Global Heel Incision Devices Market, By Product Type (Micro- preemie, Preemie, New born and Infant), Application (Hospitals, Speciality Clinics, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Heel Incision Devices Market
Data Bridge Market Research analyses that the heel incision devices market will exhibit a CAGR of around 2.99% for the forecast period of 2021-2028. This means that the heel incision devices market value, which was USD 173.35 million in 2020, will rocket up to USD 221.96 million by 2028. Rising birth rate around the globe, increased focus of technological advancements involved in the manufacturing of medical devices and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of heel incision devices market.
The heel incision devices are the medical devices that are used to obtain or collect blood samples. The heel incision devices are used to collect blood samples from the heels of new born babies. The heel incision devices are safe and this technology is considered to be a retractable safety technology for capillary blood sampling.
Rising cases of premature birth is one of the major factors fostering the growth of heel incision devices market. Rising expenditure for research and development activities for product innovations and rising personal disposable income are some other indirect heel incision devices market growth determinants. Rising technological advancements in the healthcare sector coupled with ever rising population will further generate lucrative heel incision devices market growth opportunities. Rising awareness about multi-specialty products and the availability of infants care products is also bolstering the heel incision devices market growth. Mandatory new born testing policy adopted in several countries will further drive the heel incision devices market growth rate.
However, lack of adequate healthcare infrastructure in the underdeveloped economies will act as a heel incision devices market growth restraint. Lack of professional and medical expertise in developing and developed economies will further derail the heel incision devices market growth rate. Unfavourable reimbursement policies especially in the developing economies will further pose challenges for the heel incision devices market growth.
This heel incision devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on heel incision devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Heel Incision Devices Market Scope and Market Size
The heel incision devices market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the global heel incision devices market has been divided into micro- preemie, preemie, new born and infant.
- On the basis of application, the heel incision devices market is segmented into hospitals, speciality clinics, ambulatory surgical centres and others.
Heel Incision Devices Market Country Level Analysis
The heel incision devices market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the heel incision devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the heel incision devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing sophisticated level of healthcare facilities coupled with the rising awareness about new born screening. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the rising premature birth rate and increased expenditure on healthcare infrastructure.
The country section of the heel incision devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Heel incision devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the heel incision devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Heel Incision Devices Market Share Analysis
The heel incision devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to heel incision devices market.
The major players covered in the heel incision devices market report are BD, Cardinal Health., Owen Mumford Limited, Smiths Medical, Clinical Innovations, LLC, MEDICORE Co., LTD., Vitrex Medical A/S, NSP Tech Pte Ltd., Torvan Medical Inc, DeviceLab Inc., MediPurpose, Abbott, Medtronic, Carl Zeiss AG, Takagi Seiko, Konan Medical USA, Inc., CENTERVUE S.P.A., Bausch & Lomb Incorporated among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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