Wednesday, 30 June 2021

Pulse Oximeter Market to Grow at a CAGR of 7.68% During the Forecast Period | TechSci Research

Sudden outbreak and spread of pandemic COVID-19 is expected to drive the growth of global pulse oximeter market during the forecast period.

Pulse Oximeter Market - TechSci Research
According to TechSci Research report, Global Pulse Oximeter Market By Product Type (Fingertip, Handheld and Others), By Sensor Type (Reusable v/s Disposable), By Patient Type (Adult, Pediatric, Neonatal), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026, the global pulse oximeter market stood at USD2576.07 million in 2020 and is further expected to grow at a CAGR of 7.68% during the forecast period. This can be ascribed to rising geriatric population which is susceptible to various chronic diseases. Additionally, increasing air pollution, smoking, among others have led to an increase in the prevalence of respiratory diseases. Pulse oximeters are actively used during surgery process when patient is under anesthesia and post-surgery processes to monitor the patient conditions. These are some of the major factors that are supporting the global pulse oximeter market growth. However, high cost of handheld oximeters leads to affordability constraints thereby hampering the market growth. Also, the global pulse oximeter market is highly fragmented with a lot of Chinese players in the industry, this in turn creates a lot of competition for the big players, thereby restricting the market growth over the next few years.

Browse over 137 market data Figures spread through 110 Pages and an in-depth TOC on "Global Pulse Oximeter Market”.

https://www.techsciresearch.com/report/pulse-oximeter-market/7345.html

Global pulse oximeter market is segmented by product type, sensor type, patient type, end user, by company and regional distribution. Based on sensor type, the market is further bifurcated into reusable and disposable sensors. Reusable sensors held the largest share of 80.18% in 2020 and are often digitally enabled thereby creating a record storage for the patients such that regular consultations with their doctors can be conducted fluidly. Disposable sensors in pulse oximeters are replaceable and function on detecting the infrared and red-light absorption characteristics of hemoglobin. Based on end user the market is categorized into hospitals & clinics, homecare, and others. Home care segment is fastest growing segment with CAGR of 8.51% owing to the fact that reimbursement of various post-surgery procedures is not feasible. Thus, requiring patients to be home-cared. For the purpose of monitoring the post-surgery patient and out-patient, the oximeters allow proper care and easy consultations with the concerned doctors, there by supporting the growth of the market.

Some of the major players in the market are Medtronic Plc. (Covidien), GE Healthcare, Koninklijke Philips N.V., Masimo corporation, Becton, Dickinson, and Company (CareFusion Corp.), CAS Medical Systems, Inc., Nihon Kohden Corporation, Opto Circuits India Ltd., Nonin Medical, Inc., Welch Allyn, Inc. (Hill-Rom Holdings, Inc.), OSI Systems, Inc. (Spacelabs Healthcare), Omron Healthcare, Inc., Drägerwerk AG & Co. KGaA, Meditech Equipment Co., among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships. For instance, in 2021, Masimo acquired LiDCO, a supplier of noninvasive and minimally invasive hemodynamic equipment, thereby expanding its suite of advanced measurement and patient monitoring equipment.

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“North America dominated the market in 2020 owing to the sudden outbreak and spread of COVID-19 pandemic, which severely hit the region especially the United States thereby increasing the demand for pulse oximeters. Additionally, increasing geriatric population coupled with growing prevalence of respiratory diseases is further expected to support the market growth through 2026. Also, presence of well-developed healthcare infrastructure in countries like United States and Canada is further expected to support the market growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

Global Pulse Oximeter Market By Product Type (Fingertip, Handheld and Others), By Sensor Type (Reusable v/s Disposable), By Patient Type (Adult, Pediatric, Neonatal), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global pulse oximeter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global pulse oximeter market.

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Proteomics Market to Register Robust CAGR of 17.12% through 2026 | TechSci Research

Increase in research activities across the globe along with rising government funding to drive the growth of global proteomics market.

