Hematology Diagnostics Market Analysis 2017-2023 by Future Growth With Impact Analysis of COVID-19, Revenue Analysis, Demand Forecast

Hematology Diagnostics Market Synopsis

Market Research Future (MRFR) speculates that the global hematology diagnostics market is predicted to demonstrate a robust CAGR during the forecast period (2018–2023) owing to the augmenting prevalence of blood disorders. Hematology is referred to as the branch of science which deals with the prognosis, cause, treatment, and prevention of blood disorders. Hematology diagnosis comprises the calculation of WBC, RBC, and platelets. It consists of the problems associated with RBC, WBC, lymph, bone marrow, and platelets. It comprises IVD technologies like flow cytometry, blood analysis, molecular diagnostics, immunodiagnostics, histology, hemostasis, and cytology.

Hematology Diagnostics Market Potential and Pitfalls

The augmenting prevalence of blood disorders coupled with technological advancements is considered to contribute to the hematology diagnostics market growth. Factors influencing the hematology diagnostics market are the rising incidences of genetic diseases, high adoption of hematology analyzers, increasing blood transfusions and donations, and rising hematological testing. As per the CDC and Prevention, around 70,000 to 100,000 of the Americans suffered from sickle cell disease in 2017, which is considered as a genetic blood disorder.

Automation is considered as one of the major areas of focus for hematology labs. Laboratories are extensively adopting automation for analytical, post-analytical, and pre-analytical steps in order to improve efficiency and also standardize the process. Processes such as processing, automation sample collection, test ordering, and test identification minimize the administrative errors besides facilitating reliable test results. Such factors are anticipated to contribute to the market growth to a large extent. Moreover, the increasing adoption of point-of-care (POC) hematology tests is presumed to influence the markeat growth as these tests are user-friendly and reduces the need for user-training.

On the contrary, poor healthcare insurance coverage for diagnosis, the high cost of diagnosis, and lack of awareness are some of the major concerns anticipated to slow down the market growth throughout the appraisal period.

Global Hematology Diagnostics Market: Segmental Analysis

The global hematology diagnostics market has been segmented on the basis of tests, product type, and end-user.

By mode of product type, the global hematology diagnostics market has been segmented into flow cytometers, hematology analyzers, and consumables. Among these, the hematology consumables segment is predicted to lead the global market owing to the increasing awareness of blood disorders among the patients and the healthcare professionals. Moreover, with the rising test volume due to the increasing awareness and early detection, the segment is considered to flourish.

By mode of tests, the global hematology diagnostics market has been segmented into hemoglobinopathy, anemia, hematology pathophysiology, leukemia/lymphoma phenotyping, complete blood count (CBC), and others.

By mode of end-users, the global hematology diagnostics market has been segmented into ambulatory surgical centers, hospitals and clinics, academic institutes, diagnostic laboratories, and others. Among these, the hospital’s segment is considered to dominate the global market. Diagnostic laboratories are predicted to expand at a rapid pace owing to the rising number of diagnostic centers coupled with the availability of advanced instruments.

Hematology Diagnostics Market Regional Insights

Geographically, the hematology diagnostics market span across regions namely, Europe, America, Asia-Pacific, and the Middle East and Africa.

Among all the regions, the North American region is predicted to dominate the global hematology diagnostics market and is likely to retain its dominance in the coming years. The growth is credited to the increasing prevalence of blood diseases in this region. As per Statista, 33% of all the Americans were diagnosed with hemophilia A in 2016. Factors contributing to the market growth are the presence of market giants like Bio-Rad Laboratories, Abbott Laboratories Danaher, and others coupled with the technological advancements and rising healthcare expenditure in this region.

The European region is predicted to occupy the second largest position in the global market owing to the rising hematology research in this region. For instance, the 16th World Hematology Congress will be conducted in London, in March 2019 in order to discuss the blood disorders, treatment, and diagnosis of hematology, hematologic disorders, hematologic oncology, and immunohematology.

The Asia Pacific region is anticipated to expand at the fastest rate due to the increasing prevalence of genetic diseases and blood disorders in this region.

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Hematology Diagnostics Industry Updates

February 14, 2019: The ERBA Group, a leading global In-vitro diagnostic company, at their recently concluded MEDLAB expo, launched their latest hematology analyzers H 560 and H 360. They have been designed to improve the efficiency of the lab. With the emergence of these systems, better healthcare outcomes are penetrating the global market.

Hematology Diagnostics Market Competitive Dashboard

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

RSV Diagnostics Market Analysis Reports Revenue Growth Globally During The Forecast Period 2017-2023

RSV Diagnostics Market Highlights

The latest report by Market Research Future (MRFR) states that the Respiratory Syncytial Virus (RSV) market is all set to gain substantial traction by accruing gigantic revenues by 2023. In addition, it is on track to surge at a CAGR of 10.4 % during the forecast period (2018–2023).

RSV Diagnostics Market Drivers and Top Restraints

The document named “Reducing Neonatal Mortality and Morbidity in Latin America And the Caribbean, An Interagency Strategic Consensus” states that almost 400,000 children under the age of five die due to infections that could have been prevented. This has attracted the focus of various health agencies that are striving to get a hold of the issue. For instance, Latin American Center for Perinatology and Pan America Health Organization (PAHO) have diverted their focus in the direction of educating the parents to fight against possible infections, promoting the growth of the RSV diagnostics market in the process.

The rising incidence rate of respiratory infections has done wonders for the market and is bound to surge at a significant rate in the coming years. with the growth in the incidences of chronic diseases around the world, there is bound to be an increase in the case of respiratory infections. This is going to have a definite positive impact on the demand for testing of infectious diseases like RSV. The deaths among neonates owing to these infections can be prevented when timely diagnosis and subsequent treatment is provided. Thus, the growing awareness regarding this factor is set to enhance the growth of the RSV diagnostics market in the years ahead.

