Anti-viral Drugs Market Trends, Global report, Demand till 2022

 Anti-viral Drugs Market Highlights 

The global anti-viral drugs market is likely to touch an impressive valuation of USD 62.67 billion by 2022, predicts Market Research Future (MRFR). The report published by MRFR on the global anti-viral drugs market mentions that the market is projected to register a CAGR of 6.9% between 2013 and 2022.

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Anti-viral Drugs Market Synopsis

The rising cases of viral disease is identified to boost the global anti-viral drugs market growth. The inadequacy of dietary nutrition in people, due to increase in consumption of high calorie and low fibrous food is creating favourable condition for virus to invade human body. Hence, the need for anti-viral drugs are surging as viral infections prevail. The growing incidences of HIV and other sexually-transmitted diseases are also boosting the sales number of anti-viral drugs, hence, anticipated to prompt the anti-viral drug market growth.

The increase in cases of drug resistance is propelling extensive research and developmental undertakings for launching more effective anti-viral drugs. Additionally, the stringency in drug approval stages are taking care of the quality of drugs in the pipeline. New product launches are gaining traction for revenue generation for the anti-viral drugs market. The application of anti-viral drugs in other diseases like, bird flu, and others is also likely to prompt the global anti-viral drug growth. 

The expiry of patents for certain blockbuster anti-viral drug are stimulating generic drug competition in the anti-viral drug market. This is deepening the competitive scenario of the global anti-viral drug market over the assessment period. 

However, adverse effects of anti-viral drugs and high price of anti-viral drugs can hinder the anti-viral drugs market growth over the assessment period.  

Anti-viral Drugs Market Segmental Overview

The global anti-viral drugs market study has been segmented on the basis of application and mechanism of action.

Based on the application, the anti-viral drugs market has been segmented into Influenza, Hepatitis, Herpes, HIV/AIDS, and others. 

Based on the mechanism of action, the anti-viral drugs market has been segmented into Protease Inhibitors, Nucleotide Polymerase Inhibitors, Reverse Transcriptase Inhibitors, and others. 

Anti-viral Drugs Market Regional Outlook

Based on the region, the anti-viral drug market has been studied across the Americas, Asia Pacific, Europe, and the Middle East Asia.

MRFR forecasts that the anti-viral drug market in the American region is likely to hold the largest market share. The need for effective treatment of diseases due to the growing cases of viral infection in the region can bolster the anti-viral drugs market. The North American market is expected to grasp greater than 30% of the global market share. The anti-viral drugs market in Europe is likely to garner an impressive CAGR by 2022. MRFR report states that the anti-viral drugs market in Europe will hold the second largest market share over the review period. The anti-viral drug market in the Asia pacific region anticipated to register the highest CAGR over the forecast period. The anti-viral drug market in the Middle East Asia and Africa is expected to exhibit a sluggish growth. 

Anti-viral Drugs Market Key Players

MRFR have enlisted some of the prominent companies operating in the anti-viral drugs market. They are; Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co. Inc., Gilead Sciences Inc., Cipla Inc. GlaxoSmithKline Plc, Novartis International AG, Abbott Laboratories, and  Astra Zeneca AB.  

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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.

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Microspheres Market Reveals Lucrative Prospects for Manufacturers

 Microspheres are normally free flowing powders consisting of proteins or synthetic polymers having a particle size ranging from 1-1000 μm. Manufactured from different natural and synthetic materials, Microspheres are commercially available as Glass microspheres, ceramic microspheres, and polymer microspheres. 

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The density of solid and hollow microspheres varies widely; therefore, they are used in a range of applications. Hollow microspheres are characteristically used as additives to lower the density of a material. Whereas, solid microspheres are used numerous applications depending on the material they are made of and their size.

Microspheres play a causal role in the making of lighter and cost-effective consumer goods. Due to their small size and efficient carrier capacity, microspheres are majorly used in the manufacturing of innovative drug delivery system. Microspheres make an excellent match for control aspect of a drug administration system which further enhances the efficacy of therapeutics. 

Considering the rapid market expansion, the microspheres market witnesses currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global microspheres market is forecasted to grow exponentially by 2022, registering a staggering CAGR of 11.9% throughout the review period (2016-2022). 

