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Showing posts from May, 2022

Cell Separation Market Expected to Expand CAGR of 18.8% by 2028 With a Substantial Growth Of Specialty Drugs And Personalized Medicine

  Cell Separation Industry Overview The global cell separation market size was valued at USD 6.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.8% from 2021 to 2028. Cell separation plays an important role in various applications including biologics designing and development, therapeutic protein production, in-vitro diagnostics, and other research applications. The rising prevalence of chronic and infectious diseases, such as cancer and Covid-19, and continuous government initiatives to improve the biotechnology industry are the major driving factors contributing to market growth. In addition, the COVID-19 pandemic has created a lucrative opportunity for researchers to study and understand this new infectious virus, to develop treatments and diagnostic tools for it. Several pharmaceutical and biotech giants have been conducting rapid and extensive R&D activities to develop novel vaccines, therapies, and testing kits. This has signific...

Sleep Apnea Devices Market Expected to Lead to a Rise in the Growth Revenue at USD 6.1 billion by 2028

  Sleep Apnea Devices Industry Overview The global sleep apnea devices market size was valued at USD 3.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Sleep apnea is a sleeping disorder, characterized by irregular breathing, thus providing insufficient oxygen to the brain. According to an American Sleep Association study published in 2020, an estimated 50 million to 70 million people in the U.S. are suffering from some form of sleep disorders. Moreover, according to Canadian Respiratory Journal in 2014, around 5.4 million adults in Canada were diagnosed with sleep apnea or were at higher risk of developing OSA. According to a study conducted by ResMed in 2018, around 175 million people in Europe were suffering from sleep apnea. The prevalence of sleep apnea is high in the elderly population and remains underdiagnosed owing to factors such as lack of awareness among people and non-specific presentation of the disease....

Orthopedic Soft Tissue Repair Market Driven by Healthcare Awareness with CAGR of 6.3% from 2021 to 2028.

  Orthopedic Soft Tissue Repair Industry Overview The global orthopedic soft tissue repair market size was valued at USD 5.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028. Increasing incidence of soft tissue injuries due to growth in the aging population, obesity rate, sports and physical activity injuries, and trauma accidents is likely to propel market growth over the forecast period. In addition, innovations in new therapies and devices, growing R&D activities, and increasing healthcare awareness and per capita expenditure with a lack of substitutes for soft tissue repair therapies, are other factors expected to drive the demand for orthopedic soft tissue repair therapies. The introduction of new developing technologies, such as biological meshes, bioprinting, and biofabrication, is also expected to bolster market growth. For instance, CoNextions TR by CoNextions Medical provides a fast surgical process, stronge...

Intracranial Aneurysm Market Dominated at CAGR of 8.9% from 2021 to 2028 by the Functional Medical Device Sector

  Intracranial Aneurysm Industry Overview The global intracranial aneurysm market size was valued at USD 1.06 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The increasing number of patients suffering from cerebrovascular disorder and the rising adoption of minimally invasive intracranial aneurysm procedures are expected to drive the market in the coming years. An intracranial aneurysm is a bulging in the wall of an artery in the brain. It results in an abnormal ballooning, widening, or bleb. This majorly occurs in an artery located in the front part of the brain, which supplies oxygen-rich blood to the tissues. Factors contributing to the formation of a brain aneurysm are smoking, hypertension, injury/trauma to blood vessels, and genetic predisposition. The treatment of brain aneurysms includes medical therapy, surgical clipping or endovascular therapy, or coiling without or with adjunctive devices. The increasing nu...

Home Infusion Therapy Market - Bringing Expertise Of Hospitals In Our Living Rooms

  Home Infusion Therapy Industry Overview The global home infusion therapy market size was valued at USD 31.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030. Home infusion therapy refers to the process in which patients receive treatment at home through the administration of drugs or biologicals through catheters and needles. Receiving treatment at home as opposed to hospitals or healthcare facilities is a cost-effective and more convenient option for patients, further driving the need for home infusion therapy. The Covid-19 pandemic had a positive impact on the home infusion market as the technique of home infusion was the need of the hour as healthcare settings were burdened with increasing covid patients. The regional and country-wide lockdowns had significantly affected operations and supply chains but the market increased considerably in 2020. According to Medtech Dive, in October 2020, Baxter announced third-quar...

Aesthetic Medicine Market expected to be in high demand at USD 332.1 billion by 2030

  Aesthetic Medicine Industry Overview The global aesthetic medicine market size was valued at USD 63.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2022 to 2030. Manufacturers coming up with innovative aesthetic devices has led to an increased demand for aesthetic treatments in recent years. For instance, the introduction of technologically advanced products, such as non-invasive body contouring systems that use fat freezing technology, is expected to create lucrative opportunities for market growth in the coming years. According to the Aesthetic Society (U.S.), non-invasive body fat reduction was among the top 5 non-invasive procedures in the U.S. in 2020 with 140,314 procedures being carried out. The COVID-19 pandemic had significantly affected the market for aesthetic medicine. Initially, social distancing and a sudden sharp cut in consumers’ income levels had negatively impacted the market. The market had witnessed a phase o...

Medical Fiber Optics Market witness substantial growth owing to the increasing demand in the medical device Sector

  Medical Fiber Optics Industry Overview The global medical fiber optics market size was valued at USD 927.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. The rapidly advancing healthcare infrastructure, growing awareness regarding minimally invasive surgical procedures, widespread adoption of technologically advanced medical products, growing prevalence of chronic diseases such as cancer, and a significant surge of endoscopic procedures for diagnostic and therapeutic purposes are expected to bolster the market growth. Growing awareness regarding the benefits associated with minimally invasive surgeries is directly contributing to the surge in the number of procedures, creating a strong demand for fiber optic wires, sensors, and miniaturized cameras, thereby driving the market for medical fiber optics in various healthcare settings. Furthermore, lasers are being widely used in cosmetology and dentistry and numerous r...

Dermatology Devices Market anticipated to grow at USD 34.3 billion by 2030

  Dermatology Devices Industry Overview The global dermatology devices market size was valued at over USD 12.5 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 11.9% over the forecast period. The increasing prevalence of skin cancer and other skin diseases is contributing largely to the high product demand. Furthermore, the growing awareness among people about the esthetic appeal and technological advancements in dermatology devices are also increasing the adoption of these devices significantly. A rise in disposable income is also considered as one of the important factors driving the market growth. The prevalence of melanoma and non-melanoma skin cancers is rising significantly. According to The Skin Cancer Foundation, around 10,130 people die due to melanoma every year in the U.S. Furthermore, the American Cancer Society 2018 statistics had stated that, in the U.S., around 91,270 new melanoma cases will be diagnosed in that year. Meanwhile...

Defibrillator Market expected to reach USD 20.6 billion by 2030

Defibrillator Industry Overview The global defibrillator market size was valued at USD 11.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. Increasing product developments, rising incidence of sudden cardiac arrest, growing awareness among the general public, and supportive initiatives by governments and healthcare organizations are some of the key factors fueling the growth of this market. In May 2021, an Australian company- Rapid Response Revival Research Ltd. received a CE mark for its CellAED-the world’s first personal AED for home use. This supported the company’s growth strategy. The COVID-19 pandemic adversely impacted the market, in particular the ICDs market, with dampened demand and sales during 2020. The sales improved as the hospitals resumed elective surgeries. However, the progression of COVID-19 in several key markets continued to create uncertainty during the year. Abbott, for instance, reported improvement i...

Capnography Devices Market To Witness Considerable Growth of 9.9% from 2022 to 2030

  Capnography Devices Industry Overview The global capnography devices market size was valued at USD 565.3 million in 2021 and is expected to witness a compound annual growth rate (CAGR) of 9.9% from 2022 to 2030. Technological advancements, the prevalence of respiratory diseases, and supportive government initiatives are anticipated to boost the market growth over the forecast period. The growing adoption of capnography in the treatment of respiratory diseases, due to higher reliability and efficiency, is expected to improve the medical efficiency of these devices in patient monitoring. According to a 2020 report by the Office of Disease Prevention and Health Promotion, more than 25 million people in the U.S. are suffering from asthma. During the COVID-19 pandemic, market players, such as Medtronic, experienced a surge in the demand for capnography devices, among other respiratory system-related products. This was mostly because capnography devices fall under the category of no...

Specialty Chemicals Market Growth Opportunities, Top Key Players, Target Audience And Forecast To 2028

  Specialty Chemicals Industry Overview The global specialty chemicals market size was valued at USD 586.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2028.  Growing demand for high-performance and function-specific chemicals across the end-use industries such as oil and gas, pulp and paper, and personal care and cosmetics is expected to be one of the prime market growth factors. Specialty chemicals are also referred to as performance chemicals or effect chemicals. Some popular examples include essential oils, gelatin, castor oil, and collagen. These chemicals are referred to as specialties as they are produced in lesser volumes and cater only to a few applications unlike the rest of the fine and commodity chemicals (according to the European Chemical Industry Council (Cefic). Gather more insights about the market drivers, restrains and growth of the Global Specialty Chemicals M...

Peptide Therapeutics Market Segments, Size, Landscape and Demand by Forecast to 2030

  Peptide Therapeutics Industry Overview The global peptide therapeutics market size was valued at USD 39.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.  The rising incidence of cancer as well as metabolic disorders such as osteoporosis, obesity, and diabetes will drive the adoption of peptide therapeutics during the forecast period. Due to the sheer growing number of affected pediatric patients and the pervasiveness of target diseases in low-income countries, there is a high demand for efficient and low-cost drugs. Gather more insights about the market drivers, restrains and growth of the Global Peptide Therapeutics Market Advanced peptides are now being created and reconfigured as therapeutics for COVID-19. Researchers around the world are looking for compounds that either block the mechanisms involved in Severe acute respiratory infection and replication or treat the conditions resulting from infe...