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Krabbe Disease Treatment Market Financial Overview, SWOT Analysis, Key Development and Forecasts Till 2022

Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global Krabbe Disease Treatment Market Research Report.

Krabbe disease is an incurable medical condition where the protective coating of nerve cells around the brain are destroyed which causing nerve damage. The global Krabbe disease treatment market can reach a significant valuation, exhibiting a steady CAGR over the forecast period of 2016 to 2022, as per a research report published by Market Research Future (MRFR). The market has been growing continuously on account of increasing incidence of Krabbe disease across the globe. Classification of Krabbe disease under orphan disease has propelled the growth of the market. Pharmaceutical companies receive incentives to develop medicine for rare disease along with reduced fees in protocol assistance and protection from competition after the medicine is marketed. Increased government funding for drug development and easy approvals, tax credits on clinical research, reduction in the amount of registration fees also aid the growth of the market. These factors also promote research and development activities which further boosts the market growth. Increasing awareness about the disease coupled with the development of tests for screening patients is a crucial market driver. Regulations aimed at free screening of patients irrespective of health insurance cover and government aid for treatment has been a significant driver of the market. Increasing insurance penetration and better reimbursement policies favor the growth of the market and provide future growth opportunities. Approval of various drugs aimed at the treatment of Krabbe disease by FDA too is a vital growth factor.  Advancements in the therapeutics such as the introduction of gene technology in the treatment of Krabbe disease are expected to drive the market significantly in the coming years. A significant trend which has been pushing the market growth is the emergence of pharmacological chaperone therapy. Pharmacological chaperone is a promising therapeutic approach which uses drugs to stabilize and guide Chaperone, an ineffective enzyme to help it perform normally. However, the growth of the market might be hindered by the limited patient pool for clinical trials. High costs of treatment for Krabbe diseases such as bone marrow transplantation, cord blood transplantation, and others are major restraints. Lack of effective treatment and high costs of development of new drugs and therapies are other restricting factors.

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Segmentation

The global Krabbe disease treatment market has been segmented based on type of treatments and end users. By type of treatments, the market has been segmented into anticonvulsant medication, physical therapy, muscle relaxer drugs, bone marrow transplantation and others. By end users, the market has been segmented into hospitals and clinics, research centers, laboratories and others.

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Regional Analysis

The key markets of the global Krabbe disease treatment market include North America, Europe, Asia Pacific and the Middle East & Africa. North America leads the market for global Krabbe treatment owing to rise in the screening of the disease and government support for the diagnosis and treatment. Europe follows North America closely and is led by the Scandinavian nations such as Finland and Norway. Asia Pacific is poised to grow at the fastest rate due to large unmet needs and growing awareness about the disease in the developing economies of the region. Asia Pacific market is expected to be led by Japan, China, and India. The Middle East and Africa market are expected to exhibit steady growth and led by Israel. However, the African continent is foreseen to yield weak growth due to poor socio-economic conditions and lack of healthcare penetration in the less developed regions of Africa. South Africa and Egypt are likely to be the key contributors.

Competitive Landscape

The global Krabbe disease treatment market is highly competitive with the presence of various large and small vendors. The notable players of the market include Abbott Laboratories, GlaxoSmithKline, Novartis AG, Sanofi-Aventis SA, UCB Pharmaceuticals, Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Pfizer, and Shire. The key players are investing heavily in clinical trials and development of new drugs and therapies to gain a competitive edge over the market.

Industry Updates

A new life-saving saliva test has been developed which will allow the screening of newborns for Krabbe disease and various other conditions. The test will facilitate identification even before any symptoms become apparent and has been developed by a Sydney-based pathology lab, Genepath.

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Ultra-Low Temperature Freezer Market Financial Overview, SWOT Analysis, Key Development and Forecasts Till 2022

Ultra-Low Temperature Freezer Market Insights

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Ultra-Low Temperature Market Research Report. Ultra-Low Temperature Freezer is designed to deal with the contamination, an everyday challenge various cell culture labs confront. Contamination, undetected or ignored endangers the reliability and reproducibility of experimental data. Hence, each lab relies on ULT freezers as the best measures to prevent microbial contamination.

Increasing number of research activities taking place in the research Institutes or laboratories in the pharmaceutical manufacturing and bioscience defines the augmented demand for ULT freezers and its increasing market size. Besides, the efficacy these ULT freezers deliver in bio-banks and hospitals escalates the market of ULT freezers to the ascended heights on the global platform.

