Healthcare

Disposable Gloves Market Share Value To Climb Double- Digit Cagr Till Year 2028

The global disposable gloves market size is expected to reach USD 15.13 billion by 2028 according to a new study by Polaris Market Research. The report Disposable Gloves Market Share, Size, Trends, Industry Analysis Report, By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene); By Form; By End-Use; Segment Forecast, 2021 – 2028 gives a detailed insight into current market dynamics and provides analysis on future market growth.

The disposable gloves industry is primarily driven by the rising number of covid cases particularly in North America and the Asia Pacific. The growing awareness regarding employee health and safety, along with the increasing industrial fatalities in the developing economies, is also projected to boost the industry growth over the forecast period.

The COVID-19 pandemic has fueled the demand for disposable gloves, which has disturbed the supply chain, therefore resulting in the shortage of these products in the industry. The government and manufacturers are increasing their production capacities to meet the demand-supply gap, thus improving the supply chain globally during the past few months.

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Disposable Gloves Market Forecast till 2028

The demand for disposable gloves in the healthcare sector is accountable for the highest share in the industry during the forecast period. Moreover, stringent regulations regarding workers’ safety in industries such as construction and mining are likely to be the vital factors expected to drive the industry.

Disposable gloves are made of synthetic or natural rubber. Irritation and toxic reactions caused by these products and also high price competition from local manufactures are anticipated to hamper the growth of the industry.

The nitrile segment is projected to lead the industry during the forecast period due to the rising adoption of nitrile-based products in the medical, chemical, painting and, laboratory sectors. Polyethylene is highly cost-effective and is mainly used in light-duty applications, which need a frequent change of products, such as in food serving & processing work.

Asia Pacific creates lucrative opportunities for the key players operating in the market, owing to the increase in the geriatric population. Additionally, a rise in healthcare expenditure and developing guidelines are projected to propel market growth in the region.

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The key players operating in the market include Semperit Ag Holding, Top Glove Corporation Bhd, Supermax Corporation Berhad, Ansell Limited, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Rubberex Corporation (M) Berhad, Cardinal Health, Adventa Berhad (Sun Healthcare), and  Dynarex Corporation.

Polaris Market Research has segmented the disposable gloves market report on the basis of material, form, end-use, and region:

Disposable Gloves, Material Outlook (Revenue – USD Billion, 2016 – 2028)

  • Natural Rubber
  • Nitrile
  • Vinyl
  • Neoprene
  • Polyethylene
  • Others

Disposable Gloves, Form Outlook (Revenue – USD Billion, 2016 – 2028)

  • Powdered
  • Powder-free

Disposable Gloves, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

  • Medical & healthcare
    • Examination
      • Dental
      • Veterinary
      • Hospital
      • EMS
      • Others
    • Surgical
      • Dental
      • Veterinary
      • Hospital
      • EMS
      • Others
  • Non-Medical
    • Automotive Finishing
    • Automotive Aftermarket
    • O&G and Mining
    • F&B Processing
    • F&B Service
    • Metal & Machinery
    • Chemical & Petrochemical
    • Pharmaceutical
    • Cleanroom
    • Academic R&D
    • Industrial R&D
    • Others

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Healthcare

Oncology Information Systems Market Size, Strategies, Competitive & Factor Analysis 2028

The global oncology information systems market size is expected to reach USD 4.64 billion by 2028 according to a new study by Polaris Market Research. The report “Oncology Information Systems Market Share, Size, Trends, Industry Analysis Report, By Product and Services (Software, Professional Services); By Application (Medical, Radiation, Surgical); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The major factors driving the growth of the global industry includes increasing prevalence of cancer across the globe along with increased adoption of advanced system to manage patient treatment schedules, treatment plans and treatment delivery. Companies and governments across the globe are investing heavily on several solutions is expected to further boost the industry growth.

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Oncology Information Systems Market Forecast till 2028

There is a huge increase in cancer in recent years. Nearly, 20 million new cases of cancer are diagnosed every year globally. It is a leading cause for mortality worldwide and in 2020, 10 million people died of cancer. Hence the treatment of cancer patients needs to be properly planned to reduce the mortality associated with the disease.

