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Preventive Healthcare Technologies and Services Market Scrutinized in New Research

4 min read

The competitive landscape of the global preventive healthcare technologies and services market includes players such as Dilon Technologies Inc., Alere Inc., Medtronic Inc., Healthways Inc., Omron Healthcare Inc., Merck & Co. Inc., and ScriptPro LLC. The key players are investing heavily in proteomics and genomics with the increased demand for personalized medicines. Furthermore, the market players are focusing on emerging economies where the market has a significant potential to grow in the near future.

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High Cost of Installation to Restrain Growth of Global Preventive Healthcare Technologies and Services Market

Increasing public awareness about prophylaxis and constructive government policies have played a pivotal role in the growth of the global preventive healthcare technologies and services market. The introduction of advanced technologies has significantly reduced the cost of healthcare. However, high costs of installation and maintenance of healthcare IT solutions have dampened the adoption of preventive healthcare technologies and services. “Deficient patient engagement activities have hampered the motivation of physicians and pharmacists to adopt preventive healthcare technologies,” a TMR analyst notes.

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Favorable Regulatory Environment Augments Demand for Preventive Healthcare Technologies and Services across North America

North America remains the largest market for preventive healthcare technologies and services and is anticipated to retain its position during the forecast horizon. A conductive regulatory environment and a comprehensive healthcare reimbursement scenario have helped the growth of the market across this region. In 2003, the United States Medicare Prescription Drug Improvement and Modernization Act made provisions for physicians to avail grants worth US$50 mn to cover the costs of acquisition, installation, and upgrade of preventive healthcare software solutions and technologies. The act also made provisions for availing funds for training staffs. This significantly encouraged the regional healthcare facilities to adopt IT services, thereby aiding the growth of the global healthcare technologies and services market.

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Lack of Robust Healthcare Structure Hampers Growth of Global Preventive Healthcare Technologies and Services Market across Asia Pacific

Europe is the second largest market for preventive healthcare technologies and services. Though the market has ample opportunities to grow across Asia Pacific and Rest of the World, the rate of adoption of preventive healthcare services in these regions is expected to be slow. “The sluggishness in the growth of these regional markets can be attributed to the lack of a robust healthcare infrastructure,” TMR report states.

The global preventive healthcare technologies and services market is anticipated to expand at a CAGR of 9.7% during the period from 2014 to 2020. The overall market was worth US$72.8 bn in 2013 and is projected to reach a valuation of US$144.8 bn by 2020.

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Fluoroscopy and Mobile C-arms Market Detailed in New Research Report

4 min read

A research report on the global fluoroscopy and mobile C-arms market, published by Transparency Market Research (TMR), states that the market is likely to register a moderate CAGR of 3.0% during the period from 2013 and 2019.The research report titled, “Fluoroscopy and Mobile C-arms Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” expect this market to increase from an approximate value of US$1.0 bn in 2012 to over US$2.0 bn by the end of the forecast period.

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Fluoroscopy is a medical imaging technique that is utilized to get real-time moving images of the interior of a human body. C-arm is a medical imaging device with a C-shaped arm that connects the X-ray source and X-ray detector to each other. The development of innovative C-arms has widened their application area, adding significantly to the growth of the worldwide fluoroscopy and mobile C-arms market.

The rising need for orthopedic surgeries, on account of the increasing incidence of sports injuries and road accidents, is fueling the demand for fluoroscopy and mobile C-arms across the world. The rapid growth of the geriatric population is also boosting this market substantially in the global arena, notes the study.

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According to the report, fluoroscopy equipment and mobile C-arms are the two major products available in the global fluoroscopy and C-arms market. In 2012, the fluoroscopy equipment segment led the worldwide market in terms of revenue and the C-arms segment dominated this market in terms of volume. The C-arms segment has been further categorized into mini C-arms and full-size C-arms. The full-size C-arms segment is likely to record a faster growth rate among the two during the forecast period.

