Cardiovascular Needle Market - Granular Market Report And Review, 2019

 Market Insights:

According to the International Diabetes Federation in 2016, it was estimated that 420 million adult population had diabetes, which is increasing at the rate of 8.4% and is expected to reach 625 million by 2040. Furthermore, increasing prevalence of population suffering from cardiovascular diseases, diabetes, and obesity driving the growth of the cardiovascular needles market globally.

The global cardiovascular needles market size is growing rapidly owing to its application in various fields such as open heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others.

According to the World Health Organization (WHO) in 2015, around 1.6 million deaths were directly caused by diabetes and in 2014, 8.5% of adults aged 18 years and older had diabetes. Thus, rising prevalence of chronic diseases is majorly driving the global cardiovascular market.

 

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According to the World Health Organization (WHO), in 2015, around 17.7 million people died from cardiovascular diseases, which represents 31% of all global deaths. Of these deaths, around 7.4 million were due to coronary heart disease and 6.7 million were due to stroke.

 

Various factors are adding fuel to the growth of the global cardiovascular needle market, such as unhealthy diet, low physical activities, etc. According to a research, smoking increases the possibility of diabetes; more than 60% of the global population smokes, this has increased the risk of diabetes and contributed to the growth of the market.

 

Moreover, advancing technology in the medical devices is adding fuel to the growth of the market. Furthermore, increasing government support in the developing countries drive the market growth.

 

However, increasing use of surgical staples instead of needles and suture can deter the demand for cardiovascular needles.

The global cardiovascular needle market is expected to grow at a CAGR of 7.2% during the forecast period 2017-2023.

Key Players

Some of the key the players in the market are Becton, Dickinson, and Company (US), B. Braun Melsungen AG (Germany), Sheffield Ltd. (UK), CP Medical, Inc. (the US), Ethicon Inc. (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Rumex International Corporation Ltd. (US), Scanlan International Inc. (US), Teleflex Incorporated (US), Medline Industries, Inc. (US), Surgins surgical Ltd. (UK), Surtex Instruments Ltd. (UK), Cardivon Surgical Inc. (China), Symmetry Surgical Inc. (US), Delacroix-Chevalier (France), Wexler Surgical (US), Quality Needles Pvt. Ltd. (India), FSSB surgical needles GmbH (Germany)

Segmentations

The global cardiovascular needle market is segmented on the basis of types, by application, by usage, and by the end user.

On the basis of the type, it is segmented into round bodied needles and cutting needles. Furthermore, round-bodied needles segmented into taper point needles and blunt point needles. Also, cutting needles segmented into conventional cutting needles and reverse cutting needles.  

On the basis of the application, it is segmented into open heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others.  

On the basis of the usage, it is segmented into single use and multiple uses.

On the basis of the end user, it is segmented into hospitals, clinics, ambulatory surgical centers, and others.

Regional Analysis

The Americas dominate the global cardiovascular needle market owing to the rising prevalence of diabetes, obesity, and cardiovascular diseases. Furthermore increasing government support for research & development have fuelled the growth of the market in this region. According to the American Heart Association, in 2017, cardiovascular disease listed as the underlying cause of death which is likely to account for nearly 801,000 deaths in the US by the end of this year. It further estimated that about 2,200 Americans die of cardiovascular disease each day.

Europe holds the second position in the global cardiovascular needle market owing to the presence of major players. Although companies within this region are also involved in export to the developing countries which leads the market of Europe.

The Asia Pacific is the fastest growing Cardiovascular Needle market owing to the high presence of a patient with cardiovascular disease. Furthermore, the government of this region is looking forward to better the quality of needles, which increases the demand for cardiovascular needle market in this region.

On the other hand, in the Middle East and Africa hold the least market due to low research and development activities and poor healthcare infrastructure.

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Enema Bags Market Dynamics, Forecast, Analysis And Supply Demand 2019

 Market Scenario:

Some health problems due to unhealthy eating, drinking in lifestyle may not be fatal but they can a hard time to the body they occur in. One such problem is constipation. A common remedy for constipation is an enema. Apart from constipation, enema provides relief from backaches, fatigue, and headaches. A cleansing enema stimulates the bowels to expel any impacted fecal matter quickly. A remedy helpful for many health problems always grows rapidly as a market. The factors driving the market growth include rising chronic diseases in an aging population with cancer and diabetes coupled with the increasing prevalence of gastrointestinal disorders and growing awareness about enema administration. Home care is advisable to be administered only after the advice of the clinician. Factors that can cause roadblocks to the growth of global enema bags market include the possibility of newer methods of enema treatment and environmental concerns raised from the bags that are made up of silicone, rubber, etc.

Enema is the process of injecting fluid into the bowel via the rectum. This method is used to get relief from various conditions such as constipation, fatigue, headaches, and backaches. It is a process that helps to push out the waste from the rectum. A cleansing enema stimulates the bowels to expel any impacted fecal matter quickly.

The Global Enema Bag Industry Industry is expected to gain prominence over the forecast period (2018–2023). It is estimated that the global enema bags market is expected to register a CAGR of ~ 10.2 % during the forecast period of 2018–2023.

Enema can be administered at hospitals as well as in home. This technique is also preferred before performing bowel procedures such as radiography and colonoscopy. The most common gastrointestinal condition affecting people nowadays is constipation with the ever-rising prevalence across the globe. Furthermore, the use of enema based products for bowel cleansing is growing extensively.

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However, certain disrupting factors that might restrain the growth of enema bags include the possibility of newer methods of enema treatment. Moreover, there might be environmental issues as the bags are made up of silicone, rubber, etc.

Segmentation

The global enema bags market is segmented on the basis of the material type, product type, application, capacity, and end-user.

On the basis of material type, the market is classified into silicone, rubber, and others.

On the basis of administration type, the market is segmented into cleansing enema, carminative enema, retention enema, return-flow enema, and others. Cleansing enema is further segmented into large volume enema, small volume enema, and prepackaged disposable enema. Retention enema is further segmented into oil enema, sedative enema, nutrient enema, anesthetic enema, medicinal enema, and others.

The global enema bags market on the basis of product type is segmented into closed or bottle enema, Higginson enema, bulb enema, bag or fountain travel enema, and others.

On the basis of indication, the market is segmented into constipation, diarrhea, obesity, cancer, and others.

On the basis of preparation, the market is divided into sodium phosphate enemas, coffee enemas, barium enemas, water-soluble contrast enemas, and others. Barium enemas are further segmented into single-column barium enema and double-contrast barium enema.

On the basis of application, the market is segmented as bowel clearing, contrast x-ray, medication administration, and others.

On the basis of capacity, the market is segmented into 100 to 250 ml, 250 to 400 ml, 400 to 600 ml, and others.

On the basis of end-user, the global enema bags market is segmented into hospitals, clinics, research centers, and others.

Geographically, the market has been segmented into America, Europe, Asia Pacific, and the Middle East and Africa. The American enema bags market is further segmented into North America and South America. North America is further classified as the U.S. and Canada.

The European enema bags market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, the U.K., Italy, Spain, and the rest of Western Europe. 

The Asia Pacific enema bags market is segmented into Japan, China, India, Republic of Korea, Australia, and the rest of Asia Pacific.

The Middle Eastern and African enema bags market is segmented into the Middle East and Africa.

Top Key Players             

The key players in global enema bags market are Baxter International, Inc. (the USA), B Braun Melsungen AG (Germany),  Cascade Healthcare Products, Inc. (the USA), Coloplast A/S (Denmark), Covidien Private Ltd. (Ireland), Farla Medical Ltd. (UK), Flexicare Medical Limited (UK), Hollister Incorporated (USA), MacoPharma (France), Medline Industries, Inc. (USA), Narang Medical Ltd. (India), Ocean Health Products Ltd. (Singapore), and Qingdao Sinoland International Trade Co., Ltd. (China).

Regional Market Summary

Globally, the American region is the largest market for enema bags owing to the high level of hygiene developed in hospitals and clinics, increasing use of enema-based products at home, and rising demand for enema kits by healthcare providers. As per a study conducted by the Canadian Journal of Gastroenterology, constipation is a common problem among the people in the North American region. Moreover, the study stated that 20% of the North American population suffers from constipation.

Asia Pacific and North America are expected to collectively dominate the enema bags market in terms of volume and value, respectively, due to the increase in awareness towards abdominal diseases and high demand from the pharmaceutical and healthcare industry. The U.S. has the largest market of enema bags in the North American region and countries such as India and China are the highest producers of enema bags in the Asia Pacific region. The factor influencing the growth is the increasing prevalence of chronic diseases such as obesity and diabetes. Currently, the major problem in China and India is diabetes. India had the world’s second-largest population of diabetic patients that was around 69.2 million in 2015 which is expected to increase to 123.5 million by 2040. The number of undiagnosed diabetes is higher in India which was around 36 million in 2015.

