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Image: Increasing number of ICU admissions is augmenting demand for mechanical ventilators (Photo courtesy of Pexels)

Global Mechanical Ventilator Market to Surpass USD 11.5 Billion by 2027 Due to Increasing ICU Admissions

The global mechanical ventilator market is expected to register a CAGR of 12.7% during the period 2021-2027 to reach USD 11.7 billion by 2027, driven by an increase in the prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders, as well as rise in the number of hospitals and diagnostic centers. More...
19 Apr 2022
Image: Rising prevalence of chronic diseases is driving the global POCT market (Photo courtesy of Pexels)

Global Point-of-Care Testing (POCT) Market to Surpass USD 55 Billion by 2030

The global point of care testing (POCT) market was valued at USD 29.47 billion in 2020 and is expected to grow at a CAGR of 6.5% from 2021 to 2030 to reach USD 55.27 billion by 2030, driven by a rise in the prevalence of chronic diseases such as diabetes, rheumatism, and cancer and several supportive initiatives implemented by government and non-government organizations. More...
19 Apr 2022
Image: Global surgical tables market is projected to record CAGR of 3.9% over 2017-2022 (Photo courtesy of Pexels)

Global Surgical Tables Market to Surpass USD 1 Billion by 2022

The global surgical tables market is projected to grow at a CAGR of 3.9% from over USD 0.80 billion in 2017 to more than USD 1 billion by 2022, driven by improving healthcare infrastructure, rising accident cases, growing geriatric population, and increasing number of surgeries across the world. More...
15 Apr 2022
Image: Multi-parameter patient monitoring market to register CAGR of 4.6% over 2022-2028 (Photo courtesy of Pexels)

Multi-Parameter Patient Monitoring Market to Surpass USD 6 Billion by 2028 Due to Demand for Intensive Care

The global multi-parameter patient monitoring market is expected to register a moderate CAGR of 4.6% over the period 2022-2028 to surpass USD 6 billion by the end of 2028, driven a boost in healthcare spending due to rising affluence in the emerging markets and increasing aging population in developed economies. More...
14 Apr 2022
Image: Global minimally invasive surgery market to surpass USD 23 billion by 2031 (Photo courtesy of Unsplash)

Global Minimally Invasive Surgery Market to Surpass USD 23 Billion by 2031 Due to Increasing Geriatric Population

The global minimally invasive surgery (MIS) market was valued at over USD 8.5 billion in 2020 and is expected to grow moderately to surpass USD 23.5 billion in 2031, driven by lowered risk of infection & complications, reduced scarring & quicker recovery with less pain, less expensive than traditional surgery, favorable reimbursement scenario, rise in cancer awareness and government patient support programs. More...
12 Apr 2022
Image: BD Nano 2nd Gen Pen Needles (Photo courtesy of Embecta Corp.)

BD Completes Diabetes Care Business Spinoff to Focus on Core Business

Becton, Dickinson and Company (BD Franklin Lakes, NJ, USA) has completed its spinoff of Embecta Corp. (Franklin Lakes, NJ, USA), which holds BD's former Diabetes Care business and is now one of the largest pure-play diabetes management companies in the world. More...
04 Apr 2022
Image: Fresenius Kabi’s acquisition of Ivenix is designed to transform advanced infusion care (Photo courtesy of Unsplash)

Fresenius Kabi to Acquire Medical Technology Company Ivenix

Fresenius Kabi (Bad Homburg, Germany), which specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition, has agreed to acquire Ivenix, Inc. (North Andover, MA, USA), a specialized infusion therapy company. More...
04 Apr 2022
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HospiMedica Industry News channel updates the reader on mergers and takeovers, on cooperative agreements and on trends in the healthcare industry worldwide.
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