Ablation Devices Market is expected to register 11.3% CAGR between 2022 and 2029

Ablation devices are gathering momentum around the world, owing to their proven procedural efficacy, improved safety profiles, and awareness in current asymptomatic procedure-related events. Over the last decade, ablation devices have undergone significant technical improvements. These devices offer the benefits of enhanced patient quality of life, patient safety, and clinician efficiency, and are used as a frontline therapy.

Decrement in long-term hospitalization and minimal invasion are critical factors that are expected to propel the growth of the ablation devices market over the coming years. Ablation devices have gained clinical significance on the basis of effective treatment across various medical applications, as well as due to shorter recovery time with affordable minimal invasive procedures. Moreover, rising prevalence of chronic diseases such as cardiovascular diseases and tumors are expected to provide impetus to market growth.

However, the coronavirus (COVID-19) pandemic has put forward a challenging situation for players in the ablation devices market. The pace at which the pandemic is spreading and the resultant humanitarian toll is making it difficult for market players to react accordingly. As the healthcare industry is addressing the pandemic along with patients’ ever-evolving expectations, market players are devising future-ready strategies to brace themselves for the humanitarian and economic concerns ahead.

The global ablation devices market was valued at US$ 2.7 Bn in 2021, and is anticipated to witness a CAGR of 11% during the forecast period (2022–2029).

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Key Takeaways of Ablation Devices Market Study

  • Advanced ablation catheters has emerged as the largest segment by product type, representing 68% of overall revenue of the ablation devices market in 2021. This is attributed to being a viable alternative management strategy and their frequent use in the clinical management of paroxysmal atrial fibrillation. Further, better clinical outcomes through new ablation technologies to treat most arrhythmias and certain types of structural heart disease are responsible for their significant market share.
  • Hospitals accounted for a leading revenue share of 52%, owing to the availability of ablation devices and skilled personnel for better clinical management of various diseases across several medical domains.
  • Radiofrequency captured a major value share in the technology segment, attributable to its lesser potential risk and side effects, lesser recovery time, and its effective application on patients suffering from multiple tumors.
  • By functionality, automated or robotic ablation devices are expected to grow at an impressive rate; these accounted for around one-third of the global ablation devices market in 2021.
  • Cumulatively, North America and Europe hold a major share of the global ablation devices market, with the former holding a noteworthy share, and is expected to progress at a high CAGR during the forecast period.
  • Increasing prevalence of chronic diseases, high purchasing power, technology advancements, and government support for quality healthcare are contributing to the hegemony of North America in the ablation devices market, in terms of value.

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Ablation Devices Manufacturers to Focus on New Product Launches

Continuous upgradation and product launches in the ablation devices market are spurring intense competition among market players. Several companies are focusing on new product approvals for ablation devices. For example, in February 2020, Hologic, Inc. launched a next-generation NovaSure ADVANCED global endometrial ablation (GEA) system in the U.S. This system has been approved by the Food and Drug Administration (FDA). Regional and local players are also implementing these differentiating strategies to sustain their competitiveness.

Ablation Devices Market by Category

By Product Type:

  • Bipolar Energy Ablation Devices
  • Cryotherapy Ablation Devices
  • Hydrothermal Ablation (HTA) Devices
  • Thermal Balloon Ablation Devices
  • Advanced Ablation Catheters
    • Cryoablation Catheters
    • Irrigated tip RF Ablation Catheters
    • Laser Ablation Catheters
  • Standard Ablation Catheters
    • Conventional Radiofrequency Ablation Catheters
  • MRI Guided Neurosurgical Ablation
    • MRI Guided Laser Therapy Systems
    • MRI Guided RF Ablation Systems
    • MRI Guided Focused Ultrasound Systems
    • Accessories

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By Technology:

  • Laser
  • Radiofrequency
  • Microwave
  • Ultrasound
  • Others

By Application:

  • Cardiovascular
  • Cancer
  • Urological
  • Ophthalmic
  • Others

By Functional:

  • Automated Robotics
  • Conventional

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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India Sustainable Tourism Market to Expand by 19.3 % through 2032 | Low-cost Healthcare Facilities and Treatments in India to Propel Market Growth

The India sustainable tourism market size is projected to be valued at US$ 26.01 Mn in 2022 and is anticipated to reach US$ 151.88 Mn by 2032, with a rapid CAGR of 19.3% from 2022 to 2032.

The demand for sustainable tourism in India is increasing as the country promotes resource conservation, regional culture and tradition, and economic progress. These factors are essentially increasing India sustainable tourism market share.

