Global Spectacles Market to Reach USD 141.54 Billion by 2026
The global spectacles market is projected to reach USD 141.54 billion by 2026, thereby exhibiting a CAGR of 5.7% during the forecast period. Fortune Business Insights™ published this information in a recent report, titled, “Spectacles Market Size, Share & Industry Analysis, By Product Type (Spectacles Frames and Spectacle Lenses), By Modality (Prescription and Over-the-counter) By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026.” The report further mentions that the market stood at USD 91.56 billion in 2018. However, it is expected to gain momentum from the rising prevalence of ocular disorders, such as myopia, hypermetropia, and astigmatism.
High Demand for Trendy Spectacles Worldwide to Fuel Growth
In the developed nations, namely, the U.K., Italy, France, and the U.S., premium quality spectacle frames have started becoming a major fashion statement. The demand for trendy eyewear is also gradually increasing in the emerging nations on account of rising disposable income. Besides, there is a reduction in the rate of contact lens usage. The masses are inclining rapidly towards spectacles. Apart from that, several companies present in the market are adopting smart business strategies. All these factors are anticipated to boost the spectacles market growth during the forecast period.
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North America to Dominate: Increasing Acceptance of Vision Care Products Will Favor Growth
In terms of region, the market is grouped into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Amongst them, North America had generated USD 27.59 billion spectacles market share in 2018 and is likely to retain its dominant position in the coming years. This growth is attributable to the increasing preference for premium eye care products, rising acceptance of vision care products, and surging awareness programs regarding various types of ocular disorders. Additionally, the region houses populaces with high disposable income that can afford to purchase high-quality frames.
Asia Pacific, on the other hand ,would follow the footsteps of North America and remain in the second position during the forthcoming period. It is likely to occur because of the rising geriatric population in countries, namely China and Japan. Coupled with this, the increasing prevalence of vision refractive errors and up surging affordability of vision care products are expected to augment growth in this region.
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Coronary Guidewires Market to Reach $ 594.8 Million by 2026 Driven by the High Prevalence of Cardiovascular Diseases
The global coronary guidewires market size is projected to reach USD 594.8 million by 2026. The increasing number of cardiovascular surgical procedures will create several opportunities for market growth. According to a report published by Fortune Business Insights, titled “Coronary Guidewires Market Size, Share & Industry Analysis, By Material (Nitinol, Stainless Steel, and Others) By Coating (Coated and Non-Coated) By End User (Hospitals, Cardiac Catheterization Laboratories, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 383.3 million in 2018 and will exhibit a CAGR of 5.7% during the forecast period, 2019-2026.
Coronary guidewires are used to access areas of the human body that cannot be reached through incision. As these parts are sensitive, they need to be handled with utmost care. These guidewires ensure that no neighbouring nerves are damaged and allow operations on the associated nerve. Recent technological advancements in coronary guidewires, coupled with the increasing adoption of these products in cardiovascular surgical procedures, will aid the growth of the global market in the coming years. The increasing number of cardiac interventions across the global will create several opportunities for the growth of the market. Additionally, the presence of favourable health reimbursement policies will lead to a widespread product adoption across the world.
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Increasing Number of Regulatory Approvals Will Aid Growth
The report encompasses several factors that have contribute to the growth of the global market in recent years. Among all factors, the increasing number of regulatory clearances have mad the highest impact on the growth of the market in recent years. The increasing emphasis on the development of newer products will contribute to market growth. In March 2017, Teleflex announced that it received clearance from the US Food and Drug Administration (FDA) for the ‘Spectre’ in the United States. The product is designed for use in percutaneous procedures and helps position the catheters and other interventional devices within the coronary vasculature. The report highlights a few of the major industry developments of recent times and gauges their impact on the growth of the market.
