Bone wax Market : Key Players, Growth, Analysis by 2019 – 2023

Market Highlights

Bone wax is a mechanical hemostat used in surgeries to stop bleeding. Bone wax does not involve any pharmacological action. It is basically a sterilized mixture of beeswax and it consists of isopropyl palmitate, which is a wax softening agent and is used to stop bleeding from the bone surface. It is used in surgical procedures like orthopedics, thoracic surgery, neurosurgery, dental, oral, traumatology, and jaw surgery. The rising number of surgical procedures is a major booster which drives the global bone wax market. Orthopedic surgeries are increasing due to the rising prevalence of orthopedic diseases, especially osteoporosis and accidental fractures. Also, the rising usage of absorbable bone wax products and the growing geriatric population is also fueling the market growth. According to the Population Reference Bureau in 2016, the number of Americans aged 65 and older is projected to reach 98 million by 2060. On the other hand, stringent government rules for the approval of bone wax and the availability of alternatives for bone wax may hinder the growth of the market during the forecast period.

The global bone wax market is currently dominated by many market players. The prominent market players are engaged in new product launches and strategic partnerships to strengthen its market position. For instance, in February 2016, Wound Management Technologies announced the US Food and Drug Administration (FDA) clearance for its product HemaQuell, which is a resorbable bone wax.

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Segmentation

The global bone wax market has been segmented into product, material, application, and end user.

The market, on the basis of product, has been segmented into absorbable bone wax and non-absorbable bone wax.

The market, by material, has been segmented into natural bone wax and synthetic bone wax.

The market, by applications, has been segmented into neurosurgery, orthopedic surgery, thoracic surgery, oral surgery, and others.

The market, by end-users, has been segmented into hospitals, specialty clinics, ambulatory surgical centers, and others.

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Global Immunosuppressive Drugs Market to cross USD 1.39 Billion by 2025 at CAGR of 4.63% During Forecast Period 2019-2023

 Market Analysis 

Immunosuppressants are medicines or drugs that lower the ability of the body to reject a transplanted organ. They are also known as anti-rejection drugs. 

Various factors are propelling the immunosuppressive drugs market growth. These factors, as per the new Market Research Future report, include the growing rate of autoimmune diseases, growing need for organ transplantation, increasing rates of organ failure, increasing use of tissue engineering in organ transplant, and burgeoning demand for organ replacement. 

On the flip side, stem cell therapy used as an alternative to organ transplantation, lack of awareness regarding immunosuppressive drugs, shortage of donors for organ transplant, high drug cost, and uncertainty of the action of these drugs on complex organ transplantations are factors that may deter the immunosuppressive drugs market growth over the forecast period. 

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Key Players 

Notable players profiled in the immunosuppressive drugs market report include Zydus Cadila (India), Actavis, Inc. (US), Pfizer Inc. (US), Novartis AG (Switzerland), Mylan Laboratories Inc. (US), Glenmark Pharmaceuticals, Inc (India), Bristol-Myers Squibb Company (US), GlaxoSmithKline PLC (UK), Genzyme Co. (US), F. Hoffmann-La Roche AG (Switzerland), Astellas Pharma (Japan), and Accord Healthcare (US).

Industry News

October 2019: Lupin has introduced Mycophenolate Mofetil Capsules USP, a generic version of Roche’s CellCept. These are antimetabolite immunosuppressant that is indicated for prophylaxis of organ rejections in liver transplant, kidney transplant, and allogenic kidney recipients and must be used together with other forms of immune suppressants.

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North America to Dominate Plastic Surgery and Integumentary System Procedures Market

Market Analysis 

The plastic surgery and integumentary system procedures market is predicted to grow at a healthy CAGR between 2016-2022, states the latest Market Research Future (MRFR) report. Plastic surgery, simply put, is a medical process to restore, correct, or alter skin on different parts of the body. It is generally performed as a cosmetic or reconstructive procedure. On the other hand, the integumentary system, simply put, is an organ framework that includes skin as well as its extremities, which protects the body against various forms of damages. It is mostly done for skin cancer, herpes, rabies, athlete’s foot, rubella, psoriasis, acne, rash, sunburn, and infection. 

