#Tissue Diagnostics Market Industry

[industrynewsupdates]

Tissue Diagnostics Market Business Growth, Opportunities and Forecast, 2030

The global tissue diagnostics market size was estimated at USD 5.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.15% from 2023 to 2030.

Tissue diagnostics remains a gold standard for cancer diagnosis as these technologies capture the anatomy of tumors. With rising incidences of cancer, the tissue diagnostics industry witnesses high demand with significant growth opportunities over the forecast period. The impact of COVID-19 on the tissue diagnostics industry has been significant. During the pandemic, there was a slowdown in routine medical procedures, including diagnostic testing, as healthcare resources were redirected toward managing the virus.

Gather more insights about the market drivers, restrains and growth of the Tissue Diagnostics Market

The pandemic led to a temporary decline in the demand for tissue diagnostics products and services. However, as the situation improved and healthcare systems adapted to the new normal, the market began to recover. The need for accurate diagnosis and monitoring of various diseases, including cancer, remained high, driving the demand for tissue diagnostics in the post-pandemic period.

Cancer incidences are increasing dramatically, which has caused a paradigm change in anatomic pathology. This, in turn, is contributing to the clinical pathology field's continued growth. Digitalization of diagnosis methods, increased use of liquid biopsy for cancer detection, and a continuous convergence of anatomical and molecular pathology. The importance of integrated bioinformatics and analyses increases as computational pathology gains momentum. Over the past two decades, the tissue diagnostics industry has changed as more advanced equipment has become available, making life easier for pathologists and physicians.

For instance, in May 2021, to increase the availability of precision medication for lung cancer, QIAGEN released its first FDA-approved tissue companion diagnostic to detect the KRAS G12C mutation in NSCLC tumors. The Rotor-Gene Q MDx instrument, a part of the modular QIAsymphony family of automation solutions, is used with the real-time qualitative PCR kit. This tool builds on QIAGEN's nine years of experience in researching and marketing KRAS CDx tests.

Globally, more than 14 million individuals are diagnosed with cancer each year, and by 2030, that figure is projected to increase to more than 21 million. Major market participants are introducing new cancer diagnosis products. For instance, Roche introduced its innovative BenchMark ULTRA PLUS system for cancer diagnostics in June 2022, enabling prompt, precise patient care. Pathologists can deliver high-quality, time-sensitive results to doctors and patients due to the BenchMark ULTRA PLUS tissue staining system's improved workflow, testing efficiency, and environmentally sustainable features.

Considering the rising worldwide cancer burden, various technologies, and improvements in tissue diagnostics (TDx) will increase pathology efficiency, which is essential for better cancer therapy and diagnosis. For example, Ibex Medical Analytics, the industry pioneer in AI-powered cancer diagnoses, and Alverno Laboratories announced a new deal in March 2023. It aims to expand the implementation of Ibex's Galen suite of Artificial Intelligence solutions to the entire Alverno network across Indiana and Illinois. The deployment comprises AI-powered solutions for cancer diagnosis across numerous tissue types and will help Alverno pathologists in providing the highest quality care for their patients.

A rise in the adoption rate of automated tissue-based diagnostic systems by research institutes enables them to diagnose tumors faster. In January 2023, MilliporeSigma announced its plans to expand its portfolio of antibodies for tissue diagnostics to help improve the classification of gliomas and other tumors in the nervous systems. Such R&D investments will ensure the market continues to grow.

Tissue Diagnostic Market Segmentation

Grand View Research has segmented the global tissue diagnostics market report based on technology, application, end-use, and region:

Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Immunohistochemistry

o Instruments

o Slide Staining Systems

o Tissue Microarrays

o Tissue Processing Systems

o Slide Scanners

o Other Products

o Consumables

o Antibodies

o Reagents

o Kits

• In Situ Hybridization

o Instruments

o Consumables

o Software

• Primary & Special Staining

• Digital Pathology and Workflow

o Whole Slide Imaging

o Image Analysis Informatics

o Information Management System Storage & Communication

• Anatomic Pathology

o Instruments

o Microtomes & Cryostat Microtomes

o Tissue Processors

o Automatic Strainers

o Other Products

o Consumables

o Reagents & Antibodies

o Probes & Kits

o Others

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Breast Cancer

• Non-small Cell Lung Cancer

• Prostate Cancer

• Gastric Cancer

• Other Cancers

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Research Laboratories

• Pharmaceutical Organizations

• Contract Research Organizations (CROs)

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o Spain

o France

o Italy

o Denmark

o Sweden

o Norway

• Asia Pacific

o Japan

o China

o India

o South Korea

o Singapore

o Australia

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.

• The global hematologic malignancies market size was valued at USD 67.23 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030.

• The global precision diagnostics market size was estimated at USD 15.60 billion in 2023 and is projected to grow at a CAGR of 18.4% from 2024 to 2030.

Key Companies & Market Share Insights

The tissue diagnostics market is fragmented due to the presence of several medium-to-small and large participants in the marketspace. The advent of novel diagnostic models by key players to enhance their technology portfolio has raised competitiveness in the market. For instance, in June 2022, Roche announced the launch of VENTANA DP 600 - the next-generation slide scanner. This high-capacity slide scanner provides the pathology lab with workflow flexibility and ease of use while producing stained histology slides with exceptional image quality from tissue samples. Some prominent players in the global tissue diagnostics market include:

• F. Hoffmann-La Roche Ltd.

• Abbott Laboratories

• Thermo Fisher Scientific Inc.

• Siemens

• Danaher

• bioMérieux SA

• QIAGEN

• BD

• Merck KGaA

• GE Healthcare

• BioGenex

• Cell Signaling Technology, Inc.

• Bio SB

• DiaGenic ASA

• Agilent Technologies

Order a free sample PDF of the Tissue Diagnostics Market Intelligence Study, published by Grand View Research.

[bishtmeenakshi]

3 Key Insights on US$ 15 Bn Opportunity in the Global Stem Cell Banking Market - Ken Research

Driven By the increasing prevalence of infectious diseases and rising individuals’ awareness regarding the therapeutic potentials of stem cells, the Global Stem Cell Banking Market is forecasted to Cross US$ 15 Bn by 2028 says Ken Research Study.

Stem Cell Banking is the collection and cryogenic storage of stem cells from a newborn infant's umbilical cord blood and tissue which can be further used in cell treatments or clinical trials. It has the potential to treat a wide range of diseases, as well as the ability to mortgage stem cells from multiple family members and use an individual’s own stem cells (autologous transplant). Furthermore, individuals with spinal cord injuries, type 1 diabetes, Parkinson's disease, amyotrophic lateral sclerosis, Alzheimer's disease, heart disease, stroke, burns, cancer, and osteoarthritis may also benefit from stem cell therapies.

“Ken Research shares 3 key insights on this high opportunity market from its latest research study”

Stem Cell Banking Market Continues to Grow Owing to The Growing Newborn Population Worldwide.

The Global Stem Cell Banking Market is expected to witness stable growth during the forecast period, owing to the increasing newborn population, and rising individuals’ awareness regarding the therapeutic potentials of stem cells. The global stem cell banking market was valued at ~US$ 4 billion in 2017, it is estimated to be ~US$ 7 billion in 2022 and is expected to reach a market size of ~US$ 15 billion by 2028 growing with a CAGR of ~12%.

North America is the dominating region in the Global Stem Cell Banking Market due to the increasing incidence rates of diseases, such as cancer, neurological disorders, and diabetes. Furthermore, the growing government initiatives and investments in stem cell therapies are contributing to the region's growth in stem cell banking.