Oncology information systems have applications in surgical, medical and radiation. OIS is expected to be adopted more in medical oncology as advanced cancer treatments such as immunotherapy, which falls under the category of medical, have become more widely accepted in recent years. Procedures such as immunotherapy and radiation therapy are preferred over surgical procedures for cancer treatment.

The increasing adoption of the information systems have led to the launch of new systems along with collaborations and acquisitions. In August 2020, Healthcare Global Enterprises Ltd (HCG) based in India has partnered with Elekta under which Elekta will install multiple Elekta Synergy linear accelerators and Versa HD for the hospital.

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The service agreement between the two also includes Monaco treatment planning system and Elekta’s MOSAIQ Oncology Information System. In December 2020, RaySearch Laboratories launched its advanced information system RayCare 4B. The system will offer RayStation treatment planning system and support for other treatments and workflows. It is installed in Yonsei Cancer Center in South Korea in 2020.

It is the first healthcare institution that has adopted these systems in Asia Pacific. The new OIS is also expected to provide an interface to connect to Varian TrueBeam.  Once VARIAN will launch TrueBeam 3.0 interface software which is expected in August 2021, the use of Varian TrueBeam and RayCare will be introduced for clinical use.

The COVID-19 pandemic will not have significant effect on the market during the forecast period as cancer treatment is a critical emergency procedure and hospitals are not postponing any cancer treatment even with the shortage of staffs and infrastructure during the pandemic period.

Industry Participants such as Accuray Incorporated, Elekta AB, Varian Medical Systems, Cerner Corporation, RaySearch Laboratories, BrainLab, Prowess, Inc., Philips Healthcare, DOSIsoft S.A., MIM Software, ViewRay Inc., and Flatiron Health, Inc., are some of the key players operating in the global market.

Polaris Market Research has segmented the oncology information systems market report on the basis of product and services, application, and region:

Oncology Information Systems, Product & Services Outlook (Revenue – USD Million, 2016 – 2028)

  • Software
    • Patient Information Systems
    • Treatment Planning System
  • Professional Services

Oncology Information Systems, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Medical Oncology
  • Radiation Oncology
  • Surgical Oncology
  • Others
Healthcare

Global Mucormycosis Market Size Estimated High Growth During the Period 2021-2028

The global mucormycosis market size is expected to reach USD 616.1 million by 2028 according to a new study by Polaris Market Research. The report “Mucormycosis Market Share, Size, Trends, Industry Analysis Report; By Diagnosis (Computed Tomography, MRI, Tissue Biopsy); By Treatment (Surgery, Antifungal Drugs, Amphotericin B Therapy, Others); By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The emergence of the COVID-19 pandemic along with the increasing cases of blood cancers and diabetes will be the main factors for the growth of the global market during the forecast period. Organ and bone marrow transplantation along with increasing immune-competent patients due to the conditions like HIV will also boost the growth of the global market.

COVID-19 has significantly impacted the globe with over 150 million cases detected worldwide. Brazil is the third-worst affected country with more than 15 million cases and India which is clocking more cases than any other country, in May 2021, and has detected more than 20 million cases from the beginning of the pandemic. Mucormycosis cases are increased in the COVID-19 patients who have undergone treatment.

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Steroid drugs are typically used to manage the disease condition in these patients and even though the drugs are effective in treating corona it will lead to weak immune system and blood sugar level and the patients who taken steroid medication are prone to developing mucormycosis.

In India, there is an enormous increase in fungal infection, and in few hospitals in urban areas, five to ten people are coming for mucormycosis treatment. Before the pandemic, mucormycosis was very rare and the emergence of COVID-19 is expected to give a major boost to the growth of the global market.

Every year nearly 1.8 million hematological cancers are diagnosed across the globe and bone marrow transplantation is a treatment procedure to treat these conditions. The improved technology has resulted in the increased organ transplantation in the market.

In the U.S. market alone, nearly, 37,000 organ transplant procedures were conducted, in 2018. Most of the patients who underwent transplant take immunosuppressive drugs which will put them at the risk of developing mucormycosis.

