Research report covers the Lithotripsy Market Forecasts and Growth, 2020-2027

 Lithotripsy is a medical procedure which involves breaking stones present in the bladder, kidney, and ureter into tiny pieces through the use of high-energy shock waves so that they can be easily passed through the urine. Lithotripsy is the most common line of treatment for kidney stones. The global lithotripsy market is anticipated to capture a moderate CAGR of 4.1 % over the forecast period. The global lithotripsy market is likely to attain USD 524.9 Mn by the end of 2023.

The growing prevalence of urological disorders is one of the main factors boosting the growth of the global lithotripsy market. Additionally, one of the main advantages associated with lithotripsy is that it does not involve any incision. Growing preference for minimally -invasive and noninvasive medical procedures is a prime factor augmenting the growth of the market.

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Increasing investment by market players on the development of novel devices and innovation has resulted in various product launches which are expected to augur market growth over the forecast period. Other factors fostering market growth include improvement in reimbursement scenario, the rise in the aging population, and spreading awareness regarding the procedure.

However, very large stones cannot be treated with lithotripsy and lithotripsy is not suitable for every patient who might impede the growth of the market over the forecast period. Moreover, lithotripsy is not suitable for pregnant women, people with bleeding disorders, morbidly obese people, and people with severe skeletal abnormalities. The underlying potential risk of causing injuries to the kidney is also a factor which restricts patients to opt for the procedure. However, advancements in technology and innovation in procedures is likely to present growth opportunities to the global lithotripsy market. 

Segmentation

The global lithotripsy market has been segmented based on type and end user.

By type, the global lithotripsy market has been segmented into extracorporeal shock wave lithotripsy (ESWL), intracorporeal (endoscopic lithotripsy), percutaneous lithotripsy, and others. The intracorporeal segment has been segmented into laser lithotripsy, electrohydraulic lithotripsy, mechanical lithotripsy, and ultrasonic lithotripsy.

By end user, the global lithotripsy market has been segmented into hospitals and clinics, research laboratories, academic institutes, and others.

Regional Analysis

By region, the global lithotripsy market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas is the largest market for lithotripsy and held the largest share of the market in 2016. The widespread prevalence of urology disorders and the presence of a massive pool of diabetic patients in the region drive the Americas market. Moreover, robust healthcare sector, favorable reimbursement scenario, and high healthcare expenditure in the region can be credited for the growth of the market.

Europe commands the second position in the global lithotripsy market where Western Europe accounts for the lion's share of the market. High healthcare expenditure and spreading awareness about new products and therapies in the region can be credited for the growth of the market.

APAC is the fastest growing market for lithotripsy. Expanding healthcare sector, improving reimbursement scenario and the existence of a broad patient base in the region stimulates the growth of the market. The MEA market is expected to grow at a moderate pace over the forecast period.

Competitive Landscape

EDAP TMS (France), Boston Scientific (US), Medispec LTD (US), Dornier MedTech.(Germany), Siemens Healthcare GmbH (Germany), STORZ MEDICAL AG (Switzerland), DIREX, S.L. (Spain), Elmed Electronics & Medical Industry & Trade Inc.(Turkey), Jena Med Tech GmbH (Germany), Olympus Corporation (Japan) are the key players in the global lithotripsy market.

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MEA Urinary Tract Infection (UTI) Drugs Market Growth, Trends and Value Chain 2020-2027

 UTI drugs are used for the treatment of urinary tract infection caused by bacterial or fungal infections. World Health Organization (WHO) estimates that approximately 50 % of women have UTI at some point in their lives resulting in more than $1 million hospitalizations per year. WHO estimates the cost of UTI infections to be annually greater than $1 billion. It has further been stated that chances of boys being diagnosed with UTI is 1% while chances of girls being diagnosed with UTI is 3 to 8%. The Middle East and Africa UTI drugs market is growing due to factors such as catheter associated UTI, hospital borne infections (nosocomial infections), child birth, old age, obesity, growing health awareness especially about women health etc. On the other hand market constraints includes excellent efficacy of present antibiotics specially quinolones, growing drug resistance, unmet clinical needs, increasing incidence of chronic diseases etc. However, the rise of drug resistance has created the need for novel acting antibiotic. The future of UTI treatment seems to be development of biologics with greater market development especially with respect to poorly growing African market. The loss of patents, weakening developed pipelines and poor expenditure on health in African region had further constrained the market growth.

