The Global Leukapheresis Market- Industry Trends & Forecast Report 2027

The global leukapheresis market was worth USD 51.6 billion in 2020, and is further projected to reach USD 87.5 billion by 2027, at a CAGR of 7.8% during 2021-2027 (forecast period). The leukapheresis procedures are performed to determine the cause of a decline in white blood cell counts Increasing incidence and prevalence of leukemia disease, demand for leukopaks for research applications, and an increase in blood donations are some of the factors driving the market demand. Furthermore, pharmaceutical and biopharmaceutical companies have been growing their investment in medical research and development, which contributes to the overall market growth.

Source: BlueWeave Consulting

 

Global Leukapheresis Overview

Leukapheresis is a medical procedure that separates white blood cells (leukocytes) involved in the body's immune response from a blood sample. It is a type of apheresis in which a component of blood is extracted while the remaining blood is returned to circulation. Leukapheresis is often used to decrease very high white blood cell (WBC) counts such as can occur with chronic blood cancers like chronic lymphocytic leukemia (CLL). It can also be used to collect white blood cells for later transplant, such as to treat sharp declines in WBC counts caused by cancer chemotherapy.

 

Global Leukapheresis Market Trend

Growth Drivers

Rising Cases and Prevalence of Leukemia

Leukemia is a type of blood cell cancer. Blood cells are classified into three types: red blood cells (RBCs), white blood cells (WBCs), and platelets. Leukemia, in general, refers to cancers of the white blood cells. The rising incidence and prevalence of leukemia have risen significantly because of the genetic history of leukemia (inherited) and excessive smoking by pregnant women, which infects their blood and weakens their immune system. In 2020, the American Cancer Society estimated that there are 60,530 leukemia cases in the United States, owing to which the number of therapeutic leukapheresis procedures is increasing, thereby boosting the growth for the global leukapheresis market. Consumption of leukopaks has risen dramatically due to an increase in leukemia cases worldwide. Furthermore, since leukopaks are generated from normal peripheral blood and are transfused into infected bodies, the increased use of leukopaks fuels the growth of the global leukapheresis industry.

Rise of Leukapheresis in Pediatric Patients

According to the Leukemia & Lymphoma Community, 7.2 children...

The Global Autoinjectors Market- Industry Trends & Forecast Report 2027

The global autoinjectors market was worth USD 44.3 billion in 2020 and is further projected to reach USD 120.2 billion by 2027, at a CAGR of 15.4% during the forecast period (2021-2027). The integration of technology with medical devices and an increasing number of targeted therapies worldwide drive the growth for autoinjectors market. Since cancer patients commonly use targeted treatments, the demand has grown as the global prevalence of cancer has increased. According to WHO, there will be 30.2 million cancer cases worldwide by 2040. In addition, the rising number of anaphylactic shock cases among anaphylaxis patients is boosting the industry.

Source: BlueWeave Consulting

 

Global Autoinjectors Overview

A syringe with a preloaded dose of medication and a spring-loaded needle are considered as autoinjectors. When the device is pressed against the body in a stabbing motion, it activates and administers a calculated dose of medication. Autoinjectors are widely used by migraine sufferers to self-administer epinephrine (to avoid anaphylaxis) and by military and emergency service personnel to counteract the effects of nerve agents. Autoinjectors have a number of advantages, including reducing the risk of needle-related phobia disorder, decreasing the risk of needle-stick injuries, maintaining dose quality accuracy, and increasing efficacy.

 

Global Autoinjectors Market Trend

Growth Drivers

Increasing Number of Technological Advancements

Technological advancements in the field of healthcare has positively impacted the market. Nowadays, auto-injectors are preferred over conventional devices as they enable efficient and improved drug delivery as well as new formulations. Technological advancements in products are also anticipated to boost growth for the market. Collaboration with top academic institutions and engineering companies to create innovatively advanced autoinjectors for patients who need them most is a key component of creating a good Research & Development (R&D) company that drives the market growth. For instance in April 2021, Teva Pharmaceutical Industries Ltd., announced the launch and availability of a new autoinjector for AJOVY. People who are suffering from four migrane days in a month can use AJOVY. It is a subcutaneous medication used to avoid migraine attacks in adults. It was only available in prefilled syringes when it was first introduced in 2020, but now AJOVY is available in two formats: autoinjectors and prefilled syringes.

Growing Prevalence of Targeted Therapies

Targeted therapy is...

Global Hackathon Management Software Market- Industry Trends & Forecast Report 2026

The global hackathon management software market was worth USD 187.1 million in 2020 and is further projected to reach USD 292.2 million by 2026, at a CAGR of 8.0% during 2021-2026 (forecast period). The hackathon management software market is expected to grow in response to the growing need for data security and protection among small, medium, and large businesses in both developed and emerging nations. Additionally, the growing demand for developing innovative software-driven solutions by organizing hackathons across various segments like government, commercial businesses and others is driving the growth of the market. The demand for hackathon management tools is also projected to increase as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), become more widely used in security systems. Furthermore, the growing adoption of cutting-edge technology such as data mining, data analytics, and business intelligence (BI) is expected to fuel the hackathon management software market. Furthermore, the hackathon management software market has grown as a result of the hackathon management software's ability to ensure the smooth running of the hackathon events.

Source: BlueWeave Consulting

 

Global Hackathon Management Software Market Overview

Hackathon management software is a platform provided to various developers and practitioners around the world to showcase their skills in software development. While hackathons are designed to achieve a specific purpose, they may also serve as a way for developers to meet potential employers. A hackathon management software aids in assigning multiple judges, setting various evaluation parameters, providing ratings and scores to each idea or solution, and creating a real-time dashboard for analyzing the performance of various developers and teams. t also allows for peer voting, as well as the possibility of leaving suggestions after each concept has been evaluated.

Growth Drivers

Rising number of hackathons pertaining to the environment and climate change contributing to the market growth

With the rising concerns pertaining to the environment and climate change, the need for the environment-driven hackathons have increased. Various organizations and enterprises around the world have been incorporating hackathon management software for finding solutions to curb various environmental issues. For example, in June 2020, HackerEarth announced a hackathon arranged by Clean Air Asia (CAA)--an international non-governmental organization whose mission is to to...

Global Advanced Wound Care Market Size - Industry Trends & Forecast Report 2027

The global advanced wound care market was worth USD 10.1 Billion in 2020 and is further projected to reach USD 18.4 Billion by 2027, at a CAGR of 8.4 % during 2021-2027 (forecast period). Many factors have The global advanced wound care market is driven by multiple factors, including an aging population, an increase in diabetes cases, technological advancements, and growing wound management awareness. The industry is also benefiting from increased funding for wound care studies.. Additionally, the advanced wound care market is also growing due to increased demand for novel and advanced wound care products, as well as an increase in the number of trauma and burn injuries.

Source: BlueWeave Consulting

Global Advanced Wound Care Market Overview:

The funding for wound care research is increasing, thereby propelling the market growth. Injuries from trauma and burns are also on the rise, which in turn is boosting the wound care market's revenue. One of the key factors that will drive the growth of the advanced wound care market in the coming years is the rising prevalence of several lifestyle disorders that lead to long-term wounds, such as diabetic venous leg ulcers, foot ulcers, and pressure ulcers. Moreover, due to the effectiveness of advanced wound care products in treating wounds, conventional wound care products are gradually being replaced by advanced wound care products. Nevertheless, the high cost associated with wound care products is a restraint in the growth of the market.

 

Global Advanced Wound Care Market Forecast and Trends

Growth Drivers

Rising prevalence of Diabetes and Obesity

One of the most significant global health crises in the 21st century is Diabetes and Obesity. These chronic conditions can increase the risk and severity of wounds such as lesions...

