Category: Pharmaceutical

Dermatology Devices Market to See Huge Growth by 2022 | Companies Erbe Elektromedizin GmbH, Johnson & Johnson Private Limited, Medtronic Plc, Smith and Nephew Co.

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Post date August 30, 2021

The global dermatology devices market is estimated to expand at an above-average CAGR over the forecast period (2017-2022). The global market for dermatology devices is expected to account for over US$ 1,000 Mn revenues by 2022-end. Dermatology devices have been installed in various hospitals and dermatology clinics for assisting physicians in treatment of skin disorders.

Procedures associated with non-invasive cosmetic correction have witnessed a surge in demand, with growing geriatric population, soaring healthcare expenditure, and rising disposable income of people in developing and developed countries. In contrast, high costs of dermatology devices have made the dermatological treatments expensive, which may act as a restraining factor to adoption of these treatments. Moreover, several side effects are associated with dermatological treatments, which in turn, incurs significant challenges for leading players in the global dermatology devices market.

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The prevalence of skin-related disorders has been increasing around the world. As per “The Skin Cancer Foundation”, more than 10,000 people died owing to melanoma in 2016. In order to lower such high mortality rates, diagnosis of skin diseases, such as skin cancer. In addition, several diagnostic equipment have been utilized for treating various types of skin cancer. For instance – dermatoscopes are playing an indispensable role in detecting melanoma, with evaluation of the pigmented lesions.

A number of technological advancements are being made in dermatology devices, for example – laser instruments, and light therapy improved aesthetic appeal of people. The advanced liposuction equipment have improved body contouring treatment. Power- and vibration-assisted liposuction devices have aided in reducing significant amount of fat in shorter time period. Developments such as these will impact growth of the market in the upcoming years.

9 Key Estimations for the Global Dermatology Devices Market

Radiofrequency electrosurgery devices are expected to remain the most lucrative product in the market, and sales of these devices are estimated to account for more than one-third revenue share of the market over the forecast period.
Revenues from ultrasonic electrosurgery devices sales are anticipated to hold the lowest share of the market.
Although hospitals are estimated to remain the largest end-users in the global dermatology devices market, sales of these devices in dermatology clinics are expected to register the highest CAGR during the forecast period.
On the basis of application, dermatology devices are anticipated to witness the largest adoption in procedures of hair removal.
Stretch marks reduction will continue to be the second largest application of dermatology devices in the market.
North America is estimated to remain dominant in the global market for dermatology devices, in terms of revenues.
Dermatology devices sales across Asia Pacific excluding Japan (APEJ) are expected to exhibit the fastest expansion over the forecast period, followed by Europe.
Europe is projected to remain the second most lucrative market for sales of dermatology devices.
Key market players profiled in the report include Erbe Elektromedizin GmbH, Johnson & Johnson Private Limited, Medtronic Plc, Smith and Nephew Co., B. Braun Melsungen AG, Heal Force Bio-meditech Holdings Limited, Bovie Medical Corporation, and AngioDynamics, Inc.

North America to Remain Dominant in the Global Dermatology Devices Market

North America is projected to retain its dominance in the global dermatology devices market, in terms of revenues. Sales of dermatology devices in Asia Pacific excluding Japan (APEJ) will exhibit the highest CAGR through 2022, followed by Europe. Europe will continue to remain the second largest market for dermatology devices over the forecast period.

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Radiofrequency electrosurgery devices will remain the most lucrative dermatology devices, and revenues from sales of these devices will account for over one-third share of the market during 2017 to 2022. Sales of ultrasonic electrosurgery devices are expected to account for the lowest revenues in the market.

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Veterinary Endodontics Market: A recent study by Fact.MR on the Veterinary Endodontics market offers an unbiased analysis on the opportunities and trends through 2021 and beyond. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the challenges, restraints, and opportunities for key market players along with key stakeholders and emerging players.