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The Middle East and Africa UTI drugs market has been segmented into drug class which includes quinolones, aminoglycosides, β-lactam, azoles and others. Among all these drug classes quinolones have the largest market value due to their broad variety and excellent efficacy. The share of aminoglycosides have been reduced by a small margin as this drug is resistance. Thus the current trend in UTI treatment is combined drug regimen. The market threat includes a form of substandard, counterfeit and spurious drugs have emerged. However it has to be noted that a huge unmet need exists for these drugs in the Middle East and African region.

Key Players:

Major participants of this market are: Bayer AG, Novartis AG, Pfizer Inc., F. Hoffmann-La Roche Ltd, AstraZeneca, Cipla Inc., Dr. Reddy’s Laboratories Ltd. and others.

Middle East and Africa UTI Drugs market:

The Middle East and Africa UTI drugs market has been evaluated to be growing market and is expected that the market will grow moderately in the future. The Middle East and Africa UTI drugs market is expected to grow with the CAGR of 4.35% during the forecast period. The growth will primary be led by unmet medical needs and rising incomes of the population.

Regional Analysis:

Depending on geographic region, UTI drugs market is segmented into following countries: UAE, Egypt, Saudi Arabia, Kuwait, Qatar and Oman; UAE is the largest market followed by Egypt. However the future market will be led by poorly developed parts of Africa due to large unmet needs. 

Market Segmentation:

Middle East and African UTI drugs market has been segmented on the basis of drug class which comprises of quinolones, aminoglycosides, β-lactam, azoles and others. On the basis of clinical Indications the market is segmented into urethritis, cystitis and pyelonephritis. On the basis of end users, market is segmented into hospitals and self-administered.

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Pharmaceutical Filtration Market – Insights on Upcoming Trends 2027

 Filtration is the process that aids in separating the suspended particles from a particular medium by passing it through a membrane. It is considered as one of the most important processes adopted in the pharmaceutical sector. The process of filtration can be combined with various other operations. However, it should be noted that filtration is far different from sieving, wherein separation is carried out with the help of a single perforated layer. However, in filtration, the multi-layer lattice is typically used. This technique is used across different processes like bulk and solvent filtration, air filtration, and water filtration.

Filtration in the pharmaceutical industry is used for the purification and separation of the component and for also maintaining the sterile conditions during the process in order to prevent contamination. The different methods used for filtration depends upon the component that require to be filtered.  

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The global market of pharmaceutical filtration devices according to Market Research Future (MRFR) is expected to reach a projected valuation of USD 23 billion by the end of the forecast period in 2022. The factors influencing the demand of the global market are the increasing growth of the pharmaceutical sector and the rapid-scale growth in the generic drug production. At the same time, strict requirements in regards to cleanliness in manufacturing facilities, rise in the manufacturing level of vaccines due to the widespread prevalence of diseases like dengue, chikungunya, and malaria, and the increasing production of varying large molecules are some of the other driving factors of the global market. Additionally, increasing research and development activities and advancement in filtration techniques are also key drivers of the market.

However, the huge requirement of capital for setting up new facilities of production and strict regulations of government for legalizing the process of filtration are anticipated to cause hindrance to the overall growth of the global market during the forecast period.

Market Segmentation

The global pharmaceutical filtrations devices market segmentation is based in terms of product, applications, and filtration types.

