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Tuesday, 2 March 2021

Wearable Tracking Devices Market 2020 Market Challenge, Driver, Trends & Forecast To 2023

The global wearable tracking devices market is expected to grow during the forecast period. The wearable tracking devices allow the users to monitor their health and physical activity. These devices can be worn on body 24*7, and the device continuously records your vitals accurately like heart rate, quality of sleep, step count and others. The growing trend of wearable fitness tracking device among the young generation is the key factor for the market to grow. Furthermore, the increasing prevalence of cardiovascular diseases, rising obesity rates, the rise of fitness consciousness among the old population, increasing demand for sophisticated technology devices, and modernization of lifestyle fuel the market growth.

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Segmentation

However, factors such as high costs of wearable tracking devices, security issues, and different devices give different results are some of the factors expected to hinder the market growth during the forecast period.

Segmentation

The global wearable tracking devices market is segmented on the basis of types, application, sales channel, and end-user. The global wearable tracking devices market, by type, is segmented into Wristwear, Footwear and other. The wristwear segment includes Fitness Bands and Smartwatch. The Application segment is segmented into Healthcare, Consumer electronics, and others. Sales Channel segment consists of online and offline. On the basis of end-user, the market is categorized into Sportsperson, Patients, and Others. On the basis of region, the Global wearable tracking devices Market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

Key players

Some of the key players for the Global wearable tracking devices Market are Adidas (Germany), Gramin Ltd (Switzerland), Apple Inc (US), Pebble Technology Corp (US), Samsung Electronics Co Ltd (South Korea), Sony (Japan), Fitbit, Inc. (US), Google Inc. (US), Xiaomi Technology Co., Ltd. (China), Jawbone (US), Nike (US).

Regional Market Summary

The wearable tracking devices market is dominated by North America owing to rising cardiovascular diseases in this region. According to the CDC in 2015, 366,000 people died due to heart disease.

The presence of major market players such as Apple, Nike, and Jawbone in this region also influences the market growth.

It is estimated that Europe stood second in the global wearable tracking devices market. The rising obesity in this region is driving the growth of the market. In the EU, 51.6 percent of people are overweight. Thus, this enhances the global wearable tracking devices Market in this region.

The Asia Pacific will witness growth for the wearable tracking devices market owing to the trend of wearable fitness tracking device among the young generation. China, India, and Japan are key market players in this region and is expected to be the largest market for the wearable tracking devices. India has 60% of the young population below 35 years. Thus, this provides favorable backgrounds for the market to grow.

The Middle East and Africa holds the least share in the Global wearable tracking devices Market due to the presence of stringent government policies and poor economies.

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Cervical Dystonia Market 2020 Market Challenge, Driver, Trends & Forecast To 2023

Cervical dystonia is a rare disease also known as spasmodic torticollis. It is one of the painful chronic neurological movement disorder causing the neck to turn involuntary to any of the direction. It is a rare disease. The major driving factors for the market for cervical dystonia is increasing aging population across the globe. Females are more likely to be get affected by cervical dystonia. Beside this increasing number of treatment for cervical Dystonia and improvement in infrastructure has provided fuel for the growth of the market. On other hand success rate of the treatment and increasing cost of the treatment is the major cause for restraining the growth of cervical Dystonia market.

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Global cervical dystonia market is expected to grow at a CAGR of 5% during forecasted period 2017-2023.

Segmentation

Global cervical dystonia market has been segmented on the basis of type which includes torticollis, retrocollis, laterocollis and others. On the basis of treatment they are segmented into oral therapy, intravenous, surgery and other. On the basis of end user they are segmented into hospital, clinics and other.

Regional Analysis

On regional basis, global cervical dystonia market is dominated by North America which is followed by Europe. Increasing prevalence of cervical dystonia and increasing aging population is the major factor for growth of this market in this region. Asia Pacific is the fastest growing region for the cervical dystonia market. While due to less development in pharmaceutical and medical sector Middle East and Africa contribute least in cervical dystonia market.

Key players for global cervical dystonia market

ALLERGAN (Ireland), Solstice Neurosciences LLC, Ipsen Biopharmaceuticals Inc. (France), Merz Inc (US), Addex Therapeutics (Switzerland) Revance Therapeutics Inc. (US) and many other.