Extraordinary nature, the environment, cultural tradition, heritage, and a variety of other factors are expected to drive the India sustainable tourism market size over the forecast period. India is surrounded by southern tropical forests and the northern Himalayan peaks.

Furthermore, India has a wide variety of natural habitats, including hundreds of kilometres of coastline dotted with magnificent beaches and mangroves. As a result, sustainable tourism is gaining popularity in India.

The tourism industry’s approach to inclusive, long-term development is particularly important for livelihoods. India is a famous tourist destination on a global scale due to its enormous diversity. As a result, ensuring the tourism sector’s long-term viability is crucial. Most countries consider sustainable tourism as a vital trend for the tourism industry’s future.

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Furthermore, India is a huge country with beautiful and peaceful landscapes, as well as cultural and historical assets, which is one of the elements fuelling India’s sustainable tourism market growth. It is essentially a country offering tourist spots for all types of visitors. The tourist industry is the most active and contributes to global economic growth and recovery by assisting many other businesses such as lodging, catering, transportation, retail, and entertainment.

Due to COVID-19, tourism businesses have suffered significantly as a result of the outbreak, which has resulted in a significant drop in both tourists and revenue. All firms have had to undergo considerable modifications in order to continue to operate. However, as the situation stabilizes, India’s sustainable tourism market is anticipated to grow.

Key takeaways

  • Middle-aged people that are 26-35 age group segment will continue to hold the highest share in traveling in the forecast.
  • The domestic tourist segment will remain high in the tourist type category over the forecast period.
  • Indian government is highly involved in sustainable tourism and the government is launching a new strategy and plan to make the country sustainable.
  • In terms of tour type, the package travellers are estimated to account for the relatively highest value share in the Indian sustainable tourism market
  • The online booking segment is estimated to hold a major share in the sustainable tourism market for travellers in India. Travelers prefer online booking because is feasible and even get more offers and discounts in online booking

“India is a country with a tapestry of intercultural experiences, as well as the world’s oldest civilization with countless attractions, which is driving the regional sustainable tourism market share.“-FMI analyst

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Competition Landscape of India Sustainable Tourism Market

Leading companies providing India sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in India, and new offers that have driven sales growth of sustainable tourism in India.

Major leading companies providing sustainable tourism in India are Spiti Ecosphere, Tons Trails, Exo Travel, Travelife, Asian adventures, Sky view by Empyrean, Green People, Evolve Back, Himalayan Ark, Kipepeo, Desia Ecotourism, Grassroutes Journeys, and India untraveled.

Recent Developments in the India Sustainable Tourism Market:

  • Greeves India, an Indian travel firm, is offering a chance to stay at the most exquisite resorts in India for a fraction of the price.
  • Sky view by Empyrean announced the introduction of a new premium boutique accommodation service for travellers on October 20, 2021.

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India Sustainable Tourism Market by Category

By Tourism Type :

  • Eco-Tourism
  • Green Tourism
  • Soft Tourism
  • Community Tourism

By Booking Channel :

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourism Type :

  • Domestic
  • International

By Tourist Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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New Zealand Sports Tourism Market is Expected to Boost Due to Increasing Digitization in Sports Tourism with Increasing Promotional Activities

As per a recent market analysis by Future Market Insights (FMI), the New Zealand sports tourism market size is poised to reach a valuation of US$ 4,585 Million in 2022. Sales are projected to increase at an 8% CAGR, with a historic CAGR of 7.7% from 2017 to 2021.

Governments recognize the demand for New Zealand sports tourism not just as a source of revenue, but also as a tool for promoting communal cohesion.

Further, the New Zealand sports tourism market is following various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services in order to increase value for customers and increase sales leading to New Zealand sports tourism market growth.

As the majority of potential customers are millennial who spend the majority of their time on the internet using search and social media, having an online presence will certainly increase the business’s value boosting the New Zealand sports tourism market key trends and opportunities.

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Offering contactless payment methods may be perceived as a need rather than a luxury by many customers and staff who loathe dealing with cash influencing the New Zealand sports tourism market future trends. As a result of the Covid outbreak, many people in the New Zealand sports tourism market have started to employ contact payment systems.

Key Takeaways:

  • In terms of tour type of New Zealand sports tourism market, the package travellers are estimated to account for the relatively highest New Zealand sports tourism market
  • By booking channel, the online booking segment is anticipated to hold a major New Zealand sports tourism market
  • The travellers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online affecting the New Zealand sports tourism market opportunities.
  • In terms of age group, demand in the 26-35 segments will continue gaining traction through 2032 positively impacting the New Zealand sports tourism market trends.
  • Based on tourist type of New Zealand sports tourism market, the domestic tourist segment will remain high over the forecast period.

