Personal Care Market Intelligence

  COVID-19 Drug Delivery Devices Industry Overview The global COVID-19 drug delivery devices market size is valued at USD 1.87 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2027. The drastic surge in drug development due to the COVID-19 outbreak and competitive race among the healthcare companies owing to the lack of effective treatments or vaccines are anticipated to create a lucrative environment for market growth. The unavailability of adequate medications and the absence of effective alternatives for COVID-19 management are anticipated to accelerate the U.S. FDA approval pathway, thus creating a surge for COVID-19 drug delivery devices by 2020 end. Drugmakers are in a rush to develop vaccines and therapies for the highly contagious coronavirus that has killed over 500,000 people worldwide, infected more than 10.5 million by the start of July 2020, and severely impacted the economies globally. The unprecedented outbreak has com

  U.S. Hospital Gowns Industry Overview The U.S. hospital gowns market size was valued at USD 1.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing prevalence of chronic diseases, such as diabetic foot ulcers and venous leg ulcers. Moreover, the rising prevalence of epidemics and pandemics, such as COVID-19 and SARS, in the U.S. is expected to boost market growth. Increasing awareness regarding surgical site infection and a rise in disposable income are also other major factors expected to foster market growth. Increasing incidence of hospital-acquired infections and rising number of surgeries are among the key factors anticipated to propel the demand for hospital gowns in the U.S. According to the Healthcare Information and Management Systems Society, every day, one out of 25 patients in the U.S. develops a hospital-acquired infection. Hospital gow

  Blood Transfusion Diagnostics Industry Overview The global blood transfusion diagnostics market size was valued at USD 3,713.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2027. This growth can be attributed to the increasing rate of approval by the U.S. FDA for blood transfusion diagnostics products. The introduction of new technologies to assist in blood donation and storage is expected to further drive the market. The rising prevalence of chronic and infectious diseases such as severe anemia, cancer, hemophilia, kidney disease, liver disease, severe infection, sickle cell disease, and thrombocytopenia and the introduction of technologically advanced products are among the factors driving the demand for blood transfusion. According to the National Heart, Lung, and Blood Institute, anemia is one of the most common blood-related disorders and affects over 3 million people in the U.S. majority of the cases are due to iron def

  Hernia Repair Devices Industry Overview The global hernia repair devices market size was valued at USD 3.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.65% from 2021 to 2028. Key factors contributing to market growth include the increasing incidence of hernia, favorable reimbursement policies, and technological advancements related to repair devices. The high incidence of hernia is creating a growing demand for efficient repair devices, which is expected to supplement the market growth. According to the U.S. FDA, more than a million hernia repair procedures are done annually in the U.S. alone. The high incidence of hernia is creating demand for an efficient solution, which is expected to be responsible for the market growth. It was estimated that around 28 million elective operations and surgeries were canceled during the peak 12 weeks of interruption caused by the COVID-19 pandemic. In February 2019, the proportion of emergency repairs an

  Endotracheal Tube Industry Overview The global endotracheal tube market size was valued at USD 1.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. There is an increasing demand for endotracheal tubes owing to the rising number of surgical procedures due to increasing incidences of chronic diseases such as cardiovascular disease, cancer, and other respiratory diseases. As per World Health Organization Report 2019, respiratory diseases are the leading cause of death globally which accounts for around 4.0 million deaths every year. Hence, the market is expected to show lucrative growth over the forecast period. A significant increase in surgeries has fueled the demand for endotracheal tubes. According to the Global Surgery and Anaesthesia Statistics report, around 313.0 million procedures are performed each year. Technological advancements in endotracheal intubation have lowered the risk of infection associated with tubes an

  Wound Irrigation Systems Industry Overview The global wound irrigation systems market size was valued at USD 283.45 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. The demand for wound irrigation systems is on the rise owing to technological advancements, the increasing prevalence of chronic diseases, and the rising number of surgical procedures. The rising prevalence of chronic and acute wounds and the introduction of advanced products are the major factors anticipated to drive the market. For instance, in February 2017, Centurion Medical Products launched a wound irrigation system IRIG-8 for acute wound management in the emergency room. This system rapidly delivers irrigation solutions in high volumes to acute wounds with constant pressure. Such technological advancements are anticipated to propel the market growth over the forecast period. Moreover, the high prevalence rate of diabetic foot ulcers is anticipated to dri

  Near Infrared Imaging Industry Overview The global near infrared imaging market size was valued at USD 179.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.3% from 2021 to 2028. Increasing incidence of target diseases, such as cardiovascular diseases, gastrointestinal, neurovascular, and cancer, is likely to boost the demand for near infrared imaging in the coming years. Furthermore, rapidly rising aging population base and technological advancements in the field of near infrared imaging systems are factors expected to enhance market growth. Growing demand for technologically advanced fluorescence imaging systems for deep tissue penetration is anticipated to boost the overall market growth. The COVID-19 pandemic affected the market for near infrared imaging as these are critical care medical devices and are mainly used during surgical procedures. The restrictions led to a decrease in demand for near infrared imaging devices as the medical set

  Medical Affairs Outsourcing Industry Overview The global medical affairs outsourcing market size was valued at USD 1.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.2% over the forecast period. The market is growing at a significant rate due to the surge in clinical trials. According to the data published by the WHO in 2019, the annual number of registered clinical trials increased from 3,344 in 2004 to 54,894 in 2018. Thus, the registration of clinical trials has increased by about 22% from 2004 to 2018. Since medical affairs is a key support activity for a successful clinical trial, its increasing number is anticipated to drive the global market for medical affairs outsourcing over the forecast period. Furthermore, pharmaceutical and medical devices companies are outsourcing medical affairs services to the Contract Research Organizations (CROs) to limit the liability exposure by working with a well-trained outsource company, reduce operatio

  Pelvic Floor Electric Stimulator Industry Overview The global pelvic floor electric stimulator market size was valued at USD 180.92 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2021 to 2028 to reach USD 427.15 million by 2028. The high prevalence of urinary incontinence, increasing awareness initiatives by various government and non-profit organizations, and the rising technological advancements, are the most significant growth drivers for this market. Factors such as the rising prevalence of neurodegenerative disorders, growing geriatric population, rising demand for home healthcare, and increasing use of medical sensors in various treatments are further expected to boost the market growth. The rapid rise in the geriatric population at higher risk of urinary incontinence is also one of the key factors responsible for the increasing demand for pelvic floor electric stimulators. The pelvic floor electric stimulator provides neuromus

  Cellular Health Screening Industry Overview The global cellular health screening market size was valued at USD 2.22 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028. Cellular health screening facilitates easy and rapid understanding of one’s health at a cellular level. This technology helps in identifying areas that need immediate support and enables professionals to develop an individualized plan to achieve effective results. Due to the COVID-19 pandemic, market players witnessed a decline in their sales and base testing volume. Moreover, the supply chain is disrupted due to governmental impositions and restrictions on transportation, export, and import of products, raw materials, etc. during the pandemic. This has led to a decrease in the demand; many of the organizations have diversified their product portfolios from cellular health testing line to COVID-19 molecular and antibody testing, which can equally offset the decrea

  Insulin Pump Industry Overview The global insulin pump market size to be valued at USD 8.3 Billion By 2028 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% during the forecast period. The factors influencing market growth include technological advancements and the rising adoption of insulin pumps over traditional methods. Insulin pumps are very convenient for people who require multiple insulin injections on a daily basis. These devices are less invasive and hence, are largely adopted by the patient pool. The growth of the market is majorly attributed to the increasing geriatric population, growing incidence of diabetes, and the rising prevalence of obesity. Moreover, companies are developing new generation insulin pumps with advanced technology to provide better compliance and integration with IT devices, which is contributing to the growth of the market. Technological developments, including artificial pancreas and home infusion therapy are also anticipated

  Breast Cancer Diagnostics Industry Overview The global breast cancer diagnostics market size was valued at USD 3.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The growth can be attributed to the increasing prevalence of cancer and rising government initiatives to increase the screening and diagnostic rate. The increasing incidence of breast cancer is expected to drive the market for breast cancer diagnostics. According to the American Cancer Society, in 2021, 281,550 new cases of breast cancer are estimated to be diagnosed, and around 49,290 related deaths are expected to occur in the U.S. alone. As per the WHO, in 2021, breast cancer is the most common type of cancer at a global level, with new cases surpassing 2.3 million. Growing demand for technologically advanced products that can enable better accuracy, speed, and cost-effectiveness is likely to be the dominant growth factor over the forecast period. For instanc