Orthopedic Devices Market will increase due to use for Fix Damaged Bones and Joints to Enable Patient Movements

Orthopedic devices are designed to support a damaged bone or replace a missing bone or joint. These devices are mainly made of stainless steel. Manufacturers also employ titanium alloys for strength and plastic coating that acts as an artificial cartilage. Orthopedic devices have major demand across the globe due to the growing cases of road accidents along with rising geriatric population that is prone to various orthopedic diseases. Rods, pins, plates, and screws are some of the most commonly used orthopedic devices to support fractured or damaged bones.

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Orthopedic Devices to Witness High Demand through 2022

Major orthopedic devices are trauma fixation devices, spinal devices, arthroscopic devices, support system, and orthopedic accessories. The spinal devices are likely to have a steady growth over the forecast period on account of new product development and growing occurrences of degenerative disc diseases. Rising adoption of minimally invasive surgeries for the treatment of orthopedic disorders along with the growing availability of these devices in developing regions is projected to augment the growth of this segment.

Trauma fixation devices are also projected to experience growth at a considerable rate during the forecast years. This growth can be attributed to the product innovations and high demand from various developing regions. Increased cases of road accidents and sports injuries are anticipated to further boost the demand for these devices. Increased consumer disposable income and growing awareness levels in various developed regions such as the UK and the US are also likely to contribute toward the increased demand.

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Market Overview

Based on the findings of a research study available on Radiant Insights, Inc.; the orthopedic devices market is likely to have rapid growth during the forecast period (2016 to 2022). Escalated demand for orthopedic surgeries, due to growing occurrences of orthopedic diseases and road accidents, are expected to propel market expansion in near future. Key companies in the market are Becker Orthopedic Appliance Co.; Comfortfit Orthotic Labs, Inc.; Otto Bock Holding GmbH & Co. KG; and Aspen Medical Products, Inc.

Novel product development is the primary strategy followed by most key players to gain the top market position. For example, The Orthopaedic Implant Company launched their OIC External Fixation System in the recent past at the Annual Meeting of Orthopaedic Trauma Association (OTA, 2017). This new fixation tool features a multi-hole clamp option along with bent and straight posts. It also has a patent pending single clamp system that can enable bar-to-pin and bar-to-bar construction.

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2017, Report on Global Veterinary Surgical Instruments Sales Market

The global veterinary surgical instrument market is projected to attain huge revenue by 2022, according to a report available on Radiant Insights, Inc. It is anticipated to exhibit a steady CAGR over the forecast period (from 2012 to 2022). High rate of animal adoption and animal healthcare expenses are the key market drivers. Use of advanced veterinary (vet) surgical instruments in treating various animal diseases can positively impact market growth.

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Veterinary surgical instruments are the indispensable tools used for animal treatment and surgery. Various imaging devices and other such tools assist veterinarian technology assistants and veterinarians in diagnosis and treatment of zoonotic diseases. Population of pet cats decreased to nearly 74 million in 2011, while pet dog numbers declined to nearly 70 million in the same year. Lack of pet insurance has deterred pet owners from taking their respective animals to vets. However, development of ergonomic instruments can change this trend in the market over the forthcoming years.

Vet instruments are being manufactured using tungsten carbide, rather than stainless steel for extended durability. They need to be cleaned on a regular basis to avoid corrosion and prevent the chances of infection. Spectrum Surgical Instruments Corporation, a US-based manufacturer, recently introduced an injection cannula set. It contains three pieces and is fabricated using stainless steel.

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The worldwide veterinary surgical instrument market is segmented on the basis of product, animal, application, and region. By product, the market is divided into trocars & cannulas; hooks & retractors; sutures, staplers, and accessories; surgical scissors; scalpels; forceps; and others. ‘Others’ include electro surgery devices. Sutures, staples and accessories accounted for a large market share in 2015. Electro surgery devices on the other hand, are estimated to exhibit rapid growth during the forecast period. Several inherent features such as precision, rapid healing, and easy handling of electrode pencils can impel the demand. They find wide applications in the surgeries for small and large animals.

As per animals, the market for veterinary surgical instruments is split into small and large animals. Small animals are sub-divided into canines, felines, and other animals. Equines and other large animals are subsumed within large animals. The spate of surgeries required to maintain racehorses and other large zoo animals are expected to positively impact demand over the years to come. Recently, a thoroughbred filly in Ireland was implanted with a scaffold to rebuild its jaw. Innovative applications can further boost the market expansion.

Major market applications comprise ophthalmic, sterilization, orthopedic, soft-tissue, dental, gynecology & urology, and other surgeries. B. Braun Vet Care GmbH, one of the major manufacturers in animal dental care, provides a surgical instrumentation kit. It can find applications in jaw orthopedics, dental diagnostics, and conservation of teeth. Dental surgery is expected to exhibit remarkable growth in the near future due to prevalence of teeth maladies such as Feline Odontoclastic Resorptive Lesions (FORL) and parodontitis.

Regional segmentation covers India, Japan, China, United States, Europe, and Southeast Asia. Europe is estimated to dominate the overall market followed by North America. Regions within Asia Pacific – Japan, China, and India, are anticipated to grow robustly during the forecast period. Large livestock population and mushrooming veterinary centers can propel the regional market.

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Key players operating in the veterinary surgical instruments market are Integra Lifesciences Holdings Corporation; Jorgensen Laboratories; Medtronic PLC; IM3 Inc.; and DRE Veterinary. Medtronic and Jorgensen are expected to continue dominating the global market till 2022. Acquisitions, novel products, and collaborations are the chief business strategies practiced by most companies to sustain market hold.

Recently, Neogen Corporation acquired SyrVet Incorporated to enhance its own product portfolio. The distribution partnership of SyrVet with sheep, beef, dairy, and pork producers is expected to facilitate the former’s business expansion in the years ahead.

United States Brain Monitoring Equipments Industry, 2017

Brain monitoring equipment market in the United States is projected to earn good revenue by 2022). It is expected to grow at a significant CAGR over the forecast period (from 2016 to 2022). Rising incidence of brain disorders such as multiple sclerosis, Alzheimer’s, and epilepsy is the key market driver.High demand from intensive care units is projected to further support the growth in the forthcoming years.

Brain monitoring equipment can analyze abnormal brain waves. They assist in the neural and electrical activity within the brain. This can provide accurate readings to aid in medical diagnosis and course of treatment. The market is expected to witness steady rise in revenue in the forthcoming years. Revenue in the market has been sluggish due to the 2011 recession. However, technological advancements can cause positive impact on the global market.

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Advancements in brain monitoring devices have led to their implementation in post and perioperative settings. For instance, Cortical Dynamics Ltd., a specialist in these devices launched the Brain Anesthesia Monitor to check the effect of anesthesia on patients during presurgery. This could reduce insurance claims related to intra-operative awareness during surgeries. Portability is a feature that could reduce the prices of these devices. Rise in geriatric populace and consumer awareness can further contribute to market growth during the forecast period.

The brain monitoring equipment market in the United States is segmented on the basis of types, applications, and regions. By types, the market is divided into Electroencephalography (EEG), Electromyography (EMG), Intracranial Pressure (ICP) monitors, Transcranial Doppler (TCD), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Magnetoencephalography (MEG), Computerized Tomography (CT), cerebral oximeters, and sleep monitoring devices.

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EEG devices are expected to dominate the overall market till 2022. Applications in the treatment of epilepsy and sleep disorders are anticipated to drive the market. MRI may exhibit a high CAGR on account of technological advantages over the years to come. Applications in staging and diagnosis of neurological disorders are expected to further support the demand in the forthcoming years.

Major market applications encompass clinics & ambulatory surgery centers, hospitals, and others. Hospitals may lead the market on account of demand during the forecast period. Easy access to latest medical technologies is the key driver. High capacity to manage the inflow of patients as well as rapid installation of advanced brain monitoring equipment can further impel the expansion. Demand for cerebral oximeters and ICP monitors on account of growing cases of hypoxia can contribute to future market growth.

Geographically, the brain monitoring equipment market is fragmented into the Midwest, West, Southwest, South, Middle Atlantic, and New England. Recently, Neuronetrix, a Kentucky-based company, received FDA approval for its portable EEG device dubbed ‘Cognision System’. This device allows doctors to undertake patient tests in a clinical setting. In addition, it is also found successful in testing the effects of trial drugs that can be beneficial for brain disorders.

Major players operating in the United States market for brain monitoring equipment are Advanced Brain Monitoring, Natus Medical Incorporated, Siemens Healthineers, Philips Healthcare, and Medtronic Public Limited Company. Acquisitions and product innovations are the chief business expansion strategies incorporated by most companies to sustain market competition.

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Philips Healthcare recently completed its acquisition of Electrical Geodesics to extend its product portfolio. Its existing imaging technology could play a major role in shaping future products. The combination of clinical informatics and mapping tools can allow the company to provide better solutions targeting patient care.

Global Automated Peritoneal Dialysis (APD) Industry, 2017 | Market Research Report

Automated Peritoneal Dialysis (APD) is a modality of Peritoneal Dialysis (PD) which is performed by a machine during night time when the patient is asleep. It is also known as Continuous Cyclic Peritoneal Dialysis (CCPD). The system uses the peritoneal membrane of the patient to draw excess and waste fluid from blood.

How does it Work?

In this, a machine performs dialysis, the process of removing excess water and other wastes from a patient’s body over a period of 9 to 10 hours. The machine determines the fluids required for each exchange and times its delivery, dwell, and drainage automatically. Approximate training time for this process is around ten days; after that patients can perform this process at home.

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New System for Home Dialysis Solution Generation

Growing demand for home dialysis and other home-based treatments has resulted in various technological, as well as product innovations. Thus, a lot of APD system manufacturers are focusing on R&D activities to introduce innovative and easy-to-use systems. For example, Baxter International, Inc. is designing a new system for PD solution generation to produce at-home sterile peritoneal dialysis solutions.

The new system is incorporated with AMIA APD system of the company and is designed to produce sterile PD solutions with the help of a small water filtration device at the patients’ homes. It is also said to decrease the weight and storage handling needs of the traditional PD solutions. According to the company, this system canoffer physicians the flexibility to prescribe different dextrose concentrations for every dwell cycle, based on individual requirements.

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Market Overview

Based on the findings of a new research report available on Radiant Insights, Inc.;the global Automated Peritoneal Dialysis (APD) market is likely to witness fast-paced growth over the forecast years (from 2017 to 2022).Growing private investments and venture funding that support novel product innovation are predicted to augment the market in near future.

Moreover, increased government expenditure on healthcare driven by focus on the last-stage renal disease treatments is also anticipated to propel the global market over the next few years. High preference for home-based therapies is also projected to positively affect the market over the forecast period (2017 to 2022).

The global APD market is dominated by various key companies including JMS Co., Ltd.; Baxter International Inc.; Terumo Medical Corp. (TMC); Diaverum Sweden AB; and Fresenius SE & Co. KGaA.

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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Global Nuclear Medicine Market is anticipated to grow rapidly Over Period, 2017-2021

Increasing cases of chronic diseases such as cardiac disorders and cancers are expected to boost the demand for nuclear medicines owing to their extensive usage. In addition, need for accurate and early diagnostic procedures along with the high demand for advanced treatments may further augment the market growth in near future. High demand for Positron Emission Tomography (PET) and Single Photon Emission Computed Tomography (SPECT) imaging is also one of the key market drivers. Moreover, increased awareness about PET/CT and SPECT/CT medical imaging technologies is projected to encourage the technological progression in the global market for nuclear medicine during the next few years.

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Rapid technological advancements, use of hybrid imaging, rise in public awareness, abundance of radio pharmaceuticals, and availability of a wide variety of products are also projected to propel the market in near future. In addition, growing therapeutic applications and replacement of traditional equipment may further boost market expansion over the forecast period. Factors such as high costs of processing and availability of limited stocks of nuclear medicines may hinder the growth of this market. However, positive industry trends such as production based on cyclotron and huge investments in research and development (R&D) and partnerships for the discovery of nuclear medicines are anticipated to help overcome these challenges in the next four years.

Recently, Royal Philips showcased their latest solution and technology, Vereos Digital PET/CT that features their proprietary Digital Photon Counting (DPC) tech, at the SNMMI 2017 Annual Meeting. It offers enhanced diagnosis and quantification at half the PET dose. The global nuclear medicine market is categorized into product type, application, and region. Based on product type, the market is categorized into therapeutic, diagnostic, and type C. Based on application, the market is divided into neurology, oncology, and cardiology.

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Based on region, the market is segregated into Europe, North America, and Asia Pacific (APAC). North America dominated the global market in the past. Factors such as better reimbursement structure, well-planned policies, and high awareness and healthcare expenditure levels are expected to boost the regional growth in near future.

On the other hand, the APAC regional market is anticipated to have lucrative growth over the next few years. Growth of this region can be attributed to the rising demand for nuclear medicines in various developing countries due to improving healthcare standards, increased disposable income, and reforms in foreign policies. Moreover, rising cases of neurological and cardiovascular diseases and population explosion in the region are also projected to fuel the APAC market.

Some of the major companies operating in the global market for nuclear medicine include Toshiba Medical Systems Corp.; Bracco Imaging S.p.A.; GE Healthcare; Eckert & Ziegler Group; and Siemens Healthineers. Most key players have undertaken market strategies to obtain the maximum market share. These strategies include partnerships, mergers and acquisitions, global business expansion, and development of new product and/or technology. Among these, product development is the key strategy that can get more customers. Apart from these strategies, prominent market players have also heavily invested in research & development activities to discover advanced nuclear medicines.

Global Active Pharmaceutical Ingredients ((APIs) Market is Anticipated to Reach a Significant Valuation By 2021

Rising per capita spending of consumers on healthcare can play a pivotal role in the development of the market over the forecast period (2017 to 2021). Surging use of specialty medicines and the flourishing growth of the pharmaceutical sector are anticipated to keep the demand high for active pharmaceutical ingredients.

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Growing geriatric population may also stoke the growth of the market. Since aged people are more susceptible to disorders such as type 2 diabetes, cancer, cardiovascular diseases, and high blood pressure, growth in their population is likely to expand the base of patients suffering from chronic diseases worldwide. This, in turn, can escalate the demand for APIs. Spiraling demand for rapid-acting and efficient drugs is also poised to augment the market in near future. 

Patent expirations of blockbuster drugs can translate into the greater uptake of generic versions of these drugs. This results in blockbuster drug manufacturers incurring a loss. Moreover, after a patent expires, R&D investments are no longer beneficial for the company, Hence; the trend of outsourcing is constantly increasing, thereby supporting the growth of the market.

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Technological advancements in the drug manufacturing facilities are expected to provide a fillip to the market. Introduction of advanced and innovative systems for manufacturing active pharmaceutical ingredients may augur well for the global API market. To put this in perspective, in September 2017, Amazon Filters manufactured two filter housings – one made up of Polytetrafluoroethylene (PTFE) and another one using Tantalum metal deposition – exhibit phenomenal resistance to corrosive chemical damage. Soaring uptake of biopharmaceuticals can also work in favor of the market.

On the other hand, strict regulatory requirements can impede market growth over the forecast period. This can be further exacerbated by the unfavorable policies pertaining to drug price control across several countries. Furthermore, high manufacturing costs of APIs can adversely affect the growth of the market.

The global active pharmaceutical ingredients market is segmented on the basis of product, applications, countries, and region. Based on product, the market is divided into vaccines, biotech, and synthetic. In terms of applications, the market is classified into CNS & neurological disorders, cardiovascular disorders, and oncology. By country, the market is fragmented into Germany, United States, Japan, United Kingdom, China, and South Korea.

From the geographical standpoint, the market is categorized into North America, Asia Pacific, and Europe. North America is expected to hold a prominent position in the global arena. The region is primarily driven by the presence of a robust R&D infrastructure for drug development. Rapidly growing population of geriatrics and surging demand for generics, especially in countries such as the U.S., are likely to contribute to the growth of the region. Favorable government initiatives can also have a positive impact on the regional growth.

