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Global Medical Oxygen Concentrators Market Analysis, Trends and Forecast by 2016 – 2024

Transparency Market Research states in a research report that the leaders in the global medical oxygen concentrators market take a sizeable portion of the market in terms of value. Their strongly established brand image helps keep their client pool intact and allows them to progress much faster in terms of research and development. Leaders in the global medical oxygen concentrators market also hold solid distribution networks within their core areas, making it even harder for new entrants to generate traction. The global medical oxygen concentrators market does face a moderate level of threat from substitutes such as oxygen therapy devices and liquid and gaseous oxygen cylinders, further creating a measurable barrier for players to climb. The global medical oxygen concentrators market is projected to reach US$2.41 bn by the end of 2024, after expanding at a CAGR of 8.5% within a forecast period from 2016 to 2024. The market was calculated to reach US$1.25 bn by the end of 2016.

Inogen, Inc., Koninklijke Philips N.V., Chart Industries, Inc., and Invacare Corporation had collectively taken up 65.5% of the global medical oxygen concentrators market in 2015, pointing towards a highly consolidated market. Each of the above key players hold a considerable hold over the global medical oxygen concentrators market through a consistent rate of introduction of newer technologies.

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Demand for Medical Oxygen Concentrators Ramped with COPD Patient Numbers on the Rise

“Chronic obstructive pulmonary disease, according to the WHO, is currently the fourth-leading cause of death, with close to 2.75 mn patients dying every year. COPD is further estimated to become the third-leading cause of death globally by 2030. The CDC adds that more than 16 mn U.S. citizens are currently living with lung cancer, COPD, smoking-related heart diseases, and other respiratory disorders. These numbers are vital to the global medical oxygen concentrators market, as these patients are the core consumers of concentrated oxygen. Their difficulty in breathing compels them to inhale larger volumes of oxygen per breath, thereby giving rise to a greater demand for oxygen suppliers such as medical oxygen concentrators,” states a TMR analyst.

The growing geriatric population is similarly providing a heavy demand for medical oxygen concentrators across the world and especially in the developed economies from North America and Europe. The elderly population in emerging economies is expected to rise at an extremely fast pace over the coming years, further fuelling the demand taken up by players from the global medical oxygen concentrators market. The market is also being driven by the overall advantages that these units provide over conventional oxygen units in terms of portability and their ability to constantly filter oxygen through the surrounding air. Additionally, governments are growing highly aware of the massive demand for oxygen supply units and are coming forward with increasingly favorable reimbursement policies for patients, further increasing the overall target audience that can afford medical oxygen concentrators.

High Cost and Oxygen Wastage Hamper Global Medical Oxygen Concentrators Market

The global medical oxygen concentrators market does not face too many complications in terms of adoption rate and gaining favor in all regions. However, the high cost of medical oxygen concentrators is currently making it difficult to introduce these units into emerging economies. Statistics show that Asia Pacific and Latin America are bound to become high potential regions for the adoption of medical oxygen concentrators owing to their high population densities, swiftly evolving healthcare infrastructure, and the presence of large rural populations often too far away from healthcare support. The reduction of costs of these units could massively benefit players trying to penetrate emerging economies in the long run. The global medical oxygen concentrators market is also facing a certain amount of negativity due to the fact that the units that function on continuous flow technology are in operation even when the patient does not need oxygen, thereby wasting it as well as over-consuming electricity.

“Smaller players are expected to show a significant level of foray into the global medical oxygen concentrators market over the coming years, due to the favorable nature of investments into the section of portable oxygen concentrators. The scope of development in medical oxygen concentrators is extremely high and new entrants could crack the niche egg successfully with the right type of investment in research and development, creating better opportunities for themselves,” adds the analyst.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Global Live Cell Imaging Market Analysis, Trends and Forecast by 2016 – 2024

Live Cell Imaging Market: Overview

Live cell imaging is the use of time lapse microscopy to study the living cells. The scientists use it to get a better understanding of the biological functions with the help of cellular dynamics. The live cell imaging technique is becoming increasingly popular in the healthcare industry.