Mucormycosis is a deadly fungal disease caused by species such as Rhizopus, Mucor, Saksenaea, Apophysomyces, Lichtheimia, Cunninghamella, Rhizomucor, and others. The mortality rate of mucormycosis ranges from 17 to 66% in patients and the patients who overcome mucormycosis will suffer from blindness and organ dysfunction.

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Computed tomography (CT), Magnetic resonance imaging (MRI), and tissue biopsy are mainly used in the diagnosis of fungal infection in the market. Amphotericin B therapy, surgery, and antifungal drugs are the main treatment methods to cure mucormycosis.

Many new drugs in the market are approved to treat mucormycosis due to the increasing number of fungal infections. For instance, in March 2021, Bharat Serums and Vaccines Limited received Indian regulatory approval (DGCI) for the use of Liposomal Amphotericin B or LAmB for the treatment of mucormycosis.

Market Participants such as Biocon Limited, Abbott Laboratories, Cadila Pharmaceuticals Limited, F. Hoffman La Roche, Novartis AG, Merck Sharp and Dohme, Bristol Myers Squibb, Mylan Labs, Bayer AG, Sanofi, Lonza Group, Johnson & Johnson, Gilead Sciences, and Pfizer Inc. are some of the key players operating in the global market.

Polaris Market Research has segmented the mucormycosis market report on the basis of diagnosis, treatment, end-use, and region:

Mucormycosis, Diagnosis Outlook (Revenue – USD Million, 2016 – 2028)

  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Tissue Biopsy
  • Others

Mucormycosis, Treatment Outlook (Revenue – USD Million, 2016 – 2028)

  • Surgery
  • Antifungal Drugs
  • Posaconazole
  • Isavuconazole
  • Voriconazole
  • Fluconazole
  • Flucytosine
  • Others
  • Amphotericin B Therapy
  • Others

Mucormycosis, End use Outlook (Revenue – USD Million, 2016 – 2028)

  • Hospitals & Clinics
  • Medical Institutes
  • Research Organization
  • Others

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Business, Healthcare

Flow Cytometry Market Overview Highlighting Major Drivers, Future Growth And Demand Report 2028

The global flow cytometry market size is expected to reach USD 12.29 billion by 2028 according to a new study by Polaris Market Research. The report “Flow Cytometry Market Share, Size, Trends, Industry Analysis Report, By Product (Instruments, Reagents & Consumables, Software, Accessories, Services), By Technology (Cell-based, Bead-based), By Application (Research, Industrial, Clinical), By End-Use, By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Over the forecast period, the high incidence of chronic diseases, the launch of technically advanced flow cytometry solutions, and rising R&D investments in the pharma companies are anticipated to accelerate market development. Also, the rising incidence of cancer, autoimmune disease abnormalities, and contagious diseases, such as the COVID-19 outbreak, has boosted the demand for flow cytometry solutions in clinical and research settings.

According to the American Cancer Society, approximately 1.8 million new cases of cancer were reported in the U.S. market in 2020. Moreover, as per the National Cancer Institute (NCI), there were approximately 16.9 million cancer sufferers in the U.S., as of January 2019.

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Flow Cytometry Market Estimates till 2028

Growing regulatory approval and the launch of technically advanced flow cytometry technologies are expected to aid market development of flow cytometry. Sysmex Corporation, for example, unveiled the XF-1600 cytometers for laboratories in the U.S., in June 2020.

Besides, Beckman, a Danaher Corporation company, expanded its portfolio of offerings, in January 2019, with the introduction of its latest ClearLLab 10C System. It is an integrated solution that offers a streamlined workflow that ensures consistency and reliability in clinical results.

Future market growth opportunities in flow cytometry solutions are expected to be provided by technological advances that result in increased accuracy, and cost-effectiveness. Miniaturized high-throughput cytometers are expected to gain market popularity shortly.

Rapid market advancement in multi-color flow cytometry, which has a wide range of applications in novel drug formulations, have made it possible to perform a cell analysis by evaluating several parameters at the same time. Many contract research companies use these instruments extensively.

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Market participants such as Danaher Corporation, Sysmex Corporation, Luminex Corporation, Bio-Rad Laboratories, Inc., EMD Millipore, Miltenyi Biotec, Inc. Becton, Dickinson and Company, Affymetix Inc., Thermo Fischer Scientific, and Agilent Technologies, Inc. are some of the leading players operating in the market for flow cytometry.

