Medi-Tech Insights

  The global refurbished ultrasound devices market is set to witness a CAGR of ~8% in the next 5 years.  Cost effectiveness & affordability of refurbished ultrasound devices, rising demand for ultrasound imaging, growth in used medical equipment industry, sustainability & circular economy benefits, growing adoption in emerging markets, and favorable regulatory trends, are some of the key factors driving the refurbished ultrasound devices market.  Refurbished ultrasound machines or used ultrasound machines are imaging systems that were owned by someone else and have gone through a verification, for any repair needs, parts replacements, calibration, and quality checks so as to allow them to be re-sold as new. Refurbished ultrasound machines go through rigid refurbishing processes to ensure they meet OEM specifications for use. Refurbished ultrasound machines are generally used in diagnostic imaging in cardiology, obstetrics, and abdominal imaging. Refurbished ult...

  The global orthopedic implants market is expected to grow at a CAGR of ~4% during the forecast period.  Increasing geriatric population, rising incidence of chronic conditions such as osteoarthritis and osteoporosis, growing number of road accidents and sports injuries, advancements in biomaterials and 3D printing technologies, and increasing demand for minimally invasive orthopedic procedures are some of the key factors driving the market growth. However, higher costs of orthopedic implants are still a major constraint for the growth of the orthopedic implants market.  The orthopedic implants market refers to the segment of the medical device industry that develops, manufactures, and sells implants used to support or replace damaged bones, joints, or cartilage. These implants are crucial in treating orthopedic disorders caused by trauma and degenerative diseases (like arthritis). The market includes a variety of products such as joint reconstruction implants (hip, k...

  The global laboratory automation market is set to witness a growth rate of ~7% during the forecast period.  Integration of automation, AI, & machine learning (ML) in laboratory workflows, transformative benefits of laboratory automation, technological innovations in automation technology, and rising spending on healthcare are some of the key factors driving the growth of the global laboratory automation market. However, skill gap in technology, lack of skilled and trained healthcare professionals, and slow adoption of automation by small & medium-sized laboratories might impact the global market growth.  Laboratory automation is the integration of automated systems and software to carry out laboratory procedures with little or no human intervention. The repetitive work in labs like preparing samples, running tests, or logging data, can now be handled by automated systems. This will simplify and streamline laboratory workflows, and enhance the laboratories’ pr...

  The global Vision Impairment Devices Market is expected to grow at a rate of 8% to reach $5.5 billion by 2026.   Increasing number of visual impairment & blindness, growing prevalence of eye disorders (such as diabetic retinopathy, refractive error, glaucoma, and cataract), rising awareness regarding assistive technologies for the visually challenged, and growing government initiatives for awareness & funding for the advanced devices are some of the key factors driving the growth of vision impairment devices market. However, a stringent regulatory requirement is a key challenge hindering the growth of the global visual impairment devices market. Vision Impairment is the limitation of one or more eye functions or visual systems. This can range from mild vision impairment to total blindness. The most common causes of visual impairment are uncorrected refractive errors (near-sightedness, far-sightedness, presbyopia, and astigmatism), cataract...

  The global 3D printing medical implants market is expected to grow at a CAGR of ~18% during the forecast period.  Advancements in 3D printing technology, increasing orthopedic and dental procedures, rising adoption in emerging markets, and a global aging population are key factors driving the market growth. However, regulatory changes and approval delays are major constraints for the 3D printing medical implants market.  3D printing is transforming the medical implant industry by enabling the fabrication of personalized, complex, and highly functional devices. The technique allows precise customization based on patients’ anatomical data, improving the outcomes. It is widely used for orthopedic implants (e.g., hip, knee, and spinal devices), dental implants, and cranial implants, which are built using titanium alloy and biocompatible polymers, ensuring strength and compatibility with the human body. The technology provides better support, bone integration and reduces ...

  The global laboratory automation market is set to witness a growth rate of ~7% during the forecast period.  Integration of automation, AI, & machine learning (ML) in laboratory workflows, transformative benefits of laboratory automation, technological innovations in automation technology, and rising spending on healthcare are some of the key factors driving the growth of the global laboratory automation market. However, skill gap in technology, lack of skilled and trained healthcare professionals, and slow adoption of automation by small & medium-sized laboratories might impact the global market growth.  Laboratory automation is the integration of automated systems and software to carry out laboratory procedures with little or no human intervention. The repetitive work in labs like preparing samples, running tests, or logging data, can now be handled by automated systems. This will simplify and streamline laboratory workflows, and enhance the laboratories’ pr...