Controlled Release Drug Delivery Market to Witness Widespread Expansion During 2020 to 2023

 Controlled Release Drug Delivery Market Highlights

Controlled release drug delivery provides drug-encapsulating devices from which therapeutic molecules are released at a controlled rate for a period of time, that can be adjusted from days to months. These products are applicable for all age group, but it is highly preferred for the old age and pediatric population to reduce to dose and administer a uniform amount of drug. The key factors responsible for driving this market are growing R&D in the healthcare industry, increasing deaths due to overdose, and rising health-related problems due to the high dose.
Controlled release drug delivery maintains the plasma concentration for various treatment for a period of time. There are different innovative techniques by which the drug can be delivered in controlled amounts. The various ways could be oral form, through nasal, injection and many more, but the oral route is more preferred compared to other form.

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The controlled release drug delivery market was estimated USD 31.96 billion in 2017 and expected to reach USD 70.15 billion by 2023 at a CAGR of 14.0% during the forecast period. However, factors such as less awareness and higher cost per dosage may hinder the market growth during the forecast period.

Segmentation

The global controlled release drug delivery system market is segmented on the basis of route of administration, release mechanism, products, and end user.
By route of administration the market is segmented into oral, injectable, ocular, nasal, topical and implantable. The injectable is sub-segmented into targeted delivery, transmucosal, and transdermal. On the basis of release mechanism, the market is segmented into polymer-based drug delivery systems, micro-reservoir partition-controlled drug delivery systems, feedback-regulated drug delivery systems, activation modulated drug delivery systems, and chemically activated controlled drug delivery systems. The activation modulated drug delivery systems are sub-segmented into osmotic pressure activated drug delivery, hydrodynamic pressure activated drug delivery, vapor pressure activated drug delivery, mechanically activated drug, magnetically activated drug. The chemically activated controlled drug delivery systems are sub-segmented into pH-activated drug delivery, hydrolysis activated drug delivery, enzyme activated drug delivery.
On the basis of products, the market is segmented into metered dose inhalers, needle-free injectors, auto-injectors, nasal sprays, transdermal patches, nebulizers, infusion pumps, drug-eluting stents, sustained release, and ocular implants. By end user, the market is segmented into hospital and clinics, personal use, research centers, and others.


Regional Analysis

The Americas is expected to lead the global controlled release drug delivery market owing to the increasing government support for the development of controlled release drug delivery and rising investments in research & development are enhancing the market growth in the region. The increasing prevalence of chronic diseases such as diabetes, cancer, respiratory diseases, Alzheimer’s, etc. are also contributing the market growth. According to the National Cancer Institute, it is estimated that 1,735,350 people will be diagnosed with cancer and 609,640 adults will die in the US in 2018. The increasing number of a cancer patient may boost the market growth in this region.
Europe holds the second largest market for controlled release drug delivery during the forecast period. The rising number of New Drug Application (NDA) and Abbreviated new drug application (ANDA) applications in the region is also supporting and playing a significant role in the growth of the regional market. Apart from this, the rising geriatric population in Europe enhances the market. According to the Office for National Statistics 2017, the UK population is getting older with 18% aged 65 and above and 2.4% aged 85 years. The increasing in aging may boost the controlled release drug delivery market.
Asia-Pacific was expected to be the fastest growing region for the global controlled release drug delivery market. The market is expected to observe high growth owing to the increasing support by government and private funding agencies for the development of healthcare products and increasing expansion in pharmaceutical industries by India, Japan and China support the market growth in this region.
The Middle East and Africa holds the lowest share for controlled release drug delivery market due to the less per capita income and fewer healthcare facilities. However, the growing campaigns for creating awareness about healthcare facilities may increase the market growth in the Middle East and Africa.

Key Players

Some of the key players in the global controlled release drug delivery market are Depomed, Inc. (US), Coating Place, Inc.(US), Corium International Inc.(US), Alza Corporation (Johnson & Johnson)(US), Pfizer Inc.(US), SKY Pharmaceuticals Pvt. Ltd.(China), AstraZeneca (US),Biogen (US), GlaxoSmithKline (UK), Novartis (UK), Allergan (‎Ireland), Collegium Pharmaceutical(US), and others.

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Global Biologics Safety Testing Market Expected to Grow with a healthy CAGR

 

Market Highlights:

The global biologics safety testing market size held a value of USD 2.79 billion in the year 2017 and is expected to register a CAGR of 13.6% during the forecast period. Biologics safety testing is required for all biopharmaceutical products and vaccines to ensure the product is safe and free of contaminants.

Growing pharmaceutical and biotech industry and increasing demand for biological products are expected to drive the growth of the market. However, stringent government regulations for the approval of biosimilars and high cost of drug development are likely to hamper the market growth over the forecast period.
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Regional Analysis:

Geographically, the Americas is expected to dominate the global market owing to the presence of well-established players and rising demand for biological products. Europe is expected to hold the second largest position in the global market owing to the growing pharma and biotech industry. Asia-Pacific is expected to be the fastest growing market owing to the increasing demand for biologics products. Furthermore, the Middle East and Africa region is expected to account for the least market share in the global market.

Segmentation:

The global biologics safety testing market has been segmented into product, test type, and application.

Based on product, the market is segmented into kits & reagents, services, and instruments. The kits & reagents segment is expected to account for the largest share segment of the global market in 2017.

Based on test type, the market is segmented into sterility tests, endotoxin tests, cell line authentication and characterization tests, residual host contamination detection tests, adventitious agent detection tests, bioburden tests, and others.

Based on application, market segmented into vaccine and therapeutics development, blood and blood-related products testing, cellular and gene therapy, tissue and tissue-related products testing, and stem cell research.

Key Players:

Some of the prominent players in the global biologics safety testing market are Merck KGaA, Charles River Laboratories, Sartorius AG, Lonza Group Ltd., SGS S.A., Thermo Fisher Scientific Inc, Wuxi Apptec, Cytovance Biologics, Inc., Avance Biosciences Inc., and Eurofins Scientific.

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Diagnostic Imaging Market Estimated to Witness a Staggering Growth by 2023

 

Market Highlights:

Diagnostic imaging helps to understand the functioning of body parts and create visual representation of interior of the body and provides support in detection of medical disorder. The continues increase in geriatric population, increasing prevalence of chronic diseases, and  technological advancements are the major factors driving the growth of the global diagnostic imaging market. Additionally, increasing investment in R&D and aggressive strategies adopted by the major players, such as new product launches along with merger and acquisitions, are contributing to the growth of the market. For instance, in March 2017, General Electric Company announced the acquisition of Monica healthcare  for undisclosed amount, with this transaction the company will gain control over 1000 sites of Monica healthcare across Europe, Asia and north America .
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The high costs associated with diagnostic imaging devices, unfavorable reimbursement policies and scarcity of technicians are likely to hinder market growth during the forecast period.

Regional Analysis:

The market in the Americas is expected to dominate the global diagnostic imaging market during the forecast period due to the increasing number of patients suffering from chronic diseases,  surge in geriatric population, rising prevalence of cancer, and well-established healthcare system

The European market is expected to hold the second position in the global diagnostic imaging market owing to the government support and favorable regulatory policies, increasing medical and diagnostic centers, and increasing healthcare expenditure. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to the increasing population and subsequently increasing chronic diseases, rising investment in healthcare and increase in disposable income. The market in the Middle East & Africa is likely to hold  the smallest share of the global diagnostic imaging market.

Segmentation:

The global diagnostic imaging market has been segmented on the basis of product, source, and application.

Based on  product type, the market has been divided into x-ray equipment, ultrasound imaging systems, nuclear imaging systems, magnetic resonance imaging (MRI), computed tomography (CT) scanners, and other products

The market, by application, has been segmented into gynecology, oncology, orthopedics, cardiology, gastroenterology, neurology, and other applications

The end-user segment has been further divided into hospitals and clinics, diagnostic centers, research institutes, and others.     

Key Players:

Some of the key players in the global diagnostic imaging market are Siemens Healthcare Private Limited, Koninklijke Philips N.V.,CANON MEDICAL SYSTEMS CORPORATION, Shimadzu Corporation, Carestream Health,Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation,FUJIFILM Holdings Corporation, Hitachi Medical Systems, and Hologic Inc.

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Abetalipoproteinemia Monitoring Systems Market is expected to rise at a remarkable CAGR By 2023

 The abetalipoproteinemia monitoring systems market is profiting as awareness regarding physiological disorders is rising and cases getting registered more and more every day. The disease is caused by a mutation in microsomal triglyceride transfer protein. It can perturb the gastrointestinal system, eyes, nervous system, and blood circulation. The disease further unsettles the normal absorption process of fat and fat-soluble vitamins from food. The global abetalipoproteinemia monitoring systems market is expecting an impressive 9.8% CAGR during the forecast period (2018-2023).

