The companies in the Latin America (LATAM) cord blood banking services are operating amidst highly competitive environment. Considering their presence in large numbers, the LATAM cord blood banking services market exhibit a highly fragmented vendor landscape, finds Transparency Market Research (TMR) in a new study. “While there is distinction between private and public cord blood banking services, it is expected to have little impact on easing the competitive trends,” said a lead TMR analyst.
Private cord blood banks offer services to individual families in return of annual payment, while public banks cater to the general population. There is little difference in storage technologies between private and public banks. However, the method of collecting samples varies as private banks give collection kits to patients who in turn give them to obstetricians. Among the companies that succeeded leaving a mark, Banco de Cordon Umbilical (BCU), America Cell Biobank, Inc., Redcord S.A., and CrioCenter have established a strong presence in the LATAM cord blood banking services market.
This 91 page report gives readers a comprehensive overview of the LATAM Cord Blood Banking Services Market. Browse to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/latam-cord-blood-banking-services-market.html
TMR forecasts, the market to exhibit a CAGR of 9.4% between 2015 and 2023. At this pace, the LATAM cord blood banking services market will reach US$445.4 mn by the end of 2023, from its valuation of US$196.9 mn in 2014. Based on storage type, the rising incidence of genetic diseases and better apprehension of such disorders considering the availability of high-end diagnostic techniques has rendered dominance to the private cord blood banking services segment. Country-wise, Argentina, Brazil, Mexico, and Columbia are expected to offer the most lucrative opportunities for the players operating in the Latin America cord blood banking services market.
Favorable Government Initiatives to Support Market’s Growth
In the last few years, the world witnessed a surge in cord blood banking practice, thanks to recent advancements in stem cell therapy research. Also rapidly evolving technology and infrastructure in most economies is paving way for the market’s growth in Latin America. It is important to note here that a majority of cord blood banks in Latin America are buoyed by government funding. However, with the foray of several private players, the dynamics of the LATAM cord blood banking services market is altering fast. Considering pace of gains witnessed by the market players, expert foresee the entry of several companies in the coming years.
A majority of the established players in the Latin America cord blood banking services market also have established their presence in the field of engineering, stem cell development, and non-invasive prenatal tests. Furthermore, countries across Latin America are focusing on mitigating drawbacks in public and private cord blood banking by implementing hybrid models. Spurred by these factors the LATAM cord blood banking services market is expected to report strong growth in the forecast period.
A considerable number of companies operating in the LATAM market are thus involved in storing the cord blood samples in two portions. While one portion is stored for the child or solely its family members, the other portion is kept available as public donation. Considering the rising incidence of chronic ailments and increase stem cell researches, the demand for cord blood kept for public donation is likely to rise in the coming years. This will give impetus to the market in the coming years.
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Stringent Regulation Compliance May Restrict Market’s Growth
On the down side, public and private cord blood banks require accreditation and regulation compliance from authorities as they apprehend life risk, if the industry is left inadequately regulated. Any discrepancy at any stage could adversely impact clinical product supplies. Stringent regulations implemented to monitor the activities of cord blood banks could have an adverse impact on the market. Nevertheless, rising research spending and favorable government initiatives adopted to promote public healthcare will aid in market’s expansion in the coming years.
This review is based on a TMR report, titled “Cord Blood Banking Services Market (Storage – Private Cord Blood Banking Services and Public Cord Blood Banking Services) – LATAM Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”
The prominent companies operating in the global personal mobility devices market are Invacare Corporation, Hill-Rom Holdings, Inc., and Sunrise Medical LLC. A number of innovative, new, and technologically developed personal mobility products are being introduced and marketed by players in this market, as per Transparency Market Research (TMR). Furthermore, the market has huge count of equipment and raw material suppliers for making a wide range of accessories and personal mobility devices. This market is consolidated in developed markets but stays fragmented in majority of the developing markets with the dominance of numerous small regional players.
