#COVID-19 Impacts On Ultrasound Device Market
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Breast Biopsy Devices Market | Future Growth Aspect Analysis to 2030
The Breast Biopsy Devices Market is expected to grow from USD 1.8 billion in 2023-e to USD 3.4 billion by 2030, at a CAGR of 9.7% during the forecast period. Breast cancer is one of the most prevalent forms of cancer among women globally, making early detection and accurate diagnosis critical for effective treatment. A breast biopsy is a key procedure that allows healthcare professionals to determine whether a suspicious lump or mass in the breast is malignant.
Over the years, advancements in breast biopsy devices have revolutionized the diagnostic process, leading to improved patient outcomes. The breast biopsy devices market has witnessed significant growth in recent years, driven by technological innovations, rising awareness, and the increasing prevalence of breast cancer. In this blog, we will explore the key trends, opportunities, and challenges in this expanding market.
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Key Market Trends
Technological Advancements The evolution of breast biopsy devices is largely fueled by continuous innovation in technology. Devices like vacuum-assisted biopsy (VAB), core needle biopsy (CNB), and fine needle aspiration biopsy (FNAB) have seen improvements in accuracy, precision, and minimally invasive procedures. The introduction of real-time imaging, such as ultrasound, MRI, and stereotactic guidance, has enhanced the ability to detect and sample tissue from suspicious areas, reducing the need for repeat biopsies.
Rising Prevalence of Breast Cancer The increasing incidence of breast cancer, especially in developing countries, is one of the primary drivers of market growth. According to the World Health Organization (WHO), breast cancer accounts for approximately 30% of all new cancer cases in women globally. With a greater emphasis on early detection, the demand for breast biopsy devices is projected to grow steadily.
Growing Awareness and Screening Programs Initiatives by governments and healthcare organizations to promote breast cancer screening and awareness campaigns have played a significant role in encouraging women to undergo regular check-ups. Programs like mammography screening help detect abnormalities early, leading to more biopsies for diagnostic confirmation. This increase in screenings is positively impacting the breast biopsy devices market.
Shift Toward Minimally Invasive Procedures Minimally invasive procedures are becoming the gold standard in healthcare due to reduced patient discomfort, faster recovery times, and lower risk of complications. In the context of breast biopsies, vacuum-assisted biopsy devices have gained popularity due to their precision and the ability to collect multiple tissue samples through a single incision.
Market Opportunities
Emerging Markets Emerging economies, particularly in Asia-Pacific and Latin America, offer lucrative opportunities for the breast biopsy devices market. These regions are witnessing rapid urbanization, improved healthcare infrastructure, and increased healthcare expenditure, leading to a growing demand for diagnostic tools like breast biopsy devices.
Innovations in AI and Machine Learning Artificial intelligence (AI) and machine learning (ML) are transforming the medical field, including breast cancer diagnostics. Companies are developing AI-powered systems that assist in biopsy image analysis, improving the accuracy of cancer detection. The integration of AI into breast biopsy devices can further enhance diagnostic precision, offering significant potential for market growth.
Expansion of Telemedicine The COVID-19 pandemic has accelerated the adoption of telemedicine, making remote consultations and diagnostics more common. As telemedicine platforms evolve, they may incorporate diagnostic devices, including biopsy tools, enabling faster and more convenient diagnosis for patients. This trend could further boost the demand for biopsy devices globally.
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Challenges Facing the Market
High Cost of Devices Despite technological advancements, the high cost of breast biopsy devices and procedures remains a major barrier to widespread adoption, especially in low- and middle-income countries. Many healthcare systems struggle with affordability, limiting access to these advanced diagnostic tools.
Regulatory Hurdles Stringent regulatory frameworks pose challenges to market growth. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) require thorough testing and approval of new devices, which can be a time-consuming and costly process. Manufacturers need to ensure compliance with these regulations while keeping up with technological advancements.
Lack of Skilled Professionals While breast biopsy devices are becoming more sophisticated, they require skilled professionals to operate them. In many parts of the world, there is a shortage of trained radiologists and pathologists, limiting the widespread adoption of advanced biopsy technologies.
Conclusion
The breast biopsy devices market is poised for growth in the coming years, driven by technological innovations, rising breast cancer cases, and increasing awareness about the importance of early diagnosis. While challenges such as high device costs and regulatory hurdles exist, the opportunities in emerging markets and the potential of AI-driven solutions offer promising prospects. As the healthcare landscape continues to evolve, the breast biopsy devices market will play a pivotal role in improving breast cancer detection and patient outcomes.
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The Point of Care Technology Market is poised for significant growth, with its market size projected to increase from USD 42,575 million in 2024 to USD 66,840.55 million by 2032, reflecting a CAGR of 5.8%. The Point of Care (PoC) technology market is revolutionizing healthcare by bringing diagnostic and treatment capabilities closer to the patient. This shift from traditional centralized laboratory settings to more accessible, patient-centered care has transformed how healthcare services are delivered, especially in remote and underserved areas. The rapid advancements in technology, coupled with an increasing demand for timely and accurate diagnostic results, are driving the growth of the PoC technology market globally.Point of Care technology refers to medical diagnostic testing and treatments performed at or near the site of patient care. This can occur in various settings such as hospitals, clinics, home care environments, or even in the field during emergencies. The goal of PoC technology is to provide immediate, actionable data to healthcare providers, allowing for quicker decision-making and improved patient outcomes. These technologies include portable blood glucose monitors, rapid influenza tests, pregnancy tests, and portable ultrasound devices.
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Market Growth and Trends
The global PoC technology market has experienced significant growth in recent years and is projected to continue expanding at a robust pace. According to market research, the PoC technology market was valued at approximately USD 29.5 billion in 2023 and is expected to reach around USD 57.5 billion by 2028, growing at a compound annual growth rate (CAGR) of 14.1%. Several factors contribute to this growth:
1. Technological Advancements: The continuous evolution of technology has led to the development of more accurate, reliable, and easy-to-use PoC devices. Innovations such as lab-on-a-chip, miniaturization of diagnostic equipment, and the integration of artificial intelligence (AI) have significantly enhanced the efficiency and effectiveness of PoC technologies.
2. Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and infectious diseases has fueled the demand for PoC diagnostics. These conditions require regular monitoring and timely interventions, making PoC devices essential tools in disease management.
3. Growing Demand for Home Healthcare: The trend towards home healthcare, especially among the aging population, has driven the adoption of PoC technologies. Elderly patients prefer the convenience and comfort of receiving care at home, and PoC devices enable them to manage their health more effectively without frequent visits to healthcare facilities.
4. Impact of COVID-19: The COVID-19 pandemic has had a profound impact on the PoC technology market. The need for rapid testing and monitoring during the pandemic led to a surge in the demand for PoC devices, such as COVID-19 rapid antigen tests. This demand is expected to persist post-pandemic, as healthcare systems worldwide focus on strengthening their diagnostic capabilities.
Challenges in the PoC Technology Market
Despite its promising growth, the PoC technology market faces several challenges:
1. Regulatory Hurdles: The approval process for PoC devices can be complex and time-consuming, as they must meet stringent regulatory standards to ensure safety and efficacy. Navigating these regulatory pathways can be a significant barrier for manufacturers.
2. Integration with Healthcare Systems: Integrating PoC devices with existing healthcare information systems can be challenging. Ensuring that data from PoC tests are accurately and seamlessly integrated into electronic health records (EHRs) is crucial for providing comprehensive patient care.
3. Cost Concerns: While PoC technologies can reduce overall healthcare costs by improving efficiency and reducing the need for hospitalization, the initial cost of implementing these devices can be high. This is particularly a concern in low- and middle-income countries where healthcare budgets are limited.
Future Prospects
The future of the PoC technology market looks promising, with several trends likely to shape its trajectory:
1. Telemedicine Integration: The integration of PoC technologies with telemedicine platforms is expected to gain momentum. This combination allows for remote monitoring and consultations, further expanding access to healthcare services.
2. Wearable PoC Devices: The development of wearable PoC devices, such as continuous glucose monitors and portable ECG monitors, is set to revolutionize chronic disease management by providing real-time data and alerts to both patients and healthcare providers.
3. AI and Machine Learning: The incorporation of AI and machine learning in PoC devices will enhance diagnostic accuracy, predictive analytics, and personalized treatment plans. These technologies will enable PoC devices to not only diagnose but also predict and prevent health issues.
Key Player Analysis:
Abbott Laboratories
Danaher Corporation
F. Hoffmann-La Roche Ltd.
Siemens Healthineers
Thermo Fisher Scientific, Inc.
BD (Becton, Dickinson and Company)
Johnson & Johnson
Orchard Software Corporation
Randox Laboratories Ltd.
Radiometer Medical ApS
Segmentations:
By Product
Blood Glucose Monitoring
Infectious Disease Testing
Cardiometabolic Disease Testing
Pregnancy & Fertility Testing
Hematology Testing
Others
By Technology
PCR-based
Hybridization-based
Genetic Sequencing-based
Microarray-based
By Application
Oncology
Hematology
Infectious Diseases
Prenatal Testing
Other Applications
By Sample
Blood
Nasal and Oropharyngeal Swabs
Urine
Others
By End-User
Hospital Bedside
Physician’s Office Lab
Urgent Care & Retail Clinics
Home & Self testing
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
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Liposuction Surgery Devices Market will grow at highest pace owing to rising preference for non-invasive aesthetic procedures
Liposuction surgery devices are used to remove excess fat deposits from specific areas of the body through a minimally invasive surgical procedure known as liposuction. Liposuction devices primarily include laser-assisted liposuction devices, ultrasound-assisted liposuction devices and stand-alone liposuction devices. Laser-assisted liposuction uses laser energy to liquefy fat, making it easier to suction out. Ultrasound-assisted liposuction uses ultrasound-generated heat and vibrations to break up fat deposits for removal. The advantages of liposuction surgery devices include reduced blood loss, reduced recovery time and bruising with minimal scarring. With rising standards of living and increasing emphasis on physical appearance, the demand for body contouring procedures is growing significantly. This, along with the non-invasive nature and minimal recovery time associated with liposuction is fueling the demand for liposuction surgery devices.
The Global Liposuction Surgery Devices Market is estimated to be valued at US$ 1.41 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the liposuction surgery devices are Cynosure Inc., Solta Medical, Sciton Inc., InMode Ltd., & Alma Lasers.
The preference for minimally invasive liposuction procedures over traditional invasive methods is growing rapidly. Cynosure Inc leads the global market with its Smartlipo Triplex device that combines laser, radiofrequency and ultrasound technologies for body contouring Sciton Inc also has a strong presence with products like ProLipo Plus that integrate laser and ultrasound lipolysis.
Demand for liposuction surgery is rising significantly across major markets as aesthetic consciousness increases. According to the International Society of Aesthetic Plastic Surgery, over 311,000 liposuction procedures were performed in the US in 2019, an increase of 4% over the previous year. Growth has also been robust in emerging Asian markets like South Korea, China and India, with rising disposable incomes and propensity to spend on appearance enhancement treatments.
Technological advancements are further fueling the liposuction surgery devices market. Newer devices integrate multiple modalities like laser, ultrasound and radiofrequency for more effective fat removal. Hybrid devices also enable treatment of larger areas in less time. Portable and handheld devices also allow for convenient 'lunchtime' procedures. Manufacturers are also developing dual wavelength laser devices and technologies that discretely target fat without damaging surrounding tissues.
Market Trends
1. Hybrid energy-based liposuction devices: There is an increasing trend of incorporating multiple energy modalities into a single hybrid device to enable synergistic action for more effective fat removal. Combined laser, radiofrequency, ultrasound and other technologies allow for larger treatment areas in lesser time.
2. Innovations in laser liposuction: New generation devices feature dual and adjustable wavelength lasers, integrated cooling systems and other innovations to discrete targeting of fat cells without collateral thermal damage. Patch and stamp technologies also allow for uniform treatment of larger areas.
Market Opportunities
1. Emerging economies: With improving demographics and incomes, emerging Asian, Latin American and Middle Eastern markets present significant opportunities for liposuction device players. Local manufacturing and strategic partnerships can help strengthen presence. 2. Integrating body contouring: Bundling liposuction with other non-invasive body contouring treatments like CoolSculpting, truSculpt and Skulpt Aim can help drive higher patient volumes for clinics. Device players can collaborate with such service providers. Impact of COVID-19 on Liposuction Surgery Devices Market Growth
The COVID-19 pandemic has negatively impacted the liposuction surgery devices market growth. During the initial outbreak in 2020, many elective cosmetic surgeries including liposuction procedures were postponed to avoid unnecessary hospital visits and focus resources on managing COVID patients. This led to a decline in demand for liposuction surgery devices in 2020. However, as lockdowns eased from mid-2021, the demand started picking up gradually as cosmetic surgeons started operating elective procedures with necessary safety protocols. The pre-COVID growth rate of the liposuction surgery devices market was high due to the increasing adoption of minimal invasive liposuction techniques and technological advancements leading to improved clinical outcomes. However, the pandemic brought challenges like supply chain disruptions and prioritizing critical healthcare needs over elective procedures. This reduced the market growth rate temporarily. Post-COVID, the market is recovering well with restored consumer confidence in hospitals and clinics. Going forward, increased focus on preventive healthcare and wellness is expected to boost the demand for liposuction procedures.
To sustain the market growth in the long run, manufacturers are focusing on developing advanced yet affordable devices. Promoting liposuction as a body sculpting tool rather than just weight reduction is another strategy. Cross-training medical professionals can help address capacity issues. Teleconsultations can aid patient education and allay safety concerns. With such efforts, the liposuction surgery devices market is projected to make a strong comeback to the pre-pandemic growth levels in the coming years.
Geographical Regions with Highest Value Share in Liposuction Surgery Devices Market North America currently accounts for the largest value share in the global liposuction surgery devices market, primarily led by the United States. This is attributed to factors like higher patient awareness, willingness to spend on aesthetic procedures, and strong presence of key market players. According to the American Society of Plastic Surgeons, the United States witnessed over 260,000 liposuction surgeries performed in 2020. Additionally, well-developed healthcare infrastructure and favorable reimbursement policies support the market growth in the region.
Fastest Growing Regional Market for Liposuction Surgery Devices
The Asia Pacific region is expected to witness the fastest growth in the liposuction surgery devices market during the forecast period. This can be accredited to rapidly growing medical tourism industry in the region coupled with improving access to quality and affordable healthcare. Countries like China, India, South Korea, and Thailand are experiencing an increasing number of elective cosmetic procedures due to rising income levels, growing millennial population and changing perceptions about aesthetics. Additionally, many leading global manufacturers are expanding their regional presence through acquisitions and partnerships, which is propelling the Asia Pacific liposuction surgery devices market.
