Eye Testing Equipment Industry IS Dominated by North America

Eye Testing Equipment Market

According to the report of P&S Intelligence, the size of the eye testing equipment market was USD 2,852.2 million in 2021, and it will increase to USD 5,246.1 million by 2030, powering at a rate of 7% in the years to come.

Glaucoma will have the fastest growth, at a rate of 8%, in the years to come, as this eye disorder is extremely predominant. In 2020, about 78 million people had glaucoma, and this will be approximately 110 million by 2040.

OCT and tonometry support in diagnosing glaucoma, that is the reason why the rising frequency of this illness will power the requirement for OCT devices and tonometers.

North America dominated the industry with around 35%, in the past. This has a lot to do with the widespread use of cutting-edge products in eye care services, along with the high spending on this feature of human health. By the way, the increasing elderly population and growing consciousness about eye care will drive the growth of the industry in the years to come.

APAC followed North America, and its industry will grow at a considerable rate in the years to come. This will be since of the increasing count of people with vision loss, which will pose a challenge to eye care providers, prompting them to obtain advanced equipment for diagnosis.

It is because of the advancement in the technology of ophthalmic diagnostics, the demand for eye testing equipment will be on the rise in the years to come.

Extracorporeal Membrane Oxygenation Machine Industry Growth and Future Scope

Extracorporeal membrane oxygenation (ECMO) includes pumping blood outside the body to a lung-heart machine, eliminating carbon dioxide and returning oxygen-rich blood to the body’s tissues. The heart-lung machine’s membrane oxygenator receives blood from the right portion of the heart, rewarms it, and then returns it to the body.

With the help of this technique, the lungs and heart can rest and recover since the blood may “bypass” them. When the lungs and heart require assistance so that you can recuperate, ECMO is utilized in critical care conditions. It can treat infections including ARDS, COVID-19, and others. The global extracorporeal membrane oxygenation machine market is on track to hitting $834.5 million value by 2030.

Who Is Eligible for ECMO Therapy?

For patients suffering from severe injury or infection, lung failure, cardiac arrest, or heart failure, doctors may advise ECMO. To keep a seriously sick patient stable while they make a diagnosis or begin therapy, doctors can employ ECMO. ECMO can maintain blood oxygenation and circulation for anyone awaiting a lung or heart transplant.

ECMO for Children and Babies

While children are recuperating from a life-threatening (though curable) condition, the ECMO machine can perform the functions of their heart and lungs. Your kid will be given sustenance during ECMO, comfort drugs, blood thinners to prevent blood clotting, and other supplies to help the blood flow via the ECMO machine.

Veno-Venous vs Veno-Arterial

A temporary mechanical aid that enables sustained cardiopulmonary support is called veno-venous ECMO (VV-ECMO). It is used in patients with respiratory failure that poses a life-threatening risk and is a development of the cardiopulmonary bypass system.

Even though this highly complicated approach has significant dangers, such as infection, hemorrhage, and thromboembolic events, it can nonetheless give pretty comprehensive breathing support. While traditional VV-ECMO circuits often use the cannulation of two vessels, it is now feasible to provide VV-ECMO assistance with only one cannula.

The most sophisticated temporary life support method, veno-arterial extracorporeal membrane oxygenation (VA-ECMO), is unique because it offers simultaneous gas exchange and instant, full hemodynamic support.

In addition, it is commonly used to treat people with pulmonary hypertension and thromboembolism, especially in sudden decompensation, resulting in the need for an extracorporeal membrane oxygenation device.

Burgeoning Medical Awareness of ECMO Devices

As more patients become aware of the advantages of cardiopulmonary aid for severe cardiac and respiratory disorders, the frequency of ECMO therapy acceptance will grow. The introduction of patient education initiatives on ECMO devices and their uses in developing nations like the Middle East and Asia has increased demand for these devices.

For example, the inaugural Abu Dhabi Trauma and ECMO conference was held in May 2022 and was organized by the Department of Health Abu Dhabi (DoH) to improve the standard of care for patients with trauma, lay out a plan for individuals who need ECMO, emphasize the value of trauma management and ECMO programs in the healthcare industry, and discuss the most recent applications and experiences.

North America is Dominating Rotator Cuff Injury Treatment Industry

Rotator Cuff Injury Treatment Market

In 2022, the rotator cuff injury treatment market was worth around USD 1,098.4 million, and it is projected to advance at a 5.1% CAGR from 2022 to 2030, hitting USD 1,633.5 million in 2030, as per P&S Intelligence.

