Cartilage Repair Market - Global Industry Size, Trends and Growth, 2023

The global cartilage repair market is witnessing considerable growth due to increasing geriatric population, increasing obesity, increasing healthcare expenditure, and growing sports related injuries. Moreover, increase in innovative product launches and growth of medical tourism leading to awareness about the cartilage treatment modalities across the globe is supporting the growth of the market. Based on the treatment modalities, cell-based approaches segment is expected to grow at the fastest rate during the forecast period, due to long term results of this treatment.

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The rapid growth in emerging economies and technological advancement in cartilage repair and regeneration products is expected to create opportunities for the manufacturers of cartilage repair products across the globe. However, the high cost of these products and lack of reimbursement for these treatments are the key factors hampering the growth of the global market.

Obesity is a serious health concern in the U.S. The increasing prevalence of obesity is driving the growth of the cartilage repair market in the U.S. According to CDC, during 2011-2012, 35.1% of adult aged 20 years or above were obese. In addition, as published by the Organization for Economic Cooperation and Development (OECD) in the year 2014, the obesity rate in Germany increased from 11.5% in 1999 to 14.7% in 2009. This increase in obesity rate leads to increase in demand for liposuction procedures, which is further accelerating the market growth.

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The key players operating in the global cartilage repair market are Zimmer Biomet Holdings, Inc., Johnson & Johnson, Vericel Corporation, Smith & Nephew PLC, Osiris Therapeutics, Inc., RTI Surgical, Conmed Linvatec, B. Braun Melsungen AG, Anika Therapeutics S. R. L.  and Arthrex, Inc.

Cold Pain Therapy Market - Global Industry Trends and Forecast to 2023

The global cold pain therapy market is witnessing considerable growth due to increasing geriatric population, increasing healthcare expenditure and growing awareness about cold pain therapy products. Moreover, increase in innovative product launches, increase in road accidents and sport related injuries across the globe is supporting the growth of the market. Based on product, the OTC based product segment lead the global cold pain therapy market owing to its easy availability over the counter, without any doctor prescription and ease of use. The popularity of cold pain therapy products is due to presence of several pain relief products in market. These products include creams, gels, ointments, sprays, cold packs, rolls, cooling towels, motorized and non-motorized devices. Based on application, the musculoskeletal disorders segment lead the global market due to increasing cases of arthritis, osteoarthritis, joint pain and back pain across the globe.

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The rapid growth in emerging economies and technological advancement in development of more effective products is expected to create further growth opportunities for the manufacturers of cold pain therapy products. However, high cost of prescription based products, lack of reimbursement and health hazards associated with the usage of cold therapy products are the key factors hampering the growth of the global market. 

Geographically, North America has been the largest market for cold pain therapy, owing to increased awareness, and easy accessibility to advanced technologies including motorized and non-motorized devices. Moreover, increasing incidence of musculoskeletal conditions drives the market growth in the region. The U.S. contributed largest revenue to the North American as well as global cold pain therapy market. The presence of large pool of patients with back pain, muscular pain and arthritis is the key driving factor of the U.S. cold pain therapy market.

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The key players operating in the global cold pain therapy market are Johnson & Johnson, Sanofi, 3M Company, Hisamitsu Pharmaceutical Co., Inc., Rohto Pharmaceutical Co., Ltd., Medline Industries, Inc., Beiersdorf AG, Breg, Inc., Össur HF and DJO Finance LLC.

Urinalysis Market Analysis, Size, Growth and Demand, 2023

The global urinalysis market is witnessing considerable growth due to increasing prevalence of diabetes, increasing geriatric population, increasing prevalence of kidney diseases and growing urinary tract infections (UTI). Moreover, increasing healthcare expenditure increases the affordability of patients leading to the increased sales of urinalysis products, supporting the growth of the market. Based on product, the consumables segment is expected to grow at a faster rate during the forecast period, compared to instrument segment. The increasing adoption of dipsticks across the globe owing to their ease of use, cheaper price and easy availability over the counter (OTC) is driving the growth of this segment.

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The rapid growth in emerging economies and technological development in the in vitro diagnostics industry with the advent of portable and battery operated urinalysis device is expected to create revenue generation opportunities for the manufacturers of urinalysis products. However, high cost of urinalysis equipment and stringent regulatory requirements are the key factors hampering the growth of the global market.