What Are The Key Data Covered In This Liposuction Surgery Devices Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Liposuction Surgery Devices's growth between 2024 and 2031.
:- Accurate calculation of the size of the Liposuction Surgery Devices and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Liposuction Surgery Devices Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Liposuction Surgery Devices vendors
FAQ’s
Q.1 What are the main factors influencing the Liposuction Surgery Devices?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Liposuction Surgery Devices companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Liposuction Surgery Devices’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it
#Liposuction Surgery Devices Market Trend#Liposuction Surgery Devices Market Size#Liposuction Surgery Devices Market Information#Liposuction Surgery Devices Market Analysis#Liposuction Surgery Devices Market Demand
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Pulmonology Devices Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033
Overview and Scope Pulmonology devices are medical instruments and equipment used in the diagnosis, treatment, and management of respiratory system conditions and diseases. These devices play a crucial role in assessing lung function, monitoring respiratory health, providing therapeutic interventions, and supporting patients with respiratory disorders.
Sizing and Forecast The pulmonary devices market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising incidence of chronic respiratory diseases, growing shift towards preventive healthcare, increase in adoption of pulmonology devices, surge in incidence of diseases requiring endoscopic ultrasound procedures, increase in geriatric population.
The pulmonary devices market size is expected to see rapid growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to rise in prevalence of respiratory diseases, rising air pollution levels, growth in home healthcare, growing awareness and early diagnosis, expansion of healthcare infrastructure. Major trends in the forecast period include integration of artificial intelligence, growth of telemedicine and remote monitoring, advancements in portable and wearable devices, use of robotic technology in less-invasive diagnostic procedures, increase in home care services.
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Segmentation & Regional Insights The pulmonology devices market covered in this report is segmented –
1) By Product Type: Endobronchial Ultrasound (EBUS) Needles, Pulmonary Biopsy Devices, Airway Stents, Single-Use Bronchoscopes, Other Product Types 2) By Indication: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Tracheal And Bronchial Stenosis, Foreign Body Extraction, Other Indications 3) By End-User: Pulmonology Clinics, Hospitals, Ambulatory Surgical Centers
North America was the largest region in the pulmonology devices market in 2023. The regions covered in the pulmonology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth The rise in the prevalence of respiratory diseases is expected to propel the growth of the pulmonology devices market going forward. Respiratory diseases are a group of medical conditions that affect the organs and tissues involved in breathing, including the airways, lungs, and respiratory muscles. The cases of respiratory diseases are occurring due to rising air pollution, smoking, and occupational hazards. Pulmonology devices aid in respiratory disease management by enabling accurate diagnosis, continuous monitoring, and effective treatment through tools like spirometers, inhalers, pulse oximeters, and ventilators, ultimately improving patient outcomes and quality of life. For instance, according to the Scottish Public Health Observatory, a Scotland-based public health agency, COPD rates began rising in 2021-22 as the effects of COVID-19 lessened. The rate among males rose from 83.2 to 97.6 cases per 100,000, while it increased from 72.6 to 97.3 among females. Therefore, the rise in the prevalence of respiratory diseases is driving the growth of the pulmonology devices market.
Key Industry Players Major companies operating in the pulmonology devices market are Medtronic, Koninklijke Philips N.V., GE Healthcare, Baxter, Boston Scientific Corporation, Medline Industries LP., Olympus Corporation, Omron Healthcare, ResMed, Getinge, ICU Medical Inc., Fisher & Paykel Healthcare Limited, Ambu A/S, Vyaire Medical Inc., Drive DeVilbiss Healthcare, PENTAX Medical, Hamilton Medical, Nonin Medical, CAIRE Inc., Pulmonx Corporation, Verathon Inc., Draegerwerk AG & Co. KGaA, NIOX
The pulmonology devices market report table of contents includes:
1. Executive Summary
2. Pulmonology Devices Market Characteristics
3. Pulmonology Devices Market Trends And Strategies
4. Pulmonology Devices Market - Macro Economic Scenario
5. Global Pulmonology Devices Market Size and Growth ..........
32. Global Pulmonology Devices Market Competitive Benchmarking
33. Global Pulmonology Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pulmonology Devices Market
35. Pulmonology Devices Market Future Outlook and Potential Analysis
36. Appendix
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"AI-Enabled Imaging: Enhancing Precision or Just Expanding Surveillance?"
This market's growth is driven by increasing awareness of the early detection of chronic diseases, improved clinical decision-making and accuracy through AI, a shortage of healthcare professionals, advancements in AI technology, and rising regulatory approvals for AI-enabled devices. Additionally, the expanding therapeutic applications of AI-enabled devices contribute to market growth.
Market Lifecycle Stage
The AI-enabled medical imaging solutions market is currently in its development phase. Opportunities within this market are being fueled by the increasing adoption of AI and deep learning in imaging systems, technological advancements in imaging devices, and the growing use of AI-enabled medical imaging solutions in emerging markets. Key market trends include numerous collaborations among industry players, the adoption of machine learning and deep learning technologies in medical imaging, the introduction of new products, and the expansion of companies into the global market.
Impact of COVID-19
The COVID-19 pandemic initially shifted the focus of healthcare systems towards managing the crisis, leading to reduced hospital budgets and slower growth for AI applications. However, AI has been increasingly deployed in radiology departments worldwide to combat COVID-19. AI-based tools played a crucial role in diagnosis, prognosis evaluation, pandemic prediction, and drug discovery related to COVID-19, as highlighted in a September 2021 study published in Frontiers titled "Artificial Intelligence for COVID-19: A Systematic Review." This led to a positive impact on the adoption of AI in clinical settings and decision-making processes during the pandemic.
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Market Segmentation
By Modality:
Computed Tomography (CT)
Magnetic Resonance (MR)
X-Ray
Ultrasound
Mammography
Multimodality Imaging Systems
Other Modalities
The CT segment is expected to dominate the global AI-enabled medical imaging solutions market.
By Product:
Software
Hardware
The software segment holds the largest share in the global AI-enabled medical imaging solutions market.
By Deployment Model:
Cloud- and Web-Based Solutions
On-Premises Solutions
Cloud- and web-based solutions dominate the global market in this category.
By Workflow:
Image Acquisition
Image Analysis
Detection
Diagnosis and Treatment Decision Support
Predictive Analysis and Risk Assessment
Triage
Reporting and Communication
The image analysis segment is expected to lead the market based on workflow.
By Therapeutic Application:
Specialty Imaging
General Imaging
Specialty imaging is anticipated to dominate the global market.
By Region:
North America: U.S., Canada
Europe: Germany, France, U.K., Italy, Spain, Switzerland, Sweden, Netherlands, and Rest-of-Europe
Asia-Pacific: Japan, China, India, Australia and New Zealand, South Korea, Singapore, and Rest-of-Asia-Pacific
Rest-of-the-World: Israel, Brazil, Mexico, and Rest-of-the-World
North America is the leading region in the global AI-enabled medical imaging solutions market.
Recent Developments in the Global AI-Enabled Medical Imaging Solutions Market
November 2022: Aidoc received U.S. FDA approval for its CT-based AI solution for diagnosing aortic dissection (AD) and all vessel occlusions (VOs).
September 2022: Aidoc partnered with Sana Klinikum Lichtenberg, Germany's largest private hospital network, to integrate its AI solution for pulmonary embolism (PE) across all facilities.
June 2022: Blackford Analysis Limited partnered with Us2.ai to bring advanced echocardiography analysis tools to the Blackford Platform.
