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Future Market Insights (FMI) delivers key insights on the global respiratory inhaler devices market in its upcoming outlook titled, “Respiratory Inhaler Devices Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025”. In terms of value, the global respiratory inhaler devices market is projected to register a healthy CAGR of 4.3% during the forecast period due to various factors. This FMI report offers vital and detailed insights regarding these factors.
The respiratory inhaler devices market is segmented on the basis of product type, disease indications, technology and region. Based on the product segmentation, the overall market has been categorised into metered dose inhaler (MDI), dry powder inhaler (DPI) and nebuliser.
Nebulisers are further sub-segmented into ultrasonic nebuliser, mesh nebuliser and compressed air nebuliser. The metered dose inhaler segment is estimated to account for maximum share in the global respiratory inhaler devices market by 2015 end, and expected to register a CAGR of 4.5% in terms of value during the forecast period 2015-2025. Currently, metered dose inhaler is a major contributor to market growth in Europe, North America and parts of Asia Pacific. Demand for nebulisers is expected to expand at a CAGR of 3.8% through 2025.
Increase in prevalence of asthma, COPD and other respiratory disorders, especially among paediatric and the geriatric population, is a major factor driving growth of the global respiratory inhaler devices market. Other driving factors include strategic alliances among key players in the market, manufacturers focusing on enhancing market share, and expansion of the healthcare sector in developing countries due to growing investments by major players. Further, surge in demand for respiratory inhaler devices in all acute and moderate asthma and COPD conditions owing to increasing health awareness and growing disposable income is projected to result in increased spending on respiratory inhaler devices. This in turn is expected to bolster respiratory inhaler devices market growth during the forecast period.
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Lack of effective drugs for certain respiratory disorders, concerns about side-effects and complications, lack of skilled pulmonologists and healthcare professionals, lack of awareness among patients, and high prices of inhaler devices are the key factors hampering growth of this market.
Currently, combined therapies offer more associated benefits, such as reliablility, increased efficacy, and favourable reimbursement policies. Owing to these factors, patients with complex respiratory disorders are more inclined towards adopting such therapies.
However, the cost associated with combination therapies is higher as compared to conventional therapies for patients with complex respiratory disorders. The global respiratory inhaler devices market is expected to be driven by the increased usage of newly introduced triple combination therapy for COPD patients in the coming years.
This report assesses trends driving each segment and offers analysis and insights about the potential of respiratory inhaler devices market in specific regions. North America is estimated to dominate the respiratory inhaler devices market with maximum market share by end of 2015. North America and Western Europe are collectively expected to account for over 64.1% of the total respiratory inhaler devices market share in terms of value by end of 2015. Asia Pacific excluding Japan is estimated to witness highest CAGR of 5.0% over the forecast period, followed by North America, due to increasing prevalence of asthma and COPD among children and the geriatric population.
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Some key companies covered in this report include AstraZeneca, Boehringer Ingelheim GmbH, GlaxoSmithKline plc, Cipla Ltd., Koninklijke Philips N.V., PARI Medical Holding ,Teva Pharmaceutical Industries Ltd., Beximco Pharmaceuticals Ltd., OMRON Healthcare Europe B.V. and Merck & Co., Inc.
(Added: Tue Jan 29 2019 Hits: 0 Rating: 0.00 Votes: 0) Rate ItA new study by the company titled 'Advanced Wound Management Market: Global Industry Analysis 2007-2017 and Opportunity Assessment 2018-2028' lists key strategies employed by companies involved in advanced wound management to stay sustainably profitable in the long run in the market. North America is the prime region for advanced wound management products as healthcare practitioners now prefer advanced wound management products over traditional products in the region. APEC advanced wound management market is expected to grow due to rising patient pool and rising geriatric population in major economies, such as Japan. Increasing demand, availability of cost-effective treatment options and rising spending on healthcare in developing regions are some of the important factors creating a robust platform for the growth of the advanced wound management market.
Advanced wound management market report reveals that as compared to traditional wound management products, advanced wound management products are specially designed for the treatment of complex wounds. They perform various functions, such as maintaining a stable temperature around the wound, allowing oxygen flow, protecting the wound from infection, removal of dead tissues and relieving pain during dressing changes. Advanced wound management involves silver based product which is a very effective modality for prevention or treatment of infection caused due to various bacteria, viruses, fungi and molds. It has very few side effects and is thus, finding space in advanced wound management products. That apart, biological wound products helps to treat multiple complex wounds in an effective manner.
Growing awareness regarding personal health and hygiene is also expected to boost the demand for advanced wound management products. Patients have become aware and pro-active about their health and are willing to seek physicians’ advice at an early stage. Also, growth in per capita disposable income is further encouraging people to spend more on their health-related needs.
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Health care providers and physicians in developing regions are reluctant to adopt advanced wound management products. It has also been observed that the adoption rate of advanced wound management products in Europe is low as compared to the U.S. High cost of advanced wound management therapy has been the essential factor for the reluctance of physicians to adopt these technologies.
