Orthopedic Devices Market Players, Business Development, Share, Upcoming Trends by 2032

Market Overview

The global orthopedic devices market size is expected to reach a strong 6.5% CAGR over the forecast period from 2023 to 2032, according to the latest research report from Market Research Future (MRFR).

The global orthopedic devices market is mainly driven by the rising demand for technological upgradation in orthopedic devices, the rising prevalence of conditions requiring the use of orthopedic devices, such as osteoporosis, and the increasing growth prospects for the market in developing countries. Approximately 10 million U.S. citizens have osteoporosis, according to the National Osteoporosis Foundation, along with 44 million more with low bone density, which leaves them at a greater risk of osteoporosis and other bone disorders. Rising awareness about the disease and the effectiveness of orthopedic devices in correcting the problems caused by the disease is likely to be a major driver for the global orthopedic devices market over the forecast period.

Competitive Analysis:

Global Orthopedic Devices Market players include

         ·         DePuy Synthes Companies,

         ·         Medtronic,

         ·         Smith & Nephew plc,

         ·         Zimmer Inc.,

         ·         Stryker Corporation,

         ·         NuVasive Inc., and

         ·         Globus Medical Inc.

Industry Updates and Opportunities:

Strong technological advancement is also likely to further the cause of the global orthopedic devices market over the forecast period. Technological advancement in the global orthopedic devices market mainly focuses on making the devices lighter and more easily wearable, apart from bringing about innovations that help manufacture the devices at a cheaper price. 3D printing is likely to become more popular in the global orthopedic devices market over the forecast period, as it allows for precise manufacturing at relatively cheap costs.

Segmentation:

The global orthopedic devices market is segmented on the basis of type, application, end use, and region.

By type, the global orthopedic devices market insights is segmented into spinal devices, bone repair, joint replacement, trauma fixation, consumables and disposables, and others.

By application, the global orthopedic devices market is segmented into spine, knee, foot and ankle, hip, trauma and extremities, and others.

By end use, the global orthopedic devices market is segmented into hospitals, ambulatory surgery centers, and medical research centers. Hospitals are likely to remain the leading revenue generator in the global orthopedic devices market over the forecast period.

Regional Analysis:

North America holds the largest market share in the global orthopedic device market, accounting for 39.6% of the market in 2016. The growing prevalence of osteoporosis and other bone conditions in North America has been a major driver for the orthopedic devices market in the region. The strong presence of the technological framework required to adopt 3D printing on a large scale is also likely to be a major driver for the orthopedic devices market in North America over the forecast period. 3D printing has been pioneered in North America and many major 3D printing manufacturers are located in the region. This is likely to further the cause of the orthopedic devices market in North America over the forecast period.

Europe is also a major regional market for orthopedic devices and is expected to experience strong growth over the forecast period due to the growing number of osteoporosis cases in the region. The Europe market for orthopedic devices is expected to reach a valuation of USD 19,467.6 million by 2023.

Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the rising demand for advanced orthopedic devices to correct spinal and other bone-related conditions. The Asia Pacific market for orthopedic devices is expected to exhibit a strong 6.2% CAGR over the forecast period.

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Vascular Patches Market Insights : A Strategic Analysis of the Key Players

Market Analysis

The global vascular patches market size is poised to touch at a notable 8.0% CAGR over the predicted years 2023-2032. Vascular patches are utilized in vascular surgeries for closing sutures. In every surgical procedure, the primary closure of sutures needs to be done effectively. Vascular patches are made from synthetic or biological materials and are characterized through excellent biocompatibility. Of the different types, it is the biological vascular patches that are most widely used owing to its various advantages such as excellent biocompatibility, low suture line bleeding, minimum infection rate and ease in use.

There are plentiful factors that is boosting the growth of the vascular patches market. These factors as per the Market Research Future (MRFR) report include rapidly increasing geriatric population, prevalence of vascular diseases, growing number of vascular surgeries being performed, growing use of biological patches, need for minimally invasive surgeries and increasing product launches and research and development investments. On the contrary, scarcity of skilled professional, mishandling, decrease in carotid endarterectomy surgeries owing to low preference are factors that may restrict the growth of the vascular patches market.

Key Players

Vascular patches market players are include Baxter International Inc. (U.S.), Edwards Lifesciences Corporation (U.S.), Labcor Laboratórios Ltda (Brazil), Admedus (Australia), CryoLife, Inc. (U.S.), W. L. Gore & Associates, Inc. (US), LeMaitre Vascular, Inc. (U.S.), Maquet (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), C.R. Bard, Inc. (U.S.) and others.