Other factors primarily contributing to the growth of the market include increasing population that is continually creating a massive demand in the consumer goods market as well as promoting the growing need for quality healthcare. The spreading awareness about the benefits of medical Bio-resorbable polymers is another key driving force pushing up the market. 

Besides, factors such as increasing application areas of microspheres use, and advancements of microspheres in controlled drug delivery system, increasing advancement in drug development techniques and growing uses of microspheres for clinical research among others. Also, patient’s preference towards adopting controlled drug delivery matrix instead of surgeries boosts the market growth of microspheres, globally. 

Rising per capita income across the globe coupled with the huge demand for Microspheres in the innovative embolic therapies provides impetus to the growth of the market.

Conversely, the high cost coupled with the volatile price structure of raw materials used in the production of microspheres is some of the factors impeding the market growth substantially. 

 

Global Microspheres Market   - Segments

For ease of understanding, the analysis has been segmented into four key dynamics: - 

By Material : Synthetic Polymers and Natural Polymers.

By Type : Bioadhesive Microspheres, Magnetic Microspheres, Floating Microspheres, Radioactive Microspheres, and Polymeric Microspheres.

By Application : Drug Carriers, Pulmonary Drug Delivery, and Tissue Regeneration among others. 

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

 

Global Microspheres Market   -Regional Analysis 

The North America region, heading with the novel researches in the development and improvement of the product, leads the global microspheres market. Additional factors supporting the growth of the regional market include the availability of funding programmes from the public as well as private organizations and well-penetrated sectors of healthcare, medical technology, and medical devices which are key markets for microspheres. 

The US, accounting for one of the five largest markets for microspheres, stands as the primary growth driver for the regional market. Owing to the vast technological development and the uptake of advanced technologies, the North American microspheres market will register a staggering CAGR of 11.3% throughout the forecast period.

The microspheres market in the European region accounts for the second largest market, globally. The well-established healthcare industry and futuristic radiation therapy equipment are two of the key driving forces increasing the size of the regional market. 

Growing markets in countries such as Germany and the Netherlands, backed by the increasing investments in the field of drug delivery and orthopedics devices predominantly drive the growth in the regional market. Witnessing a steady increase, the European microspheres market is expected to grow at a CAGR of 11.5% during the period 2016-2022. 

The Asia Pacific microspheres market is emerging as the most promising market, globally. Some of the rapidly growing end-use industries of microspheres such as healthcare, chemicals, medical technology, and medical devices are driving the regional market. Moreover, the ever-increasing population and the rapidly developing economy in countries such as India and China are commutatively driving the regional market, giving the Asia Pacific a competitive advantage in the global microspheres market.

Global Microspheres Market   - Competitive Analysis 

Several matured and small-scale players form a competitive landscape in the well-established global Microspheres market. Some of them are having a presence in the international markets as well. The market appears highly competitive yet, moderately fragmented. Product launch, product features, quality, cost, and financial stability are some of the major parameters these key players compete based on.

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. These players are investing in internal R&D and, most of all, in acquiring other small yet promising firms in the emerging regions. 

Major Players: 

Key players leading the global microspheres market include Potters Industries LLC (United States), 3M (Unites States), AkzoNobel N.V. (Netherlands), Chase Corporation (United States), Momentive Performance Materials Inc. (United States), Matsumoto Yushi Seiyaku Company (Japan), Trelleborg AB (Sweden), Mo-Sci Corporation (United States), and Luminex Corporation (United States) among others.

Industry/ Innovation/ Related News

April 08, 2019 ---- ABK Biomedical, Inc. (Canada), a medical device company announced a USD 30 MN Series B financing. The funding collected through the round co-led by F-Prime Capital and Varian Medical Systems will be used for continued focused product development of its Eye90™ microspheres and Easi-Vue™ microspheres. 

ABK Biomedical is involved in the research, development, and commercialization of innovative embolic therapies and its Eye90™ microspheres are designed for transarterial radiation therapy for liver tumors. The Easi-Vue™ microspheres are developed for the bland embolic treatment of hypervascular tumors.

March 08, 2019 ---- Nouryon Holding BV (the Netherlands), a specialty chemicals company formerly known as AkzoNobel Specialty Chemicals announced that it is poised to buy a new plant for expandable microspheres in the US. It is a world-scale polymerization plant which will offer Nouryon with a better-enhanced leadership hold in expandable microspheres market. 

