Synthetic Biology Market - Recommendations for 2016; Emerging Trends and New Technologies Research 2013 - 2019

Global Synthetic Biology Market: Snapshot

Organisms engineered with novel techniques of synthetic biology are more affordable as it increases the use of genetically modified microorganisms for various industrial applications and cuts down the cost of research. This is leading to the greater utilization of synthetic biology technologies and products by researchers across the globe. The growth of the global synthetic market is backed by the intervention of government bodies, universities, and large organizations in synthetic biology research activities.

Furthermore, the rapid advancements in technologies are working in favor of the growth of the market. According to a report by Transparency Market Research (TMR), the opportunity for the global market for synthetic biologics was worth US$5.48 bn in 2016 and is anticipated to rise at a tremendous CAGR of 32.6% from 2013 to 2019, reaching a valuation of US$13.37 bn by 2019.

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Demand for Synthetic Biology Techniques to Remain High in Healthcare Sector Due to Rising Prevalence of Chronic Diseases

On the basis of application, healthcare will continue to account for the lion’s share of the overall market revenue throughout the forecast period. The rapidly growing global population along with the increasing incidence of chronic and infectious diseases is augmenting the growth of the segment. Synthetic biology has the potential to offer cost-effective and highly efficient drugs and vaccines with low side effects and enhanced nutrition. These drugs and vaccines can be used for the treatment of various diseases such as AIDS, cancer, malaria, and other infections. The agriculture segment is estimated to expand at a phenomenal CAGR of 52.5% during the forecast period owing to the ever-rising demand for food coupled with the declining availability of agricultural land.

Based on technology, genome engineering will continue to dominate the market until 2019. The technology is being increasingly adopted due to the fact that it helps in modifying a specific area of DNA, thereby offering better reproducibility. However, the biological components and integrated systems segment is poised to outpace other segments, progressing at a CAGR of 43.0% during the same period. The growth of this segment can be attributed to its potential of reducing the cost of producing large-scale biofuels and medicines.

North America to Outperform Europe Owing to Increasing Research and Development Efforts

Europe was the leading regional market in terms of revenue in 2016. The increasing government participation and funding for the development of synthetic biology are driving the growth of the region. Moreover, the growing applications of this technology in the field of health, energy, environment, and other areas are contributing to the growth of the region. However, the region is expected to lose its dominance to North America by the end of the forecast period.

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The growth of the North America region can be attributed to the positive initiatives by government and private organizations to promote synthetic biology research activities. The rising scientific research and development of new technologies are expanding the scope for the development of synthetic biology in the region. Furthermore, the domicile of a large number of key players offers North America an edge over other regions. The region is anticipated to represent 46% of the overall market revenue by 2019.

On the other hand, Asia Pacific is likely to rise at a noteworthy CAGR of 34.2% during the same period. The immense growth potential in this region is attracting the support of many international organizations for the development of synthetic biology. The burgeoning demand for high-quality nutrition and cheap medicines among people is surging the demand for synthetic biology techniques and thus fuelling the market in the region. Some of the prominent players in the global synthetic biology market are Gevo Inc., Bristol Mayer, DSM, Life Technologies, DuPont Inc., LS9 Inc., Genomatica Inc., and Amyris Inc.

Biomedical Refrigerators and Freezers Market: Plasma Freezers and Blood Banks to Contribute Majorly to Market Revenue

Transparency Market Research forecasts that the global biomedical refrigerators and freezers market will expand at a healthy CAGR of 4.2% over the period between 2016 and 2024. The market, which held an opportunity of US$2.91 bn in 2015, is expected to rise to US$4.28 bn by 2024.

The rising prevalence of a number of chronic and infectious diseases, increasing global demand for personalized drugs, and the promising pace of technological developments across healthcare infrastructures in emerging economies are cumulatively driving the increased adoption of biomedical refrigerators and freezers globally. The steady rise in the number of blood banks in developing and developed regions combined with government initiatives aimed at raising awareness about blood donation have also favored the sustainable growth of the market in the past few years.

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In the years to come, stringent emission regulation norms and rising awareness about the harms of greenhouse gases emitted from conventional refrigeration systems to the environment will compel product manufacturers to design greener products. Companies are surely coming to terms with the several changes aimed at fortifying this switchover, such as worldwide bans on refrigerants such as hydrofluorocarbons (HFCs). As a result, more green refrigerators and freezers will enter the biomedical industry in the next few years.

Plasma Freezers to Retain Dominant Stance in Global Market

Of the key varieties of refrigerators and freezers used in the biomedical industry, including plasma freezers, shock freezers, ultra-low temperature freezers, blood bank refrigerators, and laboratory/pharmacy refrigerators and freezers, the segment of plasma freezers presently dominates the market. The segment accounted for a share of nearly 29% in the market in 2015. The vast rise in demand for fresh frozen plasma and rising number of apheresis procedures across the globe will likely aid the segment continue dominating the market across the forecasting horizon as well.

The rising global demand for blood transfusion and a vast rise in the number of technologically advanced blood banks across the globe has also resulted in the heightened demand for plasma freezers globally. In terms of rate of expansion, however, the segment of laboratory/pharmacy/medical freezers will outpace the segment of plasma freezers through 2024. The segment of laboratory/pharmacy/medical freezers will exhibit a 5.49% CAGR from 2016 to 2024.

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Asia Pacific to Present Most Promising Growth Opportunities; North America to Remain Key Contributor

Rising geriatric population, rising investments towards technological advancements in healthcare infrastructure, and the flourishing medical tourism industry will collectively lead to vast growth opportunities for the global biomedical refrigerators and freezers market in in Asia Pacific in the next few years. The market will expand at the fastest CAGR of 5.84% among other key regional markets through 2024. The region is expected to hold an 18% share in the global market by 2024.

However, North America will continue to hold the largest share in the market and witness only a slight drop in its share in the global market by 2024. North America presently leads the market, accounting for a 52% share in market’s overall valuation in 2015.

The region holds a dominant position in the global market on account of the highly developed healthcare infrastructures, the presence of a large number of world’s leading biomedical companies, and the vast life sciences research activities undertaken every year. The introduction and high rate of adoption of technologically advanced products such as RFID-enabled equipment, multiple compressor equipment also favor the overall growth of the biomedical refrigerators and freezers market in North America.

Vendors Need to Focus on Development of Economic Products

The market features intense competition, which has further soared owing to the introduction of technologically advanced and innovative products at a sustained pace in the market. High R&D investments have compelled international companies to increase costs of products, somewhat limiting their appeal to only to the developed regions. This factor has worked well in favor of regional players, especially the ones operating in developing cost-sensitive economies such as Latin America and Asia Pacific.

Some of the leading vendors in the market are Haier Biomedical, Eppendorf AG, Aegis Scientific, Inc., Leibherr Group, Terumo Corporation, Philipp Kirsch GmbH, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., and Helmer Scientific.

Cardiovascular Monitoring and Diagnostic Devices Market - current status and future directions.

Intense competition and high entry barriers outline the present state of the competitive landscape of the global cardiovascular monitoring and diagnostic devices market, states a recent Transparency Market Research (TMR) report. In the markedly consolidated market, the top two vendors, GE Healthcare and Philips Healthcare, accounted for a more than 55% share in 2015. Moreover, these two companies have their headquarters in Europe, granting this regional market a high level of saturation. The other half of the competitive landscape is, however, highly fragmented with a large number of specialty vendors operating in regional pockets.

However, the rising prevalence of a number of cardiovascular diseases coupled with the rising global demand for technologically advanced and innovative devices would attract new entrants to the market. As a result, the competition in the market is expected to further intensify in the next few years. Pulling ahead in these foreseeable tough times will require alignment of business strategies towards untapped opportunities in several regional territories and innovative ways of promoting products. Other key vendors operating in the global cardiovascular monitoring and diagnostic devices market include Spacelabs Healthcare, St. Jude Medical, Inc., and Siemens Healthcare.

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Vast Geriatric Population Base and Flourishing Medical Tourism Industry Key to Market’s Growth

According to estimates derived by the United Nations University (UNU), the share of people aged above 65 years in the global population is expected to rise from 7% in 2000 to 16% by 2050. As people above the age of 65 years are more prone to acquiring cardiovascular diseases, the vast rise in the world’s geriatric population in the near future will stimulated demand for effective cardiovascular monitoring and diagnostic devices.

Additionally, the flourishing sector of medical tourism in developing countries will have a sizeable impact on the consumption of a variety of cardiovascular monitoring and diagnostic devices in regions such as Asia Pacific and Middle East in the next few years. Low procedural costs and availability of reliable and affordable labor in countries such as Turkey, India, China, and Indonesia will make them the most preferred foreign destinations for undertaking complex cardiovascular diagnosis and surgeries.

Factors such as inadequate physical activities, unhealthy diets, high stress levels, and rising consumption of tobacco and alcohol are substantially increasing risk of cardiovascular disorders in the global population. This has also emerged as a high-impact driver of the global cardiovascular monitoring and diagnostic devices market in the past few years.

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Lack of Favorable Reimbursement Policies and High Cost of Advanced Devices Challenge Expansion across Developing Economies

For most varieties of cardiovascular monitoring and diagnostic devices available in the market presently, high costs and limited or inadequate reimbursement policies are the key hindrances that limit the overall development of the market to a certain extent. In developed regions such as the U.S., Japan, and many European countries, the high costs of devices are supported by sufficient reimbursement for purchasing these devices and tests. However, post purchase activity costs, involving costs for recording and testing activities are not covered under reimbursement policies, bringing down the attractiveness of high-end cardiovascular monitoring and diagnostic devices, especially across cost-sensitive developing regions.

The global market for cardiovascular monitoring and diagnostic devices is expected to expand at a healthy CAGR of 6.4% over the period between 2016 and 2024, rising from a valuation of US$1.8 bn in 2015 to US$3.1 bn by 2024. The segment of ECG systems contributed the largest share to the market’s overall revenues in 2015, accounting for nearly US$878 mn in 2015. However, the segment of implantable loop recorder is expected to expand at the highest CAGR of 7.1% over the period between 2016 and 2024. Geography-wise, Asia Pacific will present the most promising growth opportunities over the said period, expanding at a 7.1% CAGR.

This review of the global cardiovascular monitoring and diagnostic devices market is based on a recent market research report published by Transparency Market Research, titled “Cardiovascular Monitoring and Diagnostic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Operating Room Equipment Market: Business Challenges, Emerging Technologies & Competitive Landscape

The operating room equipment market report evaluates each of the segments and its sub-categories in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global operating room equipment market and could influence the market in future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players operating across the globe. All these factors would help market players to take strategic decisions in order to strengthen their market positions and increase their correspondent market shares.

The recommendations section included in the report would assist existing market players in targeting all major stakeholders in this industry such as companies and hospitals. The report also profiles major players in the global operating room equipment market based on various attributes such as company details, business overview, financial facts, business strategies and recent developments.

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The operating room equipment market report analyzes the current and future prospects of the global market. The operating room equipment market comprises movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. The growth of the overall market is due to rise in number of hospitals, growing number of ambulatory surgical centers, surge in demand for hybrid operating rooms, growing number of regulations for operating room equipment, and increase in number of geriatric population coupled with high number of surgeries worldwide. Globally, the operating room equipment market has been experiencing steady growth and the trend is expected to continue during the forecast period from 2015 to 2023.

Based on product type, the operating room equipment market has been segmented into movable imaging systems, biomedical systems, endoscopes, anesthesia systems, operating tables, operating room lights, surgical imaging displays, operating room integration systems, surgical booms, and microscopes. The market segments have been extensively analyzed based on usefulness, efficacy, revenue, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023.

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Additional information, such as recent developments in operating room equipment, market dynamics, and value chain analysis, in the market overview chapter provides details to assist new and existing players to venture and explore latent market opportunities in the near future. This report provides in-depth analysis of the global operating room equipment market. The stakeholders for this report include companies involved in the research and development and application. In order to provide a snapshot of this market to stakeholders, this report includes an executive summary section, which summarizes the market size, trends, and competition for different regions.