In the process, the market can also scale its valuation to USD 147 million by 2023, claims Market Research Future (MRFR). The report further encompasses market drivers such as supportive treatment that backs the treatment properly, along with, well-structured diagnostic treatment facility.
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On reverso, the disease is so rare that a substantial patient pool to support the abetalipoproteinemia monitoring systems market growth seems to be a far-fetched plan. Furthermore, vision loss is a problem that can deter many from availing the necessary treatment. However, gene therapy treatment is advancing significantly and can steer away from the abetalipoproteinemia monitoring systems market from sluggish growth in the coming years.       

Abetalipoproteinemia Monitoring Systems Market – Competition Insight:

The abetalipoproteinemia monitoring systems market is banking mostly on the strategies implemented by prominent companies with significant market impact. These tactics, not only help in individual sustenance but assists in expansion for the market as a whole. Merger, acquisition, collaboration, product launch, and other methods are few examples of such extensive procedures that are bound to impact the market.

Major market influencers of the abetalipoproteinemia treatment market are Lonza, Piramal Pharma Solutions, Abbott Laboratories, Koninklijke DSM N.V., and Barrington Nutritionals.

Abetalipoproteinemia Monitoring Systems Market – Segmentation:

The global abetalipoproteinemia monitoring systems market can be segmented by diagnosis, blood testing treatment, and end-user.

Diagnosis-wise, the abetalipoproteinemia monitoring systems market includes molecular genetic testing and blood testing. Molecular genetic testing has the maximum market share and is expected to grow further with the fastest CAGR during the forecast period.  

Based on blood testing treatment, the abetalipoproteinemia monitoring systems market consists fat-soluble vitamins supplementation and others. Fat-soluble vitamins supplementation is taking charge of the segment.

Based on end-user, the abetalipoproteinemia monitoring systems market comprises hospitals & clinics, diagnostics lab, and others. Hospitals & clinics segment fetch in the maximum revenue.

Abetalipoproteinemia Monitoring Systems Market – Regional Analysis:

The Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are prominent regions on the basis of which the report on abetalipoproteinemia monitoring systems market has been made.

The Americas can be further segmented into North and South America. North America includes the U.S. and Canada, two countries with superlative medical facilities. Medical infrastructure and reimbursement policies are quite supportive. However, the disease is so rare that a substantial growth based is highly unlikely. The region can expect moderate growth during the forecast period.

Europe shares similar features with the market of the Americas. Its research and development facilities are quite astounding and, like the Americas, Europe too has several companies based out of the region to support the market expansion.

The APAC is the new booming market. Medical tourism is gaining popularity and infrastructure in many countries are getting revamped owing to which the region can record significant growth. Furthermore, just like the MEA market, the region has several countries with huge population suffering from malnutrition which is also a major trigger for abetalipoproteinemia.

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Medical Pendant Market to Witness Widespread Expansion During 2020 to 2023

 

Medical Pendant Market – Overview:

The Global Medical Pendant Systems Market is presumed to garner USD 149.01 million during the forecast period (2017-2023). The market is anticipated to register 7% CAGR owing to the technological advancements, asserts Market Research Future (MRFR). Medical pendant is referred to as a wireless device which is designed to alert the healthcare professionals about the occurrence of any hazard or emergency which require immediate attention. A medical pendant system is usually installed on the ceiling of a hospital with a strong body system which is built of supporting rods and stainless-steel extensions. They are compact with customizable configurations to fulfill the requirements of healthcare centers and hospitals.
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The growing need for low-risk and safe workspace for medical workforce is fueling the global medical pendant market during the assessment period. Technological advancements such as button-press enabled medical pendants which facilitate the system’s arm movement are further fostering the global market. Devices with multifaceted designs and ultra-flexible configurations are commercially available which focuses on fulfilling the requirements of the healthcare specialties. Such devices are expected to gain traction across the globe which is further likely to trigger the market growth in the coming years. Moreover, growing demand for medical pendants in the ICU and operating theatres are likely to spur the market growth.

On the flip side, high cost of medical pendants coupled with the lack of professional technicians are anticipated to impede the market growth in the coming years.

