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Industry Landscape
Shares of Global Stethoscope
Market 2020 plunged in the last couple of months due to the pandemic caused by
COVID 19. Since then, Market Research Future has been monitoring the stethoscope
market and reveals that it would poise to expand at a CAGR ~ 4.6% during the
forecast period of 2019 to 2024. The market report also upholds the future
predictions of it gaining revenue surpassing USD 332.1 million, which was
gained in the year 2018.
Stethoscope Boomers & Decliners
The use of stethoscope
market has been outstanding since scientists began studying the physical
characteristics allied with the heart, as it plays a pivotal role in carrying
out essential body functions. The sound of the heart and surrounding organs are
crucial indicators while examining a patient. The augmentation of the market is
attributed to the surge in need for advanced diagnostic devices and the rise in
chronic disorders. The latest technological advancements in manufacturing novel
and advanced electronic variants are showing possibilities in augmenting the
demand and adoption rate, thus fueling the market expansion.
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Vendors Landscape
Prime vendors operating in the
global stethoscope market are 3M, American Diagnostic Corporation, A&D
Medical, GF Health Products, Cardionics, McCoy Medical, Heine Optotechnik,
Omron Corporation, Medline Industries, Smith’s Medical, Rudolf Riester, and
Welch Allyn.
The technological advancements
electronic and digital stethoscopes have brought in the current decade have
helped in attaining an edge over conventional stethoscopes. The main
developments in the stethoscopes market thus include superior digital sound
transmission competencies of digital stethoscopes and its increasing usage in
telemedicine. In spite of the introduction of highly developed technologies
such as portable and handheld ultrasound systems, stethoscopes are still the
ideal choice of healthcare professionals for preface physical examination.
According to the reports, the global
stethoscope market is likely to expand at a towering rate during the review
period resulting in upward demand for electronic stethoscope and fetal heart
rate detectors. Digital stethoscopes have inventive features such as recording
sound and amplifying the recorded sound and removing other disruptive sounds
for a better prognosis. Besides, the digital stethoscopes are also furnished
with software that offers doctors to read the readings more precisely to
monitor the heart rate of the patient. Furthermore, features such as enhanced
acoustics, better performance, and innovative designs are the prime focus of
most stethoscope industry manufacturers. These factors are driving the growth
of the stethoscopes market to a great extent.
Despite these factors, some other
factors, such as the towering cost of some variants and lack of skilled
healthcare professionals is posing as one of the significant market impeding
factors in the way of growth. At the same time, some of the technologically
advanced variants are expensive and cannot be afforded by a few healthcare
professionals. With this, the lack of skilled healthcare providers and insufficient
knowledge on the high-end products are also posing as a hamper towards the
industry growth.
Segment Review
The global stethoscope market has
been studied among the segments of type and end-user.
The market, based on type
segment, has included manual stethoscope and electronic stethoscope.
The market, by manual stethoscope segment, has
included fetal stethoscope and more.
The market, by electronic
stethoscope segment, has included fetal heart rate detectors, esophageal
stethoscopes, and others.
The market, by end-user, has included
clinics, hospitals, ambulatory surgical centers, and more. Hospitals are likely
to occupy a significant share in the end-user segment owing to the surged
occurrences of diseases, as well as the mount in the patient visits. Clinics
are estimated to be the highest emerging segment owing to the ease of
accessibility that it provides to the patients.
Regional Framework
Geographically, the global
stethoscope market is studied among Europe, North America, Asia Pacific, Latin
America, and Middle East & Africa.
Mounting population and rapid
urbanization in promising economies of Asia Pacific are likely to boost the
stethoscope market in the region during the assessment period. The Asia Pacific
is projected to have the highest growth in support of rapidly developing
medical infrastructure, escalating expenditure on healthcare, and growing
medical tourism in developing nations such as China and India in this region.
Developing countries in the region are possible to observe the rising demand
for a stethoscope in the next few years.
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Market Scope
Market Research Future (MRFR) confirms that
the Ultrasound Devices Marketwill reach USD 9,208.76 Million
by 2027-end, while soaring at an incredible rate from 2020 to 2027.
