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Veterinary Eye Care Market set to witness surge in demand over the forecast period of 2020-2030

5 min read

Veterinary Eye Care Market: Overview

The veterinary eye care market may take a leap of growth during the forecast period of 2020-2030 due to an increase in the global adoption of pets and the rising cases of eye diseases among pets. Awareness about veterinary care is also an important factor that will bring good growth opportunities for the veterinary eye care market. Diabetes in pets leads to poor vision. The growing cases of diabetes among pets may also serve as an affluent growth generator for the veterinary eye care market.

Based on treatment, the veterinary eye care market can be segmented into medical treatment and surgery. Medical treatments include ointments, injections, drugs, and eye drops. Surgery includes diode laser surgery, cataract phacoemulsification and lens replacement, glaucoma drainage implant surgery, automated vitrectomy, and others.

This report on the veterinary eye care market conducts thorough research on various parameters for analyzing the ideal growth generating factors. This aspect proves to be of great help to the market stakeholder and helps them to design their business strategies accordingly. This report also covers the rapidly changing veterinary eye care market scenario. The report also sheds light on the effects of COVID-19 on the veterinary eye care market through the forecast period of 2020-2030.

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Veterinary Eye Care Market: Competitive Landscape

The veterinary eye care market is highly fragmented. The players of the veterinary eye care market are involved in neck-to-neck competition in the race of producing effective veterinary eye care mechanisms and drugs. Key players are always involved in mergers and acquisitions for maintaining their influence on the veterinary eye care market. Diverse players in the veterinary eye care market are also concentrating on developing eye drops and ointments that give temporary relief to minor eye disorders as home treatment gains traction over the forecast period.

The production of customized equipment for various canine-related eye procedures such as eyelid surgery, dislocated lens surgery, dry eye surgery, and others may gain substantial traction. Some well-entrenched players in the veterinary eye care market are I-Med Animal Health, Akorn Inc., Bausch & Lomb Inc., and Animal Eye Care LLC.

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Veterinary Eye Care Market: COVID-19 Assessment

The COVID-19 pandemic has led to disruptions in the economic scenario of the globe and the veterinary eye care market is no stranger to the negative development. However, veterinary eye care, being market under the essential services is better-placed as compared to other sectors to weather the storm. As operations related to veterinary eye care are in full force even during the lockdown period, the market may suffer minimum losses.

Due to the COVID-19 outbreak, home care has gained preference due to the stay-at-home orders. As a result, eye drops and ointments for providing relief to minor eye disorders may serve as growth multipliers for the veterinary eye care market.

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Veterinary Eye Care Market: Growth Restraints

Advanced veterinary eye treatment infrastructure is not affordable and requires high investment. This factor can hinder the growth of the veterinary eye care market. The people in developing economies do not have much awareness about pet eye care. This aspect may also prove to be a growth dampener for the veterinary eye care market.

Veterinary Eye Care Market: Geographical Outlook

The veterinary eye care market is spread across Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. North America may serve as a prominent growth generating region throughout the forecast period. According to the American Pet Products Association (APPA), 67% or 85 million families own a pet. These statistics highlight the future course of the veterinary eye care market. Europe may also gain considerable growth across the forecast period due to efficient pet policies and escalating pet adoption statistics.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Dental Practice Management Software Market projected to expand at a CAGR of 11.4% from 2019 to 2027

5 min read

Transparency Market Research (TMR) has published a new report titled, ‘Dental Practice Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027’. According to the report, the global dental practice management software market was valued at US$ 1,984.4 Mn in 2018 and is projected to expand at a CAGR of 11.4% from 2019 to 2027.

Overview

  • Dental practice management software is both administrative as well as clinical tool that is designed to aid dentists and practice management professionals to run their practices efficiently and effectively.
  •  The dental practice management software are featured with administrative tools such as online appointment bookings, accounting, and report generation, e-billing and insurance claiming facilities.
  • The clinical features offered by the dental practice management software includes the patient charting, periodontal charting, treatment planning and e-prescription facilities and dental imaging and integration with other practice management software. The software aids in maintaining high quality standard of patient care, is easy to use, saves time, and regularizes the data.
  • North America dominated the global dental practice management software market in 2018 and the trend is anticipated to continue during the forecast period. High adoption of digital platforms for the dental practice management, high digital healthcare IT budgets and government initiative to promote the digital healthcare facilities have contributed to leading share of North America in the global DPMS market.
  • Asia Pacific is likely to be a highly lucrative market for dental practice management software and it is expected to expand at a high CAGR during the forecast period

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Value Added Features Offered by the Dental Practice Management Software to Drive Market

  • Value added features offered by the various dental practice management software in order to streamline the day to day work flow and increase the revenue of the practices. The dental practice management software provides the wide range of features and benefits ranging from patient scheduling, treatment planning, clinical charting, electronic prescriptions, billing, insurance claims and business analytical solutions to the dentists and hospitals.
  • These features help dentists and hospitals streamline their daily workflow and manage their practice efficiently and effectively.
  • The key players offering the dental practice management software are coming up with the value added features such as patient communication and online appointment scheduling features, accounting feature, and imaging modules that eliminates the need for the separate software for each tasks, thereby reducing the overall operating cost and thus, improves the overall effectiveness and efficiency of dental practices.

