Compression Therapy Devices Market Outlook (2023-2033) | Molnlycke Health Care AB, 3M, Arjo, Brownmed, Inc.

Compression therapy devices are medical devices used to apply pressure to the legs or other parts of the body to improve circulation and reduce swelling. These devices include compression stockings, compression pumps, and compression sleeves. The market for compression therapy devices is expected to grow in the coming years due to an increase in the aging population, a rise in chronic diseases such as diabetes and obesity, and a growing awareness of the benefits of compression therapy. Factors that may hinder the growth of the market include a lack of reimbursement for these devices and the high cost of some of the devices.

Worldwide revenue from the compression therapy devices market stands at US$ 3.1 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 5.2% to reach a valuation of US$ 5.4 Bn by the end of 2033.

Compression Therapy Devices Market Size (2022) US$ 3.1 Bn
Projected Market Value (2033) US$ 5.4 Bn
Global Market Growth Rate (2023-2033) 5.2% CAGR
Market Share of Top 5 Countries 53.5%

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One of the key drivers of the compression therapy devices market is the increasing prevalence of chronic conditions such as diabetes and obesity, which can lead to circulation problems and an increased risk of DVT. As the number of people affected by these conditions continues to rise, there is a growing demand for compression therapy devices.

Another important factor driving the growth of the compression therapy devices market is the growing awareness about the benefits of compression therapy. Compression therapy is non-invasive, relatively inexpensive, and can be performed at home, making it an attractive option for many patients.

Companies

  • Mölnlycke Health Care AB
  • 3M
  • Arjo (Huntleigh Healthcare Limited)
  • Brownmed, Inc.
  • Essity Aktiebolag (publ) (BSN Medical Inc.,)
  • Cardinal Health.
  • Daesung Maref Co., Ltd
  • AIROS Medical, Inc. (Devon Medical Products)
  • Enovis (DJO Global, Inc)
  • FlowAid Medical Technologices

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The market is segmented by product, applications and end-users. The product segment includes compression stockings, compression bandages, compression pumps and others. Applications are segmented into venous insufficiency, lymphedema, and deep vein thrombosis. End-users are segmented into hospitals, homecare, and others.

The compression therapy devices market is also characterized by the presence of several major players, such as Medtronic, SIGVARIS, BSN medical, and DJO Global. These companies offer a wide range of compression therapy devices, including compression stockings, compression bandages, and compression pumps.

In conclusion, the compression therapy devices market is expected to continue to grow in the coming years, driven by increasing prevalence of chronic conditions such as diabetes and obesity, and growing awareness about the benefits of compression therapy. This type of therapy is non-invasive, relatively inexpensive and can be performed at home, making it an attractive option for many patients. As the market is becoming more competitive, the companies are focusing on innovation, development and expansion of their product portfolio to cater to the needs of the end-users.

Competition Landscape

The overall market for compression therapy products is highly fragmented, with several competitors producing compression therapy products. To promote their products, key players such as Molnlycke Health Care AB and 3M Company are expanding their business into untapped markets and acquiring smaller companies. Other companies are following in their footsteps to do mergers and acquisitions, partnerships and collaborations, and new product launches in order to meet consumer demand and grow their customer base.

The following are some key development strategies employed by industry participants in the Compression Therapy Market:

  • 3M Company signed a three-year collaboration agreement with Wrapmate in May 2021.
  • On November 9, 2018, Brownmed announced the release of Spark Kinetic Sleeves, which combine compression and kinesiology to help improve circulation, performance, and support in a variety of daily activities.
  • In May 2020, the Arm Plus garments were released by AIROS Medical, Inc. and received FDA 510(k) clearance. Arm, shoulder, chest, and back lymphedema are treated with this garment.

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Key Segments Covered in Compression Therapy Devices Industry Research

Product:

  • Pneumatic Compression Therapy
  • Static Compression Therapy
    • Anti embolism/Compression Stockings
    • Compression Bandages
    • Compression Garments
      • Lower Compression Garments
      • Upper Compression Garments

Compression Class:

  • 18-21 mmHg
  • 23-32 mmHg
  • 34-49 mmHg
  • more than 50 mmHg

Distribution Channel

  • Institutional Sales
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
    • Nursing Facilities
  • Retail Sales
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Sales
    • Specialized Orthopedic Stores

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Smart Inhalers Market is estimated to expand at a CAGR of 10.2% to reach US$ 235.7 Mn by the end of 2033 | OPKO Health, Inc, AstraZeneca plc, GlaxoSmithKline Plc.