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The Rising Prevalence of fatal Chronic Diseases, Such as Cancer, Cardiovascular Diseases, Neurological Disorders, Immunological Disorders, and Other Rare Metabolic Diseases is Propelling the Market Growth of Stem Cell Banking.

The growing geriatric population worldwide, who are more exposed to chronic and infectious diseases, including immunological disorders is propelling the stem cell banking market. In addition, the increasing prevalence of cancer, cardiovascular diseases, and autoimmune diseases, such as type 1 diabetes, and nephrological diseases is widening the use of stem cells as a potential treatment option.

For instance, according to Scientific American, an American science magazine that covers science, health, and social justice issues, several autoimmune diseases affected nearly 4.5% of the world's population in 2021.

According to the World Health Organization (WHO), a United Nations agency responsible for global public health, nearly 18 million people die every year as a result of cardiovascular diseases.

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High Operational Cost Associated with Stem Cell Banking, along with the stringent regulatory Frameworks May Impede the Market Growth of Stem Cell Banking.

Stem cell therapies have grown in popularity in recent years as individuals seek out alternative treatments for a variety of chronic diseases. Every day, new types of therapies are introduced, and individuals from all over the world are turning to them in place of traditional drug treatments and hospital visits. Despite the significant increase in demand for stem cell therapies, they remain prohibitively expensive to pursue. Simple joint injections cost close to US$ 5000, and more advanced treatments cost up to US$ 100,000, depending on the condition.

Furthermore, the stem cell field remains highly specialized and has yet to be adopted by citizens or insurance companies. Additionally, the field is further limited by older laws in some countries, most notably the United States. That means that there are relatively few sources for stem cells, and labs equipped to perform stem cells.

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Key Topics Covered in the Report

Snapshot of the Global Stem Cell Banking Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Stem Cell Banking Market

Historic Growth of the Overall Global Stem Cell Banking Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Stem Cell Banking Industry

Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors

Covid-19 Impact on the Overall Global Stem Cell Banking Market

Future Market Forecast and Growth Rates of the Total Global Stem Cell Banking Market and by Segments

Market Size of Source, Service Type, Application, Cell Type Segments with Historical CAGR and Future Forecasts

Analysis of the Global Stem Cell Banking Market

Major Production/Supply and Consumption/Demand Hubs within Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

CBR Systems, Inc.

Cryo-Cell International, Inc.

ViaCord

Sartorius AG

StemCyte, Inc.

Smart Cells International Limited

Global Cord Blood Corporation

Vita 34

LifeCell International Pvt. Ltd

Cordlife Group Limited

Notable Emerging Companies Mentioned in the Report

CyroHoldco

Generate Life Sciences Inc.

Hope Biosciences

Cell Care

ReeLabs Pvt. Ltd.

BrainStorm Cell Therapeutics, Inc.

CellSave a CSG-BIO Company, Inc.

Bristol-Myers Squibb Company

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Stem Cell Banking Companies

Biopharmaceuticals Companies

Cord Blood Banks

Machinery and Equipment Suppliers for Stem Cell Banking

Cryogenic Healthcare Equipment Manufacturers

Biotechnology - Therapeutics and Diagnostics Companies

Pharmaceutical Companies

World Marrow Donor Association

Cord Blood Association

The International Stem Cell Banking Initiative (ISCBI) – PubMed

Healthcare Research Institutes

Healthcare Technology Research Institutes

Healthcare Technology Regulatory Authorities

Government Ministries and Departments of Healthcare

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

Global Stem Cell Banking Market

Related Reports By Ken Research: -

Global Stem Cell Banking Market Outlook to 2028

[healthcare-domain]

According to the new market research report “Tissue Diagnostics Market by Product (Antibodies, Kits, Slide Staining System, Tissue Processing System), Technology(ISH, IHC, Special Staining), Disease(Breast Cancer, NSCLC, Lymphoma), End User (Hospitals, Research Laboratories) - Global Forecast to 2027”, published by MarketsandMarkets™, the Tissue Diagnostics Market is expected to reach USD 7.3 billion by 2027 from USD 5.3 billion in 2022, at a CAGR of 6.6% during the forecast period.

[health-views-updates]

Artificial Intelligence in Breast Imaging Market 2024-Global Industry Analysis, by Key Players, Segmentation, Trends and Forecast by 2032

The global artificial intelligence in breast imaging market is experiencing rapid growth, with its value estimated at USD 423.9 million in 2023 and expected to surge to USD 1.89 billion by 2032. With a projected compound annual growth rate (CAGR) of 16.1% over the forecast period from 2024 to 2032, AI-driven innovations are set to revolutionize breast cancer detection and diagnosis.

Breast imaging is a crucial component of breast cancer diagnosis and management, and AI-powered technologies are playing an increasingly significant role in enhancing the accuracy, speed, and efficiency of this process. The adoption of AI in breast imaging helps radiologists identify potential abnormalities, including cancers, at earlier stages, thereby improving patient outcomes and reducing the number of unnecessary biopsies.

Key Drivers of Market Growth

Increasing Incidence of Breast Cancer: The rising global incidence of breast cancer is one of the primary drivers for the adoption of AI in breast imaging. According to the World Health Organization (WHO), breast cancer is the most prevalent cancer among women worldwide. The demand for advanced diagnostic tools to detect cancer early and accurately is fueling the development and implementation of AI-based imaging solutions. These technologies can analyze mammograms, ultrasounds, and MRI scans with greater precision, aiding in early detection and personalized treatment planning.

Advancements in AI and Machine Learning: AI and machine learning (ML) algorithms are transforming breast imaging by offering unparalleled accuracy in detecting even subtle abnormalities that may go unnoticed by human radiologists. AI-driven tools have the potential to reduce false-positive and false-negative results, minimize diagnostic errors, and streamline the workflow of radiologists. By enhancing diagnostic confidence, these technologies help reduce the workload for healthcare professionals, while improving patient care.

Growing Adoption of Personalized Medicine: The push towards personalized medicine in cancer care has bolstered the demand for AI-based breast imaging solutions. AI tools can analyze vast datasets from imaging, clinical history, and genomics, providing individualized risk assessments and treatment options. This ability to personalize care based on unique patient characteristics is expected to drive further adoption of AI in breast imaging over the coming years.

Integration with Advanced Imaging Modalities: AI is being increasingly integrated with advanced imaging technologies such as 3D mammography (tomosynthesis), ultrasound, and magnetic resonance imaging (MRI). These integrated AI tools provide a more comprehensive analysis of breast tissue, allowing for better lesion characterization and improving diagnostic accuracy. AI-driven software can process high volumes of imaging data quickly, leading to faster diagnosis and treatment planning, which is crucial for improving patient outcomes in breast cancer management.

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Challenges and Opportunities

While the benefits of AI in breast imaging are clear, challenges remain. The high cost of AI-based systems, coupled with the need for specialized training for radiologists to interpret AI-assisted results, may hinder adoption, particularly in low-resource healthcare settings. Additionally, there are concerns related to data privacy, regulatory approvals, and the integration of AI systems into existing healthcare infrastructures.

However, these challenges are creating opportunities for continued innovation. Ongoing research into AI algorithms, coupled with collaborations between healthcare providers, AI developers, and regulatory bodies, is expected to streamline the approval process and enhance the scalability of AI-based breast imaging solutions. As AI technology matures, cost-effective solutions tailored to various healthcare settings are anticipated to emerge.

Regional Insights

North America is expected to dominate the AI in breast imaging market, driven by high healthcare spending, a strong focus on early cancer detection, and the presence of leading AI technology developers. Europe follows closely, with increasing government initiatives to promote cancer screening and AI integration into healthcare systems.

The Asia-Pacific region is forecast to witness the highest growth during the forecast period, due to the rising incidence of breast cancer, expanding healthcare infrastructure, and growing investments in medical technology across countries like China, Japan, and India.

Future Outlook

The future of breast cancer diagnosis is becoming increasingly dependent on AI-driven innovations. With growing awareness about the importance of early detection, the demand for AI-powered breast imaging tools will continue to rise. These technologies promise to reduce diagnostic errors, enhance patient outcomes, and streamline radiology workflows.

As the market continues its upward trajectory, AI in breast imaging is expected to grow at a CAGR of 16.1%, reaching a valuation of USD 1.89 billion by 2032. Advances in AI algorithms, integration with imaging modalities, and a stronger focus on personalized medicine are set to reshape breast cancer diagnosis and care.

In conclusion, the AI in breast imaging market is poised for significant growth, transforming the landscape of breast cancer detection and improving patient care globally.

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[credenceresearchdotblog]

The In Vivo Imaging Market is projected to grow from USD 2915 million in 2024 to an estimated USD 3880.233 million by 2032, with a compound annual growth rate (CAGR) of 3.64% from 2024 to 2032.The in vivo imaging market is a dynamic and rapidly expanding sector in the healthcare industry, playing a pivotal role in preclinical and clinical research. In vivo imaging refers to the visualization of biological processes and structures within a living organism. This technology is instrumental in understanding disease progression, evaluating therapeutic efficacy, and accelerating drug development. The demand for non-invasive, high-resolution, and real-time imaging solutions is propelling the growth of this market across the globe. This article explores the key drivers, technologies, and trends shaping the in vivo imaging market.

Browse the full report at https://www.credenceresearch.com/report/in-vivo-imaging-market

Key Market Drivers

1. Growing Preclinical Research and Drug Development: In vivo imaging techniques have become a cornerstone in preclinical research, particularly in the pharmaceutical and biotechnology sectors. As the demand for new drug development and personalized medicine increases, researchers rely on imaging technologies to visualize the biological effects of therapeutic candidates in real-time. This accelerates the drug development pipeline by providing critical data on safety, efficacy, and pharmacokinetics.

2. Advances in Molecular Imaging: Molecular imaging technologies, such as positron emission tomography (PET), single-photon emission computed tomography (SPECT), and optical imaging, are increasingly being used to study biological pathways at the molecular and cellular levels. These advancements enable researchers to detect diseases earlier, monitor treatment responses, and even predict outcomes in preclinical models. The precision offered by these tools has further driven their adoption in research institutions and pharmaceutical companies.

3. Rising Prevalence of Chronic Diseases: The increasing global incidence of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders has underscored the need for effective diagnostic and therapeutic monitoring tools. In vivo imaging systems are critical in detecting tumors, assessing cardiovascular health, and tracking neurological changes in conditions like Alzheimer's and Parkinson's disease. This surge in chronic diseases directly boosts the demand for advanced imaging solutions.

4. Technological Innovations: Significant strides in imaging technologies have been made in recent years. Innovations such as hybrid imaging systems (e.g., PET-CT and PET-MRI), which combine different imaging modalities, have enhanced image resolution, accuracy, and functional data acquisition. These technologies offer a more comprehensive understanding of biological processes, helping clinicians make better-informed decisions.

5. Increased Government and Private Funding: Government and private sector investments in healthcare research and innovation are providing significant financial support to the in vivo imaging market. Research initiatives focusing on cancer, cardiovascular diseases, and other critical health concerns are leading to increased utilization of advanced imaging technologies.

Types of In Vivo Imaging Technologies

1. Magnetic Resonance Imaging (MRI): MRI is one of the most commonly used in vivo imaging techniques due to its ability to generate high-resolution images of soft tissues. It is particularly useful in neurology and cardiology research for imaging the brain, heart, and vascular structures.

2. Positron Emission Tomography (PET): PET imaging is crucial for studying metabolic processes and is widely used in cancer research and neurology. It allows for the real-time assessment of cellular and molecular activity, providing valuable data on tumor metabolism and brain function.

3. Optical Imaging: Optical imaging techniques such as bioluminescence and fluorescence imaging are extensively used in preclinical studies. These non-invasive methods are ideal for monitoring gene expression, protein-protein interactions, and tracking disease progression in animal models.

4. Computed Tomography (CT): CT scanning provides detailed cross-sectional images of bones, organs, and tissues, making it an important tool for studying skeletal structures, lung diseases, and cardiovascular conditions in animal models.

5. Ultrasound Imaging: Ultrasound is widely used in cardiovascular and obstetric research for real-time imaging of blood flow, heart function, and fetal development. It is favored for its non-invasive nature and cost-effectiveness.

Challenges Facing the In Vivo Imaging Market

Despite its rapid growth, the in vivo imaging market faces several challenges. High costs associated with advanced imaging systems, the need for specialized training to operate complex technologies, and ethical concerns regarding animal research are some of the major hurdles. Additionally, integrating these imaging technologies into clinical practice remains a significant challenge, particularly in low-resource settings where access to advanced equipment is limited.

Market Trends and Future Outlook

The future of the in vivo imaging market is promising, with several key trends emerging:

1. Artificial Intelligence (AI) Integration: AI-powered imaging systems are becoming increasingly popular for automating image analysis and improving diagnostic accuracy. Machine learning algorithms are enabling researchers to extract more information from imaging data, leading to better predictive models and personalized treatment plans.

2. Expansion of Optical and Hybrid Imaging: The integration of optical imaging with other modalities like MRI and PET is expected to continue, offering improved sensitivity and resolution for preclinical research. This trend is likely to expand the applications of imaging technologies beyond oncology and neurology into fields like immunology and infectious diseases.

3. Increased Adoption of Imaging in Drug Development: As pharmaceutical companies continue to adopt imaging for drug discovery and development, the market is poised to see increased demand. Imaging will play an increasingly important role in evaluating drug safety and efficacy, reducing the time and cost associated with clinical trials.

Key Player Analysis:

Aspect Imaging Ltd. (Israel)

Biospace Lab (France)

Bruker (U.S.)

CMR Naviscan (U.S.)

FUJIFILM Holdings America Corporation (Canada)

General Electric (U.S.)

Guerbet (France)

Hitachi, Ltd. (Japan)

Koninklijke Philips N.V (Netherlands)

LI-COR, Inc. (U.S.)

Mediso Ltd. (U.S.)

MILabs B.V. (Netherlands)

Miltenyi Biotec (Germany)

MR Solutions (U.K.)

PerkinElmer Inc. (U.S.)

SCANCO Medical AG (Switzerland)

Siemens (Germany)

Takara Bio Inc. (Japan)

Trifoil Imaging (U.S.)

Segmentation:

By Modality:

Optical imaging,

Nuclear imaging,

Magnetic resonance imaging (MRI),

Ultrasound,

Others

By Reagents:

Bioluminescent and fluorescent labels,

Radioisotopes,

Nanoparticles,

Others

By Technique:

Radiography,

Optical imaging,

Magnetic resonance imaging,

Others

 By End User:

Hospitals and clinics,

Research institutions,

Pharmaceutical and biotechnology companies,

Others

By Region

North America

The U.S

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/in-vivo-imaging-market

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[mordorintelligencemarketresearch]

Understanding the Idiopathic Pulmonary Fibrosis (IPF) Market: Growth, Challenges, and Innovations 

Idiopathic Pulmonary Fibrosis (IPF) is a progressive and life-threatening lung disease characterized by the scarring of lung tissue, making breathing increasingly difficult. The Idiopathic Pulmonary Fibrosis market is experiencing steady growth, driven by advancements in drug therapies, increased awareness, and funding for research and development. According to market research, the IPF market size is projected to reach USD 4.60 billion in 2024 and is expected to grow to USD 6.43 billion by 2029, with a CAGR of 6.95% over the forecast period (2024-2029). This expansion reflects the increasing demand for innovative treatments and improved diagnostic capabilities. 

