Energy Based Medical Devices: A Global Strategic Business Report
San Jose, California (PRWEB) October 23, 2013
Growing demand for energy based medical devices in the global healthcare sector is strongly linked to the increasing proportion of aging individuals in the world population mix. Additionally, other factors such as growing costs of conventional invasive treatments and declining productivity of healthcare facilities have played an important role in changing the direction of healthcare treatment regimens in favor of minimally invasive procedures thus benefiting demand for energy based medical devices.
Aging population across the globe represents the chief factor supporting market growth. Developed economies such as the United States, UK, Canada, Japan and Germany along with certain emerging markets such as China, are home to a growing base of aging individuals. With life expectancy increasing, the number of diseases that need to be treated is also growing, resulting in increased demand for healthcare services and products. Growing awareness among the elderly over available minimally invasive treatment options and procedures is expected to augur well for the Energy Based Medical Devices market in these regions. However, the healthcare industry has been facing severe challenges off late that have slowed down growth in several regions. Austerity measures in Europe has led to a marked slowdown in the healthcare industry, adversely affecting demand for energy based medical devices.
The development of electrical, radiation, cryogenic, radio frequency and light energy based energy devices has enabled physicians and doctors to apply them in a broad range of fields such as ophthalmology, orthopedics, cancer treatment, and cardiovascular disorders, among others. Cancer treatment especially has become the mainstay of energy based medical devices. Cancer treatment through energy based medical devices is generally a minimally invasive procedure, where the afflicted tissues or tumors are ablated using different types of energy. The energy is used for the destruction of solid tumors in affected areas. Traditionally, energy based medical devices were popular in the treatment of liver cancer. However, with the development of innovative devices and procedures in recent years, these techniques and procedures are increasingly being used in treating several other cancer types including those of the lungs, prostate, breast, and kidney, among others.
As stated by the new market research report on Energy Based Medical Devices, industrialized regions such as the United States and Europe represent major markets worldwide. Asia-Pacific, led by strong healthcare spending in China and India, is forecast to emerge as the fastest growing market. Radiation Energy Based Medical Devices represents the largest segment in the energy based medical devices market. Cryotherapy Energy Based Medical Devices are projected to offer lucrative growth opportunities owing to non-thermal nature of the modality, leading to lesser pain as compared to thermal modalities.
Major players covered in the report include AngioDynamics Inc., BIOLASE Inc., biolitec AG, Covidien, Cutera Inc., Dornier MedTech GmbH, Lumenis Ltd., Medtronic Inc., Palomar Medical Technologies Inc., PhotoMedex Inc., ProstaLund AB and Solta Medical Inc., among others.
The research report titled "Energy Based Medical Devices: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of major growth drivers, challenges, trends, and strategic corporate developments of major companies worldwide. Market estimates and projections are provided in US$ for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), and Rest of World markets. Product markets analyzed include Cryotherapy based medical devices, Electrical energy based medical devices, Radiation based medical devices, Radiofrequency based medical devices and Ultrasound based medical devices.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Energy_Based_Medical_Devices_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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