 A drive from consumers for more genuine experiences, such as the experiencing the sports events in a realistic way, especially among the sports enthusiasts after the COVID period is expected to rise in forecast period” – Says an FMI analyst.

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Impact of COVID-19 on the Market

The impact of COVID-19 on all the sectors of the New Zealand tourism industry, including New Zealand sports tourism market, has been dramatic. Many of the local, national and international games have been cancelled or have been taking place in various social restrictions like a limited number of seating.

Various other Outdoor activities and programs have also been cancelled due to travel restrictions. But, since few forms of sports tourism activities, such as outdoor recreation, are alternatives to mass tourism, they are predicted to grow in the New Zealand sports tourism market future trends.

Moreover, the closing of public places and tourism activities as a result of the pandemic resulted in the New Zealand sports tourism market complete collapse during the crisis.

However, in light of this situation, players are now focusing on promoting and revitalizing their businesses through a variety of strategies, such as the development of online platforms and the provision of high-quality tourism services, as this allows them to reach a larger consumer base at a lower cost.

Who is winning?

Leading New Zealand sports tourism market manufacturers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of sports tourism in New Zealand.

Major players present in the New Zealand sports tourism market are HAKA SPORTS TOURS, Sportsnet Holidays, Williment, All Blacks Tours, Dragonfish, Estilo Sports Travel, Exodus Travels, G Adventures, World Expeditions, Real New Zealand Tours Limited, and Intrepid Travel.

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New Zealand Sports Tourism Market by Category

By Sports Type:

  • Football/ Soccer
  • Cricket
  • Motorsport
  • Basketball
  • others

By Sports Tourism Type:

  • Sports Event Tourism
  • Nostalgia Sports Tourism
  • Active Sports Tourism
  • Passive Sports Tourism

By Consumer Orientation:

  • Men
  • Women
  • Children

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Age Group:

  • 15-25 Years
  •  26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Region:

  • Oceania

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GCC Countries Medical Tourism Market – Rising Demand for Accessible Healthcare to Propel Growth

As per a recent market analysis by Future Market Insights (FMI), the GCC countries medical tourism market is poised to reach a valuation of US$ 6,605 Mn in 2022.

GCC countries medical tourism market is predicted to grow due to factors such as government policy and hospitality quality. Furthermore, the demand for medical tourism in GCC countries is likely to rise due to the development of world-class infrastructure that has contributed to the expansion of the medical tourism market.

Along with the high caliber of experienced surgeons and doctors, the GCC countries’ expanding number of internationally known hospitals has made GCC countries a popular medical tourism destination.

The demand for medical tourism in GCC countries is rising due to the low expenses of consultations, housing, treatment, drugs, and surgery. Moreover, the GCC countries medical tourism market is expanding as GCC countries are among the most cost-effective areas to get healthcare services. The sales of medical tourism in GCC countries is projected to grow due to the best facilities available in industrialized economies that are significantly less expensive.

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Government initiatives and programmes have also had a favourable impact on the overall growth of the medical tourism market in the GCC countries. Short-term medical visas are accessible within two days, as are long-term visas for sophisticated surgeries, official recommendations, and so on.

This has considerably benefited in the creation of a consumer base, as well as immediately assisting in the process of increasing the GCC countries medical tourism market share around the world.

With global limitations projected to loosen after 2022, the GCC countries medical tourism market is anticipated to develop at a pre-pandemic rate, and the industry is anticipated to rebound. Due to the scheduled backlog of procedures in their home countries, people from wealthy countries would consider the GCC Countries as one of their options for receiving their surgeries and treatments as promptly as possible, on a fast-tracked approach.

“Massive government support in the form of policies, infrastructure, and investments, along with the excitement of private players to enter the market is anticipated to help in the long term.”- FMI Analyst.

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Key Takeaways:

  • Currently, the UAE leads the GCC countries’ medical tourism industry.
  • The presence of JCI approved hospitals and qualified medical personnel is projected to help to develop the market.
  • Countries such as the United Arab Emirates and the Kingdom of Saudi Arabia are among the world leaders in terms of the number of JCI approved hospitals and medical institutions.
  • Due to the availability of modern technology and highly qualified dental surgeons in the country, the dental treatment segment dominates the GCC countries’ medical tourism business.
  • Wellness services are prominent in GCC countries due to the popularity of traditional therapies.
  • The GCC nations’ warm and humid climate makes them a perfect place for relaxing and recovering from medical operations, fueling the GCC countries’ medical tourism market growth.
  • Tour packages are the most popular tour type in the GCC medical tourism sector.

Competition Landscape in the GCC Countries Medical Tourism Market

The key to staying successful in the market is anticipated to be the company’s global presence and offering end-to-end services. The strategy to maintain the competitive advantage in the market is anticipated to cater to customer needs such as the visa application process, accommodations, travel, and consultation.

Major players present in the GCC Countries Medical Tourism market are Healthcapita (Wellness Zone WLL), Thumbay Medical Tourism, Fakhri Travel & Tourism Centre, American Hospital Dubai, VAID Health Care Services (VHS), Ontime Healthcare, Shifa International Hospitals, Zulekha Healthcare, Exeter Bone & Joint, Lyfboat Technologies Pvt. Ltd, Medsurge India, Al Afiya Medi Tour, Farhan Travel & Tourism, AL Hakkim Medical Services, Arabian Gulf Medical Tourism Agency, Abeer Medical Group, and Inaaya Medical Tourism.

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Recent Developments in the GCC Countries Medical Tourism Market:

  • Healthcapita (Wellness Zone WLL) offers its services on a worldwide scale and has a mobile app to enhance the user experience.
  • The Dubai Health Experience (DXH) company has announced the construction of a cutting-edge specialised fertility centre, as well as a cooperation between India’s Meitra Care Network and Dubai’s Canadian Specialist Hospital for heart and lung treatments (CSH).

GCC Countries Medical Tourism Market by Category

By Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopaedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

By Services:

  • Wellness Services
  • Therapeutic Services

By Tour Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

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Thailand Medical Tourism Market is Boosting Due to its Providing Appropriate Funds, Establishing Guidelines, and Marketing the Sector

As per a recent Thailand medical tourism market analysis by Future Market Insights (FMI), the Thailand medical tourism market is poised to reach a valuation of US$ 5,687 Mn in 2022. Sales are projected to increase at an 18.4% CAGR through 2032.

Thailand’s medical tourism market is expected to grow at a significant rate during the forecast period. This is mainly due to the factors such as the systematic establishment of the Thailand medical tourism market, strong government support in form of friendly policies, the presence of internationally accredited hospitals, and the affordability offered for treatments.

Having the top-notch medical facilities and infrastructure present in the country helps in boosting the Thailand medical tourism market key trends and opportunities, along with skilled and qualified personnel who boast international certifications and have a trusted background of successful treatments.

The hospitality of Thailand is one of the country’s most notable features, this helps in attracting consumers to the Thailand medical tourism market which leads to the escalation of the Thailand medical tourism adoption trends.

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One of the most important factors that led to the rise of the Thailand medical tourism market was the public-private partnership working hand-in-hand to establish the Thailand medical tourism market presence across the globe.

Key Takeaways:

  • Thailand remains the pioneer in the global medical tourism market due to its systematic approach while establishing the sector.
  • Cosmetic and Dental Treatments are some of the most affordable and trusted procedures in Thailand, making them the prominent treatments opted for by medical tourists.
  • Online bookings were the most preferred mode of bookings among the consumers in the Thailand medical tourism market share.
  • Female medical tourists outnumbered the male medical tourists in the Thailand medical tourism market size.

Competitive Landscape

Key firms in the Thailand medical tourism market are focused on providing customers with a hassle-free experience. To provide customers with utmost comfort, the service providers offer end-to-end solutions for all the travel needs and accommodation. For instance:

  • Thai Medical Vacation offers complete solutions on their online platform for major treatments, providing services ranging from visa, consultation appointments, and stay accommodations.

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Thailand Medical Tourism Market by Category

By Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

By Services:

  • Wellness Services
  • Therapeutic Services

By Tourist Type

  • Domestic
  • International

By Tour Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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India Medical Tourism Market – Improved Healthcare Services and Government Support Surging the India -Future Market Insights

As per a recent market analysis by Future Market Insights (FMI), the India medical tourism market is poised to reach a valuation of US$ 7,417 Mn in 2022. The market is projected to increase at a CAGR of 19% during the forecast period.

India’s medical tourism is forecast to grow at an exponential rate during the forecast period. Multiple external and internal factors ranging from government policies to quality of stay positively impact the India medical tourism market outlook.

The emergence of high-quality infrastructure in the country has facilitated the growth of the medical tourism market. The increasing number of internationally accredited hospitals in India, along with the high quality of expert surgeons and doctors, propel the India medical tourism market share.

The low cost of consultation, accommodation, treatment, medicines, and surgery make India one of the most affordable options for availing healthcare services, setting new India medical tourism market trends and opportunities.

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The quality of the procedure matches up to the top facilities available in developed nations, while being very affordable compared to developed nations like the US. Government schemes and interventions have also had a positive impact on the overall growth of the Indian medical tourism market.

Availability of medical visas under the e-visa section, offering long-term visas for an extended stay, official guidelines, and organizing campaigns like ‘Heal in India’ are some of the positive government interventions which are elevating the Indian medical tourism market share.

Wellness services like yoga and meditation have also been popular among tourists visiting India for medical reasons. ‘Ministry of Ayush’ established in 2014, regulates all the affairs related to alternative treatments and wellness sector in the country.

The ministry has also been working on promoting these services among the visiting tourists, while providing official guidelines and platforms for the firms operating within the sector, improving India’s medical tourism market statistics.

“Positive government intervention and co-operation of different departments are required to ensure the smooth and healthy growth of the India medical tourism industry. “-Says an FMI analyst.

Key Takeaways:

  • The India medical tourism market is expected to have a CAGR of 19% through 2032.
  • Top Players had an India medical tourism market share of 3%-8% in 2021.
  • India accounts for between 4%- 8% of the world’s medical tourism market in terms of total demand.
  • Due to the high level of healthcare offered in both regions, Maharashtra and Tamil Nadu continue to rank as two of the most popular states in the nation for medical tourism.
  • Independent traveling is leading in the India medical tourism market due to increasing ease of availing facilities.
  • Online booking is the preferred booking channel in the India medical tourism market.

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Competitive Landscape:

Leading players of India medical tourism are focused on providing the consumers with a luxury stay and the utmost high-quality treatment. The key players have also focused on increasing their network of hospitals and doctors to provide a holistic experience for their consumers.

Major players present in the India medical tourism market are WorldViewer Dot Com (India) Pvt. Ltd., Top Travel & Tours Pvt. Ltd., eLand Holidays Pvt. Ltd, ToursinIndia Tourist Agency, Forerunners Healthcare, Vaidam Health, Top Indian Holidays Pvt. Ltd., Dynasty Tours & Travel., CredihealthPvt. Ltd., ClinicSpots, MediConnectPvt. Ltd., Medmonks Medicare Pvt Ltd., Mediniq Healthcare Pvt. Ltd., Global Treatment Services Pvt Ltd, and FrontEnders Healthcare Services Pvt. Ltd.

Recent Developments:

  • Fortis Healthcare Group, with a chain of 29 hospitals in India, has started offering its own consultation packages for foreign medical patients seeking treatment.
  • Indian insurers ought to make a serious effort to market their health plans to foreigners. An additional $9 billion in premium and patient influx to India could result from this.

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India Medical Tourism Market by Category

By Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

By Services:

  • Wellness Services
  • Therapeutic Services

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

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Robotic Catheterization Systems Market is set to experience a significant growth of 14.8% CAGR from 2022 to 2029

A recent clinical study radiation level research with robotic catheterization and normal cardiac intervention procedures reveals that robotic catheterization systems show reduction of ionizing radiation exposure by 95%.

This factor will be prominent in pushing the preference for robotic catheterization systems as an effective procedure for catheterization. Projected to reach US$ 42.9 Mn by the end of 2022, robotic catheterization systems market is set to thrive at an impressive CAGR of 14.8% during the forecast period 2022 – 2029

Interventional and surgical robotic systems have already made a significant impact on how surgeries are performed and are being increasingly adopted in modern operating rooms. Robotic catheterization systems have proved their abilities to perform interventional procedures with immensely low operator radiation exposure in comparison to the tradition catheterization procedures.

Procedures where clinicians are given navigational and mechanical tools that permit definite actions or part of the procedure to be executed autonomously with a level of precession and control are possible only with robot-assisted catheterization.

Key Takeaways – Robotic Catheterization Systems Market Study

  • Popularity of robotic catheterization systems, increasing system awareness, improving reimbursement scenarios for percutaneous coronary intervention (PCI), larger patient pool for coronary artery diseases are key factors influencing the robotic catheterization systems market in developed countries.
  • High upfront cost is posing a negative impact on end users’ decision to purchase robotic catheterized systems. To rework this problem, Hansen Medical is offering sensei system at a competitive pricing depicting lower accessory cost and lower total cost per procedure.
  • Robotic catheterization systems installed in Chesapeake Regional Healthcare marks as the first fully integrated catheterization laboratory installed in its all intervention operating room.
  • In terms of product type, electromechanical robotic catheterization systems with comparatively higher technical advantage over magnetic-guided robotic catheterization systems is expected to generate significant revenue.
  • In terms of application, increasing adoption of robotic catheterization for percutaneous coronary intervention as compared to cardiac electrophysiology procedure marks higher revenue potential.

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The first ever successful robotic PCI procedure in Asia Pacific that delivered positive results will be offering an inception point for the growth of robotic catheterization systems market in developing Asian economies.

Market Leaders on Acquisition Spree

In reference to the trend in other medical device markets, key factors impacting the robotic catheterization systems market are partnerships and mergers observed in recent years. Key manufacturers are entering the robotic catheterization systems market by strategically expanding their reach through acquisitions and mergers, considering the increasing demand for these systems.

Product bundling of robotic catheterization and accessory systems at promotional rates and research contracts are forcing a decline in ASPs. Companies are focusing on limiting operational expenses to grow profitability. In contrast to these market changes, another significant factor influencing the robotic catheterization systems market is the exit and entrance of co-participating companies.

In August 2022, Corindus Vascular Robotics Inc., a prominent developer of precision vascular robotics, declared that it has settled on acquisition by Siemens Healthineers AG., representing a collective purchase price of approximately $1.1 billion.

In April 2016, Hansen Medical Inc. was acquired by Auris Surgical Robotics Inc. in an arrangement with roughly US$ 80 Mn of equity value. With Hansen portfolio, Auris attained Magellan Robotic System, employed in navigating peripheral blood vessels in endovascular procedures, and Sensei Robotic System, a robotically steerable catheter system.

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Robotic catheterization systems market, a new study from Future Market Insights, provides unparalleled insights on evolution of the robotic catheterization systems market during 2014 – 2021 and presents demand projections during 2022 – 2029 on the basis of product category (Electromechanical robotic catheterization systems, magnetic-guided robotic catheterization systems), application (percutaneous coronary intervention, cardiac electrophysiology procedures), and end user (hospitals, ambulatory surgical centers, catheterization laboratories) across seven prominent regions.

Key Market Segments Covered in Robotic catheterization systems Industry Research

By Product :

  • Electromechanical Robotic Catheterization Systems
  • Magnetic-Guided Robotic Catheterization Systems

By Application :

  • Percutaneous Coronary Intervention
  • Cardiac Electrophysiology Procedures

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By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Catheterization Laboratories

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Nucleic Acid Isolation and Purification Market is expected to reach US$ 994 Million by 2022

Future Market Insights (FMI), in its latest publication, outlines the future trajectory of the global nucleic acid isolation and purification market through 2029. According to the report, worldwide sales of nucleic acid isolation and purification kits were valued at ~US$ 994 million in 2022, and are estimated to register a Y-o-Y growth of ~4% in 2022. As the consistency and reliability of molecular diagnostic results relies heavily on the quality of genetic material i.e. DNA and RNA, manufacturers are focusing on offering high-quality products, ensuring improved yield and purity.

With growing need to understand and characterize microbial diversity, including that associated with human body, governments as well as private companies are increasingly investing in life science projects, thereby creating a greater demand for nucleic acid isolation and purification. While the high cost challenge persists, shortage of skilled professionals in healthcare and biopharma industries remain the longstanding challenges.

Rapid and efficient methods or products to extract genomic RNA and DNA from virtually any biological sample have been growing in demand to ensure the success of downstream applications in molecular biology. With growing research on detection of tumor specific changes, FMI study finds that nucleic acid isolation and purification market vendors are exploring new technologies to facilitate ease-of-use and minimize user-error of their products.

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Future market Insights’ study reveals that the nucleic acid isolation and purification market is likely to expand at a CAGR of ~5.6% during the period 2022-2029. One of the key influencing factors is manufacturers’ focus to direct their investments towards advanced technologies such as magnetic-bead or bead-beating technology, to align with end users’ demand for an effective system for extraction of high-quality starting material and efficient inhibitor removal. The unique challenges for extracting and purifying nucleic acid from different organisms and tissue types, have also brought more focus on customized systems and solutions.

Advances in Microbiome Research to Dictate Manufacturers’ Growth Strategies

In comparison with RNA isolation kits, manufacturers continue to increase innovations and production of DNA isolation kits, as the category is expected to account for larger share in the market during the forecast period. As per the study, lucrative opportunities are identified in increasing application scope of DNA isolation and purification kits in various academic research institutes, contract research organizations, and biotechnologies companies to not only successfully extract the DNA but also to minimize the presence of contaminants and prevent nucleic acid degradation during preparation.

As genomic and microbiome research advances, manufacturers are working on automating the nucleic acid isolation and purifications kits to recover DNA and RNA from the toughest samples used in microbiome work such as soil and stool samples.