The boost in the number of product launches across the globe will be one of the primary reasons fueling the growth of the respiratory syncytial virus diagnostics market in the forthcoming years. On that note, various diagnostics companies are keen on expanding their revenue with the development and introduction of the latest RSV diagnostics products in the market. These sophisticated diagnostic products are known to be highly efficient and reduce the time needed for the diagnosis.

The Rising Number of OEMs to be the Key Trend in the Global Market

The growth in the number of original equipment manufacturers (OEMs) is on its way to become a popular trend in the worldwide RSV diagnostics market in the near future. OEMs like Thermo Fisher Scientific and Sekisui Diagnostics are one of the leading manufacturers that offer RSV diagnostics.

There has been a rise in the number of combination products like drug delivery and smart devices, which is prompting the OEMs to work in conjunction with the contract manufacturing organizations (CMOs), making way for a number of new companies to gain entry into the market. As a result, there has been an increase in the product range required for diagnosing RSV. 

RSV Diagnostics Market Segmentation

The global RSV diagnostics market has been segmented based on product, method, and end-user.

Depending on the type of product, the market has been classified into kits and assays, instruments, and other products.

Method-wise, the global RSV diagnostics market has been considered for molecular diagnostics, rapid antigen detection test, gel microdroplets, flow cytometry, and others. Furthermore, the rapid antigen detection tests are sub-segmented into enzyme-linked immunosorbent assays, immunofluorescence assays, and other rapid antigen detection tests. The other type of rapid antigen detection tests can be segmented into chromatographic immunoassays and optical immunoassays.

The end-users mentioned in the report include hospitals and clinics, clinical laboratories, home care, and others.

RSV Diagnostics Market Regional Outlook

The global RSV diagnostics market is segmented into the regional markets of the Americas, Asia Pacific, Europe, as well as the Middle East & Africa.

The Americas will be the most lucrative market for RSV diagnostics on account of the rising incidences of RSV, growing healthcare expenditure and technological advancements in molecular diagnostics. As per the Centers for Disease Control and Prevention, over 57,000 children younger than five years old are hospitalized owing to RSV infection every year, in the United States (U.S). In order to bring down this abysmal number, various initiatives and programs are being introduced in the region, which means that the market will be doing excellent business in the region in the years to come.

Meanwhile, Europe has landed the second spot in the global RSV diagnostics market, with factors like increasing automation in vitro diagnostics, rising occurrence of RSV diseases, and surging funding offered by the government backing the said growth. Considering the current status of the region, the data furnished by the University of Oxford states that more than 30,000 babies and children less than five years of age are expected to be hospitalized every year owing to RSV.

The RSV diagnostics market in Asia Pacific can be broken down into smaller markets in the countries of India, Japan, China, Republic of Korea, Australia and the rest of the region. The regional market is touted to be the fastest-growing globally as a result of the rise in the infectious disease which includes the RSV infection. Also, the increasing healthcare expenditure coupled with the surge in the demand for RSV disease diagnosis has taken the market to higher levels in the past few years. In addition, countries like India, China, and Japan are deemed to be growing at the fastest rate in the region with the expanding healthcare systems along with the growing government initiatives backing up these markets.

Showcasing a rather sluggish growth rate in the global market is the region of the Middle East and Africa, which despite various restraints holds immense potential. The market shows promise, with the support of various factors including the increasing awareness and high investments by private industry participants combined with the increasing incidences of RSV in children in the region. 

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RSV Diagnostics Market Key Vendors

Bio-Rad Laboratories Inc., Abbott, F. Hoffman-La Roche Ltd., Danaher Corporation, Quest Diagnostics, Biocartis, Luminex, Hologic, Fast Track Diagnostics, Biomerieux, Becton, Dickinson, and Company (BD), Alere, Inc., Quidel Corporation, Thermo Fisher Scientific are among some of the top most companies in the RSV diagnostics market.

RSV Diagnostics Industry Latest News

May 2019: SpeeDx Pty. Ltd. has gotten the clearance from the Australian Therapeutic Goods Administration (TGA) of their PlexPCR RespiVirus test. It makes use of the PlexPCR technology for detecting 11 types of pathogens known for causing viral respiratory-illnesses. In addition, this test also lets the laboratories process a greater number of samples in a limited period of shift compared to a conventional in-house test.

Infection Control Market Growth Factors, Share, Trends, Regional Analysis, And Key Country Outlook To 2023

Infection Control Market Scenario

Market Research Future (MRFR) expects the global infection control market to rise at a CAGR of close to 7.5% during the forecast period (2017-2023).

Growth Drivers and Top Barriers

The infection control market gets a boost from the rise in surgical procedures requiring high-intensity infection prevention. The growing preference is believed to be the result of positive clinical outcomes linked with the use of infection control.

The hike in the number of government initiatives with the aim of infection prevention is thought to be the chief factor driving the market. Furthermore, government organizations are progressively issuing guidelines for promoting awareness about efficient prevention measures worldwide. This is a crucial factor expected to work in favor of the market.

World Health Organization (WHO) deems Acute Respiratory Diseases (ARDs) as one of the significant causes leading to death across the globe. Roughly 4.0 million deaths are caused by ARDs every year. These numbers exemplify the rising need for strict prevention as well as control. It is predicted that prolonged hospital stay is uneconomical for hospitals as well as healthcare payers with the excessive use of resources for treating acquired infections. These extra costs are mostly generated with the high usage of drugs, laboratory equipment, additional diagnostic studies, which leads to resource allocation imbalance. This factor has accelerated the demand for infection control market across the globe and is expected to increase further in the following years.

Infection Control Market Segmentation

The worldwide market for infection control has been segmented on the basis of type and end-user.

