Sheersh Shrivastava

Sheersh Shrivastava

@industrytrends

  • Increasing Population Leading to Medical Display Monitor Market Growth

    For more insights:- psmarketresearch.com/market-analysis/medical-display-monitor-market

    Display monitors are among the most essential and easily recognizable equipment types at healthcare settings. A lot of the diagnoses these days are made by doctors based on what they see on these monitors. From the results of imaging studies and vital sign readings to what is going on inside the body, as the surgeon operates, everything can be seen on such screens. With the increasing population around the world, the demand for healthcare services is constantly going up. With more medical centers being set up in this regard, the procurement of display monitors is also rising.

    This is why among all the resolution ranges these appliances come in — up to 2 MP, 3 MP–4 MP, 5 MP–8 MP, and above 8 MP — the demand for 5–8 MP monitors is expected to increase the fastest in the coming years. Similarly, of the monochrome and color variants, color variants are more commonly seen in healthcare settings, as they offer better visualization. The better the picture, the more confident the doctor can be in making a diagnosis, and in turn, more effective would be the treatment prescribed.

    Apart from diagnosis, display monitors are also used in surgery and clinical applications. Among these, diagnosis has been the largest application area of these screens, without which X-ray, ultrasound, positron emission tomography (PET), computed tomography (CT), and magnetic resonance imaging (MRI) systems are unimaginable today. Apart from radiological machines, even a large number of systems which analyze the blood and urine for abnormal substances are integrated with display monitors, for quick medical intervention.

    Along with diagnosis, the usage of display monitors is also rapidly rising in surgeries, especially with the advent of minimally invasive surgeries (MIS) and hybrid operating rooms (OR). A hybrid OR has a number of monitors, attached to imaging modalities, which assist surgeons in complex operational procedures. Apart from imaging systems, the vital sign monitor in ORs too have a monitor, so if any anomaly is detected in any of the waveforms, doctors can immediately do the needful.

    Therefore, with the increasing demand for such systems, companies providing them have upped their product development activities. For instance, CuratOR LX550W, a 55-inch 4K ultra-high-definition (UHD) monitor, was launched by EIZO GmbH in October 2017, for interventional endoscopy and radiology. In June 2016, the company had acquired Panasonic Healthcare Co. Ltd.’s endoscope monitor business, to offer 4K and 3D endoscopy monitors for ORs. Similarly, LG Display Co. Ltd. introduced a transparent and flexible organic light-emitting diode (OLED) monitor, in a 77-inch size, in June 2017.

    The increasing usage of display monitors in ORs is also credited to the rising preference for MISs, which is also why North America has been the largest medical display monitor market till now. According to the American Society of Plastic Surgeons, 17.7 million MISs were performed in the U.S. in 2018, which was an increase of 2% from previous year. In the coming years, the highest rise in the procurement of medical display monitors is predicted in Latin America (LATAM), as a result of the advancing healthcare infrastructure in the region.

    Hence, as the number of medical centers and patients increase, so will the sale of display monitors.
    Increasing Population Leading to Medical Display Monitor Market Growth For more insights:- psmarketresearch.com/market-analysis/medical-display-monitor-market Display monitors are among the most essential and easily recognizable equipment types at healthcare settings. A lot of the diagnoses these days are made by doctors based on what they see on these monitors. From the results of imaging studies and vital sign readings to what is going on inside the body, as the surgeon operates, everything can be seen on such screens. With the increasing population around the world, the demand for healthcare services is constantly going up. With more medical centers being set up in this regard, the procurement of display monitors is also rising. This is why among all the resolution ranges these appliances come in — up to 2 MP, 3 MP–4 MP, 5 MP–8 MP, and above 8 MP — the demand for 5–8 MP monitors is expected to increase the fastest in the coming years. Similarly, of the monochrome and color variants, color variants are more commonly seen in healthcare settings, as they offer better visualization. The better the picture, the more confident the doctor can be in making a diagnosis, and in turn, more effective would be the treatment prescribed. Apart from diagnosis, display monitors are also used in surgery and clinical applications. Among these, diagnosis has been the largest application area of these screens, without which X-ray, ultrasound, positron emission tomography (PET), computed tomography (CT), and magnetic resonance imaging (MRI) systems are unimaginable today. Apart from radiological machines, even a large number of systems which analyze the blood and urine for abnormal substances are integrated with display monitors, for quick medical intervention. Along with diagnosis, the usage of display monitors is also rapidly rising in surgeries, especially with the advent of minimally invasive surgeries (MIS) and hybrid operating rooms (OR). A hybrid OR has a number of monitors, attached to imaging modalities, which assist surgeons in complex operational procedures. Apart from imaging systems, the vital sign monitor in ORs too have a monitor, so if any anomaly is detected in any of the waveforms, doctors can immediately do the needful. Therefore, with the increasing demand for such systems, companies providing them have upped their product development activities. For instance, CuratOR LX550W, a 55-inch 4K ultra-high-definition (UHD) monitor, was launched by EIZO GmbH in October 2017, for interventional endoscopy and radiology. In June 2016, the company had acquired Panasonic Healthcare Co. Ltd.’s endoscope monitor business, to offer 4K and 3D endoscopy monitors for ORs. Similarly, LG Display Co. Ltd. introduced a transparent and flexible organic light-emitting diode (OLED) monitor, in a 77-inch size, in June 2017. The increasing usage of display monitors in ORs is also credited to the rising preference for MISs, which is also why North America has been the largest medical display monitor market till now. According to the American Society of Plastic Surgeons, 17.7 million MISs were performed in the U.S. in 2018, which was an increase of 2% from previous year. In the coming years, the highest rise in the procurement of medical display monitors is predicted in Latin America (LATAM), as a result of the advancing healthcare infrastructure in the region. Hence, as the number of medical centers and patients increase, so will the sale of display monitors.
    ·378 Views
  • Rising Industrialization and Urbanization giving Rise to Increased Demand for GNSS Chips

