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Automated CPR Devices Market to Undertake Strapping Growth by the End 2020

Cardiopulmonary resuscitation (CPR) is an emergency and lifesaving technique consists of chest compression and artificial ventilation. CPR is performed to maintain the blood flow and oxygenation to brain in case of cardiac arrest. CPR main function is to maintain partial flow of oxygenated blood to brain and heart. The main purpose is to delay tissue death to achieve successful resuscitation and protecting brain from permanent damage.

Increasing number of incidences has shown that manual chest compression in CPR is not effective as compared to actual clinical setting. Recent clinical investigations have demonstrated that improved hemodynamic effect and better coronary perfusion and increase incidence of return of spontaneous circulation can be achieved by mechanical and automated compression devices.
Classification of CPR devices
  • Pneumatic driven
    • Thumper
    • LUCAS
  • Battery driven
    • AutoPulse

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Effective CPR can improve the survival rate of patients with cardiac arrest. It has been found that the quality of CPR performed by healthcare professionals in hospital and out of the hospital is poor. Assessment of CPR practices by medical professionals revealed that chest compressions are few and ineffective and have significant pauses during compression that results in decrease of survival rate. Automated CPR devices have overcome these drawbacks by the use of mechanical automated chest compression device, which may lead to improve perfusion pressures by overcoming the drawbacks of conventional manual CPR. Clinical and laboratory studies have shown, blood pressure level getting normal with automatic chest compression devices and enhanced neurological outcomes following extended cardiac arrest. According to American Heart Association, around 92 percent victims of sudden cardiac arrest die before reaching to hospital. According to statistics it has been proved if more people are aware of CPR, more lives could be saved.

Application of CPR immediately can increase the survival rate of victims significantly. A study by American Heart Association states that 70% Americans feel helpless in case of cardiac emergency for the reason that they are not aware of how to administer CPR. The Automated CPR Devices market has been witnessing an increasing and continuous growth. Many factors are responsible for the growth such as increasing rate of heart diseases, trauma, respiratory illness, geriatric population, increased accessibility to healthcare, growing prevalence of lifestyle diseases.

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Geographically, the global automated CPR devices market is segmented into four major regions: North America, Europe, Asia-Pacific and Rest of the World (RoW). In terms of geography, North America followed by Europe account for the largest market share of automated CPR devices market due to upcoming new technologies, high disposable income, growing geriatric population and favorable regulatory framework . However, Asia Pacific market is also witnessing a very positive growth due to the growing unmet medical and healthcare needs, increasing prevalence of chronic diseases, encouraging reimbursement scenarios and high adoption rate of precise medical instruments.

The automated CPR devices market is highly developing due to the participation of many new players in this market. New entrants are focusing on new technologies and introducing new product into the market. In addition, the market is expected to witness a high growth rate due to the growing demand for better products.

Some of the major players in automated cardiopulmonary resuscitation (CPR) market are ZOLL Medical Corporation, Zhuhai Kindway Medical Science & Technology Co., Ltd, CPR Medical Devices, Inc., Medtronic, Inc.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Bioelectronics Market to Observe Strong Development by 2024

Global Bioelectronics Market

Bioelectronics is an emerging branch of medical science dealing with combined application of the principles of biology and electrical engineering. This is a crucial field in medicine and has led to the development of vital devices such as the artificial pacemaker and the plethora of medical imaging devices that are available today. Since electricity is a major part of the human body’s operating system, the bioelectronics field holds a lot of promise in the coming years.

The major tools of bioelectronics are neural networks, bioelectromagnetics, robotics, sensors, etc. Notwithstanding the immense contribution bioelectronics is making to the field of medicine even in its early days, its role in healthcare is expected to grow massively in the coming years, affecting such disparate medical specialties as spinal injuries and vision disorders. Extensive R&D into bioelectronics will also help the rising home health care market by enabling on-site diagnosis with ease. Apart from medical and life sciences research, bioelectronics is also used in environmental monitoring, with demand from the latter expected to increase rapidly in the coming years due to growing acknowledgement of the danger of global warming.

