Category Archives: Press Release

Gynecological Devices Market to Become Worth US$22,589.9 mn by 2023

 

The global gynecological devices market is marked by a high degree of fragmentation due to the presence of several large and small manufacturers, reports Transparency Market Research (TMR) in a new business intelligence study. This leaves ample room for market consolidation in the near future. Nevertheless, top companies namely Boston Scientific Corporation, Cooper Surgical, and Olympus Corporation hold prominence on account of their extensive product portfolio and geographical outreach. These companies are vying to introduce non-invasive devices to serve a larger consumer base that will also help expand their geographical outreach. With increasing demand for medical help for women-centric health issues, there lies immense scope of growth for players in the gynecological devices market.

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At present, small as well as regional players hold significant share in the gynecological devices market. However, increasing entry barriers and stringent regulations for product approval are limiting the entry of new companies. Insufficient funding from venture capitalists is also challenging new companies to enter this market.

As per projections of a TMR report, the global gynecological devices market will clock 4.8% CAGR between 2017 and 2023. This will translate opportunities in the market to generate a revenue of US$22,589.9 mn by 2023 from US$17,015.9 mn in 2017. In terms of device type, gynecological surgical devices hold prominence in the market. Rising prevalence of single incision laparoscopic surgeries and advances in conventional endoscopic surgeries account for advances in gynecological surgical instruments. Geography-wise, North America is a lucrative market for gynecological devices due to the early adoption of advanced gynecological devices.

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Efforts of Global Health Organizations for Women Health a Boon for Market

First and foremost, rising incidence of gynecological disorders such as uterine fibroids, cervical cancer, and menorrhagia is driving the gynecological devices market. In developing countries, healthcare infrastructural development and technologically advanced diagnostic services is favoring the gynecological devices market. An increasing awareness among women in these countries regarding therapeutics for gynecological diseases is also stoking demand for gynecological devices. Global health organizations and non-profit organizations conduct periodic health check-ups in developing and underdeveloped countries for women health. This stokes demand for gynecological devices.

In urban areas, modern lifestyle and increasing professional and personal stress are also related to gynecological conditions. This is necessitating routine check-up for women-centric health issues that may require gynecological devices at secondary stage of therapeutics.

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Rising Preference for Minimally Invasive Procedures Stokes Demand

At present, acceptance of minimally invasive procedures generally is on the rise. This is because minimally invasive surgeries involve shorter hospital stay and faster recovery. Minimal scarring and ease of post-surgery care are leading individuals to opt for minimally invasive procedures. Gynecological surgery at one time meant big painful incisions, longer recovery periods, and intense monitoring. Due to this, open exposure surgical hysterectomies is increasingly being replaced with minimally invasive hysterectomies that involve the use of an electric morcellator surgical device.

Increasing public and personal healthcare expenditures and rising awareness of therapeutics for gynecological diseases in developing countries is cementing the growth of this market. Women health in these countries is increasingly being considered important for economic development thus drawing the attention of national governments.

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However, long hauls for product approval and delays for product approval from regulatory authorities is providing headwinds to the growth of gynecological devices market. Stringent documentation and compliance requirements delay commercial availability of advanced first-mover products.

 

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Assistive Technologies for Visually Impaired Market: Competitive Landscape Analysis with Forecast by 2025

Vision is one of the basic five senses in human body which enables us to receive the details, color, and contrast to differentiate objects. However, the capacity of the eye to see diminishes naturally with age. This can be corrected by glasses, medications, or surgery. Changes in vision due to poor health, injury, or eye disease can sometimes lead to partial or complete blindness. Partial vision loss is termed as vision impairment or low vision.

Vision loss may occur at varying degrees such as central vision impairment leading to blind spots, difficulty in seeing fine details, and differentiate colors. Cornea impairment leads to blurred vision, peripheral vision impairment resulting in inability to perceive motion or see in low light. Assistive technologies are devices or equipment that maintain and improve functional capabilities of people with impaired vision. Assistive technology devices could be software, hardware, or standalone device. Different types of assistive technologies are available for visually impaired patients to address different inabilities. These are manufactured to support academic and learning aids, mobility aids, and others.

