Smart Insulin Pens Market to Grow at a CAGR of 10.4% - Global Growth, Trends, and Forecasts 2019-2023

 Smart insulin pens are devices used to deliver the accurate dose of insulin to diabetics at the appropriate time. They have gained traction among diabetics due to its simplistic nature and easy to handle mechanism compared to traditional syringes. The global smart insulin pens market report by Market Research Future (MRFR) contains the pertinent drivers and challenges faced by manufacturers during the period of 2018 to 2023.

Smart Insulin Pens Market Overview

The global smart insulin pens market is expected to exhibit 10.4% CAGR during the forecast period (2018-2023) due to high prevalence of diabetes. Furthermore, the use of these devices for the management of diabetes by the general populace in developing countries can bode well for the market during the forecast period. Awareness of advanced drug delivery methods, need for modern treatments, and the alarming cases of diabetes can bolster the global market demand till 2023.

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The surge in the adoption rate of glucose monitoring devices, awareness of these devices, and integration of glucose measurement devices are other drivers of the market. According to the World Health Organization (WHO), diabetes was accountable for 1.2 million deaths in 2012. This can spark the demand for smart insulin pens for proper management of diabetes. Co-pay assistance and medical reimbursement policies covering the purveying of these devices can ensure the continuous sales.

Unfavorable reimbursement policies, risks associated with insulin pens, and increasing costs of insulin pens are challenges faced by the market.

Smart Insulin Pens Market Segmentation

The global smart insulin pens market has been segmented on the basis of product type, usability, and distribution channel.

On the basis of product type, the market has been segmented into first-generation pens and second-generation pens. The second-generation pens segment has been further divided into Bluetooth-enabled and USB connected.

By usability, the segment has been divided into disposable pens and reusable pens. Reusable insulin pens segment is likely to be the fastest growing segment during the forecast period.

The market, by distribution channel, has been segmented into retail pharmacies, diabetes clinics, online medical stores, and hospital pharmacies.

Smart Insulin Pens Market Regional Analysis

The Middle East & Africa (MEA), Americas, Asia Pacific (APAC), and Europe are regions discussed in the global smart insulin pens market report.

The Americas can be the leading region of the global market till 2023 due to favorable policies by regulatory authorities, adoption of advanced technology, and rising prevalence of diabetes among the general populace. The approval of novel injectable devices by regulatory agencies can drive the global smart insulin pens market growth.

The Europe smart insulin pens market is driven by adoption of advanced drug delivery devices, rising cases of diabetics, and presence of major players. According to the World Diabetes Foundation, more than 59 million have been diagnosed with diabetes, with the number purported to touch 71.1 million by 2040.

Government policies for assisting diabetics and rise in disposable income levels of patients are main drivers of the smart insulin pens market in APAC. Large cases of diabetes recorded in Southeast Asia can drive the regional market growth. As per the International Diabetes Federation, the number of diabetics in the region can touch 156 million by 2045.

Competition Outlook

InjexUK, Lilly USA, LLC, Digital Medics Pty Ltd., Companion Medical, Sanofi-Aventis US LLC, Diamesco Co., Ltd., Smith’s Medical, NIPRO Medical Corporation, Novo Nordisk A/S, Biocorp, Emperra GmbH E-Health Technologies, and others are notable players of the global smart insulin pens market. Manufacturers are launching new iterations of smart insulin pens for recording the proper dosage amounts and reminders of taking insulin shots at the appropriate time. For instance, the InPen by Companion Medical can capture mealtime data and shares it on the respective medical mobile application.

Industry News

Recently, Medtronic and Novo Nordisk have decided to pool in their offerings for sharing the data acquired by their smart insulin pens on a common diabetes management platform.

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Healthcare Contract Manufacturing Market Gains Momentum With A Striking CAGR

 Global Healthcare Contract Manufacturing Market Research Report: Information by Type (Sterile and Non-Sterile), Service Type (Pharmaceutical Contract Manufacturing and Medical Device Contract Manufacturing), Industry (Pharmaceutical Industry, Medical Device Industry and Biopharmaceutical Industry) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2023

 

Overview:

The healthcare contract manufacturing market is benefiting much from the growing demand for medicine supplies which is facing a severe crisis from the pending expiration of a lot of generic drugs. The market relies heavily on the outsourcing of the manufacturing process of drugs to contract manufacturers. From drug development to drug manufacturing, a comprehensive platform this healthcare contract manufacturing sector provides. The from drug development to drug manufacturing market is expecting a growth by 9.86% during the forecast period (2017-2023), claims Market Research Future (MRFR). The report ensures a detailed analysis of the segments and driving factors that can assist the market in growth over the review period. 

