Tele-Intensive Care Unit Market - Global Industry Analysis by Size, Share and Forecast 2021 – 2027

 Tele-Intensive Care Unit Market 2021

Tele-intensive care unit (ICU) are used for the management of various medical complications and to treat critically ill patients by using off-site clinical resources. Tele-intensive care units (ICU) are part of telemedicine, and it uses advanced technology to carry out activities such as monitoring, treatment, and rehabilitation.

The rising geriatric population, technological advancements in the healthcare sector, increasing occurrence of chronic disorders in the developed and developing countries, and increasing cases of patients affected by neurological disorders across the globe are the major factors driving the growth of the global tele-intensive care unit (ICU) market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players are fueling the growth of the market during the forecast period. According to the World Health Organization and International Agency for Research on Cancer (IARC) reported that in 2018, there were 18.1 million new cases of cancer which is projected to reach 43.8 million over the next five years. The rising worldwide prevalence of cancer is propelling the demand for tele-intensive care unit (ICU), thereby supporting market growth.

The high costs associated with establishments of tele-intensive care unit (ICU) and lack of reimbursement policy are likely to hinder the market growth during the forecast period.

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Major Key Players:

Some of the key players in the global tele-intensive care unit (ICU) market are Intouch Technologies, Inc., SOC Telemed, Advanced Icu Care, UPMC, Banner Health, Teleicucare, Koninklijke Philips N.V., Eagle Telemedicine, Apollo TeleHealth Services, and Inteleicu1.

Segment Analysis

The global tele-intensive care unit (ICU) market has been classified on the basis of component and type of management.

Based on component, the market has been classified as hardware and software. The market, by hardware, has been further segmented into computer system, communication lines, physiological monitors, therapeutic devices, video feeds, and others.

On the basis of management, the market has been segmented into intensivist, open, co-managed, open with a consultant, and other types of management.

Regional Analysis

The Americas are likely to dominate the global Tele-Intensive Care Unit (ICU) market owing to the technological advancements related to healthcare, rising cases of chronic disorders, and an increasing number of hospitals in the regions. The European market is expected to be the second-largest Tele-Intensive Care Unit (ICU) market due to the rising demand of healthcare systems which can provide real-time data, the surge in cases of neurological disorders in the European region, and government funding and support of the healthcare sector. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to the rising geriatric population, increasing investments in healthcare, and expansions by market players in the region. The market in the Middle East & Africa is likely to account for the smallest share of the global tele-intensive care unit (ICU) market.

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Global Autoinjectors Market, Opportunities, Top Key Players and Forecast to 2027

 Autoinjectors Market 2021

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

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

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

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Major Key Players:

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

Segment Analysis

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

Regional Analysis

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

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Hepatitis B Treatment Market Regional Analysis, Key Players, Opportunities and Forecast to 2027

 Hepatitis B Treatment Market 2021

The global hepatitis B treatment market is expected to grow at an approximate CAGR of 5.3% during the forecast period, 2018–2024.
Hepatitis B is a viral infection caused by a hepatitis B virus. This infection lasts for a longer period and can cause many other complications, such as scarring in the liver, liver cancer or liver failure. The person suffering from hepatitis B faces various symptoms such as fever, fatigue, nausea, and muscle aches. The other symptoms include jaundice, swelling in the legs, poor appetite, drowsiness and many more. The key factors contributing the market growth are growing geriatric population, increasing the prevalence of viral infection and growing sexually transmitted diseases among the population contribute to driving the market growth. The World Hepatitis Alliance (WHA), 2017 reported that 52 million children across the world are living with viral hepatitis. Such a huge population suffering from Hepatitis boosts the market growth.
However, the factor such as the side effects or complication caused due to treatment may hamper the market growth. 

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Major Key Players:

Some of the key players in the global hepatitis B treatment market are Accord Healthcare Inc., Apotex Corp., Arbutus Biopharma, Arrowhead Pharma, Aurobindo Pharma Limited, Bristol-Myers Squibb Company, Gilead Sciences, Inc., GlaxoSmithKline, Lupin Pharmaceuticals, Inc., Merck & Co., Inc., Par Pharmaceutical, Inc., Teva Pharmaceuticals, Zydus Pharmaceuticals, and others. Segment Analysis

The global hepatitis B treatment market is segmented on the basis of type, treatment, distribution channel, and region.
Based on type, the market is segmented into acute and chronic. On the basis of treatment, the global hepatitis B treatment market is segmented into immune modulator drugs, antiviral drugs, vaccine, and surgery  (liver transplant). The immune modulator drugs are further sub-segmented into pegylated interferon and interferon alpha. The antiviral drugs are sub-segmented into tenofovir disoproxil, entecavir, telbivudine, lamivudine, and others. By distribution channel, the market is segmented into hospital & retail pharmacies and online pharmacies.

