#Lancet and Pen Needles Market

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Lancet and Pen Needles Industry: Global Survey, Trends, Outlook, Overview and 2021 Forecast

Global Lancet and Pen Needles Market, by Therapy (Insulin, Hormones, Glucagon-like peptide ), by End Users(Clinics, Hospitals, Medical Institutions), by Gauge (17/18G, 21G, 23G, 25G, 28G, 30G) - Global Forecast 2027

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Global Lancet and Pen Needles Market, by Therapy (Insulin, Hormones, Glucagon-like peptide ), by End Users(Clinics, Hospitals, Medical Institutions), by Gauge (17/18G, 21G, 23G, 25G, 28G, 30G) - Global Forecast 2027

[healthinfotech]

The Diabetes care Devices Market size is estimated to Reach US$ 39,382.3 Million by 2027

The diabetes care devices market growth is attributed to the rising incidence of diabetes, growing geriatric population, increasing prevalence of obesity across the globe, and rapid technological advancement in diabetes care devices.

Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce insulin. This inability prevents the body from regulating blood glucose levels. There are two types of diabetes diabetes type-I (also known as diabetes insipidus) and diabetes type-II (also termed as diabetes mellitus). Incidences and prevalence of diabetes are steadily increasing across the globe. Type 2 diabetes is the most prevalent form of diabetes and has increased due to significant cultural and societal changes. In high-income countries, up to 91% of adults have type 2 diabetes. According to International Diabetes Federation (IDF), approximately 425 million people were detected with diabetes in 2017and is expected to reach 629 million by 2045 across the globe.

Moreover, in 2017, a total of 30,187 people were diagnosed with diabetes in the US. Diabetes is one of the chronic disorders which require sustained care throughout. Thus, the increasing prevalence of diabetes is expected to boost the diabetes care market size during the forecast period.

Insulin is delivered into the body using needles, insulin pens, and insulin pumps. Insulin pumps are small, computerized diabetes management devices connected with a cannula under the skin that is used to deliver a slow continuous level of insulin. The flow can be controlled by an individual depending on the requirement. The optimal diabetes management depends on accurate glucose monitoring devices. The increasing advancements in blood glucose (BG) monitoring technology have resulted in improved accuracy, smaller required blood volumes, and the ability to transfer data between the BG meter and insulin delivery devices.

Pen needles and syringes are the most commonly used devices for injecting insulin into diabetic patients. Various manufacturers are developing innovative products to sustain in the highly fragmented global pen needles market. The easy regulatory approvals in Asian countries have led to mid-sized companies entering the diabetes care devices market and competing with the local and established players. For instance, in May 2018, Hindustan Syringes and Medical Devices (HMD), one of the leading manufacturers of disposable syringes, introduced “Dispovan” insulin pen needle the first made-in-India disposable pen needle that is more technologically efficient and affordable than that of the currently available products in the market. The development of pen needles with precise lubrication to reduce pain sensation has been another focus of manufacturers during the research.Thus, the ongoing technological advancements are expected to assist the diabetes care devices market size over the forecast period.

The global diabetes care devices market, based on product, is bifurcated into glucose monitoring devices and insulin delivery devices. The glucose monitoring devices segment is further subsegmented into glucometers, lancets, testing strips, and other glucose monitoring devices. The insulin delivery devices segment is further categorized into insulin pens, insulin syringe, insulin pumps, and other insulin delivery devices. The global diabetes care devices market, based on end user, is segmented into homecare and hospitals & clinics.

Apart from the developments for the diabetes care devices market, the key market players are developing innovative products that assists in the diagnosis and monitoring of the diabetic conditions. For instance, the current Accu-Chek portfolio of F. Hoffmann-La Roche Ltd. offers people with diabetes and healthcare professional’s innovative products and impactful solutions for convenient, efficient and effective diabetes management. Similarly, the companies are performing inorganic growth market for instance, in February, 2017, Roche and Medtronic entered into an agreement to develop a next-gen BG meter that will intertwine Accu-Chek glucose monitoring technology into a future Medtronic pump system.

[vicky8588]

Glucose Monitoring Devices

Market Overview

The Global "Glucose Monitoring Devices Market" is estimated to reach at a high CAGR o during the forecast period (2021-2028).

  A glucose meter, often known as a glucometer, is a tiny instrument that monitors the amount of sugar in a blood sample. A drop of blood from a finger prick is usually sufficient to use on a test strip. A specific needle (lancet) or a spring-loaded device that quickly pricks the fingertip can be used to prick the fingertip.

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 Market Dynamics

The major factors driving the market growth are the rising geriatric population and their diabetic incidence. The technological advancements in glucose monitoring devices are also expected to drive the market in the forecast period.

 The rising geriatric population and their diabetic incidence is estimated to drive the market growth

 Diabetes is expected to be the sixth biggest cause of death worldwide by 2030. According to WHO, by 2030, one out of every six persons on the planet will be 60 years old or older. The number of people aged 60 and more is expected to rise from 1 billion in 2020 to 1.4 billion by 2050. By 2050, the global population of adults aged 60 and up will have doubled (2.1 billion). Between 2020 and 2050, the number of people aged 80 and more is predicted to treble, reaching 426 million. Diabetes is more common in older persons as the risk of developing the disease rises with age. Diabetes affects around 25% of persons over the age of 60.

 According to a recent study of the economic cost of diabetes, adults over the age of 65 account for 61% of all healthcare costs associated with the disease. The average yearly spend for older persons (65 and up) was $13,239, compared to $6,675 for the younger group. As a result, the number of older persons with diabetes increases, posing significant health and economic challenges to society. Some older people with diabetes are well-functioning and medically stable, are capable of self-care, and may or may not require the assistance of caregivers. Because of advances in diabetes management and greater life expectancy, the number of older persons with type 1 diabetes grows. Seniors, especially those with type 1 diabetes who have had it for a long time. Hence, with the increasing diabetic care management, there will be a significant increase in the glucose monitoring devices market.

 The technological advancements in glucose monitoring devices are expected to drive the market growth in the forecast period

 Diabetes technology refers to the hardware, gadgets, and software that people with diabetes use to help them manage their blood glucose levels, avoid diabetes complications, lessen the burden of living with diabetes, and improve their quality of life. Traditionally, diabetes technology has been separated into two categories: insulin delivered via syringe, pen, or pump, and blood glucose monitoring via meter or continuous glucose monitor. More recently, diabetes technology has evolved to include hybrid devices that monitor glucose and deliver insulin, some of which are automated and software that acts as a medical device and assists with diabetes self-management. Continuous glucose monitoring is the most recent blood glucose monitoring method (CGM). Patients can buy FDA-approved devices that use single-use disposable electrochemical sensor elements that can be worn for 72 hours to 7 days, depending on the design.

 In January 2020, Tandem Diabetes Care introduced the t: slim X2 insulin pump with Control-IQ technology, combining the Dexcom G6 CGM with an insulin pump to regulate insulin levels with minimal user effort. It's the first technology to regulate basal automatically (background) insulin levels and administer bolus (mealtime) doses to keep blood sugar levels from falling too low or rising too high.

 Lack of accuracy, high cost, and difficulty in using these devices is expected to hamper the glucose monitoring devices market

 People have been using two methods for monitoring their glucose levels. One is the self-monitoring devices and continuous wearable devices. Although the CGM provides blood glucose measurements at short intervals, it normally requires twice-daily finger poke to calibrate the CGM for accuracy. Compared to venous blood glucose, CGM devices can take up to 25 minutes to display a rise in glucose levels. Data suggests that CGM may become less accurate at detecting hypoglycemia (low glucose) ranges, even though the technology has been hailed as particularly useful for detecting these episodes.

 CGM machines are expensive and require a prescription, with initial costs ranging from $1,000 to $2,000 on average. In addition, supplies, including sensors that should be replaced every seven to fourteen days, can cost between $300 and $450 every month. The gadget and supplies may be covered by insurance, although plans and qualifications differ. CGMs that are now available can cause issues for users. One main flaw is that they are less accurate for each data point when compared to simultaneous intermittent blood glucose measurements. In the hypoglycemia range, CGMs are often the least reliable. While in self-monitoring, the disadvantages are most noticeable when the patient is either unwilling to test or lacks the knowledge of how to interpret the data to make proper use of home testing equipment.

