medical device market intelligence – Global Health Intelligence – Healthcare Market Insights for Emerging Markets

The 3 Hottest Healthcare Equipment Markets in Argentina

GHI Analysis — Thu, 29 Jun 2017 22:04:12 +0000

Argentina’s economic volatility resulted in severe fluctuations in the healthcare market. The 50% growth (in number of units) witnessed in 2015 was short lived. Casting 2015 aside, Argentina’s healthcare sector experienced a 5% decrease in number of units sold from 2014 to 2016, settling at 832 million units. Meanwhile, the market value was more resilient, demonstrating stability at just over $820 million between 2014 and 2016.

Despite the volatility, several modalities demonstrated strong growth between 2014 and 2016.

Here’s a look at the top 3, all of which offer some interesting opportunities in key areas.

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Go Further

While our report offers a strong handle on these growth areas, it won’t let you know equipment counts for specific hospitals so you can see which ones offer the best sales opportunities. For that, you need the deep granular detail available in our hospital database, which lets you see equipment counts for nearly 70% of Argentina’s hospitals, key contacts for purchase and much more. Contact us to subscribe to our database so you can get started today on uncovering new sales from the Argentine hospital market.

Beyond that, we can also help with fresh data on market share so you can see where you stand in comparison to your competitors or deliver some custom research to further help you edge out the competition with crucial market intelligence.

Vascular stents market valued at USD12.21 billion in 2016

GHI Analysis — Mon, 08 May 2017 19:22:36 +0000

The global market for vascular stents was estimated at USD 12.21 billion in 2016 and is expected to reach USD 17.68 billion by 2021 growing at a CAGR of 7.7%.

Vascular stents include coronary, peripheral, carotid, femoral and aortic aneurysm stents. Major driver for this market is the increasing disease burden coupled with increasing demand for minimally invasive procedures. Other factors driving growth include technological advancements in stents, increasing geriatric population and disease awareness.

However, indirect competition from alternative treatment procedures, stringent regulations, product failure/recall, etc. are some of the aspects restraining the market growth. Of the three types of stents in the market i.e. bare-metal stents (BMS), drug-eluting stents (DES), and bioabsorbable stents, DES accounted for the largest share in 2016. This can be primarily attributed to the lower risk of restenosis with DES over BMS.

The balloon-expandable stents segment is anticipated to growth at higher CAGR than the self-expanding stents due to their increasing use in angioplasty procedures. North America has the largest market share for vascular stents in 2016. However, the factors such as large population base, rising technology adoption and low manufacturing costs are expected to drive the Asian market with highest growth during the forecast period.

The vascular market is highly fragmented with key players including Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biotronik, B. Braun, Terumo Corporation, Stentys, MicroPort Scientific Corporation, Meril Life Sciences, Vascular Concepts, W. L. Gore and Associates, C. R. Bard (BD acquired), Endologix, Lombard Medical Technologies, Translumina and Jotec.

Rising investments by medical device manufacturers in Latin America to boost hyperspectral imaging system market growth

GHI Analysis — Tue, 31 Jan 2017 01:24:31 +0000

According to a research report published by Zion Market Research, the global hyperspectral imaging system market had accounted for around USD 6.51 billion in 2016 and is expected to reach approximately USD 11.34 billion by 2022, growing at a CAGR of around 10.9% between 2017 and 2022. The major factor responsible for the growth of the hyperspectral imaging system market is increasing use of hyperspectral imaging system technology in research. The hyperspectral imaging technology is now being used in industry and research to determine temperatures, moisture, chemical compositions, sugar content and fat in the food industry as well for a range of applications in biology, defense, forensics, pharmaceuticals and industrial inspection. In addition, the emerging technologies for the hyperspectral imaging system is largely contributing to the growth of the hyperspectral imaging system market. However, high cost and reimbursement issues are majorly affecting the growth of the hyperspectral imaging system market. North America is expected to generate the highest amount of revenue at the global level and account for around 45% of the overall market share by 2022-end. In Asia Pacific, India and China are the leading countries in the hyperspectral imaging system market, and both are expected to grow at a healthy rate in the forecast period. The rapidly increasing healthcare infrastructure is a major attributing factor for the growth of the hyperspectral imaging system market in Latin America and Middle East & Africa.