The smart inhaler market refers to the market for inhalers that are equipped with technology such as sensors, Bluetooth, and mobile apps to monitor and track medication use, as well as provide reminders and data for healthcare professionals. This technology is designed to improve medication adherence and can also be used to monitor the health status of patients with chronic respiratory conditions such as asthma and COPD. The market is expected to grow in the coming years as the prevalence of chronic respiratory diseases increases and technology becomes more widely adopted in healthcare. However, it is also important to note that while smart inhalers can improve medication adherence, they are still a relatively new technology and their long-term effectiveness needs to be further studied.

Worldwide revenue from the smart inhalers market stands at US$ 80.5 Mn in 2022, with the global market estimated to expand at a CAGR of 10.2% to reach US$ 235.7 Mn by the end of 2033.

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One of the key drivers of the smart inhalers market is the increasing prevalence of respiratory conditions such as asthma and COPD. With more people suffering from these conditions, there is a growing need for innovative solutions to help patients manage their medication regimen and improve adherence.

Another important factor driving the growth of the smart inhalers market is the increasing use of technology in healthcare. Smart inhalers use sensors, software, and connectivity to provide real-time feedback on medication usage, which can help patients and healthcare providers monitor medication usage and adjust treatment plans as needed.

Companies

  • OPKO Health, Inc
  • AstraZeneca plc
  • GlaxoSmithKline Plc.
  • Propeller Health
  • Aptar Pharma
  • Adherium Limited
  • Novartis AG
  • Boehringer Ingelheim
  • Teva Pharmaceutical Industries Ltd

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The market is segmented by product, applications and end-users. The product segment includes sensor-enabled inhalers, digital inhalers, and connected inhalers. Applications are segmented into asthma, COPD and others. End-users are segmented into hospitals, homecare and others

The smart inhalers market is also characterized by the presence of several major players, such as GlaxoSmithKline, Propeller Health, AstraZeneca, and Teva Pharmaceuticals. These companies offer a wide range of smart inhalers products and services.

In conclusion, the smart inhalers market is expected to continue to grow in the coming years, driven by increasing prevalence of respiratory conditions such as asthma and COPD and the increasing use of technology in healthcare. Smart inhalers can help patients manage their medication regimen and improve adherence, providing real-time feedback on medication usage which can help patients and healthcare providers monitor medication usage and adjust treatment plans as needed.

Competitive Landscape

To enhance their market position, players in the market are putting more and more emphasis on partnerships, acquisitions, mergers, and expansion.

For instance,

  • Adherium Limited formed a partnership with Trudell Medical Limited in August 2022 to provide remote monitoring and respiratory eHealth solutions to patients in the United States. With the aim of lowering readmissions and improving patient outcomes, both businesses will examine COPD patients after they leave the hospital utilising the Trudell U.S. unit Monaghan Health center and its subsidiary Aetonix’s TouchAway platform in conjunction with Adherium’s Hailie sensors.
  • The U.S. FDA 510(k) approved the Hailie Sensor, which contains physiological parameters for monitoring the use of asthma and COPD medicines for sale in the U.S. region, in September 2021, according to an announcement made by Adherium Limited, a major player in the respiratory eHealth remote monitoring market.

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Key Segments of the Smart Inhalers Industry Research

By Product:

  • Dry Powder Inhaler (DPI)- based Smart Inhalers
  • Metered Dose Inhaler (MDI)- based Smart Inhalers

By Disease Indication:

  • Asthma
  • COPD

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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Global Western Blotting Market 2023: Pharmaceutical and Biotechnology Companies to Lose Market Share | PMR

The Western blotting market is a segment of the life science research industry that deals with the sale of products and services related to the Western blotting technique. This technique is used to detect and analyze specific proteins in a sample, and is commonly used in research fields such as biochemistry, molecular biology, and medical diagnostics. The market for Western blotting products and services is expected to grow in the coming years due to increasing research in the life sciences and advancements in technology. This includes increase in demand for protein-based therapeutics, and growing use of Western blotting in drug discovery and development, as well as in the diagnosis of diseases.

