Healthcare and Life Sciences

Format: 2017-02-23
Format: 2017-02-23
February 16, 2017 | 127 Pages | SKU: IRTNTR11996

Overview of the global medical laser systems market

According to the Technavio’s analyst, the global medical laser systems market is anticipated to grow rapidly and will post a CAGR of more than 13% during the forecast period. The increasing demand for minimally invasive and non-invasive procedures will drive the growth prospects for the global medical laser systems market until the end of 2021. The medical laser therapies using minimal or non-surgical medical procedures is gaining traction in the market due to the low cost of treatment and availability of easy payment plans. Also, since these procedures promise quick recovery, less pain, and use latest technologies, the individuals are increasingly preferring laser procedures such as laser hair removal, scar removal, facelifts, skin resurfacing, and liposuction.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market’s growth in the region is the availability of skilled surgeons trained on the state-of-the-art equipment and their quick adoption of cutting-edge laser procedures in non-invasive techniques such as laser wrinkle reduction, skin tightening, and photo facial.

Competitive landscape and key vendors

The global medical laser systems market is highly


February 16, 2017 | 91 Pages | SKU: IRTNTR11995

Overview of the global hybrid imaging market

According to the Technavio’s analyst, the global hybrid imaging market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The growing adoption of positron emission tomography (PET) or computed tomography (CT) hybrid imaging will drive the growth prospects for the global hybrid imaging market until the end of 2021. The PET-CT represents one of the medical imaging modalities, which is used for early diagnosis, accurate disease staging, and acts as an effective response to the treatment of chronic conditions such as cancer. Also, new technological advancements in this hybrid imaging modality such as precise measurement for better differentiation and measurement of tumors increased data storage capabilities for oncologists to track tumor developments, and less patient movement will result in the market’s growth.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the increasing demand for hybrid imaging modalities in this region is the availability of favorable reimbursement facilities by Centers for Medicare and Medicaid Services (CMS).

Competitive landscape and key vendors

The global hybrid imaging market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly competing against each other based on factors such as aggressive


February 16, 2017 | 97 Pages | SKU: IRTNTR11999

Overview of the global prostate biopsy market

Market research analysts at Technavio predict that the global prostate biopsy market will grow steadily during the next four years and post a CAGR of almost 13% by 2021. This market research analysis identifies the growing incidences of prostate cancer as one of the primary growth factors for the prostate cancer biopsy market. It has been observed that prostate cancer is the second most common cancer prevalent in males after skin cancer and mainly affects men above 50 years of age. Additionally, there is also an increasing incidence of another disorder associated with prostate gland; benign prostatic hyperplasia (BPH) which results in the enlargement of the prostate. The prevalence of such disorders will increase the need for physicians to adopt prostate biopsy devices for diagnosis and screening of tumor in the prostate, boosting market growth.

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the prostate biopsy devices market throughout the predicted period. The presence of the leading vendors in this region will be a major factor driving market growth in this region. Moreover, advances in molecular diagnosis and the increased preference toward non-invasive diagnosis which will rise the demand for liquid biopsy procedures, will also fuel the growth of the market in the Americas in the next few years.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of large, medium, and small players and appears to be fragmented. Due to the increasing demand for prostate biopsy solutions in the developing countries such as China and India, the vendors are currently trying to establish their presence in emerging


February 15, 2017 | 75 Pages | SKU: IRTNTR11987

Overview of the global SMBG strips market

According to the Technavio’s analyst, the global SMBG strips market is anticipated to grow rapidly and will post a CAGR of close to 12% during the forecast period. The availability of reimbursements will drive the growth prospects for the global SMBG strips market until the end of 2021. Since diabetes testing equipment, blood glucose test strips, and blood glucose meters are quite expensive, various health insurance plans in the US market provide reimbursement policies to cover the cost of these instruments. For instance, one of the leading insurance companies in the US is Medicare and it covers approximately 80% of the cost of BGM devices. Such reimbursement facilities encourage individuals with diabetes to purchase BGM devices, which boosts the sales volume of these devices and accelerate the rate of revenue generation in the market.

The availability of test strips produced from Indian silk will drive the growth prospects for the global SMBG strips market for the next four years. In general, diabetes test strips are produced from plastic or paper. However, recent studies have shown that the production of tests strips from silk is a lot more simpler and has got strong antibacterial properties. In addition, the manufacturing of tests strips from silk reduces the need for embedded electrodes as it has the potential to transmit the electrical signals with enzyme coating alone unlike other test strips that require enzymes as well as electrodes.

Competitive landscape and key vendors

The global blood glucose strips market is highly competitive and diversified due to the presence of a large number of regional and


February 14, 2017 | 85 Pages | SKU: IRTNTR11968

Overview of the global pulse oximetry market

Technavio’s market research analyst predicts the global pulse oximetry market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the installation of multi-parameter devices. There is an increasing demand for the establishment of multi-parameter patient monitoring devices in medical facilities. These multi-parameter patient monitoring devices can help in tracking various parameters such as blood pressure, oxygen saturation, and tidal carbon dioxide levels at the same time. The market has been witnessing a growing adoption of multi-parameter patient monitoring systems (MPPMS) for emerging applications, such as neonatal care and pediatrics. This type of patient monitoring system eliminates the need for separate parameter devices and capital investment in medical facilities. The pulse oximeter is also integrated with other parameters such as blood pressure and glucose monitoring, thereby acting as a multi-parameter device.  

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The US is the largest contributor to the pulse oximetry market for 2016; this is due to the rising use of patient monitoring devices in hospitals and medical facilities across the US. Moreover, the advancement in technology, increasing adoption of pulse oximeters in home-care settings, and subsequent smartphone compatible product launches will augment the growth of the global pulse oximetry market during the forecast period.

Competitive landscape and key vendors

There is intense


February 14, 2017 | 100 Pages | SKU: IRTNTR11971

Overview of the global PACS market

According to Technavio’s analysts, the global PACS market is anticipated to grow at a steady rate and post a CAGR of close to 6% during the forecast period. The increasing adoption of PACS by small hospitals and medical imaging centers will drive the growth prospects for the global PACS market until the end of 2021. One of the major factors responsible for the growing market penetration of PACS is its integration with radiology information system (RIS) that helps hospitals in the storage, management, and retrieval of a huge volume of medical images. Also, the market is witnessing an increasing adoption rate of PACS in the small hospitals and diagnostic imaging centers because of the growing preference for cost-effective mini-PACS imaging system designed specifically for these small hospitals with limited budgets.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market’s growth in the region is the changes brought in hospital infrastructure and healthcare policies and the use of cloud computing in the healthcare sector.

Competitive landscape and key vendors

The global PACS market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as competitive pricing, product differentiation, technology and imaging software upgrades,


Pages