Market Research Trends

According to Future Market Insights' newly released Unit Dose Manufacturing market analysis report, global sales of Unit Dose Manufacturing in 2021 will be US$ 18.3 Billion. The estimated market growth of 22.4% between 2022 and 2032 is expected to be much higher than the previous trend. During the projected period 2022 to 2032, Outsourcing is expected to be the largest revenue generating Type, while Solid Unit Dose is expected to be the highest revenue generating Filament, with a CAGR of 19.8% and 22.8%, respectively. The benefits associated with unit dose manufacturing including complete drug identification and the preservation of dosage form’s integrity until the time of administration is projected to enable the market loom further in double digit growth during the period of projection. If the drug has not been used and the container is still intact, it can be retrieved without jeopardizing the drug’s formulations. In addition, the FDA regulates unit dose-packed oral solid pharm...

The global emergency medical services market is expected to grow at a 6.2% CAGR, with a market valuation of US$ 37.2 billion by 2032. According to Future Market Insights, the ground transportation sector will account for 86.2% of the total market share in 2021, and this trend is expected to continue throughout the assessment period. Demand for emergency medical services is increasing as the number of cardiac arrests and accidents is rising across various countries. Software solutions that give technological breakthroughs in emergency medical services provide additional benefits such as forecasting future health hazards, improved communication during an emergency crisis, and real-time guidance during emergency scenarios. Growth in the emergency medical services market is influenced by various factors which include rising number of cases associated with infections, high risk of morbidity among the geriatric population, increasing investments and funding for medical services, growing vol...

According to Future Market Insights, the global  blood banking equipment market held a valuation of about  US$ 14.8 Billion  in 2022. As per the study, sales are expected to increase at a CAGR of  4.7%  during the forecast period (2022 to 2032), surpassing  US$ 23.4 Billion  in 2032. The rising number of surgical procedures and accidents has created a growing need for blood components, posing a significant concern for blood banks and hospitals worldwide. In the UK, there has been a consistent increase in the number of surgeries performed, with about 70,000 A&E cases registered in the country in 2019, indicating a potential surge in demand for blood banking equipment and products. Increasing awareness about blood donation has become a top priority for blood transfusion centers, and governments around the world are offering various attractive reimbursement opportunities to encourage volunteer donors to donate blood. The AABB advocates for ...

The global Closed System Transfer Devices (CSTDs) Market is projected to witness a substantial growth in the coming years owing to technological advancements in healthcare service delivery. It is estimated to reach US$ 872 Million in 2022 and US$ 3800 Million by 2032, with a compound annual growth rate (CAGR) of 18.1% between 2022 and 2032, according to FMI. The increasing prevalence of cancer is among the factors driving the growth of the closed system transfer devices market globally. As chemotherapy is the primary treatment for cancer, the use of CSTDs has surged for transferring or administering chemicals, which could pose a health risk to healthcare professionals. The risk of surface contamination during chemotherapy is also high, posing a threat not only to healthcare personnel but also to patients and their caregivers. As a result, the demand for closed system transfer devices has risen, along with the number of cancer patients undergoing chemotherapy. North America is expected...

The global medical automation market is expected to be worth US$ 44.45 billion in 2022, growing at a CAGR of 10.6% between 2023 and 2033. The adoption of automated equipment by pharmaceutical companies' drug discovery departments, the growth in demand for miniaturisation, and technical improvements along with the rise in demand for robot-assisted surgeries are some of the major drivers for the medical automation market. Further contributing elements include increased government activities, a rise in clinical trials as a result of growing R&D outsourcing to emerging economies, and rising infrastructure development expenditures. For example, as a result of government initiatives in countries such as South Korea and China that promote domestic innovation, more domestic firms in the surgical automation business focus in robotic-assisted procedures. Curexo in South Korea, which also serves as the local distributor for THINK Surgical's Solution robotic system, and TINAVI Medical...

The global molecular spectroscopy market was worth US$ 7 Billion in the year 2022 and is expected to reach US$ 14 Billion by the year 2032 at a CAGR of 7.2% between 2022 and 2032. Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Molecular Spectroscopy Market’. Its team of analysts and consultants is incorporating a 360-degree approach regarding its primary, secondary, and tertiary research. “With growing concerns regarding food safety coupled with exponentiation in biotechnology and pharmaceutical verticals, the global molecular spectroscopy market is expected to grow on an astonishing note in the near future”, says an analyst from Future Market Insights. Rising demand for UV visible molecular adsorption spectroscopy is amongst the widely used technologies in instruments asked for by the industries. Along these lines, several environmental regulations and laws in the US like CWA (Clean Water Act), RCRA (Resource Conservation and Recove...

