Medical Devices

Analyst Insights - Medical Devices

The Growth of the Eyewear Market
January, 2023

The Eyewear Market refers to the global market for eyeglasses, contact lenses, and other vision-related products and services. This market is diverse and includes a range of products and services, including prescription eyeglasses, sunglasses, contact lenses, and vision care products. The Eyewear Market report by Global Insight Services gives an in depth analysis on all of the different aspects related to this business.

The Eyewear Market is expected to grow significantly in the coming years, due to a number of factors. One major factor driving market growth is the increasing prevalence of vision problems, such as myopia (nearsightedness) and presbyopia (age-related farsightedness). These conditions are becoming more common due to a variety of factors, including the increasing use of digital devices and the aging of the population. Another factor contributing to market growth is the increasing adoption of fashion and style as key drivers of eyewear purchases. Eyeglasses and sunglasses are increasingly being viewed as fashion accessories, and companies are offering a wider range of styles and designs to meet this demand. This market is restricted by the lack of infrastructure for high quality frames and accessories in developing countries like India and Brazil. Feel free to inquire for more details about any of the information in the article, or for any other questions related to the Eyewear Market.

There are several key players in the Eyewear industry, including Luxottica, Essilor International, and Johnson & Johnson. These companies offer a range of eyewear products and services, including eyeglasses, sunglasses, and contact lenses, as well as vision care products and services. The report gives an overview of these companies along with detailed market positions. The analysis is also divided into segments by product type, mode of sale and end user. Regional data is also given for each of these segments. We are available for requests for a more detailed report about one specific region or aspect of the Eyewear Market. 

Overall, the Eyewear Market is expected to experience strong growth in the coming years, driven by the increasing prevalence of vision problems and the growing importance of fashion and style in eyewear purchases. This growth is likely to create new opportunities for companies operating in this space, as well as for end users. Our Eyewear Market report covers the different aspects of this market in detail with analysis as accurate as one could get.

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Sleep Apnea Market Insights
January, 2023

Sleep Apnea is a common disorder that affects the way a person breathes during sleep. It is characterized by repeated episodes of shallow or interrupted breathing, which can lead to a number of serious health problems, including high blood pressure, heart disease, and stroke. Sleep Apnea is estimated to affect more than 20 million people in the United States alone. The Sleep Apnea Market report by Global Insight Services gives an in depth analysis on all of the different aspects related to this business.

One major trend in the Sleep Apnea market is the development of more advanced technologies, such as CPAP machines with improved comfort and compliance features, as well as new diagnostic and monitoring tools. This trend is likely to continue in the coming years, as companies seek to differentiate themselves and offer more value to customers. Other drivers of this market are the increasing number of sleep clinics globally, increase in cardiovascular illness and poor sleep habits, and most importantly the massive pool of undiagnosed patients with Sleep Apnea. According to the analysis by Global insight Services, this market is expected to reach $ 13.8 billion by 2031, a CAGR of 6.3% from the 2021 valuation. Feel free to request for more details about any of the information in the article, or for any questions related to the Sleep Apnea Market.

One of the most common treatments for Sleep Apnea is continuous positive airway pressure (CPAP) therapy, which involves the use of a machine that delivers pressurized air through a mask or nasal tubes to help keep the airways open during sleep. This is a challenge for the Sleep Apnea Market as this method hasn’t been liked by patients. Other restraints include the lack of adherence to Sleep Apnea treatments and the lack of infrastructure in developing countries.

There are several key players in the Sleep Apnea industry, including Philips Respironics, ResMed, and Fisher & Paykel. These companies offer a range of products and services for the treatment of Sleep Apnea, including CPAP machines, masks, and other accessories, as well as training and support. The market report has in depth analysis of all of these companies with their market shares, strengths and other key facts. There is also further segmentation by type and end user. Regional segmentation for every other segmentation is also available. We are available for a more detailed report about one specific region or aspect of the Sleep Apnea Market.

Overall, the Sleep Apnea Market is expected to experience strong growth in the coming years, driven by the increasing prevalence of Sleep Apnea and the availability of more advanced treatments and technologies. This growth is likely to create new opportunities for companies operating in this space, as well as for healthcare providers and patients. Our Sleep Apnea Market report covers the different aspects of this market in detail with analysis as accurate as one could get.

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3D Printing Medical Devices Market Insights
January, 2023

3D printing, also known as additive manufacturing, is a process of creating three-dimensional objects by building them layer by layer from a digital model. In the medical field, 3D printing has the potential to revolutionize the way that medical devices are designed, manufactured, and used. The 3D Printing Medical Devices Market report by Global Insight Services gives an in depth analysis on all of the different aspects related to this business.