Growth prospects of the nucleic acid isolation and purification market, as the study opines, are relatively high in developed countries of North America and Europe. Hefty investments in R&D on molecular biology and precision medicines over gradual increase in the prevalence of cancer, genetic disorders, and complex diseases are likely to influence the manufacturers to enhance their production capabilities.

Tapping into opportunities in China and Japan for acquiring local players and increasing manufacturing facilities will provide the added advantage to gain a new customer base. As innovations zoom in, a number of market players are working on offering products that are free of toxic organic solvents and enable cost-effective method to extract and purify PCR-ready DNA or RT-PCR-ready RNA from numerous samples.

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The report also offers an incisive outlook on the competitive landscape of nucleic acid isolation and purification market. As per the study, extensive M&A activities and new launches remain the key focus areas of the market players. In addition, they are emphasizing on strengthening outsourcing and solutions through strategic collaborations.

Nucleic Acid Isolation and Purification Market by Category

By Product:

  • DNA Extraction and Purification Kits
    • Column Based Kits
    •  Magnetic Beads
    •  Reagent Based Kits
  • RNA Extraction and Purification Kits
    • Column Based Kits
    • Magnetic Beads
    •  Reagent Based Kits

By Application:

  • Plasmid Isolation and Purification
  • DNA Isolation and Purification
  • RNA Isolation and Purification

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By End User:

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Contract Research Organizations
  • Academic Research Institutes

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Gene Editing Tools Market is expected to register 18.8% CAGR between 2022 and 2029

According to latest research by FMI, the global gene editing tools market is estimated to have accounted for more than US$ 481.3 Mn in terms of value in 2022. The report on the gene editing tools market further projects that the gene editing tools market is likely to grow at a CAGR of over 18.8% during the period 2022-2029.

The Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR/Cas9) segment is a leading segment in terms of revenue by product type in the gene editing tools market, and accounted for an approximate revenue share of 75% in 2018. CRISPR/Cas9 gene editing tools are most widely used by scientists to create transgenic animals that include zebrafish, pigs, mice, rats, and primates. Among all the distribution channels in the gene editing tools market, the academic and research institutes segment is expected to be most prominent segment, followed by biotech and pharmaceutical companies.

Prevalence of Cancers and Rare Genetic Diseases Establish a Strong Base for Innovation of Gene Editing Tools

The rising prevalence of cancer and other genetic disorders, such as sickle cell disease, heart disease, diabetes, Alzheimer’s disease, obesity, and others, is among the key factors impacting the growth of gene editing tools market. Cancer is registered to be the second most prominent cause of death worldwide. According to the World Health Organization (WHO), the number of deaths due to cancer worldwide in 2015 was 8.8 million. However, cancer alone was responsible for an estimated 9.6 million deaths globally in 2021.

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Worldwide, approximately about 1 in 6 deaths occur owing to cancer. An analysis states that approximately 70% of deaths due to cancer occur in low- and middle-income countries. Thus, gene editing is most preferred for the management of rare genetic disorders, which is driving the demand for gene editing, thus generating a favourable revenue opportunity for gene editing tools.

The growing prevalence and incidence of rare genetic disorders, majorly Sickle Cell Disease (SKD), cancer, and Alzheimer’s disease, is leading to the high demand for genome editing, and is one of the leading factors that is contributing significantly to the growth of the gene editing tools market. Moreover, gene editing tools, such as CRISPR, TALENs, and ZFNs, find precise applications in the treatment of cancer. Owing to the high efficiency and accuracy of the CRISPR-Cas9 gene editing technique, it has emerged as a potential tool for cancer therapy. Among its various applications, CRISPR-Cas9 has a high clinical potential to detect novel target genes for cancer therapy.

Biomedical Community Eyes Potential Application of Gene Editing Tools

Introduction of technologically advanced gene editing tools is expected to boost the growth of gene editing tools market. Recent advancements in CRISPR gene editing tools and their ease of use have generated significant interest in the biomedical community.

Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)-based gene editing has high potential to cater to the therapeutic landscape of induced disorders, owing to the presence of key players in the industry such as Intellia, CRISPR Therapeutics, and Editas. CRISPR gene editing tools offer precise gene-targeted treatments for β-thalassemia and SKD. Among gene editing tools, there are potential applications for CRISPR in the gene editing tools market in human therapeutics as well as veterinary therapeutics.

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Regional Players Focusing on Product Reach & Connectivity

North America, followed by Europe, is a prominent region in the global gene editing tools market. North America accounts for a revenue share of about 25.0% in 2021 in gene editing tools market. Europe accounting for the second-largest revenue share, and is followed by South Asia in the gene editing tools market. India, China, and Japan are among the emerging markets in the gene editing tools market. Japan is among the fastest-growing emerging markets in the global gene editing tools market, and is projected to grow at a CAGR of more than 6% during the forecast period of 2022-2028.

The gene editing tools market report tracks some of the key companies operating in gene editing tools market, such as Thermo Fisher Scientific Inc., ERS Genomics, CRISPR THERAPEUTICS, Merck KGaA, Editas Medicine, Takara Bio USA, New England Biolabs, Intellia Therapeutics, Inc., and GenScript Biotech Corporation. Majority of the key regional players in the gene editing tools market are focused on increasing their product reach and connectivity with the help of domestic distributors of gene editing tools.

Moreover, the manufacturers of gene editing tools are focused to strengthening their businesses in high-growth markets, such as India, Japan, China, and Argentina, by expanding their sales and distribution channels across these countries.

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• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Gene Editing Tools Market by Category

BY Product:

  • Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR/Cas9)
  • Zinc Finger Nucleases (ZFNs)
  • Transcription Activator-Like Effector Nucleases (TALENs)
  • Viral Systems
  • Transposon Systems
  • Others

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BY Application:

  • Veterinary Medicine
  • Cell Line Engineering
  • Bioremediation
  • Food and Brewing Development
  • Food Waste Management
  • Bio sensing Development
  • Others

BY End User:

  • Biotech and Pharma Companies
  • Contract Research Organizations
  • Academic and Research Institutes
  • Food Industry
  • Others

BY Region:

  • North America
  • Latin America
  • Europe
  • Oceania
  • East Asia
  • South Asia
  • Middle East & Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Electronic Stethoscope Market is expected to reach a valuation around US$ 259 Million in 2022

[263 Pages Report] Up from nearly half a million units sold in 2018, the global sales of electronic stethoscopes will observe a robust 7.2% growth in 2022. The electronic stethoscopes market is expected to create an incremental opportunity worth US$ 170.9 Mn between 2022 and 2029.

Key Manufacturers Continue to Strategize on New Product Launches in Electronic Stethoscopes Landscape

Almost 2/5th of total adoption of electronic stethoscopes is registered at hospitals, the report underscores that there has been significant adoption by medical institutes in the recent past. In the next few years, medical institutes and ambulatory surgical centers are likely to create multiple opportunities for manufacturers of electronic stethoscopes.

More than half of the overall sales is accounted by amplifying electronic stethoscopes, as indicated by FMI’s analysis. While amplifying electronic stethoscopes provide results as accurate as digitizing electronic stethoscopes, the latter are associated with high maintenance owing to the presence of multiple electronic components. Amplifying electronic stethoscopes are thus expected to observe significant growth in revenue over the course of coming years.

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According to the report, the market attractiveness of amplifying stethoscopes is strongly backed by the increasing number of launches of new electronic stethoscopes by a number of small- and medium-sized companies. Electronic stethoscopes are rapidly replacing conventional variants across developed countries, predominantly owing to accelerated regulatory approvals.

  • eKuore had launched the first wireless stethoscope for medical use.
  • Eko had launched the first Android–connected digital stethoscope.
  • In April 2018, Steth IO launched a digital smartphone-enabled stethoscope.

According to the report, approximately 60% of the electronic stethoscopes that are sold are enabled with Bluetooth technology and an integrated chest piece system. The former is however poised to witness a higher rate of adoption over the coming years.

North America Continues to Lead the Global Market for Electronic Stethoscopes

North America holds a considerable revenue share in the electronic stethoscopes market. With advancements in technology and the presence of a large number of healthcare facilities, electronic stethoscopes are being widely used in the region. Their ability to provide amplified sound output as well as reduce external sound makes it easy for medical professionals to detect sounds and provide proper treatment to patients.

FMI’s study has profiled some of the key companies operating in the global electronic stethoscopes market, including Eko Devices, eKuore, GlobalMed, 3M, Welch Allyn, Ambisea Technology Corp., Meditech Equipment Co., Ltd, HD Medical, Thinklabs, ADInstruments, and Cardionics Inc.

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Electronic Stethoscope Market by Category Product:

  • Amplifying Stethoscopes
  • Digitizing Stethoscopes

End User:

  • Hospitals
  • Clinics
  • Medical Institutes
  • Ambulatory Surgical Centers
  • Homecare Settings
  • Medical Camps
  • Catheterization Laboratories

Application:

  • Integrated Chest-Piece System
  • Wireless Transmission System (Bluetooth)
  • Integrated Receiver Head-Piece System
  • Other

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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