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Surgical Staplers Market Trends and Growth Factors Analysis

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The global surgical staplers market is anticipated in a report by Transparency Market Research (TMR) to witness the highly consolidated nature of its vendor landscape. This could be because of the presence of a handful of large-scale private and public medical devices vendors. A few companies based in developed economies are expected to show their dominance over the market. Close to an 80.0% share of the market is held by Johnson & Johnson Services, Inc. and Covidien Plc. However, other prominent names of the market, viz. Grena Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd. could look too improve their presence in the industry.

TMR predicts the global surgical staplers market to rise at a 7.5% CAGR between 2018 and 2026 to be valued at a US$4.0 bn by the final forecast year. In 2017, the market gained a valuation of US$2.0 bn. Disposable surgical staplers could take the lead in the market among other products while securing an expected share of 78.0% by the end of 2026. Regionally, North America is foreseen to achieve a larger share of the market, considering its US$0.9 bn revenue earned in 2018.

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Wide Use of Surgical Staplers in Minimally Invasive Surgeries to Swell Demand

Growing use of surgical staplers in minimally invasive procedures such as flexible endoscopic procedures, general surgeries, laparoscopic procedures, cosmetology procedures, and colorectal surgeries is foretold to push the growth of the market in the near future. Millions of such procedures were conducted in the U.S. in the recent past, according to Ethicon U.S., LLC. Interestingly, these procedures are going to increase in the coming years, as per the findings of the company. The demand for minimally invasive procedures could increase due to the rising awareness about their various advantages, including faster recovery, less pain, reduced risk of infection, and minimal complications.

Functional Failure of Surgical Staplers during Surgeries to Arrest Market Growth

Availability of alternatives to surgical staplers is envisioned to hamper the growth of the market. Another factor that could restrict market growth could be the functional failure of surgical staplers during surgeries. Issues associated with the functionality of surgical staplers such as separated suture lines, misfiring or firing failure, and failure in the formation of staples are projected to impede the growth in demand. Thousands of adverse events due to the use of surgical staplers have been reported in the last five years, according to the FDA.

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Despite of all these negative factors affecting the rise of the global surgical staplers market, there could be favorable prospects birthing on the back of the growing trend of robotic or computer-assisted minimally invasive surgery. On the other hand, high adoption of such surgeries in medical centers and other facilities is prognosticated to create a whole lot of opportunities in the market.

The information presented in this review is based on a TMR report, titled “Surgical Staplers Market (Product – Disposable and Reusable; Application – General Surgery, Colorectal, Gynecology, and Urology; Technology – Manual Devices and Powered Devices; Ergonomics – Curved and Linear; End Use – Hospitals and Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

posted Feb 11 by Rohini Chaudhari

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The global surgical staplers market is anticipated in a report by Transparency Market Research (TMR) to witness the highly consolidated nature of its vendor landscape. This could be because of the presence of a handful of large-scale private and public medical devices vendors. A few companies based in developed economies are expected to show their dominance over the market. Close to an 80.0% share of the market is held by Johnson & Johnson Services, Inc. and Covidien Plc. However, other prominent names of the market, viz. Grena Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd. could look too improve their presence in the industry.

TMR predicts the global surgical staplers market to rise at a 7.5% CAGR between 2018 and 2026 to be valued at a US$4.0 bn by the final forecast year. In 2017, the market gained a valuation of US$2.0 bn. Disposable surgical staplers could take the lead in the market among other products while securing an expected share of 78.0% by the end of 2026. Regionally, North America is foreseen to achieve a larger share of the market, considering its US$0.9 bn revenue earned in 2018.

Planning To Lay Down Future Strategy? Request Brochure Of Surgical Staplers Market

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=45381

Wide Use of Surgical Staplers in Minimally Invasive Surgeries to Swell Demand

Growing use of surgical staplers in minimally invasive procedures such as flexible endoscopic procedures, general surgeries, laparoscopic procedures, cosmetology procedures, and colorectal surgeries is foretold to push the growth of the market in the near future. Millions of such procedures were conducted in the U.S. in the recent past, according to Ethicon U.S., LLC. Interestingly, these procedures are going to increase in the coming years, as per the findings of the company. The demand for minimally invasive procedures could increase due to the rising awareness about their various advantages, including faster recovery, less pain, reduced risk of infection, and minimal complications.

Functional Failure of Surgical Staplers during Surgeries to Arrest Market Growth

Availability of alternatives to surgical staplers is envisioned to hamper the growth of the market. Another factor that could restrict market growth could be the functional failure of surgical staplers during surgeries. Issues associated with the functionality of surgical staplers such as separated suture lines, misfiring or firing failure, and failure in the formation of staples are projected to impede the growth in demand. Thousands of adverse events due to the use of surgical staplers have been reported in the last five years, according to the FDA.

To Obtain All-Inclusive Information On Forecast Analysis Of Surgical Staplers Market , Request A Discount

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=45381

Despite of all these negative factors affecting the rise of the global surgical staplers market, there could be favorable prospects birthing on the back of the growing trend of robotic or computer-assisted minimally invasive surgery. On the other hand, high adoption of such surgeries in medical centers and other facilities is prognosticated to create a whole lot of opportunities in the market.

The information presented in this review is based on a TMR report, titled “Surgical Staplers Market (Product – Disposable and Reusable; Application – General Surgery, Colorectal, Gynecology, and Urology; Technology – Manual Devices and Powered Devices; Ergonomics – Curved and Linear; End Use – Hospitals and Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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Transparency Market Research reports the global electronic health records market to witness a remarkable growth in the coming years because of the fast growing digitalization. The market is very competitive with many players striving to get the dominant share in the market. The rise in funds for research and development activities in order to produce better results in terms of healthcare monitoring devices and especially electronic health records.

Major players of the global electronic health record market are Athenahealth, Inc., Medical Information Technology, LLC, Greenway Health, Allscripts Healthcare Solutions, Inc., 4medica, and McKesson Corporation. Vendors are also focusing and trying to increase the number of merger and acquisition strategies in order to increase their expansion and grab a better hold of the market share in the future.

As per the records of TMR, the global electronic health record market is presumed to be valued at US$38.29 bn by 2025, with a healthy CAGR of 5.70% within the forecast period of 2017 to 2025. As per the segmentation by installation, the global market for electronic health record is expected to be dominated by the web based electronic health records segment because of the internet and software being a service segment. This is expected to increase the growth rate of the market in the years to come.

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Geographically, the market is expected to be dominated by the Europe and Asia Pacific region because of the rising age old population and their growing need for healthcare monitoring. Apart from that, North America is seen to be having a stable growth rate because of the early adoption of new techniques and also early maturity of the market.

Records Make it Easier for Doctors to Keep Check on Patient’s Medical History, thus propelling market

The main factors for boosting the electronic health record market is the rise in geriatric population and the increasing number of chronic diseases which needs electronic health record in order to keep check on their personal health and accordingly take medications. Other factors to accelerate the growth of the market is the fast developing healthcare sector and the government support it is getting in order to improve the infrastructural and medical scenario of the world. Adding to this, keeping medical records has become very important both for the patient as well as for the doctor and hospital centers in order to keep tract of his health, whether there has been any improvement in the health of the patient. Records are even helpful in cases where senior doctors or specialists are consulted or when one medical case passes on from one geographical location to another.

Electronic health monitors and records also increases the adopting techniques of clinical trial management, clinical decision support system, and data mining along with other software solutions. The increase in preference and usage of these softwares also propel the market for electronic health record market in the years to come.

The use of electronic health records not only gives a better and in-detailed description of the patient’s health but also gives him a personal level satisfaction since his medical condition is not just limited to doctors but is also present in black and white so that he can rely on the computerized reports.

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Better Healthcare Standards to Boost Market in Long Run

Reduction in medical expenditure is also propelling the market for electronic health record in the long run. With cheaper treatment and examination rates, people from different status levels are also able to afford them and hence opting for these procedures. Adding to that, there is also rise in the standard of healthcare and medical facilities and personal medical care systems as well which is further estimated to fuel the electronics heath record market at a global level.

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The global market for allergy immunotherapy was initially valued at US$1.37 bn back in the year 2016. According to the research report published by Transparency Market Research, the global allergy immunotherapy market will exhibit an impressive CAGR of 10.7% for the projection period of 2017 to 2025. With this massive growth rate, market is expected to cross the valuation US$3.33 billion by the end of 2025. According to the research report, the growing prevalence of allergy diseases across the world and increasing awareness about the new treatment methods of allergies are some of the key reasons behind the growth of the global allergy immunotherapy market.

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Increased Funding for R&D Activities to Fuel Market Growth

There are some other important factors that are also helping to push the development of the global allergy immunotherapy market. One of the key driving factor for the market growth has been the recent rise in investments and funding to fuel clinical researches and other activities of research and development. In addition to this, recent launch of new therapies is also expected to help the development and wider spread of global allergy immunotherapy market.

Europe to Emerge as Leading Regional Market Segment

In terms of regional segment, there are five key regions that divide the global allergy immunotherapy market. These regions are North America, Asia Pacific, Middle East and Africa, Latin America, and Europe. Among these, the regional markets of Europe and North America are expected to contribute significantly for the overall development of the global allergy immunotherapy market. This development of these regional segment can be primarily attributed to the increasing user or patient base in the region that are suffering from different kinds of allergies, huge budgets for clinical research and development activities, introduction of new and innovative therapies, and growing awareness about treatment of allergy disorders.

In addition to this, governmental and non-governmental awareness campaigns raised in the countries of these regions is also expected to push the development of the allergy immunotherapy market in Europe and North America. Europe in particular, is expected to exhibit a CAGR of over 11.5% during this given forecast period of 2017 to 2025. Such factors are thus helping to drive the overall growth of the global allergy immunotherapy market.

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The competitive landscape of the global allergy immunotherapy market is a highly intense and fragmented. The fragmentation of the global market’s competitive landscape is due to the presence of several notable key players operating in the space. These leading companies in the global market are expected to focus on mergers, takeover, and strategic partnerships so as to keep ahead of the growing competition in the market. In addition to this, these companies are also expected to invest heavily in developing new products to cater to the unmet demands of the end-users. Some of the leading companies in the global allergy immunotherapy market include names such as HAL Allergy Group, Merck KGaA, Allergopharma, Allergy Therapeutics, ALK-Abello AS, and Stallergenes Greer among others.

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According to a new market report published by Transparency Market Research  titled Healthcare Facilities Management Market  – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global healthcare facility management market is expected to reach US$ 416,929.2 Mn by 2026, expanding at a CAGR of 8.8% from 2018 to 2026. North America held a prominent share of the global healthcare facility management market in2017.

Innovative technologies such as, IoT (Internet of Things) present lucrative opportunities for facility management service providers to offer better customer service in healthcare facilities. There is a huge potential to provide integrated facility management (IFM) business models, along with innovative technologies such as IoT in facility management services to the healthcare industry.

Development of innovative ICT technologies such as IoT, healthcare facility management software, and KPI (Key Performance Indices) matrix for measuring facility services is expected to increase the adoption of integrated facility management business models in the healthcare industry.

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Globally, there has been a rise in outsourcing of facility management services by the healthcare industry (hospitals, nursing homes, etc.) to third party professional facility management providers. This has augmented the demand for facility management services in the healthcare sector.

Outsourcing of facility management services by hospitals, nursing homes, etc. help them to reduce cost of operation and focus more on their core healthcare activities.

In Asia Pacific, rise in outsourcing of facility management services by the healthcare industry is boosting the growth of the healthcare facility management market.

Based on the type of service, the global healthcare facility management market is segmented into hard and soft services. Hard services can again be sub-segmented into various non-core healthcare services such as plumbing and air conditioning maintenance, fire protection systems, mechanical and electrical maintenance, and other hard services such as fabric maintenance. Similarly, soft services can be sub-segmented into cleaning and pest control, laundry, catering, security, waste management, and other soft services such as administrative services. Although the global market size of soft healthcare facility management services is expected be more than hard healthcare facility management services, nevertheless, hard services are anticipated to witness a higher growth rate than soft services during the forecast period.   

The market in Asia Pacific is expected to expand at a rapid CAGR as compared to other regions due to increasing trend by hospitals to outsource non-core medical services to professional facility management organizations. The healthcare facility management market in China is expected to be valued at US$ 28,549.2 Mn by 2026 and is expected to expand at a CAGR of 16.7% during the forecast period.

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IoT and other new ICT (Information and Communication Technology) are driving the present healthcare facility management market.

Healthcare facility management services which are non-core services of a healthcare facility have emerged as essential services in the quest to provide good in-patient care and efficient running of a healthcare facility. Healthcare facility management service providers are adopting advanced ICT to meet the rising expectations of healthcare organizations.

The healthcare facility management market is witnessing a shift in technology to improve facility monitoring, cost effectiveness, and efficiency. Adoption of new ICT such as IoT by facility management service providers is expected to enable healthcare facilities access real-time information through interconnected sensors that will help them to better manage their business. RTLS (Real Time Location System) for tracking of medical equipment, inventory management through low-cost Bluetooth Low Energy (BLE) technology, gathering in-patient data through wearable and sensors, and use of mobile technology to remotely access patient data are some of the IoT-enabled technologies and services that are adopted by facility management service providers. IoT is also expected to revolutionize the present healthcare BAS (Building Automation System).

