#Orthopedic Devices Market Analysis

[health-views-updates]

Orthopedic Devices Market Forecast: Key Trends to Watch in 2024

Orthopedic Devices Market Outlook, Scope & Overview:

Industry reports indicate that the global orthopedic devices market was valued at USD 60 billion in 2023 and is projected to reach USD 85.32 billion by 2031, growing at a CAGR of 4.5% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Orthopedic Devices Market

The adoption of advanced orthopedic devices will continue to influence global market revenues. Healthcare providers are increasingly utilizing innovative orthopedic solutions to improve patient outcomes, enhance surgical precision, and reduce recovery times.

As a product segment, joint reconstruction devices currently hold a significant share of the global orthopedic devices market. This segment is anticipated to grow at a year-over-year rate of 4.5% in 2024 over 2023 and reach USD 85.32 billion in revenues by 2031. The increasing prevalence of orthopedic conditions, coupled with advancements in implant materials and surgical techniques, is expected to drive market growth.

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Orthopedic Devices Solutions – Market Dynamics

Drivers:

Orthopedic devices are witnessing significant growth in the global market due to their ability to improve mobility, relieve pain, and restore functionality in patients with musculoskeletal disorders. The rising aging population, increasing incidence of orthopedic injuries, and growing awareness about advanced treatment options are key factors driving the adoption of orthopedic devices worldwide. Additionally, the development of minimally invasive surgical techniques and the integration of robotics in orthopedic surgeries are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high costs associated with advanced orthopedic devices, stringent regulatory requirements, and the complexity of surgical procedures are hindering the widespread adoption of orthopedic devices. Moreover, the risk of post-surgical complications and the need for skilled surgeons to perform orthopedic procedures pose additional challenges to market expansion.

Orthopedic Devices Solutions – Market Outlook

The proven benefits of orthopedic devices in enhancing patient quality of life, improving surgical outcomes, and reducing healthcare costs have contributed to the market's growth. Orthopedic devices are expected to witness increased adoption across major healthcare markets, including North America, Europe, and Asia Pacific, driven by advancements in technology and the growing demand for effective orthopedic treatments.

Global Orthopedic Devices Market

The rise in demand for orthopedic devices in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global orthopedic devices market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of orthopedic devices, supported by increasing healthcare expenditures and investments in medical infrastructure.

Key Players in the Orthopedic Devices Solutions Market

Leading companies in the orthopedic devices solutions market include Zimmer Biomet Holdings, Inc., Stryker Corporation, DePuy Synthes Companies (a Johnson & Johnson company), and Smith & Nephew plc. These companies are at the forefront of developing and commercializing advanced orthopedic devices for various applications, including joint reconstruction, spinal surgery, and trauma fixation.

In conclusion, the global orthopedic devices market is poised for steady growth over the forecast period, driven by technological advancements, increasing prevalence of orthopedic conditions, and the expanding adoption of advanced surgical techniques in orthopedic care.

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[marketresearchfuture22]

9th Nov 2022 Orthopedic Trauma Devices Market Size, Revenue, Major Players, Share, Analysis & Forecast Till 2030

The global market for orthopedic trauma devices market size is projected to register CAGR of 8% during the forecast period as predicted by Market Research Future (MRFR). Increasing number of trauma associated with road accidents and other causes is expected to fuel the market growth. Rising geriatric population also aides the growth of the orthopedic trauma devices market, as people in this age group are highly prone to bone fractures resulting from fall injury and other

[healthcare-skyquest]

The Sports Medicine market is playing an essential role in improving the performance and recovery of athletes worldwide. As the demand for injury prevention and rehabilitation increases, the sports medicine market is expanding rapidly. This article covers the latest market trends, segmentation, growth drivers, and major players, offering insights for industry stakeholders and decision-makers.

Market Overview

According to SkyQuest’s Sports Medicine Market report, the market is currently valued at USD 7.78 Billion in 2023, with a projected CAGR of 5.6%. The increasing awareness of health, fitness, and the rise in sports-related injuries are some of the primary factors driving market growth.

