Archive for Medical Devices

Transcatheter Embolization and Occlusion Devices Market Analysis by Type of Product (Embolization Particles, Embolization Coils, Flow Diverting Devices, Liquid Embolics, PV Embolization Coil, Coiling-Assist Devices, PV Plugs, And Accessories); by indication (Interventional Neuro-Radiology And Peripheral Vascular (PV) Tumors) and Segment Forecasts to 2022

The global demand of transcatheter embolization and occlusion devices is anticipated to boost during the forecast period. Rising geriatric population base, increasing incidences of cancer, intracranial aneurysm and cardiovascular diseases and elevated preference of patients towards non-surgical procedures are high impact rendering drivers of the market. Innovation and new product development to assist non-surgical procedures along with growing support from government for increasing awareness level further drive the transcatheter embolization and occlusion devices market. Favorable government support for funding and reimbursement, such as in liver cancer patients by the UK government, further boosts the market growth.

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Transcatheter embolization and occlusion devices market is segmented into interventional neuro-radiology and peripheral vascular (PV) tumors according to indication. The PV tumors segment held the largest share in 2014 owing to rising occurrences of the disease. In terms of product segmentation, PV embolization coil held the largest share of the transcatheter embolization and occlusion devices market. However, the introduction of liquid embolics and flow diverting devices are expected to affect the share during the next seven years. Flow diverting devices are tested to be more effective in treatment of wide neck aneurysms over embolization coils.

North America market held the largest share in this market in 2014 due to technological advancement and rising healthcare spending. Europe follows America in terms of revenue for the transcatheter embolization and occlusion devices market. Growth in both the regions is due to rising population of geriatrics and patients showing promising therapeutic actions in clinical trials. Another chief driver is the continuous evolution in designs of the systems and product to meet the needs of the patient. Germany held the highest share in the European market owing to presence of many manufacturing units within the region. European transcatheter embolization and occlusion devices market is expected to boost during the forecast period due to high quality, environment friendly product manufacturing processes indicated by CE markings. APAC region is anticipated to be the fastest growing region particularly, China, India and South Korea. The inducers of this growth are increasing chronically ill patient population with cardiovascular and liver diseases and improved product portfolio.

Key market players of the transcatheter embolization and occlusion devices market include Covidien, Direct Flow Medical Inc. Boston Scientific Corporation, Cordis Corporation, Abbott Laboratories Inc., St. Jude Medical, Cook Medical, Pfizer, Lombard Medical, Mallinckrodt LLC, MicroPort Medical, Eisai Co. Ltd., JenaValve, , CeloNova BioSciences, Medtronic Inc., Jotec gmbh, Edward LifeSciences, Sirtex medical, Terumo Corporation Inc., Merit Medical Systems, DePuy Synthes, Transcatheter Technologies, Marine Polymer Technologies Inc., Nrodion, Symetis and eV3 Inc. Newer products are expected to be launched during the forecast period which have attained FDA approval such as  Aorfix Flexible Stent Grafting System. These technologically advanced devices and systems are anticipated to further fuel the growth of the transcatheter embolization and occlusion devices market.

Transcatheter Embolization and Occlusion Devices Market

Information Source: Grand View Research

Therapeutic Respiratory Devices Market By Product (Nebulizers, Humidifiers, Oxygen Concentrators, Positive Airway Pressure Devices, Ventilators, Capnographs, Gas Analyzers) Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 to 2022

The global therapeutic respiratory devices market is expected to witness lucrative growth over the forecast period as a consequence of rising incidences of respiratory diseases such as tuberculosis, asthma and other respiratory allergies. Global rising inclination towards home healthcare institutions is high impact rendering driver of this market. Introduction of novel features such as dose tracking and breath actuation are further expected to provide a growth platform to the therapeutic respiratory devices market.

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The market is segregated on the basis of product into nebulizers, ventilators, oxygen concentrators, capnographs, positive airway pressure devices, humidifiers, and gas analyzers. Nebulizers are segmented into compressor based, ultrasonic and piston based hand held nebulizer. Humidifiers are segregated into heated, stand-alone, integrated, passover and built-in. Oxygen concentrators are divided into fixed oxygen concentrators and portable concentrators. Positive airway pressure devices are categorized into continuous, bi-level and auto-titrating devices. As of 2014, positive airway pressure devices dominated the therapeutics respiratory devices market due to rapid technological innovations. Nebulizers are anticipated to be the fastest growing segment of the market as a consequence of overcoming limitations associated with traditional alternatives.

As of 2014, North America held substantial share as a consequence of growth factors including rising prevalence of respiratory disorders. Increasing geriatric patient base, lifestyle associated changes and high disposable income are also key growth factors for this region. Asia Pacific region is anticipated to be the fastest growing owing to rising disposable income and increasing patient awareness.

Major players of therapeutics respiratory devices market include CareFusion Corporation, Airsep Corporation, Compumedics Ltd., Covidien PLC, Fisher & Paykel, Merck & Co. and Respironics, Inc, GE Healthcare, Smiths Medicals, Philips Healthcare, Invacare and Boehringer Ingelheim. These players focus on developing recent technologies in order to expand their market share. These players also employ extensive marketing and sales strategies, targeting regions, and mergers & acquisitions in order to expand their market share. For instance, in 2015, Compumedics entered into distribution contract with Bestmed in order to enhance its position as sleep diagnostic products distributor in the market. Also, in 2015, GE Healthcare and Sanford Health announced service agreement in order to expand the healthcare capabilities thereby capitalizing their market share. Presence of high competition, high R&D investments and rising patent approvals by these companies is expected to expand their market share over the forecast period.

Therapeutic Respiratory Devices Market

Information Source: Grand View Research

 

Laparotomy Sponge Market Analysis by Type (Sterile and Non Sterile) Medical Procedures (Non Washed and Pre Washed) Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 To 2022

Global laparotomy sponge market is expected to witness remarkable growth over the coming seven years due to increasing technological advancements in this sector. In addition, growing prevalence of abdominal diseases such as colon cancer is further anticipated to propel the market growth for laparotomy sponges in near future. According to a data published by the ACS (American Cancer Society), around 96,830 patients are diagnosed with colon cancer every year which is expected to drive the market demand for laparotomy devices. Furthermore, rising geriatric population base is also anticipated to accentuate the market growth owing to the fact that old aged people are more prone to abdominal diseases that requires laparotomy.

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The global laparotomy sponge market is categorized on the basis of types and medical procedures. By types, the market is bifurcated into sterile laparotomy sponge and non sterile laparotomy sponge. Sterile laparotomy sponge market is anticipated to register fastest market growth over the forecast period due to enhanced safety from infective agents. By medical procedures, the market for pre washed laparotomy sponge is expected to gain higher market share owing to growing utilization in extensive laparotomy surgeries. Regionally, as of 2014, North America held the largest growth share due to growing prevalence of colon cancer and usage of technically advanced laparotomy techniques. Similarly, European region is anticipated to register substantial market growth owing to increasing geriatric population base with abdominal diseases. Increasing healthcare investments and personal disposable income are the factors responsible for providing fastest growth to Asia pacific region. Also, Latin American countries are expected to witness rapid growth over the coming seven years owing to rising awareness about advanced laparotomy devices and healthcare infrastructure.

The key companies operational in laparotomy sponge market are Guangda Textile, Derma Sciences Inc., Medline Industries Inc., SurgiCount Medical, Actimed, Medical Action Industries Inc., Smith and Nephew, Premier Enterprises and Kendall Healthcare. The market players are adopting competitive strategic measures such as new product development, collaborations and R&D operations in an attempt to increase their market share. For example, in 2013, SurgiCount Medical introduced a SAFE-T Lapsponge, an innovative product designed to assist the user of Safety Sponge System with an added advantage of safety and ease of use. The Lapsponge is clinically proven to reduce occurrence of miscounted & misplaced sponge and remove retained surgical sponge. The laparotomy sponges market is anticipated to register further market growth as the companies are striving to market their products online and improve their promotional activities.

Laparotomy Sponge Market

Information Source: Grand View Research