Portable screening tympanometer market is anticipated to grow at a CAGR of 6.1% during the forecast period (2024-2031). The market growth is attributed to the growing prevalence of portable screening tympanometers, owing to their portability, simplicity of use, and applicability for screening in a range of healthcare settings. On the other hand, tabletop models are favored in clinical settings where thorough examinations and diagnosis are necessary. Additionally, increasing hearing loss cases globally drives the growth of the market. According to the World Health Organization (WHO), in February 2024, by 2050, nearly 2.5 billion people are projected to have some degree of hearing loss, and at least 700 million require hearing rehabilitation.
Wireless cardiac monitoring systems market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). The increasing prevalence of cardiovascular diseases, advancements in technology, the adoption of remote patient monitoring, and a shift towards telemedicine are the major factors driving the global wireless cardiac monitoring systems. Additionally, government initiatives, the integration of wearable health technologies, and the expansion of home healthcare services have contributed to the rising demand for wireless monitoring systems for managing cardiac conditions remotely.
Fertility tourism market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The global fertility tourism market is expanding owing to several factors, including cost efficiency, advanced medical technology, favorable regulatory environments, cultural compatibility, and accessibility. Patients from around the world are choosing countries such as India, Thailand, and Spain for affordable fertility treatments, while others seek well-established clinics with advanced technologies. Shorter waiting times and increased accessibility to clinics and specialists are highly valued by patients seeking timely treatment, and considerations for privacy and confidentiality are also considered.
Optical imaging systems market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). Optical imaging systems have become increasingly popular with advancements in imaging techniques such as optical coherence tomography (OCT), photoacoustic imaging, and near-infrared spectroscopy. These systems play an essential role in diagnosing and monitoring eye and cardiovascular diseases, as well as facilitating early cancer detection in the oncology field. The increased funding for R&D of non-invasive diagnostic procedures is a key factor driving the global industry growth.
Body contouring devices market is anticipated to grow at a CAGR of 14.3% during the forecast period (2024-2031). The body contouring devices market is influenced by factors such as rising obesity rates, technological advancements, aesthetic procedures, minimally invasive treatments, aging population, cultural influences, and regulatory standards. Technological advancements and aesthetic procedures cater to this demand, while cultural attitudes and regulatory compliance ensure the safety and efficacy of these treatments.
Brain monitoring market is anticipated to grow at a CAGR of 7.8% during the forecast period (2024-2031). The brain monitoring market is experiencing significant growth, driven by factors such as the rising prevalence of neurological disorders, advancements in brain imaging technologies, and an aging population. Additionally, increasing awareness and screening programs, along with the preference for non-invasive diagnostic techniques, contribute to the market's expansion. The integration of AI and machine learning algorithms in brain monitoring systems improves diagnostic accuracy and enables real-time decision-making.
Portable ultrasound bladder scanner market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). A portable ultrasound bladder scanner is a medical device used for non-invasive and painless assessment of the urinary bladder's volume. A major factor supporting the market growth is the increasing prevalence of urinary tract disorders and urological conditions globally. As the aging population continues to grow and medical advancements enable better diagnosis and treatment, the demand for non-invasive and accurate diagnostic tools like portable ultrasound bladder scanners is rising.
Veterinary glucose monitoring devices market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2024-2031). Veterinary glucose monitoring devices are physical devices used to measure glucose levels in pets, such as continuous glucose monitors (CGMs) and point-of-care blood glucose meters, for managing diabetes. It is a software structures that provide a foundation for building applications, such as data analysis and trend tracking for managing pet diabetes data.
Fluorescence guided surgery system market is anticipated to grow at a CAGR of 15.7% during the forecast period (2024-2031). Fluorescence-guided surgery (FGS) is an optical imaging technique that uses invisible light to create a real-time image of the surgical area during a procedure. This helps surgeons identify and remove or preserve anatomical features like tumors, cancer cells, and nerves with greater precision and accuracy. FGS can also reduce the risk of damaging healthy tissue, which can shorten the operation and decrease the need for repeat surgeries.
Electric breast pumps market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). A rising number of working women, leading to a demand for tools that facilitate breastfeeding while balancing work and motherhood. Electric breast pumps are devices that use electricity to aid in mothers expressing breast milk. They are a popular option for mothers who need to pump milk regularly, such as working mothers or mothers with twins or multiples.
Bioimpedance device market is anticipated to grow at a CAGR of 9.6% during the forecast period (2024-2031). Bioimpedance devices are used instead of radiation to determine body composition, as they employ a safe electrical current. These are easier to operate, faster, more compact, and require no training some of them are even handheld. Numerous therapeutic domains, such as gastroenterology, chronic inflammation, postoperative surveillance, sports science, and many more, make extensive use of bioimpedance devices.
Anastomosis devices market is anticipated to grow at a CAGR of 5.2% during the forecast period (2024-2031). The demand for anastomosis devices is driven by the increasing prevalence of chronic diseases and technological advancements. Additionally, the increasing healthcare expenditure in developing countries and improved medical infrastructure contribute to market growth.
Orthopedic digit implants market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024-2031). Orthopedic digit implants are medical devices used to replace or repair damaged or missing bones in fingers and toes. These biocompatible implants, made from titanium or stainless steel, help patients regain functionality and alleviate pain from various orthopedic conditions. They are used to treat a variety of digit-related conditions, including osteoarthritis, rheumatoid arthritis, fractures, joint deformities, and congenital disabilities. The market offers various types of implants, including joint replacement, intramedullary, and fixation implants.
Tendon repair market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). Global tendon repair market include surgical procedures for damaged or torn tendons, as well as the entire industry related to tendon repair, including surgeons, products, and companies involved in developing and manufacturing these products.
Implantable collamer lens market is anticipated to grow at a significant CAGR of 13.4% during the forecast period (2024-2031). Implantable collamer lens (ICL) is a kind of posterior chamber phakic intraocular lens (pIOL). When corneal refractive surgery is not recommended or for severe degrees of refractive error, pIOLs are typically employed. Benefits over corneal refractive surgery include reversibility and a speedier recovery. Since they are positioned farther away from the cornea and are less visible from the outside, posterior chamber photoiolenses (pIOLs) offer a more aesthetically pleasing option than anterior chamber (AC) pIOLs. They also pose a lower risk of endothelial cell loss (ECL).
Coronary artery bypass graft market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031).Coronary artery bypass graft surgery (CABG) is done to treat a blockage or narrowing of 1 or more of the coronary arteries. It can restore the blood supply to heart muscle when nonsurgical procedures are not a choice.
Sterilization equipment market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period (2024-2031). Sterilization is an essential technique industry for controlling microbial populations that can hinder product quality. The market growth is stimulated by the rising use of sterilization equipment in the food & beverage industry, increasing R&D in pharmaceutical and biotechnology companies, the growing rate of health-conscious customers, and the development of healthcare infrastructure in developing countries.
Nasal splints market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031).Nasal splints are medical devices used to support and stabilize the nasal septum or nasal airway during healing after surgical procedures or to treat nasal conditions.
Wearable skin adhesives market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2024-2031).Wearable skin adhesives are specially formulated to stick wearables to the skin for intended applications. They can withstand exposure to moisture, sweat, UV light, and dynamic movement. These adhesives are also designed to be breathable, easy to apply, and durable.
Veterinary scales market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2024-2031). Veterinary scales are used to weigh animals and help in health monitoring by giving important information about the animal’s weight. Veterinarians rely on precise weight measures in addition to other critical data to diagnose, track, prevent, and treat a variety of animal illnesses and ailments. These scales are essential for preventing and controlling major infectious diseases.
Patient monitoring devices market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).The growth of the patient monitoring devices market is attributed to the increasing demand for wireless monitoring devices and miniaturization and portability globally. Surgical treatment carried out within hospital or clinical confines requires the use of patient monitoring devices.
RFID blood monitoring systems market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period (2024-2031). Radio-Frequency Identification (RFID) Blood Monitoring Systems is an electronic tool used in healthcare to track and manage blood products, ensuring their safe and effective use in hospitals, blood banks, and other healthcare facilities. Using electromagnetic fields for wireless communication, RFID technology is used to track and uniquely identify blood products.
Pipeline security system market is anticipated to grow at a significant CAGR of 9.1% during the forecast period (2024-2031). The pipeline security system detects all the potential threats and provides the security personnel with the exact location of the threat in a pipeline. The growing construction of pipelines and increasing investment in the safety of these pipelines to avoid security threats are the key factors driving the global market growth. The high cost of this system may restrain its market growth.
Automated plate handlers market is anticipated to grow at a moderate CAGR of 3.5% during the forecast period (2024-2031). An automated plate handler is a system that stores and handles plates and integrates with laboratory devices. The growing biotechnology sector owing to the rising burden of chronic disorders along with increasing investment in the R&D of advanced drugs is a key factor driving the growth of the global market. However, the high cost of these products may restrain its market growth.
Breastfeeding accessories market is anticipated to grow at a CAGR of 6.3% during the forecast period (2024-2031). Growing rates of employment for women globally and more government and industry awareness initiatives are projected to fuel growth in the breastfeeding accessories market.
Traumatic brain injury assessment & management devices market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). Traumatic brain injury (TBI) is a significant cause of mortality and disability globally, particularly in low- and middle-income countries. This condition requires costly care and management, putting a strain on healthcare systems.
Smart insulin pens market is anticipated to grow at a CAGR of 10.0% during the forecast period (2024-2031). Smart insulin pens calculate and track doses and provide helpful reminders, alerts, and reports which come in the form of an add-on to the current insulin pen or a reusable form, which uses prefilled cartridges instead of vials or disposable pens.
Smart implants market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). Smart implants refer to a sophisticated medical device that is surgically placed inside the body during medical procedures. It is equipped with advanced sensors, electronic components, and connectivity features. These implants are designed to monitor physiological parameters, deliver targeted therapies, and provide real-time data to healthcare professionals.
Dermatology imaging devices market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of optical coherence tomography (OCT), dermatoscopes, and digital photographic imaging devices is the key factor supporting the growth of the market globally. Dermatologists and surgeons can diagnose and treat skin diseases with the aid of dermatology devices. Numerous healthcare facilities, including hospitals, dermatology clinics, medical clinics, and university research centers, use these devices.
Clot management devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Clot management devices are essential for treating life-threatening conditions such as DVT and PE subsequently percutaneous coronary intervention, removing or dissolving clots from blood arteries, and restoring blood circulation.
Micro-CT market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). The market’s growth is attributed to the need for high-quality 3D imaging modalities like micro-CT is increasing owing to the expanding usage of 3D printing in healthcare, particularly in surgery planning, medical device production, and tissue engineering. According to the National Institute of Health (gov.), in September 2023, globally, 143 million additional surgical procedures are needed each year in low- and middle-income countries to save lives and prevent disability however, the application of AI in the production of organs models through 3D printing and highlights the challenges associated with achieving high-quality, high-throughput models.
Self-expanding stent market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031). The ongoing advancements in self-expanding stents, continuous R&D activities to find novel applications for these stents along the increasing prevalence of targeted diseases are some of the key factors driving the growth of the global market.
Hemodynamic monitoring devices market is anticipated to grow at a moderate CAGR of 3.2% during the forecast period (2024-2031). The increasing demand for hemodynamic monitoring devices to monitor the rising geriatric population which is highly susceptible to chronic diseases is a key factor driving the global market growth. The increasing prevalence of hypertension has led to a rising demand for rapid, accurate diagnostic solutions, that and cost-effective.
Contrast media market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. Contrast media (CM) are chemical substances used in medical imaging techniques to enhance the differences between body tissues in images. The global market is driven by the increasing incidences of chronic diseases, rising demand for image-guided procedures and diagnostics, and a large number of approvals for contrast agents.
Aesthetic threads market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). The global market is driven by the growing cosmetic surgical procedures and high demand for minimally invasive procedures. The growing geriatric population that highly opts for these procedures to look younger and aesthetically appealing is further aiding the market demand.
Mobile ECG devices market is anticipated to grow at a CAGR of 11.3% during the forecast period (2024-2031). The growth of this market is attributed to the increasing prevalence of arrhythmias and is expected to grow because of the aging population and the increase in risk factors for arrhythmias, the increasing cost of cardiac disease management, and the introduction of new and enhanced technological products.
Pickup truck market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031) owing to the increasing incorporation of lighter materials in pickup trucks, and rising affordability due to growing disposable income. Increasing spending on R&D by major companies enables product launches of new-generation pickup trucks with improved functionality, such as stronger torque, higher payload capacity, and increased fuel efficiency. Additionally, the superior off-road capabilities of pickup trucks have been boosting the market growth.
Platelet aggregation devices market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2024-2031). The market’s growth is attributed to growing acceptability and awareness, in addition to rising demand for platelet screening programs and technology improvements. According to the BCM, in September 2023,the latest advancements in the clinical application of p-EVs, HPLs, and allogeneic platelets in cell therapy, regenerative medicine, and targeted drug delivery systems are examined in depth in this analysis.
Hip replacement market is anticipated to grow at a moderate CAGR of 3.9% during the forecast period. The rising hip replacement procedures have created demand for the global market. According to the Agency for Healthcare Research and Quality, more than 450,000 total hip replacements are performed each year in the US. The rising prevalence of osteoporosis and, arthritis globally is further aiding the market demand.
Anesthesia devices market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The ongoing advancements in anesthesia delivery and monitoring technology along with the significant rise in the number of surgical procedures requiring anesthesia is a key factor driving the growth of the global market. The growing geriatric population which is highly susceptible to chronic diseases is further aiding the demand for the global market.
Cardiac arrhythmia monitoring devices market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The growing incidence and prevalence of atrial fibrillation (AF) globally has driven the demand for cardiac arrhythmia monitoring devices thereby driving the global market growth. In the US alone, 3 to 6 million people have AF, and the numbers are projected to reach nearly 6 to 16 million by 2050. In Europe, prevalent AF in 2010 was nearly 9 million among individuals older than 55 years and is expected to reach 14 million by 2060.
Trauma fixation devices market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). Significant factors contributing to the trauma fixation devices market include the rising of degenerative bone disorders, increasing investment in R&D of the trauma fixation devices, and increasing number of trauma and accident cases. According to the national statistics provided by the UK government, in 2022, 29,742 people were killed or seriously injured (KSI) casualties, 1,711 fatality cases were registered and 135,480 were casualties of all severities. As a result, the number of surgical procedures is increasing in the UK.
Orthopedic bracing devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024-2031). Significant factors attributed to market growth including the growing prevalence of chronic and acute conditions, such as arthritis and sports injuries. A study published by National Institutes of Health (NIH), titled “Epidemiology of Sports-Related Injuries and Associated Risk Factors in Adolescent Athletes: An Injury Surveillance”, In 2019, 40.5% of participants experienced an injury, with 39.0% of them occurring in previously injured areas. The average injury rate was 2.64 per 1000 hours, with soccer exhibiting the highest rate at 7.21.
Drug-eluting stent market is anticipated to grow at a CAGR of 7.6% during the forecast period (2024-2031). Some of the major factors attributed to the market growth include the rising geriatric population, increasing prevalence of cardiovascular diseases (peripheral and coronary artery diseases), favorable government initiatives and policies, and the introduction of new and enhanced technological products.
Exoskeleton market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). Significant factors contributing to the exoskeleton market include the growing incidence rate of spinal cord injuries, increasing investment in R&D of the exoskeleton, and cohesive government policies. As per the National Spinal Cord Injury Statistical Center (NSCISC) 2023, the most recent estimate of the annual incidence of traumatic spinal cord injury (tSCI) is approximately 54 cases per one million people in the US, which equals about 18,000 new tSCI cases each year.
Dental carries detector market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. The high incidence and prevalence of dental problems is a key factor driving the global market. The WHO Global Oral Health Status Report (2022) estimated that oral diseases affect close to 3.5 billion people worldwide, with 3 out of 4 people affected living in middle-income countries.
Bronchial biopsy devices market is anticipated to grow at a CAGR of 7.4% during the forecast period. Pivotal factors include prevalence of respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), rising geriatric population, and increasing demand for minimally invasive procedures driving the market growth. According to the Lung Cancer Research Foundation, in 2023, an estimated 238,340 people will be diagnosed with lung cancer in the US. Lung cancer affected 1 in 16 persons in their lifetime 1 in 16 males and 1 in 17 women.
Suture anchor devices market is anticipated to grow at a CAGR of 4.3% during the forecast period (2024-2031). Significant factors attributed to market growth includes increasing prevalence of orthopedic injuries, and growing use in procedures to address issues related to ligaments, and other musculoskeletal structures.
Dental syringes market is anticipated to grow at a CAGR of 5.3% during the forecast period (2023-2030). The market is driven by the surging demand for dental syringes among individuals suffering from periodontal disorders, the rising prevalence of oral health conditions and growing awareness among the population for oral health. According to the World Health Organization (WHO), the global incidence of lip and oral cavity cancers is estimated to be 377,713 new cases and 177,757 fatalities in 2020.
Thyroid ablation devices market is anticipated to grow at a considerable CAGR of 9.8% during the forecast period (2023-2030). The growth of this market is attributed to the increasing prevalence of thyroid cancer which has created demand for this device. In 2023, the American Cancer Society estimated thyroid cancer in the US, about 43,720 new cases of thyroid cancer (12,540 in men and 31,180 in women). About 2,120 deaths from thyroid cancer (970 in men and 1,150 in women).
Lower limb prosthetics market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030). Significant factors contributing to the limb lower prosthetics market include robust healthcare infrastructure, increasing investment in R&D of the limb lower prosthetics, and increasing number of trauma and accident cases. Road accidents lead to fractures of various bones, including those in the extremities such as the legs, knee, and foot.
Neurothrombectomy devices market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023-2030). The growth of this market is attributed to the increasing incidences of acute ischemic stroke globally, rising adoption of unhealthy lifestyles and increasing awareness of the disorder among the population is fueling market growth. According to the World Stroke Organization Fact Sheet 2022, Prevalence for all Ischemic stroke for all ages were 7,630,803. The crude rate per 100,000 per year was 94.5, and Age-adjusted rate per 100,000, per year was 98.6.
Steam autoclaves market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). Steam autoclaves are devices that use steam under pressure to sterilize a wide range of materials, including medical equipment, surgical instruments, food, and pharmaceuticals. They are a critical part of sterilization practices in many industries, and the steam autoclaves market is expected to grow significantly in the coming years.
Cartilage repair market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030). The market growth is driven by the increasing incidence of bone and joint disorders, such as osteoarthritis, as well as advancements in cartilage regeneration technology. The increasing prevalence of osteoarthritis is attributed to factors such as the expanding geriatric population and the rising impact of obesity and other related factors.
Fusion biopsy market is anticipated to grow at a CAGR of 8.4% during the forecast period (2023-2030). Fusion biopsy is a minimally invasive procedure that uses a combination of magnetic resonance imaging (MRI) and ultrasound technology to guide the biopsy of suspicious areas in the prostate gland. This procedure is used to diagnose prostate cancer, which is the most common cancer among men worldwide.
Video laryngoscope market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). Video laryngoscope is a medical device used to visualize the airway and facilitate endotracheal intubation. It consists of a camera and a blade that are inserted into the mouth or nose and advanced into the pharynx. The camera transmits images of the airway to a monitor, allowing the clinician to clearly see the glottis and other airway structures.
Gynecological devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand for improved diagnostics across the globe. Devices that have improved diagnostic capabilities are in high demand, as it contains an increased focus on early detection and preventive healthcare.
Veterinary CT Scanner market is anticipated to grow at a considerable CAGR of 7.4% during the forecast period (2023-2030).The market’s growth is attributed to the growing integration of advanced technology in scanning of acute diseases in animals across the globe. The continuous growth of imaging technology propels the industry forward, with innovative solutions such as the Somatom Pro attracting facilities to update it's imaging capabilities. Further, in November 2023, Siemens launched a new dual-source CT scanner, Somatom Pro.
Surgical robots market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2023-2030). Surgical robots, also known as robot-assisted surgery, are used to help surgeons perform complex procedures with more precision, flexibility, and control. The increase in the technological advancements is one of the key drivers of the market growth. Surgical robots can make more precise and controlled movements than human hands, which can lead to better outcomes for patients.
Surgical robot accessories market is anticipated to grow at a significant CAGR of 14.2% during the forecast period (2023-2030).The market growth is attributed to the increasing adoption of minimally invasive surgeries, growing aging population, rising prevalence of chronic diseases, and technical advancement in robotic accessories.
Skin biopsy market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030).The market’s growth is attributed to the demand for advanced skincare products. Consumer demand for high-quality skincare products, particularly those designed with prominent and scientifically validated components such as HA, peptides, and antioxidants, continues to rise. The launch of new products stimulates interest and investigation in the skincare sector.
Lower extremity devices market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2023-2030). The market’s growth is attributed to the rising demand for non-invasive treatments and surgeries. Patients and doctors are seeking for non-invasive or minimally invasive therapy solutions. VR-based therapy is consistent with this trend, and it has the potential to drive the adoption of lower extremity devices that provide non-invasive rehabilitation solutions.
Dental burs market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023-2030).The market is driven by the surge in demand for dental burs among individuals suffering from periodontal disorders, the rising prevalence of oral health conditions and growing awareness among the population for oral health. According to the WHO, the global incidence of cancers of the lip and oral cavity is estimated to be 377,713 new cases and 177,757 deaths in 2020.
Sterile tubing welder market is anticipated to grow at a CAGR of 5.6% during the forecast period (2023-2030). The primary factor supporting the demand for the global sterile tubing welder market globally includes the rising usage of single-use technologies and increasing demand for blood and blood products due to increasing cases of blood cancer, anemia, hemophilia, and more are anticipated to further boost the market growth.
Menopause market is anticipated to grow at a CAGR of 5.37% during the forecast period (2023-2030). The market’s growth is attributed to increasing healthcare expenditure. With an increasing focus on health and wellbeing, there is an increase in spending on menopausal management and relief products and services.
Joint reconstruction devices market is anticipated to grow at a CAGR of 4.3% during the forecast period (2023-2030). Significant factors attributed to market growth including growing aging population, increasing prevalence of osteoarthritis, minimally invasive techniques, and an increasing number of large joint reconstruction surgeries.
Hemodynamic monitoring market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030). The market’s growth is attributed to the increasing healthcare expenditure. Growing investments in healthcare infrastructure and technologies help to propel the hemodynamic monitoring industry forward.
Filter needles market is anticipated to grow at a CAGR of 7.4% during the forecast period (2023-2030). Pivotal factors such as the increasing geriatric population, increasing prevalence of diabetes, the increasing cases of accidents such as burns, road accidents and trauma incidences and surgical processes are some of the major factors driving the market.
Transcatheter pulmonary valve market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023-2030). Pivotal factors attributed to market growth including increasing prevalence of various cardiovascular diseases (CVDs) such as rheumatic heart disorders, hypertensive heart diseases, cerebrovascular diseases, and inflammatory heart diseases. The growing population with heart valve disorders and surging demand for pulmonary valve replacement are major factors supporting the market growth.
Rehabilitation equipment market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030) owing to the rise in the prevalence of chronic diseases such as rheumatoid arthritis, multiple sclerosis, Parkinson’s disease, and surge in the geriatric population suffering from osteoarthritis. Additionally, technological advancement such as designing smart accessible gadgets create opportunities for the rehabilitation equipment market.
Neurovascular embolization devices market is anticipated to grow at a CAGR of 6.3% during the forecast period (2023-2030). The market growth is attributed to the increasing prevalence of cerebral aneurysms, and severe risks associated with intracranial aneurysms, such as permanent loss of cognitive functions and neurological disorders. Brain aneurysm is equally prevalent in individuals of all age groups, however individuals 35 years and above are at high risk.
External pacemakers market is anticipated to grow at a CAGR of 3.6% during the forecast period (2023-2030). The market growth is attributed to the rising geriatric population, the increasing prevalence of cardiovascular disease (CVDs), the increasing cost of cardiac disease management, favorable government initiatives and policies, and the introduction of new and enhanced technological products.
Disposable syringes market is anticipated to grow at a CAGR of 7.8 % during the forecast period. The growth of the market is attributed to the growing prevalence of chronic disorders, expansion of healthcare industry, increasing adoption of safety syringes and along with the growing number of surgeries across the globe.
Respiratory filters market is anticipated to grow at a CAGR of 5.5% during the forecast period (2023-2030). Respiratory filters are devices that remove harmful particles and gases from the air. They are used in a variety of settings, including workplaces, homes, and hospitals. The demand for air purification is rising with increasing health awareness and growing awareness of workplace safety.
Neurorehabilitation devices market is anticipated to grow at a CAGR of 13.9% during the forecast period (2023-2030). The market is driven by rising geriatric population, increasing prevalence of neurological disorders, and technological developments in neurorehabilitation devices. Multiple sclerosis, Parkinson’s disease (PD), stroke, and other disorders are among the many diseases that fall under the broad category of neurological disorders.
Ketamine treatment market is anticipated to grow at a CAGR of 43.74% during the forecast period (2023-2030). The market’s growth is attributed to prevalence of treatment-resistant depression. A considerable number of individuals with MDD do not respond to standard therapies, resulting in a patient group known as TRD. This population has a significant unmet medical need. Ketamine's ability to bring relief to TRD sufferers has resulted in its increased use as a treatment option, sustaining market growth.
Cranial perforators market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). The demand for cranial surgeries is steadily increasing owing to the rising prevalence of neurological disorders, including brain tumors, traumatic brain injuries, and intracerebral hemorrhages, which is projected to upsurge the demand for cranial perforators.
Insulin patch pump market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as the rising prevalence of diabetes, and increasing healthcare expenditure. According to the International Diabetes Federation, in 2021, 537 million adults (20-79 years) are living with diabetes - 1 in 10 around the globe. This number is predicted to rise to 643 million by 2030 and 783 million by 2045.
Cell Line Development market is anticipated to grow at a CAGR of 9.6% during the forecast period (2023-2030). Cell line development is a critical process in biotechnology and pharmaceutical research, aimed at creating stable and high-yielding cell lines to produce therapeutic proteins, antibodies, vaccines, and other biopharmaceuticals.
Microelectronic medical implants market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). The market’s growth is attributed to increasing prevalence of neurological disorders across the globe. The results show that one major factor is the rising incidence of neurological disorders. The need for efficient treatments such as neurostimulators rises in addition to the burden of the aforementioned diseases.
ECG patch and holter monitor market is anticipated to grow at a CAGR of 19.4% during the forecast period (2023-2030). ECG patches are small, wearable devices that record the electrical activity of the heart. They are typically placed on the chest and adhere to the skin using medical-grade adhesive. Whereas, holter monitor is a portable device that records the electrical activity of the heart continuously for 24 to 48 hours. It is used to diagnose or monitor heart rhythm problems, such as arrhythmias and others.
Radiology information system market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. The ongoing technological advancements in radiology information systems is a key factor driving the growth of the market. The rising prevalence of chronic disorders coupled with the rising healthcare expenditure are some other factors which are driving the market globally.
Intravascular stents market is anticipated to grow at a CAGR of 9.4% during the forecast period (2023-2030). Pivotal factors including the increasing prevalence of peripheral vascular diseases (PVDs) and coronary artery diseases (CAD). According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year.
Phototherapy equipment market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030) owing to increase in the prevalence of skin diseases, rise in incidence of neonatal jaundice, continuous technological advancements in the area of phototherapy, and adoption of LED-based phototherapy equipment. Phototherapy equipment is used for the treatment of various skin-related diseases such as mycosis fungoides, psoriasis, morphea, vitiligo, and others.
Pharmacy automation devices market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Pharmacy automation devices are used for improved accuracy, better inventory, enhanced workflow, better patient experience, and reduced labor costs. The growing adoption of automation, intelligence, and technology-enabled services is the key factor supporting the growth of the market globally.
Needle holders market is anticipated to grow at a CAGR of 11.8% during the forecast period (2023-2030). Pivotal factors such as the rising prevalence of surgical procedures globally, advancements in minimally invasive techniques requiring precise instrument control, the growing geriatric population leading to higher demand for surgical interventions, and the continuous development of innovative needle holder designs that boost surgical efficiency.
Single-cell omics market is anticipated to grow at a CAGR of 18.2% during the forecast period (2023-2030). The increasing adoption of the Tapestri Platform for translational research and clinical development by many cancer centers and global pharma companies demonstrates the necessity of single-cell multi-omics. Single-cell omics provides mobility solutions as they are easily accessible via most electronic devices.
Heart pump device market is anticipated to grow at a CAGR of 21.4% during the forecast period (2023-2030). Pivotal factors including the increasing number of individuals suffering from cardiovascular diseases (CVD), rising incidences of heart failure are driving the market growth. According to the World Health Organization, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year.
Artificial retina market is anticipated to grow at a CAGR of 8.1% during the forecast period (2023-2030). The growth of the artificial retina market can be attributed to the increasing prevalence of retinal diseases such as age-related macular degeneration and retinitis pigmentosa, along with the growing demand for advanced ophthalmic treatments.
Oral irrigator market is anticipated to grow at a CAGR of 6.0% during the forecast period (2023-2030). The market is driven by the surge in demand for oral irrigator devices among individuals suffering from periodontal disorders, particularly in emerging economies, and the advent of innovative products, such as faucet-powered water flossers and other advanced devices, accelerating the market growth.
Dental lasers market is anticipated to grow at a CAGR of 5.4% during the forecast period (2023-2030) owing to the increasing prevalence of dental disorders and rising awareness regarding oral hygiene across the globe. Age increases a person's susceptibility to several dental illnesses and ailments, including tooth decay, gum disease, and oral cancer. This is brought on by several elements, including a reduction in salivation, modifications to the shape of the teeth and gums, and the side effects of long-term medication use.
Radiofrequency skin rejuvenation devices market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). The market is driven by an increasing focus on physical appearance amongst consumers, the rising non-invasive procedures, and the growing geriatric population. According to the International Society of Aesthetic Plastic Surgery, total non-surgical procedures increased by 7.2% compared to 2021. Of which total facial rejuvenation procedures increased by 10.0%.
Intensity modulated radiotherapy market is anticipated to grow at a CAGR of 8.7% during the forecast period (2023-2030). Intensity modulated radiation therapy uses advanced computer programs to calculate and deliver radiation directly to the cancer cells from different angles. Treatment modalities comprise radiation therapy, surgery, chemotherapy, immunotherapy, and hormonal therapy. Radiation therapy remains an important component of cancer treatment with approximately 50.0% of all cancer patients receiving radiation therapy during their course of illness.
Vascular access devices market is anticipated to grow at a CAGR of 6.11% during the forecast period (2023-2030). The market’s growth is attributed to increasing healthcare expenses across the globe. The demand for innovative medical devices, such as vascular access devices, has been driven by increased healthcare spending in both developed and developing nations. Accordingly market players are coming up with new products to cater the demand for peripheral vascular access system.
Non-invasive fat reduction market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). Pivotal factors driving the market growth including the rising prevalence of obesity, growing awareness of health risks, growing demand for minimally invasive procedures and, rising adoption of non-invasive fat reduction procedures. According to the International Society of Aesthetic Plastic Surgery, in 2022, total non-surgical fat reduction procedures performed was 778,716 which was increased from 730,980 in 2021.
Automatic Immunoassay Analyzer market is anticipated to grow at a CAGR of 14.8% during the forecast period (2023-2030). Automatic Immunoassay analyzers are the type of medical devices that are used for the immunoassay test which helps in the detection of protein analyze present in a specific blood sample. Their usage is growing owing to their benefits in publishing tests and the accurateness of their operations.
Medical cart market is anticipated to grow at a significant CAGR of 16.5% during the forecast period. The rising prevalence of Musculoskeletal Injury (MSI) and the growing implementation of Electronic Medical Records (EMR) in hospitals are the major promoters of the global medical cart market growth. According to the World Health Organization (WHO), approximately 1.71 billion people have musculoskeletal conditions across the globe.
