Clinical Reference Laboratory Market Trends, Global Demand, Growth and Forecast

 Clinical Reference Laboratories Market Overview:

The global clinical reference laboratories market, as described in the report of Market Research Future (MRFR), is expected to rise by attaining 5.8% CAGR during the forecast period (2016-2027). Clinical reference laboratories play an integral part in providing patient care, but its role is equally important in medical researches and laboratory services such as diagnosis, treatment, monitoring, and others. In order to obtain a precise result in short time, clinical reference laboratories help by implementing strategies, exact data collection, and step-wise planning. 

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The value-based services are gaining much precedence in the recent time which is expected to boost the overall clinical reference laboratories market growth. Hospitals are often outsourcing such diagnosis results to expert companies outside to curb their cost. This could give rise to clinical reference laboratories market. In addition, the technology needed to support such establishments are progressing rapidly owing to which the market can easily expand. Introduction of automation has significantly taken sectors like microbiology and histopathology forward. Genetics and molecular biology are also gaining much from technological advancements. Automation has eased the process of obtaining results which is also a major driving factor for the market’s growth in the coming days.   

Clinical Reference Laboratories Market Regional Analysis:

Depending on the geographic region, MRFR includes, namely the Americas, Europe, Asia-Pacific, and Middle East & Africa to conduct a study on the clinical reference laboratory market. This is to analyze opportunities that would better the market prospect. 

Structural superiority and high investment capability have taken the clinical reference laboratory market of the America’s forward. Especially, due to the presence of the U.S. in the North American region is bolstering growth. The region has the well-structure infrastructure and several products in the pipeline to get the market soaring. Along with Canada, the U.S. is playing a significant role in ensuring the growth of the market. 

Europe ranks second in terms of fetching revenues. The regional market shares similar features like that of the Americas. In addition, the presence of countries like Germany, France, and the U.K. can change the market dynamics as their investment in the sector is considerable. But recent deals with the Brexit could weaken the market. The APAC region is expected to clock the fastest CAGR during the forecast period. The region would benefit much from investment in researches in countries like Japan, China, and India. 

Clinical Reference Laboratories Market Segmental Analysis:

The clinical reference laboratories market gets segmented by service providers and applications as a mode for better analysis. MRFR in their report on it is focusing primarily on the value-based and volume-based data review to get a comprehensive picture of the market. 

Based on service providers, the clinical reference laboratories market can be segmented into stand-alone, hospital-based and clinical-based. The stand-alone segment is expected to gain much from the investments waiting to be introduced in the sector.

Based on applications, the clinical reference laboratories market can be segmented into laboratory medicine, clinical trials, and others. The laboratory medicine segment is expected to grow with a substantial CAGR during the forecast period. Several products in the healthcare sector are also awaiting trials owing to which the clinical trials segment can grow in the coming years. 

Competitive Landscape:

Significant players to impact the global clinical reference laboratories market are ARUP Laboratories, KingMed Diagnostics, Laboratory Corporation of America, Sonic HealthCare Limited, Aurora Diagnostics, Bioreference Laboratories, Synlab International GmbH, Clinical Reference Laboratory, Unilabs, Quest Diagnostics, and others. These companies are making an effort in taking the market ahead by investing substantially in developing strategies. 

Notified Body (NB) and MedTech are planning a reformation in rules and regulations regarding medical devices and in vitro diagnostic regulations (MDR/IVDR). This would substantially push the demand for clinical reference laboratories market as the change in certificates would demand a necessary revamping of the existing standards in infrastructure. 

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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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Elastography Imaging Market Insights 2021: Business Opportunity, Future Scope & Rising Demand By 2027

 Market Analysis 

The global elastography imaging market is estimated to grow at an 11.1% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report. Elastography, simply put, is a medical imaging mode that maps the stiffness & elastic properties of soft tissue. Owing to its magnificent features, elastography imaging has wide applications in orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others.

Numerous factors are adding to the global elastography imaging market growth. Such factors, according to the recent MRFR report, include the growing demand for effective therapies for treating complicated disorders, changes in regulatory policies, increasing incidence of life-threatening diseases, and burgeoning demand for procedures that are minimally invasive to diagnose as well as treat various chronic diseases. 

