Rising concerns pertaining to health among people and their efforts to stay fit are enhancing the adoption rate of pulse oximeters. This, in turn, is likely to boost growth of global pulse oximeters market. The device enables the users to effectively diagnose various health conditions, and track the health status for caregivers in the comforts of home.
The growing popularity of targeted therapies, favorable reimbursement, and technological advancements in wearable injectors are expected to drive the growth of the wearable injectors market. Additionally, an increase in the incidence of cancer and diabetes, and the adoption of advanced technological products are boosting market growth.
Neurovascular devices (such as embolic coils, neurothrombectomy devices, balloon occlusion devices, clot retrievers, flow diversion devices & others) support in the treatment of numerous neurovascular disorders such as cerebral aneurysms, cerebral artery stenosis, intracranial atherosclerotic disease and stroke.
Global Bone Growth Stimulator Market held a market value of $1,213 million in 2017 and is projected to grow at a CAGR of 5.86% over the forecast period. Bone Growth Stimulators are devices that are used to boost the healing process during the treatment of ailments such as spinal fixation, orthopedic fixation, bone fractures and many others.
Rising prevalence of cardiovascular diseases and the increasing number of unmet medical needs in undeveloped countries are leading to the growth of the cardiac monitoring and cardiac rhythm management device market.
According to the latest market report published by Credence Research, Inc., the global retractable needle safety syringes market was valued at $1,345 Mn in 2016, and is expected to reach $2,345.7 Mn by 2025, expanding at a CAGR of 6.1% from 2017 to 2025.
Patient telemonitoring system is a wireless system that monitors remote patients outside of the standard clinical settings. It helps the doctors to monitor parameters such as ECG, blood pressure in real time by using sensors. Due to the healthcare facilities provided at home, early detection of any chronic disease reduces number of emergencies during hospitalization and hospital visits. Routine tests and test results to a doctor are done using mobile medical device in real time without any necessity of visiting health care center. This helps chronically ill people to spend more time at home with their families than at hospitals. Hence, counseling of sick people can be done online without waiting for the appointment date.