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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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Knee replacement Market 2021- Top Trends And Detailed Analysis, Demand, Research Report, Growth to forecast till 2025

 The global knee replacement market is expected to exhibit a 3.7% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global knee replacement market is expected to reach USD 10 billion by 2025, according to the report. The global knee replacement market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. 

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The historical stats of the knee replacement market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the knee replacement market’s growth trajectory over the forecast period are provided in the report. The leading players in the global knee replacement market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global knee replacement market. The major drivers and restraints affecting the global knee replacement market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Knee replacement, also known as knee arthroplasty, is a joint replacement procedure performed to replace diseased knee joints with functional alternatives made from materials such as metals and ceramics. Knee replacement is often performed on patients suffering from rheumatic arthritis, post-traumatic arthritis, or osteoarthritis. The growing awareness about knee replacement procedures is likely to be a major driver for the knee replacement market over the forecast period. In recent years, many advancements have been made in the field of knee replacement, with advanced composite materials often replacing the older metal implants and noninvasive surgical procedures replacing the older, invasive procedures. This has been a major driver for the global knee replacement market. 

The increasing geriatric population around the world is likely to be a major driver for the global knee replacement market over the forecast period. Geriatrics are the most likely to require knee transplants, due to age-related damage to the knees and the onset of arthritis with age. The increasing lifestyle standards around the world have led to an increase in the population of geriatrics. This is likely to remain the major driver for the global knee replacement market over the forecast period. 

Competitive Leaderboard:

Leading players in the global knee replacement market include Kinamed Inc., Allegra Orthopaedics Ltd., Medacta International, Aesculap Implants Systems LLC, Corin Group, Exactech Inc., Smith and Nephew, Stryker, DePuy Synthes, and Zimmer Inc. 

Segmentation:

The global knee replacement market is segmented on the basis of product type, material type, end user, and region. 

By product type, the global knee replacement market is segmented into partial knee reconstructive implants, total knee reconstructive implants, and revision knee reconstructive implants. The total knee reconstructive implants segment is further subcategorized into medial pivot implants, mobile bearing implants, fixed bearing implants, and others. 

By material type, the global knee replacement market is segmented into ceramics, metal alloys, strong plastic parts, and others. 

By end use, the global knee replacement market is segmented into hospitals and clinics, specialty centers, and rehabilitation centers. The hospitals and clinics segment holds the largest share in the global knee replacement market. 

Regional Analysis:

Geographically, the global knee replacement market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. 

The Americas hold the largest share in the global knee replacement market. The high population of geriatrics in the region is the prime driver for the knee replacement market in the region. The increasing prevalence of lifestyle disorders such as diabetes is also likely to be a major driver for the knee replacement market in the Americas region. 

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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.

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Biosimilars Market Growth Drivers, Trends, Business Opportunities, Competitive Landscape, Strategies, Developments and Impact of COVID-19

 Biosimilars Market-Highlights

The global biosimilars market is expected to exhibit a strong 7.5% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global biosimilars market was valued at USD 13.4 billion in 2018. 

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Biosimilars are biological medicines that are highly similar to another already approved medicine. The patent expiry of several blockbuster drugs has been a major driver for the global biosimilars market over the last few years, as this has driven the demand for generics and other alternatives to blockbuster drugs. This is likely to remain a major driver for the global biosimilars market over the forecast period, with several blockbuster drugs expected to lose their patents in the coming years, leading to a growing demand for alternatives. Due to the high profitability of biosimilars, many pharmaceutical companies have invested significantly in the development of biosimilars in the last few years. Biosimilars have become a highly useful and lucrative addition to the portfolio of pharmaceutical giants in the last few years. This is also likely to remain a key driver for the global biosimilars market over the forecast period. 

The growing prevalence of chronic diseases is also likely to be a major driver for the global biosimilars market over the forecast period. The increasing prevalence of orthopedic, hematological, oncological, and neurological diseases that take a long time to fix has been a boon for the biosimilars market, as this has driven the demand for effective biological drugs to treat the diseases. The increasing demand from patients for biological products, which are viewed as being healthier and more effective than synthetic products, is also likely to be a major driver for the global biosimilars market over the forecast period. Noting the growing demand for biosimilars, the U.S. FDA has approved numerous biosimilars drugs over the last few years. This has also been a major driver for the global biosimilars market and is likely to remain a key driver for the market over the forecast period. 

