Healthcare/Medical Simulation Market Analysis, Share and Forecast Report 2024

The global healthcare/medical simulation market is growing significantly due to technological advancements and increasing demand for minimally invasive procedures. Massive unexplored healthcare/medical simulation market in emerging economies and lack of service providers are creating ample opportunities for the global healthcare/medical simulation market to grow at a considerable rate in the coming years. However, lack of adequate input data for medical simulation models is a major challenge in the global healthcare/medical simulation market. Medical simulation trains medical professionals to minimise errors during surgical procedures by using advanced techniques of simulation. The simulated animations help students to understand the complexity of medical procedures through computer-based virtual patients.

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Adoption of medical simulation technology in hospitals and academic institutes worldwide in order to reduce the medical errors and improve patient safety is a trend in healthcare/medical simulation market. Deaths occurring due to medical mistakes are major concern across the globe. According to a report published in September 2013, in the Journal of Patient Safety, more than 440,000 people die every year due to preventable medical errors. Healthcare simulation may simulate critical medical conditions without any harm to patients; this in turn helps medical professionals to evaluate their practices and reduce their mistakes. Medical simulation is capable of reproducing critical events over and over again and hence, explores consequences of each error or mistake made.

Geographically, North America will be leading the global healthcare/medical simulation market in the coming years, due to technological advancements, high healthcare expenditure, and presence of a large number of hospitals and academic institutions. In addition, Patient Safety and Quality Improvement Act in the U.S. is also driving its market in North America region.

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Asia-Pacific is the fastest growing region in the global healthcare/medical simulation market. The major reasons for the fastest growth in the region are improving healthcare infrastructure and increasing demand for minimally invasive procedures.

Some of the major players operating in the global healthcare/medical simulation market are Laerdal Medical As, 3D Systems, Inc., CAE, Inc., Kyoto Kagaku Co., Ltd., Limbs & Things, Ltd., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden Ab, and Mentice Ab.

Source: P&S Intelligence

Cell and Tissue Culture Supplies Market Analysis and Forecast Report 2024

The global cell and tissue culture supplies market is expected to witness considerable growth during the forecast period on account of advanced applications of cell and tissue culture equipment and consumables in the life science research activities. Moreover, the requisition of optimal environment to conduct cell and tissue related research activities requires customized supplies which increases their demand in the life science industry.

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Based on consumable, the cell and tissue culture supplies market is categorized into media, reagent, sera, cryoprotective agents and contamination detection kits. The media category dominated the market during the historical period, mainly due to the increasing demand of customized media for research purposes. The media category is further classified into chemically defined media, classical media, protein-free media, lysogeny broth, serum-free media and specialty media. The reagent category is sub-categorized into protease inhibitors, albumin, thrombin, cytokines and amino acids.

Globally, North America was the largest revenue generator in the cell and tissue culture supplies industry in 2017, due to advancements in cell culture tools, rise in the demand for animal component-free media and automated cell culture systems. Europe holds the second-largest position in this market, owing to the high demand of cell culture supplies by biotechnology and pharmaceutical companies and research scholars and scientists in the region.

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Some of the major factors contributing to the growth of cell and tissue culture supplies industry are growing applications of cell and tissue culture equipment and consumables across numerous fields, such as vaccines and antibodies production, disease treatment, and drug discovery; increasing prevalence of chronic diseases; rising awareness about cell culture techniques; and advent of 3D cell culture models in the life sciences industry.

Some of the other key players in the cell and tissue culture supplies industry are Merck KGaA; VWR International LLC; Lonza Group; Corning Inc.; DWK Life Sciences Inc.; Affymetrix Inc.; Becton, Dickinson and Company; GE Healthcare; and Eppendorf AG.

Source: P&S Intelligence

Immunoassay Instruments Market Share and Forecast Report 2024

The global immunoassay instruments market is expected to witness considerable growth during the forecast period, mainly due to the rising prevalence of chronic and infectious diseases around the globe. Immunoassay is a laboratory based diagnostic procedure, that is performed using an immunological reaction of antibodies. The formation of antibody antigen complexes in blood samples and other body fluids, are measured by immunoassay instruments and are usually engaged to detect analytes in quantitative or qualitative manner.

