Dallas, Texas (PRWEB) August 13, 2014
MIS involves surgery performed through tiny cuts instead of a large opening. It is gaining popularity because of its advantages such as less pain, reduced blood loss, fast recovery, small incisions, and low cost. It helps patients recover more quickly with less pain and discomfort than conventional surgery. Advanced medical devices such as endoscopy and biopsy are MIS-based, which are extensively used by surgeons.
According to the report, the advances in medical devices drive the growth of the Global Medical Devices market. Novel and advanced medical devices are available in the market, which is an influencing factor for the use of medical devices in the diagnosis, monitoring, and treatment of the patient.
The report recognizes the following companies as the key players in the Global Medical Devices Market Covidien, F. Hoffmann-La Roche, GE Healthcare, Johnson & Johnson, Medtronic , 3M, Abbott Laboratories , B. Braun Medical, Baxter International, Boston Scientific, CareFusion, Coloplast, Cook Medical, C R Bard, Danaher, DENTSPLY, Haemonetics,Hill-Rom, Hospira, Mindray Medical International, Nobel Biocare Services, Olympus, PerkinElmer, Philips Healthcare, Smith & Nephew, St. Jude Medical, Stryker, Teleflex, Terumo Medical, Thermo Fisher Scientific, Toshiba MedicalSystems, Varian Medical Systems, Zimmer Holdings.
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Further, the report states that one of the key challenges is the intense competition among vendors. A large number of vendors are operating in the market, which results in high pressure on pricing strategies and a reduction in vendor margins.
One of the emerging trends in this market is the emergence of user-friendly technologies. These technologies reduce the number of hospital visits and help in close monitoring of patient’s physiological parameters.
According to the report, the Global Medical Technologies market is driven by several factors, of which the increase in the aging population is one of the major drivers. Elderly people require frequent monitoring and are more susceptible to debilitating diseases.
The report recognizes the following companies as the key players in the Global Medical Technologies Market: GE Healthcare, Johnson & Johnson, Medtronic Inc., Roche Diagnostics and Siemens Healthcare Diagnostics Inc.
This report covers the present scenario and the growth prospects of the Global Medical Technologies market for the period 2014-2018. To calculate the market size, the report considers revenue from the sales of preventive, diagnostic, treatment, alleviating, monitoring technologies; healthcare software and in vitro diagnostics used in diseased, injured or handicapped people. The report covers technologies for investigation, replacement or modification of anatomy and physiology such as Left Ventricular Assist Devices, robotic-assisted surgery, diagnostic imaging services, cervical disc replacements, Transcatheter Valve Replacements, intraocular lenses, renal denervation, mobile health and molecular diagnostics. The scope of this report excludes contract manufacturing organizations, contract research organizations and technologies which primarily act by exerting metabolic, immunological or pharmacological actions.
The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the Global Medical Technologies market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Other Prominent Vendors in the market are: Alere , B. Braun Melsungen , Baxter International , Becton, Dickinson , Boston Scientific, Danaher , Edwards Lifesciences, Essilor International, Getinge ,Hoya, NIDEK , Novartis , NuVasive , Koninklijke Philips ,Sanofi , Shimadzu , Smith & Nephew, St. Jude Medical , Stryker , Sysmex , Terumo , The Cooper Companies, Thermo Fisher Scientific, TOPCON, Toshiba, Zimmer Holdings.
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Key Market Driver
Key Market Trend
Further, the report states that one of the main challenges is the increase in pricing pressure. Low budget allocation for medical technologies has increased the pricing pressure on technology vendors. This, in turn, might decrease the market share of key vendors.
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