There are various bioengineered skin products available in the advanced wound management market; however, the cost analysis of these products reveals that a normal dressing costs around US$ 3.25 whereas bioengineered skin products costs around US$ 650. Due to the significant difference in cost, patients and healthcare providers are reluctant to adopt advanced wound management products. This has resulted in stagnant sale of novel technologies, especially those that haven’t seen enough advertisements or public knowledge.
Advanced wound management products face still competition from traditional wound care products. Advanced wound management product include products ranging from advanced wound dressings and wound contact layers to superabsorbent dressings and negative pressure wound therapy devices.
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Hospitals, clinics, ambulatory surgical centers, skilled nursing facilities and other facilities are the primary point of contact for patients needing such advanced wound management products.
The advanced wound management market is a lucrative market. Regions, such as APEC and China, still enjoy relevance and dominance of local players. These local players, as a matter of fact, are also affecting the growth of the advanced wound management market in the region. However, the global advanced wound management market is consolidated in nature, with key players enjoying significant position in the advanced wound management market. Some of the key companies present in the advanced wound management market and included in this study are B. Braun Melsungen AG, Mölnlycke Health Care, ConvaTec Group plc., Coloplast A/S, SIGVARIS, Acelity L.P. Inc., 3M, BSN Medical, Ethicon Inc., Medline Industries, Inc. and Smith & Nephew PLC.
(Added: Tue Jan 29 2019 Hits: 1 Rating: 0.00 Votes: 0) Rate ItFuture Market Insights foresees significant growth opportunities in hydrocephalus shunt market, considering the new-age development of smart shunt technology, while delivering advance diagnosis of cerebrospinal fluid (CSF), control, and communication, on the basis of sensors, telemetry, and feedback controls. Increasing focus on developing such smart shunt technology, is anticipated to prove favorable for the hydrocephalus shunt market—showcasing an otherwise sluggish landscape through the forecast period of 2018-2028, as per FMI’s analysis.
The research intelligence report offers a deep-dive view of the global hydrocephalus shunt market—predicted to expand at a rather sluggish rate of 2.3 percent, reaching a valuation of US$ 498.6 Mn in 2020.
“Stringent regulatory policies is a key factor severely impacting the growth of hydrocephalus shunt market. In addition, mechanical risks including leaks, migration, obstruction, and discontinuity and biological complications including infection, abscess, pseudocyst, heamotoma, and peritonitis associated with shunt implants, is also a key factor contributing to the market’s slow-moving growth. Other contributing factors could include high surgery costs and shortage of trained neurologist—specifically reported in countries like Australia, Canada, Ireland, U.K, and New”, explains a senior analyst from the Healthcare domain. The analyst further explains that shunt blockage and malfunction are two common complication associated with stunt implants—blockages occurring in nearly 31 percent patients. Moreover, such risks and complications often result in a number of hydrocephalus shunt revision surgeries, further creating a notable demand for hydrocephalus shunt.
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FMI offers key insights on the global hydrocephalus shunt market
Hydrocephalus valves segment is expected to hold a massive value share of nearly 85 percent.
Within the Hydrocephalus valves type, adjustable pressure valves is likely to witness maximum adoption in hydrocephalus shunt surgeries.
Highest growth potential exists in North America, with an attractiveness index of 2.6 during the forecast period. Such adoption trend is expected to be followed in Western Europe—the second most lucrative market, showcasing interesting profit possibilities.
By age group, pediatrics and infants segment will report maximum adoption of hydrocephalus shunt.
Ventriculoperitoneal will remain the most preferred procedure, pushing maximum revenue in the global hydrocephalus shunt.
Key Market Influencers: Technological Advancements and Awareness Campaigns for Hydrocephalus
Considering the complexity of hydrocephalus shunting along with adjustments of cerebrospinal fluid draining, manufacturers of hydrocephalus shunts are increasingly introducing programmable and anti-siphon shunt valves—aimed at regulating drainage pressure and flow. The new technologies are indicated to eliminate the need for surgery revisions as a result of complications. The cerebrospinal fluid management technologies are likely to witness increased adoption in the coming years considering its utility in reducing siphon effect over cerebrospinal fluid drainage. Programmable pressure valves are gaining prominence versus fix pressure valves owing to its external features using specialized magnetic devices that helps in modifying opening pressure of valves.
Additionally, demand for hydrocephalus shunts is slated to increase given the increasing number of government and private initiatives to spread awareness vis-à-vis hydrocephalus. Hydrocephalus Association, for instance, and its focus to conduct more hydrocephalus awareness campaigns and programs, with increased investments in research initiatives targeted at improving cure and treatment avenues for Hydrocephalus. Through its campaign ‘Roadmap to a Cure’, the organization, by 2020 is expected to invest US$20 and drive more research and support associated with hydrocephalus.
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In the highly consolidated hydrocephalus shunt market, product and pricing power lies in the hand of top three players—reigning over nearly 84 percent of the total revenue share in the global hydrocephalus shunt market. Contributing nearly US$ 389 Million, the top three players include Medtronic Plc., Integra LifeSciences Corporation, and B. Braun Melsungen AG. Key forward market strategies include- viz. Efforts to gain regulatory approvals, geographic expansions in emerging economies, production capacity expansion, increased investments in R&D, and acquisitions to solidify global position in neurosurgery and regenerative technologies.
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