TECHNOLOGY FACTS

Intraoperative MRI Equipment Market Current Trends and Top Benefits till 2026

Fact.MR observes as robust growth in demand for intraoperative MRI equipment in the global healthcare marketplace. By the end of 2026, the global intraoperative MRI equipment market is estimated to surpass US$ 315 million valuation. The advantage of intraoperative MRI equipment in improving the localization for physicians during surgeries will continue to bolster their demand in the near future. During the period, 2017-2026, the global market for intraoperative MRI equipment is assessed to reflect a CAGR of 7.1% in terms of volume.

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As the years progress, advancements in medical imaging technologies are being welcomed by communities of physicians and surgeons across the globe. Currently, the adoption of intraoperative MRI equipment showcases a promising growth. Leading medical research organizations are exhibiting readiness to invest in technologies for instrumenting developments in the operability and functioning of intraoperative MRI equipment. Multiple advantages of using intraoperative MRI equipment will be driving their uptake in the coming years.

Furthermore, intraoperative MRI equipment operate on conventional MRI modality, which supplements their adaptability among traditional healthcare settings. It has been estimated that majority of intraoperative MRI equipment manufactured in the world will be adopted by hospitals. Sufficient funding to purchase these expensive machines will keep hospitals at the forefront of global intraoperative MRI equipment end-use. By the end of 2026, more than 2,200 units of intraoperative MRI equipment are expected to be sold across hospitals worldwide.

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Traditional image-guided procedures remained restricted to the limitation of physicians referring to pre- and post-operative images for conducting neurosurgical or maxillofacial procedures. With advancements in medical imaging technologies, intraoperative MRI techniques paved their way in the diagnosis-guided surgery landscape, enabling physicians and surgeons to view the images during surgery, rather than referring to them preoperatively or postoperatively. Advanced intraoperative MRI equipment are being developed to facilitate enhanced imaging for physicians and lower the risks of improper surgeries during preoperative conditions.

Real-time visualization offered by latest intraoperative MRI equipment to improve the efficiency of surgical interventions. Gradient-imaging advantage of intraoperative MRI equipment to support physicians in planning the path of surgery. The co-efficiency of intraoperative MRI equipment in lowering the chances of second surgical intervention to aid patient outcomes of hospitals.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Gas Chromatography Market An In-Depth Study of Top Companies

A recent research by Fact.MR estimates the global gas chromatography market to exhibit an above-average expansion through the forecast period 2017 to 2022. The global market for gas chromatography is expected to exceed US$ 3,500 Mn in revenues by 2022-end.

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There has been a significant surge in adoption of gas chromatography among industrial sectors such as oil & gas, agriculture, food & beverage, and healthcare. Gas chromatography is also being adopted in research organizations, academic institutes, clinical toxicology, and environmental agencies. Combination of gas chromatography and mass spectrometry (GC-MS), has found its application in fire investigation, identifying unknown samples, environmental analysis, investigation of explosives, and detection of drugs. On the back of these applications, gas chromatography will witness a substantial rise in demand in the upcoming years.

Various governments are making investments for the development of advanced chromatography technologies. In addition, a number of collaborations have been witnessed between research laboratories, and academic institutes since the recent past. Gas chromatography tests have become highly imperative for drug approvals. The aforementioned factors will augment growth of the global gas chromatography market over the forecast period.

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Higher growth potential for the market is being observed in emerging countries, because of their rising GDP, along with increasing healthcare spending driven by the large population base. One of the major trends discerned in the global gas chromatography market is growth in adoption of the micro gas chromatographs. A number of companies are shifting their focus to utilization of small instruments, in order to save huge investments and space.

Several benefits are offered by micro gas chromatographs such as lower energy consumption, short delays in receiving results, lower sample gas quantity required, increased reliability in operation, and process accuracy & precision. However, instruments of gas chromatography involve huge initial capital investments, with shortage of skilled professions for their operation. These factors might hamper the market growth.

Key players listed in Fact.MR’s report on the global gas chromatography market include Danaher Corporation, Perkin Elmer Inc., LECO Corporation, Shimadzu Corporation, Restek Corporation, Merck KGaA, Thermo Fisher Scientific, Inc., DANI Instruments S.p.A, and Agilent Technologies.

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Dental Restorative Supplies Market Report Examines Top Company Analysis Forecast by 2028

Sales of dental restorative supplies are expected to remain concentrated in the developed counties of Europe region, particularly the EU-4. Fact.MR foresees that the demand for dental restorative supplies in Europe region is largely influenced with growing cases of dental diseases, which is expected to translate into sales crossing US$ 1,800 Mn in Europe by 2028 end.

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The market for dental restorative supplies in Asia Pacific excluding Japan (APEJ) region is expected to be optimistic and manufacturers of dental restorative supplies can expect significant momentum in the emerging countries of China and India during the assessment period. Closely following the suit, developed countries in North America, particularly the United States, are likely to showcase notable demand for dental restorative supplies on the back of increasing occurrences of root canal in the region.

Composite dental restorative supplies are estimated to witness significant demand and adoption during the period of forecast. Sales of composite dental restorative supplies are estimated to touch US$ 2,200 Mn owing to their high durability and availability in different shades suiting the aesthetic requirements of the customer. However, their post-operative sensitivity is expected to confine their scope of application in some cases. On the contrary, impression material is gaining high traction owing to rising demand for indirect restoration procedures, says the report.

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Demand for dental restorative supplies in dental clinics is projected to expand at a relatively robust rate throughout the period of assessment as compared to hospitals. Hospitals lack wards needed for dental restoration, which is limiting use of dental restorative supplies in the hospital sector.

Future prospects of the dental restorative supplies market are expected to be bullish on account of changing customer approach toward dental aesthetics and treatment of dental caries coupled with increasing number of dental procedures worldwide. Moreover, environmental concerns associated with use of mercury in dental restorative supplies has led to the development of ceramic material and glass ionomers that deliver higher customer satisfaction in turn facilitating momentum to the adoption of dental restorative supplies.

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Home Diagnostics Market Outlook and Opportunities in Grooming Regions with Forecast to 2026

Fact.MR, in its latest market study, opines that the home diagnostics market will grow at a healthy 3.5% value CAGR, surpassing US$ 6.3 million by 2026. According to the report, sales will remain buoyant in developed regions, with North America and Europe collectively accounting for over 50% revenue share of the market. The Fact.MR study remains bullish on the prospects of home diagnostics market players in developing countries, as growing focus on health & wellness, and emergence of many Asian countries as medical tourism hubs creates opportunities.

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Increasing preference for self-diagnosis continues to be a trigger for home diagnostics sales, whereas a combination of industry-specific and regulatory factors continue to influence the strategies of market players. Governing bodies such as the U.S. Food and Drug Administration (FDA) and the European Commission regulate home diagnostics with stringent quality control regulations and labeling requirements. Gaining EU CE mark, FDA 510(k) clearance, and FDA approved Premarket Approval Application (PMA) continues to be a primary focus for home diagnostics manufacturers who are looking to scale up their presence in developed markets. For instance, Abbott Laboratories, a leading pharmaceutical company in the U.S., recently got an FDA approval for marketing its FreeStyle® Libre 14 day Flash Glucose Monitoring system in the U.S. ACON Laboratories, another prominent player in the home diagnostics market announced that it has received FDA clearance of Mission® U120 urine reagent strips. According to the report, compliance to ever-evolving regulations and gaining regulatory approval remains both an opportunity and challenge for market players.

The report also finds that home diagnostics manufacturers are focusing on incorporating advanced technology to differentiate their offerings in the market. For example, Abbott Laboratories adopted next-generation sensor technologies to upgrade its FreeStyle Libre system (10 day) to the FreeStyle® Libre 14 day Flash Glucose Monitoring system with improved accuracy and better mean absolute relative difference.

