AI in Healthcare Market SWOT Analysis, Demand and Emerging Trends | Forecast to 2027

 Healthcare Artificial Intelligence (AI) Market Competitive Dashboard

The eminent players profiled in the healthcare artificial intelligence market report are IBM Corporation, Koninklijke Philips N.V., NVIDIA Corporation, Intel Corporation, Microsoft Corporation, Deep Genomics, Inc., General Electric Company, Siemens Healthineers GmbH, Google, Inc., CloudMedx Inc., Johnson & Johnson, General Vision, Inc., Stryker Corporation, Medtronic Plc., and others.

Global Healthcare Artificial Intelligence Market 2020 is poised to expand at a CAGR of 51.9% during the review period (2018 to 2023).

Healthcare Artificial Intelligence (AI) Market Highlights

The applications of artificial intelligence are likely to lead marketing and financial applications such as demand analysis, risk management, financial growth estimation, and others. Another promising business indicator is the growing introduction of artificial intelligence in healthcare that duplicates the retail sector. In tandem with the interests of giants such as Google and Microsoft, the exponential rise in seed and startup capital has resulted in considerable excitement for the industry. This, combined with the attractive scaling and expanding economy, has resulted in a burst of business investment.

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Google and Microsoft are the first data-driven artificial intelligence firms with profoundly rooted Machine learning and cloud applications and strategies. This positions them and these other firms at a crucial advantage over others. Medical drivers provide time and cost savings from the identification of image and speech characteristics through automatic diagnosis. IBM Watson has a substantial vital edge in this area and is an industry leader. Oncology has received the most significant consumer interest in the application of AI diagnosis. Other industry drivers are the acceptance of robotic surgery and precision medicine, clinical trials, and others.

Healthcare Artificial Intelligence (AI) Market Segmental Analysis

The global healthcare artificial intelligence market is segmented based on technology, components, applications, and end-user.

Based on the component, global artificial intelligence in the healthcare market is categorized into software, hardware, services.

Based on the application, the market is segmented into, clinical trial, virtual nursing assistant, dosage error reduction, preliminary diagnosis, robot-assisted surgery automated image diagnosis.

Based on the technology, the market is segmented into querying methods, machine learning, and natural language processing.

Based on the end-user, the market is segmented into pharmaceutical & biotechnology companies,hospital & diagnostic centers, academic & research laboratories.

Healthcare Artificial Intelligence (AI) Market Regional Overview

The global healthcare AI market, based on region, is divided into Europe, Asia-Pacific, the Americas, and the Middle East and Africa.

In 2017, the Americas accounted for the highest market share and were expected to lead the worldwide AI market for healthcare. Thanks to the rising biotechnology industry, developing cases of robotic surgery, and a well-developed healthcare system, the Americas is the largest regional market. The US has the highest number of registered hospitals in the region; however, a shortage of healthcare professionals is anticipated in the coming years. AI will aid with the monitoring of health records, medical care, and hospital technology software, and will further mitigate those issues. Furthermore, the aging population, declining healthcare workers in North American countries, growing demand for enhanced diagnostic and treatment facilities, growing demand for digital health systems, and substantial involvement of major AI technology and software developers in the area are other factors that support business growth.

In 2017, Europe accounted for the second-largest market share due to comprehensive healthcare AI R&D and expanded investment, as well as growing technological acceptance within the country.

Asia-Pacific is expected to report a healthy CAGR during the forecast period due to the growing therapeutic demand for chronic diseases and the rapidly shifting healthcare sector. On the other hand, due to less accessibility to health care, lack of knowledge, and rigid government rules and regulations, the Middle East and Africa are expected to see sluggish development.

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CAR T Cell Therapy Market Size, Share, Outlook and Challenges Till 2027

 Global CAR T Cell Therapy Market Report 2020, Size, Share, Growth and Industry Analysis by Target Antigen (CD19, CD22 and others), Application (Acute Lymphoblastic Leukemia, Diffuse Large B-Cell Lymphoma and others) and Region – Forecast till 2027

CAR T Cell Therapy Market Segmentation

The Market Research Future’s CAR T cell therapy market report provides an inclusive segmental analysis of the CAR T cell therapy market on the basis of target antigen and application.