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Market Segmentation

By Product:

Body Reconstruction Products: Used in surgical procedures for repairing damaged tissues and joints.

Body Support & Recovery Products: Includes braces, supports, and physiotherapy devices to aid recovery.

Accessories: Items like tapes, bandages, and disinfectants used for minor injuries and recovery.

By Application:

Knee Injuries: Among the most common sports injuries treated with sports medicine products.

Shoulder Injuries: Shoulder rehabilitation and surgical interventions are critical in sports medicine.

Ankle & Foot Injuries: Foot and ankle injuries account for a large portion of sports injuries, necessitating specialized treatments.

Back & Spine Injuries: Often treated with both conservative and surgical methods in the sports medicine domain.

By End-User:

Hospitals: Major treatment centers for sports injuries and surgeries.

Specialty Clinics: Offering focused treatment and rehabilitation services for sports injuries.

Ambulatory Surgical Centers: Provide outpatient procedures, including orthopedic surgeries related to sports medicine.

Physiotherapy Centers: Focus on non-invasive recovery and rehabilitation through physical therapy.

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Key Growth Drivers

Rising Sports Injuries: With more people participating in sports and fitness activities, the incidence of injuries is growing, driving demand for sports medicine.

Technological Advancements in Surgery: Minimally invasive surgical techniques and advanced rehabilitation technologies are boosting the sports medicine field.

Growing Fitness Awareness: Increased awareness of fitness and wellness is driving the market for injury prevention and performance enhancement products.

Expanding Healthcare Infrastructure: Emerging markets are improving healthcare facilities, further driving the demand for sports medicine.

Leading Companies in the Market

SkyQuest’s Sports Medicine Market report lists the following major players:

Stryker Corporation

Smith & Nephew

Zimmer Biomet

Arthrex, Inc.

Conmed Corporation

Johnson & Johnson

Mueller Sports Medicine, Inc.

DJO Global

Breg, Inc.

Ossur

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Challenges and Opportunities

The sports medicine market faces challenges such as the high cost of advanced treatments and the risk of post-surgical complications. However, opportunities exist in technological innovations and the increasing adoption of telemedicine in the field of sports rehabilitation.

Future Outlook

The future of the sports medicine market looks promising with ongoing advancements in injury prevention, treatment, and rehabilitation technologies. Companies that focus on research and development and capitalize on the growing demand for non-invasive treatments will be positioned for success in the coming years.

The sports medicine market is set to grow substantially as the demand for specialized treatments and preventive care rises. Decision-makers in the healthcare and sports sectors should leverage these market trends to meet the evolving needs of athletes and fitness enthusiasts. For a deeper analysis and strategic insights, consult SkyQuest’s Sports Medicine Market report.

[shubhampawrainfinium]

Bringing X-rays to the Patient: The Benefits of Portable Diagnostic Devices

The global portable X-ray devices market is on a significant growth trajectory, driven by advances in medical imaging technology and increasing demand for mobile diagnostic solutions. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of 11% over the forecast period of 2022-2028. The revenue generated by the portable X-ray devices market was approximately USD 6.3 billion in 2022 and is expected to reach approximately USD 12 billion by 2028.

What Are Portable X-ray Devices?

Portable X-ray devices are compact, mobile imaging systems designed to provide high-quality X-ray images in various settings outside traditional radiology departments. These devices are crucial for performing diagnostic imaging in emergency situations, remote locations, and in-home care settings. They offer the advantage of flexibility, allowing healthcare professionals to conduct imaging procedures without the need for patients to travel to a hospital or clinic.

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Market Dynamics and Growth Drivers

Several factors are contributing to the robust growth of the global portable X-ray devices market:

Increasing Geriatric Population: The growing elderly population, who often have mobility issues and chronic conditions, is driving the demand for portable X-ray devices. These devices enable convenient and effective imaging for patients who are bedridden or have limited mobility.

Rising Incidence of Chronic Diseases: The prevalence of chronic diseases such as respiratory disorders, orthopedic conditions, and cardiovascular diseases is increasing, leading to a higher need for diagnostic imaging. Portable X-ray devices are essential for managing and monitoring these conditions.

Technological Advancements: Innovations in X-ray technology, including the development of lighter, more compact, and more efficient portable systems, are enhancing the capabilities and adoption of portable X-ray devices. Improvements in image quality, battery life, and ease of use are driving market growth.

Emergency and Critical Care Applications: Portable X-ray devices are increasingly used in emergency and critical care settings, where rapid and flexible diagnostic capabilities are crucial. Their ability to provide immediate imaging results supports timely medical decision-making.

Growing Demand for Home Healthcare: The rise in home healthcare services is fueling the need for portable diagnostic solutions. Portable X-ray devices facilitate imaging in home care environments, improving patient comfort and reducing hospital visits.

Regional Analysis

North America: The North American market leads in portable X-ray device adoption, supported by advanced healthcare infrastructure and high technological adoption. The U.S. and Canada are prominent markets due to their strong healthcare systems and increasing demand for mobile diagnostic solutions.

Europe: Europe is experiencing substantial growth in the portable X-ray devices market, driven by an aging population, rising healthcare expenditures, and technological advancements. Countries such as Germany, the U.K., and France are key contributors to market expansion.

Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the portable X-ray devices market, driven by increasing healthcare investments, expanding healthcare access, and rising prevalence of chronic diseases. Emerging economies like China and India are significant markets.

Latin America and Middle East & Africa: These regions are gradually adopting portable X-ray devices, influenced by improvements in healthcare infrastructure and growing healthcare needs. Market growth is supported by increasing investments in medical technology and healthcare services.

Competitive Landscape

The portable X-ray devices market is competitive, with several key players and emerging companies shaping the industry. Notable players include:

GE Healthcare: A leading manufacturer of portable X-ray devices known for its advanced imaging technology and comprehensive healthcare solutions.

Siemens Healthineers: Offers a range of portable X-ray systems with cutting-edge technology and high image quality.

Philips Healthcare: Provides innovative portable X-ray devices designed for various clinical applications, including emergency and critical care.

Canon Medical Systems: Known for its portable X-ray solutions that combine high performance with user-friendly features.

Carestream Health: Offers portable X-ray systems with advanced imaging capabilities and flexible options for diverse clinical settings.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-portable-x-ray-devices-market

Challenges and Opportunities

The portable X-ray devices market faces challenges such as high costs associated with advanced technology and the need for regular maintenance and calibration. Additionally, there may be regulatory and compliance issues related to medical device standards.

However, there are significant opportunities for growth. Increasing healthcare investments, technological advancements, and rising demand for mobile and home healthcare solutions present avenues for market expansion. Companies that focus on innovation, cost reduction, and expanding their product offerings are well-positioned to capitalize on the growing demand for portable X-ray devices.

Conclusion

The global portable X-ray devices market is poised for substantial growth, driven by technological advancements, increasing demand for mobile diagnostics, and rising healthcare needs. With revenue expected to reach approximately USD 12 billion by 2028, the market presents significant opportunities for innovation and investment. As healthcare continues to evolve, portable X-ray devices will play a crucial role in enhancing diagnostic capabilities and improving patient care across various settings.

[kathansky]

Medical Products Market Size, Share, Growth Analysis | 2024-2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Medical Products Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Medical Products report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Medical Products Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis. The research analysis on the global Medical Products Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Medical Products Market circumstances in the forecast period between 2024 and 2031. The global Medical Products Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Medical Products Market has experienced robust growth over the past decade and is projected to continue expanding. Global Medical Products Market size was valued at USD 508.20 billion in 2022 and is poised to grow from USD 542.55 billion in 2023 to USD 915.61 billion by 2031, at a CAGR of 6.76% during the forecast period (2024-2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Medical Products Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Product Type

