Blood Glucose Test Strip Market Overview with Future Growth, Trends & Forecast by 2032

Market Scenario

The blood glucose test strip market is presumed to garner USD 37.51 Billion during the forecast period (2023-2032). The market is presumed to register 7.2 % CAGR owing to the increasing diabetic population, asserts Market Research Future (MRFR). Blood glucose test strip market overview can be referred to as a small non-reusable plastic strip. It is a crucial component of blood glucose meters that helps to monitor and control diabetes.

Competitive Dashboard

The blood glucose test strip market players operating the global market are

·        Apex Biotechnology Corp,

·        Shanghai

·        MicroSense,

·        ALL Medicus,

·        Beijing Yicheng Electronics,

·        Elektronika,

·        Nipro Diagnostics,

·        Bayer Diabetes Care,

·        B. Braun, LifeScan,

·        ACON Laboratories,

·        Jiangsu Yuyue,

·        HMD BioMedical Inc.,

·        TaiDoc,

·        Betachek National Diagnostics,

·        Roche Diagnostics,

·        i-SENS, Universal Biosensors,

·        Abbott,

·        SANNUO,

·        AgaMatrix Inc,

·        and others.

Global Blood Glucose Test Strip Market: Segmental Analysis

The blood glucose test strip market  has been segmented on the basis of technology, distribution channel, and region.

By mode of technology, the global blood glucose test strip market has been segmented into optical, thin film electrochemical, and thick film electrochemical.

By mode of distribution channel, the global blood glucose test strip market has been segmented into retail pharmacy and hospital pharmacy. Among these, the hospital pharmacy is likely to dominate the global market and is anticipated to maintain its dominance over the assessment period. The growth is attributed to the increasing preference for self-care testing among the patients to monitor diabetes.

Regional Insights

Geographically, the global blood glucose test strip market span across regions namely, North America, Europe, Asia Pacific, and the Middle East and Africa.

Among all the regions, North America is presumed to lead the global blood glucose test strip market with $ 7.89 billion revenue. The growth is attributed to the extensive use of information technology coupled with high expenditure on healthcare. Moreover, the presence of major medical device manufacturers and high adoption of latest technologies are considered to stimulate the market during the review period.

Europe is estimated to hold the second position in the global market and is likely to maintain its dominance during the review period. High healthcare expenditure led by France and Germany is anticipated to drive the global market.

The Asia Pacific region is presumed to expand at a rapid pace owing to the presence of major regions such as India and China which are expected to lead the market due to unmet needs. This region is presumed to expand at 12.9 % CAGR owing to the growing number of diabetic population.

Drivers and Constraints Impacting the Market

Blood glucose test strips market report are self-testing strips which let pre-diabetic and diabetic people track their blood glucose level on a regular basis without visiting a diagnostic laboratory or a clinic. With the growing diabetic population, the global market for blood glucose test strip is considered to foster during the assessment period. For instance, as per the International Diabetic Federation, around 415 million people had diabetes in 2015. The number is estimated to reach 642 million by the end of 2040. Moreover, technological advancements such as accuracy of the tests along with awareness among the people regarding diabetes are stimulating market growth.

On the flip side, product recall owing to the inefficiency of devices such as intense competition resulting in pricing pressure and false glucose reading are some of the major factors considered to impede the global blood glucose test strip market in the coming years.

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Cell Culture Media Market Outlook : A Forecast of the Market Share, and Trends

Cell Culture Media Market Overview:

The global cell culture media market share is projected to reach at a 14.21% CAGR during the forecast period 2023-2032. Over that period, it can also scale and surpass a valuation of USD 1290.1 million, reveals Market Research Future (MRFR). Cell culture media market is having a great run in the biotechnological sector owing to its prevalent use in the growth of microorganisms, cell lines, and cells. Available either in liquid or in gel form, the medium contains amino acids, inorganic salts, vitamins, glucose, serum, and other vital nutrients. However, the traction it is getting is mostly from the healthcare sector where it is often used to develop vaccines. The report includes detailed segmental analysis and description of factors that can impact the market the most. The keen interest shown by the biotechnological firms in studying plants and animals to develop drugs can be considered as a major factor. In healthcare, the demand for the customized drug is getting stronger by day which can spark further researches. In addition, it is the interest shown by governments that is influencing the market considerably.

On reverso, the cell culture media market can face certain blows owing to the considerable investment associated with it. The process incurs a massive cost which prevents smaller economies from participating in such researches. However, the growing involvement of India and China is saving the day. These two regions have relatively less workforce and establishment cost, which is making them alluring in the eyes of market titans who are now expanding their business in the region.

Cell Culture Media Market Competitive Analysis:

Cell culture media market players are HiMedia Laboratories (India), Thermo Fisher Scientific (U.S.), BD Biosciences (U.S.), Lonza (Switzerland), Corning Incorporated (U.S.), Merck KGaA (Germany), and GE Healthcare (U.S.).

CN Bio has developed a 3D cell culture system, PhysioMimix that allows researchers to set up assays and obtain results in faster. The process would allow scientists to mimic the structure and function of human organs for experiments.

Cell Culture Media Market Regional Analysis:

Based on regional expansion, the cell culture media market insights includes the Americas, Asia Pacific (APAC), Europe, and the Middle East and Africa (MEA).

The Americas has the biggest market, and this can be attributed to their superlative infrastructure, technological brilliance, and eagerness to integrate the latest developments in practice. The considerable patient pool in the region is also providing traction to the market growth. 

Europe is following the lead with great gusto. Increasing investment from the governments is helping the researchers plan accordingly, and the market is growing in sync with them. At the same time, the APAC region is doing a commendable job.  The market titans are engaging themselves in a battle over the APAC market as the region has a less infrastructural cost which makes it easier for others to settle in and do business. 

Cell Culture Media Market Segmental Analysis:

The cell culture media market outlook, for better comprehension and predictive analysis, can be segmented by type, application, and end-user.

Based on type, the cell culture media market can be segmented into classical media, chemically defined media, protein-free media, lysogeny broth,serum-free media, and custom media. Lysogeny broth rules the market with 22.5% of the global share. Meanwhile, chemically defined media is touted to clock the fastest CAGR of 9.6% during the forecast period.

Based on application, the cell culture media market includes tissue engineering & biochemistry, cancer research, toxicity testing, drug discovery and drug development, genetic engineering, and stem cell research. With 23.8% of the total market share, drug discovery and drug development segment is treading ahead smoothly.

By end-users, the cell culture media market comprises research laboratories, academic institutes, biotechnology & pharmaceutical companies, and pathology labs. Biotechnology & pharmaceutical companies are leading the market at present with a worth of USD 386.5 million in 2016.

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Robot-Assisted Surgical Systems Market Outlook: SWOT Analysis, And Key Industry Developments

Market Overview

It is projected that the global robot-assisted surgical system market share is projected to reach at a CAGR 16.5% During the forecast period 2023-2032. Medical robotics technology is undergoing a tremendous transformation. Advancements in various fronts are being observed, which is providing an impetus to the application potential of healthcare robotics. The arrival of 3D imaging, HD surgical microscopic cameras, robotic catheter control system (CCS), data recorders & data analytics and remote navigation has enabled the undertaking of highly complex surgical produces.

The growing need for high surgical accuracy is driving the adoption of robot-assisted surgical systems. Moreover, an increased number of surgical procedures due factors such as a higher prevalence of trauma injuries, and rising geriatric population. Healthcare robotics boasts a strong R&D pipeline, which indicates towards a brighter future. Companies are actively focusing on devloping innovative products and their fast commercialization. For instanace, the US FDA approved Intuitive Surgical’s the da Vinci SP surgical system, which can be used in critical urologic surgical procedures in May 2018. However, the path is not without hurdles, high cost of such devices market customer pool limited. Product penetration remains sluggish in price-sensitive markets.

Global Robot-Assisted Surgical Systems Market: Segmental Analysis

The segmental analysis of the global robot-assisted surgical systems market outlook has been conducted on the basis of end user, product, and application.

