Radiology Services Market | Worldwide Top key Players Profile Analysis | Forecast till 2023

 The global radiology services market size accounted for USD 8,102.51 million in 2018 and is expected to register a CAGR of 10.5% during the forecast period (2019–2024).

Radiology is the technology that diagnosis and treat diseases within the human body by using medical imaging. The radiology services are served by the radiologists and experts that are qualified for performing the test and have unique postgraduate medical education in, radiation effects on the human body, radiation safety/protection, appropriate performance and interpretation of quality radiologic, and medical imaging examinations. Radiology services comprise X-Rays, computed tomography (CT), ultrasound, fusion imaging, positron emission tomography (PET), nuclear medicine, and magnetic resonance imaging (MRI). These imaging techniques should be performed after having adequate training and understanding of radiation safety and protection.

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The rising prevalence of the chronic disease, increasing healthcare expenditure, the emergence of thin client 3D viewers, advancement in radiology technology, rising demand for minimally invasive procedures are expected to drive the growth of the market. Moreover, rising R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, In June 2018, FDA has anticipated reclassifying some types of radiology image software analyzers from class III to class II devices for mammography breast cancer, ultrasound breast lesions, and radiograph lung nodules. This will help to reduce the regulatory burden on the medical device industry.

However, the risk of high radiation exposure associated with the devices may hamper the growth of the market during the assessment period.

Segmentation

The global radiology services market has been segmented on the basis of product type, application, technology, end user, and region.

On the basis of product type, the market has been classified as stationary digital radiology systems and portable digital radiology systems. Stationary digital radiology systems have been further segmented into stationary ceiling-mounted systems and floor-to-ceiling mounted system. Based on application, the market has been segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others. The market, by technology, has been segmented into computed radiology and direct digital radiology. On the basis of end user, the market has been classified as hospitals, diagnostic centers, and others. The stationary digital radiology segment is expected to hold the largest market share of the radiology services market due to acceptance of stationary systems in hospitals, extensive application, and less exposure to radiation. However, portable digital radiology segment is showing the highest growth rate owing to simplicity in the workflow, low-cost, and proficiency performing complex computational tasks.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The radiology services market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European radiology services market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The radiology services market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The radiology services market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

Some of the key players in the global radiology services market are 4ways Healthcare Limited, Cybernet Medical Corporation, Everlight Radiology, Global Diagnostics, Medica Reporting Ltd., Onrad, Inc, Radisphere National Radiology Group Inc., RamSoft Inc., Siemens Healthcare, Telediagnostics Services Pvt. Ltd., Telemedicine Clinic, Teleradiology Solutions Inc, and Virtual Radiology (vRAD).

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Flat Panel Detector (FPD) Market – A market with high CAGR and return on investment by 2023

 Flat Panel Detector (FPD) Market Scope

The global flat panel detector (FPD) market size is predicted to expand at 6.7% CAGR over the forecast period. Investments in digital imaging technologies for attaining accurate images of the internal body can drive the market demand. Dropping prices of digital detectors and the growing medical tourism can positively affect market growth. Developments in digital mammography with the help of FPDs can detect abnormalities in the body. This has worked well in breast cancer diagnostics and aided in storage of images in picture archiving and communication systems. In addition, lowered radiation doses associated with FPDs do not compromise with image quality in diagnosis of diseases.

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The huge prevalence of periodontal diseases has driven the need for FPD for cone beam computed tomography devices. According to a report by National Center for Biotechnology Information (NCBI) in 2017, dental diseases affect close to 50% of the global populace and will fuel the market demand in the coming years. Reimbursement schemes covering imaging tests can work in favor of the global FPD market.

However, the high costs of the system can hamper market growth.

Flat Panel Detector (FPD) Market Segmentation

The global flat panel detector (FPD) market has been segmented by portability, application, and end user.

By portability, the market has been segmented into fixed and portable. The portable segment had acquired the highest market share and will lead the market.

By application, the market has been segmented into dental, medical, veterinary, orthopedic, cardiac, mammogram, and others.

The market, by end user, has been segmented into hospitals and clinics and diagnostic centers.

Flat Panel Detector (FPD) Market Regional Analysis

The global flat panel detector (FPD) market has been segmented, by region, into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas is anticipated to dominate the global flat panel detector (FPD) market owing to the technological innovations, a surge witnessed in healthcare spending, access to venture capital and government funding, and increasing incidence of chronic diseases in the region has fueled the growth of the market.

