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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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.

 

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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Biologics Market 2027 Industry Size, Trends, Segments, Top Vendors, Opportunity, Competitive Scenario, Recent Developments and Forecast Research

 Market Analysis 

The global biologics market is anticipated to touch USD 285,520.4 million at a 6.95% CAGR between 2018-2023, states the new Market Research Future (MRFR) report. Biologics, simply put, are made from materials that come from various living organisms such as animals, humans, and microorganisms, namely yeast or bacteria. Usually, biological products are manufactured, utilizing biotechnology methods or other advanced technologies. They are widely used for providing effective treatment for several complex diseases, including Crohn’s disease, psoriasis, and rheumatoid arthritis, which have limited options for treatment. Biologics is transforming the manner in which physicians treat common conditions that have plagued people for years. They have many potential benefits as; theoretically, they can be customized for hitting particular gene targets in the body. 

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Numerous factors are propelling the biologics market. Such factors, as per the new Market Research Future report, include unremitting research & development activities, rising regulatory convergence, increasing government initiatives in the healthcare sector, growing demand as well as higher acceptability of innovative therapies, and the emergence of orphan drugs and personalized medicines. Additional factors propelling the growth of the biologics market include improvement in the healthcare infrastructure, rapid urbanization, increasing awareness about the efficacy and performance of biologics, and increasing prevalence of different chronic diseases. 

On the contrary, stringent government regulations, higher supervision, the rise of biosimilars, pricing pressures coming from regulators, difficulty to manufacture biologics, and side effects such as breathing problems, chest pain, change in blood pressure, and gastrointestinal complications are factors that may hamper the biologics market growth during the forecast period. 

Market Segmentation 

 

The Market Research Future report offers a complete segmental analysis of the biologics market based on manufacturing, disease indication, and product. 

Based on product, the global biologics market is segmented into gene therapy, growth factors, vaccines, interleukins, monoclonal antibody, and others. Of these, the monoclonal antibody segment will have the largest share in the market during the forecast period for its increasing use for enhancing the body’s immunity system. 

Based on disease indication, the biologics market is segmented into diabetes, cancer, psoriasis/psoriatic arthritis, rheumatoid arthritis, and others. Of these, the cancer segment dominated the market in 2018, but rheumatoid arthritis is predicted to dominate the biologics market over the forecast period for the rapid approval of different drugs by the regulatory agencies. 

Based on manufacturing, the biologics market is segmented into outsourced and in-house. Of these, the outsourced segment will have the maximum share in the market during the forecast period for the presence of several pharmaceutical companies, especially in developing countries. 

Regional Analysis

By region, the biologics market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific, Europe, and the Middle East and Africa. Of these, the Americas will dominate the market during the forecast period. Various factors are propelling the growth of the biologics market in the region, such as investments in new facilities for producing drugs for clinical trials, strong economic growth of Canada and the US, and rapid adoption of manufacturing technologies. It is predicted to touch USD 129,652.7 million at a 4.31% CAGR.

The biologics market in the APAC region will grow at the fastest pace during the forecast period. Various factors are propelling the growth of the biologics market in the region, such as the changing healthcare sector, increasing geriatric populace, and the presence of different contract manufacturing organizations (CMOs) in the region. India is a major contributor in this region for its massive strides in biologics manufacturing.

Key Players 

Notable players profiled in the biologics market report include GlaxoSmithKline Plc (UK), Eli Lilly and Company (US), Bayer AG (Germany), Sanofi (France), F. Hoffman-La Roche AG (Switzerland), Novartis AG (Switzerland), Amgen (US), Pfizer Inc. (US), AstraZeneca (UK), and AbbVie, Inc. (US). Key players have incorporated specific strategies to increase their market share, such as acquisitions, expansions, and new product launches. 

Industry News

December 2019: Researchers at the Shenzhen Institutes of Advanced Technology, China, and Duke University, US, have created a platform that will make the biologics production process simpler. 

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Animal Genetics Market: Current Trends, Business Opportunities, Challenges & Global Industry Analysis by 2027

 According to the Market Research Future (MRFR) analysis, the global animal genetics market size is estimated to register a CAGR of 8.4% from 2018 to 2023 (forecast period). The report offers an in-depth overview of the industry, including production, suppliers, quality, consumption, growth rate, profit margins, services, imports and exports, and technology advancements.

Market Analysis 

The global animal genetics market is projected to grow exponentially at an alluring 8.4% CAGR over the predicted years (2018-2022). Animal genetics lays emphasis on the different facets of animal heredity which is the traits that passes from generation to generation. This field encompasses topics including animal breeding, genetic testing and genetic variability. Animal genetics utilizes twin techniques of general genetics, ontogenetic, mathematical-statistical, cytological, population and hybrid. On the commercial level, it is utilized for services such as genetic disease testing, DNA typing and genetic trait testing. 

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There are many factors that is driving the growth of the animal genetics market. Some of these factors as per the Market Research Future (MRFR) report include increasing consumption of protein that is animal-derived, rapid urbanization the world over, growing population, increasing use of advanced genetic technologies and genetic services for quality breeds and larger-scale production, rising focus to identify superior breeds, high investments in research and development activities, expansions undertaken by the leading players, rapid increase in animal diseases, increasing trend to possess companion animals, and increasing prevalence of various zoonotic diseases which boosted the demand for genetic testing. On the contrary, factors such as scarcity ok skilled experts in veterinary research, lack of technicians to conduct advanced genetic services, soaring price of animal testing, strict regulatory framework and negative effects to use genetic engineering on various animals may hinder the growth of animal genetics market.

Market Segmentation 

Market Research Future report offers an all-inclusive segmental analysis of the animal genetics market on the basis of animal genetic products, services and end-user. 

Based on animal genetic products, it is segmented into live animals and genetic materials. The genetic materials are further segmented into embryo and semen and the live animals are further segmented into canine, porcine, bovine, poultry and others. Of these, bovine semen is likely to have the maximum share in the market over the predicted years. 

Based on services, the animal genetics market is segmented into gene trait tests, DNA typing, genetic disease tests and others. Of these, genetic disease tests will lead the market over the predicted years. 

Based on end-user, it is segmented into research centers and institutes, diagnostic centers, veterinary hospitals and clinics and others. 

Regional Analysis 

Based on region, the animal genetics market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will sway the market over the predicted years due to growing use of animal genetics in research and rising acquisition by market players. Europe grabs the second largest position in the animal genetics market owing to high consciousness concerning the wellbeing of animals and rising investment on the region’s veterinary services. In the APAC region, the animal genetics market is expected to grow at the highest CAGR owing to increasing veterinary care services at the community level as well as the veterinary hospital. On the other hand, the animal genetics market in the Middle East and Africa will have a minimal share owing to scarcity of trained healthcare professionals and low per capita income. There however has been a boost in the demand for consistency and accuracy by the government and the end-users here that is increasing the use of the animal genetic technology. 

Key Players 

Key players profiled in the animal genetics market include vetGen (US), Alta Genetics (US), Animal Genetics (US), Envigo (US) Hendrix Genetics BV (The Netherland), Zoetis (US), Topigs Norsvin (Netherlands), CRV Holding B.V. (The Netherland), Groupe Grimaud (France), EW Group (Germany), URUS (US), Genus (UK), Neogen Corporation (US), and others.

Feb 2019- Wisdom Health, a popular dog genetic testing company has introduced an affordable DNA kit that works as human DNA tests. This test will not read the complete genome but will check definite number of markers. The company will compare the genetic information of a dog in their database with many other dogs. Here algorithm will be involved. 

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Veterinary POC Diagnostic Market: Business Opportunities, Competition & Key Companies, Current Trends and Challenges

 Global Veterinary POC Diagnostic Market: By Product (Consumable, Instruments), By Technology (Clinical Biochemistry, Immunodiagnostics, Hematology, Urinalysis, Molecular Diagnostics), By Application (Clinical pathology, Bacteriology, Virology, Parasitology, Orthopedics & traumatology, Gynecology, Oncology, Cardiology, Neurology), By Animal Type (Companion Animals, Livestock Animals) By End User (Veterinary Hospitals and Clinics, Home Care Settings) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2027

Market Highlights

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

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

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

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

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

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

Regional Analysis

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

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Segmentation

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

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

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

Based on the application, the market has been segmented into Clinical Pathology, Bacteriology, Virology, Parasitology, Orthopedics & traumatology, Gynecology, Oncology, Cardiology, and Neurology. Clinical pathology is expected to grow at the fastest CAGR.
The market based on end user has been segmented into hospitals & clinics, home care, and others. The hospitals and clinics segment is expected to hold the largest market share owing to the larger patient footfall in hospitals.

