Protein Assays Market: Market Segments, Dynamics, Size, Supply & Demand, Current Trends and Forecast 2023

Protein Assays Market Research Report– By Type (Copper-Ion-Based Assays, Test Strip-Based Assays, DyeBinding Assays), By Application (Diagnosis, Drug Discovery, Protein Purification), By Product, By Technology, By End User– Global forecast till 2023

Regional Insights

Geographically, the Protein Assays Market span across regions namely, Europe, Americas, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the American region is likely to dominate the global market mainly due to the presence of North America. The North American region is estimated to occupy the largest share in this region owing to the presence of strong regional economics, research and development base, and high emphasis on wellness and disease prevention by the governments.

The European region is considered to expand at a rapid pace and is likely to retain its growth in the coming years. The growth is credited to the increasing investment in several governments and private funded R&D programs. Also, the high spending on biotechnology and the pharmaceutical industry is triggering the demand for protein assays in this region.

The Asia Pacific region is presumed to register a significant growth owing to the presence of nations such as India, Japan, and China. The healthcare expenditure in this region has increased due to the growing affluence of the population coupled with the extension of state health care programs. Also, nations like South Korea and China are striving hard to develop their biotechnology sector for better diagnosis purposes. Such factors are highly fueling the market growth in this region.

Industry Updates

February 27, 2019: A Ph.D. and an assistant professor of tissue and cell biology in the School of Dentistry, Stephen Floor, has been using an innovative procedure termed long read sequencing which can analyze an entire RNA strand despite breaking it into small chunks. With the advent of the technology, the behavior of RNA and its result in distinct amounts and types of proteins can be studied.

Competitive Dashboard

The prominent players operating the global protein assays market are Promega Corporation (U.S.), PerkinElmer Inc. (U.S.), Abcam plc (U.S.), Lucigen Corporation (U.S.), F. Hoffmann La Roche Ltd (Switzerland), New England Biolabs (U.S.), GE Healthcare (U.S.), Takara Bio Inc. (Japan), Thermo Fisher Scientific (U.S.), Cell Signaling Technology Inc. (U.S.), Bio-Techne (U.S.), QIAGEN (Germany), Bio-Rad Laboratories Inc. (U.S.), Lonza Group Ltd. (Switzerland), Illumina Inc. (U.S.), BioVision Inc. (U.S.), Merck KGaA (Germany), and others.

Market Synopsis

Market Research Future (MRFR) speculates that the global protein assays market is likely to register 10.8% CAGR during the forecast period (2017-2023). Use of protein assays for early diagnosis of cancer is estimated to favor the market growth. Protein assay is referred to as an analytical technique which is generally used to measure the concentration of protein in a solution and is one of the most extensively used processes in life science studies. The technique is used to detect the presence of protein in a sample. There are several types of assays available in the market which differ from one another based on principle, sensitivity, and methodology.
Market Potential and Pitfalls

With the use of protein assays for early diagnosis of HIV and cancer have significantly reduced the mortality and morbidity of the disease. Protein assays are facile, cost effective, and reproducible, which fuels its demand over the assessment period. Lowry, Bradford, UV spectroscopic, and BCA are some of the commonly used protein assays. The use of protein assays in drug discovery and development and disease diagnosis is encouraging the pharmaceutical and biotechnological sectors to invest in research and development activities. Such factors are estimated to propel the propel assays market growth throughout the estimated period. Major market giants launch several new biomarker identification systems which create opportunities for the protein assay market globally. For instance, Gyros Protein Technologies AB had launched a new version of its anti-drug antibody solution in June 2017 for the immunogenicity market. With the emergence of the solution, the customers can automatically run the assays by using fewer volumes of patient reagents and samples in a time-efficient manner.

The market’s course is chiefly directed by rising investment by the biotech and pharmaceutical companies in R&D activities coupled with the increased funding by governments across countries for proteomics research. Moreover, the presence of a huge number of players is fostering the growth of protein assays across the globe.
On the contrary, high infrastructure cost, low research and development, insufficient trained resources, and strict regulatory framework are some of the top barriers considered to vitiate the market growth throughout the appraisal period.

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Global Protein Assays Market: Segmental Analysis

The global protein assays market has been segmented on the basis of application, type technology, product, and end-users.
By mode of type, the global protein assays market has been segmented into test strip based assays, copper-ion-based assays, dye-binding assays, and others.
By mode of application, the global protein assays market has been segmented into drug discovery, diagnosis, protein purification, and others.
By mode of product, the global protein assays market has been segmented into instruments, reagents & kits, and others.
By mode of technology, the global protein assays market has been segmented into fluorescence-based protein assays, colorimetric-based protein assays, and absorbance-based protein assays. Among these, the absorbance based protein assays segment is predicted to dominate the market.
By mode of end users, the global protein assays market has been segmented into academic institutes, hospitals & diagnostic centers, pharmaceutical & biotechnology companies, and others.

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Schizophrenia Drugs Market Size – Rising New Technologies Research Forecast to 2025

Schizophrenia is a mental disorder in which thoughts, emotions, and reality are interpreted abnormally. It can culminate in hallucinations, delusions, and disordered thinking which can impair day-today functioning. Although the disorder varies among individuals, it can be severe and disabling. The global Schizophrenia Drugs Market report by Market Research Future (MRFR) contains insights on the condition, treatments, new drugs, and other innovations for the period between 2019 and 2025 (forecast period).

Market Scope

The global Schizophrenia Drugs Market is poised to accumulate a significant valuation during the forecast period. Rising number of cases people being diagnosed with the medical condition, the growing number of the elderly populace, and rise in the research and development of schizophrenia are factors driving market growth. According to the National Institute of Mental Health, schizophrenia is one of the top 15 causes of disability worldwide.

Relaxation of prior authorization (PA) for generic drugs and shift to high quality patient care can impact the market greatly. The low efficacy of anti-psychotic drugs and the lack of methods of determining their performance has led to the use of dose-response meta-analyses for all placebo clinical trials. High need for innovation in treatments of mental disorders are likely to offer new opportunities for growth.

However, strict regulations pertaining to approvals of novel drugs and generic products can be detrimental to the global Schizophrenia Drugs Market growth.

Segmentation

The global Schizophrenia Drugs Market has been segmented into type, treatment, and route of administration.
By type, the global market has been segmented into paranoid schizophrenia, hebephrenic schizophrenia, catatonic schizophrenia, and undifferentiated schizophrenia.
Based on treatment, the global market has been divided into second-generation antipsychotics and third-generation antipsychotics. The second-generation antipsychotics segment is sub segmented into Latuda (Lurasidone), Risperdal (Risperidone), Zyprexa (Olanzapine), Invega (Paliperidone), Geodon (Ziprasidone), Seroquel (Quetiapine), and others.

Based on route of administration, the global market has been bifurcated into oral and injectables.

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Regional Analysis

The global Schizophrenia Drugs Market has been segmented, by region, into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas can dominate the global market till 2025 due to rising demand for schizophrenia treatment, increasing cases of the medical condition, and the geriatric populace. According to the Treatment Advocacy Center, schizophrenia has affected close to 2.6 million adults in the U.S. in 2015. Awareness programs for the condition and launch of new drugs via strict clinical trials can bode well for the market. For instance, Mental Health America’s (MHA) initiative, B4Stage4, for early identification and treatment of mental illnesses.
Europe has the second largest share in the Schizophrenia Drugs Market due to increasing mental health problems and the increasing geriatric populace. The large healthcare expenditure can also bolster the global market demand exponentially. APAC is touted to be the fastest growing region owing to adoption of faster treatments and latest drugs. High prevalence of mental health problems in Singapore, Hong Kong, and Japan can fuel the global Schizophrenia Drugs Market demand till 2025.

Lastly, the MEA region can contribute little to the market due to the underdeveloped infrastructure and lack of mental health facilities. But demand for schizophrenia treatment and rising number of hospitals can drive the market growth in the region.

Competition Outlook
Pfizer, Johnson & Johnson, AstraZeneca, Eli Lilly, Allergan/Geodon Ritcher, Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals, Alkermes, Sumitomo Dainippon Pharma, and Vanda Pharmaceuticals are the biggest players in the global schizophrenia market.

