A new report by MarketsandMarkets predicts strong growth ahead for the global pharmacogenomics market. The market was valued at $3.5 billion in 2023 and is expected to reach $5.8 billion by 2028, reflecting a compound annual growth rate (CAGR) of 10.6% during this period. Pharmacogenomics refers to the study of how genes affect a person's response to drugs. This field combines pharmacology and...

A new report projects steady growth for the global transfection technologies market over the next several years. The market, valued at $1.2 billion in 2023, is anticipated to reach $1.8 billion by 2028, reflecting a compound annual growth rate (CAGR) of 9.4%. Driving this growth is an uptick in spending on research and development by biotechnology companies seeking to bring cell and gene...

The global medical laser market is expected to reach $8.3 billion by 2028, representing an 11.5% compound annual growth rate (CAGR) over the next five years, according to a new report by MarketsandMarkets. Key factors driving this growth include an increase in non-surgical cosmetic procedures utilizing medical lasers and a shift towards minimally invasive medical devices. Request for Free...

The global medical stick-to-skin adhesives market is expected to reach $3.7 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.5% over the next six years, according to a new report published by MarketsandMarkets. Key factors driving this steady growth include the rising prevalence of chronic wounds and surgical procedures, an aging population, and the shift toward minimally...

The global continuous bioprocessing market is projected to grow at a rapid pace over the next several years, according to a new report from market research firm MarketsandMarkets. The market was valued at $218 million in 2023 and is expected to reach $599 million by 2028, reflecting a compound annual growth rate (CAGR) of 22.4%. Continuous bioprocessing integrates the various steps involved in...

The global preparative and process chromatography market is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2028, according to a new report by MarketsandMarkets. The market, valued at $11.3 billion in 2023, is projected to reach $15.6 billion by 2028. The growth in this market is driven by factors like the increasing need for biosimilars, rising demand for insulin...

According to a new report from MarketsandMarkets, the global hemostats market is expected to see healthy growth over the next five years. The market was valued at $2.7 billion in 2023 and is forecasted to reach $3.7 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.7%. Several key factors are driving expansion in the hemostats sector. Firstly, there has been a rise in...

The global incontinence care products market is expected to reach $16.5 billion by 2028, exhibiting a CAGR of 5.6% over the next five years, according to a new report from MarketsandMarkets. Key factors driving this growth include the aging population and rising prevalence of chronic conditions leading to incontinence. However, the social stigma surrounding incontinence products could...

The global biotechnology contract manufacturing market is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2028 to reach $24.8 billion by 2028, according to a new report from MarketsandMarkets. Key factors driving this growth include increasing outsourcing of biologics manufacturing to contract development and manufacturing organizations (CDMOs), rising demand for...

The global veterinary telemedicine market is poised for strong growth over the next several years, according a new report by market research firm MarketsandMarkets. The market, valued at $530 million in 2023, is expected to reach $1.23 billion by 2028, reflecting an impressive 18.3% compound annual growth rate (CAGR). Several key factors are contributing to the rise of veterinary telemedicine,...