Healthcare Cyber Security Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Healthcare Cyber Security Market Overview:

Cyber security is a process of protecting networks, systems, programs that are related to the healthcare industry from digital attacks. With the help of different software, healthcare cyber security helps to keep the data of patients, treatments, and health organizations safe and secure from cyberattacks and breaches. In the past few years, the number of breaches has increased in healthcare organizations. So, the cybersecurity system is growing rapidly with advanced technology.

Healthcare Cyber Security Market is expected to register a CAGR of 11.82% to reach USD 16,393.15 Million till 2025. Some of the responsible factors for the growth in the forecast period are the demand for upgraded and advanced cyber security solutions, disruptive technologies across the healthcare digital sectors, frequent breaches and threats. Some cloud-based security solutions are also expected to increase the growth of this market in the forecast period.

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Covid 19 Analysis:
The COVID 19 pandemic has affected the healthcare cyber security market by making the global economy unstable. It has created some serious issues and challenges for the healthcare sector. During the time of COVID 19, healthcare services also relied more on telehealth services instead of face to face interactions to reduce the spread. With the increased usage of remote access devices, privacy concerns increased as the usage of the internet increased worldwide.

Some of the common cyber security threats like mails spams, email schemes, data theft, data breaches in healthcare institutes, and ransomware attacks. For example, Brno University Hospital faced a major cyberattack in 2020 that caused immediate sundown of computers during the outbreak.

Market Dynamics:

• Drivers

The increased cyber breaches and attracts on the healthcare organizations have changed the healthcare cyber security market. It is expected to grow a lot more in the forecast period with the major driving factors like demand for healthcare cyber security, cybercrime rise, increase in the budget of the healthcare sector, cyber security awareness in healthcare sectors, and others. Also, there are many government initiatives around the world to protect the data that will make a significant impact on the market growth.

All healthcare organizations around the world such as clinics, hospitals, and pharmaceutical companies are in demand of technological advancement in security. Another key driving factor of this market is the increasing use of the internet and devices in the healthcare industry. With COVID 19 pandemic, the use of remote access devices increased a lot.  

• Opportunities

In recent years, the use of the internet and remote devices has increased very much. Due to COVID, the healthcare industry demand has increased sky-high. Most of the patients are using remote devices to stay in touch. It has opened a lot of opportunities for this market to introduce new technologies and keep the medical data and information safe. With more use of the internet in the medical sector, the risk of internet breaches, data theft has also increased. As it is expected to grow more in the forthcoming years, healthcare cyber security will get more advanced to reduce the overall healthcare threats.

• Restraints

Although the healthcare cyber security market is expected to grow very much in the forecast period, there are some restraints that will affect the growth rate. The lack of security software adaptation and less awareness about the use of cyber security in the healthcare industry, and others. The healthcare organizations are still now aware of the threat and the value of medical records. These records include bank information, social security number, and much other personal information that is used in the black market. So, awareness about these attacks and adapting to the technology advancements are very important.

• Challenges

Cyber security is evolving and introducing new technologies to prevent data theft and other cyber threats in the healthcare industry. However, with technological advancement, the threats are becoming more damaging and smarter. With the incensed use of devices in healthcare industries, the awareness among healthcare professionals and organizations. The cyber threat can only be reduced with the help of organizations along with technological advancement.

• Cumulative Growth Analysis:

The growth of the healthcare cyber security market is expected to increase a lot in the forecast period. With around 16% CAGR, the industry is expected to reach more than $26.1 million by 2027. The COVID 19 pandemic has affected this growth rate very much and increased the demand for more cyber security in the healthcare sector. All the healthcare organizations are now using different remote devices to stop the spread, which is increasing the use of cyber security to stay safe from threats.

Value Chain Analysis:
The healthcare cyber security market is one of the growing markets and is expected to be very good in the forecast period. In recent times, the use of the internet and medical-related devices increased a lot. Now, the cyber security market for healthcare has expanded a lot with different technologies. It has become more affordable with the increased number of competitors and technological advancements. In the upcoming years, the use of healthcare cyber security is very valuable and an effective way to keep medical information safe.

Segment Overview:
The healthcare cyber security market is segmented on the basis of 4 different factors.

• By threat

Based on the threat, the market is segmented into DDOS (distributed denial-of-service, ransomware, advanced persistent threat (APT), ransomware, spear phishing, and malware & spyware. Among all of these, ransomware is estimated to be the largest threat and expected to grow more in the forecast period. Some of the factors that attribute to make it the largest segment are increased cloud-based service uses, demand for advanced data protection, and many more.

• By offering

The market of healthcare cyber security is segmented into services and solutions based on offering. Among these, solutions are estimated to have the largest share in the healthcare cyber security market. Due to privacy concerns, growing demand for cost-effective and robust security solutions, regulatory enforcement, and others are the main factors that make it the largest segment. The solution segment is divided into antivirus & anti-malware, instruction detection system, identity and access management, distributed denial of service, firewall or unified threat management, and others.

• By end-user

The healthcare cyber security market is segmented into healthcare payers and healthcare providers based on end-users. Owing to the rising cyberattacks on healthcare organizations, supportive initiatives by the government, electronic health record awareness, eHealth implementing solutions on mandates, the healthcare provided segment is estimated to have the largest share. Some of the other factors that are supporting the growth of this segment are cloud services demand, healthcare infrastructure development investments, adoption of IoT devices, and others.

• By security

In this segment, there are a total of 4 sub-segments such as endpoint security, application security, network security, and cloud security. For the APT numbers, ransomware, phishing attacks, DDOS, and other increasing attacks, the network security is estimated to have the highest share of the healthcare cyber security market. The increased adoption of BYOD (Bring Your Own Device) and other trends are expected to increase the growth of this segment in the forecast years.

Regional Analysis:
Based on regional analysis, the market of healthcare cyber security is divided into Europe, America, Middle East & Africa, and Asia-Pacific. The growth in America is higher than any other region with high cases of data breaches, advanced information technology solutions based on healthcare, and others. Every year, cyber threats are increasing rapidly with more use of remote devices in the medical industry.

Europe is the second largest with a highly developed health sector and high use of medical devices. With the technological advancement, Asia Pacific is estimated to drive the growth of the market too in the forecast period. Factors like rising healthcare infrastructure, more healthcare funding, and capita income in the Middle East & Africa are also growing in this market.

Competitive Landscape:
There are many companies in the market that are improving their technology to provide better security. New product launches, growth strategies, and others are very common activities by the companies. Some of the best players in this market include IBM, Cisco, McAfee, and others based on the financial information, technological development in the last few years.

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Non-Invasive Monitoring Device Market Is Seeing Explosive Growth by Future Industry Winners: Forecast, 2020-2027

 Patient monitoring is a crucial job in the medical field. The monitoring process helps to identify the underlying condition and recovery of the patient. Today, monitoring devices play a major role in the medical world. Three types of monitoring devices are minimally invasive, non-invasive and invasive. The mechanism of these devices is unique. The non-invasive monitoring device market segment is witnessing high profits. The monitoring devices do not require penetration into the human body. These advantages of the non-invasive monitoring device increase its demand. 

It can generate and provide results of accurate body readings. The applications of the non-invasive medical device are pulse oximetry, Bp measurement, electrocardiogram and balder temperature checking. It is an essential monitoring system to identify the conditions such as cardiac disorder and cancer. Also, the diabetes type 2 non-invasive monitoring devices are popular these days. The requirement for these non-invasive monitoring is rising at a rapid pace at the forecast period. The non-invasive monitoring device market growth is estimated at 6.80%. Also, the market value of invasive monitoring is assumed to be 21,586.2 Million. The demand for non-invasive is more than the demand for invasive monitoring is massive in 2023. 

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Covid analysis 

Covid 19 has caused unexpected changes in the global non-invasive monitoring device markets. However, the medical industry is facing massive demand during this period. The rising demand for medical devices and technology is at its peak. The non-invasive medical sensors market is witnessing exceptional growth opportunities.

The requirement of the non-invasive monitoring systems health blood is high. The supply of non-invasive health monitor has been increased to meet immense market demand. The non-invasive monitoring device is also used in the covid critical care centres. It is helpful to monitor the patients and their recovery from the coronavirus. Also, the significance of this technology is rising more in the future years. Further, even during the pandemic and post covid 19, the non-invasive monitoring device market trends remain steady. The crucial market players of the non-invasive monitoring device market are taking advantage of the current situation to earn more profits. All this contributes to a positive impact on the global monitoring device market. 

Market dynamics 

• The crucial market drivers 

Non-invasive monitoring is high-end technology. Unlike any other medical devices, the awareness about this device is higher. The requirement of the blood monitoring system is massive in the medical industry. The blood monitoring devices are helpful to monitor the blood sugar levels of a diabetes patient.

Today, more than millions of individuals are suffering from diabetes. Also, the rate of diabetes patients is increasing every year. It is causing a serious need for non-invasive monitoring systems. The availability of non-invasive monitoring device both in public and private clinics are crucial non-invasive monitoring device market drivers. Furthermore, there are several initiatives by the government to reduce the rate of a diabetes patient. These initiatives ultimately raise the demand for monitoring devices. The immense population of diabetes patients in Asia and North America are another driving factor. 

• The market growth opportunities 

Today, the use of invasive monitoring device is versatile. It is used for plenty of monitoring procedures. The speciality of this non-invasive device is the sensors. The device does require skin penetration. With the sensors, the device can provide the results of the patient. The hassle-free properties of the device offer plenty of future scopes. Also, there are varieties such as the brain, cardiac, blood, anesthesia and neurology non-invasive monitoring devices. The prevalence of people having these disorders is increasing. It is creating future growth opportunities for the non-invasive monitoring market.

Furthermore, in the upcoming years, technological advancement in the healthcare sector is massive. The adoption rate of these technologies also rises ever higher. The awareness and requirement of the monitoring devices provide exceptional growth opportunities. Also, the new developments in non-invasive devices will fuel the market growth. The new methods of non-invasive monitoring of intracranial pressure (ICP) are the future developments. 

• The market restraints 

The non-invasive monitoring device is sophisticated. The complexity of this medical device is a crucial restraint to the market. The adoption rate of this technology lows down due to device complexity. The readings of the non-invasive device are known as erroneous. It confuses while using the device in the healthcare sector. The wearable device is easier to operate than invasive monitoring devices.

However, there is a lack of awareness about its easy functions and benefits. These aspects are the most crucial restraining factors of the market. Also, the use of non-invasive monitoring device requires the approval of the government. However, in several regions, there are stringent government norms regarding the use. It is causing several restrictions in the overall monitoring system market growth. 

• The market challenges 

The non-invasive monitoring device is a crucial part of developed countries medical infrastructure. However, the device is not a part of several healthcare centres in undeveloped regions. The requirement of these drives is high in the underdeveloped region. However, the awareness about the device is less in underdeveloped areas. It is causing several inconsistencies in the global non-invasive monitoring device market.

The lack of awareness in undeveloped regions is a significant challenge of the market. There are several drawbacks due to this challenge. It restricts the non-invasive device market in the future years. Also, the non-invasive monitoring device industry requires more R&D for new developments. The non-invasive market can survive better with the help of new development. Therefore, the significant market challenge is the lack of awareness in underdeveloped regions and fewer new developments. 

• Cumulative growth analysis 

The non-invasive monitoring device market is a flourishing market. The need for this device is growing at an exponential pace. There are plenty of drivers that propel the market growth. Also, there are plenty of potential growth opportunities that provide exceptional prospect. However, some factors hamper overall growth. The complexity in the device operations is a restraint. Also, the exposure of the non-invasive monitoring device is less in the underdeveloped regions. These factors can decline the on-invasive monitoring device industry demand in future years. However, the non-invasive monitoring device industry growth remains steady amidst all these factors. The new strategies of the key market players help in eliminating the challenges. Therefore, the cumulative growth analysis of the market is positive. 

