Bariatric Surgery Device Market Outlook from 2024 to 2034

Future Market Insights (FMI), a leading market intelligence and consulting firm, has released a comprehensive study highlighting the optimistic growth trajectory of the Global Bariatric Surgery Devices Industry. The market is set to expand gradually, with a Compound Annual Growth Rate (CAGR) of 6.2% predicted for the years 2022-2032, ultimately reaching an impressive USD 3.09 Billion by 2032.

In response to the challenges posed by the pandemic, FMI embraced a multidisciplinary approach, steering a focused effort on the growth and development of the Global Bariatric Surgery Devices Industry. The study not only provides crucial insights into the current growth dynamics but also outlines major revenue reforms that prevailed in the market as of 2021. Furthermore, it offers key takeaways anticipated to shape the market over the forecast period.

Healthcare Industry

The team of analysts at Future Business Insights are focussing on research and market study to produce different Global Bariatric Surgery Devices Industry forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Bariatric Surgery Devices Industry.

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What are the Main Factors Affecting the Market Development for Bariatric Surgery Devices?

The market for bariatric surgical devices is thought to be primarily driven by the increased prevalence of obesity situations. The market for bariatric surgery equipment is anticipated to increase as the obsess population becomes more aware of the issue. Other factors influencing the growth of the market for bariatric surgery equipment include the availability of surgeons trained in bariatric surgical methods. Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment. preventing dangers associated with obesity

Access to surgeons trained in bariatric surgical procedures

Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment.

Preventing dangers associated with obesity

Obese patients are at an increased risk of developing diabetes, hypertension, gastric reflux diseases, and blood pressure difficulties. The need for bariatric surgery equipment has greatly increased because the operations are meant to avoid the development of these disorders.

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Less cutting techniques

Lower incisions are required for some bariatric procedures, such the small sleeve gastrectomy, which allows patients undergo the procedures without fear. Hospitals and weight-loss clinics use bariatric surgery equipment more as a result.

Key Players

Johnson & Johnson, Covidien Plc, Cousin Biotech, and Pare Surgical, Inc., among others are the some of the key companies in the Global Bariatric Surgery Devices Industry. Pharmaceutical and medical devices leaders such as Medtronic has launched flagship devices for sleeve gastrectomy, indicating the positive expansion of the global market. Government funding is also playing a major role in providing manufacturers with the capital required to produce enhanced devices for bariatric surgeries.

Segmentation

The global market for bariatric surgery devices can be segmented on the basis of the type of

bariatric surgery
device used
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Based on the different kinds of bariatric surgery procedures, the market is classified into,

Gastric Bypass Surgery
Sleeve Gastrectomy Surgery
Gastric Banding Surgery
Others
By device-type, the Global Bariatric Surgery Devices Industry is further segmented into,

Stapling Devices
Gastric Bands
Gastric Balloons
By Region

North America
Latin America
Western Europe
Eastern
Asia Pacific
Japan
Middle East and Africa

Prominent Lab Accessories Market Drivers By 2032

As per a recent analysis conducted by Future Market Insights, the lab accessories market is poised to experience robust growth, with a projected compound annual growth rate (CAGR) of 6.8%. This growth trajectory is anticipated to take the market from its 2022 valuation of US$ 585.0 Million to a substantial US$ 1.1 Billion by the year 2032. The report cites several factors contributing to this expansion, including enhanced research funding, rapid technological progress, and significant disease outbreaks on a large scale.

The pharmaceutical and diagnostic industries are witnessing growing competition, which is leading to a constant increase in demand for laboratory accessories. To cater to this demand, manufacturers must continually introduce new products with advanced technology to support lab automation. Along with conventional lab accessories, products like microplates and modular lab tables are also gaining popularity.

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Moreover, the prevalence of infectious diseases is increasing, leading to a rise in demand for infectious disease diagnosis. In 2016, it was estimated that 36.7 million people were suffering from HIV, as per the World Health Organization. Funding agencies such as Science and Technology Application for Rural Development (STARD) 2015 and Intensification of Research in Higher Priority Areas (IRHPA) 2016 have also increased, which is expected to boost the growth of the global laboratory accessories market in the forecast period since lab accessories are essential for laboratory operations.

