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Market Analysis
The Global Absorbable Heart Stent Market is predicted to grow at a 9.6% CAGR between 2017-2023, states the latest Market Research Future (MRFR) report. Absorbable stents are meant for patients with relatively noncomplex blockages and low risk. It gets dissolved in the body with time and its possible advantages include fewer risks compared to traditional metal stents and reduced repeat procedures. Absorbable stents are generally made of polymers or metals. The metallic stents are generally made of iron and its alloys, iron, magnesium, and zinc. Of the two, the polymeric stents are widely used for their ability to maintain a strong scaffold.
Various factors are propelling the absorbable heart stent market growth. Some of these factors, as per the latest Market Research Future report, include increasing psychological and physical stress, changing lifestyle, rising number of cardiac procedures, rise in patient pool, and burgeoning demand for absorbable heart stents. Additional factors propelling the absorbable heart stent market growth include technological advancements in heart stents, rising incidence of cardiac diseases, lack of physical exercise, and increasing unhealthy habits.
On the contrary, the high cost of cardiac surgery and the price of stents in some developed countries are factors that may hamper the absorbable heart stent market growth during the forecast period.
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Key Players
Notable players profiled in the absorbable heart stent market report include Meril Life Sciences Pvt. Ltd, Terumo Medical Corporation, Medtronic, Boston Scientific Corporation, KYOTO MEDICAL PLANNING Co., Ltd., Braun Melsungen AG, Elixir Medical Corporation, REVA Medical, Inc., Biotronik, and Abbott Laboratories. Key players have incorporated different strategies to create a niche in the market, such as joint ventures, research, and development activities, collaborations, expansions, mergers and acquisitions, and more.
Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the absorbable heart stent market on the basis of end use, application, and material.
By material, the absorbable heart stent market is segmented into polymer and metal. Of these, the polymer segment will lead the market over the forecast period owing to the rising applications as well as the use of stents that are polymer-based.
By application, the absorbable heart stent market is segmented into periphery artery disease and coronary artery disease. Of these, the coronary artery disease segment will dominate the market over the forecast period due to the increasing incidence of coronary diseases in geriatric individuals.
By end use, the absorbable heart stent market is segmented into research institutes and organizations, cardiovascular centers, hospitals and clinics, and others. Of these, hospitals and clinics will have the maximum share in the market during the forecast period owing to the increasing risk of peripheral artery disease and coronary artery disease coupled with a growing number of heart surgeries.
Regional Analysis
By region, the absorbable heart stent market report covers the latest trends and growth opportunities across the Americas, the Middle East and Africa, Europe, and the Asia Pacific. Of these, the Americas will spearhead the absorbable heart stent market during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include increasing use of absorbable heart stents by healthcare physicians, preference of patients for minimally invasive therapies, increasing prevalence of chronic diseases, and favorable initiatives undertaken by the government for healthcare reforms. Canada and the US are the chief contributors in this region owing to the rising geriatric population suffering from obesity and diabetes, greater healthcare penetration, good reimbursement rates, and the presence of good hospitals, especially in the developed countries of the region.
In Europe, the absorbable heart stent market is predicted to have the second-largest share during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include the prevalence of peripheral artery disease (PAD) and coronary artery disease CAD), a huge patient pool, increasing healthcare penetration, and expanding medical devices industry. Germany is the main contributor in this region owing to the presence of a huge medical device industry, followed by France.
The absorbable heart stent market in the APAC region is predicted to experience faster growth during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include increasing incidence of chronic diseases, especially cardiovascular disease, large unmet needs, growing healthcare sector, and development of healthcare infrastructure. China, as well as India, are the chief contributors in this region.
The absorbable heart stent market in the MEA is predicted to have a substantial growth owing to the increasing use of surgical treatments for cardiovascular diseases.
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The increase in the geriatric population is one of the significant drivers of acute intermittent porphyria market. According to reports, the aging population will almost double up by the end of 2050. Market Research Future (MRFR) has revealed in its latest report that the Global Acute Intermittent Porphyria Market will thrive steadily at 5.6 % during the forecast period 2017-2023.
