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Nephrostomy Devices Market Opportunities Incredible Potential, Stagnant Progress According to New Research Report

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Global Nephrostomy Market: Overview    

Nephrostomy surgical procedure is used to remove blockage from the kidney. The global nephrostomy market is expected to grow in the near future. This is mainly due to factors such as increasing incidence of lifestyle related diseases, technological advancement and improving health care infrastructure. Apart from this, rise in geriatric population is also projected to contribute to the growth of the global nephrostomy market. 

The global nephrostomy market can be divided based on end user, product type and geography. Based on end user, the global nephrostomy market can be classified into specialty clinics, hospitals and ambulatory surgical centers. Among all of them hospital segment are anticipated to hold key shares in the market. This is mainly due to the availability of skilled personnel in hospitals. Based on product type, the global nephrostomy market can be categorized into nephrostomy tubes, catheters, sheath dilators, needles, leading wires, retrieval devices, percutaneous access and drainage devices and others.

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Global Nephrostomy Market: Market Potential and Key Trends 

One of the major drivers of the global nephrostomy market is high adoption of minimally invasive surgical procedure. In addition to this, the rise in the reimbursement coverage of  kidney diseases in private and government insurance is a major factor boosting the global nephrostomy market. Owing to this, patients have fewer difficulties pertaining to high cost of the procedure. Apart from this, rise in educational workshop to train urologists to hone skills required for nephrostomy is aiding the nephrostomy market. Despite so many drivers, rising awareness of side effects of the procedure are expected to hinder growth of the market. Some of common side effects are post surgery infection, hemorrhage and tube dislodgement. Nevertheless, lesser operation time as compared to open surgery is expected to boost the global nephrostomy market. 

Global Nephrostomy Market: Geographical Outlook 

The global nephrostomy market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among all of them, North America is projected to dominate the global nephrostomy market in terms of revenue over the forecast period. This is mainly due to the presence of key players, and easy availability of complex surgeries procedure in the region. Increasing investment by several governments in the region for research and development of advanced equipment and procedure is expected to propel growth of the global nephrostomy market. Asia Pacific, is projected to witness high growth in the upcoming years. This is mainly due to the rising prevalence of kidney diseases in the region.

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Global Nephrostomy Market: Competitive Landscape 

The global nephrostomy market depicts a highly competitive and fragmented vendor landscape. This is mainly due to the presence of several big and small players in the global market. Key players operating in the global nephrostomy market include Stryker, Cook, C. R. Bard, Inc., Medtronic, Boston Scientific Corporation, Dornier MedTech, UreSil, LLC, Rocamed, and Amecath.

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posted Feb 13 by Bella Watson

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Transparency Market Research (TMR) has published a new report titled, “Cardiac Arrest Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027”. According to the report, the global cardiac arrest treatment market was valued at US$ 2,650.0 Mn in 2018 and is projected to expand at a CAGR of 4.4% from 2019 to 2027. The global market is driven by increase in awareness & acceptance of cardiac arrest treatment and rise in prevalence rate of sudden cardiac arrest.

The global cardiac arrest treatment market has been segmented based on treatment, sales channel, and region. In terms of treatment, the market has been categorized into drugs and medical devices. The drugs segment has been classified into vasopressors, anti-arrhythmic drugs, anticholinergic drugs, corticosteroids, fibrinolytic drugs, beta blockers, and others (sodium bicarbonate, crystalloids, colloids, etc.). The medical devices segment has been divided into defibrillators, cardiac resynchronization therapy (CRT), and others. Based on sales channel, the global cardiac arrest treatment market has been classified into hospitals, independent pharmacies, and others.

The global cardiac arrest treatment market is driven by increase in incidence of cardiovascular diseases, rapidly aging baby boomer population, and rise in availability of emergency medical services centers. Awareness campaigns by government and non-profitable organizations have resulted in modest, yet steady growth of the global market. The Government of British Columbia (B.C.) in collaboration with the Heart & Stroke Foundation and the American Heart Association & Cardiac Society of Australia New Zealand has come up with various campaigns and training programs to spread awareness about the importance of defibrillators during sudden cardiac arrest. 

