Global Medical Devices Market 2020-2024 | Evolving Opportunities with Becton, Dickinson and Co. and F. Hoffmann-La Roche Ltd

The medical devices market is poised to grow by USD 134.2 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.

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The market is driven by the growing penetration of medical devices in emerging countries. In addition, increasing initiatives by public and private organizations are anticipated to boost the growth of the medical devices market.

The medical devices market is witnessing growth in the emerging economies to the extent that by 2022, more than 30% of the global healthcare expenditure is expected to arise from these economies. Medical device companies in emerging markets leverage low manufacturing and labor costs and generate significant profit margins for investors. In addition, unlike developed economies that are governed by strong government and payor actions in terms of competitive pricing and regulation, emerging markets are benign for healthcare companies. Furthermore, several emerging economies have an increasing geriatric population and are struggling with an increase in the prevalence of chronic diseases, which will lead to an increase in the demand for medical devices. Thus, the growing penetration of medical devices in emerging countries is expected to drive market growth during the forecast period.

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Major Five Medical Devices Market Companies:

Becton, Dickinson and Co.

Becton, Dickinson and Co. operates the business under various segments such as BD Medical, BD Life Sciences, and BD Interventional. The company offers medical devices for surgical, infusion, diabetes care, and interventional procedures.

F. Hoffmann-La Roche Ltd.

F. Hoffmann-La Roche Ltd. offers products through the following business units: Pharmaceuticals and Diagnostics. The company provides medical devices for diabetes care and sample collection.

Fresenius SE & Co. KGaA

Fresenius SE & Co. KGaA operates under various business segments, namely Fresenius Medical Care, Fresenius Kabi, Fresenius Helios, and Fresenius Vamed. The company offers medical devices for dialysis, apheresis, transfusion technology, and infusion therapy.

General Electric Co.

General Electric Co. offers products through the following business segments: Aviation, Power, Oil and gas, Healthcare, Renewable energy, Transportation, Lighting, and Capital. The company offers Accessories & supplies, GE Health Cloud, Bone health and metabolic health, and other solutions.

Johnson and Johnson Services Inc.

Johnson and Johnson Services Inc. offers products through the following business segments: Pharmaceutical, Medical Devices, and Consumer. The company offers medical devices for surgery, orthopedics, infection prevention, and other procedures.

Oil Country Tubular Goods Market by Product and Geography - Forecast and Analysis 2020-2024

The medical image analysis software market and it is poised to grow by USD 1.38 bn during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd. and Siemens AG are some of the major market participants. Although the advances in the medical imaging field will offer immense growth opportunities, growing concerns regarding data privacy and security will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Advances in the medical imaging field has been instrumental in driving the growth of the market. However, growing concerns regarding data privacy and security might hamper market growth.

Medical Image Analysis Software Market 2020-2024: Segmentation

Medical Image Analysis Software Market is segmented as below:

Type

·         Standalone

·         Integrated

Geographic Segmentation

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Medical Image Analysis Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our medical image analysis software market report covers the following areas:

·         Medical Image Analysis Software Market Size

·         Medical Image Analysis Software Market Trends

·         Medical Image Analysis Software Market Industry Analysis

This study identifies growing applications of computer-aided diagnosis as one of the prime reasons driving the medical image analysis software market growth during the next few years.

Medical Image Analysis Software Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the medical image analysis software market, including some of the vendors such as International Business Machines Corp., Koninklijke Philips NV, Mirada Medical Ltd. and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the medical image analysis software market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Global Automotive Diagnostic Scan Tools Market 2023 | 5% CAGR Projection Through 2023

The plant-based meat market and it is poised to grow by USD 3.17 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Moving Mountains Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc. and Unilever Group. are some of the major market participants. Although the new product launches will offer immense growth opportunities, increasing consumption of animal meat will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

New product launches have been instrumental in driving the growth of the market. However, increasing consumption of animal meat might hamper market growth.

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Plant-based Meat Market 2020-2024: Segmentation

Plant-based Meat Market is segmented as below:

Type

·         Plant-based Beef

·         Plant-based Chicken

·         Plant-based Pork

·         Others

Geographic segmentation

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Plant-based Meat Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our plant-based meat market report covers the following areas:

·         Plant-based Meat Market Size

·         Plant-based Meat Market Trends

·         Plant-based Meat Market Industry Analysis

This study identifies growth of private label brands as one of the prime reasons driving the plant-based meat market growth during the next few years.

Plant-based Meat Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the plant-based meat market, including some of the vendors such as Moving Mountains Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc. and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the plant-based meat market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Global Flip Chip Packages Market 2020| Integration of Semiconductor Components in Automobiles to Boost Growth

The global flip chip packages market to grow at a CAGR of over 6% during the period 2020-2024.The integration of semiconductor components in automobiles is one of the major trends witnessed in the global flip chip packages market 2018-2022. Semiconductor ICs are utilized for several automobile applications, including airbag control systems, GPS, ABS, displays, infotainment systems, power doors and windows, automated driving, and collision detection technology. The growth in production of automobiles will increase the need for small semiconductor devices, in turn, driving the demand for advanced packaging solutions from the automotive sector.

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According to Technavio’s analysts, one of the key factors contributing to the growth of the global flip chip packages market is the increasing number of fabs:

Global flip chip packages market: Increasing number of fabs

Semiconductor fabs manufacture a wide range of semiconductor devices and components that are either designed by in-house firms known as IDMs or manufactured based on the designs provided by clients. The rising application of semiconductor components in several emerging technologies such as IoT and AI has increased the need for silicon wafers, thereby increasing the demand for more fabs.