The market can be categorized by products, by technologies, by end users and by regions. By product types, the live cell imaging market can be segmented into instruments, consumables and softwares. The instruments segment can be further sub-divided into standalone systems, cell analyzers, microscopes and image capturing devices. By technologies, the market can be segmented into fluorescence recovery after photobleaching (FRAP), fluorescence resonance energy transfer (FRET), high content screening (HCS), fluorescence in situ hybridization (FISH), ratiometric imaging, total iternal reflection fluorescence microscopy (TRIF), and multiphoton excitation microscopy (MPE) among others. Furthermore, the market can be segmented by applications into pharmaceutical industry, contract research organization, government and academic organization and diagnostic laboratories.

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Live Cell Imaging Market: Trends and Opportunities

The rising concern of cancer is one of the major factors behind the growth of increasing demand of this technology. Furthermore, the government is actively taking initiatives to fund cell based research. Moreover the live cell imaging has a wide area of application and it can used to understand dynamic processes and cellular structures. In addition, it can also be used to study cellular integrity, protein trafficking, enzyme activity, localization of molecules, exocytosis and endocytosis among others. Furthermore, the process can also be applied to monitor the molecules in live animals. Moreover, the pharmaceutical companies are increasingly using live cell imaging in research and development in order to develop new medicines. In addition, the live cell imaging is also used for high content screening.

However, the cost of implementing live cell imaging is very high is acting as a restraint for the market. Moreover, the technology requires highly skilled professional in order to study and understand the cell functions. The lack of availability of skilled professional is also expected to restrain the growth of live cell imaging market. However, with increasing investments in training and development programs this factor is expected to have low impact in the long run. In addition, the live cell imaging technique is gradually being applied by pharmaceutical companies to develop personalized medicine. This demand is expected to grow in future.

Live Cell Imaging Market: Geographical and Competitive Dynamics

By geography, the market can be divided into North America, Europe, Asia Pacific and Rest of the world. North America and Europe are the early adapters of technology. Furthermore, government initiatives are being taken in this region for research and development using live cell imaging. U.S. is the largest market for live cell imaging in North America. However, Asia Pacific region is expected to witness robust growth due to presence of developing nations such as India and China.
The key players in the live cell imaging market are Sigma-Aldrich Corporation, Nikon Corporation, GE Healthcare, Carl Zeiss AG, Danaher Corporation, Olympus Corporation and Thermo Fisher Scientific, Inc., Molecular Devices, LLC, Becton, Dickinson and Company and Perkinelmer, Inc. among others.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Bovine Respiratory Disease Treatment Market – Global Industry Analysis and Forecast 2016 – 2024

Global Bovine Respiratory Disease Treatment Market: Overview

Bovine respiratory disease (BRD) is a multifactorial and complex disorder caused due to combination of more than one microbial pathogens, impaired host immunity, inadequate housing conditions, and environmental factors. The major factor leading to bovine respiratory diseases are host factors, environmental factors, and direct influence of infectious agents such as virus, bacteria, and parasites. However, due to increasing consumption of milk and beef products, the need for bovine respiratory disease treatment has increased across the globe.

Moreover, according to the World Bank Group (2016), global human population is estimated to be 7.4 billion in 2016 and is growing at a rate of 1.8% per year. Hence, demand for beef has increased due to rising population and increasing disposable income across the world. The rising demand for high quality bovine derived products is influencing the bovine respiratory disease treatment market. Despite of innovations in veterinary medicines and advancement in technology, bovine respiratory disease is the leading cause to impact negatively on both the dairy and beef industries due to calf mortality, additional labor cost and treatment expenses. Moreover, bovine respiratory disease affects adversely on reproductive performance, growth and longevity of cattle. Hence, prevention and treatment of bovine respiratory disease have become important to decrease the impact on animal production and the beef industry. Therefore, the bovine respiratory disease treatment market is anticipated to witness significant growth in terms of revenue during the forecast period.

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Global Bovine Respiratory Disease Treatment Market: Segmentation

In terms of treatment type, the bovine respiratory disease treatment market has been categorized into vaccines, antibiotics, NSAIDs, and immunomodulators. Causative agents such as viruses leading to bovine respiratory disease have no direct treatment. Hence, vaccination is the preferred choice of preventive action against the disease. This increase market potential for vaccines. However, virus infected cattle is exposed to bacteria, parasites, and various other factors. Therefore, antibiotics are the preferred choice of treatment for bovine respiratory diseases. Effective treatment and significant demand has increased the scope for antibiotics in the bovine respiratory disease treatment market.

