Hernia Repair Devices Market - A Current Market Overview and Future Prospects 2013 - 2019

The global Hernia Repair Devices Market was valued at USD 3,578.21 million in 2012 and is estimated to reach a market worth USD 5,936.43 million in 2019at a CAGR of 7.5% from 2013 to 2019.

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Hernia is one of the major health concerns worldwide. Occurrence of hernia is characterized by the protrusion or bulging of internal organ or tissues through weak muscle areasand is classified on the basis of its anatomical location of occurrence. The different types of hernia include inguinal (inner groin), umbilical (belly button), hiatal (upper stomach), femoral (outer groin) and incisional hernia. Of these inguinal hernia is the most common type of hernia accounting for around 80% of the total hernia cases worldwide. This occurs most commonly in men majorly due to the observed weakness in this area. The exact cause of hernia is unknown but the most prominent risk factors which contribute in the development of hernia are old age and obesity. These factors feature weakened muscles and pressure in the abdomen. Other factors contributing towards development of hernia are poor nutrition, smoking, change in lifestyle habits, and family history.

Escalation in hernia prevalence directly influences the need and demand for hernia repair devices globally.Consistent rise in geriatric population, increasing adoption of tension free hernia repair procedures, rise in preference for technologically advanced biologic mesh and consistent elevation in obesity epidemic are some of the major factors positively impacting the growth and acceptance of hernia repair devices globally. However, inconsistent reimbursement policies coupled with high costs involved in the development of effective hernia repair devices are expected to hamper the growth and development of hernia repair devices market.

Hernia repair devices market can be segmented based on the type of product and equipment and procedure. The products and equipmentare further categorized into polymer and prosthetic mesh, biologic materials, surgical instruments and endoscopy equipment. Manufacturers are focusing on developing innovative and novel hernia repair products and equipment. The market for biologic materials is expected to grow faster compared to polymer or prosthetic mesh system as they render more advantages over the latter such as high flexibility, strength, less chances of rejection and infection. At present there has been increased adoption of biologic mesh and biologic allograft mesh systems which aid in fast recovery and negligible post-operative pain.

Continuous technological upgradation in developing endoscopes will further support growth and development of hernia repair devices. The rationale behind this is that these hi-tech endoscopes assure high reliability and accuracy of the surgical procedure with the minimum possibility of errors. Hence, with the perennial need for high performance oriented medical devices, the need and demand for effective hernia repair devices also increased.

Surgical procedure is the best option to deal with hernia as it provides long term results as compared to watchful waiting process for reverting hernia with the aid of certain medications. Tension repair and tension free repair procedures are the two main approaches employed for hernia repair. Tension free procedures are more advantageous than tension repair methods as they provide fast recovery and negligible post-operative pain. Currently, there has been an increased preference for tension free repair procedures such as laparoscopic tension free and tension free mesh technique majorly due to its minimal invasive nature followed by less susceptibility to infection compared to conventional incisional repair procedures. Owing to aforesaid factors, tension free repair procedures are anticipated to record a steady growth rate during the forecast period from 2013 to 2019.

At the regional level, North America was the largest market in 2012 for hernia repair devices market followed by the European Region. Asia-Pacific region is expected to grow at a highest CAGR of over 8% from 2013 to 2019. This is majorly due to large and expanding population base, increased participation of the respective governments in healthcare sector and rising disposable incomes of the population. In addition, high prevalence of hernia in low or middle income countries compared to high income countries due to undiagnosed and untreated hernia cases will further propel growth and development of hernia repair devices market.

The hernia repair devices market is characterized by the presence of well-established as well as new players solely operating in this market. The major companies competing in this market are Covidien Plc, Ethicon, Inc., C.R.Bard, Inc., Cook Medical, Inc. and Stryker Corporation.

The global hernia repair devices marketis segmented as follows:

Hernia Repair DevicesMarket, by Products and Equipments

• Polymer and Prosthetic Mesh
•  Biologic Materials
•  Surgical Instruments
•  Endoscopy Equipments

Hernia Repair Devices Market, by Procedures

• Open Tension Repair
• Tension Free Repair

Hernia Repair Devices Market, by Geography

•   North America
•  Europe
•   Asia-Pacific
•  Rest of the World (RoW)

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Defibrillators Market Analysis 2013 - 2019

The global Defibrillators Market was valued at USD 9.3 billion in 2012 and is expected to grow at a CAGR of 6.2% from 2013 to 2019, to reach an estimated value of USD 14.2billion in 2019.

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Defibrillator devices are used to treat life-threatening cardiac arrhythmias, particularly ventricular fibrillation and pulseless ventricular tachycardia. These devices provide an electrical shock, having energy 40 - 400 Joule, to the heart muscles which terminates the arrhythmia and restores the normal sinus rhythm in the heart. Since the defibrillator devices are very useful in preventing deaths due to sudden cardiac arrest (SCA), the large number of SCA incidences across the globe is the major driver for the growth of this market.

Growing incidences of cardiovascular diseases and disorders combined with aging of baby boomer population in the U.S. are contributing to the growth of the global defibrillators market.Furthermore, the market is more driven by demand from emerging countries from Asia-Pacific and the Middle-East. Increasing trend towards installations of AEDs at workplaces by businesses is expected to serve as a good opportunity for the growth of global defibrillators market.

The global defibrillators market has been segmented on the basis of product types, end-users and geographic regions. On the basis of defibrillator types, the market is divided into advanced life support (ALS) defibrillators, automated external defibrillators (AEDs), implantable cardioverter defibrillators (ICDs) and wearable defibrillators. In 2012, implantable defibrillator devices accounted for the largest share by revenue of the global defibrillators followed by ALS defibrillators.The global rise in the healthcare infrastructure which include state-of-the-art hospitals and ambulances equipped with advanced medical devices is seen as a driver for ALS defibrillator segment.

The report also provides market estimations for the end-users of defibrillator devices during the forecast period of 2013 to 2019. The market has been categorized on the basis of end-users into five major segments, namely, hospitals, home, public access, emergency medical services and business workplace. In 2012, the hospitals as an end-user category shared more than 90%of the global defibrillator market.Other segments which are expected to grow rapidly during the forecast period are public access and business workplace. The government initiatives for creating awareness about the usefulness of AEDs in SCA will be the crucial factor for the growth of this market. Although the FDA initiatives to tighten the AED approval process, through pre-market approval (PMA), are likely to impact the market negatively, the grace period implementing changes is considerable enough for manufacturers in the defibrillators market.

Geographically, North America is the largest market for defibrillator devices and is expected to retain its top position throughout the forecast period. The rising awareness about the SCA and defibrillators in the USA and Canada is contributing to overall growth of defibrillators market in the region. In addition, legislations requiring installation of AEDs for public access and 'Samaritan Laws' providing immunity to first responders are driving factors for the market.Europe was the second largest market for defibrillator devices in 2012. During the

forecast period, 2013 to 2019, Asia-Pacific and Middle-East are expected to grow at a faster pace than North America and Europe owing to the large patient base, increasing incidences of cardiovascular diseases and rising per capita expenditure on healthcare. The strengthening of economies in the Asia-Pacific and the subsequent rise in the healthcare infrastructure are propelling the market for defibrillators in this region.

The global defibrillators market is dominated by few major players such as Boston Medical Corporation, Medtronic, Inc. Philips Healthcare, St. Jude Medical, Inc. and Zoll Medical Corporation (a subsidiary of Asahi Kasei Corporation).

The global defibrillators market is segmented as follows:

Global Defibrillators Market, by Product Category

• Advanced Life Support (ALS) Defibrillators
•  Automated External Defibrillators (AEDs)
•  Implantable Cardioverter Defibrillators (ICDs)
• Wearable Defibrillators

Global Defibrillators Market, by End-Users

•  Hospitals
• Home
• Public Access
• Emergency Medical Services
•  Business Workplace

Global Defibrillators Market, by Geography

•  North Americ
• Europe
•  Asia-Pacific
•  Middle-East
•  Latin America
• Africa

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Bone Densitometers Market: An Overview of Growth Factors and Future Prospects 2013 - 2019

Bone Densitometers Market was valued at USD 777.9 million in 2012 and is expected to grow at a CAGR of 3.3% from 2013 to 2019, to reach an estimated value of USD 908.5million in 2019.

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Bone densitometry is a non-invasive diagnostic technique which involves use of bone densitometers for quantitative measurement of bone mass or density. Over a past few decades, decrease in bone mass or density has been associated with the occurrence of fractures in future and thus bone density measurement has been considered as an indicator to predict fracture risk. Moreover, people with medications for corticosteroid treatment, cancer, eating disorders, amenorrhea and genetic disorders are also preferred for evaluation of bone mineral density.

