Future of Sterilization Equipment Market During 2018-23
The sterilization equipment market is expected to reach USD 11.14 billion by 2023 from USD 7.94 billion in 2018, at a CAGR of 7.0% during the forecast period. The major factors driving the growth of this market are the rising incidence of hospital-acquired infections, increasing number of surgical procedures, rising focus on food sterilization and disinfection, technological advancements in sterilization...
Growing Demand for Interventional Angiography Systems in Minimally Invasive Surgeries Driving Market
The global angiography equipment market is projected to reach USD 13.06 billion by 2023 from USD 10.26 billion in 2018, at a CAGR of 5.0%. The growth in this market is attributed to the high prevalence of diseases such as cancer and CVDs, increasing product approvals for advanced angiography techniques in the market, the large number of ongoing research activities, growing government and public-private...
Rising Incidence of Urolithiasis Driving Lithotripsy Devices Market
The global lithotripsy devices market is expected to reach USD 1.76 billion by 2023 from USD 1.41 billion in 2018, at a CAGR of 4.5%. Growth in this market is propelled by the increasing incidence of urolithiasis and technological advancements in lithotripsy devices. However, unfavorable healthcare reforms in the US and the adverse effects associated with lithotripsy and the availability of alternative...
Wound Care Biologics Market : Innovation in Wound Care Biologics
The wound care biologics market is expected to reach USD 2.26 billion by 2023 from USD 1.42 billion in 2018, at a CAGR of 9.8%. Market growth is mainly driven by factors such as the increasing incidence of diabetic foot ulcers, increasing geriatric population, and increasing burn injuries globally. On the other hand, the high cost of wound care biologics and the higher rejection rate associated with...
Growth Opportunities of Gene Panel Market in Emerging Markets
The global gene panels market is expected to reach USD 2.95 billion by 2023 from USD 1.22 billion in 2018, at a CAGR of 19.2%. The growth of this market is mainly driven by increasing prevalence of chronic diseases, growing company initiatives (in terms of strategic partnerships, collaborations, and new product launches), and growing adoption of gene panels owing to their benefits.
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Chlor-Alkali Market Industry Leaders & New Revenue Pockets
Expansions and mergers & acquisitions were the key strategies adopted by industry players to achieve growth in the global chlor-alkali market between 2013 and 2015. These two strategies together accounted for the largest share of all the strategies adopted by market players.
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Some of the leading chlor-alkali manufacturers...
Healthcare Middleware Market : Growing Investments to Overcome Healthcare Interoperability Issues
The global healthcare middleware market is expected to reach USD 3.07 billion by 2023 from USD 1.90 billion in 2018, at a CAGR of 10.0%. Increasing utilization of smart devices, availability of big data in healthcare, increasing need for data interoperability, and growing investments to overcome healthcare interoperability issues are the key drivers for the global healthcare middleware market.
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High Prevalence of Infectious Diseases and Various Types of Cancers– A Key Factor Driving The Market for Molecular Diagnostics
The global molecular diagnostics market is projected to reach USD 11.54 billion by 2023 from USD 7.71 billion in 2018, at CAGR of 8.4%. Growth in this market is driven by the high prevalence of infectious diseases and various types of cancers, increasing awareness and acceptance of personalized medicine and companion diagnostics, growth in the biomarker identification market, and advancements in molecular...
Patient Monitoring Device/System/Equipment Market expected to reach USD 25.31 Billion by 2023, at a CAGR of 5.7%, over 2017–2023
The patient monitoring devices market is expected to reach USD 25.31 billion by 2023 from USD 19.14 billion in 2018, at a CAGR of 5.7%. Factors such as the easy availability of wireless monitoring devices and the rising incidence of lifestyle and chronic diseases are expected to drive market growth during the forecast period. On the other hand, the risks associated with invasive monitoring devices...
Favorable Regulations Driving the Use of Biological Safety Cabinets in the Healthcare Industry
The biological safety cabinets market is projected to reach USD 205.9 million by 2022 from USD 144.3 million in 2017, at a CAGR of 7.4% during the forecast period.
Growth in the biological safety cabinets market is mainly driven by factors such as favorable regulations, increased risk of pandemics and communicable diseases, increasing number of R&D activities in biotechnological and pharmaceutical...