Category Archives: Medical Devices

World Personal Mobility Devices Market Outlook Key Analysis and Forecast by 2023

The prominent companies operating in the global personal mobility devices market are Invacare Corporation, Hill-Rom Holdings, Inc., and Sunrise Medical LLC. A number of innovative, new, and technologically developed personal mobility products are being introduced and marketed by players in this market, as per Transparency Market Research (TMR). Furthermore, the market has huge count of equipment and raw material suppliers for making a wide range of accessories and personal mobility devices. This market is consolidated in developed markets but stays fragmented in majority of the developing markets with the dominance of numerous small regional players.

This 239 page report gives readers a comprehensive overview of the Personal Mobility Devices Market. Browse through 61 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html

The global personal mobility market stood at US$6,655.7 mn in 2014 and is predicted to reach US$12,722.6 mn by 2023, expanding at a 7.30% CAGR between 2015 and 2023. Wheelchairs emerged as the top sub-segment in the medical mobility aids and ambulatory devices segment and held a share of 52.7% in the market in 2014. This segment is also poised to witness the most exponential growth rate of 19.40% between 2015 and 2023. The reasons for the increased development of this sub-segment include diseases or physical injuries coupled with rising awareness and a skyrocketing demand for technologically developed devices globally. The sub-segment of mobility scooters held the second position in the market and accounted for a share of 19.8% in the medical mobility aids and ambulatory devices segment in the same year.

Medical Beds Led Medical Furniture and Bathroom Safety Product Segment with a Share of 53% in 2014

The sub-segment of medical beds was the market leader in the medical furniture and bathroom safety products segment and held a share of 53.0% in 2014. The increasing count of disabled population, the growing aging population, and the increasing adoption of fully equipped and patient-friendly medical beds globally are the main factors behind the exponential growth of this sub-segment. On the other hand, the sub-segment of patient lifts is expected to exhibit an exponential 3.20% CAGR between 2015 and 2023. The reasons for the development of this segment include the globally rising aging population and the high adoption of technological developed patient lifts and lifting systems.

On the basis of geography, the North America personal mobility devices market held the top position and constituted a share of 41.4% in 2014. The growth of the market in this region is poised to rise at a 6.80% CAGR between 2015 and 2023. The growing count of individuals with different kinds of disabilities, huge demand for cutting-edge devices, and increasing affordability of individuals residing in North American nations will work in favor of the growth of the market in this region. Europe trailed North America and held the second position in the market with a share of 31.4% in the same year, while the region of Asia Pacific constituted the third position in the market. The Asia Pacific personal mobility devices market is also predicted to exhibit the swiftest CAGR of 9.50% between 2015 and 2023 owing to increasing proliferation of global companies and increasing awareness amongst people in Asia Pacific nations.

Low Acceptance Rate in Developing Economies to Inhibit Market Development

The increasing geriatric population and disabled population globally is a key factor driving the global personal mobility devices market. “Aging demands the need for expensive long-term caregiving services which the middle class population cannot afford”, says a TMR analyst. Hence, the demand for equipment such as bathroom support systems, medical furniture, and mobility devices is on the rise, propelling the overall personal mobility devices market.

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In addition, the increasing regulations posed by governments and grants from international organizations will work in favor of the market’s development. Furthermore, a number of technological developments taking place in this market will also bode well for the growth of the personal mobility devices market. However, the soaring prices of personal mobility devices and decreased acceptance in some of the economies owing to social stigma may come up as key barriers in the growth of this market.

Nonetheless, the rising productive employment of disabled population in some of the developed nations may emerge as a key opportunity in this market, states a TMR analyst

This information is based on the findings of a report published by Transparency Market Research titled, “Personal Mobility Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

 

Mice Model Market: Expected Advancements & Global Industry Analysis 2023

In order to ensure high product differentiation, the leading players in the global mice model market are focusing on extensive research and development. Transparency Market Research (TMR) observes that the rising trend of outsourcing mice models to pharmaceutical companies and contract research organizations (CRO) in emerging markets has increased competition as well as market growth. The leading players in the global market are Charles River, The Jackson Laboratory, Harlan Laboratories, and Taconic Biosciences Inc.

