Medical and Pharmaceutical Industry - Market Research Report

The pharmaceutical industry is transforming, especially after COVID-19. Over the past decade, the field of drug discovery has been radically transformed due to advancements in artificial intelligence (AI). These revolutionary technologies for medicine design are making breakthroughs to overcome the traditional lengthy drug discovery processes. Traditional drug discovery often costs billions of dollars, taking over a decade and costing billions of dollars to bring a new drug to market. However, AI is changing the game by making drug discovery faster, more efficient, and cost-effective. Traditional drug discovery, on average, requires 2 to 3 billion US dollars to develop a new drug in around 10 years. The rise of AI has turned over a new leaf and revolutionized drug discovery by analyzing large amounts of biological and chemical data to identify promising drug candidates. Machine learning (ML) algorithms, deep learning techniques, and natural language processing (NLP) are being used to p...

The   India biocompatible dental materials market   is anticipated to reach USD 110.0 million by 2030 and is projected to expand at a CAGR of 8.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing prevalence of dental caries, growing awareness regarding oral health, and the advancement and introduction of new biocompatible dental materials. Oral health plays an important role in overall well-being, and despite having the highest number of dental schools globally, India grapples with various oral health challenges. National concerns include dental caries, oral cancer, and periodontal disease, especially the prevalence of dental caries among children. Maintaining good oral hygiene can prevent dental caries. The Indian Dental Association (IDA) initiated the National Oral Health Programme (NOHP), encompassing diverse activities to address the country's oral health crisis and spark a nationwide movement. In additio...

  The global   ultrasound probe disinfection market   size is expected to reach USD 700.3 million by 2027 registering a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Increasing number of ultrasound imaging procedures, rising prevalence of nosocomial infections, and technological advancements are the key driving factors for the global market. Nosocomial or Hospital-acquired Infection (HAI) is an infection acquired in healthcare facilities, such as hospitals, clinics, rehabilitation facilities, and Ambulatory Surgery Centers (ASCs). Factors, such as use of indwelling catheters, lack of proper hygiene in the healthcare setting, and excessive use of antibiotics, can increase the risk of HAIs in patients. Thus, it is very crucial to disinfect all the devices used in healthcare settings. The increasing number of ultrasound imaging procedures across the globe is anticipated to increase the product demand over the forecast period. According to the report pu...

The global   animal sedative market   size is expected to reach USD 527.3 million by 2030 and is projected to grow at a CAGR of 5.71% over the forecast period, according to a new report by Grand View Research, Inc. The primary drivers of market growth include the rising prevalence of chronic diseases in animals, rising pet ownership, increasing number of surgical procedures, and increasing animal health expenditure. Furthermore, the rise in pet humanization has led to an expansion of veterinary services, including behavioral therapy and specialized treatments. Vets are more frequently prescribing sedatives for pets undergoing surgeries, dental procedures, and other medical interventions, contributing to market growth. In addition, pet insurance acceptability is increasing as a result of a number of causes, including pet humanization, expanding pet population, increased initiatives by major corporations, and rising veterinary care costs. The AVMA reports that pet owners are inc...

The global   lactate monitoring devices market   size is expected to reach USD 247.6 million by 2030, exhibiting a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing notable growth driven by several factors. Increasing awareness about the benefits of monitoring lactate in sports & healthcare, rise in the need for point-care tests, and growing adoption of remote patient monitoring & telemedicine. Another factor positively supporting the growth of the lactate meter market is technological advancements in these devices. For instance, there is a trend towards non-invasive lactate testing, which eliminates the need for blood samples and provides quicker results. Additionally, wireless and wearable lactate meters are becoming increasingly popular due to their convenience and ease of use. Moreover, there is a growing trend towards home-based healthcare, particularly among elderly populations and those with chronic...

