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Pramod Kumar

Pramod Kumar

Pramod  has around 7 years of experience in market research ...

Delhi - North Delhi - Delhi

Pramod Kumar

2 months ago

What is the Market Value of Pharmacogenomics Market?

Market Growth Will
Accelerate ot a CAGR

I (2021-2030)
|

The technology of sequencing is projected to advance with the
highest CAGR, around 8%, during 2021-2030.

   

Market Size for 2021
$5,527.2 Mn
Market Size for 2030

$10,505.3 Mn

-
0 Genotyping
~45%5% Services Revenue
¢¥ Share in 2021

North America is Expected
to witness Over 7% CAGR

Oncology Applications Garnering
Highest Revenue

2.7 bn AL

 

GROWTH

DRIVERS

* Increasing prevalence of infectious
disease

* Growing adoption of personalized
medicine

Thermo Fisher Scientdic Inc. GIAGEN NV |
Admaca Health LLC | Asbor Loboratoras

n-Lo Roche Lid. | 23andMa inc. |
eics Inc. Masa Laboratories Inc
Laboratory Corporation of Amarca Holdings

Exoct Scinces Corporation
MARKET
PLAYERS

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Pharmacogenomics Market Dynamics, Size, Forecast, 2022-2030

The pharmacogenomics market size was around $5,527.2 million in 2021, and it is set to grow at a 7.4% compound annual growth rate between 2021 and 2030

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In 2021, the global pharmacogenomics market was worth $5,527.2 million, which is set to reach $10,505.3 million, rising at a CAGR of 7.4% from 2021 to 2030. The growing use of pharmacogenomics in the development and discovery of medicines, increasing rate of adverse drug reactions (ADRs), shift from reactive to preventive care, and growing prevalence of cancers and infectious diseases are the key drivers for market growth.

Therefore, key players are extensively involved in seeking approvals and product launches to remain competitive. They include Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd., Myriad Genetics Inc., Abbott Laboratories, Admera Health LLC, QIAGEN N.V., Laboratory Corporation of America Holdings, 23andMe Inc., Exact Sciences Corporation, and Mesa Laboratories Inc.

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Pramod Kumar

2 months ago

What are the End Users Included in the Operating Room Integration Market?

Operating Room
Integration
Market

Granular Analysis

Biggest growth drivers
for the market and their
impact on the market forecast

 

Market Overview @

Operating Room Integration Market Growth Prospects, 2022-2030

The operating room integration market was valued at $1,345.9 million in 2021, and it is expected to advance at a CAGR of 11.1% during 2021–2030.

https://www.psmarketresearch.com/market-analysis/operating-room-integration-market

The valuation of the operating room integration market was $1,345.9 million in 2021, which is predicted to propel at a CAGR of 11.1% and reach $3,464.7 million by the end of this decade. In recent years, major players in the market have made a conscious effort to offer better integration solutions for ORs. For instance, Hill-Rom launched Helion Integrated Surgical System in July 2021, which aids surgical teams in communicating throughout a procedure.

Factors that play a major role in the growth of the market are the expanding volume of minimally invasive surgeries (MIS), rising crowding concerns in ORs, and technological developments in OR infrastructure, primarily due to the surging funding. MISs have been becoming popular due to various reasons, such as early recovery, brief hospitalization period, relatively small incisions, and affordability.

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Pramod Kumar

2 months ago

How Much is the Healthcare Supply Chain Management Market Worth?

Healthcare Supply Chain Management Market TN

L/
®s, Healthcaere

GROWTH Y
DRIVER i | > 359, 8 Product Manufactures

  
  
 
 
 
  

8 Revenue Share
in 2021

* Adoption of GS1 Standards

o Pressure of cost reduction in the North America Held Around MARKET
ACER RE 40% Revenue Share in 2021 PLAYERS

Market Growth MARKET SIZE
Will Accelerate at a
I CAGR (2021-2030) I 2021 $2,090.5 Mn
1 | IOWA (ETE REVUE PY

The healthcare supply chain management market was valued at $2,090.5 million in 2021, and it is expected to reach $4,999.3 million at a 10.2% CAGR between 2021 and 2030. The rising need for cost reduction in the healthcare industry, adoption of GS1 standards, and increasing investments by healthcare providers and related product manufacturers in SCM solutions are some of the key drivers for the market.