Market Overview 

The rising incidence of IPF, particularly among people over 50, is a key factor driving the growth of the market. With improved diagnostics and a better understanding of the disease, healthcare providers are diagnosing IPF earlier, leading to a surge in demand for effective treatment options. 

Key Market Drivers: 

Growing Disease Prevalence: As the global population ages, the number of people diagnosed with IPF is rising, creating a growing need for advanced therapies. 

Advanced Diagnostic Tools: Innovations in imaging technologies and the use of biomarkers have enabled early and more accurate diagnoses, which is crucial for effective treatment. 

Drug Therapies and Approvals: The approval of antifibrotic drugs like pirfenidone and nintedanib has revolutionized IPF treatment, helping to slow the progression of the disease and improve patient outcomes. 

Challenges in the IPF Market 

Despite significant advancements, the IPF market still faces several hurdles: 

High Treatment Costs: The high cost of antifibrotic therapies can place a heavy financial burden on patients, particularly in regions with limited access to affordable healthcare. 

Limited Treatment Options: While existing treatments can slow disease progression, they are not curative, highlighting the unmet need for more effective drugs. 

Side Effects: Current medications often come with side effects, affecting patients' adherence to long-term treatment plans. Balancing efficacy with tolerability remains a key challenge for drug developers. 

Regional Insights 

North America holds the largest share of the Idiopathic Pulmonary Fibrosis market, thanks to advanced healthcare infrastructure and early adoption of new treatments. 

Europe follows closely behind, supported by growing government initiatives, robust healthcare systems, and increased R&D funding. 

The Asia-Pacific region is anticipated to witness rapid growth, fueled by rising healthcare expenditures and greater focus on the treatment of rare diseases such as IPF. 

Conclusion 

The Idiopathic Pulmonary Fibrosis market is positioned for continued growth, driven by innovations in diagnostics, drug therapies, and increased awareness of the disease. While challenges such as treatment costs and limited options persist, ongoing research and new drug development offer promising avenues for improvement. By 2029, with a projected market value of USD 6.43 billion, the industry is expected to make significant strides, potentially transforming the outlook for IPF patients around the world. 

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/idiopathic-pulmonary-fibrosis 

[colinwilson11]

Menkes Disease Treatment Market Will Grow At Highest Pace Owing To Rising Orphan Drug Designations

Menkes disease is an X-linked neurodegenerative disorder caused by mutations in the ATP7A gene. Symptoms include sparse, brittle hair; impaired vascular tissue growth; low serum copper levels; and delayed development. Treatment for Menkes disease primarily involves replacement of copper through intravenous administration of copper histidine. Currently, there are only a few FDA-approved treatment options for Menkes disease. Patients primarily rely on off-label use of existing copper histidine products.

The Menkes Disease Market size is estimated to be valued at US$ 165.1 million in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Menkes disease treatment market are Fortress Biotech, Inc., Teva Pharmaceutical Industries Ltd., Amerigen Pharmaceuticals Limited, Mylan N.V., and Bausch Health Companies Inc. Fortress Biotech launched MNK-6105, a novel formulation of copper histidine for the treatment of Menkes disease in 2020.

The growing diagnosis of Menkes disease, especially in developed regions, is expected to drive the demand for treatment drugs. According to CDC, an estimated 1 in 34,000 to 39,000 newborn males are affected by Menkes disease each year in the United States.

Technological advancements in drug design and manufacturing, such as modified drug delivery systems and novel formulations, are generating lucrative opportunities in the market. Companies are focusing on developing orphan drugs with improved bioavailability and fewer side effects.

Market Trends

Increasing collaborations between biotech companies and research institutes is one of the key trends witnessed in the market. For instance, in 2019 Fortress Biotech partnered with the University of Connecticut to develop treatments for rare genetic disorders like Menkes disease.

Emergence of novel drug formulations is another major trend. MNK-6105 developed by Fortress Biotech is a nano-particle formulation of copper histidine, resulting in enhanced absorption and lowering the dosing frequency.

Market Opportunities

Orphan drug designations by regulatory bodies provide significant market opportunities. Drugs in development for rare diseases like Menkes enjoy benefits like tax credits, waiver of application fees, and market exclusivity for a period of 7 years in the US.

Geographic expansion in developing Asian countries and Latin America presents untapped growth prospects. Availability of low-cost manufacturing infrastructure and emergence of local biotech companies also supports market expansion.

Impact Of COVID-19 On Menkes Disease Market Growth

The outbreak of COVID-19 pandemic has adversely impacted the growth of Menkes disease market globally. Several factors such as restrictions on non-essential medical services, disruptions in supply chain, difficulty in conducting clinical trials, etc contributed to slowed market growth during the crisis. However, with gradual lifting of lockdowns and restoration of healthcare facilities post-recovery from first and second waves, the market is expected to regain lost momentum. Teleconsultations helped to sustain continuity of care for Menkes disease patients during lockdowns. Development of vaccines and treatments have improved disease management, though challenges persist in some geographical regions with limited resources. In the post-pandemic scenario, partnerships involving stakeholders would be pivotal to ensure uninterrupted access to diagnostics and therapeutics. Long-term strategies focusing on decentralized community-based services may help boost early diagnosis and effective treatment interventions.

Menkes Disease Market In North America

North America holds the major share of the Menkes Disease Market in terms of value. This can be mainly attributed to factors such as availability of advanced healthcare infrastructure, growing healthcare expenditure, presence of major market players, and high diagnosis and treatment rates in the region. The United States commands the lion's share within the North America regional market. Favorable reimbursement policies have ensured high adoption of screening and treatment options for Menkes disease. Furthermore, continuous research activities have led to development of new treatment approaches, driving the regional market growth. Other countries in North America such as Canada are also lucrative markets expected to register significant growth over the forecast period.

Fastest Growing Region - Asia Pacific

The Asia Pacific region is poised to witness the fastest growth in the Menkes disease market during the forecast period. This growth can be credited to rising medical tourism, increasing patient population due to growing birth rates, and improving healthcare expenditures in emerging economies of the region. In addition, heightened awareness about early diagnosis and availability of generic medications are supporting the Asia Pacific market expansion. Countries such as China and India with their large population bases and significant improvements in healthcare access present immense growth opportunities. Initiatives by governments towards strengthening newborn screening programs would boost early diagnosis and treatment uptake. Overall, the Asia Pacific Menkes disease market is anticipated to attract higher investments from global players over the coming years.

Get more insights on this topic: https://www.trendingwebwire.com/menkes-disease-market-estimated-to-witness-high-growth-owing-to-advancements-in-gene-therapy/

Author Bio

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. (LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

What Are The Key Data Covered In This Menkes Disease Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Menkes Disease Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Menkes Disease Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Menkes Disease Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Menkes Disease Market vendors

FAQ’s

Q.1 What are the main factors influencing the Menkes Disease Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Menkes Disease Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Menkes Disease Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[tamanna31]

Future and Growth of Tissue Diagnostics Market by 2030

Tissue Diagnostics Market

The global tissue diagnostics market size was estimated at USD 5.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.15% from 2023 to 2030.

Tissue diagnostics remains a gold standard for cancer diagnosis as these technologies capture the anatomy of tumors. With rising incidences of cancer, the tissue diagnostics industry witnesses high demand with significant growth opportunities over the forecast period. The impact of COVID-19 on the tissue diagnostics industry has been significant. During the pandemic, there was a slowdown in routine medical procedures, including diagnostic testing, as healthcare resources were redirected toward managing the virus.

Gather more insights about the market drivers, restrains and growth of the Tissue Diagnostics Market

The pandemic led to a temporary decline in the demand for tissue diagnostics products and services. However, as the situation improved and healthcare systems adapted to the new normal, the market began to recover. The need for accurate diagnosis and monitoring of various diseases, including cancer, remained high, driving the demand for tissue diagnostics in the post-pandemic period.

Cancer incidences are increasing dramatically, which has caused a paradigm change in anatomic pathology. This, in turn, is contributing to the clinical pathology field's continued growth. Digitalization of diagnosis methods, increased use of liquid biopsy for cancer detection, and a continuous convergence of anatomical and molecular pathology. The importance of integrated bioinformatics and analyses increases as computational pathology gains momentum. Over the past two decades, the tissue diagnostics industry has changed as more advanced equipment has become available, making life easier for pathologists and physicians.

For instance, in May 2021, to increase the availability of precision medication for lung cancer, QIAGEN released its first FDA-approved tissue companion diagnostic to detect the KRAS G12C mutation in NSCLC tumors. The Rotor-Gene Q MDx instrument, a part of the modular QIAsymphony family of automation solutions, is used with the real-time qualitative PCR kit. This tool builds on QIAGEN's nine years of experience in researching and marketing KRAS CDx tests.

Globally, more than 14 million individuals are diagnosed with cancer each year, and by 2030, that figure is projected to increase to more than 21 million. Major market participants are introducing new cancer diagnosis products. For instance, Roche introduced its innovative BenchMark ULTRA PLUS system for cancer diagnostics in June 2022, enabling prompt, precise patient care. Pathologists can deliver high-quality, time-sensitive results to doctors and patients due to the BenchMark ULTRA PLUS tissue staining system's improved workflow, testing efficiency, and environmentally sustainable features.

Considering the rising worldwide cancer burden, various technologies, and improvements in tissue diagnostics (TDx) will increase pathology efficiency, which is essential for better cancer therapy and diagnosis. For example, Ibex Medical Analytics, the industry pioneer in AI-powered cancer diagnoses, and Alverno Laboratories announced a new deal in March 2023. It aims to expand the implementation of Ibex's Galen suite of Artificial Intelligence solutions to the entire Alverno network across Indiana and Illinois. The deployment comprises AI-powered solutions for cancer diagnosis across numerous tissue types and will help Alverno pathologists in providing the highest quality care for their patients.

A rise in the adoption rate of automated tissue-based diagnostic systems by research institutes enables them to diagnose tumors faster. In January 2023, MilliporeSigma announced its plans to expand its portfolio of antibodies for tissue diagnostics to help improve the classification of gliomas and other tumors in the nervous systems. Such R&D investments will ensure the market continues to grow.

Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.

The global hematologic malignancies market size was valued at USD 67.23 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030.

The global precision diagnostics market size was estimated at USD 15.60 billion in 2023 and is projected to grow at a CAGR of 18.4% from 2024 to 2030.

Key Companies & Market Share Insights

The tissue diagnostics market is fragmented due to the presence of several medium-to-small and large participants in the marketspace. The advent of novel diagnostic models by key players to enhance their technology portfolio has raised competitiveness in the market. For instance, in June 2022, Roche announced the launch of VENTANA DP 600 - the next-generation slide scanner. This high-capacity slide scanner provides the pathology lab with workflow flexibility and ease of use while producing stained histology slides with exceptional image quality from tissue samples. Some prominent players in the global tissue diagnostics market include:

F. Hoffmann-La Roche Ltd.

Abbott Laboratories

Thermo Fisher Scientific Inc.

Siemens

Danaher

bioMérieux SA

QIAGEN

BD

Merck KGaA

GE Healthcare

BioGenex

Cell Signaling Technology, Inc.

Bio SB

DiaGenic ASA

Agilent Technologies

Order a free sample PDF of the Tissue Diagnostics Market Intelligence Study, published by Grand View Research.

[chemicalmarketwatch-sp]

Medical Polymer Market: Trends, Innovations, and Growth

The medical polymer market has seen remarkable growth in recent years, driven by technological advancements, increasing healthcare demands, and a growing preference for lightweight, biocompatible materials in the medical field. As polymers continue to replace traditional materials like metals and ceramics, their role in medical devices, drug delivery systems, and implants is becoming more significant.

Market Overview

Medical polymers, which include resins, fibers, and elastomers, play a crucial role in healthcare. These materials offer a variety of benefits such as flexibility, durability, and biocompatibility, making them suitable for a range of medical applications, including:

Medical devices: Polymers are commonly used in manufacturing surgical instruments, diagnostic equipment, and prosthetics due to their sterilizability and resistance to chemicals.

Implants: Medical-grade polymers are increasingly favored in implants for their biocompatibility, helping to reduce the risk of infection and improving patient recovery time.

Pharmaceuticals: Polymers are utilized in controlled drug delivery systems and packaging, ensuring medication is delivered effectively and safely.

The global medical polymer market was valued at USD 20.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of around 8.5% from 2021 to 2028. This growth is primarily driven by the increasing use of minimally invasive procedures, the rising geriatric population, and the ongoing need for advanced medical devices.

Key Trends and Drivers

Growing Demand for Biocompatible and Biodegradable Polymers Biocompatibility is essential in medical devices and implants, where materials must not react negatively with the human body. Biodegradable polymers are gaining traction in wound care, tissue engineering, and drug delivery, as they reduce the need for second surgeries to remove devices, such as stitches or implants.

Advances in 3D Printing Technology 3D printing, or additive manufacturing, has revolutionized the medical polymer market by allowing for customized, patient-specific medical devices and implants. This technology facilitates the creation of complex structures that were previously impossible with traditional manufacturing methods. Polymers used in 3D printing include polyether ether ketone (PEEK) and polylactic acid (PLA), both of which are biocompatible and ideal for producing precise medical parts.

Rise in the Use of Polymeric Nanomaterials Nanotechnology is reshaping healthcare, particularly in drug delivery and diagnostics. Polymeric nanoparticles are used to create more efficient drug delivery systems, improving the bioavailability and targeting of medications. These nanomaterials enable the delivery of drugs directly to diseased tissues, minimizing side effects and enhancing patient outcomes.

Increased Focus on Sustainable Healthcare Solutions As the world becomes more focused on sustainability, the healthcare industry is no exception. There is a growing interest in developing eco-friendly medical polymers that not only meet regulatory standards but also minimize environmental impact. Companies are exploring alternatives to petroleum-based polymers, including bio-based plastics and recycling initiatives, to reduce waste in the medical sector.

Key Players in the Market

Some of the leading companies in the medical polymer market include:

BASF SE: A global leader in chemical manufacturing, BASF offers a wide range of medical polymers, including biocompatible and biodegradable materials.

Dow Inc.: Known for its extensive polymer portfolio, Dow provides medical-grade polymers that meet stringent regulatory requirements.

Celanese Corporation: A key player in the development of high-performance medical polymers, Celanese focuses on creating materials that are resistant to heat and chemicals, making them ideal for surgical instruments.