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According to the Lighthouse National Survey on Vision Loss, in 2010, the U.S. had 8.3 million people aged 65 and above who had some type of visual impairment. This number is expected to increase rapidly from 2010 to 2030 to reach 14.8 million, 7.7 million of which will have a severe impairment. In 1995, the economic impact of visual disorders and disabilities was approximately US$ 38.4 Bn per year. Of this, eye diseases and disorders cost US$ 22.3 Bn in direct costs and US$ 16.1 Bn in indirect costs every year. Over 2 million people in the U.K. had some degree of visual impairment in 2015. According to RNIB statistics, 1 in 5 people aged 75 or more are living with vision loss and nearly 2/3 of those are women. The number of visually impaired people in the U.K. is set to double by 2050 as the population ages.

Government initiatives, funding programs, and technological advancements are the primary drivers of the assistive technologies for visually impaired market. Increase in efforts by manufacturers for the development of highly advanced, technology-based devices is also fueling the growth of the market. Future development of innovative devices for assistance in travelling and computer and smart devices access is also likely to boost the growth of the market. Lack of appropriate technology and high price of devices are some of the restraints of the market.

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Based on type, the global assistive technologies for visually impaired market can be segmented into non-optical low vision devices, low/medium tech devices, optical devices, Braille technology, screen enlargement & readers, video magnifiers, auditory access devices, tactile graphics technology and others. Braille technology is further sub-segmented into Braille translation software, Braille writing equipment, and Braille embosser. Optical devices is anticipated to be the largest segment of the market. Computer access technologies such as screen enlargement and readers are expected to be the fastest growing segment of the market due to the advent of smart devices.

In terms of application, the global assistive technologies for visually impaired market can be categorized into education (reading, writing, and learning), computer access, orientation & mobility, and physical & social education.

Based on end-user, the global assistive technologies for visually impaired market can be divided into blind schools, enterprises & social organizations, and disabled persons federation & hospital.

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In terms of region, the global assistive technologies for visually impaired market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Growth of the assistive technologies for visually impaired market in different regions is dependent on factors such as reimbursement issues, medical practices, and education, and training. Considering the revenue generated by the services for visually impaired market, North America is expected to be the largest market owing to increase in demand in the U.S. driven by rise in prevalence of chronic disorders and surge in geriatric population.

Key players operating in the global assistive technologies for visually impaired market are Ai Squared, C-Tech, Freedom Scientific, Humanware, Serotek, Apple, Inc., Astec Assistive Tech Solutions, Nippon Telesoft, BAUM Retec, Papenmeier, and Amedia.

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Ligament Stabilizer Market is Expected to Rise to a Valuation of US$ 3.5 Bn by 2026

High Demand for Knee Braces & Supports to Bring in over US$ 1.4 Bn by 2026-end

Majority of ligament stabilizer products being adopted in the global healthcare industry are observed to knee braces & supports. The effectiveness of these braces and supports during the reconstruction of cruciate ligaments will continue to instrument their growing adoption. By the end of 2026, nearly 40% of the overall market revenues will be accounted by global sales of knee braces & supports. The report also assess a steady demand for foot and ankle braces & supports. In 2017, foot and ankle braces & supports worth around half a billion dollars have been sold in the global ligament stabilizer market.

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In terms of sales, hospital pharmacies are poised to bring in around US$ 1.5 Bn in global revenues by the end of 2026. The report also reveals that ligament stabilizer products will be rapidly sold through retail pharmacies in the foreseeable future. High incidence of mild ligament injuries will also influence the sales of ligament stabilizer products. The report projects that ligament stabilizers used for treatment of grade 1 injuries will account for the highest share of global revenues throughout the forecast period. In 2017, grade 1 injuries accounted for global adoption of ligament stabilizers worth more than US$ 1 Bn.

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North America to Represent Highest Adoption of Ligament Stabilizers through 2026

Incidence of multiple knee injuries is relatively high in the US and Canada. Proactive lifestyles, active participation in outdoor activities & sports events, and the contrasting rise in disregard for personal physical fitness has collectively spurred the incidence of ligament injuries in the US. Manufacturing of ligament stabilizers in North America remains quality-oriented, and several domestic players are incurring lucrative gains from rising exports. The study projects that by the end of 2026, North America’s ligament stabilizer market will surpass US$ 1 Bn valuation. Europe and the Asia-Pacific excluding Japan (APEJ) region are also observed as lucrative for expansion of the global ligament stabilizer market. While Europe will showcase second-highest adoption of ligament stabilizer, APEJ countries will instrument the global ligament stabilizer production through 2026. A long-term outlook on the future of global ligament stabilizer market, proposed by the study, remains positive with advancements in product development and an upsurge in post-surgical applications.

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Rising incidence of ligament injuries across multiple body parts such as shoulders, spine, wrists, knees, and feet will propel the adoption of ligament stabilizers. Leading manufacturers of medical devices are expected to increase their presence in the global production of ligament stabilizers. To meet the growing demands, companies namely, Össur hf, DJO Global Inc., Bauerfeind AG, Breg, Inc., BSN Medical GmbH, DeRoyal Industries, Inc., Otto Bock Healthcare GmbH, 3M Company, medi GmbH & Co. KG, and THUASNE SA are expected to lead the production of ligament stabilizers in the years ahead. Transparency Market Research’s latest forecast study has assessed these companies as leading players in the global ligament stabilizer market. The study foresees a robust growth in demand for ligament stabilizers for the assessment period, 2017-2026. During this period, the global ligament stabilizer market is pegged to expand at an estimated 6% CAGR. The report also forecasts that by the end of 2026, ligament stabilizers worth over US$ 3.5 Bn will be sold across the globe.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Nanotechnology in Dental Implants Market value projected to expand by 2024

Global Nanotechnology in Dental Implants Market: Overview

Dental implants have been a part of healthcare industry since a long time, restoring or replacing the defective teeth, which may otherwise lead to infections in gingival tissue. The primary challenge for the dental surgeons has been to achieve osseointegration but now, with the introduction of nanotechnology, several branches of medicine has been revolutionized, including dentistry. In the recent times, nanotechnology has helped in creating nanomaterials that are now used to manufacture next-generation implants. Nanomaterials influence the osteointegration process and remarkably reduce the chances of infection. As per a report by the American Academy of Implant Dentistry, the country-wide market in the U.S. alone is witnessing 500,000 new cases of dental implants per year. Similar surge has been observed across the world and as a result, the global market for nanotechnology in dental implants is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.

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Global Nanotechnology in Dental Implants Market: Trends and Opportunities

The lower failure rate of dental implants is one of the primary reason that inspires consumers. With nanomaterials, the added advantages such as improved bone healing, improved osseointegration, and reduction in infections is expected to further augment the demand in the global market for nanotechnology in dental implants. It has been observed that dental surgeons and general practitioners are increasingly adopting the new technology over the other available alternatives. Moreover, high number of edentulous population in the western world and the increasing disposable income in Asia, Africa and other parts of the world is expected to propel the demand in near future. The awareness pertaining to dental care is also on the rise, which is opening an opportunity for the players in the market to invest proactively in order to gain shares.

The field of dentistry procedures has also been benefitted by the introduction of technologies such as CAD/CAM, which offers wide range of options to the patients. For example, ceramic crowns offer better esthetics, while metal-fused ceramic crown offer greater strength. Conversely, high cost of procedure and the lack of reimbursement is expected to hinder the growth rate during the forecast period.

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On the basis of products, the global market for nanotechnology can be segmented into titanium dental implants, ramus-frame dental implants, root-form dental implants, blade-form dental implants, and transosseous dental implants. The segment of titanium dental implants can be further sub-segmented basis of stages involved in surgery (single stage & two stage), and type of connectors (internal hexagonal, external hexagonal, and internal octagonal). By procedure, the global market for nanotechnology in dental implants can be classified into root-form dental implant and plate-form dental implant. Out of these, root-form dental implants are the most prolifically used dental implants, owing to its durability and high success rate in comparison to other types of implants.

Global Nanotechnology in Dental Implants Market: Region-wise Outlook

Geographically, North America and Europe contributes to the most of the demand in the global market for nanotechnology, recovering after a considerable slump due to the economic crisis post 2009-2010. On the other hand, the market is expected for a significant growth in the region of Asia Pacific and South America during the forecast period, due to increasing purchasing power and consumer acceptance of advanced dental technologies.

