Press Releases from Medi-Tech Insights (262 total)
Sterilization Equipment Market Shows Strong Investment Potential with 7-9% CAGR …
The global sterilization equipment market is set to experience significant growth, with an expected CAGR of 7-9% over the next 5 years. This growth is driven by increasing demand for sterilization in healthcare facilities, stringent infection control regulations, rising surgical procedures, necessity to curb hospital-acquired infections (HAIs), and advancements in sterilization technologies.
Sterilization equipment plays a critical role in ensuring the safety and hygiene of medical instruments, devices, and environments. These…
Global Biologics Market Set to Expand at 10-12% CAGR from 2024 to 2029: Medi-Tec …
The global biologics market is set to witness a growth rate of 10-12% in the next 5 years. Rising prevalence of chronic diseases; continued advancements in biotechnology; growing investment in biopharmaceutical R&D; and growing strategic partnerships between biotech firms & larger pharmaceutical companies are some of the key factors driving the biologics market.
Biologics are a class of medications derived from living organisms, including proteins, sugars, and nucleic acids among others.…
Telemedicine Market to Grow at 16-18% CAGR By 2029, Fueled by Tech Advancements …
The global telemedicine market is set to witness a robust growth rate of 16-18% over the next five years. This growth is driven by the increasing adoption of digital healthcare solutions, a rise in chronic disease prevalence, an aging population demanding more accessible care, technological advancements in telehealth platforms, growing government support, and the shift toward remote patient monitoring and virtual care solutions.
Telemedicine refers to the remote diagnosis, treatment, and…
High Flow Oxygen Therapy Market Set to Grow at 7% CAGR by 2029 Driven by Rising …
The high flow oxygen therapy (HFOT) market is growing at a projected compound annual growth rate (CAGR) of around 7% in the forecast period. Key drivers include the rising prevalence of respiratory diseases such as COPD, pneumonia, and acute respiratory failure, along with increased adoption of non-invasive treatments. Technological advancements in HFOT devices and the growing elderly population further support market growth. However, high device costs and limited reimbursement in…
Global Dental Equipment Market to Grow at 5-6% Annually by 2029; Top Key Players …
The global dental equipment market is set to witness a growth rate of 5-6% in the next 5 years. Aging population especially in developed regions, growing adoption of digital dentistry, increasing demand for aesthetic & preventative dental care, technological advancements, and rising dental awareness, medical tourism & accessibility in emerging markets are some of the key factors driving the dental equipment market.
Dental equipment includes tools and devices used by dental…
Computed Tomography (CT) Market Forecasted to Register 6-8% CAGR by 2029 with In …
The global computed tomography market is set to witness a steady growth rate of 6-8% in the next 5 years. The continuous technological advancements for development of advanced CT systems; rising prevalence of cancer and other chronic diseases; growing awareness of the importance of early disease detection; growing aging population; and rising healthcare expenditure, especially in emerging markets are some of the key factors driving the computed tomography market.
Computed tomography…
Platelet Rich Plasma (PRP) Market to Grow at 12% CAGR by 2029 with Expanding Use …
The Platelet Rich Plasma (PRP) market revolves around treatments that involve extracting a patient's blood, isolating the platelet-rich components, and injecting them into targeted areas to accelerate healing and tissue repair. These therapies are gaining substantial traction across various sectors, including orthopaedics, dermatology, and sports medicine, owing to their potential to enhance recovery times. The market is anticipated to expand at a CAGR of around 12%. Several factors, including a…
Vascular Stents Market to Expand at 6-8% CAGR by 2029; Global Size, Trends, Driv …
The Global Vascular Stents Market is expected to witness a growth rate of 6-8% in the next five years. Rising prevalence of cardiovascular diseases (CVDs), advancements in stent technology, growing preference for minimally invasive procedures, favourable reimbursement policies, and growing geriatric population are some of the key factors driving vascular stents market growth. However, high cost of vascular stents, complications and risks associated with stent technology, stringent regulatory approval processes,…
Nurse Call Systems Market Set for 10-12% CAGR Growth by 2029 with Surge in Patie …
The global nurse call systems market is set to witness a high growth rate of 10-12% in the next 5 years. Rising demand for efficient communication between patients and healthcare providers; rapid growth in geriatric population leading to higher hospital admissions; technological advancements in wireless, mobile, and voice-enabled nurse call systems, increasing focus on patient safety; growing investments in hospital infrastructure, especially in emerging markets; and shift toward personalized and…
Personal Mobility Devices Market on Growth Trajectory with 7% CAGR by 2029: Say …
The Personal Mobility Devices Market is poised for steady growth, with an anticipated expansion rate of around 7% during the forecast period. This growth is driven by several factors, including the aging global population, a rise in disability rates, technological advancements in mobility solutions, and increasing healthcare spending worldwide. These trends are collectively boosting the demand for personal mobility devices, particularly among older adults and individuals with mobility challenges, thereby…
Alzheimer's Drugs Market Size, Share, and Trends to Grow at 20% CAGR by 2029, Dr …
The Alzheimer's Drugs Market is anticipated to experience a compound annual growth rate (CAGR) of approximately 20% over the forecast period. This growth is largely driven by the increasing incidence of Alzheimer's disease, an aging global population, innovations in drug discovery and development, and greater awareness and diagnosis of the condition. Additionally, the market's expansion is bolstered by increased investments in research and development (R&D) and the emergence of novel…
Nanomedicine Market Outlook 2024-2029: Opportunities Rise with Technological Adv …
The Global Nanomedicine Market is expected to witness a growth rate of 10-12% in the next five years. Ongoing research and development in nanotechnology; rising incidence of chronic diseases; government and private sector investments in nanomedicine research and development; rising usage of nanomedicine in drug delivery technology, growing adoption of personalized medicine; and global increase in the aging population are some of the key factors driving the nanomedicine market growth.…
AI in Precision Medicine Market Set to Grow at 25-30% CAGR by 2029; Medi-Tech In …
The Global AI in Precision Medicine Market is expected to witness a growth rate of 25-30% in the next five years. Advancements in AI technology, growing demand for personalized medicine, increasing investment in AI in healthcare, expansion of genomic data, supportive government policies, growing VC investment in AI in healthcare, and growing importance of prevention and early detection of diseases are some of the key factors driving AI in precision…
Smart Pills Market to Reach New Heights from 2024 to 2029 with Growing Demand fo …
The global smart pills market is set to witness a growth rate of 10-12% in the next 5 years. Rising prevalence of chronic diseases, technological advancements in capsule endoscopy, growing focus on patient compliance, increased demand for non-invasive diagnostics and monitoring devices, rising geriatric population, favorable government and regulatory framework, and growing awareness of personalized medicine are some of the key factors driving the smart pills market.
Explore market trends, size,…
Medical Document Management Market Set for 10-12% Growth by 2029 Driven by Risin …
The Global Medical Document Management Market is expected to witness a growth rate of 10-12% in the next five years. The increasing need to reduce paperwork and improve data organization, smoother regulatory compliance, enhance data security, reduce healthcare costs, and improve clinical and operational efficiency and patient care are major factors driving the medical document management market growth. Moreover, the ever-rising volume of healthcare data being generated from clinical (electronic…
IoT Medical Devices Market to Grow at 25-30% CAGR by 2029, Driven by Demand for …
The Global IoT Medical Devices Market is expected to witness a growth rate of 25-30% in the next five years. The IoT medical devices market is experiencing a significant growth driven by the increasing demand for real-time patient monitoring, advancements in wireless technologies, and the shift towards personalized medicine. These devices, ranging from wearable health trackers to smart implants, offer continuous health data collection and transmission, enhancing patient care and…