Acknowledging the heightened accruals this market is witnessing currently, Market Research Future (MRFR), in its recently published study report, asserts that the global ultra-low temperature freezer market is forecasted to register 2.7% CAGR between 2016 -2022, to be valued at USD 701.4 million by 2022.

Technological advancements that took place in the smart and connected devices and the proliferation of some ubiquitous technologies such as the Artificial Intelligence (AI) and Internet of Things (IoT) in these freezers foster the market growth.

Additional factors such as substantial investments put in the R&D activities to suffice the augmenting demand for break-through drug discovery and treatments to respond to the growing prevalence of chronic disease and transplants are fuelling the market growth to an extent.

Furthermore, factors propelling the market growth include the improving economic conditions worldwide that enable access to the quality, and improved health care fosters the market growth. Advancements in surgeries, fuel the market growth.

Conversely, factors such as prohibitive costs associated with ultra-low temperature freezer and the lack of awareness towards the availability of these appliances in the developing as well as in the developed regions are considered as the major factors impeding the market growth. Adversely, new products and services available in the developing and well as developed countries and the presence of well-established market players are expected to provide impetus to the market growth, filling up the demand and supply gap.

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 Global Ultra-Low Temperature Freezer Market- Segments

MRFR has segmented its analysis into three key dynamics for the convenience of understanding;

By Types             : Upright ULT Freezers and Chest ULT Freezers among others.

By End-users     : Bio-Banks, Hospital, Academic, and Research Institute among others.

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

 Global Ultra-Low Temperature Freezer Market- Regional Analysis

Globally, the North American region is dominating the global ultra-low temperature freezer market. Factors substantiating the market growth include increasing R&D activities and research projects, extensive uptake of these advanced freezers, increasing governmental support for R&D activities and high health care expenditures.  The ultra-low temperature freezer market in North America is expected to reach USD 393.9 Mn by 2022.

Europe region is another lucrative market for ultra-low temperature freezers. The market is heading with the increasing emphasis on the development of advent freezing equipment, rising government support for R&D activities with the increased funding. Besides, the rising numbers of specialty services offered by various healthcare providers provide impetus to the market growth in the region. Thus, the market in Europe is expected to grow at a CAGR of 2.8% from 2016-2022.

The ultra-low temperature freezer market in the Asia Pacific region is emerging as a promising market, which is growing rapidly.  Increasing number of research labs is defining the growing demand for this type of freezers. Furthermore, factors such as the increasing demand for quality appliances in the healthcare and rapidly developing healthcare technology is expected to lead the use of advanced equipment, which, in turn, is expected to fuel the market growth, helping it to reach USD 152.5 Mn by 2022.

GlobalUltra-LoTemperatureFreezerMarket-CompetitiveAnalysis The global ultra-low temperature freezer market is fragmented with a large number of players churning the competition. They strive to develop highly advanced freezers that can In-addition to tackle the everyday challenge of contamination in cell culture labs. Freezers that can reinforce the reliability and integrity of the cold preservation process, minimizing any potential technical risks, such as mechanical breakage rates, disruptions, and obstructions while also reduce a lab’s environmental footprint all at once. 

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https://www.marketresearchfuture.com/sample_request/1813 KeyPlayers: Some of the leaders in the market which are profiled in the MRFR analysis are VWR International, Panasonic Healthcare Corporation (North America), Helmer Scientific, Haier, Thermofisher Scientific Inc., and Eppendrof AG.

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Keratoacanthoma Market 2022 Forecasts by Global Industry Analysis in 2018 Report

Market Synopsis of Global Keratoacanthoma Market:

Market Scenario: Keratoacanthoma (KA)is a condition in which a tiny dome or a crater is formed on the skin which is a result of a low grade, slow growing cancer tumor on the skin. It is benign in nature despite its appearance and other similarities with Squamous Cell Carcinoma (SCC). KA initially originates in the hair follicles of the skin and very rarely spreads to the other cells. The prevalence of this condition is mostly in the people aged 60 or more but it can even occur in people who are exposed to sun, coming in contact with chemical carcinogens, or through infection.The growing ageing population and people notavoiding direct sun exposure for prolonged hours has driven the growth of the market. The global market is expected to reach US$ XX by the end of the forecasted period and is expected to grow at a CAGR of XX%.

To provide detailed analysis of the market structure     along with forecast for the next 7 years of the various segments and     sub-segments of the Global KeratoacanthomaMarket

To     provide insights about factors affecting the market growth

To     analyze the market based on various factors- price analysis, supply chain     analysis, porters five force analysis etc.

To   �� provide historical and forecast revenue of the market segments and     sub-segments with respect to four main geographies and their countries-     Americas, Europe, Asia-Pacific, and Middle East & Africa.

To     provide country level analysis of the market with respect to the current     market size and future prospective

To     provide country level analysis of the market for segments by treatment, by     end userand other segments.

To     provide overview of key players and their strategic profiling in the     market, comprehensively analyzing their core competencies, and drawing a     competitive landscape for the market

To     track and analyze competitive developments such as joint ventures,     strategic alliances, mergers and acquisitions, new product developments,     and research and developments globally.

Key Players for Global Keratoacanthoma Market: Some of the key players in this market are: Cipla Ltd., GE Healthcare, Glenmark Pharmaceuticals Ltd., Hospira, Pfizer, Philips Healthcare, Ranbaxy Laboratories Ltd., Sanofi, Siemens Healthcare and others.

Segments: Global Keratoacanthoma Market has been segmented on the basis of treatment which comprises of Medication, Surgery (Cryosurgery and Mohs’ Microscopic Surgery) Intralesional Injection, Radiation Treatment and X-ray therapy and others. On the basis of end user, the market is segmented into Hospitals, Medical Research Laboratories and others. Market Information, by treatment (Medication, Surgery – Cryosurgery and Mohs’ Microscopic Surgery, Intralesional Injection, Radiation Treatment and X-ray therapy).  Intended Audience

Pharmaceutical     Companies

Suppliers for medical and     surgical equipments

Research and Development     (R&D) Companies

Hospitals and Clinics

Diagnostic Laboratories &     Centers

Medical Research Laboratories

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Key Finding

The     global Keratoacanthoma market and is expected to reach $XX million by     2022.

XYZ accounted for the largest     market share registering XX% of market share in 2015

Regionally, North America holds     the largest market share XX% of global Keratoacanthoma market and is     expected to reach $XXX million by 2022 from $XXX million in 2015.

Asia Pacific market is expected     to be the fastest growing market, and expected to grow at a CAGR of XX%     from 2016 to 2022

On the basis of treatment type,     XYZ segment holds XX% market share

Regional Analysis of Global Keratoacanthoma Market: 

Globally North America is the largest market for Keratoacanthoma. The North American market for Keratoacanthoma is expected to grow at a CAGR of XX% and is expected to reach at US$ XXX Million by the end of the forecasted period.  Europe is the second-largest market for Keratoacanthoma which is expected to grow at a CAGR of XX%. Asia pacific region is expected to be fastest growing region in Keratoacanthoma market. The report for Global Keratoacanthoma Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. 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. 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 markets segments and regions.

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Rheumatoid arthritis Market 2023 Forecasts by Global Industry Analysis in 2018 Report

Paronychia is a nail disease that is an often tender fungal infection of the hand or foot where the nail and skin meets. Paronychia is also known as whitlow, mainly it occurs in people who have constantly cold and wet hands, such as dairy farmers, fishermen, bar tenders, cleaners, housewives or people with poor circulation. It is a multifactorial inflammatory reaction of the proximal nail fold to irritants and allergens.

The global paronychia treatment market is growing rapidly and is expected to continue over the review period. The demand for paronychia treatment is high across the globe.  Increasing ratio of infected population enhances the demand for paronychia treatment globally. According to the American Academy of Family Physicians, few key recommendation for the treatment are provided such as ultrasonography can be used to determine the presence of an abscess or cellulitis when it is not clinically evident, The addition of topical steroids to topical antibiotics decreases the time to symptom resolution in acute paronychia. Moreover, chronic paronychia is treated by topical anti-inflammatory agents and avoidance of irritants.

The global paronychia treatment market is expected to grow at a CAGR of 11.7% during the forecast period 2017-2023.

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 Regional Analysis

The Americas dominate the global paronychia treatment market owing to the presence of major market player and healthcare awareness. Moreover high healthcare spending and increasing government support for research & development leads the growth of the market.

Europe holds the second largest share of the global paronychia treatment market as result of increasing focus of various government and private agencies on the treatment of skin disease. Moreover well-developed healthcare infrastructure and awareness leads the growth of this market.

Asia Pacific is the fastest growing paronychia treatment market across the globe. Rapidly developing economy, increasing healthcare expenditure, and the government’s initiatives for research & development are projected to drive the market in China and India over the forecasted period.

The Middle East and Africa holds the least share of the global market due to limited availability of medical facilities. Along with unavailability of skin specialists and referral is difficult due to geographic distance and availability of travel funds. 

 Segmentation

The global paronychia treatment market is segmented on the basis of type, application, and end user. On the basis of the type, it is segmented into acute paronychia, chronic paronychia, candidal paronychia, pyogenic paronychia, and others. On the basis of the application, it is segmented into mupirocin ointment, fusidic acid ointment, gentamicin ointment, dicloxacillin and others. On the basis of the end user, it is segmented into hospitals & clinics, dermatology center, and others.

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Key Players

Some of the key players in this market are GlaxoSmithKline plc (U.K), Glenmark Generics Ltd. (India), Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly Company (U.S.), Jonakayem Pharma Formulation Pvt. Ltd. (India), Fougera Pharmaceuticals Inc. (U.S.), Taro Pharmaceutical Industries Ltd. (U.S.), Perrigo New York, Inc. (U.S.) and others.

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Rheumatoid arthritis Market 2022 Forecasts by Global Industry Analysis in 2018 Report

Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global Rheumatoid Arthritis Market Research Report.

During old age, rheumatoid arthritis problem is common. And smokers are more prone to it. Contrary to popular belief, rheumatoid arthritis goes beyond joint pain. Sometimes, it can also damage various parts of the body system that include blood vessels, eyes, heart, lungs, and skin. Therefore, the rheumatoid arthritis market is growing.

Market Research Future (MRFR) has published a research report that predicts success for the global rheumatoid arthritis market with 4% CAGR (Compound Annual Growth Rate) between 2017 and 2022. Analyzing the market structure, this report evaluates the future growth potential and observes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures, mergers, and acquisitions, new product developments, new product developments (R & D) in the market. According to a study, the women are three times more prone to this disease than men. The key factors that can impact the market growth include a high number of individuals suffering from the autoimmune disease.

The global rheumatoid arthritis market has been segmented on the basis of diagnosis, drug type, treatment, and lastly, region. Based on the diagnosis, the market has been segmented into the C-Reactive Protein (CRP) Test, cyclic citrullinated peptide (CCP), and erythrocyte sedimentation rate (ESR) test.  By drug types, the market has been segmented into biologic agents, Disease-modifying anti-rheumatic drug type (DMARDs), Non-steroidal anti-inflammatory drug type (NSAID), and steroids. The treatment-based market segmentation covers joint fusion, synovectomy, and tendon repair. Joint fusion welds the bones to relieve joint pain. Via synovectomy, the synovial tissue surrounding a joint is removed. Tendon repair is surgery required for treating a torn or damaged tendon.

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The regional segmentation of the global rheumatoid arthritis market segments the market into regional markets namely North America, Europe, Asia Pacific, and the Middle East & Africa. North America is the biggest market due to advanced medical facilities being available here, and it is expected to grow during the forecast period. The cream of this market comprises of the United States of America (USA) and Canada. Europe, the second largest market for rheumatoid arthritis is also expected to grow during the forecast period. After North America, Europe has maximum advanced medical facilities. Maximum revenue of this market comes from France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Europe.

Asia Pacific market is expected to be the fastest growing market for rheumatoid arthritis during the forecast period due to medical facilities improving in this region with growing urbanization and steady technological advancement that is giving rise to medical tourism in Asia Pacific region. The biggest share in the Asia Pacific region is commanded by Australia, China, India, Japan, and South Korea, followed by the rest of Asia Pacific. MEA region is the smallest regional market. Due to lack of education, less infrastructure development, limited growth in the healthcare sector, and political instability, the market is low in this region. Maximum revenue for this market is generated by Egypt, Saudi Arabia, South Africa, and United Arab Emirates (UAE), followed by rest of the MEA region.

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Key Players

The key players in the global rheumatoid arthritis market include AstraZeneca (UK), Bristol-Myers Squibb Company (USA), Eli Lilly and Company (USA), F. Hoffmann-La Roche Ltd (Switzerland), Novartis AG (Switzerland), Pfizer Inc (USA), Sanofi (France), and Vertex Pharmaceuticals Incorporated (USA).

Latest Industry News

Zydus Cadila has obtained approval from     the United States Food and Drug Administration (USFDA) to market Piroxicam     Capsules USP that are useful for the treatment of osteoarthritis and     rheumatoid arthritis. 19 JUL 2018

Celltrion is working on the clinical     trials of its versions of AbbVie’s rheumatoid arthritis treatment Humira     and Roche’s oncology therapy Avastin. 16 JUL 2018

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Chronic obstructive pulmonary disease (COPD) Market 2022 Forecasts by Global Industry Analysis in 2018 Report

Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global Chronic Obstructive Pulmonary Disease Market Research Report.

Due to the unhealthy lifestyle among people in consumerist cultures, pollution, and various reasons, the number of people suffering from respiratory disorders and chronic diseases is rising. Among these, a common one is a chronic obstructive pulmonary disease (COPD). This obstructive lung disease characterized by long-term breathing problems and poor airflow. When a disease becomes common, and the number of people suffering from it goes up, so does the market offering treatment for it. The major factor driving the growth of market COPD treatment is the increasing number of adult smokers. Due to environmental pollution, the number of rapidly growing asthma patients is increasing the growth of the COPD market.

Market Research Future (MRFR) has published a research report about the global chronic obstructive pulmonary disease (COPD) market that measures huge elevation in this market between 2016 and 2022. This report provides a detailed analysis of market structure with the forecast for next years and provides insights into factors affecting the market growth. Analyzing the market on the basis of various factors, it evaluates the market with current market size and future potential regarding growth. Profiling various key players in the market, the report discusses their activities and observes competitive developments like joint ventures, mergers and acquisitions, new product developments, strategic alliances, and research and developments (R & D).

The global chronic obstructive pulmonary disease market has been segmented into medicines, treatments, types, and lastly region. On the basis of medicines, this market has been segmented into antibiotics, bronchodilators, combination inhalers, inhaled steroids, oral steroids, phosphodiesterase-4

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 inhibitors, and theophylline. Antibiotics are useful for fighting bacterial infections. Bronchodilators are medications that open (dilate) the airways (bronchial tubes) of the lung by relaxing bronchial muscles. They allow people with difficulty in breathing to breathe better. A combination inhaler combines two kinds of medicine in one device. Usually, in a combination inhaler, one medicine is corticosteroid while the other is a bronchodilator. Advair Diskus, Breo, Dulera, and Symbicort are some examples of combination inhalers. Some examples of inhaled steroids include Arnuity Ellipta, Flovent, Pulmicort, Qvar, and Symbicort are some examples of inhaled steroids. Oral steroids are the non-narcotic type of powerful prescription medication. Commonly called as a PDE4 inhibitor, phosphodiesterase type 4 inhibitor, is a drug used to block the degradative action of phosphodiesterase 4 (PDE4).

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 The treatment-based segmentation of market comprises of oxygen therapy, lung transplant, bullectomy and others. Bullectomy is the surgical process for the removal of a bulla, which is a dilated air space in the lung parenchyma. A bulla measures more than 1 cm. Bulla that occupies more than 30% of the hemithorax is called giant bulla. Bulla is the most common cause of COPD. In oxygen therapy, oxygen is used for medical treatment. Lung transplant is a medical process where a permanently damaged lung of a patient is removed, and a healthy lung from another person is planted into the body of the patient. By types, the global COPD market has been segmented into chronic bronchitis and emphysema. Chronic Bronchitis (CB) is defined as a chronic cough and sputum production for at least 3 months a year for 2 consecutive years. Emphysema is a lung condition that causes shortness of breath.

The regional segmentation of global chronic obstructive pulmonary disease market covers The Americas (North America & South Americas), Europe, Asia Pacific, and Middle East & Africa (MEA). Among the Americas, North America is the bigger market for COPD, than South America due to advanced medical facilities and more investment in this region, the biggest local markets are the United States of America (USA) and Canada. North America is the largest market among all regional markets.

Due to the reasons same as the Americas, Western Europe is the bigger market, than Eastern Europe. Although the market in whole Europe is decent and steady in Western Europe, the cream of Europe market in France, Germany, Italy, Spain, and the United Kingdom (UK). Europe is the second largest market for COPD.

In the Asia Pacific region, the market is growing due to the high density of population and improving medical facilities in some countries of this region. During the forecast period, Asia Pacific is expected to be the fastest growing market for COPD. The biggest markets in the Asia Pacific are Australia, China, India, Japan, and South Korea, followed by the rest of the Asia Pacific. In the MEA region, the market is small due to poor or limited infrastructure and less investment in health care. However, due to hookah smoking, the number of people suffering from COPD is sizable. In this region, the biggest markets are Kuwait, Oman, Saudi Arabia, United Arab Emirates (UAE) and Qatar.

Key Players

The key players in global COPD market are Abbott (USA), AstraZeneca (UK), Dr. Reddy’s Laboratories Ltd (India), F. Hoffmann-La Roche Ltd (Switzerland), GSK (UK), Merck (USA), Novartis AG (Switzerland), and Pfizer Inc (USA).

 Latest Industry News

Pulmonx® Corp. has announced that the US     Food and Drug Administration (FDA) has approved the Zephyr® Endobronchial     Valve System for treating severe emphysema patients. The Zephyr Valve is     the first minimally-invasive device approved in the USA for treating     emphysema patients. 30 JUNE 2018

The FDA’s Pulmonary Allergy Drugs     Advisory Committee has voted 16-3 against recommending GlaxoSmithKline’s     mepolizumab (Nucala) as an add-on treatment to inhaled     corticosteroid-based maintenance treatments that claim to reduce flare-ups     in patients with COPD. 25 JUL 2018

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Pacemaker Market 2022 Forecasts by Global Industry Analysis in 2018 Report

Global Pacemaker Market - Overview

A pacemaker is a small device that is used to regulate your heart rhythm. The global pacemaker market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Cardiac pacemaker are the artificial heart rhythm management devices which regularize the heartbeats by sending the electrical impulses to the heart. External pacemakers are the temporary pacing devices which are used during the cardiac surgical procedures to maintain the heartbeat rhythms. External pacemakers require a fully furbished clinical facility. On the other hand, implantable pacemakers are placed inside the skin on the left side of the chest of the patient. The normal life of an implantable pacemaker device is said to be 10 years. The average cost of the device is around $10000 in US. But due to the favourable reimbursement policies of the government, it becomes affordable for the people to undergo the implantation procedure leading to the growth of the market. Among the two types implantable and external, implantable cardiac pacemakers are the most preferred pacemakers by the physicians. The market for implantable pacemaker is very large as compared to external pacemaker. After the certain age, heart starts to develop some irregularities in the rhythmic pattern. With the increasing age, the prevalence of arrhythmia rises leading to the various heart problems including the strokes and heart attacks. Pacemakers help in managing these irregularities and arrhythmias to lead the patient to a healthy life. Rise in the geriatric population, rise in the number of incidences of coronary diseases and number of deaths due to heart attacks are some of the factors which boost the demand of the cardiac rhythm management devices including the pacemakers. However, the recent developments in the implantable cardiac defibrillators have turned the tables to an extent. The increasing popularity of the implantable cardiac defibrillators can hamper the growth of the cardiac pacemakers globally.

According to the Centres for Disease Control and Prevention (2015), over 630,000 Americans died from heart disease each year, which accounted for 1 in every 4 deaths. According to findings from the World Health Organisation (WHO), in 2015, 82% of the total deaths were occurred in low- and middle-income countries. According to survey conducted by Johnson and Johnson Pvt. Ltd. around 2.5 million cardiovascular surgeries are performed in America every year.

According to the population reference bureau, the number of Americans ageing 65 and older is projected to more than double from 46 million in 2015 to over 98 million by 2060.

According to the StastsCan, 2015, over 5.7 million Canadians have aged 65 and older, which was 16.1 % of Canadian population.

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Global Pacemaker Market - Competitive Analysis

July, 2016- BIOTRONIK had received CE approval for its Edora pacemakers and cardiac resynchronization therapy pacemakers. Biotronik is one of the global leader in cardio- and endovascular medical technology, and is headquartered in Berlin, Germany, and represented in over 100 countries. Many patients have used company implants with improved quality, or have been treated with company’s coronary and peripheral vascular intervention products. However, the company was first to develop pacemaker in 1963, moreover the company has engineered many innovations, which includes Magmaris, the first clinically proven bioresorbable magnesium scaffold, Home Monitoring, Pulsar 18- the world's first 4 F compatible stent for treating long lesions, Orsiro, first hybrid drug-eluting stent; and the world's first implantable cardioverter defibrillators and heart failure therapy devices with ProMRI technology

Global Pacemaker Market - Regional Analysis

Depending on geographic region, pacemaker market is segmented into four key regions: America commands the largest global pacemakers market due to increasing awareness among the people towards the use of innovative technologies is the key factor for the growth of the market. North America is the major contributor of America pacemakers market owing to increasing financial capability of hospitals, increasing prevalence of chronic diseases, strategic collaboration with assurance companies in this region also contributed in the growth of the market. Europe is the second-largest market globally for cardiac pacemaker which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in cardiac pacemaker market. However, The Middle East and Africa has the lowest market for pacemakers because of limited development in medical field.

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