Audiological Devices Market Size, Analysis, Growth and Demand, 2023

The global audiological devices market is growing significantly due to introduction of waterproof and wireless hearing aids, increasing need for aesthetically fabricated hearing aids, and increasing government initiatives to provide better healthcare services in the industry. Massive unexplored market in audiological devices industry of developing economies are creating ample opportunities for the audiological devices market to grow at a considerable rate during the forecasted years.In addition, increasing adoption of digital technology in developing and designing hearing aid is also expected to support the growth of the market in the coming years. Further, the advanced research and development facilities, and new and innovative product developments by the companies are propelling the growth of the audiological devices industry.

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Audiological Devices Market

Hearing impairment is usually due to genetic predisposition and chronic ear infection. Increasing prevalence of hearing problems is also fueling the growth of the market in the coming years. According to World Health Organization, globally approximately 360 million people were disabled with hearing loss in 2012. Audiological devices are hearing aids used for the diagnosis and treatment of hearing impairment and balance problems. An audiological device comprises microphone, speaker and amplifiers.

On the basis of product type of audiological devices, the market can be categorized as hearing aids, diagnostic devices, bone anchored hearing aids, and cochlear implants. Hearing aids lead the market in terms of market size, as it is user friendly and comfortable; whereas, cochlear implants are expected to grow at a faster rate in the coming years due to technological advancement.

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Geographically, Europewill be leading the global audiological devices market in the coming years, due to propitious reimbursement policies, increasing government support and introduction of innovative products. Asia-Pacific is the fastest growing region in the global audiological devices market. The major reasons for the fastest growth of audiological devices market in the region are increasing healthcare expenditure, large pool of patients, increasing government support, improving healthcare infrastructure, and increasing incidence of deafness in the region. Moreover, the audiological devices market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.

Some of the companies operating in the global audiological devices market are Siemens Healthcare, Cochlear Limited, Widex A/S, Bernafon, Sonova Holdings AG, SeboTek Haring Systems, GN ReSound Group, William Demant Holding A/S, Beltone, and Starkey Hearing Technologies.

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Auto-Injectors Market Analysis, Drivers, Growth Rate, Specifications & Forecast

Auto-Injectors Market

The global auto-injectors market is likely to grow significantly during the forecast period, due to increasing prevalence of anaphylaxis, increasing cases with multiple sclerosis, rising geriatric population and high production of biologics. Additionally, increasing healthcare spending and various beneficial features of auto-injectors also contribute to the growth of the overall market. However, high cost of auto-injectors and stringent regulatory requirements are some of the key factors restraining the growth of global auto-injectors market.

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The prefilled auto-injectors is the larger product category in the global auto-injectors market, primarily due to increasing availability of user friendly prefilled auto-injectors in disposable form. Based on manufacturing design, standardized auto-injector was the larger contributor to the global auto-injectors market in comparison to customized auto-injector in 2016. Anaphylaxis was the largest application for auto-injectors, followed by multiple sclerosis, rheumatoid arthritis and other diseases, in 2016. According to World Allergy Organization (WAO), the prevalence of anaphylaxis ranged from 2% of the population in the US, to 0.1% of the population in Korea, and 0.6% to 1% of the population in Australia.

Globally, the increasing demand for biologics has been playing a key role in the growth of the auto-injectors market. The rapidly increasing burden of anaphylaxis, multiple sclerosis, rheumatoid arthritis and other diseases further compels government organizations and healthcare providers to provide improved facilities for effective disease treatment, leading to rising number of launches of technologically advanced products, globally.

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Key companies in the auto-injectors market is collaborating to offer advanced auto-injectors. In March 2017, Mylan N.V. entered in a global settlement and license agreement with Genentech Inc and Roche Holding AG in relation to patents for Herceptin (trastuzumab), which provides Mylan N.V. with global licenses for its trastuzumab product. This is expected to help Mylan N.V. to commercialize trastuzumab globally, except in Japan, Brazil and Mexico.

