Human Microbiome Market is expected to reach a CAGR of 9.80% till 2024

Global Human Microbiome Market: Snapshot

With ample unmet needs, the global market for human microbiome exhibits high potential of growth. The market is set to emerge as a lucrative business in the near future, thanks to the increasing emphasis on diagnosis and treatment of various underrated diseases. The worldwide human microbiome market will be US$2.2 bn in 2020. The lack of targeted drugs for specific conditions, such as ulcerative colitis and C.difficile infection across the world makes this market highly opportune for players to set their innovative drug ideas on the path to commercial success. Driven by these factors, the opportunity in this market is slated to rise at a CAGR of 9.80% between 2020 and 2024 and reach US$3.2 bn by the end of 2024.

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Microbiome diagnostics and microbiome therapeutics are the two prominent sections of the global human microbiome market. Currently, the market is in the budding phase, with most of the therapies still being in preclinical or clinical (phase I or phase II) stage. The diagnosis technology is also in the development phase and the leading companies have begun to allocate funds for the research and development and the management of clinical studies for their innovative class of therapies. All these factors are likely to propel this market significantly over the next few years. The human microbiome therapeutics market is likely to report a CAGR of 9.20% during the period of 2020 to 2024, whereas the market for human microbiome diagnostics is anticipated to rise at an 8.60% CAGR between 2018 and 2024.

North America to Report Continued Leadership

North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America are the key regional markets for human microbiome across the world. Thanks to the presence of a state-of-art medical and healthcare industry and early adoption of technology, North America has occupied the top position in the global market. Researchers expect that the rising number of venture-capital funded start-ups and the increasing investments by leading players for research and development of drugs will support the North America market for human microbiome over the forthcoming years, ensuring its dominance. The human microbiome therapeutics market in North America is anticipated to report a rise at a CAGR of 9.10% between 2020 and 2024 while the region’s human microbiome diagnostics market will progress at an 8.80% CAGR from 2018 to 2024.

Europe, which acquired the second position in the global human microbiome market, is projected to maintain its position over the years to come. The U.K. and France have emerged as the key domestic markets for human microbiome in Europe. The high investments by companies in this domain are expected to boost both these domestic markets in the next few years. Apart from this, countries, such as Sweden and the Netherlands, are also anticipated to contribute well to the Europe market for human microbiome market in the near future.

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Metagenomic Sequencing to Outpace 16s rRNA in Future

On the basis of technology, the global market for human microbiome is classified into 16s rRNA sequencing and metagenomic sequencing. Both the technology are equally popular platforms for detection in the microbiome-based diagnostics. However, the metagenomic sequencing segment is likely to surpass the 16s rRNA segment over the next few years, albeit by a small margin, as a large number of companies are opting for the diagnosis of a more comprehensive microbiome profile.

At the forefront of the global market for human microbiome are Vedanta Biosciences, Synthetic Biologics Inc., Seres Therapeutics, Second Genome, uBiome Inc., Rebiotix Inc., Osel Inc., MicroBiome Therapeutics LLC., Metabiomics Corp., Enterome Biosciences SA, and AO Biome LLC. Some of the other prominent participants in this market are Metabogen AB, Becton Dickinson & Co., Evelo Biosciences, ARTPred, MaaT Pharma, Blue Turtle Bio Technologies, Axial Therapeutics, Whole Biome, 4D Pharma, Symbiotix Therapies, Phi Therapeutics, Synlogic, and Biospherex LLC.

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Temperature Monitoring Devices Market Outlook Key Analysis and Forecast by 2025

Via a fresh intelligence study, Transparency Market Research (TMR) reports that the global temperature monitoring devices market is heavily dependent on technological advancements, and that the competitive landscape will remain tilted towards those companies who aggressively develop products that meet the desired outcomes. The report observes that there is strong clinical needs for different temperature monitoring modalities in hospitals. The caregivers are forced to stock and depend on multiple temperature monitoring methods, with each method introducing variation due to accuracy and technique. The 3M Bair Hugger temperature monitoring system, formally known as 3M SpotOn system, can be one such example. The device provides a non-invasive method with accurate temperature measurement, which can be used preoperatively and in any type of anesthesia.

