Medical Devices Industry News

 In 2021, the global endoscope reprocessing market was worth around $1,879.9 million, and it is predicted to hit $4,358.1 million by 2030, progressing at a 9.8% CAGR from 2021 to 2030. This is primarily due to the growing preference for minimally invasive treatments, increasing danger of infection by contaminated endoscopes, and rising stringency of the rules governing medical device safety on a global scale. To avoid the complications and extra costs related to the different services offered under contracts with medical equipment manufacturers, end users are increasingly entering into multi-vendor contracts with ISOs. For example, customers may combine all of NovaMed Corporation's services under a single contract, owing to its extensive service management program. With an estimated contribution of $1.0 billion, North America leads the endoscope reprocessing market. This is due to the region's advantageous reimbursement policies, increase in cancer incidence, and demand for les...

 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 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...

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 number of younger aged patients in need of revision and partial joint replacement procedures are expected to influence the growth of global joint reconstruction market. A broadening patient base, which includes younger patients below 55 years of age and elderly patients exceeding the age of 80, are anticipated to increase the demand of hip and knee replacement procedures. Knee replacement procedures are expected to grow at a faster rate, than hip replacement procedures because of the increasingly active aging population. Although shoulder and small joint replacement procedures are low in numbers, but they are expected to grow at a higher growth rate than the other segments, due to the increasing awareness and availability of cost-effective procedure options in joint replacement. Request to Get the Sample Pages at:    https://www.psmarketresearch.com/market-analysis/joint-reconstruction-market/report-sample High occurrence of rheumatoid arthritis and osteoart...

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...

The global interventional cardiology devices market is expected to witness considerable growth during the forecast period, owing to the increasing prevalence of coronary artery disease (CAD), rising geriatric population, technological advancements in interventional cardiology devices, and growing demand for non-invasive treatments. Normal balloons, drug-eluting stents, guiding catheters, embolic protection devices, and vascular closure devices are different types of devices used in the CAD surgical procedures. On the basis of product, the interventional cardiology devices market is categorized into angioplasty balloons, angioplasty stents, catheters, plaque modification devices, hemodynamic flow alteration, and others. Of these categories, angioplasty stents dominate the interventional cardiology devices industry, owing to the increasing demand of different types of stents, such as drug eluting stents, bare-metal stents, and bioabsorbable stents for the treatment of CAD. The o...

The European Union point-of-care ultrasound device market is forecasted to generate $230.9 million revenue by 2024, progressing at a CAGR of 6.1% during the forecast period. Factors driving the growth of this market include increasing prevalence of chronic diseases, increasing awareness about the benefits of portable ultrasound devices, technological advancements in PoCUS devices, increasing healthcare expenditure in the region, and surge in geriatric population, according to P&S Intelligence. Anesthesia, intensive care unit (ICU), emergency medicine, cardiology, vascular and urology, obstetrics and gynecology (OB/GYN), and musculoskeletal are some major applications for which PoCUS devices are utilized in the EU market. Among these, anesthesia is expected to hold the largest share in the European Union point-of-care ultrasound device market in the coming years, mainly on account of increasing number of surgeries in the region. Anesthesia is given to a patient before surge...

The global laparoscopic devices market is witnessing considerable growth due to the increasing compliance for minimal invasive surgeries, technological advancements and increasing prevalence of colorectal cancer. Moreover, the increasing number of laparoscopic bariatric procedures and huge investments in laparoscopic bariatric market are supporting the growth of the global market.  Among the various product types, the energy devices segment held the largest share in the global market in 2015, and it is also expected to retain its dominance during the forecast period. In addition, the energy devices segment would grow at the fastest rate during 2016 – 2022, owing to the technological advancements and increased research and development activities in the product segment. Request to Get the Sample Pages at:   The growing health care industry in emerging economies and increasing number of free trade agreements are creating ample revenue generation opportunities for the...

The global joint repair device in the sports medicine market is estimated to grow at a rapid pace, due to the rise in sports injuries and minimally invasive procedures. The increased point-of-care testing in sports is a major trend within the joint repair devices in the sports medicine market. Point-of-care testing involves a broad range of diagnostic uses with a wide range of product types. The Point-of-care testing in sports can control metabolic sports and specific conditioning. The Point-of-care testing devices are standardized to reduce errors during diagnosis. The joint repair devices in the sports medicine market can be classified into surgical devices and therapeutic devices. Surgical devices include arthroscopy devices and joint implants, which help in refurbishment. Therapeutic devices include recovery and support recovery devices such as, monitoring devices, braces and supports, along with other accessories such as wraps and tapes, cold and heat therapy, disinfectant ...

