Medication Management system Market Regional Trends, Size and Forecast to 2023

Market Insights

Market Research Future predicted that the global Medication Management system Market is set to reach the highest CAGR of 13.4% through the forecast period, 2018-2023.

Medication management focuses on improving medication use for the patient's condition. Interventions may include medication alignment, medication management, patient / family education about medications, and patient medication configuration simulations.

The growing geriatric population is one of the most important factors in the drug management market. Older people often have significant comorbidities that increase drug use and the risk of poor outcomes. According to a 2018 study published in Clinical Epidemiology, polypharmacy affects between 40% and 50% of older people in countries with high-income. Polypharmacy increases the risk of drug-related side effects in older people because more drugs are associated with a higher risk of harmful drug interactions. Several other factors, such as the emergence of funds in the healthcare sector and the need to reduce healthcare costs, are some of the drivers of the market.

However, the high costs of software implementation and service maintenance can hinder the market growth during the forecast period.

Market Segmentation

The global drug management market is segmented based on systems, services, delivery methods, and end-user.

The global system-based medication management market is divided into computerized physician order entry systems, clinical decision support systems, administration software, inventory management systems, automated dispensing systems, and assurance systems. Administration software segment is further classified as Bar Code Drug Delivery Software (BCMA) and Electronic Drug Management Software (eMAR). The automatic distributor's segment is further classified as centralized automated distribution systems and decentralized automated distribution systems (ADS). A centralized automated dosing system includes robots / dosing systems and automated carousels. The decentralized automated dispensing system (ADS) comprises automated decentralized unit dose metering systems, pharmacy-based decentralized automated dispensing systems, and service-based decentralized automated dispensing systems.

The services market segment is subdivided into point-of-care verification services and drug side effects monitoring.

The global market, on the basis of delivery mode, is divided into on-premise solutions, web-based solutions, and cloud-based solutions.

The market is segmented into pharmacies, hospitals, healthcare facilities, research institutes, and others, based on end-user.

Regional Outlook

The United States has dominated the global drug management market. This growth can be ascribed to the rise in the elderly population and the presence of the main market players in the region.

Europe ranked second in 2017 due to the presence of developed economies such as the United Kingdom, Germany, France, and other countries in the region, which is an engine for market growth.

The Asia Pacific region is likely to see the fastest growth in 2017. Factors such as health technology sector growth, increasing market penetration in the region, and growing government support for foreign investment provide regional markets in the region. Asia Pacific.

In addition, the Middle East and Africa had the lowest share of the global drug management market due to the existence of low per capita income and poor economies, especially in the African region. The Middle East region is considered an important market for the Middle East and Africa region.

Major Players

The leading players that are supporting the functioning of the global medication management market include General Electric Company, Siemens Ltd, Medical Information Technology, QuadraMed Affinity Corporation, Allscripts Healthcare Solutions, Cerner Corporation, Mckesson Corporation, Omnicell, Inc., Carefusion Corporation, Epic Systems Corporation, and Optum Inc.

Recent Updates

• Omnicell, Inc., a leading  of medication management solutions for healthcare and pharmacy systems, has announced that Mercy, one of five US healthcare systems for Oklahoma, Arkansas, Missouri, and Kansas, will take over the management of medication in your service network through its Omnicell's automation and intelligence solutions. Omnicell works with major healthcare systems, such as Mercy, and the company launches its vision for independent pharmacies, a step-by-step plan for developing a fully automated zero-error drug management infrastructure. Based on automation, data intelligence, and specialized services, the autonomous pharmacy will allow pharmacists, nurses, physicians, and pharmacist staff to focus on patient and physician satisfaction.

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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. 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.

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.

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Worldwide Analysis On Dermabrasion and Microneedling Market research Report to Forecast to 2023

Market Highlights

A number of surgical procedure are available in the market for the treatment of various skin problems. Dermabrasion is an invasive surgical treatment for acne, surgical scars, actinic keratosis, rhinophyma, and others. It is also used for tattoo removal and sun damaged skin, and it also changes in the appearance of the skin by injuring using an abrasive. The procedure is performed under local anesthesia and may result in sensitive and pinkish coloration of the skin. It has various side effects such as skin decoloration, and skin numbness due to local anesthesia. While microneedling is a minimally invasive procedure used for skin rejuvenation with minimal side effects. Microneedling is a new procedure getting popular in developed countries across the globe owing to various advantages offered by the procedure such as less treatment time, best results, and many more.