The report for global cervical dystonia market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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Throat Cancer Market 2020 - Opportunity, Driving Trends And Deep Study 2023

Cancer is a condition with uncontrolled division of cells spreading unusually in the body. These abnormal cells accumulate at a specific site to form mass of cells called tumors. Throat cancer refers to tumor of the voice box, the vocal cords, and different parts of the throat, for example, the tonsils and the oropharynx. The throat cancer is categorized into two types: pharyngeal cancer and laryngeal cancer.

The throat cancer market is growing at a fast pace and is expected to growth in the near future. The major factors that driving the growth of this market are the increasing geriatric population, increasing rate of cancer survival, changing lifestyle, high number of tobacco consumers, and increasing smoking population. The treatment procedure for the throat cancer is becoming more effective with increasing success rates. The increasing demand for these treatments will grow resulting in the growth of the global throat cancer market.

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There are emerging new drugs, therapies for the treatment and occurrence of throat cancer, the ever increasing demand and popularity of these treatments will grow eventually. Globally around 157,000 new cases of laryngeal cancer were diagnosed in 2012. According to National Cancer Institute (NIH), about 1.1% of adult population is estimated to be diagnosed with pharyngeal cancer followed by 0.4% with laryngeal cancers at some point during their lifetime.

With the increasing prevalence of throat cancer, raise in HPV infections, alcohol consumption and rising aging population are the major factors driving the growth of throat cancer market in the forecast period. According to American Cancer Society (ACS), around 13,430 new cases of laryngeal cancer were diagnosed among them 79% were men and 21% were women in 2016. Throat cancer are more common in men than women that are probably because of their smoking habits.

Combination therapy are more preferred for the treatment of throat cancer die to different mechanisms and the combined ability to decrease the resistance of the cancer cells to drugs. Cisplatin and 5-FU are more commonly used chemotherapy drugs to treat the throat cancers but these drugs have numerous side effects such as diarrhoea, kidney damage and heart problems. The global throat cancer market has been examined as a swiftly growing market and expected to grow at a tremendous rate.

Ongoing research to develop the newer chemotherapies such as targeted therapies by using EGFR inhibitors and angiogenesis inhibitors to treat the throat cancer. The recent use of transoral robotic surgeries are gaining traction for the physicians to remove the tumors due to minimal invasion to conduct the surgery in a precise manner with fewer side effects. In the case of the radiation therapy, few doctors are trying to kill the cancer cells by using proton beam therapy because these cause less damage to the tissues they pass through than the X-rays.

However, lack of target specific drugs to treat the throat cancer, side effects of the chemotherapy drugs and lack of diagnosis of the disease are some of the factors that may hamper the growth of throat cancer treatment market in near future.

Global Throat Cancer Market – Regional:

Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.

The North America dominated the global throat cancer market with the U.S. holding the largest market share. The factors that drive the throat cancer market are the rising aging population, growing demand for advanced cancer therapies, increasing government funding in the healthcare sector, and growth of cancer care facilities in emerging countries

In Europe, due to increase in the incidence of throat cancer because of increase in smoking, tobacco and alcohol consumption in these regions. Cancer of the larynx is uncommon in the UK with around 2,000 cases developing each year. It is four times more common in men than in women. It is rare in people aged under 40 years and is most common in people aged over 60 years.

Asia Pacific region is expected to grow rapidly with developing countries such as China and India leading this market due to the fast growing healthcare sector and large unmet needs over the forecast period.

The Middle East & African market especially, the African region is expected to witness a poor growth owing to the lack of knowledge in medical sector, and less development in medical facilities in Middle East & Africa will have limited growth in the market.

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Capnography Market In Depth Study And Analysis Published, 2023

The global capnography market is expected to grow during the forecast period from 2018 to 2027 at a CAGR of ~19.5%. Capnography is the process used to measure and determine the concentration of Carbon Dioxide (CO2) in respiratory gases by using the capnograph device. It helps to measure the actual concentration of carbon dioxide in the bloodstream. The capnograph is used to monitor the inhaled and exhaled concentration of CO2. The growing pediatric population, increasing number of patients suffering from cardiac diseases, and increasing aging population are expected to drive the growth of the market. The global capnography market is estimated to grow during the forecast period due to factors such as innovation, technological advancements, and advancement of the capnography device. A strong recommendation about capnography was made by healthcare bodies such as the American Society of Anesthesiologists, European Resuscitation Council, and others to include capnography devices in healthcare facilities compulsorily. This fuels the growth of the global capnography market.

