Molecular Diagnostics Market Is Rising Enormously Across The Globe

 Global Molecular Diagnostics Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Molecular diagnostics is a branch of clinical pathology or laboratory medicine that uses molecular biology to diagnose disease, monitor the effectiveness of therapies, predict diseases course, and select therapy.

The factors that are playing a major role in the growth of molecular diagnostics market are a technological enhancement in molecular diagnostic kits, the rising expenditure on enhanced diagnostics, and the growth in R&D activities by manufacturers. However, the high of diagnostics may restrain overall market growth in the years to come. Molecular diagnostics market is segmented based on product type, rest location, technology, application, and region.

Reagents, instruments, and other product types could be explored in molecular diagnostics in the forecast period. Reagents sector accounted for the significant market share of molecular diagnostics and is estimated to continue its dominance in the years to come. The reason could be the increasing use of these tests in a nonmedical sector like home and molecular diagnostic sector.

Central laboratories, point-of-care, self-test, and other test location could be explored in molecular diagnostics in the forecast period. Central laboratories sector accounted for the significant market share of molecular diagnostics. The reason behind the overall market growth could be the presence of ancillary support. In addition, the point-of-care sector is estimated to grow at the highest CAGR in the years to come.

Based on technology, transcription mediated amplification, polymerase chain reaction (PCR), sequencing, in situ hybridization, mass spectrometry, isothermal nucleic acid amplification technology (INAAT), chips and microarrays, and others could classify molecular diagnostics in the forecast period. The polymerase chain reaction (PCR) sector accounted for the significant market share of molecular diagnostics and is estimated to lead the overall market in the years to come. The reason could be high demand in molecular diagnostics.

The market may be categorized based on applications like microbiology, oncology, cardiovascular disease, pharmacogenomics, neurological disease, infectious disease, genetic testing, and others could be explored in the forecast period. Oncology sector accounted for the substantial market share of molecular diagnostics and is estimated to continue its dominance in the years to come. The reason could be the rising occurrence of cancer and increasing enhanced diagnostic tests. The sector is also estimated to grow at the highest CAGR in the years to come.

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North America accounted for the substantial market share of molecular diagnostics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of a developed healthcare infrastructure and leading national clinical laboratories, the growing population suffering from cancer and infectious diseases, and the availability of technologically enhanced instruments. Also, government initiative and funds boost the market in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of molecular diagnostics in this region.

The key players of molecular diagnostics market are QIAGEN, Abbott Laboratories, Dako, Roche Diagnostics, Danaher Corporation, Hologic, Inc., Dickinson and Company (BD), Novartis AG, BioMérieux SA, Bio-Rad Laboratories, Inc., Siemens Healthineers GmbH, Alere, Sysmex Corporation, and Johnson & Johnson Services, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Global Molecular Diagnostics Product Outlook (Revenue, USD Million, 2013 - 2024)
• Instruments
• Reagents
• Others

Global Molecular Diagnostics Test Location Outlook (Revenue, USD Million, 2013 - 2024)
• Point-of-Care
• Self-test or Over the Counter
• Central Laboratories

Global Molecular Diagnostics Technology Outlook (Revenue, USD Million, 2013 - 2024)
• Polymerase chain reaction (PCR)
• Multiplex PCR
• Other PCR
• In Situ Hybridization
• Isothermal Nucleic Acid Amplification Technology (INAAT)
• Chips and Microarrays
• Mass Spectrometry
• Sequencing
• Transcription Mediated Amplification
• Others

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Global Molecular Diagnostics Application Outlook (Revenue, USD Million, 2013 - 2024)
• Oncology
• Breast Cancer
• Prostate Cancer
• Colorectal Cancer
• Cervical Cancer
• Kidney Cancer
• Liver Cancer
• Blood Cancer
• Lung Cancer
• Other Cancer
• Pharmacogenomics
• Infectious Diseases
• Methicillin-resistant Staphylococcus Aureus (MRSA)
• Clostridium Difficile
• Vancomycin-resistant Enterococci (VRE)
• Carbapenem-resistant Bacteria
• Flu
• Respiratory Syncytial Virus (RSV)
• Candida
• Tuberculosis and drug-resistant TBA
• Meningitis
• Gastrointestinal Panel Testing
• Chlamydia
• Gonorrhea
• HIV
• Hepatitis C
• Hepatitis B
• Other Infectious Disease
• Genetic Testing
• Newborn Screening
• Predictive and Presymptomatic Testing
• Other Genetic Testing
• Neurological Disease
• Cardiovascular Disease
• Microbiology
• Others

