Endoscopy devices market size was valued at USD 42.7 billion in 2021

The endoscopy devices market size was valued at USD 42.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030. The less invasive properties and affordable post and pre-procedure cost of endoscopy devices are the major factors anticipated to boost the market growth over the forecast period. Furthermore, a shift in trend to use disposable endoscopic components to minimize the procedure cost as well as the chance of cross-contamination is also expected to accelerate market growth over the years.

In addition, the growing chronic disease burden and increasing geriatric population all over the globe are also anticipated to fuel the adoption of endoscopic devices during the coming years. Moreover, growing medical conditions due to the increasing geriatric population often require endoscopic intervention such as liver abscess, gall stones, endometriosis, and intestinal perforation, which in turn are anticipated to drive the market for endoscopy devices over the forecast years. For instance, as per the Administration on Aging (AoA) of the U.S. Department of Health and Human Services report, about 16% of the population were aged above 65 years during 2019. This number is expected to increase to 21.6% by 2040.

Gather more insights about the market drivers, restrains and growth of the Global Endoscopy Devices market

In addition, increasing preference by medical professionals to use technologically advanced endoscopy devices equipped with a high-definition camera and light sources to help physicians analyze internal organs of interest also drives the market. The shift of preference towards minimally invasive surgical procedures than traditional surgeries to reduce hospital stay and minimize post-procedure complications are the major factors anticipated to fuel the demand for endoscopy devices. Hence, factors such as higher patient satisfaction, increased economic viability, and lesser hospital stay are expected to increase the demand for minimally invasive endoscopic interventions in the coming years, thereby accelerating market growth.

Furthermore, the growing burden of cancer all over the world also fuels the adoption of endoscopy devices for the early diagnosis and treatment of the disease. For instance, according to GLOBOCAN 2020 estimates 19.3 million new cancer cases worldwide and almost 10 million deaths occurred in 2020 due to cancer. In addition, the increasing preference for biopsies for diagnosis and detection of cancer in recent years is also likely to increase the adoption of endoscopic devices, which in turn is anticipated to drive the market for endoscopy devices over the years.

Technological advancement to develop innovative endoscopic devices is also anticipated to accelerate market growth during forecast periods. The key manufacturers are continuously looking forward to innovating advanced endoscopic solutions for better treatment and diagnosis of several chronic disorders. For instance, in August 2021, Fujifilm Holdings Corporation announced the commercial launch of the ELUXEO 7000X endoscopic Imaging System. This advanced imaging system enables real-time visualization of hemoglobin oxygen saturation (StO2) levels in tissue during laparoscopic and/or end luminal imaging procedures.

In addition, the endoscopy devices market has been significantly impacted by the COVID-19 pandemic. The reduction and postponement of elective surgeries due to the fear of COVID-19 infection have negatively impacted the growth of the market for endoscopy devices. In addition, supply chain disruptions, changing regulations for surgical procedures, are some of the factors that also hampered market growth in 2020. For instance, according to an international study published in the Arab Journal of Gastroenterology, Elsevier in 2020, the endoscopic procedure volume was reduced by over 50% of the 85% of the responded countries all over the world during the COVID-19 pandemic.

Browse through Grand View Research's Medical Devices Industry Research Reports.

Coronary Artery Bypass Graft Procedures Market - The global coronary artery bypass graft procedures market size was valued at USD 16.10 billion in 2018 and is anticipated to expand at a CAGR of 1.7% from 2019 to 2025. This, in turn, is boosting the demand for medical tourism in developing nations.

Stretch Marks Treatment Market - The global stretch marks treatment market size was valued at USD 2.1 billion in 2018 and is projected to expand at a CAGR of 8.04% by 2026. Increasing obesity issues due to prevalence of unhealthy lifestyle is majorly driving the growth. Growing cosmetic concerns among pregnant women is also expected to fuel the market.

Endoscopy Devices Market Segmentation

Grand View Research has segmented the global endoscopy devices market based on product, application, end use, and region:

Endoscopy Devices Product Outlook (Revenue, USD Million, 2014 - 2030)

• Endoscopes

o   Rigid Endoscopy Devices

o   Laparoscopes

o   Arthroscopes

o   Urology endoscopes

o   Cystoscopes

o   Gynecology endoscopes

o   Neuroendoscopes

o   Other rigid endoscopes

         Flexible Endoscopy Devices

o   Upper gastrointestinal endoscopes

o   Colonoscopes

o   Bronchoscopes

o   Sigmoidoscopes

o   Laryngoscopes

o   Pharyngoscopes

o   Duodenoscopes

o   Nasopharyngoscopes

o   Rhinoscopes

o   Other flexible Endoscopy Devices

         Capsule Endoscopy Devices

         Disposable Endoscopy Devices

         Robot Assisted Endoscopy Devices

       Endoscopy Visualization Systems

         Standard Definition (SD) Visualization Systems

o   2D systems

o   3D systems

         High Definition (HD) Visualization Systems

o   2D systems

o   3D systems

         Endoscopy Visualization Component

o   Camera Heads

o   Insufflators

o   Light Sources

o   High Definition Monitors

o   Suction Pumps

o   Video Processors

       Operative Devices

         Energy Systems

         Access Devices

         Suction & Irrigation Systems

         Hand Instruments

         Wound Retractors

         Snares 

Endoscopy Devices Application Outlook (Revenue, USD Million, 2014 - 2030)

• Gastrointestinal (GI) endoscopy
• Laparoscopy
• Obstetrics/gynecology endoscopy
• Arthroscopy
• Urology endoscopy (cystoscopy)
• Bronchoscopy
• Mediastinoscopy
• Otoscopy
• Laryngoscopy
• Other applications 

Endoscopy Devices End-use Outlook (Revenue, USD Million, 2014 - 2030)

• Hospitals
• Ambulatory surgery centers
• Other end uses 

Endoscopy Devices Regional Outlook (Revenue, USD Million, 2014 - 2030)

• North America

o   U.S.

o   Canada

• Europe

o   U.K.

o   Germany

o   Italy

o   France

o   Spain

o   Russia

o   Switzerland

o   Denmark

• Asia Pacific

o   China

o   Japan

o   India

o   Australia

o   New Zealand

o   Thailand

o   Indonesia

o   Malaysia

o   Vietnam

o   Philippines

• Latin America

o   Mexico

o   Brazil

o   Argentina

• Middle East Africa

o   South Africa

o   Saudi Arabia

o   UAE

o   Kuwait

o   Israel

o   Qatar 

Market Share Insights

September 2020 - PENTAX Medical announced to launch new Ultrasound Video Gastro scopes J10 Series in the U.S. These advanced gastro scopes enable better image quality, increase diagnostic capabilities, and help in effective disease management of the patient.

August 2021 - Fujifilm Holdings Corporation announced the commercial launch of the ELUXEO 7000X endoscopic Imaging System. This advanced imaging system enables real-time visualization of hemoglobin oxygen saturation (StO2) levels in tissue during laparoscopic and/or end luminal imaging procedures.

Key Companies profiled:

Some prominent players in the global Endoscopy Devices market include

• Olympus Corporation
• Ethicon Endo-surgery, LLC.
• FUJIFILM Holdings Corporation
• Stryker Corporation
• Boston Scientific Corporation
• Karl Storz GmbH & Co. KG
• Smith & Nephew Inc.
• Richard Wolf GmbH
• Medtronic Plc (Covidien)
• PENTAX Medical
• Machida Endoscope Co., Ltd.

Order a free sample PDF of the Endoscopy Devices Market Intelligence Study, published by Grand View Research.

3D Printing Metal Market Growth and Forecast, 2021 - 2028 : Grand View Research, Inc

The global 3D printing metal market size was valued at USD 380.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 25.7% from 2021 to 2028. Rising investments in 3D printing companies are projected to support market growth over the coming years. For instance, Mantle Inc. has raised USD 25 million in funding for the installation of commercial 3D printing systems in 2022. Mantle, Inc. is a 3D component manufacturer and has already produced over 1 million parts for applications, such as medical devices, deodorant packaging, and dishwasher components. As per the company, its TrueShape 3D printing technology has improved leas times and achieved cost reductions by around 65% during production.

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3D printing technology also known as Additive Manufacturing (AM) is used to produce patient-suitable dental products, such as partial dentures, crowns, and bridges in the dental industry. Most of the time, the traditional method of manufacturing is not suitable for low-volume manufacturing as the equipment varies in size, which is now addressed by AM technology, and this is expected to drive the market growth in the U.S.

Manufacturers generally adopt AM to produce scalpel handles, clamps, forceps, hemostats, and prosthetic limbs. Several companies are adopting AM processes for healthcare applications. For instance, 3D Systems Healthcare is expected to collaborate with the medical industry to drive the growth of additive manufacturing in the medical & dental industry.

The shift from rapid prototyping to production using 3D printing is projected to offer new opportunities for market players. As per the recent survey of 3D hubs, over 50% of companies revealed the use of 3D printing for the manufacturing of functional end-use parts. Industries, such as automotive, transportation, and biotechnology, have witnessed increasing usage of 3D printing in the recent past.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Industrial Insulation Market - The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of  5.0%. Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period.

Investment Casting Market - The global investment casting market size was valued at USD 15.83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. An increase in air passenger traffic is projected to assist in the production of new commercial aircraft creating a positive impact on the demand for investment cast products.

3D Printing Metal Market Segmentation

Grand View Research has segmented the global 3D printing metal market on the basis of form, product, application, and region:

3D Printing Metal Form Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Powder
• Filament

3D Printing Metal Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Titanium
• Nickel
• Stainless Steel
• Aluminum
• Others

3D Printing Metal Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Aerospace & Defense
• Automotive
• Medical & Dental
• Others

3D Printing Metal Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
• Europe
• Asia Pacic
• Central & South America
• Middle East & Africa

Market Share Insights

November 2016 - GE (NYSE: GE) has agreed to purchase controlling shares of Arcam AB of Sweden following the conclusion of the extended public tender offer which ended on November 10. Arcam shares tendered during the extended acceptance period – combined with Arcam shares acquired by GE – correspond to approximately 73.57% of the total outstanding shares for GE.

December 2021 - Sandvik has acquired US-based Dimensional Control Systems (DCS) – a leading global provider of dimensional quality management software and on-site engineering services. DCS’s offering will complement and enhance Sandvik’s existing portfolio within metrology. The company will be reported in the Industrial Metrology division, within business area Sandvik Manufacturing and Machining Solutions.

Key Companies profiled:

Some prominent players in the global 3D Printing Metal market include

• Arcam AB
• ExOne GmbH
• Carpenter Technology Corporation
• Renishaw PLC
• Materialise NV
• 3D Systems Corporation
• Voxeljet AG
• Sandvik AB
• Hoganas AB
• GKN PLC

Order a free sample PDF of the 3D Printing Metal Market Intelligence Study, published by Grand View Research.

Intelligent Transportation System Market Trends, Opportunity And Forecast 2021 - 2028.

The global intelligent transportation system market size was valued at USD 25,378.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The growing demand for traffic control solutions, the rising demand for smart vehicles integrated with the latest telecommunications technology, and the improved safety and surveillance offered by modern cameras and License Plate Recognitions (LPRs) are expected to drive the growth of the market. The growing number of vehicles on road, aging infrastructure, and a looming lack of traffic data management are some of the other factors that are anticipated to contribute to the growth of the market. The eminent need to efficiently manage the traffic flow across city corridors and highways has triggered the need for an alternative traffic management technology. As such, transportation authorities are looking forward to utilizing innovative and advanced data analytics technologies to address the issue of growing traffic.

However, the outbreak of the COVID-19 pandemic has taken a severe toll on new intelligent transportation system (ITS) sales and installations. Several major system manufacturers have suspended their operations temporarily due to disruptions in the supply chain and the shortage of components. Nevertheless, the existing ITS solutions installed across the globe are being used aggressively. Although the efforts undertaken by both private and public entities have been successful by varying measures, the implementation of smart technologies has demonstrated the role of technology in shaping the future.

Gather more insights about the market drivers, restrains and growth of the Global Intelligent Transportation System market

The lockdowns, border closures, and other restrictions imposed by various governments in different parts of the world as part of the efforts to arrest the spread of coronavirus have taken a severe toll on supply chains. Manufacturing and assembling units have also been closed temporarily. On the other hand, the ongoing transportation projects are getting delayed owing to the shortage of manpower. At this juncture, the ITS ecosystem, which relies significantly on electronics and telecommunications, is projected to witness a potential slowdown, particularly due to supply chain disruptions; and a downturn in the deployment of smart transportation systems seems inevitable in the short term.

A typical ITS leverages a set of sensors, video surveillance devices, navigation systems, and vehicle probes to collect real-time data, which is then analyzed and communicated to the user via the internet, mobile telephony, or dynamic signboards. As such, ITS can be equally used for rail, road, water, and air transport. Advances in sensing and telecommunications technologies are particularly expected to encourage the adoption of ITS over the forecast period. On the other hand, the growing preference for implementing an ITS is emerging as one of the key factors prompting the digitization of various attributes of the transportation infrastructure ecosystem.

The deployment of ITS to reduce road accidents and enhance road safety is a major factor driving the growth of the intelligent transportation system market. The demand for Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) communication to enhance road safety is expected to gain traction over the next few years. Continued developments in the transportation industry have triggered the need for an efficient transportation system that can potentially improve road networks. At the same time, advances in technologies, such as blind-spot detection and electronic toll collection, have redefined the expectations and prospects of sustainable transportation and traffic management.

The increasing number of vehicles on the road and the subsequent frequent traffic congestions are also necessitating the deployment of advanced traffic management systems. These systems can potentially help in reducing the travel duration while ensuring efficient traffic management. Advanced traffic management systems can also enable authorities and public safety agencies to respond to accidents and emergencies rapidly and efficiently.

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

Bicycle Market - The global bicycle market size was valued at USD 59.33 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2030. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel market growth.

Agricultural Tractors Market - The global agricultural tractors market demand was valued at 2,765.3 thousand units in 2021 and is anticipated to expand at a compound annual growth rate(CAGR) of 6.8% from 2022 to 2030. The imposition of The U.K. Agriculture Act 2020 and the Canadian Agricultural Loans Act (CALA) are likely to favor the product demand over the forecast period. Such initiatives are expected to fuel the market growth over the forecast period.

Intelligent Transportation System Market Segmentation

Grand View Research has segmented the global intelligent transportation system market based on type, application, and region:

Intelligent Transportation System Type Outlook (Revenue, USD Million, 2018 - 2028)

• Advanced Traveler Information System (ATIS)
• Advanced Traffic Management System (ATMS)
• Advanced Transportation Pricing System (ATPS)
• Advanced Public Transportation System (APTS)
• Emergency Medical System (EMS)

Intelligent Transportation System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Traffic Management
• Road Safety and Security
• Freight Management
• Public Transport
• Environment Protection
• Automotive Telematics
• Parking Management
• Road Tolling Systems

Intelligent Transportation System Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America

o   U.S.

o   Canada

o   Mexico

• Europe

o   Germany

o   U.K.

o   France

• Asia Pacific

o   China

o   India

o   Japan

o   South Korea

• South America

o   Brazil

o   Argentina

• MEA

o   UAE

o   KSA

Market Share Insights

October 2020 - Hitachi, Ltd. introduced a heavy-duty automated parking brake (APB HD) specifically designed for vans, SUVs, pickup trucks, and light commercial vehicles. The new system facilitates APB safety and system management and allows extending the use of this technology to a broader extent.

January 2021 - DENSO CORPORATION partnered with Aeva, a developer of LiDAR and perception systems for autonomous vehicles, to develop sensing and perception systems. The partnership envisages the two companies developing Frequency Modulated Continuous Wave (FMCW) LiDAR that can potentially help in measuring the velocity and reflectivity of vehicles.