The market is driven by increasing demand for new minimally invasive procedures for skin rejuvenation, and availability of technologically advanced device in the market. High cost of dermabrasion and available of alternative treatment such as laser surgery, moderate to deep skin peels, and the injection of fillers may restrain the market growth.

The global dermabrasion market is expected to grow at a CAGR of 3.68% during the forecast period.

Taste the market data and market information presented through more than 55 market data tables and figures spread over 101 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Dermabrasion market research report–Global forecast till 2023.”

Major Players in the Market:

Some of the key players in the global market are Stryker (U.S.), Medtronic (U.S.), CONMED Corporation. (U.S.), MicroAire Surgical Instruments (U.S.), Delasco (U.S.), George Tiemann& Co. (U.S.), Bellus Medical (U.S.), Osada, Inc. (U.S.), Dermapen World (Australia), MDPen (Georgia),  DermaQuip. (U.S.), and Eclipse Aesthetics (U.S.). Other players are Salient Medical Solutions (U.S.), Emage Medical (U.S.), 4T Medical (U.K), Dr. Ron Shelton. (U.S.), and Bellaire Industry (U.S.).

Regional Analysis

Dermatology and cosmetology are receiving worldwide attention and there is a rise in the demand for affordable treatment, especially, in the developing countries across the globe. As per the World Health Organization (WHO), deaths from cancer worldwide are expected to rise to over 13.1 million by 2030. According to the article published in the Adolescent Health, Medicine and Therapeutics, acne vulgaris is the most common skin condition diagnosed in adolescents worldwide.

The Americas is the largest market owing to an increasing demand for skin resurfacing and rejuvenation procedures in the U.S. and increasing demand for non-invasive procedures for skin problems among women such as acne vulgaris and surgical scars.

Europe holds the second position in the market. The market in the European countries is increasing due to the increasing adoption of skin care and cosmetic procedures, availability of funds for research and development activities, and growing emphasis on skin care. Furthermore, the demand for dermatology procedures for skin resurfacing is increasing in the European countries.

In Asia Pacific market, rising awareness about advantages of dermabrasion and side effects, changing lifestyle, and the demand for new dermatology treatment for acne and skin pigmentation are major factors driving the growth of the market. Additionally, the availability of well-qualified cosmetic surgeons and dermatologists further stimulates the market growth. In Asia Pacific, Australia has the highest prevalence of skin cancer, which has been increasing continuously from the last few years, thus there is an extensive demand for dermatology procedures.

The demand for dermabrasion is found to be low in the Middle East & Africa.

Segmentation

The global dermabrasion &microneedling market is segmented on the basis of dermabrasion device type, micro-needling device type, needle material, application, and end user.

On the basis of dermabrasion device type, market is segmented into manual dermabraders and motorized dermabraders.

On the basis ofmicroneedling device type, market is segmented into derma-stamp, dermapen, dermarollers, and others

On the basis of needle material, the microneedling market is segmented into silicon, glass, and metal.

On the basis of application, the dermabrasion &microneedling market skin rejuvenation, acne scar, traumatic & surgical scars, acne vulgaris, and others.

On the basis of end user, the market is segmented into hospitals, dermatology clinics, 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 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.

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Strategic Analysis of the Global Cardiac Implants Market Share | MRFR