By target antigen, the CAR T cell therapy market has been segmented into CD22, CD19, & others. Among these, the CD19 target antigen segment will lead the market over the forecast period. It was valued USD 342.56 million in 2018.

By application, the CAR T cell therapy market is segmented into diffuse large B-cell lymphoma, acute lymphoblastic leukemia, and others. Of these, diffuse large B-cell lymphoma will have a major share in the market over the forecast period.

CAR T Cell Therapy Market Regional Analysis 

By region, the global CAR T cell therapy market covers the growth opportunities and recent trends across Europe, the US, China, and the Rest of the World. Of these, the US will dominate the market over the forecast period for the rapid development along with the launch of novel therapies by top industry players to treat cancer, and huge patient pool suffering from cancer.

The CAR T cell therapy market in Europe is predicted to hold the second-largest share over the forecast period for extensive research & rising investment to develop cancer therapies, and rising prevalence of hematologic cancer especially multiple myeloma, lymphoma, and leukemia.

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The CAR T cell therapy market in China is predicted to have significant growth over the forecast period for the increasing disposable income and developing healthcare infrastructure. Besides, the rising number of CAR T cell therapy market companies signing and collaborating research and manufacturing contracts with the region’s local players for these therapies are also adding market growth. Cesca Therapeutics, for instance, signed an agreement in March 2018 with Boyalife Group in China for CAR-T cell-related manufacturing outsourcing, development, and bioprocessing.

The CAR T cell therapy market in the RoW is predicted to have stable growth over the forecast period.

CAR T Cell Therapy Market Analysis

The CAR T cell therapy market size is predicted to touch USD 8716.06 million at a 58.52% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report. CAR T cell therapy is amid the biggest breakthroughs and most promising treatment for cancer patients after chemotherapy. It is a form of immunotherapy where physicians gather immune cells from the patient, modify the same in the laboratory, and offer them the power to recognize as well as kill cancer cells easily, along with infusing the same back into that patient. These infused cells multiply and remain in the patient’s body as living drugs. Short treatment time is one of the key benefits of CAR T cell therapy.

Numerous factors are adding to the CAR T cell therapy market demand. Such factors, as revealed by the latest MRFR report, include an increasing number of cell therapy clinical studies, growing pharmaceutical industry, technological advances for reliable and advanced treatment for cancer, and rising incidence of cancer both in adults & children worldwide. Additional factors adding to the CAR T cell therapy market growth include increasing initiatives by the government to promote cell therapy research in cancer and improve health care infrastructure and increasing approvals of CAR T cell therapies.

On the contrary, high treatment costs and certain side effects that may cause CRS (cytokine release syndrome) and other forms of neurological problems, including delirium, hallucinations, coma, and seizures, are factors that may limit the CAR T cell therapy market growth over the forecast period.

CAR T Cell Therapy Market Key Players

Eminent players profiled in the CAR T cell therapy market report include Mustang Bio (US), Sorrento Therapeutics (US), Legend Biotech (US), Juno Therapeutics (US), Autolus Therapeutics PLC (UK), CARsgen Therapeutics (China), Cellectis (France), Pfizer, Inc. (US), Kite Pharma (US), and Novartis AG (Switzerland).

CAR T Cell Therapy Industry News

March 2020: Tessa Therapeutics’ CD30-targeted CAR T-cell therapy has received RMAT designation by US FDA to treat refractory or relapsed classical Hodgkins lymphoma. Its benefits comprise early detections together with sponsors.

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Medical Marijuana Market Insights, Emerging Trends and Landscape By 2027

 Medical Marijuana Market Segmentation:

The global Medical marijuana market can be segmented by application, route of administration and distribution channel.