Global Pet Treats Market- Industry Trends & Forecast Report 2027

The global pet treats market has a market worth of USD 20.3 billion in the year 2020. It is further projected to grow at a CAGR of 15.2% in the forecast period, reaching the market value of USD 55.1 billion in 2027. Expansion of pet adoption in developed regions, as well as the humanization of pets, especially in western countries, are some of the factors driving the global pet treats market forward. Furthermore, pet owners are getting more aware of the nutritional needs of their pets, which is expected to drive the market forward during the forecast period.

Source: BlueWeave Consulting

Global Pet Treats Market- Overview

The pet treats industry includes businesses that manufacture food for dogs, cats, birds, and other animals, including reptiles, and marine animals. Pet treats are nutritious treats that pet owners offer to their pets in between full-course meals. These products are not intended to meet all of a pet's nutritional needs; rather, they serve as comfort foods. Animal treats come in a range of sizes, flavors, looks, and textures to meet the needs of consumers. The pet treats are high in nutritional value to help the pets meet their nutritional requirements.

Global Pet Treats Market Forecast and Trends

Growth Drivers

Rising Adoption of Pets Driving the Global Pet Treats Market Forward

One of the major factors driving the market growth forward is the rising adoption of pets, especially in developing countries. Because of the humanization of pets, pet owners are becoming more aware of their pet’s nutritional needs and are feeding them only high-quality, nutritious food. This factor is likely to contribute significantly to the growth of the global pet treats market. Furthermore, with rising per capita income, pet owners across the world are willing to spend more toward maintaining their pet’s health.

Expanding Product Range Expected to Drive the Market During the Forecast Period

Pet treat manufacturers all over the world are focusing heavily on dominating the market by launching a diverse range of products to meet the needs of various types of pets with varying age groups and nutritional requirements. For example, dogs prefer crunchy and chewy treats, whereas cats prefer wet foods. However, in order to meet their basic nutritional needs, both of these animals require high protein treats....

Global Concentrating Solar Power Market- Industry Trends & Forecast Report 2027

The global concentrating solar power (CSP) market was worth USD 3.25 billion in 2020. It is further projected to reach USD 8.40 billion by 2027 at a CAGR of 14.6% during 2021-2027 (forecast period). Solar power is generally used because it is a cost-effective source of energy that helps reduce power bills while also reducing CO2 emissions that harm our environment. The major factors driving the global concentrating solar power market forward are the environmental concerns and the expanding efforts to cut down carbon emissions to a great extent.

Favorable government policies to promote the adoption of renewable technologies, along with the rising popularity and success rates of concentrating solar power systems are further contributing to the growth of the global concentrating solar power market. Additionally, countries such as China, Italy, Spain, and the United States are increasing their investments in CSPs, driving up demand for renewable energy generators.

Source: Blueweave Consulting

Global Concentrating Solar Power Market- Overview

Concentrating solar power (CSP) plants utilize mirrors for concentrating the sun's energy, which is then used to power conventional steam turbines or engines for generating electricity. CSPs are massive installations that are best suited for high-end utility-scale projects. Thermal storage systems, power tower systems, linear concentrator systems, and dish/engine systems are examples of concentrated solar power systems. Concentrating solar power has several advantages, including reduced investment costs, greater efficiency, and enhanced hybrid operational capability.

Global Concentrating Solar Power Market Forecast and Trends

Growth Drivers

Rising Prevalence for Renewable Sources of Energy will Drive the Market Forward

Because of growing environmental and carbon-emission concerns, the renewable energy industry has gained significant traction in recent years. As a result, concentrating solar power installations have increased exponentially over the last decade. It is also expected that every country will increase its budget and attempt to shift toward renewable energy sources, thereby propelling the demand for concentrating solar power, globally. Countries are looking for ways to reduce carbon emissions while also being able to produce energy in large amounts. CSPs are the best choice for doing this since they generate electricity at high efficiencies while having lower operating costs.

Consistent Government Support Driving the Growth of the Market

Government efforts in the promotion of renewable energy sources are commendable and...