The European market is growing due to the increasing prevalence of diarrhea, obesity, and constipation. Increasing cases of enema administration procedures in hospitals are contributing to the progress of the market. The prevalence of diabetes is also found to be increasing in Europe. As per a study published by the World Health Organization, almost 60 million people in the European region have diabetes, and the prevalence tends to be high among people aging 30 years and above.

The Middle East and Africa also shows a steady rise in the market owing to the availability of enema-based products, lack of physical exercise, and increasing cases of constipation.

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Spinal Needles Market - Demand, Growth, Opportunities And Analysis Of Top Key Player Forecast To 2023

 Market Scenario

The spinal needles industry is expected to register 7.2% CAGR during the forecast period, 2019 to 2025. The market was valued at approximately USD 207.6 million in 2018.

Spinal needles are medical equipment that is generally used for diagnostic or therapeutic purposes. These needles are inserted into the spinal canal for the collection of cerebrospinal fluid (CSF) for diagnostic testing or drug administration for the treatment of diseases. The sample collected is mainly used for diagnosing diseases related to the central nervous system.

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Segmentation

The global spinal needles have been segmented based on type, application, end-user, and region. The global market, based on type, has been segmented into atraumatic needles, directional spinal needles, and pencil-point needles. The pencil-point needles segment is expected to be the largest segment, owing to the increasing adoption of the pencil-point needles.

The global market, based on application, has been bifurcated into therapeutic and diagnostic. The therapeutic segment is expected to be largest, in terms of value, due to the increasing prevalence and diagnosis of brain and spinal diseases.      

The global market, based on end-user, has been segmented into hospitals & clinics, diagnostic centers, research laboratories, and others. Hospitals and clinics are the largest end-users of spinal needles market. The hospitals & clinics segment is anticipated to hold a major share of the market during the forecast period due to the growing geriatric population and increasing prevalence of neurodegenerative disorders.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The spinal needles market in the Americas has further been divided into North America and Latin America. In North America, the market is bifurcated into the US and Canada. The European spinal needles market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, Italy, Spain, the UK, and the rest of Western Europe. The spinal needles market in Asia-Pacific has been segmented into Japan, China, India, South Korea, and Australia. The spinal needles market in the Middle East & Africa has been divided into the Middle East and Africa

Key Players

The key players operating in the global spinal needles market are Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic plc., EXELINT International, Co., Smiths Medical, Stryker Corporation, ARGON MEDICAL, Myco Medical, Cook Medical, and Novo Nordisk A/S. 

Regional Market Summary

The market in the Americas is projected to have a steady growth rate during the forecast period owing to the increasing number of patients with spinal diseases and government initiatives for healthcare reforms. Moreover, there is an increase in the use of these needles by healthcare physicians. According to the American Chiropractic Association, in 2017, one-half of all working Americans admit to having symptoms of back pain every year. Moreover, approximately 17,730 new spinal cord injuries occur each year. Thus, the increasing cases of spinal injuries would ultimately drive the demand for spinal needles in the region.

The market in Europe showed substantial growth during the forecast period. The market growth in this region can be attributed due to the rise in the number of spinal surgeries. According to the World Health Organization (WHO), spinal surgeries increased by 77% in the last five years. Moreover, the rising healthcare expenditure is expected to drive the growth of spinal needles market in this region.

The market in Asia-Pacific is expected to dominate the spinal needles market due to the increasing investment in the development of healthcare infrastructure. Moreover, there is an increase in the number of patients suffering from spinal disease, including spondylitis. Such factors are driving the growth of the spinal needles market in this region.

The market in the Middle East & Africa is expected to grow at a substantial rate due to the increase in the use of surgical treatment for spinal diseases in the region.

Latest Industry News

• Abacus Finance Group LLC has provided senior debt financing to support Zavation Medical Products LLC’s acquisition of Tampa, Florida-based Pan Medical US Corp, a maker of medical products used in minimally invasive procedures. 22 OCT 2018
• Two University of Virginia alumni have built a new spine-finding device that is giving the practice of identifying the correct insertion point for epidurals and other forms of spinal anesthesia, a much-needed upgrade. 14 JUNE 2018

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Current And Forthcoming Asia Pacific Medical Suction Device Market Size In Terms Of Volume And Value 2019

 Asia-Pacific Medical Suction Device Market - Highlights

MRFR is the Leading Brand in The Research Company who Recently Published Asia-Pacific Medical Suction Device Market Research Report. The Medical Suction Device is basically fitted into hospital for the many medical reasons. A Medical Suction machine is device used for the respiratory conditions. The Asia-Pacific market of Medical Suction Device s is expected to grow with a CAGR of 7% during the forecasted period 2017-2023.