Medical Tourism Market is Set for 20% Growth by 2029, Driven by Global Demand fo …
The Medical Tourism market is set to experience a robust growth rate of 23% in the forecast period, driven by increasing demand for affordable healthcare and the availability of advanced medical technologies. Countries like Singapore, Thailand, and India, are some of the key players, offering high-quality care at a fraction of the cost in developed countries. Telemedicine and government investments in healthcare infrastructure further boost the market, making global…
Healthcare Cloud Computing Market Outlook 2024-2029: Trends, Growth Drivers, and …
The Global Healthcare Cloud Computing Market is expected to witness a growth rate of 15-17% in the next five years. The healthcare cloud computing market is experiencing growth driven by increasing demand to reduce operational costs, the rising adoption of electronic health records (EHRs) and health information technology (HIT) systems, and the healthcare industry's shift towards value-based care. Additionally, growing emphasis on patient safety, increasing investments in healthcare IT, stringent…
AI in Life Sciences Market to Grow at 25% CAGR by 2029, Driven by Innovation in …
The AI in Life Science Market is anticipated to experience a remarkable compound annual growth rate (CAGR) of around 25% in the coming years, highlighting the increasing reliance on AI technologies across various applications in life sciences. The life sciences market is witnessing a transformative expansion due to the integration of artificial intelligence (AI), particularly in areas such as drug development, personalized therapies, and predictive analytics. With its capability to…
Pharmacovigilance Market Set for Steady 8-9% Growth by 2029, Booming Pharma Indu …
The Global Pharmacovigilance (PV) Market is expected to witness a growth rate of 8-9% in the next five years. Increasing incidence of adverse drug reactions (ADRs) and drug withdrawals, growing pharmaceutical and biotech industries, increasingly stringent regulatory mandates and complex compliance requirements throughout the drug lifecycle, growing levels of drug consumption with increasing complexity of drugs being developed, increased outsourcing of PV services by pharmaceutical companies, and the growing adoption…
Tissue Engineering Market Set to Grow at 14-15% CAGR by 2029, Driven by Advances …
The Global Tissue Engineering Market is expected to witness a growth rate of 14-15% in the next five years. Rising incidence of degenerative bone diseases, diabetic ulcers, traumatic injuries, sports injuries, and chronic diseases; shortage of organ and tissue supply; and advancement in tissue engineering technologies such as 3D printing, use of smart biomaterials, induced pluripotent stem cells (iPSCs), and microfluidics are some of the key factors fostering tissue engineering…
Structural Heart Devices Market to Grow at 10% CAGR, Projected to Hit $10.6 Bill …
The Global Structural Heart Devices Market valued at $6.6 billion in 2021 is set to witness a growth rate of 10% in the next 5 years. The rising geriatric population & corresponding rise in the prevalence of structural heart disease, technological advancements in structural heart devices, US FDA approval for expanded indications for several transcatheter heart valves, increasing awareness about structural heart diseases, and favorable reimbursements for structural heart procedures…
Sterilization Services Market to Witness Single-Digit Growth Rate By 2027, Drive …
The Global Sterilization Services Market is expected to witness a single-digit growth rate by 2027. The market is anticipated to grow due to the rise in hospital-acquired infections, an increase in surgical procedures requiring infection prevention and control measures, growing trend for contract sterilization by hospitals, pharma, medical device companies to specialized third-party vendors, growing geriatric population, and an increase in cases of chronic diseases like diabetes, cancer, heart disease,…
STD Diagnostics Market is Projected to Register 7-8% CAGR by 2029; Rising Awaren …
The STD diagnostics market is projected to experience a CAGR of 7-8% in the forecast period. The market growth is primarily fueled by factors such as an increasing prevalence of STDs, advancements in diagnostic technologies, heightened awareness, and growing awareness regarding sexually transmitted diseases (STDs).
Sexually transmitted disease (STD) diagnostics refer to the methods and procedures used to identify and confirm the presence of sexually transmitted infections or diseases in individuals.…
Serological Testing Market Size, Share, Trends to Expand at 6-8% CAGR by 2027 Am …
The Global Serological Testing Market will witness a growth rate of 6-8% by 2027. The global serological testing market is driven by the rising prevalence of acute and infectious diseases, the growing ageing population, technological advancements, and the rising adoption of point-of-care serological testing. Additionally expanding applications of serological testing, and the global impact of the COVID-19 pandemic has further spurred a substantial need for serological tests, contributing to the…
Regenerative Medicine Market to Expand at 17% CAGR by 2029, Fueled by Innovation …
The Regenerative Medicine Market is projected to grow at a CAGR of 17% in the forecast period. This growth can be attributed to the increasing prevalence of chronic diseases and degenerative conditions, continuous advancements in stem cell research, growing investments in regenerative medicine research and development, and the rising demand for organ transplantation and tissue engineering solutions.