May 2022: Butterfly Network, Inc. partnered with the Medical University of South Carolina to work on transforming patient care, health education, and medical research.
August 2021: Blackford Analysis Limited partnered with Qlarity Imaging to bring QuantX Diagnostic AI to radiologists via the Blackford Platform.
September 2021: Aidoc and Subtle Medical partnered to establish end-to-end AI solutions for medical imaging.
December 2020: Agfa HealthCare launched RUBEE for AI, a product that helps hospitals integrate AI into their imaging networks.
May 2020: Agfa HealthCare partnered with Northwest Clinics to expand the imaging platform of clinics with RUBEE for AI.
November 2021: Butterfly Network, Inc. formed a distribution partnership with Abdul Latif Jameel Health to distribute its Butterfly iQ+ ultrasound device across the Middle East, North Africa, Turkey, and India.
August 2021: Caption Health partnered exclusively with Butterfly Network Inc. to enhance early disease detection and management with AI-based diagnostics.
Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-ai-enabled-imaging-solutions-market
How This Report Adds Value to an Organization
Product/Innovation Strategy: The report provides a comprehensive understanding of the various AI-enabled medical imaging solutions available for hospitals and diagnostic centers. It covers different modalities (CT, MR, X-ray, ultrasound, mammography, multimodality imaging systems, and other modalities), products (software and hardware), deployment models (cloud- and web-based solutions and on-premises solutions), workflows (image acquisition, image analysis, detection, diagnosis and treatment decision support, predictive analysis and risk assessment, triage, and reporting and communication), and therapeutic applications (specialty imaging and general imaging).
Growth/Marketing Strategy: The global AI-enabled medical imaging solutions market has witnessed significant developments, including business expansions, partnerships, collaborations, mergers and acquisitions, product launches, and funding activities. Partnerships, alliances, and business expansions make up the majority of developments in this market, followed by regulatory and legal activities and new product offerings.
Competitive Strategy: Key players in the global AI-enabled medical imaging solutions market are analyzed and profiled, with a detailed product benchmarking based on workflow, modality, and therapeutic application. This helps the reader understand how players compare against each other, presenting a clear market landscape. Additionally, the report provides insights into competitive strategies such as partnerships, agreements, collaborations, product launches and approvals, and funding scenarios, aiding in the identification of untapped revenue opportunities within the market.
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Ultrasound Probe Disinfection Market Share, Trends, and Growth Reports | Global Insight Services
The global ultrasound probe disinfection market was valued at USD 440 Million in 2021 and it is anticipated to grow up to USD 1,416.3 Million by 2031, at a CAGR of 12.4% during the forecast period.
Ultrasound probe is a medical device which is used in imaging the internal organs of the body with the help of sound waves. Sound waved rebound from internal organs in form of echoes which are received by the probe and sent to the computer. The images which are formed by these echoes are known as sonogram. Ultrasound probes are available in different size and shape for use in the body organs.
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Market Trends and Drivers
Increasing number of ultrasound imaging procedures will augment the market growth. Advancements in diagnostic ultrasound imaging procedures have helped improve diagnosis by providing immediate clinical information. The availability of instant diagnostic data has consequently helped reduce overall healthcare costs by replacing more expensive diagnostic exams. A wide range of ultrasound imaging procedures offers significant growth opportunities for the growth of the ultrasound probe disinfection market. Also, the rising geriatric population across the globe is another major factor resulting in the growing volume of ultrasound imaging procedures performed. Since the elderly (65 years and above) are more susceptible to hospital-acquired infections and chronic diseases, such as cardiovascular diseases (CVD) and various cancers, the demand for disease diagnosis and therapies is expected to rise steadily.
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Research Objectives
Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
Identify factors influencing market growth and challenges, opportunities, drivers and restraints
Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Ultrasound Probe Disinfection Market Segmentation
By Product
Instruments
Automated Reprocessors
UV-C Disinfectors
Manual Reprocessors/Soaking Stations
Ultrasound Probe Storage Cabinets
Consumables
Formulations
Detergents
Services
By Process
High-Level Disinfection
Intermediate/Low-Level Disinfection
By End-use
Hospitals and Clinics
Diagnostic Imaging Centers
Others
Major Players in the Global Ultrasound Probe Disinfection Market
The key players in the market are, Nanosonics Ltd. (Australia), Tristel (UK), STERIS plc (US), Ecolab Inc. (US), Advanced Sterilization Products (US), CIVCO Medical Solutions (US), CS Medical, LLC (US), Virox Technologies Inc. (Canada), Germitec S. A. (France), and Schülke & Mayr GmbH (Germany) among others
COVID-19 Impact
A worldwide emergency has been caused by the COVID-19 pandemic. The ultrasound probe disinfection instruments market has been negatively impacted during the peak of the COVID-19 pandemic, and this trend continued till December 2020. The consumables market is seen to be affected the due decrease in the number of ultrasound imaging procedures. But consumables market does not seem to have a negative impact due to the repeat purchase due to increase in the disinfection cycles. The number of ultrasound procedures slowly increased after the launch of vaccines. To address various challenges in the current scenario and ensure the safety of patients, various societies and national authorities, such as the American Institute of Ultrasound in Medicine, have developed international guidelines. Owing to the aforementioned factors, caregivers and hospitals are expected to witness delays in elective surgeries and ultrasound procedures. However, it is expected that the market will begin to rise, as expected, from the late second half of 2021 gradually.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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Refurbished Medical Equipment Market Growth and Size for Strategic Decision-Making
The global refurbished medical equipment market size is expected to reach USD 45.81 Billion in 2032 and register a steady revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for eco-friendly products is a major factor driving market revenue growth of. Benefits of used medical imaging equipment for environment must be emphasized.
The circular economy is supported by refurbishment, a sort of reuse and waste reduction that raises useful lifespan of medical imaging equipment from 5-7 to 10-14 years or even longer. Resources and energy required to produce new equipment are saved by refurbishment. It is critical from an environmental standpoint to maximize service life of imaging scanners due to energy and materials used throughout the production, safety testing, and regulatory compliance processes. For instance, improving Magnetic Resonance Imaging (MRI) scanners and extending their service life maximizes the return on initial investment of energy and materials.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Refurbished Medical Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Block Imaging, Inc., Soma Tech INTL, Avante Health Solutions, Hilditch Group, EverX Pty. Ltd., Integrity Medical Systems, Inc., and Radiology Oncology Systems
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Emergen Research has segmented the global Refurbished Medical Equipment market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2032)
Medical Imaging Equipment
Computerized Tomography (CT) Scanners
Magnetic Resonance Imaging (MRI) Machines
X-Ray Machines
Nuclear Imaging Systems
Ultrasound Systems
Other Medical Imaging Equipment
Operating Room & Surgical Equipment
Anesthesia Machines
Electrosurgical Units
Operating Room Tables & Lights
Surgical Displays
Other Operating Room & Surgical Equipment
Patient Monitors
Multi-Parameter Monitors
Fetal Monitors
Electrocardiography Devices
Pulse Oximeters
Mobile Cardiac Telemetry Devices
Non-Invasive Blood Pressure Monitors
Other Patient Monitors
Cardiology Equipment
Defibrillators
Heart-Lung Machines
Other Cardiology Equipment
Urology Equipment
Dialysis Machines
Lithotripsy Devices
Neurology Equipment
Electromyograph Machines (EMG) Machines
Electroencephalography (EEG) Machines
Intensive Care Equipment
Ventilators
Infant Incubators & Warmers
Intravenous Therapy Systems
Endoscopy Equipment
Other Medical Equipment
Application Outlook (Revenue, USD Billion; 2019–2032)
Diagnostic Applications
Cardiology
Urology
Neurology
Orthopedics
Physiology
Emergency Medicine
Oncology
Obstetrics/Gynecology
Other Diagnostic Applications
Therapeutic Applications
Cardiology
Urology
Neurology
Orthopedics
Physiology
Emergency Medicine
Oncology
Obstetrics/Gynecology
Other Therapeutic Applications
End-Use Outlook (Revenue, USD Billion; 2019–2032)
Hospitals
Diagnostic Imaging Centers
Ambulatory Care Centers
Other End-Use
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Refurbished Medical Equipment Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Refurbished Medical Equipment Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Artificial Intelligence In Ultrasound Imaging Market is Anticipated to Witness High Growth
Artificial Intelligence (AI) plays a vital role in ultrasound imaging by automating routine clinical tasks and enhancing efficiency. AI algorithms in ultrasound imaging help in automating clinical workflows by reducing human errors and variability. It also provides physicians real-time guidance and decision support. AI can segment and quantify anatomical structures, detect visual patterns and distinguish normal from abnormal findings in ultrasound scans. With integration of AI into ultrasound systems, radiologists can spend more time on complex diagnostic cases.
