Healthcare Industry Insights: January 2022

Thursday, 27 January 2022

North America Unit Dose Manufacturing Market Share, Growth and Future Analysis

The North America Unit Dose Manufacturing Market size is expected to reach USD 21.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. The rapidly growing pharmaceutical industry and rising demand for unit doses are factors driving the market.

Single-dose packaging has certainly become one of the most popular recent trends. The most obvious benefit is its ease of use and improved medication management, as they can be prescribed by the unit, ensuring that the person taking it does not exceed the prescribed dose. Stick packs are unique in the way that they can be used to package a variety of items, both dry and wet.

Measuring cups, teaspoons, tablespoons, and multi-dose containers for oral liquids and eye drops have been already seen. The current patient is seeking convenience. Doctors are also appreciating the importance of unit dose in prescription writing since it allows them to prescribe controlled substance oral liquid without concern of abuse as unit doses address the issue. It also enables pharmacists to store oral liquids in a secure manner, which is a significant additional benefit. Nearly every single unit dose oral solid or multiple-dose oral liquid could be transformed to a unit dose oral liquid due to this innovation.

However, owing to the COVID-19 pandemic's repercussions, the unit dose manufacturing market increased at a modest 11.0% year over year in 2020. By the end of 2020, the market started to recover. COVID-19-related illnesses are being treated using unit dosages. Hospitals have updated and implemented various new standard operating procedures to protect both patients and healthcare workers. As a consequence, it's crucial to consider out viral transmission by airborne transmission or direct contact. When unit dose medicines are used, some of the risks involved with handling and pouring doses from the same bottle are reduced.

Related Press Release@ North America Unit Dose Manufacturing Market Report

North America Unit Dose Manufacturing Market Report Highlights

The outsourcing segment dominated the market and accounted for the largest revenue share of 59.6% in 2020. Unit doses lead to the minimization of credits for drugs coupled with greater control by a pharmacist over work patterns and schedules
The solid unit dose segment held 49.1% of the revenue share in 2020. In 2018, oral solid dosage medicines accounted for 53% of all new pharmaceuticals approved by the FDA
The independent pharmacies segment dominated the market and accounted for the largest revenue share of 34.1% in 2020
The hospital segment held the second-largest revenue share in 2020. The segment is estimated to become 3.5 times of itself by 2028

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Wednesday, 26 January 2022

Hair Restoration Market Worth $13.6 Billion By 2028 | CAGR: 15.4%

The global Hair Restoration Market size is anticipated to reach USD 13.6 billion by 2028, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2021 to 2028. Hair restoration technique which includes surgical as well as a non-invasive treatment option is an effective procedure to increase hair thickness, fill in a receding hairline, and treat baldness as well as severe alopecia.

According to the American Academy of Dermatology, androgenic alopecia is the most common cause of hair loss in both men and women. According to the American Hair Loss Association, 95 % of hair loss in men is caused by androgenetic alopecia and around 40% of men notice symptoms of baldness by the age of 40.

The market is currently witnessing a surge in treatment adoption due to high psychological stress, poor dietary habits, reduced nutritional levels with age progression, and increasing hormonal changes due to lifestyle shifts among the global population. This surge can also be due to the increased success rate of the transplantation procedures and technological advancement in the field of less invasive hair repair.

In the light of COVID-19, the market was hampered as the footfall of patient appointments for surgical Follicular Unit Extraction (FUE) or Follicular Unit Transplantation (FUT) treatments was temporarily suspended. However since the government in many countries has allowed resuming elective surgical procedures, clinics have also started hair transplant procedures again and international organizations like the International Society of Hair Restoration Surgery (ISHRS) has set strict protocols for resuming hair restoration practices as well as offer patient guidance in finding hair repair clinics deemed.

