Dental Implants Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2024

September 03, 2021: The global Dental Implants Market is likely to reach USD 6.81 billion by 2024, with a CAGR of 7.7% during the forecast period. Dental implants have wide application as anchors used for positioning of dental prosthesis such as dentures, bridges, or crowns. Dentists prefer these implants for replacements for missing teeth which are considered as long-term solutions with excellent results.

Boosting the demand via oral rehabilitation is majorly performed by the prosthetics. These involves restoring facial forms and oral function of patients. Patients and dentists are readily accepting the implants since there are limitations of removable prosthesis such as lack of natural appearance, discomfort and requirement of maintenance. The major advantage of these implants is if the prosthetics are mounted on dental implants, they do not affect soft tissues with enhanced aesthetics, which will act as the driver to its growth.

The increase in the base population plays a vital role in the growth of the segment. The development of diseases for tooth loss is mostly observed in the geriatric population. Also, the aging population is expected to grow over the next six years which will help to increase this segment.

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According to a survey done by American Association of Oral and Maxillofacial Surgeons, in the US, more than 15 million people have bridges or crowns and over 30 million people have missing teeth in one or both jaws. These factors will drive the market in the coming years. Furthermore, the increase in number of road accidents every year will also help the market to increase.

Companies like Nobel Biocare Services AG are occupied in production of novel products, which has helped in increasing the product portfolio, thus, providing more product range for the end consumers which results in enhanced treatment. Though dental implant treatments are costly, but are widely accepted resulting the high rate of success rates.

Type Insights

Titanium metal generated revenue of USD 3.4 billion in 2016, owing to its flexibility and versatility along with surgical placements. This metal is finds wide application in dental implants because of its advantages such as high bone bonding ability and high biocompatibility. Also, it acts an alternative for tooth replacement.

Zirconium is estimated to grow with highest CAGR over the forecast period owing to benefits such as noncorrosive property. Besides, the dark colored zirconium cannot be seen through the gums, which makes it patient compliant.

Regional Insight

Europe held the largest market share in 2016, since the base population is more. The European Commission reported that by 2020, one fourth of population will be aged over 60 years of age, therefore, this will help to drive the market. Moreover, Europe is considered for dental tourism as a cost-effective region, which is anticipated to serve as a high impact driver. The increase in healthcare spending also supports the growth of the industry.

Asia Pacific is identified as region with highest CAGR of over 10.0% owing to increasing base of population with tooth (or teeth) loss in many countries. Furthermore, increasing disposable income in this region will also contribute towards the growth. North America is also anticipated to hold significant market share because of its sophisticated infrastructure coupled with increased disposable income.

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Competitive Insights

Some of the key players of this market include BioHorizons IPH, Inc., Nobel Biocare Services AG.; Institut Straumann AG; DENTSPLY Sirona; OSSTEM IMPLANT ,Zimmer Biomet Holdings, Inc.; Bicon, LLC; KYOCERA Medical Corporation; Leader Italy; Anthogyr SAS; DENTIS., DENTIUM Co., Ltd.and T-Plus Implant Tech. Co.

The major strategies of these companies are mergers and acquisitions with other companies. Moreover, increasing venture capital investments and new product development due to growing economic stability in both developed and developing regions are some of the other strategies undertaken by these players.

Market Segment:

Dental Implants Market Product Outlook (Market revenue in USD Million, 2013 - 2024)

    • Titanium Implants

    • Zirconia Implants

Dental Implants Market Regional Outlook (Market revenue in USD Million, 2013 - 2024)

    • North America

            • U.S.

            • Canada

    • Europe

            • UK

            • Germany

    • Asia Pacific

            • Japan

            • China

    • Latin America

            • Brazil

            • Mexico

    • Middle East and Africa

            • South Africa

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Ammunition Market Scenario, Strategies and Forecast Analysis Report till 2025

September 02, 2021: The global Ammunition Market size is likely to reach USD 16.07 billion by 2024 and is anticipated to experience a noteworthy growth in the near future owing to the rising security concerns caused by the upswing in terrorist groups and activities. Arms race has been observed in the developing economies of Pakistan, China and India which is presumed to thrust the demand over the forecast period.

The market has been segmented into different products that primarily consist of rockets, bullets, mortars and others. Civil & defense are the two end-use segments included in the study. Political differences along with the rising tension across borders is resulting in the rise in stacking of armories.

According to the latest statistics published by Stockholm International Peace Research Institute (SIPRI), China, Saudi Arabia, Russia, and the U.S were the foremost nations having highest expenditure on armories. The majority of the share was captured by the U.S with 36%, followed by China with a share of 13% in 2015.

Rising inclination towards hunting and sports activities has enhanced ammunition market. In terms of exports, the U.S is amongst the major exporter of weapons and armories across the globe. The U.S armory industry is a commercialized segment and a significant contributor in the countries’ economy. In the context of R&D, innovation and production, the U.S ranks on top.

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Product Insights

The major product segment in 2015 was bullets which accounted for 53.9% of the total market share. Bullets are mostly utilized by the civilians and criminal organizations. Small caliber bullets utilized in domestic end-use is a key contributor in the segment.

Domestic end-use utilizes numerous armories which comprises of rifles, handguns, pistols and shotguns. The demand is also fueled by the growth in personal end-use for security from developing economies. Other segments are mostly consumed by the defense and military departments. Upsurge in procurement of armories can be attributed to the upswing in terrorist activities or terrorism.

End-Use Insights

Civil or domestic was the most noticeable segment which accounted for 74.5% of the total revenue share. The domestic segment is expected to observe a substantial rise as a result of high growth from hunting & sports activities in the near future. The domestic segment comprises of sports & hunting, self-defense and law enforcement.

Outdoor and adventure activity is massive occupation in North America, specifically in the U.S. According to the latest study conducted by U.S. Fish and Wildlife Services, Americans spend around USD 50 billion on hunting and sports activities in 2015. All these aspects enhance the complete growth of the ammunition industry.

Regional Insights

Asia Pacific, which is projected to grow at a CAGR of 4.5%, also accounted for the highest share in 2015 and is projected to continue the trend over the forecast period. The upsurge of terrorism activities in developing economies such as India is resulting in the strengthening of the overall defense system of the country. India signed several contracts valued at USD 15 billion to buy armories in March, 2016.

Production of small armories and weapons is a leading industry in Europe as a result of which it has retained its position as one of the key arms exporter across the globe. Key countries in Europe consists of the U.K, France, Germany and Russia.

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Competitive Insights

Major businesses in the market include General Dynamics Corporation, Remington Arms Company, Inc., BAE Systems, Ruag Ammotec, Federal Premium Ammunition and Maxam and Poongsan Corporation.

With a view of safeguarding a solid position in the market and minimize competitiveness, the international weapons and armories industry has constantly experienced mergers and acquisitions by the key participants. BAE systems merged with General dynamics ordnance and tactical systems in the year 2012 to produce RCGM i.e. an 81mm Roll Controlled Guided Mortar.

Market Segment:

Product Outlook (Revenue, USD Million, 2013 - 2024)

    • Bullet

    • Rocket

    • Mortar

    • Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024)

    • Civil

        • Law Enforcement

        • Sports and Hunting

        • Self-defense

    • Defense

Regional Outlook (Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

    • Europe

        • Russia

        • UK

        • France

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

        • Cuba

    • MEA

        • Saudi Arabia

        • Israel

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Meat Substitutes Market Challenges, Opportunities, Trends And Top Key Players till 2022

September 02, 2021: The global Meat Substitutes Market size is estimated to reach USD 5.81 billion by 2022, progressing at a CAGR of 7.5% during the forecast period. Meat is an excellent source of protein, but it also contains large quantities of saturated fats and cholesterol. People consuming meat on a daily basis are more prone to health related problems such as atherosclerosis and obesity. Increasing consciousness about personal health and shift in dietary preference towards vegan diet are expected to propel the meat substitutes market over the upcoming period. The rise in demand for a healthy source of proteins and plant-based nutrients is the primary driving force of the market.

