Diabetic Retinopathy Market Trends, Global Demand to Forecast

 Diabetic Retinopathy Market Driven by Growing Prevalence of Diabetes 

Growing Prevalence of Diabetes to Drive Diabetic Retinopathy Market 

The global diabetic retinopathy market is expected to exhibit a strong 11.9% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global diabetic retinopathy market was valued at USD 1.3 trillion in 2018.

Diabetic retinopathy is diabetes-associated damage caused to the eyes. Diabetes can have an adverse impact on eye health, as high sugar volume in the blood can result in damage to the blood vessels, especially weaker and thinner blood vessels. As the blood vessels in the eyes are usually thin and thus weak, diabetes can heavily affect these blood vessels and cause them to be blocked or ruptured. This causes a variety of conditions known by the umbrella term of diabetic retinopathy. This can also result in the growth of new, abnormal blood vessels on the retina, leading to further complications. The symptoms of diabetic retinopathy include vision loss, impaired color vision, blurred vision, floaters, or dark or empty areas in the vision. Complications associated with diabetic retinopathy include blindness, glaucoma, retinal detachment, and vitreous hemorrhage. The high severity of these complications has resulted in diabetic retinopathy being taken seriously by patients suffering from or at risk of contracting diabetes. 

The growing prevalence of diabetes is likely to be a major driver for the global diabetic retinopathy market over the forecast period. Due to the increasing prevalence of a sedentary lifestyle and the increasing consumption of fast food and junk food, the prevalence of diabetes has grown rapidly in the last few decades. Developing regions such as Asia Pacific have become a major center for the growth in prevalence of diabetes, with increasing numbers of patients being found in APAC nations such as China, Thailand, and India. This is likely to remain a major driver for the global diabetic retinopathy market over the forecast period. The increasing geriatric population around the world is also likely to be a major driver for the global diabetic retinopathy market over the forecast period, as geriatrics suffer from weak musculature, including the muscles and tissues around the eyes. 

Competitive Leaderboard:

Leading players in the global diabetic retinopathy market include Abbott Laboratories, Allergan plc, Aurolab, Ampio Pharmaceuticals Inc., Alimera Sciences, Regeneron Pharmaceuticals Inc., and F. Hoffman-La Roche AG. Strategic acquisitions and collaborations are likely to remain promising avenues for players in the global diabetic retinopathy market over the forecast period. Product launches and capacity expansion are also major avenues for players in the global diabetic retinopathy market. 

Segmentation:

The global diabetic retinopathy market is segmented on the basis of type, treatment, end user, and region. 

By type, the global diabetic retinopathy market is segmented into non-proliferative and proliferative. Non-proliferative diabetic retinopathy holds a dominant share in the global diabetic retinopathy market and is likely to remain in the lead over the forecast period. Proliferative diabetic retinopathy is usually the terminal version of diabetic retinopathy. 

By treatment, the global diabetic retinopathy market is segmented into anti-VEGF drugs, laser photocoagulation, vitroretinal surgery, Anti-VEGF drugs are likely to remain one of the dominant segments of the global diabetic retinopathy market over the forecast period. Vitreoretinal surgery is also likely to increase in demand over the forecast period. 

By end user, the global diabetic retinopathy market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment holds the dominant share in the global diabetic retinopathy market. 

Regional Analysis:

The Americas hold the dominant share in the global diabetic retinopathy market and are likely to remain the leading segment over the forecast period. The growing prevalence of diabetes in North America is the major driver for the Americas market for diabetic retinopathy. Increasing awareness about diabetic retinopathy in the region is also another major driver for the global diabetic retinopathy market. 

Europe holds the second largest share in the global diabetic retinopathy market, followed by Asia Pacific. Asia Pacific is likely to exhibit the fastest growth over the forecast period. 

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Venous Blood Collection Devices Market Analysis, COVID-19 Pandemic Impact, Growth, Opportunity Assessment and Trends by Forecast 2027

 Venous blood collection devices are used to collect sample from patients. Venous blood collection devices include needles, holders, collection tubes, and other devices. As per an in-depth research study published by Market Research Future (MRFR), the global venous blood collection devices market is estimated to post a CAGR of 9.3% over the forecast period of 2017-2023. 

