Increasing Healthcare Expenditure to Boost Sales of Medical Marker Bands

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global medical marker bands market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.

Factors like population growth and increasing health awareness are increasing demand for different health care products in developing nations. Medical devices are known to bring financial prosperity in such regions. World Bank highlights the fact that health care expenditure has increased in majority of regions across the globe. International Trade Administration projects the sale of medical devices to grow globally and its growth rate for the period 2016-2020 is expected to be ̴6% annually. America leads the global market for medical devices. Market in regions including Europe and Asia Pacific is expected to expand at a very rapid rate. This rate of progression will generate plethora of opportunities global market for medical devices like catheter and stents.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the medical marker bands market. For enhancing readers’ experience, the report starts with a basic overview about the medical marker bands market and its classification. Further, we have considered 2018 as the base year, 2029 as the estimated year, 2019 – 2029 as the stipulated timeframe.

Competitive Assessment

The medical marker bands market report includes global as well as emerging players:

• Edgetech Industries LLC


• Nordt Engineered Precious Metals


• RESONETICS


• American Elements


• Biomerics


• Putnam Plastics


• Stanford Advanced Materials


• Prince & Izant Company


• Merit Medical Systems, Inc.

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Developing economies are highly dependent on developed nations like US and Europe for availing advanced manufacturing facilities. Developing regions like Asia Pacific import medical marker bands from developed regions. Such imports increase the cost of these bands. Cheap materials have emerged in the market as the conventional ones like gold and platinum are costly. Different manufacturers including Putnam Plastics Corp. who have been using materials like polymers and Stanford advanced materials to manufacture medical marker bands, are now switching towards different materials that are cost-effective. Global medical marker bands can be segmented on the basis of materials into Gold, Platinum-Iridium, Platinum, Polymer, Palladium and Tantalum.

The insights for each vendor consists of:

• Company profile


• SWOT analysis


• Main market information


• Market share


• Revenue, pricing and gross margin

Regional Analysis

Important regions covered in the medical marker bands market report include:

• North America (U.S., Canada)


• Latin America (Brazil, Mexico)


• Europe (U.K., Germany)


• APEJ (China, India)

Materials like polymer and tantalum are employed as they make the manufacturing process of medical marker bands easy. They reduce the requirements of different components like crimp metal tips and swage. Moreover, these materials hold transmittance property which is same as that of the precious metals but is available in half of their price. Usage of advanced materials for manufacture of medical marker bands is expected to propel the global medical marker band in the forecast period 2019-2029. Fact.MR report predicts the global medical marker bands market to grow at around 5% CAGR in the period 2019-2029. Both materials, tantalum and polymer are gaining popularity and market penetration in regions like Asia Pacific and MEA as they are affordable.

The medical marker bands market report also provides data regarding the key countries in the defined regions.

What insights does the medical marker bands market report provide to the readers?

• Medical marker bands market fragmentation on the basis of product type, end use, and region.


• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.


• Collaborations, R&D projects, acquisitions, and product launches of each medical marker bands market player.


• Various regulations imposed by the governments on the consumption of medical marker bands market in detail.


• Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global medical marker bands market.

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Questionnaire answered in the medical marker bands market report include:

• How the market for medical marker bands market has grown over the historic period of 2014-2018?


• What is the present and future outlook of the global medical marker bands market on the basis of region?


• What are the challenges and opportunities for the medical marker bands market?


• Why the consumption of medical marker bands market highest in region?


• In which year segment is expected to overtake segment?