This growth can be credited to the increasing frequency of shoulder injuries because of sports, technological advancements in arthroscopic surgery equipment, and snowballing osteoarthritis issues in the elderly populace.

In 2022, The surgical treatment category held the biggest revenue share, approximately 55%, and is projected to continue with the dominant till the end of the decade. Credited to the growing occurrence of rotator cuff injuries and the supportive therapeutic reimbursement for the surgery.

In 2022, North America led the industry by generating the largest revenue share, of approximately 45%. This can be credited to the increasing number of product launches, constant research and development, and commercialization of advanced treatments for rotator cuff injuries.

Furthermore, the snowballing subsidy and a number of partnerships between main businesses, a supportive regulatory environment for rotator cuff operations, along with favorable government guidelines for the sale of related goods fuels the industry. Furthermore, the considerable engagement in sports will enable the continent to continue with its dominance throughout the decade.

Hence, the increasing frequency of shoulder injuries because of sports, technological advancements in arthroscopic surgery equipment, and snowballing osteoarthritis issues in the elderly populace are the major factors contributing in the growth of the rotator cuff injury treatment market.

What Are Two Ways Stomas Are Created and How to Care for Them?

Stoma Care Market

A stoma is an opening in your abdomen that permits waste to remove from your body, rather than going via your digestive system. They’re utilized when part of your bladder or bowels either requires to heal or be detached.

To make a stoma, your surgeon will pull part of your large or small intestine onto the surface of your skin and stitch it onto an opening in your abdomen. The intestine ends and drains waste into an ostomy appliance, which is a bag attached to your stoma. Stomas are generally red, round, and moist, and they measure about 1 or 3 inches wide.

Numerous individuals use the terms “ostomy” and “stoma” interchangeably, but they do have a little different meaning:

An ostomy denotes the real opening in your abdomen.

A stoma denotes the end of the intestine that’s stitched into the ostomy.

Ostomies can be temporary and permanent. If you have an organ that is enduringly damaged, you’ll likely require a permanent one. However, if part of your intestine just requires to heal for a while, you may have a temporary ostomy.

The stoma care market is experiencing growth and is projected to reach USD 3,882.1 million by 2030.

What are the different types?

There are numerous kinds of stoma, reliant on the process utilized to create them:

Colostomy- A stoma is made with part of your colon, also called your large intestine, to avoid your rectum. In some cases, you may have the minor part of your colon removed, directing to a permanent stoma. A colostomy can also be impermanent if your colon is just required to heal. You may require a colostomy if you have rectal or colon cancer, a colon wound, or a blockage in your colon.

Urostomy- Your medic will make a bag using your small intestine. They’ll attach your ureters to this bag so that urine can gutter outside of your body without passing via your bladder. You may require a urostomy if your bladder is unhealthy or injured.

What kind of care is involved?

Your ostomy appliance comprises a bag that your stoma pipes into. Liable on the kind of bag you have, you’ll require to change it every four to seven days. When you change the bag, clean the skin around your stoma with mild warm water and let it dry totally. You don’t require to utilize soap, but if you do, make sure it’s very light and odorless, While the bag is detached, look for any signs of blood, irritation, or variations in the size and color of your stoma.

Colostomy surgery is leading the industry, based on surgery-type segmentation. This can be ascribed to the increasing occurrence of colon cancer and the growing number of colostomy methods.

For example, as per the United Ostomy Associations of America, around 100,000 ostomy operations are done in the U.S. annually.

Hence, the rising aging populace, the mounting board population of people suffering from inflammatory bowel illnesses and bladder and colorectal cancers, improved technology, the growing number of stoma and ostomy operations of the intestine, and fascinating reimbursement systems in developed countries are the major factors driving the market.

North America is Dominating Closed System Transfer Devices Industry

Closed System Transfer Devices Market

The global closed system transfer devices market will touch USD 3,516 million by 2030, advancing at a CAGR of 15.20% during 2022–2030.

This growth can be credited to the growing need for CSTDs to confront the damaging effects of medications including antineoplastic or cytotoxic agents utilized to treat cancer, hormone agents, bioengineered drugs, and hormone agents.

Oncology drugs are the most vital extents of attention for pharmaceutical businesses globally. With new advancements in the field of the drug, there will be more treatment choices existing and more safety problems will come with every new drug.