Cardiac Implants Market Overview
The global cardiac implants market is expected to register a CAGR of 7.82% and is anticipated to reach USD 38,054.3 million by 2023. Cardiac implants are used to control irregular heartbeats in people with heart disorders such as myocardial ischemia, arrhythmias, and acute myocardial infarction, among others. The increasing prevalence of cardiac diseases and the growing population of older adults across the globe is expected to propel the growth of the market. On the other hand, the high cost associated with cardiac implants and risk of injections due to these implants may restrain the market growth over the forecast period.
Cardiac implants are extensively used to treat myocardial ischemia, acute myocardial infarction, and arrhythmias. The increasing prevalence of geriatric population along with demographic changes across the globe are considered primary growth stimulants of the cardiac implants market. Surging regulatory approval for cardiac implants will encourage the adoption of cardiac implants across the globe. Healthcare organizations and hospitals indicate cardiovascular implants at risk of cardiac disorders to offer artificial control in patient’s heartbeat. The rising number of regulatory approvals for advanced and innovative cardiac implant devices will facilitate the Cardiac implants market share in the foreseeable future.
The surging prevalence of cardiovascular diseases across the globe has led to increased adoption of cardiac implants. The rising focus on R&D is considered a key trend impacting the market positively. Vendors involved in cardiac implants are highly focusing on the development of innovative cardiac implants like dual-chamber leadless pacemaker and wireless endocardial pacing systems. Such developments will drive the market growth in the years to come.
On the contrary, infections related to implantable pacemakers in cardiac patients will remain a major restraining factor to the market growth across the globe.
Global Cardiac Implants Market: Segmental Analysis
The cardiac implants market has been segmented on the basis of device, indication, and end users.
By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.
By indication, the market is classified into heart failure, arrhythmias, and others.
Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others. Of these, the hospital segment is likely to gain prominence due to favorable reimbursement policies.
Cardiac Implants Market Regional Frontiers
Geographically, the cardiac implants market spans across America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, America is predicted to command the largest market share, mainly due to the soaring incidences of cardiac diseases, coupled with the increased adoption rate of cardiac implantable electronic devices in the region. Moreover, increased demand for the pacemaker, especially in North America will contribute to the market’s growth.
The market in Europe will experience considerable growth owing to increased funding from the government for, healthcare, coupled with the rising initiatives by the insurance companies for heart patients.
The Asia Pacific will expand at the fastest rate during the foreseeable future. The growth can be credited to the rising geriatric population, increasing popularity of medical tourism, and changing lifestyle of the population. Surging preferences for technologically advanced products for cardiac rhythm management and increased concerns regarding healthcare for stroke prevention will encourage the regional market’s growth.
Industry Updates
August 2019: The U.S. FDA has recently approved a heart implant, which offers therapeutic stimulation to the patients suffering from advanced heart failure. The device named the Barostim Neo System is a cardiac neuromodulator, which helps to stimulate the baroreceptors of patients not suited for heart failure treatments such as cardiac resynchronization therapy.
Competitive Dashboard
The top players operating in the cardiac implants market include Amg International (Germany), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Boston Scientific Corporation (US), Biotronik (US), Medtronic Plc (US), LivaNova PLC (UK), Terumo Corporation (Japan), and SynCardia Systems, Inc. (Arizona).
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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. 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.
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.
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Preclinical CRO Market Size 2020 : Share investment, industry Forecast

Preclinical CRO or contract research organizations is a unit for assisting pharmaceutical companies in pushing the drug to the clinical stage. The services provided by these organizations include studies for assessing the drug efficacy and safety in animal models. These organizations are able to offer honest feedback and prevent the rejection of the drug by federal agencies due to their stringent in-house policies. The global preclinical CRO market report compiled by analysts of Market Research Future (MRFR) contains a list of drivers, opportunities, and drawbacks written in a comprehensive manner.

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Market Overview

The global preclinical CRO market is poised to reach a stellar valuation of USD 5,234.7 million by 2024. It can exhibit a CAGR of 8.14% during the forecast period (2019-2024). The outsourcing of non-core functions, the rise in number of drugs in preclinical phases, and enhanced functions of these organizations to increase their value-added services are factors driving the market growth. High investments in research and development (R&D) and expansion plans of preclinical CROs can bode well for the market growth till 2024.

Rise in the failure rate of numerous drugs on commercialization is expected to spur the demand for preclinical testing and boost the market growth. According to a 2018 study published in Biostatistics, oncology clinical trials had a success rate of only 3.4%. The prevalence of various types of cancers will induce the need for novel drugs which break through the preclinical phase to development process rapidly. 

But continuous changes in the industry as well as high labor costs can be detrimental to the market growth.

Segmentation

The global preclinical CRO market size is segmented by service, therapeutic area, and end-user.

By service, it is segmented into bioanalysis and drug metabolism and pharmacokinetics (DMPK) studies, toxicology testing, and others. Toxicology testing is estimated to touch a value of USD 2,476.48 million by 2024. The expansion of the pharmaceutical industry combined with the immense demand for testing of new chemical formulations and drugs are likely to bolster the segment growth. On the other hand, the bioanalysis and drug metabolism & pharmacokinetics (DMPK) studies segment is expected to exhibit 8.96% CAGR during the forecast timespan due to efforts by companies to keep pace with the latest technological developments.

By therapeutic area, it is segmented into diabetes, oncology, central nervous system (CNS) disorder, infectious diseases, respiratory diseases, immunological disorders, cardiovascular diseases, and others.

End-users of the market are segmented into segments of academic institutes, medical device companies, and pharmaceutical and biopharmaceutical industries.

