Near Infrared Imaging Market Report by Opportunity, Demand, Major Driving Factors and Business Growth Strategies

 Near Infrared Imaging Market Growth & Trends

The global near infrared imaging market size is expected to reach USD 405.0 million by 2028, according to a new report by Grand View Research, Inc. expanding at a 9.3% CAGR during the forecast period. The growing use of near-infrared imaging due to advantages such as minimally invasiveness and high efficiency in diagnosing various conditions is anticipated to drive the near-infrared imaging market significantly during the forecast period.

Growing incidences of chronic disorders, especially among the geriatric population is fueling the near infrared imaging market. Alzheimer’s disease, dementia, arthritis, chronic kidney disease, and diabetes, are some of the commonly prevalent diseases that require near infrared imaging for better diagnosis and further decision making for effective treatment.

Expanding applications of the NIR technique in early diagnosis of various neurological conditions is expected to play a significant role in overall market growth. As per National Research University’s Higher School of Economics, neurological disorders are one of the leading causes of disability and death today. They were reported as the leading cause group of Disability Adjusted Life Years, which comprised 16.8% global deaths.

Frequent introduction of technologically advanced systems is expected to have a significant impact on market growth. NIR is preferred as a process monitoring tool, especially in the pharmaceutical industry. Expanding applications of NIR in commercial operations and research activities in biopharmaceutical companies, as well as academic institutes, are expected to fuel the demand for advanced NIR systems in upcoming years.

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Near Infrared Imaging Market Report Highlights

• By product, reagents segment dominated the market in 2018 owing to the development of novel reagents to identify various types of cancer
• The reagents segment is expected to grow considerably in the future owing to benefits offered by Indocyanine green (ICG), such as real-time angiographic images during brain tumor or vascular surgery
• Cancer surgeries segment is expected to grow considerably in the near future owing to the high prevalence of the disorder, especially in the emerging economies
• Hospitals & clinics segment dominated the market owing to the increase in the number of admissions of cancer patients in clinics and hospitals
• The players profiled in the near infrared imaging market are Shimadzu Corporation  KARL STORZ SE & Co. KG, Stryker, Leica Microsystems, Olympus, Carl Zeiss Meditec AG, Fluoptics, Quest Medical Imaging B.V., Mizuho Medical Co, Ltd.,  Hamamatsu Photonics K.KVisionsense, PerkinElmer, Inc., LI-COR, Inc., and SurgVision

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Near Infrared Imaging Market Segmentation

Grand View Research has segmented the global near infrared imaging market based on product, application, end-user, and region:

Near Infrared Imaging Product Outlook (Revenue, USD Million, 2016 - 2028)

• Devices
  • Near-infrared Fluorescence Imaging Systems
  • Near-infrared Fluorescence & Bioluminescence Imaging Systems 
• Reagents
  • Indocyanine Green (ICG)
  • Other Reagents

Near Infrared Imaging Application Outlook (Revenue, USD Million, 2016 - 2028)

• Preclinical Imaging
• Cancer Surgeries
• Gastrointestinal Surgeries
• Cardiovascular Surgeries
• Plastic/Reconstructive Surgeries
• Other Applications

Near Infrared Imaging End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
• Research Laboratories

Near Infrared Imaging Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Near Infrared Imaging Market

• Quest Medical Imaging B.V.
• Stryker
• KARL STORZ SE & Co. KG
• Olympus
• Hamamatsu Photonics K.K
• Mizuho Medical Co, Ltd.
• Shimadzu Corporation
• Leica Microsystems
• Medtronic (Visionsense)
• PerkinElmer, Inc.
• Carl Zeiss Meditec AGLI-COR, Inc.
• Fluoptics
• SurgVision
• PERKINELMER INC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Point-of-Care Glucose Testing Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Point-of-Care Glucose Testing Market Growth & Trends

The global point-of-care glucose testing market size is expected to reach USD 4.1 billion by 2028 growing at a CAGR of 3.9%, according to a new report by Grand View Research, Inc. An increase in the demand for point-of-care testing (POCT) has been witnessed in recent years. As compared to the conventional laboratory testing performed central lab settings, glucose POCT aids in performing effective diagnosis at the patient’s bedside. Easy and convenient operation of POCT has largely favored the growing usage of glucose meters across medical settings. 

