3D printing, also called as additive manufacturing refers to a process used for making three-dimensional (3D) solid objects using a 3D digital model. With the rising advancement and adoption of 3D printing, the technology is expected to become prominent in the healthcare industry.
Intravenous Solutions Market is Expected to Grow at 8.0% by 2031. Intravenous solutions present a combination of nutrients that support patients to get essential nutrition. The demand for intravenous solutions on the global front is undergoing steady growth and its market presents a higher growth in the Asia-Pacific region.
Personalized LASIK Surgery Market is Expected to Grow at 5.5% by 2031. Rising popularity of curative eye operation is predicted to assist the growth of the global personalized LASIK surgery market. Launching of technically modernized equipments, growing amount of eye care centers offering modified LASIK surgeries and growing consciousness related to efficiency and security are a few of the aspects predicted to stimulate the growth of the market during the estimated period.
This report on global 3D bioprinters market studies various technologies used for specific applications in the field of healthcare. bioprinters helps to replicate human organs and long term goal is to create a whole organ with this technology. However, this technology is in its rudimentary stage and as the system in developing stage it is slowly being accepted in the mainstream medical field.
The global market for medical devices is anticipated to increase at a CAGR of 5.5% from 2023 to 2030. An increasing number of patients are undergoing diagnostic and surgical treatments due to the increasing frequency of chronic diseases and the healthcare industry's emphasis on early detection and treatment. In developed and developing countries, the demand for medical devices, such as capital equipment and consumables, is fuelled by an increase in the number of hospitalizations and surgical and diagnostic procedures. Leading market participants are expanding their spending in R&D for the development of technologically improved equipment in order to meet the rising demand for novel devices. Over the projected period, the medical devices industry is anticipated to be bolstered by the rising investment of medical technology businesses in research and development, as well as by regulatory agencies' favorable clearance scenarios.
There are some limitations to wearable technology, including security and data privacy concerns. Despite these limitations, fitness trackers and activity monitors continue to enjoy a substantial market share due to their usability and benefits. The increased emphasis on fitness among adults worldwide and the increasing emphasis of regional and national healthcare agencies on monitoring and diagnosis have contributed significantly to the increase in demand for fitness trackers.
Although internet connectivity is essential for the transfer of patient data from remote devices to physicians, data security risks may impede the growth of the medical device market. Hence, this increases the risk of data security. The increasing use of connected devices increases the likelihood of data breaches or hackers. Almost 2,300 patients of Hammersmith Medicines Research had sensitive information including medical questionnaires, copies of their driver's licenses, passports, and national insurance numbers leaked in March 2020. On these patients, the research business was conducting trials for the COVID-19 vaccination.
Breakthroughs in medical technology have radically transformed patient care by enabling a greater emphasis on clinical outcomes. For instance, minimally invasive or non-invasive medical technology not only save recuperation time but decrease medical expenditures. The expansion of the markets for telemedicine and drug-eluting stents exemplifies the expanding trend in modern medicine to use cutting-edge technology to improve therapeutic outcomes.
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