The global automated endoscope reprocessors market accounted for market value of US$ 364.2 Mn in 2017 and expected to attain US$ 554.4 Mn by 2026. Worldwide growing endoscopy and minimally invasive surgical procedures coupled with increasing prevalence of infectious diseases drives the overall market growth during the forecast period.
Extended warranty market expected to grow at a CAGR of 6.2% from 2021 to 2029 and reach US$ 59.53 Bn in 2029. Growing penetration of high-end smartphones, tablets and laptops among consumers is one of the primary factors governing the growth for extended warranty market for consumer electronics.
The dental ultrasonic scaler is utilized to eliminate calculus or tartar hastily from the teeth surface. During the calculus cleaning, the scaler tip vibrates in the ultrasonic range of 20-45 kHz and the tip is cooled by a jet of water.
A cochlear implant (CI) is an electronic device that aids in hearing to a person who is severely hard of hearing in both the ears. Cochlear Implants Market Is Projected to Expand At A CAGR Of 6.5% Between 2025 And 2033 The device is implanted surgically and works by transmitting sound signals to brain. Unlike hearing aids that amplifies the sound at the outer ear, the cochlear implant system bypasses the non-functioning parts of ear and delivers sound in the form of electrical signals through hearing nerve. 3M became pioneer in the cochlear implants market with the approval of first cochlear implant in 1984.
According to the research citing of the National Kidney Foundation report 2015, 1 in 5 women encounter urinary tract infection once in a lifetime. Injuries occurring in the lower urinary tract are uncommon, as against the frequent injuries inflicted on the urinary bladder during surgical procedures. Bladder injuries are easily diagnosed and treated immediately. Ureteral injuries and related complications are very difficult to diagnose, and if left untreated, is life threatening with potential damage to the kidney.
Failure to restore normal sinus rhythm of the heart results in abnormal or ectopic heartbeat, often referred as cardiac arrhythmia. The arrhythmia is initiated by three discernable etiologies such as re-entry, automaticity and triggered. Automaticity occurs due to alterations in the ion exchange at cellular level. Re-entry occurs when the propagating electric impulse does not fade away and re-excites the heart even after the refractory period is over. Triggered events rarely occur from abnormalities encountered in the heart muscles ion exchange. Pacemakers are used in patients to maintain the normal heartbeat in patients suffering with cardiac arrhythmias.
Medical device manufacturers are currently focusing on development of cellular-electrode interface and the employment of organic conductors as alternative to metal electrodes. Organic conductors possess excellent electrical properties such as unfettered conductivity and reduced impedance to start the power system. They also possess high malleability in order to fabricate them as effective medical devices. Organic conductors must also have specific chemical properties such as hydrophilicity, biocompatibility and thermostability to undergo sterilization without degradation of the above properties.
Bariatric surgery devices market estimated to reach US$ 3,163.5 Mn by 2026 from US$ 2,006.0 Mn in 2017, at CAGR of 5.1% during the forecast period. Bariatric surgery employs numerous techniques for treating obesity such as balloon placement or banding of the stomach.
Wilson’s disease occurs equally in both male and female population, but research studies have cited differences in the sex specific phenotypes. Hepatic symptoms occurs 55%-60% more in the female population.
The intervertebral disc consists of an inner portion which is a jelly like material and an outer portion which is a strong fibrous material. Over the last 3 decades, several medical device manufacturers have invested in the research and development of artificial discs which have received stringent scrutiny for approval from the regulatory agencies globally. The risks associated with total disc replacement are stroke, bleeding, nerve damage and difficulty in breathing. The manufacturers are currently developing artificial discs using radiolucent materials.
The global market for medical devices is anticipated to increase at a CAGR of 5.5% from 2023 to 2030. An increasing number of patients are undergoing diagnostic and surgical treatments due to the increasing frequency of chronic diseases and the healthcare industry's emphasis on early detection and treatment. In developed and developing countries, the demand for medical devices, such as capital equipment and consumables, is fuelled by an increase in the number of hospitalizations and surgical and diagnostic procedures. Leading market participants are expanding their spending in R&D for the development of technologically improved equipment in order to meet the rising demand for novel devices. Over the projected period, the medical devices industry is anticipated to be bolstered by the rising investment of medical technology businesses in research and development, as well as by regulatory agencies' favorable clearance scenarios.
There are some limitations to wearable technology, including security and data privacy concerns. Despite these limitations, fitness trackers and activity monitors continue to enjoy a substantial market share due to their usability and benefits. The increased emphasis on fitness among adults worldwide and the increasing emphasis of regional and national healthcare agencies on monitoring and diagnosis have contributed significantly to the increase in demand for fitness trackers.
Although internet connectivity is essential for the transfer of patient data from remote devices to physicians, data security risks may impede the growth of the medical device market. Hence, this increases the risk of data security. The increasing use of connected devices increases the likelihood of data breaches or hackers. Almost 2,300 patients of Hammersmith Medicines Research had sensitive information including medical questionnaires, copies of their driver's licenses, passports, and national insurance numbers leaked in March 2020. On these patients, the research business was conducting trials for the COVID-19 vaccination.
Breakthroughs in medical technology have radically transformed patient care by enabling a greater emphasis on clinical outcomes. For instance, minimally invasive or non-invasive medical technology not only save recuperation time but decrease medical expenditures. The expansion of the markets for telemedicine and drug-eluting stents exemplifies the expanding trend in modern medicine to use cutting-edge technology to improve therapeutic outcomes.
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