Medical devices

Rapid Rise In 3G/4G Reaching More Consumers Dictate Video Telemedicine Market’s Growth

The rapid penetration of broadband internet will impel the growth of the video telemedicine market, finds a latest report by Transparency Market Research. The report titled “Video Telemedicine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020″, says that by 2020, the market valuation will touch US$1,624.4 mn, up from US$559.0 million as of 2013. The global video telemedicine market is expected to register a CAGR of 16.5% between 2014 and 2020, the report further states.

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With age come a variety of mobility issues. As the world’s graying population base expands dramatically, there is a pressing need for healthcare services and specialists to reach out to these aged individuals rather than the other way round. This factor will lead to an unprecedented interest in the deployment of video telemedicine solutions, especially in countries where the majority of the population is already connected to the internet. In both developed and underserved regions of the world, governments have realized the many benefits of video telemedicine consultations, creating a smoother path for the growth for the global video telemedicine market.

The key restraints that will stand in the way of the market’s growth, however, are: Reluctance to adopt new technologies, a dearth of skilled staff to enable the seamless deployment of video telemedicine, and the underdeveloped network infrastructure in many regions of the world. Companies in the telemedicine market can find a way around these problems by introducing integrated telemedicine solutions that are easy to use and cost less than the existing options. With the aim to drill down to the second and third level of the global video telemedicine market, the report segments the market by communication technology into: 3G (GSM, CDMA, Others), Satellite Communications, 4G (LTE, WiMax & Others), Broadband Integrated Services Digital Network (B-ISDN), and Asymmetric Digital Subscriber Line (ADSL).

Furthermore, the report provides extensive qualitative information about the following communication technologies in the context of the video telemedicine market: Asynchronous Transfer Mode (ATM) and IP Multimedia Systems (NYSE:IMS). The highest revenue generating segment in 2013 in the global video telemedicine market, according to the report, was that of ADSL-based video telemedicine segment. However, as the adoption of 4G spreads across the world, the 4G-based video telemedicine segment is poised on the brink of seeing impressive growth. By application, the global video telemedicine market is segmented into dermatology, cardiology, gynecology, psychiatry and neurology, oncology, orthopedics, dentistry, radiology, and orthopedics. While video telemedicine was most widely used for gynecology-related consultation in 2013, the use of neurology and psychiatry segment will see patients and doctors heavily relying on video telemedicine in the coming years. As a result, the neurology and psychiatry segment will exhibit a remarkable 17.0% CAGR from 2014 to 2020.

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North America saw the highest use of video telemedicine and will continue to remain the key market over the near future. Projected to expand at a CAGR of 15% through the report’s forecast period, companies will continue to invest considerably in the North America video telemedicine market. Companies profiled in the report include: ZTE Corporation, Siemens Healthcare, Global Media Group, LLC., LifeSize Communications, Inc., AMD Global Telemedicine, Inc., Sony Corporation, Logitech International S.A., Vidyo, Inc., Premiere Global Services, Inc., and Huawei Technologies Co. Ltd.

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Medical devices

TMR Releases Research Paper, “Scar Treatment Market” – Evolving Trends 2024

Often considered a concept that draws from wound care and first aid, scar treatment has emerged as a niche market promising high growth to medical device manufacturers. However, products used in scar therapy are far more advanced than conventional first-aid adhesives. Driven by innovations, demand in the U.S. scar treatment market is poised to surge exponentially between 2016 and 2024.

A scar is any mark on the skin caused by injury, burns, surgery, acne, or inflammation of tissue. Scars

can impact the mental and physical well-being of an individual, resulting in poor self-esteem, depression, embarrassment, and altered social interactions. Scars can be of various types depending on their age, color, shape, and sizes. The incidence of skin problems leading to scar formation is significantly high in the U.S., which is driving the scar treatment market in the country.

Additionally, the U.S. scar treatment market is significantly gaining from the easy availability of technologically advanced products with the capability of fading apparent scars. The growing geriatric population and rising consciousness about appearance among consumers are also aiding the expansion of the scar treatment market in the U.S. Increasing expenditure on personal grooming also has been boosting the U.S. scar treatment market.

A comprehensive overview of the U.S. scar treatment market has been provided in the report. The factors impacting the market’s growth are studied in detail. The report also presents insights into the growth drivers and restraints that are expected to influence the market’s trajectory during the forecast period. Some of the companies operating in the market are profiled in the report to examine the competition prevailing in the U.S. scar treatment market.

