Medical Devices Industry

  Medical Textiles Industry Overview The global  medical textiles market  size is expected to reach USD 26.21 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. The emergence of new areas of applications of medical textiles, along with the development of new fibers and manufacturing technologies for yarn and fabrics, is expected to bolster the market growth over the forecast period. Medical textile manufacturers are significantly investing in the research and development of new cost-effective methods to protect both the patients and hospital staff from viruses, bacteria, and body fluid invasions in operating room environments. This, in turn, is expected to positively influence the market growth over the forecast period. The COVID-19 outbreak in 2020 has exponentially increased the demand for medical textiles, especially nonwoven fabrics, which are used for the production of face masks, g...

  Tunisia Pharmaceutical Industry Overview The Tunisia pharmaceutical market size was estimated at USD 1.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2021 to 2028. The market is driven by the presence of various developed and integrated facilities that promote R&D, production of pharmaceuticals in the country. Tunisia’s healthcare system is one of the more advanced health systems in the Middle East and North Africa. With a large customer base, rising healthcare expenditures, and improving disposable incomes, Tunisia is an attractive market for pharma companies. The pharmaceutical industry in Tunisia mainly operates through joint ventures with international firms. These global companies invest significantly in local players to boost the R&D of pharmaceutical drug products. For instance, Sanofi has invested a major amount in local companies. Thus, the abovementioned factors are anticipated to positively impact market grow...

  Egypt Ride Hailing Service Industry Overview The Egypt ride hailing service market size was valued at USD 922.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.8% from 2021 to 2028. The increasing traffic congestion and the rising consumer preference for car-sharing services available at affordable rates and the desired comfort are the major factors driving the market growth. The growth is also attributed to the rising internet penetration and the use of smartphones to book rides. Ride-hailing services in Egypt have been hit hard by the COVID-19 pandemic. The service providers had the advantage of already operating several on-demand logistics services. Most companies allow their drivers to toggle between ride-hailing and on-demand delivery requests. That number now includes tens of thousands of new drivers who joined the platform to make up for lost earnings during the pandemic. In Egypt, the growing urbanization and persistently low vehi...

  Nasal Cannula Industry Overview The global nasal cannula market size was valued at USD 6.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The factor attributing extensively to the growth of the market is the rise in the prevalence of respiratory diseases worldwide. Chronic respiratory diseases accounted for one of the leading causes of morbidity with about 40% of chronic respiratory disease cases increased from 1990 to 2017, majorly due to asthma and COPD. The growth in the healthcare expenditure by most of the countries and government initiatives under the public healthcare system for affordable healthcare and awareness are expected to promote patient footfall. In addition, the lifestyle shift, rise in smoker’s percentage, climatic conditions, and the increasing air pollution contribute majorly towards the rise in respiratory diseases further resulting in the market growth of nasal cannula. Gather more insights abo...

  Remote Healthcare Industry Overview The global remote healthcare market size was valued at USD 6.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.0% from 2021 to 2028. The spread of the COVID-19 pandemic has increased the adoption of remote healthcare technologies by patients, payers, and providers. Many patients adopted real-time virtual health platforms to avoid visiting hospitals during the pandemic. Telehealth platforms offering real-time virtual health services such as American Well witnessed a 1000% increase in visits due to the pandemic. Moreover, telehealth claim lines increased by 4000% between March 2019 and March 2020 in the U.S. Increasing adoption of real-time virtual health services such as audio, video, and chatbox is estimated to drive the market growth potential. To reduce the burden on doctors and prevent COVID-19 spread, many healthcare facilities around the world are adopting tele-ICUs. For instance, in August 2020, a...

  Australia Glamping Industry Overview The Australia glamping market size was valued at USD 90.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.0% from 2021 to 2028. Glamping or glamorous camping has become a trend in outdoor recreation among tourists across the globe. At music festivals, glamping is offered as an upgrade option at a reasonable price, especially if it is going to be a multiday activity. The rising number of concerts and big music festivals in various parts of the world is expected to be one of the key driving factors for the market growth over the forecast period. Before the COVID-19 outbreak across the globe, the interest in camping among new and experienced campers was on the rise. However, in the unprecedented times of the COVID-19 pandemic travelers are maintaining distance from outdoor recreation, natural spaces, and in general people. Consequently, negative impacts on travelers and art enthusiasts continue to mount u...

  Spa Industry Overview The global spa market size was valued at USD 47.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2021 to 2028. The rise in hectic lifestyle in urban areas, growth in inbound and outbound tourism for the purpose of wellness, rising demand from emerging markets, and awareness are the factors propelling the market growth. The coronavirus (COVID -19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of spa industry professionals worldwide, 31% predicted that the number of spa visits decreased by more than 70% during the pandemic compared to the same period the previous year. Maintaining a physically and mentally healthy lifestyle is expected to increase spa therapies' demand. Moreover, changing lifestyles, rising disposable income, and increasing population are anti...

  U.S. Tissue Diagnostics Industry Overview The U.S. tissue diagnostics market size was valued at USD 2.07 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.91% from 2021 to 2028. The market is collectively driven by emerging solutions pertaining to digital tissue diagnostics, advancements in imaging techniques & increasing affordability of diagnostics, and growth of personalized therapeutics & diagnostics. The use of digital slides has significantly increased in recent years, owing to its associated benefits including flexible magnification and remote access to slides. The growing emphasis on precision medicine is supported by several organizations & companies in the U.S., which is expected to contribute to the market growth. Moreover, the development in genome sequencing techniques and diagnostic tools can be attributed to the growth of personalized medicine over the years. Companies are supporting the development of precision medi...

  Patient Monitoring Devices Industry Overview The global patient monitoring devices market size was valued at USD 37.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% from 2021 to 2028. The growth can be attributed to the rising demand for monitoring devices used to measure, distribute, record, and display a combination of biometric values such as blood oxygen saturation level, temperature, and blood pressure. Since the COVID-19 pandemic, quarantining, and social distancing practices are implemented around the world. Due to this many people are avoiding frequent hospital visits. As such times many people require routine monitoring of their oxygen level and temperature at home to keep track of their health. Thereby, demanding monitoring devices at home. Various government initiatives are helping during the outbreak of this pandemic. The FDA has issued Emergency Use Authorization (EUAs) for certain wearable and patient monitoring devices t...

  Mesotherapy Industry Overview The global mesotherapy market size was valued at USD 98.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.4% from 2021 to 2028. Some of the factors propelling the market growth are the rise in the adoption of mesotherapy, the increasing middle-aged population concerned about appearance, and the growing number of cosmetic clinics offering mesotherapy treatments. In addition, growing medical tourism for cosmetic procedures is contributing to market growth. The ongoing Covid-19 pandemic is continuing to have a significant impact on the overall aesthetics market, including mesotherapy. The lockdown and travel restrictions are impacting the market negatively. The clinics are majorly not accessible as aesthetic treatment falls under non-essential services, and the disruption in product availability is further widening the impact. In addition, the major fall in consumer footfall has reduced the overall products and ...

  U.S. Wine Cooler Industry Overview The U.S. wine cooler market size was valued at USD 326.5 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The growth in product adoption can be attributed to the increasing consumption of wine in American households. Consumers can be seen buying these and storing the bottles at home, making wine coolers a basic necessity. Product launches have also been driving the growth of the market. For instance, Vinotemp, a Henderson, Nevada-based company building premium wine storage, launched Garage 300-Bottle Dual-Zone Wine Cooler in April 2021. It features enhanced insulation on both the cabinet and the door, added to resist the effects of changing temperatures. Consumers can monitor and set their temperature zones via a central control panel, as well as turn Vinotemp’s BioBlu LED lighting on and off. The adoption of home appliances with multi-functional features is an upcoming trend in the res...

  Dental Laboratory Welders Industry Overview The global dental laboratory welders market size was valued at USD 107.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. Increasing applications of dental welding in restoring the disturbed function of orofacial structures as well as increasing demand for prosthetics are some of the key factors expected to boost the market growth. Prosthetics play a major role in propelling the demand for dental laboratory welders market through oral rehabilitation, which helps in restoring the oral function and facial form of a patient. Dental welding is a quintessential process in order to connect the same dental alloys or metals to create mental bridges, crowns, and casts for different dental restorations, which is further expected to drive the market. Increasing adoption of dental implants and abutment placement is the major factor driving the market. Dental welding is used in clasp asse...

  High Level Disinfection Services Industry Overview The global high level disinfection services market size was valued at USD 22.39 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.30% from 2022 to 2030. The demand for high level disinfection services is increasing owing to the surge in Hospital-acquired Infections (HAIs), rising incidence of infectious diseases, and increasing number of surgical procedures across the globe. HAIs are nosocomial infections that are more frequent in people undergoing long-term care, most notably surgical treatment. HAIs are most common in the elderly, infants, and patients with weakened immune systems. A variety of causes, including a lack of proper hygiene in healthcare facilities, the use of catheters, and an overuse of antibiotics, might surge susceptibility to HAIs. These types of diseases may often lead to central line-related bloodstream infections, surgical site infections, Urinary Tract Infections (U...