Thursday, 30 August 2018

Global Renal Disease Market Report 2017: Technology Development Trends and Business Opportunities for Stakeholders by 2023

Renal disease also known as kidney diseases that affects the functioning of kidneys. According to National Kidney Foundation, Inc.,10% of world’s population is suffering from chronic kidney diseases. Global Renal disease Market is growing moderately. The growing prevalence of renal diseases is leading the market growth. Increasing R&D activities and clinical trials are major driving forces of the market. Increasing acquaintance and awareness among the patients, growing healthcare sector, government initiatives and new product launches are key factors for the global renal disease market.
The Global Renal disease market is growing at the CAGR of ~6.3% during the forecast period and expected to reach US$ 14291.2 million by 2023.
Key Players
Some of the key players in this market are: Abbott (US), Amgen Inc. (US), Baxter (US), Bristol-Myers Squibb Company (US), Keryx Biopharmaceuticals, Inc. (US), NephroGenex, Inc. (US), Novartis AG (Switzerland), Pfizer Inc.(US), Sanofi (France), Shire Pharmaceuticals Limited (Republic of Ireland), and others.
Segmentation
Global Renal disease Market has been segmented on the basis of type which comprise acute kidney problems (Prerenal, Postrenal, Renal), Chronic kidney diseases, and others. On the basis of diagnosis, it segmented into Blood Tests (Serum Creatinine, Glomerular Filtration Rate(GFR), Blood Urea Nitrogen (BUN), fasting blood glucose test), Urine test (Urinalysis, Protein urine test, Microalbuminuria test, Creatinine Clearance test), Imaging test (Ultrasound, CT Scan ), Removing a sample of kidney tissue for testing. On the basis of treatment, it segmented into medication (High blood pressure medications, Medications to lower cholesterol levels, Medications to treat anemia, Medications to relieve swelling, Medications to protect your bones), Dialysis (Hemodialysis, Peritoneal dialysis), kidney transplant (Deceased-donor kidney transplant, Living-donor kidney transplant, Pre-emptive kidney transplant ), surgery (Nephrectomy and radical nephrectomy, nephron-sparing surgery (NSS), nephrolithotripsy , Extracorporeal shock wave lithotripsy (ESWL), and others), diet and others.
Detailed Table of Contents:
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
...Continued
       
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Global Lactose Intolerance Treatment Market Analysis 2018 Forecasts to 2023

Market scenario:
Lactose intolerance cause symptoms such as abdominal pain, bloating, diarrhoea, gas, nausea etc. due to the decreased ability to digest the sugar lactose in milk products. Lactose intolerance is caused due to the lack of enzyme lactase which breaks lactose into glucose and galactose. Primary lactose intolerance is due to fall in the amount of lactase due to age while secondary lactose intolerance is due to injury to the small intestine such as infections, celiac disease, inflammatory bowel disease etc. Congenital lactose intolerance is caused by genetic factors. The falling prices of lactose free foods due to rising scalability and larger sales will also stimulate the market. The non-serious nature of the symptoms of lactose intolerance is a major constraint on the market.
Considering all these factors the market for lactose intolerance treatment is expected to reach $ 9.4 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 7.2 % during 2017-2023.
Key players:
  • Johnson & Johnson Inc.
  • National Enzyme Company
  • Vetbiochem India Private Limited
  • Scimera Partners
  • Ganeden Biotech
  • Daiya Foods Inc.
  • Arla Foods
  • McNeil NutritionalsOberland-Milchverwertung (OMIRA)
  • ParmalatValio
Segments:
The global lactose intolerance treatment market is segmented on the basis of type, treatment and end users. Based on type, the market has been segmented as primary, secondary, developmental and congenital. Based on the treatment, the market has been segmented as food supplements (dairy, milk substitutes (soy, rice, coconut, almond, others), cereals and breads, fats, others), enzymatic lactase supplements, and others. Based on the end users, the market has been segmented as hospitals and clinics, home use, and others.
Regional analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global lactose intolerance treatment. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions and poor healthcare penetration.
Detailed Table of Contents:
1. Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4. Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5. Global Lactose Intolerance Treatment Market, By Type
5.1 Primary
5.2 Secondary
5.3 Developmental
5.4 Congenital
...Continued

