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The global medical device analytical testing outsourcing market was valued at USD 2.7 billion in 2015 and is expected to grow with CAGR of 11.6% over the forecast period. Complexity in product design, intensifying competition, increase in the number of small size medical devices manufacturers, and strict approval norms are the key factors driving market growth. The regulatory authorities also perform routine post-market surveillance by levying a fee from the manufacturer. Read More »
The global pharmaceutical analytical testing outsourcing market size was valued at USD 4.4 billion in 2015 and is expected to grow with CAGR of 8.1% over the forecast period. Innovation in pharmaceutical industry, increasing focus on regulation, safety & quality, rising number of end-users, and pricing benefits of outsourcing are vital drivers for the lucrative growth of the market. Increasing R&D investments is one of the critical sustainability strategies. Read More »
The global contact lenses market is expected to reach USD 14.72 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance of contact lens in sports a... Read More »
The global IoT in retail market is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the... Read More »