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Market Segmentation

MRFR's report covers the segmentation on the basis of type, technology, application, end-use, and region. Types of Smart Medical Devices include off-body, on-body, and handheld. Various technologies are used in Smart Medical Devices including rotary pump, spring based, expanding battery, pressurized gas, collapsible reservoir, motor driven, and others. Smart Medical Devices have applications in oncology, auto-immune disorders, cardiovascular diseases, diabetes, infectious diseases, and others. End-users for Smart Medical Devices include clinic, hospital, home care setting, ambulatory services, and others.

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Market Insights

The Global Smart Medical Devices Market is dynamic and is expected to witness healthy growth according to a report by Market Research Future. Biotech companies have identified this demand and are working toward catering to it by increasing investments toward the development of more efficient methods of self-administration of drugs. Patient-centric biologics and the growing participation of patients in their treatments have significantly increased the demand for Smart Medical Devices. Market Research Future's report provides insights into the market and reveals various important market figures along with predictions for the market over the assessment period.

Smart Medical Devices Market Analysis also known as large volume injection devices, are a fairly innovative port of injectable drug delivery as it offers the ability to deliver a high volume of drugs, typically larger than 1 to 2 ml. This represents high potential for the development of treatment to pharmaceutical companies which are increasingly submitting drug approvals for biologics which is expected to be a significant driver of the Smart Medical Devices market. Although there are many areas of therapy where Smart Medical Devices can find applications, the use of Smart Medical Devices for the treatment of cancer is expected to be a driver of note in the global market due to the rapidly rising population.

Majority of large volume injectables are presently administered via IV which require close monitoring in a clinical setting, and the ongoing nature of such drug administration has led to a demand for Smart Medical Devices. Reducing the need to visit a hospital and or appointments, self-administration in the comfort of one's own home is a highly attractive concept to patients with chronic diseases and is an important factor driving the demand for Smart Medical Devices. Applications for Smart Medical Devices also lie in the treatment of autoimmune diseases, cardiovascular, and neurological diseases. The growing elderly population across the globe has also led to the recording of high numbers of chronic diseases.

Moreover, this demographic has a high demand for ease of treatment which works in favor of the Smart Medical Devices market. Technological advancements are ongoing and are expected to open up multiple avenues for opportunities in the coming years and offer superior safety to conventional injectors.

Key Players

Market players of note in the Global Smart Medical Devices Market Size include Unilife Corporation, Johnson & Johnson Services, Inc., Debiotech S.A., Enable Injections, Sensile Medical AG, Becton Dickinson and Company, F. Hoffmann-La Roche Ltd., Amgen Inc., West Pharmaceutical Services Inc., Insulet Corporation, CeQur SA, and SteadyMed Therapeutics, Inc.

Regional Analysis

North America is a significant region due to the high prevalence of lifestyle diseases caused by excessively sedentary lifestyles, and poor dietary habits. The region includes the U.S which is home to a number of market players leading the Smart Medical Devices market. The presence of a well-established healthcare sector with rising expenditures and government support for the development of advanced therapeutics for cancer, diabetes and other chronic diseases are expected to drive the regional market.

The Asia Pacific has a high diabetic population and a large patient population suffering from cardiovascular issues. Moreover, the presence of a truly significant patient population among which the geriatric demographic is considerable, thus making it a potentially lucrative market for the Smart Medical Devices market. Governments in the region are increasing their support of the healthcare sector, and rising investments are expected to be conducive to the adoption of Smart Medical Devices. Moreover, the increasing, rising disposable of the population combined with increased awareness about advancements in healthcare technology are expected to drive demand and as a result, market growth

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Market Highlights

The global dry AMD market is expected to register a CAGR of 8.62% during the forecast period and hit USD 6,113.33 millionby 2027.

Age-related Macular Degeneration (AMD) is classified as either dry macular degeneration or wet macular degeneration. Neovascular macular degeneration may proceed to wet (neovascular) AMD, marked by blood vessels growing under the retina and leaking. Dry-type occurs more frequently, although it tends to go more slowly over the years. In general, moist-type tends to produce a change in vision that happens rapidly, culminating in severe vision loss.

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The growth of the dry AMD market worldwide is attributed to the growing geriatric population and increasing prevalence of age-related macular degeneration, and the introduction of novel treatment methods for dry AMD coupled with an increasing number of clinical trials focused on dry AMD. Other factors like increasing healthcare expenditure are likely to help the market grow. However, the high number of failed clinical trials for dry AMD drugs might hamper the market growth to some extent.

Key Players:

MRFR recognizes the following companies as the key players in the global dry AMD market—Santen Pharmaceuticals Inc. (Japan), Allergan plc (Ireland), Bausch Health (Canada), Alimera Science Inc. (US), Phio Pharmaceuticals Corp (US), Ocumension Therapeutics Co. Ltd (China), Belite Bio Inc. (US), Kubota Vision Inc. (US), Iveric Bio (US), Eyestem Research Pvt Ltd (India), Yuyang DNU Co., Ltd (South Korea), and Stealth Biotherapeutics Inc. (US).

