Categories
Pharmaceutical

Increasing Healthcare Expenditure to Boost Sales of Medical Marker Bands Through 2029

Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide.

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Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On the back of these factors, Fact.MR- a well-established name in the market research domain-forecasts that the global medical marker bands market will experience a major upsurge, reaching a growth of ~ US$ 28 Mn by 2029.

Key Takeaways of Medical Marker Bands Market

  • According to Fact.MR, growth of the medical marker bands market is expected to increase 1.7X during the forecast year owing to increased usage of medical marker bands in cardiovascular intervention procedures

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  • High visibility under x-ray is expected to be the promising factor for increased use of medical marker bands in critical medical procedures
  • Feasibility of tracking catheter position in a complex endovascular procedure to avoid instrument and vessel collision is boosting the demand for medical marker bands

medical marker bands market by material

Acquisitions and Mergers Signify Growth in a Fragmented Market

  • The medical marker bands market is fragmented. Tier 1 players functioning in the medical marker bands market include Merit Medical Systems, Inc., and Putnam Plastics. Both companies have a high market share owing to their brand recognition and global reach.

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  • Dearth of advanced manufacturing facilities coupled with a large aging workforce and skills gap in countries such as India and China are encouraging export of medical marker bands from other countries such as the U.S., Germany, the U.K., etc. To overcome these issues, key players are focusing on increasing their reach through acquisitions and mergers. For instance:
  • In August 2019, Biomerics merged with Northeast Laser & Electropolish, a contract manufacturer providing services to a wide range of medical device manufacturers. This merger formed Biomerics NLE, a metal division of Biomerics that provide full-service metal processing to the interventional and surgical medical device industry.

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Categories
Pharmaceutical

Medical Marker Bands Sales Soar on the Back of Their Radiopacity and Cost-effectiveness, Says Fact.MR

Fact.MR recently published a market study on the global market for medical marker bands.

Medical Marker Bands Market size is done based on a triangulation methodology that is primarily based on experimental modelling approaches such as patient-level data or disease epidemiology for any key indications , number of procedures and install base analysis for any equipment to obtain precise market estimations  for the base year as well as in historic data analysis.

The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Medical Marker Bands market and quantified with insightful rationale. Bottom-up approach is always used to obtain Medical Marker Bands insightful data for the specific country/regions.

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Key Segments of Medical Marker Bands Market

Fact.MR’s study on the medical marker bands market offers information divided into two important segments – material type and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Material Type
  • Gold
  • Platinum-Iridium
  • Platinum
  • Polymer
  • Palladium
  • Tantalum
  • Other
Region
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

The Market survey of Medical Marker Bands offers a comprehensive analysis of diverse features, including production capacities analysis of Medical Marker Bands, demand, product developments, revenue generation, and Size of Medical Marker Bands Market across the globe.

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Some Notable Offerings by Fact.MR Report on Medical Marker Bands market:

  • We will provide you an analysis of the extent to which this Medical Marker Bands market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Key Parameters analyzed while estimating the Medical Marker Bands market include:

To analyze Drugs/ Therapeutic Area in Medical Marker Bands :

Overall Population by age group/Prevalence or Incidence of any disease/Treatment Seeking Rate/Dosage pattern/Average duration of treatment/Overall treatment cost and Reimbursement are considered.

To analyze Consumables of Medical Marker Bands:

Overall Population/Prevalence or Incidence of disease/treatment seeking rate/ average duration of the treatment/average number of devices used per patient / average number of procedure per device/ average selling price per device/reimbursement are considered.

To analyze Medical Marker Bands Equipment:

Number of Healthcare facilities (Hospitals/Ambulatory Surgical Centers/Clinics etc.)

Average number of devices installed per facilities/ lifespan of the devices/replacement rate of the equipment/new sales of the equipment per year/average selling price per equipment are considered.

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After reading the Market insights of Medical Marker Bands Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Medical Marker Bands market revenue.
  • Study the growth outlook of Medical Marker Bands market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Medical Marker Bands market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Medical Marker Bands Market Players.

Key Takeaways of Medical Marker Bands Market

  • According to Fact.MR, growth of the medical marker bands market is expected to increase 1.7X during the forecast year owing to increased usage of medical marker bands in cardiovascular intervention procedures
  • High visibility under x-ray is expected to be the promising factor for increased use of  medical marker bands in critical medical procedures
  • Feasibility of tracking catheter position in a complex endovascular procedure to avoid instrument and vessel collision is boosting the demand for medical marker bands

Read More Trending Reports of Fact.MR: – https://www.biospace.com/article/medical-education-market-flourishing-on-the-back-of-on-line-mode-of-education-fact-mr/

How Fact.MR Assists in Making Strategic Moves For Medical Marker Bands Market Manufacturer?

  • The data provided in the Medical Marker Bands market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com