This 239 page report gives readers a comprehensive overview of the Personal Mobility Devices Market. Browse through 61 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html
The global personal mobility market stood at US$6,655.7 mn in 2014 and is predicted to reach US$12,722.6 mn by 2023, expanding at a 7.30% CAGR between 2015 and 2023. Wheelchairs emerged as the top sub-segment in the medical mobility aids and ambulatory devices segment and held a share of 52.7% in the market in 2014. This segment is also poised to witness the most exponential growth rate of 19.40% between 2015 and 2023. The reasons for the increased development of this sub-segment include diseases or physical injuries coupled with rising awareness and a skyrocketing demand for technologically developed devices globally. The sub-segment of mobility scooters held the second position in the market and accounted for a share of 19.8% in the medical mobility aids and ambulatory devices segment in the same year.
Medical Beds Led Medical Furniture and Bathroom Safety Product Segment with a Share of 53% in 2014
The sub-segment of medical beds was the market leader in the medical furniture and bathroom safety products segment and held a share of 53.0% in 2014. The increasing count of disabled population, the growing aging population, and the increasing adoption of fully equipped and patient-friendly medical beds globally are the main factors behind the exponential growth of this sub-segment. On the other hand, the sub-segment of patient lifts is expected to exhibit an exponential 3.20% CAGR between 2015 and 2023. The reasons for the development of this segment include the globally rising aging population and the high adoption of technological developed patient lifts and lifting systems.
On the basis of geography, the North America personal mobility devices market held the top position and constituted a share of 41.4% in 2014. The growth of the market in this region is poised to rise at a 6.80% CAGR between 2015 and 2023. The growing count of individuals with different kinds of disabilities, huge demand for cutting-edge devices, and increasing affordability of individuals residing in North American nations will work in favor of the growth of the market in this region. Europe trailed North America and held the second position in the market with a share of 31.4% in the same year, while the region of Asia Pacific constituted the third position in the market. The Asia Pacific personal mobility devices market is also predicted to exhibit the swiftest CAGR of 9.50% between 2015 and 2023 owing to increasing proliferation of global companies and increasing awareness amongst people in Asia Pacific nations.
Low Acceptance Rate in Developing Economies to Inhibit Market Development
The increasing geriatric population and disabled population globally is a key factor driving the global personal mobility devices market. “Aging demands the need for expensive long-term caregiving services which the middle class population cannot afford”, says a TMR analyst. Hence, the demand for equipment such as bathroom support systems, medical furniture, and mobility devices is on the rise, propelling the overall personal mobility devices market.
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In addition, the increasing regulations posed by governments and grants from international organizations will work in favor of the market’s development. Furthermore, a number of technological developments taking place in this market will also bode well for the growth of the personal mobility devices market. However, the soaring prices of personal mobility devices and decreased acceptance in some of the economies owing to social stigma may come up as key barriers in the growth of this market.
Nonetheless, the rising productive employment of disabled population in some of the developed nations may emerge as a key opportunity in this market, states a TMR analyst
This information is based on the findings of a report published by Transparency Market Research titled, “Personal Mobility Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”
In order to ensure high product differentiation, the leading players in the global mice model market are focusing on extensive research and development. Transparency Market Research (TMR) observes that the rising trend of outsourcing mice models to pharmaceutical companies and contract research organizations (CRO) in emerging markets has increased competition as well as market growth. The leading players in the global market are Charles River, The Jackson Laboratory, Harlan Laboratories, and Taconic Biosciences Inc.
The global mice model market was valued at US$1.06 bn in 2015 and is expected to reach US$1.74 bn by 2023, rising at a CAGR of 6.4% between 2015 and 2023. By specialty, the metabolism and regulation segment dominated the market in terms of revenue in 2015. However, oncology will surpass this segment by 2016. The increasing incidence of cancer and the high overall cost of cancer are constantly pushing companies to develop more efficient therapeutics. This, in turn, has increased the demand for mice models in the field of oncology. The diabetes segment is expected to exhibit a noteworthy CAGR of 10.4% during the forecast period owing to the rising prevalence of diabetes.