The risk factors associated with acute intermittent porphyria, which include liver cancer (hepatocellular carcinoma), kidney failure, neurological disorders, psychiatric issues, gastrointestinal problems, urinary tract issues, etc. will accelerate the market expansion. The growth of the market is also attributable to the increasing prevalence of the metabolic disorders which is likely to increase further during the assessment period.
Other factors responsible for the market proliferation include developments in the healthcare sector, adoption of latest technologies for diagnosis, drug discoveries for treatment, clinical trials by key players, increased disposable income, population explosion, etc. However, factors that will restrict the market growth across the assessment period include the availability of expensive treatment and poor reimbursement policies in the developing regions.
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Competitive Dashboard:
The key players profiled by MRFR in its report include Dahaner (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Siemens AG (U.S.), Sysmex Corporation (Japan), ARKRAY, Inc. (Japan), ACON Laboratories, Inc. (U.S.), and, F. Hoffmann-La Roche Ltd (Switzerland) among others. The players strive to gain prominence in the market by devising and employing strategies such as research & development, clinical trials, acquisitions & mergers, innovative collaborations, agreements, etc.
Market Segmentation:
By diagnosis, the global acute intermittent porphyria market has been segmented into blood test, urine test, serum test, DNA test, and others.
By treatment, acute intermittent porphyria market is segmented into gonadotropin-releasing hormone analogues, prophylactic hematin infusions, and others.
By end user, the global acute intermittent porphyria market has been segmented into hospitals & clinics, research centers, and others.
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Regional Analysis:
By region, the acute intermittent porphyria market has been segmented into North America & South America, Europe, Asia Pacific, and, the Middle East & Africa. The North America & South America region will generate maximum revenue from the market during the projection period. The technological advancements integrated into the treatment of acute intermittent porphyria is likely to accelerate revenue creation over the review period. Other factors responsible for the growth of the market include increasing patient with genetic metabolic disorders, rising healthcare expenditure, and increasing government support for research & development. Furthermore, the concentration of key players in the region coupled with increased research & development activities will encourage the market growth and expansion.
Europe is the second largest market for acute intermittent porphyria globally. The favorable factors supporting the market expansion in the region are initiatives undertaken by the governments and the availability of funds for research & development activities. The presence of developed economies in the region is also likely to propel the market growth.
Asia Pacific will exhibit the steepest rise in growth of the market. The increasing geriatric population in the region is one of the primary drivers of the market. Asian Development Bank has estimated that by 2050, 15% of the total population of Malaysia will be from over 65 years age group, and in China, the aging population will surpass 300 million. Furthermore, the booming healthcare sector, technological developments, huge patient population, high healthcare expenditure, etc. will favor the market proliferation throughout the projection period.
The Middle East & Africa will exhibit sluggish growth due to limited screening, ignorance of diseases, and poor access to treatment.
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Market Scope
Market Research Future (MRFR) studied the global eye care supplements market 2021 for the assessment period till 2023. As per MRFR study, the global eye care supplement market is expected to rise at a 10.8% CAGR over the review tenure. By 2023, the global eye care supplement market value can churn-up decent revenue.
Eye care supplements contain vitamins and other nutrients beneficial for maintaining ocular health and good vision. These products improve eye health and are used in treating disease, such as; diabetic retinopathy, cataracts, and glaucoma. Several people face problem due to poor vision and the dietary products extracted are primarily used in the improvement of vision. These dietary products can be derived from both synthetic and natural sources, such as; plants. Omega fatty acids and antioxidant are some widely used eye care supplements.
The global eye care supplements market is expected to rise at an exponential rate due to the increasing prevalence of eye diseases induced by chronic ailments, such as, diabetes. Furthermore, the rise in demand for eye care solutions across the globe are opening great opportunities to market players as they use strategic approaches for geographical expansion.
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On the contrary, high price of eye care supplements can restrain the rise of the market in developing economies. The World Health Organization (WHO) suggests that more than 285 Mn are likely to be visually impaired in the years ahead, thus boosting sales of eye care supplements in the near future and countering the current slow-down.