• Value chain analysis 

North America holds the largest non-invasive monitoring device market share. The rate of diabetes patients is high in this region. The well-known segments are the neurodiagnostic and monitoring devices market in us. The demand in this region will intensify in the upcoming years. Also, the technology adoption rate is immense in North America.

Moreover, the expenditure on medical devices is higher than in any countries. The investments rate on Non-invasive monitoring device is massive in North America. All these aspects contribute to the overall market growth in this region. The governmental initiatives to promote the product are another on-invasive monitoring device industry driver. Non-invasive monitoring health biomarkers are surging in North America. Also, North America will be the highest contributing global monitoring device market. 

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Global Stroke Post Processing Software Market to Witness Steady Growth through 2027

 Stroke Post Processing Software Market is projected to list a CAGR of 6.48% to influence income generation of USD 1,294.24 Million by 2024. A stroke can be defined as the absence of blood flow to brain tissues, resulting in vascular assembly within the brain. Furthermore, increasing awareness regarding the benefit of stroke post-processing software in individuals and healthcare professionals would create more demand for these products, boosting the global stroke post-processing software market's growth.

COVID-19 Analysis

The effect of the COVID-19 pandemic on medical care for circumstances other than COVID-19 has been problematic to quantify. Any reduction in patients' upkeep with severe conditions such as ischemic stroke may be noteworthy because timely treatment may decrease the incidence of disability. The decline in the use of stroke imaging from the pre-pandemic period to the early-pandemic period data supports an association between COVID-19 and stroke in young residents without characteristic vascular risk influences, at times with only slight respiratory symptoms, are growing. Severe stroke care requires real-time, specialist-led medication decisions, together with thrombolysis and recommendation for mechanical thrombectomy. The pathways intended to produce time-critical interventions for stroke patients are under intense pressure owing to the bearing of the COVID-19 pandemic. In responding to this unparalleled drain on acute care facilities, stroke clinicians are trying to reconfigure current clinical pathways both in and among hospitals. The integration of artificial intelligence and digital communication support into clinical pathways offers a chance to mitigate acute stroke care interruption.

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Market Segmentation

The stroke post processing software has been segmented into installation, modality, type, and end-user . Based on the segment which is installation, the market is categorized on the basis of desktops, mobile phones and tablets. The global market for stroke post processing software is further segmented based on modality into CT Scan and MRI. Furthermore, the market, on the basis of type is segmented into hemorrhagic stroke, ischemic stroke, and others. The market based on end-users is segmented into hospitals & clinics, specialty centers, and others.

The stroke post processing software market report offers comprehensive study of the global market segments including installation, modality, type, and end-user. The analysts have also studied the stroke post processing software market's spread across the regional markets across many of the stroke post processing software market’s segments at country levels. The installation, modality, type, and end-user segments spread across the stroke post processing software market along with the subsegments are studied. The global market for stroke post processing software is spread across various product and service based segments. The stroke post processing software market research report highlights these key segments and offers forecasts based on primary and secondary data. The global stroke post processing software market research report presents key company profiles of organizations active across the stroke post processing software market.

Regional Overview

The presence of rigorous regulations may hinder the stroke post processing software market growth. The stroke post processing software industry research report suggests that companies in the stroke post processing software market could be supported by the surge in geriatric population levels as well as the increased occurrence of cases related to ischemic strokes during the forecast period. The stroke post processing software industry is set to register growth at a high CAGR owing to these key factors. The stroke post processing software market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per stroke post processing software market analysts, the stroke post processing software market is set to witness tremendous growth across installation, modality, type, and end-user segments. The global stroke post processing software market’s North American region covers stroke post processing software markets across the United States, Mexico, Canada, and others. Businesses present in the stroke post processing software market are also profiled and their strategies have been presented in detail in the stroke post processing software market research report.

The global stroke post processing software market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the stroke post processing software market research report provides details about the APAC region covering stroke post processing software markets from China, India, Australia, Japan, and others. The stroke post processing software market is also active across several other parts of the world. The stroke post processing software market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global stroke post processing software market..

Competitive Landscape

Stroke post processing software has seen tremendous growth, due to the joining of market players' efficiencies and the stroke post-processing software. However, lack of awareness and high cost would challenge the companies active in the stroke post processing software market. Furthermore, companies using growth strategies to stay ahead in the global stroke post processing software market are expected to help the market during the forecast period 2018 to 2024. As the stroke post processing software market report suggests that the stroke post processing software market will register a CAGR of 6.48% and reach a US$1,294.24 million by 2024, the market report highlights key areas stroke post processing software market based companies need to focus on. The stroke post processing software market research report projects a long term growth till 2024. Based on stroke post processing software market’s analysis on the basis of SWOT and Porters’ Five Force Model, the stroke post processing software market will rise during the forecast period 2018 to 2024, however the companies need to move ahead with caution. The stroke post processing software market research report highlights such key areas. 

Market Research Future (MRFR) recognizes the following companies as key players in the global stroke post processing software market that include Brainomix (UK), Viz.ai, Inc. (US), iSchemaView, Inc. (US), General Electric Company (US), Koninklijke Philips NV (Netherlands), and Siemens (Germany).

Industry News

BD Life Sciences has announced that its purchase of the Single Cell Genomics Company Cell Research headquartered in San Francisco will be completed. Cell science worked hard to meet the core unsatisfied needs of researchers in single cell genomics. This acquisition is a symptom of the ever-increasing competence of Fluidigm, one commercial player, in this lucrative market. A significant trend in the industry is emerging; clients want to prepare a robust workflow for downstream applications from single-cell insulation. That is partly the result of this purchase. This feeling was expressed by Linda Tharby, Executive Vice President of BD Life Sciences.

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Sterilization Technology Market 2020 Global Trend, Segmentation and Opportunities Forecast To 2027

 The global sterilization technology market is expected to reach a CAGR of 8.20% and the market will grow up to 8,142.61 USD million. Sterilization is a process that kills pathogens and ensures that a product has no microorganisms. The process includes different methodologies and technologies which are used for sterilization of equipment at the healthcare institutes.

Sterilization can be done differently by including irradiation, high pressure, filtration, heat and chemicals. It is equivalent to pasteurization, sanitization, and disinfection. Most of the surgical and medical devices used in the pharmaceutical industry are made from materials prone to heat, which is essential for sanitization.

 Various efforts are taken to improve sterilization to meet the needs caused by diverse product ranges in the different sectors. The technology used for sterilization includes electronic beam radiation, thermal sterilization, gamma radiation, etc., to kill the microorganisms.

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COVID-19 Analysis

global sterilization market will observe an exceptional CAGR growth of 8.2% during the forecast period. The COVID-19 outbreak took the global sterilization technology market to a new level. There was a vast and constant demand for advanced healthcare systems, infrastructure, and, most notably, better services to treat the patients. To meet this rising demand globally, many companies have come forward to fulfil the demand and produce sustainable products to lessen the spread of COVID-19.

The number of healthcare facilities and surgical procedure are increasing every year. There are various sectors of sterilization market which is still not fulfilled, which will cause an excellent opportunity for the key market players around the world.

Market Dynamics

Market Drivers

The global sterilization technology market is driven mainly by the increased rate of infections, the rapid growth of biotechnological and pharmaceutical companies, increased medical procedure and advancement of technology in the sterilization market. Infectious diseases such as AIDS and innovation of medicines and initiatives taken by the government are also considered the primary market drivers of sterilization.

According to the World Health Organisation report, millions of people across the world are affected by HAI (Healthcare-Associated Infections) every year. This factor leads to a high mortality rate and substantial financial losses for the healthcare systems.  According to WHO, healthcare infection differs by around 5.7% in low income and 19% in medium-income countries. The rise in Healthcare-Associated infections is one of the drivers of the Global sterilization technology market. Gradual improvements to enhance technology to produce better medical devices and investments in Research and Development activities by the leading market players will also offer an excellent opportunity for the market to rise.

Opportunities

The sterilization technology market is divided into three segments based on type- sterilization consumables and accessories, sterilization services, and sterilization instruments. The advancement in technology will open the opportunity to develop and reduce the chances of Hospital Associated Disease. Companies will focus on manufacturing advanced sterilized materials, which will help research institutions, surgical procedures and pharmaceuticals.

Restraints

The global market indeed has a promising future. Some restraints may hinder its development. High maintenance cost and replacements of sterilization equipment will be a significant problem for the sterilization market to grow. Thermal sterilizers need steam, water, and electricity to work efficiently.

Challenges

In the sterilization technology market, the traditional methods that use hot air or steam under pressure are still viewed as reliable techniques, providing better sterility. Other sterilization methods include ionizing radiation, filtration, and gases efficiently kill the microorganisms.

Stricter rules and regulations related to harmful gases are also the main factor. Active agents like formaldehyde are flammable, toxic, carcinogenic and explosive. They contain the potential to affect your health and environmental hazards. Governments in many countries have strict regulation due to the emission of greenhouse gases and safety issues.

Cumulative Growth Analysis

sterilization technology market is primarily driven by HAI (Hospital Acquired Infections). In the last few years, the number of surgical procedures has increased significantly. There is a massive demand for the development of sterilization technologies in the market.  It is expected that the sterilization market will have grown with a CAGR of 8.20%. The market price will reach United States Dollar 8,142 million by the year 2023.

Value Chain Analysis

The sterilization technology market is also associated with research institutes, pharmaceuticals and biotechnological companies, clinics, hospitals, beverage and food industry, etc. The biotech and pharmaceutical sectors accounted for around 25% of the total revenue in the year 2018. It was because of the constant demand for injections and vaccines. The development of technological cell procedures will be beneficial for sterilization industry.

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Ventilator-Associated Pneumonia Market Volume Analysis, Size, Share and Key Trends 2020-2027

 The global ventilator-associated pneumonia market is expected to exhibit significant growth over the forecast period. The market was valued at approximately USD 968.92 million in 2018 and is projected to register a 9.45% CAGR over the forecast period.

Ventilator-associated pneumonia is a type of lung infection that affects patients who are on ventilators. It is caused because of lung diseases, neurological diseases, and trauma.
Factors such as the growing prevalence of ventilator-associated pneumonia and increasing incidences of traumatic brain injury are expected to drive the market growth. According to a report published by the National Center for Biotechnology Information (NCBI) in November 2017, the incidence rate for ventilator-associated pneumonia ranges from 5% to 67%, depending upon the case. Moreover, the increasing research and development expenditure for the development of effective treatment for the disease is further boosting the market growth.

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However, factors such as expensive diagnostic tests, high ventilator charges, and inappropriate reimbursement scenarios are expected to hamper the market growth. 
 
Segmentation
The global ventilator-associated pneumonia market has been segmented into diagnosis, end users, and region.
Based on diagnosis, the global ventilator-associated pneumonia market has been segmented into clinical, radiological, microbiological, and others. The microbiological diagnosis segment is further classified into blood & pleural fluid cultures, nonquantitative or semi-quantitative airway sampling, and quantitative cultures of airway specimens.
The global ventilator-associated pneumonia market, by end user, has been categorized into hospitals & clinics, research & academic institutes, ambulatory care centers, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The ventilator-associated pneumonia market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European ventilator-associated pneumonia market has been segmented into Western Europe and Eastern Europe. The market in Western Europe has further been classified into France, Germany, Spain, the UK, Italy, and the rest of Western Europe. 
The ventilator-associated pneumonia market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The ventilator-associated pneumonia market in Middle East & Africa is segmented into the Middle East and Africa.  
 
Key Players
Adenium Biotech ApS (Denmark), Merck & Co., Inc. (US), AstraZeneca (UK), MedImmune (US), Nabriva Therapeutics AG (Ireland), Thermo Fisher Scientific (US), Bayer AG (Germany), Wockhardt (India), Shionogi Inc. (Japan), Cardeas Pharma (US) are some of the key players operating in the global ventilator-associated pneumonia market.

