Healthcare Industry News

Visualize a house where your shower runs a quick, non-invasive health check when you step in, and your bed is armed with sensors that can sense any signs of unkind health. Collected information gets shared across different home devices and offers alarms to guarantee your health is not compromised. Such scenarios are slowly becoming reality. In several cases, home care technologies can successfully replace conventional healthcare technologies. Telemedicine, precisely, has become gradually popular in the last few years, as people across generations are not able to access health consultants in a conventional, in-person setting. To simplify this, with earlier understood problems like wait times and high healthcare expenses, home care technologies are in high demand. Telemedicine technologies also allow the remote exchange of data, commonly through virtual mediums, among physicians and patients. Taking appointments through the phone, a video call, or an app aids patients to decrease commute...

 The mineral supplements industry has garnered $13.19 million revenue in 2021, and it is projected to rise at the rate of 5.3% from 2021 to 2030, to generate $21.0 billion in 2030 . It is led by the growing adoption of these products that decrease the incidence of chronic diseases, such as osteoporosis, anaemia, and cancer. Additionally, the surging implementation of preventive healthcare practices, associated with the rising prevalence of lifestyle-associated disorders, is projected to fuel the sector's growth. Health Promotion and Chronic Disease Prevention According to studies, mineral supplements can reduce the risk of health problems and diseases, including heart disease, cancer, lung disorders, osteoporosis, psychiatric disorders, and death risk. Pregnancy and Birth Outcomes Prenatal mineral supplements can help a pregnant person to get better nutrients, more specifically iron and folic acid. Pregnant women with malnutrition risk are likely to give birth to a premature baby w...

The growing prevalence of stroke and spinal cord injuries (SCIs) is fueling the surge in the demand for exoskeletons in several healthcare settings such as rehabilitation centers across the world. In the healthcare industry, exoskeletons are used for helping paralyzed patients walk. For example, as per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., there are around 54 cases of SCIs per one million people, or nearly 17,730 new SCI cases are reported every year. Furthermore, in the U.S., the average number of people suffering from spinal cord injuries is 291,000, with various individual estimates falling in the range of 249,000–363,000. The surging geriatric population in several countries is also fueling the demand for exoskeletons. As per the World Population Ageing 2019 report published by the UN, the total number of people in the age bracket- 65 years or above across the world was 703 million in 2019. Moreover, the public awareness about exoskeletons and th...

 The wound closure products market has garnered $6,540.1 million revenue in 2021. Moreover, it is projected to advance at a rate of 5.0%, to generate $10,148.7 million revenue in 2030. It is ascribed to technological advancements, increasing elderly population, rising incidence of diabetes, and surging healthcare expenditure.  In addition, the rising volume of surgical procedures, led by the increasing prevalence of chronic diseases, and the growing count of road accidents propel the industry size. Homecare Settings To Witness Fastest Growth Homecare settings will experience the fastest growth in the coming years, at a rate of 6%. It will be due to the worldwide increasing elderly population, rising adoption of home healthcare services, and growing usage of easy-to-use products.  Moreover, patients with accident wounds and diabetic foot ulcers need to be hospitalized for a long duration. It is usually difficult and costly and, thus, results in a high requirement for woun...

A number of factors such as the increasing cases of cancer, mounting healthcare expenditure, surging awareness regarding cancer and cancer treatment options, soaring preference for minimally invasive surgeries, and rising technological advancements in image-guided biopsy systems are expected to drive the aspiration and biopsy needles market at a CAGR of 7.2% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $801.5 million in 2019 and it is projected to reach $1,717.9 million by 2030. The aspiration and biopsy needles market is being driven by the surging cases of cancers across the world. According to the World Health Organization (WHO), in 2020, cancer accounted for approximately 10 million deaths. Breast, lung, colon and rectum, prostate, skin (non-melanoma), and stomach cancers were the most prevalent types of cancer in 2020. Different types of cancer are detected by biopsy and aspiration, which evaluates the nature of tumor by ta...

