Energy Based Medical Devices: A Global Multi-Client Research Initiative
San Jose, CA (PRWEB) August 22, 2013
Follow us on LinkedIn – In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market, such as, the broadening clinical use of energy based surgical devices in tissue cutting and ablation, rapid growth in minimally invasive surgeries, and growing adoption of these devices in aesthetic surgeries performed in developing countries. Defined as new generation medical devices engineered to provide unrivalled precision and control of surgical procedures, Energy Based Medical Devices are expected to witness strong growth the coming years. A significant portion of this growth will be driven by advancements in energy technologies like thermal plasma, ultrasonic, hydromechanical, and light energy, among others. Other factors expected to spur growth include expansion in indications for the use of energy-based medical devices and improvements in device safety and ease of use as a result of increased emphasis on device efficacy testing and reporting.
As the technology moves up the lifecycle curve, falling costs will make these devices affordable thus encouraging widespread adoption, especially in price sensitive developing countries. Energy based aesthetic equipment are especially poised to benefit as a result of the growing popularity & patient awareness and acceptance of cosmetic procedures like skin rejuvenation, body shaping, skin tightening, and hair removal, among others. In addition to aesthetics, other promising application areas include gynaecology, urology, cardiology, oncology, dentistry, orthopaedics, and ophthalmology among others. Growing appreciation of the therapeutic potential of energy-based therapies like thermal ablation and cryoablation is especially poised benefit growth in the field of oncology. For instance, directed energy-based surgical devices will increasingly be used as therapy tools to accurately deposit energy into cancer cells and tissues to denature proteins, induce apoptosis, and inhibit angiogenesis.
Supported by favourable demographics like aging population and the ensuing increase in interventional surgeries and therapies, Energy Based Medical Devices is estimated to be a multi-billion dollar market worldwide. More precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased, actionable market insights, including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
The report outlines the various types of energy based medical devices depending on the form of energy they harness and their applications in various therapeutic areas. Developed for device manufacturers, technology domain experts, consulting firms, market strategists and C-level decision makers, among others, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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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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