Test Strip Market Size, Profile, Segmentation, Vendor Landscape Forecast To 2021

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

Global 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 size 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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Lip Augmentation Market Share, Size, Cost Structure Analysis and Forecast To 2023

Lip Augmentation Market Share By Type (Temporary and Permanent Lip Augmentation), Lip Fillers (Fat Injection or Lipoinjection, Hyaluronic Acid Fillers, Lip Collagen Injections & Others), Distribution Channel – Global Forecast Till 2023

Lip Augmentation Market

The global lip augmentation market share is expected to grow at an approximate CAGR of 10.5% during forecast period, 2018–2023.

Rising participation of market players is one of the prominent factors driving the lip augmentation market. For instance, in 2018, Allergan plc launched a new JUVÉDERM advertising campaign created to empower the next generation of consumers to “JUVÉDERM IT.” The JUVÉDERM collection of fillers offers a complete range of dermal fillers for different patient needs. JUVÉDERM Ultra XC is used into the lips and perioral area for lip augmentation in adults over 21.

Various other factors such as increasing awareness about lip augmentation, rising geriatric population and rising demand for dermal fillers are also expected to propel the growth of the market.

However, side effects associated with lip fillers and high cost of treatment can hamper the market growth over the forecast period.

Lip Augmentation Market Segmentation

The global lip augmentation market is segmented based on type, lip fillers, distribution channel, and region.

The global market for lip augmentation, by type is segmented into temporary lip augmentation and permanent lip augmentation. The permanent lip augmentation segment is further classified as dermal graft, permanent lip implants, vermilion lip advancement and lip lift. The lip lift segment includes corner lip lift and upper lip lift.

The market, by lip fillers, is segmented into fat injection or lipoinjection, hyaluronic acid fillers, lip collagen injections, platelet-rich plasma (PRP), and others.

Based on distribution channel, the market is segmented into hospital pharmacies, clinics, retail pharmacies, drug stores, online pharmacies, and others.

The hospital pharmacies segment is anticipated to hold the largest market share owing to the increasing demand for cosmetic procedures. The online pharmacies are expected to grow at the highest CAGR owing to the rising cases of cosmetic problems.

Lip Augmentation Market Regional Analysis

The Americas dominated the global lip augmentation market share owing to the rising geriatric population. According to the Population Reference Bureau report, the number of Americans ages 65 and older is projected to double from 46 million today to over 98 million by 2060. Moreover, rising healthcare spending within the region is also boosting the lip augmentation market. In the US, the total healthcare spending reached USD 3.5 trillion in 2017 and by 2026; it is expected to reach USD 5.7 trillion.

In 2017, it was estimated that Europe stood second in the global lip augmentation market. This can be attributed to the rising research and development investments and technological advancements. For instance, in 2017, Allergan received FDA approval for its newest hyaluronic acid dermal filler, Juvéderm Vollure XC.

Asia Pacific was projected to be the fastest growing region in 2017. Factors such as growing medical tourism industry and increasing technological advancements within the region are boosting the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held least share in the global lip augmentation market due to the low per capita income, especially within the African region.

Lip Augmentation Market Key Players

Some of the key players in the global lip augmentation market are Allergan, Galderma Pharma S.A., Integra Lifesciences, Laboratories Vivacy SAS, Merz Pharma, Sinclair Pharma, Suneva Medical, Inc, Teoxane, Cynosure, Syneron, AQTIS Medical, Bioha Laboratories, Cytophil, Inc., Dr. Korman Laboratories, Inamed Corporation, and Anika Therapeutics Inc., and others.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics 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.

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Healthcare IoT Security Market Share, Overview, Future Outlook Forecast To 2025

Healthcare IoT Security Market Share by Component (Solution and Services), Solutions Type (Analytics, Encryption, Data Loss Protection, Identity and Access Management and Unified Threat Management), Service Type (Consulting Services, Risk Assessment Services, Design & Integration Services and Managed Security Services), Security Type (Application, Cloud, Endpoint and Network), Application (Pharmaceutical, Medical Devices and Biotechnology) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2025

The global Healthcare IoT Security Market share is currently valued at $4.8 billion and is predicted to be valued at $15.82 billion growing at a CAGR of 22%. Swift expansion of IoT across a multitude of sectors has led to the implementation of IoT security in the healthcare sector. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, recently published a report on this market.