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The Fact.MR study finds that glucose monitoring devices will continue to witness robust demand and dominate the home diagnostics market with over than 80% revenue share in the market. According to the World Health Organization (WHO), the number of people suffering from diabetes reached 422 million in 2014, and it will soon become a leading cause of death. Increasing prevalence of diabetes worldwide and the growing need for monitoring sugar levels among diabetes patients is likely to boost adoption of glucose monitoring devices during the assessment period. Home diagnostics market players are aware of the surging demand for glucose monitoring devices, and are focusing on increasing their product portfolio in this segment. The other lucrative segments in the home diagnostics market include pregnancy tests and ovulation prediction kits.

According to the report, although demand for home diagnostics is concentrated in developed countries, home diagnostics market players are putting efforts to boost uptake in developing regions. According to statistics published by WHO, the prevalence of diabetes has been the highest in middle and low-income countries.

Anticipating the burgeoning demand for glucose monitoring devices in emerging Asia, players in the home diagnostics market are shifting their focus towards developing nations, including China and India. ARKRAY, Inc. – a Japanese manufacturer in the home diagnostics market – recently announced that it will strengthen its diabetes testing instrument production capacity in China. Leading manufacturers in the home diagnostics market are modifying their marketing strategies to improve awareness about cost-effective and efficient home diagnostics to leverage lucrative opportunities in the Asia-Pacific region.

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Syringes & Cannulas Market Growth Opportunities & Technology Developments by 2028

North America has traditionally remained the most remunerative market syringes & cannulas, however emergence of Asia-Pacific excluding Japan (APEJ) as a medical tourism hub has paved abundant opportunities for syringes & cannulas manufacturers. The U.S. continues to lead the North American market for syringes & cannulas, whereas majority of APEJ’s syringes & cannulas market continues to remain consolidated in India, trailed by China. The study finds that the U.S., India, and China collectively account for nearly 45% of the overall syringes & cannulas market.

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India’s preeminence as a manufacturing hub for fast-selling medical consumables such as syringes and cannulas is not confined to Asia, but also remains unabated worldwide. In a move to cut down cost of Indian syringe and cannula brands by more than 50%, a group of domestic manufacturers have decided on voluntary reduction of MRPs apropos of these healthcare consumables. This move rides the coattails of growing debate and speculation over handing the control of medical devices cost to the government. Additionally, the All India Drug Action Network (AIDAN) has demanded the government for immediate imposition of cost control on syringes & needles, along with medical devices notified as commonly used devices. China continues to remain the second-largest syringes & cannulas market in APEJ.

Disposable syringes continue to gain ground in light of myriad factors, ranging from fast evolution of biologics through aggressive research and development activities to their efficacy in easing management of larger patient pool, meanwhile cutting down possibilities of overfills. It is highly likely that future prospects for disposable syringes manufacturers will be optimistic, with the proliferation in drug development efforts apropos of biologics. Demand for reusable syringes, despite sluggish, continues to remain sustained by demand in animal-based research studies. Volume sales of reusable syringes will record less than 2X slower growth, compared to disposable syringes sales through 2028.

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The market for cannulas will continue on its sluggishness, with increase in volume sales estimated at just 4 million units in 2018 over 2017, as compared to 572 million units of syringes. While volume share of worldwide cannula sales remain concentrated in variants featuring wings and port, nasal cannula are likely to record a relatively faster growth through 2028. Automatic activation of safety mechanism during the needle withdrawal, coupled with prevention of accidental needleprick injuries to healthcare professionals, is a key attribute of cannulas with wings and port that have sustained their demand in hospitals and clinics.

Nasal cannulas are witnessing higher demand owing to increasing global burden of COPD, with over 3 million deaths estimated worldwide by the WHO in 2015. Additionally, the breakthrough patient-centric solution, which ensures continuous flow of oxygen equivalent to dual-pronged cannula, has led distributors seeking competitive differentiation and innovative products to incorporate the product in their portfolio.

Hospitals continue to hold leading volume shares in the syringes & cannulas market, being the first point for treatment in most countries and affordable access to first-aid medical care. However, syringes & cannulas sales in clinics are likely to pick faster pace through 2028, with investment initiatives focused toward primary healthcare likely to result in growing number of clinics worldwide. Recent approval of US$ 105 Mn equivalent non-reimbursable grants for Government-based primary healthcare strengthening programs is a key aspect underpinning growth of clinics worldwide, which in turn will significantly affect future demand for medical devices such as syringes & cannulas in clinics.

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Cancer Profiling Market Volume Analysis, Segments, Value Share and Key Trends 2018-2028

According to the study, cancer profiling market revenues continue to remain consolidated in North America. Of the estimated new cases, breast cancer accounts for over 15% and colorectal cancer for about 8% new cases. As breast and colorectal cancers are few of the leading causes of death in North America, collectively they register nearly 70% of total regional cancer profiling revenues.

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The study estimates that Europe represents the second most significant demand for cancer profiling and accounts for over four fifth of the global revenues. Rising incidences of cancer, EU’s proactive efforts to promote cancer screening and use of best practices to improve the quality are responsible for the significant investments in cancer profiling space in Europe.

Fact.MR finds that APEJ will register significant utilization of cancer profiling in coming years on the back of rising awareness and adoption of improved tools for cancer identification.

According to the study, breast cancer is expected to take maximum advantage of cancer profiling as compared to other cancer types. After lung cancer, breast cancer is the second most leading cause of new cancer cases.

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Globally, national governments are actively engaged in generating awareness regarding the prevention and diagnosis of breast cancer. As cancer profiling applications remain higher in breast cancer diagnosis, a significant fall in breast cancer mortality shows promising diagnosis and improved treatment.

Colorectal cancer is also categorized among one of the leading causes of new cancer cases and cancer deaths. The study finds that followed by breast cancer, a significant utilization of cancer profiling can be observed in colorectal cancer.

Fact.MR study estimates that hospitals account for a significant share of the cancer profiling market followed by diagnostic centers. Increasing establishments of multi-speciality hospitals with in-house diagnostic centers are driving the growth of cancer profiling market in hospitals. A considerable utilization of cancer profiling is also found in research laboratories and cancer research institutes.

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Lithotripsy Devices Market Growing Awareness with International Forecast to 2026

According to Fact.MR analysis of lithotripsy devices market, Europe is envisaged to dominate lithotripsy devices market and is projected to reach US$ 307.5 MN by the end of foreseeable period due to the presence of leading market players in the region. Europe will be closely trialed by Asia-Pacific excluding China (APEC) lithotripsy devices market. APEC lithotripsy devices market is likely to account for second largest value share in lithotripsy devices market due to increasing burden of chronic diseases in tandem with the developing healthcare infrastructure in the region, apart from the growing initiatives to promote adoption of lithotripsy devices.

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The lithotripsy devices market is projected to continue its steady growth due to the burgeoning cases of kidney stones, coupled with the surging demand for minimally invasive medical treatments. According to Fact.MR report, the lithotripsy devices market is anticipated to accelerate at 4.3% CAGR during 2018-2026 to reach a value of US$ 1,095.2 MN by the end of 2026. In recent past, lithotripsy has become the most preferred way of treating kidney stones, owing to myriad advantages of lithotripsy devices, such as low cost, relative safety, negligible recovery time and positive results.

The Fact.MR report on lithotripsy devices market opines that the growing adoption of lithotripsy devices owing to their ability to treat all kinds of kidney stones with impressive success rates for ureteral stones without any considerable complications has been underpinning gains in lithotripsy devices market.

