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UV Light Disinfection Systems Market Shares, Strategies and Opportunities 2024

7 min read

UV Light Disinfection Systems: Introduction

·         UV light disinfection systems are non-touch disinfection device used to kill various infectious pathogens present on medical devices, health care equipment, and health care facilities such as operating rooms and patient wards

·         These systems use high intensity ultraviolet light-C (UV-C) lamp. The UV-C light is germicidal in nature i.e., it destroys the DNA of the bacteria, viruses, and fungi and prevents them from multiplying, thereby preventing spread of infections in health care set-ups. These lamps use the wavelength of 100 nm to 280 nm on the electromagnetic spectrum.

·         This method is used as complementary method to improve the disinfection after other disinfection methods have been used for decontamination of the medical devices, equipment, and surfaces.

·         UV light disinfection has several advantages over other methods. These systems sanitize all the surfaces in a room at once, achieve desired levels of disinfection, require least manpower, and prevent the usage of harmful and hazardous chemicals

·         There are two primary types of UV light disinfection systems: mercury UV-bulbs that emit continuous dose of UV-C light and pulsed xenon ultraviolet devices

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UV Light Disinfection Systems Market: Key Drivers

·         The global UV light disinfection systems market is projected to be driven by high prevalence and increase in incidence rates of hospital-acquired infections across the globe

·         According to the Centers for Disease Control and Prevention (CDC), every year, more than 1.7 million hospitalized patients acquire health care-associated infections and around 98,000 patients succumb to it.

·         Rise in burden on health care facilities to reduce the number of health care-associated infections and rise in demand for effective & safety disinfection technologies are the major factors anticipated to boost the growth of the market during the forecast period

·         Moreover, rise in the number of hospitalizations due to various chronic and acute disorders, increase in the geriatric population in developed countries, and surge in number of hospitals & health care institutions across the globe are expected to contribute to growth of the global market during the forecast period

·         However, high cost of UV light disinfection systems is likely to hamper the growth of global UV light disinfection systems market

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Portable Segment to Dominate Global Market

·         In terms of product, the global UV light disinfection systems market can be classified into standalone, portable, wall-mounted, and compact. The portable segment is projected to dominate the global market during the forecast period.

·         Portable UV light systems can be easily transferred from one ward to other wards. Hence, these systems have significant demand in large health care institutions.

·         Comparatively large volume of portable UV light disinfection systems, low cost, and easy availability are factors anticipated to fuel the growth of the segment during the forecast period

Pulsed Xenon to be Attractive Segment

·         Based on light source, the global market can be bifurcated into pulsed xenon and mercury. Pulsed xenon is expected to be a highly attractive segment during the forecast period.

·         Mercury UV systems use low-pressure gas bulbs that emit narrow band of the UV-C spectrum at wavelength of 254 nm. Xenon UV systems use xenon lamps and emit light at variable wavelengths ranging from 200 nm to 320 nm. It emits light in both UV-B and UV-C spectrums.

 

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Automatic Systems to be Highly Lucrative Segment

·         In terms of type, the global market can be categorized into automatic, semiautomatic, and analog. The automatic segment is likely to present significant opportunities for new players planning to enter the market.

Hospitals to be Highly Attractive Segment

·         Based on end-user, the global UV light disinfection systems market can be divided into hospitals & ambulatory surgery centers, clinics, academic & research institutes, and biopharma & medical device industries. The hospitals segment is projected to dominate the global market during the forecast period.

·         Comparatively large number of hospitals, increase in hospitalizations due to various chronic as well as acute medical disorders, and surge in number of new hospitals in emerging countries such as Brazil, Mexico, India, and China are attributed to the segment’s dominance during the forecast period.

Asia Pacific UV Light Disinfection Systems Market to Grow at Rapid Pace

·         In terms of region, the global UV light disinfection systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America is projected to dominate the global market during the forecast period. Well-established health care infrastructure, high health care funding, rise in number of hospitalizations, and large base of UV light disinfection device manufacturers are attributed to the region’s dominance during the forecast period.

·         The Centers for Disease Control and Prevention (CDC) has estimated that by the mid of July 2020, there will be around 1,000 to 15,000 new COVID-19 hospitalizations per day in the U.S.

·         The UV light disinfection systems market in Asia Pacific is expected to expand at the fastest CAGR during the forecast period. Rapid growth of the market in the region is attributed to increase in number of hospitals & ambulatory surgery centers, improving health care infrastructure, and high prevalence of hospital-acquired infections in China and India.

·         High growth rate of the health care industry, easy access to health care facilities, and increase in investments in health care by leading players in Asia Pacific are likely to fuel the growth of the market in Asia Pacific

 

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Counterfeit Drug Detection Device Market to Flourish with an Impressive CAGR by 2024

5 min read

Global Counterfeit Drug Detection Device Market: Snapshot

The global counterfeit drug detection device market is all set to show upward graph of revenues during the forecast period of 2019 to 2027. Key reason supporting this growth is the increased use of counterfeit drug detection device from all across the world. Counterfeit drug detection device is gaining traction owing to its ability to offer superior quality services.

An upcoming research report from TMR on the counterfeit drug detection device market discusses about all vital factors impacting positively or negatively on market growth. This report provides reliable data on volume, shares, potential growth avenues, and key players working in the market for counterfeit drug detection device. Thus, this report is intended to give all important insights of the counterfeit drug detection device market for the forecast period of 2019 to 2027.

The global counterfeit drug detection device market is segmented on the basis of various key factors such as technology, modality, application, and region. Based on technology, the market for counterfeit drug detection device is classified into microfluidic, infrared and near infrared spectroscopy, Raman spectroscopy, rapid chemical testing, RFID technology, and other technologies.

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Global Counterfeit Drug Detection Device Market: Growth Dynamics

The global counterfeit drug detection device market is expanding on the back of plethora of reasons. The world is witnessing shifting focus on on-dosage security rather than packaging security of drugs. This factor is stimulating the growth of the global counterfeit drug detection device market. In recent years, the government bodies of many countries in the world have started implementing stringent regulations related to counterfeit drug detection. As a result, the market for counterfeit drug detection device is witnessing remarkable growth avenues. Apart from this, growing emphasis on superior surveillance in supply chain industry will drive the market growth in the upcoming period.

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Global Counterfeit Drug Detection Device Market: Competitive Analysis

The global counterfeit drug detection device market is moderately fragmented in nature. Key reason behind this situation is presence of numerous well-established players. At the same time, it denotes that the competitive landscape of the market for counterfeit drug detection device is extremely intense. Enterprises are executing diverse strategies to maintain their leading position in the counterfeit drug detection device market.

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One of the key trending strategies in the counterfeit drug detection device market is increased research and development activities. This strategy is helping players to improve the quality of their products. Apart from this, several vendors are focused on regional expansion. All these activities depict that the market for counterfeit drug detection device will grow at rapid speed in the upcoming period.

Global Counterfeit Drug Detection Device Market: Regional Assessment

The global counterfeit drug detection device market is spread across five key regions, namely, North America, Europe, South America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the leading regions of the market for counterfeit drug detection device. The region is expected to continue its dominance in the upcoming years owing to plethora of reasons. Increased use of drug testing services for investigational procedures, growing government initiatives against substance abuse, growing number of toxicological laboratories, and increasing inclination toward drug testing at the workplace are some major factors fueling the growth of the counterfeit drug detection device market in North America.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Single-use Negative Pressure Wound Therapy Devices Market Value Projected to Expand by 2024

6 min read

Single-use Negative Pressure Wound Therapy Device: Introduction

·         Negative pressure wound therapy (NPWT) devices are class II devices (FDA) that consist of drainage tubing, vacuum pump, and wound dressing set, and need electricity to maintain their use

·         Negative pressure wound therapy (NPWT) is indicated for the treatment of wounds. The application of suction promotes wound healing and removes fluids such as bodily fluids, wound exudate, irrigation fluids, or infectious materials.

·         Negative pressure wound therapy can be indicated for use on sub-acute, acute, chronic, dehisce, and traumatic wounds, pressure ulcers, diabetic ulcers, skin grafts, and flaps

·         Single-use negative pressure wound therapy devices include powered pump, battery, and dressing without the canister. These devices are suitable for the treatment of low-to-moderate exuding wounds. The single-use negative pressure wound therapy devices deliver up to 80 mm Hg pressure.

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Key Drivers of Global Single-use Negative Pressure Wound Therapy Device Market

·         Increase in health awareness among individuals and rise in popularity of negative pressure wound therapy for the treatment of chronic and acute wounds are projected to fuel the growth of the global single-use negative pressure wound therapy devices market during the forecast period

·         Surge in the number of people with chronic and acute wounds is anticipated to drive the single-use negative pressure wound therapy devices market from 2020 to 2030

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Ulcers Segment to Account for Major Share of Global Market

·         In terms of application, the global single-use negative pressure wound therapy devices market can be bifurcated into ulcers and burn wounds

·         The ulcers segment is expected to dominate the global single-use negative pressure wound therapy devices market during the forecast period

·         Ulcers such as venous leg ulcers, diabetic foot ulcers, and pressure ulcers are commonly treated with single-use negative pressure wound therapy devices. Increase in incidence and prevalence of ulcer wounds is likely to drive the segment during the forecast period.

 

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Hospitals to be Highly Attractive Segment

·         Based on end-user, the global single-use negative pressure wound therapy devices market can be classified into hospitals, clinics, ambulatory surgical centers, and others

·         The hospitals segment is projected to account for major share of the global single-use negative pressure wound therapy devices market by 2030

·         The segment’s dominance can be attributed to large patient pool with various types of ulcers and burns treated in hospitals

North America to Dominate Global Single-use Negative Pressure Wound Therapy Devices Market

·         In terms of region, the global single-use negative pressure wound therapy devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America is anticipated to dominate the global market during the forecast period. Rise in demand for high quality medical technologies, increase in education & awareness about wound care therapies, and presence of key players in countries such as the U.S. are expected to drive the single-use negative pressure wound therapy devices market in the region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Multiplexed Diagnostics Market to Record an Exponential CAGR by 2024

6 min read

Transparency Market Research (TMR) has published a new report titled, ‘Multiplexed Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global multiplexed diagnostics market was valued at around US$ 8.7 Bn in 2018 and is projected to grow at a CAGR of 17.9% from 2019 to 2027.

Overview

·         Diagnostic assays are tests used to assess target analytes, quantitatively or qualitatively, in biochemical substances, cells of an organism, or an organic sample for disease diagnosis

·         Multiplexed diagnostics screen multiple analytes in a single cycle of assay procedure. Though single plex assays are widely available in the market, they fail to yield results for multiple analytes in a single cycle of assay process, and thus when multiple analytes are needed to be screened, cost and turnaround time of single plex assay is higher as compared to multiplexed assay.

·         Rising demand for advanced diagnostic technology for accurate diagnosis of life-threatening diseases is the major factor to drive the global market.

·         North America dominated the global multiplexed diagnostics market in 2018 and anticipated to dominate during the forecast period.

 

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Significant private and public funding for genomics and personalized medicine to Drive Market

·         Growing demand for automated equipment and multifaceted analytical strategies is the major driver for the growth of global multiplexed diagnostics market.

·         Rising demand for advanced diagnostic technology for accurate diagnosis of life-threatening diseases and Increasing prevalence of cancer and infectious diseases are some of the major factors responsible for the growth of global multiplexed diagnostics market

·         For instance, as per WHO 2010 data, Breast cancer is one of the most common causes of mortality among females, accounting for 25% of total cancer cases and 15% of cancer mortality across the world (WHO, 2010).

·         Moreover significant private and public funding for genomics and personalized medicine is also fuelling the growth of global multiplexed diagnostics market.

Medium Density Multiplexed Assays Segment to Dominate Market

·         Based on technology, the global multiplexed diagnostics market has been segmented into Very High Density Multiplexed Assays, High Density Multiplexed Assays, Medium Density Multiplexed Assays, Low Density Multiplexed Assays, and Next Generation Sequencing

·         Medium Density Multiplexed Assays segment is accounted for major market share in 2018 and is expected to dominate throughout the forecast period owing to increasing use in genetic research.

·         Increasing emerging diseases that need new diagnosis tests and new drug development create demand for high density multiplexed assays

Cardiac Diseases- More Lucrative Application Segment

·         Based on application, the global multiplexed diagnostics market has been divided into Infectious Disease Diagnostic, oncology, autoimmune diseases, cardiac diseases, allergies, and others

·         Oncology segment dominated the global market in 2018 due to Product developments that enable smooth, fast procedure for both the physician and patient, and increase in incidence of diseases associated with breast cancer, colorectal cancer, and prostate cancer

·         Cardiac diseases segment is more promising segment during the forecast period owing to rising prevalence of cardiac diseases and development of important biomarkers for cardiac disease detection

 

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Academic research institutes Segment- Lion Market Share

·         Based on end-user, the global multiplexed diagnostics market has been segmented into academic research institutes, hospitals, diagnostic laboratories, pharmaceutical companies, and clinical research organizations

·         Academic research institutes is accounted for major market share in 2018. Increasing research projects in the field of genetic engineering is the key factor driving the segment.

North America to Dominate Global Market

·         In terms of region, the global multiplexed diagnostics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

·         North America accounted for major share of the global multiplexed diagnostics market in 2018. Increasing use of multiplexed diagnostics in academic and research institutes, large number of people with oncology and infectious diseases, several market players in the U.S., technological advancements, extensive R&D practices, and increasing awareness about the diagnosis and treatment are likely to boost market growth in the U.S.

·         For instance, the University of California San Francisco (UCSF) has seven PCR installations for its academic research

·         The multiplexed diagnostics market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be ascribed to growing aging population, high incidence of various diseases, and increased research activities in the region.

 

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Competitive Landscape

·         The global multiplexed diagnostics market is consolidated as few players hold major market share in global market.

·         Key players include Agilent Technologies, bioMérieux SA, Bio-Rad Laboratories, Inc., Illumina, Inc., F. Hoffmann-La Roche Ltd., Hologic, Inc., Luminex Corporation, Siemens Healthineers, Thermo Fisher Scientific, Inc., Abbott Laboratories, among others

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Alcoholic Hepatitis Therapeutics Market to Witness Exponential Growth by 2024

6 min read

Alcoholic Hepatitis Therapeutics Market: Introduction

According to the report, the global alcoholic hepatitis therapeutics market was valued at US$ 623.6 Mn in 2019 and is projected to expand at a CAGR of 6% from 2020 to 2030. Alcoholic hepatitis is a liver infection caused due to frequent and high consumption of alcohol. Fat that builds up in liver cells can lead to inflammation and scarring of the liver. The infection can be mild or severe. A patient may need a liver transplant if he does not receive treatment or stop consuming alcohol during the early stages. Different types of therapeutics are used in the treatment of alcoholic hepatitis, including corticosteroids, hemorrheologic agents, and anabolic steroids. The growth of the global alcoholic hepatitis therapeutics market can be ascribed to increase in prevalence of the alcoholic liver disease and rise in rate of consumption of alcohol across the globe.

North America dominated the global alcoholic hepatitis therapeutics market in 2019. This trend is anticipated to continue during the forecast period. Highly structured healthcare industry, early new product adoption, high prevalence rate of alcoholic hepatitis, and presence of major players are estimated to drive the alcoholic hepatitis therapeutics market in North America. Asia Pacific is likely to be a highly lucrative region of the global alcoholic hepatitis therapeutics market. It is projected to expand at a fast-paced CAGR during the forecast period.

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Increase in Prevalence of Alcoholic Liver Disease and Rise in Alcohol Consumption Rate to Drive Global Market

Increase in the number of patients afflicted with the alcoholic liver disease across the globe is a key factor driving the global alcoholic hepatitis therapeutics market. Around 88,000 people succumb to alcohol-related diseases annually, making alcohol the fourth leading preventable cause of death in the U.S. Rise in the rate of consumption of alcohol across the globe, especially in developed countries such as the U.S., is expected to boost the market in the near future. The use of alcohol varies throughout the world; the U.S. and Europe record the highest usage of alcohol. Around 67.3% of the population in the U.S. consumes alcohol in the U.S; of this, 7.4% meets the criteria for alcohol abuse.

Strong product pipeline is also anticipated to propel the global alcoholic hepatitis therapeutics market during the forecast period. For instance, Generon Pharmaceutical Technology (Shanghai) Co., Ltd. has an innovative product, F-652, in phase 2 of clinical trial.                  

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Corticosteroids Treatment to Dominate Alcoholic Hepatitis Therapeutics Market

Based on treatment, the global alcoholic hepatitis therapeutics market has been divided into corticosteroids, hemorrheologic agents, anabolic steroids, and others. The corticosteroids segment dominated the global alcoholic hepatitis therapeutics market in 2019. This trend is projected to continue during the forecast period. Corticosteroids are considered the first line of treatment in the management of alcoholic hepatitis. Thus, the segment accounts for significant share of the global alcoholic hepatitis therapeutics market.

Corticosteroids was followed by the hemorrheologic agents segment in terms of market share in 2019. Various clinical trials are being conducted to establish the efficacy of pentoxifylline in managing severe alcoholic hepatitis. This is augmenting the hemorrheologic agents segment.

Mild to be Highly Lucrative Application Area of Alcoholic Hepatitis Therapeutics Market

In terms of application, the global alcoholic hepatitis therapeutics market has been bifurcated into mild and severe/chronic. The mild segment accounted for a prominent share of the global alcoholic hepatitis therapeutics market in 2019, owing to rise in awareness about the ill effects of alcohol and early diagnosis of the disease.

Hospital Pharmacies to be Major Distribution Channel

In terms of distribution channel, the global alcoholic hepatitis therapeutics market has been classified into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment led the global alcoholic hepatitis therapeutics market in terms of revenue in 2019. The trend is expected to continue during the forecast period. Rapid increase in the number of hospitals and a wide range of services available in multispecialty hospitals are likely to boost the segment during the forecast period. Rise in the number of patients opting for retail pharmacies, due to a large number of product brands available at discounted prices at these pharmacies, is estimated to drive the retail pharmacies segment during the forecast period.

North America to Dominate Alcoholic Hepatitis Therapeutics Market

In terms of region, the global alcoholic hepatitis therapeutics market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global alcoholic hepatitis therapeutics market in 2019. It was followed by Europe. Significant share of North America can be ascribed to the increase in the number of people with alcoholic hepatitis, new product launches, and presence of major players in the region. Furthermore, high consumption of alcohol, poor diet, and obesity are some of the common factors boosting the market in the region.

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The alcoholic hepatitis therapeutics market in Asia Pacific is anticipated to expand at a fast-paced CAGR from 2020 to 2030. This can be ascribed to the presence of developing economies with commercial hubs, expanding business organizations, growing awareness about alcoholic hepatitis, improving health care infrastructure, and rising investments by companies in their technical aspects.

Competition Landscape of Alcoholic Hepatitis Therapeutics Market

The global alcoholic hepatitis therapeutics market is fragmented in terms of number of players. Key players operating in the global market include Gilead Sciences, Inc., Sanofi, Generon Pharmaceutical Technology (Shanghai) Co., Ltd., Immuron Ltd., and Intercept Pharmaceuticals, Inc.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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N95 Masks Market Set to Record Exponential Growth by 2024

5 min read

N95 Masks Market: Introduction

According to the report, the global N95 masks market was valued at US$ 2.2 Bn in 2019. It is projected to expand at a high CAGR of ~11% during the forecast period. N95 mask, also known as N95 respirator, can be defined as the respiratory protective device employed to achieve a very close facial fit and very efficient filtration of airborne particles. N95 indicates the ability of the mask to block at least 95% of the very small test particles. The rise in demand for N95 masks can be attributed to the growing pandemic of coronavirus, healthcare professionals advocating the use of N95 masks by everyone to avoid infections, rise in levels of air pollutions, and an increase in respiratory diseases among people. Furthermore, increasing geriatric population fuels the demand for N95 masks.

North America dominated the global N95 masks market in 2019. The trend is anticipated to continue during the forecast period. The expansion of the market in the region can be attributed to the significant rise in the number of people being affected with the novel coronavirus. Additionally, increase in focus of market players on enhancing their production facilities to cater to the rising demand for N95 masks further boosts the global market.

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Focus on Enhancing Manufacturing Capabilities

Leading market players, such as 3M and Honeywell, are focused on enhancing their manufacturing capabilities, owing to a rise in the demand for N95 masks attributed to the global coronavirus pandemic. This, in turn, would enable them to cater to the rising demand and consolidate their position in the N95 masks market. Enhancement of manufacturing capabilities by these market players is essential to strengthen their market position, as the demand for N95 masks is likely to remain consistent in the near future due to the prolonged fight against the pandemic. In March 2020, 3M entered into partnership with Ford Motor Company to increase the production of 3M’s powered air purifying respirators, or PAPRs. 3M and Ford entered a collaboration to combine their complementary capabilities and resources in order to cater to a surge in the demand for personal protective equipment. Furthermore, the company doubled its production of N95 respirators at a rate of nearly 100 million masks per month, or more than over 1.1 billion per year. In the U.S., the company has been producing over 35 million respirators per month with 90% of these masks designated for healthcare workers.

N95 masks with Valve Segment Dominated Global Market

In terms of product, the with valve segment is projected to account for a major share of the global N95 masks market during the forecast period. The breathability of the N95 masks is enhanced with the presence of the valve.

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N95 Masks Market: Prominent Regions

The global N95 masks market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global N95 masks market in 2019. The U.S. was a major market for N95 masks in the region in 2019. The expansion of the market in the region can be attributed to the rise in the prevalence of chronic and infectious diseases and surge in focus of market players on expansion of production capabilities of N95 masks in order to cater to the rising demand. The N95 masks market in Asia Pacific is expected to expand at a high CAGR from 2020 to 2030 driven by developing countries such as China and India. The expansion of the market in the region can be attributed to the increase in levels of air pollution and surge in medical tourism in the region. Furthermore, a rise in the number of local players entering the market to expand their manufacturing facilities for N95 masks is likely to augment the market during the forecast period.

Focus on Enhancing Manufacturing Capabilities by Key Players to Propel Global Market

The global N95 masks market is fragmented in terms of number of players. Key players operating in the global N95 masks market are 3M Company, Kimberly Clark Corporation, Honeywell International, Inc., Henry Schein, Inc., Medline Industries, Inc., Ansell Limited, Cardinal Health, Prestige Ameritech, Kowa Company, Ltd., and Alpha Pro Tech.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Dental Consumables Market Estimated to Expand at a Robust CAGR by 2025

6 min read

Transparency Market Research (TMR) has published a new report titled, ‘Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global dental consumables market was valued at US$ 23,718.0 Mn in 2018 and is projected to expand at a CAGR of 5.4% from 2019 to 2027.

Overview

·         Dental consumables are assistive dental medical devices that are used in treatment of various dental disorders such as for the treatment of dental impairments, for dental restoration, and dental implant procedures.

·         Dental consumables primarily comprises of dental implants, crowns and bridges, dental biomaterial, orthodontics, endodontics, and periodontics.

·         The rise in global dental tourism induced by low labor costs, low fixed infrastructure costs and minimum government intervention in emerging economies such as India, Hungary and Turkey, has led to the rise in demand for dental consumable products in these nations.

·         The major growth driver for the dental consumables market in developed countries such as the U.S., Australia, the U.K. and Germany; includes introduction of government initiated dental reforms such as The Comprehensive Dental Reform Act, 2012 along with other growth attributors such as global aging population and rise in demand for cosmetic dentistry.

·         Asia Pacific is likely to be a highly lucrative market for dental consumables and it is expected to expand at a high CAGR during the forecast period

 

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Rise in Dental Tourism Induced by Low Labor Costs to Drive the Market Growth

·         Dental tourism is a collateral service meant to provide patients with cost-effective oral treatments in developing economies such as India, Turkey, and Hungary. It is widely practiced to attract patients from developed economies, who prefer traveling abroad in search of low-cost and high-quality oral treatments.

