Detail Study on AR & VR in Healthcare Market is Projected to Grow Magnificent CAGR till 2023

 

Market Highlights

The AR & VR in healthcare market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.

Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market. For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.

Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.

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However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.

Segmentation

The AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.

The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology. The AR technology segment is further classified as marker-based AR and markerless AR. The marker-based AR segment includes passive marker, and active marker. The markerless AR segment includes model-based tracking, and image processing-based tracking. The VR technology segment is further classified as nonimmersive technology, and semi-immersive and fully immersive technologies.

Based on offering, the market is segmented into hardware components and software. The hardware components segment is further classified as sensors, semiconductor component, displays and projectors, position tracker, cameras, and others. The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor. The semiconductor component segment includes controller/processor, and integrated circuits. The software segment is further classified as software development kits, and cloud-based services.

Based on device type, the market is segmented into AR device type, and VR device type. The AR device type segment is further classified as head-mounted display, and handheld device. The VR device type segment is further classified as head-mounted display, gesture-tracking device, and projectors and display walls. The gesture-tracking device segment includes data gloves, and others.

Based on application, the market is segmented into fitness management, patient care management, surgery, pharmacy management, medical training and education, and others.

Based on end user, the market is segmented into hospitals & clinics, surgical centres, pharmaceutical companies, research and academic institutes, and others.

Regional Analysis

The Americas dominated the global market for AR & VR in healthcare owing to the rising demand to reduce healthcare cost and presence of major market players.

In 2017, it was estimated that Europe stood second in the AR & VR in healthcare market. This can be attributed to the rising funding for innovation and increasing technological advancements. For instance, the European Union’s Horizon 2020 programme is allocating nearly USD 91.51 billion of funding over seven years for research and innovation.

Asia Pacific was projected to be the fastest growing region in 2017. Increasing healthcare expenditure and high prevalence of chronic diseases drives the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held least share in the AR & VR in healthcare market due to the low per capita income and stringent government policies, especially within the African region.

Key Players

Some of the key players in the AR & VR in healthcare market are Atheer, Augmedix, Daqri, Firsthand Technology, Google, Medical Realities, Microsoft, Mindmaze, Oculus VR, Psious, EchoPixel, Inc., Osso VR Inc., SURGICAL THEATER, LLC, Orca Health, Inc., Hologic Inc., 3D Systems, Inc., and others.

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EClinical Solutions Market | Worldwide Top key Players Profile Analysis | Forecast till 2023

Market Highlights

The Global eClinical Solutions Market is estimated to be valued at USD 9434.57 million by 2023 and is expected to register a CAGR of 12.24% during the forecast period.

The clinical data management system (CDMS) dominated the global eClinical solutions market, by type, and is projected to reach USD 2579 million by 2023 owing to the benefits offered by the product such as centralized end-to-end management of clinical trial activities, real-time status tracking, elimination of reliance on manual processes, and maintenance of multiple databases, which improve the overall efficiency of clinical trials. However, the electronic clinical outcome assessment (eCOA) segment is projected to be the fastest-growing segment during the forecast period.

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Americas dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 12.41% during the review period. The European market was the second-largest in 2017. The market is projected to reach USD 4568.70 million by the end of 2023, with the US being the leading market.   

Segment Analysis

The global eClinical solutions market has been segmented on the basis of type, delivery mode, clinical trial phase, and end user.

On the basis of type, the market has been divided into the clinical data management system (CDMS), randomization and trial supply management (RTSM), electronic clinical outcome assessment (eCOA), clinical trial management system (CTMS), electronic trial master files (eTMF), and trial safety & regulatory. The Clinical Data Management System (CDMS) segment held the majority market share in 2017. However, the Electronic Clinical Outcome Assessment (eCOA) segment is anticipated to be the fastest growing, followed by the Clinical Data Management System (CDMS) segment.

On the basis of Delivery Mode, the market has been divided into web-based, cloud-based, and enterprise-based.

Based on Clinical Trial Phase, the market has been segmented into Phase I, Phase II, Phase III, Phase IV. Phase IV segment holds the largest market share in the global eClinical solutions market.

The end user segment is divided into contract research organizations (CROs), pharma/biotech companies, and others. Contract Research Organizations (CROs) is dominating the market due to the rising clinical trials outsourcing to contract research organizations.

Market Players

Market Research Future (MRFR) recognizes PAREXEL International Corporation, ERT Clinical, CRF Health, Oracle Corporation, BioClinica, Inc., DATATRAK International, Inc., Merge Healthcare Inc, Medidata Solutions, Inc., Omnicomm Systems, Inc. and MaxisIT as the key players in the global eClinical solutions market.

Regional Analysis

Geographically, the global eClinical solutions market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Americas was the largest market for eClinical solutions in 2017 and is expected to remain dominant during the review period. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The growing clinical trials and the need for advanced treatments, along with a growing need for better healthcare infrastructure are the major driving factor for the growth of the eClinical solutions market in Europe.