Leading Companies Profiled in Lab Accessories Market are

Thermo Fisher Scientific Inc.
Analytik Jena AG
Biotix Inc.
Vistalab Technologies Inc.
Bio Rad Laboratories Inc.
Brooks Automation Inc.
BD
Corning Incorporated
Greiner Bio-One International GmbH
Hamilton Company
Parker Hannifin Corporation
Heidolph Instruments GmbH & Co. KG
Gilson Inc.
HNP Mikrosyteme GmbH
Verderflex
Key Takeaways from the Market Study

Global lab accessories market to nearly double from 2022 to 2032
US to account for the highest value share of US$ 403.0 Million of global market demand for lab accessories in 2032
From 2015 to 2021, lab accessories demand expanded at a CAGR of 7.5%
By type, the wash stations category constitutes the bulk of lab accessories market with a CAGR of 6.7%.
By end-user, research institutes to be most prominent end user, registering a CAGR of 6.9% by 2032
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Competitive Landscape

Players in the global Lab Accessories Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In June 2022, Becton, Dickinson, and Company introduced the new BD FACSDiscover S8 Cell Sorter, featuring the breakthrough BD CellView Image Technology. It is the first cell sorter to combine advanced spectral flow cytometry with sort-capable image analysis that will potentially enable researchers to yield more accurate data and sort cells that previously could not be identified.
In June 2021, Bio-Rad Laboratories, Inc. announced the launch of its PREvalence ddPCR® SARS-CoV-2 Wastewater Quantification Kit, a sensitive, accurate, and cost-effective tool used to detect SARS-CoV-2 in a community’s wastewater. ddPCR® technology is recommended in the Centers for Disease Control and Prevention guidelines (CDC) for wastewater testing, and use of the technology has been published by the Environmental Protection Agency (EPA) as a dependable method to quantify viruses in wastewater.
Key Segments Covered in The Lab Accessories Market Study

Lab Accessories Market by Type:

Lab Microplates
Microplate Accessories
Lab Label Printers
Lab Pipettes
Lab Pumps
Lab Reagent Reservoirs
Lab Valves
Lab Tubings
Lab Wash Stations
Lab Accessories Market by End User:

Lab Accessories for OEMs
Lab Accessories for Biotechnology and Pharmaceutical Companies
Lab Accessories for Hospitals and Private Laboratories
Lab Accessories for Academic Institutes
Lab Accessories for Research Institutes

Comparative View of the Adjacent Medical Spa Market

In 2024, the Global Medical Spa Industry is projected to be valued at US$ 36,592.2 million. The growing demand for non-invasive cosmetic operations and relaxation therapies offered by medical spas is a result of consumers’ increased awareness of health and wellness. Through 2034, the demand for medical spas is expected to grow at a CAGR of 6.80%. The demand for cosmetic surgeries and anti-aging therapies is driven by the aging population, especially in developed nations.

The industry’s phenomenal expansion reflects a paradigm shift in the global approach to wellness and beauty, with medical spas emerging as key players in the pursuit of holistic healthcare and aesthetic enhancement. This substantial increase in valuation signals a growing consumer preference for comprehensive, state-of-the-art wellness solutions.

Embracing Aging with Grace: The World Health Organization (WHO) anticipates the geriatric population to reach 1.4 Billion by 2030. This demographic shift is driving a surge in the desire to look and feel appealing even as individuals age. As a result, the medical spa industry is expected to experience a significant upswing in the forecast period.

Pioneering Technological Advancements: Technological innovations are at the forefront of the medical spa market’s major trends. These advancements include state-of-the-art treatments such as radiofrequency body contouring, BTL aesthetics sculpt, microneedling, dermal or hydrafacial infusion toning, and muscle-sculpting treatments. Notably, in January 2022, Renew Medical Aesthetics launched a groundbreaking line of lip filler aesthetic treatments, available in two sizes: full syringe and half (mini) syringe.

