Hospice Care Global Market Report 2023 – By Type (Nursing Services, Medical Supply Services, Physician Services, Other Type Of Services), By Application (Home Settings, Hospitals, Specialty Nursing Homes, Hospice Care Centres) – Market Size, Trends, And Global Forecast 2023-2032

Medical equipment are devices that can be instrument, apparatus or machine that can be used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting or modifying the structure or function of the body for health purpose. The main types of medical equipment are in-vitro diagnostics, dental equipment and supplies, ophthalmic devices, diagnostic imaging equipment, cardiovascular devices, hospital supplies, surgical equipment, orthopedic devices, patient monitoring devices, diabetes care devices, nephrology and urology devices, ENT devices, anesthesia and respiratory devices, neurology devices, and wound care devices. In-vitro diagnostics are tests done on samples like blood or tissue that is taken from the human body. In-vitro diagnostics will detect diseases or other conditions and are used to monitor a person’s overall health to cure, treat, or prevent diseases. The type of expenditure involved is public and private. The various product are instruments/equipment and disposables. The various end users involved are hospitals and clinics, homecare, diagnostics centres, and others. The global medical equipment market is segmented - 1) By Type: In-Vitro Diagnostics, Dental Equipment And Supplies, Ophthalmic Devices, Diagnostic Imaging Equipment, Cardiovascular Devices, Hospital Supplies, Surgical Equipment, Orthopedic Devices, Patient Monitoring Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices 2) By Type of Expenditure: Public, Private 3) By Product: Instruments/Equipment, Disposables 4) By End User: Hospitals And Clinics, Homecare, Diagnostics Centers, Other End Users Subsegments Covered: Point-of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Clinical Chemistry Diagnostics Devices And Equipment, Molecular Diagnostics Devices And Equipment, Microbiology Diagnostic Devices And Equipment, Hemostasis Diagnostic Devices And Equipment, Hematology Diagnostic Devices And Equipment, Immunohematology Diagnostic Devices And Equipment, Therapeutic Dental Equipment, General Dental Devices And Equipment, Dental Diagnostic Imaging Devices And Equipment, Dental Surgical Devices And Equipment, Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment, X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment, Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment, Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment, Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment, Joint Reconstruction Devices And Equipment, Spinal Surgery Devices And Equipment, Trauma Fixation Devices And Equipment, Orthobiologics Devices And Equipment, Arthroscopy Devices And Equipment, Orthopedic Braces And Support Devices And Equipment, Craniomaxillofacial (CMF) Devices And Equipment, Orthopedic Prosthetics, Orthopedic Accessories,, Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices And Equipment, Vital Parameter Monitoring Devices And Equipment, Remote Patient Monitoring Devices And Equipment, Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters, Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment, Endoscopy Devices And Equipment, Hearing Aid Devices And Equipment, Hearing Diagnostic Devices And Equipment, ENT Surgical Devices And Equipment, Hearing Implants, Voice Prosthesis Devices And Equipment, Nasal Splints, Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables, Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices, Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices The global medical equipment market grew from $639.75 billion in 2022 to $695.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical equipment is expected to grow to $922.39 billion in 2027 at a CAGR of 7.3%. The rise in sedentary jobs, busy lifestyles, and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes, and cardiovascular diseases. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020. This is increasing the demand for medical devices used in the diagnosis, prognosis, and treatment of several diseases, thereby driving the demand for medical equipment. These factors are expected to increase the patient pool globally, thereby driving the growth of the medical equipment market during the forecast period. Major companies in the medical equipment market include Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson, Siemens AG, STRYKER CORPORATION, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd., and Boston Scientific Corporation. Regulatory changes are likely to lead to increased costs relating to new product development and service offerings to clients. These changes are related to customer data protection such as the European Union's General Data Protection Regulation (GDPR), changes to equipment approval procedures, and other regulatory changes. For instance, according to cookieyed data 2021, in the US, PwC reported that 68% of 200 businesses surveyed intended to spend between $1 million and $10 million to comply with GDPR regulations. The GDPR regulation is an EU law on data protection and privacy of individuals residing in the European Union and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA areas. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k)s by over 55% over the last decade. The potential loss of revenue due to delays in product release and additional costs incurred due to stringent approval processes puts a strain on investments relating to new product development, thereby affecting the growth of the medical equipment market. Device performance and patient data are available to healthcare service providers and are helping them to improve patient monitoring and overall care quality. Some companies are integrating medical equipment market data with EMR (Electronic Medical Records) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing, and security technologies. For example, Medtronic launched a tool to augment their cardiac devices to securely transfer device data to doctors and allow them to monitor the critical health indicators of their patients. North America was the largest region in the global medical equipment market in 2022. Asia-Pacific was the second largest region in the global medical equipment market share. The regions covered in the medical equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The medical equipment market consists of sales of devices used in the diagnosis, treatment and monitoring of medical conditions. The market includes diagnostic devices, imaging devices, surgical devices and patient monitoring devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in the medical equipment market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified medical equipment market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the medical equipment market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical equipment market research report is one of a series of new reports from The Business Research Company that provides medical equipment market statistics, including medical equipment industry global medical equipment market size, regional shares, competitors with a medical equipment market share, detailed medical equipment market segments, medical equipment market trends and opportunities, and any further data you may need to thrive in the medical equipment industry. This medical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical waste management refers to services that provide collection, transportation, storage, and recycling of waste. Biomedical waste is generated during the diagnosis, treatment, and immunization of human beings or other living beings from healthcare facilities. The main types of medical waste management are bio-hazardous/infectious waste, non-hazardous waste, sharps, pharmaceutical, radioactive, and others. Any garbage containing infectious materials or potentially contagious compounds such as blood is classified as biohazardous waste, often known as infectious waste or biomedical waste. The different types of treatments include incineration, autoclaving, chemical treatment, and others, and provide various services such as onsite services, and offsite services. The several applications include hospitals, clinics, ambulatory surgical centers, pharmaceutical companies, biotechnology companies, and others. The global medical waste management market is segmented - 1) By Type: Bio-Hazardous/Infectious Waste, Non-Hazardous Waste, Sharps, Pharmaceutical, Radioactive, Other Types 2) By Treatment: Incineration, Autoclaving, Chemical Treatment, Other Treatments 3) By Services: Onsite Services, Offsite Services 4) By Application: Hospitals, Clinics, Ambulatory Surgical Centres, Pharmaceutical Companies, Biotechnology Companies, Other Applications The global medical waste management market size grew from $17.03 billion in 2022 to $17.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical waste management is expected to grow from $21.7 billion in 2027 at a CAGR of 4.9%. The rise in the use of disposable medical products in healthcare facilities is expected to drive the medical waste management market. In a healthcare setting, most of the products used are meant for single-use to limit cross-contamination among patients and decrease hospital-acquired infection. The use of single-use or disposal products surged due to the COVID-19 pandemic outbreak. The widely used disposables like surgical gloves, disposable bed sheets, masks, surgical gowns, syringes, intravenous saline bags, and others account for most of the hospital waste. Therefore, the rise in the use of disposable medical products is expected to drive the growth of medical waste management market. Major players in the medical waste management market are Waste Management (WM), Citiwaste, Sanpro Waste, MedPro Waste Disposal, Sharps Compliance, BioServeUSA, BioMedical Waste Solutions, PureWay Total Compliance, Medasend, Veolia Environnement, Clean Harbors, EnviCare, and Battelle. Low awareness among developing countries is limiting the growth of the medical waste management market. Inadequate knowledge of healthcare professionals and sanitation health workers on biomedical waste regulations and medical waste management protocols is causing improper segregation of waste which is leading to increased hazardous waste, needle prick injuries, and infections like hepatitis which is increasing the load on the medical waste management companies. Infectious waste (or hazardous medical waste) constitutes around 15 to 25% of total healthcare waste. According to the World Health Organization (WHO), in low-income countries, healthcare waste is not separated into hazardous and non-hazardous waste which is causing an increase in the actual quantity of hazardous waste. Therefore, such a lack of awareness in developing countries is hindering the growth of the medical waste management market. Recycling is expected to become a key trend in medical waste management. The ongoing medical supplies shortage due to the COVID-19 pandemic has resulted in the need for more sustainable recycling of medical products. Battelle Critical Care Decontamination System, which was approved in April 2020 by Food and Drugs Administration (FDA), uses hydrogen peroxide for the decontamination of N95 respirators and PPE kits. In April 2021, Aurora Capital Partners, a US-based private equity firm, acquired Curtis Bay Medical Waste Services for an undisclosed amount. This acquisition by Aurora Capital Partners would support Curtis Bay Medical Waste Services to enter in next stage of expansion. Curtis Bay Medical Waste Services is a US-based company providing services for the collection, treatment, and disposal of medical waste. In addition to operating the largest medical waste incinerator in the country, the Curtis Bay Medical Waste Services is the only facility in the Northeast that converts infectious/biomedical substances and non-hazardous pharmaceuticals into innocuous waste. Asia-Pacific was the largest region in the medical waste management market in 2022. North America was the second-largest region in the global medical waste management market share. The regions covered in the global medical waste management market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Medical waste management consists of revenues earned by entities by providing services such as waste treatment and disposal. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products. The medical waste management market research report is one of a series of new reports from The Business Research Company that provides medical waste management market statistics, including the medical waste management industry global market size, regional shares, competitors with a medical waste management market share, detailed medical waste management market segments, market trends and opportunities, and any further data you may need to thrive in the medical waste management industry. This medical waste management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical tubing refers to a small intricate, customized tube used to transfer fluids to and from the body as well as to administer devices. Medical tubes are manufactured in a sterile environment with no risk of contamination as they are commonly used in anesthesia and respiratory apparatus, IVs, catheters, peristaltic pumps, biopharmaceutical laboratory equipment, and others for fluid management and drainage. The main types of medical tubing include silicone, polyolefins, polyvinyl chloride, polycarbonates, fluoropolymers, and others. Silicone medical tubes refer to medical tubes made from tear-resistant Silastic biomedical grade platinum-cured elastomer. These medical tubes are widely used in medical implants, catheters drain, feeding tubes, and other medical devices. They are used for bulk disposable tubing, drug delivery systems, catheters, biopharmaceutical laboratory equipment, and other applications in hospitals, clinics, ambulatory surgical centers medical labs, and other end users. The global medical tubing market is segmented - 1) By Product: Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products 2) By Application: Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Laboratory Equipment, Other Applications 3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Medical Labs, Other End-Users The global medical tubing market size grew from $10.7 billion in 2022 to $11.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical tubing is expected to grow to $17.19 billion in 2027 at a CAGR of 9.8%. The rising cases of respiratory diseases are driving the growth of the medical tubing market. Respiratory diseases such as asthma, lung cancer, pulmonary fibrosis, and others are caused by tobacco smoking, air pollution, allergens, and occupational risks. Increasing respiratory diseases are expected to strengthen the demand for medical tubes as they are an essential component of ventilators that facilitate breathing. For instance, according to the study published in the Centers for Disease Prevention and Control, the percentage of COPD, emphysema, or chronic bronchitis, among adults aged above 18 years in the USA increased from 4.6% in 2019 to 5.0% in 2020. Thus, the rising cases of respiratory diseases will propel the growth of the medical tubing market. Major players in the medical tubing market are Saint-Gobain, Freudenberg Medical LLC, WL Gore and Associates Inc., Avient Corporation, Raumedic AG, Lubrizol Corporation, Elkem ASA, Dow Corning Corporation, Nordson Corporation, Teknor Apex, Optinova, Microlumen, Fine Tubes Ltd., Davis Standard, and B Braun. Product innovation is a key trend gaining popularity in the medical tubing market. Key players are focusing on launching new innovative medical tubes with innovative features to improve the outcome of the usage. The companies are utilizing advanced manufacturing processes and the latest technologies to launch innovative medical tubes, which are unique and designed to be effective and efficient. The braided medical tube is one of the most