Global Robotic Surgery Market is Expected to Reach USD 11.2 billion by 2022: Ken Research

Global Robotic Surgery Market by Region (North America, Europe, Asia Pacific and ROW), by product type (Surgical robot system, instruments and consumables and services), by application (gynecology, general surgery, urology, orthopedic, neurology and others), by brands (da Vinci, CyberKnife, MAKO, ROSA, NAVIO and others), by Market share of Major companies (Intuitive Surgical, Accuray, Stryker, Mazor Robotics, Zimmer Biomet, Smith and Nephew, Renishaw, TransEnterix and Think Surgical, Medrobotics, Restoration Robotics, OMNIlife Science, Stereotaxisv, Titan Medical, Cambridge Medical Robotics, Auris Surgical, Avatera Medical, Verb Surgical, Medicaroid Corporation, Samsung Corporation)

·         Globally, the prevalence of osteoarthritis is anticipated to rise to 178.4 million by 2021. This is going to drive the demand for robot-assisted orthopedic surgeries in the long term.

·         As per the International Agency for Research on Cancer, the specialized cancer agency of the World Health Organization, annual cancer rates around the world are projected to increase by over 56% to 22.0 million new cases in the year 2030 from 14.1 million cases in 2012. Furthermore, the prevalence of chronic disease is expected to rise steadily in the near future, with projected two-third of all reported deaths as a result of chronic diseases by 2020.

·         The number of medical surgeries is further expected to increase at a CAGR of 4.1% from 2016 to 2021.

The key factors driving the growth of the robotic surgery market are rise incidence of chronic disease, growth in minimally invasive surgery (MIS), and incline in number of surgical robots getting clearance from regulatory authorities. The market is also expected to grow due to technological innovations such as the capsule robot system, software/applications and imaging system, increasing geriatric population base and increasing per capita healthcare expenditures. A number of surgical robots are expected to be launched in the near future for soft tissue surgeries, orthopedic, neurology and several other procedures. In the next five years, private healthcare expenditure is anticipated to grow to USD 3.4 trillion at a CAGR of 3.8% during the period 2016-2021. This will drive the demand for robotic surgery systems and robotic assisted surgical procedures across the world in the mid-long term.

Ken Research in its latest study, Global Robotic Surgery Market by Region (North America, Europe, Asia Pacific and ROW), by Product Type (Surgical Robot System, Instruments and Accessories and Services) – Outlook to 2022 suggests that Intuitive Surgical, Accuray, Stryker, Mazor Robotics, Zimmer Biomet, and Smith and Nephew will remain the major players in this space. However, these major players will witness rising competition from new entrants who will launch technologically advanced, cheaper products in the market.

Global Robotic Surgery Market is projected to register a positive CAGR during the period 2016-2021. Reduced system and treatment cost would aid in growth of system sales and robot-assisted surgical procedures across the world, which would result in overall market growth for surgical robotic surgery.

Key Topics Covered in the Report:

Global Robotic Surgery Market Size

Global Robotic Surgery Industry Trend

Surgical Robotic System Sales Global

Developments Robotic Surgery Market

Innovation Robots Minimally Invasive Surgeries

Brand Share Robotic System Market

Number of Robotic Surgery Global

World Robotic Surgery Market

Cost Comparison Robotic Surgery

Acquisitions Robotic System Market

Us Robotic Surgery Market Overview

Europe Robotic Surgery Market Size

Future Global Robotic Surgery Industry

Intuitive Surgical Market Share

Accuray Robotic System Market Share

Business Performance Zimmer Biomet Robotic Systems

For more information on the research report, refer to below link:

https://www.kenresearch.com/healthcare/medical-devices/global-robotic-surgery-market/142287-91.html

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Evolution of Health and Wellness Food Products in Saudi Arabia to Amplify Growth of Breakfast Cereals Market: Ken Research

Saudi Arabia’s unstable economy in the recent years has led to inflation of various grocery products. Few grocery products in Saudi Arabia did not witness a decline in consumption; however, a few other categories have slowed major fall in demand due to their high prices. Breakfast cereals prices have risen due to the country’s slowed economy. Saudi Arabia ranks 20th in the bakery products market around the world while generating huge revenue for the country. Mondelez International Inc is the leading international bakery company that introduced bakery products sector in Saudi Arabia.

