Emergence of personalized medicine, drug device combination, artificial intelligence, wearables and increased focus on real-time patient monitoring resulted in complex medical devices ecosystem. Real-time patient monitoring, remote patient monitoring, and continuous patient monitoring are the focal areas of interest when it comes to chronic disease management, such as diabetes and cardiovascular diseases.
Pharmaceutical analytical testing outsourcing services market is driven by innovation in pharmaceutical industry, increasing focus on regulatory, safety & quality, end-user volume, and pricing. Various categories of tests which are outsourced include bioanalytical tests, method development & validation, and stability testing.
With advances in the technology, there has been growing integration of information technology (IT) with the healthcare sector. There has been a wide acceptance of Electronic Medical Records (EMRs) and Electronic Health Records (EHR) due to promising government policies and initiatives across the globe along with growing focus on patient safety and minimizing of medical costs.
Orthobiologics includes products that are made of substances that are naturally developed in out body. These are incorporated by orthopedic surgeons for bone and tissue repair. These are increasingly being utilized to treat broken bones and injured ligaments, tendons, and muscles.
Next generation sequencing (NGS), in the last few years, has been recognized as one of the most significant technological advancements in biological research with crucial applications in medical diagnostics. Emergence of this technology along with its plummeting costs has enabled high throughput sequencing in yielding greater productive efficiency and expediting diagnostic outcomes.
Globally, increasing number of coronary and peripheral interventions coupled with the rising adoption of newer products is likely to boost the angioplasty balloons market during the forecast period.
Botulinum toxin (BNT) is a widely used neurotoxin used for the enhancement of aesthetic appearance. It works by paralyzing muscles in a controlled fashion. Hence, it involves minimal risks compared to other facial injectable. It is commonly used for treating frown lines, glabellar lines, and crow’s feet line.
A brain tumor is a mass of tissue that is formed by a growth or accumulation of abnormal cells within or closer to the brain. According to the WHO, there are 120 different types of brain tumors depending on the site of occurrence.
Mammography is a specific type of imaging utilizing low dose x-rays for early detection of the breast cancer. A mammography exam also known as a mammogram plays a vital role in the diagnosis of breast diseases in women as it detects changes in the breast upto two years prior to the realization of the physician or the patient.
Sepsis is a bloodstream & infectious disease that occurs as a result of presence of pathogenic microorganisms in the blood. According to the National Center for Biotechnology Information (NCBI), the number of patients suffering from sepsis rose from 200,535 in 2007 to 279,530 in 2013.
Rise in geriatric population and increasing incidence of Age-related Macular Degeneration (AMD), Diabetic Retinopathy (DR), and glaucoma across the globe are anticipated to boost the market during the forecast period. Furthermore, advancements in fundus cameras and commercialization of products are likely to drive the market in the coming years. In December 2016, Epipole Ltd. launched epiCam C, a color hand-held fundus camera, in UK.
Accurate measurement and monitoring of Intracranial Pressure (ICP) is essential for neurological patients in order to prevent ischemic and mechanical injury to the nervous system. Approximately, two-third of the population with severe head injury suffers from intracranial hypertension. In addition, men had higher death rates due to traumatic brain injury as compared to women.
Rising demand for reduction in hospital stay has led to the development of technology to perform infusion therapy at home or in alternate healthcare settings, thereby boosting the growth of this market in the near future. Home infusion is gradually being considered as an excellent alternative for the patients suffering from chronic diseases as compared to an extended hospital stay or admission in a nursing home.
The Cardiac Resynchronization Therapy (CRT) market has been in existence since 2001 when the first device was introduced in August by Medtronic Plc.
Clinical laboratory tests form an integral part of the healthcare industry, as approximately 80% of diagnoses by healthcare professionals are laboratory-based. The shortened length-of-stay at hospitals and reduced contact between a patient and the concerned physician has increased the demand of clinical laboratories.
Drug discovery and development is an integral sustainability strategy adopted by pharmaceutical manufacturers. Growing prevalence of chronic and long-term diseases has heightened the need for new drug development via extensive R&D investments.
Cardiac pacemaker is a medical device, which controls the functioning of the heart using electrical impulses that artificially contract the heart muscles. A block in the heart’s electrical conduction system may result in failure of the natural pacemaker in the heart.
Akin to other industries, healthcare too is going digital. Actually; data analytics, software-based technology, cloud computing, and IoT (Internet of Things) are set to transform ‘life sciences’ like never before
Biosimilars are medical biologics that are identical to original products. They are basically ‘complex’ and ‘large-molecular-weight’ molecules made in living cells via genetic engineering. The global biosimilars market is predicted to experience noticeable expansion over the next few years.
The management of chronic ailments has become extremely convenient with telehealth facilities. Fixed & mobile ‘home units’ monitor temperature, blood pressure, etc. These parameters can be reviewed from a long distance.
With a generation obsessed with beauty & perfection, a gorgeous smile and sparkling teeth are the keys to holding people’s attention. Cosmetic dentistry has fulfilled this dream !
Cord blood is a rich source of stem cells that have ability to differentiate into a range of cell types. Stem cells with high proliferation capacity posses low risk of tumor formation and viral contamination. Thus, stem cells is rapidly becoming choice of treatment for the patients suffering from life threatening conditions such as cancer and blood, metabolic and immune system disorders.
Genomics is a branch of molecular biology that deals with the study of genes, chromosomes and their functions. It concerns with analysis and sequencing of individual’s genome for performing genetic mapping for disease diagnosis and treatment. Genomics involves the study of intragenomic processes such as heterosis, pleiotropy, epistasis and the interactions between loci and alleles within the genome. It includes comparative genomics, functional genomics, structural genomics, epigenomics and Pharmacogenomics. Dissection of architectural features of genes and chromosomes is referred to as structural genomics. Characterization of genes and their components encompasses functional genomics. Epigenomics is the study of complete set of epigenetic modifications which plays a vital role in gene regulation and expression. Comparative genomics is the study of evolutionary relationships between the genetic content of different species. Pharmacogenomics includes drug design ways and novel biological targets. Major applications of genomics include genomic anthropology, medicine, biotechnology and social sciences. Driving factors for genomics market include increasing prevalence of fetal diseases such cancer, diabetes and others, increasing approaches for novel genomics techniques and tools, growing geriatric population as ageing is considered as the greatest risk factor for the development of diseases such as cardiovascular and neurological diseases. Introduction of technological advancements such as next negation DNA sequencing, whole genome sequencing and bioinformatics is expected to drive the market at rapid pace.
In vitro diagnostics (IVD) is a type of medical test to help detect and diagnose diseases or infections and determine a course of treatment, under a controlled environment such as a laboratory. The global IVD market is expected to grow owing to increase in demand for non-invasive medical procedures and high prevalence of chronic and infectious diseases such as tuberculosis (TB), cardiovascular diseases, cancer and diabetes. The speed of results generated also play a significant role in selecting a diagnostic tool/technique. Rapid diagnostic tests such as cartridge based molecular technology helps deliver TB diagnosis results in less than two hours and thereby help in early detection, better control and limit the prevalence of a disease in a region or country.
The microscopes market has been witnessing considerable demand due to rise in funding in emerging applications such as nanotechnology. A major driver for this market includes research and development in the field of nanotechnology in order to commercialize it, since nanotechnology has a variety of niche applications. Additionally, microscopes are used in semiconductors, life sciences and material sciences. Drivers for the market include research and development for advanced microscopes used in life sciences and the growing semiconductor market in the Asian and Latin American regions.
Point of Care (POC) diagnostics are tests that are designed to be used near the patient site which do not require a dedicated permanent area and are conducted outside clinical spaces. The major drivers of this market include increased aging population, immediate test results and rising market penetration of EMR (Electronic Medical Records) and PACS (Picture Archiving and Communication Systems). Additionally, shortage of skilled staff at the diagnostics facilities is expected to aid POC market penetration and positioning. Out-care patient model which is an initiative taken by the governments to reduce stay in the hospitals along with homecare and other health care facilities are expected to help in promoting POC diagnostics. POC diagnostics have initiated a decentralized trend in the healthcare industry which facilitates patients to be catered at remote locations, get early diagnostics and reduce costs.
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