However, according to NCBI report, combination treatment with anti-inflammatory drugs such as NSAIDs has better results over the monotherapy of antibiotics. This has led to increase in usage of NSAIDs in bovine respiratory disease treatment. Bovine respiratory disease is generally treated with several combination therapies. However, growing resistance to antibiotics and drying pipeline has increased demand for novel treatment options for which cattle do not develop resistance, and consequently there is no impact on human life.

Development of newer generation antibiotics for cattle is anticipated to drive the global bovine respiratory disease treatment market during the forecast period. In order to avoid the issue of antibiotics resistance in bovine population, preventive measures such as vaccination and immunomodulators has observed increased global acceptance against the bovine respiratory disease. Hence, preventive treatment is gaining momentum due to growing awareness about the negative impact of antibiotics on human health. This has driven the market for immunomodulators, vitamin injections, and other immunity building products.

In terms of disease type, the market has been segmented into upper respiratory tract infections, diphtheria, and pneumonia (lower respiratory tract infection). Upper respiratory tract infections dominated the global bovine respiratory disease market, accounting for significant share in terms of revenue in 2015. Respiratory infections first affect the upper respiratory tract, which is also the most vulnerable region, followed by other parts of the respiratory tract. Diphtheria accounted for significant share of the bovine respiratory disease treatment market in 2015. Pneumonia (lower respiratory tract infection) accounted for high market share, followed after upper respiratory tract infection in 2015. Hence, early detection of infection is important in bovine respiratory diseases treatment.

In terms of distribution channel, the global bovine respiratory disease treatment market has been segmented into veterinary hospitals, veterinary clinics, private veterinary pharmacies, and veterinary research institutes. Veterinary hospitals dominated the global bovine respiratory disease market in 2015. The segment dominated the market due to factors such as rising population of cattle which increases prevalence of bovine respiratory diseases. The private veterinary pharmacies distribution channel segment is projected to register significant CAGR during the forecast period. The segment is likely to witness strong growth in most of the emerging parts of the world and preference for medicines from private veterinary pharmacies for bovine serum respiratory diseases. However, the veterinary clinics and veterinary research institutes segments are expected to grow steadily as majority of procedures are carried out in veterinary hospitals.

Global Bovine Respiratory Disease Treatment Market: Geographical and Competitive Dynamics

Geographically, the bovine respiratory disease treatment market has been categorized in five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America held the major share of the global bovine respiratory disease treatment market in 2015, where the U.S. dominates the market in terms of revenue. Europe accounted for a significant share of the market in 2015. Changing environmental factors, growing prevalence of causative agents for respiratory disease, increasing demand for quality bovine products, and rising bovine population are the key factors driving the bovine respiratory disease treatment market in Europe. Asia Pacific is the largest producer of bovine livestock. Hence, it presents significant opportunities in the bovine respiratory disease treatment market. India and China are the key markets for bovine respiratory disease treatment, as these have largest livestock population compared to other countries across the globe. Latin America and Middle East & Africa have comparatively smaller markets for bovine respiratory disease treatment. However, Brazil, Mexico, and Argentina are the emerging markets in Latin America due to significant number of livestock population.

Key players operating in the global bovine respiratory disease treatment market are Merck & Co., Inc., Zoetis Services LLC, Bayer AG, Elanco, Merial, Boehringer Ingelheim GmbH, Virbac Group, Ceva, Vetoquinol, and Bimeda Animal Health, among others.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Bioreactors and Fermenters Market: Asia Pacific to Present Promising Growth Avenues

The global market for bioreactors and fermenters features a largely consolidated vendor landscape and a low to moderate level of competition, with the top five companies accounting for a more than 63% of the overall market in 2015, observes Transparency Market Research (TMR) in a recent report. These leading vendors, including Thermo Fisher Scientific Inc., Merck KGaA, and Danaher Corporation, dominate the market owing to their diversified product portfolios, expansive presence across the globe, and an eye for high-growth potential emerging markets, such as Asia Pacific, for expansion strategies.

