Healthcare and Medical Device

The global MedTech market size is estimated to grow from $642.5 billion in 2023 to $668.2 billion in 2024, a ~4% year-over-year increase. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64921163 Key Growth Drivers Continued technology innovation, mergers and acquisitions, new product launches, and new business models. Advancements in imaging technologies and innovative surgical solutions. Rise of ambulatory care facilities and increase in ambulatory surgical volumes. Strategic partnerships between MedTech companies to enhance care offerings. Adoption of AI/ML technologies to enable value-based care and personalized medicine. Key MedTech Companies Abbott, BD, Boston Scientific, Cardinal Health, Fresenius Medical Care, Fujifilm, GE Healthcare, Johnson & Johnson, Medtronic, Philips, Roche, Samsung Medical, Siemens Healthineers, Stryker. 2024 Growth Areas Precision medicine playing a pivotal role, enabled by genomic data, innovativ...

Transdermal Patches Market  in terms of revenue was estimated to be worth $6.2 billion in 2023 and is poised to reach $8.0 billion by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The factors driving the growth of the global transdermal patches market include the rising prevalence of chronic diseases, the expanding use of analgesic patches, technological developments in transdermal patches, and the shift from traditional injections to transdermal patches. However, during the expected duration, factors such as medication failures, recalls of transdermal drug delivery systems, and escalating healthcare facility expenses are anticipated to limit the market’s expansion to a certain degree. Download an Illustrative overview:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190809043 The transdermal patches market is further segmented based on the patch type, adhesive type, application, distribution channel, end-user, and region. The Drug-In-Adhesives segment is expecte...

Softgel Capsules Market in terms of revenue was estimated to be worth $1.1 billion in 2023 and is poised to reach $1.5 billion by 2028, growing at a CAGR of 6.3% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by the benefits of softgel capsules, increasing demand for dietary supplements and nutraceuticals, and rising demand for naturally sourced ingredients. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238329912   In 2022, the gelatin segment accounted for the largest market share of the softgel capsules market based on material type.   Based on material type, the global softgel capsules market is segmented into gelatin and other materials, such as carrageenan (natural seaweed extract), plant-derived cellulose, hydroxypropyl methylcellulose (HPMC), pullulan (obtained from the fermentation of starch), and starch-glycerin. The gelatin segment accounted for the l...

Medical Aesthetics Market  in terms of revenue was estimated to be worth $15.4 billion in 2023 and is poised to reach $25.9 billion by 2028, growing at a CAGR of 11.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The market’s growth is significantly propelled by the rising popularity of aesthetic procedures among the elderly demographic. As people age, there is a heightened desire to maintain a youthful appearance, leading to increased demand for cosmetic treatments such as facelifts, Botox, and dermal fillers. Moreover, advancements in medical aesthetics have made these procedures safer and more accessible, further enticing older individuals. This trend reflects a broader societal shift towards embracing aging with vitality and confidence, contributing substantially to the market’s expansion. Download an Illustrative overview:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=885 Facial Aesthetics Product segment to register significant growth rat...

Veterinary API Market  in terms of revenue was estimated to be worth $5.2 billion in 2023 and is poised to reach $7.1 billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The market for veterinary API is expanding because of factors like rising incidence of transboundary & zoonotic diseases, increasing animal population and pet ownership, and increasing disease control & disease prevention measures. The veterinary API industry is anticipated to develop because of the rising demand for veterinary medicines and other animal health products. This is also going to attract international investors to that region. Download an Illustrative overview:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91801752 In this report, the Veterinary API Market is segmented based on API Type, Synthesis Type, Route of Administration, Animal Type, and region. “Oral segment in Route of administration was dominated by the highest ...

Point of Care Molecular Diagnostics Market in terms of revenue was estimated to be worth $2.0 billion in 2023 and is poised to reach $3.4 billion by 2028, growing at a CAGR of 10.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by increasing prevalence of infectious diseases and cancer, rising focus on decentralized diagnostics, increasing R&D funding, increasing awareness on the early detection of infectious diseases, and the increasing use of POC diagnostic tests. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143524127   The Assays & Kits segment is expected to account for the largest share of the Point of Care Molecular Diagnostics Market in 2022.   The products & services in the point-of-care molecular diagnostics market are categorized into assays & kits, instruments & analyzers, and software & services. Assays & kits specifica...