Categories
Medical Devices

Vascular Graft Market – Analysis, Trends And Forecasts, 2015 To 2022

The vascular graft market was worth about USD 1.9 billion in 2014. It is projected to reach around USD 3.6 billion by 2022. Cardiovascular diseases and technological advances in tissue engineered vascular grafts are its drivers. Rising healthcare costs and favorable insurance policies will also augment market growth.

Apart from the aforementioned diseases, the current lifestyle of junk food, alcohol & tobacco consumption, and substance abuse will boost the usage of vascular grafts from 2015 to 2022 (forecast phase). Genetic factors like diabetes would also increase their usage during the same phase. High EVAR (endovascular aneurysm repair) volumes are the key driver of the vascular graft market.

For Market Research Report on “Vascular Graft Market” Visit –http://www.grandviewresearch.com/industry-analysis/vascular-graft-market

The market products are coronary artery by-pass grafts, endovascular stent grafts, hemodialysis access, and peripheral vascular. Among these, endovascular stent grafts accounted for over 85% of the market in 2014. Factors attributing to their share are current lifestyles and minimal physical activities.

The vascular graft market is also segmented on the basis of applications. These include diabetes, aneurysm, kidney failures, vascular occlusion, and cardiovascular diseases. Cardiovascular diseases accounted for 25% shares in 2014. This was credited to the high prevalence of blood sugar, hypertension, and age-related illnesses. Cardiovascular diseases result directly from coronary artery diseases, diabetes, and obesity.

On the basis of raw materials, the vascular graft market is divided into polyurethane, polyester, polytetrafluoroethylene, and biological materials. Polyester had 38% share in the past. Biological materials are sub-divided into human saphenous & umbilical veins and tissue engineered materials. They are preferred more on account of reduced post surgery complications. Biological materials are expected to be the fastest growing raw material in the forecast phase.

The vascular graft market is also split on the basis of regions. These are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America accounted for 50% share in 2014. This was attributed to collaborations between research organizations & manufacturers and advanced healthcare infrastructure. Asia Pacific should be the fastest growing region, with about 10% CAGR in the seven years ahead.

Research facilities and favorable governmental initiatives like ‘Make in India’ targeting cardiovascular diseases will favor this region. Major players of the global vascular graft market comprise Medtronic Plc., Terumo Medical Corporation, Bard Peripheral Vascular Inc., Junken Medical Co. Ltd., and Cook Medical.

Vascular Graft Market

Information Source: Grand View Research

Categories
Healthcare

Neurostimulation Devices Market – Analytical Insights, Trends And Forecasts, 2014 To 2020

Neurostimulation technology includes the utilization of microelectrodes. These electrodes stimulate components of the nervous system. Neurostimulation technology makes use of a device to transport electrical signals to the nervous system at certain time periods. The device is referred to as a neurostimulation device. It has a size akin to that of a stop-watch and is battery-powered. The device is embedded in the brain via surgical means. It helps electrical signals to activate the concerned nerve.

For Market Research Report on “Neurostimulation Devices Market” Visit –http://www.grandviewresearch.com/industry-analysis/neurostimulation-devices-industry

Neurostimulation procedures assist in treating neuro-disorders and chronic pains. In conditions with chronic pain, these procedures don’t allow painful sensations to reach the brain. These sensations are blocked at the very site of the injured nerve. Rising brain disorders are steering the sales of the neurostimulation devices market around the globe. These devices are getting increasingly popular and gaining wide recognition with time. They are also helpful in treating Parkinson’s disease, nociceptive pain, depression, epilepsy and obsessive compulsive disorder.

Neuropathic pain happens as a result of nerve injury. Nociceptive pain is a consequence of cancer, diabetes and arthritis. When general drug therapies fail to treat the aforementioned conditions, neurostimulation devices come handy. Neurostimulation procedures are also considered as one of the last resorts for chronic neuro-disorders. The worldwide neurostimulation devices market is projected to experience considerable growth through the forecast phase.

Augmented consciousness with respect to brain disorders and boosting spendings in the research and development of advanced neurostimulation devices are estimated to propel the income of the neurostimulation devices market. Apart from these, the accelerated old population triggering the onset of neuro illnesses furthers the market. Conversely, optional therapies for neuro-disorders and side effects of neurostimulation technology limit the flow of the neurostimulation devices market and hinder its pace.

The worldwide market stood at around USD 5, 089 million in 2014. It is estimated to rise to around USD 10, 445 million by 2020. The neurostimulation devices market is set to record about 12.6 percent CAGR in the forecast phase.

Regions Insights

The North American neurostimulation devices market is expanding further. This is owing to the rising prevalence of Parkinson’s and Alzheimer’s diseases in the region. Additionally, various proposals by government and individual organizations for escalating consciousness regarding neurological disorders are also driving the region. Apart from these, significant investments in the research and development of neurostimulation technology are steering the regional neurostimulation devices market forward.

Europe is growing on account of increased governmental proposals for enhancing the medical facilities of the region. The growth is also driven by escalating aged population and rising neuro-disorders. The Asian Pacific neurostimulation devices market is expanding most swiftly. This is owing to the boosting population of old people and escalating awareness regarding neuro and psychiatric disorders in the region.

Categories Outlook

The neurostimulation devices market is divided on the basis of five categories. These are applications, devices, external devices, implantable devices and geographical regions. Surging demand for these devices across all the applications is also anticipated to drive the neurostimulation devices market ahea

Neurostimulation Devices Market

Information Source: Grand View Research

Categories
Semiconductors & Electronics

Smart Meters Market – Analysis, Trends And Forecasts, 2015 To 2022

Global smart meter shipments are projected to increase from 60 million units in 2012 to 165 million units in 2020. The market was valued at USD 11 billion in 2013. Total global revenues may cross USD 22 billion by 2020.

Higher global focus on conserving energy is prompting governments to encourage widespread installation of smart meters. Smart meters help consumers to regularly monitor power consumption and thus lower peak electricity demand. Promotion of green energy and efficient transmission of electricity indicate a promising outlook for the future.

For Market Research Report on “Smart Meters Market” Visit –http://www.grandviewresearch.com/industry-analysis/smart-meters-market

Electricity suppliers also benefit from these meters in multiple ways. Reaction time for resolving power outages and hardware faults is reduced. On-site visits and manual readings are not required. Convenient remote reading improves customer service. Growing awareness of the advantages offered by smart meters will aid market growth.

An important feature of smart meters is their ability to share real time information pertaining to usage and tariff rates. This benefit resonates across the value chain. However, lack of standardized technology and inconsistent regional deployment may inhibit market growth.

The global smart meters market can be segmented on the basis of applications and regions. Main application categories are commercial, residential and industrial. Commercial segment held more than 34% of the total market in 2013. It includes commercial establishments like residential lodges, offices, hotels, shopping complexes, etc. Electricity meters that offer high levels of flexibility and robustness are a prerequisite for this segment.

Residential applications encompass suburban and urban apartments, standalone autonomous bungalows. They accounted for 61.9 million smart meter units in 2013. Installations could grow at a CAGR of 9.9% from 2014 to 2020. This segment will lead the market in terms of volume over the next six years.

Regional wise, there are four segments viz. Europe, North America, Asia Pacific and Rest of the World (RoW). North America and Europe will witness sound growth driven by supportive administrative policies and regulations. In fact, Europe would attain the fastest growth (CAGR of 9.5% from 2014 to 2020) in terms of revenues.

Asia Pacific, which accounted for 49% of the global volumes in 2012, will dominate in terms of volumes. China, which plans to implement smart grids for sustainable energy management, will be a key contributor to this dominance.

Eminent market participants include Echelon Corporation, Sensus USA Inc., Itron Inc., and Landis+Gyr. Mergers, acquisitions, vertical integration are the favored growth strategies.

Smart Meters Market

Information Source: Grand View Research

Categories
Medical Devices

U.S. Medical Device Outsourcing Market – Analysis, Trends And Forecasts, 2015 To 2022

The U.S. medical device outsourcing market generated around USD 13.3 billion in 2014. The major market driver is demand for healthcare instruments & cost control. Additionally, connected advantages like decreased production costs and concentration on core proficiencies are predicted to boost the market in the forecast period (2015 to 2022).

The geriatric populace is susceptible to chronic illnesses and also drives the market. Complications in product manufacturing and growing small-sized manufacturers provide future prospects to this market. However, the market faces hindrances from drastic reductions in U.S. public investments.

For Market Research Report on “U.S. Medical Device Outsourcing Market” Visit –http://www.grandviewresearch.com/industry-analysis/us-medical-device-outsourcing-market

Moreover, productivity pressure, escalating costs & competition, and higher market penetration have impacted the U.S. medical device outsourcing market. Wide prevalence of traumatic wounds, cardiac illnesses, and cancers enhance the demand for surgical practices. This causes growth in surgical equipment and propels market incomes.

The market is bifurcated into applications and services. Class II, class III, and class I are the application segments. Class II devices captured around 48% shares in 2014. They should notice the fastest expansion (at about 9.8% CAGR) in the coming seven years. These equipment decrease the dangers of death & injuries.

Class II devices include surgical drapes, powered wheelchairs, infusion pumps, and others. Easier technologies in comparison to class III devices turn class II devices into the most outsourced. In regards to services, the U.S. medical device outsourcing market was led by product development & design in 2014. This segment held more than 25 % shares that year.

It is the most capital extensive industrialized segment and will experience maximum outsourcing rates. Regulatory services occupied the second biggest share in 2014. They are highly popular and broadly recognized. Product implementation services are anticipated to grow lucratively (at more than 11 % CAGR) during the forecast period.

Use of process overlapping as a beneficial alternative and synchronized product design implementations are the reasons for their fast growth. Some key players in the U.S. medical device outsourcing market comprise Accellent Inc., Kinetics Climax, Avail Medical Products Inc., Active Implants Corporation LLC, and Teleflex Medical OEM.

They offer cost-effective equipment & services to recipient establishments. The players also indulge in mergers and acquisitions for market penetration.

U.S. Medical Device Outsourcing Market

Information Source: Grand View Research

Categories
Next Generation Technologies

Printed And Chipless RFID Market – Analysis, Trends And Forecasts, 2015 To 2022

Revenues of the printed and chipless RFID market will increase from about USD 2.1 billion in 2014 to around USD 15.2 billion by 2022. Market demand is driven by the need for inventory management & supply chain visibility. Falling tag costs also prove beneficial.

Printed and chipless RFID (radio frequency identification) technology has many users. One of them is public transit.  Public transit systems benefit from better functionality and lower costs of this technology. Major transport systems utilizing RFID are Octopus Card in China, Ventra in the United States, Oyster Card in the U.K., T-Monet in Seoul, and Saint Petersburg City Card in Russia.

For Market Research Report on “Printed And Chipless RFID Market” Visit –http://www.grandviewresearch.com/industry-analysis/chipless-rfid-radio-frequency-identification-market

Technological developments simplify the manufacture and reduce the production time of printed and chipless RFID products. This leads to higher adoption of the products. Chipless RFID also facilitates anti-counterfeiting and asset tracking, thus discouraging thefts in retails.

High unit prices of chip-based tags in the pharmaceuticals industry drive the switch to chipless tags. Electronic transactions and governmental initiatives like e-passports fuel market sales. However, this technology’s proper implementation demands huge investments, which can discourage its growth. Demand could rise when implementation costs lower due to technological developments and more competition.

The printed and chipless RFID market is split on the basis of applications and regions. Application segments are aviation, retail, transport & logistics, and healthcare. Transport & logistics accounted for more than 29% revenues in 2014. It is estimated to rise at around 26% CAGR during 2015 to 2022 (forecast period). This would be triggered by the booming public transit industry.

Contact and contactless RFID smart cards enhance operational efficiencies and reduce travel time. Retail occupied about 26% of the market in 2014. Main applications in retails encompass supply chain management, shrinkage loss reduction, and stock tracking.

Regions wise, the printed and chipless RFID market comprises Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. North America held 36% shares in 2014. Asia Pacific is projected to expand at a CAGR of 30% over the next seven years. Huge opportunities in China and India should contribute to the same.

Leading participants of the worldwide printed and chipless RFID market include Zebra Technologies, IBM Corporation, Alien Technology Corporation, and Siemens AG. The market is highly competitive. Its success factors comprise product developments, warranty coverage, and customer relationship management, among others.

Printed And Chipless RFID Market

Information Source: Grand View Research