On the contrary, the high price of systems may limit the global elastography imaging market growth over the forecast period. 

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global elastography imaging market based on end user, application, and modality. 

By modality, the elastography imaging market is segmented into magnetic resonance elastography (MRI) and ultrasound. Of these, the ultrasound segment will lead the market over the forecast period for the plentiful benefits that it offers. Meanwhile, magnetic resonance elastography will grow at the fastest pace for its increasing adoption rate and wider availability. 

By application, the elastography imaging market is segmented into orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others. Of these, radiology/general imaging will dominate the market over the forecast period for the rising prevalence of chronic diseases worldwide. Meanwhile, the cardiology segment will grow at the fastest pace over the forecast period for the increase in the patient population. 

By end user, the elastography imaging market is segmented into research laboratories, diagnostic centers, hospitals and ambulatory surgical centers, and others. Of these, hospitals and ambulatory surgical centers will have a major share in the market over the forecast period. Rising number of hospitals coupled with the increasing number of hospitalizations are adding market growth. Meanwhile, the diagnostic centers will grow at the fastest pace over the forecast period for inclination towards these centers and increased patient preference. 

Regional Analysis 

By region, the global elastography imaging market report covers the growth opportunities and recent trends across Europe, the Americas, the Middle East & Africa (MEA), and the Asia Pacific (APAC). Of these, the Americas will have the lions share in the market over the forecast period. Factors adding to the global elastography imaging market growth in the region include the increasing use of new technology, rising per capita healthcare expenditure, and increasing expenditure by healthcare bodies in research. Canada and the United States are the key contributors in the region for improving reimbursement scenario and a rise in insurance coverage. 

The global elastography imaging market in Europe is predicted to hold the second-largest share over the forecast period for the involvement of top companies, rise in chronic diseases, and the presence of an established healthcare system. 

The global elastography imaging market in the APAC region will have steady growth over the forecast period for the favorable initiatives undertaken by the government for healthcare reforms and the rising prevalence of chronic diseases. Meanwhile, a fall in capital investment may hinder the market growth. 

The global elastography imaging market in the MEA will have a small share during the forecast period for the region’s low disposable income and limited access to medical treatment facilities. 

Key Players

Leading players profiled in the global elastography imaging market report include General Electric Company, Supersonic Imagine, Samsung Electronics (Samsung Medison), Koninklijke Philips N.V., Mindray Medical International Ltd., Resoundant Inc., Hitachi Ltd., Esaote, Fujifilm Holdings Corporation, Siemens AG, and Canon Medical Systems Corporation. 

Industry News

November 2019: SimonMed Imaging is the first to provide advanced screening for fatty liver disease. The VIDA 3T MRI helps to detect fibrosis resulting from fatty liver disease or other chronic liver diseases. It uses MRE (magnetic resonance elastography) that combines sound waves with MRI to develop an elastogram (visual map) to show the stiffness of the body tissue, thus offering radiologists with color contrasted clear visual, maximizing accuracy, and limiting error.

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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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Global Veterinary Market, Unleashing the Forecast for 2019-2025

 Market Scenario

Market Research Future (MRFR) asserts that the Global Veterinary Vaccines Market is likely to expand at a CAGR of 5.65% during the forecast period (2018-2023). The surging incidences of livestock diseases are likely to favor the market growth. Vaccines help to make animals disease-immune for a specific disease. In terms of biology, vaccination against a certain pathogen mimics the development of naturally acquired immunity by the inoculation of non-pathogenic components of that certain pathogen. Veterinary vaccines are generally used to treat and prevent animal diseases. The market is likely to witness an upsurge owing to the rising spending on companion animals worldwide.

Market Potential and Pitfalls

The surging adoption of pet across the globe and the rising animal related diseases are the top factors encouraging the market growth during the appraisal period. The market players across the world are thus actively working in order to introduce more advanced animal vaccines in the market which is likely to influence its growth. For instance, Boehringer Ingelheim launched two swine vaccines in 2015 in the market against Porcine Reproductive and Respiratory Syndrome. Factors like rising prevalence of livestock diseases, growing adoption of companion animals, technological advancements in animal vaccines, and surging initiatives by the government are contributing to the growth of the market.

Animal vaccines enables controlling the transmission diseases, thereby providing protection to both the animal and human health, which is important considering the public dependency on animals. Animals serve as an important food source, milk, meat, protein, and other commercial products like wool and leather. Some of the most commonly used veterinary vaccines comprises foot & mouth diseases vaccines, rabies vaccines, and equine influenza virus vaccines, which help to prevent the transmission of infectious agents. With the continuous development of vaccines, the market is likely to flourishing. Moreover, the surging investment for R&D of vaccines, which impedes the growth of antibiotic-resistant organism, enhances the animal vaccines market growth. 

On the contrary, inadequate reporting systems and surveillance along with high cost of storage are the top two barriers likely to vitiate the market growth in the long run. Moreover, the dearth of animal health awareness coupled with the possibilities of adverse impacts of such vaccines on animals and human health are likely to hinder its growth during the appraisal period.

Global Animal Vaccines Market: Segmental Analysis

The global animal vaccines market has been segmented on the basis of technology, type, composition, and indications.

By mode of type, the global animal vaccines market has been segmented into poultry vaccines, static porcine vaccines, companion animal vaccines, livestock vaccines, aquaculture vaccines, and others. Among these, the companion animal vaccines are likely to gain to gain prominence in the coming years owing to the increased awareness regarding companion animal vaccination, rising number of pets, surging incidences of zoonotic diseases in human beings, and growing pet ownership.

By mode of technology, the global animal vaccines market has been segmented into inactivated vaccines, live attenuated vaccines, recombinant vaccines, toxoid vaccines, and others. Among these, the live attenuated vaccines are estimated to expand at a significant rate owing to the ease of administration along with the long-term immunity offered by these vaccines.

By mode of indications, the global animal vaccines market has been segmented into parvovirus, foot & mouth disease, reproductive & respiratory syndrome, distemper, and others.

By mode of composition, the global animal vaccines market has been segmented into mono vaccine and combination vaccine.

Regional Insights

Geographically, the animal vaccines market span across regions namely, Europe, America, Asia-Pacific and the Middle East & Africa.

Considering the global scenario, the American region is anticipated to dominate the global market due to the presence of prominent market players and increased pet adoption in developed nations like Canada and the U.S.  As per the American Society for the Prevention of Cruelty to Animals, around 6.5 million companion animals enter the animal shelter every year. North America is a prominent economy, generating the maximum revenue. The rising consumption of milk and meat, the increased awareness associated with the benefits of using animal vaccines, and high adoption of companion animals are influencing the market in this region.

 The European region is likely to occupy the second spot in the global market owing to the surging investments on research and development. For instance, Boehringer Ingelheim declared to reinforce its leading position in the veterinary market in 2018, with almost 70 million euro investment in the biological production and R&D activities.

The Asia Pacific region is estimated to expand at the fastest rate in the global market. The growth has been ascribed to the surging awareness regarding animal health which drives the regional markets. For instance, at the 5th Global Animal Health Conference in 2016, HealthforAnimals association called for greater cooperation among the national governments in order to improve the market access for veterinary medicines.

Industry Updates

April 17, 2018: VEROVACCiNES GmbH has been recently awarded with 3.1 million euro research funding from GO-Bio for a period of 3 year. The support is aims towards the development of yeast-based vaccines.

Competitive Dashboard

The prominent players operating in the global animal vaccines market comprises Biogenesis Bago, Bayer AG, China Animal Husbandry, Boehringer Ingelheim GmbH, Hester, Elanco Animal Health, Indian Immunologicals Limited, Idt Biologika, MSD Animal Health, Merck Animal Health, Tianjin Ringpu, Phibro Animal Health, Zoetis Inc., Vetoquinol, and others.

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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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3D Printing Medical Market Size, Industry Growth, Revenue Analysis, Developments, Emerging Trends, Future Plans and Regional Forecast to 2027

 As per Market Research Future (MRFR) analysis, the global 3D printing medical devices industry is projected to grow at a CAGR of 18% from 2018 to 2023 (forecast period).