Some of the key players operating in the global auto-injectors market include Mylan N.V., Antares Pharma Inc., Becton, Dickinson & Co., Eli Lilly and Company, Pfizer, Inc., Bayer AG, Novartis International AG, Bristol-Myer Squibb, Novartis AG, Amgen Inc. and Biogen Inc.

Surgical Sealants and Adhesives Market – Global Industry Insights, Analysis, Growth, 2023

Surgical Sealants and Adhesives Market

The global surgical sealants and adhesive market is significantly growing, due to technological advancements, extensive research and development activities, and up surging academic and government research for medical devices. The massive unexplored market in the surgical sealants and adhesives industry of the developing economies is creating abundant growth opportunities for the surgical sealants and adhesives market.

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In addition, the advanced research and development facilities and innovative product developments by the companies are propelling the growth of the surgical sealants and adhesives market. The surgical adhesive and sealants are alternative for traditional closure techniques, such as sutures, wires and staples. The conventional closure techniques may lead to further tissue trauma, risk of infection and is difficult to use at some surgical locations. Surgical sealant are likely to replace sutures and staples, as they have better closure abilities, faster implementation and facilitate less painful operation.

On the basis of product, the global surgical sealants and adhesives market can be categorized as natural or biological sealants and adhesive, and synthetic and semi synthetic adhesive and sealants, where natural or biological sealants and adhesives segment leads the global market in terms of market size. Natural or biological sealants and adhesives are further segmented on the basis of type, as fibrin sealants, collagen based adhesives and gelatin based adhesives, where fibrin sealant leads the  global segmented market in terms of market size.

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Some of the companies operating in the global surgical sealants and adhesives market are Baxter International Inc., Sanofi Group, B. Braun Melsungen AG, Ocular Therapeutix Inc., Cryolife Inc., Medtronic PLC, Johnson & Johnson, C.R. Bard Inc., Cohera Medical Inc. and Vivostat A/S.

Tumor Ablation Market Size, Analysis, Drivers, Trends, Challenges & Forecast, 2023

Tumor Ablation MarketThe global tumor ablation market is growing considerably, due to increasing awareness of ablation procedure over other surgical and conventional procedures, and increasing demand for minimally invasive cancer treatment procedure. The increasing investment in research and development to introduce novel therapies, such as chemo therapy and radiation therapy, are creating opportunities for the global tumor ablation market.

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In addition, the massive unexplored market in the tumor ablation industry of the developing economies is creating abundant opportunities for the global tumor ablation market, to grow at a considerable rate during the forecast period. The increasing adoption rate of radio frequency based tumor ablation procedure is a trend, witnessed in the global tumor ablation market.

On the basis of technology, the global tumor ablation market can be categorized as cryoablation, radio frequency ablation, microwave ablation and others. The radio frequency ablation leads the global tumor ablation market in terms of market size, due to its specification of treating target tissues without causing significant damage to the surrounding healthy cells. Whereas, microwave ablation technology is expected to grow at the fastest rate in the coming years, due to increasing private funding and increasing adoption of microwave tumor ablation among healthcare professionals.

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Geographically, North America is likely to dominate the global tumor ablation market in the coming years, due to high adoption of tumor ablation products and increasing demand for minimally invasive surgeries. However, the ongoing healthcare reforms in the U.S. are inhibiting the growth of North America tumor ablation market. Asia-Pacific is the fastest growing region in the global tumor ablation market, due to presence of huge pool of patients, intensifying government support, and increasing prevalence of cancer in the region. In addition, the tumor ablation Asia-Pacific market is growing, due to increasing healthcare expenditure and refining healthcare infrastructure in the emerging countries, such as India and China.

