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Pharmacovigilance Market Growth Analysis, Outlook by – Trends, Opportunities and Forecast 2032
It is anticipated that the pharmacovigilance market will grow, from US$ 6.28 billion in 2022 to US$ 24.32 billion in 2032. Over the course of the anticipated period, the market is anticipated to grow at a CAGR of 13.1%, according to FMI.
ESOMAR-certified company Future Market Insights (FMI) has published a report on the global pharmacovigilance market for the forecast period 2021–2031. According to the report, the market is poised to reach new heights, as pharmaceutical companies scramble to introduce new drug candidates for multiple ailments, which will result in an increase in clinical trials.
As per FMI’s analysis, the market is expected to register double-digit growth, experiencing an impressive CAGR throughout the forecast period. Historically, the market posted credible gains, surpassing US$ 6 billion in 2020, expanding at a CAGR of over 14%. Growth prospects were further heightened during the COVID-19 pandemic, as the scramble for new treatment approaches is prompting pharmaceutical companies to initiate clinical trials for the same.
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Prominent pharmaceutical companies are forging long-term partnerships and service agreements with contract research organizations and business processing outsourcing units to enhance existing pharmacovigilance operations by virtue of cost reduction from drug delivery to post-marketing approvals. In April 2021, Thermo Fisher Scientific Inc. announced its plans to acquire Pharmaceutical Product Development (PPD) Inc. for a purchase price of US$ 17.4 billion, which will help enhance the latter’s pharmacovigilance portfolio expansion.
Key Takeaways from FMI’s Pharmacovigilance Market Study
By phase of drug development, stage IV clinical trials pharmacovigilance solutions account for over 3 out of 4 applications
Based on method type, targeted spontaneous reporting to make maximum use of pharmacovigilance solutions
By service provider type, contract outsourcing to generate almost two out of five pharmacovigilance solutions uptake
US experiencing robust pharmacovigilance solutions providers presence amid prevalence of good PV practices
Forthcoming clinical trials for numerous drug candidates through 2021 to widen UK’s growth prospects
India to emerge as an emerging pharmacovigilance hub amid growing trends of medical operations outsourcing
China to experience growth on the back of recent amendments to render pharmacovigilance implementation stronger
“Rising prevalence of chronic and infectious ailments is prompting multiple pharmaceutical giants to initiate widespread clinical trials for potential drug molecules, generating a highly competitive environment and generating major revenue pools,” says the FMI analyst.
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Competitive Landscape
Prominent pharmacovigilance solutions providers are relying on collaborating with prominent biopharmaceutical and pharmaceutical companies to offer their digital solutions to facilitate effective patient care solutions. Also, offering advanced solutions is another prominent strategy. Some prominent faces include F. Hoffmann- La Roche, GlaxoSmithKline Plc., Covance Inc., ICON Plc. and iGATE Corporation among others.
Covance Inc. is a prominent pharmacovigilance solutions providing, offering end-to-end PV services spanning clinical and post-marketing phases from medical contract centers to ICSRs to medical reviews to electronic regulatory submissions. The system helps track weekly, daily and monthly metrics for quality, productivity and efficiency.
In April 2020, ICON Plc. initiated efforts to enhance pharmacovigilance practices, considering the onset of COVID-19. A webinar conducted on this issue by the company called for key pharmaceutical companies to automate their workflows by installing proactive and dedicated intelligence processes, forging detailed business and continuity plans and a virtually globally distributed footprint.
More Insights on the Global Pharmacovigilance MarketIn its latest report, FMI offers an unbiased analysis of the global pharmacovigilance market, providing historical data for the period of 2016–2020 and forecast statistics for the period of 2021–2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of phase of drug development (preclinical studies, phase I, phase II, phase III and phase IV), type of methods (spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining), service type provider (in-house pharmacovigilance and contract outsourcing) and region (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa).
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Wearable Medical Devices Market Industry Analysis Report, Country Outlook, Application Potential, Forecast 2022 - 2032
An annual growth rate of 18.3% is predicted for the Europe Wearable Medical Devices Market during the next few years. The increase can be attributed to the rising concern for a healthy lifestyle. Owing to consumers’ evolving preferences, technically advanced healthcare devices are flourishing.
As high-end medical devices make their way into the European market, experts predict the wearable medical devices market is expected to see development. Germany’s rise to prominence as a center for the healthcare industry can be attributed to the country’s growing demand for advanced medical devices. Faced with the COVID-19 pandemic, the United Kingdom, France, Germany, and Italy are likely to turn to online resources for information and support.
The wearable medical devices market in Europe is growing at a rapid pace due to the presence of medical technology pioneers found in Nordic countries such as Finland, Sweden, and Iceland. For instance, Suunto, established in Finland, is a major participant in the heart rate monitor segment.
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Some companies are also working on mobile apps for wearable devices, and these may use cutting-edge technologies like artificial intelligence, cloud computing, and others. These apps have many uses, including allowing users to communicate with other devices, such as smartphones, laptops, and PCs, through Bluetooth and Wi-Fi, allowing for personalized settings and thorough performance monitoring. Key manufacturers may get inspired by these reasons, broadening their product lines to include AI-powered platforms. This is changing the wearable medical devices market outlook.
Key Takeaways
Younger generations are more likely to try out and maybe buy new wearable devices due to the widespread availability and use of social media platforms and mobile devices.
The development of cutting-edge technology has allowed for the introduction of artificial intelligence-driven mobile applications in this area.
The availability of advanced medical devices that enable medical care outside of the hospitals boosts the wearable medical device market
Competitive Landscape
Medtronic plc
Siemens AG
Fitbit Inc.
Bayer AG
Panasonic Corporation
Animas Corporation — Johnson and Johnson
Smiths Medical — A Smiths Group Company
Koninklijke Philips N.V.
Owlet Baby Care
OMRON Corporation
Hoffmann-La Roche Ltd and Rest Devices Inc.
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Atopic Dermatitis Treatment Market By Product, By Technology, By Application, By Region, And Segment Forecast 2022 - 2029
The market for treating atopic dermatitis was estimated to be worth US$ 5.2 billion in 2021 and is projected to increase to US$ 7.6 billion by 2029.
