Medical Gases and Equipment Market is poised to reach nearly USD 5315 million by 2020

The global Medical Gases and Equipment Market is poised to reach nearly USD 5315 million by 2020. Factors that fuel product demand are growing geriatric population and high incidence of respiratory disorders and emphysema & cystic fibrosis. Rising awareness among consumers & manufacturers about usage & safety of medical gases may augment industry growth over the forecast period (2012 to 2020). Also, popularity of home healthcare devices could positively impact the market.

Medical gases are used for medical treatment and diagnostics purposes. Devices that facilitate medical gases into the human body are known as medical gas equipment. Medical gases and equipment are also employed in biotechnology and pharmaceutical industries for drug discovery, cell culture studies, pharmaceutical manufacturing, and drug development.

Varying requirements of medical practitioners propel the need for technologically sophisticated products, such as integrated multifunctional medical gas cylinders. This could significantly contribute to market growth. Owing to wide gaps in demand and supply of medical gases, emerging economies are expected to be the most lucrative regions in the overall industry. Other market drivers are medical reimbursement facilities and rising disposable incomes.

The global medical gases and equipment market is segmented as per products and geographies. On the basis of products, the classifications are masks, flow meters, vacuum systems/pumps, regulators, manifolds, medical air compressors, cylinders and accessories, alarm systems, outlets, and hose assemblies and valves.

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The market for medical air compressors is poised to witness remarkable growth during the forecast period. These devices are used in a host of applications. Popularity of lightweight cylinders with visible & audible alert mechanisms may drive the cylinders market.

Geographically, the worldwide medical gases and equipment market are divided into Asia Pacific, Europe, North America, and Rest of the World (RoW). Sophisticated healthcare infrastructure, high prevalence of respiratory diseases, obesity, and unhealthy dietary patterns make North America the largest regional market. In 2013, this region dominated the overall industry in terms of revenue. However, ongoing market trends suggest that Asia Pacific may register a CAGR approximately 10% till 2020. Regional drivers are high incidence of asthma & chronic obstructive pulmonary disorder (COPD), improved medical infrastructure, and demand for point-of-care based treatments & home healthcare.

Major competitors in the Medical Gases And Equipment Market are Medical Gas Solutions, Air Products Continental, Linde Group, Air Liquide Healthcare, and Matheson Tri-Gas Inc. With a market share above 20%, Air Liquide Healthcare dominated the worldwide industry in 2013. In order to gain higher market shares, companies often engage in business ventures, such as mergers & acquisitions and geographical expansions. New product development is another key area of focus for business success in the long run.

In November 2016, Ceodeux Meditec launched ALPI-CONNECT, a sophisticated terminal unit meant for medical gas pipelines in clinics & hospitals. Equipped with a revolutionary cartridge technology, this gas terminal unit minimizes maintenance costs and saves time. Unlike conventional terminal units which need to be dismantled for maintenance operations, the front cartridge design in ALPI-CONNECT ensures that maintenance tasks are a lot easier. Ceodeux Meditec is a global supplier of medical gas equipment & medical cylinder valves.

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Medical Nonwoven Disposables Market Share, Growth and Forecast to 2020 - Hexa Research

The Global Medical Nonwoven Disposables Market is projected to expand at a CAGR surpassing 7.9% during the forecast period (2014 to 2020). The industry stood at USD 5980 million in 2013. Booming global population and rising cases of incontinence & related disorders are key market drivers. Other factors that fuel demand are surging income levels, sophisticated medical infrastructure, and high incidence of hospital acquired infections.

Medical nonwoven disposables are made of special nonwoven materials that prevent cross contaminations. They effectively sieve out bacteria that spread infections. Medical nonwoven disposables are preferred over conventional textiles since the former exhibit greater protection against infections. One of its key demand drivers is the widespread acceptance of the same among medical practitioners.

The global medical nonwoven disposables market is categorized on the basis of products and regions. The product portfolio comprises disposable nonwoven hygiene products and nonwoven medical supplies. In 2013, the industry was dominated by the nonwoven medical supplies segment. It accounts for more than 50% of total revenues. The market for hygiene products is anticipated to expand robustly over the forecast period. High adoption rate and rising cases of urinary & fecal incontinence propel demand for hygiene products.

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The disposable incontinence pads & ostomy liners segment led the disposable nonwoven sanitation products industry in 2013. These products are essentially used in light or medium incontinence cases. It is expected that the introduction of eco-friendly & chlorine free incontinence pads will significantly contribute to market demand.

Geographically, the worldwide medical nonwoven disposables market is categorized into four key segments: Europe, North America, Asia Pacific, and Rest of the World. Owing to high patient awareness, intense R&D activities, and the presence of updated technologies, North America dominated the global market in 2013. This region receives immense government support.

According to recent surveys, disposable adult incontinence products are needed by nearly 29 million individuals in North America. Such a trend could further fuel regional demand during the forecast period. China and India are the two main Asia Pacific economies that are poised to witness remarkable growth in the forthcoming years. Regional market drivers are widespread awareness about hospital acquired infections and surging healthcare expenditure.

Prominent industry players are Kimberly Clark Corporation, Svenska Cellulosa Aktiebolaget (SCA), Unicharm Corporation, Covidien, and Freudenberg Nonwovens among many others. Characterized by stiff competition, the global industry thrives on new product development and innovations. Biodegradable & gender specific diapers are expected to positively impact the market in the long run.

Currently, the industry is witnessing high demand for nonwovens that are meant for moderate & heavy incontinence. These products include pull up pants and protective adult underwear. Manufacturers need to ensure that these products rank high on softness, stretchability, and strength. FIBRELLA Lite nonwoven is the award winning product manufactured by Suominen, a Finland based manufacturer of nonwovens. It is a lightweight spunlace nonwoven that is widely available and is employed in adult incontinence & baby care applications. This material employs excellent bonding, finishing, and forming technologies. Introduction of this product has enabled Suominen to expand its customer base considerably.

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Contact Lenses Market Growth, Regional Outlook and Forecasts to 2024: Hexa Research

High incidence of eye related disorders, such as myopia, astigmatism, and hypermetropia may drive the global Contact Lenses Market during the forecast period (2016 to 2024). The industry was valued over USD 7 billion in 2013. In volume terms, it can grow at CAGR over 3.4% till 2024. Innovation plays a key role in determining market success. Technological advancements in addition to the growing global population are also a major market driver.
People these days are greatly inclined towards improving their physical appearances. Such a trend adds to the overall demand for contact lenses. Contact lenses are used not only as a means to vision correction but also for cosmetic purposes. Colored & costume lenses are examples of lenses that are used as fashion statements. Most prefer contact lenses over spectacles for vision correction. However, popularity of LASIK and PRK surgeries may hamper overall demand in the forthcoming years.
The global contact lenses market is segmented on the basis of products, design, usage, and geographies. Based on products, the divisions are soft, hybrid, and RGP (rigid gas permeable). Soft contact lenses are further categorized into daily, weekly, monthly, annual, extended wear, and unplanned replacement schedule. The market for soft lenses is projected to expand at a CAGR more than 6.9% from 2016 to 2024. Factors fuelling this market are rapid population growth and rising cases of presbyopia. Unlike RGP lenses, soft lenses provide greater flexibility and comfort. They are used mostly for the rectification of ametropia.
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On the basis of design, the industry is fragmented into multifocal, toric, spherical, and others. ‘Others’ includes custom-made and ortho-k products. The spherical lenses segment contributed to more than 70% of the overall market in 2013. As the name suggests, these lenses have a spherical surface, uniformly thick edges, and can be used by patients suffering from even slight astigmatism. Toric lenses are generally used in serious cases of astigmatism. This is because of the lenses’ ability to create various refractive powers on horizontal & vertical orientations. Multifocal lenses are usually used for age-related visual disorders (presbyopia).
As per usage, the divisions are cosmetic, corrective, lifestyle-oriented, therapeutic, and prosthetic. The corrective segment led the overall market with shares surpassing 40% in 2012. It is expected that therapeutic lenses will hold the second highest share in the global market during the forecast period.
The various geographies in the global contact lenses market are North America, Asia Pacific, Europe, and Rest of the World. Popularity of online retail portals and greater use of the internet can drive the Asia Pacific market to register the highest growth rate. Widespread adoption of vision correction equipment in China and Japan can positively impact this region in the years to come. North America was the largest market in 2013. Factors propelling this region are high product penetration and rising consumption of disposable lenses.
Companies in the global contact lenses market are Ciba Vision, Bausch & Lomb, Johnson & Johnson, and CooperVision. Johnson & Johnson led the global industry in 2013. Most industry participants take to strategies, such as worldwide market coverage, business collaborations, and branding measures for capturing larger market shares.

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Blood Gas and Electrolyte Analyzers Market Growth, Regional Outlook and Forecasts to 2024: Hexa Research

The worldwide global Blood Gas and Electrolyte Analyzers Market size is anticipated to reach nearly USD 715 million by 2024. Rise in diseases such as cancer, obesity, diabetes, and respiratory disorders can drive the market during the forecast period (2016 to 2024). These devices help in the diagnosis of diseases, such as chronic obstructive pulmonary disease (COPD), drug overdose, and asthma among others. Demand for portable devices, introduction of newer technologies, and rising healthcare expenditure can impel the industry. Moreover, multi-parameter monitoring devices could favor industry growth.

Increasing geriatric population will also propel market growth. As per the World Health Organization (WHO), the population belonging to the age group of 65 years & above may rise to 16% by 2050 from 7% in 2000. This in turn can increase the demand for point-of-care diagnostic testing which can positively impact the global market in the long run. Lack of trained professionals is a major restraint in the global industry. Additionally, unfavorable reimbursement scenarios and complexities in the interpretation of test results are the other market challenges.

The blood gas and electrolyte analyzers market is fragmented into products, applications, end-users, and geographies. On the basis of applications, the industry is segmented into electrolyte analyzers and combined analyzers . Combined analyzers may continue dominating the overall market in the forecast period. This segment is projected to grow at a CAGR nearly 5.5%. They provide results for both electrolyte & blood count in samples of blood, serum, creatinine, and dialysate or plasma. Also, these devices can analyze urine, nitrogen, and electrolytes in a single test sample.

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Based on products, the blood gas and electrolyte analyzers market is bifurcated into portable analyzers and benchtop analyzers. The segment of portable analyzers can continue leading the industry during the forecast period. Surging demand for automated, portable, low maintenance, and self-monitoring devices may fuel demand till 2024. Portable devices are best suited for mobile & bedside monitoring.

The various end users are hospitals, Point-of-care (POC), clinical laboratories, and diagnostic centers.  POC devices are widely popular in critical care departments, cardiothoracic surgical departments, and in emergency transport systems. These devices entail automated sample handling, render users variability, and help minimize errors. Thus, they are estimated to be high on consumer preference.

As per geographies, the market is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America dominated the overall industry in 2014. Increasing patients in ICUs, hospitals, and in emergency wards can favorably influence the market. It is anticipated that Latin America will expand at a 5.5% CAGR from 2016 to 2024.

Asia Pacific can register a CAGR more than 6.6% over the next eight years. The region is driven by high disposable incomes in countries, like India and China. Government initiatives can also support the market during the forecast period. Rising cases of diabetes, hypertension, and cancer are contributing to greater healthcare awareness & improvements in healthcare infrastructure in Asia Pacific. This could benefit the market significantly.

Key players operating in the global blood gas and electrolyte analyzers market are Abbott Laboratories, Erba Mannheim, Roche Diagnostics, and Siemens Healthcare. Companies resort to strategic business ventures and expansion of product portfolio for better market penetration. In September 2012, Germany based diagnostic devices producer, Erba Mannheim acquired Maxmat S.A., a French company that operated in the area of medical laboratory devices.

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Prenatal, Fetal and Neonatal Equipment Market Growth, Trends, Market Overview and Forecast, 2024- Hexa Research

Prenatal, fetal and neonatal equipment comprise of those equipment and devices that help in taking care of newly born children and babies developing inside mother’s womb. Some equipment that helps monitor and diagnose both mother and the fetus has been included in the prenatal and fetal equipment category.

Equipment that assists in monitoring, diagnosis and treatment of newborn babies fall under the neonatal care equipment. Research states that, near about 15 million neonates born each year are premature and among them more than 1 million die every year. Those neonates who survive prematurity suffer from several forms of disabilities, thus various neonatal equipment have been developed to help treat prematurity.

There are several other complications a mother and the fetus and newborns face for which different prenatal, fetal and neonatal equipment have been developed and market globally. The major driving factors for the growth of this market are increasing incidences of premature births, increasing age of maternal population, increasing awareness for prenatal and neonatal care and increasing demand for technologically advanced prenatal, fetal and neonatal equipment.

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Premature births are the primary driver for this market that contributes heavily towards this market’s overall revenues. Increasing age of maternal population also adds up to various complications a baby faces both before and after birth, which again contributes towards the prenatal as well as neonatal equipment market. Various prenatal and neonatal monitoring, diagnostics and therapeutic equipment help in proper care of fetus and neonates. Technological advancements along with improvements in the currently available equipment will add to the demand from this market in the coming years.

The global prenatal, fetal and neonatal equipment market is segmented on the basis of product type, application and geography. On the basis of product type, the global prenatal, fetal and neonatal equipment market is segmented into prenatal and fetal equipment, neonatal equipment and other prenatal, fetal and neonatal equipment. The segment “prenatal and fetal equipment” is further divided by ultrasound and ultrasonography, fetal dopplers, fetal magnetic resonance imaging (MRI), fetal monitors and so on; whereas the segment “neonatal equipment” is further classified as infant warmers and incubators, photography equipment, neonatal monitoring devices, respiratory assistance and monitoring devices.

On the basis of application, the global prenatal, fetal and neonatal equipment market is segmented into hospitals of paediatrics, hospitals of obstetrics and gynecology, obstetrics and gynecology clinic, and so on. On the basis of geography, the global prenatal, fetal and neonatal equipment market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa.

North America dominates the global prenatal, fetal and neonatal equipment market followed by the European market. Major factors responsible for the growth of the North America market are high incidence rate of premature births, increasing age of maternal population and high awareness, and demand and affordability for various prenatal and neonatal equipment markets.

Asia Pacific is the fastest growing geographic segment in the global market for prenatal, fetal and neonatal equipment. Key factors responsible for the rapid growth of this market in the region are increasing incidences of premature births, high birth rates in many nations, increasing awareness about prenatal and neonatal care, demand for technologically advanced equipment and increasing purchasing power of the people in these regions.

The key players of global prenatal, fetal and neonatal equipment market are Toshiba Medical Systems, BD, Merck, GE Healthcare, Philips Healthcare, Dragerwerk AG & Co., Monica Healthcare, Medtronic, DRE Medical, Mediprema, Fisher & Paykel Healthcare Limited, FUJIFILM SonoSite Inc., Natus Medical Incorporated, VoluSense, Hisense Ltd., CareFusion Corporation, Cooper Surgical Inc., Covidien PLC, Nonin Medical Inc., Siemens Healthcare, Smiths Medical, and Getinge AB.

