Connected Drug Delivery Devices Market is expected to reach US$ 1.6 Billion by 2028 | FMI Study

[Report of 228 Pages] The market for connected drug delivery devices was valued at US$ 330 million in 2021 and is projected to grow at a remarkable CAGR of 23.6% to reach US$ 1.6 billion by 2028.

According to the analyst of Future Market Insights (FMI), the leading manufacturers of connected drug delivery devices are focusing on collaboration with the software companies to assess the cloud data system in their devices.

Moreover, it helps the manufacturer to launch the product more conveniently and to enhance their distribution channel. Manufacturers of inhalers to treat asthma and chronic lung disease are racing to develop a new generation of smart devices with sensors to monitor if patients are using their puffers properly.

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The companies operating in the global connected drug delivery devices market are OPKO Health Inc., Bayer AG, 3M Company, West Pharmaceutical Services, Inc., and Teva Pharmaceutical Industries Ltd., among others.

Rapidly evolving technologies, for instance, cloud-based computing models, are enabling the healthcare industry towards a transition to a new architecture.

Cloud technology along with advances in mobility and telepresence solutions is expected to create new unwired business models capable of providing healthcare anywhere.

The use of cloud technology will increase, aided by the proliferation of mobile health applications to collect and send vital signs from wireless and wired remote patient and personal health monitoring devices. Cloud-based platforms and new IT service models will fundamentally change the healthcare business equations and create opportunities for new players to enter the industry.

Growing Demand for Injectable Drug Delivery to Aid Market Growth

The rising preference for injectable drug delivery is anticipated to drive the market for sterile drugs globally. Self-administration of drugs through usage of pre-filled syringes is one of the ways that can help patients to save the fees given to a caregiver. There is an increased demand for large molecule drugs in pre-filled syringes as compared to small molecule drugs in pre-filled syringes

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Following this opportunity, the manufacturers are expected to cash in on profits through introduction of smart injectable drug delivery mediums among their portfolio. The progress is expected to be more prominent in the allergic reactions (Anaphylaxis) indication segment. Further, an upsurge in the number of large molecule drugs that need to be manufactured in injectable format is expected to fuel the growth of the market. Likewise, data generated by bioavailability studies is proving to present a definitive relation between pharmacodynamics and pharmacokinetics for such sterile drugs, which is also expected to offer support to the growth of the market.

Mobile applications are also being used for the treatment of patients suffering from Alzheimer, Diabetes, COPD or Asthma. Mobile applications with the use of GPS help to track the patient location. If the patient is travelling away from the home, the caretaker can track the exact location of the patient and also track the consumption of dosage by using mobile application. Most of these applications have been developed for the cloud. Placing the wireless solution on a cloud storage system helps with connectivity issues and makes it easier to communicate across different information regimes.

Limited Knowledge and Adoption Rate among Patients to Hinder Growth Rate

The deployment of connected drug delivery devices is not yet widely promoted within the public health system. This is attributed to the high cost of the product, limited reimbursement, and dearth of awareness among the patients regarding the technology. Moreover, complexity and limited availability of the device further reduces penetration. For instance, interpretation of insulin delivery trend for analysis, is considered to be useful however, because of the complicated user interface, the patients cannot interpret them smoothly. As per the current scenario, such obstacles might directly have an adverse effect on the overall growth of the connected drug delivery devices market.

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Key Segments of Connected Drug Delivery Devices Industry Survey Connected Drug Delivery Devices Market by Product Type:

  • Inhalation Devices
  • Injectable Devices
    • Handheld Injectable Devices
    • Wearable Injectable Devices

Connected Drug Delivery Devices Market by End User:

  • Hospitals
  • Clinics
  • Home Care

Connected Drug Delivery Devices Market by Application:

  • Anaphylaxis
  • Cardiovascular
  • Diabetes
  • Hormone Replacement
  • Others

Connected Drug Delivery Devices Market by Technology:

  • Bluetooth Drug Delivery Devices
  • Near Field Communication Drug Delivery Devices

Connected Drug Delivery Devices Market by Region:

  • North America Connected Drug Delivery Devices Market
  • Latin America Connected Drug Delivery Devices Market
  • Europe Connected Drug Delivery Devices Market
  • East Asia Connected Drug Delivery Devices Market
  • South Asia & Pacific Connected Drug Delivery Devices Market
  • Middle East & Africa (MEA) Connected Drug Delivery Devices Market

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Western Europe Ultrasound Conductivity Gels Market is expected to register growth of 8.3% from 2022 to 2028

[Report of 241 Pages] The market for ultrasound conductivity gels is anticipated to reach USD 439.1 million by 2028, growing at a CAGR of 7.9% over the forecast period, from an estimated USD 278.9 million in 2022. (2022-2028). Development of conductive gel platforms for engineering materials with good biocompatibility, varied functionalization, and modifiable mechanical strength is necessary for the advancements in bio-related applications, particularly ultrasound technologies. Gels that exhibit high ultrasound conductivity have proven to be the perfect material for cutting-edge bio-electronic and biosensor applications. This quality has created a strong global demand for ultrasound conductivity gels

Future Market Insights (FMI) has published a new report on ultrasound conductivity gels. The report has been titled, “Ultrasound Conductivity Gels Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment, 2022 – 2028.” The report caters to the numerous needs of the global as well of the regional vendors and presents a distinguishing scenario of the market along with factors such as drivers, inhibitors, prospects, and trends based on the regional as well as the global dynamics.