Dental Sterilization Cabinetry Market Comprises a Workstation that Sterilizes Dental Instruments

The dental sterilization cabinetry market in Europe, Middle East, and Africa (EMEA) is projected to attain high earnings by 2022, according to a report on Radiant Insights, Inc. It is expected to grow remarkably during the forecast period (2012–2022) due to emphasis on sterilization of dental instruments to prevent infections.

Dental sterilization cabinetry comprises a workstation that sterilizes dental instruments. It is also referred to as a dental sterilization center. The tools used are expected to save labor costs and increase profit margins of dental clinics. Autoclaves are in-built sterilizers in the cabinet that use steam or heat for sterilization purposes. Government regulations stressing on instrument sterilization is expected to drive demand in the EMEA market over the forecast period.

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Demand for all forms of sterilization equipment is high across clinics and hospitals in the region, primarily owing to increased prevalence of oral diseases as well as adherence to governmental guidelines regarding sterilization. The University Dental Hospital in Cardiff (UDHC) recently installed a dental sterilization center in their premises on account of catering to a huge consumer base annually.

Manufacturers are enticing customers by providing sterilization centers that are compatible with the latest devices. These units are embedded with Ethernet connections, plug-and-play options for portable devices, and technological accessories that automate the dentist’s workflow. For instance, Austin Dental Equipment Company (A-dec), Inc. launched a new style of dental cabinets that are in-built with light-emitting diode (LED) lamps, USB ports, and customized compartments. It has the necessary equipment to keep a dentist’s bay free of infection.

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The dental sterilization cabinetry market in the EMEA region is segmented by product into bead, steam, and dry heat. The steam sterilization cabinet segment is expected to thrive during the forecast period due to prolonged usage of steam to disinfect instruments. The bead segment is estimated to register high growth thanks to demand for sterilizing dental instruments in a deadline-driven environment.

Region-wise, the EMEA market is fragmented into Europe, Africa, and the Middle East. The Europe market is predicted to expand due to rising emphasis on oral health by European countries like the United Kingdom (U.K.). Dental sterilization units can assist dentists in keeping their quarters clean and preventing rise of periodontal diseases. Companies in Europe are heading toward consolidation with majority of manufacturers to follow a standard that can expand their reach globally.

The Middle East and Africa markets are estimated to display significant growth rates due to prevalence of oral diseases, consumer with oral health issues, and increasing number of dental clinics. Dental programs stressing the importance of sterilization and cleanliness in dental clinics can also drive market demand in the forthcoming years.

Cardiac Catheters Market- Status and Outlook for Major Applications/End Users, Sales Volume Share and Growth Rate

Rising prevalence of coronary diseases across the globe, particularly in Europe, Africa, and the Middle East (EMEA), has led to the development of catheters. Catheters are medical devices that assist surgeons in clearing out clogged veins or arteries. Types of coronary catheters include angiographic catheters, balloon catheters, micro catheters, and floating catheters. High incidence of strokes in Europe has led to regional hospitals adopting balloon catheters for angioplasty surgical procedures. Minimally invasive surgeries (MIS) are influencing the use of catheters on account of low surgical procedural hours and high patient recovery rates.

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Importance of Angiographic Catheters

Angiography catheters can be used in clearing obstructions in arteries or hindrances that can cause strokes. They also provide a visual representation of surrounding tissue around the affected area to assist surgeons during an interventional procedure. An instance of this is the Outlook angiographic catheter by Terumo, which is flexible enough to deliver therapeutics to intended areas. It can be used to deploy stents or scaffolds to specific targets. The Hear trail II is a catheter designed to assist in MIS such as per cutaneous transluminal coronary angioplasty (PTCA). These devices can play a major role in reducing chances of strokes.

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Market Overview

The cardiac catheters market in Europe, Middle East, and Africa (EMEA) is expected to expand at a steady pace till 2022, according to a report on Radiant Insights, Inc. High prevalence of cardiovascular diseases in these regions is one of the major driving factors of the market. Conditions such as hypertension and diabetes, which act as a precursor to chronic coronary diseases, are also on the rise, thereby boosting the market.

Government campaigns to spread awareness among consumers regarding these devices can save lives. The option of minimally invasive surgeries is expected to appeal to consumers in these regions. In addition, constant improvements in catheters as well as up gradation of healthcare infrastructure can positively impact market growth.

Noteworthy market players include Medtronic plc; Terumo Corporation; 3M Health Care Ltd.; and Edwards Lifesciences.

Antimicrobial Solutions to InfluenceSales of Dental Sterilization Cabinetry Market in EMEA

Emphasis on oral health and cleanliness in dental operatories has brought to the fore the importance of dental sterilization cabinetry. Dental sterilization cabinetry or dental sterilization centers comprise instruments or devices that help dentists keep their workspace clean. Instruments such as cassettes and autoclaves help in disinfection, while other sections of the center assist in organizational workflow.

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Steam, bead, and dry heat are types of dental sterilization centers. These units are embedded with various devices that can inhibit growth of bacteria or algae. In addition, presence of these units streamlines the efficiency of dental clinics. Clinics and hospitals are among its major end users.