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

Key Players

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

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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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Cranial Fixation and Stabilization Market 2021 Developing Trade with SWOT & Forecast Outline 2027

 Cranial Fixation and Stabilization Market Brief Overview

Craniotomy procedures are used to open up a bone flap in the skull to expose the brain. Cranial fixation systems are designed to ensure the stability of flaps during such procedures. They can reduce the surgical time and ensure the strength of flaps. Cranial stabilization systems are required during neurosurgeries and driven by high prevalence of neurological disorders. The global cranial fixation and stabilization market report by Market Research Future (MRFR) contains historical data, current trends, and future opportunities for the forecast period (2019-2025).

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Market Scope

The global cranial fixation and stabilization market is predicted to touch a value of USD 2.29 billion by 2025. It can exhibit a CAGR of 8.90% during the forecast period owing to all surgical procedures involving the head. Rise of minimally invasive surgeries and breakthroughs in instruments demanded for surgeries can bode well for the market. According to the WHO, close to 6.8 million die of neurological conditions annually.

Development of new surgical techniques to assist patients with neurological disorders and the largescale spending on healthcare by nations can be beneficial to the global cranial fixation and stabilization market. Establishment of standards and practices as well as the need for head and neck stabilization during surgeries can evoke the need for cranial fixation & stabilization systems.

However, strict regulations on cranial fixation and stabilization equipment and differing regulations on imports and exports of equipment can hamper the market growth.

Cranial Fixation and Stabilization Market Segmentation

The global cranial fixation and stabilization market is segmented by category, product, type, and end-user.

Category-wise, the market is segmented into cranial stabilization systems and cranial fixation systems. Cranial fixation systems are used for fastening bones after fractures, fastening the skin to bones for trauma victims, and ensuring success in post-surgery. Large number of trauma cases which require the use of these equipment can drive global market growth. On the other hand, cranial stabilization systems can stabilize the head during invasive procedures. 

Products in the market include plates, flat tube clamps, skull clamps, meshes, screws, horseshoe headrests, and accessories. Meshes are used in reconstructive surgeries to fix the face. While skull clamps are used in holding the head firmly in place for surgery. Lastly, horseshoe headrests can support and stabilize the head so head movement is still possible.

Types of cranial stabilization and fixation systems include resorbable and non-resorbable. Resorbable systems can account for a smaller share of the global cranial fixation and stabilization market due to being expensive in nature. While, the non-resorbable segment can generate revenue due to being economical in cost and being attached to the head in developing economies.

End-users in the global cranial fixation and stabilization market are ambulatory surgical centers, hospitals, and others. Hospitals are likely to have the lead among the end-user segment till the end of the forecast period due to high volume of neurosurgeries being performed at these centers. While ambulatory surgical centers can also command a significant share of the market due to a large volume of trauma cases being treated at these facilities.

Cranial Fixation and Stabilization Market Regional Analysis

Europe, Americas, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions considered in the global cranial fixation and stabilization market.

The Americas had led the global market, with the maximum share of the region belonging to North America. North America records a large number of trauma cases and brain-related injuries and can fuel the demand for cranial stabilization and fixation systems. On the flip side, APAC can register the highest growth rate during the forecast period due to large number of road accidents and investments by private players for improving the existing healthcare infrastructure.

Competition Outlook

Ostomed, Braun Melsungen AG, Zimmer Biomet, Medtronic, Changzhou Huida, Evonos, Stryker, Johnson & Johnson, DePuy Synthes, Pro Med Instruments, Integra LifeSciences Corporation, Medicon, Micromar, NEOS Surgery, KLS Martin Group, and Jeil Medical are prominent players in the global cranial fixation and stabilization market.

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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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Elastography Imaging Market Details: SWOT Analysis, New Project Investment Feasibility

 The global elastography imaging market is growing pervasively, witnessing the rising cancer cases worldwide. Elastography imaging technology has become increasingly popular in the diagnostic data during surgery. The technique is extensively used during the radiology, general imaging, cardiology, cancer, obstetrics, gynecology, urology, vascular, and orthopedic & musculoskeletal applications. 