Europe is expected to hold the second largest position in the global flat panel detector (FPD) market owing to the presence of prominent players such as Siemens and Philips, a well-developed healthcare sector, government support for research & development, and high healthcare expenditure. Changing user demand and partnerships between players to stave off competition from non-European players can fuel innovation in the global flat panel detector market.

APAC is anticipated to be the fastest growing region in the global flat panel detector (FPD) market owing to the growing adoption of digital radiography systems, rising disposable income levels of patients, and increasing investments in healthcare technology. Advantages over computed radiography and analogue detectors are likely to push the demand for flat panel detectors. Moreover, the requirement for digital radiography systems amid the rising pediatric population can bode well for the market.

Flat Panel Detector (FPD) Market Competitive Outlook

PerkinElmer Inc., iRay Technology, Agfa-Gevaert Group, General Electric Company, Carestream Health, New Medical Imaging Co., Ltd, Trixell, Canon Medical Systems Corporation, Imaging Dynamics Company Ltd, Varian Medical Systems, Inc., Varex Imaging Corporation, and Fujifilm Holdings America Corporation are key players of the global FPD market.

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Global Autoinjectors Market Expected to Grow with a healthy CAGR

 Autoinjectors Market Overview

Global Autoinjectors Market growth is expected to register a CAGR of 17.42% to reach USD 79,741 Million by 2024.

Autoinjectors are medical devices designed to deliver the dose of the drug. These are easy to use and are intended for self-administration by patients and physicians.

Autoinjectors have numerous advantages such as decreased needle phobia anxiety and maintain dose accuracy which in turn help in the growth of the market. The growing prevalence of targeted therapies, rising incidence of anaphylaxis, and the increasing number of regulatory approvals are factors responsible for market growth.  

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Market Dynamics

The global autoinjectors market has been largely benefited by the rising incidence of anaphylaxis and the growing prevalence of targeted therapies. However, increased product recall and stringent regulatory policies are anticipated to restrain market growth.

Autoinjectors Market Segmentation

The disposable autoinjectors segment is expected to lead the market and register a substantial CAGR to reach USD 53,696.20 Million by the end of 2024. The increasing demand for testing new drugs and chemicals and vigorous growth in the pharmaceutical and biopharmaceutical sectors are expected to drive the market growth. Additionally, the disposable autoinjectors segment is also projected to exhibit the highest CAGR of 17.90% from 2019 to 2024.

Autoinjectors Market Key Players

The prominent players in the global autoinjectors market are Amgen Inc. (US), Becton, Dickinson and Company (US), AbbVie Inc. (US), Mylan N.V. (US), Eli Lilly and Company (US), Ypsomed (Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan), Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd (Israel) and Antares Pharma (US).

The players operating in the global autoinjectors market are focusing on product launches, along with expanding their global footprints by entering untapped markets.   

Americas accounted for the largest market share of 40.6% in 2018, and the regional market is projected to register a CAGR of 16.60% during the forecast period. Asia-Pacific is expected to register the fastest CAGR. The Indian market is projected to exhibit the highest growth rate of 18.95% during the forecast period of 2019 to 2024. 

The European market is estimated to exceed USD 24,307.74 million by 2024. The well-established healthcare infrastructure, technology advancement, and innovation in drug delivery systems, and rising prevalence of anaphylaxis incidences, diabetes, and cancer are the factors driving the growth of the autoinjectors market in the region. Germany is the major contributor to the growth of the regional market, followed by France.

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Global Laparoscopy Devices Market Research Report 2020 Analysis and Forecast to 2023

 Laparoscopy Devices Market Overview: 

The global market for laparoscopy devices is projected to surpass a valuation of USD 17,206.32 million by 2023, with a CAGR of 8.30% during the forecast period covering 2018 to 2023. Market Research Future (MRFR) discusses the possibilities for the market and reveals that it could do better due to the rising geriatric population who need the support of advanced devices, a surge in demand for minimally-invasive surgeries, improved reimbursement schemes, and need to improve diagnosis methods for better treatment facilities.  