On the basis of application, the medical marijuana market includes Alzheimer’s disease, cancer, mental health conditions, multiple sclerosis, muscle spasms, glaucoma, and human immunodeficiency virus, acquired immunodeficiency syndrome (HIV/AIDS). Mental health conditions can further be segmented into schizophrenia and posttraumatic stress disorder (PTSD).

Based on the route of administration, the medical marijuana market can be segmented into oral, topical, inhalation and sublingual. The segment includes ointments, lotions, creams, gels, and poultice.

The medical marijuana market, by distribution channel, comprises dispensaries and online platforms.

Medical Marijuana Market Regional Analysis:

Geographic analysis of medical marijuana market can be segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas is running in the forefront with various improvisation and researches getting implemented in the healthcare sector. Canada and the U.S. are substantially contributing in the growth of the North American regional medical marijuana market, and the medicines are getting approved by FDA which is a positive sign for the future market. The APAC can also register considerable growth as the region is making significant progress in cancer research with marijuana. The European market is the second largest market with eased out government policies and increasing support from various sectors.

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Medical Marijuana Market Overview:

medical marijuana market is witnessing unprecedented growth due to its rapid proliferation in the healthcare sector. Its chemical component, known as cannabinoids, has medicinal properties which are gaining traction in pharmaceutical researches. The global medical marijuana market can expect a CAGR of 35.4% during the forecast period, reveals Market Research Future (MRFR) in an extensive study that includes market factors such as the detailed study of government initiatives, its increasing use in therapeutic applications. Rising cases of chronic diseases, and hike in investment by both private and government facilities regarding research. Furthermore, the report incorporates segmental analysis for a better understanding of the medical marijuana market in coming years.

On the flip side, stringent government policies can pull back the regular growth of the medical marijuana market. Its increasing recreational use may dampen its market prospect and jeopardize further growth.

Medical Marijuana Market Trend:

Clean Green Biosystems is pioneering a new extraction process with the integrated cryo ethanol extraction process. The system comprises American Society of Mechanical Engineers (ASME) and Current Good Manufacturing Practice (cGMP) process that includes equipment like the extractor, shell, tube heat exchanger, condenser, pumps, and other accessories. The process is expected to enhance the efficiency of the entire cannabinoid extraction process.

Creso Pharma’s anibidio, a hemp-based product is revolutionizing pet care by increasing the immunity level of pets and moderating pet behavior. The product exhibits excellent tolerance and safety measures.

Medical Marijuana Market Insight:

The global medical marijuana market is banking heavily on investments made by different sectors. As a countermeasure for increasing prevalence of chronic diseases, this market is getting prominence and is expanding. For instance, Aurora Cannabis, Inc. is planning to acquire ICC Labs Inc., South American market giant, in a bid to expand their market. The company is also planning to buy its market rival MedReleaf.

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Some of the key players in the global medical marijuana market are Canopy Growth, Aurora Cannabis, Inc., Cannabis Sativa, Inc, GW Pharmaceuticals plc, United Cannabis, MGC Pharma, Aphria, Inc., Tilray, Emerald Health Therapeutics [Canada] Inc., GBSciences, Inc., CanniMed Ltd., Medical Marijuana, Inc, Cara Therapeutics, and Greengro Technologies.

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Life Science and Analytical Instruments Market Trends, Insights and Landscape | Forecast to 2027

 Life Science & Analytical Instruments Market Key Drivers and Barriers

Pharma companies are grappling with the challenges posed by the COVID-19 outbreak, by trying to fulfill the growing demand for vital medical products among patients. Apart from this, companies are also tasked with the job of creating advanced therapeutics as well as vaccines to treat SARS-CoV-2. The situation has been aggravated by the massive disruption to the supply chains and manufacturing units, while many of the workers are trying to adjust to the remote working model post the lockdown. This has drastically affected the lab capacity worldwide. The life science industry is presently focused on developing treatments and vaccines for the novel coronavirus, while also boosting the production of ventilators, pumps and diagnostic devices.

On the other hand, the pandemic has been opportune for the consumer health segment of the life sciences industry, as more and more consumers are stocking up on various over-the-counter medicines along with sanitizers. In the long run, the Life Science & Analytical Instruments market  can emerge stronger, in light of the rising interest of consumers in items that support hygiene, health and wellbeing. Another major trend in recent times can be the escalated use of digital technologies, altering the way healthcare professionals interact with patients by facilitating better care. Speaking of digital technologies, drones are observing rampant demand in the healthcare industry, as they are used for delivering various drugs with self-administration potential.

Analytical instruments have captured a considerable share in the global market over the years, following the expanding patient populace with diabetes, heart-related issues and cancer. This scenario has boosted the need for accurate and advanced diagnostic analytical tools. The massive pool of middle and small-sized firms in the market like Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Qiagen N.V. and Bio-Rad Laboratories, Inc., design and offer a variety of analytical instruments that accurately diagnose diseases, while providing efficient patient care with high speed and ease of use.

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Life Science & Analytical Instruments Industry Leading Competitors

Leading competitors in the worldwide industry include Qiagen (Germany), Merck KGAA (Germany), Danaher (US), PerkinElmer, Inc. (the US), Shimadzu Corporation (Japan), Becton, Dickinson and Company (US), Agilent Technologies, Inc (US), General Electric Company (US), Bio-Rad Laboratories, Inc.(US), Thermo Fisher Scientific (US), to list a few.

Life Science & Analytical Instruments Market Segmental Insight

The Life Science & Analytical Instruments market has been dissected in terms of type, application, and end-user.

The types covered in the market study include centrifuges, spectroscopy, microscopy, cell counting, next-generation sequencing, flow cytometry, electrophoresis, PCR, chromatography, and more.

Clinical and diagnostics applications, research applications and others are the main applications of life science & analytical instruments.

With respect to the end-user segment, the market caters to pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, among others.

Life Science & Analytical Instruments Market Regional Study

The Life Science & Analytical Instruments industry can be geographically considered for Asia-Pacific/APAC, the Americas, the Middle East & Africa/MEA and Europe.

In the coming years, the Americas can take the lead in the global market for life science & analytical instruments. The market growth in the Americas is the outcome of the drastic surge in the cases of chronic diseases, such as cancer and HIV. The rising number of lifestyle-based disorders, technological innovations in diagnostic systems, and the burgeoning elderly population in the region also adds to the growth momentum of the market.

Europe is expected to be the second highest gainer in the global market, with major growth to be observed in the Western and Eastern parts of the region. The Western European market is advancing rapidly in Germany, Italy, the UK, France, and Spain. Some of the key growth boosters in the market could be the thriving pharmaceutical and biotechnology industry along with the frequent number of clinical trials taking place in the region. The vast pool of academic organizations and research institutions present in the region also accelerates the market growth to a large extent.

With the fastest growth rate, the APAC market is racing ahead relentlessly thanks to the alarming rise in the cases of chronic disorders and acute diseases like HIV, diabetes and cancer. Given the huge number of proactive research organizations focused on clinical trials coupled with the constant upgradation of the healthcare infrastructure also fuels the growth of the life science and analytical instruments market.

The MEA market could potentially witness a steady growth in the global life science & analytical instruments market. However, it is the Middle East that could secure the top position, on account of the emerging countries like Saudi Arabia, Egypt, and more. Across these countries, the healthcare infrastructure is improving steadily, which can help the region maintain its global position. 

Life Science & Analytical Instruments Market Overview

Market Research Future (MRFR) reveals that the life science & analytical instruments market 2020 can presumably accrue a CAGR of 6.8% between 2018 and 2025 (evaluation period). The global market is also anticipated to touch USD 91,662.4 Million by 2025, adds MRFR. We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak.

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Life Science & Analytical Instruments Market Latest Updates

Scientists from the Air Force Research Laboratory, along with the Intelligence Advanced Research Projects Activity and University of Michigan-based researchers have created a chemical sensing device that is based on a gas chromatograph. This device helps detect ARDS/acute respiratory disease syndrome that is related to SARS-CoV-2.

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Osteosarcoma Market Dynamics, Outlook And Segmentation Till 2027

 Regional Analysis

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

Constantly increasing the patient population of cancer, increasing the number of cases in children, and increasing government support for research in the healthcare domain drive the Americas market growth and remains responsible for making it one of the largest global market.

Europe holds the second position in the market due to increasing development and more focus on healthcare domain. Countries such as Germany and France are investing more in research & development to develop new treatment methods for various types of cancer. According to the European Cancer Organization, incidence rates of cancer diseases including osteosarcoma have increased by 41% and 50% respectively between 1993-1995 and 2012-2014. It is one of the major factors responsible for the growth of the market in this region.

The Asia Pacific is expected to be the fastest growing region in the global osteosarcoma market owing to emerging player and focus of established players in this region. Moreover, developing countries such as India, China, and the Republic of Korea are focusing on research & development and minimizing barriers to drug approval, which is projected to boost the market growth in this region.

On the other hand, the Middle East & Africa owns the minimum market share of the osteosarcoma market due to less development in the healthcare services such as new and advanced diagnosis & treatment methods in healthcare domain.

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Segmentation

The global osteosarcoma market is segmented on the basis of types, diagnosis, treatment, and end user.

On the basis of the types, it is further segmented into intramedullary osteosarcoma, juxtacortical osteosarcoma, and extra-skeletal osteosarcoma.

On the basis of the diagnosis, the market is segmented into biopsy, X-ray, MRI, CT Scan, bone scan, and others.

On the basis of the treatment, the market is segmented into chemotherapy, surgery, radiation therapy, and others.

On the basis of the end user, the market is segmented into hospitals & clinics, cancer research centers, and others.

Market Highlights

The global osteosarcoma market is expected to grow at a CAGR of 6.40% during the forecast period 2017-2023. Osteosarcoma is a bone tumor that may occur in any bone of the body. Approximately 75% of cases, patients with osteosarcoma are between 15-25 years old. Male are more as often suffer from osteosarcoma than females.

Currently, chemotherapy for osteosarcoma is usually directed within prospective clinical trials. In drug treatment, doxorubicin is the first and most commonly used the drug for osteosarcoma patients. Cisplatin is the second most commonly used drug and is included in most of the protocols. High-dose methotrexate with leucovorin is the third most commonly used drug. These treatment methods are likely to boost the pharmaceutical industries resulting in the growth of the osteosarcoma market.

Taste the market data and market information presented through more than 128 market data tables and figures spread over 134 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Osteosarcoma market research report–Global forecast till 2023.”

Major Players in the Osteosarcoma Market

Some of the key players in the global market are Pfizer (U.S.), Novartis (U.S.), Spectrum Pharmaceuticals, Inc. (U.S.), Hikma Pharmaceuticals (U.K), Baxter (U.S.), Advaxis Inc., Bellicum Pharmaceuticals (U.S.), and Inc. Isofol Medical AB (Sweden).

Table Of Content 

Chapter 1. Report Prologue 

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Technology Trends & Assessment

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Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Pricing Analysis 

Chapter 6. Global Osteosarcoma Market, By Type Of Service

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Amniotic Membrane Market Growth, Sales, Cost and Profit To 2027

 Segments:

The Global Amniotic Membrane market is segmented on the basis of type, application, and end-users. On the basis of type, the amniotic membrane market is segmented as lyophilized amniotic membrane, cryopreservation amniotic membrane, and others. On the basis of application, the amniotic membrane market is segmented into ophthalmology, surgical wounds, stem cell biology, and regenerative medicine.  On the basis of end-user the market is segmented into specialized clinics centers, hospitals, ambulatory surgical centers, research institutes, and laboratory.

Regional Analysis:

The Americas dominate the Global Amniotic Membrane market owing to the rising market players focusing on varied applications of amniotic membrane; the increasing geriatric population also leads to rising patient population. Additionally, rising number of amniotic membrane transplant and wide availability of medical device manufacturers and pharmaceutical & biotechnology companies are fuelling the growth of global amniotic membrane market. According to CDC, around 19.6% population in the U.S. is likely to be 56 years and older. This rising aging population will increase the patient population leading to growth in amniotic membrane market.

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Europe accounts for a healthy market share due to factors such as rising healthcare networks and growing healthcare expenditure. Growing healthcare market and infrastructure is driving the Amniotic Membrane market in Europe. Additionally, according to Eurostat, Germany incurred healthcare expenditure over EUR 321 billion in 2014. Germany, France, and the U.K hold a significant share in the market due to the increasing demand for technologically advanced devices and treatment.

The Asia Pacific is expected to register the fastest growing rate for the Amniotic Membrane market. High growth rate is attributed to rising healthcare centers, skilled medical professionals, and rising standard of living. Additionally, rising patient population and demand for newer and better treatment is fuelling the market growth. India and China are the major contributors to the market growth due to the rapid development of healthcare sector and increasing healthcare infrastructure in these regions and increasing demand for new treatment services.

The Middle East & Africa is expected to witness limited growth due to limited access to healthcare services. In the Middle East, the growth of the market is driven by increasing healthcare infrastructre and demand for enhanced patient safety.

Market Highlights:

Amniotic Membrane is the inner layer of the placenta, which possesses various biological properties used to various defects, such as disorders of the outer eye, partial stem cell deficiency, corneal defects, chemical burns, conjunctivochalasis, pterygium, symblepharon, and various other ocular surface conditions. Amniotic membrane is used in various applications, such as regenerative medicine, ophthalmology, surgical wounds, and stem cell biology.

The Global Amniotic Membrane market is estimated to lead a healthy growth. The Global Amniotic Membrane market is majorly driven by increasing number of market players focusing on various applications of Amniotic Membrane, rising global aging population, increasing patient population, and rising healthcare expenditure. Varied applications of amniotic membrane are likely to drive the growth of global amniotic membrane market.

Additionally, rise in the number of amniotic membrane transplant performed, need for better and newer technologies, and improved healthcare facilities are propelling the growth of Global Amniotic Membrane market. Factors such as socio-ethical concerns and lack of awareness among mass is likely to hamper the growth of the Global Amniotic Membrane market. Global Amniotic Membrane market is expected to grow at a CAGR of 9.8% during the forecast period.

Key players

• Derma Sciences Inc.
• FzioMed, Inc.
• Alliqua BioMedical
• Skye Biologics Inc.
• IOP Ophthalmics
• Amniox Medical, Inc.
• MiMedx Group, Inc.
• Human Regenerative Technologies, LLC
• Tissue-Tech Inc.
• APPLIED BIOLOGICS
• Amnio Technology

BRIEF TOC:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

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Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

…TOC CONTINUED

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 Segmental Analysis:

The global spectral computed tomography (CT) market has been segmented on the basis of application, type, end-user, and region.

By mode of type, the global spectral computed tomography (CT) market has been segmented into electron beam tomography, spiral CT, positron emission tomography (PET), multi-slice computed tomography, single-photon emission computed tomography, and others.

By mode of application, the global spectral computed tomography (CT) market has been segmented into neurology, oncology, spine, cardiology, body imaging, musculoskeletal disorders, and gastrointestinal diseases.

By mode of end-users, the global spectral computed tomography (CT) market has been segmented into hospitals, diagnostic centers, and others.

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Spectral Computed Tomography (CT) Market – Regional analysis

Geographically, the spectral computed tomography (CT) market has been studied under America, Europe, Asia Pacific, and the Middle East and Africa.

