Industry Analysis Reports | Health Care | Medical Devices

Tuesday, 27 October 2020

Non-Alcoholic Steatohepatitis Biomarkers Market to Witness Rise at 20.92% CAGR between 2018 and 2024

Non-Alcoholic Steatohepatitis Biomarkers Market Industry Landscape

The arrival of the novel Coronavirus pandemic is anticipated to create significant roadblocks for companies working in the current non-alcoholic steatohepatitis (NASH) biomarkers market. But at the same time and according to the latest study conducted by Market Research Future, global non-alcoholic steatohepatitis (NASH) biomarkers market is expected to grow at a staggering CAGR of ~20.92% in the course of period 2016–2024. Also, during this course of growth, the market would be achieving revenue of USD 1,960.4 million with ongoing rising healthcare industry activities and importance.

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Non-Alcoholic Steatohepatitis Biomarkers Market Growth & Attributes

Non-alcoholic steatohepatitis is a superior stage of non-alcoholic fatty liver disease (NAFLD), which arises mainly during the excess fat accumulation and causes inflammation and damage, leading to liver scarring. A biomarker is the most useful diagnostic tool for measuring the biological state and is termed as a pointer for measuring normal biological processes and pathogenic processes in the body. Biomarker tools accessible for diagnosing NASH conditions are known as non-invasive tools, and few of them are biomarker panels, serum biomarkers, imaging biomarkers, fibrosis biomarkers, and others. The rise in research & development is likely to offer promising biomarkers for the accurate diagnosis of NASH condition in the future.

The global non-alcoholic steatohepatitis biomarkers market is driven by the surge in prevalence of NAFLD & NASH disease, hefty unmet needs in terms of disease epidemiology and available diagnostic and therapeutic tools, mount in demand for non-invasive diagnostic methods, rise in geriatric population, upward incidences of obesity and type 2 diabetes, awareness about diagnostic tools as well as the inclination of government focus toward proposing better healthcare services. These factors are probable to propel the non-alcoholic steatohepatitis (NASH) biomarkers market across the globe at a higher note in the precise timeframe.

The adoption of conventional techniques to address non-alcoholic steatohepatitis biomarkers such as biopsy is steadily declining owing to limitations such as sampling bias, and complications such as mortality, bleeding, pain, and poor acceptability. The demand for non-invasive techniques to treat NAFLD has observed steady growth over the past decade. Non-invasive techniques that have gained noteworthy popularity to combat NAFLD include NAFLD-based fibrosis, NASH, and steatosis, and more. In fact, the surge in demand for these non-invasive techniques is probable to boost the demand for NASH biomarkers during the assessment period.

At the same time, in recent times, many significant players operating in the global NASH biomarkers are progressively investigating the algorithms that consist of non-imaging and imaging biomarkers to identify fibrosis and minimize biopsies in clinical settings. Technological advancements, research, and development activities coupled with an elevated prevalence of NAFLD are some of the foremost factors that are likely to drive the expansion of the non-alcoholic steatohepatitis (NASH) biomarkers market during the assessment period.

Non-Alcoholic Steatohepatitis Biomarkers Market Segment Review

The global non-alcoholic steatohepatitis biomarkers market has been studied under the segments of type and end-user.

Depending on the type segment, the market included hepatic fibrosis biomarkers, serum biomarkers, oxidative stress biomarkers, apoptosis biomarkers, and others.

Depending on the end-user segment, the market included research institutes and academics, pharmaceutical companies and CROs, diagnostic centers, hospitals & clinics, and others. The pharmaceutical companies and CROs segment grabbed a market value of USD 226.7 million in 2018.

Non-Alcoholic Steatohepatitis Biomarkers Market Regional Aspect

Regionally, the global non-alcoholic steatohepatitis (NASH) biomarkers market has been studied among the regions of Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. North America led the global non-alcoholic steatohepatitis (NASH) biomarkers market in 2018 and now has acquired a significant share of the global non-alcoholic steatohepatitis (NASH) biomarkers market. The growth has been attributed to the hefty patient pool suffering from NASH and NAFLD indication, along with escalating liver diseases. In fact, a considerable rise in prevalence of obesity and Type 2 diabetes, a rise in demand for a non-invasive diagnostic tool such as biomarkers as well as the adoption of emerging and innovative biomarkers are few major attributable factors for the NASH biomarkers market growth in the forecast period.

