High Flow Ventilators Market Projected to Reach USD 67.6 Billion by 2032, Growing at a 10% CAGR

High Flow Ventilators Market
High Flow Ventilators Market

The High Flow Ventilators Market is poised for remarkable growth, with an expected valuation of USD 25 billion in 2021 and USD 27 billion in 2022. By 2032, the market is projected to surge to USD 67.6 billion, reflecting a compound annual growth rate (CAGR) of 10% throughout the forecast period.

This significant increase in market value underscores the rising demand for high flow ventilators, driven by advancements in respiratory care technologies and an increasing prevalence of respiratory diseases. High flow ventilators are critical in providing enhanced support to patients with severe respiratory conditions, making them an essential component of modern healthcare systems.

Ventilators are critical life-support devices that provide patients with respiratory therapy. High-flow ventilators are a form of respiratory support device that uses a nasal cannula to provide a high-flow oxygen blend, making them ideal for severe respiratory disorders. High-flow ventilators are also commonly used to treat hypoxemic respiratory failure. During the projection period, the high prevalence of COPD cases is expected to drive the market’s rapid rise.

The increased frequency of respiratory illnesses, particularly COPD cases, and the growing worldwide elderly population will have a substantial impact on the Global High Flow Ventilators Industry between 2022 and 2032. In response to the increasing number of surgeries, demand for inexpensive and high-end critical care technology is likely to fuel market expansion. The importance of hospitals and medical emergency services adds to the demand for High-Flow Ventilators.

The market for High-Flow Ventilators is driven by a variety of end-use segments, including hospitals, ambulatory surgical centers, specialized clinics, long-term care facilities, and others. Hospitals are likely to be the most important contributors to the growth of the Global High Flow Ventilators Industry during the forecast period.

“High prevalence of COPD cases, as well as other respiratory conditions, will likely propel the global growth of the Global High Flow Ventilators Industry over the forecast period,” says an FMI analyst.  

High Flow Ventilators Market Key Takeaways:

  • Budget constraints and stringent regulations may hinder the market growth of high-flow ventilators.
  • The market for high-flow ventilators will benefit from increased demand for inexpensive and innovative technologies in critical care.
  • North America held the biggest market share in 2018 and is expected to maintain this trend over the forecast period.
  • Due to an increase in respiratory diseases and expanding medical tourism, Asia Pacific is expected to emerge as a profitable market for high-flow ventilators.

High Flow Ventilators Market Competitive Landscape 

ResMed, Hamilton Medical, HERSILL, S.L., Tecno-Gaz S.p.A., and Essex Industries, Inc., among others, are some of the major players in the Global High Flow Ventilators Industry profiled in the full version of the report.

Leading market players are focusing on dynamic business strategies to strengthen their market position. These businesses are adopting both organic and inorganic tactics like collaborations and partnerships to expand their product portfolio. Market players are keen on integrating advanced technologies into their products to ensure rapid growth.

High Flow Ventilators Market: Segmentation

The Global High Flow Ventilators Industry is segmented by modality type, end user, and region:

Based on Modality Type, 

  • Portable High Flow Ventilators
  • Trolley Mounted High Flow Ventilators

Based on End Users,

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Long-Term Care Centers
  • Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Articulating Paper Forceps Market to Reach USD 2,156.8 Million by 2034, at a 4.5% of CAGR

Articulating Paper Forceps Market

Articulating Paper Forceps Market

The global articulating paper forceps market is projected to experience significant growth over the next decade, with revenues expected to rise from USD 1,388.8 million in 2024 to USD 2,156.8 million by 2034. According to market predictions, the industry is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% during the forecast period. In 2023, the market recorded revenues of USD 1,135.4 million.

One of the key drivers of this growth is the increasing adoption of minimally invasive surgical techniques, such as laparoscopic and endoscopic procedures. Articulating paper forceps are crucial instruments in these procedures, offering superior precision, control, and dexterity. As the demand for minimally invasive surgeries continues to rise, the market for these specialized tools is expected to expand accordingly.

Manufacturers are responding to this demand by producing more advanced articulating paper forceps designed for enhanced performance. These innovations include ergonomic grips, improved jaw designs, and the integration of digital technologies, all of which contribute to greater precision and control during surgery.

The demand for articulating paper forceps is accelerating across the dental industry since more and more surgeons across the globe are using the same because of their improved maneuverability and flexibility. This assists the surgeons to function better and fast without any sort of hurdle or complications. This factor is considered one of the prominent reasons for the growth of the global articulating paper forceps market.

Articulating paper forceps are also termed articulating paper holders. In addition, they are typically utilized for holding articulation paper while simultaneously applying it to the patient orally. The articulation paper is applied with the help of a tweezers-like design with two conjoined blades with serrated tips at the working end.

