Sodium Alginates Market Progresses for Huge Profits During 2015 to 2021

 

There are several types of alginates available in the global market including sodium, calcium, and potassium out of which sodium alginates hold the highest share of the market. Sodium alginate is a type of natural polysaccharide which is extracted from the brown seaweed that grows in cold water regions. Sodium alginate market is expanding mainly on account of the increasing size of food industry. Sodium alginate is soluble in cold and hot water, and possesses thickening and binding properties. Sodium alginate forms a gel without being heated in the presence of calcium. Sodium alginate is generally used along with calcium salts in several cuisines to produce small and large spheres filled with liquid that burst in the mouth. Sodium Alginate is also used in the food industry as an emulsifier to increase viscosity. It is also used in indigestion tablets as it does not have any discernible flavor.

The major drivers for sodium alginate market include the increasing consumption of convenience foods and their multi-functionality. Vulnerability of raw materials of sodium alginate to seasonal changes is one of the major restraints for the market. Increasing cost of alginates is another major concern for the sodium alginate market. China, Japan, India, and Brazil are emerging as potential markets for the sodium alginate market and provide ample opportunity for its growth. 

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Sodium alginate is used as a thickener in syrups, sauces, and toppings for ice cream. Mayonnaise and salad dressings thickened with sodium alginate are less likely to separate into their original oil and water forms. Sodium alginate is also used in pimiento strips inside pitted olives, and as stabilizers in ice cream where it forms ice crystals during the freezing process. Another use of sodium alginate is to form films of sodium or calcium alginate, and fibers of calcium alginates.

The key companies in the global sodium alginate market include Cargill, Inc., Dastech International, Inc., FMC Corporation, DANISCO, FMC, KIMICA, QINGDAO GFURI, Qingdao Bright Moon Group, Qingdao Gather Great Ocean, Qingdao Lanneret, Qingdao Rongde, and Vishnu Gum & Chemicals. 

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Acetone Cyanohydrin Market to Witness Exponential Growth by 2015 to 2021

 Acetone cyanohydrin is manufactured by the reaction of acetone and hydrogen cyanide in presence of water solutions such as KOH and NaOH. Tthe intermediate product however, is unstable in alkaline solution and hence is treated with sulphuric acid until its pHreaches 1-2. Acetone cyanohydrin is used as an intermediate product for manufacturing methylacrylates, methacrylamide, methacrylic acid and methacrylonitrile among others. Acetone cyanohydrin is majorly consumed in the manufacture of methylmethacrylates (MMA). Methylmethacrylates are used in the production of polymethyl methacrylate. In addition, acetone cyanohydrin finds applications in manufacturing of insecticides, flavoring agents and pharmaceuticals among others.

The market for acetone cyanohydrinwas driven by substantial demand from methylmethacrylate. industry. Methylmethacrylate is further polymerized into polymethylmethacrylate (PMMA). PMMA is used in various end-user industries such as electronics & electrical, signs and displays, medical & healthcare, automotive, building & construction, waste management and water treatment industries, among others. Electronics & electrical was one of the major industries for PMMA in the past decade. Another major outlet for acetone cyanohydrins was insecticides where it is used as a raw material. Acetone cyanohydrin is used to manufacture ethyl alpha-hydroxyisobutyrate, a pharmaceutical intermediate. In addition, acetone cyanohydrins are also used in the metal separation process in the form of a complexing agent.In spite of this variety of applications, acetone cyanohydrin is usually considered as potentially hazardous chemical as it releases hydrogen cyanide when in contact with water. These environmental and health regulations associated with acetone cyanohydrins  in North America and Europe can have major impact on the market and is likely to hinder the growth of the acetone cyanohydrin market during the forecast period. 

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In terms of demand, Asia Pacific was the leading consumer for acetone cyanohydrinmarket. China had the largest demand for acetone cyanohydrin market owing to huge demand from methyl methacrylate industry. Huge demand for PMMA has been the key factor for growth of MMA industry. Moreover, other countries such as Japan, India, South Koreaand Taiwan are likely to exhibit more demand for acetone cyanohydrin in upcoming years owing to huge demand from MAA industry. Asia Pacificwas followed by Europe. Growing demand from agrochemical and MMA industry is driving the acetone cyanohydrin market in Europe. European countries such as Germany, the UK, Sweden and France were the major consumers of acetone cyanohydrin in this region. However, stringent health and environmental regulations associated with acetone cyanohydrin in European Union can act as a major restraint for the market in next few years to come. In 2012, North America had the third-largest demand for acetone cyanohydrin. The North America market for acetone cyanohydrin was led by The U.S.However, acetone cyanohydrin is considered as potentially hazardous material in U.S. Emergency Planning and Community Right-to-Know Act which can constraint the growth of the acetone cyanohydrin market in this region.Rest of the World market is anticipated to stable demand for acetone cyanohydrin market in near future owing to demand for PMMA, subsequently driving growth for acetone cyanohydrin in next few years.