3D printing plays a vital role in the development of medical and dental devices. 3D printing is the most commonly used medical device and, due to its versatility, can also be used for other items, including food, household items, and automotive parts. The 3D printing technology is used to treat various types of therapies, such as hip and jaw titanium replacements, limb prosthetics and plastic tracheal splints, etc. Due to advanced technology and easy use of devices, many doctors prefer 3D printing devices before surgeries of any organ part that may minimize error. A computer-aided design drawing or a magnetic resonance image is a 3D object created from a digital 3D image. The 3D object is formed by creating successive layers of material in which each layer is connected to the previous layer until the object is complete. Various types of materials are used to create a 3D image.

Market Dynamics

The global market for 3D printing medical devices is expected to expand due to growing government spending in the healthcare sector, rising technological developments in 3D printing, easy production of medical devices, and the growing use of 3D printing devices in the healthcare sector. 3D printing plays a crucial role in the medical and dental manufacturing market. This is a very cost-effective and preferred choice for medical device manufacturers for all kinds of medical devices such as prostheses, hearing aids, custom knee, and hip implants. The 3D printing medical devices are expected to show substantial growth during the forecast period due to various technological developments in this field. In addition, a variety of other factors, such as investment in R&D, rapidly growing consumer base, increasing the reach of biomedical applications, have driven market growth.

However, some aspects that may hinder future market growth are unfavorable reimbursement policies, high printer costs, biocompatibility issues for 3D printed medical devices, and limited technical knowledge in medical devices.

Segmentation

The global market for 3D printing medical devices has been segmented into types, components, technology, application, and end-users.

Based on types, the global market for 3D printing medical devices is classified into the segments of surgical guides, prosthetics & implants, surgical instruments, and tissue engineering products. The Surgical Guide is predicted to hold the largest share of the 3D printing market for medical devices in the forecast period. The 3D printing surgical guide is part of operation preparation and offers precise restoration of the implant. The demand for a surgical guide is therefore growing which is a significant factor driving the growth of this market segment.

Based on components, the global market for 3D printing medical devices is divided into materials software & services, 3D printer, and 3D bioprinter. Software & services are projected to register for the largest market share in 3D medical device printing in the forecast period. Growing development of software solutions for the production of high-quality 3D-printed medical products is a primary driver of the growth of the services and software segment.

On the basis of technology, the market for 3D printing medical device is segmented into 3D printing, droplet deposition, laser beam melting, photopolymerization, laminated object manufacturing (LOM), electron beam melting (EBM), polyjet technology and others. Photopolymerization is projected to maintain the largest market share in the 3D printing medical device. 

Depending on the application, the global 3D printing medical device market is segmented into external wearable devices, implants and tissue engineering, and clinical trial devices. The external wearable devices segment retains the largest share of the 3D printing medical devices market in the forecast period.

Depending on end-users, the global 3D printing medical device market is categorized into hospitals, medical and surgical centers, pharmaceutical and biotech firms, academic institutions, and contract research organizations. The segment of medical and surgical centers accounts for the largest share of the 3D printing medical devices market due to an increasingly growing patient population and reduced risk of surgery and infection.

Regional Analysis

The market has been segmented by area across the Americas, Europe, the Asia Pacific and the Middle East and Africa. The market for 3D printing medical device in the Americas has been further broken down into North America and South America, with the North American market split into the USA and Canada. The European market for 3D printing medical devices has been segmented into Western Europe and Eastern Europe. Western Europe has also been listed as Germany, France, the United Kingdom, Italy, Spain, and the rest of Western Europe. The market for 3D printing medical devices in the Asia Pacific has been segmented into China, Japan, India, Australia, South Korea, and the rest of the Asia Pacific. The market for biomaterials in the Middle East and Africa has been segmented into the Middle East and Africa.

North America dominates the market for global 3D printing medical devices over the forecast period. The largest share is due to a growing demand for organ transplantation across the region. Some of the aspects responsible for market growth in this region are attributed to increased government spending to develop advancements in 3D printing technologies and applications.

The second-largest 3D printing medical devices market is projected to be the European market. Market growth in this region can be ascribed to government funding and support for the healthcare sector, combined with increased research and development. In addition, an increasing number of surgeries due to changing lifestyles are leading to the growth of the market in the region.

