Influenza Diagnostics Market Statistics, Trends, Segmentation Analysis and Forecast to 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: Industry Analysis, Opportunity 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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Surgical Scalpel Market, Get Market Research, Business Risk & Industry Analysis Reports 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 2021: Size, Share, Analysis 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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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 by Type, Share, Application and Forecast Till 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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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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Vascular Closure Devices Market by Type, Share, Application and Forecast Till 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 Overview, Growth Opportunities and Forecast to 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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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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Near Infrared Imaging Market - Global Industry Analysis by Size, Share and Forecast 2021 – 2027

 Near Infrared Imaging Market 2021

The global near infrared imaging market held a market value of USD 316 million in 2017 and is projected to grow at a CAGR of 12.6% over the forecast period. 

Near infrared imaging uses near infrared light between 650 and 950 nm to non-invasively examine the concentration and oxygenation of hemoglobin which is used to detect changes induced by brain activity, injury, or disease. Moreover, near infrared imaging is portable and inexpensive device which may boost the market during forecast period.

Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. Moreover, companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.

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Major Key Players:

Some of the prominent players in the global near infrared imaging market are PerkinElmer, Inc. (US), Li-Cor, Inc. (US), Stryker Corporation (US), Karl Storz Se & Co.Kg (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (Germany), Medtronic (Ireland), Hamamatsu Photonics K.K., (Japan), Olympus Corporation (Japan), Shimadzu Corporation (Japan), Quest Medical Imaging B.V. (the Netherlands), Mizuho Medical Co., Ltd. (Japan), and others.

Segmentation

The global near infrared imaging market has been segmented into product type, application, and end user.

By product type, the market has been segmented into devices, reagents, and others. Devices segment is further segmented into near-infrared fluorescence imaging systems and near-infrared bioluminescence imaging systems.

Based on application, the market has been segmented into cancer surgeries, preclinical imaging, plastic/reconstructive surgeries, gastrointestinal surgeries, cardiovascular surgeries, and others. 

The near infrared imaging market, by end user, has been segmented into pharmaceutical & biotechnology companies, hospitals & clinics, research laboratories & academic institutions, and others.

Regional Analysis

On regional basis, the Americas is anticipated to dominate the global near infrared imaging market owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region. 

Europe is expected to hold the second largest position in the global near infrared imaging market owing to the presence of strong academic & research base and availability of funding for research in the European countries. 

Asia Pacific has served an opportunity for developing near infrared imaging market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like cardiovascular diseases and cancer.

 The Middle East & Africa has the least share of the global near infrared imaging market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

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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.

Contact us:

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Veterinary Laboratory Testing Market - Global Industry Analysis by Size, Share and Forecast 2021 – 2027

 Veterinary Laboratory Testing Market 2021

The global veterinary laboratory testing market is expected to grow at a CAGR of 10.1% during the forecast period.

Increasing expenditure on pet insurance, growth in the number of veterinary practitioners, advancements in healthcare facilities, and favorable funding policies are expected to drive the market growth over the forecast period.

However, high cost of veterinary testing and complications associated with the tests can restrain the market growth over the assessment period.

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Major Key Players:

Some of the prominent players in the global veterinary laboratory testing market are Abaxis, Inc., BIOCHECK Inc., Biomérieux SA, Henry Schein, Inc., Heska Corporation, Idexx Laboratories, Idvet, Neogen Corporation, Pfizer, Qiagen N.V., Randox Laboratories, Ltd., Thermo Fisher Scientific, VCA Inc., Virbac, Zoetis, Inc. and others.

Segmentation

The global veterinary laboratory testing market has been segmented into animal type, technology, product, and end user.

The market, on the basis of animal type, has been segmented into companion animal and livestock animal. The companion animal segment is further classified as dogs, cats, horses and others. The livestock animal segment is further classified as cattle, pigs, poultry and others.

The market, by technology, has been segmented into clinical biochemistry, immunodiagnostics, hematology, molecular diagnostics, urinalysis, and others.

The clinical biochemistry segment is further classified as clinical chemistry analysis, glucose monitoring, and blood gas & electrolyte analysis. The clinical chemistry analysis segment includes clinical chemistry reagent clips and cartridges and clinical chemistry analyzers. The glucose monitoring segment includes blood glucose strips, glucose monitors and urine glucose strips. The blood gas & electrolyte analysis segment includes blood gas and electrolyte reagent clips and cartridges and blood gas & electrolyte analyzers.

The immunodiagnostics segment is further classified as ELISA tests, lateral flow assays, allergen-specific immunodiagnostic tests, immunoassay analyzers, and others. The lateral flow assays segment includes lateral flow rapid tests, and lateral flow strip readers.

The hematology segment is further classified as hematology cartridges, and hematology analyzers.

The molecular diagnostics segment is further classified as polymerase chain reaction (PCR) tests, microarrays, and others.

The urinalysis segment is further classified as urinalysis clips & cartridges/panels, urine analyzers, and urine test strips.

The market, by product, has been segmented into consumables and instruments.

The market, by end user, has been segmented into veterinary hospitals & clinics, in-house testing, research institutes, diagnostic laboratories, and others. The veterinary hospitals & clinics segment held the largest segment of the market in 2017. This can be attributed to the increasing incidence of zoonotic diseases. On the other hand, the academic institutes segment is estimated to be the fastest growing segment.

Regional Analysis

Geographically, the Americas is anticipated to dominate the global veterinary laboratory testing market owing to the increasing cases of animal disease and technological advancements in veterinary diagnostics. For instance, in 2016, IDEXX Laboratories, Inc. launched the Rapid Visual Pregnancy Test for cattle. With the new test, veterinarians can more quickly identify open cows using whole blood samples collected before the farm visit. Europe is expected to hold the second largest position in the global veterinary laboratory testing market. The market growth in this region is attributed to the rising expenditure on pet insurance. The Veterinary Laboratory Testing Market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the awareness regarding use of sterile consumables for lab testing and rising healthcare spending. The Middle East & Africa contributes least in the global market for veterinary laboratory testing.

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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.

Contact us:

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

99 Hudson Street, 5Th Floor,

New York, New York 10013

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Email: sales@marketresearchfuture.com

Myasthenia Gravis Market - Global Industry Growth, New Opportunities and Forecast – 2027

 Myasthenia Gravis Market 2021

The latest study conducted by Market Research Future (MRFR) reveals the global myasthenia gravis (MG) is set to witness 9.61% CAGR during the assessment period (2018-2023) and surpass a valuation of USD 3,000 Mn.  Factors such as increased prevalence rate, investment in R&D and advances in healthcare are likely to support the growth of the market. In recent years, a sharp rise in MG and related incidences has been noticed. In advanced countries, a greater level of awareness prevails, which is favoring the market’s growth. It is understood that early diagnosis and treatment can reduce the impact of the condition to a significant extent, however outcomes may vary from case to case.

Advances in technology has resulted in development of therapeutics that are more effective as compared to traditional medicines. At the same time, increased level of awareness among patients and government support in product research & development is expected to create market opportunities in forthcoming years. Nonetheless, high cost of treatment is currently viewed as the primary restraint for the markets 

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Major Key Players:

Global players mentioned in MRFR’s report include GE Healthcare, Novartis AG, Boston Scientific Corporation, Grifols S.A., Koninklijke Philips N.V., Alexion Pharmaceuticals, Inc. Valeant Pharmaceuticals International, Inc., Pfizer Inc., Medtronic Plc., Shire, CSL Behring and Baxter.

Segmentation

The report includes a segmental analysis of the market, which covers disease type, end-user, diagnosis and treatment and region. By type, the market has been segmented into congenital myasthenia gravis, transient myasthenia gravis, ocular myasthenia gravis, generalized myasthenia gravis and others. The generalized myasthenia gravis segment accounts for the dominant share of the market. The segment currently stands at market valuation of USD 700 Mn and is likely to reach USD 1526.66 Mn by 2023, reflecting a healthy CAGR. This primarily owing to the widespread prevalence of generalized myasthenia gravis. By diagnosis and treatment, the market has been into diagnosis and treatment. Sub-segments of the diagnosis segment that are discussed in the report are electrodiagnostic testing, imaging and Lab-based test. Sub-segments of the treatment segment discussed in the report are plasmapheresis and intravenous immunoglobulin, immunosuppressive drugs, thymectomy and cholinesterase inhibitors. The treatment segment is expected to highly profitable over the next couple of years. The segment currently accounts for nearly two-third share of the market and expected to capture 9.52% CAGR during the forecast period. By end user, the market has been segmented into academic and research organizations, diagnostic centers and hospitals and clinics. The hospitals and clinics segment commands the largest market share in terms of value.

Regional Analysis:

The regions that are covered in the report are Europe, Americas, Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, Americas captured the largest market share in terms of value. The region is likely to retain its dominance over the review period. There are several factors that can be linked with the region superior position, the prominent ones being existence of a world-class healthcare system, particularly in countries such as the U.S. and Canada, rising healthcare spending and availability of a wide rang of treatment options. The region is followed by Europe and Asia Pacific respectively. The market in Europe is currently valued at USD 675.12 Mn and expected to record a steady growth over the review period. Meanwhile, Asia Pacific is expected to post the highest CAGR over 2023. Presence of a massive patient pool and rising geriatric population is driving the market’s growth in APAC. Additionally, countries such as India and China are undergoing policy overhaul, to improve the socio-economic elements. As a result, a number of sectors, including the healthcare have witness tremendous transformation. Such changes are opening new avenues for market players functioning in the region.

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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.

Contact us:

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

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com