Major drivers of demand and growth of the operating room equipment market include growing number of ambulatory surgical centers, product innovations driven by advances in technology, rising demand for hybrid operating room, and increase in the number of surgeries. Apart from this, innovations related to patient handling techniques will propel the operating room equipment market in the next few years. Major restraints of the market include high cost of operating room equipment. However, the report also highlights various opportunities that are expected to boost market growth during the forecast period.

The operating room equipment market report also includes recommendations section that will assist new companies to establish their presence and existing players to expand their market shares. Key players in the operating room equipment market include Allen Medical (Hill ROM), GE Healthcare, KARL STORZ GmbH & Co. KG, Mizuho OSI, Maquet Holding B.V. & Co. KG (Getinge AB), Olympus Corporation, Philips Healthcare, Siemens Healthcare, Skytron, LLC, Steris Corporation, Stryker Corporation, and TRUMPF GmbH + Co. KG.

Medical Sensors Market : Asia Pacific to Take Over as Leading Region

Need for Patient Monitoring Creates Demand for Medical Sensors

The unequivocal rise in the number of chronic conditions has created a huge demand for a novel method of diagnosing, treating, and managing them. The ongoing technological revolution that is merging the demands of the healthcare industry and patients’ needs is relentless trying to solve this issue with the introduction of medical sensors. As these medical devices help in monitoring health conditions by converting physical components into electrical signals they are being popularly used by patients and physicians alike. Transparency Market Research states that the opportunity of the global medical sensors market was US$1,452.8 mn in 2015 and is expected to reach US$2,476.8 mn in 2024, as the market expands at a CAGR of 6.1% from 2015 to 2024.

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The growing pool of geriatrics will be the underlying reason for the astounding success of the medical sensors. Their increasing adoption will be attributable to the saddening rise in cancer, hypertension, diabetes, and other cardiovascular diseases across the globe. The incorporation of medical sensors in several conventional medical devices helps in alerting patients of potential problems, thereby bringing in an accuracy disease management to a reliable extent. Additionally, a score of laboratories are deploying medical sensors for automating processes and establishing efficiency in the final output. Yet another incentive for laboratories to use medical sensors is that they eliminate the cost of centrifugation, loading of the analyzers, and sorting amongst others.

Need for Compatible Devices Fuels Biosensors Product Segment

Amongst the various types of products developed with medical sensors, the biosensors are expected to surpass all shares. During the forecast period, the biosensors product segment will progress at a steady CAGR of 7.5%. World Health Organization states that the number of diabetics will reach 366 million by the end of 2030. This alarming statistic will be attributable to the increasing number of diabetics who require frequent monitoring of blood sugar levels. This product segment will also be fueled by a large number of end users seeking wireless, portable, and smartphone compatible devices.

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Asia Pacific to Take Over as Leading Region

As of 2014, North America accounted for a share of 35.6% in the global market due to higher consumer awareness and a huge support systems for health monitoring initiatives. The preference for minimally-invasive surgeries has also been at driving the demand for medical sensors in North America. However, analysts predict that Asia Pacific will report the highest growth rate in the forecast period as the region leads the world with a high number of diabetics and patients suffering from respiratory disorders. Furthermore, the strengthening economies of India, China, Malaysia, and Australia will also fuel the demand for medical sensors are they look at upgrading their medical facilities and infrastructure.

The chief operating players in the global medical sensors market are Danaher Corporation, Honeywell International, NXP Semiconductors, and Measurement Specialties. Strategic mergers and acquisitions to create strong product portfolios is the ongoing trend amongst these companies. However, increasing and channelizing research and development strategies towards achieving results will also help companies achieve an impressive share in the global market.

Photopheresis Products Market Trends and Forecast 2016 – 2024

As autoimmune disease become increasingly prevalent across the world, researchers are keeping no stone unturned to find the most effective cure. Photopheresis has emerged as one of the most promising treatment options for autoimmune diseases, solid organ transplant rejection, chronic graft versus host diseases, and advanced cutaneous T-cell lymphoma. The treatment was first approved by the FDA in 1988 and is largely considered is the first line of therapy administered in case of aforementioned conditions. Photopheresis offers a range of benefits such as better efficacy and lesser side effects compared to other drug treatments. While this will create lucrative prospects, the market is also expected to gain from the increasing demand for blood derived products.

According to Transparency Market Research (TMR), the global photopheresis product market is expected to report a CAGR of 5.9% between 2016 and 2024. At this pace, the market will reach US$371.1 mn by the end of 2024, from a valuation of US$223.1 mn in 2015.

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Q: How the future of the global photopheresis products market looks like?

A: Government bodies across the world are encouraging patients to undergo external counter pulsation (ECP) therapy, in the form of favorable reimbursements, for the treatment of various diseases. These policies and the consequent coverage of medical expenses covered under government-supported refunds are encouraging patients towards choosing the therapy for the treatment of various ailments.

Furthermore, globally the incidence of cutaneous T-cell lymphoma (CTL), which is a rare non-Hodgkin lymphoma affecting skin, is increasing. As per the Cutaneous Lymphoma Foundation, every nearly 1500 new cases of (CTL) is reported in the U.S. As the incidence continues to increase, experts are recommending ECP as the first line of therapy despite the availability of various therapies for the treatment of CTL. These factors are indicative of a promising future of the global photopheresis products market.

Q: Which regions will show most lucrative opportunities for the market?

Regionally, North America dominates the global photopheresis products market. It held over half of the global market in 2015 and is projected to retain its dominance through the course of the next few years. Favorable reimbursement policies for various disease indications such as CTL and lung transplantation by ECP have been providing significant impetus to the market in North America. For instance, in 2012, Medicare extended their reimbursement coverage for ECP for the treatment of bronchiolitis obliterans syndrome (BOS). Furthermore, various such policies are underway, which are expected to provide boost to the photopheresis products market in North America.

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On the down side, inadequate availability of treatment centers for ECP therapy is likely to slow the pace of gains for the market. Nevertheless, the region boasts comparatively more number of positive factors indicative of a promising future for the market. As per TMR, the North America photopheresis market is expected to show a 5.8% CAGR between 2016 and 2024.