The dental community habitually utilized articulating paper in order to identify contact points amongst the mandibular and maxillary teeth during all types of dental prosthesis insertions and natural tooth correction or any kind of adjustments. These corrections are done by particularly grinding the paper marks to achieve occlusal stability. Moreover, the articulating paper forceps hold the articulating paper when the dentists check for occlusion of dental restorations and teeth. When the articulating paper is held by the forceps instead of fingers, it ensures improved grip and complete coverage of the teeth restoration.

Key Takeaways

  • The global articulating paper forceps market is predicted to be driven by numerous factors including the increasing prevalence of dental procedures and escalating adoption of articulating paper forceps during dental procedures. The additional access to dental and medical care is enabling technological advancements and additionally increasing the practicing scope. Accelerating the occurrence of periodic disorders and technological advancements is likely to further promote the growth of articulating paper forceps market. Moreover, there is an enormous increase in the geriatric population across the world, and this boosts the market further.
  • According to the Patient Protection and Affordable Care Act (ACA), the awareness about dental health and the addition of various provisions have resulted in enhancing patients’ oral health. At a global level, there is more awareness among surgeons and patients to reduce the rates of infections, and this factor is increasing the sales of articulating paper forceps and, eventually, the global market of the same.
  • Similarly, with the global expansion of social and digital media along with awareness amongst consumers, they are rapidly becoming more selective about the treatments, which has elevated the efficiency of treating occlusal interferences and assists in adjusting the same. Tooth restorations and crown fillings are done at an alarming rate which has to be checked, and this is done with the help of articulated forceps.
  • The articulated paper forceps come in two types: straight articulating paper forceps and curved articulating paper forceps. The straight ones consist of tweezer-like jaws which are opened from 0 to 180 degrees angle, and this enables the instrument’s tip to maneuver in any direction. When there is a plane surface where an articulated movement within the tough spaces is not needed, straight articulating paper forceps are used, for instance, while performing bronchoscopies.

Competitive Landscape

Some of the key players in the global articulating paper forceps market are focusing on supplying delivery of dental equipment, software, and technology solutions to their clients. Such companies offer a broad range of products at exceptional value along with strong service and support.

Dental forceps for articulating paper are a type of dental instrument used to hold articulating paper in place during dental procedures. Articulating paper is a thin paper that is coated with ink and used to check the bite and occlusion of the teeth.

Key companies profiled:

  • New Surgical Instruments Co,
  • Ethicon US, LLC.
  • Richard Wolf GmbH,
  • Dental Health Products, Inc.,
  • SMILE SURGICAL IRELAND LIMITED,
  •  Atlanta Dental,
  • Henry Schein, Inc.

More Insights into the Articulating Paper Forceps Market

North America is expected to dominate the global articulating paper forceps market over the forecast period. The growth of the North American region is attributed to the strict regulations pertaining to patient safety and the favorable regulatory environment which promotes investment in healthcare facilities.

Segments covered by:

  • Product Type,
  • End User,
  • Region

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:         

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Elastography Imaging Market to Reach USD 10,426.4 Million by 2034, Growing at a 10.5% CAGR, Driven by Technological Advancements

Elastography Imaging Market
Elastography Imaging Market

The global elastography imaging market is projected to witness substantial growth over the next decade, according to new research from Future Market Insights. The market is expected to increase in value from USD 3,841.6 million in 2024 to USD 10,426.4 million by 2034, reflecting a robust compound annual growth rate (CAGR) of 10.5% over the forecast period.

A key driver of this growth is the integration of cutting-edge technologies, such as artificial intelligence (AI), into elastography imaging equipment. These advancements enable real-time monitoring and improve early disease detection by identifying cell swelling and tumor stiffness more efficiently. As the demand for early diagnosis continues to rise, sales of elastography imaging equipment are expected to grow at an impressive rate throughout the forecast period.

The increased focus on early detection and precise diagnostics is transforming the elastography imaging landscape, offering significant opportunities for manufacturers to innovate and meet the growing demand for advanced healthcare solutions.

The Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Elastography Imaging Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Elastography Imaging Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Elastography Imaging Market.

Elastography Imaging Market Key Players:

The writer will create content on the general strategies of market players. And then will write the key players in the market are: GE healthcare, Koninklijke Philips N.V., Siemens Healthineers, Hitachi Ltd., Mindray Medical International Limited, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, Landwind Medical, Esaote SpA, SonoScape Medical Corp, SuperSonic Imagine and others

Elastography Imaging Market Segmentation:

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

A Full Report Overview

Based on technique,

  • Ultrasound Elastography Imaging
  • 1D transient Elastography
  • Point shear-wave Elastography
  • Shear-wave Elastography
  • MR based Elastography

Based on the application,

  • Gynecology & Obstetric
  • Cardiology
  • Orthopedic & Musculoskeletal
  • Vascular
  • Neurology
  • General Imaging

Based on modality,

  • Portable
  • On-Platform

Based on end-user,

  • Hospitals
  • Clinics
  • Diagnostic Laboratories
  • Ambulatory Surgical Centers

Product Segmentation:

The investigation offers a top-to-bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

Full in-depth analysis of the parent market:

The analysts at FMI are dedicated to providing insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics:

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:         

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Medical Device Analytical Testing Outsourcing Market to Reach USD 10.8 Billion by 2034, Growing at 6.4% CAGR

Global Medical Device Analytical Testing Outsourcing Market
Global Medical Device Analytical Testing Outsourcing Market

The global medical device analytical testing outsourcing market is set to experience significant growth over the next decade, with industry value projected to rise from USD 5.844 Million in 2024 to USD 10,867.3 Million by 2034, according to a new report by Future Market Insights. This marks an impressive compound annual growth rate (CAGR) of 6.4% during the forecast period. The industry’s valuation at the end of 2023 was USD 5,492.40 million.

