Breast Imaging Market Overview, Dynamics, Growth Factors for Business Expansion, Key Companies, Trends and Forecast 2027

 Breast Imaging Market Research Report: Information by Technology {Ionizing [Mammography, Molecular Breast Imaging (MBI)/Molecular Breast-Specific Gamma Imaging (BSGI), PET-CT, Contrast-Enhanced Spectral Mammography (CESM) and Cone Beam Computed Tomography], Non-Ionizing [Breast Ultrasound, Breast MRI, Breast Thermography, Optical Imaging and Electrical Impedance Imaging (EIT)] and others}, End Users (Hospitals and Clinics, Specialty Centers and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027

Market Synopsis

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.

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.

Also Read Here!! https://www.medgadget.com/2021/02/breast-imaging-market-industry-analysis-2021-global-size-technology-demand-growing-segments-revenue-share-and-foster-market-growth-by-2025.html 

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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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.

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Clinical Nutrition Market Trends, Demand, Global Analysis by 2027

 Clinical Nutrition Market-Overview

Clinical nutrition mainly focuses on the development of nutritional products especially for the patients suffering from chronic diseases such as diabetes, chronic obstructive pulmonary disease, gastrointestinal disorders, cancer, immune system disorders, liver and kidney diseases, and many more. Rising prevalence of chronic diseases, extensive demand for clinical nutrition therapy, and growing awareness about the use of nutritional products drive the growth of the market. Additionally, the prevalence of lifestyle diseases such as obesity, and addiction to smoking and alcohol also stimulate the market growth. The market is expected to show flourishing growth in developing regions of Asia Pacific owing to a rising economic burden of chronic diseases and increasing demand for nutritional supplements. Clinical nutrition is now becoming an important field of interest, due to increase important of nutrition to be provided to the patient during his/her stay at the hospital as well as at home. Quality of products offered by the company determines the quality goals and efficiency that can be achieved so as to attract more and more customers, and increase in the sale of nutritional products. The products are needed to be manufactured through quality assurance and quality control market, thus sustaining the position in the market. Therefore, the company should strive to develop qualitative products to attract more and more customers, and enhance its growth.

Key players in the Clinical Nutrition Market:

Abbott (U.S.), AYMES Nutrition International Ltd. (U.K), NeoMed (U.S.), Baxter International (U.S.), Danone (France), B. Braun Melsungen AG (Germany), Mead Johnson & Company, LLC. (U.S.), Nestlé Health Science (Switzerland), Nutricia Advanced  Clinical nutrition (Netherland), Primus Pharmaceuticals (U.S.), Inc., Solace Nutrition (U.K) and others. The major players focus on the development of products useful for particular segment such as nutritional products for adults, children and geriatric population. The major players focus on the development of products useful for particular segment such as nutritional products for adults, children and geriatric population.

Strategic approaches adopted help the major players in the market to sustain their growth and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players. This help the companies to reach untapped markets in developing nations of the worlds, thus reducing the supply demand gap. The companies develop number of nutritional products for patients, addressing their according to the disease condition. 

Danone:

Danone is a French multinational food-products company in France. The company introduced, SYNEO which is the first and only hypoallergenic formula containing prebiotics as well as probiotics for the infants suffering from cow’s milk allergy, multiple food allergies, and related gastrointestinal conditions.

Nestlé Health Science:

In October, 2015, Nestlé Health Science has announced its collaboration with GE Healthcare to improve nutrition monitoring for critically-ill patients. RESOURCE, BOOST, PRONOURISH are some of the major product of the company.

Nestlé Health Science has acquired Vitaflo headquartered in UK to establish a foothold in the fast-growing market for uniquely formulated products. It has 2nd largest market in US and 1st in Canada.

In 2015, Nestlé Health Science acquired Phagenesis, a UK-based company developing Phagenyx, an innovative pharyngeal electrical stimulation device to treat dysphagia.

In July, 2015: Nestlé Health Science signed with Seres Therapeutics’ novel class of microbiome therapeutics (Ecobiotics) an exclusive agreement outside the United States and Canada for in the fields of Clostridium difficile infections and Inflammatory Bowel Disease (IBD).

Abbott Nutrition:

Abbott manufactures, and sales enormous clinical nutrition products for adult, infant & new mother, infant & new mother, sports & active living, and therapeutic use. The company supplies these nutrition products under various brand names such as Similac, PediaSure, Pedialyte, Ensure, ZonePerfec, EAS, and Glucerna. The company focuses on healthy diabetes, malnutrition, and heart health.

June, 2016: Abbott launched new EAS Protein Shakes, Powders and Bars especially for the Athletes with an aim of fuelling their Lifestyles, improving strength, and enhance their performance. The company strives to provide clinically proven nutrition for health-conscious individuals and athletes at every stage of their development, from beginner to professional.

April, 2016: Abbott Launched EAS Myoplex Sports Nutrition Line for designed for performance. The product form new line are Myoplex Pre-Workout, Myoplex BCAA + Electrolytes, Myoplex Protein Blend, and Myoplex Micellar Casein.

Research in Clinical Nutrition by Key Players:

Abbott:  A research carried out by University of Illinois and Abbott at the Centre for Nutrition, Learning and Memory discovered that children with higher lutein levels in the eye tend to do better on tests of cognition and academic achievement. This help Abbot to understand the role of nutrition on childhood cognition, which will further help the company to develop product providing maximum benefits children enhancing their cognitive abilities.

Therefore, the market is driven by availability of numerous nutritional products, strategic approaches, and geographical expansion by key players. 

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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.

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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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Veterinary Imaging Market Scope, Global Analysis, Business Trend and Forecast to 2027

Increment sought after for veterinary diagnostics is required to fuel the interest as these gadgets are essentially utilized for ailments determination. The market for  veterinary imaging market is estimated to expand by exhibiting a CAGR of 7.14% during the forecast period and is estimated to reach value of USD 2,167.78 million by 2025.

Developing use on animals wellbeing and pet protection are required to add to expanding request. Moreover, developing partner animals fragment because of high selection of pets and increment in number of vet professionals around the globe are required to push the interest for these frameworks over the next years. Increment in rate of zoonotic sicknesses requests exact and compelling indicative devices, which is estimated to fuel the business growth in coming years. Interest for powerful solution for improve domesticated animals profitability in creating economies is relied upon to drive the selection in coming years 

Upsurge in populace of domesticated animals, appeal for dairy and meat items, ascend in reception of pets, and increment in mindfulness among pet proprietors for better treatment alternatives for their pets are a portion of the elements foreseen to add to development of the veterinary imaging market over the conjecture time frame. Veterinary indicative imaging comprises of a non-intrusive technique for getting pictures of the animal’s body with the end goal of restorative diagnostics. The animals considered for imaging are little friend animals, enormous animals, and zoo animals, and others. 

The market is driven by expanding consumption on animal wellbeing alongside rising interest for pet protection alongside developing pet market. Besides, specialized improvements identified with veterinary imaging instruments are required to offer inexhaustible development openings in the market. Absence of skilled veterinarians is a key market challenge looked by key market players.

Competitive Analysis:

The key players operating in the global veterinary imaging market include IDEXX Laboratories, Inc., Carestream Health, GE Healthcare, FUJIFILM Holdings America Corporation, Esaote SpA,Hallmarq Veterinary Imaging Ltd, VetZ Limited, SUNI Medical Imaging, Inc., and Universal Medical Systems, Inc.

Segmentation:

The veterinary imaging market is segmented based on product type, animal type, therapeutic areas, end user, and region.

In terms of product type, the global veterinary imaging market is categorized into instruments systems, veterinary software, and veterinary imaging reagents. Of these instruments systems is sub-segmented into ultrasound imaging systems radiography systems, magnetic resonance imaging systems, and computed tomography imaging systems. 

Based on the animal type, the market is segmented into small companion animals, large animals, and others.