The global medical spa industry is not only witnessing unprecedented growth but also evolving to meet the ever-growing demands of a diverse clientele. As individuals seek to maintain their youthful appearance and well-being, the medical spa market is expected to play a pivotal role in helping them achieve their goals.

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With consumers turning out to be all the more tech-savvy, the awareness regarding anti-aging solutions is on an exponential rise. Thus, the growing demand for anti-aging skincare solutions remains the key driver for the medical spa industry.

Skincare products are in great demand due to higher levels of pollution, adulteration in food products, use of biological substrates and hormones in dairy products, and exposure to harmful chemicals. Medical spas help in addressing early aging, premature hair loss, obesity, skin problems, and emotional ordeals caused due to them.

At the same time, higher monetary stakes involved in spa equipment are expected to restrain the medical spa industry going forward. The American Med Spa Association’s Supplement to Modern Aesthetics states that the price of laser hair removal in the US increased by more than 50% between 2011 and 2016 alone. The post-Covid era has resulted in an upsurge in these prices; specially to cover up the losses caused during lockdown.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Medical Spa Market’. It has a team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With the geriatric population on the rise, the global medical spa industry is slated to grow on an impertinent note going forward”, says an analyst from Future Market Insights.

Key Takeaways from the Medical Spa Industry

North America holds the largest market share with the US witnessing higher spending on wellness tourism (international as well as domestic). The current scenario is such that merely 206 medical spas are listed by the SIC in American Yellow Pages. 10K are expected to open shortly.
Europe holds the second-largest market share with The Netherlands, the UK, France, Germany, Belgium, Switzerland, Spain, Italy, Russia, and Turkey leading from the front.
The Asia-Pacific is expected to grow at the fastest rate in the medical spa market and the scenario is expected to remain unchanged even going forward with India, China, Singapore, Malaysia, and Thailand dominating.
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Competitive Analysis from the Global Medical Spa Industry

Longevity Health & Wellness Hotel, in August 2019, expanded its service unit all across Portugal. The spa center is abreast with preventive diagnostics, programs, and therapies, advanced wellness programs, and regenerative and modern integrative medicine.
Chic La Vie, in November 2021, tabled a Botox skin rejuvenating procedure wherein males could also try their hands at.
Bliss, in September 2018, floored medical spa services in New York. The company also entered into collaboration with Ideal Image (provider of aesthetic and laser hair removal services, so as to incorporate aesthetic services all across Manhattan.
Laser MD Medspa, in 2021, completed acquisition of Young Medical Spa for an undisclosed sum. The basic objective was to expand the operations in 4 locations at Pennsylvania. The company further aims to expand footprint in over 15 locations across Mid-Atlantic and northeastern regions.
What does the Report say?

The research study is based on service (body shaping & contouring, facial treatment, hair removal, scar revision, tattoo removal, and the other services).
With rising demand for minimally invasive treatments like non-surgical skin tightening, chemical peels, removal of tattoos, and body sculpting, the global medical spa industry is expected to grow on a grand note in the forecast period.
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Key Companies Covered:

Chic La Vie
Clinique La Prairie
Kurotel – Longevity Medical Center and Spa
Lanserhof Lans
The Orchard Wellness Resort
Biovital Medspa
Allure Medspa
Longevity Wellness Worldwide
Serenity Medspa
Bijoux Medi-Spa
Vichy Celestins Spa Hotel
Brenners Park-Hotel & Spa
Sha Wellness Clinic
Cocoona Centre of Aesthetic Transformation
Mezzatorre Resort & Spa
Aesthetics Medispa
Lily’s Medi Spa
Lisse
Global Key Segments Covered in Medical Spa Industry Survey:

Global Medical Spa Industry by Service:

Body Shaping & Contouring
Facial Treatment
Hair Removal
Scar Revision
Tattoo Removal
Other services
Global Medical Spa Industry by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Factors Hindering the DNA Synthesis Market

The global DNA synthesis industry is poised for a remarkable surge, propelled by the accelerating pace of advancements in genomics research. According to a recent analysis by Future Market Insights, a leading market research firm, the market is projected to experience a stellar Compound Annual Growth Rate (CAGR) of 13.2% from 2023 to 2033. This translates to a significant market expansion, with the value expected to climb from US$2,898.3 million in 2023 to a staggering US$9,999.6 million by 2033.