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Global Bioelectronics Market: Drivers and Restraints

The primary driver of the global bioelectronics market is, naturally, rising demand from the health care sector. Due to the increasing prevalence of several neural and cardiac diseases, the demand for bioelectronics devices and technology has shot up. Cancer is another increasingly prevalent disease driving the demand for bioelectronics globally. The higher precision offered by bioelectronics products in comparison with the traditional diagnostics tools is one of the major factors propelling the global bioelectronics market.

The rising demand for personalized medicine and home care is also a major driver of the bioelectronics market. Allied to telehealth and telemonitoring technologies, bioelectronics forms a crucial part of the network required to monitor patients in such cases. Sensors developed through bioelectronics research are significantly rising in demand, driving the global bioelectronics market.

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The high demand for implantable medical devices, including vital devices such as ear implants, gastric implants, and pacemakers, is another factor boosting the expansion prospects of the global bioelectronics industry. Since many of these implants have vital importance to their users or are necessary for their users to carry out day-to-day activities, the demand for these and other implantable devices is expected to rise in the coming years, driving the global bioelectronics market.

On the other hand, the lack of high-resolution imaging technology in remote areas and the high cost of advanced bioelectronics products are the two major restraints acting on the bioelectronics market. The resolution of medical imaging devices is a highly researched topic in the modern world and is expected to be steadily improved. The high costs of bioelectronics products could also level out with growing demand in the coming years.

Global Bioelectronics Market: Regional Overview

Europe is currently leading the global bioelectronics market, with Asia Pacific and North America following it closely. Europe has been a major hub for bioelectronics and other medical research for several years, and the early adoption and development of bioelectronics products has helped boost the demand for the same. The European market is expected to remain in the lead in the coming years, while North America, and the U.S. in particular, is expected to make rapid progress. Major bioelectronics market players include Bioelectronics Corporation, Danaher Corporation, Medtronics, Roche, Siemens AG, and Beckman Coulters.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Surgical Sutures Market at a 3.9% CAGR Between 2017 and 2025

The international market for surgical sutures comprise a to a large extent a combined and consolidated vendor scene, with the top five companies holding for more than 65% of the total market in the year 2015, discovers Transparency Market Research (TMR) in its current report. The market makes an inclusion of an increasing price war because of the increase of numerous household players making an offer of items at low costs. These market players, particularly Cardinal Health, Medela AG, Integra LifeSciences Corporation, Acelity L.P. Inc., and Smith and Nephew plc dominate the global market for surgical sutures market with the help of product diversification and innovation and sound relationship with their clientele.

Surgical sutures refer to those products that are used regularly for the closure of wound during the procedures of surgery and thus create an indispensable part of surgical procedures in almost all of the medical specialties. Irrespective of the emergence of a wide variety of improved wound-care products, like hydrogel dressings, skin substitutes, and alginate/fiber dressings, surgical sutures continue to be utilized in a wide range of surgeries like orthopedics surgery, gynecological surgery, neurosurgery, urological surgery, general surgeries, cardiovascular surgery, and plastic surgery.

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In accordance with the estimations of Transparency Market Research, the international market for surgical sutures account for an incremental opportunity of around US$ 5,080.1 mn in the forecast time period that extends from 2017 to the year 2025. The market is projected to register a CAGR of around 3.9% over the said forecasted period.

Asia Pacific to Offer Lucrative Opportunities Over the Period of Forecast

Taking geographical facet of the market into consideration, the region of North America ruled over the world market for surgical sutures in the year 2016, and accounted for around 35% of the said world market. The said regional market is also anticipated to retain its supremacy over the period of forecast. The surgical sutures market of North America is forecasted to register a growth rate of around 3.8% CAGR from the year 2017 to 2025. The supremacy of the North American market and its promising prospects of growth for the future are primarily attributed with the early adoption of better treatment procedures, soaring number of surgeries, high occurrences of cardiovascular diseases, and growing number of surgeries