Personal protective equipment (PPE) refers to specialized equipment or clothing worn by frontline workers, including medical and sanitation workers, for protection against infectious diseases and materials. A standard PPE kit includes masks, gloves, face shields, gowns, head covers, shoe covers, goggles, respirators, and eye protection units. The kit prevents any contact with an infectious agent by creating a barrier between the healthcare worker and potential infectious material. Governments across the world have laid guidelines regarding the development of PPE to prevent work-related death, illness, and injury. With the outbreak of coronavirus (COVID-19), the requirement for PPE kits has exponential surged, as the virus has affected every corner of the world. The virus is still affecting millions of people and is straining healthcare resources of all countries by creating high demand for this protective gear. On account of the rising prevalence of COVID-19, the personal protective eq...

Air pollution kills over 7 million people around the world each year, says the World Health Organization (WHO). To make matters worse, the level of contamination in the air is rising sharply, especially in emerging economies such as China and India. This factor would be instrumental in driving the global nebulizer market from $765.1 million in 2019 to $1,698.1 million in 2030 at a steady 7.4% CAGR between 2020 and 2030. For instance, the air quality index (AQI) in Delhi in 2019 oscillated between 300 and 1,000, which is considered extremely dangerous. Households, manufacturing units, thermal power plants, and the transport sector are the key sources of air pollution, which are leading to an increase in the deaths attributed to asthma, chronic obstructive pulmonary disease (COPD), and other respiratory issues. This is driving the nebulizer market, as such appliances are used to aerosolize the medication and deliver it directly to the lungs. In today’s times, nebulizer sales are rising r...

 Around 17.9 million die as a result of cardiovascular diseases (CVDs) and 9.6 million as a result of cancer, every year, says the World Health Organization (WHO). Moreover, over 250 million suffer from chronic obstructive pulmonary disease (COPD), 235 million have asthma, and 422 million are living with diabetes. A lot of these diseases can be detected early via blood tests, which is the primary reason for the increasing demand for lancets. Therefore, the global lancet market, which had generated $830.3 million revenue in 2019, is projected to experience a 9.5% CAGR between 2020 and 2030 (forecast period). A lancet is a pen-like device, which contains a needle connected to a spring, meant to draw sufficient blood, in a minimally invasive manner. Till 2030, the safety bifurcation is predicted to continue generating higher revenue in the lancet market, as the preference for these devices is high, on account of their better safety profile. Owing to their single-use design, they reduc...

 The United Nations (UN) states that for the first time in history, people aged 65 years or more outnumbered children below 5 years of age in 2018, globally. As per the UN, approximately 16% of the world’s population will be aged over 65 years by 2050 and the number of persons aged 80 years or more will surge from 143 million in 2019 to 426 million in 2050. This age pool is creating a significant requirement for urological and intravenous catheters in homecare settings due to its weak urinary bladder and extensive need for regular monitoring. Additionally, the surging prevalence of chronic diseases, such as autoimmune diseases, including type 1 diabetes, inflammatory bowel disease, and systemic lupus erythematosus; neurological disorders, cancer, and cardiovascular diseases (CVDs), will help the catheter market exhibit a CAGR of 8.8% during 2020–2030. The market revenue stood at $14.3 billion in 2019, and it is projected to reach $36.0 billion by 2030. For example, according to the...

The process of breast reconstruction has drastically improved over the past 20-30 years. Apart from allowing safer procedures, these advances produce improved rates of recovery and aesthetics. They have aided patients of breast cancer and other survivors to experience regular and natural-looking fallouts that increase their confidence.  Positive breast reconstruction trends comprise: Improved Patient Awareness Liberal legislative changes recently have prioritized the education of survivors of breast cancer survivors on rehabilitative options after a mastectomy. An instance is the Breast Cancer Patient Education Act, which necessitates all hospitals that achieve mastectomies to assume this accountability. Enhanced Implant Placement Techniques Breast reconstruction doesn’t use a one-size-fits-all method. Some patients retort better to tissue transfers artificial implants, or a blend of both. One of the state-of-the-art processes is less painful and endorses faster healing. Recognized...

