In conjunction with the MEDICA event happening in Düsseldorf this week, TechNavio—a leading technology research and advisory company —shared its market research insights for its various reports:
- Wearable Medical Technology Market
- PTCA Balloon Catheter Market
- Positron Emission Tomography Market
- Antimicrobial Coatings Market
- Dental Implants Market
Speaking on this subject, TechNavio’s senior analyst and co-author of the Healthcare and Life sciences reports commented, “Several drivers are aiding the growth of this market which includes continuous technological innovations, increasing need for patient-friendly devices, nursing shortages amidst a growing aging population who don’t want to be dependent on others. The emergence of electronic medical devices would enhance this industry in a large way.”
He went on to add, “Patients are now becoming aware of the impact caused by various diseases and there is increasing demand to have affordable healthcare devices, which can be easily accessible and easy to operate. How companies are able to address these growing needs and are able to provide value for money for the end customers through business strategies like mergers and acquisitions and public-private partnerships will be closely watched by all.”
The full versions of the reports within the Healthcare and Life Sciences series cover the main driving factors, challenges, and future trends of this market, also giving analysis on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
After closely tracking the Wearable Medical Technology Market, TechNavio analysts have forecasted the market to grow to US$1,536.64 million by 2016 growing at a 50 percent CAGR for the period 2012-2016.
Wearable medical technology is helping patients adapt their lifestyle and get real-time feedback. With increasing technology and ready adaptability, a number of medical imaging devices are becoming wearable, including glucose monitors, ECG monitors, pulse oximeters, and blood pressure monitors.
Globally, the market has some unique characteristics. While in some developing countries local or regional vendors are dominating this market, the market overall has only few mainstream players like Abbott Laboratories, Baxter International, Boston Scientific, Covidien, DENTSPLY International, GE Healthcare, Johnson and Johnson, Medtronic, Nobel Biocare Holding, Osstem Implant, Philips Healthcare, Siemens Healthcare & Straumann Holding.
As international players are increasing their footprints, local vendors are finding it difficult in competing with them, especially on the quality features, price, and performance. The competitive business environment in this market will be intensifying with the increase in product extensions and technological innovations. International players will be growing inorganically during the period 2014-2018 by acquiring regional or local players. New players will be only focusing in providing solutions in niche segments such as neurological diseases and cardiovascular disease.
Please email media@technavio.com if you would like more information on the topics listed below, or our research:
Dental Implants Market in China 2012-2016
Global Positron Emission Tomography Market 2012-2016
Global PTCA Balloon Catheter Market 2012-2016
Global Antimicrobial Coatings Market 2012-2016
Global Wearable Medical Technology Market 2012-2016
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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