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Research Reports

The medical devices market encompasses establishments manufacturing diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, hospital supplies, dental equipment /supplies, cardiovascular devices, and various other medical devices.

In the present scenario, smart medical devices are making the things easy. Fitbit, Inc., in November 2020, did announce updation of OS 5.1 software, so as to make Fitbit Versa and Fitbit Sense more convenient inn terms of operations. In the subsequent month, the same company inked an agreement with WellCare of Georgia for delivering its devices to members of WellCare Medicaid, who are positive about managing their diabetes.

Web-connected medical devices are in demand with growing awareness regarding obesity and the hazards related to it. Obesity results in heart-related ailments, increase in blood pressure, and what not? Web-connected medical devices could be vital signs monitoring devices (blood glucose monitoring devices, blood pressure measuring devices, pulse oximeters, and ECG monitoring devices), medication monitoring devices (smart pill dispenser and medication adherence systems), and safety monitoring devices activity monitoring devices. By modality, they could be non-wearable and wearable.

An important aspect of medical care is medical tapes. Medical tapes help in extending a robust support to bandages/other wound dressings. Bandages, in turn, are cotton gauge cloth that support surgical dressings/splints. Medical tapes could be made up of fabric, paper, or plastic. They could address surgical wounds, burns, sports injuries, traumatic and laceration wounds, ulcers, and other wounds.

Advanced medical nutrition is the need of the geriatric as well as malnourished population. Medical practitioners ascertain that the diet is proper before conducting any major surgery. Also, these two categories have a relatively weaker immune system. By route of administration, advanced medical nutrition could be oral, enteral, and parenteral. By type, it could be multiple vitamins and antioxidants, amino acid solutions, lipid emulsions, trace elements, 3C bags, and 2C bags.

Coming to the tissues getting ruptured, there are thermal ablation devices available. They rebuild/remodel tissues, that too, without causing any alterations to the major structures. At present, tumor/cancer ablation, BPH (Benign Prostatic Hyperplasia) are treated using thermal ablation devices. The technologies used are HIFU (High-Intensity Focused Ultrasound), Microwave, LASER, and RF.

Focusing on eye care, vitreoretinal surgery devices are used for treating macular degeneration, retinal detachment, vitreous haemorrhage, and likewise. By type, they are photocoagulation surgery devices, illumination surgery devices, and vitrectomy surgery devices. They reduce the downtime.

That was about eye care. Coming to trauma caused by mishaps, there are trauma fixation devices available. They do accelerate the process of bone healing by imposing restrictions on fractured bones’ movement. It is seen that mishaps often take the will power away from the ones injured. With the help of trauma fixation devices, as physical healing would be expedited, the affected one (s) will feel better and positive.

There is no denying to the fact that medical treatments mentioned above aren’t that easy on management. As such, medical case management services are required, so that proper medical treatment is provided to disabled, injured, or ill patients. These services come across as being 100% patient-centric, wherein clients are connected with healthcare systems, psychosocial support groups, and reimbursement providers. Co-ordination and follow-ups with respect to the patients are the prime components herein. By service, they are telephonic, web-based, field, and bilingual.

Emergence of pre-packaged medical kits and trays could be credited to spike in multi-speciality hospitals all across. Moreover, pre-packaged disposable products are in greater demand, especially to avoid cross-contamination. They comprise ENT trays, laceration trays, and laparoscopic trays. Of late, lumbar puncture trays, open heart surgery kits, hysterectomy kits, biopsy trays, suture removal kits, dressing kits, custom ob/gyn kits, ophthalmic custom trays, and anesthesia kits have joined the bandwagon.

Copper has found its place in the medical tubing applications. Medical copper tubing is preferred as general and surgical health care settings ask for efficacy as well as safety. The developed countries are already at the forefront regarding usage of copper herein. The developing countries are also looking forward for its usage. Till date, they were resorting to pocket-friendly alternatives like cross-linked polyethylene.

Persistence Market Research (PMR), through its market study on “Medical Devices”, has profiled the key players as under:

  • Johnson & Johnson
  • Medtronic Plc
  • Abbott Laboratories
  • Becton, Dickinson and Company
  • Siemens Healthineers AG
  • General Electric Company
  • 3M Company
  • Baxter International Inc.
  • NIPRO Corporation
  • Canon Medical Systems Corporation
  • Terumo Corporation
  • Otsuka Medical Devices Co., Ltd.
  • Shanghai Runda Medical Technology Co., Ltd.
  • Olympus Medical Systems Corporation
  • Fukuda Denshi
  • Metran Co., Ltd.
  • Essilor
  • Roche
  • Getinge Group
  • Flexicare
  • Cerner
  • Fresenius Medical Care

Geography-wise, PMR states that after North America and Europe, the Asia-Pacific is expected to rule in the next 10 years.

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