X-ray detector software market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2023-2030).The market’s growth is attributed to improved x-ray imaging speed. A maximum of 150 frames per second can be captured using the XRD 3131N. For real-time or virtually real-time inspection, the ability is essential for maintaining the effectiveness and streamlining of production operations. Accordingly market players are coming up with new products to cater the demand for digital x-ray detector.
Microplate systems market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2023-2030). The market growth is attributed to increasing demand for high-throughput screening. Microplate readers are essential devices that allow for rapid and accurate testing, and are therefore used in the discovery and production of drugs. Accordingly, market players are coming up with new products to cater the demand for mini multi-mode microplate reader.
Spectroscopy equipment and accessories market is anticipated to grow at a moderate CAGR of 3.7% during the forecast period (2023-2030). The spectrometry is one of the primary technologies employed in many analytical applications, including drug development processes, proteomics, metabolomics, forensic analysis, and pharmaceutical analysis.. The growing adoption of this technique across various stages of drug discovery processes has increased in recent years.
Scanning probe microscopes market is anticipated to grow at a considerable CAGR of 7.2 % during the forecast period (2023-2030). Scanning probe microscopy is used to create images of nanoscale surfaces and structures or manipulate atoms to move them in specific patterns. It involves a physical probe that scans over the surface of a specimen gathering data. The growing adoption of scanning probe microscopes coupled with the advancement in technology is the key factor supporting the growth of the market globally.
Robotic dentistry market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period (2023-2030). The robotics use in endodontic treatment, and the development of micro-endodontic robots can overcome the limitations of traditional treatment, such as insufficient mouth opening, and can provide patients with more safe, accurate, and reliable root canal treatment. The rising prevalence of dental problems has driven the demand for robotic dentistry market.
Photoacoustic imaging market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2023-2030). Photoacoustic imaging offers greater penetration than pure optical imaging and better resolution than pure ultrasonic imaging. The growing adoption of advancing diagnostic imaging for biological tissues is the key factor supporting the growth of the market globally.
Home healthcare market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2023-2030). Skilled nursing is emerging as the dominant service in the home healthcare market. This specialized form of care is provided by trained and licensed nurses who offer comprehensive medical support to patients in the comfort of their homes. Following the expansion of telehealth during the COVID-19 pandemic, healthcare stakeholders have examined ways to use virtual care to assist patients without the need for travel.
The global image-guided radiation therapy market is anticipated to grow at a CAGR of 6.1% during the forecast period (2023-2030). Image guided radiotherapy is a type of conformal radiotherapy which involves the use of different scans and X-rays which can treat the infected area of cancer. Conformal radiotherapy shape the radiotherapy beams around the area of the cancerous tissue. In this therapy the use of X-rays and scans similar to CT scans before and during the radiotherapy treatment. It improves the precision and accuracy of treatment delivery.
Laser treatment market is anticipated to grow at a CAGR of 11.2% during the forecast period (2023-2030). The shifting trend toward maintaining optimal aesthetic beauty is one of the major drivers of the market. Moreover, increasing awareness regarding the safety offered by aesthetic lasers is fueling market growth. Growing technological advancements in aesthetic laser treatment are fueling the growth of the market.
Heart blocks treatment devices market is anticipated to grow at a CAGR of 5.7% during the forecast period (2023-2030). The most frequently utilized medical device used to treat heart blockages is a pacemaker. A pacemaker is a small, battery-operated device implanted beneath the chest skin. The primary driver of the market's expansion globally is the increasing use of heart block treatment devices, that is being supported by improving innovative technologies and an increase in heart blockage prevalence.
FECG monitors market is projected to grow at a significant CAGR of 7.0% during the forecast period. The primary factor supporting the market expansion includes the rising awareness about fetal monitoring and its benefits along with excessive spending in healthcare infrastructure around the globe. Electronic fetal monitoring continuously monitors a baby’s heartbeat, often used during labor to ensure that babies do not lack of oxygen during labor, as it results in brain damage.
Laser acupuncture pen market is anticipated to grow at a CAGR of 7.1% during the forecast period (2023-2030). Laser acupuncture has become increasingly attractive in clinical practice, especially for patients with needle phobias well as elderly people and children. However, literature concerning the safety of laser acupuncture has been limited. This systematic review synthesizes the current available literature on the safety of laser acupuncture. Laser acupuncture pens focus low-energy laser beams onto the affected area.
Beauty equipment market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). Beauty equipment is employed to enhance skin aesthetics and personal well-being. Increasing global utilization for cosmetic and health purposes, including managing acne and psoriasis, drives market growth. The allure of cosmetic treatments grows due to factors like sunburns, diminished skin elasticity, and wrinkle concerns.
Veterinary monitoring equipment market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. The increasing prevalence of animal disorders along with growing focus on animal health is a key factor driving the market growth. As per Pet Food Manufacturer Association, there were more than 54 million pets in the UK in 2022. About 44.0% household had at least 1 pet. There are approximately 12 million dogs as pets in the UK, with 31.0% of households owning a dog.
Otoscope market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The rising prevalence of the ear, nose, and throat (ENT) disorders and technological advancements in otoscopes are key promoters of the otoscope market's growth. Otoscopy is the primary method for diagnosing these diseases. As per the study published in February 2021 in the BMC journal, the prevalence of hearing loss increases with age, and its estimated prevalence was 40%-50% in people aged 75 years and above from April 2020 to July 2022.
Interventional cardiology devices market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. Interventional cardiology devices are used in various procedures to diagnose and treat heart conditions. According to WHO, cardiovascular diseases (CVDs) are the leading cause of casualties globally, taking an estimated 17.9 million lives each year. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions.
Orthopedic power tools market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as the increasing prevalence of orthopedic conditions, a rise in the number of orthopedic surgeries, advancements in technology, and the growing geriatric population. Further, factors such as the demand for minimally invasive procedures, the adoption of robotic-assisted surgeries, and the availability of specialized power tools for different orthopedic applications are expected to fuel the demand for orthopedic power tools.
Noise vibration analyzer market is anticipated to grow at a CAGR of 6.7% during the forecast period. Expansion of industrial sectors such as manufacturing, construction, automotive, among others is creating significant demand for the noise vibration analysers. These analyzers are critical instruments for monitoring and managing the levels of noise and vibration in machinery, equipment, and manufacturing processes.
Fluorescent slice scanner market is anticipated to grow at a CAGR of 6.2% during the forecast period. The fluorescent slice scanner market has grown significantly owing to technological advancement in imaging technologies, increased R&D programs in the life sciences sector, and rising need for accurate and high-resolution imaging. The necessity for precise and detailed analysis of tissue samples, as well as the rising prevalence of chronic illnesses and the growing emphasis on personalised therapy are other factors boosting the market growth.
Automatic brain stereotaxic device market is anticipated to grow at a CAGR of 5.9% during the forecast period. Advances in neuroscience research, a rising number of neurological illnesses, and the growing acceptance of minimally invasive surgical procedures are driving the need for brain stereotaxic devices. Furthermore, technical advances in imaging modalities and the creation of more precise and accurate stereotaxic systems have aided in the expansion of this industry.
Animal vital sign monitor market is anticipated to grow at a CAGR of 7.2% during the forecast period. The animal vital sign monitor market is growing significantly owing to the technological advancement, rising adoption of pet and companion animals, and the rising demand for improved monitoring equipment to maintain animal health and safety. Factors such as the rising frequency of chronic diseases in animals, and the necessity for early identification and control of health concerns are other factors that boost the market's growth.
Animal surgical instrument kit market is anticipated to grow at a CAGR of 6.2% during the forecast period. With the increasing complexity of veterinary operations and the rise of specialised veterinary specialties such as orthopaedics, ophthalmology, and neurology, there is a greater need for specialised surgical instrument kits customised to these specific disciplines.
Multifocal glasses for children market is anticipated to grow at a CAGR of 38.8% during the forecast period. The growth of the market is attributed to the factors such as increasing prevalence of eye diseases such as vision impairment, blindness, myopia, and presbyopia. The prevalence of myopia in children and adolescents is rapidly increasing in many parts of the world, due to lifestyle changes for children.
Dental impression system market is anticipated to grow at a CAGR of 7.5% during the forecast period. Increasing demand for cosmetic dentistry is a key factor driving the growth of the global dental impression system market. Further, increasing medical and dental tourism in emerging economies such as India, Thailand and Malaysia are also estimated to contribute significantly towards the growth of the market. The consumption of harmful substances such as tobacco or alcohol, an unhealthy diet, and a high intake of sugar is the leading cause of periodontal problems due to which demand for an effective dental care system arises in the market.
Drug testing market is anticipated to grow at a CAGR of 16.1% during the forecast period. The increasing prevalence of drug addiction and illicit drug consumption is expected to drive the growth of the drug testing market during the forecast period. Additionally, the key players are continuously contributing to the growth of the market by adopting various strategies including new devices and drug launches, along with various strategic initiatives to stay competitive in the market.
Peripheral IV catheters market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The high incidence of needlestick injuries is persuading healthcare professionals to use drug delivery devices that reduce such a risk and increases patient comfort. Thus, the rise in needlestick injuries is promoting the use of safer devices, thereby surging the growth of the peripheral IV catheter market.
Assistive technologies for visual impairment market is anticipated to grow at a CAGR of 13.2% during the forecast period. Assistive technology can assist those people who are with vision impairment. Low and high-tech aids can significantly improve communication and daily living functionality for those who are visually impaired. Reading assistance technologies for visual impairment provides a text-to-speech output that is driving the market growth over the forecast period.
Urethral dilators market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. Owing to the high prevalence of chronic kidney diseases across the globe is growing the demand for urethral dilators during the forecast period. Urethral dilators are used in treatment of urethral strictures condition in which the urethra becomes narrow, which creates problem for passing of urine from body.
Medical injection molding market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The prominent factors that are contributing to the growth of the market include the increased demand for mass production of identical medical components. Owing to the increasing cases of the COVID-19 pandemic there were increased numbers of hospital visits and hospitalizations.
Mobile gamma cameras market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The increasing prevalence of chronic diseases, as these cameras can assist radiologists to conduct scintigraphy scans that offer detailed diagnoses about the functioning of all body parts. Thus owing to these factors the demand for mobile gamma cameras is increasing and the market is registering positive growth further.
Urometer market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The increasing prevalence of urological disorders, such as urinary retention, benign prostatic, cystitis, hyperplasia, kidney diseases, and others is boosting the demand for urometer across the globe. According to the National Kidney Foundation report, around 10% of the population across the globe is affected by chronic kidney disease (CKD) such as kidney stones, due to which millions die each year because they do not have access to affordable treatment.
Medical device complaint management market is anticipated to grow at a significant CAGR of nearly 8.2% during the forecast period. The major factors that drive the growth of the market include the growing adoption of digitalization in all phases and the functionalities of the healthcare industry promoting market growth. For instance, in April 2020, Veeva Systems announced Veeva Vault product surveillance, a cloud application for medical devices, and diagnostics to simplify and standardize the postmarket surveillance process.
wireless brain sensors market is anticipated to grow at a significant CAGR of 11.7% during the forecast period. The rising unhealthy lifestyle choices such as smoking, alcohol consumption, and others are one of the major factors leading to different brain disorders such as migraine, strokes, and dementia which is further boosting the wireless brain sensors market during the forecast period as wireless brain sensors are used to observe the temperature, sensing the intracranial pressure, and record brain signaling in the form of brain waves which assists in securing the person from any emergency condition.
Intrathecal pumps market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. The rising incidence of chronic disorders, such as cancer, chronic pancreatitis, back pain, and others is significantly boosting the intrathecal pumps market across the globe during the forecast period. According to WHO, due to cancer around 10 million people died in 2020, and each year approximately 400,000 children develop cancer.
Fitness tracker market is anticipated to grow at a CAGR of 15.2% during the forecast period. The major factors that contribute to the market growth include the rising awareness related to fitness coupled with the significant demand for fitness trackers, primarily in the young generation. These devices are used in various applications such as heart rate monitoring, sleep measurement, glucose measurement, cycling track, sports activities, and others.
Two-photon microscopy market is anticipated to grow at a CAGR of 5.6% during the forecast period. The market is mainly driven due to favorable funding scenarios for R&D in microscopy coupled with rising demand for electron microscopies in applied industries such as life science, and semi-conductor. In addition, technological advancements in microscopies such as multi-view microscopes, scanning helium, and integrated micrsopcpay workflows are some of the prominent factors that are responsible for the growth of the market.
Laser hair removal market is anticipated to grow at a CAGR of 18.5% during the forecast period. Technological advancements have led to a non-surgical and non-invasive method of hair removal which is gaining traction among consumers. The immense popularity and adoption of non-invasive treatment are attributed to their rare side effects than invasive ones, coupled with the necessary approval of products from the US FDA. The rising number of FDA-approved products owing to their safety and efficiency has attracted a huge number of customers and will provide a growth opportunity for the market.
Cranial fixation & stabilization system market is anticipated to grow at a CAGR of 8.5% during the forecast period. The rising number of road accidents and the rising prevalence of neurological diseases such as stroke, epilepsy, Parkinson's diseases, neuro-infectious, and traumatic injuries are expected to boost the market growth. Moreover, the rising incidence of brain and spine surgeries leads to an increase in the demand for cranial fixation systems. Cranial stabilization equipment is used to secure the head during surgery, whereas cranial fixation equipment is used to maintain the structural stability of the head and neck.
Surgical stapling devices market is anticipated to grow at a CAGR of 7.0% during the forecast period. Rising demand for minimally invasive procedures is primarily driving market growth. Minimally invasive surgery causes less scarring, pain and damage to healthy tissue. Hence, the patients’ who experienced minimally invasive surgeries may have a quick recovery compared to the traditional procedure. Therefore, a significant rise in the preference for minimally invasive procedures has been witnessed, which in turn, is driving the demand for cutter instruments, such as surgical stapling devices. Surgical staplers are often used in minimally invasive surgeries as they are designed to cut tissue and vessels and then quickly seal them.
Powered air purifier respirator market is anticipated to grow at a CAGR of 6.2% during the forecast period. The market growth is driven by rising incidences of various infectious diseases, and the recent hazardous impact of the COVID-19 pandemic. During and after the COVID-19 pandemic, the demand for respirators, PPE kits, and hand gloves products has increased in the healthcare sector. Moreover, the slight rise in the level of air pollution, and increasing carbon emissions owing to deforestation in the countries are some factors that boost the market growth.
Foot orthotics insoles market is expected to grow at a CAGR of 6.4% during the forecast period. Foot orthoses are specially designed shoe inserts that support the feet and correct any imbalances. Some of the foot and lower limb problems that can be successfully treated in the long term with orthoses include corns and calluses, foot ulceration, tendonitis, recurrent ankle sprain, plantar fasciitis, or heel spur syndrome, and recurrent stress fractures.
physiotherapy equipment market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The key factors contributing to the market growth include the increasing prevalence of cardiovascular and neurological diseases across the globe. People who suffered from cardiovascular and neurological diseases are prescribed to opt physiotherapy due to which there is considerable global demand for physiotherapy equipment. As per the reports published by the United Nations (UN) Department of Economic and Social Affairs, on World Population Ageing 2020, the number of older persons in the total population is growing rapidly.
Smart contact lens market is anticipated to grow at a significant CAGR of 25.5% during the forecast period. The key factors contributing to the market growth include the rising prevalence of diabetes across the globe. Smart contact lenses are being used for fast diagnosis of diabetes, glaucoma, and others. As per the report published by IDF Diabetes Atlas in 2022, approximately 537 million adults aged between 20-79 years are living with diabetes, the number is predicted to rise to 643 million by 2030 and 783 million by 2045. Moreover, the patents are majorly found in low- and middle-income countries along with around 6.7 million deaths in 2021 that 1 in every 5 seconds.
intraocular lens market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period. IOLs are implantable medical devices used for vision correction. The major factor propelling the market growth includes the increasing ophthalmic issues along with the rising prevalence of cataracts which employs IOLs. As per the data released by National Eye Institute, in 2020, the US recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases. These cases are expected to reach 11.3 million and 38 million by 2030 and 50 million by 2050. Thus, an rising in the number of ophthalmic cases across the globe is anticipated to positively impact the growth of the IOL market.
The global blood warmer market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. A blood warmer is a device used to warm blood, blood products, colloids, and other fluids which reduces the risk of hypothermia. To prevent the blood from the breakdown of the blood cells or hemolysis the refrigerated blood is warmed. The major factor driving the market growth is the increasing number of trauma cases and surgeries across the globe are propelling the use of blood warmer during the treatment of the injury.
The global transvaginal endoscopy market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. Transvaginal endoscopy (TVE) has recently been introduced as a useful method for the diagnosis of infertility in women. Endoscopy procedures are less painful and minimally invasive surgeries with less complicated surgical procedures. Endoscopy is increasingly being used for the diagnosis and treatment of several major disorders, such as cancer, orthopedic disorders, neurological, and gastroesophageal reflux disorder (GERD).
The global vitreoretinal surgery devices market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The rising incidences of eye disorders such as macular degeneration, uveitis, vitreous hemorrhage, macular hole, epiretinal membrane, and glaucoma is the major factor boosting the market growth. According to the Centers for Disease Control and Prevention, in 2020, around3 million Americans were diagnosed with glaucoma, and 2.7 million aged 40 and older are affected by its most common form, open-angle glaucoma.
The global aesthetic lasers market is anticipated to grow at a significant CAGR of 11% during the forecast period. The growing importance of looking better and fit over the period, are influencing the population across the globe to opt for minimally invasive cosmetic procedures, and alsoincreasing awareness regarding the benefits associated with this cosmetic surgery is driving the market growth. For instance, in March 2020, Lumenis Ltd. launched the newest, innovative platform, the Stellar M22 it is a multi-application platform that allows for easy and quick treatment with great output and efficacy.
The global thermometer market is anticipated to grow at a substantial CAGR of 7.7% during the forecast period. The rise in the prevalence of infectious diseases and other medical conditions including malaria and dengue fever is the major factor impacting the growth of the global thermometer market. These medical conditions require accurate body temperature readings to measure treatment options. Owing to the well-developed healthcare system and the high prevalence of diseases that necessitate body temperature monitoring is likely to heighten demand for thermometers during the forecast period.
The global ULT freezers market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. The key factors that are contributing to the market growth include the increasing investments in R&D activities in life science and the growing adoption of various modified drugs. Moreover, the increasing demand for ULT freezers in the pharmaceutical industry to store various components such as drugs, and tissue along with the growing utilization of pharmaceutical storage equipment in biobanks, blood banks, and research laboratories are some other factors boosting the market growth.
The global coagulation analyzer market is anticipated to grow at a significant CAGR of 6.8% during the forecast period. The key factors associated with the market growth include the increasing prevalence of chronic blood disorders, and the growing geriatric population across the globe a that are driving the market growth.For instance, as per the annual global survey by the World Federation of Hemophilia in 2020, the total number of people suffering from blood disorders is 347,026, among which around 209,614 people were living with hemophilia, and 53,215 people with other bleeding disorders.
The global ear health market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The growing elderly population across the globe is one of the key factors which is driving the ear health market. Age-related hearing loss (Presbycusis) comes slowly as a person gets older, affecting hearing capability of ears. There are generally two types of hearing loss named Sensorineural hearing loss, and Conductive hearing loss. Some health conditions in older people such as high blood pressure, diabetes, brain injury, tumor, stroke, and others also contribute to hearing loss.
The global test phantoms market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period. There is an emerging focus on the advances and development of diagnostic imaging techniques coupled with the rising prevalence of chronic diseases such as cancer, CVD, and others. As per the World Health Organization (WHO), in 2020, there were nearly 2.3 million new cancer incidences reported in the US. Additionally, in 2020, there were 274,364 new cancer incidences reported in Canada.
Continuous renal replacement therapy (CRRT) market is anticipated to grow at a CAGR of 5.8% during the forecast period (2024-2031). CRRT is a form of dialysis treatment commonly utilized in critically ill patients suffering from acute kidney injury (AKI). The therapy is administered continuously for 24 hours to offer renal support in intensive care units (ICUs). The pivotal factors driving the industry growth include the growing prevalence of AKI, chronic diseases such as diabetes, significant advancements in technology such as improved monitoring systems and better filtration technologies, increasing expenditure on healthcare infrastructure, regulatory support policies, an aging population, and growth in early diagnostic awareness.
Auto-Injectors market is anticipated to grow at a CAGR of 15.1% during the forecast period (2024-2031). The auto-injector market is driven by factors such as rising allergies, chronic diseases, technological advancements, and patient preference for self-administration. The regulatory support and cost-effectiveness of these auto-injectors further support its adoption. Regulatory support facilitates market entry while emerging markets' healthcare infrastructure development increases access to auto-injectors.
Digital diabetes management market is anticipated to grow at a CAGR of 14.6% during the forecast period (2024-2031). Digital diabetes management refers to the use of technology-based tools and applications to aid individuals in managing their diabetes. These digital solutions can include mobile apps, online platforms, and connected devices that track and analyze health data such as blood glucose levels, diet, exercise, and medication adherence. The growing need for the on-time management of diabetes to limit its impact on health is a major motivator for the growth of this global market.
Capsule filler market is anticipated to grow at a CAGR of 4.8% during the forecast period (2024-2031). The global pharmaceutical industry is expanding, leading to increased demand for capsule fillers for efficient medication production. Technological advancements, such as automation, precision, and integration with IoT and AI, are improving production efficiency and reducing labor costs. Compliance with regulations is important for market acceptance and product quality, while the competitive landscape is driving the need for efficient solutions. Factors such as the growing elderly population, consumer awareness for vitamins and dietary supplements, and focus on preventive healthcare are creating the demand for capsule fillers. Additionally, green manufacturing practices are also influencing production methods.
Sternal closure systems market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). A sternal closure system refers to a medical device used in cardiac surgery to secure and stabilize the sternum following procedures like median sternotomy, ensuring post-operative integrity and reducing complications.
The global Facial Injectables market is anticipated to grow at a significant CAGR of around 10.5% during the forecast period. The people working in excessive sun exposure has to lead to tissue breakdown of the skin, thus the demand for facial injectables is growing among individuals to protect their skin with the high UV rays. People in high disposable income countries are focusing and spending more on the aesthetic beauty products and treatments due to which the demand for facial injectables are increasing. As per the the American Society of Plastic Surgeons (ASPS) report, in 2019, Americans spent more than $16.5 billion on cosmetic plastic surgery and minimally invasive procedures in 2018.
The global market for osmometers is projected to have a considerable CAGR of around 4.1% during the forecast period. An osmometer is an analytical instrument used to estimate the osmotic pressure of various solutions, colloids, and compounds. These devices are also used to measure sugars and salts in urine solutions. The increase in demand for osmometers is mainly due to the increase in R & D activities and the number of clinical and bio pharmacy laboratories. In addition, increased medical costs and increased demand for advanced experimental equipment for accurate analysis and results for better clinical outcomes have also contributed to the growth of the osmometer market.
The global dental bone graft substitutes market is growing at a CAGR of 7.2% during the forecast period. One of the major factors that are augmenting the growth of the dental bone graft substitutes market is cosmetic dentistry growing demand. Furthermore, rising medical along with dental tourism in emerging countries, increasing awareness of the public regarding preventive care, and growing per capita health expenditure, are also estimated to be the other prime factors that are contributing significantly towards the growth of the market.
The global drug eluting balloons market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Drug eluting balloons are also referred to as drug-coated balloons and have been one of the promising forms of new transcatheter technologies that has been aimed to reduce high restenosis rates in coronary heart diseases and peripheral artery disease. Thus, the growing prevalence of the diseases such coronary heart diseases, peripheral artery disease, coupled with the rising prevalence of obesity is likely to spur the demand for drug eluting balloons all over the globe.
The global advanced wound dressing market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Apart from the traditionally used materials, newly used foams, hydrocolloids, hydrofibers, films, alginates, collagen, hydrogels, wound contact layers, superabsorbents, and other advanced dressings such as honey, charcoal, negative pressure wound therapy (NPWT), and gelling fiber dressings, are being used as a part of advanced wound care dressing. Such novel advancements are likely to create ample growth opportunities for the global advanced wound dressing market.
The global surgical operating microscopes market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). A surgical microscope is a mechanical or electrical optical instrument. These microscopes are used for microsurgery and provide the surgeon with a stereoscopic, high-quality magnified, and illuminated image of the small structures in the surgical area.
The global surgical booms market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Surgical booms are also known as equipment management systems (EMS) and are used to constrain electrical wiring from the various equipment used in the operating room. Additionally, they support organizing the space in the operating room and are suspended from the roof of the operating room. Further, they are available in several designs and utilities.
The global guidewires market is anticipated to grow at a significant CAGR of around 4.9% during the forecast period. The adoption of guidewires will rise due to various healthcare policies implemented by governments from time to time. It will provide considerable potential for market expansion during the forecast period. For instance, according to cook medical's 2019 GI endoscopy guide medicare reimbursement guide, the government reimburses ambulatory surgery centres an estimated USD 1,245.4 for endoscopic cholangiopancreatography with guidewires.
The global cardiac markers market is expected to grow at a significant CAGR during the forecast period (2022-2028). When the heart is strained or its muscles are injured, cardiac markers or cardiac biomarkers are released into the bloodstream. These markers include cardiac troponins, creatine kinase (CK), ischemia-modified albumin (IMA), and myoglobin, among other enzymes, hormones, and proteins.
The global contrast media injectors market is anticipated to grow at a significant CAGR of 6.3 % during the forecast period. The significant increase in the number of cases of cancer is fueling demand for contrast media injectors in the market. For instance, according to the international agency for research on cancer (IARC), in 2018 there were 17.0 million new cancer cases and 9.5 million cancer deaths worldwide. The future burden will probably be even larger due to the increasing prevalence of factors that increase risks, such as smoking, unhealthy diet, physical inactivity, and fewer childbirths, in economically transitioning countries. Thus, Contrast media injectors are used to improve the diagnostic value of those imaging exams.
The global Pulse electromagnetic field therapy devices market is anticipated to grow at a CAGR of around 7.6% during the forecast period. Pulsed Electro-Magnetic Field (PEMF) therapy uses technology to stimulate and exercise cells to help resolve cellular dysfunction and to support overall wellness. PEMF therapy sends magnetic energy into the body. The magnetic fields help you to increase electrolytes and ions. The market is expected to rise due to an increase in the global geriatric population and increased awareness of pulsed electromagnetic field (PEMF) therapy devices. The market position is also projected to grow by technological improvements such as the development of narrow, compact PEMF therapeutic devices using innovative materials.
The global ultrasound probe market is anticipated to grow at a significant CAGR of around 4.6% during the forecast period. The rising number of ultrasound imaging procedures and advancement in diagnostic ultrasound imaging procedures is helping in improving diagnosis by providing immediate clinical information. Instant diagnostic data is instantly available and has consequently helped in reducing overall healthcare costs by replacing with most expensive diagnostic exams and this factor of ultrasound imaging procedures is propelling the growth of the ultrasound probe market.
The global prefilled syringe market is anticipated to grow at a considerable CAGR of around 9.5% during the forecast period. Increase in innovations in prefilled products for biological drugs isaugmenting the prefilled syringes market growth. The rising demand for biological drugs, and growing innovations in injectable delivery solutions are creating significant scope for the market growth.
The global small molecule tyrosine kinase inhibitor market is expected to grow at a significant CAGR (2022-2028). TKIs (tyrosine kinase inhibitors) are small molecules that block intracellular signalling pathways in tumor cells, causing deregulation of key cell functions such as proliferation and differentiation. Furthermore, small molecule inhibitors (SMIs) are among the most effective drugs for targeted cancer therapy, according to the National Center for Biotechnology Information (NCBI). The increasing prevalence of cancer around the world is a major factor driving market growth.
The global patient handling equipment market is anticipated to grow at a significant CAGR during the forecast period(2022-2028). Patient handling equipment is used to support and move a person with limited mobility from one place to another. The rise in the geriatric population is one of the drivers in boosting the patient handling equipment market as elderly people aged 65 and above are more predictable to fall ill with functional disabilities, causing a decline in mobility.
The global diagnostic imaging market is anticipated to grow at a significant CAGR of around 6.5% during the forecast period. The increase in the need for early diagnosis for effective treatment, and early detection in several chronic diseases such as cancer are increasing the demand for imaging across the globe, which in trun, driving the global diagnostic imaging market.
The global healthcare insurance market is anticipated to grow at a significant CAGR of 6.4 % during the forecast period. Health insurance protects and insured individuals against financial losses arising during medical emergencies.
The global veterinary antimicrobial susceptibility testing market is growing at a considerable CAGR of 6.0% during the forecast period. Increasing demand associated with animal-derived products, rising expenditure on animal health are two of the prime factors affecting and driving the market.
The global durable medical equipment market is growing at a considerable CAGR of 6.5% during the forecast period. Rising technological advancements are considered as the prime factors affecting and driving the market.
The global ENT devices market is growing at a considerable CAGR of 6.5% during the forecast period. The increasing geriatric population, rising affordability associated with ENT treatment is considered as the prime factors affecting and driving the market.
The global digital therapeutics (DTx) market is growing at a considerable CAGR of 29.0% during the forecast period. Increasing investment related to digital therapeutics, rising technological advancements in mobile healthcare are considered as the prime factors affecting and driving the market.
The global surgical blades & scalpels market is anticipated to grow at a CAGR of 9.5% during the forecast period. The growth of the surgical blades & scalpels market can be primarily attributed to increasing number of surgeries globally.
The global surgical instrument tracking systems market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. A surgical instrument tracking system combines scanning technology and application software to provide a solution for healthcare organizations to increase patient safety, improve operating theatre efficiency and improve CSSD management of high value surgical instruments.
The global buttock augmentation market is anticipated to grow at a significant CAGR of nearly 21.0% during the forecast period. The major factor driving the growth of the market is the increasing awareness of aesthetics among the population.
The global denture market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. The aged population has lost their natural teeth due to decay and disease. As the number of people adopted to implant artificial teeth.
The global veterinary dental equipment market is anticipated to grow at a CAGR of 6.8% during the forecast period (2021-2027). The global veterinary dental equipment market is driven by increasing periodontal diseases and increasing awareness of pet oral hygiene.
Pulse oximeter market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). The increase in chronic respiratory illnesses has increased the need for pulse oximeters, especially for remote use. The development of technology, most notably in the application of AI algorithms and Bluetooth, has made it more efficient in its performance. It further has telemedicine applications for chronic disease management and emergency services. Allowances by regulatory bodies assist in personal healthcare by connecting health monitoring equipment.
The global disease risk and health genetic test market is expected to grow at a significant CAGR during the forecast period (2021-2027). Health and disease risk genetic tests are used to determine a person's disease risk.
The global at-home genetic testing market is expected to grow at a significant CAGR during the forecast period (2021-2027). Genetic tests are medical instruments that come in the form of kits or panels and are used to diagnose genetic illnesses in humans. Furthermore, blood samples from patients are collected throughout the procedure.
The global ancestry testing market is expected to grow at a significant CAGR during the forecast period (2021-2027). Ancestry testing, often known as genetic genealogy, is a technique for determining a person's ancestral relationship by examining their family history (genealogy).
The global pregnancy point of care testing market is expected to grow at a significant CAGR during the forecast period (2021-2027). The pregnancy point of care testing is a medical diagnostic procedure that enables the identification of the probability of pregnancy in women by estimating the level of various reproductive hormones including the follicle-stimulating hormone, luteinizing hormone, and growth hormone.
The global eye drop bottle squeezer market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). An eye drop is a kind of pharmaceutical dosage form that includes liquid or saline solutions containing varieties of the drug meant for the treatment of various eye conditions.