The hospitals & clinics category, generated the highest revenue share, based on the end users. This is because of the presence of a vast populace base of cancer patients, who are being cured and treated by a huge count of clinics and hospitals. Because of a high count of cancer cases and healthcare amenities, the count of healthcare employees who are at work directly in contact with dangerous medications is quite high.

North America had the largest market share in 2022, because of the snowballing knowledge of healthcare employees regarding harmful drugs and their impacts, and the existence of key players who are making these devices in the continent. In North America, the U.S. generates a higher revenue share, credited to the huge number of cancer cases in the nation.

Hence, the growing need for CSTDs to confront the damaging effects of medications including antineoplastic or cytotoxic agents utilized to treat cancer, hormone agents, bioengineered drugs, and hormone agents, these are the major factors contributing in the growth of the closed system transfer devices market.

Liquid Handling System Industry to Observe Fastest Growth In Asia-Pacific

Liquid Handling System Market

In 2022, the liquid handling system market was USD 4,692 million, and it is expected to reach a value of USD 6,521 million growing at a rate of 4.20%, by 2030 as told in a report by P&S Intelligence.

This growth is credited to the developing life science industry, increasing investment to develop efficient and innovative therapeutic agents by various companies, and the growing incidence of chronic diseases.

Furthermore, the demand for these products has increased considerably due to the outbreak of the COVID-19. These systems were used in all sorts of laboratory work during the testing of samples for the virus.

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India and China, are offering opportunities to various life science companies and drug manufacturers. For example, Pfizer Inc. set up a research and development center at the Indian Institute of Technology Madras, to enhance pharmaceutical research in India.

Significant demand is expected for automated systems in the near future. These variants offer accurate dispensing and decrease the requirement for manpower.

Pipettes held the largest liquid handling system market share, of over 21%, in 2022, and it will remain like this in the years to come. This is because of the production of advanced pipettes and the increasing number of pipette calibration service providers.

In 2022 liquid handling systems held a major share as these systems are frequently used in drug making. Over 20,000 drugs will be launched in the years to come. These systems are crucial at every stage of the drug development process.

Liquid handling systems are used in research activities for toxicity screening, drug screening, forensic testing, biopharma production, tissue engineering, and drug discovery and development. The key driving factor in the industry is the government’s involvement in making a more organized life science industry.

The growing number of mergers and acquisitions is a key trend in the industry. The reason behind this is to increase product portfolios for the company, geographical expansion, achieving a larger customer base, and the profit share.

North America accounted for the largest share in 2022, at approximately 36%. This is credited to the increasing merger & acquisition between biotechnology companies. Furthermore, to develop effective therapies various companies are investing in the consumer healthcare business.

APAC will grow the fastest, at a rate of over 5.1%, in the years to come, owing to the rising investments in biotechnology.

China held the largest share in 2022, and it will advance significantly in the coming years. This is mainly credited to the number of research and development activities taking place in the life sciences industry.

Due to the developing life science industries, growing investment to develop effective and innovative therapeutic agents by companies, and rising incidence of chronic diseases, the demand for liquid handling system will grow considerably in the coming years.

Mineral Supplements Market Has the Largest Share in Asia-Pacific

Mineral Supplements Market

It is stated by an expert at a market research institution, P&S Intelligence, the total revenue generated by the mineral supplements market will reach USD 21 billion by 2030, powering at a rate of 5.3% in the years to come.

This has a lot to do with the increasing acceptance of these products for reducing the probability of a number of chronic diseases, such as osteoporosis, anemia, and cancer.

Calcium had the largest share of revenue, of over 26%, in the recent past. This is due to the increasing cases of osteoporosis globally, mostly in the elderly population and women.

Furthermore, the introduction of innovative calcium-based tablets by pharma companies is resulting in enhanced demand for them globally.

Potassium will have the fastest growth in the years to come, because of the growing consciousness concerning the benefits of this nutrient, like the formation of a fluid balance in the body, smooth muscle tightening, and continuous transmission of nerve impulses.

Tablets dominated the mineral supplements market, on the basis of their formulation. This is because tablets are a perfect form of dosage, lucrative, easily obtainable, and have an extended shelf life.

The liquid category will grow the fastest in the years to come, the main reason for this is due to the increasing requirement for liquid supplements, easily absorbed and have greater bioavailability.

Adult women dominated the industry, mainly attributable to the strong necessity for potassium, zinc, and calcium among women throughout the prenatal and postnatal phases. Also, for reducing the danger of any abnormality in babies, the intake of these is necessary for mothers.