Wheelchairs {Manual Wheelchair [Folding Frame Manual Wheelchairs, Rigid Frame Manual Wheelchairs], Powered Wheelchair}, Medical Beds {Patient Beds, Examination Beds, Massage Beds, Gurneys Beds}, Walkers {Double Handed Walkers, Single Handed Walkers}, Bathroom Assistive Products {Commodes, Bathtub Seats, Shower Seats}, Orthopedics {Cervical Collar Support, Shoulder Support, Arm Sling, Wrist Splint, Abdominal Binder, Maternity Belt, Elastic Bandage, Air Shield Walker, Knee Support

Device Type

In-Vitro Diagnostics, Dental Equipment, Ophthalmic Devices, Diagnostic Equipment, Hospital Supplies, Cardiovascular Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Diabetes Care Devices, Nephrology, Urology Devices, ENT Devices, Anesthesia, Respiratory Devices, Neurology Devices, Wound Care Devices

End-Use

Hospitals, Ambulatory Surgical Centers, Home Healthcare

Application

Urology, Cardiology, Radiology, IVD

Distribution Channel

Online, Offline

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Following are the players analyzed in the report:

Medtronic (Ireland)

Stryker (US)

Johnson & Johnson Services, Inc. (US)

Fresenius SE & Co. KGaA (Germany)

Koninklijke Philips N.V. (Netherlands)

F. Hoffmann-La Roche Ltd (Switzerland)

General Electric Company (US)

Siemens Healthineers AG (Germany)

BD (US)

Boston Scientific Corporation (US)

Regional Analysis 1. North America: - The United States and Canada dominate the North American Medical Products Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Medical Products consumption. 2. Europe: - Europe is a significant player, with major Medical Products Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Medical Products manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Medical Products Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Medical Products Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

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[researchrealmblog]

How Does Research and Development Boost Medical Injection-Molded Plastics Industry?

The medical injection-molded plastics industry has garnered $23,014.7 million revenue in 2021, and it is projected to rise at a rate of 5.7% from 2021 to 2030, to generate $37,899.5 million in 2030. It is ascribed to the rising consumption of plastic in various healthcare applications, including medical devices, mobility aids, and implant packaging.

Moreover, the surging research & development expenditure, and technological advancements in the healthcare sector propels the requirement for medical-grade injection-molded polymers.

Medical components capture the substantial industry revenue, of approx. 25% and it is further projected to follow the same trend from 2021 to 2030. It is attributed to the massive usage of high-grade plastics for medical equipment manufacturing, including catheters, syringes, containers, and medical bags.

Furthermore, the rising requirement for light and durable medical products, easy to sterilize is projected to propel the industry.

Additionally, the implants generate significant industry revenue, and their sales are projected to rise at a faster rate in the near future. It is ascribed to the rising elderly population, and the growing prevalence of dental implants, orthopedic disorders, endovascular disorders, and cardiovascular diseases.

In addition, the technological advancements in medical implants, led by extensive R&D to provide better results of medical procedures, cause industry propulsion.

Furthermore, mobility aids have experienced the highest CAGR, and it is projected to rise at the fastest rate in the future. It is ascribed to the worldwide rising elderly population, various technological advancements, and increasing healthcare expenses in developing countries.

Moreover, the rising usage of mobility aids, such as drinking aids, wheelchairs, and bath chairs, propels the market expansion.

Injection-molded plastics play a greater role in the transformation of the healthcare sector. These materials are used in the manufacturing of blood sample analysis cuvettes, pregnancy test devices, needle housing, and other medical components. It ensures their lightweight, easy sterilization, and higher affordability.

In addition, these polymers can be utilized in the production of disposable plastic syringes, and blood bags, by molding them. These plastics are used to create antibacterial contact interfaces that can kill bacteria and other pathogens, and reduce infection spread.

Moreover, these plastics can be customized to cater to the requirements of specific applications. They hold the potential to adapt to the smallest and most-delicate molds. Plastics are massively used in the production of surgical equipment, and products, including contemporary pacemakers, stents, catheters, and joint replacement systems.

North America holds the largest industry revenue, of over 40%, and it is projected to follow the same trend in the near future. It is ascribed to growing per capita income, surging healthcare costs, and a rising elderly population.

The U.S. captures a substantial share of the region-based industry, ascribed to highly advanced technology, growing demand for implantable devices, rising health awareness, healthcare policies, and government support.

APAC is projected to experience the fastest growth in the coming future, rising at a rate of over 6%. It is led by the growing application of injection-molded plastics in medical implants, components, and mobility aids.

In addition, the increasing consumer awareness of affordable medical products developed by molded products, rising concern on research and development of medical devices, and growing adoption of cutting-edge technologies in healthcare is projected to propel the industry growth.

Therefore, the medical injection molded plastics industry is projected to rise due to the increasing elderly population.

Source: P&S Intelligence

[businessindustry]

Endoscopic Closure Systems Market By Product, Growth and Research 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Endoscopic Closure Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Endoscopic Closure Systems Market Research share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Endoscopic Closure Systems Market?

The endoscopic closure systems market size reached US$ 304.6 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 444.9 Million by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

What are Endoscopic Closure Systems?

Endoscopic closure systems are medical tools employed during endoscopic procedures to seal incisions or perforations within the gastrointestinal tract. These systems usually comprise a delivery device and closure mechanism, such as clips or sutures, utilized to secure the wound. By preventing complications like bleeding or infection, endoscopic closure systems aid in the healing process. They are frequently employed in procedures like endoscopic mucosal resection (EMR) and endoscopic submucosal dissection (ESD) to guarantee the procedure's safety and efficacy.

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What are the growth prospects and trends in the Endoscopic Closure Systems industry?

The endoscopic closure systems market growth is driven by various factors. The endoscopic closure systems market is experiencing substantial growth due to the increasing global prevalence of gastrointestinal disorders and a rising number of endoscopic procedures. These systems are essential for ensuring procedure safety and effectiveness by enabling the closure of gastrointestinal tract incisions or perforations. Moreover, technological advancements that result in the creation of more sophisticated and user-friendly closure systems are driving market expansion. The market is also impacted by the growing preference for minimally invasive procedures and the escalating demand for enhanced patient outcomes. Hence, all these factors contribute to endoscopic closure systems market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Trocar Closure Devices

Clip Appliers

Suturing Devices

Ligating Loop Appliers

Hemostasis Devices

Others

By Application:

Gastrointestinal Surgeries

Cardiovascular Surgeries

Gynecological Surgeries

Urological Surgeries

Orthopedic Surgeries

Others

By End-User:

Hospitals

Ambulatory Surgical Centers

Specialty Clinics

Academic and Research Institutes

By Technology:

Mechanical Closure Systems

Absorbable Closure Systems

Barbed Closure Systems

Adhesive Closure Systems

Segmentation By Region:

North America:

United States

Canada

Asia Pacific:

China

India

Japan

Australia & New Zealand

Association of Southeast Asian Nations (ASEAN)

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX (Belgium, the Netherlands, Luxembourg)

NORDIC (Norway, Sweden, Finland, Denmark)

Rest of Europe

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

The Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA (Middle East & Africa)

Who are the key players operating in the industry?

The report covers the major market players including:

Medtronic

Ethicon (Johnson & Johnson)

Boston Scientific

Olympus Corporation

Teleflex Incorporated

CONMED Corporation

Applied Medical Resources Corporation

Meril Life Sciences

Frankenman Medical Equipment Co., Ltd.

Braun Melsungen AG

Apollo Endosurgery, Inc.

EndoChoice Holdings, Inc. (now part of Boston Scientific)

Grena Ltd.

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[creativeera]

The Growing Global Physiotherapy Services Market is Trending with Increasing Geriatric Population

The global physiotherapy services market enables patients to relieve pain and improve physical functioning through therapeutic exercises and physical modalities. Physiotherapists treat orthopedic, neurological, sports injuries & chronic conditions through massage, postural alignment, joint mobilization, and therapeutic exercise training to enhance mobility. The steadily aging population globally has fueled demand for physiotherapy to treat mobility issues arising from musculoskeletal conditions.

Physiotherapy services market is estimated to be valued at USD 55.23 Bn in 2024 and is expected to reach USD 79.34 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

Key Takeaways Key players operating in the global physiotherapy services market are ProRehab Physical Therapy, Physiotherapy Associates, Encompass Health, Upright Health, Select Medical Corporation, Rehacare, Celtic Healthcare, ATI Physical Therapy, GymnaUniphy, The Movement Clinic, Fyzical, Aspetar, Athletico Physical Therapy, Physitrack, Apollo Hospitals Enterprise Ltd. Key players are focusing on expanding their network of physiotherapy clinics as well as digital physiotherapy offerings to meet the growing demand. The rising geriatric population globally has significantly increased the Global Physiotherapy Services Market Size to treat mobility issues arising from musculoskeletal conditions includingarthritis, osteoporosis and chronic back pain. Additionally, the frequency of sports injuries and accidents has also fueled the need for physiotherapy interventions. Major players are also actively looking at global expansion opportunities through mergers and acquisitions to consolidate their market presence across regions with high unmet needs. For instance, Select Medical acquired Concentra in 2021 to become one of the largest providers of outpatient rehabilitation services globally. Market Key Trends The growing popularity of online physiotherapy and tele-rehabilitation services is one of the key trends being witnessed in the Global Physiotherapy Services Market Size and Trends. Virtual physiotherapy sessions enable people to access treatment from the comfort of their home, which has especially gained traction during the pandemic. Several players have augmented their offering with digital physiotherapy programs to cater to this rising demand.

Porter’s Analysis Threat of new entrants: Low barrier for setting up a single practitioner clinic however need extensive capital requirement for setting up a large physiotherapy practice or chain. Regulatory requirements also prevents easy entry. Bargaining power of buyers: Moderate bargaining power as buyers have options of both public and private providers. Switching costs for buyers are low. Bargaining power of suppliers: Low as suppliers of physiotherapy equipments and devices have large number of players. Suppliers do not have significant influence on service providers. Threat of new substitutes: Moderate threat from alternative treatment options like yoga, chiropractic care etc however physiotherapy remains the preferred choice for musculoskeletal issues. Competitive rivalry: High as market has low differentiation and major players are focusing on service quality, specializations and brand differentiation to gain competitive edge. Geographical regions where market in terms of value is concentrated- North America accounts for largest share of global physiotherapy services market owing to increasing healthcare spends, prevalence of disabilities and chronic conditions, growing geriatric population and availability of advanced treatment options. Another fastest growing region for the market- Asia Pacific is poised to be the fastest growing region during the forecast period due to increasing healthcare awareness, rising standard of living, growing medical tourism and improvement in healthcare infrastructure and services especially in China and India.

Get more insights on Global Physiotherapy Services Market

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)

[tamanna31]

Medical Plastics: Industry Dynamics, Major Companies Analysis and Forecast- 2030

Medical Plastics Industry Overview

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

In the U.S., the frequent increment in costs and reduced margins have severely impacted healthcare providers and health plans. This compelled the government to ensure a significant transformation of healthcare funding and insurance coverage segments in the country through the introduction of ACA and Medicaid.

The COVID-19 pandemic has made in-home care more appealing than nursing home facilities as home care reduces healthcare costs and is more convenient for patients. According to Medicaid and CHIP Payment and Access Commission (MACPAC), it costs about USD 26,000 a year for home care compared to USD 90,000 a year for a nursing home. Increasing investment in healthcare by the government and rising preference for home care are expected to drive the medical plastics market in the U.S. over the forecast period.

The presence of key manufacturers such as Dow, Inc., Eastman Chemical Co., and DuPont can be regarded as one of the major factors driving the market for medical plastics in the country.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global wood pallets market size was estimated to be USD 13.12 billion in 2023, growing at a CAGR of 4.5% from 2024 to 2030.

• The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030.

Global Medical Plastic Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical plastic market report based on product, application, and region.

Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Polyethylene (PE)

Polypropylene (PP)

Polycarbonate (PC)

Liquid Crystal Polymer (LCP)

Polyphenylsulfone (PPSU)

Polyethersulfone (PES)

Polyethylenimine (PEI)

Polymethyl Methacrylate (PMMA)

Others

Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Extrusion

Injection Molding

Blow Molding

Other

Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Medical Device Packaging

Medical Components

Orthopedic Implant Packaging

Orthopedic Soft Goods

Wound Care

Cleanroom Supplies

BioPharm Devices

Mobility Aids

Sterilization and Infection Prevention

Tooth Implants

Denture Base Material

Other Implants

Others

Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Netherland

Asia Pacific

China

India

Japan

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

Key Medical Plastics Company Insights

Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.

Key Medical Plastics Companies:

The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.

Röchling SE & Co. KG

Nolato AB

Saint-Gobain

SABIC

Orthoplastics Ltd

Eastman Chemical Company

Celanese Corporation

Dow, Inc.

Tekni-Plex, Inc.

Solvay S.A.

HMC Polymers Company Limited

ARAN BIOMEDICAL TEORANTA

Trelleborg Group

Avantor, Inc.

Trinseo

Evonik Industries AG

Recent Developments

Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.

In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[industryforecastnews]

Silicone Market Size To Reach USD 32.26 Billion By 2030 | CAGR: 6.0%

Silicone Market Growth & Trends

The global silicone market size is anticipated to reach USD 32.26 billion by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 6.0% from 2024 to 2030. The industry is expected to grow on the account of the increasing product demand from various end-use industries. The electronics end-use segment is expected to register the fastest CAGR over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications, such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, and Electronic Control Units (ECUs), LED devices, and various ICT equipment. This is attributed to substantial growth in the future.

Major players are involved in mergers and acquisition activities to gain higher market shares. For instance, in November 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corp.’s silicone business in the U.K. and South Korea. In addition, Momentive has acquired KCC’s sales operations in China as well, further boosting Momentive’s global footprint in specialized applications and advanced silicones. Moreover, silicones are biologically inert and are known for bio durability and biocompatibility owing to their inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties make them ideal for a wide range of healthcare applications. Silicones are used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants, among others.

The rising disposable income of consumers and the growing aging population, coupled with an increasing number of initiatives by governments across the globe, particularly in emerging economies including China and India, to provide basic healthcare facilities are expected to augment the product demand. The rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on segment growth. Major players are involved in expansion activities for silicone that provides improved features. For instance, in March 2022, Wacker Chemie AG announced a new production site for silicone in Panagarh, India. The facility will manufacture silicone rubber and ready-to-use silicone compounds for electrical transmission & distribution, electromobility, and medical technology.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/silicone-market

Silicone Market Report Highlights

North America is one of the leading markets for silicone additives owing to its high demand in plastics and composites, manufacturing chemicals, paints and coatings, and food and beverages.

The elastomers segment accounted for a more than 41.0% share of the global industry in 2023 and is estimated to maintain its leading position over the forecast period

This can be attributed to the rising demand for lightweight automobile vehicles

Fluids are one of the largest product segments and are likely to expand at a significant CAGR over the forecast period

This is owing to the properties of fluid silicone products, such as low surface tension, shear stability, and excellent thermos-oxidative resistance

Fluctuating raw material prices of methanol are expected to pose a challenge for the industry players to achieve economies of scale and profitability

End-use Insights

Based on end-use, the industrial process segment led the market with a revenue share of more than 25.0% in 2023. Silicones are extensively used within various industrial processes for a wide range of applications such as antifoaming agents and lubricants in offshore drilling and paper production, industrial coatings, and paint additives. In paints and coatings, silicone is used to boost performance by offering different components with enhanced durability, thermal resistance, and resistance to corrosion & chemicals, thus reducing unplanned maintenance or maintenance costs for industrial infrastructure and machinery.

The construction segment is expected to grow at a CAGR of 5.7% from 2024 to 2030. Silicones in the building & construction industry are widely used owing to their high strength and moisture resistance properties. They can be used in conjugation with numerous materials used for residential and commercial constructions, including concrete, steel, marble, glass, aluminum, and polymers. In addition, they are used in roads, bridges, pipelines, oil rigs, and industrial units. The superior flexibility of silicones helps minimize the damage caused during the occurrence of low to medium-intensity earthquakes, which makes them a viable option over other materials.

In the automotive industry, silicone is used in the form of rubber, grease, coating, and sheets. Silicone rubber is used as a coating for spark plug wires, airbags, and adhesive owing to its resistance to high impact, excellent electrical insulation, weatherability, heat & chemical resistance, and tear strength. In the form of grease, it is widely used as a lubricant for brakes owing to its stability over a wide temperature range.

Silicone Market Segmentation

Grand View Research has segmented the global silicone market on the basis of product, end-use, and region:

Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Fluids

Straight Silicone Fluids

Modified Silicone Fluids

Gels

Resins

Elastomers

High-Temperature Vulcanized (HTV)

Liquid Silicone Rubber (LSR)

Room Temperature Vulcanized (RTV)

Others

Adhesives

Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Electronics

Transportation

Construction

Healthcare

Personal Care and Consumer goods

Energy

Industrial Processes

Others

Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Russia

Spain

Asia Pacific

China

India

Japan

Australia

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

List Of Key Players Of Silicone Market

Elkay Chemicals Pvt. Ltd.

Supreme Silicones

Shin-Etsu Chemical Co., Ltd.

Silchem Inc.

Silteq Ltd

Amul Polymers

Wacker Chemie AG

Specialty Silicone Products, Inc.

Illinois Tool Works Inc.

Evonik Industries AG

Hutchinson

Kemira Oyj

Dow Inc.

Nano Tech Chemical Brothers Private Limited

Elkem ASA

Browse Full Report : https://www.grandviewresearch.com/industry-analysis/silicone-market

[marketresearchfuture22]

9th Nov 2022 Orthopedic Trauma Devices Market Revenue Trends, Company Profiles, Revenue Share Analysis Till 2030

The global orthopedic trauma devices market is projected to register CAGR of 8% during the forecast period as predicted by Market Research Future (MRFR). Increasing number of trauma associated with road accidents and other causes is expected to fuel the market growth. Rising geriatric population also aides the growth of the orthopedic trauma devices market, as people in this age group are highly prone to bone fractures resulting from fall injury and other orthopedic complications. It has also been observed that an increasing number of people are getting interested in some form of sport, owing to increasing awareness about one’s health. This has resulted in an accelerated number of injuries associated with sport, thus having a knock-on effect on the global market size. Moreover, a handful of companies are involved in the development and marketing of orthopedic trauma devices, thereby leading to the market to evolve with growth opportunity.

[deshpandeisha]

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.

Request a Sample Report with Table of Contents and Figures to click Here: https://www.emergenresearch.com/request-sample/1748

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

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/refurbished-medical-equipment-market

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

Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/1748

[globalgrowthinsights]

Digital Commerce Platform Market Developments, Trends & Opportunities till 2032

Digital Commerce Platform Market provides in-depth analysis of the market state of Digital Commerce Platform manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Digital Commerce Platform in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Digital Commerce Platform Market Report:

The report offers a comprehensive and broad perspective on the global Digital Commerce Platform Market.

The market statistics represented in different Digital Commerce Platform segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Digital Commerce Platform are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Digital Commerce Platform.

Major stakeholders, key companies Digital Commerce Platform, investment feasibility and new market entrants study is offered.

Development scope of Digital Commerce Platform in each market segment is covered in this report. The macro and micro-economic factors affecting the Digital Commerce Platform Market

Advancement is elaborated in this report. The upstream and downstream components of Digital Commerce Platform and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/digital-commerce-platform-market-100549

 Global Growth Insights

Web: https://www.globalgrowthinsights.com

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[mitalipingale]

The Small Bone and Joint Orthopedic Devices Market in 2023 is US$ 7.54 billion, and is expected to reach US$ 12.5 billion by 2031 at a CAGR of 6.50%.