Vein Illuminator Market Foreseen to Draw a Promising Growth by 2025

 Vein Illuminator Market is expected to register 28.6% CAGR during the forecast period of 2019 to 2025 and held a market value of USD 60.6 Million in 2018.

Vein finder or vein illuminator is a device intended to locate subcutaneous veins using a variety of techniques such as infrared light. Vein illuminators use principles of optical physics such as differential light reflection, refraction, and absorption by tissues to produces a distinct image of the patient’s vein structure. Vein illuminator provides a vivid vein map, which helps increase success rates of invasive treatments, including injections.

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The global vein illuminator market is driven by factors such as growing numbers of the elderly and chronic sick population and increasing healthcare expenditure. Additionally, the increasing usage of vein illuminator in healthcare settings is anticipated to fuel market growth. For instance, according to the Office for National Statistics in 2017, approximately 18% and 2.4% of the total population in the UK was aged over 65 years and 85 years, respectively. On the other hand, the availability of traditional methods is projected to hamper the growth of the market during the assessment period.

Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and mergers to sustain their position in the market.

Market Dynamics:

Drivers

The clinical drivers of vein illuminator market are greater patient satisfaction due to reduced pain, trauma, determining correct vascular position in conditions such as obesity, hairy skin, swollen tissue, hypovolemia etc. The growth of demand factors such as growing numbers of elderly and chronic sick population, blood donation camps, assisted living centers and others are also charging the market.

Technological and product developments such as advances in optics, contrast, resolution, falling cost of devices and others are the prime drivers of the market. Devices incorporating functionality such as adjustable brightness, multiple imaging modes, sleep function, increasing coherence, low deviation as low as 60 to 100 microns and others is the key to be market leaders.

Use of medical cold light and CE approval to render safe for sensitive organs such as eyes are important drivers of the market. Lower energy consumption, strong illumination and battery life are added market value additions. Growing ecommerce and medical devices sales are commercial factors favoring the market. Fall in the cost of medical devices especially the light emitting diodes is another factor driving the rapid adoption due to lower cost of the products.

Restraints

The market constraints of global vein illuminator market are lack of awareness, high cost of devices and others. Nascent stage of technology and mindset of healthcare professionals which view vein illuminator as superfluous luxury are other constraints on the market.

Segments:

To generate a bird’s view, the global vein illuminator market is segmented on the basis of technology, and end users.

Technology - trans-illumination, infrared illumination, ultrasound, and others.

End user - hospitals, blood donation camps, research and academics, others.

Regions - North America, Europe, Asia Pacific Middle East and Africa and rest of the world.

Regional analysis:

North America led by the U.S. accounts for the largest market owing to faster adoption of technology, large buying power, developed healthcare infrastructure, presence of major players and others. Europe led by Germany, U.K. and France is expected to generate the second largest growth.

However the market is expected to shift in favor of Asia Pacific region led by China, Japan and India. China has emerged as a low cost manufacturing base for electronic devices coupled with the development of global supply chains is boosting the market.

The Middle East and Africa market is estimated to be skewed in favor of the Gulf nations such as Saudi Arabia, UAE and others. Africa is expected to generate moderate growth owing to poor economic and political conditions.

Dominant players:

Major players of global vein illuminator industry are Infrared Imaging Systems Inc., VueTek Scientific LLC, Venoscope LLC, Christie Medical Holdings Inc., Near Infrared Imaging Inc., Sharn Anesthesia, TransLite LLC, AccuVein Inc., Aimvein Ltd. and others.

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Artificial Eye Market is Growing Massively till 2027

 Market Research Future with their unique quality of simplifying the market research study, announces a deep study report on “Artificial Eye Market Research Report- Forecast To 2023” Gives industry size, top players and worldwide demand

Study objectives global artificial eye market

To provide the detailed information about drivers and factors restraining the market growth.