Therapeutic Support Surface Market: A detailed assessment of Therapeutic Support Surface Market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the market along with their product portfolios enhances the reliability of this comprehensive research study.

Computer-Assisted Orthopedic Surgery Market: Fact.MR delivers a detailed analysis on global Computer-Assisted Orthopedic Surgery Market with the strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period.

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Tags Dermatology Devices Market, Dermatology Devices Market Insight, Dermatology Devices Market intelligence, Dermatology Devices Market report, Dermatology Devices Market research report Dermatology Devices Market analysis, Dermatology Devices Market research surveys, Dermatology Devices Market share, Dermatology Devices Market size, Dermatology Devices Market strategy, Dermatology Devices Market survey, Dermatology Devices Market trends

Pharmaceutical

Bone Growth Stimulator Market to See Huge Growth by 2031 | Companies Ossatec Benelux B.V., Johnson & Johnson, Stryker Corporation, Medtronic plc.

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Post date August 30, 2021

A recently published Fact.MR report on the global bone growth stimulators market establishes that the industry is expected to grow at a CAGR of 5.3% to reach US$ 3 Bn by the end of the 2021-2031 forecast period. Short-term growth outlook also appears positive, with an anticipated valuation worth US$ 1.9 Bn by 2022.

During the historical period, sales of bone growth stimulators reached US$ 1.8 Bn, expanding at a CAGR of 4%. Postponement of elective procedures amidst the COVID-19 pandemic temporarily contracted demand in the first half of 2020. As relaxations were granted, demand eventually was restored on its former trajectory.

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Medical study indicates that utilizing electrical bone growth stimulators in the spinal fusion process has several advantages. Furthermore, as a consequence of key government initiatives, as well as large investments made by numerous commercial organizations, there has been a considerable increase in research and development activities related to innovative treatment approaches and product development.

Key Takeaways from the Market Study

Global market for bone growth stimulators to expand 1.6x from 2021 to 2031
Bone growth stimulation devices to account for 56% of global sales
Platelet-rich plasma to exhibit promising growth, surging at above 6% CAGR
BGS for delayed union and non-union bone fractures to account for a CAGR of nearly 6%
Applications for oral & maxillofacial surgeries to produce around US$ 250 Mn in revenue by 2022
China will be the fastest growing market, rising at a CAGR of 6.1 % over the forecast period
Sales across the U.S likely to reach US$ 51 Mn as of 2022
Hospitals & clinics primary end users, accounting for 43% of total market revenue

“Increasing frequencies of traffic accidents and the expansion of healthcare facilities in Asian countries such as China, India, and Indonesia are major drivers of growth in the bone growth stimulation industry,” says a Fact.MR analyst.

Competitive Landscape

The market for bone growth stimulators is extremely consolidated, with a significant number of global competitors. With the growing frequency of orthopedic diseases and technological advancements, a few small to mid-sized businesses are breaking into the market.

In December 2020, Arthrex Inc. launched of the SwiveLock® ACL Repair Kit. This kit is designed as a less-invasive treatment method for certain types of anterior cruciate ligament. It is the first and only FDA-cleared kit for ACL tears.
In November 2020, Stryker Corporation completed the acquisition of Wright Medical Group N.V, a global medical device company focused on extremities and biologics, reinforcing its position in trauma and extremities treatment domains.

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More Insights Available

Fact.MR, in its new report, offers an unbiased analysis of the global bone growth stimulators market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031.

The study reveals growth projections on the bone growth stimulators market on the basis of product (bone growth stimulation devices, platelet-rich plasma and bone morphogenic proteins), end user (hospitals & clinics, home care, academic & research institutions and CROS and other end users) and application (delayed union & non-union bone fractures, spinal fusion surgeries, oral & maxillofacial surgeries and others) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Tags Bone Growth Stimulation Devices, Bone Growth Stimulator Market, Bone Morphogenetic Protein Stimulators, Demand for Bone Growth Stimulators, electrical bone growth stimulators, external bone growth stimulators, Global Bone Growth Stimulator Market, manufacturers of bone growth stimulators, market for bone growth stimulators, Platelet-Rich Plasma Bone Growth Stimulators

Pharmaceutical

Wireless Portable Medical Devices Market is projected to top US$ 33 Billion by 2031

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Post date August 30, 2021

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the global wireless portable medical devices market was valued at US$ 15 Bn in 2020, and is projected to top US$ 33 Bn by 2031, expanding at a CAGR of 11%.

