Friday, 26 February 2021

Chronic Kidney Disease Drugs Market Opportunity Analysis-2027

 

Global Chronic Kidney Disease Drugs Market, by Drug Type (ACE Inhibitors, B-blockers, Calcium Channel Blockers, Loop Diuretics, Erythropoiesis-stimulating Agents (ESAs), Phosphate Binders, and Others), by Route of Administration (Oral, Intravenous, and Subcutaneous), by Patient Type (Dialysis and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 12,328.2 million in 2020 and is expected to exhibit a CAGR of 4.0% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

The increasing prevalence of chronic kidney disease is expected to drive the market growth over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) estimations 2019, the chronic kidney disease is more common in people of age 65 years or above and around 125,000 people in the U.S. started treatment for end-stage kidney disease (ESKD) and over 726,000 (2 in every 1,000 people) in 2018 were on dialysis or were living with a kidney transplant.

Chronic kidney disease is the progressive loss of kidney function over a period of several years. As kidney failure advances to further stages, and the organ’s function is severely impaired, dangerous levels of waste and fluid can rapidly build up in the body. Early detection can help prevent the progression of kidney disease to kidney failure. Heart disease is the major cause of death for people with CKD. Treatment is aimed at stopping or slowing down the progression of the disease – this is usually done by controlling its underlying cause. ACE Inhibitors, B-blockers, Calcium Channel Blockers, and Erythropoiesis-stimulating Agents (ESAs) are some of the major drug class used in the treatment of chronic kidney disease or its underlying cause.

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Global Chronic Kidney Disease Drugs Market – Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has impacted the global economy and in turn, the chronic kidney disease drugs market. Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending until the end of the second quarter of 2020. Moreover, the COVID-19 pandemic has drastically affected clinical trials. Many trials have paused enrollment and researchers are facing multiple challenges associated with setting up remote visits, and performing laboratory, and other study assessments.

Browse 44 Market Data Tables and 39 Figures spread through 206 Pages and in-depth TOC on “Chronic Kidney Disease Drugs Market”- Global Forecast to 2027, by Drug Type (ACE Inhibitors, B-Blockers, Calcium Channel Blockers, Loop Diuretics, Erythropoiesis-Stimulating Agents (ESAs), Phosphate Binders, and Others), by Route of Administration (Oral, Intravenous, and Subcutaneous), by Patient Type (Dialysis and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),

Furthermore, product approvals and launches for the treatment of chronic kidney disease are expected to drive the market growth over the forecast period. For instance, in November 2018, Kissei Pharmaceutical Co., Ltd. launched P-TOL Granules (250 mg and 500 mg) tablets indicated for the treatment of hyperphosphatemia in patients with chronic kidney disease on dialysis. Moreover, in June 2019, Reata Pharmaceuticals, Inc. received the orphan drug designation from the U.S. Food and Drug Administration (FDA) for bardoxolone methyl (bardoxolone) indicated for the treatment of autosomal dominant polycystic kidney disease (ADPKD).

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Key Takeaways of the Global Chronic Kidney Disease Drugs Market:

The global chronic kidney disease drugs market is expected to exhibit a CAGR of 4.0% during the forecast period, owing to growing prevalence of chronic kidney disease and increasing approvals & launches of novel drugs for the treatment of chronic kidney disease. For instance, according to Lancet data, prevalence of chronic kidney disease in Western Europe was estimated at 41,976,625 patients in 2017.

Among drug type, erythropoiesis-stimulating agents (ESAs) segment is estimated to hold a dominant position in the global chronic kidney disease drugs market in 2020, owing to recent launches of novel products by key players. For instance, For instance, in May 2018, Pfizer Inc. received approval from the U.S. Food and Drug Administration (FDA) for Retacrit, a biosimilar to Epogen and Procrit (epoetin alfa) by Amgen Inc.

On the basis of route of administration, intravenous segment is estimated to hold a dominant position in the global chronic kidney disease drugs market in 2020 due to increasing regulatory approval for intravenous drugs, faster action, and robust pipeline of intravenous products. For instance, For instance, in February 2017, Amgen, Inc. received approval from the U.S. Food and Drug Administration (FDA) for Parsabiv (etelcalcetide), indicated for the treatment of secondary hyperparathyroidism (sHPT) in adult patients with chronic kidney disease (CKD) on hemodialysis

In terms of patient type, dialysis segment is estimated to account for major market share in 2020 due to rise in number of patients suffering from end-stage renal disease, growing number of dialysis procedures & treatment centers, and increasing research activities seeking treatment options for dialysis patients. For instance, According to 2018 annual report of the U.S Renal Data System (USRDS), around 750,000 patients per year in the U.S. are affected by kidney failure, which is also called end stage renal disease (ESRD). Moreover, according to the same source, around 2 million people worldwide suffer from ESRD every year.

Among distribution channel, hospital pharmacies segment dominated the global chronic kidney disease drugs market in 2020, owing to increasing number of patient admission in hospitals due to chronic kidney disease, and partnerships & agreements of hospitals with specialty pharmacies services providers. For instance, according to one of the articles published in WebMD LLC., in 2018, emergency department visits due to end-stage renal disease (ESRD) increased to an average of 3 per patient per year in the U.S.