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Global Needle-Free Injectors Market Analysis, Size, Share, Growth, Trends, Market Overview and Forecast, 2021- Hexa Research

Needle-free injection systems are one of the innovative ways introduced to various medicines to patients without penetrating it into the skin. In this type, a conventional needle is not used. Needle-free injection techniques are used in medications and pork industry as they offer a fast and effective route of administration. Further advantages include robustness and no issues pertaining to needle disposal. Not only, pharmaceutical industries can benefit but meat industry can benefit by this technique too. As a result, there are improved outcomes and needle-free injectors being a steady technology acknowledges efficiency in the medicine industry. 

Alone in the U.S. millions of dollars are spent on hypodermic needles used for children. Also, due to the inflated costs of hypodermic needles a lower rate of vaccination is gained in the developing countries. Another drawback is hygiene. If the needle is not sterilized properly, reuse can be a major problem resulting into spread of contagious diseases. Hence, with the use of needle-free systems all the above mentioned drawbacks can be overcome and a higher rate of vaccination can be achieved in the developing countries.

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Commercially, the global market for needle-free injectors is witnessed to grow at a higher CAGR owing to extensive R&D in the vaccine industry and the route of medicine administration. Therefore, the market is bound to grow significantly for the assessment period. The key driving factors responsible for the growth of needle-free injectors market include rising prevalence of chronic disease, growing incidence of communicable disease due to needle stick injuries, growth in demand for vaccination and biosimilars, rising demand for self-injection devices and more advantages of drug delivery technology. However, high development costs of needle-free injection systems over traditional needle injection are likely to impede the market growth during the forecast period.

On the basis of product, the global free injectors market is segmented into fillable needle-free injectors and prefilled needle-free injectors. On the basis of technology, the global free injectors market is segmented into jet-based needle-free injectors, spring-based needle-free injectors, laser-powered needle-free injectors and vibration-based needle-free injectors. Jet-based needle-free injector is anticipated to grow at a higher CAGR owing to their advantages over the other injector systems.

On the basis of usability, the global free injectors market is segmented into reusable needle-free injectors and disposable needle-free injectors. On the basis of type, the global free injectors market is segmented into liquid-based, projectile-based and powder-based needle-free injectors. Liquid-based needle free injectors are anticipated to grow at a higher CAGR during the forecast period owing to growth in number of market players toward attractive advantages.

On the basis of medication, the global free injectors market is segmented into liquid-based needle free injectors, powder-based needle free injectors and projectile/depot-based needle free injectors. On the basis of site of delivery, the global free injectors market is segmented into intra dermal injectors, intramuscular injectors and subcutaneous injectors.

On the basis of application, the global free injectors market is segmented into vaccine needle free delivery, insulin management needle free delivery, oncology needle free delivery and other applications. Vaccine delivery application segment is anticipated to grow at a higher CAGR during the forecast period owing to rise in incidences of chronic diseases, technological developments and growing preference for self-medication.

On the basis of end-user, the global free injectors market is segmented into hospitals and clinics, homecare settings, research laboratories, pharmaceutical and biotechnology companies and other end users. Hospitals and clinics segment is anticipated to grow at a higher CAGR during the forecast period owing to medication or drug delivery technology and growth in geriatric population.

On the basis of geographic segmentation, the global free injectors market spans North America, Europe, Asia-Pacific, Middle-East and Africa. North America holds a largest share in the assessment period whereas Europe is anticipated to grow at a higher CAGR during the forecast period owing to heavy growth attributing to higher demand for biologics, growth in prevalence of chronic diseases, technological developments, acquisitions and mergers by major companies, favorable reimbursement policies, growth in healthcare expenditure and regulatory approvals of new injection system are some of the key factors driving the European market.

The key players operating in the global needle-free injectors market include Antares Pharma Inc, Endo International plc, Pharma Jet, Bioject Medical Technologies, Medical International Technology Inc, INJEX Pharama AG, National Medical Products Inc, Valeritas Inc, European Pharma Group, PenJet Corporation, and Crossject SA.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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