North America to Emerge Dominant; Presence of Favorable Reimbursement Policies to Aid Growth
The report analyzes the ongoing coronary guidewires market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, the market in North America is likely to dominate the market in the coming years.The presence of numerous modern healthcare institutions and ease of availability of products associated with coronary guidewires will aid the growth of the regional market. The increasing emphasis on the adoption of modern equipment will emerge in favour of market growth. As of 2018, the market in North America was worth USD 128.5 million and this value is likely to increase further in the coming years. The presence of severalfavorable health reimbursement policies will have a direct impact on the growth of the market in this region. Besides North America, Asia Pacific will witness considerable growth in the coming years, owing to the high prevalence of cardiovascular diseases.
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Cataract Surgical Devices Market to Rise at 5.4% CAGR till 2026 Driven by Recent Technological Advancements
The global cataract surgical devices market size is projected to reach USD 9.98 billion by the end of 2026. The high prevalence of cataract disorders will open up a huge potential for market growth. According to a report published by Fortune Business Insights, titled “Cataract Surgical Devices Market Size, Share & Industry Analysis, By Product Type (Phacoemulsification Systems, Femtosecond Laser, Intraocular Lenses, Ophthalmic Viscoelastic Devices & Other Consumables), By End-user (Hospitals, Ophthalmic Clinics, Others), and Regional Forecast, 2019-2026,” the market was worth USD 6.56 billion in 2018 and will exhibit a CAGR of 5.4% during the forecast period, 2019-2026.
The increasing prevalence of cataract surgeries has opened up a huge potential for the growth of the companies operating in the market. Recent technological advances in these devices have allowed for improved surgical procedures. The improved efficacies of these devices has in turn led to an increased adoption of cataract surgeries. In addition to this, the favourable health reimbursement policies have contributed to the growing adoption of cataract surgeries and subsequent rise in the demand for cataract surgical devices. The growing demand will have a direct impact on the growth of the market in the coming years.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/cataract-surgical-devices-market-101957
Increasing Number of Product Launches Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches have made the highest impact on market growth. The increasing number of cataract surgical procedures, coupled with the demand for improved devices will emerge in favor of the companies operating in this market. In December 2019, Johnson and Johnson Services announced the launch of a new intraocular lens for commercial use in the United States. The company introduced TECNIS Toric II1-Piece intraocular lens. The device will not only help the company generate substantial market revenue, but will have a direct impact on the growth of the market in the coming years. The report summarizes a few of the major products of recent times and gauges their impact on the growth of the market.
Asia Pacific to Dominate the Market, Increasing Reimbursement Policies to Aid Growth
The report discusses the ongoing cataract surgical devices market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, Asia Pacific is projected to emerge dominant in the coming years. The increasing prevalence of cataract disorders and growing use of technologically advanced devices. As of 2018, the market in Asia Pacific was worth USD 2.09 billion and this value is likely to increase in the coming years. The presence of favorable reimbursement policies has aided the growth of the market in the coming years.
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Global Hip Replacement Market to Grow at 5.0% CAGR
The global hip replacement market size will increase with the advent of robot-assisted surgical procedures worldwide. Fortune Business Insights in their recent report titled, “Hip Replacement Market Size, Share & Industry Analysis, By Procedure (Total Hip Replacement, Partial Hip Replacement, and Revision & Hip Resurfacing), By End User (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics, and Others) and Regional Forecast, 2019-2026”,provides a comprehensive analysis of the market and their growth trajectories.
Increase in Preference for Customized Hip Implants to Drive Market
The increasing geriatric population and their vulnerability to various health issues of the bones is a major driver for the hip replacement market growth.In addition, the increasing prevalence of osteoarthritis is adding a boost to the market and further expected to do the same in the coming years.In addition, there is a surge in demand for partial replacement surgeries. This, coupled with the advent of robot-assisted hip implants will help boost the hip replacement market shares in the coming years.