Market Segmentation

MRFR report provides an extensive segmental analysis of the vascular patches market on the basis of application, material and end-user.

Based on material, it is segmented into synthetic vascular patches and biologic vascular patches. Of these, the biologic vascular patches will have the maximum share in the market over the predicted years followed by synthetic vascular patches that will grow at the fastest pace.

Based on application, the vascular patches market is segmented into open repair of abdominal aortic aneurysms vascular bypass surgery and carotid endarterectomy. Of these, carotid endarterectomy will dominate the market followed by open repair of abdominal aortic aneurysms vascular bypass surgery which will grow at the fastest rate.

Based on end-user, it is segmented into ambulatory surgical centers, hospitals and clinics and others. Of these, hospitals and clinics will rule the market followed by ambulatory surgical centers that will grow at the fastest pace.

Regional Analysis

By region, the vascular patches market insights covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will domineer the market over the predicted years and is expected to expand at a substantial CAGR. The increasing occurrence of cardiovascular issues in Canada and the US, growing population and increasing per capita healthcare spending will boost the market growth in this region. Also, the rapid uptake of latest devices and technologies in the surgical procedure and the presence of key manufacturers is again boosting the market growth. The vascular patches market in Europe will have the second major share due to the resurging economy, growing awareness regarding vascular patches and procedure advancements and increasing per capita healthcare expenses. The vascular patches market in the APAC region will grow at the fastest pace over the predicted years owing to growing healthcare sector in India and China, increasing geriatric populace, growing awareness regarding healthcare and rising incidence of people suffering from various chronic coronary diseases.

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Microelectronic Medical Implants Market Insights Overview, Industry Analysis and Forecasts Report 2030

Market Scenario:

The global Microelectronic Medical Implants Market Insights is expected to grow at a CAGR of 11.5% over the forecast period of 2022-2030, reveals a research report published by Market Research Future (MRFR). The market has observed rapid growth on account of rising prevalence of cardiac disorders such as cardiac arrest, heart failure, artery diseases, stroke. Such cardiac diseases accelerate the demand for medical implants such as Pacemakers, Defibrillators, and Neurostimulators which positively impact the market growth. Growth in incidences of other chronic diseases such as epilepsy and Parkinson's disease also add to market growth. The rise in the geriatric population who are more likely to acquire such diseases also propel the growth of the market.

Competitive Landscape

The global microelectronic medical implants market players are highly competitive and is characterized by the presence of many established players. The key players functioning in the market include

Abiomed Inc,

Cyberonics Inc.,

Medtronic Inc.,

Neuropace Inc.,

St. Jude Medical Inc.,

Biomet Inc.,

Envoy Medical,

Microsemi Corporation.,

Retina Implant AG,

Worldheart Corporation and

others.

The key players are implementing various strategies such as partnership, mergers, acquisition, product launches to sustain their position in the market.

Segmentation

The global microelectronic medical implants market has been segmented based on product and application.

By product, the market has been segmented into neurostimulators, drug infusion pumps, and others.

By application, the market has been segmented into pacemakers, defibrillators, neurostimulators, spinal fusion stimulators, implantable drug pumps, hearing implants, eye implants, ocular implants and others.

Regional Analysis

The key markets of the global microelectronic medical implants market include North America, Europe, Asia Pacific and the Middle East & Africa. North America accounts for the largest share of the market owing to favorable government policies and growing incidences of cardiac diseases in the region and is expected to grow at a CAGR of 8.7% over the forecast period. Europe follows North America closely and is expected to grow at a CAGR of 8.9% over the forecast period. Asia Pacific is slated to emerge as the fastest growing market owing to the growing healthcare sector and increased medical expenditure in the region. Moreover, the region has a large patient pool which provides growth opportunities in the future.

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Irritable Bowel Syndrome Treatment Market Insights, Growth Analysis, CAGR Status & forecast to 2032

Overview:

The Global Irritable Bowel Syndrome (IBS) Treatment Market is showing impressive signs of attaining a CAGR of 8.1% between 2023 and 2032. Irritable bowel syndrome is a disease that triggers immense pain in the stomach that, if not cured in time, could lead to depression. The problem can be a long-lasting one. Market Research Future (MRFR) report has found out that the market is evolving due to the growing awareness that is making people seek better treatment.

Several factors like better market awareness, high expenditure capacity, and increasing ingress of various technologies can impact the global market. Pharmaceutical industries are impacting the market with various innovation and others.

Competitive Landscape:

Global Irritable Bowel Syndrome Treatment Market Players are Allergan Inc., Valeant Pharmaceuticals international, Inc., Lexicon Pharmaceuticals, Inc., Astellas Pharma, Inc., Mallinckrodt, Synergy Pharmaceuticals Inc., Nestle Health Science, Ardelyx, Inc., Ironwood Pharmaceuticals, and Abbott. MRFR recorded the latest moves initiated by these companies to make sure that a chart can be drawn for the market in the future, which can be used to predict various movements in the coming days.

Segmentation:

The report on the global irritable bowel syndrome treatment market makes it extensive by segmenting the market into type, drug type, and end user. These segments carry various factorial details and trigger better understanding with volume-wise and value-wise understanding.

By type, the global market for irritable bowel syndrome treatment includes IBS-C, IBS-D, and IBS-M. IBS-D is has the potential to emerge as the major shareholder over the forecast period.

By drug type, the report on the global irritable bowel syndrome treatment market insights includes linaclotide, lubiprostone, rifaximin, eluxadoline, and alosetron. The Linaclotide segment has the potential to take over the market.

By end use, the report containing study of the global irritable bowel syndrome treatment market encompasses clinics, research laboratories, hospitals, and others. The Hospitals segment has the better market coverage.

Regional Analysis:

North America is expected to make better contribution for the irritable bowel syndrome market. The regional market has better market opportunities due to their high expenditure capacity. Better healthcare facilities, high investment for research & development sector, medicines lined up in the pipeline, and others are expected to make strong contributions for the regional market. In addition, the presence of top-notch pharmacies and countries like the US, Canada, and others are expected to earn more revenues for the market.

Europe is expected to portray similar growth patterns, which can trigger a high influx of revenues. The market is also known for the presence of several market players who are impacting it with their innovations. On the other hand, they are collaborating with various other players to make substantial impact on the market.

The APAC market has better opportunities as the global players are looking for constant incorporation of efforts from regional governments, which they are receiving. In addition, the region has become a perfect business expansion plans for these companies. Hike in expenditure capacity, better medical facilities, and others are expected to make the market contribute the most in the coming years. Its massive population can also play a crucial role by allowing easy permeation for the market.

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Single-Photon Emission Computed Tomography Market Insights, Global Strategies & Growth Factors

Market Highlights 

Single-Photon Emission Computed Tomography Market size is expected to reach at 6.90% CAGR during the forecast period 2023-2032.

The growing acceptance of Single-Photon Emission Computed Tomography (SPECT) accustomed by its technical advances is one of the major trends witnessed in the global SPECT market over the forecast period. Imaging devices are becoming more advanced, efficient, and evolved in terms of technology. The SPECT scanner has two integral parts namely computed tomography (CT) and a radioactive material (tracer). Basically, these tracers are used to diagnose and predict outcomes in various disease states by monitoring the therapeutic effects.

The Single-Photon Emission Computed Tomography market insights is expected to witness tremendous growth owing to the new 99mtc labelled agents for visualizing biologically significant events, and integration of X-ray tomography (CT) In SPECT. Other key factors such significant investments in R&D and expansions undertaken by key players are contributing towards the growth of the market. However, challenges such as need for skilled professionals, and reimbursement issues, is likely to curb the market growth during the forecast period.

Key players

The global market is manifested with the presence of limited companies, leading to the consolidated nature of the market. The industry rivalry are expected to remain high throughout the forecast period. Several small and larger companies are involved in development of Single-Photon Emission Computed Tomography (SPECT) for diagnostic applications.

The Single-Photon Emission Computed Tomography Market Players are GE Healthcare, Siemens Healthcare, Koninklijke Philips N.V., Bruker Corporation, Mediso Ltd., Digirad Corporation, Spectrum Dynamics Medical, DDD-Diagnostic A/S, MiE America, Inc., CardiArc, Beijing Hamamatsu Photon Techniques INC., SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.

PNPMedM, NuCare Inc., and others.

Segmentation

The global Single-Photon Emission Computed Tomography market is segmented into type, application, end-users. The Single-Photon Emission Computed Tomography (SPECT) market, by type, the market is segmented into hybrid SPECT systems, and standalone SPECT systems. On the basis of application, the Single-Photon Emission Computed Tomography (SPECT) market is bifurcated into oncology, cardiology, neurology, and others. On the basis of end-user, the market is segmented into hospitals, diagnostic imaging centers, academic & research centers, and others.

Regional Analysis

The Americas is the largest in the market owing to the improving research infrastructure in the region, coupled with the rising awareness among patients and physicians for radioisotopes. Further, SPECT has reportedly been combined with CT and MRI to provide detailed anatomical and metabolic information. It is currently exhibiting a highly lucrative growth rate due to an increased use of SPECT for diagnosis of cardiac diseases, brain diseases, etc.

The European region is the second largest SPECT market over the forecast period due to high acceptance of SPECT in research & development along with the rising incidence of chronic disease like cancers are also accountable for the growth of the Single-Photon Emission Computed Tomography (SPECT) market. 

The Asia Pacific region is likely to develop at the uppermost CAGR for the Single-Photon Emission Computed Tomography (SPECT) market in the years to come. Moreover, the rising diagnostic care services both at the hospitals and at community level are expected to influence the market in a positive way. The Middle East and Africa accounts for the least market share due to low per capita income and lack of availability of well-trained healthcare professionals.

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Medical Writing Market Insights Research Report 2023-2030

Market Overview: 

The global medical writing market has evolved exponentially with the expansion of the pharmaceutical and biotechnology industries. The use of medical writing is extensive in pharmaceutical & biotechnology companies. Moreover, the burgeoning CRO industry fosters the growth of the market. With the increase in patent expiration, the need to draft new patents is growing too, which, as a result, drives the medical writing market. Cumulatively led by these factors, the global medical writing market size valuation is expected to cross USD 5.28 Billion by 2030 at a CAGR of 10.31 % during 2022-2030.

Medical Writing Market – Competitive Analysis

Highly competitive, the medical writing market appears to be well-established, with many players forming a competitive landscape. The competitive strength of these players is highly dependent on service precision, service pricing, versatility, and service reliability. Service providers operating in the medical writing market strive to offer quality services that are based on best practices. 

Major Players: 

Global medical writing market players leading market are Freyr Solutions (US), Parexel International Corporation (US), Cactus Communications (UK), IQVIA (US), Covance Inc. (US), OMICS International (India), SIRO CLINPHARM (India), SYNCHROGENIX (US), INCLIN, (US), and Clinexa Life Sciences Pvt (Australia), among others. 

Drivers & Restraints 

Medical writing comprises scripting of diverse scientific information, preparing regulatory paperwork, and publication of documents related to drug discovery, clinical trials, and several other written communication work intended for regulatory bodies, health care providers, researchers, the general public, etc.

Medical writing requires medical knowledge and understanding of drug development and regulatory guidelines. It plays a vital role in the success of various clinical trials and research projects. It is quite challenging to handle pre-approval regulatory writing, develop a scientific platform & publication plan, promotional & educational materials, all at once by a single company. Hence, this medical writing has been the preferred model for quite some time now. 

Hiring a medical writing vendor benefits, not just the pharmaceutical companies but also to the patients and society ultimately. Resultantly the global medical writing market has been making quite a stride over the last few years. Increasing demand for regulatory paperwork in the pharmaceutical and biopharmaceutical industry is a significant driving force behind the growth of the market. Besides, rising patent expiration has been leading to increasing the demand for medical writers in recent years.

Substantial investments made in the rising numbers of research and development activities in the pharma & biotechnology industries are directly linked to the growth of the medical writing market insights. As various companies and government bodies are investing in R&D of clinical trials, the demand for clinical writing is increasing. Also, medicines are becoming more complex nowadays, and the pharmaceutical industry is becoming increasingly focused on their core competency of drug discovery.  

Consecutively, pharma companies are getting heavily reliant on outsourced partners for non-core capabilities, such as medical writing. The increased reliance in terms of strong, highly credentialed, and responsive service providers to assist with the publication, regulatory, and promotional strategies offers an exciting opportunity for the medical writing industry. However, factors such as stringent government regulatory policies are restraining the growth of the market.

 

Medical Writing Market – Segments

The report has been segmented into four major dynamics.
By Type                       : Clinical Writing, Scientific Writing, Regulatory Writing, Disease & Drug-Related Writing, and others.

By Application : Medical Education, Medical Journalism, Medico Marketing, and others.

By End User                : Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROS), and others.

By Regions                   : Americas, Europe, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Global Medical Writing Market – Regional Analysis

North America accounts for the largest share in the global medical writing market, attributing to the well-developed healthcare, pharmaceutical, and biotechnology industries. The presence of major players and pharma & biotechnology companies foster the market growth excellently. Moreover, increasing the consumption of medicines, medical devices, and other pharmaceutical products drive the growth of the regional market.

Furthermore, substantial investments made in the discovery and development of various drugs and medical products impact the market growth positively. Also, rising numbers of researches in biotechnology alongside the burgeoning CRO industry substantiate the growth of the regional market. The North American medical writing market is expected to grow at a substantial CAGR over the forecasted period.

Europe is another lucrative market for medical writing. The presence of some of the best healthcare services propels the growth of the regional market. Moreover, the growth of the healthcare industry and the expansion of various biopharmaceutical industries in the region create a massive demand for medical writing. Indeed, the resurging economy in the region is a dominant factor substantiating the market growth, increasing the healthcare and pharmaceutical industries.

The market size is increasing with the augmenting demand for CMOs and CTOs. Also, increasing government funding initiated to increase the numbers of R&D activities for the drug discoveries, provides impetus to the regional market growth. The European medical writing market is expected to grow at a considerable CAGR over the assessment period.

The medical writing market in the Asia Pacific region is emerging as a profitable market. The region has the world’s largest population and fast-developing healthcare industry. The rapidly growing pharma industry, alongside the healthcare industry, fosters the market growth in the region. Besides, the availability of skilled professional and cost-competitive services allows the region to have the edge over other regions. The APAC medical writing market is expected to grow at a rapid rate during the forecasted period.

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Apheresis Market Players, Segmentation & Analysis by Recent Trends

Market Scenario

The global apheresis market size is projected to grow at a 8.90 % CAGR during the forecast period (2023-2030), owing to the increasing prevalence of chronic renal diseases, asserts Market Research Future (MRFR). Apheresis is referred to as the procedure of separating and purifying the blood for treating several renal, neurological, autoimmune, hematological, and other diseases. Apheresis involves removal of the blood from the donor or patients and collecting it into an apparatus which separates the component from the blood. The rest of the blood is sent to the patients or the donors. The separation is mainly done using filtration and centrifugation.

Competitive Dashboard

Global apheresis market players are ; Kaneka Corporation (Japan), Terumo BCT Inc. (US), Fresenius Medical Care (Germany), Nikkiso Co. Ltd. (Japan), Asahi Kasei Medical Co. Ltd. (Japan), B. Braun Melsungen AG (Germany), Nikkiso Ltd. (Japan), HemaCare Corporation (US), Cerus Corporation (US), Haemonetics Corporation (US), Kawasumi Laboratories Inc. (Japan), Therakos, Inc. (U.S.), and others.

Drivers and Constraints Impacting the Market

With the growing prevalence of chronic renal diseases and blood-related diseases, the global apheresis market is considered to stimulate during the estimated period. Increasing complex surgical procedures, rising demand for different component of blood, and growing number of accidents across the globe are considered to augment the market growth in the coming years. Demand for platelets and plasma has also increased which is further impacting the global market positively. Moreover, with continuous advancement in technology and growing need for advanced and automated devices, the market is likely to foster.

On the flip side, high cost of procedures and lack of skilled professionals are some of the major factors considered to impede the market growth in the coming years.

Global Apheresis Market: Segmental Analysis

The global apheresis market insight has been segmented on the basis of product, procedure, methods, application, end-users, and region.

By mode of product, global apheresis market has been segmented into devices and disposables. The devices segment has been further sub-segmented into platelets separators, plasma separators, and others.

By mode of procedure, the global apheresis market has been segmented into leukapheresis, plateletpheresis, plasmapheresis, erythrocytapheresis, and others.

By mode of methods, the global apheresis market has been segmented into filtration and centrifugation. Among these, centrifugation is further sub-segmented into intermittent flow centrifugation, continuous flow centrifugation, and others.

By mode of application, the global apheresis market has been segmented into oncological diseases, immunological diseases, hematological diseases, cardiovascular diseases, renal diseases, neurological diseases, and others.

By mode of end-users, the global apheresis market has been segmented into hospitals, blood banks, and others.

Regional Insights

Geographically, apheresis market span across regions namely, America, Europe, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, America is considered to hold the largest position in the global market and is expected to maintain its dominance during the assessment period. The growth is attributed to the advancement in technology and growing opportunity for apheresis products coupled with the presence of a huge patient population suffering from chronic diseases.

Asia Pacific is considered to be the fastest growing region in the global market owing to the growing demand for blood components for patients. Moreover, rapid development in the healthcare industry along with growing expenditure on health care is considered to contribute to the growth of the global market.

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