Self-testing Market projected to progress at a noteworthy CAGR of 5.6% to reach US$ 11.55 Bn by 2030-end

As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Self-testing Market Size (2022) US$ 7.49 Bn
Revenue Forecast (2030) US$ 11.55 Bn
Global Market Growth Rate (2022-2030) 5.6% CAGR
Dominant Sample Type Urine (45.1%)

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

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Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

Self -Testing Market – Major Takeaways

  • The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
  • By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
  • Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
  • Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

  • Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
  • Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
  • Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

  • North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
  • The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
  • East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

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Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

  • Digital Monitoring Instruments
  • Midstreams
  • Cassettes
  • Cups
  • Strips
  • Test Panels
  • Dip Cards
  • Others

Application

  • Pregnancy & Fertility Testing
  • Blood Glucose Testing
  • STD/ STI Testing
  • Cancer Testing
  • Cholesterol Testing
  • Drug of Abuse Testing
  • Thyroid Testing
  • HIV Testing
  • Others

Sample

  • Blood
  • Urine
  • Stool
  • Saliva
  • Semen
  • Vaginal Swab

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Distribution Channel

  • Drug Stores
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Online Pharmacies

Regional Outlook:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (MEA)

Get Valuable Insights into the Self Testing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global self testing market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the self testing market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Radiopharmaceuticals Market Business Opportunities, Growth, Sales Revenue And Industry Expansion Strategies 2031

[190 Pages] As per Future Market Insights (FMI), driven by rising cases of cancer and cardiovascular diseases, radiopharmaceutical market registered steady year-on-year growth at 4.90% CAGR in 2021.

Increasing development of radioisotopes to curb the cases of cancer have propelled the market demand, topping a valuation of US$ 6,107.2 Mn in 2021. Rising cases of prostate and breast cancer, especially in developed countries including the U.S., the U.K., and Germany, have increased the application of radiopharmaceuticals.

Increasing preference of non-invasive medical therapies and production of radioisotopes for the treatment is another factor that will stabilize the growth of radiopharmaceuticals market. Based on this, FMI projects the market is poised to expand at over 4.66% CAGR during the forecast period of 2021 and 2031.

Government initiatives and research activities undertaken to develop advanced radioisotopes for the treatment of cancer and to develop novel therapeutics will boost the demand. Also, introduction of novel technologies such as Positron Emission Technology and others in nuclear imaging systems will bolster growth.

However, due to the global shutdown witnessed in the FQ-20 in response to the COVID-19 outbreak, growth declined considerably. Suspended production of radioisotopes and disruption in the research activities delayed the deployment of projects in the healthcare sector.

Although, with increasing development activities and increasing commercialization of radiopharmaceuticals by industry giants have picked up the pace for the growth of market. Alongside this, increasing cases of cancer will accelerate the development of nuclear medicines in the field of radiopharmaceuticals.

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Prominent Players:

Siemens AG

Positron Corporation

Novartis (Advanced Accelerator Applications)

Curium

GE Healthcare

Lantheus Holdings Inc.

Sotera Health LLC

Bayer AG

Eckert & Ziegler

Key Takeaways from FMI’s Radiopharmaceuticals Market Study

In terms of application, oncology will contribute over 50% of global market share owing to the rising prevalence of cancer across the globe.

Cyclotrons are expected to be the primary source of radiopharmaceuticals, accounting for maximum market share

Based on radioisotope type, technetium-99 will remain highly preferred radioisotope in the global radiopharmaceutical market

The U.S. will retain its global dominance backed by the high cancer and cardiovascular cases rising in the country

India will emerge as lucrative market owing to the favorable government initiatives promoting the radiopharmaceuticals market

Germany and the U.K. are spearheading the growth of Europe market, which is projected to grow at over 4.9% CAGR

“Increasing research and development initiatives aimed at the production of advanced radioisotopes and novel technologies will improve growth prospects for the leading players in the radiopharmaceuticals market,” says the FMI analyst.

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Competitive Landscape

Leading radiopharmaceuticals market players are focusing on expanding their customer base through strategic mergers and acquisition. Increasing research and development activities to develop advanced radioisotopes for the cancer treatment is another core strategy adopted by leading players.

Top 5 players including Siemens AG, GE Healthcare, Curium, Lantheus Holdings Inc., and Eckert & Ziegler are dominating the global radiopharmaceuticals market, contributing over 90% of revenue share.

In March 2021, Novartis announced the commercialization and obtained the rights to develop the therapeutic applications of Fibroblast Activation Protein (FAP) targeting agents including FAPI-46 and FAPI-74, through an assignment agreement with iTheranostics, Inc., an affiliate of SOFIE Biosciences, Inc.

Along with it the company announced the production and commercialization of new nuclear medicine, 18F sodium fluoride radiopharmaceutical in France.

In November 2020, Blue Earth Diagnostics, a leading molecular imaging diagnostic company, unveiled that their manufacturing company, Nucleis has manufactured and shipped their first doses of rhPSMA-7.3 (18F), an investigational Prostate-Specific Membrane Antigen (PSMA)-targeted radiohybrid PET imaging agent, for patients with prostate cancer.

Another industry giant, Jubilant Pharma Limited Company, in 2019, announced the integration of its radiopharmaceutical drug development and manufacturing business with its radio-pharmacy business into a global radiopharmaceutical brand, Jubilant Radiopharma.

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Radiopharmaceuticals Market by Category

By Radioisotope Type:

Technetium-99

Fluorine-18

Iodine-131

Leutetium-177

Yttrium-90

Gallium-68

Gallium-67

Rubidium-82

Iodine-123

Iodine-125

Indium-111

Others

By Application:

Oncology

Cardiology

Gastroenterology

Neuroendocrinology

Neurology

Nephrology

Others

By Source:

Cyclotrons

Nuclear Reactors

By End-User:

Hospitals

Diagnostic Imaging Centers

Ambulatory Surgical Centers

Cancer Research Institute

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific excluding Japan

Japan

Middle East & Africa (MEA)

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Organoids Market Key Players : OcellO B.V., Cellesce Ltd, DefiniGEN, Qgel, Hubrecht Organoid Technology (HUB)

Organoids are three-dimensional (3D) structures that resemble mammalian organs and are made from stem cells. As per a study by Future Market Insights (FMI), the global organoids market is estimated to reachUS$ 44.2 Mn in 2021.

As new platforms for quicker drug development and improved model structures for assessing drug efficacy and toxicity, organoids have the potential to be transformative. Traditional drug discovery approaches are less important and inadequate to keep up with the rapid pace of life science advancements. Organoids are projected to exhibit increasing sales within the drug discovery industry.

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The demand for cutting-edge preclinical testing methods has increased as a result of advances in drug therapies such as personalized treatments and expanding medical research to identify new advance medicines.Organoids also are used to shortlist possible drug molecules and remove the remainder by considering ‘in-vitro’ conditions that are somewhat close to natural environmental conditions.

According to the International Federation of Pharmaceutical Manufacturers and Societies, preclinical research accounts for about 22% of the overall cost of drug production. The use of organoids in drug development shortens the process and saves money, resulting in a greater demand for organoids.

In terms of product, intestinal organoids are expected to register high demand, accounting for over 36% of sales in the market. While application of organoids is expected to be considerably high in bio banking.

Key Takeaways from Organoids Market Study

  • The organoids market will exhibit solid growth, registering above 14% CAGR between 2021 and 2031
  • The expansion of pharmaceutical sector and investment in research initiatives will enable the U.S. account for over 95% sales in North America
  • The U.K. will emerge as the leading market, exhibiting above 20% y-o-y growth in 2021
  • Germany and France are expected to emerge as other lucrative markets within the U.K.
  • China will remain a leading market for organoids in East Asia, however, the Japan market will register a slightly higher rate of growth

“Capability of 3D-organoid cultures to mimic organ functionality as well as increasing adoption of the organoid technology for use in a range of applications, including genetic mutation and other is expected to drive the growth of Organoids market” says the FMI Analyst

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Funding for life science research and investments in Organoids products to expand various projects and personnel employedis the major factor expected to boost the organoids market growth.

For instance, the total amount of research grants awarded by the National Institutes of Health (NIH) in the U.S. exceeded US$ $251 million over five years (2015 to 2019).

Key players in the Organoids are Entering into Strategic Alliance

The top players are focusing on expanding their business footprint through acquisitions. Acquisitions provide the company with strong foot hold of new products, buyer suppliers relationship, and new geographic horizons to tap the market potential. The key manufacturers aretargeting towardsacquiring well-known products and technologies that are expected to have a successful revenue stream. This also helps the business to grow into new emerging markets while also developing existing ones.

For instance, in September 2020,a Memorandum of Understanding (MoU) was signed by BGI-Qingdao and Ubrecht Organoid Technology (HUB) to develop a joint Next Generation Diagnostics (NGD) centre in China to improve personalised care, better treatments and cures, and faster development of new safe medicines.HUB and BGI will combine their complementary skills and technologies to further improve and incorporate HUB Organoid Technology as predictive diagnostic tests, allowing for reliable patient-specific treatment response prediction, initially with a focus on cancer.