Among regions, North America is estimated to hold largest market share in the global chronic kidney disease drugs market in 2020, owing to higher prevalence of chronic kidney disease and end-stage renal disease, and presence of higher number of patients with high blood pressure and diabetes in the region, which are leading causes of chronic kidney disease. For instance, according to CDC, high blood pressure and diabetes are leading causes of chronic kidney disease. Currently, approximately 1 in 3 adults with diabetes and 1 in 5 adults with high blood pressure might have chronic kidney disease in the U.S.

Key players operating in the global chronic kidney disease drugs market include Amgen, Inc., Teva Pharmaceutical Industries Ltd., Pfizer Inc., AstraZeneca Plc, Hoffmann La Roche Ltd., Sanofi S.A., Kissei Pharmaceutical Co. Ltd., AbbVie Inc., Reata Pharmaceuticals, Inc., GlaxoSmithKline Plc, and Ardelyx, Inc.

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Influenza Vaccines Market To Surpass US$ 6.0 Billion By 2025 - Coherent Market Insights

 

The Global Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) estimated to be valued at US$ 3,991.4 billion in 2017, and is projected to exhibit a CAGR of 4.4% over the forecast period (2018 – 2026).

Rising pipeline product to come up with new vaccine product as a part of key organic strategies by market players. For instance, 2017, Seqirus’s FLAUD, first and only adjuvant-based trivalent influenza vaccine, received MHRA approval against influenza virus in older aged people (adults aged 65 and above). In same year, Seqirus entered in the U.S market with its influenza vaccine portfolio, with over 50 million doses for protection against seasonal influenza of 2017-2018. The portfolio includes FLAUD, FLUCELVAX QUADRIVALENT, AFLURIA QUADRIVALENT, AFLURIA, and FLUVIRIN. Moreover, in 2017, FluGen, Inc., received US$ 14.4 million by Department of Defense for evaluating Universal Flu Vaccine, RedeeFlu, of Mismatched Strains. In Sep 2017, Novavax initiating phase1/2 clinical trials for nanoparticle seasonal influenza vaccine in older adults. In April 2018, BiodVax Pharmaceuticals LTD., started enrollment of patients for phase 2 clinical trials for universal flu vaccine candidate, M-001.

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Browse Market Data 32 Tables and 30 Figures spread through 150 Pages and in-depth TOC on "Influenza Vaccines Market, by Vaccine Type (Trivalent Vaccines and Quadrivalent Vaccines), by Virus Type (Influenza Virus A and Influenza Virus B), by Age Group (Pediatrics and Adults) and by Region - Global Forecast to 2026”

Increasing prevalence of seasonal influenza in pediatric population is propelling demands for development of new vaccines. Influenza is estimated to infect 5% and 10% of adults and 20 to 30% of children. Moreover, companies are engaged in producing vaccines through innovative technologies such as egg-based, cell-based, and recombinant-based product for reducing the gap between demand and supply. Furthermore, increasing awareness and initiatives to increase the vaccine coverage is helping in market growth. The 2017 – 2018 recommendations guidelines by the Advisory Committee on Immunization Practices (ACIP) mentions routine annual influenza vaccination for everyone aged older than 6 months. However, high cost of vaccine development is expected to hinder growth of the market over the forecast period.

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Key takeaways of the Influenza Vaccines Market:

The global influenza vaccines market is expected to expand at a CAGR of 4.4% during the forecast period (2018 – 2026), owing to increasing R&D activities of market players.

Trivalent vaccine is expected to dominate vaccine type segment, owing to more number of products

Influenza type A virus segment is expected to be predominant, owing to increasing prevalence of type A based infection

Pediatric being more susceptible to influenza virus is expected to lead age group segment

Some of the major players involved in global influenza vaccines market include Seqirus Vaccines Limited, GlaxoSmithKline plc

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Anatomic Pathology Market Size, Share, Outlook, and Opportunity Analysis, 2019– 2027

 

Anatomic Pathology Market Drivers

Increasing demand from anatomic pathology service providers as well as from research laboratories (anatomic pathology research) is expected to drive growth of the Anatomic Pathology Market over the forecast period.

Innovative product launches and increasing mergers & acquisition activities has fostered growth of the anatomic pathology market. For instance, in June 2018, PHC Holdings Corporation completed acquisition of Anatomical Pathology business of Thermo Fisher Scientific Inc., The acquired Anatomical Pathology business would operate as a new stand-alone company named Epredia and will serve as a leading global provider of comprehensive solutions in the anatomical pathology            .

Moreover increasing product launch is also anticipated to propel the growth of anatomical pathology market during the forecast period, F. Hoffmann LA Roche Ltd. launched VENTANA DP 200 Slide Scanner in April 2018, which provides high-speed scanning of histology slides for digital pathology.

Anatomic pathology involves direct visualization of human tissue as gross examination as well as under a microscope for proper diagnosis of the disease or a pathological condition. Subtypes of anatomic pathology include surgical pathology, oral and maxillofacial pathology, cytopathology, molecular pathology, and forensic pathology. Procedures performed in anatomic pathology include gross examination, histopathology, immunohistochemistry, in situ hybridization, cryopathology, tissue cytogenetics, and others. Standard approach in anatomical pathology is microscopic examination of tissue samples with the help of one or more stains. Manufacturers have developed stains to identify and classify microorganisms in biopsy of tissue samples or excisional specimens. Various gram stains and acid-fast stains have applications in detection of bacteria and mycobacteria in tissue samples.

