Rise of Nanotechnology Industry to Fuel Demand for Global Microscopy Devices Market

The global microscopy devices market is expanding at a CAGR of 7.60% within a forecast period from 2014 to 2020. The market was valued at US$5.7 bn in 2013, from which it is expected to expand to US$9.7 bn by the end of 2020, according to a research report released by Transparency Market Research. The report, titled “Microscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, is available on the company website for reference and sale.

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The report includes details on all the factors that drive and restrain the global microscopy devices market. The primary driver for the growth of the market is the leap in the rate of research and development carried out in advancing the technology used today. Innovativeness in the field of microscopy devices is being highly valued and novel approaches are being considered in order to create increasingly powerful and accurate microscopes. Other factors driving the global microscopy devices market are innovations carried forward in the field of semiconductor electronics. The semiconductor industry is rapidly expanding in emerging economies, further fueling the global microscopy devices market.

The global microscopy devices market is taking long strides towards the use of nanotechnology.

Global funding on the incorporation of nanotechnology in microscopy devices has increased considerably over the past few years, giving rise to a strong research and development phase for the use of nanotechnology in microscopy devices.The market is, however, restrained by the high pricing of advanced microscopes, which has hampered the global microscopy devices market’s penetration in developing nations. Additionally, the complexities related to sample preparation and instrumentation of the devices is expected to hinder the market’s overall growth rate.

The report’s segmented analysis of the global microscopy devices market reveals optical microscopes to have led the products category in 2013, with a market share of 38.90%, which amounts to US$2.2 mn in global sales. The second largest product segment in 2013 was of electron microscopes.The segmentation by application reveals the global microscopy devices market leader for 2013 to have been the life sciences industry. It is expected to progress at a CAGR of 6.40% in the report’s forecast period. The second largest application segment in 2013 was the semiconductors industry. This segment is expected to expand at a 12.40% CAGR between 2014 and 2020.

The geographical analysis of the global microscopy devices market shows Asia Pacific to have dominated the market in 2013 with a share of 40.9%. The Asia Pacific microscopy devices market is expected to progress rapidly in the coming years owing to increased research and development activities conducted in schools, universities, government organizations, and research institutes.The largest investor in the global microscopy devices market’s R&D activities has been China. The key players in the global microscopy devices market are Olympus Corporation, Cameca SAS, Hitachi High-Technology Corporation, JEOL Limited, Bruker Corporation, Nikon Corporation, Danish Micro Engineering A/S, Leica Microsystems, Carl Zeiss AG, FEI Company, and NT-MDT Company.

Apheresis Market (Therapeutic Apheresis & Donor Apheresis) - Global Forecast 2018

Apheresis, also called as hemapheresis and pheresis is a procedure which involves withdrawal of blood from a donor and separation and retention of its components such as plasma, platelets, leukocytes, and others. Thereafter, the remaining components are transfused back into the donor. 

Thus therapeutic apheresis is a procedure of separation of blood into its components and also includes removal of abnormal components. The overall apheresis market is classified from the perspective of donor apheresis and therapeutic apheresis. 

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Increase in health awareness, development in healthcare services in the emerging economies, and an increase in the life expectancy in the developed nations are the major drivers contributing to the growth of the apheresis market worldwide. On the other hand, lack of development of inexpensive apheresis treatment, especially in the economically backward countries, might hamper the growth of this market to some extent. 

The major types of apheresis procedures are plasmapheresis i.e. plasma exchange, leukapheresis, plateletpheresis or thrombocytapheresis, erythrocytapheresis and LDL apheresis. Therapeutic apheresis is a measure used as a last resort when conventional pharmacological treatments turn out to be unsuccessful in controlling incapacitating and chronic medical conditions. 

The major medical domains in which apheresis procedures are conducted are hematology, oncology, neurology, and renal diseases. The major diseases in these categories are leukemia, myasthenia gravis, refractory rheumatoid arthritis, systemic lupus erythematosus, thrombocytosis, polyneuropathy, Guillan Barre syndrome, and sickle cell diseases. The prime technologies employed in apheresis equipment are centrifugation and membrane filtration. The apheresis equipment market can be further categorized into apheresis machines market and disposables market. 