Meanwhile, the Asia Pacific market which held only 4% of the global photopheresis products market in 2015, is poised to exhibit the leading CAGR of 6.6% during the same forecast period. The visibly increasing investment in the healthcare sectors across the region’s most promising economies has resulted in the rise in number of photopheresis centers in the region. Faster regulatory approvals and emergence of corporate entity in the ECP sector is promoting the growth of the region’s photopheresis products market.

Dental Fittings Market: Regional markets, technology developments, types, applications, and the competitive landscape

Orthodontics mainly deals with the correction of improper alignment of teeth by braces or apparent loss of teeth by dentures/artificial teeth. Orthodontics was initially chosen for children but now it is used ubiquitously. Technological advancements have reduced the stigma related with this treatment and now many dental fittings such as tongue and teeth colored braces are available commercially. Rising awareness of dental aesthetics and related advantages has resulted in increased acceptance of dental fittings amongst all age groups.

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The dental fittings include dentures, archwires, anchorage appliances and ligatures. The braces or the brackets are meant to place the misaligned or crooked teeth in place. Braces are small squares attached to the front of the teeth by an orthodontic bonding agent and connected to each other via connectors or bands. Orthodontic bands are stainless steel, tooth colored material or transparent. Spacers are separating parts that fit between the teeth before the bands. Archwires guide braces with the movement of the teeth. Ligatures are small rubber bands which hold on to the archwires together. Traditionally braces were made up of metals, however, with technological advancements they are now available in ceramics. The braces are also made up of stainless steel, titanium or a mixture of both. The orthodontic archwires are of two types: coated metal and transparent non-metallic. Coated metal archwires are made up of nickel- titanium or of stainless steel and are coated with polytetrafluoroethylene (PTFE), parylene-polymer, and an epoxy-resin. Transparent nonmetallic arches are similar to metal arches which are made from glass spindle and are embedded in polymer matrix. The growing demand for aesthetic archwires has led to many advancements in archwires technology. These wires will continuously be developed on the basis of appearance, durability and flexibility. Non-metallic archwires may take over the future market as they are more preferred over the conventional metallic wires. Dentures are used to replace and support the missing teeth and the surrounding gum tissues. Dentures are of two types: complete ones and the partial ones. The partial ones are plastic partials or the metal partials, on the basis of the material used to attach to the teeth.

The dental fittings market is on an all-time high due to many regulatory reforms in most of the countries like reimbursement coverage, access to advanced technology, increased disposable income and increased rate of awareness about dental fittings treatment. Aspects such as rising awareness about dental fittings, cheaper availability of treatment and increasing health care expenditure may boost the growth of the dental fittings market in Asia Pacific. Attributing to rapid development in healthcare, infrastructure, government reforms and access to advanced dental fittings, China and India are most profitable markets in Asia. Also, easy availability of skilled orthodontists and supporting economy is expected to spur the growth of the dental fittings market in China and India.

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Many of the companies are manufacturing dental fittings, and are adopting acquisitions and mergers, extensive R&D as measures to expand their geographic reach and introduction of novel products in to the market. Asia Pacific dental fittings market is expected to rise with context to volume, on basis of low product prices, less market penetration, disposable earning and improving healthcare expenditure. Also the awareness of dental aesthetics systems and dental cosmetic surgery will expectedly drive this market in North America and Europe. The advanced CAD/CAM technology and 3 Dimensional digital imaging may lead to growth in the industry. The CAD technology can support in making digital prostheses much faster. The global dental fittings market is dominated by few key players such as GC Orthodontics, Dentaurum, Henry Schein, Hangzhou Shinye, and Dental Morelli.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Interventional Radiology Market: Business Challenges, Emerging Technologies & Competitive Landscape

Global Interventional Radiology Market: Snapshot

The use interventional radiology procedures is witnessing a huge surge across the globe owing to their minimally invasive nature and benefits such as less recovery time and hospital stay. A number of interventional radiology procedures are being regularly used for the treatment of diseases such as cancer, cardiovascular diseases, and traumatic inquiries, the prevalence of which is rising at an alarming rate globally. The field of interventional radiology also holds immense promise owing to the wide range of applications and technological advancements.

As a result, the global interventional radiology market is poised to observe significant growth in the next few years. Transparency Market Research estimates that market will exhibit a CAGR of 5.8% over the period between 2016 and 2024. If the prediction holds true, the market, which valued at US$13.8 bn in 2015, is expected to reach US$22.9 bn by 2024.

Rising Numbers of Traumatic Injuries to Boost Demand for Embolization Procedures

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In terms of application, the global market for interventional radiology is examined for angiography, balloon angioplasty, embolization, vertebroplasty, biopsy, kyphoplasty, and RF ablation. Of these, the segment of embolization is expected to account for a share of 24.2% of the global market by 2024. The segment also holds the dominant position in the market presently and accounted for a 23.8% of the global market in 2015.

The rising prevalence of traumatic injuries across the globe is expected to drive the increased demand for embolization surgeries worldwide. According to the National Trauma Institute, traumatic injuries account for nearly 41 mn visits to emergency departments and over 2.3 mn hospital admissions. Traumatic injury is also a serious public health issue globally and is expected to lead to an increased demand for embolization surgeries in the near future.

The angiography segment is projected to account for a share of 21.0% in the global market by 2024. The rising global prevalence of strokes and high demand for minimally invasive surgeries will allow the segment to expand at a favorable pace over the forecast period. Biopsy and vertebroplasty-kyphoplasty are relatively smaller segments of the market, with a collective share of nearly 11.8% in the global market in 2015. The segment of biopsy is expected to register a CAGR of 5.6% during the forecast period owing to the increasing prevalence of breast cancer.

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Asia Pacific to Lead to Promising Growth Opportunities

With a 38.4% share, the North America interventional radiology market held the top spot in the global market in 2015. Rising demand for minimal invasive procedures and an endless supply of technological advanced devices and equipment are the major factors supporting the growth of the North America market. The x-ray segment gained the leading position in North America in the same year, accounting for over half of the market. Owing to factors such as improvement in technology, rising incidences of a variety of cancers, and well-established healthcare facilities, the North America market for interventional radiology is expected to expand at a swift pace over the next few years as well.