Proteomics Market - TechSci Research

According to TechSci Research report, Global Proteomics Market By Application (Clinical Diagnostic, Drug Discovery, Diagnostic Biomarker Discovery, Others), By Indication (Oncology, Infectious Disease, Respiratory, Cardiology, Others), By Technology (Conventional, Advanced, Quantitative, High-throughput, Bioinformatic Analysis), By Type (Expression, Functional, Structural, Computational), By Product (Reagents and Assays, Instruments, Software & Services), By End-User (Pharmaceutical and Biotechnology Companies, Research Institutes, CROs), By Region, Competition, Forecast & Opportunities, 2026F, global proteomics market is expected to grow at an impressive CAGR of 17.12% during the forecast period and was valued at USD24.26 billion in 2020. Growing application of proteomics in discovery of new drugs is one of the major factor accounting for the growth of global proteomics market.

Moreover, use of proteomics during the development of personalized medicines is further expected to bode well for the growth of global proteomics through the forecast years. In addition to this, rising awareness pertaining to the benefits of personalized medicines, is leading to increased expense in research activities for the development of proteomics by the leading companies as well as government organizations which in turn is expected to positively influence the growth of global proteomics market over the years to come. Also, identification of potential new drugs for the treatment of several diseases such as genetic disorders, birth disorders, among others is making headway for the growth of global proteomics market across the globe. However, there are some factors that can act as major impediments to the growth of global proteomics market through 2026 such as lack of skilled professionals and high cost of instruments.

Browse 207 Figures spread through 110 Pages and an in-depth TOC on "Global Proteomics Market"

https://www.techsciresearch.com/report/proteomics-market/4559.html

Global proteomics market can be segmented based on application, indication, technology, type, product, end-user, company and region. Considering the end-user, the market is fragmented into pharmaceutical and biotechnology companies, research institutes and, CROs. The pharmaceutical and biotechnology companies segment dominated the global proteomics market in terms of largest market size until 2020. Additionally, requirement for protein therapeutics, including hormones, vaccines, monoclonal antibodies, among others is further aiding the growth of the segment through 2026. In terms of product, the market is fragmented into reagents and assays, instruments, software & services. Out of which, the reagents and assays segment is dominating the market and will maintain its lead during the forecast period, which can be accredited to their routine adoption in proteomics protocols.

Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Waters Corporation, Bio-Rad Laboratories, Inc., Danaher Corporation (SCIEX), GE Healthcare, Inc., PerkinElmer, Inc., Becton, Dickinson and Company, Illumina, Inc., Biocon Limited, Qiagen N.V., Bruker Corporation, Luminex Corporation, Evotec SE, Horiba, Ltd., Creative Proteomics, Promega Corporation, CellCarta Precision Medicine, Inc., Bioproximity LLC, Applied Biomics, Inc., are among others are the leading players operating in global proteomics market. The players are adopting several growth strategies to stay competitive in the global proteomics market. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global proteomics market during the next 5 years on account of presence of major market players in the region. Moreover, growing expenditure on the development of structure-based drug designs coupled with increasing research in the fields of proteomics is also expected to contribute to the growing trend. Furthermore, Asia-Pacific is forecast to register high growth through 2026 due to growing biotechnology research, and rising awareness on personalized therapeutics in the region. Furthermore, need for high-quality research tools for data reproducibility is further expected to boost the market growth in Asia-Pacific region until 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Proteomics Market By Application (Clinical Diagnostic, Drug Discovery, Diagnostic Biomarker Discovery, Others), By Indication (Oncology, Infectious Disease, Respiratory, Cardiology, Others), By Technology (Conventional, Advanced, Quantitative, High-throughput, Bioinformatic Analysis), By Type (Expression, Functional, Structural, Computational), By Product (Reagents and Assays, Instruments, Software & Services), By End-User (Pharmaceutical and Biotechnology Companies, Research Institutes, CROs), By Region,  Competition, Forecast & Opportunities, 2026F has evaluated the future growth potential of global proteomics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global proteomics market.