The increasing disposable income of consumers and rising economic growth are cited as reasons for the revenue generated from the increasing sale of scar treatment products. It is important to note that while the treatment of keloids and burn scars is considered medically important by regulatory bodies, the treatment of mild to medium acne and spot correction is not considered a medical necessity. However, a rise in the affluence of the population has been fuelling the demand for aesthetic corrective procedures such as dermal filling, wrinkle reduction, volume restoration, and laser treatment.

Botulinum type-A injections and hyaluronic acid based dermal fillers are primarily used for aesthetically improving a person’s appearance.

The U.S. scar treatment market is also significantly gaining from the increasing demand for combination therapeutics in scar treatment to enhance the effectiveness of procedures and shorten the time taken for treatment.

The various products available in the U.S. scar treatment market include ointments, creams, gels, oils, and sprays. These products have proven helpful in reducing redness, bumps, pain, and itching caused by scars. Since these products can mostly be applied onto scars without any medical supervision, demand for them is quite high in the U.S. Additionally, the demand for minimally invasive surgical treatments and laser treatments has also significantly increased for the treatment of more severe scars.

On the flip side, some of restraints witnessed by the market include the increasing awareness about the side effects associated with the usage of scar treatment products. The high cost of scar treatment therapies also has an adverse impact on the scar treatment market in the U.S.

Medical devices

Players in Global Home Rehabilitation Products and Services Market to Strengthen Distribution Channels via M&As

Rehabilitation programs are measures that help people suffering from disabilities due to musculoskeletal conditions, amputations, and drug abuse, by improving, maintaining, and restoring physical strength and mobility. Factors such as growing geriatric population, rising prevalence of chronic diseases, technological advancement, increased life expectancy, increase in number of individuals with disabilities, are driving the growth of the global rehabilitation products and services market. The global home rehabilitation products and services market is highly unorganized, fragmented, and competitive, creating current market stagnation and paving way for future growth opportunities for existing players as well as new entrants. However high cost of the rehabilitation services, and lack of appropriate health insurance schemes in developing nations is anticipated to pull back the growth of home rehabilitation products and services market.

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The latest report from Transparency Market Research (TMR), titled “Home Rehabilitation Products and Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”, offers a 360-degree view of the market. According to the report, the global home rehabilitation products and services market will expand at an 8.50% CAGR during the forecast period from 2015 to 2023. In 2014, the global home rehabilitation products and services market was estimated at US$84.2 bn and by 2023, the market is projected to be worth US$176.1 bn.

The global home rehabilitation products and services market is driven by the elevated prevalence of chronic conditions. In addition to this, the rising population of baby boomers, along with the shifting demographics, will further fuel the global home rehabilitation products and services market. According to the U.S. Census Bureau, there were 76.4 mn baby boomers in 2014. The growing base of consumers will also propel the global home rehabilitation products and services market. Nevertheless, the global home rehabilitation products and services market will be suppressed by poor reimbursement policies.

Product-wise, the global home rehabilitation products and services market is segmented into wheelchairs, general aids, body support devices, and positioning devices. The wheelchairs segment held the largest share in the global home rehabilitation products and services market and is expected to continue its dominance in the foreseeable future. This segment is driven by the rising incidence of disabilities and rising aging population.

Service-wise, the global home rehabilitation products and services market is classified into respiratory therapy services, speech therapy services, occupational services, physical therapy services, and others. The physical therapy segment dominates the global home rehabilitation products and services market due to factors such as the increasing financial ability of the elderly to treat conditions such as arthritis, osteoporosis, hip and joint replacements. Furthermore, physical therapy is administered only by or under the direction/supervision of a physical therapist and involves evaluation, prognosis, assessment, diagnosis, plan of care, and re-examination.

Geography-wise, the global home rehabilitation products and services market is divided into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. North America held the largest share in the global home rehabilitation products and services market in 2014. The North America home rehabilitation products and services market is driven by the growing population affected by chronic conditions, rising number of surgical procedures, large geriatric population, and increased access to healthcare. Nevertheless, Asia Pacific will witness the highest CAGR during the forecasting horizon. Factors driving the Asia Pacific home rehabilitation products and services market are the high prevalence of mobility-related conditions, strokes, burn injuries, and neck and back pain-related conditions.

