The factors such as increasing prevalence of cancer cases, growing adoption of minimally invasive procedures, increasing geriatric population, technological advancements in the field of interventional oncology, and expansion in the emerging markets are driving the market.
Factors such as increase in incidence of respiratory and cardiovascular diseases, rising adoption in homecare settings, growing use of patient monitoring devices in hospitals and launch of convenient fingertip and wrist oximeters are driving the market.
Increasing pressure of healthcare cost curbs on medical device companies, the need to reduce time to market, to manufacture competitively advantageous and distinct products at a reduced cost are fuelling the growth in medical device contract manufacturing market.
A medical robot is a programmable, multifunctional manipulator specialized devices used for surgery, medical training, rehabilitation therapy, hospital and pharmacy industry. The factors such as increasing demand for minimally invasive surgery, increasing aging population, technological innovations, the rising adaption of medical robots among the population and increasing clinical trials are driving the market.
These devices help in monitoring of blood sugar levels, calorie counting, and in insulin dose calculation, reduce complications to improve the quality of life of diabetics. Some of the factors driving the market are growing adoption of digital solutions such as cloud based software, technology advancements such as incorporating artificial intelligence to manage the diabetes.
Factors such as the increase in the prevalence of diabetes, advantages of insulin pumps over injections and insulin pens, increase in awareness about insulin pumps over traditional methods and technological innovations are driving the market.
Infusion pumps and accessories are class of drug delivering devices used for administering medications in a controlled, precise and automated manner. Subsequent rise in incidence of chronic diseases, technological innovations offering wider scope of applications for infusion pumps and increase in use of infusion products in home care setting are the factors driving the market growth.
Neuromodulation devices market has huge opportunity for existing players and new entrants, the neuromodulation device manufacturers can develop and launch new products to gain the sparely occupied market.
Electrosurgical devices use electrical energy where alternating current is used to cut, coagulate, desiccate tissue resulting in precise cut and limited blood loss. Increasing ageing population, cosmetic surgery, demand for minimally invasive surgery, patients suffering from obesity and technological advancements are driving the market growth.
Glucose Monitoring consist of products that are essential for patients suffering diabetes. With the projected rise in aged population and awareness about such conditions, the market is focused on growing with newer technology and improved products.