Segment Analysis

The global Dry Age Related Macular Degeneration And Market Share has been divided based on stages, age group, route of administration, diagnosis& treatment, and end user.

The market, based on stages, has been segregated into early age-related macular degeneration, intermediate age-related macular degeneration, and late age-related macular degeneration.

Based on age group,the dry AMDmarket has been divided intoabove 75 years, above 60 years, and above 40 years.

Based on diagnosis & treatment, the dry AMD market has been divided into treatment and diagnosis.Treatment type is further bifurcated into nutrition therapy and telescopic lens implant. Nutrition therapy is again divided into antioxidants and others. Antioxidants arealso segregated as vitamins, zinc, copper, omega-3 fatty acids, and others.

Diagnosis is bifurcated into fluorescein angiogram, preliminary test, optical coherence tomography, and others.

Based on route of administration, the market is bifurcated into oral, intravitreal, and others.

On the basis of end user, the market is bifurcated into hospitals and clinics, diagnostic centers, academic research institutes, and others

Regional Analysis

The global dry AMD market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America dominated the global dry age-related macular degeneration market owing to the rising number of patients suffering from the condition. The increasing number of diabetic patients adds to the number of patients suffering from ophthalmologic conditions. The number of patients with retinal diseases such as dry AMD, retinal vein occlusion, and diabetic eye disease is steadily increasing in the US, according to a retrospective study presented during The Association for Research in Vision and Ophthalmology 2020.Europe holds the second largest market share due to the increasing older population and rising patient population. Additionally, improving government initiatives, increasing healthcare frames, and the rising demand for technologically innovative treatmentsaredriving the growth of the dry age-related macular degeneration market in Europe.The Asia-Pacific is the fastest-growing market for age-related macular degeneration as it is developing at a very rapid pace and has shown the emergence of many players. Moreover, the rising prevalence of eye disorders, increasing healthcare spending, and multinational companies moving towards the developing nations and setting operational set-ups are likely to drive the growth of the market. The Rest of the World is expected to witness a restricted growth due to limited access and healthcare affordability among the population. This region is segmented into Middle East, Africa, and Latin America. In the Middle East, the growth of the market is driven by increasing healthcare infrastructure and healthcare expenditure.

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Market Highlights

According to MRFR analysis, the global bladder cancer detection kit market is expected to register a CAGR of ~11.17% from 2021 to 2027and hold a value of USD ~322.4 million by 2027.

The global bladder cancer detection kit market is driven by several factors, such asthe increasing prevalence of bladder cancer worldwide, surge in mortality rate due to bladder cancer, rising demand for non-invasive detection of urothelial cancer, and growing aging population. Moreover, the market players are developing products and raising funds for marketing its product all across the world. The industry players are focusing on the expansion of their distribution network and supply chain to dominate the global bladder cancer detection kit market.

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The key players are involved in new product launches, strategic agreements, funding, investments, and joint ventures to augment their market positions. For instance, in March 2021,OncoDiag (France) raised USD 3.0 million to commercialize its Urodiag PCR-based diagnostic test for recurrent bladder cancer in order to expand its international presencein Europe, the US, Canada, and Japan.Further, the HirotsuBioScience (Japan)claimed that the clinical trials of their new early detection kit found the test effective in 85% of cases using just a single drop of urine. In addition, the doctors in Japan begun using the system from January 2020, with each test costing approximately USD 90. Hence, the emergence of such products drives the market demand, fueling industry growth across the globe. The launch of bladder cancertreatment procedures will increase customer satisfaction and provide a wide variety of options for bladder cancer detection kits.

Key Players

Some of the key players in the global bladder cancer detection kit market are Abbott Laboratories (US), Xiamen Biotime Biotechnology (China), Exact Sciences (US), Hubei Jinjian Biology (China), Nanjing Liming Bio-products Co., Ltd. (China), Abingdon Health (UK), Ameritek, Inc. (US), Alfa Scientific Designs (US), NanoEnTek Inc. (South Korea), Diagnosis S.A. (Spain), and Xiamen Boson Biotech Co., Ltd. (China).

Segmentation

The global bladder cancer detection kit market size has been segmented into technology and end user. By technology, the market has been segregated into Fluorescence In Situ Hybridization (FISH) Blood Sample Test Kit, Enzyme-Linked Immunosorbent Assay (ELISA), and others. The FISHsegment is expected to hold a considerable share of the market in 2020. The high demand for urine-based molecular test products,such as Abbott’s UroVysion Bladder Cancer Kit approved by the FDA to aid bladder cancer surveillance and assist with the diagnosis,will augment the market growth in the assessed period.