Key Companies profiled:

Some prominent players in the global Intelligent Transportation System market include

• Addco
• Agero, Inc.
• DENSO CORPORATION
• EFKON GmbH
• Hitachi, Ltd.
• Garmin Ltd.
• Thales Group
• Xerox Corporation
• Recardo
• Sensys Networks, Inc.
• Telenav, Inc.
• Iteris, Inc.
• Kapsch TrafficCom
• Lanner
• Nuance Communications, Inc.
• Q-Free ASA
• Siemens AG
• TomTom International BV
• TransCore

Order a free sample PDF of the Intelligent Transportation System Market Intelligence Study, published by Grand View Research.

What is the Impact of the Novel Coronavirus on the Cleanroom Technology Market?

The global cleanroom technology market size was valued at USD 4.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The increase in the demand for quality products compliant with regulatory standards coupled with the technological and economic benefits of these technologies is helping companies achieve superior ranking. Moreover, benefits such as customized solutions, reduction in time and cost, and improvement of the product flow between cleanrooms are among key factors boosting the demand. Technological advancements associated with these technologies, from HEPA technology to the unidirectional airflow system, to the commercialization of these technologies to modular cleanroom technology, are other factors expected to boost the market for cleanroom technology over the forecast period.

The ongoing COVID-19 pandemic has positively influenced the market owing to the growing need to maintain a contamination-free environment while sample collection and testing of COVID-19 suspected cases. Rising research and development activities to develop vaccines against COVID-19 have driven pharma and biopharmaceutical companies to invest significantly in the market in order to maintain a contamination-free environment. Moreover, the significant investments in generic drug development owing to the expected expiration of 20-year patents for a number of branded drugs in the coming years is further expected to increase the demand for these products including equipment and consumables to eliminate contamination during the production procedures.

Gather more insights about the market drivers, restrains and growth of the Global Cleanroom Technology market

Additionally, an increase in the number of hospitals and Ambulatory Surgery Centers (ASCs), owing to various benefits offered by them, is further increasing the demand to maintain an antimicrobial environment by minimizing the level of airborne particulates in these facilities. Government initiatives undertaken to increase the production of protective masks during the COVID-19 pandemic are further aiding the growth of the market for cleanroom technology. For instance, in April 2020, KOLMI-HOPEN (part of Medicom Group) in collaboration with the Government of France initiated the production of masks in a 14,300 square meters production site, which is equipped with an ISO 8 classified cleanroom of more than 1,000 square meters. Thus, increasing demand for these consumables and equipment, especially protective masks, due to the COVID-19 pandemic worldwide is expected to drive the market for cleanroom technology.

Moreover, the COVID-19 pandemic has significantly impacted the designing and manufacturing of medical devices, equipment, and consumables. During the pandemic, various medical device manufacturers have increased their production to meet ever-increasing customer demand. Since they are an integral part of the production process in the medical sector, thus the demand for these products is expected to witness growth during pandemic times.

Furthermore, the growing need for personal protective equipment (PPE) to be used during the vaccination campaigns has led to an increase in short-term contracts with providers to ensure an uninterrupted supply of cleanroom consumables and equipment during the COVID-19 scenario. The majority of the manufacturers have increased their production capacity in order to meet the increasing demand.

Browse through Grand View Research's Medical Devices Industry Research Reports.

Australia Facial Injectables Market - The Australia facial injectables market size was valued at USD 1.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 26.3% from 2021 to 2028. Increasing awareness about aesthetic procedures among consumers and the growing geriatric population are factors anticipated to drive the market.

Viscosupplementation Market - The global viscosupplementation market size was valued at USD 3.76 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.37% from 2021 to 2028. The reimbursement scenario is likely to become favorable globally making treatment for osteoarthritis affordable.

Cleanroom Technology Market Segmentation

Grand View Research, Inc. has segmented the global cleanroom technology market on the basis of product, end use, and region:

Cleanroom Technology Product Outlook (Revenue, USD Million, 2016 - 2028)

• Equipment

o   Heating Ventilation and Air Conditioning System (HVAC)

o   Cleanroom air filters

o   Air shower and diffuser

o   Laminar air flow unit

o   Others

• Consumables

o   Gloves

o   Wipes

o   Disinfectants

o   Apparels

o   Cleaning Products

Cleanroom Technology End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical industry
• Medical device industry
• Biotechnology industry
• Hospitals and diagnostic centers 

Cleanroom Technology Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America

o   U.S.

o   Canada

• Europe

o   U.K.

o   Germany

o   France

o   Spain

o   Italy

o   Russia

• Asia Pacific

o   Japan

o   China

o   India

o   Australia

o   South Korea

• Latin America

o   Brazil

o   Mexico

o   Argentina

• Middle East & Africa

o   South Africa

o   Saudi Arabia

o   UAE

Market Share Insights

May 2020 - DuPont today announced a $100,000 donation to support the Midland community in its relief and recovery efforts associated with the recent historic flooding. The donation will be split evenly between the Midland Flood Relief Fund and Rise Together Fund.

July 2021 - Asheville Buncombe Community Christian Ministry (ABCCM) and A-B Tech have created an educational partnership to offer short-term credentialing programs for some of the most economically vulnerable people in our county. The programs are open to all residents at Transformation Village.

Key Companies profiled:

Some prominent players in the global Cleanroom Technology market include

• Clean Air Products
• Kimberley-Clark
• DuPont
• Terra Universal
• Labconco
• Clean Room Depot
• Integrated Cleanroom Technologies Private Limited
• Abtech
• M+W Group

Order a free sample PDF of the Cleanroom Technology Market Intelligence Study, published by Grand View Research. 

What are the key end-use segments in the global Remote Patient Monitoring System industry?

The global remote patient monitoring system market size was valued at USD 1,282.0 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.2% from 2022 to 2030. The outbreak of COVID-19 has caused a significant impact on the remote patient monitoring system. The remote monitoring systems serve with improved chronic disease management including early warning signs and progress tracker thus boosting its demand in the coming years at a global level. Chronic conditions account for 90% of the healthcare costs in the U.S. annually. This can be prevented by timely assistance provided to patients using a remote monitoring system.

It can delay emergency room visits and hospitalizations as the telemedicine app help in digitizing and automating critical tasks, which reduces hospital administrative tasks thus expanding usage of remote monitoring systems in the coming years. The COVID-19 pandemic has led to a shortage of space in hospitals. Apart from this, patients, especially those suffering from chronic diseases, are also advised to avoid physical visits to hospitals owing to the threat of getting infected. This led to the development of the market for remote patient monitoring system. A large number of investments are made by firms by collaborating, acquiring, and partnering with new emerging startups.

Gather more insights about the market drivers, restrains and growth of the Global Remote Patient Monitoring System market

The personalized telemedicine app provides a communication platform for remote and real-time monitoring of patients that acts as a bridge between caregiver and patient. This step-change, borne out of necessity, has changed the entire look of the market for remote patient monitoring system post-COVID-19 as well. This change has sped up recovery rates as consumers are more willing to join the app. It has also increased the provider's willingness to use the app, and it offers greater access and reimbursements. According to the Centers for Disease Control and Prevention (CDC), over 100 million people have hypertension in the U.S. Hypertension further increases the risk of heart disease.

The American Heart Association (AHA) also supports initiatives that increase access to the use of Remote Patient Monitoring technologies (RPM) for better health management. Efforts from device manufacturers to develop advanced products are expected to further propel the growth. For instance, in July 2021, Philips and BioIntelliSense formed a strategic collaboration to enhance remote patient monitoring solutions. Philips integrated the latter’s BioSticker device into its remote patient monitoring (RPM) portfolio. It is a wearable device that monitors chronic conditions and keeps a track of COVID-19 symptoms as well.

Browse through Grand View Research's Medical Devices Industry Research Reports.

