Environmental Monitoring Market 2019 Market Strategy-2021

The environmental monitoring industry is an attractive market for new entrants owing to the significant growth potential offered and high return-on-investment for innovative pollution monitoring products. 

A majority of the key players in environmental monitoring market are following the product development and enhancement strategy. This strategy helps the players to develop innovative, affordable, and portable air and water pollution monitoring products, strengthen their R&D base and distribution networks, and expand into fast-growing emerging nations in Asia-Pacific. 

This strategy also enables market players to meet the growing demand of the consumers

As of 2015, Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), TE Connectivity Ltd. (Switzerland), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Teledyne Technologies Inc. (U.S.), and Merck KGaA (Germany)are some key players operating in the global environmental monitoring market.

New product launches and product enhancements are the key growth strategies adopted by major players to develop their positions in the global environmental monitoring market. 

Moreover, strategies such as strategic acquisitions, geographic expansions, and collaborations were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the environmental monitoring market.

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Medtronic (Covidien) & Johnson & Johnson (Ethicon) are the Top Player sin the Specimen Retrieval Market

Growth in Specimen Retrieval Market is mainly driven by the increasing prevalence of diseases requiring surgical treatment and the removal of specimens from the body, especially laparoscopic procedures. However, the high cost of specimen retrieval systems is a major restraint for this market, particularly in emerging countries.

The specimen retrieval market is expected to reach USD 290 million by 2024 from USD 230 million in 2019, at a CAGR of 4.7%. 



Medtronic (Covidien) is a major player in the specimen retrieval market. The company operates in four major segments—Cardiac & Vascular Group, Restorative Therapies Group, Minimally Invasive Therapies Group, and Diabetes Group. The company offers the Reliacatch Specimen Retrieval Bag, Endo Catch Gold Specimen Retrieval Pouch, and EndoBag Specimen Retrieval System through its Minimally Invasive Therapies Group.

Johnson & Johnson (Ethicon) is the largest player in the specimen retrieval market. It has a strong foothold in the specimen retrieval systems market. Ethicon has a strong global distribution network and a good brand reputation among end users. The company’s strong presence and wide distribution channels across the globe have helped it in maintaining its leading position in the specimen retrieval systems market.

The specimen retrieval market is highly consolidated in nature, with a few players offering a variety of products. The major players operating in this market areTeleflex Incorporated (US), Applied Medical Resources Corporation (US), CONMED Corporation (US), Cooper Surgical, Inc. (US), Genicon (US), B. Braun Melsungen AG (Germany), Laprosurge (UK), Purple Surgical (UK), and Medtronic (Ireland).

 The key growth strategies followed by most companies in the specimen retrieval systems market are acquisitions and agreements. These two strategies accounted for the largest share of the overall growth strategies mapped from 2015 to 2018.

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Global Orthopedic Braces and Supports Market Rapidly Growing in Medical Industry

Factors such as growing prevalence of musculoskeletal disorders and diseases, rapid growth in the geriatric population, increasing sport participation across the globe (coupled with rising number of sports-related injuries), and growing market availability of orthopedic braces through e-commerce online sales and retail shops are driving the growth of the market.

The report studies the global orthopedic braces and supports market over the forecast period of 2017 to 2022. The market is projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%.

Browse 74 Market Data Tables 
30 Figures 
331 Pages and in-depth TOC on "Orthopedic Braces and Supports Market"

The major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US).

By Region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the market in 2017, followed by Europe. The market in North America is primarily driven by the continuous development and commercialization of novel orthopedic braces & support products and a significant level of medical reimbursements & insurance available for major orthopedic bracing procedures. 

However, Asia Pacific is expected to register the highest growth rate during the forecast period due to the rising geriatric and obese population (coupled with the significant prevalence of orthopedic & diabetes-related diseases in this population segment).

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Key Players in the Airway Management Devices Market

Smiths Medical (US),  Medtronic (Ireland)  & Teleflex (US) are the Key Players in the Airway Management Devices Market

The airway management devices market is consolidated in nature and the top three players dominated the market. In 2017, the global airway management devices market was dominated by Medtronic (Ireland), Smiths Medical (US), and Teleflex (US). Players implemented various strategies to expand their global footprint and share in the airway management devices market such as acquisitions and product launches.

The global airway management devices market is projected to reach USD 2.10 billion by 2023 from an estimated USD 1.60 billion in 2018 at a CAGR of 5.6%.

Smiths Medical (US) ranked second in the airway management devices market in 2017. In the field of airway management, the company offers devices such as endotracheal tubes and laryngeal masks with Soft-Seal cuffs and laryngoscopes. The company focuses on partnerships to strengthen its position in the market. With a diversified product portfolio, wide geographical reach, and focus on organic and inorganic strategies, the company has succeeded in creating a strong foothold in the airway management devices market

In 2017, Medtronic (Ireland) ranked first in the airway management devices market. In the field of airway management, the company offers an extensive range of airway management devices including laryngeal mask airways, endotracheal tubes, laryngoscopes, and stylets. Medtronic has a strong presence in the US, Puerto Rico, Brazil, Canada, Costa Rica, Denmark, the Dominican Republic, France, Germany, India, Israel, Italy, Japan, Malaysia, Mexico, the Netherlands, the People’s Republic of China, Singapore, South Korea, Switzerland, Thailand, Turkey, Vietnam, and the UK.

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Endoscopy Equipment Market worth $34.82 Billion till 2022

Global endoscopy equipment market was valued at USD 24.32 Billion in 2016 and is projected to reach USD 34.82 Billion by 2022, at a CAGR of 6.4% during the forecast period.

            

The global endoscopy equipment market is projected to reach USD 34.82 Billion by 2022 from an estimated USD 25.58 Billion in 2017, at a CAGR of 6.4% during the forecast period. 

The growth of this market is majorly driven by factors such as favorable government initiatives, rising number of hospitals and growing hospital investments in endoscopy facilities, technological advancements, and rising prevalence of diseases that require endoscopy.

The endoscopy equipment market is segmented on the basis of product, application, end user, and region. On the basis of product, the global market is segmented into endoscopes, visualization equipment, other endoscopy equipment, and accessories. Endoscopes are expected to account for the largest share of the market in 2017 and this segment is also estimated to grow at the highest CAGR during the forecast period. 

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The dominant market share and growth rate of this segment can be primarily attributed to the rising adoption of minimally invasive procedures, increasing technological advancements, and disposable endoscopes and the subsequent need to repeat the purchase of these single-use products.

Based on application, the market is segmented into laparoscopy, gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology, bronchoscopy, mediastinoscopy, otoscopy, laryngoscopy, and other applications. The GI endoscopy applications segment is expected to command the largest share of the market and grow at the highest CAGR during the forecast period. 

Rising geriatric population, improving healthcare infrastructure in developing countries, and increasing number of colonoscopy procedures performed in developed countries, are some factors supporting the growth of this applications segment.

Based on end user, the market is segmented into hospitals, ambulatory surgical centers (ASCs)/clinics, and other end users (diagnostic centers, mobile endoscopy facilities, and office endoscopy services). The hospitals segment is expected to register highest CAGR during the forecast period. This can be attributed to increasing government and private funding and the growing preference among physicians and patients to perform endoscopic procedures in a hospital-based environment.

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