The global atopic dermatitis treatment market was valued ~ US$ 5.2 Bn in 2021, and is expected to increase at a CAGR of ~4.8% during the forecast period of 2022 and 2029.
A new market research report by Future Market Insights on the atopic dermatitis treatment market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the atopic dermatitis treatment market and provides critical insights for the forecast period of 2022–2029. As per the findings of the report, the global atopic dermatitis treatment market is projected to experience significant growth over the forecast period, due to increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.
Corticosteroids Remain the Drug of Choice
Corticosteroids are referred as the first choice of treatment for the inflammation and pain relief. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling and redness.
Around 30 corticosteroid compounds have been licensed for atopic dermatitis treatment, of which ‘hydrocortisone’ is considered as the first. In addition, increasing innovations have resulted in the advent of topical non-corticosteroids immunomodulators and target medications, for example, immunomodulators such as pimecrolimus and tacrolimus, which in turn, is likely to fuel the growth of the atopic dermatitis treatment market. Moreover, topical corticosteroids are expected to play an important roles in the atopic dermatitis treatment.
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North America to Offer High Sales Opportunities
Growth prospects of the atopic dermatitis treatment market are likely to be high in North America over the forecast period of 2022–2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to propel the atopic dermatitis treatment market growth. Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.
Hospital Pharmacies — The Key Distribution Channel for Atopic Dermatitis Treatment
Sales of medication for atopic dermatitis treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.
Talk with our analyst and get the complete information of report now@ https://www.futuremarketinsights.com/ask-question/rep-gb-3097
Topical Drug Administration- A Preferred Mode
Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for atopic dermatitis treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.
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Pneumococcal Vaccines Market Drivers and Restraints, Growth Opportunity Assessment and Forecast to 2033
During the forecast period, a CAGR of 4.1% is expected to be achieved on average by the global market for pneumococcal vaccines. The market is currently estimated to be worth US$ 8.9 billion in 2023. By 2033, it’s expected that the market for pneumococcal vaccines will be worth more than US$ 13.3 billion. The analysts at Future Market Insights have calculated a historical market valuation of US$ 8.5 billion for the relevant market during the base year.
As per a study by Future Market Insights (FMI), the global pneumococcal vaccines market is expected to surpass a valuation of US$ 10124.9 million by 2021, expanding at a value-based CAGR of 7.37% during the forecast period 2021 to 2031.
Increasing incidence of pneumococcal diseases such as pneumonia, meningitis, and bacteremia is driving the market growth. According to a report published by Centers of Disease Control and Prevention in 2018, over 150,000 people in the U.S. are required emergency medical assistance due to pneumonia and approximately 3,500 deaths are reported in the country because of bacteremia and meningitis.
Kids under the age of 5 years and adult over 65 years of age a more vulnerable to pneumococcal diseases. Pneumococcal vaccines plays a significant role in safeguarding people and also assist in the treatment of these diseases. Thus, the demand to curb the rising incidence of pneumonia is expected to create lucrative growth opportunities for the market.
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Government and various organization such as UNICEF, the WHO, and others across the globe are taking initiatives to spread the awareness and reduce the burden of pneumococcal diseases. Attributed to this, the public health agencies is expected to remain the dominant the distribution channel segment over the next ten years.
Key Takeaways from FMI’s Pneumococcal Vaccines Market Study
The U.S. is anticipated to dominate the North America market on the back of high prevalence of pneumococcal diseases
The market in the U.K. is likely to grow at a steady pace, owing to the presence of leading market player in the country.
India will emerge as a highly lucrative market favored by the increasing number of government initiatives to curb the prevalence of pneumococcal diseases
Due to large pool of coronavirus and number of medical institutes and hospitals in China, the market in the country is likely to project rapid growth.
Based on product type, pneumococcal conjugate vaccines is estimated to lead the segment, supported by the increasing number of children vaccination programs.
“Several healthcare institutes, research centers, and leading manufacturers are focusing on research and development (R&D) and clinical trials for developing novel pneumococcal drugs to address the demand for vaccines for multiple serotypes. Their efforts are estimated to bode well for the market, spurring the sales,” says the FMI analy
Competitive Landscape
Leading players operating in the pneumococcal vaccines landscape are increasingly investing in research and development and conducting clinical trial for developing novel pneumococcal drugs. Besides this, some of the market players are focusing on receiving approvals from regulatory bodies to launch the products. For instance,
In January 2021, Pfizer Inc,, one of the leading pharmaceutical company, announced receiving an approval from the U.S. Food and Drug Administration (FDA) for its new drug named, PREVNAR 20. It is a pneumococcal conjugate vaccines for prevention of invasive disease and pneumonia caused by 20 pnemococcus stereotypes in adults aged 18 years or older.
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Dialysis Equipment Market In-depth Analysis by Trends, Dynamics, Drivers, Challenges and Growth Factors by 2033
From 2023 to 2033, sales of dialysis equipment are anticipated to increase at a CAGR of 4.8%. According to FMI, the size of the global Dialysis Equipment Market could exceed US$ 18.73 billion in 2023 and reach US$ 29.93 billion by 2033.
End-stage renal diseases (ESRD) are quite common in the elderly population, and many people in this age range need monthly dialysis therapy. Nowadays, kidney disease is acknowledged as an endemic issue that affects more than 850 million people worldwide.
Acute kidney damage risk is increased by the prevalence of chronic conditions like diabetes and hypertension. One of the main causes of the rising prevalence of renal disorders worldwide is a sedentary lifestyle.
Injuries and disorders that produce sepsis or systemic inflammatory response syndrome are causative factors. Both intermittent hemodialysis (IHD) and continuous renal replacement therapy (CRRT) are options for patients with acute kidney damage. Acute kidney damage dialysis treatments are generally used to remove extra water and waste.
Miniaturization and advances in nanotechnology enable the quick development of portable medical equipment, such as wearable dialysis units. Many portable dialysis devices, for instance, are now undergoing clinical testing in the United States and are expected to become commercially available in the upcoming years.