The Global Artificial Intelligence In Ultrasound Imaging Market is estimated to be valued at US$ 972.1 Mn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Artificial Intelligence In Ultrasound Imaging are NVIDIA Corporation, Intel Corporation, IBM, EchoNous, Inc., Microsoft, General Vision Inc., GENERAL ELECTRIC COMPANY, Johnson & Johnson Services, Inc., Siemens Healthcare Private Limited, Medtronic, CloudMedx Inc., Agfa-Gevaert Group, Butterfly Network, Inc., Imagia Cybernetics Inc., Enlitic, Inc., Micron Technology, Inc., and SAMSUNG. Major players are focusing on partnerships and product launches to cater to the growing demand for AI-based ultrasound systems. For instance, in 2021 Imagia Cybernetics partnered with Fujifilm to integrate its AI technology with ultrasound systems.
The key opportunities in the Artificial Intelligence in Ultrasound Imaging Market Growth include development of advanced AI algorithms for automating diagnosis for a wide range of clinical conditions and integration of AI into portable ultrasound devices. Global Expansion of major AI players in the healthcare domain along with strategic partnerships with medical device companies is propelling the AI in ultrasound market growth globally. Key companies are focusing on geographic expansion plans in Asia Pacific and Middle East & Africa regions where ultrasound imaging adoption is rising significantly.
Market Drivers
Growing applications of AI in medical imaging for disease diagnosis, treatment monitoring and drug discovery is a key market driver. AI assistance improves diagnostic accuracy of ultrasound scans by detecting subtle abnormalities. Rise in chronic diseases globally along with increasing healthcare expenditure on preventive care is anticipated to propel the demand for AI-enabled ultrasound systems.
Market Restrains
Lack of skilled AI and healthcare professionals and ambiguity in regulations pertaining to AI-assisted clinical decision making may negatively impact the market growth. Data privacy and security challenges also act as a major restrain for wider adoption of AI-enabled ultrasound systems in developing countries. High costs of advanced AI-based ultrasound devices could limit its use in price-sensitive markets.
Segment Analysis
The software segment currently dominates the artificial intelligence in ultrasound imaging market owing to the widespread availability and adoption of software solutions for handling ultrasonography images and diagnostics. AI software can automatically analyze ultrasound images from existing ultrasound devices to recognize anatomical structures as well as regions of abnormalities like tumors or lesions. This takes significantly less time and effort compared to manual diagnosis by radiologists, without compromising on accuracy. The growing preference for non-invasive diagnostic imaging and remote patient monitoring during the Covid-19 pandemic has further boosted the demand for software-based AI solutions in ultrasound imaging.
Global Analysis
North America holds the largest share in the artificial intelligence in ultrasound imaging market led by the presence of major players and substantial investment in AI technologies by medical device manufacturers as well as research institutes in countries like the United States and Canada. Moreover, the region has consistently adopted advanced medical technologies at a rapid pace. However, Asia Pacific is emerging as the fastest growing regional market due to growing healthcare expenditures, increasing incidence of chronic diseases, improving healthcare infrastructure as well as supportive government policies encouraging artificial intelligence in medical imaging in countries such as China, India and Japan.
Get more insights on Artificial Intelligence in Ultrasound Imaging Market
About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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#CoherentMarketInsights#ArtificialIntelligenceInUltrasoundImaging#ArtificialIntelligenceInUltrasoundImagingMarket#ArtificialIntelligenceInUltrasoundImagingMarketOutlook#ArtificialIntelligenceInUltrasoundImagingMarketDemand#MachineLearning#NaturalLanguageProcessing#Context-AwareComputing
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Gallbladder Cancer Market poised to reach US$ 1,607.47 Mn by 2024 owing to growing incidence rates
The gallbladder cancer market has shown significant growth in the recent past owing to the growing incidence of gallbladder cancer worldwide. The gallbladder is a small pear-shaped organ located below the liver that stores and concentrates bile produced by the liver. Gallbladder cancer, also known as gallbladder carcinoma, occurs due to the uncontrolled growth of malignant (cancerous) cells in the gallbladder. Some of the common symptoms of gallbladder cancer include abdominal pain, lumps in the abdomen, jaundice, nausea, and weight loss. The global gallbladder cancer market is estimated to be valued at US$ 1,607.47 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030. Gallbladder cancer treatment options include surgery, chemotherapy, targeted therapy, radiation therapy, and immunotherapy depending on the stage of cancer. Other than treatment, the market also consists of diagnostic products used for detecting gallbladder cancer such as ultrasound, CT scan, MRI, and biopsy. Key Takeaways Key players operating in the gallbladder cancer market are Histogen Inc., Cipla Limited, Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Dr. Reddy’s Laboratories, HCell Inc., Follica, Inc. and Ranbaxy Laboratories Ltd. The demand for gallbladder cancer treatment has been increasing owing to the rising incidence of gallbladder cancer worldwide. Technological advancements in diagnostic imaging modalities and targeted therapies have improved gallbladder cancer diagnosis and treatment. Market Trends Early diagnosis of gallbladder cancer is one of the key trends witnessed in the market. Availability of advanced imaging modalities like CT scans and MRI enable early detection of gallbladder cancer, even at an early stage. This increases survival rates and treatment outcomes. Another major trend is the development of novel targeted therapies. Companies are focusing on developing targeted drugs that can inhibit specific pathways involved in gallbladder cancer growth and progression. Market Opportunities High incidence rates in developing countries present lucrative opportunities. According to the WHO, around 84,000 new cases of gallbladder cancer are diagnosed every year globally, with the highest incidence rates in India, Chile and Pakistan. Development of combination therapies focusing on multi-target inhibition is also an emerging opportunity. Using a combination of targeted drugs along with traditional therapies can improve treatment efficacy. Affordable diagnostic devices for resource-limited regions also present growth opportunities. Impact of COVID-19 on Gallbladder Cancer Market Growth The COVID-19 pandemic has significantly impacted the growth of the gallbladder cancer market. During the initial lockdown phases imposed by various governments worldwide, many non-essential medical procedures and visits were postponed or cancelled. This led to a decline in the diagnosis of new gallbladder cancer cases as people avoided hospitals and facilities due to fear of contracting the virus. Moreover, resources from the healthcare sector were reallocated to manage the rising number of coronavirus patients requiring critical care. This diversion of focus away from cancer treatment negatively impacted the growth of the gallbladder cancer market in the short term.
