Latest Research on Biomarker Technologies Industry Size, Global Forecast by 2023

 Biomarker Technologies Market Insights

The biomarker test market is making significant strides over recent years. The market is witnessing an upward trajectory continually mainly due to the rising burden of pervasively growing rate of chronic diseases, and the technological advancements transpired in the biomarkers field. Moreover, the increasing demand for effective diagnostic processes and treatments are accelerating the growth of the market. 

According to Market Research Future (MRFR), the valuation of the global biomarker test is poised to escalate to 78 Billion by 2023 at a CAGR of 9%  CAGR throughout the assessment period (2019-2023). In 2018, the market valuation had reached USD 9,375, MN. Rising uptake of biomarker tests among most healthcare professionals to elucidate and support their clinical decision acts as a key driving force for the market. 

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The biomarker is defined as a measurable indicator of some biological state or condition. The term is also referred as a solid substance that detects and indicates the presence of a living organism. In medicine, a biomarker traces to examine proper functioning of any organ, whereas in cell biology, a biomarker is used for the detection of cellular defects and isolation of a cell type. And in genetics, a biomarker is a stretch of DNA sequence that can be used to create genetic maps for any organism. Even for diagnosis and clinical decision making, biomarkers are referred especially for cancer, diabetes, cardiovascular, and neurological diseases. These features of biomarkers are predominantly encouraging the global biomarker technologies to expand exponentially in the years to come. 

Global Biomarker Technologies: Drivers & Trends

The global biomarker technologies Industry is expanding globally under various factors such as   increased incidences of diseases—cancer, diabetes, cardiovascular, and neurological diseases, advances in medical technologies, governmental initiatives supporting research in biomarker technologies, and growing use of biomarkers to increase the accuracy of disease diagnosis. 

Currently, the most important applications of biomarkers are in discovery and development of drug. Here, the role of biomarkers in various therapeutic areas particularly cancer, cardiovascular diseases and disorders of the central nervous system, is described in well version. Biomarkers, thus, facilitates the combination of therapeutics with diagnostics and plays an important role in the development of personalized medicine. These factors are also influencing the global biomarker technologies market to expand tremendously during the forecast period. 

Apart from this, the growth of the global biomarker technologies market is mainly driven by more factors such as increasing healthcare expenditure and increasing research & developing funding. It has been observed, that the swelling utility of biomarkers in diagnostic process and new initiatives for biomarker research, all are aiding for the growth of the market. Nevertheless, the requirement of high capital investments for the discovery, development, and validation of biomarkers are somehow restraining the growth of the biomarker technologies market.

Also, on the flip side, factor of high cost of biomarkers are restricting the growth of the biomarker technologies market.

Market Segmentation

According to MRFR, the global biomarker technologies market has been segmented based on product type, profiling technology, disease application, and research areas.

By the product type, the market is segmented into consumables, instruments, services, and software/informatics.

By profiling technology type, the market is segmented into immunoassay, PCR, imaging technology, mass spectrometry, NGS, chromatography, cytogenetics, and other technologies. 

By immunoassay, the market is again segmented into ELISA, western blot, and protein microarray.

By disease application, the market is categorized as cancer, infectious disease, autoimmune diseases, neurological, cardiovascular disorders, and other disorders.

By research areas, the market is segmented into Genomics, Proteomics, Metabolomics, and other research areas. Metabolomics is further segmented into lipidomic and others.

Regional Outlook

On a geographical note, the global biomarker technologies market has covered main regions of Americas, Europe, Asia Pacific, and the Middle East and Africa. 

Among these, Americas is going to account for the largest share of the biomarker technologies market owing to the increasing prevalence of cancer, cardiovascular diseases, neurological as well as autoimmune diseases, and rising geriatric population. These factors are likely to enhance the growth of the biomarker technologies market. Also, the increasing patient pool is likely to enhance the market growth during the forecast period. Moreover, the increasing government initiatives and funding for research, development in advanced medical treatment options, and availability of favorable reimbursement policies are likely to propel the growth of the biomarker technologies market in the American region. 

While, Europe is the second market leader and holds a healthy share in the global biomarker technologies market and is expected to exhibit a sturdy growth rate during the forecast period owing to the availability of advanced treatment facilities and established healthcare infrastructure along with growing need for efficient and accurate diagnosis.

