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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