Medical Devices Industry

  North America Savory Snacks Industry Overview The  North America savory snacks market  size is expected to reach USD 59.25 billion by 2028, registering a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing consumer emphasis on nutritional properties of the product, such as high vitamin & protein content with low calories, is expected to be a major factor contributing to the growth of the market. The rising demand for on-the-go snacks and increasing spending capacities of customers are projected to boost product demand. Several food trends, such as the growing vegan population, rising cases of lactose intolerance, and high demand for  healthy snacks  are driving the regional market. Consumers have also been increasing their spending on plant-based products as a result of the increased prevalence of certain health conditions including milk allergies.   According to the data provided by the National In...

  South East Asia Telehealth Industry Overview The  South East Asia telehealth market  size is expected to reach USD 916.2 million by 2028 and is expected to expand at a CAGR of 17.6% over the forecast period, according to a new report by Grand View Research, Inc. Constant evolution of  smartphones  has made accessing telehealth and teleconsultation services more convenient and is expected to contribute to the growing demand. The growing number of users and technologically advanced smartphones are enabling users tracks their fitness, monitor health, initiate conversations with healthcare professionals, and book appointments. For instance, several apps such as Doctor Anywhere, Doctor on Call, and ClicknCare have been introduced to help patients book appointments, track their consultations and medical prescriptions, and store their healthcare information over course of the treatment. Furthermore, teleconsultation and telemedicine are widely being adopted across ...

  North America Oxygen Concentrators Industry Overview The  North America oxygen concentrators market  size is expected to reach USD 2.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.7% from 2021 to 2028. The growing prevalence of Chronic Obstructive Pulmonary Disease (COPD) along with other lung diseases is a major parameter driving the market. According to the Centers for Disease Control and Prevention, 9 million people suffered from chronic bronchitis and 3.8 million from emphysema in 2018 in the U.S. Moreover, 3.8 million people in Canada had asthma and 2.0 million people had COPD in 2018, according to the Government of Canada. The use of supplemental oxygen increases the survival rate of COPD patients. Thus, the increasing dependence of COPD patients on O2 concentrators is driving the market.   The increasing number of initiatives to promote awareness of lung diseases as well as the im...

  North America Sports Nutrition Industry Overview The  North America sports nutrition market  size is expected to reach USD 34.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.4% from 2021 to 2028. Many fitness enthusiasts and active lifestyle users are increasingly adopting sports nutrition products for maintaining health -and wellness thereby driving the North American sports nutrition market. Although sales of sports nutrition products declined drastically in 2020 owing to the COVID-19 pandemic, the sales are estimated to bounce back in 2021. It is attributed to growing consumer awareness on health and wellbeing and the benefits of  sports nutrition  consumption. Moreover, sports nutrition products for various applications such as endurance, strength training, muscle growth, recovery, energy, weight management, immunity enhancement, and cognitive repair are available in North America. ...

  B2B Sports Nutrition Industry Overview The global  B2B sports nutrition market  size is expected to reach USD 5.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.8% from 2021 to 2028. Consumers are proactively participating in sporting and fitness activities as there has been a rise in the inclination to pursue a healthy and physically fit lifestyle amongst them. The surge in the number of gyms and fitness centers globally is supporting fitness goals of their members. The rising awareness of the importance of nutrition-based products is a key factor driving the market. Moreover, the fitness centers and gyms endorse  sports nutrition  products, thereby propelling market growth. Advancements in online business platforms are enhancing the accessibility and availability of products, globally.   Globalization has led to rapid change the lifestyle patterns, which has changed dietary habi...

  Drug Testing Industry Overview The global  drug testing market  size is expected to reach USD 11.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2021 to 2028. The introduction of innovative tests, stringent regulation mandating drug testing, and growing substance abuse & addiction are some of the factors anticipated to foster market growth during the forecast period.  Drug abuse and addiction is a global problem, affecting millions of people. As per the World Drug Report published by UNODC, in 2019, around 35.0 million people were suffering from drug use disorders globally. Such a high rate of drug abuse and substance use disorders has created a major demand for innovative tests to prevent, treat, and manage such cases. Several key players operating in this space are introducing innovative and efficient products to meet this growing demand. For instance, in June 2019, Quidel Corporatio...

  Animal Wound Care Industry Overview The global  animal wound care market  size is expected to reach USD 1.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 6.92% from 2023 to 2030. Key factors driving the industry growth include the rising adoption of companion animals, increasing pet population, increasing demand for veterinary surgeries, and rising animal injury cases. The global population of companion animals has also increased. In November 2021, the American Veterinary Medical Association (AVMA) reported that the companion animal population increased significantly from 2016 to 2020. As per the article, there were an estimated 76.8 million dogs in 2016 in the U.S., which increased to 83.7 million in 2020.   There was a similar increase in the pet cat population, from 58.4 million in 2016 to 60 million in 2020. As per the European FEDIAF, in 2021, there were nearly 113.5 million ...