Whereas, Asia Pacific is expected to be the fastest emerging market owing to the increasing prevalence of chronic diseases is the major driver for the market growth. China and India are the first and second most affected countries with diabetes. The increasing number of diabetic patients can lead to the increasing patient number with cardiovascular diseases. Thus, these countries are expected to be the fastest growing regions due to the increasing patient pool, raising awareness about health, and availability of new treatment methods. 

The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness and limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers. With the increasing number of epidemic diseases in this region, many key players are willing to set up their research and development centers to find a cure for these diseases. This will increase the usage of biomarkers and thus, a steady growth rate might be seen during the forecast period.

Market Players

MRFR has listed some of the most active market players contributing to the market to expand, they are: Abbott Laboratories

• Agilent Technologies
• Thermo Fisher Scientific
• Roche
• Waters Corporation
• Danaher Corporation
• Shimadzu Corporation
• Danaher Corporation
• Siemens Healthcare

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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:
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Magarpatta Road, Hadapsar,
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NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

News: Bioanalytical Testing Services Market size, Research Report and demand

 Market Analysis

The global bioanalytical testing services market is likely to touch USD 1,867.30 million at a 12.95% CAGR between 2018-2023, as per the recent Market Research Future (MRFR) report. Bioanalytical tests are utilized in the commercialization of drugs, drug development, and drug discovery.

Numerous factors are adding to the global bioanalytical testing services market growth. These factors, according to the recent Market Research Future report, comprise the rising prevalence of chronic diseases, especially cancer that needs blockbuster drugs, outsourcing of testing services to CROs in developing economies for curtailing operational expenditure costs, patent expiry of certain drugs, and rising development of biologics. 

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Market Drivers and Key Challenges 

The growth in the outsourcing research and development (R&D) activities being undertaken by prominent pharmaceutical vendors striving to focus on their core competencies is expected to be an important driver in the market development. Moreover, the economic benefits received from outsourcing instead of conducting an in-house study will augment the demand for bioanalytical testing services in the near future, enhancing the market growth in the process. 

A large number of established sellers are going off patent, which is expected to bring in massive investments from drug manufacturers to refill their product pipelines. This is touted to be a significant reason supporting the growth of the bioanalytical testing services market. The Contract Research Organizations (CROs) have a diversified expertise in this field, compared to the pharma vendors when it comes to conducting clinical trials in a vast array of regions as well as the invention of drugs in certain therapeutic areas. This factor is bound to raise the demand for bioanalytical testing services in the pharmaceutical industry in the years ahead.

The augmented degree of complexity along with the rising standards to be complied with by a single molecule is another fundamental driving point of the bioanalytical testing services market. On top of this, numerous companies are needed to stay alert of every regulatory update, with the expertise as well as advisory services required to tally with the changing standards. These factors are deeme

Market Segmentation

The Market Research Future report provides an inclusive segmental analysis of the global bioanalytical testing services market based on test type and molecule type. 

By molecule type, the bioanalytical testing services market is segmented into large and small. Of these, the small segment will dominate the market during the forecast period. It is predicted to grow at an 11.94% CAGR for its key benefits against fighting chronic diseases. The large molecules, on the other hand, will grow at a higher CAGR of 14.76% for the development of biologics on large scale. Biologics are a key element in the manufacturing of proteins, vaccines, and others. Testing large molecules will become a lucrative opportunity for the market. 

By tests, the bioanalytical testing services market is segmented into bioequivalence, bioavailability, pharmacodynamics, and pharmacokinetics. Of these, the pharmacodynamics segment will lead the market during the forecast period. It is predicted to touch USD 467.25 million by 2023 as it is capable of determining the drugs’ dose concentration-response relationships. This will be followed by the pharmacokinetics market that is predicted to grow at a 13.96% CAGR. 

Regional Analysis

By region, the global bioanalytical testing services market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will dominate the bioanalytical testing services market over the forecast period. Factors adding to the growth of the bioanalytical testing services market in the region include constant technological advances in clinical and preclinical testing phases, rising prevalence of chronic diseases, and the presence of key pharmaceutical manufacturers in the region. It is predicted to touch USD 716.73 million at a 12.39% CAGR by 2023. 

The global bioanalytical testing services market in the APAC region is predicted to grow at the fastest pace over the forecast period for the presence of CROs in China as well as India. India is predicted to be the key destination for the region’s low production cost of drugs. Besides, factors such as huge investments being made by pharmaceutical giants as well as research organizations and developing healthcare infrastructure are also adding to the market growth. It is predicted to touch USD 435.05 million by end of 2023. 

The global bioanalytical testing services market in Europe is predicted to have a notable growth during the forecast period. It is likely to grow at a 12.94% CAGR. 

The global bioanalytical testing services market in the MEA will have a modest growth rate during the forecast period. 

Key Players 

Leading players profiled in the global bioanalytical testing services market report include Intertek Group plc (U.K.), ICON plc (Ireland), Pace Analytical Services, LLC (U.S.), SGS SA (Switzerland), inVentiv Health (U.S.), Charles River Laboratories, Inc. (U.S.), Toxikon (U.S.), Pharmaceutical Product Development (U.S.), Covance, Inc. (U.S.), WuXi AppTec (U.S.), and Laboratory Corporation of America Holdings (U.S.). 

Industry Update 

May 2019

Pharmascience Inc. is set to launch a new division called Royalmount Laboratories, which will raise the company’s expertise in bioanalytical operations. This will be possible owing to more efficiency in Cannabis testing for other companies. 

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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
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Latest Trends on Non-alcoholic Steatohepatitis (NASH) Biomarkers Market Size, Share and Growth Factors

Market Overview

NAFLD's diagnosis is of particular significance due to the chances of its moving to more severe stages. In addition, in early-stage diagnosis instances, the use of specific strategies such as growing physical exercise and dietary modification may avoid unpleasantness of the disease. Except in more severe stages of the disease, like non-alcoholic steatohepatitis (NASH), it's still necessary to detect it as soon as possible because of the risk for cirrhosis progression.

Biomarkers are important for testing and treatment approaches for fatty liver disease cases and for faster diagnosis of potentially life threatening NASH and NAFLD. This will allow for the diagnosis and treatment of disease using a clear biomarker blood test, thereby preventing a biopsy of the liver. Managing the inherent comorbidities that produce NASH syndrome is possible, and the natural history of this daunting disease should increase. Furthermore, biomarker approaches will interface work in biomedicine.

The global market for Non-alcoholic Steatohepatitis (NASH) Biomarkers Market is projected to witness a 20.92 percent CAGR and is expected to hit the US$1.960.4 million mark by 2024. The key factors that pave the way for the growth of the worldwide market for non-alcoholic steatohepatitis biomarkers are the expanding presence of NASH, growing need for non-invasive diagnostic testing and awareness-raising campaigns. On the opposite, the existence of stringent rules for the certification of biomarkers by the United States FDA is expected to slow the growth of the market during the forecast period.

Market Segmentation

The global market for non-alcoholic steatohepatitis biomarkers has been segmented on the basis of end users and type. Based on type, the market is segmented into Hepatic Fibrosis Biomarkers, Serum Biomarkers, and others. And by end user, the market segment covers CROs, pharmaceutical companies, and others. The study on the global market for non-alcoholic steatohepatitis biomarkers focuses on market value and size at corporate, local, and global levels. From a broader perspective, the study report portrays the total market size of non-alcoholic steatohepatitis biomarkers by examining existing market patterns, historical evidence and expectations for future development. Market revenue from various national markets has been applied to quantify the global market's total revenue. The study offers an outline of the solutions in the industry, and also demonstrates the pace of growth in the global market.

Regional Overview

Geographically, the global demand for non-alcoholic steatohepatitis biomarkers has been subdivided into MEA, Asia-Pacific, North America, Europe, and is sub-segmented into country level markets such as India, the United States, China, Japan, Australia, etc. The report provides comprehensive information from regional segments while covering local and global market size, regional market rivals, performance data, and statistics on exports and import. The study also discusses regional market patterns, trends, production and utilization rate of goods, revenue from the market sector, and the rate of growth. The report also covers the demand data from several industries and a wide range of opportunities present in the region that are expected to drive growth.

Industry News

Research has found a biomarker linked to the growth of non-alcoholic fatty liver disorder in human beings that could help doctors uncover early stages of the illness. The scientists also found that this biomarker, a protein classified as the 'neuronal regeneration-related protein', plays a critical role in controlling a mechanism that is now being investigated as a therapeutic choice for the condition in clinical trials.

