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Global Endoscopy
Ultrasound Market to Expand 1.5x by 2026
The scope of global endoscopy ultrasound market has widened
since the past few years. This is primarily attributed to the increased
incidences of gastrointestinal cancers across the world. The World Health
Organization (WHO) estimates that more than 700,000 cancer-related casualties
are a result of stomach cancers. Therefore, the adoption of endoscopy
ultrasound procedures has become important. Owing to the current COVID-19
pandemic, healthcare workers are delaying elective endoscopic ultrasound
procedures to reduce transmission from infected patients to healthcare workers.
This is anticipated to moderately impact the market in the near term
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On the back of these trends, the global
endoscopy ultrasound market is poised to experience a positive
growth path, expanding 1.5x during the forecast period (2020-2026). The
affordability of endoscopy ultrasound procedures in terms of money as compared
to procedures such as Endoscopic Retrograde Cholangiopancreatography (ERCP)
shall also augment market growth.
Key Takeaways of
Global Endoscopy Ultrasound Market Study:
·
By product type, the endoscopes segment is
anticipated to capture a considerable portion of the global endoscopy
ultrasound market. Projections indicate a market share greater than one-third.
Important innovations such as installation of transducers and cameras are
poised to uplift market prospects.
·
However, the needles segment is poised to expand
rapidly, growing 1.5x and capturing almost a quarter of the endoscopy
ultrasound market. Their low cost, single-use feature and application in
aspiration and biopsy procedures are key growth determinants for the segment.
·
By application, the oncology segment shall
capture the majority of the global endoscopy market, amounting to more than
3/4th. Increased applicability in detecting and treatment of gastrointestinal
cancers, introduction of new techniques such as elastography and
contrast-enhanced endoscopy ultrasound (CE-EUS) are important growth levers.
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Fact.MR states that
the global market of urology devices is further to reflect a CAGR of 6.4% over the
forecast period, 2017-2026.
Prevalence of various urological disorders has led to an
upsurge in adoption of the urology devices globally. In addition, growing
geriatric population is also projected to impact the global market growth of
urology devices positively. Fact.MR states that the global market of urology
devices is further to reflect a CAGR of 6.4% over the forecast period,
2017-2026.
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Factors Fuelling
Global Market Growth
Growth of the
global urology devices market is mainly bound to various macro-economic
and micro-economic factors. Prevalence of kidney diseases will continue to fuel
demand for various invasive and minimally treatment procedures. Unhygienic
habits developed due to fast-paced lifestyle has led to increasing prevalence
of various urological disorders among people of various age groups. Unmanaged
obesity, excessive smoking and chronic coughing and sneezing has led to growing
prevalence of diseases such as stress incontinence globally.
Moreover, surge in instances of childbirth and prostate
surgery is further expected to contribute towards the global market growth of
urology devices significantly. As childbirth surgery weakens the sphincter in
women, they are more prone to urological diseases such as stress incontinence.
In men, growing prevalence of prostate cancer requires a prostate gland, which
could weaken the sphincter. Prevalence of diseases such as stress incontinence
is further to rev up adoption of the urology devices in the healthcare
industry.
Growing incidence of kidney stone due to lack of water
intake among old age people will also continue to fuel adoption of various
urological diseases. Untreated kidney stone diseases can result in other
healthcare issues such as vomiting, persistent need to urinate, fever owing to
infections in urinary tract. As demand for minimally treatment remains high,
the healthcare professionals are significantly adopting shock wave lithotripsy
devices for accurate treatment of kidney stones. Bound to these factors, the
global market of urology devices is projected to witness significant growth
through 2026.
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ENT Surgical Devices Market Forecast, Trend Analysis &
Competition Tracking - Global Market Insights 2018 to 2028
ENT surgical devices market is expected to surpass US$ 2,500
million in 2019, according to a new study by Fact.MR. The ENT surgical devices
market witnessed a steady progress and grew at 6.6% y-o-y in 2018. Overall
growth of the ENT surgical devices market can be attributed to,
·
Technological advancements enhancing ENT
procedure efficiency and outcome
·
Reimbursement policies in favor of ENT surgeries
·
Product developments accommodating demand trend
such as minimal invasion
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The medical technology industry has shifted from a traditional marketing model to a care delivery model.
Following the new
business approach, Tier 1 and Tier 2 players portray hegemony in the market and
continue to introduce disruptive technology innovations in ENT surgical
devices.
The ENT surgical devices marketplace has the presence of a
broad range of surgical instruments and equipment. According to Fact.MR
valuation, ENT surgical lasers account for a leading share in the global
market.
Greater reliability of the laser treatment in ENT or
otorhinolaryngology has been embraced by medical professionals as well as
patients. Ranging from the treatment of snoring or nasal obstruction to cancer
of ear, nose and throat, laser therapy have delivered definitive results and
the account of successful outcomes is rising consistently.
Fact.MR estimates that powered ENT surgical system will also register considerable demand in 2019. Powered ENT instruments are used in procedures such as removal of soft tissue, hard tissue and bone during surgery. On the other hand, the ENT visualization systems are growing at a faster pace and over 9% y-o-y growth is expected in 2019.
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Find More: https://www.prnob.com/release/show/ent-surgical-devices-market/44585
Pulse Oximeters
Market: North America and Europe collectively hold over 60% Market Share
Continuous technological advancements and introduction of
efficient pulse oximeters are the key driving factors for pulse oximeters
market growth. The global pulse oximeters market is estimated at US$ 1.2 Bn in
2019, and projected to witness moderate growth during the forecast period (2019
– 2029).
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In January 2017, Masimo launched two patient monitoring
products in India namely, Rad-97 Pulse-CO Oximeter and SedLine Brain Function
Monitoring. These products are expected to improve the patient monitoring
capabilities of clinicians. Moreover, government-driven price management and
reimbursement controls, particularly in China and Japan, are offering
significant opportunities for manufacturers to invest in these regions.
Increasing government initiatives to spread awareness related to various respiratory
diseases are boosting the sales
of pulse oximeter devices.
Key Takeaways of
Pulse Oximeter Market Study
·
A large number of companies manufacturing
handheld pulse oximeters significantly contributed to the market share in terms
of revenue in the pulse oximeters market.
·
North America and Europe collectively hold over
60% of the pulse oximeters market share owing to rapid new product launches in
these regions.
·
In terms of end user, hospitals are expected to
dominate the pulse oximeters market during the forecast period.
·
The pulse oximeter market is highly fragmented.
Some of the prominent manufacturers include Masimo Corp, Medtronic plc.,
Koninklijke Philips NV, GE Healthcare, Rossmax International Ltd. and few
others.
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“Technological advancements leading to the introduction of
new and advanced products and emergence of number of players in the market have
intensified pulse oximeter sales,” says a Fact.MR analyst.
Awareness Drives for Treatment of COPD and Asthma Remains
USP
Several awareness programs have been introduced and promoted
by various health organizations or healthcare societies such as online
education programs for healthcare professionals, medication maintenance
programs and environmental programs, across the globe to control respiratory
disorders such as asthma, COPD and other respiratory disease. The introduction
and promotion of various awareness programs are expected to increase the growth
of pulse oximeters market. These government programs encourage people to adopt
early medication, which is expected to increase the revenue generation for the
global pulse oximeters market in the forecast years.
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20852
United States
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The global 3D
printing medical devices market is expected to exceed US$ 1,700 Mn in revenues
by 2022-end, according to a recent research by Fact.MR.
The global 3D printing medical devices market is expected to
exceed US$ 1,700 Mn in revenues by 2022-end, according to a recent research by
Fact.MR. The global 3D printing medical devices market is poised to exhibit a
high double-digit CAGR during 2017 to 2022. Introduction of 3D-printed tablets
has paved new opportunities for 3D-printing technology, increasing its
application across the pharmaceutical industry.
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Numerous collaborations have been witnessed worldwide,
between academic institutions and major players in the market, who are
investing heavily in R&D activities. 3D-printing technology has been
revolutionizing the preclinical drug testing, making the testing on 3D-printed
organs convenient, thereby resulting into the provision of a substitute for
animal testing. This technology is also making it easy for surgeons to improve
the complicated procedures’ success rate. The aforementioned factors are
expected to augment demand
for 3D printing medical devices in the years to come.
Potential of 3D-printing in transforming medical devices’
use to treat various diseases is impacting the healthcare sector, enabling
construction of non-implantable and implantable medical devices, and
cost-effective customizable medical devices. Rise in demand for medical devices
that match a patient’s anatomy in orthopedic, and maxillofacial surgery is
favoring expansion of medical 3D-printing industry. Facilitating surgeons in
planning surgeries, 3D printing medical devices help in lowering operative
risks encountered during complex procedures, reduce duration of anesthesia
exposure, decrease risk of infection, enable patients in recovering faster, and
dramatically reduce time of hospital stay. These factors might further impact
the market growth over the forecast period.
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20852
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Phone: +1 (628) 251-1583
Find More: https://www.prnob.com/release/show/top-6-key-strategic/44583