Handheld Surgical Devices Market Segmentation Detailed Study With Forecast Up To 2023

 Market Research Future With Their Unique Quality Of Simplifying The Market Research Study, Announces A Deep Study Report On “Handheld Surgical Devices Market Research Report – Forecast To 2023” Gives Industry Size, Top Players And Worldwide Demand

Handheld surgical devices are tools or instruments used by clinicians or surgeons in operation theaters. The nature of surgeries and the seriousness of injuries or diseases can warrant high-end devices. The global handheld surgical devices market report by Market Research Future (MRFR) outlines salient aspects of the industry in a comprehensive manner for readers. It has highlighted trends, opportunities, and challenges for the period of 2018 to 2023 (forecast period).

Also Read : https://www.medgadget.com/2020/04/rise-in-number-of-surgeries-to-drive-global-handheld-surgical-devices-market.html 

Handheld Surgical Devices Market Scope

The global handheld surgical devices market is poised to display a CAGR of 6.8% over the forecast period. Rising number of surgeries is the primary driver of the market. According to the Eurostat report of 2016, close to 1,040.8 cases of cataract surgery and nearly 406 cases of transluminal coronary angioplasty were recorded. The increasing number of diseases has warranted surgical instruments to increase the chances of success. Sterilization solutions designed to ensure the elimination of microbials and other harmful microorganisms can protect doctors and citizens from infections.

Other prominent drivers of the global handheld surgical devices market include a steady demand for cosmetic surgeries, large number of accidents, high patient awareness levels, and technological advancements. As per the World Health Organization (WHO), close to 10 million are injured due to road accidents annually. This can positively impact market growth.

Lack of skilled personnel and stringent government regulations can be challenging for the global handheld surgical devices market.

Handheld Surgical Devices Market Competition Outlook

• Stryker
• Zimmer Biomet Holdings
• B. Braun Melsungen AG
• Aspen Surgical
• Pelion Surgical
• Medtronic
• Integra LifeSciences Corporation
• Medicon Eg
• CooperSurgical Inc.
• Millennium Surgical Corp
• Johnson & Johnson
• Smith & Nephew
• Becton
• Dickinson and Company (BD)
• Thompson Surgical
• KLS Martin
• Elite Medical

are major players of the global handheld surgical devices market.

Handheld Surgical Devices Market Segmentation

The global handheld surgical devices market is segmented by application, product, and end user.

Major market applications include cardiovascular, wound closure, neurology, orthopedics, urology, gynecology, and others.

Products include auxiliary devices, forceps and spatulas, dilators, graspers, cutter devices, retractors, and others. Auxiliary devices are further segmented into closure devices, clamps, and cannulas. Similarly, cutter devices comprise scissor, trocars, and lancets. Lastly, ‘others’ segment includes snares, punches, blunt dissectors, and curettes.

By end user, the global handheld surgical devices market is segmented into research and academic institutes, hospitals, ambulatory surgical centers, clinics, and others. Clinics held a large market share in 2017 due to rising prevalence of chronic conditions.

Handheld Surgical Devices Market Regional Analysis

Geographically, the global handheld surgical devices market covers the Americas, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA).

The Americas can lead the global market due to requirement of diagnosis of chronic conditions and a large susceptible geriatric populace. According to the data of Center for Disease Control & Prevention (CDC), close to 28.1 million were diagnosed with heart disease in the U.S. Large number of cosmetic surgeries in the region owing to emphasis on external appearances can. Europe, on the other hand, is the second largest region due to rise in research and development investments and large number of surgical procedures. According to the WHO, the numbers of chronic diseases in the region can rise at a rapid rate sparking the need for handheld devices.