Among all the regions, the American region is considered to dominate the global spectral computed tomography (CT) market due to the presence of huge patient population suffering from cardiovascular diseases, orthopedic diseases, and cancer. Moreover, the well-developed healthcare sector and the ever-increasing geriatric population have influenced the market in this region during the assessment period.

Asia Pacific is expected to be the fastest growing region and is likely to maintain its dominance in the coming years. The growth in this region is attributed to the presence of developing economies such as China and India. Moreover, the presence of huge patient population suffering from chronic diseases and huge opportunities have contributed to the market growth.

Spectral computed tomography (SCT) is referred to as a scanning technique which separates the energy into two or more energy bands in place of using one broad energy band of x-rays. The introduction of spectral computed tomography has transformed the diagnostic system by providing the radiologists a clearer view of any type of discrepancies in the organs of the body.

Competitive Dashboard:

The prominent players operating the global spectral computed tomography (CT) market are Trivitron Healthcare (U.S.), Pall Corporation (U.S.), Cleaver Scientific Ltd (U.K.), iCAD Inc. (U.S.), Siemens Healthcare Private Limited (Germany), PerkinElmer Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), NeuroLogica Corp (U.S.), Bio-Rad Laboratories Inc. (U.S.), Hitachi medical corporation (Japan), Shenzhen Anke High-tech Co. Ltd. (China), Xoran Technologies LLC (U.S.), Neusoft Medical Systems (Russia), Varian Medical Systems Inc. (U.S.), Thermo Fisher Scientific (U.S.), Shimadzu Corporation (Japan), Agilent Technologies (U.S.), and General Electric Company (U.S.).

Market Drivers and Restraint:

Spectral computed tomography is an upcoming scanning technique which may overshadow the applications of conventional computed tomography. Computed tomography holds a prominent place in medical imaging. It possesses the ability to create pictures of internal anatomy and transform them to film through diagnostic imaging. With growing incidences of cardiac diseases, orthopedic diseases, neurological diseases, and others, the global market for spectral computed tomography has flourished. The growing geriatric population, rapid advancements in the medical imaging devices, and launch of latest products have further propelled the market growth during the review period. The rise in unknown and novel diseases is also favoring the demand for clearer imaging techniques, thus fostering the market growth.

On the flip side, market saturation in the developed countries coupled with the adverse effects of X-rays is considered to impede the market growth in the coming years. Moreover, the high cost of the devices and lack of skilled physicians are anticipated to retard the market growth.

Industry Updates:

A leading global player in health technology, Royal Philips, in collaboration with the Singapore Institute of Advanced Medicine Holdings has officially opened the Advanced Medicine Imaging center at Biopolis, Singapore, which is recognized as an international biomedical research hub. Besides offering scientific R&D, specialized oncology care, and medical training for up-skilling the healthcare professionals, the facility is equipped with Philips’ IQon Spectral CT, a new generation Computed Tomography (CT).

Koninklijke Philips N.V. is one of them by holding a major share in the Spectral Computed Tomography (CT) market. The company offers magnetic resonance imaging, diagnostic imaging solutions, computed tomography, and diagnostic X-ray. In November 2016, Philips launched Philips IQon Spectral CT in Canada. The Philips IQon Spectral CT is the spectral detector CT which is specifically designed for spectral imaging. The product delivers on-demand colour quantification with an ability to characterize structures simply at a low dose.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/spectral-computed-tomography-market-1026

Siemens Healthcare GmbH is another renowned market player in the market. The company provides medical diagnostics solutions, healthcare equipment, and related services. Siemens offers products and solutions in the areas of laboratory diagnostics, healthcare IT, hearing instruments, and infrastructure, refurbished systems, and education and training, medical accessories, electronics, and others.

General Electric Company is a leading provider of medical imaging equipment. The product portfolio of company in Computed Tomography includes Revolution Frontier, Revolution EVO, Revolution CT, Revolution HD, Optima CT540, and others. Choosing one specific niche and making considerable investments in R&D as well as advertising is one of the key strategies of GE.

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