Related Press Release@ Hair Restoration Market Report

Hair Restoration Market Report Highlights

By procedure, the FUE segment held the largest market share in 2020 as it is a minimally invasive surgery with negligible pain, and has faster post-operative healing
Based on the therapy, the platelet-rich plasma segment accounted for the largest revenue share in 2020 as these plasmas are rich in multiple growth factors and proteins that collectively stimulate, repair, and aid in wound healing and help in possible hair growth
Asia Pacific dominated the market in 2020 owing to technological advancements and an increase in patients opting for procedures to improve aesthetic appearances
In MEA, the market is bound to grow significantly during the forecast period. This is expected to be majorly contributed by the large population and rapid urbanization coupled with increasing awareness regarding the aesthetic procedure in this region

Friday, 14 January 2022

Healthcare Customer Data Platform Market Worth $1.6 Billion By 2028

The global Healthcare Customer Data Platform Market size is expected to reach USD 1.6 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 27.2% from 2021 to 2028. Due to the ongoing COVID-19 pandemic, patient needs and customer behavior patterns have changed and this trend is likely to continue until the pandemic is completely contained. The companies or brands require a structured approach to deal with the changing industry trends. The Customer Data Platform (CDP) systems have the potential to offer help in healthcare operations. Understanding patient preferences through predictive analytics is crucial for healthcare organizations. CDPs are now offering COVID-19 impact strategies to understand insights related to patient preferences.

CDPs can improve compliance with information privacy regulations such as the General Data Protection Regulation (EU) (GDPR) and the California Consumer Privacy Act (CCPA). These regulatory laws need companies to provide customers with the right to access their information. Meeting these regulatory requirements can be challenging for healthcare providers in case the patient data resides in different systems. CDPs create a unified view of each patient by capturing information from multiple channels, by linking data from those channels related to the same patient.

Traditional data management systems only collect summary information. However, CDPs have the ability to make completely linked customer information that is easily accessible to businesses. The correct use of CDP provides a foundation for marketing activities by connecting multiple information sources.

Related Press Release@ Healthcare Customer Data Platform Market Report

Healthcare Customer Data Platform Market Report Highlights

Based on components, the software segment held a majority of the market share in terms of revenue in 2020 and is also expected to witness the fastest CAGR over the forecast period from 2021 to 2028
Based on the deployment mode, the cloud-based deployment mode dominated the market in terms of revenue share in 2020 and is likely to grow at the fastest CAGR over the forecast period due to the quick access, higher flexibility, easier data back up, and lower handling costs
Based on organization size, the large enterprises segment held a majority of the market share in 2020 owing to the growing demand for data platforms by the larger organizations
Based on application, the predictive analytics segment dominated the market in terms of revenue share in 2020 as CDPs can turn big volumes of information into usable insights to guide business marketing decisions with predictive analytics
In 2020, North America held a majority of the market share in terms of revenue due to the higher adoption of technology and growing development of IT infrastructure. Asia Pacific is expected to witness the fastest CAGR over the forecast period pertaining to the rising adoption of advanced healthcare IT solutions
Since the number of vendors in the market is high, the vendors are likely to undertake mergers and acquisitions as strategic initiatives to stay viable in the market

Australia Laser Hair Removal Market Growth, Opportunities and Forecast To 2028

The Australia Laser Hair Removal Market size is expected to reach USD 2.23 billion by 2028, registering a CAGR of 6.7% over the forecast period, as per a new report by Grand View Research, Inc. According to Plastic Surgery Statistics Report, in Australia, laser hair removal is considered as one of the top five minimally invasive cosmetic procedures, with around 7,522 procedures performed in 2018. This has led to high demand for laser hair removal devices, which is expected to propel growth of overall market.

In addition, majority of the laser treatments to improve physical appearance are noninvasive, which is leading to high demand for these techniques, as they cause less pain. Key market players are focusing on the development of new products, thus increasing the availability of advanced laser hair removal techniques in the market.

Laser hair removal techniques are constantly undergoing significant improvements, which have made devices more efficient and cost-effective. For instance, with recent advancements, the laser hair removal technique delivers effective results in a minimum number of sessions, unlike repeated numerous sessions that were required earlier. Newly designed devices work effectively on all skin types.

