Medical Marker Bands Market: Opportunities and Forecast Assessment, 2019-2029 | Merit Medical Systems, Inc,Prince & Izant Company,Putnam Plastics

Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide.

Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On the back of these factors, Fact.MR- a well-established name in the market research domain-forecasts that the global medical marker bands market will experience a major upsurge, reaching a growth of ~ US$ 28 Mn by 2029.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=4364

Key Takeaways of Medical Marker Bands Market

• According to Fact.MR, growth of the medical marker bands market is expected to increase 1.7X during the forecast year owing to increased usage of medical marker bands in cardiovascular intervention procedures
• High visibility under x-ray is expected to be the promising factor for increased use of medical marker bands in critical medical procedures
• Feasibility of tracking catheter position in a complex endovascular procedure to avoid instrument and vessel collision is boosting the demand for medical marker bands

“Critical manufacturing processes involved in the production of medical marker bands can be made more cost-effective through progressive automation technologies with advanced software platforms, robotics, and sophisticated techniques which are expected to positively impact the medical marker bands market," says the Fact.Mr Analyst.

Acquisitions and Mergers Signify Growth in a Fragmented Market

• The medical marker bands market is fragmented. Tier 1 players functioning in the medical marker bands market include Merit Medical Systems, Inc., and Putnam Plastics. Both companies have a high market share owing to their brand recognition and global reach.
• Dearth of advanced manufacturing facilities coupled with a large aging workforce and skills gap in countries such as India and China are encouraging export of medical marker bands from other countries such as the U.S., Germany, the U.K., etc. To overcome these issues, key players are focusing on increasing their reach through acquisitions and mergers. For instance:
• In August 2019, Biomerics merged with Northeast Laser & Electropolish, a contract manufacturer providing services to a wide range of medical device manufacturers. This merger formed Biomerics NLE, a metal division of Biomerics that provide full-service metal processing to the interventional and surgical medical device industry.

For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4364

Looking for more information?

The research study on medical marker bands market by Fact.MR incorporates an unbiased assessment of key demand-driving factors and trends which have shaped the landscape of medical marker bands over 2014 – 2018 and includes a detailed assessment of key parameters that are anticipated to exert influence over 2019 – 2029. Market statistics have been presented on the basis of material (gold, platinum-iridium, platinum, polymer, palladium, tantalum, and others) across seven major regions.

Fact.MR’s Domain Knowledge in Healthcare

Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

Get Full Access of the Report @ https://www.factmr.com/checkout/4364/S

Unit No: AU-01-H
Gold Tower (AU)
Plot No: JLT-PH1-I3A
Jumeirah Lakes Towers, Dubai
United Arab Emirates
Contact: +353-1-6111-593
E-mail: sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.
We believe transformative intelligence can educate and inspire businesses to make smarter decisions.
We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.