Medical Devices Market 2021 Global Industry Analysis By Size, Growth, Merger, Share, Trends, Competitive Landscape, And Regional Forecast To 2027

Medical Devices Market Analysis 

The medical devices market is likely to touch USD 6170.72 billion at a 22% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report. Medical devices, simply put, are products used for analysing, preventing, or treating any disease.  

Numerous factors are propelling the global medical devices market share. These factors, as revealed by the latest MRFR report, include rising patient population, increasing incidence of accidents, extensive research and development activities in healthcare to develop innovative & advanced medical devices, increasing incidence of heart diseases, and rising elderly population with different health problems.  

On the contrary, rising health concerns and decreased healthcare reimbursements are factors that may limit the global medical devices market growth over the forecast period.

Medical Devices Market Segmentation 

The Market Research Future Report provides an inclusive segmental analysis of the global medical devices market based on end users, application, and product type.  

By product type, the medical devices market has been segmented into bioimplants & stimulation devices, treatment equipment, surgical devices, diagnostic devices, drug delivery devices, monitoring devices, and others. Monitoring devices are again segmented into neuromonitoring devices, hemodynamic monitoring devices, temperature monitoring devices, cardiac monitoring devices, multi-parameter monitoring devices, fetal and neonatal monitoring devices, respiratory monitoring devices, and weight monitoring devices. Diagnostic devices are again segmented into endoscopes, imaging devices, surgical ENT devices, imaging devices, and others. Among these, cardiac monitoring devices will lead the market over the forecast period.  

By therapeutic application, the global medical devices market has been segmented into dental, nephrology and urology, gastrointestinal surgery, ophthalmology, general surgery, ear-nose-throat (ENT), diagnostic imaging, neurology, orthopedics, cardiovascular, respiratory, and others.  

By end user, the medical devices market is segmented into diagnostic centers, pharmaceutical companies, hospitals and clinics, and research laboratories.  

Medical Devices Market Regional Analysis 

By region, the global medical devices market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), & the Middle East & Africa (MEA). Of these, the Americas will lead the market over the forecast period for the rising incidence of various chronic diseases such as neurological disorders, diabetes, and cancer. Chromatograph, microscope, and spectroscope are widely used for disease diagnosis.  

The global medical devices market in Europe is predicted to hold the second-largest share over the forecast period. Factors adding to the medical devices market growth in the region include increasing innovations in various pharmaceutical companies for developing new drugs, increasing expenditure by the government to develop medical devices, developing economy, and the presence of many medical device manufacturing units in the region.  

The global medical devices market in the APAC region will grow at a quick pace over the forecast period for the surging geriatric population having health problems and growing demand for healthcare products.  

The global medical devices market in the MEA will have a small share over the forecast period. A major share will be held by the Middle East for the increasing government initiatives for healthcare.  

Medical Devices Market Key Players 

Leading players profiled in the global medical devices market report include Biotelemetry Inc. (US), Angiodynamics Inc. (US), Boston Scientific Corp. (US), Baxter International Inc. (US), Bio Rad Laboratories Inc. (US), Becton Dickinson (US), Accuray Inc. (US), Medtronic (Ireland), Abiomed Inc. (US), Stryker (US), Siemens (Germany), Johnson & Johnson (US), Abbott Laboratories (US), GE Healthcare (US), and Fresenius (Germany).  

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Medical Devices Industry News 

February 2020: The US FDA has granted clearance to CM-1500, a cardiac monitoring system that will offer data to post-operative care providers, doctors, and clinicians. Made by Zynex Medical, this system will also simultaneously monitor different parameters of the patient’s body, such as skin humidity, skin temperature, PPG amplitude, ECG amplitude, heart rate, electrocardiogram, and bioelectrical impedance. 

Sexual Wellness Market Growth Analysis, CAGR Status, Development Analysis, Competitive Landscape, Prediction Overview, Forecast to 2025

Sexual Wellness Market-Overview

Sexual wellness has gained impetus in recent times, with society becoming more open-minded about its related concepts. The global market is anticipated to reach USD 39.5 Billion and is anticipated to grow at a 4.60% CAGR by 2027, as per MRFR reports.

The increase in online shopping trends is estimated to increasingly bolster the sexual wellness market’s development compared to traditional channels. The improved knowledge and awareness on sexual well-being concepts will further promote the expansion of the sexual wellness market share in the impending period.

Segmental Analysis

The segmental overview of the sexual wellness market is conducted on the basis of product, distribution channels, and region. The distribution channel segment of the sexual wellness market covers retail and online platforms. The region segment of the sexual wellness market covers the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The product segment of the sexual wellness market covers sex toys, sexual enhancement supplements, condoms & contraceptives, lubricants, and ointments.