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ELISA, radioimmunoassay, rapid tests, PCR, western blot, and ELISPOT are the major technologies on which the immunoassay instruments are based. The study reveals that among these technologies, ELISA held the largest share in the immunoassay instruments market in 2017, due to the wide adoption of this testing technique for detecting chronic and infectious diseases. ELISA is further sub-categorized into 1st generation, 2nd generation, 3rd generation, and 4th generation ELISA tests.

North America held the largest share in the global immunoassay instruments market in 2017, due to the expanding biotechnology and pharmaceutical industries, rising prevalence of chronic diseases, technological advancements, and adoption of automated platforms for immunoassay testing in the region. Furthermore, the region is pronounced with the presence of major players, which also supports the growth of the market demand.

Factors driving the immunoassay instruments market include discovery of specific biomarkers, extensive use of immunoassays in oncology, rising geriatric population, and the growing preference for personalized medicine. Increasing research activities focused on exploring the potential application of immunoassay tests in identifying infectious diseases, toxicology testing and other drug monitoring tests are some other factors that are expected to drive the market growth in the coming years. Furthermore, the key market players are continuously involved in the development of compact, reliable and portable products, as a result of technological advancements, which is also supporting the market demand.

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Some of the other key players in the immunoassay instruments market are Beckman Coulter, Inc., F. Hoffman-La Roche, Ltd., Thermo Fisher Scientific Inc., Ortho Clinical Diagnostics, BioMerieux, Inc., Abbott Laboratories, Sysmex Corporation, DiaSorin S.p.A., Siemens Healthcare, and Merck Millipore Corporation.

Source: P&S Intelligence

Medical Waste Management Market Rising Growth and Future Analysis

Given the growing amount of all types of medical wastes, globally, and increasing regulatory pressure to properly dispose these wastes in a non-hazardous way, the global medical waste management market is expected to grow at a steady pace in the coming years. Medical waste refers to the waste originated within medical amenities, such as hospitals, clinics, veterinary hospitals/clinics, dental practices, physician's offices, laboratories, pharmaceutical industry, and blood banks. There are several types of medical wastes including hazardous (such as infectious, radioactive, or toxic), universal, biohazardous (such as, red bag medical waste and sharps containers), and solid. The process of medical waste management includes transportation, treatment or destruction, disposal, and documentation of waste generated from the facility.

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Growing volume of medical waste, increasing focus on the management of medical waste, and stringent regulatory framework to manage these wastes safely and in an ecofriendly way are some of the factors driving the medical waste management industry.

Medical waste management market is regulated by several, local, state and federal regulations. There are different rules in place for various types of medical wastes. State and local regulations typically pertain to the labeling, containment, storage, transportation and treatment of medical waste. With the increasing regulatory pressure, the demand for proper management of medical waste is growing from the healthcare facilities as well as commercial businesses.

With the growth of healthcare and pharmaceuticals industry particularly in developing markets, the volume of medical wastes (such as, infectious, pathological and cytostatic waste, photochemical waste, offensive waste, old X-ray film, chemicals, solvents, old medicines, sharps, slides/paraffin blocks, and biological safety cabinets) is growing. This is expected to lead to growing demand of state-of-the-art disposal and recycling technologies to facilitate the treatment of all types of healthcare waste, in an efficient and environmentally compatible way, particularly in developed regions of North America and Europe.

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Some of the major players operating in global medical waste management industry include, BioMedical Waste Solutions LLC, Clean Harbors Inc., Daniels Sharpsmart Inc., Hawaii Bio-Waste Systems Inc. (HBW), Healthcare Environmental Services Group, Medclean Technologies Inc., Medasend Biomedical Inc., Miller Group, Republic Services Inc., REMONDIS SE & Co. KG, Suez Environnement S.A., Sharps Compliance Inc., Waste Management Inc., Stericycle Inc., and Gamma Waste Systems.

Source: P&S Intelligence