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The global market for ultrasound conductivity is highly consolidated owing to the presence of a few leading players and their take on collaborations, mergers, acquisitions, partnerships, license agreements, and patent transfer might have a major impact on the vendor landscape of the global ultrasound conductivity gels market. The other leading players operating in the global ultrasound conductivity gels market are Medline Industries Inc., Parker Laboratories, Inc., Compass Health Brands Corp., Cardinal Health, Inc., and ECO-MED Diagnostic Imaging, among several others. These manufacturers are also focusing on decreasing the cost of the gels in order to compete with the inexpensive substitutes.

Key Companies Profiled:

  • Medline Industries Inc.
  • Parker Laboratories, Inc.
  • Roscoe Medical
  • Cardinal Health, Inc.
  • ECO-MED Diagnostic Imaging
  • National Therapy Products Inc.
  • Modul Diagram S.r.l
  • Ceracarta Spa
  • DJO Global, Inc.
  • Pharmaceutical Innovation Inc.

Enlarging Application Base to Help in Market Development

Ultrasound is the most commonly employed diagnosis procedure for curing a disease. It is a painless and safe method to examine the internal organs and avoids the use of harmful radiations. Generally, ultrasound scan is recommended for various uses. In urology, ultrasound is utilized for diagnosis of the prostatic and kidney diseases and to diagnose urinary bladder. There is a rise in demand for ultrasound machines designed for specialities such as cardiology and radiology and in the knowledge of the advantages offered by the portable colour ultrasound systems which ultimately increase the demand of ultrasound procedures and use of ultrasound gels.

Moreover, the increasing awareness towards screening for breast cancer and advanced technologies such as echocardiography has evolved into a non-invasive method for imaging has driven the number of ultrasound procedures and boosting the future growth. Other than this, the need for point of care ultrasound scanning in military medication, urgent treatment, and remote care are likely to bolster the demand for ultrasound procedures and also increase the demand for ultrasound gels across the globe.

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Availability of Alternate Products an Ongoing Challenge in the Market

Medical ultrasound gels may be inaccessible or unaffordable in low-resource locations. Consumers and clinicians looking for a low-cost substitute for ultrasound gels. Such an alternative could be a boon in developing countries where radiology budgets are tight but might hinder the global ultrasound conductivity gels market. A gel made from water and corn-starch is low-cost gel can be an acceptable alternative to commercial medical gel in rural areas. The low cost and easy preparation of the corn-starch-based gel make it an attractive coupling medium for use in low-resource settings. The availability of these substitutes is likely to act as a major roadblock in the growth of the market which be overcome in the near future.

Will the availability of substitutes and dearth of skilled personnel pull down the market or will the credibility of the product keep the making growing at a steady pace?

Key Market Segments Covered in Ultrasound conductivity gels Market Research

By Product Type

  • Sterile Gels
  • Non Sterile Gels

By End User

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Ambulatory Surgical Centers

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Packaging Machinery Market: Trends, Applications, and Growth Opportunities in the Global Packaging Industry by 2032

The global packaging machinery market is expected to reach a market valuation of US$ 56.87 Billion by the year 2022, accelerating with a CAGR of 4.5% by 2022-2032. The packaging machinery market share is anticipated to be valued at about US$ 88.25 Billion by 2032 end.

The expanding conventional food & beverages intake, shifting consumer preferences toward organic and functional drinks, and a rise in the diversity of snacks and packaged products are all expected to have a positive impact on the sales of packaging machinery in the coming years. During the upcoming years, packaging machinery market expansion is predicted to be aided by expanding personal hygiene and health awareness along with steadily increasing expenditure on pharmaceutical products.

The need for highly complex packaging equipment for pharmaceutical items is expected to be increasing in the coming days, thus favoring the packaging machinery market opportunities in the future.

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Key Takeaways from Market Study 

  • The overall growth of the global packaging machinery market is estimated to be around US$ 31.38 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 4.5%.
  • The filling and dosing packaging machinery type is the highest selling product segment contributing for more than 16% of the revenue share.
  • The form, fill and seal product segment is the most secretive product segment owing to getting increasingly adopted by the pharmaceutical industries.
  • The food &beverages segment is the largest end user segment of the global packaging machinery market that is worth about US$ 48 billion in the year 2022.
  • The pharmaceutical and healthcare end use segment is anticipated to experience the highest growth rate during the projection period at around 4.8%.
  • Asia Pacific is the dominant region for the global packaging machinery market with an overall share of more than 45% that was valued at US$ 23.8 Billion in the year 2022.
  • The North America packaging machinery market is predicted to grow at a moderate rate of 3.65% as the market is mostly saturated owing to very early adoption of the product by the end use verticals.

Competitive Landscape

Some of the well-known packaging machinery market players are KHS Group, SIG Combibloc Group Ltd., Tetra Laval International S.A., Krones AG, I.M.A. Industrial Macchine, Automatiche S.p.A., Syntegon Technology GmbH, ProMach, GEA Group Aktiengesellschaft, Sacmi, Bradman Lake Ltd., ROVEMA GmbH, Douglas Machine Inc., Coesia S.p.A, Maillis Group, and Duravant, among others.

Key Trends in the Packaging Machinery Market

  • Automation and Robotics- Automation and robotics are becoming increasingly important in the packaging machinery market. Packaging manufacturers are adopting automation technologies to increase their productivity and efficiency while reducing costs. Robotics is used in various aspects of packaging, such as picking, placing, and palletizing products. The use of robotics and automation in packaging machinery also reduces the risk of human error and improves safety in the packaging process.
  • Sustainable Packaging- Sustainable packaging is a growing trend in the packaging industry. Consumers are becoming more environmentally conscious, and packaging manufacturers are responding by developing packaging solutions that are recyclable, biodegradable, and made from sustainable materials. Packaging machinery manufacturers are developing equipment that can produce sustainable packaging materials and reduce waste.
  • Digitalization and Industry 4.0- Digitalization and Industry 4.0 are transforming the packaging machinery market. Industry 4.0 refers to the integration of physical and digital systems in manufacturing. In the packaging industry, digitalization is being used to improve the efficiency of the packaging process, reduce waste, and improve product quality. Packaging machinery manufacturers are developing smart machines that can collect and analyze data in real-time, allowing manufacturers to optimize their packaging processes.

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Recent Developments in the Global Packaging Machinery Market:

  • At Pack Expo 2019 in Las Vegas in August 2019, Syntegon Technology GmbH unveiled the Pack 403, a fully automated horizontal flow wrapper. a Paloma pick-and-place robot was used in its construction for its application in difficult environments,
  • Similar to this, Robopac Ibérica, an Aetna group S.p.A. Company, has constructed a facility in Vinaros (Castellón) for the purpose of providing commercial and technical assistance operations for the important markets in Europe

Packaging Machinery Market by Segmentation 

By Machine Type:

  • Filling & Dosing
  • Labelling, Deco., and Coding
  • Form, Fill, & Seal
  • Cartoning Machines
  • Case Handling
  • Closing
  • Wrapping & Bundling
  • Palletizing & Depalletizing
  • Bottling Line
  • Conveying Machines
  • Other Packaging Machines

By Packaging Technology:

  • Automatic
  • Manual
  • Semi-automatic

By End-use:

  • Beverages
  • Food
  • Chemicals
  • Homecare & Personal Care
  • Pharmaceuticals
  • Others

By Region:

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

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Packaging machinery performs variety of functions that include canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Green Tire Market Size to cross US$ 78.6 Billion by 2032, Says Future Market Insights, Inc.

The global green tires market size is projected to increase from US$ 31.1 Billion in 2022 to US$ 78.6 Billion by 2032, accelerating at a CAGR of 9.7% between 2022 and 2032. Rising demand for fuel efficient vehicles and vehicle components to reduce environmental pollution is a key factor driving the global green tires market.

Green tires are essential for lowering the price and fuel efficiency of automobiles. Changes in customer preferences for sustainable transportation options and strict laws are driving up demand for tires that are both energy-efficient and environmentally friendly.

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Green tires assist in minimizing the energy lost as a result of tire-to-rolling surface friction. Silica is used in the manufacturing of these tires to create low rolling resistance, which may eliminate tire friction on any given surface. It increases the energy efficiency of tires and raises the general level of tire and vehicle safety.

Changing consumer preferences for fuel-efficient automobiles, government regulations on carbon emissions, as well as a growth in demand from the e-commerce and logistics industries, would all boost the global market for green tire during the forecast period.

Key Takeaways of Green Tire Market Study

  • By tire size, the 18” tire size segment is projected to increase at a value CAGR of 9.1% during the forecast period.
  • In terms of vehicle type, passenger vehicles are anticipated to account for more than 68% of the global market.
  • Based on application, on-road segment is projected to grow at a value CAGR of 9.6% through 2032.
  • With implementation of stringent government regulations in the automotive industry, green tires market in Europe is projected to expand at 9.0% CAGR over the next ten years.
  • The green tire market in China is poised to expand at a value CAGR of 3%from 2022 to 2032.