The Digital X-Ray Equipment Market is poised to grow at a substantial double-digit CAGR during the forecast period of 2022 to 2032. The market growth can be attributed to various factors such as technological advancements, increasing efforts to enhance healthcare facilities, and a growing aging population that drives the demand for digital X-ray equipment. Additionally, the increasing awareness about portable systems is one of the key factors driving the market growth. Major players in the market are focusing on expanding their market share and boosting sales of digital X-ray equipment through product approvals, partnerships, and collaborations. Digital X-rays offer significant advantages such as ease of use and lower cost, which are further fueling the sales of digital X-ray equipment. Moreover, the instant availability of images for efficient distribution of clinical services and elimination of the need for physical retrieval of film packets is expected to drive the demand for digit...

The utilization of C-arm devices is expected to rise due to their ability to provide high-resolution X-ray images in real-time, enabling clinicians to monitor progress throughout surgeries. The global C-arm devices market was valued at US$ 1.7 billion in 2019, and it is projected to reach US$ 2.45 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 4.2% between 2022 and 2032. The North American C-arm device market is anticipated to have a substantial share owing to a high frequency of diagnostic testing, an aging population, and a growing incidence of chronic illnesses. The United States, in particular, is experiencing a strong demand for C-arm devices due to increased medical imaging technology expertise, financial stability to purchase expensive devices, and acceptance of innovative products. Additionally, the country's growing investment in medical and healthcare infrastructure serves as a boost for C-arm device sales. Following North America, the Asia Pacific C-arm d...

The pharmaceutical excipients market is estimated to grow at a 6% CAGR during the forecast period, from US$ 7.9 billion in 2021 to US$ 10.9 billion by 2026. Factors such as rising demand for functional excipients, rising demand for generics, and the introduction of new excipients into the market are driving global sales of pharmaceutical excipients. Hundreds of different excipients are utilised in medicines and cosmetics, accounting for around 90% of each product. As a result, they have a market value that accounts for approximately 0.5% of total demand for pharmaceutical excipients. The pharmaceutical excipients market is predicted to reflect a similar pattern to that of North America, where it has the largest share, over the forecast period. The fast-growing pharmaceutical sector, rising demand for functional excipients, the presence of significant competitors in the region, and technological advancements will all fuel market growth. Additionally, one of the factors fueling the grow...

The advance wound dressing market was worth US$ 8,978.0 million in 2020 and is expected to grow to US$ 14,190.5 million by 2030, at a CAGR of 4.8%. Because of its widespread use in the treatment of chronic wounds, the advanced wound dressing market is expanding at a rapid pace. When compared to other parts of the world, developing countries are rising at a faster CAGR for improved wound dressing. Development in the advanced wound dressing business began years before the introduction of film and hydrocolloids. Advance Wound Dressing has a high demand since it speeds up the healing process by maintaining a moist environment surrounding the wound while also containing medications such as antibiotics and pain relievers. Advance Wound Dressing is used to treat both acute and chronic wounds, particularly chronic wounds. Advance wound dressing has demonstrated very substantial benefits in diabetic patients as well as chronic wounds that require a long time or cannot be cured by traditional w...

The knee replacement market is expected to grow at a 6% CAGR over the projected period, rising from US$ 8.27 billion in 2021 to US$ 15.7 billion by 2032. The knee replacement market is expected to grow rapidly over the estimated period, owing to a variety of factors such as rising demand for knee implants, government investment in healthcare and medical equipment, and the existence of established manufacturers. The growing geriatric population, together with the increasing frequency of degenerative diseases, is expected to contribute to the knee replacement market share. Increasing understanding of the benefits of knee replacement surgery has resulted in a rise in the number of adult populations getting early knee replacement procedures. Increasing demand for knee replacement and the use of 3D technology are expected to produce significant revenue growth in the knee replacement market. Some of the major knee replacement market trends supporting knee replacement demand include: The dev...

The surgical navigation system market is anticipated to reach US$ 1,700 million by 2030, growing at a compound yearly growth rate of 6.2%. When compared to surgeries without Surgical Navigation Systems, Surgical Navigation Systems is a dependable technology that has been designed to make surgeries safer and less invasive. Navigation during surgery is an amazing technology that is now being applied in medical devices. Surgical Navigation Systems have facilitated more sophisticated procedures by speeding up technical procedures. Surgical Navigation Systems target the anatomy to be operated on and guide implant placement to the specific anatomy of the human body in a safe manner. During surgeries, Surgical Navigation Systems function as information hubs. In a virtual environment, a surgical navigation system is essential for correct anatomy visualisation and surgery planning. Surgical Navigation Systems aid in the reduction of surgical risks. Surgical Navigation System Market: Overview S...

The formulation development outsourcing market is expected to be worth US$ 66.60 billion in 2032, up from US$ 33.23 billion in 2022, with a 7.2% CAGR during the forecast period (2022 to 2032). Higher R&D costs are projected to drive the demand for formulation development outsourcing. Small and medium-sized pharmaceutical enterprises that lack the requisite resources frequently use formulation development outsourcing services. The majority of pharmaceutical businesses utilise it to reduce the amount of time spent on formulation development outsourcing services as a result of trial-related costs. The pharmaceutical industry's increased reliance on relationships with academic institutions can be attributed to the expansion of the formulation development outsourcing business.  Increases in medication and raw material costs and demand can significantly harm the market value of formulation development outsourcing. To encourage market growth, the formulation development outsourcing b...

In 2022, the veterinary orthotics-prosthetics market is expected to be worth US$ 61.3 million. The veterinary orthotics-prosthetics market is expected to reach US$ 164.9 million in 2032, with a CAGR of 9.4% during the forecast period. Because of the increasing number of injured animals, the demand for veterinary orthotics-prosthetics devices is expanding. The device is affixed to an injured animal's body in order to provide support, align, position, immobilise, help weak muscles, or increase functionality. Furthermore, the usage of veterinary orthotics-prosthetics is increasing as it is utilised to compensate for a missing or amputated limb segment. The best thing about using veterinary orthotics and prosthetics is that it is not necessary to amputate a full limb when only the lower body is afflicted. In many cases, partial amputation is sufficient, which is projected to boost sales of veterinary orthotics-prosthetics during the projection period. The expanding pet insurance marke...

As per Future Market Insights, the global  multiple unit pellet systems (MUPS) market  valued  US$ 3.48 Billion  in 2021 and is projected to exhibit growth at  3.5% CAGR  between 2022 and 2032, with an estimated valuation of  US$ 5.07 Billion  in 2032. MUPS are multi-particulate pellet formulations that complement the advantages of pellet-filled capsules and tablets into a single dosage form. Once administered as tablets, MUPS disintegrate into their subunits rapidly after swallowing and starts diffusing their subunits across the stomach and small intestine. When compared to simple tablets or capsules, MUPS systems have advantages, such as better dose adjustment and a reduction in intestinal mucosa irritation with simple units' drug disintegration. The multiparticulate technology makes it feasible to administer drugs that really are incompatible. These dosage forms are gaining transactions during the anticipated period due to their ...

The global artificial urinary sphincter market is expected to be worth US$ 441.7 million in 2022, rising at a 5.2% CAGR to be worth US$ 769.2 million by 2032. The rising use of lactic acid in end-user industries is related to growth. The lactic acid market grew at a 4.5% CAGR between 2016 and 2021. Urinary sphincters are two muscles that govern the passage of urine via the urethra in the urinary bladder. These muscles are essential for urine retention and release. These two muscles are known as the external and internal urethral sphincters. When one of the muscles contracts, the urethra closes, preventing urine passage. The artificial urine sphincter market is primarily driven by a few key reasons, including patients' strong reliance on time-tested goods, increasing breakthroughs in the artificial urinary sphincter, new product releases, and patient demand for safe and effective solutions. In addition, the artificial urinary sphincter market is experiencing considerable expansion ...

The global  conjunctivitis market  is anticipated to portray a phenomenal growth opportunity by exhibiting a 5.8% CAGR with a valuation of US$ 1825.8 Million by 2022. The market is expected to surpass about US$ 3208.7 Million by 2032. The increasing prevalence of diseases and novel treatment options is surging the demand for the conjunctivitis market globally. There is a variety of conjunctivitis such as swelling of the conjunctiva, a tissue covering the white porting of the eye, which is called allergic conjunctivitis caused by an allergy. It is usually caused due to allergens found in patients which can be traced from household dust, pollen from grass and trees, animal dander, and chemical scents. There are several treatment options, some of which include oral medications, immunotherapy, and eye drops among others. Competitive Landscape The prominent players in the market are planning to invest in research and development initiatives to innovate new drugs and therapies ...

Throughout the forecast period, the bone marrow transplant market is expected to grow at a slow CAGR of 3.4%. The bone marrow transplant market is currently valued at US$ 10,355.73 million in 2022. The bone marrow transplant market is expected to reach a peak of US$ 14,527.05 million by the year 2032. Future Market Insights experts have observed a historical CAGR of 3.3% for the relevant market. The number of bone marrow donor registrants is comparatively lower in developing regions as compared to developed regions. For instance, the severe low presence of donors in China has drastically affected the market in the country. Low availability of HLA-matched bone marrow donors, coupled with the cost factor, has been severely (negatively) affecting the growth of the overall bone marrow transplantation market over the years. The world bone marrow transplant market could rest its growth in demand on the rife prevalence of disorders such as anemia, non-Hodgkin and Hodgkin lymphoma, t...

The healthcare regulatory affairs outsourcing market is estimated to grow at an 11.3% CAGR during the forecast period. The market is expected to be valued US$ 5.8 billion by 2033, up from US$ 2 billion in 2023. Drug and other medical equipment approval is an expensive, time-consuming, and paperwork-intensive operation that puts businesses under a lot of stress. As a result of such situations, the utilisation of healthcare regulatory affairs outsourcing is increasing. Regulatory affairs are demanding operations, and a surge in demand to obtain approval for new products and maintain compliance is projected to boost market share. With an increasing emphasis in the healthcare sector on novel medicine research, some firms are cooperating with outsourcing organisations to accelerate documentation and approvals. Aside from that, global healthcare organisations looking to expand locally are looking for speedy approvals. This could enhance demand for healthcare regulatory affairs outsourcing d...

Breast pump market sales are predicted to grow at a 4.6% CAGR from 2022 to 2030, with a market value of US$ 2.45 billion by the end of 2030, up from US$ 1.72 billion in 2022. Nowadays, breast pumps account for 58.5% of the global breastfeeding accessory industry. Because of technology improvements such as the advent of double breast pumps, which help remove fat content from milk and replace it with higher caloric value, the breast pump market is predicted to grow rapidly. The market observes a decline in BPS values, which is attributed to the additional personal costs associated with using electric breast pumps, such as the frequently reported occurrence of injury and infections, which leads to the consumer seeking alternative options to offset the device's negative effects. Additionally, customers from lower socioeconomic backgrounds had a lower percentage of breast pump adoption due to a lack of breast pump product awareness and availability. A list of Key Players Covered in the ...

The clinical alarm management market is expected to be valued US$ 6.2 billion by 2033, growing at a 7.5% CAGR during the forecast period (2023 to 2033). Alarms alert personnel when a dangerous or life-threatening situation necessitates immediate action; nevertheless, they regularly sound even when no such scenario exists. The vast majority of non-urgent warnings do not require immediate action from a staff member. Alarm weariness is caused by a constant assault of nuisance messages, and it displays as slow or no response, silencing or muting the alarm, or entirely turning off the alarm. The background noise of a unit's environment is created by this cacophony. If the alarm is turned off or muffled, the employee may not be notified of an emergency. Even if there are strategies, none of them can solve the problem on their own. Numerous mitigating activities are required, with only a few of them being unit or patient specific. Alarm parameters, for example, can be adjusted as needed ...

The non-powered (mechanical) energy source segment dominated the North America medical carts market in terms of revenue in 2017 and is likely to maintain its dominance during the forecast period. The Non-powered (mechanical) segment is also the most appealing, with an attractiveness score of 1.2 for the forecast period. This sector is predicted to keep slightly more than 68% of the revenue share of the North America medical carts market in 2017; however, market share is expected to decrease by 432 basis points by 2027. Throughout the projected period, the non-powered (mechanical) sector is expected to develop at a CAGR of 10.4% and be valued slightly more than US$ 1,100 million by the end of 2027. The increased emphasis on point-of-care diagnosis and treatment has resulted in an increase in the use of mobile computer medical carts. Computer medical carts are used to record and update electronic health records for patients (EHR). Increasing adoption of Electronic Health Records (EHR) i...

The global auto injectors market size is expected to be valued US$ 23.9 billion by 2032, with a phenomenal compound yearly growth rate (CAGR) of 21.4% from 2022 to 2032. The market was valued at US$ 3.1 billion in 2021, and it is expected to reach US$ 3.5 billion in 2022. The rising prevalence of numerous ailments, such as diabetes, anaphylaxis, and multiple sclerosis, among others, can be contributed to the expansion of the auto injectors industry. Furthermore, the rise in medication self-administration boosts demand for auto injectors during the projection period. Auto injectors are medical devices that administer a predetermined dose of medication. These devices lessen patients' reliance on healthcare providers while also reducing needle-related injuries and needle phobia, which is a common problem among patients. Furthermore, when compared to traditional medication administration systems, auto injectors provide greater precision, user-friendliness, and less pain. They are chos...

