Medical and Pharmaceutical Industry - Market Research Report

  U.S. Hospital Facilities Industry Overview The  U.S. hospital facilities market  size is expected to reach USD 2,540.4 billion by 2030 and is expected to expand at a CAGR of 7.62% over the forecast period, according to a new report by Grand View Research, Inc. According to the American Hospital Association (AHA), there were more than 36.2 million patients admitted to U.S. hospitals, in 2021. Hospital services include a broad range of medical offerings, ranging from essential health care to training & research for major medical school centers to services developed by an industry-owned network of institutions, such as Health Maintenance Organizations (HMOs). According to the CDC, in 2018, around 130 million people visited emergency departments, out of which, 12.4% of the visits resulted in hospital admission. Hospitals provide treatment for a variety of indications, including neurology, cardiology, infectious disorders, gastrointestinal diseases, and psychiatric dis...

 blogger The global  personal protective equipment market  size is expected to reach USD 131.18 billion by 2030, registering a CAGR of 6.7% according to a new report by Grand View Research, Inc. The global personal protective equipment market is significantly driven by increasing spending on worker safety and protective products coupled with rising awareness about the stringent safety rules and regulations. The COVID-19 outbreak had a positive impact on the growth of the personal protective equipment market. The market was is significantly attributed to the high demand for protective equipment to protect against COVID-19 infection in 2020. Over the forecast period, market growth is expected to witness steady growth attributed to the increasing use in various industries. The increasing awareness among industry participants regarding the importance of worker safety and security at workplaces on account of the stringent regulations and high costs associated with work...

  Injection Molded Plastics Industry Overview The global injection molded plastics market size was valued at USD 284.7 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% during the forecast period. The growing demand for plastic components from various end-use industries including automotive, packaging, home appliances, electrical & electronics, and medical devices is anticipated to drive the market. Modern innovations to minimize the rate of faulty production have enhanced the significance of injection-molded technology in the mass production of complicated plastic shapes. Volatile prices of raw materials, such as benzene, ethylene, propylene, and styrene, coupled with the growing concerns regarding their disposal are expected to hinder market growth over the forecast period. Companies focus on developing injection molded plastics using bio-based counterparts to overcome such challenges. Increasing construction spending, particularly in...

  Medical Plastics Industry Overview The global medical plastics market was valued at USD 46.11 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. The growing geriatric population in North America, Europe, and Asian countries like Japan and the increasing demand for home healthcare are the major factors driving the growth of medical plastics. Enforcement & upgrading of various infection prevention standards coupled with a growing volume of surgical, hospital, and outpatient procedures are anticipated to drive the market growth over the forecast period. Fluctuation in oil prices has been a major factor responsible for volatility in the prices of polyethylene (PE), polypropylene (PP), and polycarbonate (PC). Capacity expansion and contraction have also contributed to price volatility in the market. The medical plastics market in the U.S. was valued at USD 13.17 billion in 2021. The...

  Sternal Closure Systems Industry Overview The global sternal closure systems market size was estimated to be valued at USD 2.39 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. The expanding base of the geriatric population undergoing open-heart surgery through median sternotomy is considered to be one of the primary growth stimulants for the market. The median sternotomy procedure has remained the most popular technique for cardiac exposure to date, owing to easy and quick access to heart valves and vessels. Sternotomy and sternal closure occur prior to and post-cardiac surgery respectively. Moreover, rapid technological advancements, such as the use of biocompatible polymers including  PEEK , tritium, nitinol, pre-sternotomy plates, and the development of minimal invasive median sternotomy procedures, are expected to drive the market growth. A rise in the number of surgical procedures globally has driven de...

  Biopharmaceuticals Contract Manufacturing Industry Overview The global biopharmaceuticals contract manufacturing market was valued at USD 17.0 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The success of the biopharmaceutical market can be majorly attributed to the contract manufacturers. Reduction in the overall investment required to bring a new drug product to market, providing access to expensive technologies, quick entry of products into the markets, and greater flexibility are some advantages offered by contract manufacturing organizations (CMOs), which have prompted the companies to outsource their biopharmaceutical manufacturing. Due to the disruptions from COVID-19, many companies have had to bring on new contract manufacturers or ingredient suppliers due to increasing demands. Furthermore, with a perpetual expansion of the biopharmaceutical industry, the companies are facing production issues, su...