Likewise, the hectic work schedules and altering lifestyles of working women are creating an imbalance of nutrients, which will increase the consumption of added minerals. Furthermore, the growing prevalence of diabetes, obesity, and CVDs amongst adult women globally is powering the industry.

APAC had the largest share of above 50%, mostly credited to the growing occurrence of chronic diseases and the presence of numerous stalwarts. Also, the advent of contract manufacturing firms in the Philippines, India, and China, will offer substantial predictions for the advancement of the region.

Furthermore, the speedily increasing disposable income and strengthening emphasis on adopting a healthy lifestyle are leading to a surge in the industry.

In addition, the mounting count of fitness centers, health clubs, and gyms, accompanied by the surging consciousness about fitness amongst youngsters will power the demand for these products.

It is because of the growing implementation of preventive healthcare practices all over the world, the demand for mineral supplements will grow even more in the years to come.

Why Is Diagnostic Imaging System Usage Rising in Cardiology Departments?

Diagnostic Imaging Systems

According to the International Diabetes Federation (IDF) Diabetes Atlas Ninth edition 2019, approximately 700 million people within the age group of 20–79 years will be living with diabetes by 2045. The report also says that around 374 million people are at an increased risk of developing type 2 diabetes. Furthermore, the World Health Organization (WHO) states that cancer caused around 10 million deaths in 2020. The WHO also forecasts that by 2030, cardiovascular diseases (CVDs) related deaths will rise over 23.6 million. The increasing incidence of such chronic diseases is augmenting the need for diagnostic imaging systems.

As these diseases are highly prevalent among the elderly population, the booming geriatric population will fuel the diagnostic imaging systems market at a CAGR of 5.8% during 2020–2030. The market was valued at $38.9 billion in 2019 and it is projected to reach a revenue of $70.0 billion by 2030. As per the World Population Ageing 2019 report published by the United Nations (UN), the population of people aged 65 years or above will grow to 1.5 billion by 2050. Old people require extensive care, as they are highly susceptible to chronic illnesses, owing to their low immunity levels.

Owing to the burgeoning need for diagnostic imaging systems, companies such as Shenzhen Mindray Bio-Medical Electronics Co. Ltd., General Electric Company, Samsung Electronics Co. Ltd., Canon Inc., Esaote S.p.A., Siemens AG, Analogic Corporation, Carestream Health Inc., and FUJIFILM Holdings Corporation are focusing on introducing advanced products that provide high-quality imaging in healthcare units and quick and accurate results to patients. For instance, in December 2019, Shenzhen Mindray Bio-Medical Electronics Co. Ltd. introduced a comprehensive and dedicated solution to ultrasound imaging— DC-90 with X-Insight. This system assists in improving the diagnostic capabilities and enhancing the clinical workflow.

Currently, diagnostic imaging systems manufacturers are focusing on producing X-ray imaging systems, owing to the extensive use of these systems in various medical application areas, such as dentistry, orthopedics, and cardiology. Whereas, in the coming years, manufacturers will be selling nuclear imaging systems at a rapid pace, due to the surging cases of cancer. These systems are being increasingly adopted for cancer staging and treatment. Additionally, manufacturers are also involved in the production of ultrasound systems, computed tomography (CT) scanners, and magnetic resonance imaging (MRI) systems.

Different types of diagnostic imaging systems are used in application areas such as cardiology, obstetrics/gynecology (OB/GYN), oncology, ophthalmology, neurology, dentistry, urology, and orthopedics. In the coming years, these systems will be mostly used in the field of cardiology, owing to the high prevalence of CVDs worldwide. According to the WHO, CVDs account for over 17.9 million deaths every year, globally. The surging cases of CVDs can be owed to the risk factors such as diabetes, hypertension, obesity, and smoking.

According to P&S Intelligence, North America dominated the diagnostic imaging systems market in the recent past, due to the surging incidence of chronic disorders and soaring healthcare expenditure in the region. Moreover, the presence of a large number of modern diagnostic centers and hospitals also augmented the use of such systems in North America. Whereas, Asia-Pacific is expected to adopt these systems at the highest rate in the foreseeable future. This can be ascribed to the rising prevalence of chronic ailments and the booming number of diagnostic imaging centers across the region.

Thus, the escalating cases of chronic diseases and booming geriatric population will augment the need for diagnostic imaging systems in the coming years.