This 155 page report gives readers a comprehensive overview of the mice model market. Browse through 20 data tables and 79 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/mice-model-market.html
Presence of Large Number of Research Institutions to Put North America at Forefront
North America will continue to remain the leading geographical segment until 2023, reaching a valuation of US$785.4 mn that year. The presence of a large number of biopharmaceutical companies and research institutions has been instrumental in driving the growth of the region. Asia Pacific is likely to expand at a CAGR of 11.1% during the same period. Factors such as rising healthcare expenditure, improving research infrastructure, and conducive regulatory environment are contributing to the growth of the Asia Pacific mice model market.
Launch of Advanced Mice Models to Stimulate Market Growth
In the past few years, the market has experienced an influx of several mice models. “The development of advanced mice models is not only boosting the application, but also the applicability of these models for complex diseases,” says TMR’s lead analyst. For instance, in 2015, the ALS Association-funded project created a mouse model of the disease using the mutant C9orf72 gene. The model is expected to be highly valuable in studying the disease process and testing therapies against this form of the disease. The development of such models is augmenting market as well as attracting funds for biomedical research. Moreover, the introduction of personalized in vivo analysis mice models, fueled by the need for fast and accurate treatment, is bolstering the growth of the global market.
Rising Concerns Regarding Animal Use to Take its Toll on Mice Model Market
Globally, the increasing concerns regarding the usage of animals for research and teaching purposes are restraining the growth of the mice model market. Several international social organizations such as PETA believe that the use of animals is morally unacceptable and it should be banned. TMR predicts that the agitation against animal use would grow further in the future, which might slow down the growth of the animal research industry.
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With so many sophisticated non-animal product tests now available, companies are looking for alternative tools that are faster and more cost-effective than animal tests. Although these technologies are still in development phases, these would hamper the growth of the animal research industry.
The information presented in this review is based on a Transparency Market Research report, titled,“Mice Model Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023.”
Transparency Market Research (TMR) has announced the addition of a new market study on the global remote patient monitoring devices market. The report analyzes the drivers and restraints of the market. The report is titled “Remote Patient Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
As per the findings of the report, the global remote patient monitoring devices market, which was valued at US$0.38 bn in 2013, will rise to US$0.98 bn by 2020, exhibiting a CAGR of 14.2% from 2014 through 2020. An increase in the prevalence of chronic diseases such as diabetes and arthritis and rising healthcare expenditure are expected to drive the global remote patient monitoring devices market.
This 95 page report gives readers a comprehensive overview of the Remote Patient Monitoring Devices Market. Browse through 12 data tables and 29 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/remote-patient-monitoring-devices-market.html
Remote patient monitoring is a type of healthcare service that allows for a patient to use a medical device to monitor and perform a routine test and send the result of the test in real time, to healthcare professionals. In line with the recent trend of patients desiring home care, remote patient monitoring devices have been developed to eliminate the need for frequent visits to hospitals. Thus, remote patient monitoring devices allow for a more customized treatment or post treatment plan.
The global remote patient monitoring devices market is impelled by the rising incidence of chronic diseases such as osteoporosis, respiratory diseases, heart diseases, diabetes, and others. The rise in the geriatric population across the world is driving the global remote patient monitoring devices market. Hospitals are constantly faced with a mounting load to admit patients when there is lack of vacant rooms. Remote patient monitoring has emerged as a solution for hospitals to continue admitting new patients while still offering competitive and effective healthcare services to patients. This alternative is also gaining preference among patients who wish to avail treatments at their own households.
On the other hand, the unwillingness of patients to have their health monitored and tracked on a daily basis acts as a challenge to the market’s growth. However, trust among patients is expected to increase with the rising adoption of these devices. The lack of reimbursement coverage will also impede the growth of the market.