As a result of increased emphasis on oncological research and increased R&D spending, the global organoids market is expected to expand over the forecast period. Organoids market is highly competitive exhibiting the presence of several players. Because of the high capital investment required to build an Organoids manufacturing facility, pharmaceutical companies are increasingly looking to outsource the process.The key market players covered by FMI include STEMCELL Technologies Inc., Cellesce Ltd., DefiniGEN, Qgel, Hubrecht Organoid Technology, OcellO B.V.consolidating their positions through mergers, acquisitions and new product launches.

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Valuable Insights into Organoids Market

Future Market Insights, in its new offering, provides an unbiased analysis of the organoids market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on product type (intestinal organoids, hepatic organoids, pancreatic organoids, colorectal organoids, and neural organoids), application (bio-banking, biomedical research and drug discovery, regenerative medicines, cancer research, and therapeutic tools), and end user (biopharmaceutical companies, contract research organizations, and academics and research institutes) across seven major regions.

Organoids Market by Category By Product Type, Organoids market is segmented as:

  • Intestinal Organoids
  • Hepatic Organoids
  • Pancreatic Organoids
  • Colorectal Organoids
  • Neural Organoids
  • Others

By Application, Organoids market is segmented as:

  • Bio-banking
  • Biomedical Research and Drug Discovery
  • Regenerative Medicine
  • Cancer Research
  • Therapeutic Tools
  • Others

By End User, Organoids market is segmented as:

  • Biopharmaceutical Companies
  • Contract Research Organizations
  • Academics and Research Institutes

By Region, Organoids market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Mobile Clinics Market Application, Trends, Growth, Opportunities and Worldwide Forecast to 2030

Mobile health clinics market is expected to have significant growth during the forecast period. It helps in attaining Universal Health Coverage by treating isolated groups of society. A mobile clinic is flexible and viable option to overcome lack of healthcare infrastructure issue in rural areas.Mobile clinics market can reach out to the marginalised population of remote areas that are cut-off from mainstream health services. This concept of Mobile Clinic aims to bring services to the patient rather. 

As per World Health Organization norms, public spending on healthcare has to be 2.5-5.0 per cent of the GDP of the country. Whereas, the majority of developing and under-developed countries fail to achieve the target. Regions with poor health infrastructure rely on Mobile clinics market to provide healthcare services covering a maximum of its population.

With the incidence of COVID-19 across the globe, the demand for mobile clinics market has drastically increased. Mobile clinics are used for diagnostics and screening purpose amid coronavirus to cover the maximum population of the country.

Lockdown has been implemented in several countries to restrict the movement of citizens, mobile clinics market is working towards providing necessary healthcare facilities to the population.

Mobile Clinics Market: Drivers and Restraints

Mobile clinics market provides innovative healthcare delivery solution covering the maximum population of the region creating demand for the market. Increased prevalence of chronic diseases in rural and remote areas lead to a rise in demand for mobile clinics market.

Implementation of government schemes for screening and chronic disease management in rural areas will propel mobile clinic market growth in the coming decade. Portable nature of mobile clinic is one of the key factor driving the market growth.

Limited patient catering capacity restraints mobile clinics market growth. The mobile clinic can cater to a specified number of equipment and treatment options, challenging market growth.

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Mobile Clinics Market: Overview

Rise in demand to provide healthcare facilities in rural remote areas has boost demand for mobile clinics market. Based on clinic type, OPD type mobile clinic is the highest revenue-generating with the highest sales.

Following OPD, diagnostic/screening type mobile clinic is second leading in mobile clinics market. Maternal health mobile clinics are expected to have significant growth during the forecast period with increased awareness.

Single exam room and double exam room design type mobile clinics hold the majority share in mobile clinics market. Whereas, mobile medical vans generate the highest revenue followed by mobile medical bus for mobile clinics market.

Mobile Clinics Market: Region-wise Outlook

North America will continue to dominate mobile clinics market during the forecast period due to higher healthcare expenditure. Europe is the second leading region in mobile clinics market due to government initiatives to make healthcare accessible, hence increasing demand for the mobile clinic.

Asia-Pacific region is expected to have the highest CAGR during the forecast period. Mobile clinics market has higher demand with increased product penetration and a huge percentage of the rural area without basic health facilities in the Asia-Pacific region. Whereas, the Middle East and Africa are still an untapped region for Mobile Clinics Market.

