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Medical Equipment Optics Market - Forecast(2024 - 2030)
Medical Equipment Optics Market OverviewThe Medical Equipment Optics Market is estimated to grow at a CAGR of 4% during the forecast period 2024-2030 and reach USD 36.5 billion by 2030, from around USD 28.1 billion 2023. With the expanding population worldwide, there is rising demand for the security of patients and convenience during diagnosis. Global medical management providers are looking forward to making progress in medical instrumentation termed medical equipment optics for more effective patient diagnosis, supervision and healing. The extensive R&D and the application of optics in medical instruments have resulted in less intrusive methods of healing ailments like substituting surgical intervention with nominally intrusive therapies. These are set to drive the medical equipment optics market. Endoscopic imaging is a non-surgical technique utilized to investigate the digestive tract of a patient. Endoscopic imaging is a kind of Medical Equipment Optics that utilizes an endoscope with a malleable tube and a light source to highlight an organ or tissue. Biomedical sensing utilizes biomedical sensors which are particular electronic instruments that may transduce biomedical signals into effortlessly determinable electric signals. Biomedical sensors are based on fiber-optic sensors and therefore fall under Medical Equipment Optics. Photoacoustic imaging permits the transfer of light energy that is consumed by tissues bringing about a thermoelastic augmentation. This augmentation then produces ultrasound waves that are discovered by the transducer and generate images of optical absorption contrast inside tissues. Photoacoustic imaging is termed optoacoustic imaging and is a biomedical imaging modality based on the photoacoustic effect and is included as part of Medical Equipment Optics. Optical coherence tomography (OCT) is an imaging technique, included in Medical Equipment Optics, utilized to produce an image of the back of the eye, termed the retina. The proliferating awareness of medical instruments together with the manner of optical application in them is set to propel the growth of the Medical Equipment Optics Market during the forecast period 2024-2030.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞
Report CoverageThe report: “Medical Equipment Optics Market Forecast (2024-2030)" by IndustryARC, covers an in-depth analysis of the following segments of the Medical Equipment Optics Market.By Optical Devices - Image Sensor, Optical Fiber, Fiber Sensor, IR Lamps, UV Lamps, Endoscopes and Others.
By Equipment - Blood Glucose Meters, Blood Pressure Meters, Laparoscope, Optometer, Diagnostic Imaging, XRF Instrument, In-Vitro Diagnostic Equipment, CT Equipment, Contrast Photography, Bone Densitometer and Others.By End-users - Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers Or Laboratories and Research Organizations.By Geography - North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and the Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and the Rest of the World (the Middle East and Africa).
#Medical Equipment Optics Market price#Medical Equipment Optics Market size#Medical Equipment Optics Market share
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Sinus Dilation Devices Market Size, Share, Growth, Analysis Forecast to 2030
Sinus Dilation Devices Industry Overview
The global sinus dilation devices market size was valued at USD 2.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030.
The high preference for minimally invasive procedures, favorable reimbursement scenarios, rising awareness about the advantages of balloon sinuplasty over other conventional techniques, and the prevalence of chronic sinusitis are the major factors fostering the market growth. Developing advanced surgery techniques helps increase the market dynamics by replacing traditional procedures.
Gather more insights about the market drivers, restrains and growth of the Sinus Dilation Devices Market
Technological advancements, such as surgical laser technologies, in sinus surgery ensure minimal ablation and have fewer side effects. Decreased turnaround time enables these procedures to be performed in outpatient departments. For instance, in 2022, the National Health Service (NHS) introduced an innovative laser treatment for patients with epilepsy. This pioneering therapy utilizes lasers to target and treat areas of the brain that cause seizures, providing a new and advanced approach to managing epilepsy and improving patients' quality of life.
The COVID-19 pandemic led to interruptions in routine patient care. Many healthcare organizations have canceled routine clinic visits and elective surgeries to increase and maintain the availability of intensive care and inpatient care beds and have reorganized medical and nursing staff. This has particularly interrupted care for patients with chronic rhinitis. The patients opted for teleconsultations and temporary options for sinus-related problems.
For instance, in Canada, there was a significant decline in the number of surgeries during the first 31 months of the pandemic, amounting to approximately 937,000 fewer surgeries (14%) compared to the pre-pandemic period. These figures were determined by comparing the surgeries performed since March 2020 to a baseline of 2019 without considering population growth or other factors. The most substantial drop in surgeries occurred in the initial four months of the pandemic (March to June 2020), when many scheduled and non-urgent procedures were postponed or canceled across the country to align with public health guidelines.
Browse through Grand View Research's Medical Devices Industry Research Reports.
• The global embolic protection devices market size was valued at USD 612.9 million in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030.
• The global bone densitometers market size was valued at USD 241.2 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
Global Sinus Dilation Devices Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global sinus dilation devices market based on product, type, procedure, application, end use, and region.