·         Dental tourism is flourishing due to low labor costs, low fixed costs, and minimum government intervention in the health care industry in developing economies. For example, root canal treatment starts from US$ 550 in the U.S., while it costs only US$ 110 in Turkey, US$ 69 in Hungary, and US$ 60 in India.

Crowns & Bridges Segment Accounted for Significant Market Share

·         In terms of product, the global dental consumables market has been segmented into dental implants, crowns and bridges, dental biomaterials, orthodontics, endodontics, periodontics, retail dental care essentials and others. Crown and bridges market is estimated to be the largest and fastest growing segment during the forecast period.

·         Within the dental crowns and bridges segment, the ceramic fused to metal is the major product to drive the crowns & bridges market. Changing demographics and increase in demand for CAD/CAM for prosthetics are expected to create growth opportunities in the crowns & bridges segment. Various materials used for construction of crowns and bridges include ceramic crowns, ceramic/porcelain fused to metals (PFM), and metal alloys. Ceramic crowns are gaining popularity, as people are more concerned about the esthetic values pertaining to oral hygiene.

·         Dental implants reported to be the second leading segment is assessed to be an emerging trend among people with missing teeth due to accidents, disease, and injuries. Dental implants are mostly made of titanium and zirconium. Over the relatively short history of dental implants, titanium was determined to be the choice material for implant designs. Titanium, when installed correctly, could withstand the workload of the human jaw similarly to the natural tooth.

 

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North America to Dominate Global Market

·         In terms of region, the global dental consumables market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominated the global dental consumables market in 2018, followed by North America.

·         One of the key factors attributed to the growth of the dental consumables market in the region is funding of oral health care facilities in major countries. In 2012, a report titled “The State of Oral Health in Europe” indicated that over 50% of the population of Europe was expected to be diagnosed with some of the periodontal diseases, which were relatively higher among people aged above 60 years.

·         The Dental Consumables market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to deregulation of dental care services in countries such as India and China is driving the market in the region. Deregulation refers to the removal of any acts or laws by the government in order to promote private participation. This has led to the emergence of new and improved private clinics that offer assured, quality services.

Competitive Landscape

·         The global dental consumables market is highly fragmented in terms of number of players providing different products. Key players in the global market include 3M Health Care, Danaher Corporation, DENTSPLY Sirona, Henry Schein, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Patterson Companies, Inc., and Zimmer Biomet Holdings, Inc. Expansion of product portfolio through mergers and acquisitions is a key strategy followed by these players

 

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Vascular Stents Market Poised to Expand at a Robust Pace by 2025

6 min read

Vascular Stents Market: Introduction

According to the report, the global vascular stents market was valued at US$ 7.6 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027. Rise in prevalence of cardiovascular diseases and increase in demand for minimally invasive surgeries are anticipated to drive the global vascular stents market from 2019 to 2027. North America is expected to account for a significant share of the global vascular stents market during the forecast period. Significant growth of the market in the U.S., owing to high consumption of interventional cardiology devices and continuous rise in number of patients with blocked arteries and other cardiovascular diseases, drive the market in the region. Rise in preference for minimally invasive treatment options, such as angioplasty and other percutaneous coronary intervention (PCI) procedures in the region, is expected to drive the vascular stents market in the region during the forecast period. The market in Asia Pacific is likely to expand at a high CAGR of ~6% from 2019 to 2027. This can be attributed to rise in demand for vascular stents due to increase in cardiovascular diseases in the region.

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Surge in Uptake of Technologically Advanced Coronary Stents to Propel Market

The global vascular stents market is responding positively to new and innovative coronary stents, with increasing uptake of technologically advanced coronary stents. Drug eluting stents (DES) are comparatively newer to bare metal stents (BMS) and have been able to capture the latter’s market share of the global vascular stents market to become market leader. Presently, bioresorbable stents are increasingly being prescribed by healthcare professionals due to their added benefits. This is expected increase the revenue share of the bioresorbable stents segment in the near future.

Various new and technologically advanced coronary stents are available in the market such as bioactive stents, biodegradable polymer based drug eluting stents, bifurcated BMS, and bifurcated DES. These stents have been able to penetrate such markets where BMS or DES were already established due to their advantages over traditional coronary stents. These stents have been clinically proven to cause no or minimum side effects of stenting such as in-stent restenosis, late-stent restenosis, thrombosis, and delayed antiplatelet therapy, which were prevalent in treatment with conventional stents.

Thus, a surge in uptake of technologically advanced coronary stents such as bioresorbable stents is expected to drive the demand for vascular stents during the forecast period.

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Coronary Artery Stents to Dominate Market

In terms of type, the global vascular stents market has been divided into coronary artery stents, peripheral vascular stents, and neurovascular stents. Coronary artery stents segment is further categorized into bare metal stents, bioresorbable stents, covered stents, and drug eluting stents. Peripheral vascular stents segment is further divided into sub-segments, including fem-pop artery stents, iliac artery stents, and infrapop artery stents. The dominance of the segment can be attributed to rise in prevalence of coronary artery diseases across the globe.