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Western blotting is a powerful tool for the identification and characterization of specific proteins within a complex mixture of proteins. It involves the separation of proteins by size using gel electrophoresis, followed by transfer of the separated proteins onto a membrane and detection of specific proteins using antibodies.

One of the key drivers of the Western blotting market is the increasing demand for protein-based diagnostic tests, particularly in the field of cancer research. Western blotting is a commonly used technique for the detection of specific proteins in cancer samples, and the growing incidence of cancer is driving demand for this technique.

Companies

  • Medtronic PLC
  • Aesculap, Inc.
  • B. Braun Melsungen Ag
  • Stryker Corporation
  • Smith & Nephew PLC
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Conmed Corporation
  • Microline Surgicals, Inc.
  • Zimmer Biomet Holdings, Inc.

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Another important factor driving the growth of the Western blotting market is the increasing use of Western blotting in drug development. Western blotting is used to study the mechanism of action of drugs and to identify potential drug targets. This technique is also used to monitor the efficacy and safety of drugs in preclinical and clinical trials.

The Western blotting market is segmented by product, applications, and end-users. The product segment includes reagents, instruments, and software & services. Applications are segmented into research, diagnostics, and drug development. End-users are segmented into academic & research institutes, hospitals & clinics, and pharmaceutical & biotechnology companies.

The Western blotting market is also characterized by the presence of several major players, such as Thermo Fisher Scientific, Bio-Rad Laboratories, Merck KGaA, and Agilent Technologies. These companies offer a wide range of products and services, such as reagents, instruments, and software & services.

Automation in western blotting bodes well for the market

Western blotting demands time and technical skill to detect specific protein in a complex mixture. Conventional western blots have inconsistent efficiency. Currently, increased throughput screening in western blotting is possible with automation, which enables numerous trials and accelerates experimentation. Automation of western blot enables analysis of multiple samples at once. Loading the sample is the only manual task with automated western blot systems.

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Market Taxonomy

Product
  • Electrophoresis Blotting Systems
    • Automated Dry Blotting Systems
    • Semi-Dry Blotting Systems
    • Traditional Wet Transfer Blotting Systems
  • Reagents Kits
    • Chromogenic Reagents Kits
    • Chemiluminescent Reagents Kits
      • Horseradish Peroxidase (HRP) Substrate
      • Alkaline Phosphatase (AP) Substrate
    • Fluorescent Reagents
    • Antibodies
      • Primary Antibody
      • Secondary Antibody
    • Buffer Kits
  • Transfer Membranes
End-Use
  • Diagnostic Laboratories
  • Research Institutions
  • Pharmaceutical & Biotechnology Companies
Application
  • Scientific Research
  • Medical Diagnostics
  • Agricultural Application
  • Food & Beverages
  • Other Applications

 

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Global Minimally Invasive Surgical Instruments 2023 : North America to Dominate the Market in Terms of Revenue | PMR Study

The minimally invasive surgical instruments market refers to the sales and usage of medical instruments and equipment that are used in minimally invasive surgical procedures. Minimally invasive surgical procedures are those that involve small incisions and the use of specialized instruments, such as endoscopes and laparoscopic instruments, to access the surgical site. These procedures are becoming increasingly popular due to their benefits, such as shorter recovery times and less post-operative pain. The market for minimally invasive surgical instruments is expected to continue growing in the coming years, driven by factors such as an aging population, an increase in chronic diseases, and advancements in technology.

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Minimally invasive surgical instruments include a wide range of tools and equipment, such as endoscopes, laparoscopic instruments, robotic surgical systems, and navigation systems. These instruments are used in a variety of surgical procedures, such as gynecological surgeries, urological surgeries, orthopedic surgeries, and gastrointestinal surgeries.

One of the key drivers of the minimally invasive surgical instruments market is the growing preference for minimally invasive procedures over traditional open surgeries. Minimally invasive procedures are associated with several benefits, including smaller incisions, less pain and blood loss, and a faster recovery period.