    For more insights:- https://www.psmarketresearch.com/market-analysis/gnss-chip-market

    The rising emphasis on the growth of smart cities is the main factor driving the GNSS chip market all around the world. The advance of smart cities denotes an urban development vision to integrate IoT technology and ICT in a secure means for managing the resources of the city in an effective manner. Rapid urbanization all around the world is leading to the snowballing focus on more sustainable kinds of cities.

    Because of this, governments of numerous nations are more and more funding smart city projects. GNSS chips are utilized as a key enabler in smart city infra, in addition to in well-organized city planning and upkeep. Hence, the fast urbanization, in the company with the growing emphasis on the progress of smart cities, is responsible for the GNSS chip market growth.

    The market is categorized into transport, automotive, consumer electronics, agriculture, construction, marine and military, and defense. Among all of these verticals, the automotive one has the largest demand in the GNSS chip market. As a result of the increasing technological improvements in connected vehicles, the need for GNSS-enabled applications and services in the automotive sector is constantly rising at a global level.

    Smart Cities use big data and IoT for the exchange of digital info and communication for improvising the city services regarding performance, excellence, and well-being of citizens. The applications associated with Smart City are advanced keeping in mind the development of urban flow management. The number of people living in cities will be doubled by 2050. The urban population will reach six billion by 2050. This will surge the enormous pressure on the accessible resource

    The GNSS chip market is categorized into, tablets, smartphones, PND, in-vehicle systems, and others. Among these, smartphones are the market dominator and will continue like this in the coming years as well. This has much to do with the increasing demand for smartphones, as a result of their falling prices in the global market, particularly in developing nations. The falling prices are directly responsible for the people buying more smartphones and thus propelling the demand for navigation chips.

    The major companies in the GNSS chip market are focusing on the introduction of products and partnerships to increase their standing. Chip manufacturers are focusing more and more on strategic associations with tech providers to syndicate each other’s know-how and offer enhanced GNSS chips. The main market players include Broadcom Limited, Qualcomm Incorporated Intel Corporation, Skyworks Solutions Inc., Furuno Electric Co. Ltd., Quectel Wireless Solutions Co. Ltd., NXP Semiconductors, Navika Electronics, MediaTek Inc., and U-blox Holding AG.

    The increasing demand for wearable and connected devices and electronics, and the growing requirement for accurate and instantaneous data are driving the demand for GNSS chip technology.
    Rising Industrialization and Urbanization giving Rise to Increased Demand for GNSS Chips For more insights:- https://www.psmarketresearch.com/market-analysis/gnss-chip-market The rising emphasis on the growth of smart cities is the main factor driving the GNSS chip market all around the world. The advance of smart cities denotes an urban development vision to integrate IoT technology and ICT in a secure means for managing the resources of the city in an effective manner. Rapid urbanization all around the world is leading to the snowballing focus on more sustainable kinds of cities. Because of this, governments of numerous nations are more and more funding smart city projects. GNSS chips are utilized as a key enabler in smart city infra, in addition to in well-organized city planning and upkeep. Hence, the fast urbanization, in the company with the growing emphasis on the progress of smart cities, is responsible for the GNSS chip market growth. The market is categorized into transport, automotive, consumer electronics, agriculture, construction, marine and military, and defense. Among all of these verticals, the automotive one has the largest demand in the GNSS chip market. As a result of the increasing technological improvements in connected vehicles, the need for GNSS-enabled applications and services in the automotive sector is constantly rising at a global level. Smart Cities use big data and IoT for the exchange of digital info and communication for improvising the city services regarding performance, excellence, and well-being of citizens. The applications associated with Smart City are advanced keeping in mind the development of urban flow management. The number of people living in cities will be doubled by 2050. The urban population will reach six billion by 2050. This will surge the enormous pressure on the accessible resource The GNSS chip market is categorized into, tablets, smartphones, PND, in-vehicle systems, and others. Among these, smartphones are the market dominator and will continue like this in the coming years as well. This has much to do with the increasing demand for smartphones, as a result of their falling prices in the global market, particularly in developing nations. The falling prices are directly responsible for the people buying more smartphones and thus propelling the demand for navigation chips. The major companies in the GNSS chip market are focusing on the introduction of products and partnerships to increase their standing. Chip manufacturers are focusing more and more on strategic associations with tech providers to syndicate each other’s know-how and offer enhanced GNSS chips. The main market players include Broadcom Limited, Qualcomm Incorporated Intel Corporation, Skyworks Solutions Inc., Furuno Electric Co. Ltd., Quectel Wireless Solutions Co. Ltd., NXP Semiconductors, Navika Electronics, MediaTek Inc., and U-blox Holding AG. The increasing demand for wearable and connected devices and electronics, and the growing requirement for accurate and instantaneous data are driving the demand for GNSS chip technology.
    WWW.PSMARKETRESEARCH.COM
    GNSS Chip Market Research Analysis Report, 2030
    The global GNSS chip market is expected to reach $5,538.5 million by 2023 at a CAGR of 7.3% CAGR. The growing focus on the development of smart cities is propelling the GNSS chip market.
    ·318 Views
  • Biorefinery Review: Benefits and Purpose

    For more insights:- https://www.psmarketresearch.com/market-analysis/biorefinery-market

    A biorefinery is a building that combines machinery and processes for converting biomass into fuels, electricity, and high-value chemicals. A biorefinery is comparable to the modern petroleum refinery, which converts crude oil into a variety of fuels and products.
    A biorefinery maximizes the value received from the biomass feedstock by using the numerous components in biomass and associated intermediates to produce a number of products.

    One or more low-volume, high-value chemical compounds might be produced by a biorefinery, as well as low-value, high-volume liquid transportation fuels like biodiesel or bioethanol. It can generate energy and process heat simultaneously using CHP technology for its own needs and maybe enough to sell electricity to the nearby utility.
    High-value goods boost profits, high-volume fuel supplies fulfill energy demands, and power generation lowers energy prices and lowers greenhouse gas emissions from conventional power plant facilities.

    The Method and Its Purposes

    In order to create goods that are generally created from petroleum or other fossil fuels, organic resources are transformed into chemicals to create bioproducts. Hemicellulose, cellulose, and lignin are used as feedstocks by the biorefinery to create a variety of bio-products from forestry, agricultural, and municipal waste sources.

    Products include hydrogen, ethanol, bio-oils, carbon char, industrial glues, flavorings, and other industrial chemicals. Carbon char is also an ecologically friendly fertilizer to eliminate pollutants from industrial smokestacks.

    The energy, agribusiness, bioplastic, transportation, construction goods, pharmaceutical, and paper sectors all employ these products.

    Many nations are working to eliminate their reliance on the importation of crude oil. The European Union alone established a goal of having at least 20% of its total energy consumption met by renewable energy sources by 2020 in accordance with the Renewable Energy Directive (RED).

    Similarly, the U.S. renewable fuel standard project was established to lower greenhouse gas emissions and boost the country's renewable fuel industry. Biofuels are also the most effective replacements for fossil fuels since they can be generated locally.

    Benefits of Biorefineries

    • Provides for the country's energy demands by manufacturing a range of fuels

    • Efficiently generates its own electricity

    • Provide the chance for both the agriculture and forestry industries to experience economic growth.

    • The development of jobs benefits rural economies.

    • Reduces greenhouse gas emissions while producing fuels, chemical products, and bioproducts in a sustainable way.

    • Utilizes nearby municipal and agricultural garbage to mitigate disposal issues
    • Creates an economically competitive production method.

    Future Perspectives

    Most places in the world are still in the infancy of the biomass-based refinery concept. The development of the model at commercial sizes is being hampered by issues, including raw material availability, product supply chain viability, and model scalability.

    The NREL of the U.S. States is at the forefront of biorefinery research with ground-breaking breakthroughs.

