Atrial Fibrillation Market Growth 2021 | Worldwide Overview By Top Vendors, Demand, Technology Trends, Regional Outlook, Statistics Data and Forecast

 

Atrial Fibrillation Market Overview:

Rapid technological advancement is aiding the healthcare sector for the development of advanced medical devices to treat various complex health conditions. Atrial fibrillation is a medical condition where the heartbeats are irregular which increases the risk of stroke, heart failure, blood clots and other heart-related complications. This condition may sometime require surgical treatments such as ablation, pacemakers and others. Market Research Future (MRFR) has published a detailed report stating that the global atrial fibrillation market is marked to expand at a notable growth rate during the forecast period of 2017-2023.

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Atrial Fibrillation Market Drivers and Restraints:

Increasing prevalence of atrial fibrillation owing to the factors such as high alcohol consumption, hypertension and other chronic diseases, changing lifestyle and rise in geriatric population are majorly fueling the growth of the global atrial fibrillation market. Rapid adoption of advanced technology in the healthcare sector in order to improve the diagnostic and treatment procedures and availability of high-resolution images that can be obtained for proper diagnosis of heart conditions are propelling the growth of the global atrial fibrillation market. Increased research and development in the healthcare sector in various regions is also driving the expansion of the global atrial fibrillation market. However, absence of primary healthcare services and low penetration of advanced technology in the underdeveloped countries are likely to restrain the expansion of the global atrial fibrillation market during the forecast period.

Atrial Fibrillation Market Segmentation:

The global atrial fibrillation market has been segmented on the basis of product and end-users. Based on product, the atrial fibrillation market has been segmented into non-surgical and surgical. Based on end-users, the global atrial fibrillation market has been segmented into cardio centers, big hospitals, and heart specialty care enterprises. The heart specialty care enterprises segment commands the major share in the global atrial fibrillation market.

Atrial Fibrillation Market Regional Analysis:

Geographically, the global atrial fibrillation market has been segmented into four major regions such as the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas project significant growth in the global atrial fibrillation market owing to the increasing prevalence of heart conditions as a result of changing lifestyle, busy work culture and unhealthy dietary habits of the population in this region. Easy adoption of technologically advanced treatment solutions in the well-developed healthcare sector is also propelling the growth of the atrial fibrillation market in this region. Increased research and development expenditure for introduction of advanced treatment and diagnosis techniques is fueling the growth of the atrial fibrillation market in the Europe region. Rise in prevalence of individuals suffering from atrial fibrillation and development of healthcare sector in the emerging economies are aiding the growth of the atrial fibrillation market in the Asia Pacific region. The Middle East and Africa region is anticipated to project sluggish growth in the global atrial fibrillation market owing to the lack of primary healthcare services and poor economic conditions in the underdeveloped areas of this region.

Industry Updates:

In November 2018, Johnson and Johnson Medical Devices Company has announced that Biosense Webster Inc. has successfully treated the first patient in its STELLAR U.S. Investigational Device Exemption (IDE) study that has been carried out to evaluate safety and effectiveness of Heliostar Multi-electrode Radiofrequency balloon ablation catheter in treating atrial fibrillation. 

In December 2018, it has been announced the first patient has been treated in the TERMINATE AF study for evaluation of Cardioblate Irrigated RF System of Medtronic and also its CryoFlex Surgical Ablation System for the patients with persistent atrial fibrillation that are undergoing open heart surgery. 

Key Players:

The prominent players profiled by MRFR that are operating in the global atrial fibrillation market are Biosense Webster, Carima, Agricore, Medtronic, and St. Jude Medical.

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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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Analysis on Cardiac Monitoring and Cardiac Rhythm Management Devices Market Trends and Demand by Top Leaders

 Global Cardiac Monitoring and Cardiac Rhythm Management Device Market Overview

A cardiac monitoring device enables the observing of a patient’s cardiac activity. A cardiac rhythm management device maintains a normal cardiac rhythm in patients suffering from irregular heart rate and rhythm disorder. According to the analysis conducted and the latest report published by MRFR, the global cardiac monitoring and cardiac rhythm management device market are estimated to record a 4% CAGR during the forecast period. Many factors are leading the global market for cardiac monitoring and cardiac rhythm management devices through the review period.

Some of these factors include the increasing cardiac disorders, changing lifestyles, as well as, technological advancements in cardiac devices. Further, the rising awareness towards cardiac disorders and healthcare programs is contributing heavily to the unparalleled growth witnessed by the global cardiac monitoring and cardiac rhythm management device market. The increasing unmet medical needs in developing and underdeveloped economies have also led to the proliferating adoption of cardiac monitoring and cardiac rhythm management devices in different healthcare organizations and hospitals. The development of new MRI-labeled devices and the economic development in Asia Pacific are likely to drive the cardiac monitoring and cardiac rhythm management device market to a great extent. 

Further, increasing technical advancements observed in the drug-eluting, MRI compatible pacemakers, and Holter monitors are some other factors pushing the cardiac monitoring and cardiac rhythm management device market during the forecast period. Intensifying demand for minimally invasive surgeries is correspondingly witnessed to drive growth in the cardiac monitoring and cardiac rhythm management device market. However, some factors are posing as hindrances in the growth of the global cardiac monitoring and cardiac rhythm management device market. Some of the factors refraining the market from growing include stringent regulatory approval procedures, high cost of cardiac devices, and the lack of reimbursement policies in developing countries.

Market Segmentation

The global cardiac rhythm management and cardiac monitoring device market has been analyzed for various segments. Such segmentation has been carried out on the basis of type, end-users, and region. On the basis of type, the global cardiac monitoring and cardiac rhythm management device market has been segmented into cardiac devices, types of cardiac monitoring devices, and types of cardiac rhythm management devices. Further, the types of cardiac devices segment is further segmented into pacemaker, implantable cardioverter defibrillator, biventricular pacemaker, loop recorder, and implantable cardiac. 

The types of cardiac monitoring devices segment has been further sub-segmented into electrocardiogram (ECG), Holter monitor, implantable loop recorder, event monitor, and cardiac output monitoring devices. The Electrocardiogram segment is further sub-segmented into telelectro-cardiogram, lead ECG test, and wireless ECG. 

The segment for cardiac rhythm management devices has been sub-segmented into defibrillators, cardiac resynchronization, therapy devices, and pacemakers. The defibrillators segment is further sub-segmented into implantable defibrillators and external defibrillators. Based on end-users, the global cardiac monitoring and cardiac rhythm management device market is segmented into ambulatory surgeries and hospitals.

Detailed Regional Analysis

The global cardiac monitoring and cardiac rhythm management device market has been studied for the regional segments of the Americas, Europe, Asia Pacific, and the Middle East & Africa. North America is likely to govern the global cardiac monitoring and cardiac rhythm management device market during the forecast period. Increasing investments by North America in cardiac devices in the last few years has contributed heavily to the ascension of the market in the region. A rising number of cardiac patients, better healthcare infrastructure, and advanced cardiac monitoring technology are also estimated to drive the market to a great extent. 

Asia Pacific is expected to garner fastest market growth during the assessment period due to the swelling prevalence of cardiac diseases, mounting investments in healthcare, increasing geriatric population, and the expansion of market players in the region. Asia Pacific is likely to create new growth avenues for cardiac monitoring and cardiac rhythm management device market owing to the production of cost-effective products that are highly demanded in local and global markets.  

Key Players

Some of the prominent players in the cardiac monitoring and cardiac rhythm management device market include Abiomed, Brotionik SE and Co. KG, Berlin Hearth, Cardiac Science Corporation, Boston Scientific Corporation, General Electric(GE), Jarvik Hearth. Inc, Koninklijke Philips N.V, Hill Rom Services Inc, LivaNova plc, Nihon Kohden Corporation, ReliantHeart Inc, Medtronic plc, Schiller, and Abbott.

Industry Update

May 2019: Abbott announced the launch of their latest, smarter heart monitor for better arrhythmia detection. The next-generation Confirm Rx insertable cardiac monitor (ICM) is a paper-sized implantable device that combines smartphone connectivity and can be monitored remotely to track unpredictable hearth rhythm problems.  

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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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Near Infrared Imaging Market Driven by the Growing Use of Electronic Devices to Fuel Demand & to witness a Surge in Demand due to COVID-19

 Near Infrared Imaging Market Overview

Near infrared imaging can be defined as a type of non-invasive imaging technique, which uses the near-infrared radiations and is used to probe the oxygenation and concentration of hemoglobin in the muscle, brain, and other tissues. This procedure is also used to identify changes, which is caused by brain injury, activity, or disease. It also finds application in diagnosing Alzheimer’s disease, breast cancer, schizophrenia, and depression. As this technique provides improved resolution for differentiation of soft tissues from tumors and less harmful, it is advantageous over other imaging procedures. The global near infrared imaging market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 12.6% during the forecast period (2018–2023).

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Rising geriatric population is considered one of the prime factors propelling the near infrared imaging market growth worldwide. Thus, reconstructive procedures will elevate the scope of the market in the long run. The surging number of bone grafting, skin grafting, and transplant are likely to provide impetus to the market. Moreover, low risk of radiation from infrared imaging will push the market to grow substantially. The increasing number of surgical procedures is expected to boost the demand for near infrared imaging. The rising occurrence of cancer will promote the market growth in the next couple of years.

On the contrary, the dearth of skilled professionals in order to operate the machines is estimated to deter the market growth in the foreseeable future.

Global Near Infrared Imaging Market: Segmental Analysis

The near infrared imaging market has been segmented on the basis of type, sample type, and end user.

By type, the market constitutes of automated devices and manual devices.

The sample type comprises plasma, blood, whole blood & red blood cells, stem cells, embryos, platelets, semen, ovum, and others.

The end users comprise hospitals & diagnostic laboratories, blood banks & transfusion centers, biotechnology & pharmaceutical companies, research & academic institutes, and others. Of these, the hospitals & diagnostic laboratories are anticipated to garner the major share owing to the rising cases of cancer and surging number of reconstructive and plastic surgeries performed in hospitals & diagnostic laboratories. 

Near Infrared Imaging Market Regional Frontiers

Geographically, the near infrared imaging market spans across Europe, the Americas, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the Americas is predicted to command the largest share and retain its dominance in the coming years, mainly due to the high domestic income of the population in the region. The existence of key market players is considered to be a major factor in encouraging the regional market’s growth. In this region, North America is considered to be the major revenue-generating region and the growth is majorly driven by the increasing healthcare spending, surging geriatric population, and soaring number of cosmetic surgeries. Moreover, the rapid adoption of advanced imaging systems and surging cases of target diseases will favor the regional market growth.

Europe has managed to seize the second-largest share globally, and the market’s growth can be credited to the existence of strong research and academic base, coupled with the availability of funding for research in the countries of Europe. The European Research Council, for instance, offer grants for scientific and technological research, which is conducted within the EU.

Meanwhile, the Asia Pacific is expected to expand at the fastest rate due to the rising government focus on biotechnology and biomedical sector. Also, the rising number of the target population in the region has promoted the market growth. The presence of huge patient population and increasing healthcare expenditure are likely to encourage the market growth in the coming years. Moreover, the constantly evolving life science sector, especially in economies like China, India, Malaysia, and others are expected to promote the regional market growth.

Industry Updates

September 2019: A team of researchers from MIT, Harvard, and other nearby hospitals has come up with an objective method of measuring the pain that an individual experience using a non-invasive imaging procedure. The technology measures the amount of oxygenated hemoglobin that indicates the underlying neural activity. Sensor is placed on the forehead in order to record the activity.