Non-Alcoholic Steatohepatitis Biomarkers Market Vendor Landscape

The prime vendors operating in the global non-alcoholic steatohepatitis (NASH) biomarkers market include Echosens (France), Cisbio (France), GENFIT (France), Enterome (France), NGM Biopharmaceuticals (US), Laboratory Corporation of America Holdings (US), Pacific Biomarkers (US), One Way Liver, SL (Spain), Perspectrum Diagnostics Ltd (UK), Regulus Therapeutics, Inc. (US), Quest Diagnostics, Shenzhen New Industries Biomedical Engineering Co., Ltd (China), Siemens Healthineers (Germany), and Xeptagen SpA (Italy).

April 2020: Sequoia-backed in-vitro diagnosis focused biomedicine company Shenzhen New Industries Biomedical Engineering Co., Ltd (also known as Snibe) has kicked off its IPO subscription exercise. It targeted to raise 1.29 billion yuan ($183 million) on the ChiNext board of the Shenzhen Stock Exchange.

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.

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Diabetes Monitor Market- Global Trends, Growth Factors and Research Report

Diabetes Monitor Market Overview:

The global market report on the diabetes monitor market has been studied on the basis of several factors and connections with the end users. The market is projected to reach USD 17458.1 million by 2023 and during the forecast period of 2018 to 2023, it will reach a CAGR of 8.3%. Market Research Future (MRFR) discussed factors like the rising diabetes cases, changing lifestyles due to the rapid urbanization, the inclusion of top-class technologies, and others. Obesity is also expected to trigger better growth for the global market.

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Diabetes Monitor Market Segmentation:

MRFR experts have studied the global market report on diabetes monitors with proper emphasis on segments like type, sample, component, and end-users. The report contains data backed by charts, graphs, and volume and valuation figures among other influencers, which can help in devising better strategies in the coming days.

By sample, the report on the global diabetes monitors market has been segmented into sweat samples, blood samples, urine samples, and others. The blood sample segment gets ample traction from the market. It covers 75.70% of the total market share and can proceed further at an 8.6% CAGR during the forecast period.

By type, the discussion of the market includes continuous glucose monitors, point sample test based glucose monitors, and enzyme-free sensor-based glucose monitors. The continuous glucose monitors segment encompasses disposable sensor-based CGM, and re-usable sensor based CGM.

By components, the report on the global diabetes monitor market includes glucose test strips, lancet, and sensors. The sensors cover segments like enzyme-based sensors, and enzyme-free sensors.

By end -users, the report on the global market has been segmented into hospitals, diagnostic clinics, and home. The home segment is getting backed by rising disposable income and development in devices.

Diabetes Monitor Market Regional Analysis:

The Americas has the largest market share and is slated to grow and surpass a valuation of USD 6623.4 million by 2023. Asia Pacific would be the fastest-growing region and it would achieve a CAGR of 8.9% during the forecast period. Europe would garner substantial valuation during the forecast period.

Diabetes Monitor Market Competitive Landscape:

Dexcom, Inc., Sanofi, Panasonic, Abbott Laboratories, Medtronic, LifeScan, Inc., F. Hoffmann-La Roche Ltd, and others are some of the major companies delving deep into the global diabetes monitor market by using their strategies. These companies bank on methods like tie-ups, innovations, product launches, mergers, branding, acquisitions, research and development, and others. MRFR’s attempt to record all the latest moves is expected to facilitate understanding global market growth and trends.

Industry News:

In June 2020, DarioHealth Corp., a company from New York is a device that monitors glucose levels in the blood, announced that the company had developed two new papers on how people have benefited from their digital device and it also mentioned the improvement level of blood sugar level and blood pressure. The device was developed in Israel and it provides regular updates to its users and helps them manage their glucose level on the go.

In June 2020, Nemaura Medical Inc announced that it has applied for a Premarket Approval (PMA) from the US Food and Drug Administration for its new product sugarBEAT continuous glucose monitor. These will be a proper supplement for the finger pricking testing pattern.

