Overview:
The biomedical industry, an evolving healthcare industry segment, can phenomenally revolutionize the healthcare device market. With the significant technological developments in surgical devices, implants, bioprinting, imaging methods, and much more, the biomedical industry is bridging the gap between biological science, medicine, and engineering.
Potential Opportunities Across Biomedical Industry:
In an era of value-based delivery model, patients are now opting for treatments with minimally invasive procedures, which minimizes in-patient hospital stay and reduces healing time, thus reducing overall healthcare expenditure. For performing surgeries with the least incisions, such as pacemaker implantation, angioplasty, or smart drug delivery devices integration, among others; highly sophisticated devices loaded with various sensors & camcorders are a mandate. Hence, a rapid increase in demand for such advanced medical equipment across multiple tertiary healthcare centers, transition care centers, health-tech companies, and surgical facilities is witnessed.
Since the emergence of the COVID-19 pandemic, people have become more health-conscious and started monitoring fundamental signs associated with health, including pulse rate, blood pressure, blood sugar, oxygen saturation, etc. Thus, various biomedical companies got an opportunity to collaborate with electronics industries to innovate and mass-produce compact & easily accessible devices.
Moreover, it is crucial to diagnose life-threatening infectious diseases, such as SarS-CoV-2 and Ebola virus, at the earliest. Rapid diagnostics systems with high specificity and sensitivity are required for quick diagnosis. The development & commercialization of AI-powered medical imaging devices with improved pace & accuracy, such as CT scanners, MRI machines, ultrasound, etc., will likely accelerate the medical technology industry. Also, the consumables & compounds used to process the samples in the systems should be produced & supplied in ample amounts. Hence, the scenario offers a huge opportunity for the entire value chain of the biomedical device industry to introduce cost-effective, rapid, and highly accurate devices in the market. Currently, microfluidics and organoid-on-a-chip devices are leading the biomedical sector.
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Key Restraints Decelerating the Adoption of Medical Technology Devices:
Regarding public health, biomedical devices should be standardized to diagnose infectious agents and genetic disorders precisely. Finalizing and maintaining the standardization of a particular type of equipment across the globe is challenging. Several biomedical equipment manufacturers must revamp their technologies and processes accordingly to maintain product standards accurately.
The second major obstacle faced across the industry is incompatibility. To fortify, an electroencephalography (EEG) machine developed by an organization operates efficiently at a specific electrical standard & frequency. The variations in electrical standards across different nations make it difficult for manufacturers to create globally operatable devices.
How do IEBS Technology Intelligence services pace the growth of medical technology companies?
The exceptionally talented & experienced team of IEBS professionals is well-informed about the recently launched and developing technologies across the biomedical sector. With profound knowledge across biofluids, compact wearables, robotics, remote surgery, 3D bioprinters, artificial organs, and hydrogels, the IEBS analysts help clients recognize the best-fit technology among various technologies by comparing their features, performance, and cost of establishment. By employing technology-related solutions offered by IEBS, clients can access the finest strategic roadmap to upgrade their existing technologies for overall business growth.
How do our Business & IP Intelligence services help medical technology companies flourish?
IEBS analysts and consultants keep clients up to date by delivering crucial insights into their competitors’ strengths & weaknesses, recent technologies & processes introduced, and unexplored market segments (white space) in the biomedical sector. As the biomedical industry is drastically shifting toward sustainability, IEBS consultants assist clients in adopting cost-effective & innovative ways to reduce the carbon footprint throughout the value chain, starting from raw material manufacturing to delivering the product to the end user. In addition, most firms face regulatory challenges while adopting, commercializing, licensing, and selling novel technologies around medical technology devices & equipment. To avoid such challenges, we have a dedicated team of IP experts to help improve your IP portfolio and increase your ROI.
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According to a new market research report “Medical Holography Market by Product (Holographic Display, Microscope, Print, Software), Application (Medical Imaging, Medical Education, Biomedical Research), End User (Medical Schools, Pharmaceutical Companies, Hospitals) – Global Forecast to 2021” published by MarketsandMarkets, The Global Medical Holography Market Is Projected to Reach USD 953.9 Million by 2021, at a CAGR of 33.7% from 2016 to 2021.The growth in this market can be mainly attributed to the growing clinical applications of holography in the healthcare sector, rising adoption of holography products in biomedical research and medical education, and emergence of holography as a promising technology in representing complex 3D structures.In this report, the global Medical Holography Market is segmented on the basis of product type, application, end user, and region.
Based on product type, the market is segmented into holographic displays, holography microscopes, holographic prints, holography software and holoscopes.
On the basis of application, the Medical Holography Market is segmented into three segments namely medical imaging, medical education, and biomedical research.While on the basis of end user, the Medical Holography Market is segmented into research laboratories, academic medical centers, pharmaceutical and biotechnology companies, and hospitals and clinics.In 2015, the holographic displays product segment accounted for the largest share of the Medical Holography Market.
This market is primarily driven by the increasing adoption of holographic displays in diagnostic imaging and for medical teaching and training as these displays provide high-quality real-time 3D images which attracts the user effectively.Download PDF Brochures – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183930222In 2015, North America represented the largest regional market, followed by Europe, Asia-Pacific, and the RoW.
North America represents the fastest-growing region for the Medical Holography Market, primarily due to increasing research initiatives in holography technology, adoption of holographic products by research laboratories and academic centers, and increasing healthcare expenditure in the U.S.The medical holography market in North America is expected to grow at the highest CAGR during the forecast period.
Factors such as increasing demand for noninvasive and radiation-free imaging techniques coupled with the growing geriatric population and increasing number of imaging procedures across the region are driving the growth of regional market.Know more about Medical Holography Market – https://www.marketsandmarkets.com/PressReleases/medical-holography.asp
The biomedical innovations help in the advancements in the field of medicine.
The constant developments in the field of diagnostics, treatments, and medical equipment have led to the times where the life expectancy has changed from 47 years (for white men) in 1900 to 75 years in 78 years in 20
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