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Diaphragm Pacing Therapy System Market to Receive Overwhelming Hike in Revenues by 2024

5 min read

Diaphragm Pacing Therapy System: Introduction

·         Diaphragm pacing involves electrically stimulating a patient’s diaphragm muscles and nerves using a lightweight, battery-powered system. This causes the diaphragm to contract so that air is pulled into the lungs. It helps the patient to breathe normally.

·         Diaphragm pacing helps to reduce or eliminate the time spent using a ventilator or other assisted breathing devices and decreases the risk of respiratory infections. The system is quite useful in COVID-19 patients, who have been mechanically ventilated and are unable to breathe without assistance from the mechanical ventilator.

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Key Drivers of Global Diaphragm Pacing Therapy System Market

·         Increase in incidence of spinal cord injuries (SCI) and amyotrophic lateral sclerosis (ALS) is projected to boost the growth of the global diaphragm pacing therapy system market. According to the National Spinal Cord Injury Statistical Center (in 2019), around 17,730 new SCI cases are reported each year and between 249,000 and 363,000 people are currently living with SCI in the U.S. According to ALS Association, nearly 5,000 people in the U.S. are diagnosed with ALS every year.

·         Advantages of diaphragm pacing therapy system (DPTS) such as reduction of dependency on mechanical ventilators and enabling patients to breathe & speak more naturally fuel the growth of the global market

·         Increase in number of cases with COVID-19 has led to requirement of large number of mechanical ventilators. Diaphragm pacing therapy system is quite useful in treatment of COVID-19 patients, where limited mechanical ventilators are available. As of July 20, 2020, around 3.8 million patients have tested positive for coronavirus in the U.S. In India, around 1.12 million people are suffering from coronavirus. These factors are anticipated to accelerate the growth of the global diaphragm pacing therapy system market.

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External Diaphragm Pacemaker Segment to Witness Significant Growth

·         In terms of product type, the global diaphragm pacing therapy system market can be bifurcated into diaphragm pacemaker and external diaphragm pacemaker

·         The external diaphragm pacemaker segment accounted for the largest share of the global diaphragm pacing therapy system market in 2019. Increase in use of external diaphragm pacemaker in the treatment of congenital central hypoventilation syndrome and cervical spinal cord injury is expected to drive the segment.

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Spinal Cord Injury (SCI) to be Most Promising Segment

·         Based on application, the global diaphragm pacing therapy system market can be classified into spinal cord injury (SCI), amyotrophic lateral sclerosis (ALS), and others

·         The spinal cord injury (SCI) segment accounted for the largest share of the global market in terms of revenue in 2019 and the trend is likely to continue during the forecast period. Increase in patients with spinal cord injury (SCI) due to vehicular crashes, accidents, falls, and sports/recreation activities propel demand for diaphragm pacing therapy systems.

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North America to Dominate Global Diaphragm Pacing Therapy System Market

·         In terms of region, the global diaphragm pacing therapy system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America dominated the global diaphragm pacing therapy system market in 2019 and the trend is projected to continue during the forecast period. The region’s dominance can be attributed to increase in people with spinal cord injury (SCI) and amyotrophic lateral sclerosis (ALS), presence of major players, and well-established health care system.

·         The diaphragm pacing therapy system market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period owing to increase in adoption of new products and rise in demand for diaphragm pacing therapy systems in emerging countries such as India and China

Key Players Operating in Global Diaphragm Pacing Therapy System Market

The global diaphragm pacing therapy system market was highly fragmented in 2019.

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Hepatitis B Diagnostic Tests Market Report Analysis With Industry Share Published by Leading Research Firm

4 min read

Hepatitis B Diagnostic Tests Market: Introduction

·         Hepatitis B is a viral infection caused by the hepatitis B virus. It is known to spread through exposure to infected body fluids. It infects the liver, and can cause scarring of the organ, liver failure, and cancer.

·         Major symptoms of the disease include fever, persistent fatigue, loss of appetite, nausea, vomiting, stomach pain, light colored stools, and jaundice. Hepatitis B is primarily acquired through unprotected sex, needle sharing, from a mother to child, and accidental needle sticks.

·         Hepatitis B is mainly categorized into two types: chronic and acute. Chronic hepatitis B is considered to be a lifelong infection. Acute hepatitis B is considered a short-term infection that may last up to six months.     

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Key Drivers and Restraints of Global Hepatitis B Diagnostic Tests Market

·         Growth of the hepatitis B diagnostic tests market can be ascribed to the increase in prevalence of hepatitis B globally. It is a major health concern, with more than 300 million people afflicted, according to the WHO. Furthermore, its prevalence is known to be significantly high in the Western Pacific and African regions. Additionally, in the endemic regions, the common cause of transmission is perinatal transmission and horizontal transmission through infected blood.

·         Increase in awareness among the people; and rise in initiatives by governments and non-profit organizations contribute to the growth of the market. Rise in awareness among the people results in early diagnosis of the disease. This is boosting the demand for hepatitis B diagnostic tests. However, lack of standard guidelines concerning the diagnosis of hepatitis B is estimated to hamper the global hepatitis B diagnostic tests market.

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North America to Lead Global Hepatitis B Diagnostic Tests Market

·         In terms of region, the global hepatitis B diagnostic tests market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America dominated the global hepatitis B diagnostic tests market in 2019, owing to high prevalence of acute hepatitis B, and growth in focus of the U.S. government on taking initiatives in increasing the diagnosis of hepatitis B in the country

·         Europe was also a vital region of the global hepatitis B diagnostic tests market in 2019. Asia Pacific is projected to be the fastest growing region of the hepatitis B diagnostic tests market, followed by Latin America and Middle East & Africa. Growth in focus of governments of countries in Asia on enhancing health care facilities, increasing focus of market players on Asia Pacific to leverage growth opportunities, and increase in the patient pool are driving the hepatitis B diagnostic tests market in the region.

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Key Players Operating in Global Hepatitis B Diagnostic Tests Market

Market players are focusing on expanding their presence in the global hepatitis B diagnostic tests market by adopting the inorganic growth strategy.

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Adrenoleukodystrophy Treatment Market to Observe Strong Development by 2025

5 min read

Adrenoleukodystrophy Treatment Market: Introduction

·         A rare genetic condition that causes the buildup of long chain fatty acids (VLCFAs) in the brain is known as adrenoleukodystrophy (ALD). A mutation in the ABCD1 gene on the X chromosome leads to ALD. Childhood cerebral ALD, Adrenomyelopathy, and Addison’s disease are the three types of adrenoleukodystrophy. Childhood cerebral ALD progresses very rapidly in children between the ages of 3 and 10 and causes severe disability and even death. Addison’s disease is caused when the adrenal glands are unable to produce enough hormones. It is also known as adrenal insufficiency. Adrenomyelopathy primarily affects adult men.

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Key Drivers, Restrains and Opportunities of Global Adrenoleukodystrophy Treatment Market

·         Rising awareness about rare diseases leads to increase in potential in research treatment. Moreover, rise in support and funds for research into new ALD treatments contribute to drive the market.

·          Surge in number of patient is likely augment the market. For instance, the prevalence of adrenoleukodystrophy, globally, is 1 in 20,000 to 50,000 individuals as per the U.S. National Library of Medicine. 1 in every 21,000 men and 1 in 16,800 women thought to be affected by ALD in the U.S.

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·         Key industry players are engaged in the development of new products by investment in research & developing owing to a rise in the demand for products. This, in turn, is estimated to drive the market. For instance, Viking Therapeutics conducts a clinical trial program for novel VK0214. In September 2020, Viking Therapeutics launched phase I clinical trial testing with increasing doses of VK0214 to treat adrenoleukodystrophy (ALD). In July 2018, NeuroVia, Inc. initiated the Phase 1/2 clinical study of NV1205, in patients with childhood cerebral adrenoleukodystrophy (CCALD).

·         However side-effects associated with stem cell therapy and corticosteroid replacement therapy is expected to hamper the market

·         Government initiatives in developing countries to improve healthcare infrastructure leads to an increase the patient access and thereby offers significant opportunity in the market. Moreover, investment by key players to address the unmet medical needs is providing considerable opportunity in the market

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North America to Capture Major Share of Global Adrenoleukodystrophy Treatment Market

·         North America is expected to account for a major share of the global adrenoleukodystrophy treatment market. It is expected to maintain its dominance during the forecast period. Well-established healthcare infrastructure and presence of key market players are major factors that are anticipated to drive the market.

·         The adrenoleukodystrophy treatment market in Asia Pacific is estimated to hold significant share of the market. The market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a rise in awareness about rare diseases.

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Key Players Operating in Global Adrenoleukodystrophy Treatment Market

The global adrenoleukodystrophy market is highly concentrated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Demand for adrenoleukodystrophy treatment products has increased in emerging as well as developed markets owing to a rise in prevalence of adrenoleukodystrophy. Growth strategies adopted by leading players are likely to drive the global market.

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Palliative Care Market to Undertake Strapping Growth by the End 2024

5 min read

Palliative Care Market: Overview

The drive for patient–centered end-of-life (EOL) care is has become an indispensable part of care for aging population suffering from advanced chronic illnesses. Swift rise in life expectancy due to advanced healthcare and medical care has led to some unintended outcomes in terms of prevalence of chronic conditions. These conditions may not claim life but pose a substantial morbidity by debilitating the quality of life. According to a study by Oxford University in 2014, as much as 56% of the people die in hospitals in the U.K. and Australia. Thus, investments in health systems have risen in palliative care market. The need to reduce the unnecessary suffering of older adults and people with EOL has given rise to increasing healthcare industry’s interest in palliative care.

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There is a large unmet need among worldwide populations, making the palliative care brimming with opportunities for industry players. To put things in perspective, only three out of five can claim to have quality palliative care. Over the past few years, public health systems have actively identifying barriers to the adoption of new approaches in palliative care market. Also, more focus is being put on attaining goals of patient-centered outcome for stakeholerd. A case in point is cancer care delivery systems.

Palliative Care Market: Key Trends

According to one of the recent estimates, people who would need palliative care would exceed 20 million every year, of which 69% will be adults aged more than 60 years. Per a recent finding, 78% of people residing low- and middle-income countries need palliative care. Sadly, only 14% of the population who need palliative care at EOL currently receive it. All these paint a favorable groundwork for the expansion of the palliative care market. Some of the prominent areas where palliative care are needed include major organ failure, cancer, drug-resistant tuberculosis, extreme frailty of old age, and end-stage chronic illness,

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The growing elderly population with advanced, progressive, or incurable illness in developed regions is a key trend boosting the growth of the palliative care market. Further, increasing focus on hospice on comfort and control systems is creating new scope for all stakeholders.

A key trend that is witnessing massive developments is the growing role of palliative care in cancer care delivery system

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Palliative Care Market: Competitive Analysis and Key Developments

Stakeholders witnessing the mounting need for palliative care have bene focusing on inclusive, patient-centered approach. New approaches of palliative care services are coming to the fore, opening new avenues in the palliative care market. Especially in advanced cancer patients, different randomized controlled trials have been conducted in recent years to assess the effectiveness of palliative care models in boosting survival rates and improving the quality of life. There exists large need for well-designed, multicenter controlled trials for evaluating the role of new models in the palliative care market. Nursing home palliative care delivery is expected to open new avenues for stakeholders in the market. Research directions in coming years will focus on developing frameworks that integrate different models in palliative care across different settings. In this regard, integrative PC interventions in the ICU are attracting new research.

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Palliative Care Market: Regional Assessment

The adoption of integrated palliative care in chronic or cancer is a key trend in North America markets, such as in the U.S. Rise in investments in equipping hospitals with specialized PC teams is also a recurrent in key regional markets, notably in Europe and the U.S. Extensive research and studies have taken place in these two markets. The adoption of multiple models with palliative multidisciplinary teams will spur new revenue streams in Europe palliative care market in near future.

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Pharmaceutical Outsourcing Market : Business Overview and Global Development Trends

5 min read

Global Pharmaceutical Outsourcing Market: Overview

Pharmaceutical outsourcing has emerged as a resilient trend across the global pharma sector. The relevance of research, analysis, and intensive development across the pharmaceutical industry has given an impetus to the growth of the global pharmaceutical outsourcing market. There has been an increase in the number of drugs and other pharmaceutical products manufactured on an annual basis. This is also reflective of the overburdening the already saturated pharmaceutical industry. Furthermore, the overwhelming demand for pharma products, drugs, and medications has further pressurized the industry. Therefore, the global pharmaceutical industry is looking for alternative means to offload a major chunk of its work and commitments. Therefore, the global pharmaceutical outsourcing market is expected to tread along a lucrative pathway in the times to follow.

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In this review by Transparency Market Research (TMR), several nascent propensities related to market expansion have been enunciated. The growth of the pharmaceutical outsourcing market is a direct function of key developments in drug development. Once a drug gets approved, patented, and finally moves to the category of generics, the demand for the drugs continually ascends. Therefore, use pharmaceutical outsourcing is used to ensure optimal manufacturing of the drugs to meet the overarching demands of the market. This review also gives a further peek into the dynamics of market growth in relation to drug development. Furthermore, the impact of the COVID-19 outbreak on the demand for pharmaceutical outsourcing has also been elucidated herein.

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Global Pharmaceutical Outsourcing Market: Competitive Landscape

Outsourcing of pharmaceutical research has emerged as the most resilient trend across the global pharma sector. The development of a drugs involves multiple research layers, each requiring high-end equipment and test devices. Therefore, the emergence of outsourcing services across the pharmaceutical industry has eased the job of primary drug manufacturers. Henceforth, the vendors operating in the global pharmaceutical outsourcing market have a sound opportunity at their disposal.

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The costs that can be saved by outsourcing pharmaceutical research or even drug development has garnered the attention of leading pharmaceutical companies. Therefore, in addition to manufacturing and research, these companies are also outsourcing auditing, marketing, and management services.

Some of the leading vendors operating in the global pharmaceutical outsourcing market are Halo Pharmaceutical, Velesco Pharma, Patheon, Inc., Coldstream Laboratories Inc., and BioPharma Solutions.

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Global Pharmaceutical Outsourcing Market: Key Trends

The pharmaceutical industry has lately become more meticulous with analysis of costs and expenses incurred on various lines of research and drug development. This spree of calculations has led the manufacturers to the conclusion that pharmaceutical outsourcing can reap out lucrative results. The costs saved by outsourcing various lines of production can be redirected towards other value-added avenues and investments. Therefore, the global pharmaceutical outsourcing market is slated to witness an uptick in revenues in the years to follow.

The need for studying active pharmaceutical ingredients in isolation has brought pharmaceutical outsourcing under the spotlight of attention. Furthermore, the presence of a sturdy pharmaceutical industry that banks on the capabilities of subsidiary research organizations has also aided market expansion. The use of pharmaceutical outsourcing for expediting the process of drug research has unplugged new avenues for market growth and expansion. There is a peculiar sense of accountability felt across the pharmaceutical industry. Drugs manufacturers are obligated to make collective efforts towards the meeting the requirements of the market. Therefore, outsourcing of pharmaceutical research, development, and manufacturing is a sound dynamic of market growth and expansion.

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Insulin Biosimilars Market : Global Forecast Over 2024

5 min read

The growth of the global insulin biosimilars market largely hinges onto advancements in medical analysis and research. Replacement of insulin with biosimilars requires proper medical intervention and advise. Therefore, the use of insulin biosimilars is guarded by a strong net of approvals and recommendations coming from the medical fraternity. The total value of the global insulin biosimilars market is projected to increase alongside liberalization of the medical and pharmaceutical industries. The conservative and radical approach held by the medical research industry had been hampering the use of biosimilars. However, with recent tests to prove the effectiveness of biosimilars, the usage of insulin biosimilars has increased by a formidable chase.

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In this syndicate writeup on the global insulin biosimilars market, Transparency Market Research (TMR) decodes a range of trends and dynamics that have aided growth across the global insulin biosimilars market. Furthermore, the unprecedented demand for biosimilars requires investigation and analysis of the highest order. Despite the evident presence of companies selling branded drugs, use of insulin biosimilars has been on a rise. Apart from the price difference between the two, other factors are also playing a crucial role in supporting the growth of the insulin biosimilars market.

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Global Insulin Biosimilars Market: Competitive Landscape

The leading vendors operating in the insulin biosimilars market are in tough competition manufacturers of original insulin that is branded across the pharmaceutical industry. However, these vendors have made relentless efforts to narrow the perceived difference between original branded drugs and biosimilars. It would be interesting to witness which side do the customers incline over the years to come. An analysis of the current and future trends suggests that the leading market vendors in the insulin biosimilars market could capture a decent share of the overall insulin market.

By the turn of next year, the global pharmaceutical industry could acquire new ranks in terms of revenue generation. This assertion is attributed to the outbreak of the coronavirus that has played to the advantage of the vendors operating in the insulin biosimilars market. Investments in research related to insulin and its biosimilars is projected to reap out lucrative results for the market.

Some of the leading companies operating in the insulin biosimilars market are Mylan N.V., Eli Lilly & Co., Merck & Co., Boehringer Ingelheim, Pfizer Inc., and Biocon.

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Global Insulin Biosimilars Market: Key Trends

The presence of a functional medical domain for treatment of chronic disorders such as diabetes shall provide a playfield to the stakeholders operating in the global insulin biosimilars market. The rising incidence of diabetes is the primary driver of demand within the insulin biosimilars market. Furthermore, the ability of the medical industry to correctly administer biosimilars, without triggering any side effects, shall enable the inflow of fresh revenues into the global insulin biosimilars market.

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The use of insulin biosimilars shall also gain momentum as the prices of originally manufactured insulin spike up. Besides, the pharmaceutical industry is also facing rough edges in keeping up to the increasing demand for insulin. Administration of well-acknowledged insulin biosimilars in patients has rendered positive results in several cases. This is an important consideration from the point of view of expansion for the global insulin biosimilars market. Therefore, the total volume of sales across the insulin biosimilars market is set to multiply in the times to follow. The industrial standards of the pharmaceutical sector have revamped in recent times, giving a push to market growth and maturity.

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Precision Cancer Imaging Market Size will Observe Substantial Growth by 2024

4 min read

Global Precision Cancer Imaging Market: Snapshot

Precision cancer imaging systems are gaining traction across the worldwide healthcare sector as these systems perform key role in the cancer detection. In addition to this, the systems offer comprehensive insights regarding the precise location and degree of the illness. The global precision cancer imaging market is expected to show prodigious expansion rate during the assessment period of 2020 to 2030. One of the important factors attributed to this situation is increased cases of cancer in all worldwide locations.

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TMR’s upcoming research report on the global precision cancer imaging market aims to provide thorough analysis of important factors showing negative or positive impact on overall market growth. Apart from this, the study sheds light on challenges and growth opportunities in the market for precision cancer imaging during the tenure of 2020–2030. Thus, the report works as a helpful tool to gain all essential data on the precision cancer imaging market.

This report uses different parameters to perform study of the global precision cancer imaging market. Some of the important parameters included for this study are modality, end-user, type, and region. Based on modality, the market for precision cancer imaging is classified into X-ray radiography, magnetic resonance imaging, molecular imaging, nuclear imaging, positron emission tomography, computed tomography scanning, and ultrasound imaging.