Mastopexy Market - The global mastopexy market size was valued at USD 1.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The market growth can be attributed to the growing demand for improved aesthetic appearance among women. The key market players have introduced high-tech devices for better surgeries and ultimate customer satisfaction.

U.S. Durable Medical Equipment Market - The U.S. durable medical equipment market size was valued at USD 56.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The COVID-19 pandemic has affected the supply chain of durable medical equipment (DME). The demographic shifts underlie the projected growth in the U.S. healthcare expenditure from USD 3.5 trillion in 2017 to USD 6.2 trillion in 2028 and account for 20% of the GDP.

Remote Patient Monitoring System Market Segmentation

Grand View Research has segmented the global remote patient monitoring system market on the basis of product, application, end use, and region:

Remote Patient Monitoring System Product Outlook (Revenue, USD Million, 2017 - 2030)

• Vital Sign Monitors

o   Blood Pressure Monitors

o   Pulse Oximeters

o   Heart Rate Monitor (ECG)

o   Temperature Monitor

o   Respiratory Rate Monitor

o   Brain Monitoring (EEG)

• Special Monitors

o   Anesthesia Monitors

o   Blood Glucose Monitors

o   Cardiac Rhythm Monitor

o   Respiratory Monitor

o   Fetal Heart Monitors

o   Prothrombin Monitors

o   Multi Parameter Monitors (MPM)

o   Others

Remote Patient Monitoring System Application Outlook (Revenue, USD Million, 2017 - 2030)

• Cancer
• Cardiovascular Diseases
• Diabetes
• Sleep Disorder
• Weight management and Fitness Monitoring
• Bronchitis
• Infections
• Virus
• Dehydration
• Hypertension

Remote Patient Monitoring System End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital Based Patients
• Ambulatory Patients
• Home Healthcare

Remote Patient Monitoring System Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o   U.S.

o   Canada

• Europe

o   Germany

o   U.K.

o   France

o   Italy

o   Spain

• Asia Pacific

o   China

o   Japan

o   India

o   Thailand

o   South Korea

• Latin America

o   Mexico

o   Brazil

o   Argentina

o   Colombia

• MEA

o   South Africa

o   Saudi Arabia

o   UAE 

Market Share Insights

February 2021 - Philips acquired BioTelemetry, Inc. This acquisition is expected to aid Philips to increase its patient monitoring portfolio by adding BioTelemetry’s cardiac diagnostics and monitoring devices. Expanding manufacturing operations to countries with high population and disease burdens is also a strategy currently undertaken by players.

June 2020 - Mindray announced the expansion of its new R&D facility in China. This facility will become a distinctive R&D, manufacturing, and operation center of medical equipment systems.    

Key Companies profiled:

Some prominent players in the global Remote Patient Monitoring System market include

• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• NIHON KOHDEN CORPORATION
• Omron Corporation
• OSI Systems, Inc.
• Koninklijke Philips N.V.
• F. Hoffmann-La Roche Ltd
• Welch Allyn
• Smiths Medical
• Abbott
• Boston Scientific Corporation
• Dräger Medical
• GE Healthcare
• Honeywell
• Johnson & Johnson
• LifeWatch
• Medtronic
• Masimo
• Vitls, Inc
• CareValidate
• Biotronik
• American Telecare

Order a free sample PDF of the Remote Patient Monitoring System Market Intelligence Study, published by Grand View Research.

What are the Non-invasive Aesthetic Treatment key market trends?

The global non-invasive aesthetic treatment market size was valued at USD 53.8 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 15.2% from 2022 to 2030. The growing focus on physical appearance among adults has led to an increased demand for non-invasive aesthetic treatments in recent years. Another key revenue-generating population to watch out for is the ones aged 50 years and above. Women, in particular, in this age group are opting for fillers and injectables including the popular Botox. According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2018, around 3.8 million minimally invasive cosmetic surgeries were carried out in the U.S. within the age group of 55 years and above. This highlights high growth prospects that lie ahead for the market in the country.

