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(MoneyNewsWire.Net, January 05, 2019 ) According to the latest publication from Meticulous Research®, the global pulse lavage market is expected to grow at a CAGR of 8.0% from 2018 to reach $327.8 million by 2024, driven by factors such as rapid increase in geriatric population, rise in sports and road accident injuries, growing volume of orthopedic procedures, and technological advancements in development of surgical tools. Moreover, significant opportunities from emerging economies further supports the growth of this market.
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By product type, pulse lavage devices are expected to witness a rapid growth in the forecast period owing to increasing aging population coupled with chronic illnesses such as orthopedic disorders. Moreover, growing number of accidents and chronic wounds associated with diabetes and pressure ulcers is further propelling the use of pulse lavage.
In pulse lavage market by usability, disposable pulse lavage systems commanded the largest share due to low chances of cross-contamination with their use and it doesn’t need maintenance. The disposable systems come in two forms- an environmentally-friendly version that eliminates the need for alkaline batteries and a flexible and mobile version with battery pack integrated into the handpiece, enabling the caregiver to provide quality care.
In pulse lavage market by application, orthopedics segment commanded the largest share and is expected to witness a rapid growth during the forecast period, mainly due to growing prevalence of bone disorders such as osteoarthritis with rising geriatric population and obesity rates.
Hospitals & clinics were the largest end users of pulse lavage products in 2017; whereas, long-term care facilities are expected to witness a rapid growth during the forecast period.
Geographically, Asia-Pacific will be the fastest growing regional market due to rising population base, accelerated economic growth and health insurance penetration, growing government focus on healthcare sector, and growing income levels and improved access to healthcare.
Major players operating in the global pulse lavage market are Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, MicroAire Surgical Instruments, LLC, Mölnlycke Health Care AB, C. R. Bard, Inc., Heraeus Holding GmbH, Judd Medical Limited, Corin Orthopaedics Holding Ltd, De Soutter Medical Limited, and Atlantic Surgical Ltd.
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Meticulous Research™
Viren
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viren@meticulousresearch.com
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