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The market in Asia Pacific, however, is estimated to exhibit a very promising CAGR from the year 2017 to 2025. Various growth promoting factors comprise the growing level of consciousness amongst people, flourishing industry of medical tourism owing to low treatment cost, and the immense rise in the prevalence of lifestyle diseases. The increasing prevalence of various disorders that are related to gallbladder and bile ducts, the thyroid gland, liver, pancreas, colon, esophagus, stomach, and small bowel are further fuelling the market for surgical sutures in the Asia Pacific. In accordance with the American heart association, half of the international cardiovascular burden is forecasted to take place in Asia Pacific in few years to come.

Innovation and Technological Advancement in the Healthcare Industry to Stimulate Market Growth

The increasing interest for surgical sutures across the globe is majorly attributed with exploding world populace, rapidly expanding geriatric population, increased quantities of surgical techniques, growing ability of the world population to spend on health services and healthcare facilities, and increasing expendable salaries. Innovation and technological advancement enabling the improvement of suture materials that are apt for enhanced wound tissue estimation and conclusion time, which, in turn, increase the value of the last after-effect of the surgeries, are therefore additionally filling the take-up of surgical sutures worldwide. Furthermore, the vast upgrades pertaining to the social insurance facilities are also bolstering the demand for surgical sutures.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Patient Warming Devices Market at a CAGR of 5.3% Between 2016 and 2024

According to a new report published by Transparency Market Research (TMR), the vendor landscape of the global patient warming devices is extremely competitive. Companies within the market are striving  to add new products to their portfolio by forming strategic alliances with other companies. Companies are also extending partnerships and collaborations with other companies in order to expand their geographical reach. TMR recommends that players within the global patient warming devices could benefit considerably if they were to focus more on product differentiation. Leading players within the global patient warming devices market are 3M Health Care, Inspiration Healthcare (INDITHERM), C. R. Bard, Inc., ZOLL Medical Corporation, Smiths Medical, Medtronic plc, Stryker Corporation, GE Healthcare, and Philips Healthcare.

According to TMR, the global patient warming devices market will be worth US$2.78 bn by the end of 2024. On the basis of geography, North America is expected to continue to lead in the market, followed by Europe. However, it is Asia Pacific which is estimated to exhibit the fastest CAGR during the forecast period. By product, it is expected that surface warming system will witness high demand. On the basis of application, acute care is gaining immense traction while the perioperative care segment is leading. As there is a rise in the incidence of illnesses and disorders which require surgical intervention that is often accompanied by hypothermia, it is anticipated that the perioperative care segment will witness a high-growth in the patient warming devices market.

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Increasing Number of Patients Undergoing Surgical Procedures Creating a Heightened Demand for Patient Warming Devices

According to the lead author of this report, “the rising need for managing body temperature of patients who undergo surgical procedures which involves the use of anaesthesia is behind for patient warming devices.” As patients after a surgery experience a drastic drop in their body temperature on account of the use of anaesthesia, there is a requirement for patient warming devices. Also, the rise in the incidences of chronic diseases will favour the growth of the global patient warming devices market. In addition to this, the rising prevalence of cardiovascular conditions as well as oncological conditions will drive the demand for these devices for the as the usually leads to surgical interventions.

Rising Incidences of Premature Births to Bolster Growth

Another important factor which is expected to fuel the demand for patient warming devices is the rising rate of premature births as well as the growing number of neonates. An increase in the number of geriatric population who are more vulnerable to various chronic disorders will also be a factor which is responsible for the growth of this market. An increasing incidence of musculoskeletal disorders on account of sedentary lifestyle and long hours spent in offices will also create a favourable environment for the growth of this market, said a TMR analyst.