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Laparoscopy Devices Market Segmentation: 

The global market for laparoscopy devices has been analyzed by MRFR experts on the basis of segments like product, application, and end user. Data gleaned from these segments are reliable as they are backed by scientific approaches and can be used for developing market strategies.  

By product, the global study on the laparoscopy devices market can be segmented into energy devices, insufflation devices, laparoscopes, handheld instruments, access devices, suction/irrigation devices, internal closure devices, trocars, and others. The laparoscope segment has been leading the global market with the highest CAGR during the forecast period. Its valuation can reach up to USD 5091.77 million by 2023. Hike in the inclusion of advanced technologies and integration of these into hospitals is expected to boost the market.  

By application, the global laparoscopy devices market includes bariatric surgery, gynecological surgery, general surgery, colorectal surgery, urological surgery, and others. The general surgery segment has a substantial market share and is expected to move forward with 7.79% CAGR during the forecast period. It includes sub-segments like hernia repairs, cholecystectomies, anti-reflux surgeries, appendectomies, and others. The bariatric surgery includes sleeve gastrectomy, gastric banding, gastric bypass, and others. 

By end user, the market includes hospitals and clinics, ambulatory centers, and specialty centers. The hospitals & clinics segment had a 38.11% share of the global market in 2017. 

Laparoscopy Devices Market Regional Analysis: 

Better investment capacity and infrastructural support are expected to support North America’s prominence in the global Laparoscopy Devices Market. The US and Canada are expected to make a positive impact on the market with their substantial budgetary impacts. Asia Pacific would grow fast with India, Japan, China, South Korea, and other nations influencing the market. 

Laparoscopy Devices Market Competitive Landscape: 

The global market for laparoscopy devices is getting backed by companies like Smith & Nephew PLC (UK), Becton, Dickinson and Company (US), Cook Medical LLC (US), B. Braun Melsungen AG (Germany), Medtronic PLC (US), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Richard Wolf GmbH (Germany), KARL STORZ SE & Co. KG (Germany), Stryker Corporation (US), and others. This is primarily due to their ability to impact the market with various strategic moves that focus on the expansion of the portfolio and client base. These companies develop their moves around concepts like mergers, innovations, acquisitions, and joint ventures. In fact, these companies are strengthening their prospect by boosting their funding for research and development, which leads to better launching of projects and marketing strategies. 

Laparoscopy Devices Industry News: 

The impact of COVID-19 on the healthcare sector is unprecedented in several ways. On the one hand, it is asking for a diversion of resources to a specific sector, on the other, it is creating space for innovations that would work with minimum contact and lessen the time of various procedures to free up resources. The laparoscopy devices market is expected to get boosted by such prospects and the increasing influx of financial resources to bolster the latest research and development projects. Countries have already started initiating plans to ease the inclusion of various developments. 

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Endodontic Devices Market to Perceive Momentous Accruals with a hefty CAGR By 2023

 

Endodontic Devices Market Scenario

The global endodontic devices market is expected to register a CAGR of 5.34% during the forecast period of 2018 to 2023.

Endodontics is the study (practice) related to dental problems. Endodontic treatment is also called root canal treatment which involves the diagnosis, prevention, and treatment of illnesses and injuries in the tooth. The evolution in the healthcare industry has created a huge difference in the endodontics device industry from the past decade which contributes to improving the quality of dental treatment.

The increasing globalization and adoption of new technology in dental care contribute to driving the endodontic devices market. The major key factors contributing to driving this market are increasing the prevalence of the dental problem, microbial infected tooth, rising aging population and increasing incidence of oral cavity cancer among the population.

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However, the factors such as high cost of treatment, illegal sales of dental products and complications related to treatments may hamper the market growth during the forecasted period.

Key Players

Some of the global endodontic devices market companies are DENTSPLY SIRONA, Danaher Corporation, Ivoclar Vivadent, Ultradent Products, Septodont, Brasseler USA, MICRO-MEGA, DiaDent Group International, COLTENE Holding, Kerr Corporation, Surtex Instruments Limited, Davis Schottlander & Davis Ltd, Hu-Friedy Mfg. Co., LLC, and others.

Segmentation

The global endodontic devices market is segmented on the basis of product, end user, and region.

On the basis of product, the global endodontic devices market is segmented into consumables and instruments.

By consumables, the global endodontic devices market is categorized into endodontic burs, endodontic files & shaper, irrigating solution & lubricants, obturation filling materials and others.

