Medical Devices Industry News

The rising prevalence of insurance frauds in the healthcare industry is propelling the demand for medical coding solutions around the world. These insurance frauds cause huge financial losses amounting to billions of dollars, according to the observations of the National Health Care Anti-Fraud Association (NHCAA). In the U.S., nearly $3.6 trillion was spent on various healthcare services including expenditure for healthcare services and goods, net cost of health insurance, public health activities, and investments related to healthcare, in 2018.  The adoption of medical coding solutions and billing standards allows medical billers to create uniform checklists that are to be strictly followed as per the process claims. Moreover, the presence of various irregularities and inconsistencies in these checklists allows medical billers to spot frauds before the submission of the document to an insurance firm. Apart from the growing incidence of insurance frauds, the rising requirement for...

Wounds, in which the epidermis is torn apart and the deeper layers of the dermis are exposed, are one of the most-easily recognizable signs of a physical injury. Wounds can range from a simple skin abrasion to those that end up exposing the bone! Apart from injuries, wounds can be a result of surgeries and also certain diseases. The severe wounds, if not closed off in time, can lead to excessive blood loss and, ultimately, death. Therefore, due to the increasing awareness about the dangers of unhealed wounds, P&S Intelligence says that the wound care biologics market will grow from $1.4 billion in 2018 to $2.0 billion by 2024, at a 7.0% CAGR during 2019–2024. With advancements in the healthcare sector, traditional wound care products, such as gauze, are being replaced with biologics, which are agents synthesized from living organisms. Growth factors, skin substitutes, and an array of cell-based, collagen-based, and enzyme-based biologics are now available for wound care. Among thes...

People across the globe are becoming increasingly conscious regarding their physical appearance, attributed to which the number of aesthetic surgical procedures has growing significantly in the past few years. According to the International Society of Aesthetic Plastic Surgery, 1,862,506 breast augmentation procedures were performed across the globe. In addition to this, as per the American Society of Plastic Surgeons, 17.7 million cosmetic procedures were performed in the U.S. in 2018, which was a growth of 2% from 2017. This growing number of aesthetic surgical procedures is creating increasing demand for medical lasers, as they are widely used during the surgical procedures.  Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/medical-lasers-market/report-sample Attributed to these factors, the medical lasers market is predicted to advance at a significant pace in the coming years. Different types of medical lasers are gas laser systems, solid-s...

 Drivers such as the booming geriatric population, surging number of aesthetic procedures, growing awareness regarding advanced aesthetic treatments, and increasing technological advancements will facilitate the facial skin ablative treatment market growth at a CAGR of 7.8% during the forecast period (2020–2030). The market was valued at $4,134.6 million in 2019, and it is expected to reach $8,394.3 million by 2030 . With the increasing focus on improved appearances, the demand for energy-based aesthetic treatments will amplify in the coming years. The increasing awareness regarding aesthetic procedures, on account of the rising number of exhibitions, seminars, and conferences aimed at generating awareness among the general public and healthcare professionals about the developments in aesthetic and cosmetic treatments will act as a catalyst for the market growth. For example, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Apri...

The rising prevalence of obesity and increasing awareness about bariatric surgery amongst the obese people are the biggest factors responsible for the surge in the demand for obesity/bariatric surgery devices across the world. According to the statistics published by the American Society for Metabolic and Bariatric Surgery (ASMBS), the total number of bariatric surgeries conducted in the U.S. increased from 158,000 to 196,000 from 2011 to 2015. Due to the growing adoption of these surgeries, the demand for obesity surgery devices will undoubtedly increase in the coming years. Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/obesity-surgery-devices-market/report-sample Fuelled by the above-mentioned factors, the global obesity/bariatric surgery devices market is expected to exhibit huge growth over the next few years. Obesity surgeries involve the use of numerous types of devices, namely gastric bands, gastric electric simulators, gastric balloons, st...