The global biolistic particle gun market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A biolistic particle gun is also known as a gene gun, which is the transportation process or technique that delivers exogenous DNA or foreign DNA (transgenes) into the cells.
The global medical devices market is estimated to grow at a significant CAGR during the forecast period. The COVID-19 pandemic is projected to have a mixed effect on the market. Currently, countries are facing the vast threat of the COVID-19 pandemic.
The global pelvic floor electric stimulator market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2021-2027). The growing demand for pelvic muscle strengthening is a key factor driving the growth of the global pelvic floor electric stimulator market.
The global home health monitoring device market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing integration of health monitoring technologies with the wearables such as a smartwatch, fit bands, and many others. This factor will fuel the growth of the market during the forecast period.
The global market for foam dressings is expected to grow at a significant CAGR during the forecast period (2021-2027). Foam dressings are made of semipermeable polyurethane and are used to treat wounds. They are non-adherent, non-linting dressings that only allow water vapor to pass through, preventing germs and other pollutants from entering.
The global market for flowable hemostats is expected to grow at a significant CAGR during the forecast period (2021-2027). Flowable hemostats are made of a bovine or porcine gelatin matrix and have a thick yet flowable consistency.
The global intracranial shunt device market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor for the growth of the market is the increase in the number of patients diagnosed with hydrocephalus.
The Enasidenib Market is expected to register at a highest CAGR during the forecast period. Enasidenib is a drug that targets a gene mutation called IDH2 that affects the bone marrow.
The US brachytherapy market is anticipated to grow at a substantial CAGR of 3.1% during the forecast period. The market was valued at $347.4 million in 2020. The US is the major market of brachytherapy due to various factors such as investments in R&D, high healthcare expenditure, the presence of key players, and the rising prevalence of cancer patients.
The North American brachytherapy market is anticipated to grow at a CAGR of 3.3% during the forecast period. North America holds a major share in the global brachytherapy market due to the established research environment for various biotechnologies, the presence of major healthcare providers, and growing healthcare investment in the US and Canada.
The European brachytherapy market is anticipated to grow at a CAGR of 3.6% during the forecast period. According to the World Health Organization, Europe comprises only one-eighth of the total global population, however, has around one-quarter of the global total of cancer cases with some 3.7 million new patients per year.
The global STD home testing market is anticipated to grow at a considerable CAGR of around 4.7% during the forecast period. The rising prevalence of STD diseases across the globe has driven the demand for STD home testing market to limit its transmission. This is due to fact that STDs impose a major health and economic burden on economies across the globe. According to the WHO, in 2019 every day, more than 1 million people get infected by STDs globally. Each year there are an estimated 374 million new infections with 1 of 4 STIs, chlamydia, gonorrhea, syphilis, and trichomoniasis. Moreover, in 2020, there were 374 million new infections cases with one of four STIs: chlamydia (129 million), gonorrhea (82 million), syphilis (7.1 million), and trichomoniasis (156 million).
The global refractive surgery devices market is projected to grow at a CAGR of 4.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes increased incidence and prevalence rate of ophthalmic diseases is growing at a significant rate across the globe.
The global operating microscope market is anticipated to exhibit considerable CAGR of 11.3% during the forecast period (2021-2027). An operating microscope is an optical microscope specifically designed to be used in a surgical setting.
The global respiratory gas monitor market is anticipated to exhibit considerable CAGR of 7.8% during the forecast period (2021-2027). The increasing incidences of pre-term birth are a key factor driving the growth of the respiratory gas monitor market.
The global nebulizer market is projected to grow at a modest CAGR of nearly 6.0% during the forecast period (2021-2027). The primary factor driving the market growth include the rising incidences of respiratory disorders globally.
The global transcatheter aortic valve replacement market is growing at a CAGR of around 11.4% during the forecast period (2021-2027). As per data published by Medicare and Medicaid Services, The growth of this market is due to the aortic stenosis patients, and the constantly increasing geriatric population.
The global medical cameras market is anticipated to grow at a CAGR of around 7.2% during the forecast period (2021-2027). The factors that are augmenting the growth of the global medical cameras market include the rising number of surgical procedures globally, growing demand for advanced visual solutions to get visual representation during surgeries, technology developments, and increasing endoscopy procedures.
The US breathalyzer market is projected to grow at a modest CAGR during the forecast period (2022-2028). The demand for breathalyzers in the US is increasing owing to the rising prevalence of asthma, chronic obstructive pulmonary disease (CPOD), chronic bronchitis, emphysema, lung cancer, and other respiratory diseases. The number of drunk and drive road accidents is also increasing in the US due to the high consumption of alcohol while driving. According to the US Department of Transportation, National Highway Traffic Safety Administration (NHTSA) report, in 2019, 10,142 people died in alcohol-impaired crashes.
The North America breathalyzer market is projected to grow at a modest CAGR during the forecast period (2022-2028). The key aspect that drives the growth of the market includes increasing alcohol consumption, drug abuse, and stringent regulation towards adoption of breathalyzers for alcohol testing in various sectors, especially in transportation to limit drunk and drive accidents. In North America, the market is growing due to the high consumption of alcohol. Consumption of alcohol leads to drunk and drive accidents cases, due to which the adoption of a breathalyzer in the transportation and other sectors is high.
The European breathalyzer market is projected to grow at a modest CAGR during the forecast period (2022-2028). In Europe, the UK, Germany, France, Spain, Italy, and the rest of Europe are the major economies that are contributing towards the regional growth. The factors that are augmenting the growth of the breathalyzer market in Europe include increasing drunk-drive road accident cases, growing initiatives by the European Commission regarding drug abuse, and stringent government regulation for breathalyzer adoption in various verticals.
The Asia-Pacific breathalyzer market is projected to grow at a modest CAGR during the forecast period (2022-2028). Asia-Pacific is expected to be the fastest-growing region in the breathalyzer market during the forecast period. The key aspect that drives the growth of the market includes the increased demand for breathalyzers from the various end-user industries such as healthcare, law enforcement & military, government & private workplace, and transport. The demand and use of breathalyzers in the transport sector are gaining popularity owing to the increasing number of drink and driving accident cases.
The global breathalyzer market is anticipated to grow at a CAGR of around 8.5% during the forecast period. The factors that are augmenting the growth of the market include the increasing demand for breathalyzers in various end-users such as law enforcement agencies, consumers, transport, and others to minimize alcohol abuse.
The global portable medical devices market is projected to grow at a CAGR of 8.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising prevalence of chronic diseases coupled with the emergence of new and hassle-free portable medical devices.
Nasopharyngeal swabs are often referred to as upper respiratory specimens and are traditional means of taking a sample for COVID-19 diagnosis. To perform the nasopharyngeal swab, a swab is inserted in the nose horizontally, along an imaginary line between the nostril and the ear.
The global clear aligners market is projected to grow at a CAGR of 7.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising cases of malocclusion, misalignment of teeth across the globe.
The global gastroretentive drug delivery systems market is anticipated to grow at a CAGR of around 6.3% during the forecast period (2021-2027). The gastroretentive drug delivery systems are gaining popularity in the oral drug delivery systems.
Global radiofrequency ablation (RF) devices market is anticipated to grow at a considerable CAGR of 1.5% during the forecast period (2021-2027). The increasing prevalence of chronic diseases and increasing adoption of minimally invasive treatment, and advancement in technology that includes robotics in ablation procedure among others for its treatment are key factors driving the growth of the RF ablation devices market.
The US sleep apnea implants market is anticipated to grow considerably at a CAGR of 7.9% during the forecast period (2021-2027). The high prevalence of sleep apnea across the country is a key factor creating demand for its treatment; thereby driving its market growth.
The UK sleep apnea implants market is anticipated to grow considerably at a CAGR of 8.2% during the forecast period. The high prevalence of sleep apnea across the region is a key factor creating demand for its treatment; which in turn will drive the UK sleep apnea implants market.
The North American sleep apnea implants market is anticipated to grow considerably at a CAGR of 8.2% during the forecast period. The high prevalence of sleep apnea across the region is a key factor creating demand for its treatment; which in turn will drive the North American sleep apnea implants market.
European sleep apnea implants market is anticipated to grow considerably at a CAGR of 8.9% during the forecast period. The rising prevalence of sleep wake disorders such as sleep apnea across the region due to various behavior health issues of the population is a key factor creating demand for this devices; thereby driving the market growth.
The China sleep apnea implants market is anticipated to grow considerably at a CAGR of 10.8% during the forecast period. The growing prevalence of sleep apnea in China creating demand for its treatment; which in turn will drive the China sleep apnea implants market.
The Asia-Pacific sleep apnea implants market is anticipated to grow considerably at a CAGR of 8.2% during the forecast period. The growing prevalence of sleep apnea across the region is a key factor creating demand for its treatment; which in turn will drive the Asia-Pacific sleep apnea implants market.
Global sleep apnea implants market is anticipated to grow at a considerable CAGR of 10.6% during the forecast period (2021-2027). The rising awareness among population related to the adverse effects of sleep apnea if remain untreated is a key factor driving the growth of sleep apnea implants market.
The global myocardial infarction market is anticipated to grow at a modest CAGR of around 6.6% during the forecast period. The global myocardial infarction market is primarily driven by the increasing incidence and prevalence rate of chronic diseases, such as diabetes and hypertension along with unhealthy lifestyle changes such as suboptimal diets, excessive consumption of tobacco consumption and alcohol, and sedentary lifestyles.
The US market for mammography is projected to grow with a considerable CAGR of around 8.6% during the forecast period. The market is mainly driven due to various pivotal factor including the high healthcare expenditure in coupled with significant awareness regarding breast cancer screening in the country.
The UK market for mammography is projected to grow with a considerable CAGR of around 8.2% during the forecast period. The market growth is mainly backed by the growing number of breast cancer cases in the country coupled significant rise in breast screening.
The North American market for mammography is projected to grow with a considerable CAGR of around 8.5% during the forecast period. The major factors that are driving the growth of the market include the increasing developments of breast cancer screening technologies by the local and international market players and growing government and global health organizations initiatives.
The Indian market for mammography is projected to grow with a considerable CAGR of around 8.8% during the forecast period. The market is mainly driven due to the increasing cases of breast cancer and government programs for cancer screening in the country.
The European market for mammography is projected to grow with a considerable CAGR of around 8.7% during the forecast period. The major factors that are contributing to the growth of the market include the increasing cases of breast cancer coupled with the increased investments in the healthcare sector.
The Asia-Pacific market for mammography is projected to grow with a considerable CAGR of 9.5% during the forecast period. The major factors contributing to the market growth include the rising incidences of breast cancer, government initiatives for free cancer screening programs, and increasing launches of new breast imaging solutions in the region.
The US life science instrumentation market is estimated to grow at a CAGR of around 6.2% during the forecast period. The presence of major global players such as Illumina, Inc., Thermo Fisher Scientific, Inc., and others in the country coupled with growing R&D in the pharmaceutical Industry is act as the major factors responsible for the growth of the market.
The UK life science instrumentation market is estimated to grow at a CAGR of around 5.7% significantly during the forecast period owing to the growing advancement in the life science coupled significant R&D and pharmaceutical industry, rising adoption of cell culture technologies and others.
The North American life science instrumentation market is estimated to grow at a CAGR of around 6.4% during the forecast period. The market is mainly driven due to growing life-science research activities, technological advancement in sequencing technologies, significant adoption of the cell culture in the US and Canada.
Indian life science instrumentation market is estimated to grow at a CAGR of around 6.5% during the forecast period. The pivotal factors that propel the market growth in the country include the rising healthcare expenditure by the government, growing pharmaceutical and biotechnology industry coupled with investment by the large biotechnology and pharmaceutical company for pharmaceutical research in the country.
The European life science instrumentation market is estimated to grow at a CAGR of around 6.1% during the forecast period. The major factors that further contribute to the growth of the market include the rising R&D in the biotechnology and life science, sector, growing investment by the government in life science research and others.
Asia-Pacific life science instrumentation market is estimated to grow at a CAGR of around 6.9% during the forecast period. Rising investment in life science research by the government and pharmaceutical companies in the region, growing healthcare infrastructure in emerging economies such as India, China and others are the major pivotal factors that propel the market growth in the region during the forecast period.
The US anesthesia face masks market is anticipated to grow at a CAGR of 2.6% during the forecast period. It is the major revenue contributor to the global anesthesia face masks market. The country holds the highest market value due to better healthcare accessibility, coverage and spending.
The North America anesthesia face masks market is estimated to grow at a CAGR of 2.8% during the forecast period. The region holds the highest share among all the other regions and is likely to witness an incremental growth during the forecast period.
The Indian anesthesia face masks market is estimated to grow at a significant CAGR of 4.8% during the forecast period. The prevalence of heart disease in the country is around 2.8%, and it further increases with the rising age. For instance, the prevalence of moderate or severe aortic stenosis is 3.0% in patients more than 75 years old.
The Europe anesthesia face masks market is anticipated to grow at a moderate CAGR of 3.0% during the forecast period. Factors such as the rising awareness of anesthesia face masks while delivering surgical treatments to various acute & chronic disorders coupled with improved healthcare infrastructure, various favorable guidelines, and availability of technologically advanced anesthesia face masks are contributing to the market growth in the region.
The Asia Pacific anesthesia face masks market is anticipated to grow at the fastest CAGR of 5.0% during the forecast period. Pivotal factors contributing to this region’s growth are the presence of a large pool of patient population with various acute and chronic diseases, improvements in healthcare infrastructure, and increased healthcare expenditure.
The US embolic protection devices market is anticipated to grow at a significant CAGR of 8.3% during the forecast period. The US is the major revenue contributor to the global embolic protection devices market. The country holds the highest market value due to better healthcare accessibility, healthcare coverage and spending.
The North America embolic protection devices market is estimated to grow at a significant CAGR of 8.3% during the forecast period. North America has the highest share among all regions and is likely to witness the highest absolute growth during the forecast period.
The Europe embolic protection devices market is anticipated to grow at a significant CAGR of 7.7% during the forecast period. The rising awareness of embolic protection devices for treating various embolic complications associated with treatment procedures of CAD, PAD and valvular heart diseases coupled with improved healthcare infrastructure, various favorable guidelines and availability of technologically advanced embolic protection devices are driving the growth of the embolic protection devices market in the region.
The Asia-Pacific embolic protection devices market is anticipated to grow at a CAGR of 7.4% during the forecast period. Asia-Pacific accounted for the third-largest share in the global embolic protection devices market. Some of the factors contributing to this region’s growth are the presence of a large pool of patient population, improvements in healthcare infrastructure, and increased healthcare expenditure.
The embolic protection devices market is projected to propagate at a solid CAGR of 8.0% during the forecast period (2021-2027). Embolic protection devices (EPDs) are mainly used during percutaneous cardiac procedures to reduce the number of complications caused by debris being released into the bloodstream and lead to blockages in smaller vessels.
The anesthesia face masks market is projected to propagate at a CAGR of nearly 3.5% during the forecast period (2021-2027). Anesthesia face masks are transparent equipment primarily used to deliver O2, N2OO2, and/or other inhalation anesthetics before, during, and after the anesthetic surgical procedures.
The UK neural implants market is estimated to grow at a significant CAGR of 7.8% during the forecast period. The UK was the third-largest market for neural implants share in the European neural implants market.
The North American neural implants market is estimated to grow at a CAGR of 8.5% during the forecast period. North America is dominating the global neural implants market owing to the high prevalence of neurological disorders and technological innovations in the neural/brain implant devices.
The Asia-Pacific neural implants market is anticipated to grow at a healthy CAGR of 9.2% during the forecast period. Asia-Pacific accounted for the third-largest share in the global neural implants market. Some of the factors contributing to this region’s growth are the presence of a large pool of patient population, improvements in healthcare infrastructure, and increased healthcare expenditure.
The global neural implants market is projected to propagate at a solid CAGR of 8.8% during the forecast period (2021-2027). Neural implants, also called brain implants, are medical devices that are placed inside the body to make them interact with neurons.
The global optometry equipment market is projected to grow at a modest CAGR of 5.6% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising incidences of eye related disorders such as infections, diabetic retinopathy, and many others.
The North American medical grade silicone market is projected to grow at a modest CAGR of 5.9% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising demand for medical implantable devices owing to the rising chronic cardiovascular diseases across the region.
The European medical grade silicone market is projected to grow at a modest CAGR of 5.7% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising demand for medical grade silicone for various purposes such as implantable devices, cosmetic surgeries contact lenses, among many others.
The Asia-Pacific medical grade silicone market is projected to grow at a modest CAGR of 5.8% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the surge in demand for disposable devices has led to an increase in demand for medical grade silicone.
Silicones or polysiloxanes belong to the organosilicon compounds and owing to their unique properties, they are used in numerous pharmaceutical applications. Silicones play the role of the active substance as well as excipients for the internal use, whereas, enact as excipients for the external uses.
US healthcare CDMO market is estimated to grow significantly during the forecast period. The major factors that are projected to contribute to the growth of the market include the presence of contract manufacturers in the US that has significantly minimized costs and reduce product development time.
North American healthcare CDMO market is estimated to grow significantly during the forecast period. The growing adoption of contract manufacturing and contract development services by the pharmaceutical and medical device companies is considered a major factor that propels the market growth in the region.
European healthcare CDMO market is estimated to grow significantly during the forecast period. The evolvement of the drug outsourcing business, in order to reduce the time and cost of many processes previously accomplished in-house and is continuously fuelling the growth of the healthcare CDMO market in Europe.
Asia-Pacific healthcare CDMO market is estimated to grow significantly during the forecast period. The market is mainly driven due to the growing demand for generics drugs in the region. Cost benefits owing to low labor costs and capital expenditures are the key reasons for outsourcing to the Asia-Pacific region.
US market for capnography devices is projected to grow with considerable CAGR during the forecast period. The major factor that contributes to the market growth during the forecast period includes the significant prevalence of CVD coupled with the rising number of cardiac surgical procedures in the country.
North American market for capnography devices is projected to grow with considerable CAGR during the forecast period. The increasing prevalence of chronic diseases such as cardiovascular diseases (CVDs) in the region, rising number of surgeries in the US and Canada are the major factors that propel the market growth during the forecast period.
European market for capnography devices is projected to grow with considerable CAGR during the forecast period. There are various pivotal factors that contributing to the growth of the market that includes the rising number of cardiac surgeries in various European countries such as the UK, Germany, France, and others, coupled with significant advancement in portable capnography devices.
Asia-Pacific market for capnography devices is projected to grow with considerable CAGR during the forecast period. The rising number of patients with cardiovascular disease (CVDs), respiratory diseases in the region, growing awareness related to the treatment of CVD in emerging economies such as China, India, and others are considered as the major driving factors for the Asia-Pacific capnography devices market.
US medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising demand for technologically advanced medical devices and rising prevalence of chronic and infectious diseases in the region.
UK medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising expansion of advanced healthcare facilities in the country, owing to the rise in the government expenditure on healthcare.
North American medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising demand for technologically advanced medical devices and rising prevalence of chronic and infectious diseases in the region.
India medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising spending on the healthcare infrastructure and rising prevalence of chronic and infectious diseases in the country.
The European medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising healthcare expenditure and rising prevalence of chronic and infectious diseases in the region.
Asia-Pacific medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising spending on healthcare infrastructure for the improvement of healthcare facilities and the rising prevalence of chronic and infectious diseases in the region.
US high-performance liquid chromatography (HPLC) market is estimated to grow at a CAGR of 4.6% during the forecast period. The market is mainly driven due to various pivotal factors such as significant growth in the R&D investment by the pharmaceutical and research institutes, growing demand for HPLC in drug discovery activities, and the presence of major biotechnology companies in the country.
UK high-performance liquid chromatography (HPLC) market is estimated to grow at a CAGR of 4.0% during the forecast period. The major factors that propel the market growth include the significant growth in the pharmaceutical R&D, growing demand of HPLC tests in drug approvals, significant growth in clinical research in the country.
North American high-performance liquid chromatography (HPLC) market is estimated to grow at a CAGR of 4.6% during the forecast period. The factors that are contributing to the growth of the market include the rising investment by the government for clinical research and drug discovery, growing demand for HPLC in R&D activities, and others.
Indian high-performance liquid chromatography (HPLC) market is estimated to grow significantly during the forecast period. Rising healthcare R&D expenditure, increasing funding in biotechnology and pharmaceutical research in the country are the factors that provide significant scope for growth to the market.
The European high-performance liquid chromatography (HPLC) market is estimated to grow at a CAGR of 3.8% during the forecast period owing to the significant growth in clinical research coupled with the rising demand for HPLC systems in clinical development.
The Asia-Pacific high-performance liquid chromatography (HPLC) market is estimated to grow at a CAGR of 5.7% during the forecast period. The market is mainly driven due to rising investment by the government for pharmaceutical R&D, rising clinical research activities in China and Japan.
The US home medical equipment market is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of the market is attributed to the growing adoption of home medical equipment owing to the advantages such as cost cuts and convenience.
The North American home medical equipment market is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of the market is being influenced mainly by the increasing incidences of chronic disease coupled with the high number of the aging population.
The Japanese home medical equipment market is anticipated to grow at a CAGR of 6.2% during the forecast period. The high prevalence of chronic diseases and high geriatric population base in the country is one of the major factors for the significant demand for home medical equipment in the country.
The Indian home medical equipment market is anticipated to grow at a CAGR of 8.1% during the forecast period. The growth of the market is driven by the increasing prevalence of chronic diseases such as hypertension and diabetes among others that can be easily managed at home with the use of a few home medical equipment.
The European home medical equipment market is anticipated to grow at a CAGR of 5.6% during the forecast period. The growth of the market is being influenced the continuously increasing demand for the home care across the region.
The Asia-Pacific home medical equipment market is anticipated to grow at a CAGR of 7.0% during the forecast period. The growth of the market is driven by the increasing demand for convenient healthcare services.
The US pregnancy test kits market is anticipated to grow at a CAGR of 5.2% during the forecast period. The growth of the market is influenced by the high awareness regarding family planning is expected to fuel the adoption of test kits.
The North America pregnancy test kits market is anticipated to grow at a CAGR of 5.1% during the forecast period. The growth of the market is influenced by the high teenage pregnancy cases across the region.
The India pregnancy test kits market is anticipated to grow at a CAGR of 7.1% during the forecast period. The growth of the market is influenced by the increasing adoption of rapid pregnancy test kits across the country.
The Europe pregnancy test kits market is anticipated to grow at a CAGR of 4.8% during the forecast period. The growth of the market is influenced by the growing incidences of infertility & other related gynecological disorders as well as higher awareness of the home pregnancy test.
The Asia-Pacific pregnancy test kits market is anticipated to grow at a CAGR of 6.2% during the forecast period. The growth of the market is influenced by the growing awareness regarding such technologically advanced pregnancy test kits that can be used easily at home for the first-time confirmation of pregnancy.
The pregnancy test kits market is anticipated to grow at a CAGR of 5.5% during the forecast period. Pregnancy test kits are used to check the blood or urine sample for the presence of maternal hormone called human chorionic gonadotropin (hCG) which confirms the pregnancy.
The US diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The major factor that propels the market growth in the country includes the introduction of advanced diagnostic imaging techniques such as 3D and 4D imaging introduced by the major players.
The UK diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The rising number of hospitals and clinics providing advanced diagnostic imaging services for the patients coupled with significant awareness regarding cancer and CVD and other chronic diseases in the country act as a major driver to the market.
The North American diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The market is mainly driven due to the significant advancement in the diagnostics imaging technologies coupled with the rising prevalence of various chronic diseases such as cancer, CVD, and others in the region.
The Indian diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The market is driven by various factors including government initiatives for the awareness towards chronic disease diagnosis such as cancer and CVD coupled with the rising healthcare expenditure in the country.
The European diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The major factors that propel the market growth during the forecast period include the rising cases of cancer and CVD in the region coupled with the various government in the field of cancer diagnostics and others.
The Asia-Pacific diagnostic imaging equipment market is estimated to grow significantly during the forecast period. Growing awareness regarding early disease diagnosis, coupled with the rising prevalence of chronic diseases such as cancer, CVDs, and others in the region are the major factors that contribute significantly to the growth of the market.
The US injection pen market is projected to grow at a CAGR of 6.1% during the forecast period (2020-2026). The market is largely driven by the presence of the key players operating in the US and providing a wide range of products for the treatment of several diseases. For instance, Eli Lily & Co. provides a broad range of insulin pen products such as HUMALOG KwikPen insulin lispro injection which is a disposable single-patient-use prefilled pen; and HumaPen LUXURA HD Pen for the insulin delivery to the body.
The North American injection pen market is projected to grow at a CAGR of 6.2% during the forecast period (2020-2026). The market growth in North America is attributed to the rising incidences of various diseases such as autoimmune disorders, hormonal disorders, and several other diseases. The changing eating habits, sedentary lifestyle, and obesity problems are some of the major factors causing these diseases amongst the people in the region.
The European injection pen market is projected to grow at a CAGR of 7.4% during the forecast period (2020-2026). The growth of the market in the region is attributed to the presence of the key players and a broad range of products offered by them. For instance, in November 2018, Novo Nordisk announced the launch of smart connected insulin pens NovoPen 6 and NovoPen Echo Plus. Besides, Sanofi SA also offers AllStar Pro pen injectors in markets across Europe.
Asia-Pacific injection pen market is projected to grow at a CAGR of 8.1% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising geriatric population in the region which creates more chances of diseases such as diabetes in the region, which in turn, creates scope for the market growth.
The global injection pen market is projected to grow at a CAGR of 6.8% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for modern and self-drug delivery devices for patients across the globe. The ability to self-inject is one of the prominent drivers for the growth of the injection pens market, which encourages its adoption over the forecast period.
The US pen needle market is anticipated to grow at a CAGR of 7.4%% during the forecast period. The high prevalence of diabetes in the country along with the requirement of easy treatment procedures is a key factor contributing to the growth of the market in the US. According to International Diabetes Federation (IDF), the number of adults with diabetes in the US accounted for 31.0 million in 2019, which is expected to increase by up to 34.4 million people in 2030, which is further expected to raise-up to 36.0 million people in 2045.
The North American pen needle market is anticipated to grow at a CAGR of 7.5% during the forecast period. The major factor influencing the growth of the pen needle market includes high awareness amongst the people related to the availability of such products in the market. In addition, increasing government funding and investment in R&D by government bodies and pharmaceutical and biotechnology companies are also positively impacting market growth.
The Indian pen needle market is anticipated to grow at a CAGR of 10.1% during the forecast period. An increased number of people suffering from diabetes in the country increases the demand for pen needles, which is a major factor fuelling the growth of the market. According to the International Diabetes Federation (IDF), in 2019, India has the second-largest number of adults suffering from diabetes globally that is 77 million adults (20-79 years).
The European pen needle market is anticipated to grow at a CAGR of 7.7% during the forecast period. The lucrative growth of the region is attributed to the presence of key players such as B. Braun Melsungen AG, Novo Nordisk A/S, Smiths Group Plc., and Vygon SA, which are pioneers in innovation, design, and manufacture of pen needles. Additionally, easy availability of pen needle across the region also aid to the growing shares of the market.
The Asia-Pacific pen needle market is anticipated to grow at a CAGR of 9.4% during the forecast period. The major factor influencing the growth of the market across Asia-Pacific include the increased prevalence of diabetes. The International Diabetes Federation (IDF) divided Asia-Pacific into South-East Asia and the Western Pacific.
US COVID-19 diagnostics market is estimated to see a decline in CAGR of 24.6% during the forecast period. The US is anticipated to hold considerable market for COVID-19 diagnostic owing to rapid increase in the number of diagnostic tests in the country coupled with growing number of cases on daily basis. However, post 2020, the demand for COVID-19 diagnostics is expected to decrease in the US. The US government is playing a crucial role in increasing the testing rate across the country.
The global airway management devices market is projected to grow at a CAGR of 5.8% during the forecast period. The key aspects to drive the growth of the global airway management devices industry include the rising prevalence of chronic respiratory diseases, rising demand for emergency care, and an increase in the number of grants by the government bodies for the improvement of emergency care infrastructure.
North American bioceramics market is estimated to grow at a CAGR of 5.8% during the forecast period. Some pivotal factors encouraging market growth include the rising dental visits and increasing prevalence of orthopedic disorders in the region. As per America’s Health Rankings, the percentage of adults who had made the dental visit was 67.6% in 2019, increased from 66.4% in 2018. There were 68.2% of people ages 45-64 who had dental visits in 2019, followed by people ages more than 65 (67.9%) and ages 18-44 (64.6%).
Germany bioceramics market is estimated to grow at a CAGR of 5.2% during the forecast period. Germany is one of the key manufacturers of medical devices globally. As per the Germany Trade and Invest, in 2018, nearly 1,300 medical device manufacturers (greater than 20 employees) generated over $34 billion in sales, a rise of over 4.0% compared to 2017. Nearly two-thirds of the country’s sales from medical devices were generated from outside Germany. Exports increased by approximately 6.0% to over $23 billion in 2018.
European bioceramics market is estimated to grow at a CAGR of 5.0% during the forecast period. The increasing number of joint replacement procedures and rising number of dental procedures are some factors driving the market growth. As per the National Joint Registry, UK, the total number of joint replacement procedures recorded was nearly 2.5 million during the period, 2017/18. It is a rise of 9,632 over the previous year.
Asia-Pacific bioceramics market is estimated to grow at a CAGR of 7.2% during the forecast period. The expansion of implants manufacturers is one of the key factors in accelerating the growth of the market. Key implant manufacturers, including the Straumann Group and Medtronic plc, have accelerated investment in their implant portfolios in major Asia Pacific markets.
The global bioceramics market is estimated to grow at a CAGR of 6.7% during the forecast period. The increasing prevalence of orthopedic disorders and rising awareness regarding dental problems are some vital factors encouraging market growth. With the increasing geriatric population, a significant rise in orthopedic disorders has been witnessed over the years. As per the Global Burden of Disease (GBD) data for noncommunicable diseases, it was shown the profound burden of musculoskeletal health disorders.
UK COVID-19 diagnostics market is estimated to see a decline in CAGR of 30.9% during the forecast period. UK is among the top five European countries in terms of the most prevalent COVID-19 incidences.
North American COVID-19 diagnostics market is estimated to see a decline in CAGR of 24.7% during the forecast period. North America is anticipated to make huge contribution to the global COVID-19 diagnostics market.
Latin America COVID-19 diagnostics market is estimated to see a decline in CAGR of 19.5% during the forecast period. Latin America is especially susceptible to the coronavirus coupled with the high levels of poverty.
Japan COVID-19 diagnostics market is estimated to see a decline in CAGR of 14.7% during the forecast period. Japan has a significant share in the global COVID-19 diagnostics market owing to the growing diagnostic tests in the country coupled with the introduction of new diagnostic test for COVID-19 in the country
Indian COVID-19 diagnostics market is estimated to see a decline in CAGR of 19.9% during the forecast period. India has significant scope for COVID-19 diagnostic owing to robust increase in the diagnostic tests in the country coupled with the growing number of positive COVID-19 cases.
Germany COVID-19 diagnostics market is estimated to see a decline in CAGR of 29.6% during the forecast period. An increase in COVID-19 incidences occurred in several federal states of Germany.
France COVID-19 diagnostics market is estimated to see a decline in CAGR of 27.5% during the forecast period. COVID-19 testing has emerged rapidly in France owing to the surge in the daily COVID-19 incidences and government initiatives for free testing of coronavirus.
European COVID-19 diagnostics market is estimated to see a decline in CAGR of 28.2% during the forecast period. European COVID-19 diagnostics market is witnessing optimal growth owing to the expansion of COVID-19 testing capacity in the region.