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Several improvements to peritoneal dialysis (PD) have been achieved throughout time. Advancements have been made in enriching fluid quality in PD. These advancements have contributed to enhancing fluid quality, increasing the reliability of catheters and connections, and improving understanding of the peritoneal membrane in PD.
Leading industry participants are always attempting to create a mobile dialysis unit that is simple to operate at home. Portable dialysis units are mainly intended for home use and given their widespread availability and use. They could help to lessen the burden of end-stage renal diseases worldwide.
The widespread adoption of innovative technologies in the renal dialysis sector is one of the elements boosting North America’s dominance in the dialysis equipment market. Also, there is a surge in public healthcare spending and huge awareness campaigns regarding the accessibility of cutting-edge therapies.
Increases in the number of diabetes patients across the region and the prevalence of chronic renal disease all helped to fuel market expansion.
Key Takeaways
From 2023 to 2033, the dialysis equipment market in the United States is projected to expand at a 3.6% CAGR.
By 2033, the dialysis equipment market in the United Kingdom is estimated to reach US$ 1.89 billion, expanding at a CAGR of 3.3%.
China is predicted to grow substantially in the dialysis equipment market, registering a CAGR of 6.6% during the forecast period.
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Muscle Stimulation Devices Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2028
In 2022, sales of muscle stimulation devices are expected to reach US$ 694.7 Mn. The performance of the global muscle stimulation devices market is expected to witness immensely impactful developments, with potential improvements in the recovery of stroke through nerve stimulation. With rising rate of AIS (acute ischemic stroke), the focus has been shifted to improving the associated stages of stroke care, including prevention, intervention, and rehabilitation. The Ohio State University has been conducting a new clinical trial to shorten the motor skills recovery period in stroke patients, via VNS (vagus nerve stimulation).
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The trial involves the use of a device – Vivistim, which has been developed by MicroTransponder, a Dallas-based company. The device functions by coupling VNS with the muscle movement, during rehabilitation. It is supposed to build up the motor function, learning, and memory, drastically improving the post-stroke outcome thereby. This nerve stimulation therapy, if used in tandem with appropriate interventions, can potentially result in excellent rehabilitation, minimizing the impact of complications that may follow the treatment process. If Vivistim delivers positive results and enables stroke patients to regain their motor function early, the market participants may witness multiple doors of opportunities in the rehabilitative treatment area.
Key Companies to Focus on Strong Distribution Channel Development & Suppliers to Strengthen Presence in Emerging Markets
New and innovative product launches such as wireless devices are being considered by manufacturers as the key to achieve enhanced device capabilities, which is presumed to trigger sales in long term. To expand market shares and improve distribution network through the next decade, several players are prioritizing strategic partnerships, i.e. distribution agreements for their product offerings. Enhanced distribution will also help the stakeholders penetrate various untapped regional markets.
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Key players in the global muscle stimulation devices market are focusing on development of new pain management methods and techniques. Adoption of innovative marketing strategy by muscle stimulation device manufacturers is attributed to their gradually increasing market value share. Increased focus on strengthening of distribution channel will reportedly be the key for market expansion in emerging economies. On the flipside, suppliers are likely to consider patient needs as a top priority, while ensuring the supply of high-quality products to end users. Stakeholders are strengthening product portfolio by launching new products with improved features, and through strategic mergers and acquisitions. Moreover, a growing number of local players in the muscle stimulation devices market is expected to result in creating a fragmented market, since the market is already led by smaller-sized firms catering to domestic customer demands.
Muscle Stimulation Devices to Face Passive Growth
Despite immense scope for innovation in product development and applications, the global market for muscle stimulation devices is projected to observe sluggish growth over the next decade. As prompted by a recent research study by Future Market Insights, the global muscle stimulation devices market will expand at a CAGR of 3.9% during 2018-2028, attaining a value of over US$ 870 Mn by 2028 end. High price point will remain a longstanding factor limiting widespread adoption of muscle stimulators. Stringent regulatory norms regarding the launch and use of muscle stimulation devices is also anticipated to hinder market growth in upcoming decade.
By value, North America and Western Europe are expected to represent the dominant markets for muscle stimulation devices, whereas developing economies such as APEJ, Latin America, and Eastern Europe will reportedly exhibit relatively promising performance over the projection period.
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Orthopedic Trauma Devices Market 2023 Key Players, Products Type, Application Types and Production Information Analysis and Forecast 2033
The market for orthopaedic trauma devices is anticipated to increase in value from US$10.7 billion in 2023 to US$21.2 billion or more by 2033. From 2023 to 2033, the orthopaedic trauma device market is projected to grow at a CAGR of 7.1%.
Primarily driven by increasing instances of fractures due to road accidents and sports related injuries, the global market for orthopedic trauma devices is anticipated to expand at a promising CAGR of 6.8% over the next decade. By the end of 2028, the orthopedic trauma devices market is estimated to attain the global revenues beyond US$ 14 Bn. As per the research presented in a recently published report by Future Market Insights, titled “Orthopedic Trauma Devices Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment, 2022 – 2028,” the market will also continue to be driven by impactful presence of some of the local players within respective regional markets.
“While the advent of 3D printing technology is likely to present the market a heap of new growth opportunities in 3D printed orthopedic implants, another significant opportunities lies in the popularly trending reverse shoulder arthroplasty. The rise of digital orthopedics will continue to fuel market growth through to 2028,” states a research analyst at Future Market Insights.
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Key Companies Profiled:
Medtronic, Inc.
Invibio Ltd.
OsteoMed
Weigao Group Co Ltd.
Arthrex, Inc.
Johnson & Johnson Company
CONMED, Tornier, Inc.
Stryker Corporation
Zimmer Holding Inc.
NuVasive
Medartis
Olympus Corporation
Based on the regional analysis, the global orthopedic trauma devices market will continue to witness dominance of North America, which currently accounts for a major portion of the total revenues. With around 48% value share observed in 2021, North America’s orthopedic trauma devices market is estimated to attain a value in excess of US$ 6 Bn by the end of 2028. Western Europe is also identified to be a key market, holding the second largest position in terms of value.