Disposable Plastic Blood Bag Industry Insights, Leading Players and Forecast Report 2030

Disposable Plastic Blood Bags Market

The disposable plastic blood bags market will power at a rate of 6.1% in the years to come, to touch USD 530.0 million by 2030. Not just blood, they support in the in the separation of white blood cells, plasma, red blood cells, platelets, and cryoprecipitate, for treatment of numerous disorders, which is the main reason of their increasing sales all over the world.

Single disposable plastic blood bag was the most used alternative in the past. This has a lot to do with the increase in the number of transfusion procedures, increase in the cases of trauma and accidents, and increase in the incidence of numerous hematologic illnesses.

Hospitals mad the most use of these bags, with a share of over 60% in the past. These come good for collection of blood and transfusion in hospitals as a result of their numerous useful qualities and biocompatibility characteristics.

The requirement for blood supply in hospitals has augmented as a result of the increasing prevalence of chronic ailments, for example cancer, and the increasing volume of surgical procedures.

These factors have a lot to do with healthcare industry expansion and the increase in the hospital and health clinic count. The bags provide a safe environment for the transportation and storage of blood and its components.

Disposable plastic blood bags are majorly sold with the help of tender-based channel. Producers’ strategies must comprise sales with the help of tenders in the healthcare industry.

With the support of a competitive bidding procedure, a tender comes good in the bulk obtaining of services and products.

Tender-based procurements are often used for the purpose of reducing the cost through the entire journey of the contract. As a result of the price competition, the acceptance of this technique for lowering the cost would go up significantly.

Apart from decreasing the inadequacies brought on by segmented distribution systems, it often produces economies of scale.

North American disposable plastic blood bags market will continue to be the regional leader in the years to come. The increasing use of hematological and pathological tests, along with the high prevalence of chronic ailments, offers lucrative growth prospects.

Also, the existence of a well-resourced healthcare infra, snowballing donation activities, and attempts of the government for promoting the usage of these bags for preventing HAI, which are a key risk with glass bottles of blood, impact the growth in a positive manner.

There is a sharp rise in the elderly population all over the world, and because of this, the demand for disposable plastic blood bags will be impacted in a positive manner.

The Brain, Head, and Neck Category To Observe Fastest Growth In The MRI Systems Industry

MRI Systems Market

As per a report by P&S Intelligence, the MRI systems market generated a value of USD 8,924 million in 2022, and it will reach USD 14,880 million, growing at a 6.60% compound annual growth rate, by 2030.

The growth in the industry is credited to the increasing consciousness of the early diagnosis of diseases, growing support from the government for MRI, the mounting elderly population, the rising incidence of chronic illnesses, and advancements in technology in magnetic resonance imaging.

The constant research and development have enabled the production of advanced magnetic resonance imaging systems in the past few years, which have improved output, test times, and image quality. Some of the main developments in this field are hybrid MRIs and MRI-compatible devices.

Based on architecture, in 2022, the closed MRI category accounted for the larger share, at approximately 78%. This is credited to the fact that closed MRIs provide more-accurate scans of a higher resolution compared to open MRIs.

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Based on type, the mobile category will advance at a higher growth rate, of 7.2%, in the years to come. This is credited to the fact that portable variants require lesser pre-installation expenses and decrease the travel requirements for patients.

Based on field strength, the high category will continue to be dominant, with a significant share by 2030. This is attributed to the high accuracy, spatial resolution, and efficiency advantages of high-field-strength MRI machines.

Based on application, the brain, head, and neck category will observe the fastest growth in the MRI systems market, with a growth rate of 7%, in the years to come. This is ascribed to the increasing prevalence of traumatic brain and neck injuries across the world.

In 2022, hospitals and clinics accounted for the largest share, of approximately 81%, in the industry. This is primarily ascribed to the large number of patients that visits hospitals and clinics for medical care.

The support for magnetic resonance imaging is increasing as governments all over the world are offering financial support to increase the implementation of these scanners in healthcare settings.

In 2022, the North American MRI system industry accounted for the largest share, at 38%. The high healthcare expenses and developed healthcare facilities are the main factors driving the regional industry growth. Furthermore, the increasing elderly population in North America is boosting the requirement for diagnostic imaging.

Hence, with the increasing consciousness of early diagnosis of diseases, advancement of technology in magnetic resonance imaging, and the increasing support for MRI from the government globally, the MRI systems industry will continue to grow in the years to come.