Geographically, the global apheresis market is classified into North America, Europe, Asia Pacific, and Rest of the World. At present the major market share of the global market is enjoyed by North America followed by Europe. The prime players in the apheresis market are Terumo BCT, Fenwal, Inc., Haemonetics Corp., Therakos, Inc. among others. 

Global Cell Culture Market: Growing Demand for Artificial Organs to Pave Way for Market’s Growth

The vendor landscape in the global cell culture market includes players such as VWR International LLC, Thermo Fisher Scientific Inc., GE Healthcare, Lonza Group Ltd., Becton, Dickinson & Co., Sigma-Aldrich Co. LLC., Corning Life Sciences B.V., EMD Millipore, PromoCell GmbH, and Wheaton Industries Inc. According to a TMR analyst, mergers and acquisitions among the key players are expected to strengthen the market in the coming years. 

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Cell Culture Consumables Register Higher Demand than Serums and Reagents

The market players are registering increased demand for cell culture across the medical research sector. Cell cultures are being increasingly applied across drug screening and monitoring, disease diagnosis, biologic manufacturing, IVF technology, cancer research, and stem cell research. Increased investments by private medical organizations and government organizations have supported the growth of the global cell culture market. TMR states that among the cell culture consumables, cell culture media register the highest demand compared to serums and reagents. This is due to the key importance of the nature of the culture medium to the health of the cells.

3D Cell Culture to Define Future of Global Cell Culture Market

The growing demand for biopharmaceuticals and artificial organs, coupled with the emerging trend towards serum-free, customized and specialty media solutions is the primary factor contributing towards the growth of the global cell culture market. The increasing focus on stem cell research would further expand the scope of the market in future. TMR recommends that the focus on backward integration to conduct in-house research and sustaining pricing pressures amid a weak global economic scenario will open up significant opportunities for the market players.

However, ethical concern over the usage of animal sources in cell culture is one of the major restraints in the growth of the market. The usage of transgenic plants and animals, and stringent process controls will also impede the growth of the market in the years to come. “3D cell culture has the potential to serve as the future growth opportunity for the market and in vitro analysis.” a TMR analyst predicts.

Asia Pacific to Register Highest Demand for Cell Culture

TMR predicts that among the key regions in the global cell culture market, Asia Pacific will register the fastest growth during the period between 2014 and 2022. “The improvement in economic conditions of the developing countries in the Asia Pacific region such as China and India is anticipated to support the market’s growth,” the analyst states. In 2013, North America was the leading region in the market.

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TMR finds that the various opportunities in the global cell culture market will propel the expansion of the market at a CAGR of 7.1% during the period from 2014 to 2022. This would lead to an increase in the valuation of the market from US$6.1 bn in 2013 to US$11.3 bn in 2022.

Prevention-Better-than-Cure Sentiment to Help Ultraviolet Germicidal Irradiation Systems Sales Touch New High, says TMR

The key players holding the lion’s share in the global ultraviolet germicidal irradiation market are America Ultraviolet, GE Water & Process Technologies, and UltraViolet Devices, Inc. amongst others, TMR finds in a new report. The majority of these companies will focus on offering effective and cost-efficient products to tap the unmet needs in the overall market. For instance, GE Water & Process Technologies is adopting advanced H-technology to improve its line of products and services to gain a competitive edge in the overall vendor landscape. The global UVGI market will also witness a broader range of products in the coming years to appeal to a wider segment of consumers.

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Prevention of Diseases Augments UVGI Market

The noteworthy technological advancements in the UVGI systems have made them a popular choice for sterilization process in restaurants, air-conditioned offices, food joints, hospitals, and several manufacturing units. Consumers are opting for installing hi-tech UVGI systems in order to prevent the occurrence of dangerous airborne diseases, reducing the maintenance cost of HVAC, and mitigating the chances of microbial contamination through air vents.

The rising number of hospital-acquired infections (HAIs) is also driving the global UVI market. According to statistics published by the World Health Organization (WHO) in 2013, about seven patients out every 100 admitted in hospitals acquire HAIs. The global UVGI market will growth at an unprecedented rate against the backdrop of these factors.

Import-related Hurdles to Restrain Market

The biggest challenge faced by this market are the hurdles in developing countries to import UVGI systems. Furthermore, these countries also have a dearth of skilled labor that has the technical knowledge of installing and maintaining these systems. Therefore, the majority of the developing countries have to depend on outsourcing help, which increases the installation costs.

All of these factors are hampering the growth of the UVGI market in emerging economies. Global players are also suffering as several developing countries are formulating new policies to support local manufacturers. This shift in preference is setting a trend in countries of Latin America and Asia Pacific.

A TMR analyst states, “The global UVGI market does have a lineup of some lucrative opportunities such as the burgeoning demand from water purification and advanced packaging sector that are looking at ways to avert air and borne diseases.” The unfortunate reduction in sources of fresh water sources, water pollution, and air pollution have collectively created a demand for UVGI in the food and beverages packaging sectors.

According to TMR’s report, the opportunity in the global ultraviolet germicidal irradiation market was valued at US$168.4 mn in 2014. By the end of 2023, its valuation is anticipated to reach US$430.3 mn, rising at a CAGR of 10.9%between 2015 and 2023. The air disinfectant UVGI systems are expected to make a significant contribution to the growth of this market as its valuation will likely rise to US$375.2 mn by 2023.

The analysis of the market drivers and restraints in the global UVGI market is based on the findings of a report published by Transparency Market Research. The report is titled “Ultraviolet Germicidal Irradiation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”

Telehealth Initiatives to Improve Efficiency and Quality of Medical Tourism

Over the past two decades, plenty of telehealth applications have been successfully implemented.

Applications such as the transfer of digital photos and patient records and the use of medical video endoscopes to monitor patients’ physical examination have demonstrated great results. For many players, the introduction of telehealth in the global medical tourism market has been a profitable strategy.

Telehealth improves the efficiency, customer service, and quality of medical tourism services via enhanced coordination of care between patients and care providers. According to Transparency Market Research (TMR), the global medical tourism market is expected to exhibit a 17.90% CAGR from 2013 to 2019. A rise in the elderly population and the rising number of uninsured people are some of the factors expected to propel the global medical tourism market.

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TMR experts answers a few questions with respect to the global medical tourism market:

Q. How would the implementation of telehealth drive medical tourism?

A. The use of telehealth in medical tourism can offer many benefits. Telehealth improves the quality and process of pre-operative and post-operative care. It also helps control the baseline data remotely. Anesthesiologists can remotely perform the physical assessment of respiratory systems via teleconsultation.

Telehealth allows surgeons to manage follow-up care by connecting to primary care providers of patients. It also assures continuity in patient care by offering timely pre and post consultation.

Leading players and the new entrants operating in the global medical tourism market have started adopting telehealth services for bridging the gap between patients and doctors.

VoyagerMed, a New York-based medical care company, recently announced its plans to launch a telehealth initiative to connect patients from other countries to the U.S. physicians. The telehealth initiative is expected to allow patients to have real-time interaction with healthcare providers.

Q. How will telehealth help players in global medical tourism market to serve patients in the urban and rural areas?

A. As telehealth is being implemented by many healthcare service providers, it will improve the access to care in urban and rural environments to a great extent. People travel abroad from their home country to avail advanced medical care facilities. Telehealth helps healthcare providers to reach people living in rural and urban areas and provide healthcare facilities.

With telehealth, the medical tourism industry is being remade. For instance, millions of people travel to the U.S. to avail superior healthcare. Leading healthcare organizations in the U.S. have started using telehealth facilities to offer medical consultation to those who cannot afford to travel.

Q. What are the challenges faced by the hospitals using telehealth services?

Telehealth in medical tourism has certainly become a rising trend. However, healthcare organizations and hospitals using telehealth services need to consider a few challenges. Legal factors of every country can complicate the entire telehealth landscape. For instance, in the U.S., a telehealth doctor is transported to the patient’s country virtually. Thus, physicians, in order to offer their medical services, need to possess a valid license.

As telehealth services are new, rules and regulations regarding inter-nation telehealth practices are not fully developed. This can hamper the growth of the global medical tourism market.

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Over the past few years, there have been vast improvements in telehealth technologies. Although there are a few technical, regulatory, legal, and organizational obstacles, they are manageable. Going forward, telehealth is expected to play a leading role in shaping the global medical tourism market.  