Manufacturers will however discover attractive opportunities in developing economies, including Asia Pacific, Latin America, and Middle East and Africa. Among the emerging regional markets, Asia Pacific excluding China and Japan (APECJ) is likely to emerge at a relatively higher pace, followed by MEA. China is expected to be the most lucrative market owing to the highest estimated CAGR value over 2022-2028. Strong presence of key companies will reportedly uplift the markets in North America and China.
A majority of the key companies operating in the global orthopedic trauma market are opting for strategic mergers and acquisitions, in addition to new product launches. According to the report, most of the revenue is contributed by the tier 1 companies, followed by the tier 3 players. The tier 1 includes DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., and Smith & Nephew Plc., which collectively represent nearly 70% share of the total market revenues. Among these, DePuy and Stryker will continue to remain the top players worldwide over the next decade. Tier 3 accounts for a relatively decent revenue share and includes brands such as Arthrex, Inc., RTISurgical, Medartis, Integra LifeSciences Corporation, Japan MDM, S. H. Pitkar Orthotools Pvt Ltd, Weigao Group Co Ltd, and Invibio Ltd.
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Rare Neurological Disease Treatment Market 2022 End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2032
According to a recent report by Future Market Insights, the market for treating rare neurological diseases will experience phenomenal growth between 2022 and 2032. By the end of 2032, revenues from the treatment of rare neurological disorders are expected to surpass US$ 19.795.14 million.
According to a newly published Future Market Insights report, the global rare neurological disease treatment market will exhibit a splendid expansion throughout the forecast period (2017-2026). Revenues from the market are envisaged to exceed US$ 12,000 Mn by 2026-end.
New Drug Formulations and Initiatives toward Improving Treatment & Care of Patients to Influence Market Growth
Declining blockbuster drugs have led pharmaceutical companies to keenly investigate potential new areas of research & development. Drug manufacturers have been incentivized by the Orphan Drug Act to develop new drug formulations associated with treatment of various rare diseases such as rare neurological diseases, in a bid to introduce new treatment options to the market. Regulatory advantages such as breakthrough designations, longer market exclusivity, and reduced fees & tax incentives have encouraged investments in R&D of drugs related to rare neurological diseases.
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The world is entering into a new era, wherein science has realized the capability of aiding development of treatment & care for patients affected with rare neurological conditions. Several initiatives are being taken for coordinating efforts of pharmaceutical companies and healthcare institutes who share similar aim of improving treatment & care for patients suffering from rare neurological diseases.
For example, Brains for Brain Foundation, European Brain Council, LSD Patient Collaborative, and members of pharma industry are supporting an initiative in Europe which is expected to enhance visibility, awareness and recognition of rare neurological disorders for facilitating their early diagnosis. The initiative also aims to facilitate and promote collaboration and partnership between physicians, patient advocates, decision- & policy-makers, and researchers.
North America to Lead Global Rare Neurological Disease Treatment Market
North America is set to lead the global rare neurological disease treatment market, with an estimated revenue share of over 40% during 2017 to 2026. Economic and technological vigour, coupled with increasing geriatric population in the region, which is highly prone to such brain-related diseases, will influence demand for rare neurological disease treatment in North America.
The market revenue share of Europe and Asia-Pacific excluding Japan will also remain significant. However, combined revenues from the markets in these two regions will continue to be smaller than those amassed from the market in North America. Rare neurological disease treatment market in North America and Europe will record a parallel expansion through 2026, in terms of value.
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Atopic Dermatitis Treatment Market 2022 Report Overview, Company Profiles, Consumption by Region, Value Chain and Sales Analysis to 2029
The market for treating atopic dermatitis was estimated to be worth US$ 5.2 billion in 2021 and is projected to increase to US$ 7.6 billion by 2029.
The global atopic dermatitis treatment market was valued ~ US$ 5.2 Bn in 2021, and is expected to increase at a CAGR of ~4.8% during the forecast period of 2022 and 2029.
A new market research report by Future Market Insights on the atopic dermatitis treatment market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the atopic dermatitis treatment market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global atopic dermatitis treatment market is projected to experience significant growth over the forecast period, due to increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.
Corticosteroids Remain the Drug of Choice
Corticosteroids are referred as the first choice of treatment for the inflammation and pain relief. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling and redness.
Around 30 corticosteroid compounds have been licensed for atopic dermatitis treatment, of which ‘hydrocortisone’ is considered as the first. In addition, increasing innovations have resulted in the advent of topical non-corticosteroids immunomodulators and target medications, for example, immunomodulators such as pimecrolimus and tacrolimus, which in turn, is likely to fuel the growth of the atopic dermatitis treatment market. Moreover, topical corticosteroids are expected to play an important roles in the atopic dermatitis treatment.
Get your hands on our Sample Report to stay up-to-date on the latest developments in the Atopic Dermatitis Treatment industry. Download now! https://www.futuremarketinsights.com/reports/sample/rep-gb-3097
North America to Offer High Sales Opportunities
Growth prospects of the atopic dermatitis treatment market are likely to be high in North America over the forecast period of 2022-2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to propel the atopic dermatitis treatment market growth. Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.
Hospital Pharmacies – The Key Distribution Channel for Atopic Dermatitis Treatment
Sales of medication for atopic dermatitis treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.
Talk with our analyst and get the complete information of report now@ https://www.futuremarketinsights.com/ask-question/rep-gb-3097
Topical Drug Administration- A Preferred Mode
Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for atopic dermatitis treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.
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Varicose Vein Treatment Market Status, Potential Growth, Regional Analysis, Recent Trends and Forecast 2023 to 2033
The global varicose vein treatment market size is predicted to surpass a valuation of US$ 765.2 million in 2023. It is estimated to attain a valuation of US$ 1,477.3 million by 2033. The market is foreseen to thrive at a CAGR of 6.8% from 2023 to 2033.
