Global Bone Morphogenetic Protein Market: Rapidly Growing Geriatric Population to Boost Market Valuation to US$587.069 mn by 2022

Bone Morphogenetic Proteins Market

A new Transparency Market Research report states that the global bone morphogenetic protein market was valued at US$612.601 mn in 2013.and is predicted to reach US$587.069 mn by 2022. It is expected to expand at a sluggish CAGR of 2.10% from 2014 to 2022. The title of the report is “Bone Morphogenetic Proteins Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2022”.

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According to the report, the market for bone morphogenetic proteins is fuelled by the growing geriatric population, increasing sports and trauma injuries, and the increasing count of spinal fusion surgeries. In addition, the growing demand for minimally invasive surgeries and a rise in population having lower back pain issues will also augment the demand for bone morphogenetic proteins. On the other hand, factors such as the presence of a number of other bone graft substitutes and the detrimental side-effects caused by the off-label usage of bone morphogenetic proteins may impede the growth of the market in the coming years. Furthermore, the soaring costs of bone morphogenetic proteins may also pose a negative effect on the growth of the market.

The report segments the market on the basis of type into rhBMP-2 and rhBMP-7. Amongst these, in 2013, the segment of rhBMP-2 held the largest share in the market on the basis of revenue. This is because rhBMP-2 has been broadly accepted by surgeons and physicians globally owing to it being effective in carrying out lower back spinal fusions. On the other hand, the segment of rhBMP-7 is predicted to lose all of its market share in the forthcoming years owing to the elimination of OP-1/Opgenra from the market, starting from August 2014.

On the basis of application, the report segments the market into trauma, spinal fusion, oral maxillofacial, and reconstructive surgery. Amongst these, the segment of spinal fusion holds the largest share in the market, trailed by the segment of trauma. On the other hand, the reconstructive segment is predicted to expand at low CAGR in the forecast horizon. This is owing to the availability of a number of promising bone graft alternatives and the limited utilization of bone morphogenetic protein products in reconstructive surgery.

On the basis of geography, the bone morphogenetic proteins market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America constitutes the largest share of more than 70% in the market for bone morphogenetic proteins and is predicted to lead the market all through the forecast horizon. This is due to the increasing awareness on bone morphogenetic protein products and the rising count of spinal fusion procedures.As per the report, the chief players operating in the market are Medtronic, Cellumed Co. Ltd., and Stryker Corporation, among others.

Full Research Report on Global Bone Morphogenetic Proteins Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/bone-morphogenetic-protein-market.html

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Growing Awareness to Boost Non-small Cell Lung Cancer (NSCLC) Therapeutics Market

Transparency Market Research has published a new market report titled, “Non Small Cell Lung Cancer Therapeutics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.” According to the report, the global non small cell lung cancer market was valued at US$ 4.9 Bn in 2014 and is anticipated to expand at a CAGR of 12.1% from 2015 to 2023 to reach US$ 15.1 Bn in 2023.

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The report provides detailed analysis of current and emerging drugs for non small cell lung cancer (NSCLC), segmenting them based on type of drug class. Drugs have been analyzed by segments such as angiogenesis inhibitor, EGFR inhibitor, kinase inhibitor, microtubule stabilizer, folate antimetabolites, and PD-1/PD-L1 inhibitor. Angiogenesis inhibitor was the largest segment of the global non-small cell lung cancer market in 2014. High demand for Avastin in major geographies such as Europe and the U.S. is likely to propel the segment during the forecast period. The angiogenesis inhibitor segment was valued at US$ 1,627.1 Mn in 2014 and is likely to account for US$ 2,020.4 Mn by 2023, expanding at a CAGR of 1.8% from 2015 to 2023.

NSCLC, often the most dreaded of all types of lung cancer, is highly likely to metastasize into the bones and other tissues, making it difficult to detect and treat. NSCLC accounts for 90% of all lung cancer cases. Drugs used in the treatment of NSCLC range from regular regimens to targeted therapies. The drugs are based on simple chemistries to highly advanced complex protein. The market is witnessing strong growth due to high awareness among the population through government initiatives. Moreover, the drugs for NSCLC are given swift approvals by regulatory bodies and grants for research. This has led to new generation of drugs being introduced in the NSCLC market.

