Industry Analysis Reports | Health Care | Medical Devices

Friday, 6 November 2020

Medication management System Market -Report, Global Demand, Analysis, Research Trends

Market Insights

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

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

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

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

Regional Outlook

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

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

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

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

Major Players

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

Recent Updates

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

Market Segmentation

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

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

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

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

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

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
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Retinal Implants Market Share, Revenue Expectation, Size and Trends

Retinal implants have proven its mettle as a breakthrough therapy in the treatment of visual impairment. The global retinal implants market is perceived to be growing at a recurring rate and is expected to reach high revenue figures in the coming years, as per the analysis of Market Research Future (MRFR). The global retinal implant market has been flourishing on account of the widespread prevalence of eye disorders across the globe. Growing cases of retinal disorders have induced high demand for retinal implants since they aid in the restoration of vision. Retinal implants have demonstrated significance for application in eye disorders which were once far-off impossible to achieve. The fact that these devices can be implanted with minimally invasive procedures has added to its popularity and driven the market. The rise in geriatric population is a crucial factor driving the growth of the retinal implant market. Owing to various health insufficiencies, the aging population is more susceptible to acquiring visual impairment and require retinal implant.

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Substantial investment in R&D activities by various medical device manufacturers and governments have led to the development of advanced retinal implants which can be successfully implanted in patients. Extensive clinical trial activities have also contributed to the growth of the market. Few retinal implants have already cleared clinical trials, and many more are underway which is expected to spur the market in the future. In addition, the rise in a number of FDA approvals has been a plus for the growth of the global retinal implants market.

A large number of retinal implants are due for approval and patent from various regulatory authorities, the market stores opportunities for expansion. Also, expected expansion in reimbursement coverage for retinal implants is also expected to augment the market in the coming years. Other driving factors include the rise in the prevalence of degenerative diseases and raising awareness regarding the availability of the device which raises adoption. However, lack of skilled medical professionals with adequate knowledge of performing surgery and stringent and complex FDA approval process remains a significant hurdle for the growth of the global retinal implants market. High costs associated with retinal implants, the risk of biocompatibility and unknown long-term efficacy of the product are also expected to hinder adoption.

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Regional Analysis

North America, Europe, Asia Pacific, and the Rest of the World are the key markets for retinal implants. North America accounts for a substantial share of the global market. Higher availability of the product, improving reimbursement scenario and higher affordability in the region supports the growth of the North America market for retinal implants. Presence of highly skilled surgeons to perform immensely complex surgical procedure also accelerates adoption in the region.

In Europe, the market is driven by an increase in R&D activities and the expansion of clinical trials.

Presence of developing countries such as India, China, and Japan, who outlay massive amounts on healthcare expenditure, coupled with growing disposable income and affordability supports the growth of the market in Asia Pacific.

Rest of the World market is expected to fare well in the coming years since various market players are foraying into the untapped regions to leverage the potential they offer for market expansion.

Competitive Landscape

Second Sight Medical Products, Inc.; Retina Implant AG, VisionCare, Inc., Bionic Vision Australia (BVA), Bionic Eye Technologies, Inc., and Visus Technology, Inc. are the key players operating in the global retinal implants market.

Segmentation

The global retinal implants market has been segmented into device type, disease indication, and end user. By device type, the market has been segmented into retina implant alpha AMS, Argus II, implantable miniature telescope, and others. By disease indication, the market has been segmented into age-related macular degeneration (AMD) and retinitis pigmentosa. By end user, the market has been segmented into multi-specialty hospitals, ophthalmic clinics, and research institutes.

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 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:

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News: global veterinary pain management market Updates, Key Trends, Industry Demand and Forecast

Market Overview:

Market Research Future (MRFR) has recently published a report asserting that the global veterinary pain management market is anticipated to expand significantly at a noteworthy CAGR of 8.2% during the forecast period of 2018-2023.

Market Drivers and Restraints:

The rapid increase in the adoption activities of pets owing to the rise in animal adoption campaigns and the on-going trend of adopting companion animals are inducing demand for easily accessible services and affordable veterinary drugs, resulting in the expansion of the global veterinary pain management market.

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The rise in demand for affordable preventive treatments and increasing awareness regarding the maintenance of good health of companion animals are fuelling the growth of the global veterinary pain management market. The high popularity of compound drugs and development of better personalized drugs for domesticated animals are some other factors that are driving the growth of the global veterinary pain management drugs market.

However, high cost of development of new drugs, longer approval time, declining research and development and lack of awareness regarding serious medical conditions in companion animals are likely to act as restraints on the growth of the global veterinary pain management market.

Market Segmentation:

The global veterinary pain management market has been segmented on the basis of drug type, devices, route of administration, animal type, application and end-users. Based on drug type, the veterinary pain management market is segmented into non-steroidal anti-inflammatory drugs, opioids, local anesthetics, α2-adrenergic agonists, muscle relaxants, sedatives and corticosteroids. The non-steroidal anti-inflammatory drugs segment is sub-segmented into etodolac, fentanyl, and meloxicam. The opioids segment is sub-segmented into morphine, hydromorphone, codeine, and others. The local anesthetics segment includes bupivacaine, lidocaine, chloroprocaine, and others. The α2-adrenergic agonists segment is sub-segmented into xylazine, medetomidine, and others.