Introduction of smart devices and infrastructure has greatly led to the diversification of the healthcare sector. Diversified and coordinated efforts between IT division and healthcare device manufacturers are one of the most noticeable factors that are driving the market development of this industry. Increased security and safety offered by IoT security has increased the appeal of this sector to a great extent.

Global Competitive Analysis

The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are utilizing their primary resources to initiate a trend of solid, volume-driven growth that has been observed in the market with the development of different varieties of product types. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. However, with companies aiming to capture a considerable share of the market segment as early as possible, they are implementing and experimenting with various advantage points.

IBM Corporation, Cisco Systems Inc., Intel Corporation, Oracle Corporation, Sophos Group Plc., Symantec Corporation, Trend Micro Inc., and others are some of the industry players in the market.

Detailed Regional Analysis

Globally North America is the largest Global Healthcare IoT Security Market share. Europe is the second-largest market for Global healthcare IoT security market. However, the developing regions market particularly Asia Pacific will be the fastest growing and will be the key to the future, as this region comprises 60% of the world population. With the healthcare IOT adoption for managing growing chronic illnesses increasing, IOT security will become crucial in the near future. Data privacy and security concerns among the healthcare organizations and patients related to healthcare IOT are also driving the growth of the market.

Industry Updates:

June 2017 ZingBox, a vendor of Internet of Things security systems, will collaborate with VMware, which markets an IoT infrastructure management system, to deliver enhanced security to enterprise Internet of Things implementations. Following the WannaCry ransomware epidemic, Internet of Things (IoT) ZingBox will also offer healthcare organizations free access its security service, the company announced recently.

Dec 2017 Samsung announced its ARTIK secure “s” systems-on-modules and services for the ARTIK IoT Platform to strengthen device-to-cloud security for organizations building their healthcare IoT infrastructure. ARTIK platform’s built-in hardware and software solutions ensure reliability, safety and privacy for connected products. The applications include healthcare monitors and smart factory gateways among some of the applications. The ARTIK IoT platform provides a complete end-to-end software, hardware and cloud solution for companies to easily link and more safely operate their products in a world that is increasingly connected.

May 2017 Cisco has announced its IoT Threat Defense and said that among the first uses of the new architecture is securing services vital to medical care. The architecture and services combination can be used to segment internet of things devices connected to hospital and other organization’s networks. The Cisco IoT Threat Defense architecture includes technologies for network behavior analytics, device visibility, firewall, remote access, cloud security and malware protection. In addition to its initial use securing medical data, Cisco listed the other two industries where IoT Threat Defense already has a play as automated manufacturing and power generation and delivery.

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Healthcare Information Governance Solution Market Size, Demand, Services and Future Outlook Forecast To 2027

Healthcare Information Governance Solution Market Size, Growth and Share Analysis By Type (eDiscovery,), Deployment (Web and Cloud, In-Premise), by Applications (Financials, Records), End-User (Hospitals and Clinics, Research and Academics) - Global Forecast Till 2027

The global healthcare information governance solution (IGS) market share with a sound pace. According to a recent study report published by the Market Research Future, the global healthcare information governance solution (IGS) market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a sound growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027).

Healthcare information governance solution enables effective management of healthcare information. It involves processing, controlling, and retrievals of information in a suitable format when required. Information governance enables an organization to become adaptive and responsive to the changing demands of the market demands. One of the major goals of the information governance in healthcare is to centralize the fragmented data so as to increase its accessibility, thereby, relaxing the workflow.

Factors such as growing stringency of regulations, rising noncompliance costs, and advancements in the processing power are driving the healthcare information governance solution (IGS) market. On the other hand, high costs for the information governance systems, cultures of secrecy, and traditional organization structures may restrain the market growth during the forecast period.