The report identifies 3M Company, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Terumo Corporation, Welch Allyn, Inc., Omron Healthcare, Microlife Corporation, C.R. Bard, and Briggs Healthcare as some of the prominent participants of the global temperature monitoring devices market. As per the projections of the TMR report, the demand in the global temperature monitoring devices market will augment at a CAGR of 4.1% during the forecast period of 2017 to 2025. Everything put together, the temperature monitoring devices market, across the world, will be worth US$3.23 bn by 2025, considerably up from its evaluated valuation of US$2.27 bn in 2016.

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Based on product-type, table top temperature monitoring devices, which is further sub-segmented into non-invasive vital signs monitoring devices and continuous core body temperature monitoring devices, served the maximum demand, whereas non-invasive was most in-demand technique. The global market continues to gain significant share of the overall demand for temperature monitoring devices from wellness application, while geographically, North America has been detected a highly lucrative region. The developed countries of the U.S. and Canada, who have robust healthcare infrastructure and high adoptability-rate of new technology, dominate the demand from North America temperature monitoring devices market.

Technologically-advanced Products Gaining Popularity

For proper care, vital signs monitoring including temperature monitoring is more like the first line of treatment, helping physicians to assess the health status of patients. Temperature monitoring devices comprise of diverse product types, which are used in various applications, including wellness and clinical. A major chunk of product offering is seen among hand held temperature monitoring devices segment that include digital thermometer and infra-red aural thermometers, whereas the segment like wearable continuous monitoring thermometers is characterized by increasing product launches by emerging market players.

The global market for temperature monitoring devices is gaining strong traction from the increasing number of new entrants in the wearable segment. Their products offer continuous monitoring thermometers and smart temperature patches. Demand for new and improved temperature monitoring devices continues to rise, regardless of the presence of existing branded devices. This is primarily due to significant increase in the use of wearable health trackers, rising adoption of high value table top temperature monitors among clinical applications, and rising awareness for continuous patient vital signs tracking to reduce the risk of emergency ICU admissions.

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Value Added Service Assistance Opening New Opportunities

As per the author of the report, the strengthening of market penetration through distribution and licensing agreements with leading distributors, along with value added service assistance that offer real-time monitoring, primarily to the geriatrics, are major opportunities for the global temperature monitoring devices market.

The information presented in this review is based on a Transparency Market Research report, titled, “Temperature Monitoring Devices Market (Product Type – Table Top Temperature Monitoring Devices (Non-invasive Vital Signs Monitoring Devices and Continuous Core Body Temperature Monitoring Devices), Hand Held Temperature Monitoring Devices (Digital Thermometers and Infra-red Aural Thermometers), Wearable Continuous Monitoring Thermometers, and Temperature Monitoring Sensors & Smart Temperature Patches; Technique – Invasive and Non-invasive; Application – Clinical and Wellness; Distribution Channel – Institutional Sales (Hospitals, Clinics, Skilled Nursing Facilities, Long Term Care Centers, and Ambulatory Care Centers), Retail Sales (Retail Pharmacies, Drug Stores, and Online Sales)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.”

Urinary Tract Stenting Market Outlook to 2023 Latest Industry Forecast Report

Urine is normally carried from the kidneys to the bladder through long, narrow, muscular tubes called ureters. The passage of urine may become difficult if the ureter becomes obstructed due to conditions such as tumors, infections, kidney stone, etc. For such conditions, the physicians place an artificial tube, known as ureteral stent, intended to restore the flow of the bladder. Aging is the most common factor that leads to several types of urology diseases. The global aging population is a direct indication of the possible rise in the patients suffering with urological diseases. With the increasing conditions that obstruct the flow of urine, the use of urological stents have become the most fundamental and valuable technique in the urological practice.