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Tuesday, 29 June 2021

Oxygen Therapy Equipment Market to Grow at a CAGR of 6.63% During the Forecast Period | TechSci Research

Growing prevalence of respiratory diseases is expected to drive the growth of the global oxygen therapy equipment market during the forecast period.

Oxygen Therapy Equipment Market - TechSci Research
According to TechSci Research report, Global Oxygen Therapy Equipment Market By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices), By Oxygen Source Equipment (Oxygen Cylinders, Oxygen Concentrators, Liquid Oxygen Devices, Others), By Oxygen Delivery Devices (Oxygen Masks, Nasal Cannula, Non-Rebreather Masks, Others), By Mobility (Stationary v/s Portable) By Application (COPD, Lung Cancer, Pneumonia, COVID-19, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others), By Company, By Region, Competition Forecast & Opportunities, 2026, The global oxygen therapy equipment market was valued at USD8.87 billion in 2020 and is further expected to grow at a CAGR of 6.63% during the forecast period.

Oxygen therapy equipment are actively used during surgery processes when the patient is under anesthesia and post-surgery processes to provide adequate amount of oxygen supply to the patients. Also, oxygen therapy equipment are used in several respiratory conditions such as lung cancer, COPD, COVID-19, among others. The growing incidences of these diseases coupled with a significant increase in the number of surgical procedures is expected to fuel the market growth through 2026. However, high cost of oxygen therapy equipment, majorly the cost of oxygen source equipment, is higher as compared to the delivery devices which can slow down the market growth over the next few years. Moreover, incidences such as product recalls by FDA can further restrict the market growth over the next five years.

Browse over 149 market data Figures spread through 110 Pages and an in-depth TOC on "Global Oxygen Therapy Equipment Market"

https://www.techsciresearch.com/report/oxygen-therapy-equipment-market/7565.html

Global oxygen therapy equipment market is segmented on the basis of product type, mobility, application, end user, region and company. Based on application, the market is further fragmented into COPD, lung cancer, pneumonia, COVID-19 and others. COPD dominated the overall oxygen therapy equipment market in 2020 with a share of 33.60% owing to rising number of cases of COPD across the globe due to tobacco smoking habit and increase in the geriatric population. Based on mobility, the market is bifurcated into stationary and portable.

The stationary equipment segment dominated the market in 2020 on account of the fact that the patients are mostly confined to their beds during treatment which supports the growth of stationary oxygen therapy equipment. However, the sudden outbreak and spread of COVID-19 has increased the popularity of homecare and portable oxygen therapy equipment such as oxygen cans and oxygen concentrators which can be used at home. This in turn is expected to drive the growth of portable oxygen therapy equipment during the forecast period.

Some of the major competitors in the market are Koninklijke Philips N.V., Invacare Corporation, Inogen Inc., NGK Spark Plug Co., Ltd., Fisher & Paykel Healthcare Limited, Allied Healthcare Products, Inc., Taiyo Nippon Sanso Corporation, Linde Healthcare, Smith’s Medical, Inc., Drägerwerk AG & Co. KGaA., among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.

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“North America dominated the global oxygen therapy equipment market in 2020 and is expected to continue its dominance over the forecast period also on account of growing prevalence of several respiratory problems such as COPD, Lung Cancer, Asthma, among others in the region. Additionally, the region has a well-established healthcare infrastructure, thereby fueling the market growth. Also, the presence of key market players like Invacare Corporation and Inogen, Inc. in the region is further supporting the market growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Oxygen Therapy Equipment Market By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices), By Oxygen Source Equipment (Oxygen Cylinders, Oxygen Concentrators, Liquid Oxygen Devices, Others), By Oxygen Delivery Devices (Oxygen Masks, Nasal Cannula, Non-Rebreather Masks, Others), By Mobility (Stationary v/s Portable) By Application (COPD, Lung Cancer, Pneumonia, COVID-19, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others), By Company, By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global oxygen therapy equipment market and provides statistics & information on market size, structure and future market growth.

The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global oxygen therapy equipment market.

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