distinctive innovations now in use. The peculiarity of the braided tube's design ensures and expands the capabilities of catheters and medical tubing. A braided tube is an excellent approach for improving the flexibility and strength of existing medical equipment. Braided tubing is utilized in various medical operations including cardiovascular and neurovascular surgery and endoscopic treatments involving the gastrointestinal digestive system. For instance, In January 2021, Zeus Industrial Products, Inc., a South Carolina-based provider of polymer solutions launched braid and coil reinforced polyamide tubing, which assists design engineers to utilize key properties such as torque ability, flexibility, and strength in development of new catheter designs. In March 2021, Catheter and Medical Design, a US-based provider of extrusion braid/coil reinforced catheter shafts to the global medical device industry, acquired VitalDyne Medical for an undisclosed amount. With this acquisition, Catheter & Medical Design will own VitalDyne's laser cutting, welding, micromachining, and final device production capabilities, complementing the company's manufacturing capabilities. VitalDyne Medical is a US-based manufacturer of unique, highly sophisticated catheter solutions including disposable tubing sets. North America was the largest region in the medical tubing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical tubing market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical tubing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The medical tubing market consists of sales of urinary catheters and vascular catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical tubing market research report is one of a series of new reports from The Business Research Company that provides medical tubing market statistics, including medical tubing industry global market size, regional shares, competitors with a medical tubing market share, detailed medical tubing market segments, market trends and opportunities, and any further data you may need to thrive in the medical tubing industry. This medical tubing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical composites refer to a combination of two or more materials that are distinctive from each other in terms of physical and chemical properties. The medical composites are used in diagnostic imaging, biological resurfacing of damaged areas, surgical applications, and dental implants. The main types of medical composites are carbon fiber, ceramic fiber, and other fiber types. Ceramic fibers are small-dimension filament or thread composed of a ceramic material, usually alumina and silica, used in lightweight units for electrical, thermal, and sound insulation. The process used are wet lamination, prepreg, and other processes. The various applications involved diagnostic imaging, composite body implants, surgical instruments, dental, and other applications. The global medical composites market is segmented - 1) By Fiber Type: Carbon Fiber, Ceramic Fiber, Other Fiber Types 2) By Process: Wet Lamination, Prepreg, Other Process 3) By Application: Diagnostic Imaging, Composite Body Implants, Surgical Instruments, Dental, Other Applications The global medical composites market size grew from $1.14 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical composites is expected to grow to $2 billion in 2027 at a CAGR of 11.8%. The increase in demand for medical composites from the healthcare sector is expected to propel the growth of the medical composites market going forward. The healthcare sector is consisting of businesses that provide medical and clinical services, the development of medical devices and medicines, and medical insurance for the treatment of patients’ diseases. The demand for medical composites in the healthcare sector is increasing due to the rising need for medical instruments. For instance, in 2020, The Observatory of Economic Complexity (OEC), a Brazil-based data visualization and distribution platform that provides economic activities of the world, the total production trade value of medical instruments was $133 billion across the globe in the world. Therefore, the increasing demand for medical composites from the healthcare sector is driving the growth of the medical composites market. Major players in the medical composites market are The 3M Company, Toray Industries Inc., SGL Carbon SE, CeramTec GmbH, Composiflex Inc., Dentsply Sirona Inc., Mitsubishi Chemical Holdings Corporation, Avient Corporation, Zeus Industrial Products Inc., Kulzer GmbH, Kaman Corporation, Den-Mat Holdings LLC, Ivoclar Vivadent Inc., Tokuyama Dental Corporation Inc., Quantum Composites Inc., Teijin Limited, Dental Technologies Inc. Technological advancements are a key trend gaining popularity in the medical composite market. Major companies operating in the medical composites market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Nobio, an Israel-based company operating in medical composites, launched Infinix, a brand-new collection of advanced antimicrobial restorative materials created to combat recurring deterioration. Nobio's new QASi™ antimicrobial particle technology is a part of the infinix system used in the universal and flowable composites and the universal bonding system. The new restorative materials with QASi™ antimicrobial particle technology is utilized for preventing