Type-wise, the infection control market is considered for disinfection products, sterilization products and services, and others. The disinfection product includes disinfectants, medical nonwovens, disinfectors, and endoscope reprocessors.

The end-users in the global infection control market are hospitals and clinics, life sciences industry, medical device companies, pharmaceutical companies, food industry, and others.

Infection Control Market Regional Insight

The main markets for infection control market are Europe, America, Middle East & Africa, and Asia Pacific.

The Americas is believed to rise as the most lucrative infection control market backed by the rising awareness about chronic infections combined with the surging number of service providers. The United States (U.S.) covers the maximum share of the regional market for infection control on account of the presence of sophisticated healthcare infrastructure and highly developed medical technologies.

It is quite likely that Europe could emerge as the second leading market for infection control. The presence of developed research and development facilities along with a slew of technological advancements is expected to fetch excellent revenues during the evaluation time frame.

The Asia Pacific market can expect the fastest growth during the review period with the surge in healthcare expenditure and superlative healthcare standards and infrastructure. Also, the boost in the number of outsourcing organizations in the region will benefit the market in the forthcoming years. For example, a voluntary organization known as Asia Pacific Society of Infection Control (APSIC) indulge in collaborations and partnerships as well as infection control researches to promote cost-efficient practices throughout the region. The regional market also gains momentum on the back of various government organizations committed to elevating the standards for infection control.

Middle East and Africa is perceived to develop steadily in the coming years based on the extensive advancement of the healthcare infrastructure coupled with the rising R&D activities within the healthcare sector.

Infection Control Market Key Participants

The esteemed players shaping the worldwide infection control market include Honeywell International, Inc. (U.S.), Cantel Medical Corporation (U.S.), Ahlstrom Corporation (Finland), STERIS Corporation (U.K.), Getinge Group (Sweden), MMM Group (Germany), Advanced Sterilization Products (U.S.), Ecolab (U.S.), Belimed AG (Switzerland), Sotera Health (U.S.), Metrex Research (U.S.), Reckitt Benckiser (U.K.), Matachana (Spain), 3M Healthcare Company (U.S.), Halyard Health (U.S.), Pal Internation (U.K.), Nordion, Inc. (U.S.), to name a few.

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Infection Control Industry Latest News

June 2019: Medline has launched its first infection control product, Micro-Kill Bleach Germicidal Bleach Wipes, after getting clearance from EPA. This product is highly efficient in disinfecting hospital surfaces, which is home to C. Auris, an infection causing fungus.

Drug Allergy Market Inclinations & Development Status Highlighted During Forecast Period 2018-2023 | Impact of COVID-19 Pandemic

Drug Allergy Market Synopsis

The current report by Market Research Future (MRFR) asserts that the global drug allergy market 2020 is slated to acquire a substantial market valuation of USD 4.7 billion by 2023, at a moderate 5.1% CAGR over the review period.

Drug Allergy Market Drivers and Restraints

Growing awareness about numerous allergies, the introduction of the new treatment of products, and growing demand from developing markets drive the growth of the global market. Further research to prevent drug allergies is another crucial driver for the market. The global drug allergy market is increasing moderately and is anticipated to continue its growth over the forecast period.

Drug Allergy Market Segmentation

The global drug allergy market is analyzed on the basis of type, which comprises of nonimmunologic, immunologic, and others. Immunologic allergy is sub-segmented into type II reaction, type IV reaction, type I reaction, type III reaction, and others. The non-immunologic allergy is sub-segmented into unpredictable, predictable, and others. The predictable allergy is further segmented into secondary pharmacologic side effects, pharmacologic side effects, drug toxicity, drug overdose, drug-drug interactions, and others. The unpredictable segment is further sub-segmented into idiosyncratic, pseudoallergic, intolerance, and others.

On the basis of diagnosis, the drug allergy market is segmented into blood tests, skin tests, patch tests, and others. The skin test is further segmented into the intradermal test, prick or scratch test, and others.

On the basis of treatments, the drug allergy market is segmented into corticosteroids, antihistamines, withdrawal of the drug, treatment of anaphylaxis, and others. Antihistamines are further sub-segmented into azelastine nasal sprays, cyproheptadine, carbinoxamine, desloratadine, emedastine eyedrops, diphenhydramine, hydroxyzine, levocabastine oral, azelastine eyedrops, levocabastine eyedrops, and others. Corticosteroids is further sub-segmented into inhaled steroids, topical steroids, and others. Inhaled steroids are further segmented into flunisolide, fluticasone propionate, fluticasone furoate, triamcinolone acetonide, budesonide, beclomethasone dipropionate, and others.

On the basis of end-user, the market is segmented into medical research centers, hospitals & clinics, academic institutes, and others.

Drug Allergy Market Regional Overview

The geographical overview of the global drug allergy market has been conducted in four major regions, specifically North America, Europe, the Asia Pacific, and the rest of the world (including Latin America and the Middle East and Africa).

The Americas lead the global market for drug allergy. The Americas mainly include Latin America and North America, out of which North America accounts for the maximum market share of this region. The US is the top revenue-generating market in North America and is one of the critical markets for global drug allergy treatment. Approximately 10% of the total US population has drug allergies. Latin America’s drug allergy market is also growing significantly and mainly includes Brazil, Argentina, and Chile. Europe is the second-largest market in the globe owing to increasing cases of drug allergy.

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Europe is primarily divided into Eastern Europe and Western Europe. More developed Western European countries like UK, Germany, and France are leading this market while the East European region is also rising significantly. Growing cases of drug allergies are one of the substantial factors for the progress of the European market.