  The global   instrumentation sterilization containers market   size is estimated to reach USD 547.57 million by 2030, registering a CAGR of 6.10% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing emphasis on infection control and prevention in healthcare facilities continues to drive the demand for high-quality sterilization containers. Manufacturers are innovating to develop containers that not only meet regulatory standards but also address the evolving needs of infection control protocols, contributing to the growth of this market. For instance, in March 2022, Aesculap, Inc. launched a new AESCULAP Aicon Sterile Container System. This new container helps streamline processes and lessen the possibility of wet sets. Technological advancements in sterilization containers have been focused on enhancing safety, efficiency, and usability. Improved materials offering better durability, heat resistance, and compatibility with various steriliza...

  The   Germany oral care market   size was estimated at USD 3.2 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.5 % from 2024 to 2030. This growth is attributed to the rising prevalence of dental conditions, increasing preference for cosmetic dentistry, and the rise in disposable income. The German government provides insurance coverage for basic dental care including regular checkups, fillings, and dental surgeries. As per an article published by BMC Oral Health in October 2023, approximately 60.0% of the population of Germany opted for regular dental check-ups, showing awareness of dental care. According to a report, the country has nearly 80,000 licensed dentists, and both public and private healthcare insurance plans primarily cover dental care. Other dental conditions such as cavities, gum disease, and oral cancer, are becoming increasingly common in Germany. Factors such as the aging population, changing dietary habits, and p...

  The global   acne drugs market   size is expected to reach USD 13.13 billion by 2030, according to a new report by Grand View Research, Inc., registering a 5.2% CAGR from 2024 to 2030. Several factors such as emergence of biologics, unhealthy lifestyle, and rising disease incidence are anticipated to drive the market. Acne vulgaris is one of the most common dermatological disorders, affecting 9.4% people worldwide. Although the condition can affect people of all ages, it is most prevalent among teenagers. It has been found that the condition is prevalent in more than 85.0% people between the ages of 12 and 25. Acne can appear in forms ranging from comedones to cystic lesions, depending on its severity. Retinoids and antibiotics remain the mainstays of acne treatment. Retinoids led the therapeutic classes in 2017, and it is expected to continue this trend through 2025. The therapeutic landscape is witnessing a shift toward combination treatment due to higher efficacy, co...

  The global   minimally invasive thoracic surgery market   size is expected to reach USD 6.24 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2024 to 2030. Minimally Invasive Surgery (MIS) is gaining popularity owing to the reduced risk and trauma associated with these procedures as small incisions decrease post-operative pain that facilitates a speedy recovery. Increasing research and development in this field is another high-impact rendering driver of the market. The introduction of novel technologies and devices by the market players has been observed in recent years. In the U.S., lung cancer is the second leading cancer form. According to the American Cancer Society, about 235,760 new lung cancer cases are estimated in 2021. A high number of smokers in the U.S. is a leading cause of cancer prevalence in the region. Smoking is also one of the major risk factors for lung cancer in developing countr...

  The gloabl   autologous wound patches market   is anticipated to reach USD 152.76 million by 2030, registering a CAGR of 9.05% from 2022 to 2030, according to a new report by Grand View Research, Inc. This can be attributed to the increase in the number of people suffering from various chronic diseases such as diabetes as a result the number of people suffering from diabetic foot ulcers is anticipated to increase. For instance, as per International Diabetes Federation, approximately 537 million adults are expected to be living with diabetes. Moreover, as per a similar source, this number is projected to increase to 643 million by 2030. Furthermore, according to NCBI, 15 to 25% of people suffering from diabetes mellitus may develop a diabetic foot ulcer during their lifetime. Thus, an increasing number of diabetic populations may lead to a rise in number of diabetic foot ulcers patients, thereby boosting the market during the forecast period. Similarly, there has been a ...

