Technavio market research analysts foresee positive growth for many segments of the orthopedics and medical devices industry in the next five years. In their recent findings, Technavio talks about three booming markets under the orthopedics and medical devices industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Breast Biopsy Market 2017-2021
A breast biopsy is a diagnostic procedure that involves the removal of a tissue or fluid to check for the presence of breast cancer in the suspected region. The presence of well-established medical devices manufacturers in the breast biopsy market will lead to fierce competition in both the global and regional markets. Mammotome revolve is the first breast biopsy system that offers clinicians a touchless tissue with reduced procedural time. The rising technological advancements such as MRI-guided breast biopsy and ultrasound-guided imaging solutions are expected to fuel the market growth. According to the Technavio experts, the government of several countries has taken initiatives and conducted programs to encourage people to opt for procedures like an MRI-guided biopsy. Such initiatives will prove to be a major factor to drive the demand for breast biopsy procedures. Request a sample report
Global Neurology Endoscopy Devices Market 2017-2021
Technavio research analysts have observed that the global neurology endoscopy devices market is witnessing significant market advancements regarding product innovations. Innovations such as robotic endoscopy surgery are expected to create several business opportunities, both on a regional and global scale, to impact the overall growth of the healthcare and life sciences industry. Besides this, trends like attracting end-users through participation in medical exhibitions also have a positive influence on the healthcare industries. Medical exhibitions create business opportunities for both global and local vendors and help companies to synchronize with the latest developments in neurology endoscopy devices.
Among various geographies, such as the Americas, APAC, and EMEA, the Americas accounted for a maximum share in the market. The major contributor to the market in the Americas is the US, which is due to the better healthcare facilities, rising adoption of minimally invasive techniques, and increasing cases of neurological disorders. Request a sample report
Global Interventional Spine Devices Market 2017-2021
The rising demand for minimally invasive procedures has driven growth in the global interventional spine devices market, which is due to the increased need for rapid recovery, reduced hospital stays, and better patient outcomes. The augmented demand for minimally invasive procedures has driven the popularity for MI lumbar fusion and facet fixation procedures. Besides this, favorable reimbursement scenario will lead to an increased adoption of interventional spine devices, which will, in turn, drive the market growth. Various reforms, such as the Affordable Care Act (Obamacare) in the US healthcare system, provide medical insurance coverage for more people. Such reforms have allowed patients with back pain to receive minimally invasive procedures, such as kyphoplasty, radiofrequency ablation, and vertebroplasty.
Several vendors are broadly focusing on inorganic growth strategies such as acquisitions to leverage the expertise of other companies and to expand their presence in the market. Global players adopt advanced technologies to enhance their product portfolio and decrease competition from new players. Request a sample report
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