Corporate Wellness Market Boosted by Constant Rise in Discounted Wellness Programs!

The sedentary lifestyle of corporate employees has led to growth in the number of people suffering from depression, obesity, hypertension, and other cardiovascular diseases. The increasing number of people suffering from various diseases has led to increased medical expenses. This has increased expenses for the corporations, as organizations have to spend more money on the management of human resources. To take care of this problem, companies avail corporate wellness solutions. 

Corporate wellness programs aim to maintain and improve the health of employees. These programs are beneficial for the corporations in many ways, as they help in minimizing the attrition rate and in turn maximizing productivity. The company’s profits are affected heavily by reduced productivity due to absenteeism. However, this can be avoided through effective wellness programs. Regular fitness activities effectively motivate employees to stay fit, which reduces unnecessary health expenses. As employees spend almost half of the day at or commuting to and from the workplace, it is also an important place to spread health awareness. Consistent increase in the healthcare costs, coupled with the availability of discounted wellness packages, has resulted in increased participation in wellness programs. These factors are expected to propel the global corporate wellness market in the years to come.

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Primarily, the corporate wellness industry includes nutritional consultants, fitness consultants, psychological therapists, and firms that offer several wellness programs under a single roof. The increasing government initiatives to mandate organizations to implement wellness programs for their employees are expected to further contribute towards the growth of the global corporate wellness market in the next few years. In the United States, the latest reforms in the Affordable Care Act have pushed the cap on incentives granted to employees for taking part in wellness programs from 20% to 30% of the total cost. The emergence of many such reforms is predicted to motivate employees to participate actively in wellness programs. 

Earlier, employee wellness programs were only incorporated in bigger organizations. But today, even the smallest of firms have a corporate wellness program to keep their employees motivated and healthy. Employee retention is a major issue faced by many organizations across the globe. By implementing corporate wellness programs, this issue is predicted to be minimized, as it encourages employees to perform better and assures employee satisfaction. 

The increasing industrialization in developed and developing nations, changing lifestyles, and rising utilization of advanced wellness programs are predicted to propel the global corporate wellness market in the next few years. Corporates are focusing on conducting biometric screenings, lifestyle coaching, and are also encouraging many service providers to synchronize hospital care. Treatment schemes for employees based on the evidence are also expected to be introduced by many corporations to take wellness programs one step forward. 

The global corporate wellness market is divided by geography into North America, Asia pacific, Europe, and Rest of the World. Currently, the global corporate wellness market is dominated by Asia Pacific owing to increasing industrialization.

Leading Manufacturers Campaigning to Promote New Surgical Equipment: A Driving Factor for Global Surgical Equipment Market

Surgical equipment is utilized for various functions during surgical procedures including making incisions, grasping certain tissues, holding tissues and organs back, and closing wounds. Electrosurgical devices, surgical handheld devices, and sutures and staples are some of the commonly used surgical equipment in surgery rooms. Technological advancements in the medical devices market, the rapidly increasing elderly population, the rise in the number of surgical procedures, and the increasing demand for minimally invasive procedures are some of the factors expected to propel the global surgical equipment market in the years to come. 

However, in a sector defined by ample growth opportunities, competition naturally remains high. This has prompted manufacturers of surgical equipment to adopt aggressive marketing and promotion campaigns to gain new customers. 

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This is helped by the fact that many hospitals are also focusing on adding more centers and operating rooms where surgeries can be performed with new surgical equipment. For instance, at the Andover-based Lawrence General Hospital, seven new operating rooms are expected to be inaugurated by August 2016. These operating rooms are expected to have more space and will occupy new surgical equipment. As hospitals are increasingly focused on delivering world-class services, more such investments are expected to be seen.

Surgical Sutures and Staples Segment to Drive Global Surgical Equipment Market

The availability of a variety of surgical devices is expected to propel the global surgical equipment market in the years to come. The global surgical equipment market was valued at US$8.43 bn in 2012 and is expected to reach US$11.28 bn by 2019, predicted to progress at a 4.20% CAGR from 2013 to 2019 owing to the increasing preference for minimally invasive surgeries.  

The global surgical equipment market is segmented on the basis of geography and product type. By product type, the global surgical equipment market is classified into electrosurgical devices, surgical handheld instruments, and surgical sutures and staples. In 2012, the surgical sutures and staples segment accounted for a dominant share of 55% in the global surgical equipment market. However, the demand for electrosurgical devices is expected to increase in the years to come. 

North America to be Dominant Region in Global Surgical Equipment Market

By geography, the global surgical equipment market is divided into Europe, North America, Latin America, Asia Pacific, and Rest of the World. Currently, the global surgical equipment market is led by North America, followed by Europe. Going forward, Europe and North America are predicted to maintain their dominance due to the rising demand for surgical equipment. The rising public investments in the healthcare sector are expected to propel the Asia Pacific surgical equipment market in the years to come. 

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Factors such as the high cost of surgical equipment, side effects of certain surgical devices, and the implementation of the Patient Protection and Affordable Care Act (PPACA) in the U.S. are predicted to restrict the growth of the global surgical equipment market. Leading players will find growth in emerging economies in Eastern European countries to increase their contribution in the global surgical equipment market. Some of the leading players operating in the global surgical equipment market are Ethicon, Inc., B. Braun Melsungen AG, CONMED Corporation, Integra LifeSciences Holdings Corporation, Stryker Corporation, and CareFusion Corporation. 