“The market for green tire is expected to be supported by rising government regulations, and changing consumer preference for fuel-efficient tires. Besides this, product development with sustainable materials by prominent players coupled with adoption of strategies like collaborations and partnerships will bode well for the market.” says Future Market insights analyst

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Competitive Landscape

Market players are attempting to increase their market share by developing eco-friendly materials-based green tires and modernizing existing product lines. To increase their sales channels in the market, the major corporations are looking to partner with distributor networks and vehicle manufacturers.

Leading manufacturers of green tires also adhere to important supply trends including the introduction of new products and significant expenditures on R&D.

Continental AG, Bridgestone, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C S.p.A are a few of the market’s major participants.

Report Scope

Attribute Details
Estimated Market Size (2022) US$ 31.1 Billion
Projected Market Size (2032) US$ 78.6 Billion
Anticipated Growth Rate (2022 to 2032) 9.7% CAGR
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis US$ Billion for Value, ‘000 Units for Volume
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa.
Key Countries Covered USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Market Segments Covered Tire Size, Vehicle Type, Application, Sales Channel, and Region
Key Companies Profiled
  • Michelin Group
  • Continental AG
  • Goodyear Tire and Rubber Company
  • Bridgestone Corporation
  • Hankook Tire & Technology Co. Ltd
  • Pirelli & C S.p.A
  • The Yokohama Rubber Co. Ltd
  • Toyo Tire corporation
  • Kumho Tire
  • Sumitomo Rubber Industries Ltd.
  • Nokian Tires Plc
  • NANKANG RUBBER TIRE CORP., LTD.

 

Key Segments Covered in Green Tire Industry Analysis

Green Tire Market by Tire Size:

  • Below 15″
  • 16″
  • 17″
  • 18″
  • 19″
  • Above 19″

Green Tire Market by Vehicle Type:

  • Passenger Vehicle
  • LCV
  • HCV

Green Tire Market by Application:

  • On-Road
  • Off-Road

Green Tire Market by Sales Channel:

  • OEM
  • Aftermarket

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Find More Valuable Insights

The research report analyzes the market demand trends of green tire. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of green tire. As per Future Market Insights’ research scope, the green tire market has been studied and segmented on the basis of tire size, vehicle type, application, and sales channel. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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
For Sales Enquiries: sales@futuremarketinsights.com
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In-vitro Diagnostics Kits Market Reach a Valuation of US$ 22.8 Billion by 2032: Key Trends, Growth Drivers, and Future Outlook

The global in-vitro diagnostics kits market was valued at US$ 12.0 Billion in 2021. The in-vitro diagnostic kits market is projected to grow at a healthy CAGR of 5.9% between 2022 and 2032 and reach a valuation of US$ 22.8 Billion by 2032.

The In-vitro Diagnostics Kits Market is a rapidly growing industry that plays a crucial role in the diagnosis and treatment of diseases. These kits are used to perform various tests on samples collected from patients, such as blood, urine, and tissue, to detect the presence or absence of a particular disease or condition.

The In-vitro Diagnostics Kits Market is divided into several segments based on product type, application, end-user, and region. Some of the common types of IVD kits include molecular diagnostics, immunoassays, clinical chemistry, hematology, microbiology, and coagulation. These kits are used to diagnose various diseases and medical conditions such as infectious diseases, cancer, cardiac diseases, and diabetes.

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Moreover, biomarkers have a lot of clinical relevance and interest in the medical field since they can help with disease screening, diagnosis, and treatment. The integration of biomarkers and the availability of biomolecular tools are projected to aid in the creation of a new variety of condition-specific tests, resulting in new IVD market prospects. 

Factors Driving the Growth of the In-vitro Diagnostics Kits Market

There are several factors driving the growth of the In-vitro Diagnostics Kits Market, including the increasing prevalence of chronic and infectious diseases, rising demand for personalized medicine, and technological advancements in diagnostic techniques.

  • Increasing Prevalence of Chronic and Infectious Diseases- The increasing prevalence of chronic and infectious diseases such as cancer, HIV, and hepatitis is one of the major factors driving the growth of the In-vitro Diagnostics Kits Market. According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, with approximately 9.6 million deaths in 2018. The growing incidence of chronic diseases is expected to drive the demand for IVD kits in the coming years.
  • Rising Demand for Personalized Medicine- Personalized medicine is an emerging field that aims to provide customized treatments based on a patient’s genetic makeup, lifestyle, and medical history. IVD kits play a crucial role in personalized medicine by providing accurate and timely diagnostic information to healthcare providers. The increasing demand for personalized medicine is expected to drive the growth of the In-vitro Diagnostics Kits Market.
  • Technological Advancements in Diagnostic Techniques- Technological advancements in diagnostic techniques have significantly improved the accuracy and efficiency of diagnostic tests. The development of next-generation sequencing (NGS) and digital PCR (dPCR) has revolutionized the field of molecular diagnostics, enabling the detection of mutations and genetic variations associated with diseases. The growing adoption of these technologies is expected to drive the growth of the In-vitro Diagnostics Kits Market.