Regional Analysis

The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and North America are the main regions considered during the compilation of the market report.

The Americas accounted for close to 40.7% market share in 2018. It can exhibit 7.49% CAGR during the forecast period.

The APAC region can experience the fastest growth. India can showcase a CAGR of 9.44% during the forecast timespan. 

The Europe preclinical CRO market can surpass a valuation of USD 1,670.19 million by 2024. The outsourcing of primary function by major pharmaceutical and biopharmaceutical companies, low production costs and economical worker wages, and availability of skilled clinical researchers and scientists are factors expected to fuel the regional market growth. Germany is one of the biggest contributors to the regional market revenue followed by the U.K.

Competition Outlook

PRA Health Sciences, MD Biosciences, WuXi AppTec, PAREXEL International Corporation, IQVIA, Eurofins Scientific, ICON PLC, Medpace, Laboratory Corporation of America Holdings, Pharmaceutical Product Development, LLC, Envigo, and Charles River are prominent names in the global preclinical CRO market. Changes in business models, mergers, collaborations, and partnerships are major strategies employed by players to gain a head start in the intense competition. For instance, Cato Research LLC has merged with Specialized Medical Services-oncology BV for extending the current offerings of the former.

Industry News

Escient Pharmaceuticals has partnered with Eurofins Discovery for gaining faster approvals in its drug development process. The latter has a track record for providing preclinical discovery support for in-vitro fertilization treatment process.

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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 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.

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
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Latest News: Chlorhexidine Gluconate (CHG) Cloth Market Size, Trends and Demand

CHG Wipes Market Overview:

Global CHG Wipes Market has the backup to record a CAGR of 4.40% during the forecast period of 2018 to 2023 to reach USD 13948.89 thousand. These CHG wipes are antiseptic wipes with high amount of Chlorhexidine Gluconate (CHG) mixed in it. The process is to ensure better removal of bacteria and prevention of various infection. Market Research Future (MRFR) has focused well on the Chlorhexidine Gluconate Wipes Market and declared that this growth can be attributed to several factors of which hike in healthcare investment is expected to make better market growth. 

Various clinics and hospitals are launching substantial demand for the CHG Wipes Market due to the global implementation of stringent laws to protect patients from various infections. 

CHG Wipes Market Segmentation:

Global CHG wipes market, upon a consideration of various segments, reveals product type, CHG concentration, application, and distribution channel. These segments portray factors with greater details and open up possibilities of the market understanding. 

By product type, Chlorhexidine Gluconate (CHG) Wipes Market Report can be segmented into CHG bath wipes and CHG/alcohol-based wipes. 

By CHG concentration, the market for for Chlorhexidine Gluconate (CHG) Wipes includes into 2% and 0.5%. 

By application, the global CHG wipes market research includes catheter-associated urinary tract infections, central line-associated bloodstream infection, surgical site infection, and lens cleaners. 

By distribution channel, the for CHG Wipes Market encompasses hospitals & retail pharmacies and online platforms. The hospital and retail pharmacies segment had a valuation of USD 6,407.63 thousand in 2017.

CHG Wipes Market Regional Analysis:

Global CHG Wipes Market Trends, based on a detailed segmentation by MRFR, includes regions like the Americas, Europe, and APAC (Asia-Pacific) where the growth possibility for the market is quite substantial. In the Middle East and Africa region this growth would be a bit slackening due to the presence of several poor economies. 

The Americas can expect substantial growth for the global CHG Wipes market as the healthcare sector in the region is quite extensive and invites high investment. The market gets ample backups from the increase in number of patients who undergo surgical procedure. Disposable income of patients can also inspire better market possibilities. The increasing inclusion of well-developed technology can substantially push the regional market forward. The market has North America and South America of which the North part is performing well. 

Europe market is following the lead of the APAC region and their high healthcare expenditure is boosting the research and development sector. At the same time, CHG Wipes market growth can be backed by the presence of several market players who are devising diverse strategies to gain lead from the market. 

The APAC market can benefit from the changing healthcare sectors in various countries. The high number of patient population in the region can ensure hike in the number of patient population. This region is also the fastest-growing region. Countries like Australia, India, China, Japan, and others are expected to experience substantial growth in the market. 