Based on devices, the veterinary pain management market is segmented into laser therapy devices and electromagnetic therapy devices. Based on route of administration, the veterinary pain management market is segmented into oral, parenteral, and topical.

Based on animal type, the veterinary pain management market is segmented into companion animals, livestock, research animals, aquatic animals, zoo animals, and exotic animals. Based on application, the veterinary pain management market is segmented into joint pain, postoperative pain, and cancer. Based on end-users, the veterinary pain management market is segmented into veterinary hospitals and clinics, research institutes and universities, and laboratories.

Regional Analysis:

The global veterinary pain management market is geographically segmented into four major regions such as North America, Asia Pacific, Europe and the Middle East and Africa. The North America region accounts for the largest share in the global veterinary pain management market owing to the increased pet adoption activities, rise in awareness regarding maintaining the health of companion animals and adoption of advanced technology in the healthcare sector in this region.

The Europe and Asia Pacific regions are projecting significant growth in the global veterinary pain management market owing to the increasing rate of pet adoption, presence of large number of livestock and increasing veterinary healthcare expenditure by the population in these regions.

The veterinary pain management market in the Middle East and Africa region is projecting slow growth owing to lack of awareness and poor veterinary healthcare services in the underdeveloped areas of this region.

Industry Updates:

In August 2018, the restriction on the sale of Flunixin, a 'gold-standard' painkiller for horses, has been relaxed by Britain's Veterinary Medicines Directorate (VMD).

Key Players:

The prominent players in the global veterinary pain management market that are profiled in the report published by MRFR are Boehringer Ingelheim, Zoetis, Chanelle, Dechra Pharmaceuticals, Ceva Santé Animale, Norbrook Laboratories, Vetoquinol, Bayer, Merck Animal Health, Elanco, and Assisi Animal 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:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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

Thursday, 5 November 2020

Artificial Intelligence in Drug Discovery Market SWOT analysis and Key Business Strategies, Demand & Forecast – 2023

Artificial Intelligence (AI) in Drug Discovery Market Overview

AI drug discovery has proved itself as a vital part of the drugs industry. This technology is used for regulating drug innovation & progress costs and in decreasing the processing time. Fast adoption and other features will help the global AI in the drug discovery market to touch a 41% annual growth rate. AI method uses different algorithms for improving the drug designs, their molecular structures and classification of various forms of drugs. All of the above features are adding to the tally of the market and giving it a considerable push to reach new levels of success.

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AI in drug discovery has enlightened the workflow of medical facilities, and on the same page has helped in boosting care facilities. Extensive medical facilities have always tried to opt for better services and latest technologies with minimum space for mistakes. This technology has fastened the drug construction procedures for cases which need specialised medicinal attention, decreases failure risks and also the cost of research & development procedures. All these major features have pushed the authorities to adopt AI technology and have increased the AI in the drug discovery market.

In the absence of AI technology, any new drug development procedures can take years for development and substantial money. Apart from all these factors, AI is still a faraway story for most economies as it is costly, limited awareness and lack of skilled professional workers. These points are a major setback for the growth of the industry.

Market Segments of the Artificial Intelligence (AI) in Drug Discovery Market

The global market for AI in drug discovery is segmented into three factors:

Product type: There are three types of products, namely software, hardware and services.

Technology-based: Technologies like machine learning, deep learning, natural language processing and querying method are some examples of technology.

Application-based: AI technology is used in candidate screening, preclinical testing, target identification and others.

End-Users: Contract research organisations (CROs), pharma and biotech industries and government research facilities are some of the end-users.

Artificial Intelligence (AI) in Drug Discovery Market Regional Overview

America, Europe, Asia Pacific and The Middle East & Africa are the four markets observed for the Global AI in drugs discovery market.

The American region is the current market leader with the US and Canada as the major shareholding markets. Demand for new technologies, the presence of sound AI developers and increased investments in the direction of research & development are the major factors driving the market in this region. This region will maintain its position until the projected period.

The European region is the second-largest AI market. With the increasing demand for faster results and accuracy are helping the global AI in the drug discovery market grow in this region. Authorities and industries are hiring and collaborating with AI experts for easy attainment of such methods.

Asia Pacific region is in third place but will pop out as the fastest growing market in future perspective. There are continuous efforts to make this technology a common practice, and for that, companies are collaborating for better and reliable results.

The Middle East & African region is the smallest industry due to low economic developments and deliberate efforts towards creating a strong medical sector.

Recent Industry News

As a costly technology, efforts are required to develop more adaptable technologies which become suitable for all and will expand this industries base. Asia Pacific region is making substantial efforts in adopting and developing in technologies, making it the fastest-growing market on a global scale.