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A ureteral stent is specially designed a soft tube 10-12 inches in length that is placed in the ureter for draining urine from the kidney to the urinary bladder. These stents are coiled at both the end to stay in place in the urinary system and therefore also known as JJ stent, pig-tail stent of double J stent. Normally a person can have ureteral stents for not more than 3 to 6 months. If left for longer duration, there is a possibility of stone formation which makes removal of stents difficult. If a patient is required to have stent for a longer duration, he must be admitted in the hospital for stent change. This is a serious limitation for the usage ureteral stent. Several companies operating in the market are trying to overcome the issue of biofilm formation and mineralogical encrustation. Furthermore, there are ongoing research activities in the global urinary tract stenting market to modify the design, discovering novel stent coating and the basic composition materials of the stent. Usage of metal stents in urology is being recommended by some physicians which have not yet become a widespread practice. Some of the advancements required for the industry include anti-body coated stents, nanotube coating, radioactive stents, and absorbable magnesium metal stent. The successful trials of the technologies have a potential to drastically change the existing market dynamics in the global urinary stenting market.

The global market for urinary tract stenting can be segmented on the basis of application of urology stents into kidney stones treatment. The major segments in which urological stents are used include procedures such as lithotripsy, ureteroscopy, ureteroenoscopy, and percutaneous nephrolithotomy. Based on the procedures of removing the obstruction in the ureter, the market can be segmented into ureteral stenting, prostate stenting and urethral stenting.

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Based on the geography, the global urinary tract stenting market is segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest of the World. More than 2 million people in the U.S. are annually diagnosed for the presence of kidney stone. The number of people suffering from similar diseases is even higher in the Asia-Pacific and Rest of the World. The rising number of kidney stone patients in the world is expected to increase the number of treatment procedures at a faster rate than before eventually increasing the demand for the urinary tract stents. As the economic conditions in the emerging nations such as China, India, and Brazil are expected to improve in the near future, most of the market growth will be fuelled by demand from these countries.

Some of the key companies operating in the global urinary tract stenting market include Boston Scientific Corporation, C. R. Bard, Inc., Cook Medical, Inc., and Medline Industries, Inc., Pnn Medical A/S, and Allium Medical Solutions Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

 

Hemoglobinopathies Market 2024: Business Development Analysis

Global Hemoglobinopathies Market

The U.S. National Library of Medicine defines hemoglobinopathy as a group of disorders passed down from one generation to another that are characterized by an abnormal structure or production of the hemoglobin molecule. Hemoglobinopathy disorders include sickle cell anemia, hemoglobin C disease, hemoglobin S-C disease, and various forms of thalassaemia. The growing prevalence of hemoglobinopathy disorders, particularly sickle cell anemia, has boosted the growth of the global hemoglobinopathies market.

Though the prevalence of hemoglobinopathies is high across under-developed economies, including countries in Southeast Asia and the Sub-Saharan region, the global hemoglobinopathies market is expected to grow across developed and developing economies in North America and Asia Pacific, respectively, due to better health care infrastructure. The introduction of advanced diagnostics and therapeutics will likely boost the growth of the market in the coming years. Genetic testing, blood testing, pre-implantation genetic diagnosis, prenatal genetic testing, and hemoglobin electrophoresis are some of the key diagnostics for identifying hemoglobinopathies disorders. Iron chelation therapy, blood transfusion, hydroxyurea, and bone marrow transplant are the common therapies available in the market. Research and development activities and regulatory support are shaping the future of the global hemoglobinopathies market.

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Global Hemoglobinopathies Market: Overview

Among various hemoglobinopathy disorders, sickle cell anemia is the most common inherited blood disease. According to the World Health Organization (WHO), around 5% of the world’s population carries trait genes for hemoglobinopathy disorders such as thalassaemia and sickle cell anemia. While sickle cell anemia is most common across Africa, various forms of thalassaemia are prevalent in the Middle East, the Mediterranean basin, and Asia. In sickle cell disease, the half-moon shape of red blood cells causes poor blood oxygen levels and blood vessel blockages. This leads to anemia among the patients.

The rapid rise in the number of people affected by the disease has led governments and regulatory authorities to initiate awareness programs to decrease hemoglobinopathy-related mortality rates. For example, in 2010, the Centers for Disease Control and Prevention (CDC) started the Thalassaemia Data Collection Project and Blood Safety Monitoring. All these factors are expected to positively impact the growth of the global hemoglobinopathies market.

Further, the increased awareness about genetic testing for diagnosis of sickle cell anemia and other hemoglobinopathy disorders is anticipated to contribute significantly toward the growth of the market in the near future. Genetic testing has emerged as the most cost-effective strategy to reduce the prevalence of hemoglobinopathy disorders.

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Global Hemoglobinopathies Market: Region-wise Outlook

The global hemoglobinopathies market has been segmented into four key regions: Asia Pacific, Europe, North America, and Rest of the World. Sickle cell anemia is most common in Central and West Africa where about 25% of the population has sickle cell trait and around 1%-2% of all babies are born with a form of the disease. In North America, particularly in the U.S., where the population is estimated to be over 270 million, around 1,000 babies are born with sickle cell disease every year. The growing prevalence of various hemoglobinopathy disorders, along with a high level of awareness about hemoglobinopathy-related genetic testing has propelled the growth of the hemoglobinopathies market in North America. However, in the coming years, improving health care infrastructure in Asia Pacific and introduction of low-cost diagnostic alternatives are projected to boost the growth of the market in the region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

 

Predictions for Sexually Transmitted Disease Testing Market in the next decade

Global Sexually Transmitted Disease Testing Market

Sexually transmitted diseases, also referred to as venereal diseases, are infections transmitted through sexual contact and are caused by viruses, bacteria, and parasites. These infections usually do not show any symptoms. Medically, when symptoms are diagnosed through various tests, a patient is said to be suffering from sexually transmitted disease or STD. Apart from sexual contact, STDs can in some cases also be transmitted through childbirth, breastfeeding, and shared usage of needles. Gonorrhea, HIV, HPV, chlamydia, and syphilis are the common types of STDs. According to data released by the U.S. Centers for Disease Control and Prevention in 2014, there has been an increase in the reported cases of STDs across the U.S. for the first time since 2006.

Rise in incidences of unprotected sex has led to an increase in the prevalence of sexually transmitted diseases, thereby propelling the demand from the global sexually transmitted disease testing market. STD testing is usually advised by physicians even if a person does not show symptoms but has had unprotected sex. There are various types of STD diagnostics available in the market such as viral load monitoring, genotyping, immunoassays, and molecular diagnostic.

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Global Sexually Transmitted Disease Testing Market: Overview

Lack of awareness about sexually transmitted diseases and the rising incidences of unprotected sex have majorly contributed to the growing prevalence of sexually transmitted diseases. The global sexually transmitted disease testing market has been boosted by the high number of patients suffering from STDs, especially in the age group of 15 years to 24 years. In fact, this age group is the most vulnerable to STDs even though it is relatively a small portion of the sexually active population.

Recommendations from various regulatory authorities for annual STD screening for sexually active men and women are expected to further fuel the demand for STD testing. STD screening services are now widely covered under health care services and are likely to augment the growth of the global STD testing market. For example, plans under the U.S. Affordable Care Act offer coverage for recommended STD screening services without cost-sharing. Regulatory authorities such as the World Health Organization have outlined strategies for the prevention and control of STDs. Research activities are being carried out to understand the growing prevalence of STDs, particularly Syphilis, among gay and bisexual men. All of these factors are anticipated to drive the growth of the global sexually transmitted diseases testing market.

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Global Sexually Transmitted Disease Testing Market: Region-wise Outlook

The global sexually transmitted disease testing market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. In North America, a reported rise in the number of people affected with STDs such as gonorrhea, chlamydia, and syphilis has fuelled the demand for sexually transmitted disease testing. Favorable government policies are also expected to boost the demand from the regional market. Recently, the outbreak of Zika virus and the possibility of the transmission of Zika virus through sexual contact have led authorities in countries in Africa and South America to recommend Zika virus testing.

Prominent players in the global sexually transmitted disease testing market include Bayer AG, Merck and Company Inc., Abbott Laboratories, and Home Access Health Inc.