It’s typical to have varicose veins, especially in elderly people. Varicose veins are becoming more common as individuals age, get obese, have hereditary predispositions, undergo hormonal changes, and work in industries requiring a lot of standing or sitting. Market expansion is fueled by the rise in individuals seeking treatment for varicose veins.
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Significant improvements have been made in the field of treating varicose veins recently. The availability of less invasive techniques, including sclerotherapy, radiofrequency ablation, and endovenous laser treatment, has increased. These methods provide less intrusive substitutes for standard surgical operations, drawing in more patients and growing the market.
The onset and progression of varicose veins may be attributed to modern lifestyles, characterized by extended periods of sitting or standing, a lack of exercise, and poor behaviors. The prevalence of sedentary lifestyles and certain risk factors increases the need for varicose vein therapy.
Global healthcare spending has continuously risen, giving people more access to medical procedures like varicose vein therapy. The availability of healthcare finance alternatives and insurance coverage for varicose vein treatment operations further supports market expansion.
The practice of people traveling to foreign nations for medical care, known as medical tourism, is gaining popularity. Patients travel worldwide to countries that provide high-quality and affordable varicose vein treatment alternatives, which helps the industry grow.
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Key Takeaways from Varicose Vein Treatment Market Report:
The global varicose vein treatment industry size developed at a CAGR of 6.3% from 2018 to 2022.
In 2018, the global market size stood at US$ 528.9 million.
The global market size stood at US$ 716.5 million in 2022.
Endovenous laser systems held a share of nearly 52.47% in 2022.
The hospitals’ segment held the leading market share of around 44.20% in 2022.
The United States dominates the industry with a total market share of 42.1% in 2022.
In 2022, India captured 6.8% of global market shares.
Germany held around a 6.3% share of the global market in 2022.
Recent Developments Observed by FMI:
THERACLION, a cutting-edge company creating a scalable robotic platform for non-invasive echotherapy, announced the release of SONOVEIN HD in May 2022. With this revolutionary device manufactured in Aix-en-Provence, France’s SuperSonic Imagine (recently acquired by Hologic) combines the first and only extracorporeal therapeutic ultrasound solution with cutting-edge imaging capabilities.
I-VASC, an Italian manufacturer of medical devices, secured a Series A investment for EUR 1.8 million in April 2022 to develop its VELEX gadget, which is used to treat varicose veins.
Theraclion’s HIFU treatment solution for varicose veins, SONOVEIN, got the CE Mark in October 2020 in its second iteration.
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Key Players in the Global Market
AngioDynamics Inc.
Medtronic
Syneron Medical Ltd.
Alma Lasers Ltd.
Alna-Medicalsystem GmbH
LSO Medical
WON TECH Co. Ltd.
Intros Medical Laser GmbH
Energist Ltd.
Dornier Medtech GmbH
Theraclion
I-VASC
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Wearable Medical Devices Market Growth Analysis, Outlook by – Trends, Opportunities and Forecast 2022-2032
An annual growth rate of 18.3% is predicted for the Europe Wearable Medical Devices Market during the next few years. The increase can be attributed to the rising concern for a healthy lifestyle. Owing to consumers’ evolving preferences, technically advanced healthcare devices are flourishing.
As high-end medical devices make their way into the European market, experts predict the wearable medical devices market is expected to see development. Germany’s rise to prominence as a center for the healthcare industry can be attributed to the country’s growing demand for advanced medical devices. Faced with the COVID-19 pandemic, the United Kingdom, France, Germany, and Italy are likely to turn to online resources for information and support.
The wearable medical devices market in Europe is growing at a rapid pace due to the presence of medical technology pioneers found in Nordic countries such as Finland, Sweden, and Iceland. For instance, Suunto, established in Finland, is a major participant in the heart rate monitor segment.
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Some companies are also working on mobile apps for wearable devices, and these may use cutting-edge technologies like artificial intelligence, cloud computing, and others. These apps have many uses, including allowing users to communicate with other devices, such as smartphones, laptops, and PCs, through Bluetooth and Wi-Fi, allowing for personalized settings and thorough performance monitoring. Key manufacturers may get inspired by these reasons, broadening their product lines to include AI-powered platforms. This is changing the wearable medical devices market outlook.
Key Takeaways
Younger generations are more likely to try out and maybe buy new wearable devices due to the widespread availability and use of social media platforms and mobile devices.
The development of cutting-edge technology has allowed for the introduction of artificial intelligence-driven mobile applications in this area.
The availability of advanced medical devices that enable medical care outside of the hospitals boosts the wearable medical device market
Competitive Landscape
Medtronic plc
Siemens AG
Fitbit Inc.
Bayer AG
Panasonic Corporation
Animas Corporation – Johnson and Johnson
Smiths Medical – A Smiths Group Company
Koninklijke Philips N.V.
Owlet Baby Care
OMRON Corporation
Hoffmann-La Roche Ltd and Rest Devices Inc.
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Pharmacovigilance Market Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2032
It is anticipated that the pharmacovigilance market will grow, from US$ 6.28 billion in 2022 to US$ 24.32 billion in 2032. Over the course of the anticipated period, the market is anticipated to grow at a CAGR of 13.1%, according to FMI.
ESOMAR-certified company Future Market Insights (FMI) has published a report on the global pharmacovigilance market for the forecast period 2021-2031. According to the report, the market is poised to reach new heights, as pharmaceutical companies scramble to introduce new drug candidates for multiple ailments, which will result in an increase in clinical trials.
As per FMI’s analysis, the market is expected to register double-digit growth, experiencing an impressive CAGR throughout the forecast period. Historically, the market posted credible gains, surpassing US$ 6 billion in 2020, expanding at a CAGR of over 14%. Growth prospects were further heightened during the COVID-19 pandemic, as the scramble for new treatment approaches is prompting pharmaceutical companies to initiate clinical trials for the same.
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Prominent pharmaceutical companies are forging long-term partnerships and service agreements with contract research organizations and business processing outsourcing units to enhance existing pharmacovigilance operations by virtue of cost reduction from drug delivery to post-marketing approvals. In April 2021, Thermo Fisher Scientific Inc. announced its plans to acquire Pharmaceutical Product Development (PPD) Inc. for a purchase price of US$ 17.4 billion, which will help enhance the latter’s pharmacovigilance portfolio expansion.
Key Takeaways from FMI’s Pharmacovigilance Market Study
By phase of drug development, stage IV clinical trials pharmacovigilance solutions account for over 3 out of 4 applications
Based on method type, targeted spontaneous reporting to make maximum use of pharmacovigilance solutions
By service provider type, contract outsourcing to generate almost two out of five pharmacovigilance solutions uptake
US experiencing robust pharmacovigilance solutions providers presence amid prevalence of good PV practices
Forthcoming clinical trials for numerous drug candidates through 2021 to widen UK’s growth prospects
India to emerge as an emerging pharmacovigilance hub amid growing trends of medical operations outsourcing
China to experience growth on the back of recent amendments to render pharmacovigilance implementation stronger
“Rising prevalence of chronic and infectious ailments is prompting multiple pharmaceutical giants to initiate widespread clinical trials for potential drug molecules, generating a highly competitive environment and generating major revenue pools,” says the FMI analyst.
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Competitive Landscape
Prominent pharmacovigilance solutions providers are relying on collaborating with prominent biopharmaceutical and pharmaceutical companies to offer their digital solutions to facilitate effective patient care solutions. Also, offering advanced solutions is another prominent strategy. Some prominent faces include F. Hoffmann- La Roche, GlaxoSmithKline Plc., Covance Inc., ICON Plc. and iGATE Corporation among others.
Covance Inc. is a prominent pharmacovigilance solutions providing, offering end-to-end PV services spanning clinical and post-marketing phases from medical contract centers to ICSRs to medical reviews to electronic regulatory submissions. The system helps track weekly, daily and monthly metrics for quality, productivity and efficiency.
In April 2020, ICON Plc. initiated efforts to enhance pharmacovigilance practices, considering the onset of COVID-19. A webinar conducted on this issue by the company called for key pharmaceutical companies to automate their workflows by installing proactive and dedicated intelligence processes, forging detailed business and continuity plans and a virtually globally distributed footprint.
More Insights on the Global Pharmacovigilance MarketIn its latest report, FMI offers an unbiased analysis of the global pharmacovigilance market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of phase of drug development (preclinical studies, phase I, phase II, phase III and phase IV), type of methods (spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining), service type provider (in-house pharmacovigilance and contract outsourcing) and region (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa).
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USA Compounding Pharmacies Market Research Report – Opportunities & Challenges With Completely Different Segments, Forecast- 2028
According to a recent research by Future Market Insights (FMI), the global compounding pharmacies market is estimated to have accounted around US$ 8 Bn in terms of value during 2022. The report on the U.S. compounding pharmacies market also projects that the market will grow at a CAGR of approximately 5% during the period 2022-2028.
The U.S. compounding pharmacies market revenue is expected to increase at a robust growth rate over the next few years despite the reporting of several adverse events and drug mismanagement-related deaths. The U.S. compounding pharmacies market is expected to gain popularity in several regions of the U.S. due to upcoming products and therapeutic areas that are yet to be tapped by branded manufacturers.
Focus on factors, such as the availability of drugs in innovative medium/forms and the administration of varying dosages for various indications, is expected to drive the adoption of newer dosage forms of compounded medications.
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Market Remains Influenced by Availability of Compounded Pain Management Drugs
The growing popularity of pain management therapies is fuelling the growth of U.S. compounding pharmacies market. Compounded pain management drugs are not FDA-approved, however, they come under the State Pharmacies Board supervision in the U.S.
For example, medical guidelines such as the Chronic Pain Guidelines stated by the Medical Treatment Utilization Schedule (MTUS) do not support the use of compounds such as Gabapentin and Baclofen for pain management. However, compounding pharmacies use these compounds as well as several others in varying strengths to attract customers and increase their revenue.
Moreover, an increase in the shortage of prescription medicine is expected to upsurge the demand for compounding pharmacies. According to the U.S. FDA, only 154 drugs were in short supply or not available in 2007, as compared to 456 in 2012.
Currently, the number of drugs in short supply is around 300. Medicinal drought is prominent in the U.S. as compared to other countries, which is also fuelling the revenue growth of the U.S. compounding pharmacies market.
On the other hand, increasing regulatory pressures are expected to hamper the growth of the U.S. compounding pharmacies market. Compounding pharmacies are engaged in trans-boundary drug compounding, and the manufacturing of bulk drugs & ingredients need to be registered with the FDA, undergo mandatory inspections, and abide by GMP guidelines.
For instance, the FDA has stated that around 70% of registered firms have been inspected, of which 28 firms have been issued FDA Form 483s (non-adherence to cGMP regulations and unsafe compounding practices), and five warning letters, which implies a very high rate of action.
Compounding pharmacies registering with the FDA could serve to increase credibility. However, inspections and compliance with good manufacturing practices is compulsory. Regulatory pressures on compounding pharmacies are expected to force the smaller ones to close their business primarily due to unsafe compounding practices, which are likely to directly impact patient safety.
Hormone Replacement Therapeutic Area to Hold over 38% Revenue Share in Market
By product type, oral medication is the expected to dominate the U.S. compounding pharmacies market in term of revenue, which is then followed by topical medication. The injectable segment by product type of the U.S. compounding pharmacies market is projected to grow at a significant rate as compared to other segments.
The hormone replacement therapy segment is the leading segment in terms of revenue among all the therapeutic area segments of the U.S. compounding pharmacies market, and is estimated to gain a 38.4% revenue share in 2022.
Among the pharmacy type segments, the 503A pharmacy segment is expected to gain a major revenue share as compared to the 503B pharmacy segment over the forecast period. By application, the adults segment is estimated to dominate the U.S. compounding pharmacies market, followed by the paediatrics segment.
The veterinary segment is expected to grow at a faster pace as compared to the other application segments of the U.S. compounding pharmacies market.