#Gallbladder Cancer Market Demand#Gallbladder Cancer Market Growth#Gallbladder Cancer Market Analysis
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Liver Biopsy Market Current and Future Industry Trends, 2024 - 2031
The global Liver Biopsy Market is projected to witness substantial growth, according to the latest market analysis. The market size was valued at USD 5505.71 million in 2023 and is estimated to reach USD 9249.79 million by 2031, with a steady Compound Annual Growth Rate (CAGR) of 6.7% over the forecast period 2024-2031.
Report Scope and Market Analysis
The report provides a comprehensive analysis of the Liver Biopsy Market, including market size, growth prospects, key trends, and challenges. It covers various segments such as product type, application, end-user, and region to provide a holistic view of the market landscape. Additionally, the report offers insights into the competitive landscape, key players, and recent developments shaping the market.
Impact of the Russia-Ukraine Conflict
The ongoing Russia-Ukraine conflict has the potential to impact the Liver Biopsy Market in various ways. Supply chain disruptions, geopolitical uncertainties, and economic sanctions could affect the availability of medical devices and supplies used in liver biopsy procedures. Moreover, the conflict may lead to volatility in currency exchange rates and economic instability in certain regions, influencing market dynamics.
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The Impact of Economic Slowdown
Economic slowdowns, such as the recent global economic downturn caused by the COVID-19 pandemic, can have implications for the Liver Biopsy Market. Reduced healthcare spending, postponed elective procedures, and financial constraints on healthcare providers may temporarily slow down market growth. However, the long-term demand for liver biopsy procedures is expected to remain resilient, driven by the increasing prevalence of liver diseases and the growing aging population.
Regional Analysis
The report provides a detailed regional analysis of the Liver Biopsy Market, covering key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each region's market dynamics, growth drivers, challenges, and opportunities are analyzed to understand the regional market trends and outlook.
Key Takeaways and Recent Developments
Key takeaways from the report include:
Increasing prevalence of liver diseases, including liver cancer, hepatitis, and non-alcoholic fatty liver disease (NAFLD), is driving the demand for liver biopsy procedures.
Technological advancements in imaging modalities and biopsy techniques are enhancing the accuracy and safety of liver biopsy procedures, contributing to market growth.
Growing adoption of minimally invasive biopsy techniques, such as ultrasound-guided and laparoscopic liver biopsy, is fueling market expansion.
Strategic collaborations, product launches, and mergers & acquisitions are prevalent among key players to strengthen their market position and expand their product portfolios.
Recent developments in the Liver Biopsy Market include:
Introduction of advanced biopsy devices with improved safety features and enhanced diagnostic accuracy.
Launch of innovative imaging technologies for real-time visualization and guidance during liver biopsy procedures.
Collaboration between healthcare institutions and research organizations to develop novel biomarkers for non-invasive assessment of liver fibrosis and disease progression.
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Global Urinary Incontinence Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth
Overview and Scope Urinary incontinence is a medical condition characterized by the unintentional loss of urine, ranging from occasional leaks to a complete inability to control urination. Weakened pelvic floor muscles, hormonal changes, obesity, neurological conditions, urinary tract infections, medications and pregnancy can cause urinary incontinence. Sizing and Forecast The urinary incontinence market size has grown strongly in recent years. It will grow from $11.61 billion in 2023 to $12.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The urinary incontinence market size is expected to see strong growth in the next few years. It will grow to $16.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/urinary-incontinence-global-market-report Segmentation & Regional Insights The urinary incontinence market covered in this report is segmented – 1) By Type: Urge Incontinence; Stress Incontinence; Overflow Incontinence; Functional Incontinence 2) By Treatment Type: Medication; Devices; Other Treatments 3) By Route Of Administration: Oral; Parenteral; Other Routes Of Administrations 4) By Diagnosis: Physical Exam; Pad Test; Urodynamic Testing; Cystoscopy; Stress Test; Ultrasound; Urine Samples 5) By End-Users: Hospitals; Specialty Clinics; Homecare; Other End-Users North America was the largest region in the urinary incontinence market in 2023. The regions covered in urinary incontinence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=12946&type=smp Major Driver Impacting Market Growth The increase in the prevalence of urological disorders is expected to propel the growth of the urinary incontinence market going forward. Urological disorders, also known as urologic conditions, refer to a wide range of medical conditions that affect the urinary system and the male reproductive organs, including the kidneys, bladder, ureters, urethra and male reproductive organs such as the prostate and testes. The increasing prevalence of urological disorders, particularly conditions like urinary incontinence, fuels the demand for products and treatments to address these issues. Key Industry Players Major players in the urinary incontinence market are Cardinal Health Inc., Johnson and Johnson, Medtronic PLC, Eli Lilly and Company, Asahi Kasei Corporation, Becton Dickinson and Company (C.R. Bard Inc.), Teva Pharmaceutical Industries Ltd., Berry Global Inc., Boston Scientific Corporation, Mylan N.V., Sun Pharmaceutical Industries Ltd., Domtar Corporation, Cook Medical Inc., Aurobindo Pharma Ltd., Coloplast AIS, Teleflex Incorporated, Apotex Inc The urinary incontinence market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis . . . 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: [email protected] Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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The Global Ultrasound Devices Market: Growth and Analysis, Forecast 2024 to 2033 By Technology, Portability, Application, and End-User.
The Global Ultrasound Devices Market was valued at USD 11.5 Billion in 2023 and is estimated to reach USD 15.32 Billion by 2032, growing at a CAGR of 4.1 % from 2024 to 2033.
Scope of the market:
Ultrasound devices are highly developed medical imaging tools that are used for non-invasive views of internal body parts known as sonography equipment or ultrasound machines. This machine allows a real-time image of organs by using high-frequency sound waves which are above the human hearing capacity.
Ultrasound devices emit sound waves and receive measuring echoes while returning crucial diagnostics data to medical practitioners. This is used in cardiology, gynaecology, and radiology etc., Furthermore, ultrasound devices are used to monitor the foetus development in pregnancy and direct surgical treatment. This technology helps in diagnosing various chronic diseases affecting various parts of the body, which is one of the safest non-invasive techniques.
The increasing demand for advanced ultrasound devices in different fields is the driving factor. Moreover, the growing number of product launches and technological development of applications such as cardiology, vascular, and others.
Economic Impact of Covid-19:
The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It also focuses on the post-pandemic and pre-pandemic era of the Global Ultrasound Devices Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs.
Key Players:
GE Healthcare
Canon Medical Systems
Samsung Medison Co. Ltd
FUJIFILM SonoSite, Inc.
ESAOTE SPA
Hitachi
Hologic Inc
Siemens Healthineers
Mindray Medical Systems Corporation
Fukuda Denshi
Analogic Corporation
Terason
Analogic Corporation
Trivitron Healthcare
BenQ Medical technology
Lumibird Medical
Medgyn Products Inc,
Others
The above key players in the Global Ultrasound Devices Market can be changed according to the client’s requirements.
Moreover, the key players aim towards expansion, joint ventures, collaboration, mergers, and acquisitions to advance capabilities in Ultrasound devices.
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Tendinitis Treatment Market Share: Analyzing Size and Growth Trends
Market Overview –
During the projected period of 2023–2032, the market for tendinitis treatments is expected to grow at a 3.7% CAGR to reach USD 263.95 billion by 2032.