The demand for performing bedside monitoring of blood sugar levels efficiently in a capillary blood sample and the need to ensure better management of carbohydrate metabolism has propelled the point-of-care glucose testing market players to launch innovative glucose meters in the market. Various companies are investing in the development of needle-less blood glucose monitoring devices to offer painless management of diabetes in patients.

For instance, GlucoTrack - a product manufactured by Integrity Applications (Israel) performs quantification using electromagnetic, ultrasonic, and thermal waves in combination. In addition, Eversense is another painless glucose monitoring subcutaneous implant offered by Senseonics. This implant is able to quantify glucose levels in interstitial fluid when placed beneath the skin. This is followed by data transmission to show the results in real time.

The latest no-code monitoring systems help in minimizing the errors that occur due to incorrect entry of strip codes. Whereas, others are incorporating noble metals such as silver, gold, and platinum which effectively reduces the electrical noise further improving accuracy.

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Point-of-Care Glucose Testing Market Report Highlights

• Accu-Chek Inform II accounted for the largest revenue share in 2018 and is anticipated to maintain this trend throughout the forecast period
• Bayer CONTOUR blood glucose monitoring system is set to grow with a CAGR of 5.5% from 2019-2025
• In terms of volume, the i-STAT ranked above all owing to its multipurpose utility in the diagnostics industry
• North America is the leading regional market due to the higher penetration of novel diagnostic techniques
• Asia Pacific has registered the fastest growth rate owing to numerous untapped growth opportunities in diagnostics and ever-increasing prevalence of diabetes
• A robust network of local manufacturers has significantly contributed to the revenue generated in this region Some of the key market participants are F. Hoffmann-La Roche Ltd., Abbott, LifeScan, Inc., and Nova Biomedical among others

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Point-of-Care Glucose Testing Market Segmentation

Grand View Research has segmented the global point-of-care glucose testing market on the basis of product and region:

Point-of-Care Glucose Testing Product Outlook (Revenue, USD Million, 2016 - 2028)

• Accu-Chek Inform II
• StatStrip
• Onetouch Verio Flex
• Freestyle Lite
• Accu Check Aviva Meter
• True Metrix
• Bayer CONTOUR Blood Glucose Monitoring System
• i-STAT

Point-of-Care Glucose Testing Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Point-of-Care Glucose Testing Market

• Hoffmann-La Roche Ltd.
• Abbott
• Nipro
• PlatInium Equity Advisors, LLC (Lifescan, Inc.)
• Nova Biomedical
• ACON Laboratories
• Trividia Health, Inc.
• Prodigy Diabetes Care, LLC
• Bayer AG/Ascensia Diabetes Care Holdings AG
• EKF Diagnostics

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Endotracheal Tube Market Size Is Expected To Reach USD 3.1 Billion by 2028

 Endotracheal Tube Market Growth & Trends

The global endotracheal tube market size is expected to reach USD 3.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. Endotracheal tubes are used to supply oxygen or other gases to the lungs. The rising prevalence of chronic diseases such as respiratory, cardiovascular diseases, and an increasing number of surgical procedures, are expected to propel market growth. In addition, technological development pertaining to endotracheal tubes is further expected to contribute to significant market activities during the forecast period. Recently, Medtronic has launched a Shiley laser oral endotracheal tubes that are most widely used for ventilation during CO₂ and Potassium Titanyl Phosphate (KTP) laser surgeries of the laryngeal or tracheal area.

Certain key factors contributing towards market revenue are the growing need for ventilator-associated with pneumonia and increasing geriatric population that are prone to chronic diseases. As per the World Health Organization (WHO) Report 2019, 4,000,000 people die prematurely due to non-treatment of chronic respiratory diseases. A prominent reason for increasing prevalence of respiratory diseases is air pollution. According to the WHO Report 2019, around 2 billion people globally are exposed to indoor toxic air, 1 billion people are exposed to outdoor pollutant air, and around 1 billion people are exposed to tobacco smoke. The above factors are likely to boost the prevalence of respiratory disorders, which in turn shall boost the demand for endotracheal tubes. With opportunities existing, manufacturers are investing in increasing awareness about the technologically advanced endotracheal tube. For instance, and developments in the field of nanobiotechnology and drug design are spaces that may exhibit higher activities for market growth.