CHG Wipes Market Competitive Landscape:

Several companies are making substantial changes in the global CHG Wipes Market. These companies try to initiate various moves that can influence personal growth and ensure cementing of their market presence. At the same time, these would also take the market forward by substantial margin. These companies are various 3M (US), Becton, Dickinson and Company (US), GAMA Healthcare Ltd (UK), Cardinal Health (US), PDI Limited (US), Carenow Medical Pvt. Ltd. (India), Pal International (UK), Lernapharm Inc. (Canada), and others. MRFR’s attempt to record their moves is to ensure better market understanding that would highlight trends suitable for the coming years. 

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Chlorhexidine Gluconate (CHG) Wipes Industry news

In February 2019, Medline announced a new procedure using which various hospitals and surgical centers can prepare their patients for operations. This pre-operative measure includes patient skin where standardized procedures ensure reduction of surgical site infections (SSIs). The company launched a new FDA-approved ReadyPrepTM CHG cloth. These clothes are pre-saturated and it contains 2 % chlorhexidine gluconate. This is an antiseptic that has the ability to remove infection-causing bacteria. 

Global Cardiovascular Application Market Share Dynamics, Trends, Opportunities, Drivers, Challenges

Market Overview:

Rapid advancement in technology is aiding the healthcare sector for the development of high-tech medical devices that can be used to ensure proper functioning of vital organs. Cardiovascular application includes the use of synthetic materials and advanced medical devices to help control abnormal functioning of the heart. Market Research Future (MRFR) has published a report stating that the global cardiovascular application market is market to expand at a notable CAGR of 7.24% during the forecast period of 2014-2023 and reach the valuation of USD 36730.5 Mn by the end of 2023.

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Market Drivers and Restraints:

Increasing prevalence of cardiovascular diseases caused due to changing lifestyle and rapid rise in geriatric population are inducing high demand for advanced medical devices, resulting in the significant expansion of the global cardiovascular application market. The introduction of upgraded versions of pacemakers that can be integrated with smartphones to keep a real-time check on the functioning of the heart is impacting positively on the growth of the global cardiovascular application market. However, lack of awareness regarding advanced medical devices, high cost of treatment and medical devices and poor healthcare facilities in the underdeveloped regions are likely to pose potential threat for the growth of the global cardiovascular application market during the forecast period.

Market Segmentation:

The global cardiovascular application market share has been segmented on the basis of devices and end users. Based on devices, the cardiovascular application market has been segmented into cardiac pacemaker, cardiac defibrillators, cardiac monitors, and others. The cardiac monitors segment is sub-segmented into resting ECG, ECG monitors, holter monitors, implantable loop recorder, and others. The cardiac defibrillator segment is sub-segmented into implantable cardioverter defibrillator and external defibrillator. The cardiac pacemaker segment is sub-segmented into implantable cardiac pacemaker and external cardiac pacemaker. The implantable cardiac pacemaker sub-segment includes single-chamber pacemakers, dual-chamber pacemakers, and biventricular pacemakers. 

Based on end users, the cardiovascular application market is segmented into cardiac care centers, ambulatory centers & home care, academic institutes, and others. 

Regional Analysis:

Geographically, the global cardiovascular application market has been segmented into four major regions such as the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas account for a major market share in the global cardiovascular application market owing to the rapid development of advanced medical devices in the well-developed healthcare sector of this region and increasing incidences suffering from cardiovascular disorders as a result of changing lifestyle. 

The cardiovascular application market in the Europe region is expanding at a noteworthy growth rate due to rise in prevalence of diabetes and cardiovascular diseases and high healthcare expenditure by the population in this region. The Asia Pacific region is projecting fastest growth in the global cardiovascular application market due to the increasing government support for development of affordable treatments and rise in adoption of advanced cardiovascular devices in the emerging economies in this region. The cardiovascular application market is projecting slow growth in the Middle East and Africa region due to the unavailability of proper health care services in the underdeveloped areas of this region.

Industry Updates:

In September 2018, researchers from Duke Clinical Research Institute have collaborated with Cerner, a developer of healthcare solution for the creation of web-based risk calculator application to assist doctors in calculating their patients' risk for atherosclerotic cardiovascular disease (ASCVD).

In September 2018, St. Jude Medical has launched a new diagnosis device named Confirm Loop Recorder. This device is implanted in the body at an angle near the heart in order to monitor abnormal heartbeats in patients with cardiovascular disorders.

In June 2018, a team of cardiologist from Mediclinic Panorama, Cape town have successfully implanted a latest pacemaker technology in an 84-year-old patient. This pacemaker, named 'His Bundle Pacing' (HBP), aids the patient in regaining synchronous contraction of both ventricles like a normal heart, unlike traditional pacemaker.

 Key Players:

Some of the prominent players that are profiled by MRFR in the report on the global cardiovascular application market are Abbott (the U.S.), General Electric Company (the U.S.), Medtronic (Ireland), Boston Scientific Corporation (the U.S.), KONINKLIJKE PHILIPS N.V. (The Netherlands), Terumo (Japan), Stryker Corporation (the U.S.), Edwards Lifesciences (the U.S.), Allergan Inc. (the U.S.), Smith & Nephew plc (the U.K), CR Bard Inc. (the U.S.), Sonova Holdings (Switzerland), and Dragerwerk AG & Co. KGa (Germany)

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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 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.

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
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Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

Barotrauma Market Forecast to Witness a Healthy CAGR Growth of 6.5% by 2023

​Market Highlights

Owing to the increasing cases of ear barotrauma, technological advancements, increasing healthcare expenditure, unmet medical needs, patent expiration of blockbuster drugs, enhancing regulatory framework, increasing government assistance, and rising funding and reimbursement, the barotrauma market has evolved significantly.

However, huge capital investments with low-profit margins, strict FDA regulations, and poor healthcare system in the low and middle-income countries are likely to hamper the growth of the barotrauma market over the forecast period.

It is estimated that the barotrauma market Forecast is expected to have a CAGR of 6.5% during the forecast period of 2017–2023.

Regional Analysis

The Americas dominates the barotrauma market owing to the increasing prevalence of ear barotrauma and high healthcare expenditure.

Europe holds the second position in the barotrauma market. The financial support provided by the government towards R&D and technological advancements are expected to drive the European barotrauma market. The increasing healthcare expenditure is also boosting the European barotrauma market.

According to the data suggested by Eurostat, it is observed that among the EU Member States, the highest value of healthcare expenditure was recorded in Germany in 2014, i.e., EUR 321 billion which is further followed by France with EUR 237 billion and United Kingdom with EUR 223 billion. In 2016, the R&D expenditure in the pharmaceutical industry was EUR 35000 million, suggested by the European Federation of Pharmaceutical Industries and Association.

Asia Pacific is the fastest growing barotrauma market owing to a huge patient pool and development in the pharmaceutical sector. Healthcare expenditure is found to be boosting in various regions of Asia Pacific. As per the data suggested by the Australian Institute of Health and Welfare during the year 2015–2016, the total health expenditure was nearly USD 170.4 billion, i.e., 3.6% higher than the expenditure of 2014–2015.

The Middle East and Africa holds the lowest share of the global market due to slow development, lack of technical knowledge, and poor medical facilities.

Segmentation

The global barotrauma market is segmented by type, diagnosis, treatment, and end-user.

On the basis of type, the barotrauma market is classified as ear barotrauma, sinus barotrauma, and pulmonary (lung) barotrauma.

On the basis of diagnosis, the barotrauma market is classified as otoscopy, X-ray, Computed Tomography (CT) scan, pulmonary function test, lung perfusion scan, Magnetic Resonance Imaging (MRI), pulse oximetry, and others.

On the basis of treatment, the barotrauma market is classified as pressure relief, medications, surgery, oxygen treatment, recompression therapy, and others. The medications segment is further classified as decongestant nasal sprays, oral decongestants, oral antihistamines, painkillers, antibiotics, and others. The surgery segment is further classified as Functional Endoscopic Sinus Surgery (FESS), tympanostomy, Single Laparoscopic Incision Transabdominal (SLIT), and others.

On the basis of end-user, the barotrauma market is segmented into hospitals and clinics, trauma centers, pharmaceutical companies, medical device companies, academic and research institutes, and others.

Key Players

Some of the key players in the global barotrauma market are 3M, Accurate Surgical & Scientific Instruments Corporation, AptarGroup, AstraZeneca plc., Atos Medical, CellScope, Entellus Medical Inc., GlaxoSmithKline plc, HEINE, Inventis, Johnson & Johnson Services, Inc., Merck & Co., Inc., Novartis AG, Olympus Corporation, Pfizer, Inc., Cipla Ltd., Mylan N.V., Preceptis Medical, Rudolf Riester GmbH, Shanghai Yuejin, SinuSys Corporation, Teva P harmaceutical Industries Ltd., Ranbaxy Laboratories Ltd., Sklar Surgical Instruments, Smith & Nephew Plc, Valeant pharmaceuticals International Inc., Hill-Rom, and others.

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