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On Premise Segment to Dominate Market

  • In terms of deployment mode the global DPMS market is segmented into on premise and cloud based DPMS. Large installed base of on-premise dental practice management software, availability of subscription-based DPMS models led to the prominent share of on-premise DPMS software in 2018.
  • Rising adoption of on-premise in emerging economies is projected to drive the segment during the forecast period.

Patient Management and Billing to be Highly Lucrative Segment

  • By application, the global market is segmented as patient management & billing and clinical application.
  • The patient management & billing segment dominated the global dental practice management software market in 2018 and is projected to continue its dominance throughout the forecast period.
  • Wide adoption of digital platform by the young population for appointment booking and scheduling, increasing need for optimum performance dental practices, and value added services like e-billing, cashless payment systems and easy insurance claiming features etc. factors led to prominent share of segment in 2018.

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Competitive Landscape

  • The global dental practice management software market is fragmented in terms of number of players. Key players operating in the global dental practice management software market includes, Patterson Companies Inc., Curve Dental Inc., DentMax LLC, Ace Dental, Henry Schein Inc., Carestream Dental LLC, Open Dental Software, Planet DDS, Inc. Web.com Group, Inc. and MOGO, Inc.

 About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Ornithine Transcarbamylase (OTC) Deficiency Treatment Market projected to expand at a CAGR of ~4% from 2020 to 2030

6 min read

Ornithine Transcarbamylase (OTC) Deficiency Treatment Market: Introduction

According to the report, the global ornithine transcarbamylase (OTC) deficiency treatment market was valued at ~US$ 600 Mn in 2019. It is projected to expand at a CAGR of ~4% from 2020 to 2030. Ornithine transcarbamylase (OTC) deficiency is a rare X-linked genetic disorder characterized by partial or complete lack of the enzyme ornithine transcarbamylase (OTC). OTC is one of six enzymes that play a role in the breakdown and removal of nitrogen in the body, a process known as urea cycle. Ammonia-scavenging drugs have been utilized in the treatment of urea cycle disorders. Benzoate and Glycerol/Sodium Phenyl Butyrate (NaPB) target liver-nitrogen metabolism by offering an alternative pathway for nitrogen disposal through the urinary excretion of hippurate and phenylacetylglutamine. A combination of a high biological value natural protein, an essential amino acid formula and a calorie supplement without protein and essential amino acids supplements may also be employed for the treatment of ornithine transcarbamylase deficiency. 

North America dominated the global ornithine transcarbamylase (OTC) deficiency treatment market in 2019. It is expected to dominate the global market, in terms of revenue, during the forecast period.

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Rise in Prevalence of Ornithine Transcarbamylase (OTC) Deficiency and Development of New Therapies to Drive Global Market

The surge in the number of patients with ornithine transcarbamylase (OTC) deficiency is likely fuel the global ornithine transcarbamylase (OTC) deficiency treatment market. The development of new therapies for ornithine transcarbamylase (OTC) deficiency treatment in the near future and favorable reimbursement policies for OTC deficiency treatment coupled with various patient assistance programs provided by several international and regional organizations are major factors driving the global ornithine transcarbamylase (OTC) deficiency treatment market.

For instance, in January 2020, The Assistance Fund (TAF), an independent charitable patient assistance foundation that helps patients and families facing high medical out-of-pocket costs, announced the launch of a new financial assistance program for people living with urea cycle disorders. Formulation modification for better patient compliance is also a key factor driving the global ornithine transcarbamylase (OTC) deficiency treatment market.

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Ravicti to Dominate Global Market

Based on product, the global ornithine transcarbamylase (OTC) deficiency treatment market has been segmented into Buphenyl, Ravicti, Ammonul, dietary supplements, and others. The Ravicti segment accounted for a major share of the global market in 2019 due to higher efficacy and cost of drug, and better patient compliance, which contributes toward higher revenues. The Buphenyl segment followed the Raviciti segment, in terms of share of the global market, in 2019, owing to pipeline products with improved patient compliance and lesser cost to patients.

Oral a Preferred Route of Administration

In terms of route of administration, the global ornithine transcarbamylase (OTC) deficiency treatment market has been bifurcated into oral and intravenous. The oral segment dominated the global ornithine transcarbamylase (OTC) deficiency treatment market in 2019. It is expected to maintain its dominant share by 2030. Oral is also a highly lucrative segment. It is projected to expand at a notable CAGR during the forecast period, owing to patient preference for oral route and convenience offered by the oral route, approval & launch of oral medication, availability of a large number of products that can be administered through oral route, and new products with improvement in formulation modification for taste masking.

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North America to Dominate Global Market

In terms of region, the global ornithine transcarbamylase (OTC) deficiency treatment market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global ornithine transcarbamylase (OTC) deficiency treatment market in 2019, owing to a rise in the total number of reported cases of ornithine transcarbamylase (OTC) deficiency, favorable reimbursement policies, presence of major companies, various clinical studies in the region for urea cycle disorder, and better screening approaches for rare diseases. For instance, according to the U.S. National Library of Medicine, prevalence of ornithine transcarbamylase deficiency have ranged from 1 in 14,000 to 1 in 77,000 people in the U.S. The market in Asia Pacific is projected to expand at a higher CAGR during the forecast period, owing to increase in awareness about ornithine transcarbamylase (OTC) deficiency and other urea cycle disorders, surge in screening of patients for the diagnosis of ornithine transcarbamylase (OTC) deficiency, increase in distribution tie-ups between major companies, and rise in investments by major companies in the region.

Competition Landscape

The global ornithine transcarbamylase (OTC) deficiency treatment market is fragmented in terms of the number of players, with entry of several new players. Key players in the global market include Abbott, Nutricia (Danone Group), Mead Johnson (Reckitt Benckiser), Horizon Therapeutics plc, Nestlé, Bausch Health Companies, Inc., Ultragenyx Pharmaceutical Inc., Arcturus Therapeutics, Inc., and Acer Therapeutics. Mergers, acquisitions & strategic collaborations, distribution tie-ups, increased research & development expenditure, and new product launches are major strategies adopted by companies in the global ornithine transcarbamylase (OTC) deficiency treatment market.

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Medical Waste Containers Market projected to expand at a CAGR of 5.1% from 2019 to 2027

5 min read

Transparency Market Research (TMR) has published a new report titled, ‘Medical Waste Containers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global medical waste containers market was valued at US$ 1.7 Bn in 2018 and is projected to expand at a CAGR of 5.1% from 2019 to 2027.

Overview

  • Medical waste consists of discarded biological products removed from health care facilities. The 1988 Medical Waste Tracking Act defines medical waste as the waste material generated during medical research, testing, diagnosis, immunization, or treatment of either human beings or animals.
  • Medical waste containers are used by waste generators to collect waste that is generated by health care facilities. They are available in different designs depending upon the type of waste that is to be collected. Containers are defined by specific colors and labels to make them distinguishable from others.
  • North America dominated the global medical waste containers market in 2018 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increase in prevalence of major chronic diseases and are expected to drive the market in North America.
  • Asia Pacific is likely to be a highly lucrative market for medical waste containers and it is expected to expand at a high CAGR during the forecast period

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Rapidly growing health care and pharmaceutical industries and Initiatives by governments and non-government organizations (NGOs) to Drive Market

  • Increasing R&D activities, rising pool of patients suffering from chronic diseases, and rapidly growing health care and pharmaceutical industries worldwide are some factors that lead to increase in the demand for collection of medical waste from large as well as small medical waste generators across the world
  • Medical waste management is a critical issue worldwide. In order to ensure safety from hazardous medical waste, several government organizations such as the Food and Drug Administration (FDA), the Environment Protection Agency (EPA), and the Drug Enforcement Administration (DEA) are constantly working toward proper management of medical waste.
  • Several non-government organizations (NGOs) and community-based organizations (CBOs) are stepping in to help hospitals and other health care facilities collect, recycle, and dispose of medical waste. For instance, Intervol, a New York-based NGO, is actively engaged in collecting unused medical supplies. It encourages health care facilities to recycle such unused supplies and reduce costs of their disposal.

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Pharmaceutical Containers Segment to Dominate Market

  • Based on product type, the global medical waste containers market has been divided into chemotherapy containers, biohazard containers, RCRA containers, pharmaceutical containers, and sharp containers. The pharmaceutical containers segment dominated the global medical waste containers market in 2018 and the trend is projected to continue during the forecast period. Increased investment by key players in the pharmaceutical sectors and increasing R&D activities in the medical field. The biohazard medical waste containers segment is a prominent segment of the global medical waste containers market.
  • Biohazard containers segment is likely to be a highly lucrative market for medical waste containers and it is expected to expand at a high CAGR during the forecast period. Health care institutions generate enormous amount of waste which is considered potentially hazardous. Hospitals generate around 0.5 to two kilograms of hazardous waste per bed per day, which is projected to propel the growth of this segment.

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North America to Dominate Global Market

  • In terms of region, the global medical waste containers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global medical waste containers market in 2018, followed by Europe.
  • North America accounted for major share of the global medical waste containers market in 2018. This is attributable to highly developed health care sector, rise in prevalence of infectious & chronic diseases that require advanced medical & surgical aids and generate significant medical waste and residues, and presence of established players in the U.S.
  • The medical waste containers market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be attributed to Increase in awareness about medical waste management, growth in pharmaceutical sectors in countries such as China, Japan, and India, and establishment of stringent regulations for the proper disposal of medical waste by government organizations are anticipated to trigger the growth of the medical waste containers market in Asia Pacific.