Eastman Chemical Company: With a focus on innovation, Eastman develops advanced polymers for medical devices and packaging, particularly those that prioritize patient safety and hygiene.

These companies are investing heavily in research and development (R&D) to create next-generation medical polymers that can address the evolving needs of the healthcare industry.

Challenges Facing the Medical Polymer Market

While the medical polymer market is growing rapidly, it also faces certain challenges:

Stringent Regulatory Approvals: Medical polymers must meet rigorous safety and performance standards set by regulatory bodies such as the FDA and EMA. This can slow down the introduction of new materials into the market.

High Production Costs: The manufacturing process for medical-grade polymers is often complex and costly. Companies must balance the need for innovative materials with cost-effective production methods to remain competitive.

Environmental Concerns: The medical industry generates significant amounts of plastic waste, particularly from disposable medical devices. Finding sustainable solutions while maintaining product safety and efficacy is a pressing concern for manufacturers.

Future Outlook

The future of the medical polymer market looks promising, with several factors contributing to its continued expansion. Technological innovations, such as 4D printing (which allows materials to change shape in response to stimuli) and smart polymers (that can respond to changes in their environment), are set to revolutionize the industry. Moreover, the increasing demand for personalized medicine will drive the need for custom-made medical devices and implants, further fueling the growth of 3D printing in healthcare.

Additionally, as healthcare providers seek to improve patient outcomes while reducing costs, medical polymers will continue to be a preferred choice due to their versatility, cost-effectiveness, and ability to meet the stringent requirements of the medical industry.

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The medical polymer market is poised for robust growth, driven by advances in technology, an aging population, and the rising demand for biocompatible materials in healthcare. Industry experts should pay close attention to the developments in biodegradable polymers, 3D printing, and nanotechnology, as these trends will shape the future of the market. With the right balance of innovation and sustainability, the medical polymer industry will continue to play a vital role in improving healthcare outcomes worldwide.

[creativeera]

DNA and RNA Sample Preparation Market is Estimated to Witness High Growth Owing to Increasing Adoption

The DNA and RNA sample preparation market involves processes associated with isolation, extraction, purification and quantification of nucleic acids DNA and RNA from various sources like tissues, blood, sperm, cells etc. for downstream applications in genomics, molecular diagnostics, personalized medicine and others. The sample preparation is a critical and initial step before conducting various genomic tests including Next Generation Sequencing, polymerase chain reaction and other assays. Growing awareness and adoption of precision medicine and genetic/molecular testing is driving demand for efficient nucleic acid isolation and downstream analysis.

The Global DNA and RNA Sample Preparation Market is estimated to be valued at US$ 2262.46 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the DNA and RNA sample preparation are Agilent Technologies, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., DiaSorin S.p.A, F. Hoffmann-La Roche, Miroculus, Inc., Illumina, Inc., PerkinElmer, Inc., QIAGEN, Sigma Aldrich Corp., Tecan Group AG, and Thermo Fisher Scientific, Inc. Growing prominence of personalized medicine is creating opportunities for development of new sample preparation methods and kits which can extract nucleic acids from various types of samples. Rising incidence of chronic and infectious diseases worldwide is increasing diagnostic testing which will propel sample preparation market growth. Global expansion of key market players through acquisitions and partnerships with regional diagnostic labs and research institutes will further augment market revenues. Market Drivers Increasing funding for Genomic and genetic research from government bodies as well as private sector is one of the key factors driving the DNA and RNA Sample Preparation Market Size. Government initiatives aimed at large scale population screening and clinical testing for various genetic disorders, infectious diseases and cancers are also creating demand for high throughput nucleic acid preparation. Growing geriatric population and rising healthcare spending in developing nations also provides growth opportunities for market players in the forecast period.

PEST Analysis Political: Laws and regulations imposed by governments for research using DNA and RNA samples could impact the market. Changes in healthcare policies will also have effects. Economic: Factors like GDP growth, income levels, healthcare spending will drive demand. Rise in research activities and focus on precision medicine boost the market. Social: Growing awareness about personalized medicine and importance of genetic testing are important. Social trends also promote preventive healthcare and wellness. Technological: Advancements in fields like next generation sequencing, lab automation, bioinformatics are key for market growth. Miniaturization and portability of equipment expand applications. Developments in sample collection and storage methods improve efficiency. Geographical regions where the market in terms of value is concentrated include North America and Europe. North America accounts for the largest share in the global market due to presence of well-established healthcare industry and research institutes. Europe also captures notable share due to growing biotech sector and research funding. The Asia Pacific region is projected to be the fastest growing market during the forecast period. This is attributed to factors such as increasing healthcare expenditure, growing awareness, expanding biotech industry and rising government investments in research. Countries like China, India offer growth opportunities as they focus on healthcare infrastructure development.

Get more insights on DNA And RNA Sample Preparation Market

Also read related article on Surgical Robots Market

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[kathansky]

Smart Pills Technology Market: Size, Share & Growth Analysis

The smart pills technology market is witnessing significant growth due to its potential to revolutionize the healthcare industry. These advanced pills, embedded with sensors, cameras, and other technologies, are designed to provide real-time monitoring and data collection within the digestive system. This innovation offers a host of benefits, including improved diagnostic accuracy, enhanced patient compliance, and personalized treatment plans.

Market Overview

Smart pills, also known as ingestible sensors or digital pills, are gaining traction due to their ability to seamlessly integrate with existing healthcare systems. The market is driven by several factors, including increasing prevalence of chronic diseases, rising demand for remote monitoring solutions, and advancements in technology. Healthcare providers and patients alike are recognizing the value of these devices in managing health conditions more effectively and efficiently.

Global Smart Pills Technology Market size was valued at USD 866.61 billion in 2022 and is poised to grow from USD 944.57 billion in 2023 to USD 7500 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

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Recent developments in smart pill technology have led to the creation of more sophisticated and user-friendly devices. These advancements are facilitating better patient engagement and adherence to prescribed treatment regimens. As a result, the smart pills technology market is expanding rapidly, with a growing number of players entering the space and contributing to its evolution.

Market Segmentation

To understand the smart pills technology market more comprehensively, it is essential to examine its segmentation. The market can be segmented based on several criteria, including:

1. By Technology:

   - Capsule Endoscopy: These smart pills are equipped with a camera and light source to capture images of the gastrointestinal tract. They are primarily used for diagnosing and monitoring gastrointestinal conditions.

   - Ingestible Sensors: These smart pills contain sensors that track various physiological parameters, such as pH levels, temperature, and pressure, providing valuable insights into the body's internal environment.

   - Drug Delivery Systems: Smart pills with integrated drug delivery systems are designed to release medication at specific sites within the digestive system, enhancing targeted treatment.

2. By Application:

   - Diagnostic Imaging: Smart pills used for diagnostic imaging provide detailed views of internal organs and tissues, aiding in the diagnosis of conditions such as gastrointestinal disorders and cancers.

   - Chronic Disease Management: These smart pills assist in the continuous monitoring of chronic conditions, such as diabetes and cardiovascular diseases, by tracking relevant biomarkers and patient data.

   - Drug Adherence Monitoring: Smart pills designed for drug adherence monitoring help track whether patients are following their prescribed medication schedules, thereby improving treatment outcomes.

3. By End-User:

   - Hospitals and Clinics: Healthcare facilities utilize smart pills for patient diagnostics and monitoring, improving the overall efficiency and accuracy of medical procedures.

   - Research and Development: Smart pills play a crucial role in clinical trials and research studies, providing researchers with valuable data for developing new treatments and therapies.

   - Home Care: With the rise of remote monitoring and telehealth, smart pills are increasingly used in home care settings to enable patients to manage their health conditions from the comfort of their homes.

4. By Region:

   - North America: This region is a major market for smart pills technology, driven by advanced healthcare infrastructure, high adoption rates of new technologies, and significant investments in research and development.

   - Europe: The European market is also experiencing growth due to increasing awareness of smart pill technologies and supportive regulatory frameworks.

   - Asia-Pacific: Rapid advancements in technology and growing healthcare needs are contributing to the expansion of the smart pills market in this region.

   - Latin America and Middle East & Africa: These regions are expected to witness gradual growth as healthcare systems evolve and the demand for innovative medical technologies increases.

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Smart Pills Technology Market Top Player's Company Profiles

Medtronic plc

Philips Healthcare

Olympus Corporation

Boston Scientific Corporation

CapsoVision, Inc.

GE Healthcare

Fujifilm Holdings Corporation

IntroMedic Co., Ltd.

Medisafe

Given Imaging Ltd.

Vitality, Inc.

MC10 Inc.

Johnson & Johnson

Siemens Healthineers

Novartis AG

Becton, Dickinson and Company

Proteus Biomedical, Inc.

Pentax Medical

Microchips Biotech, Inc.

In conclusion, the smart pills technology market is on a promising trajectory, with numerous opportunities for growth and development. Understanding the market segmentation provides valuable insights into the diverse applications and potential of smart pills, highlighting their role in transforming healthcare delivery and patient management. As technology continues to advance, the smart pills market is set to become an integral part of modern medical practices, offering enhanced capabilities and improved outcomes for patients and healthcare providers alike. Buy your full report @ https://www.skyquestt.com/buy-now/smart-pills-technology-market

[visionresearchreport]

The global nanomedicine market was valued at USD 219.37 billion in 2023 and is projected to exceed USD 575.75 billion by 2033, growing at a solid CAGR of 10.13% from 2024 to 2033. As a rapidly advancing sector within the pharmaceutical and biotechnology industries, nanomedicine leverages the unique properties of nanoscale materials to improve drug delivery, diagnostics, and therapeutic treatments. This market is expanding due to its potential to revolutionize healthcare by offering more targeted, efficient, and personalized medical solutions.

Nanomedicine involves utilizing nanotechnology to drive innovation in healthcare. It exploits the unique properties of materials at the nanoscale (10^-9 meters), which often differ significantly from those of the same substances at larger scales in terms of physical, chemical, and biological behavior. Due to the nanoscale, nanomaterials and nanoparticles can potentially navigate biological barriers, targeting specific delivery sites and interacting with DNA or small proteins in blood, organs, cells, and tissues.

[amrutatbrc1]

Medical Biomimetics Machine Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The medical biomimetics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Medical Biomimetics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The medical biomimetics market size has grown strongly in recent years. It will grow from $33.8 billion in 2023 to $36.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased biomimetic materials, increased research funding, aging population, rising chronic diseases.

The medical biomimetics market size is expected to see steady growth in the next few years. It will grow to $47.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for organ transplants, growing awareness of biomimetics applications, rising healthcare expenditure, expanding biotechnology sector, advancements in tissue engineering. Major trends in the forecast period include Bio-inspired prosthetics, biomimetic sensors, synthetic biology applications, smart drug delivery systems, biologically inspired robotics, Personalized medicine, 3D printing technologies, artificial intelligence in diagnostics, nanotechnology applications, regenerative medicine.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/medical-biomimetics-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

The increasing rates of obesity and heart disease are expected to propel the growth of the medical biomimetics market going forward. Obesity is a medical condition where excess body fat has accumulated to an unhealthy level, while heart disease refers to a range of conditions that affect the heart and blood vessels. Biomimetics aids in the development of assistive devices such as orthotics and prosthetics, which can help individuals with diabetes or obesity manage their conditions. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, severe obesity in the US increased from 4.7% to 9.2% in 2021, and adults aged 20 to 39 years had a prevalence of obesity of 39.8%, while those aged 40 to 59 years had a prevalence of 44.3%. Furthermore, in March 2022, according to a report published by the Office for National Statistics, a UK-based government department, the number of deaths from heart disease increased from 19,440 in 2020 to 20,061 in 2021. Therefore, increasing rates of obesity and heart disease are driving the growth of the medical biomimetics market.

Market Trends - Major companies operating in the medical biomimetics market are focused on developing innovative products with advanced technologies, such as suture anchor system to increase their profitability in market. A suture anchor system is a medical device used in orthopedic and sports medicine procedures for securing soft tissues, such as tendons or ligaments, to bone. Suture anchor systems strive to replicate and improve upon the natural attachment of soft tissues to bone, offering a functional and biomechanically optimized solution mirroring physiological tissue connections in the human body. For instance, in December 2022, Stryker Corporation, a US-based multinational medical technologies company, launches Citrefix, a disposable suture anchor system, incorporates a resorbable biomimetic anchor body using Citregen, an elastomeric material crafted from a citrate polymer, specifically engineered to emulate bone chemistry. This design allows for controlled resorption without inducing chronic inflammation. It is a disposable suture anchor system that is designed to help grafted tissue heal and healthy bone grow when used in orthopedic surgical applications.

The aerospace support and auxiliary equipment market covered in this report is segmented –

1) By Type: Commercial Radars, Satellites 2) By Ownership: Public, Private 3) By Platform: Airborne, Land, Naval, Space

Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite

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Regional Insights - North America was the largest region in the medical biomimetics market in 2023. The regions covered in the medical biomimetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Major companies operating in the medical biomimetics market are BASF SE, Bayer Aktiengesellschaft, Abbott Laboratories, Stryker Corporation, Zimmer Biomet Holdings Inc., Otsuka Medical Device Company Ltd., LivaNova PLC, Össur hf., Forschungszentrum Jülich GmbH, Biohorizons Implant Systems Inc., Inventia Plc, Blatchford Limited, Keystone Dental Corporation, Xtant Medical Holdings Inc., AVINENT Science and Technology, SynTouch Inc., Curasan Inc., CorNeat Vision Inc., Hstar Technologies Co. Ltd., Veryan Medical Ltd., Swedish Biomimetics 3000 ApS, Osteopore International Pte Ltd., KitoTech Medical Ltd., Vandstrom Inc.

Table of Contents 1. Executive Summary 2. Medical Biomimetics Market Report Structure 3. Medical Biomimetics Market Trends And Strategies 4. Medical Biomimetics Market – Macro Economic Scenario 5. Medical Biomimetics Market Size And Growth ….. 27. Medical Biomimetics Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[mordorintelligencemarketresearch]

Fluorescence Guided Surgery Systems Market: Revolutionizing Surgical Precision

The healthcare industry is witnessing transformative advancements, and one such innovation that is reshaping the surgical landscape is fluorescence guided surgery (FGS). This cutting-edge technology is gaining significant traction, driven by its ability to enhance the accuracy and safety of surgical procedures. In this blog, we'll delve into the market landscape of fluorescence-guided surgery systems, exploring its growth drivers, key trends, and potential challenges.

Market Overview

The Fluorescence-Guided Surgery Systems Market is projected to reach a valuation of USD 106.89 million in 2024, and is anticipated to grow to USD 227.06 million by 2029, exhibiting a robust CAGR of 16.26% over the forecast period (2024-2029). The increasing adoption of minimally invasive surgeries, coupled with the rising prevalence of cancer and other complex diseases, is pushing the demand for FGS systems globally. These systems utilize fluorescent dyes and specialized imaging tools to illuminate target tissues, allowing surgeons to precisely distinguish between healthy and cancerous tissues.

Key Drivers of Market Growth

Increasing Prevalence of Cancer: One of the primary applications of fluorescence-guided surgery is in cancer surgeries. The growing incidence of various cancers is propelling demand for technologies that improve surgical outcomes. Surgeons can use FGS to detect and remove even minute traces of cancer cells, leading to higher success rates and reducing recurrence risks.

Technological Advancements: Continuous innovation in imaging techniques, the development of novel fluorescent agents, and the integration of AI and robotics in surgery are key factors driving the adoption of FGS systems. For instance, newer dyes that selectively target cancerous cells offer improved visibility, enhancing precision in real-time surgical navigation.

Shift Towards Minimally Invasive Procedures: The global healthcare system is increasingly moving towards minimally invasive surgeries, which offer quicker recovery times and fewer complications. Fluorescence-guided surgery aligns perfectly with this trend, as it allows for more targeted interventions with minimal disruption to surrounding tissues.

Rising Awareness Among Healthcare Providers: As more clinical trials and studies showcase the efficacy of fluorescence-guided surgery in improving patient outcomes, healthcare providers and surgeons are increasingly adopting these systems.

Regional Insights

North America holds the largest share of the FGS systems market, with the U.S. leading in terms of research, clinical trials, and adoption rates. The region's well-established healthcare infrastructure and high prevalence of cancer further fuel this demand.

Europe follows closely, driven by initiatives to improve cancer treatment outcomes. Countries like Germany, the UK, and France are witnessing increasing adoption of these systems in oncology surgeries.

The Asia-Pacific region is expected to register the fastest growth during the forecast period, fueled by rising healthcare investments, growing medical tourism, and increasing cancer prevalence in countries like China and India.

Challenges and Limitations

Cost Considerations: High initial costs of FGS systems and the need for advanced training for surgeons can pose barriers to adoption, particularly in developing markets.

Regulatory Hurdles: The approval process for new fluorescent agents and dyes is stringent, requiring extensive clinical trials to ensure safety and efficacy. This can delay product launches and market expansion.

Future Outlook

The fluorescence-guided surgery systems market is set for rapid expansion as technological advancements continue to improve the precision and outcomes of surgeries. The increasing focus on personalized medicine and the integration of AI-powered diagnostics are likely to further enhance the capabilities of these systems, unlocking new possibilities in surgical care.

As healthcare providers strive for better outcomes and reduced complications, the demand for fluorescence guided surgery systems will continue to rise, making it a key area of growth and innovation in the global medical device market.

Conclusion

The fluorescence guided surgery systems market is at the forefront of a new era in surgical precision. Its ability to empower surgeons with real-time insights, improve patient outcomes, and contribute to minimally invasive surgery is making it an indispensable tool in the healthcare industry. With ongoing research and technological advancements, we can expect even more groundbreaking developments in the coming years, transforming the future of surgery.

[communicationblogs]

Cell Isolation/Cell Separation Market — Forecast(2024–2030)

Cell Isolation/Cell Separation Market — Forecast(2024–2030)

Cell Isolation/Cell Separation Market Overview

Cell Isolation/Cell Separation Market Report Coverage

The report: “Cell Isolation/Cell Separation Market Forecast (2020–2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Cell Isolation/Cell Separation Market.

By Product Type: Consumables and Instruments.

By Cell: Human Cell and Animal Cell.

By Technique: Filtration Based Cell Isolation, Centrifugation Based Cell Isolation and Surface Maker Based Cell Isolation.

By Application: Stem Cell Research, Cancer Research, Biomolecule Research, Vitro Diagnostics, Tissue Regeneration, Others.

By Geography: North America, Asia-Pacific, Europe, Rest of World (RoW).

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Key Takeaways

Geographically, North America Cell Isolation/Cell Separation Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020–2025 owing to the high demand.

The increase in the technology and awareness among customers is likely to aid in the market growth of Cell Isolation/Cell Separation Market.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cell Isolation/Cell Separation Market report.

The increase in the number of chronic diseases and increase in the demand for laboratory automation are creating higher opportunities for the growth of market for the forecast period 2020–2025.

By Service Type- Segment Analysis Based on the Service Type, the Repair and Maintenance segment held the largest share in 2019 owing to the factors such as rapid increase in the use of laboratory equipment for research activities and increase in the investment by the public and the private companies. Calibration segment is estimated to be the fastest growing segment during the forecast period 2020–2025. The growth in this segment is owing to the factors such as growing need for accurate and precise information, growing consciousness among customers and the government regulations.

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By End User- Segment Analysis

Based on the End User, the Clinical and Diagnostic Laboratories segment held the largest share in 2019 owing to the factors such as rapid increase in the research in drug discovery by the major companies, rapid increase in the number of diseases and growing awareness regarding health. Pharmaceutical and Biotechnological Companies segment is estimated to be the fastest growing segment owing to the factors such as increase in the demand for long-term treatment for chronic diseases, growing healthcare financial products and increase in the demand for generics market.

By Geography — Segment Analysis Based on the Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as advancements in technology, rapid growth in the healthcare infrastructure and government policies supporting the developments in healthcare. Asia-Pacific is estimated to be the fastest growing segment owing to the factors such, as rapid increase in the import of laboratory equipment, investment by the major companies in the developing nations and growing research in pharmaceutical companies.

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Cell Isolation/Cell Separation Market Drivers

Rapid increase in the research activities in the pharmaceutical and biotechnological industries.

The increase in the research activities in the pharmaceutical and biotechnological industries owing to rapid increase in the number of diseases, well developed infrastructures and advancements in technology is estimated to enhance the growth of Cell Isolation/Cell Separation Market. The increase in the demand for laboratory automation is also estimated to enhance the growth of Cell Isolation/Cell Separation Market.

Government’s policies to enhance biomedical research activities.

There is a rapid increase in the initiatives and policies by the governments towards biomedical research activities owing to growing awareness among customers increase in the number of aging population and growing prevalence of chronic diseases. This led to rapid increase in the growth of Cell Isolation/Cell Separation Market. Investments in the biotechnology sector and improvement in the healthcare infrastructure is also estimated to enhance the growth of the Cell Isolation/Cell Separation Market.

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Cell Isolation/Cell Separation Market Challenges

The shift from lab-based diagnosis to home-based testing and high cost associated with the service contracts and raw material.

The shift from lab-based diagnosis to home-based testing owing to increase in the awareness among customers, decreasing the chances of complications and advancements in technology is estimated to reduce the growth of the Cell Isolation/Cell Separation Market. High costs associated with the service contracts and raw material is also said to reduce the growth of the Cell Isolation/Cell Separation Market.

Cell Isolation/Cell Separation Market Industry outlook: Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cell Isolation/Cell Separation Market. Key companies of this market are Agilent Technologies, Danaher Corporation, Pace Analytical Services, Thermo Fisher Scientific Inc, PerkinElmer Inc, Waters Corporation, Eppendorf AG, Siemens Healthineers, Abbott Laboratories, Bio-Rad Laboratories Inc among others.

Acquisitions/Product Launches:

In 2020, Agilent Technologies has launched CrossLab Connect Services for Lab-wide Asset Monitoring, which is an advanced service for laboratories seeking increased visibility and control over operations.

In 2020, Waters Corporation has launched the Waters ARC HPLC System to help laboratories meet quality and production targets and for routine testing in the pharmaceutical, food, academic and materials market.

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