Asia Pacific region is experiencing the fastest growth rate in the global drug allergy market due to some significant factors such as availability of treatment products, increasing awareness about various drug allergies, and rapidly improving healthcare facilities. Japan is holding a noteworthy market share, while China’s drug allergy market is anticipated to show the fastest growth in this region. Varying healthcare practices and growing patient involvement play a vital role in the expansion of this market.

The Middle East & Africa is anticipated to witness limited growth due to a lack of awareness about diseases, traditional healthcare practices, among others. The Middle East region leads the regional market due to some of the significant factors, such as the developed healthcare facilities and government support to improve public health.

Drug Allergy Market Competitive Landscape

The top market players identified by MRFR in the global market are Bayer (US), AstraZeneca (UK), Circassia (US), Johnson & Johnson Services, Inc. (US), HAL Allergy Group (the Netherlands), Stallergenes Greer (UK), MAGNA Pharmaceuticals, Inc. (US), and others.

Superdisintegrants Market : Business overview, Upcoming Trends and Top Company Analysis Forecast By 2023 | Impact of COVID-19 Pandemic

Superdisintegrants Market Synopsis

Market Research Future (MRFR) speculates that the global Superdisintegrants market is slated to garner USD 576.2 million, grabbing a CAGR of 7.9% during the forecast period (2018 to 2023). Increased production of generic drugs is predicted to is estimated to favor the market growth in the coming years. Disintegrants are referred to as substances which are generally included in drug formula in order to allow proper disintegration of the tablet or capsule into dissolvable particles. Superdisintegrants are added to drug formulation to facilitate the dissolution of the capsule content into reduced particles. Crospovidone, sodium starch glycolate, and croscarmellose sodium are some of the widely used products.

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Superdisintegrants Market Potential and Pitfalls

The pharmaceutical sector is observed to grow at a breakneck and is becoming an important part of the healthcare sector owing to the increasing population of both pediatric as well as geriatric patients. Superdisintegrants help to treat patients of this demographic as these tablets can be swallowed easily. With the growth of the demographic, the market for Superdisintegrants is estimated to flourish. Generic drugs are also high in demand as patents are running out on popular drug brands, thereby opening up the pharmaceutical sector for rising entry of competition and increased manufacturing of generic drugs. This has further propelled the market demand for superdisintegrants across the globe.

Superdisintegrants are extensively used in the production of drugs aimed at pediatric and geriatric patients as they provide good efficacy and disintegration at low dosage. With the rising incidences of several chronic diseases coupled with the rapidly growing healthcare infrastructure, the market is considered to propel. Governments from several economies are focusing on prevention rather than treatment, which has triggered the consumption of pharmaceuticals, thereby fostering the market growth. Moreover, advanced R&D activities is contributing to the growth of the market. For instance, substances like gellan gum, soy polysaccharide, isapghula husk mucilage, karaya gum, and locust bean gum are some of the natural substances which can be used as superdisintegrants in solid dosage form.

On the contrary, lack of investment in research and development activities is predicted to deter the Superdisintegrants market throughout the appraisal period.

Global Superdisintegrants Market: Segmental Analysis

The global Superdisintegrants market has been segmented on the basis of formulation, type, and therapeutic area.

By mode of type, the global Superdisintegrants market has been segmented into natural disintegrants, synthetic superdisintegrants, and others. Among these, the synthetic Superdisintegrants occupies a major share as they are widely used in the formulation of drugs. On the other hand, natural Superdisintegrants are expanding at a rapid pace owing to the increased demand for natural ingredients.

By mode of formulation, the global Superdisintegrants market has been segmented into tablets and capsules. Among these, the tablets command a major share as they are easy to consume.

By mode of therapeutic area, the global Superdisintegrants market has been segmented into neurological diseases, gastrointestinal diseases, infectious diseases, oncology, hematological diseases, inflammatory diseases, and cardiovascular diseases. Among these, the gastrointestinal diseases occupy a major share owing to the demand for fast acting medicine for such kinds of diseases.

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Superdisintegrants Market Regional Insights

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

Among all the regions, the American region is considered go capture the largest market share, led by the U.S. The growth is credited to the presence of a well-developed healthcare infrastructure and prominent market players. Moreover, due to the rising prevalence of chronic diseases, the demand for drugs where superdisintegrants are required have increased, thereby influencing the market.

The Asia Pacific region is predicted to expand at the highest pace owing to the high concentration of rapidly emerging markets in this region. Country-level markets like India, China, and Japan have a high demand for drugs due to increased prevalence of chronic diseases. Moreover, with the presence of contract manufacturing organizations for pharmaceuticals and rapidly growing healthcare sector, the market for Superdisintegrants is considered to foster.

Superdisintegrants Market Competitive Dashboard

The prominent players operating the global Superdisintegrants market are Ashland Global Holdings Inc., Avantor Performance Materials LLC, Corel Pharma Chem, Roquette Freres, Asahi Kasei Corporation, Merck KGaA, JRS Pharma, BASF SE, DowDuPont Inc., and DFE Pharma.

Influence Of COVID-19 On Medical Writing Market Projected to Discern Stable Expansion During 2020 to 2025

Medical Writing Market Overview: 

The global medical writing market has evolved exponentially with the expansion of the pharmaceutical and biotechnology industries. The use of medical writing is extensive in pharmaceutical & biotechnology companies. Moreover, the burgeoning CRO industry fosters the growth of the market. With the increase in patent expiration, the need to draft new patents is growing too, which, as a result, drives the medical writing market. Cumulatively led by these factors, the global medical writing market valuation is expected to cross USD 3.25 BN by 2025 at a CAGR of 10.1 % during 2019-2025.

Medical Writing Market Major Players: 

Key players leading the global medical writing market include Freyr Solutions (US), Parexel International Corporation (US), Cactus Communications (UK), IQVIA (US), Covance Inc. (US), OMICS International (India), SIRO CLINPHARM (India), SYNCHROGENIX (US), INCLIN, (US), and Clinexa Life Sciences Pvt (Australia), among others. 

Medical Writing Market Drivers & Restraints 

Medical writing comprises scripting of diverse scientific information, preparing regulatory paperwork, and publication of documents related to drug discovery, clinical trials, and several other written communication work intended for regulatory bodies, health care providers, researchers, the general public, etc.

Medical writing requires medical knowledge and understanding of drug development and regulatory guidelines. It plays a vital role in the success of various clinical trials and research projects. It is quite challenging to handle pre-approval regulatory writing, develop a scientific platform & publication plan, promotional & educational materials, all at once by a single company. Hence, this medical writing has been the preferred model for quite some time now. 

Hiring a medical writing vendor benefits, not just the pharmaceutical companies but also to the patients and society ultimately. Resultantly the global medical writing market has been making quite a stride over the last few years. Increasing demand for regulatory paperwork in the pharmaceutical and biopharmaceutical industry is a significant driving force behind the growth of the market. Besides, rising patent expiration has been leading to increasing the demand for medical writers in recent years.

Substantial investments made in the rising numbers of research and development activities in the pharma & biotechnology industries are directly linked to the growth of the market. As various companies and government bodies are investing in R&D of clinical trials, the demand for clinical writing is increasing. Also, medicines are becoming more complex nowadays, and the pharmaceutical industry is becoming increasingly focused on their core competency of drug discovery.  

Consecutively, pharma companies are getting heavily reliant on outsourced partners for non-core capabilities, such as medical writing. The increased reliance in terms of strong, highly credentialed, and responsive service providers to assist with the publication, regulatory, and promotional strategies offers an exciting opportunity for the medical writing industry. However, factors such as stringent government regulatory policies are restraining the growth of the market. 

Medical Writing Market – Segments

The Medical Writing Market report has been segmented into four major dynamics.

By Type: Clinical Writing, Scientific Writing, Regulatory Writing, Disease & Drug-Related Writing, and others.

By Application : Medical Education, Medical Journalism, Medico Marketing, and others.

By End User: Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROS), and others.

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

Global Medical Writing Market – Regional Analysis

North America accounts for the largest share in the global medical writing market, attributing to the well-developed healthcare, pharmaceutical, and biotechnology industries. The presence of major players and pharma & biotechnology companies foster the market growth excellently. Moreover, increasing the consumption of medicines, medical devices, and other pharmaceutical products drive the growth of the regional market.

Furthermore, substantial investments made in the discovery and development of various drugs and medical products impact the market growth positively. Also, rising numbers of researches in biotechnology alongside the burgeoning CRO industry substantiate the growth of the regional market. The North American medical writing market is expected to grow at a substantial CAGR over the forecasted period.

Europe is another lucrative market for medical writing. The presence of some of the best healthcare services propels the growth of the regional market. Moreover, the growth of the healthcare industry and the expansion of various biopharmaceutical industries in the region create a massive demand for medical writing. Indeed, the resurging economy in the region is a dominant factor substantiating the market growth, increasing the healthcare and pharmaceutical industries.

The market size is increasing with the augmenting demand for CMOs and CTOs. Also, increasing government funding initiated to increase the numbers of R&D activities for the drug discoveries, provides impetus to the regional market growth. The European medical writing market is expected to grow at a considerable CAGR over the assessment period.

The medical writing market in the Asia Pacific region is emerging as a profitable market. The region has the world’s largest population and fast-developing healthcare industry. The rapidly growing pharma industry, alongside the healthcare industry, fosters the market growth in the region. Besides, the availability of skilled professional and cost-competitive services allows the region to have the edge over other regions. The APAC medical writing market is expected to grow at a rapid rate during the forecasted period. 

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Medical Writing Market – Competitive Analysis

Highly competitive, the medical writing market appears to be well-established, with many players forming a competitive landscape. The competitive strength of these players is highly dependent on service precision, service pricing, versatility, and service reliability. Service providers operating in the medical writing market strive to offer quality services that are based on best practices. 

Medical Writing Industry/ Innovation /Related News: 

January 23, 2020 —- Nuvisan Pharma Services GmbH & Co KG (Germany), a leading global CRO/CDMO, announced the acquisition of Inamed GmbH (Germany), an international Contract Research Organization (CRO). Nuvisan Pharma provides pharmaceutical research services while Inamed is specialized in clinical trials with patients living with respiratory and rare diseases.

Inamed offers a wide range of clinical trial and related services, such as medical writing, project management, and others. Over the last several years, Nuvisan and Inamed have worked together, collaborating on a number of services. The merger is the logical next step in this long-lasting, successful cooperation.

Impact Analysis of COVID-19 on Implantable Cardioverter Defibrillator (ICD) Market Analysis 2020 by Top Key Players, Future Growth, Revenue Analysis, Demand Forecast To 2025

Implantable Cardioverter Defibrillator (ICD) Market Overview

Implantable Cardioverter Defibrillator (ICD) monitors heart rhythms in the treatments of heart failure cases. ICD sends small electrical impulses to the lower chambers of the heart to help them beat in more synchronized patterns and reduce symptoms. Thus, ICD provides a treatment option to correct heart rates that are too fast and can lead to sudden cardiac arrest. The global implantable cardioverter defibrillator (ICD) market is growing at a rapid pace. 

The growth attributes to the rising prevalence of coronary heart diseases. Besides, reported cases for myocardial ischemia and acute myocardial infarction are providing suitable backgrounds for the market to grow. Also, it is reported that the increased prevalence of diabetes has been fueling market growth. Increased success rates of implantable cardioverter-defibrillators in the treatment of coronary heart disease and myocardial ischemia exponentially increase the adoption of ICDs. 

According to Market Research Future (MRFR), the global implantable cardioverter defibrillator (ICD) market is expected to garner a valuation of 10,425.96 MN by 2025. MRFR also states that in 2018, the global ICD market value had reached USD 6,952.2 MN, which would appreciate further at 5.96%CAGR over the review period (2019-2025). Growing awareness about the benefits that ICDs provide in the treatment of heat-related diseases & disorders is major tailwinds pushing the market growth. 

The rapid increase in the global economy acts as a major driving force behind the growth of the market. Improving economic conditions worldwide are increasingly availing quality care by improving per capita healthcare expenditures. Additionally, substantial investments by public and private organizations made in the developments of advanced implantable cardioverter defibrillator, drive the market growth. Also, technological advances boost market growth, increasing the patient’s preference. 

The subcutaneous ICD technology offers minimally invasive procedures that have a high success rate in the treatment of myocardial ischemia & acute myocardial infarction. Conversely, the high cost of ICDs involved in therapeutic surgeries acts as a major growth impeder for the market. Also, stringent government regulations for product approvals restrict market growth, delaying launches of advanced products. Besides, side-effects related to medications are projected to restrain market growth during the forecast period. 

Implantable Cardioverter Defibrillator (ICD) Market Major Players:

Players leading the global Implantable Cardioverter Defibrillator (ICD) Market include Abbott Laboratories (US), BIOTRONIK (Germany), Boston Scientific Corporation (US), Medtronic (Ireland), MicroPort Scientific Corporation (China), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Progetti Srl (Italy), Fukuda Denshi Co., Ltd (Japan), Getinge (Sweden), and ZOLL Medical Corporation (US), among others. 

Implantable Cardioverter Defibrillator (ICD) Market – Segments

The report is segmented into four dynamics;

By Product: Regular ICD, Cardiac Resynchronization Therapy Defibrillators (CRT-D), Subcutaneous-ICD (S-ICD), and others.

By Indication: Myocardial Ischemia, Acute Myocardial Infarction, Electrolyte Imbalance, Drug Toxicity, and others.

By End User: Ambulatory Surgical Centers, Hospitals & Clinics, and others.

By Regions: Americas, Europe, Asia Pacific, and Rest-of-the-world. 

Implantable Cardioverter Defibrillator (ICD) Market – Regional Analysis

North America dominates the global implantable cardioverter defibrillator (ICD) market. The largest market share attributes to the high adoption rates of cardiac implantable electronic devices in the treatment of prevailing cardiac diseases. Besides, factors such as the presence of many notable players and well-established healthcare sectors in the region positively impact market growth. 

Moreover, high healthcare reimbursements and aging populaces are driving the growth of the ICD market in the region. The North American ICD market is expected to retain its leading position throughout the forecast period.

Europe stands second in the global implantable cardioverter defibrillator market. The market growth is majorly driven by the rapidly growing prevalence of cardiac diseases.  According to the European Cardiovascular Disease Statistics, in 2017, around 45% of deaths occurred in Europe were due to Cardiovascular Diseases (CVD).

Also, factors such as the augmenting demand for cardiac treatments and preventive screening, foster the regional market growth. Germany, heading with its large medical devices industry, dominates the ICD market in Europe. The European ICD market is expected to create a substantial revenue pocket over the assessment period.

The Asia Pacific implantable cardioverter defibrillator market is projected to grow rapidly. Factors such as the changing regulatory scenario, rising healthcare expenditures, and increasing prevalence of cardiovascular diseases drive the regional market growth. Besides, high incidences of diabetes that lead to cardiovascular diseases such as myocardial ischemia in the region are estimated to fuel the market growth.

Furthermore, major ICD players operating at a global level that are focusing on mergers and acquisitions support the growth of the regional market. China provides a huge impetus to the ICD market in the Asia Pacific region, followed by India. The APAC ICD market is estimated to grow at a phenomenal CAGR during the review period. 

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Implantable Cardioverter Defibrillator Market – Competitive Landscape

Highly competitive, the ICD market appears fragmented, due to the presence of several major players. The extensive fragmentation is resulting in higher price competition and a fall in profit margin. Hence, to remain at the front of the competition, players incorporate strategies such as mergers & acquisitions, collaborations, expansion, and product/ technology launch. However, the market is commoditized, and there exists little room for differentiation strategies. 

Manufacturers stay focused on product development and invest substantially to drive R&D, clinical trial, and regulatory approvals to tackle this. Another strategy adopted by manufacturers is to develop close relationships with cardiac hospitals and service agreements. They use a variety of distributions channels to generate significant sales of their product. Companies are also focusing on developing regions, especially India, is experiencing a sharp growth in ICD demand. 

Implantable Cardioverter Defibrillator (ICD) Industry/ Innovation/ Related News:

May 11, 2020 —– Medtronic plc. (Ireland), a medical device company, announced receiving the US FDA approval for its Cobalt & Crome implantable ICDs and cardiac resynchronization therapy-defibrillators (CRT-D). According to the company, its high power devices offer connected health, which further helps clinicians to program & operate from a physical distance, thereby reducing potential exposure to the virus that causes COVID-19.

The devices use the MyCareLinkHeart mobile app, along with other exclusive features such as TriageHF Heart Failure, Risk Status, CareAlert notifications, and Intrinsic ATP (anti-tachycardia pacing). The Cobalt and Crome devices received CE mark approval in January 2020.

Impact Analysis of COVID-19 on Health Insurance Market Analysis 2021 by Top Key Players, Future Growth, Revenue Analysis, Demand Forecast To 2025

Health Insurance Market Analysis

The global health insurance market size is predicted to touch USD 141.3 billion at a 4.1% CAGR between 2019- 2025, reveals the new Market Research Future (MRFR) report. Health insurance, simply put, is an insurance cover that pays for surgical, medical, and dental expenses incurred by the insured.  