Related Press Release@ Australia Laser Hair Removal Market Report

Australia Laser Hair Removal Market Highlights

On the basis of type, the market has been divided into diode, Nd:YAG, and alexandrite lasers
The diode laser segment held the maximum revenue share of 40% in 2020 owing to the high precision offered
In addition, they can selectively target a particular body part and effectively remove the hair without harming the surrounding skin of the area
Moreover, the reasonable time required for the overall procedure according to the body area and volume of hair is augmenting the product demand
Beauty clinics was the largest end-use segment with a revenue share of 54% in 2020 owing to specialty services provided in these settings
Beauty clinics are also anticipated to witness the fastest CAGR during the forecast period

Thursday, 13 January 2022

Pediatric Dental Market by 3M, Hu-Friedy Mfg. Co., LLC (Subsidiary of Cantel Medical), Kinder Krowns

The global Pediatric Dental Market size is expected to reach USD 14.13 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.5% from 2021 to 2028. The growth is attributed to the technological advancements in pediatric dental procedures. Moreover, an increasing number of oral health disorders is expected to contribute to the growth of the market.

According to the CDC, cavities are the most common chronic diseases of children in the U.S. Untreated cavities can cause infection and pain that lead to problems with speaking, learning, eating, and playing. 1 out of 5 children aged 5 to 11 years have at least one untreated decayed tooth that needs to be treated on time. Dental sealants can prevent cavities for a long time. Application of dental sealants on the chewing surface of the back teeth prevents 80% of cavities. Thus, the treatment by dental sealants is anticipated to boost the market growth. The COVID-19 pandemic negatively affected the market growth.

The Urban Institute, in April 2021, stated many parents were delaying bringing their children to medical and dental clinics due to worries that children may be exposed to COVID-19. Parents with low-income households mostly avoided or delayed scheduling of dental appointments other than higher income. The COVID-19 pandemic negatively affected the market due to the shutdown of dental offices.

The possible application of 3D printing is still coming to light in the dental industry. The lab tool has shifted to implantology, general dentistry, prosthodontics and even to create custom devices to help dental patients with sleep apnea. This shift towards advanced treatment is anticipated to drive the market.

Related Press Release@ Pediatric Dental Market Report

Pediatric Dental Market Report Highlights

Based on type, the primary segment accounted for the largest revenue share of more than 50.0% in 2020 owing to the growing oral health problems
By procedure, the dental cleaning (prophylaxis) segment accounted for the largest share of over 30.0% in 2020 owing to the increasing number of dentists working in dental clinics and hospitals
In terms of disease type, dental caries accounted for the largest share of over 35.0% in 2020 owing to the increasing dental disorders and chronic health conditions
North America accounted for the largest share of more than 35.0% in 2020 owing to the presence of dominant market players and the high adoption rate of advanced medical technologies

Ultrasonic Electrosurgical Devices Market: Industry Insights By Application and End-use

The global Ultrasonic Electrosurgical Devices Market size is expected to reach USD 5.45 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.04% from 2021 to 2028. The rising volume of surgical procedures owing to the growing prevalence of chronic diseases, rising adoption of minimally invasive surgeries, and developments in minimally invasive surgical techniques, including laparoscopy, have resulted in the development of ultrasonic electrosurgical devices by major market players. This is expected to contribute to the market growth. The presence of a large number of players and the growing number of strategic initiatives by the players to enhance their product portfolios are expected to boost the market growth.

The rising prevalence of various types of cancer such as breast cancer, colon cancer, prostate cancer, and lung cancer is anticipated to boost the demand for ultrasonic electrosurgical devices for the treatment and surgery of various tumors in the body. Cancer is considered a universal healthcare problem as it is one of the leading causes of death. Furthermore, the increasing incidence of cancer across the globe is predicted to boost the demand for ultrasonic electrosurgical devices. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for the market players over the forecast period.

A large number of surgical procedures are performed around the world. According to OMICS International Conferences, 2015, around 234 million surgical procedures are performed annually. According to the Agency for Healthcare Research and Quality (AHRQ), in 2012, 14.4 million hospital visits resulted in invasive, therapeutic surgeries, of which 46.9% surgeries were performed in inpatient settings and 53.1% were performed in ambulatory settings across 28 states in the U.S. This is expected to positively influence the demand for ultrasonic electrosurgical devices in the coming years. Several manufacturers are focusing on developing technologically advanced ultrasonic electrosurgical devices to maintain a strong market presence.