Some of the companies operating in the global tumor ablation market are Mermaid Medical A/S, Medtronic PLC, Boston Scientific Corporation, HealthTronics Inc., CONMED Corporation, EDAP TMS S.A., AngioDynamics Inc., Galil Medical Inc., Misonix Inc., Neuwave Medical Inc., Smith & Nephew PLC and Sonacare Medical LLC.

Hemodynamic Monitoring Systems Market Size – Drivers, Restraints, Opportunities, and Challenges

Hemodynamic Monitoring Systems MarketThe global hemodynamic monitoring systems market is growing due to technological advancement in hemodynamic monitoring systems, such as minimally invasive and noninvasive technologies. The minimally invasive and noninvasive technologies are preferred, in order to reduce infection associated diseases, decrease pain, and increase comfort of the patient. The massive unexplored market in the hemodynamic monitoring systems industry of the developing economies is creating abundant opportunities for the growth of the global hemodynamic monitoring systems market.

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Hemodynamic monitoring is the continuous movement of blood and pressure exerted in the veins, arteries, and heart. Hemodynamic monitoring systems are used to monitor oxygenation of tissue and organ, blood pressure, and cardiac output. It is also used to evaluate effectiveness of the cardiovascular function. These tests are performed to monitor loss of cardiac functions, such as cardiomyopathy, congestive heart failure and myocardial infarction, decreased urine output, decreased cardiac output, and gastrointestinal bleeding.

On the basis of type, the global hemodynamic patient monitoring systems market can be categorized as minimally invasive systems, invasive hemodynamic monitoring systems, and noninvasive systems. Invasive hemodynamic monitoring systems leads the global hemodynamic monitoring systems market in terms of market size, due to identification, early detection, and treatment of life threatening diseases; whereas, the market share minimally invasive hemodynamic monitoring systems is expected to grow at the fastest rate in the coming years. In addition, on the basis of end user, the global hemodynamic patient monitoring systems market can be categorized as hospitals, catheterization laboratories, and home and ambulatory sites. Hospitals lead the global hemodynamic monitoring systems market in terms of market size, and are expected to grow at the fastest rate in the coming years.

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Some of the companies operating in the global hemodynamic monitoring systems market are Edward Lifesciences Corporation, Pulsion Medical Systems Se, Cheetah Medical Inc., HEMO Sapiens Inc., Deltex Medical Group PLC, ICU Medical Inc., Tensys Medical Inc. Osypka Medical GMBH, Lidco Group PLC and Schwarzer Cardiotek GmbH.

Foot and Ankle Devices Market Analysis, Drivers, Trends, Challenges & Demand, 2023

Foot and Ankle CenterThe global foot and ankle devices market is growing due to technological advancement of ankle and foot devices, and increasing number of free trade agreements. These devices are becoming lighter, stronger, and limits additional amount of energy applied by the organ, thus leading to increased demand for these device. The orthopedic implants and devices segment dominates the market, and is expected to grow with the fastest rate in the coming years. Based on cause of injury, the trauma segment is expected to grow with the fastest rate during the forecast period. The massive unexplored market in the foot and ankle devices industry of the developing economies is creating abundant opportunities for the global foot and ankle devices surgery market.

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Some of the factors driving the growth of the global foot and ankle devices market are increasing number of sports injuries, growing geriatric population leading to bone injuries, increasing prevalence of arthritis, increasing prevalence of diabetes, and regular entry of new and innovative products in the market. However, the high cost of ankle and foot devices, excise tax on medical devices in the U.S., and lack of trained professional are some of the factors, restraining the growth of the global foot and ankle devices market.

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Some of the companies operating in the global foot and ankle devices market are Stryker Corporation, Extremity Medical LLC., Arthrex Inc., Smith & Nephew PLC, Wright Medical TechnologyInc., Zimmer Biomet Holdings Inc., Össur, Wright Medical Technology Inc., Acumed LLC, Integra Lifesciences Holdings Corporation, and Tornier N.V.

