Healthcare Industry Insights

Friday, 7 February 2020

AR & VR in Healthcare Market Trends, Growth Opportunities and Overview

The global Augmented Reality & Virtual Reality In Healthcare Market is expected to reach USD 5.1 billion by 2025 according to a new report by Grand View Research, Inc. The growing adoption of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of this market.

The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. The application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries that require precision, thus, resulting in reduced complications and lesser trauma. VR helps patients get over their worst fears and phobias through the exposure therapy. These technologies are also gaining significance in fitness management due to the development of various health apps that help train doctors as well as patients.

The use of these advanced technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management serves as a market opportunity and is predicted to drive the segment substantially. These new disruptive technologies have revolutionized medical field and provide an innovative approach for transforming healthcare experience. The increasing focus on streamlining medical operations along with demand for better delivery of care services are driving the growing adoption of these technologies.

Increase in number of startups has led to higher demand for investments to fund development of AR & VR technologies. The market is witnessing an increase in private investments by various investors, which is expected to boost growth further. For instance, Swiss-based startup MindMaze is a well-funded company that has raised USD 100 million from Hinduja Group for development of VR hardware & software. In addition, increased government funding and supportive initiatives are expected to drive growth.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-in-healthcare-market

Further key findings from the report suggest:

The hardware segment held the majority of the revenue share in 2016 due to rise in adoption of wearable devices in healthcare
AR dominated the technology segment in 2016 owing to its increasing adoption in surgeries and medical training
North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure
Asia Pacific AR and VR market is expected to witness a lucrative growth of 33% over the forecast period
Some of the key players include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Track And Trace Solutions Market is Estimated to Register 18.5% CAGR till 2027

The global Track And Trace Solutions Market size is expected to reach USD 8.2 billion by 2027, according to a new report by Grand View Research, Inc., registering an 18.5% CAGR over the forecast period. The growth is attributed majorly due to increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of track and trace solutions helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Rising adoption of track and trace solutions by healthcare device and product manufacturers will fuel market growth in the long run. Introduction of advanced technologies, such as RFID, provides fast reading and delivers high levels of security. However, deployment cost of serialization and aggregation systems, as well as lack of common regulations and standards, may hamper market growth in some developing regions.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/track-trace-solutions-market

Further key findings from the study suggest:

By product, software formed the largest revenue-generating segment in the market in 2019. This is mainly because of regulatory mandates for the execution of serialization and aggregation in the healthcare sector
The serialization application was the largest grossing segment in 2019. Increasing application of serialization in pharmaceuticals and medical devices packaging will be a vital factor contributing to segment growth
Based on technology, the RFID segment is expected to exhibit the fastest growth rate during the study period. Key factors contributing to segment growth are technological advantages such as high durability and reusability, more data storage capacity, and no requirement of line of sight
North America is dominated the global market in 2019. Rising implementation of regulatory standards and regulations, along with high adoption rate of track and trace solutions by consumers is anticipated to contribute to market growth
Some of the key players in the track and trace solutions market are Axway; Mettler-Toledo International, Inc.; Optel Vision; Adents International; Antares Vision srl; TraceLink, Inc.; Siemens AG; ACG Worldwide, Seidenader Maschinenbau GmbH; and Systech, Inc.

About Grand View Research

Thursday, 6 February 2020

Smoke Evacuation Systems Market Size Worth $241.5 Million By 2026

The global Smoke Evacuation Systems Market size is anticipated to reach USD 241.5 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 6.6% over the forecast period. Increasing adoption of these systems in operation theaters with the rising number of surgeries, especially cosmetics procedures, are driving the market. According to American Society of Plastic Surgeons 2018, approximately 18 million people had operations, inclusive of minimally invasive procedures, in U.S.

Moreover, notable growth in medical tourism, especially in developing countries such as China, Thailand, India, and Mexico, is increasing the consumer base for this market. Cost-effective surgical procedures aided by insurance coverage are the key factors influencing medical tourism countries, especially Asian countries. Hence, with the growth of the medical tourism industry, the adoption of these products in hospitals and ambulatory care centers is also anticipated to increase in the near future.

These systems are high-flow vacuum sources used during surgical procedures to capture smoke aerosols and gases generated during the use of lasers and electrosurgical units (ESUs). Surgical smoke contains harmful chemicals which can cause health problems such as respiratory distress, eye irritation, and nausea. It can also contain several carcinogenic compounds. It is therefore an occupational hazard to healthcare workers as well as patients. Therefore, there is a need for products to filter out dangerous contaminants in operating rooms, thereby driving the growth of the market.

The market is highly competitive in nature. Key participants such as CONMED Corporation; Stryker; Ethicon; Medtronic Plc; and Zimmer Biomet Holdings, Inc. accounted for a significant market share owing to their extensive product offerings. These players are focusing on implementing new strategies such as mergers, acquisitions, market penetration, partnerships, and distribution agreements to increase their revenue share.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/smoke-evacuation-system-market

Further key findings from the study suggest:

Smoke evacuating systems held the dominant share in 2018 owing to their ease of usage and associated benefits such as portability and high-flow vacuum evacuation
The smoke evacuation tubings segment is projected to register the highest CAGR over the forecast period due to the ability of these tubings to connect to both, the central vacuum and liquid traps evacuators
Laparoscopic surgeries was the largest application segment in 2018 owing to the increasing adoption of these products for targeted therapies and surgical procedures such as diverticulitis and ulcerative colitis
Hospitals was the largest end user segment in 2018 owing to an increase in frequency of surgical procedures such as appendectomies, urological surgeries, and ophthalmic surgeries and the higher adoption of these systems for these surgical procedures
CONMED Corporation; Stryker; Ethicon; Medtronic Plc; and Zimmer Biomet Holdings, Inc. are some of the major smoke evacuation systems market participants due to their broad product offerings and wide regional presence
Companies are adopting various strategies to gain competitive advantage. New product development, partnerships, mergers, acquisitions, strategic collaborations, and regional penetration are some of them.

About Grand View Research

Monday, 3 February 2020

Orthodontic Consumables Market Trends, Analysis, Outlook and Future Scope

The Orthodontic Consumables Market is expected to reach USD 5.4 billion by 2024, according to a new report by Grand View Research, Inc. The orthodontic consumables market constitutes an important part of the dental supplies industry and is expected to witness significant growth in the forecast period. As demand for maintaining a salubrious oral health and dental hygiene is becoming an increasingly important aspect globally, the demand for orthodontic procedures is gaining significant momentum. The market is witnessing notable growth owing to factors such as high prevalence of malocclusion, one of the most prevalent dental conditions worldwide; increasing use of dental services by the aging population; and growing demand for cosmetic dentistry procedures. However, factors such as low access to oral health care in developing countries and the lack of access to oral healthcare facilities in rural areas are anticipated to restrain the growth. Segmentation of the orthodontic consumable market has been provided at the end of this document.

The brackets segment is estimated to lead the market because of its widespread use in fixed orthodontics, which has gained popularity, and this has resulted in tremendous overall growth of this segment. Self-ligating bracket segment is also anticipated to grow at a healthy CAGR in the forecast period because of its increased treatment efficiency.

