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Vein Finder Market Set to Exceed US$ 86.8 Million by 2028
The global Vein Finder Market size was worth around US$ 46.7 million in 2022 and is anticipated to be worth US$ 86.8 million by 2028. During the forecast period, the market is expected to increase at a CAGR of 10.9%.
Innovative Vein Finder technology is sweeping the medical device industry, with sophisticated Vein Finders backed by cutting-edge technologies serving as a benefit to physicians, nurses, and phlebotomists.
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“Innovations like these are expected to increase adoption of advanced Vein Finders in hospitals and healthcare establishments, leading to significant revenue growth of the global Vein Finder market. Our analysis of the performance of the Vein Finder market reveals an absolute $ opportunity of US$ 3.0 Million between 2018 and 2019 and the global market is estimated to register a stellar growth rate of 10.9% in the coming decade.” Practice Head – Healthcare & Medical Devices, Future Market Insights
Vein Finder Market Structure Overview: Regional Focus to Bolster Global Market Growth
An overview of the market structure of the global Vein Finder market reveals a strong regional presence of top market companies as well as local players. Leading companies operating in the global Vein Finder market are leveraging acquisitions as a primary strategy to facilitate regional market expansion. Future Market Insights analysis also observes a strong focus by Vein Finder companies on R&D for new product development and expansion of the existing product line in key regional growth markets.
“Implementation of inorganic growth strategies is seen as the way forward to penetrate key growth markets across certain developing regions. Companies in the Vein Finder market with diversified product offerings are collaborating with local regional players to introduce low-cost Vein Finder products in order to cement their presence across top regional markets.”
In 2017, the leading three companies in the global Vein Finder market held a revenue share of about 56% while the remaining players contributed about 44% market share. New product development is a key strategy adopted by players in the global Vein Finder market to increase their brand value. Rising difficulties associated with peripheral venous access and venepuncture is one of the primary factors boosting growth of the Vein Finder market and key players are capitalizing on the growth drivers to increase their market share.
Future Market Insights predicts lucrative revenue growth in the various regional markets of Europe and Asia Pacific Excluding Japan. Europe will likely remain the top market for sales of Vein Finder devices owing to increasing adoption of Vein Finder across hospitals and clinics to locate veins for drawing blood samples, IV insertions, and other vascular procedures.
Portable Vein Finder to Garner Maximum End User Demand; Infrared Technology to Register Fastest Growth in Revenue
Portable Vein Finders are likely to be the most preferred product type in the global Vein Finder market, registering impressive demand as well as sales growth in the coming decade. The convenience and ease of use offered by portable Vein Finders is the primary factor boosting adoption across hospitals, clinics, and other healthcare institutions. The global Vein Finder market is fuelled by advanced technology with infrared technology being the most adopted in Vein Finders. Among the various end users of Vein Finders, hospitals are likely to exhibit the highest demand in the next 10 years, also contributing to maximum revenues in the global Vein Finder market.
Competitive Landscape
The market for Vein Finders is fragmented by nature, with only a few players present. These players are part of several strategic alliances. The product launch and acquisition speed up the manufacturer’s strategy to capitalise on market share and gain a sizable market share.
Furthermore, the corporations are focusing on the launch of new items to boost their product portfolio in the Asia Pacific area in order to expand their clientele and capture the largest market share in emerging economies.
Key Players
AccuVein Inc.
Christie Medical Holdings
Koninklijke Philips N.V
Osang Healthcare Co. Ltd
Teleflex Inc. (Acq. VueTek Scientific, LLC.)
TransLite, LLC
ZD Medical
Vivolight
Venoscope LLC
Shenzhen Bestman Instruments Co., Ltd
Vein Finder Market by Category
By Product:
Portable
Benchtop
By Technology:
Ultraviolet
Infrared
Ultrasound
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Centers and Path Labs
Veterinary Clinics
Home Care Settings
Blood Banks
Actinic Keratosis Treatment Market to Capitalize, Valued at US$8.0 Billion by 2028
According to Future Market Insights (FMI), the global actinic keratosis treatment market was valued at approximately US$ 5.4 billion in 2022 and is anticipated to reach US$ 8.0 billion by 2028. are expected to rise at a 7.0% CAGR through 2028.
The growth of the actinic keratosis treatment market is primarily attributed to factors such as the increasing prevalence of actinic keratosis, rising demand for actinic keratosis treatment products, a promising pipeline of potential drugs, and a preference for topical treatments. Additionally, the market is being driven forward by the rising incidence of skin cancer and the growing demand for minimally invasive procedures.
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Who Is Winning?
The actinic keratosis treatment market report tracks the key market players, which includes GlaxoSmithKline Plc. Nestle SA, Novartis AG, Sun Pharmaceutical Ltd., Leo Pharma Inc. etc. Leading manufacturers in the actinic keratosis treatment market are focusing on acquisitions to enhance their product portfolio. For instance, in November 2015, Leo Pharma A/S completed the acquisition of dermatology business of Astellas Pharma. With this acquisition, the company expanded its dermatology product portfolio segment. Companies are also focusing on segment leadership. In February 2016, Cipher Pharmaceuticals Inc. launched Actikerall for the topical treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis to mark their leadership in topical product segment.
Combination therapies such as topical fluorouracil cryotherapy, PDT and imiquimod therapy, chemical peels, and 5-FU are generally the most prescribed therapies for actinic keratosis. Convenient administration, lower potential for irritation, and systemic absorption continue to underpin their high adoption rate. Development of drugs with increased efficacy and decreased side effects that can be used as combination therapy for actinic keratosis treatment is currently the focal point of global market leaders. Biofrontera AG commercially launched its product Ameluz (2016), used in combination with PDT for actinic keratosis treatment.
Development of minimally invasive drug-device combination therapies and fast track regulatory approval for pipeline drugs will be offering a completely new set of treatment options for actinic keratosis shortly.
Key Takeaways – Actinic Keratosis Treatment Industry Study
Growing use of topical products as the first-line preference for actinic keratosis treatment is offering huge opportunities to market players to develop and launch new topical products for actinic keratosis treatment.
Increasing collaboration activities by key market players of the actinic keratosis treatment market with other companies to broaden their products portfolio is anticipated to propel the actinic keratosis treatment market growth.
For instance, in March 2017, Galderma SA (Nestle Skin Health Company) collaborated with Colorescience, to enhance its product portfolio for aesthetic treatment.
Increasing product approvals of actinic keratosis treatment by regulatory bodies is expected to fuel the actinic keratosis treatment industry growth.
For instance, in March 2018, combination of Ameluz and daylight photodynamic therapy (PDT) by Biofrontera AG got approval from the European Union.
The U.S. and Australia marking rise in incidence and prevalence of actinic keratosis will remain highly prominent markets for actinic keratosis treatment providers.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on actinic keratosis treatment industry in its latest study, presenting historical demand assessment from 2014 to 2018 and projections from 2022 to 2028 based on treatment category (topical treatment, procedural modality, photodynamic therapy and others), disease type (clinical AK and subclinical AK)and end-user (hospitals, laser therapy centers, private dermatology clinics, spas and rejuvenation centers, cancer treatment centers, homecare) in seven key regions.
Actinic Keratosis Treatment Industry By Category
By Treatment Type:
Topical Treatment
5-fluorouracil Cream
Diclofenac Gel
Imiquimod Cream
Ingenol mebutate Gel
Procedural Modality
Chemical Peels
Cryotherapy
Photodynamic Therapy
Others
By Disease Type:
Clinical AK
Subclinical AK
By End User:
Hospitals
Private Dermatology Clinics
Laser Therapy Centers
Cancer Treatment Centers
Spas and Rejuvenation Centers
Homecare
Coagulation Analysers Market Size, Industry Share & Trends - 2032
The Global Coagulation Analyzers Market: Projected to Reach a Valuation of Approximately US$ 1.1 Billion in 2022, Anticipating Robust Growth at a CAGR of 6.8% from 2022 to 2032, Targeting a Valuation of ~US$ 2.1 Billion by 2032. Increasing Adoption in Hospitals and Clinical Laboratories Fuels Demand.
In terms of product segmentation, Standalone Analyzers Set to Dominate the Global Coagulation Analyzers Market with an Estimated 56.2% Share in 2022, Driven by Growing End-User Preference.
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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.
The report offers extensive data sets validating key trends impacting growth in the Coagulation Analysers market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Coagulation Analysers market. With our extensive research and information about the past, current and future market scenario, the Coagulation Analysers market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.
Hemostasis analyzers are medical devices used to assess blood clotting function in patients. They measure the time it takes for blood to clot and the strength of the clot that is formed.
There are different types of coagulation analyzers, including manual and automated instruments. Manual coagulation analyzers require trained laboratory personnel to perform the test, while automated analyzers can perform tests automatically without the need for manual intervention.
Coagulation Analysers Market: Segmentation
By Product:
Standalone Analyzers
Table Top Analyzers
Portable Analyzers
By End User:
Hospitals
Clinical Laboratories
Others
Competitive Analysis
By Prominent Market Players
Meril Life Sciences
Robimes India Pvt. Ltd.
Bpc Biosed Srl
Hycel, Eurolyser
Helena Laboratories
Diagnostica Stago SAS
Beijing Succeeder Technology Inc.
A&T Corporation
Genrui Biotech Inc.
Bio Group Medical System
Others
Why Future Market Insights?
Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Coagulation Analysers market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
Small Molecule API Market Size, Demand & Forecast 2033 | FMI
The global small molecule API market is on the brink of a significant breakthrough, with projections indicating a surge in revenue from US$ 116 billion in 2023 to an impressive US$ 174 billion by 2033. This trajectory is underpinned by an anticipated Compound Annual Growth Rate (CAGR) of 4.1% throughout the forecast period.
A small molecule drug can enter cells easily because it has a low molecular weight. Once inside the cells, it can affect other molecules, such as proteins, and may cause cancer cells to die. Increasing research on small molecule APIs and novel Biologics APIs will boost the market growth. The high-potency drug market is a growing pharmaceutical segment. The increasing prevalence of cancer and other chronic diseases owes to the need for oncology drugs and antibody-drug conjugates.
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The oncology market is growing enormously. High-potency drugs constitute significant new drugs that are under development. Small molecule demand still dominates the API market, however, new biological entity demand is also growing rapidly healthcare expenditure is resulting in new molecule discovery, the evaluation of various molecules for possible disease treatment, and the adoption of an innovative approach to these studies.
As increasing prevalence of chronic disorders like cardiovascular diseases, diabetes, cancer, and infectious diseases, and increasing research on small molecule APIs will boost the market growth. Besides this, government funding for API manufacturing units is also increasing in developing countries like India, Israel, and China. In May 2020, AstraZeneca recovered the global rights to brazikumab from Allergan. Small molecule monoclonal antibody is developed for Crohn’s Disease and Ulcerative Colitis and adds to their growing presence in Immunology
The coronavirus pandemic has changed public medical care needs and spending however this is viewed as a transient effect on the Small Molecule API market. The immense COVID-19 patient pool attracted the spotlight on the treatment of these patients, in turn increasing the demand for small molecule API.
Key Takeaways from Small Molecule API Market Study
As a result of increasing healthcare spending and favorable reimbursement policies, the U.S. accounts for over 87% of the North American small molecule API market
A rising focus on health and wellness will enable the U.K. to exhibit a little below 4% y-o-y growth in 2021
Germany will account for the maximum sales in Europe. Besides this, the demand from France is expected to rise
Increasing investment in research and development within pharmaceuticals will drive sales in China
The use of external resources (people, equipment, and/or expertise) to facilitate the preparation of Active Pharmaceutical Ingredients (API) or advanced intermediates has become a common practice for most pharmaceutical development organizations. In early development, the reasons to seek external support for the manufacture of API were attributed to a number of factors, including a lack of sufficient internal capacity, a need to source unique technical expertise, or a desire to achieve overall cost reductions.
For organizations that have no internal GMP manufacturing capabilities whatsoever (e.g. biotech companies), outsourcing is, of course, a necessity. However, companies that have some level of internal manufacturing capacity may have options to use outsourcing to their strategic advantage. This outsourcing capability has increased the source of generating more revenue for new emerging companies. For the fast growth of the industry, they follow outsourcing strategies.
In addition, key players in the Small Molecule API market are keenly focusing on carrying out strategic activities such as advanced technology for manufacturing, and acquisitions, in order to create a strong position in the market is leading to vigorous developments which is helping the market to grow at a considerable rate.
For Instance, In January 2020, Novartis acquired of operations of Aspen in Japan. This acquisition strengthened Sandoz’s position in the world market of off-patent medicines and generic drugs manufacturing.
Key Participant Insights
Various manufacturers are undergoing partnerships, collaborations, acquisitions, and distribution agreements to improve their market footprint.
For Instance, in December 2020, Pfizer Inc. and PostEra announced a strategic partnership with the goal of accelerating small molecule drug discovery by developing a platform technology based on generative chemistry.
Also, in January 2020, Merck announced its strategic collaboration for an oncology platform with Taiho Pharmaceutical Co, Ltd. And Taiho Pharmaceutical Co., Ltd to expand its focus on small molecule inhibitors for cancer research.
Key players in the Small Molecule API market are focusing on developing novel drugs due to their demand across various therapeutic areas. Some of the key players are
Hoffmann-La Roche Ltd, Albany Molecular Research Inc., AstraZeneca, Merck & Co., Inc., BASF SE, Teva Pharmaceutical Industries Ltd., Sanofi S.A., Pfizer Inc., Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Novartis AG, Bristol-Myers Squibb, Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, GILEAD Science Inc.,
Small Molecule API Market by Category Molecule Type
Standard API
HPAPI
Production
Captive/In-House
Out Source
Application
Clinical
Commercial
Therapeutic Area
Cardiovascular Diseases
Respiratory Disorders
Infectious Diseases
Metabolic Disorders
Oncology
Immunology
Neurology
Urology
Dermatology
Ophthalmology
General Health
Others
North America Medical Cart Industry Size is Anticipated to Acquire US$ 3,750.98 million by 2034
It is anticipated that the medical cart industry in North America would grow from US$ 2,361.09 million in 2024 to US$ 3,750.98 million by 2034. The Medical Cart Industry Analysis in North America is predicted to develop at a CAGR of 4.7% over the next ten years, which will propel this projected expansion.
Healthcare organizations and government bodies in North America are taking the initiative to meet the requirements of the present population by increasing healthcare expenditure. Upsurge in healthcare expenditure assists healthcare organizations in enhancing their inventory of equipment and facilities like medical carts. As per the statistics shared by Harvard Business Review, the United States healthcare system spent about US$ 1 trillion on healthcare delivery.
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Market players are improving their market position by participating in conferences, coming into contract agreements, and partnering to gain hold of additional customers. These tactics are assisting companies to extend their geographic reach and access to services, products, or new types of customers.
An increase in healthcare providers is shifting to medical carts equipped with EMR systems to track medical data on the spot for a continued vision over the entire treatment progress. The use of advanced medical carts featuring touch panels to store and access data on EMR medical carts is expected to enhance the scope of medical carts in North America.
Key Takeaways:
In the historical period, the market grew at a rate of 5.6% to attain a market share of US$ 3,582.60 million in 2023.
The United States medical cart industry is predicted to expand at a CAGR of 5.2% through 2034.
The Canada medical cart industry is anticipated to register a CAGR of 6.2% through 2034.
Based on product type, the real-time locating system segment is projected to acquire a value share of 36.80% in 2024.
Based on end users, the diagnostic center segment is anticipated to obtain a value share of 36.80% in 2024.
Key Tactics Employed by Players Operating in the Medical Cart Industry Analysis in North America:
The medical cart industry in North America is characterized as significantly fragmented. Market players are investing in activities like research and development to create more functional medical carts that meet the requirements of healthcare providers. Participants are also extending their product line to include carts for an extensive range of applications. Players are further introducing specialized medical carts under competitive price ranges to attract customers.
Key Developments:
In December 2022, GCX Mounting Solutions, a leading provider of healthcare-focused mobility and mounting solutions, officially announced that it had acquired Jaco, Inc. The latter company specializes in branded point-of-care IT workstation solutions for healthcare markets, such as non-powered carts, powered carts, video-presentation carts, and wall arms. The acquisition is projected to be strengthened by the addition of Jaco’s battery-powered EVO Series mobile carts.
In August 2021, Ergotron launched an updated CareFit Pro Medical Cart to enhance the well-being and quality of care of caregivers. The launch has incorporated customizable accessories and drawers to streamline workflow.
Key Segments:
By End User:
Hospitals
Clinics
Ambulatory Surgical Centres
Diagnostic Centres
Others
By Material Type:
Metal
Plastic
Wood
By Energy Source:
Powered
Non-Powered (Mechanical)
By Product Type:
Emergency Carts
Procedure/Treatment Carts
Anaesthesia Carts
Medical Computer Carts
Others
By Country:
The United States
Canada
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