Asia Pacific, North America, Europe, and the Rest of the World have been identified as the key regional markets for fluoroscopy and mobile C-arms in this research report. In 2012, North America led the worldwide market in terms of both value and volume. The rising investments for infrastructural development of the medical and healthcare industry, growing uptake of advanced medical imaging techniques, and the increasing disposable income of people across the world is driving the North America fluoroscopy and mobile C-arms market since the last few years.

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Over the forecast period, the Asia Pacific region is expected to register the highest growth rate among all the regional markets for fluoroscopy and mobile C-arms. The presence of abundant untapped opportunities, improvement in healthcare infrastructure, and the increasing awareness among people regarding medical imaging procedures and their benefits are likely to fuel the demand for fluoroscopy systems and mobile C-arms in this region in the coming years, states the research study.

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Fundus Cameras Market Explored in Latest Research

4 min read

A new Transparency Market Research report states that the global fundus cameras market, pegged at US$220.5 mn in 2012, is anticipated to reach US$300.5 mn by 2019, expanding at a CAGR of 4.50% from 2013 to 2019. The title of the report is, “Fundus Cameras Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013 - 2019.”

A fundus camera is a unique low-power microscope having an attached camera; this optical system is utilized for imaging the eye’s retina. Fundus photography images the retina, called the neurosensory tissue in the eye, which helps in translating the optical images seen by the eye into electrical impulses. The retina is photographed directly owing to the fact that the pupil is utilized as both an exit and an entry for the fundus camera’s imaging and illuminating light rays. Ophthalmologists utilize these retinal photographs for following up, diagnosing, and treating eye diseases.

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According to the report, the continuous growth in the aging population globally and the rising occurrence of retinal disorders are amongst the prime factors fuelling the development of the market for fundus cameras. In addition, the technical advancements in a number of nations have also resulted in the growth of fundus cameras with enhanced capabilities. Furthermore, the introduction of hybrid fundus cameras and the developing markets of Rest of the World (RoW) and Asia Pacific have emerged as key opportunities in the market for fundus cameras. On the other hand, the soaring costs related with technically sophisticated fundus cameras and the rising adoption of refurbished fundus cameras are amongst the chief factors posing a negative impact on the growth of the market.

On the basis of product, the market is segmented into mydriatic fundus cameras, non-mydriatic fundus cameras, retinopathy of prematurity (ROP) fundus cameras, and hybrid fundus cameras. Amongst these, mydriatic fundus cameras and non-mydriatic fundus cameras are further segmented into handheld and tabletop mydriatic fundus cameras. Amongst these, non-mydriatic fundus cameras led the market on the basis of volume and revenue in 2012. iFusion by Optovue, Inc., X-1 by Canon, Inc., VX-20 by Kowa Optimed, Inc. are amongst the top-notch hybrid fundus cameras commercially available in the market.

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On the other hand, it is predicted that the segment of hybrid fundus cameras will experience the highest growth rate in the forecast horizon owing to the increasing advantages of these cameras. These cameras comprise a number of technologies within a single device and thus allow easy diagnosis of retinal disorders by trained medical professionals and ophthalmologists.

In terms of geography, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America led the market on the basis of both revenue and volume in 2012. This is owing to the increasing aging population, technical advancements resulting in the launch of handheld and digital devices, and rising occurrence of diabetic retinopathy and a number of other retinal disorders in this region. Europe trailed North America and held the second-largest share in the market on the basis of both volume and revenue. Europe was trailed by the region of RoW and Asia Pacific in the same year.

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The report states that the chief players dominant in the fundus cameras market are Carl Zeiss Meditec AG, Kowa Optimed, Inc., Optomed Oy (Ltd.), Optovue, Inc., and CenterVue S.p.A., among others.