Regenerative medicine involves the development of methods to regrow, repair, or replace damaged or…
Real-World Evidence (RWE) Solutions Market Set to Expand at ~10% CAGR by 2030, D …
The real-world evidence (RWE) solutions market is expected to expand at a CAGR of ~10% during the forecast period. Key factors driving this growth include increasing regulatory support for RWE adoption, the rising incidence of chronic diseases, increased investment from pharmaceutical companies, the growing focus on personalized medicine and targeted therapies, the widespread adoption of electronic health records (EHRs) and digital health data, and the potential of RWE to lower…
Global Radioligand Therapy Market Set for Steady Growth of ~5% CAGR, Surpassing …
The Radioligand Therapy Market is expected to reach a US$13 billion market at a growth rate of ~5% by 2030. Increasing prevalence of various types of cancer, including prostate cancer and neuroendocrine tumors, advancements in nuclear medicine in the field of radiopharmaceutical development, a rising geriatric population, increasing awareness and understanding of radiotherapy isotopes, and an increase in clinical research and trial activities for developing new product pipelines are some…
Medical Devices Outsourcing Market Size, Share, and Trends to Grow at 13% CAGR b …
The Global Medical Devices Outsourcing market is expanding at a healthy growth rate of 13% due to the increasing tendency of OEMs to outsource various stages of production and development. The market is further driven by the growing demand for cost-effective and high-quality medical devices, coupled with the rising prevalence of chronic diseases. Additionally, the increasing complexity of regulatory requirements and the need for specialized expertise are key factors fueling…
Global Wearable Medical Devices Market Poised for Double-Digit Growth by 2028 Am …
The Wearable Medical Devices Market is expected to witness a healthy double-digit growth rate by 2028. The key factors driving the market are rising incidence of chronic diseases; growing recognition of fitness, lifestyle, and home healthcare trends; increased adoption of wearable medical devices since Covid-19; and technological advancements in wearable devices.
Growing awareness of fitness, lifestyle, and home healthcare trends; increased use of wearable medical devices since COVID-19; and improvements in…
Long-Term Care Software Market to Grow at 11-13% CAGR by 2027 Amid Aging Populat …
The Global Long-Term Care Software Market is expected to witness a CAGR of 11-13% by 2027. Growing geriatric population, staffing churn in geriatric care, technological advancements in wearables, and government initiatives in the area are some of the key factors driving the market growth.
Rising geriatric population, staffing churn in geriatric care, technological advancements in wearables, and government initiatives in the area are some of the key factors that are driving…
Intraocular Lens Market Poised to Reach New Heights with 5-6% Growth Driven by A …
The Global Intraocular Lens Market valued at US $3.9 billion in 2021 and is set to witness a growth rate of ~5-6% in the next 5 years. The global growth in cataract procedures driven by an aging population, the shift from monofocal IOLs to premium IOLs/advanced technology IOLs, the steady growth of monofocal IOLs in line with the procedural market, and favorable reimbursement scenarios in selected key markets are some…
Infection Surveillance Solutions Market to Expand at 13-14% CAGR by 2029 with AI …
The Infection Surveillance Solutions Market is anticipated to grow at a CAGR of 13-14%. Increasing awareness about infection control, catalyzed by events like the COVID-19 pandemic, coupled with stringent regulatory mandates and advancements in technology such as artificial intelligence and big data analytics, are key drivers fueling the adoption of infection surveillance solutions in healthcare settings.
Infection surveillance refers to the systematic monitoring, tracking, and analysis of data related to infectious…
Home Healthcare Services Market Set to Grow at 9-10% CAGR by 2029, Driven by Agi …
The Global Home Healthcare Services Market will witness a CAGR of 9-10% by 2029. The key factors driving the home healthcare services market growth are the rising aging population and the number of retirees, adoption of technology-enabled healthcare delivery by doctors, patients, insurers, regulators, home health & hospice agencies, increased acceptance of in-home palliative care & hospice care services, home nursing, home medical supply delivery, and in-home diagnostics.
Home healthcare services…
Healthcare Management Service Organization Market Growth Outlook: 12% CAGR Drive …
The Healthcare MSO (management service organization) Market is expected to grow at a CAGR of 12% by 2030. The growing trend of consolidation of smaller practices to achieve economies of scale and improve operational efficiency, rising aging population & chronic disease, growing demand for specialty care, increasing investments by private equity companies, and rising adoption of technology are some of the key factors driving the market.
A Healthcare Management Service Organization…
Healthcare Digital Twin Market Size, Share, Growth Demand for AI, Big Data, and …
Global Healthcare Digital Twin Market is growing at a lucrative rate of 30-50% CAGR. The market growth would be driven by the growing demand for personalized therapies, venture capital investments, and the emerging trend of digitization.
A digital twin is a virtual replica of a physical object or a process. Real world data collected through sensors is fed into virtual model. The digital twin then offers the real-time view in a…
FemTech Market Size to Expand at 16% CAGR by 2030 Amid Rising Demand for Women's …
The global FemTech market is set to witness a growth rate of 16% in the next 5 years. Growing awareness of women's health issues, rise in women-centric healthcare start-ups, advancements in digital health technologies, rising demand for personalized healthcare solutions, growing prevalence of chronic and reproductive health issues, supportive government initiatives & policies, and rising demand for telemedicine & remote healthcare are some of the key factors driving the FemTech…
ENT Devices Market is Projected to Expand at Single-Digit CAGR by 2027; Amid Ris …
The Global ENT Devices Market is expected to witness a single-digit growth rate by 2027. The key factors driving the ENT devices market's growth are growing number of endoscopic examinations due to rise in laryngeal and pharyngeal cancers, growing number of endoscopic sinus surgery (ESS) procedures, increasing aging population, growing prominence of artificial intelligence (AI) in ENT and skull base procedures, and technological advancements in ENT devices.
ENT Devices are used…
Drug Discovery Software Market to Grow at ~14% CAGR, Fueled by AI, ML, and Risin …
The global Drug Discovery Software market valued at ~$2 billion in 2020 and is expected to grow at a CAGR of ~14% to cross $3.5 billion by 2025, driven by growing R&D spending across the world, need for cost-efficiency & faster time-to-market, stringent regulatory compliance/reporting, growing use of AI & ML in drug discovery, and rising demand for novel software solutions specifically designed for biologics/cell & gene therapy.
The life science…
Digital Health Market Set for 20-25% CAGR Growth by 2029 as AI, EHR Integration, …
The global digital health market is set to witness a significant growth rate of 20-25% in the next 5 years. increasing adoption of smartphones and wearable devices, rising demand for remote healthcare services, advancements in artificial intelligence (AI) and machine learning, growing focus on preventive healthcare, increased investment in digital health startups, supportive regulatory environment, and integration with electronic health records (EHRs) are some of the key factors driving the…
Biomarkers Market to Rise at 11-14% CAGR by 2029; Growing Demand for Personalize …
The biomarkers market is expected to grow at 11-14% CAGR in the next 5 years. The increased demand for personalized medicine, the rising prevalence of chronic and infectious diseases, the growing demand for early and accurate diagnostics, advancement in biomarkers technologies, the growing importance of companion diagnostics, significant investment in R&D for developing advanced biomarkers, and growing applications of biomarkers in diagnostics are some of the key factors driving the…
Dental Regeneration Market to Reach New Heights with 6-8% CAGR by 2029, Boosted …
The global dental regeneration market is set to witness a growth rate of 6-8% in the next 5 years. Rising incidence of dental diseases; technological advancements in regenerative dentistry; increasing geriatric population; and growing awareness of aesthetic and cosmetic dentistry; are some of the key factors driving the dental regeneration market.
Dental regeneration is a field of dentistry focused on restoring damaged or lost dental tissues, such as enamel, dentin, and…
Global Eyeglasses Market to Grow at 7% CAGR by 2030; Boom Size, Share, Growth in …
The global eye glasses market is set to witness a growth rate of 7% in the next 5 years. Increase in refractive errors and vision disorders, aging population and increased demand for prescription glasses, rise in number of eye disorders in the younger generation, technological advancements in lens and frame designs, growing adoption of fashion and luxury eyewear, rising digital eye strain due to increased screen time, and expanding distribution…
Decentralized Clinical Trials Market Set to Grow at 10% CAGR, Hitting $14.2 Bill …
Global Decentralized Clinical Trials (DCTs) Market valued at $8.8 billion (2021), is set to witness a healthy growth rate of 10% to reach $14.2 billion by 2026.
Benefits of DCTs, Covid-19, growing adoption by pharmaceutical, medical device companies & contract research organizations (CROs), formation of industry stakeholder groups such as Decentralized Trials & Research Alliance (DTRA) to facilitate collaboration and research, favorable funding & regulatory outlook, and surge in M&A activities…
Cybersecurity in Healthcare Market to Grow at 18% CAGR by 2029, Driven by IoT an …
The Global Cyber Security in Healthcare Market is expected to witness a CAGR of 18% by 2029. Key factors driving cybersecurity in healthcare include the increasing adoption of connected medical devices and IoT technologies and compliance with stringent data privacy regulations such as HIPAA and GDPR also drive cybersecurity efforts to protect sensitive patient information and avoid legal repercussions. Additionally, the rising awareness of cybersecurity's critical role in safeguarding patient…
CRISPR Technology Market is Projected to Expand at 16% CAGR by 2030
The global CRISPR technology market is expected to witness a growth rate of 16% in the next five years. Continuous advancements in CRISPR technology; rising demand for precise and efficient gene-editing tools and therapies; growing prevalence of genetic disorders; significant investments from governments, private companies, and venture capitalists; collaborations between academic institutions, biotechnology companies, and pharmaceutical firms; and integration with other technologies like artificial intelligence (AI) and nanotechnology are some…
Cell and Gene Therapy CDMO Market to Grow at ~25% CAGR, Driven by Innovation and …
The global Cell and Gene Therapy CDMO market is anticipated to witness a CAGR of ~25% to reach $5 billion by 2025, driven by growing burden of cancer and other targeted diseases, rapidly expanding research on cell and gene therapies and robust CGT pipeline, substantial funding by venture capitalists and technological innovations.
The development and approval of CAR-T cell therapies such as Kymriah and Yescarta and their success in combating hematological…
Cancer Diagnostics Market Set to Grow at 7-9% CAGR by 2029, Fueled by Technologi …
The Cancer Diagnostics Market is projected to expand at a rate of 7-9% during the forecast time. This growth is due to the increasing incidence of various types of cancer across the globe and the continuous improvement of diagnostic products, the increasing importance of early detection of cancer and the shift towards non-invasive and speedy testing methods to enhance the patients' experiences and access to diagnosis services.
Explore market trends, size,…
Botulinum Toxin Market Set for 10% CAGR Growth by 2030, Driven by Anti-Aging Tre …
The botulinum toxin market is projected to grow at a CAGR of approximately 10% from 2025 to 2030. This growth is driven by the increasing popularity of minimally invasive aesthetic treatments, the rising geriatric population seeking anti-aging solutions, expanding therapeutic applications for neurological and muscular disorders, and greater accessibility due to higher disposable incomes. However, the market faces challenges like high treatment costs, potential side effects, and stringent regulatory processes,…
Biotechnology Market Size, Share, Trends Set to Grow at 13-15% by 2029: Growth F …
The global biotechnology market is set to witness a growth rate of 13-15% in the next 5 years. Advancements in genetic engineering and genomics; growing demand for biopharmaceuticals; rising incidence of chronic diseases; growth in environmental and agricultural biotechnology; increased investment in R&D; growing demand for synthetic biology; and presence of favorable government initiatives are some of the key factors driving the biotechnology market.
Biotechnology is the scientific field that uses…