The global radio frequency beauty equipment market is predicted to be worth US$ 339.9 Million by the end of 2022, and to grow at a CAGR of 17.9% to be worth US$ 1.8 Billion by the end of 2032. According to a recent report by Future Market Insights, body contouring will be the dominating application in the global market in 2021, with a market share of approximately 50.5%. Soaring demand for radio frequency beauty equipment is growing on account of higher acceptance of emerging technologies that act as effective alternatives to conventional methods. Global production of radio frequency beauty equipment is anticipated to skyrocket since their demand has been ascending rampantly in both developed and developing markets. The United States leads the North American region with a total market share of approximately 80.9% in 2021 and is expected to grow at a CAGR of 16.7% over the forecast period. Given the enormous expansion in healthcare in the United States, the radio frequency bea...

The prevention or minimization of dangers to the eye or visual integrity is defined as vision care. Vision care treats both vision and eye issues, as well as correcting refractive flaws with prescription eyeglasses and contact lenses. With rising technology and a populace addicted to the digital world, quality and quantity of vision care products are projected to increase in the future years. Substantial investments from market leaders and ongoing research to improve the manufacturing and supply processes of eyeglasses, lenses, and other eye wear are obviously encouraging market sales. In terms of revenue, the North America vision care market is predicted to grow at a CAGR of 9.8% during the forecast period, reaching US$ 100.72 Billion by the end of 2026. The growing prevalence of chronic diseases, as well as an ageing population prone to eye ailments such as cataracts and glaucoma, are driving growth in the North American vision care industry. The senior population is experiencing a ...

The global traditional wound management market is expected to generate profitable prospects from 2022 to 2032, with a valuation of US$ 5.1 billion by the end of 2022 and exceedingly about US$ 6.9 billion by the end of 2032. According to a new analysis by Future Market Insights, the gauze category by product will lead the global market with a share of approximately 39.7% in 2021. The market for traditional wound management grew at a CAGR of 2.9% from 2014 to 2021. Conventional wound management is projected to undergo a shift in dynamics as a result of changes in the demographics of the senior population and the increasing prevalence of wounds caused by the global problem of infection acquired during surgical procedures. Additionally, the surgical list includes chronic wound treatment. The rise in trauma and chronic diseases such as diabetes and ulcers is the primary driver of the traditional wound management market's growth. Competitive Landscape The traditional wound management ma...

Wearable Medical Devices Market is anticipated to reach US$ 73.48 billion by 2032 at a 28.1% CAGR. The wearable medical device industry is predicted to rise due to a growing population and an increase in the number of chronic diseases. As a result of regulatory initiatives, healthcare sector expansion, and an increase in the number of patients, companies in the healthcare industry and product approvals have grown rapidly. With 5G and AI, the most likely diagnosis and treatments for a patient can be found. AI can also assist healthcare providers in predicting which patients are likely to experience difficulties following surgery, allowing them to take precautionary measures. Real-time learning with massive amounts of data often demands high availability and throughput networks. With the introduction of 5G networks, healthcare professionals will be able to leverage AI apps to give immediate, high-quality care to patients all around the world. As a result, cutting-edge innovations like a...

The global neurointerventional devices market is predicted to develop at a CAGR of 4.7% from 2022 to 2030, with a market value of roughly US$ 2.5 billion in 2022. According to Future Market Insights, hospitals will account for more than 90.4% of the global market by end user in 2021. According to the study, the market will reach US$ 3.6 Billion in revenues by the end of 2030. Since the past several years, the burden of neurological disorders has increased multifold. According to the National Center for Biotechnology Information (NCBI), the frequency of cerebral aneurysm is nearly 3.2%, with the prevalence being higher amongst women than men above 50 years of age. It is estimated that around 6.5 million people in the United States possess an unruptured brain aneurysm, while 30,000 suffer a brain aneurysm rupture every year. Based on these trends, it is unsurprising to observe the market being interspersed with the presence of several reputed manufacturers who constantly launch new prod...

The global companion animal drugs market is predicted to increase at a 4.4% CAGR to US$ 59.2 billion by the end of 2033, up from US$ 36.7 billion in 2022. Pets are given companion animal medications to keep them healthy and protected from infections and other health problems. When an animal undergoes surgery, a companion animal veterinarian administers medications to cure wounds, diagnose various ailments, and so on. Companion animal medications are essential for keeping pets healthy while also protecting the entire family who cares for them from any health risks that the pets may pose. Companion animal drugs are regularly used by dogs, cats, horses, and other companion animals. Increasing Urbanization and Growing Affluence in Developing Countries to Benefit the Market Increasing urbanization level and growing affluence, especially in developing countries, have been driving the adoption of pets, thus leading to increased demand for healthcare products for pets such as companion animal...