Global ENT Devices market to grow at a CAGR of 7.37 percent over the period
2012-2016. One of the key factors contributing to this market growth is the
advancements in the Cochlear Implant Devices segment. The Global ENT Devices
market has also been witnessing an increase in the number of acquisitions and
new entrants. However, problems with voice prosthesis and hearing aid device
batteries could pose a challenge to the growth of this market.
To Know More - Global ENT Devices Market 2012-2016
The Medical device industry has witnessed explosive growth in recent years.
the global market was worth $266.0bn in 2011. Much of this growth is linked to
the rising prevalence of a number of diseases worldwide; most notably in cardiac
and neurological systems. After the negative effects the recession had on
healthcare budgets in 2009, the medical device industry began to recover owing
to patient demographics, physician adoption and patient demand. The medical
device industry is one of the largest and fastest growing areas of the medical
and pharmaceutical industries.
The demand for advanced wound care products is expected to rise over the next 10
years, driven by an increase in chronic wounds. This can be attributed to an
aging population and an increase in lifestyle related disorders such as diabetes
and obesity. predicts the total advanced wound care market to be worth $16.3bn
in 2023. The move from traditional wound care treatment to advanced wound
care started in the mid 80's, with more and more advanced products coming in to
the market. Clinicians and patients now prefer advanced wound care products over
traditional products, as they are more efficient in wound healing and reduce
hospital stays. While moist wound care products currently dominate the market,
wound care devices and biologics are witnessing strong growth. More companies,
both multinationals and smaller companies are investing in R&D to make their
product lines stronger. However, the growth will depend on more clinical
evidence becoming available.
To Know More - Advanced Wound Care: World Market Prospects 2013-2023
Consumer spending on pets to reach $31.7 billion in 2016
US spending on pet health products and services at the consumer level is
expected to reach $31.7 billion in 2016. Manufacturers’ level pet health product
demand is forecast to increase 4.6 percent annually to $5.6 billion that year.
Advances in expenditures will be encouraged by the continuing trend of
humanizing companion animals and their perception as family members, as well as
by growth in the overall pet population. Veterinary technology will continue to
adapt diagnostic and treatment techniques from human health care, stimulating
value gains for newer, more costly procedures. While the US pet health
industry has traditionally been regarded as being “recession-resistant,”
spending was somewhat impacted by the 2007-2009 US economic recession. However,
demand did not experience declines during this time, as health care is a
necessary -- and, to some degree, expected -- expenditure for pet owning
households.
To Know More - Pet Health: Products & Service
US revenues to grow 5.2% annually through 2016
Revenues for the Elder care services industry (i.e., skilled nursing, home
health care, social services, continuing care, and assisted living) are expected
to grow 5.2 percent per year through 2016 to $319.5 billion. Advances will be
driven largely by demographic changes in light of increasing life expectancy,
which is contributing to the rising number of individuals in the older
population segments. Growth is further boosted by the large, post-World War II
“baby boom” generation entering their retirement years.
To Know More - Elder Care Services to 2016
Brazil is considered as one of the most lucrative healthcare market in Latin
America with highest healthcare expenditure. Strong government support and high
healthcare services demand are some of the major factors propelling the
country’s healthcare market to grow at a fast pace. The Brazilian Government has
adopted several initiatives and implemented proper plans and policies that
resulted in positive development of the overall healthcare services and
facilities. Healthcare spending in the country is also anticipated to grow at a
CAGR of around 8.6% during 2012-2015
To Know More - Brazil Healthcare - New Opportunities for Growth
The European wound and tissue management market includes moist, antimicrobial
and interactive wound dressings; negative pressure wound therapy, bandages,
wound closure devices, hemostats, tissue sealants, and anti-adhesion products.
These products treat a variety of wounds including surgical incisions, burns,
and ulcers. The European
wound and tissue management market is expected to be
driven by an aging population and rising rates of diabetes, obesity, and heart
disease. These chronic health problems create diabetic ulcers, venous leg
ulcers, and major surgeries which drive both the wound management and wound
closure segments of the market. Technological developments such as negative
pressure wound therapy and skin substitutes are also driving the market.
Indian Fitness & Slimming Industry constitutes about 8% of the wellness
market. Presently, the fitness industry is in its nascent stages. The industry
is fairly fragmented since the majority of the market appears to be dominated by
a large number of mom-and-pop gyms. Organized fitness services account for
merely 25% of the overall fitness industry. Indian fitness & slimming industry
currently pegged at USD 0.78 billion is stated to grow at a CAGR of 25% to reach
USD 2.4 Billion by 2015. We would not be surprised if the industry outperforms
our ballpark figure.
