healthcare medical device: December 2020

Monday 21 December 2020

Patient Engagement Solutions Market Research Forecast, Regional, Trends and Analysis to 2023

Data collated by Market Research Future regarding PATIENT ENGAGEMENT SOLUTIONS MARKET unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the PATIENT ENGAGEMENT SOLUTIONS MARKET.

Patient engagement solutions are software used in engaging patients as per their convenience and retain them for future visits. Solutions ranging from online scheduling to virtual visits are gaining prominence in the overburdened healthcare sector. The global patient engagement solutions market report by Market Research Future (MRFR) contains in-depth analysis of its drivers, restraints, and opportunities for the period of 2019 to 2025 (forecast period). The sudden outbreak of the COVID-19 virus and its impact has been integrated into the final report with its effect on financial dealings, operations, and new policies.

Market Scope The global Patient Engagement Solutions Market size is expected to reach a value of USD 42,600 million by 2025. It is expected to display a CAGR of 18.90% over the forecast period. The shift from conventional models to digitization is predicted to be the major driver of the market. Hospitals and other healthcare organizations and their decisions to digitize patient records, billing information, and other pertinent files can work in favor of the market. This has led to a surge of investments in the healthcare IT sector.
Government policies encouraging the use of healthcare IT software is predicted to drive the market demand. Rise of chronic diseases and the subsequent establishment of healthcare facilities to combat the surge of cases can work favorably for the market. According to the analysis by MRFR, nearly 117 million people in the region of Americas will be affected by some form of chronic disease.

But high capital required for infrastructure of patient engagement can hamper the market growth.

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Segmentation

The global patient engagement solutions market is segmented by component, delivery mode, therapeutic area, application, and end-user. By component, it is segmented into hardware, software, and service. Software is the largest segment of the market due to its capacity to present and retain accurate, unbiased, and relevant data. The access of the software to patient databases which can offer data seamlessly to both clinicians and patients will drive the segment demand and growth till 2025. Service is the second-largest segment owing to the need for installation, maintenance, and compatibility of software. Lastly, the hardware segment held the least share in the global patient engagement solutions market. By delivery mode, it is segmented into cloud-based, web-based, and on-premise. The cloud-based segment has capture the largest share of the market and predicted to dominate till the end of the forecast period. The software is installed by the vendor and accessed by users through the Internet.
By therapeutic area, it is segmented into women’s health management, fitness management, chronic disease, and others. Among them, the chronic disease segment is expected to net huge revenues for the global patient engagement solutions market. Rising prevalence of chronic diseases and increasing awareness about patient engagement solutions can foster segment growth in the market in the coming years. On the other hand, fitness management is anticipated to be the fastest-growing segment during the forecast period. By application, it is segmented into home health management, health management, social management, and financial health management. Health management is likely to hold the largest market share owing to increasing focus on patient care. The sudden outbreak of the COVID-19 virus has brought healthcare IT technologies to the forefront and its need in catering to large volume of patients. On the other hand, home health management is predicted to register the highest CAGR during the forecast period. By end-user, it is targeted at individual users, healthcare payers, hospitals and healthcare providers, and others.

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Regional Analysis

Geographically, the global patient engagement solutions market covers the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). The Americas is the largest regional market. Huge relief packages announced amid the COVID-19 for public testing and healthcare infrastructure are expected to foster the demand for healthcare IT solutions. In addition, reimbursement schemes, prevalence of chronic diseases, and need for systems to lower costs to hospitals and offer benefits to healthcare payors are major factors driving market growth. Europe is expected to generate significant revenues for the global patient engagement solutions market due to investments in new technologies such as artificial intelligence, mHealth, and big data analytics. Launch of new software which are compatible with existing operating systems and the shift to preventive care models can drive the trajectory of the market in the region. APAC is expected to grow at a rapid pace over the forecast period. This can be attributed to the world’s largest population and a fast-developing healthcare sector.

