Medical Pendant Market to Witness Widespread Expansion During 2020 to 2023

 

Medical Pendant Market – Overview:

The Global Medical Pendant Systems Market is presumed to garner USD 149.01 million during the forecast period (2017-2023). The market is anticipated to register 7% CAGR owing to the technological advancements, asserts Market Research Future (MRFR). Medical pendant is referred to as a wireless device which is designed to alert the healthcare professionals about the occurrence of any hazard or emergency which require immediate attention. A medical pendant system is usually installed on the ceiling of a hospital with a strong body system which is built of supporting rods and stainless-steel extensions. They are compact with customizable configurations to fulfill the requirements of healthcare centers and hospitals.
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The growing need for low-risk and safe workspace for medical workforce is fueling the global medical pendant market during the assessment period. Technological advancements such as button-press enabled medical pendants which facilitate the system’s arm movement are further fostering the global market. Devices with multifaceted designs and ultra-flexible configurations are commercially available which focuses on fulfilling the requirements of the healthcare specialties. Such devices are expected to gain traction across the globe which is further likely to trigger the market growth in the coming years. Moreover, growing demand for medical pendants in the ICU and operating theatres are likely to spur the market growth.

On the flip side, high cost of medical pendants coupled with the lack of professional technicians are anticipated to impede the market growth in the coming years.

Medical Pendant Market – Competitive Dashboard:

The noteworthy players operating the global medical pendant market are MEDIMAXKOREA, Starkstrom, Tedisel Medical, Megasan Medikal, Surgiris, Brandon Medical Co. Ltd., BeaconMedæs, Skytron LLC, Elektra Hellas S.A., and Ondal Medical Systems GmbH.

Medical Pendant Market: Segmental Analysis:

The global medical pendant market has been segmented on the basis of product, application, and region.By mode of product, the global medical pendant market has been segmented into fixed pendants, fixed retractable pendants, single arm movable pendants, double & multi-arm movable pendants, and accessories. Among these, the fixed pendants hold the largest market share, whereas the single arm moveable pendants account for the fastest growing segment.

By mode of application, the global medical pendant market has been segmented into hospital, clinics and others. The hospital segment is further sub-segmented into intensive care unit (ICU), operating theatre (OT) & recovery room (RR), and emergency room (ER). Among these, the clinics segment is expected to be the fastest growing segment.

Medical Pendant Market – Regional Insights:

Geographically, the global medical pendant market span across major four regions, namely Europe, America, Asia Pacific, and the Middle East & Africa.

The North American region in the Americas is presumed to dominate the global medical pendant market in terms of revenue owing to the presence of world class healthcare infrastructure, advanced facilities, top notch healthcare practices, and strict mandates from the regulating authorities.

The Asia Pacific region is anticipated to account for the fastest growth owing to the rapid growth in the healthcare infrastructure, increased spending, and government initiatives and focus on better healthcare practices owing to the rising medical tourism industry.

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Global Hemodynamic Monitoring Systems Market Racing to a Heightened Growth by 2023

 The hemodynamic monitoring systems market is growing pervasively mainly due to the growing rate of cardiovascular disorders, worldwide. In the year, the hemodynamic monitoring systems market had valued at USD 780 MN which is expected to reach USD 1,054 MN by 2023, registering 7.3% CAGR during the forecast period (2017-2023).

Over the last couple of decades, incidence of diseases and disorders related to the heart and blood pressure have increased drastically. Sadly, the figure is growing every year. Although a number of precautionary measures and innovative therapies are taken care of, the prevalence of these diseases is rising continuously, becoming a major concern. Such factors are commutatively contributing to the growth of the hemodynamic monitoring systems market, globally.

Increasing technological advancements in the field of heart care drive the market growth. The global hemodynamic monitoring systems market size is heading with the pervasively rising number of patients suffering from arterial diseases led by the sedentary lifestyle.

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On the flip side, factors such as stringent government regulations and unfavorable reimbursement policies in some countries are acting as a headwind that is obstructing the market growth. Besides, the lack of skilled healthcare professionals is expected to the hamper the market growth. 

Hemodynamic Monitoring Systems Market – Segmentations

The global hemodynamic monitoring systems market has been segmented on the basis of product, type, end-use, and region.

By product, the market is segmented into disposables, monitors, minimally invasive, and others. Among these, the segment – monitors accounts for the largest segment.

By type, the market is segmented into invasive, non-invasive, and others. Out of these, the Invasive accounts for the major segment.

By end-user, the market is segmented into hospitals, clinics, ambulatory care centers, home care settings, and others.  The segment hospitals and clinics is the largest segment.