    Even if the technology is still in its infancy, it contains the secret to the optimal usage of natural resources and wastes that mankind has long sought to attain. Governments and the private sector are responsible for encouraging or funding research and growth in this incredibly potential area.
    Biorefinery Review: Benefits and Purpose For more insights:- https://www.psmarketresearch.com/market-analysis/biorefinery-market A biorefinery is a building that combines machinery and processes for converting biomass into fuels, electricity, and high-value chemicals. A biorefinery is comparable to the modern petroleum refinery, which converts crude oil into a variety of fuels and products. A biorefinery maximizes the value received from the biomass feedstock by using the numerous components in biomass and associated intermediates to produce a number of products. One or more low-volume, high-value chemical compounds might be produced by a biorefinery, as well as low-value, high-volume liquid transportation fuels like biodiesel or bioethanol. It can generate energy and process heat simultaneously using CHP technology for its own needs and maybe enough to sell electricity to the nearby utility. High-value goods boost profits, high-volume fuel supplies fulfill energy demands, and power generation lowers energy prices and lowers greenhouse gas emissions from conventional power plant facilities. The Method and Its Purposes In order to create goods that are generally created from petroleum or other fossil fuels, organic resources are transformed into chemicals to create bioproducts. Hemicellulose, cellulose, and lignin are used as feedstocks by the biorefinery to create a variety of bio-products from forestry, agricultural, and municipal waste sources. Products include hydrogen, ethanol, bio-oils, carbon char, industrial glues, flavorings, and other industrial chemicals. Carbon char is also an ecologically friendly fertilizer to eliminate pollutants from industrial smokestacks. The energy, agribusiness, bioplastic, transportation, construction goods, pharmaceutical, and paper sectors all employ these products. Many nations are working to eliminate their reliance on the importation of crude oil. The European Union alone established a goal of having at least 20% of its total energy consumption met by renewable energy sources by 2020 in accordance with the Renewable Energy Directive (RED). Similarly, the U.S. renewable fuel standard project was established to lower greenhouse gas emissions and boost the country's renewable fuel industry. Biofuels are also the most effective replacements for fossil fuels since they can be generated locally. Benefits of Biorefineries • Provides for the country's energy demands by manufacturing a range of fuels • Efficiently generates its own electricity • Provide the chance for both the agriculture and forestry industries to experience economic growth. • The development of jobs benefits rural economies. • Reduces greenhouse gas emissions while producing fuels, chemical products, and bioproducts in a sustainable way. • Utilizes nearby municipal and agricultural garbage to mitigate disposal issues • Creates an economically competitive production method. Future Perspectives Most places in the world are still in the infancy of the biomass-based refinery concept. The development of the model at commercial sizes is being hampered by issues, including raw material availability, product supply chain viability, and model scalability. The NREL of the U.S. States is at the forefront of biorefinery research with ground-breaking breakthroughs. Even if the technology is still in its infancy, it contains the secret to the optimal usage of natural resources and wastes that mankind has long sought to attain. Governments and the private sector are responsible for encouraging or funding research and growth in this incredibly potential area.
    WWW.PSMARKETRESEARCH.COM
    Global Biorefinery Market Size, Share, Growth | Industry Analysis -P&S Intelligence
    In 2014, the global biorefinery market stood at $432.4 billion, which is projected to witness a growth rate at a CAGR of 14.0% during the forecast period.
    ·673 Views
  • What Factors are Responsible for Boom of Mobile Health Market in Asia-Pacific?

    For more insights:- https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market

    The increasing penetration of internet across the world is one of the key factors responsible for the surge in the demand for mobile health (mHealth) technology. Due to the development of affordable 3G and 4G spectrum and numerous mobile applications, the number of mobile phone users is soaring in several countries. As per the World Bank development indicators, 44 out of 100 people were found to use internet globally in 2016. As per the China Internet Network Information Center (CNNIC), the country had 731 million internet users in 2016, with 95% of them being mobile users.

    The rising prevalence of various lifestyle-associated diseases and ailments and rapidly growing population are the other important factors pushing the demand for mhealth technology across the globe. Since the last few years, there has been a huge growth in the number of integrated mobile applications and connected medical devices and these have significantly boosted the adoption of mobile health technology. mHealth allows the doctors to diagnose the patients and provide them personalised treatment plans with the help of effective data capturing, visualization, and analysis provided by the integrated mobile applications.

    Out of the connected devices, mHealth apps, and services, the mHealth provided by the connected devices registered the highest adoption in 2017 and this trend is expected to continue during the forecast period as well. This is mainly attributed to the numerous advantages provided by these connected devices (blood pressure monitors, ECG monitors, pulse oximeters, sleep apnea monitors, multiparameters, and blood glucose monitors) such as real-time disease management, rising number of remote monitoring applications, enhanced patient outcomes, and low cost of patient care and treatment.

    Globally, North America recorded the highest adoption of mHealth technology in 2017, owing to the presence of a huge geriatric population, high incidence of chronic diseases, huge healthcare spending, and easier customer accessibility to connected medical devices in the region. Asia-Pacific (APAC), on account of the surging geriatric population, rising prevalence of chronic diseases, and skyrocketing healthcare investments, is expected to observe the fastest growth in the utilization of mHealth technology during the forecast period. The surging geriatric population propels the demand for remote monitoring devices, thereby driving the growth of the mHealth market in the region.