Competition Outlook

Orion Health Ltd, Cerner Corporation, Athenahealth, Inc., Aetna Inc., Lincor Solutions, Welvu, Get Real Health, Allscripts Healthcare Solutions, Inc., Oneview Ltd, Medecision, Inc., McKesson Corporation, and IBM are major players operating in the global patient engagement solutions market. Mergers and acquisitions are prime strategies incorporated by these players to increase their reach and expand their customer base.

G Protein Coupled Receptors Market: Overview by Types, Application, Key Players, Regional Outlook, Market Drivers & Restraints 2025

The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders, including their product offerings and business strategies.

The global market for G-protein coupled receptors has been segmented based on the product, assay type, and application.As per Market Research Future (MRFR) analysis, the global G Protein Coupled Receptors Market is expected to reach USD 3,100 million with a CAGR of 7.1% CAGR from 2017 to 2024 (forecast period).

G-protein coupled receptors (GPCRs), also referred as seven-transmembrane domain receptors, 7-TM receptors, serpentine receptors, heptahelical receptors, and G-protein-linked receptors (GPLRs), are a broad family of receptor proteins that detect molecules outside the cell and enable internal signal transduction pathways and, ultimately, cellular responses. Coupled with G proteins, they are called seven-transmembrane receptors because they pass across the cell membrane seven times.

Market Dynamics The growth of the global market for G-protein coupled receptors (GPCR) is driven by a variety of factors, such as increased use of G-protein combined receptors in drug disclosure and advancement forms, and an increase in the number of drugs in clinical and preclinical studies targeting these receptors. However, the high cost of maintaining GPCR cell lines and strict government policies is expected to reduce the global market growth for G-protein coupled receptors.

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Segmentation

The global market for G-protein coupled receptors has been segmented based on the product, assay type, and application. Based on the product, the market has been divided into cell lines, detection kits, cell culture reagents, ligands, and others. The segment for detection kits are plausible to be the fastest during the evaluation period as they are ready to use kits that include all cells and reagents to conduct functional GPCR assay in live cells, thereby pushing the growth of the global G protein coupled receptor market.
Based on assay type, the global G-protein coupled receptor market has been segmented into functional calcium assays, cGMP assays, internalization assays, GTP gamma S binding assays, cAMP functional assays, ß-Arrestin Functional Assays, and others. Calcium functional assays are the strongest segment, with numerous advantages, such as user configurability and ease in estimating calcium flux, thereby driving this segment’s growth in the GPCR market. Based on the application, the global G protein coupled receptors market has been segmented into the cardiovascular system, oncology, respiratory system, immunology, central nervous system, and others. The cardiovascular system is a significant segment of angiotensin II, and β-adrenergic receptors provide treatment for a wide variety of cardiovascular disorders, such as heart failure. Nearly 17.9 million people die every year from cardiovascular disease, therefore increasing the G-protein coupled receptor market.

Regional Analysis

Regionally, the market for G-protein coupled receptors has been divided into the Americas, Europe, the Asia Pacific, and the Middle East Africa. The Americas is estimated to be the leading market due to the presence of a large number of approved drugs targeting G-protein coupled receptors. The market for G-protein coupled receptors in the Americas was further divided into North America and Latin America, with the North American market divided into the United States and Canada.

The European G-protein coupled receptor market has been classified as Western Europe and Eastern Europe. The Western European market has also been classified as Germany, France, the United Kingdom, Italy, Spain, and the rest of Western Europe. The market for G-protein coupled receptors in the Asia Pacific has been segmented into China, Japan, South Korea, India, Australia, and the rest of the Asia Pacific. The number of approved drugs targeting GPCRs has propelled the growth of the G-protein coupled receptor market and is projected to be the fastest-growing market in the Asia Pacific. The market for G-protein coupled receptors in the Middle East and Africa has been divided into the Middle East and Africa.

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Key Players Some of the major participants in the global G protein coupled receptor market are Thermo Fisher Scientific, Inc., Cisbio, Abcam PLC, PerkinElmer Inc., Merck Group, Promega Corporation, HD Biosciences Co., Ltd, QIAGEN, Enzo Life Sciences, and Inc.BD. Many industry players currently dominate the global G-protein coupled receptors industry. The leading players are involved in product launches and strategic alliances to reinforce their market positions.

NOTE: Our Team of Researchers are Studying COVID-19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering COVID-19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details.

Contact lenses Market: In-Depth Analysis on Market Dynamics, Segmentation & Emerging Growth Factors

The report also includes detailed abstracts about statistics, revenue forecasts and market valuation. The report also offers a detailed analysis on the competitive landscape of the market.

According to Market Research Future (MRFR), the global contact lenses market size is projected to increase to USD 12,330.46 MN by 2025. In its recent contact lenses market analysis, MRFR asserts that the market would register approximately 5.70% CAGR during the assessment period (2016 – 2025).

The global Contact lenses Market witnesses a constant rise in terms of size and revenues. The market growth attributes to growing refractive issues related to eyesight among people. Besides, the growing prevalence of disorders such as myopia, hyperopia, astigmatism, and presbyopia drive the growth of the market. Over recent years, these disorders are prevailing at a rapid pace, mainly due to the rising cases of vitamin A deficiency and accidents.

Also, a general notion among people that wearing spectacles might negatively affect their appearance escalates the market growth to furthered height. The flexibility that contact licenses offer is a key driving force that not only encourages preference but also increases the popularity of contact lenses among people. Unlike spectacles, contact lenses move with eyeballs, which allows a natural field of view and considerably reduces distortions.
Moreover, contact lenses do not fog up or get splattered by mud or rain, which makes them excellent for sports and other physical activities. Contact lenses have evolved dramatically with increasing technological advances. Technological innovations have significantly improved functionalities of contact lenses, making it more viable than ever. Furthermore, socio-cultural factors like the influence of fashion, media & film industry, and peer pressure substantiate the market demand exponentially. The rising global economy is a key factor in boosting the market growth, increasing consumer purchasing power, and quality of life.
On the other hand, contact lenses are considerably expensive than spectacles. The high cost is a significant growth restraining factor for the contact lenses market. However, the good news is that with technological innovations, contact lenses are becoming cheaper day by day. These rapidly dropping prices of contact lenses would act as a major tailwind for the market growth throughout the anticipated period. Also, massive demand from the fashion industries would increase contact lenses market share.

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Contact Lenses Market – Segmentations

The report is segmented into five dynamics; By Wear Type : Disposable Lenses, Daily Disposable Lenses, Conventional Lenses, and Frequent Replacement Lenses. By Type : Therapeutic Lenses, Corrective Lens, and Cosmetic & Lifestyle Oriented Lenses. By Material : Methacrylate Hydrogel Soft Contact Lens, Gas-Permeable Contact Lens, Silicone Hydrogel Soft Contact Lens, and others. By Design : Toric Lens, Spherical Lens, Multifocal Lens, and others. By Regions : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.

Contact Lenses Market – Regional Analysis

North America leads the global contact lenses market. Market share attributes to the growing vision problems and other eyesight affecting diseases & disorders. Moreover, increasing the mid-age populace and rising vision problems in youngsters support regional market growth. Eyesight problems usually arise with the growing age. Youngsters in the region are more self-conscious about their appearance. Besides, the presence of major industry players in the region, along with their expansion strategies and product launches, is a significant driving force for the market growth. The North American contact lenses market is estimated to retain its leading position in the global market throughout the assessment period. Europe accounts for the second-largest share in the global contact lenses market. Market growth is driven by rising R&D activities and new product approvals. Also, prevailing eyesight-related disorders and other eye diseases, along with the growing number of middle-aged populations, foster the growth of the market in the region. The increasing focus of industry leaders to expand their business in Europe drives market sales. Furthermore, well-spread awareness about eye care drives the regional market growth excellently. The European contact lenses market is assessed to grow further at 6.02% CAGR during the forecast period. The Asia Pacific contact lenses market is becoming a promising market, growing rapidly. Factors such as increasing occurrences of ocular diseases and the increasing availability of cost-completive contact lenses ranges drive the regional market growth. Besides, large untapped markets and unmet clinical needs among demographics demonstrate huge growth potential. Highly populated countries India and China, with the spreading awareness about eye care, fuel the growth of the market, attracting global players. The APAC contact lenses market is projected to grow significantly over the review period.

