Category Archives: Medical Devices

Homeopathy Product Market is expected to reach US$17,486.2 mn by 2024

The global homeopathy product market has been expected by Transparency Market Research (TMR) to testify the presence of a significant count of small and medium-sized companies. In 2015, the global homeopathy product market was observed to have top five companies securing above 27.0% of the total share. Holding more than 17.3% share in the global homeopathy product market during the same year, Boiron Group has been anticipated to showcase a telling influence. So far, a sturdy presence in top regions such as the Middle East and Africa, Asia Pacific, North America, and Europe has been predicted to help the company account for a prominent status in the global homeopathy product market.

Amid neck-and-neck competition in the global homeopathy product market, other companies such as Homeocan Inc., Washington Homeopathic Products, Inc., Standard Homeopathic Company (Hyland’s, Inc.), GMP Laboratories of America, Inc., and A. Nelson & Co. Ltd. could struggle to take hold of a strong share during the forecast period 2016–2024. However, business strategies such as expanding across lucrative regions, leveraging influential e-commerce marketplaces, and increasingly focusing on effective promotional and marketing activities could help players gain traction in the global homeopathy product market.

This 219 page report gives readers a comprehensive overview of the homeopathy products market. Browse through 26 data tables and 141 figures to unlock the hidden opportunities in this market:

According to a TMR report, the global homeopathy product market has been envisaged to register an 18.2% CAGR for the forecast period to expand from US$3.8 bn in 2015 to US$17.4 bn by 2024. The dilutions product type market could dominate until 2024 with a close to 35.8% share on the cards. In terms of geography, the Middle East and Africa has been foretold to be quite promising with an estimated 21.1% CAGR expected to be recorded during the course of the forecast period.

Allopathic Medicine Side Effects Turn Tables, Shift Demand to Homeopathy

The analysts have foreseen the rising aversion to allopathic medicine to bode well for the growth of the international homeopathy product market. The augmenting concern of cumulative side effects taking shape with prolonged usage of allopathic drugs could turn the attention to alternative treatments such as homeopathy. Billions of funds have been expended in the purchase of homeopathy medicines in North America. Since then, the international homeopathy product market has skyrocketed and been envisioned to be on the verge of becoming a mainstay in almost all important regions across the globe.

Other factors such as a perpetual rise in the demand for convenient medicine dosages and increasing disposable income of consumers have been prognosticated to lay a solid foundation of growth in the international homeopathy product market.

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Lack of Quality Disapproves Rise in Growth

The world homeopathy product market has been projected to suffer a lack in demand and negative consumer experiences owing to poor quality control. The implementation of quality assurance standards through a consolidated effort could be challenging, taking into account the scattering of small and medium-sized businesses that gather a substantial chunk of revenue in the world homeopathy product market.

Howbeit, vendors operating in the world homeopathy product market could make a comeback in terms of sales revenue with effective research and development activities conducted to counter the loss of quality. This has also been forecasted to improve the trust of consumers in the world homeopathy product market.

The information presented in this review is based on a TMR report, titled, “Homeopathy Product Market (Product – Tincture, Dilutions, Biochemics, Ointments, and Tablets; Application – Analgesic and Antipyretic, Respiratory, Neurology, Immunology, Gastroenterology, and Dermatology; Source – Plants, Animals, and Minerals) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”


Medical Aesthetic Devices Market – Latest Trends & Insights 2024

Medical Aesthetic Devices Market: Snapshot

Expanding at a healthy 9.9% CAGR from 2016 to 2024, the medical aesthetic devices market is poised to amount to a value of US$15.1 bn by 2024. The opportunity in the market was pegged at US$6.5 bn in 2015. This signifies that despite the small share aesthetics holds in the overall medical devices industry, the market holds immense scope for growth. A rapidly expanding pool of geriatrics is perhaps the most significant factor driving the demand for aesthetic procedures, thereby boosting the sales of medical aesthetic devices around the world. An increasing number of medical discoveries and innovations have transformed the healthcare and medical devices industries and the rising demand for youthful radiance will continue to offer a world of opportunities for players to capitalize on.