On the basis of end user, the market has been segmented into healthcare payers, healthcare providers and others. Based on product, the market has been segmented into rehabilitation robots, hospital and pharmacy robots, emergency response robotic systems, surgical robots and non-invasive radiosurgery robots. The rehabilitation robots segment covers prosthetics, therapeutic robots, robotic exoskeleton systems, orthotics and assistive robots. The hospital and pharmacy robots segment covers IV robots, cart transportation robots, pharmacy robots and telemedicine robots. The surgical robot segment covers laparoscopy robotic systems, robotic neurosurgical systems, and orthopedic surgical robots. Categories of laparoscopy robotics systems include Da Vinci robotic surgery system, Steerable Robotic Catheters, FreeHand endoscope holder system and Telelap ALF-X surgical system. Categories of robotic neurosurgical systems include NeuroMate surgical system, Renaissance surgical system and Pathfinder surgical system. Categories of orthopedic surgical robots include Robodoc surgical system, iBlock surgical system, MAKO RIO surgical system, Stanmore Sculptor surgical system and Navio PFS surgical system. On the basis of application, the market has been segmented into orthopedics robotic systems, special education, laparoscopy and neurology.

Global Robot-Assisted Surgical Systems Market: Competition Analysis

The Robot-Assisted Surgical Systems Market Players are Renishaw Plc, Stryker Corporation (MAKO Surgical Corp.), Accuracy, Health Robotics S.R.L.,Auris Surgical Robotics, Inc. (Hansen Medical Inc.), Medtronic plc, Zimmer Biomet Holdings Inc., Verb Surgical,Titan Medical, Microbot Medical, Varian, Smith & Nephew Plc. (Blue Belt Technologies, Inc.), Transenterix, KUKA AG, Medrobotics, Intuitive Surgical Inc, THINK Surgical Inc., and Mazor Robotics are among the key companies profiled in MRFR’s report.

Global Robot-Assisted Surgical Systems Market: Regional Analysis

The regional analysis of the robot assisted surgical market insights has been conducted across the Middle East and Africa (MEA), Asia Pacific (APAC), Europe, and the Americas. In MEA, the market has been assessed in GCC countries and Africa. In APAC, countries such as China, Japan, India, South Korea, Australia, among others are covered. In the report, the Europe market has been segmented into Western and Eastern Europe. In West Europe, countries such as Germany, France, Italy, Spain, and the UK were under the spotlight. The Americas market has been segmented into Latin America and North America. In North America, the U.S. and Canada are covered.

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Digital Wound Measurement Devices Market Outlook: growth, drivers and forecast report by 2032

Market Overview

The Global Digital Wound Measurement Devices Market Share is expected to reach USD 0.66 Billion by 2032 at 4.3% CAGR during the forecast period 2023-2032.

Market Highlights

Digital wound measuring instruments are used for precise wound measurement and have electronic medical record (EMR) software integration for three-dimensional measurement of a wound. Changing habits, leading to a high prevalence of diabetic wounds and pressure ulcers, and a rise in the geriatric population are the key factors contributing to demand development. In addition, demand development is further boosted by the benefits of automated wound measuring techniques, which provide additional knowledge on the extent and volume of the wound. However, market development is likely to be impeded by the shortcomings of optical wound measuring instruments. Moreover a major unmet demand for wound measuring equipment offers a lucrative prospect for business expansion.

Factors, however, such as the failure of the system to provide additional details on wounds such as moisture or exudation, and the high cost of digital devices are expected to restrict the market growth during the forecast period.

Segmental Analysis

·        On the basis of wound form, product, and end-user, the worldwide automated wound measuring devices market outlook is segmented. The demand for optical wound measurement instruments is sub-segmented into diabetic ulcers, chronic wounds, burns, incisional, and traumatic by wound form. The product group is sub-segmented into measurement instruments for touch wounds and non-contact wound measuring devices.

·        On the basis of end users: The industry is segmented into hospitals, clinics, and outpatient surgery centres.

Regional Overview

Due to the growing prevalence of chronic wounds and technical advances in the healthcare industry, the optical wound measuring instruments market is dominated by North America.