Competitive Dashboard

The top players operating in the near infrared imaging market include Li-Cor, Inc. (US), PerkinElmer, Inc. (US), Karl Storz Se & Co. Kg (Germany), Stryker Corporation (US), Leica Microsystems (Germany), Carl Zeiss Meditec AG (Germany), Hamamatsu Photonics K.K., (Japan), Medtronic (Ireland), Shimadzu Corporation (Japan), Olympus Corporation (Japan), Mizuho Medical Co., Ltd. (Japan), Quest Medical Imaging B.V. (the Netherlands), and others.

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Soft Tissue Repair Market 2020 Expected to Showcase Extensive Growth, Business Opportunity | MRFR

 Soft Tissue Repair Market Overview:

 The global soft tissue repair market had a valuation of USD 5200 million in 2017 and from there, it is planning a leap with 6.2% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) studied several changes and included factors like the rising cases of sports-related injuries and the inclusion of top-notch technologies as major growth-inducers. In addition, reimbursement policies, untapped potential in emerging countries, products in the pipeline for approval, and healthcare expenditure are expected to make an impact on the market.

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Soft Tissue Repair Market Segmentation:

The global soft tissue repair market has been segmented on the basis of product, application, and end user. These segments have a lot of data related to various factors, which can inspire strategies that could make the market more sustainable. 

By product, the global market for soft tissue has been segmented on the basis of tissue patch/match, a laparoscopic instrument, fixation products, and others. The fixation products segment includes suture anchors, suture, and interference screw. The tissue patch/match segment encompasses biological and synthetic. The biological segment has been studied on the basis of allograft and xenograft.

By application, the study on the market includes skin repair, hernia repair, orthopedic surgery, breast reconstruction, dental reconstruction, cardiovascular surgery, vaginal sling repair, and others. The dental reconstruction segment is getting backed substantially. A rise in demand for aesthetic changes is boosting the breast reconstruction segment.

By end user, the market includes hospitals, clinics, research & academic institutes, and others.

Soft Tissue Repair Market Regional Analysis:

The Americas would take charge of the global market as the market is getting backing in the Northern part due to the rising expenditure in research and development. Two countries, the US and Canada, are impacting the most. Their superlative infrastructure is also providing much support to the market.

Soft Tissue Repair Market Competitive Landscape:

Arthrex, Inc., Integra LifeScience Corporation, Stryker Corporation, C.R. Bard, Inc., Allergan Plc., Athersys, Inc., Depuy Synthes, Smith & Nephew plc, Organogenesis Inc., Zimmer Biomet Holdings, Inc., CryoLife, Inc., Medtronic Plc., U.S. Stem Cell, Inc., Wright Medical Group, Inc., Lifenet Health, Inc., American Medical Systems Inc., Isto Biologics, and others are companies that got involved in the soft tissue repair market. Most of these companies are planning changes in their strategic moves and some have already started implementing them to sustain during the forecast period. These moves often span across mergers, collaborations, product launching, branding, better funding for research and development, and others. MRFR’s attempt to dig deep into the market to find out various changes is getting reflected in its efforts to map the recent steps taken by these companies, which may help in charting a proper course in the coming days.

Industry News:

The global soft tissue repair market is witnessing a slight fall in the market revenues as the COVID-19 crisis has forced people to stay inside. Governments across nations made a decision to provide resources to people suffering from various diseases on the basis of emergency. In treating patients, governments are now focusing on cases with serious impacts. That pushes the soft tissue repair market back. This is triggering a slight plummet in the market revenues. Also, funds allocated for research and development are getting mostly diversified to COVID-19 research. 

However, various states are lifting the lockdowns, which would inspire people to go out and hit the gym or start getting involved in sports. These two are major traction providers for the soft tissue repair market. Such a change would also create scope for treatment-associated products to plan their strategies accordingly. 

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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.

Contact:

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Pune – 411028

Maharashtra, India

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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.

 

Compressed Air Treatment Equipment Market Growth Is Driven By The Increasing Demands of Various Therapies and Geographical Regions

 Market Highlights

According to MRFR analysis, Global Compressed Air Treatment Equipment Market is expected to register a CAGR of 6.5 from 2020 to 2027 and hold a value of USD 12,500 Million till 2027.

