The global age-related macular degeneration (AMD) market reached a revenue of $5.3 billion in 2015 and it is predicted to attain a value of $8.9 billion by 2022. Furthermore, the market will demonstrate a CAGR of 7.6% from 2016 to 2022 (forecast period), as per the estimates of the market research firm, P&S Intelligence. The market is being driven by the increasing incidence of chronic diseases, surging healthcare expenditure in several countries, soaring pipeline of AMD drugs, and…

According to the World Health Organization, approximately 1.1 billion people smoke tobacco, and the number would double by 2050, if nothing is done. Tobacco consumption, apart from leading to lung cancer and other respiratory diseases, is the most-significant reason behind the development and progression of age-related macular degeneration (AMD). A chronic eye disease, AMD damages the macula of the retina, thereby leading to blurred vision and often a blind spot in the visual…

A number of factors such as the surging aging female population, increasing prevalence of infertility cases, and soaring incidence of uterine malformations are expected to drive the female fertility and pregnancy rapid test market at a CAGR of 4.5% during the forecast period (2016–2022). Moreover, the rising adoption of at-home diagnostic devices and mounting awareness about pregnancy and fertility among females will also help the market in generating a revenue of $489.3 million by…

The market is growing due to the rising preference for surgical staplers over traditional sutures, increasing number of surgical procedures, surging demand for minimally invasive surgical procedures, emergence of technologically advanced surgical staplers, increasing number of bariatric and other weight loss surgeries, and rising prevalence of chronic diseases. Medical devices that are utilized for closing incisions during different surgical procedures are referred to as surgical…

In 2016, the global surgical sutures market generated a revenue of $3.5 billion. According to the forecast of P&S Intelligence, a market research company based in India, the market would attain a value of $4.7 billion by 2023 and exhibit a CAGR of 4.2% between 2017 and 2023. Surgical sutures are integral parts of all healthcare operations and applications and with rapid technological advancements and innovations, surgical sutures of various sizes, materials, and shapes are being swiftly…

The pollution across the globe has risen considerably over the past few years. The pollution levels are particularly high in urban areas, which can be ascribed to the swift industrialization, rising number of construction activities, and surging number of vehicles on roads. While the usage of vehicles and consumer products have made things incredibly easy for people, the resulting pollution is also significantly affecting their health. A substantially high number of people have died due to…

The volume of surgeries all across the globe is rising rapidly, which can be attributed to the surging prevalence of chronic diseases and road accidents. Several chronic diseases need surgical intervention as medication alone cannot help in managing the disease. In addition to this, the number of vehicles on the roads is growing, owing to the increasing purchasing power of people, which, in turn, is leading to the surging number of road accidents. In severe cases, a person needs to go…

Blockchain technology is a record-keeping technology that stores data in blocks that are chained together. Once a new block is filled with data, it is chained to the previous block, thereby linking the data in a chronological order. After the addition of a block to the end of the blockchain, it is extremely difficult to go back and change the contents of the block unless a consensus is reached among the majority. Owing to the higher security offered by blockchain technology than the…

According to the National Center for Biotechnology Information (NCBI), nearly 7,000–9,000 human lives are lost every year in the U.S. due to medication errors. Similarly, the Canadian Patient Safety Institute (CPSI) states that nearly 10% of the patient safety incidents in the country are caused due to faulty medication. Such errors can be primarily attributed to the lack of proper healthcare medication administration and weak communication between patients and medical professionals. The…

According to the National Center for Biotechnology Information (NCBI), nearly 7,000–9,000 human lives are lost every year in the U.S. due to medication errors. Similarly, the Canadian Patient Safety Institute (CPSI) states that nearly 10% of the patient safety incidents in the country are caused due to faulty medication. Such errors can be primarily attributed to the lack of proper healthcare medication administration and weak communication between patients and medical professionals. The…

Hospital beds are being adopted in large numbers in homecare settings due to the lower cost, greater convenience, and more effective properties of home healthcare in comparison to hospital settings. Home healthcare services include medical and social services, scheduled doctor visits, nursing care, home blood collection, physical therapies, rehabilitative services, occupational speech-language therapy, and geriatric counseling. Increasing demand for home healthcare services in developed…

The surging prevalence of chronic diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer, rising technological advancements, escalating cigarette consumption, soaring air pollution levels, and increasing geriatric population are expected to drive the respiratory diagnostic and monitoring device market at a CAGR of 8.1% during the forecast period (2016–2022). According to P&S Intelligence, the market generated revenue of $4,348.1 million in 2015. According…

Factors such as the surging geriatric population, escalating per capita income, soaring number of patients with psoriasis, rising number of research programs, and booming healthcare spending will drive the psoriasis drugs market at a CAGR of 14.0% during the forecast period (2021–2030).

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The outbreak of the COVID-19 infection has augmented the need for medical products in recent years. As the virus is spreading at an exponential rate, people need to vaccinate at a rapid pace in order to protect themselves from the infection. To meet the high demand for vaccines, pharmaceutical companies are heavily investing in the expansion of their production capacities. Moreover, the mushrooming focus of pharmaceutical and biotechnology companies and research organizations on discovering…

The incidence of skin diseases is rising all across the globe. In addition to this, the harmful effects of ultraviolet rays is compelling people to seek medical treatment for the damage is being caused to the skin. This along with the surging pollution, tobacco consumption, and excessive alcohol consumption reduce the elasticity of skin and makes it prone to sunburns. Furthermore, acne a major skin condition, is affecting millions of people all over the world.

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Growth drivers like booming geriatric population, escalating healthcare expenditure, rising cases of chronic disorders, and increasing pipeline of age-related macular degeneration (AMD) therapeutics will boost the age-related macular degeneration market growth, at a CAGR of 7.6%, during 2016–2022. At this rate, revenue of the market is expected to rise from $5.3 billion in 2015 to $8.9 billion by 2022. AMD is a retinal disorder that leads to visual impairment or blindness among elderly…

Each year, cancer kills 9.6 million people, while heart diseases (CVDs) kill 17.9 million people, says the World Health Organization (WHO). These massive mortality rates and incidence of chronic diseases are leading to more hospitalizations each year, which is giving a strong push to the global healthcare industry. New medical facilities are being constructed, while the existing ones are being advanced and expanded. Now, one of the most essential steps to treating any disease, chronic or…

The self-monitoring blood glucose devices market generated $13.2 billion in 2017, and it is projected to reach $18.6 billion by 2023, advancing at a CAGR of 5.9% during the forecast period (2018–2023). The market growth is driven by the rising cases of diabetes, escalating awareness about diabetes care, growing obese population, and surging aging population. The International Diabetes Federation (IDF) states that by 2045, around 700 million people will be affected by diabetes. Moreover, the…

The increasing incidence of skin problems and chronic diseases is boosting the requirement for medical lasers across the world. Additionally, the surging geriatric population in several countries is propelling the demand for laser-based treatments, which is, in turn, fueling the progress of the medical lasers market. This is because elderly people are highly vulnerable to various skin disorders, on account of the reduced glandular and vascular network in their skin layers and the loss of…

One of the key factors responsible for the surge in the demand for wearable fitness trackers is the rising adoption of smartphone-based fitness tracking apps across the world. These apps, owing to their ability to provide a wide array of useful features, functions, and designs that help the consumers in their fitness journey, are witnessing a ballooning demand. Furthermore, the support granted to these apps by all the major smartphone operating systems, such as Android, Apple, and…