Medical and Pharmaceutical Industry - Market Research Report

  In 2023, the global contrast media injectors market reached a value of USD 1.27 billion and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. This market growth is primarily driven by the increasing prevalence of chronic disorders, advancements in medical technology, and rising demand for minimally invasive surgeries. The surge in chronic diseases has amplified the need for diagnostic imaging tests, which utilize both traditional methods like X-rays and ultrasounds and advanced techniques such as CT scans and MRIs. These imaging tests are crucial for diagnosing various conditions, informing surgical or interventional treatments, and conducting perioperative imaging before surgery. The growing incidence of chronic diseases and complex co-morbidities has thus become a key factor driving demand in the contrast media injectors market. Furthermore, rapid technological advancements, higher healthcare spending, and improvements in patient care qual...

  The global patient monitoring devices market was valued at USD 51.1 billion in 2022 and is forecasted to grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. This growth is largely driven by the rising demand for monitoring devices that track, measure, and display various biometric indicators, such as blood pressure, body temperature, and blood oxygen saturation levels. The shift from hospital-based care to homecare settings has made treatments more affordable. Advances in healthcare technology have accelerated the adoption of patient monitoring devices for home-based management of chronic diseases. The COVID-19 pandemic further supported this shift by giving companies the opportunity to demonstrate how their devices can make healthcare more convenient, cost-effective, and accessible. Gather more insights about the market drivers, restrains and growth of the  Global Patient Monitoring Devices Market Market Dynamics Growing Adoption of Remote Patient Monito...

  The global clinical trial imaging market, valued at USD 1.14 billion in 2023, is expected to expand at a compound annual growth rate (CAGR) of 7.60% from 2024 to 2030. This growth is driven by the expanding biotechnology and pharmaceutical sectors, alongside rising research and development investments aimed at creating new drugs to treat various conditions. Medical imaging has become essential in advancing life sciences, contributing significantly to the development of innovative products. Despite rapid changes in the medical imaging sector, the biotechnology and pharmaceutical industries continue to grow, fueled by substantial investments in imaging companies and mergers and acquisitions that integrate advanced imaging technologies for clinical trials in medical devices. Technological advancements are transforming the way clinical trial imaging data is collected, evaluated, and submitted. Imaging technology, particularly image analysis software, enhances clinical studies by ensu...

  The global animal wound care market was valued at approximately USD 1.08 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.92% over the forecast period. Key drivers of market growth include the rising adoption of companion animals, increased demand for veterinary surgeries, and the growing incidence of animal injuries. For example, the U.S. Department of Transportation reports that over 1 million animals die in road accidents each year, with millions more suffering injuries. Additionally, the growth in veterinary visits and the increasing adoption of pet insurance contribute to market expansion. Trupanion, a pet insurance provider, reported 1.3 million enrolled pets by June 2022, with a 32% growth in enrollments in Q2 of 2021. The COVID-19 pandemic affected the animal wound care industry, leading to financial strain in veterinary services due to postponed surgeries and reduced post-operative cases during lockdowns. The Federation of Veterinaria...

  In 2023, the global antifungal drugs market reached an estimated value of USD 15.8 billion, with an anticipated compound annual growth rate (CAGR) of 3.8% from 2024 to 2030. The rising incidence of fungal infections like aspergillosis and candidiasis is a major driver of this market. Fungal infections include both systemic and superficial infections, affecting areas such as the skin, eyes, mouth, and vagina. Antifungal drugs, known for their fungicidal properties, are widely prescribed to treat conditions like athlete's foot, ringworm, and fungal meningitis. The increasing number of hospital-acquired infections and other infectious diseases is also expected to drive market growth over the forecast period. Fungal diseases present a significant public health challenge, affecting people of all ages. However, they pose an even greater risk to individuals with compromised immune systems, such as those with AIDS, who are more prone to developing opportunistic fungal infections. Accordi...

  The global pharmaceutical contract development and manufacturing organization (CDMO) market was valued at an estimated USD 146.0 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2030. The market's growth is largely due to increasing investments by CDMOs in new drug development, alongside rising demand for innovative therapies. Factors like heightened pharmaceutical research and development (R&D) spending, demand for genetic drugs, a higher prevalence of cancer and age-related disorders, and the need for advanced therapeutic solutions are driving market expansion. Furthermore, the growth of biosimilars, biologics, personalized medicine, orphan drugs, companion diagnostics, and adaptive trial designs is likely to amplify demand for CDMO services. As companies explore novel areas, the growing need for regulatory compliance boosts demand for specialized CDMO providers skilled in both development and manufacturing processes. Gat...

  The global antibody drug conjugates market size was estimated at USD 11.29 billion in 2023 and is projected to grow at a CAGR of 9.2% from 2024 to 2030. This can be attributed to the presence of a robust R&D pipeline. This, coupled with the growing incidence of cancer and increased demand for low-toxicity & effective drugs, is expected to drive market growth. Some of the key Antibody Drug Conjugates (ADCs) currently available in the market are Kadcyla (Genentech/Roche), Adcetris (Seattle Genetics), Enhertu (AstraZeneca/Daiichi Sankyo), Besponsa (Pfizer), Mylotarg (Pfizer), and Polivy (Genentech/Roche). ADCs are a novel category of drugs composed of an antibody linked-via a chemical linker-to a cytotoxic drug.   Conventional chemotherapy is intended to eradicate fast-growing tumor cells. However, it can also damage healthy proliferating cells, which may produce undesirable effects. In contrast, ADC is designed to upsurge the efficacy of treatment and decrease systemic...

 The global endoscopy devices market size is expected to reach USD 76.41 billion by 2030, registering a CAGR of 3.58% from 2024 to 2030, according to a new report by Grand View Research, Inc. Healthcare systems worldwide are increasingly incorporating endoscopic procedures into their cancer management protocols for early detection & treatment of cancer to improve survival rates. This trend and the rising global cancer burden are expected to boost the demand for endoscopes, driving market growth. Moreover, manufacturers in the market are continuously innovating and expanding their endoscope product lines to meet the growing clinical needs, aiming to equip them with the most advanced technology for effective cancer treatment.   The demand for disposable endoscopes is growing due to the rising concerns regarding cross-contamination risks associated with reusable endoscopes. This growing focus on patient safety has increased innovation and regulatory actions aimed at enhanci...