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CA 125 Test Market : Outlook Continues to Remain Positive by 2017 – 2023

CA 125 Test Market Information: By Devices (Spectrometer, Analyzer, Sample Collection Tube, Otopic Labeled Peptides), Indication (Cancer, Uterine Fibroid, Endometriosis), By End User (Hospitals & Clinics, Diagnostic Centers) – Global Forecast till 2023

Market Highlights

Cancer diagnosis and treatment has extensively evolved in the last few years owing to the development of methods for diagnostics and treatment. Research on cancer has received large emphasis due increasing demand for chemotherapy drugs and evolution of technology. There are various methods for the diagnosis of different types of cancer. CA 125 test is used to diagnosis various types of cancers especially the ovarian cancer. The test determines the levels of CA 125 protein the blood. Other cancers that can be diagnosed using CA 125 tests are endometrial cancer, fallopian tube cancer, stomach cancer, breast cancer, and others. The global CA 125 Test Market is expected to grow at a CAGR of 5.7% during the forecast period.

Increasing prevalence of cancer among women, rising demand for new cancer diagnosis methods, and technological advancement in the field for diagnostics drive the market growth. High cost of CA 125 test devices and accessories, and awareness about early diagnosis of cancer among women.

Taste the market data and market information presented through more than 55 market data tables and figures spread over 101 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “CA 125 test market research report–Global forecast till 2023.”

Major Players in the Market:

Some of the key players in the global market are Allergan plc. (U.K), Amgen Inc. (U.S.), Bayer (Germany), BD (U.S.), Eli Lilly Company (U.S.) , Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), Teva Pharmaceuticals Private Limited (Israel), AMAG Pharmaceuticals (U.S.), Johnson & Johnson (U.S.), Sanofi (France), Novartis (Germany), AbbVie Inc. (U.S.), GlaxoSmithKline plc. (U.S.), and others.

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Regional Analysis

Americas holds the largest share in the market for CA 125 test owing to the availability of a wide range of diagnosis and treatment methods for cancer, and rising prevalence cancer among women. North America accounts for the largest market in America, with U.S. capturing the largest share. Additionally, technological advancement also fuels the growth of the market. Additionally, emphasis on cancer research also boosts the market development in North America.

In Europe, Germany, U.K, and France are the largest contributors the growth of the market. The market is driven by extensive research and development activities, and increasing demand for new medical devices for diagnosis of cancer. Furthermore, key players in European region are engaged in research, and overall growth for research in oncology.

In Asia Pacific, the market is expected to grow at the fastest pace which is driven rising awareness about reproductive health and diseases among women, and improving healthcare infrastructure. Availability of highly qualified healthcare professionals such as physicians, surgeons and gynecologist in the developing regions such as India, Japan and China further fuel the market.

The Middle East & Africa also show a steady rise in the market owing to low prevalence of ovarian cancer, rising demand for diagnostic services and growing emphasis on diagnosis and treatment of cancer disease. The demand for CA 125 test is found to be low in the Middle East & Africa. In Africa, poor healthcare infrastructure restrains the growth of CA 125 test market.

Segmentation

The global CA 125 test market is segmented on the basis of devices and accessories, devices, and end user.

On the basis of devices and accessories, market is segmented into spectrometer, analyzer, sample collection tubes, isotopic labeled peptides, and others.

On the basis of indication, the market is segmented into cancer, uterine fibroids, endometriosis, liver diseases, and others. Cancer is further segmented into ovarian cancer, endometrial cancer, fallopian tube cancer, stomach cancer, breast cancer, and others.

On the basis of end user, the market is segmented into hospitals & clinics, diagnostic centers, and others.

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Hypotonia Market to Undertake Strapping Growth During 2023

Hypotonia market information: by types (acquired hypotonia), diagnosis (physical examination, muscle biopsy) treatment (physiotherapy, occupational therapy, speech and language therapy, drugs) end user (hospitals & clinics) – Global forecast till 2023

Hypotonia is a medical condition in which babies are born with a ‘floppy’ head, owing to the fact that they have less to no control over their neck muscles. This condition has become increasingly prevalent in recent times, owing to the comparatively unhealthy lifestyles that mothers are exposed to. Not only are the environmental conditions such as the severe pollution, a cause for hypotonia, but the lifestyle of women where they are exposed to alcohol, tobacco, and harmful drugs, a reason for the prevalence of the increasing incidence of hypotonia.