Report Description:

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Healthcare Supply Chain Management Market Outlook, 2022-2030

The healthcare supply chain management market was valued at an estimated $2,090.5 million in 2021, and it is expected to advance at a CAGR of 10.2% during 2021–2030

https://www.psmarketresearch.com/market-analysis/healthcare-supply-chain-management-scm-market

Key Findings of Healthcare Supply Chain Management Market Report

•             The largest share was with the North American healthcare supply chain management market because the U.S. is the largest global employer in the healthcare sector with more than 780,000 companies. 

•             The software and services category is expected to grow at a CAGR of more than 10% in the coming years. The major factors responsible for the growing demand for these offerings are the frequent product introductions, rising need for greater access to business intelligence data, to express strategies, ease of product tracking through these solutions, and adoption of initiatives to reduce paper usage.

•             The sales growth of cloud-based management systems will be of around 12% during the forecast period. Cloud-based solutions are preferred owing to their scalability through the SaaS model, ease of sharing information, and low maintenance and installation costs.

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Pramod Kumar

2 months ago

How is Rising Prevalence of Diabetes Driving Hong Kong Wound Care Market?

2030
$80.7
million

 

Hong Kong
Wound
Care Market

CAGR

ERY)

(2020-2030)

The key factors leading to the growth of the market are the increasing incidence of traumatic injuries, surging prevalence of diabetes, and rising geriatric population. The market is bifurcated into traditional an advanced, on the basis of type. 

Between these two, the advanced bifurcation held the larger revenue share of the market in 2019, as advanced wound care products aid in accelerating the wound healing process and further provide patients with convenience. In addition to this, these wound care products have the advantage of forming part of the natural tissue matrix. The increasing prevalence of chronic diseases across the globe is also driving the demand for advanced wound care products. The bifurcation is further divided into wound therapy devices, wound dressings, and wound care biologics. 

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Hong Kong Wound Care Market | Revenue Estimation by 2030

The Hong Kong wound care market size was $46.0 million in 2019, and it is further expected to grow at a CAGR of 5.4% during the forecast period (2020–2030). Key trends observed in the Hong Kong wound care industry is the shift in preference from traditional products to advanced therapies.

https://www.psmarketresearch.com/market-analysis/hong-kong-wound-care-market/report-sample

In terms of application, the Hong Kong wound care market is categorized into acute wounds an chronic wounds, between which, the chronic wound category held the major share of the market in 2019. The category is further projected to grow at a faster pace during the forecast period, owing to the surging incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers. Chronic wounds need frequent and more-efficient dressing for their management, which is leading to the growth of the market. 

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Pramod Kumar

2 months ago

What are Reasons Behind Growing Demand for Medical Equipment Maintenance Services in U.S.?

U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET
Market Size in 2019
B USD 8,262.2
2 Million

Market Size in 2030 CAGR
@® USD 21,358.3 9.2%

Million (2020-2030)

 

Texas Texas
Largest Market By Fastest-Growing Market
Region (2020) By Region (2020-2030) PRESCIENT& STRATE

 

The proper maintenance of medical devices helps in preventing infections that are commonly caused during surgical procedures. Furthermore, several reputed healthcare organizations in the U.S. are increasingly implementing stringent measures for improving hygiene and cleanliness in healthcare facilities in order to prevent infections. Additionally, the adoption of a strict regulatory framework that mandates the maintenance of medical devices is further propelling the requirement of medical maintenance systems and services in the country.

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U.S. Medical Equipment Maintenance Market Share Analysis, 2030

The U.S. medical equipment maintenance market size was $8,262.2 million in 2019, and it is expected to progress at a CAGR of 9.2% during 2020–2030. Key drivers observed in the U.S. medical equipment maintenance industry is advancements in medical device industry.

https://www.psmarketresearch.com/market-analysis/u-s-medical-equipment-maintenance-market/report-sample

Independent service organizations (ISOs), in-house maintenance, and original equipment manufacturers (OEMs) are the major medical instruments maintenance service providers in the U.S. Out of these, “the OEMs provided the highest maintenance services of healthcare devices in the past". This is credited to the provision of reliable, better, and timely services by the OEMs in comparison to the other maintenance service providers. There are mainly two types of OEMs providing maintenance services— single-vendor and multi-vendor OEMs. Between these, the provision of maintenance services will increase rapidly by multi-vendor OEMs in the country in future.

