The preterm birth and PROM testing market is set to growth at a compounded annual growth rate (CAGR) of 2.1% during the forecast period from 2025 to 2033. As per the research findings of World Health Organization (WHO), annually 15 million babies are born before the completion of 37 weeks of normal pregnancy and as a result approximately 1 million children die every year due to complications associated with preterm births.
Growing regulatory pressure and challenge of litigations over adverse or side effects, rapidly changing demographic patterns, drying product pipelines and consistent growth in competition from generic manufacturers are some of the prime challenges faced in the life sciences business. Further growth in cost of drug development, approvals and growing responsibilities and obligations on the regulatory front have driven organizations to adopt outsourcing services for regulatory operations.
Urology devices market projected to grow at a CAGR of 6.7% during the forecast period from 2025 to 2033. Urology diseases are one of the most varied and common type of diseases found in all age groups. According to the World Health Organization (WHO), urinary tract infection (UTI) is one of the most prevalent diseases affecting around 150 million people every year. In women lifetime risk of developing urinary tract infection is 60% while in men the risk is mere 13%. Overall diagnosis and treatment rate of urological diseases is gradually increasing with increasing awareness in developing & under developed countries.
The global portable oxygen concentrators market Increasing prevalence for respiratory diseases, COPD, asthma along with growing elderly population and commercialization of new medical devices drive the portable oxygen concentrators market. Evolution from traditional cylinders to lightweight table top medical devices have also brought significant changes in the prevailing market trends. Expansion of new products offerings via direct sales and building distribution network worldwide mainly in the Asia Pacific will also open significant growth opportunities.
The global wireless display market was at a CAGR of 11.5% during the forecast period from 2025 to 2033. Wireless display technology has evolved greatly over the last few years and is now witnessing more widespread use and adoption. Wireless displays are those that can be accessed wirelessly from a separate compatible device such as smartphone, tablet or laptop, allowing enhanced content viewing over a peer-to-peer media transmission to a larger display gadget without using wires. The traditional broadcast pattern of displays supporting only one directional flow of information has become antiquated.
The offsite medical case management market is set to grow from US$ 4,076.7 Mn in 2017 to 5,903.6 Mn in 2026 during the forecast period from 2018 to 2026. Medical case management is a joint effort of healthcare professionals to provide effective treatment regimen and medical care to patients suffering with chronic illness and undergoing emergency medical interventions.
The medical image analysis software market is set to grow from US$ 2,318.4 Mn in 2017 to 4,642.1 Mn in 2026 expanding at a compounded annual growth rate of 8.1% during the forecast period from 2018 to 2026. The drivers associated with medical image analysis software market are rising prevalence of chronic diseases, increasing application of computer aided diagnostic methods and increasing healthcare expenditure in emerging economies.
The plasma fractionation market at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2025 to 2033. Plasma fractionation is utilized for achieving large quantities of purified protein from human plasma. Researchers have been focusing diligently in understanding the role and significance of plasma derived proteins in treating chronic ailments and autoimmune diseases. Increasing demand for biologics and increasing healthcare expenditure for drug development activities together drive the plasma fractionation market growth.
Over half of the global teenage population suffers from dental conditions such as caries, decay or misalignment. The WHO also reports dental treatment among the top five healthcare procedures. Growing awareness about oral health, increasing disposable incomes and augmented preference for dental asthetics, along with the incidence of dental diseases are driving the global endodontics and orthodontics market. Growing number of specialized dentists and orthodontists is also supporting the market growth.
The global pharmacy benefit management market was valued at US$ 405.4 Bn in 2021 and expected to grow at compound annual growth rate (CAGR) of 5.4% during the forecast period from 2025 to 2033. Pharmacy benefit managers (PBM) are an organization that provides educational programs and services to aid healthcare seekers. The PBM acts an intermediary between insurers and healthcare providers by negotiating with both pharmaceutical companies and pharmacies to get the best rates.