The Respiratory conditions like generally results into secretion of mucous, serum that has to be removed for the body. The device is used to remove serum or mucous when the patient is not able to secrete it out from the body. Also, the suction machines are used for several other reasons for example, while operative procedures, delivery of baby.

The Asia-Pacific market of Medical Suction Device Market is growing because of the rising prevalence of diabetes which requires the insulin suction devices, whereas the increasing pollution in the countries are creating the demand for respiratory suction devices.

The medical suction device is basically fitted into hospital for the many medical reasons. A medical suction machine is device used for the respiratory conditions. The respiratory conditions like generally results into secretion of mucous, serum that has to be removed for the body. The device is used to remove serum or mucous when the patient is not able to secrete it out from the body. Also the suction machines are used for several other reasons for example, while operative procedures, delivery of baby. The suction machine utilizes a long catheter to vacuum out the blocking secretions. The secreted material is collected into a jar and then emptied after the process is done. The suction machine work on the power/electric supply or on the battery power. The power required for the machine is 110volts. Batteries of this volts are also available so that the patients can use the device when there is no power supply. The cleaning and replacement of the parts of the machine is very necessary as the machine is used for the patient. So as to maintain the cleanliness the suction machines are cleaned after every use. The cleaning of the machine parts are easy. The machine also has a bacterial filters that are also replaceable and can be replaced very month.

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The Asia-Pacific market of Medical Suction Device is growing because of the rising prevalence of diabetes which requires the insulin suction devices, whereas the increasing pollution in the countries are creating the demand for respiratory suction devices. The Asia-Pacific market of Medical Suction Device s is expected to grow with a CAGR of 7% during the forecasted period 2017-2023.

Asia-Pacific Medical Suction Device Market - Key Players

Some of the major players in this market are: De Vilbiss Healthcare, Fluke Biomedical, Yang Zhou Huike Electronic, Allied Healthcare Products. Inc, Olympus Corporation, Gemmy Industrial Corp., Ohio Medical, ATMOS Medizin Tchnik, INTEGRA biosciences, Medicop Inc. and others

Asia-Pacific Medical Suction Device Market - Study Objectives

• To provide detailed study of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Medical Suction Device market.
• To provide insights about factors affecting the market growth.
• To analyze the Medical Suction Device market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to two main geographies of Asia-Pacific, and countries in this region like, Japan, China, India, Republic of Korea, Rest of Asia and Pacific.

Asia-Pacific Medical Suction Device Market - Segments

Asia-Pacific Medical Suction Device market has been segmented on the basis of types which comprises of types, usage and suctions parts. On the basis of types there are two major types movable and electrical suction device. On the basis of the usage airway suctioning, gastrointestinal decompression, pleural suctioning, operative suctioning and others. On the basis of the suction parts vacuum pumps, bacterial filter, vacuum gauge, moisture or debris trap, suction catheter and others.

Asia-Pacific Medical Suction Device Market - Regional Analysis

Asia-Pacific region is divided into two major regions, Asia and Pacific. Further Asia is divided into the Countries like Japan, China, India, Republic of Korea, and Rest of Asia. The Asia-Pacific market for Medical Suction Device is estimated to grow at a rapid pace during the forecasted period 2017-2023. This is due to increasing number in the technology adoption for the medical devices and the homecare devices. The large number of the respiratory suction devices are in great demand. Countries like China and India have increasing number of chronic respiratory diseases. The increasing number of diabetes in India have a great demand for the insulin suction devices.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact: 
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Medical Suction Device Market 2019–By Identifying The Key Market Segments And Key Players Holding Market Share

 This report studies the Europe and Africa Medical Suction Device Market status and outlook of Market 2019. The report begins with the overview of Industry Chain structure, and describes industry environment, then analyses market size and...