According to the National Heart Foundation of Australia, coronary heart disease is a leading cause of death in Australia, affecting 1.2 million people each year. According to the European Heart Network, CVD causes 3.9 million deaths in Europe each year.

Self-expanding Stents to be Highly Attractive

In terms of delivery method, the global vascular stents market has been classified into balloon expandable stents and self-expanding stents. The self-expanding stents segment is likely to dominate the global vascular stents market during the forecast period due to increase in the usage of self-expanding stents. Self-expanding stents offer improved clinical outcomes, as they induce less injury at implantation and achieve better vessel wall apposition.

Cobalt-Chromium Stent to Account for Major Share

Based on material, the global vascular stents market has been categorized into cobalt-chromium stent, platinum-chromium stent, nitinol stent, stainless steel stent, and bioresorbable polymer stent. The cobalt-chromium stent segment is anticipated to constitute significant share of the global vascular stents market by 2027. Advantages offered by cobalt chromium, such as strength, non-ferromagnetism, biocompatibility, and high resistance to corrosion and fatigue are expected to increase the usage of cobalt chromium for stents during the forecast period. However, the bioresorbable polymer stent segment is expected to grow at a faster rate during the forecast period. Quality healing, advanced design, and outstanding safety offered by bioresorbable polymer stents are expected to drive the segment during the forecast period.

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Asia Pacific Market to Expand Significantly

In terms of revenue, North America is projected to dominate the global vascular stents market from 2019 to 2027. North America’s prominent share of the global vascular stents market in 2018, due to the presence of higher number of people with cardiovascular diseases in the region. According to American Heart Association Research, between 2013 and 2016121.5 million adults in the U.S. had some form of cardiovascular disease. However, the vascular stents market in Asia Pacific is anticipated to expand at a relatively high CAGR during the forecast period. Factors, such as increase in the prevalence of coronary artery disease in Asia Pacific as compared to Western countries such as the U.S., Canada, and Germany, and increase in usage of metal stents for the treatment of coronary artery diseases, owing to advancement in efficacy and safety of new drug eluting stents, are expected to drive the vascular stents market in Asia Pacific during the forecast period.

Competition Landscape

The report also provides profiles of leading players operating in the global vascular stents market. These include Abbott Vascular (Abbott Laboratories), Cordis Corporation (A Cardinal Health Company), Medtronic, Boston Scientific Corporation, BIOTRONIK AG, Lifetech Scientific, C. R. Bard, Inc. (Becton, Dickinson and Company), Biosensors International Group, Ltd., Cook Medical, and W. L. Gore & Associates, Inc.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Monopolar Electrosurgery Market to Witness Widespread Expansion by 2024

7 min read

Transparency Market Research (TMR) has published a new report titled, ‘Monopolar Electrosurgery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global monopolar electrosurgery market was valued at US$ 1.72 Bn in 2018 and is projected to expand at a CAGR of 3.9% from 2019 to 2027.

Overview

·         Electrosurgery uses high frequency energy to cut and coagulate tissues during surgical procedures. Monopolar electrosurgery devices work on the same principle, where RF energy is used to cut and coagulate the tissues during surgical procedures.

·         However, in monopolar devices, the return current to the electrosurgical generator flows through the patient’s body via the return electrodes

·         North America dominated the global monopolar electrosurgery market in 2018 and the trend is anticipated to continue during the forecast period. High adoption of advanced energy surgical devices in the U.S., increase in number of approvals for new devices from the U.S. FDA, and rise in percentage of minimally invasive surgical procedures performed in the U.S. and Canada contributed to the high share of North America in 2018

·         Asia Pacific is likely to be a highly lucrative market for monopolar electrosurgery and it is expected to expand at a high CAGR during the forecast period

 

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Increase in Number of Minimally Invasive Surgical Procedures Performed Each Year to Drive Market

·         Electrosurgical devices have been widely used for minimal invasive surgeries in the field of gynecology, cosmetology, open surgery, laparoscopic procedures, and flexible endoscopic procedures.

·         Minimally invasive surgery has been one of the most preferred methods of treatment in the past few years among health care providers across the world

o    A study conducted at the Johns Hopkins University School of Medicine in Maryland, U.S. revealed that urban hospitals were performing laparoscopic appendectomies four times more than rural hospitals, and were likely performing 15 times more minimally invasive hysterectomies than rural hospitals.

o    According to the American Congress of Obstetricians and Gynecologists (ACOG), the percentage of minimally invasive hysterectomy procedures performed in the U.S., has increased from an estimated 14% in 2004 to 53% in 2013

·         Introduction of robotic assisted surgery has also driven the number of laparoscopic surgeries performed for indications such as prostatectomy, colorectal cancer surgery, hernia repair, and plastic surgery

o    According to the American Society of Plastic Surgeons, an estimated 20 million surgical procedures were performed across the world in 2014, and 52% of these were minimally invasive surgeries

·         Increase in the number of laparoscopic surgeries performed each year is expected to drive demand and subsequent consumption of monopolar electrosurgery devices in the global market. This is in turn expected to propel the global monopolar electrosurgery devices market during the forecast period.