Focus on Ergonomic Design by Leading Companies

Dental EZ, Inc., a dental solutions provider, has introduced new units to its dental cabinet line of furniture. The NextGen Sterilization Center and NextGen Basic Workstation are equipped with essential devices that assist in dental procedures. Its storage unit can store dental instruments according to size and shape. In addition, it has faucets, a sink, and waste bin to keep the area clean.

Some manufacturers are also introducing latest technologies to entice consumers. The Planmeca Evolution Dental by Planmeca has outlets for Ethernet and USB connections. In addition to storage options, it has other devices that adhere to stringent sterilization guidelines outlined by regulatory agencies.

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Market Overview

The dental sterilization cabinetry market in Europe, Middle East, and Africa (EMEA) is expected to expand from 2012 to 2022 (forecast period), according to a report on Radiant Insights, Inc. Consumer awareness regarding oral health and government regulations stressing on instrument sterilization to prevent infection are factors driving market growth.

The bead sterilization cabinetry segment can be expected to exhibit a decent CAGR during the forecast period due to need for devices that sterilize dental instruments in a fast-paced work environment. The Europe market is projected to grow at a rapid pace by 2022 due to rising emphasis on safeguarding oral health.

Noteworthy market players include A-dec, Inc.; Fedesa; BMS DENTAL; and Hager & Werken GmbH.

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Veterinary Imaging Equipments Industry is expected to exhibit a high CAGR during the forecast period

The increasing per capita income of consumers in the United States (U.S.) has led to the high adoption rate of companion animals. Veterinary imaging equipment can suffice the diagnostic imaging needs of small animals. Farm animals and zoo animals also require imaging tests on a regular basis to prevent them from diseases or infections. This equipment encompasses radiography systems (X-ray), ultrasound, endoscopy imaging, and magnetic resonance imaging (MRI) systems. These systems are essential for diagnosis and treatment of animals.

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The images collected from these devices can be used to further investigate the causes of different zoonotic diseases. The high cost of these imaging devices deters veterinary clinics from adopting them. But mobile veterinary imaging clinics are seeing an upsurge in towns or cities that are unable to afford such devices. These clinics even send their on-call vets to assist in the procedure.

A Clearer Picture

Technological developments in the vet imaging equipment market have allowed manufacturers to reduce the size of their diagnostic devices. Infiniti Medical, a provider of veterinary medical devices, has created an imaging tool in the size of a capsule. The product “ALICAM” can be used in scanning pictures of the gastrointestinal (GI) tract and provide a detailed diagnosis within canines. It relies on Ambulatory Light-based Imaging (ALI) to investigate symptoms such as food intolerance, diarrhea, reduced appetite, and weight loss.

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The University of Pennsylvania recently acquired the Equimagine imaging system, a device used in scanning standing or moving horses. The system can capture CT images of horses with the help of C-arms. The non-invasive technology is expected to open up new opportunities for vet imaging system manufacturers.

Market Overview

The radiography systems segment had acquired a sizable market share in 2016. Clinics, hospitals, and academic institutes are major end users of the market. The clinics segment is expected to exhibit a high CAGR during the forecast period owing to a large number of veterinaries and associated personnel employed in clinics. Major market players includeVCA, Inc.;IDEXX Laboratories, Inc.;Diagnostic Imaging Systems, Inc.; and GE Healthcare.

The United States veterinary imaging equipment market is expected to attain lucrative revenue by 2021, according to a report on Radiant Insights, Inc. High adoption rate of companion animals, establishment of veterinary clinics, and rise in numbers of veterinary technicians are some of the factors that can propel the market to expand at a high CAGR during the forecast period (2016 to 2021). Pet insurance that covers imaging costs is also a significant factor that may contribute to market growth.

Oncology Market is projected to Attain Revenues worth USD 241 Billion by 2023

The global oncology market is projected to attain revenues worth USD 241 billion by 2023, according to a report on Radiant Insights, Inc. It is estimated to expand at a CAGR of close to 11% from 2016 to 2023, the forecast period. It is driven by increasing number of cancer cases, rising elderly populace, and growing consumer awareness regarding various cancers. Large variations in treatments of cancer in developing countries are expected to contribute toward market growth.

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According to the American Cancer Society (ACS), there can be close to 1.7 million cancer cases in 2017. This can be attributed to sedentary lifestyles and decline in immunity levels. Various cancers studied in this market are hematological cancer, colorectal cancer, prostate cancer, breast cancer, and lung cancer. Breast cancer accounted for a large market share due to its constant recurrence in women. Major manufacturers are developing second-line treatment to prevent its metastasizing to later stages. Colorectal cancer is expected to be the second largest segment, followed by liver and prostate cancer.

Development of combination therapies and targeted therapies are major trends anticipated to drive market growth over the forecast period. Targeted therapies focus on specific proteins and cells and aid the immune system in eliminating cancerous cells. For instance, TapImmune Inc. has developed two vaccines (TPIV 100 and TPIV 200) that are expected to trigger autoimmune responses against molecular targets.

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The worldwide oncology market is segmented based on marketed product, pipeline product, and molecular target. By marketed product, the market is divided into Zytiga (abiraterone acetate), MabThera/Rituxan (rituximab), Herceptin (trastuzumab), Opdivo (nivolumab), Alimta (pemetrexed), Gleevec/Glivec (imatinib mesylate), Revlimid (lenalidomide), Avastin (bevacizumab), and Xtandi (enzalutamide).

Revlimid, a pill developed by Celgene, netted nearly USD 7 billion revenue in sales in 2016. Opdivo, developed by Bristol-Myers Squibb, has been used in combination therapies along with chemotherapy to fight various cancers. It is popular as a second line of treatment and the first chemo-free drug for lung cancer.

Pipeline products include Tisagenlecleucel-T, Durvalumab and Tremelimumab, Abemaciclib, Acalabrutinib, KTE-C19, Tisagenlecleucel-T, Rova-T (rovalpituzumabtesirine), Acalabrutinib, and Neratinib.

2017, Global Blood Pressure Transducers Industry: Market Research Report

The global blood pressure transducers market is estimated to register a robust growth rate over the forecast period (from 2017 to 2022), as per a report available on Radiant Insights. Blood pressure transducers are invasive devices used for measuring venous and arterial blood pressure. These small, light-weight devices contain a lean and flexible metallic diaphragm connected to the device by an inductive connection. A blood pressure transducer helps determine the exact blood pressure through an amplifier. This is done so with the help of an attached electrical converter, which converts blood pressure into analog electrical signals.

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Researchers at Valencell, a U.S.-based biometrics company, have launched a novel technology that lets users check blood pressure levels just by touching the screen of their mobile devices. As compared to conventional blood pressure measuring methods, which include wearing a special cuff to get a reading, this new technology requires users to simply tap a sensor on their mobile phones. As per the company, the technology has gone through strict validation and testing, based on a number of different data sets. The company is also focusing on creating a stand-alone solution intended for hospital usage.

Increasing cases of cardiovascular diseases across the globe are expected to be a key growth driver for the market. In addition, a rise in the occurrence of low or high blood pressure and hypertensions projected to fuel the growth of the global market in future. Increasing geriatric population prone to various health issues resulting from high cholesterol and high intake of tobacco or alcohol is another key growth driver. However, high prices associated with these devices and lack of trained professionals to operate advanced devices may hinder the growth of this market.

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The global blood pressure transducers market is categorized as per product type, enduser, and region. Based on product type, the market is categorized into dual channel transducer, single channel transducer, and others. On the basis of enduser, the market is categorized into national and public hospitals and private hospitals.

On the basis of geography, the worldwide market is divided into India, North America, Southeast Asia, China, Europe, and Japan. Improving standards of living and rapid economic growth in emerging countries are anticipated to boost market growth in Southeast Asia. As a result of strong growth potential, these countries are now focusing on providing high-end medical treatments by enhancing healthcare infrastructures such as community medical facilities and public hospitals.
North America accounted for the largest market share in the past due to high incidence rate of hypertension and cardiovascular diseases in the region. The regional market is expected to further witness substantial growth in the near future on account of growing adoption of highly advanced products, such as fiber optic blood pressure transducers.

Coronary Stent Industry is projected to Gain Good Returns Based on Revenue by 2022

Coronary stents are medical devices used to expand the pathway in arteries clogged by plaque, fat, and cholesterol stuck to arterial walls. According to the World Health Organization (WHO), CVDs accounted for nearly 31% deaths globally in 2012.It is expected to be a major driving factor of market demand in the forthcoming years. Increasing cases of angina and stroke are triggering need for scaffolds, bioresorbable stents, and other biodegradable stents.

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The worldwide coronary stent industry is projected to gain good returns based on revenue by 2022, according to a report available on Radiant Insights, Inc. It is expected to exhibit a decent CAGR from 2016 to 2022. Rising incidence of cardiovascular diseases (CVDs) and sedentary lifestyles globally is expected to encourage market growth throughout the forecast period (2012 to 2022). Latest procedures can prolong the life of the geriatric populace, resulting in increasing market sales.

Innovations in coronary stents have improved the chances of consumers undergoing cardiovascular or heart surgery. The latest stents aim to decrease sensitivity of drugs and reduce risk of surgery. For instance, Medtronic Japan Co. Ltd., a subsidiary of Medtronic PLC, has launched the Resolute Onyx Stent System in 2017. Its biopolymer material allows it to penetrate arterial walls and handle complex lesions with ease. The success of these technologies has contributed to the growth of percutaneous coronary intervention (PCI).

The report “Global Coronary Stent Industry 2017 Market Research Report” is available now at www.radiantinsights.com/research/global-coronary-stent-industry-2017

Key end users in the market comprises cardiology centers, ambulatory surgery centers (ASCs), and hospitals. The ASC segment dominated the market in 2016 and will continue its dominance till 2022. It will gain a major market share due to several advantages over hospitals and cardiology centers. These advantages include surgery specialists, minimum hospital stay, and reduced cost of surgery.
On the basis of geography, the market is divided into China, Japan, India, Southeast Asia, Europe, and North America. North America reportedly dominated the global market in 2016, followed by Europe. China, India, Japan, and Southeast Asia are regions with immense growth potential thanks to a large patient pool and low manufacturing costs of these devices.

Major market players include Medtronic PLC, Terumo Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, and Abbott Laboratories. Mergers andacquisitions, collaborations, and novel product launches are business strategies incorporated by these players to increase their market share. For instance, Abbott received U.S. FDA approval for its absorbable stent, Absorb GT1 BVS, in 2016. It is manufactured using biodegradable polymer to treat any arterial disorders. It has the potential to bypass any complications associated with other permanent devices.

RFID Smart Cabinets Market Growth: Equipment Tracking and Record Maintenance in Hospitals

The global RFID smart cabinet market is categorized as per product, type, application or end user and region. On the basis of product type, the market is categorized into standard form and customized form. On the basis of application, the market is segregated into hospitals and large clinics. Both application segments are expected to witness healthy growth in the global market over the forecast period. RFID has a wide range of application in hospitals for the purpose of equipment tracking and record maintenance. The growth of this segment can be attributed to rising need for inventory management in hospitals. RFID smart cabinets help enhance supply chain performance and reduce shrinkage.

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According to a new report available on Radiant Insights, the global RFID smart cabinet market is anticipated to grow at a decent CAGR over the forecast period (from 2017 to 2022). Growing applications and adoption levels of RFID are expected to propel the growth of this market over the coming years. Moreover, numerous benefits associated with RFID smart cabinets, such as real-time tracking, lesser inventory waste, reduced equipment losses, and increased accuracy, are also projected to fuel market growth.

Supportive initiatives undertaken by several healthcare institutions to limit costs through the adoption of these efficient inventory management solutions are also estimated to augment the growth of the global market. In addition, various government regulations regarding capable inventory management of medical supplies in the healthcare sector are anticipated to boost market growth over the forecast period.

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On the basis of geography, the RFID smart cabinet market is divided into the U.S., Japan, India, China, Europe, and Southeast Asia. Asia Pacific is expected to be the most lucrative regional market for RFID smart cabinets. India is projected to grow at a rapidCAGR over the forecast period. This can be credited to growing patient awareness and rising implementation of supportive regulations.
The U.S. accounted for a significant share in the overall market on account of the presence of various market players. In addition, government support for sophisticated infrastructure in the healthcare sector in the country is responsible for the growth of the entire region.

The global market for RFID smart cabinets is mainly dominated by regional companies and these compete on the basis of technology and price. Major companies operating in the global market include LogiTag Systems Ltd.; Palex Medical, S.A.; SATO Vicinity Pty. Ltd.; Mobile Aspects, Inc.; Tagsys S.A.S.; and Terso Solutions, Inc. These market players are investing in various strategies to gain the topmost market position. These strategies include new product and/or technology development, regional expansions, product portfolio expansion, and mergers and acquisitions.

SATO Vicinity Pty. Ltd., a leading Auto-ID solutions provider, has developed new SATO PJM PJM RFID-enabled Cabinets. These cabinets use PJM RFID1 technology; which helps deliver excellent precision for real-time inventory control in an interactive package.

With the new PJM RFID-enabled Cabinet, healthcare providers across the globe can now implement efficient practices to decrease loss, scan hundreds of items in just a few seconds, and ensure employee accountability.

Mouth Anatomical Model Market is expected to be driven by demand for aspiring dentists

According to a report available on Radiant Insights, Inc., the mouth anatomical model market focused on the United States (U.S.) is projected to attain lucrative returns by 2022, growing at a respectable CAGR from 2016 to 2022, the forecast period. These models are used to study the anatomy of the mouth in further detail and develop additional techniques to tackle periodontal diseases. The market is expected to be driven by demand for aspiring dentists. Rising incidence of oral diseases due to current lifestyles is another factor driving its adoption among dentists.

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Mouth anatomical models are negative impressions of human teeth. They are used by students and dentists alike to study the anatomy in detail. They can be used by dentists to make consumers aware of periodontal diseases. Their applications comprise restorative dentistry, orthodontics, prosthodontics, and maxillofacial prosthetics. The ever-growing geriatric populace, who are most susceptible to these diseases, will benefit the most. Saliva, which can fight majority of bacteria, is lacking by this demographic due to the amount of medicines consumed.

Innovations in the industry include production of anatomically accurate 3D models used in biomedical engineering and medical applications. Biomedical Medical Inc., a company specializing in producing 3D models, can create customized as well as anatomically-accurate models with the help of computer-aided design software. Biomedical students at the University of Wisconsin-Madison have used the aid of a mouth model to study effects of dysphasia. Digital dental impression systems are being employed by dentists to create accurate mouth models. This can aid them in creating a full or a partial set of teeth more precisely.

The mouth anatomical model market in the U.S. is segmented based on type, end-user , and region. Types comprise adult and children models. Children dental models are used in prepping preschoolers about dental appointments. They can further their knowledge in oral anatomy. For instance, the Formative Haptic Center, a studio in Colorado, is assisting children in their education by helping them build mouth and other anatomical models using clay.

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Major end-users of the market are medical colleges, dental clinics, and hospitals. Medical colleges use these models to impart training to students. Dental clinics and hospitals utilize these models in surgical settings to ascertain the safest method to treat dental diseases. They also employ these models to store false dentures.

Regions in the U.S. market encompass the Midwest, the West, the Southwest, the South, the Middle Atlantic, and New England.All of the above-mentioned regions are expected to showcase a steady CAGR during the forecast period.

Prominent market players include 3B Scientific, ProdontHolliger, 3diemme S.R.L., Columbia Dentoform, and Altay Scientific SpA. Recently, Altay Scientific opened a plant in China in a bid to reduce expenses and sustain its hold on the market. It plans to utilize the capacity of a DGK36” sputtering plant to replace the obsolete galvanic process used to produce plastic and metal components. Novel production techniques and collaborations are business strategies to be used by these players in the forthcoming years.

Micro-Ultrasound Systems Market is categorized as Per Product Type, Application, End-user, and Region

Micro-ultrasound systems help analyze diseases in humans and give a platform to observe tumor volume changes, angiogenesis, and monitor heart rate, ECG, and body temperature of animals. As per a report available on Radiant Insights, Inc., the global micro ultrasound systems market is anticipated to register healthy growth over the forecast period (from 2017 to 2022). Major growth factors include increasing preclinical research on cancer and imaging modality in research institutions and the pharmaceutical industry.

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Micro-ultrasound systems are capable of anatomical imaging. These systems create sound waves from transducers and penetrate the living tissue to produce a 2D or 3D image. They have a wide variety of applications that enable microinjection of drugs, detection and determine the cardiotoxicity (a condition wherein heart muscles are damaged) for cancer treatment and several other tumor probes. Such wide and diverse application areas of micro-ultrasound systems create considerable opportunities in various diagnostics and treatment procedures.

These systems provide great support to various clinical research activities across the globe. Advanced image resolution has enabled these systems to identify small tumor vasculatures. They also help with real-time imaging using highresolution. Micro-ultrasound systems are easy to use, are portable in nature, and are cost-effective; this is expected to boost the growth of the global market over the next few years. However, as compared to micro-CT and micro-MRI, adoption levels of micro-ultrasound systems are lower, which is expected to hinder the overall growth of this market.

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Major companies operating in the global micro-ultrasound systems market include FUJFILM VisualSonics Inc.; Hitachi Medical Systems; Exact Imaging; and Carestream Health, Inc. These companies are actively participating in various R&D activities for novel product development to gain a top position. Other strategies undertaken by these players are mergers andacquisitions andregional expansions.

Exact Imaging recently launched a new micro-US/MRI fusion application called FusionVu, which complements its ExactVu micro-US system. The new system uses an approach “Cognitive Assist”, wherein urologists can easily and quickly import radiological reports or annotated MR images themselves. The global micro ultrasound systems market is categorized as per product type, application, enduser, and region . Based on product type, the market is segmented intononinvasive imaging and in-vivo imaging. Based on application, the global market is segregated intolesion detection, drug efficacy, and cancer research or tumor volume. Based on enduser, the micro-ultrasound systems market is divided into diagnostic centers, pharmaceutical and biotechnology industries, and clinical research institutes.

Based ongeography, the market is divided into Europe, North America, China, Southeast Asia, India, and Japan. The North America and Western Europe regions are growing markets for micro-ultrasound systems as many of the companies are present in these regions. In addition, companies here are actively participating in research activities for technological improvement with regard to the size of these systems and their usage in diverse preclinical research. The Asia Pacific region is expected to be another potential market for micro-ultrasound systems as many of the research institutes and pharmaceutical companies have a strong presence in this region.

Wireless Blood Glucose Meter Market Report: Production, Revenue, Price, Share and Growth Rate

Rising awareness and development of self-monitoring blood glucose meters can boost demand in the years to come. Developing economies have a huge market potential on account of a large patient pool and low market penetration of the existing devices. Carematix Wellness Systems recently launched its OneTouch Ultra device. It can track blood sugar readings remotely and store all the necessary data regarding food, medication, and stress levels. This allows consumers to track their glucose levels on a daily basis.

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The US Food & Drug Administration (FDA) has given 510 (k) clearance to the OneTouch Verio Flex glucometer by Johnson & Johnson (J&J) for its integration with BlueStar diabetes management platform by WellDoc. This product can reflect blood sugar readings through a range of color indicators. It can be installed on the mobile devices. The device can also send guided plans according to the readings.

The US Food & Drug Administration (FDA) has given 510 (k) clearance to the OneTouch Verio Flex glucometer by Johnson & Johnson (J&J) for its integration with BlueStar diabetes management platform by WellDoc. This product can reflect blood sugar readings through a range of color indicators. It can be installed on the mobile devices. The device can also send guided plans according to the readings.

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The worldwide wireless blood glucose meter market is segmented on the basis of types, applications, and regions. By types, the market is bifurcated into manual and automatic blood glucose meters. The latter enjoys greater popularity due to its user-friendly system. Major market applications comprise physical examination centers, hospitals, and clinics. Hospitals are expected to garner major market share over the forecast period. Assistance in detecting diabetes at an early stage can propel the demand. Data samples obtained from these tests can act as a precursor for better drugs and antibiotics.

The global wireless blood glucose meter market is anticipated to attain impressive revenue by 2022, according to a report available on Radiant Insights, Inc. High prevalence of diabetes and adoption of sugar level surveillance systems are the key market drivers. Diabetes is one of the leading causes of deaths around the world. Fast-paced lifestyles imbued with poor dietary habits can cause diabetes. Rapidly growing elderly population and prevalence of diabetes is anticipated to impel blood glucose meter sales in the forthcoming years.

Geographically, the global wireless blood glucose meter market is divided into Southeast Asia, Europe, United States, India, China, and Japan. United States is expected to lead the global market in the years to come. Availability of the latest technology, increased healthcare per capita, supportive reimbursement policies, and huge patient pool are the key regional growth drivers. China on the other hand, is expected to exhibit a high CAGR, followed by India and Japan.

Key market players include Abbott Diabetes Care, F. Hoffmann-La Roche AG, Nova Biomedical, ForaCare Suisse AG, and General Life Biotechnology Co., Ltd. Product launches and innovations are some of the chief business expansion strategies undertaken by most companies to sustain market hold. For instance, Roche’s Accu-Chek Guide blood glucose monitoring system (BGMS) offers a vial to take a blood sample. It also has wireless connectivity to save data on the connected mobile application.