The folate antimetabolites segment is projected to be the second highest segment of the global NSCLC therapeutics market. The EGFR inhibitor and microtubule stabilizer segments held the third and fourth largest shares of the market in terms of revenue in 2014. However, entry of new targeted therapies with more surveillance rate could restrain market growth. PD-1/PD-L1 inhibitor is likely to the fastest growing segment during the forecast period, due to affectivity of the treatment as clinical data showed double survival rate. The non-small cell lung cancer therapeutics market is anticipated to be driven by increase in incidence and diagnosis rate, government initiatives leading to rapid approval of the treatment, and development of targeted therapies.

The major classes of drugs under NSCLC are angiogenesis inhibitor, EGFR blocker, kinase inhibitor, microtubule stabilizer, folate antimetabolites, and PD-1/PD-L1 inhibitors. The angiogenesis inhibitor segment dominated the market in 2014. High efficacy, targeted therapies, and increasing demand in major geographies such as Europe, the U.S., and Japan are attributed to the dominance of the angiogenesis inhibitor segment in the NSCLC therapeutics market. Zykadia is expected to witness the highest growth rate during the forecast period, followed by Opdivo.

The report offers a detailed analysis of factors responsible for market growth and outlines a possible growth trajectory for other segments. The report is thus compiled with the primary objective of updating the stakeholders with the market dynamics, which are graphically illustrated.

AstraZeneca plc, Boehringer Ingelheim, Bristol-Myers Squibb, Celgene Corporation, Novartis AG, Eli Lilly and Company, Pfizer, Inc., Genentech, Inc. (a Roche company), and Sun Pharmaceutical Industries Ltd. are the major companies operating in the global non small cell lung cancer therapeutics market. Genentech, a Roche company, was identified as the leading player in the global non-small cell lung cancer therapeutics market in 2014, accounting for a revenue share of more than 36%, followed by Eli Lilly and Company.

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Global Osteosynthesis Devices Market to Expand at 6.2% CAGR from 2015 to 2023

According to a new market report published by Transparency Market Research “Osteosynthesis Devices Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023”, the global osteosynthesis devices market was valued at USD 6.2 billion in 2014 and is estimated to reach USD 11.1 billion by 2023 at a CAGR of 6.2% from 2015 to 2023.

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Osteosynthesis is a surgical procedure with an open or percutaneous approach to the fractured bone. The global osteosynthesis devices market is witnessing strong growth due to demand for better facilities in orthopedic trauma surgeries, rising prevalence of osteoporosis, and increasing investments by governments and multinational companies. Rising cases of road accidents coupled with injuries due to sports, falls, and violence are boosting demand for osteosynthesis devices.

North America was the largest market for osteosynthesis devices in 2014 due to high acceptance of novel technologies, organized reimbursement facilities, government initiatives, and market leaders established in the region. Affordability toward high priced devices and large customer base have fueled market growth in the region. According to the American Association of Orthopaedic Surgeons (AAOS), Medicare spends around USD 20 billion on implants each year, 50% of these are for orthopedic procedures. The U.S. is the most lucrative market for osteosynthesis device, hence various manufacturers are keen to enter the country with cost-effective alternatives to branded osteosynthesis devices.

The European Union is also engaged in promoting novel therapies for trauma fixation devices. Europe was the second largest market for osteosynthesis devices in 2014 due to factors such as rising incidence of injuries including fall, accident, sports, and occupational. Moreover, technological advancements and designs of osteosynthesis devices along with the use of various new, efficient constituent materials including biodegradable materials are likely to propel the market growth of the osteosynthesis devices market in Europe.

DePuy Synthes dominated the osteosynthesis devices market in 2014. Major factors attributed to its dominance are broad product portfolio and high market penetration. Stryker Corporation secured the second market position. The company offers a wide range of osteosynthesis devices including intramedullary nail and hip fixation devices. Other players in the osteosynthesis devices market include Smith & Nephew, Aesculap, Inc. and Néosteo SAS. These players have worldwide presence in the osteosynthesis industry and are involved in constant competition with each other.

