Healthcare IT Market Covering Growth Inclinations & Development Strategies until 2023

Considering the Kind of the Growth the Market Perceives Currently; Market Research Future (MRFR) in its Recently Published Analysis Asserts that the Global Healthcare IT Market will Registering a Striking Double-Digit CAGR of 15 % Throughout the Forecast Period (2018 to 2023).

Healthcare IT Market – Overview

Widespread usage of healthcare IT services has seen considerable expansion due to rising usage by healthcare preactitioners such as doctors and pharmacists to name a few. Market focused reports linked to the healthcare industry among others of late have been made accessible by Market Research Future which issues reports on this industry. The market for Healthcare IT Market is projected to expand with a CAGR of approximately 15 percent in the forecast period.

The enhancements in the healthcare IT market have bought about ease of access to patient information for health professionals regardless of their location, thereby creating a broader scope of development for the market. As technology has developed, the demand for individuals to access their personal information has also increased which has led to the rapid expansion of the market. The requirement for managing regulatory compliance through healthcare IT solutions has led to the industry competitors investing a greater level of resources towards the development of the market.

Global Competitive Analysis:

The market has been led into a new period of growth as the market is normally in a state of mutability. The tone for development in the market has been altered to a great extent with the entry of new players and the changes in the mode of functioning of the established players. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The ripple effects of the market’s growth have altered the competitive backdrop of the market. Portfolio development is being significantly endorsed by market competitors to achieve high growth rates. The ability to withstand their competitive edge is one of the key factors fuelling their efforts in this period. The room for development in the market seems to be promising through the forecast period. The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The odds for growing revenue inflow in the business are likely to multiply through the forecast period.

McKesson Corporation (U.S.), Cerner Corporation (U.S.), McKesson Corporation, (U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Koninklijke Philips N.V. (The Netherlands),  Infor, Inc. (U.S.), Athenahealth, Inc. (U.S.), Dell Technologies (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), United Healthcare Group (U.S.), GE Healthcare (UK), Wolters Kluwer (Netherland), IBM (U.S.) are a few of the major players in the global healthcare IT market.

Industry Segments:

The healthcare IT market globally has been segmented on the basis of component, products and services, and end-user.

The segment of products and services in the healthcare IT market can be segmented into healthcare payer solutions, healthcare provider solutions, HCIT outsourcing services, and others. The clinical solutions are segmented into picture archiving and communication systems and vendor neutral archive systems, electronic health records/electronic medical record systems, medical image analysis systems, patient registry software, specialty management information systems, healthcare IT integration systems to name a few.

The nonclinical - Healthcare IT solutions are additionally categorized into medication management systems, pharmacy information systems, healthcare asset management software, Workforce Management Systems (WFM), revenue cycle management solutions, supply chain management solutions, Healthcare Information Exchange (HIE), healthcare analytics, and Customer Relationship Management (CRM).The healthcare payer solutions are categorized into claims management solutions, provider network management solutions, member eligibility management solutions, billing and accounts (payment) management solutions, and others.

HCIT outsourcing services are divided into payer IT outsourcing services, provider HCIT outsourcing services market, operational IT outsourcing services, and IT infrastructure management services. The market on the basis of component is segmented into software, services, and hardware. The market is segmented on the basis of end-users, into third-party administrators, healthcare payers, research centers, healthcare providers, and government institutions. The segment for healthcare providers comprises of nursing homes home, ambulatory care centers, diagnostic and imaging centers, healthcare agencies, assisted living facilities, hospitals, and pharmacies. Moreover, healthcare payers are also divided into private payers and public payers.

Detailed Regional Analysis:

The healthcare IT market consists of the regions such as the Middle East and Africa, Asia Pacific, Americas and Europe. The Americas region is accountable for the leading market portion of the healthcare IT market globally due to the incidence of modern medical technology and high-quality healthcare systems in the country. The second largest market followed by the Asia Pacific region is the European healthcare IT market. Healthcare providers through the European region are embracing social media technologies, and which is driving the European healthcare IT market. The Asia Pacific region is estimated to display the fastest growth throughout the forecast period due to the enhanced economic growth of countries in the region and the growing need to control the elevated healthcare costs. These factors are also responsible for the developing trend towards the digitization of patient records among healthcare organizations in this region. Nations such as China and India are displaying rapid growth, followed by South Korea. Consequently, the government in these emerging economies have taken many efforts to mend the healthcare services and deliver better infrastructure. In these conditions, healthcare IT will act as a bridge that connects all minimizes manual errors, healthcare entities, and curbs expenses. Though the healthcare information technology industry in India is still in its emerging stage, the demand for healthcare IT solutions is estimated to rise during the forecast period. The Middle Eastern region is projected to develop at a stable pace due to factors such as growing occurrence of chronic disorders, refining healthcare infrastructure, and developing demand for better healthcare services.

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Electron Microscope Market Share Analysis, Strategies, Revenue and Forecasts to 2023

Electron Microscope Market Research Report by Type (Transmission Electron Microscope (TEM), Scanning Electron Microscope (SEM), and Others), Application (Nanotechnology, Material Sciences, Semiconductors, and Others), and Region (North America, Europe, APAC, RoW)-Global Forecast to 2023

Market Scenario

The global Electron Microscope Market is presumed to demonstrate 7.9% CAGR during the forecast period (2017-2023) owing to the technological advancements, asserts Market Research Future (MRFR). Electron microscope is referred to as the type of microscope which uses beam of electrons in order to create an image of the specimen.  Electron microscope possesses a greater resolving power than a light microscope and is capable of much higher magnification, thereby allowing it to view smaller objects in finer details. Visualization and magnification devices are an important part of the microscopy industry and are being extensively used in sectors like agriculture, polymer industry, atomic studies, and nanotechnology.

Industry Updates

October 31, 2018: A Titan Krios cryo-electron microscope was inaugurated on November 2017 at the European Synchrotron, France. Data collected demonstrates the activation cycle of a serotonin receptor which is targeted by the medication against radiotherapy and chemotherapy-induced nausea.

Competitive Dashboard

The prominent players operating the global electron microscope market are Phenom-World, Nikon Metrology Inc., Hirox Ltd., Hitachi High-Technologies Corporation, KEYENCE CORPORATION, Carl Zeiss International, Thermo Fisher Scientific, Agilent Technologies, Leica Microsystems, Bruker Corporation, Nanoscience Instruments Inc., JEOL Ltd., Olympus Corporation, and Merck KGaA, Angstrom Advanced Inc.

Global Electron Microscope Market: Segmental Analysis

The global electron microscope market has been segmented on the basis of type, application, and region.

By mode of type, the global electron microscope market has been segmented into scanning electron microscope (SEM), transmission electron microscope (TEM), and others. Among these, the scanning electron microscope (SEM) segment is presumed to exhibit the fastest CAGR during the assessment period. They are very useful to observe the size and shape of the specimen as they offer a 3D view. With increasing application in the material sciences and chemistry, the SEM segment is expected to boost in the coming years.

By mode of application, the global electron microscope market has been segmented into material sciences, nanotechnology, semiconductors, and others. Among these, electron microscopes are highly used in the field of semiconductors. It is extensively used in the field of analyzing circuit failure and circuit edit.

Regional Insights

Geographically, the global electron microscope market spans across regions namely, Europe, America, Asia Pacific, and the Rest-of-the-World.

Among all the regions, the American region is estimated to be the largest region owing to the availability of advanced medical facilities and the presence of major market players in North America. North America is considered to be the largest market in this region due to higher health coverage and high adoption of advanced technology.

Europe holds a significant market share owing to the high density of population and availability of advanced medical facilities in this region. The Asia Pacific region, on the other hand, has emerged as the fastest growing market across the globe owing to the demand for improved medical facilities. Major markets in this region comprise India, Japan, China, and Australia. With the rapidly developing healthcare infrastructure and booming medical tourism industry, the market is likely to flourish. Moreover, the flourishing R&D industry is likely to trigger the demand for electron microscope.

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Electric Wheelchair Market Forecast Indicators Trending Lucrative Growth Till 2023

The Report Presents a Detailed Review of the Historical Growth Trajectory of the Global Electric Wheelchair Market in order to Provide Reliable Projections about the Probable Growth Trajectory of the Global Electric Wheelchair Market over the Forecast Period.

Electric Wheelchair Market Synopsis:

Market Research Future (MRFR)’s latest analysis reveals that the global electric wheelchair market is projected to grow significantly during the forecast period. The rise in the geriatric population is expected to drive the expansion of the market. The growth trajectory of the market is dictated by the developments in the assistive technologies integrated into these wheelchairs for the aging population.

The technology is likely to gain traction among the physically disabled population owing to the adoption of smart technologies that offer them mobility. Furthermore, the rising purchasing power is another major factor that is anticipated to favor the expansion of the electric wheelchair market over 2023.

The key focus of the market participants is the user-friendliness of these Electric Wheelchair Market. Investments are predicted to flow towards the developments of novel technologies in the market, thus, augmenting the electric wheelchair market in the foreseeable future.

Road accidents lead to a million injuries every year. Many of such cases result in permanent disability, which is forecasted to boost demand for electric wheelchairs. However, the expensiveness of the electric wheelchairs is poised to hold the expansion of the global market during the projection period.

Global Electric Wheelchair Market - Key Players

Leading players profiled in the electric wheelchair market include

• Permobil AB
• Whill Inc.
• LEVO Ag
• Hoveround Corporation
• Permobil AB
• Invacare Corporation
• Quantum Rehab
• Pride Mobility Products Corp
• And More

April 2019- Desintox Technologies is all set to come up with an electric wheelchair. This device has been designed to allow patients to stand as well as have access to the same without help. It works on a battery and will help paraplegic patients to travel up to 20 kilometers that too on just a single charge.

Global Electric Wheelchair Market - Segmentation

MRFR report provides an extensive segmental analysis of the electric wheelchair market on the basis of end use and product.

Based on product, it is segmented into standing electric wheelchair, center wheel drive chair, front wheel drive chair, rear wheel drive chair, dual-purpose chair, electric outdoor chair, electric indoor chair and others. Of these, center wheel drive chair will have the largest share in the market over the assessment period.

Based on end use, the electric wheelchair market is segmented into hospitals and clinics, home care settings and others.

Industry News:

In January 2018, Will, a power mobility device maker, showcased its stylish new Model Ci electric wheelchair in the 2018 Consumer Electronics Show (CES). The new electric wheelchair is claimed to be a newer, lighter, more versatile model.

In March 2018, Yamaha Motor Corp., a leader in motor vehicles, has ventured into the U.S. power assist wheelchair market with the launch of its NAVIONE power assist wheelchair system.

In June 2018, the wheelchair, called GOBEE, which can be operated through a smartphone has won Best Consumer 

Product Design Award (2018) in Pakistan.

Regional Analysis:

The global electric wheelchair market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is a highly lucrative market for electric wheelchairs owing to the affinity developed in the region towards novel technologies. The region is likely to witness inflated demand for electric wheelchairs due to the availability of subsidies and favorable reimbursement policies. Furthermore, the higher affordability and increasing awareness about the convenience offered are likely to drive the growth of the electric wheelchair market in the upcoming years.

Europe is an important growth pocket and is prognosticated to expand at a moderate pace throughout the forecast period. The rising healthcare expenditure, increasing customer base, and availability of funds for research & development are expected to favor the proliferation of the electric wheelchair market over the assessment period in the region.

Asia Pacific is anticipated to flourish in the forthcoming years. The factors that are responsible for the exponential growth of the electric wheelchair market in the region are increasing geriatric population, rising purchasing power, growing awareness among population, etc. The presence of fast-developing economies such as India and China, which are witnessing evolvements in the healthcare sector is poised to favor the expansion of the electric wheelchair market in the region.

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India Diabetes Market Key Manufacturers, Top Regions, Analysis and Forecasts to 2023

India Diabetes Market information, by Type (Type 1, Type 2, and Gestational diabetes), by Test (Random blood sugar test, Fasting blood sugar test, Oral glucose tolerance test, Initial glucose challenge test and others), by Devices (Blood glucose monitoring devices, Diabetes management devices, and others) by Treatment (Medications, Insulin therapy, Transplantation, Bariatric surgery and others) - Forecast to 2023

India Diabetes Market - Market Insights

The Diabetes Market Size has been extensively studied in Market Research Future's latest report which reveals impressive growth at CAGR of 6.5% during the forecast period of 2017 to 2023. India has a high prevalence of diabetes with an estimated 69.2 million people being recorded as living with diabetes in 2015. The India diabetes market has a high potential for growth, and this has been mapped in the estimated market value which was USD 4778.7 Mn in 2016 and is likely to reach an approximate value of USD 7441.6 Mn by 2023.

Awareness regarding the disease and its causes has increased significantly, thus driving the demand for effective treatment of diabetes. Increasing urbanization and the resulting change in lifestyle has led to an increasing number of diabetic patients which encourages market growth. India is an emerging economy where there is rapid development being undertaken across various sectors with the healthcare sector being the most important. Rising demand from patients for healthcare which is equal to that available in first world countries will be key in the rapid development of healthcare infrastructure and healthcare expenditure. Moreover, India has a significant rural population which represents massive opportunity due to the awareness and treatment programs that can be carried out. However, India's unique socio-economic scenario is expected to lead to unique product offerings that are easily affordable and accessible across the country.

Segmentation:

The India Diabetes Market has been segmented in MRFR's report on the basis of type, test, devices, treatment, and region. By type, the India diabetes market is segmented into gestational diabetes, type 2, and type 1. Among these, type 2 diabetes has been found to be most prevalent.

By test, the market includes fasting blood sugar test, oral glucose tolerance test, random blood sugar test, initial glucose challenge test, and others.

By devices, the market is divided into diabetes management devices, blood glucose monitoring devices, and others. The blood glucose monitoring devices segment accounts for 38% of the total market. However, the diabetes management devices segment leads the market with a share of 43%.

By treatment, the market is segmented into medication, transplantation, bariatric surgery, insulin therapy, and others.

Key Players:

MRFR's competitive analysis includes eminent market players such as

• USV Private Limited
• Ypsomed
• Johnson & Johnson Services Inc.
• Becton Dickinson and Company
• Bayer AG
• Novo Nordisk A/S
• Roche Diabetes Care Inc.
• Merck & Co. Inc.
• Novartis AG
• and Sanofi-Aventis U.S. LLC

India Diabetes Market - Regional Analysis

India, in the report, has been divided into various regions to provide a comprehensive view of the market. The India diabetes market has been divided into eastern region, western region, southern region, northern region, and central region. The western region has been observed to have the largest share of the Indian diabetes market due to its highly populous nature and high consumption of sugarcane and its byproducts which are grown abundantly in the region. The southern region, however, promises significant growth during the forecast period.

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Medical Devices Market Sparkling Key Players Revenue, Shares, Analysis and Forecasts to 2025

Global Medical Devices Market Research Report: By Product Type (Cardiac Monitoring, Diagnostic and Drug Delivery), Therapeutic Application (Gastrointestinal Surgery, General Surgery and Diagnostic Imaging), End User (Hospitals & Clinics, Diagnostic Centers and Research Laboratory) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2025

Medical Devices Market Highlights:

Market Research Future (MRFR), in its “Medical Devices Market” report, states that the market can value at USD 6170.72 Bn at 22% CAGR by 2025. In 2018, the global medical devices market was recorded at about USD 1533.97 Bn. The surge in the medical device market is likely, due to an increase in the need for medical devices. Medical Devices Market Growth are used to diagnose, prevent, and the prognosis of diseases. The growing utility of medical devices is expected to prompt the expansion of the global market. The availability of different types of medical devices from surgical equipment to wheelchairs can impel the expansion of the global medical devices market. Other driving factors of the worldwide medical devices market are an increase in patient pool afflicted with various malaises, the surge in cases of accidents, and hefty investment on R&D to develop effective medical solutions. The intervention of disruptive technology in the research and development field of the healthcare industry can bolster the expansion of the medical devices market growth. In addition, the growing prevalence of cardiac problems and the expansion of the geriatric populace promoting the need for medical devices can encourage their market growth. On the downside, expensive medical devices and other healthcare expenses can resist the growth of the medical devices market.

Key Players:

GE Healthcare (US), Fresenius (Germany), Medtronic (Ireland), Johnson & Johnson (US), Stryker (US), Siemens (Germany), Abiomed Inc. (US), Abbott Laboratories (US), Boston Scientific Corp. (US), Accuray Inc. (US), Bio Rad Laboratories Inc. (US), Becton Dickinson (US), Biotelemetry Inc. (US), Baxter International Inc. (US), and Angiodynamics Inc. (US) are some reputed key players functioning in the worldwide medical devices market.

Segmental Outline:

The Global Medical Devices Market was studied based on Therapeutic Application, Product Type, and End Users.

By product type, the market segments are diagnostic devices, monitoring devices, surgical devices, drug delivery devices, treatment equipment, bio-implants and stimulation devices, and others. The monitoring devices segment comprises of neuromonitoring devices, cardiac monitoring devices, multi-parameter monitoring devices, respiratory monitoring devices, fetal and neonatal monitoring devices, hemodynamic monitoring devices, temperature monitoring devices, and weight monitoring devices. The diagnostic devices comprise imaging devices, endoscopes, surgical ENT devices, and others. The expansion of the medical devices market can be attributed to the expansion of the diagnostic devices segment.

By therapeutic application, the market segments are general surgery, gastrointestinal surgery, respiratory, diagnostic imaging, orthopedics, dental, cardiovascular, ophthalmology, neurology, nephrology, ear-nose-throat (ENT), and urology, and others. The increase in the population of chronic patients can prompt the expansion of the global medical devices market.

By the end-user, the medical devices market segments are diagnostic centers, hospitals & clinics, pharmaceutical companies, and research laboratories.

Regional Outline:

The worldwide medical devices market’s regional segments are Europe, the Americas, Asia Pacific, and the MEA. North America's medical devices market to lead in the global market. The regional market poised to value at a decent amount. Europe's medical device market is can touch a considerable valuation on the conclusion of the review period. Asia Pacific medical device market can thrive at a healthy CAGR across the assessment period. Japan and China are deploying advanced technologies for seamless operation of medical devices. The high concentration of reputed medical devices developers in Europe and North America and high export trading activities concerning medicine-centric gadgets can bolster the expansion of the medical devices market in these regions.

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Atopic Dermatitis Market Sparkling Key Players Revenue, Shares, Analysis and Forecasts to 2025

This Report Studies the Global Atopic Dermatitis Market Outlook of Global Market 2019. The Atopic Dermatitis Market Research Report Gives Recent trends, Size, Share, Growth information Uniquely in Depth.

Atopic Dermatitis Market Analysis:

Atopic dermatitis (AD) or eczema as it is popularly known as is a chronic disease that is inflammatory and is characterized by rashes and itchy skin lesions. Generally, every age group can get affected by this skin disease, but it is more common in case of children and infants. Rising prevalence of skin irritants mainly cosmetics, perfumes, detergents, soaps and water can produce inflammation. Eczema can be a result of pharmacologic factors, genetic, immunological or complex interplay of the environment.

Every form of eczema causes redness and itching but atopic dermatitis is the most severe. AD may misguide the immune system resulting in chronic diseases later on. It has different patterns resting on the patients’ age. This can occur on the sides of the neck, inside the elbows, knees, ankles, wrists and hands along with having a tendency of developing papules that results in rashes.

There are many factors that is driving the growth of the Atopic Dermatitis Drugs Market . Some of these factors as per the Market Research Future (MRFR) report include increasing prevalence of atopic dermatitis, rising prevalence of food allergies, favorable reimbursement policies, higher treatment compliance, higher unmet needs, promising pipeline molecule, increasing access for treatment medication in developing countries, support from the government for research and development, rising funding and advancing technology. On the contrary, factors such as poor reimbursement policies and side effects from drugs may hinder the growth of the atopic dermatitis market.

Competitive Analysis:

The global atopic dermatitis market is fragmented and highly competitive and based on clinical outcomes of products and new product launches. The key players are using different strategies namely acquisitions, partnerships, joint ventures, agreements, high expense on R&D, market initiatives, clinical trials and new product launches to boost up their footprint in the atopic dermatitis market.

Key Players:

Leading players profiled in the atopic dermatitis market include

• Allergan Plc. (Republic of Ireland)
• Galderma S.A. (Switzerland)
• Pfizer Inc. (U.S.)
• Meda Pharmaceuticals (U.S.)
• Bristol-Myers Squibb (U.S.)
• Novartis International AG (Switzerland)
• Anacor Pharmaceuticals Inc. (U.S.)
• Valeant Pharmaceuticals International Inc (Canada)
• Regeneron Pharmaceuticals Inc. (U.S.)
• Sanofi S.A. (France)
• Astellas Pharma Inc. (Japan)
• and others.

Market Segmentation:

Market Research Future report offers an all-inclusive segmental analysis of the atopic dermatitis market on the basis of types, application and end-user.

Based on type, it is segmented into calcitonin, interferon, monoclonal antibodies, erythropoietin, hormone and others.

Based on application, the atopic dermatitis market is segmented into infectious diseases, chronic diseases, blood disorders, cancer and others.

Based on end-users, it is segmented into research centers, clinics and hospitals.

Industry News:

Nov 2018- US FDA has of late grant review for Dupixent (dupilumab) to treat adolescents aged 12-17 years with uncontrolled atopic dermatitis, moderate-to-severe. Dupixent will help in case of those whose condition was controlled inadequately with topical medications or for those whom this treatment is medically inadvisable.

Regional Analysis:

Based on region, the atopic dermatitis market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will remain the luminary in the atopic dermatitis market. The factors that are driving the market include high healthcare investment, government funding in research and development, increasing use of skin irritants especially cosmetics and perfumes and inflating patient pool. North America is followed by Europe that holds the second largest share. Germany and France have increased their expenditure on healthcare that ensures considerable market growth here. The atopic dermatitis market in the Asia Pacific region is expected to grow at the fastest pace with countries such as South Korea, China and India heavily investing in the healthcare domain. South Korea and India are generating substantial demand. On the other hand, the atopic dermatitis market in Middle East and Africa will have a minimal share owing to ignorance, poor treatment facilities and lack of disease screening.

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Biopsy Devices Market Business Overview 2019| Industry Size and Demand 2025

Global Biopsy Devices Market Share, Growth And Trends Analysis By Product Type (Biopsy Guns, Biopsy Guidance System, Biopsy Needles, Forceps And Others), By Application (Surgical Biopsy, Skin Biopsy, Needle Biopsy, Bone Marrow Biopsy, Cancer Diagnosis And Others), By End User (Hospitals, Specialty Clinics, Diagnostic Centers, Academic & Research Institutes And Others) - Forecast Till 2022

Global Biopsy Devices Market – Highlights

The Global Biopsy Devices Market Size is increasing pervasively over the last decade. Factors such as increasing prevalence of kidney diseases & transplants are fueling the market growth to an extent. Also, the risk factors for kidney diseases & disorders like chronic high blood pressure & diabetes are speeding up the market growth, creating the demand for the better diagnostic and treatment methods.

Additional factors propelling the market growth include the changing lifestyle led by the growing urbanization & industrialization coupled with the improving economic conditions that enable access to the quality of life & to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth.  Furthermore, factors such as increasing number of biopsy procedures and rising demand for new techniques for diagnosis of chronic diseases provide significant impetus to the Biopsy Devices Market.

Conversely, factors such as prohibitive costs associated with these devices and the increasing awareness and availability in the developing as well as in the developed regions are some of the key factors impeding the market growth. Adversely, new products and services available in the developing and well as developed countries and the presence of well-established market players are expected to provide impetus to the market growth, filling up the demand and supply gap.

Global Biopsy Devices Market - Key Players

Some of the key players in this Biopsy Devices Market are:

• BD
• Precision Biopsy, LLC
• Scion Medical Technologies, LLC. (UK)
• Cook Medical
• Hologic, Inc.
• Leica Biosystems
• Argon Medical Devices, Inc.
• R. Bard, Inc
• Creganna
• Integra LifeSciences Corporation
• Focal Therapeutics, Inc.

Industry/Innovations/Related News:

November 08, 2018

STRATEC Consumables GmbH (Austria), an OEM supplier of smart polymer-based consumables to in-vitro diagnostics (IVD), life sciences, and medical technology industries announced the signing of a supply agreement covering a customized microfluidic polymer chip with Vortex BioSciences (US), a NetScientific portfolio firm. This chip is a main component of the VTX-1 system, an automated liquid biopsy platform which provides a simple, label-free isolation of circulating tumor cells directly from a tube of blood.

July 24, 2018

The U.S. Food and Drug Administration (FDA) approved a magnetic device system to be used for guiding sentinel lymph node biopsies in the breast cancer patients with specific conditions and are undergoing the mastectomy. The Sentimag System also known as the magtrace and sentimag magnetic localization system identifies specific lymph nodes, known as sentinel lymph nodes to be removed by surgeries by using magnetic detection during sentinel lymph node biopsy procedures.

August 08, 2018

The U.S. Food and Drug Administration (FDA) approved the breakthrough device for blood-based cancer diagnostic assay, developed by PapGene. This new assay uses a combination of circulating tumor DNA and protein biomarkers to detect cancers in average-risk, asymptomatic individuals over the age of 65.

Global Biopsy Devices Market - Segments

MRFR has segmented the analysis into four key dynamics; for better understanding: -

By Product Type: Biopsy Guns, Biopsy Guidance System, Biopsy Needles, and Forceps among others.

By Application: Surgical biopsy, Skin biopsy, Needle biopsy, Bone marrow biopsy, and Cancer Diagnosis among others.

By End-user: Hospitals, Specialty Clinics, Diagnostic centers, Academic & Research Institutes among others.

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

Global Biopsy Devices Market - Regional Analysis

By region, the Global Biopsy Devices Market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas account for the most significant share of the global biopsy devices market. High prevalence of oncology diseases generates high demand for cancer screening and consequently drive the market for biopsy devices. High healthcare expenditure, the existence of key players in the region and extensive use of technologically advanced biopsy devices in the region support the growth of the market. North America is leading the Americas market and is anticipated to reach USD 2.4 Bn by the end of 2022.

Europe is the second largest market for biopsy devices. High healthcare expenditure and high expenditure on healthcare infrastructure boost the growth of the market.

APAC is on its path to emerge as the fastest growing Biopsy Devices Market. Surging prevalence of cancer, growing awareness which has led to increased demand for cancer screening, and expansion of healthcare budget in emerging economies are factors substantiating the growth of the APAC market. In addition, the governments in the region are endeavoring towards raising awareness and encouraging individuals to undertake cancer screening which is acting as a growth influencer.

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

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