Market Growth Research

  The global market for nurse call systems is expected to show rapid growth. The key factors driving this market's growth are an increasing geriatric population with a rising need for digital healthcare, an increase in the number of hospitals implementing a nursing call system, growing public and private sector investments in digital healthcare systems, and technological advancement in nursing call systems. The adoption of real-time location system (RTLS) integrated with wireless technology in different healthcare facilities drives the market. RTLS allows healthcare facilities to monitor caregivers and equipment movement in order to increase efficiency. For example, in 2016 Piedmont Healthcare implemented RTLS to track the location of its assets in six different hospitals. In addition, with the increase in home healthcare and nursing home services, major players in the industry are focused on the need for faster patient response time as well as reducing nurse fatigue. Vendors dis

  Industry Trends Advancements in molecular diagnostics have facilitated the detection of numerous diseases and are particularly effective when faced with challenging differential diagnosis. Technological advancements in molecular diagnostics are anticipated to substantially drive the market growth as they facilitate cost-effectiveness, accuracy, and portability. The commercialization of MinION, an affordable and portable sequencer by Nanopore Technologies, is suitable for use in small laboratories and point-of-care facilities, which is projected to boost the market for molecular diagnostics. According to the WHO, the average prevalence rate of hospital-acquired infections in 2019 was 4.5% and 7.1% in U.S. and Europe, respectively. Molecular diagnostics play an essential role in the testing of infectious diseases as they offer quick and effective results. Thus, the growing prevalence of hospital-acquired infections and infectious diseases are further estimated to drive the demand f

  Industry Trends Wearable injectors are medical devices for the dispensing of large doses of the drug. Wearable injectors are user-friendly, comfortable and the need for multiple painful injections decreases. Numerous factors, such as increasing demand for convenient drug administration methods, increasing prevalence of chronic diseases such as diabetes, technological advances and the advancement of design in wearable injectors are expected to drive market growth. In addition, favorable government health-care initiatives and rising demand for minimally invasive devices are fueling market growth. Strict government regulation for product approval and the increasing preference for conventional drug delivery methods that, however, impede market growth during the forecast period. The wearable injector does not require that a physician or nurse administer the drug and it also monitors the patient's medication. The risks of error with wearable injectors during the delivery of a given

 The global market for medical tourism is largely driven by high cost of medical care in the native countries and better accessibility of healthcare for patients with health tourism. A characteristic feature of this sector is the emergence of emerging Asia Pacific economies as major hubs for medical tourism, positioning themselves as affordable health-care centers. Chronic diseases often come with a significant socioeconomic burden. The incidence of chronic and acute diseases is increasing globally and hence there is a rising need for patients to procure medical treatment that is economically beneficial. Patients are also preferring medical tourism to bypass the long wait for the treatment. Also, exorbitant treatment and management costs particularly for surgeries that have limited or no insurance coverage attracts patients to the medical tourism destinations. These factors in turn, propel the growth of the global medical tourism market over the forecast period.   It is expected th

Increasing technological advancement in medical pendants, increasing numbers of healthcare professionals, clinics, hospitals, and other healthcare centers, and growing demand for medical pendants are few driving factors for the market. Healthcare professionals use medical pendant to maintain an effective workflow by placing different necessary items and medical devices when performing surgery or the procedures. We play a crucial role in helping to maintain hospital infection prevention and protection by maintaining a secure connection to the data and power networks. The rising need for such systems in intensive care units and operating theaters is driving the global market for medical pendant systems. The use of medical pendant systems was fueled by the effective results obtained in the endoscopic and surgical fields. Another factor driving the market is an increasing demand for medical support systems with advanced features. Additionally, the adoption of these systems is encouraged

  Industry Trends The industry is witnessing the implementation by industry players of newer technology and regional expansion through approvals and mergers and acquisitions. In 2015 OrthogenRx announced GenVisc 850 FDA approval for patients with OA knee pain. It was developed in collaboration with Meiji Seika Pharma Co., Ltd. and TedecMeiji Farma S.A. It has been licensed by Meiji Seika Pharma Group and its partners in 60 countries, under the name ADANT, outside the USA. The category of osteoarthritis is further categorized into5-injection,3-injection, and single injection. Despite the higher treatment costs relative to its alternatives, single hyaluronic acid injection is well received by the market for hyaluronic acid. Single-injection offers greater convenience and reduces hospital visits, while at the same time reducing pain and adverse effects. Increasing geriatric population and rising cases of obesity are expected to further expand the market for hyaluronic acid over the fo

  Industry Trends The global vital signs monitoring devices market is a subset of the patient monitoring devices market. Factors such as increase in geriatric population, rise in inclination towards home monitoring, and upsurge in incidence rate of chronic diseases, such as cardiovascular disorders and other preexisting health conditions including COPD, are expected to drive the market. Moreover, improved reimbursement scenario for the monitoring devices and rise in ambulatory surgery centers across various countries that use vital signs monitoring devices routinely have fueled the vital signs monitoring market growth. However, lack of awareness about these devices in the low- and middle-income countries hamper the growth of vital signs monitoring devices market. Vital signs are used to assess human physical wellbeing, such as body temperature, pulse rate, breathing rate and blood pressure. Measuring vital signs helps to diagnose or track medical problems, and can be measured in a

  The patient registry software market is expected to witness a CAGR of 11.3% during the forecast period. Certain factors that are driving the market growth include implementation of government initiatives to build patient registries, rising adoption of electronic health records (EHR), and increasing use of patient registry data for post-marketing surveillance. Due to the current improved outcomes and quality of care in the 21st century, industry players around the world are searching for creative and cost-effective ways to deliver patient-centered, technology-enabled healthcare solutions, both inside and outside hospital walls. Electronic health records were able to attract interest from government sources due to widespread uses, both clinical and non-clinical. In order to witness progress in healthcare services, many federal policies initiatives, and programs are being implemented by governments in developed and developing countries all over the world. As a result, the increasing ado

Industry Trends Implantable Medical Devices (IMDs) are increasingly being used to improve health outcomes for patients. IMD designers have to balance complexity, reliability, electricity consumption and costs. Consequently, companies shift their focus to innovation rather than non-core activities and thus outsource these activities in order to launch effective devices. Material characterization dominated the market in 2015 and is likely to grow at a lucrative rate during the forecast period. Other tests that are inclusive of cleaning, reprocessing, method development & validation, accelerated stability testing, biocompatibility, validation testing for packaging materials (container closure permeation), and transport stability are also anticipated to witness rewarding growth. North America is likely to witness lucrative growth which is attributed to the fact that it is one of the top manufacturing hubs of highly reliable, complex, and high-end medical devices. The regulatory a

  Industry Trends Electric buses, which primarily operate through the consumption of electrical energy, were considered within the scope of the industry. Electric busses are operated in two modes, electric-only and hybrid (the primary fuel may be electrical energy, thus consuming less petroleum), which can be recharged from a standard electrical outlet.The growth of the electric bus market has been due to growing concerns about fossil fuel depletion and environmental pollution. To fix the above-mentioned concerns, many governments around the world have introduced changes in public transportation systems by substituting zero-emission electric busses for heavy-duty diesel and gasoline-run busses. Increasing government focus on promoting mass transit electrification solutions and government support are driving the growth of the electric bus market. The adoption of electric buses for public transport has been significantly promoted by transit agencies across various countries. Owing to