Based on the therapeutic areas, the market is segmented into orthopedic and traumatology, neurology, cardiology, oncology, and other.

Based on the end user, the market is segmented into hospitals & clinics, academic institutes, and others.

Regional Analysis:

Based on the region, the market is segmented into Europe, the Americas, Asia Pacific, the Rest of the World (RoW). Of these, the Americas are estimated hold strong position in the veterinary imaging market is likely to expand with a CAGR of 7.62% during the forecast period. This is attributed to larger adoption of pets in the region. Increase in research and development (R&D) coupled with the demand for veterinary imaging equipment is driving the growth of the market. The increase in pet adoption along with increasing healthcare expenditure in the animal health segment is anticipated to propel the market growth. 

Asia Pacific market for veterinary imaging is anticipated to witness most lucrative growth owing to rising healthcare expenditure. Additionally, the increase in interest of key players for investing in this market is benefiting the market growth in the region. Rising interest of companies to expand their across the region along with growing demand for veterinary products are driving growth of the global veterinary imaging market. In addition to this, increasing R&D investment, availability of low-cost animal health products, and rising healthcare expenditure are expected to drive the growth of market.

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

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

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Global Trends on Medical Imaging Market Analysis and Regional Forecast

Medical Imaging Market Overview

The medical imaging market is anticipated to grow by US$45,719.65 Million by 2025 rapidly growing at a CAGR of 6.52% during the forecast period. The global medical imaging market is driven by improvements in point-of-care ultrasound systems, accessibility to portable magneto encephalography (MEG) brain scanners, partnership deals among key market players, and preference for medical diagnostic imaging.

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These factors have helped shape the medical imaging market and are expected to boost the growth. Companies in the medical imaging market could also face challenges such as inability of healthcare organizations to purchase expensive imaging systems. The details covered in the medical imaging market report cover all the aspects of the industry. Medical imaging market analysts have also shared growth projections in the report and have suggested medical imaging market players to plan growth strategies accordingly.

Medical Imaging Market Segmentation

The global medical imaging market has been segmented based on modality, applications, and end-users. On the basis of modality, the market for medical imaging is segmented based on magnetic resonance imaging (MRI), x-ray systems, computed tomography (C.T.), ultrasound systems, and nuclear imaging. Additionally, the market on the basis of applications, is segmented into oncology, cardiology, and neurology. The global market for medical imaging is also covered based on the end-users segment which is further split into academic institutes, diagnostic centers, hospitals and clinics, and research organizations.

Factors like increasing product launches, growing investments in research, and increase in technology support the medical imaging market growth. The performance of the medical imaging market has also been studied for the past and current years. Additionally, the medical imaging market report provides analysis of these segments. The medical imaging market segmental analysis provided in the report offers major details about the medical imaging market performance and future.

Medical Imaging Market Regional Overview

Companies in the medical imaging market are spread across the world. The medical imaging market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American medical imaging market has many companies across the United States, Canada, and Mexico. Europe has companies in the medical imaging market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the medical imaging market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The medical imaging market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the medical imaging market can be found in the market research report.

Competitive Landscape

The medical imaging market is supported by surge in cancer cases, well-defined funding for research and development projects, growing advances in progressive diagnostic devices, and focused research activities in oncology. The population growth around the world and increasing demand of medical imaging market based services and products also support the market growth. However, the medical imaging market growth can be affected due to inability of healthcare organizations to purchase expensive imaging systems, poor operational environment in some countries, and lack of funding. The report covers all such details which will help companies in the medical imaging market to strengthen their business plan and improve their product portfolio. The medical imaging market research report also provides company profiles of major companies. The company profile of organizations operating in the medical imaging market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the medical imaging market. New entrants and established players can plan their strategies based on this data provided in the medical imaging market research report.

Industry News

SOMATEX Medical Technologies has been acquired in a 64-million dollar contract by Hologic, Inc. to broaden its groundbreaking healthcare solutions portfolio. Somatex's technology and experience will be integrated into Hologic's new healthcare based products and service lineup.