Fact.MR anticipates significant surge in demand for wireless portable medical devices attributable to factors such as increasing adoption of technologically advanced wearables and image-guided therapy systems, coupled with the ongoing trend of accurate and real-time monitoring.

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Rising geriatric population, changing lifestyle, unhealthy eating habits, and environmental factors increase the burden of diseases. Rising need for monitoring the physical activities of individuals for early diagnosis or prevention of diseases is expected to drive demand for wireless portable medical devices.

Continuous development of innovative electronic devices, low-cost medical facilities, and continuous support by various governments is leading towards heavy investments in research & development in healthcare and also wireless portable medical devices.

wireless portable medical devices market by FactMR

Key Takeaways from Market Study

Revenue from sales of wireless portable medical devices topped US$ 15 Bn in 2020, and is expected to cross US$ 33 Bn by 2031.
Key factors driving demand for wireless portable medical devices are rise in technologically advanced monitoring devices and growing need for accurate and real-time monitoring.

North America holds the largest revenue share for wireless portable medical devices of around 42%.
Demand for wireless portable medical devices in Asia Pacific is expected to expand at a CAGR of 11% over the next ten years.
Demand for wearable devices is expected to surge at a CAGR of 19% over the forecast period.
Application of wireless portable medical devices in gynaecology is expected to witness growth at a healthy CAGR of 14% through 2031.

“Increasing awareness towards technological advancements in the healthcare industry, will, in turn, propel demand for wireless portable medical devices over the coming years,” says a Fact.MR analyst.

Winning Strategy

Most major companies are adopting key strategies such as collaborations, mergers, and acquisitions to develop novel products and innovative solutions to expand their global presence. Major players are also focusing on strategic partnerships and acquisitions to consolidate their market position.

New and upcoming companies will be benefitted by investing in R&D projects involved in product innovation. Directing investments towards technological advancements and new attractive product launches will prove to be favourable in the long run.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the wireless portable medical devices market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of product (therapeutics, smart wearable medical devices, diagnostic imaging, monitoring devices, neuromonitoring, cardiac monitoring, respiratory monitoring, neonatal monitoring, fetal monitoring, vital sign monitors, and hemodynamic monitoring systems) and application (cardiology, orthopaedics, gynaecology, urology, gastrointestinal, and neurology), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).

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Pharmaceutical

Surgical Equipment Market to See Huge Growth by 2030 | Companies Medtronic plc, CONMED Corporation, Olympus Corporation, Stryker Corporation

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Post date August 30, 2021

Surgical equipment comprises electrosurgical and endomechanical devices that are used for minimally-invasive surgeries as well as open or invasive surgeries. Some of the common endomechanical surgical devices are staplers, litigation kits, trocars, and forceps. Electrosurgical devices, on the other hand, use high frequency electrical current to desiccate, cut, or coagulate tissues. In the coming years the market will witness greater demand as minimally-invasive procedures become more widespread.

Also, with expansion of the healthcare sector, demand for advanced technologies and surgical equipment is forecast to surge. With governments across high potential markets working to make healthcare more affordable and accessible, prospects for growth of the surgical equipment market are expected to get stronger. Further, rising incidence of chronic ailments and increasing cases of accidents, worldwide, will make advanced surgical equipment highly important for administration of required care and treatment.

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All in all, the global surgical equipment market is poised to expand at a CAGR of around 4%, and reach a valuation of close to US$ 15 Bn by the end of 2030.