 The Global Hypotonia Market is majorly driven by the growing cases of hypotonia in current times, while other factors driving the growth of the market are the increasing investments towards research and development projects towards the introduction of advanced treatment methods to provide babies suffering from hypotonia better-living standards and aid.

However, the currently limited availability of facilities and higher cost of treatment is expected to hinder the market growth during the prediction period.

Segmental Analysis

The global hypotonia market is segmented based on types, diagnosis, treatment, and end-user.

On the basis of the types of hypotonia in the market, it is segmented into acquired hypotonia and congenital hypotonia.

On the basis of diagnosis methods available in the market, it is segmented into assessment of cerebrospinal fluid, blood tests, metabolic panel tests, computerized tomography or CT scan or magnetic resonance imaging (MRI) scan, electroencephalogram physical examination, genetic testing, electromyography, muscle biopsy, evaluation of thyroid hormone, nerve conduction velocity, and others.

On the basis of treatment,the hypotonia market is segmented into drugs, occupational therapy, physiotherapy, speech and language therapy, and others. Drugs are further segmented into physostigmine, neostigmine, and others.

On the basis of the end-user, it is segmented into research laboratories, hospitals & clinics, and others.

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Regional Analysis

The Americas, that is, north and Latin America, are expected to dominate the global hypotonia market due to well-established technology, high health care spending, growing patient population, and growing government support for research & development activities. Also, the increase in R&D activities that are likely to take place in the forecast period, and the presence of key players have driven the growth of the hypotonia market in this region over the review period.

Europe is assessed as the second largest market share in the global hypotonia market due to government support for research & development activities for the treatment options and accessibility of funds for research. This is likely to continue to fuel the European market for hypotonia over the forecast period. The developed economies of the region, such as Germany and France, are also expected to increase investments in the healthcare sector and are likely to focus more on hospital infrastructure.

The Asia Pacific is the fastest growing hypotonia market due to the presence of rapidly developing healthcare technology, high healthcare expenditure, and huge patient population in the region. Furthermore, the ever-increasing patient population in countries like India, Japa, and South Korea are possible to develop as the fastest-growing markets for hypotonia across the globe. Also, growing demand for quality medical devices in the healthcare sector is expected to lead the usage of progressive equipment, which, in sequence, may surge the market growth in this region.

On the other hand, the Middle East & Africa holds the smallest market share of the hypotonia market due to low availability of expenditure, and deprived political conditions in certain regions of Africa along with limited medical facilities.

Key Players

The key players identified in the market are EnteroMedics Inc. (U.S.), LivaNova PLC (U.K), ImThera Medical (U.S.), ElectroCore Medical LLC (U.S.), Cyberonics, Inc. (U.S.), Boston Scientific Corporation (U.S.), NeuroMetrix, Inc.(U.S.), and Inspire Medical Systems, Inc.(U.S.), and others.

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Oral Cancer Treatment Market Size Analysis by Growth Application, Segmentation and Forecast to 2023

Oral Cancer Treatment Market Research Report, By Type (Squamous Cell Carcinoma, Minor Salivary Gland Carcinomas), By Treatment (Surgery, Radiotherapy, Chemotherapy), By End Users (Research Organization, Academic Institutes) – Global Forecast till 2023

Regional Analysis:

By region, the global Oral Cancer Treatment Market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is projected to lead the global market owing to the exponentially rising patient population. The region is also witnessing a drastic rise in cancer expenditure which is forecasted to favor the expansion of the oral cancer treatment market in the region. Europe is the second-largest market for oral cancer. Rising investments in research & development are anticipated to fuel the growth of the oral cancer treatment market in the region. Asia Pacific has been projected to expand at the highest CAGR over the assessment period. The Middle East & Africa is poised to retain the least share of the market in the forthcoming years.