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Side Effects Associated with Use of Patient Warming Devices to Discourage Use

The report not only discusses the various factors boosting the growth of this market but also discusses the various factors which are expected to act as challenge. The implementation of patient warming devices can pose risk of serious side effects invasive nature. This is expected to discourage their use to some extent. The high excise duties imposed on patient warming devices will also pose a challenge.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Transparency Market Research
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Life Science Microscopy Devices Market at a CAGR of 6.5% Between 2016 and 2024

The demand within the global market for life science microscopy devices has been rising on account of advancements in the domain of medical research and development, finds Transparency Market Research (TMR). The competitive dynamics of the global life science microscopy devices market largely hinge onto the growth of the medical industry. As medical experiments and researches improve, the market vendors in the global life science microscopy devices are projected to improve their standards of manufacturing. Furthermore, these vendors are expected to invest huge amount of money in developing seamless microscopy devices. The leading vendors in the global life science microscopy devices market have stayed inclined towards investing in core research and development. This has in turn helped these established vendors stay relevant in the contemporary times.

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The small-scale vendors in the global life science microscopy devices market also stand a chance to expand their profit margins. These vendors are projected to follow the growth model of leading vendors in the years to come. Mergers between large players, or a large and a small player, are also expected to be a key trend within the global life science microscopy devices market. The global market for life science microscopy devices consists of the following vendors:  JOEL Ltd., Hitachi High-Technologies Corporation, FEI Company,  Leica Microsystems, and Carl Zeiss Microscopy GmBH.

Transparency Market Research (TMR) finds that the global life science microscopy devices market would expand at a sturdy CAGR of 6.5% over the period ranging from 2016 to 2024. Furthermore, the global life science microscopy devices market is expected to reach a value of US$2.0 bn by 2024-end, rising up from a value of US$1.1 bn in 2015. On the basis of geography, the demand within the market for life science microscopy devices in North America is expected to expand at a stellar rate.

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Advancements in Microbiology to Propel Demand

The global life science microscopy devices market is projected to attract voluminous revenues in the years to come. The advancements in several research domains including pathology and cell biology has played a crucial role in the growth of the global life science microscopy devices market. Furthermore, the need for improved research practices in the domain of microbiology has also aided the growth of the global life science microscopy devices market. Moreover, the quest of the medical fraternity to find new and improved drugs and medications shall also propel demand within the global life science microscopy devices market.

Use of Microscopy in Pharmacology to Aid Market Growth

Life science microscopy devices have applications in the field of pharmacology, and the former has emerged as a revenue-generating industry. Hence, the global market for life science microscopy devices is expected to expand at a stellar pace in the years to come. Moreover, the field of toxicology has also become a key consumer within the global life science microscopy devices market in recent times. To add to this, developments in neurosciences are also slated to contribute to the growth of the global life science microscopy devices market.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Transparency Market Research
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North America Aesthetic Services Market a Value of US$28.1 bn by the End of 2024

The North America aesthetic services market is prophesied in a report by Transparency Market Research (TMR) to remain highly competitive for the next few years. Players could look to invest for achieving technological advancement and focus on product innovation. Talking about technological advancement, development of minimally invasive procedures is a good instance to follow. The market witnesses the presence of top players such as Riverchase Dermatology and Cosmetic Surgery, Advanced Dermatology & Cosmetic Surgery, and Dermatology Solutions Group.

TMR anticipates the North America aesthetic services market to be valued at a US$28.1 bn by the completion of 2024 while posting a 7.7% CAGR during the forecast tenure 2016-2024. By end user, dermatology clinics and cosmetic centers could exhibit a prominent CAGR of 8.6%. In 2016, the U.S. earned maximum revenue of US$14.7 bn. The country is expected to continue raking in a larger amount of revenue in the coming years.

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Technological Advancement of Energy-based Aesthetic Devices Pushes Demand

There could be a number of factors working in the favor of the North America aesthetic services market. Availability of user-friendly products and rising demand from men besides women are foreseen to improve the growth of the market. Players could cash in on technological developments of energy-based aesthetic devices to secure a strong position in the market. Rising awareness about cosmetic procedures among consumers could be another factor helping with market growth. Expanding geriatric population and swelling adoption of minimally invasive procedures are projected to augur well for the market.