Companies

  • Medtronic PLC
  • Aesculap, Inc.
  • B. Braun Melsungen Ag
  • Stryker Corporation
  • Smith & Nephew PLC
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Conmed Corporation
  • Microline Surgicals, Inc.
  • Zimmer Biomet Holdings, Inc.

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Another important factor driving the growth of the minimally invasive surgical instruments market is the increasing adoption of robotic surgical systems. Robotic surgical systems provide several advantages over traditional laparoscopic instruments, such as improved precision, dexterity, and control. They can also be used in complex procedures that would otherwise be difficult to perform with traditional laparoscopic instruments.

The market is segmented by types of instruments such as laparoscopic instruments, endoscopy devices, robotic systems, and others. By Application it segments into gynecological surgeries, urological surgeries, orthopedic surgeries, gastrointestinal surgeries and others.

The minimally invasive surgical instruments market is also characterized by the presence of several major players, such as Medtronic, Intuitive Surgical, Stryker, and Johnson & Johnson. These companies offer a wide range of products and services, such as laparoscopic instruments, robotic surgical systems, and navigation systems.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global minimally invasive surgical instruments market through 2022, which include Medtronic Plc., Aesculap, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc., Abbott Laboratories Inc., Boston Scientific Corporation, CONMED Corporation, Microline Surgical, Inc. and Zimmer Biomet Holdings, Inc.

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Market Taxonomy

Product Type
  • Handheld Instruments
  • Inflation Systems
  • Cutter Instruments
  • Guiding Devices
  • Electrosurgical Devices
  • Auxiliary Instruments
  • Other Products
End User
  • Hospitals
  • Clinics
  • Academic and Research Institutes
Application
  • Cardiothoracic Surgery
  • Gastrointestinal Surgery
  • Orthopedic Surgery
  • Gynecological/Urological Surgery
  • Cosmetic/Bariatric Surgery
  • Others

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Medical Wellness Market is estimated to surge ahead at a CAGR of 14.0% to reach US$ 5.5 Bn by the end of 2033 | PMR Study

The medical wellness market refers to the industry that offers medical treatments and services for the purpose of maintaining or improving overall health and well-being. This can include preventative care, diagnostic testing, spa services, fitness programs, and other health-related services that are provided by medical professionals such as doctors, nurses, and therapists. The market is growing rapidly due to an increasing focus on preventative care and an aging population.

Worldwide revenue from the medical wellness market stands at US$ 1,309.1 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 14.0% to reach a valuation of US$ 5,524.3 Bn by the end of 2033.

Medical Wellness Market Size (2022) US$ 1,309.1 Bn
Projected Market Value (2033) US$ 5,524.3 Bn
Global Market Growth Rate (2023-2033) 14.0% CAGR
Market Share of Top 5 Countries 50.6%

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One of the key drivers of the medical wellness market is an increase in the number of people looking for ways to improve their health and prevent illnesses. With the growing awareness about the importance of preventative health care and the rising cost of medical treatments, many individuals are now looking for ways to take charge of their own health and wellbeing.

Another important factor driving the growth of the medical wellness market is the aging population. As people live longer, they are more likely to suffer from chronic diseases and conditions such as heart disease, diabetes, and arthritis. Medical wellness products and services can help prevent these conditions and improve the quality of life for older adults.

Companies

  • Sanofi S.A.
  • Pfizer Inc.
  • Johnson & Johnson
  • AbbVie Inc.
  • Eli Lilly & Company
  • Amgen Inc.
  • Bristol-Myers Squibb Company
  • F. Hoffman-La Roche AG
  • Cipla, Inc.
  • Sun Pharmaceutical Industries Ltd.

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The market is segmented into categories such as wellness centers, wellness tourism, workplace wellness and spa industry. Among these, wellness centers are expected to be the fastest growing segment in the medical wellness market. This is attributed to the increasing number of people who are looking for ways to improve their health and prevent illnesses.

The medical wellness market is also characterized by the presence of several major players, such as Canyon Ranch, Wellness Tourism Worldwide, Como Shambhala, and Six Senses. These companies offer a wide range of products and services, such as fitness programs, stress management techniques, and integrative therapies.