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Electrodes for Medical Devices Market is Booming Worldwide Scrutinized in New Research

4 min read

A new Transparency Market Research report states that the global electrodes for medical devices market was pegged at US$633.6 mn in 2012 and is anticipated to reach US$1,451.2 mn by 2019, expanding at a CAGR of 11.70% from 2013 to 2019. The title of the report is “Electrodes for Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”

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The utilization of electrodes in medical devices serves to transfer the ionic current energy into electrical current within the human body. These currents have proven to be very useful in diagnosing and treating a number of diseases and can be amplified as per the need. These electrodes are composed of metals such as silver, nickel, copper, manganese oxide, cadmium, and zinc, among others. Electrodes such as electrocardiography (ECG) electrodes are used for the diagnosis of cardiac disorders. On the other hand, electrosurgical electrodes are utilized in different surgeries and enable accurate incisions involving minimal blood loss.

According to the report, the increasing need for portable medical devices to lower the increasing healthcare and hospital expenses is a key factor stimulating the electrodes for medical devices market. In addition, there is an increasing demand for disposable electrodes owing to the increasing safety and health concerns globally. Furthermore, ablation electrodes are in high demand owing to the increasing requirement for minimally invasive surgical technologies.

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On the other hand, the report states that electrical burns caused by overheating and the absence of biocompatibility tests have inhibited the acceptance and utilization of electrodes in medical devices, hence impeding the development of the overall market. In addition, delays in the pre-market approval process owing to the classification of pacemaker electrodes as high-risk devices by the FDA may also pose a negative impact on the growth of the market.

In terms of product type, the market is segmented into ECG, EMG, EEG, fetal scalp electrodes, ERG electrodes, and others. Amongst these, ECG electrodes are poised to lead the market with a CAGR of 3.0% from 2013 to 2019. The ECG electrodes segment will be trailed by the segment of fetal scalp electrodes in the forecast horizon.

The therapeutic electrodes for medical devices market, by product, is segmented into pacemaker electrodes, TENS electrodes, electrosurgical electrodes, defibrillator electrodes, and others. Amongst these, defibrillator electrodes and electrosurgical electrodes are anticipated to register the greatest CAGR from 2013 to 2019. This is owing to ZOLL Medical Corporation’s launch of wearable defibrillators that monitor the wearer’s cardiac rhythms and administer a carefully measured electrical shock to the wearer in case of abnormal cardiac rhythms so as to help regain the normal functioning of the heart.

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Geographically, the report segments the electrodes for medical devices market into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2012, Europe and North America held the largest share of over 60% in the market owing to the proliferation of cutting-edge medical devices supporting the presence of technologically developed electrodes. Furthermore, the soaring count of cardiac disorders and the rising rate of diagnosis within these two regions will also support the growth of the market here. On the other hand, Asia Pacific is predicted to record the greatest growth rate in the forecast horizon owing to the increasing trend of medical tourism and the soaring count of smokers here.

As per the report, the chief players dominant in the market are 3M Company, CONMED Corporation, and Natus Medical, Inc. among others

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Laboratory Information System Market Examined in New Research Report

4 min read

The leading companies operating in the global laboratory information system market are adopting various strategies to remain competitive. For instance, several among them are investing in research and development activities to offer next-generation innovations, finds Transparency Market Research (TMR) in a new study. Such strategies are expected to pave way for the market’s upward-moving trajectory. McKesson Corporation, Cerner Corporation, and Merge Healthcare Incorporated are some of the most prominent companies operating in the global laboratory information system market.

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TMR pegged the global laboratory information system market at US$1,381.4 bn in 2013. Furthermore, it has forecast the market to reach US$2,158.0 bn by the end of 2019. Considering these numbers hold true, the global laboratory information system market will rise at 7.70% CAGR between 2013 and 2019. Regionally, North America has emerged dominant in the global laboratory information system market. The rising incidence of chronic ailments and the presence of a sophisticated healthcare infrastructure support the market’s expansion in North America. Among clinical diagnostics laboratory information systems and drug delivery information systems, the former is expected to rise at a CAGR of 8.90% between 2013 and 2019.

Recent Improvements in Healthcare Services to Fuel Demand for Laboratory Information Systems

Laboratory information systems are used to store, retrieve, record, and manage laboratory data. While these systems play a crucial role in diagnosis, treatment, and prevention of diseases, they do not have a standard design. This is because laboratory information systems are often designed and customized as per specific needs of a laboratory. Be it as it may, the demand for laboratory information systems will continue to surge in the coming years. Recent improvements in healthcare services are also expected to buoy growth in favor of the market.

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Globally the demand for integrated healthcare information systems has escalated, which provides an environment conducive to the market’s growth. Besides this, government initiatives and the increasing investment by healthcare IT players are expected to give impetus to the global laboratory information system market. Overall, improvement in healthcare services over the last couple of years will bode well for the market. On the downside, absence of experienced professionals, interoperability issues, and high maintenance cost can deter growth witnessed over the forecast period.

Lack of Adherence to Standards Can Restrain Market

Other than this, lack of adherence to standards can restrict the market to an extent. Laboratory information systems must offer high integrity to reduce chances of data failure. Because the software has a complex design is easy to change, however, it is difficult to test it. Never mind this, the rising use of mobile phones and steps taken to offer innovations by companies are expected to create lucrative opportunities for the market’s growth in the coming years.

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In developed countries especially the market will benefit from rising public funding. The rising demand from developed countries across Europe and North America are also expected to help the market exhibit steady growth through the forecast period. The rising demand from fast-growing markets in the U.S., the U.K., Germany, and Japan will therefore boost the global laboratory information system market in the coming years.

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Sleep Apnea Devices Market Set for Rapid Growth

4 min read

Transparency Market Research, in a report titled “Sleep Apnea Diagnostic and Therapeutic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” offers a detailed study on the scope, dynamics, and structure of the global sleep apnea diagnostic and therapeutic devices market. According to the report, the market is anticipated to expand at a 7.8% CAGR from 2013 to 2019, rising from a value of US$3.8 bn in 2012 to US$6.4 bn by 2019.

Sleep apnea is a common sleep disorder wherein there are one or more pauses in breathing while sleeping. This is a chronic condition that results in the poor quality of sleep and can cause excessive daytime sleepiness and loss of productivity. Today, there is a wide range of effective treatment options for sleep apnea ranging from masks to oral appliances. The market for sleep apnea diagnostic and therapeutic devices is primarily fueled by the growing incidence of sleep apnea and the demand for portable devices that can be used in home settings.

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The market for sleep apnea diagnostic and therapeutic devices has been studied based on diagnostic devices, therapeutic devices, and geography.

By type of therapeutic device, the sleep apnea diagnostic and therapeutic devices market has been segmented into adaptive servo-ventilation, oral appliances, airway clearance systems, positive airway pressure device, oxygen devices, and others. Among these, the market for oral appliances and positive airway pressure devices is anticipated to witness strong growth in the coming years owing to the rapid development of custom-made devices catering to patient compliance and the nature of the symptoms.

On the basis of type of diagnostic device, the market for sleep apnea diagnostic and therapeutic devices has been categorized into polysomnography device, single-channel screening devices, actigraphy systems, and respiratory polygraph. The segment of actigraphy devices is projected to expand at the highest CAGR of more than 7% from 2013 to 2019 owing to the compact nature of these devices, the rising preference for mobile and portable devices, and the high level of reliability presented by actigraphy systems.

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Based on geography, the global sleep apnea diagnostic and therapeutic devices market has been divided into Europe, North America, Asia Pacific, and Rest of the World. North America presently dominates the overall market for sleep apnea diagnostic and therapeutic devices, followed by Europe. In 2012, both the regions accounted for a combined share of over 60% in the global market. These regions have been witnessing rapid growth owing to the rising awareness regarding sleep apnea, the growing presence of technically sound sleep specialists, and the availability of technologically advanced sleep laboratories. Favorable reimbursement policies and the alarming rise in obesity rate have also contributed toward the growth of the sleep apnea diagnostic and therapeutic devices market in North America and Europe.

The competitive landscape of this market is immensely fragmented and is characterized by the presence of both emerging companies as well as established firms. The report includes a detailed segment on the vendor landscape wherein it identifies the top companies competing at a global and regional level in the sleep apnea diagnostic and therapeutic devices market. These players are then profiled in the report based on aspects such as company overview, product portfolio, financial standing, recent developments, and business strategies.

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Some of the leading companies operating in the global sleep apnea diagnostic and therapeutic devices market are Fisher & Paykel Healthcare, GE Healthcare, CareFusion Corporation, ImThera Medical, Inc., ResMed, Inc., Teleflex, Inc., and Philips Healthcare.

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Human Reproductive Technologies Market Insights Shared in Detailed Report

4 min read

A recent report on the global human reproductive technologies market has been published by Transparency Market Research. The report, titled “Human Reproductive Technologies Market - Global Industry Analysis, Size, Procedures, Growth, Trends and Forecast, 2013 - 2019,” projects this market to expand at a CAGR of 2.20% during the period from 2013 to 2019. The market is estimated to stand at a valuation of US$27.1 bn by 2019. According to the World Health Organization, in 2010, about 1.9% of the female population worldwide in the age group of 20-44 years was unable to conceive the first child. The growing prevalence of infertility has been attributed to a number of environmental and socio-economic factors. The various human reproductive technologies have witnessed increasing popularity in the past couple of years for the treatment of infertility among both men and women.

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With the rise in female employment, there has been a growing trend of a delay in conception. Factors such as pollution, smoking, stress, and obesity have led to an increase in infertile population. The growing prevalence of unwanted pregnancies, initiatives taken by governments and NGOs to promote contraceptive products, and the implementation of favorable policies such as the Affordable Care Act has propelled the growth of the global human reproductive technologies market.

However, limited insurance coverage and the side effects of contraceptive drugs and devices might hamper the growth of the market during the forecast period. The global human reproductive technologies market has a significant opportunity to grow with the rise in medical tourism, government support for the treatment of infertility, and the presence of a strong pipeline of contraceptive drugs.

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The market for contraceptives stood at a valuation of US$16 bn in 2012. During the forecast period, the market is estimated to expand at a CAGR of 5.5%. In 2012, the oral contraceptives segment witnessed the highest demand due to the availability of contraceptives as an over-the-counter drug.

The key regions in the global human reproductive technologies market are Europe, Asia Pacific, North America, and Rest of the World. In 2012, North America emerged as the leading region in the market, followed by Europe. North America is predicted to dominate the market throughout the forecast period. However, the market is projected to register the fastest growth in Asia Pacific due to the increasing awareness about contraceptives, high population density, and rise in disposable income.

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Some of the major players in the global human reproductive technologies market are Bayer AG, Abbott Laboratories, Actavis Inc., Boston Scientific Corporation, Church & Dwight Co. Inc., Merck KGaA, Warner Chilcott plc, Reckitt Benckiser Group plc, Merck Serono, Pfizer Inc., Johnson & Johnson, Cook Medical Inc., and Teva Pharmaceutical Industries Ltd. The report discusses some of the key attributes of the market players including their business strategies, product portfolio, and recent developments. Through a SWOT analysis, the report identifies the future growth opportunities for the market vendors.

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Electrophoresis Equipment and Supplies Market Trends, Current Demand, and Business Opportunities

4 min read

The global electrophoresis equipment and supplies market is experiencing innovations, technological advancements, and availability of varied products, states a recent report by Transparency Market Research. The key players in electrophoresis equipment and supplies market are Hoefer Inc., Bio-Rad Laboratories Inc., GE Healthcare Ltd., and Life Technologies Corp. Of these players, the market experienced dominance of Bio-Rad Laboratories Inc., which accounted for over 50% of the overall market in 2012. Bio-Rad Laboratories Inc. is considered one of the most profound and strongest players in the market and has a stronger base and a stronger holding in the market.

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The market has also been marked with several new players in the past few years and this has significantly increased the level of competition in the market. As the technologies central to electrophoresis equipment continue to evolve, the market is expected to get stiffer for new entrants. According to the report, the global electrophoresis and supplies market is expected to rise to a valuation of US$1.9 bn by 2019, expanding at a 4.80% CAGR over the forecast period.

Improved Disposable Income a Driver for Asia Pacific Region

Based on technology, the market has been covered in the report for gel electrophoresis market, capillary electrophoresis, and electrophoresis accessories. Of these, the segment of gel electrophoresis presently dominates and is expected to rise to a valuation of US$909.1 mn by 2019. The high demand for the technology can be attributed to its increased usage in the field of genomics.

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According to geography, North America is the leading regional market and has continued to account for the dominant share in the overall market over the years due to increasing rate of innovation and development of new products. Europe stands at the second position, followed by Asia Pacific. It has been observed that emerging economies from Asia Pacific, such as India, China, Brazil, and Mexico, have shown improvement in the healthcare sector owing to rising government interventions and increase in disposable incomes of the population. Since the past few years, a number of companies from North America have outsourced their research for drugs and clinical trials to countries in Europe and Asia Pacific. As a result, the market for electrophoresis equipment and supplies also witnessed steady rise in Europe and Asia Pacific.

Move from Genomics to Proteomics to Boost Growth in Near Future

Growth of the global electrophoresis equipment and supply market could be propelled by the shift from genomics to proteomics, leading to technological advancement that further added to sensitivity, higher output, and increased resolution. The advancements in proteomics market have improved the global electrophoresis equipment market. In addition to this, innovations in drug development activities and therapies have been triggering further research in drug manufacturing, thus driving the increased demand for electrophoresis equipment and supplies.

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Innovation and development in research areas have grown the limits in this field, on the other hand, however, the lack of newer techniques in equipment technology, has paved the way for substitutes in the market. Furthermore there is high demand for drug discovery research as there is an increasing demand for innovative drugs and therapies.

The other trend is the increasing set of applications of electrophoresis equipment in molecular profiling in the recent years. It also proposes reliable demand for electrophoresis technique. The hemoglobin electrophoresis technique was renowned as the most exact, precise, and frequently used technique for DNA analysis.

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About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Minimally Invasive Vertebral Compression Fracture Repair Market Development and Future Demand Analysis Report

4 min read

Severe trauma and osteoporosis are among the most common causes of vertebral collapse. This condition is known as a vertebral compression fracture (VCF) and it is more common in people suffering from low bone density or osteoporosis.

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Some of the most common symptoms indicating VCF include kyphosis and vertebral height loss over a period of time, limited spinal mobility, continued back pain for more than two or three weeks, deformity over a period of time, and disability. The rising incidence of VCF worldwide fuels demand from the global vertebral compression fracture repair market.

A new report released by Transparency Market Research, titled “Minimally Invasive Vertebral Compression Fracture Repair Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, provides insights into the various factors bolstering the demand for minimally invasive procedures of treating VCF.

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It is possible to cure vertebral compression fractures by administering pharmacological therapy and prolonged bed rest. Surgical invasion becomes crucial only in cases where medical therapies fail to cure VCF. The minimally invasive VCF repair technique has thus emerged as a preferred treatment method, particularly in cases where pharmacological therapies fail to mitigate the condition.

Kyphoplasty and vertebroplasty are the two most commonly used minimally invasive VCF repair techniques. In both processes, medical grade cement is injected in the fractured vertebra. While vertebrplasty has been around for a considerable time, kyphoplasty is an evolved form of the former. In kyphoplasty, a balloon is first inserted in the vertebral body and then inflated to restore its original height, which is followed by injecting medical grade cement. Vertebroplasty helps relieve pain and enhances the mobility in patients. However, kyphoplasty not only does the same but also restores the lost height of the fractured vertebra and also helps in curing kyphosis. Furthermore, over time, patients who underwent kyphoplasty experience less complications post-surgery compared to vertebroplasty.

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This has resulted in the higher rate of adoption of kyphoplasty procedures worldwide. Due to the high incidence of VCF in North America, the region accounts for the highest number of kyphoplasty procedures conducted in a year. Furthermore, the American Academy of Orthopedic Surgeons has also recommended the use of kyphoplasty for VCF, which subsequently fuels demand from the minimally invasive VCF repair market in the region. In 2011, the global market for kyphoplasty stood at US$555.4 mn. Europe has emerged as the second largest market for minimally invasive VCF repair. Due to increasing investment in the healthcare sector, Asia Pacific also exhibits lucrative prospects for the minimally invasive VCF repair market.

The global market for minimally invasive VCF repair is highly consolidated and marked by the presence of only a handful of companies holding over 80% of the market.

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The market is majorly dominated by the established players, who leverage their proprietary products and predatory growth tactics. Collaborative activities such as mergers and acquisitions, partnerships, and supply agreements, therefore, are common occurrences in the market. The existence of only a limited number of players has intensified the price competition in the market, which hinders the entry of new players.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Cardiac Prosthetic Market Growth Opportunities, Key Players, and Threads Analysis

4 min read

Transparency Market Research in its recently published report on the global cardiac prosthetic devices market states that the market is extremely fragmented because of the presence of a copious number of players – both existing well-entrenched ones and upcoming ones. To stay ahead of competition in such a market, players are seen banking upon product development by leveraging the latest technologies.

Some of the companies that have come of hold substantial share in the market for cardiac prosthetic devices by banking upon the aforementioned and other strategies are Boston Scientific Corporation, Edwards Lifesciences Corporation, Sorin Group, Medtronic, Inc., and St. Jude Medical.

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The report finds that rising at a healthy clip, the market’s estimated valuation would be US$5,290.0 million by 2019.

Cardiac prosthetic devices can be broadly classified into heart valves and pacemakers. While the pacemakers can be further segmented into heart valves and pacemakers, the heart valves can be further segmented into tissue heart valves, transcatheter heart valves, and mechanical heart valves. From a geographical standpoint, North America at present holds a leading share because of the superior technology, updated infrastructure, and presence of well-trained healthcare professional. Another factor stoking the market in the region is the rising instances of cardiovascular disease and sound healthcare and reimbursement policies.

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Rising Pool of Elderly Highly Prone to Cardiac Conditions Drives Market

Cardiac prosthetics devices supplant diseased or damaged part of a body – they mainly find usage in tackling of blockages in heart valves. “Cardiac prosthetic devices implants are being widely adopted owing to the growth in the patients’ pool having valvular conditions. Prosthetic valve endocarditis (PVE), mechanical hemolytic anemia, prosthetic valve thrombosis (PVT), and thromboembolism are to name a few complications resulting from the failure of primary valves,” explains the lead analyst of our report.

The cardiac prosthetics devices serve to reduce mortality and morbidity rates by replacing the diseased valves. A heart valve disease, without timely treatment, can cause a variety heart ailments, namely heart failure, stroke, blood clots, and cardiac arrest. And with a rising number of geriatric population who are highly susceptible to cardiac issues and also because of the lifestyle changes leading to such health problems even in the younger lot, the devices are seeing swift uptake. Adds the lead analyst of our report, “Over 60, 000 patients are undergoing heart valve replacement in the U.S. annually. This has majorly fuelled demand for cardiac prosthetic devices.”

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Focus on Product Development Bodes Well for Market

In addition to the surging cases of blockages in heart valves, the market for cardiac prosthetics devices is also being boosted by the continued thrust on product development. Major players are seen pouring money into research and development of better devices built from superior materials and underpinned by more sophisticated technologies.

On the flipside, the market is being negatively affected by the expensiveness of the products and the associated procedures.

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About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/