Increasing Prevalence of Kidney Diseases Drives Growth Dialysis Products and Services Market

A research study on the global dialysis products and services market, recently published by Transparency Market Research (TMR), projects this market to expand at a CAGR of 5.90% over the period from 2014 to 2020. Analysts expect this market to witness an increase in its value from US$77.6 bn in 2013 to US$115.4 bn by the end of the forecast period.The research report is titled “Dialysis Products and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”

A number of cases related to renal failure are being reported every day across the world, thanks to the increasing prevalence of diabetes and various kidney diseases. Renal failure or kidney failure is a medical condition, in which kidneys fail to filter waste and excess water from the patient’s blood. In this case, the patient needs dialysis, which is the process of purifying the blood of the patient suffering from renal failure by removing extra fluids and waste products and by controlling the fluidic levels of the patient’s body.

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The rising incidence of renal failure has fuelled the demand for dialysis products and services significantly in the global arena. According to the report, the rapid increase in the geriatric population has added considerably to the number of patients suffering from diabetes and chronic kidney diseases, leading to a large renal failure patient pool.

The implementation of favorable reimbursement policies by various governments has also boosted the adoption of dialysis products and services among patients. In addition to this, the improvement in the healthcare sector in emerging nations is likely to strengthen the market for dialysis products and services across the world in the coming years, notes the study.

The report studies the global dialysis products and services market on three fronts: Product type, service type, and its regional spread. On the basis of the type of product, the market has been classified into peritoneal dialysis and hemodialysis. In 2013, the hemodialysis segment led the market with a share of 31%. Experts anticipate this segment to retain its position during the forecast period.

Based on services, the market has been categorized into home dialysis and in-center dialysis. The demand for in-center dialysis services is more than home dialysis services in the global arena. The segment is likely to maintain its dominance in the global market in terms of demand over the forecast period, states the report.

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Regionally, the report has segmented the worldwide dialysis products and services market into North America, Asia Pacific, Europe, and the Rest of the World. As per the study, North America led the overall market in 2013 and is anticipated to retain its leadership throughout the forecast period.

Rockwell Medical Technologies Inc., Nipro Corp., NxStage Medical Inc., Nikkiso Co. Ltd., Kawasumi Laboratories Inc., Medical Components Inc., Fresenius SE & Co. KGaA, Covidien Plc, C. R. Bard Inc., DaVita Healthcare Partners Inc., Cantel Medical Corp., Baxter International Inc., B. Braun Melsungen AG, and Asahi Kasei Corp. are some of the key players functioning in the global dialysis products and services market profiled in this research report.

Global Vital Signs Monitoring Market Shows Growth Potential as Convenient and Cost-effective Options Emerge

Transparency Market Research has compiled a vast amount of data on the biotechnology industry from a global as well as regional perspective. One of the more critical reports in this field is “Vital Signs Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” from which a user could gain core knowledge of the market in order to gain a firmer standing in it.

A living being’s vital signs include the measurement of body temperature, blood pressure, respiratory rate, and heart rate. In some cases, the monitoring of vital signs can even include end-tidal carbon dioxide rate, shortness of breath, gait speed, urinary continence, and physical pain. The primary precursor to measuring any vital sign is age, as these measurements are always changing with reference to a patient’s age. Vital signs monitoring serves a dual purpose of maintaining the healing rate of a patient, while also providing an important step anticipating complications.

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The primary driver of the global vital signs monitoring market is the growing awareness among patients about the modern options offered in this market. A large number of vital signs monitoring devices today are not only portable, but also provide a cost-effective way to measure an individual’s overall well-being. The global vital signs monitoring market is further boosted by the increasing interest shown by government bodies in the form of favorable reimbursement policies. This factor applies more to developed economies, whereas developing economies are also showing a fast growth rate due to a rapid rise in healthcare infrastructure in recent years.

The global vital signs monitoring market is primarily segmented through device type into temperature monitoring devices, pulse oximeters, and blood pressure monitoring devices.

A key aspect of the global vital signs monitoring market is multimodal monitoring, which allows for the measurement and display of multiple vitals simultaneously. It also allows for a constant rate of monitoring for a patient and provides a direct link between the vital signs measurements and the trained medical staff.

Geographically, the global vital signs monitoring market has consistently been dominated by North America, owing to the region’s relatively advanced medical industry, along with the higher percentage of the geriatric demographic. This region benefits more from the increasing demand from patients for home monitoring devices. Asia Pacific and Latin America are taking major leaps in improving their healthcare infrastructure and will therefore provide a large scope of growth for the global vital signs monitoring market in the coming years.

Key players in the global vital signs monitoring market are Welch Allyn, Inc., Suntech Medical, Inc., Spacelabs Healthcare, Inc., Philips Healthcare, Omron Healthcare, Inc., Nihon Kohden, Mindray Medical International Limited, Masimo Corporation, GE Healthcare, Covidien PLC, Contec Medical Systems, and A&D Medical.