Medical Devices Industry

  Outdoor Solar LED Industry Overview The global outdoor solar LED market size to be valued at USD 24.75 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 24.6% during the forecast period. The growing popularity of LEDs for outdoor light settings, specifically in street light applications owing to improved quality and efficiency, is one of the key factors contributing to market growth. The increasing adoption of solar as a source of renewable energy for lighting purposes across countries is also likely to act as a catalyst for market growth. The rise in implementation of several smart city development plans is also likely to drive the adoption of outdoor solar LED products, creating opportunities for vendors in this space. Growing urbanization and soaring vehicular traffic have led to a rise in the number of road infrastructure and smart city projects being implemented across countries such as the U.S., the U.K., Germany, China, and India. As a pa...

  Buttock Augmentation Industry Overview The global buttock augmentation market size was estimated at USD 1.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 22.0% from 2021 to 2028. Buttock implants are cosmetic surgical procedures that are done to contour or enhance the shape and size of the butt. This can be achieved through surgical implants that include placing silicone implants under gluteal tissue, with fat grafting in which, the fat is taken from another body area through liposuction technology, such as the stomach, or thighs and re-injected into the butt for natural augmentation or through butt injections. Factors like increasing aesthetic awareness among the population, high social media influence, rising disposable income, and technological advancement in the field of aesthetics are the factors driving the market for buttock augmentation. Moreover, procedures like fat grafting have a high success rate, high satisfaction, and low com...

  Durable Medical Equipment Rental Industry Overview The global durable medical equipment rental market size was valued at USD 24.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. This growth can be attributed to the high demand for home care and the high costs of medical equipment as well as the increasing need to curb healthcare expenditure. The market is also driven by the increasing geriatric and disabled population, leading to rising demand for long-term care as well as personal mobility and safety devices. Rental services require short-term arrangements as compared to leasing and are much economical than buying. Benefits of rental services are immediate accessibility, flexible terms allowing extension options, little capital outlay, inclusive of service coverage (in some cases). These benefits of rental services are expected to fuel market growth. Gather more insights about the market drivers, restraints and grow...

  Asia Automotive Camshaft Industry Overview The Asia automotive camshaft market size was valued at USD 1.86 billion in 2020 and is expected to expand a compound annual growth rate (CAGR) of 3.0% from 2021 to 2028. Increasing sales of passenger cars and commercial vehicles, coupled with the increasing adoption of double overhead camshaft engines in passenger cars, are expected to drive the market growth over the forecast period. Moreover, stringent government regulations associated with carbon emission have forced automotive OEMs to adopt lightweight engines, which is anticipated to boost the product demand in the near future. Automotive engine manufacturers are increasing the number of valves in the engine to enhance the volumetric efficiency and power output of engines, which can be achieved using a double overhead camshaft. A double overhead camshaft incorporates four valves for each cylinder, two exhausts, and two intakes. The use of four valves per cylinder allows for a more...

  Magnetic Resonance Imaging Coils Industry Overview The global magnetic resonance imaging coils market size was valued at USD 7.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The increasing prevalence of chronic diseases such as neurological, cardiovascular, and cancer is expected to drive market growth. For instance, as per the World Health Organization (WHO), the burden of neurological disorders is expected to increase during the forecast period and will reach 6.8% of the total Disability-adjusted Life Years (DALYs) population in 2030 from 6.4% in 2015. This is expected to boost the demand for magnetic resonance imaging (MRI) machines for enhanced diagnosis, thus, expected to drive the market. Both the gradient as well as radiofrequency coils help in boosting the performance of MRI machines. The gradient coil generates additional magnetic fields within three dimensions x, y, and z. These additional fields superimp...

  Gutta-percha Industry Overview The global gutta-percha market size was valued at USD 182.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.77% from 2021 to 2027. The increasing prevalence of dental caries is anticipated to drive the market. Furthermore, the rise in public awareness pertaining to oral hygiene and advancement in techniques pertaining to canal obturation procedures are anticipated to boost the market growth. As per the Global Burden of Disease Study Report 2020, around 2.4 billion people globally are affected with dental caries of permanent teeth. According to the WHO, consumption of tobacco and alcohol and an unhealthy diet are among the few common causes of oral diseases globally. All these oral diseases require professional dental care, thereby acting as high impact-rendering factors for the growth of the dental gutta-percha market. Gather more insights about the market drivers, restrains and growth of the Global Gutta-pe...

  Filter Needles Industry Overview The global filter needles market size was valued at USD 1.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2027. The increasing number of road accidents across the globe is one of the major factors driving the market. The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market for filter needles. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn wounds. Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for the deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middl...