This 208 page report gives readers a comprehensive overview of the medical aesthetic devices market. Browse through 48 data tables and 81 figures to unlock the hidden opportunities in this market:

Aesthetic Laser and Energy Devices Emerge as Most Preferred Product Category

The medical aesthetic devices market can be segmented on the basis of product into facial aesthetic devices, aesthetic implants, skin tightening and body contouring devices, and aesthetic laser and energy devices. Comprising of ablative and non-ablative resurfacing devices, the segment of aesthetic laser and energy devices held the dominant share of over 30.0% in 2015 and is anticipated to exhibit rapid expansion over the coming years. This segment has been identified as having the most potential for growth owing to the fact that dermatologists prefer these devices over any other.

The most common use of aesthetic laser and energy devices is in hair and skin treatments, which comprise skin rejuvenation, tattoo removal, and removal of pigmented lesions. Considering that these devices are non-invasive in nature, they have gained preference over other devices among patients. Moreover, since these devices can be quite capital intensive, several manufacturers are offering to lease these laser and energy devices and ensure greater adoption.

Youth-oriented Culture of Americans to Ensure Dominance of the Region through 2024

Among the key regional segments, North America dominates the worldwide market for medical aesthetic devices, powered by the U.S. This flourishing market accounted for a massive 43.0% share in 2015, thanks to the strong presence of leading medical device manufacturers. North America is predicted to retain its lead throughout the forecast period on account of greater purchasing power of the consumers, an increased focus on innovation, and a rising number of aesthetic companies operating out of the U.S. Another factor driving the medical aesthetic devices market in North America is a large geriatric population and a high number of consumers looking for ways to delay or reverse signs of aging. This youth-oriented nature of the people has translated into increased demand for medical aesthetic devices such as injectables.

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Asia Pacific and Latin America have been identified as immensely lucrative markets and both the regions are anticipated to exhibit strong growth in the coming years. This potential growth can be attributed to a large population, rising disposable incomes of the people, growing awareness among the consumers regarding the benefits offered by aesthetic treatments, and an increasing presence of several local device manufacturers offering competitively-priced products.

Allergan plc, Lumenis Ltd., Syneron Medical Ltd., Merz, Inc., Cynosure, Inc., Alma Lasers (Fosun Pharmaceutical Co., Ltd.), Galderma S.A. (Nestle), Cutera, Inc., ZELTIQ Aesthetics, Inc., Solta Medical, Inc., and Mentor Worldwide LLC (Johnson & Johnson) are some of the most prominent players in the global medical aesthetic devices market. The market is highly consolidated by nature and several companies are resorting to strategic collaborations to gain a greater share in the medical aesthetic devices market.


Prepacked Chromatography Columns Market: Expected Advancements & Global Industry Analysis 2024

The global prepacked chromatography columns market is an extremely consolidated arena, with the top two players, namely GE Healthcare and Repligen, accounting for 78.0% of the overall market in 2015. GE alone represented whopping 54.0% of the market in the same year. These players are paying high attention towards product innovation and engaging themselves in mergers and acquisitions to maintain their leadership in the market, finds Transparency Market Research (TMR) in a study. For instance, with the acquisition of Atoll, Repligen is anticipated to cover a larger share in the market in the forthcoming years.

Asia Pacific to Emerge Leading Revenue Contributor Owing to Increasing Investments by Global Players

This 281 page report gives readers a comprehensive overview of the prepacked chromatography columns market. Browse through 28 data tables and 174 figures to unlock the hidden opportunities in this market:

The valuation of the global prepacked chromatography columns market was US$1.74 bn in 2016 and is poised to reach US$3.34 bn by 2024, progressing at a CAGR of 8.4% therein. On the basis of technology, hydrophobic stationary phase will continue to dominate until 2024, commanding 72.8% of the overall market. Increasing investments and funding along with uptick in research and development activities in the life sciences, biotechnology, and pharmaceutical sectors are supplementing the growth of the segment. On the other hand, multimodal chromatography is expected to register a CAGR higher than any other segment during the review period.

Geographically, North America was the frontrunner in the market in terms of revenue in 2016. However, Asia Pacific is anticipated to surpass the region towards the end of the forecast period. The growing investments by international players and improving scenario for research and development activities are providing a significant momentum to the market in the region. Owing to these factors, the region is estimated to rise at a CAGR of 10.2% during the same period.

Growing Demand for Therapeutic Monoclonal Antibodies Escalates Market Growth

The soaring need for therapeutic monoclonal antibodies in the treatment of various diseases such as allergic diseases, cancer, and autoimmune disorders is creating a staggering volume of demand for prepacked chromatography columns. Moreover, the growing production of biopharmaceutical drugs is paving way for higher need for purification, which in turn is working in favor of the market. “Biopharmaceuticals require exceptional purity, thereby making downstream process an important component of the overall process,” says a TMR analyst.

In addition, the burgeoning demand from other end-user industries such as food and beverages, chemicals, and biotechnology is augmenting the market. Furthermore, increasing research and development activities in the field and rising government initiatives and awareness campaigns are providing the market with a conducive environment to foster.

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Economic Slowdown and High Price Hinder Demand for Prepacked Chromatography Columns

Volatile economic conditions in certain parts of the world have considerable impact on government budgets and available funding for the healthcare sector. This in turn is adversely affecting the growth of the global prepacked chromatography columns market. Additionally, the high prices of columns are limiting their widespread adoption. Furthermore, issues such as fouling and clogging are hampering the growth prospects of the market. Fouling and clogging results in the reduction of dynamic binding capacity (DBC) and a subsequent decrease in the life span of columns.

The above data has been derived from a report by TMR, titled “Prepacked Chromatography Columns Market: (Product Type – 1-100 ml, 100-1000 ml, and >1L; Technique – Hydrophobic Stationary Phase, Ion Exchange Chromatography, Affinity Chromatography, Multimodal Chromatography, Gel Filtration; Application Type – Sample Preparation, Resin Screening, Protein Purification, Anion and Cation Exchange, and Desalting; End-user – Pharmaceutical Biotechnology, Food and Beverage, Agriculture and Environmental, Nutraceutical, Academics and Research, and Analytical Laboratories) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”


Contact Lens Market – Latest Innovations, Drivers, Restraints, Challenges and Forecast 2016 – 2024

The global contact lens market is consolidated with the top four players accounting for 68% of the market in 2015. These companies are The Cooper Companies, Johnson & Johnson, Bausch and Lomb, and Alcona Inc. Key players in the market are focusing on innovation and new product development. Thus, players are investing extensively on research and development so as to expand their product portfolio. Companies such as Novartis International AG and Valeant Pharmaceutical are upgrading their products by incorporating new technologies. Companies are also engaging in strategic mergers and acquisitions to strengthen their market position and enhance their technology portfolio, states a new report by Transparency Market Research (TMR). This strategy also helps companies to build a stronger customer relationship and implement engineering know-how. A gain of new resources and competencies is another advantage of acquiring other companies.

This 130 page report gives readers a comprehensive overview of the contact lens market. Browse through 4 data tables and 81 figures to unlock the hidden opportunities in this market:

According to the report, the global contact lens market will rise from US$9.74 bn in 2015 to US$18.70 bn by 2024, expanding at a 7.6% CAGR from 2016 to 2024. On the basis of technology, the cast molding segment is likely to lead and will be worth US$14.67 bn by 2024. By product, the market for soft lens will be worth US$13.38 bn by 2024. On the basis of design, the spherical segment will continue to lead through 2024. On the basis of geography, North America, closely followed by Europe is most likely to lead in the market. North America contact lens market is projected to be worth US$5.76 bn by 2024 on account of early penetration of technology in this region and the growing number of youth making use of contact lenses.

Unhealthy Lifestyles and High Use of Digital Gadgets to Drive Demand for Contact Lenses

The number of people who are prone to various ophthalmological disorders such as hypermetropia, myopia, and astigmatism is growing and with it the market for contact lenses. These lenses not help with vision correction but provide the comfort of not having to wear glasses. Unhealthy lifestyle and high use of digital gadgets such as smartphones, tablets, and laptops, for long hours are causing various ophthalmological disorders among people of all age groups. This will ensure a high demand for contact lenses, especially among the younger generation.

The growing trend of adopting contact lenses for the purpose of fashion or to change eye color is expected to boost the market. In addition to this, the adoption of contact lenses in the fashion industry is another driving factor for the market. Moreover, contact lenses can be customized as per customer requirements, fueling their adoption. Teens are often more self-conscious about their appearance and opt for contact lenses, driving the market’s growth. Furthermore, the inconvenience of replacing and repairing eyeglass frames in outdoor activities will also aid the growth of the market.