The osteosynthesis devices market in Asia Pacific is anticipated to expand at the fastest growth rate during the forecast period from 2015 to 2023. The market in the region is characterized by low production cost across a majority of industry verticals. The region is also developing as a center of medical tourism attracting patients from across the globe for expensive treatments such as spinal fusion and large joint replacement. Due to the low cost nature of these treatments, Asia has been a location of choice for patients suffering from various orthopedic surgeries. Japan is the largest market for osteosynthesis devices in Asia in terms of revenue, while other countries contributing to this market are China and India. Brazil is identified as an upcoming market in Rest of the World. Large and highly concentrated patient pool coupled with favorable regulatory amendments has compelled several osteosynthesis device manufacturers to venture into Brazil.

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Intracranial Pressure Monitors Market Expected to Reach USD 350.5 Million Globally in 2023

Intracranial Pressure Monitors Market

Intracranial Pressure Monitors Market

The latest report, titled “Intracranial Pressure Monitors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”, from Transparency Market Research (TMR) delivers a 360-degree view of the market.According to this report, the global intracranial pressure monitors market will progress at a 6.40% CAGR during the forecast period from 2015 to 2023. In 2014, the global intracranial pressure monitors market was estimated at US$210.5 mn and by 2023, the market will be worth US$350.5 mn.

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Intracranial pressure monitors are medical devices supporting the measurement of the pressure inside the skull during critical care. The global intracranial pressure monitors market is driven by the sustained rise in the incidence of traumatic injuries. Furthermore, the elevated health care expenditure worldwide, along with the rising occurrence of stroke incidents globally, will drive the global intracranial pressure monitors market. On the other hand, infections arising from the invasive nature of intracranial pressure monitors will challenge the global intracranial pressure monitors market’s growth.

By type, the global intracranial pressure monitors market is segmented into air pouch devices, strain gauge transducers, fiberoptic monitors, and external ventricular drain (EVD). The EVD segment held the largest share (more than 35%) in the global intracranial pressure monitors market in 2014. EVDs are easy to use and extremely affordable, driving their demand in the market. Furthermore, EVD can be re-zeroed during any point of time, further driving their popularity among consumers. On the other hand, the air pouch devices segment will enjoy the highest CAGR during the forecast period due to the low zero-drift features offered by air pouch devices.

Application-wise, the global intracranial pressure monitors market is divided into subarachnoid hemorrhage, meningitis, intracerebral hemorrhage, traumatic brain injury, and others. The traumatic brain injury segment held the largest share in the global intracranial pressure monitors market in 2014. Factors such as the rising incidence of traffic-related accidents, violence, and sports injuries are fuelling this segment. On the basis of end use, the global intracranial pressure monitors market is segmented into hospitals and trauma centers. The trauma centers segment led the global intracranial pressure monitors market in 2014 due to the round-the-clock availability of trained healthcare providers and growing number of critically ill patients.

Region-wise, the global intracranial pressure monitors market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). North America held more than 50% of the global intracranial pressure monitors market. The North America intracranial pressure monitors market benefits from the elevated awareness of consumers, improved healthcare infrastructure, and high acceptance of advanced monitoring equipment.

Players in the global intracranial pressure monitors market will benefit from the shift from invasive to non-invasive monitoring devices. Emerging economies also offer good sustained growth opportunities to companies. Some of the key players operating in the global intracranial pressure monitors market are Spiegelberg, Raumedic, Medtronic, Integra LifeSciences, HeadSense Medical, Haying Medical, and Codman & Shurtleff.

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Global Mortuary Equipment Market to Expand at a 6.30% CAGR from 2015 to 2023

Transparency Market Research announces the release of a new research report titled “Mortuary Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”. According to the study, the global mortuary equipment market is estimated to develop at a 6.30% CAGR from 2015 to 2023, growing from a value of US$173.4 mn in 2014 to US$306 mn by 2023.

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Mortuary Equipment Market

Mortuary Equipment Market

On the basis of product type, the mortuary equipment market is segmented into autopsy and dissection tables, cadaver trolleys, refrigerators and freezers, cadaver lifts, and others. Refrigerators and freezers dominate the overall market in terms of revenue owing to increased awareness about the products and high cost of the equipment. Freezers and refrigerators form the most fundamental mortuary equipment needed for storage of corpses and preventing them from decaying. Respective national policies mandating the use of freezers and refrigerators in mortuary facilities has additionally boosted their demand. Moreover, this segment has received tremendous support from the development of advanced mobile equipment.

Cadaver handling and transportation equipment such as lifts and trolleys are anticipated to register the highest growth by 2023 owing to the rise in deaths from unnatural causes. Market players in this segment have been focusing on the development of effective and novel equipment such as portable cadaver scissor lifts with rollers, hand-cranked cadaver lifts, hydraulic autopsy carriers, and hand-cranked autopsy carriers, to ensure increased acceptance of the mortuary products during the forecast period.

On the basis of application, the market for mortuary equipment is categorized into forensics, research and academics, and cultural. The increasing use of cadavers in all these application areas has grown in the recent past, boosting the overall mortuary equipment market.

On the basis of geography, the global mortuary equipment market is fragmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In terms of revenue, North America dominates the global mortuary equipment market, followed by Europe. These developed regions are mainly driven by the strong presence of leading market players and availability of advanced portable devices with remarkable efficacy. Asia Pacific has been identified as an exceptionally lucrative market for mortuary equipment owing to a favorable gap between demand and supply and rapid development of healthcare infrastructure in the form of hospitals and clinical settings. Given the practice of ensuring proper cleansing and wrapping of the corpses in countries within the Middle East and Africa, the market for mortuary equipment in this region is anticipated to grow over the coming years.

Some of the most prominent players operating in the global mortuary equipment market are Thermo Fisher Scientific, Inc., Mortech Manufacturing, Inc., Flexmort, KUGEL Medical Gmbh & o. KG, Ferno-Washington, Inc., LEEC UK, and Mopec.

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Power Banks Market Analysis And Segment Forecasts To 2020

A portable charger used to charge a wide range of digital product is called power bank. Power bank is also called battery charger. It is used as back-up charger, an external battery or plug-in charger for charging battery cells or rechargeable battery. Power bank is a suitable way to charge electronic device whenever and wherever needed. Mobile devices, digital cameras, laptops and tablets can be charged using power bank. The power bank is designed on the basis of device being charged. Power bank can be re-used and recharged. Milliampere-hour is the measuring unit for the capacity of power bank. Higher Milliampere results in the higher storing capacity of power banks. Power bank comprise of lithium batteries as they are affordable, compact in nature and widely available. A power bank is different from each other even though the battery capacity is exactly the same; in terms of compatibility, pricing, cell quality, internal design, size and cell grade. Power bank batteries are categorized as cylindrical battery, square aluminum case and polymer battery. Due to the high mechanized cost for battery cell made of Lithium-Polymer comparing it to Lithium-Ion, the price of power bank made of Lithium-Polymer battery is higher than the power bank comprise with Lithium-Ion battery. Casing made from standard shell offer protection from any leakage or harm from the power bank. A power bank in general will require 5V/1A for optimum charging period across the globe. Power bank quality, cell PCB board design, actual capacity and reliability are factors determining approximately device charge per cycle.

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Mobility and versatility are the most important features of power bank. Power bank are available in various sizes, shapes, capacities and colors. Global power bank market can be segmented on the basis of application and product type. Mobile phone chargers and Electric vehicle chargers are segments of applications. Solar power bank, power bank with LED and built-in rechargeable line are segments of power bank products.

Improved living standards, increased consumer purchasing power and rising economies are uplifting electronics market. The demand for power bank rises as electronic devices comes with low battery capacity. Longer duration usage of smart phone, increased demand of smart phone and increased usage of tablets has spurred the market growth of power bank globally. Functionality of electronic devices are increasing, propelling power bank market. Smart phone battery life has been a problem for consumer. This constraint has become opportunity for power bank companies. Safety is a concern as low grade power cells can be volatile based if overcharged in case of lithium-ion battery.

China is the important player in the power bank market, increasing demand across the world is increasing opportunities globally. Cell phones are sweeping the developing world as the technology become cheap. Growth of power bank market will increasingly rely on emerging market as Western Europe, Japan and North America reach saturation. Power bank is expected to attain success in developing nation where the power grid is lacking.

Some of the global players in power bank market are BYD Battery Company Limited, Energizer Holding INC, LG Chem Power Inc., Philips, Sony Corporation, Lishen, Buffalo Technology, Samsung Electronics, Ultralife Corporation and Sanyo among others. Research & developments and innovations are adopted by the companies as the strategies to rise in the power bank market.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Urodynamics Equipment and Disposables Market Expected to Reach USD 216.3 Million Globally by 2020

According to a new market report published by Transparency Market Research “Urodynamics Equipment and Disposables Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, the global urodynamics equipment and disposables market was valued at USD 140.4 million in 2013 and is expected to grow at a CAGR of 6.1% during the forecast period from 2014 to 2020 to reach USD 216.3 million in 2020.

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Urodynamics tests comprise a range of examinations that are useful for obtaining functional information regarding bladder filling, emptying and urine storage. The focal objective of urodynamics is to comprehend the dysfunction of lower urinary tract by replicating the patient’s symptoms, when present, and determining the cause of these symptoms by suitable urodynamics investigations that would help in programming an appropriate treatment regimen for bladder dysfunction (e.g. urinary incontinence, stress incontinence, bladder neck obstruction, prostatitis, and benign prostatic hyperplasia, etc.).

Uroflowmetry equipment, cystometer, ambulatory urodynamic systems, electromyographs and video urodynamic systems cumulatively form the urodynamics equipment market; among which uroflowmetry equipment emerged as the segment leader in terms of revenue (generating over USD 30 million) in 2013. This has been attributed to the easy availability, high patient and physician preference. On the other hand, ambulatory urodynamics systems are expected to exhibit the highest growth rate of over 8.5% during the forecast period 2014 to 2020 due to their widespread market availability, portable design and advanced microprocessor technology that help these devices in delivering reliable test outcomes.

Furthermore, within the disposables segment, air-charged catheters accounted for the largest market share of the total urodynamics disposables market in 2013. Air-charged catheters are expected to lead the market during the forecast period from 2014 to 2020, at the highest CAGR of 6.7%. Benefits of air-charged catheters such as ease of handling, absence of air-bubble interference coupled with presence of weightless air column are some of the major driving factors of these catheters in the urodynamics disposables market.

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In terms of regional distribution, North America dominated the global urodynamics equipment and disposables market in 2013 and accounted for a share of over 40% of the global market in the same year. High adoption rate of urodynamics tests among urologists and urogynecologists along with presence of large number of testing centers across the region are some of the major factors that are boosting the growth of this market in North America. Moreover, growing incidence of urological dysfunctions and perpetual innovations in the nature of urodynamics capital equipment are some of the additional factors that are driving the growth of this market. Asia Pacific, on the other hand, witnessed the highest growth rate in the urodynamics equipment and disposables market. The ever-growing, price-sensitive population in the developing countries of Asia coupled with growth in incidence of urological dysfunctions among the geriatric population is expected to boost the urodynamics equipment and disposables market in the region during the forecast period.

The urodynamics equipment and disposables market is highly fragmented due to the large presence of equipment manufacturers and providers that generally range from local to global enterprises. The global urodynamics equipment and disposables market, therefore, is characterized by the presence of only a few renowned market players. These include Albyn Medical S.L., American Medical Systems, Inc., CooperSurgical, Inc., Covidien plc, C. R. Bard, Inc., HealthTronics, Inc., LABORIE, Medical Measurement Systems B.V. and Verathon, Inc. Among these, in 2013, LABORIE held the largest market share of the total global urodynamics equipment and disposables market at over 50%. Its market leadership was attributed to several factors such as strong distribution channels, extensive product portfolio and well managed supply competence. The market is expected to remain highly competitive in the next few years with the entry of other global players in the urodynamics equipment and disposables market.

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The global urodynamics equipment and disposables market is segmented as follows:

Global Urodynamics Equipment and Disposables Market, by Type of Products

  • Uroflowmetry Equipment
  • Cystometers
  • Ambulatory Urodynamics Systems
  • Electromyographs
  • Video Urodynamics Systems
  • Urodynamics Disposables
  1. Air-charged Catheters
  2. Water-filled Catheters
  3. Infusion, Extension & Perfusion Pump Tubing Sets
  4. Transducer Sets

Global Urodynamics Equipment and Disposables Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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