Intragastric balloons market worth US$198.56 million by 2021

Global Intragastric Balloons Market - Strategic Asessment and
 Forecast Till 2021

Intragastric balloons are the saline-filled silicone balloons placed in the stomach for a span of months and limits intake of food by giving the feeling of satiety. These balloons permit patients to sense fullness, controls hunger, delays gastric emptying by altering gut hormones and peptides thus reducing food intake ultimately.

Today, intragastric balloons can be used as treatment for obesity as a pre-emptive therapy, a metabolic therapy, or a primary therapy. Endoscopic procedures under mild sedation are used to place one or more intragastric balloons in the stomach in an outpatient setting. These balloons not only help in weight loss but also helps in recovering the metabolic disorders. The intragastric balloons are widely used because of its advantages of easy implantation, cost effectiveness and less risk. There are various advantages offered by intragastric balloons such as improved metabolism, alterations in gastrointestinal hormones, low price, and short hospital stay.

The worldwide intragastric balloons market is expected to reach approx. US$198.56 million by 2021, growing at a CAGR of 7.01% during the forecast period 2015-2021.

Factors such as presence of a large obese population, change in lifestyle, need to

reduce hospital stay, short recovery time, and availability of low-priced intragastric

balloons are driving the growth of the global intragastric balloons market.

Also, growing opportunities in the obesity market in the US are likely to serve as

high growth revenue pockets for players operating in the market. In 2015, the US

spent US$10,000 per person on healthcare annually; this figure is almost two-and a-

half times that of countries in the Organization for Economic Cooperation and

Development (OECD), and 50% higher than the next-highest spending countries,

namely, Switzerland and Norway. A large portion of the US healthcare expenditure

is spent on programs related to chronic diseases such as obesity. The growing

adoption of intragastric balloons is expected to drive in the US to manage obesity.

However, limitations and adverse events of intragastric balloons are likely to limit

the adoption of this technology. In terms of geography, EMEA accounted for a major share of the market in 2015. This can be attributed to increased consumption of fast food in these regions, reduced physical activities, and Europe being the old market to use intragastric

ballooning technique.

Apollo Endosurgery, ReShape Medical, Helioscopie, Allurion Technologies, Obalon

Therapeutics are among the leading players in the market. After the USFDA approval, ORBERA (Apollo Endosurgery Inc.) and ReShape Duo (ReShape Medical Inc.) in 2015, the intragastric balloons re-entered the US market. Also, in March 2015, Obalon Therapeutics Inc. initiated patient enrolment in a multi-center US pivotal trial of the Obalon balloon post which Obalon would be approved for sale in the US. In addition, in late 2015, Elipse by Allurion Technologies received European Union (EU) CE mark approval and is available in

the UK, Italy, and France. Fengh Medical, MEDSIL, Phagia Technologies, Silimed, Endalis, Tulip Medical Products, LIFE PARTNERS EUROPE, BARAnova Therapeutics, Districlass Medical, and Shandong Institute of Medical Instruments are other players in the market.

  

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AMN Healthcare, CHG Healthcare or Cross Country Healthcare who will fill the healthcare staff need in US

 

Healthcare Staffing Market in US | Beige Market Intelligence 

The healthcare industry in the US is witnessing a shortage of nurses in the country. Despite the fact that the registered nurses are among the single largest healthcare professionals in the country, the vacancy rate for registered nurses is growing. US will need more than 1 million registered nurses by 2021.

Similarly the Allied health segment is witnessing a huge demand for physician assistants and practitioners in the healthcare organizations. Further, an increase in aging population, a rising homecare market, and a growing shortage of skilled workforce are some of the reasons that have contributed to the demand of allied healthcare staffs. A growing shortage of primary care and specialty physicians in the country has boosted the demand for locum tenens staffs as well.

 Looking at the scenario of the huge demand of the healthcare staff in US the healthcare staffing companies in US have already started utilising their strength and strategies to dominate the market.

AMN Healthcare

AMN Healthcare Services is the leader in the healthcare staffing market in the US. The company was founded in 1985 and got incorporated in November 1997. Headquartered in San Diego, California, the company is the largest supplier of healthcare workforce solutions and staffing services in the country.

The services offered by the company are basically nurse and allied healthcare staffing, locum tenens staffing, physician permanent placement services. Under these segments, the company offers a wide array of workforce solutions and staffing services through various brands.

To Drive increased adoption of workforce solutions and staffing services, increased focus on entry into new markets while continuing to excel in the traditional healthcare staffing services, continue to strengthen its operational and technological capabilities by integrating technological solutions such as data analytics in its recruitment process are some of the key strategies.

CHG Healthcare Services

CHG Healthcare Services is the second largest healthcare staffing solutions and service provider in the US. Founded in 1979, the company, formerly known as CompHealth Group, started the concept of travelling physicians or locum tenens to deliver medical care in rural communities of Western US. The company renamed itself as CHG Healthcare Services in 1995. The company supplies locum tenens, physicians (both, temporary and permanent), nurses, and other healthcare professionals to healthcare organizations. Based in Salt Lake City, Utah, the company has seven offices across the country. Apart from CHG Healthcare, the business line of the company has the following healthcare staffing brands: CompHealth, Foundation Medical Staffing, RNnetwork, and Weatherby Healthcare.

The companies key strategy is constant investment in training and development of its employees to retain them and shape their career.

 The company also offers resources, courses, and support for leadership development; professional and personal development; technical training; sales training; and coaching resources to develop its employees’ career.

Cross Country Healthcare

Cross Country Healthcare was the third largest healthcare staffing services provider in the US in 2015. Headquartered in Boca Raton, Florida, US, the company is a prime supplier of healthcare workforce solutions and offers healthcare staffing and recruitment services through 73 branches spread throughout the US and the Caribbean.The company operates through three business segments such as nurse and allied staffing, physician staffing, Other human capital management services.

One of the key strategies is to continue investing in technological initiatives as the company recognizes that people have individual communication preferences. By investing in technological initiatives, the company enhances its efficiency and effectiveness of business interaction with clients. The company also invests in mobile and online technologies to increase its ability to retain existing pool of healthcare professionals, as well as, attract new ones. Also the company focuses on improving its fill rate at current MSP accounts and makes strategic acquisitions to broaden and strengthen its market presence.

Jackson Healthcare

Jackson Healthcare is among the leading healthcare staffing vendors in the US. It offers recruitment and placement services for physicians, travel nurses, and other healthcare professionals in the country. It also offers anaesthesiologists. It serves over 7 million patients in over 1,300 healthcare facilities across the US along with its subsidiaries. The company also offers logistic solutions to hospitals for systemic operational efficiency and patient throughput.

The company offers recruitment services for registered nurses, physicians, IT project management contractors, supplemental rehabilitation therapists, certified surgical assistants, pharmacy staff, IT staff, and other allied healthcare professionals. It also provides anaesthesia department management services along with healthcare executive search and advisory services.

The companies key strategy is to constantly offer training and the necessary resources to its existing workforce to offer quality services to its employees. It helps curb attrition, as well as, attract talents through personal reference by current working associates.

Maxim Healthcare Services

Maxim Healthcare Services was the fifth largest healthcare staffing service providers in the healthcare staffing market in the US in 2015. Founded in 1988, the company offers a comprehensive range of services and quality care. Headquartered in Columbia, Maryland, the company offers healthcare staffing and administrative personnel services to hospitals, nursing homes, school systems, and correctional facilities. The company operates through various business divisions in the market, spread throughout the US at about 360 locations.

The company offers medical staffing, home health, and wellness services in communities in the country. It also offers in-home personal care, therapists, management and/or treatment of a variety of conditions by skilled nurses, home health aides, and medical social workers. The company also provides non-medical or companion care services to assist senior citizens and other individuals. It also offers staffing services such as government staffing, physician and dental staffing, allied health staffing, administrative staffing, pharmacy staffing, executive placement, nurse staffing, clinical research consulting and staffing, health information management/medical coding, and therapy staffing in medical facilities.

The other emerging vendors in the market include Accountable Healthcare Staffing, Aya Healthcare, Favorite Healthcare Staffing, InGenesis, Healthcare Staffing Services, Medical Solutions, MedPartners, Parallon Workforce Management Solutions (HCA), Soliant Health (Adecco), trustaff, Vista Staffing Solutions

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North America to remain in the dominant position in the Patient Temperature Management Market till 2021

Patient Temperature Management Market | Beige Market Intelligence

North America accounts for the largest share of the Patient Temperature Management market and is expected to continue in the near future. This dominance can be attributed to a large number of surgical procedures that are taking place in the region. Mostly the market penetration is in the two major countries in the US and Canada.

A recent report published at Beige Market Intelligence provides an in depth analysis of the Patient Temperature Management Market. The report along with the market growth by products and end user segment also gives a detailed analysis of the major regions holding the accountable number of market shares. The report has also outlined the factors which are going to drive the market for the forthcoming years.

The report says In 2011, more than 1.2 million hip and knee replacement surgeries were performed in the US and this number is estimated to cross approximately 3.5 million by 2030. This figure shows the increased use of Patient Temperature Management systems.

The American Society for Aesthetic Plastic Surgery and Canadian Institute for health Information confirms that more than 2,00,0000 surgeries took place together only in Canada and US till 2013. (Exact figure and information available in the report). It gives a clear indication about the expected increase in use of Patient Temperature Management Devices.  Furthermore, factors such as rise in number of surgical centers, high incidences of cardiac arrest and neurological disorders, and high adoption rate of technologically advanced products in North America can be attributed for the highest market share of North America.

Patient Temperature Management Market in US

The US holds the largest share in the patient temperature management market in North America. The market in the US is primarily driven by high incidences of various diseases such as neurological disorders and cardiac arrests, rise in aging population, adoption of technologically advanced patient warming and cooling systems, to name a few to improve healthcare infrastructure.

According to the American Medical Association (AMA) nearly 60% of the population aged above 65 years will be suffering from more than one chronic disorder by 2030. Furthermore, more than 85% of the population in this age die from heart disorders every year. Certain surgical procedures are required to be performed for the treatment of age-related disorders. Also large volumes of surgical procedures are being carried out in the country.

The increasing prevalence of chronic disorders such as heart diseases and brain strokes in the US will continue to boost the growth of the patient temperature management market during the forecast period.

View the Report “Global Patient Temperature Management Market – Strategic Assessment and Forecast Till 2021”.

Patient Temperature Management Market in Canada

The patient temperature management market in Canada is likely to increase due to high incidence and prevalence of strokes in Canada during the forecast period. 

It is estimated that more than 50,000 strokes (one stroke in every 10 minutes) occur in Canada every year. In 2012, approx. 6% (nearly 14,000) of deaths in Canada resulted due to strokes (Source: Statistics Canada). Also, the risk of strokes doubles every 10 years after an individual reaches 55 years of its age (Source: Heart and Stroke Foundation of Nova Scotia, Canada). 

In addition, growing number of surgeries is further accelerating the growth of the market. According to the Canadian Institute for Health Information (CIHI), almost 500,000 Canadians underwent priority surgical procedures and specialized treatments in 2012, which was an increase as compared to 2011. Also, initiatives by the government to increase the number of highly qualified and skilled surgeons in Canada is also supporting the growth of the market. For instance, the Royal College of Physicians and Surgeons of Canada in 2012 initiated the Future of General Surgery Project with an aim to ensure that all graduates undergoing Canada’s General Surgery residency programs were well prepared to deliver surgical care in various practice settings across the country.

 According to the report after North America, Asia-Pacific region is expected to grow. Europe is expected to grow at a slow pace amongst all the geographies.  The report provides a detailed analysis of the market size and growth aspect of the major regions. It includes a detailed analysis of the strategies used by major vendors in the market along with the emerging vendors analysis.

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Beige Market Intelligence is new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analysed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.

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