Orthopedic Trauma Devices Market Drivers, Restraints, Opportunities and Challenges

The global orthopedic trauma devices market is growing due to the increasing frequency of fractures, along with the growth of aging population. The advantageous features posed by orthopedic trauma devices, such as internal and external fixators to set a fracture, and in repositioning of bone fragments into their normal alignment are also driving the growth of the market worldwide. Furthermore, the internal fixators have reduced the hospital stays, reduced the incidence of improper healing and improper positioning of the broken bones. These fixators are durable, as they are made up of stainless steel and titanium. Plates are like internal splints that hold the broken piece of bones together and are attached to the bone with the help of screws.

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Screws are used for internal fixation of fracture. Screws can be used alone, or along with rods and plates. In case of fractures of the long bones, the bone pieces are held together by the insertion of a rod or a nail through the hollow center of the bone. The screws at each end of the rod hold the rod in place, until the fracture gets healed. An external fixator acts as a stabilizing frame to hold the broken bones in proper position. External fixation is used as a temporary treatment for fractures, as they can be applied easily and doesn’t require longer surgery to fix the fracture. The increase in number of collaborations and partnerships among the companies manufacturing orthopedic trauma devices and shifting of internal fixators from metallic to non-metallic, bio- absorbable material are the major trends witnessed in the market. 

Geographically, North America holds the major share in the global market for orthopedic trauma devices driven by the growth of aging population. In addition, the increasing healthcare expenditure and growth of sports injuries, is further leading to growth of the market in the region. Asia is expected to grow with a higher rate; while Japan, China, and India are expected to be the fastest growing markets in the region. The key growth driving factors for the market in developing countries are increasing road accidents, growing sports injuries, and increasing aging population.

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Some of the major companies operating in the global orthopedic trauma devices market are Zimmer Holding Inc., DePuy Synthes, Stryker Corporation, Orthofix Holding Inc., and Smith & Nephew.

Bathroom and Toilet Assist Devices Market - Analysis, Drivers, Trends, Challenges and Forecast, 2023

The global bathroom and toilet assistdevices market has been experiencing significant surge, due to the large pool of patient, increasing acceptance of advance and innovative technology, increasing awareness about assistive devices, and growing geriatric population due to increasing life expectancy. Based on product type, the global bathroom and toilet assist devices markets has been classified into bath aids, bath lifts, chairs and stools, commodes, handgrips and grab bars, and toilet seat raisers.

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The commode segment accounted for the largest share among the various product types in the global market, owing to its ease of use. Also, due to the growing aging population, an increase in demand for advanced shower chairs and stools, and toilet seat raisers has been witnessed in the global market. However, the high cost of bathroom and toilet assist devices would hamper the growth of the global market. The high growth prospective of developing economies, and various acquisitions taking place in the bathroom & toilet assist devices market will open further opportunities in the global market during the coming years.

The regional segmentation of the global market includes North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America held the largest share in the global bathroom and toilet assist devices market, due to the growing adoption of technologically advanced devices in the region, as compared to the other regions; availability of products with high quality and reliability; affordable prices; growing disabled population; continuous product enhancement; and high incidences of lifestyle diseases among the aging population. The region would continue to lead the global market during the forecast period. Europe accounted for the second largest share in the global market, owing to increasing incidence of lifestyle associated diseases.

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The major players operating in the global bathroom and toilet assist devices market include, GF Health Products Inc., ArjoHuntleigh, K Care Healthcare Equipment, Etac AB, MEYRA GmbH, Medical Depot Inc. (Drive Medical), Prism Medical, Handicare, Invacare Corporation, Spectra Care Group, Ortho XXI, and others.

Medical Claims Management Solutions Market - Trends, Analysis, Size and Growth, 2023

A medical claim is a detailed invoice that a health care provider sends to the health insurer, exactly showing the services that have been rendered by the providers to the patient. Medical claims management involves multiple administrative and customer service layers that include review, investigation, adjustment, remittance or denial of a claim. Improved focus on quality healthcare services and adoption of cloud technology related services are contributing to the growth of the medical claims management solutions market. Medical claims management solutions generally aim at attaining complete automation of processing of claims, faster access to customer information without negotiating on the security of private medical information. However, insurance claim payers and providers need to be convinced about the need for these solutions and also the benefits of investing in them despite their sizeable cost. Automation helps in reducing costs associated with processing of claims, utilizing a single platform for all data sources, workflows for routing claims for review and approval processes, increasing the uniformity of payments, and timely payment of claims. According to the National Health Insurer Report Card published in 2011 by American Medical Association (AMA), around $17 billion a year (on an average) could be saved by eliminating errors in claims. Automation reduces the paper storage and document retrieval costs while complying with regulatory standards such as Health Insurance Portability and Accountability Act (HIPAA). Health insurance payers invest in their claims management systems to gain interoperability and faster release of new insurance claims, in addition to, improving efficiency of claims processing.

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The increasing investment in the healthcare infrastructure and services in Asia-Pacific offers huge market potential for the players to grow in medical claims management solutions market. Countries such as India and China are the two rapidly growing economies in the Asia-Pacific region, followed by South Korea. The government in these countries are putting in several efforts to provide better healthcare services and improved healthcare infrastructure. Healthcare IT related services bridge the gap between healthcare entities by lowering down the manual errors and also reducing healthcare expenditure. However, the healthcare IT industry in India is at its nascent stage. Thus, heavy inflow of investments by various government agencies to improve healthcare IT infrastructure in emerging markets is expected to create opportunities for healthcare claims management solutions providers.

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The major players in the medical claims management solutions market include IBM Corporation, Cerner Corporation, Oracle Corporation, Avaya Inc., Genpact Limited, Cognizant Technology Solutions Corporation, Accenture PLC, Allscripts Healthcare Solutions, Inc., Athenahealth Inc., Aspect Software Inc., and Infor Inc.

Sterilization Equipment and Disinfectants Market - Research Report, Size, Forecast to 2023

The global sterilization equipment and disinfectants market is growing significantly due to technological advancement such as innovation of E-beam and gamma beam in the industry. Sterilization equipment and disinfectants are elemental procedures used to eliminate or control various infectious agents, such as virus and bacteria. The increasing use of these in hospitals, clinics, and laboratories, to reduce the hospital acquired infection, support the growth of the sterilization equipment and disinfectants market.

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Massive unexplored market of sterilization equipment and disinfectants in developing economies are creating ample opportunities for the sterilization equipment and disinfectants market to grow at a considerable rate in the coming years. The advanced R&D facilities and new product developments by the companies are further supporting the growth of sterilization equipment and disinfectants industry.

The sterilization equipment and disinfectants market is categorized on the basis of type of disinfectants as oxidizing and non-oxidizing disinfectants, and low, intermediate, and high level disinfectants. Moreover, on the basis of application, the sterilization equipment and disinfectants market can be categorized as life sciences, medical devices, and pharmaceutical.

Geographically, North America will be leading the global sterilization equipment and disinfectants market in the coming years due to rise in aging population, and increasing demand of non-disposable surgical instruments, such as endoscopy devices and forceps. Moreover, Asia-Pacific is the fastest growing region in the global sterilization equipment and disinfectants market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, increasing prevalence of infectious diseases, and large pool of patients in the region. Moreover, the sterilization equipment and disinfectants market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.

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Some of the companies operating in the sterilization equipment and disinfectants market are 3M, Cantel Medical Corporation, Belimed AG, TSO3 Inc., Getinge Group, CISA Group, Advanced Sterilization Products Services Inc., Synergy Health Plc, STERIS Corporation, Kimberley-Clark Corporation, Nordion Inc., and Sakura SI Co.Ltd.

Nuclear Medicine (Radiopharmaceuticals) Market - Research Report, Size, Forecast to 2023

The global nuclear medicine/radiopharmaceuticals market is growing significantly due to increasing prevalence of cancer and cardiovascular diseases, and advances in nuclear medicine imaging procedures. High demand of nuclear medicines in emerging economies and potential radiopharmaceuticals in the pipeline create ample opportunities for the nuclear medicine market to grow at a considerable rate in the coming years. The advances in neurological applications and development of new products by the companies are supporting to address the demand for cost effectiveness of radiopharmaceuticals. Nuclear medicine imaging procedures are non-invasive and can be used for the treatment of several diseases, such as cancers, cardiovascular diseases, and neurological disorders.

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The nuclear medicine/radiopharmaceuticals market is segmented on the basis of type, application, and region. On the basis of type, the nuclear medicine/radiopharmaceuticals market can be segmented as diagnostics and therapeutics. The diagnostics segment leads the nuclear medicine/radiopharmaceuticals market. The diagnostics segment can be further categorized into single-photon emission computed tomography (SPECT) and positron emission tomography (PET). SPECT segment will be leading the nuclear medicine/radiopharmaceutical diagnostics market in the coming years due to its wider availability and less cost. The therapeutics segment can be further categorized into beta emitters, alpha emitters, and brachytherapy isotopes. The beta emitters will be the leading segment in the global nuclear medicine/radiopharmaceutical therapeutics market.

Geographically, North America will be leading the global nuclear medicine/radiopharmaceuticals market in the coming years due to increasing prevalence of cancer, ready availability of radiopharmaceuticals, popularity of nuclear medicine among physicians, and technological advancements. Asia-Pacific is the fastest growing region in the global nuclear medicine/radiopharmaceuticals market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, and rising awareness of radiopharmaceuticals among healthcare providers. Moreover, Japan will be leading the nuclear medicine/radiopharmaceuticals market in Asia-Pacific region in the coming years.

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Some of the major players operating in the global nuclear medicine/radiopharmaceuticals market are GE Healthcare, Bayer Healthcare, Cardinal Health Inc., Eczacibasi-Monrol Nuclear Products, Bracco Imaging S.p.A, Nordion Inc., Lantheus Medical Imaging Inc., Advanced Accelerator Applications S.A, Mallinckrodt plc, and IBA Molecular Imaging.