By types, the market includes grade filtration (liquid and gas), water filtration, air filtration, chemical filtrations, and absorptive filtrations.

By product, the market segments into media filters, membrane filters, cartridges and capsule filtration, and others.

By application, the market includes cell separation, water purification, air purification, sterilization, media and buffer filtrations, and others.

Regional Analysis

The geographical segmentation of the global pharmaceutical filtration devices market is divided into the following regions: Americas, Asia Pacific, Europe, and the Middle East & Africa. 

North America holds the dominant position of the global market in terms of both value and volume. It holds the largest share of the market and is expected to grow further in the coming years.

The European region standing in the second position in the global standings of the pharmaceutical filtration devices market is expected to continue its surge upwards to catch up to the North American region. Advancements in technology, the active presence of various large and prominent market players, rising manufacturing of generic drugs and biopharmaceutical products are expected to also drive the market in this region.

The market growth in the Asia Pacific region is also expected to expand at a rapid pace. This is due to the rising government initiatives and funding, rising healthcare expenditure, increasing prevalence of diseases like malaria, rabies, and polio, and growing investments by leading market players in emerging economies like India and China.

Competitive Landscape

The global pharmaceutical filtration devices market hosts numerous key players, including Merck KGaA (Germany), GE Healthcare (U.S.), Sartorius Stedim Biotech S.A. (France), Pall Corporation (U.S.), Koch Membrane Systems Inc. (U.S.), Alfa Laval (Sweden), Parker Hannifin Corporation (U.S.), Graver Technologies, LLC (U.S.), and GEA Group (Germany).

April 26^th, 2019, Amazon Filters identified and selected Making Pharmaceuticals Exhibitions & Conference of 2019 the place to showcase the company’s latest filter housings and microfiltration filter cartridges.

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Anti-epilepsy drugs Market Insights Analysis 2020-2027

 The global anti-epilepsy drugs market is expected to exhibit a solid 3.79% CAGR over the forecast period, according to the latest research report from Market Research Future (MRFR). The global anti-epilepsy drugs market was valued at USD 3.7 billion in 2015 and is expected to reach USD 4.8 billion by 2022. The report presents a comprehensive overview of the global anti-epilepsy drugs market, including a detailed analysis of the market’s major drivers and restraints, major players, and other factors and trends affecting the market’s movement. The short-term and long-term impact of the coronavirus pandemic on the anti-epilepsy drugs market is also studied in the report.

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Anti-epilepsy drugs are drugs formulated to counter epilepsy, a neurological disorder characterized by seizures. The rising prevalence of epilepsy and rising awareness about the disease are likely to be the major drivers for the global anti-epilepsy drugs market over the forecast period. Around 24 million people around the world suffer from epilepsy. Rising awareness about the disease is a major driver for the global anti-epilepsy drugs market. Due to its puzzling origins, epilepsy has always been shrouded in mystery. This has led to a lack of awareness about effective cures for the condition. However, this condition has reversed in the last few decades, with the development of effective treatments for the disease resulting in growing awareness around the world. This is likely to remain a major driver for the global anti-epilepsy drugs market over the forecast period.

On the other hand, the unknown origin of epilepsy is likely to remain a key restraint on the global anti-epilepsy drugs market, as this makes it difficult to develop effective cures against the disease. Despite growing research, the origins of epilepsy have remained elusive, making it difficult to develop effective cures. The loss of patents of anti-epilepsy drugs such as Neurontin and Lyrica is also likely to be a major restraint on the global anti-epilepsy drugs market over the forecast period.

Competitive Leaderboard:

Leading players in the global anti-epilepsy drugs market include Cephalon Inc., Shire Pharmaceuticals Ltd., Sanofi SA, Novartis International AG, GSK plc, Abbott Laboratories, UCB Pharma Ltd., Johnson & Johnson, and Pfizer Inc. Major players in the global anti-epilepsy drugs market are likely to engage in product development in the coming years, as the development of effective anti-epilepsy drugs has become attainable for players in the market. The development of generics is also likely to remain a major trend in the global anti-epilepsy drugs market over the forecast period.

