Thursday, 20 October 2016

Increasing Number of Cosmetic Surgeries to Keep Cosmetic Implant Market on Growth Track, says TMR

Institut Straumann AG, Nobel Biocare Holding, Inc., and DENTSPLY International, Inc. cumulatively represented more than 49% of the global cosmetics implant market in 2013. Trends in the market are also influenced by other players such as Aesthetic and Reconstructive Technologies (AART) Inc., 3M Health Care, Allergan Inc., Implantech Associates Inc., GC Aesthetics, Mentor Worldwide LLC, Spectrum Designs Medical, Sientra, Inc. and Zimmer Holdings, Inc. In a new report, Transparency Market Research (TMR) states that this highly fragmented market presents a positive scenario for vendors. The increasing number of cosmetic surgeons is acting as a growth enabler for the cosmetic implants market globally.   

A significant cut-down in the price of devices and surgeries can help the growth rate of the market to increase by many folds. Additionally, technological advancements in the devices used can also bolster the growth of the global cosmetic implants market. “The introduction of new products and devices will fuel the growth of the cosmetic implants market,” says the author of the study.

Expensive Surgical Procedures and Implant Malfunctions Hold Back Market Growth

The high cost of surgical devices and procedures impede the growth of the cosmetics implant market. Implant devices comprise approximately 60% of the surgical cost depending upon the type, size, and the manufacturer. At present, these devices do not cater to low-income groups.

Another problem associated with surgical implants is that there is no guaranteed safety. Implant devices such as buttock implants, dental implants, penile implants, breast implants, and facial implants (especially cheek and jaw implants) come with a risk of malfunction. Any malfunction in implant leads to asymmetry, pain, implant rupture, seroma, and implant visibility and extrusion. To put this in perspective, during the post-approval safety studies performed by the U.S. FDA in 2009, Allergan, Inc. reviewed 2,674 breast implant devices, out of which, approximately 900 (33.8%) were reported to have openings in the implant shell. Implant rupture is thus considered one of the restraining factors to the growth of the breast implant market.

Technological Breakthroughs in Surgeries and Devices can Help Global Cosmetic Implant Market Register High Growth

Periodic upgradation of implant devices used in surgeries can lower the chances of malfunction, thus propelling the growth of cosmetic implant market globally. Moreover, technological advancements will open new avenues for the market, as a result, it will cut down the cost of the implant devices. These measures are likely to boost the growth of the global cosmetic implant market.

Polymer Implants to Thrive Due To Raw Material Abundance

“Despite the high-cost devices and surgeries, growth is likely to occur due to rapidly growing awareness about cosmetic surgeries and steadily increasing the number of cosmetic surgeons,” says TMR analyst. The market which was at US$ 2.098 bn in 2013 will register an impressive growth and is expected to reach US$ 3.162 bn in 2020.

By source type, the market has been segmented into polymer implant, ceramics implant, metal implants, and biological implants. The polymer implant is the leading segment due to abundant availability of raw materials and a wide range of applications in surgeries. It is expected to account for 46.9% of the total market by the end of the year 2020. A large part of polymer implants is used in breast implant surgeries, which is the leading and also the fastest growing segment by the application. By revenue, breast implants accounted for US$ 1.113 bn in 2015 and is expected to reach US$ 1.506 bn in 2020.

In terms of geography, Europe, which was leading in 2015 with US$ 809.7 mn, is anticipated to retain its leadership by the end of the year 2020 with US$ 1099.4 mn. However, APAC is expected to register the highest growth rate during the forecast period.

The information presented in this review is based on the findings of a report by Transparency Market Research titled “Cosmetic Implants Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2014 - 2020.”

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Tuesday, 18 October 2016

Neurology Devices Market Size to Reach US$13.6 Billion by 2019

Transparency Market Research has published a comprehensive research report that explains the global neurology devices market in absolute detail. The research report, titled “Neurology Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” closely observes the key trends and dynamics in the global neurology devices market. The report also offers an explanation of the strengths, the weaknesses, the opportunities, and the threats in the market with the help of SWOT analysis. Furthermore, it also evaluates the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.According to the research report, the global neurology devices market is expected to be worth US$13.6 bn by the end of 2019, up from US$5.0 bn in 2012, expanding at a CAGR of 15.4% from 2013 to 2019.

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The important factors driving the global neurology devices market are the rising incidence of neurological disorders such multiple sclerosis, Alzheimer's disease, ischemic stroke, brain cancer, and other traumas to the brain. Furthermore, the rising pool of geriatrics is also likely to encourage the global neurology devices market, as they are more susceptible to the aforementioned conditions. Additionally, medical professionals and patients are also opting for neurology devices over drugs, as the former offer a better solution to medical conditions. The factors restraining the growth of this market are the stringent taxation policies in the U.S. and Europe and poor reimbursement policies.

The global neurology devices market is segmented into neurostimulation devices, interventional neurology, CSF management devices, and neurosurgery. Geographically, this market is segmented into Latin America, Asia Pacific, Europe, North America, and Rest of the World. Out of these segments, the neurostimulation devices market segment dominates the overall market and is expected to register a CAGR of 15% during the forecast period. The high incidence of stroke and aneurysms is expected to drive the interventional neurology devices market segment in the near future.

In terms of geography, the neurology devices market in North America was the largest in 2012. However, analysts predict that the Asia Pacific regional market is expected to expand at a CAGR of 18% from 2013 to 2019. This growth will be due to the increasing number of cases of patients suffering from respiratory problems and growing disposable incomes, which make healthcare affordable to them.

Some of the important players in the global neurology devices market are Medtronic, St. Jude, Integra, Boston Scientific, and Covidien. The research report gives an accurate analysis of the competitive landscape in the global neurology devices market and explains the financial overview, research and development activities, investment outlook, strategic mergers and acquisitions, business and marketing strategies, and product portfolio of these key players.

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Monday, 17 October 2016

Ingestible Sensors Market The Future of Medicine Industry from 2024

Ingestible sensors is an innovative technologically advanced product of digital medical industry. Ingestible Sensors are pills that have the ability to detect various bodily functions and activities, medication check, heart rate and blood pressure. It has three components sensors, data recorder, and software. These ingestible sensors help patients receive real-time information and address the unaware issues which are sometimes not answered by doctors. The ingestible sensor works as soon as the sensor enabled pill is consumed. This pill sends signals to the patch, which helps to detect the duration in which the pill was consumed. As the data is recorded, the information is being displayed with the help of linked discover application that can be downloaded on a mobile device. With the help of this application patients can analyze the data and work accordingly, this helps them to decide if there is any need to visit a healthcare provider, taking medication on time and others. The ingestible sensors market is driven by increasing prevalence of chronic conditions and advancement in technology.

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According to the Centers for Disease and Control of Infection, there are more than one-third (36.5%) of U.S. adults that suffer from obesity. Obesity-related conditions comprise of diabetes, heart disease, stroke, certain types of cancer, and some of these are leading causes of preventable death. IN U.S., the incidence rate of chronic conditions such as heart disease, cancer, type 2 diabetes, obesity, arthritis and others are among the most common of all health problems. In 2012, 117 Mn people suffered from one or more chronic health conditions. Moreover due to benefits such as cost-effective products, growing population of immune compromised individuals and others, the physician is prescribing these products. The patient education program is conducted by government and companies for creating the awareness among the general population. However Ingestible sensors market has some restraints such as low adoption for these products may hinder the growth of the Ingestible sensors market.

Increasing sedentary lifestyle among population leading to rising in the incidence of chronic conditions is expected to boost the Ingestible sensors market over the forecast period. Also rising awareness among the general population and rise in disposable income is expected to drive the Ingestible sensors market during the forecast period.

Geographically the Ingestible sensors market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific and MEA region.

North America followed by Europe is dominating the Ingestible sensors market as a high incidence of gastroparesis cases, and favorable reimbursement options provided by governments and insurance companies which have provided the platform for these products. In Asia Pacific region the Ingestible sensors market is expected to deliver significant growth due to the high pool of geriatric population in this region and growing economy which is expected to further fuel market demand. Moreover, the Ingestible sensors market is expected to become highly competitive due to the potential entrants in the market by the end of forecast period.

