Increasing Number of Acute Kidney Injuries Stokes Continuous Renal Replacement Therapy Market

Continuous renal replacement therapy (CRRT) is a type of treatment utilized for patients suffering from acute kidney injury, wherein they might be admitted in the intensive care units if the cases turn serious. Patients with acute renal failure along with complications such as multiple organ failure and formation of imperfect organs in the renal system might require undergoing continuous renal replacement therapy (CRRT). Cardiac failures including formation of edema, postoperative liver failure, severe acute pancreatitis, fulminant hepatitis, and multiple organ failures are other ailments where continuous renal replacement therapy might be used. Regarding this therapy, the fluid status of the patients is controlled with the help of electrolytic solutions that passes through the patient’s blood. In this way, uremic toxins are removed, the acid-base abnormalities are checked, which gives further information about the patients’ health.

Why is the global continuous renal replacement market being extensively driven in recent times?

Rise in urological disorders, especially those related to kidney failures and urinary incontinency ailments has caused a substantial increase in the demand for continuous renal replacement therapy (CRRT), thereby driving the associated market. Rising geriatric population also has considerably contributed towards the market’s growth in a positive manner, mainly due to a high prevalence of renal problems in old-aged people. Rapid advancements witnessed by the healthcare sector especially in urological studies, coupled with enhanced treatments for getting rise of renal complications also has made patients prefer efficient therapies. Owing to this reason, a high demand for continuous renal replacement has occurred all over the globe in recent time, thus pushing the market.

Which are the chief competitors active in the global continuous renal replacement market?

NxStage Medical, Inc., Fresenius Medical Care AG & Co. KGaA, INFOMED SA, B. Braun Melsungen AG, Baxter International, Inc., Nipro Corporation, Asahi Kasei Medical Co., Ltd., Bellco, Toray Medical Company Limited, and NIKKISO CO., LTD., are major companies operating in the global continuous renal replacement market. The players are focusing on organic as well as inorganic strategies to expand their growth, thereby increasing their customer base to generate more revenue. Looking at the number of competitors present in the market, the vendor landscape appears to be highly fragmented. Moreover, the intensity of competition is expected to increase as new players regularly establish themselves in the market.

What is the nature of the continuous renal replacement therapy market’s geographical outlook?

This market is mainly spread across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific as its key regional categories. Of these, Europe depicts topmost growth in the market owing to state-of-the-art treatment provided in leading countries situated in this region. However, the forthcoming years forecast Asia Pacific to grow at a strong pace owing to high prevalence of urinary and renal diseases in the region.

Global Endoscopic Ultrasound Needles Market to Witness Remarkable Rise, Increasing Geriatric Population to be the Main Contributor

The population, worldwide, is aging rapidly. Various countries are reporting a substantially expanded base of the geriatric population, which is leading to a rise in the number of knee-hip implants, bariatric surgeries, colonoscopy, and gastrointestinal endoscopic ultrasound procedures for the enhancement of the quality and the expectancy of their life. This, in turn, is fueling the demand and usage of endoscopic ultrasound needles, remarkably across the world. The increasing prevalence of cancer, globally, is another important factor behind the augmented uptake of for endoscopic ultrasound needles and is expected to remain supporting the growth of this market over the next few years.

According to Transparency Market Research (TMR), the global market for endoscopic ultrasound needles was worth US$ 272.7 mn in 2016.  Expanding at a healthy CAGR of more than 4.50% during the period from 2017 to 2025, the market’s opportunity is expected to reach nearly US$405 mn by the 2025 end.

In this blog post, TMR researchers are answering some of the prominent questions about the global endoscopic ultrasound needles market:

What are the main factors that will propel the global market for endoscopic ultrasound needles in the future?

Nowadays, the preference for non-invasive or minimally invasive surgeries has increased significantly among people across the world. The emergence of advanced robotic devices, which offer higher control and vision during surgeries, has enabled doctors and other medical professionals to perform safe, less invasive, and precise surgical procedures. This non-robotic surgery, which is minimally invasive too, is also known as endoscopic surgery and can be classified into thoracoscopic surgery and laparoscopic surgery. 

The demand for minimally invasive procedures, which result in small incisions, lessened pain, quicker recovery time, shorter hospital stay, less scarring, reduced blood loss, and lower risk of infection, as compared to traditional surgeries, is increasing continuously, and is projected to reflect positively on the uptake of endoscopic surgery, leading to a high demand for endoscopic ultrasound needles in the near future.

Which of the regional markets is likely to acquire dominance over the next few years?

Regionally, the global market for endoscopic ultrasound needles is spread across North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. With the high uptake of endoscopic ultrasound needles and the increased health care expenditure, North America has been dominating the global market for endoscopic ultrasound needles and is projected to continue to lead over the next few years, too. Europe stood second in the global market in 2016 and is projected to remain holding a significant market share in the near future, thanks to the increasing incidence of cancer and chronic hepatobiliary diseases in in this region.

Asia Pacific, on the other hand, is anticipated to register promising growth opportunities for market players on account of the rise in the healthcare expenditure in Asian countries. In 2016, it was worth approximately US$22 mn. With the rising focus of key participants on expanding their bases in Asia Pacific, thanks to the presence of a large untapped population and the augmenting awareness level of consumers regarding healthcare, the Asia Pacific market for endoscopic ultrasound needles is predicted to witness a high growth rate in the years to come.

Need for Safe Disposal of Risky Medical Apparatus to Propel Sharps Containers Market

Sharps containers are used to dispose biomedical and other medical wastes in a seemingly safer and efficient manner. Sharps containers are primarily designed to be used for risky instruments. The containers comprise of plastics, in order to reduce the risk of injuries or infection. Syringes, hypodermic needles, disposable scalpels and IV catheters are largely disposed in these sharps containers. 

Recently, Becton, Dickinson and Company, which is a prominent sharps containers producing enterprise, introduced a new program to ensure the efficient containment and disposal of household sharps in the U.S. This generated a lot of awareness regarding safe disposal of metal sharps at home, leading to a surge in interest in the product. 

What is the key factor driving the global sharps container market?

A WHO report says that more than 16 billion injections are administered over the globe each year. These staggering number shows the amount of possibly infected and risky equipment that requires to be disposed off in a safe and efficient manner. Hence, it is extremely important for health care facilities and other medical waste generators to collect and dispose the contaminated metal sharps waste properly, without raising the chances of infection of injury. 

Thus, the sharps containers market is driven by an increasing demand for saline needles, syringes, catheters, and reagents in laboratories, hospitals and other research facilities. Additionally, the global sharps containers market is also predicted to witness significant growth on account of the stringent regulations by the government implemented in several developed as well as emerging countries.

What other drivers are generating sales in the market?

The enhancement and ease of access to healthcare, coupled with the growing penetration of technology and other innovations in the healthcare arena has led to a surge in the utilization of sharps containers, thereby directly creating an impact on sharps containers market. The rising amounts allocated towards health care in developing regions is also making a significant contribution towards pushing the sale of sharps containers.

Which region is expected to dominate the market in the coming years?

Geographically, North America led the global sharps containers market in 2016. This could be attributed to the high adoption of sharps management service offered by leading enterprises in countries such as the U.S. The region has an extremely positive outlook due to its superior medical facilities and abundance of insurance plans. Solidawareness in individuals about the best medical practices available has also proved beneficial for the market in the region.Medtronic, Becton, Dickinson and Company, Daniels Health, Sharps Compliance, Inc., MAUSER, EnviroTain, LLC, Bondtech Corporation, Bemis Manufacturing Company, and Henry Schein, Inc.