Competitive Landscape

  • The global medical waste containers market is fragmented in terms of number of players. Key players in the global market include Sharps Compliance, Inc., Henry Schein, Inc., BD, Medtronic, Daniels Health, Bemis Manufacturing Company, Bondtech Corporation, Terra Universal, Inc., Thermo Fisher Scientific, Inc., EnviroTain, LLC, and MAUSER Group and other prominent players.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Topical Antibiotics Market projected to grow at a rapid pace from 2019 to 2027

6 min read

Topical Antibiotics Market: Introduction

According to the report, the global topical antibiotics market was valued at US$ 5.8 Bn in 2019 and is projected to grow at a rapid pace from 2019 to 2027. Topical antibiotics are preparations manufactured in cream or ointment form that can be applied directly over the skin. Topical antibiotics are used for indications such as acne vulgaris, fungal skin infections, viral skin infections, and second line option for localized impetigo. Several topical antibiotics are available as over-the-counter (OTC) and prescription products.

High Prevalence and Increase in Incidence Rate of Dermatological & Ophthalmic Disorders to Drive Global Market

Dermatological and ophthalmic disorders differ across the globe based on geographic location, climatic conditions, socioeconomic status, lifestyles, age, gender, heredity, and personal habits. High prevalence and substantial increase in incidence rate of various dermatological and ophthalmic infectious disorders across the globe are key factors driving the global topical antibiotics market. According to the World Health Organization (WHO), over 900 million people were affected with skin disease in 2017 and around 80% of the skin disorders account for five common skin disorders. Acne is one of the most prevalent skin disorders, affecting around 9.4% of the global population. It is the eighth most prevalent disease across the world.

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According to the American Academy of Dermatology (AAD), acne is the most common skin disease in the U.S. that affects around 50 million people every year. Moreover, around 85% of youngsters between the ages 12 and 24 experience at least minor acne. Rosacea affects around 16 million people in the U.S. each year. Over 3 million cases of impetigo are reported in the country every year. Moreover, rhe prevalence rate of acne in Europe is around 57.8% and conjunctivitis affects about 6 million people in the U.S. every year. Hence, increase in incidence rate of dermatological and ophthalmic disorders across the globe and rise in awareness about various skin diseases are projected to drive the topical antibiotics market during the forecast period.

Tetracycline to Lead Global Market

In terms of drug class, the global topical antibiotics market has been classified into tetracycline, aminoglycosides, erythromycin, clindamycin, and others. The tetracycline segment dominated the global topical antibiotics market during the forecast period. The growth of the segment can be attributed to a large number of existing and pipeline drugs in this class, which are likely to be introduced by the end of 2022. Significant usage in treating bacterial infections is a key factor driving the tetracycline segment.

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Gels to Offer Lucrative Opportunities

Based on dosage form, the global topical antibiotics market has been categorized into ointments, creams, powder, gels, and others. The gels segment is likely to dominate the global topical antibiotics market during the forecast period. The dominance of the segment can be attributed to properties of gels such as easy to apply, transparent, and protective barrier on sensitive skin.

Skin Infection to Propel Demand for Topical Antibiotics

In terms of indication, the global topical antibiotics market has been divided into skin infection, eye infection, bromhidrosis, and others. The skin infection segment dominated the global topical antibiotics market in 2019. An infection of the skin can be caused by bacteria, fungus, viruses, or parasites. When this happens, it can cause pain, swelling, other types of discomfort, and skin color changes. A skin infection could be mild or serious. The four types of skin infection are bacterial, viral, fungal, and parasitic.

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Topical Antibiotics Market: Prominent Regions

In terms of region, the global topical antibiotics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global topical antibiotics market in 2019, followed by Europe. The U.S. accounted for the largest share of the market in North America in 2019. Increase in customer awareness about health and well-being coupled with rise in healthcare costs drives the demand for topical antibiotics in the region. Moreover, surge in incidence of injuries and trauma, and follicular keratinization caused by large deposits of fatty acids contribute to increase in incidence of acne in the U.S. This can be attributed to sedentary lifestyle and increased propensity to consume fatty food items among people in the country.

High prevalence of bacterial infections and rise in the per capita healthcare expenditure in North America are expected to propel the market in the region during the forecast period.