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Autoinjectors Market - Factors Driving Growth Post 2023

 Market Highlights

The Global Autoinjectors Market is Estimated to be Valued at USD 79,741 Million by 2024 and is Expected to Register a CAGR of 17.42% During the Forecast Period.

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

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

Segment Analysis

The Global Autoinjectors Market has been segmented on the basis of product type, design therapeutic application, distribution channel, and region. On the basis of product type, the market has been divided into the disposable autoinjectors and reusable autoinjectors. The disposable autoinjectors segment held the majority market share in 2018. It also was the fastest-growing owing to the increasing demand for testing new drugs and chemicals and vigorous growth in the pharmaceutical and biopharmaceutical sectors.

Market Players

Market Research Future (MRFR) recognizes Amgen Inc. (US), Becton, Dickinson and Company (US), AbbVie Inc. (US), Mylan N.V. (US), Eli Lilly and Company (US), Ypsomed (Switzerland), Owen Mumford Ltd (UK), Consort Medical (UK), SHL Group (Taiwan), Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd (Israel), Antares Pharma (US) as the key players in the Global Autoinjectors Market.

Regional Analysis

Geographically, the global autoinjectors market has been segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. As per MRFR analysis, the Americas was the largest market for the autoinjectors in 2018 and is expected to remain dominant during the review period. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The well-established healthcare infrastructure, technology advancement, and innovation in drug delivery systems, and rising prevalence of anaphylaxis incidences, diabetes, and cancer are driving the growth of the autoinjectors market in the region. Germany accounted for the largest market share of 24.7% in 2018, and the country-level market is projected to register a CAGR of 15.84% during the forecast period.

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Global Laparoscopy Devices Market is Expected to Experience Immense Growth During 2020 – 2023

 Market Highlights

The Global Laparoscopy Devices Market Is Estimated To Be Valued At USD 17,206.32 Million By 2023 And Expected To Grow At A CAGR Of 8.30% During The Forecast Period.

Laparoscopy devices are used in surgical procedures that permit a surgeon to access the inside of the abdomen and pelvis without having to make large incisions in the skin. This laparoscopic surgical procedure is also known as keyhole surgery or minimally invasive surgery. Laparoscopy devices capture images in the stomach, small intestine, and pelvic system which are utilized for the diagnosis of various intestinal, gynecological, and urological diseases.

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The demand for laparoscopic surgical procedures is rising due to major benefits associated with these surgeries such as small or no incision, short hospital stays, less pain, quick recovery time, less scarring, and reduction in blood loss.   

Market Research Future (MRFR) recognizes the following companies as the key players in the global laparoscopy devices market that includes:  Becton, Dickinson and Company (US), Smith & Nephew PLC (UK), B. Braun Melsungen AG (Germany), Medtronic PLC (US), Cook Medical LLC (US), Fujifilm Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker Corporation (US), KARL STORZ SE & Co. KG (Germany), Richard Wolf GmbH (Germany), and others.

Segment analysis

Global laparoscopy devices market has been segmented on the basis of product, application, and end user. On the basis of product, the global laparoscopy devices market has been segmented into laparoscopes, energy devices, insufflation devices, suction/irrigation devices, handheld instruments, access devices, trocars, internal closure devices, and others. A laparoscope is a leading segment, which is growing at the highest CAGR to reach USD 5091.77 million by the end of 2023.

Based on application, the global laparoscopy devices market has been segmented into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others. The general surgery segment accounts for a major share with 7.79% CAGR during the forecast period. On the basis of end user, the global laparoscopy devices market has been segmented into ambulatory centers, hospitals and clinics, and specialty centers. The hospitals & clinics segment accounted for a considerable market share of 38.11% as of 2017.

Regional Analysis

Geographically, the global laparoscopy devices market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. As per MRFR analysis, The Americas acquired the largest share in the market owing to its high GDP per capita income and the rising geriatric population which is highly prone to degenerative diseases and chronic illnesses, causing an increased need for diagnosis and therapeutics. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. The European market is expected to register a second largest market share during the forecast period due to major driving factors such as rising patient population of cancer, increasing research on laparoscopy advancements, availability of advanced treatment facilities, increasing healthcare expenditure, and introduction of advanced and integrated monitoring devices into the market along with the presence of a good healthcare infrastructure. Asia-Pacific is the fastest growing market for laparoscopy devices. The Asia-Pacific laparoscopy devices market is expected to reach USD 4205.58 million by the end of 2023. It is attributed to the huge patient population and rapid development in technology. Also, the government of this region is looking forward to availing better treatment options from developed nations to improve the quality of life of their citizens. The laparoscopy devices market in the Middle East and Africa is divided into two regions, namely, the Middle East and Africa. Africa holds the least share of the market due to poor political conditions in Africa and the limited availability of funds and medical facilities.

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

 Market Highlights

The global endodontic devices market is expected to register an approximate CAGR of 5.34% during forecast period, 2018–2023.

Endodontics is a part of dentistry which deals with the study and treatment of the dental tissue. Endodontic treatment is also called root canal treatment which involves the diagnosis, prevention, and treatment of illnesses and injuries of the dental pulp. The development by the medical device companies in the dental care immensely improved the quality of dental treatment.