Increase in diabetic cases leads to increased sales of urinalysis dipsticks, disposables and devices across the globe. For instance, according to the World Health Organization (WHO) the global diabetes prevalence has increased from 4.7% to 8.5% from 1980 to 2014, respectively. As per International Diabetes Federation (IDF), Western Pacific (WP) region consists of maximum diabetes cases; its prevalence was 138 million cases in 2014, which is expected to reach 202 million in 2035. Similarly, according to IDF, the prevalence of diabetes in South-East Asia (SEA) is expected to increase from 75 million in 2014 to 123 million in 2035.

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The key players operating in the global urinalysis market are F. Hoffmann-LA Roche AG, Danaher Corporation, Siemens AG, Sysmex Corporation, Bio-Rad Laboratories, Inc., Mindray Medical International Limited, Acon Laboratories, Inc., Arkray, Inc. and Urit Medical Electronic Group Co., Ltd.

Uterine Fibroid Treatment Market - Global Industry Analysis, Size, Growth and Demand, 2023

The global uterine fibroid treatment market is witnessing considerable growth due to increasing female geriatric population, increasing healthcare expenditure, increasing prevalence of obesity, launch of technologically advanced fibroid treatment products and growing popularity of minimally invasive treatments   minimally invasive treatments. Moreover, growing prevalence of hormonal disorders or hormonal imbalance leading to fibroid formation is supporting the growth of the market. The increasing adoption of uterine fibroid treatment across the globe, owing to increasing incidence of cancer is also driving the growth of the market.

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The rapid growth in emerging economies and technological advancement in fibroid treatment with presence of minimally invasive treatment options is expected to create opportunities for the manufacturers of uterine fibroid treatment products. However, high cost of uterine fibroid treatment and presence of alternative treatment options are the key factors hampering the growth of the global market.

The increasing female aging population is propelling the growth of the global uterine fibroid treatment market. As reported by UN DESA (United Nation Department of Economic and Social Affairs) in the year 2013, the elder population is predominantly female. As women tend to live longer than men, while older women have outnumbered older men almost everywhere in the world. It further reported that in the year 2013, globally there were 85 men per 100 women in the age group 60 years or plus; and 61 men per 100 women in the age group 80 years or plus. The elderly population is more susceptible to gynecological problems, such as abnormal uterine bleeding, hormonal imbalance, and irregular menstrual cycle as compared to adults, which is fueling the demand of the global fibroid treatment market.

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The key players operating in the global market are Boston Scientific Corporation, CooperSurgical, Inc., Karl Storz, Halt Medical, Inc., Merit Medical Systems, LiNA Medical USA, Olympus Corporation, and Richard Wolf GmbH.

Blood Processing Devices and Consumables Market Analysis, Size, Growth and Future Scope

Increasing infections and related diseases due to blood transfusion and blood donation are some of the major concerns in healthcare arena. Infectious diseases through blood transfusions occur due to the presence of microorganism, such as bacteria, virus and others parasites, in blood of donors which reach to receivers and infect their blood. Hepatitis and Acquired Immunodeficiency Syndrome (AIDS) are some of the major infectious diseases which pose great challenge to healthcare providers for the prevention and treatment of these diseases. To overcome this problem, various blood processing devices and blood processing consumables are used to prevent infection in blood transfusion and blood donation procedures. Blood processing devices are used in cell processing, blood refrigeration and centrifugation of blood cells. Blood processing consumables are used in collection of blood and grouping by various reagents.

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North America dominates the global blood processingdevices and consumables market followed by Europe. This is due to increased awareness, developed economies and increased government support in the region. In addition, high disposable incomes and favorable reimbursement policies are also supporting in the growth of blood processing devices and consumables market in the region. The U.S., followed by Canada, is the largest market for blood processing devices and consumables in North America. Germany, France and the U.K. are some of the largest markets for blood processing devices and consumables market in Europe. However, Asia-Pacific represents the fastest growing region in the global blood processing devices and consumables market. This is due to increasing awareness and rising demand of blood and blood components for blood transfusion in the region. In addition, raising population and various government initiatives are also supporting the growth of blood processing devices and consumables market in Asia. Government initiatives and campaigns in countries, such as India and China, are trying to educate people about safe blood donations and transfusions procedures. This would develop opportunity for blood processing devices and consumable market in Asia.

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Some of the major competitors in the market include Abbott Laboratories, Biomerieux SA, Becton, Dickinson And Company, Bio-Rad Laboratories, Danaher Corporation, Grifols International, Thermogenesis Corporation, Terumo Corporation, Roche Holdings AG, Macopharma SA, Immucor, Inc. and Haemonetics Corporation.

Wound Closure Products Market - Global Industry Analysis, Size, Growth and Future Scope

The wound closure products market is growing due to increasing geriatric population, increase in volume of surgeries and growing road accident cases across the globe.

Among the different type of wound closure products, the hemostats segment is expected to witness the fastest growth during the forecast period. Among the various applications, the cardiovascular segment accounted for the largest share in the global market in 2015, and it is expected to witness 6.9% CAGR during 2016 – 2022.

In 2015, North America held the largest share in the global wound closure market whereas, Asia-Pacific market is expected to witness fastest growth, with a CAGR of 7.0% during the period 2016– 2022.

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Wound closure products are designed to join the exposed edges of a wound together, which helps in faster healing of wound. The main purpose of using these products is to prevent blood loss, reduce recovery time and prevention from infectious agents. The various types of wound closure products include sutures, hemostats, surgical staples, adhesive and tissue sealants, and wound closure strips. They are commonly used for the treatment of injuries, lacerations, during and after surgical procedures, and to treat wounds, burn cases and ulcers in humans.

Absorbable wound closure products are assimilated by the body and non-absorbable wound closure products are removed after utilization. Absorbable wound closure products also reduce the scaring of tissue produced during the healing process. Various synthetic materials, such as nylon, prolene, medical grade steel, polyester, chromium and titanium alloys are used for their manufacturing. In addition, biomaterial, such as fibrin, collagen, gelatin and thrombin are also used for manufacturing of wound closure products.

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Some of the key companies operating in the global wound closure products market include 3M Company, Medtronic plc, Smith and Nephew plc, CryoLife Inc., DeRoyal Industries Inc., Pfizer Inc., Derma Sciences Inc., Johnson and Johnson, B. Braun Melsungen AG and Baxter International Inc.

Orthopedic Devices Industry - Analysis, Size, Share and Future Scope

Orthopedics is a branch of medicine that is concerned with the prevention of disorders, deformities or injuries of the skeleton and associated structures such as tendons and ligaments. Orthopedic devices are used to implant and restore the skeletal structure and joint movement after the disorders such as fractures, abnormal growth of bones, soft tissue damage and other deformities. Orthopedic devices had been used effectively in reducing pain, restoring mobility and improving quality of life of the consumers across the globe. Before implanting an orthopedic device into patient’s body, doctors check x-ray and scan report of patient to diagnose the disorders. Doctors implant orthopedic devices that are well suited for the patient’s body, as most of the devices have to remain in the body for the remaining life of patient.

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In orthopedic devices, generally metal alloys are used due to their properties such as rigidity, fracture toughness, corrosion resistance, long fatigue life, stiffness, and biocompatibility. Whereas, polymers are used as articulating surfaces of joint replacements and as a cementing material between implant surfaces and bone. Polyether ether ketone (PEEK) implants are generally used for spinal implants as it has advantages such as high mechanical strength.

The various devise types available in the global orthopedic devices market are joint reconstruction, orthobiologics, trauma fixation devices, spinal devices, orthopedic accessories, orthopedic braces, and arthroscopic devices.

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North America dominates the global orthopedic devices market, attributed to high per capita expenditure on the healthcare services in the region. Asia-Pacific is the fastest growing market for orthopedic devices owing to the large population, increasing incidence of lifestyle diseases and development of modern healthcare service industry in the region.

Some of the major companies operating in the orthopedic devices market are Zimmer Holdings Inc., Medtronic Inc., Wright Medical Technology Inc., Orthofix Holdings Inc., NuVasive Inc., TriMed Inc., Stryker Corporation, Smith & Nephew PLC, Small Bone Innovations Inc., Solana Surgical LLC, DePuy Synthes Inc. Integra LifeSciences, Aesculap, Inc., and ArthroCare Corporation.