By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Out of these, the Americas region dominates the market, whereas the Asia Pacific region accounts for the fastest growing region.

Hemodynamic Monitoring Systems Market – Geographical Analysis

North America accounts for the leading share in the market for the hemodynamic monitoring systems. Factors positively impacting the market growth in the region include the high per capita health care expenditures and rapid uptake of advanced technologies in the growing healthcare sector.

Moreover, the rising geriatric population along with the increasing prevalence of high/low BP, cardiovascular diseases, hypertension, and obesity issues that are leading to heart diseases & disorders are fuelling the market growth in the region.

Furthermore, the presence of well-established market players along with the growing number of patients suffering from major/minor heart issues is positively impacting the growth in the regional market.

The Europe hemodynamic monitoring systems market accounts for the second-largest market, globally.  Attributing to the increasing healthcare expenditure, availability of advanced treatment facilities, and government initiatives, the market is estimated to register a remarkable CAGR during the forecast period (2017-2023). Increasing cardiovascular issues in the region are becoming paramount concerns which, in turn, are contributing to the market growth.

The hemodynamic monitoring systems market in the Asia Pacific region is rapidly emerging as a promising market. Growing number of aging populaces alongside the prevalence of cardiac disorders growing at an alarming rate are driving the market in the region. Also, some of the other dominant factors such as the faster adoption of healthcare technology, government initiatives to improve the quality of healthcare, favorable insurance, and reimbursement policies are fostering the growth of the APAC market.

Hemodynamic Monitoring Systems Market – Key Players

Some of the market leaders profiled in the report are Argon Medica, Teleflex Incorporated, Osypka Medical, Edwards Lifesciences Corporation; PULSION Medical Systems SE, LiDCO Group plc, Cheetah Medical, Deltex Medical Group Plc., ICU Medical, Osypka Medical GmbH, CareTaker Medical, CNSystems, NI Medical, and Uscom.

Innovation, mergers & acquisitions, product launch, and regional expansion remain the key strategies for these players to maintain their market positions.

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Global Vascular Patches Market Expected to Grow with a healthy CAGR

 The Global Vascular Patches Market is estimated to grow double fold by the end of 2023. The market is mainly driven by the burgeoning healthcare sector. In 2017, the market had valued at USD 4.1 Bn which is expected to reach USD 6.1 Bn by 2023, registering 4.1% CAGR during the forecast period (2018-2023).

Deskbound lifestyle, anxiety, stress and high consumption of junk food are the key causes of cardiovascular diseases. Sedentary lifestyle mirrors the demand for vascular surgeries and hence, patches. Moreover, the increasing number of cases of cardiovascular diseases are supporting the vascular patches market to grow rapidly.

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Increasing awareness about the availability of cardiovascular surgical procedures and the emergence of robotically assisted surgeries such as coronary artery bypass, valvuloplasty, and valvular replacement are escalating the vascular patches market to greater heights.

Furthermore, the demand for optimization of efficacy and safety monitoring along with the technological advancements, are fostering the market growth, recovering patients earlier than the estimated time which is further saving the cost of the hospital stay.

Global Vascular Patches Market – Segments

The global vascular patches market has been segmented on the basis of material, application, end-user, and regions. By material, the market is segmented into biologic vascular patches and synthetic vascular patches. 

Among these, the segment biologic vascular patches account for the major segment, whereas, the synthetic vascular patches segment accounts for the fastest growing segment.

By application, the market is segmented into carotid endarterectomy and open repair of abdominal aortic aneurysms vascular bypass surgery

Out of these, the segment carotid endarterectomy accounts for the largest segment, whereas, the open repair of abdominal aortic aneurysms vascular bypass surgery is the fastest growing segment.

By end-user the market is segmented into hospitals & clinics and ambulatory surgical centers, and others.  The segment hospitals & clinics is the largest segment, whereas the ambulatory surgical centers is deemed to be the fastest growing segment.

Global Vascular Patches Market – Regional Analysis

By region, the market is segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Out of these, the Americas region dominates the market, whereas the Asia Pacific region accounts for the fastest growing region.

Globally North America accounted for the largest share in the Americas vascular patches market. It is expected to grow with a substantial CAGR during the forecast period. Rising prevalence of cardiovascular diseases in the U.S. and Canada along with the high per capita healthcare spending and the growing population are expected to spur the growth of this vertical in the region. Moreover, the rapid uptake of advanced technologies and devices in the surgical process is also an essential driver of the market. The presence of the major manufacturers is fueling the market in the region.