Related Press Release@ Ultrasonic Electrosurgical Devices Market Report

Ultrasonic Electrosurgical Devices Market Report Highlights

Based on product, ultrasonic electrosurgical consumables accounted for the largest revenue share in 2020. They are generally disposable and have low durability compared to the ultrasonic electrosurgical generators
By type, the high-intensity focused ultrasonic (HIFU) ablators segment held the largest share in 2020. This is attributed to the factors such as lowered toxicity as compared with the other techniques of ablation, minimal pain due to non-invasiveness, and low cost of procedure than surgery
On the basis of application, the cardiology segment held the largest share in 2020. The increasing prevalence of cardiovascular diseases globally is anticipated to boost the segment growth
The hospitals end-use segment is predicted to expandat the fastest growth rate over the forecast period due to the increasing number of patient visits and advanced infrastructure in hospitals as compared to other healthcare facilities
North America dominated the market in 2020 and is predicted to maintain its lead over the forecast period. This is attributed to the increasing number of preventive surgeries and the growing burden of chronic disorders, such as cancer, diabetes, and autoimmune diseases

Surgical Drapes Market: Future Trends, Revenue Growth & Leading Players, Forecast To 2028

The global Surgical Drapes Market size is expected to reach USD 1.59 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.18% from 2021 to 2028. An increasing number of surgeries and hospitalizations are fueling the growth of the market. Moreover, the rising prevalence of nosocomial infections is expected to upsurge the market growth over the forecast period. For instance, the Centers for Disease Control (CDC) predicted that HAIs account for around 1.7 million infections and 99,000 related deaths every year in American hospitals. Of these infections, urinary tract infections accounted for 32%, surgical site infections (SSI) accounted for 22%, lung infections accounted for 15%, and bloodstream infections accounted for 14%. Thereby, increasing nosocomial infections will surge the demand for surgical drapes, leading to market growth.

Furthermore, the increasing number of hospital admissions is accelerating the market growth. For instance, according to the American Hospital Association, total admissions in all U.S. hospitals were 36,241,815 in 2019. The number of admissions will, in turn, raise the demand for surgical drapes. Moreover, the rising demand for maintenance and hygiene in healthcare institutes is one of the key factors stimulating the growth of the market. Numerous hospitals and healthcare centers are considerably focusing on upgrading the quality of infrastructure, maintaining hygiene, and improving the efficacy of operational systems.

However, rising product recalls might have a negative impact on market growth. For instance, in February 2021, Femoral Angiography Drape Sterile manufactured by Cardinal Health got recalled owing to a nonconforming material/component.

Related Press Release@ Surgical Drapes Market Report

Surgical Drapes Market Report Highlights

In terms of type, the disposable segment is expected to witness the fastest growth over the forecast period. An upsurge in the use of disposable surgical drapes in hospitals owing to the high prevalence of HAIs globally is driving the segment
By risk type, the moderate segment held the largest revenue share in 2020 and is expected to witness considerable growth over the forecast period
Based on end use, the hospitals segment accounted for the largest revenue share in 2020. Hospitals are the largest consumer of surgical drapes as the majority of surgical procedures are conducted in hospitals
North America is expected to witness considerable growth over the forecast period owing to the rising prevalence of surgeries and the presence of a large number of key market players

Microneedle Drug Delivery Systems Market Worth $8.10 Billion By 2028

The global Microneedle Drug Delivery Systems Market size is expected to reach USD 8.10 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.3% from 2021 to 2028. The growing demand for safer alternatives to the conventional hypodermic injection and increasing awareness regarding minimally invasive and pain-free administration of drugs are expected to boost the market growth. Furthermore, the increasing cases of diabetes are expected to boost the market growth. For instance, according to the International Diabetes Federation (IDF), the number of diabetics has already reached 463 million and is predicted to rise in the next 10 years.

Drug delivery via microneedles is one of the most efficient procedures compared to traditional hypodermic injections. Microneedles are a self-administering platform for transdermal medication delivery that has a high drug bioavailability. The microneedle design and drug formulation can control the dose, delivery rate, and efficacy of the medications. Microneedle also helps reduce or eliminate biohazardous sharps waste. In the coming years, microneedles are expected to have a greater impact on clinical care.

