Thursday, November 15, 2018

Global Surgical Robots Devices Industry Booming Demand by Top Regions and Major Segments Till 2023



Global Surgical Robots Devices Market Segmentation:
Robotic surgery has advantages over traditional open surgeries such as greater precision, miniaturization, less pain, smaller incisions and scars, low blood loss, and quicker healing time. Another benefit is greater articulation due to better manipulation resulting in improved ergonomics.
The system is criticized for its steep learning curve and for its lack of studies indicating superiority over traditional surgeries. Another serious disadvantage has been the high cost of the surgical robots. Surgical robots may cost close to 1.5 million USD with the cost of disposable supply exceeding 1000 USD per procedure. All these factors may hinder the growth of this market in the near future.

Global Surgical Robots Market - Competitive Analysis
The Surgical Robots Market has turned into a critical factor in the Global Healthcare industry. With the changing technology robotic surgery is also arriving with innovative technology for various surgeries. Many companies are entering this market with their innovative products and ongoing technology. Through extensive research it is found out that the market players are receiving approvals for the various devices in the Surgical Robots market. The key players involved in this approvals are Intuitive Surgical, Stryker, Mazor Robotics and Medtech SA. Many companies are getting clearance for their requests which makes it the key development.
Stryker one of the largest medical technology companies in the world headquarters in US. In 2013, Stryker has acquired MAKO Surgical Corp., a pioneer in the advancement of robotic arm assisted surgery in orthopaedics. Stryker has got the FDA approval for MAKO total knee application in 2016.

Intuitive Surgical, Inc manufacturer of world class robotic surgical systems. da Vinci Surgical System is the most preferred system. Recently in 2017, this company has got approval for new da Vinci X Surgical System which will provides lower-cost, robotic-assisted surgical option for hospitals, surgeons.
Mazor Robotics is a medical device company and manufacturer of a robotic guidance system for spine surgery. In 2017, Mazor Robotics got FDA approval for its Mazor X Align software which will help Mazor Robotics to align leverage Mazor Robotics’ extensive experience in pre-operative planning, image processing, computerized anatomy recognition, and registration of different imaging modalities
Intuitive Surgical Inc., Medtronic plc, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, and Hansen Medical are some of the prominent players at the forefront of competition in the Global Surgical Robots Market and are profiled in MRFR Analysis.

Global Surgical Robots Market - Regional Analysis
America region is currently dominates the market of surgical robots in the healthcare industry. The high growth in this region is attributed to the factors such as rising financial capability of hospitals to invest in these systems, strategic collaboration with assurance companies, rising patient acceptance for the use of surgical robots in the procedures owing to superior healthcare outcomes, and general awareness about computer-assisted surgeries. U.S. accounts the largest share in Americas Surgical Robots Market. The market is growing due to large acceptance of these robots in surgeries. For instance, with the help of Da Vinci system, total 563,000 procedures are performed in U.S. in 2016, of which 44% was in gynaecology, 33% was in general surgery, and 19% was in urology.
European Market currently holds the second largest market share of surgical robots industry. The market is growing in this region is attributed to the factors such as increasing need for automation in the healthcare sector and growing demand for minimally-invasive surgeries or unmanned surgery and miniature robotics has spurred the growth of Surgical Robots in this market. Moreover, a rise in incidences of colorectal cancer, neurological disorders, and gynaecological diseases is expected to boost the adoption of robotic surgical systems in European countries.

On the other hand, Asia Pacific region is relatively slow in implementing the use of surgical robots in the healthcare sector. Healthcare industry is rapidly shifting to Asia Pacific from other regions such as Americas and Europe. The major factors for this includes, constantly expanding population base along with the cost advantage, the emergence of high-quality and better healthcare infrastructure and institutions in these countries and growing private funds and government initiatives in the region.


Major Table of Contents:
1 REPORT PROLOGUE
1.1INTRODUCTION
2 MARKET INTRODUCTION
2.1 INTRODUCTION
2.2 SCOPE OF STUDY
2.3 RESEARCH OBJECTIVE
2.4 ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
2.5 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
TOC Continued….!

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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mHealth Market is expected to grow at 36.5% CAGR (2016-2022)


Mobile The global mHealth market is projected to reach USD 21.71 billion by 2022, growing at a CAGR of 35.65% during the forecast period.
mHealth Market is segmented by devices, services, technology and applications. The device segment is sub segmented into blood glucose meters, BP monitors, pulse oximetry, neurological monitoring, wearable fitness sensor device, heart rate meters and others. The services segment is sub segmented into diagnosis, monitoring, prevention, treatment, and others. The application segment is sub segmented into cardiovascular, respiratory, neurological, genetic diseases and others.
The largest players in the mHealth market are Apple, AT&T, AirStrip, Boston Scientific, CardioNet, Athena health, Sanofi, Fitbit, Telcare, Zephyr Technology and others.


Mobile health or mHealth is the practice use of mobile devices for the purpose of health services, information, and data collection. mHealth has emerged as a booming field due to advancements in the use of information and communication technology (ICT), for health services and information. mHealth applications include the use of mobile devices such as mobile phones, tablet computers and wearable devices such as smart watches, in collecting health data, delivery of healthcare information, real-time monitoring, and direct provision of care via mobile telemedicine.

The factors constraining the market are low mobile and network coverage in developing and poorer regions of the world, lower accuracy, poor penetration of smart devices, nascent technology in underdeveloped economies, limited reimbursement, lack of technological awareness among the ageing population, concerns over information security and privacy and others.
A careful analysis of the factors reveals the following;
  • Poor network coverage and quality represent the most critical factor restraining the market
  • Technological development in the mobile device and information management systems represent the critical opportunity factor for the market
  • Growing mobile device affordability and awareness are the critical driving factors behind the market growth. According to Pew research, 78% of adults under 30 own a laptop or desktop computer, compared with 88% in 2010. Smartphone ownership is very high at 86% of in 2015 in the age group of 18- to 29-year-olds.
Regional outlook
While mHealth grew out of industrialized nations, the field has shifted in favour of the developing countries, stemming from the rapid rise of mobile phone penetration in low-income nations. For example, in a study conducted by Pew research in contrast to a median of 45% across emerging and developing countries reported using the internet occasionally in 2013, the number in 2015, rose to a whopping 54%. The largest growth has been reported from large emerging economies such as Malaysia, Brazil and China. The comparative figures in 2015 was 87% for advanced economies such as U.S. and Canada, major Western European nations, Australia, Japan etc.
Another example can be seen in the falling divide for smartphone ownership between developing and developed economies. Smartphone ownership rates in emerging and developing nations climbed from a median of 21% in 2013 to an eye watering 37% in 2015. There also is an effect of the demographic dividend that is paying well for the market as in nearly every country, millennials are much more likely to be internet and smartphone users compared with those ages 35 and older. Other findings reveal that smartphone ownership rates have skyrocketed in many countries since 2013. This includes increases of over 25 percentage points among the economies of Turkey, Malaysia, Chile and Brazil.
In several emerging and developing countries, more people have access to the internet and are also using it more frequently. In 12 emerging nations surveyed in 2014 and 2015, there were significant increases in the share of adult internet users who say they access the internet several times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13). Thus developing region nations are likely to be the leaders in mHealth market in the near future.
However Africa remains a dark continent for the mhealth market due to its poor socio economic conditions. The countries with the least smartphone ownership rates are Tanzania (11%), Uganda (4%) and Ethiopia (4%).
Social issues
Gender gaps and digital divide are raging issues that have been not analysed to the degree they demand. Men are more likely than women to use the internet and these differences are especially stark in African nations. Large gender gaps also appear on smartphone ownership with men being more likely to own a smartphone in many countries, in developing regions. The applications of mHealth also reflect the social reality. mHealth is restricted to dissemination of information, whereas the developed world is moving towards connected healthcare and big data applications.
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Global Wearable Sensors Market is Expected to grow with a CAGR of 46.6%

Wearable Sensors Market Highlights:
The Global Wearable Sensors Devices Market is majorly driven by increasing prevalence of diseases like diabetes, obesity and other heart diseases. Motion sensors are the widely used type of wearable devices. A motion sensor is a device that can sense physical movement and used in the fitness activity. Increasing geriatric population across the globe has led to increase the incidents of heart disease. Additionally, advantages such as continuous monitoring, increasing government support, and increasing healthcare expenditure have fuelled the growth of the market during the forecast period.

Wearable Sensors can be used in different sports and occasion. Wearable devices are gaining attention in research activities. With the miniaturization model and falling prices, more number of sensors are expected to be in use in the forecast period. Increasing adoption of different type of wearable devices in healthcare and fitness is one of the major drivers of this market. These sensors are used in many of the different devices like watch, smart phones, VR headsets, jewellery and many more. The key factor for the growth of the market is small size, easy of handling and low cost.

Race to find the cost-effective alternatives has increases the competition between manufacturers and is the key challenge for them. High cost of wearable products and regulatory issues may slow the growth of the market during the forecast period.


Competitive Analysis

A number of companies are involved in the manufacturing of the Wearable Sensors. The companies have adopted the organic strategy of product launch and acquisition to gain the market. Many companies are operating in the market, however, the major companies dominated the major share in the market due to well-developed brand identity. Some major companies are focusing on development of new and advanced products to gain the market share. Whereas, some are has used the technique of acquisition and collaboration to gain the market.

Key Players:

Some of the key players in Wearable Sensors devices market are:  InvenSense, Inc. (U.S.), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), KIONIX, INC. (ROHM Co., Ltd.) (U.S.), Measurement Specialties, Inc. (U.S.), Analog Devices, Inc. (U.S.), ZOLL Medical Corporation (Asahi Kasei Corporation) (U.S.), Freescale Semiconductor, Inc. (U.S.), Infineon Technologies AG (Germany). and many more.

Latest Industry Updates

Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-
Oct 2014, Medtronic Inc. announced the U.S. launch of the SEEQ Mobile Cardiac Telemetry (MCT) System, which is used in the monitoring of the cardiac diseases. Additionally, in June 2014, the company has completed the acquisition of Corventis Inc.
March 2017, Breg, Inc., manufactures and markets sports medicine products and services for orthopedic patient care. The company also offers workflow management software for durable medical equipment, prosthetics, orthotics, and supplies. The company launched Breg Flex the first mobile health solutuion design to facilitate and improve patients’ at-home recovery following orthopedic surgery
March 2017, PAREXEL International Corporation, a leading global biopharmaceutical services provider, announced the launch of patient sensor solution to transform clinical trial data collection.


Regional Analysis

Regionally, the global Wearable Sensors devices market is segmented into: America, Europe, Asia Pacific, and the Middle East & Africa.
The Americas holds a significant market share of the global market owing to the presence of huge diabetic & obese population, and increasing prevalence of cardiovascular diseases. According to the World Health Organization, in 2015, 9.3% of total America population is suffering from diabetes. Additionally, during last few years there is a significant increase in the adoption of the automation which has helped in the growth of the market. Europe accounts for the second largest market in the globe due to a high patient population, high healthcare expenditure and string government support for research & development. Asia Pacific is expecting the fastest growth for the market owing to the presence of the huge opportunity for the growth of the market and increasing diabetic population. The Middle East & Africa holds the least share in the market owing to the presence of the poor economic conditions Africa. Gulf nations: Saudi Arabia and the UAE drives the Middle East & African market due to the well-developed healthcare sector and huge per capita income of the people.

Major TOC of Wearable Sensors Devices Market:

1 Research Scope and Methodology
1.1 Market Definition 12
1.2 Market Breakdown By Type, Application And End Users 12
1.3 Market Breakdown By Geography 13
1.4 Research Methodology And Sources 13
2 Executive summary
2.1 Key Findings 15
2.2 Research Summary 15
3 Market Outlook
3.1 Introduction 17
3.2 Wearable Sensors By Type 17
3.3 Wearable Sensors By Application 21
3.4 Wearable Sensors By End User 23
3.5 Trends In The Market 25
3.6 Opportunities In The Market 26
3.7 Factors Driving The Market And Its Impact On Market Forecast 27
3.8 Factors Hindering The Market And Its Impact On Market Forecast 29
TOC Continued….!

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5 Brazil Medical Devices Market by Technology & End-User - 2023 | Market Research Future

Brazil Medical Devices Market Research Report -:

Today, people judge how good, or bad the medical facilities in a region or a particular hospital are, on the basis of what kind of advanced medical devices are available in that hospital. Some hospitals justify expensive medical treatments as they want money to maintain all the sophisticated devices and big machines that they use for medical diagnosis and treatment.

Today, the market for medical devices is rising due to various factors including advancements in connectivity and processing power of devices, cloud integration, demand for early detection and noninvasive therapies (like those for cancer), development of stronger biocompatible materials growth of healthcare mobile applications, growing awareness and spread of information technology (IT). When devices like injections and stethoscope entered the world of medical sciences, their roles were limited. Science made progress, and today there are various kinds of machines that are integral to medical sciences. Due to the falling cost of production, some medical devices are available today at nominal prices. Their usage can also boost the Brazil medical devices market.

Market Research Future (MRFR) has published a research report about the Brazil medical devices market that adumbrates massive growth during the forecast period between 2017 and 2023, with a CAGR (Compound Annual Growth Rate) of 9%. In terms of cash, it is expected to grow from the current US $ 1100 mn to US $ 1844 mn by the end of the forecast period. In this report, the Brazil medical devices market has been segmented on the basis of end users, product type, and therapeutic application. Based on end-users, this market has been segmented into ambulatory, homes, and hospitals. Based on product types, the market has been segmented into automation, bioimplants, diagnostic devices, drug delivery devices, molecular diagnostic devices, monitoring devices, robotics, surgical devices, and stimulation devices, and others.
Being the largest economy in South America, Brazil has its healthcare sector divided into public and private. Local manufacturing is limited to consumables and ordinary articles and there are a handful of high tech devices manufacturers.

Key Players

The key players of Brazil medical devices market include Baxter International (USA), Boston Scientific Corporation (USA), Cardinal Health (USA), Fresenius Medical Care AG & Co. (Germany), General Electric (USA), Hitachi Medical Corporation (Japan), Johnson & Johnson (USA), Medtronic (USA), Koninklijke Philips Electronics NV. (Netherlands), Siemens AG (Germany), St. Jude Medical Inc. (USA).

Latest Industry News
Thubrikar Aortic Valve, Inc., a privately held medical device company is developing a next-generation Transcatheter Aortic Valve Implantation (TAVI) system. Its licensee, Labcor Laboratórios of Brazil, is set to receive an additional investment of $460,000 cash and a $500,000 promissory note, to widen the reach of TAVI when it gets released. Labcor is a world-renowned company that specializes in the manufacturing of biological prostheses.
InspireMD, Inc., a leader in embolic prevention systems (EPS), neurovascular devices, and thrombus management technologies that announced that CGuard™ EPS was featured at the SBHCI Congress. Sponsored by the Brazilian Society of Hemodynamics and Interventional Cardiology, SBHCI Congress took place in Curitiba, Brazil from June 13-15, 2018. It hosted approximately 1,200 participants including doctors from across Brazil and Central and South America.


Major Table of Contents:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
TOC Continued….!

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com