An instance of this would be Merck KGaA’s decision to enter the Asian market by establishing a new pharmaceutical production plant in China. Furthermore, another leading vendor in the global bioreactors and fermenter market, Applikon Biotechnology, started a new production facility in Guangzhou, China, in March 2014. The new facility is expected to be able to provide a broad range of bioreactor systems, help in reducing the lead time, and significantly improve the local technical support for its customers in the China market.

Transparency Market Research states that the global bioreactors and fermenters market, pegged at US$1,779.1 mn in 2016, will reach US$4,461.0 mn by 2024 at a CAGR of 12.2% from 2016 to 2024.

This 182 page report gives readers a comprehensive overview of the bioreactors and fermenters market. Browse through 24 data tables and 63 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/bioreactors-fermenters-market.html

Asia Pacific to Present Promising Growth Avenues

On the basis of product type, the market has been segmented into single-use and multi-use. Of these, the segment of multi-use bioreactors presently accounts for the dominant share in the global market. However, the segment of single-use bioreactors is expected to register growth at a more promising pace, nearly 13% CAGR, as compared to the multi-use segment over the forecast period. Single-use bioreactors are finding increased demand owing to benefits such as quick assembly lower capital expenditure, and smaller footprint, and are expected to gain traction owing to the significant rise in demand from developed countries and new start-up biotech companies.

From a geographical standpoint, North America is anticipated to be the leading regional market for bioreactors and fermenters in terms of revenue contribution to the global market, chiefly owing to the presence of leading bioprocessing manufacturers and the rising demand for biologics. However, the Asia Pacific market is anticipated to be the leading regional market in terms of growth rate over the forecast period. The Asia Pacific bioreactors and fermenters market is projected to record a commendable 14.3% CAGR from 2016 to 2024, owing to the emergence of strong local players in countries such as India and China.

Rising Demand for Personalized Medicines to Fuel Growth

The leading factors to have boosted the global demand for bioreactors and fermenters in the past few years include the increased adoption of hybrid technologies, which use single-use and stainless steel systems, and the increasing popularity of single-use disposable bioreactors among biopharmaceutical companies and contract manufacturers. The market is also driven due to the rising prevalence of a number of chronic diseases, which has consecutively increased the world’s appetite for biologics, drugs for orphan diseases, and personalized medicines. These factors are expected to remain at the helm of all major developments expected to be observed in the global market for bioreactors and fermenters in the next few years.

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Concerns Related to Possible Reactions could Hinder Rate of Adoption of Single-use Bioreactors

On the contrary, factors such as the high cost associated with the setting up of bioreactors and fermenters and the several concerns associated with the rising use of single-use bioreactors are expected to hamper the growth prospects of the market over the forecast period. Although single-use bioreactors play a huge role in mitigating issues such as cross-contamination that are generally associated with multi-use bioreactors, they present concerns such as the possible reaction of biologics with extractables and leachables that can release from the material used to manufacture bioreactors.

The analysis of the global bioreactors and fermenters market presented here is based on a recent market research report published by Transparency Market Research, titled “Bioreactors and Fermenters Market (Product – Single-use Bioreactors and Multiple-use Bioreactors; Process – Fed Batch and Continuous Batch; End User – Biopharmaceutical Companies, CROs, and Academic and Research Institutes) – Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016 – 2024.”

 

Global Ophthalmology Cataract Surgery Devices Market Trends & Industry Forecast by 2016 – 2024

Cataract surgery is a procedure that removes clouding of the natural lens from the eye, an intraocular lens is implanted at the same time during the procedure. A person can be diagnosed with cataract by birth, or due to chemical or physical injury. The ophthalmology cataract surgery devices are used for the treatment of cataract, without causing any damage to the cornea. Cataract surgery is a low-risk procedure with an excellent record of safety and success.

According to WHO, cataract is responsible for 51% of world blindness, which represents about 20 million people in 2010. There are three types of cataracts, such as nuclear cataracts, cortical cataracts and subcapsular cataracts. Cataract is one of the most common ocular disorders worldwide and is highly prevalent in the developed countries with rise in geriatric population. For example, as per the data enlisted National Institutes of Health (NIH), cataract is one of the leading causes for blindness worldwide and around 22 million Americans suffer from cataract and it has also stated that around 50% of the population will acquire cataract by the age of 80 years. These alarming statistics about cataract further provoke continuous technological advances to increase patient outcomes. Factors such as lack of health care insurance, lack of general awareness among people about eye disorders and poor primary health care infrastructure act as a barrier for ophthalmology cataract surgery devices market.