Vascular Imaging Systems Market – Analysis, Drivers, Trends & Demand, 2023

 

 

Vascular Imaging Systems Market

The global vascular imaging systems market is likely to grow significantly, during the forecast period, due to increasing healthcare expenditure, increasing prevalence of cancer and cardiovascular diseases and rising awareness about imaging techniques due to various conferences and seminars. In addition, growing geriatric population and launch of technologically advanced products contribute to the growth of the market. High cost, stringent regulatory requirements, shortage of helium for magnetic resonance imaging and increasing risk of cancer due to exposure to radiations are the key factors restraining the global market growth.

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Geographically, North America has been the largest market for vascular imaging systems, where the U.S. has been the largest contributor to the regional market. Increasing awareness about imaging techniques has been driving the growth of the North American market. In Europe, Germany has been the largest contributor to the market, followed by the U.K. and France. Asia-Pacific market is expected to grow at the highest CAGR, during 2017 – 2023, owing to increasing prevalence of cancer and cardiovascular diseases.

According to the Conference of Radiation Control Program Directors, Inc. (CRCPD), around 62 million CT procedures are performed every year in the U.S. including 4 million CT procedures performed for children. Moreover, according to the European Association of Nuclear Medicine (EANM) annual congress, the number of patients in Western Europe undergoing PET procedures increased by 21% between 2005 and 2010, accounting for 900,000 procedures in 2011. The rapidly increasing demand for vascular imaging procedures drives the growth of the market.

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Some of the key players in the global market include Siemens AG, General Electric Company, Hitachi Ltd., and Koninklijke Philips N.V., Carestream Health, Inc., Hologic, Inc., Esaote S.P.A, Shimazdu Corporation, Canon Inc., Orthoscan, Inc., and Fujifilm Corporation.

Nuclear Imaging Equipment Market Size – Analysis, Drivers, Growth Rate & Forecast, 2023

Nuclear Imaging Equipment Market

The global nuclear imaging equipment market is likely to grow significantly during the forecast period, due to rising prevalence of cancer and cardiovascular diseases, increasing geriatric population and increasing prevalence of neurological disorders. In addition, rising healthcare expenditure and launch of technologically advanced products contribute to the growth of the overall market. High cost of imaging techniques is the key factor restraining the global market growth.

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As per the findings of the research, based on products, the SPECT is the largest category, in the global nuclear imaging equipment market. Hybrid SPECT, further forms the larger part of the global market for SPECT. Oncology has been the largest application of the global market, followed by cardiology, neurology and others. Hospitals has been the largest end user of nuclear imaging equipment, followed by diagnostic centers, research institutes and others.

According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of World Health Organization (WHO) that promotes cancer research, 12.7 million new patients were detected with cancer in 2008, globally, and the number is expected to reach 21.4 million by 2030. In addition, according to WHO, in 2012, 8.2 million deaths took place globally due to cancer, out of which 1.6 million were due to lung cancer, while 745,000 deaths resulted from liver cancer and 400,000 deaths were an outcome of esophageal cancer.

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Cardiovascular diseases are diseases of heart and blood vessels, which include conditions such as hypertension, coronary heart disease, heart failure, cerebrovascular disease and rheumatic heart disease. It is the leading cause of premature deaths around the world. According to WHO, around 17.5 million people around the world died due to cardiovascular diseases in 2012, and the number is expected to reach 23.3 million by 2030.

Some of the key players in the global nuclear imaging equipment market include Siemens AG, GE Healthcare, Philips Healthcare, Digirad Corporation and Neusoft Medical Systems Co., Ltd., Cannon Inc., DDD Diagnostics, CMR Naviscan Corporation, SurgicEye GmbH and Mediso Medical Imaging Systems Ltd.

Cartilage Repair Market Size, Share and Forecast to 2023

Cartilage Repair MarketThe global cartilage repair market is witnessing considerable growth due to increasing geriatric population, increasing obesity, increasing healthcare expenditure, and growing sports related injuries. Moreover, increase in innovative product launches and growth of medical tourism leading to awareness about the cartilage treatment modalities across the globe is supporting the growth of the market. Based on the treatment modalities, cell-based approaches segment is expected to grow at the fastest rate during the forecast period, due to long term results of this treatment.

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Obesity is a serious health concern in the U.S. The increasing prevalence of obesity is driving the growth of the cartilage repair market in the U.S. According to CDC, during 2011-2012, 35.1% of adult aged 20 years or above were obese. In addition, as published by the Organization for Economic Cooperation and Development (OECD) in the year 2014, the obesity rate in Germany increased from 11.5% in 1999 to 14.7% in 2009. This increase in obesity rate leads to increase in demand for liposuction procedures, which is further accelerating the market growth.

Europe has been the second largest market for cartilage repair, where the market is driven by the increasing demand for cell-based approaches, increasing healthcare expenditure and launch of novel products. In 2015, Germany led the European cartilage repair market and it is also expected to grow at the fastest rate in Europe, during the forecast period. Globally, the cartilage repair market is expected to witness the fastest growth in Asia-Pacific during the forecast period, attributed to the increasing per capita income leading to improved standard of living, increasing healthcare spending, growing demand for better quality medical care, and awareness about cartilage repair treatments in the region.

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The key players operating in the global cartilage repair market are Zimmer Biomet Holdings, Inc., Johnson & Johnson, Vericel Corporation, Smith & Nephew PLC, Osiris Therapeutics, Inc., RTI Surgical, Conmed Linvatec, B. Braun Melsungen AG, Anika Therapeutics S. R. L.  and Arthrex, Inc.

Medical Laser System Market Size, Share, Growth and Forecast to 2023

Medical Laser System Market

The medical laser system market is growing at a considerable rate, due to increased awareness of medical aesthetics, growing number of patients using advanced laser based treatments, and rapid rise in age related ophthalmic disorders. Rise in disposable incomes in developing economies and increased demand for laser treatment in emerging economies have provided ample opportunities to the growth of medical laser system market to grow in the coming years.

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North America leads the medical laser system market, due to the rising incidences of chronic diseases such as diabetes and obesity. Asia-Pacific is growing with the highest rate, due to unaddressed need for medical treatment in developing countries such as, India and China in the region.

Medical Laser Systems are used to produce a monochromatic beam of light containing a specific wavelength and it is strongly concentrated. The demand for lasers in the field of medicine is rising rapidly, due to the flexibility of its light. Power, pulsed or continuous wave operation, and wavelength of laser, define the characteristics of laser light.

On the basis of products, the medical laser system market can be categorized into solid state laser systems, diode laser systems, dye laser systems and gas laser systems. The diode laser system leads the medical laser system market and is expected to grow in the coming years, due to its varied medical applications such as, numerous aesthetic treatments and photodynamic therapy. Solid state laser system is expected to grow with the highest rate, due to its numerous modifications having specific applications in medical related treatments such as, periodontology, tattoo removal, skin treatment and vein removal.

Gas laser systems include metal vapor lasers, excimer lasers, argon lasers, helium-neon lasers, krypton lasers and CO2 lasers. Solid state laser systems include, erbium yttrium aluminum garnet lasers, alexandrite lasers, holmium yttrium aluminum garnet lasers, ruby lasers, potassium titanyl phosphate and neodymium yttrium aluminum garnet lasers.

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Meeting the need for laser treatment globally in several applications such as, cardiovascular diseases, dermatology diseases, and technological advancements are the key strategies for the competitors in the medical laser system market. Some of the major competitors in the medical laser system market are Cardiogenesis Corporation, Bausch & Lomb Holdings, Inc., Photomedex, Inc., IRIDEX Corp., American Medical Systems, Inc., Syneron Medical Ltd., Lumenis Ltd., Alcon Laboratories, Spectranetics Corporation, Inc., and Biolase Inc.