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Global Precision Cancer Imaging Market: Growth Dynamics

Precision cancer imaging technique is gaining traction across the worldwide healthcare sector as it assists in various cancer detection stages including screening, early diagnosis, treatment guidance, and precision medicinal drug. In addition to this, the technique is helpful in assessing the response to the therapy and possibilities of disease recurrence. As a result, numerous clinicians, healthcare systems, patients, and pharmaceutical agencies are growing preference toward the use of precision cancer imaging. Owing to this factor, the global precision cancer imaging market is likely to gain upward curve of revenues in the forthcoming years.

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n recent years, there is remarkable growth in the cases of numerous cancer types in all worldwide regions. This aside, the enterprises working in the precision cancer imaging market are growing focus on spending more money on research and development activities. Main motive of this research is to achieve consistent improvement in the imaging modalities. All these factors are predicted to impact positively on the market growth.

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Global Precision Cancer Imaging Market: Competitive Analysis

The global precision cancer imaging market experiences existence of many well-entrenched enterprises. This scenario has resulted into highly intense competitive landscape of the market for precision cancer imaging. To solidify their position in the market for precision cancer imaging, players working in precision cancer imaging market are executing diverse strategies. Some of the important strategies utilized by key enterprises include joint ventures, mergers, acquisitions, partnerships, and collaborations.

Global Precision Cancer Imaging Market: Regional Assessment

On regional front, the global precision cancer imaging market is segmented into five regions such as Europe, North America, South and Central America, the Middle East and Africa, and Asia Pacific. Of all regions, North America is one of the dominant regions in the market for precision cancer imaging. Some of the important reasons attributed to this growth condition are increased awareness about importance of early disease diagnosis, sturdy healthcare sector, and considerable growth in healthcare spending.

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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, 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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Veterinary Equipment & Disposables Market Will Generate New Growth Opportunities in Upcoming Year

5 min read

The global veterinary equipment and disposables market is expected to witness high growth in the near future, states Transparency Market Research in its recent report. Leading players in the market are engaged in building strategic alliance with companies operating in the similar market. Use of these strategies will help players to get a stronger hold in the global market. For example, Merck fully acquired Vallee S.A. in early 2018. With this acquisition, the company plans to expand its health products for animals and to strengthen its position in Brazil. 

Various other players in the global market are also taking similar steps to get a lion’s share in the market. Some of the prominent players operating in the global veterinary equipment and disposables market include Smiths Group plc, Patterson Companies, Inc., Vetland Medical Sales & Services LLC, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Henry Schein. 

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With the growing efforts made by these players and rising companion animal population is expected to drive demand in the global veterinary equipment and disposables market. It is been estimated that the global veterinary equipment and disposables market will reach a valuation of US$2.49 bn by the end of 2026. This figure is likely to be achieved if the market rises at 5.9% CAGR between 2018 and 2026. 

The demand for veterinary equipment and disposables is high in the critical care segment due to high consumption of these consumables at the time of veterinary anesthesia process. During the time of gastroenterology, wound management, airway management, and fluid administration and therapy veterinary equipment and disposables are readily used. 

With respect to geography, the demand for veterinary equipment and disposables is high in North America due to presence of large number of veterinary hospitals and clinics in the region and growing pet expenditure. However, Asia Pacific is also expected to substantial share in the global veterinary equipment and disposables market. Growing livestock population and higher importance given to pet in the region is driving growth in this market. 

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Growing Number of Pet Owners to Fuel Market Performance 

Rise in companion animal population is one of the major factor the let the demand in the global veterinary equipment and disposables market. Increasing number of veterinary practitioners coupled with high-income levels in developed economies has augmented growth in this market. Moreover, pet owners are highly aware of advanced practices and ready to spend large sum of money for the safety of their pets. This factor is also contributing substantially in driving demand for veterinary equipment and disposables. 

According to the figure presented by the American Pet Products Association (APPA), the people in U.S. owned 94.2 million cats in 2017. In Europe, there is a 9% increase in pet population from 2012 to 2016, according to the data given by Animal Health Europe Survey in 2017. Thus, the rise in pet adoption stoked up demand in the global veterinary equipment and disposables market. 

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Shortage of Veterinaries to Challenge Growth in Veterinary Equipment and Disposables Market 

Issues such as high cost of pet care and availability of alternatives to animal testing might deter demand in the global veterinary equipment and disposables market. Moreover, shortage of veterinaries in developing markets is likely to challenge growth of veterinary equipment and disposables. Lack of animal healthcare awareness in developing regions might also hamper growth in this market. 

Nevertheless, growing opportunities such as rising adoption of big data and wearable devices will help in reducing the impact of these restraints. Additionally, growing size of veterinaries in emerging regions and increasing acceptance for pet hindrance that are mentioned above can be met, thus, fueling growth in the global veterinary equipment and disposables market. 

The study presented here is based on a report by Transparency Market Research (TMR) titled “Veterinary Equipment & Disposables Market (Product Type - Anesthesia Equipment, Critical Care Consumables, Fluid Management Equipment, Temperature Management Equipment, Patient Monitoring Equipment, Rescue and Resuscitation Equipment, Research Equipment; Animal Type - Small Animals, Large Animals; End user - Veterinary Hospitals and Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026”. 

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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 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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Medical Dynamometer Market Poised to Garner Maximum Revenues by 2024

5 min read

Transparency Market Research (TMR) has published a new report titled, “Medical Dynamometer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2028.” According to the new report, the global medical dynamometer market was valued at US$ 522.3 Mn in 2017 and is projected to expand at a CAGR of 7.4% from 2018 to 2026. Increase in sports activity and rise in number of accidents that lead to bone fractures are anticipated to propel the global market between 2018 and 2026. North America and Europe are expected to dominate the global market, owing to an increase in demand for novel technologies. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period. The medical dynamometer market in Latin America is likely to grow at a moderate pace during the forecast period. Key factors contributing to the growth of the market in Brazil are rapid improvement in health care infrastructure and increase in purchasing power of people. Additionally, health care companies strive to cut hospitalization costs, while offering better services to patients in the country.

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Increase in Sports Injuries to Fuel Market

Rise in health awareness, increase in the geriatric population, and surge in importance of adventure sports among youngsters have led to high incidence of sports injuries across the world. According to the Centers for Disease Control and Prevention, high school athletes alone account for 2 million injuries, 50,000 doctor visits, and 30,000 hospitalizations in the U.S. each year. High rate of youth sports injuries is fueled by an increase in overuse of the joints and repeated small trauma injuries. Additionally, the baby boomer population in the U.S. is able to exercise under medical supervision. This demography has, therefore, been reported to undergo surgeries such as hip and knee replacements and surgery for cartilage damage. Common sports-related injuries include ankle sprain, plantar fasciitis, shoulder sprains & strains, rotator cuff tears, and knee injuries. Therefore, increase in sports-related injuries has created high demand for knee cartilage repair procedures.

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Rise in Prevalence of Bone Injuries to Drive Market

Medical dynamometer is an alternative to physiotherapy treatment for those suffering from various joint, muscle, and tendon disorders. These devices are efficient in rapid pain management and mobility restoration. Hence, these are used to speed up the recovery process and cure various indications which lead to acute or chronic pain. According to the International Osteoporosis Foundation, 2017, osteoporosis causes more than 8.9 million fractures across the world each year, with an osteoporotic fracture every 3 seconds. By 2050, the global incidence of hip fracture in men is projected to increase by 310% and 240% in women, as compared to the rates in 1990. According to the World Health Organization, 45% of road traffic fatalities in low-income countries occurs among pedestrians, while it is estimated at 29% in middle-income and 18% in high-income countries among pedestrians.