In conclusion, the medical wellness market is expected to continue to grow in the coming years, driven by an increase in the number of people looking for ways to improve their health and prevent illnesses, and an aging population. Businesses and entrepreneurs have an opportunities in this field to provide preventative and holistic health care, aiming at promoting physical and mental well-being of their clients.

Competition Landscape

Key players are concentrating on service updates and expansion in developing regions. Key organisations are strengthening their market presence even more through their expansion, service launches, agreements, partnerships, and developed online services.

Key instances include:

For instance, In March 2021, Everwell invested in research-backed alternative therapies alongside conventional solutions to address wellness issues from multiple angles. The company has launched the Everwell health and wellness clinic, located in Newport Beach, California. This clinic will offer a selected range of advanced wellness solutions that are designed to optimize mind and body health.

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Key Segments Covered in Medical Wellness Industry Research

Services:

  • Personal Care, Beauty and Anti-Aging
  • Nutrition and Weight Loss
  • Fitness and Mind-Body
  • Preventative and Personalized Medicine
  • Traditional and Complementary Medicine
  • Medical Spa
  • Thermal/Mineral Springs
  • Workplace Wellness

Age Group:

  • Adults
  • Geriatric

Application:

  • Therapeutic Wellness
  • Rehabilitation
  • Occupational Wellness

Client:

  • International Clients
  • Domestic Clients

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Endoscopic Mucosal Resection Market 2023-Growth Factors, Opportunities, Ongoing Trends and Key Players 2032 | Boston Scientific Corporation, Cook Medical Inc, Olympus

The endoscopic mucosal resection (EMR) market is a segment of the medical device market that is focused on the development and sale of devices and equipment used for the removal of abnormal tissue growths in the gastrointestinal tract using an endoscope. This procedure is used for the treatment of precancerous and cancerous growths, such as polyps and adenomas, in the colon and rectum. The EMR market is growing due to an increasing prevalence of colorectal cancer and an aging population. Additionally, advances in technology have improved the precision and safety of the procedure, making it a more viable treatment option.

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The market for endoscopic mucosal resection is expected to grow in the coming years, driven by increasing prevalence of gastrointestinal diseases and the growing adoption of minimally invasive surgical techniques. Additionally, the increasing demand for early diagnosis and treatment of digestive tract disorders is expected to boost the market for EMR.

 Companies

  • Boston Scientific Corporation
  • Cook Medical Inc
  • Olympus
  • Interscope, Inc.
  • FUJIFILM Holdings Corporation
  • CONMED Corporation
  • STERIS Plc

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Factors such as technological advancements in endoscopy devices, increasing healthcare expenditure, and the growing geriatric population are also expected to drive the market for EMR. However, the high cost of EMR procedures and the risk of complications associated with the procedure may act as a restraint on the market growth.

Overall, the endoscopic mucosal resection market is expected to experience strong growth in the coming years, driven by the increasing adoption of minimally invasive surgical techniques and the growing demand for early diagnosis and treatment of digestive tract disorders.

High cost associated with the endoscopic mucosal resection techniques may hamper the growth of the market

The initial set up and installation of endoscope reprocessing equipment along with steep repair and service costs involves high investments. A limited financial support in remote locations may lead to the chances of recovering costs as return on investment totally depends on the number of procedures happening on a daily basis.

Hence, achieving break-even is quite uncertain and entails high risk. Also, the global market’s growth largely depends on the availability of robust medical facilities and platforms. Additionally, the high costs involved in upgrading hi-tech endoscope devices and repairing and refurbishment services could also hamper revenue growth of the global market during the forecast period.

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Endoscopic Mucosal Resection Market

Technology
  • Lift-and-Cut Technique
  • Suck-and-Cut Technique
    • EMR-C
    • EMR-L
Indication
  • Esophageal Cancer
  • Stomach Cancer
  • Duodenal Cancer
  • Colon Cancer
End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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Global Arthroscopic Shaver Market 2023: Europe to Remain Most Lucrative Market for Arthroscopic Shaver | PMR Study

The arthroscopic shaver market refers to the sales and usage of arthroscopic shaver devices, which are used in orthopedic and arthroscopic surgical procedures. These devices typically consist of a motor and a cutting or burring attachment, and are used to remove or shape bone and soft tissue. The market for arthroscopic shavers is expected to grow in the coming years due to an increasing number of orthopedic surgeries and the increasing adoption of arthroscopy as a minimally invasive surgical technique. Key players in the market include leading medical device companies such as Stryker, Smith & Nephew, and DePuy Synthes.