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Commercially available products include tissue processing systems, microtomes, cryostats, and immunohistochemistry products along with accessories for these products such as cytology accessories, and microtome accessories. Microtomes are required to cut tissue block at room temperature with precision, control, and comfort and can be manually operated, semi-automated, and fully automated. Whereas, Cryostats are used to cut sections of frozen tissue blocks at subzero temperatures. Immunohistochemistry involves imaging of antigens in cells of a tissue section to decipher tissue distribution of an antigen of interest in diseases. Immunohistochemistry is widely used in diagnosis of cancers, and specifically expressed tumor antigens are identified. Commercially available anatomic pathology products include CryoStar NX70 Cryostat, ClearVue Coverslipper, and Shandon Cytoblock cell block preparation system, Excelsior AS Tissue Processor, ultraView SISH DNP Detection Kit, Peloris II, and Leica ASP300S.

However, integration of new technology such as Artificial Intelligence (AI) in pathology is expected to positively impact growth of the anatomic pathology market over the forecast period. For instance, Leica Biosystems announced to support a UK government project to find ways to integrate Artificial Intelligence in pathology applications in January 2018. Furthermore, Philips and NovoPath Inc. integrated NovoPath anatomic pathology software platform, and Philips IntelliSite Pathology Solution and Wholeslide Imaging System in January 2018. Leica Biosystems, and UCLA Department of Pathology and Laboratory Medicine announced a collaboration to accelerate adoption of digital pathology in 2016. These factors are expected to boost the growth of the anatomic pathology market over the forecast period. Cancer informatics and digital pathology workflow solution provider Inspirata, Inc. partnered to add latter’s Aperio Digital Pathology Scanners to formers end-to-end workflow solution portfolio in 2017.

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However, limited use of anatomic pathology solutions is expected to restrain growth of the anatomic pathology market over the forecast period.

Anatomic Pathology Market Insights

North America and Europe are expected to dominate the anatomic pathology market over the forecast period, owing to presence of various anatomic pathology research institutions (individual universities such as University of Ottawa, Canada) and diagnostic laboratories. Moreover, anatomic pathology service providers are present in both the regions who require these products frequently. Manufacturers such as ThermoFisher Scientific and Agilent Technologies, Inc. provide advanced products in the North America region, which fuel growth of the market. Asia Pacific region is expected to show significant growth over the forecast period, owing to increasing prevalence of chronic diseases with the need of biopsies such as cancer. For instance, according to World Health Organization reports published in 2018, around 4,285,033 new cancer cases were diagnosed in China.

Anatomic Pathology Market Competitive Landscape

Key players operating in the global anatomic pathology market include Thermo Fisher Scientific, F. Hoffman-La Roche AG, Agilent Technologies, Danaher Corporation, Quest Diagnostics, Inc., Biocartis NV, and Sakura FineTechnical Co., Ltd.

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Latex Medical Disposables Market Size Share Trends Forecast 2026

 

Regional Insights:

On the basis of region, the global Latex Medical Disposables Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global market, followed by Europe, owing to the increasing concern towards safety while performing medical procedures, as well as increasing measures to prevent contagious diseases. According to a fact sheet by the National Kidney Foundation in 2017, around 6.7% of the total Medicare budget is contributed towards the treatment of chronic kidney diseases. This suggests high demands for latex urine dialysis bags, as dialysis serves as a promising treatment for patients suffering from stage 2 and end stage kidney disease. Asia Pacific is expected to generate high revenue over the forecast period, owing to rapid developments in healthcare infrastructure and increasing number of surgeries in economies of this region such as China, India, Japan, Malaysia, and Singapore. According to the statistics by Lancet Commission of Global Surgery in 2016, with 14,833 surgical procedures per 100,000 people, highest rates of surgeries are performed in Japan. Several other factors responsible for market growth in these economies include rise in per capita income and flourishing healthcare, medical, and pharmaceutical sectors within these economies.

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Latex medical disposables are used as primary wearables for safety and precaution while performing medical procedures such as surgeries, check-ups, and diagnostic tests in the hospitals, clinics, and laboratory centers. The most widely used latex medical disposables are latex gloves, which are being used in massive quantities among the doctors, surgeons, dentists, and several other medical professionals across the world. The medical disposables are generally used to avoid contamination between the examiner and the patient. These disposables prevent transfer of infectious reagents from the healthcare personnel to the patient. Powdered latex gloves and powder-free latex gloves are two types of latex gloves. The powder-free latex gloves are high in demand due to its hassle-free properties and increased safety levels. The latex medical disposables also consists of various other products, which includes latex urine bags, catheters, and probes.

Market Dynamics

The annual rise in the number of surgeries performed globally increases the demand for latex nitrile disposable gloves, thereby driving growth of the global latex medical disposables market. According to the World Health Organization (WHO), over 232 million surgeries were performed across the world in 2013. All the simple as well as critical surgical procedures demands the use of safety gloves as a pre-requisite. Other factors driving growth of the global latex medical disposables market include rising prevalence of chronic kidney diseases that requires dialysis treatment as well as surgeries that make use of Foley catheters. According to a survey by the Department of Bioengineering and Therapeutic Sciences, University of California, San Francisco in 2013, over 650,000 patients in the U.S. were affected by end-stage renal disease (ESRD) that demand dialysis.

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Moreover, according to the National Kidney Foundation, over 2 million people across the globe are currently receiving treatments for kidney diseases in the form of dialysis or transplant. The increasing use of disposable latex urine bags by patients vulnerable to dialysis further boost growth of the global latex medical disposables market. However, sensitivity and allergy towards latex is the only factor that might hamper growth of the global latex medical disposables market. According to the American Latex Allergy Association, around 8%-17% of the health care professionals are allergic to latex.

