As a biomed, bringing your talent to a developing world hospital that is struggling for sound medical equipment can be an intensely satisfying experience. For those who are thinking about making a medical mission trip to the developing world for the first time, partnering with an organization that can help prepare supplies and contacts is key to a successful experience.
According to a new study by ReportBuyer, the global infusion pump market was estimated to be worth $8.1 billion in 2016 and is expected to surge to more than $14.7 billion by 2025. The rise in the geriatric population, along with the increased prevalence of chronic diseases, is expected to boost demand for infusion pumps and drive the global market toward rapid growth.
The global pacemakers market is projected to surge from its current $4.4 billion valuation to $4.9 billion by 2023, at a CAGR of 2%, according to a new report. This market is driven by various factors such as the increasing prevalence of cardiovascular diseases and technological advancements in medical devices, researchers say.
According to a new report, the global anesthesia and respiratory devices market accounted for $23.4 billion in 2016, and is estimated to reach $38.3 billion by 2023, registering a compound annual growth rate of 7.2%. Advancements in technology and an increase in the geriatric population are driving market growth, researchers say.
Mettawa, Ill.-based Vyaire Medical Inc., a global player in the ventilation technologies market, has signed an agreement to acquire the ventilator business and the imtmedical brand name. The traditional business unit testing devices, including test lungs, will be continued under the brand IMT Analytics and will remain in the possession of the previous ownership.