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During the forecast period, North America is expected to be the leading regional market for in vitro diagnostics, owing to its well-developed healthcare system and increased healthcare awareness among patients, as well as Obama’s Affordable Care Act (ACA), technological advancements, and a recovering American economy. Other variables, such as the widespread availability of gadgets and an increase in public knowledge about the issue, are also playing a role. 

Moreover, presence of large number of key players in North America is another major factor that drives the in vitro diagnostics market growth. 

Europe Demand Outlook for In Vitro Diagnostics Test Kit Market

The Europe market is predicted to develop at the fastest rate, with a CAGR of 6.2 percent over the forecast period. There are growing and developed economies in Europe & Asia Pacific. The market is expected to be fueled by increased healthcare awareness and people seeking early diagnosis in the region, as well as a high frequency of chronic diseases. 

Furthermore, due to an increase in healthcare expenditure and the prevalence of diabetes in the region, it is predicted to grow at the quickest rate during the projection period. Other reasons, such as the large patient population of other chronic diseases that necessitate IVD testing, also contribute to the market’s growth. 

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Who are the Key Manufacturers and Suppliers of In Vitro Diagnostics Test Kit Market? 

Some of the leading manufacturers and suppliers of In Vitro Diagnostics market include 

  • Abbott Laboratories 
  • Becton 
  • Dickinson and Company 
  • bioMérieux SA 
  • Bio-Rad Laboratories, Inc. 
  • Danaher Corporation (Beckman Coulter, Inc.) 
  • F. Hoffmann-La Roche AG 
  • Siemens AG 
  • QIAGEN N.V. 
  • Sysmex Corporation 
  • Thermo Fisher Scientific, Inc. among others. 

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. 

In-Vitro Diagnostics Kits Market Outlook by Category

By Application:

  • Blood Test
  • Pregnancy
  • Drug of Abuse
  • COVID-19
  • Disease-based Testing

By End Use:

  • Hospitals
  • Laboratories
  • Institutional
  • Patient Self-Testing (Home Testing)
  • Others (Pathology, Research & Development, etc.)

By Region:

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

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

Tire Pressure Monitoring System Market Size to be worth US$ 7.7 Billion by 2032 | CAGR of 10.3%

Over the forecast period of 2022 to 2032, the tire pressure monitoring system market size is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

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The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.

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Key Takeaways:

  • Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
  • By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
  • In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
  • Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
  • China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
  • Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

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Tire Pressure Monitoring Systems Market: Segmentation

TPMS Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Multi-item Patient Monitor Market Share 2022 to 2032 | By GE Healthcare, Mindray, OSI Systems, Drägerwerk AG

The Global Multi-item Patient Monitor market size was valued at roughly US$ 39.0 billion in 2022 and is expected to rise at a CAGR of 3.61% from 2022 to 2032, reaching a value of US$ 55.6 billion. A patient monitor is a medical equipment that includes a processing unit, monitoring sensors, and a screen display for measuring and recording vital indicators such as blood pressure, body temperature, breathing rate, and pulse rate.

Multi-item Patient Monitors are designed to measure the activity of multiple organs and provide enhanced patient care. These monitors use electronic and technological improvements to monitor a patient’s vitals using wireless and intelligent communication technology.

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Multi-item Patient Monitors are used for diagnosis and treatment in various healthcare settings, primarily for post-acute care and chronic disorders, in addition to showing waveforms and numerical data for patients. Because they are portable and simple to use, these devices are used not only in healthcare centres but also in home-based treatment.

Multi-item patient monitor Market: Drivers and Restraints 

In terms of technology, multi-item patient monitors are constantly evolving, notably for improved algorithm-based monitoring. The evolution of remote patient monitoring has substantially expanded the need for Multi-item Patient Monitors throughout the years.

During the projected period, the paradigm shift of Multi-item Patient Monitors from hospitals to mobility services and ambulatory centres is expected to fuel market growth for these monitors. Furthermore, factors such as increased healthcare spending, improved healthcare infrastructure, and an increase in disposable income are likely to contribute to the growth of the Multi-item Patient Monitors market.

The increasing popularity and product penetration in various countries may also boost the Multi-item Patient Monitors market. However, the high costs connected with these monitors, as well as the device’s inadequate reimbursement procedures, may limit their market growth during the forecast period.

Furthermore, the monitors’ maintenance requirements and economic crises in emerging nations may hinder the market expansion of Multi-item Patient Monitors over the projection period.

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Multi-item patient monitor Market: Overview 

The increasing number of private healthcare institutions globally can be related to the growth of the global multi-item patient monitor market. These monitors are widely utilised in emergency and post-acute care, and the introduction of portable Multi-item Patient Monitors has increased the market even more.

