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  Air Conditioning Systems Industry Overview The global air conditioning systems market size was valued at USD 106.60 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The spread of the COVID-19 pandemic negatively impacted the demand for air conditioners in 2020 owing to decreased consumer spending. However, the market is expected to revive in 2021 and record a stable growth aided by the changing climate conditions and rising demand for commercial construction. Additionally, consumers’ growing inclination toward convenience and comfort is expected to upkeep the demand for air conditioners over the forecast period. Air conditioning systems are ubiquitous with applications ranging from homes, shopping centers, and commercial spaces to entertainment centers. In developing nations, AC is still a sought-after product; however, the affordability of environmentally optimized products is still a huge challenge. Air conditioning sy...

  Gutta-percha Industry Overview The global gutta-percha market size was valued at USD 182.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.77% from 2021 to 2027. The increasing prevalence of dental caries is anticipated to drive the market. Furthermore, the rise in public awareness pertaining to oral hygiene and advancement in techniques pertaining to canal obturation procedures are anticipated to boost the market growth. As per the Global Burden of Disease Study Report 2020, around 2.4 billion people globally are affected with dental caries of permanent teeth. According to the WHO, consumption of tobacco and alcohol and an unhealthy diet are among the few common causes of oral diseases globally. All these oral diseases require professional dental care, thereby acting as high impact-rendering factors for the growth of the dental gutta-percha market. Gather more insights about the market drivers, restrains and growth of the   Global Gutt...

  Electric Bed Industry Overview The global electric bed market size was valued at USD 2.40 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2027. The increasing demand for electric bed is attributed to the rising number of hospitals in developing countries, increasing patient population, growing geriatric population, and rising adoption of technologically advanced products. The recent outbreak of COVID-19 across the globe has increased the number of patient admissions in hospitals and clinics. The electric beds are among the major requirements for aged people and patients with critical conditions. The electric beds provide several facilities, such as extra comfort and improved blood circulations, and are equipped with caregiver assistance, which is very beneficial for such patients. Therefore, this may surge the demand for the product, thereby propelling the market growth over the forecast period. Gather more insights about the...

  Filter Needles Industry Overview The global filter needles market size was valued at USD 1.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2027. The increasing number of road accidents across the globe is one of the major factors driving the market. The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market for filter needles. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn wounds. Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for the deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middle...

Medical Equipment Maintenance Industry Overview The global medical equipment maintenance market size was valued at USD 35.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2027. Growing global demand for medical devices, rising prevalence of life-threatening diseases leading to higher diagnostic rates, and rising demand for the refurbished medical equipment are expected to drive the market for medical device maintenance during the forecast period. Currently, several medical devices such as syringe pumps, electrocardiographs, X-ray units, centrifuge, ventilator units, ultrasound, and autoclave are available in the healthcare industry. These are used for treatment, diagnosis, analysis, and educational purposes across the healthcare industry. As most medical devices are sophisticated, complex, and expensive, their maintenance is a very critical task. Maintenance of medical devices ensures that the devices are error free and operating ...

  Monopolar Electrosurgery Instrument Industry Overview The global monopolar electrosurgery instrument market size is estimated to be valued at USD 1.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2027. Increasing preference for minimally invasive surgeries, rising adoption of monopolar electrosurgery instrument by laparoscopic surgeons, and increasing prevalence of chronic conditions are some of the major factors driving the market. Gather more insights about the market drivers, restrains and growth of the   Global Monopolar Electrosurgery Instrument market Minimally invasive surgeries help in minimizing post-surgical complications, offer faster recovery and lower readmittance rates, thus reducing overall treatment cost. A study in The Journal of the American Medical Association stated that open surgery requires an average hospital stay of 7.4 days, while the hospital stays for laparoscopic and thoracoscopic surgeries ...

  Single-use Bioprocessing Probes And Sensors Industry Overview The global single-use bioprocessing probes and sensors market size was valued at USD 1.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% from 2021 to 2028. The growing demand for biopharmaceuticals is consequently driving the demand for single-use systems. Thus, the adoption of disposable systems in pre-clinical scale biopharmaceutical production is expected to propel the growth of the market for single-use bioprocessing probes and sensors. The COVID-19 pandemic has created lucrative opportunities for key stakeholders of the market for single-use bioprocessing probes and sensors. The pandemic provides a new perspective on implementation of single-use systems. Major biopharmaceutical companies are experiencing increased demand for bioprocessing technologies, in turn, driving the revenue. For instance, in September 2020, ABEC’s Custom Single Run (CSR) technology was selected by ...