Segmentation:

The global anti-epilepsy drugs market is segmented on the basis of type of seizure, generation, and region.

By type of seizure, the global anti-epilepsy drugs market is segmented into generalized seizures and partial-onset seizures.

By generation, the global anti-epilepsy drugs market is segmented into first-generation, second-generation, and third-generation anti-epilepsy drugs. Third-generation anti-epilepsy drugs are likely to carve out an important share in the global anti-epilepsy drugs market over the forecast period.

Regional Analysis:

The Americas and Europe dominate the global anti-epilepsy drugs market with an almost equal share. However, over the forecast period, the Americas market is likely to exhibit higher growth, with the Americas market pulling ahead of Europe by 2022. North America is the major regional market within the Americas and is likely to remain the major revenue generator over the forecast period. The U.S. is likely to remain the leading regional market over the forecast period due to the easy availability of advanced anti-epilepsy therapeutics in the region and the growing awareness about anti-epilepsy drugs in the region. The presence of leading anti-epilepsy drugs market players in the region has led to a growing presence of the market in the region, leading to the region establishing a strong share in the global anti-epilepsy drugs market. Europe is also an important regional market for anti-epilepsy drugs.

Asia Pacific is expected to grow at the highest CAGR over the forecast period.

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Bone Densitometers Market Forecast to 2027 – Driven by Industry Major Players, Dynamics, Future Opportunities, Revenue, Growth

 Bone densitometry is a type of non-invasive technology which is used to measure bone mass. This technology measures the amount of loss of bone mass in a patient’s body. Bone mass is the weight of the skeleton, overall or in specific regions. Nowadays, bone densitometry is used as an established standard to measure the bone material density. The market for bone densitometer is growing at a comparatively good rate. Growing senior population which are highly susceptible to bone related diseases has fueled the growth of bone densitometer market. 

The global market for bone densitometers is expected to reach around USD 1.2 billion by the end of the forecast period and is expected to grow at a CAGR of ~5.3%.

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The primary reasons for the growth of the global bone densitometers market are the technological advancement and growing population of senior citizens who are highly susceptible to bone-related ailments. This market has been segmented on the basis of end user, technology, type, and lastly, region. Based on end users, this market has been segmented into academic & research institutes, diagnostic centers, hospitals, specialty clinics, and others. The technology-based segmentation segments the market into dual-energy X-Ray absorptiometry (DXA), quantitative computed tomography (QCT), radiographic absorptiometry (RA), single X-Ray absorptiometry (SXA), and others. High quality scanner machines are making these technologies more reliable. By types, the market has been segmented into central scanners, peripheral scanners, and others.

The regional segmentation of the global bone densitometers market into the continent-based regional markets namely The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA). The Americas segment is the largest regional market for bone densitometers because of technological advancement. North America as a market is bigger than South America due to the availability of more advanced technology. The American market for bone densitometers is expected to reach around US $ 650 mn by the end of the forecast period. In North America, the most powerful economy is the United States of America (USA). Dalios Denture and Hearing Clinic in Chatham and Starkey Hearing Technologies have donated $6,000 towards the Foundation of Chatham-Kent Health Alliance’s Diagnostic Imaging Equipment Renewal Campaign. The funds will be used to purchase diagnostic medical equipment for Chatham-Kent that includes a bone densitometer, and a just-installed SPECT-CT scanner.

Europe is the second largest market. It has a high density of population, but in terms of technological advancement, it lags behind North America. The most important country-specific market are France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Europe. According to the report, Asia Pacific region is expected to be a fastest growing region in the bone densitometers market during the forecast period. The significant country-specific markets in this region are China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region. In the Asia Pacific, there are few countries that are technologically advanced. In the MEA region, the market is limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, political instability, and healthcare not considered a priority by majority governments in this region.