The global market for 3D Printing in Medical Devices is expected to grow significantly in the coming years, driven by a number of factors. One major factor is the increasing adoption of 3D printing technologies by medical professionals and researchers. 3D printing offers a number of benefits over traditional manufacturing methods, including the ability to create complex and customized structures, faster turnaround times, and lower costs. 3D printing allows for the creation of customized devices that are tailored to the specific needs of individuals. This can be especially useful in the medical field for people with rare or complex conditions, who may not be able to use standard, off-the-shelf devices. The challenge that this technology faces is the lack of skilled workers. There has been a rapid evolution of 3D printing technology with a limited number of people who can work those devices. There is also a lack of training programs for those devices. This ends up in a lack of final quality of product. Regardless, Global Insight Services expects this industry to rise to a market value of $ 7.2 billion by 2031, rising at a CAGR of 18.8% from the estimated value of $ 1.6 billion in 2021. Feel free to inquire for more details about any of the information in the article, or for any questions related to the 3D Printing Medical Devices Market.

There are several key players in the 3D Printing Medical Devices Market, including Stratasys, Materialise, and SLM Solutions. These companies offer a range of 3D printing technologies, materials, and services to the medical sector. The market report contains key details about all of these companies along with segmentation based on a variety of factors. The component section includes printing equipment, materials and services, and software, The materials section is further divided into plastics, metal and metal alloy plastics, biomaterials, and others. The technology section is divided into the technologies used in different devices like laser beam melting and 3 dimensional adhesion bonding. Just like technology, the medical products section is split into things like surgical guides. In addition to this detailed segmentation, each segmentation also contains division by region. We are available for requests for a more detailed report about one specific region or aspect of the 3D Printing Medical Devices Market.

Overall, the Market for 3D Printing in Medical Devices is expected to experience strong growth in the coming years, driven by increasing adoption of 3D printing technologies and the growing demand for personalized and customized medical devices. This growth is likely to create new opportunities for companies operating in this space, as well as for healthcare providers and patients. Our 3D Printing Medical Devices Market report covers the different aspects of this market in detail with analysis as accurate as one could get.

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Surgical Robots Market Trends and Restraints
January, 2023

Surgical Robots are computer-assisted medical devices that are used to perform a variety of surgical procedures. These robots are designed to enhance the precision and accuracy of surgical procedures, while also reducing the risk of complications and improving patient outcomes. The Surgical Robots Market report by Global Insight Services gives an in depth analysis on all of the different aspects related to this business.

The global market for Surgical Robots is expected to grow significantly in the coming years, due to a number of factors. One major factor driving market growth is the increasing adoption of minimally invasive surgical procedures, which require the use of specialized instruments and equipment. Surgical Robots are well-suited to perform these procedures, as they can reach small or hard-to-reach areas of the body with greater precision and accuracy than traditional instruments. Global Insight Services expects the market to grow to a value of USD 15.2 billion by 2031 at a CAGR of 10.1%, rising from a value of USD 5.6 billion in 2021. The only thing that challenges this market is the high cost of Surgical devices but that too is expected to fall with technological innovation. Feel free to inquire for more details about any of the information in the article, or anything else related to the Surgical Robots Market.

One major trend in the surgical robots market is the development of more advanced technologies, such as robots with improved dexterity and flexibility, as well as those that can perform a wider range of procedures. This trend is likely to continue in the coming years, as companies seek to differentiate themselves and offer more value to customers.

There are several key players in the surgical robots market, including Intuitive Surgical, Inc., Mazor Robotics, and TransEnterix, Inc. These companies offer a range of surgical robots and related products and services, including training, support, and maintenance. The report by Global Insight Services covers both the drivers and restraints of this industry. The analysis is segmented into division of the market by component (Robot Systems, Instruments and Accessories), end-use (Ambulatory Surgical Centers, Hospitals), application (different types of surgery) and region. There are graphs and deeper analysis for each division with graphs that explain market share and potential growth of that particular segment. We are available for requests for a more detailed report about one specific region or aspect of the Surgical Robots Market.

Overall, the Surgical Robots Market is expected to experience strong growth in the coming years, driven by increasing adoption of minimally invasive surgical procedures, the growing prevalence of chronic diseases, and the availability of more affordable and accessible technologies. This growth is likely to create new opportunities for companies operating in this space, as well as for healthcare providers and patients. Our Surgical Robots Market report covers the different aspects of this market in detail with analysis as accurate as one could get.

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Top 10 Companies in Fitness Tracker Market
September, 2022

Fitness trackers are devices or apps that count your steps, track your heart rate and estimate how many calories you’ve burned throughout the day. Some also track your sleep, and many come equipped with GPS to map out your runs or walks. You can wear them on your wrist, hip, or even in your pocket.

Apple, Inc.

Apple Inc. is an American multinational technology company that specializes in consumer electronics, software, and online services headquartered in the United States. The Activity app on your Apple Watch keeps track of your movement throughout the day and encourages you to meet your fitness goals. The app tracks how often you stand, how much you move, and how many minutes of exercise you do. Three rings in different colors summarize your progress. One of the Apple Watch’s greatest strengths is its ability to motivate you to move. It offers gamified physical fitness with its Activity Rings that monitor how much exercise you’re partaking in each day, how many calories you burn, and how often you stand up throughout the day.

Fitbit, Inc.

Fitbit is an American consumer electronics and fitness company. It produces wireless-enabled wearable technology, physical fitness monitors, and activity trackers such as smart watches, pedometers, and monitors for heart rate, quality of sleep, and stairs climbed as well as related software. With 24/7 heart rate, you can track calorie burn more accurately, and see real-time heart rate zones. Record your steps, active minutes, distance and calories burned. Plus, both trackers automatically recognize select workouts so you don’t have to manually log your exercises. Fitbit tracks every part of your day-including how active you are, your calorie intake, calories burned while working out and the quality of your sleep. Equipped with industry-leading battery life and the lightest GPS+ and heart rate in the segment, Fitbit is here to stay and makes the world a fitter place to live.

Garmin Ltd.

Garmin Ltd. is a Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is incorporated in Schaffhausen, Switzerland. Garmin is the renowned leader in the aviation, marine, automotive, outdoor, and fitness markets. Built on a healthy product ecosystem, and combining awe-inspiring designs, impeccable quality, and superior reliability into excellent user experiences, Garmin strives to become the number one brand for all who enjoy their lives.

Beienda

Beienda was founded in 2013, professional Manufacturer of Wearable devices, smart wristband and smart watch. Beienda Technology’s innovative technologies and capabilities have helped many OEM/ODM partners to deliver fresh technology products to their markets. They are also proud to be a valued partner of our customers. They succeed because they are a fast, flexible and efficient manufacturing partner that our clients can rely on. Over the years, they have made substantial investments in design, development and manufacture. Our state-of-the-art facilities enable them to provide every manufacturing process — design, tooling, molding, assembly, production and distribution.

Ambiotex GmbH

Ambiotex is focused on the development of wearable technology solutions. It offers a shirt with embedded sensors that are able to record information such as ECG, breathing rhythm, movements, calories burned, stress level, and more. Ambiotex offers an application that is able to measure and analyze breathing patterns of its users; and TechUnit, a device that enables its users to collect biometric data by attaching it to their t-shirts. Ambiotex was founded by Thomas Claussen and Stephanie Renda in November 2013. It is based in Mainz, Germany. Ambiotex develops and produces a smart sensor shirt to measure, analyze and share body vitals data in order to improve health and performance. The high-tech shirt with embedded sensors records information and vital parameters such as pulse rate, breathing, heart-rate variability (HRV), calorie consumption and physical activity in real time. Working in collaboration with the Fraunhofer Institute.

Hexoskin

Founded in 2006 in Montreal, Hexoskin is a growing private company, leader in non-invasive sensors, software, data science & AI services. The company headquartered in the bustling Rosemont neighborhood, provides solutions and services directly to customers, developers, and researchers & professionals in pharmaceuticals, academic, healthcare, defense, first respodants space, and aerospace organizations. The Hexoskin Smart allows you to track your health and analyze your data longer with our newly improved smart shirts. The Hexoskin represent the best of the fitness trackers, heart monitor, continuous respiratory and sleep tracker with more precision.

Huawei Technologies

Huawei Technologies Co., Ltd. is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smart devices. Huawei has been making fitness trackers that offer excellent value for money for a few years, and the Watch Fit is the latest example. It takes some of the best features from its Watch GT 2 series and packs them into a device that looks and feels a bit like a squashed smartwatch.

Nurvv

NURVV is a London based startup with an ambitious goal of changing the way people view health and fitness through a new category of wearables. This huge challenge requires brave and talented people who just like many athletes they serve are pushing themselves to achieve their personal best. Merging biomechanics & technology, NURVV Run is a running wearable, designed to boost performance and reduce injury risk. This world first in technology gives runners access to information previously only available in a sports lab. NURVV Run insoles and coaching app accurately capture your running from the point of action, then analyzes your running using biomechanical principals to deliver actionable insights and in-run coaching, so you know how to improve your running technique.

Oura Health Ltd.

Ōura Health Oy is a Finnish health technology company, best known for the Oura Ring, a smart ring used to track sleep and physical activity. The company was founded in 2013 by Petteri Lahtela, Kari Kivelä, and Markku Koskela. With Workout HR, your Oura Ring becomes a full-featured, low-profile fitness tracker that doesn’t just count steps. It takes into account all your body’s signals to help you find the right balance between activity and recovery. The Oura Ring features an enhanced sensor package to help you more accurately track and optimize your health. The finger is the ideal source of accurate heart rate data, more sensitive to movement, and more accurate across all skin tones.

Withings

Withings (pronounced “WITH-things”) is a French consumer electronics company headquartered in Issy-les-Moulineaux, France. Withings is a developer of digital health and wellness smart devices. The company makes a range of products that empower people to make the right decisions for their health. Its digital health and wellness smart devices include a fitness watch that enables users to measure their heart rate. The Withings ScanWatch SmartWatch is a really cool watch with some really great features that help track your health and activity so you can live your best life. The build of the watch looks and feels like a quality premium watch. It is very minimalist, but gives you everything you need out of a watch.

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Top 10 Medical Drone Companies
July, 2022

Medical Drone Market

A medical drone is a type of drone that is specifically designed to transport medical supplies and equipment to and from healthcare facilities. Medical drones are equipped with GPS tracking systems and can be programmed to fly to specific locations. Once at the healthcare facility, the medical drone can land on a designated landing pad where it will be unloaded by staff.

 DJI

 SZ DJI Technology Co., Ltd. (DJI) which stands for Da-Jiang Innovations, is a Chinese technology company headquartered in Guangdong. DJI manufactures commercial unmanned aerial vehicles (drones) for aerial photography and videography. In addition, DJI Matrice 210 V2, is a drone with a custom-made delivery box that can be adjusted to carry medicine, blood samples, or cotton swabs for testing in infected areas.

DHL

DHL is a German logistics company providing courier, package delivery, and express mail service. It is a division of the German logistics firm Deutsche Post. The company delivers over 1.6 billion parcels per year. In 2014, DHL made history with the first drone medical delivery over the open sea, to the North Sea Island of Juist, Germany. In addition, DHL was the first parcel service to incorporate drones into the delivery chain, adding drone parcel service to two communities in the Bavarian Alps in 2016. The drone technology allowed for faster blood test processing on the mainland, while blood samples remained at controlled -temperatures in the drone compartment. Done transportation allowed for faster diagnosis and treatment, with test results communicated by computer.

Embention 

Embention is a high-tech company working in the unmanned aerial vehicle field. It was founded in 2007 by David Benavente, and is based in Alicante, Spain. The company develops components for drones and UAM, as well as autonomous systems for professional and military use. Besides, Defidrone project of the company aims to create a fast response network of autonomous VTOL systems surrounding main Switzerland regions, permitting them to quickly reach main inaccessible areas in the country. These drones carry a defibrillator for providing quick response capabilities in case someone suffers a heart attack, in zones where emergency teams are not able to actuate.

Flirtey

Flirtey Holdings Inc. is an American drone delivery service provider catering to humanitarian, medical, e-commerce, and food delivery industries. Its services are quicker and more efficient for a better customer experience. The company completed the first Federal Aviation Administration-approved drone delivery in the United States in 2015, the first FAA-approved urban delivery in March 2016, and the first FAA-approved commercial drone delivery to a customer’s home in July 2016.

Matternet

Matternet Inc. is a California-based on-demand autonomous drone delivery platform supplier that incorporates M2 drone stations as well as the cloud platform for medical distributions. It manages drone activities with an effortless cargo connection at the station to mechanize the interchange of loads as well as batteries. Matternet launched a beyond visual line of sight clinical drone delivery network at Labor Berlin, the first European urban BVLOS medical drone delivery network catering to millions of patients every year.

Vayu

Vayu Drone Technologies Private Limited was incorporated on 28th June 2020. It is classified as a non-government company and is registered at the Registrar of Companies, Hyderabad, India. Operating in Madagascar, Vayu Drones have now been successfully used to deliver stool and blood samples to the country’s central laboratory for testing. Although the drone looks like an airplane, it has the ability to take off vertically thus requiring no runway. It will then fly autonomously to its destination. The Vayu drone is an unmanned aerial vehicle used to transport patient test samples and vaccines between remote hard-to-reach areas and nearby hospitals.