Major improvements in diagnostic technology have been witnessed since last decade due to change in perception for osteoporotic disease, growing elderly population and high expenditure to society and healthcare agencies along with the adverse effects on patients across the globe. The advances in the technology are making it possible for early detection of disease before fracture occurs. With socio-economic development in many developing countries and rapid ageing of the population, osteoporosis has become one of the most prevalent and costly health problems in these regions. Growing ageing population combined with increased vitamin D deficient patients and rise in risk for osteoporosis in post-menopausal women contribute to the growth of this market particularly in emerging economies of Middle East, India, China and Japan. Moreover, technological advances in bone densitometerscoupled with increase in access and recognition of these technologies in emerging market, such as China, Brazil,Japan and India will serve as an opportunity for investors to invest in.

The global market for bone densitometers has been studied from the perspective of currently widely accepted technologies and the major end users. Technologies are further segmented, based on axial and peripheral bone density measurement. Axial bone densitometers include dual energy X-ray absorptiometry and quantitative computed tomography. Peripheral bone densitometers include single energy X-ray absorptiometry, peripheral dual energy X-ray absorptiometry, radiographic absorptiometry, quantitative ultrasound and peripheral computed tomography. The endusers for bone densitometers include clinics and hospitals.Hospitals remain the major hub in most of the countries across the globe for bone densitometry diagnostics and devices.

It is expected that the global market for axial bone densitometers will grow at a CAGR of over 3% from 2013 to 2019.In 2012, axial DEXA accounted for the largest share by revenue at USD 297.8 million of the total bone densitometers market. However, due to thedecrease in the reimbursement, the overall market revenue is expected to decline during the forecast period in the U.S and Europe.The market for axial QCTaccounted for the second largest share at USD 182.9million, in 2012. Moreover, it is expected that the global market for peripheral QCT bone densitometers will grow at a CAGR of over 4% from 2013 to 2019, owing to its high sensitivity, portability of devices, lesser scanning time, with better precision and accuracy, and also less radiation exposure.

Geographically, North America dominatedthe global market for bone densitometersin terms of revenue generation and is expected to maintain its position throughout the forecast period. Theadoption of DEXA systems, growing elderly population and consequent rise in incidences of osteoporosis in the U.S., is expected to contribute to the leadership of the North American market. Europe was the second largest regional market for bone densitometersin 2012, owing to the increased demand for bone density measurement.

The global bone densitometers market is dominated by few major players includingGE Healthcare Ltd.,Hologic, Inc., CooperSurgical, Inc. and Diagnostic Medical Systems S.A. Theother key players in the bone densitometers marketinclude BeamMed Ltd.,CompuMed, Inc., Lone Oak Medical Technologies LLC and OsteometerMediTech, Inc.

The global bone densitometers market is segmented as follows:

Bone Densitometers Market, by Technology

• Axial Bone Densitometers
• Dual Energy X-Ray Absorptiometry (DEXA)
• Quantitative Computed Tomography (QCT)
• Peripheral Bone Densitometers
• X-ray Absorptiometry
• Peripheral Dual energy X-ray Absorptiometry (pDEXA)
• Single Energy X-Ray Absorptiometry (SEXA)
• Radiographic Absorptiometry (RA)
• Quantitative Ultrasound (QUS)
• Peripheral Quantitative Computed Tomography (pQCT)

Bone Densitometers Market, by End-users

• Clinics
• Hospitals

Bone Densitometers Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)
• Latin America
• Middle East

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Anesthesia and Respiratory Devices Market: An Overview of Growth Factors and Future Prospects 2013 - 2019

Anesthesia and Respiratory devices market was valued at USD 11.2 billion in 2012 and is expected to grow at a CAGR of 9.8% from 2013 to 2019, to reach an estimated value of USD 21.6 billion in 2019.

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Rise in the number of respiratory diseases such as chronic obstructive pulmonary diseases (COPDs), asthma and Obstructive Sleep Apnea (OSA) are primary factors driving the growth of this market. A considerable rise in the total number of surgeries conducted globally has also boosted the growth of anesthesia devices market. Sophistication and persistent technological advances by respiratory and anesthesia devices manufacturers is another driving factor for the growth of this industry Moreover, merger of information technology and nanotechnology into these devices has helped in miniaturization of these devices. The shift of patient preference from hospital care devices to home healthcare devices has further accelerated growth and encouraged the provision of easy to use and portable devices that have paved a new way to revive this once mature market.