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Urolithiasis is a widely prevalent urologic issue, which constitutes considerable burden on the healthcare system across the globe. According to Fact.MR report on lithotripsy devices market, apart from widespread prevalence, urolithiasis has been linked to an increased risk of end-stage renal failure, which has further accelerated the demand for lithotripsy devices. As per the U.S. National Institutes of Health, urolithiasis affects roughly 12% of the worldwide population once in lifetime. The report opines that the growing prevalence of kidney stones is likely to drive the growth of lithotripsy devices market during the forecast period. The rapidly advancing technology and manifold extracorporeal shock wave lithotripsy procedures are anticipated to act as a main growth driver for lithotripsy devices market, as per Fact.MR study. Further, lithotripsy devices’ manufacturers are focusing on creating novel and cutting-edge lithotripsy devices, which is expected to fuel growth in global lithotripsy devices market during 2018-2026.

The Fact.MR report on lithotripsy devices opines that lithotripsy procedures are likely to become an outpatient procedure in the forthcoming years, witnessing a robust growth in ambulatory surgical center segment by end users. Though there are newer ways for the treatment of kidney stones, patients are increasingly opting for minimally invasive or non-invasive treatment as a viable method for kidney stones treatment. Furthermore, as modern day lithotripters provide a wide range of settings to clinicians, medical practitioners get the liberty to adopt diverse combinations with various effects during the procedure. However, the prevalence of substitutes for kidney stones treatment is likely to dampen the growth of lithotripsy market during the foreseeable period. Additionally, adverse effects linked to the use lithotripsy, such as internal bleeding is another key factor likely to dampen the growth of lithotripsy devices market.

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Operating Room Equipment Market Expected to Witness the Highest Growth during the Forecast Period 2017-2022

In the recent times, electrosurgical technologies have been gaining rising momentum among manufacturers in operating room equipment market, which enable treatment such as incision of sealing wounds using electrical energy. Apart from this trend, healthcare professionals are showing strong preference for advanced surgical procedures that use patient imaging scans and virtual reality as compared to conventional techniques for treating medical infections and diseases. Owing to these factors, global operating room equipment market is anticipated to project a robust growth in the coming years.

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In 2017, operating room equipment market in North America crossed a value of US$ 10.5 billion, accounting for relatively high revenue share in the global scenario. Rising prevalence of chronic diseases, surge in number of ambulatory surgical clinics, and high healthcare expenditure in the region is likely to drive the growth of North America operating room equipment market. Meanwhile, APEJ is envisaged to emerge as an attractive region for operating room equipment market, backed by government initiatives for the development of healthcare infrastructure lined with growing number of hospitals as well as healthcare professionals.

According to the Fact.MR study, worldwide sales of movable imaging system collected a revenue of more than US$ 7.9 billion in 2017, and will continue to account for relatively large percentage share of operating room equipment market in 2018. Biomedical systems, on the other hand, is likely to witness an increasing demand in the coming years, representing second highest revenue growth in the global market of operating room equipment.

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The study opines that hospitals will remain the largest end user of operating room equipment across the globe, holding a value share of more than 80% in 2017. Surge in the number of hospitals, especially in emerging economies, and upgrade in operating rooms with technically advanced devices will possibly push the demand for operating room equipment in hospitals.

The study highlights detailed profiles of leading players in the global operating room equipment market which include Getinge AB, Stryker Corporation, Steris Plc, Hill-Rom Holdings, Inc., General Electric Company, KARL STORZ GmbH & Co. KG, Mizuho OSI, Inc., Medtronic, plc, Koninklijke Philips N.V., and Dragerwerk AG & Co. KGaA.

The Fact.MR study offers a detailed analysis and an accurate forecast of global operating room equipment market for the 2017-2022 period. The global operating room market is projected to grow at a CAGR of 6.2% during the forecast period.

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Autologous Fat Grafting Market Current Trends and Future Aspect Analysis 2019 – 2029

The study opines that increasing traction of autologous fat grafting as a promising method for breast augmentation, continues to expand the bandwidth of opportunities for the stakeholders in the development of products and accessories. Gains from autologous fat grafting used for breast augmentation will account for ~50% market shares in 2019.