Various factors are propelling the plastic surgery and integumentary system procedures market growth. These factors as stated by the latest Market Research Future report, include growing demand for procedures especially cryosurgery, chemobrasion, and laser therapy, the influence of social media, increasing media exposure, increasing rates of obese people, advancements in technology in surgeries, increasing demand for retaining beauty and youth, and increasing geriatric population. 

On the flip side, the soaring cost of these procedures may deter plastic surgery and integumentary system procedures market growth over the forecast period. 

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Market Segmentation 

The MRFR report offers a wide segmental analysis of the on the basis of plastic surgery and integumentary system procedures market based on end user, application, operating area, and procedure.

Based on the procedure, the plastic surgery and integumentary system procedures market is segmented into skin tests, culture and sensitivity, incisional biopsy, excisional biopsy, and prefilled syringe biopsy.

Based on the operating area, the plastic surgery and integumentary system procedures market is segmented into skin, nose, breast, subcutaneous tissue, and eyelids.

Based on application, the plastic surgery and integumentary system procedures market is segmented into augmentation, skin cancer, athlete’s foot, infection, autograft, allograft, and skin grafts.

Based on the end user, the plastic surgery and integumentary system procedures market is segmented into research institutes, research laboratories, and hospitals and clinics.

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Rapid Approval of Drugs to Bode Well for Global Dravet Syndrome Market: MRFR

Dravet syndrome is a rare epileptic disorder affecting infants. The patient has seizures which are triggered by hot temperatures or fevers. It is also known as severe myoclonic epilepsy of infancy (SMEI). According to the National Center for Advancing Sciences, nearly 15-25% of the cases of the disorder have a family history of febrile seizures or epilepsy. The global Dravet syndrome market report by Market Research Future (MRFR) has been compiled by a blend of primary and secondary research.

Market Overview

The global Dravet Syndrome Market is expected to magnify its valuation at 8.5% CAGR from 2017 to 2023 (forecast period). The increase noticed in the health expenditure for research and development (R&D) and development of new therapies are primary factors expected to drive the market growth. Other major drivers include reimbursement policies offering coverage of rare diseases, improvement in regulatory framework, and unmet medical needs of patients.

Adverse effects of the drugs, low awareness of the disease, and low planning of healthcare in low and mid income countries are some of the restraints which can impede market growth.

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Segmentation

The global Dravet syndrome market is segmented on the basis of the type of seizures, diagnosis, treatment & management, and end-user.

On the basis of the type of seizures, it is classified as myoclonic seizures, atonic seizures, partial seizures, absence seizures, tonic clonic seizures, photosensitive seizures, and others.

On the basis of the diagnosis, it is segmented as magnetic resonance imaging (MRI), electroencephalography (EEG), SCN1A testing, and others.

On the basis of the treatment & management, the market is segmented into seizure medications, ketogenic diet, vagus nerve stimulation (VNS), and others. The seizure medications segment is further classified into clobazam, stiripentol, sodium valproate, and others.

On the basis of the end-user, the global Dravet syndrome market is segmented into pharmaceutical companies, hospitals, diagnostic laboratories, academic and research institutes, and others.

Global Capsule Endoscopy Market expected to register at CAGR of 8.82% and is anticipated to reach USD 967.4 million by 2023 | Emerging Technologies, Competition & Strategies of Key Players, Regional Analysis and Region Wise Performance

Capsule endoscopy, a digestive capsule-encased micro-camera is used to diagnosis gastrointestinal complications such as chronic pain, small intestinal bleeding, ulcer, and abnormal tissue growth where the traditional endoscopy is ineffective.  This diagnostic procedure images the esophagus, stomach, and small intestine as the device pass through the gastrointestinal (GI) tract. The real-time data provided by the capsule is used to expedite the diagnosis process and hence, the faster treatment and recovery in the gastrointestinal complications.

Resultantly, the uptake of capsule endoscopy is widening rapidly over the past few years. The larger absorption leads to driving the growth of capsule endoscopy market. Moreover, technological advancements transpired into the field of medical science are escalating the market on the global platform.