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

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

Segmentation

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

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

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

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

Regional Analysis

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

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

Key Players

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

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Rabies Diagnostics Market to Witness Widespread Expansion During 2020 to 2023

 

Market Highlights

Rabies is a life treating a viral disease which is caused by the biting of an infected rabid animal.  It is fever, headache, muscle aches, loss of appetite, nausea, and tiredness to the infected animal or human. The surge in the prevalence of rabies, increasing awareness about rabies, and a rising number of pet animals are expected to drive the growth of the global rabies diagnostics market during the forecast period. Moreover, ongoing research and development activities by non-profit organizations and aggressive strategies by top players such as mergers, expansion, and collaboration for the development of new products and new product launches by major players are also boosting the growth of the market. According to the report published by World Organization for Animal Health, Asia-Pacific region is hugely affected by rabies owing to the increasing cases of rabies, in Asia approximately 31000 deaths were caused by rabies which is 56% of the total cases. 

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The high costs associated with the diagnostic, absence of awareness about rabies and scarcity of skilled workforce may hamper the growth of the market during the assessment period.

Regional Analysis

The market is likely to dominate by Asia-Pacific during the forecast period owing to the improving healthcare infrastructure, increasing investments in the healthcare sector and expansions by market players in the region. Also, a country such as India and China are considering the fastest growing region due to a government focused toward adopting new technology, and the best treatment option from a developed country.

The Americas are expected to be the second-largest market in the global rabies diagnostics market due to the rising collaborative activities by major players, raising awareness about rabies, the involvement of non-profit organization to control rabies, and well-established healthcare infrastructure.

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

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

Segmentation

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

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

Based on market has been segmented into hospitals, diagnostic centers, cancer palliative care clinics, and others.

Key Players

Some of the key players in the global rabies diagnostics market are Bio-Rad Laboratories, Inc., Merck KGaA, Aviva Systems Biology Corporation, Creative Diagnostics, Demeditec Diagnostics GmbH, Abbexa Ltd., Norgen Biotek Corp., BioNote, Inc., Express Biotech International Inc., MyBioSource.com., and BioGen Technologies

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Global Fertility Services Market is Expected to Experience Immense Growth During 2020 – 2023

 Market Highlights

Global Fertility Services Market size is expected to register a CAGR of 8.99% during the forecast period, with a market value of USD 44,136.91 Million by 2025. Fertility services are procedures or treatments used to cure genetic and fertility issues and assist with conception. These services include assisted reproductive technology (ART) methods and drugs that help infertile couples in planning a family.

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Segment Analysis

The Global Fertility Services Market has been segmented by underlying cause and treatment.

Based on the underlying cause, the fertility services market has been segregated into female infertility and male infertility.

The Global Fertility Services Market, based on the treatment, has been segmented into ART and infertility drugs. The ART treatment has been further segmented into in-vitro fertilization (IVF), frozen embryo replacement (FER), artificial insemination, and others.

Regional Analysis

The Global Fertility Services Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Europe is expected to dominate the global fertility services market. This can be attributed to the lower fertility rate in the region and increasing IVF tourism in Spain. For instance, according to the European Society of Human Reproduction and Embryology (ESHRE), Spain is the preferred destination by foreigners for reproductive procedures, representing almost 40% of European fertility tourism, which is estimated to rise in the future. Moreover, easy reimbursement policies and increasing obesity cases are also expected to drive market growth.

The Americas market for fertility services is estimated to be the second-largest during the review period. The high number of ART procedures in the US is expected to boost the growth of the regional market. For instance, as per the data mentioned by the Centers for Disease Control and Prevention, in 2017, nearly 284,385 ART cycles were performed at 448 clinics in the US. Additionally, late pregnancies and the high adoption rate of IVF treatment are further fueling the market growth.

Asia-Pacific is estimated to be the fastest-growing market owing to the declining fertility rates in the region. According to the data suggested by the World Bank, the fertility rate in Japan decreased at a rate of 1.6 in 2016. Moreover, fertility disorders followed by favorable reimbursement scenario is also positively affecting the market growth.

The market in the Middle East & Africa is expected to witness steady growth due to the reduced ovarian reserve in women in the Middle Eastern countries.

Key Findings of the Study

• The Global Fertility Services Market is estimated to reach USD 44,136.91 Million by 2025 at a CAGR of 8.99% during the assessment period
• Europe accounted for the largest share of the global fertility services market due to the low fertility rate and increasing obesity rate
• Based on the underlying cause, the female infertility segment accounted for the largest market share of 5% in 2018
• Based on treatment type, the Assisted Reproductive Technology (ART) segment accounted for the largest market share of 21% in 2018

Key Players

MRFR recognizes the following companies as the Key Players in the Global Fertility Services Market— Merck KGaA (Germany), CooperSurgical, Inc. (US), Care Fertility (UK), Ferring B.V. (Switzerland), INVO Bioscience (US), Vitrolife (Sweden), Monash IVF Group (Australia), Cook (US), FUJIFILM Irvine Scientific (US), and Kitazato Corporation (Japan).

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