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Patient Warming Devices Market will Going to be Worth US$2.78 bn by the End of 2024

Global Patient Warming Devices Market: Snapshot

Hypothermia is a major cause of death in severely wounded patients. Rewarming is a major challenge, particularly for those who need operative or angiographic intervention. Patient warming is more than providing relief to the patients. Patient warming devices help patients to tolerate the unintended loss of body heat by helping them achieve normal body temperature or normothermia, leading to faster recovery. Patient warming devices are primarily used in health care settings by physicians and nursing staff for better care of the patients during surgeries and patient transfer, severely injured or diseased patients, anesthesia treated patients, and in acute care settings.

The increase in the number of surgical procedures, rise in the prevalence of cardiovascular and oncology conditions, growing geriatric population and various other factors has facilitated the growth of the market. Additionally, the introduction of technologically advanced products and increasing the awareness can create large number of opportunities for rapid growth of the market.

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The global patient warming devices market is expected to reach US$2.78 bn by the end of 2024. The market was valued at US$1.73 bn in 2015. If these figures hold true, the global market will exhibit a CAGR of 5.3% between 2016 and 2024.

Use of Patient Warming Devices to Remain High in Perioperative Care

The market consists of various types of products such as surface warming systems, intravascular warming systems and patient warming accessories. Of these, surface warming systems accounted for 76% of the overall market in 2015, thus emerging as the leading segment. Through the course of the forecast period, the segment is expected to retain its dominance as surface warming systems are safe, efficient, simple to use, and come at low cost. However, the intravascular warming systems segment is expected to report a higher CAGR during the course of the forecast period. The growth witness in the segment is ascribable to the rising incidence of cardiovascular ailments, traumatic brain injury, and stroke.

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Major patient warming device applications comprise four segments: Acute care, perioperative care, new born care, and others. Among major application segments for patient warming devices, acute care applications are gaining intense popularity and there have been increasing demand from acute care centers located world over. The perioperative care segment held the largest share in the global market in 2015. It is also expected to remain the dominant application segment through the forecast period. The rising incidence of severe illnesses and disorders that lead to the requirement of surgical intervention is often accompanied by hypothermia. Therefore, perioperative care segment would increasingly contribute towards the global patient warming devices market during the forecast period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Life Science Microscopy Devices Market to Report a CAGR of 6.5% Between 2016 and 2024

Global Life Science Microscopy Devices Market: Snapshot

Technological advancements aimed at innovating the latest models of microscopes have been very common in the recent past. These efforts are appreciated and encouraged as researchers are in constant need of novel technologies to investigate various types of cells, substances, and materials as minutely as possible. Application of microscopy devices is thus highly relevant in nanotechnology, material science, semiconductor, biotechnology, and life science industries. Among these, the demand for microscopy devices is quite high in the field of life science, as these instruments assist in the study of cellular interactions at biological levels and various other functions.

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Microscopes are available in different types depending upon their operational capabilities and features. For instance optical microscopes such as stereo microscopes, phase contrasts, and the fluorescence microscopes work on the light reflections, while electron microscopes uses electron beam to produce images and magnify. Overall, the demand for microscopy devices in the field of life science has steadily risen in the last few years and is projected to continue treading along a positive curve in the coming years.

According to Transparency Market Research (TMR), the global life science microscopy devices market is expected to reach US$2.0 bn by the end of 2024, from its valuation of US$1.1 bn in 2015. If these figures hold true, the global life science microscopy devices market will exhibit a positive CAGR of 6.5% between 2016 and 2024.

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Prevalence of Fierce Competition to Negatively Impact Demand for Optical Microscopes

Based on device type, the global life science microscopy devices market was dominated by optical microscopes in 2015. The high demand for these microscopes across research laboratories in emerging nations and their increasing applications in clinical/pathology and pharmacology & toxicology, besides their low cost are key reasons behind them constituting the key device category. In 2015, the optical microscopes segment held the dominant share of 51.9% in the overall market. However, due to the prevalence of fierce competition and the entry of new players, growth witnessed in this segment is likely to get restrained in the coming years.

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Electron microscopes emerged as the second-leading segment based on device type in 2015. However, in terms of volume the scanning probe microscopes segment accounted for the second-largest market share in the same year.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Endometrial Ablation Market will Going to be Worth US$1.3 bn by the End of 2024

Global Endometrial Ablation Market: Snapshot

With the rising prevalence of gynecology disorders, such as polycystic ovarian disease (PCOD), abnormal vaginal bleeding, the global adoption of endometrial ablation procedures has increased significantly, leading to an impressive rise in the worldwide endometrial ablation market. Apart from this, the upswing in the incidence rate of cervical and endometrial cancer in women is also driving the growth of this market substantially across the world.

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Over the forthcoming years, the growing awareness among consumers regarding the benefits of endometrial ablation procedures, such as cost efficiency, minimal invasiveness, and shorter hospital stay, is projected to fuel the demand for these procedures considerably, reflecting positively on this market. However, the stringent regulatory laws and regulations for clinical trials, product designing, and commercialization may create trouble for the market players in the near future.

On the whole, the global market for endometrial ablation, which was worth US$0.8 bn in 2015, is expected to progress at a CAGR of 5.50% between 2016 and 2024 and reach US$1.3 bn by the end of 2024.

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Radiofrequency Endometrial Ablation Devices to Continue Witnessing High Demand

Cryoablation device, hydrothermal ablation device, electrical ablation device, microwave endometrial ablation device, thermal balloon ablation device, radiofrequency endometrial ablation device, hysteroscopy device, and several other devices, such as ultrasound transducers and laser ablation device are the main products available in the global market for endometrial ablation.

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Among these, radiofrequency endometrial ablation devices witnesses a higher demand than other devices and are expected to remain so, occupying nearly 58% of the overall market by the end of the forecast period. The ease of usage, cost benefits, and short surgical procedures have increased the popularity of microwave endometrial ablation devices, which is likely to reflect greatly on their adoption in the near future.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Smart Medical Devices Market to Surge at a CAGR of 7.8%from 2016 to 2024

Global Smart Medical Devices: Snapshot

Smart medical devices have gained traction in the recent past due to the multitude of benefits they provide to the patient and the caregiver. These devices have radically changed the way a disease is managed, by storing copious amounts of data in a logical format to draw insightful inferences. From understanding patterns of diseases or health issues, smart medical devices have largely helped users to keep an efficient tract of their health and fitness regime. Owing to these reasons, the global smart medical devices market is expected to soar at a CAGR of 7.8% to reach US$66.1 bn by 2024 as compared to US$33.7 bn in 2015.

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Convenience of Tracking Health Issues through Smart Medical Devices Bodes Well for Global Market

Smart medical devices are being used as important tools by physicians to detect various disease by monitoring vital signs. Chronic disease such as hypertension and diabetes have thus received a fresh perspective from both the medical industry as well as the patients. From a broader perspective, these devices have drastically reduced the workload for healthcare providers by closely monitoring patient health and taking quick action in case of any major change in the readings. The report predicts that the demand for smart medical devices will be attributable to the growing pool of geriatrics, who are prone to a wide range of illnesses. Furthermore, the rapid technological advancements in the fitness devices have also lured in a large base of consumers who are interested in monitoring their heart rate, calorie intake, and the number of calories burned. The user-friendliness of these devices is also expected to fuel the uptake of smart medical devices in the coming few years.

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Diagnostic and Monitoring Devices to Remain Popular as Inclination toward Fitness Increases

The various products available in the smart medical devices market are On the basis of product, the global market is segmented into therapeutic devices, diagnostic and monitoring devices, and injury prevention and rehabilitation devices. Of these, the diagnostic and monitoring devices segment is expected to dominate the global market. Growing awareness toward fitness is expected to drive the uptake of these devices. The quick and easy accessibility to fitness prompts, near-accurate monitoring of health condition such as diabetes and blood pressure, and wide availability of devices in varying price range is expected to work in favor of this segment.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Hepatitis E Diagnostic Tests Market  to Report a CAGR of 3.80%Between 2016 and 2024