The COVID-19 crisis is expected to play a crucial role in taking the global market ahead. This is due to the deep connection between disease and diabetes. Patients with high-diabetes are susceptible to these diseases and their chances of recovery are less than normal patients.

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You Can See more Reports In Medical Devices Industry:

Laser Therapy Market: Research Report, By Type (Diode Lasers, Solid State Lasers, Gas Lasers, Dye Lasers, and others), By Application (Dermatology and Aesthetics, Surgery, Dental, Urology, Ophthalmology, and others) - Global Forecast from 2017 to 2023

Immunoassay Analyzers Market: Research Report By Instruments (Immunofluorescence, Chemiluminescence, ELISA, Radioimmunoassay), Application (Infectious Diseases, Autoimmune Diseases, AIDS), End Users (Hospitals)- Global Forecast till 2023

Global Cosmetic Surgery Market: Size, Share and Growth Analysis; by Surgery Type (Liposuction, Eyelid and Nose Surgery, Body Contouring (Tummy Tuck, Breast Lift, Others), Facial Reconstruction, Cosmetic Implants (Breast Augmentation, buttock Implants, Chin & Cheek Implants) and others) - Forecast to 2023

About Market Research Future:

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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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.

AI in drug discovery Market is Projected to Grow at a High CAGR till 2025

The AI in drug discovery market is growing continually. Artificial intelligence technology has the potential to revolutionize the pharmaceutical sector and open whole new avenues for technology providers. Resultantly, the adoption of the AI technology to boost efficiency and throughput in clinician workflow is rising steadily. Moreover, the growing applications of AI technology in various drug discovery and development process escalate the market demand to furthered height.

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According to Market Research Future (MRFR), the global AI in drug discovery market is poised to create a valuation of USD 2,015.1 MN by 2025, registering a massive 40.8% CAGR throughout the predicted years (2019 – 2025). Recent COVID 19 pandemic is projected to boost the size of the market. AI and machine learning integration in discovery and development applications are increasing to expedite drug development processes.

Also, substantial investments made into AI business are projected to boost the market growth. AI integration minimizes the risk of adverse reactions during trials, reduces the drug discovery timeframe, and, most importantly, reduces drug development costs. Machine learning and other AI tools have a vast potential to make the discovery of new pharmaceuticals faster, cheaper, and more productively. As a result, major pharma companies are increasingly using AI technology for drug discovery.

Moreover, rising numbers of start-ups operating in the AI spectrum drug discovery foster market growth. Simultaneously, increasing numbers of cross-industry partnerships formed to achieve improvements in drug development outcomes drive the growth of the market. On the other hand, high costs associated with AI integration are a major factor estimated to hamper the market growth. Also, the lack of adequate infrastructure in low economic countries obstructs the growth of the market.

AI in Drug Discovery Market – Segments

The report is segmented into seven dynamics;

By Product Type : Services and Software.

By Molecule Type: Large and Small Molecules.

By Technology : Machine Learning, Deep Learning, and others.

By Indication : Immuno-oncology, Neurodegenerative Diseases, Cardiovascular Diseases, Metabolic Diseases, and others.

By Application : Target Identification, Candidate Screening, De novo Drug Designing, Drug Optimization & Repurposing, Preclinical Testing, and others.

By End-User : Pharmaceutical & Biotechnology Companies, Research Centers and Academic & Government Institutes, Contract Research Organizations, and others.

By Regions : Americas, Europe, Asia Pacific, and Rest-of-the-World.

AI in Drug Discovery Market – Regional Analysis

North America dominates the global AI in drug discovery market. Market share attributes to the increasing prevalence of chronic diseases and high healthcare expenses. Moreover, the recent COVID 19 pandemic is estimated to increase the size of the regional market. Besides, factors such as the presence of growing numbers of big AI platform developers and a well-developed healthcare sector in the region allow rapid market growth.

Increasing adoption of top AI platforms, including Google AI, Microsoft Azure, and TensorFlow by major pharma companies in drug discovery processes, boost the regional market growth. Moreover, increasing demand for Artificial Intelligence technologies from key pharmaceutical companies such as AbbVie, Genentech, Eli Lilly and Company, and Amgen, among others, drive the growth of the market.