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Autologous fat grafting is emerging as a promising and safer alternative to breast augmentation procedures. Key players in the market are leveraging mergers and acquisitions based strategies to gain a strong hold in the market. For instance, in June 2019, Innova Medical partnered with Medical Device Resource Corporation to present their plastic and cosmetic surgery customers with holistic and diverse autologous fat grafting product options.

Sensing varied requirements of autologous fat grafting procedure, a range of products have been developed and introduced to the market, which range from accessories and integrated fat transfer systems, to fat processing systems. Demand for accessories continue to grow at a relatively faster rate, with sales estimated to account for ~60% shares in 2019 and the foreseeable future. Fat harvesting cannulas will remain the top-selling accessory of autologous fat grafting, with sales estimated to record ~20% Y-o-Y in 2019 over 2018.

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According to the study, North America will remain the leading market for autologous fat grafting, accounting for ~40% share in 2019. Favorable reimbursement policies apropos of the dermatology procedures and aesthetic medicine continue to augur well for growth of the autologous fat grafting market in North America. Promising areas of research in the autologous fat grafting have come to the fore, with targeted experiments on tissue engineering constructs, ASC culture and expansion, converging with the clinical reconstructive processes.

Growing adoption of integrated fat transfer systems to remove local deposits of excess fat via minimal incision, and for transferring the tissue back to the patient, have significantly driven the demand for integrated fat transfer systems. Additionally, there has been a notable rise in the use of liposuction systems in autologous fat grafting, owing to their ability to effectively reduce surgeon fatigue, while offering a safer and more precise solution that results in faster recovery for patients.

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Optometry Equipment Market Witness Highest Growth in near future

The global optometry equipment market is expected to experience promising growth over the forecast period. The report attributes this growth outlook to an increase in the geriatric population and the subsequent rise in prevalence of Asthenopia (eye strain). Vision loss has been among the most widespread conditions worldwide, particularly in aging population that is more prone to diabetes. This, according to Fact.MR’s research, is accounting for complications in procedures, such as retinopathy leading to vision impairment, which is another factor fueling the growth of optometry equipment market.

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While an increasing number of cataract and glaucoma cases continues to underscore the criticality of pushing the accessibility and affordability of eye care, the report finds that a growing number of multi-specialty clinics, hospital OPDs, and dedicated eye care centers will be a prominent booster. Improving coverage for vision care, particularly in developing economies, is contributing to the efforts in increasing affordability of ophthalmic care, which remains a strong factor boosting sales of optometry equipment over the forthcoming years.

Technological advancements in optometry equipment have significantly reduced the cost of treatment, which can be attributed to improvements in processes, efficiency, and efficacy of optometry equipment. North America continues to reap the first-mover advantage, as technology remains the cornerstone of steadily expanding optometry equipment landscape. The region, owing to strong presence of practicing ophthalmologists and favorable reimbursement scenario, remains the prime market for the stakeholders in optometry equipment market.

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The study opines that Europe is also a developing a lucrative investment pocket for participants, banking on rapidly soaring sales of diagnostic and screening equipment. Fact.MR’s analysis indicates that North America and Europe currently contribute a collective share of ~3/5th of total market revenues.

An increasing number of optometry equipment clinics & hospitals are being set up across various countries across the globe to meet the needs of the increasing number of patients suffering from eye problems, which is boosting the demand for optometry equipment for onsite installation. For instance, in 2013–2014, the number of hospital visits by patients has increased significantly in the U.K., which has crossed over 100 million outpatient appointments. Of these, 10% were only for eye care, thus boosting the usage and demand of optometry equipment.

The optometry equipment market landscape comprises a select set of national/regional chains and over 10,000 independent providers. Small industry players, which include local manufacturers operating in the optometry equipment market, are looking to expand their network and broaden their reach to patients and referral networks. There has been thus a considerable increase in the number of strategic mergers and acquisitions in the optometry equipment market landscape, over the recent past.

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