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The demand for arthroscopic shavers has increased in recent years due to the growing popularity of arthroscopic surgery and the benefits it offers over traditional surgery, such as shorter recovery times and reduced risk of complications. The market is also driven by factors such as the aging population, increasing prevalence of joint disorders, and the growing adoption of advanced medical technologies.

Companies

  • Arthrex Inc
  • Stryker Corporation
  • CONMED Corporation
  • Smith & Nephew Plc.
  • Zimmer Biomet Holdings, Inc.
  • Medtronic Plc.
  • Johnson & Johnson
  • Richard Wolf GmbH
  • De Soutter Medical Limited
  • Karl Storz GmbH & Co. Kg

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Key players in the arthroscopic shaver market include Johnson & Johnson, Stryker, and Smith & Nephew. These companies offer a range of arthroscopic shavers, including manual and powered shavers, as well as accessories and disposables.

The global arthroscopic shaver market is expected to continue to grow in the coming years, with increasing adoption of arthroscopic surgery and the development of advanced shaver technologies. According to a market research report published in 2022, the market is expected to reach a value of around $XX billion by 2022, growing at a CAGR of XX% during the forecast period.

Competition Tracking

Competition in the global arthroscopic shaver market is likely to intensify on the back of increasing M&A activities between established players and regional vendors, along with the rise in technological innovations. In addition, regional and local vendors are focusing on providing application-specific products. PMR’s report has identified key players in the global arthroscopic shaver market, which include Karl Storz GmbH, Arthrex, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew, DePuy Synthes Mitek Sports Medicine, and Zimmer Biomet.

Market Taxonomy

The report has offered a segmentation analysis of the global arthroscopic shaver market. The report categorizes the market in terms of five key segments viz. product type, application, end-user, and region. Market share comparison, coupled with the revenue and Y-o-Y growth comparison are used in the report for providing insights about the market numbers associated with the segmentation analysis. Global market for arthroscopic shaver has been divided into six key regions, which are Japan, Middle East & Africa (MEA), North America, Europe, Asia-Pacific excluding Japan (APEJ), and Latin America.

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Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Product Type
  • Control System
  • Shaver Handpieces
  • Accessories
End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
Application
  • Knee Repair
  • Shoulder Repair
  • Hip Repair
  • Others

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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Global Cloud-based Drug Discovery Platforms Market 2023: Pharmaceutical Vendors Projected to be the Most Attractive End User Segment | PMR

The cloud-based drug discovery platform market is a rapidly growing segment of the pharmaceutical industry. These platforms use cloud computing technology to store, process, and analyze large amounts of data in order to speed up the drug discovery process. They provide researchers with access to powerful computational resources and advanced analytics tools, which can be used to identify new drug targets, design and optimize drug candidates, and predict potential side effects. Additionally, cloud-based platforms are often more cost-effective than traditional on-premises solutions, as they eliminate the need for expensive hardware and maintenance. Companies such as Schrodinger, Optibrium, and Genedata are examples of providers of cloud-based drug discovery platforms.

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One of the key drivers of the cloud-based drug discovery platform market is the growing adoption of cloud computing in the pharmaceutical industry. Cloud-based platforms enable pharmaceutical companies to access and analyze large amounts of data quickly and efficiently, which can improve the accuracy and speed of drug discovery. Additionally, these platforms can be accessed remotely, which makes it easier for researchers to collaborate and share data with colleagues.

 Companies

  • IBM Corporation
  • Accenture PLC
  • Tata Consultancy Services Limited
  • SAS Institute Inc.
  • BioXcel Corporation
  • Cloud Pharmaceuticals Inc.
  • WuXi AppTec (Sanghai) Co. Ltd.
  • Dassault System
  • Acelot, Inc.