Detailed Regional Analysis

An well-known market participant in the global market is the Americas region. An increase in the frequency of sexually transmitted diseases (STDs) and a strong e-commerce company are expected to drive the market in the Americas region in the future. The international sexual wellness industry is likely to be dominated by Europe.

Sexual wellness products are becoming increasingly popular in this region, which is driving the market expansion. As sexual health goods and supportive sex education programs are becoming increasingly popular in Asia-Pacific, the region is predicted to expand at a faster rate than any other region in the world.  It is projected that the Asia-Pacific area will grow at the fastest rate. The expansion of the sexual wellness market in the region will be driven by more awareness and easier access to goods. The Middle East and Africa region would have one of the lowest market shares in worldwide sexual wellness

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Competitive Analysis

The contenders in the market are intensely researching to optimize their growth in the current climate. Emphasis is being squarely placed on product development, market fortification, along with mergers and acquisitions. The need for innovation and consumer satisfaction is projected to dictate the development of the market in the coming period. The central players in the sexual wellness market are Reckitt Benckiser Group plc (UK), Doc Johnson (US), Church & Dwight Co., Inc. (US), Mankind Pharma (India), Ansell Ltd. (Australia), LELO (Sweden), LifeStyles Healthcare (Australia), Karex Berhad (Malaysia), Veru Inc. (US), and BioFilm IP LLC (US).

Companies in the market, such as Lelo have released a brand-new male toy. The new Lelo F1S V2, priced at £195, the sexual wellness company is about to overcome the social taboo. The F1S V2 V2 features double the strength, four distinct programs variations, and a softer, more flexible sleeve for various shapes and sizes, as well as ten highly sensitive sensors that provide performance feedback via the LELO app allowing users to create a customized set of programs.

Metal Implants and Medical Alloys Market: 2021 Industry Analysis By Global Size, Share, Growth, Statistics, Trends, Key Players Analysis With Regional Forecast To 2027

Metal Implants and Medical Alloys Market Insights

Market Research Future estimated that the global metal implants and medical alloys market is set to reach the peak CAGR of 9.1%.

Metal implants are system-designed parts to provide internal support to biological tissues. They are widely used in joint replacements, dental implants, orthopedic fixation, and stents. Increased use of medical alloys is associated with an increased incidence of implant-related complications due to poor integration, inflammation, mechanical instability, necrosis, and infections, as well as prolonged pain and loss of function.

The worldwide increase in the number of traffic accidents and injuries, combined with the growing demand for minimally invasive surgical procedures, is expected to stimulate metal implants and medical alloys market growth during the evaluation period. In addition, the growth of the geriatric population, the increasing burden of lifestyle-related diseases, and the increasing technological progress of the devices should support market growth.

Metal Implants and Medical Alloys Market Segmentation

The material type segment of the market is segmented into titanium, cobalt chrome stainless steel, and others. The titanium segment is set to dominate as titanium is used head to toe in biomedical implants and is often used in the body due to the biocompatibility of titanium and surface modifications, bioactive surface. The high strength, low weight and increased corrosion resistance of titanium and titanium alloys have resulted in a wide and diverse range of high performance applications requiring high levels of reliable surgical performance.

Based on applications, the worldwide market for metal implants and medical alloys is divided into orthopedic, cardiovascular, dental, craniofacial, and neurological implants. The orthopedic segment is also classified into trauma fixation devices, joint reconstruction devices, and spinal implants. The segment of joint reconstruction devices is also classified into knee reconstruction, shoulder reconstruction, hip reconstruction, and others. The segment of trauma fixation devices is also divided into metal plates and wires, screws, pins, nails, and rods. The spinal implant segment is further classified into spinal compression fractures, spinal fusion devices, spinal decompression devices, and motion retention devices. The cardiovascular segment is also divided into stents, implantable pacemakers, mechanical heart valves, implantable cardioverter defibrillators, and guidewires. The dental segment is divided into dental implants, bridges, orthodontic equipment, and metal crowns.

Metal Implants and Medical Alloys Market Regional Outlooks

The Americas, in 2018, dominated the global market for metal implant and medical alloys market owing to drastic growth in aging population, growing occurrences of chronic diseases, while enhancement in treatment and products, accessibility and advancement in healthcare services in the region such as Canada and the US.

Europe is anticipated to follow the Americas in the metal implants and medical alloys market and its second position holding during the forecast period owing to high expenditure on healthcare services, specifically the dental services.  The region such as Switzerland and Germany are some reason that make regional market more lucrative for the futuristic growth.

The Asia Pacific regions is anticipated to gain a rapid growth in the implants and medical alloys market due to existence of huge patient population, increased healthcare spending and infrastructural investments, rising health awareness, and growing per capita income.

Further, the Middle East and Africa region are anticipated to witness strong growth during the forecast period. Growing investment to modernize the healthcare systems led by Middle Eastern countries is contributing the growth of the global metal implants and medical alloys market.