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About Market Research Future:

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

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

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

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Allergy Immunotherapy Market 2021 Statistics Data, Leading Manufacturers, Growth Factors, Competitive Landscape, Demand and Business Boosting Strategies till 2027

 Allergy Immunotherapy Market Scenario

Allergy immunotherapy, also known as desensitization or hypo-sensitization is a novel therapy, which desensitizes the immune system by injections of allergen extract and thus targets the cause of allergy. The global allergy immunotherapy market is growing at a CAGR of 10.85 % during the forecast period.

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Allergy Immunotherapy Market Dynamics

Growing Allergens Exposure Is Driving A Strong Market Growth

According to the World Allergy Organization (WAO), estimates approximately 10 % to 40 % of the global population is suffering from an allergy in 2015. Growing prevalence of various chronic diseases like allergy, asthma, diabetes, and hypertension is driving the market growth. Increasing exposure to allergens owing to large-scale pollution is another driver of the market. The rapid adoption of Allergy Immunotherapy due to technological advancements and robust research pipeline is driving further market growth.

Growing Awareness And Increasing Healthcare Expenditure Is Driving A Large Demand

Changing healthcare practices, increasing healthcare expenditure and extended insurance cover coupled with the increasing awareness of treatments benefits, and growing success rate is driving faster market growth. Advantages of immunotherapy such as effectiveness and fewer side effects as compared to traditional therapy are feeding the demand for immunotherapy.

Nascent Stage Of Technology And High Price Is Hampering The Market

Allergy Immunotherapy Market Segments:                                                                                                                                        

The global allergy immunotherapy market is segmented based on allergy type, treatment, and regions.

Based on allergy type, the market comprises of allergic rhinitis, allergic asthma, peanut allergy, cat allergy, and other allergies.

Based on treatment, the market is divided into subcutaneous immunotherapy (SCIT), sublingual immunotherapy, and specific immunotherapy (SIT). Sublingual immunotherapy is further sub-segmented into sublingual immunotherapy drops and sublingual immunotherapy tablets. 

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.

Allergy Immunotherapy Market Key players: 

Some of the prominent vendors operating in the global allergy immunotherapy market are ALK Abello A/S (Denmark), Allergy Therapeutics (UK), Circassia (UK), DBV Technologies (France), Stallergenes Greer (UK), Merck KGaA (Allergopharma) (Germany), HAL Allergy Group (Netherlands), and others.

Industry News:

Mar 2015 – Global giant Serono proposed a merger with Stallergenes and Greer mediated by a fund having a 77.3 % stake in Stallergenes and which owns Greer outright. The merger will provide Ares Life Sciences an 86 % stake in a transatlantic allergy immunotherapy player. The move is aimed to take on deep-pocketed Merck and competitor Circassia. 

June 2015 - Allergy Therapeutics PLC acquired Spain's Alerpharma SA for up to EUR 5.8 million in cash. Allergy Therapeutics will pay an initial EUR 3.8 million, and up to EUR 2 million based on sales performance data of 2016.

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Allergy Immunotherapy Market Regional Analysis

Europe is the top contributor to this market and is led by Germany, U.K., France, and Italy owing to the rise in prevalence of allergy, asthma, diabetes, and exposure to allergens. According to the European Academy of Allergy and Clinical Immunology, nearly 150 million European citizens were suffering from chronic allergic diseases in 2015, which is projected to grow by more than 50 % in 2025. 

North America is dominated by the U.S. with a market value of USD 329.2 million in 2016. The Asia Pacific is projected to be the fastest growing market at a CAGR of 11.32 % led by China, Japan, and India. The Middle East & Africa is supposed to be dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. UAE dominates the market with a market share of 53.5 % of the Middle East & Africa market.