Growing health problems such as high blood pressure, heart disease, asthma, diabetes and increasing number of people suffering from obesity all around the globe have led to more and more number of individuals becoming health conscious.  The increasing health concerns about consumption of meat coupled with several animal disease outbreaks in the recent past are the significant factors stimulating the growth of the global market. In the developing regions such as Latin America and Asia Pacific increasing standard of living due to the rising disposable income have propelled the meat substitute consumption. However, per-capita consumption of meat has experienced a decline, especially in developed regions of the world in the recent past.

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Food products which have similar nutrients, taste, and texture of meat, are gaining popularity among consumers. Moreover, growing consciousness towards the advantages of a vegan diet such as improved cardiovascular health, lower heart problems, reduced diabetes & obesity, lower cholesterol risk are projected to impact the global meat substitute market positively. Despite number of benefits of the product over the traditional meat, the absence of consumer awareness and usage of GMO seeds for making the product are the major obstacles for the global meat substitutes market. Furthermore, availability of various low fat – low cholesterol alternatives, higher cost and various health concerns such as soy allergy and intolerance from gluten are expected to pose a threat to the global market.

Raw Material Insights

Meat substitutes are mainly composed of ingredients such as wheat, soy, and others. Soy-based products are amongst the most popular ones and dominates the raw material segment; Soy products accounts for nearly four-fifth of the global market. The regional market such as North America and Latin America is expected to impact positively on growing soy production in these regions. The global soy production is dominated by countries such as Brazil, Argentina, and U.S. which serve half of the global soy demand.

Asia Pacific, Middle East, and Europe are inclined towards wheat production.  Increasing disposable income and standard of living in the emerging economies such as India and China, Asia Pacific region is projected to experience the fastest growth during the forecast period.

Product Insights

Tofu, seitan, tempeh, TVP, Quorn, and other soy based and tofu-based products are the superior meat substitutes. Soy, mycoprotein, and wheat based are the main ingredients for this product. Textured vegetable protein (TVP) leads the global consumption market followed by tofu based products among all the other products. Other products occupy smaller sections of the markets.

Research and development activities are being carried out to develop cheaper but excellent substitutes giving plenty of growth opportunities for the industry players. So as to commercialize the products, high costs are spent on R&D activities which are expected to hamper the market development.

Regional Insights

In the past few years, Europe dominated the global meat substitute market followed by North America and Asia Pacific. Increasing soy production in the United States is projected to drive the regional market. Moreover, growing population in the developing regions of the world coupled with rising convenience food demand is expected to further expand the meat substitute market in the upcoming seven years.

The emerging areas provide ample opportunities for the current as well as new market players of the industry. Diverse regions account for availability of different raw materials such as North America is considered for soy-based production and regions like Europe and Asia Pacific are considered for wheat-based production. Such type of scenario is likely to provide significant growth to the particular regional markets.

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Competitive Insights

Key industry players are investing in research and development activities to manufacture superior quality products as well as increase their product portfolio. Archer Daniels Midland produces TVP and dominates the global market accounting for more than half the market share. Partnerships and collaborations are the major strategies adopted by leading companies to stronghold their product offerings in the industry. Major market participants include Vbites foo Ltd., Morning Star Farms, MGP Ingredients Inc., Quorn Foods, Meatless B.V, Garden Protein Internationsl Inc., Amy’s Kitchen Inc., Cauldron Foods UK and Beyond Meat.