 

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Hand Instruments Segment to Dominate Market

·         Based on product type, the global monopolar electrosurgery market has been divided into hand instruments, electrosurgical generators, return electrodes, and accessories.

·          The hand instruments segment dominated the global monopolar electrosurgery market in 2018 and the trend is projected to continue during the forecast period.

·         Factors attributed to the higher share of the hand instruments segment in the global market include low cost of disposable hand instruments leading to increasing demand of these products in various surgical procedures especially in emerging countries  and increasing number of players offering new and advanced hand instruments in the market.

General Surgery to be Highly Lucrative Segment

·         In terms of application, the global monopolar electrosurgery market has been classified into general surgery, gynecology surgery, cardiovascular surgery, cosmetic surgery, orthopedic surgery, urological surgery, and others.

·         General surgery is projected to be the most attractive segment during the forecast period.

·         There is a significant increase in chronic diseases such as cancer, and lifestyle diseases such as obesity across the world. This is presenting large patient pool undergoing cancer and bariatric surgeries, especially in the U.S. and countries in Europe. These factors fuel the growth of the general surgery segment.

North America to Dominate Global Market

·         In terms of region, the global monopolar electrosurgery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global monopolar electrosurgery market in 2018, followed by Europe.

·         North America accounted for major share of the global monopolar electrosurgery market in 2018. Its dominance can be attributed to rise in preference for minimally invasive surgeries especially at outpatient settings. The development in reimbursement structure at outpatient settings is expected to fuel growth in terms of revenue during the forecast period.

·         The monopolar electrosurgery market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027.

 

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Competitive Landscape

·         The global monopolar electrosurgery market is colnsolidated in terms of number of players. Key players in the global market include CONMED Corporation, BOVIE MEDICAL, Medtronic, Ethicon, Inc., Olympus Corporation, BOWA-electronic GmbH & Co. KG, Erbe Elektromedizin GmbH, Aesculap, AG (B. Braun Melsungen AG), and Meyer-Haake GmbH, among others.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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MEA Technetium-99m Market Trends and Growth Factors Analysis

4 min read

Leading players in the Middle East and Africa technetium-99m market, including General Electric Company, Siemens Healthineers, and Sumitomo Heavy Industries, are focused on research and development activities with the view of the maintaining their diverse product portfolios with a vast range of innovative products. These companies being internationally invested entities, their rate of research from across the globe, is expected to result in the rising market share for technetium-99m in the MEA region, observes Transparency Market Research in a recent report.

According to the report, the MEA technetium-99m market is expected to expand at a CAGR of 8.1% over the period from 2016 to 2026, reaching US$636.1 mn by the end of 2026 from US$273.3 mn at the end of 2015.

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Hospitals Emerge as Leading End-use Segment in MEA Technetium-99m Market

In terms of isotopic application, the segment of gamma cameras accounted for the dominant share in the MEA technetium-99m market in in 2015. The segment is also expected to retain its dominant spot and create an incremental opportunity of US$164.7 mn from 2016 to 2026. The SPECT segment, however, is likely to outpace other segments when it comes to growth pace, exhibiting a 9.0% CAGR over the forecast period. Of the key end-use segments, the segment of hospitals is presently the most attractive in terms of growth prospects over the report’s forecast period. Geographically, the market in Turkey accounted for the dominant share in the overall market in 2015 and is likely to rise to US$151.1 mn by 2024. The country-wide market is likely to exhibit a promising CAGR of 9.6% over the forecast period.

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Rising Integration of Technological Advancements with Healthcare Sector to Drive Market

The rapidly rising pool of patients suffering from a number of chronic and non-communicable diseases in the Middle East and Africa region and the scenario is pushing government and private healthcare organizations to strengthen its capability of meeting this growing demand for treatments. With conditions such as diabetes, cancer, and heart diseases witnessing a rapid rise in the region, the healthcare industry, including hospitals, medical organizations, and other varieties of healthcare centers are placing a special importance on treatment and development procedures. This includes the use of technetium-99m in imaging technologies, thereby driving the growth of the MEA technetium-99m market.

This scenario will likely continue to drive the technetium-99m market in the MEA region for the coming years as well. Reports shown by organizations such as the CDC and the WHO indicate that the overall number of people suffering from chronic illnesses and heart disease is showing an inclined curve over the next few decades, thus driving the overall demand for technetium-99m. The market is also likely to benefit from the swift rate of advancements in technology that are being brought into the region. This applies specially to imaging technologies, where there is a high usage of technetium-99m.

This analysis of the global technetium 99m market is based on a recent market research report by Transparency Market Research, titled “Technetium-99m Market - (Isotopic Application - Gamma Camera and Single Photon Emission Computed Tomography (SPECT); End-user - Hospitals and Diagnostic Centers) - MEA Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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