The U.S. compounding pharmacies market report tracks some of the key companies operating in the market, which include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Inc., Fagron N.V., Wedgewood Pharma, PharMEDium Services LLC, Doughertys Pharmacy, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, Village Compounding Pharmacy, Triangle Compounding Pharmacy, Olympia Pharmacy, Hoye’s Pharmacy, Vertisis Custom Pharmacy, Smith Caldwell Drug Store, AIS HealthCare, Soleo Health, Millers Pharmacy, Centene Corporation, Infinity Care Solutions, Triumph Pharmacy, and Sixth Avenue Medical Pharmacy.
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General Anesthesia Drugs Market Latest Scenario On Innovation, Revolutionary Opportunities & Top Consumers 2032
The general anaesthesia drugs market is expected to be worth US$ 4.7 billion by the end of 2022, and to grow at a CAGR of 3.4% to be worth US$ 6.7 billion by the end of 2032. According to a recent Future Market Insights study, the Propofol drug class will lead the global market with a share of approximately 25.6% in 2021.
A new study of Future Market Insights (FMI) indicates that the global general anesthesia drugs market is poised for steady growth in the years ahead. Today, the general anesthesia drugs market remains driven by increased proportion of elderly patients and rising volume of surgical procedures; FMI analyst forecasts the market to witness 3.5% CAGR during the period, 2019-2029.
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According to the FMI analyst, worldwide sales of general anesthesia drugs will increase ~3% year-over-year to total ~US$ 4.3 billion in 2019, up from US$ 4.17 billion in 2018. The analyst identifies growth opportunities in the development of new drugs that can overcome shortcomings such as adverse effects, procedural complications and allergic reactions.
As the development of ultra-short acting hypnotic or sedative agent without adverse effects remains an unfulfilled dream, a search for newer drugs and clinical trials of formerly withdrawn drugs to remove the undesirable effects while maintaining their beneficial effects have been underway. Collaborating with research institutes to understand the challenges in designing and developing effective drugs will continue to be a key focus area of manufacturers as well.
Propofol IV Drugs Continue to Witness Significant Adoption
Relatively high adoption of propofol intravenous drugs in large number of surgeries performed globally continues to influence growth strategies, which accounted for ~25% revenue share in 2018.
“While many anesthesiologists prefer the use of propofol for its lipophilic nature and rapid onset of action on the body, water soluble formulations of propofol are being developed to address the disadvantages associated with lipid formulations such as hyperlipidemia, pain on injection, and bacterial growth,” said the FMI analyst.
The FMI analyst predicts the sales of inhalation anesthetics such as sevoflurane to be valued at ~US$ 830 million in 2019, while the sales of desflurane is likely to increase 2.5% in that year. On the one hand, midazolam and remifentanil continue to represent the lowest revenue shares in the market.
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Adoption in Ambulatory Surgical Centers to Ramp up in 2019
General anesthesia drugs worth US$ 1.8 billion were sold in hospitals in 2018, driven by rising number of hospitals along with the emergence of favorable reimbursement policies across the globe.
“A notable increase in ambulatory surgeries and rising utilization of general anesthesia drugs for outpatient procedures have been significantly contributing to the market growth,” said the FMI analyst.
In 2018, general anesthesia drugs sold in ambulatory surgical centers totaled a revenue worth ~US$ 1.4 billion, and is estimated to record 3% high in 2019.
North America, Europe, and East Asia Markets in the Vanguard
North America continues to acquire the leading position in general anesthesia drugs market, accounting for a 30% revenue share in 2018 total, followed by Europe and East Asia.
The FMI analyst anticipates a rising number of complexity of medical interventions requiring induction and maintenance of general anesthesia drugs in several nations in Europe, driven further by an ongoing aging of population. Sales in the region are likely to exhibit a CAGR of 3% during the forecast period.
East Asia (24% share) will continue to greater opportunities for the market players, in the view of rising approvals of drugs along with favorable government initiatives for the development of healthcare infrastructure.
“Although the demand for general anesthesia drugs directly correlates with the advancements in complex surgeries, manufacturers will need to direct their investments towards R&D for safer drugs, considering the uncertain study results relative to the impact of general anesthesia drugs on developing as well as aging brain,” said the FMI analyst.
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Joint Reconstruction Devices Market Growth, Trends, Production & Consumption Analysis With Forecast To 2022 to 2033
The global joint reconstruction devices market is worth US$ 26 Bn as of now and is expected to reach US$ 41.5 Bn by the year 2032 at a CAGR of 4.8% between 2022 and 2032.
Joint reconstruction comes across as a remarkable part of global orthopedic devices vertical. The conditions adversely affecting joints are inclusive of all kinds of arthritis, bone degenerative diseases, osteoporosis, and the other injuries. It needs to be noted that these ailments no longer pertain to aging population. Sedentary lifestyles are responsible for these ailments.
Joint reconstruction encloses a broad spectrum of treatments like physiotherapy, surgeries, and pain management. The very first type of therapy preferred is that of ‘physiotherapy’. Though it caters to primary care, surgical procedures do prove to be permanent course of cure. Minimally invasive surgeries are preferred as they provide benefits like convenience factor for surgeons and patients alike, lesser timespan of hospital stay, and shorter ‘turnaround’ time. Artificial implants dominate the joint reconstruction devices market as they offer simple installation. Arthroscopes enable outpatient surgeries as well. Advanced tools include image magnifiers and pre-operative planning.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Joint Reconstruction Devices Market’ through its dedicated team of analysts and consultants. The bottom-up approach is bound to go a long way regarding the rapport with clientele. Also, micros and macros have been efficiently worked upon.
Key Takeaways from Joint Reconstruction Devices Market
North America holds more than 30% of the market share. This could be credited to the US housing a huge number of industry players.
Europe stands second on the similar grounds and the status quo is expected to remain unchanged even going forward.
The Asia-Pacific is expected to grow at the fastest rate in the joint reconstruction devices market. This could be attributed to FDI being approved by the governments of India and China. Japan is another country leading from the front.
With increase in the number of distribution partners, Mexico and Brazil are expected to dominate joint reconstruction devices market for LATAM.
