Global Allergy Diagnostics Market valued at USD 4.9 billion in 2021, is estimated to witness a healthy growth of 11% in the upcoming years
The prevalence of allergic diseases globally has continued to grow in the industrialized world for more than 50 years. Allergies are the 6th leading cause of chronic illness in the United States and each year more than 50 million Americans experience various types of allergies. Continuously rising cases of allergic diseases and other related medical conditions has fueled the rapid growth of the global allergy diagnostics market.
Global Stem Cell Therapy Market valued at USD 200 million is expected to see a healthy 17% growth rate (2022)
Stem cells are the body's raw materials. They are unspecialized cells that have ability to renew themselves through mitotic cell division and differentiate into a diverse range of specialized cell types. They are critical for the development, growth, maintenance and repair of bones, muscles, blood, brain, nerves, skin and other organs. There are several sources of stem cells:
Global Digital Twin Market is growing at a healthy CAGR of 30-50 percent during the forecast period
A digital twin is a virtual replica of a physical object or a process. Real world data collected through sensors is fed into virtual model. The digital twin then offers the real-time view in a 3D visual format. The real-time insights help prevent bad decisions, conduct preventive measures and reduce any future untoward incidents. Healthcare is rapidly embracing digital twin technology. The goal of this trend is to deliver data-driven personalized medicine as well as accelerate medical innovation. Global Digital Twin market is driven by huge infusion of funds by government as well as venture capital firms; growing cancer, genetic, and rare disorder research; rising healthcare digitization; growing demand for personalized/precision medicine; and increasing focus of healthcare organization on curtailing burgeoning cost, improve workflow and patient care.
Global FemTech Market – Digital Revolution in the Women’s Health Industry
Women’s health is frequently side-lined as a niche market. Historically too, there has not been a specific women-oriented tech market. Also, the companies which manufactured and marketed products explicitly aimed at women consumers have failed. However, currents are changing and this can be attributed to the rise of the ‘she-conomy’. Women are now playing a pivotal role across the healthcare continuum as consumers, decision makers, healthcare professionals & caregivers. Many startups and companies have realized the gap left and this resulted in the emergence of the FemTech Market.
Global Medical 3D Printing Market valued at USD 1.5-2 bn is expected to grow at a Healthy Growth of 15-20%
The global medical 3D printing market is poised to revolutionize the healthcare industry. It is being increasingly used in medical and dental market for prototyping; producing anatomic models for surgical planning; making surgical guides; and manufacture of implants, instruments and prosthetics. Increasing preference for medical device 3D printing over traditional machining methods owing to advantages such as less wastage of materials, cost effectiveness for smaller batches/more complex shapes and better clinical outcomes is driving the growth of medical device 3D printing market.
Digital Pathology market expected to grow at 11% CAGR to reach $1.54 billion by 2030
Medi-Tech Insights Key Research Findings in the 'latest research report on the Digital Pathology market. Pathology is an area where digitization and automation can bring about significant benefits to patients, physicians, pathologists & labs/hospitals.
Digital Therapeutics Market projected to transform the Global Pharmaceutical and Digital Health Market
Changing medical protocols, need to curtail costs, evolution and widespread adoption of technology specifically in the areas of artificial intelligence, deep learning and health monitoring using wearables is increasingly transforming healthcare and has paved the way for a new class of therapeutics known as digital therapeutics (DTx).