Medical and Pharmaceutical Industry - Market Research Report

  Xylitol Industry Overview The global  xylitol market  size is expected to reach USD 738.10 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The product demand has been growing rapidly owing to the high demand for natural ingredients in the food industry. Furthermore, the use of xylitol in dietary supplement products, such as gummies, has also been one of the key driving factors contributing to the growth of the market. Xylitol is a low-calorie sugar with a low glycemic index as compared to table sugar. It is widely used as a sweetener in the food industry, mainly in chewing gums, mints, and candies. The product consumption has been linked to several positive health effects, including a reduction in tooth decay, prevention of ear infection, enhanced bone density, weight loss, blood sugar stabilization, etc.   It shows a varied range of applications in the food, pharmaceutical, and nutra...

  Omega 3 Supplements Industry Overview The global  omega 3 supplements marke t size is expected to reach USD 10.80 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2020 to 2028. The demand for omega-3 supplements is projected to be driven by the growing adoption of the product to fulfill the daily nutritional requirements and maintain optimum health of organs by the geriatric population in developed economies, such as the U.S., Canada, the U.K., and France.   Furthermore, the outbreak of COVID-19 from the beginning of 2020 led to increased consumer awareness regarding the significance of immunity and immunity-boosting products, which is expected to fuel the demand for various omega fatty acids products. Increasing incorporation of products in gummies form with novel flavor is expected to increase product penetration among children in the coming years. Docosahexaenoic acid (DHA) is an omega-3 fatty...

  Probiotics Dietary Supplements Industry Overview The global  probiotics dietary supplements market  size is expected to reach USD 10.52 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2020 to 2028. the growing demand for solutions over concerns related to digestive health is expected to augment the market growth. Diarrhea, nausea, and vomiting are a few of the symptoms observed in COVID-19 patients. Studies on using probiotics against coronavirus infection have been carried out since the disease outbreak in 2020. For instance, in May 2020, a Spanish company BIOITHAS registered a  clinical trial  that includes administering probiotic capsules to adult COVID-19 patients requiring hospitalization. The study hypothesis states that probiotics are expected to have a positive effect on the gut microbiome and thereby reduce the severity of coronavirus infection.   The potential of  pr...

  Plastic Contract Manufacturing Industry Overview The global  plastic contract manufacturing market  size is expected to reach USD 45.82 billion by 2028, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Plastic is required by various end-use industries due to which, several end-users prefer to outsource plastic components as it reduces their production cost. This is expected to drive market growth over the forecast period. Polypropylene and polyethylene are increasingly being used for the production of medical devices. The growing demand for improved healthcare facilities and the rising number of hospitals have augmented the growth of the medical devices sector worldwide. The growing sales of medical devices are expected to be beneficial for the market growth.   Plastics can be easily molded into desired shapes using techniques, such as injection molding or 3D printing. Thus,...

  Europe Immunoassay Analyzers Industry Overview The  Europe immunoassay analyzers market  size is expected to reach USD 2.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. The rising prevalence of chronic and infectious diseases and the approval and launch of innovative analyzers are major factors driving the market.   The market is anticipated to exhibit significant growth due to the unprecedented COVID-19 pandemic leading to a shortage of diagnostics and infrastructure. This has created vast opportunities for companies operating in the marketplace to bridge the gap between supply and demand. Amid extensive funding in the healthcare sector, equally from public and private sectors, has led to several research projects pertaining to diagnostics, such as central laboratory tests and point of care tests. These initiatives are aiding in the development of tools, such as...

  Tunisia Pharmaceutical Industry Overview The  Tunisia pharmaceutical market  size is estimated to reach USD 3.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.9% from 2021 to 2028. The market is largely driven by the improving pharmaceutical exports of Tunisia, which is a result of expanding pool of local pharmaceutical manufacturers in the country. The country continues to explore and capitalize on export markets, prominently Francophone countries in Africa.   Manufacturers are also engaged in on-site production in sub-Saharan nations. For instance, Tunisia-based Teriak acquired Cameroon’s Cinpharm plant in late 2015 to export in Central African markets. Despite the fact that Tunisian pharma companies have marked their presence in African markets, drug manufacturers are surrounded by several challenges including lack of infrastructure enabling direct air route, maritime connections, or bu...

  Nasal Cannula Industry Overview The global  nasal cannula market  size is expected to reach USD 9.8 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028. The rise in prevalence of respiratory diseases and the growing geriatric population contribute majorly to the growth of the market. The lifestyle changes, rising percentage of smokers, climatic conditions, and the increasing air pollution attributes majorly to the growing prevalence of respiratory diseases.   Moreover, the current Covid-19 pandemic has further propelled the demand for medical devices worldwide. The surge in the adoption of the single-use nasal cannula was prevalent in all the settings, including hospitals, home settings, and care centers. Furthermore, the medical device witnessed a surge in demand during the pandemic facilitating oxygen delivery in all settings, including hospitals and home care. The developmen...

  Remote Healthcare Industry Overview The global  remote healthcare market  size is expected to reach USD 23.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.0% from 2021 to 2028. COVID-19 pandemic has created a burden on healthcare systems. Moreover, many patients were hesitant to visit hospitals owing to fear of contracting COVID-19. This in turn increased the demand for telehealth including real-time virtual health services. For instance, MDLive, a telehealth platform based in the U.S. witnessed a 95% increase in virtual visits and a 300% increase in bookings in the first half of 2020.   Moreover, many remote healthcare vendors, healthcare providers, and the government are taking aid of introducing various platforms to tackle COVID-19. For instance, in April 2021, major digital patient monitoring and real-time virtual health providers Cloud DX, Maple, and Curatio announced their partnersh...

  Spa Industry Overview The global  spa market  size is expected to reach USD 117.9 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. Unhealthy lifestyles have increased the need for stress management, mental clarity, and system detoxification. The growing need to maintain a physically and mentally healthy lifestyle is expected to drive the market. Moreover, rising disposable incomes, changing lifestyles, and an increasing population are expected to propel market growth.   The coronavirus (COVID-19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of the spa industry professionals worldwide, 31.0% predicted that the number of spa visits decreased by more than 70.0% during the pandemic compared to the same period the previous year...

  U.S. Tissue Diagnostics Industry Overview The  U.S. tissue diagnostics market  size is estimated to reach USD 2.81 billion by 2028, registering a CAGR of 3.91% over the forecast period, according to a new report by Grand View Research, Inc. Pivotal factors supplementing the market growth include continuous rise in the cases of cancer, growth in organ transplantation & donation, and increased acceptance toward personalized medicine & companion diagnostics in the U.S. Increase in the number of research activities targeted toward the development of novel tissue diagnostics solutions is also expected to drive the market.   The field of anatomic pathology has witnessed a paradigm shift, which can be attributed to the exponential growth in cancer incidence in the U.S., thereby expanding the clinical pathology industry. Also, steady convergence of molecular pathology with anatomic pathology, steep adoption of novel biopsies for cancer detection, and i...

  Mesotherapy Industry Overview The global  mesotherapy market  size is expected to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.4% from 2021 to 2028. The rise in the adoption of cosmetic procedures, increasing awareness about personal appearance among the middle-aged population, and the growth in the number of cosmetic clinics offering mesotherapy are expected to drive the growth of the market. Furthermore, the non-invasive nature of the procedure and comparatively reasonable costs are the significant factors boosting the market.   The effective cost, rising  medical tourism , and the growing awareness of mesotherapy worldwide have further resulted in the rise in the number of professionals and clinics in many countries. The increase in the number of institutes offering courses related to therapy and the efforts of the International Society of Mesotherapy to ensure the ...

  Podiatry Services Industry Overview The global  podiatry services market  size is expected to reach USD 5.0 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.9% from 2021 to 2028. The growing prevalence of diabetes and the growing geriatric population is expected to drive the growth of the market over the forecast period from 2021 to 2028. In addition, the rising awareness regarding foot health care, especially among athletes, is further fueling the market growth.   The associations promoting podiatric medicine services such as The International Federation of Podiatrists, the largest podiatry organization with 28 member countries associated, work together to encourage, educate, and support the podiatrists by creating awareness concerning the services. Furthermore, the inclusion of medical services in  healthcare insurance  and government initiatives concerning primary care are supporting...

  Smart Stethoscope Industry Overview The global  smart stethoscope market  size is expected to reach USD 76.9 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2021 to 2028. A surge in the geriatric population, high adoption of technologically advanced products, growing healthcare infrastructure, and various government initiatives are the key driving factors for the market.   The smart stethoscope is user-friendly and cost-effective equipment that assists physicians in obtaining reliable results. Based on heart rate, these stethoscopes help in the diagnosis of respiratory diseases and disorders. Until now, the traditional stethoscope has played a significant role in the department of cardiology. Though, the medical device has some disadvantages, such as poor sound quality, which is particularly noticeable in obese patients and those with a thick chest wall. Hence, there is a booming dem...