Market Segment:

Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2012 - 2022)

    • Soy-based

    • Wheat-based

    • Mycoprotein

    • Others

Meat Substitutes Product Outlook (Revenue, USD Million, 2012 - 2022)

    • Tofu

    • Tofu-based

    • Tempeh

    • Textured Vegetable Protein (TVP)

    • Other Soy Products

    • Seitan

    • Quorn

    • Others

Meat Substitutes Regional Outlook (Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

    • Middle East and Africa

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Bone Densitometers Market Scenario, Strategies and Forecast Analysis Report till 2025

September 02, 2021: The market size of global bone densitometers was worth USD 893.7 million in the year 2016 and is predicted to grow with a CAGR of 3.9% during the forecast period. The significant increase in prevalence of osteoporosis on global level is the major driving force. This has led to an upsurge in demand for efficient assessment with the use of bone densitometers. In addition, the increase in geriatric population base, which is more susceptible to metabolic bone diseases, is expected to provide lucrative growth opportunities.

The rise in osteoporosis incidence in menopausal women is anticipated to be a key growth contributor. According to International osteoporosis foundation, over 200 million females are suffering from this disease globally with 1/10th belonging to 60 years, 2/5th in 80 years’ group, 1/5th in 70 years and 2/3rd in 90 years’ age group. Moreover, every 1 out of 3 women above the age of 50 years were seen to suffer from fragility fractures once in their lifetime.

According to a report published by National Institutes of Health Osteoporosis and Related Bone Diseases, various lifestyle-related factors including smoking, alcohol abuse and sedentary lifestyle are major contributors for development of osteoporosis in males. The above mentioned factors provide a clinical urgency to reduce this disease burden and hence fuel the rate of adoption of these assessment devices to suffice early diagnosis.

Additionally, advent of technologically advanced products such as ultrasound & computer assisted densitometers and integrated digital detectors cater to the needs of technicians and physicians by reducing measurement time and facilitating easy operations. The use of ultrasound based densitometers has increased to wide range of fields including endocrinology, gynecology and various others.

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Furthermore, the increase in demand for these devices can be attributed to the collaborative initiatives undertaken by key companies for research and development of new products to enhance the diagnostic tools for advanced skeletal assessment. Also, funds for research by various healthcare organizations for development of technologically advanced products are also projected to drive the market. For instance, Lunar Expert developed by GE Healthcare provides spatial resolution leading to enhanced risk assessment and identification via advanced visualization.

Technology Insights

The largest share in the technology segment was held by axial bone densitometers with over 60.0% in 2016 as a consequence of consistent adoption rate of these devices. The fulfillment of various requirements and needs of clinicians by usage of these devices can be attributed to the increasing penetration rate of the technology. These majorly include the central dual energy x-ray absorptiometry, technology based tools which are crucial for accurate diagnostic results.

Moreover, the usage of these bone assessment devices are predicted to be a result of enhanced precision, sensitivity, optimum linearity leading to reduced variation in diagnostic performance. The above mentioned factors along with their cost effective nature are responsible for the high adoption of these by clinicians.

End-use Insights

The major share was held by hospitals in 2016 owing to the large volume of patients and frequent readmission. Moreover, sophisticated infrastructure facilitating high efficiency of diagnostic procedures with bone assessment devices is expected to drive the hospital segment.

The rise in initiatives by healthcare organizations to promote technologically advanced and sophisticated instruments for rapid result generation also serves as a key growth driving factor. In addition, hospitals in present scenario are using totally automated systems having the ability for assessment of conditions at an early stage. The aforementioned factors are predicted to positively impact the segment growth during the forecast period.

Regional Insights

The market was dominated by North American region in 2016 owing to the rising osteoporosis burden of the region. Various strategic initiatives by prominent market players for improvement of R&D capabilities and maintaining high medical standards are anticipated to drive the regional demand.

The growth across Asia Pacific region is expected to be exponential throughout the forecast period with a CAGR of xx%. The high growth can be attributed to the rise in demand to reduce the existing prevalence, increased disposable income and improvements is infrastructure of healthcare facilities. The developing economies including China and India presents a potential growth opportunity in the forecast period owing to the high awareness level related to osteoporosis care.

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Competitive Insights

The intensive competition in the industry is expected to rise throughout the forecast period as a consequence of increasing number of strategic initiatives such as new product development, R&D investments, acquisitions and mergers by prominent market players to maintain their competitive edge over the other companies.