    Therefore, it can be concluded that owing to the rising geriatric population levels in several countries, increasing occurrence of chronic diseases, and the growing number of internet and smartphone users, the demand for mHealth technology will increase rapidly over the next few years.
    What Factors are Responsible for Boom of Mobile Health Market in Asia-Pacific? For more insights:- https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market The increasing penetration of internet across the world is one of the key factors responsible for the surge in the demand for mobile health (mHealth) technology. Due to the development of affordable 3G and 4G spectrum and numerous mobile applications, the number of mobile phone users is soaring in several countries. As per the World Bank development indicators, 44 out of 100 people were found to use internet globally in 2016. As per the China Internet Network Information Center (CNNIC), the country had 731 million internet users in 2016, with 95% of them being mobile users. The rising prevalence of various lifestyle-associated diseases and ailments and rapidly growing population are the other important factors pushing the demand for mhealth technology across the globe. Since the last few years, there has been a huge growth in the number of integrated mobile applications and connected medical devices and these have significantly boosted the adoption of mobile health technology. mHealth allows the doctors to diagnose the patients and provide them personalised treatment plans with the help of effective data capturing, visualization, and analysis provided by the integrated mobile applications. Out of the connected devices, mHealth apps, and services, the mHealth provided by the connected devices registered the highest adoption in 2017 and this trend is expected to continue during the forecast period as well. This is mainly attributed to the numerous advantages provided by these connected devices (blood pressure monitors, ECG monitors, pulse oximeters, sleep apnea monitors, multiparameters, and blood glucose monitors) such as real-time disease management, rising number of remote monitoring applications, enhanced patient outcomes, and low cost of patient care and treatment. Globally, North America recorded the highest adoption of mHealth technology in 2017, owing to the presence of a huge geriatric population, high incidence of chronic diseases, huge healthcare spending, and easier customer accessibility to connected medical devices in the region. Asia-Pacific (APAC), on account of the surging geriatric population, rising prevalence of chronic diseases, and skyrocketing healthcare investments, is expected to observe the fastest growth in the utilization of mHealth technology during the forecast period. The surging geriatric population propels the demand for remote monitoring devices, thereby driving the growth of the mHealth market in the region. Therefore, it can be concluded that owing to the rising geriatric population levels in several countries, increasing occurrence of chronic diseases, and the growing number of internet and smartphone users, the demand for mHealth technology will increase rapidly over the next few years.
    WWW.PSMARKETRESEARCH.COM
    mHealth Market Size, Share | Industry Analysis Report 2023
    The global mHealth market generated $23.0 billion revenue in 2017 and is predicted to progress at a CAGR of 33.5% during 2018–2023. This significant growth in the market is mainly led by factors such as increasing penetration of smartphones, tablets and other mobile platform
    ·454 Views
  • How is Soaring Use of Radial-Access Procedures in Geriatric Population Fuelling Growth of Transradial Access Devices Market?

    For more insights:- https://www.psmarketresearch.com/market-analysis/transradial-access-devices-market

    The preference for radial artery access for interventional operations is steadily rising around the world. The numerous advantages of this approach in transarterial chemoembolization, in cancer treatment, are fuelling the surge in the preference for transradial access devices. Moreover, the suitability of the procedure for a wide range of patients, such as morbidly obese patients, those suffering from severe peripheral vascular diseases, elderly (especially women), and those on oral anticoagulation medicines, and thus, at an extremely high risk of vascular access site bleeding, makes these devices highly sought-after.

    These devices are used in various procedures in the healthcare industry, such as drug administration, blood transfusion, diagnostics and testing, and fluid and nutrition administration. Amongst these, the demand for these devices was the highest for the drug administration application in 2017, mainly due to the wide-scale utilization of vascular-access devices for medication and treatment of cancer and several infections. As per the World Health Organization, 18.1 million people were diagnosed with the disease in 2018, and 9.6 million succumbed to it that year.

    There are several transradial access devices presently available for purchase: catheters, guide wires, sheaths & sheath introducers, and accessories. Out of these, catheters recorded the highest demand in 2017, mainly owing to the high occurrence rate of coronary artery disease amongst the masses and the resultant increase in the adoption of interventional surgical operations and angiography. These devices are commonly used in ambulatory care centers (ACCs), hospitals, and clinics, amongst which hospitals are predicted to register the highest demand for these devices in the coming years, as they record the highest patient footfall.

    The transradial access devices market is currently witnessing the rising number of collaborations of manufacturing companies with medical device preprocessing firms, shifting focus toward the development of robotic-assisted catheter systems, and increasing activities of the prominent companies in developing countries. In addition to this, the major companies are also launching innovative products in order to better serve customers and the medical cause. For instance, Teleflex Incorporated received the 510(k) clearance from the United States Food and Drug Administration (USFDA) in 2017 for its Spectre Guidewire and Twin-Pass Torque Dual Access Catheter.

    Geographically, Europe witnessed the largest sale of transradial access devices in 2017. This was mainly due to the wide-scale acceptance and utilization of transradial intervention (TRI), as the default procedure for percutaneous coronary interventions (PCI), in Europe. In addition to this, the setting up of outpatient clinics, providing same-day discharge from cath labs, performing TRI, further boosted the demand for transradial access devices here. On the basis of country-wise analysis, the U.S., Canada, and Japan are expected to record the highest demand for such instruments, amongst the developed nations, during the forecast period.

    Therefore, it can be concluded that the demand for transradial access devices is set to skyrocket in the coming years, owing to the numerous advantages offered by them over snaking a catheter or tubing through the femoral vein in the thigh.
    How is Soaring Use of Radial-Access Procedures in Geriatric Population Fuelling Growth of Transradial Access Devices Market? For more insights:- https://www.psmarketresearch.com/market-analysis/transradial-access-devices-market The preference for radial artery access for interventional operations is steadily rising around the world. The numerous advantages of this approach in transarterial chemoembolization, in cancer treatment, are fuelling the surge in the preference for transradial access devices. Moreover, the suitability of the procedure for a wide range of patients, such as morbidly obese patients, those suffering from severe peripheral vascular diseases, elderly (especially women), and those on oral anticoagulation medicines, and thus, at an extremely high risk of vascular access site bleeding, makes these devices highly sought-after. These devices are used in various procedures in the healthcare industry, such as drug administration, blood transfusion, diagnostics and testing, and fluid and nutrition administration. Amongst these, the demand for these devices was the highest for the drug administration application in 2017, mainly due to the wide-scale utilization of vascular-access devices for medication and treatment of cancer and several infections. As per the World Health Organization, 18.1 million people were diagnosed with the disease in 2018, and 9.6 million succumbed to it that year. There are several transradial access devices presently available for purchase: catheters, guide wires, sheaths & sheath introducers, and accessories. Out of these, catheters recorded the highest demand in 2017, mainly owing to the high occurrence rate of coronary artery disease amongst the masses and the resultant increase in the adoption of interventional surgical operations and angiography. These devices are commonly used in ambulatory care centers (ACCs), hospitals, and clinics, amongst which hospitals are predicted to register the highest demand for these devices in the coming years, as they record the highest patient footfall. The transradial access devices market is currently witnessing the rising number of collaborations of manufacturing companies with medical device preprocessing firms, shifting focus toward the development of robotic-assisted catheter systems, and increasing activities of the prominent companies in developing countries. In addition to this, the major companies are also launching innovative products in order to better serve customers and the medical cause. For instance, Teleflex Incorporated received the 510(k) clearance from the United States Food and Drug Administration (USFDA) in 2017 for its Spectre Guidewire and Twin-Pass Torque Dual Access Catheter. Geographically, Europe witnessed the largest sale of transradial access devices in 2017. This was mainly due to the wide-scale acceptance and utilization of transradial intervention (TRI), as the default procedure for percutaneous coronary interventions (PCI), in Europe. In addition to this, the setting up of outpatient clinics, providing same-day discharge from cath labs, performing TRI, further boosted the demand for transradial access devices here. On the basis of country-wise analysis, the U.S., Canada, and Japan are expected to record the highest demand for such instruments, amongst the developed nations, during the forecast period. Therefore, it can be concluded that the demand for transradial access devices is set to skyrocket in the coming years, owing to the numerous advantages offered by them over snaking a catheter or tubing through the femoral vein in the thigh.
    WWW.PSMARKETRESEARCH.COM
    Transradial Access Devices Market | Industry Share Report 2023
    The global transradial access devices market size was valued at $14.9 billion in 2017, and is expected to exhibit a CAGR of 8.4% during the forecast period. On the basis of product, catheters held a larger share in the transradial access devices market, accounting for more than 40% in 2017.
    ·477 Views
  • Surging Number of Amputations Propelling Demand for Medical Bionics

    For more insights:- https://www.psmarketresearch.com/market-analysis/medical-bionics-market

    With the surging incidence of amputations because of injuries and road accidents, the demand for medical bionics is rising sharply. As per the Association for Safe International Road Travel (ASIRT), around 2.35 million people are disabled or injured in the U.S. every year and road accidents cost nearly $230.6 billion (or an average of $820 per person) in the country. Additionally, as per the Organization for Economic Co-operation and Development (OECD), road accidents surged in the U.S., that is from 1.57 million in 2010 to 1.75 million in 2015, which consequently pushed up the requirement for medical bionics.

    Besides the aforementioned factor, the growing incidence of road accidents is also driving the demand for medical bionics across the world. As per the World Health Organization (WHO), nearly 1.3 million deaths are recorded every year because of road accidents. A traumatic amputation can result in partial or full amputation. In some cases, it may be possible to re-attach the detached body part. In this process, the remaining part of the limb that has been detached is operated upon and a prosthetic limb is fixed.

    These mishaps can be caused because of accidents at work or road accidents, such as motorcycle crashes or train crashes. Owing to these factors, the requirement for medical bionics is surging, which is fueling the expansion of the global medical bionics market. As per the estimates of the market research company, P&S Intelligence, the value of the market will rise from $16,226 million in 2017 to $28.1 billion by 2023. The market is also predicted to advance at a CAGR of 10.1% from 2018 to 2023.

    Depending on fixation type, medical bionics are divided into implantable and non-implantable bionics. Between these, the demand for implantable bionics was found to be higher in 2017. This was because of the fact that a large number of people opted for organ transplants and the high incidence of chronic diseases across the world. Heart, orthopedic, neural/brain, ear, and vision/eye are the most widely used types of medical bionics. Out of these, the demand for orthopedic medical bionics is predicted to rise at the fastest pace in the coming years.