High preference for less painful treatments and those with shorter hospital stay is foretold to bring in good prospects in the market. Demand for liposuction procedure ensued from worrying increase in obese population could also turn the focus to aesthetic services.

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Low Focus on Devices Used for Dermatological Treatments Applies Brakes on Growth

The North America aesthetic services market is expected to gather pace in the near future. However, there could be a few factors arresting its growth. Reduced focus on the development of devices for treating dermatological conditions and tight safety regulations could hamper the demand in the market. Nonetheless, high incidence of skin diseases, increasing improvement of healthcare and medical infrastructure, and rising awareness among consumers, especially in the U.S. are forecasted to create ample of opportunities in the market.

Demand for removal of unwanted fat and skin tightening amid the emergence of innovative mechanical devices for non-invasive procedures could bode well for the North America aesthetic services market. Recently, there has been a telling demand for facial contouring and breast enhancement witnessed in the region.

The information presented in this review is based on a TMR report, titled “Aesthetic Services Market (Service – Surgical (Skin Tightening and Body Contouring, Facial Contouring, and Facial Rejuvenation), Non-surgical (Dermabrasion and Microdermabrasion, Dermal Fillers (Botox and Dermal Fillers), and Laser Treatment (Scar Treatment, Tattoo Removal, and Hair Removal)), and Reconstructive Procedures (Breast Enhancement, Tissue Expansion, and Burn Repair Surgery); End User – Hospitals, Dermatology Clinics and Cosmetic Centers, and Ambulatory Surgery Centers) – North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research
90 State Street,
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Smart Medical Devices Market at a CAGR of 7.8% to Reach US$66.1 bn by 2024

The global smart medical devices market is envisioned in a report by Transparency Market Research (TMR) to find brand recognition, geographical presence, and product portfolio forming the basis of competition between leading players. Top companies such as Apple Inc., F. Hoffmann-La Roche Ltd., and Abbott Laboratories are expected to stay ahead of their competitors while attracting the much needed attention of consumers in the global smart medical devices market.

These players may rely on their blockbuster products to make their presence known in the global smart medical devices market. They accounted for a collective share of 43.0% in 2015. Product penetration and innovation could be among go-to strategies to take the lead in the global smart medical devices market.

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TMR foresees the global smart medical devices market to post a 7.8% CAGR between 2016 and 2024 to reach a valuation of US$66.1 bn by the final forecast year. The global smart medical devices market was worth a US$38.9 bn in 2017. By 2024, diagnostic and monitoring devices could bag a lion’s share of 47.4% of the global smart medical devices market. Regionally, North America is projected to take the driver’s seat of the global smart medical devices market while posting a 7.5% CAGR.

Increasing Number of Geriatrics Vulnerable to Various Diseases Stokes Demand

The global smart medical devices market is forecast to attract high growth opportunities due to the increase in geriatric population susceptible to a wide range of diseases. The growing need for efficiently managing diseases could be a primary factor stoking the demand in the global smart medical devices market. In this regard, it could be said that the healthcare industry can largely benefit from the use of advanced properties of smart medical devices.

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On the other hand, technological development, increasing patient awareness, and high adoption of smart ways of dealing with diseases are foretold to set the tone for significant growth in the global smart medical devices market. Rising investment is forecast to support the expansion of the global smart medical devices market.

Emerging Countries Show Low Adoption Considering Smart Medical Devices as Luxury

The global smart medical devices market may face the brunt of most products being labeled as “luxury items” in developing countries. Another growth deterrent of the global smart medical devices market could be the high cost of products. Privacy concerns regarding the exposure of patient data could also arrest the demand in the global smart medical devices market.

However, improving awareness about various products offered in the global smart medical devices market and their increased sales in niche markets are predicted to promise strong growth prospects in the near future. Low entry barriers could be a massive encouragement for new players of the global smart medical devices market.

