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Friday, 12 March 2021

Pharmaceutical Filtration Market: Recent Industry Trends and Projected Industry Growth, 2022

Market Scenario:

Filtration in pharmaceutical has been used to purify or separate the component and also to maintain the sterile conditions during the process to prevent contamination. Various methods are being used for filtration depends on the component that need to be filtered. Major factors such as increasing growth of pharmaceutical industry and rapid growth in the generic drug production are the main reasons driving the market growth. On the other hand the huge capital required to set up new production facilities and stringent government regulations to legalize the filtration process are expected to limit market growth to a certain extent. Globally, the market is growing rapidly and it is anticipated to show an exponential growth reaching approximately $23 Billion in 2022.

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Segments:
The pharmaceutical filtrations market has been segmented on the basis of type of filtrations, product, and their application in pharmaceutical industry. On the basis of type the market has been segmented as air filtration, water filtration, chemical filtrations, Grade filtration (liquid and gas), and absorptive filtrations. Similarly on the basis of product, the market has been segmented into membrane filters, media filters, cartridges and capsule filtration and others. On the basis of application in pharmaceutical industry the filtrations market has again segment into air purification, water purification, sterilization, cell separation, media and buffer filtrations and others.

Regional Analysis of Pharmaceutical filtration devices Market:
Considering the global scenario of the market, Americas region is believed to be the largest market for Pharmaceutical filtration techniques and devices. Moreover the European market is also growing continuously and slowly catching up with the American market. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the pharmaceutical filtration devices segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.

Key Players for Pharmaceutical filtrations devices Market:
Some of the key players in this market are: GE Healthcare (U.S.), Pall Corporation (U.S.), Parker Hannifin Corporation (U.S.), Sartorius Stedim Biotech S.A. (France), Merck KGaA (Germany), Alfa Laval (Sweden), Graver Technologies, LLC (U.S.), Koch Membrane Systems Inc. (U.S.), and GEA Group (Germany).

The report for Pharmaceutical Filtrations Devices Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

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Research report covers the Radiofrequency Ablation Devices Market share and Growth, 2020-2023

Radiofrequency Ablation Devices Market Overview

The surge in critical medical intervention is predicted to enhance the radiofrequency ablation devices market. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The market is projected to record a CAGR of 11.2% throughout the forecast period.

The advancement in medical technology is estimated to promote the radiofrequency ablation devices market companies in the impending period. The improvement in the compensation scenario is predicted to further promote the radiofrequency ablation devices market stake in the forecast period.

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Radiofrequency Ablation Devices Market Segmental Analysis

The segmentation of the radiofrequency ablation devices market is conducted on the basis of application, type, and region. The application segment of the radiofrequency ablation devices market consists of cardiology and cardiac rhythm management, surgical oncology, pain management, gynecology, and cosmetology. The type segment of the radiofrequency ablation devices market consists of bipolar radiofrequency ablation and unipolar radiofrequency ablation. The regions included in the radiofrequency ablation devices market are the Americas, Africa, Europe, APAC, and the Middle East.

Radiofrequency Ablation Devices Market Regional Analysis

The regional investigation of the radiofrequency ablation devices market includes regions such as the Americas, Africa, Europe, APAC, and the Middle East. The Americas radiofrequency ablation devices market directs the global market due to the influence of a mounting number of lung cancer instances like, Non-Small Cell Lung Cancer (NSCLC) which is the most regular type of lung cancer, reporting for a significant majority of all lung cancer cases. The Asia Pacific radiofrequency ablation devices market was the fastest increasing region for the worldwide market in 2017. The influences of the increasing awareness of cardiac disease, mounting healthcare industries, and the expansion of numerous treatment approaches for cosmetology and gynecology drive the market in this region. On the other hand, the Middle Eastern and African region holds the minimum share in the international market. The commonness of poor nations and subdued per capita revenue, particularly within the African region restrains the regional market.

Radiofrequency Ablation Devices Market Competitive Analysis

The investment in sustainable technologies and product options is predicted to reign over the next phase of market development strategies in the forecast period. The market is predicted to be driven by the effects of the COVID-19 pandemic, by ensuring that businesses can counteract situations like these in the future. The government support to the rebuilding of economic growth momentum is estimated to be increased than the past few years. The market landscape is estimated to be redefined by the absorption of smaller companies or startups as well as mergers between market titans to enhance their overall pull on the global market progress. The toll on the health and mental wellbeing of the workers in the market is estimated to have a notable impact on the resurgence of the market’s expansion in the upcoming years. The upcoming products in the market are estimated to have a notable influence on the pandemic in terms of germicidal properties that can be observed in the coming period.

The key companies in the radiofrequency ablation devices market are Medtronic Inc, Stryker, St. Jude Medical, Boston Scientific Corporation, Smith & Nephew, Johnson & Johnson (J&J) Services, LLC, Cosman Medical, Inc., Angiodynamics, RF Medical Co, Ltd, AtriCure, Inc., and others.

Radiofrequency Ablation Devices Industry Updates:

Feb 2021 Medtronic has procured endorsement for its DiamondTemp Ablation (DTA) system from the US Food and Drug Administration (FDA) for giving patients with atrial fibrillation (AF). As the primary temperature-controlled, watered radiofrequency (RF) ablation system with diamonds, the DTA system will be consumed for healing patients with recurring, symptomatic paroxysmal atrial fibrillation (AF) and those who have been impassive to drug therapy. It utilizes radiofrequency energy and is a minimally invasive method to make lesions (scar tissue), using warmth, to interject irregular electrical signals in the heart.