Global Molecular Diagnostics Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Belgium
• Switzerland
• Netherlands
• Poland
• Austria
• Greece
• Sweden
• Turkey
• Finland
• Asia Pacific
• Japan
• China
• India
• Sri Lanka
• Malaysia
• Australia
• New Zealand
• Thailand
• Vietnam
• Singapore
• Latin America
• Brazil
• Mexico
• Chile
• Peru
• Colombia
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia
• Jordan
• UAE
• Qatar
• Nigeria
• Egypt

Cervical Cancer Diagnostic Market Will Grow As Increasing Aging Female Population

 Global Cervical Cancer Diagnostic Market size is anticipated to reach USD 12 billion by 2024. Cervical cancer is caused due to uncontrolled cell division of cancerous or abnormal cell growth in the cervix region. The factors that propel the growth of the cervical cancer diagnostics market include increase in aging female population, rise in the awareness programs for cervical cancer screening, high occurrence rate, and rapid adoption of technology. Moreover, increasing consciousness among the population regarding prevention, care, and treatment of cervical cancer, and availability of advanced and variety of treatment are likely to offer impetus to the market.

On the other hand, there are factors that may hamper the growth of the market including lack of awareness related to cervical cancer protection, and changes in regulatory guidelines for cervical cancer screening. Cervical cancer diagnostics industry is anticipated to grow at a significant CAGR of 5.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Cervical cancer diagnostic market could be explored by type, age group, therapy, end user, and geography. The market could be explored by test type as HPV Testing, Pap Testing, Cytology Testing, Colposcopy, Cystoscopy, and Cervical Biopsies. The “Pap Testing” segment led the cervical cancer diagnostic industry in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market include high efficiency of the tests in initial diagnosis and increasing consciousness about the impact of the initial diagnosis.

Cervical cancer diagnostics market could be explored by age group as below 35 years and 35 years & above. The market could be explored by therapies as Radiation therapy, Surgery, Targeted therapy, and Chemotherapy. Cervical cancer diagnostic industry could be explored by the end user as Laboratories, Hospitals, and Others (Clinics and Independent physicians).

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North America accounted for the major market share of the cervical cancer diagnostic in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high occurrence rate of cervical cancer, growing acceptance of cervical cancer screening procedures, huge investments by pharmaceutical and Biotechnological Companies in research centers, high spending on latest technology, and easy accessibility to healthcare facilities. North America is likely to be followed by the European region in the forecast period.

Some of the key players that fuel the growth of the cervical cancer diagnostics industry comprise Cooper Surgical, Inc.; Abbott Laboratories; Dickinson and Company (BD); Becton, Quest Diagnostics; Hologic, Inc.; QIAGEN; Siemens; Guided Therapeutics; Arbor Vita; OncoHealth Corp.; Beckman Coulter, Inc. and Zilico Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Test type outlook (Market revenue in USD Billion, 2013 - 2024)
• Pap Testing
• HPV Testing
• Colposcopy
• Cervical Biopsies
• Cystoscopy

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Regional outlook (Market revenue in USD Billion, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa

Computerized Physician Order Entry (CPOE) Market Share and Trend Report, 2013 - 2024

 The global Computerized Physician Order Entry (CPOE) Market is expected to value at USD 1.9 billion by 2024. The computerized physician order entry industry is subject to witness a substantial growth due to the rising incidences of medication errors during the delivering and transcribing stage.

In addition, numerous initiatives and policies undertaken by both private bodies and regional government to promote streamline care delivery process are expected to boost market demand for computerized physician order entry (CPOE) systems over the forecast period. The prime objectives of computerized physician order entry (CPOE) systems is to incorporate automation for reducing errors and bringing an overall reduction in clinical decision time.