Global Medical Traction Devices Market Gains Momentum as Patients Increasingly Prefer Non-invasive Procedures

Transparency Market Research is compiling multiple research reports on the industry of medical devices, all replete with the latest market statistics and trends linked to them. “Medical Traction Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” is one such report that follows up on medical traction devices and how their market is expected to shape itself in the coming years.

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In orthopedics, traction devices are mainly used to reset broken bones or muscles. The most common use of traction devices is to straighten the spine by applying mechanical pressure to it from outside the body. There are two generalized segments of device types in the global medical traction devices market: The ones intended for the skin and the ones intended for skeletal restructuring.

There are many types of devices present in the global medical traction devices market, and most of them are intended for children with congenital deformities or people who have suffered from spinal compression. For instance, a device such as the Milwaukee brace is used to straighten out a curved spine in children. Other types include Buck’s traction device and Bryant’s traction device.

One of the primary drivers for the growth of the global medical traction devices market is the high preference of patients for non-invasive treatment methods. A growing number of patients are opting for traction devices and even alternative medicine to avoid surgery and any invasive procedure. As a result, patients suffering from bone deformities, bone fractures, and muscle contracture are applying in greater numbers for medical traction devices instead of surgery.

Another factor promoting the growth of the global medical traction devices market is the growing geriatric population. A steady increase in the elderly numbers is key for the global medical traction devices market, as they are the most prone to musculoskeletal problems.

The global medical traction devices market also benefits from added interest shown by patients who suffer from chronic pain. These patients, who have handled the pain, the long lists of drugs, and the side effects related to these drugs, are always looking for alternatives to painkillers and surgical procedures. The global medical traction devices market can therefore find a high scope of growth in this sector.

In terms of device types, the global medical traction devices market contains devices such as the anatomotor. Arthrotonic stabilizers, and the DRX9000 spinal decompression machine.

The key players in the global medical traction devices market are VAX-D Medical Technologies, LLC, CERT Health Sciences, Spinal Designs International, Inc., SpineRx Technology, Medtronic, Inc., North American Medical (NAM) Corporation, STOLL Medizintechnik GmbH, RS Medical, and The Saunders Group, Inc.

Key Reasons Driving Adult Day Care Services Industry

Adult day care services, also known as adult day care center, is an important type of services, which comprises non-resident support and services related to daily living, nutritional, healthcare and social support. These services are provided to adults and elder people, by the strong network of professional and trained people and nursing staffs. Adult day care services play an important role in the provision of transitional care and rehabilitation services, usually required after hospital discharge. In the most usual way, day care centers operate for 10-12 hours in a day and provide various supportive services to adult population, such as meal, medication, general supervision and moral and physical support.

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Many of the adult day care centers offer specialized focus on particular disease treatment and provide services related to that disease, such as, cardiovascular diseases, services for physically or mentally disabled persons. In addition to support services, many of the adult day care services have taken the initiative to develop a diagnostic and treatment center for the patients present in their center. Such diagnostic services play a vital role in case of chronically ill patients, such as, patient with Alzheimer’s disease, patient in coma and other similar situations. Due to proper treatment in the adult day care center, hospitalization probability have been decreased in last few years.

The market for adult day care services is expected to grow in a lucrative fashion, in the forecast period 2013 - 2019. This growth is driven by market drivers, such as increasing aging population of the world, rising medical expenditure, growing demand for day-care services due to rising prevalence of chronic diseases, ‘Patient Protection and Care Act’ and growing concern of global population towards the specialized day care services. Increasing geriatric population is one of the most important market growth propellers. According to Center for Diseases Control and Prevention (CDC), as of 2030, the population of Americans aged 65 years or older is expected to rise to 72 million, constituting around 20% of total population of the U.S.

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Further, due to increased aging population, it imposes a heavy burden of the healthcare and associated services, which causes depletion of quality in those healthcare medical infrastructures. Henceforth, day care services have found their applications in minimizing the burden on the healthcare services in an efficient manner. In addition, increased chronic disorders associated with aging population also fuels the market growth of day care services. For instance, according to Alzheimer’s Association, as of 2013, 5 million people from the U.S. are suffering from Alzheimer’s disease and the disease is the 6th leading cause of death in the U.S. Hence, such rise in chronic diseases also contributes towards the growth of day care services market in an exponential way.

Major players operating in this market include National Adult Day Services Association (NADSA), Alzheimer Association Day Care Center among others.