    This will be because of the surging prevalence of upper and lower limb amputations, in which bionics are required. Geographically, the medical bionics market is expected to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This is credited to the increasing prevalence of diabetes, mushrooming population of geriatric people, rising incidence of chronic illnesses, soaring healthcare expenditure, and escalating per capita income of people in the region. Additionally, the increasing research activities being conducted in the field of medical bionics is also driving the expansion of the medical bionics market in the region.

    Hence, it can be said without any doubt that the demand for medical bionics will soar in the coming years, mainly because of the increasing incidence of injuries and amputations because of road accidents, mushrooming population of geriatric people, and rising prevalence of chronic diseases across the world.
    Surging Number of Amputations Propelling Demand for Medical Bionics For more insights:- https://www.psmarketresearch.com/market-analysis/medical-bionics-market With the surging incidence of amputations because of injuries and road accidents, the demand for medical bionics is rising sharply. As per the Association for Safe International Road Travel (ASIRT), around 2.35 million people are disabled or injured in the U.S. every year and road accidents cost nearly $230.6 billion (or an average of $820 per person) in the country. Additionally, as per the Organization for Economic Co-operation and Development (OECD), road accidents surged in the U.S., that is from 1.57 million in 2010 to 1.75 million in 2015, which consequently pushed up the requirement for medical bionics. Besides the aforementioned factor, the growing incidence of road accidents is also driving the demand for medical bionics across the world. As per the World Health Organization (WHO), nearly 1.3 million deaths are recorded every year because of road accidents. A traumatic amputation can result in partial or full amputation. In some cases, it may be possible to re-attach the detached body part. In this process, the remaining part of the limb that has been detached is operated upon and a prosthetic limb is fixed. These mishaps can be caused because of accidents at work or road accidents, such as motorcycle crashes or train crashes. Owing to these factors, the requirement for medical bionics is surging, which is fueling the expansion of the global medical bionics market. As per the estimates of the market research company, P&S Intelligence, the value of the market will rise from $16,226 million in 2017 to $28.1 billion by 2023. The market is also predicted to advance at a CAGR of 10.1% from 2018 to 2023. Depending on fixation type, medical bionics are divided into implantable and non-implantable bionics. Between these, the demand for implantable bionics was found to be higher in 2017. This was because of the fact that a large number of people opted for organ transplants and the high incidence of chronic diseases across the world. Heart, orthopedic, neural/brain, ear, and vision/eye are the most widely used types of medical bionics. Out of these, the demand for orthopedic medical bionics is predicted to rise at the fastest pace in the coming years. This will be because of the surging prevalence of upper and lower limb amputations, in which bionics are required. Geographically, the medical bionics market is expected to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This is credited to the increasing prevalence of diabetes, mushrooming population of geriatric people, rising incidence of chronic illnesses, soaring healthcare expenditure, and escalating per capita income of people in the region. Additionally, the increasing research activities being conducted in the field of medical bionics is also driving the expansion of the medical bionics market in the region. Hence, it can be said without any doubt that the demand for medical bionics will soar in the coming years, mainly because of the increasing incidence of injuries and amputations because of road accidents, mushrooming population of geriatric people, and rising prevalence of chronic diseases across the world.
    WWW.PSMARKETRESEARCH.COM
    Medical Bionics Market Size, Share - Industry Trend Report 2023
    Medical bionics market size is estimated to be valued at $ 16,226 million in 2017 and is projected to progress at a CAGR of 10.1% during the forecast period. Healthcare companies are manufacturing technologically advanced bionic implants in order to compete with traditional implants in the industry.
    ·421 Views
  • Why Are Electronics Companies Using IPDs?

    For more insights:- https://www.psmarketresearch.com/market-analysis/integrated-passive-device-market

    Integrated passive device (IPDs) refers to a package of several components clubbed into a small space using passive technology. In recent years, IPDs have replaced discrete components in LED lighting systems, RF modules, electrostatic discharge (ESD)/electromagnetic interference (EMI) protection diodes, and mixed and digital signal ICs. Passive components used in these products are used for matching, filtering, resonating, decoupling, and transforming, which are viewed as an essential part of the system in package (SiP) solution.

    Thus, the increasing availability of advanced electronics will help the integrated passive device market progress in the coming years. For instance, AVX Corporation introduced ESD suppression diodes, which can merge voltage suppression technology with low-profile, leadless, and miniature packaging design. The merger of this technology with novel designs would offer ESD protection in high-speed communication circuits. Additionally, the company also unveiled low-pass integrated thin-film filters that can offer high-frequency operations in GPS, mobile communication systems, and satellite TV receivers.

    Additionally, the surging use of smart wearable devices, owing to the mounting public focus on health and fitness and rising cases of CVDs, will also propel the use of IPDs worldwide. As smart wearables can track calorie intake, calories burnt, heartbeat, and blood pressure, people are using these electronics to stay healthy and avoid chronic diseases. According to the WHO, 17.9 million people lost their lives due to CVDs in 2019, accounting for nearly 32% of global deaths.