Improved healthcare infrastructure and rise in the number of medical facilities, especially in the developed economies is predicted to favor market growth as well. The computerized physician order entry (CPOE) systems offers a viable platform and support prime objectives such as reducing errors during delivering and transcribing stage. These factors are anticipated to foster market expansion of computerized physician order entry (CPOE) in the near future. Globally, the computerized physician order entry market is predicted to grow at CAGR of 6.2% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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The recent technological advancement in the healthcare sector coupled with deployment of novel technologies such as healthcare information technology (IT) are expected to bolster market growth over the next seven years. Rise in the number of promotional activities by international as well as local authorities such as the World Health Organization (WHO) to offer various strategic actions for adoption of information technology involving computerized physician order entry (CPOE) systems, are anticipated to drive industry expansion in the upcoming years.

The computerized physician order entry (CPOE) offer centralization of medical systems in order to streamline various processes to achieve multiple economic benefits. Growing adoption of lean management principles like six sigma to perform different periodic functionalities to optimize use of resources is predicted to boost the market progress as well. Moreover, centralization of various processes is gaining traction in healthcare sector over the forecast period. The computerized physician order entry (CPOE) are divided into two major types such as integrated CPOE and standalone CPOE.

The CPOE industry is broadly categorized into four major segments based on the application type such as hospitals, ambulatory centers, physician, and emergency healthcare services. The hospitals sector is considered as one of the fastest growing segment in the CPOE market with substantial revenue generation in the last few years.

Growing popularity of computerized physician order entry (CPOE) systems in the hospital segment is attributed to the growing consumer pool and higher financing capabilities. The emergency healthcare services segment has also witnessed substantial growth owing to the rising demand for efficient maintenance of the large order volumes and improved order completeness to minimize errors.

The computerized physician order entry (CPOE) industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, increase in the number of research & development activities in the region, and existence of well-established medical facilities.

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Asia-Pacific region is predicted to hold major market share in the computerized physician order entry market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth, rising awareness among general population, increasing disposable income, rising healthcare expenditure, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the computerized physician order entry industry are Cerner Co., CliniComp International, Inc., Allscripts Co., Epic Systems, Inc., GE Healthcare GmbH, McKesson Co., MEDITECH (Medical Information Technology, Inc.), Siemens Healthcare, Inc., Visual MED, Inc., Philips Healthcare N.V., and Athena Health, Inc.

Market Segment:

Global CPOE Market by Type (USD Million), 2013 - 2024
• Integrated
• Standalone

Global CPOE Market by Component (USD Million), 2013 - 2024
• Software
• Hardware
• Services

Global CPOE Market by Delivery Mode (USD Million), 2013 - 2024
• On-Premises
• Web Based
• Cloud Based

Global CPOE Market by End Use (USD Million), 2013 - 2024
• Hospital
• Ambulatory Centers
• Physician’s Office
• Emergency Healthcare Centers

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CPOE Market by Region (USD Million), 2013 - 2024
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

Surgical Robot Market Is Driven By Growing Geriatric Population Till 2024

 Global Surgical Robot Market is anticipated to grow considerably in the forecast period owing to the growth in (MIS) Minimally Invasive Surgery worldwide. Surgical robots are sophisticated robots that carry out medical procedures on patients. These systems potentially improve the safety and perform surgeries effectively. These systems support major advances like minimally invasive surgery, remote surgery, and unmanned surgery.

Surgical robots market is driven by factors like growing geriatric population, increasing chronic conditions, complexities of surgical treatments, rising need for healthcare automation and growing economic growth. However, the market of surgical robot is facing obstructions due to the challenges of laparoscope control and risks associated with robotic surgery.

While the concept of surgical robots is still uncommon in most places, several hospitals are accepting robotic systems. Adoption of Nano and micro robots for urological surgeries, emphasis on development of cost-efficient robot systems, growing research & development, and wide use of robots in general procedures are the remarkable trends observed in the surgical robot industry. However, high capital is a major challenge surgical robot market faces.

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Surgical robots industry is categorized on the basis of surgery type, component, and geography. On the basis of surgery type, the market is divided into general surgery, neurosurgery, gynecology surgery, orthopedic surgery, urology surgery. Owing to increase in number of orthopedic surgeries, the segment leads the market growth in the years to come.

Based on components, surgical robots market is split into accessories, systems and services. Accessories segment is predicted to rise substantially due to extensive use of accessories in several surgeries. Also, in terms of revenue the segment is expected to witness progressive growth rate.
Geographically, surgical robots industry is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the increasing acceptance of surgical robot systems in various healthcare institutions and advanced healthcare infrastructure, North America dominated the market of surgical robot in the past years and is expected to continue its dominance in future as well.

The prominent players in surgical robot industry comprise Accuray Inc., Hansen Medical Inc., Intuitive Surgical Inc., MedRobotics, Mazor Robotics, Synaptive Medical, Stryker Corporation, Renishaw plc, Think Surgical, TransEnterix Inc., Corindus Vascular Robotics, Smith & Nephew, Stereotaxis, Titanmedical, and Zimmerbiomet.

Market Segment:

Global Surgical Robots Market By Product, (USD Million) 2014 - 2024
• Robot System
• Instrument & Accessories
• Services

Global Surgical Robots Market By Brand, (USD Million) 2014 - 2024
• da Vinci Surgical System
• CyberKnife
• ROSA
• MAKO
• Renaissance
• Other

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Global Surgical Robots Market By Application, (USD Million) 2014 - 2024
• General Surgery
• Urology
• Orthopedic
• Neurosurgery
• Cardiovascular
• Gynecology
• Radiology
• Transplant
• Gastrointestinal
• Others

Surgical Robots Market By Region, (USD Million) 2014 - 2024
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

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Mammography Market Will Grow At A CAGR Of 10.5% In The Forecast Period

 Mammography market is driven by increase in healthcare expenditure and favorable conditions in the global market. Government initiatives to enhance clinical trials and rise in breast diseases in women are likely to propel the market growth during the forecast period. An improvement in healthcare facilities, use of advanced techniques and diagnostic sensitivity is one of the prime reasons for market growth during the forecast period. In addition, the market also entails specificity in diagnosis during mammography.

Product segmentation for mammography industry entails digital systems, analog systems, film screen systems, 3D systems and biopsy systems. Technological segment for mammography market includes CAD, digital and breast tomosynthesis. End-user category includes ambulatory surgical centers and inpatient settings.
Geographical segmentation for mammography market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America accounts for a significant market share due to rise in breast cancer cases and rise in women population across the globe.

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The global Mammography Market is anticipated to grow at a CAGR of 10.5% in the forecast period. Mammography entails a mammogram, which is an X-Ray image of breast and is used in detection of any signs of breast cancer. With a higher feasibility, it is the best screening tool used in detection of breast cancer. A mammogram helps in screening the affected area in breast.

Asia-Pacific regions are likely to grow at a higher CAGR due to untapped potential and lucrative opportunities prevailing in the markets. Change in lifestyle and higher prevalence of breast cancer stimulates the market growth during the forecast period. Presence of local players is one of the vital factors responsible for the traction in upcoming years. The key players in the mammography industry include Hologic, Fujifilm, Toshiba Medical Systems, Philips Healthcare, Fujifilm, Metaltronica, GE Healthcare, Srl. Hologic and Siemens Healthcare.

Market Segment:

Product Outlook (Market Revenue in USD Million, 2013 - 2025)
• Film Screen Systems
• Digital Systems
• Analog Systems
• Biopsy Systems
• 3D Systems

Technology Outlook (Market Revenue in USD Million, 2013 - 2025)
• Breast Tomosynthesis
• CAD
• Digital

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Regional Outlook (Market Revenue in USD Million, 2013 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa

Home Healthcare Market Product Segmentation Forecast Report, 2014 - 2025

 The global Home Healthcare Market is anticipated to rise at a higher CAGR during the forecast period. Home healthcare is a rapidly growing segment in the healthcare domain with a definite rise in market size and over 5+ million patients receiving home healthcare settings. Employment opportunities being relatively higher in this field also contributes to the market development.

The drivers for home healthcare market comprise features of home care services in the modern era and convenience for patients. Homecare services are less expensive and strongly convenient to patients with a desired effect. The treatment is subjective to nature of the disease that helps the patient to regain the health within a short time. Home healthcare services are likely to gain significant attention in the modern era due to availability of therapists, nurses and specialized doctors that work for home health agencies and public health departments.

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Product segmentation for home healthcare industry includes diagnostic and therapeutic. Service segment for home healthcare market comprises respiratory therapy, rehabilitation, infusion therapy, skilled nursing, pregnancy care and palliative care. Software segment for home healthcare industry include hospice solutions, clinical management software and agency software.

Geographical segmentation for home healthcare market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American and European markets are likely to gain a significant CAGR during the forecast period due to rise in popularity and disposable income. The expensive nature of hospitals, rise in geriatric population, and variation in reimbursement policies is likely to propel the market growth during the forecast period.

Asia-Pacific's market is likely to have a significant attention due to rise in population and growing demands for medical safety. NGOs and government initiatives are contributing to strengthening of homecare services in the APAC sector. Apart, telecommunication services and online platforms are preferred outlets to gain access to the market.

The key players in the home healthcare industry include Sunrise Medical Inc, Almost Family Inc, B.Braun Melsungen AG, Abbott Laboratories, 3M Healthcare, Medtronic, Roche Diagnostics Corp, Air Liquide, Arcadia Healthcare, Bayer Ag, Amedisys Inc, Nxstage Medical Inc, Arkray Inc, Apria Healthcare Group, Odyssey Healthcare Inc, Becton Dickinson and Company, National Healthcare Corp, Critical Homecare, and Omron Healthcare Inc.

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Market Segment:

Home Healthcare Technology Outlook (Revenue, USD Million, 2014 - 2025)
• Equipment
• Therapeutic
• Diagnostic
• Mobility assist
• Services
• Rehabilitation services
• Unskilled home care
• Respiratory therapy services
• Infusion therapy services
• Telemetry

Home Healthcare Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Sweden
• Russia
• Netherlands
• Asia Pacific
• Japan
• China
• India
• Australia
• Singapore
• Thailand
• Philippines
• Korea
• Malaysia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Oman
• Egypt
• U.A.E.

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Therapeutic Drug Monitoring Market Size Is Anticipated To Reach USD 3.37 Billion By 2024

 The global therapeutic drug monitoring market size is expected to value at USD 3.37 billion by 2024. The market is subject to witness a substantial growth due to the introduction of the Point-of-Care (PoC) devices in the market and development of the personalized predictive and preventive medicine. Factors responsible for the robust growth of therapeutic drug monitoring (TDM) market, in the recent years, include deriving personalized or tailor-made treatment plans for patients and increasing adoption of the Point-of-Care (PoC) diagnostic devices to carry out quantitative measurements of the drug concentration. Advent of the precision medicine for the healthcare sectoris expected to drive the growth of the market.

However, lack of awareness among general population and inability of the Point-of-Care (PoC) to broaden its application base for patient monitoring are expected to restrain market growth to a certain extent. Yet, recent research & development activities in the therapeutic drug coupled with increase in funding for the development of novel drugs for patient monitoring are expected to gain traction in the near future.

Globally, the therapeutic drug monitoring industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in development of the advanced therapeutic drug monitoring solutions. The therapeutic drug monitoring is performed in clinics, hospitals and emergency units with the help of gathering critical patient information like age group, metabolism, and drug dosage history.

Therapeutic drug monitoring solutions involves the diagnosis of complex heath conditions such as toxicity level in the body, thus allowing determination of the optimal drug dose for a particular genetic profile of an individual. Moreover, the therapeutic drug monitoring (TDM) helps to identify major reasons for failed therapy outcomes in an accurate. This allows healthcare professionals to distinguish between the perplexing root causes, ineffective drug dosage, non-compliance of drug delivery system, and adverse effects caused by medications. These factors are anticipated to stimulate the growth of therapeutic drug monitoring industry over the forecast period.

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Furthermore, recent R&D activities in regards to the development of innovative drug compositions in the pipeline by prominent industry players is considered as one of the major driving factors for market growth, in the last few years. Growing number of successful clinical trials is expected to expand consumer base for therapeutics drug monitoring industry with growing influence of drug portfolio. The therapeutic drug monitoring market is broadly categorized into six major types based on the types of technology such as immunoassays, proteomic technologies, thin-layered chromatography, spectrophotometry, polarimetry, and electrophoresis.

The immunoassay technology is considered as one of the fastest growing segment in the therapeutic drug monitoring industry with substantial revenue generation in the last couple of years. Growing popularity of the immunoassay segment is attributed to the easy availability of highly specific and reliable immunoassays, and increasing implementation of advanced clinical solutions. The proteomics segment has also witnessed massive growth, in the recent years, owing to its ability to incorporate a variety of bio specimens.