Competitive Landscape:

The key players operating in the global latex medical disposables market include Supermax Corporation Berhad, Hartalega Holdings Bhd, C.R. Bard, B. Braun Melsungen, Dynarex Corporation, Top Glove Corporation, and Medtronic Plc. The market players are focused towards providing innovative products that are infection free to increase their customer base. For instance, in May 2018, Symphony Environmental Technologies Plc introduced the first disposable antimicrobial latex examination gloves made with d2p technology for complete hygiene and elimination of risks of antimicrobial infection from latex.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Anti-epileptic Drugs Market Size, Trends, Shares, Insights and Forecast – 2018-2026

 

Global Anti-Epileptic Drugs Market, by Generation (First Generation, Second Generation, and Third Generation), by Route of Administration (Oral and Intravenous), by Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$  7,155.6 million in 2019 and is estimated to exhibit a CAGR of 6.6%over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.

The number of available anti-epilepsy drugs has doubled over the past several decades as the benefits of anti-epilepsy medicines are higher than the possible side-effects from the medicine. Moreover, the U.S. FDA has approved 28 drugs for the treatment of epilepsy and many generic versions of anti-epileptic drugs have been launched by manufacturers.

The U.S. FDA has only approved anticonvulsant medications for seizure disorders in children. Moreover, the currently available newer anti-seizure drugs have simple pharmacokinetics and more limited effects on liver metabolism, thus driving growth of the anti-epileptic drugs market for pediatrics.

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The increasing improvements in efficacy of medications of treating epilepsy is expected to fuel growth of the anti-epileptic drugs market over the forecast period. For instance, newer drugs have exhibited better efficacy, owing to better pharmacokinetic profiles and fewer drug interactions than the classic first-generation drugs. For instance, the third-generation drugs developed by UCB’s Keppra (levetiracetam) and GlaxoSmithKline’s (GSK’s) Lamictal (lamotrigine) transitioned rapidly to the ‘Blockbuster’ status and have replaced the older gold standards in most of the markets as first-line treatments. According to the Epilepsy Foundation report of 2013, the newer third-generation AEDs have provided complete control over seizures to over half of the patients with epilepsy and reduced the number of seizures in another 20-30% of patients, thereby proving the success rate of the newer AEDs.

Browse 35 Market Data Tables and 30 Figures spread through 201 Pages and in-depth TOC on "Global Anti-epileptic Drugs Market, by Generation (First Generation, Second Generation, and Third Generation), by Route of Administration (Oral and Intravenous), by Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027"

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Key Takeaways of the Global Anti-epileptic Drugs Market:

The global anti-epileptic drug market expected to exhibit a CAGR of 6.6% over the forecast period (2019-2027), owing to emergence of novel efficacious anti-epileptic drugs

Among generation, third generation segment is expected to account for major revenue share by 2027, owing to rising demand for third generation anti-epileptic drugs, which is rapidly outpacing the first generation and second generation anti-epileptic drugs, mostly for the treatment of children and adolescents.

Major players operating in the global anti-epileptic drug market include Novartis  AG, GlaxoSmithKline Plc, Johnson & Johnson Service, Inc., Teva Pharmaceutical Industries Ltd., Pfizer, Inc., Sanofi S.A., Sumitomo Dainippon Pharma Co., Ltd., Mylan N.V., Bausch Health Companies Inc., and UCB S.A.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Thursday, 25 February 2021

Veterinary Equipment and Disposables Market Size, Trends, Shares, Insights and Forecast – 2018-2026

 

Regional Insights

On the basis of region, the global Veterinary Equipment and Disposables Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global veterinary equipment and disposables market and is expected to retain its dominance over the forecast period. This attributes to high incidence of chronic animal diseases such as cancer as well as rising investments in animal healthcare. For instance, according to the Animal Cancer Foundation, 2015, around 65 million dogs and 32 million cats live in the U.S. and around 6 million new cancer cases in dogs and cats are reported every year. The data also suggests that one-third of all tumors in dogs are skin tumors, while around 20% are mast cell tumors. Moreover, in 2017, the Blue Buffalo Foundation granted US$ 1 Mn to the Animal Cancer Foundation for the Canine Cancer Genome Project to map the tumor genomes and develop effective therapies.

Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to rising incidence of infectious animal and livestock diseases that are leading to rising demand for treatment options. According to the Global Animal Disease Intelligence Report 2015, 157 outbreaks of serotype O were reported in different cities of Republic of Korea, primarily in pig farms cattle and goats. Moreover, the players in the Asia Pacific region are targeting international markets to create a significant position in the global market. For instance, in February 2017, Samsung Electronics in collaboration with Henry Schein, Inc. introduced PT10V, point-of-care (PoC) blood analyzer for animal blood tests at the North American Veterinary Community (NAVC) Conference in Orlando, Florida.

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Veterinarians use a range of tools to perform dressing of the wounds, check-up of vets, collect bodily fluids, and perform various surgeries on the animals. Tools such as surgical clamps, microscopes, saws, pin drivers, suction machines, and catheters are frequently used in surgeries, however, vets also use equipment that are designed specifically for animals. These specialized equipment include electric and manual razors that are used to remove hair from furry animals to perform surgical procedures on them. Other specialized tools include snook hooks, curved hooks, hemostats, and tourniquets. The veterinarians use equipment that are similar to the ones used by physicians adapted to the needs of their animal patients. Modern veterinary equipment includes tools ranging from simple surgical instruments and disposables such as needles and blades to high technology equipment with imaging capabilities. Specialized veterinarians provides specialized services such as assistance for reproduction through insemination, which can be achieved through the ultrasound procedures, insemination equipment, and blood and fertility tests. The advanced equipment used by the veterinarians include cold laser treatment machines, photo-biotherapy machines, surgical lasers, and others.