         
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Homeopathic Medicine Market-Outlook, Regulatory Bodies, Trends, Industry Insights & Forecast

Market Synopsis of the Global Homeopathic Medicine Market
The Worldwide Homeopathic Medicine Market is expected to grow at a CAGR of 12.5% during the forecast period. The global homeopathic medicine market is expected to show sharp growth over the forecast period. Rising prevalence of chronic disease and increasing demand for medicines from natural sources and overall increase in the awareness about medicines and treatment options in homeopathy drive the market growth. Furthermore, homeopathy is gaining attention in many of the emerging market throughout the globe. Lack of awareness about homeopathy in developing countries may act as a barrier for the market growth.
The market for homeopathy medicine is expected to expand due to an increase in the awareness regarding homeopathic medicine and rising prevalence of lifestyle-associated diseases such as obesity, diabetes and reproductive health. Restrains for the growth of this market are lack of awareness of homeopathic medicine in developing countries and strict regulatory requirements governing the use of homeopathy in developing countries such as Germany, and UK.
The market shows growth potential in India, Mexico and the Middle East nations.
Key Players in the Global Homeopathic Medicine Market
Some of the key players in this market are Hahnemann Laboratories Inc. (U.S.), Natural Health Supply (U.S.), Boiron USA (U.S), HomeoLab USA (Canada), SBL (India), Hyland’s Homeopathic (U.S.), and Nelson & Co. Ltd. (U.K).
Segments                                                                                                                                          
The global homeopathic medicine market is segmented on the basis of type, indication, and end users.
On the basis of drugs, market is segmented into plants based, animal based and mineral based. Plant based is further segmented into Arnica montana, Bryonia alba, Cinchona officinalis, Pulsatilla nigricans, Rhus tox, Symphytum. Animal based is further segmented intoLatrodectus mactans, Tarentula Hispania, Tarentula cubensis, Naja tripudians, Vipera, Sepia, and Cantharis. Mineral based is further segmented into Calcarea carbonica, Phosphorus, Calcarea phosphorica, Natrum muriaticuma and others. Other segments are Nosodes, Sarcodes and Imponderabilia.
On the basis of application, the market is segmented into skin & hair, reproductive health, lifestyle disorders, bones, joints, and muscles diseases, brain and nerves disorders, respiratory diseases, childhood diseases, hormonal disorders and others.
On the basis of end user, the market is divided into hospitals, homeopathic clinics, and others. 
Intended Audience
Homeopathy Medicine Manufacturers
Homeopathy Medicine Suppliers
Medical Research Laboratories
Research and Development (R&D) Companies
Market Research and Consulting Service Providers
Potential Investors
Regional Analysis of the Global Homeopathic Medicine Market            
America is the largest market for homeopathic medicine owing to rising awareness about homeopathic treatment and increasing use of homeopathic medicine. Furthermore, homeopathy has a substantial presence in the U.S. healthcare system.
Europe is the second largest market owing rise in the number of homeopathy practitioners, use of homeopathy medicine by people for day to day healthcare. According to the Commission of European Communities, 100 million European Union (EU) citizens (29% of the EU’s population) uses homeopathy medicine. UK is the largest market for homeopathic medicine in Europe.
Detailed Table of Contents:
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
List Of Tables
Table 1 Homeopathic Medicine Industry Synopsis, 2017-2023
Table 2 Global Homeopathic Medicine Market Estimates And Forecast, 2017-2023, (Usd Million)
Table 3 Global Homeopathic Medicine Market By Region, 2017-2023, (Usd Million)
Table 4 Global Homeopathic Medicine Market By Types, 2017-2023, (Usd Million)
Table 5 Global Homeopathic Medicine Market By Application, 2017-2023, (Usd Million)
Table 7 Global Homeopathic Medicine Market By End Users, 2017-2023, (Usd Million)
List Of Figures
Figure 1 Research Process
Figure 2 Segmentation For Global Homeopathic Medicine Market
Figure 3 Segmentation Market Dynamics For Homeopathic Medicine Market
Figure 4 Global Homeopathic Medicine Market Share, By Type, 2016
Figure 5 Global Homeopathic Medicine Market Share, By Application, 2016
Figure 6 Global Homeopathic Medicine Market Share, By End Users, 2016
...Continued
         