The tendinitis treatment market is growing steadily, driven by the increasing demand for effective tendinitis therapy options. As more individuals experience tendon inflammation and related injuries, there's a heightened focus on innovative therapies to alleviate pain and promote healing. The market for tendinitis therapy continues to evolve, offering patients various treatment modalities for improved outcomes.
The tendinitis treatment market focuses on providing solutions for a common musculoskeletal condition characterized by inflammation or irritation of a tendon. Tendinitis can affect various parts of the body, including the shoulders, elbows, wrists, knees, and heels, leading to pain, stiffness, and limited movement. This market encompasses a range of treatment options, including medications, physical therapy, braces, and in severe cases, surgery.
One of the primary drivers of the tendinitis treatment market is the increasing incidence of tendinitis-related injuries, attributed to factors such as overuse, repetitive motion, poor ergonomics, aging, and sports activities. As the population ages and lifestyles become more sedentary, the prevalence of tendinitis is expected to rise, driving demand for effective treatment modalities.
Moreover, advancements in medical technology and treatment approaches have expanded the options available for managing tendinitis. Innovative therapies such as extracorporeal shockwave therapy (ESWT), platelet-rich plasma (PRP) injections, and regenerative medicine techniques offer promising alternatives to traditional treatments, providing patients with more options for pain relief and faster recovery.
The COVID-19 pandemic has impacted the tendinitis treatment market, with disruptions in healthcare services, delayed diagnoses, and changes in patient behavior. However, the pandemic has also highlighted the importance of self-care and home-based treatments, leading to increased interest in home exercises, ergonomic modifications, and telemedicine consultations for managing tendinitis symptoms.
Despite challenges such as limited reimbursement for certain treatments and variability in treatment outcomes, the tendinitis treatment market is expected to grow as awareness about the condition increases and as research efforts continue to improve treatment efficacy and patient outcomes. With ongoing innovation and collaboration among healthcare providers, researchers, and industry stakeholders, the tendinitis treatment market holds promise for addressing the needs of patients with tendinitis in the future.
Segmentation –
The Americas & Europe Tendinitis Treatment market is segmented on the basis of type, treatment, and end user.
On the basis of type, the market is segmented into Achilles tendinitis, supraspinatus tendinitis, tennis or golfer's elbow, De Quervain's tenosynovitis, and others.
On the basis of treatment, the market is segmented into diagnosis, therapy, shock wave therapy or surgery, medical devices, devices, and others.
Diagnosis is further segmented into physical examination, imaging tests, ultrasound, Magnetic Resonance Imaging (MRI) Scans, and others.
Therapy is further segmented into non-pharmacological and pharmacological therapy. Non-pharmacological therapy includes rest therapy, heat & cold therapy, occupational therapy, physical therapy, and others. Pharmacological therapy includes OTC drugs or pain relievers, corticosteroids injections, platelet-rich plasma (PRP), and others.
Medical devices is further segmented mechanical band, support tape, pre-cut strips, continuous rolls, and others.
On the basis of end user, the market is segmented into hospitals & clinics, medical research centers, academic institutes, and others.
Regional Analysis –
The tendinitis treatment market's regional analysis reveals varying prevalence rates, treatment approaches, and healthcare infrastructures worldwide. North America leads with a high incidence of tendinitis cases and a strong focus on sports medicine and rehabilitation therapies. Europe follows suit, with an emphasis on conservative treatments and physical therapy modalities. In the Asia-Pacific region, increasing sports participation and aging populations contribute to market growth, driving demand for tendinitis treatments. Latin America and Africa show potential for market expansion with improving healthcare access and rising awareness of musculoskeletal conditions. Market players must adapt their treatment options to meet regional preferences and regulatory requirements, considering factors like affordability, accessibility, and cultural influences.
Key Players –
Some of the Tendinitis Treatment Companies are Almatica Pharma, Inc. based in the US, AstraZeneca from the US, Bayer headquartered in Germany, Boehringer Ingelheim Pharmaceuticals, Inc. situated in the US, Merck & Co., Inc. operating out of the US, Pfizer also located in the US, alongside other contributors.
Related Reports –
Steam Autoclave
Diagnostic Imaging
Neonatal Thermoregulation
Immunotherapy Drugs
For more information visit at MarketResearchFuture
#Tendinitis Treatment Market#Tendinitis Treatment Market Size#Tendinitis Treatment Market Share#Tendinitis Treatment Market Growth#Tendinitis Treatment Market Trends
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U.S. Peripheral Nerve Injuries Industry by Regions, Type & Applications During 2023-2030
U.S. Peripheral Nerve Injuries Market
The U.S. peripheral nerve injuries market size was valued at USD 406.23 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.32% from 2023 to 2030.
The growth of the market is attributed to factors such as a rising geriatric population coupled with increasing demand for minimally invasive procedures, technological advancements in surgical techniques and tools, and growing awareness among healthcare professionals and patients about peripheral nerve injuries.
Increasing funding by both private and public organizations is expected to play an important role in market growth. For instance, in September 2019, Renerva, LLC, a medical device company focused on innovating various techniques and technologies for Peripheral Nerve Injuries, received funding of USD 500,000 from the National Institute of Health (NIH), and the National Science Foundation (NSF). Similarly, in October 2022, NervGen Pharma Corp. was awarded up to USD 1.5 million in Department of Defense funding from MOMRP/JPC-5 to evaluate NervGen’s NVR-291-R for enhanced restoration and enable the accelerated function for peripheral nerve injuries.
Gather more insights about the market drivers, restrains and growth of the U.S. Peripheral Nerve Injuries Market
Peripheral nerve damage is estimated to affect around 20 million people in the U.S., causing symptoms that may range from mild discomfort to severe disability. It may go undiagnosed or untreated. Moreover, current procedures can be associated with limitations that impact the quality of life. Thus, to address the issue, there have been some technological advancements in this market. For instance, Axogen is focused on the development and commercialization of technology for peripheral nerve repair & regeneration. Axogen’s platform for nerve repair & regeneration is built of complex portfolio of products such as biologically active, off-shelf processed human nerve allograft. This can serve as a bridge between severed peripheral nerves with up to 70 mm without any associated comorbidities.
Furthermore, COVID-19 has highlighted the importance of minimizing hospital stays and reducing the risk of complications associated with invasive procedures. This could result in an increasing emphasis on minimally invasive procedures for peripheral nerve injuries, such as endoscopic techniques, nerve decompression procedures, and ultrasound-guided interventions. These procedures may offer shorter recovery times, reduced hospital stays, and potentially lower costs, which could impact the market for traditional open surgical interventions.
Browse through Grand View Research's Medical Devices IndustryResearch Reports.
The global transcatheter aortic valve replacement market size was estimated at USD 6.3 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030.
The global endoscopic vessel harvesting system market size was estimated at USD 153.1 million in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030.
U.S. Peripheral Nerve Injuries Market Report Segmentation
Grand View Research has segmented the U.S. peripheral nerve injuries market report based on product/therapies, surgery, application, and end-use:
Products/Therapies Outlook (Revenue, USD Million, 2018 - 2030)
Nerve Grafting
Autograft
Allograft
Stem Cell Therapy
Biomaterial
Nerve Conduit
Nerve Protector
Nerve Connector
Nerve Wraps
Surgery (Revenue, USD Million, 2018 - 2030)
Direct nerve repair
Nerve Grafting
Stem Cell Therapy
Carpal Tunnel Release
Internal Neurolysis
Neurorrhaphy
Application (Revenue, USD Million, 2018 - 2030)
Upper Extremities
Lower Extremities
End-use (Revenue, USD Million, 2018 - 2030)
Hospitals
Clinics
Ambulatory Surgical Centers
Others
Key Companies profiled:
Axogen Corporation
Stryker/Collagen Matrix/Polyganics BV
Integra Lifesciences Corporation
Toyobo Co., Ltd.