Europe Medical Suction Device Market - Scenario:

Europe, the Middle East and Africa Medical Suction Device Market– Forecast to 2021 The report firstly introduced Europe, the Middle East and Africa Medical Suction Device Market including classification, application and industry chain overview; Then we deeply analyzed Europe, the Middle East and Africa growth forecast indicators by the as well as the regional market conditions that including the product price, profit, utilization, supply, demand and industry growth rate etc. In the end, the report introduced medical suction device market SWOT analysis, PEST analysis, market share analysis and competitive landscape, company profiles by analyzing the major players. It is a depth research study on Europe, the Middle East and Africa Medical Suction Device Market. We are thankful for the support and assistance from America’s medical suctions device. Industry chain related technical experts and marketing experts during Research Team survey and interviews. The report provides comprehensive view about the insomnia Market.

Segmentation

The reports includes following segments: 
Portability Type 
• Centralized 
• Stationary 
• Portable Application
• Airway Clearance
• Negative-pressure wound therapy (NPWT) 
• Surgical Suction 
• Research & Diagnostic Power Mode 
• Battery 
o DC 
o Dual 
• Manual

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1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF THE STUDY

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

3 REPORT EXCERPT

4 FORECAST INDICATORS

4.1 INTRODUCTION

4.2 GROWTH DRIVERS

4.3 GROWTH BARRIERS

4.4 GROWTH OPPORTUNITIES

4.5 MACROECNOMICAL INDICATORS

5 MARKET ANALYSIS

6 Europe, The Middle East And Africa Medical Suction Device Market, By Portability Type

6.1 Introduction

6.2 Centralised

6.3 Stationary

6.4 Portable

…TOC Continued! 

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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Recent Study Explores Cardiac Monitoring and Cardiac Rhythm Management Device Market Pipeline Review, 2019

 Market Research Future With Their Unique Quality Of Simplifying The Market Research Study, Announces A Deep Study Report On “Cardiac Monitoring and Cardiac Rhythm Management Device Market Research Report – Forecast To 2023” Gives Industry Size, Top Players And Worldwide Demand

The Global Cardiac Monitoring And Cardiac Rhythm Management Device Market is to escalate as incidences of cardiovascular disorders surge states Market Research Future (MRFR). The report published by MRFR on the cardiac monitoring and cardiac rhythm management device market mentions that the market can garner a CAGR of approximately 4% from 2018 to 2023.

Market Overview

The growing cases of arrhythmias is likely to increase the adoption of cardiac monitoring and cardiac rhythm management devices in several healthcare organizations.   The diagnostic centers, hospitals, and clinics are widely using the devices as they provide precise results. The growing significance of the devices in management of other cardiac problems like atrial flutter,   atrial fibrillation, and heart failure is also surging the devices popularity. The devices also aid in the early detection of heart attack, diagnose the lack of oxygen supply to heart muscle, and even, genetic errors. Hence, these can prompt the market growth.

Other factors like, changing lifestyle with high calorie consumption and lack of exercises, technical development backing medical advancements, wide spreading awareness of updated medical treatment and diagnostic solutions, and increase in the need for effective treatment can shoot up the cardiac monitoring and cardiac rhythm management device market growth curve over the review period. 

Also Read : https://www.globenewswire.com/news-release/2019/07/29/1892638/0/en/Cardiac-Monitoring-and-Cardiac-Rhythm-Management-Device-Market-Eyeing-Admirable-Growth-Due-to-Increasing-Prevalence-of-Cardiovascular-Diseases.html

On the flip side, the high expenses associated with the devices, people opting for drugs over these devices, and limited insurance coverage can hinder the global cardiac monitoring and cardiac rhythm management device market g owth.

Competitive Analysis

MRFR profiled some of the eminent key players operating in the global cardiac monitoring and cardiac rhythm management device market. They are; Abbott, Berlin Hearth, Abiomed, Boston Scientific Corporation, Brotionik SE and Co. KG, Cardiac Science Corporation, Hill Rom Services Inc, General Electric(GE), Medtronic plc, and Schiller.

Segmentation

The global cardiac monitoring and cardiac rhythm management device market study has been segmented on the basis of cardiac monitoring devices, cardiac device, cardiac rhythm management device, and end-user. 

Based on the cardiac monitoring devices, the market has been segmented into Implantable Loop Recorder, Holter Monitor, Electrocardiogram (ECG), Event Monitor, and Cardiac Output Monitoring Devices. The Electrocardiogram segment has been further classified into Wireless ECG, Telelectro-Cardiogram, and Lead ECG.

Based on the cardiac device, the market has been segmented into, Biventricular Pacemaker, Pacemaker, Implantable Cardiac Loop Recorder, and Implantable Cardioverter Defibrillator.