 COVID-19 Impact Analysis

 COVID-19 has affected the healthcare industry moderately. To stop its spread, government-imposed lockdown. People are fearful they may experience occupational effects and negative health from the COVID-19 pandemic. During COVID-19 lockdown, glycemic readings in T1D improved dramatically, which could be linked to good self-care and digital diabetes management changes. The pandemic disrupted many diagnostic procedures. Hence many people opted for self-testing devices. This has positively affected the global glucose monitoring devices market.

 Segment Analysis

Based on device type, Self-monitoring devices dominated the market growth

 Self-monitoring of blood glucose, or SMBG, enables people with diabetes to test their blood glucose levels at home. The use of regular blood tests to understand one's diabetes control and inform modifications to improve one's control or wider program is known as self-monitoring. Adults with type 2 diabetes have recently shown a greater willingness to use technology to self-monitor their health behaviors and lifestyle. To put this in context, technology-assisted self-monitoring is thought to be both safe and helpful in achieving positive health outcomes. According to American Diabetes Association, SMBG has been included in major clinical trials of insulin-treated patients as part of multifactorial therapies to show the impact of stringent glycemic control on diabetic complications. As a result, SMBG is an essential component of effective therapy. Integrating SMBG data into diabetes treatment can help with medical nutrition therapy, physical exercise, preventing hypoglycemia, and medication adjustments (particularly prandial insulin doses).

 On February 26, 2018, Roche Diabetes Care India launched at a low price of Rs. 1,099/-, the new Accu-Chek Instant-S provides best-in-class accuracy and complies with the newest global ISO 15197 requirements. With Instant-S, blood glucose testing is streamlined, and viewing the results is simple. The meter features a 9-level target range indicator that shows the PwD, which range their reading falls into – normal, high, or low – making the reading easy to grasp.

 Geographical Analysis

North America region accounted for the largest market share in the global glucose monitoring devices market

 With the increasing incidence of diabetes and latest product launches, this region dominated the market growth.

 According to CDC, in 2018, 34.2 million people of all ages, or 10.5 percent of the US population, had diabetes, according to preliminary figures. And in 2020, according to National Diabetes Statistics Report, in total, Diabetes affected an estimated 34.2 million individuals worldwide (10.5 percent of the U.S. population). Diabetes has been diagnosed in an estimated 8.2 percent of the U.S. population. 210,000 children and adolescents under the age of 20 have been diagnosed with diabetes, with 187,000 types 1 diabetes. The entire projected cost of diagnosed diabetes in 2017 was $327 billion, according to the American Diabetes Association's Economic Costs of Diabetes in the United States, which included in direct medical costs $237 billion and $90 billion in lost productivity. In 2019, healthcare spending for diabetes treatment in the United States totaled 295 billion dollars.

 On June 06, 2019, the first implantable continuous glucose monitoring (CGM) device for persons with type 1 and type 2 diabetes was approved by the US Food and Drug Administration. The Eversense Continuous Glucose Monitoring System is a gadget that can monitor blood sugar levels for up to three months and is suitable for anyone aged 18 and up.

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Competitive Landscape

The global glucose monitoring devices market is highly competitive with demand for technologically improved devices and increasing CGM device market launches.

 Some of the key global glucose monitoring devices market players are Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd., Lifescan, Inc., Sanofi, B Braun Melsungen AG, Dexcom, Senseonics, Novabiomedical, and Omnis Health.

 Abbott Laboratories

 Overview: Abbott is a global healthcare firm dedicated to assisting people at all stages of life to live more fully. With leading businesses and products in diagnostics, medical devices, nutritional, and branded generic medications, their portfolio of life-changing technology spans the healthcare spectrum. Their 109,000 colleagues serve more than 160 countries.

 Product Portfolio: Abbott is committed to creating cutting-edge products that make glucose testing more convenient and accurate. Their systems and mobile apps come with a variety of features tailored to the demands of diabetics.

 Key Development: On November 02, 2020, In India, Abbott launched the FreeStyle Libre continuous blood glucose monitoring system. A thin (5.5mm long) filament is placed just beneath the skin and secured in place with a small adhesive pad, and the FreeStyle Libre sensor monitors glucose in interstitial fluid every minute.