Another extremely important factor is “evolution.” As food habits are changing, the requirement for large bulky jaws is receding, which has led to smaller jaws in humans, and lack of space for 32 teeth in smaller jaw results in malocclusion. This is indirectly driving the orthodontic consumables market

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/orthodontic-consumables-market

Further Key Findings From the Study Suggest:

North America is estimated to account for the highest share in 2015, followed by Europe. Growth in North America is recognized to be from factors such as an increase in U.S. population, mainly the geriatric segment, significant technological advances in dentistry, and the increasing insurance coverage by third-party providers.
Self-ligating bracket is expected to command the highest share as it does not require external ligature or elastic to hold the archwire in position. This is expected to fuel growth of the brackets segment, which is anticipated to grow at a healthy CAGR in the forecast period.
Asia Pacific is expected to witness the fastest growth pertaining to factors such as dense population in the region, an increasing trend of malocclusion, and the gradual advent of dental practice in the region.
Some major players leading the industry are 3M Unitek; DB Orthodontics; Align Technology, Inc.; G&H Orthodontics; Rocky Mountain Orthodontics; Henry Schein, Inc.; American Orthodontics, Danaher Corporation, and DENTSPLY International.
Invisalign aligners is an upcoming subsegment in orthodontics. As more and more people are becoming appearance conscious, the demand for these invisible customized aligners is on the rise

About Grand View Research

Liquid Biopsy Market: Emerging Trends, Technological Advancement, and Industry Outlook

The global Liquid Biopsy Market size is expected to reach USD 5.96 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.4% during the forecast period. Enhanced view of tumor provided by liquid biopsy technology is estimated to augment the market in coming years.

While tissue biopsies have been standard for cancer diagnosis for past several year, their highly invasive nature and frequently associated complications have been major concerns. Moreover, these biopsies lead to high expenditure being incurred by patients. Liquid biopsies, on the other hand, offer a less invasive methodology along with high effectiveness. Thus, there are a number of key private organizations involved in rigorous R&D activities for liquid biopsy test development and it is only a matter of time before these procedures grow in prominence in diagnostic paraphernalia of oncologists and pathologists.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/liquid-biopsy-market

Further key findings from the report suggest:

Technological developments such as electric field induced release and measurement (EFIRM)- Liquid Biopsy (eLB), which provides detection that can assist clinical treatment decisions for most common subtype of cancers are expected to drive the uptake of saliva based sampling over the forecast period
Currently, clinical use of isolation and detection technology is limited to CTC quantitation but the number of CTCs is found to hold significant correlation with disease severity. This is, thus, estimated to augment the market over the coming years
Rising awareness regarding advantages of multiple gene analysis along with the help of NGS is anticipated to support the growth of the market
Organizations such as American Society of Clinical Oncology (ASCO) are engaged in supporting implementation of liquid biopsy, which in turn is likely to spur the growth of the market
Intensifying competition between biotech companies and increasing investments by government in healthcare institutes will lead to development of more sophisticated tests
Companies engaged in R&D and commercialization of these products include Pathway Genomics; Natera Inc.; Epic Sciences; Illumina; Foundation Medicine; Roche; LabCorp; and Sequenom

About Grand View Research

Thursday, 30 January 2020

Orthopedic Implants Market Outlook, 2024

The global Orthopedic Implants Market is expected to reach USD 6.2 billion by 2024, according to a new report by Grand View Research, Inc. Major drivers, such as the surging geriatric population count and the increasing number of sports injuries are fueling the demand for the orthopedic prostheses globally.

The soaring number of road accidents and sports injuries is continually engendering the multitude of worldwide trauma cases. In addition, people above the age of 65 years are highly prone to orthopedic diseases and fractures since bone density progressively reduces with increasing age. Thus, the growth in the number of trauma cases and the escalating elderly population is further driving the target patient base for prosthetic implants.