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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

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com 

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Latest Research On Neurovascular Devices Market Forecast till 2023

Global Neurovascular Devices Market Research Report: Product (Aneurysm Coiling & Embolization Devices, Support Device) Therapeutic Application (Hemorrhagic & Ischemic Strokes) End-User (Hospitals, Ambulatory Surgical Units) – Global Forecast Till 2023

Neurovascular Devices Market Synopsis:

Increased incorporation of advanced technology in the healthcare sector has led to the development of various medical devices that can be utilized to treat complex medical conditions. Neurovascular devices are advanced medical devices that are used to treat various neurovascular diseases that can affect the central nervous system and associated vascular system. Market Research Future (MRFR) has published a report stating that the global neurovascular devices market is marked to expand at a noteworthy CAGR of 8.8% during the forecast period of 2017-2023.

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High prevalence of neurovascular diseases in developed and developing regions as a result of changing lifestyle and increased healthcare expenditure are majorly fueling the expansion of the global neurovascular devices market during the assessment period. Increased research and development expenditure and rapid technological advancement in the healthcare sector are also propelling the expansion of the global neurovascular devices market. However, poor economic conditions and lack of primary healthcare facilities are likely to restrain the expansion of the global neurovascular devices market during the forecast period. 

Neurovascular Devices Market Segmentation:

The global market for neurovascular devices has been segmented on the basis of product, therapeutic application, and end-user. Based on product, the neurovascular devices market has been segmented into aneurysm coiling and embolization devices, neurothrombectomy devices, support device, and cerebral balloon angioplasty and stenting systems. The aneurysm coiling and embolization devices segment has been sub-segmented into embolic coils, flow diversion devices, and liquid embolic. The embolic coils sub-segment includes detachable coils and pushable coils. The neurothrombectomy devices segment has been sub-segmented into retrieval systems and suction & aspiration devices. The support device segment has been sub-segmented into microguidewires and microcatheters. The cerebral balloon angioplasty & stenting systems segment has been sub-segmented into embolic protection systems and carotid artery stents. The embolic protection systems segmented is further segmented into balloon occlusion devices and distal filter devices. Based on therapeutic application, the neurovascular devices market has been segmented into hemorrhagic stroke and ischemic strokes. Based on end-users, the neurovascular devices market has been segmented into hospitals & clinics, and ambulatory surgical units.

Neurovascular Devices Market Regional Analysis:

Geographically, the global neurovascular devices market has been segmented into four major regions such as Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is dominating the global neurovascular devices market owing to the high prevalence of neurovascular diseases, increased healthcare expenditure as a result of increased disposable income, easy adoption of technologically advanced medical devices and the presence of well-developed healthcare sector in this region. The Europe region commands second largest share in the global neurovascular devices market owing to the rapid technological advancement and increased research and development activities for the introduction of advanced medical devices in the developed healthcare sector of this region. The neurovascular devices market in the Asia Pacific region is expanding at the fastest growth rate owing to the increased awareness regarding the availability of advanced medical devices and increased government funding for the development of healthcare sector in this region. Whereas, poor economic condition and absence of primary healthcare facilities in the underdeveloped countries are restraining the growth of the neurovascular devices market in the Middle East and Africa region.     

 Neurovascular Devices Market Top Key Players:

The key players profiled by MRFR that are operating in the global neurosurgery devices market are Stryker, Medtronic, Johnson & Johnson Services, Inc., TERUMO CORPORATION, Abbott, Merit Medical Systems, Inc., Medikit co., ltd., Penumbra, Inc., MicroPort Scientific Corporation, Evasc, Rapid Medical, Neuravi, W. L. Gore & Associates, Inc., OxfordEndovascular, Sensome, Blockade Medical, LLC., Delaware Corporation, Secant Group, LLC, and Gynesonics. The players in the global neurovascular devices market are aiming towards expansion of their businesses on global level by introducing advanced devices through increased research and development expenditure and strategic mergers and acquisitions are aiding these players in maintaining their dominance in the highly competitive environment of the global neurovascular devices market.

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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
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Analysis on Microdermabrasion Market 2020- Global Forecast to 2023

Microdermabrasion Market Scenario

Microdermabrasion is a minimal invasive technique involving spraying of tiny crystal for removal of thicker and even outer layer of skin. The microdermabrasion treatment diminished fine lines, wrinkles, acne scars, reducing the appearance of superficial pigmentation and sun damage. This procedure helps in thickening of collagen which results in younger skin complexion.

According to the American Society of Plastic Surgeon in 2015, nearly 15.9 million surgical and minimally invasive procedures were carried out in United States. The increasing demand for non-invasive cosmetics procedures is key driver to upsurge the market growth. Moreover, there is growing demand for microdermabrasion devices owing to more awareness and consciousness in people about their looks. Attraction of the youth towards western lifestyle and extensive use of cosmetics for skin care accelerate the growth of the market. 