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Metal Implants and Medical Alloys Market Participants

The global metal implant and medical alloys market is operates by large number of key players through their product offerings and services such as Zimmer Biomet, Aperam, Materion Corporation, Fort Wayne Metals Research Products Corp. AMETEK Inc., ATI Specialty Alloys & Components, Wright Medical Group N.V, Supra Alloys (TITAN Metal Fabricators, Inc.), Royal DSM, and DePuy Synthes.

Metal Implants and Medical Alloys Industry Updates

A study published in Nature Microsystems & Nanoengineering describes a promising improvement in the procedure developed by engineers at San Diego State University, in collaboration with researchers at the Karlsruhe Institute of Technology (KIT) in Germany. Deep brain stimulation involves the implantation of electrodes into the brain to produce electrical impulses that control abnormal movements, but current implant materials may exhibit abnormalities when the patient needs subsequent magnetic resonance imaging

Hepatitis Test Solution Diagnosis Market 2021 Global Industry Analysis By Size, Share, Opportunities, Growth, Emerging Technologies, And Regional Forecast To 2023

Hepatitis Test Solution Diagnosis Market Snapshot

The Hepatitis Test Solution Diagnosis Market can expect to attain a CAGR of 4.9% during the forecast period (2018-2023), Market Research Future (MRFR) reveals.

Market Drivers and Main Barriers

Hepatitis testing helps in determining the genotype of hepatitis that triggers the ailment. The test also helps understand the method of treatment ideal for the patient. As different hepatitis viruses cause almost similar symptoms, a series of diagnostic test is required for identifying the virus, which is the real cause of the disease. These factors accelerate product demand in the market to a great extent.

The hepatitis test solution and diagnosis market could expect strong growth in the subsequent years as a result of the surge in cases of viral hepatitis as well as autoimmune diseases Increasing healthcare spending is another critical factor that could work in favor of the market in the near future.

Throughout the assessment period, demand from China, South Korea, Turkey, India, Brazil, and South Africa is most likely to accelerate. As a result, the growing prospects across developing economies are presumed to support market growth. The major traction of the market in the future could be in response to the rising healthcare expenditure and investment, combined with the increasing disposable income of consumers. Additional factors promoting market growth include surging medical tourism, coupled with the presence of a huge number of undiagnosed cases.

Market Segmentation

The worldwide market for hepatitis test solution/diagnosis has been segmented on the basis of disease type, technology, end-user, and region.

Depending on the disease type, the market is segmented into Hepatitis A, Hepatitis B, Hepatitis C, and others.

The global hepatitis test solution/diagnosis market, with respect to the technology, is considered for enzyme-linked immunosorbent assay (ELISA), rapid diagnostic tests (RDT), polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT) and others.

The various end-users in the market are hospital & diagnostic laboratories, blood banks, and others.

Regional Insight

Europe, Middle East & Africa, Asia Pacific, and the Americas are the primary markets for hepatitis test solution/diagnosis.

The Americas is touted to be the leading hepatitis test solution/diagnosis market in the coming years. The rise in bacterial infection and adoption of clinical practices for a variety of disease treatment result in the superlative growth of the regional market. The Centers for Disease Control and Prevention (CDC) reveals that in 2016, almost 2,967 cases of acute hepatitis C infection were estimated in the United States (US). 

In 2017, Europe covered the second largest share in the global hepatitis test solution/diagnosis market. Rising HIV cases, increasing kidney problems, and other infectious diseases lead to hepatitis infection, which accelerates the product demand in the region. The World Health Organization states that in 2018, close to 14 million people in Europe suffered from Hepatitis C, accounting for 20% of the worldwide cases of hepatitis. The massive pool of hepatitis afflicted patients in the region is slated to favor market growth.

Asia Pacific was identified as the fastest expanding market for hepatitis test solution/diagnosis in 2017. The regional market benefits from advanced healthcare infrastructure as well as rising burden of hepatitis infections. The surge in healthcare spending and increasing penetration of sophisticated clinical laboratory technologies could also fortify market growth in the ensuing years.

Lastly, Middle East and Africa was the smallest market for hepatitis test solution/diagnosis. The region comprises countries with weak economy and poor healthcare infrastructure along with low per capita income. These factors stunt the growth of the regional market.

Esteemed Companies

Some of the most esteemed vendors operating in the worldwide hepatitis test solution/diagnosis market are Siemens Healthineers (UK), Bio-Rad Laboratories (US), Diasorin (Italy), Fujirebio, Inc. (Japan), Grifols (USA), Abbott Laboratories Inc. (US), MedMira, Inc. (US), Biomérieux Sa (France), Roche Diagnostics (UK), Qiagen (UK), Danaher Corporation (US), among others.

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Recent Developments

June 2019: The World Health Organization (WHO) along with various other hepatitis experts are demanding large-scale hepatitis testing, mostly in places where resources are limited. Numerous alternative testing tools such as dried blood spots (DBSs) and point-of-care (POC) tests are touted to be alternatives to standard immunoassays which need access to advanced clinical laboratories.

Artificial Pancreas Device System Market 2021, Size, Growth, Merger, Share, Key Players, Trends, Revenue, Regional, And Industry Forecast To 2027

Artificial Pancreas Device System Market Overview

The global artificial pancreas device system market has witnessed a boost of late as the number of cases of diabetes continue to rise across the globe due to an expanding geriatric population and negative impact of unhealthy lifestyle. It is slated to register a CAGR of 21.10% over 2017-2023 and record a valuation of USD 341.08 million by 2023 as artificial pancreas are being increasingly used as a treatment option for diabetes.

In case of type 1 and type 2 diabetes, the pancreas produces little to no insulin which makes it imperative for patients, especially those suffering from type 1diabetes, to inject insulin to regulate their blood glucose levels. This is important to keep complications such as cardiovascular disease, kidney failure, blindness etc. at bay. However, diabetes management involves blood glucose monitoring, insulin dose calculation and insulin infusion with needle or pump. The use of an artificial pancreas device system which continuously monitors blood glucose is often found to be beneficial for many patients. Healthcare regulatory bodies like the U.S. FDA are closely collaborating with academic investigators, diabetes patients, and care providers to develop innovative devices that will add impetus to the growth of artificial pancreas device system market.

Artificial Pancreas Device System Market Segmentation

The global artificial pancreas device system market is segmented on the basis of type and end-user. The type segment is further subdivided into control to range (CTR) and control to target (CTT) systems.

The chief end users of the artificial pancreas device system market include medical centers, hospitals etc.

Artificial Pancreas Device System Market Regional Analysis

Regional analysis of the global artificial pancreas device system market includes the regions of North America, Asia Pacific, Europe, Middle East and Africa.

North America has registered a considerable market share in recent years, a trend that is expected to continue over the forecast period. This is mainly due to the prevalence of lifestyle diseases of obesity and diabetes and better awareness about effective devices for the management of such diseases. Enhanced healthcare compensation scenario in the U.S. has added a considerable boost to artificial pancreas device system market outlook.

Europe artificial pancreas device system market size is expected to expand substantially over the coming years due to factors that are similar to those noted in North America. Higher spending on healthcare will augment artificial pancreas device system market growth in the region.

Asia Pacific artificial pancreas device system market is slated to register positive growth trends over the forecast period due to the vast population of the region and the rising number of people aged over 50 who are demographically more prone to suffer from diabetes. Increasing disposable income and greater awareness about diabetes management options, not to mention the power to afford such options, will add a considerable boost to artificial pancreas device system market.

Artificial pancreas device system market from the MEA region is expected to be chiefly driven by Gulf countries like UAE and Saudi Arabia. In Africa, where the healthcare system in most countries is are still deprived of many of the basic necessities, artificial pancreas device system market is expected to register slower growth.

Artificial Pancreas Device System Market Competitive Outlook

Artificial pancreas device system market has witnessed a surge in the number of industry competitors due to the future promise that the technology holds for the industry. Increased investment in research and development for the betterment of the device system is also expected to attract greater number of contenders to the business. Some of the noteworthy participants of the global artificial pancreas device system market include Inreda Diabetic B.V., Cellnovo, Dexcom Inc., Johnson & Johnson, Medtronic Plc, TypeZero Technologies LLC, Beta Bionics, Pancreum Inc., Tandem Diabetes Care Inc., Insulet Corp, F. Hoffmann-La Roche Ltd, and Bigfoot Biomedical.

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Artificial Pancreas Device System Industry News

New artificial pancreas device systems are being released in to the market quite frequently that are technologically updated and are showing better results for algorithm based insulin delivery. For instance, the Control-IQ system developed by Tandem recently released its result from a study conducted on 168 diabetic patients. The system demonstrated the ability to help people with type 1 diabetes to spend more time in their targeted glucose range.

Genetic Testing Market Share, Growth Rate, Sales Value and Industrial Production 2027

Genetic Testing Market Overview

As per the assessment conducted by Market Research Future (MRFR), the global market for the genetic testing market is estimated to garner a market value of USD 30.10 Billion while thriving at a CAGR of 10.30% by 2027. Genetic testing is used in prenatal screening, diagnostics, and as a predictive tool.

The on-going technical development in genetic testing is anticipated to play a significant role in developing the global genetic testing market during the forecast period. The rising demand for genetic testing in oncology and the increasing adoption of genetic tests into clinical care is another salient factor that can drive the regional market. Furthermore, the growing demand for personalized medicine can be recognized a crucial factor that can augment the market size in the assessment timeframe. On the contrary, lack of expertise in developing and underdeveloped countries is expected to hamper the market growth. In addition, the high expenses associated with genetic testing is likely to affect the adoption rate and inhibit the market rise.