Global Industrial Gases Market- Industry Trends & Forecast Report 2027

 

The global industrial gases market reached USD 93.1 Billion in 2020. It is further projected to reach USD 147.1 Billion by 2027, at a CAGR of 6.5% during the forecast period (2021-2027). The rising application of industrial gases in numerous areas such as health care, food and beverage, electronics and semiconductors, flat panel display and printed electronics, and fertilizer production is driving the growth of the global industrial gases market. Additionally, the increased demand for industrial gases has been fueled by the growing demand for global crude oil and the need for refining.

Due to excessive demand from the healthcare and food & beverage industries, companies operating in the global industrial gases sector had to ramp up production of certain industrial gases like oxygen, nitrogen, and carbon dioxide during the lockdown phase. Since companies are always looking for cost-effective and sustainable processes for the production of industrial gases, this factor is likely to propel the growth of the global industrial gases market.

Source: BlueWeave Consulting

Global Industrial Gases Market Overview:

Industrial gases are the gases that are produced for industrial use. Gases like oxygen, nitrogen, hydrogen, carbon dioxide, methane, ammonia, argon, helium, and krypton-xenon are known as industrial gases. These gases are used in a variety of industries for a variety of purposes. Industrial gases are used in the chemical industry, science and analysis, the food and beverage industry, manufacturing, trades and crafts, and rubber and plastics production, to name a few.

The most popular methods for purifying industrial gases are cryogenic distillation and adsorption. Other gases are generated using a variety of methods. For example, the reaction of water with calcium carbide produces acetylene, while the electrolysis of water produces hydrogen. The most common source of nitrogen is the fractional distillation of air,...

Global Digital Health Market Size - Industry Trends & Forecast Report 2027

The Global Digital Health Market was worth USD 120.2 Billion in 2020 and is further projected to reach USD 480.1 Billion by 2027, at a CAGR of 21.4 % during the forecast period (2021-2027). The market is driven by many factors. including the widespread use of tablets and smartphones, the advent of revolutionary mobile health, the growing demand for advanced healthcare information systems, and favorable government policies. Furthermore, the increasing adoption of mobile and wearable devices, as well as electronic health record systems is expected to drive the global digital health market forward.

Source: BlueWeave Consulting

Global Digital Health Market Overview:

 

Digital health makes use of information and communication technologies in a wide range of healthcare processes. It is extensively used in the healthcare sector for research, early diagnosis of chronic health conditions, and the betterment of overall health and wellness. Digital health tools can also help patients alleviate certain symptoms associated with their diseases besides reducing the duration of the disease. Healthcare organizations are increasingly investing in IoT technologies because they enable end-users to provide real-time healthcare services to patients via smart devices. This is increasing the demand for digital software and solutions in the healthcare sector. Additional factors contributing to the growth of the market are the rising prevalence of chronic diseases and the aging population. Furthermore, growth in the healthcare sector and favorable government regulations are expected to drive market growth over the forecast period.

 

Global Digital Health Market Forecast and Trends

Growth Drivers

Surging Adoption of Cloud Computing in Digital Health Prominent Market

One of the biggest trends recently witnessed in the digital healthcare market is the soaring adoption of cloud computing. Cloud computing in healthcare surges the efficiency of the industry while...

The Global Molecular Diagnostics Market- Industry Trends & Forecast Report 2027

The global molecular diagnostics market was worth USD 15.29 billion in 2020 and is further projected to reach USD 31.98 billion by 2027, at a CAGR of 11.1% during the forecast period (2021-2027). The rising prevalence of infectious diseases, the occurrence of various types of cancer, along with scientific advancements in molecular test methods are all driving market growth.  The growing number of geriatric populations who are more likely to get infected by infectious diseases due to their weak immune system has further fueled the global molecular market. Molecular diagnostics are widely used to test samples of infectious diseases such as COVID-19 and cancer, as well as to deeply rectify the infected body's DNA molecule.