The global hemodynamic monitoring systems market is growing due to technological advancement in hemodynamic monitoring systems, such as minimally invasive and noninvasive technologies. The minimally invasive and noninvasive technologies are preferred, in order to reduce infection associated diseases, decrease pain, and increase comfort of the patient. The massive unexplored market in the hemodynamic monitoring systems industry of the developing economies is creating abundant opportunities for the growth of the global hemodynamic monitoring systems market. Hemodynamic monitoring is the continuous movement of blood and pressure exerted in the veins, arteries, and heart. Hemodynamic monitoring systems are used to monitor oxygenation of tissue and organ, blood pressure, and cardiac output. It is also used to evaluate effectiveness of the cardiovascular function. These tests are performed to monitor loss of cardiac functions, such as cardiomyopathy, congestive heart failure and myoc...

The global hearing aids market is growing, due to technological advancement in the hearing aids, such as Bluetooth integrated hearing aid. During the forecast period, the hearing aid devices is expected to report larger share, among all the products of hearing aids, due to technological advancement and increasing regulatory approvals in the market.  Behind-the-ear hearing aids segment dominate the hearing aids devices market; however the canal hearing aids are expected to grow at the highest rate in the forecasted period, due to increasing number of research and development initiatives. On the basis of type of hearing loss, sensorineural hearing loss segment led the market, due to increasing prevalence of hearing loss. Moreover, on the basis of end users the adults segment led the market, due to growing geriatric population. Request to Get the Sample Pages at:  Some of the factors driving the growth of the global hearing aids market are growing geriatric popula...

The global ophthalmic lasers market is expected to witness considerable growth during the forecast period owing to rising demand of ophthalmic lasers for the treatment of various diseases, such as glaucoma, age related macular degeneration (AMD), cataract and diabetic retinopathy. The players in the ophthalmic lasers market offer products such as; femtosecond lasers, excimer lasers, nd: yag lasers, diode lasers, SLT lasers and other lasers. Among these, femtosecond lasers are expected to hold the largest share in 2017, due to increasing prevalence of refractive errors in aging and young population. Increasing prevalence of eye diseases, growing aging population, and rising awareness about the technologically advanced laser operations are the major factors driving the growth of the ophthalmic lasers market. According to the World Health Organization (WHO), people aged 50 years or above are more likely to be affected by moderate and severe vision impairment. Chronic eye diseases...

Analgesic infusion pumps are instruments used to carry analgesic drugs directly into patient’s body directly for pain management. Analgesic drugs provide relief from chronic disorders, including complex regional pain syndrome (CRPS), failed back syndrome pain, myocardial infarction, pneumonia, myocardial ischemia, post-operative pain, and hypertension. Lidocaine, phenol and morphine are some of the common medicines used in analgesic infusion pumps.  Analgesic infusion pumps finds application in the treatment of various neurological disorders, which may result in spasticity of muscles. The device is designed to supply prescribed quantity of medication when required; it can be done by pushing a key on the device at particular time interval. As analgesia infusion pumps allow patients to manage pre-set quantity of analgesic medication, the devices are also known as patient controlled analgesia (PCA). The analgesic infusion pumps can be used as external device or can al...

Analgesic infusion pumps are instruments used to carry analgesic drugs directly into patient’s body directly for pain management. Analgesic drugs provide relief from chronic disorders, including complex regional pain syndrome (CRPS), failed back syndrome pain, myocardial infarction, pneumonia, myocardial ischemia, post-operative pain, and hypertension. Lidocaine, phenol and morphine are some of the common medicines used in analgesic infusion pumps.  Analgesic infusion pumps finds application in the treatment of various neurological disorders, which may result in spasticity of muscles. The device is designed to supply prescribed quantity of medication when required; it can be done by pushing a key on the device at particular time interval. As analgesia infusion pumps allow patients to manage pre-set quantity of analgesic medication, the devices are also known as patient controlled analgesia (PCA). The analgesic infusion pumps can be used as external device or can also be f...