Feb 2021 MedLumics has solicited another €18 million (around USD 22 million) to back clinical trials of its optically-guided imaging system used to lead a surgical procedure for atrial fibrillation (AF) – a critical heart condition that causes an irregular heartbeat. The Spanish biotech says the latest round – which comes after a USD 3.8 million first round in 2011 and a $37 million series B in 2017 – will help it move the AblaView system out of preclinical growth and into the clinic, as well as scale up its production capacity. AblaView, a catheter used to carry out a procedure named catheter ablation, a minimally-invasive surgical method that includes scarring or abolishing tissue in the heart utilizing radiofrequency energy to disrupt faulty electrical signals instigating the arrhythmia.

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Bleeding Disorders Treatment Market Competitive Intelligence Analysis 2020-2023

Bleeding Disorders Treatment Market Overview

MRFR/Market Research Future projects the bleeding disorders treatment market to secure a decent CAGR of 10.0% between 2018 and 2023.

Growth Boosters and Deterrents

The American Society of Hematology reveals that in the year 2016, close to 20,000 Americans had hemophilia, with the prevalence higher in males. Hemophilia is a type of bleeding disorder that is rare and has been escalating at an alarming rate worldwide. Meanwhile, the burden of von Willebrand disease has been growing rapidly as well, emerging as one of the most common bleeding disorders in the United States resulting from clotting proteins. The disease affects both females and males and is prevalent in roughly 1% of the United States’ population. The Centers for Disease Control and Prevention also provides statistics that state that close to 400 newborns in the US every year, suffer from hemophilia.

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The bleeding disorder treatment industry is largely bolstered by the expanding patient pool, mounting awareness about the available treatment options, and the supportive compensation policies. Expiry of patents belonging to major brands can also present opportunities to generic drug manufacturers to make their foray into the bleeding disorder therapeutics market. the demand for bleeding disorder treatment options is quite robust in western economies in Europe and North America, in view of the exorbitant rates of the branded drugs. The demand for low-priced drugs is growing in developing and underdeveloped countries, given the reduced purchasing capacity of the patients in terms of medical treatment.

The competitive nature of the bleeding disorders treatment market is quite intense. Technological advances are the norm in the global market, with players increasingly churning out new and more innovative devices, solutions and therapies that facilitate effective treatment. To cite an instance, in December 2021, Takeda Pharmaceutical Company Limited launched myPKFiT, an advanced software as well as mobile app recently given the FDA approval. This software primarily caters to patients suffering from hemophilia A and are receiving treatment using ADYNOVATE. The company’s key aim is to offer effective hemophilia treatment while personalization remains the main focus.

Bleeding Disorders Treatment Market Segmentation

Bleeding disorders treatment industry can be categorized into type, drug class, treatment and end users.

The various types of bleeding disorders are hemophilia A, hemophilia B, Von Willebrand Disease (vWD) and more.

Depending on drug class, the global market has been considered for global recombinant coagulation factor concentrate market, global others bleeding disorders treatment market and plasma-derived coagulation factor concentrates market.

The different treatment options available in the market include hormone replacement therapy, desmopressin (DDAVP), anti-fibrinolytic/clot-stabilizing drugs, contraceptives, drugs applied to cuts and pipeline analysis (phase I, phase II and phase III clinical trials) and fibrin sealants.

Major end users in the global industry are clinics, hospitals, research institutes, specialty clinics, and others.

Bleeding Disorders Treatment Market Regional Insight

The regions across which the global market is spread across include Europe, the Americas, MEA or Middle East and Africa and Asia Pacific or APAC.

North America will be positioned in the lead over the review period, remarks MRFR, considering the fast adoption rate of modern medical technologies and the soaring number of companies specializing in drug development. Also, the surge in FDA approvals is encouraging players to focus even more on extensive R&D of highly advanced drugs and other treatment lines, which is bound to favor the bleeding disorders treatment market in the ensuing years.

Studies confirm that close to 149,764 people in Europe had hemophilia A and nearly 10,811 of the overall population in the region were diagnosed with platelet disorders in 2016. These statistics indicate the significant growth potential of the bleeding disorders treatment market, as a result of which the region is touted to secure the second position in the following years. Other encouraging factors include the increase in research spending, technical innovations and the general fall in human health across the region. The enhanced need for efficient and advanced therapies and drugs for treating hemophilia also push the market expansion rate in the region.

Leading Firms

Top companies in the global market are Ferring Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Pfizer Inc., Biogen Idec, CSL Behring, Grifols, Shire Plc, BDI Pharma, Octapharma, Novo Nordisk A/S, Bayer Pharmaceuticals, to name a few.

Latest Developments

October 2020

Bayer AG has acquired Asklepios BioPharmaceutical Inc., a reputed biopharmaceutical firm in the US, known for its specialization in research and development as well as manufacturing of advanced gene therapies with respect to multiple therapeutic areas. This acquisition is expected to drive Bayer AG’s gene and cell therapy platform to facilitate efficient treatments for patients with diseases like hemophilia.

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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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