 

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Global Compressed Air Treatment Equipment Market is driven by several factors, such as high product penetration across various end-use industries such as F&B, pharmaceuticals, chemicals, and others, rising demand from these industries to protect air compressors from corrosion or rust, and technological advancements in the compressed air treatment equipment are augmenting the market growth.

A lot of established and emerging market players are dominating the global compressed air treatment equipment market. The prominent players are involved in strategic agreements, product launches, and joint ventures to sustain their market position. For instance, in May 2017, Atlas Copco (US) acquired Pressure Compressors Ltd (Brazil) and related manufacturers. The acquisition was carried out to help strengthen their presence in both countries, namely Brazil and US.

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Segmentation

Global Compressed Air Treatment Equipment Market has been segmented into Product, Application, and End-Use.

Based on the product, the market has been segregated into filters, dryers, air coolers, and others. The filters segment is expected to gain traction over the forecast period due to its advantages, such as easy-to-use filters, energy efficiency, and provision of safety and flexibility. Furthermore, the dryers segment is expected to be the fastest-growing segment during the forecast period owing to the rise in demand for such devices.

Based on application, the global compressed air treatment equipment market has been classified as plant air/shop air, process air, and instrument air and breathing air. The process air application segment is expected to lead over the forecast period. This is due to the rising demand for compressed air treatment systems across a host of industries, such as pharmaceuticals and which requires a steady supply of clean & oil-free compressed air. The process air segment is anticipated to be the fastest-growing segment owing to the rising use of compressed air treatment equipment for the process air application.

Based on end-use, the F&B segment is expected to be the fastest-growing, and the pharmaceuticals segment held the major share of the market. The global compressed air treatment equipment market is classified as chemicals, F&B, pharmaceuticals, and others. The quality of compressed air in these sectors is of utmost importance as these industries require clean air without any contamination in their operation. Increasing adoption of compressed air treatment equipment by these end-use industries and the presence of regulatory constraints are primarily driving the market growth. On the other hand, the pharmaceuticals segment held the largest share in 2019 owing to the increasing number of pharmaceutical companies using air compressors.

Regional Analysis

On regional basis, the Americas is anticipated to dominate the global compressed air treatment equipment market, owing to the factors such as increasing number of manufacturing facilities, presence of many F&B and pharmaceutical companies, need for optimal energy efficiency, and new technological advancements in products being used in compressed air treatment equipment. Furthermore, regulatory standards such as the ANSI/ISA Instrument Air Standard by the Instrument Society of America equipment aid significantly in the market growth.

 On the other hand, Europe is expected to hold the second position in the global compressed air treatment equipment market due to the favorable regulatory scenario supporting the compressed air treatment procedure and the presence of major giants in the market involved in merger & acquisition, regional expansion, and new product innovation. For instance, in April 2018, Atlas Copco (Sweden) introduced Smart AIR Solutions. These are complete air or gas solutions designed to provide customers with the lowest life cycle costs for their equipment.

Asia-Pacific is anticipated to be the fastest-growing region due to increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes.

Furthermore, the development in the countries such as Saudi Arabia and the UAE in the Middle East & Africa compressed air treatment equipment market is attributed to the technological development in compressed air treatment equipment being used in several end-use verticals, increasing number of manufacturing facilities, and rising demand for purified air.

Key Players                                                                     

Some of the key players in the global compressed air treatment equipment market are Atlas Copco Corporation (Sweden), Airfilter Engineering (Malaysia), Alpha-Pure (US), Beko Technologies (India), BOGE Compressors (Germany), Chicago Pneumatic (India), Donaldson Company, Inc. (US), Gem Equipment’s Ltd (India), Industrial Air Power (IAP) (UK), Kaeser Compressors, Inc. (Germany), Pneumatech, Inc. (US), Pentair plc. (US), Precision Filtration Products (US), Seneca Companies, Inc. (US), Hitachi Ltd. (Japan), Sullivan-Palatek, Inc. (US), Van Air Systems (US), and Gardner Danver (US).