In the worldwide demand for optical wound measurement instruments, Europe is projected to be the second highest. Increasing technical innovation and wound care studies, along with government funding in Europe, are driving demand growth in this area. By June 2019, in the presence of many international wound control communities, the European Wound Management Association will hold its 29th conference in Gothenburg, Sweden, with the shared aim of strengthening the treatment of wound patients.

For the global market of automated wound measuring instruments, Asia-Pacific has been projected to be the fastest growing area. This area's demand is driven by main factors such as increasing geriatric population, rising diabetic patient pool, high chronic wound occurrence, and improving healthcare infrastructure. 60 per cent of the world's diabetic population is in Asia, according to the Asian Diabetes Reduction Campaign. This offers a positive backdrop for the development of the market in Asia.

Owing to the prevalence of rigid government policies and weak economic performance, the Middle East and Africa have the least share of the worldwide demand for remote wound measuring instruments. However, growing awareness of private sector players in this area and increasing investment will fuel market growth in this region. 

Competitive Dashboard

The global digital wound measurement devices market players are

WoundRight Technologies Tissue Analytics,

Parable Health,

ARANZ Medical Limited,

eKare, Inc,

KCI, an Acelity Company,

WoundMatrix, Inc.,

WoundZoom Inc.,

Kent Imaging Inc.,

WoundRight Technologies, LLC,

WoundVision, LLC,

Hitachi Healthcare Americas, and

Smith & Nephew plc.

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Transfer Membrane Market Outlook & Regional Analysis 2030

Market Synopsis

Market Research Future (MRFR) postulates that the global transfer membrane market share is projected to reach USD 0.17 billion by 2030 at a healthy CAGR of 2.1% during the forecast period (2023-2030). Transfer membrane is referred to as the collection of mechanisms which control the passage of small molecules and ions with the help of biological membranes. The surging funding by the public and private organizations in terms of life science research is highly favoring the market growth globally.

Global Transfer Membrane Market: Segmental Analysis

The global transfer membrane market outlook has been segmented on the basis of transfer method, type, application, and end user.

By mode of type, the global transfer membrane market has been segmented into PVDF transfer membranes, nitrocellulose transfer membranes, and nylon transfer membranes. Among these, the PVDF transfer membrane is considered to occupy the largest market share owing to its advantages over nitrocellulose membranes like hydrophobicity and higher durability, rising proteomic research, and growing R&D activities by the biotechnology and pharmaceutical companies.

By mode of transfer method, the global transfer membrane market has been segmented into dry electrotransfer, semi-dry electrotransfer, tank electrotransfer, and others. Among these, the tank electrotransfer is predicted to hold the largest share in the market.

By mode of application, the global transfer membrane market has been segmented into southern blotting, western blotting, protein sequencing & amino acid analysis, northern blotting, and others. Among these, the western blotting segment is anticipated to occupy the largest market share.

By mode of end-users, the global transfer membrane market has been segmented into diagnostic laboratories, pharmaceutical & biotechnology companies, academic and research institutes, and others. Among these, the pharmaceutical and biotechnology companies are estimated to occupy the largest share in the market.

Competitive Dashboard

The global transfer membrane market players are Pall Corporation (Subsidiary of Danaher Corporation), Santa Cruz Biotechnology, Merck KGaA, GVS, Bio-Rad Laboratories, Azure Biosystems, PerkinElmer, Axiva Sichem Biotech, Advansta, Carl Roth, Atto Corporation, Macherey-Nagel, GE Healthcare, Thermo Fisher Scientific, Abcam, and others.

Market Potential and Pitfalls

Transfer membrane market is rapidly stealing the limelight during the forecast period owing to major factors such as augmenting R&D spending by the biotechnological and pharmaceutical companies, augmenting demand for polyvinylidene difluoride membrane, and increasing funding in order to support the clinical researchers. For instance, according to the Office for National Statistics, the gross domestic expenditure on R&D was Euro 33.1 billion in 2016 in the U.K.

