Tuesday, November 28, 2023

Medical Carts Market Report Study, Competitive Strategies and Forecast

Market Outlook

The Medical Carts Market Overview is expected to reach USD 11.53 billion by 2032 at 12.8% CAGR during the forecast period 2023-2032.

Rising number of medical emergencies remain one of the primary drivers of the Medical Carts Market Trends. The uptick noticed in musculoskeletal injuries as well as technological advances of medical devices can induce the market volume. The large patient inflow in hospitals and medical centers can also contribute to the market growth. But high cost of medical carts in developing economies may impede the market growth.

The need for medical carts in medical universities and colleges for internships can bode well for the market. Availability of such equipment via ecommerce stores and retail stores is likely to push the market revenue to a higher degree. The implementation of the Health Information Technology (HITECH) Act which require mobile carts to keep up with technological demands is likely to usher in massive demand.

The integration of automated processes in the healthcare industry has paved the way for mobile carts. Rising use of mobile carts which assist nurses in patient care and alleviate the burden in a deadline-driven environment can drive the market. Changes in design and ergonomics are other factors which can disrupt the market in the forthcoming years.

Medical Carts Market Overview and report analysis Trends, Growth and Size Analysis By Product Type (Mobile Computing Carts, Medical Storage Columns), Type (Computer Medical Cart), Material Type (Plastic Type), and End-User (Hospitals & Clinics, Ambulatory Surgical Centers) – Global Forecast Till 2030

Competitive Analysis

Major industry participants in the global Medical Carts Market Players include

Omnicell Inc,

Capsa Healthcare,

Harloff Manufacturing Co.,

ITD GmbH, Advantech Co., Ltd,

Ergotron Inc,

AFC Industries,

The Bergmann Group,

Jaco Inc,

Midmark Corporation,

Chang Gung Medical Technology Co., and

Waterloo Healthcare.

Segmentation Analysis

The global Medical Carts Market Report is segmented by product type, type, material type, and end-user.

·        By product type, it is segmented into medication carts, mobile computing carts, wall-mounted workstations, medical storage columns, and others.

·        By type, it is segmented into anesthesia cart, emergency cart, procedure cart, computer medical cart, and others.

·        By material type, it is segmented into plastic type, metal type, and others. The metal type segment is purported to gain significant revenue for the medical carts market till 2023. Aluminum carts are lighter than most metals with mounting panels for storage of accessories. Steel carts, on the other hand, are economically priced and a trustworthy equipment that has been relied by hospital staff.

·        By end-user, it is segmented into ambulatory surgical centers, hospitals, and others.

Regional Analysis

Asia Pacific (APAC), the Americas, Europe, and the Middle East & Africa (MEA) are regions taken into consideration in the compilation of the global Medical Carts Market Outlook report.

The Americas is projected to be the dominant region till 2023 due to the presence of major medical equipment manufacturers and a well-established healthcare policy. Adoption of medical devices by hospital chains and point-of-care centers in the U.S. and Canada can augur favorably for the global medical carts market.

Europe is expected to assume the second position in the market due to the surge in surgeries and the large vulnerable geriatric population.  The APAC region, on the other hand, can exhibit an agile growth rate due to large healthcare expenditure by governments and increasing focus on patient safety. Lastly, the MEA region has the lowest market share due to low focus on healthcare programs and varying economic growth rates of the countries.

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Epilepsy Market Report Trends, Recent Developments and Technology

Overview:

Epilepsy can be classed as a major neurological disorder where the brain activity becomes abnormal and triggers unusual behavior and sensations. The disorder is discernible in young children and young adults and requires proper attention in time before it can impact the body in an adverse way.

The Epilepsy Market Report is expected to reach USD 1.10 Billion by 2032 at 7.2% CAGR during the forecast period 2023-2032. The regional market is showing ample scope where a high prevalence of the disease can inspire growth in diverse regions.

In addition, the global market would benefit from the presence of countries in the African region where various global bodies are trying to launch initiatives to assist local doctors in curbing the diseases. However, poor economies can detract the growth rate.

Competitive Landscape:

MRFR’s analysis of various companies to get close to factors that can decipher the market growth and assist in the implementation of several market strategies. The recording of these moves can inspire a better understanding of the global scenario. Epilepsy Market Players are

GlaxoSmithKline PLC (U.K.),

LivaNova PLC (U.K.),

Medtronic PLC (Ireland),

Eisai Co. Ltd. (Japan),

Pfizer Inc. (U.S.),

NeuroPace Inc. (U.S.),

UCB SA (Belgium),

Johnson & Johnson Services Inc. (U.S.),

Novartis AG (Switzerland),

GW Pharmaceuticals PLC (U.K.),

Abbott Laboratories (U.S.). 

These companies are set on a path to solidify their own market stance and improve scopes for expansion in the coming days.

Segmentation:

The report on the epilepsy market overview encompasses segments like by condition, diagnosis & treatment, and end-use to facilitate an easy understanding of the market and gauge well how the regional market would shape up in the coming years.

·        By condition, the market report on epilepsy covers epilepsy drug-resistant/intractable epilepsy and others. The former had a market share of 29.5% in 2017. The global market for the segment can provide ample growth opportunities as the requirement for drug-resistant therapies can trigger better growth. The ‘others’ segment has a market growth possibility of 7.83% CAGR during the forecast period.

·        By diagnosis and treatment, the market report on epilepsy includes diagnosis and treatment. The diagnosis segment can be sub-segmented into blood tests, imaging devices, and others. The treatment segment includes neurostimulation devices, anti-epileptic drugs, ketogenic diet, brain surgery, and others. The treatment segment had 66.2% of the global share in 2017. Cost-efficiency can be taken into consideration to understand market growth possibilities.

·        By end-users, the epilepsy market can include clinics, hospitals, diagnostic centers, ambulatory surgical centers, and others. The hospital segment had a market share of 29.3% in 2017.

Regional Analysis:

The global market, upon considering from a region-specific angle, can be segmented into North America, Europe, and the Asia Pacific as major contributors. It also covers Latin America and the Middle East & Africa (MEA) as countries displaying moderate growth but with the potential to improve scenario. The Americas has better market coverage and it had almost 41% of the global market share in 2017. Europe is on a track to display 8.31% CAGR during the forecast period. The regional market has potential to explore opportunities regarding research and development, and it is getting backed by the constant influx of investments. Countries like the UK, France, Germany, and others are contributing much to take the regional market ahead in the coming years.

The Asia Pacific (APAC) market is showing opportunities to score well past a valuation mark of USD 2,046.57 million by 2023. Most of the traction to grow forward would come from India, South Korea, and China where a large population is triggering high ingress of treatments needed for that.

 

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Poultry Vaccines Market Share : A Technology Analysis of the Key Products & Applications

Market Highlights

The Poultry Vaccines Market Share was worth USD 1.8 billion in 2022 and is expected to reach USD 3.32 billion by 2032 at 7.05% CAGR during the forecast period 2023 to 2032.

The high cost associated with poultry vaccines, lack of awareness regarding poultry vaccines, and unaffordability of veterinary services in underdeveloped and developing regions may hamper the growth of the Poultry Vaccines Market Share during the assessment period. For instance, according to the National Institute of Standards and Technology (NIST), in January 2016, more than 35.0% of vaccines lost their potency during the global shipping, as they were stored at temperatures that were either too high or too low.

Key Players

Some of the key Poultry Vaccines Market Players are

Boehringer Ingelheim,

Elanco,

MSD & Co.,

Zoetis Inc,

Ceva Animal Health Inc.,

Phibro Animal Health Corporation,

Virbac,

Hipra,

Venkys,

Biovet, and

Anicon GmbH, and

Others.