The market witnessed a surge after the outbreak of COVID-19 as breathing difficulty is one of the primary symptoms of the infection, which can lead to collapsed lungs. According to American Association for Bronchology and Interventional Pulmonology, performing tracheostomy was recommended in Covid-19 patients with prolonged mechanical ventilation as it is can reduce the risk of infection, further contributing to market growth. However, a sudden upsurge led to certain mismanagement and chaos initially. By the end of 2020, the industry players had geared themselves up to meet all necessary demands, as well as offer smooth product distribution.

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Endotracheal Tube Market Report Highlights

• By product type, the regular endotracheal tube segment held the largest revenue share of 32.0% in 2020 owing to the increasing prevalence of respiratory diseases
• The orotracheal segment held the largest revenue share and accounted for 64.9% in 2020 owing to its high applicability, increased usage, and ease of use
• Based on the end-use segment, the clinics segment accounted for the largest revenue share in 2020 owing to the shorter waiting time at clinics, convenient access to care, and affordability
• North America accounted for the highest revenue share of 37.9% in 2020 owing to the advanced healthcare system and the growing prevalence of chronic diseases in the region
• Asia Pacific is expected to witness the fastest CAGR of 7.7% over the forecast period. Development in healthcare infrastructure is resulting in an increased number of surgeries being performed, eventually fueling market growth in the region

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Endotracheal Tube Market Segmentation

Grand View Research has segmented the global endotracheal tubes market based on product type, route type, application, end-use, and region:

Endotracheal Tube Product Type Outlook (Revenue, USD Million, 2018 - 2028)

• Regular
• Reinforced
• Preformed
• Double lumen

Endotracheal Tube Route Type Outlook (Revenue, USD Million, 2018 - 2028)

• Orotracheal
• Nasotracheal

Endotracheal Tube Application Outlook (Revenue, USD Million, 2018 - 2028)

• Emergency Treatment
• Therapy
• Others

Endotracheal Tube End-use Outlook (Revenue, USD Million, 2018 - 2028)

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Endotracheal Tube Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Switzerland
  • Russia
  • Sweden
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Malaysia
  • New Zealand
  • Singapore
  • Philippines
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Endotracheal Tube Market

• Teleflex Corporation
• Medtronic
• Medline Industries
• Venner Medical
• Sonoma Pharmaceutical
• Hospiteknik Healthcare
• Armstrong Medical
• Airway Innovations
• Smiths Group
• ConvaTec, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Laparoscopic Devices Market Poised to Garner Maximum Revenues During 2021 – 2028: Grand View Research Inc.

 Laparoscopic Devices Market Growth & Trends

The global laparoscopic devices market size is anticipated to reach USD 10.8 billion by 2028, expanding at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Increasing number of bariatric surgeries being performed and adoption of minimally invasive procedures are anticipated to boost the market growth.

According to the American Society for Metabolic and Bariatric Surgery (ASMBS), bariatric surgery is performed when a patient is suffering from obesity and they are not able to lose weight. Thus, growing cases of obesity are contributing to market growth. Increasing preference by surgeons for laparoscopic surgery owing to the benefits, such as small incisions, less healing time, and short hospital stay, is also driving the market.

Technological advancements are further expected to propel market growth. For instance, Medtronic’s LigaSure device is designed to deliver a specific combination of energy and pressure to create consistent seal within its applications. It provides unique combination of energy and pressure to create vessel fusion. Stryker laparoscopes had a combination of high-quality sapphires and rod lens technology used for superior transformation and excellent recognition to maximize image quality during surgical procedures.

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Laparoscopic Devices Market Report Highlights

• Energy systems led the market in 2018 due to the favorable reimbursement policies and new product launches, such as Olympus Corporation launched THUNDERBEAT, which is safe and versatile
• Bariatric surgery is projected to be the fastest-growing application segment owing to increasing cases of obesity. Moreover, these surgeries offer painless weight reduction and require shorter hospital stay
• North America was the dominant regional market in 2018 owing to higher adoption of minimally invasive surgeries and increased incidence of gallstones

Access Press Release@ https://www.grandviewresearch.com/press-release/global-laparoscopic-devices-market

Laparoscopic Devices Market Segmentation

Grand View Research has segmented the global laparoscopic devices market on the basis of product, application, end-use, and region:

Laparoscopic Devices Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Trocars
• Energy Systems
• Closure Devices
• Suction / Irrigation Devices
• Insufflation Devices
• Laparoscopes
• Hand Access Instruments
• Robot-assisted System

Laparoscopic Devices Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Gynecological Surgery
• Urological Surgery
• Others