The transfer membrane market is expanding at breakneck speed due to the raising funds for life sciences to target chronic diseases across the world. Scientific developments in terms of implementation and introduction of the latest treatment methods are further estimated to contribute to the global market throughout the assessment period. Moreover, the increased funds in R&D of pharmaceutical as well as biotechnological companies are triggering the demand for transfer membrane across the globe.

On the contrary, the dearth of skilled professionals in the healthcare sector and the high availability of alternative methods are some of the top barriers considered to vitiate the market growth throughout the appraisal period. Despite such hiccups, the rising demand for a better remedy in terms of pharmaceutical and biological advancements and a growing number of target diseases are likely to influence the market growth in the long run.

Regional Insights

Geographically, the transfer membrane market insights span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.

Considering the global scenario, the transfer membrane market is dominated by the American region due to the presence of well-established players. With technological advancements in the healthcare sector, surging funding by the government in order to support R&D, and growing demand for transfer methods in this region the market is region is estimated to propel.

The European region is estimated to occupy the second position in the global market and is likely to retain its growth in the long run. The growth is credited to the raising funds in order to support the preclinical researchers.

The Asia Pacific region is estimated to experience the fastest growth rate owing to the expanding proteomics research, the growing prevalence of target diseases in several economies in this region, and a rising scale of life sciences projects funded by the private and government bodies.

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Veterinary POC Diagnostic Market Share, Insights and Forecast to 2030

Veterinary POC Diagnostic Market-Overview

Medical progress has led to advancements in the veterinary healthcare system, such as Point-of-Care (PoC), which permits speedy results in non-laboratory situations. According to an MRFR report, the market will earn USD 1.285 Billion by 2030 and will gain a CAGR of 9.70% during the forecast year 2022- 2030.

Accelerating pandemic illnesses such as swine flu and rabies will further promote the market. Less time spent on testing and outcomes, more precise results, a shift in diagnostic trends, and the adoption of cutting-edge technologies is likely to fuel the veterinary Point-of-Care (PoC) diagnostic market share.

Detailed Regional Analysis 

In the forecast period, the North American market generated outstanding revenue. The growing adoption of pet animals for companionship, coupled with the high animal healthcare expenditure, will boost the North American veterinary POC diagnostic market insights. Advances in veterinary diagnostics and multiple laboratories in the region applying innovative molecular diagnostic techniques will propel market expansion even further. The European market will grow at a 7.8 percent annual rate during the predicted period. The collective need for animal products and an increasing emphasis on biologicals, which aids in the development of various vaccines, are driving the rise of the animal diagnostics business in Europe. Elevated animal food consumption puts strain on animal farms, increasing demand for animal diagnostics to reduce the spread of zoonotic and animal foodborne diseases. The Asia-Pacific region is expected to grow at the quickest rate throughout the forecast period, owing to the rapid development of manufacturing facilities in developing economies such as China and India.

Competitive Analysis

The reliance on online commerce for sales is expected to increase significantly during the forecast period, prompting market stakeholders to invest more in its growth. Due to the return of COVID cases in many locations, the market may exhibit constrained growth. The continuation of occasional lockdowns in numerous regions may cause the market expansion to be hampered if resources such as labor and supply chains are severely impacted. The global market is expected to diversify in operational techniques as innovative models for operation and delivery are implemented. It is projected that the emphasis on accumulating reserves of resources to deal with unexpected crises would impact future market trends. Government assistance is expected to support worldwide market development in the next years. Market developments and research are expected to generate attractive growth opportunities in the next years.

The prominent companies in the veterinary POC diagnostic market player are Idexx Laboratories, Inc. (US), Woodley Equipment Company Ltd. (UK), Zoetis, Inc. (US), Virbac (France), Thermo Fisher Scientific, Inc. (US), Eurolyser Diagnostica GmbH (Austria), Minxray, Inc. (US), AniPoC, Ltd. (UK), Neurologica Corporation (US), Fujifilm Sonosite, Inc. (Japan), Carestream Health, Inc. (US), Diagnostic Imaging Systems, Inc. (US), Esaote spa (Italy), Mindray Medical International Limited (A Part of Excelsior Union Limited) (China), Heska Corporation (US), Randox Laboratories, Ltd. (UK), GE Healthcare (US), QR s.r.l. (Italy), Sedecal (Spain), and Examion GmbH (Germany).