For example, Hologic, Inc. in August 2014 received regulatory approval for horizon DXA platform in Canada having workflow efficiencies and enhanced technical capabilities. The integrated ceramic detector array and high resolution achieved by the devices helps in enhanced stability, precision, image quality and skeletal mapping.

Market Segment:

Bone Densitometers Technology Outlook (Revenue, USD Million, 2014 - 2025)

        • Axial Bone Densitometry

                • Dual Energy X-Ray Absorptiometry (DEXA)

                • Quantitative Computed Tomography (QCT)

        • Peripheral Bone Densitometry

                • Single Energy X-Ray Absorptiometry (SEXA)

                • Dual Energy X-Ray Absorptiometry (PDEXA)

                • Radiographic Absorptiometry (RA)

                • Quantitative Ultrasound (QUS)

                • Peripheral Quantitative Computed Tomography (pQCT)

Bone Densitometers End-Use Outlook (Revenue, USD Million, 2014 - 2025)

        • Hospitals

        • Clinics

Bone Densitometers Regional Outlook (Revenue, USD Million, 2014 - 2025)

        • North America

                • U.S.

                • Canada

        • Europe

                • UK

                • Germany

        • Asia Pacific

                • Japan

                • China

                • India

        • Latin America

                • Mexico

                • Brazil

        • MEA

                • South Africa

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Antimicrobial Coatings Market Analytical Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

September 01, 2021: The global antimicrobial coating market was worth USD 2.44 billion in 2015. Indian pharmaceutical companies are driving into antimicrobial market to be in line with the regulatory standards. The effect of micro-organisms on people improves health concerns owing to boost the market over the forecast period.

Industries such as food and beverages, pharmaceuticals, packaging, hospitality and private & public water treatments drive the market positively over the coming years. Hygiene and cleanliness in various manufacturing and process industries have led the rapid advancement of this industry. Micro-organisms such as parasites, germs, and microorganism which are primarily developed on the surfaces can be restricted.

Antimicrobial coatings are developed to limit the growth of micro organisms on the surface. With the advancements in health care sectors and rising concern for the increase in infection due to the environment boost the overall market growth. With the greater impact on microorganism development and survival, it is mostly used in disinfectants and cleaning agents. The market is cost effective and time efficient which are the key drivers for the industry growth. With the ever degrading immune system of today’s human species, antimicrobial coatings help in stopping the spread of germs.

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Antimicrobial coatings have been in the healthcare industry for sterilization of medical instruments to hospital associated infections, which have accounted for around 100,000 deaths in the U.S. With the application of these over children toys to everything increases, the chances of taking out even the ecological microorganism are of a concern. U.S. FDA and MHRA have raised the concern on the usage of silver in the product which can be a key hindrance for the overall demand. Copper and alloys (bronze, copper copper-nickel-zinc, and others) are an innovation as they are natural antimicrobial materials in antimicrobial surfaces as they can destroy a variety of microorganisms due to their intrinsic properties.

U.S. FDA has provided certain regulations for drug-device combinations which except to boost the market over the forecast period. They meet the safety and efficacy part based on specified requirements. In recent past, the application directly on the local surface is considered more.

Product Insights

Surface modification and coatings dominated the product segment accounting for a market share of around 55.7% of total volume in 2015. Modification and antimicrobial powder coatings are the key product segments in this market. The main concern of paint process segment is protection of the dry film against fungal and algae growth. So, biocides are used to maintain the product’s usage period and to preserve the desired look of the painted surface for a longer period.

Medical and surgical devices use the coating of silver nanoparticles which destroys the microorganism cell membranes that are used to avoid bacterial adhesion and formation of bio-film. The extended release of silver nano particles helps in killing the bacteria near the surface with low toxicity.

Application Insights

The use of antimicrobial coatings can be found in water treatment, medical and commercial purposes. Key applications include food and beverage processing, packaging, sanitary facilities and kitchen, air conditioning and ventilation systems, antimicrobial textile, construction, mold remediation and others segment. 

