Market Research Trends

  Next-Generation Sequencing Data Analysis Industry Overview The global next-generation sequencing data analysis market size was valued at USD 561.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.02% from 2021 to 2028.  Next-generation sequencing (NGS) has effectively helped in studying epigenomic as well as genomic patterns associated with various biological processes. However, issues pertaining to storage, management, and accessing information are expected to provide the market with potential R&D opportunities, consequently fueling the growth of the market. Research communities that use high-throughput sequencers demand Laboratory Information Management Systems (LIMSs) for handling and archiving sequencing information. Cloud-based platforms offer favourable solutions for computationally intensive tasks during the analysis of NGS data. Therefore, it has become a quick and easy approach for the acquisition of computational resources...

Blood Testing Industry Overview The global blood testing market size was valued at USD 73.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2028. Growing medical spending by the government and regulatory bodies is expected to drive the market during the forecast period. Government and key organizations are constantly engaged in encouraging patients to undergo regular diagnostic examinations. Multinational healthcare organizations aid in the discovery of novel techniques and promote awareness about the eradication and diagnosis of common as well as chronic disorders. Robust external funding to the clinical studies conducted for the development of novel innovative diagnostic tests is expected to boost the market. The introduction of constructive regulatory parameters that aim to promote the usage of POC testing is a high-impact rendering driver of the market. Gather more insights about the market drivers, restrains and growth of the ...

HPV Testing And Pap Test Industry Overview The global HPV testing and Pap test market size was valued at USD 1.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.4% from 2021 to 2028.  Technological advancements, increasing number of cervical cancer screening programs, and high incidence of cervical cancer are some major factors driving the market for HPV testing and Pap test.  However, the outbreak of Covid-19 and the implementation of restrictions to stay-at-home across the globe have rigorously reduced routine cancer screenings. The decline in screenings was steep and swift; as of April 25, 2020, the decline recorded for breast and cervical cancer screening was 94%. During the lockdown, screening of cervical cancer decreased to 80% relative to the baseline, among the 1.5 million population of women is the Kaiser Permanente Southern California (KPSC) network. Segmenting the screening as per age, for women aged between 21 and 29, screeni...

Digital Patient Monitoring Devices Industry Overview The global digital patient monitoring devices market size was estimated at USD 62.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.5% from 2021 to 2028. Rising demand for continuous monitoring devices and increasing prevalence of chronic diseases such as diabetes, hypertension, cardiovascular diseases, and others are factors propelling the growth of the market. In recent years, the adoption of sensor-based wearable devices such as continuous glucose monitors, ECG, and others is increasing among patients as well as healthcare providers. These devices can track the patient’s vital signs on a real-time basis which can then be transmitted to their doctors electronically and can also be integrated with the EHR. This allows the providers to continuously monitor the patient eliminating the need for frequent hospital visits. The rising demand for wearable devices has encouraged key players to carry in...

Drug Discovery Informatics Industry Overview The global drug discovery informatics market size was valued at USD 2.39 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2021 to 2028. The drug discovery informatics market is set to gain momentum in the coming years due to advancements in high-performance computing & web services, increasing adoption of in-silico modeling tools, the growing volume of drug discovery data, and rising demand for novel medicine moieties. The launch of advanced drug discovery information technology is set to intensify the industry competition. For instance, in January 2021, Certara, Inc. launched Simcyp Physiologically-based Pharmacokinetic (PBPK) Simulator platform version 20. The new models help in assessing and analyzing the drug action during pregnancy and lactation. Gather more insights about the market drivers, restrains and growth of the Global Drug Discovery Informatics Market In addition, it helps the cu...

Orthopedic Navigation Systems Industry Overview The global orthopedic navigation systems market size was valued at USD 1.97 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.4% over the forecast period. Rising geriatric population & cases of joint reconstruction, growing healthcare expenditure, and high awareness levels among patients & healthcare professionals are expected to drive the market growth over the forecast years. There is an increase in the number of cases of orthopedic conditions, including osteoporosis, osteoarthritis, rheumatoid arthritis, and ligamentous knee injuries. These ailments affect the body's musculoskeletal system, which comprises muscles, bones, joints, nerves, ligaments, cartilage, and tendons. This results in a reduction in the range of motion, stiffness, swelling, and muscle pain that later requires surgical treatment. Gather more insights about the market drivers, restrains and growth of the Global Orthopedi...