Saudi Arabia had witnessed a severe shortage of labour in the recent years and the government started the Nitaqat program which had an inverse impact over the market. This program is an initiative to encourage businesses to hire Saudi nationals and had a negative impact on the traditional grocery retailers and bakeries. Traditional grocery retail market accounts for a major share of bakery products causing it the biggest retail channel for bakery sales in Saudi Arabia with products such as unpackaged breads, cakes, and pastries. The distribution channels of the breakfast cereals in Saudi are through hypermarkets, supermarkets, convenience stores, department stores, e-Retailers, and other general retailers.

Recent studies indicate that about 807 new bakery products were launched in Saudi Arabia in the recent years. Out of these new bakery products, 45% are new products and rest are a combination of new variation in the form of packaging, formulation, and variety of already existing products. Within the 807 new products, the top five ingredients used were white sugar, salt, wheat flour, sodium hydrogen carbonate, and emulsifiers. In 615 products white sugar, salt, and wheat flour are the most commonly used ingredients along with vegetable oils, palm oil, skimmed milk powder, and disodium diphosphate.  Also, 47% of the new bakery products were domestic, while other imported products were originated in the United Arab Emirates, Italy or Turkey. Consumers are increasing their preference for international bakery products rather than country made bakery products.

Awareness in health and wellness food products amongst Saudi consumers has increased and consumers are modifying their diet accordingly. It was observed that there is an increase in demand for whole wheat, reduced-sugar, and gluten-free bakery products by health-conscious consumers. The domestic leading player in Saudi Arabia's bakery product industry is Almarai Co. Ltd. The various bakery products in Saudi are crispbread, gingerbread, sweet biscuits, toasted bread, rusks, wafers, waffles and other bakery products. The bakery products market in Saudi Arabia is estimated to grow at a rapid rate due to the increasing population. The bakery product is a subsector within bakery products category and witnesses a huge growth in terms of sales and volumes. Overall, Saudi Arabia's both traditional and modern grocery retail market is thriving continuously and will witness a continuing growth over the next five years.

Biscuits market in Saudi has witnessed a strong performance and the growth is continuing over the recent years. The biscuit category consists of Savoury biscuits and sweet biscuits. Yildiz holding as is the domestic leading player in Saudi Arabia along with four international companies.

Breakfast cereals in Saudi include all forms of pre-packaged cereals whether eaten hot or cold and also include porridge oats, oatmeal and prepackaged cereal/milk kits. The breakfast cereal sector is the smallest sub-sectors within the bakery category in Saudi Arabia. The increasing population and with increasing families with dual income has led to more dependence on breakfast cereals due to lack of time. The breakfast cereal subsector is classified into three categories for children, family breakfast cereal, and hot cereal. The family breakfast cereal holds the largest share of more than 50% of retail volume of the cereals market, followed by children's breakfast cereals and hot cereals.

Breakfast cereals were not a part of the daily breakfast in the typical traditional Saudi Arabian household. However, the dynamic changes of households where women entering the workforce, demand has uplifted for easy breakfast cereals. The leading players in Saudi’s breakfast cereals are all multinationals such as Kellogg Co., General Mills Inc., PepsiCo Inc., Cereal Partners Worldwide SA, and Post Holdings Inc. These five competitors in Saudi Arabia collectively control more than half the breakfast cereal market along with other small players accounting for the remaining market. The breakfast cereal market in Saudi will witness a steady continuing growth over the next few years.