Flow cytometry is a method that measures and then analyses several physical properties of single particles, often cells. The relative size, granularity, and fluorescence intensity of a particle are among the characteristics that are assessed. An optical-to-electronic coupling device measures these properties by observing how well the cell or particle scatters incoming laser and emits fluorescence. By 2030, it is predicted that the flow cytometry market will be worth $10,065.4 million. How Does Flow Cytometry Function? The first phase in the flow cytometry procedure is planning the sample for analysis. Suspend any cells derived from blood, disintegrated tissues, or cell culture. The addition of antibodies tagged with fluorescent probes, or dyes that stain cellular components, allows the other samples to be spoiled.  Cells must first be frozen and permeabilized for antibodies and dyes to penetrate the cell during intracellular protein analysis. After incubating with the antigens or s...

According to the United Nations Department of Economic and Social Affairs (UNDESA), the number of people aged 65 years or more will grow from 727 million in 2020 to around 1.5 billion by 2050.  The U.S. Census Bureau forecasts that the global population of men aged 55–59 years will reach 222,508,188; men within the age group 60–64 years will rise to 198,506,354; and men in the age bracket 65–69 years will surge to 160,741,527 by 2030.  As elderly men are highly vulnerable to benign prostatic hyperplasia (BPH), the surging population of geriatric men will help the benign prostatic hyperplasia treatment market flourish during 2021–2030. According to P&S Intelligence, the market revenue will surge from about $10 billion in 2020 to around $17 billion by 2030. BPH or prostate gland enlargement occurs due to bladder or prostate cancer, kidney or bladder stones, urinary tract infections (UTI), scarring in the bladder neck caused due to previous surgeries, urethral stricture, and ...

A number of factors such as the increasing incidence of burns, growing disposable income, burgeoning geriatric population, rising cases of road accidents, and growing prevalence of skin diseases will help the topical scar treatment market exhibit a CAGR of 7.7% during 2021–2030. According to P&S Intelligence, the market revenue stood at $701.6 million in 2020, and it will reach $1,451.1 million by 2030. In recent years, the burgeoning demand for silicone-based scar treatment products has become a prominent industry trend. The rising prevalence of burn injuries is one of the primary growth drivers of the market, as scars are often formed due to skin damage caused owing to burns. According to the WHO, approximately 180,000 burn-related deaths are caused every year, globally. Nearly two-thirds of these deaths are recorded in the African and SEA regions. As per an article published in the Experimental and Therapeutic Science Journal in April 2019, over 10 million people in China suffer...

In 2021, the global interbody spine implants market accounted for $1,904.8 million revenue, which is expected to touch $2,471.8 million by 2030, at a 2.9% CAGR. Advancements in spinal surgery technologies, increasing demand for spinal fusion devices owing to the rising prevalence of spinal ailments, fast acceptance of minimally invasive spine operations, and surging number of sophisticated bone-grafting product launches are the primary drivers for the market. Market Opportunities • Owing to the aging of the global population, there is a continuing demand for spinal implants, which drives spinal implant innovation. Metallic biomaterial implants, bioceramic implants, and polymeric implants have been developed for improved clinical results. • Many companies offer products for advanced techniques, including oblique lateral interbody fusion (OLIF), robot-assisted spine surgery, and 3D printing, which offer several opportunities in the field of neurology drugs and surgeries. In the comin...

When a child is born before two months or more, there is an augmented chance they will have a condition called retinopathy of prematurity, characterized by the development of irregular blood vessels in the retina of the fetus. Although numerous cases of ROP are mild, with very little influence on vision, there are more aggressive cases resulting in eye damage or even loss of sight. What Is ROP? The retina lines the hind portion of the eye, where it captures info in form of light and sending it to the brain, which systematizes and translates the info into an image. When in the womb, eyes of the baby start developing between the 5th and 8th months of gestation, ultimately leading to the complete formation of the retina, and all the other parts of the eye. The fetal retina starts to grow blood vessels at around the 16th week of pregnancy and will endure to grow throughout the pregnancy. What It Means for My Child Numerous children with ROP have mild impact and will see usually. Though, pr...