Regional Market Summary

Geographically, the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is anticipated to dominate the global ventilator-associated pneumonia market owing to the prevalence of ventilator-associated pneumonia and growing initiatives by the government and non-government organizations to control the growth of the disease.
Europe is expected to hold the second-largest share of the ventilator-associated pneumonia market. The presence of a large patient population suffering from lung diseases and well-developed healthcare industry drives the market growth in this region.
Asia-Pacific is expected to be the fastest-growing regional market owing to the growing initiatives taken by the government and non-government organizations to create awareness regarding the prevalence rate of various infectious diseases and increasing incidences of ventilator-associated pneumonia. According to a report published by the Indian Chest Society in August 2016, the incidence rate of ventilator-associated pneumonia is approximately 13.6 per 1000 mechanical ventilation days in India.
The ventilator-associated pneumonia market in the Middle East & Africa holds the least share of the market. The Middle Eastern market is expected to hold a significant market share of this region owing to growing government initiatives for developing the healthcare industry in this region. The African market is expected to grow due to high prevalence of infectious diseases.


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Global Surgical Chips Market size and forecast, 2020-2027

 The global market for surgical chips is anticipated to surge at a remarkable CAGR throughout the forecast period (2017-2027), asserts Market Research Future (MRFR). A surgical chip is a recognizing coordinated circuit gadget encased in silicate glass and embedded in the body of an individual.

Drivers and Restraints

The global surgical chips market is growing at a luxurious pace; primarily owing to the increasing penetration of technology in healthcare sector, and growing awareness about the use of surgical chips for patient tracking, medical records management, and healthcare quality control. MRFR experts report that the global surgical chips market is at a flourishing stage and is predicted to gain further prominence over the forecast period.

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The market is also inundated with market players constantly indulging in research and development activities to gain a competitive edge over other companies. For instance, in August 2018, researchers at Brigham and Women’s Hospital (BWH) developed 3D bioprinted tubular structures that imitate the human body’s vessels. The 3D bioprinting technique allows for better replications of the tissues’ properties and could potentially offer a viable solution for damaged tissue.

Market Segmentation

The global surgical chips market has been segmented based on type, end-user, and application.

The types in the global market are DNA Chips, brain chips, lab chips, protein chips, tissue chip and others. The DNA chips market is gaining significant traction from several factors, such as large-scale initiatives in the related field, increasing demand for personalized medicine, miniaturization of DNA chips, escalating need for early detection of cancer and consequent diagnosis and therapeutics.

By end user, the market is segmented into hospitals, clinics, research facilities and others. With constant research and development activities undertaken by companies, number of research facilities have cropped up to meet with these demands. Thus, continuous innovations and discoveries are possible only with high availability of research facilities.

By application, the market is segmented into cancer diagnosis and treatment, gene expression, SNP genotyping, genomics, clinical diagnostics, and others. Rising cases of cancer patients, changing lifestyle and unhealthy eating habits have led to subsequent surge in the cancer diagnosis and treatment market.

Regional Analysis

The market is regionally split into the regions of the Americas, Europe, Asia Pacific, and Middle East & Africa.

North America is the largest market for surgical chips globally on account of increasing healthcare R&D expenditure and highly enhanced healthcare technology. The need to curtail costs, growth and increased use of shifting commodity prices also work in favor of the regional market.

MRFR reports that Europe is the second-largest market for surgical chips due to high strength of private label brands coupled with increased competition amongst market players. Constant technological innovations and continuous R&D activities enhance the market development as well.

On the other hand, Asia Pacific is presumed to be a growing market for surgical chips market, demonstrating a spectacular growth on account of government funding and support along with improving economy and constant efforts put by market players to achieve success in the market. For instance, in August 2018, IIT Kharagpur set up India's pioneering Bioelectronics Innovation Laboratory to develop futuristic battery-free implantable medical devices in the form of chips. These chips will be used for treatment of brain, nerve, muscle or spinal cord disorders that are untreatable by using standard medical practices.

The Middle East and Africa market is developing slowly but steadily as the region is attracting new players to venture into the regional market, which is expected to intensify the competition in the market in the near future.

Key Players

Bio-Rad Laboratories Inc. (US), Cepheid (US), Abbott Laboratories (US) Agilent Technologies, Inc. (US) Perkinelmer Inc. (US), Fluidigm Corporation (US), Illumina Inc. (US), GE Healthcare (UK), Thermo Fisher Scientific, Inc. (US), Roche Diagnostics (Switzerland) are some of the companies at the forefront of the market.

Industry News

An Israeli researcher by the name of Dr. Ben Meir Maoz of Tel Aviv University’s biomedical engineering department has developed a brain chip which will allow research on the human brain at levels of detail and precision that were not previously possible. Its specialty is its ability to take a complex system such as the brain, then break it down into subunits, and still preserve the links between these subunits.

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Throat Lozenges Market: Comprehensive Analysis of Factors That Drive Throat Lozenges Market Growth (2020 - 2027)

 According to MRFR,   the global throat lozenges market is expected to witness a moderate CAGR of 4.20% and generate a market value of USD 6.58 Billion by the end of 2023.

COVID-19 Analysis

A positive effect of the COVID-19 pandemic is expected on the Global Throat Lozenges Market. The typical signs of COVID-19 are a sore throat and coughing. Therefore, people under home confinement have been using at-home remedies for COVID-19 such as throat lozenges for chronic cough and over-the-counter pain relief for body aches. Therefore, in the next 2 to 3 years, the growing demand for throat lozenges for the treatment of initial COVID-19 symptoms of coughing and throat pain is expected to fuel the growth of the market for throat lozenges. The growing demand for throat lozenges has also led to the production of throat lozenges by companies from different industries. 

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Throat infections are common, and lozenges are usually the first line of defence for such conditions. Throat lozenges brands continue to leverage marketing tools to increase the commercial visibility of their product.  Other factors that are linked with the growth of global throat lozenges market include the development of new ingredients, rapid product penetration in fast-developing countries and low-price of throat lozenges. However, the availability of alternative treatments and therapies somewhat inhibit the market opportunities for throat lozenges.

Global Throat Lozenges Market: Segmental Analysis

MRFR’s report include a descriptive segmental analysis of the market based on type, ingredient, and indication. By type, the market has been segmented into hard-candy lozenges, soft lozenges, and compressed lozenges.  The hard-candy segment is further sub-segmented into chewy or caramel based medicated tablets and centre filled hard-candy lozenges. The hard candy lozenges segment currently accounts for more than one-third share of the market and is expected to remain highly lucrative during the forecast period. In 2017, over USD 2400 Mn worth hard-candy lozenges were sold globally. By ingredient, the market has been segmented into menthol, eucalyptus oil, mint, peppermint oil, honey & ginger, lemon, and others. Among these, the menthol segment accounts for the largest market share. In 2017, the segment reached a market valuation in excess of USD 1700 Mn and projected to expand at a CAGR of 3.45% by 2023. By indication, the market has been segmented into cold and cough, sore throat, throat diseases, and others. The sore throat segment holds the pole position and the trend is likely to continue over 2023. The segment surpassed a market valuation of USD 2400 Mn in 2017.

Global Throat Lozenges Market: Regional Analysis  

The report also includes a regional analysis of the market that covers Europe, North America, Asia Pacific (APAC), South America and the Middle East & Africa (MEA). Currently, North America and South America collectively account for the largest market share. In 2017, the Americas accounted for more that 31% share of the market.  North America in particular is expected to remain an important market for throat lozenges during the review period. Sales of OTC medial products including throat lozenges will continue to grow in the region in the years to come. Meanwhile, Europe has emerged as the single largest market for throat lozenges. Prevalence of common cold is considerably high in various parts of Europe, which acts as favorable element for the region’s throat lozenges market.

Global Throat Lozenges Market: Competitive Landscape

Bausch Health Companies Inc, Procter & Gamble, Prestige Brands Inc, Wrigley Company, Reckitt Benkiser Group plc, Gepach International, Bliss GVS Pharma Ltd, Thornton & Ross, Ricola AG, Ernest Jackson, Mondelēz International group, GlaxoSmithKline, Pfizer Inc., Doestsch Grether AG are some of the leading companies profiled in MRFR’s report.

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