Market Dynamics

Rising incidence of animal related disorders coupled with increasing investments in veterinary healthcare is expected to drive growth of the veterinary equipment and disposables market. Chronic conditions such as pet cancer, foot and mouth disease, and lumpy skin disease are among the most commonly encountered chronic animal and livestock diseases in the world. According to the Veterinary Cancer Society, 2016, cancer is the leading cause of death in around 47% of the dogs diagnosed with cancer over the age of 10 and 32% of the cats, where Feline Leukemia Virus (FeLV) was one of the leading cause of lymphoma in cats. According a report published by the Royal Veterinary College, University of London, around 3,884 dogs were treated with anal sac impaction procedures in London in 2013.

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Moreover, the rising investment in animal healthcare is leading to development of innovative technologies such as disposable veterinary infusion pumps for delivering various medical dosage of therapeutics to the pets. For instance, Body Guard 121 Twins introduced in 2011 for vet consists of two independent channels that extend the therapeutic range of option, as the device allows to set up fast high volume rapid infusions, mix two different infusion solutions for an animal or infuse to two different animals from one device. However, lack of accuracy in these devices such as software problems, alarm errors, and inadequate user interface design are expected to hinder the market growth.

Competitive Landscape

Key players operating in the global veterinary equipment and disposables market include Medtronic Plc, Smiths Medical, 3M Company, Digicare Biomedical Technology, Inc., Vetland Medical Sales and Services LLC, DRE Veterinary, Midmark Corporation, Mila International, Inc., Hallowell Engineering and Manufacturing Corporation, and others. Market players are focused towards adopting strategic collaborations to develop innovative products and cater to the demand of veterinarians to treat various diseases in animals. For instance, in February 2016, Analogic Corporation in collaboration with Oncura Partners Diagnostics LLC developed a cloud-based ultra-sound Telehealth service that applied real-time remote ultrasound imaging and services to the veterinary market.

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Botanical And Plant Derived Drugs Market To Surpass US$ 51.93 Billion By 2026 - Coherent Market Insights

 

Global Botanical and Plant Derived Drugs Market, by Source (Plant, Algae, Macroscopic fungi, and Others), by Dosage Form (Pills, Tablets, Capsules, and Injection), By Therapeutic Application (Central Nervous System, Cardiovascular Diseases, Infectious Diseases, and Respiratory Diseases), By Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) is estimated to be valued at US$ 30.1 billion in 2017 and is projected to exhibit a CAGR of 6.3% over the forecast period (2017 - 2025).

High risk of side-effects due to consumption of synthetic drugs such as allergic reaction and gastrointestinal upsets, drug recalls, and high cost of specialty drugs are propelling demand for botanical and plant derived drugs. Furthermore, legalization of medicinal cannabis in several countries have made the manufacturers to invest in the research and development to derive drugs for cannabis. For instance, one of the drug by GW Pharmaceuticals, Epidiolex drug consists of cannabidivarin (CBDV) is in developmental process, which will be used in clinical trials for treatment resistant epilepsy, supported by NSW and Queensland government in 2016. Moreover, Insys Therapeutics, an America-based company have Subsys drug in their product portfolio, which is prescribed for the treatment of advanced pain associated with cancer. The subsys is a synthetic version of cannabidiol (CBD) and has accounted for almost 100% of the company’s 2014 year-to-date revenue.

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Browse 35 Market Data Tables and 41 Figures spread through 179 Pages and in-depth TOC on "Botanical and Plant Derived Drugs Market, by Source (Plant, Algae, Macroscopic fungi, and Others), by Dosage Form (Pills, Tablets, Capsules, and Injection), by Therapeutic Application (Central Nervous System, Cardiovascular Diseases, Infectious Diseases, and Respiratory Diseases), by Region (North America, Europe, Latin America, Middle East, Asia Pacific, Africa) - Global Forecast to 2026"

Increasing applications of botanical and plant derived drugs are receiving regulatory approvals with respect to cancer patients - as a cure and as a supplement to current treatments, which provides a great opportunity for conducting clinical trials. For instance, in June 2017, Medlab Clinical received approval to begin human trials of two different cannabis based medicines – NanaBis and NanaBidial. NanaBis is packaged as a mouth spray and will be clinically tested in advanced stage for cancer patients with intractable pain. NanaBidial comprises cannabidiol derived from marijuana and is indicated for chemotherapy induced nausea and vomiting, with a secondary endpoint in patients suffering seizures

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Key takeaways of the Botanical and Plant Derived Drugs Market:

The global botanical and plant derived drugs market is expected to expand at a CAGR of 6.3% during the forecast period (2018 – 2026), owing to increasing adoption of herbal drugs over the synthetic drugs.

Among source type, plant segment is expected to hold a major market share over the forecast period, owing to increasing number of clinical trials for medicinal cannabis.

Furthermore, Asia Pacific is expected to show the most lucrative CAGR in the botanical and plant derived drugs market, owing to entry of local players and key players, which are engaged in development of herbal medicines.

Some of the major players operating in global botanical and plant derived drugs market include Bayer Healthcare, GlaxoSmithKline, Pfizer, Inc. Sanofi, Actelion Pharmaceuticals, Aimil Pharmaceuticals, Allergan, AstraZeneca, Boehringer Ingelheim, and GW Pharmaceuticals.

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Neuro-navigation Systems Market Size Share Trends Forecast 2026

 

Market Dynamics

Rising adoption of minimally invasive surgical procedures is expected to fuel growth of the Neuro-Navigation Systems Market. Moreover, increasing number of neurological surgeries performed worldwide is also expected to drive demand for neuro-navigation market. According to the AANS National Neurosurgical Procedural Statistics, in 2011, neurosurgeons performed 2,296,331 total procedures, 1,448,400 of which were spine surgeries in the U.S. Rise in number of people suffering with brain tumor and cancer leading to brain metastasis is expected to propel demand for neuro-navigation systems. According to American Brain Tumor Association, over 688,000 people in the U.S. lived with primary brain or central nervous system (CNS) tumor. The data also suggests that around 20-40% of other cancer later develops into brain metastasis. Various technical advancements in neuro-navigation system such as addition of features, higher success rate, and newer application of the device depending on its usage in various surgical procedures indicates shift of neurosurgeons on using these systems more frequently for performing neuro-surgical procedures. Moreover, ease of operation, improved quality of treatment, and improved surgical results is also expected to increase demand for neuro-navigation systems. Additionally, advantages such as reduced hospital stay and improved accuracy in neuro-surgeries are expected to be driving factors for growth of the global neuro-navigation systems market size. However, high costs associated with these systems and lack of skilled workforce to operate these systems are expected to restrain growth of the global market.

Neuro-navigation also known to as frameless stereotactic surgery refers to the technique that involves performance of real-time intraoperative guidance during spinal or brain injuries. Neuro-navigation increases safety and accuracy during neurosurgery. Neuro-navigation systems help to guide the surgeon to the surgical targets without the need for external frames. These systems are majorly used in brain surgeries that helps to limit the size of skull opening or craniotomy and remove brain lesions such as tumors or other tissue masses. Neuro-navigation systems are primarily used for tumor resection in frameless stereotactic procedure that relies on fiducial markers on the brain that are taped on the scalp before imaging. These systems are also utilized while performing brain biopsies in case of deep brain tumors, wherein the surgical tumor removal through open brain surgery is difficult and life threatening. The most important function of neuro-navigation system is to develop a precise replica of the patient’s brain tumor, which can be done through a number of imaging technology such as X-rays, CT scans, MRIs, and ultra sound. Images obtained from this techniques are then uploaded in the systems to form a 3 dimensional data set that produces exact geometrical structure of the region to be operated. The image is then analyzed to extract relevant information from the data and by using specialized software and the dataset is rendered as a virtual 3D model of the patient brain structure assisting tumor location, which helps the surgeon during the surgery and perform tumor removal.

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Key Developments in Neuro-Navigation Systems

In June 2015, Centre Hospitalier Sainte Anne initiated clinical trial study to investigate the therapeutic efficacy of neuronavigated repetitive Transcranial Magnetic Stimulation (TMS) of right angular gyrus in patients with depersonalization disorder. The study is estimated to complete in September 2019.

In April 2017, Medtronic Plc. launched StealthStation S8 neurosurgical intraoperative imaging and navigation system. The StealthStation S8 includes upgraded software interface, a 2-cart platform design and electromagnetic technology.

In July 2018, Xoran Technologies, a developer of compact, point-of-care CT scanners, and Fiagon AG Medical Technologies, a developer of electromagnetic surgical navigation systems, have collaborated to strengthen their position in Neuro and Spine markets.

In May 2018, Nexstim, provider of Navigated TMS, launched its Navigated Brain Therapy transcranial magnetic stimulation system in the U.S. The device is designed to treat major depressive disorder.

In May 2019, MagStim, a developer of transcranial magnetic stimulation (TMS) technology, launched StimGuide TMS navigation system. The device is designed to provide precise and consistent coil positioning during treatments in depressive disorder.

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Regional Insights

In terms of geography neuro-navigation systems market is segmented into North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North America is dominant in the neuro-navigation systems market, owing to increasing incidence of brain tumors as well as rising health awareness in the region. According to the American Cancer Society (ACS), brain and spinal cord tumors affects both adults and children in the U.S. The ACS suggests that approximately 23,880 malignant tumors for brain and spinal cord are expected to be diagnosed in the U.S. in 2018. On the other hand, Asia Pacific is expected to witness maximum traction in the neuro-navigation market, owing to market players launching their products in the Asian markets due to presence of huge potential user base. For instance, in October 2017, Pearl Technology introduced a CT HeadFix neuro-navigation system that offers a comfortable, integrated, fast, and hygienic positioning solution in Asia Pacific and European region post its approval from the U.S. FDA.

Competitive Landscape

The market for the neuro-navigation systems is highly competitive with presence of various established players, which includes Medtronic plc, Stryker Corporation, Siemens Healthineers, Zimmer Biomet Holding Inc., Brainlab AG, B. Braun Melsungen AG, Scopis GmBH, Amplitude Surgical, and others. Key players are focusing towards introducing novel systems in the market to sustain their position. For instance, in April 2017, Medtronic Plc introduced StealthStation S8 model, a neuro-navigation system that enhanced workflows, efficiency, and provides comprehensive data integration assisting the neurosurgeons during brain surgery.