Scanning Electron Microscopes Industry Overview The global scanning electron microscopes market size was valued at USD 3.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.52% from 2021 to 2028. Key drivers of the market include increasing demand for nanotechnology-based research and consequent rise in funding. Furthermore, growing product application in the semiconductor, electronics, and pharmaceutical industries is expected to drive the market over the forecast period. In addition, improvements in the resolution power and features like attachment of other devices, such as energy x-ray dispersion spectrometer, are expected to propel market growth over the forecast period. A key reason for the success of Scanning Electron Microscopes (SEMs) is that they are widely used by small- to medium-scale R&D institutes and pharmaceutical companies. They provide researchers and quality assurance personnel with data regarding surface morphology and properti...

Kidney Function Tests Industry Overview The global kidney function tests market size was valued at USD 777.06 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.  Factors, such as investments by market players, increasing R&D activities, high prevalence of kidney diseases, and rising government initiatives, are expected to significantly drive market growth. Kidney function tests are simple laboratory tests used for investigating and evaluating functions of the kidney. Increased risk of Chronic Kidney Disease (CKD) and Acute Kidney Injury (AKI) due to the rising prevalence of diabetes and hypertension has drastically upsurged the demand for these products. The outbreak of coronavirus has further fueled the product demand. According to the study published by the National Kidney Foundation, people hospitalized due to Covid-19 are at significant risk of developing AKI. The study stated that Covid-19 patients were twice as likel...

ENT Devices Industry Overview The global ENT devices market size was valued at USD 20.7 billion in 2020 and is estimated to expand at a compound annual growth (CAGR) of 4.7% from 2021 to 2028. The rising geriatric population, increasing prevalence of ENT-related disorders, increasing penetration of minimally invasive ENT procedures are among the key trends stimulating market growth. Technological advancements also play an important role in the growth of the market. Demand for advanced ENT devices and systems, such as robot-assisted endoscopes, in developing economies is low due to high cost, as their use is concentrated to developed economies, such as the U.S. However, increasing healthcare spending by other governments and a rise in per capita income are anticipated to significantly improve market penetration. Sales are expected to increase at a rapid pace in developing economies due to the high incidence of ENT diseases, such as hearing loss and sinusitis, and an increase in efforts ...

Continuous Glucose Monitoring Device Industry Overview The global continuous glucose monitoring device market size was valued at USD 4.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.1% from 2021 to 2028. Key factors driving this market are the rising incidence of diabetes, coupled with the increasing geriatric population prone to diabetes. The Continuous Glucose Monitoring (CGM) devices market is further propelled by growing awareness about diabetes preventive care, new product launches, and supportive government initiatives. Increased demand for continuous glucose monitoring devices amid the COVID-19 pandemic is attributed to the loosened restricted regulations and issued guidelines for the use of home-use glucose meters or CGMs in hospital settings by the federal agencies. The CGMs approved for hospital use include the Dexcom G6 and Abbott FreeStyle Libre. Gather more insights about the market drivers, restrains and growth of the Global Contin...

Food Additives Industry Overview The global food additives market size was valued at USD 98.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028. The requirement of improving taste, texture, mouthfeel, and overall appearance of food and beverages is expected to propel the demand for food additives. The growing food and beverages industry globally is the key factor driving the market. The consumption of packaged food products and beverages across the world is rising due to the changing dietary patterns of the population. This is expected to contribute to the surging demand for additives used during food processing to improve its quality and nutritional content. The preference for a plant-based diet and the growing interest of consumers to pay more for clean-label products in the U.S. have surged the consumption of food and drinks infused with natural ingredients. In May 2021, Ventura Foods, LLC, a U.S.-based company, launched new...

Iron Oxide Pigments Industry Overview The global iron oxide pigments market size was valued at USD 2.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028.  The rapidly growing construction industry across emerging nations is expected to be the key growth factor for the market over the forecast period. Moreover, the growing utilization of iron oxide pigments in the coating industry owing to their excellent dispersibility and high strength, which make them suitable for use in different types of paints and coatings under extreme atmospheric and weather conditions, is expected to propel the market growth over the forecast period. Iron oxide pigments are widely used in various plastic products, including auto parts, fenders, soda bottles, food packaging, toys, and vinyl sidings. Iron oxide pigments are used as colorants in the aforementioned products. Gather more insights about the market drivers, restrains and growth of the Globa...