The therapeutic drug monitoring market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in medicine & pharmaceuticals and existence of well-established healthcare infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the therapeutic drug monitoring with massive growth in forecast period.

Countries such as India, China, Malaysia and Japan are leading the Asia-Pacific market with favorable government laws & regulations, improved healthcare infrastructure, rising per capita income, higher approval rate of therapeutic drugs, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the therapeutic drug monitoring industry are Roche AG, Siemens Healthcare GmbH, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., Abbott Laboratories, Inc., Agilent Technologies, Inc., bioMérieux, Inc., Alere, Inc., and Probe Scientific Ltd.

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Market Segment:

Therapeutic Drug Monitoring Market, Product Outlook, by Revenue (USD Million, 2013 - 2024)
• Consumables
• Equipment
• Others

Therapeutic Drug Monitoring Market, Technology Outlook, by Revenue (USD Million, 2013 - 2024)
• Immunoassays
• Proteomic technologies
• Others

Therapeutic Drug Monitoring Market Drug, Class Outlook, by Revenue (USD Million, 2013 - 2024)
• Anti-epileptics
• Antibiotics
• Immunosuppressants
• Psychoactive drugs
• Antiarrhythmic drugs
• Others

Therapeutic Drug Monitoring Market, End-use Outlook, by Revenue (USD Million, 2013 - 2024)
• Hospital labs
• Private labs
• Others

Therapeutic Drug Monitoring Market, Regional Outlook, by Revenue (USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• MEA
• South Africa

 

Hearing Amplifiers Market Is Rising By Personal Sound Amplification Products

 The global hearing amplifiers market size is expected to value at USD 78.2 million by 2022. The market is subject to witness substantial growth due to the prevalence of hearing impairment along with growing cost of hearing aids. Growing popularity of the hearing amplifiers over the hearing aids devices is attributed to the lower cost of hearing amplifiers and overall efficiency of the devices.

Introduction to personal sound amplification products (PSAPs) is expected to favor market growth in the upcoming period as well. Globally, the hearing amplifiers market is predicted to grow at a higher CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development.

The recent technological advancement in the healthcare sector coupled with development of novel products & techniques such as the latest wireless technologies is anticipated to foster market growth in the years to come. The hearing amplifiers offer promising alternatives to patients suffering from temporary or permeant hearing loss, thereby propelling market growth in the recent years. Rising number of cases related to hearing loss cases in the U.S. alone is estimated to be doubled in the next three decades.

A large number of manufacturers are focusing on development of innovative products that could be embedded in the ear, thus making them invisible in order to overwhelm the social stigma attached with these devices. Additionally, use of Bluetooth connectivity feature in the devices offers patients necessary comfort and improves their quality of life. Moreover, addition of digital signal processing in the healthcare sector is estimated to completely revolutionize the hearing amplifiers industry in the upcoming years.

The recent enhancement in the existing hearing amplifiers products such as digital noise cancellation and speech enhancement are also predicted to foster the market growth over the forecast period. In addition, easy availability of hearing amplifiers in privately owned stores, clinics, large-scale retailers and governmental stores are anticipated to expand the overall market reach in the near future. As per reports, growing trade margins for the hearing aid devices is credited due to growing consumer demand, thus fostering market growth.

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As per World Health Organization (WHO), over 5% of the global population currently experiences temporary or permanent hearing impairment. Growing geriatric population, particularly in the developing economies is looked upon as one of the prominent factors driving demand for hearing amplifiers.

While, approximately one-third of the overall population over age of sixty suffers from disabling hearing loss, which is likely boost market growth over the forecast period as well. In addition, increasing unmet need of such instruments in underdeveloped and developing economies across the globe is anticipated to drive the growth of hearing amplifiers market in the upcoming years.

On-the-ear hearing amplifiers is considered as one of the fastest growing segment in the hearing amplifiers market with significant revenue generation in the last couple of years. Growing popularity of the on-the-ear hearing aids market segment is attributed to the numerous benefits associated with it such as its better efficiency, high connectivity, and ease of use.

The hearing amplifiers industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the rise in the implementation of latest technologies in medicine and pharmaceutical sector, increase in the geriatric population, higher purchasing power of the patients, and existence of well-established infrastructure in the healthcare industry.

Asia-Pacific region is predicted to hold major market share in the hearing amplifiers industry with massive growth in the forecast period. Countries such as India, China, and Japan are leading the Asia-Pacific market with presence of large patient pool, soaring geriatric population, growing in hearing-related problems, rising health awareness among the general population, increasing healthcare infrastructure activities, and growing government funding coupled with significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the hearing amplifiers industry are SoundHawk Co., GN ReSound, Foshan Vohom Technology Co., Sound World Solution, Inc., Shenzhen LA Lighting Company Ltd., Austar Hearing Science & Technology (Xiamen) Co., Huizhou Jinghao Electronics Co., and ZipHearing LLC.

Market Segment:

Global Hearing Amplifiers Market, Product Outlook (Revenue, USD Million, Volume (Number of Units), USP (Price/Unit) 2012 - 2022)
• On-the-Ear/On the ear
• In-the-Ear/ In the ear

Hearing Amplifiers Market, Regional Outlook (Revenue, USD Million, Volume (Number of Units), USP (Price/Unit) 2012 - 2022)
• North America
• U.S.
• Canada
• Europe
• UK
• Netherlands
• Germany
• Norway
• Sweden
• Spain
• Denmark
• Switzerland
• Italy
• France
• Russia
• Others
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• Others
• RoW
• Brazil
• Others

 

Geriatric Medicine Market Will Rise Due To Growing Geriatric Population

 Global Geriatric Medicine Market is expected to reach USD 1.01 Trillion By 2024. Geriatric medicine or geriatrics is a branch of medicine that focuses on medical issues and diseases of aging, and for old age. There is no specific age at which patients may undergo geriatric physician. The Geriatric Medicine Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Growing geriatric population, increasing occurrence of several target diseases, and developed and affordable healthcare and medicines sector are documented as major factors of Geriatric Medicine Market that are estimated to enhance the growth in the years to come. However, difficulty in access to geriatric care among elderly patients in developing countries may restrain overall market growth in the coming years. Geriatric Medicine Market is segmented based on therapeutic, medical condition, and region.

Antidepressants, analgesics, antipsychotics, antihypertensive, anticoagulant, statins, proton pump inhibitor, and antidiabetics are the therapeutics that could be explored in Geriatric Medicine in the forecast period. Analgesics sector accounted for the significant market share of Geriatric Medicine and is estimated to lead the overall market in the coming years. In addition, antidiabetic sector is estimated to grow at fastest pace in the coming years.

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Respiratory, cardiovascular diseases, osteoporosis, arthritis, cancer, and neurological Disorders are the therapeutic conditions that could be explored in Geriatric Medicine in the forecast period. Cardiovascular diseases sector accounted for the significant market share of Geriatric Medicine and is estimated to lead the overall market in the coming years.

Globally, North America accounted for the substantial market share of Geriatric Medicine and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be enhanced healthcare facilities & developed healthcare infrastructure, favorable reimbursement policy, rising number of old people suffering from several target diseases, and presence of key manufacturers in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise developing healthcare infrastructure, growth in disposable income, launch of many generic and patented drugs, and rise in private and public healthcare expenditure. The developing countries like India and China are the major consumers of Geriatric Medicine in the region.

The key players of Geriatric Medicine Market are Sanofi S.A., GlaxoSmithKline Plc, Merck & Company Inc., Boehringer Ingelheim GmbH, AstraZeneca plc, Novartis AG, Abbott Laboratories Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, and Pfizer, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Geriatric Medicine Market by therapeutic category (USD Billion, 2013 - 2024)
• Analgesics
• Antihypertensives
• Statins
• Antidiabetics
• Proton Pump Inhibitor
• Anticoagulant
• Antipsychotics
• Antidepressants

Geriatric Medicine Market by therapeutic condition, by Revenue (USD Billion,2013 - 2024)
• Cardiovascular diseases
• Arthritis
• Neurological Disorders
• Cancer
• Osteoporosis
• Respiratory

Geriatric Medicine Market Regional Outlook, by Revenue (USD Billion, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

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