Growth Boosters and Challenges
Mounting preference for minimally invasive
therapeutic and diagnostic devices has acted in favor of the ultrasound devices
market in recent years. The surging use of ultrasound method for treating kidney
stones and prostate cancer has also rendered the market highly lucrative. Besides,
ultrasound screening is deemed to be the basic necessity for accurate fetal
screening worldwide, and therefore, the escalating birth rate along with the
surge in in-vitro fertilization treatment rate has raised the demand for these devices.
Ultrasound technique and devices are
increasingly being used for numerous therapeutic procedures supported by Extracorporeal
Shockwave Lithotripsy (ESWL) and High Intensity Focused Ultrasound (HIFU)
technology. This will help facilitate the growth of therapeutic ultrasound
devices market. Moreover, frequent trials and researches to explore new
applications of ultrasound for treatment of disorders like uterine fibroid and breast
fibroadenoma will augment the use of these devices instead of the chemical and invasive
methods generally used in healthcare.
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Major Players:
Fukuda Denshi (Japan), Samsung Electronics
Co. Ltd. (South Korea), Analogic Corporation (U.S.), Hitachi Ltd. (Japan), Koninklijke
Philips N.V. (The Netherlands), Fujifilm Holdings Corporation, (Japan), Canon
Medical Systems Corporation (Japan), Shantou Institute of Ultrasonic
Instruments Co. Ltd. (China), Esaote Spa (Italy), Siemens Healthineers
(Germany), Trivitron Healthcare (India), Shenzhen Mindray Bio-Medical
Electronics Co. Ltd. (China), General Electric Company (U.S.), are the
strongest contenders in the global industry for ultrasound devices.
Most of the players allocate large-scale
budgets for research and development activities to focus on product innovation
as well as new launches to foster brand awareness. A few other strategies
employed by them are FDA approvals, joint ventures, acquisitions, expansions,
and collaborations, to name a few.
Market Segmentation
End-user, application, technology, portability,
and display are the major segments outlined in the MRFR study, in order to
present a detailed understanding of the global industry for ultrasound devices.
Ambulatory centres, diagnostics and
surgical centers, hospitals and others are the top end-users highlighted in the
report. Hospitals along with diagnostics & surgical centers form the
leading segments in the market and can capture a CAGR of 3.21% over the
analysis period.
Applications of ultrasound devices are obstetrics/gynecology,
radiology/general imaging and more.
Technologies covered in the MRFR market
study include therapeutic and diagnostic.
Portability-wise, the key segments are handheld/compact
and cart/trolley.
The display types considered in the MRFR
report are black and white as well as color.
Regional Analysis
The key regions where the ultrasound
devices industry will witness growth at varying rates include Europe, America, MEA
or Middle East and Africa and Asia Pacific or APAC.
Europe is all set to be the market leader
in the next few years and is presumed to touch USD 3,308.54 million by 2027. High
healthcare spending along escalating cases of chronic disorders, especially
among the growing elderly population will foster the market growth in the
region.
North America is on track to secure the
second highest position in the global market, thanks to the rapidly growing
cases of chronic ailments and the consistently expanding geriatric patient
base. The demand for ultrasound devices is also soaring, given the extensive
pool of established manufacturers, especially in the United States. These
players are actively seeking ways to uplift their market rankings and as a
result, are indulging in fierce competition. This could in turn, be favorable
for the regional market in the years to follow.
APAC should continue to soar at a fast pace
in the following years, in view of the mounting focus on upgradation of healthcare
infrastructure. The APAC market, as per MRFR, is likely to capture a CAGR of
3.76% by the year 2027, backed by the surging burden of chronic disorders.
India, Japan and China are the leading contributors in the APAC market growth. The
region is also witnessing increase in healthcare spending along with players
constantly working on bolstering their consumer reach, which will further
substantiate the market position in the years ahead. Government efforts and
huge investments in advanced devices will also favor the regional market in the
ensuing period.
To cite a reference, in May 2021, ALPINION
MEDICAL SYSTEMS Co. Ltd, a renowned ultrasound firm, has launched X-CUBE 90, an
advanced ultrasound diagnostic machine that offers a highly detailed image along
with an efficient user interface. Additionally, the machine is based on X+ FIT,
which is a hardware technology that boosts the data transmission rate, data
processing speed and data transmission speed by 14 times as compared to other products.
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Overview:
The global report on
the drug discovery informatics market, as
Market Research Future (MRFR) suggests, can grow by 11.5% CAGR during the
forecast period of 2018 to 2023.
Demand for specific
knowledge about diseases, boost in funding and research facilities from various
pharmaceutical companies, and better technological integration would mainly
promote the drug
discovery informatics market. Growing
participation from biotechnology companies would be a plus for the market. The
market is also getting driven by the rising demand for precision drugs and
joint ventures between pharmaceutical companies or academic institutes and IT
companies. Countering chronic diseases has also emerged as a market
booster.
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Competitive
Landscape:
The global market for drug discovery
informatics is gaining significant traction from several end user companies who
are trying to get improvise and increase their profit margin. These companies
are PerkinElmer, Inc., Thermo Fisher Scientific, Inc., Infosys Limited,
Certara, L.P., Collaborative Drug Discovery Inc., Novo Informatics Pvt. Ltd.,
Charles River Laboratories, Inc., Selvita, Jubilant Life Sciences Ltd.,
International Business Machines Corporation, GVK Biosciences Private Limited,
IO Informatics, Inc., and Dassault Systèmes. Among their several marketing
strategies, mergers, acquisitions, collaborations, spurring investment for
R&D, innovations, branding, and others play prominent roles. MRFR recorded its
latest moves in the report to provide greater insight into the market and its
probable formative options for the coming years.
Segmentation:
The global market for
drug discovery informatics has been discussed by MRFR analysts on the basis of
product, mode, service, and end user. This segmentation provides a better
understanding of the global market and facilitates various possibilities in
terms of future development of strategies.
By product, the
report on the drug discovery informatics market includes discovery informatics
and development informatics. Both of these segments are getting better support
from pharmaceutical companies.
By mode, the market
report on the drug discovery informatics comprises in-house informatics and
outsourced informatics. Several pharmaceutical companies are now relying on
outsourced informatics for better precision and results.
By service, the
market includes molecular modelling, docking, clinical trial data management,
sequencing and target data analysis, and others. The sequencing and target data
analysis segment is slated to take charge of the global market as it is getting
substantial traction from end users.
By end user, the
market report on the drug discovery informatics includes contract research
organizations (CROs), pharmaceutical and biotechnology industries, and others.
Regional Analysis:
The Americas have a
leading position in the market as it is getting a high level of investment from
countries like the US and Canada. These countries have a superior infrastructure
to support the research and development facilities. Also, the influx of
investments to boost the procedures do not slacken much. The demand for better
drugs is quite high owing to which regional companies have locked their horns.
This has become productive for the market.
In Europe, the state
expenditure to boost the study in this field is rising. France, Germany, Italy,
the UK, Sweden, and others are spending notably, which can boost the market in
the coming years.
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The healthcare
information systems marketsize is
likely to grow at a 10.0% CAGR between 2018- 2023, according to the recent
Market Research Future (MRFR) report. The healthcare information system, simply
put, is a computer-aided system that helps to organize, store, as well as
double-check a patient’s medical information. It has been designed to offer and
improve care and clinical quality for every patient every time. In fact,
healthcare IT systems have replaced paper charts like doctor’s dictation and
notes, prescriptions, and patient health history and all other types of
information related to the patient in the likes of electronically preserved
data. Patient safety is also boosting the healthcare clinical analytics market
growth.
Various
factors are adding to the global healthcare information systems market share.
These factors, as per the new MRFR report, include increasing use of digital
healthcare infrastructure, increasing adoption of advanced technologies in
healthcare facilities, increasing geriatric population, the rising prevalence
of coronary heart disease and cancer, and the rising cost of healthcare.
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Market
Segmentation
The MRFR report
provides an inclusive segmental analysis of the global healthcare information
systems market based on end user, type, deployment, and components.
Based on
type, the healthcare information systems market has been segmented into
laboratory information systems, revenue cycle management, hospital information
systems, medical imaging information system, pharmacy information systems, and
others. Hospital information systems segment is further segmented into patient
engagement solutions, population health management, real-time healthcare,
electronic medical record, electronic health record, & others. Pharmacy
information systems are further segmented into prescription management,
inventory management, automated dispensing systems, & others. Medical
imaging information system is further segmented into monitoring analysis
software, picture archiving and communication systems, radiology information
systems, & others. Among these, hospital information systems will lead the
market over the forecast period.
