Tuesday 17 September 2019

Medical Ventilator Market SWOT Analysis | Application and Demand | Forecast To 2023

Medical Ventilator Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023.

The extensively conducted Medical Ventilator Market study by Market Research Future (MRFR) reveals that the demand for ventilators is increasing due to the amalgamation of various factors. A medical ventilator is an artificial respiratory assistance machine that is designed to provide ventilation to patients who struggle with breathing. Assisting individuals with their breathing is a highly delicate task, wherein the reliability and safety of the equipment is of utmost importance. Ventilators are primarily used in intensive care medicine, emergency medicine, home care, and in anesthesiology.

It provides mechanical ventilation by passing breathable air into and out of the lungs. Some of the major reasons behind needing a medical ventilator are Cystic Fibrosis, injury to the spinal cord, drug overdose, pneumonia or any other type of respiratory disease, stroke, Chronic Obstructive Pulmonary Disease (COPD), blood clot, during surgery that requires general anesthesia, lung injury, and while being in intensive care. Ventilators are either invasive or non-invasive and mechanical. The factors include the rising percentage of critically ill patients, prevalence of lifestyle-based disorders like respiratory issues and heart attacks, high occurrences of chronic illness among children, and the need for ventilators in emergency care. The expected market growth of Medical Ventilators is projected to be 7.9% during the forecast period.

However, amidst the market growth and proliferating demand, there lies a risk associated with the use of ventilation. Patients can be diagnosed with pneumonia if they are ventilated for a long period of time. Not to mention, pneumonia is one of the most common hospital-acquired infections.

Competitive Analysis
Some of the key players in the medical ventilators market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), Dickinson and Company (U.S.), Hamilton Medical (Switzerland), Allied Healthcare Products Inc. (U.S.), ResMed (U.S.), Teleflex Incorporated (U.S.), General Electric Company (U.S.), and Becton (U.S.)

Oct 2018, an Asahi Kasei Group company named ZOLL Medical Corporation, which manufactures medical devices and relevant software solutions, announced the introduction of Z Vent transport ventilator for usage in pre- and intra-hospital. The Z Vent possesses a simple Touch, Turn, and Confirm interface that makes ensures quick setting changes. The move is aimed at removing the complexity that is associated with various portable ventilators.
Nov 2018, world-renowned technology company announced that its V60 Plus Ventilator has received the CE Mark of approval. The Ventilator is designed to ensure optimal efficiency and enhance clinician workflow.

Market Segmentation
The market segmentation of the medical ventilators is segmented in terms of type and application.
By type, the market includes invasive, non-invasive, and mechanical ventilators. The non-invasive ones are further sub-segmented into pressure-cycled, volume-cycled, time-cycled, and flow-cycled ventilators. Mechanical ventilators are narrowed down into negative-pressure ventilators and positive pressure ventilators.
By applications, the market includes emergency care, critical care, neonatal care, and others.


Regional Analysis
The regional analysis of Medical Ventilators provides us with a better overview of the market. The market comprises of four major regions: Asia-Pacific, the Middle East & Africa, Americas, and Europe.
Americas is the largest market player of medical ventilators worldwide with over 60% of the global share due to a number of factors. The increasing incidences of lifestyle-based diseases leading to disorders like asthma, bronchitis, chronic obstructive pulmonary diseases, and other disorders are driving the market growth in this region. Additionally, an increasing percentage of patients in critical state, increasing surgical procedures, rising smoking addiction, and the presence of a wide array of medical device manufacturers in the US are all key factors boosting the market growth.

Europe comes in second in terms of market growth and much of it can be attributed to the growing population of chronic respiratory diseases, demand for mechanical ventilators, and other factors.
Asia Pacific is slated to be the fastest-growing regional market. The wide-spread prevalence of respiratory and chronic heart diseases, threatening environmental pollution, and the presence of a large patient pool are all projected to contribute to the growth of the market herein. Lastly, the Middle East & Africa is expected to show slow and steady progress during the assessment period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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Medical Billing Market Dynamics | Trends and Insights | Forecast To 2023

Medical Billing Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023
Market Research Future (MRFR) in its recently published study report mentions that the global Medical Billing Market will rise to witness a spectacular growth by 2023, growing at a CAGR of 6.5% during the review period 2017-2023. Medical billing, a payment practice involved in receiving payments, submitting bills and payment follow-up is witnessing a wide uptake across the healthcare sector, evolving rapidly with the technological advancements. Over the past few years, while, the healthcare sector is booming and perceiving increasing healthcare expenditures all around the world, some concerns pertaining to the billing and reimbursement are growing too.
Those raising concerns include increasing cases of fraud billings, disputes, and prolonged reimbursement processes.  Simultaneously, there is a huge demand to control those concerns to enhance patients’ experience and thus their quality of life by offering them some peace over these disruptive environments. The cumulative effect of these two factors is supporting the growth of the medical billing market. Furthermore, the advancement in Information technology is escalating the market on the ascending levels on the global platform.
Considering the phenomenal growth prospect demonstrated by the market,
The market is expected to perceive a steady growth over the next five years, as the growing geriatric population creates demand via Medicare. Furthermore, the number of insured people will rise in line with healthcare reform, as people with pre-existing conditions can receive insurance. The growing senior population will keep driving demand for the medical services over the next five years, helping the revenue to blossom.
Increasing implementation of several healthcare IT platforms poses a significant impact on the acceptance and growth of this market. The factors such as efforts to contain and decrease in-house processing costs, the requirement of error minimization, meeting federal mandates to implement digital record-keeping by healthcare providers, and changing healthcare regulations are projected as market growth propelling factors. Implementation of RCM by medical providers has improved their cash flow, reduced claim denials, and helped them gain an analytical approach to allocate resources and ensure effective revenue management.
Additional factors that influence the growth of medical billing market are the increased expenditure in healthcare, increasing use of the Internet, increased need for risk and compliance management, increasing digitalization in the healthcare industry and many others.  However, the factors such as high costs of technology, the reluctance of providers to provide patient records to third-party sources may hamper the growth of the market.
Medical billing sometimes also referred to as revenue cycle management (RCM), includes the most complex and crucial components of the healthcare IT business. Due to the lack of expertise in tackling new payment models and revenue management tools; current systems in practice for managing revenue are becoming outdated with the time. Providers are confronting with the challenges while managing the flooding claims and reimbursements, resulting in huge losses.
The emergence of updated technological solutions, increasing government requirements, and bad debt &uncollectible accounts have induced a new trend leading to the increased preference for medical billing outsourcing by several healthcare providers.
Global Medical Billing Market – Segmentations
MRFR analysis is segmented into four key dynamics for the enhanced understanding;
By Types: Comprises Professional Billing, and Institutional Billing, others.
By Applications: Database Management, Financial, Infrastructure, and Operational among others.
By Processes: Electronic Billing, Payment and Medical Billing Services among others.
By Regions:  North America, Europe, APAC and Rest-of-the-World.
Global Medical Billing Market – Regional Analysis
Globally, North America accounts for the leading market for Medical Billing. Countries like U.S. and Canada play a vital role in the growth of this market. Increasing demand to curtail the medical bills that are skyrocketing currently. Higher per capita healthcare expenditures and rising R&D funding to develop new technologies are some of the major factors supporting the growth of the market in the region. Furthermore, the extensive growth of the information technology in the healthcare industry is also one of the factors driving the growth of the market.
Europe is expected to be the second-largest market and is expected to show extensive growth throughout the forecast period. Factors such as the financial support from the government for research and development activities and growing emphasis on transparent billing methods in the region drive the market growth.
Furthermore, Asia Pacific Medical Billing market is emerging as one of the lucrative markets. Increasing occurrences of chronic diseases, coupled with the increasing incidences of billing frauds in the region are the major driving forces for the growth of the market.
Global Medical Billing Market – Competitive Analysis
Key Players are focusing on streamlining their offerings and pinpoint areas that would lead to cost improvement. Rising demand for medical claims processing services has attracted new entrants to the industry. A Large number of healthcare providers are shiftuing to end-to-end outsourcing firms to manage their billing processes effectively.
Recognizing the financial benefits offered by the outsourcing firms, the providers are relying on billing service providers to handle high-volume transactions and maximize their operating margins. As these practices are being standardized; healthcare providers are realizing their benefits.
Key Players:
Identified and profiled in MRFR analysis; the key players that are involved in global medical billing market are TCS (India), Accenture (US), AGS Health (India), GeBBS Healthcare (US), Cognizant Technology Solutions (US), Genpact (US), INFINIT Healthcare, HCL Technologies (India), and Medusind (India) among others.
Industry/Innovation/Related News:
DrChrono (US), a leading provider of the best EHR, practice management, medical billing and RCM experiences, announced its partnership with Stitch Health (US), a platform for care coordination to provide Y Combinator portfolio.
AdvancedMD (US), a leading global provider of Rhythm, an end-to-end cloud platform that automates all aspects of clinical and business workflow for medical billing services and independent physician practices, announced the acquisition of Marietta, (US), a leading provider for Nuesoft Technologies (NueMD). The transaction is expected to add to AdvancedMD’s leading market position, extending the feature and functionality for both companies to be able to provide practices across the broader ambulatory market.
Cedar Inc. (US), a patient billing startup, personalizing the medical billing experience announced receiving funding of 36 Mn. USD from a group of venture capitalists.
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Blood Glucose Test Strip Market Share, Size and Future Outlook | Forecast To 2020