Although North America will continue to account for a higher share in the global interventional radiology market as compared to other regional markets over the forecast period as well, it is expected to lose prominence to the market in Asia Pacific in terms of rate of growth. The Asia Pacific interventional radiology market is expected to exhibit a 7.1% CAGR from 2016 through 2024. Rising prevalence of a variety of cancers, rising geriatric population, improving healthcare facilities, and rising disposable incomes and the relative rise in healthcare spending will play a key role in driving the Asia Pacific interventional radiology market over the said period.

The global interventional radiology market features a consolidated competitive landscape, wherein a relatively small number of companies account for a majority share in the market. Some of the key players operating in the global Interventional Radiology market are Agfa-Gevaert N.V., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Medtronic plc., and Philips Healthcare.

Urolithiasis Management Devices Market expected to rise to US$1.78 bn up to 2024

The global demand for urolithiasis management devices has seen a steady rise in the past few years owing to the increasing prevalence of kidney stones. A 2015 study by the National Kidney Foundation of the U.S. states that one in 10 people in the country has kidney stones and that more than a half a million people are admitted to emergency rooms for kidney stone management every year. Across the globe as well, factors such as obesity, rising geriatric population, which is highly susceptible to kidney stones owing to reduced renal function and diabetes, and change in lifestyles are contributing to increased prevalence of kidney stone formation.

Transparency Market Research estimates that the global urolithiasis management devices market will exhibit a healthy 4.5% CAGR over the period between 2016 and 2024 and rise to a valuation of US$1.78 bn by 2024.

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Clinics and Ambulatory Surgical Centers to Remain Dominant End-use Segments

Of the key end-users of urolithiasis management devices, including hospitals, ambulatory surgery centers (ASCs), and clinics, the segment of clinics led the global market in terms of both revenue and volume in 2015. In terms of revenue, the segment accounted for over 55% in the said year. The leading position of the market segment can be attributed to factors such as the significant rise in the number of people opting for urolithiasis surgeries and advancements in treatment options that have reduced the time required for undertaking the procedures. Over the period between 2016 and 2024 as well, the segment is expected to hold a commanding position in the global market, retaining its status as the leading revenue generator.

The demand for urolithiasis management devices across ambulatory surgical centers is expected to exhibit a strong growth over the next few years, with the end-user segment emerging as one of the most promising investment grounds for the global urolithiasis management devices market. The segment is expected to exhibit strong growth owing to high demand for ambulatory surgical centers and preference for day care surgeries across developing as well as developed parts of the world. Applications of urolithiasis management devices across the hospitals end-use segment is expected to witness stagnant growth as clinics and ambulatory surgical settings become more preferred owing to the lower cost of treatment and the need to be hospitalized for shorter lengths of time.

Rising Geriatric Population in Asia Pacific to Stimulate Increased Adoption

North America held a dominant share of nearly 36% in the global urolithiasis management devices market in 2015. Factors such as the rising prevalence of kidney stone, rising geriatric population, and campaigns undertaken to raise awareness about the risks associated with kidney stones by government bodies are central to the growth of the market in the region. Additionally, the introduction of new and innovative urolithiasis management devices such as laser lithotripters and flexible ureterenoscopes have also aided the healthy growth of the North America urolithiasis management devices market. The presence of high disposable income groups across developed economies such as the U.S. and Canada in North America, with a high prevalence of lifestyle-induced diseases such as obesity and a large base of geriatric population have also influenced the increased adoption of urolithiasis management devices.

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The urolithiasis management devices market in Asia Pacific is expected to exhibit an impressive CAGR of 4.6% over the period between 2016 and 2024. The mounting geriatric population in the region is the key factor driving the urolithiasis management devices market in the next few years. According to the United Nations ESCAP (Economic and Social Commission for Asia and the Pacific), is region is presently home to more than half of the world’s population of people aged over 60 years and the number is expected to rise to more than 2.45 bn by 2050. Owing to this, the regions is expected to lead to a substantial rise in demand for urolithiasis management devices in the next few years.

Some of the key vendors operating in the global urolithiasis management devices market are C. R. Bard, Inc., Allengers Medical Systems Ltd, Dornier Medtech GmbH, Boston Scientific Corporation, Cook Group, Inc., Electro Medical Systems S.A., DirexGroup, Olympus Corporation, Karl Storz, and Siemens Healthcare.

Global Medical Sensors Market: Development of IT-based Medical Sensor Devices to Emerge as Growth Opportunity, says TMR

The global medical sensors market is fragmented with the top three companies collectively accounting for 23.3% of the market in 2014. These three companies are Honeywell International Inc., Danaher Corporation, and NXP Semiconductors. Some of the other players in the market are GE Measurement & Control, Analog Devices, Inc., Omni Vision Technologies, Inc., TE Connectivity Ltd., and Avago Technologies Limited. Players in the market are intent on providing novel and advanced technology based medical sensors, states a new report by Transparency Market Research (TMR). It is expected that many local manufacturers will capture significant market shares. The absence of external substitutes will ensure a low level threat of substitutes.

According to the report, the global medical sensors market is expected to rise from US$10,000.0 mn in 2014 to US$18,741.3 mn by 2023. On the basis of product, the biosensors segment led in the past and will continue to do so, and be worth US$9,202.5 mn. However, the squid sensors segment will expand at the maximum CAGR of 8.6% from 2015 to 2023. On the basis of application, the surgical segment will continue to remain dominant and be worth US$6,259.6. In addition to this, it is expected that the monitoring segment will expand at a healthy CAGR of 8% from 2015 to 2023.

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Asia Pacific to Emerge as Lucrative Regional Market for Medical Sensors in Future

By end user, the hospitals segment will lead and be worth US$5,809.9 mn by 2023. The nursing home and home care segment is expected to expand at a 7.8% CAGR between 2015 and 2023. On the basis of geography, North America is leading in the medical sensors market and will continue to do so. The market in North America is expected to be worth US$6,371.9 mn by 2023. On the other hand, Asia Pacific medical sensors market will prove to be lucrative in the coming years and expand at an 8.2% CAGR between 2015 and 2023. “The growing interest of key companies to expand their presence in the developing nations of Asia Pacific is expected to drive the market in the region”, says a TMR analyst.