tooth demineralization, providing long-lasting bacterial inhibition at the restorative margins, and decreasing restoration failure because of secondary caries. In June 2021, The Gund Company Inc., a USA-based manufacturing company specializing in engineered material solutions acquired Power & Composite Technologies, LLC for an undisclosed amount. This acquisition would help The Gund Company to increase its product portfolio in medical composites and material solutions for medical devices. Power & Composite Technologies, LLC is a US-based company operating in medical composites. North America was the largest region in the medical composites market in 2022. The regions covered in this medical composites share market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical composites market consists of sales of polymer matrix composites, carbon matrix composites, metal matrix composites, and ceramic matrix composites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical composites market research report is one of a series of new reports from The Business Research Company that provides medical composites market statistics, including medical composites industry global market size, regional shares, competitors with a medical composites market share, detailed medical composites market segments, market trends and opportunities, and any further data you may need to thrive in the medical composites industry. This medical composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical and diagnostic laboratory services are services that provide diagnostics tests for various diseases. The tests are used for detecting if the person has encountered the disease. Medical and diagnostic laboratory services makes it possible to deliver prompt, affordable, and high-quality diagnostic services in secure settings. The main types of medical and diagnostic laboratory services are diagnostic imaging centres and medical laboratory services. A diagnostic imaging center is a service provider that offers technical or comprehensive diagnostic imaging services. The different expenditure types include public and private that are used in various applications such as cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology, and others. The services are used by males and females. The global medical and diagnostic laboratory services market is segmented - 1) By Type: Diagnostic Imaging Centers, Medical Laboratory Services 2) By Application: Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications 3) By End User Gender: Male, Female 4) By Type of Expenditure: Public, Private Subsegments Covered: Computer Tomography (CT-Scan) Centers, Medical Radiological Laboratories, Dental or Medical X-Ray Laboratories, Ultrasound Imaging Centers, Magnetic Resonance Imaging (MRI) Centers The global medical and diagnostic laboratory services market grew from $169.87 billion in 2022 to $183.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical and diagnostic laboratory services market is expected to grow to $240.86 billion in 2027 at a CAGR of 7.0%. The rise in sedentary jobs, busy lifestyles, and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes, and cardiovascular diseases. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence rose by 57% globally, in 2020. Tests to diagnose these diseases include HbA1c tests for monitoring diabetes, biopsies, tumor marker tests, bone scans, MRI and CT scans for diagnosis of various cancers, electrocardiograms, chest X-rays, cardiac CT scans, and stress tests for detection of cardiovascular diseases. The increase in the prevalence of lifestyle diseases will increase the demand for tests to diagnose these diseases and thus will drive the medical and diagnostic laboratory services market during the forecast period. Major companies in the medical and diagnostic laboratory services market include Laboratory Corporation of America, Eurofins, Quest Diagnostics Incorporated, Sonic Healthcare Limited, Kaiser Permanente, RadNet, OPKO Health, Myriad Genetics, Charles River Laboratories, Inc., and NeoGenomics Laboratories, Inc. The medical and diagnostic laboratory services market is expected to limit by the rising prevalence of self-care diagnostic equipment. These tools can be used by patients without assistance from medical personnel, to diagnose particular disabilities or disorders. Common self-care diagnostic devices include glucose monitoring devices, blood pressure monitoring devices, sleep apnea monitors and temperature monitors. The ease of use of self-care devices has increased demand for them during the last decade and is expected to increase it further during the forecast period. Some virtual applications are also aiding in the diagnosis of certain health conditions. For instance, iPhone is working on an IOS accessory called Cue, which can be used as a home diagnostic kit. Self-care diagnostics is expected to have a negative impact on the traditional medical and diagnostic laboratory services market during the forecast period by reducing the need for laboratory testing for some basic tests. Medical and diagnostic laboratories are using biomarkers to measure health parameters associated with individual wellness. The health and well-being of individuals can be measured by using biomarkers to assess factors behind sleep disorders and symptoms of stress. Biomarkers such as cortisol, testosterone, and secretory IgA can