Medical Waste Management Market - A Brief Insight 2013 - 2019

The global Medical Waste Management Market was valued at USD 14.5 billion in 2012 and is expected to grow at a CAGR of 4.8% from 2013 to 2019, to reach an estimated value of USD 20.1 billion by 2019.

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Medical waste refers to the waste generated by various healthcare settings such as hospitals, nursing homes, physician offices, diagnostic laboratories, veterinary offices and pharmaceutical companies. Almost 75% to 80% of all waste generated by these sources is similar to general household and office waste, and consists of paper, plastic and other general materials. The remaining 20% to 25% of waste which is considered potentially harmful to humans as well as the environment needs to be properly disposed. It includes human or animal tissue, blood-soaked cotton or bandages, discarded scalpels and blades, surgical gloves, used needles, syringes, cultures, stocks, chemicals, and unused and expired pharmaceuticals. Poor handling and disposal of these wastes may expose healthcare professionals, patients, waste handlers and other people to infection and injuries.

In order to ensure safety from hazardous and infectious medical waste, governments of various countries have begun regulating its proper handling and disposal. For example, in the United States, medical waste is regulated by Environmental Protection Agency under the Resource Conservation and Recovery Act (RCRA), and by the European Commission in Europe. On violating regulations related to medical waste management, healthcare facilities are fined by the respective regulatory authorities. Such regulations compel hospitals and other healthcare settings to effectively manage medical waste generated by them and thereby, act as a growth driver for the medical waste management market.

Incineration has been the primary mode of treating medical waste across the globe since several decades; however, over the past few years, a steady decline has been observed in the number of incinerators being used, especially in countries like United States, Japan, Germany, France and the United Kingdom. Technological developments such as the advent of non-incinerating machines have been identified as another major factor driving growth of the medical waste management market. Non-incinerating technologies include thermal processes (autoclave), chemical processes, irradiative processes and mechanical processes.

The market for medical waste management is also experiencing growth worldwide owing to aging of population and overall growth in healthcare industry. As people age, they require increased medical attention and thus, contribute to the increasing amount of medical waste being generated in the treatment process. Globally, the healthcare industry is expanding at a steady rate and is characterized by rise in number of hospitals, out-patient offices, testing laboratories, dental offices, veterinary centers and pharmaceutical manufacturers. Continuous rise in the number of these healthcare facilities has eventually resulted into rise in amount of medical waste generated, and thus, has triggered market growth. On the other hand, factors such as high capital investment and regulations aimed at service providers may hamper market growth to some extent as they render the entry barrier at high level and thus, prevent new players from entering the market.

The medical waste management market has been segmented into collection, processing and disposal market segments, based on activity type. In 2012, collection accounted for the largest share of the overall medical waste management market revenue, followed by disposal and processing segments. Processing segment has been anticipated to grow at a fastest CAGR during the forecast period 2013 to 2109 due to technological developments leading to non-incinerating technologies. On the other hand, based on quantity of medical waste generated, the market has been segmented into large quantity generators (LQGs) and small quantity generators (SQGs). LQGs accounted for the larger share of the total market revenuein 2012; however during the forecast period, SQGs are expected to record the higher market growth.

In developed nations like United States, Canada, Germany, France, U.K., Italy and Spain, the market is growing owing to strict governmental regulations. However, in the developing nations of Asia-Pacific and Rest of the World, emerging economy coupled with rise in awareness level regarding the medical waste management will play a key role in driving market growth. The competitive landscape of medical waste management market consists of a large number of small players along with very few companies with international reach. Stericycle, Inc. was the largest stake holder in 2012 with a revenue share of more than 13% of the global market.

The global medical waste management market is segmented as follows:

Medical Waste Management Market, by Activity Type 

• Collection
• Processing
• Disposal

Medical Waste Management Market, by Waste Generators 

• Large Quantity Generators (LQGs)

• Small Quantity Generators (SQGs)

Medical Waste Management Market, by Geography 

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Operating Room Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

The global Operating Room Equipment Market was valued at USD 2.67 billion in 2012 and is expected to grow at a CAGR of 6.2% from 2013 to 2019, to reach an estimated value of USD 4.05 billion in 2019.