Segmental Analysis

The segmental study of the veterinary POC diagnostic market outlook has been conducted based on the technology, application, product, animal type, and end user. The market based on end users has been segmented into hospitals & clinics and home care. The market has been segmented into companion animals and livestock animals based on the animal type. The veterinary POC diagnostic market has been segmented into consumables and instruments based on the type. The market has been segmented into immunodiagnostics, urinalysis, clinical biochemistry, hematology, and molecular diagnostics based on technology. The market has been segmented into orthopedics & traumatology, virology, clinical pathologyoncology, parasitology, gynecology, cardiology, bacteriology, and neurology based on the application.

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Autoimmune Disease Treatment Market Outlook Overview, Trends,Share and Forecast by 2032

Autoimmune Disease Treatment Market Overview

Market Research Future (MRFR)’s latest assessment reveals that the global autoimmune disease treatment market share is expected to thrive at Steady CAGR during the forecast period. The market signifies massive unmet needs for diagnosis. It is projected to favor the expansion of the global market by bringing advanced, precise and effective drugs and treatments.

Definite causes for the development of autoimmune diseases have not been identified. Thus, the emphasis is on the early diagnosis of the disease. Increasing awareness coupled with large-scale prevalence is likely to aid the proliferation of the Autoimmune Disease Treatment Market in the foreseeable future.

Expenditures for the treatment of these diseases are on the rise and is poised to exhibit a similar trend in the forthcoming years. As per the National Institutes of Health (NIH), the U.S., the healthcare expenditure for autoimmune diseases has reached half of that of the cancer expenditure. Furthermore, the introduction of favorable policies for insurance reimbursements are anticipated to augment the market over the next couple of years. However, factors such as side effects, counterfeit drugs, and expensiveness of the treatment are forecasted to check the expansion of the autoimmune disease treatment market across the review period.

Market Segmentation

By disease type, the global autoimmune disease treatment market has been segmented into localized, and systemic. The localized segment is further sub-segmented into multiple sclerosis, inflammatory bowel disease, diabetes, and other. The systemic segment is sub-segmented into rheumatoid arthritis, psoriasis, lupus, and others.

By diagnosis, the autoimmune disease treatment market outlook has been segmented into ELISA, dot blot, line blot, agglutination, double immune diffusion, western blotting, multiplex immunoassay, and others.

By therapeutic products, the market has been segmented into drugs and therapeutic and monitoring equipment. The drugs segment is further sub-segmented into biologics, immunosuppressant, anti-inflammatory drugs, corticosteroids, and non-steroidal anti-inflammatory drugs.

By distribution channel, the autoimmune disease treatment market is segmented into hospitals & clinics, diagnostic centers, drug stores, pharmacies, and others.

Competitive Dashboard:

Autoimmune Disease Treatment Market Players are Abbott Laboratories, Genentech Inc., Bayer Schering Pharma AG, Amgen Inc., Biogen Idec Inc., Chugai Pharmaceutical Co. Ltd., Danaher, Bio-Rad, Elan Corporation Plc, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc, HYCOR Biomedical, Eli Lilly and Company, Johnson & Johnson Inc., Siemens, Squibb Company, Merck & Co. Inc., and Thermo Fisher Scientific.

Regional Analysis

The autoimmune disease treatment market insights spans across Asia Pacific, Americas, Europe, and the Middle East & Africa. Americas signifies a huge potential for growth owing to increasing patient population. In addition, the increase witnessed in the expenditures associated with medical facilities is prognosticated to favor the expansion of the market over the next couple of years. The region has been estimated to gain control over the largest share of market in the forthcoming years.

The government of Europe has extended firm support in favor of research & development in the healthcare sector. This, in turn, is likely to pave the way for the growth of the in the region. It is expected to place the region on the second spot globally over 2023.

Asia Pacific has unleashed immense opportunities in the market through rapid developments witnessed in the healthcare sector. The population has also created a positive influence on the growth of the market by increasing its healthcare expenditures.

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