Product Outlook (Revenue in USD Million, 2018 - 2030)
Ballon Sinus Dilation Devices
Endoscopes
Sinus Stents/Implants
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
Type Outlook (Revenue in USD Million, 2018 - 2030)
Sinuscopes
Rhinoscopes
Procedure Outlook (Revenue in USD Million, 2018 - 2030)
Standalone
Hybrid
Application Outlook (Revenue in USD Million, 2018 - 2030)
Adult
Pediatric
End-use Outlook (Revenue in USD Million, 2018 - 2030)
Hospitals
Ambulatory Surgical Centers
ENT Clinics/In Office
Regional Outlook (Revenue in USD Million, 2018 - 2030)
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Australia
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East and Africa
South Africa
Saudi Arabia
UAE
Kuwait
Key Companies & Market Share Insights
Key players in the market are focusing on adopting growth strategies, such as mergers and acquisitions, developing existing devices, promotional events, and technological advancements. For instance, Intersect ENT, Inc., one of the leading medical technology companies for ear, nose, and throat care, introduced a new product in the U.S. called the Straight Delivery System (SDS) along with the PROPEL Mini Sinus Implant (a medical device). The U.S. Food and Drug Administration has approved this combined packaging, making it available for use. The Straight Delivery System was previously approved in July 2020. In simple terms, Intersect ENT has launched a new product in the U.S. that includes a medical device called the SDS and the PROPEL Mini Sinus Implant, which the FDA has approved for use:
Medtronic
Smith+Nephew
Stryker
Intersect ENT, Inc
Olympus Corporation
SinuSys Corporation
Johnson & Johnson Services, Inc.
TE Connectivity
InnAccel Technologies Pvt Ltd
Order a free sample PDF of the Sinus Dilation Devices Market Intelligence Study, published by Grand View Research.
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The Medical Equipment Optics Market is estimated to grow at a CAGR of 4% during the forecast period 2024-2030 and reach USD 36.5 billion by 2030, from around USD 28.1 billion 2023.
👉 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://tinyurl.com/3ccfuxby
Report CoverageThe report: “Medical Equipment Optics Market Forecast (2024-2030)" by IndustryARC, covers an in-depth analysis of the following segments of the Medical Equipment Optics Market.
By Optical Devices - Image Sensor, Optical Fiber, Fiber Sensor, IR Lamps, UV Lamps, Endoscopes and Others.
By Equipment - Blood Glucose Meters, Blood Pressure Meters, Laparoscope, Optometer, Diagnostic Imaging, XRF Instrument, In-Vitro Diagnostic Equipment, CT Equipment, Contrast Photography, Bone Densitometer and Others.
By End-users - Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers Or Laboratories and Research Organizations.
By Geography - North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and the Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and the Rest of the World (the Middle East and Africa).
#Medical Equipment Optics Market Share#Medical Equipment Optics Market Size#Medical Equipment Optics Market Forecast#Medical Equipment Optics Market Research#Medical Equipment Optics Market Treads#Medical Equipment Optics Market Application#Medical Equipment Optics Market Growth#Medical Equipment Optics Market Price
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The Bone Densityometer Market is expected to register a 4.4% market growth during the forecast period, 2022-2029. The Data Bridge Market research report provides analysis and insight into various factors that are expected to prevail throughout the market during the forecast period while also demonstrating their impact on the growth of the market.
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Bone Densitometers Market Set To Record Exponential Growth By 2026-End
A bone densitometer also known as a dual-energy x-ray absorptiometry (DXA) machine is a device that is used to measure the bone mass and mineral content of a particular part of the skeleton by determining the rate at which it absorbs ionizing radiation. DXA is a simple, quick, and noninvasive technique. A bone densitometer uses ultrasound or X-rays to produce pictures of the inside of the body (usually the lower (or lumbar) spine and hips) to measure bone loss.
The Bone Densitometer Market is expected to grow at a rate of 4.5% by 2026. The rising occurrence of osteoporosis incidence and vitamin D deficiency, the increasing geriatric population, technological advancements in the field of bone densitometry, growing incidents of fragility fracture, and an increasing number of bone-related disorders are some of the key factors driving the global bone densitometer market. However, the high cost associated with bone densitometer products is expected to restrain the market growth.
Increased Adoption of Dual-Energy X-ray Absorptiometry (DEXA) In Various Applications Drives the Bone Densitometer Market
DEXA is a fast and reliable technique of choice in the diagnosis and monitoring of osteoporosis since it objectively measures the most relevant parameters. It is also useful for measuring body composition and its distribution by region. In recent years, new applications have been developed which include vertebral morphometry through the study of the lateral spine, prosthesis integration in orthopedics, and lipodystrophy and lipoatrophy in HIV+ patients. Also, DEXA is comparatively inexpensive with notably shorter scan times and radiation exposure compared to other imaging options.
Estimation of Bone Mineral Density (BMS) Amongst Postmenopausal Women Fuels the Bone Densitometer Market Demand
Osteoporosis is more prevalent among postmenopausal women. This is because the low level of estrogen hormone that occurs at the time of menopause results in significant bone loss. Various researches have demonstrated that there is up to a 10% loss in bone mass in the first five years of women after attaining the menopause phase. It is considered the gold standard for diagnosing osteoporosis and expecting fracture risk with algorithms like the Fracture Risk Assessment Tool.
Adoption of Quantitative Ultrasound (QUS) For Estimating Bone Mineral Status in Children Boosts the Market
QUS is a comparatively recent and noninvasive method of estimating bone mineral status in the peripheral skeleton. In addition to bone density, QUS methods provide some structural information, which may be important in determining fracture risk. QUS technique is safe, easy to use, and cost-effective. The devices are portable, only a few minutes are needed to perform the measurements, and it is radiation-free. These characteristics of QUS are particularly indicated to assess bone mineral status in children.
