Market Insights
The non-invasive nature of optical coherence tomography (OCT) and its ability to generate a false-color depiction of tissue structure has made the global market for OCT highly lucrative. OCT is comparable to ultrasound imaging, with the principal difference that the technology uses light instead of sound. Research & development of the technology has led to efficient, fast and accurate OCT devices which have branched out from ophthalmology to include medical applications in dermatology, and cardiology among others, thus facilitating growth. Market Research Future's report on the Optical Coherence Tomography Market to gain a valuation of USD 15.50 Billion by 2030 at 15.5% CAGR.
Prevalence of eye diseases and the rising occurrence of cardiac conditions have motivated market growth. Rising demand for OCT has led to R&D for technological advancements which in turn is expected to increase market growth further. Presently, although there are many applications for OCT devices, they are primarily used in ophthalmology, this indicates unrealized potential yet to be explored which will likely push demand for this technology in the coming years.
High costs associated with portable optical coherence tomography may hamper growth. However, increasing use in various applications, supportive government regulations and favorable reimbursements are likely to mitigate this challenge to a great extent.
Market Segmentation
The optical coherence tomography market has been segmented by technology, application, type of devices and region.
By technology, the market has been segmented into spectral-domain OCT (SD-OCT), swept-source OCT, and others. The SD-OCT segment is predicted to dominate with approximately 60% share of the total market during the forecast period. Meanwhile, swept-source OCT is the fastest growing segmented and is expected to grow at CAGR of 9.1% during the review period.
By application, the market has been segmented into cardiology, ophthalmology, dermatology, oncology, and others. Ophthalmology has the most significant segment with over 53% of the market share. However, dermatology is the fastest growing application segment and is expected to grow at a considerable 9.3% CAGR during the forecast period.
By type of devices, the market has been segmented into handheld OCT devices, tabletop OCT devices, catheter-based OCT devices, and others.
By region, the market has been segmented into the Americas, Europe, Asia Pacific and the Middle East and Africa.
Regional Analysis
The Americas hold the largest share with nearly 37% of the global market share. Increasing occurrence of diabetic retinopathy and other eye diseases is one of the key factors driving the growth of the market. Moreover, there is a strong presence of market leaders. MRFR as predicted that region will reach an evaluation of approximately USD 558.34 million by 2023.
Europe follows the Americas lead and is expected to maintain a strong second lead due to supportive government policies and research & development carried out by private players is the primary propeller for the growth of the OCT market over the forecast period. The region is expected to closely follow the growth pattern of the Americas.
The Asia-Pacific region, is predicted to be the fastest growing region with a CAGR of 9.4% during the forecast period. A massive patient population in the region with a rising incidence of eye diseases and diabetic retinopathy is expected to fuel rapid growth for the region. International market leaders are trying to enter this region, and this is likely to facilitate growth in the coming years further.
The Middle East & Africa are expected to experience limited growth. This is primarily due to the passive development in the African continent.
Key Players
Market leaders have been featured in the report to provide a comprehensive understanding of the competitive landscape. Prominent players included in the report are Imalux Corporation, Optovue, Michelson Diagnostics, Carl Zeiss AG, Alcon, Abbott Laboratories, Terumo Corporation, KONINKLIJKE PHILIPS N.V, B. Braun Melsungen AG, Boston Scientific Corporation, OPTOPOL Technology S.A, Heidelberg Engineering GmbH, Topcon Corporation, NIDEK Co., Ltd, Novacam Technologies Inc, Thorlabs Inc., and Agfa Healthcare
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Market Synopsis
Vaccines administered to children to prevent them from several infectious and non-infectious diseases are referred to as pediatric vaccines. They are either heat-killed or inactivated viruses which lose their pathogenicity. These inactivated antigens stimulate the immune system so that they can produce antibodies against the infected virus. The pediatric vaccines market is expected to reach USD 35.52 Billion by 2030 at 9.90% CAGR during the forecast period 2022-2030.
Potential and Pitfalls
Various pediatric vaccines available in the market are hepatitis B antibody, flu immunization, meningococcal immunization, pneumococcal immunization, rotavirus immunization, Hib antibody, polio antibody, and MMR immunization. With growing economic growth, rising awareness associated with the benefits of vaccination in prevention of diseases, and favorable reimbursement, the global market for pediatric vaccine is anticipated to flourish during the estimated period. The growing collaboration of local manufacturers with the major market players to deliver high-quality vaccines in the remote areas are further considered to foster the market growth in the coming years. Moreover, high prevalence of chronic diseases is one of the key factors boosting the global market. Infants are more prone to severe diseases, and therefore vaccination plays an important role in their prevention.