Saturation in western countries, especially the U.S. and Europe, coupled with unfavorable taxation policies has negatively affected the growth of the market in these regions. Companies are now vying for growth in emerging markets namely India,China and Brazil. The major players in this industry are also facing stiff competition from the regional manufacturers of these countries. However, robust R&D and continuous innovation has helped the big players of this market to retain their strong position in the market. In addition manufacturers such as GE Healthcare, Philips Healthcare, Teleflex and Drager have created a strong brand image with high end quality products supporting their strong market position.

The anesthesia machines market was valued to be USD 3.0 billion in year 2012 and is expected to grow at a healthy rate. Moreover, the anesthesia disposables market which includes anesthesia masks and anesthesia accessories is expected to have the fastest growth of the total anesthesia devices market by 2019. The respiratory devices market includes respiratory equipments, disposables and measurement devices market. The total respiratory devices market was valued to be USD 6.2 billion and is anticipated to have a strong growth in the coming years of forecast. Moreover, the respiratory measurement devices market is expected to grow at a growth rate of over 7% from 2013 to 2019.

Geographically the North American market accounted for the largest share of anesthesia and respiratory devices and is valued at more than USD 4 billion in 2012. However, Asian countries namely India and China are witnessing fast growth and are predicted to emerge as dominating markets in the near future owing to rise in awareness and increased disposable income in these nations.

The major players of this market are GE Healthcare, Drager, Philips Healthcare, Covidien, Teleflex and others. Recently, GE Healthcare introduced iVent 101 Signature which is a portable ventilator and provides comprehensive pressure support therapy. Thus, the companies in this industry are now focusing on providing easy to use and portable devices for home care monitoring.

The anesthesia and respiratory devices market is segmented as follows:

Anesthesia Devices Market, By Types

• Anesthesia Machines
• Anesthesia Disposables

Respiratory Devices Market, By Types

• Respiratory Equipments
• Respiratory Disposables
• Respiratory Measurement Devices

Anesthesia and Respiratory Devices Market, by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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Wearable Medical Devices Market: An Overview of Growth Factors and Future Prospects 2013-2019

Wearable Medical Devices was valued at USD 2.0 billion in 2012 and is expected to reach a value of USD 5.8 billion in 2019, growing at a CAGR of 16.4% from 2013 to 2019.

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Wearable medical devices defined in the strictest sense are devices with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. This report focuses on the various segments of wearable devices currently available in the market and also predicts the introduction of several innovative devices in the future.Healthcare segment forms a major part of the wearable technology market since the innovation of several applications in this area in the last two decades. The meek wrist watch that was used to monitor only heart rate in the last decade has today been transformed into a powerful gadget that can today store vast quantities of data on patient information such as SPO2, heart rate, temperature, blood pressure and water content in the body among several other intelligent diagnostic parameters. Smart phones have made an extremely impressive expansion in terms of applications and can now perform actual diagnostic tests such as the Apple iPhone Glucose test.

The market is highly dynamic and trendy in nature with a heavy importance given to aesthetics and ergonomics of devices. Over 65% of technologies are wrist held devices shaped like watches and the rest include wearability on other areas of the body such as arms, torso and waist. Along with the aesthetics several other features for durability of the device are included such as to make them waterproof and weatherproof. The latest in developments in telecommunication, wireless connectivity and user interface has been applied to these devices to make them more user friendly and keep them easy to interpret even by normal people in order to map their improvement in performance.

In 2013, Google Inc. introduced the Google Glass, a wearable eyewear that is highly dynamic and has varied applications throughout all industries. The success of the device at a consumer level is yet to be decided, but the technology has proven to be a boon to hospitals and the medical community for telemedicine and teleradiology. Philips has already launched an ambitious project to equip hospitals with the tech along with its proprietary hospital apps and devices in order to gain a better coverage and increase use of its devices. The device can connect into Philips Intellivue Solutions to quickly transfer crucial information of patient vital signs into the glass where it can be stored inside a 16 GB drive for multiple use, transfer it to another doctor, share it over several continents with a specialized medical expert.

The market is expected to remain in strong growth phase as purchase power expands for people in emerging countries ofAsia-Pacific and Rest of the World. North America remains in lead for 2012 with a market share of 44%. In terms of competition, the market is highly fragmented and there is no clear leader in terms of revenue considering the whole market. Some of the major market players in the global medical sensors market include Nike, Fitbit, Jawbone, Phyode, Basis Science, Corventis, LifeWatch, Intelesens, Philips, Omron, Zephyr Technology Corporation, Polar Electro, Withings, Sotera Wireless and many more companies each with their own innovative technologies. All in all, this report mentions over 100 companies with a brief emphasis on their technologies.

The global wearable medical devices market is categorized into the following segments:

Wearable Medical Devices Market, by Product Types

• Wearable TherapeuticMedical Devices
• Wearable DiagnosticMedical Devices

Wearable Diagnostic Medical Devices Market, by Product Types

• Vital Signs Monitors
• Fetal & Obstetric Devices
• Neuromonitoring Devices

Wearable Therapeutic Medical Devices Market, by Product Types

• Pain Management
• Glucose/Insulin Monitoring
• Respiratory Therapy Devices

Wearable Therapeutic Medical Devices Market, by Application

• Sports and Fitness
• Remote Patient Monitoring
• Home Healthcare

Wearable Medical Devices Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Prefilled Syringes Market Expected to Reach USD 4.98 Billion Globally in 2019

The global Prefilled Syringes Market was valued at USD 2.09billion in 2012 and is expected to grow at a CAGR of 13.3% from 2013 to 2019, to reach an estimated value of USD 4.98billion in 2019.

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Prefilled syringes are advanced drug delivery devices filled with single measured dose of high-end injectable drugs. Thesesyringes are gradually becoming the most preferred delivery devices for various categories of injectable drugs, mainly due to the advantages offered to drug manufacturers, healthcare providers and patients over conventional vial and ampoule packaging systems. To drug manufacturers, they are important because they reduce overfill to 4%-5% from 20% in vials, and thus, are preferred for dispensing therapeutic classes (mainly biologics) which are expensive. With respect to healthcare providers and patients, prefilled syringes help with factors such as ease of operation, low risk of contamination and accurate dosing.

Glass has been the most preferred material over decades for syringe manufacturing, owing to its properties such as non-reactive nature, robustness, transparency and tolerability against heat. Consequently, glass based prefilled syringes accounted for the larger share(more than 90%) of the total market in 2012, both by revenue as well as volume.Sincethe past few years, the industry is witnessing a shift towards the usage of plastic in place of glass in response to some significant disadvantages associated with glass, such as high risk of breakability and increased level of leachability from silicone layer in the presence of biologics. Under the influence of continued development in the area of polymer technology, the market for plastic based syringes is expected to grow at a CAGR more than double of that of glass syringes duringthe forecast period from 2013 to 2019. Nevertheless, glass syringes will still dominate the total global market for prefilled syringes in 2019, in terms of percent share by revenue as well as volume.

Boost in the use of biologics and other potent injectable drugs, technical advances in prefilled syringe manufacturing and packaging, rising demand for self-administration and increasing elderly population suffering from various chronic diseases that require frequent parenteral dosing are some major drivers anticipated totrigger market growth during the forecast period. On the other hand, burgeoning concerns regarding needlestick safety and prevention, rising manufacturing costs and issues with drug stability are some of the challenges likely to affect the growth of the global prefilled syringes market.

Geographically, Europe constituted the largest market share for prefilled syringes in 2012, owing to the high adoption rate of these delivery devices in the region. However, the North American market is predicted to grow at a higher CAGR (15%) thanEurope during the forecast period to reach a value similar to that of the European market. Major drivers expected to contribute to this market growth include increasing awareness regarding benefits of prefilled syringes and presence of a large number of biopharmaceuticals under clinical development targeted for parenteral administration. In addition, the high growth economies of emerging nations such as India, China, Brazil, Russia and Mexico are attracting manufacturers to invest in these lucrative markets. Japan is a well-established market for prefilled syringes among Asian countries.

Browse Full Report PDF with TOC : Prefilled Syringes Market

The market for prefilled syringes is oligopolistic in nature and is dominated by a few key players, namely, Becton, Dickinson and Company, Gerresheimer AG, Nipro Corporation, Schott AG and Stevanato Group. Other vendors operating in the market include Unilife Corporation, West Pharmaceutical Services, Inc., Baxter International, Inc. and Ypsomed Holding AG.

The global prefilled syringes market is segmented as follows:

Prefilled Syringes Market, by Segment

• Glass Prefilled Syringes Market

o    By Revenue (USD Million)

o    By Volume (Million units)

o    Plastic Prefilled Syringes Market

o    By Revenue (USD Million)

o    By Volume (Million units)

Prefilled Syringes Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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