Launch of Innovative Products and M&A by Key Players to Augment Global Market

The global topical antibiotics market is highly fragmented with a large number of players holding majority share in domestic markets. Development and commercialization of topical antibiotics are key trends in the global topical antibiotics market. Moreover, companies are engaged in broadening product offerings in topical antibiotics and strengthening positions in the global market. Prominent players operating in the global topical antibiotics market include Novartis AG, GlaxoSmithKline plc, Perrigo Company plc, Pfizer, Inc., Almirall, S.A., Bausch Health Companies, Inc. (Valeant Pharmaceuticals International, Inc.), Medimetriks Pharmaceuticals, Inc., Taro Pharmaceutical Industries Ltd., and Mayne Pharma Group Limited.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Interventional Radiology Drainage Procedures Market projected to expand at a CAGR of ~6% from 2020 to 2030.

6 min read

Interventional Radiology Drainage Procedures Market: Introduction

According to the report, the global interventional radiology drainage procedures market was valued at US$ 0.59 Bn in 2019 and is projected to expand at a CAGR of ~6% from 2020 to 2030. An abscess is an infected fluid collection within the body. Percutaneous abscess drainage uses imaging guidance to place a needle or catheter through the skin into the abscess to remove or drain the infected fluid. It offers faster recovery than open surgical drainage. In terms of type, the global interventional radiology drainage procedures market has been classified into catheter, stent, and others. Drainage catheters are available in different sizes, shapes, and types. An interventional radiologist will choose a catheter according to the type of fluid, along with other factors. High prevalence of target diseases and increase in preference for minimally invasive surgeries boost the growth of the global interventional radiology drainage procedures market. North America dominated the global interventional radiology drainage procedures market in 2019 and the trend is anticipated to continue during the forecast period. High prevalence of diseases and well-established healthcare infrastructure that enables proper diagnosis and adoption of cost-effective minimally invasive procedure for abscess drainage can be attributed to the region’s large market share.

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Asia Pacific is expected to be a highly lucrative market for interventional radiology drainage procedures during the forecast period. Majority of countries in Asia Pacific are economically developing and a number of players are making significant investment in the region. These factors drive the market in Asia Pacific. Rise in technological advancements in countries in terms of healthcare and medical research is anticipated to fuel the growth of the market in the region.

Rise in Patient Preference for Minimally Invasive Surgeries and Cost-effective Drainage Procedures to Drive Global Market

The demand for minimally invasive surgeries has increased significantly in the past few years. Advantages, such as fewer post-surgery complications & side effects, shorter patient recovery period, and shorter hospital stay are prompting patients to opt for minimally invasive surgeries. Minimally invasive procedures utilize advanced technology to reach internal organs through small incisions leading to decreased pain, small incisions, low risk of infection, shorter hospital stay, quicker recovery time, less scarring, and reduced blood loss compared to traditional surgeries. Hence, rise in the number of minimally invasive surgeries is expected to drive the global interventional radiology drainage procedures market during the forecast period.

Interventional radiology procedures are less expensive than invasive procedures and other treatment alternatives. Moreover, existing reimbursement policies for image-guided drainage procedure drive the market. According to a survey conducted by the Urgent Care Association of America (UCAOA), about 51% of urgent care revenue is currently reimbursed by private insurance and 14% by Medicare. According to industry experts, favorable insurance coverage is expected to influence the global interventional radiology drainage procedures market significantly by penetrating the sub-urban areas.

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Catheters to Dominate Global Market

In terms of type, the global interventional radiology drainage procedures market has been divided into catheter, stent, and others. The catheter segment has been segregated into multipurpose drainage catheters, nephrostomy drainage catheters, biliary drainage catheters, cholecystostomy catheters, and others. The catheter segment dominated the global interventional radiology drainage procedures market in 2019 and the trend is likely to continue during the forecast period. The growth of the segment is attributable to the increase in demand for catheters, owing to rise in cases of target diseases. In December 2019, Merit Medical launched ReSolve Mini Locking Drainage Catheter, which is up to 42% smaller than the standard ReSolve Locking Drainage Catheter pigtail, and allows the catheter to be placed into small fluid pockets.

Abdomen to be Key Application Area

Based on application, the global interventional radiology drainage procedures market has been classified into abdomen, pelvis, and others. The abdomen segment dominated the global interventional radiology drainage procedures market in 2019. Percutaneous computed tomography (CT)-guided catheter drainage has become the standard treatment for most intra-abdominal abscesses, as it avoids anesthesia and possibly difficult laparotomy. It also prevents the possibility of wound complications from open surgery, and could reduce the length of hospitalization.

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Hospitals to be Major End User

Based on end user, the global interventional radiology drainage procedures market has been classified into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment dominated the market in 2019. The segment is expected to expand at the highest CAGR from 2020 to 2030. The growth of the segment can be attributed to increase in adoption of intervention radiology (IR) in hospitals due to technological advancements such as real-time imaging systems.

North America to Dominate Global Market

The global interventional radiology drainage procedures market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2019, followed by Europe. North America accounted for a major share of the global interventional radiology drainage procedures market in 2019, owing to rise in adoption of new technology and increase in the number of various disorders. The interventional radiology drainage procedures market in Asia Pacific is anticipated to expand at a higher CAGR from 2020 to 2030. The expansion of the interventional radiology drainage procedures market in the region can be attributed to rise in prevalence of disorders and increase in awareness about the diagnosis and newer technologies available for the treatment.