  The global   3D printed brain model market   size is anticipated to reach USD 137.5 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 17.9% from 2024 to 2030. The COVID-19 pandemic had an adverse impact on the global market in 2020; however, it is expected to witness lucrative growth post-pandemic due to the high-accuracy 3D-printed brain models, which are used by surgeons and practicing residents for pre-surgical planning to perform surgeries effectively and accurately. It helps new surgeons to practice surgery and is used for the study of brain anatomy. It is a very cost-effective and efficient method. Through these prototypes, a patient’s condition can be studied easily and the surgical process can also be explained to the patient. These systems also reduce the number of tests done on animals for the development of drugs, as those tests can now be performed on a 3D-printed brain model, which will lead...

  The global   XPS market   is expected to reach USD 948.9 million by 2030, registering a CAGR of 3.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing application of XPS technology in different industries such as healthcare, semiconductors, aerospace, automotive, and electronics along with rising demand for research and development across all these industries is expected to drive the XPS market over the forecast period. In addition, rising popularity of hyphenated technologies and other technological advancements such as hard X-ray photoelectron spectroscopy (HAXPES) has prompted the growth of the X-ray photoelectron spectroscopy market. The ability of XPS to accurately identify contamination in the provided sample is also expected to contribute towards boosting usage rates. Rising demand for XPS technique for drug safety and medical research is expected to serve the market as a future growth opportunity. Presence of supportive government...

The global   smart orthopedic implants market   size is estimated to reach USD 34.8 billion by 2030, registering to grow at a CAGR of 4.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. The total addressable market indicates the revenue opportunity available for smart orthopedic implants and is expected to expand at a notable CAGR of 4.4% from 2023 to 2030. The key factors driving the market growth include the rising number of orthopedic surgeries performed across the globe, the growing geriatric population, and technological advancements. According to the U.S. Census Bureau, in 2019, an estimated 75 million Americans were aged 60 years and older, out of the 328 million U.S. population. This indicates that a high number of the population in the country is vulnerable to chronic and acute orthopedic disorders, leading to an increased volume of surgeries. The COVID-19 pandemic resulted in reduced demand and decreased sales in the overall orthopedic impla...

  The global   oncology based molecular diagnostics market   size is expected to reach USD 6.00 billion by 2030, registering a CAGR of 12.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising geriatric population base, increasing global prevalence of cancer, rise in sedentary lifestyle adoption levels, and rising awareness & patient education are the driving forces for the oncology based molecular diagnostics market growth over the forecast period. Growing prevalence of cancer patients owing to adoption of sedentary lifestyles and decrease in immunity levels are estimated to increase industrial growth rate. Furthermore, large variations in both cancer incidence and mortality rates in different sub-regions of developing countries such as Brazil, Mexico, South Africa, and India are also anticipated to enhance the usage of molecular diagnostics to increase survival rates by early detection and validation. Order a free sample PDF  of...

  The global   neglected tropical diseases diagnosis market   size is anticipated to reach USD 9.59 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.03% from 2025 to 2030. Increasing disease burden, growing demand for early disease identification, and complementary advancements in technology is expected to drive growth in demand. Increasing concern regarding neglected tropical diseases and their impact on the population as well as economies has boosted the demand for the development of early disease detection methods. This growth in concern is evident in the launch of a substantial number of programs aiming to combat NTDs. For instance, the Global Network for Neglected Tropical Diseases aims to raise awareness and funding, both of which are essential to control and eliminate the most common NTDs. In addition, various companies are undertaking efforts to develop less complicated and inexpensive diagnosti...

  The global   modified polypropylene market   size is expected to reach USD 56.35 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.5% from 2021 to 2030. The market is anticipated to grow due to the use of modified polypropylene in the automotive, electrical and electronics, packaging, building and construction, and medical industry across the globe. In modified polypropylene, the processing of polypropylene is done by adding glass fibers and thermoplastic rubbers to improve its impact resistance, flame retardancy, and other properties, thus expanding its scope of application in the above-mentioned industries. Modified polypropylene exhibits superior flowability, high UV resistance, impact resistance chemical resistance, and negligible water absorption, which makes it suitable to be used in the manufacturing of front and rear-end bumpers, protective side strips, and mud guards. The rising income of the populat...