Friday 3 January 2020

Artificial Retina Market Key Companies Profile, Applications and Trends | Forecast to 2023

Artificial Retina Market Size, Growth and Trends Analysis, By Type of Retinal Implant (Epiretinal Implants, Subretinal Implants), Top Leading Players, Regional Insights and End User, Forecast To 2023
Market Overview

The Global Artificial Retina Market size is projected to reach USD 102.9 million at a CAGR of 2.1% 2023 says Market Research Future (MRFR). The improved detection methods for blindness has led to the development of solutions that can treat or prevent total blindness in individuals. Artificial retina market size is expected to witness significant growth owing to escalation in the number of cases related to retinal degeneration and rising investment towards the research and development area of the market is expected to play a vital role in generating novel growth prospects in the forecast period.

Artificial Retina Market Segmentation:
Global artificial retina market is segmented based on
  • Type
  • End use
  • Region
By type, the artificial retina market is segmented into retinal implants, the retinal implants is further segmented into subretinal implants and epiretinal Implants.
By end user, the artificial retina market is segmented into research laboratories, eye hospitals, and others.
By regions, the artificial retina market is segmented into Europe, the Americas, Asia Pacific, and the rest of the world.

Artificial Retina Market Regional Insights     
The regional evaluation of the artificial retina market covers regions such as Europe, the Americas, Asia Pacific, and the rest of the world. The North American region is estimated to be the major market for artificial retinas. The European region market is also rising and is the next major market in the artificial retina market. On the other hand, the Asia Pacific market is projected to develop at a swift pace in the artificial retina market through the forecasted period. The rest of the world segment is expected to have restricted but stable growth in the artificial retina market in the period of the forecast.

Artificial Retina Market Competitive Analysis
The amplified demand levels prevailing in the artificial retina market are expected to induce a sustainable business environment fostering constructive progress. The favorable alignment of the consumer buying patterns is expected to increase the rate of advancement of the market. The positive shift in regulations in the market is anticipated to create a conducive environment for progress in the coming years. The incidence of favorable market prospects is anticipated to further create profitable growth outcomes in the artificial retina market. The artificial retina market is expected to exhibit an increased growth momentum due to the presence of positive market growth indicators. The synchronization achieved in terms of the micro and macro growth factors is projected to strengthen the artificial retina market expansion further. A significant ascent in the number of promoters in the market is estimated to craft a beneficial for the development of the market in the projected period.

The top players in artificial retina industry are Nano Retina (Israel), PIXIUM VISION (France), SECOND SIGHT (US), Retina Implant AG (Germany) and Bionic Vision Australia to name a few.

Industry Updates:
A research team has recently demonstrated that high-performance filter less artificial human photoreceptors can be created by integrating a fresh optical metal/dielectric/metal microcavity structure with vacuum-deposited perovskite photo response devices. The artificial photoreceptors demonstrate exceptional performance comparable to the human eyes such as low noise and high dynamic range. Some features, such as the response time, even better the response from biological human photoreceptors.

Scientists have created an ultrathin artificial retina that could offer a better substitute to the visual implants presently available to the blind. The invention could allow millions of people with retinal disease to recover their sight. Also, the implant could be used to supervise activity in the brain and heart. 2D materials such as molybdenum desulphated and graphene were used to create an artificial retina.

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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +16468459312
Email: sales@marketresearchfuture.com
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Saudi Arabia Medical Devices Market Dynamics, Outlook And Segmentation | Forecast to 2023

Saudi Arabia Medical Devices Market Size, Growth and Insights by Product type (Monitoring Devices, Diagnostic devices, Diagnostic Molecular Devices, Drug delivery devices, Surgical Devices, Bio implants and Stimulation Devices, Automation and Robotics), Therapeutic Application (General Surgery, Diagnostic Imaging, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Nephrology and Urology) and End User (Hospitals, Ambulatory and Home) – Global Forecast to 2023

Market Highlights:
The Saudi Arabia Medical Devices Market Size is expected to grow at a CAGR of 9.5% during the period 2017 to 2023. A medical device is any instrument, appliance including any software, biologic or non-biologic material, to be used for the diagnostic or therapeutic use for management of diseases and disorders.