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The cataract surgery devices market has been segmented by product type, by end-users and by geography. In terms of product type cataract surgery devices market is classified into intraocular lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment and Femtosecond laser Equipment. Phacoemulsification is the most preferred cataract surgery device worldwide, whereas in developing countries such as China and India manual and sutureless Small-Incision Cataract Surgery (SICS) is preferred because of the lower costs of the procedure.

The adoption of foldable IOLs and advanced IOLs in emerging countries such as China and India is at a growing stage, due to factors such as reduced access to health care resources, and difference in income levels between urban and rural areas. The use of femtosecond lasers has ensured high efficiency along without any collateral tissue damages. The use of these lasers along with computer-controlled optical delivery systems has led to precise incisions without any damage to the surrounding tissues. By End-users, the market is further segmented as Hospitals, Clinics, and Ophthalmology centers.

Geographically, the global ophthalmology cataract surgery devices market is segmented as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the ophthalmology cataract surgery devices market due to large geriatric population. According to Prevent blindness American, 17% of the U.S. population aged 40 years and older are affected by cataract, indicating that 24.4 million Americans are diagnosed with cataract. According to Novartis healthcare in 2015 nearly 4 million cataract surgeries were performed in the United States each year. Market saturation and slowing economy pose as barrier to the U.S. ophthalmology cataract surgery devices market’s growth. However, Asia Pacific market is expected to grow at a lucrative growth rate owing to factors such as growing population, economic development in countries such as India and China support the market growth.

The major players operating in the global ophthalmology cataract surgery devices market include Carl Zeiss Meditech AG (Germany), Abbott Laboratories (U.S.), Alcon, Inc., Allergan, Inc. (U.S.), Bausch & Lomb, Inc. (U.S.), Essilor International S.A. (France), opcon Corporation (Japan), NIDEK Co., Ltd. (Japan), STAAR Surgical Company (U.S.) among other significant players worldwide.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Digital Dose Inhaler Market – Global Industry Volume and Region Analysis – 2024

Customer-centric health care systems and the development of new treatment regimens can potentially disrupt the entire health care system. Digital dose inhalers are commonly known as digihalers. Digital dose inhalers are the type of inhalers which enable patients to track the number of doses that have been consumed. This is expected to enable doctors to track prescribed therapy regime and patients adherence toward it.

Generally, the number of medicine puffs in a standard inhaler is 120. The digital dose inhaler comes with a small screen to display the remaining puffs/doses discounting from 120. This feature is likely to help patients to remind them that they have taken medication or not. This technological advancement in the conventional and commonly used inhalers such as MDIs and DPIs is expected to take the respiratory devices market to a higher level in health care digitalization.

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The most preferred inhalers are metered dose inhalers and dry powder inhalers. The metered dose inhalers segment accounts for a large market share. The digital dry powder inhalers segment is expected to grow in the near future. These next generation digital dose inhalers provide accurate dose counter information as well as low dose warning indicator for asthma and COPD patients which serve as the major factor for pulling patient pool toward it. This in turn is driving the market.

The global digital dose inhaler market is segmented on the basis of product type, application, and geography. On the basis of product type, the market is segmented as metered dose inhaler and dry powder inhaler. The metered dose inhaler segment is contributing a larger share in this market due to its convenience and non-breath-activated doses. Increase in geriatric population across the globe is expected to drive demand for digital dose inhaler devices as the risk of respiratory disease is higher among the geriatric population. Some digital dose inhalers can capture details such as the time and location during which the patient has used asthma medication, and this information is stored and wirelessly transmitted to a user’s smartphone or server. These systems use a combination of sensors, mobile apps, analytics, and individualized feedback.

By application, the digital dose inhaler market is segmented into asthma, COPD, cystic fibrosis, and others. The asthma and COPD segments capture a significant share of the digital dose inhaler market. The chronic respiratory disorders such as asthma and COPD are becoming more prominent, causing disability and death with the increasing aging population. According to the Forum of International Respiratory Societies (FIRS), COPD affects more than 200 million people and is projected to be the fourth leading cause of death in the world by 2030, while asthma affects about 235 million people worldwide. This increase in prevalence of respiratory diseases serves as a major driving factor for the market.

Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are likely to dominate the market of digital dose inhaler. Rise in geriatric population and high per capita income are projected to propel the market in North America. Increase in adoption of personalized health technologies is one of the key factors driving the market of digital dose inhaler during the forecast period. It is followed by Europe, accounting for a large share of the market. Asia Pacific is the most progressive region for the digital dose inhaler market. The increase in health care awareness and per capita income are estimated to drive the market in Asia Pacific.

Major players of the digital dose inhaler market are Glenmark Pharmaceuticals Ltd., Novartis A/S, Propeller Health, AstraZeneca Plc, Teva Pharmaceutical Industries Ltd., and Philips Respironics.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Global Outlook for Extracorporeal Shock Wave Lithotripsy Market By Key Trends and Analysis 2023

Extracorporeal shock wave lithotripsy (ESWL) is a most common non-invasive treatment for kidney stones and ureter stones. The lithotriptor applies external high-intensity acoustic pulse to crush the stone causing minimal damage to the normal tissue. The shock waves break the stones into small fragments. ESWL is widely used by physician worldwide due to characteristics such as non-invasiveness, reduced pain and recovery time and reduced hospital stay. The developing health care infrastructure by and availability of technically developed equipment to carry out the procedure are the vital drivers for the extracorporeal shock wave lithotripsy market. In addition, the rising prevalence and incidences of kidney stones and ureter stones are expected to fuel the extracorporeal shock wave lithotripsy market. Furthermore, the rising prevalence of obesity and patient awareness about the latest technological advancements will contribute to the growth of the market. However, failure of crushing large stones through ESWL is the challenging factor for the extracorporeal shock wave lithotripsy market.

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The extracorporeal shock wave lithotripsy market can be segmented into technological, applications and end-user. Technologically, the market can be further segmented into electrohydraulic technique, piezoelectric technique, and electromagnetic technique. Electrohydraulic technique is the oldest and the original method of shockwave generation. Thus, it hold the largest share and is the most accepted technique in the extracorporeal shock wave lithotripsy by physicians and doctors. However, piezoelectric technique has the highest growth rate during the forecast period. On the basis of applications, the extracorporeal shock wave lithotripsy is used for kidney stones, uretic stones, pancreatic stones and salivary stones. Extracorporeal shock wave lithotripsy for kidney has the largest market share and continue to show uniform growth during the forecast period. Depending on the end-user, extracorporeal shock wave lithotripsy is segmented into hospitals, clinics, radiology labs and others. Hospitals held the largest share in the extracorporeal shock wave lithotripsy market by end-user. However, the growth of clinic providing extracorporeal shock wave lithotripsy is boosting due to technological growth and reduced recovery time and early discharge after the treatment.

Geographically, North America held the largest share in the extracorporeal shock wave lithotripsy throughout the forecast period. Presence of large number of obese patients susceptible to the development of kidney stones is expected to surge the market. Investment in medical device technology research and development have coursed in the recent past as well as collaborations have led to recent advances in the technique. Europe is the second largest extracorporeal shock wave lithotripsy market due to increased government investment fueling the market growth. However, the fastest growing region is expected to be Asia Pacific due to emerging health care infrastructure, and development of technological facilities. Rising population, changing lifestyle and high acceptance to novel technology are the major market drivers in this region. Japan, China and India are the fastest growing economies in Asia Pacific. South American countries such as Brazil and Mexico are the regions that have significant potential for growth due to developing medical infrastructure, and high disposable income.

Globally, the extracorporeal shock wave lithotripsy market is dominated by players such as Boston Scientific Corporation, C.R. Bard Inc., Lumenis LTD, Cook Group Inc., Siemens AG, Medtrue Enterprise Co. Ltd., Karl Storz Gmbh and Co. KG, Olympus Corporation, Sainty Pharma, and Dornier MedTech GmbH.

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