Competitive Dashboard
The major players operating the global pediatric vaccines market are Zydus Cadila (India), S K Chemicals (South Korea), AstraZeneca (UK), Bio Med (India), Sanofi Pasteur SA (France), Bharat Biotech (India), Shenzhen Kangtai Biological Products (China), Sinovac Biotech (China), Pfizer Inc. (U.S.), Nuron (U.S.), CSL Limited (Australia), Merck & Co. Inc. (U.S.), Mitsubishi Tanabe Pharma Corporation (Japan), Daiichi Sankyo (Japan), Protein Sciences Corporation (U.S.), Dynavax Technologies (U.S.), LG Life Sciences (India), Kaketsuken (U.S.), Emergent BioSolutions Inc. (U.S.), Crucell (Netherlands), GlaxoSmithKline plc (U.K.), Grifols (Spain), Bharat Immunologicals and Biologicals (India), Lupin Pharmaceuticals, Inc. (India), Panacea Biotec (India), Serum Institute of India Pvt. Ltd. (India), Bavarian Nordic (Denmark), Novartis AG (Switerzland), Astellas Pharma Inc. (Japan), Johnson & Johnson (U.S.), bioCSL Inc. (U.S.), Takeda Pharmaceutical (Japan), MedImmune LLC (U.S.), Indian Immunologicals (India), Baxter International (U.S.), Valeant Pharmaceuticals (U.S.) and others.
Global Pediatric Vaccines Market: Segmental Analysis
The global pediatric vaccines market has been segmented on the basis of technology, type, route of administration, disease indication, and region.
By mode of type, the global pediatric vaccines market is segmented into multivalent vaccines, monovalent vaccines, and others.
By mode of technology, the global pediatric vaccines market is segmented into conjugate vaccines, dendritic cells vaccines, pediatric mobility devices, recombinant vaccines, inactivated and subunit vaccines, live attenuated vaccines, synthetic vaccines, toxoid vaccines, and others. Among these, the conjugate vaccines segment is likely to dominate the market owing to the increasing prevalence of meningococcal and pneumococcal infections.
By mode of disease indication, the global pediatric vaccines market is segmented into hepatitis, meningococcal disease, MMR (measles, mumps, and rubella), rotavirus, polio, combination vaccines, varicella, pneumococcal disease, haemophilus influenza type B, influenza, DTP (diphtheria, tetanus, pertussis), and others.
By mode of route of administration, the global pediatric vaccines market is segmented into subcutaneous administration, intramuscular administration, oral administration, and others.
Regional Insights
Geographically, the pediatric vaccines market span across regions namely, Europe, America, the Middle East and Africa, and the Asia Pacific region.
Among all the regions, America is considered to hold the largest market share and is likely to maintain its dominance during the assessment period. The growth is mainly attributed to the increasing initiatives taken by the U.S. Department of Health and Human Services in order to minimize the occurrence rate of infectious diseases
Europe is presumed to register a significant growth rate owing to the superior government spending like the National Health Service for the deployment of medical and pharmaceutical industries.
Asia Pacific is estimated to expand at a rapid pace owing to the increasing healthcare sector in the leading regions such as India and China. The Middle East and African region are also likely to expand at a steady pace due to extensive research and development activities coupled with the development in the healthcare infrastructure in this region.
Seborrheic Keratosis is a non-cancerous skin condition that is common in older adults. Skin growths on shoulders, back, abdomen, scalp, face, and chest may appear when suffering from the disease. The Seborrheic Keratosis Market is projected to reach USD 3.4 Billion by 2030 at 5.80% CAGR during the forecast period 2022-2030, asserts Market Research Future in an extensive study. Elevating consumer inclination towards aesthetics and growing awareness regarding physical appearance urge people to opt for the treatment of Seborrheic keratosis. Seborrheic keratosis can be easily treated with Cryosurgery where liquid nitrogen is used to prevent further growth. Also, in recent years, surgeries involving cosmetic procedures have entered the mainstream which spurs the growth of the market.
Notable improvements in treatment methods and the availability of diverse treatment options have contributed to the growth of the market. Other driving factors include extensive R&D efforts, surging prevalence of the disease, improving reimbursement scenario and availability of cost-effective treatment options. Conversely, the growth of the global Seborrheic Keratosis market might be hampered by post-surgery side effects, high costs associated with treatment which might limit market growth in price-sensitive and developing regions.
Competitive Landscape
The notable players in the global Seborrheic keratosis market include Quantumpm, Becton Dickinson and Company, Quanta Systems S.p.A., Aclaris Therapeutics, THOR Photomedicine, Syneron Medical Ltd., Cutera, Angiodynamics, Inc., Erchonia Corporation, Valeant, Lumenis, BioLight Technologies LLC, Alma Lasers, KAI Medical, IRIDEX Corp., Integra Miltex, Coherent, Inc., Apira Science Inc., Biolase Inc., and Theralase Inc.
Segmentation
The global Seborrheic keratosis market has been segmented based on type, diagnosis, treatment, and end user.
By type, the global Seborrheic keratosis market has been segmented into stucco keratosis, inverted follicular keratosis, reticulated Seborrheic keratosis or adenoid seborrheic keratosis, clonal seborrheic keratosis, seborrheic keratosis with squamous atypia, melanoacanthoma, dermatosis papulosa nigra, seborrheic keratosis, and irritated seborrheic keratosis.
The common seborrheic keratosis segment has been further segmented into basal cell papilloma and solid seborrheic keratosis.
The stucco keratosis segment has been further segmented into digitate seborrheic keratosis, serrated seborrheic keratosis, verrucous seborrheic keratosis, and hyperkeratotic seborrheic keratosis.
By diagnosis, the global seborrheic keratosis market has been segmented into skin biopsy and others.
By seborrheic keratosis treatment, the global seborrheic keratosis market has been segmented into surgical procedures, medication, medical procedures, seborrheic keratosis treatment and others. The surgical procedures segment has been further segmented into cryosurgery, electrocautery or electrosurgery, curettage, and others. The medical procedures segment has been further segmented into freezing, tissue scraping, laser therapy, and others.
By end user, the global the global seborrheic keratosis market has been segmented into hospital, clinics, diagnostic centers, pharmacies, and others.
Regional Analysis
The Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are the key markets for seborrheic keratosis. The Americas dominate the global seborrheic keratosis market on account of surging awareness regarding the condition among the consumers and high expenditure on healthcare. The prevalence of seborrheic keratosis is also considerably high in the region which generates high demand for diagnosis and treatment. As per a report published in the Journal of Drugs in Dermatology in 2015, seborrheic keratosis affects more than 83 Mn Americans.
Europe commands the second largest position in the global seborrheic keratosis market. government support in the form of funding for R&D, the presence of private organizations who are engaged in extensive R&D and favorable reimbursement policies in the region drive the growth of the Europe Seborrheic keratosis market.
APAC is projected to be the fastest growing market for Seborrheic Keratosis. Presence of a vast patient pool, development of healthcare technology and the growing participation of market players in the region are stimulating the growth of the APAC market.
The MEA market is expected to account for the least share of the global market due to lack of medical facilities and affordability in the region. Moreover, the lack of awareness about the condition is also a market deterrent.
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Market Insights
The chronic kidney disease market is expected to grow at a CAGR Of 5.40% during the forecast period 2022-2030. Rising occurrences of chronic diseases and the severity of kidney disease has increased the demand for an effective treatment option for the disease. Causes of chronic diseases are often indicated by diabetes, polycystic kidney disease, and high blood pressure among others.
Increasing R&D activities with regards to diagnostics and treatment are expected to offer market growth opportunities in the future. Moreover, developing economies offer a wider scope for growth during the forecast period and are expected to affect the market positively.
Increasing prevalence of kidney diseases and the increased number of biopsy procedures have resulted in high demand for new diagnostic and treatment options for such chronic diseases. The global chronic kidney disease market has become highly competitive with the increasing entry of new market players; this is expected to stimulate growth during the forecast period. Kidney disease symptoms are often negligible in the initial phases, and this type of disease is widely referred to as a "silent disease" as detection often happens when the diseases are progressed to a later stage. This has increased the need for appropriate diagnostic measures and is driving market growth.
Market Segmentation
MRFR's report segments the global chronic kidney disease market on the basis of diagnosis, treatment, indication, and end-user. By diagnosis, the market is segmented into blood test, urine test, imaging test, and kidney biopsy. By treatment, the market is segmented into drugs, dialysis, and kidney transplant. Drugs are further sub-segmented to include ace inhibitors, angiotensin-ii receptor blockers, calcium channel blockers, beta-blockers, and erythropoiesis-stimulating agents.
By indication, the market is segmented into Type 1 or Type 2 diabetes, high blood pressure, polycystic kidney disease, and others. By end-user, The market is segmented into hospitals and clinics, diagnostic centers, and others. Globally, the market is divided into the Americas, Europe, Asia-Pacific & the Middle East and Africa.
Regional Analysis
The Americas and Europe are significant regional markets which have a similar growth pattern. The growth of medical devices, increasing awareness regarding kidney diseases and the rapid increase in occurrences of chronic diseases is expected to drive growth in these regions. Moreover, they display a robust demand for new treatment methods and options. Opportunities for these markets are being driven by the increasing emphasis on the development of new drugs. Supportive government legislature with regards to research & development and the availability of funds for research in these regions is expected to push the market in a forward direction.
Asia-Pacific is another important market due to its rapid growth. Prevalence of diseases such as diabetes and cardiovascular diseases are driving the demand for appropriate treatment options. The region has a rapidly improving healthcare sector which has improved infrastructure, and a wide pool of skilled healthcare professionals. Demand for advanced treatment technologies and other healthcare technology is expected to provide the market with opportunities for market expansion.
Key Players
MRFRs report includes the analysis of market players participating in the global chronic kidney diseases competitive landscape. Top market players include Hoffman-La Roche Ltd., Abbott, AstraZeneca Plc, Pfizer, Nova Biomedical, ARKRAY, OPTI Medical, and AbbVie to name a few.
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Market Synopsis:
The Dietary Supplements in the Age of Personalized Nutrition Market is expected to reach USD 21,198.44 Million by 2030 at 6.70% CAGR during the forecast period 2022-2030.Increasing awareness regarding the necessity of nutrients in daily diet and rise in popularity of fitness programs are primarily propelling the expansion of the global dietary supplements in the age of personalized nutrition market. Increasing incorporation of technologically advanced research and manufacturing processes in the pharmaceutical and healthcare industry along with the high demand for personalized medication are also fueling the growth of the global dietary supplements in the age of personalized nutrition market. However, concerns regarding the side effects cause by these supplements are likely to act as restraining factors for the growth of the global dietary supplements in the age of personalized nutrition market during the forecast period.
Key Players:
The major players profiled by MRFR that are operating in the global dietary supplements in the age of personalized nutrition market are Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbott Laboratories, Herbalife International, Amway, Danisco, Glanbia, Bayer AG, GlaxoSmithKline plc, Pfizer Inc., Balchem Corporation, Natures Product Inc., Bactolac Pharmaceutical Inc. and others.
Regional Analysis:
The global dietary supplements in the age of personalized nutrition market has been geographically segmented into four major regions such as the Americas, Europe, Asia Pacific and the Middle East and Africa. Among these, the Americas command for the major share in the global dietary supplements in teh age of personalized nutrition market owing to the presence of leading manufacturers, high healthcare expenditure by the population of this region and utilization of advanced technology for the production of personalized drugs and supplements in this region. Increased research in the nutrition industry for the development of personalized dietary supplements by studying the DNA, dietary habits and other factors in an individual is majorly propelling the expansion of teh dietary supplements in the age of personalized nutrition market. Improving economic conditions, increasing geriatric population, government support for research and development in teh healthcare sector and rise in awareness regarding the health benefits of dietary supplements are boosting the dietary supplements in the age of personalized drugs market in the Asia Pacific region. Whereas, low penetration of proper healthcare services and lack of awareness among the population of the underdeveloped regions are leading to the slow growth of the dietary supplements in the age of personalized nutrition market in the Middle East and Africa market.
Market Segmentation:
The global dietary supplements in the age of personalized nutrition market has been segmented on the basis of product category, gender, application, dosage form and end user. Based on product category, the market has been segmented into vitamins, herbs & botanicals, sports supplements, dietary supplements ingredients, meal supplements, minerals and other. Based on application, the market has been segmented into lifestyle diseases, inherited diseases, genetic predispositions and others. Based on gender, the market has been segmented into female and male. The female segment has been sub-segmented into 55 + age group, 35-54 age group, 19-34 age group, and 0-18 age group. The male segment has also been sub-segmented into 55 + age group, 35-54 age group, 19-34 age group, and 0-18 age group. Based on dosage form, the market has been segmented into tablets, capsules, powder, liquids, soft gels and others. Based on end users, the market has been segmented into hospitals & clinics, home care, and others.
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Diabetic Nephropathy Market was valued USD 2.48 billion in 2021 and is expected to reach USD 3.43 billion by 2030 at 6.20% CAGR during the forecast period 2022-2030. This can be attributed to rising cases of obesity and diabetes. Immense demand for diagnostic and imaging tests such as kidney biopsy, blood test, urine test, CT scan, and MRI scans can fuel the market demand. According to the World Health Organization, patients with chronic diseases touched a high of 35 million globally.
Diabetic nephropathy, known as diabetic kidney disease (DKD), is a kidney malady frequently found in patients with type 1 and type 2 diabetes. High prevalence of diabetes globally has culminated in diabetes co-morbidities. It can cause nephropathy which would require dialysis or a transplant. The global diabetic nephropathy market report by Market Research Future (MRFR) provides a quantitative and qualitative analysis by listing out trends, factors, and restraints with ample figures and statistics to back up the evidence.
Technological advances in diagnostic imaging and emphasis on early diagnosis for prevention of diseases are other drivers of the market. The expansion of the healthcare sector and availability of these tests at reputed hospitals and clinics can lend credibility to the trend. Rising number of clinical trials conducted to test the success of drugs for inhibiting the progress of DKD can provide new growth avenues. Angiotensin converting enzyme inhibitors (ACEi) have been known to have moderate success in clinical trials with placebo treatment in reducing the risk of death in patients with diabetes.
Competitive Outlook
Bayer AG, Siemens AG, AbbVie Inc., Eli Lilly and Company, Mitsubishi Tanabe Pharma Corporation, Reata Pharmaceuticals, Inc., Pfizer Inc., Abbott, Merck & Co., Inc., General Electric Company, Novartis AG, Sanofi, and others are some of the noteworthy players in the global diabetic nephropathy market. Increased investments in research and development and drug discovery pertaining to chronic kidney disorders are the main focus of these players.
Segmentation Analysis
The global diabetic nephropathy market is segmented by diagnosis, treatment, indication, and end-user.
By diagnosis, it is segmented into imaging tests, urine tests, blood tests, renal function testing, and kidney biopsy. By treatment, it is segmented into kidney dialysis, medications, and transplant. By indication, it is segmented into diabetes 1 and diabetes 2. By end-user, it is segmented into research institutes, hospitals & clinics, diagnostic centers, and others.
Regional Analysis
Europe, the Americas, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions covered in the diabetic nephropathy market report.
The Americas are pegged to lead the global market till 2023 due to emphasis on diagnostic tests, constant monitoring of insulin levels, and large prevalence of chronic kidney disease (CKD). According to the U.S. National Chronic Kidney Disease, nearly 39 million Americans have CKD as of 2019. Large awareness levels can drive the regional market demand. This is exemplified with the American Diabetes Association for creating programs among diabetics for diabetes management.
The European region is deemed to be driven by kidney diagnosis tests for the geriatric populace combined with demand for diagnostic services. Germany is touted to be one of the biggest regions due to investment in new technologies and favorable reimbursement policies. High awareness of diabetes and its negligence which can cause kidney disorders is likely to drive the regional diabetic nephropathy market.
On the other hand, the APAC region is the third biggest globally and will sustain its ranking till the end of the forecast period. High prevalence of diabetes in Thailand, China, Japan, and India combined with chances of DKD in the region due to low patient awareness levels can work favorably for the market. The large geriatric population in these countries can also count as a viable factor driving the global diabetic nephropathy market growth.
Overview:
Amniotic membrane is quite important for body to initiate healing. It is a combination of tissues and cells, which acts as a foundation for re-growth of soft tissues. Amniotic membrane has wide-scale utility in eye surgery that acts like a biological bandage. The process heals or replaces eye tissues that are damaged. Amniotic Membrane market value estimation of USD 1.69 Billion by the end of 2030 at CAGR of 4.3%. Market Research Future (MRFR) declared the possibility for the amniotic membrane market exceeding the predicted valuation is quite high.
The amniotic membrane market can rely on substantial surge in amniotic membrane-based transplantations globally. Also, health-related awareness is on the rise, which is expected to spur the global market growth.
Competitive Landscape:
Several companies are experiencing substantial growth due to the surge in the ingress level of the amniotic membrane market. These companies have been profiled by MRFR in their report on the same market for a better understanding of strategic moves and trends that can inspire market change. These companies are Applied Biologics (US), Alliqua BioMedical, Inc. (US), Integra LifeSciences (US), Skye Biologics Inc. (California), MiMedx (US), Amniox Medical, Inc. (Florida), Katena Products, Inc. (US), Human Regenerative Technologies, LLC (US), Amnio Technology, LLC (US), and Osiris Therapeutics, Inc. (US).
Regional Analysis:
MRFR in their region-specific take on the global amniotic membrane market includes namely, the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). This region-specific segmentation allows a closer look at the growth pockets that unravels later market possibilities.
The Americas had the largest market share and it covered around 37.6% in 2017 and at present, it is slated to score an impressive CAGR of 13.28%during the forecast period. The APAC market is geared up to record the fastest CAGR during the forecast period. It has a huge market potential and can achieve 13.60% CAGR during the forecast period.
Europe has the potential to surpass USD 681.71 million valuation by 2023. Several issues like pterygium, cicatricial pemphigoid & Stevens-Johnson syndrome, conjunctival surface reconstruction, persistent epithelial defects with ulceration, and ocular surface reconstruction in patients with chemical & thermal burns in Europe are steering the amniotic membrane market growth in Europe. Germany makes a major impact and France is following Germany’s lead.
In July 2019, Americord Registry launched a new stem cell banking product Placental Tissue 2.0, which can be used to store live amniotic membrane (AM). The system is first-of-its-kind. The company came to limelight as the first family cord blood banks to assist in storage of placental tissue.
Segmentation:
MRFR’s analysis of the amniotic membrane market is based on an extensive segmentation that includes type, application, and end-user. This segmentation gets solid backup from the value-wise and volume-wise analysis of the market.
Based on the type, the global amniotic membrane market can be segmented into cryopreserved and lyophilized. traditional therapy was followed by placement of a dehydrated amniotic membrane allograft and the healing time course was documented with charted measurements. The cryopreservation amniotic membrane segment has better potential to lead the market with an impressive CAGR to reach USD 1,090.08million by the end of 2023. This is expected to get driven by the rising number of ocular surgeries. The lyophilized amniotic membrane segment, on the other hand, can project the highest CAGR of 14.18% during the forecast period. This growth is expected to rely mostly on rising number of surgeries, reconstruction procedures, cosmetic surgeries, and venous & pressure leg ulcers.
Based on the application, the global amniotic membrane market can be segmented into surgical wounds, ophthalmology, stem cell biology, regenerative medicine, and others. The ophthalmology segment is expected to fetch in substantial market due to wide-scale use of amniotic membrane in the segment.
Based on the end-user, the amniotic membrane market can be segmented into hospitals & clinics and others. The hospitals & clinics segment is expected to gain more as patients prefer the segment more.
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Diabetic Ulcer Treatment Market size is expected to reach USD 7.5 billion by 2030 at CAGR of 8.5% during the forecast period 2022-2030. The large healthcare expenditure of nations in Europe, Americas, and other developing countries can drive the diabetic ulcer treatment market growth exponentially. Rising number of diabetics has driven the need for diabetic ulcer treatment. According to the American College of Physicians, diabetic foot ulcers statistics accounted to 6.3% cases annually. Standards outlined by healthcare organizations for getting annual foot exams annually can work in favor of the diabetic ulcer treatment market.
Diabetic ulcers are open wounds that appear in diabetics at the bottom of their foot. It is most commonly found in older men. Treatment of ulcers and amputations caused by these cost massive hospitalization fees and has triggered the need for effective therapies and methods. The global diabetic ulcer treatment market report by Market Research Future (MRFR) looks at amputations and neurological indications of these ulcers and predicts the future of their treatments for the period of 2022-2030.
Diabetic Ulcer Treatment Market Competitive Outlook
Cardinal Health, Integra LifeSciences Corporation, ACELITY L.P. INC., Essity Aktiebolag, Smith & Nephew PLC, Organogenesis Inc., Mölnlycke Health Care AB, Braun Melsungen AG, SANUWAVE Health, Inc., ConvaTec Group PLC, and 3M are some of the notable players profiled in the global diabetic ulcer treatment market. Mergers, new product launches, and acquisitions are prime strategies of the players in the market. Recently, Organogenesis Holdings Pvt Ltd. has launched biomaterials in an effort to expand its wound dressing product line and to appeal to patient demand. Clinical trials are also being conducted to test the efficacy and performance of treatments.
Diabetic Ulcer Treatment Market Segmentation
The Global Diabetic ulcer treatment market has been segmented by type, treatment, and end-user.
By type, Diabetic Ulcer Treatment Market has been divided into foot ulcer and mouth ulcer. The foot ulcer segment accounted for a large share of the global market. The primary factor driving the segment growth is the complications arising due to diabetes mellitus and the large pool of patients. Use of wound dressings and biologics for lowering the rate of amputations and successful treatment of DFU can drive the diabetic foot ulcer market during the forecast period.
By treatment, the diabetic ulcer treatment market is segmented into active therapies, wound care dressings, diabetic foot ulcer treatment products and wound care devices. Wound dressing held the largest share of the market due to the large number of diabetics.
By end-user, the diabetic ulcer treatment market is segmented into academic and research organizations, hospitals and clinics, and ambulatory surgical centers. Hospitals and clinics accounted for the largest market share due to awareness campaigns by governments and favorable reimbursement schemes. Launch of mobile applications for creating awareness among the masses has successfully driven patients towards hospitals and clinics for diabetic ulcer treatment.
Diabetic Ulcer Treatment Market Regional Analysis
Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Americas are regions covered with respect to the global diabetic ulcer treatment market.
The Americas can spur the demand for diabetic ulcer treatment due to the large number of cases of diabetics. According to the American Podiatric Medical Association, close to 14-24% of Americans with diabetic foot ulcers have undergone amputations. The high potential of the combination of debridement and continuous diffusion of oxygen (CDO) has seen successful outcomes in treatment of diabetic foot ulcers (DFU).
APAC can display a robust growth rate during the forecast period owing to a large patient pool and the developing healthcare sector in India and China.
Market Dynamics
The mobility or musculoskeletal systems, such as muscles, tendons, and ligaments, are affected by diabetic ulcer treatment. Repetitive motion injuries are another name for these conditions. Treatment for diabetic ulcers can be as simple as repeating the same motion or lifting heavy objects. They affect many regions of the body, primarily the upper and lower backs, as well as the neck.
Various factors such as the growing worldwide geriatric patient population, rising prevalence, and rising prevalence rate of diabetic foot ulcer patients are driving the growth of the global diabetic ulcer treatment market. In many developing nations, lack of information of diabetic ulcer treatment choices and a scarcity of qualified experts in diabetic ulcers, particularly foot ulcer care, are likely to stifle market expansion.
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Overview:
The global market report on the mobile tablets in healthcare market is showing a moderate possibility for the market to record a CAGR of 3.8% between 2019 to 2025, which has been considered by Market Research Future (MRFR) as the forecast period. Ease of access to information and operation and constant development in such devices to ensure the better user experience is going to ensure a better growth rate for the market. This market is also going to witness better growth as the increase in its adoption by healthcare professionals can impact the market more. Patients are also ensuring better uptake. Surging participation from the pharmaceutical industries in terms of app developments to make sure it gets better acknowledgment from doctors, patients, and nurses. Prompt availability of various information is also going to ensure better uptake of mobile tablets in healthcare. The biotech industry is also on a course to ensure better growth for mobile tablets in the healthcare market.
But the mobile tablets in the healthcare market may find the cost of these devices to be a restraint. Complicated technicalities can also deter people from adopting such technologies, which can hold back the market growth.
Competitive Analysis
The market for the mobile tablets in the healthcare has players like Apple Inc (US), Hewlett-Packard (US), Barco (Belgium), Samsung Group (South Korea), Microsoft Corporation (US), Zebra Technologies Corp (US), Sand Dune Ventures, Inc (US), Advantech Co., Ltd (Taiwan), ASUSTeK Computer Inc (Taiwan), Teguar Computers (US), Dell (US), ARBOR Technology Corp (Taiwan), and HCL Technologies (India).
Segmentation
The global market report covering the mobile tablets in healthcare has been segmented by application and end users by MRFR for a detailed discussion. This analysis provides insights and inputs that can assist companies in devising better strategies to increase the profit margin.
By application, the global report on the market for mobile tablets in the healthcare covers patient monitoring & data collection, prescribing & issuing medicine, dashboard & reports, appointment scheduling. The patient monitoring & data collection segment is the largest one as the growing use of observational studies and the collection of data in tablet computer from it is becoming the norm of various treatment procedures.
By end user, the report on the global market for mobile tablets in the healthcare can be segmented into hospitals & clinics, government organizations & research centers, and others. In the hospitals & clinics segment, the market finds substantial growth opportunities as these tablets help in the optimal usage of all the resources. In research centers, constant monitoring of patients is expected to provide growth for the market. The ‘others’ segment includes ambulatory surgical centers and pharmacists’ laboratories.
Regional Analysis:
The Americas, as per the report is the largest regional market that is witnessing a remarkable hike in the adoption of mobile tablets in healthcare due to better investment facilities, strong per capita income, and heightened inclusion of the technologies to facilitate such provisions. Infrastructural superiority of the region, especially in countries like the US and Canada can make sure that the region receives better support. In Europe, this growth can be viewed mostly in countries like the UK, France, Germany, Italy, and other western European countries. Lack of financial support in the Eastern segment may hold back the market growth. However, the inclusion of IT in healthcare is providing scope for market growth.
In the Asia Pacific region, the growth would be the fastest as emerging economies are going to increase their healthcare-related expenditure and allow the IT sector to permeate easily. Various major hospitals and clinics are going to inspire better growth for the market. The Middle East & Africa may find their infrastructural lack to be the major market deterrent. This is due to the poor economic condition of many countries.
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The effect of the pandemic has reiterated the need for insurance coverage especially that of the health insurance market. Reports created by MRFR detail the developments in the industry that can be expected in the Health Insurance Market size is expected to register a CAGR of 6% during the forecast period of 2020 to 2027 and will achieve USD 4.0 Trillion in 2027.
The presence of strong and well-established contenders in the market is predicted to motivate the Health Insurance Market share in the impending period. Moreover, the uncertainty around the situation created by the pandemic is estimated to spur consumers to plan their future healthcare plans seriously, motivating the health insurance market.
Key Players
Some of the key players in the global health insurance market are Integra Global Health Limited (UK), Blue Cross (US), Allianz SE (Germany), William Russell (UK), International SOS (Asia), MediCare International (UK), IHI-Bupa (UK), Aetna (US), Expacare (UK), MultiNational Underwriters (US). CIGNA (US), HealthCare International (UK)
Segmentation
The segmentation of the global health insurance market has been done into type, demographics, term, service providers and region.
The global market for health insurance, by demographics, is segmented into minor, adult and senior citizens. According to Insurance Sweden 2017, about 643,000 employed people between the age of 16-64 had private health insurance in Sweden.
Based on type, the market is segmented into health maintenance organizations (HMOs), exclusive provider organizations (EPOs), point-of-service (POS) plans, health insurance chatbot and preferred provider organizations (PPOs).
Based on the period, the market is segmented into life-time coverage and term insurance. The healthcare status of the population is directly linked with the economic development of a country. According to the World Bank, the global healthcare expenditure as a percentage of GDP rose from 9.52% in 2010 to 9.9% in 2015. Factors such as the rise in disposable income and increasing per capita is expected to propel the global health insurance market.
Detailed Regional Analysis
The regional examination of the health insurance market includes the Americas, Africa, Europe, Asia Pacific, and the Middle East. The Americas health insurance market led the global market due to the collective understanding among the people about persistent ailments and many companies are launching new insurance concepts for the wellbeing of the individuals. Technical improvements, along with the obtainability of funding prospects in research and innovation will back the advance of health insurance throughout the forecast period. The influences such as a promising repayment scenario, increase in government spending on healthcare, and an upsurge in the geriatric population in this region can be credited to the health insurance market development. The Asia Pacific health insurance market is anticipated to observe phenomenal development in health insurance during the forecast period owing to the mounting contribution of market companies in introducing advanced health insurance strategies and the mounting demand for the handling of chronic diseases, implementation of innovative technologies, relaxed regulations, and an upsurge in medical tourism.
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.