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Global Tracheostomy products Market 2018 Size, Status and Forecast to 2023

Market Scenario:
Tracheostomy is a surgical procedure of creating an incision on the neck for direct access to the trachea so that a tub can be inserted into the windpipe to aid breathing. The tube is sometimes inserted to remove any built-up fluid in the throat and windpipe and connected to a ventilator. Tracheostomy is one of the most commonly performed procedures in ICUs. It is performed on patients with neck injuries, chronic lung diseases, neck cancer, vocal cord paralysis, etc. Tracheostomy is also used in the treatment of severe obstructive sleep apnea, patients suffering from long-term coma or unconscious patients. Tracheostomy products are used to allow the administration of positive pressure ventilation and to provide a palpable airway to patients suffering from airway obstruction. Rising incidences of throat cancer, laryngeal and hypopharyngeal cancer, severe facial trauma, tumors of the head and neck is driving the market for tracheostomy products. Sedentary lifestyle, increased consumption of tobacco and alcohol, a diet rich in sugar and fat contribute to the incidences of cancer and other chronic disease which spur the market for tracheostomy products.
The market for tracheostomy products is further propelled by the rise in number of bed-ridden geriatric population, patients in ventilator care and ICU patients. Additionally, technological advancement in tracheostomy procedures, the overall growth of the healthcare sector, R&D activities, rise in demand for home care services rising adoption of tracheostomy procedures in the healthcare sector is expected to boost the market. Growing product awareness, the rise in popularity of medical tourism are other factors. Development of advanced polymer tracheostomy tubes, which require less care and have fewer chances of infections have also aided in market expansion.

However, the market growth may be restrained by procedural complications which are accompanied by tracheostomy such as bleeding, damage to the food pipe and trachea, narrowing of the trachea, formation of abnormal tissue in the trachea, displacement of the tracheostomy tube, etc. Lack of awareness regarding such treatment options and high costs associated with tracheostomy too are likely to restrict the market growth. Considering all these factors, the global tracheostomy products market is expected to expand at a CAGR of 2.3% and reach USD 3 Billion by the end of the forecast period 2017-2023, reveals a study by Market Research Future (MRFR).
Key players of Global Tracheostomy Products Market:
Key players profiled in the report are Medtronic, Smiths Medical, Teleflex, Cook Medical, Fisher & Paykel Healthcare, TROGE Medical, Tuoren Medical, TRACOE Medical, Biçakcilar, Fuji Systems and others.
Segments:
The global tracheostomy products market is segmented on the basis of product type. Based on the product type, the market has been segmented as tracheostomy tubes, cannula, tracheostomy ventilation accessories, tracheostomy clean and care kits and others. Based on the material, the market has been segmented as polymer, silicone and others. Based on the end users, the market has been segmented as hospitals and home.

Regional analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and presence of large hospitals. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.
Detailed Table of Contents:
Table Of Contents
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5 Global Tracheostomy Products Market By Product Types
5.1 Tracheostomy Tubes
5.2 Cannula
5.3 Tracheostomy Ventilation Accessories
5.4 Tracheostomy Clean And Care Kits
5.5 Others