Among the factors, patent expiration of several drugs can be deemed as one of the chief influencers that can foster the mark

et growth during the forecast period. Emerging economies are demanding for greater percolation as the population boom in those countries have created scope for substantial market expansion. Drug manufacturers are also looking for significant contribution from these companies as number of drugs in the pipeline is getting piled up. Factors such as these are bound to boost the global from drug development to drug manufacturing market.

On the flip side, controlling third parties is quite complex which many manufacturers prefer to avoid. At the same time, clinical trials are becoming more exhaustive and tangled which can deter the healthcare contract manufacturing market from having the expected growth rate over the review period.

Segmentation:

The global healthcare contract manufacturing market can be segmented by type, service type, and industry.

Based on the type, the healthcare contract manufacturing market can be segmented into sterile and non-sterile.

On the basis of the service type, the healthcare contract manufacturing market includes pharmaceutical contract manufacturing services, medical device contract manufacturing services.

Industry-wise segmentation of the healthcare contract manufacturing market includes pharmaceutical, medical device, and biopharmaceutical.

Regional Analysis:

Region-specific analysis of the global healthcare contract manufacturing market includes the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas is in charge of the global healthcare contract manufacturing market. With rising investment in healthcare, the focus is mainly on improving healthcare infrastructure and upgrading research institutions for better technology and others. Subsequently, manufacturers are now relying more on the advanced instruments they have put in use in their factories and manufacturing capabilities. 

Europe assumes the second position in the market and the credit goes to the increased expenditure initiated by the regional governments. The reports published by the Organization for Economic Co-operation and Development (OECD) discloses that Germany spent USD 321 billion in 2014 in the healthcare sector which is a significant marker of the progress the regional market is making at present. 

The APAC is the fastest growing market as major regional economies such as China and India are considerably investing to better their healthcare facilities to lure in patients from all over the world as a part of their medical tourism planning.

Competitive Analysis:

Some of the key players in this healthcare contract manufacturing market are Aesica Pharmaceuticals, Boehringer Ingelheim, AbbVie, Grifols International, S.A, Evonik Industries, Lonza Ag, Catalent, Benchmark Electronics, Flex Ltd, Forefront Medical Technologies, Hamilton Company, Sanmina Corporation, Teva Pharmaceutical Industries, Patheon, Mylan, Vetter Pharma International, and others.

In August 2018, Catalent completed their move to acquire Juniper. This would give the former a new and robust European base to function. Catalent, as the parent company of Juniper, would ensure the supply of Crinone marketed by Merck KGaA. 

In January 2018, Intermountain Healthcare declared their plan to create a non-profit generic drug company as a direct manufacturer or contract manufacturer in collaboration with Ascension, SSM Health, and Trinity Health. 

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Healthcare Contract Manufacturing Market Gains Momentum With A Striking CAGR

Vocal biomarkers Market will Reflecting a CAGR of 14.5% by 2023

 Vocal biomarkers are a novel technique developed to detect the presence of disease from speech characteristics. By decoding the vocal intonations in real-time, the technology can provide holistic treatment and quality patient care. The global vocal biomarkers market report by Market Research Future (MRFR) highlights several developments which can assist diseases combined with supporting drivers and restraints for the period of 2017 and 2023 (forecast period). 

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Market Outlook

The global vocal biomarkers market is bound to touch a valuation of USD 2.5 billion by 2023. It can exhibit a CAGR of 14.3% during the forecast period. It is driven the prevalence of various neurological and psychological diseases such as Huntington’s disease, Alzheimer’s disease, Parkinson’s disease, depression, attention deficit and disruptive behavior disorders, traumatic brain injury, and others. According to the WHO, close to 350 million suffered from depression in 2016 and the Parkinson’s disease Foundation estimated the number of patients affected by the disease to be reaching a number of 10 million in the same year.

Various government organizations are partnering up with private clinics and firms to develop machine learning algorithms for initial detection of diseases. This is exemplified by the alliance of American Heart Association with Mayo Clinic and Beyond Verbal to use voice patterns to detect coronary heart disease at its initial stage. Development of smartphone applications to detect all disease from voice or sounds can provide the global vocal biomarkers the much-needed impetus in the coming years.

Segmentation Analysis

The global vocal biomarkers market is segmented by type, indication, and end-user.