Based on end user, the global bladder cancer detection kit market has been classified as hospitals& clinics, diagnostic centers, and others. The hospitals& clinicssegment held the largest marketshare in 2020, owing to alarge number of hospitals worldwide and the growing adoption of technologically advanced products for the early detection of bladder cancer.

Regional Analysis

North America is expected to dominate the bladder cancer detection kit market, owing to the high prevalence of bladder cancer, adoption of technologically advanced products for bladder cancer detection, and presence of major industry players across the region. In addition, increased investments in R&D of the products by the government and private organizations have surged the level of competition among the market players. The prominent players are also involved in collaborations, partnerships, and high investments in R&D activities which are contributing to the market growth.          

Europeis expected to account for the second-largest position in the bladder cancer detection kit market in 2021 due to the growing demand for the early detection and treatment of bladder cancer across the region. In addition, countries such as Germany, the UK, Sweden, France, and Switzerland have a large number of patients suffering from bladder cancer. These countries have a rising adoption of technologically advanced non-invasive detection kits. Hence, the aforementioned factors aid in driving the market growth in the region.

Asia-Pacific is anticipated to be the fastest-growing marketduring the forecast period dueto increasing investment in healthcare infrastructure, rising number of geriatric population, and growing awareness among the healthcare professionals about advanced bladder cancer detection kits. In addition, the availability of qualified physicians for consultation and treatment of bladder cancer is creating opportunities for industry players.

Furthermore, the growth of the market in the Rest of the World is attributed to the technological advancements in bladder cancer detection kits coupled with the expansion of distribution channels throughout the region.

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Market Highlights

According to MRFR analysis, the global chiral chromatography columns market is expected to register a CAGR of ~4.8% during the forecast period of 2021 to 2027.

Enantiomers can be easily extracted by using chiral chromatography. Mainly performed on Chiral Stationary Phases (CSP), chiral chromatography provides an advantage over traditional separation techniques as it can be employed to separate a variety of chiral compounds. Chiral chromatography column is extensively used in normal-phase liquid chromatography, reversed-phase chromatography, Supercritical Fluid Chromatography (SFC) and other types of chromatography. They are useful in understanding spatial orientation of enantiomers, analysing retention level of chiral compounds in chromatographic system and separating stereoisomers in drug purification process.

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The global chiral chromatography columns market is currently dominated by several market players. The key players are involved in geographic expansion, acquisition, and strategic collaborations to maintain their global footprint in the chiral chromatography columns market. For instance, in January 2019, Chiral Technologies, Inc. (US),a subsidiary of Daicel Corporation (Japan) acquired Arbor Biosciences (US). This acquisition diversified Chiral Technologies’ innovative and cost-effective solutions and services offering. Similarly, manufacturers and suppliers are extending their product and services offering to support the growth of chiral chromatography columns market. For instance, in February 2019, Showa Denko America, Inc.(US), a subsidiary of Showa Denko K. K. (Japan) launched new application laboratory in New York City, US. This laboratory tests samples from customers to suggest best columns to be used for chromatography and helps in executing long-term projects. Increasing number of strategic decisions by manufacturers and optimum service offering from supplier side is anticipated to increase the lucrativeness of chiral chromatography columns market.

Key Players

Some of the key players in the global chiral chromatography columns market are Agilent Technologies, Inc. (US), Thermo Fisher Scientific (US), Waters Corporation (US), Daicel Corporation (Japan), Bio-Rad Laboratories (US), W. R. Grace and Company (US), PerkinElmer Inc. (US), Shimadzu Corporation (Japan), Sartorius AG (Germany), Danaher Corporation (US), MACHEREY-NAGEL (Germany), KNAUER (Germany), Dishman Carbogen Acis (India) and others.

Segmentation

The global Chiral Chromatography Columns Market Size has been segmented based on material, product, and technology.

The market, based on material, has been divided into metal-based columns, glass-based columns and plastic-based columns. The metal-based columns segment is likely to hold maximum market share in the global chiral chromatography columns market owing to its larger utility and associated benefits such as durability.

The chiral chromatography columns market based on product has been segmented into prepacked columns and empty columns. The prepacked columns segment is likely to hold the largest share in the market due to its offered features such as shorter turnaround time and improved productivity. The prepacked columns segment is further bifurcated into analytical columns and preparative columns.

The technology segments of the chiral chromatography columns market are liquid chromatography, gas chromatography, supercritical fluid chromatography, thin layer chromatography and flash chromatography. The liquid chromatography segment is expected to hold the largest share in the market due to larger utility of chiral chromatography columns.

The chiral chromatography columns market based on end user has been segmented into pharmaceutical & biotechnology companies, academic institutes, food & beverage manufacturers, hospitals & diagnostic clinics, environmental testing laboratories, cosmeceutical companies and nutraceutical companies.