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Wednesday, 29 August 2018

Africa Malaria Diagnosis & Treatment Market Competitive landscape By 2023


Market Scenario:
Malaria is an infectious disease caused by parasitic protozoa of the Plasmodium type. The symptoms include fever, fatigue, vomiting, and severe headaches and may lead to seizures, coma, or even death if untreated. Malaria is primarily a disease of the tropical and subtropical regions. The carrier of malaria is the female anopheles mosquito and hence there is a seasonal variation in the cases of malaria. Most cases of malaria are caused by P. falciparum because other types of plasmodium such as P. vivax, P. ovale, and P. malariae generally cause a milder form of malaria.
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According to World Health Organization (WHO), the global incidence of malaria between 2010 and 2015, fell by 21% and the malaria mortality fell by 29%. However the African region carries a disproportionately high share of the global malaria burden and accounted for 90% of malaria cases and 92% of malaria deaths worldwide and sub-Saharan Africa accounted for 76% of malaria cases and 75% deaths globally.
The growth of government programs against malaria and the support given by international bodies such as WHO is also a market driver. The market barriers include high cost of imported malaria diagnostic kits, low penetration of healthcare in Africa, low per capita income, low number of healthcare professionals in Africa etc. The political causes include massive corruption, low political power of citizens especially in nondemocratic nations, civil war in regions such as Malawi etc.
Taking all factors into consideration, we expect the Africa malaria diagnosis market to reach around $ 2418.92 million from $ 550 million in 2017, by the end of the forecast period at a CAGR of ~ 28.0 %. While the malaria treatment market will grow by a CAGR of 8.1% to reach around $ 7180.7 million from $ 4500.0 million in 2016.
Regional Analysis of Africa Malaria Diagnosis & Treatment Market:
The healthcare sector of Africa is divided between private and state. The public healthcare expenditure accounts for approximately 48 % of total health expenditure in 2014 with variation in different countries. Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles and there are a handful of high tech devices manufacturers. Africa is extremely dependent on imports for medical devices and imports account for approximately 90 % of total market for medical devices and Chinese medical device suppliers dominate the scenario. Among the regions of Africa, South Africa and Egypt account for 40 % of market. Other important nations are Nigeria, Morocco and Algeria. Collaboration with large global companies and technical transfer will remain the key strategy for developing the regional African market as can be seen by the example of China.
Key Players for Africa Malaria Diagnosis & Treatment Market:
Some of the key players in this market are: Alere Inc., Access Bio Inc., Premier Medical Corporation, Beckman Coulter/Danaher, bioMerieux, Novartis Diagnostics, Siemens Healthcare, Bio-Rad Laboratories, Cipla Inc., Ipca Laboratories Ltd., Uni-Med India, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Sanofi among others.
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Segments:
Africa Malaria Diagnosis & Treatment Market has been segmented on the basis of technique which comprises rapid diagnostic tests (RDT’S), molecular diagnostics and microscopy. On the basis of malarial parasite; market is segmented into plasmodium falciparum, plasmodium vivax, plasmodium malariae and plasmodium ovale.

List of Tables and Figures:
List Of Tables
Table 1 Africa Malaria Diagnosis & Treatment Market, 2013-2022 (Usd Million)
Table 2 Africa Malaria Diagnosis & Treatment Market, By Technique, 2013-2022 (Usd Million)
Table 3 Africa Malaria Diagnosis & Treatment Market, By Malarial Parasite, 2013-2022 (Usd Million)
Table 4 Africa Malaria Diagnosis & Treatment Market, By Region, 2013-2022 (Usd Million)
List Of Figures
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 Africa Malaria Diagnosis & Treatment Market, By Technique
Figure 4 Africa Malaria Diagnosis & Treatment Market, By Malarial Parasite
Figure 5 Africa Malaria Diagnosis & Treatment Market, By Region
Figure 6 Africa Malaria Diagnosis & Treatment Market: Company Share Analysis, 2015 (%)

...Continued

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Global Acute Myeloid Leukemia Treatment Market Analysis 2018 Forecasts to 2023

The Global Acute Myeloid Leukemia Treatment Market is growing with the rapid pace mainly due to the burgeoning Healthcare Industry.  According to a recent study report published by the Market Research Future, The global market of Acute Myeloid Leukemia Treatment is booming and expected to gain prominence over the forecast period.
Market Scenario
The acute myeloid leukemia (AML) treatment market is rising due to increasing stem cell transplant rates and a number of research pipeline drugs. Most patients are geriatrics aged 65 or over. Population with certain genetic disorders such as Shwachman syndrome, Diamond Blackfan Syndrome, Down syndrome, and certain blood disorder have greater chances of developing AML.
However high disease heterogeneity leads to a lack of standardized treatment which hinders market for AML drugs. The generics such as cytarabine and daunorubicin are dominating the treatment which are being challenged by the new drug developments such as enzyme targeted and anti-tumor-associated antigens/genes therapies such as serine threonine proteins kinases. However the heterogeneity of cancer genes causing AML is making this approach difficult. Stem cell transplants (SCT) has been hampered by high treatment related mortality rates especially for old patients who cannot tolerate it.
The market driving factors are the rising number of stem cell banks and the increase in genetic profiling of cancer genes which is increasing the understanding of AML. The increasing interest and expenditure as well as grants for stem cell research will lead to future growth due to their high potential.
Key players of Global Acute Myeloid Leukemia Treatment Market
Key players profiled in the report are Johnson & Johnson, Pfizer Inc., Celgene Corporation, Ambit Biosciences Corporation, Cyclacel Pharmaceuticals Inc. Novartis AG and Sanofi, Bristol Myers Squibb and others.
Segmentation of Global Acute Myeloid Leukemia Treatment Market
The global acute myeloid leukemia treatment market is segmented on the basis of disease type. Based on the disease type, the market has been segmented as myeloblastic, promyeloctic, myelomonocytic, monocytic, erythroleukemia and megakaryocytic. Based on the treatment, the market has been segmented as chemotherapy, and hematopoietic stem cell transplantation. Chemotherapy is further sub-segmented into induction and post remission.
Intended Audience
Global acute myeloid leukemia treatment solutions providers.
Research and development (R&D) companies
Market research and consulting service providers
Academic institutes and universities

US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and presence of large hospitals. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.
The report for Global Acute myeloid leukemia treatment Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

Detailed Table of Contents:
Table Of Contents
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators

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Intussusception Market 2018 Global Trends, Share, Industry Size, Growth, Opportunities, and Industry Forecast to 2023

Market Synopsis of Global Intussusception Market
Market Scenario
Intussusception, also called bowel obstruction, is a potentially life-threatening condition caused by folding of one part of the intestine into another part, which causes a blockage in the intestine. The blockage hamper the excretion process. Intussusception is dominant in children of age 2 months-2 years. However, adults may also be affected by the intussusception. It commonly occurs where the small and large intestines meet. Additionally, it can occurs due to various causes such as tumors, inflammation, Meckel's diverticulum, duplication, appendix, hyperplasia of Peyer's patches, intestinal surgery, polyps, tumors, inflammation, etc.
It block the blood supply to intestine and causes tissue death. Tissue death can lead to infection, internal bleeding, tearing, damage to the intestines, and peritonitis. The primary symptoms of intussusception include acute abdominal pain, vomiting, nausea, lethargy, blood or mucus in the stools, constipation, etc. The risk factors for intussusception are age, sex, abnormal intestinal formation at birth, a family history, etc.
According to the National health statistics, intussusception affects about 1 in every 1,900 children in the US. Its incidence is more common in children between one to five months, peaking at four to nine months of age, and then gradually declines at around 18 months. Intussusception affects boys and girls, with a ratio of approximately 3:1.
The developments in the surgery segment, such as minimal invasive laparoscopy surgery, is driving the global intussusception market. The drug segment is, however, suffering from market fragmentation, which has put pressure on the price margins. The loss of patents and the rise of counterfeited drugs has also restricted the market growth. The other market constrains are high cost of surgery and complications of the surgery. Market development represents the best strategy for the market growth. The market is expected to witness exponential growth over the review period owing to minimal invasive surgical procedures.
The global intussusception market is expected to reach USD 6.3 billion by 2023, and the market is projected to grow at a CAGR of ~ 4.4 % during the forecast period 2017-2023.
Segments
The global intussusception market has been segmented on the basis of type, diagnosis, treatment, and end user.
Based on the type, the market has been segmented as Ileoileal, Ileocolic, Ileo-ileo-colic, and others.
Based on the diagnosis, the market has been segmented as barium enema, ultrasound, X-ray, computerized tomography (CT), and others.
Based on the surgery, the market has been segmented as surgery, drugs, and others.
Based on the end user, the market has been segmented as hospitals & clinics, academic and research, and others.
Key Players in the Global Intussusception Market
Some of the key players profiled in the report are Pfizer, Inc., Janssen Pharmaceuticals, Inc., Abbott, GlaxoSmithKline plc, sanofi-aventis U.S. LLC. , Novartis AG, Bayer AG, FUJIFILM Holdings Corporation, General Electric Company, Shimadzu Corporation, Carestream Health, Bristol-Myers Squibb Company, and others.
Table Of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry

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Global Magnetic Resonance Imaging (MRI) Market Analysis 2018 Forecasts to 2023

The Global Magnetic Resonance Imaging (MRI) Systems market is expected to be of value USD 5 Billion in 2023 and to grow at a depict 3.5% CAGR during the forecast period. 
Magnetic Resonance Imaging (MRI) Systems Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the magnetic resonance imaging (MRI) systems market. Some of the players are Hitachi, Siemens AG, Canon Medical Systems, GE Healthcare, Philips, Toshiba Corporation, Toshiba Corporation, Xingaoyi, Aurora Imaging Technologies, Inc.
Market Scenario:
Magnetic resonance imaging (MRI) systems is a non-invasive technique in which light is used to interrogate cellular and molecular function in the living body by exploiting the special properties of photons. Magnetic resonance imaging (MRI) systems are surpassing the radiology imaging market due to its myriad advantages over it. This market is mainly driven by rising demand for non-invasive procedures, harmful effects of radiation-based imaging, increase in research and development activities in the life sciences sector, and increasing application of magnetic resonance imaging (MRI) systems techniques in drug discovery processes and preclinical research, Moreover factors such as rising geriatric population which leads to increase in cardiovascular, neurological and ophthalmic disorders is also fueling the growth of this market. However, the market growth is restricted by factors such as stringent regulatory approval procedures high costs of instruments, scarcity of skilled operators, and insufficient reimbursements policies for magnetic resonance imaging (MRI) systems procedures.
Market Segmentation:
The global magnetic resonance imaging (MRI) systems market is segmented on the basis of type, field strength, disease application and end user.
Considering the type, the market is segmented into open MRI, closed MRI, standard bore MRI, wide-bore MRI.
On the basis of field strength, the market is segmented into high-field MRI systems, 1.5t MRI systems, 3t MRI systems, low-to-mid-field MRI systems, very-high-field MRI systems, and others.
On account of disease application, the market is segmented into the spine and musculoskeletal MRI, brain and neurological MRI, pelvic and abdominal MRI, breast MRI, cardiovascular MRI, and others
According to the end user, the market is segmented into diagnostic imaging centers, hospitals and clinics, research laboratories, and pharmaceutical &biotechnology companies.
Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. The American region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.
Regional Market Summary:
In terms of geography, Americas dominates the market for Magnetic Resonance Imaging (MRI) systems owing to increasing prevalence of cardiovascular, neurological and ophthalmic disorders pertaining to rising geriatric population which is a major trigger factor for this disease. Additionally, factors such as increasing government initiatives and funding for research in the medical devices sector, rising demand for accurate diagnosis, awareness about adverse effects of radiation imaging, ability to provide in-depth images of soft tissues and vascular systems, and the presence of pharmaceutical giants also propel the market growth in this region. For instance, according to National Center for Health Statistics report in 2016, around 140,323 mortality occurred due to cerebrovascular disease or stroke in the US Thus, this rising patient pool is going to boost up the market growth during the forecast period.
Europe accounts for the second largest market and holds a healthy share in the global magnetic resonance Imaging (MRI) systems market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, good healthcare infrastructure and flourishing medical device industry due to the presence of major market players. Additionally, knowledge about the benefits of Magnetic Resonance Imaging (MRI) Systems over radiation imaging and capability of inhabitants to afford the diagnostics is spurring the market growth.
Asia Pacific is expected to be the fastest growing market with most promising growth possibilities. According to a report published by the Department of Neurology in 2014, it is estimated that for the current population of 1.27 billion, approximately 30 million people suffer from neurological disorders in India. Thus, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, availability favorable insurance policies market growth will be accelerated during the forecast period.  Moreover, due to lower cost of clinical trials and research key players have been setting up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia which make a positive growth curve in  Magnetic Resonance Imaging (MRI) Systems market in future.
 The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of healthcare industry and rising availability of specialty care centers. Hence, the market might show steady growth due to Saudi Arabia, the UAE market growth, and government initiatives to improve quality of healthcare in the Africa region.
Table of Content
  1. Report Prologue
  2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
  1. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
  1. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
…Continued!

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