The outbreak of COVID-19 is likely to bring a negative impact on the market growth due to the temporary shutdown of testing labs and clinics, which brought a negative impact on the market.

Genetic Testing Market Segmentation

The global market for the genetic testing market can be segmented into method, type, and application.

The method-based segments of the global genetic testing market are molecular genetic tests/ DNA tests, chromosomal genetic tests, and biochemical, genetic tests. Among all, the molecular genetic test/DNA tests is anticipated to procure a market share of 11.78% during the review time.

The type-based segments of the global genetic testing market are prescribed genetic testing and direct to consumer genetic testing. Among all, the prescribed genetic testing is anticipated to procure a major market share while expanding at the highest CAGR by 2024.

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The application-based segments of the global genetic testing market are reproductive health, cancer screening, ancestry, predictive and pre-symptomatic testing, and others. Among all, the reproductive health segment is anticipated to lead the segment in the assessment tenure.

Genetic Testing Market Regional Analysis

As per the assessment conducted by MRFR, the Americas is anticipated to lead the global market during the forecast period. The region is expected to thrive at the maximum CAGR in the coming time. The increasing demand for personalized genetic testing and the favorable initiatives taken by the government are other salient causes that can grow the market in the coming time. APAC is anticipated to be the fastest-growing region during the review time. The increasing adoption of a sedentary lifestyle and the growing consumption of junk food is likely to play a salient role in driving the regional market in the assessment tenure. Developing countries such as; India and China are anticipated to make a notable contribution in developing the industry in the coming time. On the other hand, MEA is likely to witness the growing adoption of technology and increased government initiatives that can improve the healthcare infrastructure. In addition, the increasing prevalence of metabolic diseases in the region is likely to increase the demand for genetic testing and augment the market share of the region.

Genetic Testing Market Key Players

Some of the renowned players of the global genetic testing market are Blueprint Genetics (Finland), Bio-Rad Laboratories, Inc. (US), PerkinElmer Inc. (US), Myriad Genetics, Inc. (US), Illumina Inc. (US),  QIAGEN N. V.  (Germany), Eurofins Scientific (US), F. Hoffmann-La Roche Ltd (Switzerland), Abbott Laboratories (US), Quest Diagnostics Incorporated (US), BGI Genomics (China), and Thermo Fisher Scientific Inc. (US).

Genetic Testing Industry News

February 2021- Seneca Therapeutics has expanded its R&D pipeline to include six new armed gene therapy/oncolytic constructs directed against important cancer targets and indications.

February 2021– Scientists in Beijing have developed a new gene therapy that can reverse some of the effects of aging in mice and increase their lifespans. The therapy can be fruitful for humans in the future.

February 2021- Taysha Gene Therapies, a patient-centric, clinical-stage gene therapy company, which is focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the CNS, announced their collaborations with Cleveland Clinic and UT Southwestern Gene Therapy Program (UTSW_ to advance next-generation mini-gene payloads for AAV gene therapies for the treatment of genetic epilepsies and additional CNS disorders.

February 2021– Paragon Biosciences, a life science innovator, and cell and gene therapy and synthetic biology utilizing AI, has launched CiRC Biosciences, a cell therapy company, developing a treatment for severe diseases with an initial focus on the eye.

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COVID-19 Sample Collection Kits Market Analysis, Growth by Top Companies, Trends by Application, Forecast – 2027

COVID-19 Sample Collection Kits Market Overview

Global COVID-19 Sample Collection Kits Market is slated to acquire a value of USD 4.16 billion by 2027 and is slated to register a growth of 5.20% over the review period of 2020 to 2027.

COVID-19 Sample Collection Kits Market Dynamics

The COVID-19 outbreak has resulted in a surge in demand for the COVID-19 sample collection package. The vitals and reagents given for collecting samples and shipping them to the laboratory where the research services will be conducted on such a sample are referred to as the sample collection kit. The high demand for sample collection kits as a result of the global outbreak of COVID-19, as well as government approval of new and advanced detection tests, are expected to drive COVID-19 Sample Collection Kits Market growth. Furthermore, an increase in antibody detection, an increase in government support, and a large volume of products and swab use rate are expected to drive market growth during the forecast period. The rising number of corona virus patients around the world, the the prevalence of the geriatric population, the levels of funds and investment for the development of medicines and advanced machines for virus testing and diagnosis, and various mergers and collaborations to increase the production of sample test kits are some of the major and important factors.

