Medical and Pharmaceutical Industry - Market Research Report

  Facial Injectable Industry Overview The global facial injectable market size was valued at USD 16.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred. Gather more insights about the market drivers, restrains and growth of the Global Facial Injectable Market Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at h...

  Biopharmaceutical CMO and CRO Industry Overview The global biopharmaceutical CMO and CRO market size was valued at USD 29.4 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.6% over the forecast period. There was unprecedented growth in 2020 due to the COVID-19 pandemic. The rising investments in the biopharmaceutical industry by the prominent participants to enhance their productivity and efficiency have driven the bio manufacturers to increase their focus on outsourcing activities. Currently, biopharma companies have begun outsourcing the resource and capital-intensive steps and, in a few cases, the entire chain of biomanufacturing, thereby boosting the demand for contract-based services.   Gather more insights about the market drivers, restrains and growth of the Global Biopharmaceutical CMO And CRO Market The coronavirus pandemic has resulted in disruptions in the supply chain of the overall pharmaceutical industry. However, t...

  Orthopedic Braces and Supports Industry Overview The global orthopedic braces and supports market size was valued at USD 4.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. Increasing product and technological developments, rising geriatric population, prevalence of chronic and acute conditions, and initiatives by major companies are some of the key drivers of this market. For instance, in February 2021, BREG, Inc. launched Pinnacle and Ascend lines of orthopedic braces comprising of 15 products for patients with spinal injuries. With this development, the company expanded its portfolio in manufacturing in every major orthopedic bracing category. The COVID-19 pandemic adversely impacted the market for orthopedic braces and supports in 2020 with low demand and sales. The bracing & support market is largely driven by surgeries, injuries, and access to physicians all of which were affected by the pandemic and ...

  Brain Computer Interface Industry Overview The global brain computer interface market size was valued at USD 1.52 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 17.16% during the forecast period. Key drivers of the brain computer interface (BIC) market include the increasing prevalence of neuroprosthetic conditions, rising global geriatric population base, and rapid technological developments facilitating communication and movement in paralytic patients. Furthermore, the use of this technology in virtual gaming, home control systems, and military communication enhance the applicability of the market, fueling its growth. The COVID-19 pandemic severely affected the market. Market players, such as Natus, reported an impact on their supply chain during the pandemic. This is because most of their materials are single source and need lengthy qualification periods.   Gather more insights about the market drivers, restrains and growth of t...

  Disposable Syringes Industry Overview The global disposable syringes market size was valued at USD 13.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.12% from 2022 to 2030.  The growth is attributed to the growing prevalence of chronic disorders, increasing adoption of safety syringes, and a growing number of surgeries globally. For instance, according to Mölnlycke Health Care AB in 2021, 70 million surgical procedures are performed every year in Europe. Earlier the syringes were expensive and were used to be manufactured abundantly. Hence, healthcare professionals had to reuse syringes on different patients. As a result, it was critical for all doctors/physicians to properly sterilize and sharpen the syringe after each use. Therefore, many chronic diseases began to spread in past years. Due to this demand for disposable syringes has been increased due to their several benefits over reusable syringes. Several benefits of disposabl...

  U.S. Population Health Management Industry Overview The U.S. population health management market size was valued at USD 20.6 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 19.5% from 2022 to 2030. The market is majorly driven by the growing demand for healthcare IT services and solutions that support value-based healthcare delivery, resulting in a transition from Fee-For-Service (FFS) to a Value-Based Payment (VBP) model. Increasing healthcare expenditure and the rising need for value-based healthcare and effective disease management across different care settings are expected to drive the market in the U.S. More than 130 million people in the U.S. suffer from at least one chronic condition. Chronic conditions are responsible for around 70% of deaths in the U.S. each year, resulting in 1.7 million deaths.  Gather more insights about the market drivers, restrains and growth of the U.S. Population Health Management Market Managing...

  Veterinary Artificial Insemination Market pr1 The global veterinary artificial insemination market size was valued at USD 4.2 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Growing demand for improved animal efficiency and productivity, demand for animal protein, supportive initiatives by industry stakeholders, need for sustainable food production, and adoption of sexed semen in developing markets are some of the key drivers of this market. Genus IntelliGenTM is Genus’ sexed semen technology that is used to develop sexed bovine genetics for Red Sindhi, Gir, Jersey, Holstein, Sahiwal Crossbreeds, and Mehsana and Murrah buffaloes, under the ‘Sexcel’ brand in India. The COVID-19 pandemic presented several challenges for the market for veterinary artificial insemination. This included challenges in performing AI procedures on-site, dampened demand for AI products and services, and risks and uncertainty due to fluctuatin...