APAC is expected to showcase the fastest growth in the global handheld surgical devices market owing to the large healthcare expenditure, the expansion of the healthcare sector, and an astounding number of surgical procedures. Emergence of dental clinics amid the background of oral health awareness can fuel the demand for surgical instruments. Lastly, the MEA region has the lowest market share owing to fewer investments in the healthcare sector.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Latest Study Offers Detailed Insights On Cord Blood Banking Services Market 2019

 Market Research Future With Their Unique Quality Of Simplifying The Market Research Study, Announces A Deep Study Report On “Cord Blood Banking Services Market Research Report – Forecast To 2023” Gives Industry Size, Top Players And Worldwide Demand

Cord Blood Banking Services Market Overview

According to Market Research Future (MRFR), the global market for cord blood banking services is projected to expand at 11.4% CAGR from 2017 to 2023 (forecast period).

Umbilical cord blood is an abundant source of stem cells capable of treating more than 80 genetic diseases. Stem cells can also combat long-lasting illnesses such as diabetes, cancer, immune diseases, and blood disorders. Although a small amount of cord blood can be obtained from a single umbilical cord, it contains a large number of stem cells that can be developed and stored for future use. After delivery, these cells are collected from hospitals and nursing homes and deposited in cord blood banks (average 20–25 years) for potential use. Now, companies are seeking to raise awareness of the benefits of cord blood storage. For example, in 2014, the Center for Transfusion Medicine and the Cord Blood Registry combined their resources to initiate a multi-year campaign to raise awareness of cord blood cells.

 Also Read : https://www.medgadget.com/2020/06/cord-blood-banking-services-market-size-2020-covid-19-impact-analysis-global-industry-research-report-growth-technology-development-trends-swot-analysis-top-company-profile-key-regions-foreca.html 

Cord Blood Banking Services Market Dynamics

Factors such as increasing the use of cord blood in the treatment of chronic diseases, raising the focus of federal agencies on setting up public banking units, raising awareness of this treatment line, and increasing number of facilities across the region are accelerating market growth.

However, strict regulatory standards, ethical concerns, and the dilemma of choosing private or public banks are vital factors that impede the growth of the market. In addition, the high cost of storage, collection, and risk of unusability of a private bank-stored unit further reduces the growth of the global market for cord blood banking services.

Cord Blood Banking Services Market Segmentation

The global market for cord blood banking services has been segmented based on storage service, component, application, and end-user.

Based on storage service, the global market for cord blood banking services has been segmented into hybrid cord blood banks, private cord blood banks, and public cord blood banks.

Based on components, the global market for cord blood banking services has been segmented into cord blood, cord tissue, placenta, and others.

Based on the application, the global market for cord blood banking services has been segmented into cancers, immune disorders, blood disorders, metabolic disorders, and osteoporosis.

Based on end-user, the global market for cord blood banking services has been segmented into hospitals (medical applications), research institutes (scientific research), pharmaceutical research (drug discovery), and others.

Cord Blood Banking Services Market Regional Analysis

The global cord blood banking services market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas region held the largest market share of the global market for cord blood banking services due to the increasing number of service providers, increasing awareness of the long-term benefits of cord blood storage, increasing investment in public banking, and reduction in storage costs. In addition, the U.S. is contributing to a significant market share for the global cord blood banking industry. Factors include a rise in per capita income, an increase in the number of storage service providers, and a high acceptance rate for new technology attributed to the largest market share.

The European cord blood banking market is the second-largest market, followed by the Asia Pacific region.

The Asia Pacific region is projected to dominate the global market for cord blood banking services in terms of growth in the forecast period. Although the region currently has a small share of the global market, it is projected to have enormous growth potential as a result of increasing awareness of stem cell banking and significant improvements in health care reforms in countries such as Malaysia, India, Indonesia, and China. Moreover, Asia Pacific is a mostly unexplored regional market compared to developed regions, which is why it provides better opportunities for business growth.

The Middle East region is anticipated to expand at a steady pace due to growing R&D activities in the healthcare sector and the overall growth of healthcare infrastructure.

Cord Blood Banking Services Market Key Players

Some of the leading participants in the global cord blood banking services market are Cordlife Group Limited (Singapore), China Cord Blood Corporation (China), Cord Blood America, Inc. (U.S.), Cryo-Cell International, Inc. (U.S.), CBR Systems, Inc. (U.S.), Cryo-Save AG (Netherland), Lifeforce Cryobank Sciences Inc. (U.S.), California Cryobank Stem Cell Services LLC (U.S.), Virgin Health Bank (Qatar), StemCyte, Inc. (India), ViaCord, Inc. (U.S.), Norton Healthcare, Inc. (U.S.), CordVida (Brazil), CryoHoldco de Latinoamerica, S.A.P.I. De C.V. (Mexico), The University of Colorado Cord Blood Bank (U.S.), Vita 34 International (Germany), Maze Cord Blood Laboratories (U.S.), Lifebank USA (U.S.), Cryoviva Biotech Pvt. Ltd (India), CariCord (U.S.), Genecord (U.S.), AlphaCord (U.S.), Cells4Life (UK), Carter BloodCare (U.S.), Michigan Blood (U.S.), Viacord Processing Laboratory (VPL) (U.S.), LifeCell International Pvt. Ltd (India), FamilyCord (U.S.), Stem Cell Cryobank Inc. (U.S.), New Jersey Cord Blood Bank (U.S.), Americord Registry (U.S.), CorCell (U.S.), and others.

TABLE OF CONTENT

Chapter 1. Report Prologue

Chapter 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

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

…TOC Continued…

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

Blood Testing Market Trends And Drivers Analysis 2019 To 2023

 Market Research Future With Their Unique Quality Of Simplifying The Market Research Study, Announces A Deep Study Report On “Blood Testing Market Research Report – Forecast To 2023” Gives Industry Size, Top Players And Worldwide Demand

Blood Testing Market Overview

Blood testing is common these days. A doctor can prescribe blood tests when the patient has regular checkups to see how their body is working. Many blood tests require no special arrangements. For others, one needs to fast 8 to 12 hours before and during the test. A doctor will advise how to brace for blood tests. A tiny drop of blood is drawn from the body during every blood check. Using a needle it is normally taken from a vein in neck. A finger poke could also be used. The process is typically fast and simple, but it can induce some temporary pain. Many patients have no significant reactions to having blood taken.

Also Read : https://www.medgadget.com/2020/05/latest-analysis-of-covid-19-on-blood-testing-market-2020-industry-analysis-growth-opportunities-fda-approvals-report-outlook-company-players-key-regions-technology-advancement.html 

Home blood test kits are evolving, and their uses are expanding. Tests are used to help diagnose a wide array of illnesses, ranging from STDs and ulcers to Alzheimer’s and tumors. Patients with long-term health problems can use home blood testing kits to reliably track their symptoms, such as diabetics monitoring for checking blood glucose levels, and people interested in their heritage can purchase genetic test kits easily. During 2017 to 2023, the worldwide blood testing market is projected to rise at a CAGR of about 5.5 per cent.

Although simplicity and confidentiality still are key factors driving the blood testing market, the quality and pace of having a result that modern tests provide is vitally important. People are becoming progressively aware of the value of their own wellness and health and are seeking and expecting more personalized healthcare experiences which has led the market to grow at a significantly higher rate. Analysts believe that the market for blood testing is set to retain the pace and the future for the market is secure.

Blood Testing Market Key Players

Some of the key players in the global Blood Testing market are Abbott Laboratories Inc. (U.S.), Baxter International (U.S.), Gen-Probe, Inc. (U.S.), Novartis Diagnostics (U.S.), Becton Dickinson & Company (U.S.), Biomerica, Inc. (U.S.), Cepheid Corporation (U.S.), Meridian Bioscience, Inc. (U.S.), Trinity Biotech (U.S.), Bio-Rad Laboratories Inc. (U.S.), Siemens Healthcare (Germany), Grifols (Spain), Nanosphere Inc. (U.S.), bioMérieux (France), Roche Diagnostics (Switzerland), Alere Inc. (U.S.), Bruker Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.) Beckman Coulter (U.S.), Cardinal Health (U.S.), Danaher Corporation (U.S.), Trividia Health (U.S.), and others.

Blood Testing Market Segmentation

Global blood testing market was fragmented by test type, method, disease, and end-user. Based on the test type, the global market for blood testing has been categorized into lipid panel testing, glucose testing, direct LDL testing, Blood Urea Nitrogen testing, Prostate Specific Antigen testing, high sensitivity C-Reactive Protein testing, A1C testing, Vitamin D testing, thyroid stimulating hormone testing, testosterone testing, alt testing, creatinine testing, AST testing, serum nicotine/cotinine testing, cortisol testing, and others. Based on the type of disease, the market is further segmented into infection, anemia, kidney disorders, leukemia, heart attack, hypokalemia, coronary heart disease, and other diseases. Based on method, the global market for blood testing has been segmented into manual and automated blood culture testing. Additionally, the market has been segmented based on end users which include clinics, research labs, hospitals, diagnostic centers, and others.

Blood Testing Market Regional Overview

The global market for blood testing, on the basis of regions, has been segmented into Europe, the Americas, the Middle East and Africa, and Asia-Pacific. The market study at the company level looks at the production output, ex-factory rate, production sites, manufacturing techniques, sales and profitability for the key market players active in this sector. The report analyzes product consumption, market dynamics and potential opportunities for growth in various regional markets. The research report includes comprehensive data on the key drivers and restraining factors of the blood testing market, business opportunities and threats, as well as other trends that may affect growth in the future.

Blood Testing Industry News

Health experts across the world are demanding widespread COVID-19 blood testing which can decide whether an individual who has the coronavirus is immune now.   Experts conducting blood sample analysis of healthcare workers, saythat the accuracy rate of the test is high although there are still concerns as to how long the immune response of an individual to the infection lasts.

TABLE OF CONTENT

Chapter 1. Report Prologue

Chapter 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

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

….Continued

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

Surgical Equipment Market Volume Forecast And Value Chain Analysis 2020

 Surgical equipment are used for both minor and major surgical procedures in hospitals and surgical centers and have a wide range of application in neurosurgery, ophthalmic surgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others. Electrosurgical devices, surgical sutures and staples, handheld instruments, electrosurgical generators, and monitoring devices are the various equipment that are used in surgeries.

The global surgical equipment market size is expected to grow at a CAGR of 6.2% during the forecast period.

The global surgical equipment market growth is driven by the increasing prevalence of chronic diseases such as cardiovascular diseases, obesity, skin diseases, increasing number of surgeries in ambulatory surgical centers and hospitals, and rising geriatric population. Additionally, the growth of the medical device market, increasing number of surgical centers, and government initiatives have a synergistic effect on the market. However, the growth of the market is restrained by various factors such as high cost of surgical devices and strict regulatory policies for various regulatory authorities.

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Segmentation

The global surgical equipment market is divided into product type, application, and end-user.

On the basis of product type, the market is segmented into surgical sutures and staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. Surgical sutures and staplers are further segmented into absorbable and non-absorbable sutures. Handheld instruments are sub-segmented into forceps, sutures, visual scope, and others. Electrosurgical devices are further categorized into electrosurgical instruments such as HET bipolar system, electrosurgical pencils, smoke evacuation system, electrosurgical generators, and others.

On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.

On the basis of end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.

Key Players

Some of the global surgical equipment market Companies are Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Ethicon US, LLC. (US), Erbe Elektromedizin GmbH (Germany), COVIDIEN (US), CONMED Corporation (US), MEDICON (US), Integra LifeSciences Corporation (US), Synergetics USA, Inc. (US), Stryker Corporation (US), KARL STORZ & Co. (US), and KLS Martin (Germany).

Regional Analysis

Depending on geographic region, surgical equipment market is segmented into four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa. Americas is the largest market for surgical equipment owing to increasing prevalence of different diseases and increasing geriatric population. Moreover, technological innovation in manufacturing of surgical equipment also is also responsible for the growth of this market in the U.S. Large number of patients undergo different kind of surgeries contribute to an increase in the demand of surgical equipment in Americas. Laparoscopic surgeries are done on a large scale in South America favouring the growth of this market. Canada are focusing on exporting surgical equipment’s and surgical suturing material to countries worldwide, which is increasing market in this region. Furthermore, increasing number of hospitals and healthcare services, availability of raw material and better access to labour will fuel the growth of this market.