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Pramod Kumar

2 months ago

Rising Radiological Imaging Volume Helping Advanced Visualization Market Grow

According to the World Health Organization (WHO), every year, 17.9 million human deaths are caused by cardiovascular diseases and 9.6 million by cancer. Moreover, as per the Centers for Disease Control and Prevention (CDC), six in every 10 U.S. citizens have at least one chronic disease, while four in every 10 have at least two. 

oi @ Ee

    
  

    

 

ADV

ANC
VISUALIZATION SE
MARKET

Medical imaging has proven to be an extremely useful tool in diagnosing these and a lot of other diseases and disorders, which is why the volume of X-ray, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and positron emission tomography (PET) scans is rising around the globe. With these technologies, doctors get a good look at tissues, bones, muscles, organs, blood vessels, glands, and lymph nodes. 

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Advanced Visualization Market Size and Growth Analysis, 2030

The global advanced visualization market is expected to reach $3,843.8 million by 2023, growing at a CAGR of 11.3% during 2017–2023.

https://www.psmarketresearch.com/market-analysis/advanced-visualization-market/report-sample

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Pramod Kumar

3 months ago

What is Major Factors Driving Growth of U.S. Beauty Devices Market?

Cadel U.S. BEAUTY DEVICES
Ih, MARKET
PE D4

(fy Maret Size in 2020

| Gb) USD 17.623.1 Million
A A Lo Market Size in 2030

BP USD 99,468.0 Million

€D CAGR 19.6% (2021-2030)

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U.S. Beauty Devices Market Size| Industry Outlook, 2030

The U.S. beauty devices market generated around $17,623.1 million revenue in 2020, and it is expected to grow at a CAGR of 19.6% during 2021–2030 according to P&S Intelligence.

https://www.psmarketresearch.com/market-analysis/us-beauty-devices-market

The U.S. beauty devices market reached a value of $17,623.1 million in 2020, and it is predicted to progress at a CAGR of 19.6% from 2021 to 2030 (forecast period). Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will generate a revenue of $99,468.0 million by 2030. The major factors driving the market are the increasing number of product approvals and launches, surging population of geriatric people, early adoption of various advanced technologies, and rising disposable income of people in the country. 

As per the U.S. Bureau of Labor Statistics, the personal disposable income of people in the U.S. rose from $10,036.9 billion in 2006 to $13,968.6 billion in 2016 and it is expected to surge to $21,178.2 billion by 2026. Due to the sharp rise in their disposable income, people are now able to buy beauty devices. Moreover, as per the American Academy of Dermatology (AAD), in the U.S., the acne treatment and prevention sector surpasses $3.0 billion every year. Additionally, the growing prevalence of aches and other conditions is also boosting the demand for beauty devices in the country. 

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Pramod Kumar

3 months ago

Non-Surgical Skin Tightening Market Revenue Will Be $2,059.7 Million by 2030

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! % Radiofrequenc GROWTH
* q Y GRC
pealkeSizelic202) ~35%9 Devices Revenue DRIVERS
—

 

.
$1,140.6 Mn # Share in 2021
Market Size for 2030 «© Ropid technological advancements
Female Consumer Group + Growing focus on skin apperance
$2,059.7 Mn Category will Grow with Around mang the 25-65 age group
7% CAGR
Market Growth Will 35-65 age group dominated Sisram Medical Lid. | Cutera Inc. |
Accelerate ot a CAGR the market with revenue of around ~~ Bausch Health Companies Inc. |
Merz Pharma GmbH & Co. KGaA |

(2021-2030)
Jl $900 Af] Cynosure LLC | Lumens Be Lid
CRM Mn puis

Due to its multiple applications, radiofrequency technology
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Non-Surgical Skin Tightening Market Demand Forecast to 2030

The non-surgical skin tightening market size was $1,140.6 million in 2021, and it is set to grow with a CAGR of 6.8% during 2021–2030. North American region seized the largest market share in past.

https://www.psmarketresearch.com/market-analysis/non-surgical-skin-tightening-market/report-sample?utm_source=bebee.com&utm_medium=pramod

The non-surgical skin tightening market size is expected to reach $2,059.7 million by 2030 from $1,140.6 million in 2021, at a 6.8% CAGR. In recent years, the increasing acceptance of aesthetic procedures among people has been pushing the market size. Therefore, companies offering these solutions have been vastly involved in product launches and in achieving regulatory approvals. Major companies in the market include Merz Pharma GmbH & Co KGaA, Cutera Inc., Bausch Health Companies Inc., Sisram Medical Ltd., Lumenis Be Ltd., and Cynosure.

