Industry Analysis Reports | Health Care | Medical Devices

Tuesday, 6 October 2020

Analysis on Home Medical Equipment Market Size & Share

Home medical equipment refers to devices which can provide assistance to patients within the comfort of their homes. It reduces the duration spent at the hospital and the healthcare costs of an individual. The global home medical equipment market report by Market Research Future (MRFR) takes into consideration the various drivers, challenges, and trends and its estimated growth and return rates for the period of 2019 to 2025 (forecast period). The outbreak of the COVID-19 pandemic and its impact on the industry is been discussed at length in the report.

Market Scope

The global home medical equipment market is expected to cross USD 36,189.9 million by 2025 It can reach this benchmark at a CAGR of 5.9% over the forecast period. Technological advances in home medical equipment and awareness among the populace are major factors driving market demand. The transition from conventional healthcare models to home healthcare can bode favorably for the market. Lack of hospital beds due to the outbreak of the COVID-19 pandemic has led to procurement of hospital equipment for home healthcare and will be beneficial to hospital equipment manufacturers.

Introduction of insurance policies covering home medical equipment rental costs is expected to be lucrative for market players. Prevalence of chronic diseases and rise in healthcare costs can drive people’s preference towards home healthcare.

But concerns pertaining to patient safety can hamper the market growth.

Segmentation

The global home medical equipment market has been segmented by functionality and end user.

Based on functionality, the market has been segmented into mobility assist & patient support equipment, patient monitoring equipment, and therapeutic equipment.

On the basis of end user, the market has been segmented into home care settings, emergency clinics, hospitals, and others. Hospitals are estimated to be the biggest end user of the global home medical equipment market due to increased budget for healthcare in these units, establishment of hospitals, and government initiatives for encouraging home healthcare for reducing burden on nations.

Regional Analysis

Based on the regions, the global home medical equipment market is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas is the largest regional market driven by technological advancements, increasing prevalence of chronic diseases such as diabetes, cancer, etc., and preference of home care is projected to boost the market growth in this region. Moreover, presence of mobile applications for consulting with physicians from the comfort of the homes of patients can bode well for the global home medical equipment market.

Europe is expected to register a massive share of the global market due to the increasing public awareness of home medical equipment. Rise in the prevalence of chronic disorders, a sizeable patient pool, and disposable income levels are factors expected to drive the regional demand.

APAC is the fastest-growing regional market due to a surge in the number of the elderly. Susceptibility of the elderly and the lack of beds in private and public hospitals combined with the burden on the healthcare sector can drive market demand. An increasing need for affordable healthcare delivery systems is also expected to boost the adoption of home medical equipment. The growth potential in emerging economies of China, India, Malaysia, Indonesia, and Australia are expected to provide numerous opportunities for market expansion during the forecast period.

On the other hand, the MEA held the smallest market share owing to limited healthcare infrastructure and lack of awareness about home medical equipment.

Competition

GE Healthcare, Invacare Corporation, Medline Industries Incorporated, Arkray Incorporated, Philips Healthcare, Abbott, Hoffmann-La Roche Ltd, Omron Corporation, Carefusion Corporation, Stryker, Resmed Corporation, and Smiths Group PLC are key players of the global home medical equipment market.

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Cell Harvesting Market: Increasingly connected Home healthcare applications

Market Scenario

The worldwide cell harvesting market is likely to develop substantially over the forecast period. The market is estimated to record a CAGR of 8.75% with an approximate market value of USD 209.5 million over the forecast period 2018 to 2023. The term cell harvesting is generally used with reference to stem cells. Stem cells are primitive cells that have the capacity to develop into different cell types. There are various types of stem cells that are segmented by their ability to differentiate and origin. Bone marrow transplantation is an instance of a stem cell therapy that has gained wide acceptance worldwide. Cell harvesting is done by separating the cell culture from the growing medium, involving methods such as microfiltration, depth filtration, and centrifugation.

You can Also Read @ https://www.medgadget.com/2020/02/cell-harvesting-systems-market-size-growth-trends-share-key-players-statistics-competitive-landscape-regional-analysis-with-global-industry-forecast-2020-2026.html

Factors such as increase in diseases, increase in chronic infections, rapid growth of the pharmaceutical and biotechnology sectors, and growing research in regenerative medicines are anticipated to boost the market growth. Additionally, the ease of use, cost-effectiveness, development of cell harvester devices, technological advancements, and durability of harvesters, drive the market positively. Key players are leading the market actively with new product launches. However, the complicated functioning of harvesters, collectively with ethical issues associated with embryonic stem cell research may restrict the market growth. Strict government regulations and mandatory licensing norms may also limit the market growth over the forecast period.

Market Segmentation

The worldwide cell harvesting market has been segmented into application, end user, and product type. Based on application, the market has been segmented into stem cell research, biopharmaceutical application, and others. Based on end user, the market has been segmented into research institutes, biotechnology companies, pharmaceutical companies, and others. Based on product type, the market has been segmented into automated cell harvesters and manual cell harvesters. The manual cell harvesters segment is likely to hold the highest share in the market. The automated cell harvesters segment is a rapidly growing segment due to surge in the application of automated technology in devices and increased awareness about the device.

Regional Analysis

The Americas are likely to dominate the worldwide cell harvesting market owing to an improved healthcare sector and surging healthcare expenditure. In May 2018, data published by the Committee for a Responsible Federal Budget reported that the US expended almost 18% of its Gross Domestic Product (GDP) on health expenditures which amounted to USD 3.5 trillion approximately. Additionally, several players in this region focus on developing new treatment options, making it a lucrative option for the development of market in this region. Europe is likely to hold the second largest position in the global cell harvesting market. Availability of funds for research plays an active role in driving the growth of the market in Europe. The data published by the National Institute of Health Funding (NIHR) in 2016 recorded that funding of EUR 928 million had been announced for new NIHR Clinical Research Facilities (CRF) and NIHR Biomedical Research Centers (BRC) for five years commencing from April 2017. Asia-Pacific is likely to be the fastest growing market owing to the developing economies such as India and China. Plus, the presence of a huge patient population in these regions also drives the cell harvesting market in this region. The Middle East and Africa is known to hold the least share of the market. However, the Middle Eastern market appears promising owing to the increasing government initiatives.

Key Players

The key players in the global cell harvesting market include names such as Avita Medical, ads-tec GmbH, Arthrex, Inc., Argos Technologies, Inc., connectorate, Bertin, hynoDent AG, Cox Scientific, Scinomix, Teleflex Incorporated, Terumo Corporation, and PerkinElmer Inc.

About Market Research Future:

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

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NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Trends On Cataract Surgery Devices Market

The global cataract surgery devices market is expected to exhibit a strong 5.5% CAGR over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR). The global cataract surgery devices market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the cataract surgery devices market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the cataract surgery devices market’s growth trajectory over the forecast period are provided in the report. The leading players in the global cataract surgery devices market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global cataract surgery devices market. The major drivers and restraints affecting the global cataract surgery devices market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

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Cataract surgery devices are used to correct cataracts. The growing prevalence of cataracts around the world is likely to be a major driver for the global cataract surgery devices market over the forecast period. Cataract surgeries are becoming increasingly common in developed as well as developing countries, as awareness about cataracts is increasing at a rapid rate. The increasing use of advanced technology in cataract surgery devices is also likely to be a major driver for the global cataract surgery devices market. Technological advancements in cataract surgery devices are mainly related to making cataract surgery devices more comfortable for patients, as the eyes are highly sensitive organs and react to even the slightest irritations. The increasing demand to enhance patient comfort during and after surgeries is likely to remain a major driver for the global cataract surgery devices market over the forecast period.

The growing geriatric population around the world is also likely to be a major driver for the global cataract surgery devices market over the forecast period. The elderly often face troubles regarding the eyes, as with age, the muscles and other parts around the eyes become weaker and may become prone to disease. The growing prevalence of diabetes is also likely to be a major driver for the global cataract surgery devices market over the forecast period, as diabetes often increases the risk of eye disorders such as cataracts.

Cataract Surgery Device Market Competitive Leaderboard:

Leading players in the global cataract surgery devices market include STAAR Surgical Company, NIDEK Co. Ltd., Bausch & Lomb Inc., Allergan Inc., Opcon Corporation, Essilor International SA, Carl Zeiss Meditech AG, Abbott Laboratories, and Alcon Inc.

Cataract Surgery Device Market Segmentation:

The global cataract surgery devices market is segmented on the basis of device type, end user, and region.

By device type, the global cataract surgery devices market is segmented into intraocular lens, ophthalmic viscoelastic devices, phacoemulsification equipment, and femtosecond laser equipment. The intraocular lens segment held 79% of the global cataract surgery devices market in 2015 and is likely to remain the leading segment over the forecast period due to the high efficacy of intraocular lenses in correcting cataracts.

By end user, the global cataract surgery devices market is segmented into ophthalmology centers, hospitals, clinics, and others. The ophthalmology centers and hospitals segments are likely to dominate the global cataract surgery devices market over the forecast period.

Cataract Surgery Device Market Regional Analysis:

North America accounts for a share of more than 45% in the global cataract surgery devices market and is likely to remain the major regional market for cataract surgery devices over the forecast period. The Asia Pacific market is expected to grow at the highest growth rate over the forecast period.

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About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Analysis on Swollen Knee Treatment Market: Share, Trends, Size and Forecast

Global Swollen Knee Treatment Market: By Type (Medications- Corticosteroids, Patient-controlled analgesia pumps, Surgery- Arthrocentesis, Arthroscopy, Knee replacement, and Others), by End-User (Hospitals, Clinics, and Others) – Global Forecast Till 2023

Market Highlights

A swollen knee arises when surplus fluid accumulates in or around your knee joint. It is also called as “water on the knee” and “knee effusion”. A swollen knee may be a consequence of overuse injuries, or trauma, and an underlying disease or condition. According to the American Academy of Orthopedic Surgeons, the total knee replacement surgeries is projected to grow by 3.5 million procedures per year by 2030. The swollen knee treatment market is anticipated to grow due to the rise in geriatric population, obesity, arthritis, and others. Serious complications such as blood clots, knee joint infections can be restraining factors for the growth of the market.

Segmentation

The global swollen knee treatment market has been segmented on the basis of type and end-users. On the basis of type, the market has been classified as medications, patient-controlled analgesia (PCA) pumps, nerve blocks, liposomal bupivacaine, and surgery. The medications have been segmented into opioids and corticosteroids and others. The surgery is segmented into arthrocentesis, arthroscopy and knee replacement. The knee replacement is further segmented into total knee replacement, unicompartmental knee replacement, and others. On the basis of end-users, the market has been classified as hospitals, clinics, ambulatory surgery centers, and others.

Key Players

Some of the key players in the global swollen knee treatment market share are Stryker Corporation, Zimmer Holdings, Smith & Nephew Plc., DePuy Companies Inc., Wright Medical Group Inc., Biomet Inc., Exactech, B. Braun Melsungen AG, Pfizer Pharmaceuticals Inc., Merck & Co., Fresenius Kabi, AngioDynamics , C.R.Bard ,Teleflex, and Smiths Medical

Regional Analysis

The Americas is projected to lead the swollen knee treatment market in the forecast period. Rising rate in a number of surgeries due to factors such as accidents, injuries, and others contribute majorly to the growth of the market. Increasing healthcare awareness, advancement in technology, medical tourism, and an increase in disposable income are some other factors that boost the growth of the market.

The European market is expected to hold the second largest market share as osteoarthritis is most common in Germany. The European market is projected to grow because of the increase in elderly population, growing prevalence of diabetes, and obesity in the region.

Asia-Pacific was projected to be the fastest growing region for the global swollen knee treatment market. The market is expected to witness growth owing to the rising patient population, changing lifestyle, and growing elderly population. This is expected to provide favorable backgrounds for the market to grow.

The Middle East and Africa accounts for the least share due to stringent government policies and low per capita income.

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About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
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Monday, 5 October 2020

Trending News: Medication Management Market 2020 | Global Updates | Demand and Growth

Medication management is an approach to understand the purpose of the medications and its timely administration in the correct manner. Adherence to a medication regimen is vital especially for geriatrics and patients with multiple chronic conditions. Failing to comply with a medication regimen is often cited as a paramount reason why patients are readmitted in the hospital following discharge.

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In such scenarios, medication management services have been proving to be effective providing medication reconciliation, medication therapy management, patient/family education on medications and medication set-up simulations for the patient. Many home care providers have also started to make in-home medication management a core component of their operations.

For many aging populaces, relinquishing medication management services to a third party is one of the easier options. And it’s becoming a market differentiator among seniors looking for reliable, competent and service-minded companies to manage one of their most critical medical issues.

Also, for the patients suffering from chronic illnesses who usually have to administer and monitor 10-12 medications per day, resorting to smart medication management systems which promote their wellbeing becomes useful.

As a result, the uptake of medication management is growing which, in turn, is increasing the size of the global medication management market. Moreover, the recent trend of prescription medicine is escalating the market on the global platform.

Considering the colossal growth, the market perceives currently; Market Research Future (MRFR), in its recently published study report asserts that the global medication management market will grow exponentially by 2023, registering approximately 13.4% CAGR throughout the forecast period (2018 – 2023).

Additional factors helping the market to boost further are the ever-increasing population, geriatric populaces, and increased occurrence of chronic diseases which are growing the need for the medication management solutions.

Advancements in IT technology and increasing uptake of healthcare IT for efficient management are expected to increase the size of the market. Furthermore, the rising government supports and the need for curtail healthcare costs without compromising the quality of care are some of the factors impacting the growth of the market, positively.

On the other hand, factors such as high software implementation and service maintenance costs are impeding the growth of the market. Nevertheless, the advantages that medication management offers allowing the consolidation of all expenses which consequently saves the further cost of patient care is expected to act as a major tailwind supporting the growth of the market.

for care management solutions. Moreover, the increasing healthcare expenditures are escalating the market on the global platform, increasing the need to curtail cost without compromising the quality of care.

Global Medication Management Market – Segmentation

For ease of understanding, the MRFR analysis has been segmented into five key dynamics: -

By Systems : Computerized Physician Order Entry Systems, Administration Software, Clinical Decision Support Systems, Inventory Management Systems, Automated Dispensing Systems, and Assurance Systems among others.

By Services : Point-of-Care Verification Services and Adverse Drug Effects (ADE) Surveillance Services among others.

By Mode of Delivery : Web-based Solutions, On-premise Solutions, and Cloud-based Solutions among others.

By End-user : Hospitals and Pharmacies among others.

By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.

Medication Management Market – Regional Analysis

The North American region, heading with the presence of numerous key players is estimated to retain its dominance over the global medication management market. This region accounts for the best of the medical facilities around the world, and so is the higher rate of patients which along with the robust economy and high healthcare expenditure drive the medication management market in the region.

Furthermore, the increasing number of polypharmacy, hospitals, and ambulatory centers alongside the well-developed technology drive the market growth in the region, meeting the higher demand of a vast patient population.

The medication management market in the European region accounts for the next-largest market share, globally. Factors allowing the market to substantiate include the increasing demand for management software & platforms, strong government support, and availability of funds among others. Western European region backed by the presence of well-developed economies such as the U.K., Germany, and France holds a significant share in the regional market. Indeed, the resurging economy is playing a vital role in the growth of the market, making the high cost of medication affordable and increasing per capita income in this region.

The Asia Pacific medication management market has emerged as a profitable market, globally. Factors such as the rapidly proliferating healthcare sector that is led by the improving economy, the increasing number of players, increasing government’s support and foreign investments, and vast technological advancements are impacting the regional market, positively. Additionally, the growing number of patients suffering from chronic diseases alongside the increasing per capita healthcare expenditure provide impetus to the growth of the market.

The Asia Pacific together accounts for over 41% of the global population, and most of the APAC countries are in the developing phase which leads to providing immense opportunities for the market players. Larger countries such as China and India backed by the densely populated area are considered as the biggest market for the Medication Management products in the region.

Global Medication Management Market – Competitive Analysis

The medication management market appears fiercely competitive with the presence of several large and small players. The key strategies traced from the analysis of recent market developments include agreement & partnership, product launch, acquisition, and expansion. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional players to compete with them.

Major Players:

Key players leading the global medication management market include Mckesson Corporation, Allscripts Healthcare 0Electric Company, Medical Information Technology, Inc., Optum Inc., Omnicell, Inc., QuadraMed Affinity Corporation, and Siemens Ltd among others.

Industry, Innovation & Related News

March 06, 2019 ---- BrightSpring Health Services (the US) a leading provider of comprehensive home and community-based health services announced its merge with the PharMerica (the US), a pharmacy powerhouse to position itself to lead the medication management, potentially.

BrightSpring hopes to effectively address medication needs while also providing caregiver services by providing its clients the right medications suiting their ailments in a timely and reliable manner and then helping to make sure they do so consistently.

The merging deal will give BrightSpring a footprint with difficult-to-top proximity to the patients and clients it serves including behavioral health and specialty populations, along with older adults. KKR an affiliate of Walgreens Boots Alliance Inc. and a global investment firm had recently acquired BrightSpring (formerly ResCare) as part of the deal.

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About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

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Pune - 411028

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Analysis On Spirometry Market Size, trends, Research Report and Forecast

Spirometry Market Overview:

The global spirometry market is expecting to touch a valuation of USD 1,106.46 million by 2023, according to Market Research Future (MRFR). The high prevalence of respiratory disorders is the major factor driving the market growth from 2018 to 2023 (forecast period). Rising cases of chronic obstructive pulmonary disorders (COPD), technological advances in respiratory care devices, and the expanding geriatric population are factors expected to spur market demand till 2023. As per a report by Asthma UK in 2016, nearly 1,410 people died from asthma.

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Government initiatives to curtail smoking habits, focus on breathing diseases, rising levels of air pollution, and adoption of spirometers at homes are factors likely to augur market growth. Awareness of reimbursement policies among the public and clinicians are projected to drive patients towards taking these tests. But high costs of spirometers can act as a deterrent against market growth.

Spirometry Market Segmentation:

The spirometry market forecast can be segmented by product, technology, application, and end-user.

By product, the market is segmented into table-top spirometry, hand-held spirometry, and desktop (PC) spirometry. The table-top spirometry segment accounted for 49.9% market share in 2017, followed by hand-held (31%), and desktop (19.1%). This can be attributed to adoption of spirometers in hospitals and clinics. But the desktop segment is touted to register the highest CAGR of 10.58% during the forecast period owing to its rapid diagnosis rate and increasing use of computer-based applications.

By technology, the market covers flow measurement spirometry, volume spirometry, and peak flow meters (PFM). The flow measurement spirometry segment accounted for 50.3% share in 2017. This can be attributed to its lightweight nature and compact size. Its functionality based on the familiar table-top spirometer technology and lack of frequent calibration make it popular among clinicians. But the PFM technology can register 10.58% CAGR over the forecast period to reach USD 149.76 million by 2023.

Major applications of the spirometry market include diagnostic and treatment monitoring. The diagnostic segment is further sub-segmented into asthma, interstitial pulmonary fibrosis, and COPD. The diagnostic segment accounted for 68.93% share of the market in 2017, spurred by the prevalence of breathing diseases such as asthma. But the treatment monitoring segment can exhibit the highest CAGR during the review period to reach a valuation of USD 353 million by 2023. Its valuation in 2018 was suggested to be USD 214.12 million.

Key market end-users include hospitals & clinics, research & academic institutes, diagnostic centers, and home care. The home care segment is projected to enjoy a 9.90% CAGR to reach a valuation of USD 71.14 million by 2023 from USD 44.38 million in 2018.

Spirometry Market Regional Analysis:

The spirometry market covers the latest trends and opportunities across Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas accounted for 39.74% share in the global market in 2017, followed by Europe and APAC. This can be attributed to economies such as the U.S. which are the earliest adopters of latest technologies coupled with the large patient pool suffering from respiratory disorders. The region is likely to enjoy a 10.25% CAGR over the forecast period.

The Europe spirometry market is expected to enjoy a CAGR similar to the Americas market over the forecast period to touch a valuation of USD 322.33 million by 2023. This can be credited to rising number of asthma cases and ballooned healthcare expenditure of nations such as Germany and France.

The MEA region can experience a respectable CAGR during the review period owing to improvements of healthcare infrastructure and enhanced healthcare budgets of Kuwait, Qatar, and Dubai.

The APAC region is expected to exhibit a 10.94% CAGR over the forecast period owing to high cases of chronic diseases, awareness of respiratory devices, and increased healthcare budgets of developed nations in the region. The growing geriatric populace in China and Japan can contribute to regional market revenue till 2023.

Spirometry Market Competitive Dashboard:

Key players in the spirometry market include Smiths Medical Inc. (U.S.), Vitalograph (U.K.), MGC Diagnostics Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Schiller AG (Switzerland), COSMED srl (Italy), Midmark Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Carefusion Corporation (U.S.), Nihon Kohden Corporation (Germany), and Koninklijke Philips N.V. (The Netherlands).

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About Market Research Future:

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Email: sales@marketresearchfuture.com

Updates 2020: Neurovascular Medical Devices Market- Report, Trends and Technology Demand

Neurovascular devices are devices used in the treatment of neurovascular diseases such as brain aneurysm, arteriovenous malformations, and others. The global neurovascular devices market report by Market Research Future (MRFR) contains useful insights and in-depth analysis of the pivotal market variables affecting the industry. It contains estimations for the period of 2018 to 2023 (forecast period) and the impact of the COVID-19 virus on the market.

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Market Scope

The global neurovascular Medical devices market is set to touch a value of USD 3,177.76 million by 2023. It is expected to register a CAGR of 8.8% over the forecast period. Development of products, approval by regulatory bodies, and demand for minimally invasive procedures are major factors driving market growth. The large healthcare expenditure of nations is an instance of the large potential for the market. The NHS, a government agency of the U.K. government, had spent close to USD 6.6 billion for the period of 2012-2013. The outbreak of the COVID-19 pandemic has led to efforts being put into the manufacture of ventilators and other equipment and putting a halt in production of neurovascular devices.

But high procedural costs and lack of skilled personnel can hamper the market growth.

Segmentation

The global neurovascular devices market is segmented on the basis of product, therapeutic application, and end-user.

On the basis of the product, the market is segmented into aneurysm coiling & embolization devices, cerebral balloon angioplasty and stenting systems, neurothrombectomy devices, and support device. The aneurysm coiling & embolization devices segment is sub-segmented into liquid embolic, embolic coils, and flow diversion devices. The embolic coils segment is further segmented into detachable coils, and pushable coils. Meanwhile, the neurothrombectomy devices segment is sub-segmented into retrieval systems and suction and aspiration devices. The support device segment is sub-segmented into microcatheters and microguidewires. Lastly, the cerebral balloon angioplasty and stenting systems segment is sub-segmented into carotid artery stents and embolic protection systems. The embolic protection systems segmented is further divided into balloon occlusion devices and distal filter devices.

On the basis of the therapeutic application, the market is divided into hemorrhagic stroke and ischemic strokes.

On the basis of the end-users, the market is segmented into hospitals & clinics, and ambulatory surgical units.

Regional Analysis

The Americas can dominate the global neurovascular devices market owing to increasing prevalence of neurovascular diseases like arteriovenous malformations (AVMs), brain aneurysm, and others. According to a study published in the Methodist DeBakey Cardiovascular Journal in 2014, about one million strokes occurred annually in the U.S. with 10% to 15% with the cause accounted to intracranial atherosclerotic disease. The inflated healthcare expenditure and presence of key players within the region can widen the scope of the market in the region.

Europe is the second-largest neurovascular devices market. This can be attributed to the presence of a well-developed healthcare sector and increasing prevalence of neurovascular diseases. According to the Neurological Alliance in 2014, neurological cases in England had reached 12.5 million. This is expected to fuel the demand for neurovascular devices.

APAC follows Europe and is touted to exhibit a robust CAGR over the forecast period. The large patient pool, medical tourism in India and China, and massive demand for minimally invasive surgeries are prime factors driving the regional market growth. On the other hand, the MEA has the least share of the global neurovascular devices market due to the presence of poor economy, especially in the Africa region.

Competition Outlook

L. Gore & Associates, Inc., Blockade Medical, LLC., MicroPort Scientific Corporation, Rapid Medical, Johnson & Johnson Services, Inc., Gynesonics, Medtronic, Secant Group, LLC, Medikit Co., Ltd., Penumbra, Inc., Sensome, Neuravi, Merit Medical Systems, Inc., Evasc, Delaware Corporation, TERUMO CORPORATION, Abbott, OxfordEndovascular, and Stryker are key players of the global neurovascular devices market.

About Market Research Future:

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

Industry Analysis Reports | Health Care | Medical Devices | Pharmaceutical

Labels

Tuesday, 6 October 2020

Analysis on Home Medical Equipment Market Size & Share

Cell Harvesting Market: Increasingly connected Home healthcare applications

Trends On Cataract Surgery Devices Market

Analysis on Swollen Knee Treatment Market: Share, Trends, Size and Forecast

Monday, 5 October 2020

Trending News: Medication Management Market 2020 | Global Updates | Demand and Growth

Analysis On Spirometry Market Size, trends, Research Report and Forecast

Updates 2020: Neurovascular Medical Devices Market- Report, Trends and Technology Demand

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