Global Healthcare Information Governance Solution (IGS) Market- Competitive Analysis

Dell Inc., HP Autonomy, IBM, Symantec Corporation, Google, Amazon, Microsoft, Hewlett Packard Enterprise Development LP, nThrive, Inc, Veritas Technologies LLC, Information Governance Solutions, LLC., FTI Technology LLC, iDiscovery Solutions, Inc. are some of the prominent players at the forefront of competition in the Global Healthcare Information Governance Solution (IGS) Market and are profiled in MRFR Analysis.

Characterized by the presence of several well-established and small players, the global healthcare information governance solution (IGS) Market appears to be highly competitive and fragmented. International players are expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product portfolios, quality, and pricing.  The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

In September 2016, Dell Inc. acquired EMC Corporation and created a unique family of businesses that would provide some of the essential infrastructure for organizations, so as to build their digital future, transform IT and protect their most important information assets. This combination created a $74 billion market leader with an expansive technology portfolio that could solve complex problems for customers in the industry’s growing areas of hybrid cloud, software-defined data centre, converged infrastructure, platform-as-a-service, data analytics, mobility and cyber security.

In November 2016, nThrive Inc., acquired Adreima, a Downers Grove, Ill.-based provider of patient-centered, clinically integrated revenue cycle services that help patients find coverage and meet their financial obligations, while partnering with health care providers to optimize revenue cycle functions.

In November 2016, Symantec Corp. and LifeLock, Inc. entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal was approved by the boards of directors of both companies.

In July 2017, Google acquired Halli Labs, a very young start-up based in Bengaluru, India, that was focused on building deep learning and machine learning systems.

 Global Healthcare Information Governance Solution (IGS) Market- Regional Analysis

On the regional backgrounds the Americas leads the healthcare information governance solution (IGS) market owing to a well-developed healthcare sector and presence of the developed technologies like U.S. and Canada which have technological backgrounds for facilitating the healthcare information governance solution (IGS) market share . Europe is second in the market. Healthcare in Europe is provided through a wide range of different systems which run at the national level. These systems have huge amount of database which require database management and protection. This makes the market to grow within the region. The Asia Pacific region is the fastest growing region due to the developing economies like India and China. The Middle East and Africa have the least market share, especially due to the presence of poor economies within the African region.

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Clinical Reference Laboratory Market Size, Key Companies Profile, Research and Insights Forecast To 2023

Clinical Reference Laboratory Market Size, Growth and Trends Analysis by Service Provider (Stand Alone, Hospital-Based Market and Clinical Based), Applications (Clinical Trials, Laboratory Medicine and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027

Market Highlights

The global Clinical Reference Laboratory Market size has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. The adoption of the value-based services has gained the pace as the hospitals nowadays have started outsourcing some part or even all of their pathology and radiology diagnostic services. One of the reasons for increased outsourcing by hospitals is that the hospital budgets are becoming constrained as a result of declining Medicare reimbursements.

The cut down in clinical lab reimbursement rates under Medicare have a profound impact on the U.S. lab industry. It was not limited to the direct billings, but the U.S. clinical labs that depends on Medicare for close to 20% of billings and for certain communities it is as high as 80% of business that got affected. In continuous efforts to protect the hospitals bottom line, many hospital CEOs are turning to outsource various value-based services, various companies are rising to offer these diagnostic outsourcing contracts from hospitals. Hence, the increasing value-based outsourcing from hospitals has enhanced the market for these independent reference laboratory services.

Furthermore, investments in laboratory services has demonstrated lucrative in enhancing patient care as well as in delivering the much preferred 'efficiencies'. Technology capable of performing repetitive activities at moderately high speed has developed to improve quality, consistency and effectiveness. The result of tests on samples that used to take hours to process can now be found in a matter of minutes. Automation in the laboratory has a significant impact in microbiology and histopathology. The most significant innovation is the development of genetics and molecular technologies into mainstream medicine which will have substantial impact on the health of the population, clinical practice and the management of patients

Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Clinical reference laboratory Market Research Report –Global Forecast to 2027

Global Clinical reference laboratory Market Players:

Some of the key players in this market are: Laboratory Corporation of America, KingMed Diagnostics, Aurora Diagnostics, Sonic HealthCare Limited, Synlab International GmbH, Bioreference Laboratories, Unilabs, Clinical Reference Laboratory, ARUP Laboratories, Quest Diagnostics and others.