Key Takeaways from Surgical Equipment Market Report

The surgical equipment market has a fragmented vendor landscape. Low- and middle-scale companies are competing against established players.
Sales scope for the market is forecast to surge with increasing penetration of robotics surgery. Rising investments towards advanced procedures in hospitals and healthcare centers will drive growth.
Among the end users, hospitals are expected to account for a leading share in the surgical equipment market.
Regionally, North America is expected to hold dominance. Europe will emerge as the second-leading market for surgical equipment.

“With increasing number of players focusing on research & development, launch of novel technologies is on the cards. This will also help the market recover its pace of growth once the COVID-19 crisis passes,” says a Fact.MR analyst.

Risk of Exposure to COVID-19 Threatens Growth

Surgical equipment are at high risk of getting infected. It has therefore become increasingly crucial for hospitals and other healthcare facilities using these instruments to properly sterilize them. These organizations are under strict vigil of internal organizations as the fight against containing the novel coronavirus continues.

Policies are stricter within countries most affected by the COVID-19 outbreak. Medical facilities in these nations are under immense pressure to ensure surgical equipment are properly sterilized. In order to ensure better safety, several manufacturers in the surgical equipment market are adopting precautionary measures to effectively clean and sterilize their equipment before they are delivered to medical facilities. This means that manufacturers as well as end users are likely to incur more expenditure on the maintenance and sterilization of these equipment. This factor could hamper the growth of the surgical equipment market to some extent.

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More Valuable Insights on Surgical Equipment Market

Fact.MR, in its new offering, presents an unbiased analysis of the global surgical equipment market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the surgical equipment market on the basis of product (surgical sutures & staples, surgical handheld instruments, and electrosurgical devices), application (ophthalmology, gynecology, general surgery, bariatric surgery, plastic surgery, and others), and end user (hospitals, ambulatory services, and clinics), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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Tags advanced surgical equipment, Electrosurgical devices, Global Surgical Equipment Market, Surgical Cutting Instruments, Surgical Equipment Market, Surgical Handheld Instruments

Pharmaceutical

Chemiluminescence Immunoassay (CLIA) Analyzers Market is expected to reach US$ 7.6 Bn in the forecast period of 2021-2025

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Post date August 30, 2021

Laboratories across the world are increasingly adopting chemiluminescence immunoassay (CLIA) technology to label antibodies. Chemiluminescent methods serve as important tools in biomedical research. The number of clinical tests incorporating CLIA techniques is forecast to be leveraged, attributed to technological breakthroughs in disease diagnostics and rise in demand for preventive diagnostics and treatment monitoring.

On the back of these trends, the global chemiluminescence immunoassay market is projected to expand positively at a CAGR of 6.4% in the forecast period (2020-2025). Besides, international collaborations amongst global laboratories as well as rising test volumes has necessitated adoption of semi-automation and integration of testing facilities. This is anticipated to be a major driver behind the growth of the CLIA market.

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Key Takeaways of Global CLIA Market Study:

Semi-automated analyzers are anticipated to expand healthily at a CAGR of 6.4% during the forecast period. An uptick in the number of market players offering integrated systems and prevalence of multiplexed analyzers are poised to drive the segment’s growth.
However, the reagents segment is set to retain its dominance in the global CLIA market, owing to its affordability and shorter test duration. The segment is set to account for almost three-fourths of the global CLIA market.
By application, the endocrine disorders segment promises impressive growth opportunities. Major factors responsible for its growth are continuous innovations in test offerings and wide production portfolios of key manufacturers. Projections indicate a market share of almost half and a CAGR of 6.9%.
By end-use, clinical laboratories are forecast to register relatively high CAGR of 6.6%. This is attributed to rising penetration of private laboratories and growing preference of patients for clinical laboratories. Moreover, expanding base of clinical laboratories and increase in number of test procedures are likely to drive the clinical laboratories segment growth.
Regionally, North America shall retain its hegemony over the CLIA market, owing to a burgeoning demand for faster and specific diagnosis to aid decision-making amongst end-users. Anticipated market share for the region amounts to nearly two-fifth of the global CLIA market.
Asia-Pacific shows lucrative growth prospects. This is due to gradual adoption of novel products incorporating CLIA technologies, rising market competition amongst key players and greater accreditations to establish more laboratories. The region is anticipated to capture a quarter of the global CLIA market.
Significant growth opportunities exist for the global CLIA market in the wake of the ongoing COVID-19 pandemic. Companies have bolstered their operations in order to find potential diagnosis and cure for the novel coronavirus disease. An example of this is the ongoing study on a peptide-based magnetic chemiluminescence enzyme immunoassay for serological diagnosis of the COVID-19 disease. This will be the second-only available diagnostic test after the RT-PCR test.
Leading market players, such as Beckman Coulter and Roche AG, have invested heavily in designing several CLIA techniques. Beckman Coulter is testing the implication of indirect measles immunoglobulin (IgM) and Immunoglobulin G (IgG) serology assays on immune reaction towards the SARS-COV2-Virus. This is anticipated to assist them in finding potential growth inhibiting techniques to contain the COVID-19’s spread.

“Expansion of test offerings in innovative disease diagnosis areas and innovation in integrated immunoassay platforms are anticipated to leverage prospects for the global CLIA market in the future. Key manufacturers have capitalized on the aforementioned strategies to broad base their market footprint in key regions,” concludes a Fact.MR analyst.

global chemiluminescence immunoassays market 01

Broad Basing of Testing Services, Rising Innovations to Intensify Market Competition:

Highly consolidated, the global CLIA market is dominated by the following four players: F. Hoffmann La Roche Ltd., Abbott Laboratories, Siemens Healthineers and Beckman Coulter, Inc. The increasing preference for ongoing research to expand test portfolios is anticipated to burgeon the growth of the global CLIA market. Also, innovation in multiplexed assays is poised to drive market growth.

In 2017, the FDA approved Beckman Coulter, Inc.’s Access AMH immunoassay which helps determine the presence of anti-Mullerian hormone (AMH) using recombinant human antigens. At present, the company’s product portfolio incorporates the Access 2 Immunoassay and the UniCel Dxl 600 Access Immunoassay Systems.

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Similarly, F. Hoffmann La Roche Ltd. offers clinical chemistry and immunology analyzers and assays for small, medium and large-scale laboratories. Its products include the cobas4000 analyzer series, the cobas6000 analyzer series and the cobas8000 modular analyzer series. The third player, Abbott Laboratories, manufactures the ARCHITECT ci4100, the ARCHITECT ci8200 and the ARCHITECT ci16200 automatic analyzers.

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Tags Chemiluminescence Immunoassay Analyzers Market, Chemiluminescence Immunoassay consumables market, Chemiluminescence Immunoassay market drivers, Chemiluminescence Immunoassay reagents market, CLIA Market

Pharmaceutical

Dental 3D Printing Market to See Huge Growth by 2027 | Companies EnvisionTEC, Inc., Asiga, 3D Systems, Inc., Prodways Group

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Post date August 30, 2021

Selective laser sintering technology would surpass the adoption rate of vat photopolymerisation technology, as time-efficiency and accuracy are turning into viable features of dental 3D printers. However, value-added features come at a cost-albeit a high one-which could adversely impact the sales of dental 3D printers.

To offset this barrier, public and private initiatives are being taken in North America and Europe, through the introduction of favourable reimbursement plans, which are projected to drive the attention of the masses towards dental care. This, in turn, would encourage dental professionals to adopt advanced 3D printers, given the availability of long-term payback opportunities. A recent study by Fact.MR shows that, the dental 3D printing market is set to witness an impressive CAGR of 15% during the forecast period (2020-2027).