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Doppler Ultrasound Market Size, Share, Outlook, and Opportunity Analysis, 2018– 2026

 

Doppler Ultrasound Market Drivers:-

Major drivers for growth of the Doppler ultrasound market are advancement in technology of Doppler ultrasound devices and rising awareness about improved gynecological care for pregnant women. In 2009, Mindray Medical International Limited launched DC-8 Mindray, a portable color Doppler echo machine. It provides a unique scanning experience, can be used for fetal biometry analysis, aids in ovarian mass examination, offers a crystal image quality, is user friendly interface, offers comprehensive analysis, has echo enriched beam forming, provides phase shift harmonic imaging, iBeam, iClear, 3D/4D imaging, and others. DC-8 Mindray’s is majorly used for application in OB-GYN (Obstetrician-gynecologist). In 2013, Mindray launched DC-N3 Pro, which has an inbuilt tutorial software, auto measurement of fetal parameters, multiple beam foundation, IVF Package, and Elastography to measure the stiffness and elasticity of soft tissue. Other factors expected to aid in growth of this market are rising prevalence of chronic diseases and life style diseases in geriatric population, advancements in technology in Doppler ultrasound devices making it more affordable and reliable, and increasing awareness about therapeutic and non-invasive treatments. Doppler ultrasound can also be used to detect breast cancers. According to a study conducted by National Cancer Institute in 2017, the U.S. has over 266,120 cases of breast cancer.

Dearth in trained and qualified technicians to use newly developed equipment and preference of male child in countries such as India has to development of stringent government regulation such as The Medical Termination of Pregnancy Act and Pre –Natal Diagnostic Techniques (Regulation and Prevention of Misuse) Act and these factors are expected to negatively affect growth of the market. Due to such laws, registration of laboratories, counselling centers, and clinics such as sonography centers, mobile sonography vans, and others is mandatory. Such laws can be a restraint for adoption of such medical equipment.

A Doppler ultrasound is a non-invasive test. It is used to estimate the flow of blood through blood vessels by using high frequency of sound waves i.e. ultrasound on the circulating blood cells. A Doppler ultrasound may help to diagnose various conditions such as blood clots, poor functioning of valves in leg veins, congenital heart disease, heart valve defects, blocked artery, decrease of blood circulation in legs, bulging arteries, narrowing of an artery for example carotid artery stenosis. Doppler ultrasound can estimate the rate of flow of blood by measuring the rate of change in the frequency of sound waves. It is a pain free test as it only involves high intensity sound waves. Doppler ultrasound is also commonly used in pregnancy, and is used to study the blood circulation in baby, uterus, and placenta. An alternative to non- invasive Doppler ultrasound test is a more invasive procedure such as angiography, in which dye is injected into the blood vessels so their images are clearly seen on X-ray. Doppler Ultrasound can be classified into two types i.e. trolley-based and hand-held based. Hand held based Doppler ultrasound is comparatively cheaper than trolley-based as it consumes less electricity.

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Key Developments in Doppler Ultrasound Market

In January 2016, SIMnext, LLC, a medical simulation research and development company, launched its first DR Doppler Dynamic Ultrasonography Training System (DR Doppler) in the U.S. Moreover, in January 2016, SIMnext, LLC partnered with Limbs & Things, Inc., company based in Bristol, United Kingdom, to distribute the DR Doppler globally.

In November 2016, Neural Analytics, a U.S.-based medical device company, launched its Lucid M1 Transcranial Doppler Ultrasound System. It is a portable brain monitoring system intended to measure cerebral blood flow velocities within the head and neck.

In October 2018, BMV Technology Co., Ltd. launched its BPU60 Hand-Carried Portable Color Doppler Ultrasound System. The novel systems features advanced imaging platform, high-performance image, processing chips to obtained more powerful data. Moreover, technologies such as imaging technology, speckle noise reduction technology, new image enhancement technology, and multi-beam parallel processing technology are in-built in the system for better imaging outcome.

In January 2019, Konica Minolta Healthcare, India, launched the AeroScan range of digital ultrasound systems in India. The AeroScan range includes entry level B&W ultrasound systems to high-end colour Dopplers such as portable colour Doppler CD10 and CD20, and both with 15” LCD displays. Moreover, for mid-range, company offers CD30 featuring high density probe and wide angle transvaginal probe, and 8” touch screen LCD display. CD 30 has inbuilt battery back up in a compact mobile system.

In February 2019, Kiran Medical Systems, a radiology division of Trivitron Healthcare, launched its Kiran SonoRad V9 Color Doppler in India. SonoRad V9 can be used in nursing homes, diagnostic centers and large & mid-size hospitals.

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Doppler Ultrasound Market Regional Analysis:-

Asia Pacific region is expected to exhibit significant growth in the global Doppler ultrasound market, due to increase of geriatric population and advancements in technology such as development of portable Doppler ultrasound. According to survey conducted by Ministry of statistics and program implementation in 2016 geriatric population is increasing at the rate of 8.6% out of which more than 50 million are suffering from heart disease. Mindray Medical International Limited is China’s largest medical equipment developer, manufacturer, and also does marketing of a variety of medical equipment both for human and veterinary use. They have a wide range of Doppler ultrasound products like Mindray M6 Ultrasound machine, Mindray Zonare Resona 7 Ultrasound Machine, Mindray DP-20 Portable ultrasound Machine, etc. North America is also expected to exhibit high growth rate in due to new product launches by key players in the region. For instance, in 2014, ZONARE Medical Systems—a U.S.-based company—introduced new feature in its Z3 product. Zonar continues their product Z3 with the introduction of a new advancement Z.ONE PRO. This covers all applications ranging from pediatrics to geriatrics, built on ZONE SONOGRAPHY Technology. Its applications are cardiac, breast, anesthesia, emergency medicine, OB-GYN (Obstetrician-gynecologist), and venous and vascular. According to a study conducted by OECD (The Organization of Economic Corporation and Development) in 2016, prevalence of chronic diseases in U.S. is rising due to changes in lifestyle by 7% and prevalence of dementia in geriatric population is also rising gradually in the country, which is expected to support the Doppler ultrasound market growth in North America.