Mobile Clinics Market: Key Market Participants

Major players in mobile clinics market include

  • MedicalExpo
  • ADI Mobile Health Inc.
  • Phoenix Modular
  • LifeLine Mobile
  • Medical Coaches Inc.
  • Odulair LLC
  • Matthews Specialty Vehicles Inc.
  • EMS Mobile Sistemler
  • Johnson Medical
  • Mobile Healthcare Facilities
  • GE Healthcare
  • Farber Specialty Vehicles
  • CVR Industries
  • Kentucky trailer technologies
  • Amtex Corporation
  • Phoenix Modular
  • MinFound Medical Systems
  • Independent Modular Builders Alliance

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The research report on mobile clinics market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report on mobile clinics market provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Mobile Clinics Market: Segmentation

By clinic type:

  • Maternal Health
  • Neonatal and Infant Health
  • Child and Adolescent Health
  • Reproductive Health and Contraceptive Services
  • Mental Health
  • Dental Care
  • ENT
  • Geriatric Care
  • OPD
  • Diagnostic/screening
  • Emergency care

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By design layout:

  • Single exam room
  • Double exam room
  • Triple exam room

By vehicle type:

  • Mobile medical vans
  • Mobile medical train
  • Mobile medical bus
  • Mobile medical shipping containers

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Medical Billing Outsourcing Market Industry Overview and Competitive Landscape till 2032

The Medical Billing Outsourcing Market revenues were estimated at US$ 11.1 Bn in 2021 and is anticipated to grow at a CAGR of 16% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55.6 Bn.

The covid-19 epidemic has had a positive impact on the growth of the medical billing outsourcing industry. It is due to the expanding influence of technology in the healthcare business, which has traditionally relied on localized healthcare systems. The pandemic has accelerated market growth by accelerating digital development in a variety of industries, including healthcare.

The pandemic has highlighted the significance of adopting proactive actions and establishing a strong, extendable, collaborative, and reactive digital healthcare infrastructure. As a result, in order to enhance market development, numerous organizations are adopting methods such as digitization and outsourcing of all non-core areas of their operations, such as invoicing and accounting. The rapid move to digital billing is directly related to the growing demand for the medical billing outsourcing market.

Key Takeaways from the Market Study

  • Medical Billing Outsourcing Market was valued at US$ 11.1 Bn in 2021. According to Future Market Insights, Medical Billing Outsourcing Market revenue would increase 4.4X between 2022 and 2032, reaching roughly US$ 55.6 Bn in 2032.
  • In terms of Component, the Outsourced segment accounts for the highest projected CAGR of over 15.6%.
  • In terms of End-Use, the Hospital accounts for the highest projected CAGR of over 17.1%.
  • US is the dominant region in the Medical Billing Outsourcing Market with an expected absolute dollar growth opportunity of US$ 18.4 Bn during 2022 – 2032.

“During the projected period, the rise in the number of hospitals in terms of end-use can become a key driver towards raising the medical billing outsourcing market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The medical billing outsourcing market is very competitive, with numerous medium, and small businesses fighting against one another. Mergers, partnerships, and acquisitions are some of the key business methods used by corporations to increase their market share.

Some of the key medical billing outsourcing service providers include R1 RCM Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., Experian Information Solutions Inc., eClinicalWorks LLC, Athenahealth, Quest Diagnostics, Promantra Inc., AdvancedMD, Inc., Kareo, Inc., and McKesson Corporation.

Some of the key developments in the global medical billing outsourcing industry are:

  • In March 2022, Omega Healthcare, a prominent healthcare management services and solution firm, acquired Reventics, a revenue cycle management solution developer which delivers provider engagement solutions to increase physician reimbursement & compliance.
  • In July, 2021, R1 RCM Inc., a supplier of technology-driven solutions that enhance healthcare providers’ patient experiences and financial performance, announced the completion of its purchase of VisitPay, a digital payment solution provider. The purchase integrates VisitPay’s customer payments infrastructure with R1’s leading patient access technology, allowing providers to offer their patients a smooth financial journey

Market Segments Covered In Medical Billing Outsourcing Market Analysis

By Component:

  • In-house Medical Billing
  • Outsourced Medical Billing

By Service Type:

  • Front End
  • Middle End
  • Back End

By End-use:

  • Hospital
  • Physician Office
  • Other End-uses

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Medical Billing Outsourcing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Medical Billing Outsourcing Market across in terms of Component (In-house, Outsourced), Service Type (Front End, Middle End, Back End), End-Use (Hospital, Physician Office, Other End-uses) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Medical Rehabilitation Robotics Market is projected to reach US$ 1.4 Billion by 2031

[406 Pages Report] As per a recent market analysis by Future Market Insights (FMI),  the global medical rehabilitation robotics market was valued at over US$ 264.0 Mn in 2020 and is projected to expand at a stupendous 15.9% CAGR over the forecast period.