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Increase in Incidence of Cardiovascular Diseases and Rise in Geriatric Population to Boost Demand for Cardiac Arrest Treatment

Cardiovascular diseases (CVD) are the major cause of death across the world and account for higher number of deaths than those caused by cancer and AIDS in the U.S. and some countries in Europe. CVDs account for over 17.6 million deaths across the globe each year and the number is expected to reach to 23.6 million by 2030. According to the Heart Rhythm Society, of the 300,000 deaths in the U.S., 75% people have had a prior cardiac arrest experience and 80% have had symptoms of coronary artery disease. Globally, primary causes of sudden cardiac arrest include increase in incidence of obesity, smoking, physical inactivity, diabetes, and unhealthy diet.

Increase in the geriatric population is a major driver of the global cardiac arrest treatment market. Elderly individuals increase the patient pool in major regions of the world. According to World Health Organization (WHO) estimates, the global geriatric population is likely to reach 2 billion (22% of the global population) by 2050, which was around 962 million in 2017. The global geriatric population is expected to increase at the fastest rate in developed countries such as the U.S., the U.K., and Japan.

Brazil, China, Thailand, and South Korea are expected to have a large geriatric population in the shortest span of time in the near future. This increase in the geriatric population is anticipated to boost the growth of the market, as the population is more prone to various age-related as well as chronic diseases. The need of cardiac arrest treatment among such patients is relatively higher, which increases demand for advanced cardiac arrest treatment.

Defibrillators Sub-segment to Grow at a Rapid Pace

The report offers detailed segmentation of the global cardiac arrest treatment market based on treatment and sales channel. The defibrillators sub-segment is expected to expand at a significant CAGR during the forecast period. Increase in the global geriatric population and rise in incidence and prevalence of sudden cardiac arrest are projected to boost the sub-segment from 2019 to 2027. Additionally, rise in disposable income is anticipated to increase the number sudden cardiac arrest patients owing to sedentary lifestyle. However, slow replacement demand for branded automated external defibrillators for sudden cardiac arrest and low availability of automated external defibrillators in emerging countries are anticipated to restrain the defibrillators sub-segment during the forecast period

North America Dominated Global Cardiac Arrest Treatment Market

North America was the leading market for cardiac arrest treatment in 2018. According to the National Conference of State Legislatures, around 250,000 people in North America succumb to sudden cardiac arrest (SCA). In North America, acceptance of medical devices such as defibrillators and cardiac resynchronization therapy (CRT) has increased in the past few years. These factors are projected to contribute to the growth of the cardiac arrest treatment market in the region. 

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Key Players Operating in Global Cardiac Arrest Treatment Market

The report also provides profiles of leading players operating in the global cardiac arrest treatment market. These include Amgen, Inc., Pfizer, Inc., Johnson & Johnson, Novartis AG, Bristol-Myers Squibb Company, Abbott, Bayer AG, Koninklijke Philips N.V., GE Healthcare, Physio-Control, Inc. (Stryker), Boston Scientific Corporation, Cardiac Science Corporation (Aurora Capital Group), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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Congenital Heart Disease Treatment Market: Introduction

  • Congenital heart disease is a structural heart issue existing at the time of birth. It is one of the most common types of birth defects across the globe.
  • In congenital heart disease, structure of the heart is developed abnormally. This includes defective heart valves, weak heart valves, and poor thickness of the heart arteries and veins. The abnormal heart structure leads to several complications such as low blood flow through the heart, blood flow in a wrong direction, and blockage of blood flow.

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  • Congenital heart disease can be diagnosed through physical examination and special heart tests. It can also be diagnosed during pregnancy.
  • Common symptoms of congenital heart disease include poor blood circulation, rapid breathing, cyanosis, and fatigue. Most patients with the congenital heart disease show very less or no symptoms at early stages of the disease.
  • The treatment of congenital heart disease includes use of drugs, catheter procedure, surgery, and heart transplant.

Global Congenital Heart Disease Treatment Market: Key Drivers

  • The global congenital heart disease treatment market is primarily driven by rise in the rate of incidence of congenital heart disease and launch of new products across the globe. The Centers for Disease Control and Prevention (CDC) estimates that one million children and one million adults in the U.S. are living with congenital heart disease currently.
  • Also, advancements in early diagnosis of congenital heart disease and availability of new therapeutic drugs are likely to fuel the global congenital heart disease treatment market during the forecast period
  • The family history of congenital heart disease and presence of underlying medical conditions, such as rubella, Type-1 diabetes, and Type-2 diabetes, during pregnancy increase chances of developing congenital heart disease in babies.