As noticeable, more women prefer this technique than men, with men also considering it for appearance enhancement. For instance, in 2020, 10.4 million non-surgical procedures, which were 92% of the total, were performed on females, as per the Plastic Surgery Statistics Report. In addition, the highly developed healthcare facilities and advanced technology are lifting the market size. 

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Pramod Kumar

3 months ago

How Increasing Awareness on Skincare Propels Bio-Based Cosmetics and Personal Care Ingredients Market?

5 ) a PRESCIENT & STRATEGIC
Bio-Based Cosmetics and Personal Care Ingredients Market INTE: LICENCE

® North America
~45% g Revenue Share
oF in 2021
»'

 
 
 
  
  
 
 
 

* Grow

CRETE) rs . Vitamin and Derivatives Active
i Ingredient Category will Grow
with More Than 5% CAGR

 

Market Growth MARKET SIZE

Will Accelerate at a

I I | CAGR (2021-2030) I 2021  $4,550.6 Mn

(EE ERS

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Benign Prostatic Hyperplasia (BPH) Procedures - Market Report, 2023

Benign Prostatic Hyperplasia (BPH) Procedures - Research report published by P&S, covers surgical procedures, laser bases procedures, energy based procedures.

https://www.psmarketresearch.com/market-analysis/benign-prostatic-hyperplasia-procedures/report-sample?utm_source=Beebe.com&utm_medium=pramod



The total size of the global bio-based cosmetics and personal care ingredients market was around $4,550.6 million in 2021. The market is projected to propel at a CAGR of 5.3% during the projected period and reach $7,271.7 million in 2030. The development of the cosmetic industry and the cognizance of people toward the harmful effects of synthetic chemicals are some of the factors that play a crucial role in the growth of the market.

The revenue generated by the use of bio-based ingredients in skin and sun care products amounted to approximately $2 billion in 2021. The share of these ingredients was the largest in the bio-based cosmetics and personal care ingredients market, and this trend will also continue in the coming years. The main reasons for this will be the increasing consumer awareness regarding skincare and the inclination of the chemical companies toward producing cosmetics using bio-based ingredients.
 

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Pramod Kumar

4 months ago

What are Reasons behind Growth of Cell-Based Assays Market?

Cell-based assays are commonly used analytical tools to measure the cell proliferation, viability, cytotoxicity, production and screening of compounds. Owing to the rise in cases of chronic disorders and increasing inclination of the government organizations and private firms funding in the health sector, there has been a consistent high demand of new therapeutic drug discovery. In this regard, the cell-based assays have advantage over the conventional animal based models for drug discovery. Cell-based assays utilizes live cell models to investigate the cellular mechanism when exposed to external stimuli and provide precise information about the intracellular molecular targets required in drug discovery screening.

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Cell-Based Assays Market Share and Forecast to, 2030

The global cell-based assays market is categorised into drug discovery, research studies, Absorption, Distribution, Metabolism, Excretion (ADME) analysis, predictive toxicology, and other applications.

https://www.psmarketresearch.com/market-analysis/cell-based-assays-market/report-sample

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Pramod Kumar

4 months ago

Huge Growth Expected in Autologous Stem Cell and Non-Stem Cell Based Therapy Market in Future

AUTOLOGOUS STEM CELLANDNON ~~ ===
STEM CELL BASED THERAPY MARKET /”.....»

The global autologous stem cell and non-stem cell based therapy market is growing significantly due to high incidences of cancer and cardiovascular diseases, and presence of large number of patients requiring transplantation. The lack of service providers in the autologous stem cell market, and the massive unexplored autologous stem cell and non-stem cell based therapy market in the emerging economies, are creating ample growth opportunities for the global autologous stem cell and non-stem cell based therapy market. The advanced research and development activities and new product developments by the major players are supporting the demand for cost effective and efficient autologous stem cell and non-stem cell based therapy platforms.