China COVID-19 diagnostics market is estimated to see a decline in CAGR of 25.1% during the forecast period. China has significant market share in the global COVID-19 diagnostic market owing to the growing number of diagnostic screening in the country coupled with government initiatives for providing rapid screening for COVID-19. For instance, on May 22, 2020, Chinese health authorities in the city of Wuhan claimed that they have tested around 9.8 million people for COVID-19 within 10 days.
Asia-Pacific COVID-19 diagnostics market is estimated to see a decline in CAGR of 22.2% during the forecast period. Asia-Pacific COVID-19 diagnostics market has been growing at a rapid pace owing to the significantly growing screening test in the emerging economies such as India, China, Japan, and the rest of Asia-Pacific countries. China was the first economy that was severely hit by COVID-19 as the country was the epicenter of the COVID-19. The market in the region is mainly growing due to the introduction of various advanced and early detection diagnostics kits in the region.
The medical packaging market is anticipated to grow at a CAGR of 6.1% during the forecast period. The medical packaging market is experiencing good growth owing to the advancing global healthcare sector coupled with increased healthcare spending. Medical packaging plays an important role in protecting any medical device quality throughout the transportation process and hence encourages its safe and effective use.
US cardiovascular devices market is estimated to grow significantly at a CAGR of 6.2% during the forecast period. This growth is backed by the presence of well-developed healthcare infrastructure and awareness for the early and advanced treatment availability of CVD in the country. Moreover, the presence of some of the key players in the US, such as Abbott Laboratories, Boston Scientific Corp., and Edwards Lifesciences Corp., is another major factor augmenting the market growth in the country.
UK cardiovascular devices market is estimated to grow significantly at a CAGR of 5.0% during the forecast period. This growth is backed by the presence of advanced healthcare infrastructure and continuous rise in the prevalence of CVD in the country. UK has the significant number of CVD, CHD, Stroke, heart failure, atrial fibrillation, and other heart patients. According to the British Heart Foundation (BHF), more than 7 million people living with the CVD and about 152,465 mortalities due to CVD.
North American cardiovascular devices market is estimated to grow significantly at a CAGR of 5.6% during the forecast period. This growth is backed by the well-developed healthcare infrastructure and increasing prevalence of CVD in the region. As per the American Heart Association (AHA), around half of the all the US adults, accounting for 116.4 million, are suffering from some type of CVD in 2018, which is expected to increase to 130 million by 2035.
Indian cardiovascular devices market is estimated to grow significantly at a CAGR of 7.2% during the forecast period. This growth is backed by the lack of physical activity, obese population, alcohol consumption, and smoking. For instance, a team of scientists from India found that one in five young adults in India, which amounts to 80 million people, has the problem of high blood pressure. The researchers presented their results at the 70th Annual Conference of the Cardiological Society of India in 2018.
European cardiovascular devices market is estimated to grow modestly, at a CAGR of 3.5%, during the forecast period. The key driving factor of the market in the region is the increasing prevalence of CVD and rising geriatric population, thereby promoting the growth of the market in the near future. European cardiovascular devices market is bifurcated on the basis of type of devices into diagnostic and monitoring devices and surgical devices.
Asia-Pacific cardiovascular devices market is estimated to grow at the CAGR of 6.6% during the forecast period. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. The rising healthcare expenditure of the countries along with the huge R&D investment by major medical devices companies of the region are anticipated to promote the growth of the Asia-Pacific cardiovascular devices market.
LAMEA silent heart attack market is estimated to grow at a CAGR of around 5.4% during the forecast period. Rising incidence and prevalence rate of CVD, CHD, and other heart conditions are creating the demand for the diagnosis and treatment of silent heart attacks in the LAMEA region.
Japan silent heart attack market is estimated to grow at a CAGR of around 7.2% during the forecast period. The possibility of a heart attack in the geriatric population is relatively high as compared to the young population. As per the UN, out of the total 126 million population, about 27% population of the country was above 65 years in 2019.
India silent heart attack market is estimated to grow modestly at a CAGR of around 9.1% during the forecast period. The country is one of the emerging economies globally leading to an increase in healthcare expenditure. Due to the rising disposable income, the expenditure on healthcare services has increased substantially in the country.
France silent heart attack market is estimated to grow considerably, at a CAGR of around 4% during the forecast period. France has a quality healthcare system and favorable government policies which are boosting the silent heart attack market in the country.
China silent heart attack market is estimated to grow considerably at a CAGR of around 7.8% during the forecast period. Increasing heart attacks in China is projected to offer growth to the silent heart attack market in China during the forecast period.
Asia-Pacific silent heart attack market is estimated to grow at a CAGR of around 7.5% during the forecast period. High population base, increasing cases of heart attack, and rising awareness for cardiovascular diseases (CVDs) and other heart conditions among people are some of the major factors that are boosting the market growth in the region.
The US silent heart attack market is estimated to grow modestly at a CAGR of around 6.4% during the forecast period. The US contributes significantly to the growth of the silent heart attack treatment market in North America.
UK silent heart attack market is estimated to grow considerably at a CAGR of around 6.8% during the forecast period. UK has one of the finest healthcare systems in the EU region which enables it to provide quality healthcare to the individual citizens.
North American silent heart attack market is estimated to grow significantly at a CAGR of around 6.8% during the forecast period. North America contributes the major share in the global silent heart attack treatment market, owing to the rising heart patients, increase in FDA approvals, and favorable government policies for healthcare sector.
Germany silent heart attack market is estimated to grow considerably, at a CAGR of around 5.2% during the forecast period. Germany has a considerable market share of the global silent heart attack market due to availability of a quality healthcare system and favorable government policies in the country
European silent heart attack market is estimated to grow modestly, at a CAGR of around 6.5%, during the forecast period. The huge demand for cardiology surgeries and devices and growing lifestyle-oriented diseases such as CVD, CHD, stroke, and other heart related diseases are offering growth to the market in the region
Canada silent heart attack market is estimated to grow modestly at a CAGR of around 8.4% during the forecast period. Canada has a considerable market of silent heart attack treatment due to the huge investment of government in healthcare facilities and the adoption of innovative technologies in the healthcare domain.
The US myocardial infarction (MI) market is estimated to grow modestly at a CAGR of around 6.4% during the forecast period. The US contributes significantly to the growth of the MI treatment market in North America.
UK myocardial infarction (MI) market is estimated to grow considerably at a CAGR of around 7.2% during the forecast period. UK has one of the finest healthcare systems in the EU region which enables it to provide quality healthcare to the individual citizens.
North American myocardial infarction market is estimated to grow significantly at a CAGR of around 6.6% during the forecast period. North America contributes the highest share in the global myocardial infarction treatment market owing to the highest adoption devices and surgeries that are required for the treatment of MI.
LAMEA myocardial infarction market is estimated to grow at the fastest CAGR of around 5.2% during the forecast period. The market is growing considerably owing to the increasing prevalence of hypertension and CVD. As per the study conducted by the Wits University scientists, South Africa has the largest prevalence of hypertension in the southern African region.
Japan myocardial infarction market is estimated to grow modestly at a CAGR of around 7.0% during the forecast period. The growth of the myocardial infarction market in Japan is being supported by innovative and advanced product launches by the key regional market players.
India myocardial infarction market is estimated to grow modestly at a CAGR of around 8.9% during the forecast period. The availability of advanced treatment options in India with the increasing per capita healthcare expenditure is supporting the growth of the myocardial infarction market in the country.
Germany myocardial infarction (MI) market is estimated to grow considerably, at a CAGR of around 5.4% during the forecast period. Germany has a considerable market share of the global MI treatment market due to the massive population of CVD, CHD, MI, and stroke, and the rise in the adoption of cardiology surgeries for Angioplasty and CABG surgeries.
France myocardial infarction (MI) market is estimated to grow considerably, at a CAGR of around 3.9% during the forecast period. The rise in lifestyle-oriented diseases such as CHD, CVD, stroke, and other heart diseases is creating a huge demand for cardiology surgeries in France.
European myocardial infarction (MI) market is estimated to grow modestly, at a CAGR of around 6.2%, during the forecast period. Rising heart patients, cohesive European healthcare policies, rising adoption of minimally invasive/non-invasive surgeries, and technological advancement in MI treatment is boosting the European MI treatment market.
China myocardial infarction (MI) market is estimated to grow modestly at a CAGR of around 7.6% during the forecast period. Increasing heart attacks in the country is projected to increase the myocardial infarction market in China. According to the WHO, CVD causes one-third of the total fatalities each year in China.
Canada myocardial infarction market is estimated to grow modestly at a CAGR of around 8.3% during the forecast period. Canada has a considerable market of myocardial infarction treatment due to the presence of a huge patient pool suffering from persisting heart diseases such as CVD, CHD, stroke, hypertension, and other heart diseases.
Asia-Pacific myocardial infarction market is estimated to grow at the fastest CAGR of around 7.3% during the forecast period. Increasing cases related to CVD and heart attack, increasing healthcare infrastructure, and increasing unhealthy lifestyles among people in the region are some of the major factors for the growth of the market in Asia-Pacific.
The global sepsis diagnostics market is anticipated to grow at a significant CAGR during the forecast period. Sepsis is amongst one of the severe diseases and emerges as a leading cause of fatality globally. It occurs when chemicals released in the bloodstream to fight an infection generates inflammation throughout the body.
The global market for healthcare CDMO is projected to have considerable CAGR of around 7.6% during the forecast period. The growth of the healthcare CDMO market is attributed to the various factors including growing outsourcing by the pharmaceutical and medical device companies, growing investment in the R&D activities across the globe.
The global total ankle replacement market is estimated to grow at a CAGR of nearly 7.0% during the forecast period. Rising prevalence of osteoarthritis, rising demand for minimally invasive joint replacement procedures, and increasing geriatric population are the major factors driving the demand for total ankle replacement procedures.
The global anal fistula therapeutics market is estimated to grow at a CAGR of nearly 4.0% during the forecast period. Rising incidences of inflammatory bowel disease (IBD) is the major factor encouraging the demand for anal fistula therapeutics.
The global companion diagnostics market is growing at a significant CAGR of around 12.8% during the forecast period (2020-2026). Companion diagnostics is referred to as in-vitro diagnostic device or an imaging tool that is used as a companion to a certain class of a therapeutic drug, to determine its relevancy to a patient.
The global cardiovascular devices market is growing at a significant CAGR of around 6.1% during the forecast period (2020-2026). The market is driven by the growing healthcare spending, rising geriatric population, and rising prevalence of cardiovascular diseases (CVD) across the globe.
The global COVID-19 diagnostics industry is estimated to register significant growth over the forecast period 2020-2026. Increased demand for point of care devices along with the availability of the advanced diagnosing systems are primarily driving the growth of the market. The outbreak of COVID-19 has largely impacted the overall diagnostics industry globally.
The global neonatal and prenatal devices market is anticipated to grow at a significant CAGR during the forecast period. The neonatal and prenatal devices are used for the purpose of neonatal care that is given to newborn premature or sick babies in a neonatal unit.
The global HPV testing and Pap test market is anticipated to grow at a significant CAGR during the forecast period. The Pap test and the HPV test are used to screen the cervix for cervical cancer. A Pap test checks the cervix for abnormal cells since these abnormal cells can turn into cervical cancer in most of the cases if they aren't treated.
The global cosmetic surgery market is anticipated to grow at a significant CAGR during the forecast period. The popularity of cosmetic surgery is increasing rapidly in recent times. As per the American Society of Plastic Surgeon report in 2018, around 17.7 million cosmetic procedures were performed in the US alone. The cosmetic surgery procedure was popular in both the genders, in females as well as males.
The medical holography market is projected to grow at a considerable CAGR of around 15% during the forecast period (2020-2026). The growing adoption of the medical holography in the research laboratories and medical academic centers is anticipated to drive the growth of the medical holography market across the globe.
The global market for electrophysiology catheters is projected to have considerable CAGR of around 6.1% during the forecast period. The market is mainly driven due to growing prevalence of CVD related diseases such as cardiac arrhythmias and growing trend for minimally invasive surgical methods.
The global market for cardiac safety services is projected to have considerable CAGR of around 6.1% during the forecast period. The market is mainly driven due to growing investment in the pharmaceutical R&D and drug discovery and strict regulations related to the drug safety across the globe.
The global serology test market is expected to gain traction during the forecast period. Serology refers to the diagnostic identification of the antibodies in the body fluids. Serological tests aids in forming the response to the infection in the body. Serological tests are performed for the diagnosis of any infection or virus suspected in the body. The key factors that are influencing the growth of the market include the need for the diagnosis of various fungal, bacterial, and viral infections.
The global brain implants market is expected to grow at a significant CAGR during the forecast period. Brain implants are those technological devices that directly connect to a biological’s brain for treatment purposes. The goal of these brain implants is to establish a biomedical prosthesis circumventing area in the brain that have become dysfunctional after any head injury or a stroke.
The global body temperature monitoring device market is expected to grow at a CAGR of around 5% during the forecast period. Body temperature monitoring devices are the basic medical equipment aids in determining a patient’s temperature. The primary factors that drive the growth of the market include the wide acceptance of the thermometers amongst the physicians, healthcare providers, and patients for determining the body’s temperature.
The global surgical imaging market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. Rising demand for minimally invasive surgical procedures and increasing prevalence of chronic diseases are primarily contributing to the growth of the market.
The global spina bifida treatment market is estimated to grow at a CAGR of around 7% during the forecast period. Spina bifida is a type of birth defect that happens to infants when the spine and spinal cord don't form properly. Spina bifida is a type of neural tube defect. This defect happens to a developing baby, while in the womb when the spinal cord fails to develop or close properly.
The global medical electrodes market is growing at a significant CAGR of around 4.6% during the forecast period (2020-2026). Medical electrodes are rapidly becoming a vital component in every hospital facility, owing to the rising prevalence of CVD (cardiovascular disease)and neurological disorder across the globe.
The global market for veterinary PoC diagnostics is projected to have considerable CAGR of around 9.5% during the forecast period. The market growth mainly backed by the increasing adoption of PoC diagnosis devices as the demand of early diseases diagnostic of zoonotic diseases across the globe.
The global enteral feeding market is projected to grow at a significant CAGR during the forecast period. Enteral feeding enables in delivering nutrients through the use of a tube into the gastrointestinal tract. Patients that are unable to swallow or digest an adequate amount of food and have the proper intestinal functional capacity are fed through this tube.
Incubator devises market is projected to grow at a considerable CAGR of around 6% during the, forecast period (2019-2025). The increasing number of premature births across the globe is a major factor to drive the incubator devices market during the forecast period.
The global medical device technology market is growing at a significant CAGR of around 5.4% during the forecast period (2020-2026). Medical device technologies ae referred to the technologies that can assist a healthcare provider in performing diagnosis, treatment and treatment of certain medical condition using medical devices.
The global urodynamic equipment& consumables market is estimated to grow at a CAGR of 4.0% during the forecast period. The major factors contributing to the growth of the market include rising prevalence of the disease such as benign prostatic hypertrophy, bladder cancer, neurogenic bladder dysfunction and overactive bladder. Urodynamic evaluation is a procedure to determine how well the bladder, sphincters and urethra are storing and releasing urine.
The medical protective equipment market is projected to grow at a considerable CAGR of around 9% during the forecast period (2019-2025). The growing demand for personnel safety at medical facilities, technological advancement in the medical protective equipment market along with the outbreak of COVID-19 pandemic is the key factor to promote the growth of the medical protective equipment market.
Glaucoma surgery devices market is projected to grow at a considerable CAGR of around 7% during the forecast period (2019-2025). Rising geriatric population is a major factor that is anticipated to drive the growth of the glaucoma surgery devices industry during the forecast period. The geriatric population is expanding across the globe as the life expectancy and overall health have dramatically improved during recent years.
The global market for single-use medical device reprocessing is estimated to have a significant CAGR during the forecast period. The market is mainly driven due to increasing use of reprocessed single use medical devices owing to the cost-effectiveness of the devices.
The global bionics market is estimated to grow at a CAGR of nearly 9.0% during the forecast period. Some crucial factors encouraging market growth include the increasing demand for organ transplantation and a significant rise in neurostimulation procedures.
The global c-arms market is growing at a significant CAGR of around 3.2% during the forecast period (2019-2025). C-arm fluoroscopic X-ray systems are used for a variety of diagnostic imaging and minimally invasive surgical procedures.
The global radiotherapy market is estimated to grow at a CAGR of over 6% during the forecast period. Radiation therapy or radiotherapy is a cancer treatment that utilizes high doses of radiation to eliminate cancer cells and shrink tumors. At low doses, radiation is used in x-rays to see inside the body. Increasing incidences of cancer are one of the primary factors driving the growth of the market.
The global neurology devices market is estimated to grow at a CAGR of nearly 9.0% during the forecast period. The major factors contributing to the market growth include rising demand for minimally invasive procedures and a significant rise in the prevalence of neurological disorders, including Parkinson’s and Alzheimer’s disease. There is an increasing demand for minimally invasive techniques for neurological procedures owing to its significant benefits as compared to traditional procedures.
The global market for mammography is estimated to grow at CAGR of around 12.9% during the forecast period. The market is mainly due to growing prevalence of breast cancer coupled with increasing diagnosis rates across the globe. As per the American Institute for Cancer Research, breast cancer is the most common cancer in women and the second most common cancer overall across the globe. There were more than 2 million new cases of breast cancer diagnosed in 2018 across the globe.
The global market for live cell imaging is estimated to have a CAGR of around 8.7% during the forecast period. The market is mainly driven due to growing prevalence of cancer, increasing application of high content screening and cell culture in drug discovery. Cancer is one of the fatal diseases increasing rapidly across the globe. Cancer involves the development of abnormal cells which spread on mammoth scale and have potential to destroy other normal cells.
The global market for diagnostic imaging equipment is estimated to have a significant CAGR during the forecast period. The increasing prevalence of chronic disease is estimated to be one of the major factors that are driving the growth of the global diagnostic imaging equipment market. Chronic disease includes arthritis, CVDs, asthma, cancer, and chronic obstructive pulmonary disease (COPD).
The global market for capnography devices is estimated to have significant CAGR during the forecast period. The market is mainly due to growing demand of point of care capnography devices, growing number of surgeries coupled with increasing patient monitoring across the globe. The increasing public awareness regarding treatment of cardiac diseases is one of the major opportunities that are boosting the growth of capnography devices market.
The global orthodontic supplies market is estimated to grow at a significant CAGR of nearly 9.0% during the forecast period. The major factors contributing to the market growth include the increasing demand for orthodontic treatment and the rising number of orthodontists. There is an increasing demand for orthodontic treatment among children and adults for medical or cosmetic need.
The global microcarrier market is growing at a significant CAGR of around 6.0% during the forecast period (2019-2025). The market is driven by the rising demand for cell-based vaccines and single-use technology. For instance, in UK, major governmental funding organizations such as the Medical Research Council (MRC), BBSRC, and Innovate UK, had invested $191.8 million into stem cell research and regenerative medicine in 2014-2015.
The global microtome market is estimated to grow at a CAGR of over 5% during the forecast period. Microtome tools are utilized for cutting extremely thin slices of material, for the preparation of samples for observation under transmitted light or electron radiation. Steel, glass, or diamond blades are usually used for the microtome devices depending upon the specimen that is to be sliced of desired thickness.
The global life science Instrumentation market is projected to have a considerable CAGR during the forecast period. The market growth mainly backed by the growing various chronic diseases such as cancer, CVD coupled with increasing pharmaceutical R&D, increasing investment in the life science research, and others.
The global prosthetics and orthotics market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. Some key factors contributing to the growth of the market include the rising number of sports injuries, rising number of accidents, and the significant number of patients with musculoskeletal conditions.
The global infusion pump market is growing significantly, at a CAGR of 5.0% during the forecast
period (2019-2025). An infusion pump is a
medical device which is used to deliver different kind of fluids, such as
nutrients and medications, into a patient’s body in a controlled manner.
COVID-19 outbreak has seen a short-term impact on UK economy. Most of the companies have been shutdown their manufacturing operations in the country coupled with the government orders to temporarily suspend production to limit the coronavirus epidemics. However, the country’s healthcare infrastructure is under pressure due to the escalating demand for essential medical equipment, including ventilators, to treat patients with COVID-19 pandemic.
The US is the leader in the global medical device industry. As per the International Trade Administration, the US generated a revenue of $156 billion in 2017, which accounted for 40% of the global medical device industry. The US medical device companies are renowned globally owing to their high technology and innovative products. Even though the country has a significant share in medical device, it is currently facing a shortage of essential medical equipment amid COVID-19 outbreak.
As the whole world is fighting against COVID-19, the demand for ventilators has emerged significantly in healthcare facilities. Ventilators are mechanical breathing devices that are used to blow oxygen and air into the lungs. These devices are important for delivering care to people suffering from lung failure, which is one of the complications among patients with severe COVID-19.
With the surging cases of coronavirus in India, the major challenge is faced by the hospitals to offer critical care to every patient. Ventilators are key medical equipment required for the treatment of COVID-19 patients, as they have a major issue in breathing. Ventilators support breathing to the patients by delivering oxygen into the lungs and eliminate CO2 from the body.
The global diabetic retinopathy market is estimated to grow at a CAGR of over 6% during the forecast period. Diabetes is one of the critical causes of blindness and blurred vision in adults. As the number of peoples suffering from diabetes increases, the prevalence of diabetic retinopathy increases. In the early stages, diabetic retinopathy may show symptoms such as changes to eyesight and vision and can damage eyes, and if not treated properly, it can damage vision permanently.
The global bone growth stimulators market is estimated to register a CAGR of over 5% during the forecast period. The bone growth stimulators are the medical devices that are utilized by the patient in the case of cervical or lumbar spine surgery, as it boosts spinal bone after a fracture. The advanced bone growth stimulators facilitate multi-level fusions, the efficiency of which plays a key role in the aftercare of patients with spine fusion surgeries.
The global urology endoscopes market is estimated to grow at a CAGR of over 7% during the forecast period. Urology endoscopes are the devices utilized for the diagnosis and detection of urological disorders. These devices aid inthe treatment and detection of disorders such as percutaneous nephrolithotomy (PCNL), bladder tumors, urethral obstruction, transurethral resection of the prostate (TURP), and ureteroscopic stone removal, among others.
The global medical device cleaning market is estimated to grow at a CAGR of over 6% during the forecast period. Medical device cleaning is a vital and integral part of any medical procedure. The medical devices are needed to be cleaned and sterilized before being utilized in any medical procedures for the prevention of any kind of infection and cross-contamination among patients and healthcare workers.
Cardiac holter monitor market is anticipated to grow at a significant CAGR of 7.0% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as the growing prevalence of cardiovascular disorders and the shift in the trend toward ambulatory monitoring devices. The improvements in telemetry and the rise in investment for early arrhythmia identification further drive the global market. According to the National Center for Biotechnology Information (NCBI), in September 2022, commercially available digital technologies, such as wearables, have long been promoted in the context of fitness and wellbeing, with global sales predicted to reach 525 million by 2025.
The global market for HPLC is estimated to have a CAGR of around 5% during the forecast period. HPLC instrument has the ability to separate and identify the biological component that is present in any sample. HPLC has been used in a wide range of industrial and scientific applications includes biopharmaceuticals, forensics, and chemicals.
The global customer communication management market is projected to grow at a considerable CAGR during the forecast period. Customer communication management solutions are an essential crucial and integrated part of building customer loyalty for any company that enables it to enhance its business.
The global ureteral stents market is anticipated to grow at a significant CAGR during the forecast period 2019-2025. The factors such as the rising incidence of kidney diseases, growing adoption of minimally invasive surgeries and technological advancement in ureteral stents have shown a positive impact on the growth of the ureteral stents over the forecast period. According to the National Institute of Diabetes and Digestive and Kidney Disease (NIDDK), kidney stones are common and its prevalence is rising significantly.
The neurovascular devices market is anticipated to grow at a CAGR 6.2% during the forecast period. The factors such as proactive government initiatives, increasing consumer awareness and large demand for minimally invasive surgeries have shown a positive impact on the growth of the neurovascular devices industry. The advancement in technology in the healthcare industry and the rising number of neurovascular procedures across the globe propel the growth of the market during the forecast period.
The medical drones market is anticipated to grow at a significant CAGR during the forecast period. Medical drones are the enhanced version of aerial vehicles that are used for delivering medical necessity in the emergence areas from the medical facilities. Medical drones are in the R&D phase that requires technological enhancement to deliver packages efficiently with minimal time. The rising adoption of logistic services and medical services have shown a positive impact on the growth of the medical drones market during the forecast period.
The global intrauterine devices market is anticipated to grow at a significant CAGR during the forecast period. Intrauterine devices are T shaped device, containing levonorgestrel or copper that is injected into the uterus. These devices are considered as an effective way of reversible birth control and a form of long-acting contraception. These devices are gaining popularity globally as they are more effective, long-acting,and secure.
The intragastric balloon market is anticipated to grow at a significant CAGR during the forecast period. The factor such as the growing preference of minimally invasive surgeries, growing commercial availability of the product and non-eligibility of obese patients for the surgical procedures propels the growth of the intragastric balloon market during the forecast period. Moreover, advancement in technology and innovation along with the decreasing cost of the procedures has shown a positive impact on the growth of the intragastric balloon industry.
The global hearing aids market is estimated to grow at a lucrative CAGR of over 6.5% during the forecast period. The primary factors that drive the growth of the market increasing geriatric population coupled with increased prevalence of hearing impairment and technological advancement in the field of hearing aid industry. According to the United Nations, the number of people aged 60 years and more in 2017 was 962 million. This number is expected to get doubled by 2050 and tripled by 2100.
The global thrombectomy devices market is estimated to generate significant market value. The primary factors that drive the thrombectomy devices market include the increasing rates of the strokes, especially, in the geriatric populations and increasing demand for minimally invasive procedures.
The global skin tear treatment market is expected to witness a significant growth rate of around 6% during the forecast period. Skins tear injuries results in partial or full separation of the outer layer of the skin. The changes in the skin that occur with the aging process make the skin more fragile, wrinkled, and furrowed, resulting in a more prone area for any skin tears.
The global dermatology devices market is estimated to grow significantly, at a CAGR of over 13% during the forecast period. The major factors contributing to the market growth include growing infections in hospitals and laboratories, coupled with the increasing surgical procedures in hospitals. As per the American Society of Plastic Surgeons (ASAPS) in 2017, surgical procedures accounted for 60% of the total expenditures of healthcare and nonsurgical procedures accounted for 40% of the total expenditures in the US.
The global cochlear implants market is expected to grow at a CAGR of more than 8% during the forecast period. The market growth is attributed to the rising geriatric population that generates a large patient pool, increasing demand for product customization, and the advent of rechargeable cochlear implants. Further, increasing cases of hearing losses across the globe further gives a boost to the growth of the market.
The global Crohn’s disease market is estimated to grow at a significant CAGR of 4.2% during the forecast period. Crohn's disease inflammation spreads into the layers of affected bowel tissues. Crohn's disease is painful and may lead to life-threatening complications.
The global personal mobility devices market is growing at a moderate CAGR of around 6.0% during the forecast period. The market growth is driven by the growing number of disability cases due to road accidents and the increasing incidence of spinal cord injuries. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the annual incidence of spinal cord injury is approximately 54 cases per one million people, or nearly 17,730 new spinal cord injuries cases each year.
The patient lifting equipment market is anticipated to grow at a CAGR of more than 10.0% during the forecast period. A patient lifting is an assistive device that enables a caregiver to transfer a patient with limited mobility from bed to chair. It is operated through hydraulic manual pumping and electric motor.
Manufacturing Industry involves designing, processing, and preparation of products from commodities and raw materials. This includes automobile, chemical, food and beverage, machinery, electronic, and other industries.
The global ventilators industry is projecting an exponential growth rate during the COVID-19 outbreak. The pandemic has released a continuous requirement for ventilators; however, the affected countries are facing a challenge with the shortage of ventilators.
Audiology devices market is anticipated to grow at a CAGR of 6.8% during the forecast period. The factors such as the high prevalence of hearing disorders, increasing incidence of impairment, and loss of hearing in the younger generations are anticipated to show a positive impact on the growth of the audiology devices market during the forecast period.
Corneal implants market is expected to grow at a CAGR of 6.3% during the forecast period. The market is growing attributed to rising in the incidences of corneal blindness along with the lack of human cornea donors. The other factor that will propel the growth of corneal transplant surgery is the increasing aging population that demands corneal transplants. According to the Eye Bank Association of America, there were approximately 85,411 cornea implants were done alone in America in 2018.
The global orthopedic braces and supports market is estimated to grow at a CAGR of 6.1% during the forecast period. The major factors contributing to the growth of the market include the significant prevalence of orthopedic disorders and rising number of sports injuries. As per the National Safety Council (NSC), in the US, in 2017 personal exercise, with or without exercise equipment, accounted for some 526,000 injuries, the highest category of sports and recreation.
Autotransfusion systems market is estimated to grow at a CAGR of 5.6% during the forecast period. The major factors contributing to the market growth include the rising number of surgeries, increasing demand for organ transplantation, and emerging focus on patient blood management. The rising number of organ transplantation procedures have witnessed over the years. For instance, as per the Global Observatory on Donation and Transplantation (GODT), in 2017, the number of organs transplanted was 139,024, which increased to 7.3% over 2015.
The global cardiac catheter market is projected to grow modestly, at a CAGR of around 7.4% during the forecast period. The cardiovascular catheter industry is growing at a significant rate due to the increasing incidence of heart diseases and other cardiovascular problems. Rising in the adoption of minimally invasive procedures with better medical imaging, the presence of a large number of dominating market players and increasing use of biosensors are some other factors offering growth to the global cardiac catheter market.
The US colonoscopy devices market is estimated to grow modestly at a CAGR of 5.4% during the forecast period. The US is a major contributor to the growth of the colonoscopy devices market. The significantly high number of cases pertaining to colorectal cancer and other colon-related diseases along with easy access to its treatment is anticipated to drive the growth of colonoscopy devices market.
UK colonoscopy devices market is estimated to grow considerably at a CAGR of 6.0% during the forecast period. UK comprises nations such as England, Scotland, Wales and Northern Ireland with a total population of the country in 2017 around 65 million, as per the European Commission. Inflammatory bowel disease is one of the key chronic digestive diseases prevalent in the country. The disease is caused by a number of factors including the unhealthy lifestyle such as smoking, alcohol consumption, and so other.
North American colonoscopy devices market is estimated to grow moderately at a CAGR of 5.5% during the forecast period. North America is estimated to have a significant share in the market owing to well-developed healthcare infrastructure, significant per capita health expenditure, and growing incidence of colorectal cancer across the region.
Germany colonoscopy devices market is estimated to grow considerably, at a CAGR of 5.4%, during the forecast period. Germany is estimated to contribute significantly to the European colonoscopy devices market over the forecast period owing to the growing geriatric population. In 2019, out of 83.5 million people, around 22% of the total population in the country is above 65 years.
The European colonoscopy devices market is estimated to grow modestly, at a CAGR of 5.2%, during the forecast period. Europe contributes a significant share in the colonoscopy devices market. The major factor contributing to the regional growth of the market include a growing burden of colorectal cancer and increasing cancer prevention initiatives. According to the WHO, in Europe, colorectal cancer is considered the second-most common cause of cancer mortality in men and women.
China colonoscopy devices market is estimated to grow considerably at a CAGR of 6.7% during the forecast period. China holds a significant share in the colonoscopy devices market. This has resulted due to the increasing prevalence of colon cancer and colorectal cancer researches in China.
Asia-Pacific colonoscopy devices market is estimated to grow significantly at a CAGR of 6.5% during the forecast period. The major economies which are contributing to the market are China, India, South Korea, and Japan. These economies are calculated to be a significant contributor in the colonoscopy devices market of the region. Along with these economies, Australia, Indonesia, and Thailand are the other major regions with advanced healthcare facilities and will show a significant growth rate during the forecasted period.