Key Topics Covered in the Report

Breakfast Cereals Market in Saudi Arabia

Saudi Arabia Cereals Market Revenue

Cereals Consumption in Saudi Arabia

Bakery Products Market In Saudi Arabia

Breakfast Cereals Future Outlook in Saudi Arabia

Saudi Arabia Cereals Market Research Report

Pre-Packaged Cereals Market in Saudi Arabia

Oatmeal Consumption in Saudi Arabia

Saudi Arabia Breakfast Cereal Retail Sales

Mondelez International Inc Market Share

Almarai Co. Ltd Market Share

Saudi Arabia Breakfast Cereal Market Competition

Saudi Arabia Breakfast Cereal Market Trends and Developments

Saudi Arabia Breakfast Cereals Trade

To know more about the publication, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/breakfast-cereals-bakery-cereals-market-saudi-arabia/135936-11.html

Related Reports:

Breakfast Cereals (Bakery & Cereals) Market in the United States of America-Outlook to 2021: Market Size, Growth and Forecast Analytics

Breakfast Cereals (Bakery & Cereals) Market in Spain-Outlook to 2021: Market Size, Growth and Forecast Analytics

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Ken Research

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Office Real Estate Market in Riyadh Led by Demand from Private Sector of Economy: Ken Research

Focus on diversification of economy, promotion of manufacturing and services sector and demand from services related to rising number of industrial unit led the growth in demand for office space in Riyadh.

Saudi Arabia is a key oil exporting country in the world and in the past few years has witnessed significant rise in other form of industries and services including energy, education banking and other service. This diversification of economy has created a significant rise in demand for office spaces across the country and especially in the capital city of Riyadh. Private players are the key participants in the rental office real estate market with small contribution coming from government agencies.  During the period 2013-2016 office real estate market has registered constant increase in demand and supply with supply exceeding the demand all the time. Rentals have remained nearly constant for most of the period and were dependent on type and area of the office. Demand was maximum in the central business district which occupies the major portion of the office space supply in the the city of Riyadh.

Rising share of private participation in the economy, entry of large number of foreign companies and positive developments in services and manufacturing sector along with growing participation of Saudi and women workforce promoted the demand for office space which is expected to continue in future. Demand for office space in Riyadh may face stiff competition from office space development in Jeddah and other cities. Government support will continue to play a key in creating new jobs and diversification of economy from oil and gas creating additional demand for office space in the city.

The report titled “Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) -Outlook to 2021” by Ken Research suggested that a Total occupied office space increased from 1.9 million square meters in 2013 to approximately 2.2 million square meters during 2016, achieving a CAGR of 4.4% during the same period. In 2016, the supply demand gap continues to exist even though the delay was observed in delivery of mammoth office spaces in KAFD

Source:https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html

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Riyadh Office Real Estate Market By Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) - Outlook To 2021: Ken Research

Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) - Outlook to 2021" provides a comprehensive analysis of Riyadh office real estate market. The report focuses on the overall market size by supply and demand, supply and demand gap analysis, market segmentation by major areas, average rental rates and future outlook by demand and supply. The report also covers a snapshot on Saudi Arabia office real estate market and key factors influencing the Saudi Arabia office real estate market. The report concludes with analyst recommendation for various participants in the industry and case study of major office complexes in the city.

Saudi Arabia Office Real Estate Market

Government’s aim to diversify the economy has attracted the development of manufacturing and services sector to open their businesses in Saudi Arabia creating a substantial demand for office spaces in the country. Programs such as Vision 2030 were launched in April 2016 and National Transformation Program (NTP) was launched in June 2016 with an aim to develop different sectors of the economy and country is expected to give positive boost to the economy. Riyadh will continue to lead the office real estate market in Saudi Arabia followed by Jeddah.

Factors Influencing the Sector of Office Space Demand in Saudi Arabia

Declining contribution of oil and gas sector mainly due to fall in oil prices has forced the government to look for other alternatives that can help in sustaining the economy. During 2012 to 2016 the share of GDP contribution from mining of crude petroleum and natural gas declined from ~% in 2012 to ~% in 2016 mainly due to fall in prices in the global market. The number of people employed in services sector increased from ~ million in 2012 to ~ million in 2016 registering a constant increase in number of people in services sector thus creating additional demand for office space. There has been constant rise in the number of industrial units operating in Saudi Arabia increasing from ~ units in 2012 to ~ units in 2016.