Regional Analysis:

Depending on geographic region, Clinical reference laboratory market is segmented into four key regions:  America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for Clinical reference laboratory. North American region is the leading market in the America region with countries like United States and Canada playing a major role in the industry. Europe is the second-largest market globally for Clinical reference laboratory which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in Clinical reference laboratory market.

Segmentation:

Clinical Reference Laboratory Market size has been segmented on the basis of service providers which comprises of Stand Alone, Hospital Based and Clinical Based. On the basis of applications which comprises of Laboratory medicine, clinical trials and others

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Clinical Intelligence Market Size, Sales, Cost, Profit Forecast To 2023

Clinical Intelligence Market By Type (CDSS, Quality Improvement), Component (Service, Software), Application (Clinical, RCM), End User (Hospitals, Clinics, Tpas) - Global Forecast Till 2023

Market Synopsis of the Global Clinical Intelligence Market

The usage of Clinical Intelligence is becoming a common phenomenon in healthcare institutes worldwide and the Global Clinical Intelligence Market size is poised to strike a splendid CAGR of 12.5% over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in an exhaustive study. Clinical intelligence is a new learning paradigm for healthcare providers in which clinical data is analyzed with the use of modern data mining, data visualization, and predictive modeling tools to improve healthcare delivery.

The pressing need to curb healthcare costs has been the primary drive motivating the growth of the global clinical intelligence market. The growing burden of chronic diseases and increasing patient influx in hospitals has raised the adoption of software solutions for tedious process such as insurance claim processing and fraud detection. This results in improved healthcare outcomes and subsequently boosts the growth of the market.

Other factors stimulating the market growth include governments in multiple countries encouraging the adoption of clinical intelligence solutions. Furthermore, constant changes in regulations, increasing reporting mandates, and ever-increasing competition, healthcare organizations can no longer ignore the importance of clinical intelligence. Clinical intelligence aids healthcare sector to improve the quality of care by analyzing the gaps in their care, patient safety, efficiency, and cost-effectiveness.

On the other hand, a general lack of regulatory and clinical standards for predictive analytics is likely to hinder the growth of the market. The high cost of clinical intelligence software might restrain the growth of the market growth in developing countries.

Competitive Landscape

The notable players in the clinical intelligence market include General Electric Company (U.S.), QSI Management, LLC (U.S.), Allscripts (U.S.), Cerner Corporation (U.S.), IBM (U.S.), Epic Systems Corporation (U.S.), Greenway Health, LLC (U.S.), McKesson Corporation (U.S.), and eClinicalWorks (U.S.).

Segmentation

The global Clinical Intelligence Market size has been segmented based on component, type, end-user, and application.

By type, the global clinical intelligence market has been segmented into population health management, retrospective performance measures & predictive analytics, clinical benchmarking, clinical decision support (CDSS) system, quality improvement, performance measurement systems, and others. The quality improvement segment has been further segmented into six sigma. The population health management segment has been further segmented into under-utilization of health services and over-utilization of health services.

By component, the global clinical intelligence market has been segmented into hardware, software, and services.

By application, the global clinical intelligence market has been segmented into revenue cycle management (RCM) claims, fraud, supply chain, financial management, clinical, and others.

By end-users, the global clinical intelligence market has been segmented into clinics, hospitals, TPAs, and others.

Regional Analysis

By region, the global clinical intelligence market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas account for the maximum share of the global clinical intelligence market owing to high usage of software solutions for healthcare administration. The presence of healthcare IT companies in the region and high healthcare expenditure supports market growth in the region. Additionally, growing usage of Decision Support System among tertiary care centers in the US has proven to be beneficial for the growth of the market.

Europe follows the Americas closely and is the second largest market for clinical intelligence. Increase in a number of healthcare institutions who are leveraging clinical intelligence management softwares and expanding healthcare expenditure boosts the market growth in Europe.

APAC is poised to be the fastest growing market for clinical intelligence. Development of healthcare IT infrastructure, increasing healthcare expenditure and the growing presence of key players in the region can be credited for the growth of the market.

