Friday, 12 March 2021

Kidney Dialysis Equipment Market 2020 Global Trend, Segmentation and Opportunities Forecast To 2023

 Market Overview

According to the MRFR Research report, the global market for kidney dialysis equipment is likely to grow at a CAGR of 5.7% from an assessed USD 16.5 billion in 2017.

Market Dynamics

Due to the number of dialysis centers, increase in R&D investment for the production of new dialysis devices and the end-stage renal diseases, the kidney dialysis equipment market will see rapid growth. According to the Market Research Future (MRFR) study, some of the other growth drivers include new funding sources in the healthcare industry, increased prevalence of dialysis patients, enhanced healthcare facilities, implementation of the latest dialysis technology, lack of appetite causing weight loss, change in sedentary lifestyle, heart disease, increased acidosis, growing number of ESRD (End Stage)

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Conversely, factors such as the complexities and risks involved, time use, dialysis-related regulations and laws, costly treatments and rising costs of dialysis procedures could affect the growth of the demand for kidney dialysis equipment over the measurement period. In the forecast timeframe, high treatment costs, the enforcement of strict regulations and the shortage of qualified staff such as nephrologists in developing markets will threaten the growth of the renal dialysis equipment industry.

Segmental Analysis

The global kidney dialysis equipment market has been segmented on the basis of type, apparatus type, and end-user.

On the basis of type, the market has been classified as hemodialysis, peritoneal dialysis, and Continuous Renal Replacement Therapy (CRRT). 

On the basis of apparatus type, the market has been classified into hemodialysis equipment, peritoneal dialysis equipment, and consumables and continuous renal replacement therapy systems. 

On the basis of end-user, the market has been classified into hospitals, clinics, in-center dialysis settings, home care, and ambulatory services.

Regional Analysis

In the demand for kidney dialysis systems, North America is projected to lead the market in terms of sales share. Via multiple intercessions, the leading manufacturers in North America have specialized in dialysis treatment devices, addressing complications. Canada's surge in healthcare spending has opened a new direction for the demand for kidney dialysis devices. Because of the massive introduction of new technology in the kidney dialysis division, the market is expected to experience steady expansion. Specialized hemodialysis as well as peritoneal dialysis devices are often queued up by suppliers with multiple interventions, which would also change the experience of the end patient. Public healthcare spending is still booming and awareness campaigns are rising, which are projected to fuel the development of the demand for kidney dialysis devices.

Due to the increase in development prices, the development in technology, the deterioration in human health, and the need for new and successful treatments, the European market is projected to be the second largest market.

In the Asia-Pacific region, the growth of the demand for kidney dialysis devices is projected to increase exponentially due to an increase in the number of dialysis centers and government policies to generate cost-effective treatments. There are more and more people with end-stage kidney failure. The increase in the number of incidences of kidney failure and the preference for renal dialysis rather than organ transplantation is attributed to the complications of transplantation and the lack of organ donors in the area. This area is also projected to show a rise in the number of patients with renal dialysis, which, in turn, will support the growth of the demand for kidney dialysis equipment.

The demand in the Middle East and Africa is projected to account for the smallest share of the global kidney dialysis equipment market due to an underdeveloped healthcare system, lack of technological expertise, and inadequate medical facilities.

Competitive Landscape

Some of the key players in the kidney dialysis equipment are Fresenius Medical Care AG & Co. Ka, Davita Healthcare Partners Inc., Diaverum Deutschland GmbH, Baxter International Inc., B. Braun Melsungen AG, Nipro Corporation, Nxstage Medical, Inc., Nikkiso Co., Ltd., Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Terumo Corporation, Rockwell Medical, Teleflex Incorporated, Mar Cor Purification, Inc. (A Cantel Medical Company), and Hemoclean CO., LTD.

The global market for kidney dialysis equipment is extremely fragmented and the major players have used different tactics to expand their presence in this market, such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions, and others. These healthcare firms are now urging scientists to create inexpensive dialysis machines that make limited use of technicalities while at the same time fulfilling the main purpose of the treatment.

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Clinical Laboratory Test Market Report 2020 with Key Players, Regions, Trends, Market Growth, SWOT Analysis and Forecast to 2022

 Market Overview

The Global Clinical Laboratory Test Market is slated to register 6.5% CAGR to reach USD 324.508 billion by 2022.

Market Dynamics

The critical driver of the market is the growing prevalence of diseases and the growing population of the world. From the growing screening programs initiated by the major governments, the market is getting a boost. It is expected that the inclusion of mandatory screening in the Affordable Healthcare Act for newborns will lead to rapid growth. The growth of the market will also be pressured by increasing awareness and increasing bias towards evidence-based medicines, coupled with the increasing volume of in-vitro diagnostic tests. In addition, market growth is driven by the preference for preventive medicine, shorter hospital stays, and high demand for integrated analytical systems.

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As they lead to greater selectivity and sensitivity, the advent of biotech-based tests such as DNA-based tests is a big market opportunity. Growing trends towards self-diagnostic testing are expected to contribute positively to the market. Due to their ease of use and single use systems, panel based tests are the latest market trend. As newer instruments have the ability and capacity to be linked and synchronized with other instruments, automation is another trend driving the market.

On the other hand, the strict government rules and regulations relating to laboratory testing are the major factor limiting market growth. Due to the loss of faith by customers, the presence of spurious low-cost products is hampering the market. False findings are other constraints, as many older tests have limits on their targets for low selectivity and detection. Nonetheless, because of the various untapped therapeutic testing markets, the global market has significant growth opportunities. In addition, it is expected that the introduction and implementation of database management tools and solutions with reduced errors, increased efficiency and satisfactory services will offer market growth opportunities in the near future.

Segmental Analysis

The global clinical laboratory tests market is segmented into types of laboratories, types of test, and region.

Based on types of laboratories, the global clinical laboratory tests market is segmented into physician office-based laboratories, central/independent laboratories,  hospital-based laboratories, and others.

Based on types of test, the global market is segmented into basic metabolic panel (BMP), comprehensive metabolic panel tests, HbA1c tests, HGB/HCT tests, BUN creatinine tests, renal panel tests, complete blood count (CBC), electrolytes testing, liver panel tests, and lipid panel tests. Due to increasing awareness of the prevalence of cardiovascular disorders and diabetes, lipid panel tests are projected to be the fastest-growing segment during the forecast period.

Based on application, the global market is segmented into virology, hematology, toxicology, immunology/serology, parasitology, histopathology, and urinalysis.

Based on end user, the global market is segmented into stand-alone laboratories, hospital-based laboratories, and clinics-based laboratories. It is expected that increasing awareness among patients and physicians of laboratory testing in clinics would drive the clinic segment over the forecast era. It is also anticipated that key technical developments such as portable and rapid analyzers would accelerate development in the market..

Regional Analysis

The global clinical laboratory test market, based on region, is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.

North America is the main market for clinical laboratories, accounting for 44.6% of global market, and is estimated to rise at a CAGR of 6.2% over the forecast period. The U.S. is projected to be the North American clinical laboratory research industry's prime market share holder, driving an expected 5.8 percent CAGR growth. High numbers of labs and clinical trials are the reasons for the contribution of the United States in the world. Canada will be the fastest growing economy in the country with an estimated growth of 6.3%. Owing to the high incidence of diseases linked to high blood pressure, cardiovascular disease and cancer, healthcare investment and medical education is largest in North America, and Europe is a near second.

Europe is expected to be the second largest market for medical laboratory research and this growth trend would place it at number two in terms of market share. Germany is expected to lead the European medical-device market because of its highly evolved medical-device sector. France and the U.K. are supposed to obey Germany. Usage of clinical laboratories has expanded across the country, which has been met with increased demand for these facilities.

Asia-Pacific is anticipated to become the fastest growing region, with a forecast annual growth rate of 7% due to rises in literacy, government funding and increases in healthcare infrastructure in China and Japan. Additionally, the presence of untapped opportunities in the form of unmet medical needs, positive economic development, and growing avenues of scientific study are some of the key drivers for the Asia Pacific demand for clinical laboratory testing.

Competitive Landscape

The eminent players in the global clinical laboratory test market are Quest Diagnostics, Laboratory Corporation of America, AURORA Diagnostics, LifeLabs Medical Laboratories, and Sonic Healthcare.

Players in the market are currently focused on product releases, and building global footprints through the penetration of untapped markets.

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Healthcare Analytics Market – Functional Survey 2024

 Healthcare Analytics Market Scenario

Market Research Future (MRFR) studied the global healthcare analytics market 2020 along the review period. The worldwide healthcare analytics market is expected to rise at 27.1% CAGR across the forecast period (2018 to 2024). By 2024, the global healthcare analytics market can value USD 12,126.70 Mn. Healthcare analytics provide insights into patient records, hospital management, costs analysis, and diagnoses related data. The rise in demand for operation efficacy within any medical care center and the need for technologies that offer accurate solutions are boosting the adoption of medical analytics that can benefit the market in the approaching years. The introduction of effective software and related technologies that provide top-notch service can add to the market momentum.

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Healthcare Analytics Market Segmentation

The segment assessment of the global healthcare or medical analytics market is based on delivery model, type, application, component, and end user.

The type-based segments of the global medical analytics market are prescriptive analytics, predictive analytics, descriptive analytics, and cognitive analytics. The growing applications of cognitive analytics, along with high traction for predictive analytics can promote the healthcare analytics market in the study period.

The component-based segments of the global medical analytics market are services, software, and hardware. The service segment can earn high profit for the medical analytics market.

The delivery mode-based segments of the healthcare or medical analytics market are on-demand and on-premise. The on-demand delivery mode segment can thrive and the high sales of such medical analytics market is likely to generate considerable turnover.

The application-based segments of the healthcare or medical analytics market are Financial Analytics (Claims Processing, Revenue Cycle Management (RCM), Waste, and Abuse (FWA), Payment Integrity & Fraud, Risk Adjustment & Assessment), operational & administrative analytics, Clinical Analytics (Quality Improvement & Clinical Benchmarking, Clinical Decision Support (CDS)), and population health analytics. The RCM segment can rise at decent CAGR, while the CDS segment is expected to earn substantial valuation.

The end user-based segments of the healthcare analytics market are Payers and providers. The payers segment studies Government Agencies, Private Insurance Companies, and Employers and Private Exchanges). The Providers segment studied Post-Acute Care Organizations, Hospitals & Clinics, and Ambulatory Settings among others. The increase in deployment of private insurance companies in healthcare analytics can work in favor of the market. 

Healthcare Analytics Market Regional Analysis

MRFR studied the regional progress of the healthcare analytics market for the Americas and suggests that the US is expected to retain its forefront position in the coming years. The presence of robust healthcare base and continuous investment in boosting medical analytics solutions can promote the market growth in the years to come. Innovations by renowned dealers of healthcare analytics those offer better procedural facilities and the rise in adoption of such technological advancements by several medical institutes can support expansion of the market in the Americas.

In Europe, the growing adoption of healthcare IT solutions and the presence of IT giants in the region can earn high revenue in the review period. The increase in adoption of medical analytics due to growing concern for dispatching care and eliminate manual errors can favor EU market. In addition, the active deployment of big data technology and rigorous utility of mhealth tools are expected to benefit the healthcare analytics market in the years to come. MRFR study reveals that Europe can secure the second largest share of the worldwide healthcare or medical analytics market by 2024.

The rise in integration of healthcare analytics in the medical centers can earn profit for APAC market in the study tenure. China, Republic of Korea, Japan, India, and Australia are observed to actively contribute to the healthcare analytics market rise in the analysis period. The growing significant for accuracy is creating the need to curb manual medical errors that is observed to drive the healthcare or medical analytics market in the region. The surge in new vendors for healthcare analytics can mark the regional market lucrative for FDI, which, in turn, can boost the earnings of niche market players. In the Middle East and Africa region, the surge in medical concern can support healthcare analytics market growth at a steady pace. 

Healthcare Analytics Market Key Players

Cerner, SAS Institute Inc., Allscripts Healthcare Solutions, Inovalon, IBM, Wipro, Cotiviti, Citiustech, Health Catalyst, Optum, Mckesson, Oracle, Vitreoshealth, SCIO Health Analytics, and Medeanalytics are some prominent names in the worldwide healthcare or medical analytics market that are listed by MRFR.

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Smart Insulin Pens Market Revenue and Value Chain 2020-2027

 Market Research Future (MRFR) studied the global smart insulin pens market 2020 through the analysis period till 2027. By 2027, the global smart insulin pen market can expand at decent pace. On conclusion of the analysis period, the smart insulin market value can touch USD 72.97 Mn.

The escalating count of diabetics, surge in product launches and approvals, and expansion of geriatric populace can favor the smart insulin pen market in the forecast tenure. The alarming increase in diabetics across the globe due to surge in number of obese and ageing people, along with the prevailing culture of sedentary lifestyle, are creating the need for smart insulin pens. The intricate design of smart insulin pens allows refill, and Bluetooth and USB connectivity, which boost patient compliance. These causes are likely to promote the smart insulin pen market in the review period. The growing preference for homecare settings is expected to create lucrative scope for smart insulin pens manufacturers. However, high expense of insulin pens and challenges with their sales in underdeveloped nations can hinder the market growth. Investors are investing in strengthening the medical base of the market across these regions can counter the smart insulin pens market slow-down.

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Segment Overview

The segment evaluation of the smart insulin pens market is based on distribution channel and product type. The product type-based segments of the smart insulin pens market are connecting device and smart pen. The smart pen segment can surge at considerable pace in the study period. The increase in sales of both smart pen and connecting device can earn high revenue for the market in the forecast tenure.  The smart pens segment can surge at 10.98% CAGR over the analysis period. The introduction of user-friendly design of smart insulin pens can prompt the market growth in the study period. As insulin pens brands focuses on innovations, the ingression of technical advances can prompt the market upsurge.

The distribution channel-based segments of the smart insulin market are hospitals or retail pharmacies, and online. The increase in number of hospital and retail pharmacies and them experiencing considerable surge in sales of smart insulin can favor the market. However, escalation of online sales of smart insulin pen as diabetic patients seek treatment and consultation on online platform can impact the market. MRFR study reveals that the hospital or retail pharmacies segment can value USD 47.97 Mn by 2027.

Regional Analysis

The smart insulin pen in the America is expected to rise at decent pace in the near future. The growth of the smart insulin pen market in the US is considerable due to rapid uptake of advanced medicines and diagnostic measures by several target patients. The presence of well-established healthcare industry and the large-scale manufacturing of medical device are causes that are expected to benefit North America market in the coming years. The emergence of new companies and active brand promotion strategies adopted by top-notch companies in the region can contribute to the expansion of the market in the coming years.

In APAC smart insulin pens market is likely to rise at the highest pace in the upcoming years. The expansion of the diagnostic health industry and increasing prominence of insulin pens can bolster the market expansion in India and other regions of APAC. The growing awareness about modern pen needles and active campaigns promoting smart insulin pens can benefit the market in the years to come. In Europe, the smart insulin market growth can be attributed to hike in investment made by international vendors to expand their global presence. The introduction of latest products for diabetes care and upscaling demand for green insulin pen can improve momentum of the market.

Competitive Landscape

Novo Nordisk A/S, Companion Medical, Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, Ypsomed Holding AG, Eli Lily and Company, and Amesco Co. Ltd., are some key players in the smart insulin market that are listed by MRFR. Adoption of strategic M&A for launching and promoting innovation can boost the competitive landscape of the smart insulin pen market in the study period. The smart insulin pens industry assessment by MRFR focuses on growth dynamics of the market that is impacted by businesses and manufacturers entering into relationships. Different firms are developing innovations in pump therapy and advanced glucose monitoring to boost patient medication compliance for growing cases of type 2 diabetes. The rise of the smart insulin pens and pumps market can also be attributed to product development by top-notch companies.

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Digital Healthcare Market Analysis, Segments, Growth and Value Chain 2020-2025

 Market Overview

Market Research Future (MRFR) confirms that the Digital Healthcare Market 2020 can achieve a stunning growth rate of 26.30% from 2019 to 2025 (analysis period). The market is expected to be worth USD 3,28,887.8 Million by the end of the year 2025.

Growth Boosters and Deterrents

Telemedicine, blockchain electronic health records and artificial intelligence-backed devices are a few significant examples of digital healthcare, with these technologies reshaping the way health care professionals interact with each other and patients. These technologies have also transformed the way data is shared between healthcare providers, helping them to reach informed decisions as to how to proceed with the correct treatment plan to achieve successful outcomes. Innovation has been a key driver of the digital healthcare industry, with the increasing technological advancements leading to better streamlining of work, improved patient outcomes, lower human errors, and reduced costs.

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The total number of smartphone owners crossed the five billion mark by the year 2019 and continues to mount at a rapid pace. Over four billion individuals worldwide, at any given point of time, use the Internet and are increasingly become aware of the benefits that digital healthcare has to offer. Doctors and other healthcare professionals are progressively adopting virtual-reality tools to either boost their medical skills or develop plans for a complicated surgery. Another significant trend in the digital healthcare market is the soaring popularity of the wearable technology. Seeing the escalating adoption of wearables in view of rising health consciousness among people, companies are proactively developing advanced devices that offer up-to-date tracking of high-risk persons to determine the possibility of any major illness or health issue.

Companies expend substantially on exhaustive R&D activities to launch highly innovative digital healthcare software, applications and systems with the aim to boost their global presence. A few other essential strategies they adopt are joint ventures, acquisitions, expansions and collaborations. To illustrate, in February 2021, ZYUS Life Sciences Inc. partnered with HelloMD, a well-known telehealth firm, to offer virtual medical advice to potential patients. This partnership will help ZYUS gain Canadians access, especially with regard to its cannabinoid-based formulations.

Market Segmentation

The digital health market, in terms of technology, has been split into mhealth, telehealthcare, digital health systems and healthcare analytics. mHealth has emerged as a highly preferred digital healthcare technology, given the high internet use, significant number of smartphone users, and the extensive range of apps that cater to all medical needs.

Applications considered in the report are cardiology, neurology, diabetes, sleep apnea, oncology, and others. The cardiology segment will secure the top spot owing to the soaring incidence of lifestyle-related conditions that cause cardiac disease.

Top delivery modes are on-premise and cloud based. Cloud delivery mode facilitates smoother healthcare operations as it provides higher storage and processing capacity.

Primary components studied are services, software and hardware. Escalating use of digital healthcare software such as EHRs, fitness apps and healthcare analytics has enhanced the growth rate of the segment.

Major market end users include pharmaceutical companies, healthcare providers, healthcare payers, and more.

Regional Insight

The American market for digital healthcare is of the biggest size, primarily on account of the large-scale healthcare spending along with the surging adoption of the information technology. The US market is slated to perform well in the following years, thanks to the considerable expenditure on healthcare and the mounting need to curtail these expenses.

Europe could be the second strongest contender in the global market, owing to the rising pressure to bring down the huge healthcare costs coupled with the frequent technological advances in digitization. Players’ efforts to bolster their solution and service portfolio also have a positive impact on the regional market.

Asia Pacific could attain the fastest CAGR in the coming years, with the rapid development in healthcare infrastructure paired with the expanding number of healthcare IT firms in China and India. Increasing funds obtained by the research and development centers, rise in reforms that aim to improve the healthcare infrastructure and the financial assistance provided by the government can warrant bright prospects for the APAC market.

Top Firms

iHealth Lab Inc. (US), Cerner Corporation (US), Allscripts Healthcare LLC (US), General Electric Company (US), AT&T Inc. (US), Athenahealth Inc. (US), EClinicalWorks (US), McKesson Corporation (US), Cisco Systems Inc (US), Qualcomm Technologies Inc. (US), BioTelemetry Inc. (US) and Koninklijke Philips NV (The Netherlands) are some of the top companies in the digital healthcare industry.

