The incidence of skin diseases is rising all across the globe. In addition to this, the harmful effects of ultraviolet rays is compelling people to seek medical treatment for the damage is being caused to the skin. This along with the surging pollution, tobacco consumption, and excessive alcohol consumption reduce the elasticity of skin and makes it prone to sunburns. Furthermore, acne a major skin condition, is affecting millions of people all over the world.

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Growth drivers like booming geriatric population, escalating healthcare expenditure, rising cases of chronic disorders, and increasing pipeline of age-related macular degeneration (AMD) therapeutics will boost the age-related macular degeneration market growth, at a CAGR of 7.6%, during 2016–2022. At this rate, revenue of the market is expected to rise from $5.3 billion in 2015 to $8.9 billion by 2022. AMD is a retinal disorder that leads to visual impairment or blindness among elderly…

Each year, cancer kills 9.6 million people, while heart diseases (CVDs) kill 17.9 million people, says the World Health Organization (WHO). These massive mortality rates and incidence of chronic diseases are leading to more hospitalizations each year, which is giving a strong push to the global healthcare industry. New medical facilities are being constructed, while the existing ones are being advanced and expanded. Now, one of the most essential steps to treating any disease, chronic or…

The self-monitoring blood glucose devices market generated $13.2 billion in 2017, and it is projected to reach $18.6 billion by 2023, advancing at a CAGR of 5.9% during the forecast period (2018–2023). The market growth is driven by the rising cases of diabetes, escalating awareness about diabetes care, growing obese population, and surging aging population. The International Diabetes Federation (IDF) states that by 2045, around 700 million people will be affected by diabetes. Moreover, the…

The increasing incidence of skin problems and chronic diseases is boosting the requirement for medical lasers across the world. Additionally, the surging geriatric population in several countries is propelling the demand for laser-based treatments, which is, in turn, fueling the progress of the medical lasers market. This is because elderly people are highly vulnerable to various skin disorders, on account of the reduced glandular and vascular network in their skin layers and the loss of…

One of the key factors responsible for the surge in the demand for wearable fitness trackers is the rising adoption of smartphone-based fitness tracking apps across the world. These apps, owing to their ability to provide a wide array of useful features, functions, and designs that help the consumers in their fitness journey, are witnessing a ballooning demand. Furthermore, the support granted to these apps by all the major smartphone operating systems, such as Android, Apple, and…