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Substantial improvements made by medical device manufacturers towards safer blood collection. Advances in safety features and greater emphasis on the prevention of injury and reduction of bloodborne pathogen exposure fuel the growth of the global venous blood collection devices market. Moreover, medical device manufacturers are endeavoring towards product improvement and are diversifying their product portfolios as a growth strategy which also acts as a plus for the growth of the market. Crucial advancements include the introduction of plastic tubes, protective sliding needle shields, automatically retracting lancets, and winged-needle blood collection sets. 

Chronic diseases are spreading at a brisk pace which has exerted massive burden on the healthcare sector. Screening for diseases induces high demand for diagnostic services which, in turn, triggers growth within the global venous blood collection devices market. Other factors which can accelerate the market growth include surging health & wellness awareness among the global populace, the rise in disposable income, and high healthcare expenditure. 

On the flip side, venous blood collection devices are associated with the risk of needlestick injuries, contamination risks which can restrict the market growth. Additionally, pricing pressure on medical device manufacturers and substandard products from local medical device manufacturers can also undermine the growth of the market. 

 

Venous Blood Collection Devices Market Segmentation

The global venous blood collection devices market has been segmented based on type, material, application, and end user.

By type, the global venous blood collection devices market has been segmented into blood collection tubes, needles, microfluidic system, vacuum blood collection system, micro-container tubes, micro-hematocrit tubes, warming devices, and others. Other venous blood collection devices include venous cannula and blood bags. The blood collection tube segment has been further segmented into plasma separation tube, heparin tube, serum separating tube, EDTA tube, and others.

By material, the global blood collection devices market has been segmented into plastic, glass, stainless steel, ceramic, and others.

By application, the global venous blood collection devices market has been segmented into vein blood gas sampling and intraoperative blood salvage. The vein blood gas sampling segment has been further segmented into diagnosis of disease and acid-base status monitoring.

By end user, the global venous blood collection devices market has been segmented into hospitals and clinics, blood donation centers, the point of care, diagnostic centers, and others.

Venous Blood Collection Devices Market Regional Analysis

By region, the global venous blood collection devices market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). 

The Americas is spearheading the global venous blood collection devices market. Rapid adoption of new surgical techniques and instruments within the healthcare sector in the region are substantiating the growth of the market. High demand for screening services coupled with high healthcare expenditure is driving the market growth. Moreover, greater awareness among consumers and favorable reimbursement landscape support the growth of the market. 

Europe ranks second in the global venous blood collection devices market. High-income population and deep healthcare penetration in the region are favoring the growth of the market in Europe.

The expanding healthcare sector in the developing countries such as China and India generate high demand for venous blood collection devices in APAC. The rise in the geriatric population, the prevalence of chronic diseases which require screening services and increased demand for advanced blood sampling techniques are propelling the growth of the APAC venous blood collection devices market.

The MEA market is estimated to expand at a steady pace over the forecast period. Accelerated development of the healthcare sector and awareness programs launched by the government towards safe blood transfusion procedures are triggering growth within the MEA market. 

Competitive Landscape

The key players in the global venous blood collection devices market include SanLI (Myanmar.), KHB (U.S.), Allegro Medical Supplies Inc. (Scrip Products Corporation) (U.S.), Bio-Rad Laboratories, Inc. (U.S), Kabe Labortechnik GmbH (Germany), NIPRO Medical Corporation (Japan), Qiagen NV (Netherlands), Sarstedt AG & Co (U.S.), Fisher Scientific (Thermo Fisher Scientific Inc.) (U.S.), Greiner Bio One International GmbH (Greiner Group) (Austria), Becton, Dickinson and Company (U.S), Terumo Medical Corporation (Japan), Medtronic Plc (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Radiometer Medical ApS (Danaher Corporation/ Danrad ApS) (Denmark), Improve Medical Technology Co. Ltd. (U.S.), Sekisui Chemical Co., Ltd. (Japan), Hongyu Medical (China), Narang Medical (India), Vital Diagnostice (ELITech Group) (U.S.), Zhejiang Gongdong Medical Technology Co., Ltd. (China), CDRICH (China), Biosigma (U.S.), Soya Green Tec Co., Ltd. (South Korea), and F.L. Medical (Italy). 