Compared to $4,550.6 million in 2021, the global bio-based cosmetics and personal care ingredients market is projected to generate $7,271.7 million by 2030, advancing at a CAGR of 5.3% during 2021−2030. The expanding cosmetics industry, spreading awareness regarding the side-effects of synthetic chemicals on the skin, and surging influence of advertisement strategies on consumer trust are propelling the market.  In the year 2021, the usage of bio-based elements in skin and sun care solutions generated almost $2 billion in revenue. The dominance of this application on the bio-based cosmetics and personal care ingredients market is mainly due to the increasing awareness regarding sun and skincare products among customers and the involvement of companies in creating natural ingredients for such cosmetics. Key Findings of Bio-Based Cosmetics and Personal Care Ingredients Market Report • In 2021, North America led the bio-based cosmetics and personal care ingredients market with aroun...

 In 2021, the global DNA extraction kit market revenue was $1,354.4 million, which is predicted to reach $2,818.2 million by 2030, advancing at an 8.5% CAGR. The market growth can be primarily attributed to the surging research activities, for technological developments in forensic sciences and healthcare services, as well as the growing investments in molecular diagnostics, for a range of chronic and infectious diseases. The demand for user-friendly, accurate extraction kits as well as automated DNA extraction methods is rising. Additionally, it is expected that the applications of NGS and DNA in the profiling of viral infections would speed up the market growth in the years to come. The biggest end users in the DNA extraction kit market are healthcare facilities. Due to the rising need for timely and precise illness diagnoses, the category held a revenue share of over 50% in 2021. Even hereditary diseases, including Tay–Sachs disease, hemophilia A, and sickle cell disease, may be...

The soaring geriatric population is one of the major factors propelling the demand for dermal fillers in the Middle East, owing to the fact that with increasing age, the body starts registering reduction in glandular and vascular tissues and loss of fibrous tissue. As per the United Nations Department of Economic and Social Affairs (UNDESA), the share of the people aged 60 years and above in Saudi Arabia is expected to be 25% of the total population of the country by the end of 2050. Driven by the above-mentioned factors, the value of the Middle Eastern dermal fillers market is expected to rise from $34.3 million to $67.7 million from 2017 to 2023. The market is set to advance at an 11.9% CAGR during the forecast period (2018–2023). There are multiple types of dermal fillers available in the market — hyaluronic acid-based, synthetic polymer-based, hydroxylapatite-based, and collagen-based fillers. Amongst these, hyaluronic acid-based fillers are expected to record the fastest grow...

 In 2020, Brazil registered 592,212 cancer cases and 259,949 deaths, as per the International Agency for Research on Cancer (IARC). Moreover, as per the World Health Organization (WHO), Latin America (LATAM) had recorded 1.3 million new cancer cases in 2018, which, according to the IARC, surged to 1.4 million in 2020. Similarly, the cases of heart diseases are also rising in the region on account of an unhealthy lifestyle, exposure to pollution, stress, and several genetic factors. As per P&S Intelligence, due to the surging prevalence of such chronic conditions, the LATAM wound dressing market size will grow from $344.3 million in 2020 to $549.5 million in 2030, at a 5.0% CAGR between 2021 and 2030. This is because often, these chronic diseases result in long-lasting wounds, which are slow and hard to heal. Moreover, the surgeries done to treat these conditions also lead to wounds, which require an array of dressings for their management. Of these two major kinds of products, ...

The geriatric population across the globe is rising at a rapid pace. Older people have reduced glandular and vascular network in skin layers and witness loss of fibrous tissues. These age-related changes result in the occurrence of wrinkles, skin sagging, pigmentary alteration, and dryness. Due to this, old age people are increasingly making use of anti-aging products, which aid in slowing down skin aging, thereby providing a younger look by tightening and revitalizing the skin. In addition to this, the increased social media penetration has also led to the rising consciousness regarding physical appearance.  Different anti-aging products are anti-stretch marks, anti-wrinkle, ultraviolet (UV) absorbers, and hair color. Among these, the demand for anti-wrinkle products was the highest in the past, which can be primarily ascribed to the increasing awareness regarding Botox treatment for improving skin appearance among customers. Devices that are used for reducing the aging of skin in...