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The global cannabidiol (CBD) market is set to witness a growth rate of 16% in the next 5 years. Increasing consumer awareness and acceptance of CBD’s potential therapeutic benefits; expanding applications of CBD in healthcare and wellness; growing legalization of cannabis and CBD products; and increasing investment and product innovation efforts are some of the key […]
Continue ReadingThe US pharmacy market is projected to grow at a CAGR of approximately 5-6% from 2024 to 2029, driven by increasing prescription drug usage, an aging population, and technological advancements. Despite robust growth, the market faces challenges such as regulatory complexities and rising operational costs, which require continuous innovation and adaptation. The US pharmacy market comprises […]
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Technological developments like component minimization, as well as expanded functionality like augmented reality (AR) integration and health monitoring capabilities, are key growth drivers for bionic contact lenses. Growing desire for individualized healthcare, as well as an increase in the prevalence of vision impairments, all help to drive market growth. Bionic contact lenses are an innovative […]
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Favorable investment environment, rising adoption of telehealth, increasing burden of chronic & infectious diseases, technological advancements, growing emphasis on reproductive health & sexual empowerment in developing economies and rising awareness amongst women related to detection & management of early illness are some of the key factors driving the FemTech market growth. However, strict policies related […]
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The adoption of bionic contact lenses is being driven by technological improvements such as component downsizing and the incorporation of enhanced features such as augmented reality and health monitoring. Furthermore, the growing need for individualized healthcare solutions, as well as the rising prevalence of vision impairments, help to drive the expansion of the bionic contact […]
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Rising number of chronic illnesses, rise in ANDA applications and approvals, channel consolidation and significant price pressure, portfolio reduction by MNCs, patent expiry of important pharmaceuticals, and entry of Indian competitors are some of the main drivers driving the US branded generics market growth. However, greater costs relative to unbranded generics are one of the […]
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The mHealth monitoring and diagnostic medical devices market is growing due to a number of factors, including high R&D investments made by industry players, technological advancements, an increase in the prevalence of chronic diseases, an increase in the number of elderly people worldwide, rising healthcare costs, patient acceptance of using mHealth devices for health management, […]
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Need for dietary and food supplements stems from a sedentary lifestyle and an aging population. Other factors driving the global nutraceuticals market include pharmaceutical and food companies entering the market, the growing applications of functional foods and beverages, rising affluence, and rising spending on health-related products. Nutraceutical is a broad phrase that refers to a food […]
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Ambulatory Surgical Center software market is poised to witness a growth rate of ~10% in the coming 5 years. A need to limit the rising healthcare cost; Growing trend of performing surgical procedures in ambulatory settings and resulting growth in the number of procedures at ASCs; increasing physician and patient preference for outpatient surgeries; and […]
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Need for dietary and food supplements stems from a sedentary lifestyle and an aging population. Other factors driving the global nutraceuticals market include pharmaceutical and food companies entering the market, the growing applications of functional foods and beverages, rising affluence, and rising spending on health-related products. Nutraceutical is a broad phrase that refers to a food […]
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