Polaris Market Research has segmented the flow cytometry market report based on product, technology, application, end-use, and region:

Flow Cytometry, Product Outlook (Revenue – USD Billion, 2016 – 2028)

  • Instruments
  • Reagents & Consumables
  • Software
  • Accessories
  • Services

Flow Cytometry, Technology Outlook (Revenue – USD Billion, 2016 – 2028)

  • Cell-based
  • Bead-based

Flow Cytometry, Application Outlook (Revenue – USD Billion, 2016 – 2028)

  • Research
  • Industrial
  • Clinical

Flow Cytometry, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

  • Commercial Organizations
  • Hospitals
  • Academic Institutes
  • Clinical Testing Labs

Flow Cytometry, Regional Outlook (Revenue – USD Billion, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa
Healthcare

Kidney Function Tests Market – Status And Outlook, Growth Challenges And Top Key Players,

Forecast

The global kidney function tests market size is expected to reach USD 1.26 billion by 2028 according to a new study by Polaris Market Research. The report “Kidney Function Tests Market Share, Size, Trends, Industry Analysis Report, By Product (Clearance Tests, Urine Tests, Blood Tests, Dilution & Concentration Tests, Others), By End-Use (Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There are several forms of kidney function tests that look at different aspects of renal function. A kidney function examination is used to determine whether the kidneys are removing waste products too slowly and whether proteins are leaking into the urine.

Regular insulin sensitivity tests can aid in the early detection of issues such as kidney failure, allowing the disease’s progression to be slowed. Urine checks, blood tests, imaging studies, and kidney biopsy are all examples of kidney function tests.

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Market growth for kidney function tests is expected to be fueled by increased R&D activities, a higher incidence of kidney diseases, and increasing government initiatives. Kidney function tests are basic screening tests that are used to investigate and evaluate kidney functions.

The increasing rate of diabetes and hypertension has increases the risk of Acute Kidney Injury (AKI) and Chronic Kidney Disease (CKD), which has sparked a rise in demand for these products. The COVID-19 pandemic has fueled the market demand for kidney function tests even further.

As per the CDC, an estimated 15% of adults in the United States had Chronic Kidney Disease in 2019. (CKD). Blood sugar and blood pressure are the leading causes of CKD in adults, and CKD is more prevalent in older people. The low detection rate of CKD, on the other hand, is expected to be a major stumbling block to market growth for kidney function tests. According to the National Kidney Foundation, nearly 90% of people with CKD are unaware of their condition, resulting in a low number of diagnoses.

Market participants such as F.Hoffmann-La Roche Ltd, Siemens Healthineers, C. R. Bard, Inc, Abbott Laboratories, Nova Biomedical, Baxter International Inc, Cook Medical, Boston Scientific Corporation, Danaher Corporation, and Sysmexare some of the key players operating in the market for kidney function tests.

RenalytixAI, for example, submitted a 510(k) approval to the FDA for its latest KidneyIntelX assay, in August 2020. It’s a clinical diagnostic test that uses Artificial Intelligence (AI) to identify and improve the clinical management of Type 2 diabetes patients with rapidly developing kidney disease. During the study era, the introduction of such advanced technologies is anticipated to accelerate market growth.

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Polaris Market Research has segmented the kidney function tests market report based on product, end-use, and region:

Kidney Function Tests, Product Outlook (Revenue – USD Billion, 2016 – 2028)

  • Clearance Tests
  • Urine Tests
  • Blood Tests
  • Dilution and Concentration Tests
  • Other Tests

Kidney Function Tests, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

  • Hospitals
  • Diagnostic Laboratories
  • Research Laboratories and Institutes
  • Others

Kidney Function Tests, Regional Outlook (Revenue – USD Billion, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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Business, Healthcare

Neurovascular Intervention Devices Market Share Value to Climb Double- Digit CAGR till Year 2028

The global neurovascular intervention devices market size is expected to reach USD 4.22 billion by 2028 according to a new study by Polaris Market Research. . The research study covers comprehensive information about market share, applications, demand and supply ratios, import/export, and supply chain analysis for both the global and regional markets. In addition, the research contains an in-depth analysis of the global Neurovascular Intervention Devices market, which includes a statistical depiction of market share as well as forecasts for the future. The study sheds light on the major elements driving the global market’s expansion.