Laparoscopic Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinic
• Ambulatory

Laparoscopic Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Norway
  • Sweden
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Qatar

List of Key Players of the Laparoscopic Devices Market

• Medtronic
• Stryker Corporation
• Karl Storz SE & CO. Kg
• Johnson and Johnson
• Olympus Corporation
• CONMED Corporation
• Braun Melsungen AG
• The Cooper Companies Inc.
• Richard Wolf GmbH
• Microline Surgical
• BD
• Welfare Medical Ltd.
• DEAM
• Intuitive Surgical
• Shenzen Mindray Bio Medical Electronics Co., Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

3D Printed Surgical Models Market Expected to Deliver Dynamic Progression By 2028

 3D Printed Surgical Models Market Growth & Trends

The global 3D printed surgical models market size is expected to reach USD 1.1 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.6% from 2021 to 2028. This growth can be attributed to the increasing prevalence of chronic disorders, the rising number of surgical procedures, and the growing need for customized healthcare products. Moreover, the growing use of 3D printing in the healthcare industry is also anticipated to positively impact the market.

The COVID-19 pandemic and the subsequent economic slowdown severely impacted the market. This can be attributed to delays in elective and/or non-emergency surgeries resulting in reduced demand for products and services Furthermore, the shutdown of market players’ vendors and customers coupled with reduced client investments also contributed towards a decline in market players’ revenue. Nonetheless, Materialise medical segment reported a nearly 3.7% increase in its Q1 2021 revenue when compared to the same period in 2020, thereby indicating market recovery from the impact of COVID-19 in the next few years.

According to a report by SME, in 2017, anatomical models accounted for nearly 47% of medical 3D printing in terms of application, making it the second most frequently used application field while surgical instruments and cutting guides accounted for nearly 39% of application scope. Thus, indicating a high demand for 3D printed surgical models in the medical industry.

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3D Printed Surgical Models Market Report Highlights

• The orthopedic surgery segment held a market share of more than 30% in 2020 owing to a high prevalence of orthopedic disorders such as arthritis coupled with a growing geriatric population across the globe
• The Fused Deposition Modeling (FDM) segment accounted for the largest market share of nearly 27.0% in 2020 due to high usage of FDM technology in the industry
• The plasticssegment accounted for the largest revenue share of 2020 and is anticipated to witness a CAGR of 15.7% over the forecast period due to high demand for advanced thermoplastic in the market
• North America dominated the market and accounted for the largest revenue share of over 34.0% in 2020 owing to the presence of favorable reimbursement policies and a high adoption rate for advanced medical technologies

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3D Printed Surgical Models Market Segmentation

Grand View Research has segmented the global 3D printed surgical models market on the basis of specialty, technology, material, and region:

3D Printed Surgical Models Specialty Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiac Surgery/Interventional Cardiology
  • Annuloplasty (mitral valve repair)
  • Repair Coronary Aneurysm
  • Replacement of Aortic Valve
  • Stent Insertion
  • Repair Congenital Heart Defects
• Gastroenterology Endoscopy of Esophageal
  • Endoscopy of Esophageal lesion
  • Splenectomy
• Neurosurgery
  • Repair Aneurysm
  • Transsphenoidal Excision of Pituitary Gland
  • Remove Brain Tumor
• Orthopedic Surgery
  • Repair Scoliosis
  • Repair Clavicle Fracture
  • Hip Repair
  • Repair Intervertebral Disc
  • Hip Replacement Revision
  • Repair Leg Fracture
  • Osteotomy
• Reconstructive Surgery
  • Facial Reconstruction
  • Hand Reconstruction
  • Breast Reconstruction
  • Mastoidectomy
  • Cleft Palate Correction
• Surgical oncology
  • Removal of Adrenal Tumor
  • Removal of Liver Tumor
  • Endoscopic Removal of Cardiac Lesion
  • Thoracic Removal of Lung Tumor
  • Removal of Renal Tumor
• Transplant Surgery
  • Cardiac Surgery/ Interventional Cardiology
  • Heart Transplant
  • Liver Transplant
  • Lung Transplant
  • Kidney Transplant

3D Printed Surgical Models Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Stereolithography (SLA)
• ColorJet Printing (CJP)
• MultiJet/PolyJet Printing
• Fused Deposition Modeling (FDM)
• Others

3D Printed Surgical Models Material Outlook (Revenue, USD Million, 2016 - 2028)

• Metal
• Polymer
• Plastic
• Others

3D Printed Surgical Models Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of 3D Printed Surgical Models Market

• Stratasys Ltd.
• 3D Systems, Inc.
• Lazarus 3D, LLC
• Osteo3D
• Axial3D
• Onkos Surgical
• Formlabs
• Materialise NV
• 3D LifePrints U.K. Ltd.
• WhiteClouds Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Diabetes Devices Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 Diabetes Devices Market Growth & Trends

The global diabetes devices market size is expected to reach USD 44.6 billion by 2028, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by factors such as increasing incidence of diabetes, technological advancements, and innovative product launches. Increasing adoption of advanced diabetes management solutions in developing region, government policies, and rising medical tourism are some of the major factors contributing to the market growth. Furthermore, rising government initiatives to spread awareness about diabetes and increasing R&D expenditure of major players are the factors expected to boost the market growth.

According to a study published on National Center for Biotechnology Information (NCBI), global health expenditure on diabetes is expected to reach USD 490 billion in 2030 from 376 billion in 2010. Obesity, sedentary lifestyle, and fast food culture are some of the factors expected to have significant impact on the market growth. According to Harvard T.H. Chan School of Public Health, U.S. has the highest rates of obesity and it is expected to increase up to 50% by 2030.

In addition, increasing number of new market players, who focus on patient convenience with the help of artificial intelligence technology, are also transforming the market. They are leveraging technological advancements to improve diabetes care solutions like CGM devices, non-invasive insulin delivery systems, and digital diabetes management platforms. For instance, in December 2017, Companion Medical Launched Inpen, its first smart insulin pen system in the U.S. It is the only FDA-approved device that can combine insulin injector pen with a smart app.

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Diabetes Devices Market Report Highlights

• North America accounted for the largest share in 2019, in terms of revenue, owing to favorable reimbursement policies, presence of key players, and frequent product launches
• By product, the insulin delivery devices segment accounted for the largest market share and is also expected to grow at the fastest rate
• In the Blood Glucose Monitoring (BGM) segment, self-monitoring devices dominated the market owing to their low cost and high usage
• In Self-monitoring of Blood Glucose (SMBG) devices, testing strips segment dominated the market while blood glucose meters are expected to grow at a significant pace owing to high adoption and technological advancements
• In the Continuous Glucose Monitoring (CGM) devices segment, transmitters accounted for the largest share owing to high cost of devices and high usage
• In insulin delivery devices, pens segment dominated the market since it is easy to carry, easy to use, and has low cost as compared to other delivery devices
• By distribution channel, hospital pharmacy segment dominated the market owing to rise in sales of diabetes devices in these pharmacies
• By end use, hospital segment accounted for the largest market share owing to improving healthcare infrastructure due to rising investment
• The leading players present in the diabetes devices market are Medtronic plc; Abbott Laboratories; F.Hoffmann-La-Ltd; Bayer AG; Lifescan, Inc.; B Braun Melsungen AG; Lifescan, Inc.; Dexcom Inc.; Insulet Corporation; Ypsomed Holdings; Companion Medical; Sanofi; Valeritas Holding Inc.; Novo Nordisk; Arkray, Inc.; among others.

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Diabetes Devices Market Segmentation

Grand View Research has segmented global diabetes devices market on the basis of type, distribution channel, end-use, and region:

Diabetes Devices Type Outlook (Revenue, USD Million, 2016 - 2028)

• BGM Devices
  • Self-Monitoring Devices
    • Blood Glucose Meters
    • Testing Strips
    • Lancets
  • Continuous Glucose Monitoring Devices
    • Sensors
    • Transmitters
    • Receiver
  • Insulin Delivery Devices
    • Pumps
    • Pens
    • Syringes
    • Jet Injectors

Diabetes Devices Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hospital pharmacies
• Retail Pharmacies
• Diabetes Clinics/Centers
• Online Pharmacies
• Others

Diabetes Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Homecare
• Diagnostic Centers

Diabetes Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Czech Republic
  • Poland
  • Switzerland
  • Turkey
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Vietnam
  • Philippines
  • Malaysia
  • Indonesia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Oman

List of Key Players of Diabetes Devices Market

• Medtronic plc
• Abbott Laboratories
• Hoffmann-La-Ltd.
• Bayer AG
• Lifescan, Inc.
• B Braun Melsungen AG
• Lifescan, Inc.
• Dexcom Inc.
• Insulet Corporation
• Ypsomed Holdings
• Companion Medical
• Sanofi
• Valeritas Holding Inc.
• Novo Nordisk
• Arkray, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Alopecia Market Size Is Expected To Reach USD 14.2 Billion by 2028