Industry Updates

March 2019- Becton Dickinson & Co., a medical technology company, announced that the US FDA had granted pre-market approval for its new Venovo stent. The new device is ideally suited for the treatment of iliofemoral occlusive disease and specially designed to address the challenges associated with venous lesions. 

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

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Breast Imaging Market 2021 | Latest Innovations, COVID-19 Impact Analysis, Revenue, Price and Gross Margin Study with Forecast to 2027

Market Synopsis

Breast imaging is a diagnostic procedure used in discerning the presence of malignant tumors near the breast in men and women. Some of the procedures include magnetic resonance imaging (MRI), computed tomography (CT), mammography, and others. The global breast imaging market report by Market Research Future (MRFR) contains historical trends and current drivers with an enumerated list of trends, opportunities, and challenges for making it easier for readers to digest the information.

The global breast imaging market is considered to demonstrate 8.5% CAGR during the forecast period (2017-2023) owing to increasing prevalence of breast cancer, asserts Market Research Future (MRFR). Breast imaging is referred to a diagnostic procedure which evaluates the presence of breast tumor in women. Breast biopsy ultrasound, mammography, PET, CT, MRI, tactile imaging, and others are some of the common breast imaging procedures. Among these, mammography is the most widely used screening tool and diagnosis for breast cancer and helps to detect breast cancer at an early stage. According to the World Health Organization, breast cancer has been reported as the second most common cancer among the women population.

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Drivers and Constraints Impacting the Market

With the rising prevalence of breast cancer, the global breast imaging market is anticipated to flourish during the assessment period. More than 200,000 new cases of cancer are diagnosed every year across the globe. The increasing expenditure on healthcare by the developed countries coupled with the technological developments in the field of oncology across the world has further contributed to the market growth. Moreover, the emergence of new imaging technologies for screening and diagnosis of several chronic diseases have influenced the market growth to a great extent. Several companies conduct corporate social responsibility activities to help women educate regarding breast health and its preventive measures. For instance, companies like GE Healthcare have recently launched a commercial regarding the awareness of breast density and its effect on screening techniques. With the increasing awareness, the demand for breast imaging is predicted to expand in during the appraisal period.

On the flip side, the high cost of breast imaging solutions coupled with the unawareness about breast imaging among the women population are predicted to dampen the market growth during the estimated period. Moreover, most of the women are reluctant to undergo breast imaging owing to a number of misconceptions about the disease. This is considered to restrict the market growth in the coming years.

Global Breast Imaging Market: Segmental Analysis

The global breast imaging market has been segmented on the basis of type, application, deployment, end-user, and region.

By mode of type, the global breast imaging market has been segmented into CT, mammography, MRI, PET, breast biopsy, ultrasound, tactile imaging, and others. Among these, the mammography segment has been further sub-segmented into full-field digital mammography (FFDM), film-screen mammography, scintimammography or molecular breast imaging, 3D mammography, and others. The breast biopsy segment has been sub-segmented into tactic core biopsy, image-guided breast biopsy, ultrasound-guided core biopsy, and others.

By mode of application, the global breast imaging market has been segmented into post-neoadjuvant chemotherapy, breast cancer diagnosis, metastatic axillary adenocarcinoma, and others.

By mode of end-user, the global breast imaging market has been segmented into diagnostic centers, hospitals, and others.

Regional Insights

Geographically, the breast imaging market span across regions namely, America, Asia Pacific, Europe, and the Middle East & Africa.

Among all the regions, America is considered to be the largest market for breast imaging. The growth is attributed to the growing prevalence for breast cancer, innovative imaging solutions for breast imaging, and development of new imaging devices by the major market players. The market in the North American region is driven by the extensive use of imaging modalities like CT, mammography, and MRI for screening of breast cancer. The U.S. is considered to hold the largest market share owing to the presence of major players coupled with emphasis on women healthcare.

The European market is presumed to exhibit a significant growth owing to an increased expenditure on research and development activities by the major countries like U.K. The market in Germany is expanding at a substantial rate owing to an extensive use of available imaging technologies for breast imaging coupled with the exponential growth of medical devices industry. Moreover, the urge of developing new imaging devices for early cancer screening is also considered to contribute to the market growth in this region.

The Asia Pacific region showcases numerous growth opportunities owing to the presence of some of the largest contributors such as China, Japan, and India. With rising awareness about breast cancer along with the use of medical devices for cancer screening, the breast imaging market is likely to accelerate in this region. Moreover, the rapid growth of healthcare imaging industry in China and India and rising government support for improvement in the diagnostic services and healthcare infrastructure contributes to the market growth.