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Global Contact Lenses Market – Competitive Analysis

The contact lenses market appears highly competitive and fragmented due to the presence of several well-established players. To gain a larger competitive share, industry leaders incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch. They make substantial investments to drive R&D to develop technologically advanced contact lenses and expand their global footprint.
Major Players: Leaders of theglobal contact lenses market include Novartis AG, CooperVision, Inc., Bausch Health, Johnson & Johnson Services Inc., Seed Co. Ltd, Hoya Corporation, Neovision Co, Ltd, Oculus Private Limited, Menicon Co., Ltd, Camax Optical Corp., and St. Shine Optical Co., Ltd., among others.

Industry/Innovation/Related News:

June 03, 2020 — ABB Optical Group, LLC (the US), a leading optical products, services, and business solutions provider, announced its distribution services in Canada. ABB is a leading provider of optical products and business solutions in the eyecare industry. It is a leading authorized distributor of all major soft contact lens manufacturers and the industry’s foremost manufacturer of custom soft and gas-permeable contact lenses in America. Now, ABB has commenced the distribution of contact lenses to Canadian eyecare professionals. It brings distribution services of the four major soft contact lens manufacturers to Canadian ECPs. Offering them access to the extensively consolidated inventory in Canada, ABB would enable them to ship directly to patients’ homes. This Single-source distribution would allow ECPs to improve efficiencies in their practice, leading to improved patient care, satisfaction, and retention.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering Covid-19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details.

Immunosuppressive Drugs Market Expected To Reach At A Highest Growth During Forecast Period 2025

Market Analysis

The Immunosuppressive Drugs Market is anticipated to touch USD 1.39 billion at a 4.63% CAGR between 2019- 2025, according to the new report by Market Research Future (MRFR). Immunosuppressive drugs, simply put, are antirejection medicines that prevent or obstruct the activity of the immune system. IMDH inhibitors, mTOR inhibitors, antiproliferative agents, corticosteroids, calcineurin inhibitors, and others are the different types of immunosuppressive drugs.

Various factors are adding to the global immunosuppressive drugs market growth. According to the new MRFR report, such factors include burgeoning demand for immunosuppressant drugs for kidney transplant and immunosuppressive therapy for cancer, rising cases of organ failure with the growing need for immunosuppressive therapy, and growing prevalence of autoimmune diseases. On the contrary, high transplantation procedure cost, coupled with the side effects of taking immunosuppressant drugs for kidney transplant are factors that may limit the global immunosuppressive drugs market growth over the forecast period.

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Market Segmentation

The MRFR report gives an inclusive segmental analysis of the global immunosuppressive drugs market report based on end user, application, route of administration, and drug type. By drug type, the global immunosuppressive drugs market is segmented into IMDH inhibitors, mTOR inhibitors, antiproliferative agents, corticosteroids, calcineurin inhibitors, and others. Of these, calcineurin inhibitors will lead the market over the forecast period for its high efficacy. This will be followed by the corticosteroids segment, which is predicted to grow at a fast pace for its increasing preference by medical professionals. By route of administration, the global immunosuppressive drugs market is segmented into oral, intravenous, and others. Of these, the intravenous segment will dominate the market over the forecast period. By application, the global immunosuppressive drugs market is segmented into organ transplants, autoimmune disease, and others. Of these, the autoimmune disease will have a major share in the market over the forecast period. By end user, the global immunosuppressive drugs market is segmented into organ transplant centers, hospitals and clinics, and others. Among these, hospitals & clinics segment will spearhead the market over the forecast period.

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Regional Analysis

Based on the region, the global immunosuppressive drugs market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. Large scale investments on research and development, technological advances, increasing cases of autoimmune diseases, and a growing number of organ transplants annually are adding to the global immunosuppressive drugs market growth in the region. The global immunosuppressive drugs market in Europe is predicted to have the second-largest share over the forecast period. Rising cases of autoimmune diseases in Western Europe, coupled with the growing number of transplants are adding to the global immunosuppressive drugs market growth in the region. The global immunosuppressive drugs market in the APAC region is predicted to grow at a high CAGR over the forecast period. An increase in medical tourism, the presence of established healthcare industry, and a high population are adding to the global immunosuppressive drugs market growth in the region. With coronavirus cases mounting with each passing day, immunosuppressive drugs such as tocilizumab or atlizumab is being tried on COVID-19 patients who are at high risk. The global immunosuppressive drugs market in the MEA is predicted to have a small share over the forecast period for an underdeveloped organ transplant market and low cases of autoimmune diseases.

Key Players

Eminent players profiled in the global immunosuppressive drugs market report include Zydus Cadila (India), Actavis, Inc. (US), Pfizer Inc. (US), Novartis AG (Switzerland), Mylan Laboratories Inc. (US), Glenmark Pharmaceuticals, Inc (India), Bristol-Myers Squibb Company (US), GlaxoSmithKline PLC (UK), Genzyme Co. (US), F. Hoffmann-La Roche AG (Switzerland), Astellas Pharma (Japan), and Accord Healthcare (US).

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering Covid-19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details.

Growth of Healthcare BPO Market Projected to Amplify During 2017-2023

The Healthcare BPO Market report presents significant details concerning market size, market share, and profit estimations to offer a panoramic view of the global market space. Moreover, this report enunciates on an accurate competitive analysis emphasizing growth strategies devised by key players.

Healthcare BPO Market Share, Growth And Industry Trends By Services (Pharmaceutical Service, Payer Services And Provider Services) And Region (Americas, Europe, Asia-Pacific And The Middle East & Africa) – Forecast Till 2023

Market Outlook
The global Healthcare BPO Market size is bound to touch USD 449,623.8 million by 2024. It is expected to display 12.3% CAGR over the forecast period. It is driven by the emphasis placed on patient care and need to curb healthcare expenses. For instance, the healthcare expenditure in the U.S. had reached USD 3.6 trillion in 2018. The need to lower spending and curtail expenses of surgeries as well as lower operating expenses can bode well for the market.
Rising patient inflow, increasing recovery audits, and need for minimizing critical mistakes are other factors which can induce the demand for healthcare BPOs. Emergence of various hospitals and their need to reduce reliance on government funds and improve their bottomline margins can drive the need for outsourcing services. Development of bots and virtual assistants to handle queries of patients can reduce the load of workers and assist them in focusing on pertinent tasks.
Scope of the Report
Healthcare business process outsourcing (BPO) companies are involved in handling the non-core or supportive work of healthcare companies. These include pharmaceutical and biopharmaceutical companies. Medical coding and billing, claims processing, and data entry services are 3 major services conducted by healthcare BPO firms. The global healthcare BPO market looks at the factors and challenges of major healthcare organizations and its prospects for the period of 2019 to 2024 (forecast period).
Segmentation
Based on services, the global healthcare BPO market has been segmented into pharmaceutical service, payer services, and provider services. The pharmaceutical services need to scale its services by focusing on patient care and development of innovative technologies with the help of machine learning and artificial intelligence. The focus on research and development would require data analytics which can assist companies in making decisions pertaining to vaccines, drugs, and other potential launches.