Riyadh Office Real Estate market

The total office real estate supply in Riyadh increased from ~ million square meters during 2013 to ~ million square meters of gross leasing area during 2016, registering a CAGR of ~% during the same period. Demand during the same period was lower than the supply. Total occupied office space increased from ~ million square meters during 2013 to approximately ~ million square meters during 2016, achieving a CAGR of ~% during the same period. Completion of Alajlan Tower (~ Sq m) and Al Tamaiouz Tower (~ Sqm), Olaya towers, MIG tower made significant contribution during the estimation period of 2013-2016. Constant oversupply in the market has made the rental stay stable.

Average Rental Rates in Riyadh Office Real Estate Market

The rental rate charged by office real estate developers in Riyadh varies across different building categories as well as location. It is evident that average rental rates across major business streets such as King Fahad road and Olaya Street are much higher because of better location and infrastructure facilities. Within these areas, the rent may vary depending on net area under lease, whether the company is private or government owned as well as type of company. As reported at the end of March 2013 rental rates were SAR ~ for Grade B offices and SAR ~ in Grade A office buildings. Rental rate at the end of 2016 was estimated at the average value of SAR ~. Rentals were lowest in Ayesha bint Abu Bakkar road and maximum on Northern ring road.

Riyadh Office real Estate Market Segmentation by Location

Central Business District was the key offices real estate market in Riyadh accounting for ~% (~ Sqm) of the net GLA available for leasing and renting in 2016. Occupancy rate was among the highest with an estimated ~% of the total supply being under lease. Most of the office buildings are located in close proximity to King Fahad Road and Olaya Road. The city core area supply ~% of the GLA with the average rentals in the city core which comprises locations like King Saud Road, Salahuddin Ayoubi Road range between SAR ~ to SAR ~ per square meter. The northern part has emerged as the new region for developing office spaces in the Riyadh. In 2016, only ~% of the office spaces in Riyadh were located in this area however many new upcoming projects including KAFD and ITCC are located in this area. Others include the suburban and small business areas which mostly cater to the local demand of the city. These include offices of local businesses and SME’s. Together they account for ~% of GLA supply in the city

Future Outlook to Office Demand and Supply Market in Riyadh

Supply of office real estate is expected to increase from ~ million square meters in 2017 to ~ million square meters in 2019 which will further rise to ~ million square meter in 2021. Completion of Riyadh metro will make north a more attractive option for new and upcoming offices. It is expected that completion of KAFD, ITCC and Nakhla tower will add an estimated ~ million square meter. This will make the northern part of Riyadh a key office destination replacing CBD. Majority of the office space developed in this area is of the A and B type. Governments plan to cut down the staff by ~% may have negative impact on the Riyadh office space market, however plans such as Vision 2030 and NTP 2020 is expected to have positive impact on the demand for office spaces in the city.

Key Topics Covered in the Report

·         Saudi Arabia Office Real Estate Market

·         Factors Affecting Saudi Arabia Office Real Estate Market

·         Riyadh Office Real Estate Market By Demand And Supply In Volume

·         Riyadh Office Real Estate Market By Supply And Demand Gap Analysis

·         Rental Rate Analysis In Riyadh Office Real Estate Market

·         Riyadh Office Real Estate Market Segmentation By Region

·         Future Outlook To Riyadh Office Real Estate Supply And Demand

·         Case Study Of Major Office Projects

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

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Huge demand for organic herbs, spices, sauces, dressings and seasonings in Saudi Arabia: Ken Research

Herbs, spices and seasonings are various pungent dried aromatic plant berries such as cinnamon, clove, nutmeg and many more which are added in cuisines for zest and flavour. Other products include all dried herbs excluding fresh herbs, spices and seasonings such as salt, pepper, seasoning mixes, paprika, etc. The rise in ethnic condiments market has witnessed a positive growth in sauces, dressing sauces, and condiments market in Saudi Arabia. To meet the changing tastes and preferences of the younger generation, condiments manufacturers are offering a wide range of products. There is demand for healthy organic herbs, spices, soy sauces, chilli sauces that are added as extra flavourings to the cuisines.

The increase in consumers’ health consciousness about organic sauces has gained popularity and is one of the key factors to attract the herbs, spices and seasoning market.  It was observed that many manufacturers are investing in organic farming and organic products related to herbs, spices and sauces to meet the ever growing population in Saudi Arabia. There are several international, regional, and local brands available in Saudi’s herbs, spices and seasonings market offering a diverse range of products. There is stiff competition among the leading players and each of them offers innovative and differentiated products.

According to the study “Herbs, Spices Seasonings (Seasonings, Dressings Sauces) Market in Saudi Arabia-Outlook to 2021: Market Size, Growth and Forecast Analytics”, the innovative culinary trend in Saudi has attracted various flavoured hot, cooking and instant sauces. The sauces, dressing sauces, and condiments market in categorized into table sauces, cooking sauces, dressings and pickled products. Cooking sauces are majorly used to provide instant taste to the cuisine.

Pesticides, fertilizers, additives, and other substances are found in regular food items causing health hazards after consumption. Therefore, there is a huge demand for organic foods and spices in Saudi Arabia. The rising focus on food safety has attracted the food processing companies to prefer organic spices in the manufacture of organic foods. Organic spices are used as flavouring agents in various cuisines to provide flavour and taste and medicinal properties. Few organic spices are chilli, ginger and turmeric. Manufacturers are incorporating latest technologies such as steam treatment to maintain quality, food safety, and organic standards for herbs, spices and seasonings. This trend helps manufacturers to sustain competitive environment within the market. The country’s slowed economic conditions, and consumers’ health awareness about organic foods had a positive effect in the growth of the organic spices market.

The major distribution channels of herbs, spices and seasonings are hypermarkets, supermarkets, convenience Stores, e-Retailers and others. The chief packing materials for herbs, spices and seasonings in Saudi Arabia are glass, flexible packaging, paper & board, rigid plastics, and others. The packing containers are of various types such as jar, bottle, bag/sachet, tub, box, pouch, and tube. The leading players in herbs, spices and seasonings in Saudi Arabia are Shama Food Industries, Mehran Spices & Food Industries and Heinz.

The global leading vendors in herbs, spices and seasonings market are KIKKOMAN SALES USA, McCormick & Company, The Kraft Heinz and Unilever. Other vendors are Bolton Group, CaJohns Fiery Foods, Conagra Brands, Del Monte, Edward and Sons, General Mills, Ken's Foods, MRS. KLEIN'S PICKLE, Newman's Own, Stokes Sauces, and Williams Foods.

It was observed that organic herbs, spices, dressing sauces and seasonings sector in Saudi Arabia will witness a rapid growth due to rising population, more consumption, new trends in the usage of packaging materials, distribution and brands. Organic spices such as hot pepper, vanilla, ginger, cinnamon, and black pepper occupy a major share in the herbs, spices and seasonings market along with other variants of the available products. Huge demand for premium products may influence the demand for sauces, dressings, and condiments market in Saudi over the coming years.

Key Topics Covered in the Report

Herbs Market in Saudi Arabia Market,

Spices Seasonings Market Saudi Arabia,

Saudi Arabia Spices Seasonings Market Research Report,

Saudi Arabia Herbs Consumption Analysis,

Saudi Arabia Spices and Seasonings Consumption Output,

Saudi Arabia Spices and Seasonings Demand,

Saudi Arabia Spices and Seasonings Import and Export,

Saudi Arabia Spices and Seasonings Production Output,

Saudi Arabia Spices and Seasonings Sales Volume,

Saudi Arabia Spices and Seasonings Market Revenue,

Saudi Arabia Spices and Seasonings Market Future Outlook,

KIKKOMAN SALES USA Market Share In Saudi Arabia,

Mccormick & Company Market Share In Saudi Arabia,

The Kraft Heinz Market Share in Saudi Arabia,

Saudi Arabia Spices and Seasonings Market Trends,

Saudi Arabia Spices and Seasonings Market Regulations

To know more, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/herbs-spices-seasonings-seasonings-dressings-sauces-saudi-arabia/128825-11.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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0124-4230204

Hi-tech developments in entertainment to boost the theme parks market in Middle East

The Middle East government is making efforts to increased tourism which is the key factor for the growth in theme parks. Investments by international players are expected to fuel the Middle East Theme Parks market over the coming years. It was observed that there is a continuing inflow of tourists which is shaping the Middle East theme parks along with a favourable investment and climate. Annual international events are usually organized in Middle East which is increasing the diversity of theme parks. Modernised theme parks have enhanced the stay of tourists with increasing supply of hotel rooms at a reduced price and had positive impact on the tourism sector.

According to the study “Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth”, every individual entering any theme park in Middle East need to pay an admission fee which generates huge revenue. Well established restaurants and eateries are present within the theme parks to cater to the increasing tourists needs which generate huge revenue. Middle East theme parks are designed with international standards, improved technology and safety which are attracting huge number of tourists. Saudi Arabia theme park market dominates the Middle East theme park market with a huge share in terms of revenue in the recent years with increase in tourists and this trend is ongoing.

The theme parks market is spread across UAE, Saudi Arabia, Qatar, Jordan and Kuwait regions in the Middle East. Sparky’s, Metropolis and Vortex are indoor family entertainment centres in Middle East theme parks which undergo technological upgrades regularly to meet the changing demands of customers. Flow House Waterpark in Kuwait was launched in September 2016 and attracts more tourists to the theme parks market in this region. Warner Bros amusement park in UAE and Kidzmondo theme parks in Saudi Arabia are yet to be launched by the end of the year, 2017. These two theme parks are anticipated to positively impact the overall Middle East theme parks market over the coming years.

The leading players in the Middle East theme parks market are Abha Palace Theme Park, Adventureland, Al Hokair Group, Al Hokair Land, Al Shallal Theme Park, Aqua Park, Aquaventure, Atallah Happy Land Park, Bollywood Parks, Circus Land, City Center, Doha Toys Town, Dreamland Aqua Park, DXB Entertainment, Fakieh Group , Fantasia Land, Fantasy Island, Ferari World, Fun Ville, Funday, Funville, Gondolania, HappyLand, Happyland Water Park, Iceland Water Park and Fun City, Jungle Land, Jungle Zone, King Fahd Park, Legoland Dubai, Legoland Waterpark, Luna Park, Majid Al Futtaim, Motiongate, Star City, Wild Wadi, World of Adventure, and Yas Waterworld.

Theme parks are a primary destination for enthusiastic consumers. Changing trends in consumer’s lifestyle, increase in consumer spending limit and technology developments in animatronics, hydraulics and pneumatics add hi-tech thrills to entertain consumers. Use of simulation, virtual reality and augmented reality technologies are gaining momentum. Almost all the Middle East theme parks provide high quality balanced family entertainment for all ages of consumers. Smart wristbands, smart applications, customized mobile applications, holiday related promotions are few of the outstanding IoT technology based benefits offered by the Middle East theme parks.

A partnership was established between investment groups and global players such as Warner Bros., Six Flags and SeaWorld to develop hi-tech theme parks in Middle East by the year 2020. There are major mega-projects under development in United Arab Emirates such as theme parks and safari parks. The theme parks in Middle East employs over 18,000 attendees in the hospitality sector as heads of major hotels, leisure resorts, spas, theme parks, aquariums, shopping malls and other areas.

Various stringent safety systems were installed in the theme parks to avoid any injuries during entertainment rides. Innovative hi-tech coasters are embedded with thousands of sensors to analyze load, air pressure, and weather conditions during launch. The new theme parks which are under construction may be incorporated with advanced robotics and automatically guided vehicles. New theme parks anticipated to be established in the countries of the Middle East will surely add to the overall revenues of the theme parks market. The theme parks sector in Middle East will witness a huge transformation in UAE’s leisure and entertainment offering. Middle East leisure and entertainment market will witness a whooping growth over the coming years with more international tourists, and ever increasing population.

To know more, click on the link below:

https://www.kenresearch.com/media-and-entertainment/gaming-and-gambling/middle-east-theme-park-market/111402-94.html

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Dubai Holding-Dubai Universal Studios Theme Park-UAE-Construction Project Profile

Saudi Arabia Theme Park Market Outlook to 2021 – Increasing Inflow of Tourists and Augmenting Demand for Indoor Theme Parks to Foster Future Growth

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Ankur Gupta, Head Marketing & Communications
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Increasing lifestyle diseases in Spain demand for uncontaminated drug administration using innovative drug delivery devices: Ken Research

The increase in occurrences of chronic diseases in Spain has triggered a growth in biologics market, technological advancements and introduction of new products. The improvement in efficacy of drug delivery, drug safety along with controlling the rate of drug delivery, time, and place of drug release in the body are the major elements affecting the drug delivery technologies. Almost all the companies are manufacturing smart and fast technologies which offer effective treatments for diseases. Majority of manufacturing companies are investing huge funds in the research and development of drug delivery systems that cater to the needs of patients for effective delivery of drugs.

The leading players in global drug delivery technology market are Johnson & Johnson, Inc. (U.S.), F. Hoffman-La Roche (Switzerland), Merck & Co., Inc. (U.S.), Bayer AG (Germany), Pfizer, Inc. (U.S.), Novartis AG (Switzerland), 3M Company (U.S.), Becton, Dickinson and Company (U.S.), GlaxoSmithKline plc, (U.K.), Sanofi (France), and Antares Pharma, Inc. (U.S.). The applications of drug delivery devices are at hospitals, ambulatory surgical centers, home care settings, diagnostic centers, other facilities such as medical data centers, research and clinical laboratories. Drug Delivery devices are used to administer medical drugs via Oral, Injectable, Topical, Ocular, Nasal, Pulmonary, Transmucosal, and Implantable.

The introduction of central venous catheters (CVCs) in Spain has created healthcare reforms with a positive impact and safety. It was observed that CVC’s are the best practices of using and managing invasive devices. CVC’s prevents and control healthcare-associated infections in hospitals, outpatient settings, and home healthcare settings along with associated complications. These key factors led to an increased adoption rate of CVCs in healthcare centres Spain. The increasing awareness about the antimicrobial technology has led to increasing adoption of antimicrobial CVCs. The central venous catheters in Spain are segmented into antimicrobial, non-antimicrobial, and non-tunneled catheter devices. The non-tunneled CVCs are also known as subclavian, percutaneous, and short-term catheters which are used as an alternative to peripherally inserted central catheters (PICC). Healthcares facilitating dialysis procedures for urological and renal disorders witness an increased influx of patients and a large requirement of catheterization. The applications of CVC’s are at multi-specialty hospitals, private hospitals, and hospital groups.

The leading players in the CVC’s in Spain are Teleflex Inc, C. R. Bard Inc, Edwards Lifesciences Corp and B. Braun Melsungen AG. The other vendors in central venous catheters market are Vygon, Cook, Amecath, AngioDynamics, BACTIGUARD, BD, Biosensors International, Boston Scientific, CONMED, Guangdong Baihe Medical Technology, Intra special catheters, isomed, Kimal, lepumedical, Medical Components, PRODIMED, SCW MEDICATH, SILMAG, Smiths Medical, Terumo, TROGE MEDICAL, TUOREN Medical, VOGT MEDICAL, and ZOLL Medical.

According to the study “Spain Drug Delivery Devices Market Outlook to 2023-Central Venous Catheters, Infusion Systems, Needle Free Injections and Metered Dose Inhaler Devices”, large hospitals across the country acquire or merge with medium and small hospitals to enhancing the quality of treatment. Merging improves the capital investment, technology, and infrastructure of the small hospitals. Therefore, more population will prefer quality treatment which in turn demands for infusion pumps and reduces cost. Also, smaller hospitals under the wings of bigger hospitals provide complicated treatments and surgeries that involve infusion of drugs and fluids such as blood and nutrients with the use of infusion pumps. The infusion pumps market in Spain will witness a steady growth over the coming years.

The infusion pumps are manufactured and sold at local and international levels. The global manufacturers focus on improved technologies, high-quality products, and brand image. The increasing demand for infusion pumps and accessories such as injection port, IV cables, syringes, air embolism, infiltration, hematoma, and dose error will have an adverse impact on the infusion pumps market. The applications of global infusion pumps are at the ambulatory surgical centers (ASCs), hospitals, and physician’s offices.

Infusion pumps are used in healthcare facilities to inject fluid drugs, nutrients, and blood in a controlled manner. The adoption of infusion pumps in almost all chronic illnesses and cancer cases is expected rise with modern lifestyle and is sure to support the growth of infusion pumps market over the coming years. Spain infusion systems market is segmented into ambulatory infusion pumps, enteral infusion pumps, implantable infusion pumps, infusion disposable set, syringe pumps and volumetric pumps. The leading players in Spain’s infusion pumps market are Hospira Inc, Becton Dickinson and Co, Baxter International Inc and Medtronic plc. The other vendors in the infusion systems market are Flowonix Medical, InfuSystem, Moog, Medovex, and Zimmer Biomet.

A metered-dose inhaler (MDI) is a device used to deliver a specific amount of medication to the lungs. MDI delivers drug in the form of a short burst of aerosolized medicine through inhalation. MDI is used to treat asthma, chronic obstructive pulmonary disease and other respiratory diseases. With the initiation of macromolecular medications using metered-dose inhaler the scope of aerosol drug delivery is expanding to other non-respiratory illnesses such as diabetes, analgesia, thyroid disorders, and other genetic disease. The leading players in Spain’s metered-dose inhaler market are GlaxoSmithKline Plc, AstraZeneca Plc and Boehringer Ingelheim GmbH. The MDI market in Spain will witness a steady growth over the coming years.

Needle free injection technology (NFIT) includes a wide range of drug delivery systems. Drugs are administered through skin using any of the forces as Lorentz, Shock waves, pressure by gas or electrophoresis nullifying the use of needle. This technology is highly useful in mass immunization programmes. NFIT devices are classified based on their working, type of load, mechanism of drug delivery and site of delivery. The sterility, shelf life and viscosity of drug are the main components for a stable, safe and an effective drug dose through NFIT. The NFIT market in Spain will witness a steady growth over the coming years.

The key factors driving the growth in drug delivery devices market are increased prevalence of chronic diseases, technological advances, increase in individual therapy, increased understanding about drug metabolism among the population, and requirement of controlled drug release. The major challenges faced by Spain’s drug delivery devices market are injuries, infections, high cost and strict regulatory framework. The various drug delivery devices in Spain also include injectable, transdermal, ocular, implantable, oral, nasal, topic and pulmonary drug delivery devices. The major players in Spain’s drug delivery devices are INJEX – Equidyne Systems, Teleflex Inc, B. Braun Melsungen AG, Bioject Medical Technologies Inc, GlaxoSmithKline Plc, Baxter International Inc, Edwards Lifesciences Corp, Antares Pharma Inc, AstraZeneca Plc, Boehringer Ingelheim GmbH, Fresenius Kabi AG, Pfizer Inc, Merck & Co Inc, Becton Dickinson and Co, C. R. Bard Inc, Smiths Medical, Terumo Corp, Teva Pharmaceutical Industries Ltd, Medtronic Plc and Hospira Inc. Overall, the drug delivery devices market in Spain is expected to grow steadily over the coming years.

Key Topics Covered in the Report

Spain Drug Delivery Devices Market Research

Spain Drug Delivery Devices Market Size

Infusion Pumps Market In Spain

Spain Needle Free Injection Technology

Metered-Dose Inhaler (MDI) Market in Spain

Needle Free Injection Technology (NFIT) Market in Spain

Central Venous Catheters Demand in Spain

Global Drug Delivery Technology Market Research

Johnson & Johnson Market Share In Spain

Merck & Co., Inc Market Share In Spain

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/healthcare/medical-devices/spain-drug-delivery-devices/135988-91.html

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