Medical Pendant Market – Competitive Dashboard:

The noteworthy players operating the global medical pendant market are MEDIMAXKOREA, Starkstrom, Tedisel Medical, Megasan Medikal, Surgiris, Brandon Medical Co. Ltd., BeaconMedæs, Skytron LLC, Elektra Hellas S.A., and Ondal Medical Systems GmbH.

Medical Pendant Market: Segmental Analysis:

The global medical pendant market has been segmented on the basis of product, application, and region.By mode of product, the global medical pendant market has been segmented into fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories. Among these, the fixed pendants hold the largest market share, whereas the single arm moveable pendants account for the fastest growing segment.

By mode of application, the global medical pendant market has been segmented into hospital, clinics and others. The hospital segment is further sub-segmented into intensive care unit (ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among these, the clinics segment is expected to be the fastest growing segment.

Medical Pendant Market – Regional Insights:

Geographically, the global medical pendant market span across major four regions, namely Europe, America, Asia Pacific, and the Middle East & Africa.

The North American region in the Americas is presumed to dominate the global medical pendant market in terms of revenue owing to the presence of world class healthcare infrastructure, advanced facilities, top notch healthcare practices, and strict mandates from the regulating authorities.

The Asia Pacific region is anticipated to account for the fastest growth owing to the rapid growth in the healthcare infrastructure, increased spending, and government initiatives and focus on better healthcare practices owing to the rising medical tourism industry.

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Global Hemodynamic Monitoring Systems Market Racing to a Heightened Growth by 2023

 The hemodynamic monitoring systems market is growing pervasively mainly due to the growing rate of cardiovascular disorders, worldwide. In the year, the hemodynamic monitoring systems market had valued at USD 780 MN which is expected to reach USD 1,054 MN by 2023, registering 7.3% CAGR during the forecast period (2017-2023).

Over the last couple of decades, incidence of diseases and disorders related to the heart and blood pressure have increased drastically. Sadly, the figure is growing every year. Although a number of precautionary measures and innovative therapies are taken care of, the prevalence of these diseases is rising continuously, becoming a major concern. Such factors are commutatively contributing to the growth of the hemodynamic monitoring systems market, globally.

Increasing technological advancements in the field of heart care drive the market growth. The global hemodynamic monitoring systems market size is heading with the pervasively rising number of patients suffering from arterial diseases led by the sedentary lifestyle.

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On the flip side, factors such as stringent government regulations and unfavorable reimbursement policies in some countries are acting as a headwind that is obstructing the market growth. Besides, the lack of skilled healthcare professionals is expected to the hamper the market growth. 

Hemodynamic Monitoring Systems Market – Segmentations

The global hemodynamic monitoring systems market has been segmented on the basis of product, type, end-use, and region.

By product, the market is segmented into disposables, monitors, minimally invasive, and others. Among these, the segment – monitors accounts for the largest segment.

By type, the market is segmented into invasive, non-invasive, and others. Out of these, the Invasive accounts for the major segment.

By end-user, the market is segmented into hospitals, clinics, ambulatory care centers, home care settings, and others.  The segment hospitals and clinics is the largest segment.

By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Out of these, the Americas region dominates the market, whereas the Asia Pacific region accounts for the fastest growing region.

Hemodynamic Monitoring Systems Market – Geographical Analysis

North America accounts for the leading share in the market for the hemodynamic monitoring systems. Factors positively impacting the market growth in the region include the high per capita health care expenditures and rapid uptake of advanced technologies in the growing healthcare sector.

Moreover, the rising geriatric population along with the increasing prevalence of high/low BP, cardiovascular diseases, hypertension, and obesity issues that are leading to heart diseases & disorders are fuelling the market growth in the region.

Furthermore, the presence of well-established market players along with the growing number of patients suffering from major/minor heart issues is positively impacting the growth in the regional market.

The Europe hemodynamic monitoring systems market accounts for the second-largest market, globally.  Attributing to the increasing healthcare expenditure, availability of advanced treatment facilities, and government initiatives, the market is estimated to register a remarkable CAGR during the forecast period (2017-2023). Increasing cardiovascular issues in the region are becoming paramount concerns which, in turn, are contributing to the market growth.

The hemodynamic monitoring systems market in the Asia Pacific region is rapidly emerging as a promising market. Growing number of aging populaces alongside the prevalence of cardiac disorders growing at an alarming rate are driving the market in the region. Also, some of the other dominant factors such as the faster adoption of healthcare technology, government initiatives to improve the quality of healthcare, favorable insurance, and reimbursement policies are fostering the growth of the APAC market.

Hemodynamic Monitoring Systems Market – Key Players

Some of the market leaders profiled in the report are Argon Medica, Teleflex Incorporated, Osypka Medical, Edwards Lifesciences Corporation; PULSION Medical Systems SE, LiDCO Group plc, Cheetah Medical, Deltex Medical Group Plc., ICU Medical, Osypka Medical GmbH, CareTaker Medical, CNSystems, NI Medical, and Uscom.

Innovation, mergers & acquisitions, product launch, and regional expansion remain the key strategies for these players to maintain their market positions.

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Global Vascular Patches Market Expected to Grow with a healthy CAGR

 The Global Vascular Patches Market is estimated to grow double fold by the end of 2023. The market is mainly driven by the burgeoning healthcare sector. In 2017, the market had valued at USD 4.1 Bn which is expected to reach USD 6.1 Bn by 2023, registering 4.1% CAGR during the forecast period (2018-2023).

Deskbound lifestyle, anxiety, stress and high consumption of junk food are the key causes of cardiovascular diseases. Sedentary lifestyle mirrors the demand for vascular surgeries and hence, patches. Moreover, the increasing number of cases of cardiovascular diseases are supporting the vascular patches market to grow rapidly.

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Increasing awareness about the availability of cardiovascular surgical procedures and the emergence of robotically assisted surgeries such as coronary artery bypass, valvuloplasty, and valvular replacement are escalating the vascular patches market to greater heights.

Furthermore, the demand for optimization of efficacy and safety monitoring along with the technological advancements, are fostering the market growth, recovering patients earlier than the estimated time which is further saving the cost of the hospital stay.

Global Vascular Patches Market – Segments

The global vascular patches market has been segmented on the basis of material, application, end-user, and regions. By material, the market is segmented into biologic vascular patches and synthetic vascular patches. 

Among these, the segment biologic vascular patches account for the major segment, whereas, the synthetic vascular patches segment accounts for the fastest growing segment.

By application, the market is segmented into carotid endarterectomy and open repair of abdominal aortic aneurysms vascular bypass surgery

Out of these, the segment carotid endarterectomy accounts for the largest segment, whereas, the open repair of abdominal aortic aneurysms vascular bypass surgery is the fastest growing segment.

By end-user the market is segmented into hospitals & clinics and ambulatory surgical centers, and others.  The segment hospitals & clinics is the largest segment, whereas the ambulatory surgical centers is deemed to be the fastest growing segment.

Global Vascular Patches Market – Regional Analysis

By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Out of these, the Americas region dominates the market, whereas the Asia Pacific region accounts for the fastest growing region.

Globally North America accounted for the largest share in the Americas vascular patches market. It is expected to grow with a substantial CAGR during the forecast period. Rising prevalence of cardiovascular diseases in the U.S. and Canada along with the high per capita healthcare spending and the growing population are expected to spur the growth of this vertical in the region. Moreover, the rapid uptake of advanced technologies and devices in the surgical process is also an essential driver of the market. The presence of the major manufacturers is fueling the market in the region.

The European region accounts for the second-largest market for vascular patches owing to the factors such as the high per capita healthcare expenses and raising awareness towards advancements in vascular procedures and patches, positively impact the market growth in the region.  Also, the resurging economy is playing a vital role in increasing the market value in the region.

Whereas, the Asia Pacific region is emerging as the fastest growing market for vascular patches. Factors such as the growing healthcare sector in highly populated countries such as India and China substantiate the market growth in the region.  Furthermore, factors like the increasing geriatric populace, rising cases of patients suffering from chronic coronary diseases, growing awareness about healthcare, influence the market growth positively.

Global Vascular Patches Market – Key Players

Some of the market leaders profiled in the report are C.R. Bard, Inc. (U.S.), Terumo Corporation (Japan), B. Braun Melsungen AG (Germany), Maquet (Germany), LeMaitre Vascular, Inc. (U.S.), W. L. Gore & Associates, Inc. (US), CryoLife, Inc. (U.S.), Admedus (Australia), Labcor Laboratórios Ltda (Brazil), Edwards Lifesciences Corporation (U.S.), and Baxter International Inc. (U.S.).

Innovation, mergers & acquisitions, product launch, and regional expansion remain the key trends for these players to maintain their market positions.

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