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Regional Analysis
The global healthcare BPO market, based on region, is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas are expected to lead the market owing to the need to curtail unnecessary overhead expenses in hospitals. Complex payor systems and long patient queues for processing of claims can drive the need for outsourcing services in the U.S. The need to provide high-volume services and requirement of capital for upgradation of hospital infrastructure can bode well for the global market in the coming years.
North America will generate the maximum revenue for the Americas healthcare BPO market.Europe accounted for 21.1% share of the global market. The well-developed healthcare infrastructure, disposable income levels of patients, and digital disruption are major factors bolstering market demand. Minimizing critical mistakes is a pivotal factor of the market with companies adhering to latest regulations set by medical boards such as HIPAA.
Poor processing of bills has led to losses which have culminated in shutdown of hospitals. Furthermore, training services provided to employees with regards to updates of latest technologies can augur favorably for the market.
APAC seems to be lucrative for the global healthcare BPO market owing to heavy investments from healthcare firms. Cost-efficiency measures undertaken by these firms for lowering the percentage of mistakes and reducing overhead expenses can lead to massive setups by parent healthcare organizations. India seems to contribute the maximum to the industry owing to their efficient training programs and skilled workforce. Adoption of medical transcription services and development of software applications which are compliant with regulations of international hospitals can augur favorably for the market.

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Competition OutlookHealthcare BPO companies currently operational include Sykes, HCL, Cognizant, ACCENTURE, IBM, QUINTILES, and INFOSYS.

Insulin Pumps Market to Reflect Impressive Growth Rate During 2017 to 2023

Scope of the Report

As per Market Research Future (MRFR) analysis, the global Insulin Pumps Market is anticipated to reach USD 8,520.9 Million with a CAGR of 8.4% CAGR from 2017 to 2023 (forecast period). Insulin pumps are medical devices used in dispersing doses of insulin at specific intervals to diabetic patients. They are connected to the patient's body and the insulin is delivered through a catheter inserted under the skin. These pumps are considered to be an adequate substitute for injections due to their improved blood glucose control. The global insulin pumps market report contains useful insights, trends, and opportunities for the forecast period. The impact left by the COVID-19 pandemic and its aftereffects on production and manufacture of insulin pumps are explored.

Market Dynamics The global insulin pumps market is primarily driven by the large diabetic populace. The exorbitant costs for insulin shots and the frequent hospital visits are likely to drive the demand for insulin pumps. According to the World Health Organization (WHO), 347 million people were diagnosed with diabetes in 2008. Similarly, as per the International Diabetes Federation (IDF) around 384 million people had diabetes in 2013, and the number expected to rise to 592 million by 2035. Emergence of insulin pump therapy for diabetics can be opportune for the market. The inclination towards home care and its preference by the elderly are expected to positively impact the global insulin pumps market. COVID-19 is a respiratory disease caused by SARS-CoV-2 coronavirus. The current pandemic caused by the COVID-19 virus has had an enormous impact on the medical device industry. COVID-19 has increased the need for protective equipment and the attention. In order to lower the mortality rate in diabetics, insulin firms are taking steps in ensuring a seamless shopping experience online.

Availability of mobile applications for checking insulin levels, reminders on insulin intake, and alerts on shortage or refills can bode well for the global insulin pumps market growth till 2023.

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Segmentation

The global insulin pumps market has been segmented by type, accessories, application, and end-user. Based on type, the global market is divided into traditional insulin pumps and disposable insulin pumps. The traditional insulin pump segment was the largest in the world and held a value of USD 2.696.9 million in 2016. Traditional insulin pumps have an insulin container and a pumping mechanism placed attached to the body. On the other hand, disposable insulin pumps are worn directly on the body. Such insulin patch pumps have a pumping system, a container, and an infusion, all packed in a small case. These patch pumps administer insulin at the push of a button and gain a larger share in the coming years due to its convenience. Accessories in the market are infusion sets, insulin reservoirs, and infusion set insertion devices. Based on the application, the market for insulin pumps is divided into type I diabetes and type II diabetes. Based on the end-user, the global demand for insulin pumps is segmented into laboratories, hospitals & clinics, and home care centers. The hospital & clinic segment is poised to hit a value of USD 3.908.8 million by 2023. This can be attributed to the facilities acting as the primary point of care for diabetics.

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Regional Analysis

Based on the region, the global insulin pumps market is segmented into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). North America is expected to be the largest market for insulin pumps. This can be attributed due to the presence of various insulin device manufacturers and pharmaceutical companies, state-of-the-art healthcare infrastructure, and rapid adoption of new products and treatments. The APAC region is anticipated to be the fastest-growing in the global insulin pumps market due to increasing healthcare costs and the rapidly expanding healthcare sector. Demand is higher in high-income nations, but the market is heading towards developing and emerging Asian economies, such as China and India. A large geriatric populace, high numbers of diabetics, wireless pumps, and development of mobile applications for tracking insulin levels are other factors expected to drive the regional insulin pumps market growth.

Key Players The leading participants in the global insulin pumps market are Abbott Laboratories, F. Hoffmann-La Roche AG, Insulet Corporation, Becton, Dickinson and Company, Braun Melsungen AG, Medtronics, and Sanofi.

CBD Oil Market Size Analysis by Growth Application, Segmentation and Forecast to 2024

The latest report on CBD Oil Market collated by Market Research Future, offers a deep dive into market dynamics, size, revenue estimations and growth rate.

Overview:

The global CBD Oil Market is on track to register a valuation worth USD 3782.32 million by 2024, with a CAGR of 38.45% during the forecast period covering 2019 to 2024. Market Research Future (MRFR) predicts and discusses prospects in their report in detail to facilitate understanding of steps that would further increase CBD oil market value.

Market Drivers and Restraints: An increasing number of participants from diverse countries, growing legalization of the product in different countries, relaxation in laws, acceptance in the healthcare sector for use on human beings and animals, rising number of FDA approvals, increasing expenditure to promote research and development sector, recent positive results in the treatment of epilepsy and cancer, and others are expected to make sure that the market stays on the right track of growth. However, the global CBD oil market analysis may find it difficult with the apprehensions FDA and other regulatory bodies still have about the product. Legal usage of the oil is limited due to this and it can hamper CBD oil market growth.

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Segmentation: The global market report on the CBD oil has been segmented on the basis of type and application. These two segments have several factor-based analysis and charts to support the claims made in the report. By type, the global study on the CBD oil market has been segmented on the basis of hemp-derived and marijuana-derived. The hemp-derived segment has better market valuation and a higher CAGR for the forecast period. By application, the study includes the cosmetics industry, food industry, pharmaceuticals, and others. The cosmetic industry is expected to produce the fastest CAGR during the forecast period.

Regional Analysis: The Americas is leading the global CBD oil market size with countries like the US and Canada impacting the global space significantly. In Europe, the market will benefit from countries like the Netherlands, Belgium, and others where the consumption of such products is higher. In Asia Pacific, India, China, Japan, and South Korea will impact the market the most.

Competitive Landscape: The global market for CBD oil is expected to benefit from strategic moves like mergers, collaborations, innovations, better research funding, and others. Influential companies like Freedom Leaf, Inc. (US), Aphria Inc. (Canada), Folium Biosciences (US), ENDOCA (Netherlands), Green Roads of Florida, LLC (US), Charlotte’s Web Holdings, Inc. (US), Medical Marijuana, Inc. (US), Canopy Growth Corporation (US), CBD American Shaman (US), CV Sciences, Inc. (US), Curaleaf Holdings, Inc. (US), Aurora Cannabis (US), MedMen Enterprises Inc. (US), Absolute Terps (US), NuLeaf Naturals (US), Pharmahemp (Slovenia), Whistler Medical Marijuana Corporation (Canada), Kazmira LLC (US), HempLife Today (US), Emblem Cannabis (Canada), and others will make sure that the market reaps the maximum benefit of it. MRFR recorded changes in great detail to understand how the market stands to benefit from the impact of these companies.