Increasing development of robotic products and devices that have the ability to perform a wide array of tasks is propelling sales in the market. Surgical robots are developed for the purpose of assisting surgeons in operating on a varied range of procedures, which in turn is improving patient outcomes.

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The designing and development of automated robotic models for rehabilitation and assistive services and applications have led to an advancement in disease recovery term. Rising awareness regarding the use of medical rehabilitation robotics for patients with disabilities, as well as for cognitive and behavioral disorders is spurring demand in the market.

The growth in rehabilitation therapy and integrated robotics has increased research and development activities associated with their applications in home-based settings. In comparison with clinical therapy, home therapy has the potential to augment standard care and enable a consistent treatment regime by increasing the frequency and duration of training sessions.

Carrying out rehabilitation services at home offers convenience and comfort. Growing preference for affordable, convenient, and time-saving robotic devices over other therapy devices in hospitals settings is expected to augment the growth of the market.

The development of medical rehabilitation robotics market is reliant on increasing healthcare spending, rising research and development activities, larger government-backed funding, and rising initiatives to promote the utility of rehabilitation robots

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Key Takeaways:

  • Based on product type, demand in the therapeutic/assistive products is expected to account for 71.8% of the total market share in 2031, growing at a 15.4% CAGR.
  • In terms of extremity, the upper extremity segment is expected to hold 54.8%of the total market share by 2031.
  • Sales in the limb motility segment are projected to grow at a 15.9% CAGR through 2031.
  • In terms of patient type, the adults segment held 86.9% of the total market share in 2020, and the trend is expected to continue over the forecast period.
  • Applications in the neurorehabilitation segment are projected to account for a substantial share in the global medical rehabilitation robotics market.
  • Rehabilitation centers held the largest value share of 47.7% in 2020. However, hospitals are expected to account for 36.9% of the total market share by 2031.

“The integration of automation and assistive technology in medical equipment, along with surging demand for artificial intelligence (AI) based robotics in rehabilitation centers will continue boosting the market over the forecast period,” says an FMI analyst.

Competition Landscape

Leading players operating in the market are investing in acquisitions, mergers, expansion, and the development of an extensive clinical pipeline to improve sales in the market. Besides this, players are expandingtheir product portfolios to increase their consumer base. For instance:

  • In October 2021, Fourier Intelligence was selected and awarded the Top 4 Leading Rehabilitation Technology Enterprise by KPMG and the China Association of Non-Public Health Institutions, co-organized by the Health Sector Strategy at an event that was held in Shanghai.
  • In December 2020, Anthrtonix DANA, a telehealth tool by AnthroTronix, was used at the Johns Hopkins Hospital to identify and monitor cognitive deficits and recovery of COVID-19 patients.

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the medical rehabilitation robotics market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

The research study is based on the Product – (Exoskeletons and Therapeutic/ Assistive), Extremity- (Upper Extremity and Lower Extremity), Therapy Type (Limb Mobility, Gait and Sensory), Patient Type (Adult and Paediatric), Application (Neurorehabilitation, Physical Rehabilitation and Others) and End User (Hospitals, Wellness Centers, Rehabilitation Centers and Homecare) across seven key regions of the world.

Future Market Insights’ Expertise in Life Sciences and Transformational Health

Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.

Medical Rehabilitation Robotics Market By Category

Product:

  • Exoskeletons
  • Therapeutic/ Assistive

Therapy Type:

  • Limb Mobility
  • Gait
  • Sensory

Extremity:

  • Upper Extremity
  • Lower Extremity

Patient Type:

  • Adults
  • Paediatric

Application:

  • Neurorehabilitation
  • Physical Rehabilitation
  • Others

End User:

  • Hospitals
  • Wellness Centers
  • Rehabilitation Centers
  • Homecare

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Liquid Biopsy Market is projected to total US$ 3,637 Million by 2031

[262 Pages Report] As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global liquid biopsy market is expected to reach a market valuation of US$ 1,026 Mn in 2021.