Competition Landscape

Boston Scientific, Cook Medical, and Merit Medical are the three major companies in the global interventional radiology drainage procedures market. The global interventional radiology drainage procedures market is fragmented in terms of number of players. Key players in the global market include Boston Scientific Corporation, Cook Medical LLC, Teleflex Incorporated, UreSil, LLC, Merit Medical Systems, APR Medtech Ltd., Argon Medical Devices, Inc., Rocket Medical plc, Optimed, and BIOTEQUE CORPORATION.

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Sinus Dilation Devices Market : Emerging Trends, Business Growth Opportunities, Major Driving Factors

5 min read

Advances in endoscopic techniques have expanded the scope of different sinus dilation devices market in ENT care. The sinus dilation devices market has reaped a substantial revenue gains from the growing clinical acceptance of balloon sinuplasty (BS) among otolaryngologists and patients. Growing uptake in patients with chronic rhinosinusitis is a case in point. The global ENT industry has been quick to adopt systems that reduces the total cost of care for patients, thereby augmenting the prospect of BS in office settings.

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Meanwhile, new avenues in the sinus dilation devices market have been fueled by research and development of new type of devices particularly sinus stents that are of the drug eluting type. The segment will contribute to the revenue of the global market at rapid rate. Further, over the years, numerous standalone sinus procedures have been gathering steam in patients.

Some of the well-entrenched players in the sinus dilation devices market are Smith & Nephew plc, Medtronic Plc, KARL STORZ, Olympus Corporation, Stryker ltd., and Meril Life Sciences Pvt. Ltd.

The global sinus dilation devices market stood at US$2021.4 in 2017 and is projected to clock a CAGR of 8.2% during 2018–2026.

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Focus on Expanding the Continuum of Care in ENT Catapults North America to Prominence

Constant focus on expanding the continuum of care has unleashed a spirit of innovation among medical makers and endoscopy manufacturers, especially in developed nations. More notably, this has been fueling the prospects of the North America sinus dilation devices market over the past several years. Together with Europe, it accounted for more than three-fourth of the regional shares in the global sinus dilation devices market. Uptake of cutting-edge technologies for sinus surgeries in the nations of these regions is factor upholding the high growth in these regional markets.

More recently, new untapped avenues in Asia Pacific has motivated several players to shift their attention there. Especially Japan and India are becoming emerging markets with growing populations with sinusitis.

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Balloon Catheter Dilation Techniques Gain Popularity

Growing demand for minimally-invasive procedure for patients with chronic rhinosinusitis is one of the key trends boosting the sinus dilation devices market. The advent of sinus dilation devices has complemented endoscopic sinus surgery procedures.

Growing acceptance of balloon catheter dilation for the treatment of chronic rhinosinusitis has considerably expanded the revenue potential in the sinus dilation devices market. They are frequently being adopted for functional endoscopic sinus surgery. The trend has been fueled by patients moving from inpatient to outpatient settings for the treatments in various parts of the world. The prevalence of chronic rhinosinusitis has also spurred candidates for balloon catheter dilation, as is evident in case of chronic rhinosinusitis.

Design advances have led to advent of sinus dilation devices that can navigate difficult sinus anatomy. These have increased the scope of new systems in the sinus dilation devices market. Growing utilization balloon catheter dilation tools among surgeons in developed countries is boosting the market. Expanding guidelines in key regions pertaining to key indications for balloon sinuplasty help cement the prospects. 

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Sinus Dilation Devices (Balloon Sinus Dilation, Sinus Stents, Endoscopy (Rhinoscopes and Sinuscopes), FESS Instruments; Procedure – Standalone and Hybrid; Patient Type – Adult and Pediatric; End User – Hospitals, Ambulatory Surgical Centers, and ENT Clinics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018–2026.”

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Sample Preparation Market projected to expand at a CAGR of 6.6% from 2019 to 2027

6 min read

Transparency Market Research (TMR) has published a new report titled, ‘Sample Preparation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Sample Preparation market was valued at US$ 5,644.3 Mn in 2018 and is projected to expand at a CAGR of 6.6% from 2019 to 2027.

Overview

  • Sample preparation is one of the crucial steps in analysis of any particular biological substance or chemical. Analytical procedure usually consists of steps such as sampling, sample preservation, sample preparation, separation, detection and data analysis.
  • Analytical procedure usually consists of steps such as sampling, sample preservation, sample preparation, separation, detection and data analysis. After sampling and sample preservation, the next vital step is usually the sample preparation which consumes over 70% of the analysis time
  • North America dominated the global Sample Preparation market in 2018 and the trend is anticipated to continue during the forecast period. The growth of the market in the region can be attributed to high adoption of superior technologies across all end-user segments. Moreover, investments in cutting edge genomics, proteomics, and epigenetics research; rising emphasis on remedies for environmental concerns, and concentration of some of the world’s major pharmaceutical and biotechnology organizations and academic institutes in the region will propel the sample preparation market in this region.