Various factors are adding to the global health insurance market share. These factors, as per the new MRFR report, include advancement in research and development activities in the medical sector, increase in per capita disposable income, growing government initiatives, increasing health expenditure, adoption of social media to create health awareness, and rising geriatric population.  

On the contrary, strict rules and regulations, and poor track record of claim settlement are factors that are likely to impede the global health insurance market growth over the forecast period. 

Health Insurance Market Segmentation  

The Market Research Future Report provides an inclusive segmental analysis of the global health insurance market based on service providers, period, type, and demographics.  

Based on demographics, the health insurance market is segmented into senior citizens, adults, and minors. Of these, the adult segment will lead the market over the forecast period for rising awareness among youths regarding health and an increase in the adult population.  

Based on type, the global health insurance market is segmented into preferred provider organizations (PPO), point-of-service (POS) plans, exclusive provider organizations (EPOs), and health maintenance organizations (HMOs). Of these, preferred provider organizations will dominate the market over the forecast period as this is budget-friendly at the start.  

Based on period, the health insurance market is segmented into term insurance and lifetime coverage. Of these, lifetime coverage will have a major share in the market over the forecast period as it offers the policyholder with lifetime coverage.  

Based on service providers, the health insurance market is segmented into both private as well as public. The public segment is further segmented into Medicare and Medicaid. The private segment is further segmented into complimentary private health insurance, supplementary duplicate private health insurance, private health insurance, & primary private health insurance. Of these, the private segment will spearhead the market over the forecast period for the increasing number of private players and hassle-free health insurance schemes offered by them.  

Health Insurance Market Regional Analysis 

Based on the region, the global health insurance market report covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period for various industry players launching new insurance ideas for people’s welfare and growing awareness about chronic diseases. The US is the major contributor in the region for the expansion of health insurance coverage implemented with the Affordable Care Act.  

The health insurance market in Europe is likely to possess the second-largest share during the forecast period. Factors propelling the health insurance market growth in the region include increasing geriatric population, rise in government spending on healthcare, favorable reimbursement scenario, availability of funds in innovation & research, and technological advances.  

The health insurance market in the Asia Pacific region is predicted to have phenomenal growth over the forecast period. Factors fuelling the health insurance market growth in the region comprise a rise in medical tourism, uses of advanced technologies, lenient regulations, burgeoning demand for chronic disease treatment, and the launch of innovative health insurance policies. China & India are the key contributors in the region as companies in India are concentrating on the rural population while in China on the aging population. They are putting in efforts to boost health insurance penetration. Net profit margins in the region are also high, led by Singapore and Hong Kong.  

The health insurance market in the MEA is predicted to have the smallest share during the forecast period for the low economic developments in African regions.  

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Health Insurance Market Key Players 

Eminent players profiled in the health insurance market report include HealthCare International (UK), MultiNational Underwriters (US), CIGNA (US), Expacare (UK), International SOS (Asia), Aetna (US), IHI-Bupa (UK), Allianz SE (Germany), MediCare International (UK), William Russell (UK),, Blue Cross (US), and Integra Global Health Limited (UK).  

Health Insurance Industry News 

April 2020: With an aim to offer health insurance to all, leading insurance regulator IRDAI (Insurance Regulatory & Development Authority of India) has introduced Arogya Sanjeevani, a standard health insurance policy that must be provided by all standalone and general health insurers. Insurance companies such as Manipal Cigna, SBI General, and HDFC Ergo have already launched it, and other insurers soon may follow.  

Acoustic Neuroma Market Analysis 2021 by Future Growth With Impact Analysis of COVID-19, Revenue Analysis, Demand Forecast

Acoustic Neuroma Market Overview

Acoustic neuroma is a non-cancerous (benign) tumor that grows on the vestibulocochlear nerve, which connects the brain and inner ear. It is a non-dangerous condition until its expansion presses other vital brain parts. On observing the current trends, the global acoustic neuroma market is projected to touch a 08 % annual growth mark during the survey periods.

This disease grows slowly and may take several years to develop with symptoms like dizziness, degrading hearing power, loss of balance and others but does not spread to the other body parts. Acoustic neuroma is a very rare disease and is more vibrant among women and middle-aged groups rather than young generations.

The companies are working towards searching for cost-effective measures and treatment methods to help the market expand. However, due to rigid regulations against costly treatments are somehow damaging the market’s growth rates. With the expansion in the market and technologies, the launch of new therapies and procedures will help the market with respect to current and future aspects. 

Global Acoustic Neuroma Market segments

The global acoustic neuroma market is segmented into four parts, which are:

Types: Acoustic neuroma is of two kinds, namely unilateral vestibular schwannomas and bilateral vestibular schwannomas.

Treatments: Middle fossa, surgical removal, radiation therapy, single-fraction stereotactic radiosurgery, and other types of diagnoses are there.

Drugs: Painkillers, corticosteroids, anticonvulsants, and osmotic diuretics drugs are present for acoustic neuroma.

End-Users: Major healthcare facilities like hospitals, clinics, research institutes, and others are the major end-users.

Acoustic Neuroma Market Regional Summary

America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global acoustic neuroma market.

The American region is the current market leader with The North American region, the largest shareholder. The emphasis towards disease eradication, well-established healthcare facilities, presence of key market leaders and other factors are responsible for the seamless growth in this market. The European region is the second-largest market due to increasing awareness about new diseases, increasing research & development programs and other factors.

The Asia Pacific region is the next market in this tally and will emerge as the fastest-growing market. Increasing patient counts, large population covers, improving healthcare facilities, research & development programs, and other factors are driving the market towards healthier futures.

The rest of the regions are growing at sluggish rates due to the least awareness and struggling economic structures.