Several wireless monitors have acquired FDA approval and are being used in various medical settings across the world. Improved technology, such as mobile augmented reality and wireless sensor networks, offer real-time remote heart rate and body temperature measurement for patient treatment.

Multi-item Patient Monitors have become popular for home-based care due to their easy-to-operate features. The demand for these monitors in emergency, critical, and other ambulatory services has also increased due to the availability of portable Multi-item Patient Monitors.

Multi-item patient monitor Market: Region-wise Outlook 

Geographically, the market for Multi-item Patient Monitors is divided into eight regions: North America, Asia-Pacific except China and Japan, China, Japan, Western Europe, Eastern Europe, Latin America, and the Middle East and Africa. The market for Multi-item Patient Monitors in North America is developing due to high product penetration, and it will remain dominant throughout the projected period due to an increase in the number of critical care facilities and better healthcare infrastructure.

Multi-item patient monitor Market: Key Market Participants 

Some of the market participants in the Global Multi-item patient monitor market identified across the value chain include: GE Healthcare, Mindray, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., OSI Systems, Inc, Microchip Technology Inc., Hipac Healthcare Pty Ltd, Arjo, Schiller, Heyer Medical AG, SUNRAY MEDICAL APPARATUS CO.LTD, TENKO MEDICAL, Drägerwerk AG & Co. KGaA and Fukuda Denshi

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Key Segments Profiled In The Multi-Item Patient Monitor Industry Survey

Multi-item patient Monitor Market By Acuity Type:

  • High-acuity monitors
  • MRI-compatible monitors
  • Critical care monitors
  • Peri-operative monitors
  • Medium-acuity monitors
  • Post-anaesthesia care monitors
  • Emergency care monitors
  • Low-acuity monitors
  • Vital Sign monitors
  • Ambulatory monitors

Multi-item patient Monitor Market By Application:

  • Neurology
  • Cardiology
  • Respiratory
  • Fatal & Neonatal
  • Remote Monitoring
  • Weight Monitoring
  • Temperature Monitoring

Multi-item patient Monitor Market By End-User:

  • Hospitals
  • Ambulatory Care Centers
  • Clinics
  • Diagnostic Laboratories
  • Home-care Settings

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Ultrasound-Guided Breast Biopsy Market Forecast 2022 to 2032 | By Procedure, End User & Region

The global Ultrasound-Guided Breast Biopsy market sales is anticipated to reach US$ 1,090 million by 2032, growing at an 8% CAGR during the forecast period. In 2022, the ultrasound-guided biopsy market is expected to be worth US$ 720 million. Throughout the projected period, market sales will be driven by the rising prevalence of breast cancer cases and increased awareness about early detection of breast cancer.

The thorough research contains market revenue numbers, segment-specific data, regional data, and country-specific data, as well as an in-depth commentary on the main influencing elements. This is one of the most thorough studies, encompassing all facets of the growing Ultrasound Guided Breast Biopsy sector.

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Ultrasound-Guided Breast Biopsy: Market Insights

Breast cancer is one of the most common types of cancer in women, affecting over 80% of women over the age of 50. Breast cancer typically begins in the breast tissue, which is composed of glands for milk production known as lobules, or in the ducts.

Breast abnormalities or lumps are typically discovered via mammography, physical examination, and other imaging techniques. Thus, Ultrasound-Guided Breast Biopsy was introduced into the market, which involves taking certain abnormality samples under the direction of MRI or mammography, as well as ultrasound.

A radiologist employed ultrasound imaging to direct to the region of aberrant cell development in Ultrasound-Guided Breast Biopsy. An Ultrasound-Guided Breast Biopsy is typically conducted when an anomaly arises, such as a distortion in the structure of the breast tissue, a suspicious mass of solid, or an area of change of abnormal tissue.

According to the World Health Organisation, an estimated 627,000 women died from breast cancer worldwide in 2018. As the occurrence of breast cancer rises, the market for Ultrasound-Guided Breast Biopsy is expected to expand.

Ultrasound-Guided Breast Biopsy: Market Dynamics

Because it is less invasive than other surgical biopsy methods, ultrasound-guided breast biopsy is predicted to increase significantly in the market. Furthermore, Ultrasound-Guided Breast Biopsy leaves less scar and may be conducted in a short period of time, which will enhance the adoption rate of Ultrasound-Guided Breast Biopsy.

Aside from that, no ionising radiation is utilised in Ultrasound-Guided Breast Biopsy imaging, which provides faster results and is expected to fuel the Ultrasound-Guided Breast Biopsy market expansion. Furthermore, the Ultrasound-Guided Breast Biopsy is less expensive and takes less time to recover from.

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All of these elements will help to the expansion of the Ultrasound-Guided Breast Biopsy market. However, various constraints are impeding the growth of the Ultrasound-Guided Breast Biopsy market. During the biopsy, some factors, such as the risk of hematoma formation, may emerge.