The Asia Pacific is predicted to be the fastest-growing 3D printing medical device market in the forecast period due to the rising prevalence of chronic diseases, increasing investment in healthcare, growing geriatric population, and the proliferation of market players in the region.

The market in the Middle East and Africa is projected to register for the smallest share of the market for global 3D printing medical devices due to underdeveloped healthcare, lack of technological expertise and inadequate medical facilities.

Key Players 

Some of the prominent players in the market for 3D printing medical devices are SLM Solutions Group AG, 3D Systems Corporations, Stratasys Ltd., EnvisionTEC, Arcam AB, Organovo Holdings, Inc., Materialise NV, Oxford Performance Materials, Inc., Bio3D Technologies, Prodways Group, Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH, 3T RPD Ltd, Renishaw plc.

Breast Biopsy Market 2023 Industry Overview, Trends, Demand, Key Insights, End-Users, Top Companies, Development Status and Growth Forecast by 2027

 Global Breast Biopsy Market: By Product (Biopsy Needles, Biopsy Tables), Technique Type (Fine Needle Aspiration Biopsy, Core Needle Biopsy), Guidance Technology (Ultrasound-Guided, CT-Guided Biopsy), End-Users (Hospitals, Labs) –Global Forecast Till 2023

Increased cancer detection rates globally have contributed to a rise in biopsy procedures. Market reports connected with the healthcare industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is projected to develop at a favorable CAGR rate in the forecast period.

Market Research Future (MRFR) report on the global breast biopsy market is a comprehensive research that provides a detailed overview of the market. The report covers the COVID-19 analysis of the global breast biopsy market and provides a detailed summary of market segments, current trends, growth projections, and market challenges from 2018 to 2023 (forecast period) to identify potential business opportunities.

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A biopsy is a small operation performed to remove tissue from the area of concern within the body. Breast biopsy is a procedure that involves testing small samples of breast tissue to detect breast cancer. Breast biopsies are performed using minimal invasive biopsy systems due to minimal disfigurement and pain. There are various types of biopsy procedures depending on the technique, such as fine needle aspiration biopsy (FNAB), core needle biopsy (CNB), and vacuum-assisted biopsy (VAB) prescribed by the doctor based on the size, location, and other characteristics of the breast abnormality.

 

Breast Biopsy Market Dynamics

Increased breast cancer prevalence, particularly among women over 35 years of age during menopause (more vulnerable to breast cancer) and increased awareness of breast cancer screening programs, is driving the market growth. Nonetheless, unspecific regulatory concerns, infection risks associated with breast biopsy procedures, and unclear reimbursement policies are factors that hinder market development. In addition, market limitations include the high cost of surgical procedures and the complications involved. Conversely, the advent of technologically advanced and minimally invasive breast biopsy devices is expected to create lucrative opportunities in the untapped market.

 

Breast Biopsy Market Segmentation

The global market for breast biopsy has been segmented based on product, technique type, guidance technology, and end-user.

Based on the product, the global market for breast biopsy has been classified as biopsy wires, biopsy needles, biopsy tables, guidance systems, and others.

Based on technique type, the global market for breast biopsy has been classified into fine needle aspiration biopsy, core needle biopsy, biopsy markers, surgical biopsy, MRI-guided core needle biopsy, sentinel node biopsy, and wire localization. Further, core needle biopsy is divided into needle biopsy, stereotactic core, ultrasound-guided core biopsy, freehand core-needle biopsy, and vacuum-assisted biopsy. Surgical biopsy is divided into incisional biopsy and excisional biopsy.

Based on guidance technology, the global market for breast biopsy has been classified into CT-guided biopsy, ultrasound-guided, mammography-guided magnetic resonance, and other image-guided breast biopsy (PET and thermography).

Based on end-user, the global market for breast biopsy has been divided into hospitals, ambulatory surgical centers, diagnostic centers, and others.

 

Breast Biopsy Market Regional Analysis

Regionally, the global market for breast biopsy has been segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. 

North America is projected to have the highest market share owing to the early adoption of advanced medical technologies and the continued growth of companies operating in cancer diagnostics. The global market for breast biopsy is primarily based on North America and Europe, which account for more than 50 % of the market share.

The European market is projected to have the second-highest market share, as breast cancer is the most prevalent in the United Kingdom and Belgium. As per Cancer Research UK, 55122 new cases of invasive breast cancer were diagnosed in 2015.

The Asia Pacific region is also expected to rise in the near future due to access to appropriate treatment facilities, growing demand for advanced technologies, higher acceptance rates, growing government initiatives, and increasing healthcare expenditure.

The global breast biopsy market in the Middle East and Africa is projected to account for the lowest share of the global breast biopsy market due to underdeveloped healthcare, lack of technical knowledge, and inadequate medical facilities.

 

Breast Biopsy Market Key Players

Some of the major players identified by MRFR in the global breast biopsy market are Leica Biosystems, NuVue Therapeutics, Argon Medical Devices, Inc., C.R. Bard Inc., Becton, Dickinson and Company, Devicor Medical Products Inc. Hologic Inc. Argon Medical Devices, Encapsule Medical Devices LLC., Cook Medical Incorporated, Johnson & Johnson, Galini SRL, Intact Medical Corporation, Hologic Inc., Conceptus INC, Karl Storz GmbH & Co. Kg, GE Healthcare.

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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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Microspheres Market highly promising expected to witness a notable CAGR of 11.9%By 2022

Microspheres are characteristically free flowing powders having a particle size less than 200 µm. The microspheres used are usually polymers that are classified into two material type the first one is the natural polymers and the other one is the synthetic polymers. These microspheres are used in various industries such as pharmaceutical industry, construction industry, cosmetics industry, oil & gas industry and automotive industry.

3M (Unites States), Potters Industries LLC (United States), AkzoNobel N.V. (Netherlands), Momentive Performance Materials Inc. (United States), Chase Corporation (United States), Matsumoto Yushi Seiyaku Company (Japan), Sigmund Lindner GmbH (Germany), Mo-Sci Corporation (United States), Trelleborg AB (Sweden), Luminex Corporation (United States) and others are some of the prominent players at the forefront of competition in the global Microspheres market and are profiled in MRFR Analysis.  

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Global Microspheres Market – Overview

Microspheres are characteristically free flowing powders having a particle size less than 200 µm. The microspheres used are usually polymers that are classified into two material type the first one is the natural polymers and the other one is the synthetic polymers. These microspheres are used in various industries such as pharmaceutical industry, construction industry, cosmetics industry, oil & gas industry and automotive industry. 

The global Microspheres market is growing with the prompt pace. The market is forecast to establish a significant growth by 2022, beyond its previous growth records in terms of value with a striking CAGR of 11.9% during the anticipated period (2017 – 2022). The global microspheres market is growing at a rapid pace. The growth of the market is majorly upsurged by various applications and advancements of microspheres in a controlled delivery system. The various application such as carriers for drugs, absorption, and desorption of substances, pulmonary drug delivery, and tissue regeneration are influencing the growth of microspheres in the field of pharmaceutical industry. Furthermore, development in new drugs, government funding in research and development of microspheres and various others applications of microspheres in the field of construction industry, cosmetics industry, oil & gas industry and automotive industry are further enhancing the market for microspheres. As there is a wide range of factors that are driving the growth of the market, there are few barriers as well that hamper the market for microspheres. One of the factors that hamper the growth of the market are fluctuating price of raw materials, huge investment in R&D and the limitation of microspheres such as, the release rate of dose may vary from one dose to another.

Global Microspheres market - Competitive Analysis 

The market for microspheres is characterized by the presence of several well-established and small players, the global market for microspheres appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. To attract the customers the companies have launched the products of different materials and in different sizes. Some companies have adopted the strategy of acquisition and collaboration to expand their market and minimize the competition. Innovation is the best way to gain the market, thus, a number of companies are involved in the development of new and better products. 

For instance, in January 2017, Telko has established a new partnership with Potters to supply performance solid and hollow microspheres for a variety of applications. This partnership can help both Potters and Sovitec to deal a more widespread, cost-effective and high-quality portfolio of products and services to the customers worldwide. 