The medical device industry witnessed one of the fastest growths propelled by innovation and rapid uptake of technologies. The medical devices industry has also resulted in the successful fusion of information technology and healthcare. Technology and product development remain the main pillars for the growing market for medical devices. The market involves two segments one high-tech devices with extreme sophistication, and another is the low-tech improved devices. The high-tech segment such as diagnostic imaging devices is witnessing higher rates of growth. The low-tech segment is also growing at a good rate but has witnessed growth in developing regions as the market for these in developed regions is stagnant. The other market driving factors are rising public healthcare expenditure in Saudi Arabia, development of large hospitals such as King Faisal hospital in Riyadh, demand for noninvasive therapy etc.

The market constraints are strict and ambiguous regulatory framework, growing concern for security especially data security, differential availability between developed and developing regions, connectivity issues in Saudi Arabia, the interference Sharia courts etc.

The future developments will include cloud integration, connected healthcare devices and growing demand for personalized medical wearable devices. Healthcare mobile applications will also lead the market.

Saudi Arabia Medical Devices Market Key Players:
The Saudi Arabia Medical Devices Industry has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. The Saudi Arabia medical devices market is expected to grow with CAGR of 9.5 % during the forecast period. The growth will be primary channeled by the rising public healthcare expenditure. The falling crude oil revenues will be a future threat to the market.

The major participants of this market are: Johnson & Johnson, General Electric, Medtronic, Koninklijke Philips Electronics NV., Baxter Internationa, Fresenius Medical Care AG & Co., Cardinal Health, Al-Salehiya Medical Estableshment, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Al Amin Medical Instruments Company (AMICO), Al Faisaliah Medical Systems (FMS), Siemens Ltd and others.

Segmentation:
Saudi Arabia medical devices market has been segmented based on product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. Based on therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. Based on end users; market is segmented hospitals, ambulatory, home and others.

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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for Middle East and Africa, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

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Antipsychotic Drugs Market Growth, Sales, Cost and Profit | Forecast to 2025

Antipsychotic Drugs Market Research Report: Information by Generation (First Generation, Second Generation), Types of Antipsychotics (Atypical Antipsychotics, Miscellaneous Antipsychotics Agents), Therapeutic Applications(Schizophrenia, Anxiety, Bipolar Disorder) and Region (the Americas, Europe, Asia-Pacific, and the Middle East & Africa) – Global Forecast till 2025

The Global Antipsychotic Drugs Market Size Is Expected To Reach USD 18.5 billion at a staggering 4.3% CAGR over the forecast period (2016-2022). Psychosis is a disorder where the person may face serious distortion of behavior, thought, perception and recognition of reality. The patients may experience hallucinations and delusions along with having wrong evaluation and misperception of other people, facts or situations. Psychosis is not a condition but rather gets triggered due to other conditions such as stress, traumatic experiences or physical conditions namely brain tumor, Parkinson's disease or due to alcohol or drug misuse.

Due of lack of insight, the person is unaware that he/she is acting and thinking strangely. Antipsychotic drugs also known as neuroleptics or major tranquilizers are used primarily for treating psychosis. Such drugs help in blocking the dopamine receptors in the brain's dopaminergic pathways, thus repressing the dopamine's effect that is linked directly to psychotic experiences. These drugs are used to treat common psychotic disorders including bipolar disorder, delusions, hallucinations, schizophrenia and others.

There are many factors that is driving the growth of the antipsychotic drugs market. Some of these factors as per the Market Research Future (MRFR) report include increasing number of people suffering from schizophrenia, increasing prevalence of psychotic disorders, over prescription of antipsychotic drugs, increased drug abuse, antipsychotic drug addiction, and huge funds being invested on R&D activities, and introduction of novel antipsychotic compounds.

On the contrary, factors such as poor efficacy and efficiency of anti-psychotic drugs, various side effects associated to taking the drugs such as high addiction rate, vomiting, drowsiness and insomnia, social stigma, poor drug development pipeline and stringent regulatory framework are likely to act as deterrents in the growth of antipsychotic drugs market over the predicted years.

Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the antipsychotic drugs market based on application and generation.
Based on therapeutic application, it is segmented into dementia, depression, bipolar disorder, schizophrenia and others. Of these, psychotic depression and schizophrenia will have the largest share in the antipsychotic drugs market over the predicted years.
Based on generation, the antipsychotic drugs market is segmented into first, second, third. The first generation is also called neuroleptics or typical antipsychotics and the second generation is also called atypical antipsychotics.
Key Players
Leading players profiled in the antipsychotic drugs industry include Johnson & Johnson, GlaxoSmithKline plc, AstraZeneca, Pfizer Inc., Bristol-Myers Squibb, Eli Lilly & Co. and others.