Key Players

Microsoft Corporation
IBM Corporation
Google (A Subsidiary of Alphabet Inc.)
Atomwise, Inc.
Deep Genomics
Cloud Pharmaceuticals, Inc.
Insilico Medicine
BenevolentAI
Exscientia
Cyclica
Bioage
Numerate
Numedii, Inc.
Envisagenics
Twoxar, Incorporated
Owkin, Inc.
Xtalpi, Inc.
Verge Genomics
Berg LLC

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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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Neurovascular devices Market Manufacturing Market to Set Astonishing Growth from 2020– 2023

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 Neurovascular Devices Market will grow at a healthy rate over the next couple of years.

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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Diagnostic Electrocardiograph (ECG)Market 2020-2025 | Industry Overview, Future Demand, Latest Research by Competitors, Segmentation and Regional Outlook

Diagnostic Electrocardiograph Market Analysis

The global diagnostic electrocardiograph 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

Diagnostic Electrocardiograph 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.

Diagnostic Electrocardiograph Market 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.

Diagnostic Electrocardiograph Market Studied by Top 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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Table Of Contents

REPORT PROLOGUE
MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power Of Suppliers

5.1.2. Bargaining Power Of Buyers

5.1.3. Threat Of New Entrants

5.1.4. Threat Of Substitutes

5.1.5. Intensity Of Rivalry

5.2. Value Chain Analysis

…..

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Diabetes Monitor Market Size : Industry Growth Factors, Applications, Growth Analysis, Key Players And Forecasts By 2023

Overview:

Diabetes monitoring is a type of testing that tries to detect the blood-glucose ratio to find out the concentration level. The process, in case of diabetes, involves piercing of the body part to receive a sample of the blood and then putting that on a chemically-active strip to understand the concentration level. The strip is disposable. These devices are known as diabetes monitor market. Other instruments are also available to check the urine sample or sweat sample. On the other hand, Abbott has launched one that requires no finger-pricking.

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The global market for diabetes monitoring can enjoy strong growth due to the growing investment in research and development. Hike in disposable income is also expected to support the global market by spurring the intake of the product. Innovation can play a pivotal role in taking the market ahead.

Segmentation:

The market study for global diabetes monitors relies on sample, type, component, and end-users for better analysis. The study includes factorial findings to support various details and provide better insights that can ensure better path selection for the coming years.

By sample, the market for diabetes monitor can include blood samples, urine samples, sweat samples, and others. All these samples play an integral part in the correct measurement of diabetes. However, blood samples are quite popular.

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

By components, the study includes glucose test strips, lancet, and sensors. The sensors segment comprises enzyme-based sensors and enzyme-free sensors

By end users, the report covers hospitals, diagnostic clinics, and home. All these segments are providing much traction. The simplicity of monitoring technology is giving traction to the home segment.

Regional Analysis:

The Americas has maximum market domination. Of the two major regions, North America is providing substantial market traction due to its superior infrastructure, solid investment capacity, high tendency to include technologies and others. Various companies are also operating from the region that can trigger boost for the market. Also, the market is gaining strong grounds due to the increasing patient population. Government initiatives are also remarkable. In South America, Argentina and Brazil are showing substantial growth capacity but these two countries can only provide growth with solid investment from various global players.

Europe is gaining substantial coverage due to the presence of several developed countries like France, the UK, Germany, Denmark, and others. Several countries from Northern Europe are showing strong potential. Governments are also making it mandatory to undergo several diabetes tests to ensure better safety provision for patients. Health insurances provide these compensations.

The APAC market is expected to gain a notable hike due to the increasing participation in the region from several governments. The devices are also cost-effective, which helps the market in gaining remarkable grounds. Huge patient pool and hike in technology can also ensure better market growth.

The Middle East and Africa may find the growth to be sluggish due to the presence of several weak economies.

Competitive Landscape:

A number of companies are expected to project strong growth for the global diabetes monitor market These companies are Abbott Laboratories, Panasonic, F. Hoffmann-La Roche Ltd, Dexcom, Inc., Sanofi, Medtronic, LifeScan, Inc., and others. MRFR recorded their growth and profiled their moves for the market to understand the market route chart for the coming years in a better way. Their steps often rely on successful integration of various strategies that would not just solidify their market stance but would take the market ahead in the coming years.

In September 2019, Sanofi announced that they have decided to collaborate with Abbott to launch a new diabetes monitoring technology that would integrate better quality glucose sensing and superior insulin delivery technologies, in order to facilitate better diabetes management. The device would adopt FreeStyle Libre technology.

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

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Friday, 6 November 2020

Medication management System Market -Report, Global Demand, Analysis, Research Trends

Retinal Implants Market Share, Revenue Expectation, Size and Trends

News: global veterinary pain management market Updates, Key Trends, Industry Demand and Forecast

Thursday, 5 November 2020

Artificial Intelligence in Drug Discovery Market SWOT analysis and Key Business Strategies, Demand & Forecast – 2023

Neurovascular devices Market Manufacturing Market to Set Astonishing Growth from 2020– 2023

Diagnostic Electrocardiograph (ECG)Market 2020-2025 | Industry Overview, Future Demand, Latest Research by Competitors, Segmentation and Regional Outlook

Diabetes Monitor Market Size : Industry Growth Factors, Applications, Growth Analysis, Key Players And Forecasts By 2023

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