Healthcare & Life Science

Wearable Smart Device Market Size, Growth, & Forecast Analysis The wearable smart device market was estimated at USD 68.82 billion in 2021 and is likely to grow at a CAGR of 14.7% during 2022-2028 to reach USD 180.3 billion in 2028.

The Global Anti-Aging Products and Therapies Market is projected to grow from USD 1.67 billion in 2020 to USD 2.68 billion by 2026 at a CAGR of over 8.2% during the forecast period.

The HPV Vaccines Market is projected to grow from USD 4.82 billion in 2020 to USD 11.79 billion by 2026 at a CAGR of over 16.1% during the forecast period.

The liquid biopsy market was valued at US$ 2.4 billion in 2021 and is expected to grow at a CAGR of 18% during 2022-2028 to reach US$ 7.64 billion in 2028.

Molecular Diagnostics Market is likely to witness an impressive CAGR of 9.0% during the forecast period. Major factors such as increasing incidence of cancer, growing prevalence of infectious diseases, and increasing occurrence of bacterial and viral diseases are expected to drive the growth of the market.

Healthcare Packaging market is likely to witness a CAGR of 6.4% during the forecast period. The prime factors that are driving the Healthcare Packaging market are increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers; increasing demand for microbial packaging; stringent regulations; and growing aging population, expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.

The Medical Marijuana Market is estimated to grow from USD 21.1 billion in 2020 to USD 53.0 billion by 2026 at a healthy CAGR of 17% during the forecast period.

Biohacking, also known as do-it-yourself (DIY) biology, which gives everyone including communities, individuals, research institutes and small group organizations, the ability to deconstruct and reconstruct biology using simple kits or supplements for the purpose of not only achieving their immediate outcomes as well as contributing to solving larger issues.

European In Vitro Diagnostics Market is likely to witness an impressive CAGR of 5.5% during the forecast period. Major factors driving the market growth include an increase in the number of genetic disorders and incidences of chronic and infectious diseases, growing awareness for the early diagnosis of life-threatening diseases, and increasing demand for point-of-care testing.

Medical Waste Management market is likely to witness an impressive CAGR of 5.6% during the forecast period. The market is witnessing significant growth on account of the growing geriatric and obese population along with the increasing volume of healthcare waste.

Digital Health Market is likely to witness an impressive CAGR of 12.3% over the forecast period. The key factor contributing to the demand for digital health is the surge in demand for remote patient monitoring.

Left Atrial Appendage Closure Devices Market is likely to witness an impressive CAGR of 24.5% during the forecast period. The prime factors that are contributing to the demand for left atrial appendage closure devices are growing ageing population, increasing occurrence of atrial fibrillation, increasing government initiatives, and the technological advancements taking place in the market.

The Wearable Medical Devices Market is expected to grow from USD 17.4 billion in 2020 to USD 60.5 billion by 2026 at a CAGR of over 23.7% during the forecast period.

Medical Aesthetics Market is likely to witness a steady CAGR of over 10.5%, during the forecast period. Major factors driving the market growth are increasing demand for minimally invasive and non-invasive aesthetic procedures, growing awareness of cosmetic procedures, rising disposable income, prevalence of skin diseases, and technological advancements.