In the past few years, the demand for point-of-care testing (POCT) has risen considerably, which is further creating need for portable and integrated devices. A POCT is a test which can be performed at or near the site of patient whenever the medical care is required. The technique has become an indicator of in vitro diagnosis, which is ascribed to its rapid, simple, low cost, and portable nature. The patient can be provided with result immediately outside of a laboratory, which is why POCT is also being widely utilized in hospitals as well. POCT further aids in improving patient care through remote patient care monitoring.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/biosensors-market/report-sample Different biosensor technologies are piezoelectric, electrochemical, optical, and thermal. Out of these, the demand for electrochemical and optical biosensors is predicted to increase substantially in the coming years. Some of the major end users...

 The prevalence of chronic diseases, such as diabetes, cancer, cardiovascular diseases, and hypertension, has been on a rise since the past few years. As stated by the International Diabetes Federation Atlas 9th edition, 352 million people in the age group 20–64 were suffering from diabetes in 2019, and the number is predicted to increase to 486 million by 2045. Similarly, 9.6 million died because of cancer in 2018, as per the WHO.   Receive Sample Copy of this Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=in-vitro-diagnostic-market As per the WHO, 118.4 million units of blood were collected in 2018 through donations, across the globe. It was furthermore reported that 13,300 blood centers were present in 169 countries, and approximately 106 million blood donations were recorded. This is projected to drive the demand for IVD in the coming years. Different technologies that are used in IVD are immunochemistry, clinical chemistry, molecular diagnostics, m...

Heart diseases kill 17.9 million people each year, according to the World Health Organization (WHO), and this is just an estimate; the actual number might be a lot higher. The Centers for Disease Control and Prevention (CDC) presents a similarly grim picture, saying that in the U.S., one person dies of a cardiovascular issues every 37 seconds. Still, all those who suffer from such issues don’t die immediately, if the condition is diagnosed and treated early. For this, the doctor needs to know what is going on in the heart and blood vessels, for which they require vascular imaging systems. Receive a Sample Copy of this Report:  https://www.psmarketresearch.com/market-analysis/vascular-imaging-systems-market/report-sample Thus, with the rising prevalence of heart diseases, the vascular imaging systems market is also expected to witness robust growth in the coming years. X-ray, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, and nuclear imaging, which inc...

The awareness regarding surgical care programs is increasing all over the globe. Attributed to this, the demand for pulse and regional oximeters is growing worldwide, including the U.S. The World Health Organization (WHO), has included these medical devices in a number of projects to increase awareness regarding their utilization. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/us-pulse-and-regional-oximeters-market/report-sample The device sends two light wavelengths through the finger for measuring pulse rate and the amount of oxygen that is in the system. Regional oximeters aid physicians in monitoring cerebral oxygenation in cases where pulse oximeters are not fully indicative of amount of oxygen that is reaching the brain. As per a report by P&S Intelligence, the U.S. pulse and regional oximeters market is expected to attain a value of $1,101.4 million by 2024, increasing from $687.3 million in 2018, and is predicted to register an 8.2% ...

From $87.6 million in 2018, the Middle East & Africa (MEA) energy-based aesthetic devices market is predicted to garner $129.4 million revenue by 2024, registering a CAGR of 6.9% during the forecast period (2019–2024). The drivers of the market are the surging geriatric population, growing awareness regarding the safety and usage of energy-based aesthetic devices, and the shift toward non-surgical minimally invasive aesthetic treatments.   These devices are based on different sources of energy, such as electromagnetic, laser, and plasma energy. Based on technology, the MEA energy-based aesthetic devices market is classified into plasma energy, suction, cryolipolysis, ultrasound, electromagnetic energy, light, and laser-based. The classification of laser-based technology held the largest share in the market in 2018, and it is expected to register a CAGR of 7.1% during the forecast period. This can be attributed to the wide application of this technology in fat reduct...

The growing popularity of minimally invasive surgeries (MIS), geriatric population, and incidence of neurological, orthopedic, and ear, nose, and throat (ENT) disorders are driving the usage of surgical navigation systems. From $770.8 million in 2018, the surgical navigation system market is expected to progress at a CAGR of 7.3% during 2019–2024 (forecast period), to reach $1,167.6 million in 2024. Such systems help surgeons during operational procedures, by displaying the internal anatomy of patients, via cameras or radio imaging techniques, on monitors. Request to Get Free Sample Pages at:  https://www.psmarketresearch.com/market-analysis/surgical-navigation-system-market/report-sample   Based on application, the market is categorized into neuro, orthopedic, ENT, cardiac, and others. Among these, the neuro category led the market in 2018, and it is predicted to grow with the highest CAGR, of 7.6%, during the forecast period. This is attributed to the increasin...

The hospital bed market size in North America was $1.5 billion in 2015 and is forecasted to grow at a CAGR of 4.9% during 2016-2022. Among the various types of beds available in the market such as birthing, bariatric, pediatric, pressure relief and other hospital bed, general beds contributed the maximum revenue, standing at $584.6 million in 2015, to the hospital bed industry in the region. Patients are also allocated beds in the hospital depending upon their class of treatment such as acute care, critical care or long term. Due to growing market for hospital beds the companies in the region are investing in developing new and innovative beds for better patient care. For instance, in May 2017, LINET Americas launched their new birthing bed, AVE 2, which is intended to provide comfort and efficiency during every stage of child birth.  Request to Get the Sample Pages at: The bed provides various features such as a unique telescopic column construction of the bed ma...

The global needle-free injection systems market will experience extensive growth in the coming years due to the rising demand for self-injection devices and emerging biological therapies. The vendors of these systems offer fillable and prefilled needle-free injectors in the market, of which prefilled needle-free injectors constitute the larger share. The increasing demand for low-cost self-injection devices by patients and healthcare providers and rising focus on compliance with needle safety regulations to avoid needlestick injuries are some of the factors that have led to an increase in the use of prefilled needle-free injectors. Needle-free injection systems are generally penetrated via intramuscular, subcutaneous, and intradermal routes. These injectors find their application in oncology, insulin delivery, vaccine delivery, pain management, and others. Needle-free injectors finds largest application in vaccine delivery, mainly because of the increasing prevalence of chronic...

Europe hospital bed market achieved a value of $1.6 billion in the year 2015 and is forecasted to grow at a CAGR of 4.3% during 2016-2022. Depending upon the usage, there are variety of hospital beds that are available in the regional market such as general, birthing, pediatric, bariatric, pressure relief and others. Amongst the various types, general beds held the largest share of Europe hospital bed market, and is expected to attain a value of $854.4 million by 2022, growing at a CAGR of 4.8%. The category is also expected to witness the fastest growth during the forecast period, since general beds are used for all types of patients. The hospital bed market in the region has been growing due to several factors such as increasing healthcare expenditure, growing aging population, increasing prevalence of chronic diseases and ongoing technological advancements. The hospital beds are also segmented on the basis of treatment provided to the patients such as acute care, critical ca...

The global fracture fixation products market is growing significantly due to increasing incidence of fractures associated with osteoporosis and osteoarthritis, increasing government funding and grants, and technological advancement in the fixation products in the industry. Increasing demand for better healthcare facilities in fractures and increasing research related activities and conferences are also supporting the growth of the market. Massive unexplored market in fracture fixation products industry of developing economies are creating ample opportunities for the fracture fixation products market to grow at a considerable rate in the forecasted period. Moreover, the advanced research and development facilities, and new and innovative product developments by the companies are also propelling the growth of the fracture fixation products industry. Fracture fixation products are used to restore skeletal movement to its optimal function, to reduce soft tissue complications, and f...