Regional Analysis

The market has been divided, by region, into the North America, Europe, Asia-Pacific, and Rest of the World.

North America is anticipated to hold the largest market share owing to availability of products from large number of manufacturers. Agilent Technologies, Inc. (US), Thermo Fisher Scientific (US), Waters Corporation (US) and Danaher Corporation (US) are some of the notable companies operating in the region. Moreover, mergers & acquisitions by companies operating in the region are anticipated to fuel the growth of chiral chromatography columns market. For instance, PerkinElmer, Inc. (US) added state-of-the-art chromatography columns to its LC consumables portfolio by acquiring ES Industries (US) in March, 2021. The chiral chromatography column market North America is divided into the US and Canada.

European chiral chromatography columns market has been categorized into Germany, France, the UK, Italy, Spain, and the rest of Europe. Europe is anticipated to hold the significant market share owing to investment activities related to chromatography in the region and support from government for R&D. For example, Dishman Carbogen Acis Ltd. (India) in August 2020 announced expansion project commissioning new facilities to be constructed in France and Switzerland. This project will incur approximately USD 110 million by 2024 to build new manufacturing units. Moreover, ongoing research studies utilizing chiral chromatography columns for drug purification process in different conditions such as cancer, COVID-19 and other disorders are expected to increase the demand for preparative columns. For instance, in April 2020, Boston Pharmaceuticals (US) completed phase I clinical trial to study safety and tolerability of BOS172767 Enantiomers in healthy subjects at Quotient Sciences (UK), a pharmaceutical contract development and manufacturing organization. Thus, huge investment by key players, growing utility in R&D and government support for research is anticipated to increase the lucrativeness of chiral chromatography columns marketing the region during the forecast period.

The chiral chromatography columns market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The growth of chiral chromatography column market in Asia-Pacific is anticipated during the forecast period owing to increasing number of contract research organizations, growing number of analytical laboratories and improving healthcare infrastructure. For example, Shimadzu Corporation (Japan) and Changi General Hospital (Singapore) jointly launched Shimadzu-CGH Clinomics Centre in January 2021 to conduct mass spectrometry-based clinical testing and research for personalized treatment. Moreover, the key players operating in this region are engaged in launching new and refined products. For instance, YMC Co., Ltd. (Japan) launched CHIRAL ART Cellulose SZ, a new chiral selector as an immobilized type. Thus, increasing product launch activities is expected to aid growth of the chiral chromatography columns market. The chiral chromatography columns market in Asia-Pacific is expected to be the fastest-growing. The chiral chromatography columns market in Rest of the World has been divided into the Middle East, Africa and Latin America.

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Market Overview

The global medical aesthetics market, during the forecast period 2020 to 2027, will register growth at a CAGR of 8.30%. The market for medical aesthetics is set to reach US$38,850.89 million by 2027. As per medical aesthetics market analysts, the global market is anticipated to witness growth owing to the factors such as the growing obese and geriatric population as well as increased demand for aesthetic procedures. However, the medical aesthetics market will face challenges and restraints due to health concerns and high cost of treatment during the forecast period 2020 to 2027.

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The growing demand for liposuction and hair transplantation procedures in the medical aesthetics market is set to play a key role in determining the growth potential during 2020 to 2027 years. Analysts have also studied the medical aesthetics market to understand potential threats and challenges the medical aesthetics market companies could face. Although the medical aesthetics market is poised to grow at a fast pace across end user, technology, and product segments, factors such as expensive treatment procedures could slow down the Medical Aesthetics Market Size growth worldwide.

Competitive Landscape

Medical aesthetics has seen increased demand over the years, due to the rising need to appear younger and visible positive effects of these treatments . Companies functioning in the global medical aesthetics market are also being challenged due to the lack of awareness and shortage of skilled professionals. Mergers and acquisitions by medical aesthetics market companies are anticipated to help the market during the forecast period 2020 to 2027. As the medical aesthetics market is set to register a high CAGR of 8.30% and is also anticipated to reach a US$38,850.89 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the medical aesthetics market will see a healthy growth in the long run till 2027. Based on SWOT analysis and medical aesthetics market’s analysis based on Porters’ Five Force Model presented in the medical aesthetics market report. Mergers and acquisitions by medical aesthetics market companies are anticipated to help the market during the forecast period 2020 to 2027.

Industry News

Allergan Aesthetics, a subsidiary of AbbVie, has announced that it has signed a warrant arrangement with Cypris Medical, a privately owned medical technology corporation headquartered in Chicago. Allergan Aesthetics will have the option to purchase Cypris Medical, including the company's Xact product, after the conclusion of a clinical trial set to begin in 2021. The proposed clinical trial would assess Xact's safety and efficacy in the treatment of midface decline and neck lifts.

Market Segmentation

The medical aesthetics market has been segmented into end user, technology, and product. Based on the segment which is the end user, the market is categorized on the basis of dermatology & cosmetic centers, hospitals & clinics, others. The global market for medical aesthetics is further segmented based on technology into invasive, minimally invasive, and non-invasive. Furthermore, the market, on the basis of product, is segmented into body contouring devices, cosmetic implants, facial aesthetic, hair removal devices, skin aesthetic devices, tattoo removal devices, others.

The global medical aesthetics market research report covers all the aspects of the medical aesthetics market based on the segmental analysis of these end users, technology, and product segments. Analysts have also studied the global medical aesthetics market's regional markets spread across many continents and countries. The end user, technology, and product segments along with their sub-segments have been analyzed and companies functioning in the medical aesthetics market across these segments are profiled and analyzed based on input and feedback from medical aesthetics market based decision makers as well as primary and secondary sources. The medical aesthetics market research report presents analysis based information for companies functioning in the medical aesthetics market.

Regional Overview

The growing concerns regarding side effects may hinder the medical aesthetics market growth. The market research report suggests that companies in the medical aesthetics market could be supported by the growing demand for beauty treatments as well as anti-aging-related cosmetic procedures during the forecast period. The medical aesthetics market is set to register growth at a high CAGR owing to these key factors. The medical aesthetics market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global medical aesthetics market research report reveals that APAC, North America, and Europe regional medical aesthetics markets will dominate the global market for medical aesthetics during the forecast period 2020 to 2027. As per medical aesthetics market analysts, the market is set to witness tremendous growth across invasive and dermatology & cosmetic centers segments across North America which covers medical aesthetics markets across the United States, Canada, Mexico and several other regional markets. Companies active in the medical aesthetics market are also analyzed and studied in the medical aesthetics market research report.

The medical aesthetics market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the medical aesthetics market research report covers the Asia-Pacific region covering medical aesthetics markets from India, China, Japan, Australia, and others. The medical aesthetics market is also spread across the rest of the world. The medical aesthetics market report covers all such regions including the Middle East, Africa, Brazil, and others.

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Market Highlights

According to MRFR analysis, Intrauterine Contraceptive Devices (IUCDs) Market is expected to register a CAGR of 10.5% during the forecast period of 2019 to 2025 and was valued at USD 1364.0 Million in 2018.

Contraceptive devices are used to prevent unwanted pregnancy by restricting the natural ovulation cycle or making changes in the egg fertilization process. Intrauterine contraceptive devices are placed inside the uterus to avoid unintended pregnancy. These devices contain a string which guarantees the precise placement of the device inside the uterus and provide aid in removal. lifespan of these devices varies as per the brands, and it can last up to 3,5 and 10 years. Plastic and metal are used in manufacturing of intrauterine contraceptive devices (IUCDs). It is available in several shapes, such as coil, loop, triangle, and T-shaped.

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The growth of global intrauterine contraceptive devices (IUCDs) market is determined by numerous factors such as an increase in unintended pregnancies, technological advancements in the healthcare industry, and increasing government initiatives to spread awareness about birth control. However, the side effects associated with use of intrauterine contraceptive devices (IUCDs) and Stringent regulatory guidelines and strict reimbursement is likely to hamper the growth of the global intrauterine contraceptive devices (IUCDs) market during the forecast period.

Several market players currently dominate the global intrauterine contraceptive devices (IUCDs) market. The key players are involved in product launches and strategic collaborations to strengthen their market positions.

Key Players

Some of the key players in the Global Intrauterine Contraceptive Devices (IUCDs) Market are Bayer AG, The Cooper Companies, Inc., Pfizer Inc., HLL Lifecare Limited, OCON Healthcare, SMB Corporation, Egemen International, EUROGINE, S.L., Meril Life Sciences Pvt. Ltd., Mona Lisa N.V., Prosan International B.V., Pregna International Limited, and Others.

Segmentation

The global Intrauterine Contraceptive Devices Market Size has been segmented based on type and end user.

The market, based on type, has been divided into a hormonal intrauterine device and copper intrauterine device. Copper intrauterine devices are likely to hold the maximum market share in the global intrauterine contraceptive devices (IUCDs) market.

The end user segment of the market consists of hospitals, gynecology clinics, community health care centers, and others. The hospitals segment is expected to hold the largest share of the market as these centers are the primary locations for patients receiving treatment and undergoing medical procedures.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Asia-Pacific is anticipated to hold the largest market share. The intrauterine contraceptive devices (IUCDs) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large patient pool, developing the healthcare sector, and raising awareness about intrauterine contraceptive devices the region.

The Americas is anticipated to be the fastest-growing market owing to the rising number of unintended pregnancies, well-established healthcare sector, and increasing healthcare expenditure. The intrauterine contraceptive devices (IUCDs) market in the Americas has further been branched into North America and Latin America, with the North American market being divided into the US and Canada.

