Medical and Pharmaceutical Industry - Market Research Report

  The global clinical laboratory industry size garnered USD 321.20 billion in 2022 and is poised to exhibit a CAGR of 5.52% from 2023 to 2030, according to the " Clinical Laboratory Industry Data Book, 2023 – 2030 ," published by Grand View Research. Heightened demand for early disease diagnosis tests and data management advancements have expedited the penetration of laboratories. Prominently, disease outbreaks, chemical releases and the need to avoid diagnostic errors have fueled the demand for safe, cost-effective, quality laboratory tests. Around 70% of medical decisions depend on laboratory test results, while around 40,000 to 80,000 people annually succumb to preventable diagnostic errors, cites the U.S. CDC. An uptick in clinical laboratory tests across the U.S., the U.K., China and India has signified the importance of the healthcare system. The U.S. CDC further notes that around 260,000 CLIA-certified laboratories are in the country. Further, the aging population, al

  Blood Glucose Meters Industry Data Book | Forecast 2030 Blood Glucose Meters Industry Data Book - Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Grand View Research’s blood glucose meters market industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Access the Global Blood Glucose Meters Industry Data Book, 2022 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory &

  Durable Medical Equipment Industry Overview The global durable medical equipment market size was valued at USD 196.4 billion in 2021 and is anticipated to expand at a CAGR of 5.9% over the forecast period. The COVID-19 pandemic has disrupted the operations and financial liquidity of market players. The growing incidence of cancer, cardiac disorders, neurological conditions, and gynecological complications is likely to drive the product demand during the forecast period. The COVID-19 pandemic had disrupted the supply chain of durable medical equipment (DME) due to the lockdown imposed by the government. The supply chain interruptions have occurred for items such as oxygen equipment, CPAPs and RADs, and nebulizers. The storage of the supply has created complications for the high-risk patients which has further increased the overall demand for the products in the market. Durable medical equipment helps improve accessibility to perform the task in daily living. DME is covered under Med

  External Urine Management Products Industry Overview The global external urine management products market size was valued at USD 544.72 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.09% from 2022 to 2030. The increasing aging population is one of the key factors responsible for the high demand for external urine management products. Aging leads to certain changes in the lower urinary system, such as enlargement of prostate glands among elderly men. It also includes reduced bladder capacity & feeling of fullness, decreased pelvic floor muscle resistance, reduced rate of detrusor muscle contraction, and elevated residual urine volume. Moreover, the geriatric population also faces bladder control issues, such as leakage, Urinary Incontinence (UI), or retention. As per the American Society of Nephrology, urologic diseases are the third-most common concern among the geriatric population, and these account for approximately around 47.0% of the p

  Positive Airway Pressure Devices Industry Overview The global positive airway pressure devices market size was valued at USD 2.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.  The growing economic burden and challenges faced by the healthcare industry arising from the increasing prevalence of obstructive sleep apnea are driving the adoption of positive airway pressure (PAP) devices across the globe. According to the American Academy of Sleep Medicine estimates in 2016, the economic burden caused in the U.S. due to undiagnosed & untreated sleep apnea was approximately USD 149.6 billion, whereas, treated sleep apnea cases would benefit the U.S. and help save approximately USD 100 billion every year. Obstructive sleep apnea is a respiratory disorder wherein, the patient faces irregular breathing patterns with reduced oxygen supply to the brain. According to Up-To-Date estimates on the global prevalence of obstructive sl

  Intravenous Solutions Industry Overview The global intravenous solutions market size was valued at USD 11.1 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% over the forecast period. This is due to a rise in natality rate, an increasing geriatric population, a growing prevalence of cancer, and a rise in the prevalence of malnutrition. The COVID-19 pandemic has significantly increased the production of intravenous (IV) solutions. In the ongoing fight against COVID-19, Intensive Care Units (ICUs) are filled with patients infected by COVID-19. The demand for intravenous injections has increased during the pandemic. Also, the new coronavirus strains have been reported in various parts of the world leading to more people suffering from the virus. As a result, an increase in the number of hospital admissions is also witnessed. Many patients, particularly the elderly and patients with severe lung infections, are put on ventilators for critical care.

  Micro-pumps Industry Overview The global micro-pumps market size is valued at USD 1.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 17.4% from 2022 to 2030. The rising number of pharmaceutical industries, increasing research and development in life sciences, the development and adoption of clinical tests, and high use of the micro-pump in infusion therapy are key drivers responsible for the lucrative market growth. Micro-Pumps have evolved over a short duration of time with the help of research of various techniques, availability of raw materials required for production, and advancement in digital and electronic capabilities. In addition to this, there has been an increase in the number of innovations in this product category which is fueling the growth of products in this category. The onset of COVID-19 impacted the market in the second and third quarters of 2020 due to supply chain, operations, and distribution constraints. However, the incr

  Cognitive Radio Industry Overview The global cognitive radio market size was valued at USD 5.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.6% from 2022 to 2030. The promising growth prospects of the market can be credited to the evolution of the latest technologies, such as 5G, and the increased adoption of cognitive radios in defense and government organizations. Optimized spectrum usage and power consumption have led organizations to adopt cognitive radios to meet technological requirements. Integrating cognitive radios with cloud computing and the internet of things (IoT) is expected to play a significant role in adopting cognitive radios. IoT devices have gained traction in the world of communication in recent years as the devices are being combined with the internet for operations. IoT devices are expected to collect or exchange data using limited resources, wherein spectrum utilization is one of the critical aspects. The cognitive r

  Cell And Gene Therapy Clinical Trials Industry Overview The global cell and gene therapy clinical trials market size was valued at USD 8222.4 million in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 14.80% from 2023 to 2030. The market is majorly driven by an increase in R&D funding, rising patient demand for innovative therapies, growing interest in cell and gene therapies for cancer treatment, and a favorable regulatory environment. Cell and gene therapy (CGT) represents a new frontier in the fight against many deadly diseases, including rare genetic disorders and cancers. It represents the new wave of innovation in the life sciences industry. The COVID-19 pandemic reduced the number of  gene therapy  clinical trials in the early 2020s as the majority of studies were focused on treating and diagnosing COVID-19. In 2021, global data stated that the percentage of gene therapy clinical studies increased significantly as compared to previous years, as

  Bake Stable Pastry Fillings Industry Overview The global bake stable pastry fillings market size was valued at USD 1.25 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. The rising preference for  chocolate , fruit, and nut fillings in bakery products, such as pastries, cakes, and cookies, has widened the scope for baked pastry fillings in the market. Moreover, the growing consumer preference for baked and confectionery products is a key factor driving the global demand. The COVID-19 pandemic has slowed down the sales of a large number of everyday products, including bakery products and bake-stable pastry fillings. It has been a major challenge for manufacturers and sellers to maintain product sales in a way that is both legally mandated and accepted by the community. The overall economic slump within the food industry as a whole has also trickled down to the market. The demand for pastry fillings with bake-stable properties