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Rise in Prevalence of Depression and Increase in Geriatric Population to Drive Market

MDD is a commonly diagnosed form of depression. In 2015, around 16.1 million adults aged 18 years and above in the U.S. experienced at least one major depression episode. This represented 6.7% of all adults in the country. Depression is the leading cause of disability among people aged between 15 and 44 in the U.S. More than 41,000 suicides are committed every year in the U.S. Depression is one of the most common illnesses among the elderly population. In addition to the common risk factors prevalent among all age groups, chronic diseases, restricted mobility, bereavement, abuse, isolation, and loss of income are the major risk factors for depression among the geriatric population. The prevalence of depression among adults aged 65 and older is estimated to be between 5% and 10%. Depression is projected to be the second leading cause of disease burden in this age group by 2020.

Atypical Antidepressants Drug Class to Dominate Market

Based on drug class, the global Sample Preparation market has been divided into Selective Serotonin Reuptake Inhibitors (SSRIs), Serotonin and  Norepinephrine Reuptake Inhibitors (SNRIs), atypical antidepressants, tricyclic antidepressants,  and others. The atypical antidepressants segment dominated the global Sample Preparation market in 2019. This trend is projected to continue during the forecast period, as it is first-line of treatment, and due to increase in cases of depression and launch of new drugs.

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Solid-phase Extraction Segment to Dominate Market

  • Based on technique, the global Sample Preparation market has been divided into solid phase extraction, protein precipitation, liquid-liquid extraction, and others. The solid-phase extraction segment dominated the global Sample Preparation market in 2018 and the trend is projected to continue during the forecast period. In terms of usage, solid-phase extraction has been the most popular sample preparation technique owing to its key advantages over other techniques. The advantages include ease of automation, high analyte recovery, lack of emulsion formation, and superior reproducibility and specificity.

Instruments to be Highly Lucrative Segment

  • In terms of product, the global Sample Preparation market has been classified into instruments, consumables, kits, and accessories.
  • The instruments sample preparation segment dominated the Sample Preparation market. Developments in the pharmaceuticals industry have increased demand for sample analysis. Hence, the global market for sample preparation products is expanding at a much faster rate than ever. Sample preparation products for SPE have become indispensable tools in laboratories across the globe.

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North America to Dominate Global Market

  • In terms of region, the global Sample Preparation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global Sample Preparation market in 2018, followed by Europe.
  • North America accounted for the largest share of the global sample preparation market due to high adoption of superior technologies across all end-user segments. Additionally, investments in cutting edge genomics, proteomics, and epigenetics research; rising emphasis on remedies for environmental concerns, and concentration of some of the world’s major pharmaceutical and biotechnology organizations and academic institutes in the region drive the market.
  • The Sample Preparation market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. The biopharma-emerging market in Asia Pacific is set to witness the highest growth rate during the forecast period as major economies in the region are exploring and enhancing research and development capabilities in several fields in the bioscience domain.

Competitive Landscape

  • The sample preparation market is dominated by Thermo Fisher Scientific, Inc., Merck KGaA, PerkinElmer, Inc. and Agilent Technologies. These companies combined represented a market share of about 59% in 2018. The other leading players in the global sample preparation market include Bio-Rad Laboratories, Danaher Corporation, Roche, Qiagen, Restek Corporation, Waters Corporation, Tecan Group, Phenomenex Inc., Biotage , and Illumina Inc., among others.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Intracranial Stents Market Report Analysis With Industry Share

4 min read

Transparency Market Research (TMR) has published a new report titled ‘Intracranial Stents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global intracranial stents market was valued at US$ 298.7 Mn in 2017. It is projected to expand at a CAGR of 10.4% from 2018 to 2026. Aging population and longer life-expectancy, increased awareness, and acceptance of advanced devices are key factors that are likely to drive the intracranial stents market from 2018 to 2026.

Intracranial stents is a considerably less invasive technique, as compared to the conventional open surgery, for the management of vascular malformation. Hence, there are fewer complications and the hospital stay is relatively brief. Blood loss is lesser than traditional surgical treatment, and there is no obvious surgical incision. Intracranial stents can be used to treat tumors and vascular malformations that either cannot be removed surgically or would involve great risk if surgery was attempted. Intracranial stents is an effective and safe minimally-invasive alternative to surgery.

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The report offers detailed segmentation of the global intracranial stents market based on product type, disease indication, end-user, and region. In terms of product type, the self-expanding stents segment accounted for a dominant share of the market in 2017. High flexibility and low chances of restenosis has paved the way for the introduction of self-expanding stents and thereby, has fuelled the market. The introduction of advanced intracranial stents has revolutionized the intracranial stents market; factors such as reduction in infection risk, fast recovery are expected to drive the demand for intracranial stents during the forecast period.

