Wednesday 31 July 2013

Gastrointestinal Endoscopic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (2013 - 2019)

Devices used to inspect the internal lining of the gastrointestinal tract are termed as gastrointestinal endoscopic devices. Gastrointestinal (GI) tract includes small intestine, large intestine, duodenum, colon, stomach, cecum and rectum. Any infection or abnormalities in function of this GI tract is detected for using gastrointestinal endoscopic devices. These devices are helpful in detecting the cause of abdominal bleeding, vomiting, persistent pain, inflammation and tumor affecting the esophagus, duodenum and stomach. In addition they also help in treating these GI diseases. Various GI diseases include ulcer, gastroesophageal reflux disease, hemorrhoids, colon cancer, diverticulitis, bowel syndrome and Crohn’s disease. 


Gastrointestinal endoscopic devices include thin flexible tube, light attached to thin flexible tube and a visualizer. Other components of this device are viewing sheath, power source, rheostat, lasers, insufflators, battery box, bulbs, fiberoptic lighting, hand instruments, electrosurgical and radiofrequency instruments. The process of detecting GI tract abnormalities through GI endoscopic devices is termed as gastrointestinal endoscopy. This process starts with anesthetizing the patient and then putting thin wire in the GI tract through mouth. The internal structure image is displayed on the visualizer. This image helps the physician to detect and treat the GI infections.

Gastrointestinal endoscopic devices are further segmented as endoscopic retrograde cholangiopancreatography devices (ERCP), hemostatis devices, capsule endoscopy, biopsy devices and GI videoscopes. GI videoscopes include video gastroscopes, video duodenoscopes, video colonoscopies, video ultrasound endoscopes, video enteroscope and video sigmoidoscope. Other GI endoscopic devices include stents, enteral feeding devices, esophageal dilation balloons, polypectomy snares, and anti-reflux devices. 

Changing lifestyle has changed the diet pattern. The new diet has reduced the intake of various healthy foods which increases the incidence of digestive tract problems. In addition, increase in GI diseases has also triggered the growth of this market. Recently in year 2011, 1 million of the total worldwide population has been detected with colon and rectum cancer. Weight management treatment has also contributed in its growth since this therapy includes gastric banding and bypass surgery. Global increase in disposable income has also boosted the growth of this market. Despite all the advantages, the growth of this market would be hampered due to lack of sufficient reimbursement policies and reduced government funding in various nations such as Europe and U.S. respectively. In addition, high costs and delayed approval process would also hinder the growth of this market.

Some of the major market players in this industry are Covidien Ltd., Boston Scientific Corporation, Conmed Corporation, Johnson & Johnson Ltd., Fujinon Ltd., Stryker Corporation and other significant players.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report:
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments.

The World Demand For Blood Monitoring Systems Market That Was Over 40.9 million in 2012 Is Expected To Increase To USD 174.2 million By 2019

Market Research Reports : Transparency Market Research published new market report "RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global RFID blood refrigerators and freezers market was valued at USD 40.9 million in 2012 and is expected to grow at a CAGR of 22.8% from 2013 to 2019, to reach an estimated value of USD 174.2 million in 2019.


The global RFID blood refrigerators and freezers market is expected to undergo rapid growth of 22.8% from 2013 to 2019. This growth is majorly attributed to the rapid adoption of RFID technology in the healthcare industry and growing need for efficient management of blood and blood products to minimize transfusion errors. Growing trend of consolidation of healthcare facilities has resulted in growth of their size. This is followed by the increase in the volume of inventory of blood and blood products. Consistency in the occurrence of transfusion and storage errors despite the use of bar-coding and note-taking systems also influence the demand for RFID blood tracking solutions in blood banks and hospitals.

The major concern for hospitals and blood centers is patient safety, minimal wastage of blood products and minimization of blood transfusion errors. Consistent prevalence of blood transfusion errors and to minimize the time consuming paperwork for inventory management, hospitals and blood banks throughout the world have begun to explore RFID tracking system for its potential in efficient inventory and supply management. Furthermore, privatization of healthcare infrastructure has led to a growth in the number of large sized blood banks and hospitals in many developing countries which require efficient catering to the transfusion needs of patients. This phenomenon serves as a potential opportunity for the RFID blood refrigerators and freezers manufacturers to introduce their products in these regions.