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

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

Contact:

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Clinical Reference Laboratory Market Research Methodology, Key Vendors Analysis, Recent Developments and Forecast 2027

Clinical Reference Laboratory is estimated to thrive at a CAGR of 5.8% while acquiring a market value of USD 247,167.8 Million by 2027

Market Synopsis

The global clinical reference laboratories market is considered to demonstrate 5.8% CAGR during the forecast period (2016-2027) owing to the usage of advanced robotics technology in reference laboratories, asserts Market Research Future (MRFR). Reference laboratories are referred to as commercial as well as private facilities which perform high-volume and specialty testing routinely. Physicians’ clinics, offices, government agencies, hospitals, pharmaceuticals, insurance companies, and biotechnology companies generally outsource the specialty to reference laboratories.

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Drivers and Constraints Impacting the Market

The global Clinical Reference Laboratory services Market companies is progressively growing and is estimated to continue its growth in the coming years. With adoption of value-based services gaining prominence, hospitals are outsourcing some part or even all of their radiology and pathology diagnostic services. One of the major reasons for rising outsourcing by the hospitals is the constrained budgets due to Medicare reimbursements. The cut down in the rates of clinical laboratories reimbursements under Medicare has impacted the U.S. lab industry. 

The U.S. clinical labs which depend on Medicare for 20% of their billings and for certain communities it is 80% of the business, got affected. To protect the hospitals, CEOs are outsourcing value-based services. Such factors have augmented the market for these independent reference laboratory services. Moreover, technologies which are capable of performing repetitive activities at high speed has developed to improve the consistency, quality, and effectiveness. The test results on samples which used to consume several hours to process can be found in a few minutes. Automation has impacted histopathology and microbiology to a great extent. Development of molecular technologies and genetics into the mainstream medicine being the most significant innovation, has impacted the health of the population, management of patients, and clinical practice. Moreover, launch of cost-effective, time-saving, and new diagnostic procedures owing to the accelerating number of FDA approvals is considered to contribute to the market growth.

On the flip side, illegible and incorrect sample labelling are some of the major factors considered to slowdown the market growth during the appraisal period.

Global Clinical Reference Laboratories Market: Segmental Analysis

The global clinical reference laboratories market has been segmented on the basis of service providers and application.

By mode of service providers, the global clinical reference laboratories market has been segmented into hospital based, stand alone, and clinical based. Among these, the stand-alone service providers are presumed to dominate the global market. With rising opportunities, presence of a new-range of condition-specific markers, availability of advanced technologies, and tests with advances in proteomics and genomics are some of the key factors likely to drive the segment.

By mode of application, the global clinical reference laboratories market has been segmented into clinical trials, laboratory medicine, and others.

Regional Insights

Geographically, the clinical reference laboratories market spans across regions namely, Europe, America, Asia Pacific, and the Middle East & Africa.

Among all the regions, America is considered to be the largest market for clinical reference laboratories. North America with countries such as Canada, and the United States lead the global market.

The European region occupies the second-largest share of the global market and is anticipated to continue its dominance in the coming years. The growth is credited to the increasing geriatric population, rising private and public funding for clinical laboratory test research, and growing incidences of chronic diseases. On the other hand, Asia Pacific is anticipated to expand at the fastest rate during the assessment period.

Industry Updates

January 18, 2019: One of the leading healthcare bio-analytic solution providers, Invitrocue has recently announced its first laboratory agreement in Germany in order to make its Onco-PDO personalized cancer screening service which will be available to the physicians and patients in Germany.

Competitive Dashboard

The prominent players operating the global clinical reference laboratories market are Quest Diagnostics, Clinical Reference Laboratory, ARUP Laboratories, Sonic HealthCare Limited, Unilabs, Laboratory Corporation of America, Bioreference Laboratories, KingMed Diagnostics, Aurora Diagnostics, Synlab International GmbH, and others.

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Nanomedical Devices Market Trends, Global Demand and Forecast

Nanomedical devices deliver great promise in various applications for health care. These devices are predominantly used in vivo testing and imaging. Over the past decade, a spurting growth has been seen in the number of development of nanomedical devices. The FDA has already approved many nanoscale devices. Various nanoscale materials used as delivery mechanisms while nanomaterials are being researched to improve devices used in cancer therapeutics. 