The information presented here is based on a TMR report titled “Smart Medical Devices Market (Product – Diagnostic and Monitoring Devices, Therapeutic Devices, and Injury Prevention and Rehabilitation Devices; Modality – Portable and Wearable; End User – Hospitals, Clinics, and Home Care Settings) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research
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Technology Spending on Core Administration in Healthcare Market at a CAGR 5.7% By 2024

There are numerous well-entrenched large players providing core administration solutions for the healthcare industry. They provide software, hardware, and services. This makes the market not just fragmented but also highly competitive. The top notch players are seen eyeing the untapped markets in China, Brazil, and India which are relatively under tapped. To that end they are focusing on mergers and acquisitions of regional and local companies which would enable them to make easy inroads into their markets.

As per a report by Transparency Market Research, the worldwide technology spending on core administration in healthcare market will likely rise to US$42,317 mn by the end of 2024 from around US$25,900 mn in 2015 by registering a steady CAGR of 5.7%.

Among some of the prominent end users of core administration solutions in the healthcare industry, the segment of payers held a lion’s share of 88.0% in the market in 2015. Going forward too, it is predicted to drive substantial spending in core administration in the healthcare industry. From a geographical standpoint, North America led the market with half the share in 2015. In the near term as well North America will lead the market because of the increasing scarcity of resources for patient-centric processes and inadequate number of skilled workforce for managing administrative processes.

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Emphasis on Value-based Reimbursement Systems Drives Market

A prominent driver of technology spending on core administration in the healthcare market is the increasing thrust on value-based reimbursement systems. This is fuelling uptake of IT solutions in the domain of healthcare. Elaborates the lead analyst of our report, “Growing convergence of myriad digital platforms for managing and processing the burgeoning data on healthcare, continued changes in healthcare reimbursement rules and systems, and growing tribe of tech savvy patients are serving to make healthcare administration increasingly complicated. This has helped to up technology spending on core administration in healthcare market.”

With cost competition at its zenith in the healthcare industry, insurance agencies, also called payers, are egging healthcare providers to opt for a value-based reimbursement module from a volume-based one. Despite having cost benefits, value-based reimbursement modules are fraught with financial risks for those providing them. This necessitates proper management of core administrative processes to reduce costs. This, in turn, needs a solid IT infrastructure and also an integrated platform wherein the payers can streamline workflows for provider contracting and engagement. Over the course of the next couple of years, the pressing requirement for such platforms is expected to fillip technology spending on core administration in the healthcare sector.

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Outdated Technology and Applications Hamper Growth

Despite such a promising outlook, the spending on technology for core administration in the healthcare sector is predicted to be clipped by the usage of outdated technology and applications in various delivery and data collection nodes, continuously changing reforms in the healthcare domain, and changing methods of financial transactions. Besides, inadequately trained healthcare professionals unable to handle complicated and time-consuming features in sophisticated digital healthcare applications is also hampering such spending.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research
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Latex Medical Disposables Market is Expected to Rise up US$6.4bn by the End

Leading five companies held 60.0% share in 2015 that made the global latex medical disposables market fragmented. These companies were C.R. Bard, Top Glove Corporation, Hartalega Holdings Bhd, Ansell, and B. Braun Melsungen used advanced technology and launched new products. Apart from these companies, various regional players are also making efforts in to maintain their position in the market. Increasing investment in research and development activities and offering discounts on bulk purchases are strategies used by both global and regional players. Another significant point is that entry of new players has relatively lower threat as compared to threat caused by substitute goods. Presence of substitute goods hamper players profit generation and scope of growth of key products.

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According to the statistical information presented in the Transparency Market Research report, the global latex medical disposable market is estimated to generate US$6.4 bn by the end of 2024. In 2015, the market earned US$4.1 bn. this figure is attainable, if the market rises at 4.9% CAGR between 2016 and 2024.

Among the various products, used in the global latex medical disposable market demand for latex gloves is high which is fueling growth in this market. The latex gloves segment held 60.4% share in the overall market in 2015 and is likely to dominate the market over the forecast period. For protecting hands of healthcare providers and patients, latex gloves are widely used. With the respect to geography, North America leads the market and Europe is giving close competition to get a leading position in the global latex medical disposable market. Increasing health awareness and spreading contagious diseases in North America are the key factors driving demand in this market. Moreover, Asia Pacific latex medical disposable marker is also expected to rise at a steady growth rate in the coming years.

