Tag Archives: Market Research
The significant increase in the number of healthcare IT outsourcing market service providers has deepened the competition among them in recent years. Vendors are focusing on developing their own analytical platforms for improved patient data management and quality patient care systems in order to offer customized solutions to healthcare payers as well as providers, globally, notes Transparency Market Research in a new study.
Looking forward, unmet healthcare needs in emerging economies of Asia Pacific and the Middle East and Africa are expected to offer an opportunity-rich market to participants. As these regions boast of ample availability of skilled manpower, entering into strategic alliances with local companies will help major players to seize better shares in this market.
The competition in the global microfluidics market is exceptionally high due to the strong presence of several global players in the overall market. The leading players held a share of 53% in the global market in 2016. Danaher Corporation, Thermo Fisher Scientific, and F. Hoffman-La Roche AG hold a dominant position in the overall market due to their extensive product portfolio and a growing geographical presence, states Transparency Market Research
According to the research report, the global microfluidics market is expected to reach a valuation of US$12.45 bn by the end of 2025 as compared to US$ 4.76 bn in 2016. During the forecast years of 2016 and 2025, the overall market is expected to expand at a CAGR of 11.4%.
The global gastrointestinal drugs market demonstrates a consolidated landscape with top three players, namely, Takeda Pharmaceutical, Valeant Pharmaceuticals Inc., and Janssen Biotech Inc., holding the market with majority share, finds a report by Transparency Market Research (TMR). These three players, collectively, accounted for a share of 61% in 2016. The market is moderately competitive as of now; however, the degree of competition within this market is likely to increase remarkably over the next few years, reports the study.
The top four players operating in the global point-of-care (POC) diagnostic market held a massive chunk of 78.8% in the overall market in 2015. Alere Inc., Becton Dickinson & Co., Abbott Inc., and F. Hoffmann-La Roche Ltd. dominated with their strong product portfolio, observes Transparency Market Research. “Innovation and technological advancement will remain imperative to all the companies in the global market,” states the lead author of this research report. In the coming years, these companies are expected to strengthen their positions in developing countries of China, India, Latin America, and Africa to tap into their gigantic scope of unmet medical needs.
Intense competition and high entry barriers outline the present state of the competitive landscape of the global cardiovascular monitoring and diagnostic devices market, states a recent Transparency Market Research (TMR) report. In the markedly consolidated market, the top two vendors, GE Healthcare and Philips Healthcare, accounted for a more than 55% share in 2015. Moreover, these two companies have their headquarters in Europe, granting this regional market a high level of saturation. The other half of the competitive landscape is, however, highly fragmented with a large number of specialty vendors operating in regional pockets.
The global steam autoclaves market is marked by intense competitive rivalry and high entry barriers for new vendors, typical of markets featuring high consolidation, reports a recent study by Transparency Market Research (TMR). The oligopolistic market witnesses the dominance of companies such as STERIS, Getinge Group, and Johnson & Johnson, which collectively held close to two-third of the overall market in 2015.
The presence of an increasing number of companies manufacturing and selling anti-snoring devices today has rendered the competitive landscape of the anti-snoring devices and snoring surgery market extremely fragmented, Transparency Market Research (TMR) finds. GE Healthcare, Philips Healthcare, Fisher & Paykel Healthcare, Medtronic plc, and ResMed, Inc. are not only the prominent players in the global anti-snoring devices and snoring surgery market but also account for a significant percentage share of the overall market. Although SomnoMed does not account for a major share in terms of percentage, its extensive product portfolio and robust market presence makes it a strong contender in the anti-snoring devices and snoring surgery market.
The looming patent expiry of blockbuster drugs and the need for maintaining the flow of novel therapeutics have led to realization that pharmaceutical companies cannot allow the status quo to remain as it is. Collaborating with other key players has thus become a popular strategy among leading enterprises vying to benefit from a stronger product pipeline.
As per Transparency Market Research, Sanofi, Roche, Novartis, and Pfizer dominated the global hospital pharmaceuticals market in 2014, collectively holding a share of 18.6%. Among these companies, Novartis held the dominant share of 5.5% in the global market, followed by Pfizer that held 4.8% share in the global market.
With the increasing crowd of companies, the India nebulizers market is witnessing intense competition among players. The top three players, Omron Healthcare, CareFusion, and Philips Healthcare, collectively accounted for a share of just about 52% in 2014 in this highly fragmented market.
Looking forward, market participants will be compelled to invest in research and development activities aggressively to introduce innovative and advanced products in order to strengthen their position.
A study by the World Health Organization (WHO) states that, in India, deaths due to lung disorders are on a rapid rise. Among every 100,000 deaths, nearly 142 are because of one or the other form of lung disorders, making India rank first in deaths by lung diseases across the world.