Target Drones Market: Increased Demand from the Defense Industry to Influence Market Growth

Target Drones Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” is a brand new market intelligence study that has been included to the extensive and rich repository of Transparency Market Research. The publication studies and explores the international vendor landscape of the target drones market. Taking help and cue from an elaborate market insight, this study of target drones makes an offering of an all-inclusive evaluation of the market for target drones. The publication further gauges the ongoing scenario of the said market. Based on optimistic and likely situations, the report also evaluates the growth prospects of the market for target drones that might appear in the years to come. The study report also underscores the current trends that are present in the international market for target drones together with its macro and micro economic directives.

Target drones refer to unmanned aerial vehicles which are controlled by a remote and are mostly utilized in the defense industry. Target drone popularly utilized in the defense industry mostly for the purpose of training in anti-aircraft warfare. They act as substitutes for aerial targets which are basically used in evaluation, testing, research and development. They also look like model aircraft which are radio-controlled. The present day target drones are utilized in countermeasures, radar, and similar systems in a bid to mimic the manned aircraft.

Surge in funds for the purpose of various training programs in the military across the world is forecasted to bolster the demand for target drones as they are being adopted increasingly in the defense sector for the purpose of training. In addition to that, increase in occurrences of maritime piracy, civil unrest, and political terrorism have increased the funds for the purpose of realistic military training. However, on the other hand, shortage of skilled and trained personnel to operate and regulate the target drones is being forecasted to restrain the market over the period of forecast.

In terms of geography the world market for target drones can be divided into the regions of South America, North America, Middle East & Africa, Asia Pacific, and Europe. The region of North America is anticipated to comprise the lion’s share of the world market for target drones over the timeframe of forecast owing to the surge in investment for the purpose of training programs in the defense sector and the rise in budget allocation for target drones in the United States. The region of Asia Pacific is further prognosticated to experience the a very high growth rate over the period of forecast from various emerging nations such as China and India owing to their developing and emerging air-based defense equipment so as to diminish expenditure in the imports.

Some of the market participants which are operating in the international market for target drones are ASV Global, AeroTargets International, LLC, The Boeing Company, Lockheed Martin Corporation, QinetiQ Group plc, Security Solutions, Inc., Saab AB, Kratos Defense, Leonardo S.p.A., and Northrop Grumman Corporation.

Increasing Awareness about Personal Grooming to Inflate Demand in Global Hair Removal Market

The global hair removal market is encountering a significant growth in its size and valuation, on account of the rising beauty consciousness among people all over the world. The rising need to keep up a decent and well-groomed physical appearance is the fundamental factor behind the development of this market. In coming years, the increased popularity of the at-home hair removal methods among the younger generation is anticipated to help the demand for hair removal alternatives considerably, worldwide. A report by Transparency Market Research prognosticates the global hair removal market to flourish at a robust CAGR of 9.0% within the forecast period from 2017 to 2022. The market is estimated to reach a valuation of around US$1.35 bn by the end of 2022. Moreover, the increase in demand for shaving razors, hair removal creams, wax, epilators, and wax strips are spurring the demand for hair removal market as well.

The overall market for hair removal has been assessed based on the product type and end user. On the basis of product, the market is segmented into energy based gadgets, laser based gadgets, and intense pulse light (IPL) gadgets. Among these, the demand for IPL gadgets is comparatively more than other hair removal products. Its relatively better efficiency and long lasting results on thwarting growth of body hair is mainly stoking its demand. This IPL gadget segment is foreseen to grow at a CAGR of 9.0% in coming years. 

Which end-use segment is leading the race within the forecast period, owing to high demands?

As far as end users are concerned, the market is divided into dermatology clinics and beauty clinics. Until now, the interest for hair removal solutions has been substantially higher in beauty clinics and going forward too their demand will grow. Dermatology centers too are anticipated to register a robust rise in the demand for hair removal products in coming years by owing to the developing popularity of permanent hair removal methods, for example, laser treatment. 

What factors are influencing growth of North America as key region?

The global market for hair removal solutions is segmented based on regions as well. Asia Pacific Europe, North America, the Middle East and Africa, Japan, and Latin America are considered as the primary local markets for hair removal solutions all over the world. With the soaring interest of customers in personal grooming, combined with their high purchase capacity, North America has emerged as the key contributor to the global market.

The overall market for hair removal arrangements is highlyy consolidated with the rapid entry of new players. Cynosure Inc., Solta Medical Inc., Lynton Lasers Ltd., Strata Skin Sciences Inc., Fotona d.d., Syneron Medical Ltd., Venus Concept Canada Corp., Alma Lasers Ltd., Lumenis Ltd., Sciton Inc., Lutronic Corp., and Cutera Inc. are among the key organizations leading the global hair removal market.

Growing Geriatric Population Susceptible to Cardiovascular Diseases Fuels Unfractionated Heparin Market

With the presence of a copious number of large global players, the global unfractionated heparin market is marked by a highly consolidated vendor landscape. Large players are focused on mergers and strategic collaborations with small players to establish a foothold in regional markets. Savvy players are investing in emerging economies of Asia Pacific and Latin America that are swarming with opportunities owing to the modernization of healthcare facilities.

Q: What are the key factors driving the unfractionated heparin market?

A: The varied use of unfractionated heparin for medical care is the key driving factor of the unfractionated heparin market. Unfractionated heparin finds primary use as an anticoagulant for surgeries and for dialysis. In addition, unfractionated heparin is used for treating blood clotting disorders such as pulmonary embolism and deep vein thrombosis. Blood clotting disorders such as deep vein thrombosis have been on the rise over the past few years. Cohort studies suggest that deep vein thrombosis affects almost 900,000 individuals in the U.S. each year.

Apart from this, factors such as immediate action, simple laboratory monitoring, low cost, short half-life, and ability to reverse are also stoking the demand for unfractionated heparin. 

The rising number of geriatrics predominantly in Asia Pacific and Europe that account for a large number of cardiovascular diseases is stoking demand for unfractionated heparin as an anticoagulant. 

Q: Geographically, which region presents the most lucrative opportunities for unfractionated heparin market?

A: Driven by the vast prevalence of deep vein thrombosis (DVT) and pulmonary embolism (PE) in the U.S., North America is currently the leading market for unfractionated heparin. As much as 50% patients of DVT and PE develop secondary conditions and one-third have carry the risk of recurrence of the condition. 

Europe ranks as the second-leading market for unfractionated heparin. A large geriatric population that requires dialysis and increasing incidence of coagulation disorders are factors behind the growth of Europe unfractionated heparin market.

Technological Advancements to Support Global Artificial Limbs Market

With the increasing incidence of road accidents, sports injuries, and genetic diseases, the market for artificial limbs is witnessing a tremendous rise across the world. Technological advancements in mechanical devices that offer assistance to individuals with amputation in performing everyday-duties are also supporting the growth of this market substantially and are likely to continue doing this in the years to come. Transparency Market Research (TMR) states that the opportunity in the global market is increasing at a healthy CAGR of 5.70% between 2017 and 2025, expanding from US$1.7 bn in 2016 to US$2.86 bn by the end of 2025.

Analysts at TMR are answering some of the important queries regarding the global artificial limbs market in this blog post:

Which is the most favored product in the global artificial limbs market?

The key products available in the global artificial limbs market are lower extremity prosthetics, upper extremity prosthetics, liners, and sockets. Among these, the demand for lower extremity prosthetics is comparatively higher and is expected to remain so over the forthcoming years, thanks to the increasing prevalence of vascular diseases and the augmenting number of road accidents across the world.

Which of the regional markets will acquire the leading position in future?

The market reports its spread across Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. North America, among these, has been leading the global market, thanks to the high disposable income of consumers. The early adoption of technologies in this region has also supported the growth of the North America market for artificial limbs significantly. Over the coming years, the increasing awareness among people is likely to support this regional market in maintaining its dominance.

What are the main strategies adopted by the leading players in this market?

The leading companies in this market, such as Ă–ssur, Ohio Willow Wood Co., PROTEOR, and Liberating Technologies, are emphasizing on expanding their regional boundaries to gain an edge over their competitors. 

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