To provide the market growth map over the forecasted period 2017-2023

To provide detailed analysis of the market structure along with forecast for the next seven years of various segments and sub-segments of the global artificial eye

To provide the graphs and analyze the market on various factors like- Price Analysis, Supply Chain Analysis, Porters Five Force Analysis etc.

To provide the trends and opportunities in global artificial eye

To provide historical and forecast revenue of the market segments and sub-segments with respect to main countries

To provide the overview of key players and their strategic profiles in the market and drawing a competitive landscape for the market

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Intended Audience

Ophthalmic device manufacturing companies

Research and Development (R&D) companies

Independent research laboratories

Market research and consulting service providers

Medical research laboratories

Academic medical institutes and universities

Market scenario:

Artificial eye is also referred as visual prosthetic. It is the artificial visual device used to restore the visual function of the patient suffering from complete or partial blindness. Number of devices are available in the market which can cure or improve the eyesight of the patient. Global artificial eye market is driven by increasing number of people suffering from complete or partial blindness. According to WHO, approximately 250 million people of 50 years age are suffering from visual impairment. Around 80% people in many of the developing countries are suffering from eye sight problems of which nearly 50% of people are not able to take treatment due to its high cost. Global artificial eye market is driven by increasing number of people suffering from complete or partial blindness and increasing aging population. Increasing prevalence of diseases affecting eye sight, developments in technology and increasing prevalence of diseases like diabetes is also contributed in the growth of the market. While high cost of the treatment and availability of cheap alternative treatment has hampered the growth of the market. Global artificial eye market is growing at a CAGR of 9.6% during forecasted period 2017-2023. 

Segmentation

Global artificial eye market is segmented on the basis of type, Non-integrated implants, Integrated implants. Integrated implants are further segmented into hydroxyapatite, porous polyethylene, bioceramic, conical orbital implant and other. On the basis of technology, they are segmented into electronic and mechanical and on the basis of end user, the market is segmented into hospitals, ophthalmology clinics and others.

Regional analysis

On regional basis, America dominates the global artificial eye market. Development in technology and increasing people suffering from eye sight problem due to increasing prevalence of diabetes has driven the growth of the market. Europe commands the second largest market for the artificial eye which is followed by Asia Pacific.

Key players for global artificial eye market

Advanced Artificial Eye (US), The National Artificial Eye Services (NHS) (UK), Marie Allen Ocularist Ltd (Canada), COS-MEDIC PTY LTD (Australia), Retina Implant AG (Germany), Second Sight (US), Pixium Vision (France), Ericksons Custom Made Artificial Eye (Canada), International Prosthetic Eye Center (India)

The report for global artificial eye 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 a clear picture of the 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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Healthcare Supply Chain Management Market - Factors Driving Growth Post 2027

 The global healthcare supply chain management market is expected to grow significantly over the forecast period. It is estimated that the global healthcare supply chain management market is expected to register a CAGR ~ 8.2 % during the forecast period from 2018 to 2023. Supply-chain management is a process which includes planning, design, execution, control, and monitoring flow of various goods and services to create competitive logistics infrastructure, increases net value, synchronizing demand and supply of goods to measure performance. The major driving factors of supply chain management in healthcare are increasing globalization, expanding business, fast product life cycle, increasing fragmentation in the healthcare industry, the high economy of scale and other. The other factors responsible to support the market are increasing customer demand, rising customization, growing capabilities of technology and other. However, factors like lack of awareness, low innovation, the high cost of maintenance and installation, issues of integration may restrain the growth of the market.

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Healthcare Supply Chain Management Market Segmentation

The Healthcare supply chain management market has been segmented into models, functions, delivery mode, software, technology, and end users. The market, on the basis of models, has been segmented into, build-to-order, make-to-stock model, continuous replenishment model, chain assembly and others.

On the basis of function, Healthcare supply chain management market is sub-segmented into forecasting and planning, warehousing and distribution, inventory management and procurement, internal logistics and operations, reverse and extended logistics and others.

