Pharmacogenomics Market Worth $5.8 Billion
A new report by MarketsandMarkets predicts strong growth ahead for the global pharmacogenomics market. The market was valued at $3.5 billion in 2023 and is expected to reach $5.8 billion by 2028, reflecting a compound annual growth rate (CAGR) of 10.6% during this period.
Pharmacogenomics refers to the study of how genes affect a person's response to drugs. This field combines pharmacology and genomics to develop more targeted and effective medications tailored to an individual's genetic...
Transfection Technologies Market Worth $1.8 Billion
A new report projects steady growth for the global transfection technologies market over the next several years. The market, valued at $1.2 billion in 2023, is anticipated to reach $1.8 billion by 2028, reflecting a compound annual growth rate (CAGR) of 9.4%.
Driving this growth is an uptick in spending on research and development by biotechnology companies seeking to bring cell and gene therapies to market. The rising incidence of diseases like cancer is creating strong demand for these...
Medical Lasers Market Worth $8.3 Billion
The global medical laser market is expected to reach $8.3 billion by 2028, representing an 11.5% compound annual growth rate (CAGR) over the next five years, according to a new report by MarketsandMarkets. Key factors driving this growth include an increase in non-surgical cosmetic procedures utilizing medical lasers and a shift towards minimally invasive medical devices.
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The rise of non-surgical treatments like laser therapy and microdermabrasion for cosmetic...
Medical Stick-to-Skin Adhesives Market Worth $3.7 Billion
The global medical stick-to-skin adhesives market is expected to reach $3.7 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.5% over the next six years, according to a new report published by MarketsandMarkets. Key factors driving this steady growth include the rising prevalence of chronic wounds and surgical procedures, an aging population, and the shift toward minimally invasive medical procedures and wearable devices.
Medical stick-to-skin adhesives provide secure skin...
Continuous Bioprocessing Market Worth $599 Million
The global continuous bioprocessing market is projected to grow at a rapid pace over the next several years, according to a new report from market research firm MarketsandMarkets. The market was valued at $218 million in 2023 and is expected to reach $599 million by 2028, reflecting a compound annual growth rate (CAGR) of 22.4%.
Continuous bioprocessing integrates the various steps involved in biopharmaceutical manufacturing into a single, streamlined process. This approach delivers...
Preparative and Process Chromatography Market Worth $15.6 Billion
The global preparative and process chromatography market is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2028, according to a new report by MarketsandMarkets. The market, valued at $11.3 billion in 2023, is projected to reach $15.6 billion by 2028.
The growth in this market is driven by factors like the increasing need for biosimilars, rising demand for insulin and monoclonal antibodies, and growing use of liquid chromatography-mass spectrometry (LCMS) in...
Hemostats Market Worth $3.7 Billion
According to a new report from MarketsandMarkets, the global hemostats market is expected to see healthy growth over the next five years. The market was valued at $2.7 billion in 2023 and is forecasted to reach $3.7 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.7%.
Several key factors are driving expansion in the hemostats sector. Firstly, there has been a rise in surgical procedures globally across areas like orthopedics, neurology and cardiovascular specialties....
Incontinence Care Products (ICP) Market worth $16.5 Billion
The global incontinence care products market is expected to reach $16.5 billion by 2028, exhibiting a CAGR of 5.6% over the next five years, according to a new report from MarketsandMarkets. Key factors driving this growth include the aging population and rising prevalence of chronic conditions leading to incontinence. However, the social stigma surrounding incontinence products could restrain market expansion to some degree.
Currently valued at around $12.6 billion, the incontinence...
Biotechnology Contract Manufacturing Market worth $24.8 Billion
The global biotechnology contract manufacturing market is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2028 to reach $24.8 billion by 2028, according to a new report from MarketsandMarkets. Key factors driving this growth include increasing outsourcing of biologics manufacturing to contract development and manufacturing organizations (CDMOs), rising demand for cell and gene therapies, and investments in production capacity expansions by contract...
Veterinary Telemedicine Market worth $1,230 Million
The global veterinary telemedicine market is poised for strong growth over the next several years, according a new report by market research firm MarketsandMarkets. The market, valued at $530 million in 2023, is expected to reach $1.23 billion by 2028, reflecting an impressive 18.3% compound annual growth rate (CAGR).
Several key factors are contributing to the rise of veterinary telemedicine, which enables remote delivery of veterinary care through digital communication technologies. Most...
Digital Dentistry Market worth $12.2 Billion
The global digital dentistry market is experiencing rapid expansion, according to a new report from marketsandmarkets. The market was valued at $7.2 billion in 2023 and is expected to reach $12.2 billion by 2028, reflecting a compound annual growth rate (CAGR) of 10.9% during that period.
The growth is being fueled by several key factors, including high return on investment from digital equipment and software, increased adoption of same-day dentistry, rising cost-effectiveness, and more...
Medical Radiation Shielding Market worth $1.8 Billion
The global medical radiation shielding market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2028, reaching $1.8 billion by the end of the forecast period, according to a new report by MarketsandMarkets.
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The increasing use of nuclear medicine and radiation therapy for the diagnosis and treatment of diseases like cancer is driving the adoption of medical radiation shielding products. With cancer cases projected to rise from 19.3...
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