Key factors driving the market’s expansion include the scalability and flexibility that outsourcing provides. By outsourcing analytical testing, companies can efficiently scale their testing capabilities to match demand fluctuations, eliminating the need for fixed infrastructure investments. This flexibility is critical as businesses navigate varying testing needs across different phases of product development and market introduction.

Outsourcing partners also offer customized testing solutions that are tailored to meet client-specific requirements, ensuring optimal resource allocation and cost effectiveness. This allows companies to concentrate on their core competencies while leveraging the specialized expertise of outsourcing firms, ultimately enhancing operational agility and boosting competitiveness in the medical device sector.

The growing global prevalence of chronic diseases is driving up demand for medical device analytical testing outsourcing. The government’s increasingly stringent quality certificate rules are propelling the global medical device analytical testing outsourcing market forward. Class II devices require premarket approvals and 510 (k) clearance; however, obtaining such clearance is a time-consuming process; thus, such emerging scenarios have fuelled the growth of the global medical device analytical testing outsourcing market. Medical device manufacturers are hiring consultants to help them understand the documentation and regulations required for pre-market approvals.

The development of advanced devices such as surgical microscopes, surgical robots, neurosurgery devices, ophthalmic surgical devices, and many others has reduced the direct contact of humans in the surgical procedure, making quality certificates for medical devices mandatory. The growing demand for minimally invasive surgeries is driving the global medical device analytical testing outsourcing market forward. However, manufacturers are turning to medical device analytical testing outsourcing to ensure accuracy, precision, quality control, and periodic maintenance.

Medical Device Analytical Testing Outsourcing Market Key Takeaways

  • The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 10.96 Billion during the forecast period.
  • The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 5.11 Billion in 2021.
  • The U.S is projected to lead the market while procuring US$ 1.5 Billion while expanding at a CAGR of 7% during the forecast period.
  • China is anticipated to grow at 5.5% CAGR
  • The hospitals segment is predicted to lead the market with a CAGR of 6.15% during the assessment period.

Because of improved healthcare infrastructure and government initiatives, Asia Pacific has the largest share of the global medical device analytical testing outsourcing market. Furthermore, rapid economic development in countries such as China and India are expected to significantly boost regional market growth over the forecast period.” Says an analyst at FMI.

Medical Device Analytical Testing Outsourcing Market Competitive Landscape

The global medical device analytical testing outsourcing market is highly fragmented. Mergers, acquisitions, and partnerships, among other strategies, were used by industry participants to maintain market share. The key market players are:

  • SGS
  • Toxikon, Inc
  • Eurofins Scientific
  • Pace Analytical Services LLC
  • Intertek Group plc
  • Wuxi AppTec
  • North American Science Associates, Inc.
  • Envigo
  • Charles River Laboratories International, Inc.
  • Medical Device Testing Services

Some of the recent developments in the global medical device analytical testing outsourcing market are:

  • In May 2022, Intertek renewed its contract with the Philippines Bureau of Customs for its Bulk and Break Bulk Cargo Clearance Enhancement Programme.
  • In May 2022, Intertek announced the launch of ‘Intertek Hydrogen’ which assists the hydrogen industry in commercializing ground-breaking technology securely into the future.

Medical Device Analytical Testing Outsourcing Industry Report Segmentation:

By Service:

  • Extractable and Leachable
  • Material Characterization
  • Physical Testing
  • Bioburden Testing
  • Sterility Testing
  • Other Tests

By Device Type:

  • Reprocessed Devices
  • Others Medical

By End Use:

  • Hospitals
  • Others

By Therapeutic Areas:

  • Cardiology
  • Diagnostic Imaging
  • Orthopedic
  • IVD
  • Ophthalmic
  • General & Plastic Surgery
  • Drug Delivery
  • Endoscopy
  • Dental
  • Diabetes Care
  • Others

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:         

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Patient Portal Market Set to Reach USD 19.08 Billion by 2034 at a 14.8% of CAGR

Patient Portal Market
Patient Portal Market

The global patient portal market is projected to reach USD 4,800.3 million by 2024 and is expected to experience robust growth, with a compound annual growth rate (CAGR) of 14.8% through 2034. By the end of the forecast period, the market is anticipated to reach USD 19.08 billion, reflecting the increasing adoption of digital health solutions and a strong emphasis on patient-centered care.

The surge in demand for efficient healthcare management systems has significantly contributed to the growth of the patient portal market. The rising implementation of electronic health records (EHRs) by healthcare providers has streamlined administrative processes, improving overall efficiency. Additionally, these digital tools play a crucial role in enhancing patient engagement and satisfaction, providing easy access to health information and empowering patients to take an active role in their healthcare journey.

The growth of healthcare facilities worldwide influences the Global Patient Portal Industry. Patient portal usage is rising quickly due to mandatory federal regulations and the integration of growth in the US electronic health records (EHR) market. Additionally, technology-based businesses are creating web-based apps for patient portals. This provides access to store and retrieve crucial data as a result. The COVID-19 pandemic has fueled a rise in teleconsultation services.

Patient portals are secure online platforms that give patients easy access to their medical information, appointment scheduling, and communication with their healthcare providers. They offer a variety of features, including:

  • Access to medical records, such as lab results, imaging reports, and medication lists
  • Appointment scheduling and reminders
  • Prescription refills
  • Secure messaging with healthcare providers
  • Online bill pay
  • Educational resources on health and wellness

Patient portals offer several benefits for both patients and healthcare providers. For patients, they can provide convenience, empowerment, and peace of mind. For healthcare providers, they can improve efficiency, communication, and patient engagement.

The increasing adoption of patient portals is being driven by some factors, including:

  • The rising demand for EHRs: EHRs are electronic versions of patients’ medical records. They provide a central repository for all of a patient’s medical information, which can be accessed by healthcare providers from different locations. Patient portals are often integrated with EHR systems, which makes it easy for patients to access their medical information through the portal.
  • Mandatory federal norms: The Meaningful Use program incentivized healthcare providers to adopt EHRs and patient portals in the United States. While the Meaningful Use program ended in 2018, many incentives are still in place through other programs, such as the Merit-based Incentive Payment System (MIPS).
  • The benefits of patient portals: Patient portals offer several benefits for both patients and healthcare providers, as mentioned above. This is leading to increased adoption of patient portals by healthcare facilities of all sizes.

Patient Portal Market Key Takeaways:

  • Patient portals are secure online platforms that give patients easy access to medical information, appointment scheduling, and communication with their healthcare providers.
  • The increasing adoption of patient portals is attributed to their benefits to patients and healthcare providers.
  • Patient portals can help patients manage their health better, improve communication with their healthcare providers, and reduce healthcare costs.
  • Healthcare providers can use patient portals to improve patient care, increase efficiency, and reduce costs.
  • The critical drivers of the Global Patient Portal Industry include the increasing adoption of EHRs, the growing demand for teleconsultation services, and government support for digital healthcare initiatives.

Patient Portal Market Key Companies Profiled:

  • Allscripts Healthcare Solutions, Inc.
  • NextGen Healthcare Information Systems
  • McKesson Corporation
  • Cerner Corporation
  • Greenway Health, LLC
  • athenahealth, Inc.
  • Epic Systems Corporation
  • GE Healthcare
  • Medfusion Inc.

A Full Report Overview

Key Segments Covered in the Patient Portal Market

By Type:

  • Standalone Patient Portal
  • Integrated Patient Portal

By Delivery Mode:

  • Web-based Patient Portal
  • Cloud-based Patient Portal

By End-Use:

  • Patient Portal for Providers
  • Patient Portal for Payers
  • Others

By Region:

  • North American Patient Portal Market
  • Latin America Patient Portal Market
  • Europe Patient Portal Market
  • Asia Pacific Patient Portal Market
  • Middle East & Africa Patient Portal Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:         

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Back Therapy Kit Market to Reach USD 6.1 Billion by 2034 at a 4.2% of CAGR

Back Therapy Kit Market
Back Therapy Kit Market

The global back therapy kit market is projected to grow significantly over the next decade, reaching a value of USD 6.1 billion by 2034, up from its current valuation of USD 4 billion in 2024. Leading the product category, the battery-operated segment currently holds over 81.5% of the market share and is expected to grow at a compound annual growth rate (CAGR) of 4.2% during the forecast period.

The rapid growth of technological infrastructure is playing a pivotal role in boosting the sales of back therapy kits. Manufacturers are increasingly integrating advanced features and cutting-edge technology into traditional kits, resulting in more efficient equipment and a superior consumer experience.

As demand for effective back therapy solutions continues to rise, the integration of these innovations will further enhance the market’s growth prospects, offering consumers more personalized and efficient options for back pain management.

Battery-powered back therapy kits are leading the market, capturing over 81.5% of the market share in 2022. This dominance highlights the preference for portable and convenient solutions for back pain management.

Back Therapy Kits come across as at-home medical devices used for managing pain, especially in the lower back. At the lower back, they are secured with a strap. The Back Therapy Kits make use of TENS technology to transmit vibration to the body to relieve pain.

Patients suffering from back pain are advised to attend 15 to 20 sessions every single day using Back Therapy Kits. The sportspersons prefer them for relaxing their lower back.

These days, strapless Back Therapy Kits are the buzzword. Homecare settings followed by rehabilitation centers generally use Back Therapy Kits.

At the same time, higher costs involved concerning Back Therapy Kits are expected to restrain the Back Therapy Kits market going forward.

In its latest market study entitled ‘Back Therapy Kits Market’, Future Market Insights has entailed these facts with future prospects. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With realization of the fact that vibration provided by Back Therapy Kits provides relief from muscle strain, the global Back Therapy Kits market is expected to go good in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Back Therapy Kits Market

  • North America holds the largest market share with the US witnessing continuous development of therapies.
  • Europe is expected to stand second with the UK and Germany showing the same prospects as the US.
  • The Asia-Pacific is expected to grow at the quickest rate in the Back Therapy Kits market in the forecast period with increasing incidences of lower back pain all across Japan, China, and India. Also, the WHO has confirmed that every sixth person in India suffers from arthritis at a certain point in their lives. The rising geriatric population is another point to look into. This is evident from the fact that as per the UN’s ESCAP (Economic and Social Commission for Asia and the Pacific), nearly 1.3 Billion people will be aged 60 and above by the year 2050.

Back Therapy Kits Market Competitive Landscape:

  • The key players in Back Therapy Kits market include Sanofi S.A., Polar Products Inc., Hocomo, Bayer AG, Brooks Life Sciences, Tynor, Amedica, Alliance Spine, Globus Medical, Captiva Spine, and likewise.
  • The players mentioned above are engaging in various modes of expansion like new product launches, mergers, acquisitions, partnerships, and joint ventures, and likewise to make a mark for themselves amidst the call for innovations.
  • Pfizer, Inc. is known for its drug called ‘tanezumab’ since the year 2017. It was when it received approval from the US FDA with regards to treating chronic low back pain. It’s interesting to learn that tanezumab is one of the humanized monoclonal immunoglobulin G2 (IgG2) to substitute opioids.

Key Segments Covered in the Back Therapy Kits Market Study

Back Therapy Kits Market by Product Type:

  • Strapped Back Therapy Kits
  • Strapless Back Therapy Kits

Back Therapy Kits Market by Connectivity:

  • Wired Back Therapy Kits
  • Battery-Operated Back Therapy Kits

Back Therapy Kits Market by End User:

  • Back Therapy Kits for Hospitals
  • Back Therapy Kits for Orthopedic Clinics
  • Back Therapy Kits for Rehabilitation Centers
  • Back Therapy Kits for Long-term Care Centers
  • Back Therapy Kits for Homecare Settings

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Neurovascular Device Market to Reach USD 3.9 Billion by 2034 at a 2.7% of CAGR

Global Neurovascular Device Market
Global Neurovascular Device Market

The global neurovascular device market is projected to reach a value of USD 3.0 billion by 2024. The market is set to continue on an upward trajectory, with growth projected to achieve a market value of USD 3.9 billion by 2034, reflecting a moderate compound annual growth rate (CAGR) of 2.7% throughout the forecast period.

As the demand for neurovascular devices continues to grow due to advancements in medical technology and the increasing prevalence of neurological conditions, the market is expected to expand steadily. This sustained growth offers opportunities for further innovations and enhanced solutions in the field of neurovascular care.

One of the key drivers of this market’s growth is the increasing incidence of neurological disorders, particularly strokes. Strokes are a leading cause of death and disability worldwide, prompting healthcare providers to adopt advanced neurovascular devices for better patient outcomes. The shift from traditional open surgeries to minimally invasive procedures has not only improved patient comfort but has also reduced healthcare costs.

In recent years, technological advancements have led to the development of cutting-edge neurovascular devices. These devices include stent retrievers, embolization coils, flow diverters, and liquid embolic agents, among others. The continuous innovation in materials and design has enhanced the efficacy of these devices, making them safer and more efficient for neuro-interventional procedures.

Furthermore, the growing aging population has contributed to the expansion of the Global Neurovascular Devices Industry. With an aging demographic, there is an increased susceptibility to neurovascular diseases, necessitating a higher neurovascular guidewires market demand for these devices. Additionally, the expanding awareness of these conditions and the availability of advanced treatment options have spurred market growth.

Key Neurovascular Devices Used In Interventional Neurology Include:

  1. Stent Devices: Stents are used to treat intracranial stenosis, which involves the narrowing of blood vessels in the brain. These devices are designed to improve blood flow and prevent strokes. They can be self-expanding or balloon-expandable.
  2. Coil Devices: Coils are used to treat intracranial aneurysms. They are inserted into the aneurysm to induce clotting, thereby preventing the risk of rupture. Coiling is a less invasive alternative to surgical clipping.
  3. Embolization Devices: These devices block or divert blood flow in AVMs or other vascular abnormalities. They include detachable balloons and various embolic agents.
  4. Thrombectomy Devices: Thrombectomy devices are used to remove blood clots from the brain’s blood vessels, primarily in the treatment of acute ischemic strokes. These devices are highly time-sensitive, as quick intervention is crucial in stroke cases.
  5. Flow Diverters: Flow diverters are used to treat wide-necked aneurysms by diverting blood flow away from the aneurysm sac. They are relatively newer devices in the neurovascular field.
  6. Microcatheters: Microcatheters are thin, flexible catheters used to navigate the intricate blood vessels of the brain. They are crucial for precise device placement during neuro-interventional procedures.
  7. Guidewires: Neurovascular guidewires act as the compass for traversing the intricate pathways of the neurovasculature, providing a vital roadmap for the precise deployment of accompanying medical instruments.