Regional Analysis

The Americas dominates the global market for hepatitis B treatment. Factors such as the presence of a large number of healthcare companies, increasing geriatric population and high healthcare expenditure among the population within the Americas drives the market. The National Vaccine Information Center reported 3,370 cases of hepatitis B were reported in the US in 2015.

Following similar trends, Europe stood second in the global hepatitis B treatment market. The increased prevalence of viral diseases and growing healthcare expenditure in this region boost market growth. Also, the presence of developed economies, increasing healthcare facilities, and rising government funding for healthcare boost market growth. Asia Pacific was the fastest growing region for the global hepatitis B treatment market in 2017. This can be attributed due to the increasing incidences of HIV infection and rising demand for the treatment of viral infection among the population boosts market growth. 

On the other hand, the Middle East and Africa holds the least share in the global hepatitis B treatment market. The poor economies within the African region and lack of awareness about the treatment methods hinder the market growth.

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Impact of COVID-19 Outbreak on Global Influenza Diagnostics Market | Market Synopsis & Forecast – 2027

Influenza Diagnostics Market 2021

The Influenza Diagnostics Market is estimated to be valued at USD 954.512 million by 2023 and is expected to register a CAGR of 7.80% during the forecast period 2018-2023

Based on type of flu, the type A flu segment accounted for the largest market share in 2017, with a market value of USD 286.401 million. Influenza is a contagious respiratory infection caused by numerous flu viruses which affect the nose, throat, and lungs. As per the National Center for Biotechnology Information (NCBI) Report 2015, the influenza virus is responsible for seasonal epidemics affecting over 200,000 people with a death toll of approximately 30,000 to 50,000 patients every year in the US. As per the World Health Organization Report (WHO) 2017, influenza virus-infected 5% to 15% of the global population. As the prevalence of influenza is increasing, the number of diagnostic techniques such as immunochromatography-based rapid diagnostic test (RDT) and nucleic acid amplification test (NAAT) are used for the detection of influenza viruses in humans.

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Major Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the global influenza diagnostics market that includes Abbott, Analytik Jena AG, Becton, Dickinson and Company, Biocartis, bioMérieux Inc, Cepheid, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd, GenMark Diagnostics, Inc., Luminex Corporation, Meridian Bioscience, Inc., Quidel Corporation, SA Scientific, Thermo Fisher Scientific Inc.

Regional Analysis

Geographically, the global influenza diagnostics market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. As per MRFR analysis, The Americas accounted for the largest market share of 38.0% in 2017, with a market value of USD 236.198 million, the market is expected to register a CAGR of 7.25% during the forecast period. Europe was the second-largest market in 2017. However, the market in Asia-Pacific is expected to register the highest CAGR.

Segmentation

The global influenza diagnostics market is segmented into type of flu, test type, and end user. On the basis of type of flu, the global influenza diagnostics market is further sub-segmented as type A flu, type B flu, and type C flu. The type A flu accounted for the market value of USD 286.401 million in 2017.

By test type, the global influenza diagnostics market has been sub-segmented into traditional diagnostic tests and molecular diagnostic tests. The test type segment accounted for the larger market share in 2017. However, the type of flu segment is expected to exhibit higher CAGR during the forecast period. Based on end user, the global influenza diagnostics market has been sub-segmented into hospitals & clinical laboratories and point-of-care testing.

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Medical Billing Outsourcing Market Regional Analysis, Key Players, Opportunities and Forecast to 2027

 Medical Billing Outsourcing Market 2021

The global medical billing outsourcing market is expected to grow at an approximate CAGR of 12.5% during the forecast period, 2018–2023.

The growing emphasis on compliance and risk management and global expansion of some of the key players are some of the key factors driving the medical billing outsourcing market. In 2016, Allscripts acquired Core Medical Solutions, to increase its offerings in Australia. Allscripts currently supports more than 85 hospitals throughout Australia.