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Competitive Devices
Smith + Nephew, in February 2022, did announce launching next generation handheld robotics platform called ‘CORI Surgical System’ at the commercial scale. It stands out from its counterparts with respect to compactness. Minimal set-up time along with portability implies that it could be moved from one theater to the other for optimizing patients’ flow via surgical units.
Zimmer Biomet Holdings, Inc., in December 2020, did announce that it had completed acquisition of A&E Medical Corporation and its entire portfolio comprising sternal closure devices. They included cable systems, sternal sutures, and rigid fixation.
DePuy Synthes, in March 2022, did acquire CUPTIMIZE Hip-Spine Analysis – a tool floated with the objective of better understanding and addressing effect of abnormal motion between pelvis and spine in certain patients who need THA (total hip arthroplasty). It improvises on surgical planning capabilities related to VELYS Hip Navigation (a solution from DePuy Synthes’ VELYS Digital Surgery platform for connected technologies).
LimaCorporate, in October 2022, did receive approval from the US FDA for a new-fangled shoulder platform emphasized on glenoid baseplate. Humeral stem is 3D-printed in its entirety. This dental implant system, using patented TT (Trabecular Titanium) technology, does aim to obtain robust primary fixation with successful growth of secondary bone.
Smith + nephew PLC, in September 2022, did launch OR3O dual mobility system for usage in revision and primary arthroplasty in Japan.
“With success with respect to rheumatoid arthritis and osteoarthritis, the global joint reconstruction devices market is bound to grow inadvertently in the near future”, says an analyst from Future Market Insights.
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Research Antibodies Market Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2032
The global market is currently valued at US$ 4.1 billion, and by the end of 2022, it is expected to grow by 7.3% to reach US$ 4.3 billion, according to Future Market Insights’ recently published global research antibodies market analysis report.
According to the latest research by Future Market Insights, the research antibodies market will experience substantial growth during the forecast period 2021-2031. Demand for research antibodies will elevate in the course of the forecast period while experiencing steady growth. Increased demand for research antibodies in diagnostic purpose and determination of serious medical conditions represents lucrative growth for the research antibodies market.AttributesDetailsResearch Antibodies Market CAGR (2022-2032)8.1%Research Antibodies Market Size (2022)US$ 4.4 BnResearch Antibodies Market Size (2032)US$ 9.6 Bn
What is Driving Demand for Research Antibodies?
Research specific antibodies are something where protein is used externally to detect the unwanted molecule into the body. It is basically used to understand what is going wrong in a cell or body. It acts as a biomarker to detect life-threatening diseases.
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Increasing prevalence of chronic diseases and outbreak of infectious disease is expected to drive the growth of research antibodies market across the globe. According to World Health Organization, in 2020, approximately 1.5. Mn individuals were severely affected by an infectious disease like the coronavirus who require medical attention. Moreover, an increasing number of chronic disease patient like cancer, immunological disorders, etc. will also lead to a rise in demand for the research antibodies market.
In addition, tremendous research in the field of chronic disease and its diagnosis mitigation and treatment. This will also lead to significant growth in the research antibodies market.
Increasing Prevalence of Chronic Disease may Grow Research Antibodies Market
Increasing prevalence of the chronic disease is expected to reflect positive growth for the Research Antibodies market. One such disease is cancer which results in severe life threatening condition. The increasing prevalence of cancer mainly is expected to increase the demand for Research Antibodies. According to National Cancer Institute, in 2018 an estimated 16,353,421 people living with cancer of any site in the U.S.
U.S. and Canada Research Antibodies Market Outlook
U.S. and Canada are among the largest market for research antibodies market making North America dominant. The U.S is growing due to high investments for the development of structure-based drug designs model, growing research in the fields of primary and secondary antibodies, and the focus of stakeholders on research projects involving proteins associated antibodies, research on biomolecules, and genes are the key driving factors of the market in U.S and Canada.
Europe Demand Outlook for Research Antibodies
Increasing usage of research antibodies for diagnostic and also in research work and clinical trials is expected to drive the growth of the research antibodies market in these regions. Additionally, the increasing research and development funding and increasing focus of the European governments on the healthcare system also represents steady growth for the research antibodies market.
Moreover, favourable reimbursement policies in many European countries will also boost further growth of the research antibodies market.
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Interventional Cardiology Devices Market Insights, New Innovations, Research and Growth Factor till 2032
The Global Interventional Cardiology Devices Market demand is estimated to increase at an 8.4% CAGR between 2022 and 2032, from US$ 16.4 billion to US$ 36.9 billion.
The growing older population, which is increasing the prevalence of coronary artery disease, as well as the development of new and sophisticated products, are driving market expansion.
Availability of alternative medicines, as well as product failures and recalls, may, however, hinder market growth throughout the forecast period. Furthermore, due to lockdowns and social alienation, hospital visits have dropped, resulting in decreasing sales of interventional cardiology goods.
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In recent quarters, leading companies in the Interventional Cardiology Devices industry, including as Boston Scientific, Medtronic, and Abbott, have experienced revenue decreases. Despite this, the high frequency of heart and circulation illnesses, particularly in the United Kingdom, is predicted to drive up demand for interventional cardiology equipment.
Diabetes and hypertension are also risk factors for interventional cardiology equipment demand, with a rising prevalence of these disorders projected in major markets as the world’s population ages. Because of their huge senior populations and high diabetes incidence, emerging economies such as India, China, and Brazil present considerable prospective opportunities for the business.
Because of the high prevalence of coronary artery disease and increased awareness of early detection, angiography catheters have the biggest market share of all interventional cardiology equipment.
Because of reasons such as rising diabetes prevalence, an ageing population, reimbursement availability, and the presence of significant firms, North America now dominates the industry.
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KEY TAKEAWAYS:
Angioplasty Stents from the marketing attribution software market are expected to grow at the fastest CAGR of 8% through 2032.
North America is expected to develop significantly in the region sector of the marketing attribution software market, with a CAGR of 7.9% through 2032.
The marketing attribution software market in the United States is estimated to reach $12.9 billion by 2032, increasing at an 8.2% CAGR through 2032.
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