By instruments, the market is further sub-segmented into apex locators, endodontic scalers, machine-assisted obturation systems, handpieces, and endodontic lasers. By end-user, the global endodontic devices market is categorized into dental clinics, dental hospitals, laboratories, dental academic and research institutes.On the bases of region, the global endodontic devices market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to hold the largest market share and the Middle East & Africa with a low market share during the forecasted period.

Regional Analysis

The Americas dominates the global market for endodontic devices owing to the rising occurrence of dental infections because of changing eating habits, the rise in prevalence of dental ailments, and growth rate of accidents. Also, the presence of a large number of medical device companies within the region drives the market. In 2017, it was estimated that Europe stood second in the global endodontic devices market due to the rising demand for root canal treatment and increasing microbial infection in teeth in boosts the market growth. Asia-Pacific was the fastest growing region for the global endodontic devices market in 2017. Factors such as increasing innovation and awareness about the available treatment methods of various dental problems fuels the market growth within the region.

On the other hand, the Middle East and Africa holds the least share in the global endodontic devices market. The presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East.  

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Detail Study on Rabies Diagnostics Market is Projected to Grow Magnificent CAGR till 2023

 

Rabies Diagnostics Market Scenario

Global Rabies Diagnostics Market Growth is accounted for USD 1964 Million in 2017 and expected to register 4.36% CAGR during the forecast period (2018–2023).

Rabies is a deadly disease caused by biting of an infected rabid animal which can affect both human and animal health. Patient suffering from rabies is likely to experience fever, headache, muscle aches, loss of appetite, nausea, and tiredness.

The increasing prevalence of rabies, raising awareness related to rabies, and the increasing number of animals are expected to drive the growth of the global rabies diagnostics market during the forecast period. Moreover, rising research and development activities by non-profit organizations and aggressive strategies by top players such as mergers, expansion, and collaboration for the development of new products and launches by major players are also boosting the growth of the market. For instance, in May 2016, the Centers for Disease Control and Prevention(CDC) developed LN34 innovative rapid rabies test for early detection of rabies.

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However, high costs associated with the diagnostic, and rising vaccination may hamper the growth of the market during the assessment period.

Rabies Diagnostics Market Segmentation

The global rabies diagnostics market has been segmented on the basis of method, technology, end-user, and region.

On the basis of method, the market has been classified as a fluorescent antibody test (FAT), immunohistochemical test, amplification methods, histologic examination, and serology tests. Also, by technology, the market has been segmented into ELISA/immunohistochemistry, chromatography techniques, PCR, and others.

Based on market has been divided into hospitals, diagnostic centers, cancer palliative care clinics, and others. By end-user hospitals are likely to register the highest CAGR owing to the rising prevalence of rabies in emerging countries during the forecast period.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The rabies diagnostics market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European rabies diagnostics market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The rabies diagnostics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The rabies diagnostics market in the Middle East & Africa has been segmented into the Middle East and Africa.

Rabies Diagnostics Regional Market Summary

Asia-Pacific is likely to dominate the rabies diagnostics market during the forecast period owing to the improving healthcare infrastructure, rising investments in healthcare and expansions by market players in the region. Also, countries such as India and China are considering the fastest growing region due to a government focused toward adopting new technology and the best treatment option from a developed country. According to the World Health Organization, in 2010, the healthcare expenditure of India was 3.27% of GDP, whereas, in 2015 it has 3.89% of total GDP.

The Americas are likely to be the second-largest market in the global rabies diagnostics market owing to the rising strategic alliance by major players, increasing awareness about rabies, the involvement of non-profit organization to control rabies, and well-established healthcare infrastructure. According to the American Pet Products Association’s 2017-2018 National Pet Owners Survey, Number of animals in the American region is increasing, and there were around 60.2 million dogs, and 47.1 pet cats were present in the Americas. 

The European market is expected to hold a significant share in the rabies diagnostics market. The market growth in this region can be attributed to the government funding, well-established healthcare sector, and support of the healthcare sector coupled with increasing research and development.