Doppler Ultrasound Key Players:-

Key players operating in the global Doppler ultrasound market include Toshiba Corporation, Mindray medical international limited, General Electric Company, Hitachi Limited, Samsung electronics, FUJI FILM Holdings Corporation, Koninklijke Philips, Seimens, and Analogic Corporation.

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Wednesday, 24 February 2021

Alcohol Breathalyzer and Drug Testing Equipment Market Opportunity Analysis-2027

 

Global Alcohol Breathalyzer and Drug Testing Equipment Market: Drivers

Implementation of new laws that regulate road safety and drunk driving is expected to boost growth of the global Alcohol Breathalyzer and Drugs Testing Equipment Market over the forecast period. For instance, the government of Australia, implemented changes in Heavy Vehicle National Law (HVNL) Chain of Responsibility (CoR) Laws from mid-2018, which requires heavy vehicle industry to meet similar legal requirements to those common in Workplace Health & Safety in terms of heavy vehicles safety and compliance with road safety laws that include covering a full range of work practices and preventative measures such as ensuring worksite is free from the impacts of drugs and alcohol.

Alcohol and drug testing equipment are used in alcohol detection and drug detection. Some of the devices used for alcohol and drugs testing include, breathalyzer, intoxilyzer, alcosensor, and oral fluid testing device. These devices are used in various sectors such as hospitals, rehabilitation centers, federal departments, construction, transportation, and private sector.

Global Alcohol Breathalyzer and Drug Testing Equipment Market: Opportunities

Increasing development of portable alcohol breathalyzer devices is expected to offer lucrative growth opportunities for players in the global alcohol breathalyzer and drugs testing equipment market over the forecast period. For instance, in November 2019, researchers from University of Pittsburgh developed a portable and 3D printed marijuana breathalyzer.

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Global Alcohol Breathalyzer and Drug Testing Equipment Market: Restraints

However, less opportunities for new entrants in developed markets is expected to hinder growth of the global alcohol breathalyzer and drugs testing equipment market. The market in North America and Europe is highly mature, with major players such as Drägerwerk AG accounting for major market share. Such scenario restricts entry of new entrants, thereby hampering the market growth to a certain extent.

Key Takeaways:

The market in North America was valued at US$ 4,139.8 Mn in 2018 and is expected to reach US$ 7,307.1 Mn by 2027 at a CAGR of 6.3% during the forecast period.     

Increasing number of drunk and drive cases and drug addiction is expected to boost growth of the market in North America. For instance, according to 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration in 2018, alcohol impaired driving fatalities accounted for 29% of all road fatalities in the U.S.    The Alcohol Detection segment held dominant position in the global alcohol breathalyzer and drugs testing equipment market in 2018, accounting for 69.3% share in terms of value, followed by drug detection segment. The growth of the segment is attributed to increasing product launches during the forecast period The Federal Departments segment held dominant position in the global alcohol breathalyzer and drugs testing equipment market in 2018, accounting for 43.8% share in terms of value, followed by private sector, hospitals, and rehabilitation centers respectively. The growth of the segment is attributed to increasing drug abuse incidences and increasing number of drunk and drive cases and globally.

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Market Trends

Increasing consumption of alcohol is expected to boost growth of the global alcohol breathalyzer and drugs testing equipment market. For instance, according to The International Wine and Spirit Research (IWSR), the U.S. consumed 3.345 billion 9-liter cases of alcohol in 2018. Moreover, increasing expenditure on road safety is also expected to boost the market growth. For instance, in December 2019, Ministry of Justice, Consumer Affairs and Road Safety, Australia, announced the allocation of over US$ 300,000 across seven organizations through the 2019 ACT Road Safety Community Grants Program.

Regulations

An Australian/New Zealand Drug testing standard (AS/NZS 4308:2008) offers guidance on the most common classes of drugs to be tested in urine. The Australian Standard (AS 4308) was the world's first national standard for medicolegal drug testing. It is designed to ensure the standardization of procedures for specimen collection and the detection of drugs of abuse.

Global Alcohol Breathalyzer and Drugs Testing Equipment Market: Competitive Landscape

Major players operating in the global alcohol breathalyzer and drugs testing equipment market include, Drägerwerk AG & Co. KGaA, Lion Laboratories, Lifeloc Technologies, Intoximeters, Andatech Private Limited, BACtrack, Quest Products, Inc., Alere, and C4 Development Ltd.

Key Developments

In February 2018, Soberlink, the leader in mobile breath alcohol detection technology, announced its ongoing support of eight newly adopted principles for the treatment of alcohol addiction. In July 2019, Soberlink launched Soberlink Connect Device --- a alcohol monitoring technology device that can pair with Apple or Android phone or tablet.

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