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Market Research Future (MRFR), in its recent elastography imaging market insights, asserts that the global elastography imaging market valuation had reached USD 2,538.2 MN in 2018, which is estimated to appreciate further at 11.1% CAGR during the forecast period (2019 to 2025). The growing prevalence of life-threatening diseases and increasing demand for minimally invasive procedures to diagnose and treat different chronic diseases, alongside the elastography imaging market trends, act as major driving forces for the market growth. 

Besides, the increasing launches of innovative systems with easy to use technologies are helping the market to grow freely. Growing awareness about the benefits of elastography imaging technique in cancer detection, impact the growth of the market positively. Conversely, high costs of elastography imaging systems and the requirement of high initial investments are the major factors projected to impede market growth during the forecast period. Nevertheless, changes in regulatory policies and rising demand for effective therapies to treat complicated disorders would support the market growth throughout the analyzed period.

 

Global Elastography Imaging Market   - Segmentations

The report has been segmented into four main dynamics.

By Modality : Ultrasound, Magnetic Resonance Elastography, and others. 

By Application : Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Urology, Vascular, Orthopedic & Musculoskeletal Applications, and others. 

By End User : Hospitals & Ambulatory Surgical Centers, Diagnostic Centers, Research Laboratories, and others. 

By Regions : Americas, Europe, APAC, Middle East & Africa, and Rest-of-the-World.

 

Global Elastography Imaging Market - Geographical Analysis

North America dominates the global elastography imaging market. The largest market share attributes to the rising numbers of cancer patients and the high adoption of new technology in the region.  Besides, the presence of major market players and the increasing usages of elastography imaging techniques for the detection of cancer are spurring market growth. Also, the high healthcare expenses and technological advances in elastography imaging drive the regional market growth. 

Additional factors such as the increasing R&D expenses, the increase in the insurance coverage, and improving reimbursement scenario in the US & Canada fuel the growth of the regional market. The North American elastography imaging market is expected to retain its dominance over the global market throughout the assessment period.

Europe holds the second-largest share in the global elastography imaging market. The market is majorly driven by the considerable growth in the occurrences of cancer and the increasing support & funding from regulatory authorities to control the rising prevalence of cancer. Moreover, factors such as the presence of well-established healthcare systems and the rising per capita healthcare spending, drive the regional market growth. Also, augmenting demand for innovative diagnosis techniques has been increasing the elastography imaging market size.

The elastography imaging market in the Asia Pacific region is growing briskly. The market is predominantly led by raising awareness about the advantages of elastography imaging systems in the detection & treatment of cancer. Additionally, the increasing number of patients with chronic diseases and government initiatives for healthcare reforms push the market growth excellently. Furthermore, factors such as the increasing healthcare expenses, resurging economy in the region, and spreading awareness about elastography techniques, influence the growth of the regional market. 

 

Global Elastography Imaging Market   - Competitive Landscape

Highly competitive, the elastography imaging market appears fragmented, with many well-established players forming a competitive landscape. To gain a larger competitive share, market players adopt strategic approaches such as mergers & acquisitions, product & technology launch, expansion, and collaboration. Players make substantial investments to drive the R&D required for innovation and product launch. They also invest in increasing their global footprint and acquiring promising companies from emerging markets. 

 Major Players:

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

Industry/Innovation/Related News:

April 30, 2020 ---- American Association for Cancer Research published a study a recent Cancer Research in which the diagnostic accuracy of quantitative micro-elastography for margin assessment in breast-conserving surgery has been evaluated. The study reveals that imaging plus elastography enhances surgical margin assessment in breast cancer. Findings from the study - Quantitative microelastography demonstrated increased sensitivity, specificity, and accuracy in detecting positive surgical margins in combination with optical coherence tomography versus optical coherence tomography alone in women who received breast-conserving surgery.

The ideal scenario to perform the imaging in the surgical cavity is immediately after the specimen has been removed. This would give surgeons a direct indication of whether any tumor had been missed. The next goal of the research team is to develop a handheld quantitative microelastography probe to enable intraoperative imaging.

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