Biosimilars Market Competitive Leaderboard:

Leading players in the global biosimilars market include Mylan Inc., Stada Arzneimittel AG, Cipla Ltd., Actavis Inc., Hospira Inc., Eli Lily and Company, Samsung Biologics, Celltrion, Dr. Reddy’s Laboratories, Biocon, Amgen Inc., Teva Pharmaceuticals, Sandoz International, and Pfizer. Major players in the global biosimilars market are likely to focus on product expansion and development over the forecast period. Developing new, varied biosimilars for multiple diseases is likely to remain a profitable venture for players in the biosimilars market over the forecast period. 

Biosimilars Market Segmentation:

The global biosimilars market is segmented on the basis of product, application, end user, and region. 

By product type, the global biosimilars market is segmented into recombinant non-glycosylated proteins, recombinant glycosylated proteins, and recombinant peptides. The recombinant non-glycosylated proteins are further divided into human growth hormone (RHGH), granulocyte colony-stimulating factor (filgrastim), insulin, and interferons. Similarly, the recombinant glycosylated proteins segment is further sub-segmented into erythropoietin (EPO), monoclonal antibodies (MABS), and follitropin. The recombinant peptides segment has been subdivided into glucagon and calcitonin. The recombinant non-glycosylated proteins segment is expected to hold a major share in the market due to an increase in the incidence of chronic diseases, diabetes, and growth hormone deficiency-related disorders. Thus, the therapeutic use of recombinant non-glycosylated proteins is broadening.  

By application, the global biosimilars market is segmented into oncology, chronic diseases, autoimmune diseases, blood disorders, growth hormone deficiency, infectious diseases, and others. The blood disorders segment is expected to exhibit growth at a high growth rate over the forecast period due to the growing realization of the usability of biosimilars in treating blood disorders. 

By end use, the global biosimilars market is segmented into hospitals and clinics, research institutes, and others. Hospitals and clinics are likely to hold the largest share in the global biosimilars market over the forecast period. 

Biosimilars Market Regional Analysis:

Europe is expected to dominate the global biosimilars market over the forecast period, followed by North America. Increasing product launches and supportive schemes from governments in the region are the major driver for the Europe and North America biosimilars markets. 

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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.

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Clinical Nutrition Market Demand Forecast, Growth Analysis, Industry Size, Share, Investment Opportunities, Business Revenue, Company Profiles and Impact of COVID-19

 Clinical nutrition is targeted at patients ranging from infancy to old age and assisting them with their dietary habits. It covers dietary information for patients with chronic conditions, grievous injuries, and counseling for healthier lifestyles. The global clinical nutrition market report covers the latest trends and opportunities for the period of 2017 to 2027 (forecast period). The impact of the COVID-19 pandemic has been taken into consideration for estimating the scope of the market.

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Market Scope

The global clinical nutrition market is expected to attain an overwhelming demand over the forecast period owing to the rise in health consciousness among the populace. Awareness of chronic diseases, rising number of cases, and a large geriatric populace are other drivers of the market. The loss of appetite in the elderly and low intake of necessary foods can trigger the need for clinical nutrition. Their susceptibility to diseases can favor the market even further.

The large cases of malnourishment are also touted to drive the market growth. As per a 2017 report by WHO, there are close to 15 million premature births globally. The impact of the COVID-19 pandemic on the industry is huge owing to vital supplements and medicines being in short supply due to lockdowns imposed in nations. Rising number of cases of obesity and diabetes is one of the prime factors fueling market growth prospects.

But strict regulations pertaining to approval can hamper market growth.

Segmentation

The global clinical nutrition market is segmented by product. By product, it is segmented into parenteral nutrition, enteral nutrition, and infant nutrition. Infant nutrition is expected to gain a major share of the market till the end of the forecast period. The cases of malnourished children in developing economies are an indicator of the large potential of the market. Awareness programs aimed at educating the masses can foster the growth of the segment as well. 

Enteral nutrition is further divided into standard and chronic illness, while parenteral nutrition is segmented into probiotic/prebiotic, soy based, milk based, organic, and others. Within the parenteral nutrition segment, the milk-based segment is expected to fetch huge revenues for the market.

Regional Analysis

North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions covered in the global clinical nutrition market.

