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...