Source: Blue Weave Consulting

Global Molecular Diagnostics Market Overview

 Molecular diagnostics is the study of biomarkers in the genome and proteome using different strategies. For diseases such as cancer, communicable diseases (such as ebolavirus, malaria, dengue, coronavirus), and genetic abnormalities, these methods are used to direct patients from diagnosis to treatment. These methods aid in the discovery of disease-causing genetic variants.  PCR (Polymerase chain reaction), real-time PCR, fluorescence in situ hybridization, gel electrophoresis, RFLP (restriction fragment length polymorphism analysis), hybrid capture, single-stranded conformation polymorphism, and other assays are examples of molecular diagnostic procedures that are commonly utilized. The pace and sophistication of new molecular diagnostic methods have been increasing significantly. While some methods have proven to be extremely beneficial in clinical settings, others, such as genomics, continue to hold great potential in the global molecular diagnostic market. Molecular diagnostic procedures are also one of the fastest-growing segments of in-vitro diagnostics.

 

Global Molecular Diagnostics Market Trend

Growth Drivers

Increased Number of Geriatric Population

The rising prevalence of molecular diagnostics is due to the growing geriatric population, which has a weak immune system and is more vulnerable to infectious diseases such as seasonal change fever, cold, and cough. According to the United Nations, there were 703 million people over the age of 65 in 2019, with Asia leading the way in terms of the aging population. The three major countries contributing to the Asiatic regions are China, Japan, and India. Because of the growing geriatric population, hospitals are increasingly using molecular diagnostic techniques to detect and treat diseases that people are suffering from, thereby propelling...

Global Radiopharmaceuticals Market Size - Industry Trends & Forecast Report 2027

The global radiopharmaceuticals market was worth USD 4.31 Billion in 2020 and is further projected to reach USD 6.43 Billion by 2027, at a CAGR of 6.0% during 2021-2027 (forecast period). The growth of the market is aided by an increase in cancer cases and the increased use of medical imaging as a diagnostic tool. Other factors contributing to the market's continued growth include improved R&D activities, especially in developing economies, and the advancement of radiopharmaceutical applications such as thyroid, oncology, and bone pain palliation

Source: BlueWeave Consulting

Global Radiopharmaceuticals Market Overview:

Radiopharmaceuticals are pharmaceutical formulations that include radioactive isotopes used in diagnosis and therapeutics. They include a radioactive agent used to treat cancer, as well as heart and neurological conditions. Nowadays, medical practitioners are using more convenient therapeutic radiopharmaceutical methods in place of traditional chemotherapy for oncology and cancer treatment, which is unlocking new avenues in the radiopharmaceuticals market. Moreover, it helps physicians during diagnosis and works as a suitable and safer substitute for patients compared to X-Rays and other external radiation imaging devices.

 

 

Global Radiopharmaceuticals Market Forecast and Trends

Growth Drivers

High demand for early diagnosis in the event of cancer and cardiovascular chronic diseases

High demand for single-photon emission computerized tomography (SPECT) and Positron emission tomography (PET) scans to diagnose diseases like cancer and other chronic disorders are contributing to the Radiopharmaceuticals Market. A sharp rise in cancer incidence and increased use of medical imaging as a diagnostics procedure are driving the growth of the market. Moreover, patients nowadays are becoming more aware of the accuracy of their diagnoses, which in turn is driving the market growth. Additionally, rising molecular imaging applications are a major contributor to the global radiopharmaceuticals market's growth.

 

Convenience of treatment

Owing to the ease of the procedure, which requires minimally invasive procedures, patients nowadays prefer radiopharmaceuticals over chemotherapy. The increasing number of cardiac patients and the adoption of clear imaging techniques, with the help of investigative equipment such as PET and SPECT, are the factors that are driving the global radiopharmaceuticals industry. For oncology and cancer therapy, these are more convenient and suitable therapeutic radiopharmaceuticals. It not...