The market for neurovascular devices in interventional neurology has been growing steadily due to several factors, including an aging population, increased awareness of neurovascular diseases, and advancements in technology and minimally invasive procedures. Additionally, research and development efforts continue to focus on improving the safety and efficacy of these devices.

Neurovascular Devices Market: A Look at Recent Developments:

  • In 2020, Johnson & Johnson introduced a groundbreaking innovation in stroke solutions with the launch of Cerenovus stroke solutions. This revolutionary product is designed to effectively address clot-related issues. At the heart of this cutting-edge solution lies the Big Bore Catheter, paired with the Emo Trap 3 revascularization device.
  • In a strategic move to expand its presence in the global neurovascular market, Penumbra forged a strategic partnership with Genesis MedTech in 2021. This dynamic collaboration aims to elevate the market’s stature and impact in China, showcasing a commitment to advancing neurovascular healthcare in the region.
  • In a parallel development, Pehnox, a prominent player in the neurovascular industry, ventured into the European market by establishing a new entity in the United Kingdom. This bold move underscores Pehnox’s dedication to enhancing the neurovascular market size across Europe, signaling a new era of neurovascular healthcare solutions for the continent.

Neurovascular Devices Market Key Competitor Companies:

  • Johnson & Johnson
  • Medtronic PLC
  • Stryker Corporation
  • Terumo Corporation
  • Penumbra

Neurovascular Devices Market: Segmentation

By Product:

  • Aneurysm Coiling and Embolization Devices
  • Cerebral Balloon Angioplasty
  • Stenting Systems
  • Support Devices
  • Neurothrombectomy Devices

By Disease Pathology:

By End User:

  • Hospitals and Surgical Centers
  • Ambulatory Care Centers
  • Research Laboratories
  • Academic Institutes

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dental Fluorescence Analyzer Market Set to Reach USD 769.5 Million by 2034 at a 7.9% of CAGR

Dental Fluorescence Analyzer Market
Dental Fluorescence Analyzer Market

The global dental fluorescence analyzer market is projected to reach USD 359.7 million in 2024, with strong growth anticipated over the next decade. According to recent industry estimates, the market will expand at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2034, reaching a total value of USD 769.5 million by the end of the forecast period.

The increasing focus on non-invasive and patient-friendly diagnostic solutions is a key factor driving market growth. Modern patients are more informed and demand higher levels of comfort and convenience during dental visits. Dental fluorescence analyzers, with their non-invasive nature and ability to deliver quick and precise diagnoses, align seamlessly with these expectations. As a result, more dental practices are adopting fluorescence analyzers to enhance patient comfort and improve diagnostic accuracy.

Dental Fluorescence Analyzer displays fluorescence using properties of x-rays called fluorescence x-rays from a material that is bombarded with high energy x-rays. Qualitative and quantitative element analysis has been traditionally done with x-ray fluorescence generators for years and dental fluorescence analyzers are used for the identification of trace elements, calculating the thickness and composition of the dental materials.

Dental fluorescence analyzer finds wide applications in forensic science and analysis of dental and medical specimens. This technique is particularly important for the specimens that are wet and possess low resistance which cannot be studied by other element analysis methods.

Additionally, a dental fluorescence analyzer also help preserve the scarce specimen while analyzing which can be destroyed by other methods. For tooth analysis, the dental fluorescence analyzer efficiently and precisely detects the tooth caries.

Teeth accumulate heavy materials from eating, smoking, and pollution. Dental fluorescence analyzer finds applications in detecting the trace elements and measuring the pollution index from the dental samples in research studies. Unknown elements identification and detection in pathological specimens by dental fluorescence analyzer holds a very important role as these elements are unique and specific to each patient and case.

These specimens should be analyzed without destroying which is successfully attained by dental fluorescence analyzer. In forensic science, dental fluorescence analyzer finds application for identifying the victim and time of death as human dentitions are very unique to an individual just like fingerprints.

Dental fluorescence analyzer can efficiently detect the location of dental resins with their brand in cremated and non-cremated individuals.

Dental Fluorescence Analyzer Market: Drivers and Restraints

Advancing technology in the dental fluorescence analyzer market, particularly micro-XRF instruments for elemental mapping and its applications is expected to propel the demand for dental fluorescence analyzer over the forecast years.

On the contrary, tricky reimbursement policies pose a threat to the unrestricted expansion of the dental fluorescence analyzer market.