With the most chances of contamination and infection through the air in any process industry, AHU and ventilation systems were the market leaders with 26.8% of total volume in 2015. Rising initiatives and research by health & safety department and few private NGO to educate schools about air quality and its cleanliness taken by government is projected to boost the market over the forecast period.

Regional Insights

With over 35% of market share North American market dominated the overall regional segment. The region is expected to grow at a CAGR of 11.1% from 2016 to 2025. High living standards coupled with growing healthcare and facility expenditure in the U.S. are the major driving forces. The growth of major industries such as medical, construction, paint, automobile and food mainly in Asia Pacific region will serve as major opportunities for investment in this region.

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Competitive Insights

The industry displays oligopolistic features with a few large enterprises holding a significant share of the total revenue generated by the overall market. Some of the key companies include Pertinax Pharma, HeIQ Materials, AkzoNobel NV, Damond Vogel, Kastus, Nanograde, Dow Microbial Control and Sherwin-Williams among others.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

        • Antimicrobial powder coatings

                • Silver

                • Copper

                • Other

        • Surface modifications and coatings

                • E. Coli

                • Listeria

                • Pseudomonas

                • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

        • Sanitary facilities and kitchen

        • Air conditioning and ventilation systems

        • Food processing and packaging

        • Antimicrobial textile

        • Mold remediation

        • Construction

        • Other applications

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

        • North America

                • U.S.

        • Europe

                • Germany

                • UK

                • France

        • Asia Pacific

                • China

                • India

        • Central & South America

        • Middle East & Africa

Get in touch

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Sterilization Equipment Market Trends, Opportunities, Size, Share, Growth, Analysis and Forecast till 2025

September 01, 2021: The global sterilization equipment market size was worth USD 4.3 billion in 2016 which is anticipated to grow at a CAGR of more than 9.5% during the forecast period. Various factors, which led to such huge market growth, include increase in the aging population, rise in the number of surgeries conducted, and surging incidences of chronic diseases. Also, there are number of changes in the government policies and regulations which in a way is helping the sterilization equipment market to grow and advance. Such changes in the policies have resulted in increase in the adoption of sterilization equipment by various hospitals and diagnostic centers.

Similarly, increase in the number of government initiatives, which are stringent enough to ensure utmost quality of the product, is making way for the sterilization equipment market to grow. Advancement in technologies of sterilization equipment such as gamma ray filtration, radiation, microfiltration and many more have created wide scope for sterilization equipment in the food industry.

Government bodies of developing countries such as Japan, Mexico, and Brazil, are making huge investments to spread awareness about the application of sterilization equipment, and thereby focusing on quality and safety. Such equipment are mainly used for sterilization and disinfection before surgeries. In regions such as Latin America, Middle East and Asia Pacific, the market is witnessing increase in foreign investments, which is leading to revenue generation for the market.

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Technique Insights

The heat sterilization technique captured the largest market share in 2016 in which hydrated state is preferred more than dry state due to its greater reliability in use. It is estimated that the low temperature market segment is expected to grow at the highest CAGR due to compatibility with thermo-labile products, lesser complex in handling and monitoring. The introduction of various advancements in technology of the equipment for sterilization technique has led to better business expansion and penetration to various regions around the globe. 

End User Insights

The hospital segment captured the largest market share in the year 2016, due to growing infection burden, rising number of surgeries performed, advancing technologies and rise in the number of patients being admitted. The ever-increasing need for quality assurance and quality control by pharmaceutical company in its manufacturing and storage processes resulted it to be the second largest segment in the global market.

Regional Insights

North America dominated the sterilization equipment industry having largest revenue share in 2016. Increasing incidences of disease caused by a number of infections, rise in the use of reusable surgical equipment, greater advancement in technology is leading to greater market share of the region.

Whereas, Asia Pacific is expected to exhibit the fastest growth during the forecast period due to increasing number of medical devices manufacturers in the region, rise in the incidences of infection, upsurge in the number of hospitals and potential scope of growth in the food and chemical industry.