 

Medical devices

Emerges In Technological Development To Boost Home Healthcare Software Market’s Growth

Home healthcare is a wide segment consisting of various software, products and services which are provided at patients’ home. The trend observed globally is the shift of treatment from hospitals to homes in order to save expenses and gain cost effectiveness. The convenience and cost effectiveness offered by the home healthcare services and treatments over hospital treatment are the driving forces for this market. In the home healthcare market third party service providers are witnessing huge demand for better treatment quality and trained professionals. Asian countries such as Japan, India and China show high demand for home healthcare, as they contain a growing aging population. North America is also showing constant growth in the home healthcare market as reimbursement is offered on specific devices and health policies in the U.S.

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Cost & convenience, increasing awareness, rising prevalence of diseases & the growing aging population, technical advancements in healthcare segment and rising incidence of chronic diseases globally are some driving forces for global home healthcare market. Some of the factors restraining the growth of the home healthcare device market include changing nature of reimbursement policies, limited coverage for home healthcare devices, changing technologies and regulatory obstacles for the new era devices. Players in the home healthcare market can seek opportunities in cost efficient devices through strategic aligning and telehealth patient monitoring.

The home healthcare software market is segmented on the basis of type of equipment, type of service provided and region. On the basis of type of equipment, the home healthcare market is segmented into monitoring equipment, therapeutic equipments and mobility assist & other equipment. This monitoring equipment segment is further segmented into home diabetes care devices, home holter monitors, home pregnancy/fertility tests, heart rate meters, home – apnea & sleep monitors, home patient monitors and other home patient monitors. Home healthcare therapeutic equipment segment is further segmented into home respiratory therapy equipment (medical ventilators and accessories, medical nebulizer kits and devices, continuous positive airway pressure products and oxygen delivery systems), home IV equipment, home insulin delivery devices, home dialysis equipment, hearing aids market and other home therapeutic equipment. Mobility assist equipment segment is further segmented into wheelchairs and related devices, walking assist devices and home medical furniture.
Home healthcare services market is segment into respiratory therapy services, infusion therapy, unskilled home healthcare and rehabilitation service providers (speech therapy, occupational therapy and physical therapy). On the basis of region, the home healthcare software, product and service market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW).

Some major players in the home healthcare software, product & service market are Abbott Laboratories, Air Liquid S.A., Amedisys Inc., American Homepatient Inc., Apria Healthcare Group inc., Baxter International Inc., Bayer Ag, B. Braun Melsungen Ag, Carefusion Corporation, Coloplast A/S, Convatec Inc., Covidien Plc., C.R. Bard Inc., Eli Lilly and Company, Fresenius SE & Co Kgaa, GE Healthcare, Gentiva Health Services Inc., Philips Healthcare, Invacare Corporation, Lincare Holdings Inc., Medtronic Inc., Novo Nordisk, Siemens Healthcare, Sunrise Medical Inc., and Teleflex Incorporated, among others.

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Business, Medical devices

Multibillion-Dollar Alopecia Market to Grow at a Rapid Rate in Upcoming Years

Alopecia refers to a condition of excessive hair loss and hair damage resulting from several dietary issues, medical conditions, and lifestyle choices. While the treatment-seeking rate for alopecia is much greater in developed regions compared to developing economies, the market for alopecia drugs and therapeutics is gaining prominence in countries such as India and China owing to the surge in healthcare expenditure and rising cases of hormone-driven hair loss.

The research report offers readers a snapshot of the global alopecia market and reviews the therapeutic as well as competitive landscape of the market. The pipeline therapeutics for alopecia by universities, companies, and research institutes has been thoroughly evaluated with the help of the latest market intelligence tools and the data derived from verified industry-specific sources.

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The multibillion-dollar alopecia market has been driven by a number of micro and macro factors and trends. One of the leading causes of alopecia among men and women is changing lifestyles resulting in the increased consumption of tobacco, alcohol, and other addictive products. Growing levels of stress and a rapidly increasing geriatric population base has also contributed toward the surge in alopecia cases.

Apart from this, the market for alopecia is fueled by the rising prevalence of various chronic diseases such as depression, diabetes mellitus, cancer, arthritis, polycystic ovary syndrome, and hypertension. The rising celebrity culture, growing emphasis on aesthetic appearance, and increasing disposable incomes have had a significant impact on the global alopecia market. Furthermore, an increase in research and development efforts, technological advancements in the field, and the development of novel therapeutic options are likely to propel the market for alopecia in the coming years. On the other hand, severe side effects such as decreased libido, high blood pressure, erectile dysfunction, and increase in heart rate resulting from the usage of alopecia drugs limits the growth of the global alopecia market.

