Market Forecast
Transarterial Chemoembolization (TACE) Market is expected to cross USD 2777.22 Million by 2025 at a CAGR of 8.57%.
The increasing prevalence of liver cancer is expected to drive the growth of the global transarterial chemoembolization (TACE) market. Hepatocellular carcinoma (HCC) is fifth cancer in terms of incidence and the second leading cause of cancer death for men worldwide. The incidence of HCC is highest in Asia and Africa.
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Improvement in the reimbursement scenario is impacting the growth of the market. The cost of sorafenib is reimbursed by Taiwan’s National Health Insurance (NHI) administration with the TACE procedure. Moreover, Lipiodol is approved for National Health Insurance reimbursement for transcatheter arterial chemoembolization for HCC.
Segmentation
By Procedure Type
- Conventional TACE: Conventional TACE dominated the Transarterial chemoembolization (TACE) market as it is one of the oldest procedures used in HCC cases. Conventional TACE involves the infusion of chemotherapeutic drugs blended with lipiodol and embolic agents into the cancer-feeding artery
- DEB-TACE: This segment is expected to witness the fastest growth. DEB-TACE allows higher concentrations of drugs to the target tumor and lower systemic concentrations, compared with conventional TACE
By Indication
- Unresectable HCC: TACE is a major treatment modality for unresectable HCC. The liver tumor which is not eligible for resection therapy given the extent of disease is considered as unresectable HCC
- Early-Stage HCC: In case of early-stage HCC, TACE is recommended if resection or local ablation is not feasible
By Product Type
- Chemotherapeutic Agents: Held the largest market share in 2018. Doxorubicin, cisplatin, and mitomycin are most commonly used in the TACE procedure. Doxorubicin is the most widely used chemotherapeutic agent for TACE of HCC. The dose of doxorubicin generally ranges from 30 to 75 mg/m2
- Radiotherapeutic Agents: TACE with radiotherapeutic agents is the most expensive treatment for liver tumors.
- Drug-eluting Particles: Drug-eluting beads have been imposed as novel drug-delivering agents for TACE. DC Beads is one of the most commonly used Drug-eluting beads. These beads are nonbiodegradable PVA microspheres, loaded with calibrated doxorubicin
By End-User
- Hospitals & Clinics: It holds the largest market share that can be attributed to an increase in the number of patients afflicted by HCC, coupled with a rise in a number of hospitals, and quality care, and availability of skilled and qualified professionals.
- Cancer Research Centers: This is the fastest-growing segment due to increasing research funding for the development of effective treatment of HCC
By Region
- Americas: The region holds the largest share of the market. The market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada.
- Europe: The European transarterial chemoembolization (TACE) market has been classified as Western Europe and Eastern Europe. The Western European market has further been categorized as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
- Asia-Pacific: The market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Asia-Pacific transarterial chemoembolization (TACE) market is projected to be the fastest-growing during the forecast period.
- Middle East & Africa: The market in the Middle East & Africa has been divided into the Middle East and Africa.
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Microspheres Market OverviewMicrospheres are normally free flowing powders consisting of proteins or synthetic polymers having a particle size ranging from 1-1000 μm.
Manufactured from different natural and synthetic materials, Microspheres are commercially available as Glass microspheres, ceramic microspheres, and polymer microspheres.The density of solid and hollow microspheres varies widely; therefore, they are used in a range of applications.
Microspheres make an excellent match for control aspect of a drug administration system which further enhances the efficacy of therapeutics.Considering the rapid market expansion, the microspheres market witnesses currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global microspheres market is forecasted to grow exponentially by 2022, registering a staggering CAGR of 11.9% throughout the review period (2016-2022).Other factors primarily contributing to the growth of the market include increasing population that is continually creating a massive demand in the consumer goods market as well as promoting the growing need for quality healthcare.
Also, patient’s preference towards adopting controlled drug delivery matrix instead of surgeries boosts the market growth of microspheres, globally.Rising per capita income across the globe coupled with the huge demand for Microspheres in the innovative embolic therapies provides impetus to the growth of the market.Conversely, the high cost coupled with the volatile price structure of raw materials used in the production of microspheres is some of the factors impeding the market growth substantially.
Global Microspheres Market - SegmentsFor ease of understanding, the analysis has been segmented into four key dynamics: -By Material: Synthetic Polymers and Natural Polymers.By Type: Bioadhesive Microspheres, Magnetic Microspheres, Floating Microspheres, Radioactive Microspheres, and Polymeric Microspheres.By Application: Drug Carriers, Pulmonary Drug Delivery, and Tissue Regeneration among others.By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Microspheres Market -Regional AnalysisThe North America region, heading with the novel researches in the development and improvement of the product, leads the global microspheres market.
