The Healthcare Vertical to undergo technological Transformation at every stage – right from prenatal testing to the onset of Ailments related to aging or chronic ailments

Published On : 05/13/2021

Of late, cosmetic dentistry has been doing the rounds. The tooth-whitening procedures are on to witness proliferation. Amongst the most sought-after cosmetic products are dental crowns, bonding agents, veneers, and non-metallic inlays and onlays. The developed economies are already at the saturation stage with regards to these dental implants. However, developing countries are also taking the lead now. For instance – the Indian Dental Association has introduced the National Oral Health Program for boosting oral healthcare through synergistic and equitable distribution of the advanced facilities of oral care. By material type, dental implants market spans Zirconium implant and Titanium implant. Procedure-wise, it’s plate-form implant and root-form implant.

Also, with dental laser units, the duration of dental surgeries has reduced drastically. By type of product, dental lasers could be categorized as soft tissue dental lasers (diode laser systems and CO2 laser systems), all tissue dental lasers (hard laser systems and soft laser systems), and dental welding lasers.

Application-wise, it’s Endodontic Devices treatment, conservative dentistry, oral surgery, implantology, and peri-implantitis.

Ophthalmic devices, by product, span vision care and surgical. Out of these vision care does hold the largest market share due to paradigm shift on the part of consumers. In other words, people prefer contact lenses to conventional eyeglasses. This is evident from the fact that the CDC states that close to 45 Mn people all over the US do use contact lenses. Regarding developments, Alcon, in August 2019, did come up with AcrySof IQ PanOptix Trifocal Intraocular Lens (IoL) for those undergoing cataract surgery in the US.

Biopharmaceuticals are witnessing a surge in demand due to proven efficacy with respect to treating chronic ailments like diabetes and cancer. Also, biopharmaceutical companies are entering into collaborations to make a mark herein. Product-wise, biopharmaceuticals comprise interferon, monoclonal antibody, insulin, growth and coagulation factor, erythropoietin, vaccine, hormone, and others. Application-wise, it’s metabolic disease, blood disorder, oncology, infectious disease, neurological disease, cardiovascular disease, immunology, and others.

Non-invasive prenatal testing is being asked for due to growing incidences of various genetic disorders, fast adoption of NGS (next-generation sequencing). Along these lines, Axia Women’s Health, in August 2019, did announce launching non-invasive prenatal testing, the very first of this kind in the US-obstetrician-gynaecologist physician-owned laboratory. Application-wise non-invasive prenatal testing (NIPT) market comprises Edwards, Down Syndrome, Patau Syndrome, Turner Syndrome, and likewise).

Acne treatment is another sector to be looked into. The factors pushing the growth of acne treatment market include unhealthy lifestyles coupled with increasing awareness regarding acne. Research states that in the US, close to 60 Mn people are suffering from acne. By treatment, the acne treatment market spans antibiotics, retinoid, hormonal agents, anti-inflammatory, and others. By route of administering, it’s topical and oral.

Medical spas could be referred to as an extension of minimally invasive treatments like non-surgical skin tightening, chemical peels, and body sculpting. Also, wellness packages are being offered in the countries like the US. Service-wise, medical spas market constitutes body shaping & contouring, facial treatment, hair removal, scar revision, tattoo removal, and likewise.

Cranio maxillofacial fixation devices are also an outcome of quest for minimally invasive surgeries. Combat sports are likely to give rise to facial fractures. By technique, the cranio maxillofacial fixation devices market spans cranial flap fixation, CMF distraction, temporomandicular joint replacement, MF plate and screw fixation, and likewise. Material-wise, it’s ceramic, biomaterials, and metal. Application-wise, it’s neurosurgery and ENT, orthognathic and dental surgery, plastic surgery, and others.

General healthcare service associations across the globe are focusing on early diagnosis of deafness, so as to make hearing aids available. By type of product, hearing aids market comprises behind-the-ear, receiver in-the-ear, in-the-ear, and canal. By type of technology, it’s government purchases, retail sales, and e-Commerce. Out of these, e-Commerce is ruling the roost, especially amidst the ongoing pandemic.

Damage to ligaments, tendons, and muscles is likely to result in inflammation and pain. Soft tissue repair implies replacement of damaged or injured tissues with the healthy tissues. By type, soft tissue repair market says tissue mesh (biological mesh like Xenograft and Allograft, synthetic mesh), laparoscopic instrument, and fixation device (interference screw and suture anchor). Application-wise, it’s dental repair, breast reconstruction, dural repair, head and neck products, hernia repair, orthopaedic repair, pelvic and vaginal prolapse repair, and skin repair.

Persistence Market Research (PMR) has profiled the participants in markets related to various therapeutic options as follows:

• AMD Lasers, Inc.
• Morita
• CryoLife Inc.
• Integra Lifescience Corporation
• Widex USA, Inc.
• William Demant Holding A/S
• TMJ Concepts
• OsteoMed L.P.
• The Orchard Wellness Resort
• BIOVITAL MEDSPA
• Teva Pharmaceuticals
• Bayer AG
• Eurofins Scientific
• BGI
• Sanofi
• Pfizer, Inc.
• Biogen, Inc.
• The Cooper Companies Inc.
• Carl Zeiss Meditec
• Formlabs
• Nuffield Dental Group

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.