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Autologous Stem Cell and Non-Stem Cell Based Therapy Market Insights, 2030

North America leads the global autologous stem cell and non-stem cell based therapy market, due to technological advancements, increased research and development activities, very few risk associated with autologous cellular therapies

https://www.psmarketresearch.com/market-analysis/autologous-stem-cell-and-non-stem-cell-based-therapy-market/report-sample?utm_source=xing&utm_medium=Pramod

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Pramod Kumar

4 months ago

How is Booming Life Sciences Sector Contributing to Growth of Cell Analysis Market?

CELL ANALYSIS
MARKET

The global cell analysis market is growing significantly due to increasing prevalence of chronic and infectious diseases, increasing research and development activities and technological advancements in cell analysis techniques. 

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Cell Analysis Market Insight and Demand In-Depth Analysis, 2030

North America will be leading the global cell analysis market in the coming years due to high prevalence of cancer, high research and development activities, and technological advancements in cell analysis systems.

https://www.psmarketresearch.com/market-analysis/cell-analysis-market/report-sample

 

In addition, increasing usage of cell analysis in various applications, such as target identification and validation, cell identification and viability, and single cell analysis is also supporting the growth of the global cell analysis market. Large unexplored cell analysis market in emerging economies and increasing contract research outsourcing in healthcare are creating ample opportunities for the global cell analysis market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are propelling the demand for cost effective and efficient cell analysis imaging systems.

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Pramod Kumar

4 months ago

How is Rising Geriatric Population Driving LATAM Orthopedic Garments, Soft Goods & Braces Market?

Latin America
(LATAM)
Orthopedic
Garments,
Soft Goods & Braces
Market

  
 

+ Segmentation analysis
+ Geographical breakdown

+ Biggest trends and opportunities

Where know edge ipmes ovegy

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Latin America Orthopedic Garments, Soft Goods and Braces Market @  

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Latin America Orthopedic Garments, Soft Goods and Braces Market

The Latin America orthopedic garments, soft goods and braces market in Latin America generated $223.1 million revenue in 2019, which is expected to grow at a CAGR of 5.2% during 2020–2030. A key trend observed in the Latin America orthopedic garments, soft goods and braces industry is advancements in the orthopedic products.

https://www.psmarketresearch.com/market-analysis/latin-america-orthopedic-garments-soft-goods-and-braces-market/report-sample?utm_source=bebee.com&utm_medium=pramod

The Latin American (LATAM) orthopedic garments market is projected to reach a value of $376.3 million in 2030, increasing from $223.1 million in 2019, progressing at a 5.2% CAGR during the 2020–2030. The market is growing due to the rising burden of orthopedic diseases, presence of major physiotherapists in the region, easy product availability and affordability, and increasing geriatric population. The LATAM orthopedic soft goods & braces market reached $177.4 million in 2019, and is projected to register 4.9% CAGR during the forecast period. 

Considering the geographical scenario, Brail accounted for the largest share of the LATAM orthopedic garments market during the historical period (2014–2019). The country is further expected to register the highest CAGR during the forecast period, owing to the presence major players and increasing prevalence orthopedic diseases. The rising awareness regarding the preventive orthopedic care is also predicted to result in the rising demand for orthopedic garments in the country in the coming years. 

A key factor leading to the growth of the LATAM orthopedic soft goods & braces market is the surging geriatric population in the region. According to the United Nations Department of Economic and Social Affairs, the proportion of people aged 65 years or above in Brazil was 9.3% in 2019, which is expected to rise to 13.6% by 2030. This increasing number of aged people are leading to high prevalence of orthopedic garments, and are, in turn, driving the growth of the market. 

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Pramod Kumar

4 months ago

Why is Laboratory Information System Market Expected to Surge in U.S. Fastest?

Laboratory
Information
System
Market

+ Segmentation analysis

   

+ Geographical breakdown
+ Biggest trends and opportunities

The global laboratory information system (LIS) market is predicted to demonstrate huge expansion in the coming years. The ballooning requirement for integrated information systems and devices in the healthcare industry, huge investments being made in technology by healthcare firms, and the increasing number of government initiatives being launched in several countries around the world are the major factors fueling the progress of the market. These initiatives are aimed at promoting the usage of advanced healthcare technologies. 

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Laboratory Information System Market | Revenue Forecast, 2030

The global laboratory information system (LIS) market is expected to showcase a CAGR of 6.5% during the forecast period. Need for advanced healthcare information systems is a key trend observed in the LIS industry, globally.

https://www.psmarketresearch.com/market-analysis/laboratory-information-system/report-sample?utm_source=Gab&utm_medium=pramod

Geographically, the North American laboratory information system market is currently the most lucrative one and is predicted to exhibit huge expansion in the future. The main factors causing the boom of the market are the rising incidence of chronic diseases and the growing requirement for advanced treatment and diagnostic technologies in the region. In North America, the U.S. will dominate the market in the coming years, as per the estimates of P&S Intelligence, a market research firm based in India. 

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Pramod Kumar

5 months ago

Expanding Geriatric Patient Pool Propelling Wheelchair Market Growth

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ee

i CAGR
Wheelchair ei 2

(2021-2025)

      
 
    

   

$7.8185
billion

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North America lS
& Largest Market ition
By Region (2020)
APAC
Fastest-Growing Mar ket
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One of the key growth drivers of the wheelchair market is the mounting number of geriatric patients. According to the United Nations’ World Population Ageing 2019 report, the population of individuals aged 65 years or above will reach 1.5 billion, by 2050. As geriatric people have weak immune systems, they are highly prone to chronic diseases. Due to this reason, old people usually suffer from some kind of disability. Owing to these disabilities, the geriatric population is generating a high demand for wheelchairs across the world.   

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Wheelchair Market Trends | Industry Outlook, 2025

The global wheelchair market stood at $5,386.0 million in 2020, and it is expected to grow at a CAGR of 7.9% during 2021–2025

https://www.psmarketresearch.com/market-analysis/wheelchair-market-outlook/report-sample

In recent years, rising technological advancements has become a prominent trend in the wheelchair market. The market players are constantly focusing on technological developments to manufacture convenient wheelchairs for patients. For example, in March 2020, Invacare Corporation launched Invacare AVIVA FX, a new range of powered wheelchairs. This wheelchair is equipped with technologically improved front-wheel power mobility with an open stack design. The tires, wheels and hubs, motors, and gearboxes of these wheelchairs can be easily removed. Some of the market players are also manufacturing powered wheelchairs for rugby, tennis, and basketball players. 

At present, the wheelchair market is fragmented due to the presence of numerous small- and medium-scale players and very few large-scale players. Some of the prominent players in the market include Etac AB, Invacare Corporation, Ottobock SE & Co. KGaA, Pride Mobility Products Corporation, Yuwell-Jiangsu Yuyue medical equipment & supply Co. Ltd., Sunrise Medical (US) LLC, Ki Mobility, MEYRA GmbH, MATSUNAGA MANUFACTORY Co. Ltd., Medline Industries Inc., Hoveround Corporation, and Permobil AB. 

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Pramod Kumar

5 months ago

Why are Wound Care Products Needed during Surgical Procedures?

Wound

Care Market
Granular Analysis

Biggest growth drivers

for the market and their

impact on the market forecast
INTELLIGENCE

Where kromiedge mages rote

The number of surgeries being performed across the globe has been rising at a swift pace. This can be primarily attributed to the surging prevalence of lifestyle-related and chronic diseases. Chronic diseases often lead to complications that cannot be taken care of just by using medication. In such cases, the patient needs to go through a surgical procedure in order to manage the condition. It is because of the increasing number of surgeries that the demand for wound care products is growing. 

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Wound Care Market Size | Forecast Report, 2030

The global wound care market generated $20,368.2 million revenue in 2020, and it is expected to grow at a CAGR of 5.5% during 2021–2030.

https://www.psmarketresearch.com/market-analysis/wound-care-market/report-sample

 

During a surgical procedure, incisions are made on the body, which then lead to the formation of wound. Wound care products are used during and after surgical procedures for facilitating quick recovery and preventing infections. Other than surgical procedures, the increasing nuber of accidents are also driving the requirement for wound care products. 

Wound closure, traditional, and advanced are the major types of wound care products, out of which, the demand for advanced wound care products has been the highest up till now. These products accelerate the healing process, and are especially ideal for severe wounds. Advanced wound care products further provide flexibility and comfort, thereby allowing free movement of the body. Owing to such properties, the demand for these products is expected to be the highest in the coming years as well. 