Various other factors such as rising healthcare expenditure, increasing government support, and technological advancements are also expected to propel the growth of the market.

However, increasing legislative & regulatory pressure, untapped emerging markets, and high costs of technology can hamper market growth over the forecast period.

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Major Key Players:

Some of the key players in the global medical billing outsourcing market are R1 RCM Inc., Allscripts, Cerner Corporation, EClinical Works, Experian Information Solutions Inc., GENERAL ELECTRIC COMPANY, Genpact, HCL Technologies Limited, Kareo, Inc., McKesson Corporation, Quest Diagnostics Incorporated, The SSI Groups Inc, and others.

Regional Analysis

The Americas dominated the global market for medical billing outsourcing owing to the increasing healthcare expenditure, the presence of major market players, and rising adoption of medical billing outsourcing software by the hospitals within the region. It was found that around 80% of hospitals considering outsourcing full revenue cycle management by 2019. Moreover, in 2018, AdvancedMD announced the availability of ePayments, which facilitates to collect outstanding patient balances and reduce aging A/R more quickly and conveniently.

In 2017, it was estimated that Europe stood second in the global medical billing outsourcing market. This can be attributed to the increasing need to make billing processes efficient.

Asia-Pacific was the fastest growing region in 2017. Emerging economies, such as Singapore, Australia, India, and China, are the most lucrative markets due to the increasing patient pool and improving healthcare facilities. The increasing awareness about medical billing software and their growing importance coupled with the supportive government programs and policies are going to boost up the market.

On the other hand, the Middle East and Africa held the least share in the global medical billing outsourcing market due to the lack of healthcare awareness, and lack of advanced technology. However, Saudi Arabia and the UAE lead in terms of market shares in this region because of a good economy, skilled medical professionals, and accessibility to modern technology thus, contributing to the steady growth of the market in the Middle Eastern and African region.

Segmentation

The global medical billing outsourcing market is segmented based on product, material type, application, end user, and region.

The global market for medical billing outsourcing, by component, is segmented into outsourced and in-house. The outsourced segment is anticipated to hold the largest market share owing to the rising adoption of medical billing software by hospitals. 

Based on service, the market is segmented into front end, middle, and back end. The front-end services, usually, includes preregistration, registration, eligibility, scheduling, pre-authorization, etc. Due to the market saturation, front-end services segment is facing decline.

Based on end user, the market is segmented into hospitals, physician’s office, and others. The hospitals segment is expected to hold the largest market share due to rising cases of diseases.

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

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

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Surgical Scalpel Market - Global Industry Growth, New Opportunities and Forecast – 2027

 Surgical Scalpel Market 2021

The global surgical scalpel market is expected to grow at an approximate CAGR of 3.7% during the forecast period, 2018–2023.

The rising number of surgical procedures is one of the key factors driving the surgical scalpel market. According to the Australian Institute of Health and Welfare, during 2015–16, there were 10.6 million hospitalizations, and around 25% hospitalizations involved a surgical procedure.

Various other factors such as technological advancements, untapped emerging markets, rising incidence of road accidents, and rising demand for minimally invasive procedures are also expected to propel the growth of the market.

However, the risk of injuries associated with scalpels can hamper market growth over the forecast period.

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Major Key Players:

Some of the key players in the global surgical scalpel market are Ansell Sandel Medical Solutions LLC (Ansell), B. Braun Melsungen AG, Beaver-Visitec International, Cincinnati Surgical Company, Inc., Henry Schein, Inc., Hill-Rom Services Inc., Huaiyin Medical Instruments Co., Ltd, Hu-Friedy Mfg. Co., LLC, Integra LifeSciences Corporation, Kai Industries Co., Ltd., Kawamoto Corporation, Leica Biosystems Nussloch GmbH, MANI, Inc., Medicom Company, Medtronic Plc., MYCO Medical, pfm medical, PL Medical Co., LLC., SouthMedic, Surgical Specialties Corporation, Swann-Morton Limited, VOGT Medical, and others.

Regional Analysis

The Americas dominated the global market for surgical scalpel owing to the increasing healthcare expenditure presence of major market players, and rising cases of cardiovascular disorders within the region. As per the 2019 data suggested by the American College of Cardiology Foundation, coronary events are expected to occur in 1,055,000 individuals, including 720,000 new and 335,000 recurrent coronary events. It was also reported that, in 2017, around 3,244 cases of heart transplantation occurred.

In 2017, it was estimated that Europe stood second in the global surgical scalpel market. This can be attributed to the rising demand for plastic and reconstructive surgery.

Asia-Pacific was the fastest growing region in 2017. Improvement in the reimbursement policies drives the regional markets of the Asia Pacific region. In 2017, the Australian Government Department of Health introduced the latest Medicare Benefits Schedule (MBS). According to the MBS, the actual fee for caecostomy, enterostomy, gastrostomy, and suture of perforated peptic ulcer was USD 521.25 which is now reduced by 75% i.e. USD 390.95. Moreover, the actual fee for hydatid cyst of the liver, with or without suture of biliary radicles, and with omentoplasty or myeloplasty was USD 653.45 which is now reduced by 75% i.e. USD 490.10

On the other hand, the Middle East and Africa held the least share in the global surgical scalpel market due to the low economic development, especially within the African region.

Segmentation

The global surgical scalpel market is segmented based on product, material type, application, end user, and region.

The global market for surgical scalpel, by product, is segmented into disposable surgical scalpel, reusable surgical scalpel, and accessories. The reusable surgical scalpel segment is further classified as scalpel handles and surgical blades.

Based on material type, the market is segmented into stainless steels, high-grade carbon steels, and others.

Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centers, nursing centers, reference laboratories, and others.

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

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

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Veterinary Dental Equipment Market - Global Industry Growth, New Opportunities and Forecast – 2027

 Veterinary Dental Equipment Market 2021

The global veterinary dental (dentistry) equipment market is expected to grow at an approximate CAGR of 9.5% during the forecast period, 2018–2023.

The rising prevalence of periodontal disease in the animals is one of the key factors driving the veterinary dental (dentistry) equipment market. As per the 2018 study published in the PLOS ONE, the estimated prevalence of periodontal disease in the animals was around 80% in the US. Whereas, in England, the reported prevalence was 9.3% and 31% in Belgium.

Various other factors such as increasing awareness about animal healthcare, technological advancements, untapped emerging markets, rising incidence of veterinary dental problems, and increasing on expenditure pet insurance are also expected to propel the growth of the market.

However, the high cost of advanced dental equipment and a shortage of veterinarians in emerging markets can hamper market growth over the forecast period.

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Major Key Players:

Some of the key players in the global veterinary dental (dentistry) equipment market are Acteon Group, Charles Brungart, Inc. (Cbi), Cislak Manufacturing, Dentalaire, Dispomed, Eickemeyer, Henry Schein, iM3 Pty Ltd, Integra Lifesciences, J & J Instruments, MAI Animal Health, Midmark Corporation, Technik Veterinary, and others.

Regional Analysis

The Americas dominated the global market for veterinary dental (dentistry) equipment owing to the increasing expenditure on pet insurance, and presence of major market players within the region. Pet owners spend a lot on routine vet expenses, and surgical vet visits. As per the data suggested by The American Pet Products Association (APPA), around 65% of the U.S. population owns a pet, and the U.S. pet industry expenditure in 2015 was USD 60.3 billion, which is exceeded to USD 62.8 billion.

In 2017, it was estimated that Europe stood second in the global Veterinary Dental (Dentistry) Equipment market. This can be attributed to the increasing prevalence of periodontal diseases. According to the 2018 study published in the PLOS ONE, around 60.0% of companion dogs had periodontitis, 61.3% had calculus, and 33.8% had missing teeth in the Czech Republic.

Asia-Pacific was the fastest growing region in 2017. Increasing awareness about animal healthcare drives the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held the least share in the global veterinary dental (dentistry) equipment market due to the low economic development, especially within the African region.

Segmentation

The global veterinary dental (dentistry) equipment market is segmented based on product, animal type, end user, and region.

The global market for veterinary dental (dentistry) equipment, by product, is segmented into equipment, hand instruments, consumables, and others. The equipment segment is further classified as dental x-ray systems, electrosurgical units, dental stations, dental lasers, and powered units.

The dental x-ray systems segment includes stationary dental x-ray systems and mobile dental x-ray systems. The dental stations include mobile cart dental stations, countertop dental stations, and wall-mounted dental stations. The powered units segment includes ultrasonic scalers & micromotors, and dental handpieces.

The hand instruments segment is further classified as dental elevators, dental probes, extraction forceps, curettes and scalers, retractors, dental luxators, and others.

The consumables segment is further classified as dental supplies, prophy products, and others.

Based on animal type, the market is segmented into large animals, companion animals, and others.

Based on end user, the market is segmented into veterinary hospitals, veterinary clinics, research & academic institutes, and others.

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About Market Research Future

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

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

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

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Oxygen Therapy Equipment Market: Industry Analysis, Opportunity and Forecast to 2027

 Oxygen Therapy Equipment Market 2021

The global oxygen therapy equipment market is expected to register a growth of significant CAGR 8.9% during the forecast period (2018–2023). Increasing prevalence of respiratory diseases, rising healthcare expenditure, growing geriatric population and favorable reimbursement policies are the drivers for the global oxygen therapy device market. However, factors such as high cost of oxygen concentrators and side effects implicated by the oxygen therapy devices restraints the market growth during the forecast period. As per the National Institutes of Health (NIH), nearly 12 million adults have been diagnosed with COPD in the U.S. and 120,000 people die each year. According to the data published by the Global Asthma Network (GAN), asthma affects nearly 334 million people worldwide. Increasing patient population is expected to boost the demand for these products. This consequent increase in demand is expected to drive the industry over the coming years.

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Major Key Players:

Some of the key players in the global oxygen therapy equipment market are Philips Healthcare (A Division of Koninklijke Philips N.V.), Linde Healthcare (A Division of Linde Group), Becton Dickinson and Company, Taiyo Nippon Sanso Corporation, Smiths Medical (A Division of Smiths Group PLC), Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Invacare Corporation, Fisher & Paykel Healthcare Corporation Limited, Allied Healthcare Products Inc., Esex Industries, Inc., Messer Medical Austria GmbH, Medicop D.O.O

Regional Analysis

North America accounted for the largest share of the global oxygen therapy equipment market owing to high R&D investments and trials pertaining to oxygen therapy. For instance, the British Medical Research Council in collaboration with North American Nocturnal Oxygen Therapy conducted research to study the efficacy of long-term Oxygen therapy. Increasing healthcare awareness, advancement in technology, medical tourism are some other factors that boost the growth of the market. Additionally, increasing popularity of hyperbaric oxygen therapy and Topical Wound Oxygen therapy (TWO) over this region is contributing towards the market demand.

The European market is expected to hold the second largest market share. The market is expected to witness growth owing to the rising patient population, changing lifestyle, and growing elderly population. This is expected to provide favorable backgrounds for the market to grow. Number of people living with COPD in 5 European countries (UK, France, Germany, Italy, Spain and Belgium) are estimated to be around 11 million in 2016.

Asia-Pacific is projected to be the fastest growing region for the global oxygen therapy equipment in 2018. It is expected to witness profitable growth over the forecast period due to the existence of favorable healthcare schemes drafted by government agencies. Awareness programs and quality assurance of diagnostic procedures have added importance in the developing economies of Korea, Taiwan, China, Sri Lanka and India since the last few years.

Segmentation

The global oxygen therapy equipment market has been segmented on the basis of product, portability, application, and end users.

On the basis of product, the market has been classified as oxygen source equipment, oxygen delivery devices. The oxygen source equipment is segmented in to oxygen concentrators, liquid oxygen devices and oxygen cylinders. The oxygen concentrators are further segmented in to portable oxygen concentrators and fixed oxygen concentrators. The oxygen delivery devices are segmented in to bag valve masks, non-rebreather masks, venturi masks, oxygen masks, nasal cannulas and other devices. On the basis of portability, the market has been classified as stationary oxygen therapy devices and portable oxygen therapy devices. On the basis of application, the market has been classified as cystic fibrosis, asthma, COPD, pneumonia, respiratory distress syndrome, other diseases. On the basis of end users, the market has been classified as home care settings, hospitals, ambulatory surgical centers & physician offices and others.

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Vascular Closure Devices Market, Get Market Research, Business Risk & Industry Analysis Reports 2027

 Vascular Closure Devices Market 2021

It is estimated that the global vascular closure devices market is expected to register a CAGR ~ 6.8% during the forecast period of 2018–2023. The global vascular closure devices market is expected to witness tremendous growth owing to the rising prevalence of numerous types of cardiovascular as well as neurovascular diseases. Other key factors such as the untapped market opportunities in emerging countries, growing investments by government organizations, increasing adoption rate of minimally invasive techniques are contributing towards the growth of the market. However, factors such as lack of trained medical professionals, and the post-operative complications are expected to curb the growth of the market during the forecast period.

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Major Key Players:

Some of the key players in the global intraocular lens market are Abbott Laboratories, Terumo Corporation, Cardinal Health Inc., Cardiva Medical Inc., Morris Innovative, Inc., Medtronic plc, Essential Medical, Inc., Merit Medical Systems, Inc., TZ Medical, Inc., Vasorum Ltd., Transluminal Technologies LLC, Vascular Closure Systems, Inc., Vivasure Medical Ltd., among others.

Segmentation

On the regional basis, the vascular closure devices market in the Americas is predicted to dominate the market during the forecast period. The North American region holds substantial share in the global market. This owes to the rise in the government initiatives, and the increased prevalence of coronary diseases in these regions. For instance, according to the data published in 2015 by the American Heart Association (AHA), about one in 7 deaths in the US is caused by coronary heart disease. Also, numerous major players are based in the US, owing to which the US has become a center for innovation in the vascular closure devices market.

Currently, the global vascular closure devices market is dominated by numerous players. The major players in this market are involved in new product launches, strategic partnerships and collaborations to increase their product portfolio. For example, in June 2018, Biomerics, a medical device contract manufacturer announced the acquisition of FutureMatrix Interventional, Inc. The company aims to expand its portfolio of interventional catheters used in cardiovascular and urology fields, thus strengthening its position in the market.

The global vascular closure devices market is segmented on the basis of product type, access, procedures, application, and end user.

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About Market Research Future

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

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

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

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Medical Carts Market 2021: Size, Share, Analysis and Forecast-2027

 Medical Carts Market 2021

The growing acceptance of medical carts accustomed by its technical advances is one of the major trends witnessed in the global medical carts market over the forecast period.

According to world health organization, musculoskeletal conditions are the second largest contributor to disability globally. Musculoskeletal conditions include conditions that affect joints (psoriatic arthritis, gout, osteoarthritis, rheumatoid arthritis), bones (osteoporosis, osteopenia and associated fragility fractures), and muscles (sarcopenia).

Other key factors such significant investments in R&D and expansions undertaken by key players are contributing towards the growth of the market. However, challenges such as high cost of advanced medical carts in developing countries, is likely to curb the market growth during the forecast period.

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Major Key Players:

Some of the key players in the global medical carts market are ITD GmbH (Germany), Advantech Co. (Taiwan) Ltd, Harloff Manufacturing Co. (US), AFC Industries (US), Chang Gung Medical Technology Co. (Taiwan), Omnicell Inc. (US), Midmark Corporation (US), The Bergmann Group (US), Capsa Healthcare (US), Jaco Inc (US), Waterloo Healthcare (US), Ergotron Inc (US) and others.

Segmentation

The global medical carts market is segmented based on product type, type, material type, and end-users.

The medical carts market, by product type, the market is segmented into mobile computing carts, medical storage columns, wall-mounted workstations, medication carts, and others.

Based on type, the market is segmented into computer medical cart, procedure cart, emergency cart, anaesthesia cart, and others.

Based on material type, the market is segmented into metal type, plastic type, and others.

 Based on end-user, the market is segmented into hospitals and clinics, ambulatory surgical centres, and others.

Regional Analysis

The Americas is the largest in the market owing to the improving research infrastructure in the region, coupled with the rising awareness among patients and physicians. It is currently exhibiting a highly lucrative growth rate due to an increased use of medical carts for various applications. 

The European region is the second largest medical carts market over the forecast period due to high acceptance of medical carts in developing countries along with the rising incidence of chronic diseases are also accountable for the growth of the medical carts market.   

The Asia Pacific region is likely to develop at the uppermost CAGR for the medical carts market in the years to come. Moreover, the rising patient safety at the hospitals and at community level are expected to influence the market in a positive way.

The Middle East and Africa accounts for the least market share due to low per capita income and lack of availability of well-trained healthcare professionals. 

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About Market Research Future

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

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

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

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Market Research Future (part of Wantstats Research and Media Private Limited),

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Email: sales@marketresearchfuture.com