With the introduction of innovative molecular diagnostic tests and growing demand from biotech and pharmaceutical companies, the market is poised to expand at a stellar 13.49% CAGR, reaching US$ 3,637 Mn by 2031.

Growth of the liquid biopsy market is attributable to rising incidence of cancer across several countries, which is highlighting the pressing need for faster, simpler, and more convenient diagnostic procedures. Liquid biopsy procedures are minimally invasive and cost-effective, which is making them a favorable choice for cancer diagnosis procedures.

“Increasing incidence of cancer, coupled with incorporation of latest technology in liquid biopsy for faster and more convenient diagnosis will continue to augment the market growth throughout the forecast period,” says the FMI analyst.

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Besides this, increasing government-backed initiatives to support cancer research across the U.S., Japan, India and the UK will drive innovation and developments in liquid biopsy services. Also,  fast track approval from regulatory bodies for novel procedures will bolster the growth over the coming years.

Additionally, technological advancements such as the incorporation of machine learning and microchip-based liquid biopsy systems will further strengthen growth prospects in the market.

As per the market survey, counties including the U.S., the U.K, and Japan will be at the forefront of innovation and adoption of liquid biopsy services, owing to the presence of leading players and prevalence of numerous high-potential cancer research institutes.

Germany, India, and China will emerge as high growth potential markets, with increasing investments by the government for improving the healthcare infrastructure, which will create attractive opportunities to global biotech players for market expansion.

Key Takeaways from the Liquid Biopsy Market Analysis

  • Based on markers, circular tumor cells (CTC) are poised to emerge dominant in the forthcoming years.
  • Blood samples will emerge as the most preferred sample type
  • In terms of applications, liquid biopsy will be widely preferred for lung cancer diagnosis.
  • Cancer institutes are expected to remain dominant end users, accounting for over 40% of the total revenue share.
  • The U.S. will showcase high growth during the forecast period, due to the presence of major liquid biopsy product manufacturers.
  • The U.K. will emerge as an avenue for product innovations and development, further solidifying growth prospects.
  • Japan is anticipated to witness upswings in sales, owing to government-led cancer research initiatives.
  • India is expected to showcase high demand for liquid biopsy products, owing to the increased funding by government and expansion of healthcare infrastructure.

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Competitive Landscape

BIOCEPT, INC., Qiagen N.V., Trovagene, Inc, Janssen Global Services, LLC, MDxHealth SA, Natera, Inc, F. Hoffmann-La Roche Ltd, Silicon Biosystems, Pathway Genomics Corporation, and Sysmex Corporation are among top manufacturers of liquid biopsy products, as profiled by FMI. As per the market survey, tier-1 companies are anticipated to account for approximately 20-25% of the total market share.

Strategic collaborations, partnerships, and product innovations are some of the prominent growth strategies applied by leading market players to establish a strong foothold in the liquid biopsy market. For instance:

  • In June 2021, Biocept Inc., collaborated with Quest Diagnostics, a New Jersey-based clinical laboratory, to offer laboratory services to Quest patients for its Target Selector NGS-based liquid biopsy lung cancer panel.
  • In February 2021, Menarini Silicon Biosystems, a leading developer of liquid biopsy and single-cell technologies, launched its innovative CellMag product line for staining and detection of rare circulating tumor cells (CTCs).

More Insights into the Liquid Biopsy Market Report

In its latest report, FMI offers an unbiased analysis of the global liquid biopsy market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of marker type (circulating tumor cells (CTC), circulating tumor nucleic acids (cTNA) and exosomes), sample type (blood, urine and other including plasma, saliva and CSF), application type (lung cancer, gastrointestinal cancer, prostate cancer, colorectal cancer, leukemia), end-users (hospitals, cancer institutes, academic institutes, and diagnostic centers) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Liquid Biopsy Market by Category

By Marker Type:

  • CTCs (Circulating Tumour Cells)
  • ctNA (Circulating tumor Nucleic Acids)
  • Exosomes

By Sample Type:

  • Blood
  • Urine
  • Others (Plasma, Saliva, CSF)

By Application Type:

  • Lung Cancer
  • Gastrointestinal Cancer
  • Prostate Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Leukemia

By End-Users:

  • Hospitals
  • Cancer Institutes
  • Academic Institutes
  • Diagnostic Centers

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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IoT in Healthcare Market is projected to reaching US$ 952.3 Billion by 2032

[297 Pages Report] The global IoT in healthcare market is projected to reach US$ 181.4 Billion in 2022, anticipated to grow at a CAGR of 18.0%, reaching US$ 952.3 Billion by 2032. The market is slated to document a Y-o-Y growth rate of 20.7% from 2021-2022, increasing from the previously registered value of US$ 150.3 Billion.

