Medical Devices Industry

  Process Spectroscopy Industry Overview The global process spectroscopy market size was valued at USD 17.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.09% from 2022 to 2030. The total number of shipments was 691,500 units in 2021 which is expected to reach 1,361,573 units by 2030. The rising focus on matching the international standards for meeting the quality across the industries and increasing developments of handheld and portable instruments has contributed to the market growth across the globe. The market is expected to expand owing to the ability of spectrometers to analyze, monitor, and control processes along with identifying defects in the product materials and enhancing the quality of the product. Process spectroscopy is a technique involving the application of spectroscopy which include studying the interaction between matter and electromagnetic radiation. The notable market growth can be accredited to the increasing adoptio...

  Personal Mobility Devices Industry Overview The global personal mobility devices market size was valued at USD 14.9 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The market has witnessed a decline in 2020 during the COVID-19 pandemic due to the disrupted transportation of the devices. An increasing population, growing product development, and a rising number of accidents causing disabilities are some of the key factors driving the market for personal mobility devices. The rising geriatric population and cases of chronic diseases across the globe are the major factors contributing to market growth. The COVID-19 pandemic negatively affected the global market as the demand and production of personal mobility devices were decreased and revenues of key players took a hit owing to the pandemic. For instance, the annual revenue of Invacare fell by 8.3% in 2020. However, the implementation of proactive steps and policies...

  Calendered Polyvinyl Chloride Flexible Films Industry Overview The global calendered polyvinyl chloride flexible films market size was valued at USD 16.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Factors, such as increasing global demand from the building & construction industry and the surging demand for calendered polyvinyl chloride (PVC) flexible films in food and beverage packaging applications are anticipated to fuel the growth of this market across the globe. Calendered polyvinyl chloride flexible films are used across various end-use industries owing to their lightweight, sturdiness, and abrasion resistance. Moreover, they are resistant to all inorganic chemicals and can withstand extreme climatic conditions, and are corrosion-free. According to a report published by the New Plastics Economy Global Commitment, approximately 60% of the signatory group (players committed in the aforementioned program), ...

  Endodontic Devices Industry Overview The global endodontic devices market size was valued at USD 1.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. An increase in the prevalence of dental caries, high expenditure on dental care, and a rise in out-of-pocket expenditure are some of the major factors driving the market growth. Increasing demand for rotary instruments, improved reimbursement scenario, rising dental tourism, and infrastructural improvements are likely to support the market growth during the forecast period. In addition, the growing investments by key players, such as Danaher and Dentsply Sirona, for geographical expansion are expected to further boost the market growth. According to the Centers for Medicare & Medicaid Services report in 2020, the total healthcare spending in the U.S. has increased to around USD 3.8 trillion. However, the total dental expenditures have declined from 4.5% to 3.7% from ...

  Orthopedic Braces And Supports Industry Overview The global orthopedic braces and supports market size was valued at USD 4.06 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Increasing product and technological developments, geriatric population, the prevalence of chronic and acute conditions, and initiatives by major companies are some of the key drivers of this market. For instance, in February 2021, BREG, Inc. launched Pinnacle and Ascend lines of orthopedic braces comprising of 15 products for patients with spinal injuries. With this, the company expanded its portfolio in manufacturing every major orthopedic bracing category, including walker boots, upper and lower extremity braces, and cold therapy devices. The COVID-19 pandemic adversely impacted the orthopedic braces and supports market in 2020 with low demand and sales. The bracing & support market is largely driven by surgeries, injuries, and access...

  Bed Head Panel Industry Overview The global bed head panel market size was valued at USD 2.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030. Increasing government initiatives, a rising geriatric population, and a high prevalence of chronic diseases are anticipated to drive the growth of the market during the forecast period. Furthermore, growing research and development activities to develop advanced bed head panel has been the area focus of manufacturers across the globe. This is further expected to lead the market during the forecast period. An increase in hospitalization rates as a result of the COVID -19 pandemic is an additional major factor driving the market. Due to the significant outbreak of this infectious disease, there has been a global demand for modern healthcare services and infrastructure to treat infected patients that have never been seen before. Therefore, bed head panels, which are an important asp...

  Coronary Stents Industry Overview The global coronary stents market size was estimated at USD 8.8 billion in 2021 and is expected to witness a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030. An aging population and a rising prevalence of risk factors such as cardiovascular diseases (CVDs), complex lesions, diabetes, obesity, and others are expected to drive demand for coronary stents over the forecast period. According to the WHO, in 2019, CVDs were among the major causes of mortality worldwide. In 2019, an estimated 17.9 million people died from CVDs, responsible for 32% of all worldwide mortalities. Furthermore, according to research published in the National Library of Medicine in June 2021, one of the CVDs, coronary artery disease (CAD), causes roughly 610,000 fatalities yearly (an estimated 1 in 4 deaths) and is the major cause of mortality in the US.  As a result, the unprecedented rise in CAD incidence is predicted to boost demand for an effective coro...