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Lancet and Pen Needles Market Scope, Size, Growth, Leading Players, Geographical Demands and Forecast 2028

Lancet and Pen Needles Market research study published by Profshare Market Research mainly focuses on the Covid 19 pandemic impact on market & its future outlook. Research study has extensively worked on supply-demand analysis which is important parameter in industry. Supplier analysis delivers very clear picture supply- demand scenario in the market.

Analytical tools used while developing research studies includes SWOT analysis, market sizing, Porter's 5 Forces model, PESTAL analysis. Opportunities and threat analysis has gain significant importance in recent years primarily due to dynamic nature of industry. Environment safety measure is covered in PESTAL analysis that informs clients about environment safety policies practicing by various countries globally.

Research study has taken 2018 as base year while market data for 2014-17 is considered as historic data. Precise analytical use of historic data is significant to calculate forecast value of market. Competitive intelligence in the study delivers exact information about key players previous & current business model that immensely helps user to develop their own business strategy.

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Market Segmentation

Product Types:

17/18G

21G

23G

25G

Application/ End User Analysis

Clinics

Hospitals

Medical Institutions

Company Analysis

Becton

Dickinson and Company

Novo Nordisk

Ypsomed Holding AG

B. Braun Melsungen AG

HTL Strefa S.A

Terumo Corporation

Artsana S.p.a

Regional analysis

North America : USA, Mexico, Canada

Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe

Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania

Latin America : Brazil & Argentina

Middle East : UAE, Qatar, Israel.

Rest of the World.

Research study developed on Lancet and Pen Needles Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:

Market estimation

Forecast 2020-28

Growth drivers

Raw material & Supply analysis

End User & Application insight

Key player’s analysis

Import & Export scenario

Challenges & Opportunities

Current & emerging market trends.

Tenders & Pricing scenario.

Key Questions answered by the Lancet and Pen Needles Market Report:

What is the Base Year for Lancet and Pen Needles Market report?

What historical data is included in Lancet and Pen Needles Market Report?

Are Top companies in Lancet and Pen Needles Market are analysed in this report?

What are the regions analysed in Lancet and Pen Needles Market Report?

What are the main topics covered in the Lancet and Pen Needles Market Report ?

Is COVID 19 impact on the Lancet and Pen Needles Market included in the report ?

About Profshare:

Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.

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Profshare Market Research

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[garnersupply]

Testing blood sugar involves pricking your own finger with the aid of a sharp needle (it's fitted to a pen-like device called a lancet) to get a drop of blood that needs to be placed on the testing strip. The testing strip is then placed in the testing meter that yields the results in less than 15 seconds. This is the most basic testing methodology that’s followed by diabetes patients across the globe. The difference in testing experience lies in the variety of testing devices that are available in the market.

[bigfandeer]

Elastography Imaging Market Growth Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2027

Elastography Imaging Market -Overview

The mushrooming occurrence of life-threatening diseases is predicted to spur the Elastography Imaging Market Growth share. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is anticipated to disclose an 11.1% CAGR in the forecast period.

The ability to gain a proper diagnosis that is more thorough is predicted to favor the expansion of the elastography imaging market companies in the forecast period. The increased opt-ins for surgical intervention to treat diseases are foreseen to augment the elastography imaging market in the future.

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Segmental Analysis

The segmental appraisal of the elastography imaging market is carried out on the basis of modality, application, end-user, and region. The application segment of the elastography imaging market comprises of orthopedic & musculoskeletal applications, cardiology, obstetrics/gynecology, radiology/general imaging, urology, vascular, and others. The region segment of the elastography imaging market comprises of the Americas, Europe, the Middle East, Asia Pacific, and Africa. The modality segment of the elastography imaging market comprises of magnetic resonance and ultrasound elastography. The end-user segment of the elastography imaging market comprises of research laboratories, hospitals & ambulatory surgical centers, and diagnostic centers.