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Laboratory Equipment Market – Insights on Upcoming Trends 2025

 Market Overview

Laboratory equipment market is on track to secure a growth rate of 7.3% from 2019 to 2025 (evaluation period), says Market Research Future (MRFR). The MRFR study also expects the market to touch USD 58,960 Million by 2025.  

Top Boosters and Challenges

The laboratory equipment industry benefits the large-scale investments in extensive research and development activities in the field of biotechnology and pharmaceutical. The market is also strongly influenced by the increasing availability of advanced laboratory supplies and their growing use by procurement managers in industries like healthcare and pharmaceutical. Innovations in chemical and biological researches combined with the surge in clinical laboratory tests along with life science researches can also foster market growth in the ensuing period.

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Introduction of new technologies and their adoption have been picking up speed in the market, thereby facilitating enhanced laboratory capabilities. Adoption of modern techniques is proving to be favorable for scientists and laboratory technicians as they are able to achieve more efficient and accurate results. Automation, artificial intelligence, miniaturization and smart technology are the prevailing trends and are witnessing high demand among laboratory equipment manufacturers.

Medical lab equipment vendors are putting in efforts to facilitate simpler order processes and product selection, whereas laboratory managers are working on bolstering the efficiency by elevating the purchasing process. The trend of easy to use and compact equipment with built-in connectivity is also emerging at a promising rate, while the construction of new labs with advanced equipment and supplies by renowned companies can induce substantial market growth in the years ahead.

Segmental Analysis

The laboratory equipment industry has been segregated with respect to product type, application, and end user.

The product types studied are centrifuges, incubators, scopes, spectrometers, autoclaves, sonicators, and others. The incubators segment can obtain the top spot in the global market, as the device’s application range is expanding in several areas of testing. The spectrometers segment could procure the fastest expansion rate.

The laboratory equipment market, with respect to application, comprises genetic testing, endocrinology, biochemistry, hematology, microbiology, and more. The biochemistry segment is slated to capture the highest share in the market, owing to the significant number of biochemical tests that are generally conducted in laboratories. The endocrinology category is confirmed to advance at the fastest pace, on account of the expanding patient pool and the surge in the number of tests.

The end users considered in the report include diagnostic centers, hospitals and clinics, and more. The hospitals and clinics sector can take the lead in the market as these end-users extensively use a variety of laboratory equipment. The diagnostic centers segment can however, advance at the fastest rate in the forthcoming years, as a result of the rising preference for conducting diagnostic tests by medical professionals, with the use of highly advanced lab equipment and supplies.

Regional Study

The market for laboratory equipment has been regionally distributed on the basis of the Americas, MEA or the Middle East & Africa, APAC/Asia Pacific, and Europe.

Americas has been identified as the most lucrative market, while the US and Canada are in the lead in the region due to their highly developed laboratories with modern equipment as well as instruments. Strong presence of a number of renowned biopharmaceutical and pharmaceutical companies that are actively involved in extensive R&D activities will further bolster the region’s attractiveness in the coming years. A few other growth boosting factors include the soaring number of grants including NIH or National Institute of Health that aim to encourage researches in the region.

APAC should procure the fastest CAGR in the near future, thanks to the surging cases of infectious diseases such as AIDS, tuberculosis and hepatitis that require accurate laboratory testing. Escalating burden of cancer in the region, especially in India and China can also benefit the market in the upcoming years.

Eminent Firms

Key manufacturers of laboratory equipment in the worldwide market are BD (US), Eppendorf AG (Germany), Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories, Inc. (US), Hoffmann LA-Roche AG (Switzerland), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Bruker (US), Beckman Coulter, Inc. (US), Waters (US), PerkinElmer Inc. (US), and more.

Latest News

February 2021

EndoWays, designer of disposable robotic system used in a cath laboratory, has confirmed the acquisition of most of its shares by Ascendum. The robotic technology has been developed to allow radiologists as well as cardiologists to examine blood vessels and conduct complex procedures remotely. The robot’s disposable properties have made it easy to use and affordable for physicians, requiring very less setup time.

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Medical Holography Market Is Seeing Explosive Growth by Future Industry Winners: Forecast, 2020-2025

 Market Overview

Market Research Future (MRFR) believes that the medical holography market can thrive at a stunning rate of 33.7% over the analysis period (2019-2025).

Primary Drivers and Impediments

Despite the fact that the medical holography industry is still in the embryonic stage, it showcases the potential to be a game-changer for the medical imaging sector in the near future. Medical holography is a crucial aspect of molecular imaging in preclinical research and clinical diagnostics in numerous therapeutic areas. Given the potential use-cases of holography in interventional and diagnostic imaging fields, a number of research activities are underway, which should foster the growth prospects of the global market.

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Accelerated number of R&D activities initiated by biotechnological and pharmaceutical firms seem to be solidifying the foundation for biomedical researches. The surge in R&D initiatives should work in favor of the global market. Introduction of holographic interaction and visualization technologies that facilitate non-invasive surgeries and improve the safety profile can benefit the global market. Medical holography technology helps yield enhanced patient outcomes, and is therefore, likely to experience higher demand among patients as well as physicians in the future. Technological developments including inclusion of miniaturized light emitting diodes and innovative pico-like projectors for delivery of highly clear holographic images should also foster the demand in the years to come.

Segmental Status

Product, application and end user are the major segments as per which the medical holography market has been considered in the MRFR study.

Key products highlighted in the report are holography microscopes, holographic displays, holography software, holoscopes and holographic prints. The lead has been taken by holographic displays, as these find widespread use in medical education and diagnostic imaging.

Top applications of medical holography are medical imaging (dentistry, ophthalmology, orthopedics, urology, and others), biomedical research and medical education. Medical imaging could emerge as the fastest advancing segment in the market owing to the surging burden of various chronic disorders, which boosts the application scope of holography technology.

Key end users are academic medical centers, hospitals and clinics, pharmaceutical and biotechnology companies and research laboratories.

Regional Study

The global market can be regionally categorized into APAC or Asia Pacific, the Americas, MEA or Middle East & Africa and Europe.

America should prevail as the most profitable market for medical holography in the coming years, on account of high frequency of research activities conducted by most of the established firms in the region. Rising healthcare spending and increased adoption of modern technologies over conventional methods can also boost the influx of medical holographic products in the region. Mounting burden of various diseases as well as the rise in clinical urgency with respect to screening technologies like medical holography and their high accessibility in the region also foster market growth in the region.

The European market exhibits significant growth potential and should maintain its steady pace backed by the presence of a developed healthcare sector and the surge in clinical use cases of holography products. Medical imaging, digital holograms and holographic display technology are increasingly being used in the education sector and also in hospital teaching. With growing emphasis on structural biology across various medical schools, major players are striving to design advanced holographic prints as well as holography software that facilitate effective medical teaching. Besides, players are working on developing 3D kits for doctors and medical students to carry out efficient practice dissections and surgeries without the need for actual organs and bodies.

The APAC market is expanding at a consistent rate and should reach new heights over the review period, thanks to the extensive deployment of advanced holography products in several medical facilities as well as the surge in government efforts aimed at healthcare development. With growth in investments in medical facilities, technological advances in surgical rooms and emerging trend of personalized medicines, the medical holography market in Asia Pacific is bound to witness rapid growth in the next few years.

Reputed Vendors

Top companies active in the global market for medical holography include Lyncée Tec SA, EON Reality Inc., Realview Imaging Ltd., Zebra Imaging, Inc., Echopixel, Nanolive SA, Mach7 Technologies Limited, Zspace, Inc., Ovizio Imaging Systems NV/SA, Holoxica Limited, to mention a few.

Latest News

November 2020

Holoxica has completed the initial development stage of the 3D holographic system (first ever glasses-free technology) for healthcare professionals. The COVID-19 outbreak has forced patients to opt for remote healthcare, which is why Holoxica has designed its latest holistic 3D system, Holo-medicine, for enhanced remote consultations. The medical holography system helps make the health conditions as well as the surgical procedures clearer, while bringing down the stress faced by the healthcare system.

Browse more details of the Report @ https://www.marketresearchfuture.com/reports/medical-holography-market-1519 

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