Global Medical Market Size and Forecast 2024-2033|Chamfr Inc., Stanford Advanced Materials Corp., Teleflex Incorporated, Convatec Group PLC, ALB Materials Inc

The Medical Marker Bands Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Medical Marker Bands Global Market Report 2024, The medical marker bands market size has grown steadily in recent years. It will grow from $8.64 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increased importance of patient identification, regulatory emphasis on patient safety, rising healthcare awareness and practices, patient data management requirements, infection control measures

The medical marker bands market size is expected to see steady growth in the next few years. It will grow to $10.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to shift towards paperless health records, increased focus on emergency preparedness, growing adoption in ambulatory care settings, integration with automated healthcare systems, customization for specialized patient needs. Major trends in the forecast period include integration with electronic health records (ehr), patient engagement and education, disposable and eco-friendly solutions, market expansion in developing regions, regulatory compliance standards.

The rising incidence of cardiovascular diseases is expected to propel the growth of the medical marker band market forward. Cardiovascular diseases refer to diseases of the vascular system and heart functioning. Medical marker bands are used in cardiovascular surgical processes to aid with the guidance and placement of catheter devices. For instance, in March 2022, according to the Office for National Statistics, a UK-based national statistical authority, the number of deaths due to heart attacks was 20,061 in 2021, increasing from 19,440 in 2020. Furthermore, in October 2022, according to the American Heart Association, a US-based non-profit organization working to promote heart health, the death rate due to heart diseases increased by 4.1% in 2020 compared to 2019. Therefore, the rising incidence of cardiovascular diseases drives the medical marker band.

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The medical marker bands market covered in this report is segmented –

1) By Product: Angiography Systems, Catheters, Guidewire, Balloons, Contrast Media, Vascular Closure Devices, Angiography Accessories

2) By Material: Gold, Platinum-Iridium, Platinum, Polymers, Palladium, Tantalum, Other Materials

3) By Procedure: Coronary, Endovascular, Neurovascular

4) By Application: Hospital, Medical Device Distributor, Other Applications

Technological innovations are a key trend gaining popularity in the medical marker band market. Major companies operating in the medical marker band market are leveraging innovative technologies to develop innovative products to sustain their position in the market. For instance, in April 2023, Penumbra, a US-based medical device company, launched the RED 43 reperfusion catheter system with innovative marker bands. It leverages the REDglide technology that helps improve the catheter’s function and interaction with blood vessels. It has an optimized lumen, a soft design, and a precision tip marked using innovative marker bands. The bands have a short polymer tip, which helps with better visualization and placement during the procedures.

The medical marker bands market report table of contents includes:

1. Executive Summary

2. Medical Marker Bands Market Characteristics

3. Medical Marker Bands Market Trends And Strategies

4. Medical Marker Bands Market – Macro Economic Scenario

5. Global Medical Marker Bands Market Size and Growth

26. South America Medical Marker Bands Market

27. Brazil Medical Marker Bands Market

28. Middle East Medical Marker Bands Market

29. Africa Medical Marker Bands Market

30. Medical Marker Bands Market Competitive Landscape And Company Profiles

Top Major Players: