Medical Devices Industry

U.S. House Calls Industry Overview The  U.S. house calls market  size is expected to reach USD 831.2 million by 2030 expanding at a CAGR of 5.62%, based on a new report by Grand View Research, Inc. Advanced healthcare technology and medical devices have enabled house call practices to provide continuous coordinated care to patients in a convenient location at affordable prices. Home visits have enabled physicians to make data-driven and informed decisions regarding the diagnosis and treatment of individual patients. The adoption of house call services by patients not only provides them with optimum care at their home but also has other benefits. A provider of house calls, Heal, estimated that its house call services reduced hospitalization rate by 28% and unnecessary urgent care and emergency room visits by up to 71%, saving around USD 53.7 million annually. The COVID-19 pandemic further boosted app-based house call services, as it was the only option during the pandemic r...

  U.S. Active Adult (55+) Community Industry Overview The  U.S. active adult (55+) community market  size is estimated to reach USD 805.0 billion by 2030, expanding at a CAGR of 4.02% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing interest of older adults below 65 years of age in a maintenance-free lifestyle, structured activities, socialization, and a sense of community are the major factors driving the market. In addition, retirement not being in the eligibility criteria, and the variety of optional care and support services available at these facilities are the factors boosting the market growth. An increasing population aged between 55 to 64 years is categorized as active adults seeking a social and friendly environment. According to the U.S. Census Bureau, baby boomers aged between 55 and 73 have brought both challenges and opportunities to the economy, infrastructure, and institutions. Active adult communities are quite simil...

  ECG Patch And Holter Monitor Industry Overview The global  ECG patch and holter monitor market  size is expected to reach USD 4.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 19.58% from 2023 to 2030. The Growing prevalence of cardiac arrhythmia, increasing demand for ambulatory monitoring devices , and technological advancements are likely to drive the market during the forecast period. Recent technologies in ECG patch and Holter monitor market include ECG chip, which can be inserted in the body to record heart rhythms for a long duration; ECG data management solutions; and telemetry. ECG patch and Holter monitor are also used in noncardiology departments, such as electrophysiology labs and nursing & emergency departments, as well as management of respiratory disorders. Initiatives such as the Door-to-Balloon (D2B) time by the American College of Cardiology (ACC) and “Mission: Lifeline” by AHA are e...

  Veterinary Equipment And Disposables Industry Overview The global  veterinary equipment and disposables market  size is expected to reach USD 4.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.0% from 2023 to 2030. Increasing pet health expenditure and growing concern among pet owners are driving the market. Advancement in veterinary equipment and growing initiatives by the industry players are boosting the growth. Companies are investing in the expansion of their manufacturing facilities, which is expected to positively influence the revenue over the forecast period. For instance, in June 2021, Veterinary Instrumentation (VI), announced an expansion in the U.S. market. With this expansion, VI is going to bring the support of the expert team to veterinarians and more than 4,000 professional veterinary instruments in the U.S. This initiative is expected to boost the company’s growth, as it allows b...

  Meningococcal Vaccines Industry Overview The global  meningococcal vaccines market  size is expected to reach USD 4.92 billion by 2030, registering a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Increasing prevalence of meningitis is one of the major factors attributed to the market growth. For instance, according to ECDC, it was estimated that in 2017, 3,221 confirmed cases were observed in EU member states, wherein 58% cases were found in the U.K., France, Spain, and Germany. Moreover, a high incidence of meningitis disease is found in the “meningitis belt” of sub-Saharan Africa, and approximately 30,000 cases are reported every year in this region. In addition, rising FDA approval for meningococcal vaccines is expected to boost the growth. For instance, in April 2020, Sanofi received FDA approval for its MenQuadfi Meningococcal Conjugate Vaccine for the prevention of invasive meningococcal disorders in individuals at least two years old. The...

  U.S. Virtual Visits Industry Overview The  U.S. virtual visits market  size is expected to reach USD 105.5 billion in terms of revenue and 5.2 billion in terms of volume by the end of the forecast period and is expected to grow at a CAGR of 30.9% in terms of revenue, and 36.9% in terms of volume as per a new report published by Grand View Research, Inc. Increasing demand for telehealth and teleconsultation and introduction of new and advanced technologies has positively impacted the growth of the market in the U.S. Increasing penetration of smartphones and assisted technologies has also been a key factor for the fast growth of the market. In the service segment, cold and flu management had the largest market share in 2021. The major factor behind the growth of the market is the growing demand for teleconsultations for patients for treatment of common conditions like cold and flu to reduce the chances of contracting additional illnesses due to hospital visits. The...

  Europe Mobility Aids Industry Overview The  Europe mobility aids market  size is expected to reach USD 3.98 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a significant CAGR of 3.2% in the forecast period. The high demand for home healthcare and an increase in the geriatric population requiring  Long-term Care  (LTC) are expected to propel the market growth during the forecast period. In addition, technical advancements in mobility aids are likely to boost product usage, resulting in market expansion. The introduction of new mobility support devices by key market players is anticipated to increase the number of products available in the market. This, in turn, will help facilitate the growth of the market.   Furthermore, the aging population in the U.K. has increased significantly in the past five decades. As per the statistics published by Age U.K., in 2020, around 18.65% of peop...

  U.S. Vaginal Moisturizers And Lubricants Industry Overview The  U.S. vaginal moisturizers and lubricants market  size is expected to reach USD 1.2 billion by 2030, expanding at a CAGR of 8.34% during the forecast period, according to a new report by Grand View Research, Inc. Market growth can be attributed to the increasing target population, growing demand for sexual wellness products for women, and increasing awareness regarding sexual health. According to the Study of Women Across the Nation (SWAN), more than 2,400 women above the age of 17 and around 19.0% of women aged 42 to 53 suffer from vaginal dryness. The increase in the incidence of vaginal dryness is expected to have a positive impact on the demand for vaginal moisturizers and  lubricants  over the forecast period. The U.S. government declared September as sexual health awareness month. In addition, parents are encouraged to talk to their children regarding sexual health. Helplines are available,...

  U.S. Healthcare Discount Plan Industry Overview The  U.S. healthcare discount plan market  size is expected to reach USD 3.8 billion by 2030, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing chronic diseases burden, increasing health expenses, and rising out-of-pocket expenditures are boosting the demand for health/medical discount plans offering affordable treatment solutions. Market players are focusing on increasing investments, innovating products & services, collaborating & partnering with other players to deliver affordable and accessible treatment solutions. Furthermore, the growing demand for enhanced treatment quality and improved patient experience, which would drive clinical outcomes & coordinate patient care is further boosting the adoption of health/medical discount plans.   For instance, United Healthcare, in June 2019, launched UnitedHealthcare Hearing, an innovative s...

  Mobile Cardiac Telemetry Systems Industry Overview The global  mobile cardiac telemetry systems market  size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 12.1% from 2022 to 2030. Increasing prevalence of the cardiovascular disorder, need for effective arrhythmia management , and technological advancement in telemetry devices are driving the market. Increasing demand for real-time cardiac monitoring and self-care management is boosting the demand for mobile cardiac telemetry devices. In addition, the presence of advanced healthcare infrastructure, high disposable income in the developed countries is further propelling the revenue. Moreover, these devices were found to help monitor COVID-19 patients taking azithromycin and hydroxychloroquine medication which is expected to boost the market revenue. The market is technology-driven and the key industry players are continuo...

  Artificial Intelligence In Diagnostics Industry Overview The global  artificial intelligence in diagnostics market  size is expected to reach USD 5.4 billion by 2030, registering a CAGR of 24.60% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for integrating AI-enabled algorithms in diagnostics to provide precise and accurate diagnosis at the earliest, which enhances clinical and operational outcomes, is driving the growth of this market. The rapidly growing cases of acute & chronic disorders across the globe are driving the demand for AI-based solutions since most of these ailments could be either prevented or delayed if diagnosed early and given appropriate treatments. The shortage of healthcare personnel is also supporting the product demand. The emergence of startups, increasing funding opportunities, and growing public-private partnerships are also boosting market growth. Furthermore, medical technology is ...

  Non-invasive Fat Reduction Industry Overview The global  non-invasive fat reduction market  size is expected to reach USD 4.3 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 16.1% from 2022 to 2030. Treatments like Cryolipolysis, low-level lasers, and Ultrasound are the most commonly used method for noninvasive fat reduction procedures. The rising contribution of market players is playing a prominent role in promoting such procedures is driving the market. Other factors like rising awareness, increasing prevalence of obesity in developed and developing countries, rise in disposable income, change in lifestyle due to urbanization, and rising demand for body contouring procedures are expected to propel the market further. Non-invasive procedures are rapidly replacing invasive surgeries and people are opting more for aesthetic procedures like body contouring as the risk associated with these treatments are negligible and ar...

  Neonatal Critical Care Equipment Industry Overview The global  neonatal critical care equipment market  size is expected to reach USD 1.4 billion in 2030, expanding at a CAGR of 8.83%, according to a new report by Grand View Research, Inc. Rising number of preterm births, increasing incidence of newborn jaundice, and launch of new products are some of the factors responsible for market growth. The Neonatal Intensive Care Unit (NICU) provides treatment to premature infants and those having breathing problems, anemia, heart defects, and other problems requiring critical care. The majority of admissions in the NICU comprise premature babies. To support their treatment, various organizations are providing financial assistance to healthcare providers. For instance, in October 2018, the Australian Government announced a provision of AUD 600,000 to the Miracle Babies Foundation to support the families of premature babies. The number of cases of jaundice and respiratory probl...