Moreover, the rise in preference for customized implants for both female and male patients is likely to drive the market. This is attributable to the introduction of 3D printing technology for the manufacturing of customized implants. Furthermore, government-supported health reimbursement policies set to provide affordable and quality care to all patients are anticipated to create lucrative growth opportunities for the market in the long run.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/hip-replacement-implants-market-100247
North America to Dominate Market with New Product Launches and Strategic Company Collaborations
The globalhip replacement market is classified geographically into five major regions namely Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa regions. In the current scenario, the market is dominated by North America with a hip replacement market revenue of USD 2.52 billion in 2018. This is on account of the surge in the number of hip replacement prostheses, rise in strategic collaborations among market vendors and new product launches. The launch of MiniMAX Hip, by Medacta International,was announced in November 2017. It is a cementless stem that will serve as an option for minimally invasive hip replacement surgery for surgeons in the U.S. Such innovations are likely to bode well for the market in the long run.
On the other hand, the market in Asia Pacific is expected to witness significant growth in the forecast duration on account of the increasing prevalence of hip osteoarthritis serving most of the geriatric population in the region. For instance, the Surgical Variance Report of 2107 reported the funding of about 9,947 hip procedures in private hospitals by a private health insurer in Australia called Medibank Private Limited during 2015-2016. Such health reimbursement policies are prognosticated to augment the hip implants market share in Asia Pacific.
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Vision Care Market to Exhibit a CAGR of 5.6% Increasing Cases of Cataract will Augur Healthy for the Market
The global vision care market size is expected to reach USD 192.85 billion by 2026, exhibiting a CAGR of 5.6% during the forecast period. Increasing awareness regarding ocular diseases in emerging nations is expected to aid the growth of the market. The increasing adoption of vision care products will boost the vision care market growth in the forthcoming year. In addition, the growing cases of cataracts to create growth opportunities for the market. For instance, according to the World Health Organization, 51% of the world’s blindness is caused due to cataracts. In addition, the increasing risks of cataract incidence predominantly in developing as well as developed countries will fuel demand for vision care.
As per the report, published by Fortune Business Insights in a report, titled “Vision Care Market Size, Share & Industry Analysis, By Product Type (Eyewear, Intraocular Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital & Clinics), and Regional Forecast, 2019-2026” the market size stood at USD 125.16 billion in 2018. The report offers dynamic insights on all the prevailing trends and characteristics of the vision care market. It provides an all-encompassing summary and analytical data of all the segments. It is created after extensive research followed by deep analysis to benefit companies, stakeholders, financers and potential investors. It is designed with an aim to provide a clear picture of the market size. In addition, it also includes the latest advances and development, product launches, acquisitions, collaborations & partnerships, and others.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/vision-care-market-101731
Increasing Cases of Cataract to Promote Healthy Growth
The increasing incidence of cataracts around the world will subsequently aid the growth of the market in the forthcoming period. According to the Global Burden of Diseases Study, 2010 cataract caused worldwide 33.4% of all blindness in 2010 and around 10.8 million people were blind and 35.1 million were visually impaired due to cataract. With the growing risk of cataracts, the demand for vision is increasing, which therefore supports market growth. The growing population of individuals suffering from ocular diseases is expected to be one of the key reasons for driving the market.
FavorableReimburusmnet policies to Stimulate Growth in North America
North America generated a revenue of USD 38.82 billion in 2018 and is expected to remain dominant during the forecast period. Higher adoption of vision care products in the region will further create opportunities for the market. Factors such as increasing awareness of the ocular disease, favorable reimbursement for cataract surgery, and increasing inclination towards eye care products is projected to further escalate the market’s revenue in North America. The market in Latin America is estimated to grow at a steady rate alongsidethe Middle East and Africa. The unmet need for vision care in Latin America is estimated to be one of the prime reasons for spurring the growth in the region
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Global Eyewear Market to Gain from Increasing Prevalence of Ocular Disorders Worldwide
The global eyewear market size is anticipated to expand owing to the increasing awareness about ocular diseases, coupled with the rise in prevalence of vision abnormality. A report on eyewear market by Fortune Business Insights, titled “Eyewear Market Size, Share & Industry Analysis, By Product Type (Spectacles, Sunglasses, Contact Lens), By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026” provides a 360-degree overview of the market that will prove beneficial for players in the forecast duration.
The report is based on thorough research on the subject primarily focusing on growth drivers, restraints, that will help vendors see a clear vision of the future market. It enlists the names of market players and strategies adopted by them to earn high eyewear market revenue in the forecast period. These strategies include mergers and acquisitions, product launches, company collaborations, contracts, investments in research and development, and others. All information presented in the report is extracted from primary and secondary research methods. The report is available for sale on the company website.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/eyewear-market-101749
Rise in Prevalence of Ocular Diseases to Drive Market
Eyewear comprises of accessories and items that can be worn over the eyes. They are used for various purposes, such as for protection against environment, embellishment or fashion purpose, or for enhancing or improving vision. Eyewear products are basically in the form of contact lenses, sunglasses, and spectacles. In addition, they help to protect against UVB and UVA sun rays and aid to treat ocular diseases such as short or long-sightedness, and others. Rise in the availability of spectacles in online channels and retail stores from both developing and developed nations is expected to increase the demand for higher-value sunglasses. The surge in brand advertising has urged consumers to become brand conscious, thus adding a boost to eyewear market growth. Rise in the geriatric population and their vulnerability towards eye disorders, infections, and diseases will promote the use of spectacles and contact lenses. This, in turn, is prognosticated to increase the eyewear market share in the forthcoming years.
North America to Continue Dominance Owing to Presence of Increasing Awareness about Eye Problems
The global eyewear market is geographically segmented into five regions namely Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. In 2018, North America generated an eyewear market revenue of USD 35.60 billion and dominated the market. This domination is attributable to factors such as a rise in awareness about ocular disorders, and preference for premium eye care products. On the other side, Europe eyewear market will rise at a remarkable rate owing to an increase in affordability to buy expensive sunglasses in nations such as UK, France, and Germany.
Moreover, the market in Asia Pacific is likely to witness high CAGR in the eyewear market share on account of the rise in geriatric population, prevalence of ocular diseases, rise in disposable incomes of people, and brand advertising that urges people to opt for the expensive branded eyewear products.
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India Peritoneal Dialysis Market is Predicted to Reach USD 79.0 million by 2026
The India peritoneal dialysis market size is expected to reach USD 79.0 million by 2026, exhibiting a CAGR of 9.0% during the forecast period. One of the key drivers accelerating the growth of the market is the increasing cases of associated disorders, such as diabetes and hypertension. According to the World Health Organization, the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Furthermore, as per the World Health Organizationin 2014, 8.5% of adults aged 18 years and older had diabetes and in 2016, diabetes was the direct cause of 1.6 million deaths.
As per the report, published by the Fortune Business Insights, titled “India Peritoneal Dialysis Market Size, Share & Industry Analysis, By Type (Continuous Ambulatory Peritoneal Dialysis (CAPD), Automated Peritoneal Dialysis (APD)), By Product (Devices (Cyclers/Machines), PD Solutions/Fluids, PD Sets, Catheters) and Region Forecast, 2019-2026” the market stood at USD 43.1 million in 2018.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/india-peritoneal-dialysis-market-101752
Rising Cases of End-Stage Renal Disease will Facilitate Speedy Growth
One of the vitally important factors enabling the growth of the market is the increasing cases of kidney failure and end-stage renal disease (ESRD). This factor has resulted in the surge of the patient pool for dialysis. Furthermore, the escalating incidence of associated disorders, such as diabetes and hypertension is expected to contribute significantly to the market growth. According to The Ministry of Health and Family Welfare, Government of India, under Pradhan Mantri National Dialysis Programme, every year, 2.2 lakh new patients of ESRD get added in India, resulting in the additional demand for 3.4 Crore dialysis annually. The advantages associated with peritoneal dialysis modality such as fewer dietary restrictions, no need for regular visits to dialysis centers, portability, and lesser weight gain compared to hemodialysis is expected to fuel demand among patients.