The market in the Middle East & Africa is expected to account for the smallest share of the global rabies diagnostics market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

RABIES DIAGNOSTICS MARKET KEY PLAYERS

SOME OF THE KEY PLAYERS IN THE GLOBAL RABIES DIAGNOSTICS MARKET ARE BIO-RAD LABORATORIES, INC., MERCK KGAA, AVIVA SYSTEMS BIOLOGY CORPORATION, CREATIVE DIAGNOSTICS, DEMEDITEC DIAGNOSTICS GMBH, ABBEXA LTD., NORGEN BIOTEK CORP., BIONOTE, INC., EXPRESS BIOTECH INTERNATIONAL INC., MYBIOSOURCE.COM., AND BIOGEN TECHNOLOGIES

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Global Enteral Feeding Devices Market Research Report 2020 Analysis and Forecast to 2023

 Market Highlights

The global enteral feeding devices market size held a market value of USD 2,302.4 million in 2017 and is projected to grow at a CAGR of 6.1% over the forecast period. Enteral feeding is the direct delivery of nutrients into the gastrointestinal tract (GIT) via a tube which is placed into the duodenum, jejunum or stomach through mouth, nose or percutaneous route. Major factors driving the market growth are globally growing geriatric population coupled with the rising burden of chronic diseases, increasing shift from parenteral to enteral nutrition, and mounting incidence of preterm births. For instance, according to the World Health Organization (WHO), in 2001, chronic diseases contributed around 60% of the 56.5 million total reported deaths across the world and approximately 46% of the global burden of disease, which is projected that, by 2020, chronic diseases will account for almost three-quarters of all deaths worldwide. In contrast, complications associated with enteral feeding devices including inadvertent dislodgement of tubes and stringent reimbursement policies are anticipated to restrain the market growth during the next five years. Mounting technological advancement in feeding pumps such as enhanced portable pump designs with reduced risk of complications and is augmenting the market growth.

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Regional Analysis

The global enteral feeding devices market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Based on region, the Americas would command the market over the forecast period pertaining to the presence of sophisticated medical and healthcare infrastructure and market value contributors, changing lifestyle, and the rising burden of cancer, and other noncommunicable diseases (NCDs). The American Cancer Society stated that in 2018, about 9,220 new cases of colon cancer have diagnosed in the US. 

Europe would be the second-largest value contributor in the enteral feeding devices market owing to the Asia-Pacific would represent the profitable market growth during the forecast period due to growth in geriatric population, rising incidence of oral cancer, and increasing awareness about enteric feeding devices, and surging number of hospital admissions in China, India, Japan, and Australia. The World Health Organization stated that in 2018, the incidence of oral cancer was within the top three of all cancers in a few Pacific Asian countries.

The Middle East & Africa has the least share of the global enteral feeding devices market. In addition, the major market share of the region would be held by the Middle Eastern region due to developing healthcare system and medical infrastructure in the Arab countries.

Segmentation

The global enteral feeding devices market has been segmented into product, age group, indication, end user, and region.

By product, the market has been segmented into enteral feeding tubes, enteral feeding pumps, enteral syringes, administration sets, and consumables. The enteral feeding tubes segment is further categorized into enterostomy feeding tubes, nasoenteric feeding tubes, and oroenteric feeding tubes. The enterostomy feeding tubes segment is additionally divided into gastrostomy tubes, jejunostomy tubes, and gastrojejunostomy tubes. The nasoenteric feeding tubes segment is further classified into nasogastric feeding tubes, nasojejunal feeding tubes, and nasoduodenal feeding tubes. The enteral feeding pumps segment is expected to dominate the market throughout the forecast period due to low risk of complications with the use of feeding pumps, enhanced portable pump designs, and the increasing adoption of pumps in hospitals and home care settings.

On the basis of age group, the market has been divided into adults and pediatrics.

By indication, the market has been classified into cancer, gastrointestinal diseases, diabetes, neurological disorders, hypermetabolism, and others. The cancer segment is further categorized into gastrointestinal cancer, head & neck cancer, liver cancer, pancreatic cancer, esophageal cancer, and others.

Based on end user, the market has been categorized into hospitals, home care settings, and ambulatory surgery centers (ASCs).

Key Players

Some of the spearheading players in the global enteral feeding devices market are Medtronic plc, Cook Medical, B. Braun Melsungen AG, Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company (BD), Fresenius Kabi AG, Danone Nutricia, Nestlé, CONMED Corporation, Moog, Inc., Halyard Health, Inc., and Vygon SA.

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