Dental Fluorescence Analyzer Market: Overview

The global dental fluorescence analyzer market is expected to witness growth over the forecast period owing to the increased adoption of the device for various applications. The dental fluorescence analyzer market is segmented into Forensic Investigations, Archaeological Research, Environmental Monitoring, pharmaceutical and medical research, dental practice and others.

Forensic investigations and archaeological research are expected to hold a major share in the dental fluorescence analyzer market over the forecast period owing to the increasing implementation of the devices for research purposes and increasing number of clinical trials results.

Among end users, the dental fluorescence analyzer market is segmented into dental clinics, forensics departments, archaeology research institutes and academic research institutes. Higher adoption by end users are dependent upon the launch of more advance, user friendly and compact devices expanding the dental fluorescence analyzer market.

Dental Fluorescence Analyzer Market: Regional Wise Outlook

On the basis of geography, dental fluorescence analyzer market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan, and Middle East & Africa.

North America is projected to hold largest revenue shares in the global dental fluorescence analyzer market primarily due to increasing incidence of tooth caries. Moreover, increasing healthcare and research expenditure is also the contributor for North America dominance.

Europe dental fluorescence analyzer market is expected to show second highest revenue share in the dental fluorescence analyzer market due to higher healthcare expenditure and fast technological advances.

The dental fluorescence analyzer market for China is expected to create a big share in terms of revenue over the forecast years because of high demand of dental fluorescence analyzer.

Dental Fluorescence Analyzer Market: Key Players

Some of the major players identified in the global for dental fluorescence analyzer market are HORIBA, Bruker, Olympus Corporation, Thermo Fisher Scientific, Helmut Fischer GmbH, Horiba, Ltd., SPECTRO Analytical Instruments GmbH, Rigaku Corporation, Analytical X-Ray Systems Co. Ltd., and FAST ComTec.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Dental Fluorescence Analyzer Market Segments
• Dental Fluorescence Analyzer Market Dynamics
• Dental Fluorescence Analyzer Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

Dental Fluorescence Analyzer Market: Segmentation
Tentatively, the global dental fluorescence analyzer Market has been segmented on the basis of application, end users and geography.

Based on application, the global dental fluorescence analyzer market is divided into following:
• Forensic Investigations
• Archeological Research
• Environmental Monitoring
• Pharmaceutical and Medical Research
• Dental Practice
• Others

Based on end users, the global dental fluorescence analyzer market is segmented as below

• Dental Clinics
• Forensics Departments
• Archeology Research Institutes
• Academic Research Institutes

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Peripheral Micro Catheters Market Projected to Reach USD 1.87 Billion by 2032, Growing at 7.5% CAGR

Peripheral Micro Catheters Market
Peripheral Micro Catheters Market

The global peripheral micro catheters market is expected to grow significantly over the next decade, according to the latest market analysis. Valued at USD 875 million in 2022, the market is projected to expand at a compound annual growth rate (CAGR) of 7.5%, reaching a total worth of USD 1.87 billion by 2032.

The growing use of embolization in minimally invasive surgical procedures is a key driver for the increased demand for peripheral micro catheters. These catheters are becoming an essential tool in various treatments, particularly in the management of cerebral and peripheral vascular diseases, further boosting the market’s expansion.

As healthcare providers continue to adopt minimally invasive techniques, the market for peripheral micro catheters is expected to experience sustained growth, providing enhanced treatment options for patients.

Following the development of AI and connected medical devices, the healthcare sector has experienced tremendous growth over the past ten years. The scope for diagnostics and therapies within the medical field has been greatly expanded by technological advancement.

The report offers extensive data sets validating key trends impacting growth in the Global Peripheral Micro Catheters Industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Peripheral Micro Catheters Market. With our extensive research and information about the past, current, and future Market scenario, the Global Peripheral Micro Catheters Industry report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Detailed analysis of the geographical region and country wise insights are offered in the latest Global Peripheral Micro Catheters Industry report with established market players as well as incumbents in the region.

Global Peripheral Micro Catheters Industry: Segmentation

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

By Product Type:

  • Coils and Spherical Embolic
  • Guided Wires

By Application:

  • Atherosclerosis
  • Peripheral Venous Disease
  • Blood Clotting Disorders

By End Use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Emergency and Trauma Centers
  • Cardiac Catheterization Centers

Comprehensive analysis of the regional Markets offers exclusive insights into the Market performance across geographies along with relevant graphs, figures, and a list of tables.