Microneedles are still under development and use a variety of drugs in clinical trials. The majority of studies have shown that this technique produces positive effects. This approach has the potential to be used for therapeutic purposes in a variety of fields. For instance, Carnegie Mellon University is developing a COVID-19 vaccination injection method employing 3D printed hybrid microneedle arrays (Hybrid-MNA). The Hybrid-MNA approach not only allows for lower doses but is also painless and has the potential to be self-administered. These technologies are predicted to enable the production of microneedles at a cheaper cost. Microneedles have a wide range of applications, including vaccine administration, hormonal delivery, cancer therapy, pain management, and cosmetics.

Related Press Release@ Microneedle Drug Delivery Systems Market Report

Microneedle Drug Delivery Systems Market Report Highlights

The hollow type segment accounted for the largest revenue share in 2020 as they are considered ideal for the use of vaccine and hormonal therapy patients
The dissolving type segment is expected to grow at the fastest rate during the forecast period as it only requires one step and the microneedle needs not to be removed after insertion
The metal material segment accounted for the largest revenue share in 2020. Stainless steel and titanium are the most frequently employed metals
By application, the drug delivery segment dominated the market in 2020. The vaccine delivery segment is expected to register the fastest growth rate during the forecast period due to the increased awareness regarding vaccination among the population
Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period due to the presence of untapped opportunities in the emerging economies, such as China and India

U.S. Medical Display Monitors Market Worth $1.0 Billion By 2028

The U.S. Medical Display Monitors Market size is estimated to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The rise in the number of diagnostic imaging centers across the U.S., increased adoption of hybrid operating rooms, rise in minimally invasive surgeries, increased cancer prevalence, and high volume of diagnostic imaging procedures are the factors responsible for market growth.

The display allows surgeons and medical practitioners to view diagnostic and surgical images in higher resolution for clear identification of tissues and blood vessels. A single monitor has the capacity to display data from optical microscopes, navigation displays, video streaming of the operating room, and diagnostic scans, to reduce surgeons’ burden to obtain data from different sources. This tool is of utmost importance for the radiologist, as it plays a key role in diagnosis accuracy and helps reduce errors.

Market leaders are developing display monitors integrated with computer systems to ultimately interact with all medical devices within the medical setting to enhance operability and improve data security. Additionally, to tackle issues like reduced radiology staff and increased work pressure on radiologists after the outbreak of Covid 19, Barco has developed a display controller. This eased their workflow and improved efficiency. However, the market dropped in 2020, due to the reduced elective surgeries, hospital economic instability, and reduced emergency room admissions. However, the market is anticipated to normalize by mid-2022.

Related Press Release@ U.S. Medical Display Monitors Market Report

U.S. Medical Display Monitors Market Report Highlights

The greyscale segment accounted for the largest revenue share in 2020 in the type outlook as it provides ease of workflow and is cost-efficient
The 16:9 aspect ratio segment held the largest revenue share in 2020
LED is the largest revenue-generating segment in this market owing to the Low energy requirement, brighter images, high operational life, reduced heat generation, non-reactive to the temperature-sensitive environment, and lower power consumption, in this end-user setting
The general radiology segment accounted for the largest revenue share in the application segment as it provides diagnostic accuracy, reduction in errors, and constant need for high-quality imaging displays

Wednesday, 12 January 2022

Micro Computed Tomography Market: Future Trends, Revenue Growth & Leading Players, Forecast To 2028

The global Micro Computed Tomography Market size is expected to reach USD 327.7 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. A growing number of applications and a significant demand for technologically advanced three-dimensional imaging technologies are driving the market for micro computed tomography (CT). In addition, the increasing use of micro-CT in research is expected to boost the market growth.

Micro-CT can be used to examine the internal structure of both material and biological materials without cutting them and preserving the samples or specimens for future research. Micro-CT scanning's unique properties enable scientists to examine a sample's morphology Micro-CT is used to research bone, teeth, tissue/organs, animal anatomy, plants, food, composite materials, medical devices, batteries, and other areas. Both in vivo and ex vivo scanning modes are available with these scanners.