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Segmentation

The global capnography market is segmented on the basis of type, devices, application, and end-user. The global capnography market on the basis of type is segmented into capnograph and disposable. Capnograph is further subdivided into three segments, namely, mainstream capnography, sidestream capnography, and micro stream capnography. Mainstream capnography is further subdivided sand alone monitor, handheld monitor, and multi-parameter monitor. Based on device, the global capnography market is segmented into handheld monitors, stand-alone monitors, and others. Based on application the global capnography market is segmented into procedural sedation, critical care, emergency medicine, pain management, and general floor. Based on end-user the global capnography market is segmented into hospitals, clinics, and ambulatory surgical centers.

Key players

Smiths Medical Inc, Nonin medical Inc, Dreagerwerk AG & CO. KGaA, Welch Allyn, Medtronic, Masimo, Nihon Kohden Corporation, Care fusion cooperation, Covidien Ltd, Diamedica Limited, Edan Instruments, Inc., Hill Rom Holding Inc, Koninklijke Philips N.V., and BD

Regional Market Summary

Based on region, the global capnography research market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

The American market is likely to dominate the global capnography market owing to the rising prevalence of chronic diseases in the aging population and the growing occurrence of asthma in pediatrics. North America dominates the global capnography market due to the development of advanced products in this region. Latin America is showing significant growth in the capnography market due to increasing use of capnography devices in healthcare facilities as recommended by government bodies. The World Health Organization has published a report on Safe Surgery that recommended the use of capnography monitoring devices during the endotracheal tube placement surgery. The American Society of Anesthesiologists also recommended the use of capnography during procedural sedation and anesthesia. The rising problems of respiratory diseases because of an unhealthy lifestyle and high-stress level impact have led to significant growth in this market.

The European market is the second largest in the global capnography market. The market growth in this region is due to government funding and support from the healthcare sector. However, growing number of surgeries and changing lifestyle have contributed to the growth of the market in this region.

Asia-Pacific is anticipated to be the fastest growing market owing to the increasing aging population and rising prevalence of diseases. The capnography market in Asia-Pacific is anticipated to grow during the forecast period due to rising healthcare expenditure and increasing awareness about the capnography technique.

Countries such as India and China are more focused on the global capnography market because of the growing purchasing power and the increasing population as compared to other developing countries.

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Medical Holography Market 2020–By Identifying The Key Market Segments And Key Players Holding Market Share

A holography is a method of producing a three-dimensional image of an object using an interference pattern. The existing 3D technologies such as 3D-CT, 3D rotational angiography, 3D-ultrasound revolutionized medicine because they allowed doctors to see an individual patient's anatomy without cutting into the body. The exceptional penetration rate of holography products is attributable to the natural benefits of this technology over conservative alternatives, which influence companies to work further toward developing these products for subsequent commercialization.

The global medical holography market is majorly driven by factors such as rapid adoption of holography technology by medical fraternity for applications such as medical education, dentistry, orthopedics, increasing applications of holography in diagnostic imaging to visualize complex 3D structures in human body and biomedical research recent technological advancements in holography products are expected to significantly contribute to the growth of the market throughout the forecast period.

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Technological advances in hologram recording techniques in the recent years and the availability of tools for interpretation of holographic interferograms should boost its usage in the field of urology, pathology, ophthalmology, and orthopedics. Moreover, endoscopic holography should emerge as a powerful tool for non-contact high resolution and non-invasive measurements inside the human organs.

The market for Medical holography will grow very rapidly at a rate of 32% CAGR during the forecasted period 2017-2023. The market is expected to reach USD 3.5 billion during the forecasted period.

Industry updates:

Nov, 2016 Holoxica Limited introduced a holographic 3D digital human anatomy atlas prototype for neuroscience. This product impacted medical science giving neurosurgeons and clinicians insights into identifying, diagnosing and treating a wide range of neurological conditions.

Dec, 2015 Japan scientists developed touchable holograms, which are to be adopted in wide range of applications in the future, to enable improved demonstration of biological processes and procedures.

Nov, 2015 Zebra Imaging acquired Rattan, a software-consulting firm. This acquisition was carried out to accelerate the integration of advanced 3D light-field technology in their array of holographic display products.

Dec, 2014 Bristol University developed a touchable holographic display through the generation of air disturbances using ultrasound to create 3D haptic shapes.

Oct, 2014 Zebra Imaging entered into a partnership with Zygote Media Group to develop advanced 3D biomedical models to visualize human anatomy.