Detailed Regional Analysis

The regional examination of the elastography imaging market comprises of the Americas, Europe, the Middle East, Asia Pacific, and Africa. The elastography imaging market in the Americas region is anticipated to govern the international market due to the soaring implementation of new technology in the region and the swelling per capita healthcare spending. Also, collective expenditures on research by healthcare associations are projected to drive the development of the elastography imaging market in this region. Moreover, the growth in the insurance handling and refining reimbursement situations in the US and Canada is also anticipated to drive the advance of the elastography imaging market. The elastography imaging market in the European region showed a considerable amount of expansion. The market progress in this region is credited to an upsurge in chronic diseases, the incidence of a firm healthcare system, and the participation of important companies. The elastography imaging market in the Asia Pacific is anticipated to have a fixed growth rate throughout the forecast period due to the growing number of patients with lasting diseases and government proposals for healthcare improvements. However, a reduction in capital investment is confining the elastography imaging market development in this region.

Key Players

Leading players profiled in the global elastography imaging market report include General Electric Company, Supersonic Imagine, Samsung Electronics (Samsung Medison), Koninklijke Philips N.V., Mindray Medical International Ltd., Resoundant Inc., Hitachi Ltd., Esaote, Fujifilm Holdings Corporation, Siemens AG, and Canon Medical Systems Corporation.

Industry News

November 2019: SimonMed Imaging is the first to provide advanced screening for fatty liver disease. The VIDA 3T MRI helps to detect fibrosis resulting from fatty liver disease or other chronic liver diseases. It uses MRE (magnetic resonance elastography) that combines sound waves with MRI to develop an elastogram (visual map) to show the stiffness of the body tissue, thus offering radiologists with color contrasted clear visual, maximizing accuracy, and limiting error.

LIST OF TABLES

Table 1 Global Elastography Imaging Market Synopsis, 2020-2027

Table 2 Global Elastography Imaging Market Estimates and Forecast, 2020-2027 (USD Million)

Table 3 Global Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

Table 4 Global Elastography Imaging Market, by Application, 2020-2027 (USD Million)

Table 5 Global Elastography Imaging Market, by End User, 2020-2027 (USD Million)

Table 6 Global Elastography Imaging Market, by Region, 2020-2027 (USD Million)

Table 7 North America: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

Table 8 North America: Elastography Imaging Market, by Application, 2020-2027 (USD Million)

Table 9 North America: Elastography Imaging Market, by End User, 2020-2027 (USD Million)

Table 10 US: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)

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Lancet and Pen Needles Market: Global Outlook, Research, Trends and Forecast to 2021

Lancet And Pen Needle and Market is expected to register a CAGR of 7.9%. Lancet and Pen Needle Market is blasting in European Medical industry, mechanical progression, overwhelming interest in innovative work are a portion of the key factors that will drive the request. Pen needles land in a grouping of needle lengths and breadths and are used by prosperity specialists and patients for implantation of a combination of prescriptions. They are for the most part used by people with diabetes who consistently require different step by step insulin mixtures. A lancet then again is a two edged, little cutting edge or surgical blade with a sharp point which has different sorts like surgical lancet, blood lancet and inoculation lancet.  

Companies Involved:

Dickinson and Company, Novo Nordisk, Ypsomed Holding AG, Artsana S.p.a, Owen Mumford Ltd, Allison Medical, Ultimed, Becton, B. Braun Melsungen AG, HTL-Strefa S.A., Terumo Corporation.

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Market Segments Needles:

Segmentation by Length:

Segmentation can be done on the basis on length: 4mm, 5mm, 6mm, 8mm, 10mm, 12mm

Therapy:

Segmentation can be done on the basis of Therapy: - Insulin, Hormones and Glucagon-like peptide

End Users:

Segmentation can be done on the basis of End users: Clinics, Hospitals, Medical Institutions

Segments Lancets:

Segmentation Penetration Depth:

Segmentation can be done on the basis of Penetration Depth: 0.8 MM TO 1.0 MM, 1.1 MM TO 1.5 MM, 1.6 MM TO 2.0 MM, 2.1 MM TO 2.5 MM, 2.5 MM TO 3.0 MM

Segmentation Gauge:

Segmentation can be done on the basis of Gauge: 17/18G, 21G, 23G, 25G, 28G, 30G

Study Aim of Lancet and Pen Needles Market:

To give nitty gritty examination of the market structure alongside figure for the following ten years of the different fragments and sub-sections of the worldwide Pen Needles and Lancets Market.

Bits of knowledge about components influencing the market development.

Break down the Pen Needles and Lancets Market in view of different elements value investigation, production network examination, doormen five power investigation and so on.

Give authentic and figure income of the market fragments and sub-sections concerning four fundamental topographies and their nations North America, Europe, Asia, and Rest of the World (ROW). Give nation level examination of the market regarding the present market size and future imminent.

Browse Report @ https://www.marketresearchfuture.com/reports/lancet-pen-needles-market .

Provide country level analysis of the market for segment by Type, Applications, End Users and its sub-segments. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Pen Needles and Lancets market.

Regional Analysis of Lancet and Pen Needles Market:

North America is currently one of the leading markets for lancets and pen needles. With an established infrastructure, Technological advancement, heavy investment in research and development and development of new techniques and instruments gives the North American region opportunity to become a leading market for the lancet and pen needle industry. The European medical market is currently booming. The numbers of medical professionals in Europe are increasing steadily. Increasing awareness, rising literacy rate is also going to increase the demand for pen needles and lancet products.

Geographical Analysis:

Americas

North America, US, Canada, Latin America

Europe

Western Europe, Germany, France, Italy, Spain, U.K, Rest of Western Europe, Eastern Europe

Asia– Pacific

Asia, China, India, Japan, South Korea, Rest of Asia, Pacific

The Middle East& Africa

The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Nystagmus Market Segmentation, Dynamics Till 2023

Nystagmus Market Share and Application By Type (Infantile, Latent Nystagmus, Noonan Syndrome, Nystagmus Blockage Syndrome) Diagnosis (Ct Scan, Mr Scan, Chromosome Analysis, Ultrasonography) Treatment (Medication, Surgical) End-User – Global Forecast Till 2023

Segmentation:

The Nystagmus market is segmented on the basis of type, diagnosis, treatment, and end-users.

Based on the type, the market is segmented into infantile, latent nystagmus, noonan syndrome, and nystagmus blockage syndrome.

On the basis of the diagnosis, the market is segmented into CT scan, MR scan, chromosome analysis, ultrasonography, and others.

On the basis of the treatment, the market is segmented into medications, surgical, and others.

On the basis of the end-user, the market is segmented into hospitals & clinics, research centers, specialty eye clinics, and others.

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Key Players:

Some of key the players in the global Nystagmus market are Bristol-Myers Squibb Company, NUSAPURE, ALLERGAN, Aerie Pharmaceuticals, Inc., Pfizer Inc., Valeant Pharmaceuticals International, Inc., Bayer AG, Genentech, Inc., Novartis AG , Regeneron Pharmaceuticals, Inc., Shire, and Santen Pharmaceutical Co., Ltd., and others.

Regional Analysis:

The Americas dominate the global Nystagmus market owing to the presence of a huge patient population with eye problem, high healthcare spending, and increasing government support for research & development.    

Europe holds the second largest share of the global Nystagmus market as result of increasing focus of various government agencies on the treatment of eye diseases. Moreover, the growing public awareness about Nystagmus is likely to boost the European market.  

The Asia Pacific region is expected to be the fastest growing region and is anticipated to compete with the American and European region during the forecasted period 2017-2023. Japan holds the major share of the regional market due to the availability of advanced technology and huge healthcare spending. Moreover, rapidly developing economy, increasing healthcare expenditure, and the government’s initiatives for research & development is projected to drive the market in China and India over the forecasted period.  

The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities. The U.A.E., Saudi Arabia, and Kuwait are expected to drive the Middle East & African market whereas, the African region is expected to witness a moderate growth.

Market Overview:

Increasing prevalence of rare diseases, rising demand for better treatment, increasing investment in biotechnology and pharmaceutical industries for R&D, and availability of funds are driving the growth of the market. Moreover, increasing government support for research & development, changing lifestyle, and rapidly developing technology is expected to fuel the market growth during the forecast period. However, high cost of the treatment may slow the market growth during the period, 2017-2023.

The global Nystagmus market is expected to grow at a CAGR of ~6.2 % during the forecast period 2017-2023. According to the Association for Research in Vision and Ophthalmology (2012), the prevalence of Nystagmus was estimated to be 24.0 per 10,000 population across the globe. The study identified the following as the most common forms of Nystagmus; neurologic Nystagmus (6.8 per 10,000 population), Nystagmus associated with low vision such as congenital cataracts (4.2 per 10,000), and Nystagmus associated with retinal diseases

Brows More Healthcare Related Research Reports:

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Lancet and Pen Needles Market Trends Analysis, Growth | Size Value, 2027

Microfluidic Devices Market Size Analysis, Trends | Share Value, 2025

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Diabetes Care Devices :  BD; Novo Nordisk A/S; B. Braun Melsungen AG; Insulet Corporation; Tandem Diabetes Care, key Companies in Smart Diabetes Devices

The diabetes care devices market size is estimated to reach US$ 39,382.3 million by 2027 from US$ 23,354.3 million in 2018; it is expected to grow at a CAGR of 6.1% during 2019-2027.

The diabetes care devices market growth is attributed to the rising incidence of diabetes, growing geriatric population, increasing prevalence of obesity across the globe, and rapid technological advancement in diabetes care devices.

Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce insulin. This inability prevents the body from regulating blood glucose levels. There are two types of diabetes diabetes type-I (also known as diabetes insipidus) and diabetes type-II (also termed as diabetes mellitus). Incidences and prevalence of diabetes are steadily increasing across the globe. Type 2 diabetes is the most prevalent form of diabetes and has increased due to significant cultural and societal changes. In high-income countries, up to 91% of adults have type 2 diabetes. According to International Diabetes Federation (IDF), approximately 425 million people were detected with diabetes in 2017and is expected to reach 629 million by 2045 across the globe.

Moreover, in 2017, a total of 30,187 people were diagnosed with diabetes in the US. Diabetes is one of the chronic disorders which require sustained care throughout. Thus, the increasing prevalence of diabetes is expected to boost the diabetes care market size during the forecast period.

Insulin is delivered into the body using needles, insulin pens, and insulin pumps. Insulin pumps are small, computerized diabetes management devices connected with a cannula under the skin that is used to deliver a slow continuous level of insulin. The flow can be controlled by an individual depending on the requirement. The optimal diabetes management depends on accurate glucose monitoring devices. The increasing advancements in blood glucose (BG) monitoring technology have resulted in improved accuracy, smaller required blood volumes, and the ability to transfer data between the BG meter and insulin delivery devices.

Pen needles and syringes are the most commonly used devices for injecting insulin into diabetic patients. Various manufacturers are developing innovative products to sustain in the highly fragmented global pen needles market. The easy regulatory approvals in Asian countries have led to mid-sized companies entering the diabetes care devices market and competing with the local and established players. For instance, in May 2018, Hindustan Syringes and Medical Devices (HMD), one of the leading manufacturers of disposable syringes, introduced “Dispovan” insulin pen needle the first made-in-India disposable pen needle that is more technologically efficient and affordable than that of the currently available products in the market. The development of pen needles with precise lubrication to reduce pain sensation has been another focus of manufacturers during the research.Thus, the ongoing technological advancements are expected to assist the diabetes care devices market size over the forecast period.

The global diabetes care devices market, based on product, is bifurcated into glucose monitoring devices and insulin delivery devices. The glucose monitoring devices segment is further subsegmented into glucometers, lancets, testing strips, and other glucose monitoring devices. The insulin delivery devices segment is further categorized into insulin pens, insulin syringe, insulin pumps, and other insulin delivery devices. The global diabetes care devices market, based on end user, is segmented into homecare and hospitals & clinics.

Apart from the developments for the diabetes care devices market, the key market players are developing innovative products that assists in the diagnosis and monitoring of the diabetic conditions. For instance, the current Accu-Chek portfolio of F. Hoffmann-La Roche Ltd. offers people with diabetes and healthcare professional’s innovative products and impactful solutions for convenient, efficient and effective diabetes management. Similarly, the companies are performing inorganic growth market for instance, in February, 2017, Roche and Medtronic entered into an agreement to develop a next-gen BG meter that will intertwine Accu-Chek glucose monitoring technology into a future Medtronic pump system.