 Alopecia Market Growth & Trends

The global alopecia market size is expected to reach USD 14.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2021 to 2028. The strong presence of pipeline products and increasing approval for laser-based therapy to treat hair loss conditions are major factors anticipated to drive growth. Moreover, rising awareness among patients about alopecia and its treatments, increasing government initiatives, supportive regulations & laws, and improvements in healthcare infrastructure are factors expected to propel market growth over the forecast period.

Technological advancements in alopecia treatment are among the key drivers of this market. There are two FDA-approved therapeutics for alopecia-Rogaine and Propecia. There has been an increase in market penetration of generics after patent expiries of both drugs. However, the launch of several promising pipeline candidates over the forecast years such as Xeljanz (tofacitinib), Breezula (clascoterone), Jakafi (ruxolitinib), SM04554, and Lumigan (Bimatoprost) is expected to substantially drive the growth of the market in the near future.

The introduction of low-level laser therapy that helps stimulate hair growth is expected to increase the treatment rate among patients facing hair loss. In addition, the launch of laser caps, helmets, combs, and bands is also anticipated to boost the market growth. For instance, Capillus Laser Cap, iGrow Laser Helmet, iRestore Hair Growth System, and Hairmax Laser devices are some of the technologically advanced products available in the market.

Moreover, the increasing prevalence of diseases such as cancer, Polycystic Ovary Syndrome, and rheumatoid arthritis which are associated with hair loss is also expected to boost the treatment rate of hair loss in the near future. For instance, as per the U.S. Department of Health and Human Services, nearly 5 million women in the U.S. are affected by PCOS. Furthermore, according to the GBD database, the prevalence of PCOS in European countries, such as France, increased from 872,351 to 882,322 in 2018 & 2019, respectively, and in the U.K., the prevalence was found to be 1,134,082 to 1,142,498.

Market players are increasingly forming partnerships and licensing agreements to enhance their product capabilities and promote the outreach of their products. For instance, the iGrow laser system has a partnership with China Central Pharmaceuticals in China. China Central Pharmaceuticals holds exclusive distribution rights over Aspira in the country. Moreover, Capillus, LLC has collaborated with Svenson, a hair loss treatment clinic to expand the distribution of laser therapy caps in Europe and Asia Pacific region. The partnership with local players and service providers is expected to increase the adoption of innovative therapy for hair loss treatment.

Additionally, companies are actively participating in scientific conferences and conducting awareness campaigns for creating brand awareness. For instance, in February 2021, Hairmax welcomed Mary Brunetti as the brand ambassador to increase brand awareness about dealing with COVID-19-induced hair loss, as well as hereditary loss. Moreover, it plans to leverage the popularity of the brand ambassador to showcase its target market as to how its products can help regrow and revitalize their hair.

However, reimbursement remains one of the major challenges in this market. Since most of the treatment modalities are considered as not medically essential and are categorized as cosmetic procedures, the treatment for hair loss is generally not covered under insurance plans. Out-of-pocket expenses for alopecia treatment usually include prescription drug copays, frequent doctor visits, and co-insurance for procedures. Moreover, increasing adoption of substitutes, such as traditional medicines-Ayurvedic, Chinese, and herbal medications may hamper the growth of the market. Based on results from the GlaxoSmithKline plc sponsored survey, around 22.7% of the patients took Chinese medications for treating male androgenetic alopecia in South Korea followed by Taiwan with 22.0% patients.

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Alopecia Market Report Highlights

• In 2020, the alopecia areata segment accounted for the largest revenue share and is anticipated to maintain its dominance over the forecast period
• Key late-stage pipeline candidates in the treatment of hair loss include: Xeljanz (tofacitinib), Breezula (clascoterone), and SM04554 are expected to fuel the growth in the coming years
• Alopecia universalis is anticipated to witness the fastest growth during the forecast period owing to the potential pipeline products, such as BNZ-1 (Bioniz Therapeutics), and stem cell educator therapy with minoxidil (Tianhe Stem Cell Biotechnologies, Inc.)
• North America was the largest market in 2020 mainly due to a high disease prevalence, rising consumer awareness, proactive government measures, technological advancements, and improved healthcare infrastructure
• Europe held the second-largest market share in 2020 given the high prevalence of AGA i.e., 80% and 50% in both the men and women of the region, respectively

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Alopecia Market Segmentation

Grand View Research has segmented the global alopecia market on the basis of treatment, disease type, gender, sales channel, end-use, and region:

Alopecia Disease Type Outlook (Revenue, USD Million, 2017 - 2028)

• Alopecia Areata
  • Male
  • Female
• Cicatricial Alopecia
  • Male
  • Female
• Traction Alopecia
  • Male
  • Female
• Alopecia Totalis
  • Male
  • Female
• Alopecia Universalis
  • Male
  • Female
• Androgenetic Alopecia
  • Male
  • Female
• Others
  • Male
  • Female

Alopecia Treatment Outlook (Revenue, USD Million, 2017 - 2028)

• Pharmaceuticals
• Devices

Alopecia Gender Outlook (Revenue, USD Million, 2017 - 2028)

• Male
• Female

Alopecia Sales Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Prescription
• OTC

Alopecia End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Homecare Settings
• Dermatology Clinics

Alopecia Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
  • France
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Alopecia Market

• Johnson & Johnson Services, Inc.
• Merck & Co. Inc.
• Cipla Limited
• Sun Pharmaceuticals Industries Ltd.
• Reddy's Laboratories Ltd.
• GlaxoSmithKline plc.
• Aurobindo Pharmas
• Mylan N.V. (Viatris Inc.)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Preterm Birth And PROM Testing Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Preterm Birth And PROM Testing Market Growth & Trends

The global preterm birth and PROM testing market size is expected to reach USD 1.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.0% from 2021 to 2028. Key factors that can be attributed to market growth are rising number of preterm births in developed and emerging economies, improving access to advanced neonatal and maternal care facilities, and introduction of new POC diagnostic products over the forecast period.

Preterm births are not specific to a particular geography and have been recognized as a worldwide concern. The risk of preterm births typically escalates with increasing average age of pregnant women. With growing awareness about preterm births and its consequence, the tendency of pregnant women to enroll for Premature Rupture of Membranes (PROM) testing during their pregnancy is anticipated to increase, for reassurance and monitoring of symptoms of preterm birth.

Point-of-Care (POC) diagnostics have drastically altered the methodology of testing in various fields. With the help of advanced technology, devices are able to assess analytes in a given sample. Companies are focusing on R&D to increase specificity and sensitivity of devices, which lowers the error rate. Hence, emphasis is being given to reducing sample size required for other medical testing.

Many low-income states like Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh have low utilization of public healthcare services for female infants. Despite the availability of free healthcare services, only approximately 41% of admissions to the SNCUs are female infants. Hence, many states have banned gender revelation to the family before birth. India is the only large country where more female infants die than males. UNICEF plans to intervene by strengthening the health infrastructure, and reducing inequities of healthcare services, and improve healthcare outcomes.

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Preterm Birth And PROM Testing Market Report Highlights

• By test type, the ultrasound segment dominated the market in 2020, as it is one of the most preferred technologies for tracking fetal development and maternal health
• Techniques such as Placental Alpha-Microglobulin-1 (PAMG-1) are gaining prominence due to better reliability in predicting the risk of preterm births
• North America held the largest revenue share in 2020 owing to higher incidence of pregnancies in the above 35 years age group and well-developed infrastructure to manage high-risk pregnancies
• As per the American College of Obstetricians and Gynecologists (ACOG), in the U.S., nearly 12.0% of childbirths are preterm, which lead to higher hospitalization and treatment costs
• In Asia Pacific, the market is projected to witness the highest CAGR over the forecast period. This can be attributed to high population growth in countries such as India and China

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Preterm Birth And PROM Testing Market Segmentation

Grand View Research has segmented the global preterm birth and PROM testing market on the basis of test type and region:

Preterm Birth And PROM Testing Type Outlook (Revenue, USD Million, 2016 - 2028)

• Pelvic exam
• Ultrasound
• Biochemical Markers
  • Interleukin (IL)-6
  • C-Reactive Protein (CRP)
  • IL-1, IL-2, IL-8, TNF-a
  • Corticotropin-Releasing Hormone (CRH)
  • Alpha-fetoprotein (AFP)
• Uterine Monitoring
• Nitazine Test
• Ferning Test
• Pooling
• PAMG-1 Immunoassay
• IGFBP Test
• Fetal Fibronectin (fFN)
• Others

Preterm Birth And PROM Testing Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Spain
  • France
  • Italy
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Preterm Birth And PROM Testing Market

• Qiagen N.V.
• Hologic, Inc.
• Cooper Surgical Inc.
• Abbott
• Medixbiochemica
• Sera prognostics
• Clinical Innovations, LLC
• Biosynex
• NX Prenatal, Inc.
• IQ Products

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Veterinary Diagnostics Market Forecasted to Grow at Steady Pace During 2021-2028: Grand View Research Inc.

 Veterinary Diagnostics Market Growth & Trends

The global veterinary diagnostics market size is expected to reach USD 14.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.5% from 2021 to 2028. The growing incidence of zoonotic and foodborne diseases is expected to drive the market over the forecast period. Moreover increasing companion ownership in developing countries is another factor propelling the market.

On a global level, animal product consumption is witnessing a surge. This is supported by increasing human population, per capita income, and animal health awareness in the developing nations. Due to all these elements, the global demand for animal diagnostics has pushed up. The In-vitro (IVD) test kits and analyzers are rapidly filling the market. Apart from that, there is growth observed in the point of care treatments for animals as it provides convenience for the animals and their caretakers. Moreover, the shift towards advanced test techniques such as immune and molecular diagnostics, hematology, and nanotechnology which are quick and efficient in producing the results is further propelling market growth.

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Veterinary Diagnostics Market Report Highlights

• The consumables segment held the largest revenue share in 2020 owing to increased usage of consumables in point of care diagnostics
• Under the species segment, canine held the major revenue share in 2020 followed by feline and porcine. The growth can be attributed to increasing healthcare expenditure and growing companion ownership
• The pathology segment held the largest revenue share in 2020 owing to increasing demand for diagnostic consumables and instruments utilized during laboratory testing and the growing volume of pathology tests performed for production animals, avians, and pets
• The non-infectious diseases segment accounted for the largest revenue share in the diseases segment in 2020. But the number of hereditary, congenital, structural, and functional diseases in livestock and companion animals is increasing worldwide
• The point of care segment is expected to show the fastest growth over the coming years. This growth is due to rapidity, efficiency, and user convenience offered by point of care testing
• Asia Pacific is expected to emerge as the fastest-growing region in this market space. Moreover, the U.S. is observed to have the highest number of companies dealing in this space, which in turn, has contributed to the largest share of the market in North America in 2020
• The global meat production is also expected to rise tremendously due to an increase in the per capita income of people in emerging nations, the need for animal protein, and escalating human population
• The upcoming tools and techniques in veterinary diagnostics space are nucleic acid, non-PCR techniques, biosensors, fluorescence polarization technology, whole genome sequencing (WGS), biomarkers, nanotechnology, digitalization and big data use, wearables and apps such as Vet on Demand, Treat, Pet life, and Pet+Pixie

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Veterinary Diagnostics Market Segmentation

Grand View Research has segmented the global veterinary diagnostics market on the basis of product, species, testing category, disease type, end use, and region:

Veterinary Diagnostics Product Outlook (Revenue, USD Million, 2016 - 2028)

• Consumables, Reagents & Kits
• Instruments & Devices

Veterinary Diagnostics Species Outlook (Revenue, USD Million, 2016 - 2028)

• Cattle
• Canine
• Feline
• Caprine
• Equine
• Ovine
• Porcine
• Avian
• Others

Veterinary Diagnostics Testing Category Outlook (Revenue, USD Million, 2016 - 2028)

• Analytical Services
• Diagnostic Imaging
• Bacteriology
• Pathology
• Molecular Diagnostics
• Immunoassays
• Parasitology
• Serology
• Virology

Veterinary Diagnostics Disease Type Outlook (Revenue, USD Million, 2016 - 2028)

• Infectious Diseases
• Non-Infectious Diseases
• Hereditary, Congenital and Acquired Diseases
• General Ailments
• Structural and Functional Diseases

Veterinary Diagnostics End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Laboratories
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities

Veterinary Diagnostics Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Veterinary Diagnostics Market

• Zoetis
• Heska Corporation
• IDEXX Laboratories Inc.
• Agrolabo S.p.A
• IDvet
• Virbac
• Thermo Fisher Scientific Inc.
• Neogen Corporation
• Covetrus
• iM3Vet Pty Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.