Europe stands second in the global AI in drug discovery market. Market growth is driven by the increasing R&D activities in the pharma sector and the high demand for AI solutions by drug development companies. Top pharma companies in the region form strategic partnerships with international AI service providers to expedite their drug discovery process, which, in turn, boosts the market growth. The UK, Germany, and France are the major growth contributors to the regional market.

Additionally, substantial R&D investments and increasing government funding in the development of AI technology foster regional market growth. Furthermore, the recent COVID 19 epidemic is estimated to increase the size of the regional market. Besides, strategic deals between the UK government and industry players are expected to increase AI research investments. The European AI in the drug discovery market is projected to create a substantial revenue pocket.

The Asia Pacific AI in drug discovery market is estimated to become the fastest-growing market. Factors such as the increasing demand for effective drug discovery solutions and rapidly growing pharmaceutical sectors in the region drive market growth. A number of start-ups in the region are working to integrate AI Drug discovery Market. It is predicted that the adoption of AI technologies in mainstream drug discovery protocols will take place in the future. With their increasing numbers of AI platform companies, countries like India and China contribute significantly to the regional market growth.

AI in Drug Discovery Market - Competitive Analysis

The global AI in drug discovery market appears fiercely competitive & fragmented due to the presence of numerous well-established players. To gain a larger competitive advantage in the market, these players incorporate strategic initiatives such as mergers & acquisitions, collaborations, technology launch, and expansion. Also, AI drug discovery companies make substantial investments to R&D and drive clinical studies.

Monday, 26 October 2020

Neurovascular Devices Market in-depth approaches behind the Success Of Top Players

Neurovascular Devices Market Highlights

Neurovascular devices encompass a range of devices which are used for neurovascular management. The rise of neurovascular devices such as brain aneurysms, carotid artery disease, and others are likely to warrant of advanced devices which can prevent the possibility of strokes and other diseases. The global neurovascular devices market report by Market Research Future (MRFR) comprises a comprehensive analysis of the current state and future predictions for the period of 2018 to 2023 (forecast period).

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Neurovascular Devices Market Scope

The global neurovascular devices market is expected to grow at a CAGR of 8.8% during forecast period. It is driven by the rise of neurovascular diseases and development of minimally invasive procedures. According to the Brain Aneurysm Foundation, cerebral aneurysms are accountable for close to a million deaths annually. Progress in neurovascular management and innovations in microsurgical devices and treatments can drive market growth in a positive direction.

Investments by government organizations for management of neurological conditions can bode well for the market. This is exemplified by the use of funds amounting to USD 6.6 billion by the NHS in the U.K. Clinical trials being conducted for new methods and procedures can encourage market growth. Endovascular treatments are gaining traction with many patients opting it as a method for acute ischemic stroke.

However, high procedural costs and lack of skilled physicians can dampen the market growth prospects.

Neurovascular Devices Market Segmentation

The global neurovascular devices market is segmented by product, therapeutic application, and end-user.

On the basis of the product, the market is segmented into, aneurysm coiling & embolization devices, neurothrombectomy devices, cerebral balloon angioplasty and stenting systems, and support device. Aneurysm coiling & embolization devices are sub-segmented into liquid embolic, embolic coils, and flow diversion devices. Embolic coils, a part of aneurysm coiling & embolization devices segment, are further segmented into detachable coils and pushable coils. Similarly, neurothrombectomy devices segment is sub-segmented into suction and aspiration devices and retrieval systems. The support device segment is sub-segmented into microcatheters and microguidewires. The cerebral balloon angioplasty and stenting systems segment is sub-segmented into carotid artery stents and embolic protection systems. Embolic protection systems are further divided into distal filter devices and balloon occlusion devices.

By therapeutic application, the global neurovascular devices market is categorized into hemorrhagic stroke and ischemic strokes.

By end-users, the market is segmented into hospitals & clinics and ambulatory surgical units.

Neurovascular Devices Market Regional Analysis

The Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa are regions considered for measuring the value and volume of the global neurovascular devices market.

The Americas are touted to dominate the global neurovascular devices market owing to high prevalence of neurovascular diseases. According to a study by the Methodist DeBakey Cardiovascular Journal in 2014, close to 1 million strokes occur annually due to intracranial atherosclerotic disease. The large healthcare expenditure of nations in the region and presence of major players can further regional market growth.

APAC is predicted to exhibit a stellar growth rate during the forecast period owing to the growth of economies of China and India. Demand for minimally invasive surgeries by the geriatric populace can fuel the demand in the global neurovascular devices market.

Neurovascular Devices Market Competitive Outlook

Evasc, OxfordEndovascular, Gynesonics, Delaware Corporation, TERUMO CORPORATION, Merit Medical Systems, Inc., Secant Group, LLC, Rapid Medical, Neuravi, Medikit co., ltd., Stryker, Abbott, MicroPort Scientific Corporation, W. L. Gore & Associates, Inc., Medtronic, Penumbra, Inc., Johnson & Johnson Services, Inc., Blockade Medical, LLC., and Sensome are major players of the global neurovascular devices market. Product launches, acquisitions, and distribution agreements are strategies being implemented by players to sustain their position in the market. In 2020, Arterio Medical submitted the results of the clinical trial of Endura Embolization System in bifurcation systems. The results demonstrated the low relapse of coils and provide immediate cerebral aneurysm occlusion.

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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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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.

Healthcare Contract Manufacturing Market Size : Industry Growth Factors, Applications, Growth Analysis, Key Players And Forecasts By 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 market 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.

About Market Research Future:

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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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.

Hair transplant Market report | Analysis and Forecast till 2023

Overview:

Hair transplant is a recent process that has been developed to treat baldness. The process includes removal of hair follicles from one part of the body and insertion of it in the designated part. Both male and female are expected to benefit from this. The global hair transplant market is all set to gain from the growing demand for the process and achieve a CAGR of 24% during the forecast period (2017-2023). Market Research Future (MRFR) made a claim in the report that ensures that the growth could touch a valuation of USD 23,881.9 million by the end of 2023.

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Factors, such as the growing self and social awareness, integration of the entertainment industry, high success rate of the procedure, better treatment facilities and others. The hair transplant market is also gaining significant market percolation in developing regions due to their constructive approach towards their healthcare industry.

Segmentation:

Surgical methods, type of surgery, and end-users are segments that have been dealt in the global hair transplant market report studied by MRFR. The segmentation provides better scope for the study of the market.

Based on the surgical methods, the global hair transplant market can be segmented into Follicular Unit Transplantation (FUT) and Follicular Unit Extraction (FUE). The global Follicular Unit Transplantation (FUT) segment has a market share of 52.7% and is expected to increases its revenues during the forecast period.

Based on the surgery, the hair transplant market encompasses head hair transplant, eyebrow transplant, and frontal hairline lowering or reconstruction. The head hair transplant market has a market coverage of almost 88.3% and it is expected to gain substantial profit in the coming years.

Based on the end user, the hair transplant market includes trichology clinics, hospitals, dermatology clinics, and others. The trichology clinics segment is expected to fetch USD 14,193.7 million valuation by the end of 2023.

Regional Analysis:

The Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are four major regions that have been taken into consideration for an in-depth analysis of the global hair transplant market. The report provides an extensive look into the demographic dynamics for a better understanding of the market in the coming years.

The Americas is expected to control the global market as it has a better market structure to support the demand for hair transplant market. Better infrastructure, high expenditure capacity, easy funding for research & development, and other factors are expected to promote the regional market. The inclusion of the entertainment industry is also quite pervasive due to which the market can expect strong growth. It had a valuation of USD 2.249 million in 2016, and is expected to continue its dominance during the forecast period as well.

The APAC market is expected to gain much from the various technological integration and change in the patterns of the healthcare industry. The region is witnessing an overhaul in terms of infrastructure and investment. At the same time, the huge patient pool and the infusion of the entertainment industry are expected to play pivotal roles. The regional market is expecting a 24.3% CAGR during the forecast period.

Competitive Landscape:

Several market leaders are using extraordinary strategies to establish their footing in the global hair transplant market. These companies are using merger, acquisition, collaboration, product launch, innovation, and other methods to solidify their market stance and take the market ahead in a holistic way. MRFR enlisted these companies for a better understanding of the global market. The list has Bernstein Medical (US), Bosley (US) Cole Instruments (US), Ethics hair instruments (India), MEDICAMAT (France) and Restoration Robotics Inc. Company (US).

In July 2019, VCare announced launching of 15 new clinics in South India with state-of-the-art facilities where hair treatments would assist in gaining profits. Their team is getting support from expert surgeons with experience in the field.

About Market Research Future:

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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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.

Diagnostic Electrocardiograph (ECG) Market Size, Revenue Expectation, Demand

Global Diagnostic Electrocardiograph (ECG) Market: By Product Type (Resting ECG Devices, Stress ECG Devices, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices, Event Monitors, Holter Monitors, Smart ECG Monitors), Lead Type (12-Lead ECG Devices, 5-Lead ECG Devices, 3-Lead ECG Devices, 6-Lead ECG Devices, Single-Lead ECG Devices, Others), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2025

Market Analysis

The global diagnostic electrocardiograph (ECG) market is likely to touch USD 10,487.24 million at a 6.72% CAGR between 2019- 2025, as per the recent report by Market Research Future (MRFR). Diagnostic electrocardiograph, simply put, is a test that is utilized to detect electrical signals which the heart produces each time it beats. Smart ECG monitors, Holter monitors, event monitors, mobile cardiac telemetry devices, implantable loop recorders, stress ECG devices, and resting ECG devices are the different types of the diagnostic electrocardiograph.

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Various factors are adding to the global diagnostic electrocardiograph market growth. Such factors, according to the new MRFR report, include increasing expenditure by market players in research and development to create novel ECG devices, technological advances in wearable devices and wireless monitoring, and an increase in the rate of lifestyle diseases. Additional factors adding market growth include the developing healthcare infrastructure, increasing geriatric population, and rising cases of cardiovascular diseases.

On the contrary, irregular reimbursement policies, uncertainty in economic circumstances and market saturation, and scarcity of skilled professionals are factors that may limit the diagnostic electrocardiograph market growth over the forecast period

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global diagnostic electrocardiograph market report based on end user, product type, and lead type.

By product type, the diagnostic electrocardiograph market is segmented into smart ECG monitors, Holter monitors, event monitors, mobile cardiac telemetry devices, implantable loop recorders, stress ECG devices, and resting ECG devices. Of these, the resting ECG devices segment will lead the market over the forecast period for its increasing use in hospitals worldwide.

By lead type, the diagnostic electrocardiograph market is segmented into single-lead ECG devices, 6-lead ECG devices, 3-lead ECG devices, 5-lead ECG devices, and 12-lead ECG devices. Of these, the 3-lead ECG devices segment will dominate the market over the forecast period for its wide applications in various cardiac diagnostic tests.

By end user, the diagnostic electrocardiograph market is ambulatory surgical centers, hospitals and clinics, and others. Of these, the ambulatory surgical centers segment will have a major share in the market over the forecast period for its ample recognition in developing countries.

Regional Analysis

Based on the region, the global diagnostic electrocardiograph market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have lions share in the market over the forecast period. Surging demand for medical devices coupled with rising cases of cardiovascular diseases like arrhythmia and stroke, are adding to the growth of the market in the region.

The global diagnostic electrocardiograph market in Europe is predicted to hold the second-largest share over the forecast period. Rising acceptance of new diagnostic products and increasing geriatric population are adding to the growth of the market in the region.

The global diagnostic electrocardiograph market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising prevalence of heart diseases like stroke and increasing per capita disposable income are the factors that are adding to the market growth in the region.

The global diagnostic electrocardiograph market in the MEA is predicted to have steady growth over the forecast period. The increasing burden of cardiac diseases and gradually developing healthcare infrastructure are factors that are adding to the market growth in the region.

Key Players

Eminent players profiled in the global diagnostic electrocardiograph market report include VectraCor, Inc. (US), Innomed Medical Inc. (Hungary), Norav Medical (US), Cardioline SpA (Italy), Edan Instruments, Inc. (China), BTL (US), Fukuda Denshi (Japan), BPL Medical Technologies (India), ACS Diagnostics (US), Schiller (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Hillrom Services, Inc. (US), Nihon Kohden Corporation (Japan), Koninklijke Philips N.V. (Netherlands), and General Electric Company (US).

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Industry Analysis Reports | Health Care | Medical Devices | Pharmaceutical

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