The European intrauterine contraceptive devices (IUCDs) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The intrauterine contraceptive devices (IUCDs) market in the Middle East & Africa has been divided into the Middle East and Africa.

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Market Highlights

According to MRFR analysis, Biopharmaceuticals Market is expected to register a CAGR of 8.99% during the forecast period of 2019 to 2025 and was valued at USD 238,192.7 million in 2018.

Biopharmaceuticals are also known as biological, medical products, or biologics, are pharmaceutical drugs manufactured, extracted, or synthesized using biological sources, such as bacteria, yeast, and mammalian cells.

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The global biopharmaceuticals market is growing owing to various factors such as increasing investment by major companies on research & development of biopharmaceuticals and increasing acceptance for biopharmaceuticals due to their ability to treat the previously untreatable diseases. Furthermore, the number of geriatric populations is, tremendously, the incidence rate of chronic diseases is also high, and technological advancements are growing which are also expected to fuel the market growth. However, the entry of low-cost biosimilars, risk of side effects that can occur due to high usage of biopharmaceuticals, and stringent government regulations are expected to pose as restraints to the growth of the global biopharmaceuticals market.

Several market players currently dominate the global biopharmaceuticals market. The key players are involved in product launches and acquisitions to strengthen their market positions.

Segmentation

The global Biopharmaceuticals Market size has been segmented based on product type and application.

The global biopharmaceuticals market has been segmented, on the basis of product type, into monoclonal antibodies, recombinant growth factors, purified proteins, recombinant proteins, recombinant hormones, vaccines, synthetic immunomodulators, and others. The recombinant growth factors has been further bifurcated into erythropoietin and granulocyte colony-stimulating factor. The purified proteins segment has been further classified as leukemia inhibitory factor (LIF), P53 protein, P38 protein, and others. The recombinant proteins segment has been further divided into serum albumin, amyloid protein, defensin, transferrin, and others. Vaccines have also been segregated into recombinant vaccines, conventional vaccines, and others. The recombinant vaccines have been further sub-segmented into cancer vaccines, malaria vaccines, Ebola vaccines, hepatitis B vaccines, tetanus vaccines, diphtheria vaccines, cholera vaccines, and others. Conventional vaccines have been categorized as polio vaccines, pox vaccines, and others. Synthetic immunomodulators segment has been further divided into cytokines, interferons, interleukins, tumor necrosis factor (TNF), and others. Monoclonal antibodies segment is anticipated to hold the largest market share in the global biopharmaceutical market due to the increasing number of research activities that are supported by the usage of monoclonal antibodies. Vaccines are expected to grow at the fastest CAGR owing to the rising awareness of chronic diseases.

The market based on application has been segmented into oncology, inflammatory & infectious diseases, autoimmune disorders, metabolic disorders, hormonal disorders, disease prevention, cardiovascular diseases, neurological diseases, and others. The oncology segment is expected to hold the largest share of the market due to the high prevalence of cancer. In 2019, 606,880 cancer-related deaths occurred in the US. The neurological diseases segment is expected to grow at the fastest CAGR owing to the rising prevalence of neurological disorders such as Parkinson’s disease and epilepsy. Nearly 60,000 people in America are diagnosed with Parkinson’s disease every year.

Key Players

Some of the key players in the Global Biopharmaceuticals Market are Pfizer Inc. (US), Amgen Inc. (US), Eli Lilly and Company (US), F. Hoffmann-La Roche Ltd (Switzerland), Johnson & Johnson (US), Gilead Sciences, Inc. (US), AstraZeneca (UK), Abbvie Inc. (US), Sanofi (France), Bristol-Myers Squibb Company (US), Sandoz International GmbH (Germany), Novo Nordisk A/S (Denmark), GlaxoSmithKline PLC (UK), Merck KGaA (Germany), and Biocon (India).

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to be the largest market owing to the increasing prevalence of chronic diseases. The biopharmaceuticals market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European biopharmaceuticals market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The biopharmaceuticals market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing patient pool suffering from various chronic diseases and a supportive regulatory framework, the market in Asia-Pacific is expected to be the fastest-growing. The biopharmaceuticals market in the Middle East & Africa has been divided into the Middle East and Africa.

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Market Highlights

According to MRFR analysis, the Global Orthopedic Braces Market is expected to register a CAGR of ~6.1% during the forecast period of 2019 to 2025 and was valued at USD 4.6 billion in 2018.

Orthopedic braces are devices used to support and strengthen the muscles and joints of the knee, ankle, neck, elbow, back, wrist, hip, and fingers. These are used to rectify structural deformities as well as for controlling the movement of limbs and joints. These braces are designed to provide mechanical strength and support to reduce pain due to sprain, strain, and other musculoskeletal disorders.