The global market, by type is segmented into pitch, voice tremor, vocal rise or fall time, phonation time, error rate, amplitude, frequency, and others.

The market, by indication, is segmented into neurological disorders, psychiatric disorders, cardiovascular disorders, respiratory disorders, and others.

Based on end-user, the market is segmented into academic and research, hospitals and clinics, and others.

Regional Analysis

The Middle East & Africa (MEA), Americas, Europe, and Asia Pacific (APAC) are major regions in the global vocal biomarkers market.

The Americas is predicted to dominate the global market due to the U.S. grabbing maximum shares owing to large healthcare expenditure and favorable reimbursement schemes. The fast adoption rate of new technology can be pivotal in driving the vocal biomarkers market. Alternatives to MRI/CT/EEG machines will find demand due to the large elderly populace in the region.

Europe is the second-biggest region for the market due to large awareness levels and expendable income levels of patients. In addition, the need for non-invasive techniques for detection of diseases is ensured to gain traction and pave way for the global vocal biomarkers market. 

The APAC region is expected to have the largest potential for the market due to the large patient pool in China and India. On the other hand, the MEA region will contribute to the vocal biomarkers market due to the booming medical sector in Saudi Arabia and UAE.

Competitive Outlook

Audio Profiling, Sonde Health, IBM Corporation, Beyond Verbal, Cogito Corporation, and others are reputed companies currently operating in the global vocal biomarkers market.

Industry Update

Sonde Health has managed to raise close to USD 16 million in series A funding to spur the development of vocal biomarkers. The technology has amassed hundreds of vocal characteristics from recordings to identify changes in pitch, rate of speech, and hoarseness to assess health. 

Aural Analytics has published the results of a clinical trial involving the effects of reldesemtiv, a skeletal muscle troponin activator, used in the treatment of spinal muscular atrophy (SMA) and amyotrophic lateral sclerosis (ALS). The company analyzed vocal biomarkers for the duration of the trial to notice any improvements in speech patterns.

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Lymphedema Diagnostics Market Growing Demand, Share, Technologies and

 Lymphedema Diagnostics Market Overview:

The global market for the lymphedema diagnostics market has been projected to surpass a market valuation of USD 37.6 million by 2025 at a 7.1% CAGR during the forecast period of 2019 to 2025. Market Research Future (MRFR) revealed that the market could benefit from several factors like the high prevalence of the diseases, growing instances of cancer, better diagnostic facilities and demand for early diagnosis, hike in awareness level, increasing inclusion of technologies to widen the testing opportunities, investment for research and development procedures, and others. 

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However, the market may suffer due to the short half-life of radiopharmaceuticals. Also, the high cost of diagnostic tests can deter the market from having a smooth growth during the forecast period.

Lymphedema Diagnostics Market Segmentation:

The global report on the lymphedema diagnostics market can be segmented into type, technology, end user, and disease type. MRFR analysts have included these segments and supported their claims with figures, charts, and graphs. 

By technology, the global market report on the lymphedema diagnostics market can be segmented into magnetic resonance imaging, lymphoscintigraphy, ultrasound imaging, computed tomography, and others. The lymphoscintigraphy segment has the maximum market share. 

By disease type, the global study includes segments like cancer, cardiovascular diseases, inflammatory diseases, and others. The cancer segment has the maximum market share.

By type, the global market can be segmented into primary and secondary. The secondary segment has the maximum market share.

By end user, the global report on the lymphedema diagnostics market can be segmented into hospitals, diagnostics centers, and others. In 2018, it was the hospital segment with the maximum market share. 

Lymphedema Diagnostics Market Regional Analysis:

The Americas is impacting the global market with the lion’s share of the revenues that they earn from the investment taking place in mainly countries like the US and Canada. These two countries and their robust infrastructure would ensure better growth for the market. Asia Pacific would register the fastest growth during the forecast period. 

Lymphedema Diagnostics Market Competitive Landscape:

Siemens Healthineers, GE Healthcare, Stryker Corporation, Philips, Shimadzu Corporation, Canon, Inc., United Imaging Healthcare Co., Ltd., Hitachi, Ltd., and Fluoptics are some of the major companies involved in the global lymphedema diagnostics market. These companies are impacting the market growth with their top-class strategic measures that often span across types like merger, acquisition, innovation, increased funding for research and development, collaboration, branding, launching of the product, and others. MRFR recorded these moves to understand how the market may get impacted and what trends would take charge of the global market in the coming years. 