Based on
components, the healthcare information systems market has been segmented into
hardware & software.
Based on
deployment, the global healthcare information systems market has been segmented
into on-premise, cloud-based, and web-based. Among these, the web-based segment
will dominate the market over the forecast period.
Based on end
user, the global healthcare information systems market has been segmented into
academic & research institutions, diagnostic center, hospitals, and others.
Among these, hospitals will spearhead the market over the forecast
period.
Regional
Analysis
Based on the
region, the global healthcare information systems market covers the recent
trends and growth opportunities across Europe, the Asia Pacific (APAC), the
Americas, and the Middle East &
Africa (MEA).
Among these, the Americas will dominate the market over the forecast period.
Factors adding market growth include large-scale implementation and also
storage of electronic records in the healthcare system coupled with the
burgeoning demand for superior quality diagnostics systems. The US & Canada
are the major contributors in the region.
The global
healthcare information systems market in Europe is predicted to have the
second-largest share during the forecast period. The presence of developed
economies in the region, the rising awareness, and the presence of
well-established healthcare infrastructure are adding market growth.
The global
healthcare information systems market in the APAC region is predicted to grow
at a quick rate over the forecast period for the region having a massive
healthcare IT market share. China & India are the chief contributors in
this region, followed by South Korea. The government in such developing
economies is taking ample efforts to improve the healthcare services and
offering better infrastructure, which again is adding market growth in the
region.
The global
healthcare information systems market in the MEA will have the smallest share
over the forecast period for a low per capita income and the presence of poor
economies in the African region. The Middle East is likely to have a favorable
share for the presence of developed economies such as Dubai, Kuwait, the UAE,
and others and increasing funds for the healthcare sector from the
government.
Key
Players
Eminent
players profiled in the global healthcare information systems market report
include Medidata Solutions Inc.,Siemens Healthineers, Philips Healthcare,
NextGen Healthcare, McKesson Corporation, Cerner Corporation GE Healthcare,
Carestream Health, Athenahealth Inc., Allscripts Healthcare Solutions Inc., and
Agfa-Gevaert N.V.
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Market Scope
Market
Research Future (MRFR) expects the fetal and neonatal care equipment market to
attain a growth rate of 6.8% from 2020 to 2027 (analysis period).
Primary Boosters and Restraints
The
UNICEF/United Nations International Children's Emergency Fund reveals that
close to 3.5 million infants died in their first month in the year 2017 worldwide.
Preterm and babies born with low weight are prone to multiple health issues and
therefore, need specialized care. With the disconcerting rise in such cases, fetal and neonatal equipment care marketis bound to note rampant demand in the
years to come. Innovations in fetal and neonatal care equipment that have
better features and functions, better bioinformatics analysis and improved
chemistry should also spur the demand. Improvements in reimbursement policies
with respect to low-risk and average pregnancies also enhances the market size.
Excessive
burden of neonatal hospital-acquired infections and the mounting awareness
regarding the latest neonatal care equipment could also boost growth rate of
the global market between 2020 and 2027. Companies are constantly striving to
develop advanced equipment to bolster their sales, in order to remain
competitive in the global market. Most of these players also work on fostering
their portfolios to fortify their market standings, while also launching new
tools in the market.
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Prominent Contenders
Utah
Medical Products, Inc., Philips Healthcare, Toitu Co., Ltd., GE Healthcare,
Edan Instruments Inc., Masimo Corporation, Fisher & Paykel Healthcare
Limited, Arjo, Atom Medical Corporation, Cardinal Health, Drägerwerk AG &
Co. KGaA, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd.,
Medtronic PLC, Vyaire Medical Inc. are the eminent firms active in the fetal
and neonatal care equipment industry.
Market Segmentation
The
market for fetal and neonatal care equipment has been divided into type,
product, and end user.
The
major types covered in the MRFR report are fetal pulse oximeters, fetal
monitors, fetal MRI systems, fetal doppler devices and fetal ultrasound devices.
The types of fetal monitors available in the market are intrapartum fetal
monitors as well as antepartum fetal monitors.
Products
listed in the market study include neonatal phototherapy equipment, Infant
warmers, convertible warmers & incubators, neonatal incubators, neonatal
monitoring devices, neonatal diagnostic imaging devices and respiratory care
devices.
Fertility
centres, hospitals & clinics, and others are the prominent end-users in the
global industry.
Regional
Status
The
global industry has been regionally considered for Asia Pacific/APAC and MEA or
Middle East & Africa coupled with the Americas as well as Europe.
The
American market has procured the leading position, with the highest demand
witnessed in Canada and the US. These countries are home to numerous
well-established firms offering extensive ranges of fetal and neonatal care
equipment and services. The region’s strong focus on delivering value-based
medical care has given way to the development of sophisticated NICU centers.
Meanwhile, the surge in the number of FDA approvals for fetal and neonatal care
tools and equipment also benefit the American market.
Europe’s
strong growth in the global market is the result of the exhaustive research and
development activities carried out by leading companies. Government’s support
as well as the availability of favorable reimbursement schemes also render
significant market growth. Constant launch of technically advanced equipment
and tests should encourage market expansion in the ensuing years as well.
Since
several global players are gaining entry into Asia Pacific, sensing the host of
lucrative opportunities, it is believed that the regional market will progress
at the fastest rate in the years to come. On top of that, constant advancements
in the healthcare sector, backed by rising investments and the surge in
research activities carried out by local firms also enhance the growth
potential of the APAC market. Growth in people’s per capita income and the
soaring demand for well-equipped medical facilities present attractive
opportunities as well.
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The report on the global veterinary
infusion pumps marketsuggests a strong growth for
the market that would mark rise from its previous valuation of USD 85.9 million
in 2017 with a CAGR of 4.9% during the forecast period covering 2018 to 2023.
Market Research Future (MRFR) also reveals several growth opportunities like
rising demand from pet owners, increasing investment from the government to
provide substantial setup, a surge in demand for insurance policies, and others
can play a crucial role in taking the global market ahead.
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Competitive Landscape:
The global veterinary
infusion pumps marketwould witness robust growth due to
the growing participation from several companies like Jørgen Kruuse A/S
(Denmark), Vetland Medical Sales & Services LLC (US), B. Braun Melsungen AG
(Germany), Heska Corporation (US), Q Core Medical Ltd (Israel), Grady Medical
Systems (US), Burtons Medical Equipment Ltd (UK), SAI Infusion Technologies
(US), DRE Veterinary (US), and Leading Edge Veterinary Equipment, Inc. (US).
These companies are making progress in terms of establishing their market stand
by increasing their time in devising various market strategies. MRFR’s
profiling of these companies includes recent steps like mergers, acquisitions,
various investments in research and development facilities, expansion plans,
and others to ease the understanding of the furthering of the market in the
coming years.
Segmentation:
MRFR’s attempt to get close to
various details of the global veterinary infusion pumps market leads to a
segmentation that includes the type and end user. With various dynamics and
factors well-recorded, these segments are offering a closer look into the
market to ensure a proper understanding of the market growth.
By type, the study on the
veterinary infusion pump market reveals segments like large-volume infusion
pump and syringe infusion pump. The large-volume infusion pump segment had the
largest market share in 2017 and it is expected to continue its growth
following a similar trajectory.
By end user, the report with
details on the veterinary infusion pumps market can be segmented into
veterinary clinics, veterinary hospitals, and others. The veterinary hospitals
segment had the largest market share in 2017 and it is due to the structural
benefits in such institutions and increasing funding for the same.
Regional Analysis:
The Americas would retain its
market dominance as the regional spending for such moves are substantially
higher than in other regions. This is primarily due to the increased funding
for the veterinary sector, hike in the inclusion of top technologies, and
better investment capacity of the pet owners. The US and Canada would lead the
regional growth. The market would be sluggish in South America as several
countries are poor in terms of their financial capacity. Europe would mark
similar growth due to a hike in research and treatment facilities. The market
would also gain acknowledgment in Asia Pacific as countries in these regions
are waking up to such advanced procedures and a growing number of pet owners
would boost the market growth.
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Services.
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Overview:
The global report on the hair removal devices market reveals
that the market is expected to take a leap from its previous valuation of USD
915.2 million in 2017 with a 8.8% CAGR during the forecast period of 2018 to
2023. Market Research Future (MRFR) considers several factors like fashion,
sports, cultural practices, military, medical reasons, and others as prominent
growth-inducing avenues for the market. The easy availability of these products
through retail and e-commerce lines strongly denotes hair removal devices
market trends and better awareness regarding the product can boost the market
prospect.
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Competitive Landscape:
The global hair
removal devices market growth can benefit substantially from various
companies like Sciton, Inc, Alma Lasers, Ltd., Syneron Medical Ltd., Cutera
Inc., Cynosure, Inc., Lynton Lasers Ltd, Solta Medical Inc., Strata Skin
Sciences, Inc., Lumenis Ltd, Lutronic Corporation, and Venus Concept Canada
Corp. These companies have done research works and have set their own growth
policies to establish a strong outcome for themselves. The global market is
slated to benefit from their mergers, acquisitions, collaborations, hike in
research activities, better investment in research and development projects,
and others are expected to steer the market towards innovations. MRFR recorded
these recent moves to get their hands on various prospects in the coming days.
Segmentation:
MRFR’s analysis of the global hair removal devices market
leads to an in-depth segmentation of product and end-user. These segments have
multiple inputs from various factors that help in gaining insights and
developing better marketing strategies.
By products, the global market for hair removal devices can
be segmented into laser devices, intense pulse light (IPL) devices,
energy-based devices, and others. The laser devices segment includes Nd: YAG
laser, diode laser, and alexandrite laser. The laser devices segment had the
maximum market share in 2017 and it is getting more traction from wider
acceptance of the devices. The product is also performing better than other
devices.
By end-users, the global report on the hair removal devices
market comprises beauty clinics, home use, dermatology clinics, and others. The
beauty clinics segment had the largest market share in 2017 owing to its huge
women customer base.
Regional Analysis:
The Americas is expected to make huge profit in the coming
years in the hair removal devices market. This is primarily due to the high
investment capacity, better disposable income standards, increasing launch of
innovative products, and others. The US and Canada are performing better. In
Europe, this growth would be backed by the growing sale in France, Germany,
Italy, Spain, and the UK. In Asia Pacific, China, India, Japan, and South Korea
are expected to boost the market traction.
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North America to Dominate Global Organic and Natural Tampons Market
The global organic and natural
tampons market is expected to exhibit a solid 8.67% CAGR over the forecast
period from 2018 to 2023, according to the latest research report from Market
Research Future (MRFR). The organic and natural tampons was valued at USD 590.6
million in 2017 and is likely to exhibit steady, stable growth over the
forecast period.
Organic and natural tampons are
becoming widely popular due to the growing demand for natural products in the
feminine hygiene sector and the growing product diversification in the field of
feminine hygiene products. Due to the growing demand from the demographic of
working women, feminine hygiene product manufacturers are looking to provide a
widespread choice to their female consumers in terms of product configuration.
This has become a major driver for the organic
and natural tampons market due to the growing demand for organic and
natural products in the healthcare sector. The rising demand for organic and
natural products is mainly driven by the increasing perception that organic and
natural products are better for the consumer than conventional artificial
products. This is likely to be a major driver for the global organic and
natural tampons market over the forecast period.
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The growing demographic of
working women around the world is likely to be a major driver for the global
organic and natural tampons market over the forecast period. In recent years,
due to female empowerment, the number of working women has grown rapidly. This
has driven the demand for sophisticated feminine hygiene products such as
sanitary napkins and tampons. Tampons have become widely popular as a feminine
hygiene product due to their convenience, which makes them highly popular among
working women, who need sleek, easy to use solutions for use during periods.
This is likely to be a major driver for the global organic and natural tampons
market over the forecast period.
Competitive Leaderboard:
Leading players in the global
organic and natural tampons market include NutraMarks, TOM Organic, Maxim
Hygiene, The Honest Company, Seventh Generation, BON, ALYK, Bodywise, and
Procter & Gamble. Leading players in the global organic and natural tampons
market are likely to focus on product capacity expansion and product
diversification over the coming years, as the demand for various types of
tampons is likely to grow over the forecast period.
Segmentation:
The global organic and natural
tampons market has been segmented into type, size, odor type, and region.
Based on type, the organic and
natural tampons market is segmented into cardboard applicator, plastic
applicator, digital tampon, and others.
Based on size, the organic and
natural tampons market is segmented into junior tampons, regular tampons, super
tampons, and super-plus tampons. The regular tampons segment is expected to
account for the largest share segment of the market in 2023, as it was the
largest segment in 2017 and is likely to experience steady growth over the
forecast period. The majority of women prefer regular tampons, leading to a
growing demand for the segment.
Based on odor type, the organic
and natural tampons market is segmented into fragrance based and non-fragrance
based. The non-fragrance-based segment is expected to account for the largest
share segment of the market in 2017. Fragrance-based tampons are a relatively
novel part of the organic and natural tampons market and are likely to be a
major segment in the long-term future. However, in the short to medium term,
conventional non-fragrance-based tampons are likely to dominate the global organic
and natural tampons market.
Regional Analysis:
The Americas is expected to
dominate the global organic and natural tampons market over the forecast
period, while Asia Pacific is expected to be the fastest growing regional market
over the forecast period. The growing number of working women in North America
is the major driver for the organic and natural tampons market in the region.
The high market volume in Asia Pacific is likely to make it an important
regional market for organic and natural tampons over the forecast period.
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According to Market Research Future (MRFR), the global
ENT devices market estimated to expand at a CAGR of 6.2% from 2018 to 2023
(forecast period).
ENT devices are special devices used to diagnose and
treat ear, nose, and throat related disorders. The broad range of ENT devices
used are endoscopes, hearing aids, voice prosthetics, otoscopes, tongue
depressors, tonsil forceps, laryngoscopes, speculums, nasal forceps, aural
forceps, nasal splints. Various common ENT disorders in humans include
tonsillitis, ear infections, sinus infections, sleep apnea. The use of these
tools helps to resolve problems related to snoring, smelling, hearing, and
speaking. The ENT specialist is trained in the medical and surgical treatment
of the ears, nose, throat, and related structures of the neck or head.
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Market Dynamics
Factors such as the high prevalence of chronic
sinusitis, geriatric population, technological advances, high demand for
cosmetic ENT procedures, and adoption of minimally invasive ENT procedures are
expected to trigger market growth. Moreover, favorable reimbursement of ENT
procedures and funding policies is one of the key factors driving for the ENT devices market. For
example, Medicare's national average payment for Nasal / Sinus endoscopy is USD
569, Adenoidectomy is USD 940, and Septoplasty or Submucous Resection is USD
940.
However, the high cost of CO2 lasers and devices can
impede the growth of ENT devices market during the forecast period.
Key players
Some of the leading participants in the global ENT
devices market are Atos Medical AB, Hoya Corporation, Siemens Healthcare,
Johnson & Johnson Services, Inc., Karl Storz Gmbh & Co. Kg, Cochlear
Limited, Medtronic PLC, Olympus Corporation, Rion Co. Ltd, Smith & Nephew
PLC, Sonova Holding AG, Olympus Corporation, Starkey Laboratories Inc., Stryker
Corporation, Widex A/S, William Demant Holding A/S, and others.
Segmentation
The global market for ENT devices is segmented based
on product and end-user.
By product, the global market for ENT devices has been
segmented into diagnostic devices, surgical devices, hearing implants, hearing
aids, Co2 lasers, and image-guided surgery systems. The segment for diagnostic
devices is further classified as endoscopes and hearing screening devices. The
segment for endoscopes further divided as rigid endoscopes and flexible
endoscopes. The segment for rigid endoscope includes otoscopes and sinuscopes.
The segment for flexible endoscope includes rhinoscopes, laryngoscopes,
pharyngoscopes, and nasopharyngoscopes. The segment for surgical devices is
further classified as powered surgical instruments, radiofrequency (RF)
handpieces, balloon sinus dilation devices, handheld instruments, ear tubes,
voice prosthesis devices, ENT supplies. The segment for handheld instrument
includes rhinology instruments, otology instruments, head and neck surgery
instruments, laryngeal instruments, and others. The segment for ENT supplies
includes packing material, nasal stents & splints.
Based on end-user, the global market for ENT devices
has been segmented into hospitals, ENT clinics, research and academic
institutes, home care settings, ambulatory settings, and others.
Regional Analysis
Regionally, the global ENT devices market
is segmented into the Americas, Europe, Asia Pacific, and the Middle East and
Africa.
The Americas dominated the global market for ENT
devices due to the presence of significant market players, increasing hearing
loss, and developed economies such as the United States and Canada within the
region. According to the report published in The Hearing Journal in 2017,
almost 44 million U.S. adults over the age of 20 are predicted to have a
hearing loss by 2020.
Europe held the second position in the global market
for ENT devices in 2017. This can be due to increasing investment in research
and development and rising technical advances.
The Asia Pacific was expected to be the
fastest-growing region in 2017. Increasing expenditure on health care is
driving regional markets in the Asia Pacific region. According to data
submitted by the Australian Institute of Health and Welfare, Australia spent
almost USD 181 billion on health in 2016–2017.
The Middle East and Africa had the least share in the
global market for ENT devices due to the low per capita income, mainly in the
African region.
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States of America
Market Overview
The global Empty capsule market is expected to register a
CAGR of approx 8.8 % during the forecast period of 2018 to 2023.
Market Dynamics
The global empty
capsule market is being driven by increasing investments in capsule
manufacturing plants, rising demand for halal capsules, and growing
applications in the nutraceutical industry. Furthermore, the popularity of
capsule-based drug delivery systems has grown in recent years, resulting in a
rise in capsule demand. Many industry players have increased their investments
in capsule manufacturing plants in response to the current market conditions,
in order to increase their capsule production capacity and meet the increasing
demand. Following the illustrated route, Capsugel (a Lonza company) invested
more than USD 25 million in 2015 to expand its vegetarian capsule production
range. To summarize, such investments allow companies to expand their
production capacity and make capsules available to customers on the market. As
a result, rising investments in capsule manufacturing plants are expected to
provide a sufficient driving force during the forecast period.
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Due to various factors such as taste masking capability and
improved distribution of dosage types, hard capsules are becoming more common
in the nutraceutical industry. Furthermore, a number of well-known empty hard
capsule manufacturers are working on products for the pharmaceutical and
nutraceutical industries. Capsugel, for example, makes coni-snap sprinkle
capsules for consumer health and nutrition applications. These capsules are
often intended to meet the needs of the increasing population of people who
have trouble swallowing. Thus, during the forecast period, the market is
expected to be driven by rising demand for nutraceutical products and parallel
consumption of capsules within the industry.
During the forecast period, however, the high cost of
vegetarian capsules and fluctuating raw material prices are expected to limit
market growth.
Competitive Dynamics
Some of the key players in the global Empty capsule market
are Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated
Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab
Caps and others.
Market segmentation
The global Empty capsule market is segmented based on raw
materials, physical characteristics, certification, end user and region.
On the basis of raw materials, the market is segmented into
Bovine, Porcine, Non-gelatin.
Further, on the basis of physical characteristics, the
market is segmented into hard capsules, soft capsules.
Based on the certification, the market is segmented into
halal certification, non-halal certification and others.
On the basis of end user, the market is segmented into
pharmaceutical industries, academic & research organizations.
Regional Overview
In the current scope of the study, the above-mentioned
segments are covered into four global regions, namely- the Americas, Europe,
Asia Pacific and the Middle East & Africa.
North America and South America make up the vacant capsule
market in the Americas. North America is further divided into two parts: the
United States and Canada. In the global empty capsule market, the Americas had
the largest share. There has been an increase in the use of these
nutraceuticals since they aid in the prevention of major health problems such
as obesity, cancer, and arthritis. Since capsules are the most common solid
oral dosage type, the nutraceutical industry in this region has a high demand
for empty capsules.
After the Americas, Europe was the second-largest market.
Western Europe and Eastern Europe are the two areas that make up Europe.
Germany, the United Kingdom, and France account for the majority of the market
share in Western Europe. Growing applications in the nutraceuticals industry,
rising disease prevalence, and other factors are driving the growth of the
empty capsule market. The rising prevalence of the geriatric population, as
well as the chronic diseases that come with it, creates a high demand for
therapeutically effective drugs to treat chronic illnesses.
In the empty capsule market, Asia Pacific is the fastest
growing country. The proliferation of pharmaceutical industries in this area, favorable
government initiatives pertaining to the development of healthcare
infrastructure, which includes pharmaceutical manufacturing industries, and
rising demand for nutraceuticals and cosmeceuticals as a result of increased
awareness about wellness trends and fitness-oriented cha Furthermore, the
growing demand for better diagnostic instruments, better and safer therapeutic
approaches, rapidly evolving technology, and the presence of a large patient
pool are driving this market's growth in Asia Pacific.
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