Asia-Pacific women health diagnostics market is growing at a CAGR of approximately 9.7% during the forecast period. The Asia-Pacific is one of the developed economies of the world, according to World Bank, the GDP of Asia-Pacific is around $24.5 trillion in the year 2018, which indicates huge growth opportunities for the multinational players to invest.
Canada Women Health Diagnostics market is growing at a CAGR of approximately 10.0% during the forecast period. According to the Heritage Foundation and government of Canada, the total population of Canada in the year 2018 is around 36.2 million out of which around 19 million is women, the GDP of this region is $ 1,7 trillion and per capita income is $ 46,000. Canada’s economic competitiveness has been sustained by a strong rule of law and the solid institutional foundations of an open-market system.
China women health diagnostics market is growing at a CAGR of approximately 10.0% during the forecast period. China is one of the major countries in the women healthcare diagnostics market. China is one of the fastest-growing economies of the world with a GDP of over $21.3 trillion, with around $ 15,400 per capita. Increasing healthcare infrastructure in China is one of the major factors that is driving the growth of the China women health diagnostics market.
European women health diagnostics market is growing at a CAGR of approximately 9.1% during the forecast period. According to WHO, there are more than 470 million women living in the European Region, representing just over half of the total population. Understanding women’s health is therefore central to understanding the demographic and epidemiological changes, such as aging and migration, occurring in this very diverse Region.
Germany women health diagnostics market is growing at a CAGR of approximately 9.4% during the forecast period. Germany is expected to grow owing to various factors including government support towards women health. Health insurance is one of the major guidelines enforced by the government of Germany, health insurance is mandatory for all citizens and permanent residents of Germany, which is expected to increase the Germany women health diagnostic during the forecast period.
Indian women health diagnostics market is growing at a CAGR of approximately 9.5% during the forecast period. Increasing healthcare infrastructure is estimated to be one of the major factors that are driving the growth of the Indian women health diagnostics market. Over the past few years, a tremendous growth in health sectors in India has been witnessed, along with the increased healthcare spending.
Japan women health diagnostics market is growing at a CAGR of approximately 9.0% during the forecast period. According to the Ministry of Health, Labor and Welfare of Japan, cancer is an urgent public health challenge in Japan, especially for women. Over 340 thousand new cases are reported every year with female breast cancer being among the most common with 65 thousand new incidences.
LAMEA women health diagnostics market is growing at a CAGR of approximately 8.0% during the forecast period. The key influencing factors include the increased prevalence of smoking, poor diet, consumption of alcohol is highest amongst LAMEA’s, this gives rise to lifestyle-related diseases such as diabetes, stroke, heart-related disorders, cancer and so on are leading causes of mortalities amongst women in this region.
North American women health diagnostics market is growing at a CAGR of approximately 10.2% during the forecast period. There are many major factors that augment this region in the forecasted year such as rising awareness about fertility testing in women, increasing lifestyle-related diseases in this region, supportive government initiatives for the growth and development of women diagnostic infrastructure and so on.
UK women health diagnostics market is growing at a CAGR of approximately 9.3% during the forecast period. The UK is one of the major countries in the European region, there are many factors such as rising cancer in women, growth of healthcare infrastructure and so on which augment the UK women health diagnostic market. According to the index of economic freedom, the population of the UK in the year 2018 is around 65.6 million.
US Women Health Diagnostics market is growing at a CAGR of approximately 10.3% during the forecast period. The US is considered one of the most technologically advanced regions in the American region, many major diagnostic market players are situated in the US. The health expenditure of this region in the year 2018 was around $ 3.6 trillion and is anticipated to grow in the near future.
Global metallic spinal implants market is anticipated to grow at a CAGR around 5.1% during the forecast period. Most spinal implants are developed from metals, including stainless steel, titanium, or titanium-alloy, which in turn, has contributed to the largest share of metallic spinal implants market during the forecast period. Metals used in spinal implants include surgical grade stainless steel, cobalt-chromium (Co-Cr) alloys and pure commercial titanium or titanium alloys.
US Spinal Implants market is anticipated to grow at a CAGR around 5.2% during the forecast period. The US spinal implants market is growing attributed to the growing spine injuries along with the growing implant procedures and the increased adoption of minimally invasive spine surgeries. For instance, according to the NSCISC (National spinal cord injury statistical center), in 2018, the size of the US population was approximately 328 million people.
UK Spinal Implants market is anticipated to grow at a CAGR around 5.9% during the forecast period. The factor such as rising geriatric population, a significant prevalence of spinal injuries, and increasing adoption of minimally invasive surgeries are some of the major influencing factors for the market growth. As per National Health Services (NHS) England, the number of people injured or diagnosed with spinal cord injury in UK is nearly 2,500 per year.
North American Spinal Implants market is anticipated to grow at a CAGR around 5.2% during the forecast period. North American spinal implants market owing to the rising number of spinal fusion procedures and technological innovations in spine implants. The increase in spinal fusion surgeries has been primarily resulting in the country owing to the significant aging population base in the North America.
Latin America spinal implants market is anticipated to grow at a CAGR around 5.9% during the forecast period. The market in Latin America is fueled by the aging population, emerging technologies such as fusion, fixation, decompression and motion preservation within the industry and increasing access to healthcare in these promising economies such as Brazil and South Africa.
Japan spinal implants market is anticipated to grow at a CAGR around 6.1% during the forecast period. One of the major factors that significantly drive the market is the surging pool of aging populations across the country. As researchers, aged people are more likely to develop chronic back pain. These chronic back pains are largely treated by the minimally invasive spinal implant, hence, contribute to the market growth.
Italy Spinal Implants market is anticipated to grow at a CAGR around 4.0% during the forecast period. Italy spinal implant market is estimated to witness an optimistic growth owing to the growing incidences of spinal disorders, the aging population base, and the increasing adoption of minimally invasive surgeries in the country. A significant incidence of spinal disorders is mainly associated with the aging population base in the country.
Indian Spinal Implants market is anticipated to grow at a CAGR around 9.5% during the forecast period. A lucrative growth is expected in the market due to developing healthcare infrastructure, rising aging population, increasing disposable income and rising awareness toward spine-related health problems. The spine-related disorders along with the lower back pain & slipped disc are among the most common problems in the country.
Germany Spinal Implants market is anticipated to grow at a CAGR around 3.6% during the forecast period. Germany is estimated to dominate the spinal implant market over the forecast period. Major factors that are augmenting the country’s business growth include a well-developed medical device industry, increasing adoption of minimally invasive surgeries, and an increasing number of spine surgeries.
France Spinal Implants market is anticipated to grow at a CAGR around 4.6% during the forecast period. France spinal implant market has been witnessing considerable growth due to the rising aging population and the growing prevalence of neurodegenerative diseases in the country. According to Fondation de France, currently, one in five people in France is above 60 years old. According to the Insee National Statistics of France, the French population is growing constantly and at the starting of 2018, there were 67.2 million people living in France.
European Spinal Implants market is anticipated to grow at a CAGR around 4.4% during the forecast period. Significant growth in the European spinal implant market has been witnessed due to surging aging population base susceptible spinal disorders, increasing adoption of minimally invasive surgeries, well-developed healthcare infrastructure and increasing healthcare expenditure in the Europe.
China Spinal Implants market is anticipated to grow at a CAGR around 5.7% during the forecast period. China is estimated to dominate the Asia-Pacific spinal implants market over the forecast period. Major factors that are augmenting the growth of the market in the country include surging aging population coupled with increasing chronic back pain problems and growing incidence of other spinal cord injuries that is likely to increase the chances of spinal implants.
Asia-Pacific Spinal Implants market is anticipated to grow at a CAGR around 6.4% during the forecast period. The Asia-Pacific region is estimated to be a potential market for spinal implants due to a growing aging population coupled with the increasing prevalence of spinal disorders across the major economies of the Asia-Pacific.
US fusion spinal implants market is anticipated to grow at a CAGR around 4.9% during the forecast period. The US fusion spinal implants market is growing attributed to the growing spine injuries along with the growing implant procedures and the increased adoption of minimally invasive spine surgeries. For instance, according to the NSCISC (National spinal cord injury statistical center), in 2018, the size of the US population was approximately 328 million people.
UK fusion spinal implants market is anticipated to grow at a CAGR around 5.3% during the forecast period. The factor such as rising geriatric population, a significant prevalence of spinal injuries, and increasing adoption of minimally invasive surgeries are some of the major influencing factors for the market growth. As per National Health Services (NHS) England, the number of people injured or diagnosed with spinal cord injury in UK is nearly 2,500 per year.
North American fusion spinal implants market is anticipated to grow at a CAGR around 4.5% during the forecast period. North American fusion spinal implants market owing to the rising number of spinal fusion procedures and technological innovations in spine implants in the market. The increase in spinal fusion surgeries has been primarily resulting in the country owing to the significant aging population base in the North America.
Global fusion spinal implants market is anticipated to grow at a CAGR around 4.8% during the forecast period. The factor contributing to the fusion spinal implants market growth is the increase in the number of spinal surgeries during the forecast period. These implants are used during spinal fusion procedures and are normally used in combination with a bone graft.
European fusion spinal implants market is anticipated to grow at a CAGR around 4.2% during the forecast period. Significant growth in the European fusion spinal implants market has been witnessed due to surging aging population base susceptible spinal disorders, increasing adoption of minimally invasive surgeries, well-developed healthcare infrastructure and increasing healthcare expenditure in the Europe.
Asia-Pacific fusion spinal implants market is anticipated to grow at a CAGR around 5.9% during the forecast period. The Asia-Pacific fusion spinal implants market is estimated to have a potential growth due to a growing aging population coupled with the increasing prevalence of spinal disorders across the major economies of the Asia-Pacific.
US near infrared imaging market is anticipated to grow at a CAGR around 9.3% during the forecast period. The factors such as high healthcare expenditure, presence of key player, rising prevalence of cancer patients and rising CVD patient pool is anticipating to fuel the growth of the US near infrared imaging market during the forecast period.
UK near infrared imaging market is anticipated to grow at a CAGR around 9.0% during the forecast period. According to World Bank, UK is one of the leading economies across the globe and has a significant market for near infrared imaging. The major factors that are increasing the market are high prevalence of cancer and cardiovascular disease in the UK, well-developed healthcare infrastructure and presence of market players in the nation.
North American near infrared imaging market is anticipated to grow at a CAGR around 9.3% during the forecast period. Factors that are contributing in the market growth include increased case of chronic disease such as various types of cancer and cardiovascular disease and high healthcare expenditure. Rising number of cancer patients are considered to be one of the major factors that are driving the growth in the North American market.
Latin America near infrared imaging market is anticipated to grow at a CAGR around 6.6% during the forecast period. The Latin America region has the significant growth in the NIR imaging market owing to advancement in medical healthcare facilities which encourage the diagnostics of cardiovascular disease and cancers. Government support and involvement of WHO from the last two decades enable to promote awareness and promoted health coverage (Insurance) in low-middle income countries.
Japan near infrared imaging market is anticipated to grow at a CAGR around 9.9% during the forecast period. The near infrared imaging has the significant market in Japan due to increase in the healthcare expenditure, increase of chronic disease and better healthcare infrastructure. Additionally, Japan’s rapidly increasing healthcare costs is driven by an increasing research and development in life science and increasing chronic diseases, as well as the emergence of innovative and expensive treatments.
Indian near infrared imaging market is anticipated to grow at a CAGR around 11.0% during the forecast period. The near infrared imaging market is driving by the increase prevalence of chronic diseases such as cardiovascular and cancer. India has witnessed increasing cases of cancer in the past few years. According to Indian Council of Medical Research (ICMR), the most common cancers in males are of mouth/pharynx, prostate stomach, lung/bronchi and oesophagus Indian economy is growing at a modest rate around 7% due to huge advancement in various domains such as healthcare, IT, automobile, energy and so on.
Germany near infrared imaging market is anticipated to grow at a CAGR around 10.1% during the forecast period. The factor such as increasing geriatric population, presence of highly specialized urologists for cancer treatment and a little low cost as compared to UK are the factors that are contributing to the growth of the market. Germany has quality healthcare system and favorable government policies which are driving the market.
France near infrared imaging market is anticipated to grow at a CAGR around 9.1% during the forecast period. According to world cancer research fund international, France has the 3rd highest rate of the breast cancer among European Union. There has been improvement in the technology in breast cancer detection technology including improvements in current techniques and new detection strategies aimed at finding distinctive molecular signatures of a pre-malignant or malignant breast tumor.
European near infrared imaging market is anticipated to grow at a CAGR around 8.9% during the forecast period. Europe is considered as one of the major regions in the near infrared imaging market as it has a high healthcare expenditure and infrastructure. There are several nations in the Europe, who spends high expenditure on healthcare such as Sweden, Germany, France, UK, Italy, Spain and others.
China near-infrared imaging market is anticipated to grow at a CAGR around 10.3% during the forecast period. The driving factors that augmented the market include the prevalence of chronic diseases such as cardiovascular and cancer diseases. The cancer is the fifth leading cause of mortality in China related to lung and bronchus, stomach, colorectum, esophagus, liver.
Asia-Pacific near infrared imaging market is anticipated to grow at a CAGR around 10.2% during the forecast period. The Asia-Pacific near infrared imaging market has the significant growth due to the increase prevalence of chronic diseases in the China, India, Japan and rest of APAC countries.
The US cardiac catheter market is estimated to grow significantly during the forecast period. The market is mainly driven due to the increasing prevalence of CVD in the country couped with technological advancement in catheter technology further propel the growth of the market.
UK cardiac catheter market is estimated to grow considerably at a CAGR of around 7.0% during the forecast period. UK has one of the finest healthcare systems in the EU region which enables it to provide quality healthcare to its individual citizens.
The North American cardiac catheter market is estimated to grow significantly during the forecast period. North America's cardiac catheter market is projected to grow due to the highest consumption of cardiac catheter devices and surgeries.
Germany cardiac catheter market is estimated to grow considerably at a CAGR of around 7.7% during the forecast period. Germany has a considerable market share in the global cardiac catheter market, due to the massive population of CVD, CHD & stroke and rise in the adoption of the cardiac catheter for the diagnosis of CVD and other heart-related diseases.
European cardiac catheter market is estimated to grow significantly during the forecast period. The market is mainly driven due to growing heart-related diseases such as CVD, CHD, and stroke. Europe has the highest rates for CVD, CHD and other heart diseases which create a huge demand for diagnosis of cardiac diseases.
The US pain management devices market is estimated to grow at a CAGR of more than 6% during the forecast period. The factors that are contributing to the market growth include increased R&D and high healthcare expenditure. The region has a well-developed healthcare infrastructure and a large number of biotech companies.
The UK pain management devices market is estimated to grow at a CAGR of more than 6% during the forecast period. Chronic and acute pain conditions are becoming one of the prominent causes of suffering and disability across the globe. Pain can co-occur with the mental and emotional difficulties in an individual. Moreover, pain can be associated with anxiety and depression which can lead to complexity in pain management for the patients.
The North American pain management devices market is estimated to grow at a CAGR of more than 6.5% during the forecast period. The factors that are contributing to the market growth include increased R&D and high healthcare expenditure. The region has a well-developed healthcare infrastructure and a large number of biotech companies.
The German pain management devices market is estimated to grow at a CAGR of around 8.5% during the forecast period. Joint paint and acute and chronic pain are becoming one of the most common diseases across Germany, this is subsequently leading to the loss of quality of life. As the average age of the population across the Germany increase, the prevalence of acute and chronic pain is expected to increase significantly in the country.
The European pain management devices market is estimated to grow at a CAGR of more than 7% during the forecast period. In the majority of the countries across Europe the average age of the population is increased considerably from the past years.
The Asia-Pacific pain management devices market is estimated to grow at a CAGR of more than 8.5% during the forecast period. The major countries which are contributing to the market include China, India, and Japan. China is the biggest market for the pain management devices market. The Asia-Pacific region has a potential market due to the increasing R&D and investments by big pharmaceutical companies in life science research.
The US electrophysiology devices market is estimated to grow at a CAGR around 8% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure and arrhythmia coupled with the presence of well-established healthcare facilities in the region. Further, technical advancements resulted in the high adoption of the electrophysiology device and increasing catheter ablation centers and hence increasing procedures, which in turn, is driving the market growth in the US.
The UK electrophysiology devices market is estimated to grow at a CAGR of more than 8% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure, arrhythmia, and other heart diseases. As electrophysiology devices have major applications in determining heart failure rates, the rising number of heart failures in the region tends to drive the electrophysiology devices market during the forecast period.
The North American electrophysiology devices market is estimated to grow at a moderate CAGR around 8% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure and arrhythmia coupled with the presence of well-established healthcare facilities in the region.
The European electrophysiology devices market is estimated to grow at a CAGR of more than 7% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure, arrhythmia, and other heart diseases. As per the European Heart Network (EHN) in 2017, on average around 3.9 million fatalities and more than 1.8 million fatalities have been observed in Europe and the European Union respectively.
The Asia-Pacific electrophysiology devices market is estimated to grow at a CAGR of more than 8% during the forecast period. The major economies contributing to the regional growth of the market include China, India, and Japan. Atrial fibrillation is among the most common persistent arrhythmia witnessed in the adult population of China.
The United State infusion therapy devices market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 5.0% during the forecast period. High incidence and prevalence of chronic diseases including diabetes, cancer, and others are one of the major factors for the considerable market share of the country.
The UK infusion therapy devices market is anticipated to grow at a CAGR of 5.8% during the forecast period owing to the increasing prevalence of chronic diseases, such as cancer and diabetes and emerging demand for home infusion therapy in the country. As per the International Agency for Research on Cancer (IARC), in 2018, the number of new cancer incidences reported in the country was 446,942. Prostate cancer and breast cancer had the largest number of new cancer incidences in UK.
The North American infusion therapy devices market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 5.0% during the forecast period. The market growth is driven by the increasing aging population and the rising incidence of chronic diseases such as diabetes, cancer, and others. Moreover, the rising number of surgeries performed in hospitals and ambulatory care settings, rising demand for diabetes management devices are contributing to the market growth in North America.
The LAMEA infusion therapy devices market is anticipated to grow at a CAGR of more than 6.5% during the forecast period. The prevalence of chronic diseases including diabetes and cancer are high in the region however lack of awareness, poor healthcare infrastructure in African countries, and low healthcare expenditure are some of the major factors for the small market in the region.
Japan infusion therapy devices market is growing at a CAGR of 6.5% during the forecast period. The market is driven by the increase in the prevalence of chronic disease and health care infrastructure with the development of new technology. Among major global economies, Japan has the highest percentage of the geriatric population. Various cancers are more commonly found in the elderly age group.
Indian infusion therapy devices market is growing at a CAGR of 8.5% during the forecast period. The rising prevalence and incidence of chronic disease in the region are the major factors contributing to the growth of the market. According to WHO, in contrast to other world regions, the proportions of cancer mortality in Asia and Africa (57.3% and 7.3% respectively) are higher than the proportions of incident cases (48.4% and 5.8% respectively) in 2018.
The Germany infusion therapy devices market is anticipated to grow at the CAGR of 4.2% during the forecast period. Major Germany economies contributing in the market are the UK, Germany and France. In addition, the demand for medical technologies is driven by a substantial rise in the number of patients and demographics.
The France infusion therapy devices market is anticipated to grow at a CAGR of 6.9% during the forecast period. France infusion therapy devices market is being primarily driven by the increasing prevalence of chronic diseases and the rising aging population in the country. As per the United Nations, in 2019, there were 13.3 million people aged 65 years or over, which is 20.4% of the total population.
The European infusion therapy devices market is anticipated to grow at a CAGR of 5.8% during the forecast period. Major European economies contributing to the market are the UK, Germany and France. Various biotech companies are working in the field of infusion therapy devices in these economies. The market is being significantly driven by the increasing number of surgeries performed coupled with the significant prevalence of chronic diseases in the region.
China infusion therapy devices market is growing at a CAGR of 6.9% during the forecast period. Geriatric population, healthcare reforms, favorable regulations are estimated to back the growth of the infusion therapy devices market during the forecast period. The growing prevalence of cancer among youth and middle age population are resulting in the growth of the life science industry in China. According to the WHO, China recorded 4.2 million cancer cases in 2018.
Asia-Pacific infusion therapy devices market is growing at a CAGR of 6.9% during the forecast period. The rising prevalence and incidence of chronic disease in the region are the major factors contributing to the growth of the market. According to WHO, in contrast to other world regions, the proportions of cancer mortality in Asia and Africa (57.3% and 7.3% respectively) are higher than the proportions of incident cases (48.4% and 5.8% respectively) in 2018.
Asia-Pacific digital pathology market is growing at a CAGR of approximately 19.6% during the forecast period. Asia- Pacific region is expected to grow at fast rate in the digital pathology market due to increasing healthcare spending, demand for efficient and cost-effective equipment and development in healthcare infrastructure. The population of APAC region is expected to reach at 3.7 billion by 2025.
US digital pathology market is expected to grow at a CAGR of approximately 14.3% during the forecast period. Digital Pathology offers many advantages to the healthcare sector such as precise diagnosis of the diseases and consultation for quality assurance. The US market is mainly driven by adoption of WSI for cancer diagnosis and research and initiatives for digitization in healthcare sector.
European digital pathology market is growing at a CAGR of approximately 13.9% during the forecast period. Europe is considered to have second largest market share in digital pathology. The increasing initiatives by European Cooperation in the field of Scientific and Technical Research along with the well-developed healthcare infrastructure and government policies for diagnosis are the driving factor for this market.
Germany digital pathology market is projected to grow at a CAGR of 14.2% during the forecast period. The digitization in the field of pathology has led the use of automated technology in diagnosis which is responsible for growth of the market. The advantageous features offered by digital pathology such as high productivity and effective result, quick transmission of glass slide in virtual form and cost effectiveness of the digital pathology is major driving factors for the market in the region.
UK digital pathology market is expected to grow at a CAGR of approximately 14.2% during the forecast period. Increasing UK government focus towards digital pathology is encouraging the demand of digital pathology in the region. For instance, in 2017, Leica Biosystem and UK Office of Life Sciences entered into agreement to support the UK mission to advance AI in pathology.
Indian digital pathology market is growing at a CAGR of approximately 21.5% during the forecast period. India is providing significant opportunities in the healthcare sector and digital pathology market is expected to experience increase in demand of patient safety, precision in diagnostic and quality improvement which is emphasizing on development of technology and system which is highly specialized for pathology services.
North American digital pathology market is growing at a CAGR of approximately 14.3% during the forecast period. There are number of companies, which have their headquarters in North America, particularly the U.S. such as Apollo Pacs Inc., Ligolab LLC, Mikroscan Technologies Inc. Nikon Instruments Inc. The US and Canada are the two major economies in the North American region.
US STD diagnostics market is growing at a CAGR of around 8.1% during the forecast period. The major aspects that are making considerable contributing towards its high market share include the fact that the country emphasizes more towards increasing the efficiency with the effectiveness of the treatment of various diseases including STDs.
UK STD diagnostics market is growing at a CAGR of around 8.6% during the forecast period. UK has one of the finest healthcare systems in the EU region, which enables it to provide quality healthcare to the individuals. UK is one of the major countries in the European region.
North American STD diagnostics market is growing at a CAGR of around 8.2% during the forecast period. North America is considered to be the dominating country due to various factors such as R&D, high healthcare expenditure, rising number of STD patients.
Japan STD diagnostics market is growing at a CAGR of around 8.8% during the forecast period. The high prevalence of syphilis among young women has encouraged the Japan health ministry to find ways of treating the STDs, which is likely to influence the growth of the Japan STD diagnostics market.
Indian STD diagnostics market is growing at a CAGR of around 9.9% during the forecast period. The factors that are driving the sexual transmitted diagnostic test market include increasing prevalence of HIV/HPV infected population across the globe, rising incidences of unprotected sex, and lack of awareness regarding STDs.
Germany STD diagnostics market is growing at a CAGR of around 7.9% during the forecast period. Germany STD diagnostics market is growing due to the factors including the most important of which is the government support towards health of the public.
European STD diagnostics market is growing at a CAGR of around 8.4% during the forecast period. As per MedTech Europe, in 2017, there were more than 27,000 medical technology companies in Europe out of which 95% were SMEs.
China STD diagnostics market is growing at a CAGR of around 9.5% during the forecast period. China, which is one of the largest developing countries across the globe, has been suffering from the wide-spread of STDs for a long time.
Asia-Pacific STD diagnostics market is growing at a CAGR of around 9.4% during the forecast period. The region has the second-highest HIV prevalence. Major countries such as China, India and Indonesia account for around three-quarters of the total number of people living with HIV.
UK ophthalmic laser market is growing at a CAGR of around 5.9% during the forecast period. As per the National Health System (NHS) UK, in UK, in 2018, there were almost 2 million people living with sight loss. Of these, around 360,000 are registered as blind or partially sighted.
Canada breast cancer diagnostics market is estimated to grow significantly at a CAGR of around 11.5% during the forecast period. The factors that influence the market growth in Canada include increasing the screening test for breast cancer and prevalence due to changes in life style. Breast cancer is the second leading cause of mortality in Canada.
Asia-Pacific breast cancer diagnostics market is estimated to grow significantly at a CAGR of around 12.6% during the forecast period. The increasing prevalence rates and awareness programs by government and private organizations are also enabled in the growth of the market in Asia-Pacific.
US breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.7% during the forecast period. The factors that enable the growth of the market include the prevalence of breast cancer and the initiative by the government and private organizations.
UK breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.0% during the forecast period. Increasing the incidence of breast cancer coupled with governemnt intitives are the major factors that contributing to the growth of the market.
North American breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.6% during the forecast period. The major factors that augment market growth such as rising awareness programs from government & private organizations, the introduction of new technologies such as 3D mammography and high expenditure on breast cancer therapies and medicines.
Japan breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 10.2% during the forecast period. The major factors that are driving the market include the prevalence of breast cancer, awareness programs by government and private organizations and government funding for research. According to the National cancer centre, breast cancer is the most common cancer in women, about 89,100 cases are estimated in 2017.
Indian breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 11.1% during the forecast period. The major factors that are driving the market include the prevalence of breast cancer, awareness programs by government and private organizations in the country.
Global breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.4% during the forecast period. The growth of the market is attributed to the increasing prevalence of breast cancer and rising awareness in emerging countries such as India, China, and Malaysia.
Germany breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.3% during the forecast period. Increasing the incidence of breast cancer coupled with a growing awareness program towrds breast cancer diagnosis and treatment are the major factors that contributing to the growth of the market.
France breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.1% during the forecast period. Increasing the incidence of breast cancer coupled with a growing awareness program towrds breast cancer diagnosis and treatment are the major factors that contributing to the growth of the market.
European breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.2% during the forecast period. The market is mainly driven due to the high prevalence of breast cancer within European countries that include UK, Germany, Italy Spain, and others.
China breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 10.2% during the forecast period. Increasing the incidence of breast cancer coupled with a growing awareness program towrds breast cancer diagnosis and treatment are the major factors that contributing to the growth of the market.
Canada breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 9.1% during the forecast period. The factors that influence the market growth in Canada include increasing the screening test for breast cancer and prevalence due to changes in life style. Breast cancer is the second leading cause of mortality in Canada.
Asia-Pacific breast cancer diagnostics and therapeutics market are estimated to grow significantly at a CAGR of 10.1% during the forecast period. Increasing the incidence of breast cancer coupled with a growing awareness program towrds breast cancer diagnosis and treatment are the major factors that contributing to the growth of the market.
The US minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.4% during the forecast period. Increasing spine procedures in the country are one of the major factors contributing to the market growth in the US.
UK minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.9% during the forecast period. UK minimally invasive surgical instruments market is driven by a significant rise in joint replacement procedures.
North American minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.2% during the forecast period. North America minimally invasive surgical instruments market is showing remarkable growth owing to the increasing spine injuries and significant innovation in minimally invasive instruments in the region.
Japan minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.2% during the forecast period. Increasing joint replacement procedures is primarily contributing to the market growth in the country. The total hip arthroplasty procedures performed during the period (April 2016-March 2017) was 17,507.
Italy minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 6.8% during the forecast period. Significant incidences of cancer are driving the growth of the market in the country.
India minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 9.2% during the forecast period. India minimally invasive surgical instruments market is expected to show significant growth in near future owing to increasing prevalence of heart disease.
The global minimally invasive cardiac surgery instruments market is estimated to grow at a CAGR of around 9.1% during the forecast period. The major factors contributing to the growth of the market include increasing demand for minimally invasive cardiac procedures and technological innovations in minimally invasive cardiac devices.
Germany minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.6% during the forecast period. Germany is the major contributor to the healthcare sector in Europe. According to the International Trade Administration (ITA), Germany is Europe’s largest market for medical devices, accounting nearly $41 billion per year, and behind the US and Japan.
France minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.3% during the forecast period. France minimally invasive surgical instruments market has been witnessing considerable growth owing to the rising ageing population and the growing prevalence of neurodegenerative diseases in the country.
European minimally invasive surgical instruments market is expected to grow at a CAGR of around 7.2% during the forecast period. European minimally invasive surgical instruments market is significantly driven by the increasing prevalence of chronic diseases, high focus on improving patient’s quality of life and increasing healthcare expenditure in the region.
China minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.9% during the forecast period. Minimally invasive surgical instruments market in China has significant potential growth owing to the technological innovations in MIS instruments.
Canada minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 6.3% during the forecast period. Canada minimally invasive surgical instruments market has been primarily driven by the increasing ageing population and non-communicable diseases in the country. The increasing number of joint replacements is boosting the demand for minimally invasive surgical instruments in Canada.
Asia-Pacific minimally invasive surgical instruments market is expected to grow at a CAGR of around 8.6% during the forecast period. Asia Pacific minimally invasive surgical instruments market is expected to grow significantly owing to increasing prevalence of CVD diseases and significant rise in ageing population in the country.
The US needle-free drug delivery devices market is expected to grow at a CAGR of 14.2% during the forecast period. The increasing need for self-administration of drugs as in the case of diseases such as diabetes and benefits offered by this technology such as pain-free drug delivery has enhanced the size of needle-free drug delivery devices industry.
The UK needle-free drug delivery devices market is expected to grow at a CAGR of around 13% during the forecast period. A significant number of companies, research, patient base has been observed in the market due to which a considerable growth can be observed in the market.
The North American needle-free drug delivery devices market is expected to grow at a CAGR of around 14% during the forecast period. The increasing need for self-administration of drugs as in the case of diseases such as diabetes and benefits offered by this technology such as pain-free drug delivery has enhanced the size of needle-free drug delivery devices industry.
The German needle-free drug delivery devices market is expected to grow at a CAGR of 12.4% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunity for needle-free drug delivery devices market.
The European needle-free drug delivery devices market is expected to grow at a CAGR of around 12% during the forecast period. Major countries that contribute to the European needle-free drug delivery devices market within the region includes UK, Germany, France, Italy and Spain.
The China needle-free drug delivery devices market is expected to grow at a CAGR of around 15.5% during the forecast period. High level of air pollution and significant number of smokers in China is boosting the demand for inhalers in the country.
The Asia-Pacific needle-free drug delivery devices market is expected to grow at a CAGR of around 15% during the forecast period. The increasing need for self-administration of drugs as in the case of diseases such as diabetes and benefits offered by this technology such as pain-free drug delivery has enhanced the size of needle-free drug delivery devices industry.
The US sleep apnea devices market is estimated to grow at a CAGR of around 6.3% during the forecast period. The growth of the sleep apnea devices market in North America is attributed to the well-established healthcare infrastructure, rise in awareness among people, and an increase in the prevalence of sleep disorders.
The UK sleep apnea devices market is estimated to grow at a CAGR of 6.4% during the forecast period. UK contributes a considerable share in the market due to the presence of a significant number of people with behavioral health disorders and the growing awareness of sleep disorders in the country.
The North American sleep apnea devices market is estimated to grow at a CAGR of 6.2% during the forecast period. The growth of the sleep apnea devices market in North America is attributed to the well-established healthcare infrastructure, rise in awareness among people, and an increase in the prevalence of sleep disorders.
German sleep apnea devices market is estimated to grow at a CAGR of 6.7% during the forecast period. Germany is the major contributor to the healthcare sector in Europe. The factors such as the increasing prevalence of behavioral health disorders, considerable resources of mental health, and a sophisticated healthcare system are the key factors that are expected to promote the growth of the market in the near future.
The European sleep apnea devices market is estimated to grow at a CAGR of 5.9% during the forecast period. The key driving factor of the market in the region is the increasing sleep disorders such as obstructive sleep apnea due to various behavioral health issues of the population which is expected to promote the demand for sleep disorder treatment solutions, thereby promoting the growth of the market in the near future.
China sleep apnea devices market is estimated to grow at a CAGR of around 7.0% during the forecast period. China is estimated to have a considerable share in the Asia-Pacific sleep apnea devices market. Sleep insufficiency, drowsiness, and insomnia are prevalent in Chinese adolescents.
The Asia-Pacific sleep apnea devices market is estimated to grow at a CAGR of 6.8% during the forecast period. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. China is the largest contributor to the Asia-Pacific sleep apnea devices market.
US catheters market is expected to grow at a CAGR of nearly 8.2% during the forecast period. The major factors encouraging the growth of the market in the region include The increasing number of multi-specialty hospitals and the increasing number of urologic clinics coupled with the increasing number of urologists is estimated to drive the demand for urinary flow meters in hospitals and clinics.
UK catheters market is expected to grow at a CAGR of around 7.2% during the forecast period. Increasing incidences of various urinary disorders such as cancers of the urinary tract, incontinence, interstitial cystitis, kidney stones, kidney failure, and urinary tract infections, and aging population is major factors contributing in the growth of the market.
North American catheters market is expected to grow at a CAGR of around 8.2% during the forecast period. The major factors encouraging the growth of the market in the region include the emerging demand for minimally invasive surgeries and the increasing prevalence of chronic diseases.
India catheters market is expected to grow at a CAGR of around 10.2% during the forecast period. The major factors encouraging the growth of the market include a significant rise in the prevalence of chronic diseases and favorable government initiatives for medical devices.
Germany catheters market is expected to grow at a CAGR of around 9.5% during the forecast period. The major factors encouraging the growth of the market in the region include a significant rise in medical device industry coupled with the presence of major manufacturers of medical devices in the region.
European catheters market is expected to grow at a CAGR of around 8.4% during the forecast period. A rise in a number of surgeries and increasing demand for minimally invasive procedures is contributing to the growth of the market in Europe.
China catheters market is expected to grow at a CAGR of around 9.8% during the forecast period. The growing penetration rate of PTCA balloon catheter and Central Venous catheter is considered as a major driving factor for Chinese catheter market.
Asia-Pacific catheters market is expected to grow at a CAGR of around 9.4% during the forecast period. The major factors contributing to the growth of the market in the region include the rising geriatric population and prevalence of chronic diseases in them continue to spur the demand for catheterization in healthcare centers, hospitals and surgical units. CVDs are the leading cause of mortality in India.
The US respiratory device market was around $6.2 billion in 2018 and is anticipated to grow at a CAGR of around 6.3% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in North America.
The UK respiratory device market was valued at around $1.4 billion in 2018 and is estimated to grow at a CAGR of around 6.2% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in the country.
The North American respiratory device market was valued at around $6.6 billion in 2018 and is estimated to grow at a CAGR of around 6.2% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in North America.
Italy respiratory device market was valued at around $639 million in 2018 and is estimated to grow at a CAGR of around 5.0% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in the country.
Germany respiratory device market was valued at around $1.1 billion in 2018 and is estimated to grow at a CAGR of around 6.5% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in the country.
The France respiratory device market was valued at around $588 million in 2018 and is estimated to grow at a CAGR of around 5.3% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in the country.
The China respiratory device market was valued at around $2.0 billion in 2018 and is estimated to grow at a CAGR of around 7.0% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in the country.
The Asia-Pacific respiratory device market was valued at around $6.1 billion in 2018 and is estimated to grow at a CAGR of around 6.7% during the forecast period. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors that augmenting the growth of respiratory device market in North America.
The
US tissue diagnostics market is anticipated to grow at a CAGR 6.9% during the
forecast period. The US is dominating the tissue diagnostic market in terms of
revenue and R&D. Government and private ventures are contributing
significantly to the growth of the US tissue diagnostic market.
The
North American tissue diagnostics market is anticipated to grow at a CAGR 6.6%
during the forecast period. The most widely adopted tissue diagnostic segment
in North America includes Immunohistochemistry (IHC), in situ hybridization
(ISH), special staining and digital pathology.
Japan
tissue diagnostics market is anticipated to grow at a CAGR 7.0% during the
forecast period. Japan is a technologically advanced nation with significant
development in tissue diagnostics. A significant decline in mortality in Japan
is due to the improved healthcare systems and increased awareness for cancer
and other lifestyle-oriented diseases.
Indian
tissue diagnostics market is anticipated to grow at a CAGR 8.3% during the
forecast period. Indian tissue diagnostics market is expected to grow at a
significant rate due to favorable government policies, economic reforms,
medical tourism, cohesive government regulations, rising cancer patients and
growth of the diagnostic sector.
The
European tissue diagnostic market is anticipated to grow at a CAGR 8.0% during
the forecast period. Europe is considered to be a lucrative destination for the
tissue diagnostic market due to some pivotal factors which include the rise in
prevalence of cancer disease, R&D exploration, technological advancement,
robotic automation and reforms in the healthcare system.
The
Canada tissue diagnostics market is anticipated to grow at a CAGR 5.6% during
the forecast period. Canada has significantly improved the healthcare system on
the back of various driving factors such as availability of technologically
sound diagnostic centres, adoption of robotic automation and a huge pool of
cancer population.
Asia-Pacific
tissue diagnostics market is anticipated to grow at a CAGR 7.6% during the
forecast period. Asia-pacific tissue diagnostic market is considered to be an
opportunistic and most emerging market due to the significant improvement in
the healthcare system and a huge pool of cancer patients across the region.
UK
IoT energy market is expected to witness a significant growth with the CAGR of
approximately 20% during the forecast
period. IoThas enabled the concept of smartness in every from the grid to the
city. The insight derived from data collected from connected devices can
enhance productivity and efficiency as well as they can improve real-time
decision making.
Asia-Pacific
female infertility diagnosis and treatment market is expected to witness a
significant growth rate during the forecast period. Medical tourism in this
region is also growing at a faster pace owing to the quality of the healthcare
services and its cost-effectiveness.
Australian
female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 3.8% during the forecast period. The
inability to conceive may occur in both men and women, however, infertility
among women is more common. There are several factors that cause infertility
among women such as exceeding 35 years of age, unhealthy lifestyle and genetic
disorders.
China
female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 4.4% during the forecast period. Increasing female middle-aged population, growing infertility rates in women
and increasing medical tourism are some of the few factors that are augmenting
market growth in this region.
European
female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 3.7% during the forecast period. The
economies of UK, Germany, Italy, Spain, France, Russia, and the Nordic countries
are the major contributors to the market growth in Europe.
Germany
female infertility market is expected to witness a significant growth rate
during the forecast period. The country has a major market share for the female
infertility market in Europe due to increasing cases of infertility. As per CIA
the mean age of mother at the time of first birth is 29.4 years.
Indian
female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 5.4% during the forecast period. The growth
of the market is owing to the rising population, growth in healthcare
infrastructure and so on. Increasing healthcare infrastructure is estimated to
be one of the major factors to drive the growth of the female infertility
diagnosis-treatment market.
North
American female infertility diagnosis and treatment market is expected to
witness a significant growth with the CAGR of 3.7% during the forecast period.
There are many factors driving the regional growth of the market such as the
rising trend of surrogacy, growing middle-aged women population and increasing
IVF treatment.
UK
female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 4.1% during the forecast period. UK is one
of the major economies of Europe and a significant market for female
infertility diagnosis and treatment will be observed in the region during the
forecast period.
The
US female infertility diagnosis and treatment market is expected to witness a
significant growth with the CAGR of 3.8% during the forecast period. The US
Female infertility diagnosis and treatment diagnosis and treatment market is
growing significantly due to various factors such as increasing infertility
rate among females, unhealthy lifestyle and development of new technologies in
IVF treatment.
Japan dental care equipment market is anticipated to grow at a CAGR 6.0% during the forecast period. Japan is one of the developed nations across the globe in terms of technology, development, and infrastructure. The Japanese healthcare infrastructure is well developed and established in the Asia-Pacific region.
Latin America is expected to grow owing to rising tobacco consumption. Apart from that, is driven by a rise in dental tourism, dentists are investing in modern equipment, especially in urban areas--but lack of access to basic dental care is still a problem in rural areas.
The market in North America has the highest market share during the forecast period owing to the rising prevalence of periodontal diseases, tobacco consumption, technological advancement, and increasing disposable income. There are many major companies in this region such as 3M, Carestream., Patterson companies Inc., and so on.
France dental care equipment market is anticipated to grow at a CAGR 5.6% during the forecast period. France is one of the major markets for medical and dental equipment. As per International Trade Administration, the total medical equipment market in 2017 was $32.8 billion compared to $31.4 billion in 2016.
UK has been considerably contributing to the growth of dental care equipment market. The expected growth rate of the market is 5.7% during the forecast period. The major driving factor of growth is increasing tobacco consumption in the region and poor health hygiene. Advancement in dental technology is also driving the growth of the market in the region.
China dental care equipment market is anticipated to grow at a CAGR 6.8% during the forecast period. China is one of the most populated cities across the globe, and in the global dental care equipment market, this region is growing at a faster pace. Tobacco consumption, rising geriatric population, growing periodontal diseases are some of the few major factors motivating China region during the forecast period.
Indian dental care equipment market is anticipated to grow at a CAGR 7.4% during the forecast period. Indian is one of the major countries in Asia-Pacific region owing to a rapid increase in population base, apart from this medical tourism in this region is also showing massive growth. As compare to western countries Indian offers World Class Medical Facilities, as Indian have Hospitals with better medical facilities and the best-qualified doctors.
The US dental care equipment market is anticipated to grow at a CAGR 5.3% during the forecast period. The US is the major country in the North American region and has a major market share during the forecast periods. Hospital care expenditures showed mixed trends across the major payers, with slower growth in Medicaid and private health insurance spending, stable growth in Medicare spending, and faster growth in out-of-pocket spending.
Canada dental care equipment market is anticipated to grow at a CAGR 6.5% during the forecast period. Canada is also a strong country in the North American region. There are many factors augmenting the growth of the Canadian region such as rising geriatric population, rising healthcare expenditure and so on. The Canadian population is aging, and the oral health needs of this aging population have changed.
Europe has a major share in the global dental care equipment market. Rest of Europe market is valued at $564 million in 2017 and is further estimated to reach $768 million in 2025 during the forecast period. The RoE market is growing at a CAGR of 5.2% during the forecast period.
Asia-pacific dental care equipment market is anticipated to grow at a CAGR 6.6% during the forecast period. Asia-Pacific is one of the fastest growing economies across the globe. Rising population, growing GDP and healthcare expenditure, and technological advancement are some of the few major factors that have augmented this region during the forecast period.
Germany dental care equipment market is anticipated to grow at a CAGR 5.7% during the forecast period. Germany is the fourth largest economy across the globe. As per International Monetary Fund GDP of the nation was $3.7 trillion in 2017. The estimated population of Germany is near to 80 million in 2017.
North American long-acting bronchodilator market was $1.5 billion in 2018 and is anticipated to grow at a substantial rate of 2.0% during the forecast period. The major factors that are contributing significantly to the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure. The US and Canada are the major economies of North America.
Asia-Pacific long-acting bronchodilator market is anticipated to grow at a substantial rate of 4.5% during the forecast period. Major factors that augment the growth of the market include a large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and the significant presence of market players in the region.
China long-acting bronchodilator market is anticipated to grow at a substantial rate of 3.8% during the forecast period. High level of air pollution and the significant number of smokers in China is boosting the demand for long-acting bronchodilators in the country. Additionally, the rising geriatric population susceptible to asthma and COPD within the country is also driving the demand for bronchodilators.
The European long-acting bronchodilator market was valued at around $1.3 billion in 2018 and is anticipated to grow at a substantial rate of 2.6% during the forecast period. Major countries that will contribute to the long-acting bronchodilator market within the region includes UK, Germany, France, Italy, and Spain. A significant number of companies, research, the patient base has been observed in the market due to which a significant growth can be observed in the market.
Germany long-acting bronchodilator market is anticipated to grow at a substantial rate of 4.2% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunity for long-acting bronchodilator market. As per the International Monetary Fund, the population of the country was about 80 million and the share of the geriatric population is about 21%.
Indian long-acting bronchodilator market is anticipated to grow at a substantial rate of around 8.0% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country.
Italy long-acting bronchodilator market is anticipated to grow at a substantial rate of 2.5% during the forecast period. The significant prevalence of asthma and COPD has augmented the demand for long-acting bronchodilators within the country. Moreover, rising tobacco smoking activities in the country have also led to the various respiratory disease that has addressed the need for respiratory devices, such as bronchodilators, in the country.
UK long-acting bronchodilator market is anticipated to grow at a substantial rate of around 1.5% during the forecast period. Inhalers are used for providing medication to the patients through the lungs. These are used for the treatment of the patient from asthma attacks and other respiratory ailments. As the prevalence of asthma and other diseases increases across UK, the demand for long-acting bronchodilators is also expected to increase for treatment purposes.
The US long-acting bronchodilator market is anticipated to grow at a substantial rate of 1.7% during the forecast period. The growth of the market of long-acting bronchodilator devices in the US is mainly driven by factors that include the growing prevalence of chronic diseases such as asthma, diabetes, respiratory lung diseases and so on. Asthma is chronic inflammation of the lung airways that causes breathlessness and coughing.
Asia-Pacific metered dose inhaler market is anticipated to grow at a substantial rate of around 4.5% during the forecast period. Major factors that augment the growth of the market include a large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and the significant presence of market players in the region.
Asia-Pacific preventive inhaler market is anticipated to grow at a substantial growth rate of around 3.8% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the region.
China metered dose inhaler market is anticipated to grow at a substantial rate of around 4.0% during the forecast period. High level of air pollution and the significant number of smokers in China is boosting the demand for inhalers in the country. Additionally, the rising geriatric population susceptible to asthma and COPD within the country is also driving the demand for inhalers; thereby, leading to the growth of the metered dose inhaler market in the country.
The European preventive inhaler market was valued at around $2.8 billion in 2018 and is anticipated to grow at a substantial rate of 1.5% during the forecast period. Major countries that will contribute to the inhaler market within the region includes UK, Germany, France, Italy and Spain. A significant number of companies, research, patient base has been observed in the market due to which a significant growth can be observed in the market.
France preventive inhaler market is anticipated to grow at a substantial rate of 3.3% during the forecast period. As per French government agency, Business France, the country ranked as 4th globally and second in Europe for the medical device and technology industry. There are about 1,300 to 1,350 companies in French device manufacturer that generated a revenue of around $32 billion in 2017.
Asia-Pacific
ophthalmic laser market is forecast to grow at a CAGR of 6.6% during the
forecast period and is expected to reach around $254 million in 2025 as
compared to $162 million in 2018. The market in Asia-Pacific is driven by
numerous factors including increasing government initiatives such as the
National Programme for Control of Blindness, and the rising cataract-removal
surgeries.
Germany preventive inhaler market is anticipated to grow at a substantial rate of 3.5% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunities for the preventive inhaler market.
China
ophthalmic laser market is forecast to grow at a CAGR of 7.0% during the
forecast period and is expected to reach around $104 million in 2025 as
compared to $65 million in 2018. The market in China is driven by numerous
factors including increasing government initiatives such as the National
Programme for Control of Blindness, and the rising cataract-removal surgeries.
The Indian metered dose inhaler market is anticipated to grow at a substantial rate of around 8.0% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country.
European
ophthalmic lasers market is growing at a CAGR of 5.4% during the forecast
period. The demand for ophthalmic lasers in Europe is driven by increasing
cataract and glaucoma patients.
The North American preventive inhaler market was $3.5 billion in 2018 and is anticipated to grow at a substantial rate of 1.0% during the forecast period. The major factors that are contributing significantly to the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
UK preventive inhaler market is anticipated to grow at a substantial growth of around 1.5% during the forecast period. Preventive inhalers are most probably the most important asthma medication as they treat the inflammation inside the airways and decrease the possibility of an asthma exacerbation.
Germany
ophthalmic lasers market is growing at a CAGR of 6.1% during the forecast
period. The demand for ophthalmic lasers in Germany is driven by increasing
cataract and glaucoma patients.
US preventive inhaler market is anticipated to grow at a substantial rate of 1.2% during the forecast period. The growth of the market of preventive inhalers in the US is mainly driven by factors that include the growing prevalence of chronic diseases such as asthma, diabetes, respiratory lung diseases and so on. Asthma is chronic inflammation of the lung airways that causes breathlessness and coughing.
Indian
ophthalmic laser market is forecast to grow at a CAGR of 7.5% during the
forecast period. The market in Indian is driven by numerous factors including
increasing government initiatives such as the National Programme for Control of
Blindness, and the rising cataract-removal surgeries.
China preventive inhaler market is anticipated to grow at a substantial CAGR of around 3.5% during the forecast period. High level of air pollution and the significant number of smokers in China is boosting the demand for preventive inhalers in the country.
Latin
America and Middle East African (LAMEA) ophthalmic laser market is forecast to
grow at a CAGR of 4.9% during the forecast period. The market for ophthalmic
lasers in the LAMEA has growth opportunities due to the contribution of the
countries such as Brazil, Israel, South Africa, and other countries from the
rest of the world.
The
North American ophthalmic lasers market is expected to grow at a CAGR of 6.2%
during the forecast period and expected to reach $437.0 million in 2025 from
$287.4 million in 2018. The combination of significant accuracy and safety make
lasers highly useful ophthalmic tools.
Indian preventive inhaler market is anticipated to grow at a substantial rate of 7.0% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country.
Canada metered dose inhaler market is anticipated to grow at a significant CAGR of around 7.0% during the forecast period. The major factors that are contributing significantly to the market growth include growing geriatric population susceptible to respiratory diseases such as asthma and COPD, and high healthcare expenditure.
France metered dose inhaler market is anticipated to grow at a substantial rate of around 3.8% during the forecast period. Well-developed healthcare infrastructure and medical device industry coupled with the significant prevalence of asthma and COPD in the country are influencing factors for the market growth.
Germany metered dose inhaler market is anticipated to grow at a substantial rate of around 4.0% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunities for the metered dose inhaler market.
Italy metered dose inhaler market is anticipated to grow at a substantial rate of around 2.5% during the forecast period. The significant prevalence of asthma and COPD has augmented the demand for various types of inhalers within the country.
UK metered dose inhaler market is anticipated to grow at a substantial rate of around 2.5% during the forecast period. The metered dose inhalers find a significant role to treat respiratory diseases including asthma, bronchitis, emphysema, and COPD.
The European metered dose inhaler market was valued at around $2.4 billion in 2018 and is anticipated to grow at a substantial rate of 2.8% during the forecast period. Major countries that will contribute to the metered dose inhaler market within the region includes UK, Germany, France, Italy, and Spain.
North American metered dose inhaler market was $2.9 billion in 2018 and is anticipated to grow at a substantial rate of 2.2% during the forecast period. The major factors that are contributing significantly in the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
The US metered dose inhaler market is anticipated to grow at a substantial rate of around 2.0% during the forecast period. The major factors that are contributing significantly to the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
Asia-Pacific dry powdered inhaler market is anticipated to grow at a substantial rate of around 4.0% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the region.
China dry powdered inhaler market is anticipated to grow at a substantial rate of around 3.3% during the forecast period. High level of air pollution and the significant number of smokers in China is boosting the demand for inhalers in the country. Additionally, the rising geriatric population susceptible to asthma and COPD within the country is also driving the demand for inhalers; thereby, leading to the growth of the dry powdered inhaler market in the country.
The Indian dry powdered inhaler market is anticipated to grow at a substantial rate of around 7.4% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country.
Italy dry powdered inhaler market is anticipated to grow at a substantial rate of around 2.2% during the forecast period. The significant prevalence of asthma and COPD has augmented the demand for various types of inhalers within the country.
Canada dry powdered inhaler market is anticipated to grow at a significant CAGR of around 6.8% during the forecast period. The major factors that are contributing significantly to the market growth include growing geriatric population susceptible to respiratory diseases such as asthma and COPD, and high healthcare expenditure.
The European Dry Powdered Inhaler market was valued at around $3.7 billion in 2018 and is anticipated to grow at a substantial rate of 2.1% during the forecast period. Major countries that will contribute to the dry powdered inhaler market within the region includes UK, Germany, France, Italy, and Spain.
France dry powdered inhaler market is anticipated to grow at a substantial rate of around 3.5% during the forecast period. Well-developed healthcare infrastructure and medical device industry coupled with the significant prevalence of asthma and COPD in the country are influencing factors for the market growth.
Germany dry powdered inhaler market is anticipated to grow at a substantial rate of around 3.7% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunities for the dry powdered inhaler market.
UK dry powdered inhaler market is anticipated to grow at a substantial rate of around 1.2% during the forecast period. The dry-powder inhaler (DPI) is used to deliver medication to the lungs in the dry powder form. It finds a significant role to treat respiratory diseases including asthma, bronchitis, emphysema, and COPD.
The US dry powdered inhaler market is anticipated to grow at a substantial rate of around 1.2% during the forecast period. The major factors that are contributing significantly to the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
Asia-Pacific inhaler market is anticipated to grow at a substantial rate of 4.1% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the region.
China inhaler market was valued at around $2.2 billion in 2018 and is anticipated to grow at a substantial rate of 3.3% during the forecast period. High level of air pollution and significant number of smokers in China is boosting the demand for inhalers in the country.
Indian inhaler market is anticipated to grow at a substantial rate of 7.4% during the forecast period. Major factors that augments the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country.
Italy inhaler market was valued at around $780 million in 2018 and is anticipated to grow at a substantial rate of 2.2% during the forecast period. Significant prevalence of asthma and COPD has augmented the demand for inhalers within the country.
North American dry powdered inhaler market was $7.2 billion in 2018 and is anticipated to grow at a substantial rate of 1.8% during the forecast period. The major factors that are contributing significantly in the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
European inhaler market was valued at around $6.4 billion in 2018 and is anticipated to grow at a substantial rate of 2.3% during the forecast period. Major countries that will contribute to the inhaler market within the region includes UK, Germany, France, Italy and Spain.
France inhaler market was valued at around $980 million in 2018 and is anticipated to grow at a substantial rate of 3.6% during the forecast period. As per French government agency, Business France, the country ranked as 4th globally and second in Europe for medical device and technology industry.
Germany inhaler market was valued at around $1.2 billion in 2018 and is anticipated to grow at a substantial rate of 3.9% during the forecast period. Germany is one of the key economies of the European region in terms of revenue generation and future opportunity for inhaler market. As per international Monetary Fund, the GDP of the country in 2017 was $4.2 trillion. In 2017, the population of the country was about 80 million and the share of geriatric population is about 21%.
North American inhaler market was $7.2 billion in 2018 and is anticipated to grow at a substantial rate of 1.8% during the forecast period. North American inhaler market has the highest contribution in the global inhaler market. The major factors that are contributing significantly in the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure.
UK inhaler market was valued at around $1.5 billion in 2018 and is anticipated to grow at a substantial rate of 1.0% during the forecast period. Inhalers are used for providing medication to the patients through lungs. These are used for treatment of patient from asthma attacks and other respiratory ailments.
US inhaler market is anticipated to grow at a substantial rate of 1.3% during the forecast period. The growth of the market of inhaler devices in the US is mainly driven by factors which include the growing prevalence of chronic diseases such as asthma, diabetes, respiratory lung diseases and so on. Asthma is chronic inflammation of the lung airways that causes breathlessness and coughing.
Global vagus nerve stimulator market is expected to grow at a CAGR of 3.5% during the forecast period. Vagus nerve stimulator are those devices that are utilized to stimulate the vagus nerve with electrical impulses. It is used to treat epilepsy and depression.
US electroceuticals market is expected to grow at a CAGR of 7.8% during the forecast period. The market growth is attributed to the rise in the prevalence of arrhythmia, growing number of neural disorders, and high prevalence of hearing loss.
The UK electroceuticals market is expected to grow at a CAGR of 7.5% during the forecast period. UK has the highest number of cardiovascular diseases, coronary heart disease, stroke, heart failure, atrial fibrillation, and other heart patients in Europe.
Spinal cord stimulators market is expected to grow at a CAGR of 10.2% during the forecast period. The market is driven by rising demand for instruments that are used for treating chronic pain and failed back syndrome.
North American spinal cord stimulators market is expected to grow at a CAGR of 10.5% during the forecast period. Spinal cord stimulation is a therapy that affects the signals transmitted to the brain by using an implanted spinal cord stimulation device.
North American electroceuticals market is expected to grow at a CAGR of 7.0% during the forecast period. The market growth in North America can be attributed to the rising geriatric population, frequent US FDA approvals for innovative electroceutical devices, and growing adoption of minimally invasive/non-invasive surgeries for treatment of several diseases owing to growing awareness among patients related to electroceuticals.
North American deep brain stimulators market is expected to grow at a CAGR of around 7% during the forecast period. Deep Brain Stimulation is a device used for the treatment of neurological disorders such as Parkinson’s, Alzheimer’s and other psychiatric disorders such as dystonia, epilepsy, essential tremor, obsessive-compulsive disorder.
Latin America electroceuticals market is expected to grow at a CAGR of around 4% during the forecast period. Latin America registers the significant growth owing to major contribution of the countries including Brazil, Mexico among others.
Indian electroceuticals market is expected to grow at a CAGR of 10.0% during the forecast period. The growing incidences of sensorineural Hearing Loss, Parkinson’s disease, epilepsy, ischemia and other chronic diseases in India are generating the demand for electroceutical devices for treatment of these diseases.
The global electroceuticals market is expected to grow at a CAGR of 7.1% during the forecast period. The global electroceuticals market is expected to grow significantly owing to various factors such as rising incidence and prevalence rate of chronic diseases, and growing investment for the development of advanced electroceuticals by major players as well as the government.
Germany electroceuticals market is expected to grow at a CAGR of around 7% during the forecast period. The presence of quality healthcare system and favorable government policies is driving the market growth in the region. Further, noticeable numbers of Parkinson’s disease cases is also creating demand for electroceuticals in the region.
The European electroceuticals market is expected to grow at a CAGR of 7.0% during the forecast period. The market is growing owing to the well-developed healthcare infrastructure and supportive government policies such as the Affordable Care Act.
The US dermal fillers market is estimated to grow at a CAGR of 7.1% during the forecast period. The US market is expected to reach around $2.7 billion in 2025 as compared to nearly $1.7 billion in 2018. This market growth owing to the rising demand for cosmetic procedures coupled with high consciousness about facial rejuvenation and an increasing number of medical spas in the region.
Global deep brain stimulators market is expected to grow at a CAGR of around 7% during the forecast period. Deep Brain Stimulation is a device used for the treatment of neurological disorders such as Parkinson’s, Alzheimer’s and other psychiatric disorders such as dystonia, epilepsy, essential tremor, obsessive-compulsive disorder.
The North American dermal fillers market is estimated to grow at a CAGR of 7.0% during the forecast period. The North American market is expected to reach around $2.9 billion in 2025 as compared to nearly $1.8 billion in 2018.
The LAMEA dermal fillers market is estimated to grow at a CAGR of 7.4% during the forecast period. RoW countries include Brazil, Mexico and Colombia, Saudi Arabia and the United Arab Emirates (UAE).
Asia-Pacific electroceuticals market is estimated to grow at a CAGR of around 8% during the forecast period. Moreover, increasing incidences of several health disorders such as spinal cord injuries, epilepsy, and other disorders are contributing to the growth of the electroceuticals market in the Asia-Pacific region.
The Indian dermal fillers market is expected to grow at the highest CAGR of 8.9% during the forecast period. Rising disposable income, high proportion of middle-aged people is one of the major factors for the growth of the market.
Implantable Cardioverter Defibrillators (ICD)s are battery-powered devices placed under the skin for keeping a track of heart rate. It has been proved quite useful in preventing sudden death in patients suffering from sustained ventricular tachycardia or fibrillation.
The Germany dermal fillers market is forecast to grow at a CAGR of 6.4% during the forecast period. As per the International Society of Aesthetic Plastic Surgery, the highest number of injectable cosmetic procedures was performed in Germany in 2017 with more than 364,000.
The European dermal fillers market is forecast to grow at a CAGR of 6.7% during the forecast period and is estimated to reach around $1.6 billion in 2025 as compared to $994 million in 2018. Countries in the region are developed economies, which offers a significant infrastructure to provide modern technologies related to cosmetic surgeries to its citizen.
The US contributes significantly to the growth of the defibrillator market in North America. The U.S. is expected to contribute significantly due to rise in adoption of innovative defibrillator technology. Hospitals and clinics in the U.S. are equipped with latest defibrillation devices and applications, which are essential to perform critical cardiac arrest.
The
United States ophthalmic lasers market is expected to grow at a CAGR of 6.1%
during the forecast period. The US is the major contributor to the ophthalmic
laser market due to the presence of various government initiatives, reforms,
policies, and regulations for the support of the advanced treatment of eyes
using an ophthalmic laser.
The China dermal fillers market is expected to grow at the highest CAGR of 8.7% during the forecast period. China’s market has both medium and long-term potential due to its large market size, aging population, and sedentary lifestyle. The Chinese economy is becoming an R&D-intensive economy which is the major factor for the growth of the market in China.
The UK has one of the finest healthcare systems in the EU region, which enable it to provide quality healthcare to the individual citizens. According to British Heart Foundation, more than one- fourth of the fatalities in the UK occur due to CVD, and it is responsible for around 1.6 million fatalities each year. The critical factors that lead to CVD, CHD, stroke and other heart diseases include harmful stress, depression, excessive consumption of alcohol, excessive smoking, hypertension, diabetes, obesity and poor diet, which includes cholesterol.
The Asia-Pacific dermal fillers market is expected to grow at a CAGR of 8.3% during the forecast period and is forecast to reach $1.5 billion in 2025 as compared to $845 million in 2018. Rising disposable income, high proportion of middle-aged people is one of the major factors for the growth of the market.
The North American region is expected to contribute higher in the global defibrillator market with major revenue generation from the U.S. region. The growth is attributed to the increasing number of aged populations. According to WHO,the incidence and prevalence rate of heart attacks are highest in North America, which is responsible for 0.7 million fatalities each year.
Latin America is expected to contribute in the defibrillator market, especially in the key regions including Brazil, Mexico and others. Brazil has considerable contribution in the market due to rise in heart diseases across the country. Obesity and overweight are the key factors responsible for heart diseases such as CVD, CDH, HF, and stroke.
Japan has been considerably contributing to the growth of the market. The major factors driving the market are government policies, high geriatric population, and adoption of robotic surgeries. Japan is a technologically sound nation, which is equipped with innovative methods for various heart surgeries.
The Indian economy is growing at a modest rate due to huge advancement in various domains. Healthcare domain is growing significantly due to huge demand in national and international level. Low rate of surgeries and quality healthcare are some of the major drivers for the market.
The massive population of CVD, CHD, stroke, and rise in the adoption of cardiology devices, the market is projected to grow during the forecast period in Germany. The country has a quality healthcare system and favorable government policies, which are driving the market in the region.
European defibrillators market is expected to grow significantly owing to the Sudden Cardiac Death(SCD);and is responsible for about 20% of total mortalities in Europe. Sudden cardiac death claims for more than 350,000 lives per year in Europe.
Canada has considerable market of defibrillation products due to huge number of heart patients suffering from lingering heart diseases such as CVD, CHD, stroke, hypertension and other heart diseases. Canada contributes significantly to the defibrillator market due to huge investment in healthcare and adoption of innovative technologies in the healthcare domain.
The Asia-Pacific market is considered to be one of the emerging market due to huge population of CVD, CHD, stroke and other heart diseases and is growing at a modest rate due to various factors such as the rising healthcare spending, improving infrastructure and economy, and rising standards of living.
US medical tapes & bandages market is estimated to grow at a CAGR of over 3.5% during the forecast period. The growing incidence of pressure ulcers (PU) owing to aging populations, increased per capita healthcare expenditure and the presence of major market players are driving the market in this region.
UK medical tapes and bandages market is estimated to grow at a CAGR of over 3.0% during the forecast period. Medical tapes and bandages are being increasingly used for primary treatment of wounds, burns and various other primary ailments.
North American medical tapes & bandages market is estimated to grow at a CAGR of over 4% during the forecast period. Major economies that contribute to the market include the US and Canada. The growing incidence of pressure ulcers (PU) owing to aging populations, increased per capita healthcare expenditure and the presence of major market players are driving the market in this region.
The medical tapes & bandages market in India is estimated to grow at a CAGR of over 5% during the forecast period. India is one of the fastest-growing economies globally and thus contributes considerably to the medical tapes and bandages market.
The medical tapes & bandages market in Germany is estimated to grow at a CAGR of over 4.0% during the forecast period. Germany is the major contributor to the healthcare industry in Europe.
European medical tapes & bandages market is estimated to grow at a CAGR of 4% during the forecast period. Major economies that contribute to the market include UK, Germany, Italy, Spain and France among various others.
The medical tapes & bandages market in China is estimated to grow at a CAGR of 4.8% during the forecast period. Major factors driving the growth of the market in the country include the growing aging population coupled with the increasing prevalence of pressure ulcers.
Asia-Pacific medical tapes & bandages market is estimated to grow at a CAGR of over 4.5% during the forecast period. Major economies that contribute to the market include China, Japan, and India. The Asia-Pacific region is estimated to be a potential market for medical tapes & bandages due to the growing aging population coupled with the increasing prevalence of ulcers.
The global smart inhaler market is expected to grow significantly during the forecast period. Smart inhalers are Bluetooth-enabled devices developed with the support of sensors in order to record health details at the time of therapy. They are connected with smart devices such as smartphones, which also facilitates the reminders for patients to develop regularity of the therapy and medicines.
Global wearable medical devices market is projected to grow at a CAGR of 18% during the forecast period. The wearable medical device referred to as an autonomous device that provides medical monitoring of patient and support during treatment over a prolonged period. These can be worn as an accessory or embedded into clothing.
The global intravascular catheter market is projected to grow at a CAGR of 8.4% during 2019-2025. The major factors contributing to the growth of the market include increasing incidence of cardiovascular diseases, cancer, neurological disorders, renal disorders, urinary tract infections, and others
The global catheter stabilization device market is growing at a CAGR of 6.2% during the forecast period. Increasing the incidence of urinary disorder in the aging population is anticipated to drive the global market. Catheter stabilization device is designed to secure a catheter in the right position on the skin.
Airway stent/lung stent market is growing at a CAGR of 5.8% during the forecast period. The various factors are driving the market growth include the growing prevalence of lung cancer, rising growth in the healthcare industry, increasing prevalence towards the minimally invasive procedure and rising incidence of chronic respiratory diseases.
The abdominal aortic aneurysm repair devices market is anticipated to grow at a CAGR of 7.2% during the forecast period. The market is growing at a significant rate owing to various factors that include advancements of technology in the aneurysm repair procedures and rise in the geriatric population are projecting for the growth of abdominal aortic aneurysm repair devices market during the forecast period.
The global peptic ulcer testing market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. The growth of the market is backed by the increasing incidences of stomach cancer coupled with the changing lifestyle & food habits such as untimely meal patterns, excess consumption of fatty foods, chronic acidity, and food poisoning. As per the American Cancer Society, around 27,510 cases of stomach cancer are estimated to be diagnosed in the US in 2019. Such a scenario has raised the need for faster and more accurate diagnosis of peptic ulcer testing. The most commonly occurring stomach disease called a peptic ulcer is primarily caused by sores and lesions owing to the excess secretion of the hydrochloric acid and the pepsin enzyme from the histamine cells into the gastrointestinal tract.
The global
portable medical electronic products market is anticipated to grow at a CAGR of
7.5% during the forecast period of 2019-2025, owing to the rising geriatric
population and technological advancements in the healthcare sector. Increasing
healthcare costs and the penetration of smartphones and mobile devices are
stimulating the market.
The
global trauma products market is expected to grow at a CAGR of 6.5% during the
forecast period. Trauma products market is growing rapidly owing to increasing
orthopedic device industry. The trauma products sector is a dynamic field
within the orthopedic devices industry.
The global women health diagnostics market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. Women's major health issues related to the reproductive system include infertility, polycystic ovarian syndrome, menopause, and cancers such as breast cancer, cervical cancer, and urological disorders. According to World Health Organization (WHO), in 2020, there were 2.3 million women diagnosed with breast cancer and 685 000 deaths globally. In addition, there were 7.8 million women who were diagnosed with breast cancer in the past 5 years.
The North American hearing aid market is anticipated to grow at a CAGR of 5.5% during the forecast period. A hearing aid is a device that is specially designed to improve the hearing ability of people suffering from hearing loss or related problems. There are varieties of products available in the market which are introduced by hearing aid market players. These hearing aids can’t restore normal hearing; however, they provide enough support to hear considerably and clearly.
Bariatric surgery market is anticipated to grow at a significant CAGR of 9.2% during the forecast period (2024-2031). The market growth is attributed to an increasing number of obese patients globally and government support for managing obesity through campaigns and awareness programs. According to the International Federation for the Surgery of Obesity and Metabolic Disorders (IFSO), in 2023, 480,970 Metabolic and Bariatric Surgeries (MBS) were performed in 24 countries and from 2 regional registries representing 81.4% of known registries. The majority of patients with obesity who underwent metabolic bariatric procedures are female. The majority of primary operations recorded by all registries are sleeve gastrectomy.
In-vitro diagnostics (IVD) are
tests performed on samples, including tissue or blood that is taken from the
human body. It can detect diseases and can be utilized to monitor the overall
health of a person that enables to cure, treat or prevent disease.
The global 3D bioprinting market is expected to exhibit a CAGR of 13.5% during the forecast period. 3D bioprinting is an emerging area of regenerative medicine. It offers patient-specific spatial geometry, the positioning of several kinds of cells for the creation of tissue engineering scaffolds.
The global urinary flow meters market is estimated to grow at a CAGR of 6.4% during the forecast period. The major factors contributing to the growth of the market include the significant prevalence of bladder cancer and advances in urine flow meters.
The global surgical navigation systems market is projected to grow at a CAGR of 6.8% during the forecast period. The major factor that drives the market growth includes the increasing adoption of minimally invasive procedures coupled with the growing incidence of various diseases across the globe.
The global medical x-ray market
is estimated to grow significantly at a CAGR of 5.8% during the forecast
period. The rising geriatric population is leading to the increasing volume of
orthopedic and cardiovascular procedures, which in turn, is increasing the
demand for x-ray devices in the medical sector.
The global smoke evacuation system market is estimated to exhibit a CAGR of around 7% during the forecast period. The increasing application of the smoke evacuators in various surgical procedures to remove harmful toxic smoke is one of the major factors contributing to market growth.
The global medical nonwoven
disposables market is projected to grow at a significant growth rate during the
forecast period. The growing inclination towards disposable nonwoven products
in hospitals, increasing surgical procedures across the globe, increasing
prevalence of hospital-associated infections and growing infectious diseases
across the globe are the major factors driving the growth of the market.
The global OB-GYN ultrasound systems market is estimated to grow at a CAGR of 5.5% during the forecast period. Increasing prevalence of women's health diseases such as breast cancer, and pre-cancerous disease of reproductive organs such as uterus; incontinence of urine; infections of the vagina; infertility and other vaginal diseases are the major factor that contributes to the growth of the market.
The global light therapy
market is projected to grow at a CAGR of over 6% during the forecast period. The
major factor that drives the market includes the growing adoption of non-invasive
treatment for the various disease coupled with the growing incidence of various
diseases such as sleep disorders, SAD and others across the globe.
The global fertility monitors market is estimated to grow significantly, at a CAGR of above 7%, during the forecast period. The major factors contributing to the market growth include the decline in fertility rate coupled with the increasing awareness about fertility testing.
The global diabetes care devices market is estimated to grow significantly at a CAGR of 6.5% during the forecast period. Various pivotal factors are boosting the market growth which includes rising incidence and prevalence rate of diabetes across the globe, increasing awareness among the population towards diabetes and availability of a variety of diabetes care devices in the market.
The
global atrial fibrillation devices market is estimated to grow significantly at
a CAGR of 13.7% during the forecast period. The major factors contributing to
the market growth include rising prevalence of atrial fibrillation coupled with
the significant incidences of cardiac arrhythmias and rising demand for
minimally invasive procedures.
The
global artificial pancreas device system market is estimated to grow at an
impressive growth rate of 55% during the forecast period. The artificial
pancreas device system consists of two types of devices for diabetes
monitoring; namely, continuous glucose monitoring (CGM) system and insulin
infusion pump.
The global brachytherapy market is estimated to grow at a CAGR of 3.5% during the forecast period. The major factors encouraging the growth of the market include the rising prevalence of cancer coupled with the increasing demand for internal radiation therapy. As per the World Health Organization (WHO), the global burden of cancer is estimated to have increased to 18.1 million new incidences and 9.6 million deaths in 2018.
The global spinal implants market is estimated to grow at a CAGR of 5.4% during the forecast period. The major factors contributing to the market growth include a significant rise in the number of spine surgeries and technological innovations in spine implants. Multiple innovations for the development of spinal implants have been witnessed over the years.
Micro guide catheters market is anticipated to grow at a significant CAGR of 7.0% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for minimally invasive surgeries, catheters medical device adoption in urological, ophthalmic, gastrointestinal, neurovascular, and cardiovascular procedures drives the market growth. Micro guide catheters are specialized medical devices that help other equipment, such as wires and balloons, navigate through the intricate circulatory system during minimally invasive treatments. These catheters are made to enhance control and precision during treatments, which will ultimately benefit the patient.
The global suprapubic catheters market is estimated to grow at a CAGR of around 6.8% during the forecast period. The major factors contributing to the growth of the market include the increasing prevalence of urological disorders and emerging demand for robot-assisted urological surgeries.
The global fetal monitoring market is estimated to grow at a CAGR of 7.6% during the forecast period. The major factors contributing to the growth of the market include the significant rise in preterm births and birth rates and emerging demand for portable fetal monitoring systems.
The global Auditory Brainstem Response (ABR) screening systems market is estimated to grow at a CAGR of 6.9% during the forecast period. The major factors contributing to the growth of the market include the rising incidences of hearing loss and a rapid increase in the number of newborn hearing screening programs.
The global ablation devices market is estimated to grow at a CAGR of 10.6% during the forecast period. The major factors contributing to the growth of the market include the increasing prevalence of chronic diseases and rising demand for minimally invasive surgical procedures.
The global metal implants and medical alloys market is estimated to grow at a significant CAGR of 7.6% during the forecast period. The growing number of road accidents and trauma injuries, increasing demand for minimally invasive surgeries and others are the major factors that are driving the market growth.
The medical implant market is expected to grow at a CAGR of 7.5% during the forecast period. Medical Implant is used to replace a body structure, support a damaged structure, or enhance an existing structure of a part of the body.
The global depth of anesthesia monitoring market is expected to witness a growth rate of 3.6% during the forecast period (2019-2025). During certain surgery or operation, a patient can be administered by anesthesia. There are three types of anesthesia, local anesthesia, regional anesthesia, and general anesthesia.
The global prosthetic heart valve market is anticipated to grow at a significant CAGR of 9% during the forecast period. The increasing prevalence of heart-related diseases coupled with growing approval for artificial heart valves is the major factor propelling the market growth across the globe. CVD are among the leading chronic disease, which includes diseases of heart and blood vessel circulation, heart failure, rheumatic heart disease, hypertensive heart disease, myocardial infarction, and stroke. According to WHO (World Health Organization), CVD accounts for 17.7 million mortality every year, estimated to be nearly 31% of mortality across the globe.
The global hemodynamic monitoring systems market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. Hemodynamic monitoring systems are used in hospitals and other healthcare institutes for continuous monitoring of the blood movements and pressure exerted on the veins, chambers, and arteries of the heart. It is used to monitor a patient’s cardiovascular health, especially in the case of cardiac surgery. Major components of hemodynamic monitoring systems are intravascular catheters, photometric systems, pressure transducing equipment, and electrical devices. These components along with invasive and non-invasive hemodynamic monitoring techniques ensure effective monitoring of the patient’s quality of life, cardiovascular health, and longevity.
The global insulin delivery devices market is projected to grow at a CAGR of 8.7% during 2019-2025. Various pivotal factors are boosting the market growth such as rising incidence and prevalence rate of diabetes, increasing awareness among the population towards diabetes and availability of a variety of insulin delivery devices in the market. Insulin is a necessary element required for the treatment of diabetes patients. Insulin enables a person’s body to use glucose from carbohydrates in the food consumed by the patient for future use.
The global HIV diagnosis and treatment market is estimated to grow at a CAGR of 7.6%, during the forecast period. Rising incidence and prevalence rate of HIV infection across the globe coupled with the technological development of diagnostic tests, such as rapid CD4, EID test and regulatory authority such as approval of POC (point of care testing) for detection of HIV), is driving the market growth.
Home medical equipment market is anticipated to grow at a significant CAGR of 6.1% during the forecast period (2024-2031). The industry growth is attributed to the advancements in medical technology that have made medical care of patients easy in the comfort of home. Innovations in medical device technology have led to the development of more compact, user-friendly, and efficient home medical equipment including wearable devices, and smart healthcare apps that enable patients to monitor their health parameters in real-time and share data with healthcare providers seamlessly.
The global bone densitometer market is growing at a CAGR of 4.9% during the forecast period (2021-2027). The major factors that are contributing to the growth of the market include the rise in the geriatric population across the globe and the increasing prevalence of osteoporosis in post-menopausal women.
The global dialysis equipment market is anticipated to grow at a significant CAGR of 10.7% during the forecast period. The market is expected to continue the growth trend due to the increasing prevalence of osteoporosis in postmenopausal women and the rising geriatric population is estimated to be the major factor that is augmenting the demand for the medical bone densitometers. Furthermore, increasing awareness among consumers regarding early diagnosis, the rising pool of patients suffering from arthritis and vitamin D deficiency, and increasing interest in the measurement of bone density are also estimated to be one of the major factors that are driving the growth of the market. However, certain factors are hindering the growth of the market across the globe.
Female infertility diagnosis and treatment market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). The female infertility diagnosis and treatment market is driven by factors such as high infertility prevalence, technological advancements, increasing awareness, supportive healthcare policies, and changing societal attitudes. Public health campaigns, educational initiatives, and advances in Assisted Reproductive Technologies (ART) have increased demand for early diagnosis and treatment. Government policies and insurance coverage also contribute to industry growth. Socioeconomic factors, such as rising disposable incomes and economic stability, additionally contributed to the demand for infertility diagnosis and treatment services.
Anatomic pathology market is anticipated to grow at a moderate CAGR of 8.5% during the forecast period (2024-2031). Anatomical pathology is the study of organs and tissues to determine the causes and effects of particular diseases. The increasing incidence and prevalence of chronic diseases, including kidney or liver diseases, infectious diseases, and cancer has created demand for the global anatomic pathology market. Cancer cases are growing exponentially across the globe, with most patients suffering from colorectal, lung, prostate, and breast cancer. According to Breastcancer.org about 1 in 8 US women (about 13.0%) will develop invasive breast cancer throughout their lifetime. Biomarkers are presenting a promising approach to the diagnosis of cancer and other diseases. The elevating use of biomarkers disease diagnosis is predicted to accelerate the growth of the anatomic pathology market.
The global ECG market is expected to grow at a CAGR of 6.0% during the forecast period. Electrocardiograph (ECG) is a non-invasive medical test that tracks the electrical activities of the heartbeat over a period of time.
The global needle-free drug delivery devices market is anticipated to grow at a significant CAGR of 14.5% during the forecast period. Increasing the use of injections in healthcare facilities such as hospitals, clinics, and ambulatory surgical centers results in the spread of infectious diseases such as AIDS, Hepatitis B, and Hepatitis C. In addition, some incidences such as administering a tiny air bubble into a vein, or infections can take place that can cause risk to the patient’s life. Needles are often used repeatedly which is very hazardous as they can even transmit diseases to the human body when the same needles are used repeatedly or used incorrectly.
The global intracranial pressure (ICP) monitoring devices market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The increasing prevalence of neurological disorders such as brain aneurysms and Arteriovenous Malformations (AVMs) are estimated to be the major factors driving the growth of the intracranial pressure monitoring devices market. Furthermore, a paradigm shift from an invasive monitoring devices to non-invasive monitoring devices in addition to technological advancements in brain monitoring devices are further fuelling the growth of the market
Infusion therapy devices market is anticipated to grow at a significant CAGR of 4.7% during the forecast period (2024-2031). The rising advancements in technology, the frequency of chronic diseases, outpatient treatments in ambulatory surgery centers, remote monitoring, and home-based healthcare are driving demand for infusion therapy equipment. Additionally, the aging population, cost-effectiveness, and the expansion of the healthcare infrastructure are driving demand.
The global disposable medical sensor market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. Various key factors are contributing to market growth, such as technological advancement in the medical industry, increasing demand for remote patient monitoring devices, and the rising geriatric population. Moreover, the increasing incidences of chronic diseases across the globe, such as acute myocardial infarction and diabetes mellitus in the geriatric population, along with an increasing number of postoperative rehabilitation patients are some other factors augmenting the global market growth.
The global medical adhesives market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 6.5%, during the forecast period. Medical adhesives are utilized in medicine to stick medical devices, dressing, and patching of skin, in fabricating components of medical devices and to seal wounds. Tapes, electrodes, dressings, and patches are the most common type of medical adhesives used in medical applications.
The global injectable drug delivery device market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 9.2%, during the forecast period. Rising incidence and treatment of chronic diseases such as CVD, cancer, diabetes, and other major diseases is one of the major factors augmenting the growth of the global injectable drug delivery devices market.
The global fluoroscopy equipment market is estimated to grow at a CAGR of around 4% during the forecast period.
Photomedicine market is anticipated to grow at a considerable CAGR of 7.0% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for combination therapies including stem cell therapy, immunotherapy, and genetic medicine for treatment of chronic disorders. Photodynamic therapy (PDT) has emerged as a promising alternative cancer therapy. According to the National Center for Biotechnology Information (NCBI), in August 2023, there were 19.3 million newly diagnosed cancer cases and 10.0 million cancer-related mortalities. Projections indicate that the number of cancer cases may rise to 28.4 million by 2040.
The global defibrillators market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The major factors contributing to the market growth include a significant prevalence of CVDs that encourage companies to develop technologically advanced products for the treatment of patients. Patients with cardiac arrest require a device or machinery, which aids to treat arrhythmic heart rhythm. The defibrillator delivers a dose of electric current to the heart. Thus, the rising prevalence of CVDs is the major factor propelling the growth of the global defibrillator market.
The global joint reconstruction market is anticipated to grow at a significant CAGR of 5.4% during the forecast period. The major driving factor for the growth of the joint reconstruction market is the increase in the number of joint replacement procedures due to the rising geriatric population. According to American Joint Replacement Surgical Registry (AJRSR), there were 1,897,050 hips and knee Arthroplasty procedures performed between 2012 and 2019. This rising number of joint replacement procedures is fueling the demand for joint reconstruction devices among end-users, which in turn, is propelling the growth of the overall joint reconstruction industry.
The global STD diagnostics market is segmented on the
basis of disease type, product, and end-user. Based on disease type, the market
is segmented into chlamydia, syphilis, gonorrhea, herpes simplex virus (HSV),
human papillomavirus (HPV), human immunodeficiency virus (HIV) and others.
Preparative and process chromatography market is growing significantly at a CAGR of 6.2% during the forecast period. Chromatography is referred to as the process of separation of the mixture in which the mixture is passed through two phases i.e. mobile phase and stationary phase.
Dental biomaterials market is growing at a CAGR of 8% during the forecast period owing to the backdrop of rising demand for tooth restoration. The rising prevalence of decayed damaged and the fractured tooth has surged the demand for more advanced biomaterials to cater to the need of the increasing tooth harms.
The dental consumables
market is expected to register significant growth over the forecast period.
Rising prevalence of tooth decay or dental caries has surged the demand for
more enhanced dental consumables. Dental consumables are the dental products
use for the treatment of dental harms, treatment of allied gingival tissues and
tooth restoration.
The global mammography workstations market is expected to exhibit a CAGR of 5.8% during the forecast period. Mammography workstation has a significant role in breast cancer screening and diagnosis as digital mammograms is displayed on mammographic workstations that allow monitoring, managing, and storing images.
The global vascular patches market is expected to grow at a 5.3% CAGR during the forecast period. Vascular patches find application in closing sutures in vascular surgeries required to treat cardiovascular diseases (CVDs).
Remote patient monitoring market is anticipated to grow at a CAGR of 13.7% during the forecast period (2024-2031). The rising need for continuous health monitoring in case of chronic disorders has le d to the development of remote patient management (RPM) technologies. Technological advancements, including telecommunications, mobile devices, and wearables, have improved healthcare efficiency and patient outcomes. The COVID-19 pandemic has accelerated RPM adoption, supporting aging populations, reducing costs, and enhancing quality of life.
Immuno-oncology is
the study and development of treatments that leverages the immune system of the
body for fighting against cancer. The immune system of a body is a complex
network of organs, cells, and molecules that protects the human body from a foreign
substance including bacteria and viruses that may lead to the occurring of an
infection.
Specimen
retrieval is broadly used in the laparoscopic surgeries to temporarily contain
specimen and aids in the removal of it from the body of the patient. It is
designed to provide safety to the patient and improve patient’s outcomes by
minimizing the contamination of the abdominal cavity. The primary factors
driving the specimen retrieval market include the increased awareness
pertaining to the specimen retrieval systems for the treatment among the
population.
Nuclear medicine
consists of therapeutic techniques and diagnostic procedures that are carried with
radioisotopes. Two widely known technologies that are used in nuclear medicines
are Positron Emission Tomography (PET) and Single Photon Emission Computed
Tomography (SPECT).
Closed system
transfer devices are referred to drug transfer device that prohibits the
interference of environmental contaminants and prevents the escape of harmful
vapors into the surrounding. There is high demand for closed system transfer
devices in the healthcare sector during the compounding process and
administration of hazardous drugs.
Robotic surgeries are technological developments
that use robotic systems for assisting in surgical procedures. Robot-assisted
surgeries are developed for enhancing the capabilities of surgeons that perform
open surgery. The global robotic surgeries market is estimated to grow at a
considerable rate during the forecast period.
The global ophthalmology PACS market is expected to
witness considerable CAGR during the forecast period. PACS refers to
picture archiving and communication system, a medical imaging technology
which is used to store, retrieve, present and transmit images and
reports. Ophthalmology PACS is used to manage the image data and
eliminates the need to manually file, store and retrieve information.
Vessel sealing devices are used to vaporize the tissues and attain hemostasis by coagulation. Increase in the number of invasive surgical processes performed per year coupled with the growing leads to the technological advancement in medical devices.
Dermal filler is a type of injection which is used to fill up the creases and the wrinkles in the skin. They are utilized to augment the texture and volume of cheeks and lips. The major drivers contributing to the growth of the global dermal fillers market include the obsession people have about the physical appearance and the increasing disposable income.
Osseointegration is also known as direct skeletal fixation (DSF), is a process of procedure that involves fitting an implant directly into the bone, allowing for a prosthesis to be connected to it. Osseointegration implant contains pores where osteoblasts and cells that contain connective tissue can freely migrate.
Cosmetic lasers are the medical devices for cosmetic treatments. A light source of a certain wavelength is used in this technique to produce a thermal effect that results in the lysis or destruction of unwanted cells. In addition, cosmetic laser procedures are minimally invasive and provide significant results.
Breast implants are medical devices that are implanted under the breast tissue or under the chest muscle for increasing (augmentation) breast size or for rebuilding (reconstruction) breast tissue after mastectomy or other damage to the breast. The global breast implants market is influenced by the rising adoption of the breast augmentation procedures in the emerging economies.
Hemostasis valve plays an important role to reduce fluid loss during diagnostic and interventional procedures. These are designed to withstand higher pressure as compared to a basic Tuohy while reducing the risk of air embolism and blood loss. Rising CVD mortalities is primarily boosting the market growth.
Atrial fibrillation refers to an irregular heartbeat that may result in blood clots, stroke, heart failure, and other heart-related complications. Some common causes of atrial fibrillation are in-take of the unhealthy diet, high blood pressure, sleep apnea, lack of exercise, smoking, alcohol abuse, and so on. Valvular heart disease and hypertension are the most common risk factors for atrial fibrillation disease.
The global female infertility market is estimated to grow with the CAGR of 4.7% during the period 2017-2022. The major factors that are augmenting the growth of the female infertility market are changing life style and increasing IVF market. Furthermore, rising trend of surrogacy, growing infertility rate among female, new technologies to avoid multiple embryo implants are the also estimated to be the major factors that are contributing significantly towards the growth of the market.
The global anatomic pathology market is expected to grow at a CAGR of
6.8 % during 2017-2022. The branch of medicine that studies the effect
of disease on the structure of body organs, both as a whole (grossly)
and microscopically is known as Anatomic (or anatomical) pathology.
The global injectable drug delivery market is anticipated to grow at a significant CAGR of 12.8% during the forecast period. The major factor driving the growth of the global injectable drug delivery market is the rising prevalence and incidence of chronic diseases such as diabetes, hormonal disorder, reproductive health issue, and other major diseases. According to the Centers for Disease Control and Prevention (CDC), around 129 million (51.8%) non-institutionalized adults had been diagnosed with at least 1 of 10 selected chronic conditions.
Global In vitro diagnostic market is expected to grow at a CAGR of 6%
during 2015-2021. Global In-Vitro Diagnostic Market is growing at a
modest rate due to technological advancement and R&D in diagnostic
devices and test. Rising fatal diseases such as CVD, CHD, Stroke, Cancer
and other heart diseases are driving the global In vitro diagnostic
market.
The Global Cardiac holter monitor market is expected to grow at a
CAGR of 21.2 % during 2017-2022. The holter monitor is a small battery
operated device that measures the activity of the heart such as rhythm
and rate, this device records the electrical activity of the heart for
longer duration of time.
The Women’s health diagnostics market is projected to witness a steady growth rate of around 8% during the forecasted period 2016-2022. Rising prevalence of infectious diseases in women coupled with the increasing incidences of the chronic & lifestyle disorders are the key factors driving the global women health diagnostics market.
Hernia repair devices market is expected to grow at a considerable rate during the forecast period 2019-2025. Bulging out of fatty tissue or an organ from its normal state is commonly termed as a hernia. This is an age-related disease whose prevalence increases as the age of the person increases.
A shift has been observed from manual to automated beds, which offers the maximum comfort for the patient as well as medical professionals. As per the medical policy, the electric medical beds are not necessarily considered as compared to semi-electric beds, though, the electric beds possess some of the most convenient features such as height adjustment and head & feet motion adjustments.
Surgical microscopes, also known as operating microscopes,
are electrically powered optical devices that are specially designed to
be used in a surgical setting to carry out micro-surgeries. Surgical
microscopes enable surgeons to perform strain-free surgical procedures.
Medical power supply market is expected to grow at a considerable rate during the forecast period 2019-2025. Medical power supply power supplies are deployed in a wide array of medical devices and equipment such as patient monitors, MRI, X-ray, CT and PET scanners, ultrasound, robotic surgical devices, heart-lung machines, and diagnostic equipment.
The global surgical simulation market is segmented on the basis of Application, technology, and end-user. On the basis of application, the market is segmented into laparoscopic surgery, endoscopic surgery, neurological surgery, gynecological surgery, cardiac surgery, and arthroscopic surgery.
The global ultrasonic aspirator market is anticipated to grow at a CAGR of 7.8% during the forecast period. An ultrasonic aspirator is a surgical tool that uses low-frequency ultrasonic vibrations to fragment tissue while simultaneously irrigating and aspirating the surgical field. It has various advantages such as effective bone removal improved visibility, less collateral damage, and many more.
Lithotripsy devices market is expected to grow at a moderate rate during the forecast period 2019-2025. Lithotripsy is a medical procedure which uses ultrasonic energy or mechanical shock waves to treat bladder stones and renal & ureteral stones, once they are located with ultrasound and fluoroscopy.
The global cardiovascular ultrasound market is influenced by various
factors such as the rising prevalence of the CVD across the globe,
advancement in ultrasound technology such as 3D & 4D ultrasound.
Moreover, the benefits of echocardiography over invasive cardiac
diagnostic methods is further propelling market growth.
The global inflation device market is expected to register considerable growth over the forecast period. Major factors prevailing the market growth include increasing adoption of minimally invasive procedures, rising prevalence of chronic diseases such as cardiovascular diseases (CVDs), and limited stringent approval procedures.
Hyperbaric oxygen therapy market is expected to grow at a significant rate during the forecast period 2019-2025. Hyperbaric oxygen therapy is a treatment procedure in which the inspired oxygen is given at a considerably increased atmospheric pressure.
Patient positioning systems market is expected to grow at a moderate rate during the forecast period 2019-2025. Patient positioning systems are referred to as relocating devices that find their wide application in hospitals for the mobility of patients.
Immunoassay market is expected to grow at a
considerable rate during the forecast period 2019-2025. Immunoassay is
performed to check or confirm the presence and amount of specific
substance/proteins in the solution through the use of an antibody or an
antigen. It is a biochemical test for quick and accurate diagnosis. The
test is performed with antigens and antibodies to react with the
solution. Immunoassays are being used in laboratory research, hospitals,
and pharmaceutical companies.
Ophthalmic lasers market is expected to grow at a
moderate rate during the forecast period 2019-2025. Ophthalmic lasers
are referred as the bladeless eye surgery. The lasers are used in
ophthalmic surgeries to cut, photocoagulate, remove and shrink ocular
tissues. There are several types of ophthalmic lasers, such as excimer
laser, femtosecond laser, cyclodiode laser, ND: YAG laser and Selective
Laser Trabeculoplasty (SLT) laser.
Blood group typing is a method to determine the type of blood that a person has. Blood typing is performed so that blood can be donated, or a blood transfusion can be received by a person safely.
Myocardial Infarction Treatment Market is expected to grow at a significant rate during the forecast period 2018-2023. The myocardial infarction or heart attack is a life-threatening condition that occurs due to the blockage of one or more coronary arteries and the blockage in the blood flow to the heart muscle
The global 3D vascular ultrasound imaging market is anticipated to grow at a CAGR of around 4.8% during the forecast period. The rising prevalence of cardiovascular diseases, as well as the growing geriatric population, are anticipated to propel the growth of the global 3D vascular ultrasound imaging market.