Blood Glucose Test Strip Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2020

The Blood Glucose Test Strip Market is presumed to garner USD 18.5 billion during the forecast period (2015-2020). The market is presumed to register 6.2 % CAGR owing to the increasing diabetic population, asserts Market Research Future (MRFR). Blood glucose test strip can be referred to as a small non-reusable plastic strip. It is a crucial component of blood glucose meters that helps to monitor and control diabetes.

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


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

Global Blood Glucose Test Strip Market: Segmental Analysis
The blood glucose test strip market has been segmented on the basis of technology, distribution channel, and region.
By mode of technology, the global blood glucose test strip market has been segmented into optical, thin film electrochemical, and thick film electrochemical.

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

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

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


Europe is estimated to hold the second position in the global market and is likely to maintain its dominance during the review period. High healthcare expenditure led by France and Germany is anticipated to drive the global market.
The Asia Pacific region is presumed to expand at a rapid pace owing to the presence of major regions such as India and China which are expected to lead the market due to unmet needs. This region is presumed to expand at 12.9 % CAGR owing to the growing number of diabetic populations.

Industry Updates
Ascensia Diabetes Care has recently announced the expansion of its strategic alliance with the Insulet Corporation which is a leader in tubeless insulin pump technology. The expansion follows the worldwide non-exclusive development agreement that Ascensia had announced, to connect its CONTOUR NEXT ONE blood glucose monitoring system with Insulet's next-generation Omnipod System.

Competitive Dashboard
The major players operating the global market are Apex Biotechnology Corp, Shanghai MicroSense, ALL Medicus, Beijing Yicheng Electronics, Elektronika, Nipro Diagnostics, Bayer Diabetes Care, B. Braun, LifeScan, ACON Laboratories, Jiangsu Yuyue, HMD BioMedical Inc., TaiDoc, Betachek National Diagnostics, Roche Diagnostics, i-SENS, Universal Biosensors, Abbott, SANNUO, AgaMatrix Inc, and others.

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Friday 13 September 2019

Ticagrelor Market Profile | Demand, Cost and Profit | Forecast To 2027

Ticagrelor Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2027

Ticagrelor is an antiplatelet drug which is a member of a section of pharmaceuticals which tackle the problem of platelet aggression. The global Ticagrelor Market is expected to grow at a healthy growth rate during the forecast period 2017-2027. The major factors influencing the growth of the market include high patient pool suffering from heart problems, increasing development in the product by the companies, commercialization and improving market access scenarios and funding for research and development by the market players and many others. Moreover, there is a huge opportunity in developing countries that is grabbed by various market players for expanding their presence in the region. The Ticagrelor market is forecasted to demonstrate a double-digit growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017 – 2027.

Global Ticagrelor Market Competitive Analysis

AstraZeneca, Eli Lilly, Boehringer, Ingelheim, Pfizer, Amgen, Merck, Roche, GSK, Alexion, Boehringer, Ingelheim Pfizer, Amgen are some of the prominent players at the forefront of competition in the Global Ticagrelor Market and are profiled in MRFR Analysis. 

Characterized by the presence of several well-established and small players, the global Ticagrelor market of appears to be highly competitive and fragmented. With well-established Ticagrelor market in the North America region major companies like AstraZeneca Eli Lilly, Pfizer, GSK, Pfizer, Amgen and various others have their home in the region and generate maximum ticagrelor market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover, the other small and medium scale players are generating revenue from local market.


There has been increasing development in the product and commercialization of the product.  AstraZeneca’s a Swedish multinational pharma and biotech involved in the production since the beginning. Brilinta the company’s product in 2016 generated a sales of about $ 839 million. The product perceived 45% year on year (YoY) revenue growth in the United States and about 15% year on year increase in sales in the European market. The increase in the product revenue is majorly due to changes in the brand name of the competitor product as well as growing use of Brilinta by patients discharged from hospitals in European region. More over the development in Brilinta with the launch of 60-mg version of Brilinta, which in 2016 accounted for 10% of the total prescriptions of the drug in the United States. This development and improving market access for the product is expected to increase the growth of the revenue in 2017 as well. It is expected that the product Brilinta by AstraZeneca to exceed the $ 1.0 billion sales in 2017 and turn out to be a blockbuster therapy.

AstraZeneca furthermore concentrating on commercialization of the product in order to increase product availability across the globe. AstraZeneca announced the collaboration of Sun Pharmaceutical Industries Ltd., according to the agreement the company Sun Phrma agreed to distribute AstraZeneca’s new brand of ticagrelor “Axcer” in India. Sun Pharma is and India's top pharmaceutical company and the world's 5th largest specialty generic pharmaceutical company. This collaboration will authorize AstraZeneca to enhance usage of this molecule through wide reach to doctors and thereby helping a greater number of ACS patients.

Global Ticagrelor Market Regional Analysis

The global ticagrelor market is segmented into the various regions including Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest ticagrelor market share of about more than ~40% of the market share due to extensive use product by the patients discharged from hospitals in the regions, major manufacturers developing the product in the region.


Europe is the second largest ticagrelor market followed by Asia Pacific. However, Asia Pacific market is expected to grow at the fastest growth rate due to awareness of ticagrelor, Asia Pacific accounting for more than 60% of the global population and increasing cardiovascular patients. Particularly, India and China are anticipated to be a growing and the fastest growing market. Many major players seeking opportunity and expand their presence in this region influencing the growth of the ticagrelor market.   

The Middle East & Africa holds the least share in the ticagrelor market due to lack of awareness, less market access scenarios activities, and poor medical facilities.

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Wednesday 11 September 2019

Cosmetic Surgery Market Profile | Dynamics and Key Players| Forecast To 2023

Cosmetic Surgery Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023

The Cosmetic Surgery Market is thriving on various social and cultural factors. Cosmetic surgery is a medicinal discipline where the focus is on improving the look via surgical and medical technique. It can be performed on any part of the body. The aesthetic appeal it adds is helping the market gain attention from diverse sectors. The global cosmetic surgery market can expect a lead by 7.8% CAGR during the forecast period (2017-2023) and reach a valuation worth USD 21.97 billion by the end of 2023. Market Research Future (MRFR) revealed this information in a recently published article and focused mainly on impacts that the drivers can have on the market in the coming years, along with detailed segmental analysis and the latest updates of the competitor portfolio. This approach is to provide a holistic report that can help in the understanding the cosmetic surgery market in the coming years.
The cosmetic surgery market can expect to get driven by the impacts of media, fashion, and other cultural scenarios. Recent trends and publicity are forcing may adopt these aesthetical tweaks that can uplift the appearance of a person. It is getting further thrust from the emerging medical tourism hubs like Miami and Bangkok, where the infrastructure for such treatments are widely available and at times, in a cost-effective package. High disposable income is backing the sudden demand for such surgeries. Social media and photography are also promoting the cosmetic surgery market substantially. These two fields are leading people into assessing themselves, and there, appearance becomes of chief importance which triggers the growth in the patient pool for such surgeries.


Segmentation:
MRFR segments the global cosmetic surgery market surgical procedures and non-surgical procedures.
Based on the surgical procedures, the cosmetic surgery market can be segmented into lipoplasty, cosmetic ear surgery, gynecomastia treatment, cosmetic eyelid surgery, abdominoplasty, breast augmentation, breast reduction, and breast lift. Breast augmentation and lipoplasty are at present, the most popular surgeries.
Based on the non-surgical procedures, the cosmetic surgery market comprises laser therapy of leg veins, laser hair removal, cosmetic injectables, sclerotherapy, and skin rejuvenation. Cosmetic injectables can retain its lead during the forecast period. The segment can further be sub-segmented into calcium hydroxyapatite, botulinum toxin type A, hyaluronic acid, poly-l-lactic acid, and collagen. Skin rejuvenation segment includes intense pulsed light laser treatment, Fraxel, chemical peel, noninvasive tightening, and dermabrasion.

Regional Analysis:
Geographically, the cosmetic surgery market spans across North America, Europe, Asia-Pacific, Middle East, and Africa.
North America has the maximum market share, and that can be attributed to the presence of the U.S. With its solid infrastructure and healthcare system, the U.S. is constantly ticking all the growth parameters to mount higher. Advanced technologies used by the region, the U.S. accounts for the largest market share for cosmetic surgery and is expected to maintain its dominance over the forecast period. Advanced technology implemented in the procedure is impacting the growth substantially. At the same time, increasing awareness and rising acceptability of the plastic surgery can be seen as major influencers.


The APAC region, with countries such as Japan, China, and India, can emerge as the fastest growing region. Eyelid surgeries and breast implementation are gaining popularity in Japan. Various developing countries are looking at medical tourism as an option to better economic condition.

Competitive Landscape:
Notable players profiled in the report of the cosmetic surgery market are Valeant Pharmaceuticals International, Cutera, Inc., Johnson & Johnson, Syneron Medical Ltd., Genesis Biosystems, Inc. Allergan, Inc., and others.
In 2018, French scientists developed a computer-aided design (CAD) technique that can be used to develop customized silicone implants to treat Poland syndrome. Poland syndrome is a disease where the pectoralis major muscle is missing from the chest or mal-formed which disfigures the chest. The technique would help in chest restoration.

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Orthopedic Devices Market Trend Analysis | Supply and Segmentation| Forecast To 2023

Orthopedic Devices Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023

Acknowledging the kind of traction, this market witnesses, Market Research Future (MRFR) in its recently published study report asserts that the global Orthopedic Devices Market is projected to reach USD 58,814.6 MN by 2023 registering approximately 4.3 % CAGR during the review period (2017 to 2023).  In the year 2017, the market had valued USD 43,802.1 MN.

The orthopedic devices market is growing pervasively, witnessing an exponential growth backed by the increasing investments in the R&D activities. Healthcare segment extensively absorbs orthopedic devices for a range of surgical applications such as implants.  Over the past decade, orthopedic devices have significantly evolved. As a result, the market is garnering huge traction.


Additional factors substantiating market growth include the growing population and urbanization worldwide. Improving economic conditions provide impetus to market growth, enabling access to the quality of life & the improved healthcare. Seminal efforts and investments put in the development of innovative devices, by the key market players are fuelling the market growth. Besides, initiatives taken by the Government are playing a major role in fostering market growth.

On the other hand, factors such as low awareness among people about the advantages of these devices along with the high cost associated with the orthopedic devices are likely to impede the market growth. Also, the skepticism of physicians towards the advancement & efficacies of these implants affects the market growth negatively. However, the demand for sophisticated implants by the physicians and patients, in turn, would contribute to the market growth to a great deal.

Key Players:
The fervent players leading the global orthopedic devices market include Globus Medical, Inc. (US), DePuy Synthes Companies (US), Medtronic (Republic of Ireland), Smith & Nephew plc. (UK), NuVasive, Inc. (US), Zimmer Inc. (US), and Stryker Corporation (US).


Global Orthopedic Devices Market   – Segmentations
MRFR has segmented the analysis into four key dynamics for the convenience of understanding;
By Type: Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, and Bone Repair among others.

By Application: Spine, Trauma & Extremities, Knee, Hip, Foot & Ankle, and others.

By End-user: Ambulatory surgery centers, Hospitals, and Medical research center among others.
By Regions:  Europe, North America, APAC, and the Rest-of-the-World.