Table Of Content:
  • Report Prologue
  • Market Introduction
  • Research Methodology
  • Antipsychotic Drugs Market Dynamics
  • Antipsychotic Drugs Market Factor Analysis
  • Global Antipsychotic Drugs Market, By Disorder
  • Global Antipsychotic Drugs Market, By Treatment
  • Global Antipsychotic Drugs Market, By End-User
  • Global Antipsychotic Drugs Market, By Region
  • Company Landscape
  • Company Profiles
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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +16468459312
Email: sales@marketresearchfuture.com

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Microscopy Devices Market Insights, Key Players, Investment Feasibility | Forecast to 2022

Microscopy Devices Market Size, Growth and Trends Analysis By Type (Optical Microscopes, Electron Microscope, Scanning Probe Microscope (SPM), Application (Life Science, Material Science, Pathology), Key Players and Region, Forecast to 2022

Overview:
The Global Microscopy Devices Market Size is estimated to attain a market valuation of USD 10.5 billion at a CAGR of 7.8% over the forecast period of 2016-2022, says Market Research Future (MRFR). The North America microscopy devices market is likely to register a CAGR of 11.5% followed by APAC is expected to capture a CAGR of 7.3% during the forecast period. Industries such as semiconductor, nanotechnology, and various branches of science are increasingly leveraging microscopy devices for research purposes which are fostering the growth of the microscopy devices market.

The growth of the global microscopy devices market stems from its wide-ranging applications across diverse industries. The expansion of the inter-related industries such as semiconductor in the developing countries is driving the growth of the global microscopy devices market. Recent years have witnessed a surge in R&D activities on a massive scale by universities, research institutions, governments, and other bodies which induce greater demand for microscopy devices. Funding for R&D activities by both public and private sector further creates a conducive environment for the market growth.

Increase in nanotechnology research is a major factor driving the growth of the global microscopy devices market. Microscopy devices are the very basic component which allows things to be scrutinized on the Nano scale. Nanotechnology research requires some of the most powerful microscopes and increase in nanotechnology research activities have spurred the demand for microscopy devices.

Furthermore, technological advancements in microscopy devices have resulted in the development of advanced, powerful microscopes which is likely to present growth opportunities to the global microscopy devices market. Other factors substantiating the growth of the market include emerging niche applications of microscopy devices.
On the other hand, the high cost of microscopy devices is anticipated to be a bottleneck o the growth of the global microscopy devices market.

Microscopy Devices Market Segmentation:
The global microscopy devices market is segmented based on type, application, and end user.
By type, the global microscopy devices market is segmented into Optical Microscopes, Electron Microscope, and Scanning Probe Microscope (SPM). 

By application, the global microscopy devices market is segmented into Life Science, Material Science, Pathology, and Nanotechnology.

By end user, the global microscopy devices market is segmented into Hospitals & Clinics, Academic & Research Institutes, and Diagnostics Centers.

Competitive Landscape
The noteworthy players in the global microscopy devices industry include Meiji Techno, Olympus Corporation, Bruker, Mauna Kea Technologies SA, Icon Analytical Equipment Pvt. Ltd, Woodley Equipment Company Ltd, Radical Scientific Equipments Pvt Ltd., Leica Microsystems, Nikon Metrology NV, Sonix, Inc., Konan Medical USA Inc., FEI, Carl Zeiss, and NIDEK Inc.

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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +16468459312
Email: sales@marketresearchfuture.com

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Orthopedic Trauma Devices Market Future Outlook, Emerging Trends | Forecast to 2022

Orthopedic Trauma Devices Market Size, Trends and Growth Analysis By Material Type (Bioabsorbable Materials, Non-Absorbable Materials), Product Type (Internal Fixator, External Fixator), End-User (Hospitals, Clinics, Orthopedic Centers)– Global Forecast Till 2022

Orthopedic Trauma Devices Market Analysis
The Global Orthopedic Trauma Devices Market Size is prognosticated to touch a whopping 8% CAGR during the predicted years (2018-2022). Orthopedic trauma is a type of condition which includes injuries that chiefly affects the skeletal system and thereby limits the affected person’s smooth mobility and takes a toll on the quality of life. This comprises of conditions right from life threatening injuries to simple fracture resulting from accidents or any other fatal incidence. In fact, orthopedic trauma includes several broken bones in different parts of the human body such as brain, shoulder (scapula and clavicle), feet (phalanges, metatarsals and tarsals), leg (fibula, tibia and femur) and hand (ulna, radius and humerus) which involves extensive reconstructive surgeries.

The orthopedic trauma devices play a pivotal role in treating such injuries. Some of these devices include external fixator devices, special implants, nail system, plate system and screws. These devices are mostly made of stainless steel and titanium and are indeed effective to restore joint movement and mobility of those suffering from various orthopedic conditions such as abnormal bone growth, fractures and deformities. Overall, these devices will work wonders in improving people’s quality of life.

There are a couple of factors that is driving the growth of the orthopedic trauma devices market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing number of bone injuries owing to increasing accidents, increasing demand for advanced facilities in the orthopedic trauma and surgery centers, growing participation of people especially in sports as well as related activities and prevalence of osteoarthritis and rheumatoid arthritis. On the flip side, there are some factors that can obstruct the growth of the orthopedic trauma devices market such as increasing price of techniques owing to technological advancement, lack of awareness, less accessibility of specialized professionals, absence of health insurance and double surgeries.

Orthopedic Trauma Devices Market Segmentation
Market Research Future report provides a comprehensive segmental analysis of the orthopedic trauma devices market based on material type, product type and end-users.

Based on material type, it is segmented into non-absorbable materials, bioabsorbable materials and others. Of these, the bioabsorbable materials will have a major market share owing to consistent product enhancement and development.

Based on product type, the orthopedic trauma devices market is segmented into patient specific implants, plates and screws. Of these, the screws segment is predicted to have maximum market share owing to favorable reimbursement policies along with its extensive array of applications in orthopedic surgeries. Screws are highly favored for its wonderful benefits such as do not require implant removal, reduced frequency of graft laceration and non-interference with MRI.

Based on end-users, it is segmented into clinics, rehabilitation centers, hospitals and others.

Orthopedic Trauma Devices Market Competitive Analysis
The global orthopedic trauma devices market is extremely fragmented. The key players in this market have used different strategies such as mergers and acquisitions, partnerships, joint ventures, agreements, expansions, product launches and others for increasing their footprints within the market.

Orthopedic Trauma Devices Market Key Players
Leading players profiled in the orthopedic trauma devices industry include Integra LifeSciences Corporation, Zimmer Holding Inc, B. Braun Melsungen AG, MEDTRONIC, Smith & Nephew, Johnson & Johnson Services, Inc. (US), Stryker, Auxein Medical (India), Ortho Max Manufacturing Company Pvt. Ltd., DePuy Synthes Companies and Invibio (UK), BIOTEK (India).

Jan 2019- Generex Biotechnology, an integrated healthcare company has recently signed a LOI (letter of intent) to acquire from Pantheon Medical- Foot and Ankle some surgical devices. Pantheon Medical manufactures orthopedic surgery tools and products. This acquisition will help to improve Generex Biotechnology’s commercial product portfolio in the surgical domain.

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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

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Friday 6 December 2019

CBD (Cannabidiol) Market Size, Growth and Analysis by Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor) , Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes , Protein Bars , Energy Drinks), End User (Food & Beverage, Healthcare), Source (Organic Inorganic) and Region (North America, Europe, Asia Pacific, ROW) - Global Forecast till 2026

CBD Market Overview
The global CBD market size is poised to reach USD 22,07,162.54 million by 2026. It can achieve this mark by exhibiting a CAGR of 125.58% from 2019 to 2026 (forecast period). The use of CBD by patients for alleviating pain levels to a considerable degree is likely to drive the market demand till 2026. According to the National Center for Biotechnology, close to 62% of the global population used CBD for treating medical conditions between 2017 and 2018.

Cannabidiol (CBD) is a non-addictive compound found in the cannabis plant. Its properties of anti-inflammation, anti-anxiety, analgesic, and seizure-suppression are likely to induce heavy demand for the compound in food & beverage and personal skincare sectors. The report written by reputed analysts at Market Research asserts global CBD Industry growth trajectory for period between 2019 and 2026.

CBD Market Segmentation
The global CBD market analysis is majorly bifurcated based on its form, route of administration, production, inhalation, application, and end-user.

The form segment is divided into liquid and solid.
Based on the product, the global CBD market is classified into therapeutic grade and food grade.
Further, the application segment is bifurcated into protein bars, neurogenerative disorder, diabetes, fibromyalgia, and energy drinks.

The global CBD market is segmented into healthcare, personal care, and food & beverage; based on end-user industry.

Based on route of administration, the global CBD market is bifurcated into tincture inhalation, aerosol, and capsules. The inhalation segment is further divided into vapor and smoke.