The global alopecia market has been geographically divided into Asia Pacific, North America, Europe, and Rest of the World. Among these, North America enjoys the largest share in the overall alopecia market and is also presently the most significant revenue generator. The primary factors driving the North America alopecia market are the increased prevalence of hair loss and the equally high treatment rates for the same. This market is also propelled by the high disposable income of consumers in the region, the presence of technologically advanced healthcare infrastructure, and the availability of innovative therapeutic options for the treatment of alopecia.

One of the most lucrative markets for alopecia is Asia Pacific and research analysts have predicted that the market in this region will witness considerable growth in the coming decade. A growing population suffering from alopecia, coupled with the rising awareness about the condition and available treatment options, is greatly responsible for the future growth of the alopecia market in Asia Pacific. Other factors contributing to the expansion in this regional market include rapid economic development, recent technological trends and innovations, constantly rising disposable incomes, improvement in healthcare facilities, and surging healthcare expenditures.

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Vendor Landscape Assessment

Some of the leading players competing in the global alopecia market are Merck & Co., Lifes2good, Dr. Reddy’s Laboratories, Alpecin, Cipla, Vitabiotics, Johnson & Johnson, Phyto Ales Group, Kirkland Signature, and Sun Pharma. An increasing number of companies have been adopting various strategies to survive in an immensely competitive environment as well as expand their businesses in the global alopecia market. Some of these competitive strategies include clinical trials, surge in research and development efforts, and collaborations with medical, educational, and research institutes.

Business, Medical devices

Laboratory Plasticware Market Gains Impetus from Policies Mandating Enhanced Safety in Laboratories

The use of plasticware across laboratory applications has significantly risen thanks to its cost-effectiveness. A new report by Transparency Market Research (TMR), provides a comprehensive overview of the global laboratory plasticware market. It presents insights into the factors influencing the market’s trajectory between 2013 and 2019. The report is titled “Laboratory Plasticware Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

Laboratory plasticware is made from polymers and has diverse applications across laboratory and research centers. The market for laboratory plasticware has significantly evolved in the last few years in terms of design, material composition, and application. Laboratory equipment or apparatuses made from polymers is being preferred because of their unbreakable nature. This property also enhances their applicability in handling radioactive isotopes and hazardous and carcinogenic substances or chemicals.

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Lab_glassware

The demand for laboratory plasticware is thus increasing at a rapid pace due to its properties such as reusability, environment friendliness, and thermostability. Moreover using laboratory plasticware ensures better safety to laboratory personnel than glass apparatuses.

Some of the most commonly used laboratory plasticware includes beaker, spirator bottles, Buchner funnel, centrifuges, micro centrifuge tubes, and carrier tray. Laboratory plasticware is also gaining considerable acceptance in cryopreservation and cell culture related experiments and studies. With advances in technology, various chemical compositions are used for manufacturing laboratory plasticware. Such developments are expected to reflect positively on the overall sales reported by the market.

Despite witnessing growth at a steady rate, the market for laboratory plasticware in the U.S. and Europe is threatened by government cuts in funding for research and development. The reluctance of private companies for investing in R&Ds is also expected to have a negative impact on the market. Nevertheless, as per the report, the U.S. will continue to remain the largest market for plasticware laboratory equipment owing to the presence of a large number of research centers and universities in the nation.

The global laboratory plasticware market also witnesses rising demand in the emerging economies of Asia Pacific such as India, Singapore, China, and Japan. The surging economies of these countries are providing lucrative opportunities for the market vendors to capitalize on. The prevalence of stringent regulations mandating enhanced safety across the laboratory also aids the expansion of the global laboratory plasticware market.

The countries encompassed within the Rest of the World are yet to emerge as attractive markets for laboratory plasticware. However, favorable government policies are attracting top notch R&D companies in these countries, which is expected to positively impact the laboratory plasticware market.

To present a holistic report on the prevailing competitive landscape, the report also profiles companies such as Eppendorf AG, Duran Group GmbH, Thermo Fisher Scientifi, Inc., Mettler-Toledo International Inc., Wheaton Science Products, and others.