Industry Updates

December 04, 2018: The Ultrasound Breast Imaging Center has opened in Walnut Creek. This ultrasound 3D breast imaging involves no compression, no radiation, and no injections.

Competitive Dashboard

The prominent players operating the global breast imaging market are Sonocine Inc. (U.S.), Fujifilm Holdings Corporation (Japan), General Electric Company (U.K.), Hologic Inc. (U.S.), Dilon Technologies Inc. (U.S.), Gamma Medica Inc. (U.S.), Toshiba Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Siemens (Germany), Aurora Imaging Technology Inc. (U.S.), and others.

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

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Dermal fillers Market 2021 | Trends, Share, Size, Growth Insight, Leading Players, Competitive Analysis, Emerging Technologies, Regional Demand and Forecast

Dermal Fillers Market Overview

Market Research Future (MRFR) studied the global dermal fillers market 2020 through the review period from 2016 to 2025. By 2025, the dermal fillers market is expected to thrive at 13.2% CAGR. The global dermal fillers market value is expected to rise exponentially due to growing preference for non-invasive aesthetic surgeries among people. The expansion of the global dermal fillers market can be attributed to increasing trend of anti-ageing treatmentsand face-lifting dermatology procedures.  The growing awareness about several skin care solutions available in the market and extensive demand for diagnostic and treatment solutions for skin disorders can also influence the expansion of the dermal filler market in the near future. 

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The increase in awareness about harmful impact of fillers post-surgery can pose threat to the market rise in the years ahead. In addition, high expense of aesthetic surgeries can hamper the derma fillers market growth, along with the presence of several unregistered practitioners.  However, increase in success rate of surgeries can counter the market slow-down in the approaching years.

Dermal Fillers Market Segmentation Study 

The segment analysis of the global derma fillers market is studied by type, brand, and application. Segment insights of the derma filler market offers comprehensive analysis to investors that aid them explore untapped market potential. 

The type-based segments of the global dermal fillers market are collagen, hyaluronic acid, calcium hydroxylapatite, and polymers & particles. The hyaluronic acid segment is expected to rise at the highest CAGR in the study period as the demand for anti-ageing solutions is high. The segment is expected to acquire considerable market value of USD 1,154.96 Mn in 2018. Innovations and new launches of hyaluronic acid products can benefit the market in the review tenure. The calcium hydroxylapatite can generate considerable financial gains for the global market during the analysis tenure. 

The application-based segments of the dermal fillers market are lip treatment,dermal fillers, and facial line correction treatment. The lip treatment segment can acquire substantial market value by 2025. The upscaling demand for different types of aesthetic-boosting beauty solutions and rise in consciousness about beauty in women are expected to fuel the application segments expansion in the review period. The lip treatment segment is likely to rise at high pace as lip surgeries are becoming popularity among people. Moreover, lip surgeries are sought-after treatment among celebrities. The facial line correction segment can have considerable financial gain for the market in the near future. 

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Dermal Fillers Market Regional Analysis

In North America, the surge in number of people undergoing cosmetic surgeries is expected to favor the regional derma fillers market. Alterations in lifestyle is likely to accelerate the market surge in the near future. The introduction of effective cosmetic solutions and development in dermal fillers technologies can favor the regional market. The adoption of effective product differentiation strategies for sustainable development can also strengthen the regional presence of the derma filler market in North America. The US is likely to lead North America market in the near future. 

In Europe, the rise in number of facial injectable surgeries among both women and men can boost the market growth in the near future. In Asia Pacific, the availability of highly skilled healthcare professional, such as; surgeons and dermatologist, can increase the demand for dermal fillers and other dermatology appliances and devices. The high sales of dermal fillers solution in APAC can benefit the regional market in the years to come.