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Competitive Insights

Some of the top companies operating in this industry are STERIS Corporation; Advanced Sterilization Products Services, Inc.; Getinge Group; 3M; Cantel Medical; Belimed; and others.

A huge pool of companies is focused towards advancing the sterilization equipment technology after thorough research and development in this sector. The most common strategy opted by companies are through mergers acquisitions and collaboration in order to gain the maximum market share in the industry.

Market Segment:

Sterilization equipment Technique Outlook (Revenue, USD Million, 2014 - 2025)

        • Heat sterilization

        • Low-temperature sterilization

        • Filtration sterilization

        • Radiation sterilization

        • Liquid sterilization

Sterilization equipment End-user Outlook (Revenue, USD Million, 2014 - 2025)

        • Hospitals

        • Pharmaceutical companies

        • Medical devices companies

        • Clinical laboratories/research centers

        • Others

Sterilization equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)

        • North America

                • U.S.

                • Canada

        • Europe

                • Germany

                • UK

        • Asia Pacific

                • China

                • Japan

        • Latin America

                • Brazil

                • Mexico

        • MEA

                • South Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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Ophthalmic Lasers Market Analytical Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

September 01, 2021: The global ophthalmic lasers market size was worth USD 1.0 billion in 2016, which is anticipated to grow at a CAGR of more than 5.9% during the forecast period. Increase in incidence of chronic ophthalmic disorders is the major driving factor contributing to the growth of ophthalmic lasers market.

There is a rise in prevalence of ophthalmic disorders such as glaucoma, cataract, refractive errors, Age Related Macular Degeneration (AMD), retinal disorders and diabetic retinopathy. According to American Academy of Ophthalmology in 2014, 60.5 million people were estimated to be suffering from glaucoma globally. According to WHO, glaucoma is the second major cause of blindness in the world.

Based on the Journal of Ophthalmology, cataract is the leading cause of blindness in the world. According to New-Medical .Net, in 2015, 22 million people aged 40 years and above were affected with cataract. According to National Eye Institute, by 2050, the number of people in US with cataract is estimated to double from 24.4 million to around 50 million. Thus, with the rise in incidence of ophthalmic disorders the market is estimated to witness rapid growth during the forecast period.

According to a study conducted by PLOS, in UK approximately 54% of the people aged 40-69 years were affected by refractive error of which 27% of the people had myopia. Refractive error is a major health issue in UK. It is a genetic disorder, so the individuals whose parents are suffering from any form of refractive disorder are likely to be affected by similar disorder. Thus, the aforementioned factors are supporting the growth of the ophthalmic lasers market.

Increase in geriatric population is another key factor driving the growth of the market. This group of population is generally affected by various eye disorders. The most common eye disorders for this group are cataract and hyperopia.

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Product Insights

In the product segment, femtosecond lasers held the largest revenue share in 2016. The rising number of people affected by refractive disorders along with its use during cataract surgeries has led to the growth of the market.

Rise in technological advancements, versatility, predictability, and the unique properties offered by the femtoseconds lasers has increased its demand. Thus, newer technologies are contributing to the growth of the market.

Excimer laser is a form of ultraviolet laser, which is used for the treatment of refractive errors. For instance, Carl Zeiss Meditec AG launched MEL 80 Excimer for refractive laser surgery. This devices in combination with femtosecond laser helps in correcting refractive errors. These lasers account for a considerable share owing to its increased usage in healthcare facilities.

SLT and YAG lasers are used for the treatment of anterior segment of the eye. It helps in treatment of glaucoma, retina and corneal surgery by reducing the intra ocular pressure. Ellex Medical Lasers Limited has a wide range of SLT and YAg lasers for the treatment of eye disorders. These lasers are anticipated to grow at significant rate over the forecast period.

Application Insights

On the basis of application, refractive error corrections dominate the market in 2016. Rising incidence of refractive errors in children and geriatric population has contributed towards the growth of this segment. In addition, use of femtoseconds lasers in correcting eye disorders have also contributed to the growth of this segment.