Europe holds the second largest surgical equipment market share due to increasing prevalence of different types of diseases especially cardiovascular disease are increasing continuously in the developed as well as developing countries due to diabetes, hyper tension and lifestyle habits like smoking, sedentary work and lack of exercise has increased the prevalence of disease. Moreover, increase in chronic diseases has led to increase in the number of surgeries and healthcare organization.

European countries like U.K, Germany and France spend a lot on the manufacturing of medical and surgical devices. Asia pacific is fastest growing region during forecast period.

China dominates the Asia Pacific surgical equipment market owing to the presence of huge geriatric population. India accounts for the second largest market, which is followed by Japan and Australia. Huge population base, rapidly changing economy, increasing prevalence of chronic diseases, increasing healthcare expenditure, and increasing number of companies have encouraged the market growth in India and China. Recent economic data suggests that China and Southeast Asia are poised to join the ranks of the high-growth Asian economies such as Korea and Taiwan. On the other hand, the Middle East & Africa have the least market share. Additionally, factors such as lack of awareness, low healthcare expenditures will restrain the market during the corresponding period.

Latest Industry News

• Surgical services at the Georgetown Public Hospital have received a donation of medical equipment and supplies from the government of China. 28 DEC 2018
• AppOrtho is utilizing the High Country’s first robot-assisted surgery system to aid with knee replacement surgeries. 3 JAN 2019

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Ophthalmic Suspension Market 2019 Analysis, Opportunities And Forecast To 2023

 Market Scenario

The global ophthalmic suspension market is expected to exhibit a strong 6.8% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report profiles the leading players in the global ophthalmic suspension market to provide readers with a clear picture of the major drivers and restraints affecting the market growth over the forecast period. The global ophthalmic suspension market is also analyzed with respect to its segmentation in order to pinpoint the leading segments likely to drive the market’s progress over the coming years.

The suspension in the form of used to treat eye infections and related symptoms are generally termed as ophthalmic suspension. Generally it used in a combination of two such as antibiotics and a corticosteroid for more effective treatment. Various bacterial eye infections such as conjunctivitis are treated by ophthalmic suspension.   

Increasing prevalence of eye diseases across the globe is one of the major factors contributing to the growth of this ophthalmic suspension market share. Moreover, increasing geriatric population which are most prone to eye disorders, and growing number of bacterial infections cases in children will also boost the growth of the market. Furthermore, according to WHO (2014), glaucoma is the second major cause of blindness in the world which will increase the market growth.

On the other hand, the side-effects of ophthalmic suspension may hamper the market growth during the corresponding period.

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Key Players 

• Novartis AG (Alcon)
• ALLERGAN
• Pfizer Inc.
• Merck & Co., Inc.
• Bausch & Lomb Incorporated
• Falcon Group
• Valeant
• Bayer AG
• Genentech, Inc.   

Segmentation

The global ophthalmic suspension market is segmented on the basis of type of content, which is segmented into antibiotic, antifungal, antibacterial, steroids, NSAIDs (non-steroidal anti-inflammatory drugs) and others.

On the basis of applications, it is segmented into bacterial infections, retinal disorders, glaucoma, allergies, diabetic eye disease, and others. Bacterial infection is further conjunctivitis, scleritis, and others. Retinal disorder is further segmented into macular degeneration, branch retinal vein occlusion, central retinal vein occlusion, congenital x-linked retinoschisis, and others.   

On the basis of end user, the market is segmented into hospitals, eye clinics, pharmacies, and others.

Regional Analysis

The American region accounted for the largest share of the global ophthalmic suspension market due to increasing prevalence of eye related diseases and increasing demand for new ophthalmic suspension for its treatment. Moreover, increasing geriatric population is another major factor responsible for the market growth in American countries.

In Asia Pacific, increasing government support for research & development in healthcare domain, growing number of ophthalmic clinics, and increasing prevalence of eye related diseases drives the growth of the market in this region.

Europe is the second largest ophthalmic suspension market across the globe owing to increasing awareness regarding eye related diseases, growing technological advancements in healthcare domain and increasing investment in healthcare domain by government.

The Middle East & Africa is expected to show a least market share due to less availability of medical facilities, and less development in healthcare domain.

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Drug allergy Market Dynamics, Forecast, Analysis And Supply Demand 2019

 Market Synopsis:

The multiplying number of researches for treatments of allergies induced by drugs has catapulted the market expansion of drug allergy market. Market Research Future (MRFR) has asserted in its latest report that the global drug allergy market share will grow at a healthy CAGR of 5.1% during the forecast period and its estimated market value will reach USD 4764 Mn by 2023.

With increasing prevalence of diseases, the drug intake, as well as allergic reactions to it, has been on the rise. The trend is expected to continue over the next couple of years and fuel the growth of drug allergy market. The rising awareness about the side effects of drugs and amplified research & development activities for the development of treatments and cures will accelerate the market expansion.

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Drug allergy can be induced by any drug whether prescribed or non-prescribed. Although herbal products are deemed to be on the safer side, some of the herbal medicines can cause allergic reactions. The wide prevalence of drug allergy problem has opened up avenues for the market players to tap the unexplored opportunities which will lead to the growth and expansion of the market throughout the projection period.

Market Segmentation:

By type, drug allergy market has been segmented into immunologic, non-immunologic, and others. The immunologic allergy segment is sub-segmented into type I reaction, type II reaction, type III reaction, type IV reaction, and others. The non-immunologic allergy segment has been sub-segmented into predictable, unpredictable, and others. The predictable segment is further segmented into pharmacologic side effect, secondary pharmacologic side effect, drug toxicity, drug-drug interactions, drug overdose, and others. The unpredictable segment is further sub-segmented into pseudoallergic, idiosyncratic, intolerance, and others.

By diagnosis, the market for drug allergy is segmented into skin tests, blood tests, and others.

By treatment, the market has been segmented into antihistamines, corticosteroids, and others. Antihistamines segment is further sub-segmented into azelastine eyedrops, azelastine nasal sprays, carbinoxamine, cyproheptadine, desloratadine, diphenhydramine, emedastine eyedrops, hydroxyzine, levocabastine eyedrops, levocabastine oral, and others. Corticosteroids segment has been further sub-segmented into topical steroids, inhaled steroids, and others. Inhaled steroids segment is further sub-segmented into flunisolide, fluticasone furoate, fluticasone propionate, triamcinolone acetonide, beclomethasone dipropionate, budesonide, and others.

By end-user, the market is segmented into hospitals & clinics, medical research centers, academic institutes, and others. The hospitals & clinics segment will account for the most significant share of the market over the assessment period.

Regional Analysis:

By region, the global drug allergy market has been segmented into Asia Pacific, Europe, Americas, and, Middle East & Africa. The Americas region encompasses North America and Latin America. North America market is projected to demonstrate a steeper upward shift than the Latin America market with the U.S. being the primary revenue generator in the region. The countries that will play a crucial role in the Latin America market expansion are Brazil, Argentina, and Chile.

Europe market holds the second spot in terms of market size and includes Western Europe and Eastern Europe. The developed economies such as France, Germany, and the U.K. are driving the market growth through increased demand in Western Europe region. Eastern Europe market is projected to thrive at a healthy CAGR over the next couple of years.

Asia Pacific market will exhibit the highest growth during the forecast period owing to factors such as increased product offerings for drug allergy treatment, developments in the healthcare sector, rising incidences of drug allergy, etc. Japan is poised to be the principal shareholder in the market with China demonstrating excessive potential for growth across the assessment period.

Although the Middle East & Africa market is poised to exhibit sluggish growth, the developed healthcare sector of Middle East region will fuel the growth of the market in the region.

Competitive Dashboard:

Some of the key players profiled by MRFR include AstraZeneca (U.K.), Circassia (U.S.), Johnson & Johnson Services, Inc. (U.S.), Stallergenes Greer (U.K.), Bayer (U.S.), HAL Allergy Group (the Netherlands), and, MAGNA Pharmaceuticals, Inc. (U.S.). The top-notch players exercise vigorous competition and avail of opportunities such as strategic alliances, product developments, acquisitions & mergers, etc. to garner more control of the market.

Industry Developments:

Researchers have developed a way to manipulate the location of molecules within individual cells. The scientists can determine exactly which location has harmful effects and which location can enhance treatment.

A convolutional neural network has been developed by computer scientists in Stanford University for predicting side effects such as allergies induced due to intake of drug. The solution developed is named Decagon and it has outperformed alternative approaches by 19.7% (AUROC), 22.0% (AUPRC) and 36.3% (AP@50).

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Molecular Modelling Market Segmentation Detailed Study With Forecast Up To 2023

 Market Scenario

Molecular modelling comprises an array of computational techniques used in creation, manipulation, and representation of the various reactions and structures of molecules. Molecular Modelling applications included drug discovery and development but have since extended into computational chemistry and materials science. Rising use of molecular modelling by scientists to run multiple simulations can expedite the drug development process considerably.

The global molecular modelling market growth is anticipated to expand at a 15.16% CAGR from 2018 to 2023 (forecast period), according to the latest report by Market Research Future (MRFR). Investments in R&D by pharmaceutical and biotechnology companies and prevalence of chronic diseases are factors certain to spur market growth over the forecast period.

According to the Brookings Private Sector Global Health R&D Project, nearly USD 159.9 Bn has been dispensed for healthcare R&D in developed and developing regions. Out of which, the majority can be credited to pharmaceutical companies. The booming biosimilars and biologics industry is bound to propel the market demand in the coming years. But the high R&D expenditure can impede market growth.

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Report Overview

The report covers the latest trends affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global molecular modelling market segmented by product, application, end-user, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Segment Overview

Products in the molecular modelling market include software and services. Major applications include drug discovery, drug development, and others. Drug discovery is sub-segmented into direct drug design, indirect drug design, and molecular mimicry. End-users of the market include research centers and academic institutions, pharmaceutical and biotechnology companies, and others.

The segments covered in the report are analyzed with respect to four major regions – Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The definition and advantages of “molecular modelling” is outlined in the report for a comprehensive understanding of the market. The report discusses in detail the various players and their respective strategies to enhance their value chain.

Competitive Landscape

Some of the key players in the molecular modelling market include Cresset, Acellera Ltd., Schrödinger, LLC, Optibrium, BioSolve-IT, Simulations Plus, Inc., Chemical Computing Group, Certara, L.P, OpenEye Scientific Software, Dassault Systèmes, Cambridge Crystallographic Data Centre, and others. New product launches and clinical trials are used to gauge the success of drugs. Various strategies such as acquisitions, partnerships, joint ventures, and distribution agreements are used by these players to gain a major share in the market.

The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are discussed in granular detail.

Opportunity:

Countries situated near the equator have become the budding ground for many chronic diseases such as chagas, dengue, leprosy, and rabies due to problematic climactic conditions forcing these countries to employ the latest advancements into their system. Governments of developing countries have initiated education programs and projects such as the Janala Project in Bangladesh, ProjectABC in Nigeria, Tostan in Senegal, Yoza in South Africa, and BridgeIT in Tanzania, and others to create awareness regarding the conditions and healthcare IT tools.

Regional Analysis

The Americas dominates the global molecular modelling market owing to well-developed technology, increasing prevalence of the people suffering from cardiovascular diseases, and increasing government support for research & development. Furthermore, high healthcare expenditure and increasing R&D activities have fuelled the growth of the market in this region.

Europe holds the second position in the global molecular modelling market, which is followed by Asia Pacific. It is expected that the government support for research & development and availability of funds for research will drive the market. Asia Pacific is the fastest growing molecular modelling market due to the presence of rapidly growing economy, developing healthcare technology, increasing healthcare expenditure, and huge patient pool.

On the other hand, the Middle East & Africa holds the least share of the market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.

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