Key Players in Eye Care Supplements Market
Nordic Naturals Inc. (U.S.), Biosyntrx Inc. (U.S.), Healths Harmony USA Supplements LLC (U.S), Bristol-Myers Squibb Company (U.S.), Vitabiotics Ltd. (U.K), NUSAPURE (U.S.), and Bausch & Lomb Incorporated. (U.S.) are some top-notch companies in the global market of eye care supplements that are recognized by Market Research Future and are listed in the current report.
Segment Assessment of Eye Care Supplement Market
The global eye care supplement market’s segment assessment is based on type, end user, and application.
The type-based segments of the eye care supplement market are Fatty acids, Antioxidant, neuro-protective supplements, and anti-inflammatory supplements among others. The antioxidant segment is studied for water-soluble antioxidants that includes astaxanthin, zeaxanthin, lutein, and fat-soluble antioxidants, such as; astaxanthin. The segment of fatty acids segment studies gamma-linolenic acid and omega-6. The anti-inflammatory supplements segment analyses docosahexaenoic acid (DHA). The segment of neuro-protective assesses eicosapentaenoic acid (EPA).
The application-based segments of the eye care supplement market are eye health, cataract, macular degeneration, glaucoma, and Diabetic retinopathy among others. The retinopathy segment can thrive by 2023.
The end user-based segments of the eye care supplement market are eye clinics, and eye hospitals among others. The segment of eye clinics are churn-up high profits owing the increase in count of such clinics are rise in number of visits to such clinics.
Regional Analysis of Global Eye Care Supplements Market
North America is gaining reputation as the largest eye care supplements market that can hold decent share of the global market due to the rise in demand for eye care supplements. The growing prevalence of vision impairment and related problems among people in the people in the US can favor the market expansion. The Center of Disease Control and Prevention states that nearly 14 million Americans with age range from 12 years and above exhibit some type of visual impairment that can prompt the eye care supplement market in North America.
Europe is noted as the second largest market for the global eye care supplements that can exhibit a steady growth in the years ahead due to the accessibility affordable treatments and implementation of effective prevention strategy for eye health. As per the World Health Organization, more than 60 Mn people in Europe have diabetes and the surge in cases of diabetes is high in people aged over 25 years, which can influence the market over the study tenure.
In the Asia Pacific region, the market of eye care supplements is expected to register the fastest growth rate due to rise in cases of chronic disease, such as; diabetic retinopathy, diabetes, and obesity. In the Middle East Asia and Africa, the market of eye care supplement is expected to show a steady rise owing to upscaling demand for ophthalmic products and easy accessibility of treatment options.
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Topical Corticosteroids Market
Market Highlights
Carcinoembryogenic Antigen (CEA) Market is a group of glycoproteins which are produced during the fetal developmental stages by gastrointestinal tissues. CEA is responsible for cell adhesion. Healthy adults do not have CEA concentrations. However, smoking and certain medical conditions such as colorectal cancer, breast cancer etc. can mark the presence of CEA in the body. Thus, CEA based diagnostic assays are used for the detection of such cancers and to check the treatment efficiency during the therapeutic period by a physician.
In 2017, studies of the NCBI suggested that the global burden of colorectal cancer will increase by 60%, leading to 2.2 million new cancer cases and 1.1 million deaths by 2030. This will increase the colorectal cancer diagnostic demands, thereby propelling the Carcinoembryonic Antigen market growth.
Increasing prevalence of cancer, rising healthcare expenditures, and developing diagnostic technologies will boost the global market during the forecast period. However, risk of infection and hematoma, lack of awareness and medical services in the developing countries will restrain the market growth during the assessment period.
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Market Key Players
Some of key players profiled in the report are Lee BioSolutions, F. Hoffmann-La Roche Ltd, Quest Diagnostics Incorporated., Correlogic Systems, Inc, Genway Biotech, Inc., Abbott., RayBiotech, Inc., Abcam plc., Biocare Medical, LLC, and Biocare Medical, LLC.
Segmentation
The global carcinoembryonic antigen market has been segmented on the basis of application, sampling, and end user.
Based on application, the market has been segmented into colorectal, pancreatic, breast, lung cancer, and others.
Based on sampling, the market has been segmented into antecubital, peritoneal, pleural, serebrospinal, and others.
Based on the end users, the market has been segmented into hospitals, diagnostic centers, research centers, and others.
Regional Analysis
The Americas account for the largest share in the carcinoembryogenic antigen market. The Americas mainly include countries like the U.S. and Canada. Increasing prevalence of cancer and high healthcare expenditures within the region will boost the market growth over the assessment period.
Europe is the second highest revenue generating region in the global carcinoembryogenic antigen market. Increasing prevalence of cancer, fast adoption of new technologies and presence of developed countries like Germany and U.K within the region will boost the market growth during the forecasted period.
On account of the developing medical infrastructure, rising healthcare expenditure, and increasing government initiatives, Asia Pacific region is expected to grow the fastest.
The Middle East & Africa is expected to grow slower than the global average. The Middle Eastern countries, for instance, UAE and Saudi Arabia dominates the market due to high income and the government support to improve public health.
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Middle East and Africa Kinesio Tape Market
Market Highlights
Topical corticosteroids (steroids) are medication and available in various forms such as creams, lotions, and solutions. They are directly applied to the skin to reduce inflammation and irritation.
Increasing prevalence of skin diseases worldwide and lack of awareness in both developed and developing countries are some of the factors that drive the growth of the market. Additionally, increasing geriatric population with skin disease, which in some cases remain untreated for a long period boost the market growth.
The global Topical Corticosteroids Market is expected to grow at a CAGR of about 5.8% during the forecast period 2017-2023.
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Major Players in the Topical Corticosteroids Market
Some of the key players in the global market are AstraZeneca plc., GlaxoSmithKline plc., Merck & Co., Inc., Pfizer Inc., Sandoz AG (Novartis AG), Sanofi S.A., Actimis Pharmaceuticals, Valeant Pharmaceuticals, Almirall, S.A, and Zylera Pharmaceuticals.
Regional Analysis
The global topical corticosteroids market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominates the global topical corticosteroids market. It comprises of two regions namely North America and South America. North America is the largest market owing to rising prevalence of skin diseases in the American counties and increasing geriatric population with skin related diseases. According to the American Academy of Dermatology, ~50% of Americans over age 65 have one or other forms of skin diseases
In Europe, extensive demand for skin care and topical products to treat skin diseases drives the demand for topical corticosteriods. Moreover, increasing expenditure in healthcare domain and investment in the research & development of new treatment methods for skin related diseases will fuel to the growth of the market.
Asia Pacific is the fastest growing and potential market for the topical corticosteroids due to increasing number of dermatology clinics and rising prevalence of skin related diseases in the developing countries. Furthermore, government support and encouragement to healthcare domain, and favorable government policies for pharmaceuticals companies likely to drive the growth of this market over the review period.
The Middle East & Africa is expected witness steady growth due to rising demand for primary healthcare services such as new and advanced treatment methods in healthcare domain.
Segmentation
The global topical corticosteroids market is segmented on the basis of type of formulation. it is segmented into ointments, creams, and others.
On the basis of type of potency class it is segmented into ultra-high, high, moderate, and low. The ultra-high is further segmented into clobetasol propionate, and diflorasone diacetate. The high segment is further segmented into amcinonide, betamethasone dipropionate, desoximetasone, fluocinonide, halcinonide, and others. The moderate segment is further segmented into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone valerate, triamcinolone acetonide, and others. And the low segment is further segmented into betamethasone valerate, desonide, fluocinolone acetonide, and others.
On the basis of treatment, it is segmented into contact dermatitis, insect stings, psoriasis, eczema, and others.
On the basis of end user, the market is segmented into hospitals, dermatology clinics, pharmacies, and others.
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The global Hospital Beds Market will grow at a CAGR of 5.5% during the forecast period 2017 to 2023. The market for hospital beds is set to reach US$4,824.2 million by 2023. As per market analysts, the global hospital beds market is anticipated to witness growth owing to the factors such as the surge in chronic diseases as well as increasing prevalence of chronic diseases. However, the market will face challenges and restraints due to high cost of the advanced beds and the high procurement costs during the forecast period 2017 to 2023.
