Hrushikesh Dudhane
991 days ago
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991 days ago
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Spinal Cord Stimulation Market to Increase Exponentially; Rapid Adoption of Neuromodulation Therapies to Spur Business Opportunities, states Fortune Business Insights™
The global “spinal cord stimulation market” is expected to reach USD 4.12 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing acceptance of minimally invasive therapies can have a tremendous impact on the global market, states Fortune Business Insights, in a report, titled “Global Spinal Cord Stimulation Market Size, Share & COVID-19 Impact Analysis, By Product (Rechargeable and Non-rechargeable), By Disease Indication (Failed Back Surgery Syndrome (FBSS), Degenerative Disc Disease (DDD), Complex Regional Pain Syndrome (CRPS), Arachnoiditis, and Others) By End User (Hospitals, Ambulatory Surgery Centers, and Specialty Clinics), 2020-2027.” The market size stood at USD 2.88 billion in 2019.
The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain this global pandemic.
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The report on the spinal cord stimulation market contains:
- Outstanding investigation of the market
- Vital insights into the competitive landscape
- Factors restricting market growth
- Recent trends and development
- Prime factors enabling growth
- New government regulations
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Rescheduling of Effective Surgeries to Restrict Market Amid COVID-19
The postponement of selective and non-urgent surgeries by the government to administer COVID-19 patients has subsequently affected the growth of the market. According to COVIDSurg, around 28.4 million surgeries were canceled or postponed during the peak of 12 weeks of disruption due to COVID‐19. Many companies operating in the market reported a major drop in revenue during the pandemic. For instance, Abbott’s neuromodulation segment reported a 30.1% decline in the global revenues during the first quarter of 2020 when compared to the same period in 2019. Similarly, the neuromodulation segment of Boston Scientific Corporation witnessed a 24.6% decline in sales globally during the first six months of 2020 when compared to the same period in 2019.
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Market Driver:
Favorable Government Guidelines to Intensify Market
The favorable policies pertaining to spinal cord stimulation therapy is expected to bolster the healthy growth of the market. Numerous government associations are introducing guidelines for the treatment of chronic pain and other disease indications, which, in turn, will aid the expansion of the market. For instance, in January 2019, National Institute for Health and Care Excellence published guidelines and recommendations for the Senza SCS system, which delivers HF10 therapy to treat patients having neuropathic pain. Moreover, the rising shift towards non-opioid alternative therapies coupled with high demand for spinal cord stimulation will uplift the market in the near future. For instance, in 2018, the FDA received over 200 submissions from companies seeking a speedy approval process for devices that can be used in place of opioids for pain management.
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Regional Analysis:
Prevalence of Disc Diseases to Augment Growth in Europe
North America accounted for the maximum share of the market primary due to the rapid adoption of neuromodulation therapies. The market in Europe is expected to grow owing to the rising cases of degenerative disc diseases and chronic pain. The introduction of innovative systems by companies will enable speedy expansion of the market in the region. For instance, in January 2019, the launch of Spectra WaveWriter spinal cord stimulator system by Boston Scientific in Europe. Asia Pacific is likely to account for a considerable in the global market during the forecast period. The growth is attributed to the rapid adoption of neuromodulation therapies. The surging geriatric population is expected to bode well for the market in Asia Pacific. The growing demand for minimally invasive therapies will further incite the development of the market in the region.
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991 days ago
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Edited by
Hrushikesh Dudhane
991 days ago
Hrushikesh D
Dental Materials Market to Reach $8.06 by 2027; High Investment in Product R&D will Bode well for Market Growth, saysFortune Business Insights™
The global “dental materials market” size is projected to reach USD 8.06 billion by the end of 2027. Recent technological advancements have emerged in favour of market growth. According to a report published by Fortune Business Insights, titled “Dental Materials Market Size, Share & Industry Analysis, By Type (Metallic Biomaterials, Ceramic Biomaterials, Polymers, Natural Biomaterials, and Others), By Application (Implant, Prosthetics, and Orthodontics), By End User (Dental Product Manufacturers, Dental Laboratories, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 5.40 billion in 2019 and will exhibit a CAGR of 5.2% during the forecast period, 2020-2027.
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As Dental Procedures have not been Included in Essential Surgeries, Covid-19 Pandemic to have an Adverse Impact on the Market
The recent coronavirus outbreak has had an adverse impact on several industries across the world. The rapid spread of the disease has forced government to focus more on essential services and delay scheduled surgical procedures that are not completely essential to the human body. As a result, procedures such as fixations and normal dental treatments have not been included in the essential services. This factor will have a negative impact on the growth of the overall market in the coming years. Dental materials are products associated with dental procedures, including surgical devices as well as implant products. The increasing number of dental surgeries, owing to rising hygiene habits will emerge in favour of the growth of the overall market in the coming years.
Technological advances have played a huge part in market growth. Additionally, the use of advances materials for dental implants and prosthetics will create several growth opportunities for the companies operating in the dental materials market. Increasing geriatric population, coupled with favourable health reimbursement policies will lead to a wider product adoption across the world. Additionally, the rising awareness regarding the risks associated with improper dental hygiene will aid the growth of the overall market in the coming years.
North America Likely to Emerge Dominant; Rising Prevalence of Dental Disorders Will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing prevalence of dental disorders in this region will create several growth opportunities for the companies in this market. Additionally, the increasing awareness regarding the importance of dental hygiene and regular dental check-ups will have a positive impact on the growth of the regional market. As of 2019, the market in North America was worth USD 2.12 billion and this value will rise considerably in the coming years, owing to the massive investments in technological intervention.
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Company Mergers are an Increasing Trend Among Major Businesses across the World
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, owing to the massive potential held by dental materials across the world, will contribute to the growth of the overall market in the coming years. Several large scale companies are focused on acquiring SMEs with a bid to maximizing the resources of both the companies and subsequently establishing a wider consumer base. In September 2018, Henry Schein, Inc. announced that it has completed the acquisition of Intra-lock. The company possesses an exceptional range of dental restoration solutions and through this acquisition Henry Schein will gain access to the company’s excellent portfolio. This acquisition will not just benefit the companies but will also have a direct impact on the growth of the global market.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Industry Developments:
November 2019 –Apex Dental Materials announced the launch of RE-GEN, a suit of bioactive materials comprised of flowable composite, bulk fill and resin cement, pit and fissure sealant. The company claims that the product is the world’s first ever bioactive universal and self-etch adhesive.
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995 days ago
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Hrushikesh Dudhane
995 days ago
Hrushikesh D
Pharmacovigilance Market Worth $12.25 Billion at 12.3% CAGR; Pharmaceutical Giants Such as Bayer and IQVIA to Focus on Launching Tracking Applications for PV Operations: Fortune Business Insights™
The global “pharmacovigilance” market size is projected to reach USD 12.25 billion by 2027, exhibiting a CAGR of 12.3% during the forecast period. Initiation of awareness campaigns to disperse information among patients regarding safe medication practices will stimulate market growth, finds Fortune Business Insights™ in its report, titled “Pharmacovigilance Market Size, Share & Industry Analysis, By Type (Service and Software), By Deployment (In-house and Outsource), By End User (Hospitals, Pharmaceutical Companies, and Others), and Regional Forecast, 2020-2027”. Prior to its commercial release, a drug has to undergo multiple trial phases and, in each phase, its efficacy and safety are rigorously tested.
Enhanced access to information has made people more aware about the safety of medicines, especially those given over-the-counter (OTC). This awareness is further bolstered by the initiatives taken at the local, national, and international level. For instance, the World Health Organization (WHO) launched the Global Patient Safety Challenge a few years ago with the title ‘Medication Without Harm’ to spread awareness among people about safe medication practices and overall medicinal safety standards.
Similarly, the Uppsala Monitoring Center in Sweden started a campaign in 2019 focusing on polypharmacy and safe consumption of medication among the geriatric population. Such programs and campaigns will play a key role in boosting the growth of this market in the coming years. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The report states that the market value was at USD 4.84 billion in 2019. The other highlights of the report include:
- Sweeping analysis of the impact of the COVID-19 pandemic on the market;
- In-depth study of each individual market segment;
- Comprehensive evaluation of the market trends, drivers, and restraints; and
- Detailed assessment of the regional prospects and competitive dynamics of the market.
Request a Sample Copy of the Research Report
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The current pandemic of Covid-19 has made a catastrophic impact on the world. Most businesses are shut as a result of the increasing COVID-19 cases. The healthcare industry is facing shortage of medical aid as there are not enough beds to suffice the needs of the increasing number of patients. The world economy is fluctuating as most businesses are at a halt and the ones running from the vicinity of their homes are barely able to manage revenue.
Special reports on various markets affected by the coronavirus pandemic are provided by Fortune Business Insights. These reports will help visualize the current situation and what strategies can be adopted to help the market gain momentum in the coming years.
Market Driver
Rapid Spread of the Coronavirus Pandemic to Provide Impetus to Market Growth
The COVID-19 outbreak has created an acute global health crisis and various organizations ranging from governments and pharmaceutical companies to academic institutions are racing against time to develop an effective vaccine for the infection. As a consequence, there has been a sudden surge in clinical trials in recent months, which has brought glad tidings for the pharmacovigilance market growth. For example, PGIMER Chandigarh began the clinical trial of Sepsivac, an immunomodulator, on asymptomatic COVID-19 patients in April 2020. Similarly, a potential vaccine against the coronavirus was developed by the University of Oxford in a span of just 3 months and its first human trial began in the third week of April in the UK. Efficient PV technologies are critical in assessing the adverse effects of vaccines and the COVID-19 pandemic has raised the need for PV exponentially. Moreover, medical research in the present scenario is also directed towards developing effective therapies for coronavirus patients, which will further bolster the demand for pharmacovigilance services.
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996 days ago
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Edited by
Hrushikesh Dudhane
996 days ago
Hrushikesh D
Global Urinary Drainage Bags Market in Asia Pacific to Grow Owing to Rising Incidence of Diabetes
A rise in the geriatric population is projected to boost the global urinary drainage bags market during the forecast period. According to a published report by Fortune Business Insights, titled, “Urinary Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags and Large Capacity Bags), By Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml), By Number of Chambers (Single Chamber, 2 Chamber, 3 Chamber), End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care, and Others) and Regional Forecast, 2019-2026,” the market is projected to reach USD 1,475.60 Million by 2026, exhibiting a CAGR of 4.9% during the forecast period. However, the market was valued at USD 1,007.81 Million in 2018.
The report predicts and analyzes the urinary drainage bags market size in terms of value and volume. It provides elaborate information regarding all the segments and doesn’t fail to mention the leading segments separately. It further highlights the competitive developments, such as mergers, expansions, new product launches, and acquisitions.
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Increasing Healthcare Expenditure to Propel Growth in Europe
The urinary drainage bags market is geographically divided into North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. Amongst these regions, Europe is anticipated to lead the market throughout the forecast period. It would likely occur due to the rising prevalence of bladder cancer and increasing healthcare expenditure in this region. The Nation Health Service (NHS) and European Union of Medical Association (EMEA) are smoothly managing the cost burden of pharmaceutical products and medical devices experienced by the consumer and the patient. It is one of the vital urinary drainage bags market trends.
Single Chamber Bags to Lead Market Owing to Rising Number of Surgical Procedures
In terms of number of chambers, the urinary drainage bags market is categorized into single chamber, 2 chambers, and 3 chambers. Out of these, the single chamber bags would be in the dominant position in the coming years. It would occur mainly due to the availability of wider product offerings by renowned players and the increasing number of surgical procedures. Combined with these, a rise in the number of consumer awareness campaigns regarding the product would contribute to growth. Besides, the 2 chamber segment would grow at a fast pace due during the forthcoming years due to better wearability and more comfort of this type of bag.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Alzheimer’s Disease and Pelvic Organ Prolapse to Skyrocket Demand for Urinary Drainage Bags
The Alzheimer’s Disease Facts and Figures recently published a report. It states that approximately 5.8 million Americans are affected by Alzheimer’s dementia at present. They assume that this number will rise rapidly in the coming years due to increasing number of aging population in the U.S. that belong to the group of 65 years and above. Patients suffering from Alzheimer’s disease have issues with urinary incontinence. Furthermore, several women around the world are affected by pelvic organ prolapse every year. The condition causes the woman’s pelvic organ to shift out of its usual position. It disables the function of urethra. These two diseases cause urine leakage and hence, it increases the urinary drainage bags market sales.
Moreover, the European countries house numerous non-profit organizations. They are helping in creating awareness about various urinary incontinence products, such as urinary collection bags and urinary catheters. All these factors are expected to propel the urinary drainage bags market growth in this region in the coming years. Asia Pacific, on the other hand, is likely to exhibit notable growth due to rising cases of hospitalization and increasing demand for cost-effective urinary collection bags. Additionally, a rise in the incidence of chronic diseases, namely, diabetes would augment market growth here.
Fortune Business Insights profiles some of the most prominent companies operating in the urinary drainage bags market. They are as follows:
- Coloplast A/S
- ConvaTec Group PLC
- Clinisupplies Ltd. (Healthium Medtech)
- Flexicare Medical Limited
- Teleflex Incorporated
- BD
- Medline Industries, Inc.
- Hollister Incorporated
- Manfred Sauer GmbH
- Other key market players
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997 days ago
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Hrushikesh Dudhane
997 days ago
Hrushikesh D
Global Adult Diapers Market to Exhibit 7.0% CAGR; High Number of Child Births to Accelerate Growth in Asia Pacific, says Fortune Business Insights™
The global adult diapers market is set to gain momentum from the increasing prevalence of incontinence worldwide. The Global Forum on Incontinence states that in 2018, more than 424 million people all over the world were suffering from incontinence. Besides, females are mostly affected by incontinence as compared to males. Fortune Business Insights™ published this information in a recent report, titled, “Adult Diapers Market Size, Share & Industry Analysis, By Product Type (Underwear & Briefs, Pads & Guards, and Drip Collectors & Bed Protectors), By Gender (Male and Female) By Distribution Channel (Institutional Sales, Retail Stores, and Online Channels) and Regional Forecast, 2019-2026.” As per the report, the adult diapers market size is projected to reach USD 19.77 billion by 2026, thereby exhibiting a CAGR of 7.0% during the forecast period. However, it stood at USD 11.55 billion in 2018.
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Launch of Technologically Advanced Products to Fuel Growth
Prominent organizations are launching new products equipped with several features, namely, skin-friendly components, odor control, and high absorbency levels. It is, in turn, increasing the demand for incontinence undergarments. Apart from that, they are persistently investing huge sums in researching about the requirements of the patients so that they would be able to introduce innovative products catering to their needs. Also, reputed manufacturers are utilizing various unique technologies, such as smart diapers and sensors, to prevent discomfort and accidental overflows. All these factors are set to propel the adult diapers market growth in the coming years.
Highlights of the Report
- In-depth information about the adult diapers market trends, opportunities, challenges, growth drivers, and hindrances.
- List of all the possible segments present in the market.
- Extensive analysis of the business strategies followed by key market players.
- Competitive landscape consisting of mergers and acquisitions, agreements, contracts, innovative product launches, investments, and strategic partnerships.
Strong Government Support to Favor Growth in North America
In terms of region, the market is grouped into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Amongst them, Europe held USD 3.79 billion in terms of adult diapers market revenue in the year 2018. This growth is attributable to the rising focus on elderly care, normalization of social issues associated with incontinence, and upsurging number of educational programs for consumers. As per a research study conducted by Eurocare, over 50 million populaces in Europe are affected by incontinence. It would also boost the growth of the market in this region.
North America, on the other hand, would experience significant growth on account of robust government support, increasing utilization of disposable incontinence absorbent products, and surging usage of e-commerce platforms. In Asia Pacific, India and China would showcase high growth owing to the ever-increasing population. Additionally, the rising number of childbirths and potential users of adult diapers are anticipated to augment growth. Lastly, the market would expand in the Middle East and Africa because of the high demand for hygiene products and an increasing preference for home care services.
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Dental Prosthetics Market to Exhibit a CAGR of 6.0% by 2026; Increasing Advancement in 3D Technologies to Promote Growth, states Fortune Business Insights™Untitled
The global “dental prosthetics market” size is predicted to reach USD 9.71 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period. The increasing prevalence of periodontal diseases will have a positive impact on the dental prosthetics market revenue during the forecast period. The growing cases of dental caries and tooth loss will spur opportunities for the market during the forecast period. In addition, the surge in the cosmetic industry will bolster healthy growth of the dental prosthetics market during the forecast period, states Fortune Business Insights in a report, titled “Dental Prosthetics Market Size, Share & Industry Analysis, By Type (Crowns, Bridges, Abutments, Dentures, and Others), By End User (Dental Hospitals & Clinics, Dental Laboratories, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 6.09 billion in 2018.
The Report Lists the Key Companies in the Dental Prosthetics Market:
- Nobel Biocare Services AG (Danaher)
- Henry Schein, Inc.
- IvoclarVivadent AG
- 3M
- Planmeca OY
- Dentium
- Zimmer Biomet
- BioHorizons
- BIOTECH Dental
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Competitive Landscape:
Acquisition of Henry ScheininCliniclands to Back Growth
Henry Schein, Inc., an American distributor of health care products and services announced that it hasacquired majority of equity stake in Cliniclands, an innovative distributor serving dental practices throughout Sweden, Denmark, and Norway. The new development of Henry Schein can be an essential factor in boosting the dental prosthetics market trends owing to the variety of dental consumables offerings such as implants, prosthetic and orthodontic solutions as well as small and office equipment. Furthermore, Chairman of the Board and Chief Executive Officer of Henry Schein, Stanley M. Bergman, said in statement.
“Cliniclands is a rapidly growing, successful company built upon a valuable business model. We are delighted to partner with the co-founders and the entire Cliniclands team. Our two companies have a shared commitment to the use of advanced technology to help our customers run successful, profitable businesses. We expect to achieve meaningful operating synergies and category expansion while expediting the delivery of products to Scandinavian dental customers.”
In addition, the increasing advancement in technologies such as 3D printing and CAD/CAM technologies for teeth customization will enable speedy growth of the market in the foreseeable future. Nonetheless, the rising use of mini dental implants due to their benefits such as non-invasive nature and low cost will spur demand for dental prosthetics in the forthcoming years.
Regional Analysis:
High Demand for Dental Products to Augment Development in Europe
The dental prosthetics market in Europe generated a revenue of 2.48 billion in 2018. The growth in the is attributed to the higher diagnosis and treatment rates for dental diseases. The rising dental expenditure and utilization of dental services will aid the growth in the region. The increasing demand for premium dental products will further enhance the market in Europe.
The market in Asia Pacific is likely to grow rapidly during the forecast period owing to the rising prevalence of dental caries and growing geriatric population. The growing disposable income will bolster healthy growth of the market in Asia Pacific.