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.

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Veterinary POC Diagnostic Market Size, Share, Growth Insight, Competitive Analysis, Business Opportunities, Statistics, And Regional Forecast To 2027

 Veterinary POC Diagnostic 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.

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.

Veterinary POC Diagnostic Market 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.

Veterinary POC Diagnostic Market 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)

Table Of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Veterinary POC Diagnostic Market, By Product

1.1.2. Global Veterinary POC Diagnostic Market, By Technology

1.1.3. Global Veterinary POC Diagnostic Market, By Application

1.1.4. Global Veterinary POC Diagnostic Market, By Animal Type

1.1.5. Global Veterinary POC Diagnostic Market, By End User

1.1.6. Global Veterinary POC Diagnostic Market, By Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Growth In The Companion Animal Population

4.2.2. Increasing Prevalence Of Zoonotic Diseases

Continued...

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Neurology Devices Market Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2027

 Market Highlights

According to MRFR analysis, the Global Neurology Devices Market is expected to register a CAGR of 10.2% during the forecast period of 2020 to 2027 and reach USD 21,029.7 Million by 2027.

Neurology devices are used for the treatment of neurological disorders that comprise pathophysiological conditions that affect the brain, spinal cord, and nervous system.

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The market for neurology devices is expected to grow at boost due to a surge in the prevalence of the neurological disorder, a growing aging population, increasing adoption of technologically advanced devices, and growing demand for minimally invasive devices. However, high cost and stringent regulatory government regulations are some of the factors expected to hinder the growth of the market.

The global market is expected to witness a profitable growth owing to the rise in neurological disorders such as Parkinson’s, Alzheimer’s, epilepsy, depression, and essential tremors. As per the statistics of WHO in 2017, around 50 million people all over the world were affected by epilepsy. Additionally, Alzheimer's Research UK stated that over 50.8 million people worldwide were affected by dementia in 2017 and was expected to reach 55 million patients in 2020. Moreover, this number would double every 20 years, reaching 75 million by 2030 and 131.5 million by 2050. These huge prevalence of neurological disorders among the population and rising healthcare expenditure for neurological disorders are driving the growth of the neurology devices market.

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Segmentation

The global neurology devices market has been segmented based on the product, and end user.

Based on product the market is segmented into neurostimulation, Interventional neurology, CSF management, and Neurosurgery devices. Neurostimulation segment accounted for the major market share owing to the increasing prevalence of epilepsy, Parkinson's disease, tremor, dystonia, depression, obsessive-compulsive disorder, Tourette syndrome, chronic pain, and cluster headache. The segment is further bifurcated by spinal cord stimulation devices, deep brain stimulation devices, sacral nerve stimulation, vagus nerve stimulation, and gastric electric stimulation.

Interventional neurology segment is divided into aneurysm coiling & embolization (embolic coils, flow diversion devices, liquid embolic agents), cerebral balloon angioplasty & stenting (carotid artery stents, filter devices, balloon occlusion devices), neurothrombectomy (clot retriever, suction aspiration devices, snares). Moreover, CSF management is further distributed into the following sub-segments, CSF shunts, and CSF drainage. The neurosurgery devices segment is further sub-segmented into ultrasonic aspirators, stereotactic systems, neuroendoscopes, and aneurysm clips. The segment is expected to grow at the fastest CAGR during the forecast period owing to the increasing demand for non-invasive neurosurgery. 

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

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 increasing adoption of technological devices, favorable reimbursement scenarios, and the presence of major manufacturers among others. The neurology devices 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 neurology devices 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 neurology devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The neurology devices market in the Middle East & Africa has been divided into the Middle East and Africa.

 
Key Players

Some of the key players in the global neurology devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Integra LifeSciences Holdings Corporation, Johnson and Johnson, Medtronic Inc., St. Jude Medical, Inc., Stryker Corporation, W.L. Gore & Associates, Inc., and Esaote, among others

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:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com