The increasing R&D investments by key players for advanced electromedical devices is expected to facilitate the growth of the global electromedical devices market, says Fortune Business Insights in a report, titled “Electromedical Devices Market”, Size, Share and Global Trend By […]
The increasing R&D investments by key players for advanced electromedical devices is expected to facilitate the growth of the global electromedical devices market, says Fortune Business Insights in a report, titled “Electromedical Devices Market”, Size, Share and Global Trend By Application (Dental, Ophthalmology, Cardiovascular, Orthopedic), Device Type (Diagnostic Imaging Devices, Patient Assistive Devices, Surgical Devices), End Users (Clinics, Hospitals, Home Care Settings) and Geography Forecast till 2025” The surge in FDA approvals for new electromedical devices is likely to create lucrative sales opportunities for the market.
According to the report, the rising Food and Drug Administration approvals are predicted to bolster healthy growth of the market in the forthcoming years. For instance, in 2018, the Food and Drug Administration approved an estimated 106 new electromedical devices as compared to 99 in 2017. These approvals include class I, class II and class III electromedical devices. Furthermore, the increasing focus of market players to offer highly customer-centric products is one of the key factors contributing to the electromedical devices market revenue. In addition, the launch of Watchman left atrial appendage closure device by Boston scientific corporation is expected to stimulate the growth of the market during the forecast period. For instance, in 2017, Boston Scientific Corporation developed Watchman left atrial appendage closure device, which has the potential of reducing the risk of stroke in non-valvular atrial fibrillation (NVAF) patients.
The report offers valuable insights into all the prevailing trends of the size electromedical devices market size. It shares a complete summary of all the segments and provides analytical data on the various aspects of the market. It is designed after extensive research followed by comprehensive analysis to support companies, stakeholders, financers, and potential investors. It also provides a crystal clear picture of the market size. Besides, the report involves the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others.
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Strategic Collaboration Between GE Healthcare and Avalon GloboCare to Spur Growth Opportunities
Avalon GloboCare Corp, a leading clinical-stage global developer of cell-based technologies and therapeutics, announced a strategic partnership with GE Healthcare. The strategic partnership is predicted to boost the Avalon’s standardization and bio-production for clinical-grade Chimeric Antigen Receptor (CAR)-T cells. The partnership is anticipated to propel the growth of the market in the forthcoming years due to the high production of immune-effector cells for cellular immunotherapy, as well as exosomes/extracellular vesicles (EV) based on regenerative therapeutics. Furthermore, the launch of advanced carbon fiber racing wheelchair for rehabilitation patients is expected to enable healthy growth of the market in the foreseeable future. For instance, Invacare Corporation launched the Eliminator NRG Racing Wheelchair. It is the company’s fastest, lightest, stiffest, and most responsive ride available, which is designed especially for elite racers and rehabilitation patients. Invacare Corporation, one of the prominent players in the medical equipment market, launched an advanced carbon fiber racing wheelchair for rehabilitation patients.
Leading Players operating in the Electromedical Devices Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- GENERAL ELECTRIC COMPANY
- Siemens AG
- Koninklijke Philips N.V.
- Johnson & Johnson Services, Inc.
- Cardinal Health
- 3M Smith & Nephew
- Boston Scientific Corporation
- Braun Melsungen AG
- Zimmer Biomet
- Stryker and others.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Electromedical Devices Market. Please visit:https://www.fortunebusinessinsights.com/industry-reports/electromedical-devices-market-100352
Developed Healthcare Infrastructure Will Enable Growth in North America
Geographically, the global electromedical devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the electromedical devices market share during the forecast period owing to the developed healthcare infrastructure. Higher per capita healthcare expenditure, followed by higher accessibility for electromedical devices is projected to augment the growth of the market in North America. Europe is expected to witness a high growth rate during the forecast period owing to the increasing adoption of electromedical devices and the rising emphasis on early detection of diseases. Moreover, rapidly developing home healthcare infrastructure, especially in European nations, is projected to create growth opportunities for the market. The market in Asia Pacific is expected to witness considerable growth owing to the increasing awareness about electromedical devices due to its benefits. In addition, the growing purchasing power of patients in emerging nations is expected to boost the electromedical devices market trends in the region.
Segmentation of the Global Electromedical Devices Market :
By Device Type
- Diagnostic Imaging Devices
- Patient Assistive Devices
- Surgical Devices
By End User
- Home Care Settings
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Reasons to Purchase this Report:
- Comprehensive analysis of the Electromedical Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What are the key technological and Electromedical Devices Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Electromedical Devices Market growth?
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