The European region accounts for the second-largest market for vascular patches owing to the factors such as the high per capita healthcare expenses and raising awareness towards advancements in vascular procedures and patches, positively impact the market growth in the region.  Also, the resurging economy is playing a vital role in increasing the market value in the region.

Whereas, the Asia Pacific region is emerging as the fastest growing market for vascular patches. Factors such as the growing healthcare sector in highly populated countries such as India and China substantiate the market growth in the region.  Furthermore, factors like the increasing geriatric populace, rising cases of patients suffering from chronic coronary diseases, growing awareness about healthcare, influence the market growth positively.

Global Vascular Patches Market – Key Players

Some of the market leaders profiled in the report are C.R. Bard, Inc. (U.S.), Terumo Corporation (Japan), B. Braun Melsungen AG (Germany), Maquet (Germany), LeMaitre Vascular, Inc. (U.S.), W. L. Gore & Associates, Inc. (US), CryoLife, Inc. (U.S.), Admedus (Australia), Labcor Laboratórios Ltda (Brazil), Edwards Lifesciences Corporation (U.S.), and Baxter International Inc. (U.S.).

Innovation, mergers & acquisitions, product launch, and regional expansion remain the key trends for these players to maintain their market positions.

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Global Genotyping Market to Significant Growth Foreseen by 2023

 Market Highlights

Genotyping is a procedure commonly used in healthcare and life sciences research activities. Genotyping is a genetic mapping of an organism which includes DNA sequencing and analysis of sequenced DNA. The surge in cases of genetic disorders, increasing demand for personalized medicines, and technological advancement are the factors that are propelling the growth of the market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in January 2018, Illumina, Inc. launched iSeq 100 Sequencing System in the market, the product contains sequencing by synthesis (SBS) along with the complementary metal-oxide-semiconductor (CMOS) detection technology which is easy to use and compact product.  

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The unfavorable reimbursement policies, the dearth of technicians, and continues change in technology are likely to hinder market growth during the forecast period.

Regional Analysis

The market in the Americas is expected to dominate the global genotyping market size during the forecast period owing to the rising demand for personalized medicines, growing research and development sector, increasing cases of genetic disorders, and well-established healthcare sector in the region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, rising investment into research and development by pharmaceutical companies, and increasing government initiatives for development of healthcare sector. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to the increasing disposable income, supportive government policies, and rising investment by market players in the region. The market in the Middle East & Africa is likely to account for the smallest share of the global genotyping market.

Segmentation

The Global Genotyping Market has been segmented on the basis of technology, product, application, and end-user.

The technology segment has been segregated into sequencing, capillary electrophoresis, PCR, microarray, and mass spectrometry. The sequencing segment has been further divided into next-generation sequencing, pyrosequencing, and Sanger sequencing. The Capillary electrophoresis segment has been further divided into amplified fragment length polymorphism (AFLP),single-strand conformation polymorphism (SSCP), and restriction fragment length polymorphism (RFLP). The microarray segment has been classified as DNA microarrays, antibody microarrays, MMChips, and peptide microarrays.

On the basis of product, the market has been divided into reagents and kits, instruments, and services.

 The market, by application, has been classified into diagnostics, drug discovery and development, agriculture, academic research, and personalized medicine.

The end-user segment has been classified into hospitals, diagnostic centers, academic institutes, and research and development centers.

Key Players

Some of the key players in the global genotyping market are F. Hoffmann-La Roche Ltd, QIAGEN, Thermo Fisher Scientific, Inc., Illumina, Inc, Fluidigm Corporation, General Electric Company, Affymetrix, Inc., Agilent Technologies, Inc., Sequenom, and Beckman Coulter, Inc.

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Global Ultrasound Probe Disinfection Market is Expected to Experience Immense Growth During 2020 – 2023

 Market Highlights 

The Ultrasound Probe Disinfection Market is expected to witness tremendous growth owing to the rising demand for disinfectant probes in hospitals, increasing cases of bacterial infection in healthcare center during the treatment, and increasing implementation of high-level disinfection process for critical ultrasound probes. The global ultrasound probe disinfection market was estimated USD 314.1 million in 2018 and expected to reach USD 819.1 million by 2023 at a healthy CAGR of 21.1% by 2023.

However, factors such as high cost of switching, maintenance cost for the ultrasonic instrument may hinder the market growth during the forecast period. 