The global remote patient monitoring devices market is segmented on the basis of end users, type, and geography. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is currently dominant in the global remote patient monitoring devices market in terms of revenue. It is expected to retain its dominance owing to aiding factors such as rising healthcare costs in the U.S., a growing number of aged people above 65, and the high prevalence of diabetes in the region. However, Asia Pacific is expected to witness the fastest growth in the market due to rising healthcare costs and booming medical tourism industry in Thailand and India.
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On the basis of type, the global remote patient monitoring devices market is segmented into heart monitors, breath monitors, physical activity monitors, hematology monitors, multi-sign monitors, body temperature monitors, and others. Of these, the heart monitors segment, specifically ECG devices, was the leading category in 2013.
The report profiles key companies operating in the global remote patient monitoring devices market. They are: AMD Global Telemedicine, Abbott Laboratories, F. Hoffman-La Roche Ltd., Honeywell HomMed LLC, Covidien plc, and Omron Healthcare Inc.
The presence of a multitude of local and global players renders the global compression therapy market highly fragmented, Transparency Market Research (TMR) says in a new report. Insufficient regulations for commercialization of products make for easy entry of new players making the market highly competitive as well.
Mergers and acquisitions is the focus of majority of companies operating in the global compression therapy market to strengthen their positions. The emerging economies of Asia Pacific and Latin America are also displaying attractive growth prospects.
“Adopting collaborative strategies is the way to leverage untapped opportunities that can translate into business gains,” says a TMR analyst. With growing population in China and India along with their increasing interest in sports and fitness, compression therapy product manufacturers stand a chance to obtain gainful opportunities in this market.
This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html
TMR estimates the global compression therapy market to be worth US$4.25 bn by 2024 increasing from US$2.6 bn in 2015 at a CAGR of 5.3% between 2016 and 2024.
Clinical Evidence Boost Sales of Static Compression Products
Based on technology, the global market for compression therapy is segmented into static and dynamic. Between the two, the segment of static compression products holds promising growth. Static garments are preferred by doctors for patient care owing to the clinical evidence that support their use. Patients also prefer static compression garments as they are made from comfortable materials and are aesthetically appealing. Other factors contributing to the uptake of static garments are affordability and easy availability.
In terms of product, compression pumps, compression stocking, compression tapes, and compression bandages are the segments into which the compression therapy market is segmented. Among these, compression stocking hold a sway with the product segment accounting for a whopping 43.1% of the market in 2015.
Geographically, North America presents maximum opportunity in the global compression therapy market. The region held a share of close to 47.2% in the global market in 2015 followed by Europe with a share of 32.2% in the same year. The U.S. provides ample growth opportunities to the market due to the widespread prevalence of obesity that ups the ante for vascular diseases.
Asia Pacific extends Lucrative Growth Opportunities
The emerging economies of Asia Pacific and Latin America present the ripest growth opportunities, says the TMR report. Tremendous potential for healthcare products in countries such as China, Mexico, Brazil, and India will present lucrative opportunities for companies vying for a significant share in the global compression therapy market. In emerging nations, advancement of healthcare services, increasing disposable incomes, and increasing prevalence of chronic diseases are expected to present robust growth opportunities for players in the compression therapy market.
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Compression therapy is considered as one of the most effective procedures for treating sports related injuries. The growth of compression therapy market directly corresponds to the rising popularity of sports across the world. Apart from this, the increasing incidence of obesity and increasing number of orthopedic surgeries are also presenting ample opportunities for the growth of this market.
Despite robust growth prospects, lack of reimbursement policies for compression garments will adversely impact the growth of this market. Nevertheless, improvement in healthcare infrastructure in developing countries is expected to provide considerable opportunities for vendors in the compression therapy market.
The review presented is based on the findings of Transparency Market Research report, titled “Compression Therapy Market (Technology – Static, Dynamic; Product – Compression Pumps (Intermittent, Sequential), Compression Bandages, Compression Stocking ( Gradient, Anti-Embolism), Compression Tapes)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024 ”