Everlywell, Inc. received an emergency use authorization (EUA) from the Food and Drug Administration (FDA) in May 2020 for the COVID-19 Test Home Collection Kit. The product is a nasal swab sample collection kit that can be used at home and sent to specific laboratories for COVID-19 diagnostic testing. As a result, demand for sample collection kits is increasing. Furthermore, the identification of antibodies, increased government funding, large volume of goods, and high swab use rate are expected to drive market growth.

However, a lack of laboratory-based reagents and a shortage of test-related supplies such as reverse transcription-polymerase chain reaction tools, swabs, and virus control samples to control COVID-19 are expected to limit the global COVID-19 sample collection kits market’s development.

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COVID-19 Sample Collection Kits Market Segmental Analysis

The global COVID-19 sample collection kits market has been segmented based on the product type, application, and end user.

The market has been divided into swabs, viral transport media, blood collection kits, and others based on product type. The swabs segment is expected to rise at the fastest rate. Swabs are classified into two types: nasopharyngeal swabs and oropharyngeal swabs. Just nasopharyngeal swabs should be collected for research, according to the Centers for Disease Control and Prevention (CDC). The fastest-growing category is viral transportation media.

The market has been divided into diagnostic and analysis segments based on application. The diagnostic segment is expected to grow at the fastest rate, while the analysis segment is expected to grow at the fastest rate.

The market has been divided into hospitals and clinics, diagnostics centers, and others depending on the end consumer. The diagnostic center is expected to develop at the fastest pace. Hospitals and clinics are the fastest growing sector.

COVID-19 Sample Collection Kits Market Regional Analysis

Laboratory Corporation of America (LabCorp) is the first diagnostic test manufacturer for COVID-19 at-home specimen collection kit, according to the US Food and Drug Administration (FDA) in April 2020. During the forecast period, this is anticipated due to the high demand for sample collection kits across the country.

According to the MRFR, 2, 95,889 COVID-19 cases have been confirmed in the United Kingdom. Furthermore, the World Health Organization (WHO) and the European Centre for Disease Prevention and Control (ECDC) moved quickly to establish laboratory needs and capacities in the European region, according to the World Health Organization (WHO) and the European Centre for Disease Prevention and Control (ECDC) January 2020 study. As a result of an increase in the number of confirmed cases of COVID-19, sample collection kits are needed for laboratory tests and detection, which is expected to drive market development.

Because of the COVID-19 outbreak, the Asian Development Bank (ADB) announced a USD 6.5 billion assistance package for the Asia-Pacific region in March 2020. As a result, industry growth is projected to be fueled by increased government support.

The Middle East and Africa area is more in need of infrastructure growth and technological innovation. This results in a lack of growth in the healthcare sector, resulting in a decrease in sample collection kit demand on the market. To resolve this, market growth is expected to be fueled by advancements in development and technology.

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COVID-19 Sample Collection Kits Market Competitive Analysis

The major players of the market are Thermo Fisher Scientific, Inc. (US), Hardy Diagnostics (US), BNTX Inc. (Germany), Formlabs (US), Medline Industries, Inc. (US), HiMedia Laboratories (India), VIRCELL S.L. (Spain), Puritan Medical Products (US), COPAN Diagnostics (California), Becton, Dickinson, and Company (US), Laboratory Corporation of America Holdings (US), Lucence Diagnostics Pte Ltd. (California).

Structural Heart Devices Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

Structural Heart Devices Market Scope

Market Research Future (MFRF) studied the global structural heart devices market 2021 for the analysis period till 2023. As per MRFR analysis, the structural heart devices market is expected to expand at 10.4% CAGR through the forecast tenure (from 2018 to 2023). By 2023, the structural heart devices market value is expected to touch number. 

Structural Heart Devices Market Drivers and Restrains

The surge in cases of congenital cardiac defects and the increase in need for effective diagnosis for the early detection of such disease can favor the expansion of structural heart device market in the near future. The rise in cases of atrial septal defect, paravalvular leak, ventricular septal defect, arterial or venous fistula, congenital heart disease, and patent foramen oval is creating the demand for minimally invasive techniques, which, in turn, can drive the need for structural heart devices. Thus, can prompt the market upsurge in the analysis tenure. The availability of advanced products, such as; disruptive technology assisted structural heart valves for treating patients can promote the market growth in the years to come. On the contrary, the high expense of structural device is expected to limit the adoption of such device that can restrain the market upsurge. 

Segment Analysis of Structural Heart Devices Market

The segment study of the global structural heart devices market is based on type, procedure, indication, and end-user.

The type-based segments of the structural heart device market are occludes and delivery systems, heart valve devices, annuloplasty rings, and accessories among other devices. The segment of heart valve devices consists surgical heart valves and transcatheter heart valves. The segment of surgical heart valves further studies mechanical heart valves and tissue heart valves. The increase in utility of transcatheter heart valves is expected to prompt the market growth.

The indication-based segments of the structural heart device market are valvular heart disease, congenital heart defects, and cardiomyopathy among others. The segment of valvular heart disease studies stenosis and regurgitation. The cardiomyopathy segment can rise at decent CAGR over the review period.

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The procedure-based segments of the structural heart device market are repair procedures and Replacement Procedures. The segment of replacement procedures is SAVR procedures and TAVR procedures. The segment of the repair procedures is assessed for closure procedures, valvuloplasty, annuloplasty, and TMVR procedures. The increase in adoption of TMVR procedures is likely to garner high revenue in the years to come.

The end-users-based segments of the structural heart device market are ambulatory surgery centres, and hospitals among others. The segment of ambulatory surgery centres is likely to thrive in the evaluation period. 

Regional Analysis of Structural Heart Devices Market

In the Americas, the market of structural heart devices is expected to earn considerable revenue over the analysis tenure for several factors. Increase in rate of surgeries due to pathological conditions, such as; diabetes, and high blood pressure among others can contribute to the expansion of the regional market. Other factors, such as; rise in healthcare awareness, the adoption of disruptive technology, rise in medical tourism, and increase in disposable income can promote North America structural heart device market.

In Europe, the market of structural heart devices market is expected to garner high revenue by 2023. Out of other EU regions, Germany is expected to contribute significantly to the regional market are earn decent revenue by 2023. The upsurge of EU structural heart device market is likely to thrive owing to increase in expansion of elderly population and rise in number of people suffering from obesity and diabetes in this region.

In Asia Pacific region, the market of structural heart devices is likely to earn considerable revenue in the review period owing to the surge in cardiac problem patient population. The structural heart device market in all regions of APAC is anticipated to garner huge revenue in the near future. In the Middle East Asia and Africa, the structural heart device market is likely to expand at sluggish pace due to low per capita income and stringent government policies. 

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Structural Heart Devices Market Key Players

Edwards Lifesciences Corporation (US), LivaNova plc (UK), Biomerics, ST. Jude Medical, Medtronic plc (Ireland), Abbott (US), Comed BV, Boston Scientific Corporation (US), JenaValve Technology, Inc., CardioKinetix, Endologix Inc. (US)., Cook Group Incorporated (US), and W. L. Gore & Associates, Inc. (US) are some reputed companies in the global structural heart devices market that are listed by MRFR in the report.

Healthcare Claims Management Market foreseen to grow exponentially over 2020 – 2027

Healthcare Claims Management Market Scope 

Market Research Future (MRFR) assessed the global healthcare claims management market 2021 over the study tenure till 2027. MRFR data suggests that the advent of new treatments and technologies offering delivery of quality healthcare services can cause the market of healthcare claims management market to rise at a healthy CAGR of around 5.37% in the study period. By 2027, the global healthcare claim management market is anticipated to garner decent revenue. 

Healthcare Claims Management Market Drivers and Restraints 

Managing healthcare claims processes comprises different tasks, such as; billing, organization, processing, filling, and updating medical claims that are related to treatment, diagnosis, and medication of patients. The increase in focus on delivering quality healthcare services and surge in the adoption of cloud-based technology and associated services are expected to promote the market rise in the study period. The integration of robust claims management solutions to prevent data breaches and protect confidentiality is observed as another factor that is expected to bolster the expansion of the market in the review tenure. On the contrary, lack of IT expertise in the healthcare domain are other factors that can restrain the upsurge of the Healthcare Claims Management Market. 

Healthcare Claims Management Market Segmentation 

The segment study of the global healthcare claims management market is based on component, end-user, and delivery mode type. 

The component-based segments of the healthcare claims management market are services and software. Rapid advancements in technology and high investment of software vendors in developing highly efficient healthcare claim management software solutions is expected to favor the market in the upcoming years. 

The delivery mode-based segments of the healthcare claims management market are cloud based and on-premise. The inclination towards cloud-based solutions of healthcare claim management is identified to prompt the market upsurge. 

The type-based segments of the healthcare claims management market are standalone and integrated. The high preference of integrated healthcare claim management solutions by different health insurance companies is likely to promote the market growth.  

The end-user-based segments of the healthcare claims management market are providers and healthcare payers. The increase in the number of healthcare players is anticipated to favor the market rise in the foreseeable future. 

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Healthcare Claims Management Market Regional Analysis 

The market healthcare claim management in the Americas is likely to maintain its dominance over the forecast tenure. This is likely owing to innovative and new treatments and technologies that can benefit the market upsurge in the near future. The heavy cash inflow from various government agencies to boost healthcare IT infrastructure setup is expected to promote the establishment of numerous healthcare claims management providers which, in turn, can benefit the expansion of the Americas market in the years to come. As per the study of the National Health Expenditure Accounts (NHEA), U.S. healthcare spending is likely to increase by considerable revenue in the years to come. In Europe, the surge in the increasing investment for building and maintaining a robust healthcare infrastructure and promoting effective services can benefit the market in the near future. In Asia Pacific, the market of healthcare claims management is observed to hold high potential, which, in turn, can promote the rise of the market in the APAC. In addition, the existence of some top-notch companies in the worldwide healthcare claims management solutions market is likely to prompt the APAC healthcare claim management market by 2027. In addition, the proactive participation of governments in APAC for the  market growth counting on the introduction of several initiatives to spread awareness among people are likely to promote the market growth in the years to come. The market in the Middle East and Africa is expected to rise at moderate pace and secure the smallest share of the worldwide healthcare claims management market by 2027. Issues with healthcare IT solutions expense to impact MEA market. 

Healthcare Claims Management Market Key Players 

Oracle Corporation, Accenture plc., Allscripts Healthcare Solutions, Inc., IBM Corporation, Cognizant Technology Solutions Corporation and Genpact Limited, Infor Inc., Cerner Corporation, eClinicalWorks, McKesson Corporation, athenahealth, Inc., Optum, Inc., Conifer Health Solutions, Avaya Inc., and nThrive, Inc are some eminent players in the global healthcare claims management market that are listed by MRFR. 

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The global market of healthcare claims management market is expected to gain decent revenue from top-notch market players across the world. The introduction of innovations by several players in the market and strategic collaborations among these players are observed to work in favor of the healthcare claims management market in the years to come.

Hematology Diagnostics Market 2020 – 2027 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects

Hematology Diagnostics Market – Overview

The renewed emphasis on health and wellness has prompted an increased focus on blood-related disorders as well. Market reports connected with the healthcare industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better.  The market is set to profit from the positive CAGR in the market during the forecast period.

The increased prevalence of blood-related disorders is motivating the expansion of the hematology diagnostics market. Moreover, the development in the detection and diagnostic methods has improved the growth of the market for hematology diagnostics. The increased involvement of genetic diseases in blood-related ailments is projected to fuel the development of the hematology diagnostic market in the coming years.

Hematology Diagnostics Market Segmental Analysis

The segmental analysis of the hematology diagnostics market is segmented on the basis of tests, product type, and end-user. By product type, the hematology diagnostics market is segmented into flow cytometers, and consumables. The tests segment is additionally segmented into leukemia/lymphoma phenotyping, hemoglobinopathy, anemia, hematology pathophysiology, complete blood count (CBC) and others. Based on end-users, the market is segmented into ambulatory surgical centers, diagnostic laboratories, hospitals and clinics, academic institutes and others. 

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Hematology Diagnostics Market Regional Analysis

The regional analysis of the hematology diagnostics market states that the North American region dominates the market due to the mounting incidence of blood diseases. The presence of the primary market players within the region is influencing the market growth. Factors such as growing healthcare expenditure, technological improvements within the population are driving the market development in this region. The European region is the subsequent market contender in the global hematology diagnostics market due to the growing hematology research within this region. The growing hematology research and government initiatives within this region are influencing the development of the hematology diagnostic market in this region.

The Asia Pacific region was recognized as the quickest rising region for the hematology diagnostics market globally in 2017. The market is projected to observe considerable development due to the intensifying commonness of blood disorders and genetic diseases. The predisposition of individuals in the region to genetic disorders due to marriages to blood relatives or marrying within the same community, ethnicity, caste, etc. The Middle Eastern and African region controls the smallest stake in the hematology diagnostics market globally owing to the incidence of strict government policies and deprived economies. Though, the market is projected to observe growth owing to increased investments by private market players in the Middle East. Moreover, the increasing incidence of genetic blood disorders and expanding government initiatives to develop the healthcare sector within the region is expected to contribute to the market’s growth.

Hematology Diagnostics Market Competitive Analysis

The growth of the market is moving in a favorable direction due to new product launches or rising gross revenue of the players in the market. Significant reductions in administrative costs are inducing further expansion of the market. The vertical additions and product tactics of the market are boosting the potential of the market players. The development of a robust value chain is further motivating the development of the market. The strategic goals intended for the market are reinforced due to favorable product differentiation carried out by market competitors.  Increased adaptability of market players to new market trends and customers inclinations are lifting the growth curve of the market and will continue do so in the forecast period. The successful implementation of strategies is expected to motivate the market in the coming years.

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The central contenders in the hematology diagnostics market globally are Ortho Clinical Diagnostics (US), Danaher (US), Siemens (Germany), Boule Diagnostics (Sweden), HORIBA (Japan), Abbott Laboratories (US), EKF Diagnostics (UK), Bio-Rad Laboratories (US), BioSystems (Spain), Sysmex (Japan), Diatron (Hungary), Nihon Kohden (Japan), Drew Scientific (US), Mindray (China), and Roche (Switzerland), and other.

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