On the other hand, the cost prohibitive nature of these implants coupled with the inadequate reimbursement coverage is the prime factor restraining the growth of the global market. In addition, the existent stringent regulatory framework and the frequent product recalls are some of the other factors further challenging the growth.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/orthopedic-implants-market

Further key findings from the study suggest:

The knee replacement segment captured the largest share of the global market in 2015, which is attributable mainly tothe high prevalence of osteoporosis and arthritis.
The orthopedic implants for long bones are anticipated to show the fastest growth rate owing to the constantly rising sports injuries and accident trauma cases.
North America captured the largest market share of 53.4% in 2015 and is expected to maintain its dominance throughout the forecast period. The presence of a well-defined regulatory framework, recommendations of government and healthcare agencies, and the current high adoption rate of minimally invasive procedures are the major factors supporting the growth of the market in North America.
Asia Pacific is anticipated to exhibit fast paced growth during the forecast period due mainly to therising disposable income, growing awareness with regard to improved and advanced orthopedic prostheses, progressively improving healthcare infrastructure, and the flourishing medical tourism industry are some of the factors rendering the Asia Pacific region attractive to the international players.
The global orthopedic implants market is fragmented with the presence of many local players. Thus, market players are adopting strategies including mergers and acquisitions and distribution partnerships to expand their overall market share and sustain themselves in the competition.
Some key players operating in this market include Zimmer Biomet Holdings, Inc., Stryker Corporation, DepuySynthes, Smith & Nephew plc, Wright Medical Group N.V, and Medtronic Plc.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Non-Invasive Brain Trauma Monitoring Devices Market by Product and End Use

The global Non-Invasive Brain Trauma Monitoring Devices Market is expected to reach USD 15.12 billion by 2024, according to a new report by Grand View Research, Inc. The rising burden of Traumatic Brain Injuries (TBI) is a leading cause of neurodegenerative disorders such as Alzheimer’s and Parkinson’s disease. As a result, there are numerous initiatives taken at the regional and global levels to create awareness, which facilitated a heavy diagnosis rate, thus governing the growth of non-invasive brain trauma monitoring devices.

Technological advancements in this field are connected with accuracy, portability, and affordability, which are supporting the industry growth. For instance, recently available non-invasive intracranial pressure monitors, such as Transcranial Doppler (TCD), are accurate in positioning and creating a better pressure gradient and also bringing in more accuracy in the treatment.

The Minimally Invasive Surgeries (MIS) are less traumatic to patients and facilitate faster recovery with minimum complications. In minimally invasive neurological surgeries, non-invasive brain trauma monitoring devices play a critical role. Thus, the increasing volume of MIS is driving the industry’s growth.

The key target population in this industry includes people above 60 years. This section of the population is at a greater risk for TBIs and their co-morbidities. The global geriatric population is on arise and is a vital driver for this industry.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/non-invasive-brain-trauma-monitoring-devices-market

Further key findings from the study suggest:

Monitoring devices that include intracranial pressure monitors, MRI scanners, CT scanners, PET scanners, EEG, and MEG held a substantial share of around 60.0% in 2015. The high costs associated with this equipment and the increasing usage of these devices governed the growth of this segment.
The consumables sub-segment in the product segment is anticipated to witness lucrative growth over the forecast period. The repeat purchase of consumables and regular maintenance activities are expected to spur the demand for these products.

The market on the basis of end-use is segmented into hospitals, neurological centers, and other settings. The hospital segment dominated the end-use segment with over 75.0% of the revenue. The greater volume of surgeries performed in hospitals contributed to its growth.

On the contrary, neurological centers are expected to grow at a sturdy rate over the forecast period. The availability of specialized staff and advanced methodologies are likely to boost the demand for this segment.

North America dominated the non-invasive brain trauma monitoring devices market in 2015. The advanced healthcare system, high awareness level, and well-planned reimbursement policies helped this market to grow in this region. However, Asia Pacific is anticipated to witness significant growth over the forecast period.

Some key players operating in this industry include Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Advanced Brain Monitoring, CAS Medical Systems, Inc., Siemens, Compumedics Ltd., Medtronic Plc., and Integra LifeSciences. New product launches, co-developments, and acquisitions are the key initiatives in this industry.

For instance, in January 2013, Natus Medical acquired Astro-Med’s products included in monitoring and neurodiagnostic products. This acquisition helped the company to widen the portfolio of EEG systems.

About Grand View Research

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com