Furthermore, patients may experience discomfort during the biopsy, which may have an impact on the growth of the Ultrasound-Guided Breast Biopsy market. The cost of the device is another key factor limiting market growth.

Ultrasound-Guided Breast Biopsy Market: Overview

Ultrasound-Guided Breast Biopsy is expected to drive market expansion. With the rising prevalence and rates of breast cancer, the Ultrasound-Guided Breast Biopsy market is expected to expand significantly.

Manufacturers are now concentrating their efforts on developing new imaging technologies for the proper treatment of breast cancer. Ultrasound-Guided Breast Biopsy is gaining popularity among other procedures since it offers results in less time and reduces the length of patients’ stay, and so Ultrasound-Guided Breast Biopsy will boost market expansion.

Ultrasound-Guided Breast Biopsy Market: Key Players

Some of the key players present across the value chain of the global Ultrasound-Guided Breast Biopsy market are Hologic, Inc., Medsurge Ind Private Limited

Key Segments Profiled in the Ultrasound-Guided Breast Biopsy Market Survey

By Procedure:

  • Fine needle aspiration (FNA) Ultrasound-Guided Breast Biopsy
  • Core needle (CN) Ultrasound-Guided Breast Biopsy
  • Vacuum-assisted device (VAD) Ultrasound-Guided Breast Biopsy
  • Wire localization Ultrasound-Guided Breast Biopsy

By End User:

  • Hospitals
  • Clinics
  • Diagnostics Laboratories
  • Others

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The regional analysis includes

  • North America (US, Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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Suite 401, Newark, Delaware – 19713, USA
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Acrylic Airless Bottle Market: Emerging Trends, Applications, Global Business by 2032

The global acrylic airless bottle market is expected to register a CAGR of 6% during the forecast period (2022-2032). Increasing demand for anti-ageing products is also projected to contribute to the growth of the global acrylic airless bottle market share.

The Acrylic Airless Bottle Market is witnessing significant growth due to the increasing demand for premium cosmetic packaging solutions. Acrylic airless bottles are popular among consumers as they are convenient and easy to use. Moreover, they offer several benefits, such as preventing product contamination, extending the shelf life of the product, and ensuring precise product dispensing.

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Some of the leading players catering to the rising demand for global acrylic airless bottle are 

  • Radcom Packaging Private Limited,
  • AptarGroup, Inc.,
  • Fusion Packaging Solutions Inc.,
  • Libo Cosmetics Company, Ltd.,
  • HCP Packaging USA Inc.,
  • Albéa S.A,
  • Raepak Ltd.,
  • Lumson SPA,
  • Quadpack Industries, S.A., and
  • Silgan Dispensing Systems.

Global Acrylic Airless Bottle Market – Dynamics:

The global acrylic airless bottle market is influenced by the personal care and cosmetic industry, globally. Acrylic airless bottle implements an easy mechanism for the storage of liquefied solution and?active emulsions?by its opening. Acrylic airless bottle reduces the waste of product, due to its specified opening and closing of the bottle. It helps to increase the shelf-life of the product and is expected to increase the demand.

The acrylic airless bottle gives the product a?luxury?and aesthetic appearance that attract the customer. Premium quality personal care and cosmetics product manufacturers use the acrylic airless bottle to increase the value and appearance of the product.

The acrylic material used to manufacture?airless bottle, due to its rigid nature and can be easily molded according to the desire of the end user. The cosmetic product is rarely exposed to sunlight, oxygen, and microbes so that it can be protected from spoilage. Acrylic airless bottle help to keep the cosmetics away from all the external contamination that are expected to change the characteristics of the product.

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Factors Driving the Acrylic Airless Bottle Market

The Acrylic Airless Bottle Market is primarily driven by the increasing demand for premium cosmetic packaging solutions. Additionally, the growing awareness of the benefits of airless packaging, such as preventing product contamination, extending the shelf life of the product, and ensuring precise product dispensing, is driving the market’s growth. Moreover, the rise in e-commerce sales has increased the demand for reliable and sustainable packaging solutions, further boosting the market’s growth.

Innovations in the Acrylic Airless Bottle Market

The Acrylic Airless Bottle Market is witnessing several innovations and developments. One of the recent innovations in the market is the use of eco-friendly materials in the production of acrylic airless bottles. Several companies are focusing on developing sustainable packaging solutions that are environmentally friendly and can be recycled or reused. Moreover, the use of advanced technologies such as 3D printing and digital printing is also gaining popularity in the market. These technologies allow for faster production and customization of packaging solutions, thereby catering to the increasing demand for personalized packaging solutions.