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Intracranial stenosis segment to account for major share

The intracranial stenosis segment is expected to account for a leading share of the market by the end of 2026. Rapid rise in the geriatric population, increase incidence of stroke, and technological innovation in neurology care devices are expected to drive the segment during the forecast period.

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Market in Asia Pacific to expand at a significant pace

North America held a major share of the global market, in terms of revenue, and is expected to maintain its position during the forecast period. North America is home to several key market players, such as Cook Medical, Johnson & Johnson Services, Inc., and Boston Scientific Corporation, that have their headquarters in the U.S., where they generate significant sales. Hence, North America is a leading market for intracranial stents. High awareness about latest health care technologies and higher purchasing power are anticipated to boost the intracranial stents market in North America. The intracranial stents market in Asia Pacific is expected to expand at a rapid pace, primarily due to improving health care infrastructure, rising disposable income, and technological advancements in countries such as China and India. Furthermore, rise in usage of minimally invasive devices for the treatment of various neurology disorders by surgeons, have boosted the demand for intracranial stents in Asia Pacific.

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Key players such as Boston Scientific Corporation, Penumbra, Inc. and Stryker Corporation to lead the market

The report also provides profiles of other major players operating in the global intracranial stents market. Other major players include Medtronic plc, Johnson & Johnson Services, Inc., Terumo Corporation, and Cook Medical.

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Urgent Care Centers Market expected to reach US$ 35.4 Bn by the end of 2027.

5 min read

Urgent Care Centers Market: Introduction

According to the report, the global urgent care centers market was valued at US$ 23.5 Bn in 2018 and is projected to expand at a considerable CAGR during the forecast period. Urgent care centers (UCCs) are an important section of the healthcare industry that provides non-emergency care to the general population. UCCs offer various services on walk-in on no appointment basis for non-life threatening illnesses and injuries. Services provided by UCCs include illness, injury, physicals (school physicals), occupational medicine, vaccinations, diagnostic, screening, and monitoring. Illness services account for major share of the global urgent care centers market, followed by the injury segment. These two segments together account for nearly 65% of the global market.

North America dominated the global urgent care centers market in 2018 and the trend is anticipated to continue during the forecast period. According to the latest report published by Urgent Care Association, the number of urgent care centers rose 9.6% in the U.S. from 8,774 in 2018 to 9,616, nearly 47% of the world’s total urgent care centers, in November 2019.

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Advantages of Urgent Care Centers

The UCCs market has different ownerships, where one or more physicians and hospitals/franchise owners come together to address the demand for inexpensive and convenient healthcare. UCCs have witnessed significant developments in the past few years due to longer waiting hours for appointment in emergency room and other healthcare providers, issues with same-day access for sick care, and limited access to after-hours care at hospitals and other primary care providers. A large number of the UCCs work all the days of the week, and remain open from 8:00 am to 7:00 pm or later on weeknights. A qualified professional, such as doctor, nurse, or physician assistant, attends the patient within less than 30 minutes from arrival in comparison to approximately 2 hours and 30 minutes on average ED visit time.

Walk-ins are welcome, and there is no need to plan an appointment. However, appointments can get a patient in and out more rapidly. Appointments can be made through online portal, which also publishes wait time in clinic.

Illness to Lead Global Market

In terms of service, the illness segment is projected to account for a major share of the global urgent care centers market during the forecast period. The most common illnesses treated at UCCs are fever, cough & cold, urinary tract infections (UTIs), pharyngitis, respiratory tract infections, and otitis media.

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Hospital-owned Urgent Care Centers to Dominate Global Market

In terms of ownership, the hospital-owned urgent care centers segment is anticipated to account for major share of the global urgent care centers market during the forecast period. Hospitals are looking to expand their brand, which can be achieved by UCCs, as they provide several sources for referral of specialists, physical therapy, and lab imaging.

Urgent Care Centers Market: Prominent Regions

The global urgent care centers market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominated the global urgent care centers market in 2018. The U.S. is the major market in the region. The growth of the market in the region can be attributed to cost-efficiency of UCCs, easy access, less time consuming, and services covered under insurance. The urgent care centers market in Asia Pacific is expected to expand at a high CAGR from 2019 to 2027. The market in the region is likely to be driven by developing countries such as China and India. The focus of market players on strengthening presence in emerging economies in order to leverage growth opportunities propels the market in Asia Pacific.

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Key Players in Urgent Care Centers Market

The global urgent care centers market is fragmented in terms of number of players. Key players operating in the global urgent care centers market are Concentra, Inc., MedExpress, American Family Care, NextCare Holdings, Inc., FastMed Urgent Care, HCA CareNow, CareSpot Family of Urgent Care Brands, CityMD, and GoHealth Urgent Care, among others.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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