Future Scope Of Esophageal Dysphagia Market Size, Trends, Demand And Growth Factors

 Market Highlights

The esophageal dysphagia market is expected to witness tremendous growth owing to the rising prevalence of oral cancer. Other key factors such as the change to sedentary lifestyle, increase in smoking and increasing of fungal infection are contributing towards the growth of the market.  However, factors such as the high cost of surgical procedures, the allergic reaction of medication and the side effects associated with treatments are expected to restrict the market growth during the forecast period.

Segmentation

The global esophageal dysphagia market Size is segmented on the basis of diagnosis, treatment, products, and end-user. The esophageal dysphagia market, by diagnosis, is categorized into X-ray, Dynamic swallowing study, Endoscopy, Manometry and Imaging scans. Imaging scans is sub-segmented into MRI scan, CT scan. On the basis of treatment, the market is segmented into esophageal dilation, surgery, medications, lifestyle changes. Surgery is sub-segmented into stent placement, and laparoscopic heller myotomy. On the basis of products, the market is segmented into feeding tube, nutritional solutions and drugs. Feeding tube is sub-segmented into the nasogastric tube, percutaneous endoscopic gastrostomy. Nutritional solutions are sub-segmented into thickeners, beverages, and purees. On the basis of end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers, and others.

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Regional Analysis

The Americas is the largest in the market owing to the increasing prevalence of cardiac diseases, trauma to the neck, head, or spine and growing healthcare expenditure. Other risk factors for esophageal dysphagia are human papillomavirus, Plummer-Vinson syndrome and irradiation of the esophagus. According to the Genital HPV Infection, (GHI) Fact Sheet 2017, 79 million American adults were infected with human papillomavirus. Such a high incidence of (HPV) drives the market growth in this region.

Europe (UK, Belgium, France, and Netherlands) is expected to be the second largest esophageal dysphagia market during the forecast period. The increasing occurrence of cancer drives the market in this region. According to Cancer Research UK in 2015, there were 359,960 new cases of cancer. Thus, the growing cases of cancer facilitate the market growth.

Asia-Pacific was projected to be the fastest growing region for the global esophageal dysphagia market in 2017. The market is expected to witness growth owing to the rising prevalence of alcohol ingestion and smoking in this region. According, to the World Health Organization in 2015, 47.6% and 33.7% of people smoked tobacco in China and Japan, respectively. This is expected to provide favorable backgrounds for the market to grow.

The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, the rising oncology and palliative care services both at the hospital level and in the community are expected to influence the market in a positive way.

Key Players

Some of the key players in the global esophageal dysphagia market are Merck Sharp & Dohme Corp., Biostagel, Torax Medical, Inc., NinePoint Medical, Inc., Elekta AB, Eisai Co Ltd, Cipla Ltd., AstraZeneca Plc, Kent Precision Foods Group, Inc., Nestlé Health Science France, Nutricia Ltd, C.R. Bard, Inc., Cook Medical Incorporated, and others. 

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ECG Market is Supposed to Grow $10,487.24 Million by 2025 ECG Market Size is Register at 6.72% CAGR to Reach US $10,487.24 Million by 2025

 

Global Diagnostic Electrocardiograph (ECG) Market  Highlights

According to MRFR analysis, Global Diagnostic Electrocardiograph (ECG) Market is expected to register a CAGR of 6.72% during the forecast period of 2019 to 2025 and reach USD 10,487.24 Million by 2025.

Diagnostic electrocardiograph (ECG) is a test that is used for the detection of electrical signals that are produced by the heart every time it beats.

The growth of the global diagnostic electrocardiograph (ECG) market can be contributed to the increasing prevalence of cardiovascular diseases, rising geriatric population, and the developing healthcare infrastructure. According to data published by the World Health Organization (WHO), in February 2018, the world’s population over 60 years is expected to double from 12% in 2015 to 22% in 2050.

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Furthermore, the rising incidence rate of lifestyle diseases, technological advancements in wireless monitoring & wearable devices, and the increasing R&D expenditure by market players to develop novel ECG devices are also expected to fuel the market growth during the forecast period.

