2012 Healthcare Research Review
THIS RESEARCH REVIEW PROVIDES
- Overview of the continuous glucose monitoring (CGM) market including critical issues such as technological developments, geographic trends, market dynamics, adoption trends, competitive intelligence and market revenue forecasts.
- Overview of the tissue engineering and regeneration industry, including description of existing products, new and potential markets for novel therapies and treatments.
- Overview of the medical lasers, including description of components of lasers, effects of lasers on human tissue and medical treatments using lasers.
While the sharp rise in costs has slowed, the high burden of paying for healthcare insurance was front and center during the U.S. presidential election cycle. Cost savings have become almost a product feature, and the term “preventative medicine” has begun to emerge from the shadowy world of public health.
These trends place greater emphasis for manufacturing sectors in diagnostics and imaging procedures. A broad group of technologies known as molecular imaging has begun to surge, and Bluetooth technologies have sprung up alongside to take advantage of the possibilities that telemedicine has been promising for several years. Large computer and semiconductor companies like Qualcomm, Oracle and IBM have poured resources into positioning themselves to exploit the new paradigm of cloud-based care, where the physician examines the patient’s wirelessly generated data in the context of both the patient’s lifestyle and also the statistics of those with similar pathology and sequelae.
This Healthcare Research Review provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision making since BCC was founded in 1971. It includes highlights of reports published in 2012 on the following healthcare markets:
- Global Markets and Technologies for Medical Lasers.
- Nanotechnology in Medical Applications: The Global Market.
- Global Markets for Telemedicine Technologies.
- Point of Care Diagnostics.
- Continuous Glucose Monitoring (CGM): Technologies and Global Markets.
- Tissue Engineering and Regeneration: Technologies and Global Markets.
We hope you find this Research Review valuable, and we look forward to serving our customers’ healthcare market research needs.
- The worldwide endoscopy market was $23.3 billion in 2010 and is projected to reach nearly $24.8 billion in 2011. This market is further anticipated to increase to $33.7 billion by 2016 at a compound annual growth rate (CAGR) of 6.4%.
- The total market for clinical healthcare information technologies was more than $6.3 billion in 2010. The market is projected to grow to approximately $7.4 billion in 2011 and $17.5 billion in 2016, a CAGR of 18.7% over the next five years.
- The global market for microelectronic medical implants was worth an estimated $15.4 billion in 2010. The market is projected to grow to $16.3 billion in 2011 and $24.8 billion in 2016, a CAGR of 8.8%, between 2011 and 2016.
The global market for medical imaging systems is estimated to be $17 billion in 2009 and is forecast to grow at a compound annual growth rate (CAGR) of 5.8% from 2009 to 2014. Ultrasound systems comprise 29% of the global medical imaging systems market. X-ray systems are next, with a 24% share. Positron emission tomography has seen growth but it is the smallest segment. The X-ray market is growing well due to the introduction of digital technology.
BCC Research estimates that technological improvements and changes in health care cost control will cause the demand for medical device sensors to increase at a compound annual growth rate (CAGR) of 3.1% between 2009 and 2014, when it will approach $9 billion. Perhaps more important, much of the growth will be in one class of technology—semiconductor/MEMS sensors—which will experience a 5% CAGR as the three older technologies see minimal growth or even a decrease.
The sleep aids markets reached revenues of $25 billion in 2009. The United States is overwhelmingly the leader in the worldwide market for sleep aids due to lifestyle pressures, more disposable income, and education about sleep disorders. The worldwide economic climate adversely affected the market in 2008 and 2009. However, industry experts anticipate that the recovery will be slow but steady from 2010 to 2014. Revenues are anticipated to reach $33.2 billion in 2014, growing at a compound annual growth rate (CAGR) of 5.8% over the forecast period of 2009 to 2014.
- The home use segment of the U.S. medical diagnostic kits market is expected to increase from $6.2 billion in 2008 to $10.3 billion in 2013, a compound annual growth rate (CAGR) of 10.2%.
- The global market for minimally invasive surgery devices and equipment is expected to rise from $15.8 billion in 2009 to $23 billion in 2014, for a CAGR of 7.8%.
- The target therapy segment of the global cancer therapy market is projected to grow from $22.9 billion in 2008 to $69.1 billion in 2013, for a CAGR of 24.7%.
- The professional equipment and supplies segment of the U.S. dental market is projected to grow at a CAGR of 5.8% from 2008 to 2013, with revenue increasing from $3.2 billion to $4.2 billion.
- The U.S. tissue transplantation market (that is, corneas, bone grafts, blood and bone marrow, heart valves, and skin and skin replacement products) totaled more than $9.2 billion in 2007 and is projected to grow at a CAGR of 6.5% to $14.3 billion by 2013.
- The vision and reading aids segment amounts to more than two-thirds of the disabled and elderly assistive technologies market in the U.S. It totaled $26.1 billion in 2008.
- The global medical device coatings business will experience a CAGR of 9.9% between 2009 and 2014, when it is forecast to reach $7.5 billion.
- The chronic illnesses segment is projected to account for more than two-thirds of $80 billion global pediatric healthcare market in 2013.