Simultaneously, nanoneedles and nanowires are being researched and developed for the usages in epilepsy and heart control while nanosized surgical instruments are studied to perform microsurgeries and for better visualization of surgery. Nanotechnology has revolutionized the medical field and has the potential to add innovative functionality to medical devices and pharmaceutical products. 

These developments and researches have facilitated the nanomedical devices market to grow and evolve exponentially. Market Research Future (MRFR), in its recently published study report, forecasts that in the wake of the prominence the nanotechnology is gaining in the field of medical devices, the nanomedical devices and therapeutics market will garner an exponential growth by 2023, registering 10.29% CAGR during 2017 – 2023. 

Increasing public and private funding support are impacting the market growth favorably, bringing about novelties to these devices. The introduction of nanotechnology-based cardiac and orthopedic implants have fostered the market growth, attracting the huge consumer base. Also, the increasing prevalence of chronic diseases and disorders such as cancer and others are fuelling the market growth. Moreover, growing awareness towards preventive measures of healthcare has contributed to the growth of nanomedical devices. 

On the other hand, the lack of regulatory standards in the testing and examination of nanoparticle-based medicines along with the high cost of the treatment is inhibiting the market growth. However, as the technology advances more over the period, these challenges are expected to ease with the time.  

Also, in the case of the regulatory aspects, market introduction of a medical device requires a lesser degree of testing depending on the risk category the device falls into. Such favorable conditions are expected to increase the market, introducing the nanomedical devices in numbers. 

Nanomedical Devices Market – Segments

The report - Nanomedical Devices market is segmented into four key dynamics, for the convenience of the report and enhanced understanding:-

By Types : Comprises Implantable Biosensors, Implantable Cardioverter-Defibrillators and Implantable Drug Delivery System among others.  

By Applications : Disease Treatment (cancer, neurological diseases, cardiovascular diseases and others), Diagnosis, and Drug Release Regulation among others.

By End Users : Hospitals & Clinics, Specialty Centers, & Ambulatory Centers and Homecare Settings among others. 

By Regions   : Europe, North America, APAC and Rest of the World.

Nanomedical Devices Market – Regional Analysis

The North America market is expected to lead the global nanomedical devices market with the significant market share. The market growth attributes to the better accessibility to technology, increasing governmental support for the research and development as well as healthcare expenditure. Besides factors such as availability of some well-developed technologies, high per capita healthcare expenditures, along with the presence of the major players in the region help to substantiate the market growth. 

Europe emerging as a lucrative market for nanomedical devices holds the second position in the market. Attributing to the increased funding and the support provided by the government and private entities for R&D the region is expected to expand, registering a phenomenal CAGR.  Moreover, the resurging economy in the region is expected to foster the regional market growth bringing advancement in the nanotechnology.

The Asia Pacific is growing rapidly, emerging as one of the lucrative markets for nanomedical devices.  Attributing to the increasing demand for the better treatment options the region is expected to grow significantly over the 2017-2023.  

Nanomedical Devices Market – Competitive Landscape

The Market appears to be diversified and highly competitive and with the presence of giant manufacturers of nanomedical devices, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies and product launch in order to gain the advantages of the market's competitive landscape.  

Key Players:

EOS GmbH (Germany), Stryker Corporation (US), Medtronic (US), 3M Company (US), EnvisionTEC (US), St. Jude Medical, Inc. (US),   Starkey Hearing Technologies (US), PerkinElmer, Inc. (US), and Smith & Nephew plc. (UK) are some of the leaders driving the Global Nanomedical Devices Market. Profiling them in its analysis MRFR finds out their strategies placing them at the forefront of completion.

Industry/Innovation/Related News:

June 26, 2018 – The Iranian Nanotechnology Initiative Council (INIC - Iran) disclosed its plans to expand the market for Iranian nanomedical devices to earn CE marking, a certification indicating the integrity of the health, safety, and environmental protection standards which can further permit  the sale of the products in the European Economic Area (EEA).

Read More @ https://www.marketresearchfuture.com/reports/nanomedical-devices-market-1236 

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