However, the dearth of skilled professionals, uncertainty in market saturation & economic circumstances, and irregular reimbursement policies are expected to restrain the growth of the global diagnostic electrocardiograph (ECG) market.

Several market players such as Koninklijke Philips N.V., General Electric Company, and Nihon Kohden Corporation, among others currently dominate the global diagnostic electrocardiograph (ECG) market. The key players are involved in awareness campaigns, mergers, and strategic collaborations to strengthen their market positions. For instance, in May 2018, General Electric Company collaborated with Preventice Solutions, to expand its ECG services and create a more holistic solution for monitoring its ambulatory ECG patients.

Regional Analysis

The ECG market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2018, owing to the rising prevalence of cardiovascular diseases in the region. The diagnostic electrocardiograph (ECG) market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European diagnostic electrocardiograph (ECG) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The diagnostic electrocardiograph (ECG) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The diagnostic electrocardiograph (ECG) market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

The Global Diagnostic Electrocardiograph (ECG) Market has been segmented based on the product Type, Lead Type, and End User.

Based on the product type, the global diagnostic electrocardiograph (ECG) market has been segmented into resting ECG devices, stress ECG devices, implantable loop recorders, mobile cardiac telemetry devices, event monitors, Holter monitors, and smart ECG monitors. The resting ECG devices segment held the largest market share in 2018, owing to its high usage in hospitals across the world.

On the basis of lead type, the market has been segmented into 12-lead ECG devices, 5-lead ECG devices, 3-lead ECG devices, 6-lead ECG devices, and single-lead ECG devices. The 3-lead ECG devices segment is expected to grow at the fastest CAGR during the forecast period owing to its increasing usage in a variety of cardiac diagnostic tests.

The market based on end-user has been segmented into hospitals & clinics, ambulatory surgical centers, and others. The ambulatory surgical center's segment is expected to demonstrate the fastest growth during the forecast period due to its increasing popularity in developing countries.

Browse in-depth TOC on "Diagnostic Electrocardiograph (ECG) Market"
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Key Players

Some of the Key Players in the Global Diagnostic Electrocardiograph (ECG) Market are General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Hillrom Services, Inc. (US), Spacelabs Healthcare (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Schiller (Switzerland), ACS Diagnostics (US), BPL Medical Technologies (India), Fukuda Denshi (Japan), BTL (US), Edan Instruments, Inc. (China), Cardioline SpA (Italy), Norav Medical (US), Innomed Medical Inc. (Hungary), and VectraCor, Inc. (US).

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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.
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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Global Diabetes Monitors Market Growing at a CAGR of 8.13% By Market Growth, Trends, Absolute Opportunity and Value Chain 2018 to 2023

 According to Market Research Future (MRFR), the global diabetes monitors market is estimated to grow at a CAGR of 8.3% from 2017 to 2023 (forecast period). The report presents an in-depth description of the present scenario, the economic condition and COVID-19 analysis of the overall industry.

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Diabetes mellitus is a chronic condition caused by the inadequacy of insulin in the body. The condition induces either high blood glucose concentrations, called hyperglycemia, or low glucose levels, known as hypoglycemia. Monitoring glucose levels is expected to improve life expectancy by allowing hypoglycemia or hyperglycemia to be managed. The self-monitoring method is most commonly used to check blood glucose levels. The method involves collecting blood from a finger or other part of the body to be examined with the aid of test strips and a glucometer.

While the blood remains the most widely used sample, other biological fluids such as ocular fluid, sweat, breath, interstitial fluid, saliva, or urine can also be used as substitute samples for continuous non-invasive monitoring. Since a cure for diabetes has yet to be developed, managing this condition is the most effective way to control it. Glucose monitoring is used to improve treatment strategies and provide insight into the impact of diet, medication, and exercise on the patient.

 

Diabetes Monitors Market Dynamics

Rising prevalence of diabetes is the key factor driving the demand for diabetes monitors. According to the National Diabetes Statistics Report stated by the Centers for Disease Control and Prevention, 9.4% of the U.S. population, i.e., 30.3 million people, had diabetes in 2015. The rising prevalence of diabetes in low-and middle-income countries appears to be fuelled by the nutritional transition, rapid urbanization, and growing sedentary lifestyles indicated by a study published in the journal Pharmacoeconomics in 2015.