High Risk of Various Diseases among Growing Geriatric Population to Drive Demand for Medical Sensors

The increasing prevalence of diseases such as obesity, diabetes, kidney, respiratory, and cardiovascular diseases is driving the global medical sensors market. Thus, there is a high demand for reliable and accurate medical equipment for the growing patient population, which in turn is boosting the market for medical sensors. Sensors help in giving early warnings and lead to an accurate diagnosis of diseases and thus, their need will continue to remain in the coming years. The growing population of elderly people worldwide will be another driving factor for the medical sensors market. With age, the chances of having orthopedic diseases, neurological disorders, endocrine diseases, and oral diseases increases and this will create a heightened demand for medical devices and surgeries where real time sensors play a vital role. On the other hand, the high cost of medical sensors will act as a restraint.

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Emergence of IT-based Medical Devices to Create New Opportunities

The application of IT in medical industry has revolutionized treatment methods for various diseases. The introduction of medical electronics with features such as wireless and multimedia will create a heightened demand for medical sensors. Various players in the market are investing extensively in research and development so as to develop IT-based medical sensor devices. Moreover, IT has increased the scope of medical sensors in newer medical applications such as a digital pill or ingestible sensor pill for tracking drug delivery.

This information is based on the findings of a report published by Transparency Market Research titled “Medical Sensors Market - Global Industry Analysis, Pipeline Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019.”

Mechanical Ventilators Market is poised to reach a value of US$1.8 bn by 2024

Key players in the global mechanical ventilators market include Dragerwerk AG & Co. KGaA, Philips Healthcare, GE Healthcare, Smiths Medical, Becton, Dickinson and Company, Fisher and Paykel Healthcare Limited, Getinge Group, Medtronic Plc, ResMed, and Hamilton Medical AG.

Transparency Market Research finds that the global mechanical ventilators market is characterized by the strong presence of a number of local and regional players. These companies are just as capable as global players in efficiently catering to the changing consumer needs and entering neighboring markets. However, regulatory requirements differing from country to country tend to restrict the entry of these players in several national markets. Nevertheless, large multinational players are entering into strategic partnerships or acquiring small start-up companies in order to match the competition in local markets for mechanical ventilators.

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The global market for mechanical ventilators was worth US$1.1 bn in 2015 and is poised to reach a value of US$1.8 bn by 2024, registering a 4.8% CAGR therein. In terms of volume, the mechanical ventilators market is projected to expand at a CAGR of 5.5% during the forecast period.

Non-invasive Mechanical Ventilators Gaining Preference over Invasive Variants

By type of product, critical care mechanical ventilators contributed the most toward the global market. In terms of percentage share contribution, the segment is anticipated to account for a 48.2% share by 2024. The portable mechanical ventilators segment is expected to exhibit the strongest CAGR of 7.6% from 2016 to 2024 by value.

Based on mode, invasive mechanical ventilators presently form the leading segment of the global market. However, registering a rapid growth rate through 2024, the non-invasive mode segment is expected to reflect a gain in market share by the end of the forecast period. On the basis of end use, hospitals account for the major share in the global mechanical ventilators market in terms of revenue. Home healthcare, on the other hand, is forecast to register the highest growth rate by 2024.

From a geographical standpoint, North America is expected to account for a 39.7% share in the global mechanical ventilators market by 2024 and will continue its dominance during the forecast period. Asia Pacific is the most attractive market and is slated to expand at a CAGR of 5.5% from 2016 to 2024.

Increased Demand for Mechanical Ventilators in Hospitals and Trauma Centers

The World Health Organization reports that more than five million deaths are reported every year owing to chronic respiratory diseases. The deteriorating quality of air, particularly in countries where the economy is largely dependent on pollution-intensive industries, is one of the chief causes of the alarming spike in the prevalence of respiratory diseases, especially chronic obstructive pulmonary disease (COPD). This translates into an increased demand for medical devices, one of which is mechanical ventilators.

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“On the backdrop of the constantly growing incidence of reported respiratory diseases, the demand for mechanical ventilators in hospitals and trauma centers has increased and, in recent times, catalyzed the sales of the same,” the author of the report states.

In contrast, the shrinking profit margins of manufacturers, intensive competitive rivalry, budgetary constraints faced by small healthcare facilities, and injuries associated with the prolonged use of ventilators threaten the growth of the global mechanical ventilators market.

Ambulatory Surgical Centers Growing Popularity Stimulates Demand for Operating Room Equipment, says TMR

Global Operating Room Equipment Market: Snapshot

Operating rooms usually form the bulk of a hospital’s expenses. As such, the companies that provide operating room equipment can gain major revenues by providing for leading names in the healthcare industry. The operating room equipment companies are also becoming rapidly aware of the current market need for reducing costs of equipment to make the market more approachable, while consumers are showing a decline in healthcare expenditure, owing to rising costs and unfavorable healthcare policies and reimbursement schemes.

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The advent of hybrid operating rooms is also beneficial to the providers of operating room equipment. Hybrid operating rooms can lend more flexibility to the doctor and the patient as well. They also impart a better level of health safety to the patient and maintaining a high level of operational efficiency. As a result, the global operating room equipment market is progressing at a CAGR of 6.68% from 2015 to 2023. This market was valued at US$23 bn in 2014 and is expected to reach around US$42 bn before the end of 2023.

Medical Tourism Creates High Demand for Operating Room Equipment in APAC

The Asia Pacific sales of operating room equipment have been relatively lower than those in North America and Europe, but this is expected to change over the coming years. This regions is showing a high and optimistic scope for players to expand their portfolio, and one of the key reasons for this is the growth of medical tourism. Patients from developed economies preferring the cheaper medical practices in Asia Pacific have significantly improved the revenue stream of this region, providing a highly attractive market space for global and regional operating room equipment players alike.

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The current scope of providing operating room equipment lies in healthcare organizations in the Asia Pacific that offer surgical practices for joint replacement, cosmetics, dental procedures, and cardiac issues. The influx of revenue through medical tourism has also prompted the national governments to invest in this sector, improving the chances of operating room equipment players gaining a solid revenue stream.

North America was the dominant region for operating room equipment revenue generation in 2014, followed by Europe. Both regions have consistently been at the top in terms of using modern medical concepts in advanced healthcare infrastructures. This has allowed key players from the region to put a greater focus on innovation and product improvements, further expanding the scope of revenue generation in these regions.

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Movable Imaging Systems to Remain Top Operating Room Equipment Product Segment

In 2014, movable imaging systems as a market segment had garnered over US$6 bn or around 28% of the total revenue. This segment is currently expected to be the fastest growing in terms of revenue. A major reason for this segment’s rapid growth is the high amount of funding provided by government bodies to promote the use of movable imaging systems, especially in North America. Even on a regional level, there are major efforts being taken to modernize hospitals that are supported by state or local organizations.

The segment of operating room integration systems, however, is expected to be the fastest growing segment between 2015 and 2023, owing to a high demand for smart infrastructure and improved connectivity within hospital and medical devices. Key providers of operating room equipment in the world include Stryker Corporation, Steris Corporation, Olympus Corporation, GE Healthcare and Allen Medical.

Surgical Procedures Volume Market: Industry Players Shifting Focus towards Developing Economies

Rising geriatric population across the world has been identified as a major factor fueling the growth of the surgical procedures market. This is primarily due to elderly people are highly susceptible to various chronic disorders. Moreover, growth in the global population over 65 years of age would highly affect market growth. According to the U.S. Census Board, people older than 65 years represented around 13% of the total population; this percentage is expected to reach 20% by 2030. According to the World Health Organization, the global geriatric population is anticipated to reach 1.5 billion by 2050. Countries aging at a rapid pace are the U.S., Japan, and Germany. Other factors driving the surgical procedures volume globally include increasing incidence of chronic disorders and rise in the number of trauma injury cases. The surgical procedures volume market has been segmented into cardiovascular, orthopedic, neurosurgery, ophthalmic, gynecology, and other procedures such as urology and dental.

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The cardiovascular procedures segment has been further categorized into cardiac rhythm management devices implantations, interventional cardiology procedures, and heart transplantation. The interventional cardiology procedures sub-segment held the largest share of the cardiovascular procedures segment due to rising usage of cardiac catheterization in structural heart disease and is becoming complex due to increase in incidence of therapeutic catheterization. According to the American Heart Association, over 5 million people in the U.S. are diagnosed with heart valve disease each year, thereby making coronary angiography the leading segment in the interventional cardiology procedures market. The neurosurgery procedures segment has been sub-segmented into craniotomy, aneurysm coil embolization, CSF drainage, and CSF shunts. CSF drainage was the largest sub-segment of the neurosurgery segment, while the craniotomy sub-segment is anticipated to grow at the fastest rate during the forecast period due to recent developments in intraoperative imaging technologies. Orthopedic procedures have been categorized into three segments: joint replacement surgery, ligament/tendon repair surgery, and spine surgery. Joint replacement was the largest sub-segment of the orthopedic procedures segment. The sub-segment is further segmented into knee replacement, hip replacement, and shoulder replacement surgery. Knee replacement surgery dominated the joint replacement surgery segment as it is considered the most effective intervention for severe osteoarthritis, reducing pain and disability, and restoring patients to near normal function. The ophthalmic procedures segment has been categorized into three sub-segments: cataract surgery, refractive surgery, and glaucoma surgery. The cataract surgery sub-segment held the largest share of the global ophthalmic procedures market and in expected to expand at the highest CAGR due to technological advances and better efficacy of the procedures. Gynecology procedures have been categorized into three segments: hysterectomy surgery, uterine artery embolization, and cesarean section surgery. The continued growth of the global gynecology procedures market is attributed to changing lifestyle, increase in per capita income in the emerging markets, and rising prevalence of gynecological diseases such as menorrhagia, uterine fibroids, and cervical cancers globally. The other procedures segment includes urology procedures and dental procedures. The dental procedures sub-segment is anticipated to witness highest growth rate during the forecast period due to technical advancements leading to higher productivity and efficacy.

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Asia Pacific dominated the global surgical procedures market in 2014, accounting for a share of over 30% primarily due to large patient base, increasing incidence of cardiovascular diseases, traumatic injuries, neurological disorders, and introduction of advanced surgical technologies. Increase in the geriatric population also plays a major role in the growth of the surgical procedures market. Population over 65 years of age in Asia is likely to increase dramatically by 314%, from 207 million in 2000 to 857 million in 2050. This will increase the number of surgery procedures in the region. North America was the fastest growing market for surgical procedures in terms of volume during the forecast period from 2014 to 2023, due to growing innovation and adoption of new surgical technologies, high growth of minimally invasive surgeries, and C-section surgeries. Moreover, efficient reimbursement facilities, large health care infrastructure, rise in the health care expenditure, and high number of hospital beds per capita are anticipated to accelerate the medical infrastructure development in the U.S. making it the dominating segment in North America. Europe was the second largest market for surgical procedures in terms of volume in 2014, accounting for a share of 31.1% of the global market. Primary factors driving growth in the region include increase in the geriatric population and rise in the incidence of fall injuries, traffic-related injuries, cardiovascular diseases, and orthopedic cases. According to the European Commission database, the average number of surgical procedures for cardiac disorders has increased by around 20% from 2005 to 2010. Germany held the largest share of the surgical procedures market in Europe in 2014 due to the better reimbursement mechanism. Brazil accounted for the largest share of the surgery procedures market in Latin America. Growth of the market is attributed to high prevalence of chronic diseases, rise in geriatric population, and increase in health care expenditure. Mexico is expected to be the fastest growing market in Latin America due to low cost of medical treatments and high prevalence of chronic and infectious diseases.

Endometrial Ablation Market - Needs to treat abnormal uterine bleeding

Endometrial ablation is a procedure to surgically destroy the endometrial layers or uterine lining without removing reproductive organ. Heavy menstrual bleeding may arise due to hormonal imbalance, uterine fibroids and polyps, infections of the uterus and cervix, bleeding disorders, and uterine cancer. Endometrial ablation is non-hormonal, minimally invasive procedure alternative to hysterectomy for abnormal uterine bleeding such as menorrhagia. It is used when the heavy bleeding is not controlled by medications and/or hormonal treatments. This is an outpatient procedure and offers low complications and high efficacy rates as compared to other surgical procedures. It is mostly performed among the women who would not wish to have children in future as it may reduce the chances of getting pregnant. This is because the lining that helps fetus to grow are removed during the procedure. Therefore this procedure cannot be performed in pregnancy.

