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...

A report by the United Nations Department of Economic and Social Affairs said that the global population of people in the 60 and above age group is rising rapidly. By the end of 2050, the global share of this age group is expected to grow to 21.1% from 11.7% in 2013. Additionally, the number of people in this age group is predicted to be around 324 million in India, 437 million in China, 58 million in Brazil, and 107 million in the U.S. by 2050. One of the major contributors of the growing elderly population is the increasing life expectancy rate.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market/report-sample Taking care of the bed-ridden patients or patients with restricted mobility can be taxing for caregivers. They have to perform many tasks, such as lifting, transferring them from one place to another, repositioning, bathing, and dressing a patient. Manual lifting of patients is one of the major risk factors...

 With the recent outbreaks of various contagious diseases such as Middle East respiratory syndrome (MERS), Zika, severe acute respiratory syndrome (SARS), and Ebola, medical gloves are increasingly becoming extremely essential in healthcare operations. The outbreak of the COVID-19 (SARS CoV-2) pandemic has further pushed up the requirement for medical gloves, on account of their ability to prevent direct contact between persons, which is very essential for reducing the spread of the coronavirus.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/medical-gloves-market-report/report-sample As per the estimates of the World Health Organization (WHO), the incidence of chronic diseases would rise by as much as 57% by the end of 2020. Due to soaring population, the prevalence of chronic diseases would grow massively in the developing nations in the coming years. Furthermore, the increasing prevalence of these diseases is pushing up the requirement ...

Every year, 180,000 people die of burns, says the World Health Organization (WHO). Most of these deaths occur in low- and middle- income countries, where either the fire safety regulations aren’t strict enough or victims don’t always receive timely medical help. Burns leave nasty wounds, which need to be sown up to minimize blood loss, which is why sutures are so important.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/surgical-sutures-market/report-sample The body parts and organs worked upon during such procedures include the stomach, esophagus, large intestine, small intestine, pancreas, liver, appendix and bile ducts, gallbladder, skin, and thyroid gland. Cancer affects a lot of these organs, which makes general surgery a highly-sough-after medical service. The affected areas often need to be removed, wherein the surgery is known as ‘ectomy’, for instance appendectomy (removal of the appendix). Even in the future, the usage of sutures wo...

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 global operating room equipment market is growing substantially due to increasing investment in research and development for the expansion of technologically advanced equipment, rapid transformation from conventional to hybrid operating rooms and growing medical tourism in emerging economies. Massive unexplored market in operating room equipment industry of developing economies are creating ample opportunities for the operating room equipment market to grow at a considerable rate in coming years. Some of the factors driving the growth of the global operating room equipment market are increasing number of geriatric population, rising demand for hybrid operating room in developed countries, rising demand for range of modern operating room equipment and increasing number of surgeries. In addition, increasing numeral of ambulatory surgical centers, increasing prevalence of chronic diseases, and increasing healthcare expenditure are also some of the factors stimulating the growt...

The global nurse call systems market is projected to attain significant growth during the forecast period mainly due to the increasing geriatric population. In terms of type of instrument, the market is expected to be led by integrated communication nurse call systems, as they are highly useful and efficient in healthcare communication, when compared to button, mobile and intercom systems. Whereas, the market for mobile systems is expected to exhibit the highest growth owing to the increasing demand for mobility solutions. Based on the technology used in these systems, these can be either wired or wireless. The low cost of wired systems, faster speed of transmission in wired communication systems, and various government regulations mandating wired infrastructure in acute care settings are the factors fueling the market growth of wired nurse call systems. These systems find application in emergency medical alarms and in services such as wanderer control and workflow support. Eme...

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...

The global ophthalmology devices market is growing significantly due to increasing prevalence of eye diseases, and technological advancements in ophthalmic devices. Shortages of ophthalmology devices providers in emerging economies and increasing age-related eye diseases are creating ample opportunities for the ophthalmology devices market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are propelling the demand for cost effective ophthalmic devices. Significant shift from spectacles to contact lenses and use of minimally invasive surgeries are some of the major trends in global ophthalmology devices market. Rise in aging population has fuelled the prevalence of eye disorders across the globe. According to the WHO, globally, there were 39 million people blind as of 2010, out of which 5% were blind due to age-related macular degeneration. Download Free Sample Copy of Report: Geog...

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 ...

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...

Medical fiber optics is optical fiber used for medical applications. Optical fiber is a transparent and flexible fiber prepared of quality flexible glass, silica and plastic. Optical fibers are generally used as a mean to transfer light between two ends of fiber. It has a wide usage in fiber optics communications, where it permits light transfer over elongated distance and at much higher bandwidths compared to wire cables. Fibers are used for flexible light guide systems, laser light delivery systems, flexible image bundles, and illumination and light conductors. Fiber optics has found its application in medical industry for years. The physical feature of fiber makes it a usual choice for different applications. Optical fibers are generally used in illumination and are of two basic types – multiple mode fiber and single mode fiber. Single mode fiber has a small core of approximately nine microns in diameter. It limits the transmitted light in the fiber, which minimizes sca...

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...

The global intracranial stents market is projected to demonstrate significant growth during the forecast period. Factors contributing to the growth of the market include large pool of patients suffering from brain aneurysm and stroke; and increase in the prevalence of high blood pressure, which is a high-risk factor for cerebral aneurysm. Based on the product type, the intracranial stents market is categorized into self-expanding intracranial stents, and embolization coil support intracranial stents. Of these product types, the embolization coil support intracranial stents led the market in terms of size, during the historical period. On the basis of disease indication, the market is categorized into brain aneurysm and intracranial stenosis. Hospitals and ambulatory surgical Centers (ASCs) are the major end users in the intracranial stents market. During the historical period, the market generated higher revenue in the end-user category of hospitals, mainly due to the increa...

The global immunohistochemistry (IHC) market is witnessing considerable growth due to increasing geriatric population, increasing healthcare expenditure and growing awareness about histopathology. Moreover, growing prevalence of chronic diseases including cancer, cardiovascular disease, infectious diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases is supporting the growth of the market. Based on product type, the kit segment is expected to grow at faster rate during the forecast period. The increasing adoption of IHC kit across the globe, owing to its ease of use, availability of ready to use reagents and antibodies, and optimized sensitivity of the antibody to the antigen, is driving the growth of this segment. According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of WHO that promotes cancer research, as many as 12.7 million new patients were detected with cancer in 2008 globally and the number is expected...