Recent Developments in the Global Acrylic Airless Bottle Market

  • In May 2017, Rusi Cosmetic GmbH & Co. KG. Acquired by HCP Packaging.
  • In January 2016, Mega Airless acquired by AptarGroup, Inc. it will help AptarGroup to expand its product portfolio.
  • In February 2019, Architectural Beauty acquired by Fusion Packaging a cosmetics and skincare development company. Fusion Packaging named it as Fusion PKG Beauty Lab (Turkey)

Key Offerings:

  •          Market Size & Forecast by Revenue | 2023−2033
  •          Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  •          Market Segmentation – A detailed analysis By Mounting Type, By Application, By Voltage, By End-User, And By Region
  •          Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Heart Block Therapeutics Market is expected to increase at a rate of 4.3%, reaching a value of US$ 4.8 Billion by 2032

The global Heart Block Therapeutics Market size is expected to reach US$ 3.1 Billion by 2022 and US$ 4.8 billion by 2032, according to a recent market survey conducted by Future Market Insights (FMI). Pacemakers will be in high demand in the market, according to the report’s findings, because they will generate the majority of revenue. Pacemaker revenue increased at a CAGR of 4.8% between 2015 and 2021.

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Older Populace Swells Worldwide, Propels the Global Demand for Heart Block Therapeutics

According to the United Nations Department of Economic and Social Affairs, the population of persons aged 60 and above is predicted to reach 437 million in China, 324 million in India, 107 million in the United States, and 58 million in Brazil by 2050. As a result, the worldwide Heart Block Therapeutics market is expanding as the elderly become more sensitive to heart-related disorders. According to the World Health Organisation (WHO), roughly 524 million individuals were categorised as geriatric in 2010, and nearly 2 billion would be classified as geriatric by 2050.

The US Continues Being the Largest Revenue Stream for Heart Block Therapeutics Market

The market for heart block therapies in the United States is estimated to reach US$ 1.7 billion by 2032. From 2015 to 2021, market revenue in the United States increased at a CAGR of 4.7%, and it is predicted to expand at a CAGR of 4.1% between 2022 and 2032. The combination of novel treatment technology, digital solution uptake, and shifting provider and care delivery shifts offers great development potential for the US Heart Block Therapeutics Industry. The US is estimated to be a market with a US$ 570.5 Million absolute dollar opportunity between 2022 and 2032.

“Introduction of artificial intelligence technology in the Heart Blockage surgeries will be the biggest step towards increasing the revenue growth of Heart Block Therapeutics Market” comments an analyst at Future Market Insights.

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Heart Block Therapeutics Market: Competition Insights

The key companies dominating the Heart Block Therapeutics Market are St. Jude Medical, Medtronic, Bristol Myers Squibb, Novartis AG, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Edward Lifesciences Corporation, Abbott Laboratories, Natco Pharma, Pfizer Inc., Bayer AG, Astra Zeneca, Sanofi, Merck & Co., Inc., Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd.

Some of the recent developments by the key providers of Heart Block Therapeutics are as follows:

  • Bristol Myers Squibb announced in April 2022 that their oral heart disease medicine Mavacamten has gained FDA approval for the treatment of hypertrophic cardiomyopathy, a hereditary heart disease that causes sudden cardiac arrests in young individuals.
  • In June 2020, Edward Lifesciences Corporation (USA) announced that the SAPIEN 3 Trans catheter heart valve had been approved in China for the treatment of patients with severe and symptomatic aortic stenosis (AS) who are unable to undergo open-heart surgery.
  • Medtronic (USA) received US Food and Drug Administration clearance in September 2019 for its Next Generation Evolut PRO+ TAVR System for the Treatment of Symptomatic Severe Aortic Stenosis in Patients. The Evolut PRO+ TAVR System includes four valve sizes as well as an external pericardial tissue wrap that provides advanced sealing for the widest indicated patient treatment range and lowest delivery profile currently available on the market.
  • Abbott (USA) received US Food and Drug Administration clearance for Anthos Therapeutics for Cardiovascular Drug Development in March 2019, with the goal of advancing next-generation targeted therapies for high-risk cardiovascular patients.
  • Novartis AG and Blackstone’s Life Sciences announced the formation of Anthos Therapeutics in February 2019 to develop cardiovascular drugs. Novartis has licenced to Anthos MAA868, an antibody directed at Factor XI and XIa, key components of the intrinsic coagulation pathway, as part of this launch.
  • Natco Pharma, based in India, announced the launch of valsartan sacubitril, a cardiovascular drug used to treat congestive heart failure in patients, in January 2019.

More Insights Available

Future Market Insights presents an unbiased analysis of the Heart Block Therapeutics Market in its new offering, presenting historical market data 2017 to 2021 and forecast statistics for the period 2022 to 2032.

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Key Segments Covered in Heart Block Therapeutics Market Survey

By Type:

  • First Degree Heart Blocks
  • Second Degree Heart Blocks
  • Third Degree Heart Blocks

By Product:

  • Transcutaneous pacing (TCP)
  • Pacemaker
  • Mediation
  • Follow-up electrophysiology study

By End User:

  • Hospital Testing
  • Home Treatment
  • Clinics
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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,
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For Sales Enquiries: sales@futuremarketinsights.com
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