Press release
Demand for Medical Marker Bands Soars as Cost-effective Materials Boost Sales Through 2029
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.For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4364
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.
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
For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=4364
• 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.
Key Segments of Medical Marker Bands Market
Fact.MR’s study on the medical marker bands market offers information divided into two important segments - material type and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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Material Type
• Gold
• Platinum-Iridium
• Platinum
• Polymer
• Palladium
• Tantalum
• Other
Region
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa
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.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/04/01/1790807/0/en/Lewy-Body-Dementia-Treatment-Market-Driven-by-Surging-Cholinesterase-Inhibitor-Sales-Fact-MR-Study.html
• 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.
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Content Source: https://www.factmr.com/media-release/1188/medical-marker-bands-demand
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