Global Hepatitis E Diagnostic Tests Market: Snapshot

The growing incidence of hepatitis E, a liver disease caused by infection due to the virus hepatitis E virus (HEV), is a leading cause of morbidity and mortality worldwide. There is increasing prevalence of hepatitis E in resource-limited region, such as various countries of Asia Pacific. The people of these regions suffer with frequent water contamination and have limited access to sanitation and hygiene, making it imperative for the diagnosis of hepatitis E. These factors have spurred the demand for hepatitis E diagnostic tests, especially among young adults in the age of 15 to 40 years. The growing awareness of the related symptoms of the disease has propelled the growth of the market in various regions.

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The global hepatitis E diagnostic tests market is anticipated to rise at a CAGR of 3.80% from 2016 to 2024. The market was valued at US$43.7 mn in 2015 and expected to reach US$60.4 mn by the end of the forecast period.

The global hepatitis E diagnostic tests market is extremely competitive with the leading players adopting a competitive pricing strategy of various diagnostic tests, including the kits used for the primary ELISA HEV IgM tests.

Hepatitis E Hyper-endemicity in Asian Economies to Ensure Dominance of Asia Pacific Region

On the basis of geography, the global market is segmented into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Of these, Asia Pacific is the leading regional market. The impressive growth of the market is attributed to hepatitis E assuming endemic proportions in various Asian countries, especially resource-poor regions, such as Nepal, Vietnam, Pakistan, Bangladesh, Burma, Kazakhstan, Thailand, and Bhutan. The regional market is poised to attain a share of over 48% by the end of 2024.

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Besides, the Middle East and Africa is expected to witness a steady and substantial demand for the hepatitis E diagnostic tests. The growth in the regional market is driven by increasing prevalence of hepatitis E in countries such as Kenya, Uganda, Nigeria, and Morocco attributable to poor hygienic conditions, limited access to safe drinking water, and lack of sanitation. The soaring number of people suffering from Hepatitis E, especially the prevalence of the disease across pregnant women, has made it a public health concern in the region. Consequently, the governments of various countries of Africa are making evidence-based control policies, including the modes of transmission. Timely treatment calls for extensive tests for people who are more prone to infections, especially those using contaminated piped water.  This has spurred the demand for Hepatitis E diagnostic tests fuelling the regional market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Prefilled Syringes Market to Surge at a CAGR of 9.3%from 2016 to 2024

Prefilled Syringes Market: Snapshot 

Parenteral is one of the most commonly used route of drug administration, oral administration being the most preferred one. A steady rise in the development and availability of parenteral drugs has resulted in the increasing demand for several advanced drug delivery devices that promise cost containment as well as ease of administration.

Prefilled syringes are one of the most rapidly expanding segments of the injectable drug delivery devices market. There are several benefits of prefilled syringes over traditional delivery systems: improved safety, ease of administration, accurate dosing, and reduced risk of contamination. These advantages form the basic foundation for the success of prefilled syringes and are likely to continue driving the market during the forecast period.

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Technical advances in the sector, rapid growth in the biologics market, and the growing preference for self-administration using autoinjectors, prefilled syringes, and pen injectors are the key factors boosting the global market for prefilled syringes.

The global sales of prefilled syringes amounted to US$3.5 bn in 2015 and is projected to reach US$7.9 bn, expanding at a CAGR of 9.3% over the period of 2016 to 2024.

Glass Prefilled Syringes to Lose Market Share Despite being Most Preferred Segment 

Prefilled syringes are available in two key types – plastic (polymer) and glass – depending on the kind of material used to develop the barrel of the syringe. Despite the fact that the industry has been reporting a growing use of polymers by many manufacturers of syringes, glass is still considered to be the top-most choice and will continue to dominate the market in terms of volume as well as revenue. This is attributed to the fact that changing the perception of healthcare practitioners and manufacturers over the preference of glass over plastic is expected to be a rather gradual process. The segment of glass prefilled syringes is anticipated to lose market share toward the end of the forecast period, which will be replaced by plastic syringes. The latter is expected to grow at a CAGR of 10.8% from 2016 to 2024.