By enabling real-time patient data access and remote patient monitoring, the Internet of Things (IoT) has the potential to disrupt traditional paper-based healthcare therapy. With the emergence of this digital healthcare technology, the impending need for enhanced diagnostics and targeted therapeutic options was met.

Furthermore, it not only enables physicians to remotely monitor patients, but it also functions as a fitness and wellness tracker for athletes and a dose reminder for patients. The successful implementation of IoT in remote monitoring of diabetic and asthma patients, along with the growing usage of fitness and wellness devices, has resulted in a considerable demand for the IoT healthcare business.

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Key Takeaways from the Market Study
•IoT in healthcare experienced a growth rate worth 18.8% between 2015 and 2021

  • Portable diagnostic devices in the IoT in Healthcare segment to expand at a CAGR of 10.1% during the forecast period
  • In the U.S., the market is predicted to reach US$ 208.1 Billion while growing at a CAGR of 18.9% during the forecast period
  • China’s market is expected to reach a market value of US$ 92.8 Billion with a CAGR of 19.5% during the forecast period

“Big data analytics is an area of IoT that is quickly expanding. The most recent breakthroughs in machine learning, logical procedures, computational intelligence, and data mining are required for big data analytics”, says an FMI analyst.

Competitive Landscape

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Key players that have been profiled in the report are Apple Inc., Cisco Systems Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines
Corporation, Medtronic PLC, Microsoft Corporation, Proteus Digital Health, Koninklijke Philips N.V., QUALCOMM Incorporated, and Abbot Laboratories are among companies that offer products and technologies that will allow customers to take advantage of new technologies.

  • In April 2019, Royal Philips and Spencer Health Solutions expanded their relationship to provide chronically sick patients in selected European Union (EU) nations with in-home medication adherence and the Philips telehealth platform.
  • Medtronic worked with IBM Watson in January 2019 to provide IQcast, a new feature of its current product Sugar.IQ, for iOS mobile devices in the United States. The software would provide patients with a hypoglycemic episode to monitor their low glucose level by anticipating the occurrence 1 to 4 hours in advance.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
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Plot No: JLT-PH2-X2A,
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Base Paper Market is expected to grow at a CAGR of 1.75% through 2032

During the forecast period, the base paper market is anticipated to grow at a robust CAGR of 1.75 percent. The market for base paper is expected to grow to US$ 360 billion by 2032 from its present value of US$ 302.66 billion in 2022. Base paper sales have increased as a result of base paper being opaquely laminated for high-quality printing. It is also anticipated that rising consumer desire for environmentally friendly packaging would help the base paper market share increase.

The report clarifies the elements boosting base paper sales and, consequently, the potential for market participants. The base paper market does, however, also face several difficulties that could prevent the base paper market share from growing as much as it could.

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Base Paper Market: Dynamics 

The driving factor for base paper market is the increasing demand for ecofriendly and recyclable packaging material. Because of hazardous impact of non-degradable plastic use, many countries are switching for sustainable packaging solution. Base paper is chemical free paper which acts as a fueling factor for increasing the global market of base paper across the world.

It has zero effect on human health and environment. The growth of base paper market is increasing exponentially because it can be used as décor paper. Depending up on the requirement, the decor paper is used as overlay paper, barrier paper, print paper, absorbent kraft paper. Also, the base paper market is growing on the backdrop of construction industries as the shuttering paper gives more wet resistance and good tensile strength.

In pharmaceutical industries, the base paper (also called as medical paper or bactite paper) is used for packaging of medical or surgical disposables. As it gives maximum protection against bacterial growth, it is expected that the base paper market will increase with the expansion of pharmaceutical industries. Lucrative opportunities are witnessed for laminating base paper across the world as it provides high barrier to the product from moisture and air. 

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Base Paper Market: Regional Outlook 

The base paper market is growing on the backdrop of paper and pulp industries. It is witness that the top key payers of paper and pulp industries are present in North America and Europe. The consumption of base paper in the U.S. is more because of increasing ready to eat food segment and confectionery food packaging. Mexico is the emerging market hence significant growth is expected for base paper market. Europe is a mature market hence sluggish growth is witnessed.

With the development of pharmaceutical industries in APAC region, the demand for base paper is increasing in China and India. However China is the top exporter of base papers. The production of laminated base paper is also increasing in MEA region where as the regional consumption is low. Hence, the key players are exporting base paper to European market. 