Industry News: In June 2020, Nextleaf Solutions Ltd., a well-known brand from Canada as an innovative cannabis extractor, announced that it had received several patents from various regions like North America, Asia, and Europe. These additional patents will cover countries like the United States, Poland, Malta, Ireland, Spain, Portugal, Denmark, and Cambodia. The jurisdiction includes these regions but is not limited to these parts. The company will explore possibilities using the unique method of extracting and separating cannabinoids and terpenes. In May 2020, WILD, by Nature from Clean CBD, announced that their new botanically-inspired CBD products contain absolutely no THC and rich with all-natural fruity flavors. The company functions from California and promises unique sensorial experiences. This experience will be guided by new CBD tinctures and portable CBD shots and these can be administered in single doses. It will be available online and with a few retailers in the US.

Inhalation Anesthesia Market Size, Share, Growing Growth Opportunities, Driving Factors With Top Players 2025

The Inhalation Anesthesia Market research report, presented by Market Research Future, elucidates relevant market insights that serve the best interest of both global and regional players.

Market Outlook The global inhalation anesthesia market is expected to reach a significant valuation by exhibiting a CAGR of 3.8% during the forecast period. The market size stood at USD 1.12 billion in 2018. The growing elderly populace is one of the biggest drivers of the market. The amount of surgeries affecting the elderly warrants the need for inhalation anesthesia. According to the World Health Organization (WHO), the numbers of the elderly can inflate from 12% to 22% by 2050.

Inhalation anesthetic agents are a group of chemicals used in induction and maintenance of anesthesia during surgery. They are preferred due to the precise control of the anesthesia and prevent the movement of the body. It is preferred for maintenance due to its low cost. The global Inhalation Anesthesia Market report contains useful insights, drivers, and challenges for producers of anesthetic agents during the period of 2019 to 2025 (forecast period). The report will take a comprehensive analysis of the industry and map the various strategies of players as well as the sustainable strategies undertaken by them to sustain during the forecast period.

Rise of emergency short stays at hospitals and ambulatory care centers is one of the biggest drivers of the market. Improvements in healthcare infrastructure, success in surgeries, and access to health insurance are other factors which will be critical to the global inhalation anesthesia market. Rising approvals of regulations, prevalence of cardiovascular and respiratory disorders, and inhalation of drugs can induce the procurement of inhalation anesthesia. Moreover, the need for the safe passage of drugs for inhalation during maintenance and induction can induce the need for inhalation anesthetics.

Concerns regarding greenhouse gas emissions can impede the market growth. But anesthesia recycling is expected to gain traction to overcome challenges portrayed by the prolonged use of these gases. Anesthesia recycling systems have been developed to collect anesthesia gases from hospital vents.

Segmentation The global inhalation anesthesia market is segmented by product and application. By product, it is segmented into sevoflurane, isoflurane, and desflurane. Sevoflurane had dominated the market in 2018 and pegged to continue till the end of the forecast period. This can be attributed to the usage in anesthesia induction and low cost. On the other hand, isoflurane is effective in low amounts and be passed via the lungs to lower hospital expenses. Major applications include induction and maintenance.

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Regional Analysis Regions covered with respect to the global inhalation anesthesia market are the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The Americas is estimated to lead the global market owing to the growing geriatric population. As per the data by the United Census Bureau, the U.S. populace can expand from 326 million in 2018 to 404 million by 2060. According to statistics by the World Health Organization (WHO), more than 20% of the population in the U.S. will comprise persons aged 65 and above by 2030. The spike in the number of surgeries can drive the demand for inhalation anesthesia. According to the American Society for Aesthetic Plastic Surgery, close to 1.5 million surgeries were conducted in 2017.

APAC can display a stellar growth rate during the forecast period owing to increased healthcare expenditure of nations, prevalence of chronic conditions, and awareness of medications. Other drivers include health insurance for masses, rise of medical tourism, and establishment of ambulatory care centers.

Competition Outlook Lunan Pharmaceutical Group Co. Ltd, Halocarbon Products Corporation, Baxter International Inc., Jiangsu Hengrui Medicine Co. Ltd, Fresenius Kabi AG, Hikima Pharmaceuticals plc., AbbVie Inc., and Piramal Enterprises Limited are key players of the global inhalation anesthesia market.