Key Players

The key players in the global bone densitometers market include Aarna Systems And Wellness Pvt. Ltd. (India), DMS Imaging (France), Echolight SPA (Italy), General Electric Company (USA), Hologic, Inc. (the USA), MedWrench LLC (USA), Osteosys Co. Ltd (South Korea), Schick Sirona (USA), Swissray (USA), and Tecnicare Healthcare Company (USA).

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Cataract Surgery devices Market to Witness Widespread Expansion During 2020-2027

 The global cataract surgery devices market is expected to exhibit a strong 5.5% CAGR over the forecast period, according to the latest research report from Market Research Future (MRFR). The global cataract surgery devices market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the cataract surgery devices market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the cataract surgery devices market’s growth trajectory over the forecast period are provided in the report. The leading players in the global cataract surgery devices market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global cataract surgery devices market. The major drivers and restraints affecting the global cataract surgery devices market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

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Cataract surgery devices are used to correct cataracts. The growing prevalence of cataracts around the world is likely to be a major driver for the global cataract surgery devices market over the forecast period. Cataract surgeries are becoming increasingly common in developed as well as developing countries, as awareness about cataracts is increasing at a rapid rate. The increasing use of advanced technology in cataract surgery devices is also likely to be a major driver for the global cataract surgery devices market. Technological advancements in cataract surgery devices are mainly related to making cataract surgery devices more comfortable for patients, as the eyes are highly sensitive organs and react to even the slightest irritations. The increasing demand to enhance patient comfort during and after surgeries is likely to remain a major driver for the global cataract surgery devices market over the forecast period.

The growing geriatric population around the world is also likely to be a major driver for the global cataract surgery devices market over the forecast period. The elderly often face troubles regarding the eyes, as with age, the muscles and other parts around the eyes become weaker and may become prone to disease. The growing prevalence of diabetes is also likely to be a major driver for the global cataract surgery devices market over the forecast period, as diabetes often increases the risk of eye disorders such as cataracts.

Competitive Leaderboard:

Leading players in the global cataract surgery devices market include STAAR Surgical Company, NIDEK Co. Ltd., Bausch & Lomb Inc., Allergan Inc., Opcon Corporation, Essilor International SA, Carl Zeiss Meditech AG, Abbott Laboratories, and Alcon Inc.

Segmentation:

The global cataract surgery devices market is segmented on the basis of device type, end user, and region.

By device type, the global cataract surgery devices market is segmented into intraocular lens, ophthalmic viscoelastic devices, phacoemulsification equipment, and femtosecond laser equipment. The intraocular lens segment held 79% of the global cataract surgery devices market in 2015 and is likely to remain the leading segment over the forecast period due to the high efficacy of intraocular lenses in correcting cataracts.

By end user, the global cataract surgery devices market is segmented into ophthalmology centers, hospitals, clinics, and others. The ophthalmology centers and hospitals segments are likely to dominate the global cataract surgery devices market over the forecast period.

Regional Analysis:

North America accounts for a share of more than 45% in the global cataract surgery devices market and is likely to remain the major regional market for cataract surgery devices over the forecast period. The Asia Pacific market is expected to grow at the highest growth rate over the forecast period.

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Clinical Trial Management System Market to Witness Widespread Expansion During 2020-2027

 Clinical trial management system/CTMS market 2020 could potentially hit a valuation of USD 1,631.3 million by 2025, confirms Market Research Future (MRFR). MRFR also suggests that the market can accrue a CAGR of 12.0% from 2019 to 2025 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

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Key Boosters and Barriers

The clinical trial management system market is observing better growth than ever before, with the COVID-19 outbreak prompting panic worldwide and the pressing need to find a vaccine. The growing threat owing to the SARS-CoV-2 pandemic has left a huge impact on communities, lives, industries and businesses around the globe. The lockdown imposed since the novel coronavirus pandemic has negatively affected the present ecosystem of the clinical trial industry, impacting the existing trials for different therapeutic areas. However, researchers are striving to come up with advanced vaccines and therapeutics against the SARS-CoV-2 infection, which is supposed to work in favor of the clinical trial management system market.