Announcement of the Indian Union Ministry of Health and Family Welfare to Offer Growth Prospects
The increasing government initiatives and guidelines for the adoption of peritoneal dialysisby the Indian health ministry will boost the peritoneal dialysis market trends in India. The better accessibility of peritoneal dialysisin-home settings will further fuel demand among patients in the rural areas who incur additional costs traveling to dialysis centers in far places. Peritoneal dialysisallowsgreater flexibility and freedom in the treatment schedule. This factor will further accelerate the peritoneal dialysis market growth in India during the forecast period. In addition, the increasing focus of the Indian government towards peritoneal dialysis with lesser requirement of technical power, better productivity, and quality of life at a lower cost will create growth opportunities for the India peritoneal dialysis market. For instance, in May 2019, the Indian Union Ministry of Health and Family Welfare announced the plans to offer peritoneal dialysis facility for patients suffering from kidney ailments under the Pradhan Mantri National Dialysis Programme (PMNDP).The inclusion of peritoneal dialysis in the Pradhan Mantri National Dialysis Programme will uplift the peritoneal dialysis in the foreseeable future.
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Hormonal Contraceptives Market to Grow Remarkably Owing to Easy Availability and Cost Efficiency of these products
The global hormonal contraceptives market is projected to reach a value of USD 26.6 billion by 2026, with a notable CAGR of 5.8% during the forecast period 2019 to 2026. This is owing to the unmet needs for contraceptives worldwide, especially in developing nations. The market was valued at USD 16.7 billion in 2018. The World Health Organization estimateda rise in the utilization of modern contraceptives from 54% in 1990 to about 57.4% in 2015. This is attributable to the easy availability and user reliability of contraceptive products all over the world. Such factors are likely to add impetus to the hormonal contraceptives market size in the forecast duration.
Fortune Business Insights™ presents a comprehensive overview of the hormonal birth-control market in their recently published study titled, “Hormonal Contraceptives Market Size, Share & Industry Analysis, By Product (Pills, Injectable, Vaginal Rings, Intrauterine Devices, Implants, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Channel, Public Channel & NGOs, and Others) and Regional Forecast, 2019-2026.”
For More Information : https://www.fortunebusinessinsights.com/hormonal-contraceptives-market-102078
Cost-efficiency and Easy Availability of Contraceptive Products to Promote Market Growth
The increasing cases of sexually transmitted diseases such as HIV/AIDS is a prime factor promoting the hormonal contraceptives market growth. Besides this, the cost efficiency and easy availability of contraceptives products such as pills, is also helping the market gain traction. Moreover, the fact that contraceptives are a better and reliable way of controlling unwanted pregnancy as compared to diaphragms/sponges or condoms is also expected to help increase the overall hormonal contraceptive market size in the forecast period.Furthermore, the advent of new user-friendly and cost-efficient products into the market, such as contraceptive implants, vaginal rings, and injectable, are likely to help increase the overall hormonal birth control market revenue in the coming years.
Increasing incidences of Unwanted Pregnancies Among Teenagers – Reason behind North America’s Dominance
From a geographical perspective, the global hormonal birth control market is widespread in Latin America, North America, Asia Pacific, North America, and Europe.Among these, North America accounted for the largest hormonal contraceptives market share with a revenue generation of US$ 5.8 Bn in 2018. This is attributed to the presence of major manufacturing companies coupled with the rise in awareness about different birth-control methods in the U.S. Besides this, the rising incidences of unwanted pregnancies among teenagers are also anticipated to help North America earn a promising hormonal contraceptive market share in the forecast duration as well.
Companies Offering Range of Contraceptive Products to Intensify Market Competition
Current hormonal birth control market manufacturers are focusing on the launch of new and user-friendly products to gain a competitive edge in the overall market. For this, players are investing huge sums into research and development of novel contraceptive products. Currently, Merck & Co, is dominating the market on account of two of their supernova products, namely Nexplanon/Implanon and Nuvaring. Following Merck & Co. is Bayer AG, which is famous for its range of intrauterine devices apart from the range of contraceptive pills. As per a lead analyst at Fortune Business Insights™, the range of products from Mirena, consisting of 3 intrauterine devices, earned a revenue of USD 1,143 million in the year 2018.