  Flow Diverters Industry Overview The global flow diverters market size was valued at USD 252.92 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.9% from 2021 to 2028. The rising prevalence of brain aneurysm and risk factors associated with it and the growing inclination towards minimally invasive procedures are among the key factors driving the market. In addition, growing awareness among people regarding the treatment and initiatives taken by the government to prevent the rate of intracranial aneurysm are few other factors contributing to the market growth. Flow diverters have observed greater traction in 2020 as numerous products have been approved by the FDA for use in the intracranial aneurysm. This recent approval for flow diverters is expected to devour the market of embolic coils, which were earlier considered the gold standard for intracranial aneurysm treatment. Moreover, the surgical procedure for flow diverters is less complicated...

  Laryngeal Mask Industry Overview The global laryngeal mask market size was valued at USD 541.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2028. The growth can be attributed to the increasing product usage during surgeries or during anesthesia procedures. The upsurge in the number of surgical procedures coupled with the increasing demand for disposable devices is the key driver of the market for laryngeal masks. In addition, the burgeoning prevalence of chronic diseases that require surgeries and anesthesia is fueling the product demand, thereby boosting the market growth. For instance, according to medico-legal data provided by the Healthcare Insurance Reciprocal of Canada (HIROC) & Canadian Medical Protective Association (CMPA), more than 1 million surgical procedures are performed yearly in the country; which, drives the demand for laryngeal masks. Gather more insights about the market drivers, restrains and growth...

  Chemiluminescence Immunoassay Industry Overview The global chemiluminescence immunoassay market size was valued at USD 7.34 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028. Chemiluminescence immunoassay (CLIA) solutions are widely applied in the detection of chronic diseases, such as infectious disease, autoimmune disease, cardiovascular disease, diabetes, obesity, and cancer. CLIA is also used by various pharmaceutical companies and research institutes for therapeutic drug monitoring. The increasing awareness about the early diagnosis of chronic diseases and the rising drug discovery and development activities by pharmaceutical companies are considered to be the high-impact rendering drivers for the market. The COVID-19 pandemic has been crucial in shaping the clinical diagnostic industry research into the development of assays and molecular diagnostic research. Urgent need to aid the development of these diagnostic dev...

  Contrast Enhanced Ultrasound Industry Overview The global contrast enhanced ultrasound market size was valued at USD 1.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. Key factor attributing to the market growth include the introduction of affordable contrast agents, increasing ultrasound procedural volume, and contrast imaging modes becoming an integral feature of ultrasound systems. Furthermore, contrast enhanced ultrasound (CEUS) is more cost-efficient, radiation-free, and patient-friendly than other technologies. This is also expected to propel the market growth. The importance of integrating CEUS technology in Point-of-Care (PoC) diagnostics has been a key takeaway in the fight against COVID-19. This has contributed to growing adoption of contrast-enhanced ultrasound, owing to the advantage it provides in early diagnosis of COVID-19-related pneumonia. A sudden increase in the number of lung ultrasonography procedure...

  COVID-19 Detection Kits Industry Overview The global COVID-19 detection kits market size is valued at USD 3.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.05% from 2021 to 2027. Several nations are engaged in the development of kits and apps along with tracking programs for mass testing. The COVID-19 smartphone app established by Britain uses Bluetooth signals to identify COVID-19 affected individuals. This centralized approach also provides detailed data pertaining to the symptoms and risks of infection. Such initiatives accelerate the detection of infected patients, which further impacts revenue growth. Manual testing, pitfalls in read-out timing, and visual reporting lead to uncertain outcomes compared to automated tests. In regard to this, QIAGEN has developed an easy-to-use digital test, known as Access Anti-SARS-CoV-2 Total, in August 2020. This serology test is conducted on a portable digital device to offer reliable results in 10 m...