APAC is expected to dominate the market owing to number of premature births and rising awareness of clinical products. The large disposable income levels of consumers, the growing workforce of women, and urbanization can fuel the regional clinical nutrition market. Presence of nutritionists and dieticians and a large populace of the elderly can bode well for the market.

North America accounted for 23.1% market share in 2017. Large healthcare burden and awareness of clinical nutrition in the U.S. can augur favorably for the market. The high birth rate and sales of infant formulas are evidence of the large potential of the market. In addition, the manufacture of suitable products by nutritional manufacturers, food programs, and focus on elderly care can be lucrative avenues for the market to expand.

Competition Outlook

Fresenius Kabi AG, GroupeDanone, B. Braun Melsungen AG, Abbott Laboratories, Perrigo Company Plc, Hospira, Inc, Baxter International, Inc, Nestlé S.A, and Mead Johnson Nutrition Company are key players of the global clinical nutrition market.

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About Market Research Future:

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

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

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

Contact:

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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.

Gene Editing Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

 Gene editing, genome editing, or genome engineering is a type of genetic engineering in which the gene of a particular organism is modified, added, or deleted for treatment of particular diseases. Early methods of gene editing have led to the insertion of the genome sequence within the cell such as homologous recombination. The global gene editing market report compiled by Market Research Future (MRFR) takes a look at various methods and its future potential for the period of 2018 to 2023 (forecast period).

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Market Scope

The global gene editing market is predicted to expand at 18.30% CAGR during the forecast period. It can thrive by modifying the DNA of livestock to increase their immunity or defenses against certain bacteria. Gene-editing therapies on animals and their approval from regulatory bodies can bode well for the market. Furthermore, prevalence of cancer, hemophilia, HIV, and sickle cell anemia will drive the demand in the global market.

Applications in pet breeding, allergy-free foods, biodiesel, and others can drive the technological usage of CRISPR-Cas9. The use of gene editing techniques to remove mutations in DNA of companion animals and improve their overall health will be lucrative for manufacturers in the coming years. Prevalence of lactose intolerance and celiac disease is bound to spur the need for such technologies and drive the production of allergen-free foods.

Strict regulations pertaining to the technology and adverse public perception may restrain the global gene editing market growth. 

Segmentation

The global gene editing market is segmented on basis of methods, applications, and end users. 

Based on methods, the market is segmented as Antisense technology, ZFN, CRISPR, TALEN, and others.

On the basis of application they are segmented as gene therapy, plant genetic engineering, animal genetic engineering, and microorganism’s genetic engineering. 

On the basis of end users, the market is segmented into contract research organizations, biotechnology, and pharmaceuticals.    

Regional Analysis

On the regional basis, the market is segmented into Americas, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA).

The Americas are predicted to dominate the market owing to developments in drug discovery, investments in drugs and vaccines, rise in research studies, and mushrooming of the biotechnology sector. The increase in research expenditure, incidence of chronic diseases, and use of stem cells are major drivers of the market. The U.S., in particular, will drive the market growth till 2023. Sale of do-it-yourself (DIY) genetic engineering kits can lead to research at home and create interest among budding scientists. However, the ban on the sale of such kits may hamper its growth.

APAC, on the other hand, is likely to display the fastest growth rate during the forecast period owing to funds invested in public research organizations to further research in biotechnology. Establishment of gene editing companies and increased spending on research and development can fuel the market growth. Production of generic drugs and presence of contract research organizations will bode well for the global gene editing market.

Competition Outlook

Horizon Discovery Group plc, New England Biolabs, Inc., Sangamo Biosciences, Inc., Lonza Group Ltd., OriGene Technologies, Inc., Thermo Fisher Scientific, Inc., Transposagen Biopharmaceuticals, Inc., GenScript USA Inc., Integrated DNA Technologies, Inc., and Sigma-Aldrich Corporation are premier biotechnology companies in the global gene editing market. Sharing of technology, mergers and acquisitions, and partnerships are on the rise in the market. Recently, Horizon Discovery Group has decided to share a customized version of the CRISPR technology with its partners for the development of cell therapies.

Industry News

The Wyss Institute for Biologically Inspired Engineering at Harvard University and Cytosurge AG have decided to collaborate on introducing multiple edits of the DNA of single cells in CRISPR technology. This can drive forward the applications of cell lines in biopharmaceutical, pharmaceutical, and clinical sectors.

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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.

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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.