Oct, 2013 RealView Imaging Ltd. and Royal Philips completed an assessment of live 3D holographic imaging, which facilitates 3D interaction and facilitates minimally-invasive structural heart disease procedures.

Sept, 2012 Zebra Imaging, Inc.’s digital print technologies have proven useful in medical, military, retail, and other commercial disciplines. This acquisition will add new products to HoloTech AG’s product portfolio, which will also help the company to expand its presence in holographic digital print operations.

Global Medical holography Market – Regional:

Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.

America accounts the larger market for the hologram machines. As the early adoption of new technologies and more R&D is being carried out in this region. North America is the largest market for the hologram machines which is led by the United States. The adoption of new technology is more in this region as the research and development is also more and developing day by day.

Europe is the second largest market as it also has the advanced technologies and its own R&D. The region is also having its own set of regulations for the medical regulations. The expenditures are also more by the government bodies for the healthcare and adoption for the new and sophisticated technologies.

The Asia-Pacific region is witnessing fast growth in this region because of the rising factors such as healthcare spending, improving healthcare infrastructure in developing economies such as China, India, and South Korea, and growing awareness regarding the usage of holography products in medical applications.

The Middle East and Africa region is growing slowly due to factors like large number of unskilled labours, illiteracy is more, and economic development is slow.

Real View Imaging (Israel), Echo Pixel (CA), Integraf (USA), Royal Philips (Netherland), Zebra imaging, Eon Reality (US), Nano live SA (Switzerland), Holoxcia (Engalnd), Lyncee Tec (Switzerland), Mach 7 Technologies, General Electric Company, DPL Industri A/S Denmark, Olomagic, Arnold Herzig GmbH and others are some of the prominent players at the forefront of competition in the global medical holography treatment market and are profiled in MRFR Analysis.

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Surgical Instrument Tracking System Market Pipeline Review, 2020- Identify Key Business Opportunities

Global Surgical Instrument Tracking System Market was valued at USD 186.85 Million in 2019 and is expected to register a CAGR of 15.07% during the forecast period of 2020 to 2027.

Surgical instrument tracking systems are systems that can combine scanning technology and application software. They help healthcare professionals to access time-saving tools, leading to them performing efficient and time-saving procedures. The surgical tracking systems are very much useful in organizing surgical sets, usage cycle tracking, and documentation of instruments used, understanding the replacement of instruments, and other applications.

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Factors that drive the market growth are the high rate of adoption of the surgical instrument tracking systems by hospitals, the need to meet unique device identification mandates, the convenience provided by surgical instrument tracking system in the management of inventories, and the increasing number of surgical instruments used in various surgeries. However, the high cost of implementing automated tracking systems coupled with a fall in the number of surgeries due to a pandemic is hampering the growth of the market.

Previously, it was only used for instrument count sheet management along with a few basic tasks such as traceability of instruments. The 2D barcodes have helped sterile handling and identification of instruments and help in tracking the history of each instrument’s use. Major healthcare providers are signing long-term agreements with surgical instrument tracking system suppliers for improving the quality of the inventory management systems. For instance, recently, Universal Health Services, Inc., one of the hospital management companies, which have a large network of hospitals in the US, signed a multi-year contract with Censis Technologies, Inc. for its surgical instrument tracking system Censitrac.

Market Dynamics

The surgical instrument tracking systems are used in the healthcare facilities to streamline the workflow, regulate the costs, and reduce waste as well as for effective inventory management. There are several benefits of surgical instrument tracking systems. Key players operating in the surgical instrument tracking system market are engaged in the acquisition of companies with similar products to expand their product portfolio and maintain a global footprint. For instance, in October 2019, Fortive Corporation (US) acquired Censis Technologies, Inc. (US). This acquisition helped Fortive Corporation to add a surgical instrument tracking systems product portfolio.

The growth of the global surgical instrument tracking system market can be attributed to the high rate of adoption of the surgical instrument tracking systems by hospitals, technological advancements in the surgical instrument tracking system market, and the growing number of surgical procedures globally. Technological advancements in the surgical instrument tracking system segment are reducing the time required for the process and increasing the accessibility and efficiency of inventory management in the medical facilities. It is also providing real-time data collection and monitoring of surgical instruments used in the healthcare facility. The market players have been engaged in the development of innovative products and services for catering to the needs of the healthcare providers. For instance, in October 2018, Spa Track launched a new Auto-Scanner RFID Surgical Instrument. It is a hetero-directional, rotating processing system that takes only 12 seconds for screening a complete instrument plate and can be inaccurate monitoring of every single registration number of items. Such technological advancements are expected to encourage the growth of the global surgical instrument tracking system market during the forecast period

Segmentation

Global Surgical Instrument Tracking System Market has been divided based on Components, Technology, and End-Use.

The market, based on components, has been segmented into hardware, software, and services. The hardware segment accounted for a significant market share of 51.6% in 2019. This large share can be attributed to its growing technological advancements, which is driving the adoption of these devices for inventory management. The hardware segment is further divided into readers, tags, and others.

The market, based on technology, has been bifurcated into barcode tracking and radio frequency identification. The Barcode tracking segment dominated the global surgical instrument tracking system market in 2019. Owing to the low cost of installation has resulted in the increased adoption of barcode technology in the surgical instrument tracking systems market. It held a market share of 86.9% in 2019.

On the basis of end use, the global surgical instrument tracking system market has been classified as hospitals and others. The hospitals segment dominated the global surgical instrument tracking system market in 2019. The large share of 83.0% of hospitals is attributable to the need to cut healthcare expenditure and manage existing instruments for tracking solutions.

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Hearing Aids Market To Show Steady Growth, 2025

Market Forecast

Hearing Aids Market is expected to cross USD 10.2 Billion by 2025 at a CAGR of 7%.

Market Synopsis

The technological advancements and launch of new products are expected to fuel the global hearing aids market.

Market Influencer

Technological advancements for the development of products by hearing aids manufacturers which along with improved hearing experience also have sleek appearance promoting the use of hearing aids.

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The growth of global hearing aids market is driven by various factors such as increasing incidence of hearing loss, the launch of new products, increasing geriatric population, and raising awareness about hearing loss treatment. However, the low penetration of hearing aids and product recalls are expected to curb the growth of the global hearing aids market.

The global hearing aids market is currently dominated by several market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions.

Regional Analysis

The market has been divided, by region, into Europe, the Americas, Asia-Pacific, and the Middle East & Africa. Europe is expected to be the largest market owing to the rising incidence of hearing loss and sophisticated healthcare infrastructure. The European hearing aids market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Americas holds the second largest market share. The hearing aids market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The hearing aids market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing awareness regarding the use of hearing aids and increasing population affected by hearing disorders, the market in Asia-Pacific is expected to be the fastest-growing. The hearing aids market in the Middle East & Africa has been divided into the Middle East and Africa and is expected to hold the least market share.

Segmentation

The global hearing aids market has been segmented based on product, product type, type of hearing loss, technology type, and distribution channel.

The market, based on product, has been divided into devices, implants, and accessories, out of which implants is the fastest-growing segment. For instance, the Australia-based manufacturer Cochlear Ltd reported a profit of USD 265 to USD 275 million in first quarter of 2019, 8% to 12% more as compared to that in the first quarter of 2018.

The global hearing aids market has been segmented, on the basis of product type, into wired and wireless. Wireless is the fastest-growing segment owing to technological advancements and product launches. For instance, Sonova, in November 2018 launched products based on SWORD (Sonova Wireless One Radio Digital) chip. The new technology allows hearing instruments to connect with electronic devices such as televisions or mobile phones.

The type of hearing loss segments of the market are sensorineural, conductive, and others. The growth of the segment is due to the high prevalence of hearing loss. For instance, in 2018, around 2 to 3 out of 1000, children in the US are born with a hearing loss in one or both ears.

The technology type segment of the market is segmented as digital hearing aids and analog hearing aids. The digital hearing aids segment is expected to be both, the largest shareholder and the fastest-growing segment owing to its advantages over analog counterparts.

The distribution channel segment is classified into retail stores, E-commerce, and others. The E-commerce segment is expected to be the fastest-growing segment owing to ease of access to products for customers.

Key Players

Some of the key players in the global hearing aids market are Sonova (Switzerland), Cochlear Ltd. (Australia), GN Store Nord A/S (Denmark), Sivantos Pte. Ltd. (Singapore), Arphi Electronics Private Limited (India), Demant A/S (Denmark), Starkey (US), WIDEX INDIA PRIVATE LIMITED (Denmark), Zounds Hearing (US), SeboTek Hearing Systems, LLC (US), Audina Hearing Instruments, Inc. (US), and Microson (Spain).