ReleaseWire Connect

According to this report analysis, increasing demand for smart cards in telecommunication, government, and transportation sectors, and for payment applications are key factors fueling growth of the global smart card market. The global smart card market value is anticipated to increase from US$ 7,894.2 Mn in 2015 to US$ 15,050.2 Mn by 2024, expanding at a CAGR of 8.4% during the forecast period (2016–2024). Increasing number of online transactions is raising associated risks of security breach, identity and data theft etc. Smart cards such as EMV (Europay, MasterCard, and Visa) offer enhanced security and help in limiting security risk associated with online payments. Growth of the global smart card market is majorly driven by increasing adoption of cellular subscriber identity module (SIMs) in the telecom industry. Growth of the global smart card market is also expected to be driven by increased penetration of mobile phones in emerging economies in the Middle East and Asia Pacific.

Transcatheter heart valve implantation is a procedure with less invasive approach helps in replacing the heart valve with prosthetic valve for treatment of severe aortic stenosis and mitral regurgitation. It is the effective alternative to cumbersome open heart surgery especially for high risk patients. The procedure helps reduce severe degenerative aortic stenosis and increases survival rate of patients. Increasing percutaneous transcatheter prosthetic valve implantation worldwide is expected to drive demand for transcatheter heart valve devices, as risk of valvular heart disease is higher among geriatric population, owing to increasing prevalence of severe aortic stenosis and asymptomatic severe mitral regurgitation.

A small tube placed into peripheral vein in order to administer medication directly into the circulation is known as a peripheral intravenous (IV) catheter. In addition to medication administration, peripheral intravenous (IV) catheters are used to withdraw blood from veins for testing. Advanced peripheral intravenous (IV) catheters are equipped with additional safety features to avoid needlestick injuries. Due to their direct contact with the circulatory system, peripheral intravenous (IV) catheters are prepared with non irritant material such as silicone, which do not have side effects even when peripheral intravenous catheters are left in contact with the circulatory system for several months or weeks.

Medical practice is defined as the science and the art of healing in accordance with scientific diagnosis of the disease. Medical practice therefore, requires significant volume of patient data which is difficult to maintain in the long run especially if it's recorded in the physical form of documents and files. The entry of computer software and software systems like SaaS (Software as a Service) has greatly assisted in the overall process of patient data and medical practice data management. Medical Practice Management System (PMS) is a software that helps medical organization (or clinic) to record patient data, fix appointments with practitioners, maintain record of insurance payment companies (and contacting them when required), perform billing related tasks and generate final reports. PMS nowadays are integrated with Electronic Medical Records (EMR) that deals strictly with patient medical data (medical and treatment history) as an all inclusive data management system.

The global medical devices market has been reporting consistent growth over the recent past owing to a number of factors, including innovation in medical devices, the rise in aging population, growing awareness about various medical conditions, changing lifestyles, and increasing disposable income and healthcare expenditure. There is a wide range of medical devices available in the market today. Based on type, these include diagnostic imaging devices, molecular diagnostic devices, monitoring devices, drug delivery devices, surgical devices, bioimplants and neurostimulation devices, and others such as gloves, syringes, needles, and medical and surgical sterilizers.

In a highly competitive pharmaceutical industry, automation can prove to be a massive operational advantage and a key differentiator for players of all sizes. The future of the healthcare industry is increasingly being defined by the advent of faster, more accurate, and easy-to-use devices that are riding high on the wave of medical automation. With a massive number of people crossing the 60-year threshold, the healthcare industry is facing a pressing need to scale up resources and brace for a spike in healthcare needs. This is where automation is expected to be the real game changer.

Global Interventional Radiology Market: Snapshot

Iodine is a halogen element in group seven of the periodic table; it is blue-black in colour and has a shiny lustre. The atomic number for the element is 53. Iodine and its derivatives are widely used as an intermediate in industrial chemicals and for human nutrition. The element is sourced from water bodies such as oceans and water pools as well as from seaweed. Iodine deficiency in humans results in various health-related issues such as goiter, mental retardation, heart diseases, and eyesight problems.

Elastomeric pumps are disposable, non-electronic medication pumps that delivers fluids such as analgesics, antibiotics, etc. into a patient's body in controlled amounts. The required pressure for administrating the drug comes from the elastomeric layer existing inside the pump. Pump failure can have significant implications on patient safety, making it mandatory for pumps to be operated by a trained person. The global elastomeric infusion pumps market has been segmented on the basis of product type, treatment type, end user, and regions.

Increasing awareness regarding clean-label cosmetic products has led towards development of environment-friendly green cosmetics. New product or ingredient development coupled with extensive research and development is carried out by cosmetic ingredients manufacturers in order to meet consumer requirements. Demand for products with organic ingredients is expected to be highest from countries in Asia Pacific, which in turn is expected to fuel growth of the global cosmetics ingredients market to a significant extent over the next five to six years. The company forecasts the market to grow at an attractive CAGR during the 10 year forecast period of 2015 through 2025.