Some of the major companies in the Ingestible sensors market are HQ, Inc., Proteus Digital Health, Inc., CapsoVision, Inc., Given Imaging, Ltd., Medimetrics Personalized Drug Delivery B.V., Olympus Corporation, and others. Key strategy used by Proteus Digital Health, Inc is utilizing innovative approach for improving health outcomes for patients and for patients that are facing challenges managing their medications.

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Friday, 14 October 2016

Innovativeness Begets Market Penetration for Wearable Medical Devices Competitors

An Overview of the Global Wearable Medical Devices Market

The primary users of wearable medical devices are patients and athletes. As the technologies advanced and became more cost-effective, these devices began trickling towards fitness enthusiasts and also became commercially available to common consumers for basic fitness and sleep monitoring purposes. Current areas of focus for designers and developers lie largely in aesthetics, along with focus on weight, cost, ergonomics, and waterproofing.

Additionally, players are working to incorporate wireless telecommunications technology to make wearable medical devices ‘smarter’ in their communication with smartphones and other connected electronic devices. Advanced data analytic systems and storage are allowing users to store larger periods of data and apply long term analytics to chalk out their overall progress against chronic diseases, fitness, and physical gains.

The key driver for the growth of wearable medical devices sales for now is the reduction in prices of consumer electronics and wearable technologies. They are rapidly becoming affordable and commercially available to wider economic demographics or income groups. The global wearable medical devices market is progressing at a highly optimistic CAGR of 16.4% from 2013 to 2019.

APAC Wearable Devices Sales Increase with Growing Patient Base with Heart Disease and Diabetes

Asia Pacific is anticipated to be show the fastest growth in wearable medical devices revenue generation in the coming years. Two major factors responsible for this region’s growth rate are the high penetration of a large number of regional players and a growing demand from chronically ill patients. Asia Pacific holds the largest population in the world, along with the largest population of diabetics in the world. Studies have shown that Asians are prone to suffering from Type II diabetes, thereby creating a high need for wearable medical devices that can cater to their needs. Additionally, a growth in health and fitness concerns among individuals, a growth in disposable income, and the large number of regional players choosing to sell mid to low price devices have all contributed to make Asia Pacific the fastest growing region.

The largest share of wearable medical devices revenue – from the regional perspective – was held by North America in 2014. Players in this region enjoy an advanced healthcare system that allows them to focus more on innovations and future developments. North America is expected to remain the largest revenue holder for wearable medical devices till the end of 2023.

Vital Signs Monitors Continue Being Most Sold Wearable Medical Devices

Vital sign monitors are broadly categorized into electrocardiographs, sleep monitors, activity monitors, heart rate monitors, and others. Of these, heart rate monitors have been the most sought-after wearable medical devices, owing to a high rate of patients with heart disease, along with the growing concern over physical wellbeing. Other devices such as sleep monitors are currently showing a rapidly increasing demand owing to a growth in the number of people who experience sleep deprivation and lack of physical activity.

Measuring vital signs has rapidly become a common application of using wearable devices. Whether for fitness tracking or for monitoring the health of the ill, wearable medical devices players have consistently leaned towards manufacturing vital signs monitors. As a result, this market segment has enjoyed a high rate of innovative efforts to make the products lighter, smaller, cheaper, and more aesthetic. Although this segment is not the fastest-growing one, it is the largest in terms of revenue generated and will continue to be the largest till 2023. Key manufacturers of wearable medical devices include Cleveland Medical Devices, Inc., Fitbit, Inc., Intelesens Ltd., and OMRON Corporation.

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Thursday, 13 October 2016

Temperature Probe Market Global Analysis and Opportunity 2016 to 2024

Temperature probes are used to measure the amount of coldness and heat energy, generated by a system. These sensors help in detecting physical change to the temperature producing digital output. Furthermore, temperature sensors are mainly used in sectors including healthcare, food & beverage, automotive and consumer electronics, defense industry. They have proved to be essential in serving the growing demand for advance automation in the  

Temperature sensors are used in various industrial applications, which need process control with high accuracy. These probes are mainly used for sensitive processes, which need controlled process environments for example in chemical mixing, monitoring. Industrial processes which frequently requires to test and measure equipment’s temperature and volume, also use temperature probes on large scale. For example, clinical research processes have highly controlled manufacturing environments.