On the basis of delivery mode, Healthcare supply chain management market further segmented into on-premise, web-based, and others.

On the basis of software, Healthcare supply chain management market is sub-segmented into planning tools and execution tools. The planning tools are sub-segmented into forecasting and inventory management, supplier and vendor management, production and sales planning, others. Execution tools are further sub-segmented into warehouse management, order processing and status tracking, others. On the basis of technology, the market is sub-segmented into a barcode, radio frequency identification (RFID), global positioning system (GPS), internet of things and big data, others. On the basis of end users pharmaceutical and biotech companies, logistics companies and distributors, healthcare providers, and others.

Healthcare supply chain management market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Healthcare supply chain management market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European healthcare supply chain management market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The healthcare supply chain management market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Healthcare supply chain management market in the Middle East & Africa has been segmented into the Middle East and Africa.

Healthcare Supply Chain Management Market Key players

The major key players of the global healthcare supply chain management market include SAP (Germany), Infor (US), Oracle (US), GHX (US), TECSYS (Canada), McKesson (US), Manhattan Associates (US), Jump Technologies (US), JDA Software (US), and LogiTag Systems (Israel), Advocate Health Care (Murray, UT), and others.

Healthcare Supply Chain Management Market Regional Summary

Geographically, the Americas is anticipated to dominate the global healthcare supply chain management market owing to the developed healthcare sector, the presence of a large number of top biotech and pharmaceutical companies there, along with government initiatives, and rising technological advancement, increase in demand of medical devices. In the International Trade Administration 2016 report according to Government Accountability Office's (GAO) statistics, the US generated approximately USD 45 billion by exporting medical devices in 2015. The exporting of medical devices and generating a large amount of revenue support the supply chain management in the healthcare sector.

Europe is expected to hold the second largest position in the global healthcare supply chain management market. According to the European Commission, June 2017, publication Europe is one of the world’s leading exporter of pharmaceutical and medicinal products. Also, in 2016 Europe accounted for EUR 144 billion, by exporting pharmaceutical product worldwide. The increase in import and export for healthcare related products will enhance Healthcare supply chain management market in this region.  

Asia-Pacific is expected to be the fastest growing region in the market due to the rising prevalence of chronic disease and an increase in the demand for pharmaceutical products & medical devices. Also, increased expenditure in the healthcare sector is expected to enhance the growth in this market. On the other hand, the Middle East & Africa accounts the lowest share of the market. Healthcare supply chain management market of this region is expected to be held by the Middle Eastern region due to a developed healthcare sector and growing government initiatives for the healthcare sector.

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Global Pulse Oximeters Market Research Report 2020 Analysis and Forecast to 2023

 Market Forecast

The worldwide pulse oximeters market size is predicted to grow at around 6.5 percent during the forecast period (2017 to 2023). Pulse oximeters are used to assess key medical parameters; like cardiac, pulse, and breathing rates. They are employed to analyze the health of patients during the detection of their illnesses or when they display symptoms.

These products are adopted across homes, healthcare settings, healthcare emergencies. Rising elderly populace, preference for home surveillance, and chronic illnesses are some of the factors that drive this industry. Apart from these, heart problems and obesity coupled with unhealthy living conditions can also contribute market sales in the near future.

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Bad eating choices and consumption of junk food are the probable factors, reported to cause heart ailments, hypertension, and diabetes. Both these factors augur well for the industry and propel its revenues. In addition to the above factors, consumer awareness regarding ‘state-of-the-art’ pulse oximeters is said to boost market growth.

On the other hand, the key factor which hinders the industry is the shortage of awareness about these devices across middle & low income families. Considering the overall scenario, the pulse oximeters market is set to attain remarkable growth from 2017 to 2023. This fact is credited to the wider presence of cardiac arrhythmias, ischemic ailments, sleep apnea, and some others.