Global Microspheres market   - Regional Analysis

Globally, North America holds the largest share of more than 44% of global microspheres market and is expected to be the leading market during 2016-2022. This large share is majorly attributed due to growing technology advancement in the field of medical science in the region, rapidly growing pharmaceutical industry, increasing need for the new formulations for the development of new drugs, some of the key factors driving the growth of this market.

Globally Europe holds the second largest share of about 31% of the global microspheres market.  The European market is expected to reach USD 2.44 billion by the end of the forecasted period from 2016 to 2022. Asia-Pacific region is anticipated to observe the highest growth rate in the near future due to growing healthcare and life-sciences industry, increased adoption of microspheres in developing countries, are the key drivers that are influencing the market to grow at a rapid pace in this region. Furthermore, major players are grabbing the opportunity by expanding their operating sites in the region and thus increasing the growth of this market for the forecasted period from 2016 to 2022.

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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 products, services, technologies, applications, end users, and market players for Asia Pacific, 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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Augmented Reality in Healthcare Market Growth And Restrain Factors Analysis By 2027

The healthcare industry is currently disrupted by various novel technologies, and augmented reality can be counted in among the most path-breaking technologies in the current era. Even though the technology has been existing for a long time, it is only recently that the technology is on its path to achieving commercialization. Augmented reality in healthcare can bring about various changes for the industry, which includes improved healthcare outcomes. Market Research Future (MRFR) has added a new report on the global augmented reality in healthcare market to its portfolio. In the report, MRFR has asserted that the market is anticipated to expand at a CAGR of 23%, reaching USD 1.32 Bn by the end of the forecast period of 2017-2023. 

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Augmented reality offers the promise of accelerating the learning curve for new medical technologies. The technology can augment and overlay the real clinical environment, which assists

critical surgeries. The intensifying need to reduce the burden of the surging incidence rate of chronic diseases on the healthcare industry is primarily driving the growth of the market. The growi

ng penetration of connected devices is a crucial factor motivating the growth of the market. 

On the other hand, even though augmented reality is contributing to the healthcare industry, it is accompanied by certain challenges. Unwillingness on the part of clinicians to adopt the technology, as well as the failure to learn the nuances of the technology can hamper the growth of the market. 

Segmentation

The augmented reality in healthcare market has been segmented based on component, device type, and application. 

Major components discussed in the market report include hardware, software, and others. The hardware segment has been further segmented into sensors, displays and projectors, position tracker, cameras, and others. 

By device type, the augmented reality in healthcare market has been segmented into head-mounted display, handheld device, and others. 

Application-wise, the augmented reality in healthcare market has been segmented into fitness management, medical training and education, and others.

Regional Analysis

Region-wise, the augmented reality in healthcare market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America is the leading market for augmented reality in healthcare. The region is technologically-rich and boasts of a robust healthcare sector. State-of-the-art healthcare infrastructure allows the integration of advanced technologies easily, which is a key growth determinant. Besides, the region is an early adopter of latest technologies which has provided the augmented reality in healthcare market ample scope to expand. The high adoption rate of consumer electronics devices has boosted the growth of the market to a large extent. Moreover, a number of key market players are based in the region, which provides unprecedented leverage to the market. 

Europe augmented reality in healthcare market is expected to exhibit considerable growth in the coming years. Government support towards the healthcare sector and increasing adoption of technology in the region is favoring the growth of the market. 

The APAC market is slated to register the highest CAGR over the forecast period. The region is in the midst of economic growth and development, which is aiding the growth of the market. The rapid adoption of advanced technologically and the modernization of the healthcare supported by the governments in the region is augmenting the growth of the market.

Competitive Landscape

Wikitude GmbH (Austria), Magic Leap, Inc. (U.S.), Augmedix (U.S.), Virtually Better (U.S.), Atheer (U.S.),

Blippar (U.K), CAE Healthcare (U.S.), Mindmaze (Switzerland), DAQRI (U.S.), Siemens Healthineers (Germany), Oculus VR (U.S.), Osterhout Design Group (U.S.), Medical Realities (U.K), 3D Systems (U.S.),

VirtaMed (Switzerland), Microsoft Corporation (U.S.), HTC (Taiwan), Philips Healthcare (Netherlands & U.S.), and Google LLC. (U.S.) are the notable players in the global augmented reality in healthcare market. 

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