Global Orthopedic Devices Market   – Geographical Analysis
The North American region dominates the global orthopedic devices market mainly due to the huge per capita healthcare expenditures followed by the European and Asia Pacific region. The North America orthopedic devices market is expected to continue with its dominance in the years to come owing to the favorable government regulations coupled with the increasing integration of orthopedic devices in the region.

At the same time, the increasing prevalence of different orthopedic surgeries, along with the increasing geriatric populace boost the market growth in the region, leading to an increase in the patient population. Furthermore, well-spread awareness among people, towards the benefits of biodegradable products and the rising demand for technologically advanced treatments and products enhance the growth of the orthopedic devices market in the region.

The European region accounts for the second-largest market for orthopedic devices attributing to the increased research and development activities in the field heading with the government support.  Besides, the availability of innovative treatment facilities and rising research activities in the field of development of orthopedic devices is expected to foster the market. Also, the increasing number of orthopedic surgeries alongside the rising awareness towards keeping good health is fuelling the market growth in the region.

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Monday 26 August 2019

Micro Pump Market Insights | Dynamics and Growth | Forecast To 2023

The global Micro-Pump Market overview by Share, SWOT Analysis, Size, Segmentation, Emerging Trends, Future Outlook, Applications, Insights, Profile, key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023

Micro-Pump Market has been evaluated as rapidly growing market and expected that the market will reach high growth figures. Micro-pumps have been playing a crucial role in the pharmaceutical industry for last few years. Especially in the processes such as drug discovery, development and delivery. The ability of micro-pump to provide a controlled flow of fluids and controlled delivery of drug dosage into the body of the patients are the major factors boosting the demand for such techniques. This has led to the improved healthcare management and better medical outcomes.
Growing demand for micro-pump technology in the medical and pharmaceutical industry has played an important role in the growth of the micro-pump market. Point of care testing is increasing widely due to lifestyle changes, aging population, and growing chronic diseases. Point of care testing (POCT) involves the performance of a test close to the site of patient care to provide immediate results outside the conventional laboratory environment. The role of micro-pumps has been instrumental in the point of care services. Additionally, different types of materials are used to manufacture different micro-pump in order to ensure their compatibility with the extensive range of fluids.

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Due to these innovations in the material mix of microfluidic pumps, the opportunities for new entrants is increasing in the market, thus driving the growth of the overall market. Proper drug delivery is the most important part of the drug administration. There has been rising awareness about the importance of the controlled drug delivery. Efforts are being taken to provide treatments for diseases like osteoporosis, infertility, Parkinson, Alzheimer, multiple sclerosis, among others through micro-pumps which will enhance the growth of the micro-pump market.

Global Micro-Pump Market Players:
The major participants of this market are Advanced Microfluidics SA, Alldoo Micropump, Bio-Chem Fluidics, Cole-Parmer Instrument Company LLC., Dolomite Centre Ltd, IDEX Corporation, KNF Neuberger Inc., Microfluidica LLC, Servoflo Corporation, Takasago Electric Inc., TOPS Industry & Technology Co. Ltd., World Precision Instruments, Xavitech and others.

Segmentation: 
Micro-pump market has been segmented based on types which comprises of mechanical and non-mechanical. Based on industry, market is segmented into pharmaceutical, medical devices, in-vitro diagnostics and others.

Micro-Pump Market Regional Analysis:
Depending on geographic region, micro-pump market is segmented into four key regions: North America, Europe, Asia Pacific, and Rest of World. Globally North America is the largest market for micro-pump. The North America market for micro-pump is expected to grow at CAGR 17.6% during the forecasted period. Europe is the second-largest market for micro-pump which is expected to grow at a CAGR of 17.4%. Asia-Pacific region is expected to be fastest growing region in micro-pump market.

Table Of Contents:
  • Report Prologue
  • Market Introduction
  • Research Methodology
  • Market Dynamics
  • Market Factor Analysis
  • Global Micro Pump Market By Type
  • Global Micro Pump Market By accessories
  • Global Micro Pump Market By Application
  • Competitive Landscape
  • Company Profiles
  • Appendix
  • List of Tables
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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Ultra-low Temperature Freezers Market Profile, Trends and Applications By 2027

  According to the MRFR reports, the global   ultra-low temperature freezers market   is projected to acquire a market size of approximately...