Advanced therapies equipment are innovative and cutting edge medical devices. These medical devices offer high efficacy levels, which has attracted significant attention and investments. New generation of medical devices such as surgical imaging devices are expected to be launched in the advanced therapies equipment market in the next few years. Technologies such as next generation image-guided therapy platform, which is capable of performing wide range of catheter-based procedures, bring revolutionary changes in the field of medical surgery, especially in minimally-invasive, by reducing errors and speeding up procedure time.

In terms of device type, the global advanced therapies equipment market can be classified into angio systems, C-arm systems, and others. The angio systems segment is projected to grow at a rapid pace during the forecast period. This is attributed to unparalleled performance with revolutionary X-ray imaging and unique sensitivity of ultra-low dosing imaging facility which helps perform minimally invasive procedures in a more convenient way. Based on application, the market can be categorized into pain management, cardiovascular, orthopedic, spine surgery, and others. The cardiovascular segment is expected to grow at a rapid pace due to high prevalence of cardiovascular diseases across the globe. In terms of end-user, the global advanced therapies equipment market can be divided into hospitals, diagnostic laboratories, and others. The hospitals segment is anticipated to expand at a high CAGR during the forecast period, as large number of patients prefer diagnosis of diseases in hospitals due to the availability of treatment and diagnostics under one roof.

Advanced therapies equipment offer revolutionary treatments for a number of diseases such as cardiovascular, orthopedic, urology, and gastrointestinal. Rise in demand for minimally invasive procedures, which is emerging as the new standard in precision medicine, and increase in complexity of different surgical procedures that require complex advanced equipment are the major factors that drive the global advanced therapies equipment market. However, high price of the devices and increase in utilization rates for installed systems hamper the growth of the advanced therapies equipment market.

In terms of region, the global advanced therapies equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017. The region is projected to account for significant share of the global market during the forecast period, due to rise in prevalence of cardiovascular diseases. According to National Center for Health Statistic, 2011, heart disease is the leading cause of death in the U.S., and killing more than 600,000 Americans each year. Increase in demand for minimally invasive surgeries among the geriatric population is anticipated to augment the advanced therapies equipment market in Europe. Rise in prevalence of orthopedic disorders and cardiovascular diseases in countries such as India and China, availability of advanced devices, and increase in awareness about the advantages of minimally invasive surgery are likely to propel the market in Asia Pacific during the forecast period. Rapid rise in health care infrastructure and high prevalence of diseases such as cancer propel the advanced therapies equipment in Middle East & Africa.

Key players operating in the global advanced therapies equipment market are Hologic, Inc., Siemens Healthineers, Medtronic, Canon Medical System Corporation, GE Healthcare, Koninkliike Philips, Shimadzu Corporation, and Aton GmbH, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Advanced Therapies Equipment Market Global

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