Innovations in technologies have resulted in customer-friendly and enhanced devices, resulting in higher market demand. For example, back in 2015, a wireless fingertip oximeter was introduced that could operate through Bluetooth. The said device possesses low power and was directed at recognizing untimely-involvement patients suffering from COPD and other breathing disorders.

Scarcity of well-established reimbursement regulations and heavy medical expenses urge patients to select home care and the convenience that comes along with it. This factor raises the need for remote patient surveillance devices, again leading to the growth of pulse oximeters. Quick sanctions on novel products & services also go a long way in promoting this market.

The global industry is experiencing constant mergers and acquisitions coupled with its other expansion strategies. Such an instance is the acquirement of a ‘Vital Signs’ company unit in 2013 by ‘CareFusion Corp.’  The deal was too good & reported to generate more incomes for specialized disposable businesses. The market is fragmented on the basis of products, applications, and regions.

Segments - Detailed Outlook

The pulse oximeters industry, in terms of products, consists of handheld, fingertip, and others. The various application sub-segments are medical amenities, hospitals, respiratory & cardiac centers, homecare, etc. Regions into which the market is split, comprise Asia Pacific, Europe, Americas, and the Middle East and Africa. Among products, handheld devices led the market.

The shares of handheld pulse oximeters were ascribed to massive ‘vital stats’ device usage and escalating surgical procedures. Additionally, the early diagnosis of life-long illnesses & disorders lowers more complexities and assists better treatments. Moreover, the identification of health risks are always beneficial in preventing other illnesses or relapses.

Also, heightened awareness about the significance of keeping patients under proper observation has positively impacted the market. Fingertip devices have also become more popular, with them being the most rapidly evolving sub-segment. Their non-invasive nature has helped them gain traction & patient convenience.

With respect to applications, medical amenities and hospitals maintained supremacy over the industry. The said fact was basically credited to multiple hypertension, heart arrhythmia, and COPD incidences. The global market was led by the Americas. Europe was close behind, followed by Asia Pacific that was likely to be the fastest expanding market over the forecast period.

Competition, Players’ Strategies, and Recent News

The worldwide pulse oximeters market is fairly competitive, with various companies developing new products & services to remain ahead of one another. Product sanctions and mergers & acquisitions are some of the common strategies used by these players. Recently, a new oximeter, ‘Elera Starhealth’ was launched to make reading simple for the patients. It can operate non-stop for fifty hours & provide rapid & precise spot checks, as and when needed.

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Turner Syndrome Market – Future Need Assessment 2023

 Market Scenario:

Turner Syndrome is a rare chromosomal condition diagnosed in the female population. It occurs when one of the X chromosome is partially or completely missing. Women with condition are shorter than the average female and are unable to conceive due to early loss of the ovarian function. Webbed neck, a low hairline at the neck’s back, lymphedema are some of the common symptoms of the disease. Increasing prevalence of the disease and rising female population are the major factors that drives the market during the forecast period. According to the National Library of Medicine in 2017, about 1 in 2,500 new-born girls, worldwide, were affected with the Turner Syndrome, making it one of the causes of female-fetal-miscarriages and stillbirths. Moreover, according to the World Bank the female population increased from 3.60 billion in 2014 to 3.68 billion in 2016. Additionally, the increasing FDA approvals for the treatment of the diseases followed by growing biotechnology sector and increasing awareness of the women health is expected to fuel the market growth. However, high annual treatment cost followed by its related side effects like vomiting, carpal tunnel syndrome, insulin resistance/ high blood sugar, worsening of scoliosis, and others is one of the major restrains for the market growth. This along with low per capita healthcare expenditure and lack of the awareness within the low and middle income countries is projected to restrain the market growth during the forecast period.

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The market for global turner syndrome is estimated to grow at an approximate CAGR of 13.0% from 2017 to 2023.

Segmentation

The global turner syndrome market is segmented on the basis diagnosis, treatment, and end user.

On the basis of the diagnosis, the market is categorized into physical examination, prenatal testing, karyotyping and others. The prenatal testing segment, by diagnosis, is sub-segmented into ultrasound test, amniocentesis, chorionic villus sampling, and others.

On the basis of the treatment, the market is segmented into human growth hormone therapy, oestrogen replacement therapy, progesterone replacement therapy, psychological therapy, and others.

On the basis of the end user, the market is segmented into hospitals & clinics, academic institutes, research organization, and others.

Regional Analysis

America dominates the global turner syndrome market. Increasing adoption of new technologies and huge patient population along with rising healthcare expenditure and the presence of a developed economies drives the market growth within the region.

Europe stands second in the global turner syndrome market owing to rising research and development expenses and huge patient population. Moreover, growing biotech sector within the region fuels the market growth within the region.

Asia Pacific region is the fastest growing market due to increasing awareness for women health, rising healthcare expenditures and growing healthcare sector. Moreover, developing economies like India and China with growing healthcare sector are present within the region, helping the market to grow.

The Middle East & Africa has the least share in the global turner syndrome market. The presence of poor economies and stringent government policies, especially in the African region restrains the market growth within the region.

Key Players

Cooper Pharma (India), Pfizer Inc. (U.S.), Lilly USA, LLC (U.S.), Genentech, Inc. (U.S.), Novo Nordisk (Denmark), Smiths Medical (U.S.), Rocket Medical plc. (U.K), Medtronic (U.S.), Sanofi (France), and others are some of the key players in the global turner syndrome market.

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Thumb Arthritis Market Top Companies, Business Insights, Growth, Global Market Share, Global Market Size, Trends, Sales, Revenue, Forecast and Detailed Analysis 2023

 Market Scenario:

The Global Thumb Arthritis Market is expected to grow at an approximate CAGR of 8.1% during the forecast period.

Thumb or carpometacarpal (CMC) joint arthritis is a common type of arthritis affecting the hands. In the patients with thumb arthritis, the cushion-like cartilage inside the CMC joint breaks down, causing the bones to rub against each other. Some of the common symptoms of the disease are inclusive of thumb joint pain, thumb base swelling, besides others. The prevalence of the thumb arthritis is increasing which is the major driver for the market growth. In 2016, according to a study published in the HAND (American Association for Hand Surgery) journal, the prevalence of the thumb CMC osteoarthritis was estimated to be around 8% to 12% in the general population. Moreover, growing geriatric and obese population along with the rising healthcare expenditure is estimated to boost the market growth during the forecast period. According to the World Health Organization in 2016, approximately more than 1.9 billion adults, were estimated to be overweight, accounting for 650 million obese people. Additionally, according to the World Health Organization, the world’s geriatric population is estimated to reach 2 billion by 2050 from 900 million in 2015. However, the high cost of the surgical therapeutics along with related complications is estimated to restrain the market growth during the forecast period. According to a study published in the Plastic and Reconstructive Surgery journal in 2016, the cost of therapeutic trapeziectomy with LRTI for a majority of the patients (89%) was estimated to be about around USD 2,576.

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Segmentation

The global thumb arthritis market is segmented on the basis of type, diagnosis, treatment, and end user.

On the basis of the type, the market is segmented into osteoarthritis thumb arthritis, rheumatoid thumb arthritis, and others.

On the basis of the diagnosis, the market is segmented into physical examinations, imaging, fine needle aspiration (FNA), and others. The imaging segment is sub-segmented into X-ray, computed tomography (CT), magnetic resonance imaging (MRI), and others.

On the basis of the treatment, the market is segmented into thumb exercise, medication, surgery, and others. The medication segment is sub-segmented into OCT medications, prescription medications, and others. The OCT medications, by treatment, is further segmented into acetaminophen, ibuprofen, and others. The prescription medications sub-segment, by treatment, is further segmented into celecoxib, meloxicam, and others. The surgery segment is sub-segmented into trapeziectomy, osteotomy, and others.

On the basis of the end users, the market is segmented into hospitals & clinics, research organizations, retail pharmacies, and others.

Key players in global thumb arthritis market

The key players in the global thumb arthritis market are inclusive of BioPro (U.S.), McKie Splints (U.S.), AbbVie Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Amgen Inc. (U.S.), Pfizer Inc. (U.S.), Carestream Health. (U.S.), General Electric Company (U.K), and others.

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Kidney Infection Market Forecast to 2023 – Driven by Industry Major Players, Dynamics, Future Opportunities, Revenue, Growth

 Market Scenario

Kidney infection is a result of infection in the bladder that spreads to the kidney. Most common bacteria causing kidney infection is E. coli. Kidney infections are very common, especially, an aging population. The blood test is performed to make sure that the kidneys are functioning normally. The urine test, called a urinalysis, detects any abnormal cells or proteins that relate to a kidney problem. If the blood and urine tests are normal, then no other tests are required. In some cases, these infections are diagnosed when a person undergoes an ultrasound examination or CT scan of the abdomen for some other reason. Additionally, the urologist may suggest an X-ray examination called “Voiding Cystourethrogram”.

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Increasing prevalence of kidney infections, increasing investment by biotechnology and pharmaceutical industries in R&D, and rising need for the better treatment methods drive the growth of the market. Furthermore, favorable reimbursement policies, increased application and significant investments in the development of new technologies for the treatment of diseases are likely to fuel the market growth during the forecast period. Moreover, increasing geriatric population is projected to boost the market growth. Established market players in the developed countries lead the globalization by pushing new products and services into the developing countries and emerging economies. However, higher treatment cost may hinder the market growth over the review period.

As per the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), Kidney disease is often referred to as a “silent disease” as there are no symptoms in its early stages and can go undetected. Chronic kidney disease (CKD) is a global health burden risk factor for cardiovascular disease (CVD). High blood pressure and diabetes are the main causes of CKD. The high economic cost to health systems and decreased productivity are the major drawbacks of kidney diseases. NIDDK also stated that the overall prevalence of Chronic Kidney Disease (CKD) in the general population is approximately 14%. It also stated that in 2013, Medicare spending for patients with CKD aged 65 and older exceeded USD 50 billion, which accounted for 20% of total Medicare spending in this age group. Over 70% of the Medicare spending for CKD patients aged 65 and older was incurred by those who also had diabetes, congestive heart failure, or both.

The global kidney infections market is expected to grow at a CAGR of ~5.2% during the forecast period 2017-2023.

Segmentations

The global kidney infection market is segmented on the basis of diagnosis, treatment, and end user.

On the basis of the diagnosis, it is segmented into dipstick urine test and imaging test. The imaging test is further segmented into ultrasound, CT scan, voiding cystourethrogram, and others.

The treatment segment is divided into medication, dialysis, kidney transplant, and others. The medication is further segmented into antibiotics, and Non-Steroidal Anti-Inflammatory Drugs (NSAIDs).

Based on the end user, it is segmented into hospitals & clinics, nephrology center, research institutes, and others.

Regional Analysis

The Americas dominate the global kidney infection market owing to the availability of technologically advanced medical devices for diagnosis and treatment of kidney infection such as dialysis machine, increasing patient population for a kidney infection, increasing government support for research & development, and high health care spending. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region.   

The European region is exhibiting flourishing growth owing to the increasing emphasis on the development of new drugs, rising government support for research & development, and availability of funds for research. Rising number of specialty services offered by various healthcare providers in Europe also accelerate the growth of the market. For instance, developed economies such as Germany and France are increasing investment in the healthcare domain and are focusing more on the hospital infrastructure.      

The Asia Pacific is the fastest growing kidney infection market owing to the presence of rapidly developing healthcare technology and high healthcare expenditure. Moreover, increasing patient population in countries such as India is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may speed up the market growth in this region.    

However, the Middle East & Africa holds the least share of the kidney infection market due to less availability of funds, limited medical facilities, and unavailability technologically advanced medical devices.

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