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Companies mentioned in the research report

Some of the key players in the global nanotechnology in dental implants are Nobel Biocare Holdings AG (Switzerland), Nobel Biocare (Switzerland), Dentsply International (U.S.), 3M (U.S.), Danaher Corporation (U.S.), Ivoclar (Liechtenstein), Sirona (U.S.), Heraeus Kulzer (Germany), Biomet/3i (U.S.), and Straumann Holding AG (Switzerland). These leading companies in this market are heavily investing in research and development to develop nanomaterials that are more biocompatible possessing qualities such as adsorption of proteins, higher osseointegration, and adhesion to cells and tissues. Innovative nanotechnology in dental implants is expected to help these companies to consolidate their position in the market.

 

Nerve Monitoring Devices Market to Develop Rapidly by 2024

Global Nerve Monitoring Devices Market: Snapshot

Nerve monitoring devices are used by surgeons in an intraoperative manner for the monitoring and identification of any changes in the body during surgery. The monitored parts commonly include the peripheral nerve functions, the spinal cord, and the brain. Nerve monitoring devices are largely used during general surgeries as well as surgeries of the ear, nose, and throat. Neural function monitoring is irreplaceably invaluable in the effort to prevent damage to nerves in the middle of a surgery. The chances of nerve damage during surgery can be extremely high for certain types of surgeries, making the use of nerve monitoring devices absolutely essential.

The number of neural surgeries being performed around the world are increasing at a swift pace, primarily owing to the increasing geriatric population. This is broadening the scope of demand for the global nerve monitoring devices market and will continue to do so for the coming years. The developed economies has so far shown a strong suite of healthcare development in terms of technologies and infrastructure and hold prime candidates for the leading demand in the global nerve monitoring devices market. Meanwhile, emerging economies, owing to their massive population densities, are bound to show up on the map sooner rather than later in terms of massive demand scales for various nerve monitoring devices.

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Global Nerve Monitoring Devices Market

Nerve monitoring devices are various implements used to supervise the function of the nervous system during surgeries. Since neural function is absolutely vital and the risk of inadvertent damage to nerves during several surgeries is moderately high, nerve monitoring devices have gained widespread acceptance in recent years. Nerve monitoring devices monitor the integrity and ensure the continued function of a few key areas, in order to avoid irreparable nerve damage.

The global nerve monitoring devices market is propelled by the increasing number of neural surgeries and the increasing geriatric population, among other factors. The report presents the expected qualitative and quantitative impact of the driving and restraining factors influencing the global nerve monitoring devices in the 2016–2024 forecast period, in addition to data on the competitive and commercial dynamics of the nerve monitoring devices industry.

Global Nerve Monitoring Devices Market: Drivers and Restraints

The major driver of the nerve monitoring devices market is, naturally, the increased number of neural surgeries performed around the world. Due to advancements in our knowledge about the nervous system, increasingly complex neural surgeries can now be performed with near-absolute safety. This has led to a consequent rise in the demand for nerve monitoring devices.

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The rising geriatric population around the world is also a significant factor propelling the global nerve monitoring devices market. The elderly are more prone to nervous diseases than their younger counterparts, and the former are also more likely to require surgical interventions than the latter. Both these factors lead increased demand for nerve monitoring devices, since they are used in both neural and other surgeries that present a risk of nerve damage.

Apart from these, the major driving factor propelling the global nerve monitoring devices market is increasing awareness among the global population. The broadening population pool of patients who can afford advanced medical treatments is also boosting the global nerve monitoring devices market.

Global Nerve Monitoring Devices Market: Geographical Overview

The global nerve monitoring devices market is led by North America. The increasing demand for neural surgeries in the region, the high purchasing power of patients in the region, and the firm establishment of major medical research avenues have been the primary drivers for the North America nerve monitoring devices market. The high geriatric population of the region has also helped the expansion of the nerve monitoring devices market.

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Europe was the second-largest market for nerve monitoring devices in 2015. Several governments in Europe have proactively encouraged medical research, which has boosted the neural surgery sector. The Europe and North America markets for nerve monitoring devices are also helped immensely by the heavy public health-care expenditure, as well as the presence of sufficient reimbursement schemes.

In the coming years, though, the increasingly urbanized Asia Pacific market for nerve monitoring devices is expected to emerge as a major regional player in the global market. As health-care infrastructure spreads across developing economies such as China, India, and Japan, advanced medical procedures and devices will become easily available, driving the market for implements such as nerve monitoring devices.

Major players operating in the global nerve monitoring devices market include Medtronic, Nihon Kohden Corporation, Inomed, Dr. Langer Medical GmbH, EMS Biomedical, and Natus Medical Incorporated.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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