MEA derma filler market is likely to exhibit the slowest growth pace due to limited access to cosmetic facilities that are available in the market. However, investors exploring untapped market opportunities in the region and funding new products launches can promote the derma fillers market in Middle East Asia. In the Africa region, the market growth curve can show lag due to beauty norms in underdeveloped nations. On the contrary, regions, such as; Saudi Arabia, and Kuwait are predicted to contribute significantly to fostering the regional market growth

List of Key Players Covered in the Report

• Galderma Laboratories, LP (Switzerland)
• Allergan (Ireland)
• Merz Pharma (Germany)
• Dr. Korman Laboratories (Israel)
• Sinclair Pharma (UK)
• Teoxane Laboratories (Switzerland)
• Suneva Medical (US)
• SciVision Biotech Inc. (Taiwan)
• Medytox (South Korea)

 

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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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Biosimilars Market 2021 | Trends, Share, Size, Growth Insight, Leading Players, Competitive Analysis, Emerging Technologies, Regional Demand and Forecast

 Biosimilars Market – Overview

As biosimilars show a similar effect as compared to generic medicines, they are growing their popularity at an increased pace. Market concentrated reports associated with the healthcare industry amid others recently have been made available by Market Research Future which issues reports on this industry.Biosimilars Market Size is expected to register a CAGR of 7.5% during the forecast period of 2019 to 2025, with a market value of USD 13,460 Million in 2018.

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As the processes used to make generic medicines can’t be used to develop biosimilar medicines, the market for biosimilars is expanding positively. Increase in the analytical studies has prompted the increased growth of the biosimilars market in the forecast period. Sizeable investments in multiple state-of-the-art facilities that are developing biosimilars has prompted significant growth in the market. The market is motivated majorly due to the different diseases that are being diagnosed in recent times. Increased level of clinical trials have influenced the development of the market considerably. The focus of this segment is currently on ensuring the release of biosimilar drugs into the market to treat a wider spectrum of diseases.

Biosimilars Market- Global Competitive Analysis

The competitors in the market are trying to get ahead commercially by making sure that demand and supply are in balance. The momentum of the market’s progress has changed the competitive backdrop of the market. The competitors in the market are persistently trying to establish leading market positions through new policies and strategies. The experienced management in the companies operating in the market are creating business models which can bring about a fruitful phase of development. The key trends and players have established a positive tone for development. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market. The market development by competitors also encompasses strong risk management strategies.

Sandoz International GmbH (Germany), Celltrion, Inc. (South Korea), F. Hoffmann-La Roche Ltd. (Switzerland), Biocon Ltd. (India), Astra Zeneca (UK),  Amgen Inc. (U.S.), Pfizer Inc. (U.S.), Novartis (Switzerland), Accord Healthcare (UK), Eli Lilly (US), Teva Pharmaceuticals Industries Ltd. (Israel), Dr. Reddy’s Laboratories Ltd. (India) and Samsung Bioepis (South Korea).

 Industry Segments 

The market for biosimilars globally is segmented on the basis of product into recombinant non-glycosylated proteins, recombinant glycosylated proteins, and other.  The Recombinant glycosylated proteins are additionally sub segmented into monoclonal antibody (mAb) and EPO. Recombinant non-glycosylated proteins is sub segmented into growth hormones, insulin and other.  On the basis of application, the market is segmented into immune diseases, blood related disorders, oncology and other. On the basis of manufacturing, the market is segmented into in-house manufacturing and contract manufacturing.

Biosimilars Market- Detailed Regional Analysis

The regional analysis of the market for biosimilars includes APAC, North America, Europe, Middle East and Africa. The European region has been guiding the market for the biosimilars. Rising geriatric population and growing prevalence of diseases have led to the growth of this market in the European region. North America has the second top market followed by the Asia Pacific region. The Asia Pacific biosimilars market is anticipated to grow at a CAGR of 27.8 percent in the forecast period.

Industry Updates:

June 2018 Mylan NV has recently achieved a major milestone recently by winning an approval from the U.S. Food and Drug Administration aimed at a biosimilar version of Neulasta which is an anti-infective used for patients suffering from breast cancer treatment. The pharmaceutical giant plans to launch the product, Fulphila, in the coming weeks. The McClintic Coates said that a big part of the FDA’s approval of Mylan’s biosimilar cancer therapy, Fulphila, is attributed to the drugmaker’s Morgantown-based research and development capabilities. Fulphila would signify the first alternative and more reasonable treatment option to Neulasta for oncology patients.