Increasing use of radiation therapy for treatment and diagnosis purposes is expected to fuel the growth of the medical radiation detection, monitoring and safety market . According to the National Health Service (NHS), there were 41.4 million imaging tests reported in England between December 2016 to November 2017. Of these, 3.6 million imaging tests were performed in November 2017. During this period, X-ray examinations were conducted at a large-scale, as compared to ultrasound, computed tomography (CT) scans, and magnetic resonance imaging (MRI) scans. Geographically, North America is expected to lead the radiation detection, monitoring and safety industry in the coming years, primarily due to the improving nuclear power industry, and increasing number of nuclear weapon research activities, and development centers in the region. Moreover, the stiffer regulations for these products in North America also supports the regional market growth. The radiation detection, monitorin...

The X-ray imaging systems category dominated the global market and generated revenue worth $15.2 billion in 2018, which is projected to reach $20.5 billion by 2024, progressing at a CAGR of 5.2% during the forecast period (2019–2024). Besides, the industry witnessed fastest growth in the category of nuclear imaging systems. The growth of this category is mainly driven by increasing prevalence of cancer, and rising demand for these systems across the globe. Furthermore, the market size for ultrasound systems, which stood at $5.9 billion in 2018, is expected to reach $8.3 billion by 2024, witnessing a CAGR of 6.0% during the forecast period. The governments across the globe are running awareness programs to educate people regarding early diagnosis of chronic diseases, especially breast cancer, lung cancer, cardiovascular diseases, diabetes, arthritis, and tuberculosis. Such initiatives are leading to increase in awareness regarding early diagnosis of diseases among healthcare ...

The global multiparameter patient monitoring equipment market is growing at a significant rate, due to increased chronic diseases such as chronic obstructive pulmonary disease, diabetes and cardiovascular diseases. More than 35 million people are suffering from chronic obstructive pulmonary disease in Japan, Europe and the U.S. Private institutional nursing is providing ample opportunity to the growth of multiparameter patient in the coming years. Multiparameter patient monitoring equipments are monitoring systems that measure and display waveforms and numerical data for the patient. The parameters are achieved through monitoring systems used for the treatment and diagnosis of patients in numerous healthcare departments. The multiparameter patient monitoring equipments are used to display signals of numerous essential signs such as, heart rate, respiratory rate, ECG, temperature and blood pressure. Request to Get the Sample Pages at:    https://www.psmarketresearc...

Medical Tapes are used as a medicine and first aid to hold a bandage or other dressing onto a wound. These tapes are designed to hold firmly to skin, dressing materials, and underlying layers of the skin (due to the presence of adhesive), without damaging the skin, and allow air to pass through them and reach the skin. Some breathable tapes such as Kinesiology Tape, and other elastic bandages with adhesives, are made of cotton. Surgical tape is often white because it contains zinc oxide, which is added to prevent infections. The global medical tapes and medical bandages market, is expected to grow in the forecast period due to increasing number of surgeries and growth in aging population. Medical bandages are generally used to support a medical device such as dressing or splint or to restrict the movement of any part of the body. Some of the other medical tapes used include micropore paper tape, trans-pore polyethylene tape and zinc oxide tape. Based on application, the medi...

The global liquid biopsy market size is expected to witness extensive growth in the coming years due to the advent of technological innovations to develop minimal invasive biopsy testing, global rise in prevalence of cancer and associated research. Among different product & services, the largest market is for assay kits, globally, due to the increase in adoption of the tests over classical biopsy testing, and the wide application it renders. The wide adoption has led to frequent usage of assay kits in comparison to the other offerings such as instruments and services. Different circulating biomarkers used in liquid biopsy include circulating tumor cells (CTCs), circulating tumor DNA (CTDNA), cell-free DNA, extracellular vesicles (EVs), and others. Among the available circular biomarkers, the extracellular vesicles are anticipated to be the fastest-growing segment during the forecast period. This is due to the growing interest in EV research from biofluids that includes samp...