The market for acetone cyanohydrin is concentrated and is dominated by major manufacturers. Some of the key manufacturers in theacetone cyanohydrinmarket areBASFSE, Evonik Industries AG, INEOS, Mitsubishi Chemicals Co. Ltd., The Dow Chemical Company, Tokyo Chemical Industry Co. and UNEP Chemicals among others.

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Automated Endoscope Reprocessor Market to Witness Exponential Growth by 2016 and 2024

Endoscopes are an important diagnostic and therapeutic tool in healthcare. Automated endoscope reprocessor devices are used to clean, sterilize, and disinfect an endoscope. Physicians use endoscopes multiple times to diagnose and treat various diseases. Endoscopes are used on a number of patients, making them prone to contamination after use. To avoid risk of infection, endoscopes need to be sterilized before use. The global automated endoscope reprocessors market estimated to be worth US$ 740.6 Mn in 2015, is expected to increase at a CAGR of 7.2% through 2024.

Key market dynamics

Increasing adoption of automated endoscope reprocessors in hospitals for infection control and prevention is expected to fuel revenue growth of the global automated endoscope reprocessors market over the forecast period (2016 – 2024). An increasing number of endoscopy procedures coupled with minimally invasive surgeries among a rising global population is further expected to drive demand for the adoption of automated endoscope reprocessors. Rising concerns pertaining to patient safety, strong healthcare infrastructure support, and well-established reimbursements for surgical procedures are also driving revenue growth of the global automated endoscope reprocessors market.

However, risk of infection after endoscopic reprocessing procedures and complications associated with automated endoscope reprocessors are some of the challenges likely to hamper the growth of the global automated endoscope reprocessors market over the forecast period.

Segment analysis

The global automated endoscope reprocessors market has been segmented as under:

• By Product Type
  • Single Basin Automated Endoscope Reprocessors
  • Double Basin Automated Endoscope Reprocessors
• By Modality
  • Standalone Automated Endoscope Reprocessors
  • Bench Top Automated Endoscope Reprocessors
• By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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The Single Basin Automated Endoscope Reprocessors product type segment is anticipated to dominate the global automated endoscope reprocessors market in revenue terms during the forecast period. This segment is expected to exhibit the highest growth over the forecast period, registering a CAGR of 8.6% between 2016 and 2024.

The Standalone Automated Endoscope Reprocessors modality segment is anticipated to be the most attractive segment of the global automated endoscope reprocessors market throughout the forecast period. Revenue from this segment is expected to increase 1.7X by 2024 end as compared to that in 2016.

The Hospitals end user segment is estimated to account for 65.6% revenue share of the global automated endoscope reprocessors market by 2016 end. This segment is projected to be the most attractive market segment, registering a market attractiveness index of 2.6 during the forecast period.

Regional analysis

The global automated endoscope reprocessors market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market in terms of revenue and is estimated to hold a market share of 41.2% by the end of 2016. This market is projected to witness a CAGR of 8.2% over the forecast period. Europe is expected to be the second most lucrative regional market in the global automated endoscope reprocessors  market and is expected to represent absolute $ opportunity of US$ 13.6 Mn in 2017 over 2016. The Asia Pacific automated endoscope reprocessors market is anticipated to reach US$ 210.2 Mn by the end of 2024, expanding at a CAGR of 6.7% over the forecast period.

Key market players

Cantel Medical Corp., Olympus Corporation, Johnson & Johnson, Steris Plc., Steelco SpA, Getinge Group, Metall Zug AG, Hoya Group, and Laboratoires Anios are some of the leading companies operating in the global automated endoscope reprocessors market. Top market players are focusing on utilizing advanced medical technology and infrastructure to develop innovative, cost-effective, and high quality products to enhance their presence in untapped, emerging markets. Some of these companies are also entering into strategic mergers and acquisitions and collaborations with endoscope manufacturers to enhance their product portfolio and increase market share.

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The global automated endoscope reprocessors market is highly consolidated owing to high price of the equipment and high capital required for systems manufacturing. In 2015, Olympus Corporation was the leader with maximum market share in terms of revenue in the global automated endoscope reprocessors market. Cantel Medical, Steris Plc., and Advanced Sterilization Products Services Inc. (Subsidiary of Johnson & Johnson) offer a wide product portfolio in the global automated endoscope reprocessors market. Steris Corporation also holds a substantial market position in the global automated endoscope reprocessors market. Getinge Group and Laboratoires Anios collectively hold more than 50% of market revenue share in the Europe automated endoscope reprocessors market. Pentax medical (Hoya Corporation) is focusing on expanding its endoscopy segment in the Asia Pacific and Europe markets.

Compression Therapy Devices Market to Record an Exponential CAGR by 2014-2020

Increasing participation in sports activities, increasing awareness about various venous diseases and various such factors are the outcome of various injuries. Such injuries and anatomical targets need to be compressed with application of an external force, which has escalated demand for equipment and tools related to compression. Due to such factors, the global compression therapy market is projected to witness an upsurge in growth. The compression therapy can be conducted with the application of various garments and devices such as bandages, air pumps, boots or gloves, and inflatable supplementary sleeves. Various hospitals and clinics are increasingly purchasing various compression devices and garments, due to surge in injuries, venous, diabetic or lymphatic diseases. Inclination of various hospitals, clinics and medical stores towards storage and application of such garments and devices add to list of various factors projected to witness a boost in demand for various compression garments and tools, which in turn is fueling growth of the global compression therapy market in the span of next six years. In 2014, the global compression therapy market was valued at US$ 2,377.8 Mn. The global compression therapy market is projected to reach US$ 3,232.3 Mn, expanding at a CAGR of 5.2% over the forecast period, 2014-2020.

Key Market Dynamics

Surge in old population, rising prevalence of diabetes, lymphatic diseases venous diseases, and surge in sports injuries are a few factors, which are estimated to boost demand for the range of compression equipment, garments, and devices in the near future. Deep vein thrombosis, venous eczema, diabetic foot ulcers, and lower limb edema are various kinds of lymphatic diseases, where compression therapy tools, garments, and devices find application, which in turn revs up growth of the global compression therapy market in the near future. Into the bargain, owing to developing technology regarding compression equipment, garments, and devices flaunting additional features, are further responsible for driving demand for the global compression therapy market. Such factors are predicted to escalate growth of the market in the span of next six years. The compression garments, devices, and equipment avoid the blood from pooling into the legs, which in turn helps maintaining a health blood circulation, throughout the body. Application of compression therapy garments, and devices are mainly designed for application of varying degree of pressure to anatomical targets.

Conversely, rising threats of complications and insufficient reimbursement policies pertaining to compression therapy garments, devices and equipment are anticipated to inhibit growth of the global compression therapy market in the upcoming years.

Segment Analysis

On the basis of product type, the global compression therapy market is segmented into dynamic compression therapy, and static compression therapy. The dynamic compression therapy is further classified into segmented pneumatic pumps, non-segmented pneumatic pumps, and others. Whereas, the static compression therapy is further classified into compression garments, diabetic shoes, compression bandages, and others.

Regional Analysis

On the basis of region, owing to surge in old population in parallel to rise in sports related injuries, North America is projected to retain dominance in the compression therapy market in the span of next six years. Nearly 1.3 Mn cases regarding sports injuries among youngsters are annually reported in the U.S., according to Safe Kids Worldwide, which is a global organization committed to avoiding children from getting injured. Into the bargain, surge in obese population, and rapid prevalence of diabetic issues are further predicted to boost demand for compression garments, and devices, which in turn is estimated to escalate growth of the compression therapy market in the upcoming years. The compression therapy market of North America is projected to escalate from US$ 2,377.8 Mn in 2014 to US$ 1,515.4 Mn, registering a CAGR of 5.4% by 2020-end.

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Attributed to surge in incidences related to sports injuries, the compression therapy market in Europe is estimated to witness a moderate growth. France, Germany, Spain, Italy, and the U.K. account for the major share of the compression therapy market in Europe, in the upcoming years. Around 4.5 Mn people beyond 15 years age limit are admitted in the hospitals for treating sports related injuries annually, according to the European Injury Database (IDB).

Furthermore, owing to rising occurrences of sports injuries in various Southeast Asian countries, such as India, the compression therapy market is predicted to contribute significantly towards growth in the coming years. Additionally, surge in old population, in parallel to rising prevalence of diabetic issues are significantly supporting growth of the compression therapy market in the span of next six years. India, Japan, and China are projected to be the fastest growing countries in the compression therapy market in Asia. Nearly, 21,334 incidences of sports injuries occur annually in Asia, according to Asian Federation of Sports Medicine (AFSM), which is a fragment of International Federation of Sports Medicines (FIMS).

Key Market Players

Some leading players of the global compression therapy market include 3M Company, Smith & Nephew plc, Medtronic plc, and SIGVARIS. Other prominent key players that operate in the compression therapy market comprise PAUL HARTMANN AG, medi GmbH & Co. KG, ArjoHuntleigh, Julius Zorn GmbH., THUASNE, and BSN medical GmbH.

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E Prescribing Market to Undertake Strapping Growth During 2013-2019

E-prescribing or electronic prescribing (e-Rx) is the electronic transmission of prescriptions from physician to pharmacists using electronic communication devices. With several governments taking active efforts in improving healthcare infrastructure, the global e-prescribing market has been witnessing steady growth since the past few years. The global market for e-prescribing, which reached a value worth US$ 250.2 Mn in 2013, is expected to attain the revenues worth US$ 887.8 Mn by the end of 2019. Over the forecast period 2013-2019, the market will expand at a staggering CAGR of around 23.5%.

Key Market Dynamics

E-prescribing systems are widely used in the preparation of complete medication lists. Moreover, they also aid data security checks and extraction of complete information of patient history and formulary. The global E-prescribing market is gaining traction due to increasing applications in healthcare and substantial support from governments across the globe. Growing need for improved healthcare quality and minimized medication errors is another key driver expected to fuel the market growth during the forecast period. A large number of medical and healthcare centers and hospitals in developing economies are increasingly implementing electronic health record systems (EHRs), which will further bolster the demand for E-prescribing.

However, widespread adoption of E-prescribing systems is facing limitation due to higher initial costs and risks related to security and privacy of patients’ data. This is a major factor that will continue to deter the market growth over the forecast period. Developing markets still encounter with a set of longstanding roadblocks, including inadequate IT expertise and low availability of high-speed broadband facilities. These are also predicted to continue hampering the market growth, especially in emerging economies.

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Segment Analysis

The global E-prescribing market is segmented on the basis of product type into integrated system and stand-alone system, by component into software, hardware, and services. Based on delivery mode, the market is bifurcated into web-based, cloud-based, and licensed or on-premise delivery mode, and based on the usage mode into hand-held devices and PC-based. On the basis of end-user, the market has two sub-segments, hospitals and office-based physicians. Integrated system is the largest E-prescribing system and web-based E-prescribing system is the largest delivery mode. Software is the largest component of the E-prescribing system. Hand-held device usage mode has the largest market share and hospitals segment is the largest end user of E-Prescribing system.

Regional Analysis

The regional analysis bifurcates the global E-prescribing market into four key geographical segments - Europe (Germany, the U.K., France, and the Netherlands), North America (the U.S. and Canada), Asia (Japan and China), and rest of the world. Europe will continue to hold the largest market share, owing to increasing eHealth projects across the region. Rising adoption rate of the European Patient Smart Open Services (epSOS) is anticipated to strengthen the market in Europe, coupled with the Schleswig-Holstein Health Initiative. North America will however represent the fastest growing regional market, attributed to higher adoption of electronic prescribing systems to support the increasingly sophisticated healthcare infrastructure. In addition, various initiatives such as, Health Information Technology for Economic and Clinical Health (HITECH) Act and National Council for Prescription Drugs Program are advocating the use of e-prescribing system. The Asian market is expected to witness a slight uptick due to improved penetration of the e-prescribing technology.  

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Key Market Players

The global E-prescribing market is operated by some major players; Henry Schein, Inc., Cerner Corporation, athenahealth, Inc., DrFirst, eClinicalWorks, HealthFusion, Inc., and Practice Fusion, Inc. are a few to mention.

Particulate Respirators Market to Perceive Substantial Growth During 2020

A respirator is a medical device that is designed from protection against inhaling dust, harmful fumes or gases. A respirator may be air purifying or air supplying in its nature. Based on different applications, various types of respirators are available in the market. For instance, respirators are used for military purposes, laboratory purposes and others. Respiratory devices market is growing at a significant rate due to increasing prevalence of respiratory diseases and growing awareness for different levels and different types of respiratory diseases. Various types of respirators are air purifying respirators, mechanical filter respirators, chemical cartridge respirators, powered air-purifying respirators (papers) and others. Air-purifying respirators are of many types negative-pressure respirators which include chemical media and mechanical filters. Positive pressure respirators include powered air-purifying respirators (PAPRs). Air-Purifying escape respirators (APER) are used by the general public for radiological, biological, chemical and nuclear (CBRN) terrorism incidents. Particulate respirator refers to a medical device that is used for purifying air. It helps to inhale pure air as it has a filtering element that blocks the entry of contaminated air. On the basis of designing, particulate respirators can be categorized into half face particulate respirators and full face particulate respirators. The global market for particulate respirators is increasing at a significant rate due to increasing number of respiratory disorder cases.  

North America dominates the global market for particulate respirators due to high level of awareness among population for the use of particulate respirators in the region. In addition, increased R&D initiatives in the healthcare sector are driving the particulate respirators market in North America. Asia, followed by Europe, is expected to show high growth rate in next few years in global particulate respirators market. China and India are expected to be the fastest growing particulate respirators markets in Asian region. Some of the key driving forces for particulate respirators market in emerging countries are increasing R&D activities, large pool of patients suffering from respiratory diseases and growing awareness for particulate respirators in the region.

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Some of the key factors driving the global particulate respirators market are low cost, increased R&D activities in the healthcare sector and government initiatives for the security of healthcare workers. Some of the other major factors driving the particulate respirators market are increasing prevalence of respiratory diseases and growing awareness about the impotence of using particulate respirators. However, lack of awareness about the availability of different types of particulate respirators is retraining the particulate respirators market.

Growing demographics and economies in the developing countries hold a great potential for particulate respirators market. In addition, innovations of particulate respirators with improved features and user’s comfort are expected to offer good opportunities for particulate respirators market. One of the latest trends that have been observed in the particulate respirators market includes companies involved in mergers and acquisitions. Some of the major companies dealing in the particulate respirators market are 3M, Drägerwerk AG & Co. KGaA and The Gerson Company. Some other companies having significant presence in particulate respirators market are Medline Industries, Inc, Honeywell and Aearo Company.

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Artificial Heart Lung Machine Market to Perceive Substantial Growth During 2020

Cardiovascular devices industry is growing at a significant rate globally, due to increasing number of cases with heart diseases and other cardiovascular problems. In addition, technological advancement in this field and growing awareness has increased the growth of cardiovascular devices market. An artificial heart refers to a medical device that is used in replacement of the heart. Artificial hearts are used in case heart transplantation in not possible. It is used to support the failing heart. Popularity of artificial hearts is growing due to their effective results. Artificial heart-lung machine refers to a medical device that is used for temporarily diverting the flow of blood, oxygenating it and pumping the oxygenated blood into the body. An artificial heart-lung machine comprises of a pump and an oxygenator for performing its function. Artificial heart-lung machine is especially used during open heart surgery. The global artificial heart-lung machine market is growing at a significant rate due to increasing number of cardiovascular surgeries and technological advancements in the field. In addition, growing awareness in the field and government initiatives in improving the healthcare facilities are helping in increasing the global market for the artificial heart-lung machine market.

North America dominates the global market for artificial heart-lung machine due to high prevalence of heart problems and aging population in the region. In addition, technological advancement in the field is driving the artificial heart-lung machine market in North America. Asia, followed by Europe, is expected to show high growth rate in next few years in global artificial heart-lung machine market. China and India are expected to be the fastest growing artificial heart-lung machine markets in Asian region. Some of the key driving forces for artificial heart-lung machine market in emerging countries are increasing large pool of patients in these regions. In addition, rising government funding and growing awareness in the field is driving the artificial heart-lung machine market in these regions.

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Some of the major factors driving global artificial heart-lung machine market are increasing prevalence for heart diseases, rising awareness about the different cardiovascular devices available and growing government initiatives in the field. In addition, technological advancements and improvement in the healthcare facilities are driving the artificial heart-lung machine market. However, less lifecycle of the product is restraining the global artificial heart-lung machine market. In addition, lack of skilled medical professional for properly operating the device is restraining the global artificial heart-lung machine market. 

Growing demographics and economies in the developing countries hold a great potential for growth of artificial heart-lung machine market. In addition, innovation of artificial heart-lung machines with improved features and lifecycle are expected to offer good opportunities for artificial heart-lung machine market. One of the latest trends that have been observed in the artificial heart-lung machine market includes the companies involved in R&D of new products with improved features. Some of the major companies dealing in artificial heart-lung machine market are Medtronic Inc., Sorin Group and MAQUET GmbH & Co. KG. Some other companies having significant presence in artificial heart-lung machine market are Terumo Corporation, C. R. Bard Inc. and Edwards Lifesciences.

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India Pallets Market to Expand with Significant CAGR During 2015 to 2021

As the Indian economy expands, the pallets market in India is poised to grow substantially. Pallets are load bearing structures that serve as a rigid base for the transportation and storage of various materials and products that make up as the unit load. These pallets are usually handled by forklifts or pallet jacks. In most of the cases, pallets are rectangular in shape and occupy an area of one square meter or more. The India pallets market is projected to register a CAGR of 13.9% in terms of value over the forecast period of 2016-2024. In 2016, the India pallets market was valued at INR 6,223.1 Cr. (US$ 971.9 Mn).

Key market dynamics

A robust growth of the manufacturing sector in India is an important market driver increasing the use of pallets in the Indian market. The manufacturing sector in India is poised to take off and exhibit a sustained growth due to the government initiatives like ‘Make In India’ and the rollout of the GST tax structure in the coming years. Such kind of reforms are likely to have a positive impact on the manufacturing sector in India. Due to the fillip received in the manufacturing sector, the development of the warehousing industry is likely to receive a major boost, and as a direct consequence of this, the pallets industry in India is likely to grow significantly. In addition, the growth in demand for safe transportation of goods and various materials is likely to further boost the use of pallets in the Indian market. All these factors are likely to boost the growth of the India pallets market over the forecast period.

However, decline in international trade and India being a labor intensive industry is likely to hamper the growth of the India pallets market. In addition, a lack of proper warehousing infrastructure is likely to restrict the growth of the India pallets market. Environmental concerns over the use of wooden pallets may also restrict the growth of the India pallets market as majority of pallets are made of wood in the Indian market.

One of the major trend in the India pallets market is the usage of pallets in large chain retail stores. Most of the key players operating in the India pallets market adopt pallets for the transportation of their products.

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Segment analysis

On the basis of materials, the India pallets market can be segmented into wood, composite wood, plastics, metal, and paper. The metal segment is further sub-segmented into steel and others (aluminum). The Wood segment accounted for a major share in terms of value in 2015. However, the Plastics segment is likely to register a relatively high CAGR during the forecast period.

On the basis of structural design, the India pallets market can be segmented into block pallets, stringer pallets, and customized pallets. The block pallets market in India is estimated to grow at a significant CAGR during the forecast period.

On the basis of end use, the India pallets market can be segmented into pharmaceuticals products, chemical & petrochemical products, engineering products, textile & handicrafts, agriculture & allied products, leather products, marine products, and others (food and beverage). The engineering products segment is expected to dominate the market in terms of value and volume during the forecast period.

Companies dominating the India pallets market

The India pallets market is highly fragmented with the unorganized sector accounting for a majority of the market. Some key players identified in the India pallets market are Mekins Group, Saraswati Engineering Limited, LEAP India Pvt. Ltd., DNA Packaging Systems, Spanco Enterprises, Doll Plast Pallets, Schoeller Arca TIME Material Handling Solutions, B.D. Industries (India) Pvt. Ltd., and Aristoplast Products Pvt. Ltd.

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Bioabsorbable Stents Market to See Incredible Growth During 2015 to 2021

Stents are commonly used in the treatment of blocked arteries. They are tiny and expandable mesh tubes that hold arteries open and help treat coronary and peripheral artery diseases. Bioabsorbable stents are defined as fully biodegradable stents that completely disappear overtime. 

Bioabsorbable stents can be broadly classified into two main types: polymeric bioabsorbable stents and metallic alloy bioabsorbable stents. Polymeric bioabsorbable stents are widely used in cardiovascular devices. Polymers used in bioabsorbable stents are Poly-L-Lactic acid (PLLA), Poly (D, L-lactide/glycolide) copolymer (PDLA), Polyglycolic Acid (PGA), and polycaprolactone. Usage of bioabsorbable polymer coating reduces the need for extended dual anti-platelet therapy and reduces thrombotic events. Poly-L-Lactic acid is widely used in medicine and breaks down lactic acid into natural metabolites in the human body. After that, Poly-L-Lactic acid enters into Krebs cycle and metabolized carbon dioxide and water.

Iron and magnesium are the most frequently used metal alloys used to make metallic bioabsorbable stents. Factors that determine the biocompatibility of these metal alloys are their solubility and degradation products. Magnesium bioabsorbable stents are the most commonly used metallic alloy stents in disease management as magnesium is an essential element of the human body. It induces rapid endothelialization and lowers thrombogenicity. Magnesium bioabsorbable stents have a lower degradation time of about 2 – 3 months compared to iron-based bioabsorbale stents.  

Geographically, North America dominates the global bioabsorbable stents market owing to the increased awareness about the important role played by bioabsorbable stents in the treatment of coronary ailments in the region. In addition, technological advancements in bioabsorbable stents products is also supporting in the growth of this market in North America. The U.S. represents the largest market for bioabsorbable stents, followed by Canada, in North America. In Europe, Germany, Italy, the U.K., and France holds major shares of the bioabsorbable stents market. However, Asia is expected to exhibit a high growth rate in the next five years in the global bioabsorbable stents market given the increasing public awareness about various coronary and peripheral artery diseases in the region. Japan, China, and India are expected to be the fastest growing bioabsorbable stents markets in Asia. 

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In recent times, increasing prevalence of coronary and peripheral artery diseases is the key driver of the global bioabsorbable stents market. Bioabsorbable stents avoid stent-in-stent procedures. They also eliminate the need for dual anti-platelet therapies and treat coronary artery diseases more effectively. Accurate stent placement and low cost treatment also attract patients to adopt bioabsorbable stents for disease management.   

However, slow adoption rate of stents in disease management is the key restraint faced by the global bioabsorbable stents market. High risks of complications associated with bioabsorbable stents and high selling price also hampers the market growth. In addition, inadequate reimbursement policies and presence of substitutes are some of the major challenges faced by the global bioabsorbable stents market. Rising number of product launches and increasing mergers and acquisitions between key players are key trends of this market. 

Major companies operating in the global bioabsorbable stents market are Abbott Laboratories, Arterial Remodeling Technologies SA, Amaranth Medical, Inc., BIOTRONIK SE & Co. KG, REVA Medical, Inc., Kyoto Medical Planning, Co., Ltd., and Elixir Medical Corporation.

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Bone Grafts Market to See Incredible Growth During 2015 to 2021

Implants are used to treat orthopedic, dental and spinal injuries. In many medical conditions, such as injuries and trauma, bone grafts are used to stimulate the growth of new bone which supports implants. Most bone grafts materials are derived from human and animal bones. 

In addition, bone grafting is a surgical procedure which is used to fix problems associated with joints or bones. Bone grafting and transplanting of joint tissue plays a vital role in fixing of bones after injuries and trauma. The bone used in a bone graft can come from patient’s own body, from a donor, or could be entirely manmade. Bone grafts are mainly classified into two types: allograft and autograft. In allograft, graft uses bone from a donor or a cadaver that has been stored in tissue banks. However, autograft is defined as those types of grafts which are made from a bone inside patient body such as hips and ribs. The use of bone grafts depend on the types of injuries and diseases. For instance, allograft is mainly used in the treatment of knee, hip, arms and legs injuries. 

The global bone grafts market is segmented into standard allografts, demineralized bone matrix (DBM), machined bone allografts, bone morphogenetic protein (BMP), synthetic bone grafts and stem cell based bone grafts.

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In terms of geographic, North America dominates the global bone grafts market. This is due to increased awareness about importance of bone grafting procedures in the region. In addition, increased adoption of cell-based matrices is also supporting in the growth of bone grafts market in the region. The U.S. represents the largest market for bone grafts followed by Canada in North America. In Europe, Germany, Italy, the U.K. and France holds major share of bone grafts market. However, Asia is expected to show high growth rates in the next five years in global bone grafts market. This is due to increasing public awareness towards bone regeneration in the region. Japan, China and India are expected to be the fastest growing bone grafts markets in Asia. 

In recent time, rising number of aging populations is key driver of the global bone grafts market. Increasing number of spinal fusion and joint reconstruction surgeries, along with advanced bone grafts and increased public awareness of bone regeneration achieved through biologics are also supporting in the growth of global bone grafts market. Moreover, rising prevalence of periodontal diseases coupled with increasing incidences of dental fractures have fueled the demand of dental bone grafts market.

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However, stringent regulations obstruct the growth of bone grafts market. In addition, high cost of bone grafting surgeries and inadequate reimbursement policies for bone grafting also hampers the growth of global bone grafts market. Rapid product launches and increasing mergers and acquisitions between bone graft systems manufacturing companies are some of the major trends in the global bone grafts market. 

Some of the major companies operating in the global bone grafts market are Zimmer Holdings, Inc., BioMimetic Therapeutics LLC, Wright Medical Technology, Inc., Stryker Corporation, Smith & Nephew Plc, RTI Surgical, Inc., Olympus Biotech Corporation, NuVasive, Inc., NovaBone Products LLC, Medtronic, Inc., LifeNet Health, Inc., Integra LifeSciences Holdings Corporation, Exactech, Inc., DePuy Spine, Inc., Synthes Inc., DePuy Synthes Companies, Biomet, Inc. and AlloSource.

Medical Ultrasound Equipment Market to Expand with Significant CAGR During 2015 to 2021

Medical ultrasound refers to a technology that uses high frequency sound wave to produce diagnostic images. Medical ultrasound is also known as sonography. Medical ultrasound is a non-invasive and safe procedure for examination of body parts such as the heart, organ and blood vessel in the abdomen and joints. Medical ultrasound uses non ionizing radiation and has greater sensitivity compare to other clinical examination. Medical ultrasound images are taken with the help of ultrasound gel. Ultrasound gels are conductive medium used by technicians and physicians before diagnosis of patient for clear diagnostics images. Medical ultrasound displays its output in various form such as audio, visual and graphics. Musculoskeletal, thyroid and scrotal ultrasound are some other procedure used to diagnose diseases. Medical ultrasound is performed by technologist with the help of ultrasound machines. Transducer probe, central processing unit, disk storage device are some important parts of the ultrasound machines. Medical ultrasounds are used in case of abdominal, cardiac, maternity, gynaecological and urological examinations. Medical ultrasound is also used in breast and small tissues examinations. Sonar device is most commonly used ultrasound equipment. Some of the medical applications of ultrasound are foetal monitoring, diagnostic imaging and blood flow management. Medical ultrasound imaging is also used in medicine as it provides guidelines to doctors through precise medical procedures. Ultrasound is less expensive as compares to other surgical procedure.

North America followed by Europe is dominating the global medical ultrasound equipment market due to increasing numbers of diagnostic imaging centres and increasing adoption of technologically advanced imaging systems. Asia is expected to be the fastest growing market due to modernization in healthcare infrastructure and rising prevalence of diseases. Japan is dominating the Asian medical ultrasound equipment market due to availability of technologically advanced manufacturers such as Toshiba and Hitachi.

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In recent time there is increased use of medical ultrasound equipments due to rising demand for point-of-care testing and increasing number of diagnostic procedures. Rise in patient’s awareness, rising demand for non-invasive solution and technological advancements are some of the key factors driving the growth of the global medical ultrasound equipment market. In addition, rising demand for better diagnostic treatment is also fuelling the growth of the global medical ultrasound equipment market. However, risk of high radiation and high cost of medical imaging are some major factors restraining the growth of the global medical ultrasound equipment market. In addition, safety and security of patient’s information is also restraining the growth of the global medical ultrasound equipment market.

Emergence of Portable and hand held ultrasound system would develop opportunity for the global medical ultrasound equipment market. However, increasing adoption of refurbished imaging system could lead a challenge for the global medical ultrasound equipment market. Increasing use of 3D and 4D ultrasound imaging and increasing adoption of ultrasound imaging in the field of cardiology, oncology and emergency medicine are some of the trends for the global medical ultrasound equipment market. Some of the major companies operating in the global medical ultrasound equipment market are Agfa-Gevaert NV, GE Healthcare, Boston Scientific, Hitachi Medical Corporation, Toshiba Medical System Corporation, Philips Healthcare and Siemens Healthcare.

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