Veterinary POC Diagnostic Market-trends, demand, news, growth by 2027

 

Market Highlights

According to MRFR analysis, the Global Veterinary POC Diagnostic Market is expected to register a CAGR of 8.9% during the forecast period of 2020 to 2027 and reach USD 2,894 Million by 2027.

Changes in veterinary healthcare system like Point-of-Care (POC), it enables rapid results in non-laboratory settings. There is traction in the veterinary point-of-care diagnostics market due to the adoption of advanced and innovative diagnostic testing methods.

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The growth of the global veterinary POC diagnostic market can be attributed to the growing need for rescue medication, demand for POC diagnostic in the field of veterinary as the diseases in animals is increasing and affecting the human being as well.

Furthermore, growing companion animal population, growing prevalence of animal zoonotic diseases, rising demand for pet insurance & growing animal health expenditure, an increasing number of veterinary practitioners, increase in income levels in developed economies are expected to fuel the market growth during the forecast period.

However, the increasing pet care costs and high cost of veterinary imaging instruments are expected to restrain the growth of the global veterinary POC diagnostic market.

Several market players such as IDEXX Laboratories, Heska Corporation, and Fujifilm among others currently dominate the global veterinary POC diagnostic market. The key players are involved in awareness campaigns, product approvals, mergers, and strategic collaborations to strengthen their market positions, for instance, In January 2020, IDEXX launched the Vcheck Feline NT-proBNP test kit, In January 2020, Heska Corporation acquired SCIL Animal Care Company (Germany) to complement the company's veterinary diagnostics portfolio and expand the geographic portfolio across North America and greater Europe and reach over to 25 countries across these regions., In July 2019, Fujifilm Corporation established FUJIFILM VET Systems Co., Ltd in Japan to supply its veterinary products segment to veterinary clinical practices in the country. This expansion would enhance the company's veterinary medicine business in Japan. In January 2018, IDEXX launched the IDEXX Catalyst SDMA Test.

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Segmentation

Global Veterinary POC Diagnostic Market has been segmented based on the Product, Technology, Application, Animal Type, and End User.

Based on the type, the global veterinary POC diagnostic market has been segmented into Consumable, Instruments. The consumable segment is expected to hold the largest market share owing to the increasing demand for the rapid detection of diseases, the growing prevalence of animal zoonotic diseases.

On the basis of technology, the market has been segmented into Clinical Biochemistry, Immunodiagnostics, Hematology, Urinalysis, and Molecular Diagnostics. Clinical Biochemistry is expected to hold a major market share due to the higher preference for various advanced clinical diagnostic products by veterinarians and pet owners are contributing to the large share of this segment.

Based on the application, the market has been segmented into Clinical Pathology, Bacteriology, Virology, Parasitology, Orthopedics & traumatology, Gynecology, Oncology, Cardiology, and Neurology. Clinical pathology is expected to grow at the fastest CAGR.

The market based on end user has been segmented into hospitals & clinics, home care, and others. The hospitals and clinics segment is expected to hold the largest market share owing to the larger patient footfall in hospitals.

Based on the animal type, the market has been segmented into Companion animals, Livestock Animals. Clinical pathology is expected to grow at the fastest CAGR.

Key Players

Thermo Fisher Scientific, Inc. (US), Idexx Laboratories, Inc. (US), Zoetis, Inc. (US), Virbac (France), Heska Corporation (US), Eurolyser Diagnostica GmbH (Austria), Woodley Equipment Company Ltd. (UK), Randox Laboratories, Ltd. (UK), AniPoC, Ltd. (UK), Carestream Health, Inc. (US), Neurologica Corporation (US), Fujifilm Sonosite, Inc. (Japan), Diagnostic Imaging Systems, Inc. (US), Esaote spa (Italy), Mindray Medical International Limited (A Part of Excelsior Union Limited) (China), GE Healthcare (US), Minxray, Inc. (US), QR s.r.l. (Italy), Sedecal (Spain), Examion GmbH (Germany)

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2019, owing to the rising animal zoonotic diseases in the region. The veterinary POC diagnostic market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European veterinary POC diagnostic market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The veterinary POC diagnostic market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing zoonotic diseases, the market in Asia-Pacific is expected to be the fastest-growing. The veterinary POC diagnostic market in the Middle East & Africa has been divided into the Middle East and Africa.

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