Additionally, being highly fragmented, the health care facility management market comprises several small-sized companies. Established companies are focusing on expanding their service base with the help of mergers and acquisitions of small-sized and niche companies operating in the market. This helps established players not only in expansion but also in incorporation of new technologies adopted by niche companies.

Emerging markets such as Asia Pacific and Middle East & Africa offer new growth opportunities for health care facility management service providers. These regions are experiencing entry of small players in the market.

Company profiles of major players operating in the healthcare facility management market include overview of company, major business strategies, and key developments. The companies profiled in the global healthcare facility management market include ABM Industries Inc., Aramark Corporation, Compass Group plc, Ecolab, Inc., ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Manutencoop Facility Management S.p.A. (MFM), Medxcel Facility Management, Mitie Group plc, OCS Group, Secro Group plc, Sodexo, Vanguard Resources and UEM Edgenta Berhad.

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Blood Warmers Market: Introduction

  • Drop in the body core temperature to 36°C or lower is known as hypothermia. It occurs in 50%-90% of all operated patients. This temperature drop can be attributed to cold operating tables, lack of pre-warming, cold ambient temperatures, and use of anesthetic drugs as well as unheated blood products. Also, unheated infusion solutions and blood transfusions at approximately 4°C can reduce the body core temperature by approximately 0.25°C/unit.
  • Hypothermia can lead to sluggish wound healing and longer hospital stays. This hampers the hospital budget and increases the use of expensive drug treatment.
  • Blood warmers are applied to keep the patient’s body temperature at around 37°C before, during, and after surgery. These devices are intended to deliver peripheral warmth to the arterial piping, which helps keep the blood warm.

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Key Drivers and Restraints of Global Blood Warmers Market

  • The global blood warmers market is primarily driven by increase in the number of surgical procedures, rise in the number of suppliers of blood warmers, and high rate of adoption of portable blood warmers
  • Additionally, rise in geriatric population, increase in awareness about hypothermia, and focus on reducing the incidence of deaths caused by hypothermia are expected to fuel the global market during the forecast period
  • On the other hand, the market is likely to be restrained by product recalls in the near future. In June 2019, Vyaire Medical initiated a recall of enFlow disposable cartridges used with enFlow fluid warmer devices. The company recalled the product, as there was a risk of aluminum to be eluted from the warmer into the fluids, leading to exposure of patients to unsafe levels of aluminum.

Systems Segment to Account for a Major Share of Global Market

  • Based on product, the global blood warmers market can be classified into systems and accessories. The systems segment can be sub-divided into dry heat plate warmers and intravenous fluid tube warmers.
  • The systems segment is anticipated to dominate the global market during the forecast period, due to large patient population, increase in usage of blood warmers, and rise in the demand for blood warmer systems in blood banks

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Portable Devices Segment to Gain a Major Share of Global Market

  • Based on modality, the global blood warmers market can be classified into portable and stationary. The portable segment is projected to gain market share between 2019 and 2027, due to ease of use and convenience offered by portable devices and increasing preference for them over stationary devices.

Hospitals Segment to Offer Significant Opportunities

  • In terms of end-user, the global blood warmers market can be segmented into hospitals & clinics, ambulatory surgical centers, blood banks & transfusion centers, tissue banks, and home care
  • The hospitals segment is expected to account for a major share of the global blood warmers market by 2027. The segment is likely to be driven by increase in use of blood warmers in emergency units, inpatient rooms, and intensive care units of hospitals. Also, increase in the number of guidelines about use of blood warming devices and rise in the need to ensure patient safety are projected to promote growth of the segment during the forecast period.

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North America to Dominate Global Blood Warmers Market

  • In terms of region, the global blood warmers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global blood warmers market during the forecast period.
  • Technological advancements, presence of prominent market players, and increase in the demand for portable blood warmers are expected to drive the market in North America during the forecast period

Key Players Operating in Global Market

The global blood warmers market is highly fragmented, with a large number of domestic players accounting for a major market share. Key players operating in the global blood warmers market are:

  • 3M
  • Barkey
  • GENERAL ELECTRIC COMPANY
  • Smiths Medical
  • CELSIUS Medical
  • Geratherm Medical AG
  • Stihler Electronic GmbH
  • VYAIRE MEDICAL INC
  • Carefusion
  • Belmont Instrument, LLC
  • EMIT CORPORATION
  • Keewell Medical Technology Co., Ltd.
  • QinFlow Ltd
...