Acknowledging the enormous growth, the market perceives currently; Market Research Future (MRFR) in its newly published study report confirms that the global capsule endoscopy market is expected to garner exponential accruals posting a CAGR over 8.7% throughout the assessment period (2018-2023).

Additionally, factors such as the growing prevalence of intestinal diseases and cancerous tumors & diseases substantiate market growth. The rapidly changing lifestyle of people and their inclination towards the sedentary lifestyle is acting as a significant tailwind pushing up market growth, increasing the occurrences of gastrointestinal diseases and stomach cancer.

Substantial investments put into the R&D activities to bring the betterments in the endoscopy are, in turn, driving the market growth to an extent. Also, favorable reimbursement policies alongside government funding are playing a significant role in the growth of the capsule endoscopy market.

On the flip side, factors such as the high cost associated with the capsule endoscopy procedures and limited reimbursement along with the risk of capsule retention are impeding the market growth. Besides, the low awareness among physicians about the benefits of capsule endoscopy is a dominant factor hampering the market growth, acting as a major headwind.

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Global Capsule Endoscopy Market – Segmentations

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By Type                 : Workstation, Wireless Capsule Endoscopy, Receiver Capsule Endoscopy, and others.

By Purpose            : Treatment, Investigation, Diagnostics, and others.

By Application       : Intestine Disease, Crohn's Disease, GIT Bleeding, and others.

By End-user           : Diagnostic Centers, Clinics & Hospitals, Medical Research Institutes, and others.

By Regions             : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Gallstone Market Research Forecast, Regional, Trends and Analysis to 2023

Market Overview

According to a new report by Market Research Future (MRFR), the global gallstone market has been anticipated to expand at 7.9 % CAGR during the forecast period (2017-2022) owing to the increase in gallbladder diseases globally. Gallstones develop due to chemical imbalance of bile inside the gallbladder. Stones generally formed as the cholesterol level in bile increases and the cholesterol forms into stones. It has been predicted that in the UK, more than one in every ten adults suffer from gallstones. Around 80 % of the people suffering from gallstones don’t have pain as these are silent gallstones, asserts American College of Gastroenterology.

Future Drivers and Restraints Impacting the Market

Major causes of gallstones comprise blood sugar imbalance, estrogen dominance, food allergies and sensitivities, chronic stress, low fiber diet, low stomach acid production, obesity, rapid weight loss, low-fat diet, cholesterol-lowering medications, and others. Moreover, the continuous changing lifestyle coupled with unhealthy eating habits are also some of the major factors propelling the market growth. With increasing demand for treatment options, the gallstone market is likely to expand. Companies are developing cost-effective products that have minimum side effect. Several companies are also adopting strategies for acquisitions and launching new products to strive in the competitive market. The competition amongst new market players is also expected to upsurge the market growth.

Meanwhile, complications such as infection, bleeding, bile leakage, bile duct injury, deep vein thrombosis, post-cholecystectomy, and pain during the surgery along with asymptomatic nature of gallstones are predicted to slow down the market growth over the assessment period.

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Global Gallstone Market Segmentation

Globally, the gallstone market has been segmented based on cause, diagnosis, treatment, and region.

The market has been segmented into bilirubin, cholesterol stones, concentrated bile, and others based on cause. The most common type is the cholesterol gallstone which appears in yellow and is mainly composed of undissolved cholesterols. According to World Gastroenterology Organisation, more than 85 % gallstones are cholesterol stones in developed countries, among which around 20 million people in the US suffer from gallstones.

Different diagnostic procedures covered in the market include abdominal CT scan, ultrasound, blood tests, gallbladder radionuclide scan, and others. The ultrasound is the most commonly used diagnostic procedure for gallstone diseases. With this procedure, even the smallest gallstones can be detected.

The market has also been segmented into laparoscopic cholecystectomy, open cholecystectomy, medications, and others based on treatment.

North America Estimated to Hold the Largest Share

Geographically, the market for gallstones has been spanned across North America, Europe, Asia Pacific, and the Middle East and Africa.

North America has been estimated to hold the largest share due to the presence of huge patient population suffering from gallbladder disease. High spending on healthcare along with a well-developed healthcare sector has contributed to the global market positively.

Europe holds the second largest position owing to the increased government for research and development. The UK, Germany, and France are the major contributors in this region. Ultrasound studies revealed an incidence of 0.63/100 persons per year and a prevalence of 9 to 21% in the European region, asserts World Gastroenterology Organisation.

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Moreover, Asia Pacific is anticipated to showcase the fastest growth rate due to the presence of huge patient population, improved healthcare infrastructure, and raising awareness associated with gallbladder diseases. Meanwhile, the Middle East and Africa account for the lowest market share in the gallstone market globally.

Competition Analysis

The prominent players operating the growth of the market comprise NovaTract Surgical LLC (California), Sklar Surgical Instruments (US), Olympus America Inc. (U.S.), Medtronic plc (Ireland), Intuitive Surgical Inc. (California), Fortimedix Surgical, Levita Magnetics (California), Simulab Corporation (US), and others.

Cosmetic Implant Market : Key Players, Growth, Analysis by 2019 – 2023

Overview:

Improving physical appearance can boost an individual’s confidence or help him or her recover from accidental wounds or trauma. Cosmetic implants work in that direction where by, placing substances under the skin or over it, doctors can achieve desired results. These implants are specially designed medical devices that can be subdermal or transdermal depending upon the surgical procedure.

The global cosmetic implant market is expected to grow at a healthy rate of 7.1% during the forecast period (2016-2022) to reach a valuation of USD 11.2 billion. The report published by Market Research Future (MRFR) contains drivers such as technological advancements which include injectable fillers and gummy bear implants and witnesses minimally invasive surgeries revolutionizing system. Furthermore, people getting conscious about their looks and rising amount of disposable income are considerably boosting the cosmetic implants market.

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However, the high cost associated with the procedure and implant malfunction can halt the cosmetic implant market growth during the forecast period.

Industry Trends:

CAD-CAM system is revamping the dental implant industry as this can make a replica of the tooth that needs a transplant. This improves efficiency, reduces waiting time, and cuts down the cost significantly.

Ideal implants have recently launched saline-based breast implants whose unique construction would let women know of ruptures without an MRI scan. These implants also reduce wrinkling and rippling.

Segmentation:

The global cosmetic implant market can be segmented by type, material, and end-user.

By type, the cosmetic implant market includes dental implant, breast implant, facial implant, buttock implant, and others.

Material-wise, the cosmetic implant market comprises polymers, metals, ceramics, and biologicals.

Based on end-users, the market can be segmented into hospitals, dental clinics, academics, and others.

Regional Analysis:

Region-specific analysis of the global cosmetic implant market includes North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).

North America has the largest market for cosmetic implants. Superior healthcare infrastructure backed by latest technologies has given the market enough space to expand and draw in revenue. High healthcare investment and growing general awareness are also drivers that are giving the regional market much traction.

Europe has the second largest market. The region mostly follows the steps of North America. Likewise, the region is investing heavily in researches which are easing the regional market’s growth path.

The APAC region is experiencing a revolution in healthcare and increasing investment in the sector is ensuring cosmetic implants prospect in coming years. The region can clock the fastest CAGR during the forecast period.

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Market Landscape:

The cosmetic implant market has several international players that are helping the growth of the global market. However, regional players are also contributing significantly and are creating many opportunities for the market to accelerate its grassroot level penetration. Important strategies include mergers, acquisitions, joint ventures, product launches, and others. For instance, Sientra has recently received approval from FDA to launch their breast implant line Opus. On the other hand, New York’s Hospital for Special Surgery and pSivida have collaborated in their effort to create a knee implant to improve knee osteoarthritis pain. 

Some of the key players in this market are LABORATOIRES ARION, CEREPLAS, 3M, Institut Straumann AG, Zimmer Holdings, Inc., Nobel Biocare Holding AG, DENTSPLY Implant, ALLERGAN, INC., Spectrum Designs Medical, Dyna Dental, Cortex Dental Implant Industries Ltd., AART.Inc and many others.