Oral Cancer Treatment Market Synopsis:

The treatment for oral cancer is a prime area of research as it is generally discovered late in its development. Industry leaders are emphasizing on the development of more effective diagnosis. Market Research Future (MRFR) has found out in its latest study that the global oral cancer treatment market is anticipated to exhibit a CAGR of 7.1% during the forecast period 2019 to 2023. The need for early detection of oral cancer is expected to boost the revenue growth of the market in the years to come.
The increasing burden of the disease is poised to catapult the oral cancer treatment market on an upward trajectory in the nearby future. As per the statistics presented by the Oral Cancer Foundation, 53,000 Americans are estimated to be diagnosed with oral or oropharyngeal cancer in 2019. Habits such as tobacco addiction trigger the rising risk of developing oral cancer. Increasing cases of smoking addiction are anticipated to propel the expansion of the oral cancer market in the forthcoming years.
The rising healthcare expenditure is likely to influence the growth pattern of the market positively over the next couple of years. On the contrary, the risk of recurrence of the disease, coupled with the adverse effects associated with the treatment, remains an impediment to market growth. In addition, the high cost of the treatment is expected to check the proliferation of the oral cancer treatment market across the review period.

Market Segmentation:

The global oral cancer treatment market, by type, has been segmented into verrucous carcinoma, squamous cell carcinoma, lymphomas, minor salivary gland carcinomas, and others.
On the basis of treatment, the oral cancer treatment market has been segmented into surgery, chemotherapy, radiotherapy, photodynamic therapy (PDT), and others. The surgery segment is further sub-segmented into glossectomy, tumor resection, Mohs micrographic surgery, laryngectomy, and others. The chemotherapy segment has been sub-segmented into carboplatin, cisplatin, 5-fluorouracil (5-FU), and others.
Based on end-users, the global oral cancer treatment market has been segmented into hospitals & clinics, academic institutes, research organization, and others.

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Competitive Tracking:

The key players participating in the global oral cancer treatment market are Qilu Pharmaceutical Co., Ltd. (Asia Pacific), Bristol-Myers Squibb Company (U.S.) Teva Pharmaceutical Industries Ltd. (Israel), F. Hoffmann-La Roche Ltd (Europe), Eli Lilly and Company. (U.S.), Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), and Novartis AG (Europe).

Industry News:
In May 2019, Bristol-Myers Squibb Company, an American pharmaceutical company, participated in the UBS Global Healthcare Conference.
In January 2019, an American pharmaceutical company, Bristol-Myers Squibb Company, announced its plan of acquiring Celgene Corporation, an American biotechnology company, for creating a premier innovative biopharma company.

In September 2018, Qilu Pharmaceutical, a leading pharmaceutical company in China, announced the receipt of FDA approval for Palonosetron HCl Injection (2.5mg/5ml), a generic Aloxi® Injection, which is used in the treatment and prevention of chemotherapy-induced vomiting and nausea.

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Embolization Particle Market Research Forecast, Regional, Trends and Analysis to 2023

Embolization Particle Market Information: By Product Type (Radioembolization & Drug Eluting Beads), Application, (Oncology, Peripheral Vascular Disease, Neurology), Level of Occlusion (Proximal) End User (Hospitals & Clinics) – Global Forecast till 2023

 

Market Research Future (MRFR), in its recently published market forecast asserts that the global Embolization Particle Market will register a striking CAGR of 9.64 % throughout the forecast period (2017 – 2023) garnering accruals of USD 1,909.76 Mn. by 2023.

 

Embolization Particle is a minimally invasive therapy used in many procedures as a part of interventional radiology. Embolization is used to stop bleeding as well as to treat tumors that cannot be removed by surgery by stopping its blood supply. The invention of Embolization Particle in therapeutics has offered some exciting possibilities. While Embolization can also be used with ablation, it may not be a good option for some patients whose liver has been damaged by diseases such as cirrhosis or hepatitis.

 

The use of Embolization in the field of medicine as a whole has revolutionized the way of diagnosis, treatment, and prevention. Hence, the market for Embolization Particle is blooming currently, with the growing prevalence of cases of tumors. The augmenting demand for noninvasive therapies predominantly drives the market growth.

 

Also, growing incidence of cancer and other metabolic diseases have fueled the growth of Embolization Particle market. Additional factors contributing to the market growth include the growing population, urbanization and improving economic conditions that are increasing access to the quality healthcare and quality of life of people.

 

On the other hand, unavailability of interventional neuroradiologists and interventional neuroradiology (INR) labs along with the lack of regulatory standards in the examination of Embolization Particle and higher cost of the treatment are some of the key factors impeding the market growth.

 

Nevertheless, constant technological development, increasing demand for the better treatment, along with the governmental support is expected to foster the market growth commutatively.

 

Global Embolization Particle Market Segmentation

 

Global Embolization Particle Market is segmented into five key dynamics for the convenience of understanding;

 

By Product Types             : Radioembolization and Drug Eluting Beads among others.

 

By Applications               : Oncology, Peripheral Vascular Disease, and Neurology among others.

 

By Levels of Occlusion      : Proximal and Distal among others. 

 

By End-Users                      : Hospitals, Clinics and ambulatory services among others.

 

By Regions                            :  North America, Europe, APAC and Rest-of-the-World.

 

The Radioembolization segment accounted for the largest market share in 2016 and is estimated to grow at 10.01% CAGR approx. during the forecast period from 2017-2023.

 

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Global Embolization Particle Market Regional Analysis

 

Globally North America leads the Embolization Particle market with the significant market share. The Market is expected to grow phenomenally from 2017 to 2023. Factors substantiating the market growth include the growing number of patients suffering from tumors coupled with the high healthcare expenditures, significant developments in the healthcare domain, and focus of research institutions on advent technologies for new and advanced diagnosis and treatment methods. Well-defined per capita healthcare expenditure is undoubtedly a key driving force behind the market growth in the region.

 

Moreover, the growing number of centers offering embolization particle therapy coupled with the availability of advanced infrastructures & devices, and availability of skilled healthcare professional contributions to the market growth in the region. The region is expected to reach the valuation of USD 703.13 Mn. by 2023.

 

The US, backed by the technological advances and availability of funding for the development of new therapeutics and treatment accounts for the major contributor to the market growth. Moreover, the presence of the well-established players also drives the market for Embolization Particle in this region.

 

Europe emerging as a lucrative market for Embolization Particle will expand with a phenomenal CAGR.  The resurging economy in the region is expected to foster the regional market growth.  Besides, availability of technologically advanced devices and the proliferation of quality healthcare along with the increasing healthcare cost mushrooms the growth of the market in the region.

 

Moreover, the accessibility of technology and increasing government support for the research and development support the market growth in the region. Also, factors such as the increasing prevalence of cancer among the population due to the changing lifestyle and the growing emphasis on rapid diagnosis and treatment of cancer substantiate the growth of the market in this region.

 

Asia Pacific market for the Embolization Particle is expected to perceive the fastest growth by 2023 registering a CAGR of 10.11% from 2017 to 2023. India and China backed by the huge population, and the availability of low-cost therapies will lead the regional market. Moreover, the fastest growing healthcare sector coupled with the large unmet needs over the forecast period will provide impetus to the market growth.

 

Vietnam, Thailand, and Malaysia among other South East Asian countries are projected to contribute significantly to the regional market growth. Besides the growing penetration of healthcare insurance along with the increase in the demand for various diagnosis & treatment methods, is expected to drive the Embolization Particle market in the in the Asia Pacific region.

 

Global Embolization Particle Market Competitive Analysis  

 

Key Players are actuated to bring innovations in the therapy with minimum adverse effects, as well as to target emerging applications to leverage growth opportunities. They are focusing on R&D in order to develop the therapy further.

 

Key Players:

 

Market players driving the global embolization particle market include Guerbet, Boston Scientific Corporation, BTG International Ltd, Sirtex, Medtronic, Merit Medical, and Terumo. Profiling them in its analysis MRFR finds the strategies helping them to stay at the forefront of competition.

 

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Absorbable Heart Stent Market: Market Segments, Dynamics, Size, Supply & Demand, Current Trends and Forecast 2025

Absorbable Heart Stent Market Research Report: Information by Material (Metal and Polymer), Application (Coronary Artery Disease and Periphery Artery Disease), End-Use (Hospitals and Clinics, Cardiovascular Centers, Research Institutes and Organizations and Others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Forecast till 2025

 

Market Analysis 

 

The Global Absorbable Heart Stent Market is predicted to grow at a 9.6% CAGR between 2017-2023, states the latest Market Research Future (MRFR) report. Absorbable Heart stents are meant for patients with relatively noncomplex blockages and low risk. It gets dissolved in the body with time and its possible advantages include fewer risks compared to traditional metal stents and reduced repeat procedures. Absorbable stents are generally made of polymers or metals. The metallic stents are generally made of iron and its alloys, iron, magnesium, and zinc. Of the two, the polymeric stents are widely used for their ability to maintain a strong scaffold.

 

Various factors are propelling the absorbable heart stent market growth. Some of these factors, as per the latest Market Research Future report, include increasing psychological and physical stress, changing lifestyle, rising number of cardiac procedures, rise in patient pool, and burgeoning demand for absorbable heart stents. Additional factors propelling the absorbable heart stent market growth include technological advancements in heart stents, rising incidence of cardiac diseases, lack of physical exercise, and increasing unhealthy habits.

 

On the contrary, the high cost of cardiac surgery and the price of stents in some developed countries are factors that may hamper the absorbable heart stent market growth during the forecast period.

 

Market Segmentation 

 

The MRFR report provides an all-inclusive segmental analysis of the absorbable heart stent market on the basis of end use, application, and material.

By material, the absorbable heart stent market is segmented into polymer and metal. Of these, the polymer segment will lead the market over the forecast period owing to the rising applications as well as the use of stents that are polymer-based.

 

By application, the absorbable heart stent market is segmented into periphery artery disease and coronary artery disease. Of these, the coronary artery disease segment will dominate the market over the forecast period due to the increasing incidence of coronary diseases in geriatric individuals.

By end use, the absorbable heart stent market is segmented into research institutes and organizations, cardiovascular centers, hospitals and clinics, and others. Of these, hospitals and clinics will have the maximum share in the market during the forecast period owing to the increasing risk of peripheral artery disease and coronary artery disease coupled with a growing number of heart surgeries.

 

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Regional Analysis

 

By region, the absorbable heart stent market report covers the latest trends and growth opportunities across the Americas, the Middle East and Africa, Europe, and the Asia Pacific. Of these, the Americas will spearhead the absorbable heart stent market during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include increasing use of absorbable heart stents by healthcare physicians, preference of patients for minimally invasive therapies, increasing prevalence of chronic diseases, and favorable initiatives undertaken by the government for healthcare reforms. Canada and the US are the chief contributors in this region owing to the rising geriatric population suffering from obesity and diabetes, greater healthcare penetration, good reimbursement rates, and the presence of good hospitals, especially in the developed countries of the region.

 

In Europe, the absorbable heart stent market is predicted to have the second-largest share during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include the prevalence of peripheral artery disease (PAD) and coronary artery disease CAD), a huge patient pool, increasing healthcare penetration, and expanding medical devices industry. Germany is the main contributor in this region owing to the presence of a huge medical device industry, followed by France.

The absorbable heart stent market in the APAC region is predicted to experience faster growth during the forecast period. Factors pushing the growth of the absorbable heart stent market in the region include increasing incidence of chronic diseases, especially cardiovascular disease, large unmet needs, growing healthcare sector, and development of healthcare infrastructure. China, as well as India, are the chief contributors in this region.

 

The absorbable heart stent market in the MEA is predicted to have a substantial growth owing to the increasing use of surgical treatments for cardiovascular diseases.

 

Key Players 

 

Notable players profiled in the absorbable heart stent market report include Meril Life Sciences Pvt. Ltd, Terumo Medical Corporation, Medtronic, Boston Scientific Corporation, KYOTO MEDICAL PLANNING Co., Ltd., Braun Melsungen AG, Elixir Medical Corporation, REVA Medical, Inc., Biotronik, and Abbott Laboratories. Key players have incorporated different strategies to create a niche in the market, such as joint ventures, research, and development activities, collaborations, expansions, mergers and acquisitions, and more.

 

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