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Technologically Advanced Catheters to Accelerate Market Performance

Technological advancements taking place in the healthcare sector is the key factor driving growth in the global latex medical disposables market. Key market participants are investing in innovative technologies and developing new products that will help in reducing infections and risks this will helps in expanding demand in this market. For example, BARDEX I.C., which is an infection control latex Foley catheter, helps in minimizing risks associated with catheter urinary tract infections. The technologically advanced catheters dramatically reduces bacterial adherence and decreases the formation of biofilm. Adding further, increasing latex allergy across the globe has also boosted growth in the global latex medical disposables market.

Large Number of People Suffering from Latex Allergy Fueling Growth in Latex Medical Disposables Market

Increasing number of cases where people are suffering from latex allergy is likely to challenge growth in the global latex medical disposable market. According to Becton, Dickinson and Company (leading medical technology company) data, there are about 17 million people dealing with latex allergy in the United States. Owing to this fact, various healthcare providers are using non-latex products that might limit growth in this market.

Another restraining factor is increasing competition among players that leads in reducing prices of these products that overall reduce profits of the players. Thus, lower revenues might hamper growth in the global latex medical disposable market.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Latex Medical Disposables Market (Product Type – Latex Gloves, Latex Foley Catheters, Latex Probe Covers, and Urine Bags); End User – Hospitals, Clinics, Ambulatory Surgical Centers, Clinics, and Diagnostic Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Prepacked Chromatography Columns Market a Total Value of US$3.3bn by the End of 2024

According to a recent study by Transparency Market Research (TMR), the global prepacked chromatography columns market has an extremely consolidated vendor landscape, with only two companies accounting for a lion’s share in the overall market. These companies are Repligen and GE Healthcare and as per TMR, they accounted for over 78% of the global market in 2015.

Smaller players in the global prepacked chromatography columns market on the other hand are focusing on customizing products to gain traction. Furthermore, these companies offer products at a competitive pricing, which is gradually expected to catapult them to the market’s fore. According to TMR, strategic alliances are popular among the smaller companies, especially those aiming to expand their regional footprint and consolidate market share showcasing a wide-ranging product portfolio.

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TMR projects the global prepacked chromatography columns market to reach US$3.3 bn by 2024 from US$1.6 bn in 2015. If these figures hold true, the global market will rise at a CAGR of 8.4% between 2016 and 2024. Regionally, North America will continue dominating the global prepacked chromatography columns market through the course of the forecast period. However, in the coming years, the market in Asia Pacific is likely to exhibit growth at an accelerated pace. In terms of end use, the pharmaceutical biotechnology segment is currently showcasing high demand for pre-packed chromatography columns. Besides this, the demand from analytical laboratories is forecast to rise in the coming years.

Application across Diverse Sectors to Boost Market

The suitability and versatility of pre-packed chromatography columns across diverse sectors, allowing them to identify and separate organic components and molecules, is the chief driver of the market. Furthermore, the market will considerably gain from the increasing use of pre-packed chromatographic columns in research and development activities, forensic lab, chemical research, biotechnology, agriculture, food and beverages, and biopharmaceutical research. Diverse applications area of these columns will therefore boost the global pre-packed chromatographic columns market over the course of the forecast period.  In addition to this the rising of pre-packed chromatography columns in clinical trials will boost the market in the coming years.

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High Price of Prepacked Chromatography Column May Curb Growth Rate

On the downside, the market might face certain troubles due to the high price of pre-packed chromatographic columns. This, as per TMR, can slow down the pace of growth witnessed in the market to an extent. Furthermore, restraints the market witnesses as a result of fouling and plugging will also have a negative impact on the overall growth.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free 866-552-3453
Emailsales@transparencymarketresearch.com
Websitehttp://www.transparencymarketresearch.com/



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