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Endometrial ablation is an emerging method and mostly preferred over other surgical procedures among women with abnormal uterine bleeding. Moreover, it is observed that women with high risk of heavy menstrual bleeding opts for endometrial ablation to ensure quality and safety treatment option. Endometrial ablation has been shown to be less costly in both the short term and at five years treatment plan as compared to hysterectomy (abdominal, laparoscopic and vaginal). . Due to short turnaround time and speedy recovery endometrial ablation is preferred by many physicians worldwide. Endometrial ablation can be performed under local anesthetic and takes only few minutes to perform thye surgery and thereby reduces the patient’s stress and discomfort. Although, this is considered as a preferable procedure over hysterectomy, dilatation and curettage, however it also possesses certain risk factors such as perforation of the uterus (accidental puncture), thermal injury to uterus, cervical laceration. It is observed that the above mentioned problems are persists among less number of patient however proper treatment and guidance may overcome the situation. Younger women with heavy bleeding may not opt for endometrial ablation as there are high chances of recurrence in younger women.

A variety of endometrial ablation techniques and devices have been evaluated and used to perform surgery. The procedures initially developed are usually referred to as first-generation devices. In recent times it is observed that second generation devices such as thermal balloon ablation and bipolar ablation are more popular among people. The Endometrial ablation market has been segmented by device type, technology, and geography. By device type, market can be segmented as first generation, balloon ablation and bipolar ablation devices. Based on technology the market has been segmented into, microwave technology, cryotherapy technology, radiofrequency technology, thermal technology, ultrasound technology, hydromechanical technology, electrical technology, light technology, and radiation technology. The global endometrial ablation market is driven by the aging population, as heavy menstrual bleeding is majorly observed among geriatric females. Technological advancement towards minimally invasive surgical devices would also derive the global market demand for endometrial ablation market.

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Geographically the market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America contributed the largest share of endometrial ablation market due to increasing healthcare awareness and technological advancement in the region. Followed by Europe contributed the second largest share to endometrial ablation market growth with aging European population. However, Asia Pacific region is expected to be the fastest growing market due to the gradual adoption of improved, next-generation technologies, emerging health care infrastructures, and raising population susceptible to various diseases/conditions.

The key players operating in the endometrial ablation market includes Hologic, Inc., Olympus Corporation, Ethicon US, LLC., Bioteque America Inc., KARL STORZ GmbH & Co. KG, Boston Scientific Corporation, Smith & Nephew plc., CooperSurgical Inc., and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Global Demand for Bioprosthetics Market

Bioprosthetics are the material obtained from human or other species for medical implantations. Bioprostheses has shown significant advances from past few years, as their basic characteristic, they become degraded until their complete elimination in the host body. Bioprosthesis will gradually degrade in the recipient will determine the formation of a neotissue in its place, which will completely replace the biomaterial in the long term. Ideally , the bioprosthetics are to achieve not only the repair of the damaged zone but also the regeneration of an adequately organized tissue that will promote angiogenesis and even recruit growth factors acquiring characteristics similar to those of healthy tissue.

The raising prevalence of cardiovascular disorders, such as coronary and peripheral artery diseases, rheumatoid heart disease, and equivalently the demand for prolong relief is expected to broaden the base for the bioprosthetics market. Since the bioprothetic products are made up of biological materials, rate of rejection of implants is comparatively less than that of synthetic implants. The increasing aging population indicated with a raising degenerative cardiac diseases is fueling the bioprosthetic market. Whereas major factors that negatively affect the growth of this market include need of multiple surgeries, threat of infections and incompatibility (tissue rejection), irreversible nature and threat of uneven skin tone and scars after surgeries.

The new emergence in technologies with the novel innovations has evolve the progress in the field hybrid tissue-engineered bioprostheses, in which non-biodegradable cultured tissue scaffolds are used. These hybrid tissue-engineered bioprostheses are with high resistance and durability and can be alternatives for the biodegradable tissue-engineered prosthetics. The new technology which provide a sense of touch to the bio-prosthetics limb is being develop, which would revolutionize this field and allow many patients with limited options for restoring function to have near normal life-experiences. These technological advancements are expected to potentially decrease the morbidity and mortality rate associated with heart valve disorders, abdominal wall diseases, orthopedic disorders and others, which are expected to increase the share of bioprosthetics market.

The global bioprosthetic market can be segmented based on origin, applications, and geography. Applications segment comprises cardiovascular, nephrological, orthopedics, neurological, urogenital, ophthalmic, and others. Bioprosthetic according to the origin are classified as xenogenic (animal origin), allogenic (human origin), and tissue source (dermis, pericardium, or intestinal submucosa). Geographically, the bioprosthetic market is segmented into North America, Europe, Asia Pacific, and Middle-east and Africa. Where North America is expected to be the largest regional market for bioprosthetic market due to an increase technological innovations raising cardiovascular and orthopedic procedures. North America is a potential market for advanced products manufactured through innovation and transforming bioprosthetic technology. Europe accounts at the second largest position in the bioprosthetic market globally. Followed by Europe, the emerging economies in Asia Pacific and Latin America hold immense potential for the bioprosthetic market. The factors like increasing population, rise in incidence of obesity, rising incidences of road accidents with the high unmet medical needs and developing healthcare infrastructure are major drivers for the bioprosthetics in the emerging market.

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Some key players of the bioprosthetics market include Life Cell Corporation, Edwards Lifesciences Corporation, LeMaitre Vascular, Inc., CryoLife, Inc., Labcor Laboratorios Ltd., Maquet Metinge Group, Organogenesis, Inc., Braile Biomedica, Inc., Medtronic Plc., Humacyte, Inc., Aortech International Plc, JenaValve Technology GmbH, Sorin Group, Ethicon, Inc., St. Jude Medical, Inc., and others.

These key players are focusing on implementing the strategies like geographical expansion, new product launch, and strategic acquisitions and collaborations, to make strong hold on existing market and to explore the potential emerging markets.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.