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Acoustic Neuroma Market Key Players

Some of key the players in the global acoustic neuroma market are GE Healthcare (U.S.), Siemens Healthcare(U.S.), Philips Healthcare (U.S.), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), F. Hoffmann-La Roche Ag, Merck & Co., Inc., Novartis AG, Pfizer Inc., and others

Acoustic Neuroma Industry News

The global acoustic neuroma market is still in the growing stages and is holding a small share in the market due to less occurrence of this disease. In future aspects, the increasing populations and disease counts will accelerate the market, but costly treatments are hindering the market’s growth rates. The companies are trying to search for cheaper treatment procedures and spreading awareness about this disease. The American region, with The North American region major shareholder, is the current market leader and will stay at the top during the survey period. In contrast, the Asia Pacific region will emerge as the fastest-growing market.

Medical Drones Market Analysis By Industry Size, Share, Revenue Growth, Development And Demand Forecast To 2025

Medical Drones Market Key Players

Zipline (US), DJI (China), DHL (Germany), TUDelft (Netherlands), Flirtey (US), Embention (Spain), Matternet (US), Vayu (US), EHang (China) are the active key players contributing to the market’s expansion.

Medical Drones Market Scope

The medical drones market 2020 has offered some of the past decade’s best investment opportunities. Now, however, the prediction looks more promising as Market Research Future, in its study, has presented a high expected valuation of the market that is going be to USD 398 Million by 2025. This value of the market can be achieved after agreeing to rise at a CAGR of 24.4%, during the forecast period 2019 to2025.

Medical Drones Market: Overview

The market of medical drones has the potential to progress at a rapid pace as the medical industry is advancing to a great extent. Government and private medical providers are increasingly relying on machine learning and technology-oriented medical practices to analyze troves of effects as they seek new medical procedures for curing health issues more efficiently. With this, increasing government initiatives aimed at developing unarmed Arial vehicles has also encouraged technological innovations in a broader way that resulted in the progression of medical drones, which impacted the medical drones’ market.

A prominent case of point occurred in 2018, where the government of Tanzania and DHL partnered to launch a medical drone delivery program. It was aimed towards delivering and distribute blood, life-saving medications, and vaccines. The government’s main intention behind these initiatives was to save the lives of people by providing medications in the hour of need. Renowned industry players such as DHL, Embention, DJI, Matternet, Flirtey, Vayu, and Zipline are implementing strategies of expanding distributional channels in untouched locations, collaborations, and new product launched to garner a higher share of the market.

In 2019, a prominent industry player Zipline planned for expansion in medical drone delivery in Ghana location. The medical drones delivered vaccines to remote areas of the Africa region. All these activities encouraged the use of medical drones, thus resulting in a high expansion of medical drones market at a global level.

Top Market Drivers & Key Challenges

The growth of the medical drones’ market is primarily correlated to the growing applications of drones in the healthcare sector. Medical drones have proved to be beneficial in this sector for its eminent growth. Drones cater to the urgent needs of patients in regards to medicines, blood products, vaccines, and other medical products in local areas. Such rapid delivery helps healthcare professionals to provide quick treatment and save a life. With this, the usage of a medical drone can assist in delivering medicine to the bedside of a patient resulting in less error in medication administration. This array of applications of medical drones will augment business growth is the assessment period.

Further, MRFR, in its study, opines that the growth of the global medical drones market is also driven by more factors such as low cost of equipment and increasing research and development activities by government bodies. Additionally, the increasing penetration of medical drones in the cases of emergency yet another factor boosting the market of medical drones substantially in the forecast period.

On the contrary, the factor of approval regulation for the product has hindered the commercialization of medical drones. This says that drones are not allowed to fly freely without the permission of the government is hampering the growth of the medical drones market for future prospects.

Medical Drones Market: Segmentation

The analysis of the global medical drones market has been carried out by MRFR experts. This segmentation includes primary segments of application and end-user.

The medical drones’ market, considering the segment of the application, includes blood transfer,  pharmaceutical/drug transfer, and vaccines transfer. The blood transfer segment is proliferating due to the rising occurrence of severe bleeding deaths, thus boosting the demand for medical drones. The blood transfer segment is likely to present a growth rate of ~24% during the assessment period. In the MRFR analysis, experts studied that each year, approximately 60,000 Americans die from blood loss or hemorrhaging. Even, around 2 million people die across the globe due to unsuccessful reach of treatment on time. With this, the pharmaceutical/drug transfer segment is rising, with increasing focuses on essential medical drones and the development of medication delivery. 

The medical drones’ market having a segment of end-user, includes emergency medical services and blood banks. Among these, the segment of emergency medical services occupied the largest market share back in 2018, owing to continuous advancements happening in technology. Whereas, the blood banks segment was valued more than USD 31 million in 2018. Medical drones usually transfer blood, plasma, and platelets from blood banks to hospitals and clinics in remote places.

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Medical Drones Market: Regional Outlook

In 2018, the Americas was noted as the largest regional market in 2018. The reason behind being the largest regional market was rising technology advancement. Even the governments in this region are also promoting the acceptance of medical drones, resulting as players are actively working to develop advanced drones. Back in October 2019, United Parcel Services (US) received an authority from the Federal Aviation Administration to deliver medical packages at hospitals in the entire country.

The European market also has a promising future to become the second-largest market in 2025. The market growth in this region is mainly attributing to government funding and support to the healthcare sector, coupled with rising research and development.

Asia-Pacific region is also becoming the fastest-growing region for the medical drones market due to the improving healthcare infrastructure, mounting investments in healthcare, and expansions by market players. The participating countries such as India and China are expected to be the fastest-growing as the focus of governments here is towards the adoption of new technologies and faster adoption of best treatment options for people suffering.

The Middle East & Africa region is projected to occupy the least share of the global market for having an underdeveloped healthcare sector.

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