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Apart from this, advantages like quick recovery, less time consumption and better results boosts the market growth. Additionally, development of new technologically advanced devices, and increasing demand for cosmetics also influence the growth of the market. 

The availability of alternative treatments like vibraderm, exfoliating products, chemical peels, photo abrasion and laser resurfacing are major restraints in market growth.  On the other hand, factors such as high procedural costs and risks of side effects followed by increasing use of the lasers in dermatology will retrain the market growth during the 2017 to 2023. 

The global microdermabrasion market is approximate to reach USD 802.44 million by 2023 from USD 609.79 million in 2016 at a CAGR of 3.42% from 2017 to 2023.

Global Microdermabrasion Market –Competitive Landscape

The global microdermabrasion market is observed to be growing due to increasing developments by the prominent players in this market like Johnson & Johnson Services Inc., Procter & Gamble, Altair Instruments, Derma TX and other companies which boosts global microdermabrasion market. The key players in this market focuses on strategy to maintain its position in this market such as use of advanced technology for developing products, tie-ups with online portals and collaborations with other companies.

April, 2017 Johnson & Johnson announced tie-up with online portal aCommerce for selling company’s skincare product brands Neutrogena and Aveeno skincare. This collaboration helped the company to increase its skincare market in Philippines.

January, 2017 Derma TX Advanced skin care launched a microdermabrasion system for treatment of specific skincare issue. This launch aided rise in the company’s business in cosmeceutical skincare products.

March, 2014 Proctor & Gamble Beauty scientists offered insights into new ingredient formulation and effective skin care routines at 72nd Annual Meeting of the American Academy of Dermatology (AAD). Proctor & Gamble researchers showcased advanced studies in skincare technologies which included topics like cellular bioenergetics, anti-aging technologies, sensitive body wash efficiency and microdermabrasion systems.

Regional Analysis

The Americas is leading region in global microdermabrasion market owing to increasing prevalence of skin diseases such as acne, rising demands for outpatient and minimally invasive microdermabrasion procedures, and growing expenses on the cosmetics within this region.

The European region holds second largest market share in the global microdermabrasion market due to increasing incidence of skin related problems and increasing demand for anti-wrinkle and anti-aging treatments. Additionally, growing awareness about use of advanced technologies for skincare and rising healthcare expenditure facilities boosts the market growth in this region.

The Asia Pacific is the fastest growing market due to increased consumer awareness about aesthetic skin care treatment and growing demand for minimally invasive procedures and the growing prevalence of dermal conditions fuels the market growth in this region. Further, increasing prevalence and growing incidence of conditions of hyperpigmentation, stretch marks, and others fuels the market growth in this region.

The Middle East and Africa is the least growing market due to lack of awareness about microdermabrasion procedure and presence of poor countries especially in African region. The Middle East dominates the market in this region owing to huge healthcare expenditure and developed healthcare sector. Additionally, the presence of developed countries like Kuwait, Qatar and Saudi Arabia boosts the microdermabrasion market in this region.

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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.

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Akash Anand
Market Research Future
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Latest Research Report Emergency Department Information System (EDIS) Market

Market Synopsis:
As per the report published by Market Research Future (MRFR), the global Emergency Department Information System (EDIS) Market is set to thrive exponentially at a CAGR of 15.10% during the forecast period 2017 to 2023. These systems are designed to enhance the quality of emergency services by taking care of functions such as clinical documentation, patient entry, patient and resource tracking, etc. It is presumed to gain popularity globally in the foreseeable future owing to the rapid developments in the healthcare sector.

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One of the key factors responsible for dictating the future trajectory of the global emergency department information system market is the increasing geriatric population. Elderly people are always at a higher risk of developing diseases, and the increase in their population has necessitated the adoption of technologically advanced systems in the healthcare sector. This, in turn, has paved the way for emergency department information systems into the hospitals and clinics.

Other factors that are likely to complement the proliferation of the emergency department information system market include rising healthcare expenditure, growing patient pool, increasing need for advanced treatments, etc. In addition, the growing number of hospitals and clinics in the developing regions resonate strong potential for growth in the upcoming years.

Market Segmentation:
On the basis of component, the global emergency department information system market has been segmented into software, services, and hardware. Furthermore, the software is sub-segmented into Best-of-Breed solutions and enterprise solutions.