DNA synthesis, a realm encompassing both natural and artificial processes, is undergoing a profound paradigm shift. In the natural domain, the intricate process of nucleic acid strand creation through DNA replication unfolds. Concurrently, laboratories worldwide are embracing the synthetic approach, leveraging the power of genetic engineering and enzyme chemistry to drive groundbreaking advancements across diverse domains. These applications span therapeutics, diagnostics, and academic and industrial research, heralding a new era of innovation.

The industry is witnessing an unprecedented surge in DNA synthesis adoption, positioning itself as a catalyst for revolutionizing scientific research, healthcare, and innovation. As this surge unfolds, the sector is poised to redefine the landscape of discovery, contributing significantly to a brighter and healthier future for humanity.

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India Aerospace Coating Market Insights: Asahi Kinzoku Kogyo Inc. and Brycoat Inc. Lead Market Dynamics

#IndiaAerospace #AerospaceCoatings #MarketGrowth #AviationIndustry #Manufacturing

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Mine Detection System Market Size, Share, Scope, and Trends for 2023-2030

The Mine Detection System Market Share was valued at USD 5.63 billion in 2022 and is projected to reach USD 9.18 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030.

The market is in-depth examined for the appropriate time period. Mine Detection System market research includes a thorough examination of competitors as well as a study of a company's history, resources, and SWOT analysis. The study focuses on the existing market position of COVID-19 as well as possible possibilities for growth. In-depth analysis is done in this study of market size, revenue, production, consumption, gross margin, pricing, and market-influencing factors. The analysis examines both macroeconomic and microeconomic variables that can have an impact on market demand.

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Key Players:

BAE Systems Plc
Israel Aerospace Industries
Raytheon
Northrop Grumman Corporation
L-3 Communications Holdings Inc.
Harris Corporation
General Dynamics Corporation
Schiebel Gmbh
DCD Group
Chemring Group Plc
As per the research, leading players raised their market share and their global reach, by mergers and acquisitions, partnerships, joint ventures, product launches, and agreements. The report examines the primary driving and impeding forces as well as current patterns and probable future developments in the Mine Detection System market. The industry is anticipated to expand as a result of the application of cutting-edge technology and industrial improvements.

Market Segmentation

By Technology

Radar Based
Laser Based
Sonar Based
By Deployment

Vehicle Mounted
Ship Mounted
Airborne Mounted
Handheld
By Upgrade

OEMs
MROs
By Application

Defence
Homeland Security
Competitive Outlook

The report looks at the company summaries, expansion plans, and business plans of the major market participants. It contains CAGR, revenue, volume, market share, and other pertinent information in its statistical analysis of the global Mine Detection System market. Significant amounts of market intelligence studies from throughout the world are included. We can include as many competitors as you want in our competitive study to meet your specific requirements. Our analysts can also provide pivot tables, unformatted Excel files, and help with creating presentations using the study's data sets.

Reasons to Buy the Mine Detection System Market Report

The report offers both helpful market insights into how COVID-19 will effect each category and a thorough forecast of how each segment will contribute to the growth of the Mine Detection System market. As a result, the report has a unique perspective and overview of the overall features of the study, facilitating more accurate and appropriate decision-making. Our strategic insights are created to offer trustworthy and practical solutions to market players' individual needs.

Report Conclusion

With the use of Mine Detection System market research, business participants can better understand the competitive landscape and the strategies employed by the major rivals. This study will give participants in the market more business information and a competitive edge.



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Point-of-care Molecular Diagnostics Market Outlook (2023 to 2033)

The Global Point-of-care Molecular Diagnostics Industry is on track for a significant surge, fueled by the increasing demand for faster and more convenient diagnostic solutions. According to a recent analysis by Future Market Insights (FMI), the market is projected to reach an impressive US$11.1 billion by 2033, reflecting a remarkable growth trajectory from its estimated valuation of US$4.4 billion in 2023. This phenomenal rise signifies a Compound Annual Growth Rate (CAGR) of 9.7% over the next decade, highlighting the growing adoption of point-of-care molecular diagnostics across various healthcare settings.

The escalating prevalence of infectious and chronic diseases, encompassing cardiovascular ailments, diabetes, and the ongoing challenges posed by COVID-19, is driving a surge in the adoption of point-of-care molecular diagnostics. In response to the critical need for timely and cost-effective testing, the market is witnessing an unprecedented demand for these advanced diagnostics solutions.

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The growing advanced technology, diagnostic tests, preventive medicine, and knowledge of molecular mechanisms are driving the market growth. Furthermore, the adoption of point-of-care molecular diagnostics by laboratory specialists for sequencing DNA & multi-gene is expanding the market size. These diagnostics rapidly show the results with accuracy and are estimated to increase the sales of point-of-care molecular diagnostics.

Increasing respiratory, gastrointestinal, and sexually transmitted diseases are advancing the market growth. Emerging economies, government initiatives, and low-cost POC molecular diagnostics are the prime factors that propel market opportunities.

Factors Restraining the Market Growth

The market is going through a growth decline due to a few factors which are given below:

The dearth of consciousness about healthcare products, and poor penetration of advanced healthcare devices restrain market growth. The unavailability of advanced devices and the absence of government policies must gain market growth in developing countries.

Which Technology Category Booms the Market Growth?

The RT-PCR category dominates the global market with its remarkable CAGR of 9.2% during the foreseen time. The adoption of RT-PCR is rising due to the rise in tests such as genomics, COVID-19, proteomics, and others. It is a real-time system that shows results immediately, has high sensitivity, and costs efficiently. Due to the significant growth of infectious patients, healthcare providers are accelerating the demand for RT-PCR to provide patients with relevant data immediately.

Global Point-of-care Molecular Diagnostics Industry Key Takeaways:

The Global Point-of-care Molecular Diagnostics Industry is expected to have a valuation of US$ 11.1 billion by 2033.
With a CAGR of 9.7%, the global market increasing from 2022 to 2033.
The United States market is anticipated to capture a CAGR of 9.5% through 2033.
With a CAGR of 8.8%, the United Kingdom market significantly uplifts during the forecast period.
China’s market is expected to expand at a CAGR of 9.1% over the forecast period.
Japan’s market is likely to capture a CAGR of 8.2% from 2023 to 2033.
Who is winning?

Key players fragment the global market by contributing an impressive role. These players are bringing new ideas and adapting them to build advanced products, which in turn surging market opportunities. Growing technologies, including Artificial Intelligence and the Internet of Things, have surpassed market growth in recent years.

By accepting these technologies, key players welcome better detection machines and equipment as per patients’ requirements. They further follow several effective marketing strategies such as partnerships, mergers, acquisitions, agreements, and product launches.

Recent Developments in the Global Point-of-care Molecular Diagnostics Industry :

In Feb 2022, Sense Biodetection signed an agreement with Una Health to distribute COVID-19 testing equipment.
In Dec 2021, FIND Company invested a valuation of US$ 21 million in S.D. Biosensor, Biomeme, Quaife, and Bioneer for manufacturing, developing and launching an affordable COVID-19 testing detector.
A healthcare provider BioMérieux agreed to partner with Africa Medical Supplies Platform in Oct 2020 to supply premium quality COVID-19 diagnostic solutions.
Abbott Laboratories announced its new COVID-19 detection product which can deliver results within minutes, in March 2020.
In Oct 2018, QIAGEN agreed to enhance its portfolio with STAT-Dx to provide its customers with a next-generation PCR system.
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Global Point-of-care Molecular Diagnostics Industry Segmentation by Category

By Products & Services:

Assays & Kits
Instruments &Analyzers
Software & Services
By Technology:

RT-PCR
INAAT
Other Technologies
By Application:

Respiratory Diseases
Sexually Transmitted Diseases
Hospital-acquired Infections
Cancer
Hepatitis
Gastrointestinal Disorders
Other Applications
By End User:

Physicians’ Offices
Hospitals & ICUs
Research Institutes
Other End Users

Comparative View of Adjacent Stoma/Ostomy Care Market By 2033 | FMI

The Global Stoma Ostomy Care Industry is set to achieve unprecedented growth, with a projected value of US$3.8 billion by the end of 2022. This remarkable surge is expected to continue with a compound annual growth rate (CAGR) of 4.9% throughout the forecast period from 2023 to 2033, positioning the industry to soar to an approximate value of US$6.5 billion by 2033.

Several key factors contribute to this extraordinary growth trajectory within the stoma care market. The rising prevalence of diseases necessitating ostomy care, combined with continuous advancements in surgical techniques and ostomy products, has played a pivotal role in propelling this significant expansion. Furthermore, heightened awareness and favorable reimbursement policies have created a supportive environment for the market’s sustained growth.

Among the most prevalent conditions requiring ostomy care are colorectal cancer, bladder cancer, and inflammatory bowel disease (IBD). These medical conditions often demand surgical intervention, such as surgical excision of aggressive melanoma of the intestine. In certain instances, patients require ostomy procedures, which involve the creation of a surgical incision through the abdomen to establish a new waste minimization conduit.

As we move forward, the stoma care market is poised to provide vital support and innovative solutions for individuals facing these medical challenges, contributing to improved healthcare outcomes and quality of life.

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The adoption of stoma ostomy care procedures has increased worldwide due to the rising occurrence of these diseases and increased exposure to risk factors such as changing eating habits and increased antibiotic use in children.

However, despite recent advancements, the stoma ostomy market faces several constraints that limit its growth potential. These include stoma care issues, discomfort and other concerns associated with ostomy products, societal stigma, and increased acceptance of alternative therapies, particularly in developing countries.

While stoma surgeries are generally safe, there are some risks involved, including life-threatening issues such as necrosis and exhaustion. As a result, the acceptance of stoma care appliances may be limited to some extent.

Global Stoma Ostomy Care Industry Key Takeaways:

The USA market will hold a market share of around 28.7% in the 2023 global market.
Germany is set to hold around 5.3% of the global market share in stoma ostomy care in 2023.
The Indian market is projected to expand at a CAGR of 3.8% during the forecast period.
Due to a growing number of patients suffering from target diseases such as colorectal cancer, Ostomy Bags is predicted to occupy a considerable revenue share of 84.3% in the global market by 2023.
Due to the rising frequency of IBD, bowel cancer, and colon cancer in both developed and developing nations, as well as the favorable reimbursement environment in developed countries, the colostomy sector is predicted to hold a high market share of 88.8% in the global market in 2023.
“Improvement in product design will remain a key differentiator as end users have to face stigma with the drainage bags,” reports an FMI analyst.

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Global Stoma Ostomy Care Industry Competitive Landscape

The European market for stoma ostomy care is the largest. However, according to recent trends, key players are focusing on the Asia Pacific market due to low labor costs and a large pool of patients.

Coloplast Singapore released SenSura Mio in February 2022, which uses the latest elastic adhesive technology and is appropriate for all peristomal body profiles. SenSura® Mio is being offered in Singapore for the first time in Southeast Asia to improve the quality of life for ostomytes, or those who have had an ostomy and now have a stoma.
Trio Healthcare received financing from SWK Holdings Corporation, a specialized finance company based in the United States, in February 2020, to accomplish significant local and global expansion ahead of an anticipated product launch in 2021.
Key Players in the Global Stoma Ostomy Care Industry

BAE Systems Plc, ConvaTec Inc., Hollister Inc., EuroMed, Inc, 3M Company, Smith & Nephew plc, FNC Medical, Nu–Hope Laboratories, Inc., Marlen Manufacturing & Development Co., Torbot Group, Inc, Cymed Micro Skin, Alcare Co., Ltd., B. Braun Melsungen AG., Salts Healthcare Ltd, Securi–T USA., Welland Medical Limited, Flexicare Group Limited.

More Insights Available

North America is expected to dominate the stoma care market, owing to the high incidence of colorectal cancer and inflammatory bowel disease in the region, as well as the high adoption rate of advanced stoma care products. The United States is the largest market in North America, followed by Canada.

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Global Stoma Ostomy Care Industry Key Segments

By Surgery Type:

Colostomy
Ileostomy
Urostomy
By Product:

Ostomy Bags
Ostomy Accessories
Belts & Tapes
Skin Protection &Skin Barrier
Irrigation Sets
Convex Inserts
Stoma Caps
By Application:

Cancer
Inflammatory Bowel Disease
Bowel Obstruction
Fecal Incontinence
Trauma and Infection
By End–Users:

Hospitals and Specialty Clinics
Home Care Settings
Ambulatory Surgical Centers
Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Comparative View for Medical Ventilators Market By 2033 | FMI

The latest market research conducted by Future Market Insights (FMI) predicts significant growth in the Global Medical Ventilators Industry. In 2023, the market is anticipated to be valued at US$ 1.7 billion, with a projected annual growth rate of 9.1% between 2023 and 2033, ultimately surpassing the US$ 4 billion mark by 2033.

The surge in construction activities and industrialization, driven by rapid urbanization, has led to an alarming increase in carbon emissions over the past few years. Consequently, there has been a notable rise in the incidence of respiratory diseases, such as COPD and asthma, among the population. This alarming trend has created a substantial demand for medical ventilators to address respiratory health issues.

The impact of the COVID-19 pandemic has further accelerated market growth. As a result of viral infections, many patients have required ventilator support. In response, governments around the world have made significant investments in medical ventilator procurement. For instance, in April 2020, the United States government entered into a US$ 1.1 billion contract with General Health and Philips to bolster ventilator supplies. Additionally, in the same month, the United Kingdom secured 300 new ventilators from China.

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The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

Surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Key Takeaways:

The market is expected to record a growth rate of 9.1%.
In 2023, the market valuation is expected to be at US$ 1.7 billion.
By 2033, the market value is expected to surpass US$ 4 billion.
As per the regional analysis, North America is expected to be the largest market.
The United States market is expected to grow at 6.8%.
The United Kingdom market is projected to advance at 5.8%.
China market is anticipated to surge at 14.7%.
Japan market is expected to advance at 9.1%.
South Korea market is anticipated to grow at 8%.
On the basis of product type, the critical care ventilators are expected to be the leading segment, and may surge at 8.6%.
On the basis of application, the invasive ventilators are projected to be the dominant segment, and is expected to grow at 7.5%.
Based on the end user, the hospitals segment is expected to be the leading segment.
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Competitive Landscape

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with latest microprocessors. There are also huge investments being made on Research and Development, with an aim to create best quality ventilators. The manufacturers are also investing on tactical mergers and acquisitions, with a view to expand their market share. With a view to achieve sustainable goals, the manufacturers are also looking to cut down green house emissions, and make use of eco-friendly facilities. In order to make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the market:

Cardinal Health
Becton Dickinson and Company
GE Healthcare
Key developments in the medical ventilators Industry:

In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence on biosimilars.
In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson and Company.
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Medical Ventilators Industry Segmentation

By Product:

Critical Care Ventilators
Transport Ventilators
By Application:

Invasive Ventilators
Non-invasive Ventilators
By End User:

Hospitals
Ambulatory Surgical Centers
Long Term Care Centers
Home Care Settings
Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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