The market research analyses how different factors influence market participants at the regional and worldwide levels. On the other side, the report identifies stumbling blocks to the worldwide Neurovascular Intervention Devices market’s expansion. In addition, the research report also identifies crucial strategies that can assist organizations in surviving challenging times such as the COVID-19 pandemic while also helping to boost their overall revenue production.\

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Neurovascular Intervention Devices Market Estimates till 2028

Market Segmentation

The research divides the global Neurovascular Intervention Devices market into type, application, end-use, and geographical segments to provide a vital viewpoint on the important trends observed in the market. The study provides a detailed analysis of each section, as well as sales forecasts. Businesses can use the report’s value forecast to help them work on prospective segments. The study also divides the global market into distinct regions based on their geographical aspect, including North America, South America, Asia-Pacific, Europe, and the Middle East and Africa.

Competitive Landscape

The study also includes detailed insights about the top players in the global Neurovascular Intervention Devices industry. Furthermore, the study covers the major programs, initiatives, and strategic collaborations used by the leading market players to gain a competitive advantage over their competitors. In addition, the research contains vital information about major players, investors, and new market entrants.

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Furthermore, the study includes information on the most recent product introductions as well as the leading players’ future plans. The research can assist new companies entering the market to analyse the successful strategies of established players and developing new plans to help them gain a stronger foothold in the industry. The prominent players present in the market are: Medtronic Plc, Terumo Corporation (MicroVention, Inc.), Balt Extrusion, Penumbra, Inc., Boston Scientific Corporation, Johnson & Johnson, Stryker Corporation, Silk Road Medical Inc., Abbott Laboratories, Acandis GmbH, and Microport Scientific Corporation.

Key Highlights of Neurovascular Intervention Devices Market Report

  • To examine the key drivers, restraints, risks, challenges, and opportunities in the global Neurovascular Intervention Devices
  • Conduct a strategic analysis of each market segment’s contribution to the market and growth trends.
  • To discuss leading market participants’ successful methods and strategies that aid in making sound business decisions.
  • Research the current state and future prospects of the global Neurovascular Intervention Devices market, including historical data, production, consumption, and revenue.
  • To track competitive developments in the market, such as acquisitions, agreements, partnerships, expansions, and new product launches.

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Business, Healthcare

Insurtech Market Share Value to Climb Double- Digit CAGR till Year 2028

The global insurtech market size is expected to reach USD 45.09 billion by 2028 according to a new study by Polaris Market Research. The report “Insurtech Market Share, Size, Trends, Industry Analysis Report, By Deployment Model (On-Premise, Cloud); By Insurance Type (Commercial Insurance, Property and Casualty Insurance, Health Insurance, Life Insurance, Others); By End-Use; By Technology; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 Market Overview :

Significant increase in the data generation coupled with increasing adoption of wearable tech, rising use of social media to identify gaps and offer improved customer services provide numerous growth opportunities for the market. The growing adoption of smartphones and other mobile devices combined with reducing data storage costs also fuels the market growth. An increasing need for risk modeling and fraud analytics, and the growing integration of technologies such as IoT, blockchain, cloud computing, and artificial intelligence among others boosts the market growth of the global Insurtech industry.

Cloud-based deployment is set to play an increasingly important role across diverse industries owing to increasing dependence on the cloud for data storage and instant access of vital data at any time and place. It enables efficient application development, management, and access. Cloud-based deployment provides rapid delivery, efficient use of shared resources, and increased scalability.

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Insurtech Market Report

The different insurance types covered in the report include commercial insurance, property and casualty insurance, health insurance, life insurance, and others. There has been an increasing trend of using geospatial analytics for property insurance. Organizations are integrating affordable aerial imagery with machine learning for property insurance. The adoption of geospatial analytics offers enhanced decision-making and fewer actions during property inspections.

The end-users covered in the report include BFSI, healthcare, manufacturing, government, retail, transportation, and others. There is a major demand for insurtech from the BFSI sector owing to the increasing need for risk modeling and analysis, and fraud prevention. The data generated by banking and financial institutes are highly confidential and improvement in data security provided by the integration of advanced technologies such as blockchain, cloud computing, and machine learning would boost the adoption of insurtech during the forecast period.

Predictive analytics is a major part of insurtech, which is being implemented by organizations to predict probable future events by reviewing current and historical data and using modeling techniques. It uses mathematical and data techniques to explore predictive patterns and trends. It includes data mining, web mining, text mining, and statistical time series forecasting. Organizations implement predictive analytics for the identification of risks and opportunities. Predictive analytics is experiencing increased adoption owing to predictive modeling, decision analysis, and optimization, and transaction profiling.

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North America market dominated the global insurtech industry in 2020 and is expected to maintain its dominance over the forecast period. Rising adoption in industries such as retail, healthcare, transportation, and manufacturing in the North American region is a significant driver for market growth.

The rise in investment by small and medium-sized businesses, along with technological advancement in the telecommunication industry is expected to drive the market growth for insurtech during the forecast period. Businesses are adopting insurtech to gain valuable consumer and market insights, gain knowledge about probable future events, make data-driven business decisions, and offer improved customer services.

Owing to technological advancements, and the growing need to improve customer experience, companies are collaborating in order to retain the customers and gain market share. Some of the major market participants include Oscar Insurance, Trōv, Inc., Wipro Limited, DXC Technology Company, Zhongan Insurance, Friendsurance, Shift Technology, Quantemplate, GetInsured, Insurance Technology Services, Analyze RE, Majesco, Allay, Damco Group, Bayzat, and Claim DI.

Polaris Market research has segmented the Insurtech market report on the basis of deployment model, insurance type, end-use, technology, and region:

Insurtech Deployment Model Outlook (Revenue, USD Million, 2016 – 2028)

  • On-Premise
  • Cloud

Insurtech Insurance Type Outlook (Revenue, USD Million, 2016 – 2028)

  • Commercial Insurance
  • Property and Casualty Insurance
  • Health Insurance
  • Life Insurance
  • Others

Insurtech End-User Outlook (Revenue, USD Million, 2016 – 2028)

  • BFSI
  • Healthcare
  • Manufacturing
  • Government
  • Retail
  • Transportation
  • Others

Insurtech Technology Outlook (Revenue, USD Million, 2016 – 2028)

  • Cloud Computing
  • Blockchain
  • Big Data and Analytics
  • Artificial Intelligence
  • IoT
  • Machine Learning
  • Others
Business, Healthcare

Smoke Evacuation System Market Detailed Analytical Overview By 2028

The global smoke evacuation systems market size was valued at USD 162.7 million in 2020 and is expected to reach USD 286.6 million by 2028 to grow at a CAGR of 7.5% during the forecast period according to a new study by Polaris Market Research. 

Market Overview : 

Smoke evacuation systems are mandatory in laparoscopic procedures, as stated by the National Institute for Occupational Safety and Health Administration. However, with the ongoing COVID-19 pandemic, concerns being raised over Aerosol-generating Procedures (AGPs).

It is being researched that the SARS-CoV-2 virus can sustain in aerosols for up to 3 hours. Thus, effective measures have been taken for the evacuation of aerosols during AGPs to reduce transmission risk. This has increased the demand for evacuation systems, thereby fueling the market growth.

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Companies operating in the market space include Medtronic, Erbe Elektromedizin GmbH, Zimmer Biomet, Stryker, CONMED Corporation, KLS Martin Group, Ethicon Inc., Symmetry Surgical Inc., Pall Corporation, and Olympus Corporation and others.

 Regional Analysis : 

Asia Pacific is projected to witness the highest growth rate over the assessment period. This is primarily due to increased efforts of key market players in commercializing their product at low cost and customized according to the need of the facility, rising purchasing power capacity of hospitals in the region, particularly in South Asian countries, and bulk purchasing from government-sponsored hospitals. Players operating in the region collaborate with local entities to sell their products in the huge untapped market.

In 2020, the hospital market segment accounted for the largest share. This is attributed to a high number of surgeries being performed in the hospital facilities. Most common surgeries include orthopedic and cosmetic surgeries.