    Consumer electronics companies use ESD, EMI, RF-IPDs, and LEDs in their products to replace discrete components. In the years gone by, RF-IPDs were preferred over other IPDs due to the burgeoning need for miniaturized devices. RF front-end model constitutes an essential part of smartphones, wearables, and tablets. The growing use of all these passive devices can also be credited to the booming demand for IoT-enabled devices in the retail, manufacturing, healthcare, automotive, medical device, and electrical and electronics sectors.

    At present, the integrated passive device market is led by Infineon Technologies AG, Murata Manufacturing Co. Ltd., Semiconductor Components Industries LLC, Advanced Furnace Systems Corp., STMicroelectronics, ChipPAC Pte. Ltd., Johanson Technology, and OnChip Devices Inc. These companies offer silicon and non-silicon IPDs which are used in several applications. IPDs-based on these materials are developed on baluns, harmonic filters, diplexers, and couplers. In the coming years, harmonic filters will be adopted in enormous volumes due to the high-utility cost and low-power factor exhibited by these functional blocks.

    According to P&S Intelligence, the EMEA region will emerge as the dominant user of IPDs in the foreseeable future due to the presence of an established chip fabrication industry and eminent IPD manufacturers in European countries. Furthermore, the APAC region will also adopt a considerable quantity of IPDs in the future, owing to the soaring focus of developing countries, such as Taiwan, China, South Korea, and India, on infrastructure development and technological developments.

    Therefore, the burgeoning need for advanced electronic gadgets and growing usage of smart wearables will encourage the adoption of IPDs worldwide.
    Why Are Electronics Companies Using IPDs? For more insights:- https://www.psmarketresearch.com/market-analysis/integrated-passive-device-market Integrated passive device (IPDs) refers to a package of several components clubbed into a small space using passive technology. In recent years, IPDs have replaced discrete components in LED lighting systems, RF modules, electrostatic discharge (ESD)/electromagnetic interference (EMI) protection diodes, and mixed and digital signal ICs. Passive components used in these products are used for matching, filtering, resonating, decoupling, and transforming, which are viewed as an essential part of the system in package (SiP) solution. Thus, the increasing availability of advanced electronics will help the integrated passive device market progress in the coming years. For instance, AVX Corporation introduced ESD suppression diodes, which can merge voltage suppression technology with low-profile, leadless, and miniature packaging design. The merger of this technology with novel designs would offer ESD protection in high-speed communication circuits. Additionally, the company also unveiled low-pass integrated thin-film filters that can offer high-frequency operations in GPS, mobile communication systems, and satellite TV receivers. Additionally, the surging use of smart wearable devices, owing to the mounting public focus on health and fitness and rising cases of CVDs, will also propel the use of IPDs worldwide. As smart wearables can track calorie intake, calories burnt, heartbeat, and blood pressure, people are using these electronics to stay healthy and avoid chronic diseases. According to the WHO, 17.9 million people lost their lives due to CVDs in 2019, accounting for nearly 32% of global deaths. Consumer electronics companies use ESD, EMI, RF-IPDs, and LEDs in their products to replace discrete components. In the years gone by, RF-IPDs were preferred over other IPDs due to the burgeoning need for miniaturized devices. RF front-end model constitutes an essential part of smartphones, wearables, and tablets. The growing use of all these passive devices can also be credited to the booming demand for IoT-enabled devices in the retail, manufacturing, healthcare, automotive, medical device, and electrical and electronics sectors. At present, the integrated passive device market is led by Infineon Technologies AG, Murata Manufacturing Co. Ltd., Semiconductor Components Industries LLC, Advanced Furnace Systems Corp., STMicroelectronics, ChipPAC Pte. Ltd., Johanson Technology, and OnChip Devices Inc. These companies offer silicon and non-silicon IPDs which are used in several applications. IPDs-based on these materials are developed on baluns, harmonic filters, diplexers, and couplers. In the coming years, harmonic filters will be adopted in enormous volumes due to the high-utility cost and low-power factor exhibited by these functional blocks. According to P&S Intelligence, the EMEA region will emerge as the dominant user of IPDs in the foreseeable future due to the presence of an established chip fabrication industry and eminent IPD manufacturers in European countries. Furthermore, the APAC region will also adopt a considerable quantity of IPDs in the future, owing to the soaring focus of developing countries, such as Taiwan, China, South Korea, and India, on infrastructure development and technological developments. Therefore, the burgeoning need for advanced electronic gadgets and growing usage of smart wearables will encourage the adoption of IPDs worldwide.
    WWW.PSMARKETRESEARCH.COM
    IPD Market Growth & Revenue Forecast Report, 2030
    The global IPD market is expected to reach $1,572.3 million by 2023. Increasing adoption of IPD in consumer electronics is boosting the demand of integrated passive devices.
    ·919 Views
More Stories