  Hemodialysis And Peritoneal Dialysis Industry Overview The global hemodialysis and peritoneal dialysis market size was valued at USD 88.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.61% from 2022 to 2030. Rising incidence of Acute Kidney Injury (AKI), shortage of organ donors, risks associated with transplants, technological advancements, and initiatives by the leading players to introduce advanced products and services are a few factors driving the demand for hemodialysis and peritoneal dialysis, thereby propelling the market growth. In addition, the outbreak of the COVID-19 pandemic has resulted in a significant demand for dialysis across the world. Owing to this, the market has witnessed regulatory support from various government authorities and a rise in financial incentives. These factors are expected to contribute to the positive growth of the market during the forecast period. The COVID-19 pandemic had considerably impacted the...

Complementary And Alternative Medicine Industry Overview The global complementary and alternative medicine market size was valued at USD 82.27 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 22.03% from 2021 to 2028. The market is set to gain momentum in the coming years owing to the changing regulatory scenario, coupled with robust government initiatives, resulting in the establishment of strong transnational connections across healing pathways linking global, national, and local movements regarding alternative medicine. Additionally, government initiatives exploring norms related to the right to health in all its forms are set to supplement the participation of service providers and users in the field of alternative and complementary healthcare. Government initiatives play a major role in propelling the demand for integrative health and complementary medicine practices by strengthening targeted expenditure, setting up government facilities, and r...

  Wealth Management Software Industry Overview The global wealth management software market size was valued at USD 3.76 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030. The growth of the market can be attributed to the growing adoption of the latest technologies in wealth management advisory. Advances in financial technology, and subsequently, an entirely new approach being pursued to automate and improve the delivery of financial services is expected to contribute to the growth of the market over the forecast period. As such, the growing adoption of financial technology for wealth management bodes well for the growth of the market. The increasing need to automate the wealth management process is anticipated to propel the growth of the market over the forecast period. Wealth management platforms can serve as a cost-effective alternative for users looking forward to automating workflow and managing wealth. Apart from an op...

North America MRO Distribution Industry Overview The North America MRO distribution market size was valued at USD 150.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. Various initiatives by manufacturers to attain optimum efficiency are expected to drive North America maintenance, repair, and overhaul (MRO) distribution market growth over the forecast period. MRO distribution is one of the critical components of the industry, which is necessary to eliminate downtime. As a result, industries initiate multiple scheduled and preventive maintenance processes. Industries, where supply activities have little direct accountability, might be driven by stock-outs rather than any overarching supply chain plan. The U.S. exhibits one of the largest MRO sectors in the world and is characterized by the presence of several leading companies. The overall market highlights strategies, such as mergers, acquisitions, joint ventures, and coll...

  COVID-19 Diagnostics Industry Overview The global COVID-19 diagnostics market size is estimated at USD 84.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2027. The market is driven by the rising government initiatives targeted toward the implementation of mass testing. On 1st September 2020, Hong Kong began voluntary mass testing with the help of healthcare personnel from mainland China. Around 1.78 million Hong Kong citizens were tested as of 15th September 2020. Moreover, despite the several criticisms over mass testing, on 11th September 2020, the British government announced its plan for mass coronavirus testing in the U.K. Additionally, increased traction gained by mobile testing market space is expected to open new avenues for market expansion. Transitioning focus of new entrants toward at-home testing and integration of advanced software has been witnessed in the past few months. This is expected to increase patien...

  D-dimer Testing Industry Overview The global D-dimer testing market size was valued at USD 1.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. A paradigm shift towards the demand for next-generation point-of-care D-dimer testing has driven the market. This is because the implementation of POC solutions significantly reduces waiting time, minimizes the length of patient stay, enables faster diagnosis, and results in improved patient experience. The resounding benefits gained from these solutions in POC settings are considered to boost the growth of the market for D-dimer testing. A rise in the incidence rate of Venous Thromboembolism (VTE) coupled with various pulmonary and cardiovascular diseases that cause life-threatening issues due to blood clot formation is increasing the demand for D-dimer testing. As per estimates of the Centers for Disease Control and Prevention (CDC), around 900,000 people are affected with VTE ...