North America was the dominant geographical market for RFID blood refrigerators and freezers in 2012. RFID systems for Real Time Location Systems, asset tracking and inventory management are mature technologies in this region and many healthcare institutions have already adopted RFID to reduce errors and increase productivity. The US has the highest adoption rate of RFID in its healthcare system. The advanced healthcare system of this country and existence of large sized blood banks have been responsible for the high level of RFID tracking technology utilized in its healthcare infrastructure. Currently, North America encompasses more than 50% of the global RFID blood refrigerators and freezers market.

Moreover, the adoption of RFID blood refrigerators is high in blood banks than in hospital blood centers. This is due to the existence of more number of blood banks across all regions and the volume stored and supplied to and from blood banks is larger than that in hospital blood centers.

At present, the global market for RFID blood refrigerators and freezers has few players. Companies such as Biolog ID, Terso Solutions and Magellan technologies are the dominant players in this market. Recent FDA approval to the first RFID-enabled Blood tracking system will encourage more companies to enter this market thereby increasing the competition.

The global RFID blood refrigerators and freezers market is segmented as follows:

RFID Blood Refrigerators and Freezers Market, by Geography

  • North America
    • Hospital blood centers
    • Blood banks
  • Europe
    • Hospital blood centers
    • Blood banks
  • Asia-Pacific
    • Hospital blood centers
    • Blood banks
  • Rest of the World (RoW)
    • Hospital blood centers
    • Blood banks
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Tuesday 30 July 2013

In Vitro Diagnostic Tests Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (2013 - 2019)

In vitro diagnostic test are the kind of medical tests which are performed to detect diseases, infections and pathological conditions. These tests are performed in test tubes or in controlled environment outside the patient’s body.  In vitro diagnostic tests are executed with the help of reagents, reagent products, control materials and apparatus such as laser and cell, to examine specimens like blood and tissue.

Browse full report at: In Vitro Diagnostic Tests Market

To detect wide array of diseases, a variety of in vitro diagnostic tests are performed such as immunoassay, molecular diagnostics, hematology, flow cytometry, coagulation and clinical chemistry. Immunoassay is a biochemical test, used to detect the presence of analyte in the specimen with the use of immunoglobulin or antibody. They are used to detect pregnancy, heart diseases, prostate cancer and others. Molecular diagnostic test detects specific sequences in DNA or RNA including single nucleotide polymorphism (SNP), deletion, insertion and rearrangement which may or may not be associated with the diseases. They are helpful in detecting infectious and genetic diseases, pharmacogenomic and cancer.

Hematology diagnostic tests use blood as the sample to diagnose illness or disorders. They are helpful in detection of cancer, blood diseases and blood protein. Flow cytometry diagnostic tests are performed to count and sort cell, detect biomarker and protein in the sample which is passed through an electronic detection apparatus. They are majorly used to detect blood cancer. Coagulation diagnostic tests are involved in diagnosis of hemostasis system through coagulometer. Clinical chemistry tests are performed to detect the significant amount of substances in urine, blood, body fluid and tissues.

In vitro diagnostic test provides better and accurate detection of different diseases and hence helps in providing specific treatment for the same. Rise in incidence of chronic and infectious diseases amongst aging population coupled with increasing awareness in developed nations such as U.S. and Europe have augmented the growth of this market. Lack of awareness and disposable income in developing nations has negatively impacted the growth of this market.

Some of the market players in this industry segment are Roche Diagnostics, Abbott Laboratories, Siemens Medical, Beckman Coulter Inc. and others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report:
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments.

Monday 29 July 2013

Blood Processing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Market Research Reports : Transparency Market Research published new market report "Blood Banking Market- Global Industry Analysis , Size, Share, G rowth, Trends and Forecast, 2013 - 2019 , " the global blood processing devices and consumables market was valued at USD 27.27 billion in 2012 and is estimated to reach a market worth USD 49.16 billion in 2019 at a CAGR of 8.9% from 2013 to 2019.


The growth of the blood processing devices and consumables market is driven by factors such as increase in aging population, increasing cancer therapies, emergence of infectious diseases (HIV and Hepatitis) and significant rise in surgical procedures. In addition, strict government regulations across the world are also positively impacting market growth. Moreover, manufacturers are developing improved and automated products for collection, processing and storage of blood and blood components. According to WHO, it is estimated that global population over age 60 years would double from 11% (2000) to 22% (2050). People aged 60 and above are more prone to cancer risk and other surgical procedures. Hence, graying population and increasing demand of cell therapy will act as driving factors for the growth of this market.

Blood processing devices and consumables market is a rapidly developing field, and have been witnessing numerous technological advancements Growth of the market is influenced under the rising demand for pathogen-free blood. Blood being a vital component of the body, is routinely used in wide range of hospital procedures for transplantations, cancer therapies and other forms of surgeries. Therefore, safe blood supply is integral in surgical and other blood transfusion procedures. Manufacturers are developing automated products to reduce blood associated risks. Automaton of devices reduces human intervention, requires less number of professionals and also reduces the risk of pathogen development.

Therefore, automated devices and consumables have been gaining lot of popularity in recent times. Automated cell processors and automated blood collection devices have become one of the standard procedures for blood procurement, thereby further giving a boost to this market. Other major technological advancements include blood bags with in-built filters, blood collection monitors, and tube sealers which are further supplementing the market growth.

Blood bags used in each step of blood collection, processing, storage and delivery account for the largest share in blood processing consumables segment. Coagulation reagents, which are used for detecting bleeding disorders and coagulation rate is the fastest growing segment of blood processing consumables market and is poised to grow at a CAGR of 13.3%.

North America accounts for the largest share of the blood processing devices and consumables market owing to the developed economies in this region. In North America, more than 27 million units of blood and blood components are transfused each year. 

Therefore, to meet this huge blood requirement, the market is characterized by government support, increased public awareness and presence of technologically advanced equipments. Despite the developed countries holding a major share, Asia-Pacific region is poised to show a significant growth in the coming years. Expanding population bases in countries such as India and China, coupled with increasing epidemic of diseases such as dengue and chikunguniya will boost the market demand and successive growth. Additionally, the government in these nations is focused towards improving healthcare infrastructure, thus, in turn, further propelling the growth of this market.

Blood processing devices and consumable market is witnessing intense competition among the players which are willing to offer complete reliable and cost-effective products. Some of the significant key players in this market include Terumo BCT, Fresenius Kabi, Haemonetics Corporation, Immucor, Inc., Abbott Diagnostics and others. Manufacturers are entering into strategic alliances with other players for the development and commercialization of new and innovative products, for maintaining the competitive edge.

The global blood processing devices and consumables market is segmented into the following categories:
  • Blood Processing Devices and Consumables Market, by Product Types
    • Blood Processing Devices
      • Blood Bank Refrigerators
      • Blood Bank Freezers
      • Blood Cell Processors
      • Blood Warmers
      • Blood Grouping Analyzers
      • Hematocrit Centrifuges
    • Blood Processing Consumables
      • Blood Bags
      • Blood Administration Sets<
      • Blood Collection Needles
      • Sedimentation Tubes
      • Vials
      • Test Tube Racks
      • Blood Collection Tubes
      • Slide Stainer
      • Microscopic Slides
      • Blood Lancets
      • Coagulation Reagents
      • Hematology Reagents
      • Blood Grouping Reagents
      • Blood Filters
  • Blood Processing Devices and Consumables Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • RoW
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Monday 22 July 2013

Minimally Invasive Surgery Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast (2013 - 2019)

Minimally invasive surgery (MIS) is known for its efficiency and its low risk procedures. These procedures are safe, patient friendly, very precise in nature, and have improved surgical outcomes. MIS ensures the patient’s quick recovery and also shortens the hospital stay. These factors have led to an increase in the demand for MIS across the globe. The prime advantages of MIS are reduction in post-operative difficulties, better cosmetic result, quick recovery, and the relative cost effectiveness.


With the increase in pressure to pull down healthcare costs and simultaneously improve the surgical outcome, MIS has been successful in replacing conventional invasive surgical methods. With MIS, the pressure of high investment in treatments has been considerably reduced. Favorable reimbursement system and provisions have further induced the demand for MIS. On the other hand, the high investment cost for such devices is one of the concerns for the adoption of this method on a large scale.

The market of MIS can be classified on the basis of product types, technology, and applications. The major product types used in MIS are endoscopic devices, monitoring and visualization systems, electrosurgical devices, imaging systems, and some others. The technology segment comprises of medical robots and capsule endoscopes. The applications segment is further divided into cosmetic surgery, gastrointestinal surgery, orthopedic surgery, cryosurgery, and laparoscopic surgery. The emerging economies of Asia-Pacific will also undergo impressive growth in the given period of forecast. Some of the major players of this market are Stryker Corporation, Conmed Corp., Fujifilm Holdings Inc., Ethicon Endo Surgery Inc., Accellent Inc., and Covidien PLC.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report:
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments.