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Hand Dynamometer Segment to Dominate the Market

Hand dynamometer was a prominent segment of the market in 2017. The segment is projected to expand at a high CAGR during the forecast period. Rise in sports injuries and increase in number of fractures of hands and wrists are anticipated to propel the segment in the near future.

Orthopedic Segment to Lead Market

The orthopedic segment is projected to dominate the global market during the forecast period, accounting for the largest share by 2026. The segment is anticipated to expand at a high CAGR between 2018 and 2026.

Asia Pacific offers Significant Opportunities

Asia Pacific accounted for significant share of the global medical dynamometer market in 2017. The region is likely to gain market share by 2026. High adoption of hand dynamometer and government initiatives to promote innovative devices contributed to Asia Pacific’s high share of the global dynamometer market. Asia Pacific is projected to be an attractive market for dynamometer market during the forecast period. The market in Asia Pacific is likely expand at a high CAGR during the forecast period due to large number of trauma injuries. China accounted for the largest share of the market in the region in terms of revenue in 2017. The market in Latin America and Middle East & Africa is anticipated to expand at a moderate growth rate during the forecast period.

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Rise in Osteoporosis Diseases among Geriatric Population

According to the International Conference on Spine and Spinal Disorders (2016), osteoporosis disease has become quite common among the geriatric population. Approximately 1.5 million people globally suffer from osteoporosis fracture every year and an estimated 700,000 experience spinal fracture.

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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, use proprietary data sources and various tools and techniques to gather, and analyze information.

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Voice Prosthesis Devices Market Size will Observe Lucrative Surge by the End 2024

4 min read

Transparency Market Research has published a new report on the working dynamics of the global voice prosthesis devices market in which the report expects the market to exhibit a CAGR of 4.5% for the period of forecast of 2018 2026. With this rate of growth, the global market is expected to rise from the initial valuation of US$170 mn in 2017 to US$190 mn b 2026.

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Growing Demand for Advanced Cancer Care Facilities to Drive Market Growth

Among the several notable driving factors for the growth of the global voice prosthesis devices market, most prominent has been the prevalence of head and neck cancer. According to the American Society of Clinical Oncology (ASCO), head and neck type of cancer is the sixth most commonly occurring type among all. Moreover, the incidences such type of cancer are only growing each year. The ASCO stated that this type of cancer accounted for nearly 4% of the overall cases of cancer in the US in 2017. The organization also predicts that over 65,000 individuals are currently at risk of developing this type of cancer in coming years. According to the ASCO report, around 44% of time oral cavity is involved in terms of initial site development of the head and neck cancer. Whereas, the pharynx is affected 25% of times and the larynx has an infection probability of 31%. Thus, there has been a growing demand for advanced and high quality medical care and patient safety facilities. This has thus had a significant impact on the overall development of the global voice prosthesis devices market as the growing demand has prompted the development and launch of several new voice prosthesis devices.

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To know more, visit our report page on the Global Voice Prosthesis Devices Market

Mergers and Takeovers to Remain Go-to Option for Leading Market Players

The competitive landscape of the global voice prosthesis devices market does is not an intensely contested one. This leaves plenty of room for interested players to enter in the market and establish a strong foothold. Currently, there are only a few voice prosthesis devices that are available in the market. Blom-Singer Classic, Provox-2, Blom-Singer Dual Valve, and Provox Vega are some of the most notable names. Recent product launches have indicated that the market is slowly diversifying.

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Some of the leading players in the global voice prosthesis devices market include names such as Hood Laboratories, Servona GmbH, Smiths Medical, InHealth Technologies, and Atos Medical among others. The companies in the market are opting for aggressive tactics of mergers and acquisitions in order to stay ahead of their competitive rivals. For instance, in January 2018, Atos Medical announced that the company has successfully taken over a German-based healthcare company called Heimomed Heinze GmbH & Co. KG

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Transparency Market Research (TMR) is a 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. TMR’s 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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