According to the market statistics published by the Occupational Health and Safety Administration, around, 500,000 healthcare workers are exposed to surgical smoke, every year. However, the cosmetic surgery segment is projected to witness a lucrative growth rate over the study period. This is due to the rising number of cosmetic surgeries, which results in smoke during operations.

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Polaris Market Research has segmented the smoke evacuation systems market report on the basis of product, application, end-use and region:

Smoke Evacuation Systems, Product Outlook (Revenue – USD Million, 2016 – 2028)

  • Smoke Evacuating Systems
    • Stationary Systems
    • Portable Systems
  • Smoke Evacuation Filters
    • Ultra-Low Penetration Air (ULPA) Filters
    • Charcoal Filters
    • In-Line Filters
    • Pre-Filters
  • Smoke Evacuation Pencils & Wands
  • Smoke-Evac Fusion Products (Shrouds)
  • Smoke Evacuation Tubings
  • Accessories

Smoke Evacuation Systems, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Laparoscopic Surgeries
  • Orthopedic
  • Medical Aesthetic Surgeries
  • Others

Smoke Evacuation Systems, End Use Outlook (Revenue – USD Million, 2016 – 2028)

  • Hospitals
  • Ambulatory Surgical Centers
  • Cosmetic Surgery Centers
  • Dental Clinics
  • Veterinary Healthcare Providers

Browse the full “Smoke Evacuation Systems Market Share, Size, Trends, Industry Analysis Report, By Product (Smoke Evacuating Systems, Smoke Evacuation Filters, Smoke Evacuation Pencils & Wands, Smoke-Evac Fusion Products, Smoke Evacuation Tubings, Accessories); By Application; By End-Use; By Regions; Segment Forecast, 2021 – 2028” Report at :  https://www.polarismarketresearch.com/industry-analysis/smoke-evacuation-system-market

Business, Healthcare

Healthcare Patent Filing Outsourcing Market 2021-2028: Size, Price, Growth, Share, Outlook, And Forecast

The global healthcare patent filing outsourcing market size is expected to reach USD 1.61 billion by 2028 and is anticipated to register a CAGR of 5.6% from 2021-2028 according to a new study conducted by Polaris Market Research

Market Overview : 

Setbacks caused by the COVID-19 pandemic included healthcare patent filing processes across the globe, mostly due to shelter-in-place mandates. In 2020, the USPTO has extended the patent filing process by 30 days, under the CARES (Coronavirus Aid, Relief, and Economic Security) Act.

Moreover, notices and additional extensions for upcoming trademark matters were issued by the USPTO. In 2021, USPTO has also assured the introduction of patents end-to-end search tool, in association with the ongoing pilot program for peer search collaboration.

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Recently, in January 2020, the US and China signed an Economic and Trade Agreement, under which a system was established for filed generic drugs for the approval process. The agreement enabled patent term extensions to compensate for unnecessary delays in granting trademarks, as well as, to resolve any of the disputes. Such government initiatives are expected to augment the need for local healthcare trademark filing, and thereby, outsourcing a few of the services.

Trademark protection plays an important role in the pharma industry. The drug development process is a time-consuming process and costly procedure. Healthcare and pharmaceutical companies also using trademark protection to expand their market position and ease out the competition. The aforementioned benefits of patents for biopharma companies are expected to drive the market forward via rapid uptake of the filing outsourcing process.

Asia Pacific is projected to register a lucrative market growth rate over the healthcare patent filing outsourcing study period. Such high market growth is due to the surge in a colossal number of trademarks being filed and the availability of low cost-efficient outsourcing services among Asian countries.

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There is a sudden rise in applications from China. It is being predicted that, in 2019, China has filed 1,327,847 patents, in comparison with Japan and India accounting for 452,130 and 34,015 applications, respectively. As a result, Asia Pacific is expected to continue its dominance in the healthcare patent filing outsourcing industry.

Companies operating in the healthcare patent filing outsourcing industry include Clarivate, Bristows, Hoyng Rokh Monegier, CRJ IPR Services LLP, Patent Outsourcing Limited, ipMetrix Consulting Group, Synoptic Intellectual Patents (P) Limited, Dennemeyer, Powell Gilbert, and Carpmaels & Ransford Services Limited.