Industry News:

In June 2020, an Australian medical device maker with the permission for a device that can detect lymphedema inked a national purchase agreement with the U.S. Oncology Network. The latter is a Texas-based group with over 1,200 physicians across 470 locations. It is also a subsidiary of McKesson Corporation. Lymphedema is a type of disease where swelling takes place in arms and legs and can be a side-effect of some cancer treatments. If diagnosed early, this can be treated with good results, but its impact cannot be wholly reversed in its later stages. 

In February 2020, ImpediMed Limited (ASX.IPD), a medical software technology company, known for its non-invasive processes of measuring, monitoring, and managing of fluid status and tissue composition by using bioimpedance spectroscopy (BIS), announced that the NCCN Clinical Practice Guidelines for Breast Cancer (NCCN Guidelines®) included new recommendations for early detection and diagnosis of lymphedema to in their latest guideline to achieve optimal management.

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Diagnostic Electrocardiograph (ECG) Market Overview by 2020 | Global Analysis to Forecast by 2025

 Diagnostic Electrocardiograph (ECG) Market Overview

Populations with heart-related disorders are increasing. Diagnostic electrocardiograph (ECG) is a device for observing the heart activity, which helps the observer record the behavior. Being a minimally invasive technique, it has gained a huge response from the practitioners are patients. The rapid development in diagnostic techniques and rising heart-related disorders due to unhealthy lifestyles and habits have boosted the market. Also, the rise in demand for early detection technologies has increased the usage and adoption of ECG.

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As the geriatric population increases, regular heart observation has required, which has propelled the market at much greater speeds. After observing ECG technology's capabilities, the healthcare facilities are rapidly adopting this technology, which has led to an increase in healthcare budgets and has increased the market's global share. Also, the companies are readily investing in the research & development programs to unfold new segments of this market, like the introduction of devices with maximum accuracy.

Apart from the uses and features, the global diagnostic electrocardiograph market is facing friction from factors like struggling economic structures and scarcity of trained professionals, which has degraded the market's growth rates. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global diagnostic electrocardiograph (ECG) market. The global market is expected to register nearly a 06 % annual growth rate during the survey.

Diagnostic Electrocardiograph (ECG) Market division

The global diagnostic electrocardiograph (ECG) market is segmented into classes as follows:

The global diagnostic electrocardiograph market is segmented into stress ECG devices, smart ECG monitors, rest ECG devices, and others based on product types.

The global diagnostic electrocardiograph market divided into the single lead, 3 lead, 5 lead, and other devices based on lead type.

Based on end-users, the global diagnostic electrocardiograph market is segmented into hospitals, clinics, and others.

Diagnostic Electrocardiograph (ECG) Market Regional Classification

Diagnostic Electrocardiograph (ECG) has gained global adoption worldwide due to the demands for better healthcare technologies and increasing healthcare budgets globally. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global Diagnostic Electrocardiograph (ECG) market. The North American region is leading the market due to demands for better alternatives, well-established healthcare facilities, and other factors. On the other hand, the Asia Pacific region will file the fastest growth rate due to rapidly developing the healthcare system, rising government initiatives increasing research & development programs, demands for better healthcare alternates, vast population covers, rise in old age populations, and other factors.Industry News

The global diagnostic electrocardiograph market has become an important part of the healthcare system as the heart is the life o

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f the human body and needs intensive care and monitoring. The authorities have reacted actively to these devices as they are capable of early detection of related disorders and are non-invasive, which has forced them to invest and increase the healthcare budgets. The global market is led by the North American region, followed by the European region, whereas the Asia Pacific region will register the highest growth rates.

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News: Diabetes Monitors Market Top companies | analysis | Regional Forecast

 

Market Highlights

Market Research Future (MRFR) evaluated the diabetes monitors market 2020 for the forecast period 2017-2023. By 2023, the diabetes monitor market can rise at 8.3% CAGR.

The increase in low fiber food intake is leading to rise in metabolic diseases. Among these, most are diabetic patients. Along with the rise in cases of type 1 diabetes, type 2 diabetes cases are also observed to peak. Diabetes is a silent killer and requires periodic check-up. Often, frequent visit to clinics becomes tedious. Hence, are large number of patients prefer diabetes monitor that can check blood glucose level at home. At the same time, to monitor types of diabetes and also, gestational diabetes, hospitals and clinics highly rely on diabetes monitors. Other type of diabetes, such as monogenic diabetes and cystic fibrosis-related diabetes can also be checked by diabetes monitors. These are some factors that are observed to promote the expansion of the diabetes market in the years ahead. Other causes that can favor the   diabetes monitoring market are technological innovations, hefty research funds, rise in diabetes cases, rapid approval by regulatory bodies, and expansion of world obesity population. On the contrary, high diagnosis and treatment expense for diabetes, and lack of good reimbursement policies can limit the diabetes monitors market rise in the years to come.

