Rising pressure to reduce medical waste on medical organization due to environmental concerns are the major factors driving the global reprocessed medical devices market. In the next few years the demand for reprocessed medical devices is expected to increase significantly in the emerging economies such as China and India due to rising population base and emphasis on cost reduction.
Rising prevalence of heart disorders, increasing obese population and growing geriatric population are the key factors that have urged the advent of blood pressure monitoring devices market. In the next few years the demand for blood pressure monitoring devices is expected to increase significantly in the emerging economies such as China and India.
3D printing, also called as additive manufacturing refers to a process used for making three-dimensional (3D) solid objects using a 3D digital model. With the rising advancement and adoption of 3D printing, the technology is expected to become prominent in the healthcare industry.
The healthcare industry is one of the earliest verticals to adopt and integrate healthcare IT technologies. The adoption of technologies such as practice management software by the healthcare industry has enabled medical community including dentists to adopt a patient-centric approach, limiting the effects of limited medical workforce by generating and compiling clinical, administrative and financial data efficiently. The state-of-the-art software solutions also enable dentists to streamline their workflow and maximize the chair time utilization leading to improved profit margins. Thus, the emergence of medical practice management software solutions has completely transformed the dentistry sector.
The growth of endoscopy devices market is attributed to growing preference for minimally invasive surgical procedures, R&D activities and growing prevalence of diseases and conditions that demand endoscopic procedures. In the coming future, the endoscopy devices market is expected to undergo rapid growth in Asia-Pacific, Latin America and Middle East and Africa regions.
This report on medical adhesives and sealants market gives a comprehensive assessment of the industry on products, applications, end-use and regional levels. The study offers market size and forecast (USD Mn) of its component segments for the period 2014-2025, with respective CAGRs (value %) for the period 2016-2025, while considering 2015 as the base year.
Orthopedic prosthetic devices are defined as external medical that substitute for the missing skeletal part. Orthopedic prosthetics are a vital component of rehabilitation of the injured or harmed skeletal system, associated musculature and joints. These devices are mostly used after trauma or surgical removal of body appendage, disability arising from congenital condition or similar such disabling illnesses. Orthopedic prosthetic devices efficiently facilitate replacement of such missing body part and make up for normal living.
Hospital acquired infections (HAI) or diseases, also called as nosocomial infections are acquired in healthcare in-patient settings. It is estimated that in the U.S., 9.2 out of every 100 parents acquire hospital infection. Urinary tract infection and pneumonia are the most common types of HAI, followed by bloodstream infection, and surgical site infection.
The quantum dots technology is poised to witness growing adoption, especially in the consumer segment (display and lighting). The anticipated growth can be majorly attributed to escalating demand for energy efficient lighting solutions and display panels. In addition, miniaturization property of quantum dots has enabled them to find applications in different domains including healthcare, consumer, industrial, defense and surveillance, and energy among others.
The interventional pulmonology market is set to grow at a compounded annual growth rate (CAGR) of 4.8% during the forecast period from 2025 to 2033. As per the statistics provided by World Health Organization (WHO), in 2019 approximately 2.09 million people died due to lung cancer. Tobacco smoking is the leading causes of formation of malignant tumours and neoplasms in the lungs. Interventional pulmonology is a relatively new field which has gained tremendous attraction in the last decade which employs sophisticated tools to perform diagnosis and treatment of various pulmonary disorders. Apart from pulmonologist cardiothoracic surgeons also routinely perform interventional pulmonology procedures.
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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