The current pandemic situation and the rising chaos among people have necessitated the need to find a COVID-19 breakthrough, leading to a higher number of clinical trials. The strong government support is also boosting the market landscape. The World Health Organization/WHO recently launched “Solidarity”, a clinical trial for finding an effective treatment for the novel coronavirus. It involves comparison of close to four treatment procedures to analyze their effectiveness against the virus. Apart from this, the surge in biologics, rising preference for orphan drugs and personalized medicines, and the escalating demand for the latest technologies have also set off the market on an upward trajectory in recent years. Globalization of clinical trials, technological innovations and the mounting demand for CROs/ Contract Research Organizations for conducting clinical trials also help with the projected growth.

With the aim to remain relevant in the global market and boost product portfolio, renowned vendors are often adopting strategies like acquisitions and mergers coupled with new product launches. Further, digitization in biomedical researches has paved way for market growth, while the incorporation of advanced technologies like EDC/ electronic data capture has also been favorable. Technological advancements help market firms to manage the patient data efficiently and in shorter period, ultimately bringing down the monitoring costs.

To cite a reference, in August 2020, Castor, a clinical trial technology firms that automates research processes, partnered with Click Therapeutics, a well-known name in the digital therapeutics field, to offer solutions that help conduct completely remote clinical trials. Castor will be providing Click with solutions for electronic consent (eConsent), remote data capture (EDC and eCOA) as well as digital enrollment.

Segmental Insight

The clinical trial management system market can be considered for type, delivery model, component and end user.

The market for clinical trial management system, depending on type, can be narrowed down to enterprise CTMS as well as on-site CTMS.

The delivery model-based key segments in the market are licensed enterprise, cloud-based CTMS (SaaS) and web-based (hosted CTMS).

Component-dependent categories can be software, hardware and service.

Some of the key end users in the market are medical device manufacturers, contract research organizations, pharmaceutical and biopharmaceutical companies, and others.

Regional Analysis

Region-based segments, based on which the market has been studied in the report include Europe, the Americas, the Middle East and Africa/MEA and Asia Pacific/APAC.

The Americas is presently in the lead and growing vigorously as investments by prominent companies and government agencies in research and development of clinical trial management system has been increasing at a promising rate. Moreover, the rising adoption rate of cutting-edge technologies during clinical researches and the growing government support in the United States with regard to clinical trials also favor the market. To cite an instance, in March 2020, FDA had launched CTAP or Coronavirus Treatment Acceleration Program for potential therapies to accelerate the development rate of the treatment of COVID-19.

In 2018, Europe had been the second leading market for clinical trial management system, since the region is home to a thriving healthcare IT industry and the rising demand for affordable medications. Germany could emerge as the biggest gainer in the European market over the following years.

Asia Pacific is all set to record the fastest growth rate, as it houses a lucrative market for clinical trial management system on account of the expanding customer base and the surge in supportive government policies with regard to healthcare IT sector. Rising prevalence of a sedentary lifestyle and the presence of fast developing countries in the region like India, Japan and China also assist in the market growth. In recent times, there has been a spike in the number of biotechnology companies trying to set up base in the region for SARS-CoV-2 trials, in order to leverage the massive patient pool along with fast-track procedures.

Leading Firms

Leading firms in the global industry include eClinForce, Inc., DZS Software Solutions, Veeva Systems, PAREXEL, Bio-Optronics, Forte Research Systems Inc., Arisglobal, DSG, Mastercontrol, iWeb Technologies, ERT, Mednet Solutions, Bioclinical, IBM,  Oracle, Medidata Solutions, Datatrak, and more.

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