CBD Industry Players
The key players functioning with their product offering maintaining the momentum of the global CBD market are CV Sciences, Elixinol Global Limited, Green Roads of Florida, Folium Biosciences, Elixinol Global Limited, Medical Marijuana, Inc., Canopy Growth Corporation, CBD Health Solutions, ENDOCA, and Freedom Leaf.

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About Market Research Future:
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. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
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Phone: +16468459312
Email: sales@marketresearchfuture.com

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Test Strip Market by Application (Diagnosis {Urinalysis [UTI, Liver Disease]} Pregnancy Test) Type (Fluorescein, Diabetic Strips, Urine test strip) End Users (Consumers, Hospitals, Clinics, Diagnostic Laboratories) - Volume & Value Global Forecast to 2021

The global Test Strip Market Size is expecting a sound growth at a CAGR of 12.8% during the forecasted period. Test strip is a type of diagnostic devices which is the most important tools in Point of Care (POC) diagnostics. These test strip helps to achieve rapid diagnosis of various critical diseases such as urinary tract infection (UTI), liver disease, kidney diseases, diabetes test, ophthalmic disease and others with precsion. Test strips are widely used for monitoring the blood glucose level in the diabetic patients. As per world Health Organization (WHO), it was estimated that in 2016, 420 million adult population is suffering from diabetes all over the world will and the number is expected to reach 625 million till 2040. The global test strip market is growing with the dynamic pace.

Increasing prevalence of diabetes, and other urinary tract diseases has supported the growth of this market. According to a recent study report published by the Market Research Future, the global test strip market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2021).

The market is expected grow with the same trends during the forecast period. The major drivers supporting the growth of the market will be presence of huge diabetic patient population in Asia Pacific region like India and China. According to WHO (2014), 60% of the world’s total diabetic population lives in Asia region. Moreover, the global test strip market is driven by rising geriatric population, and rapid development in the test strips has driven the growth of the market. Moreover, changing lifestyle, and government initiatives for encouragement for the research & development has fuelled the market growth. On the other hand, availability of alternative methods for diagnosis like saliva collection devices has restrained the growth of global test strip market.

Test Strip Market Competitive Analysis
The test strips are based on various technologies such as electrochemical and photometric. Majority of the test strips are based on electrochemical technology. The photometric technology market is expected to witness the highest growth. Roche Diagnostics, Lifescan, Inc., Abbott Laboratories, and Bayer are the leading players in the test strip market, by volume. These players possess state of art manufacturing facilities and strong sales and distribution network which have helped them to gain leadership position in the market. The other prominent players include Arkray Inc., Ascensia Diabetes Care Holdings Ag, B. Braun Melsungen AG, Chiltern Medicare Ltd, Henry Schein, Lifeassay Diagnostics (Pty), Siemens Healthcare, Taidoc Technology Corporation, and Teco Diagnostics among others are some of the small players that accounts a reasonable amount of share in the test strip market.

The global test strip market industry is highly fragmented with the presence of many local players and international players. As a result, local players are focus on cost reduction and innovation to ensure sustainability. In addition, the international players implemented growth strategies through FDA approvals, collaborations to expand their overall market share. For instance, Abbot a leading player in the test strip market has received US Food and Drug Administration (FDA) clearance for its new product FreeStyle Lite blood glucose test strips that minimizes the interference during blood glucose testing, hence is fabricated for a better testing experience. This will help Abbott to create an impact on the patient pool and will help to increase its sales by volume.

Hoffmann-La Roche Ltd, Swiss multinational healthcare company focuses on the development and distribution of test strips. For this, in June 2017, Roche has acquired mySugr to form a leading open platform for digital diabetes management. Hence, the growing mergers and acquisitions, new product launches in the field of test strip has upsurged the growth of the market.

Hoffmann-La Roche Ltd (Switzerland), Siemens Ltd. (Germany), Abbott (US), B. Braun (Germany), LifeScan, Inc. (US), Chiltern MediCare Ltd. (US), Henry Schein, Inc. (US), Lifeassay Diagnostics (South Africa), Siemens Healthcare Private Limited (Germany), ARKRAY Inc. (US), Ascensia Diabetes Care Holdings AG. (Switzerland), TaiDoc Technology Corporation (Taiwan), Teco Diagnostics (US) are some of the prominent players at the forefront of competition in the Global Test Strip Market and are profiled in MRFR Analysis.

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About Market Research Future:
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.

Contact:
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Market Research Future
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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...