On the basis of delivery mode, the emergency department information system market has been segmented into Software-as-a-Service and on-premise.

On the basis of the application, the global emergency department information system market has been segmented into clinical functionalities and administrative functionalities.

On the basis of the end users, the emergency department information system market has been segmented into large hospitals, medium-sized hospitals, and small hospitals.

Regional Analysis:
The global emergency department information system market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas had the largest share of the market in 2016 and is poised to grow significantly over the next couple of years. The factors that are favoring the expansion of the emergency department information system in the region include consolidation of key players, accelerated adoption of novel technologies, technological innovations, etc.

Asia Pacific is set to strike a high CAGR of 15.71% during the forecast period. It is estimated to emerge as the fastest growing regional market towards the end of the assessment period. Factors such as rapid healthcare developments, strong economic growth rate, increasing count of healthcare providers, etc. are expected to augment the emergency department information system market in the region.

Europe is a significant growth pocket positioned at the second position in the marketplace. Meanwhile, the Middle East & Africa is anticipated to account for the least share of the global market. The slow growth rate is attributable to the slow economic development and low income.

Competitive Dashboard:
Some of the key players profiled in the report are Allscripts, Cerner Corporation, Mckesson Corporation, Healthland, Inc, Epic Systems, Evident, Logibec Canada, T-System Inc, Siemens Healthcare, EPOWERdoc, Inc, Medical Information Technology, Inc, Unitedhealth Group, Inc, veEDIS Clinical Systems LLC, Medhost Inc, and Wellsoft.

Industry News:
In August 2018, Allscripts Healthcare Solutions, Inc., a healthcare service provider, has achieved full accreditation for Allscripts PayerpathTM with the Healthcare Network Accreditation Program (HNAP).

In July 2018, Virginia has launched an Emergency Department Care Coordination Program where all of its emergency departments are electronically linked for improved care and trimmed costs.

In January 2019, the Centers for Medicare and Medicaid Services (CMS), a federal agency within the United States Department of Health and Human Services has initiated posting prices of healthcare services online.

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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

+1 646 845 9312

Email: sales@marketresearchfuture.com

Global Growth on Diagnostic Imaging Services Market- Size, Share and Research Report

Diagnostic Imaging Services Market Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application (Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) - Global Forecast Till 2023

Market Highlights

The Global diagnostic imaging services market share is projected to grow at a CAGR of 8.2% over the forecast period. In recent years, diagnostic imaging services improved their efficiency and accuracy for the of various acute and chronic diseases including cardiovascular diseases and cancer. The increasing prevalence of geriatric population and subsequent growth in the incidence of cardiac, and neurological diseases including cancer, growing government funding’s for development of medical diagnostics field, and the on-going technological advancements in imaging services are some factors that are anticipated to drive the market growth during the assessment period.  Additionally, increasing demand for diagnostic imaging devices and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, high cost of diagnostic imaging devices and unfavorable reimbursement policies may hamper the market growth during the assessment period.

 

Segmentation

The Global diagnostic imaging services market has been segmented into procedure, application, and service provider.

By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others. The procedure segment is estimated to hold major market share in the global diagnostic imaging services market due to the rising R&D activities in the medical diagnostics field.

On the basis of application, the global diagnostic imaging services market has been segmented into Neurology, Cardiology, Oncology, Musculoskeletal and others.

The Global diagnostic imaging services market, by service provider, has been segmented into Clinics & Hospitals, Diagnostic centers, Research laboratories and others.

Key Players

Some of the prominent players in the global diagnostic imaging services market are Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others. 

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Regional Analysis

On regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market owing to the growing clinical R&D budgets by both government as well as public and private organizations in diagnostic imaging modalities and increasing adoption of advanced technologies in the region.  Additionally, rising prevalence of geriatric population along with various chronic diseases is contributing the growth of this market. According to a report by Population Reference Bureau, the number of older population (aged 65 and above) will rise to nearly 24% from 15% by 2060. Europe is expected to hold the second largest position in the global diagnostic imaging services market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Moreover, rising healthcare expenditure and awareness among people for detection of diseases is boosting the market in this region. The Asia-Pacific region is anticipated to be fastest growing region is due to rising demand for imaging devices, good quality healthcare infrastructure and incidence of major key players for growth and development in this region. The Middle East & Africa has the least share of the global diagnostic imaging services market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

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