Medical Devices News : Cardiovascular Monitoring & Diagnostic Devices Market - Global Industry Size, Share, Trends and Forecast - 2016


Market Research Reports : Transparency Market Research published new market report “Cardiovascular Monitoring & Diagnostic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,2011 - 2016”global cardiovascular monitoring & diagnostic devices market is estimated to be USD 797million in 2011 and expected to reach USD 1.3 billion in 2016 at a CAGR of 8.8% over the period 2010 to 2016. The ECG Monitoring Equipments segment is the leading market contributor with a share of around 51% in 2010.


Cardiovascular Diseases (CVDs) are the largest cause of deaths globally, around 17.3 million people died from cardiovascular diseases in 2008. This amounts to 30% of all deaths. Of these deaths, an estimated 7.3 million were due to coronary heart disease and 6.2 million were due to stroke. Low- and middle-income countries are the largest affectedwith CVDs. An estimated 80% of CVD deaths take place in low- and middle-income countries. By 2030, almost 23.6 million people will die from CVDs, mainly from heart disease and stroke and are projected to be the single leading causes of death.

With the number of people suffering from cardiovascular diseases and the condition upswingsglobally, the demand for cardiovascular devices is growing.Around 30 million people are severely affected by cardiovascular diseases every year. A considerable market growth is provided in the stress testing systems and diagnostics all over the world by the emerging markets.The overall sales in 2009 was USD 34.9 billion as compared to the projected sale for 2010, estimated to be USD 36.2 billion at a compound annual growth rate of 3.6% in the global market for cardiovascular devices. There are two sub-segments accounting for the high demand—cardiac rhythm management and cardiovascular monitoring and diagnostic devices.

In 2009, the sales in diagnostic cardiovascular devices amounted to USD 11.1 billion, and in 2015, is estimated to reach USD 15.5 billion with a CAGR of 5.7% The U.S. represents the largest market in the worldwide cardiovascular disease market and Europe represents the second largest market, followed by Japan.The global Cardiovascular Monitoring and Diagnostic (CMD) devices marketis estimated to reach USD 1.3 billion in 2016, growing at a CAGR of 8.8% during 2010 – 2016.This market comprises of Electrocardiograph (ECG) monitoring equipment, ECG stress testing systems, Holter monitoring systems, ECG data monitoring systems, event monitoring systems, cardiovascular monitoring and diagnostic devices and cardiopulmonary stress testing systems. The largest segment growing at 10.7% over the period 2010 – 2016 and valued at USD 410.5 million in 2010 was the ECG monitoring equipment.

GE Healthcare, Philips Healthcare, Nihon Kohden, Cardiac Science Corp (now OptoCircuits) and Schiller AG are the leading companies in the global Cardiovascular Monitoring and Diagnostic devices market, with a combined share of more than 60%.

·         Scope and Overview

The objective of the study on “Global Cardiovascular Monitoring & Diagnostic Devices Market” is to gain detailed market insights for cardiovascular monitoring & diagnostic devicesused to treat CVDs in developing economies where the reported CVD incidence is very high and also in developed economies where advanced technologies are being rapidly implemented. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.The report also covers the strategies followed by Global Cardiovascular Monitoring & Diagnostic Devices Market” players.

·         Segmentation & Analysis

The report segments and analyzes the “Global Cardiovascular Monitoring & DiagnosticDevices Market” on the basis of following sub-categories:

·         Major Geographic Markets
    • U.S.
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Japan
    • China
    • India
    • Australia
    • Brazil
    • Canada

This section provides in-depth analysis of “Global Cardiovascular Monitoring & Diagnostic Devices Market” that includes market size and growth forecast for each geography and opportunities prevailing in the particular geography.
This section provides in-depth analysis of cardiovascular devices market size and growth forecast for each sub segment, driving factors and challenges prevailing in the overall and at the micro market levels, and opportunities and future outlook for all the levels.
·         
   Cardiovascular Monitoring & Diagnostic Devices Market
    • ECG Monitoring Equipment
    • Holter Monitor
    • Stress Testing
    • Cardiac Monitor

This section provides in-depth analysis of cardiovascular monitoring & diagnostic devices marketsize and growth forecast for each sub segment and opportunities and future outlook for all the levels.
·        

      Product Pipeline Analysis

This section analyses the new product developments and impact on the market.
·    
     Company Profiles of Top Players


     This section provides brief overview of top market players in the Global Cardiovascular Monitoring & Diagnostic Devices Market”The profile of each company includes brief overview, key financials, product & services, recent developments and key strategies adopted by the player.





