Medical Devices Industry News

The global infant incubator market size is projected to achieve a lucrative growth based on the advent of technological innovations. The market was led by NICU incubator in 2017, on the basis of type of product, mainly due to the rise in the number of installations of these systems. Infant incubators are used for various conditions such as neonatal hypothermia, lower birth weight, genetic defects and various infant problems. Prominent factors boosting the growth of the infant incubator industry include the continuous advancements in neonatal care technologies, sudden increase in birth rate of premature infants with lower birth weights and other defects, rise in the installations of NICU units and growth in awareness among individuals regarding neonatal care units. In November 2017, Warmilu LLC developed a portable, user-friendly incubator blanket, IncuBlanket. The IncuBlanket technology is a close substitute of electric incubators and complementary to the Kangaroo mother care t...

The global automated external defibrillators market is projected to observe significant growth during the forecast period, mainly due to increasing prevalence of sudden cardiac arrest (SCA) and rising awareness about the benefits of using AEDs in SCA and other arrhythmic conditions. AEDs are compact devices that deliver electric shock to resynchronize the patient’s heart beat suffering from SCA. These devices do not require trained professionals to treat patients; an untrained bystander can also use the device to help patients in case of an emergency. Fully automated and semi-automated external defibrillators are the two different types of AEDs used to deliver electric shock to resynchronize a patient’s heart beat suffering from SCA. Of these, fully automated AED held the larger share in the global automated external defibrillators market in 2017. The market for these products is expected to observe notable growth during the forecast period, mainly due to increasing adoption ...

Wearable heart monitoring devices refers to wearable heart monitors that measure and display heart rate, in other words, they provide a real time measurement of heart rate. In addition, these heart monitors measure breathing rate and core temperature of the body. Innovation in surgical procedures, pain and associated complications during surgery, cost-effectiveness of surgery, increasing healthcare expenditure, increasing prevalence of lifestyle diseases, growing geriatric population, and improvement in minimally invasive surgical procedures are the key factors driving the growth of global wearable heart monitoring devices market. Grounded in end user, the wearable heart monitoring devices market is fragmented into hospitals, retail pharmacies, academic institutes, and others. Geographically, North America holds the largest share in the global market. This largest share of North America is attributable to increasing research activities, funding and grants from governm...

High-quality products making it to the market and the need to reduce rising medical equipment cost are driving the medical device outsourcing market. It valued at $45.0 billion in 2016 and is expected to grow at a 9.7% CAGR during the forecast period (2017–2023). Medical device outsourcing is the contract manufacturing of medical equipment, devices, and components done by third-party companies. One of the factors driving the market is the rising demand for reduction in the cost of devices. The outsourcing of medical device manufacturing helps original equipment manufacturers (OEMs) cut down on manufacturing costs, thereby making products cheaper for end users. They are focusing on effective technology reuse to lower the production cost of their products. Quarterly cost savings in areas, such as custom electronic components, sheet/metal enclosure fabrication, standard electronic components, box build/systems integration/mechanical assembly work, printed circuit board, and contract ...

The global hyperspectral imaging market is witnessing considerable growth due to widening industrial application of hyperspectral, technological advancement in sensor design, increasing demand for data accuracy and consistency, and increasing number of research projects using hyperspectral imaging techniques. Moreover, increasing adoption of hyperspectral imaging in various medical procedures such as ophthalmology, gastrointestinal tract, mucosal membrane analysis, vascular system and surface tissue is supporting the growth of the market. The manufacturing of low cost camera, which are compact and lightweight, is also driving the growth of the market. Based on component, the hyperspectral camera segment is expected to account larger share of the market, due to increasing adoption of hyperspectral technology in defense and commercial applications, technological advancement and development of affordable hyperspectral imaging camera. Moreover, based on application, the life ...

The artificial retina market is primarily driven by the increasing developments associated with sub retinal implants for the treatment of retinitis pigmentosa (RP). Sub retinal implants are placed behind the retina and have proven to be safe and restore useful vision to a majority of patients who are blind because of RP.  Artificial retina is an implant which consists of an array of microelectrodes and is used for the individuals who are visually impaired due to retinal diseases. The progress of artificial retina is to restore limited vision that enables people to read during mobility and to recognize individuals. Artificial retina has proved to be a breakthrough invention for the medical device industry, as it has provided hope to a large number of visually impaired patients globally.     Request to Get the Sample Pages at: The device is made up of carbon nanotube biomimetic film with accessories such as a transmitter and a video processing unit. The globa...

The growth in the market is expected to be driven by the surge in geriatric population, rise in number of patients suffering from neurovascular disorders and high prevalence of various chronic diseases, across the globe. Transdermal drug delivery systems are used for various applications such as analgesics, hormone replacement therapy, hypertension, cardiovascular disorders, motion sickness, smoking cessation and others. The hormone replacement therapy category is expected to grow at a CAGR of 10% during the forecast period, since these delivery systems are effective and an easiest way of preventing and managing post-menopausal symptoms. Request to Get the Sample Pages at: The use of the transdermal patches is the highest in North America, owing to heavy expenditure by the government on healthcare and supportive reimbursement policies and is further followed by the Europe and APAC, respectively. The market for transdermal drug delivery systems is expected to observe the ...

The global electrocardiogram (ECG) devices market is witnessing growth, due to high incidences of cardiovascular diseases and large geriatric population. Based on product type, the resting systems segment leads the global ECG devices market; whereas, the Holter monitor systems segment is the fastest growing segment of the market. The hospitals segment is the largest and the fastest growing end-user segment, in the global ECG devices market, which is driven by technological advancements for the development of ECG devices. The high healthcare provider’s compliance for ECG devices and massive unexplored ECG devices market in the emerging economies is creating ample opportunities for the growth of the global ECG devices market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand with better and cost effective ECG devices, thus fuelling the growth of the global ECG devices market. The va...