indicate changes in the immune system relating to physical and mental conditions. This can be used by physicians to know the causative factors behind such conditions. This is a premium service primarily targeted at wealthy individuals and senior employees of corporations. North America was the largest region in the medical and diagnostic laboratory services market in 2022. Asia-Pacific was the second largest region in the medical and diagnostic laboratory services market. The regions covered in the medical and diagnostic laboratory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical and diagnostic laboratory services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The medical and diagnostic laboratory services market includes revenues earned by entities by providing diagnostic services such as diagnostic laboratory services, X-ray, CT scan, and Mammography. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical and diagnostic laboratory services market research report is one of a series of new reports from The Business Research Company that provides medical and diagnostic laboratory services market statistics, including medical and diagnostic laboratory services industry global market size, regional shares, competitors with a medical and diagnostic laboratory services market share, detailed medical and diagnostic laboratory services market segments, market trends and opportunities, and any further data you may need to thrive in the medical and diagnostic laboratory services industry. This medical and diagnostic laboratory services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical device contract manufacturing refers to a process where a Medtech company that owns the idea (sole proprietorship) outsources manufacturing to another medical device manufacturing firm. The medical device contract manufacturing is used for the benefits of cost optimization, device upgrade, regulatory guidance, or expansion. The main devices of medical device contract manufacturing are IVD devices, diagnostic imaging devices, cardiovascular devices, drug delivery devices, endoscopy devices, ophthalmology devices, orthopaedic devices, dental devices, and other devices. IVD devices refer to medical devices that are in vitro diagnostic medical devices (IVD) that are used alone or in combination with other diagnostic products for in vitro use, apparatus, equipment, or systems. The services are device development and manufacturing services, quality management services, and assembly services. The applications involved laparoscopy, pulmonary, urology, gynecology, and other applications. The global medical device contract manufacturing market is segmented - 1) By Device: IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Endoscopy Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices, Other Devices 2) By Service: Device Development and Manufacturing Service, Quality Management Service, Assembly Service 3) By Application: Laparoscopy, Pulmonary, Urology, Gynecology, Other Applications The global medical device contract manufacturing market size grew from $76.83 billion in 2022 to $87.04 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical device contract manufacturing is expected to grow to $141.27 billion in 2027 at a CAGR of 12.9%. The rising prevalence of chronic disorders is expected to propel the growth of the medical device contract manufacturing market going forward. Chronic diseases refer to conditions that require ongoing medical attention or limit activities. Smart medical devices help patients monitor their health conditions and better manage their chronic diseases. As a result, there is an increase in demand for medical device contract manufacturing. For instance, in 2020, according to the World Health Organization, a Switzerland-based government agency, chronic disease prevalence grew by 57% in the year 2020. Therefore, the rising prevalence of chronic disorders is driving the growth of the medical device contract manufacturing market. Major players in the medical device contract manufacturing market are Benchmark Electronics Inc., Celestica International Lp., Consort Medical PLC, Flex Ltd., Gerresheimer AG, Integer Holdings Corporation, Kimball Electronics Inc., Nemera Development S.A., Nipro Corporation, Nortech Systems Inc., Phillips-Medisize Corporation, Plexus Corporation, Sanmina Corporation, Biofortuna Limited, Catalent Inc., Forefront Medical Technologies Pte Ltd., Invetech, and SteriPack Group Ltd Technological innovations are the key trend gaining popularity in the medical device contract manufacturing market. Major companies operating in the medical device contract manufacturing market are focused on developing new technological solutions to strengthen their position. For instance, in December 2020, Forefront Medical Technology Pte Ltd., a Singapore-based company and medical device contract manufacturer, launched EzySwaba, a uniquely designed nasopharyngeal COVID-19 test swab. The EzySwab was developed to support the need for COVID-19 test swabs in the forefront of medical research in Singapore. This consists of the flexibility of biocompatible nylon for simple nasopharyngeal insertion and a safe breakpoint feature for rapid transfer to a sample collection tube. In August 2021, The Tecan Group, a Europe-based company provider of laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics, acquired Paramit