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The growth of the global orthopedic braces market is driven by various factors such as rising geriatric population, rising incidence cases of sports-related injuries among athletes, easy availability of orthopedic braces, growing public awareness related to preventive care, and increasing prevalence of osteoarthritis. However, high patient preference for alternative treatment is expected to curb the growth of the global orthopedic braces market.

The global orthopedic braces market is currently dominated by several market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions.

Key Players

Some of the key players in the global Orthopedic Braces Market Size are BSN medical (Germany), Bauerfeind (Germany), Breg, Inc. (US), Ottobock (Germany), DJO LLC (US), Weber Orthopedic Inc. (US), Frank Stubbs Company Inc. (USA), DeRoyal Industries, Inc. (US), THUASNE SA (France), and Aspen Medical Products (US).

Segmentation

The global orthopedic braces market has been segmented based on product, type, application, and end user.

The market, based on product, has been divided into knee braces, foot and ankle braces, upper extremity braces, and others. The knee braces segment is likely to be the fastest during the review period as knee braces provide medial and lateral support, reduces rotation of the knee, limited injury during motion, and protection from the post-surgical risk of injury.

The global orthopedic braces market has been segmented, on the basis of type, into soft and elastic braces, hinged braces, and hard braces. The soft and elastic braces segment is expected to be the fastest market as they are easy to use, flexible as well as highly customizable as compared to other surgical alternatives.

The global orthopedic braces market has been segmented, on the basis of application into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis, and others. Ligament injury is expected to hold the largest market share due to the increasing number of ligament injuries, as well as an increasing number of accidents globally. Additionally, around 150,000 anterior cruciate ligaments (ACL) injuries occur in the US every year.

The end user segment of the market includes orthopedic clinics, hospitals, and surgical centers, and others. The orthopedic clinics segment is expected to hold the largest share of the market due to the growing number of orthopedic surgical procedures that are to be performed in orthopedic clinics across the globe.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to be the largest market owing to the increasing prevalence of osteoarthritis and rising per capita healthcare expenditure. The orthopedic braces market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European orthopedic braces market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The orthopedic braces market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The rising geriatric population has increased the growth of the orthopedic braces market. The market in Asia-Pacific is expected to be the fastest-growing. The orthopedic braces market in the Middle East & Africa has been divided into the Middle East and Africa.

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Overview

The global surgical robots market will grow at a CAGR of 17% during the forecast period 2021 to 2027. The market for surgical robots is set to reach US$13.7 Billion by 2027. As per surgical robots market analysts, the global market is anticipated to witness growth owing to the factors such as technological advancements in surgical robots as well as the technological signs of progress. However, the surgical robots market will face challenges and restraints due to the elevated investments in procuring these robots and limited adoption during the forecast period 2016 to 2024.

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The development of tools related to surgical robots in the surgical robots market will support the growth. As per surgical robots market analysts, the surgical robots market based companies will face certain challenges during the 2021 to 2027. The surgical robots market research report provides in-depth analysis of the product type, application, end user, and control mechanism segments. The surgical robots market research report presents factors such as the lack of comfort on the patients end that could slow down the surgical robots market's growth.

Market Segmentation

The surgical robots industry has been segmented into product type, application, end user, and control mechanism. Based on the segment which is product type,, the market is categorized on the basis of cardiac surgery, colorectal surgery, general surgery, gynecologic surgery, head and neck surgery, and urologic surgery. The global market for surgical robots is further segmented based on application into robotic systems, services, and instrument & accessories. Furthermore, the market, on the basis of control mechanism is segmented into direct telemanipulator and computer control. Based on the segment which is end user, the market is categorized on the basis of hospitals and ambulatory surgical centers.

The Surgical Robots Market Size report offers comprehensive study of the surgical robots segments including product type, application, end user, and control mechanism. The analysts have also studied the surgical robots market's spread across the regional markets across many of the surgical robots market’s segments at country levels. The product type, application, end user, and control mechanism segments spread across the global surgical robots market along with the subsegments are studied. The global market for surgical robots is spread across various product and service based segments. The market for surgical robots research report highlights these key segments and offers forecasts based on primary and secondary data. The global surgical robots market research report presents key company profiles of organizations active across the surgical robots market.

Competitive Landscape

Surgical robots have seen tremendous growth, due to rising adoption of advanced medical technologies and the improvement in financing. However, high cost of surgical robots and risks associated with robotic-assisted surgeries would challenge the companies active in the surgical robots market. Furthermore, companies using growth strategies to stay ahead in the global surgical robots market are expected to help the market during the forecast period 2016 to 2024. As the surgical robots market report suggests that the surgical robots market will register a CAGR of 18.94% and reach a US$19,596.61 million by 2024, the market report highlights key areas surgical robots market based companies need to focus on. The surgical robots market research report projects a long term growth till 2024. Based on the surgical robots market’s analysis on the basis of SWOT and Porters’ Five Force Model, the surgical robots market will rise during the forecast period 2016 to 2024, however the companies need to move ahead with caution. The surgical robots market research report highlights such key areas.

Intuitive Surgical Inc., Medtronic plc, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, and Hansen Medical are some of the prominent players at the forefront of competition in the Global Surgical Robots Market and are profiled in MRFR Analysis.

Regional Overview

Risks associated with robotic-assisted surgeries may hinder the surgical robots market growth. The surgical robots industry research report suggests that companies in the surgical robots market could be supported by rising preference for minimally invasive surgeries as well as increase in funding for surgical robot research during the forecast period. The market for surgical robots is set to register growth at a high CAGR owing to these key factors. The surgical robots market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per surgical robots market analysts, the surgical robots market is set to witness tremendous growth across product type, application, end user, and control mechanism segments. The global surgical robots market’s North American region covers surgical robots markets across the United States, Mexico, Canada, and others. Businesses present in the surgical robots market are also profiled and their strategies have been presented in detail in the surgical robots market research report.

The surgical robots market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the surgical robots market research report provides details about the APAC region covering surgical robots markets from China, India, Australia, Japan, and others. The surgical robots market is also active across several other parts of the world. The surgical robots market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global surgical robots market.

Industry News

Medtronic has reported the acquisition of its operational robotics market Minimally Invasive Therapies Group, a private company called Digerital Surgery, which produces automated surgical instruments. The purchase arrives as a medtech giant works to sell a soft-tissue robot competing with its da Vinci robot for much of the same treatment. There have not been revealed the financial terms of the agreement. Digital Surgery said that Medtronic will retain its co-founders in leadership positions and maintain its registered office in London, where preparations are being made to further expand investment and employees.

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Market Insights:

Lung cancer has been found to be one of the leading causes of cancer-related mortality as compared to other types of cancer. This has led to high demand for effective treatment options that assist in remission or allow prolonging of life while keeping the quality of life intact. Market Research Future's (MRFR), latest market report on the global lung cancer market, has disclosed an estimated evaluation of USD 36.92 billion by the end of 2023 and a considerable CAGR of 13.5% during the forecast period 2017-2023.

The market has been growing at a steady pace over the past few years and is expected to continue to do so as there has been very little difference in the smoking habits of the global population. The World Cancer Research Fund International has found that smoking is responsible for approximately 85% of all types of lung cancer. Rising cases of infections, increased awareness & early diagnoses are other factors that drive the growth of this market.

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The market is not without challenges and restraints, despite rapid growth. Low rates of remission, side effects associated with treatment, increased the incidence of fast-growing lung cancer and decreased the quality of life of late-stage cancer patients are some restraints that are likely to affect market growth. However, ongoing research & development of treatment options, the vast demand for the same and the encouragement and support from government and other regulatory bodies is expected to encourage growth for the market during the forecast period. Moreover, there has been growing interest in using genetic therapies to treat Lung Cancer Therapeutics Market Trends with utmost efficiency, the unrealized potential of this opportunity is expected to motivate robust growth for the global lung cancer market.

Key Players:

Analysis of prominent players that contribute significantly to the growing global lung cancer market includes Pfizer Inc., Merck & Co. Inc., F-Hoffmann-La Roche AG, Novartis, Bristol-Myers Squibb, Eli Lilly and Company, Sanofi and others.

Market Segmentation:

Segmentation analysis of the global lung cancer market has been done by type, treatment, end users, and region.

By type, the market has been divided into small cell lung cancer (SCLC) and non-small cell lung cancer (NSCLC). Of these, the NSCLC segment has over 75% of the total market share and is expected to be the dominating market segment during the review period.

By treatment, the market has been segmented to include surgery, chemotherapy, radiotherapy, photodynamic therapy (PDT) and laser therapy.

By end users, the market has been segregated to include hospitals & clinics, cancer research centers, and laboratories.

By region, the global lung cancer market has been divided into North America, Europe, the Asia-Pacific and the Middle East & Africa.

Regional Analysis:

North America dominated the market in 2016, closely followed by Europe due to the increased demand for effective lung cancer treatment options. Europe is expected to value $8.53 billion by the end of 2023. These countries have a strong presence of leading pharmaceutical companies and research centers that are strongly dedicated to the development of lung cancer treatment options that are efficient in function and affordability.

Meanwhile, the vast population that exists in the Asia Pacific along with the growing incidence of lung cancer is expected to make this region the fastest growing market during the forecast period. Awareness of the disease and early diagnosis have prompted the demand for treatment options in the region. Moreover, the region's emerging economies are increasing their healthcare spending thus facilitating market growth.

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

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