The global mice model market was valued at US$1.06 bn in 2015 and is expected to reach US$1.74 bn by 2023, rising at a CAGR of 6.4% between 2015 and 2023. By specialty, the metabolism and regulation segment dominated the market in terms of revenue in 2015. However, oncology will surpass this segment by 2016. The increasing incidence of cancer and the high overall cost of cancer are constantly pushing companies to develop more efficient therapeutics. This, in turn, has increased the demand for mice models in the field of oncology. The diabetes segment is expected to exhibit a noteworthy CAGR of 10.4% during the forecast period owing to the rising prevalence of diabetes.

This 155 page report gives readers a comprehensive overview of the mice model market. Browse through 20 data tables and 79 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/mice-model-market.html

Presence of Large Number of Research Institutions to Put North America at Forefront

North America will continue to remain the leading geographical segment until 2023, reaching a valuation of US$785.4 mn that year. The presence of a large number of biopharmaceutical companies and research institutions has been instrumental in driving the growth of the region. Asia Pacific is likely to expand at a CAGR of 11.1% during the same period. Factors such as rising healthcare expenditure, improving research infrastructure, and conducive regulatory environment are contributing to the growth of the Asia Pacific mice model market.

Launch of Advanced Mice Models to Stimulate Market Growth

In the past few years, the market has experienced an influx of several mice models. “The development of advanced mice models is not only boosting the application, but also the applicability of these models for complex diseases,” says TMR’s lead analyst. For instance, in 2015, the ALS Association-funded project created a mouse model of the disease using the mutant C9orf72 gene. The model is expected to be highly valuable in studying the disease process and testing therapies against this form of the disease. The development of such models is augmenting market as well as attracting funds for biomedical research. Moreover, the introduction of personalized in vivo analysis mice models, fueled by the need for fast and accurate treatment, is bolstering the growth of the global market.

Rising Concerns Regarding Animal Use to Take its Toll on Mice Model Market

Globally, the increasing concerns regarding the usage of animals for research and teaching purposes are restraining the growth of the mice model market. Several international social organizations such as PETA believe that the use of animals is morally unacceptable and it should be banned. TMR predicts that the agitation against animal use would grow further in the future, which might slow down the growth of the animal research industry.

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With so many sophisticated non-animal product tests now available, companies are looking for alternative tools that are faster and more cost-effective than animal tests. Although these technologies are still in development phases, these would hamper the growth of the animal research industry.

The information presented in this review is based on a Transparency Market Research report, titled,“Mice Model Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023.”

 

Remote Patient Monitoring Devices Market Outlook to 2020 Latest Industry Forecast Report

Transparency Market Research (TMR) has announced the addition of a new market study on the global remote patient monitoring devices market. The report analyzes the drivers and restraints of the market. The report is titled “Remote Patient Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”

As per the findings of the report, the global remote patient monitoring devices market, which was valued at US$0.38 bn in 2013, will rise to US$0.98 bn by 2020, exhibiting a CAGR of 14.2% from 2014 through 2020. An increase in the prevalence of chronic diseases such as diabetes and arthritis and rising healthcare expenditure are expected to drive the global remote patient monitoring devices market.

This 95 page report gives readers a comprehensive overview of the Remote Patient Monitoring Devices Market. Browse through 12 data tables and 29 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/remote-patient-monitoring-devices-market.html

Remote patient monitoring is a type of healthcare service that allows for a patient to use a medical device to monitor and perform a routine test and send the result of the test in real time, to healthcare professionals. In line with the recent trend of patients desiring home care, remote patient monitoring devices have been developed to eliminate the need for frequent visits to hospitals. Thus, remote patient monitoring devices allow for a more customized treatment or post treatment plan.

The global remote patient monitoring devices market is impelled by the rising incidence of chronic diseases such as osteoporosis, respiratory diseases, heart diseases, diabetes, and others. The rise in the geriatric population across the world is driving the global remote patient monitoring devices market. Hospitals are constantly faced with a mounting load to admit patients when there is lack of vacant rooms. Remote patient monitoring has emerged as a solution for hospitals to continue admitting new patients while still offering competitive and effective healthcare services to patients. This alternative is also gaining preference among patients who wish to avail treatments at their own households.

On the other hand, the unwillingness of patients to have their health monitored and tracked on a daily basis acts as a challenge to the market’s growth. However, trust among patients is expected to increase with the rising adoption of these devices. The lack of reimbursement coverage will also impede the growth of the market.

The global remote patient monitoring devices market is segmented on the basis of end users, type, and geography. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is currently dominant in the global remote patient monitoring devices market in terms of revenue. It is expected to retain its dominance owing to aiding factors such as rising healthcare costs in the U.S., a growing number of aged people above 65, and the high prevalence of diabetes in the region. However, Asia Pacific is expected to witness the fastest growth in the market due to rising healthcare costs and booming medical tourism industry in Thailand and India.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Remote Patient Monitoring Devices Market during 2014 – 2020: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=401

On the basis of type, the global remote patient monitoring devices market is segmented into heart monitors, breath monitors, physical activity monitors, hematology monitors, multi-sign monitors, body temperature monitors, and others. Of these, the heart monitors segment, specifically ECG devices, was the leading category in 2013.

The report profiles key companies operating in the global remote patient monitoring devices market. They are: AMD Global Telemedicine, Abbott Laboratories, F. Hoffman-La Roche Ltd., Honeywell HomMed LLC, Covidien plc, and Omron Healthcare Inc.

 

Compression Therapy Market: future market projections for forthcoming years

The presence of a multitude of local and global players renders the global compression therapy market highly fragmented, Transparency Market Research (TMR) says in a new report. Insufficient regulations for commercialization of products make for easy entry of new players making the market highly competitive as well.

Mergers and acquisitions is the focus of majority of companies operating in the global compression therapy market to strengthen their positions. The emerging economies of Asia Pacific and Latin America are also displaying attractive growth prospects.

Adopting collaborative strategies is the way to leverage untapped opportunities that can translate into business gains,” says a TMR analyst. With growing population in China and India along with their increasing interest in sports and fitness, compression therapy product manufacturers stand a chance to obtain gainful opportunities in this market.

This 84 page report gives readers a comprehensive overview of the Compression Therapy Market. Browse through 31 data tables and 17 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/compression-therapy-market.html

TMR estimates the global compression therapy market to be worth US$4.25 bn by 2024 increasing from US$2.6 bn in 2015 at a CAGR of 5.3% between 2016 and 2024.

Clinical Evidence Boost Sales of Static Compression Products

Based on technology, the global market for compression therapy is segmented into static and dynamic. Between the two, the segment of static compression products holds promising growth. Static garments are preferred by doctors for patient care owing to the clinical evidence that support their use. Patients also prefer static compression garments as they are made from comfortable materials and are aesthetically appealing. Other factors contributing to the uptake of static garments are affordability and easy availability.

In terms of product, compression pumps, compression stocking, compression tapes, and compression bandages are the segments into which the compression therapy market is segmented. Among these, compression stocking hold a sway with the product segment accounting for a whopping 43.1% of the market in 2015.

Geographically, North America presents maximum opportunity in the global compression therapy market. The region held a share of close to 47.2% in the global market in 2015 followed by Europe with a share of 32.2% in the same year. The U.S. provides ample growth opportunities to the market due to the widespread prevalence of obesity that ups the ante for vascular diseases.

Asia Pacific extends Lucrative Growth Opportunities

The emerging economies of Asia Pacific and Latin America present the ripest growth opportunities, says the TMR report. Tremendous potential for healthcare products in countries such as China, Mexico, Brazil, and India will present lucrative opportunities for companies vying for a significant share in the global compression therapy market. In emerging nations, advancement of healthcare services, increasing disposable incomes, and increasing prevalence of chronic diseases are expected to present robust growth opportunities for players in the compression therapy market.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Compression Therapy Market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1537

Compression therapy is considered as one of the most effective procedures for treating sports related injuries. The growth of compression therapy market directly corresponds to the rising popularity of sports across the world. Apart from this, the increasing incidence of obesity and increasing number of orthopedic surgeries are also presenting ample opportunities for the growth of this market.

Despite robust growth prospects, lack of reimbursement policies for compression garments will adversely impact the growth of this market. Nevertheless, improvement in healthcare infrastructure in developing countries is expected to provide considerable opportunities for vendors in the compression therapy market.

The review presented is based on the findings of Transparency Market Research report, titled “Compression Therapy Market (Technology – Static, Dynamic; Product – Compression Pumps (Intermittent, Sequential), Compression Bandages, Compression Stocking ( Gradient, Anti-Embolism), Compression Tapes)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024 ”

 

Medical Education must be a lifelong pursuit for all healthcare professionals

A recent study by Transparency Market Research (TMR) has detected a few companies who lead the ever evolving market for medical education, as Apollo Hospitals, Zimmer Institute, TACT Academy for Clinical Training, Olympus Corporation, GE Healthcare, Medical Training College, and Gundersen Health System. Among these, Apollo Hospitals are identified as the leader, owing to their diverse and extensive course portfolio, strong presence in the vastly populated region of Asia Pacific, and widespread scope for the healthcare sector.

Apollo Hospitals Group are expected to hold their flagship position in the global medical education market in the near future too, expanding their geographical reach to Africa via a July 2016 MoUs with Airtel Kenya and Kenyatta National Hospital. The agreement will not only build healthcare infrastructure in Kenya but also educational lectures and medical training programs will be conducted. Apollo Hospitals Group also went into agreement, around the same time last year, with Hainan Ecological Smart City Group. The understanding will focus on developing integrated healthcare facilities in the Chinese province of Hainan.

During the forecast period of 2016 to 2024, the report projects the global medical education market to expand at a healthy CAGR of 4.3%, reaching a valuation of US$38.4 bn by 2024, significantly up from its worth of US$25.9 bn in 2015. The report highlights Asia Pacific and Europe as most lucrative upcoming regional markets, although North America continues to serve the maximum demand.

This 80 page report gives readers a comprehensive overview of the medical education market. Browse through 16 data tables and 22 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/medical-education-market.html

Cardiothoracic Segment Serves Maximum Demand

Based on the type of training, the report segments the global medical education market into neurology, cardiothoracic, pediatric, radiology, orthopedic, oral and maxillofacial, and laboratory. Among these, the cardiothoracic segment presented the maximum demand in 2015 in terms of revenue, which was a reflection of growing prevalence of cardiovascular diseases, coronary blockages in particular. The prosperity of this segment can also be assigned to the effectiveness of the training, which goes a long way in controlling the side effects such as restenosis and thrombosis. Growing awareness among the patients, increasing number of students opting to study heart conditions, and effectiveness of the management program are some of the other factors augmenting the demand for cardiothoracic segment in the medical education market.

Geographically, North America dominated the demand in the global medical education market, gaining traction from well-established education system pertaining to medical practices and research, strong healthcare infrastructure, government support, and high adoptability rate of new technology, such as online education and distance learning. Europe is currently the second most profitable region, although Asia Pacific is rapidly escalating the demand, owing to the popularity of medical education and vast scope of the healthcare sector in this heavily populated region.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving medical education market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=517

Advancements in Online Learning Technology Bode Well for Future

Rise in allied healthcare professionals, advancements in online learning technologies, rapid development in emerging markets such Asia Pacific, which includes India, China, Japan, and South Korea, and incorporation of virtual labs in medical education are some of the prominent factors that will keep the global medical education market in good stead in the near future. On the other hand, the lack of qualified teachers, inadequate CME programs, content-related issues, and inadequate technology infrastructure are some of the factors that are expected to challenge the medical education market from achieving its true potential.

Nevertheless, the author of the report expects innovative technologies that are promoting medical education, rise in public private partnership (PPP), mobile device complaint services, and deployment of learning analytics will open new opportunities for the vendors operating in the global medical education market.

The information presented in this review is based on a Transparency Market Research report, titled, “Medical Education Market (Type of Training – Cardiothoracic, Neurology, Orthopedic, Oral and Maxillofacial, Pediatric, Radiology, Laboratory; Mode of Education – On-campus, Distance, Online) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”