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Pramod Kumar

5 months ago

Why Are Pharmaceutical Firms Using Active Pharmaceutical Ingredients in Abundance?

Deep Insights into
Active
Pharmaceutical
Ingredient Market

Competitive landscape & strategic developments «
Historical and forecast market data «
Detailed segmentation & geographical analysis «

   

PRESCIENT & STRATEGIC
TELLIGENCE

According to the World Health Organization (WHO), ‘active pharmaceutical ingredient (API)’ refers to any substance or a blend of substances that is used in finished pharmaceutical products. These substances intend to furnish pharmacological activity in products used to diagnose, cure, mitigate, prevent, or treat diseases and items that have a direct effect in modifying, correcting, and restoring physiological functions in human beings. According to the U.S. Food and Drug Administration (USFDA), major steps or operations in an API production process include multi-step fermentation and chemical synthesis, testing, purification, labeling, drying, crystallization, packing, and milling.

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Active Pharmaceutical Ingredient Market Outlook Report, 2030

The global market for API generated $184,311.2 million revenue in 2020 and it is expected to grow at a CAGR of 6.9% during 2021–2030.

https://www.psmarketresearch.com/market-analysis/active-pharmaceutical-ingredient-api-market/report-sample

To meet the escalating need for drugs, pharmaceutical companies use generic APIs and innovative APIs. In recent years, innovative APIs have been used in larger quantities due to the rising drug research and development (R&D) activities by API companies, surging number of favorable government regulations, and soaring number of new and effective medicines. These APIs are produced by companies such as Pfizer Inc., Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Novartis International AG, Mylan N.V., Merck & Co. Inc., Sanofi S.A., AstraZeneca plc., and Boehringer Ingelheim International GmbH. 

Nowadays, companies operating in the active pharmaceutical ingredient market are focusing on product launches to gain a competitive edge. For instance, in October 2019, Amneal Pharmaceuticals Inc. introduced a generic version of Invega extended-release tablets in four dosages: 9 mg, 6 mg, 3 mg, and 1.5 mg. Similarly, in June 2021, Bajaj Healthcare Ltd. launched Ivejaj, an anti-parasitic drug, which can be used to treat COVID infection. The company developed this formulation and API for Ivermectin through its in-house R&D team.

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Pramod Kumar

7 months ago

North American Patient Engagement Solutions Market to Register 15.8% CAGR during 2018–2023

The healthcare industry is increasingly trying to come up with advanced solutions which can help the patients in a better way. A major advancement that has occurred in the industry is the introduction of mHealth. Because of the increased penetration of internet and smartphones across the globe, including North America, the adoption of mHealth has also risen significantly. According to the World Health Organization, medical and public health practice that is supported by mobile devices is referred to as mHealth. Owing to the rising prevalence of diseases, hospitals and other medical facilities are focusing on utilizing mHealth for improving patient outcomes .

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North America Patient Engagement Solutions Market Size and Forecast to 2023

The Patient engagement solutions market in North America is projected to generate $9.4 billion revenue by 2023, witnessing a CAGR of 15.8% during the forecast period (2018–2023).

https://www.psmarketresearch.com/market-analysis/north-america-patient-engagement-solutions-market

 
RECENT & STATIC
INTELLIGENCE
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NORTH AMERICA p—
PATIENT ENGAGEMENT
SOLUTIONS MARKET

Software, services, and hardware are included under patient engagement solutions. The requirement for patient engagement software was the highest in the past, which can be ascribed to the growing prevalence of chronic diseases, presence of a large number of companies offering solutions in the region, and increasing government initiatives for supporting the adoption of these solutions. Other than this, the demand for patient engagement services is also projected to increase in the near future in the region. 

All these solutions are delivered through cloud-based, web-based, and on-premises modes. The demand for web-based delivery of patient engagement solutions was highest in the past, which is due to the fact that web-based delivery can be accessed both offline and online. This being said, the demand for cloud-based delivery is also predicted to rise in the years to come. This is because of the scalability, flexibility, and affordability of cloud-based solutions in different healthcare settings. The growing adoption of cloud-based deployment of solutions is also expected to result in the growth of North American patient engagement solutions market in the coming years. 