Walking assist devices are meant to assist patients with spinal cord
injuries or other mobility-limiting conditions walk. According to the
Centers for Diseases Control and Prevention, a number of adults unable
(or very difficult) to walk a quarter mile was 17.1 million in 2016.
The global electrophysiology devices market is anticipated to grow at a CAGR of 8.3% during the forecast period. Electrophysiology is considered a branch of science, related to electric activity in the human body.
The global heart transplant market is projected to grow at a CAGR of over 10% during the forecast period. The increase in the prevalence of CAD (coronary artery diseases) and increasing heart failure cases are the major factors creating demand for heart transplants and hence driving the market growth.
Breast lesion localization market size was valued at $480 million in 2022, and is projected to reach $812 million by 2030, registering a CAGR of 7.8% during the forecast period (2023-2030). The global breast lesion localization market is expected to witness significant growth during the forecast period due to rising prevalence of breast cancer across the globe. Early detection of the malignancy of palpable and non-palpable breast lesions can result in effective and timely treatment of various breast abnormalities.
The global stroke management market is growing at a considerable CAGR of 6.9% during the forecast period. Rising air pollution increases the risk related to stroke is one of the prime factors affecting and driving the market.
The global invasive sensors market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. A minimally invasive medical procedure is carried out by entering the sensor into the body through the skin, cavity, or anatomical opening, with the smallest damage possible to the body. The global invasive sensors market is growing due to the factors such as technological improvement and the increasing prevalence of chronic diseases. According to the Center for Chronic Disease (CCD), 6 in 10 adults in the US have a chronic disease. In addition, 4 in 10 adults in the US have two or more chronic diseases.
The global microwave ablation market is growing at a considerable CAGR of 13.5% during the forecast period. The rising geriatric population is one of the prime factors affecting and driving the market. Change in lifestyle and increasing adoption of minimally invasive treatment are also estimated to be the prime factors that are contributing significantly towards the growth of the market.
The global peripheral arterial diseases(PAD) market is anticipated to grow at a CAGR of 7.9% during the forecast period. Extra cholesterol and other fats accumulate in the walls of the arteries, causing PAD. This extra build-up, which is known as plaque, narrows a patient's artery and decreases blood flow.
The global NASH biomarkers market is anticipated to grow at a considerable CAGR of 28.6% during the forecast period. NASH is a condition in which fat develops in the liver. NASH normally develops in patients affected with one of the conditions, including dyslipidemia, glucose intolerance, and obesity. The growing number of non-alcoholic fatty liver diseases (NAFLD) is significantly propelling the growth of the global NASH biomarkers market. According to Frontiersin.org, it is one of the most common causes of chronic liver disease across the globe with a prevalence rate of around 25-30%. To detect NASH disease, some invasive and non-invasive methods are available which include liver biopsy, imaging technology, and biomarkers.
The global pericardial disease market is anticipated to grow at a CAGR of around 5.5% during the forecast period. Pericardial disease is a medical condition that involves swelling and irritation in the pericardium. The pericardium is a two-layer sac that separates the heart from surrounding structures and protects it from vibration and external shocks.
The global market for organ-on-chip is projected to have a CAGR of around 34.1% during the forecast period. Organs-on-chips (OoCs), also known as microphysiological systems (MPS) or ‘tissue chips’ has the potential to be informative at multiple stages of the drug discovery and development process.
The global renal replacement therapy market is growing at a considerable CAGR of around 7.3% during the forecast period. The key factors that drive the market growth include, increasing Incidence of Acute kidney injury (AKI) across the globe, the growing number of ICU Patients is projected to enhance the market growth, increasing incidence of Sepsis, and Increasing technological advancement also acts as a market driver.
The global gene amplification market is expected to grow significantly
during 2018-2023. Gene amplification is a process of producing multiple
copies of a gene with the other genes remain unaffected. It can be done
by duplication of a region of a DNA containing the gene. Gene
duplication is the result of genetic errors in a cell or group of cells.
The successful completion of the human genome project is one of the
major factors to contribute to the growth of the global gene
amplification market.
Colonoscopy is an endoscopic examination which targets large bowel and some distal parts of small bowel to screen colorectal cancer. Colonoscopes and visualization systems, such as charge-coupled devices (CCD) camera and fiber optic camera, are generally used to conduct colonoscopy procedure.
The global molecular diagnostics market is anticipated to grow at a significant CAGR of 9.9% during the forecast period. The molecular diagnostics involves the application of a large array of techniques, right from the molecular biology to conducting various tests for analyzing biological markers in the genome and proteomes.
The global dental bone graft substitutes market is anticipated to grow
at a significant CAGR during the forecast period (2018-2023). The growth
of the market is attributed to the increasing geriatric population and
rising medical and dental tourism in emerging countries such as India,
Thailand, and Malaysia. Furthermore, increasing demand for cosmetic
dentistry and a rising prevalence of dental caries along with increasing
per capita health expenditure are also estimated to have a significant
impact on the growth of the market.
The global ventilator market is projected to exhibit growth of over 6% during the forecast period. A ventilator is a machine that is required for patients suffering from low oxygen levels. The increase in the prevalence rate of chronic obstructive pulmonary diseases along with the rapid rise in the geriatric population gives a boost to the growth of the market.
The global in-vitro fertilization (IVF) market is growing at a significant CAGR of nearly 9.6% during the forecast period. IVF plays a vital role in the health care sector for the treatment of infertility. It is a series of procedures that are used to prevent genetic problems and treat infertility while supporting the conception of a child.
Dental Sterilization Market is expected to grow at a considerable rate during the forecast period 2019-2025. Dental sterilization is a process to control infection and ensure patient safety. Sterilization is defined as the process of eliminating biological and transmissible agents such as viruses, fungi, bacteria, spore forms, and other different agents.
The global fertility testing devices market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. Fertility testing devices are electronic devices that are used to monitor and analyze the changes in hormone levels in urine, body temperature, saliva, and other samples to predict or detect the fertility of the user.
The global dialysis market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. Generally, dialysis is needed when end-stage kidney failure is developed, by this time the patient loses about 85-90% of their kidney function and has a GFR (Glomerular filtration rate) of less than 15. Dialysis products use a fluid containing a mixture of pure water and chemicals to carefully eliminate the toxins from the patient's blood. The increasing prevalence of diabetes and hypertension is the major factor driving the dialysis market over the forecast period.
Anesthesia monitoring devices include a large array of devices that are used to monitor the delivery of fluids, drugs and gases to the patient. The devices help to monitor and measure vitals of patients to ensure the safety. The rise in geriatric population and increasing rate of surgeries around the world is the major driving factor for the market.
The global cryoablation market is expected to grow at an impressive CAGR of 11.2% during the forecast period. The major factors that are augmenting the growth of the cryoablation market include an increase in the prevalence of chronic diseases such as cancer and changing lifestyles.
The global chlamydia diagnosis and treatment market is growing at a considerable CAGR of 6.0% during the forecast period. Change in lifestyle is one of the prime factors affecting and driving the market.
The global critical care market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. Critical care equipment includes a large array of equipment used for critical and intensive care of patients. Equipment such as heart monitors, pulse oximeters, infusion pumps, and ventilators are vital for providing better care and treatment to patients. The major driving factor for the growth of the critical care equipment market is an increase in the prevalence of heart disease including cardiovascular disease and the rising geriatric population.
The global breast imaging market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period. The market was valued at $3.7 billion in 2019 and is anticipated to reach $5.6 billion in 2026. Breast imaging is the process of reproduction of the breast’s form. It supports medical professionals to identify breast abnormalities and diagnose them with imaging technologies.
The global laparoscopic instrument market is anticipated to grow at a substantial CAGR of 7.8% during the forecast period. The increasing trend for the need for minimally invasive procedures, increasing number of bariatric surgeries, and collaborations organizations like the International Society of Gynecologic Endoscopy (ISGE) with healthcare sectors are some of the factors that are estimated to drive the market growth in the forecast period.
A physical structure diffracting light into an image is a hologram. A hologram can be the encoded material or the resulting image. A holographic image can be seen by looking into an illuminated holographic print.
The global eye care surgical device market is growing at a CAGR of 4.6% during the forecast period. The growing prevalence of ophthalmic diseases and advancement in technology related to eye care is one of the prime factors affecting and driving the market.
The global inhaler market is growing at a CAGR of 5.9% during the forecast period. Increasing the adoption of therapies is one of the prime factors affecting and driving the market.
The global respiratory device market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Major factors augmenting the respiratory device market is the high prevalence of COVID-19, sleep apnea, asthma and COPD patients globally. Changing lifestyle and increasing obesity is also one of the major factors for rising cases of respiratory diseases.
Medical radiation shielding market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as the increase in safety awareness among practitioner while handling the radio-active system, increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, and rising incidences of chronic diseases including cancer. Medical radiation shielding is also used for radiologic applications including X-ray, MRI, and other diagnostic imaging applications, the increasing number of hospitals and installation base equipment and the rising number of diagnostic imaging centers also drive the growth of the radiation shielding market.
The global medical suction devices market is anticipated to grow at a CAGR of 5.7% during the forecast period. The major factor driving the growth of the market include the increasing demand for compact and portable devices and a shift in business model from traditional healthcare settings to home healthcare.
The global medical image analysis software market is growing at a CAGR of 8.1% during the forecast period. Medical imaging has revamped the process of disease diagnosis in recent years and the rapid advancement in imaging technologies has further simplified the diagnosis process.
The global market for influenza diagnostic is projected to have a considerable CAGR of around 8.3% during the forecast period. Influenza is a contagious respiratory illness that the influenza virus causes leading to the infection of the nose, throat, and sometimes the lungs. It can result in mild to severe illness and sometimes can lead to death.
Sinus dilation devices market is anticipated to grow at a significant CAGR of 9.0% during the forecast period (2024-2031). The market growth is attributed to the increase in demand for minimally invasive procedures, increasing awareness of balloon sinuplasty's benefits over other traditional methods, and an increasing prevalence of chronic sinusitis driving the market industry. According to the National Center for Biotechnology Information (NCBI), in August 2023, acute rhinosinusitis is a common diagnosis, accounting for approximately 30 million primary care visits and $11 billion in healthcare expenditure annually. It is also a common reason for antibiotic prescriptions in the US and throughout the globe.
The global breast biopsy market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2021-2027). A breast biopsy is a procedure in which tissues are removed from the affected or suspicious area.
The global angioplasty balloons market is growing at a considerable CAGR of 3.2% during the forecast period. The rising pervasiveness of coronary artery diseases is one of the prime factors affecting and driving the market.
Global Angiography Equipment Market is anticipated to grow at a modest rate during the forecast period. Angiography is a medical imaging technique that is used to visualize the blood vessels and other organs of the body such as arteries, veins and the heart chambers.
The global urology devices market is anticipated to grow at a CAGR of around 5.1% during the forecast period. Urological devices are those that are used to treat urinary tract diseases. The rising prevalence of kidney stones, prostate cancer, urinary tract diseases, traumatic injury, congenital abnormalities, and stress incontinence is the primary driver of market growth.
The global high blood pressure/hypertension drugs and monitoring device market is growing at a considerable CAGR of 5.8% during the forecast period (2021-2027). Hypertension is one of the major causes of fatalities across the globe and occurs due to resistance in the blood flow caused by narrowed arteries.
Tumor ablation market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for minimally and non-invasive therapies, the growing adoption of advanced tumor ablation techniques, and the rising prevalence of cancer. According to the World Health Organization (WHO), in February 2024, there were an estimated 20 million new cancer cases and 9.7 million mortalities in 2022. The estimated number of people who were alive within 5 years following a cancer diagnosis was 53.5 million. About 1 in 5 people develop cancer in their lifetime, approximately 1 in 9 men and 1 in 12 women mortality occurs from the disease.
The global kidney stones treatment market is growing at a CAGR of around 5.2% during the forecast period. The market growth is attributed to various factors including the increasing incidences of urolithiasis and an increase in efficacy of the products that provide convenience for the patients.
Global LASIK eye surgery market is anticipated to grow at a CAGR of 7.3% during the forecast period. LASIK is Laser-assisted in situ keratomileusis is one of the most common eye surgeries that is used to correct vision errors including Hyperopia, Myopia, and Astigmatism.
Fluoroscopy system market is anticipated to grow at a CAGR of 4.3% during the forecast period (2024-2031). Fluoroscopy system is a medical imaging system that utilizes X-ray technology to capture continuous images of moving internal structures, enabling physicians to monitor and guide various medical procedures in real time. The market growth is driven by growing spending on advanced scanning technology such as digital fluoroscopy and flat-panel detectors for chronic disease treatment.
The global sleep apnea device market is growing at a considerable CAGR of 7.8% during the forecast period. Increasing pervasiveness of cardiovascular diseases and growing innovation and development of new products are estimated to be the prime factors that are contributing significantly towards the growth of the market.
The global implantable sensors market is growing at a considerable CAGR of 8.6% during the forecast period (2021-2027). The implantable sensors play a critical role in medical applications such as monitoring and diagnosis. The major factor that is augmenting the growth of the market includes the high demand for self-monitoring systems for early problem identification.
The medical sensors market is expected to grow significantly during the
forecast period (2018-2023). Medical sensors measure body’s physical
functions and convert it into an optical or electrical signal. These
sensors play a key role in the monitoring of chronic diseases such as
cardiovascular, diabetes and respiratory diseases.
The global vision care market is growing at a considerable CAGR of 5.4% during the forecast period (2021-2027). The major factors augmenting the growth of the market include rise in geriatric population and technological advancements in eye care. Additionally, increase in usage of electronic devices has also resulted in eye disorders.
The global ultrasound market is growing at a CAGR of 5.8% during the forecast period. The growing pervasiveness of chronic diseases, Advancement in technology is one of the prime factors affecting and driving the market.
The global spirometer market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. A spirometer is an instrument used to measure the air capacity of the lungs. It measures the volume of air expelled by the lungs and entering the apparatus. The spirometer is used to monitor various respiratory diseases such as asthma, emphysema, and bronchitis, among others.
The global insulin pump sensor market is growing at a considerable CAGR of 8.2% during the forecast period. Rising demand for wearable insulin pump is one of the prime factors affecting and driving the market.
The global insulin delivery devices market is expected to grow at the
CAGR of 8.5% during 2017-2022. There are various pivotal factors that
are boosting the market growth which includes rising incidence and
prevalence rate of diabetes patients, increasing awareness among
population towards the diabetes and a variety of insulin delivery
devices and so forth. Insulin is a necessary element required for the
treatment diabetes patients. Insulin enables a person’s body to use
glucose from carbohydrates in the food consumed by the patient for
future use.
The global blood pressure monitoring devices market is growing at a considerable CAGR of around 11.2% during the forecast period. The increasing demand for BP(blood pressure) monitors owing to the rising geriatric population and prevalence of chronic diseases across the globe.
A ventilator is a medical device or respirator which provides mechanical ventilation by moving breathable air into and out of the lungs. Ventilators used in neonate treatment are called neonatal ventilators. Premature births are one of the leading causes of infant mortality, due to respiratory failure.
The global market for dental care equipment is projected to have a CAGR of around 5.3% during the forecast period. Increasing demand for cosmetic dentistry and the rising prevalence of dental caries due to the growing geriatric population estimated to be the major factors that are driving the growth of the market.
The global market for lung cancer diagnosis & treatment is projected to have a CAGR of around 7.2% during the forecast period. Lung cancer occurs when cells of the lung become abnormal and begin to grow out of control. As more cancer cells develop, they form into a tumor and spread to other areas of the body.
Global peptic ulcer testing market is projected to witness a significant
growth rate during the forecasted period 2017-2022. The growth of the
market is backed by the increasing incidences of stomach cancer coupled
with the changing lifestyle & food habits such as untimely meal
patterns, excess consumption of fatty foods, chronic acidity and food
poisoning. As per American Cancer Society, around 28,000 cases of
stomach cancer is estimated to be diagnosed in the U.S. in 2017, up from
26,370 cases in 2016 and about 10,960 individuals are projected to die
due to it.
The global non-invasive cancer diagnosis market is anticipated to grow at a CAGR of 7.2% during the forecast period. A non-invasive cancer diagnosis is a method of detecting cancer conditions with just a small incision in the body.
Point-of-care devices are used for early detection and management of disease of the patients. Technologies such as biosensors, assays, lab-on-chip and many others are aiding towards the development of these point of care devices. The major driver contributing to the growth of the point-of-care diagnostics market is the increasing prevalence of chronic and infectious diseases across the globe.
The global cardiac ablation market is anticipated to grow with the CAGR of 12.6% during 2017-2022. Increasing geriatric population, rising prevalence of cardiovascular diseases are estimated to be the major factors that are augmenting the growth of the cardiac ablation market.
Global disposable medical sensors market is expected to grow at a CAGR
of 10.5 % during 2017-2022. The portable scanning devices intended for
diagnosis, patient monitoring and therapeutic processes is known as
Disposable medical sensors. Disposable medical sensors are designed to
detect and provide information in the form of electrical signals by
converting patient’s various forms of stimulations.
The global hemodynamic monitoring systems market is anticipated to grow with the CAGR of 4.5% during the 2017-2022. Increasing prevalence of the cardiovascular diseases and technological advancements in the hemodynamics monitoring systems are the major factors that are augmenting the growth of the market.
The Home Medical Equipment market is expected to grow at a CAGR of 8%
from 2017-2022, owing to rising geriatric population and technological
advancements in the healthcare sector. Increasing healthcare costs and
rising incidences of chronic diseases are also stimulating the market.
Furthermore, need for affordable healthcare treatment options is also
expected to boost market growth during the forecasted period.
The Global ICP monitoring devices market is anticipated to grow with the CAGR of 6.4% during the period 2017-2022. Increasing prevalence of the neurological disorders across the globe and traumatic accidents, along with increasing brain injuries are estimated to be the major factors that are augmenting the demand of the intracranial pressure monitoring devices market.
This market research report on global portable medical electronic
products market published by Orion Market Research presents in-depth
analysis of portable medical electronic products by equipment,
applications, end users and geography. The market is expected to grow at
a CAGR of 8.5% from 2017-2022, owing to rising geriatric population and
technological advancements in healthcare sector. Increasing healthcare
costs and penetration of smart phones and mobile devices
Infusion therapy technology is defined as a drug delivery technique in
which medication is provided via needle or catheter. Infusion therapy is
used, when medication cannot be provided to patient orally. Needles,
Infusion pumps, I.V. sets, and docking stations are the most common
infusion therapy devices used in medical applications.
The global coronary stent market is anticipated to grow at a CAGR of around 6.9% during the forecast period. A coronary stent is a mesh-like small elastic tube made up of metal such as cobalt alloy or stainless steel that acts as support.
The global medical adhesives therapeutics market is anticipated to grow at a significant CAGR of 30.1% during the forecast period. Medical adhesives therapeutics are used in medicine to stick medical devices, dress, and patching of skin, in fabricating components of medical devices, and seal wounds. Tapes, electrodes, dressings, and patches are the most common type of medical adhesives used in medical applications. It is majorly used in surgical applications in place of staples and sutures.
The Global sexually transmitted disease market
is expected to grow at a CAGR of 8.7% during the forecast period
(2017-2022). A group of illnesses that can be transmitted from one
person to another through the sharing of body fluids, vaginal fluids,
blood and so forth is known as STD (Sexually Transmitted Diseases).
The global market for PET-CT Scanner is projected to have a considerable CAGR of around 5.7% during the forecast period. PET-CT (Positron Emission Tomography and Computed Tomography) is a nuclear medicine technique combined with computed tomography. PET-CT scanning is used for the diagnosis of diseases such as cancer, brain abnormalities, and myocardial infarction.
Endoscopy devices market is expected to grow at a CAGR of 6.2% during 2018-2023, owing to rising prevalence of diseases requiring endoscopy for diagnosis and technological advancements in healthcare sector Increasing expenditure on healthcare and patient preference for minimally invasive surgeries are also stimulating the market.
The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). Interventional radiology is a technique that guides minimally invasive surgical procedures for the diagnosis and treatment of various diseases in nearly every organ system.
The global pain management devices market is growing at a considerable CAGR of 7.3% during the forecast period (2021-2027). The increasing prevalence of chronic diseases along with the easy availability of technically advanced pain management devices in the market are the key factors to drive the growth of the global pain management devices market.
The global bioabsorbable stents market is anticipated to grow at a CAGR of around 11.5% during the forecast period. Iron and magnesium are the most common metal alloys used for making bioabsorbable stents.
The Global defibrillators market is expected to grow at a CAGR of 7.2%
during 2017-2022. Defibrillation is the treatment of chronic
cardiovascular diseases such as cardiac dysrhythmias, such as
non-perfusing ventricular tachycardia (VT) and ventricular fibrillation
(VF) through a device called defibrillators.
The global holographic imaging market is anticipated to grow at a CAGR of around 12.5% during the forecast period. A hologram can be the encoded material or the resulting image. A holographic image can be seen by looking into an illuminated holographic print.
The global Human Immunodeficiency Virus (HIV) diagnosis and treatment
market is expected to grow at a CAGR of 7.6 % during 2017-2022. The HIV
impact on the immune system of human body and weakens the individual
defense system against any infections.
mHealth market is anticipated to grow at a significant CAGR of 9.5% during the forecast period (2024-2031). The market growth is attributed to the increased usage of digital health services for remote patient monitoring is driving up demand for mHealth apps. It is also expected that the proliferation of cell phones among adults and teenagers will propel the development of mHealth platforms and technology. According to the National Center for Biotechnology Information (NCBI), in December 2021, the total market size of mHealth applications globally was forecasted to reach nearly $100 billion in 2021. In the US, more than 60.0% of patients use mHealth applications and other digital devices to manage their health, while in China, the number of active users of the most popular mHealth applications was over 10.5 million in January 2020.
The global biosurgery market is anticipated to grow at a CAGR of 6.8% during the forecast period. The major factors that are driving the growth of the market include an increasing number of surgeries and sports-related and trauma surgeries, rising demand for technologically upgraded surgical processes, and rising adoption of minimally invasive surgeries across the globe.
The dialysis equipment market is estimated to grow at a CAGR of 6.5%
from 2017-2022. According to a recent report by Orion Market Research,
increasing prevalence of diabetes and hypertension is the major factor
driving dialysis equipment market.
The Prosthetic heart valve market is expected to grow
significantly at a CAGR of 11.8% during 2017-2022. It is an implanted
device which is increasingly adopted by patients suffering from valvular
heart disease. Prosthetic heart valve is gaining momentum due to rising
geriatric population, growing heart diseases.
The joint reconstruction devices is highly competitive and fragmented
with the presence of numerous domestic and global vendors. In addition,
the joint reconstruction market is projected to witness a steady growth
rate at CAGR of 6.8% during the forecasted period 2017-2022.
Global Catheters market is
projected to grow at a CAGR of 8.5% during the forecast
period. Catheters define as a flexible tube injected into the body cavity to
diagnose disease and make medical procedures. Catheters are made from medical
grade material and serve various functions, including administration of
intravenous fluids,
The global medical bone densitometers market is anticipated to grow at a significant CAGR of 10.7% during the forecast period. The market is expected to continue the growth trend due to the increasing prevalence of osteoporosis in postmenopausal women and the rising geriatric population is estimated to be the major factor that is augmenting the demand for the medical bone densitometers. Furthermore, increasing awareness among consumers regarding early diagnosis, the rising pool of patients suffering from arthritis and vitamin D deficiency, and increasing interest in the measurement of bone density are also estimated to be one of the major factors that are driving the growth of the market. However, certain factors are hindering the growth of the market across the globe.
The global ophthalmic devices market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The market growth is attributed to the increase owing to the rising prevalence of eye diseases and technological advancements in the diagnostics domain. A rapidly aging population and patient preference for minimally invasive surgeries are also stimulating the market. Furthermore, the need for sophisticated healthcare facilities and quality care for patients is also expected to boost market growth during the forecast period.
Global wearable medical device market are expected to grow at a CAGR of
19.3% for the forecasted period of 2016-2021. Wearable health device
includes sleep trackers, activity trackers, insulin pumps, sports
trackers, heart rate monitors, accelerometers, pain management devices,
respiratory devices and other major wearable devices. Wearable health
device are made of various components which includes accelerometers,
The global smart medical devices market is anticipated to grow siginificantly at a CAGR of 24.5% during the forecast period. A smart medical device is a software-based appliance that may be utilized for a wide range of therapeutic and diagnostic applications. It's been employed in a variety of applications, including heart rate monitoring, glucose monitoring, pain management, and insulin delivery, among others.
The global biopsy devices market is anticipated to grow at a CAGR of over 6.0% during the forecast period. The major factors driving the growth of the market include the increasing number of cancer cases coupled with the growing demand for minimally invasive surgeries.
North American Hearing Aid Market is growing modestly at a CAGR of 4.6%
during 2017-2022 due to variety of pivotal factors which includes rising
hearing disorders, improved healthcare system and technological
advancement.
The Photomedicine market is anticipated to witness an impressive growth
rate. Increasing trend of cosmetic surgeries globally is a major factor
driving the photomedicine market. Photomedicine includes treatment of
the diseases with the application of light.
The global sleep aid market is anticipated to grow significantly at a CAGR of 7.0% during the forecast period. The factors that are driving the growth of the market include the rising geriatric population and increasing incidences of sleep disorders.
The global tissue diagnostics market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The need for more accurate diagnosis in cases of cancer has resulted in the development of more advanced diagnostic technologies such as tissue diagnostics. Cancer is a fatal disease and it is prevalent across the globe with a huge economic burden in emerging and low-middle income group countries. It has a considerable presence in developed and developing economies such as the US, UK, Spain, China, India, and Korea. Tissue diagnosis includes Haematoxylin & Eosin (H&E) Stain, Immunohistochemistry (IHC) Test, Fluorescent in Situ Hybridization (FISH) Test, Silver in Situ Hybridization (SISH) Test, Pathology, and other stain tests. These diagnostic services are widely available and due to technological advancement, innovation and efficient results these diagnostic devices are in huge demand.
The global refurbished medical devices market is anticipated to grow considerably at a CAGR of 12.3% during the forecast period. The market is being driven by an increase in the adoption of low-cost refurbished equipment, increased demand in emerging nations due to budget constraints, increasing privatization of the healthcare sector, and an increase in sales due to online marketing.
Neuroprosthetics market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to an increasing incidence rate of diseases such as Parkinson's, epilepsy, auditory, ophthalmology, neuromuscular junction/muscle disorders, Alzheimer's, and severe depression. According to the World Health Organization (WHO), in March 2024, over 1 in 3 people were affected by neurological conditions, the resulting cause of illness and disability globally. Over 80.0% of neurological deaths and health loss occur in low- and middle-income countries, and access to treatment varies widely, high-income countries have up to 70 times more neurological professionals per 1,00,000 people than low- and middle-income countries.
The minimally invasive surgical instrument market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). The minimally invasive surgical instrument comprises tools and devices utilized in surgeries with smaller incisions compared to traditional open surgeries. These instruments are designed to facilitate reduced recovery, less pain, and enhanced precision during surgical procedures. The market growth is driven by the rising frequency and volume of surgeries with advancements in precision-based surgery tools such as robotic-assisted systems, and healthcare cost containment.
The global market for trauma products is projected to have a considerable CAGR of around 5.8% during the forecast period. Trauma products are the innovative instruments and technology that are used for physical injuries and wounds caused due to external sources.
Cardiac catheter sensor market is anticipated to grow at a significant CAGR of 9.2% during the forecast period (2024-2031). The market growth is attributed to the increasing incidence of cardiovascular disease and the high demand for less invasive procedures combined with improved medical imaging. The proper cardiac analysis has been enabled as a result of a sensor's capacity to handle vast amounts of data quickly, driving the growth of the market. According to the National Center for Biotechnology Information, in June 2023, in the US, more than 1,000,000 cardiac catheterization procedures are performed annually. With significant advances in the equipment used for cardiac catheterization, the improved skill of the operators, and newer techniques, the rates of these complications have been reduced significantly.
Global ECG market is expected to grow at a CAGR of 6.1% for the
forecasted period of 2016-2021. The market is segmented on the basis of
segments, type of lead and end users. EGG segments include resting
systems, stress systems and Holter monitor systems. The market by lead
type includes single lead, 3-6 leads and 12 leads. End users include
hospitals, clinics, diagnostic centres and home care.
Blood collection market is expected to grow at a CAGR of 5.6% during the forecast period 2018-2023. The factors driving the market growth includes increasing number of patients with chronic diseases that lead to higher number of surgeries, and global rise in cases of accidents.
The global pharmacy automation market is growing at a considerable CAGR of 8.5% during the forecast period. Rising application and products to serve variety of pharmaceutical domains is one of the prime factors affecting and driving the market.
The global smart syringe market is anticipated to grow at a significant CAGR of 10.3% during the forecast period. The factors driving the smart syringe market are the increasing number of diseases and infections transmitted due to improper and unsafe injection practices. Rising cases of chronic diseases and the increasing geriatric population are also factors responsible for the growth of the smart syringes market.
The global magnetic resonance imaging (MRI) market is anticipated to grow at a substantial CAGR during the forecast period. MRI devices are electromagnetic imaging devices, which use radiofrequency to produce medical images.
The global corrosion inhibitor market is projected to grow at a significant CAGR during the forecast period. The major factors that are augmenting the growth of the market include the growing industrialization across the globe which ensures rising investments in the power sector.
Global 3D printing in the healthcare market is expected to grow at a CAGR of 22.4% during the forecast period of 2020-2026. The market is driven by the growing popularity of 3D printing, rising demand for implants, and technological advancement.
The global digital pathology market is anticipated to grow at a significant CAGR during the forecast period. Digital pathology devices serve as important tools for pathologists. The accomplishments in the digital pathology field have improved the workflow of labs, thereby enhancing the pathologist's role in diagnostics.
The Global infertility diagnosis and treatment market is expected to
grow at CAGR of 6.3% from 2018 to 2023. In Vitro fertilization (IVF) is
the largest segment of infertility diagnosis and treatment market and
expected to be the largest segment in the forecast year, however, Semen
Analysis is the fastest growing segment of infertility diagnosis and
treatment market during the forecast period of 2018-2023.
The global medical gases and equipment market is anticipated to grow at a considerable CAGR of 11.3% during the forecast period. The market is driven by various essential factors which include the high prevalence of respiratory diseases and the growing aging population globally. The use of medical gases has increased in the home healthcare system and remote locations due to the increase in remote monitoring of patients. Oxygen is the most widely used pure gas due to emerging demand from the healthcare domain.
The 3D bioprinting market is anticipated to witness an impressive growth rate during the forecasted period. According to analysts’ estimate the 3D bioprinting market is expected to grow impressively with a CAGR of 17.3% during 2016-2021. The pivotal factors contributing in the growth of 3D Bioprinting Market includes rising incidences of life style oriented diseases, massive demand for organ & tissue transplants and improvement in life expectancy rate.
The global dental implants and prosthetics market is anticipated to grow at a CAGR of around 8.8% during the forecast period. The rising applications of dental implants in various therapeutic areas, as well as the rising demand for prosthetics, are anticipated to drive the market.
The global clinical laboratory services market is anticipated to grow at a CAGR of 6.4% during the forecast period. The major factor that is augmenting the growth of the market includes improved healthcare infrastructure in emerging economies.
The global medical lifting sling market is growing at a CAGR of nearly 11.0% during the forecast period. The major factors that are augmenting the growth of the market include a significant prevalence of the disabled population, favorable government policies promoting the market growth, and increasing prevalence of chronic diseases.
The global fetal and neonatal care equipment market is growing at a significant CAGR during the forecast period. The major factors that are augmenting the growth of the market are the increasing birth rate coupled with more infant fatalities and premature deliveries.