of delivery mode, the patient engagement solution market has been segmented into cloud-based, web-based, and on-premises.
• On the basis of regions, the patient engagement software solutions market has been segmented into the Americas, Asia Pacific, Europe, Africa, and the Middle East.

Detailed Regional Analysis

The regional appraisal of the Patient Engagement Solutions Market Outlook includes regions such as the Americas, Asia Pacific, Europe, Africa, and the Middle East. The Americas regional market is the largest patient engagement software solutions market. The application of incentives to move the encumbrance of risk from healthcare payers to suppliers and increasing insurance holders are expected to push the growth of the market. The necessity for patient engagement solutions is elevated in the European region owing to the growing number of healthcare centers in the region and intensifying implementation of novel technologies in the healthcare industry. The Asia Pacific regional market has the world’s largest population and, as a result, a fast-developing healthcare sector. Despite the evolving healthcare infrastructure, patient engagement solutions are exploited at every level of healthcare in numerous medical techniques, which is estimated to be accountable for the intensifying demand for patient engagement solutions in the region.

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Precision Medicine Market Trends, & Share Analysis by 2032

 

Overview:

The global precision medicine market share is witnessing unprecedented growth due to people turning their focus more on personal healthcare. It could attain an astonishing CAGR of 12.5% during the forecast period (2023-2032). Precision medicine evolved from the concept that same medicine cannot function equally for two different individuals with the same disease as they have different gene structure. At the same time, medication depends on how well patients can respond to its dosage. Hence, the need for precision medicine. Market Research Future (MRFR), in their report, has included various drivers and segments that can produce a reliable prediction for the future market. Prevalent diseases such as cancer, diabetes, and others are boosting the precision medicine market as treatment of such diseases gets a better result with personalized medicine structure. Furthermore, its impact can significantly lower the cost of treatment.

However, a personal data breach can be seen as a major precision medicine market growth prohibition. The diagnostic cost can incur a high cost, stringent government policies, the risk with hardware and software failure, and lack of medical framework can hold back the market during the forecast period.

Market Insights:

Mergers, acquisitions, collaborations and other strategies dominate the market substantially when it comes to strategic decisions. For instance, Roche purchased Foundation Machine to better their portfolio. On the other hand, New Medicine Partners is trying to increase their market reach by proposing a plan based on personalized medicines to Kazakhstan officials to develop a plant there. 

Global precision medicine market research players include Abbott Laboratories (USA), Ab-Biotics SA (USA), Almac Group Ltd. (UK), Asuragen Inc (USA), Biobase GmbH (Germany), Biomérieux SA (France), Caris Life Sciences (USA), Cepheid Inc. (USA), Cetics Healthcare Technologies Gmbh (Germany), GE Healthcare (USA), GlaxoSmithKline PLC (UK), Healthcore Inc. (USA), IBM (USA), Innventis (Israel), Intel Corporation (USA), Johnson & Johnson (USA), Laboratory Corporation Of America Holdings (USA), Medtronic (USA), Molecular Health GmbH (Germany), Novartis (Switzerland), Pfizer Inc. (USA), Qiagen (Germany), Quest Diagnostics Inc (USA), Randox Laboratories Ltd. (UK), Sanofi Pharma (France), Takeda Pharmaceutical Company Limited (Japan), Teva Pharmaceutical Industries Ltd. (Israel), and others.

Industry Trends:

Precision medicine is showing great promise for the cure of the Alzheimer’s disease. Two new drugs are waiting on the sideline for final approval; one called BAN2401 and the other Anavex 2-73. BAN2401’s use on patients shows a reduction in generation of proteins called amyloid plaques that cause memory loss.    

Recently, an article published in SLAS Technology (Society for Laboratory Automation and Screening) revealed that artificial intelligence (AI) is all set to impact precision medicine industry significantly as it can efficiently analyze small datasets and assist in the optimal design of drug combinations.

Segmentation:

The global precision medicine market trends can be segmented by ecosystem, sub-market, and therapeutics.

Based on the ecosystem, the precision medicine market outlook can be segmented into clinical laboratories, diagnostic tool companies, healthcare IT/ big data companies, and pharma & biotech companies. Diagnostic tools segment has the largest market volume.

Sub-market segment of the precision medicine can be segmented by biomarker-based test, companion diagnostics, molecular diagnostics, pharmacogenomics, targeted therapeutics, and others. Company diagnostics is leading the segment.

Therapeutics-based segmentation of the precision medicine market includes cancer/oncology, cardiovascular disease, central nervous system, infectious diseases, and others.

Regional Analysis:

Region-specific analysis of the precision medicine market encompasses North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

North America is the largest market for global precision medicine. The region has superior infrastructure, both in healthcare and biotechnology. It sets up the zone perfectly for research and developments assisting further in new product development.

Europe is the second-largest market for global precision medicine. Various investors are taking an interest in the sector and is helping in the development of new drugs. However, the developing regions market particularly, the APAC will be the fastest growing and is likely to be the key to the future. But the MEA region may not find much thrust due to but can expect steady growth.

 

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Prefilled Syringes Market Players, Business Development, Share, Upcoming Trends by 2032

Prefilled Syringes Market Overview 

Market Research Future (MRFR) studied the global prefilled syringes market Size valued at USD 79.5 billion in 2022 and is projected to grow from USD 83.6 Billion in 2023 to USD 1124.59 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period (2023 - 2032). 

The minimal drug wastage achieved through the increased in the utility of prefilled syringes has opened an attractive option for the growing pharmaceutical sector to invest. This is expected to promote the prefilled syringe market in the study period. The benefit of self-administration of medication offered by these syringes has increased its consumer based, thereby contributing to the overall growth of the prefilled syringe market.

The biologics and biosimilars sectors are observed as another major promoters of the prefilled syringe market. Other causes that are expected to propel the prefilled syringe Prefilled Syringes Market Insights are persistence of chronic diseases over a long time that necessitate the regular administration of drugs. Increase in chronic diseases, such as diabetes, is identified to enhance the development of prefilled syringes for parenteral drug delivery is the preferred route of administration for insulin. Ease of use and dosing errors elimination benefits offered prefilled syringe, along with the causes can favor the market. Greater dose precision, simplicity in design, and suitability for home use are other advantages of prefilled syringe that is expected to promote the market during the analysis period.

The utility of prefilled syringes for different therapeutics applications, other than conventional uses, such as vaccine dispensing, has also triggered the demand for the market. The rapid development of the medical industry over the past few years is also likely to contribute significantly to the rise of the market. In addition, the increase in demand for convenient drug delivery methods has paved way for the development of the market. This is due to the pharmaceutical industry pursues modern and more effective methods for introduction solutions for convenient administration of unit dose medication.

Prefilled syringes are disposable syringes that are already loaded with liquid medicine. They are used for many therapeutic biologic formulations, especially for expensive drugs or low volumes. They have benefits such as saving time, reducing nursing costs, ensuring accuracy, and preventing contamination.

Prefilled syringes have four key components: a plunger, stopper, barrel, and a needle. The plunger and stopper must fit tightly inside of the barrel but should glide through it when pressure is applied. The syringes can be made of glass or an advanced polymer.

Competitive Analysis

Medtronic, Terumo Corporation, OMPI (A Stevanato Group Company¸ Vetter Pharma International GmbH, Abbott¸ Gerresheimer AG, Nipro Corporation, Baxter, Schott AG, West Pharmaceutical, Becton, Dickinson and Company, and Weigao Group, among others are some top-notch companies that are operating in the prefilled syringes market players as listed by MRFR.

Market Segmentation

The segment assessment of the prefilled syringes market Outlook is based out type, end users, material, and design.

The type-based segments of the prefilled syringes market Trends are conventional prefilled syringes and safety prefilled syringes. The conventional prefilled syringes segment is expected to hold the largest share of market by 2024. 

The material-based segments of the prefilled syringe market are glass prefilled syringes and plastic prefilled syringes. The plastic syringes segment is expected to garner substantial revenue for the market. The expansion of the plastic syringe segment can be attributed to their increasing utility the pharmaceutical packaging. The glass prefilled syringes segment studies oil siliconized syringes and baked on silicone.

The design-based segments of the market are customized prefilled syringes, dual-chamber prefilled syringes, and single-chamber prefilled syringes. The Dual-chamber prefilled syringes segment can expand at 10.31% CAGR in the forecast tenure. The single-chamber prefilled syringes segment is likely to secure about 56% share for the overall prefilled syringe market by 2024.

The end-user-based segments of market are hospitals & clinics, and ambulatory surgical units among others. The hospitals segment is likely to grow with the rapid CAGR in the study period as the number of private and public hospitals are increasing.

Regional Analysis

In Europe, the prefilled syringe market can hold a decent share of the global market. Expansion of geriatric population, growing demand for better quality healthcare services and solutions, ongoing trend of home-based treatment, and hike in healthcare expenditure are causes that are likely to boost EU market. Similar causes are also observed as growth inducers in the Americas region. The Americas is likely to hold the second-largest market portion, following the Asia Pacific region. APAC prefilled syringe market can rise at 10.78% expansion rate in the forecast period. Moreover, factors such as, rapid adoption of plastic devices and modern healthcare developments are, expected to benefit the market in the review period. In the Middle East Asia, the surge in number of public hospitals and private clinics can promote the regional prefilled syringe market. market.

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