These probes play important role in manufacturing, handling, storing of medical equipment’s and drugs, as they maintain basic overall performance by monitoring temperature. The current developments in healthcare sensing probes are responsible for increase in the trend of continuous patient monitoring. As a result it can reduce overall healthcare costs and help to improve treatment outcomes. These medical sensors are capable of monitoring of vital signs, for example patients temperature and blood pressure that are directly recorded in the electronic format. It also reduces sloppy management of patient records and providing the user with the latest information. Currently consumer healthcare is amongst the major fields which holds a promising future for sensors with a fastest growth rate than all other applications.

The escalating burden of chronic disorders as well as, the worldwide, surging population count has consequently propelled the demand for these equipment’s. Chronically ill patients and the large elderly population subset form the target population for the sensor-based devices as it is imperative for them to undergo routine checkups; thus, facilitating remote and point-of-care patient monitoring. Besides this, increased adoption rate of surveillance and checkup devices are further driving the temperature sensors market. In addition, factors such as strict government guidelines to ensure environmental safety and ongoing demand for electronic products and computing peripherals have kept the prospects of the market high.

The raw material used for manufacturing plays a crucial role in sensor efficiency and durability. Use of new raw materials such as lithium-niobate and langasite has increased the measurement ranges of temperature sensors. However, silicon based sensors are primarily used owing to their availability and low cost as they are produced in bulk. Multisensors are increasingly used for mass applications owing to their stability which, is expected to drive overall temperature sensors market growth. Technical developments and advent of Micro-Electro-Mechanical Systems (MEMS) are likely to create greater opportunities.

The home healthcare category such as pregnancy kits and glucose monitoring kits is anticipated to witness lucrative growth over the years. The cost of diagnosis in hospitals and other healthcare units is high; hence, the preference of home healthcare equipment’s, such as diagnostic kits, over hospitals is observed to be rising. The high-unmet needs of the huge target population are expected to further open avenues for the market players in the industry. However, dominance of legacy technologies and awareness of end-users have hampered the market growth. Quality, accuracy of temperature probes and raw material used for manufacturing has hampered the market.

Geographically, the market is segmented into six major regions: North America, Europe, Asia-Pacific, Latin America, Middle East and Rest of the World (RoW). In terms of geography, North America followed by Europe account for the largest market share for because of availability of sophisticated primary, secondary, and tertiary-care healthcare settings supported the market. Moreover, the well-established reimbursement network, suitable government funding, and the increasing health awareness further facilitates the incorporation of the sensors in the medical devices.
The Asia Pacific region is anticipated to witness a remunerative growth over the next few years. This can be attributed to the heightened number of individuals suffering from chronic disorders, such as diabetes, hypertension, and respiratory problems.

The key market players active in the temperature sensor market are Analog Devices Inc., Maxim Integrated, Measurement Specialties Inc., Microchip Technology Inc., Honeywell International Inc., NXP Semiconductors, STMicroelectronics, Panasonic Corporation, Texas Instruments and Siemens AG.

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Wednesday, 5 October 2016

Mobile Medical Apps Market to Grow due to Easy Integration of Mobile Medical Apps in Clinical Workflows

A new market research report from Transparency Market Research, titled “Mobile Medical Apps Market - Global Industry Analysis, Size, Share & Forecast 2015 – 2023,” is designed to present the key market forces responsible for fuelling and restraining the growth of the market, and to present the current condition along with the technological development in the market in the coming years. The report also presents the prime competitors and the business strategies adopted by them for better market penetration. The report also offers SWOT analysis of the prime market segments. Moving further, the report also helps in understanding the prime product segments as well as the competitive landscape of the market.

As per the report, mobile medical apps are majorly designed for healthcare professionals and is fuelled by the increasing adoption of mobile computing amongst caregivers for improving the speed and accuracy of the treatment and diagnosis. In addition, the steady mobile revolution within healthcare is also stimulating the market for mobile medical apps.

As per the report, the increasing preference for mobile apps amongst physicians is owing to the fact that these applications can be integrated easily within clinical workflows and can also be run on a broad range of mobile OS platforms. On the other hand, as per the report, at present, the growth of mobile medical applications is sluggish in comparison with other mobile phone applications. However, as per this research study, mobile medical apps are predicted to grow exponentially in forthcoming years owing to the rising dependence on medical applications for monitoring patient health. 

The report segments the mobile medical apps market in terms of product and application.

As per the report, in terms of product, the market for mobile medical apps is segmented into Medscape Mobile, Epocrates, Nursing Central, iRadiology, Care360 Mobile, Netter’s Atlas of Human Anatomy, STAT ICD-9 LITE, EMR apps. The report, on the basis of application, segments the market into drug references, nursing tools, medical reference, study tools such as flashcards and games, and clinical support systems.

The report segments the market on the basis of geography into Europe, North America, Asia Pacific, and Rest of the World (RoW). The market for mobile medical apps is developing exponentially in emerged economies such as those in Europe and North America owing to the fact that a growing count of health professionals in the region have been utilizing the mobile medical applications in day-to-day business activities.

The chief players dominant in the market for mobile medical apps are Apple Inc., Blackberry, Android, Nokia, Motorola, Samsung, Panasonic, Huawei, and others.

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Wednesday, 7 September 2016

Global Mobility Scooter Market Size, Share and Forecast Up to 2024

Mobility scooters are electronic transport vehicles used as a mobility aid, mostly occupied by single person. These mobility scooters are operated on battery and varies from 3 wheels to 5 wheels. Mobility scooters assist in the movement of a person from one place to another, especially long distance travelling. Gasoline-powered scooters are very rare in the market and are being rapidly replaced by electric or battery-powered scooters. Mobility scooters are available in two forms worldwide: front-wheel drive and rear-wheel drive. Front-wheel drive scooters are smaller and are primarily used indoors, whereas the rear-wheel drive scooters are used both outdoors and indoors. The rider weight capacity of a rear-wheel drive scooter is higher than the front-wheel drive scooter. Mobility scooters acts as an alternative to wheelchairs and is expected to have a significant growth rate during the forecast period from 2016-2024. The use of mobility scooters are supported with government funding in most of the regions across the globe. However, comparative high cost than wheelchairs is likely to hinder the growth of the market segment. Thus, the government interventions has made the use of mobility scooter cost effective through various schemes offered to the users. The mobility scooters offers comfort, ease of use and elegance, which instead is not offered by traditional wheelchairs, makes the mobility scooter market more potential. 

Moreover, rising geriatric population, increasing incidences of knee and spine disorders, rising accidental and innate deformities are the important factors leading to the growing demand for mobility scooters globally. In order to assist the research and development in mobility aids, various national and international organizations participate actively along with regional government. Various government initiatives such as Affordable Care Act in the U.S., offers subsidy on mobility scooters for patients. Thus, market has high potential to grow in terms of its population reach, which is actively supported by government and non-government bodies. In addition, availability of mobility scooters in different designs and features has increased the attention of users towards mobility scooters. However, lack of infrastructure in many parts of the world and high cost of the devices restricts the uptake to some extent. Moreover, the use of refurbished mobility scooters is another biggest challenge faced by the market.

The mobility scooter market can be segmented into by type of design, by number of wheels, by distribution channel and by geography. In the terms of design, the mobility scooter is classified into boot scooters, mid-sized scooters and on road scooters. By wheels, the mobility scooter is classified into 3 wheels, 4 wheels and 5 wheels mobility scooters. By geography, the U.S. and European regions mainly U.K., occupies significant share of the mobility scooter market. North America dominates the market, due to government policies and high demand for mobility scooters. Moreover, baby boomer effect, sophisticated reimbursement policies, high awareness about the device are the other key factors favoring the market in North America. Followed by North America, Europe accounted for the second largest share of the global mobility scooters market due to increasing awareness and rising disposable income. However, Asia Pacific is expected to grow at a higher growth rate owing to huge untapped population and increasing health care awareness among the patient population.

The major players having presence in the global mobility scooters market include Invacare, Afikim Electric Vehicles., Drive Medical Design and Manufacturing, Golden Technologies Inc., Pride Mobility Products, Hoveround Corp., Sunrise Medical, Van Os Medical, Electric Mobility, Amigo Mobility International Inc., Quingo, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

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