Cataract removal is expected to witness fastest growth over the forecast period due to the increasing number of cataract removal surgeries taking place across the globe. Cataract is a common problem in the geriatric population which is the leading cause of blindness, if not given proper care at the right time.

Glaucoma is the second leading cause of blindness, if not given proper medical attention. This has eventually contributed to the increased the demand for SLT and YAG lasers. Lumenis introduced a product, Smart Select Duet, which uses the combination of SLT and YAG lasers for treating glaucoma.

Retinal disease such as AMD and diabetic retinopathy are the common problem of geriatric population. According to the American Academy of Ophthalmology, 60% of people with diabetes develop diabetic retinopathy. The major players are focussing on production of products which are helpful in correcting such eye disorders. For instance, Topcon Corporation manufactured PASCAL Synthesis System for the treatment diabetic retinopathy and AMD.

End use Insights

On the basis of the end-use, hospital held the largest market share in 2016 due to the large number of ophthalmic lasers being performed in hospitals. The rising number of hospitals in the developing countries with the support of the government also contributes to the growth of this segment.

Ambulatory surgical centres are expected to witness significant growth over the forecast period. The increasing initiatives for awareness undertaken by the government in the developing countries contributes to the growth of this segment.

Ophthalmic clinics are expected to show fastest growth over the forecast period. This is due to the rise in number of speciality clinics which can treat chronic conditions and the personal care given to the patients. Absence of trained professional who deal with the complexities arising at or during ophthalmic lasers is expected to hinder the growth of this market.

Regional Insights

North America dominated the market in 2016 due to the rising healthcare expenditure and development of healthcare infrastructure in the US. The rising incidence of diabetes in America also contributes to the growth of ophthalmic disorders which in turn is anticipated to flourish the regional market.

Europe also contributes to a significant share of the market in 2016, due to the increase in geriatric population. Increase in ophthalmic disorders among this population group is expected to support the regional market growth.

Asia Pacific is expected to show an attractive growth over the forecast period due to increase in healthcare expenditure in developing countries such as India and China. The increase in prevalence of cataract removal surgeries boosts the market growth. Moreover, increasing awareness level among people for prevention of blindness also contributes to the growth of this market.

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Competitive Insights

Some of the major players of the market include Alcon Laboratories, Inc., Carl Zeiss Meditec AG, Ellex Medical Lasers Limited, Abbott Medical Optics, Inc., Bausch & Lomb Incorporated, Topcon Corporation, IRIDEX Corporation, Lumenis, Ziemer Ophthalmic Systems AG, and NIDEK Co., Ltd.

The major strategies of the key players include mergers & acquisitions, new product development, and regional expansions. For instance, in 2015, Topcon Corporation redesigned Next Generation Pattern Scanning Laser PASCAL Synthesis with an automatic table, which helps in efficiency and space savings.

Market Segment:

Ophthalmic Lasers Product Outlook (Revenue, USD Million, 2014 - 2025)

        • Diode Lasers

        • Femtosecond Lasers

        • Excimer Lasers

        • Nd:YAG lasers

        • SLT Lasers

        • Others

Ophthalmic Lasers Application Outlook (Revenue, USD Million, 2014 - 2025)

        • Glaucoma

        • Cataract Removal

        • Refractive Error Corrections

        • Diabetic Retinopathy

        • AMD

        • Others

Ophthalmic Lasers End-use Outlook (Revenue, USD Million, 2014 - 2025)

        • Hospitals

        • Ambulatory Surgical Centers

        • Ophthalmic Clinics

Ophthalmic Lasers Regional Outlook (Revenue, USD Million, 2014 - 2025)

        • North America

                • U.S.

                • Canada

        • Europe

                • Germany

                • UK

        • Asia Pacific

                • Japan

                • China

                • India

        • Latin America

                • Brazil

                • Mexico

        • MEA

                • South Africa

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