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Another factor driving the growth of the cloud-based drug discovery platform market is the increasing demand for personalized medicine. These platforms can be used to analyze patient-specific data and predict which therapies are most likely to be effective, which can improve treatment outcomes and reduce the risk of adverse side effects.

Overall, the cloud-based drug discovery platform market is expected to experience strong growth in 2022 and beyond due to the increasing adoption of these solutions by pharmaceutical companies and the demand for more personalized and effective therapies.

Pharmaceutical Vendors segment to lead the global market in terms of revenue share throughout the forecast period

Our forecasts indicate that the Pharmaceutical Vendors segment will remain the leading end user segment during the forecast period 2017 to 2025, estimated to reach a market valuation of US$ 1,625.0 Mn by the end of the forecast period in 2025, with a CAGR of 13.4%.

In terms of CAGR though, the Contract Research Organizations segment is expected to stand first, registering a growth rate of 13.8% during the eight year period. The Contract Research Organizations segment is also anticipated to witness high Y-o-Y growth rates throughout the forecast period.

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Market Taxonomy

By End User
  • Pharmaceutical Vendors
  • Biotech Vendors
  • Contract Research Organizations
  • Others
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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Plastic Wound Retractor Market 2023 is expected to grow at a CAGR of 2.5% over the forecast period reaching a revenue of over US$ 550 Mn by the end of 2025

The plastic wound retractor market refers to the industry that produces and sells plastic surgical instruments used to hold open incisions or wounds during surgical procedures. These retractors come in various shapes and sizes and can be disposable or reusable. The market for plastic wound retractors is driven by factors such as the increasing number of surgical procedures, the growing aging population, and advancements in surgical technology. However, the market growth may be hindered by the high cost of these instruments and the availability of alternative options.

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The plastic wound retractor market can be segmented based on product type, application, and region. Based on product type, the market can be divided into self-retaining retractors, non-self-retaining retractors, and others. The self-retaining retractors segment is expected to dominate the market due to their ease of use and ability to maintain retraction without the need for additional support. Based on application, the market can be segmented into general surgery, plastic surgery, orthopedic surgery, and others. The general surgery segment is expected to dominate the market due to the high prevalence of chronic diseases and the increasing adoption of minimally invasive surgery.

Geographically, the plastic wound retractor market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the high prevalence of chronic diseases, the presence of a large geriatric population, and the presence of advanced healthcare infrastructure. Europe is also expected to hold a significant share of the market due to the high prevalence of chronic diseases and the increasing adoption of minimally invasive surgery.

 Companies

  • Applied Medical Resources Corp
  • Betatech Medical
  • Changzhou Ankang Medical Instruments Co Ltd
  • Geister Medizintechnik GmbH
  • HAKKO CO., LTD.
  • Cooper Surgical
  • Wecan Medicare
  • Victor Medical Instruments Co., Ltd.
  • Vaxcon Corporation
  • PRESCIENT SURGICAL, INC
  • SEJONG MEDICAL CO., LTD.
  • SURKON MEDICAL CO., LTD
  • Surgicore Co. Ltd.

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Some of the key players operating in the plastic wound retractor market include Becton, Dickinson and Company, Medtronic, Johnson & Johnson, and Zimmer Biomet Holdings, Inc. These companies are focusing on research and development activities to introduce new and innovative products in the market.

In conclusion, the global plastic wound retractor market is expected to grow at a significant rate during the forecast period due to the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for minimally invasive surgery. The increasing adoption of plastic wound retractors in outpatient surgery centers and ambulatory surgical centers is also expected to drive market growth.

Applications of plastic wound retractors across various regional markets

Plastic wound retractors find increasing application in abdominal surgeries in the North America plastic wound retractors market. The abdominal surgery segment is expected to witness a significant market revenue of over US$ 90 Mn by the end of forecast period. Whereas the bladder surgery segment shows a revenue share of just over US$ 9 Mn by 2025 end.

In the Asia Pacific regional market, the abdominal surgery segment is estimated to reach a market valuation of a little under US$ 130 Mn by the end of the assessment year, followed by the bladder surgery segment that reflects a market estimation of about US$ 11 Mn towards the close of the period of forecast.

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Market segmentation based on different criteria

Product Type
  • Ring Based
    • Small
    • Medium
    • Large
    • Extra Large
  • Prong Based
    • Single
    • Double
    • Triple
    • Others
Application
  • Abdominal Surgery
    • Colorectal (open)
    • Colorectal (lap)
    • General Surgery (open)
    • General Surgery (lap)
    • C-sections
    • Hernia Gastric
    • Bypass (open)
  • Cardiac Surgery Orthopedic Surgery
  • Spinal Surgery
  • Plastic Surgery
  • Dental Surgery
  • Brain Surgery
  • Thyroid Surgery
  • Other Surgeries
Surgery Type
  • Minimally Invasive Surgery
  • Open Surgery
End User
  • Hospitals Ambulatory
  • Surgical Centers

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Global Artificial Saliva Market 2023: Oral Spray Product Type Segment to Register the Highest Segmental CAGR of 14.7% | PMR

The artificial saliva market refers to the industry that produces and sells products designed to mimic the properties of natural saliva, such as moisturizing, lubricating, and providing a neutral pH environment for the mouth. These products are used to alleviate symptoms of dry mouth, a condition that can occur as a result of certain medications, medical treatments, or other underlying conditions. The market for artificial saliva is expected to grow in the coming years as the population ages and the prevalence of dry mouth increases.

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The global artificial saliva market is expected to grow at a significant rate during the forecast period (2022-2027). This growth is driven by factors such as the increasing prevalence of dry mouth, the growing geriatric population, and the rising prevalence of chronic diseases. In addition, the increasing use of artificial saliva in the treatment of dry mouth caused by radiation therapy and chemotherapy is expected to drive market growth.

The artificial saliva market can be segmented based on product type, distribution channel, and region. Based on product type, the market can be divided into spray, gel, and liquid. The spray segment is expected to dominate the market due to its ease of use and fast-acting nature. Based on distribution channel, the market can be segmented into hospitals, pharmacies, and online stores. The hospitals segment is expected to dominate the market due to the high prevalence of dry mouth in hospitalized patients.

Companies

  • GlaxoSmithKline plc
  • Cipla Limited
  • Mission Pharmacal Company
  • Fresenius Kabi
  • Parnell Pharmaceuticals, Inc.
  • CCMed Group
  • Entod International
  • Midatech Pharma Plc.
  • Forward Science
  • Valeant Pharmaceuticals International, Inc.
  • Biocosmetics Laboratories
  • Icpa Health Products LTD.
  • Perrigo
  • Laboratorios Kin, S.A.

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Geographically, the artificial saliva market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the high prevalence of dry mouth, the presence of a large geriatric population, and the presence of advanced healthcare infrastructure. Europe is also expected to hold a significant share of the market due to the high prevalence of dry mouth and the presence of a large geriatric population.

Some of the key players operating in the artificial saliva market include GlaxoSmithKline plc, 3M, Bausch Health Companies Inc., Oasis Medical, Inc., and GC Corporation. These companies are focusing on research and development activities to introduce new and innovative products in the market.

In conclusion, the global artificial saliva market is expected to grow at a significant rate during the forecast period due to the increasing prevalence of dry mouth, the growing geriatric population, and the rising prevalence of chronic diseases. The increasing use of artificial saliva in the treatment of dry mouth caused by radiation therapy and chemotherapy is also expected to drive market growth.

Oral sprays and oral liquids opted for most in the artificial saliva market

The oral sprays segment had the maximum revenue share in the artificial saliva market at the end of 2016 and is highly likely to remain so at the end of the forecast period. The oral spray segment was valued at just under US$ 130 million in 2016 and should push past US$ 445 million by end 2025. Oral sprays are preferred in the artificial saliva market because they are both convenient and affordable.

The oral liquid segment was the second most popular in the artificial saliva market and is on track to record a CAGR of 14.2% for the period. Oral liquids had a market attractiveness index of 1.5 and key stakeholders in the artificial saliva market are advised to take this into consideration.

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Artificial Saliva Market Taxonomy

Product Type
  • Oral Spray
  • Oral Solution
  • Oral Liquid
  • Gel
  • Powder
Age Group
  • Adult
  • Paediatric
Distribution Channel

 

  • Hospital Pharmacies
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Hypermarkets and Supermarkets
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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