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By application, the market is segmented into vaccines, monoclonal antibodies, and others. On the basis of distribution channel, the prefilled syringes market is categorized into hospitals, ambulatory surgical centers, and mail order pharmacies.

Japan Most Promising Market in APAC Prefilled Syringes Market 

Europe has maintained its position as the leading regional market for prefilled syringes in terms of volume (unit consumption) as well as revenue. However, the APAC market for prefilled syringes is anticipated to exhibit strong growth at a CAGR of 11.3% during the forecast period. The presence of leading drug manufacturers in the region requiring prefillable syringes and the high conversion rate from vials to prefilled syringes are the primry factors likely to support the growth of the APAC market.

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Asia Pacific is perceived as a follower rather than a leader when it comes to the development and adoption of new technologies. Although the prefilled syringes market is presently in its stage of infancy in APAC, factors such as improving economic conditions, the rising purchasing power of the people, the growth in awareness regarding the advantages of prefilled syringes, and the presence of a large patient suffering from various chronic diseases are expected to drive the market to register a double-digit CAGR. In Asia Pacific, Japan accounts for the major share in the market by revenue as well as volume.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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PACS and RIS Market  is Projected to be Worth US$3.9 bn by 2024

Global PACS and RIS Market: Snapshot

The global market for Picture archiving and communication systems (PACS) and radiology information systems (RIS) have witnessed rise at a significant pace in the past few years owing to the efficiency they enable in the proper management of data in healthcare facilities. The mounting rise in demand for digitization in the healthcare industry will continue to drive the market in the next few years as well.

Transparency Market Research estimates that the global PACS and RIS will exhibit a promising 7.0% CAGR over the period between 2016 and 2024, rising from US$2.2 bn in 2015 to US$3.9 bn in 2024.

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Cloud-based PACS and RIS to Witness Most Promising Growth

On the basis of product type, the global PACS and RIS market witnessed the emergence of PACS as the leading segment in terms of revenue in 2015. The widespread use of PACS and the continuously rising demand across the cardiology and orthopedics sectors are expected to help PACS retain its dominance over the forecast period as well. Of the variety of types of PACS products available in the global market, the segment of oncology PACS is expected to be the segment with the most significant growth over the report’s forecast period. The rising prevalence of a variety of cancers is expected to be the leading factor to drive the increased demand for oncology PACS.

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From the components perspective, the services segment accounts for the dominant share in the global PACS and RIS market. The demand for PACS and RIS services has significantly increased in the past few years owing to the increased need for the regular maintenance and servicing of software and hardware. In terms of deployment, the market is presently dominated by the web-based segment, owing to the high demand for multi-modality support for the effective management of medical image practice workflow. However, the cloud-based segment is expected to witness the most promising growth over the forecast period owing to cost effectiveness and flexibility provided by the cloud model.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Medical Education Market is Projected to Soar at a Value CAGR of 4.30% from 2016 to 2024

Global Medical Education Market: Snapshot

The global market for medical education is likely to grow at a fast pace in the next few years. The technological developments in the medical sector and the development of diverse and updated courses are estimated to support the development of the global medical education market in the next few years. Furthermore, the globalization of the healthcare education is expected to accelerate the market growth in the near future.

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Rising Trend of Online Education to Drive Global Medical Education Market

In 2015, the global market for medical education was worth US$25.9 bn and is projected to attain a value of US$38.4 bn by the end of 2024. The market is predicted to exhibit a healthy 4.30% CAGR between 2016 and 2024, states a new report by Transparency Market Research.

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The rise in the demand for cardiovascular disease treatments with enhanced clinical outcomes is the key factor estimated to enhance the growth of the global medical education market in the next few years. The increasing number of institutes in the e-learning industries, especially in developing economies and the increasing research and development activities are anticipated to support the growth of the global medical education market in the near future. In addition to this, the development of the healthcare sector and the advancements in the education and medical sector are projected to offer growth prospects for the players across the globe. On the other hand, the high cost related to the medical education and the lack of internet connection in developing countries are estimated to restrict the growth of the global medical education market in the near future.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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