MarketsandMarkets Blog

Innovation in Class III medical devices is on the rise, consequent to the growing development and production of complex products such as pacemakers and implantable medical devices. Medical device companies face challenges in manufacturing Class III devices in high volumes, given the complexity of the assembly and test processes. Furthermore, both the devices and processes must meet regulatory compliance...

The growth of the market is attributed the growing funding initiatives for molecular diagnostics & infectious diseases, and recent launches of INAAT consumables by prominent market players. However, the unfavorable reimbursement scenario for in vitro diagnostic tests is a major factor restraining market growth. The isothermal nucleic acid amplification technology market is expected to grow at...

The growth of Benign Prostatic Hyperplasia Treatment Market is driven by the increasing prevalence of benign prostatic hyperplasia, the rising preference for minimally invasive surgeries, increasing obesity rate, and investments, funds, and grants for research in the field of BPH treatment. The Benign prostatic hyperplasia treatment market is projected to reach USD 14.1 billion by 2026 from...

Diabetes is a chronic medical condition affecting millions of lives worldwide. Managing diabetes requires a delicate balance of monitoring blood sugar levels and administering insulin as needed. Insulin delivery devices have emerged as crucial tools in this endeavor, revolutionizing the way individuals with diabetes manage their condition. The report Insulin Delivery Devices Market is expected...

The growth in the Animal Wound Care Market is driven by rising demand for animal food products, increasing companion animal market, and surging veterinary healthcare expenditure. However, an upsurge in pet care expenditures and the dearth of vet practitioners in developing markets are impeding the market’s growth. Animal Wound Care Market is projected to grow from USD 1.2 billion in...

The nuclear imaging equipment market refers to the market for medical devices and equipment used in nuclear medicine. This includes equipment such as single-photon emission computed tomography (SPECT) and positron emission tomography (PET) scanners. The demand for these devices is driven by the increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders,...

The increasing incidence of blood disorders and the growth in the number of blood donation are the major factors driving the growth of the global hematology analyzers and reagents market. Technological advancements in hematology analyzers and reagents and the integration of flow cytometry techniques with hematology analyzers are also expected to support the growth of this market during the forecast...

As technology continues to advance, the medical field is seeing a significant transformation in the way diagnostics are performed. Digital X-ray is one of the key innovations that has transformed medical imaging and diagnosis. The global digital X-ray market is expected to reach USD 16.4 billion by 2026 from an estimated USD 11.1 billion in 2021, at a CAGR of 8.1% from 2021 to 2026. Download...

Increasing government initiatives to control visual impairment, technological advancements in ophthalmic devices, and the increasing adoption of contact lenses and spectacles are some of the key factors driving the market for ophthalmic equipment. The report Ophthalmic Equipment Market is projected to reach USD 80.9 billion by 2027 from USD 63.4 billion in 2022, at a CAGR of 5.0%. Download...