Healthcarenews

Blood processing devices and consumables are used in the collection, separation, and storage of blood and its components, such as red blood cells, platelets, plasma, and white blood cells. These include bags and tubes for collection, centrifuges, freezers, and refrigerators for storage of blood and its components for transfusion. Market Dynamics: The Blood Processing Devices and Consumables Market is expected to witness significant growth over the forecast period owing to rising blood donation activities and increasing number of blood disorders across the globe. According to the World Health Organization, around 118.4 million blood donations are collected worldwide from voluntary unpaid donors in 2020. This rising donation has increased the demand for safe blood storage and handling, thereby propelling the market growth. Furthermore, growing incidences of blood disorders such as anemia, blood cancer, and bleeding disorders are also fueling the market growth. For instance, according to...

Clinical laboratory services play a vital role in diagnosis, treatment, and prevention of disease. Laboratories provide a range of tests and services such as blood tests, urine analysis, genetic testing, culture tests, pathology tests, and more to assist physicians in determining appropriate treatment plans for patients. The rising prevalence of chronic and infectious diseases has increased the demand for accurate and timely diagnosis through clinical laboratory tests. The global Clinical Laboratory Services Market is estimated to be valued at US$ 255.5 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand is primarily driven by the growing geriatric population and rising awareness regarding early disease diagnosis. As per the United Nations data, the share of global population aged 60 years or above is expected to nearly double from 1...

  Antipsychotic drugs help manage symptoms of psychosis associated with mental disorders such as schizophrenia and bipolar disorder. These drugs aim to restore normal thinking and behaviors. Market Dynamics:   The rising incidence of mental disorders such as schizophrenia and bipolar disorder globally is expected to drive the growth of the antipsychotic drugs market. According to the National Institute of Mental Health, about 1% of U.S. adults aged 18-54 years suffer from schizophrenia annually. Moreover, the increasing adoption of atypical antipsychotic drugs for treating schizophrenia, bipolar disorder, Alzheimer's disease, and depression over conventional antipsychotic drugs is also expected to fuel the market growth during the forecast period. These atypical drugs have lesser side effects as compared to conventional antipsychotic drugs.   Increasing prevalence of psychiatric disorders is driving the growth of antipsychotic drugs market   The increas...

  Actinic keratosis (AK) or solar keratosis is a rough, scaly patch that develops on the skin as a result of damage from ultraviolet radiation from the sun or indoor tanning beds. If left untreated, actinic keratosis may transform into squamous cell carcinoma. Treatment options for AK include topical medicines, cryotherapy, photodynamic therapy, and surgery. Market Dynamics: Increasing cases of skin cancer owing to prolonged exposure to ultraviolet (UV) radiation is expected to drive the growth of the actinic keratosis market during the forecast period. According to the Skin Cancer Foundation, over 5 million cases of basal cell carcinoma (BCC) and squamous cell carcinoma (SCC) are diagnosed in the United States each year. Early diagnosis and treatment of actinic keratosis is crucial in preventing skin cancer. Additionally, increasing awareness about skin cancer has prompted people to seek proper medical treatment and consult dermatologists in case of AK lesions, thereby fueling th...

Healthcare cloud computing refers to the on-demand delivery of computing resources and data storage services through the internet on a pay-as-you-go pricing model. This allows healthcare organizations to access and store patient records, imaging data, and other healthcare services remotely. Market Dynamics: Growing need to reduce healthcare IT costs and focus on core competencies in the healthcare industry is expected to drive the healthcare cloud computing market growth over the forecast period. Cloud computing offers healthcare organizations pay-as-you-go pricing model which helps eliminate upfront hardware and software costs. This lowers the overall IT expenses and improve operational efficiency. Furthermore, increasing adoption of electronic health records (EHR) and other healthcare IT solutions across providers is another factor augmenting the market growth. As per the Health IT Dashboard 2022, around 96% of hospitals and over 84% of office-based physicians have adopted certi...

Oxytocic pharmaceuticals are drugs administered during childbirth to induce or strengthen contractions of the uterus and help deliver the baby. They are commonly used during labor induction and cervical ripening. Market Dynamics: The oxytocic pharmaceuticals market is expected to witness significant growth over the forecast period owing to rising concerns regarding maternal and fetal health. Labor induction plays an important role in reducing the risk of complications associated with prolonged pregnancy. Additionally, changing lifestyles and increasing caesarean section rates globally have led to a rise in preterm births, promoting the need for safe and effective labor induction drugs. Furthermore, growing initiatives by governments and NGOs to improve maternal healthcare infrastructure in developing nations are also expected to boost market growth during the forecast period. Rising Global Birth Rates Driving Demand for Oxytocic Pharmaceuticals One of the major market drivers for the ...

  Bovine plasma contains proteins that are used to manufacture life-saving medications. It is a byproduct of beef industry collected from licensed slaughterhouses. The proteins found in bovine plasma are used to develop therapies for immune deficiencies, bleeding disorders, and other medical conditions. Market Dynamics: Bovine plasma market is driven by rising demand for plasma derived proteins.Plasma proteins play a vital role in various therapeutic areas due to their unique biochemical properties and physiological functions. Growing use of plasma proteins in various biopharmaceutical applications such as immune globulins, thrombin, factor VIII, albumin and others is expected to boost the bovine plasma market growth over the forecast period. Moreover, investments by key players for expanding plasma derived therapeutics production is also expected to fuel the market growth during 2023-2030. Increasing Demand for Plasma Derived Products from Pharmaceutical Industry The global bovine...

The medical devices reimbursement market deals with reimbursements for a variety of medical devices ranging from surgical devices, cardiac devices, orthopedic devices and many others that enhance patient care. Reimbursements enable patients to avail advanced medical treatments without significant financial burden. Market Dynamics: Reimbursements play a crucial role in enabling access to advanced medical treatments that rely on innovative medical devices. Two major drivers influencing the medical devices reimbursement market are: First, mounting healthcare costs have prompted governments and private payers across countries to implement favorable reimbursement policies to enhance availability of newer medical technologies. This is expected to boost the market during the forecast period. Second, an aging global population vulnerable to complex health conditions will subsequently drive demand for state-of-the-art medical devices and fueled by adequate reimbursements. Furthermore, the need...

Surgical sinks are specialized sinks used in operating rooms, surgical centers, clinics, and other medical settings for handwashing and disposing of waste. They come equipped with features like integrated soap dispensers and drying stations to maintain sterility. Market Dynamics: The surgical sinks market is expected to grow significantly during the forecast period owing to the increasing number of hospitals and healthcare facilities globally. According to the American Hospital Association, the number of registered hospitals in the United States grew from 5,021 in 2014 to 5,198 in 2020. Furthermore, the focus on infection control and prevention in healthcare settings is also expected to promote the adoption of specialized sinks like surgical sinks that reduce the risk of contamination.Surgical sinks often have ergonomic designs, antimicrobial surfaces, elbow- or foot-operated taps, and other features that reduce contact with surfaces and increase hygiene compliance among medical profe...

The home healthcare industry in the United States has grown significantly in recent years as an alternative to expensive hospital stays or nursing home care. Reimbursement for home-based primary, skilled nursing, rehabilitation and hospice care through Medicare and Medicaid has contributed to greater access to these services. The global U.S. Home Healthcare Market is estimated to be valued at US$ 25.5 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Some of the main players operating in this market include Medline Industries Inc., Medtronic Plc, 3M Healthcare, Baxter International Inc., B. Braun Melsungen AG, Hoffman-La Roche AG, and Nxstage Medical (Fresenius Medical Care). These suppliers offer an extensive range of medical devices, equipment and services to support patients receiving care at home. Market trends: Demand for home healthcare is being driven higher by ...

The prosthetics and orthotics market offers growth opportunities for medical device companies. Prosthetics and orthotics are medical devices used to replace or support missing or defective body parts. This growing industry aims to help amputees and those with mobility issues improve their quality of life. The global prosthetics and orthotics market is estimated to be valued at US$7,186.3 million in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period of 2024 to 2031. The market continues to expand as the global population ages and medical technology advances. Prosthetics and orthotics provide mobility solutions for those affected by injury, illness or congenital conditions. Their development presents business opportunities for innovation and customization. Major players in the global prosthetics and orthotics market include Ossur, Steeper Group, Blatchford, Inc., Fillauer LLC, Ottobock, and WillowWood Global LLC, among others. These companies focus on product in...

Medical billing outsourcing involves outsourcing revenue cycle management processes like claims processing, payment posting, appeals, and follow-up to specialized third-party vendors. This allows healthcare providers to avoid maintaining in-house billing teams and infrastructure, improving cash flow and profitability. The global Medical Billing Outsourcing Market is estimated to be valued at US$ 18.02 Billion in 2024 and is expected to exhibit a CAGR of 20% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Trends                                                 Key trends driving the medical billing outsourcing market include increased adoption of cloud-based and SaaS billing plat...

The global health insurance market is estimated to be valued at $2606.72 million in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period of 2024 to 2031, according to a new report by Coherent Market Insights. The market for health insurance continues to expand significantly on a global scale, driven predominantly by escalating medical costs and the increasing prevalence of chronic diseases worldwide. Alongside its core functions of indemnifying policyholders for healthcare expenditures, insurance is also beginning to play a more active role in coordinating care delivery and improving health outcomes. Competitive Landscape The global health insurance market includes several major players such as Aetna Inc., AIA Group Limited, Allianz, Assicurazioni Generali S.P.A., AVIVA, AXA, CIGNA, Ping an Insurance, and UnitedHealth Group Inc. These top insurers compete based on product innovation, customer service, and breadth of coverage networks. Market Trends A few emer...

 Aromatherapy utilizes aromatic essential oils extracted from plants to improve psychological and physical well-being. Oils are extracted using different techniques including cold pressing, steam distillation, absolute extraction, and resin extraction and are used for therapeutic purposes like stress and anxiety relief, improved sleep, reduced pain, and skin and wound care. The global aromatherapy market is estimated to be valued at US$ 6.39 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing consumer preference for natural remedies is expected to drive growth of the aromatherapy market over the forecast period. More than half of the adult population in developed countries are inclined towards the use of natural remedies for conditions such as anxiety, stress, depression and improving sleep quality. Consumers are shifting from synthetic dr...

  Hip replacement implants are orthopedic surgical devices used to replace the functionality of a damaged or diseased hip joint. These implants provide patients with long-term pain relief and restore their natural range of motion. The increasing incidence of hip injuries, fractures, and arthritis coupled with the rising elderly population has accelerated the demand for hip replacement procedures. The global Hip Replacement Market is estimated to be valued at US$ 7.0 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing prevalence of hip injuries is one of the major trends driving the growth of the hip replacement market. Hip injuries and fractures have become more common due to a rise in lifestyle diseases, sedentary routines, and obesity rates across the world. As per data by the American Academy of Orthopaedic Surgeons, about 4 millio...