Based on the cardiac rhythm management device, the market has been segmented into Defibrillators, Cardiac Resynchronization Therapy Devices, and Pacemakers. The Defibrillators segment has been narrowed down to External Defibrillators and Implantable Defibrillators.

Based on the end-use, the market has been segmented into Ambulatory Surgical Centers, Hospitals, and others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

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Email: sales@marketresearchfuture.com

EClinical Solutions Market Segments, Opportunity, Growth And Forecast By End-Use Industry 2019

 Market Research Future With Their Unique Quality Of Simplifying The Market Research Study, Announces A Deep Study Report On “eClinical Solutions Market Research Report – Forecast To 2023” Gives Industry Size, Top Players And Worldwide Demand

According to Market Research Future (MRFR)’s assessment, the global eClinical solutions market is expected to touch a valuation of USD 9434.57 Mn by the end of the forecast period (2018 to 2023) striking a robust CAGR of 12.24%. The growth of the pharmaceutical industry is poised to support the expansion of the market over the next couple of years.

The increasing patient population, in conjunction with the rising burden of chronic diseases, has led to a drastic rise in research & development for drug discovery. This, in turn, is projected to propel the expansion of the eClinical solutions market in the years to come. In addition, investments being made into clinical trials are also projected to influence the growth pattern of the market positively in the nearby future.

The eClinical solutions market is anticipated to witness boom owing to its extensive use during clinical trials for decision making and enhancing efficiency. It also helps in reducing the costs of the trials which is expected to act as a growth catalyst for the market.

Also Read : http://www.globenewswire.com/news-release/2019/06/10/1866344/0/en/eClinical-Solutions-Market-is-set-to-Witness-a-CAGR-of-12-24-Is-Set-to-Reach-USD-9434-57-million-By-2023-End-Says-Market-Research-Future.html 

Key Players:

The prominent players of eClinical solutions market profiled in this report are ERT Clinical, BioClinica, Inc., PAREXEL International Corporation, CRF Health, DATATRAK International, Inc., Oracle Corporation, Merge Healthcare Inc, Omnicomm Systems, Inc., Medidata Solutions, Inc., and MaxisIT.

Market Segmentation:

This MRFR report covers an exhaustive segmental analysis of the global eClinical solutions market based on type, delivery mode, clinical trial phase, and end-user. By type, the market is segmented into 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. Among these, the Clinical Data Management System (CDMS) segment is projected to hold the dominant share of the market and reach a valuation of USD 2579 Mn by the end of the assessment period. On the other hand, the electronic clinical outcome assessment (eCOA) segment is anticipated to expand at a higher CAGR of 14.98% during the forecast period.

Based on delivery mode, the eclinical solutions market has been bifurcated into web-based and cloud-based, and enterprise-based.

The market, by clinical trial phase, has been segmented into phase I, phase II, and others.

On the basis of end-user, the market has been bifurcated into Contract Research Organizations (CROs), and pharma/biotech companies.

Americas to retain its forefront position in the global marketplace

The regional assessment of the global eClinical Solutions Market spans across Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas accounted for the largest share of the market in 2017 which accounted for 47.99% share. It is projected to strike a robust CAGR of 12.41 % over the assessment period. The U.S. is projected to lead the growth of the regional market in the upcoming years. On the other hand, Canada is poised to exhibit tremendous potential and expand at a relatively higher CAGR of 9.98% across the review period.

Asia Pacific signifies immense growth potential and is likely to exhibit a steep rise in the growth curve. The presence of a vast patient population, in conjunction with increasing outsourcing of clinical trials, is anticipated to catapult the eClinical solutions market in the region on an upward trajectory. In addition, the rising geriatric population is another major factor expected to propel the expansion of the regional market in the years to come. India is expected to dictate the growth of the eclinical solutions market in the region trailed by China and Japan.

Latest Industry Trends:

• OmniComm Systems, Inc., a renowned provider of clinical data management technology, hosted Innovation Forum Asia with patient-centric eClinical solutions, drug innovations, and the latest trends in pharmaceutical research as the primary agenda.
• ClinCapture, Inc., a leading eClinical software company, announced that its integrated Captivate Platform has resulted in a record number of new customers.
• An eClinical software as a service (SaaS) company, Medrio, has partnered with a provider of cloud-hosted services, Adaptive Clinical Systems, for expanding integration options between the Medrio platform and other eClinical systems.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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