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Market Segmentation

 

The segment assessment of the diabetes monitors market is done by type, sample, end-users, and component.

The sample based segment of the diabetes monitors market are sweat samples, blood samples, and urine samples among others.

The type based segment of the diabetes market are continuous glucose monitors (CGM), point sample test based glucose monitors, and enzyme free sensor based glucose monitors. The continuous glucose monitors are used largely. Re-usable sensor-based and Disposable sensor-based are two popular types of CGM.

The component based segment of the diabetes monitor market are sensors, lancet, and glucose test strips. Sensors sub-segments are enzyme-free sensors and enzyme-based sensors.

The end –users based segment of the diabetes monitor market are hospitals, diagnostic clinics, and home. The home segment to earn decent revenue for the world market.

 

Regional Analysis

 

Trends of the diabetes monitors market is assessed across EU, the Americas, APAC, and the MEA. The expansion of the diabetes patient in North America due to sedentary life style and high intake of low fiber content diet can tout North America diabetes monitor market in the analysis period. According to National Diabetes Statistics Report, a considerable population of the U.S. has type 1 diabetes. In addition, increase in cases of type 2 diabetes in the region is also creating the demand for diabetes monitors. These are identified as factors that can boost the regional market in the analysis period. In Europe, the diabetes monitor market can earn high revenue in the approaching years due to similar growth factors that are observed in North America. In addition, the rise in support from the regional government are observed to make substantial investment in the healthcare domain for effective innovations that can improve the momentum of Europe market. In Asia Pacific, the rise in the need for cost-effective glucose monitoring devices by the large pool of patient can drive the expansion of the regional diabetes monitor market. In MEA, the market can experience moderate growth as technical development in the region is yet to match the rest of the World.

Major Key Players

MRFR lists some noteworthy diabetes monitor marketers. They are; Abbott Laboratories, Panasonic, Dexcom, Inc., F. Medtronic, Hoffmann-La Roche Ltd, Sanofi, and LifeScan, Inc.

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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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Global High potency Body Contouring Devices and Procedures Market Industry Size, Growth, Opportunities, Outlook and Forecast 2023

 Market Highlights:

The Global Body Contouring Devices and Procedures Market.  held a market value of USD 2,103 million in 2017 and is projected to grow at a CAGR of 6.6% over the forecast period.Body contouring is a altering the body part by improving the appearance. It involves the removal or transfer of fat to the body.  

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Due to increasing prevalence of obesity across the globe many of the companies are in the race to introduce better treatment for obesity. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.

Additionally, the growing research 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, the high cost of urgery with advanced technologies may hamper the market growth during the assessment period.

Regional Analysis:

On regional basis, the Americas is anticipated to dominate the global  [URL=https://www.marketresearchfuture.com/reports/body-contouring-devices-and-procedures-market-6935]body contouring devices and procedures market size[/URL]  owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region.  Europe is expected to hold the second largest position in the global body contouring devices and procedures market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Asia Pacific has served an opportunity for developing body contouring market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like diabetes and obesity. The Middle East & Africa has the least share of the global body contouring devices and procedures 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.

Segmentation:

The global body contouring devices and procedures market has been segmented into type, procedure, and end user. By type, the market has been segmented into non-invasive & minimally invasive devices and invasive devices. The non-invasive & minimally invasive devices segment is estimated to hold major market share in the global body contouring devices and procedures market due to the huge investments by major market players for the development of advanced technologies and equipment.

Based on procedure, the market has been segmented into non-surgical skin resurfacing, non-surgical skin tightening, cellulite treatment, liposuction, and others. The market, by end user, has been segmented into hospitals & clinics, research institutes & Organization, and others.

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Key Players:

Some of the prominent players in the global body contouring devices and procedures market are Cynosure, Inc., Alma Lasers, Alleragan, Syneron Medical Ltd, Bausch Health Companies, Inc, Lumenis, Merz Pharma GmbH & Co., Palomar Medical Technologies Inc., Sound Surgical Technologies LLC., Zeltiq Aesthetics, Chromogenex Technologies LTD, UltraShape Ltd, Fotona, Misonix Inc., Medicis Pharmaceutical Corporation, Sientra Inc., Invasix Ltd, Erchonia Inc, Lutronic.

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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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