The different applications of patient engagement solutions are financial health management, health management, social and behavior management, and home health management. Majorly, patient engagement solutions in North America were used for health management in the past. This is attributed to the surging geriatric population and rising prevalence of chronic diseases in the region. Within the region, the U.S. made the most use of patient engagement solutions, which is because of the developed public and private medical reimbursement structure and advanced healthcare infrastructure in the country. 

Hence, the demand for patient engagement solutions in North America is rising due to the growing usage of mHealth and increasing geriatric population. 

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Pramod Kumar

7 months ago

Increasing Drug Consumption Fueling Demand for At-Home Drug of Abuse Testing Kits

With the growing consumption of illicit drugs, the demand for at-home drug of abuse (DOA) testing is rising sharply across the world. Moreover, the increasing trade and production of illicit drugs is also propelling the worldwide requirement for at-home DOA testing kits. As per the United Nations Office on Drugs and Crime (UNODC), opium production in Afghanistan surged by 87% from 2016 to 2017 and reached 9,000 metric tons in 2017. Furthermore, the area under opium poppy cultivation also soared to 328,000 hectares in 2017 from 201,000 hectares in 2016, registering an increment of 63% during this period.

Get Deep Analysis With Revenue Estimation At-Home Drug of Abuse (DOA) Testing Market Research Report @

At-Home DOA Testing Market Size, Share | Industry Report, 2023

Global at-home DOA testing market generated $483.6 million revenue in 2017 and is predicted to progress at a CAGR of 9.6% during 2018–2023. Growing illicit drugs use amongst teenagers

https://www.psmarketresearch.com/market-analysis/at-home-doa-testing-market

AT-HOME
DRUG OF ABUSE
(DOA) TESTING
MARKET

Pressure from friends and school, low self-esteem, and disturbed family life are the major reasons behind the increasing consumption of illicit drugs by teenagers. Thus, in order to detect and subsequently reduce drug consumption, the demand for at-home DOA testing products is rising sharply, which is causing the expansion of the global at-home DOA testing market. According to the estimates of the market research company, P&S Intelligence, the value of the market will grow from $483.6 million in 2017 to $831.9 million by 2023.

Test strips, test cups, and test dip cards are the most commonly used types of rapid DOA test kits. Out of these, the demand for test cups is predicted to surge rapidly in the forthcoming years. These cups are extensively used in urine drug testing procedures at homes. Geographically, the sales of at-home DOA testing kits are expected to soar in the Asia-Pacific (APAC) region in the forthcoming years, primarily because of the growing consumption and production of illicit drugs, such as methamphetamines, amphetamine-type stimulants (ATS), heroin, and opium, in the region.

Hence, the demand for at-home DOA testing kits will shoot up all over the world in the coming years, primarily because of the growing consumption, trade, and production of illicit drugs and alcohol and the rising requirement for drug testing kits which can be easily used at homes. 

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Pramod Kumar

7 months ago

Why is Next-Generation Antibody Therapeutics Market Expected to Surge in North America in Future?

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Next-Generation Antibody Therapeutics Market | Industry Research Report

Global next-generation antibody therapeutics market is expected to generate revenue of $11.9 billion by 2020, progressing at a CAGR of 44.0% during the forecast period.

https://www.psmarketresearch.com/market-analysis/next-generation-antibody-market?utm_source=xing&utm_medium=Pramod

The increasing number of technological developments in the healthcare industry is one of the major factors fuelling the surge in the demand for next-generation antibody therapeutics solutions throughout the globe. For instance, there have been major developments in the healthcare technologies over the last few years such as the development of bispecific antibodies (BsAbs), ADC technologies, and glycoengineered antibody. These advancements have significantly increased the application area of the antibody therapeutics. The other major factor propelling the demand for next-generation antibody therapeutics solutions is the increasing prevalence of chronic diseases across the world.

NEXT-GENERATION ANTIBODY
THERAPEUTICS MARKET

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ADCs are widely considered to be much safer and effective than the conventionally used antibodies for cancer treatment as these are made by combining a biologically active cytotoxic drug and a monoclonal antibody for targeting the tumor cells. This also plays a major role in overcoming the challenges occurring because of the limited utilization of the monoclonal antibody therapeutics. Due to these factors, the global next-generation antibody therapeutics market is expected to exhibit huge growth in the coming years. 

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