Corporation and its affiliates ("Paramit") for an amount of $1.0 billion. This acquisition brings significant engineering as well as cost-competitive manufacturing capabilities, both in North America and in the APAC region for Tecan. Paramit Corporation is a US-based medical device contract manufacturing firm. North America will be the largest region in the medical device contract manufacturing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical device contract manufacturing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical device contract manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical device contract manufacturing market includes revenues earned by entities by quality management system, ISO certified clean rooms, sterilization validation and recurring services, package design and testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical device contract manufacturing market research report is one of a series of new reports from The Business Research Company that provides medical device contract manufacturing market statistics, including medical device contract manufacturing industry global market size, regional shares, competitors with a medical device contract manufacturing market share, detailed medical device contract manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the medical device contract manufacturing industry. This medical device contract manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Medical adhesive tape refers to a type of strip of fabrics or other material that is coated with a pressure-sensitive material on one side and sticks quickly to a wounded surface. These tapes are usually breathable, comfortable, and easy to use, and they cover wounds to reduce exposure to germs. The main types of medical adhesive tapes are acrylic, silicone, rubber, and other types. Acrylic adhesive tapes have low skin sensitivity and do not leave residue on the skin after removal. Acrylic adhesives, such as pressure-sensitive tapes, are used for disposable and bandage applications. The various materials of medical adhesive tapes are paper, fabric, and plastic that are used in various applications including surgery, wound dressing, splints, secure IV lines, ostomy seals, and other applications. The global medical adhesive tapes market is segmented - 1) By Type: Acrylic, Silicone, Rubber, Other Types 2) By Material: Paper, Fabric, Plastic 3) By Application: Surgery, Wound Dressing, Splints, Secure IV lines, Ostomy Seals, Other Applications The global medical adhesive tapes market size grew from $7.37 billion in 2022 to $8.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the medical adhesive tapes is expected to grow to $11.52 billion in 2027 at a CAGR of 9.4%. The rapid growth in surgical procedures/operations is significantly contributing to the growth of the medical adhesive tapes market. Surgical procedures or medical procedure involves an incision with instruments, performed to repair damage or to cure disease in a living body. Tapes like surgical tapes and bandages are mainly used in pre-and post-surgery to control blood loss and to cure wounds. For instance, according to the Australian Institute of Health and Welfare, in 2021, the number of admissions for elective surgery from waiting lists was 9.6% higher than in 2020 Australia. This increase in admissions was likely due to the greater level of restrictions in place for certain elective surgeries during 2020 in response to COVID-19. Therefore, the increasing general surgery workload drives the demand for growth of the medical adhesive tapes. Major players in the medical adhesive tapes market are 3M Company, A.M.G. Medical Inc., Adchem Corporation, Avery Dennison Corporation, CCT Tapes, Dermamed Coatings Company LLC., Dermarite Industries LLC., Jiangsu Nanfang Medical Co. Ltd., Libatape Pharmaceutical Co. Ltd., Lohmann GmbH and Co. Kg, Mactac LLC, Nitto Denko Corporation, Paul Hartmann Ag, Scapa Group plc, and Pinnacle Technologies. Technological advancements are shaping the medical adhesive tapes market. Technological advancement such as silicone adhesive is a discovery of knowledge that advances technology. For instance, in December 2020, 3M, a US-based manufacturer and distributor of products in the field of electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets launched 3M Hi-Tack Silicone Adhesive Tapes, new silicone adhesives. These tapes have longer worn periods, heavier device support, and are more secure. In February 2021, ATP Adhesive Systems Group, a Swiss-based company that specializes in the development, production, and sales of technical adhesive tape systems acquired BDK Industrial Products Ltd. for an undisclosed amount. The acquisition is expected to boost both companies' market positions and allow them to provide a greater range of customized solutions to their customers. BDK Industrial Products Ltd is a UK-based company that is involved in the manufacturing and distribution of adhesive tapes for the medical industry. North America was the largest region in the medical adhesive tapes market in 2022. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical adhesive tapes market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical adhesive tape market consists of sales of fabric, plastic, polymer, bandages, and paper. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical adhesive tapes market research report is one of a series of new reports from The Business Research Company that provides medical adhesive tapes market statistics, including medical adhesive tapes industry global market size, regional shares, competitors with a medical adhesive tapes market share, detailed medical adhesive tapes market segments, market trends and opportunities, and any further data you may need to thrive in the medical adhesive tapes industry. This medical adhesive tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical device cleaning are used for cleaning and sanitization of medical instruments, and other medical devices. Medical device cleaning is a vital part of any surgical process. It is a method of sterilizing medical devices and equipment to avoid infecting patients or causing illness. The common methods used for cleaning medical devices are ultrasonic cleaners, automatic washers, and manual washing. The main type of medical device cleaning processes includes disinfection, automatic cleaning, manual cleaning, and presoak/precleaning. Manual cleaning is the physical removal of all visible soil (gross debris) from an item to render it safe for handling and further processing for patient care. It is used for cleaning surgical instruments, endoscopes, ultrasound probes, dental instruments, and other instruments in hospitals & clinics, diagnostic centers, dental clinics, and others. The global medical device cleaning market is segmented - 1) By Process: Disinfection, Automatic Cleaning , Manual Cleaning, Presoak/Precleaning 2) By Application: Surgical Instruments, Endoscopes, Ultrasound Probes, Dental Instruments, Other Applications 3) By End Users: Hospitals and Clinics, Diagnostic Centers, Dental Clinics, Other End Users The global medical device cleaning market size grew from $2.5 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global medical device cleaning is expected to grow to $3.74 billion in 2027 at a CAGR of 8.3%. The increasing number of surgical procedures with a surge in the prevalence of chronic diseases drives the growth of the medical device cleaning market. The increasing prevalence of various chronic conditions such as cancer, cardiovascular diseases, gynecology-related issues, and orthopedic cases has led to a significant increase in the number of medical device cleaning disinfectants and other products. For instance, according to the Global Cancer Observatory (GLOBOCAN), the global incidence of cancer cases in 2020 was estimated to be around 19.3 million cases. Moreover, as per the American Cancer Society estimates, the global cancer burden will increase to 27.5 million new cancer cases by 2040. The number of people affected with chronic diseases continues to grow across the globe increasing the number of surgical procedures. Hence, the increasing number of surgical procedures will boost the growth of the medical device cleaning market size during the forecast period. Major players in the medical device cleaning market are 3M, Getinge AB, STERIS plc, Cantel Medical Corporation, Ecolab Inc., Advanced Sterilization Products, Oro Clean Chemie AG, Ruhof Corporation, Biotrol, Metrex Research LLC., Sklar Surgical Instruments, Tristel Solutions Ltd., Hartmann Group, Medivators Inc., Case Medical Inc., and Fortive Corporation. Players in the medical devices cleaning market are increasingly focusing on UV sanitizer devices. The UV sanitizer is effective in treating bacteria present in medical devices and operating rooms. For instance, PurpleSun Inc. a US-based company developed Ultraviolet (UV) technology to reduce more than 96% of microorganisms in operating rooms (ORs) and on medical equipment, compared to 38% using manual cleaning methods that rely on chemicals to sanitize surfaces. In August 2021, MicroCare, LLC, a US-based manufacturer of critical cleaning, coating, and lubrication fluids and tools acquired Certol International. With the acquisitions, Certolis expected to be a perfect fit with Microcare’s approach of providing a full spectrum of critical cleaning options to its customers. MicroCare and Certol can provide customers with a larger product selection, faster delivery, and better customer service by combining its two organizations’ quality products, brands, and global distribution capabilities. Certol International is a US-based provider of healthcare and industrial products. North America was the largest region in the medical device cleaning market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device cleaning market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical device cleaning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical device cleaning market consists of revenues earned by entities by providing washer-decontaminators, ultrasonic cleaners and washer-disinfectors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical device cleaning market research report is one of a series of new reports from The Business Research Company that provides medical device cleaning market statistics, including medical device cleaning industry global market size, regional shares, competitors with a medical device cleaning market share, detailed medical device cleaning market segments, market trends and opportunities, and any further data you may need to thrive in the medical device cleaning industry. This medical device cleaning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.