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Showing posts with the label Medtronic Plc.
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The global market for Contrast Media is projected to reach US$5.3 billion by 2025, driven by the growing number of imaging procedures such as X-Rays, MRI, CT, and Ultrasound supported by the prevalence of chronic diseases among the growing global population and the ensuing diagnostic burden and demand for imaging services. The global burden of chronic diseases can be put into perspective by the fact that it is the leading cause of death and disability in the world. Although easily preventable, chronic diseases such as heart disease, stroke, cancer, type-2 diabetes, obesity, thyroidism, and arthritis push up healthcare costs and also demand for healthcare services. By 2030, chronic diseases will emerge to be the most costly and prevalent killer worldwide. As a result, healthcare spending is forecast to reach a mind-bending US$19 trillion by the year 2040. A major portion of this expenditure will be spent on medical imaging procedures such as X-Rays, CT scan (computed tomography sc...

Medley of Macro Factors Coupled with Rising R&D Investments to Drive Opportunities in the Global Mechanical Ventilators Market

Rapidly aging population, rise in chronic respiratory diseases such as COPD, the launch of advanced new technologies and ventilation formats, and rising demand for neonatal ventilators are poised to drive the global market for Mechanical Ventilators to reach US$7 billion by 2024 . The global mechanical ventilators is set to exhibit a strong growth, driven by the increasing aging population, growing incidence of chronic respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD), and increase in critical care admissions. Rapid urbanization, rising pollution levels, , growing incidence of preterm births, and rising prevalence of smoking are the other growth propellers. Technological advancement in the field represents a key demand driver for mechanical ventilators. Technological innovations are focused upon improving synchrony between the patient and ventilator; reducing the risk of lung injuries caused due to high inspiratory pressure; reducing alarm fatigue; and stru...