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Segmentation

The Global Ultrasound Probe Disinfection Systems Market is segmented on the basis of product, probe type, by process and end-user. The ultrasound probe disinfection market, by product, is segmented into instrument, service, and consumables. The instrument is segmented into automated probe reprocessors, UV-C disinfectors, manual reprocessors/soaking stations, and ultrasound transducer storage cabinets. The consumables are sub-segmented into formulation, type of disinfectants, and detergents. The disinfectants, by formulation, is segmented into disinfectant wipes, disinfectant liquids, and disinfectant sprays. By type, consumables are segmented into high-level disinfectants, and intermediate/low-level disinfectants and detergents are segmented into enzymatic detergents and non-enzymatic detergents.

By probe type the market is segmented into linear transducers, convex transducers, phased array transducers, endocavitary transducers, transesophageal echocardiography transducers| (TEE), and other. On the basis of process, the market is segmented into high-level disinfection and intermediate/low-level disinfection. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, ambulatory care centers, academic & research institutes, and others. 

Regional Analysis

The Americas leads in the market owing to the increasing prevalence of rising incidence of bacterial infection, increasing research & development in ultrasound probe disinfection and growing healthcare expenditure. According to the Consumer Report Organization and Centers for Disease Control and Prevention (CDC)  July 2015 publication, it is estimated that every year approximately 648,000 patients in the US got infected by bacteria during a hospital stay, and around 75,000 died. The increasing incidences of bacterial infection may support this market positively.

Europe is the second largest ultrasound probe disinfection market during the forecast period due to increasing prevalence of human papillomavirus (HPV). The human papillomavirus is a skin to skin transmitted disease. According to the Oxford Vaccine group fact sheet, HPV infection causes cervical cancers. It was also reported that 99% of cervical cancers are caused by the Human Papillomavirus (HPV) infection. Furthermore, it was also maintained that 3,126 new cases of cervical cancer were reported in the UK in 2015. The increasing prevalence of HPV infection supports the market growth in this region.

Asia-Pacific was estimated to be the fastest growing region for the global ultrasound probe disinfection market in 2017. The market is expected to witness high growth owing to the rising prevalence of bacterial infections. The Middle East and Africa holds the low share for this market. However, the rising healthcare awareness at the hospital and in the community are expected to influence the market positively.

Key Players

Some of the key players in the global ultrasound probe disinfection market are STERIS (UK), Nanosonics (Australia), Tristel (UK), Ecolab (US), Schülke & Mayr (Germany), Advanced Sterilization Products (US), CIVCO Medical Solutions (US), Germitec (France), Parker Laboratories (US), CS Medical (US), Virox Technologies (Canada), and Metrex Research (US).

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Liquid Handling System Market to Witness an Outstanding Growth by 2023

 Market Highlights

The global liquid handling system market is anticipated to hold a market value of USD 2.95 billion in the year 2017 and is expected to grow at a CAGR of 8.7% during the forecast period. Liquid handling system is generally used in the pharmaceutical, life science, or biochemical laboratories. The liquid handling system can perform simple, monotonous routine tasks as well as complex pipetting task efficiently.

 The growing investments in drug development, increasing demand for high-output screening, rising expenditure on research & development (R&D), and increasing adoption of automation in clinical settings are anticipated to propel the market growth during the assessment period. According to the data by The World Bank, the research and development expenditure (as % of Gross Domestic Product) was 1.70% in the United Kingdom in 2015. On the other hand, the high cost associated with the liquid handling systems and complex operability of the latest liquid handling systems may hamper the growth of the market over the forecast period.

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Currently, a large number of companies are engaged in developing liquid handling equpment market. For instance, Microlab VANTAGE, Microlab STAR, and Microlab NIMBUS are some liquid handling systems developed by Hamilton Company.

Regional Analysis

Geographically, the Americas is expected to dominate the global market owing to the presence of well-established healthcare sector, the high adoption rate of advanced technologies, and rising healthcare expenditures. Europe is anticipated to be the second largest market in the global liquid handling system market owing to the increasing R&D activities and continuously growing biopharmaceutical sector. Asia-Pacific region is anticipated to be the fastest growing region due to the improving scenario of life sciences-related research, increasing development in the healthcare sector, and rising government investments in the biotechnology and pharmaceutical sector. Furthermore, the Middle East & Africa has the lowest share of the global liquid handling system market.

Segmentation

The global liquid handling system market has been segmented into type, product, application, and end user.

The global liquid handling system market, on the basis of type, has been segmented into manual, automated, and electronic liquid handling system. The electronic liquid handling system segment held the largest market share in 2017 due to the high accuracy and reproducibility offered by the electronic liquid handling system.

The global liquid handling system market, on the basis of product, has been segmented into pipettes, consumables, microplate reagent dispensers, liquid handling workstations, burettes, software, and others. The pipette segment has been segmented into manual pipettes, electronic pipettes, and semi-automated pipettes. The consumables segment has been segmented into disposable tips, tubes and plates, reagent containers, and others.

The global market, on the basis of application, has been segmented into drug discovery, genomics, clinical diagnostics, proteomics, and others. The drug discovery segment has been segmented into ADME screening, high-throughput screening (HTS), compound weighing and dissolution, and others. The genomics segment has been segmented into genotyping, next-generation sequencing (NGS), polymerase chain reaction (PCR), DNA/RNA purification, and others. The clinical diagnostics segment has been segmented into sample preparation, ELISA, and others.

The global market, by end user, has been segmented into pharmaceutical & biotechnology companies, contract research organization (CRO), and others.

Key Players

Some of the prominent players in the global liquid handling system market are Agilent Technologies, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Tecan Group Ltd., Bio-Rad Laboratories, Sartorius AG, Mettler-Toledo International Inc., PerkinElmer, Inc., Corning Incorporated, and Hamilton Company.

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Electrical Hospital Beds Market is expected to rise at a remarkable CAGR By 2023

 Overview:

The global electrical hospital beds market analysis by MRFR prdeicts the market expected to touch a valuation of USD 2,595.4 million by 2023. The increasing medical tourism in developing economies has become a lucrative opportunity for major hospital chains. Electrical hospital beds are a necessity in hospitals which can assist patients with serious ailments in getting out of bed as well as provide a comfortable experience.

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Rise of chronic diseases, the expanding geriatric populace, increasing rates of obesity, and inflated healthcare expenditure of nations are factors which can positively impact the market growth. Improved designs by bed manufacturers which focus on comfort is likely to provide the electrical hospital beds market demand the thrust in the right direction. The high costs of these beds can act as a growth deterrent. But demand for smart hospital beds coupled with technological advances in the healthcare sector can facilitate global market growth.

Segmentation:

The electrical hospital beds market can be segmented by type, treatment, application, and end-user.

By type, the market is segmented into semi-automatic and fully automatic. The fully automatic segment accounted for 55% share in 2017, while the semi-automatic segment accounted for 45% share in the same year. The fully automatic segment is projected to experience a 8.83% CAGR over the forecast period owing to its extensive features such as controlling the lower part of the bed.

By treatment, the market covers acute care, critical care, and long term care. The critical care segment is expected to enjoy an 8.03% CAGR over the forecast period. It had dominated the market in 2017 owing to the sharp rise of electrical beds in intensive care units.

Major market applications include general purpose, intensive care, delivery/birthing, bariatric, pediatric, pressure relief, and psychiatric care. The general purpose segment accounted for the highest market share in 2017, followed by the intensive care segment. It is predicted to reign in the electrical hospital beds market over the assessment period owing to its high usage in sports academies, old age homes, rehabilitation centers, and others.

End-users in the electrical hospital beds market include hospitals and clinics, reproductive care centers, home care, and dentistry. Among these, the hospitals and clinics segment accounted for 40% market share in 2017, followed by reproductive care, dentistry, and home care segments. It is predicted to experience a 7.25% CAGR over the forecast period.

Regional Analysis:

The electrical hospital beds market covers the latest trends and opportunities across Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The European region accounted for 34% market share in 2017, followed by Americas (31%), APAC (25%), and MEA (10%). It can enjoy a 7.46% CAGR over the forecast period owing to its sophisticated healthcare infrastructure and emphasis on patient health by prominent nations. Countries such as the U.K., France, and Germany can drive the regional market size to USD 906.4 million by 2023.

The Americas region can enjoy a substantial growth rate over the forecast period owing to strong economies of Canada and the U.S. Introduction of beds with ergonomic designs and cost-effective prices are likely to induce massive demand from patients emphasizing on home care.

The APAC electrical hospital beds market is projected to grow at a rapid clip thanks to improvements in the healthcare sector, increasing medical tourism, and a dearth of opportunities owing to the large patient pool. It is expected to enjoy a 8.47% CAGR over the forecast period.

Competitive Dashboard:

Prominent players operating in the electrical hospital beds market include Paramount Bed Holding Co., Ltd. (Japan), Famed Zywiec Sp.zo.o. (Poland), Amico Group of Companies (Canada), Invacare Corporation (U.S.), Medline Industries, Inc. (U.S.), Merivaara Corporation (Finland), Span America Medical System, Inc. (U.S.), Linet spol.s.r.o. (Czech Republic), Gendron, Inc. (U.S.), ArjoHuntleigh (Sweden), Malvestio Spa (Italy), Stryker Corporation (U.S.), Midmark Corporation (U.S.), Hill Room Holding (U.S.), and Getinge AB (Sweden).

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