About Us:

Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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Thursday 18 July 2013

X-Ray Market - Global Industry Analysis, Size, Share, Growth and Forecast 2012 - 2018


Market Research Reports : Transparency Market Research published new market report "X-Ray Market: Global Market Analysis, Size and Forecast (2011 - 2017)", Global X-Ray market was worth USD 7.3 billion in 2011 and is expected to reach USD 9.1 billion in 2017, growing at a CAGR of 3.6% from 2011 to 2017. In the overall global market, American region is expected to maintain its lead position in terms of revenue till 2017.


X-ray is one of the diagnostic imaging techniques through which images of the internal structures of a human body, especially bones are obtained, which facilitates early diagnosis of diseases. X-ray has the largest market share among the key equipment of diagnostic imaging market, which includes CT, MRI, Ultrasound and Nuclear Imaging. The increase in aging population and rise in patients with chronic diseases are driving the X-ray market growth.

The X-ray market is segmented into General X-ray and Cardiovascular X-ray. The General X ray market was about 2.6 times the Cardiovascular X-ray market in 2011. The General X-ray market will grow at a CAGR of 3.5% from 2012 to 2017, whereas Cardiovascular X-ray market is estimated to grow at a CAGR of 3.7% during the same period. General X-ray enjoys some of the advantages over Cardiovascular X-ray including low cost, efficient and easy to operate, which supports the healthy growth of general X-ray market.

The American region is expected to account for the largest share of global X-ray market revenue at USD 3.0 billion in 2012. The region is expected to reach USD 3.4 billion in 2017 at a CAGR of 2.9% from 2012 to 2017. The ROW region (including theMiddle East and Africa) is expected to have the highest growth rate of 8.7% during the same period.

This report provides a holistic view to the overall global X-ray market with 8 year market data & forecast based on segments of X-ray Equipment (General X-ray market & Cardiovascular X-ray) and geographic markets (Americas, Europe, APAC and ROW).

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About Us

Transparency Market Research is a global market intelligence company, providing global 
business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research 
techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
90 Sate Street,
Suite 700
Albany, NY -12207
Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453





Tuesday 16 July 2013

RFID Enabled Smart Cabinets Market for Expensive Hospitals Supplies - Global Industry Size, Share, Growth, Trends and Forecast - 2018


Market Research Reports : Transparency Market Research published new market report "RFID Enabled Smart Cabinets Market for Expensive Hospitals Supplies - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global market for RFID enabled smart cabinets was valued at USD 286.7 million in 2011 and it is expected to reach an estimated value of USD 609.8 million in 2018, growing at a CAGR of 11.3% from 2012 to 2018.


RFID Smart Cabinet technology has been instrumental in reducing manual efforts in maintaining, tracking and managing inventory in hospitals and promises to reduce losses and misplacement of supplies. These cabinets are responsible for the tracking of expensive drugs and devices as well as maintaining viability of drugs by alerting the medical team in case a drug has expired. RFID is in use in the healthcare sector for the last two decades and promises significant savings to hospitals in terms of losses due to human errors in hospital inventory mismanagement, loss due to theft and incorrect prescriptions for medications.

RFID cabinets in hospitals are common in North America particularly in the United States, where there are few governmental restrictions on the usage of radiofrequencies. The adoption in United States is expected to further increase as awareness among the medical community increases. Along with this, it is expected that in coming years, competitive pricing will help stimulate the growth of these cabinets in hospitals and other healthcare facilities.
Exhaustive data was collected on hospital specialties which deal with expensive materials such as radiology and oncology, orthopedic surgery, cardiovascular surgery, cath labs, and ophthalmology among other departments. The current trend of installing cabinets was then collected from hospitals and manufacturing companies through personal interviews with industry experts and hospital procurement departments with several participants spread across the countries under focus.

The major drivers for the growth of the RFID smart cabinets market is the urgent need for inventory control in hospitals to reduce loss, awareness of RFID technology and its applications, governmental regulations for inventory management, low cost of supporting network equipment (WiFi, ZigBee, Ultrasound) and increasing hospital funding for infrastructure in emerging economies of Latin America such as Brazil and Argentina.

Strong factors restricting the growth include initial costs of installing devices and subsequent maintenance which are quite high. Many hospitals consider it as an unnecessary luxury as they give priority to expanding beds in the hospitals. In Europe, a large number of hospitals have been shutting down and reducing the customer base. Shrinking customer base will pose serious challenges to the growth of the market. Besides these, several countries have not opened radiofrequency bandwidths for healthcare and public use. Moreover, established bar-coding techniques are deeply rooted in the healthcare systems of today. There is a reluctance to shift to modern technologies s these simple manual techniques are currently sufficient.

The key competitors in this segment are WaveMark, Terso Solutions, Solstice Medical, Tagsys, Mobile Aspects and LogiTag. There are numerous other local and regional players across the world such as BayNexus, ARC Technologies.

The global RFID enabled smart cabinets market is categorized into the following segments:
  • RFID Smart Cabinets, By Region
    • North America
    • Canada
    • United States
    • Mexico
    • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Belgium
    • Netherlands
    • Poland
    • Asia-Pacific
    • Australia
    • Japan
    • China
    • India
    • Rest of the World (RoW)
    • Middle-East
    • Brazil
    • Argentina
    • Chile




About Us

TransparencyMarket Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Monday 15 July 2013

Surgical Equipment Market- Global Industry Analysis, Share, Size, Growth,Trends and Forecast 2010 - 2017


Market Research Reports : Transparency Market Research published new market report "Surgical Equipment Market (Surgical Sutures, Surgical Hand Instruments and Electrosurgical Devices) - Global Forecast, Market Share, Size, Growth and Industry Analysis (2010 - 2017)"; The global surgical equipment market was worth USD 5.2 billion in 2011 and is forecasted to reach USD 7.5 billion in 2017 at a CAGR of 6.2% from 2011 to 2017. Surgical sutures segment accounted for the largest share - i.e. 57.0% of the global surgical equipment market at USD 3.0 billion in 2011. The electrosurgical devices segment will have the fastest revenue growth at a CAGR of 7.5% during 2011 - 2017.


The global surgical equipment market is divided into three categories: electrosurgical devices, hand instruments and surgical suture. The surgical equipment industry is composed of mechanical devices (such as lasers, electro-surgery devices, disposables, heavier cutting tools, generators and accessories), handheld instruments (blades, scalpels, clamps and scissors) and wound closure products such sutures (non-absorbable and absorbable).

The surgical equipment market is driven by strong economic growth in Japan, Europe and in emerging economies such as India and China. Increased healthcare expenditure, improving standards of living and longer life expectancies are the major factors driving the growth of the surgical equipment market. Moreover, growing demand of outpatient surgeries, increase in the number of healthcare centers, the rise in the surgical procedures performed globally; technological innovations and growing preference for minimally invasive surgeries are also driving the growth of the surgical equipment market.

Our research indicates faster growth in number of surgical performed in emerging economies in comparison with developed economies. This is primarily due to the higher economic growth and fast improving healthcare facilities in these economies, and declining repayment levels in the U.S.

High competition in the global surgical equipment market is observed with local and international players capturing respective slice of the surgical pie. The faster addition of operating facilities compounded with growing number of hospitals in emerging economies provides healthy growth opportunities for established as well as new players .The top four players in the global surgical equipment market accounted for about 64% market share in 2011. Ethicon was the clear leader in the global surgical equipment market accounting for 34.4% market share in 2011.

This report is an effort to identify driving forces behind the global and regional surgical equipment market over the next six years. The report provides extensive analysis of the surgical equipment market and current market trends and presents a comprehensive assessment on the basis of:

Surgical Equipment Market Categories :
  • Surgical Sutures
  • Absorbable Sutures
  • Non Absorbable Sutures
  • Surgical Hand Instruments
  • Electrosurgical Devices
Surgical Equipment Market Products :
  • Saw Blades
  • WecPrep Blades
  • Scalpel Blades
  • Saws
  • Scalpels
Surgical Equipment Market Types :
  • Disposable
  • Reusable
Surgical Equipment Market Geography :
  • U.S.
  • Europe
  • Asia
  • RoW

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