Market ForecastRegistering a CAGR of 8.57%, Transarterial Chemoembolization (TACE) Market is expected to grow from USD 1559.20 Million in 2018 to USD 2777.22 Million by 2025.Hepatocellular carcinoma (HCC) is a primary malignancy of the liver and occurs mainly due to chronic liver disease and cirrhosis.
Conventional TACE is considered as a standard treatment for HCC.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/8564Market InfluencerImprovement in the reimbursement scenario is impacting the growth of the market.
The cost of sorafenib is reimbursed by Taiwan’s National Health Insurance (NHI) administration with the TACE procedure.
Conventional TACE involves the infusion of chemotherapeutic drugs blended with lipiodol and embolic agents into the cancer-feeding arteryDEB-TACE: This segment is expected to witness the fastest growth.
DEB-TACE allows higher concentrations of drugs to the target tumor and lower systemic concentrations, compared with conventional TACEBy IndicationUnresectable HCC: TACE is a major treatment modality for unresectable HCC.
Doxorubicin, cisplatin, and mitomycin are most commonly used in the TACE procedure.
Overview: The global market for nutraceutical excipients can take a leap from a valuation of USD 3.1 Bn in 2017 and reach USD 4.81 Bn by the end of 2023.
The time frame, 2018 to 2023, can be considered as the forecast period.
On the other hand, stringent regulations can hold back the growth rate in the coming years.
These segments have a better acceptance of various factors that can be taken into consideration to understand how the market can chart the future path.
By function, the market for nutraceutical excipients can be segmented into fillers, diluents & bulking agents, disintegrants, binders, lubricants, sweeteners, coating agents, and colors & flavors.
By type, the market report that includes nutraceutical excipients can be segmented into artificial and natural/organic.
The advanced smart appliances are developed and operated in such a way that it sends notifications and alerts the user to switch off or on depending on the user’s requirements.
For instance, the end-user can get the notifications when the laundry is done, and even the microwave oven notifies when the food is ready to be served.
There is a constant encouragement by the market players to integrate wireless networks with the connected devices such as electric meters, wearable devices, and smart appliances that enable the devices to consume nominal bandwidth but needs a continuous and high power connection.
Numerous networks such as Sigfox and LoRaWan are constantly implementing low cost, low power and long-range connectivity, which is driving the implementation of connected devices.
Developed and emerging countries such as South Korea and the Netherlands have already adopted this technology, whereas countries such as Australia and New Zealand are at the burgeoning stage to implement LPWAN networks.However, the major driving factors for the global smart appliances market are the surging energy prices and abundance of wireless solutions.
On the flipside, increased internet penetration results in the risk of privacy theft, which is presumed to hinder the growth of the market over the forecast period.
Market SynopsisAs per the analysis by Market Research Future Reports (MRFR), the Global Power Tools Market is expected to value more than USD 36,060 Million by 2025, with a CAGR of 4.82% during the review period.The increase in demand from the industrial sector, the professional sector, and the increased usage of power tools for DIY & household activities influence the global power tools market 2020.
The expansion in the industrial sector is estimated to influence the global power tools market.
However, the price fluctuation of raw material is an obstruction for the expansion of the global power tools market.
Among all, industrial usage if power tools result in the increased accuracy, efficiency, and perfection by lessening mistakes humanly and increasing the safety of the workforce.
Among all, the global market dominated the engine-driven power tools in 2018 and is estimated to expand considerably during the review period.On the basis of region, the global Power Tools Market has been classified into North America, Asia-Pacific, Europe, and the Rest of the World (Row).Regional AnalysisAs per the analysis, North America will lead in the forthcoming period.
The US fetches the maximum business and acquires a large size of the market share of approximately 81.44%Europe has experienced a robust expansion in the end-use sector of power tools such as automotive and industry.
Market Research Future has come up with the latest report on the global Virtual Retinal Display Market 2020.
The survey covered the impact of COVID-19 on everything, including the economy.
On this, MRFR reveals that the global market earlier achieved a valuation of USD 2.68 Million in 2017 and would now scale up to USD 23.84 million by 2023.
The research report presents an all-inclusive estimation of the market and contains segments such as components and vertical.
The report also offers a basic overview of the market size, share and competition segment with an essential introduction to manufacturers, regions, product types and applications.The study provides a complete outlook on the Virtual Retinal Display Market growth throughout the research study.
This is how the virtual retinal display market will respond after the long term impact of the COVID 19 outbreak.