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Microspheres market Trends, Global Demand, Analysis to Forecast till 2027

 Market Overview

As the name suggests, microsphere is a small particle used for various operations like carrying drugs and preparing low-thickness boring liquids. They are also used for testing the medical equipment, which has added to the tally of this market. As technology advances, the demands for next-generation techniques are also increasing, which has made it a valuable part of the drug delivery system. The rising demands for better drugs and healthcare procedures are propelling the market to new highs. The rapid expansion of automotive and construction industries are also contributing to this market, as microspheres are capable of enhancing the paints and coats qualities, which is one of the primary factors for the seamless growth in this market.

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The global authorities are serious towards developing medical facilities with modern treatment procedures and maximum efficiency, which has increased the investments in this sector and has gradually been a positive factor for this market. Apart from the features and uses mentioned above, the global microspheres market faces challenges against the overall high costs due to unstable and expensive microspheres production costs, slowing the market’s growth.

This report comprises details about competitive landscapes, changes, drivers & restraints, and other prime aspects of local and global market analysis for a better understanding of market trends. The global Apheresis market is anticipated to show around an 11 % annual growth rate during the survey.

Market Breakdown

The global microspheres market is segmented into several categories mentioned below:

Based on types, the microspheres are segmented into solid and hollow forms.

The global microspheres market is characterized by metallic, ceramic, glass polymer, and other materials types used for manufacturing.

The global microspheres market is divided among healthcare, automotive, constructions & building, oil & gas, and other major industries based on end-users.

Regional Classification

Microspheres are getting a healthy response from around the world, and with the growing awareness and increasing applications, this is getting stronger with time. North America, The Asia Pacific, Europe, and the rest of the world are the major regions observed for the global Microspheres market. In the current era, the North American region is leading the market due to the expansion of the automotive industry, demands for the latest technologies, the presence of key market players, increasing research & development activities, rapidly developing industrial structures, and other factors. On the other hand, the Asia Pacific region will register the fastest annual growth during this period due to rising disposable incomes, expanding industrial structures, improving health care facilities, rising government initiatives, and other factors.

Industry News

Microsphere has some very important features, which make it useful for many industries, and the companies are investing in research & development programs to find new aspects of this technology. The advancement in the pharmaceutical industry and rising healthcare standards are among the top contributors to this market. The rapidly developing regions like India and China are the major stakeholders in growth and will provide the market players with maximum opportunities during the survey period.

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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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Hormonal Implants Market 2021, Opportunities, Business Analysis, Top Companies, Size, Share and New Trends Forecast

 Market Highlights

The Global Hormonal Implants Market is estimated to have a positive growth at the CAGR of ~5.0% during the forecast period of 2019–2025.

A study observed that no pregnancy was observed in a group of certain women using hormonal implants for five years. Safety from unwanted pregnancies and suitable government programmers are the major factors driving the market growth.

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However, cases of side-effects related to hormonal contraceptives, pricing variations, and limited availability of the product are restraining the growth of the market during the assessment period is hindering the growth of the global hormonal implants market in the forecast period.

Global, as well as local players, are present in the hormonal implants market. A majority of the market is currently held by global players like Allergan. In May 2016, ALLERGAN took an initiative to help the US military servicewomen to access LILETTA under the Federal Supply Schedule (FSS) price of USD 55.83 to educate these servicewomen about the importance of contraception.

Key Players

Some of the key players in the global hormonal implants market are Shanghai Dahua Pharmaceuticals Co., Merck & Co., Inc., Bayer HealthCare, Ltd and Allergan.

Regional Analysis

The global hormonal implants market, by region, is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The hormonal implants market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European hormonal implants market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been segmented as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The hormonal implants market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The hormonal implants market in the Middle East & Africa has been divided into the Middle East and Africa. 

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Segmental Analysis

The global hormonal implants market has been segmented based hormone, type, distribution sector, end user, and region.

The market, based on hormone, has been bifurcated into levonorgestrel and etonogestrel. The levonorgestrel segment is anticipated to hold the largest share in the market, market due to the wider preferability and longer durability compared to other contraceptives for the use of hormonal implants.

The market, based on the distribution sector, has been segmented into the public sector and private sector. The public sector market is expected to hold the largest share in the market, due to increasing adoption rates in public healthcare facilities under various government regulations.

The market, by end-user, has been divided into hospitals & clinics, academic & research institutes. The hospitals & clinics segment is expected to lead the market, due to the major commercialization is done through them.

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