Increasing number of hospital and ambulatory services in the market will support the growth. As per market analysts, the market based companies will face certain challenges during the 2017 to 2023. The hospital beds market research report provides in-depth analysis of the type, end-user, and power segments. The market research report presents factors such as the high procurement costs related to advanced beds that could slow down the market's growth.
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Competitive Landscape
Hospital beds have seen tremendous growth, due to the growing geriatric population and the sophisticated healthcare structure. However, resources for research & development and intensifying healthcare spending would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global hospital beds market are expected to help the market during the forecast period 2017 to 2023. As the market report suggests that the hospital beds market will register a CAGR of 5.5% and reach a US$4,824.2 million by 2023, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2023. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2017 to 2023, however the companies need to move ahead with caution. The hospital beds market research report highlights such key areas.
Market Segmentation
The hospital beds market has been segmented into type, end-user, and power . Based on the segment which is type, the market is categorized on the basis of acute care, long-term care, psychiatric & bariatric care, others. The global market for hospital beds is further segmented based on end-user into electric, semi-electric, and manual. Furthermore, the market, on the basis of power is segmented into hospital, clinics, and ambulatory.
The market report offers comprehensive study of the hospital beds market segments including type, end-user, and power. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The type, end-user, and power segments spread across the market along with the subsegments are studied. The global market for hospital beds is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global hospital beds market research report presents key company profiles of organizations active across the market.
Regional Overview
The speedy development in healthcare technology may hinder the market growth. The hospital beds market research report suggests that companies in the market could be supported by increasing geriatric population as well as an increasing number of medical emergencies during the forecast period. The hospital beds market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across type, end-user, and power segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
The hospital beds market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global hospital beds market.
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Market Highlights
The tissue transglutaminase (tTG) testing is used for the diagnosis of certain autoimmune diseases, which is mostly restricted to celiac disease. In celiac disease, gluten (a protein found in wheat, barley, rye, and oats) is seen as a foreign invader and in response to it the body mounts an immune response to its enacting enzyme known as transglutaminase (which restricts the proteolysis of the glutin). tTG enzyme gets attacked by the (tTG) IgA and (tTG) IgG. For diagnostic purposes (tTG) IgA is exploited more frequently than the tTG (IgG) as tTG (IgG).
Increasing prevalence of celiac disease drives the growth of the tissue transglutaminase test market. According to the World Gastroenterology Organization in 2016, 1% of the total population in western countries was diagnosed with the celiac diseases and the prevalence have substantially increased across the globe. According to Celiac Disease Foundation in 2016, hospitalization have increased by 600% from 1998 to 2013.
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Some of key players profiled in the report are Quest Diagnostics Incorporated., SQI Diagnostics, Trinity Biotech, ZEDIRA GmbH, Demeditec Diagnostics GmbH, ARUP Laboratories, Cell Science Systems, Bio-Rad Laboratories, Inc., Pfizer Inc., Celimmune, LLC., and others.
Segmentation
The global tissue transglutaminase testing market has been segmented on the basis types and end users.
Based on types, the market has been segmented into serological, biopsy testing, and others. The serological testing is sub-segmented into tissue transglutaminase (tTG) antibody- IgA, serum and tissue transglutaminase (tTG) antibody- IgG, serum.
Based on the end users, the market has been segmented as hospitals & clinics, homecare, research organizations, and others.
Regional Analysis
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new technology in the US drives the global tTG testing market. Additionally, concentration of major research companies and research organizations in the developed countries of this region boost the market growth.
Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly. China and India are likely to lead this market due to fast growing healthcare sector during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “global tissue transglutaminase testing market” research report – Forecast till 2023.
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Dental wax is a mixture of several waxes with synthetic additives used in dentistry for casting, sizing, charting structures and jaw connections, laboratory testing, and lubricants to minimize friction in braces and other dental implants. As per an MRFR report, the dental wax market is predicted to reach USD 1.2 billion by 2023, with a compound annual growth rate (CAGR) of 5.2 percent over the forecast period.
The demand is anticipated to develop due to the higher use of dental fixtures and treatments, the rapid expansion of dentistry in many nations' healthcare systems, improved understanding of oral disorders, and exponential increase of dental implants.
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The central contenders in the dental wax market are Pyrax Polymars, C.J. Robinson Company, Inc., Kerr Corporation, Metrodent Ltd., Carmel Industries, DWS Systems, Bilkim Ltd. Co., Solstice T&I, Bracon Dental.
Segmental Analysis
The dental wax market segmental overview is conducted based on applications, source, end users, and regions. The dental wax market has been divided into pattern wax, imprint wax, healing wax, and processing wax based on the applications. The dental wax market has been categorized into academic and research centers and dentist clinics based on end users. According to the source, the dental wax market is divided into four categories: mineral wax, plant wax, animal wax, and synthetic wax. The regions included in the dental wax market are APAC, Europe, Africa, the Middle East, and North America.
Detailed Regional Analysis
The regional scrutiny of the dental wax market includes APAC, Europe, Africa, the Middle East, and North America. Due to the extensive use of pharmaceuticals and high healthcare costs, the Americas hold a considerable market share. The worldwide dental wax market is also driven by the United States, the fastest adoption of digital technologies and medications. Furthermore, the concentration of major dental product manufacturers in this region's developed countries is fueling the dental wax market. Because of its high disposable income and greater awareness of dental treatment, Europe is the world's second-biggest market. The Asia Pacific region is predicted to rise fast during the projection period, with China and India likely to control the market due to unmet needs.
Competitive Analysis
Governments worldwide are committing their support for market-friendly changes. The improving trade relations are projected to increase the international market in the coming years. The market's development is projected to be hindered shortly due to a shortage of critical resources. The function of mergers and applications is expected to become critical in maintaining development speed in the coming era. The industry is anticipated to boost as new products are introduced that focus on satisfying the evolving requirements of their respective client bases. The use of the internet for sales and marketing is expected to expand the market's prospects during the forecast period. The global contagion has provided businesses with a new mandate about the purchasing process and a rapid acceleration of digital transformation. Fresh business models and perceptions are present in current core operations and support functions in the forecast term. It is projected that implementing comprehensive research techniques to examine the market's future development will aid in market development.
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Market Research Future (MRFR) speculates that the global hidradenitis suppurativa market is predicted to garner USD 763.6 million, grabbing a CAGR of 4.2% during the forecast period (2017-2023). Increasing incidences of skin diseases are likely to favor the market growth to a great extent. Also known as acne inversa, hidradenitis suppurativa is referred to as a rare, inflammatory skin condition that generates as small and painful pimples on the skin. It generally occurs between 20 to 40 years of age and is three times common among the women population than in the male population. It is a dermatological disease affecting the areas of apocrine sweat glands like the area under the breast, buttocks, inner the thighs, and under the arms. Early symptoms involve local hidradenitis and erythema, which become painful in the later stages.
Market Potential and Pitfalls
With augmenting incidences of several skin diseases, the global hidradenitis suppurativa market is likely to flourish. The FDA is approving clinical trials and drugs which is further contributing to the market growth. The market is also likely to expand due to the introduction of new treatment and drug options coupled with the increasing knowledge about the disease. The increasing global warming across the world has resulted in environmental changes like pollution and depletion of the ozone layer. This is further having an impact on the skin, thereby fueling the market growth throughout the appraisal period. Moreover, with rapid urbanization and rising population coupled with the improving economic condition, the quality of healthcare is rising, which is further offering an impetus to the hidradenitis suppurativa market across the market.
On the contrary, the high cost of treatment and unmet medical needs and drug resistance are some of the top barriers considered to disrupt the market growth to a great extent. Despite such hiccups, technological advancements owing to the substantial investments in R&D activities are considered to propel the market growth throughout the estimated period.
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Competitive Dashboard
The prominent players operating the global hidradenitis suppurativa market are AbbVie Inc. (US), Johnson & Johnson Services Inc. (US), GlaxoSmithKline plc. (UK), Pfizer Inc. (US), Allergan (Republic of Ireland), Merck & Co. Inc. (US), AstraZeneca (UK), and others.
Global Hidradenitis Suppurativa Market: Segmental Analysis
The global hidradenitis suppurativa market has been segmented on the basis of skin condition, treatment, and end-user.
By mode of skin condition, the global hidradenitis suppurativa market has been segmented into folliculitis, pimples, boils, deep-acne, and others.
By mode of treatment, the global hidradenitis suppurativa market has been segmented into surgery, medications, photodynamic therapy (PDT), laser treatment, and others. Among these, surgical removal is considered as a preferred mode of treatment, but the disease might relapse into other areas as well.
By mode of end-user, the global hidradenitis suppurativa market has been segmented into dermatology clinics, hospitals, academic institutes, medical research centers, and others.
Regional Analysis
Geographically, the hidradenitis suppurativa market span across regions namely, North America, Asia Pacific, Europe, and the Middle East & Africa.
Among all the regions, the North American region is predicted to lead the global hidradenitis suppurativa market with the largest share. The region is presumed to a significant revenue pocket in the coming years. The growth in this region is credited to the well-developed healthcare sector coupled with the presence of a huge patient population suffering from several skin diseases and medical complications. With the uptake of latest technologies especially in the U.S., the market is likely to generate revenues. Moreover, the changing lifestyle coupled with the augmenting expenditure on cosmetics is highly supporting the market growth.
The European region is considered to occupy the second position in the global market and is likely to experience a strong CAGR. With the resurging economy in this region, the market is sure to flourish. Additional factors promoting the market growth are the presence of a vast patient population, availability of funds for research and development, and growing teenage population in this region. Moreover, West European countries such as the U.K., Germany, and France contribute to the market growth to a large extent.
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Market Synopsis:
The increase in the geriatric population is one of the
significant drivers of acute intermittent porphyria market. According to
reports, the aging population will almost double up by the end of 2050. Market
Research Future (MRFR) has revealed in its latest report that the Global Acute
Intermittent Porphyria Market insight will thrive steadily at 5.6 % during
the forecast period 2017-2023.
The risk factors associated with acute intermittent
porphyria, which include liver cancer (hepatocellular carcinoma), kidney
failure, neurological disorders, psychiatric issues, gastrointestinal problems,
urinary tract issues, etc. will accelerate the market expansion. The growth of
the market is also attributable to the increasing prevalence of the metabolic
disorders which is likely to increase further during the assessment period.
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Competitive Dashboard:
The key players profiled by MRFR in its report include
Dahaner (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Siemens AG (U.S.),
Sysmex Corporation (Japan), ARKRAY, Inc. (Japan), ACON Laboratories, Inc.
(U.S.), and, F. Hoffmann-La Roche Ltd (Switzerland) among others. The players
strive to gain prominence in the market by devising and employing strategies
such as research & development, clinical trials, acquisitions & mergers,
innovative collaborations, agreements, etc.
Market Segmentation:
By diagnosis, the global acute intermittent porphyria market
has been segmented into blood test, urine test, serum test, DNA test, and
others.
By treatment, acute intermittent porphyria market is
segmented into gonadotropin-releasing hormone analogues, prophylactic hematin
infusions, and others.
By end user, the global acute intermittent porphyria market
has been segmented into hospitals & clinics, research centers, and others.
Regional Analysis:
By region, the acute intermittent porphyria market has been
segmented into North America & South America, Europe, Asia Pacific, and,
the Middle East & Africa. The North America & South America region will
generate maximum revenue from the market during the projection period. The
technological advancements integrated into the treatment of acute intermittent
porphyria is likely to accelerate revenue creation over the review period.
Other factors responsible for the growth of the market include increasing patient
with genetic metabolic disorders, rising healthcare expenditure, and increasing
government support for research & development. Furthermore, the
concentration of key players in the region coupled with increased research
& development activities will encourage the market growth and expansion.
Europe is the second largest market for acute intermittent
porphyria globally. The favorable factors supporting the market expansion in
the region are initiatives undertaken by the governments and the availability
of funds for research & development activities. The presence of developed
economies in the region is also likely to propel the market growth.
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