Polaris Market Research has segmented the healthcare patent filing outsourcing market report on the basis of domain, service, origin, and region:

Healthcare Patent Filing Outsourcing Market, Domain Outlook (Revenue – USD Million, 2016 – 2028)

  • Medtech
    • Assistive Care devices
    • Consumables and Disposables
    • Diagnosis and Imaging Devices
    • Drug Delivery Devices
    • Surgical Devices
    • Wearable Medical Devices
  • Pharmaceutical

Healthcare Patent Filing Outsourcing Market, Service Outlook (Revenue – USD Million, 2016 – 2028)

  • Pre-filing
  • Filing & Prosecution
  • Post Grant

Healthcare Patent Filing Outsourcing Market, Origin Outlook (Revenue – USD Million, 2016 – 2028)

  • Resident
  • Non-resident

Browse the full report Healthcare Patent Filing Outsourcing Market Share, Size, Trends, Industry Analysis Report, By Domain (MedTech, Pharmaceutical); By Service (Pre-filing, Filing & Prosecution, Post Grant); By Origin (Resident, Non-resident); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028”@ : https://www.polarismarketresearch.com/industry-analysis/healthcare-patent-filing-outsourcing-market

Business, Healthcare

Antibiotics Market Analysis Global Size, Share, Growth, Industry Demand And Forecast To 2028

The report “Global Antibiotics Market Growth 2021-2028” from PMR Market Research includes data and information about market structure and size. The purpose of this research is to give market knowledge and strategic insights to assist in decision making, making informed investment decisions, and identifying potential growth opportunities.

The research report adopts primary and secondary research approaches, resulting in a precise and accurate insight into the Antibiotics industry. To examine the segments and provide a fair assessment of their influence on the worldwide market, analysts utilized a top-down and bottom-up strategy. The study begins with a market overview, which includes a brief description of the industry’s current state as well as the major segments. It also lists the leading players in the global market.

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Market Size

A Porter’s five forces analysis and SWOT analysis are included in the research study on the global Antibiotics market, which empower to determine the market’s accurate trajectory. Such effective market analysis tools helps to identify market’s major drivers, restraints, risks, and market opportunities. In addition to this, the research report also features statistics for global market as well as different regional markets.

Market Segmentation

The report features in-depth segmentation and sub-segmentation of the target market. The executive summary of the Antibiotics market research provides a quick overview of the market. It discusses the key sectors and companies projected to shape the market in the coming years. The executive summary provides a non-biased view of the market. It describes how the market’s demand and supply will be affected by shifting demographics. It goes over the regulatory adjustments that are expected to change people’s buying behavior.

COVID-19 Pandemic Impact Analysis

This Antibiotics market study discusses the impact of the COVID-19 pandemic on macro and micro aspects of business, hurdles encountered by each sector, and continuous efforts to turn this crisis into an opportunity. The research report also discusses government policies for recovering the economy in detail, in order to assist businesses in expanding or entering new markets, as well as introducing new products and services.

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Competitive Analysis

This section of the research study focuses on the market’s leading players and competitive landscape. The Antibiotics market study provides a list of strategic efforts undertaken by companies in recent years, as well as those anticipated in the near future. The financial prospects of these companies, their research and development activities, and their expansion plans for the near future have all been noted by researchers. The global market research report is a serious endeavor to provide interested readers with a thorough view of the market.

Market participants such as :  Abbott Laboratories, Allergan, Bayer AG, Cumberland Pharmaceuticals, Inc., Danaher, GlaxoSmithKline plc, Melinta Therapeutics, Merck & Co. Inc., Mylan, Nabriva Therapeutics plc, Novartis, Pfizer Inc., Roche, Sanofi, Teva Pharmaceutical Industries Ltd.

Key Reason to buy this Antibiotics Market Research Report

  • It provides analytical data along with strategic planning approaches to help businesses make informed decisions.
  • The market’s dynamics, such as drivers, restraints, trends, and opportunities, are examined by researchers.
  • It provides a wealth of information on current events that will have an impact on the market’s overall performance.
  • It includes regional analysis of the global market as well as corporate profiles of various stakeholders.

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