Tuesday, January 2, 2024

Tumor Ablation Market Share : A Technology Analysis of the Key Products & Applications

Market Analysis

The global tumor ablation market share is projected to reach at a stellar 11.8% CAGR during the forecast period (2023-2032). Tumor ablation is a technique that is minimally invasive and commonly used for treating tumors in the lung, bone, kidney and liver. During this process, thermal energy is utilized to cool or heat tissues to cytotoxic levels. Under its classification, there are various modalities used worldwide: irreversible electroporation, cryoablation, high-intensity focused ultrasound, laser, microwave and radiofrequency. Every technique though similar in purpose possess optimal and specific indications. Tumor ablation is a vital choice for those who have failed radiotherapy or chemotherapy or is not a candidate for surgery. It is also considered as the potential first-line treatment especially in patients with benign tumors in the liver or small hepatocellular carcinomas. This is a convenient and excellent treatment choice over the other conventional surgical methods.

There are several factors that is propelling the growth of the tumor ablation market. These factors according to MRFR (Market Research Future) report include rapid adoption of novel form of treatment for fighting cancer, growing public awareness programs for detecting cancer at the initial stage, funds offered by the government for cancer research, extensive use of minimally invasive methods due to its myriad benefits such as minimal complications, less trauma and speedy recovery, rising per capita income and various technological advancements such as HIFU (High-Intensity Focused Ultrasound), irreversible electroporation, laser ablation and thermal ablation. On the contrary, factors such as exorbitant price of tumor ablation methods, constraint subsidy scenarios, dearth of experts and strict regulations for product approval may restrain the growth of the tumor ablation market.

Key Players

Tumor ablation market players include Covidien PL, Misonix Inc., Galil Medical, Inc, Biotronik, Boston Scientific Corporation, Neuwave Medical, Inc., Healthtronics Inc., AngioDynamics Inc., EDAP TMS, Medtronic Plc., and SonaCare Medical.

Market Segmentation

Market Research Future report offers a comprehensive segmental analysis of the tumor ablation market outlook on the basis of technology, treatment, application and end-user.

Based on technology, it is segmented into cryoablation, irreversible electroporation, microwave, radiofrequency and others. Of these, radiofrequency will dominate the tumor ablation market during the forecast period. Prominent use of this technology to remove solid tumor and its specificity has resulted to its growth. Also, this method’s efficiency is expected to spur the segment growth. This will be followed by microwave ablation technology that is projected to have a remunerative growth due to the advantages provided by this technology namely optimal heating of cystic mass, reduced procedural pain, lesser time, constancy in high temperature and bigger tumor ablation volume.

Based on treatment, the tumor ablation market is segmented into laparoscopic, percutaneous and surgical. Of these, surgical will dominate the market during the forecast period owing to rising prevalence of breast and liver cancer that needs open surgical techniques. This will be followed by the percutaneous ablation that is projected to grow at the fastest pace.

Based on application, it is segmented into prostate cancer, bone cancer, breast cancer, lung cancer, liver cancer and others. Of these, liver cancer will have the largest share in the market owing to rising cases of both bile duct as well as primary liver cancers. Of these, lung cancer will lead the market during the forecast period owing to rising cases of the disease.

Based on end-user, the tumor ablation market is segmented into research institute, surgical and ablation centers and hospitals. Of these, hospitals will dominate the market due to increasing practices to visit the hospital for well-being along with the availability of various facilities in hospitals.

Regional Analysis

By region, the tumor ablation market insights growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, Americas will remain head and shoulders over other regions in the market. The growth can be attributed to factors such as increasing incidences of cancer amid rising elderly population, use of advanced healthcare facilities, favorable reimbursement policies, and increasing awareness regarding cancer detection as well as treatment. The tumor ablation market in Europe will grab the second position owing to rising prevalence of cancer coupled with increasing healthcare expenditure. The tumor ablation market in the APAC region will grow at the fastest pace due to high demand for advanced healthcare technologies, constantly growing investment in healthcare and rising geriatric population. On the other hand, the tumor ablation market in the Middle East and Africa will have a minimal share owing to poor medical facilities, dearth of technical knowledge and underdeveloped healthcare sector.

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Mechanical Ventilators Market Share, Leading Players and Demand Forecast Report 2032

Market Scope

Mechanical Ventilators Market Share is projected to grow at 4.51% CAGR during the forecast period 2023-2032 as per a new Market Research Future report.

A medical ventilator is a medical device that assists a patient in exchanging oxygen and carbon dioxide mechanically. It is designed to provide inhaling for a patient unable to breathe. Medical ventilators offer artificial respiration for ill patients with a coma, cystic fibrosis, a spinal cord injury, stroke, chronic obstructive pulmonary disease (COPD), or a loss of consciousness.

Reputed Companies

The mechanical ventilators Market Players are

  • GE Healthcare (US),
  • Hamilton Medical (Switzerland),
  • Medtronic (Ireland),
  • Getinge AB (Sweden),
  • Macquet Gmbh & Co. KG (Germany),
  • Koninklijke Philips N.V. (Netherlands),
  • Smith’s Medical (US),
  • ACOMA Medical Industry Co. Ltd (Japan),
  • Becton,
  • Dickinson, and Company (BD) (US),
  • Draeger Medical GmbH (Germany),
  • to name a few.

Significant Boosters and Deterrents

The unprecedented advent of the COVID19 pandemic has fostered the demand for mechanical ventilators at a significant pace. The Society of Critical Care Medicine reveals that in 2020, the total number of hospital ventilators in the United States was close to 160,000 units. An extra stockpile of around 12,800 with Strategic National Stockpile is expected to be made available in similar scenarios in the future. Strict measures taken by the government bodies as well as the manufacturers to address the challenges of the pandemic have expedited the inflow of advanced mechanical ventilators, in face of escalating cases.

Furthermore, the accelerated cases of Chronic Obstructive Pulmonary Disease or COPD, rapidly expanding elderly population and frequent technical innovations could also benefit the global market. Alarming rise in respiratory emergencies and the resultant increase in the need for advanced respiratory care devices will also facilitate market growth. 

Market Segmentation

Product type, mode, age group and end-user are the major segments highlighted in the Mechanical Ventilators Market Outlook

  • Product types mentioned are transport/portable/ambulatory, neonatal care and intensive care Unit. Intensive care unit/critical care form the biggest segment since their adoption rate is the highest and are extensively installed in hospitals. Also, with the COVID-19 cases escalating worldwide, the demand for intensive care unit/critical care ventilators is expected to mount significantly. Transport/portable/ambulatory segment can show the fastest growth since these products are extremely efficient in a variety of applications across several care delivery settings, whether it is home care or ambulatory centers.
  • The modes considered in the report include non-invasive and invasive. Non-invasive ventilation has secured the leading position, given its cost-effectiveness, higher tolerance, and the convenience of using that foster its demand. In addition, the easy availability outside ICU settings can also boost the need for non-invasive ventilation in the future.
  • Age groups studied in the MRFR report include adult and pediatric. Adult segment forms the highest share in the global industry, owing to the soaring smoker population along with the escalation in the cases of various respiratory diseases. Additionally, the burgeoning elderly population and the surge in chronic diseases like asthma and chronic obstructive pulmonary disease (COPD) also add to the segmental growth.
  • Major market end-users are home care, ambulatory surgical center and hospital and clinic. Home care owns the maximum share in the worldwide market since the elderly patient pool has been expanding rapidly and are increasingly demanding portable ventilators.

Regional Study

The Americas and APAC or Asia Pacific along with MEA or Middle East and Africa and Europe are the key for mechanical ventilators market insights.

Americas took the lead in the global market for mechanical ventilators market in the year 2019. The region has maintained its winning streak ever since, thanks to the expanding geriatric population coupled with the availability of medical insurance schemes. Focus on reducing the number of hospital stay and better patient experience adds to the demand for mechanical ventilators. 

Europe could exhibit exponential growth between 2020 and 2027, in view of the escalating cases of COVID-19 and the dramatic rise in the need for ICU beds for patients admitted in hospitals, particularly in Italy.

The APAC is on track to capture a stunning CAGR in the coming years, by virtue of rising cases of chronic respiratory diseases and the surge in healthcare spending. The recent COVID-19 outbreak has also fostered the demand for mechanical ventilators as hospital admissions have risen considerably in the region. Moreover, strategic collaborations and agreements between the leading companies in the region and the massive patient pool requiring ventilation also strengthen the market position in the region. Soaring demand for modern and well-equipped healthcare facilities and the rapid emergence of the medical tourism sector in the region should benefit the mechanical ventilators industry in subsequent years.

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Wound Closure Devices Market Share, Size, Trends, Industry Analysis Report to 2032

Market Overview

Wound closure devices market is used for closing the wound by pulling both the edges together. These devices can help a patient to recover and heal the incisions and small wounds that are created on the body due to surgical procedures.

The Wound Closure Devices Market Share is expected to reach USD 18.84 billion by 2032 at 7.2% CAGR during the forecast period 2023-2032.

The prime market driver for the global wound closure device market growth is the surge in the surgical procedures. Other market drivers include increasing number of plastic as well as cosmetic surgeries, increasing number of accidents as well as injuries (burns and trauma included), technological advancement, new device launches, decrease in several surgical site infections, and increasing attempts to reduce hospital stays for reducing surgical expenditure. However, the risk associated with side effects of wound closure devices, infectious wounds, and unfavorable reimbursement policies can slow down market growth.

Key Players

The global wound closure device market players include

         ·         3M (USA),

         ·         Abbott Laboratories (USA),

         ·         Arthrex GmbH (USA),

         ·         Baxter International (USA),

         ·         B. Braun Melsungen AG (Germany),

         ·         BSN Medical Inc. (Germany),

         ·         ConvaTec (UK),

         ·         CP Medical (USA),

         ·         DACH Medical Group (Austria),

         ·         Derma Sciences (USA),

         ·         Ethicon Inc. (USA),

         ·         Gecko Biomedical (France),

         ·         Integra LifeScience (USA),

         ·         Kinetic Concepts (USA),

         ·         Medtronic (Ireland), and

         ·         Smith & Nephew (UK).

Market Segmentation

The global wound closure device market outlook segmentation encompasses application, device, end-user, and type of wound. MRFR’s take on the market explores various facets of the market in-depth.

·        The application-based segmentation of this market covers burns, ulcers, arterial ulcers, diabetic ulcers, pressure ulcers, and surgical wounds.

·        Based on end-user, the market has been segmented into ambulatory surgical centers, community healthcare service providers, hospitals, and home care.

·        By type of wound, the market has been segmented into acute wounds, chronic wounds, and others.

·        Regarding device, the market has been segmented into adhesives, mechanical wound closure devices, staples, and sutures. The adhesives segment has been sub-segmented cyanoacrylates and fibrin tissue adhesives. The sutures segment can be sub-segmented into absorbable, non- absorbable, braided, and monofilament.

Regional Segmentation

A geographical outlining of the global wound closure device market covers the Americas (North America & South America), Asia Pacific, Europe, and the Middle East & Africa (MEA).

The Americas is the largest regional market. Due to technological advancement and the availability of advanced medical facilities, presence of major market players, high disposable income, and more investment in healthcare, North America is a bigger regional market segment compared to South America. Increasing injuries related to accidents, adventures, and sports and is leading to the demand for better facilities for surgery, subsequently leading to market growth. Other factors boosting the market in North America and to some extent South America are, aging population, and increase in the number of surgical procedures. Adoption of the wound closure technology and awareness about the same are also aiding growth in North America. The adoption is comparatively slow in South America, limiting market growth.

Europe is the second-largest regional market due to increase in aged population and rising occurrence of sports injuries as well as accidents (especially road accidents). The powerful country-specific markets in Western Europe are France, Germany, Italy, Spain, and the UK. An observation of the remaining countries in Western Europe featured in this report speculate the huge addition to market revenue from some other countries in this region, along with a sizable amount of revenue from Eastern Europe.

During the forecast period, the Asia Pacific region has been predicted to be the fastest-growing regional market due to the significant increase in aged population, and increasing prevalence of chronic ailments like diabetes, which subsequently lead to the increasing cases of diabetic foot ulcer. Vital country-specific markets in this region are Australia, China, India, Japan, and South Korea. An analysis of the remaining countries in the Asia Pacific region featured in this report estimates the huge contribution to market revenue from some other countries.

The MEA region holds the smallest market share in the global market due to lack of technical knowledge, poor medical facilities, and underdeveloped healthcare sector.

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Flow Cytometry Market Share accelerating a CAGR during the forecast period

Flow Cytometry Market – Overview

The rising demand for clinical and scientific research has raised the requirement for flow cytometry. Market reports associated to the healthcare industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The Flow Cytometry Market share is predicted to grow at a CAGR of 8.2% in the forecast period 2023-2032.

The rising adoption of innovative technology is expected to impact the market positively. The healthcare sector is one of the major end users of the flow cytometry market. The intensifying occurrences of HIV and cancer cases which have to be the diagnosed correctly are fuelling the expansion of the market. The market is anticipated to evolve further due to demand from hematology, transplantation, genetics and prenatal diagnosis in the upcoming forecast period.

Detailed Regional Analysis 

The Americas region is likely to control the flow cytometry market insights due to the incidence of a well-established healthcare system, implementation of highly advanced technology and rise in the number of patients suffering from autoimmune diseases in the region. The European region is projected to be the next principal flow cytometry market. The market progress in this region can be credited to government funding and support to the research and development activities, rising awareness about healthcare diagnostics and growing cases of cancer patients in the region. Besides, the collective research and development activities in the pharmaceutical industry is also adding to the growth of the market in this region. The Asia Pacific region is estimated to be the swiftest growing flow cytometry market through the forecast period due to the growing prevalence of autoimmune diseases, growing awareness about healthcare and mounting investments and collaborative activities in healthcare in the region. The market in the Middle East & Africa region is projected to control the smallest share of the market owing to an underdeveloped healthcare sector, deficiency of technical knowledge, and poor medical facilities.

Competitive Analysis

The diversification of the product assortment in the market is increasing the opportunity for the progress of the market. The market is at an optimally productive level and will be capable of generating greater value for the firms in the market and its shareholders. The management inclinations in the market are reinforcing the level of growth that can be achieved in the present market scenario. Although, the market has also considerably neutralized the market advantages and thus is promoting an increase in the number of firms in the market. The progress paths are reviewed in tandem to the customer likings to realize the highest growth, and in the long run, viability. The skill to utilize the economies of scale is further proving to be beneficial for comprehensive market growth.  

The flow cytometry market players are Becton, Dickinson and Company., Beckman Coulter, Inc., Danaher., Thermo Fisher Scientific, Luminex Corporation., Miltenyi Biotec, Merck KGaA, Bio-Rad Laboratories, Inc., Sysmex Partec GmbH, Sony Corporation, Agilent Technologies, Inc., Biomérieux S.A., and Enzo Biochem Inc.

Segmental Analysis

The flow cytometry market outlook has been segmented on the basis of technology, products & services, application, and end-user. By products & services, the market has been segmented into flow cytometry reagents and consumables, services, software, instruments, and accessories. On the basis of technology, the market has been divided into bead-based flow cytometry and cell-based flow cytometry. The application segment of the flow cytometry market comprises of research applications, clinical applications, and industrial applications. The research applications segment has been segmented further segmented into biotechnology, pharmaceutical, and immunology. The flow cytometry by end user has been segmented into research institutes, hospitals and clinics, commercial, and academic institutes. The market has been segmented by region into Europe, the Americas, Asia Pacific, and the Middle East & Africa.

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Monday, January 1, 2024

Hair Removal Devices Market Outlook, Trends, Size and Forecast To 2032

Overview:

The Hair Removal Devices Market Share exhibiting a compound annual growth rate (CAGR) of 9.8% during the forecast period (2023 - 2032). Market Research Future (MRFR) considers several factors like fashion, sports, cultural practices, military, medical reasons, and others as prominent growth-inducing avenues for the market. The easy availability of these products through retail and e-commerce lines strongly denotes hair removal devices market trends and better awareness regarding the product can boost the market prospect.

Competitive Landscape:

The global hair removal devices market players growth can benefit substantially from various companies like

Sciton, Inc,

Alma Lasers, Ltd.,

Syneron Medical Ltd.,

Cutera Inc.,

Cynosure, Inc.,

Lynton Lasers Ltd,

Solta Medical Inc.,

Strata Skin Sciences, Inc.,

Lumenis Ltd,

Lutronic Corporation, and

Venus Concept Canada Corp.

These companies have done research works and have set their own growth policies to establish a strong outcome for themselves. The global market is slated to benefit from their mergers, acquisitions, collaborations, hike in research activities, better investment in research and development projects, and others are expected to steer the market towards innovations. MRFR recorded these recent moves to get their hands on various prospects in the coming days.

Segmentation:

MRFR’s analysis of the global hair removal devices market outlook leads to an in-depth segmentation of product and end-user. These segments have multiple inputs from various factors that help in gaining insights and developing better marketing strategies.

·        By products, the global market for hair removal devices can be segmented into laser devices, intense pulse light (IPL) devices, energy-based devices, and others. The laser devices segment includes Nd: YAG laser, diode laser, and alexandrite laser. The laser devices segment had the maximum market share in 2017 and it is getting more traction from wider acceptance of the devices. The product is also performing better than other devices.

·        By end-users, the global report on the hair removal devices market comprises beauty clinics, home use, dermatology clinics, and others. The beauty clinics segment had the largest market share in 2017 owing to its huge women customer base.

Regional Analysis:

The Americas is expected to make huge profit in the coming years in the hair removal devices market. This is primarily due to the high investment capacity, better disposable income standards, increasing launch of innovative products, and others. The US and Canada are performing better. In Europe, this growth would be backed by the growing sale in France, Germany, Italy, Spain, and the UK. In Asia Pacific, China, India, Japan, and South Korea are expected to boost the market traction. 

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Medical Robotics Market Share, Industry Growth Analysis, CAGR Status & Major Key Players

Market Overview

Acknowledging the potential, the market holds to increase in the years to come, Market Research Future (MRFR) in its recently published analysis asserts that the global medical robotics market share will witness a significant growth USD 52.41 billion by 2032 registering a whopping CAGR of 15.69% throughout the forecast period (2023 – 2032).

The global medical robotics market insight has been growing pervasively mainly due to the constant advancements in the medical robotics technology.  Operating machines remotely and performing surgeries meticulously, medical robotics technology,

 has been proven to be far more effective than other similar technologies of medical science. Resultantly, this technology is being used across the verticals of healthcare making a number of surgical procedures easier & successful. Moreover, the increasing number of urological, cardiothoracic, and general surgeries is escalating the market on the global platform.

Integration of augmented reality (AR) and artificial intelligence (AI) into medical robotics technology have further enabled medical robotics to reach par excellence, making cost-effective healthcare available. Simultaneously, the emergence of AR &AI has been supporting medical robotics to streamline operating theatres, making the surgical procedures efficient without leaving scope for human error at the same time saving a whole lot of time of healthcare staff.

Additional factors predominantly propelling the growth of the market include the augmenting demand for robotic surgeries and the prevalence of diseases & increasing cases of accidents. Furthermore, growing investments transpired into R&D activities are helping the market to create a significant revenue pocket in the global space, improving the technology further.

On the other hand, factors such as the latency issues occurred due to the embryonic stage of this technology such as the time lapses between the instructions physicians give to direct the controls and machines’ response which results in robots getting programmed incorrectly, are impeding the growth of the market.   Also, the intense training required before operating these robots (machines) which demands a significant amount of time, present challenges to the growth of the market, slowing down its uptake.

Moreover, the technology demands more advancement in terms of logistics for instance; once programmed, this robotics cannot change the course instantly, meaning, they offer no chance for the needed adjustments to take place during the surgery which is also a crucial factor. Nevertheless, advancements in technology which is expected in the nearing future will support the market to perceive mega accruals, ruling-out these issues.

Medical Robotics Market – Competitive Analysis

Highly competitive, the medical robotics market outlook appears to be fragmented owing to the presence of several well-established players. These players are focusing on optimizing situational awareness towards customers to ensure their mission success.  They seek market expansion through various strategic initiatives such as innovation, M&A, and increasingly invest in R&D to develop cost-effective product portfolio.  As they are aware that these investments are going to help them to expand their market presence

Major Players:

global medical robotics market players include Smith & Nephew Ltd. (UK), Stryker Corporation (US), ReWalk Robotics (Israel), Medtech SA (France), KUKA Roboter GmbH (Germany), Hocoma AG (Switzerland), Aethon Inc. (US), Mazor Robotics Ltd. (Israel), Intuitive Surgical, Inc. (US), Varian Medical System, Inc. (US), Titan Medical, Inc. (US), Intouch Health Technologies, Inc. (US), Medrobotics Corporation (US),  Kinova (US), Carefusion Inc.(US),   Ekso Bionics Holdings, Inc. (US), Myomo Inc. (US), Hansen Medical, Inc. (US), Transenterix, Inc. (US), ZOLL Medical Corp. (US), and Auroba Biomed Inc. (US) among others.

Global Medical Robotics Market – Segmentations

For ease of understanding, the market has been segmented into three key dynamics: -

By Product   : Various Accessories, Hospitals & Pharmacies (I.V. Robots, Pharmacy Robot, and others), Medical Surgical Robotic Systems (Neurosurgical Robotic Systems, Orthopaedic Robotic Systems, Laparoscopy Surgical Robotic Systems, and other), and Rehabilitation Services (Prosthetic Robots, Orthotics Robots, Assistive Robots, Therapeutic Robots, and other) among others.

By Application         : Cardiology, Neurology, Rehabilitation, and Laparoscopy among others.

By Regions               : North America, Asia Pacific, Europe, and the Rest-of-the-World.

Global Medical Robotics Market –Geographical Analysis

The North American region, heading with the huge number of technological advances leads the global medical robotics market, accounting for over 40% of the market share. Factors such as the augmenting demand for well-developed healthcare infrastructure and robot-assisted surgeries driven by the high healthcare expenditure drive the growth of the regional market.

The medical robotics market in the European region accounts for the second-largest market, globally. Favorable governmental support and initiatives are expected to help the market to grow extensively, registering a considerable CAGR throughout the forecast period. The proliferating healthcare sector led by the resurging economy is radiantly fostering the growth in the regional market.

The Asia Pacific medical robotics market has been rapidly emerging as a profitable market, globally. Factors such as the huge technological developments and the continually developing healthcare infrastructure that is led by the rapidly developing economy are expected to boost the growth of the regional market, allowing it to register a fabulous CAGR throughout the assessment period, proving more opportunities to the international players.

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Orthopedic Devices Market Share, Trends, Industry Analysis Report Forecast 2032

Market Overview

The global orthopedic devices market share 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 outlook 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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Growing Adoption of Non-Invasive Tattoo Removal Techniques: Market Implications

Tattoo Removal Market: Overview and Trends The tattoo removal market is a dynamic and growing sector within the global aesthetics industry...