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Operating rooms around the globe are witnessing rapid transformation from conventional to hybrid state-of-the-art operation theatres, as this facility contributes majority share in revenue generation for hospitals. An operating room equipped with technically advanced equipment ensures better patient care and enhanced operational efficiency by empowering surgeons and other healthcare professionals with greater flexibility and ease of handling. Operating tables, operating room lights, surgical booms, operating room integration systems and surgical imaging displays are the most important equipment types found in an operating room.

An operating table is an indispensable part of an operating room that accommodates a patient in the best possible position (physically) during a surgical procedure. The operating tables market was the largest segment of the total operating room equipment market in 2012, with a revenue share of 30.6% and valued at USD 815.5 million. Surgical booms and operating room integration systems have been identified as the fastest growing segments during the forecast period due to increasing demand for hybrid operating rooms, which require these equipment for space management and proper equipment integration.

Factors such as continuous increase in the number of ambulatory surgical centers (ASCs) globally, growing demand for state-of-the-art hybrid operating rooms (especially from the developed markets of North America and Europe) and technical advances leading to product innovation have been anticipated to contribute in the growth of the overall operating room equipment market during the forecast period 2013 to 2019. Globally, rise in elderly population is also being considered as one of the major growth factors as it will indirectly boost the demand for operating room equipment. This is because; elderly population is more likely to undergo various surgical procedures than the younger population on account of their higher susceptibility to numerous health disorders. On the other hand, high cost associated with these equipment may prevent healthcare providers to replace existing equipment with the technically advanced equipment. This is especially true for hospitals operating on low budgets who prefer purchasing used or refurbished equipment.

In 2012, North America and Europe were the largest regional markets for operating room equipment. In both these regions, since most hospitals are already equipped with necessary operating room equipment, the market growth will largely rely on replacement of existing equipment with advanced automated versions and demand created by the increasing number of operating rooms. The rapidly evolving medical tourism industry has been identified as one of the key factors driving market growth in the Asia-Pacific region. The exponential rise in the number of patients coming to countries such as India, Thailand, South Korea and Malaysia for various surgical treatments at low cost is encouraging healthcare providers in these countries to equip themselves with the latest technologies in order to offer enhanced patient care to their foreign customers.

Getinge Group, Stryker Corporation, Steris Corporation, TRUMPF GmbH + Co. KG, Berchtold Corporation, Skytron, LLC, Karl Storz GmbH & Co. KG, Eschmann Equipment, Mizuho OSI and NDS Surgical Imaging, LLC are the major players in the operating room equipment market. Of these, Getinge Group, Stryker Corporation, Steris Corporation, TRUMPF GmbH + Co. KG led the market in terms of revenue, accounting for over 60% share of the total market revenue in 2012.

The global operating room equipment market is segmented as follows:

Operating Room Equipment Market, by Product Type

• Operating Tables
• Operating Room Lights
• Surgical Booms
• Operating Room Integration Systems
• Surgical Imaging Displays

Operating Room Equipment Market, by Geography

• North America
• Europe
•  Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Growth and factors of Deep Brain Stimulation Devices Market 2013 - 2019

Deep Brain Stimulation Devices Market was valued at USD 4.5 billion in 2012 and is expected to grow at a CAGR of 11.0% from 2013 to 2019, to reach an estimated value of USD 9.4 billion in 2019.

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Rising number of neurological disorders such ischemic stroke, Alzheimer's disease, essential tremors, trauma and especially Parkinsonism are primary factors responsible for the growth of deep brain stimulation devices market. Parkinson's disease is the second most common chronic and progressive neurodegenerative disorder characterized by postural instability, bradykinesia, akinesia and tremors due to loss of dopamine producing neurons in substantia nigra of mid-brain.

In addition, rise in geriatric population along with augmented demand for minimally invasive surgical techniques have boosted the overall growth of this market. Moreover, increase in preference of patients and healthcare professionals to adopt surgical DBS devices over drug therapy owing to its significantside effects and lack of effectiveness is further expected to drive the market in coming years.

According to the Parkinson's DiseaseFoundation (PDF), it has been estimated that approximately 10 million people worldwide and one million Americans are living with Parkinson's disease. Among these, in U.S. approximately 60,000 people are diagnosed with Parkinson's disease each year. There are different treatment options available for Parkinson's disease that include drug therapy, surgical therapy, physical therapy and stem cell therapy. However, DBS surgical therapy is mostly preferred in advanced stages of the disease while in early stages chemotherapy is used.

The global deep brain stimulation devices market is segmented geographically into North America, Europe, Asia-Pacific and Latin America. Among these, North America accounts for the largest market share of deep brain stimulation devices market and is valued to be more than USD 2billion in 2012 owing to rise in number of patients who are adopting surgical therapy for Parkinson's disease and rise in geriatric population. In addition, favorable government reimbursement policies and growing side effects from medication treatment are further expected toboost the growth of the market in this region. The market for North America is followed by Europe, Latin America and Asia-Pacific. Contributing factors for the lowest market share of deep brain stimulation devices in Asia-Pacific include lack of favorable government insurance policies and high cost for surgical treatment.

The major players of this market include Medtronic, Inc., St. Jude Medical, Inc. and Boston Scientific Corporation. Other companies active in this market include Sapiens Neuro, Aleva Neurotherapeutics SA, ANM Adaptive Neuromodulation GmbH, Synaptix, Neurosigma, Inc. and Neurospace. The DBS products of these "Other" players are not yet commercially available in the market since they are still under clinical trials. Companies are heavily focusing on introducing innovative products that are easy to use for physicians as well as patients. These companies are also aiming to make them more portable.

The globaldeep brain stimulation devices market for Parkinson's disease is segmented as follows:

Deep Brain Stimulation Devices Market, By Geography

•  North America
•  U.S.
• Canada
• Europe
•  Asia-Pacific
• Latin America

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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90 Sate Street, Suite 700

Albany, NY 12207

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Contraceptives Market Forecast 2012 to 2018

The global Contraceptives Market was valued at USD 16.0 billion in 2011 and is expected to grow at a CAGR of 5.5% from 2012 to 2018, to reach an estimated value of USD 23.3 billion in 2018.

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The growing prevalence of unwanted pregnancies across the globe especially in developed countries such as the U.S. will serve the market as a high impact rendering driver. This is principally due to the fact that governments of countries experiencing a rise in the prevalence of unwanted pregnancies are rigorously promoting the use of contraceptives to curb unnecessary healthcare expenditures associated with abortions. Some of the other drivers of the market include implementation of the Affordable Care Act in the U.S. which has accelerated the growth of the contraceptives market by widening the reimbursement options, rising number of initiatives undertaken by WHO, governments and other NGOs to elevate contraceptive related user awareness and rising global prevalence of sexually transmitted infections. The presence of a strong contraceptives product pipeline and the presence of large unmet contraceptive needs in emerging Asian and African economies will serve the global contraceptives market with future growth opportunities.

In the global contraceptives market by product types (drugs and devices), the contraceptive devices market held majority of the market share in 2011. Moreover, it is expected to exhibit the fastest growth rate during the forecast period owing to its high usage rates and the introduction of new and technologically advanced products such as Bayer's Skyla/Jaydess (a hormonal IUD) in 2012 in Europe and in 2013 in the U.S. The male contraceptive devices (male condoms) market held majority of the market share in 2011 at over 45% owing to its high usage rates induced by its easy-to-use features, cheap prices and high effectiveness. The subdermal contraceptive implants is one of the fastest growing segments in the global contraceptive devices market due to the rising popularity of cheap implants such as Sino-implant (II) and the price reduction of Bayer's Jadelle.

Oral contraceptive pills are the most popular form of temporary birth control and it held majority of the market share in 2011. The global topical contraceptives market is the second fastest growing market after contraceptive pills. Its growth rate is justified by the possible introduction of new products such as AG200-15 by Agile Therapeutics in 2014.

The North American contraceptives market held majority of the market share in 2011 on account of high contraceptive drug usage rate in the region. In addition, the Asian contraceptives market is the fastest growing one due to presence of high unmet contraceptive needs in this region coupled with the rapidly developing economies of India and China.

Some of the key players in the market include Bayer, Church & Dwight Company, Warner Chilcott Company, Agile Therapeutics, BioSante Pharmaceuticals, Mayer Laboratories and others.

The global contraceptive market is categorized into the following segments:

§  Contraceptives Market by Products

§  Contraceptive Drugs

·         Oral Contraceptive Pills

·         Contraceptive Injectables

·         Topical Contraceptives

§  Contraceptive Devices

·         Male Contraceptive Devices (Male Condoms)

·         Female Contraceptive Devices

·         Female Condoms

·         Diaphragms

·         Sponges

·         IUDs

·         Hormonal IUDs

·         Copper IUDs

·         Subdermal Contraceptive Implants

·         Vaginal Rings

§  Contraceptives Market by Geography

·         North America

·         Europe

·         Asia-Pacific

·         Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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Neurology Devices Market Forecast 2013 - 2019

The global Neurology Devices Market was valued at USD 5.0 billion in 2012 and is expected to grow at a CAGR of 15.4% from 2013 to 2019, to reach an estimated value of USD 13.6 billion in 2019.

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Rising number of neurological disorders such ischemic stroke, Alzheimer's disease, Parkinsonism, glioblastomas (brain cancer), multiple sclerosis and trauma are primary factors responsible for the growth of neurological devices market. Moreover, rise in geriatric and obese population along with augmented demand for minimally invasive surgery techniques have boosted the overall growth of this market. In addition, preference of patients to adopt neurological devices over drugs has been a growing trend, owing to lack of effectiveness and considerable side effects of these drugs.

Lack of reimbursement and unfavorable taxation policies of the U.S. and European governments have negatively affected the growth of this market. Companies in these regions are now vying for growth in emerging markets like India, China and Brazil. Rise in GDP and allocation of healthcare funds in emerging markets such as Asia and Latin America are also aiding the growth. The major players in this industry are also facing stiff competition from the regional manufacturers of these countries. However, significant R&D and branding of these products is helping these companies in improving their bottom line. Companies are heavily focusing on introducing innovative products that are easy to use for physicians as well as patients and are aiming to make them more portable. The indomitable players of this market are Medtronic, St.Jude, Boston Scientific, Covidien and Integra.

The neurostimulation devices market segment was valued to be the largest market and anticipated to grow at the highest growth rate of over 15% from 2013 to 2019. The interventional neurology devices market segment is also expected to foresee a healthy growth. The rise in interventional devices has been attributed to rising incidence of aneurysms and stroke thus compelling the demand for these devices.

The neurothrombectomy devices market was valued to be more than USD 60 million in 2012 and is expected to grow at the highest growth rate of over 15% from 2013 to 2019 of the entire interventional neurology market. Whereas, the sacral nerve stimulation market of the overall neurostimulation market is expected to have a healthy growth rate of over 20% from 2013 to 2019. This growth is primarily attributed to raise in demand for urinary and fecal incontinence devices.

Geographically the North American market accounted for the largest share of neurology devices and is valued to be more than USD 3.0 billion in 2012. However, Asian countries namely India and China are witnessing fast growth and are predicted to emerge as dominating markets in the near future owing to rise in awareness of neurological diseases and increased disposable income in these nations.

The major players of this market include Medtronic, Integra, Covidien, Johnson and Johnson, St.Jude, Boston Scientific and others.

The global neurology devices market is segmented as follows:

Neurology Devices Market, By Types

• CSF Management Devices
• CSF Shunts
• CSF Drainage
• Interventional Neurology Devices
• Neurothrombectomy
• Cerebral Balloon Angioplasty and Stents
• Aneurysm Coiling
• Neurovascular catheters
• Neurosurgery Devices
• Neuroendoscopes
• Stereotactic Systems
• Ultrasound Aspirators
• Aneurysm Clips
• Neurostimulation Devices
• Spinal Cord Stimulation
• Vagus Nerve Stimulation
• Deep Brain Stimulation
• Sacral Nerve Stimulation
• Gastric Nerve Stimulation

Neurology Devices Market, by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Web: http://www.transparencymarketresearch.com/

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