Wearable Medical Device Market Trends 2015 To 2022 by Grand View Research, Inc.

Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc. Rising prevalence of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices. Moreover, increasing health awareness is further expected to augment the demand for these devices.
Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology. Technological innovation is projected to be vital for growth of this industry over the forecast period. Smart watches, smart bands, and smart clothing are anticipated to be the key areas for development. Increasing penetration of smart cellular phones is expected to assist growth of this technology. However, patient privacy and security concerns along with complexity in engineering are expected to impede growth of the industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/wearable-medical-devices-market

Further key findings from the study suggest:

• Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare
• Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period. Increasing penetration of products, such as insulin monitors, is assisting the growth of wearable equipment.
• Diagnostic devices such as vital sign monitors are expected to witness lucrative growth over the forecast period. Rising incidences of chronic diseases are expected to boost the demand for this equipment.
• Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring. Home healthcare held significant shares of around 50.0% in 2014. Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.
• On the contrary, remote patient monitoring is projected to exhibit growth rate of over 25.00% in the next seven years. Increasing geriatric population base coupled with demand for continuous monitoring is expected to fuel the growth.
• Strap/clip/bracelet or watches held substantial shares of around 40.0% in 2014, and is expected to grow at a lucrative rate over the forecast period. Simplified engineering, aesthetically appealing products, and synchronization with mobile application are anticipated to drive this segment’s growth.
• North America dominated the overall market with approximately 40.0% of shares. This can be attributed to increasing per capita income as well as rising healthcare spending, and advanced healthcare infrastructure and presence of OEM in this region.
• Asia Pacific is projected to grow with a rapid rate of around 32.0% over the forecast period. Economic development coupled with improving healthcare systems is expected to help the industry grow in this region.
• Key companies of the wearable medical devices industry include Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science, Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics 

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

Guidewires Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.

Global guidewires market is expected to reach USD 2,197.2 million by 2020, according to a new study by Grand View Research, Inc. Growing prevalence of target diseases coupled with growing geriatric population base is expected to drive guidewire demand over the next six years. Technology innovation across various product segments, in terms of flexibility, tip retention etc. is also expected to boost market demand by catering to the requirements of healthcare practitioners.
Coronary guidewires dominated the overall market in terms of revenue, estimated at USD 700.1 million in 2013. Coronary guidewires market is expected to grow on account increasing prevalence of cardiovascular diseases and the presence of high minimally invasive coronary procedure volumes.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/guidewires-market

 Global coronary and peripheral guidewires market, 2012 – 2020 (USD Million)

Further key findings from the study suggest:

• Global guidewires demand was 16,645.9 thousand units in 2013 and is expected to reach 25,640.2 thousand units by 2020, growing at a CAGR of 6.4% from 2014 to 2020. 
• Peripheral guidewires are expected to remain as the second largest product segment after coronary guidewires during the forecast period. In terms of revenue, the market for peripheral guidewires is expected to grow at a CAGR of over 6.0% from 2014 to 2020 due to increasing prevalence of peripheral vascular diseases (PVDs), peripheral artery diseases (PADs), abdominal aortic aneurysms (AAA) and carotid artery stenosis (CAS).
• North America dominated the overall market in terms of revenue share in 2013 majorly on account of the presence of high prevalence levels of cardiovascular and neurovascular disorders and sophisticated healthcare infrastructure
• Asia Pacific is expected to be the fastest growing regional market for guidewires, driven by increasing demand for medical tourism in emerging markets of India and China and rapidly improving healthcare infrastructure.
• Some key market players of guidewires include Terumo Corporation, ASAHI INTECC, Abbott Laboratories, Medtronic Inc., Cordis Corporation, Boston Scientific Corporation, Covidien, B. Braun and Cook Medical.
• R&D spending has steadily increased over the last three years, in an attempt to develop technologically advanced and cost effective products and avoid barriers such as product recalls. In addition, R&D is also focused on the unmet needs of healthcare practitioners in consideration. Tip shape retention, flexibility and minimal wire perforation are the key requirements of healthcare practitioners.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

For the purpose of this study, Grand View Research has segmented the global guidewires market on the basis of product and region:
Global Guidewires Product Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020)
            • Coronary Guidewire
            • Peripheral Guidewire
            • Neurovascular Guidewire
            • Urology Guidewire
Guidewires Regional Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:

Sherry James

Corporate Sales Specialist, U.S.A.

Grand View Research, Inc.

United States           

Phone:  1-415-349-0058

Toll Free:  1-888-202-9519

Email:  sales@grandviewresearch.com 

Website:  Grand View Research                          

Blog Site: http://www.divog.org/

Pharmacy Automation Devices Market Growth, Trends, Segment To 2020: Grand View Research, Inc.

The Global Pharmacy Automation Devices Market is expected to reach USD 8,996.8 million by 2020, growing at an estimated CAGR of 7.3% from 2014 to 2020, according to a new study by Grand View Research, Inc. Pharmacy automation devices such as medication dispensing system, packaging and labeling systems, storage and retrieval systems, compounding systems and table-top counters are used to increase efficiency of work within pharmacies. These devices are used to enhance productivity, system integration, lowering of medication errors, and provide additional time to pharmacists and clinicians for patient care. Rise in demand for pharmaceutical products, technological advancement, and precise robotic tools to carry out pharmacy operations are some of the key drivers contributing towards the growth of this market. In addition, presence of untapped growth opportunities in emerging markets such as India, Brazil and China and increasing need for automation in pharmacy and healthcare operations are expected to serve this market as future growth opportunities.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pharmacy-automation-market

Pharmacy automation devices market, by application, 2012 – 2020 (USD million)

Further key findings from the study suggest:

• Automated medication dispensing systems dominated the pharmacy automation devices market in terms of share at 47.8% in 2013, due to increasing demand for accurate medication dispensing systems. The ability of these devices to significantly reduce error rates is expected to boost product demand.

• Automated compounding systems are expected to grow at the fastest CAGR of 8.4% during the forecast period owing to increasing demand for accurate mixing of medication and significant reduction in overall time taken to complete a dose.

• North America was the largest regional market in 2013, accounting for 54.8% of the revenue. Presence of high market penetration rates of healthcare IT systems in pharmacies and healthcare establishments, high healthcare expenditure and R&D pertaining to pharmacy automation devices are some of the factors accounting for its large market share.

• Asia Pacific is expected to be the most attractive regional market is estimated to grow at a CAGR of over 9.0% during the forecast period, majorly owing to rapidly improving healthcare infrastructure in emerging markets of India and China. Introduction of healthcare reforms in these countries and the consequent entry of multinational pharmaceutical companies and distributors in this region are expected to drive market growth.

• Key industry participants of this market include AmerisourceBergen Corporation, Accu Chart Healthcare, CareFusion Corporation, ForHealth Technologies, Fulcrum Inc, GSE Scale Systems, McKesson Corporation, Pearson Medical Technologies, Innovation PharmaAssist Robotics, Health Robotics SRL, Medacist, Kirby Lester, Pyxis Pharmacy Automation Systems, MedDispence, MTS Medication Technologies, Rice Lake Weighing Systems, Cerner Corporation, Omnicell Inc, Aesynt Inc., Parat Systems Pharmacy Automation, ScriptPro LLC, Baxter International Inc., Swisslog Holding Ltd, ScriptPro LLC, Yuyama Co., Ltd, and Talyst Inc.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

For the purpose of this study, Grand View Research has segmented the pharmacy automation devices market on the basis of application, end-use and region:
Pharmacy Automation Devices Application Outlook
            • Automated Medication Dispensing Systems
            • Automated Packaging And Labeling Systems
            • Automated Storage And Retrieval Systems
            • Automated Medication Compounding Systems
            • Table Top Tablet Counters
Pharmacy Automation Devices End-use Outlook
            • Hospital Pharmacy
            • Retail Pharmacy
Pharmacy Automation Devices Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

Medical Specialty Bags Market Size To Grow At A CAGR Of 4.8% From 2015 to 2022: Grand View Research, Inc.

The medical specialty bags market is expected to reach USD 10.31 billion by 2020 with the advent of technology and increasing demand that emphasizes on customer value proposition of products and services.Growing percentage of aging population and prevailing diseases such as urinary incontinence is expected to be the key driving factor for marketgrowth over the next seven years.
Government policies and initiatives intended to draw customer attention by improving cost effectiveness of product offering is expected to drive demand over the forecast period. Streamlined reimbursement policies to make the product more attractive is also expected to play a major role in the growth of medical speciality bag market over the forecast period.
Rise in the disposable income and growing health awareness regarding various diseases coupled with increasing unmet medical needs and introduction of affordable medical specialty bags in emerging economies such as Brazil, China and India is anticipated to propel future growth of the industry. High excise tax rates on healthcare devices in theU.S and Canada is expected to serve as key challenge for medical specialty bags market over the next seven years.
Based on the type of product, medical specialty bag market is broadly classified into urinary collection bags, anesthesia breathing bags, sterile packaging bags, blood bags, bile collection bags, cadaver bags, ostomy bags, enteral feeding bags, intravenous fluid bags and continuous ambulatory peritoneal dialysis bags. (CAPD).

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-specialty-bags-market

Further key findings from the study suggest:

·         Ostomy collection bags was the largest product segment in 2013 and is estimated to grow at a CAGR of 4.3% from 2014 to 2020 to reach USD 2.94 billion. Bile collection bags, on the other hand, are expected to grow at a fast pace with a CAGR of 6.5% from 2014 to 2020, on account of rising need for minimally invasive laparoscopic cholecystectomy procedures. 

·         Intravenous (IV) fluid bags market revenue is estimated to reach USD 2,469.9 million by 2020, growing at a CAGR of 5.2% from 2014 to 2020. Medical specialty bags comprise niche segments including home healthcare and SurgiCenters. Small non-hospital players such as SurgiCenters are expected to drive the market growth owing to increasing demand and customer awareness. These bags are used for surgeries in hospitals. 

·         North America accounted for the largest share of the market in 2013 owing to the existence of sophisticated healthcare infrastructure, better patient awareness levels and reimbursement framework.These elements are responsible for high rates of usage and procedure volumes in the region. 

·         Asia Pacific medical specialty bags markets expected to grow at the highest CAGR of over 6.0% from 2014 to 2020. Improved medical knowledge, in addition to improving healthcare infrastructure and disbursements are some of the factors expected to account for its rapid growth over the forecast period. 

·         Key participants of this market include Fresenius Medical Care AG & Co, Hollister Incorporated, Terumo Corporation, Baxter International Inc., B Braun Medical Convatec Inc. and Coloplast A/S.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the medical specialty bags market on the basis of product and region:
Medical Specialty Bags Product Outlook
            • Anesthesia breathing bags
            • Urinary collection bags
            • Bile collection bags
            • Sterile packaging bags
            • Blood bags
            • Ostomy collection bags
                    • Single use bags
                    • Multiple use bags
            • Enteral feeding bags
            • Cadaver bags
            • Resuscitation bags
                    • Disposable bags
                    • Reusable bags
            • Continuous ambulatory peritoneal dialysis (CAPD) bags
            • Intravenous fluid bags
                    • PVC material based fluid bags
                    • Non- PVC material based fluid bags
            • Enema bags
            • Ice bags
Medical Specialty Bags Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW