Global Industry Analysts (GIA) has released reports on several sectors in the medical industry.
Cardiac Rhythm Management Devices Market to Grow to $26.2 Billion by 2015
Due to the rise of the aging population and cardiac abnormalities, pacemakers, internal cardiac defibrillators (ICDs), external defibrillators, and associated devices represent the largest segment of the cardiovascular devices market. Though these devices are approved by the FDA, technical glitches often interrupt their performance. Emphasis will be on product safety and technological development. Key players include Boston Scientific Corporation, Bard Electrophysiology and Medtronic, Inc.
Gastrointestinal (GI) Endoscopy Devices Market Expected to Grow to $2.52 Billion by 2015
A rapidly aging population and increasing incidences of GI disease have made the endoscopes the most utilized diagnostic tool. Growth is expected to occur in the area of techniques such as robotics, miniaturization and imaging, moving away from GI videoscopes. A prevention screening market will also contribute to growth. Leaders in this market are Boston Scientific Corporation, CONMED Corporation, Fujifilm, and Johnson & Johnson.
Infusion Pumps Market May Reach $6.8 Billion by 2015
This market has been characterized by competition and cost containment efforts bearing from Group Purchasing Organizations; however, changing demographics, increased spending in healthcare and innovations in treatment have affected the market. The U.S. and Europe dominate this market. Strong opportunities are present in the homecare sector, particularly with the development of chemotherapy drugs and equipment upgrades with more cost effective devices. The increasing incidence of diabetes worldwide, as well as other lifestyle factors, may contribute to market growth. Leaders are Animas Corporation; Hospira, Inc.; Insulet Corporation and Smiths Medical.
Carbon Dioxide Monitors to Reach $294 Million by 2015
The requirement for enhanced patient monitoring will drive this market, especially outside of operating rooms. Emerging applications include critical care units, recovery rooms and post-anesthesia care units. Key players include B. Braun Melsungen AG; Datascope Patient Monitoring, Drager Medical AG & Co KG, and GE Healthcare Life Support Solutions.
Mechanical Ventilators Market Projected to Grow to $1.18 Billion by 2012
Factors affecting growth in this market include the demand for new low-cost ventilators to replace equipment in mature markets. Emerging areas of Latin America and Asia-Pacific lead the way for growth though the U.S. remains the largest market. The fastest growing segment is projected to be portable ventilators. Companies leading the marketplace are Maquet, Covidien, Philips Respironics and Spacelabs Healthcare.
Nanomedicine Market to Pass $160 Billion by 2015
The unique properties of nanoparticles and their ability to be used in the course of disease diagnosis and treatment offer a robust opportunity in this market. The nanomedicine segment includes nanodrug delivery, nanoanalytical contrast reagents, nanobiomaterials and nanopharmaceuticals. The market is fragmented but several key players are Abraxis BioScience, Inc.; Crucell N.V.; Elan Corporation Plc; Nanosphere, Inc. and Wyeth Pharmaceuticals.