Base Paper Market: Key Players 

  • Twin Rivers Paper Company 
  • KRPA Holding CZ, A.S. 
  • Ahlstrom-Munksjö 
  • International Paper 
  • Graphic packaging 
  • Stora Enso Oyj 
  • Pudumjee Paper Products 

The base paper market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Regional analysis includes – 

  • North America 
  • Latin America 
  • Western Europe 
  • Eastern Europe 
  • East Asia 
  • South Asia 
  • Middle East & Africa (MEA) 

Base Paper Market: Segmentation 

The base paper market is classified on the basis of raw material, product form, and grade as follows 

On the basis of Product Form, 

  • Rack mount 
  • Portable 

On the basis of Grades, 

  • Up to 40 GSM 
  • 40 to 70 GSM 
  • Above 70 GSM 

On the basis of End Use, 

  • Food industries 
  • Pharmaceutical 
  • Construction 
  • Others 

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Trash Can Liners Market share is likely to be US$ 543.54 Million by 2032

The trash can liners market is expected to record a CAGR of 4.5% during the forecast period 2022-2032, up from US$ 350 Million in the year 2022 to reach a valuation of US$ 543.54 Million by 2032.

The trash can liners market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

What are the Main Factors Affecting the Market Share for Trash Can Liners?

It is significant to note that the main causes of the rise in global demand for garbage can liners are changes in consumer lifestyles, rising environmental and health awareness, as well as the numerous environmental legislation being adopted by governments all over the world. Considering the value-added features encompassing everything from waste handling to transportation and garbage distribution, trash can liners are expected to create significant opportunities for market growth and investment for players, particularly in the developing countries.

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Trash can liners are used to line the insides of waste containers and dustbins. This trash can liners come in many colors such as green, pink, black, transparent or white, etc. which are available in the market in different sizes, according to their end-use. The trash can liners have a wide range of applications in people’s day- to day lives such as restaurants, offices, households, industries, hospitals, shops, etc.

In the future, environmental and health consciousness among consumers and supporting environmental policies adopted by governments in different regions are likely to have a positive impact on the market for trash can liners. Moreover, increasing per capita disposable income also increases the demand for cost-effective and compact trash can liners, which further increases the growth in the market for trash can liners over the forecast period. Thus, taxation and stringent environment policies over the use of a trash can liners to diminish the harmful environmental effects that might hamper the trash can liners market in the upcoming years. 

Trash Can Liners Market: Dynamics 

The change in the lifestyle of consumers, increasing environmental and health awareness and environmental support policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for trash can liners. Because of the value added features from waste handling to transportation and garbage distribution, trash can liners are expected to create significant opportunities for growth and investment for market players, particularly in the developing countries.

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Also, in the developing nations, where the consumer demand for garbage storage and handling bags is high, the trash can liners market is expected to continue to grow steadily. The main driver for trash can liners market growth are local packaging companies, private consumers and retailers which focus more on delivering the product in the local market. 

Trash Can Liners Market : Key Players 

Some of the players operating in the trash can liners market are

  • Allied Plastics,
  • The Clorox Company,
  • Reynolds Consumer Products,
  • Poly-America, L.P.,
  • Berry Global Inc.,
  • International Plastics Inc.,
  • Cosmoplast Industrial Company LLc,
  • Novolex,
  • NOVPLASTA,
  • Dagoplast,
  • Terdex,
  • MirPack,
  • Four Star Plastics,
  • Luban Pack,
  • Extrapack,
  • Clorox Australia,
  • Achaika Plastic,

Kemii Garbage Bag Co., Inteplast Group, Ltd, Primax, Berry Plastic Corporation, and many more. Many local and unorganized players are expected to contribute to the trash can liners market. 

The report is the compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the trash can liners market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with trash can liners market attractiveness as per segments. The report also maps the qualitative impact of various factors on trash can liners market segments and geographies. 

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Regional analysis includes : 

  • North America 
  • Latin America 
  • Europe 
  • South Asia 
  • East Asia 
  • Oceania 
  • Middle East & Africa (MEA) 

Key Segments Profiled in Trash Can Liners Market

By Material Type:

  • Polyethylene (PE)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LLDPE)
  • Polypropylene (PP)
  • Others

By size:

  • Small Size (Up to 5 Liters)
  • Medium Size (Between 5 and 20 Liters)
  • Large Size (More Than 20 Liters)

By End-use:

  • Retail and Consumer
  • Institutional
  • Industrial
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com