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Negative-Pressure Wound Therapy Devices Market Growth and Demand Forecasts, 2030

Negative Pressure Wound Therapy Devices Market

The global negative pressure wound therapy devices market is projected to be USD 4,698.4 million by 2030 growing at a CAGR of 7.7% during the forecast period, according to P&S Intelligence.

This growth can be ascribed to the growing incidence of burns, growing occurrence of diabetes, rising elderly populace, and high rate of C-section operations leading to the growing post-operative utilization of NPWT devices.

In the coming few years, the chronic wound category is projected to experience faster growth, on the basis of wound type. This is mainly because of the rising occurrence of illnesses like peripheral arterial occlusive illness, chronic venous deficiency, and diabetes mellitus. As aging individuals are more disposed to these medicinal circumstances, they create a significant demand for wound care items.

North America is dominating the negative-pressure wound therapy (NPWT) devices market and the continent is also projected to be dominant throughout the forecast period. This is due to the greater existence of key companies, higher healthcare spending, and growing R&D activities in the continent.

The growing incidence of burns is a main reason for boosting the development of the market for NPWT devices internationally. As per the statistics issued by the World Health Organization in 2018, a projected 180,000 demises because of burns were stated each year, the majority in low- and middle-income nations.

Hence, the growing incidence of burns, growing occurrence of diabetes, rising elderly populace, and high rate of C-section operations are the major factors contributing to the growth of the negative-pressure wound therapy (NPWT) devices industry.

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Pamper your Skin and It will Get You Pampered

MEA Energy-Based Aesthetic Devices Market

All people desire a flawless smile, even skin, and glossy hair. It might spring a surprise to know that surprised to know that averagely woman spends about $313 a month in the middle east on her appearance and men spend a lot more on beauty treatments than women.

In the world of today, looking and feeling good is not an option for people anymore, it’s a mode of living. People have started believing that it’s better to maintain one’s self throughout the youth years than to get numerous treatments done as related with age. The requirement for aesthetic devices has also seen a rise due to the need to look attractive while making online attendance.

It is a fact that the people in the Middle East dedicate nearly 60% of their budget to beauty, skincare, and makeup.

As per numerous studies conducted by the Global Wellness Institute, the Middle East and the MEA region are one of the fastest-growing medical travel destinations.

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Presently, with numerous procedures, inclinations, and benefits coming to the forefront, there is no stopping aesthetics and its business in the MEA. From surgical infra to therapies, to cosmetics to utilization of energy-based technologies, people are willing and aggressively seeking procedures which makes the beauty industry, a potential industry to initiate a business. From organic products to treatments, people look for beauty enhancement treatments, skin-whitening processes, and acquiring specialty and finest cosmetic products.

In the MEA, care for one’s body, and grooming it has at all times been a noteworthy part of the ethos. With the region’s opening to global brands, everybody is very alert to the emergent trends when it comes to cosmetics. Producers too are investing in these quickly evolving markets and numerous activities for pricing, promoting, and supply of these products are undertaken.

There is a surge in the requirement for minimally invasive along with non-invasive equipment. Treatments supporting the age reversal procedure are generally favored. Men are also trying non-invasive aesthetic procedures.

Medical and cosmetic products, as well as devices, are helping the market to boom in the MEA buyers and sellers, because of numerous benefits of providing a youthful experience, painless process, non-invasive beauty treatments, and easy skin maintenance that remain lustrous and smooth without putting in many efforts.

Due to the advancements in technology and info in branding, advertising, social media use, financial skills, and excellent clinical skills, as a business or a stockholder, the cosmetic aesthetics market is extremely profitable. It has the potential to reach a value of $189 million by 2030.

Augmented accessibility, lengthy selections of products, calibration, and control of the landscape by MNCs, are all accountable for the rise of demand for aesthetic cosmetics in the MEA.

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Why Is Single-Use NPWT Becoming Preferred Wound Care Technique?

Single-Use Negative Pressure Wound Therapy Devices

Wounds are perhaps the most-common form in which an injury is visible. They can range from minor scrapes and cuts to those that tear the flesh and expose the bone. While nothing normally needs to be done for minor wounds, the major ones don’t heal as quickly on their own. Moreover, unhealed wounds accumulate pus and ultimately become a breeding ground for microbes, which can lead to gangrene, requiring the entire affected tissue to be removed. In extreme cases, gangrene results in limb and arm amputations.

As a result of the growing awareness on the dangers of open wounds, P&S Intelligence predicts the single-use NPWT devices market revenue to reach $1,673.1 million by 2030 from $770.2 million in 2020, at an 8.1% CAGR between 2020 and 2030. This is because since the 1990s, NPWT has become a preferred advanced wound care solution, especially for long-lasting wounds. The term ‘negative pressure’ implies that unlike conventional wound healing techniques, it doesn’t press on the wound; rather pulls at it, thereby sucking out the exudate.

The system contains a suction pump, which creates a vacuum above the wound. The drop in air pressure outside sucks the pus and other fluids out of the wounds via a tube, which are then collected in a bag attached to the pump. Apart from these, the system contains sterile dressings that help attach the tube to the wound and keep the surrounding area clean and unaffected. NPWT is being widely used to treat surgical wounds, burns, lacerations, pressure ulcers, diabetic ulcers, venous ulcers, and wounds caused by carcinomas, amputations, melanomas, and other kinds of trauma.

Currently, this technique is majorly utilized for the treatment of surgical wounds because of the rising incidence of such issues. The surgery volume is skyrocketing across the globe due to an increase in the prevalence of several chronic and acute diseases, accidents, and violence. Moreover, a lot of people go for aesthetic surgeries, such as breast augmentation, which can also lead to post-surgical wounds. Similarly, the rising number of Caesarean-section births is leading to a rising incidence of post-operative wounds, thereby propelling the usage of NPWT.

In regards to single-use NPWT, it is the surging cases of hospital-acquired infections (HAIs) that are propelling their usage. As conventional variants are used on multiple patients, they can easily transmit infections from one patient to another, many of them deadly ones. The World Health Organization (WHO) says that “Of every 100 hospitalized patients at any given time, 7 in developed and 10 in developing countries will acquire at least one health care-associated infection.”. This not only leads to a high mortality burden, but it can also lead to millions in losses for healthcare settings if the allegations of negligence are proved.

Hence, North America is the largest single-use NPWT devices market in the world, because not only is its healthcare infrastructure highly advanced, but the regulations on HAI prevention are also among the strongest here. Moreover, the continent has a high incidence of chronic diseases that cause wounds on their own or as a result of surgeries. Similarly, Asia-Pacific (APAC) is embracing this technique with the increasing investments in its healthcare sector, rising burden of diseases, and an already-high incidence of burns and road accidents.

Hence, with the advancing medical sector, the adoption of single-use NPWT devices will grow.

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The Future of Precision Cardiology for Heart Health

Precision Cardiology Market

For years, cardiologists have used the age-old method of taking a patient’s history, directing a physical inspection, and formulating a treatment plan. More often than not, a patient will see a physician for the first time and be encouraged to complete a patient history. Then the nurse will take vitals, the doctor performs the examination, and then the doctor may administer tests, if more information is needed.

Traditional tests comprise imaging, radiology and bloodwork. These are basic forms of treatment, but not precision cardiology, and cardiology inspections could be suggestively improved with the use of precision medicine as opposed to traditional approaches.

The Problems with the Traditional Approach

Much attention is not given to patient histories. Physicians have price-tags on their time, and they see many patients in a short duration. So, it is unreasoned to take up that a doctor could take the suitable time necessary for creating a detailed history. The inspection is not custom-made to the individual; it is methodical and just like a template.

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How Precision Medicine Could Improve Cardiology and Other Medical Fields

Precision medicine syndicates the patient inspection with digital technology and genome mapping. Because physicians lack of time, having admittance to data through lab testing and technology stretches the worth of those 5 to 10-minute patient examinations, and offers physicians with the info they need for a more precise assessment.

• Adding Genetics into Patient History: Examining the genetics of a patient as part of the history procedure can disclose numerous qualities and unique features to each patient. Being capable of unlocking a patient’s full genome sequencing will tell a heart specialist what risks the patient has like chromosome 9p deletion, a marker for heart ailment.

• Genome Predictors: Arrhythmias and Heart attacks and are very diverse, and precision medicine with the use of genome mapping could help to predict future arrhythmia and heart attacks problems. Genes an individual’s risk factor as a substitute of their lifestyle factors. In the end, smoking or being hale and hearty is not the only forecast of heart disease; your inheritances will also command if you will suffer from issues related to the heart in the future.

• Linking Technology with Medicine: Precision medicine syndicates digital health technology with medicine. An individual could gather their heart rates all around the day, monitor BP, and even see how much activity and exercise is done by them throughout the day. This info can then be communicated to a doctor for a more precise assessment.

The integration of precision medicine into cardiology or precision cardiology s will tell a specialist what lifestyle and genetic factors put a patient at risk. Doctors no more use a pill approach for treating; instead, there is an integrative approach allowing them to identify what patients require their attention and how they can advance their patient’s health short of a prescribe-and-see technique.

It is because of the growing awareness of the early screening of cardiovascular diseases, the demand for precision cardiology is on the rise and will reach a value above $2,998 million by 2030.

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Micropropagation: Industry Analysis and Future Scope

Micropropagation Market

Micropropagation is an artificial procedure of growing plants vegetatively via tissue culture or cell culture methods. In this process of propagation, plants are formed invitro by asexual means of reproduction or by vegetative propagation.Micropropagation is an artificial procedure of growing plants vegetatively via tissue culture or cell culture methods. In this process of propagation, plants are formed invitro by asexual means of reproduction or by vegetative propagation.

Plants can be formed both asexually i.e., through vegetative parts’ multiplication, or sexually, seed making. One of the processes of asexual reproduction is by reproducing genetic replicas of plants that are raised as clonal propagation wherein plants can be inhabited by a single individual via asexual reproduction.

The advantages of making plants by micropropagation are,  the number of floras can be gained in a considerably short period and lesser area. In this way, plants can be grown throughout the year. Sterile plants can be reproduced by this technique.

For the in vivo propagation of specific plants, asexual reproduction through the development of vegetative parts is the only way, as they do not produce seeds, bananas, grapes, etc. Effective application of clonal propagation to the following is experiential: apple, potato, and several other ornate plants. Micropropagation is a growing industry and is projected to reach USD 2,711.0 million by 2030.

Propagation of Banana

Edible bananas don’t possess seeds and are conventionally grown vegetatively via suckers 10- 15 in number reliant on the variety. Therefore, a short rate of multiplication affects this technique harshly. In the past few years, tissue culture propagation of bananas via shoot tip along with floral auspices has been used to surge banana production.

The procedure includes initiation of cultures from sterilized shoot tips gotten from the parent banana plant, shooting and rooting in the test tube, principally seasoning in the laboratory, secondary seasoning in the nursery, and plating in the ground.

Benefits of Micropropagation

• Plant tissue in partial quantities is put to use for the formation of a huge number of replicas in a year using micropropagation. It would need some expenditure to generate an equivalent number of floras using ordinary plans.

• The process of micropropagation stretches a decent choice in contrast to those plant species that validate protection from practices of outmoded mass proliferation.

• Large number of plants can be reserved in smaller spaces. This supports sparing risked species and the volume of germplasm.

• The development of in- vitro frameworks should be possible any day of the year. Similarly, a nursery can make organic products, elaborate, and tree species dependably.

• Amplified harvest of plants and extended force in horticulture species is accomplished.

• Quick worldwide trade of plant material without the hazard of sickness presentation is given. The time essential for isolation is limited by this approach.

• The micropropagation process is additionally appreciated for seed creation in specific harvests as the requirement of hereditary protection to a thoughtful extent is important for seed making.

Four Stages of Micropropagation 

The method of micropropagation can be segmented into 4 stages:

• Starting stage

• Intermediate stage

• Multiplication stage

• Rooting or preplant stage

• Acclimatization

Hence, For the fast reproduction of plants, micro-propagation is a sophisticated and well-adapted method. Because of the speed of propagation, it has a great profit-making potential, and such factors will drive the Micropropagation industry in the future.

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Restorative Dentistry Market To Grow Fastest in Asia-Pacific

Restorative Dentistry Market

The total size of the restorative dentistry market was USD 15,789.2 million in 2022, and it will grow at a rate of 6.2% in the years to come, to reach USD 25,608.0 million by 2030, according to P&S Intelligence, a market research firm.

There is a considerable increase in the incidence of oral health problems globally, particularly among youngsters and the aging people recently. Caries is the most common of these conditions, missing teeth, and periodontal diseases contributing to the increasing acceptance of restorative dentistry.

Dental prosthetics will grow at a rate of about 8% in the years to come. This has a lot to do with the growing demand for dental procedures as a result of the increasing frequency of tooth decay, teeth loss, and other oral health conditions.

The implantology category dominated the restorative dentistry market, with about 50% share, in 2022, and it will grow the fastest in the years to come, due to the growing requirement for dental implants in developed nations.

Europe had the largest share of revenue of, about 45%. This is because of the increasing frequency of dental diseases, the rising geriatric population, the incidence of leading players, and the booming expenditure of the governments on dental care.

Moreover, APAC will grow the fastest because of huge patient base in India and China. Furthermore, government initiatives and the medical industry expansion are will power the market development in the near future.

Due to the growing requirement of cosmetic and dental surgeries, the demand for restorative dentistry treatments will continue to grow considerably by the end of this decade.

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Asia-Pacific Expected To Witness Boom in Agricultural Biotechnology Industry in Near Future

Agricultural Biotechnology Market

The global agricultural biotechnology market had a value of $39,565.6 million in 2020, and it is predicted to advance at a CAGR of 10.7% between 2021 and 2030. Furthermore, the market will generate a revenue of $106,870.0 million by 2030, as per the estimates of the market research company, P&S Intelligence. The market is being driven by the increasing requirement for new breeding techniques such as plant grafting, plant molecular breeding, genetic engineering, and genomic sciences.

This is due to the ballooning adoption of biotechnology for creating or modifying traits of organisms-including animals, microbes, and plants with respect to size, yield, or color. Additionally, the soaring demand for food items is propelling the expansion of the agricultural biotechnology market. As per the United Nations Department of Economic and Social Affairs, the total population across the world grew from 6.9 billion in 2010 to 7.7 billion in 2019.

Moreover, half of the world’s population growth between 2015 and 2050 is predicted to be concentrated in mainly ten countries such as China, Nigeria, India, Pakistan, the U.S., the Democratic Republic of the Congo, Ethiopia, Uganda, Indonesia, and Tanzania. The surge in the global population will push up the requirement for food products, which will, in turn, fuel the usage of advanced biotechnology tools in agricultural processes, thereby driving the expansion of the market.

Depending on technology, the agricultural biotechnology market is classified into deoxyribonucleic acid (DNA) sequencing, genome editing, synthetic biology, biochip, and ribonucleic acid interference (RNAi). Out of these, the genome editing category led the market in 2020, due to the large-scale usage of genome tools in farming processes and extensive genome research activities. Furthermore, when product is taken into consideration, the market is divided into crop protection products and transgenic seeds.

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Out of these, the crop protection products category is predicted to demonstrate the higher growth rate in the market in the coming years. This is credited to the rapid technological advancements being made in the domain of agricultural chemistry that have allowed farmers to focus heavily on effective pest management. The growing public awareness about biopesticides is fueling their adoption and also raising awareness about organic farming, which is, turn propelling the advancement of the category.

Globally, the agricultural biotechnology market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This is attributed to the fact that the APAC region offers several opportunities for genetically modified (GM) crop production, due to the surging adoption of advanced farming practices for enhancing productivity. Moreover, the developing nations of APAC are prioritizing mechanization for raising the yield and productivity of farmlands. This is positively impacting the market expansion in this region.

Hence, it can be said with confidence that the market will register huge expansion in the coming years, primarily because of the ballooning requirement for food products and higher agricultural productivity, on account of the surging population all over the world.

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Wearable Medical Devices Industry Growth, Development and Future Scope

Wearable Medical Devices Market

The World Obesity Federation predicts that over 1 billion people will be affected by obesity and nearly 2.7 billion adults will be overweight by 2025. The surging prevalence of obesity is creating extensive awareness among the masses regarding health and fitness. Additionally, private and public organizations are organizing numerous seminars and programs to raise public awareness about health and fitness. Moreover, medical device manufacturing companies are also offering dietician- and nutritionist-backed tips, suggestions, and advice to encourage the usage of wearable medical devices.

Thus, the rising fitness consciousness will help the wearable medical devices market advance at an exceptional CAGR of 18.3% during 2020–2030. The market was valued at $10.6 billion in 2019 and it is projected to generate $67.2 billion revenue by 2030. Moreover, the rising cases of chronic diseases, such as diabetes and cardiovascular diseases (CVDs), will also propel the adoption of wearable medical devices in the upcoming years. The International Diabetes Federation (IDF) forecasts that approximately 700 million people in the 20–79 age group will be living with diabetes by 2045.

In the forthcoming years, fitness trackers will be preferred over smartwatches, smart cloths, breath analyzers, hearing aids, and patches, owing to the rising public consciousness regarding the number of steps being taken, calories being burned, and their overall health condition. All the aforementioned wearable medical devices are available at pharmacies, online platforms, and hypermarkets. In recent years, online distribution channels recorded the highest sales of these products, due to the availability of a wide range of medical devices on e-commerce platforms at cost-effective rates and the provision of home delivery services and online payment options by these portals.

These distribution channels offer wearable medical devices manufactured by Mad Apparel Inc., Xiaomi Inc., Medtronic plc, Apple Inc., Samsung Electronics Co. Ltd., ZOLL Medical Corporation, Proteus Digital Health Inc., Moov Inc., Fitbit Inc., Neurotech LLC, Senseonics Holdings Inc., Garmin Ltd., and Sony Corporation. Presently, these companies are collaborating to expand their product portfolio. For instance, in November 2019, Garmin International Inc. started collaborating with SCOR Global Life to integrate the Biological Age Model BAM solution of the latter with the wearables data offered by the former.

According to P&S Intelligence, North America led the wearable medical devices market in the preceding years, due to the presence of advanced healthcare infrastructure, high prevalence of chronic diseases, and vast geriatric population in the region. For instance, the Centers for Disease Control and Prevention (CDC) estimates that over 1.6 million people in the U.S. are diagnosed with cancer each year. Additionally, the existence of several leading wearable device manufacturers and frequent product launches are also propelling the sales of these devices in the region.

In the coming years, the Asia-Pacific (APAC) region will adopt a significant number of wearable medical devices, due to the ongoing technological developments in India, China, and Japan, surging healthcare spending, soaring cases of chronic illnesses, booming geriatric population, and mounting investments being made by public and private organizations. For example, the Government of India allocated INR 64,609 crore and INR 67,112 crore to the Ministry of Health and Family Welfare in 2019–2020 and 2020–2021, respectively.

Thus, the surging consciousness among people regarding health and fitness and increasing incidence of chronic diseases will encourage the adoption of wearable medical devices worldwide.

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Biosimilars Industry Growth, Development and Future Analysis

Biosimilars Market

A number of factors such as the increasing incidence of chronic diseases, rising investments in research and development (R&D) initiatives by biopharmaceutical companies, and growing geriatric population will drive the biosimilars market at a robust CAGR, of 29.6%, during the forecast period (2019–2024). Moreover, lower price of biosimilars than reference drugs and presence of an extensive pipeline of these biological products will also catalyze the market growth. The market revenue stood at $6.0 billion in 2018 and it is projected to reach $26.7 billion by 2024.

One of the prime factors contributing to the market growth is the surging incidence of chronic diseases, such as cardiovascular diseases (CVDs) and cancer. According to the World Health Organization (WHO), 2.26 million, 2.21 million, 1.93 million, 1.41 million, 1.20 million, and 1.09 million new cases of breast cancer, lung cancer, colon and rectum cancer, prostate cancer, skin (non-melanoma) cancer, and stomach cancer, respectively, will be recorded across the world in 2020. The WHO also estimates that approximately 17.9 million global deaths occur due to CVDs annually.

At present, companies operating in the biosimilars market are engaging in product launches to march ahead in the competition. For instance, in 2018, adalimumab was launched in the European market by Samsung Bioepis, Sandoz International GmbH, Mylan N.V., and Amgen Inc. These companies aim to launch this product in the U.S. market by 2023. Additionally, the market players are also focusing on partnerships and collaborations to consolidate their position. For example, in June 2018, Biocon India Private Limited collaborated with Sandoz International GmbH to develop, manufacture, and market next-generation biosimilars, such as Etanercept.

The product segment of the biosimilars market is classified into recombinant glycosylated proteins, recombinant non-glycosylated proteins, and recombinant peptides. Under this segment, the recombinant glycosylated proteins category generated the highest revenue in 2018, due to the less complexity, high stability, and smooth approval process of such biosimilars. This category is further classified into follitropin, monoclonal antibodies (mAbs), and erythropoietin (EPO). Among these, the mAbs category is expected to hold the largest market share in coming years, due to the surging usage of such biosimilars in treating cancer and diabetes.

Furthermore, the categories under the indication segment of the biosimilars market include rheumatology, oncology, infectious diseases, chronic diseases, auto-immune diseases, blood-related disorders, growth hormone deficiency (GHD), and others. Under this segment, the oncology category accounted for the largest market share in 2018, owing to the soaring cases of cancer worldwide. As per the WHO, cancer will cause approximately 10 million global deaths in 2020. The organization further estimates that lung cancer, colon and rectum cancer, and liver cancer will be the leading causes of death worldwide, accounting for 1.80 million, 935,000, and 830,000 deaths, respectively, in 2020.

According to P&S Intelligence, the European biosimilars market generated the highest revenue in 2018, due to the burgeoning aging population and mounting investments being made by the biopharmaceutical companies in R&D activities. For instance, the WHO forecasts that the number of individuals aged 85 years and over in Europe will rise from 19 million in 2020 to 40 million by 2050. Besides, the presence of a flexible regulatory framework will also fuel the demand for biosimilars in the region.

Therefore, the soaring cases of cancer and CVDs will facilitate the demand for biosimilars in the forthcoming years.

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