Alafair Bioscience
Synovis Micro Companies Alliance, Inc. (Baxter International, Inc.)
Key U.S. peripheral nerve injuries Company Insights
Key players in the U.S. peripheral nerve injuries market are adopting strategies such as mergers & acquisitions and indication extension to enhance their market position. For instance, in October 2022, Collagen Matrix, Inc.acquired Polyganics, B.V., a medical technology company specializing in the manufacturing of bioresorbable medical devices. The acquisition was aimed at expanding Collagen matrix’s product portfolio and is expected to open new opportunities for market growth.Thus, these efforts being undertaken by players to increase their market share along with their sales and marketing strategies.
Order a free sample PDF of the U.S. Peripheral Nerve Injuries Market Intelligence Study, published by Grand View Research.
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Transcranial Doppler Market| Market Size, Analysis and Forecast, 2024 – 2028
Originally published on Technavio: Transcranial Doppler Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, China, India, Germany, France - Size and Forecast 2024-2028
The transcranial Doppler (TCD) market holds a significant position within the medical imaging and diagnostics sector, focusing specifically on non-invasive monitoring of blood flow within the brain. Transcranial Doppler ultrasound technology allows healthcare professionals to assess cerebral blood flow velocities and detect abnormalities or conditions such as strokes, vasospasms, and intracranial stenosis. This market caters to a range of medical applications, including neurology, neurosurgery, and critical care, where monitoring cerebral blood flow is essential for diagnosis and treatment planning.
One of the key drivers of the transcranial Doppler market is the increasing incidence of neurological disorders and cerebrovascular diseases. As the global population ages, the prevalence of conditions such as strokes and neurovascular disorders rises, necessitating advanced diagnostic tools. Transcranial Doppler ultrasound provides a non-invasive and real-time method for healthcare professionals to assess cerebral blood flow, aiding in the early detection and management of various neurological conditions.
Technological advancements in transcranial Doppler devices have played a pivotal role in the market's growth. Modern TCD systems are equipped with features such as color imaging, spectral analysis, and Doppler signal processing algorithms, enhancing the accuracy and reliability of cerebral blood flow measurements. These technological innovations contribute to the efficiency of diagnosis and enable healthcare providers to obtain detailed information about blood flow patterns in different cerebral vessels.
The transcranial Doppler market is closely aligned with broader trends in healthcare, emphasizing the importance of non-invasive and cost-effective diagnostic tools. As healthcare systems seek to improve patient outcomes and reduce the burden of invasive procedures, transcranial Doppler ultrasound offers a valuable solution for assessing cerebrovascular health. Its applications extend beyond diagnostic purposes, as TCD monitoring is increasingly used in critical care settings to guide interventions and assess treatment effectiveness in real-time.
The impact of the COVID-19 pandemic on the transcranial Doppler market has been influenced by shifts in healthcare priorities and resource allocation. While the pandemic strained healthcare systems, the importance of efficient and non-invasive diagnostic tools remained evident. Transcranial Doppler, with its ability to provide valuable insights into cerebral blood flow without the need for invasive procedures, has maintained its relevance in neuroimaging and diagnostics during challenging times.
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Looking ahead, the transcranial Doppler market is poised for continued growth as advancements in technology and increasing awareness of neurological health drive demand. The integration of artificial intelligence (AI) and machine learning algorithms into TCD systems may further enhance diagnostic capabilities and contribute to personalized treatment approaches. As the importance of cerebrovascular health gains prominence in preventive medicine, the transcranial Doppler market is likely to play a critical role in shaping the future of neuroimaging and diagnostics, offering non-invasive and effective solutions for healthcare professionals and patients alike.
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Breast Biopsy Localization Wire Market Size, Type, segmentation, growth and forecast 2023-2030
Breast Biopsy Localization Wire Market
The Breast Biopsy Localization Wire Market is expected to grow from USD 2.40 Billion in 2022 to USD 4.70 Billion by 2030, at a CAGR of 9.10% during the forecast period.
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Breast Biopsy Localization Wire Market Size
Breast Biopsy Localization Wire is a medical device that helps in locating a breast abnormality for biopsy procedures. The global Breast Biopsy Localization Wire market is segmented based on type, application, and region. Single Barb, Double Barb, and Other are the product types available in the market. Acute Care, Surgery Center, and Others are the applications for which Breast Biopsy Localization Wires are used. The global market players include Bard Biopsy, Cook Medical, CP Medical, STERYLAB, and Medline. The key drivers of this market are the increasing prevalence of breast cancer and the rising demand for minimally invasive procedures. The market is also influenced by regulatory and legal factors specific to different market conditions. For instance, the US FDA has implemented guidelines for the use of localization wires to improve the safety and accuracy of breast biopsy procedures. Similarly, in Europe, the EU's Medical Device Regulation (MDR) and In-vitro Diagnostic Device Regulation (IVDR) have set new rules on medical devices to ensure their safety and effectiveness. The Breast Biopsy Localization Wire market holds immense potential for growth due to the increasing incidence of breast cancer and the availability of advanced medical technologies.
Breast Biopsy Localization Wire Market Key Player
Bard Biopsy
Cook Medical
CP Medical
STERYLAB
Medline
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Breast Biopsy Localization Wire Market Segment Analysis
The Breast Biopsy Localization Wire market is experiencing significant revenue growth due to the increasing prevalence of breast cancer across the globe. The target market for breast biopsy localization wire includes women aged 40 and above who are at a higher risk of developing breast cancer. Additionally, healthcare facilities such as hospitals and diagnostic centers that offer breast biopsy procedures are also a major target market for breast biopsy localization wire.
One of the major factors driving the growth of the Breast Biopsy Localization Wire market is the increasing awareness about breast cancer and the importance of early diagnosis. Breast biopsy localization wire procedures are widely used for the diagnosis of breast cancer, as they help to accurately locate and remove the cancerous tissue. Furthermore, the increasing number of breast biopsy procedures being performed globally has also positively impacted the growth of the market.
The latest trend in the Breast Biopsy Localization Wire market is the development of advanced localization wire systems that allow for more accurate and efficient biopsy procedures. These systems use advanced imaging technologies such as MRI and ultrasound, which enable precise identification of the tumor location.
However, the major challenges faced by the Breast Biopsy Localization Wire market include the high cost of localization wire procedures and a lack of skilled healthcare professionals. Moreover, the COVID-19 pandemic has also negatively impacted the market, as many healthcare facilities have postponed non-emergency biopsy procedures.
The main findings of the report highlight the growing demand for breast biopsy localization wire procedures and the increasing need for advanced localization wire systems. The report also emphasizes the need for healthcare facilities to invest in training and education programs for healthcare professionals to improve the accuracy of breast biopsy localization wire procedures.
In conclusion, the Breast Biopsy Localization Wire market is experiencing significant growth due to the increasing prevalence of breast cancer. The market is expected to continue growing as healthcare facilities adopt advanced localization wire systems and invest in training programs to improve the accuracy of breast biopsy procedures.
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Market Segmentation (by Application):
Acute Care
Surgery Center
Others
Information is sourced from www.reportprime.com
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