Technological developments are likely to contribute to market expansion, such as faster performance, high resolution, and reduce time and labor. For instance, In February 2019, the new SKYSCANTM 1273 benchtop 3D X-ray microscope was introduced by Bruker. The SKYSCAN 1273 establishes a new benchmark for benchtop non-destructive testing (NDT), delivering performance previously only available from floor-standing devices. Furthermore, EUREKA-funded project Xamflow has developed a new software tool that makes micro-CT examinations more efficient and less labor-intensive than before.

Micro-CT imaging is bringing up endless opportunities in a variety of fields. During the forecast period, the increased demand for micro-CT in research and development activities is expected to enhance product demand. However, this system is heavily reliant on complicated computer hardware and software, and it may have frequent technical failures, demanding ongoing personnel training, which may limit the market's growth.

Related Press Release@ Micro Computed Tomography Market Report

Micro Computed Tomography Market Report Highlights

By product, the ex-vivo micro CT segment dominated the market in 2020 and is further expected to continue its dominance throughout the forecast period
In terms of application, the life sciences segment held the largest revenue share in 2020 owing to the high-resolution structural imaging and nanomechanical measurements provided by the micro-CT
The dentistry segment is expected to experience the fastest growth rate during the forecast period since micro-CT has a wide range of applications in dentistry, from dental research to treatment
North America dominated the market for micro-CT and accounted for the largest revenue share in 2020
Asia Pacific is anticipated to witness the fastest CAGR of around 8.8% over the forecast period due to the presence of untapped opportunities in the emerging economies in China and India

Tuesday, 11 January 2022

U.S. Integrated Operating Rooms Market Size is Expected to Experience a CAGR of 10.1% till 2028

The U.S. Integrated Operating Rooms Market size is anticipated to reach USD 3.72 billion by 2028, registering a CAGR of 10.1% over the forecast period, according to a new report by Grand View Research, Inc. The key factors driving the market growth include the rising number of Ambulatory Surgery Centers (ASCs), technologically advanced healthcare IT infrastructure, the growing popularity of integrated ORs, and increasing demand for minimally invasive & image-guided procedures.

For nearly 18 months during the pandemic, both physicians and patients made decisions to defer many forms of surgery, whenever possible. As more patients feel confident regarding considering surgery, demand to schedule procedures at all types of hospitals and surgery centers has increased over the recent months. Thus, impacting the market growth. In 2020, the COVID-19 pandemic had a substantial impact on the hospitals across the U.S. In total, the country saw a 35% reduction in surgical volume from March to July 2020, contributing to a loss of over USD 200 billion.

The U.S. medical industry depends heavily upon revenue generated by surgical procedures. Investments in the most up-to-date equipment and technology are a priority for hospitals to remain competitive. Presently, these ORs comprise fully integrated systems that are fixed. Traditional ORs help deal with video signals created by the imaging system. An integrated OR needs several other modalities, which are used with the imaging system and consequently require more advanced integration machinery. Moreover, various strategic initiatives being undertaken and the presence of well-established players, such as Stryker, STERIS, Olympus, and Skytron, are expected to fuel the growth of the market during the forecast period.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, to maintain a competitive edge. For instance, in March 2021, Brainlab announced acquiring Mint Medical GmbH. This move provides evidence to the company’s focus on digital health and to advance in the fields of structured diagnosis, analysis, and treatment of cancer and other illnesses to address the demand for modern medication and personalized treatments.

Related Press Release@ U.S. Integrated Operating Rooms Market Report

U.S. Integrated Operating Rooms Market Report Highlights

The market was valued at USD 1.67 billion in 2020 and is expected to witness a growth rate of 10.1% during the forecast period
Increasing demand for minimally invasive & image-guided procedures and the growing popularity of integrated ORs is expected to boost the market growth
The hospital-based outpatient department segment led the market in 2020 owing to its increasing demand by these end-users
On the other hand, high costs associated with integrated ORs is estimated to hinder the market growth

Postpartum Products Market Size is Expected to Experience a CAGR of 6.4% till 2028

The global Postpartum Products Market size is expected to reach USD 3.44 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. A rise in the pregnancy rate globally is expected to boost the demand for postpartum products. These products help to deal with the physical changes of pregnant women post-pregnancy. However, the economic crisis caused by COVID-19 in many countries across the globe has led to a considerable decline in birth rates. For instance, a survey of the National Academy of Sciences in Europe showed that 73.0% of those planning to have a child in 2020 decided to delay or abandoned their plans entirely. This is expected to impact the market growth in the long term.

The growing burden of problems during pregnancy, especially in developing countries, is likely to upsurge the adoption of postpartum products in such countries. As per the WHO, in 2017, approximately 810 women died every day from pregnancy and childbirth. In addition, the rising awareness among consumers regarding the use of safer and more effective post-partum solutions is anticipated to propel the market growth over the forecast period.

Moreover, the presence of various e-commerce sites offering postpartum products might drive the sales of the products through this sales channel over the forecast period. Motherhood Maternity, The Moms Co., Amazon, Walmart, Babylist, and Buy Buy Baby are some of the notable e-commerce sites that offer significant discounts and prompt customer service on various postpartum products owing to which people prefer to shop via the online sites.

Related Press Release@ Postpartum Products Market Report

Postpartum Products Market Report Highlights

On the basis of product, the breastfeeding accessories segment dominated the market with a revenue share of over 55.0% in 2020 owing to the growing awareness among new mothers regarding the benefits of postpartum products
Based on sales channel, the hospital pharmacy (inpatient) segment dominated the market with a revenue share of over 35.0% in 2020 due to the easy availability of a wide range of postpartum products. Moreover, hospital pharmacists help consumers in seeking advice, which is an added advantage
Asia Pacific dominated the market with a revenue share of over 40.0% in 2020. Rising awareness level, coupled with the presence of a large population in this region, is expected to boost the demand for postpartum products over the forecast period

Extracorporeal CO2 Removal Devices Market Worth $118.6 Million By 2028

The global Extracorporeal CO2 Removal Devices Market size is estimated to reach USD 118.64 million by 2028, registering a CAGR of 5.27% over the forecast period, according to a new report by Grand View Research, Inc. Technological improvements have changed extracorporeal techniques for CO2 removal in a promising manner to avoid respiratory failure, worsening respiratory acidosis, and to possibly shorten or prevent the duration of invasive mechanical ventilation in patients with exacerbation of asthma and Chronic Obstructive Pulmonary Disease (COPD).

Extracorporeal CO2 removal devices are considered to be an efficient therapy for patients suffering from hypercapnia respiratory failure and may allow clinicians as well as healthcare professionals to improve lung-protective ventilation. These devices can remove adequate CO2 to allow a 50% reduction in alveolar minute ventilation resulting in a substantial reduction in PaCO2. Hence, various advantages associated with these devices are expected to augment the overall market growth.

Extracorporeal CO2 removal devices are effective, safe, and feasible. The usage of these tools in ventilation support has been suggested in clinical situations where they may be useful, including exacerbation of COPD and Acute Respiratory Distress Syndrome (ARDS). The increasing prevalence of COPD across the globe is predicted to accelerate market growth. According to the British Lung Association, around 1.2 million people are diagnosed with COPD in the U.K.

Several manufacturers in the market are focusing on developing technologically advanced and innovative devices to strengthen their industry position. For instance, in November 2015, Alung Technologies received an Expedited Access Pathway (EAP) from the FDA for its Hemolung Respiratory Assist System (RAS). In February 2016, Alung Technologies received USD 12 million financing from existing as well as new investors. This financing helped in the commercialization of Hemolung RAS.

Related Press Release@ Extracorporeal CO2 Removal Devices Market Report

Extracorporeal CO2 Removal Devices Market Report Highlights

Extracorporeal CO2 machines held the largest revenue share of the global market in 2020 owing to the availability of a wide range of devices
The COPD application segment accounted for a significant revenue share of the global market in 2020
The venovenous access segment is expected to account for the largest share by 2028 due to advantages, such as decreased invasiveness, and potential for the early mobilization of patients
The hospitals end-use segment is estimated to have the fastest CAGR over the forecast period due to the rising number of hospitals in developing economies and increasing competition in healthcare service providers
North America held the largest market share in 2020 and is anticipated to maintain its dominance over the forecast period
This is attributable to the growing prevalence of COPD & ARDS and the increasing adoption of advanced devices