According to the International Society of Aesthetic Plastic Surgery (ISAPS), the U.S. was ranked first, in terms of non-surgical procedures performed at a global level. The country is backed by the availability of advanced treatment options and has the highest number of surgeons at a global level, with over 7,000 plastic surgeons, as per 2019 estimates. The growing consciousness about fitness and overall appearance has increased the demand for non-invasive aesthetic treatments in developing countries. In countries, such as India, these treatments are gaining consumer interest.

Gather more insights about the market drivers, restrains and growth of the Global Non-invasive Aesthetic Treatment market

The country ranks among the top 5, in terms of surgical procedures performed. Thus, developing countries are expected to be key revenue pockets for the market in the years to come. The COVID-19 pandemic has significantly affected the overall market. The cosmetics industry relies on close physical contact with their clients, leaving it negatively affected. Practitioners have also raised concerns over the downturn in patient interest owing to a sharp cut in income. The market is expected to witness a phase of short-term negative growth. Companies are expected to address this by offering maximum support to their customers.

For instance, leading player, Allergan, has assured support for its r BOTOX® operations and patient assistance. The company’s team is reachable through email communication and video conference. Recently, amidst the pandemic, remote working has increased the time spent on Zoom calls. Adults are paying attention to their physical appearance closely. This has increased the demand for cosmetic surgeries, with Botox being one of the most popular procedures preferred. Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at home.

Browse through Grand View Research's Medical Devices Industry Research Reports.

Pediatric Clinical Trials Market - The global pediatric clinical trials market size was valued at USD 14.5 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.1% during the forecast period. The global market has noticed critical growth on account of the rising R&D investments by pharmaceutical companies owing to the high burden of chronic and infectious diseases among the pediatrics.

Europe Mobility Aids Market - The Europe mobility aids market size was valued at USD 2.8 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030. This growth can be attributed to the increasing geriatric population requiring Long-term Care (LTC), the growing availability of technologically advanced products, and the rising demand for home healthcare services & staff.

Non-invasive Aesthetic Treatment Market Segmentation

Grand View Research has segmented the global non-invasive aesthetic treatment market on the basis of procedure, end use, and region:

Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2017 - 2030)

• Injectables

o   Botulinum Toxin

o   Calcium Hydroxylapatite

o   Hyaluronic Acid

o   Polymer Filler

o   Collagen

• Skin Rejuvenation

o   Chemical Peel

o   Laser Skin Resurfacing

o   Photorejuvenation

• Others

o   Hair Removal

o   Nonsurgical Fat Reduction

o   Sclerotherapy

o   Cellulite Treatment

Non-invasive Aesthetic Treatment End-use Outlook (Revenuem, USD Million, 2017 - 2030)

• Hospital/Surgery Center
• MedSpa
• Traditional Spa
• HCP-owned Clinic

Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o   U.S.

o   Canada

• Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

• Asia Pacific

o   Japan

o   China

o   India

o   Thailand

o   South Korea

• Latin America

o   Brazil

o   Mexico

o   Argentina

o   Colombia

• Middle East & Africa

o   South Africa

o   Saudi Arabia

o   UAE

 Market Share Insights

February 2021 - Sihuan Pharmaceutical Holdings Group Ltd. announced that Letybo 50U, a type of botulinum toxin for Injection, exclusively distributed by the company and produced by Hugel, Inc., has been officially approved for launch in the market by the National Medical Products Administration of the People’s Republic of China.

May 2021 -  Revance Therapeutics, Inc. announced that the U.S. Food and Drug Administration (FDA) plans to initiate its pre-approval inspection of the company’s manufacturing facility for DaxibotulinumtoxinA for Injection by the end of June 2021.  

Key Companies profiled:

Some prominent players in the global Non-invasive Aesthetic Treatment market include

• Hologic, Inc.
• Allergan, Inc.
• Galderma S.A.
• Alma Lasers
• Syneron Candela
• Johnson & Johnson
• MerzPharma
• Lumenis
• Solta Medical
• Cutera Inc.
• Revance Therapeutics Inc.

Order a free sample PDF of the Non-invasive Aesthetic Treatment Market Intelligence Study, published by Grand View Research.