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Electrophysiology Devices Market to Rise at 10.9% CAGR till 2026
The global electrophysiology devices market size is projected to reach USD 10.51 billion by 2026. According to a report published by Fortune Business Insights, titled “Electrophysiology Devices Market Size, Share & Industry Analysis, By Type (Ablation Catheters, Diagnostic Catheters, Mapping Systems, Accessories & Others), By Application (Atrial Fibrillation, Supraventricular Tachycardia (SVT), Ventricular Tachycardia,and Others),By End User (Hospitals & ASCs, and Specialty Clinics & Diagnostic Centres), and Regional Forecast, 2019-2026,” the market size wasUSD 4.60 billion in 2018 and is projected to exhibit a CAGR of 10.9% during the forecast period.
Electrophysiology devices are used in the treatment of severe cardiovascular diseases. The high prevalence of heart-related disorders has created massive product demand across the world. Increasing adoption of habits such as alcohol consumption and smoking will have a positive impact on market growth. The advent of technologically advanced electrophysiology devices has enabled enhanced operating efficiency in surgical procedures. Improving health reimbursement policies, coupled with the increasing investment in healthcare infrastructure will open up a huge potential for market growth. The growing prevalence of atrial fibrillation in several countries across the world has opened up a massive potential for market growth. Recent technological advancements have fuelled the demand for these devices.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/electrophysiology-devices-market-101730
Increasing Number of Product Launches to Aid Growth
The report provides an in-depth analysis of the influence of major factors on the market in recent years. Among all factors, the increasing number of product launches have made the highest impact on the growth of the market in recent years. The report highlights a few of the major products of recent years. In September 2019, Biosense Webster Inc., announced the launch of CARTONET. The device was the world’s first secure cloud-based network, aimed to review and analyze atrial fibrillation cases. The device successfully enhanced the overall efficiency of the procedure. Abbott’s new electrophysiology mapping catheter system was another product that has made a positive impact on the market in recent years.
Increasing Prevalence of Heart Failure to Aid Growth of the Market in North America
Among all regions, North America is projected to emerge dominant in the coming years. The increasing heart failure rates in several countries across this region, coupled with the increasing adoption of unhealthy lifestyle habits will aid growth of the market in this region. The market in Europe will witness significant growth, owing to the high prevalence of atrial fibrillation in countries such as Germany, Spain, and Italy will contribute to the growth of the market in Europe.
Adult Diapers Market Worth $19.77 Billion at 7.0% CAGR
Global Adult Diapers Market to Gain from Alleviation of Social Issues Related to Incontinence
Influenza Medication Market to Reach $993.7 Million by 2026
Provision of Affordable Drugs by Governments in Emerging Economies to Positively Impact the Influenza Medication Market Growth
Stomach Cancer/Gastric Cancer Treatment Market to Grow at 15.3% CAGR till 2026
Stomach Cancer/Gastric Cancer Treatment Market: Increasing Healthcare Expenditure in Emerging Economies to Bolster Research and Make Cancer Drugs More Affordable
Surgical Tables Market to Reach USD 1,204.2 Million by 2026
Surgical Tables Market to Gain Traction; Integration of Hybrid Operating Rooms in Hospitals to Enable Growth, sayes Fortune Business Insights™
Sports Medicine Market to Reach USD 9.86 billion by 2026
Sports Medicine Market to Gain Traction; Rising Number of Medical Sports Centres to Support Market Enlargement, says Fortune Business Insights™
mHealth Market to Register an Astounding CAGR of 29.1%
mHealth Market to Gain Traction; Rising Demand for Remote Patient Monitoring Devices to Spur Sales Opportunities, sates Fortune Business Insights™
Mobility Devices Market to Reach $14.86 Billion by 2026
Mounting Global Efforts to Provide Institutionalized Healthcare to the Disabled and the Elderly to Foster Bright Prospects for the Mobility Devices Market