Zipline

Zipline Inc. is a California-based automated medical product delivery corporation. It designs, develops, and manufactures drones to deliver most of the crucial medical goods. The automated drone-based delivery network of the company supplies vaccines, clinical medications, and medical as well as pathological testers. In June 2021, Zipline collaborated with Pfizer Inc. to test and formulate an end-to-end distribution action plot of COVID-19 vaccines through Zipline’s automated supply networks globally.

EHang

Guangzhou EHang Intelligent Technology Co. Ltd. is a company based in China. It develops and manufactures autonomous aerial vehicles and passenger AAVs which have entered service in China for aerial cinematography, photography, emergency response, and survey missions. EHang has signed a contract with Lung Biotechnology PBC in the US to develop up to 1,000 units of its 184 drone, the world’s first autonomous drone capable of transporting a human. The purpose is to automate the transportation of donated organs to people all over the country in emergency situations.

TUDelft

Graduate student Alec Momont of TU Delft has designed an unmanned, autonomously navigating mini airplane that can quickly deliver a defibrillator to where it is needed. A network of such drones could significantly increase the chance of survival following a cardiac arrest: from 8% to 80%! Alec Momont of TU Delft’s Faculty of Industrial Design Engineering designed his prototype for an ambulance drone together with the Living Tomorrow innovation platform as part of his graduation program. When the emergency services receive a cardiac arrest call, this unmanned, autonomously navigating airplane can quickly deliver a defibrillator to the emergency scene. Via a live stream video and audio connection, the drone can also provide direct feedback to the emergency services and the persons on site can be instructed on how to treat the patient.

Skyfarer    

Skyfarer Ltd. is a U.K.-based Unmanned Aerial Vehicles (UAV) manufacturer for drone-based delivery. The company focuses on the transportation of vital pathological and medical payloads such as blood samples, vaccines, and pharmaceutical products enabling its customers’ timely delivery of essential medical products. Skyfarer, a drone logistics company, was leading the consortium including Altitude Angel for enhancement of the pathology network across the U.K. by speeding the patient response time and sample turnaround time through faster delivery of pathological samples and supply of other medical products.

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What is Digital Health?
April, 2022

Digital Health is the intersection between technology and healthcare. It is a rapidly dev eloping industry that includes categories such as mobile health apps, health information technology, wearable devices, telehealth and personalized medicine. Patients, doctors, nurses, scientists and researchers all use this technology today. This technology is vital to ensure people are treated in a fair, ethical and equal way along with transparency.

Digital Health technology records data from all activities, including ‘traditional’ health data such as blood pressure and heart rate along with real time information from different societal activities. This data is then classified according to factors such as age, area, disease, height, weight etc to develop correlations between situations and find cures to diseases. With the advent of Big Data and Artificial Intelligence, this information can be found with a large sample size and rapid discoveries of correlations. AI will be a big aid to medics as it can recommend people with what they need, when they should take their medicines and use safer treatment methods. Some of this technology is already seen now in mHealth mobile apps and wearables that can record heart rate and manage long term diseases. Hospitals use AI and medical devices to perform difficult, accurate tasks such as surgeries or dental treatments. While there is still the ethical question, and the patient’s approval over whether robots should be operating on them, it is a scientific fact that the AI based machines are more reliable than normal human doctors.

During the COVID pandemic, the use of online health care with remote patient monitoring tools and telehealth increased as people needed to stay far apart to avoid the spread of the virus. The amount of people interested in telehealth rocketed from 11% in 2019 to 76% in 2020. Along with this, Digitization of healthcare helped increase the speed with which billions of vaccines reached people on time. Governments across the world used their own apps to keep track of vaccination records, let people know where there was a COVID hotspot and other helpful features. While Digital Health massively helped people during the pandemic, it also exposed problems in healthcare facilities throughout the world that can now be addressed. The pandemic also increased the rate of development in this field as demand for these technologies increased.

While this technology is readily available in developed countries, getting this to middle and lower income nations is crucial. This technology has the ability to save millions of lives and for this reason, the World Health Organization has developed a plan to efficiently distribute Digital Health devices over the next five years with a global strategy that is understood by its member states. They aim to institutionalize Digital Health in the national health system of countries, promote the use of this technology in the right way and appropriately invest in Digital Health in poorer countries as things like poverty, education, digital divide, infrastructure and financial investment also need to be addressed. Along with this, it is vital that countries agree to the free passage of accurate health statistics. During the COVID pandemic, some countries reported lower cases to make the ruling party look better. With this technology, people are told the truth.

In conclusion, Digital Health has the ability to gather a vast amount of data, utilize that data to develop more accurate healthcare solutions and automatize human healthcare tasks. The further innovation in this field will be a gigantic leap for humanity as a whole as this technology is certain to save a number of lives.

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