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Global flip chip packages market: Segmentation analysis

The global flip chip packages market research report provides market segmentation by end-user (communication sector, computing and networking sector, industrial sector, and automotive sector) and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the four major end-users, the communication sector held the largest market share in 2017, contributing to over 40% of the market. This mainly attributed to the high demand for the integration of quick, light, and inexpensive components such as smartphones.

APAC held the largest share of the market in 2017, accounting for close to 72% share. It was followed by the Americas and EMEA respectively. APAC is expected to dominate the market throughout the period 2018-2022.

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Global Neuropathy Pain Treatment Market Projected to be Worth USD 6,985 Million by 2021

The global neuropathy pain treatment market is projected to grow to USD 6,948.98 million by 2021, at a CAGR of close to 6% over the forecast period, according to Technavio’s latest report.

Technavio’s research study segments the global neuropathy pain treatment market into the following regions:

·         Americas

·         EMEA

·         APAC

Neuropathy pain treatment market in the Americas

Currently, there is a growing focus on developing drugs for diseases such as postherpetic neuralgia, which will propel the market growth over the forecast period. Vendors are also seeking to increase market penetration by adopting inorganic growth strategies to expand their expertise.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Neuropathy pain treatment market in EMEA

The market for neuropathy treatment in EMEA is expected to be worth USD 2,167.39 million by 2021. The growing awareness and well-established healthcare infrastructure in Europe have led to the higher demand for neuropathic pain drugs, mainly for diabetic neuropathy. Countries such as the UK, Italy, Spain, Germany, and France are witnessing an increased uptake of drugs for the treatment of diabetic neuropathy, which is expected to fuel the market growth in EMEA. The increased adoption of low-cost generics in the Middle East and Africa will affect the market dynamics in EMEA.

Neuropathy pain treatment market in APAC

Patent expiries of key branded therapies such as Eli Lilly’s Cymbalta are creating new opportunities in untapped markets for generics. In addition, the market looks promising in this region due to an increasing number of the geriatric demographic and the large population pool, especially in India and China, are likely to drive the market growth.

The top vendors in the global neuropathy pain treatment market highlighted in the report are:

·         Depomed

·         Eli Lilly

·         Endo International

·         Pfizer

Pre & Post COVID-19 Market Estimates-Black Seed Oil Market 2020 | Diversification of Applications to Boost Growth

The black seed oil market and it is poised to grow by USD 23.74 million during 2019-2023, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazing Herbs Nutraceuticals Inc., Hab Shifa, Henry Lamotte Oils GmbH, Life Extension, and Organika Health Products Inc. are some of the major market participants. The diversification of applications will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Diversification of applications has been instrumental in driving the growth of the market.

Black Seed Oil Market 2019-2023: Segmentation

Black seed oil market is segmented as below:

·         Product

o    Liquid

o    Capsules, Softgels and Powder

·         Geographic Landscape

o    APAC

o    Europe

o    MEA

o    North America

o    South America

Black Seed Oil Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our black seed oil market report covers the following areas:

·         Black Seed Oil Market Size

·         Black Seed Oil Market Trends

·         Black Seed Oil Market Industry Analysis

This study identifies technological advances in the production of black seed oil as one of the prime reasons driving the black seed oil market growth during the next few years.

Black Seed Oil Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the black seed oil market, including some of the vendors such as Amazing Herbs Nutraceuticals Inc., Hab Shifa, Henry Lamotte Oils GmbH, Life Extension, and Organika Health Products Inc. Backed with competitive intelligence and benchmarking, our research reports on the black seed oil market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Global Fertility Testing Devices Market | High Adoption of Basal Body Temperature Monitors to Boost Growth

The global fertility testing devices market to grow at a CAGR of nearly 6% during the forecast period, according to their latest market research report. Increased efficiency of fertility testing devices because of technological advances is one of the major trends being witnessed in the global fertility testing devices market 2019-2023. Several conglomerate manufacturers are able to develop advanced fertility testing devices with high accuracy, precision, and fast turnaround times owing to technological advances such as sonohysterogram, hysteroscopy, and hysterosalpingogram. At present, the development and use of smartphone-based and wearable devices for measuring fertility rates is trending in the market. Such fertility testing devices have an optical attachment, which connects smartphone and disposable device onto which samples like seminal fluid are loaded to provide personalized cycle prediction by measuring and tracking fertility hormonal levels.

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According to Technavio analysts, one of the key factors contributing to the growth of the global fertility testing devices market is the high adoption of basal body temperature monitors:

Global fertility testing devices market: High adoption of basal body temperature monitors

One of the simplest and non-invasive methods for ovulation detection is monitoring of basal body temperature. Body temperature changes throughout the menstrual cycle, which coincides with hormonal changes and indicates fertile and non-fertile stages of the cycle. An increase in basal body temperature levels occurs due to the thermogenic effect of the progesterone hormone. During the menstrual cycle, women must measure their oral, vaginal, or rectal temperature every day in the morning before initiating any daily routine activities to detect fertility rates.

According to a senior analyst at Technavio for research on life sciences tools & services, “Basal temperature monitors are increasingly being used in home care settings to track fertile and non-fertile days owing to their effectiveness, low cost, and non-invasive nature. In order to achieve the best results, it is crucial for the user to monitor the temperature accurately at the right time. During the forecast period, the high adoption of basal body temperature monitors is expected to drive the growth of the global fertility testing devices market.”

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Global fertility testing devices market: Segmentation analysis

The global fertility testing devices market research report provides market segmentation by product (ovulation predictor kits, fertility monitors, and male fertility testing devices) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The ovulation predictor kits segment held the largest market share in 2018, accounting for over 41% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018, and the region is expected to dominate the market through 2023. However, there will be a small decrease in its market share by over 1%.