Certain factors such as increased technological innovations, massive support for diabetes diagnosis and treatment research, increased acceptance by regulators, and an increase in the global prevalence of obesity is also spurring market growth. As per the Fogarty International Center, the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) and two renowned Indian research agencies took the initiative to fund a collaborative diabetes research agenda in 2013.

However, strict reimbursement policies and high costs associated with diagnosing and treating diabetes can impede market growth over the forecast period. As per a research report published in the Journal of Diabetes Science and Technology in 2015, it has been found that only a few patients in Germany, i.e., < 2000, use continuous glucose monitors (CGM) due to high costs.

 

Diabetes Monitors Market Segmentation

The global market for diabetes monitors has been segmented based on sample, type, component, and end-users.

Based on the sample, the global market for diabetes monitors has been segmented into blood samples, sweat samples, urine samples, and others.

Based on type, the global market for diabetes monitors has been classified into point sample test based glucose monitors, continuous glucose monitors, and enzyme-free sensor-based glucose monitors. Continuous glucose monitors are further divided into disposable sensor-based CGM and re-usable sensor based CGM.

Based on components, the global diabetes monitors Market has been segmented into lancet, glucose test strips, and sensors. Sensors are further divided into enzyme-based sensors and enzyme-free sensors

Based on end-users, the global market for diabetes monitors has been segmented into diagnostic clinics, hospitals, and homes.

 

Diabetes Monitors Regional Analysis

Region-wise, the global market for diabetes monitors has been segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. 

The Americas dominate the market for diabetes monitors due to the size of the patient population, well-developed infrastructure, high healthcare expenditure, and the strong presence of leading players. Owing to the high prevalence of the condition, companies, private entities, and government agencies are actively interested in improving diabetes care. For example, the Merck Foundation provided USD 10,000,000 to support programs designed to expand access to diabetes care and minimize health disparities for disadvantaged people with type 2 diabetes in the United States.

Europe is second in the market for diabetes monitors. The funding given by government bodies for research and development, along with well-developed technology, is expected to propel the European region's market. As per the German Maternity Guidelines, every pregnant woman should undergo a glucose challenge test for early diagnosis of Gestational Diabetes Mellitus (GDM). Women's health insurance entirely covers charges for the test.

The Asia Pacific region is expected to be the fastest-growing region in the forecast period. Growing need for cost-effective glucose monitoring devices, rapidly evolving technology, and the existence of a wide patient pool is boosting the growth of this market in the Asia Pacific region.

The Middle East and Africa has the least market share due to weak and slow developing countries, especially in the African region.

 

Diabetes Monitors Market Studied by Key Players

Some of the key participants identified by MRFR in this market are Panasonic, Abbott Laboratories, Dexcom, Inc., F. Hoffmann-La Roche Ltd, Medtronic, LifeScan, Inc., Sanofi, and others.

 

Intended Audience

• Medical Devices Companies
• Hospitals & Clinics
• Research and Development (R&D) Companies
• Government Research Institute
• Academic Institutes and Universities 

 

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List Of Tables:

TABLE 1 GLOBAL DIABETES MONITORS MARKET,BY SAMPLE USD MILLION 2014-2023 41

TABLE 2 GLOBAL DIABETES MONITOR MARKET FOR BLOOD SAMPLE USD MILLION 2014 – 2023 42

TABLE 3 GLOBAL DIABETES MONITOR MARKET FOR SWEAT SAMPLE USD MILLION 2014 – 2023 43

TABLE 4 GLOBAL DIABETES MONITORS MARKET BY TYPE USD MILLION 2014 - 2023 45

TABLE 5 GLOBAL CONTINUOUS GLUCOSE MONITORS MARKET BY TYPE USD MILLION 2014 – 2023 46

TABLE 6 GLOBAL DIABETES MONITOR MARKET FOR POINT SAMPLE TEST BASED GLUCOSE MONITORS

USD MILLION 2014 – 2023 47

TABLE 7 GLOBAL DIABETES MONITOR MARKET FOR CONTINUOUS GLUCOSE MONITORS

USD MILLION 2014 – 2023 47

TABLE 8 GLOBAL DIABETES MONITOR MARKET FOR ENZYME FREE SENSOR BASED GLUCOSE MONITORS

USD MILLION 2014 – 2023 48

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Dental Sterilization Market are highly positive and indicate a strong growth pattern over the review period

 Dental Sterilization Market Research Report by Product (Sterilization Equipment, Surface Disinfectant, Instrument Disinfectant, Washer Disinfector, Lubricant, Cleaning Solutions), End-User (Hospitals, Dental Laboratories) - Global Forecast To 2023

Dental sterilization is a highly crucial part of maintaining the tools and techniques related to dentistry. As per the latest published report by Market Research Future (MRFR), the global dental sterilization market is expected to grow at a CAGR of 6.90% during the forecast period of 2017 to 2023. The market valuation is expected to jump from USD 1.11 billion back in 2017 to USD 1.5 billion by the end of the forecast period.

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A key driver influencing the demand for dental sterilization is the widespread prevalence of dental related diseases or disorders. Dental caries, one of the most common tooth-related issues, is one of the primary reasons behind the loos of tooth and remains a significant concern across developed economies in the world. Consumption of fast food and sugar-rich food items are acting as the main culprits behind incidences of tooth decay and is likely to continue in the coming years as well, thereby driving the growth of the market over the forecast period.

One of the biggest results out of the growing prevalence of dental diseases have been the rising number of dental care facilities. The growth factor associated with the dentistry field is likely to continue in the near future. This, in turn, helps drive the dental sterilization market towards a period of growth.

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Market Segmentation

The global dental sterilization market comprises of the following segments: products and end-users.

By product type, the market includes consumables, instruments, and accessories. Among these, the instruments segment is most likely to maintain its dominance over others in terms of market share contribution during the forecast period.

By end-user, the market divides into dental laboratories and hospitals. The hospitals segment is most likely to remain the largest contributor of the two during the forecast period.

Regional Analysis

The geographical segmentation of the global dental sterilization market covers the following regions, Europe, Asia Pacific, North America, and the Rest of the World.

North America leads the chart with the highest market share percentage in the global dental sterilization market. This is primarily due to the widespread prevalence of dental-based diseases in the region and ease of availability concerning the use of advanced dental sterilization equipment. Dental caries is one of the most common requirement in dental hygiene, especially in the US, and affects close to 90% of the school-going children. All these factors are poised to make the North American market maintain its topmost standings over the forecast period.

The Asia Pacific region is considered to be an emerging region in the global landscape, however, it plays a major role in the overall development of the market. Herein, fast-paced urbanization in developing countries like India and China has incepted the adoption of Western-like diet system. This has posed to be an increasing problem for the dental health of consumers residing in the Asia Pacific region. Alongside this, the growing number of dental care centers and clinics across these countries is increasingly likely to drive the demand for the global dental sterilization market in the Asia Pacific region during the forecast period.

Competitive Analysis

The global dental sterilization market comprises of a number of key players, including Matachana Group, Planmeca Group, Danaher, A-Dec, Hu-Friedy, Scican, Tuttnaue, W&H, BMT Medical Technology, Getinge, Midmark, Dentsply Sirona, Nakanishi, Crosstex, and Premier Dental.

March 12^th, 2019, Planmeca became the first-ever dental manufacturer to offer a comprehensive suite of IoT solutions for large clinics as well as clinic chains. The unique device of Planmeca makes it easy to access different sets of data and analyze the same.

March 12^th, 2019, Planmeca and Navigate Surgical Technologies, aka NST, a recognized provider of real-time surgical navigation services, announced their collaboration in order to launch innovative solutions for dental implant surgeries. The partnership is promises to offer dental implant surgeons to deliver enhanced and clinical patient outcomes. The tech offers more precise and accurate implant placement.

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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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Spirometry Market Demand, Global Trends, Analysis, Covid19 Impact and Forecast

 Spirometry Market Overview:

The global spirometry market is expecting to touch a valuation of USD 1,106.46 million by 2023, according to Market Research Future (MRFR).  The high prevalence of respiratory disorders is the major factor driving the market growth from 2018 to 2023 (forecast period). Rising cases of chronic obstructive pulmonary disorders (COPD), technological advances in respiratory care devices, and the expanding geriatric population are factors expected to spur market demand till 2023. As per a report by Asthma UK in 2016, nearly 1,410 people died from asthma.

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Government initiatives to curtail smoking habits, focus on breathing diseases, rising levels of air pollution, and adoption of spirometers at homes are factors likely to augur market growth. Awareness of reimbursement policies among the public and clinicians are projected to drive patients towards taking these tests. But high costs of spirometers can act as a deterrent against market growth.

Spirometry Market Segmentation:

The spirometry market forecast can be segmented by product, technology, application, and end-user.

By product, the market is segmented into table-top spirometry, hand-held spirometry, and desktop (PC) spirometry. The table-top spirometry segment accounted for 49.9% market share in 2017, followed by hand-held (31%), and desktop (19.1%). This can be attributed to adoption of spirometers in hospitals and clinics. But the desktop segment is touted to register the highest CAGR of 10.58% during the forecast period owing to its rapid diagnosis rate and increasing use of computer-based applications.

By technology, the market covers flow measurement spirometry, volume spirometry, and peak flow meters (PFM). The flow measurement spirometry segment accounted for 50.3% share in 2017. This can be attributed to its lightweight nature and compact size. Its functionality based on the familiar table-top spirometer technology and lack of frequent calibration make it popular among clinicians. But the PFM technology can register 10.58% CAGR over the forecast period to reach USD 149.76 million by 2023.

Major applications of the spirometry market include diagnostic and treatment monitoring. The diagnostic segment is further sub-segmented into asthma, interstitial pulmonary fibrosis, and COPD. The diagnostic segment accounted for 68.93% share of the market in 2017, spurred by the prevalence of breathing diseases such as asthma. But the treatment monitoring segment can exhibit the highest CAGR during the review period to reach a valuation of USD 353 million by 2023. Its valuation in 2018 was suggested to be USD 214.12 million.

Key market end-users include hospitals & clinics, research & academic institutes, diagnostic centers, and home care. The home care segment is projected to enjoy a 9.90% CAGR to reach a valuation of USD 71.14 million by 2023 from USD 44.38 million in 2018.

Spirometry Market Regional Analysis:

The spirometry market covers the latest trends and opportunities across Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas accounted for 39.74% share in the global market in 2017, followed by Europe and APAC. This can be attributed to economies such as the U.S. which are the earliest adopters of latest technologies coupled with the large patient pool suffering from respiratory disorders. The region is likely to enjoy a 10.25% CAGR over the forecast period.

The Europe spirometry market is expected to enjoy a CAGR similar to the Americas market over the forecast period to touch a valuation of USD 322.33 million by 2023. This can be credited to rising number of asthma cases and ballooned healthcare expenditure of nations such as Germany and France.

The MEA region can experience a respectable CAGR during the review period owing to improvements of healthcare infrastructure and enhanced healthcare budgets of Kuwait, Qatar, and Dubai.

The APAC region is expected to exhibit a 10.94% CAGR over the forecast period owing to high cases of chronic diseases, awareness of respiratory devices, and increased healthcare budgets of developed nations in the region. The growing geriatric populace in China and Japan can contribute to regional market revenue till 2023.

Spirometry Market Competitive Dashboard:

Key players in the spirometry market include Smiths Medical Inc. (U.S.), Vitalograph (U.K.), MGC Diagnostics Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Schiller AG (Switzerland), COSMED srl (Italy), Midmark Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Carefusion Corporation (U.S.), Nihon Kohden Corporation (Germany), and Koninklijke Philips N.V. (The Netherlands).

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Covid19 Impact on Healthcare Industry Report

Gastroscopes Market research Report - Global Forecast till 2023: https://www.marketresearchfuture.com/reports/acute-myeloid-leukemia-treatment-market-3223

Advanced Baby Monitors Market research Report - Global Forecast till 2025: https://www.marketresearchfuture.com/reports/advanced-baby-monitors-market-6525

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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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Covid19 Impact On Neurovascular devices Market Trends, Demand, Size, Share And Forecast

 

Neurovascular devices are increasingly being used in for treating and management of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm. As the global burden of neurovascular disorders continue to rise, the demand for their treatments gains further traction. Neurovascular disease are complex in nature and hence preference for minimally invasive procedures is higher. This, in turn, is driving the sales of neurovascular devices across the globe. Market Research Future (FRMR) is its latest report asserts that the global market for neurovascular devices will grow at a healthy rate over the next couple of years.

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Incessant product innovation, increased product marketing and favourable reimbursement policies are driving the global market for neurovascular devices. Other factors that are reflecting favourably on the market include expansion of the geriatric population, and advances in medical technology in the field of interventional neurology.  Moreover, neurovascular devices are also used in treating patients suffering for ischemic stroke or haemorrhagic. It has been observed that neurovascular device assisted interventional procedures are replacing the traditional neurosurgeries. Owing the low risk of damaging surrounding tissues and minimal surgical trauma, interventional procedure are more favoured as compared to neurosurgery. At the same time, chances of infection is significantly when neurovascular device based treatment. On the other hand, inadequate number of hilly skilled neurologist, particularly in developing countries expected to have a negative impact on the growth of the market. High cost of neurovascular devices continue to limit their user base despite their increased efficiency.

Latest Industry Highlights:

·         Perflow Medical, a renowned medical devices manufacturing company based in Israel, which is primarily engaged in developing novel solution for neurovascular interventions. Has recently announced that the company successfully approved a $12 Mn funding from its investors. Reportedly, the funding syndicate in included two new international investors with the existing stakeholders.

·         Junkosha a US-based company has recently introduced a unique peelable heat shrink. The technology will reportedly enable access to intricate parts of the vascular system with minimal risk of damage to the surroundings.

Global Market for Neurovascular Devices – Segmental Analysis

MRFR in its report has offer comprehensive segmental analysis of the market based on therapeutic application, end-user and product. By therapeutic application, the market is bifurcated into ischemic strokes and hemorrhagic stroke. Based on end user, the market is segment into ambulatory surgical units and hospitals & clinics. By product type, the market is segmented into stenting systems, neurothrombectomy devices, cerebral balloon angioplasty, aneurysm coiling & embolization devices and support device.

Regional Overview

The Americas is expected to hold the dominant position in the global market for neurovascular devices. This is primarily attributed to the rising incidences of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm across North and South America. In addition, presence of major players and rising healthcare spending among Americans is propelling the market in the region. Improved reimbursement scenario and rapid adoption of neurovascular devices in neurological centers across the region is also proving an impetus to the market. Asia Pacific and Europe are two other regions anticipated to present significant growth opportunities for market during the forecast period.

Global Market for Neurovascular Devices – Competitive Analysis

Leading companies operating in the global market for neurovascular devices include Medtronic, TERUMO CORPORATION, Merit Medical Systems, Inc., Penumbra, Inc., Evasc, Neuravi, Sensome, Delaware Corporation, Gynesonics, Stryker, Johnson & Johnson Services, Inc., Abbott, Medikit co., ltd., MicroPort Scientific Corporation, Rapid Medical, W. L. Gore & Associates, Inc., Blockade Medical, LLC., OxfordEndovascular, and Secant Group, LLC. A majority of these market participants are actively focusing on expanding market presence by engaging in merger & acquisition and reaching offshore distribution agreements with third party vendors.

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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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Veterinary Pain Management Market-Trends, Demand, Covid19 Impact, Research Report

 Veterinary pain management market is growing rapidly and pervasively mainly due to the spreading awareness towards animal care. People are generally compassionate towards their pets, and they are increasingly becoming aware of animal physiology and psychology and the pain they go through during sickness, injuries, recoveries and after effects of the diseases. Besides, factors such as the increasing number of pet owners and the strengthening bond between owners and their animal companions escalate the market on the global heights. 

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Veterinary care is instrumental in alleviating the pain levels of companion and farm animals while tending to their injuries. Various drugs and treatments are administered to animals after considering the aftereffects as well as numerous risks. The global veterinary pain management market report by Market Research Future (MRFR) has compiled with a list of drivers, challenges, and opportunities being described in detail for comprehension of users.

Market Outlook

The global veterinary pain management market is estimated to accrue significant revenue by exhibiting a CAGR of 8.2% during the forecast period (2018-2023). It acquired a unicorn valuation of USD 1000 million in 2017. Main factors driving market growth include adoption of pets, rise in preventive care treatment facilities and units for companion animals, and technologically imaging devices. Other major growth drivers include awareness campaigns by animal shelters and veterinarian organizations and pet insurance coverage schemes which can bolster the market demand.

The rise of nuclear families and rapid urbanization of cities are pushing the adoption rate of pets. Prevalence of various incurable diseases is expected to drive the veterinary pain management market to new heights due to various drugs designed to alleviate pain levels to a minimum. Investments in research and development to expedite the product to market combined with development of vaccines and drugs are contributing to market growth.

Veterinary Pain Management Market   - Segmentations
MRFR has segmented the analysis into seven key dynamics for better understanding: -

By Drug Type: Nonsteroidal Anti-Inflammatory Drugs, Opioids, Local Anesthetics, Α2-Adrenergic Agonists, Muscle Relaxants, Sedatives, and Corticosteroids among others.

By Devices: Laser Therapy Devices and Electromagnetic Therapy Devices among others.

By Route of Administration: Oral, Parenteral, and Topical among others. 

By Animal Type: Companion Animals, Livestock, Research Animals, Aquatic Animals, Zoo Animals, and Exotic Animals among others.

By Application: Joint Pain, Postoperative Pain, and Cancer among others.

By End-user: Veterinary Hospitals & Clinics, Research Institutes & Universities, and Laboratories among others.                                                                                                                  

By Regions:  Europe, North America, APAC and the Rest-of-the-World.

Industry/ Innovation/ Related News:

November 08, 2018 – Vetoquinol USA, a world-class developer of veterinarian-approved formulas for large animal healthcare products, announced the launch of its rebranded product line - EQUISTRO®. The rebranding includes new packaging for products and others. All EQUISTRO products are now available in veterinary clinics and in retail stores that sell feed, farm supplies, horse tack, and equine products. The rebranding strategy helps to expand the products available for performance horses through Vetoquinol.

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Veterinary Pain Management Market   - Geographical Analysis
The North American region accounts for the leading market for veterinary pain management majorly due to the availability of a range of animal care products, emphasis on animal health, and stringent government regulations.  Also, technological innovations in the field of veterinary surgical instruments are acting as a tailwind pushing up the market growth in the region. 

Additional factors such as growing insurance coverage schemes are expected to push the growth of the veterinary pain management market in the region. Moreover, the increasing number of pets and a large patients’ pool, contribute to the growth of the regional market, demanding various treatment procedures and surgeries.

Countries such as Canada and the US are focusing on exporting surgical equipment and surgical suturing material across the world, which, in turn, is increasing the size of the market in this region. Besides, the growing number of veterinary hospitals fuel market growth.

The Veterinary Pain Management Market in the European region stands the second position in terms of the market size, owing to the increasing pet ownership fuelled by the tax benefits granted by the government.  Increase in animal diseases has led to an increasing number of surgeries and veterinary healthcare organizations. European countries like Germany, France, and the U.K, backed by the significant expenditures in the field of manufacturing of veterinary medical and surgical devices, majorly contributes to the growth of the regional market.

The Asia Pacific region is emerging as a promising market for companion veterinary pain management. China among other APAC dominates the regional market whereas, India accounts for the fastest growing market, followed by Australia and Japan.  Factors such as the presence of a large patient’s pool, increasing awareness towards animal health, and the improving economy are few of the driving forces pushing up the market in the region.

Veterinary Pain Management Market   - Competitive Landscape
The fiercely competitive veterinary pain management market appears to be fragmented due to many players forming a competitive landscape. Mergers & acquisitions, innovations, and Brand reinforcement remain the popular trends for the market players. Acquisitions of local manufactures by multinational companies are changing the market structure, increasing the profit of the company by reducing the competition significantly.

Key Players:
Some of the players leading the market include Zoetis, Boehringer Ingelheim, Chanelle, Ceva Santé Animale, Dechra Pharmaceuticals, Norbrook Laboratories, Merck Animal Health, Elanco, Assisi Animal Health, Bayer, and Vetoquinol.

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