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Key Highlights of Dental 3D Printing Market Study

Recent trend of customisation of dental prosthetics is ensuring better fitting of implants with minimal wastage of materials in a stipulated time, which is projected to intensify demand for dental 3D printing technology.
Incorporation of advanced technologies for the development of dental 3D printers is turning highly cost-intensive, which could limit the penetration of these devices in price-sensitive regions such as the Middle East and Africa.
Continuous evolution of additive manufacturing technology entails a rapid change in the operation of dental 3D printers and their software. Lack of proper training to use such devices could limit adoption opportunities for players in the dental 3D printing market.
Investments from both-public and private sectors-would remain crucial to underpin research & development activities undertaken by players in the dental 3D printing market, to introduce novel technologies in the U.S. and China. Besides this, the Chinese government is braced up to prepare the future workforce by introducing concepts of 3D printing technologies in educational courses.

A market specialist at Fact.MR infers,“Increasing consciousness regarding personality will expand the patient base for dental care from baby boomers to generation Y and Z. Importance of aesthetic dentistry in tandem with demand for tooth-shaded 3D printing materials will open new ground for players in the dental 3D printing market.”

opportunity assessment in dental 3d printing market by technology

Numerous Strategies of Manufacturers Narrowing Down to One Intention – Product Innovation

The consolidated dental 3D printing market offers low entry-level barriers to new entrants, which is increasing the threat of new players, especially the ones that are well-established manufacturers of 2D printers and hold a robust distribution network. However, the dominance of Stratasys Ltd., 3D Systems, Inc., Concept Laser GmbH, and EnvisionTEC Inc. will remain high, with a collective share of nearly 50% during the forecast period.

Leading players adopt numerous strategies with an intent to boost the exclusiveness of their products. For example, Stratasys Ltd., through its in-house expertise, introduced the Stratasys J700 Dental 3D Printing Solution, which is the fastest PolyJet technology-based dental 3D printer used for the production of clear aligner moulds. Another player-3D Systems Ltd.-approaches product breakthrough with the help of collaborations. 3D Systems Ltd. announced the acquisition of Vertex Global Holding B.V., a key provider of dental materials. The acquisition is intended to integrate 3D Systems’ technology with the company’s materials to further advance the extant scope of dental 3D printing technology.

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Find More Valuable Insights on Dental 3D Printing Market

Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global dental 3D printing market, presenting historical demand data (2017-2019), and forecast statistics for the period of 2020-2027. The study divulges compelling insights on the dental 3D printing market on the basis of application (dental implants, crowns & bridges, dentures, and others), material (metals, ceramics, photopolymers, and others), and technology (vat photo polymerization, fused deposition modelling, PolyJet technology, selective laser sintering, and others), across five major regions.

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Tags 3D dental printer manufacturers, ceramic dental 3D printing, demand of advanced 3D dental printers, dental 3D printing manufacturers, dental 3D printing market, dental 3D printing market growth, dental 3D printing technology, global dental 3D printing market, metal dental 3D printing, tooth-shaded 3D printing materials

Pharmaceutical

Influenza Diagnostics Market is Anticipated to Progress at a CAGR of 6% during the Forecast Period 2021 to 2031

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Post date August 30, 2021

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the global influenza diagnostics market is anticipated to top US$ 4 Bn by 2031, and is expected to progress at a CAGR of 5% over the next ten years.

Influenza, also known as flu, is an infectious disease caused due to the influenza virus. It affects the upper respiratory tract in humans. Influenza is common in children and the elderly population (aged 65 years and above). Three types of the influenza virus are type A, type B, and type C.

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Increasing prevalence of influenza, emergence of technologically advanced influenza diagnostics, and growth in research funding for influenza diagnostics are expected to drive the market over the predicted years.

Demand for RIDT (rapid influenza diagnostic testing) is predicted to be significant over the coming years due to rising adoption of cost-effective and faster RIDT as a first line of diagnosis.

influenza diagnostics market by FactMR