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Negative Impression on Customers to Refrain Future Purchase

In rural areas of emerging nations in Asia Pacific and the Middle East, practitioners are not well equipped to be able to prescribe contact lenses as per patient needs. This creates a negative impression about the usage of contact lenses on patients and refrains them from buying these products again. With increasing dropouts, the global contact lens market is hampered. “However, with the rise in the demand for contact lenses, key manufacturers are investing in proper training of practitioners,” says a TMR analyst. This will reduce the impact of the restraint.

In terms of opportunities, the improved economic conditions in countries such as Asia Pacific, Latin America, and the Middle East and Africa are expected to increase the purchasing power of the people. This is expected to positively impact the market. The popularity of contact lenses in China, India, Japan, and South Korea is increasing. The opportunities in rural areas will also aid the growth of the market.

This information is based on the findings of a report published by Transparency Market Research titled “Contact Lens Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”


Hearing Aids Market : Strategies & Insights, & Recent Developments

A new research report by Transparency Market Research states that the competition in the global hearing aids market is quite consolidated one. Analysts state that Sonava held a share of 25% in the global market in 2015. According to the research report, the top six companies in the global market held a share of 98% in 2015. “High investments made in setting up production facilities and research and development centers have given these companies an edge over others in the past few years,” states the leading author of this research report. The companies are expected to have several lucrative opportunities in the near future as hearing impairment emerges as a chronic condition.

This 94 page report gives readers a comprehensive overview of the hearing aids market. Browse through 20 data tables and 26 figures to unlock the hidden opportunities in this market:

Unmet Medical Needs of Asia Pacific Strengthen Regional Segment

The research report states that the opportunity in the global hearing aids market will be worth US$7.01 bn by 2024 as compared to US$4.7 bn in 2015. During the forecast period of 2016 and 2024, the global market is expected to progress at a CAGR of 4.5%. The market will be primarily growing demand for adult hearing aids, which held a share of 94.83% in the overall market in 2015. Analysts predict that rising pool of geriatrics will accelerate the demand for adult hearing aids, especially in the developing countries due to rising disposable incomes. In tandem with this emerging trend, Asia Pacific is projected to witness a spectacular consumption of hearing aids during the forecast period. The demand will also be a result of huge unmet medical needs in the region.

Susceptibility to Impaired Hearing Amongst Geriatrics becomes Premise for Market Growth

The global hearing aids market has been thriving due to the growing pool of the aged people who are susceptible to developing hearing impairments. Thus, regions that boast dense geriatric population will augment the demand for hearing aids in the near future. The growing awareness about benefits of using hearing aids and the introduction of a wide range of hearing aids has also propelled the growth of the global market. Technological advancements in improving the quality of hearing and ensuring comfort for the wearer have also resulted in rising sales of hearing aids across the globe over the past few years. The availability of rechargeable hearing aids has also favored market’s growth.

Initiatives and efforts taken by governments in both developing and developed regions to help citizens suffering from hearing loss have resulted in a positive influence on the global market. Favorable regulatory policies along with growing investments to upgrade the overall health status of individuals in developing countries has resulted in surging demand for hearing aids in recent years. In terms of regions, Europe is expected to lead the global hearing aids market in the coming years due to a significant pool of geriatrics in the region, who have the capacity to pay for medical treatments and devices. On the other hand, the ever-increasing population base of Asia Pacific is also projected to fuel the regional growth of the market. Though the demand for adult hearing aids is expected to dominate, the pediatric hearing aids are also anticipated to be an emerging segment in the next few years.

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Unaffordability of Hearing Aids Cools Consumer Expenditure

Despite the strong market drivers, the global market is being overshadowed by the high cost of hearing aids, which makes it an unreachable medical device for many. Additionally, the need to replace this device due to wear and tear has also hampered its uptake amongst a sizeable population in several developing and underdeveloped countries, where spending money on healthcare is not feasible. The market is also facing the music as loss of hearing is seldom diagnosed at early stages. Thus, all of the aforementioned factors are likely to dampen the market’s spirit in the coming years.

This review is based on Transparency Market’s research report, titled Hearing Aids Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”