Competitive Analysis

By Prominent Market Players

  • Surmodics Inc.
  • BrosMed Medical Co., Ltd.
  • Cardiovascular Systems, Inc.
  • Terumo Europe NV
  • Teleflex Incorporated
  • Koninklijke Philips N.V.
  • Merit Medical Systems
  • Cook
  • INCATHLAB

With an extensive SWOT analysis, the FMI’s study presents each player’s strengths, weaknesses, growth prospects, and challenges. The report also includes important data including the sales strategy, pricing strategy, and Marketing strategy adopted by these players in the Global Peripheral Micro Catheters Industry

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Patient Transport Services Market Poised for Strong Growth, Expected to Reach USD 117.1 Billion Record Levels by 2032 at a 12% of CAGR

Patient Transport Services Market
Patient Transport Services Market

According to a newly released analysis report from Future Market Insights, the global Patient Transport Services Market reached a value of USD 34.1 billion in 2021. The report projects robust growth over the forecast period, with the market expected to grow at an impressive compound annual growth rate (CAGR) of 12% from 2022 to 2032, outpacing historical trends.

Among various modes of transport, Ground Ambulance services are anticipated to be the largest revenue generator in the market, with a projected CAGR of over 13.1% during the same period. This rise is driven by increasing demand for efficient and reliable patient transportation, as well as advancements in healthcare logistics.

As healthcare systems worldwide place a greater emphasis on timely patient care and emergency medical services, the Patient Transport Services Market is expected to witness substantial expansion. Stakeholders are encouraged to explore opportunities in this rapidly growing sector, particularly within ground ambulance services, which are expected to play a key role in shaping the future of patient transport.

The projected growth rate of 12% stands out as a significant leap, far surpassing historical trends in the Global Patient Transport Services Industry. This surge is indicative of the industry’s resilience and adaptability, highlighting the crucial role it plays in the global healthcare ecosystem.

The use of emergency medical transportation systems is extremely beneficial in situations involving severe patient trauma or a related adverse outcome. Patients in need of care and transfer to an emergency medical facility can be addressed immediately by allocating resourceful equipment planning and structure.

Because of efficiency in the management of critical care and long-term care patients in mobility, positioning, and transfer, sales in the market are expected to grow. Apart from that, chronically ill patients are given alternatives for transportation to and from medical facilities. These instances are provisional, based on reimbursements for patient transportation equipment capabilities, as determined by the patient’s insurance coverage, or government-funded initiatives.

The market for patient transportation is likely to gain traction, especially with the high prevalence of chronic diseases, high volumes of trauma-related cases, and disabilities. In cases where bariatric and diabetic patients require caregiver assistance for mobility, patient transportation solutions provide assistance.

To offer a diverse product range, manufacturers in the patient transportation market are developing products which are engineered as per disease indication. Key competitors have maintained a leading position in the market by integrating smart technologies into existing product offerings.

Several firms are also promoting equipment sales through integration and collaboration with medical service providers, such as hospitals, which in turn is expected to boost sales in the market over the forecast period.

“Rising availability of indication-specific patient transportation solutions, along with the integration of connective technology such as artificial intelligence (AI) and IoT in beds and chairs will push sales in the market in the forthcoming years,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Patient Transport Services Market Key Takeaways:

  • Based on application, the non-emergency transportation held about 4% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • In terms of end users, the hospitals segment accounted for 45.9% of the total market share in 2021.
  • Sales in the U.S. patient transportation market are projected to increase at a 6.3% CAGR over the assessment period.
  • Germany will witness high demand for patient transportation solutions, rising at a 6% CAGR through 2032.
  • China will continue dominating the East Asia patient transportation market, with sales growing at a 5.9% CAGR over the forecast period.

Patient Transport Services Market Competition Landscape 

Key players operating in the global patient transportation market are improve their product portfolios by incorporating breakthrough technologies for comprehensive patient care throughout the transportation process. In addition to this, the newly developed products can be personalised for use in response to certain disease-related events. For instance:

  • Stryker launched the industry’s first linked ambulance cot in March 2022, building on the success of its predecessor, the Power-PRO 2 powered ambulance cot. Greater manoeuvrability, improved safety, and connectivity tools are all part of the new development, which will help to mitigate time and cost constraints.
  • In December 2021, Vendlet launched a new powered patient turning aid.

Patient Transport Services Market Key Players :

  • Envision Healthcare
  • London Ambulance Service NHS Trust
  • Acadian Ambulance Service
  • BVG India Limited
  • America Patient Transport Services, Inc
  • Falck Denmark A/S
  • Air Medical Group Holdings, Inc.
  • Air Methods Corporation
  • Ziqitza Healthcare Limited
  • Medivic Aviation

Ambulette Services refers to the transport of patients who require medical assistance or monitoring during transit from one location to another, such as from a hospital to a healthcare facility or home. PTS can be provided by various organizations, including private companies, non-profit organizations, and government agencies.

PTS can include various types of transportation, such as ambulances, medical helicopters, or specialized vehicles designed to transport patients with mobility limitations. The service may also include medical personnel, such as paramedics or nurses, who are trained to provide medical care during transport.

Segments Covered in Patient Transport Services Market Analysis

By Transport Vehicle:

  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance

By Emergency Services Type:

  • Emergency Services
  • Non-emergency Services

By Equipment Type:

  • Advanced Life Support (ALS) Patient Transport Services
  • Basic Life Support (BLS) Patient Transport Services

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube