LONDON--(EON: Enhanced Online News)--Technavio has published four reports, including age-related macular degeneration, neurological biomarkers, point-of-care coagulation testing, and intracranial pressure monitoring categorized under the healthcare and life sciences sector. The reports highlight the major market trends, drivers, challenges and several other factors that are expected to change market dynamics during the forecast period.
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Global Age-related Macular Degeneration Market 2016-2020
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The global age-related macular degeneration (AMD) market is anticipated to witness fast-paced growth and will post a moderate CAGR of more than 7% over the forecast period. Due to significant technological advances in the healthcare sector and improved diagnosis facilities, the market has seen a surge in the diagnosis rate for AMD. The introduction of techniques, such as fluorescein angiography, wherein a fluorescein dye is injected into a vein in the arm, has led to an increase in the diagnosis rate considerably. The dye travels throughout the body, including the eyes. Photographs of the eye are taken when the dye passes through the retinal blood vessels, and abnormal areas are highlighted by the dye, which confirms the presence of blockages. Improvements in the diagnosis rate for this eye condition will translate into higher demand for AMD therapeutics over the coming years.
Global Neurological Biomarkers Market 2016-2020
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Technavio's research analysts have projected that the global neurological biomarkers market will grow progressively at an impressive CAGR of more than 15% by 2020. The increasing number of low-cost clinical trials in developing countries will help the market to grow during the forecast period. Increased funding from different societies and private organizations towards extensive research on drug development for various diseases such as Alzheimer's disease, Parkinson’s disease, Autism spectrum disorder, and multiple sclerosis will be one of the primary growth drivers for the market in the Americas, which is expected to dominate the market.
Global Point-of-Care Coagulation Testing Market 2016-2020
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Extensive research carried out by the analysts at Technavio has shown that the global point-of-care (POC) coagulation testing market will witness steady growth and will post a moderate CAGR of more than 6% over the forecast period. The increasing penetration of these devices in developed countries is one of the significant factors driving the growth of this market. The new-age POC coagulation testing devices are portable and easy to use, leading to their increased adoption in hospitals and clinics in the US and Western Europe. Moreover, the reimbursement system in most European countries like Spain and the UK has led to an augmented demand for diagnostic equipment, especially POCT devices. This will enable healthcare providers to take the necessary precautions while conducting major surgeries.
Global Intracranial Pressure Monitoring Market 2016-2020
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Market research analysts at Technavio have predicted that the global intracranial pressure (ICP) monitoring market will grow at a CAGR of more than 7% by 2020. The increasing incidence of traumatic brain injury (TBI) cases worldwide is expected to boost the demand for ICP monitors. Besides trauma injuries, these monitors are used to monitor other medical conditions such as stroke, meningitis, subarachnoid hemorrhage (SAH), hepatic failure, and intracerebral hematoma. These devices are also used during carotid artery surgery and after neurosurgery. Numerous factors such as robust guidelines from healthcare and medical organizations and the development of non-invasive ICP and wireless ICP monitoring systems will contribute to the growth of this market over the next four years.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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