The MEA market is expected to showcase moderate growth. The Africa region, in particular, will exhibit limited growth due to low healthcare penetration and low healthcare expenditure.

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Africa Medical Devices Market Share, Profile, Opportunities, Global Industry Analysis Forecast To 2023

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

The Africa Medical Devices Market share is growing with a steady pace; mainly due to the rapidly growing middle-income group, increasing healthcare expenditure, increasing number of medical tourists, proliferation of hospitals, government programs and support, and increasing incidence of lifestyle diseases. Moreover, rising economic growth also drive the market in this region. According to the World Bank Group, in 2016, GDP of the Middle East & North Africa experienced the growth in GDP by 4.89%. It is expected that Africa’s macroeconomic climate over the next decade will expand the health care gap, as higher incomes will create new demand for the medical devices market. Additionally, government also introduces some laws for maintaining the quality of medical devices. According to a report published by the International Diabetes Federation, in 2017, more than 16 million people are suffering with diabetes in the AFR Region. Increasing number of incidences are the main factors which drag the attention of players towards this region.

Companies are continuously engaged in merger and acquisition activities for the development of the best medicine to cure affected population. Although the government stick rule hindering the growth of the market. In May 2017, Baxter International Inc. and Mayo Clinic announced a collaboration for the research and development to advance a spectrum of therapeutic areas to minimize the unmet patient needs. These collaborations help market players to lead the market of Africa. Most of the players from this region involve in the collaboration with global players to get advanced technology, which help them to maximize the market share in this region. Although limited infrastructure, lack of physicians, and restricted funding and reimbursement policy are the restraints factor for the growth of the market.

Johnson & Johnson (U.S.), Mindray Medical International Limited (China), Koninklijke Philips Electronics NV (Netherlands), Siemens AG (Germany), Toshiba Medical Systems Corporation (Japan), GE Healthcare (U.K), Medtronic Public Limited (U.S.), Baxter International Inc. (U.S.), Cardinal Health, Inc. (U.S.), Saudi Pharmaceutical Industries & Medical Appliances Corporation (Africa), and Al Faisaliah Medical Systems (Africa) are some of the leading players at the cutting edge of the competition in the Africa Medical Devices Market share

Any instrument, apparatus, implement, implant, reagent that is used for human beings, for diagnosis, detecting, restoring, correcting, prevention, monitoring, treatment of disease and injury are known as medical devices. Technological advancement plays an important role in the growth of any sector. Most of the market players play an important role to develop the market of medical devices in Africa. For instance, in 2015, Elekta and ministry of health working together in almost a dozen African nations to develop their radiation therapy infrastructures for curing lives.

Africa Medical Devices Market - Regional Analysis

The market of medical devices is growing rapidly in Africa region owing to upgrade of hospitals, introduction of health insurance policy, and rapidly growing middle-income group. Government is focussing more to improve the life of their citizen, thus they are more focusing on the establishment of best hospitals in the region. This region is more focusing towards new technology and advance treatment option, thus the local players are focusing more into mergers and acquisition and research and development programs for the development of Medical devices.  These are the factors which are fuelling the growth of the market of medical devices with the significant rates in this region.

Most of the major players such as Johnson & Johnson (U.S.), Mindray Medical International Limited (China), Koninklijke Philips Electronics NV (Netherlands), Siemens AG (Germany), Toshiba Medical Systems Corporation (Japan), GE Healthcare (U.K), Medtronic Public Limited (U.S.), Baxter International Inc. (U.S.), Cardinal Health, Inc. (U.S.), Saudi Pharmaceutical Industries & Medical Appliances Corporation (Africa), and Al Faisaliah Medical Systems (Africa) are looking forward in this region to minimize the gap of between demand and supply of advance medical devices and maximize the profit sharing ration. Company such as Koninklijke Philips Electronics NV, Siemens AG, Medtronic Public Limited, and GE Healthcare have already a huge presence in Africa region owing to the collaboration they made and strategy of expanding their sales network within the region. The markets of Africa region are very different and still shaping and growing. Although most of the products are imported within the region, but the government is focusing to develop these equipment in their premises to minimize the cost of medical devices.

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