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ACE Inhibitors Segment to Dominate Global Market

  • Based on drug class, the global congenital heart disease treatment market can be divided into angiotensin-converting enzyme inhibitors (ACE inhibitors), angiotensin receptor blockers, antiarrhythmics, anticoagulants, antiplatelets, beta blockers, bosentan, digoxin, diuretics, sildenafil, and warfarin. The ACE inhibitors segment is anticipated to dominate the global market during the forecast period.
  • ACE inhibitors are most commonly used for the treatment of high blood pressure and congestive heart failure. The most commonly prescribed ACE inhibitors are captopril, enalapril, lisinopril, ramipril, and trandolapril.

Retail Pharmacy Segment to Dominate Global Market

  • In terms of distribution channel, the global congenital heart disease treatment market can be segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The retail pharmacy segment is projected to dominate the global congenital heart disease treatment market during the forecast period.
  • Easy availability of drugs for the treatment of congenital heart disease at retail pharmacy stores, presence of a large number of retail pharmacy stores across the globe, and rapidly growing number of retail pharmacy chains are factors responsible for the leading share of the retail pharmacy segment.

Congenital Heart Disease Treatment Market in Asia Pacific to Expand Rapidly

  • In terms of region, the global congenital heart disease treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period. However, the region is anticipated to lose market share by 2027.
  • High prevalence of congenital heart disease among people in the U.S., technological advancements in early diagnosis of the disease, and increase in awareness about congenital heart disease in the region are projected to drive the market in North America from 2019 to 2027
  • The congenital heart disease treatment market in Asia Pacific is projected to expand at a high CAGR during the forecast period, owing to rapid increase in the number of patients with congenital heart disease, high prevalence of diabetes in densely populated countries such as India, China, and South Korea, and rapidly improving health care infrastructure in the region.

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Key Players Operating in Global Market

The global congenital heart disease treatment market is highly fragmented, with a large number of global players accounting for a major share of the market in respective regions. Key players operating in the global congenital heart disease treatment market are:

  • Novartis AG
  • Bayer AG
  • Merck & Co. Inc.
  • Johnson & Johnson
  • Pfizer Inc.
  • Amgen Inc.
  • Bristol-Myers Squibb Company
  • Abbott
  • Orion Corporation
  • Cardiorentis Ag

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The global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017. It is projected to expand at a compound annual growth rate (CAGR) of more than 17.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Wearable Medical Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. Expansion of the health care industry, government initiatives, increase in health care expenditure, rise in product approvals, and increase in patient population are projected to augment the global market from 2018 to 2026.

North America and Europe are likely to account for a dominant share of the global wearable medical devices market, owing to the presence of key players in these developed regions as well as high rate of adoption of technologically advanced wearable medical devices in these regions. Development of health care infrastructure and high medical expenditure by governments in emerging economies, such as China and India, are likely to boost the wearable medical devices market in Asia Pacific at a CAGR of 18.8% from 2018 to 2026.

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Large number of innovators and early adopters to propel market

The wearable technology is trendy; most users who purchase such products are innovators and early adopters. Large population of innovators and early adopters in developed countries and increasing number of people in this group in developing countries are likely to drive the market. Rising number of sports and fitness enthusiasts are seeking new ways to monitor their health. These early adopters are more concerned about their health and fitness. Hence, demand for the wearable medical devices is rising among this group. Large portion of the population in the U.S. and Canada falls under the group of early adopters. This results in rapid market penetration of wearable medical devices in the region.

Increasing incidence of chronic pain and high population of diabetic patients

Demand for wearable medical devices such as transcutaneous electrical nerve stimulation (TENS) and pulsed electromagnetic field therapy (PEMF) devices has increased significantly due to a rise in the cases of chronic pain. According to IDF (international Diabetes Federation), about 415 million people suffered from diabetes worldwide in 2015. It also states that one out of eleven adults is a diabetic. Rising number of people are suffering from diabetes due to the increased intake of unhealthy diet, sedentary lifestyle, and obesity. This can lead to serious complications such as kidney failure, heart diseases, and stroke. Thus, health of such people needs to be monitored on periodically. This fuels the demand for glucose monitoring devices. Diabetic patients are also at a risk of premature death due to cardiovascular diseases. This generates the need for wearable devices that can allow continuous cardiovascular monitoring at home and in clinics.

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High cost of devices may hamper market growth in emerging countries

Wearable medical devices are largely utilized for health applications, particularly by patients suffering from chronic conditions. These are also used by athletes in their daily sports and fitness related activities. However, the high price of these devices remains a major issue, especially in developing countries. Thus, high price acts as a major barrier in the adoption of wearable medical devices. The cost of wearable medical devices that are being marketed currently ranges from US$ 150 to US$ 1000; it could even be higher. Wearable medical devices can be considered an unnecessary luxury in most developing nations across the world. Industry experts suggest the expansion of the economy of these regions would lead to rise in market share in the near future. However, high price of these devices is likely to prove to be a challenge for the middle and low income groups in developing countries, considering the falling value of their currency.

Asia Pacific market to expand significantly

Countries in Asia Pacific, such as China, Japan, and India, have a large diabetic population. Companies such as Pancreum and Omnipod can target this population base to expand their market share. According to major studies conducted across the globe, people in Asia are at a higher risk of suffering from Type II diabetes. The diabetic population is expected to increase consistently in the next few decades. According to the International Diabetes Federation (IDF), more than 382 million people across the globe, currently, suffer from diabetes. Thus, the high prevalence of diabetes and improvement in economic conditions are anticipated to propel the wearable devices market in Asia Pacific.

Apple Inc., Xiaomi Technology Co., Ltd, and Fitbit, Inc. to lead market

The report also provides profiles of leading players operating in the global wearable medical devices market. They include Xiaomi Technology Co., Ltd, Samsung Electronics Co. Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., Huawei Technologies Co., Ltd., Polar Electro, OMRON Corporation, Activinsights Ltd., and VitalConnect. Increase in mergers & acquisitions, strategic collaborations, and new product launches are expected to drive the global market during the forecast period. Additionally, strong product portfolio, high brand recognition, and strong geographic presence are expected to boost the market during the forecast period.

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Transparency Market Research (TMR) has published a new report titled, “Parenteral Nutrition Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global parenteral nutrition market was valued at US$ 5,299.5 Mn in 2017. It is projected to expand at a CAGR of 4.7% from 2018 to 2026. High prevalence of chronic disorders, rise in cases of malnutrition, and new product approvals are anticipated to drive the global market in the next few years.

North America is expected to dominate the global parenteral nutrition market during the forecast period, followed by Europe. High prevalence of malnutrition in hospitalized patients, increase in the geriatric population, and approvals of novel parenteral nutrition combination in the U.S. and Europe are likely to drive the parenteral nutrition market in these regions during the forecast period. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period.

High prevalence and increase in incidence rate of chronic diseases to drive market

High prevalence and rise in incidence rate of chronic diseases across the globe is a key factor driving the global parenteral nutrition market. The rise in cancer, AIDS, diabetes, Crohn’s disease, gastro-intestinal disorders, and short bowel syndrome cases has also fuelled the consumption of parenteral nutrition in recent years. For instance, according to International Agency for Research on Cancer (IARC), around 18.1 million new cases and 9.6 million deaths are estimated to have occurred in 2018.

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Moreover, the National Kidney Foundation stated that around 10% of the world’s population is affected by chronic kidney disease each year. The Centers for Disease Control and Prevention also noted that more than 30 million people in the U.S. have chronic kidney disease in the year 2017. Thus, the high prevalence and substantial rise in incidence rate of chronic diseases across the globe is a key factor driving the global parenteral nutrition market.

Parenteral lipid emulsions to propel the parenteral nutrition market

The report offers a detailed segmentation of the global parenteral nutrition market based on different types of nutrition administered to the patients. Based on type of nutrition, the global market has been segmented into carbohydrates, parenteral lipid emulsions, single dose amino acid solutions, trace elements, electrolytes, & minerals, and vitamins. Infusion of lipid emulsions delivers high energy supply, facilitates the prevention of high glucose infusion rates, and is necessary for the supply of essential fatty acids. Expansion of the parenteral lipid emulsions segment is due to its potential benefits to use as a drug delivery vehicle.

For instance, administration of lipid emulsions act as essential drug carriers, which results in reduced pain, irritation, and prevention of thrombophlebitis. Moreover, lipid emulsions containing a mixture of medium and long chain triglycerides (MCT/LCT) have proven to be highly effective in critically-ill patients. This mixture of lipid emulsion does not hamper the functioning of the liver and causes minimal interference with pulmonary hemodynamics. According to the Society of Critical Care Medicine, 5.7 million patients are admitted to the intensive care unit in the U.S. every year. Most of these include critically-ill patients who need high level of acute care. Thus, rising number of critically-ill patients is likely to boost the lipid emulsions segment during the forecast period.

Asia Pacific offers high incremental opportunity

The parenteral nutrition market in Asia Pacific is projected to expand at a notable CAGR of 7.9% during the forecast period. High prevalence of chronic kidney disorders in highly populated countries, such as China and India, rapid improvement in health care infrastructure, increase in access to health care facilities, and rise in per capita health care expenditure in the region are likely to fuel the market in Asia Pacific during the forecast period. Large base of pharmaceutical companies in countries such as India, Japan, and China also drives the market in the region. Emerging economies and expansion of pharmaceutical markets in countries, such as China, India, Indonesia, Singapore, Taiwan, and Thailand are expected to propel the market in Asia Pacific. Rising cases of preterm birth, which leads to malnutrition, is a key reason fuelling the consumption of parenteral nutrition in Asia Pacific.

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Key trend of new product development and commercialization to strengthen parenteral nutrition product portfolio

The global parenteral nutrition market is highly consolidated, with a few global players accounting for a major share in respective regions. Leading players in parenteral nutrition are trying to seek approvals for their new parenteral nutrition formulations from concerned authorities, such as the U.S. FDA, in order to launch new products in the market. This effort is focused at both grabbing new market shares and providing for the deficit of parental nutrition in developing regions. The leading players shaping the vendor landscape of the global parenteral nutrition market are Sichuan Kelun Pharmaceutical Co., Ltd., Allergan plc (Actavis plc), Fresenius Kabi AG, Grifols S.A., Baxter International, Inc., Claris Lifesciences Limited, and B. Braun Melsungen AG, and Pfizer, Inc.

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In a recent report by Transparency Market Research (TMR), the vendor landscape for global pulmonary arterial hypertension (PAH) market is highly opportunistic. Since PAH has no permanent cure, the market is gaining popularity. A key factor to boost the growth of the PAH market is the availability of several treatment options for slowing down the spreading of the diseases, control symptoms, and enhancing the quality of life of patients.

Some of the leading players of the global market for PAH are United Therapeutics Corp., Novartis International AG, Pfizer Inc., Gilead Sciences Inc., and GlaxoSmithKline Plc. The key drugs available in the global market are PDE-5 inhibitors, ERAs, prostacyclin analogs, sGC stimulators, and Prostacyclin with ERAs contributing larger shares for revenue. 

As per the TMR report, the global pulmonary arterial hypertension market is estimated to exhibit an impressive CAGR of 17.90% within the forecast period of 2014 to 2020. The value is presumed to be at US$5.19 bn by the end of the forecast period. North America is anticipated to account for a king’s share during the forecast period followed by Europe. This is due to the high awareness about PAH treatments available that drives the growth of the market in both the regions.

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Asia Pacific to Witness Stable Growth with Increase in Preference for Generic Drugs  

The market is receiving a significant boost with the existence of promising pipelines and effective drugs approvals in present times. This is also acting as a primary factor in the growth and development of the pulmonary arterial hypertension market. The government is also taking active initiatives that are acting in favor of the PAH market growth.

According to a TMR, the license expiry of some blockbuster drugs are making way for generic drugs penetration. The increased sales of generic drugs adversely affect the overall revenue generation of the market since it is 70 to 80 per cent cheaper as compared to branded drugs. Cutting-edge therapies are developed for treating PAH. Therefore the future of pulmonary arterial hypertension market is presumed to be brighter in the years to come.

The market in Asia Pacific region is also presumed to be highly opportunistic in nature because of countries like China, Australia, Japan, New Zealand, and India, that has high growth rates. These emerging nations are estimated to be major global players in the future years.

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Patent Expiry of PAH Drug Remedies Affecting Market Growth in Negative Light

Pulmonary arterial hypertension does not have a permanent cure. Medications may only help to decrease the speed by which the disease spreads into the body. In most developing countries, people are unaware of the treatment. This acts as a hindrance in the growth of the PAH market. Apart from that, high cost of such remedies and license expiry may also add as barrier in the growth and development of PAH in the market.

However, the global PAH market is anticipated to see growth in the coming years due to a number of factors like increase in the number of obese population, rise in the healthcare expenses, and ageing population. Growing population of women and their rising health complexities also gives way to PAH market for growth since PAH mostly result from high blood pressure in the lungs. This may further lead to other diseases like obstructive sleep apnea (OSA), and diastolic heart failure, hence creating vast opportunities for PAH market to grow. The key trends in this market are consumption of junk food items, continuous support provided by the government and increase in the number of cardiovascular diseases.

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