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North America Holds the Major Share of the Bone Densitometer Market
North America holds the largest share of the bone densitometer market, followed by Europe and APAC. The large share of North America can be attributed to the rising prevalence of osteoporosis, a well-developed healthcare infrastructure, technological advancements in bone densitometer products, and the presence of key market players in the region.
Companies Adopting Organic & Inorganic Growth Strategies to Increase their Market Share
Key players operating in bone densitometer market are adopting various business strategies such as collaborations, acquisitions, partnerships, and new product launches to garner market share. For instance,
•In February 2022, Echolight Medical and Aurora Spine Corporation entered into a joint co-marketing agreement. The mutual agreement is likely to help Aurora to combine Echolight’s bone health assessment capabilities with its proprietary DEXA Technology-based patient-matched implants and promote Echolight’s devices
•In July 2021, DMS Imaging announced the extension of its white-label manufacturing contract for the FUJIFILM Healthcare Group
Competitive Landscape Analysis of Bone Densitometer Market
Some of the key players operating in the global bone densitometer market include GE Healthcare, Hologic Inc., BeamMed Ltd., Echolight S.P.A, Scanflex Healthcare AB, and Medonica Co. Ltd, among others.
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Global Portable Diagnostic Device Market Size Share Trends Forecast 2026
Globally, the demand for portable diagnostic devices is high
Based on region, the Global Portable Medical Device Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe is expected to dominate market of portable diagnostic device market due to increasing market penetration of diagnostic medical devices, and growing emphasis on minimally invasive procedures. Followed by Europe, North America is expected to gain significant market share due to presence of sophisticated healthcare infrastructure, increasing awareness of healthcare professionals and patients. The Asia Pacific is the fastest growing region for portable diagnostic device market due to improving healthcare facility and increasing prevalence of diseases such as HIV, tuberculosis and malaria among the target population. Moreover, with increasing health awareness and increasing focus on prevention, the growing trend of self-diagnosis will propel the demand for portable diagnostic devices in this region.
Some of the major players of the market include PixCell, PT. RAFA Topaz Utama, Siemens AG, Roche Products Limited, Alere, Inc., Instrumentation Laboratory, PTS Diagnostics and Beckman Coulter, Inc. Major players are constantly working towards reducing size of the equipment and integrating extensive database to increase the feasibly of equipment. Entry of innovative products such as point-of-care (POC) troponin test by Roche in 2015, which was aimed at introducing a new portable test for identifying suspected heart attack patients for faster diagnosis is such as example of it.
Portable diagnostic devices allow the ease of diagnostic tests and encourage homecare settings
Information and communication technologies (ICT) are widely used in healthcare industry and have led to significant advancements in ICT based medical devices. Such developments will significantly reduce the office visits in the near future. Portable medical diagnostic devices enable the user to perform diagnosis at home, clinic or any remote area including a suggestion for medication and recommendation to see a doctor thereby reducing potential health risk. These devices are much cheaper than conventional diagnostic equipment used by physicians, thus reducing the cost of high-level healthcare and are much more accessible. Portable medical diagnostic devices are primarily used to transfer medical data from patients to healthcare professional in real time which could eventually reduce the spread of pandemic disease.
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Rising need for early diagnosis is expected to drive the market
Need for medical diagnostic devices in remote or developing areas, where professional and expensive equipment are difficult to access, is primarily increasing the adoption of portable diagnostic device. Further, ease of access with commercial tablets & smartphones combined with provision of immediate results for laboratory analysis is also driving the global portable diagnostic devices market. Increasing private venture funding towards the development of new products and government support towards adoption of point of care device is also contributing towards growth in revenue generation in the global portable diagnostic device market.
Portable diagnostic devices are primarily being adopted by healthcare professionals to personally administer the test to patients for epidemic diseases such as Hepatitis C. Higher efficiency and advantage of immediate results combined with ability to make timely decisions are some of the most appealing features increasing the adoption of portable diagnostic device.
Several challenges such as reducing discharge time for mobile equipment and data security were encountered in the global portable diagnostic device market. These challenges are constraining the growth of the market as most of the devices are not optimized with proper data security and safekeeping which leads to potential HIPAA violations. Also, establishing ‘Bring your own device’ (BYOD) is crucial to ensure patient safety.
Portable diagnostic products commonly include glucose monitoring devices, blood pressure monitoring devices, bone densitometer, wireless devices (Fibits)
The global portable diagnostic devices can be segmented on the basis of product type, end-user and mode of prescription. On the basis of product type global portable diagnostic device can be segmented into glucose monitoring device, infectious disease monitoring, cardio metabolic monitoring, coagulation monitoring, hematology testing, urine analysis device, cholesterol monitoring device, drug abuse monitoring device, pregnancy & fertility monitoring, occult monitoring, tumor/ cancer monitoring and others. Based on end-user, global portable diagnostic device can be segmented into home care settings, hospitals, clinics, ambulatory & surgical center, diagnostic center and others. On the basis of mode of prescription, the global portable diagnostic device market can be segmented into over the counter and prescription based.
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Key Development
Key players in the market are involved in various business strategies such as product launches and partnership, in order to expand their customer base. For instance, in February 2018, Siemens Healthineers partnered with a medical technology startup Jana Care to launch world’s first smartphone-based diagnostic platform ‘Aina’ in India. This platform will enable people to avail high quality test for chronic diseases.
Key companies in the market are focused on various business strategies such as collaboration and product launches, in order to expand their product portfolio. For instance, in January 2019, PTS Diagnostics and Kroger Health jointly announced the launch of CardioCheck Plus analyzers that will assist individuals who are suffering from diabetes in point-of-care blood testing.
Key players are involved in different business strategies such as product launch to expand product portfolio and gain competitive edge in the market. For instance, in July 2018, PixCell Medical launched the HemoScreen, which is blood testing point-of-care analyzer. HemoScreen is portable and user-friendly test device, which produces lab accurate results.
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Worldwide Europe Bone Densitometer Devices Industry to 2029
The Europe Bone Densitometer Devices Market report comprises a thorough analysis of the market drivers, restraints, threats, and opportunities while it also talks the money-spinning investment options for the market players in the coming years. The market size, revenue made from the sales and technologies by various application segments are also evaluated in this business report. Estimates at a global as well as regional level are offered by the analysts. The Europe Bone Densitometer Devices Market document compiles comprehensive intelligence studies that discover almost every aspect of the global market. The market data included in this industry report is extensively researched and analyzed so that key market players can improve their business planning and ensure long-term success. The Europe Bone Densitometer Devices marketing research report has been created after a thorough study of various key market segments like market size, latest trends, market threats & key drivers driving the market. This market report gets acquainted with and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Besides, it also accomplishes the analysis of global market share, segmentation, revenue growth estimation and geographic regions of the market. Competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis till 2029 are also analyzed.
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Market Analysis and Insights : Europe Bone Densitometer Devices Market
The Bone Densityometer Market is expected to register a 4.4% market growth during the forecast period, 2022-2029. The Data Bridge Market research report provides analysis and insight into various factors that are expected to prevail throughout the market during the forecast period while also demonstrating their impact on the growth of the market.
The increasing prevalence of osteoporosis is fueling the growth of the bone densitometer market.
Bone densitometer device is known as a medical tool used to diagnose osteoporosis. A bone densitometry device is used to measure the concentration of calcium in the bones and to measure bone density.
In addition, a bone densitometer is also used to monitor bone changes.
Key Pointers Covered in the Bone Densitometer Devices Market Industry Trends and Forecast to 2029
· Market Size
· Market New Sales Volumes
· Market Replacement Sales Volumes
· Market Installed Base
· Market By Brands
· Market Procedure Volumes
· Market Product Price Analysis
· Market Healthcare Outcomes
· Market Cost of Care Analysis
· Market Regulatory Framework and Changes
· Market Prices and Reimbursement Analysis
· Market Shares in Different Regions
· Recent Developments for Market Competitors
· Market Upcoming Applications
· Market Innovators Study
Bone Densitometer Devices Market Scenario
According to Data Bridge Market Research, the Bone Densitometer market is witnessing increasing absorption rate in developing regions due to increasing cases of osteoporosis, increasing aging population, increasing cases of kidney disease and technological advances to boost market growth in these regions.
Bone Densitometer Devices Market Country Level Analysis
The healthcare analytics testing services market is segmented by type, application, technology, and end user.
The countries covered by the Health Analytical Testing Services Market Report are Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and other Europe.
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Major TOC of Europe Bone Densitometer Devices Market Forecast
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Key Market Competitors Covered in the Report
· BeamMed Ltd.
· CompuMed, Inc.
· Hologic, Inc.
· General Electric Company
· DMS Group
· OsteometerMeditech Inc.
· OSTEOSYS Corp.
· Trivitron Healthcare
· Swissray
· Medonica Co. LTD
· CooperSurgical, Inc.
· Scanflex Healthcare AB
· FURUNO ELECTRIC CO.,LTD
· Medilink UK
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Mobile Imaging Services Market Growth Analysis & Forecast Research Report, 2025
4th May 2021 – Global Mobile Imaging Services Market is expected to reach $2.05 Billion by 2025. Medical imaging services are an initial component of the healthcare industry that is used to diagnose diseases and develop treatment accordingly. Doctors can access visual data easily within their system. Mobile imaging help to remove technical blocks with the help of dedicated imaging software, portable software, and visual communication devices. These services may enhance the communication between various healthcare providers that play important role in improving patient care. The mobile imaging services market is expected to grow at a CAGR of 3.2% in the forecast period.
Rising disorders like neurological disorders, renal disorders, cancer, and cardiovascular diseases, rising use of enhanced diagnostic imaging, government initiative, and growing awareness regarding mobile imaging services are documented as major factors of Mobile Imaging Services that are estimated to enhance the growth in the years to come. However, developing imaging services alternatives may restrain overall market in the coming years. Mobile Imaging Services Market is segmented based on product type, applications, and region.
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Nuclear imaging, X-Ray services, mammography, CT, MRI, ultrasound, and other product types that could be explored in Mobile Imaging Services in the forecast period. The other segment consists of stereotactic breast biopsy equipment and bone densitometers. MRI sector accounted for the largest market share of Mobile Imaging Services and is estimated to lead the market in the coming years. This may be because of rising use of enhanced technology and raising occurrence of multiple sclerosis and brain injuries. Mobile Medical Imaging can accomplish all levels of Diagnostic spine & skull series, X-rays, extremities, chest X-rays, and abdomens using the modern transportable equipment’s. The market may be categorized based on end uses like home healthcare, hospitals & private clinics, and others. Hospitals & private clinics sector accounted for the largest market share in 2016 and are estimated to continue its dominance in the forecast period. This may be because of high demand as it save space, save basic investment, and support doctors in obtaining scans on the spot and determining suitable treatment.
Globally, North America accounted for the largest market share and is estimated to lead the overall market in the coming years. The reason behind the growth of overall market could be technological enhancements, developed healthcare infrastructure, raised demand for digitization in healthcare organizations, and growing awareness amongst populace regarding mobile imaging technologies. The United States is a major consumer of Mobile Imaging Services in this region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing aging population in the region, developing healthcare infrastructure, increasing disposable income, and growing occurrence of chronic diseases. Also, government initiative to increase the oncology and health centers in the region, favorable reimbursement policy, and growing population. The developing countries like India and China are the major consumers of Mobile Imaging Services in this region.
The key players of Mobile Imaging Services Industry are Nuffield Health, Cobalt Health, Alliance HealthCare Services, Front Mobile Imaging, InHealth Group Ltd., and Digiard Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Bone Densitometers Market Statistical Forecast and Analysis Report till 2025
September 02, 2021: The market size of global bone densitometers was worth USD 893.7 million in the year 2016 and is predicted to grow with a CAGR of 3.9% during the forecast period. The significant increase in prevalence of osteoporosis on global level is the major driving force. This has led to an upsurge in demand for efficient assessment with the use of bone densitometers. In addition, the increase in geriatric population base, which is more susceptible to metabolic bone diseases, is expected to provide lucrative growth opportunities.
The rise in osteoporosis incidence in menopausal women is anticipated to be a key growth contributor. According to International osteoporosis foundation, over 200 million females are suffering from this disease globally with 1/10th belonging to 60 years, 2/5th in 80 years’ group, 1/5th in 70 years and 2/3rd in 90 years’ age group. Moreover, every 1 out of 3 women above the age of 50 years were seen to suffer from fragility fractures once in their lifetime.
According to a report published by National Institutes of Health Osteoporosis and Related Bone Diseases, various lifestyle-related factors including smoking, alcohol abuse and sedentary lifestyle are major contributors for development of osteoporosis in males. The above mentioned factors provide a clinical urgency to reduce this disease burden and hence fuel the rate of adoption of these assessment devices to suffice early diagnosis.
Additionally, advent of technologically advanced products such as ultrasound & computer assisted densitometers and integrated digital detectors cater to the needs of technicians and physicians by reducing measurement time and facilitating easy operations. The use of ultrasound based densitometers has increased to wide range of fields including endocrinology, gynecology and various others.
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Furthermore, the increase in demand for these devices can be attributed to the collaborative initiatives undertaken by key companies for research and development of new products to enhance the diagnostic tools for advanced skeletal assessment. Also, funds for research by various healthcare organizations for development of technologically advanced products are also projected to drive the market. For instance, Lunar Expert developed by GE Healthcare provides spatial resolution leading to enhanced risk assessment and identification via advanced visualization.
Technology Insights
The largest share in the technology segment was held by axial bone densitometers with over 60.0% in 2016 as a consequence of consistent adoption rate of these devices. The fulfillment of various requirements and needs of clinicians by usage of these devices can be attributed to the increasing penetration rate of the technology. These majorly include the central dual energy x-ray absorptiometry, technology based tools which are crucial for accurate diagnostic results.
Moreover, the usage of these bone assessment devices are predicted to be a result of enhanced precision, sensitivity, optimum linearity leading to reduced variation in diagnostic performance. The above mentioned factors along with their cost effective nature are responsible for the high adoption of these by clinicians.
End-use Insights
The major share was held by hospitals in 2016 owing to the large volume of patients and frequent readmission. Moreover, sophisticated infrastructure facilitating high efficiency of diagnostic procedures with bone assessment devices is expected to drive the hospital segment.
The rise in initiatives by healthcare organizations to promote technologically advanced and sophisticated instruments for rapid result generation also serves as a key growth driving factor. In addition, hospitals in present scenario are using totally automated systems having the ability for assessment of conditions at an early stage. The aforementioned factors are predicted to positively impact the segment growth during the forecast period.
Regional Insights
The market was dominated by North American region in 2016 owing to the rising osteoporosis burden of the region. Various strategic initiatives by prominent market players for improvement of R&D capabilities and maintaining high medical standards are anticipated to drive the regional demand.
The growth across Asia Pacific region is expected to be exponential throughout the forecast period with a CAGR of xx%. The high growth can be attributed to the rise in demand to reduce the existing prevalence, increased disposable income and improvements is infrastructure of healthcare facilities. The developing economies including China and India presents a potential growth opportunity in the forecast period owing to the high awareness level related to osteoporosis care.
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Competitive Insights
The intensive competition in the industry is expected to rise throughout the forecast period as a consequence of increasing number of strategic initiatives such as new product development, R&D investments, acquisitions and mergers by prominent market players to maintain their competitive edge over the other companies.
For example, Hologic, Inc. in August 2014 received regulatory approval for horizon DXA platform in Canada having workflow efficiencies and enhanced technical capabilities. The integrated ceramic detector array and high resolution achieved by the devices helps in enhanced stability, precision, image quality and skeletal mapping.
Market Segment:
Bone Densitometers Technology Outlook (Revenue, USD Million, 2014 - 2025)
• Axial Bone Densitometry
• Dual Energy X-Ray Absorptiometry (DEXA)
• Quantitative Computed Tomography (QCT)
• Peripheral Bone Densitometry
• Single Energy X-Ray Absorptiometry (SEXA)
• Dual Energy X-Ray Absorptiometry (PDEXA)
• Radiographic Absorptiometry (RA)
• Quantitative Ultrasound (QUS)
• Peripheral Quantitative Computed Tomography (pQCT)
Bone Densitometers End-Use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals
• Clinics
Bone Densitometers Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Mexico
• Brazil
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Mobile Imaging Services Market Size, Share and Competitive Landscape 2025
4th May 2021 – Global Mobile Imaging Services Market is expected to reach $2.05 Billion by 2025. Medical imaging services are an initial component of the healthcare industry that is used to diagnose diseases and develop treatment accordingly. Doctors can access visual data easily within their system. Mobile imaging help to remove technical blocks with the help of dedicated imaging software, portable software, and visual communication devices. These services may enhance the communication between various healthcare providers that play important role in improving patient care. The mobile imaging services market is expected to grow at a CAGR of 3.2% in the forecast period.
Rising disorders like neurological disorders, renal disorders, cancer, and cardiovascular diseases, rising use of enhanced diagnostic imaging, government initiative, and growing awareness regarding mobile imaging services are documented as major factors of Mobile Imaging Services that are estimated to enhance the growth in the years to come. However, developing imaging services alternatives may restrain overall market in the coming years. Mobile Imaging Services Market is segmented based on product type, applications, and region.
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Nuclear imaging, X-Ray services, mammography, CT, MRI, ultrasound, and other product types that could be explored in Mobile Imaging Services in the forecast period. The other segment consists of stereotactic breast biopsy equipment and bone densitometers. MRI sector accounted for the largest market share of Mobile Imaging Services and is estimated to lead the market in the coming years. This may be because of rising use of enhanced technology and raising occurrence of multiple sclerosis and brain injuries. Mobile Medical Imaging can accomplish all levels of Diagnostic spine & skull series, X-rays, extremities, chest X-rays, and abdomens using the modern transportable equipment’s. The market may be categorized based on end uses like home healthcare, hospitals & private clinics, and others. Hospitals & private clinics sector accounted for the largest market share in 2016 and are estimated to continue its dominance in the forecast period. This may be because of high demand as it save space, save basic investment, and support doctors in obtaining scans on the spot and determining suitable treatment.
Globally, North America accounted for the largest market share and is estimated to lead the overall market in the coming years. The reason behind the growth of overall market could be technological enhancements, developed healthcare infrastructure, raised demand for digitization in healthcare organizations, and growing awareness amongst populace regarding mobile imaging technologies. The United States is a major consumer of Mobile Imaging Services in this region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing aging population in the region, developing healthcare infrastructure, increasing disposable income, and growing occurrence of chronic diseases. Also, government initiative to increase the oncology and health centers in the region, favorable reimbursement policy, and growing population. The developing countries like India and China are the major consumers of Mobile Imaging Services in this region.
The key players of Mobile Imaging Services Industry are Nuffield Health, Cobalt Health, Alliance HealthCare Services, Front Mobile Imaging, InHealth Group Ltd., and Digiard Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Portable Diagnostic Device Market Report 2018 with Leading Key Players and Regional Analysis 2026
Portable diagnostic devices allow the ease of diagnostic tests and encourage homecare settings
Information and communication technologies (ICT) are widely used in healthcare industry and have led to significant advancements in ICT based medical devices. Such developments will significantly reduce the office visits in the near future. Portable medical diagnostic devices enable the user to perform diagnosis at home, clinic or any remote area including a suggestion for medication and recommendation to see a doctor thereby reducing potential health risk. These devices are much cheaper than conventional diagnostic equipment used by physicians, thus reducing the cost of high-level healthcare and are much more accessible. Portable medical diagnostic devices are primarily used to transfer medical data from patients to healthcare professional in real time which could eventually reduce the spread of pandemic disease.
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Rising need for early diagnosis is expected to drive the market
Need for medical diagnostic devices in remote or developing areas, where professional and expensive equipment are difficult to access, is primarily increasing the adoption of portable diagnostic device. Further, ease of access with commercial tablets & smartphones combined with provision of immediate results for laboratory analysis is also driving the global portable diagnostic devices market. Increasing private venture funding towards the development of new products and government support towards adoption of point of care device is also contributing towards growth in revenue generation in the global portable diagnostic device market.
Portable diagnostic devices are primarily being adopted by healthcare professionals to personally administer the test to patients for epidemic diseases such as Hepatitis C. Higher efficiency and advantage of immediate results combined with ability to make timely decisions are some of the most appealing features increasing the adoption of portable diagnostic device.
Several challenges such as reducing discharge time for mobile equipment and data security were encountered in the global portable diagnostic device market. These challenges are constraining the growth of the market as most of the devices are not optimized with proper data security and safekeeping which leads to potential HIPAA violations. Also, establishing ‘Bring your own device’ (BYOD) is crucial to ensure patient safety.
Portable diagnostic products commonly include glucose monitoring devices, blood pressure monitoring devices, bone densitometer, wireless devices (Fibits)
The global portable diagnostic devices can be segmented on the basis of product type, end-user and mode of prescription. On the basis of product type global portable diagnostic device can be segmented into glucose monitoring device, infectious disease monitoring, cardio metabolic monitoring, coagulation monitoring, hematology testing, urine analysis device, cholesterol monitoring device, drug abuse monitoring device, pregnancy & fertility monitoring, occult monitoring, tumor/ cancer monitoring and others. Based on end-user, global portable diagnostic device can be segmented into home care settings, hospitals, clinics, ambulatory & surgical center, diagnostic center and others. On the basis of mode of prescription, the global portable diagnostic device market can be segmented into over the counter and prescription based.
Globally, the demand for portable diagnostic devices is high
Based on region, the global portable medical device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe is expected to dominate market of portable diagnostic device market due to increasing market penetration of diagnostic medical devices, and growing emphasis on minimally invasive procedures. Followed by Europe, North America is expected to gain significant market share due to presence of sophisticated healthcare infrastructure, increasing awareness of healthcare professionals and patients. The Asia Pacific is the fastest growing region for portable diagnostic device market due to improving healthcare facility and increasing prevalence of diseases such as HIV, tuberculosis and malaria among the target population. Moreover, with increasing health awareness and increasing focus on prevention, the growing trend of self-diagnosis will propel the demand for portable diagnostic devices in this region.
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Some of the major players of the market include PixCell, PT. RAFA Topaz Utama, Siemens AG, Roche Products Limited, Alere, Inc., Instrumentation Laboratory, PTS Diagnostics and Beckman Coulter, Inc. Major players are constantly working towards reducing size of the equipment and integrating extensive database to increase the feasibly of equipment. Entry of innovative products such as point-of-care (POC) troponin test by Roche in 2015, which was aimed at introducing a new portable test for identifying suspected heart attack patients for faster diagnosis is such as example of it.
#Portable Diagnostic Device Market#Portable Diagnostic Device Market 2018#Portable Diagnostic Device#Medical Devices
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Radiofrequency Ablation Devices Market: Technological Growth Map with an Impact-Analysis
Transparency Market Research (TMR) has published a new report titled, ‘Radiofrequency Ablation Devices for Pain Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global radiofrequency ablation devices for pain management market was valued at US$ 543.0 Mn in 2018 and is projected to expand at a CAGR of above 11.0% from 2019 to 2027.
Overview
Radiofrequency ablation is a minimally invasive surgical procedure that involves a local anesthetic and mild sedation. This procedure is primarily used to reduce chronic low-back and neck pain.
The procedure involves heating a small area of nervous tissue under controlled temperature and as a result help in blockage of pain signals transmitting from that area.
North America dominated the global radiofrequency ablation devices for pain management market in 2018 and the trend is anticipated to continue during the forecast period. Rise in awareness regarding the treatment benefits, high incidence rate of chronic pain among the population in the U.S. are expected to drive the market in North America.
However, Asia Pacific is likely to be a highly lucrative market for radiofrequency ablation devices for pain management and it is expected to expand at a high CAGR during the forecast period
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Growing adoption of RF ablation for pain management among end-users to Drive Market
Pain leads to severe complications, if proper care or treatment is not taken for a long time. High adverse effects and lower efficiency of alternate pain relief procedures and therapeutics such as opioids, acupuncture, and acupressure has led to surge in adoption of radiofrequency ablation devices, which offer better treatment with minimal side effects.
Hence, high availability, easy access, increased awareness, cost-effectiveness, and quick relief provide RF ablation devices for pain management a cutting edge over other treatment options. This is likely to augment the demand for the use of radiofrequency ablation device for pain management in the market.
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Disposable Products Segment to Dominate Market
Based on product type, the global radiofrequency ablation devices for pain management market is classified into RF generators, reusable products and disposable products. The reusable product further segmented into probes and electrodes and disposable products classified as cannulas, needles and single-use probes and electrodes.
Disposable cannulas and probes offers reduction in sterilization costs. Additionally, the connector cables provided for single use probes are long enough to stay out of the sterile field, thus preventing infection. Moreover, it allows temperature-controlled lesion generation procedure. This boosts demand for the disposable products.
Hospital to be Highly Lucrative Segment
In terms of end-user, the global radiofrequency ablation devices for pain management market has been segmented into hospitals, ambulatory surgical centers and specialty clinics.
The hospitals segment is expected to hold the major market share in 2018. The hospitals end-user segment is driven by increasing occurrences of chronic pain disorders especially among elderly individuals.
Moreover, rise in the number of patients suffering from different types of pain getting admitted to hospitals, favorable reimbursement policies, and availability of technologically advanced products in hospitals is likely to drive the segment.
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North America to Dominate Global Market
In terms of region, the global radiofrequency ablation devices for pain management market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global radiofrequency ablation devices for pain management market in 2018, followed by Europe.
North America accounted for major share of the global radiofrequency ablation devices for pain management market in 2018, attributed by rise in geriatric population with chronic pain, pharmacology medication resistance and rise in awareness about the advantages of radiofrequency ablation therapy for pain management. Moreover, launch of new devices that address the unmet medical needs drive the market.
Key players are investing to expand their reach and strengthen their market position in North America market through new product development and approavls, in 2019, Medtronic launched its product Accurian RF system in the U.S.
Competitive Landscape
The global radiofrequency ablation devices for pain management market is fragmented in terms of number of players. Key players in the global market include Boston Scientific Corporation, Diros Technology, Inc., Halyard Health, Inc., Abbott, Stryker Corporation, Olympus Corporation, Merit Medical Systems, Medtronic plc, and AngioDynamic, Inc. among others among others
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Bone densitometer devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growing at a CAGR of 3.9% in the above-mentioned forecast period. Increasing prevalence of osteoporosis and the rising geriatric population will assist in encouraging the growth of the market.
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Bone Densitometer Devices Market Strategic Insights and key Business Influencing Factors | Major Players – Trivitron Healthcare, Swissray, Medonica Co. LTD, CooperSurgical, Inc., Scanflex Healthcare AB.
Bone Densitometer Devices Market is a medical device that utilizes x-ray pieces to measure the calcium concentration of the bone to reverse the bone density and thus the risk of bone fracture. It is also used to discover a disease called osteoporosis where the bone density is small and the hazard or threat of bone invoice or breaking is high. The primary aim of bone densitometer systems is to use treatment techniques to identify those at danger of growing osteoporosis and audit alterations in bone density.
Global bone densitometer devices market is registering a steady CAGR of 4.20% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising incidents of osteoporosis, technological advancement and surging preferences.
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Competitive Analysis: Global Bone Densitometer Devices Market
Few of the major market competitors currently working in the global bone densitometer devices market are BeamMed Ltd., CompuMed, Inc., Hologic, Inc., General Electric Company, DMS Group, Osteometer Meditech Inc., OSTEOSYS Corp., Trivitron Healthcare, Swissray, Medonica Co. LTD, CooperSurgical, Inc., Scanflex Healthcare AB, FURUNO ELECTRIC CO.,LTD, Medilink UK, Demetech AB., KITA, MedWrench, LLC., Dentsply Sirona, Echolight S.p.a., Asclepius Wellness and Tecnicare Healthcare Company among others.
Key Pointers Covered in the Global Bone Densitometer Devices Market Trends and Forecast to 2026
Global Bone Densitometer Devices Market New Sales Volumes
Global Bone Densitometer Devices Market Replacement Sales Volumes
Global Bone Densitometer Devices Market Installed Base
Global Bone Densitometer Devices Market By Brands
Global Bone Densitometer Devices Market Size
Global Bone Densitometer Devices Market Procedure Volumes
Global Bone Densitometer Devices Market Product Price Analysis
Global Bone Densitometer Devices Market Healthcare Outcomes
Global Bone Densitometer Devices Market Cost of Care Analysis
Global Bone Densitometer Devices Market Regulatory Framework and Changes
Global Bone Densitometer Devices Market Prices and Reimbursement Analysis
Global Bone Densitometer Devices Market Shares in Different Regions
Recent Developments for Global Bone Densitometer Devices Market Competitors
Global Bone Densitometer Devices Market Upcoming Applications
Global Bone Densitometer Devices Market Innovators Study
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Key Developments in the Market:
In February 2016, Trivitron Group introduced Labsystems Diagnostics IVD factory to house variety of medical devices & equipment under one campus. It will be the third producing facility which will soon start commercial manufacturing in the park.
In September 2014, CASIS research will launch aboard SpaceX mission to space station. The hardware and life science research sponsored by CASIS for the national laboratory of the space station includes the Bone Densitometer, the first X-ray machine mounted on the space station. By using Dual-Energy X-ray Absorptiometry (DEXA) technology, the Bone Densitometer will enable astronauts to analyze bone density of model organisms in space. In brief, by calculating energy levels absorbed by bones via the device, scientists will be able to evaluate the loss of bone density.
Scope of the Bone Densitometer Devices Market
Global Bone Densitometer Devices Market By Application (Central Scan, Peripheral Scan), Technology (Dual Energy X-ray Absorptiometry, Single X-Ray Absorptiometry, Radiographic Absorptiometry, Quantitative Computed Tomography, Ultrasound, Other), End User (Hospitals, Clinics, Diagnostic Centers, Academic & Research Institutes, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Global bone densitometer devices market is registering a steady CAGR of 4.20% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising incidents of osteoporosis, technological advancement and surging preferences.
Bone densitometer is a medical device that utilizes x-ray pieces to measure the calcium concentration of the bone to reverse the bone density and thus the risk of bone fracture. It is also used to discover a disease called osteoporosis where the bone density is small and the hazard or threat of bone invoice or breaking is high. The primary aim of bone densitometer systems is to use treatment techniques to identify those at danger of growing osteoporosis and audit alterations in bone density.
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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