Segmentation

The global Poultry Vaccines Market Outlook has been segmented based on diseases, technology, dosage form and region.

·       Based on disease, the market has been classified as infectious bronchitis, avian influenza, marek's disease, newcastle disease, and others. the market, by technology, has been segmented into toxoid vaccines, recombinant vaccines, inactivated vaccines, live attenuated vaccines (lav), and others. based on dosage form, the market has been segmented into duct vaccines, liquid vaccines, and freeze-dried vaccines.

·       Based on technology, live attenuated vaccines segment is expected to hold the largest market share of the poultry vaccines market during the forecast period. Also, recombinant vaccines segment to register the fastest growth in the global poultry vaccines market during the forecast period.

Regional Analysis

The Poultry Vaccines Market Outlook is likely to dominate by Americas during the forecast period owing to the awareness about the prevention of animal-to-human transmission diseases, rising demand for safe animal food supply, and increasing investment in research and development for animal vaccines. Moreover, high expenditure spending and favorable reimbursement policy also fueling the growth of the market during forecast periods. The European market is expected to be the second-largest due to government support for research & development and improved animal husbandry practices. However, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to rising awareness and increase in the number of animal welfare programs. The market in the Middle East & Africa is likely to account for the smallest share of the global poultry vaccines market.

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Hearing Aids Market Share, Leading Players and Demand Forecast Report 2030

Market Insights

A hearing aid refers to an electronic device that amplifies sound so that a person with hearing loss can listen and communicate in day-to-day activities. The three basic elements of a hearing aid are a speaker, a microphone, and an amplifier.

The global hearing aids market share is projected to grow USD 15.32 billion by 2030 and set to attain a CAGR of 8% during the forecast period 2022-2030.

The global hearing solutions is driven by various factors such as increasing incidence of hearing loss, raising awareness about hearing loss treatment, increasing geriatric population, and the launch of new products. However, the truncated penetration of hearing aids and the rise in product recalls are likely to limit the progress of the global hearing aids market.

The global hearing aids market is presently influenced by several market players. The key players are involved in strategic collaborations and product launches to sustain their market positions.

Key Players

The hearing aids market players with their product and services include Audina Hearing Instruments, Inc., GN Store Nord A/S, SeboTek Hearing Systems, LLC, Arphi Electronics Private Limited, Cochlear Ltd, Microson, Starkey, Sonova, Sivantos Pte. Ltd., Demant A/S, WIDEX INDIA PRIVATE LIMITED, Zounds Hearing. Manufacturers are aggressively working on the development of high-tech, customized, and aesthetically appealing hearing aids to make the devices user-friendly. New entrants launching their product portfolios and emerging trend of acquisition and mergers is

Market Segmentation

The global hearing aids market outlook is broadly divided based on the product, product type, technology, hearing loss, and distribution channel.

The global market, based on the product, has been segregated into implants devices, and accessories. The implant segment is the fastest-growing segment.

The global hearing aids market has been bifurcated, on the basis of product type, into wireless and wired. Wireless is the fastest-growing segment due to technological advancements and product launches.

The type segments of the hearing aids market are classified into conductive, sensorineural, and others. The growth of the segment is owing to the high prevalence of hearing loss.

On the basis of technology, the global market is diversified into analog hearing aids and digital hearing aids. The digital hearing aids segment is anticipated to be both, the fastest-growing segment and the largest shareholder owing to its advantages over analog counterparts.

Based on the distribution channel segment, the global market is classified into e-commerce and retail stores and others. The e-commerce segment is anticipated to be the fastest-growing segment due to ease of access to products for customers.

Regional Outlook

Region-wise, Europe dominates the global market owing to sophisticated healthcare infrastructure and increased cases of hearing loss. The growing geriatric population in countries such as France, Germany, and the UK are predicted to spur the market in the region.

The Americas, standing at a second position in the global hearing aids market insights, is expected to show a noteworthy growth and sustain its momentum during the forecast period. The growth is attributed to rising healthcare expenditure.

Asia Pacific region is anticipated to become a rapidly developing market owing to rising numbers of hearing disorders and availability of hearing aids at affordable prices.

Moreover, limited penetration of hearing aids and lack of specialized healthcare facilities in the Middle East and Africa region is anticipated to show moderate growth trends in the region.

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United States of America

Topical Corticosteroids Market Share, Size, Trends, Industry Analysis Report to 2032

Market Highlights

The Topical Corticosteroids Market Share is expected to reach at 6.6% CAGR during the forecast period 2023-2032. Topical steroids are medication and available in various forms such as creams, lotions, and solutions. They are directly applied to the skin to reduce inflammation and irritation.

Taste the market data and market information presented through more than 125 market data tables and figures spread over 110 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “topical corticosteroids market research report–Global forecast till 2032.”

Major Players in the Topical Corticosteroids Market

Some of the key Topical Corticosteroids Market Players are

AstraZeneca plc.,

GlaxoSmithKline plc.,

Merck & Co., Inc.,

Pfizer Inc.,

Sandoz AG (Novartis AG),

Sanofi S.A.,

Actimis Pharmaceuticals,

Valeant Pharmaceuticals,

Almirall,

S.A,

Zylera Pharmaceuticals.

Segmentation

The global topical corticosteroids market outlook is segmented on the basis of type of formulation. it is segmented into ointments, creams, and others.

·        On the basis of type of potency class, it is segmented into ultra-high, high, moderate, and low. The ultra-high is further segmented into clobetasol propionate, and diflorasone diacetate. The high segment is further segmented into amcinonide, betamethasone dipropionate, desoximetasone, fluocinonide, halcinonide, and others. The moderate segment is further segmented into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone valerate, triamcinolone acetonide, and others. And the low segment is further segmented into betamethasone valerate, desonide, fluocinolone acetonide, and others.

·        On the basis of treatment, it is segmented into contact dermatitis, insect stings, psoriasis, eczema, and others.

·        On the basis of end user, the market is segmented into hospitals, dermatology clinics, pharmacies, and others.

Regional Analysis

The global topical corticosteroids market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific is the fastest growing and potential market for the topical corticosteroids due to increasing number of dermatology clinics and rising prevalence of skin related diseases in the developing countries. Furthermore, government support and encouragement to healthcare domain, and favourable government policies for pharmaceuticals companies likely to drive the growth of this market over the review period. 

The Middle East & Africa is expected witness steady growth due to rising demand for primary healthcare services such as new and advanced treatment methods in healthcare domain.

The Americas dominates the global topical pharmaceuticals market. It comprises of two regions namely North America and South America. North America is the largest market owing to rising prevalence of skin diseases in the American counties and increasing geriatric population with skin related diseases. According to the American Academy of Dermatology, ~50% of Americans over age 65 have one or other forms of skin diseases.

In Europe, extensive demand for skin care and topical products to treat skin diseases drives the demand for topical corticosteroids. Moreover, increasing expenditure in healthcare domain and investment in the research & development of new treatment methods for skin related diseases will fuel to the growth of the market. 

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Breast Cancer Market Share accelerating a CAGR during the forecast period

Market Overview:

Global Breast Cancer Market Share is projected to grow a staggering CAGR of 9.2% during 2023 and 2032. Brest cancer is a type of a cancer developed in breast tissue. Formation of lump in a breast, red patches on the skin are some of the common symptoms of the breast cancer. Obesity, lack of physical exercise, overexposure to radiation and drinking alcohol are some of the risk factor for developing breast cancer.

According to WHO, it is the second most common type of cancer in women. Every year 200,000 new cases are diagnosed worldwide and this number is continuously increasing. Prevalence of breast cancer is more common in developed countries compared to developing countries.

The Key Competitors

Global Breast Cancer Market Players are: Pfizer (US), Novartis AG (Switzerland), Oncogenex (US), Apthera Inc. (UK), BioNumerik Pharmaceuticals (US), Oncothyreon Inc. (US), Astellas (Japan), Bipar Sciences (US), Puma Biotechnology (US), Sanofi S.A. (US), Eli Lilly and Company (US), AstraZeneca (UK), F. Hoffmann-La Roche (Switzerland), GlaxoSmithKline (UK), Genentech (US), Teva Pharmaceutical Industries (Israel), Sun Pharmaceutical Industries Ltd (India), Accord Healthcare, Inc. (India), Gilead Sciences, Inc. (US), Bristol-Myers Squibb company (US), Actavis, Inc. (US), Hospira, Inc. (US), and Bayer AG (Germany).

Increasing number of females suffering from breast cancer is the major factor for the growth of market. Beside this adoption of unhealthy lifestyle, increasing female geriatric population, exposure to harmful radiation and increasing governmental initiatives also contributed in the growth of the market. As no absolute treatment is available there is a scope for developing the market across the world. While on other hand high cost of the treatment, adverse effects associated with the therapy and long approval time for the drugs are responsible for restraining the growth of the market.

Availability of more medicines, new screening tools gaining traction in breast cancer treatment.  The biggest change has been the approvals for treatments and available screening tools. Over the last few years, advent breast cancer treatments have hit the market. So the biggest thing that’s emerged in the last year that’s really impacted the treatment is approval of medications called CDK45 Inhibitors. When used in combination with endocrine therapy for patients with hormone-receptor positive breast cancer, the medications have shown improvements in survival - about 10 months. In addition to promising medications, 3-D digital tomosynthesis imaging has gained traction and became available. Mammography allows for a more clear view of the inside of a breast. It’s particularly useful to see through dense breast tissue. A signed bill into law that allows commercial insurance providers to cover breast screening, including 3-D mammography.

Breast Cancer Market – Competitive Analysis

Characterized by the presence of several major players, having international recognition; the global market of Breast Cancer appears to be highly fragmented and competitive. Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.

Breast cancer is the most commonly occurring segment of cancer in women worldwide. The recent reports on cancer confirm the registration of 1.7 million cases of breast cancer. Women populace in the developed countries like U.S, U.K, and Australia are more prone to the breast cancer than in the developing countries. Factors such as lifestyle, age, heredity and also genetic mutations (abnormal changes) are responsible for developing a breast cancer. The high incidence rate worldwide is becoming a major concern and the pharmaceutical companies are increasingly investing in research on breast cancer.

Breast Cancer Market – Segments

The Breast Cancer Market Outlook is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Types: Comprises Invasive Ductal Carcinoma, Invasive Lobular Carcinoma and other.

Segmentation by Treatment        : Comprises Chemotherapy (Antimetabolites, Anthracyclines, Taxanes & Alkylating Agents), Surgery & Radiation Therapy, Targeted Therapy (Tyrosine Kinase Inhibitors &Monoclonal Antibodies), Biologic Therapy, Hormone Therapy (selective estrogen-receptor modulators (SERMs), aromatase inhibitors) and other.

Segmentation by End Users: Comprises Hospital Pharmacies, Private Pharmacies and others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Chemotherapy accounts for the largest share of the market; i.e. 45%.

Breast Cancer Market – Regional Analysis

On regional basis, global breast cancer market is dominated by America. Changing lifestyle and increasing prevalence of breast cancer in America has driven the growth rate of breast cancer. America breast cancer market is followed by Europe. Technological advances, increased life expectancy and healthcare expenditure of people is responsible for the growth of this market in America and Europe. Asia Pacific is expecting a fastest growth for the market.

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Monday, November 27, 2023

Bioprocess Technology Market Outlook, Trends, Size and Forecast To 2032

Overview:

The bioprocess technology market share is expected to reach USD 19.84 Billion by 2032 at 7.1% CAGR during the forecast period 2023-2032.

Bioprocess Technology Market Size is witnessing at present an unprecedented growth due to revolutionary changes effected upon it by technological advancements. The impact is aptly backed by demands generated by the healthcare sector. The global Bioprocess Technology market is expected to witness significant growth during the forecast period (2017-2022), reveals Market Research Future (MRFR) in a detailed analysis of the said market. Bioprocess Technology involves deriving living cells or components and obtains desired results to boost pharmaceuticals or chemical sector. The report incorporates multiple factors that can promote Bioprocess Technology market further such as its growing use in developing new drugs & treatments, food processing, thermal design of biomedical devices, and effective application in pollution control & global warming. An in-depth review of the segments has also been included for a better understanding of the bioprocess technology consultants market in coming years.

However, the regulatory process often delays the approval of new drugs which can increase the production cost by a significant margin. This can put a leash on the expected Bioprocess Technology Market Share, growth during the forecast period.

Bioprocess Technology Market Overview and Information, by Type (flow cytometry, cell culture, cell expansion, cell line development, virus infiltration), by Application (biopharmaceuticals, specialty products and industrial chemicals, environmental management aid), by End Users (hospitals, research Centers, medical institutions)

 

Key Players:

Some of the Bioprocess Technology Market Players profiled in this report are

Merck Millipore (Germany),

Thermo Fisher Scientific, Inc. (U.S.),

Becton,

Dickinson and Company (U.S.),

Danaher Corporation (U.S.),

Lonza Group AG (Switzerland),

Sartorius Stedim Biotech S.A (France),

Corning, Inc. (U.S.),

Bio-Rad Laboratories (U.S.),

Charles River Laboratories (U.S.), and

others.    

Segmentation:

The global Bioprocess Technology Market Outlook can be segmented by type, application, and end-users.

·        Type-based segmentation of the Bioprocess Technology market includes cell culture, cell expansion, flow cytometry, cell line development, and virus infiltration. Cell culture has diverse application in various sectors which gives it much traction, and it has become a necessary part in treating chronic diseases.

·        Application-wise, the Bioprocess Technology market comprises biopharmaceuticals, specialty products, industrial chemicals, and environment management aid. Biopharmaceuticals’ prosperous run is to continue owing to its widespread functioning area as it has impacted common medicines to chronic diseases. Furthermore, petrochemicals can propel the demand for industrial chemicals in coming years.

·        Based on end-users, the Bioprocess Technology market consists hospitals, research labs and centers, medical institutions and others. Research labs and centers to gain the most owing to private and government investments in the field.

Regional Analysis:

Region-specific analysis of the Bioprocess Technology Market Insights Report includes North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

North America’s growth can be attributed to its ability to fetch the maximum revenue in the global market. Infrastructural superiority can be considered as a boon for the regional market. Furthermore, healthcare is receiving much funding which is directly impacting the Bioprocess Technology market by generating demand for pharmaceutical drugs. Governments and private investors are also spending much in search for new Bioprocess Technology-based products. 

Europe is also drawing significant attention from the global market by providing excellent infrastructure for research and development in this sector. However, the APAC is the fastest growing region and is touted to influence the market considerably in coming years. Growing population and revamped healthcare sector can provide the much-needed thrust to the regional market.

Market Insight:

Strategies employed by the bigshots in the sector help in both individual and holistic growth of the Bioprocess Technology market. These strategies include mergers, acquisitions, product launch, and other methods and better the market portfolio of companies. For instance, Charles River Laboratories has recently acquired MPI Research, a non-clinical contract research organization (CRO) that provides testing services to biopharmaceutical and medical device companies across the globe. Their market rival, Thermo Fisher Scientific, Inc. signed an agreement with Roper Technologies to acquire Gatan, which can ensure their market profile upgradation.

Industry News:

·        Novartis and Gilead/Kite have got approval for their respective medicines Kymriah and Yescarta, two cell-therapy biotherapeutic medicine which can significantly trigger monoclonal antibody industry prospect.

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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...