Analysis of Telehealth Market: Current Trends, Drivers, and Opportunities

 Nowadays, acquiring superior healthcare services has become easy due to the rapid evolution of efficient telehealth services. This is due to fast-paced digitalization that spans the healthcare area significantly, encompassing telemedicine and eHealth. This offers remote medical care, overcoming traditional clinical challenges and redefining patient experiences. Particularly, the telehealth market is changing the way of healthcare services, making it convenient, efficient, and patient as well as doctor-friendly. Telehealth-enabled services highlight the beginning of a high-tech era for healthcare settings beyond physical consultations and hospital visits. 

As of 2024, the global telehealth market held a revenue of approximately $123.26 billion and is projected to grow at a CAGR of 24.3% to reach USD 455.27 billion by 2030. This growth is driven by rising virtual healthcare solutions, aging populations, health-tech advances, and supportive regulatory initiatives. Additionally, the dominance of Artificial Intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML) tools in telehealth are making virtual healthcare highly efficient and accessible. Moreover, teleconsultations, real-time monitoring, remote diagnosis, and treatment, are the major benefits of telehealth, bridging the gaps in accessibility and efficient therapeutic services in rural and underserved areas.  This healthcare advancement is not just about convenience but its ensuring that each person is able to get quality healthcare regardless of their location. 

Driving Forces of Telehealth Market: 

1. Aging Population and Chronic Diseases: The surge in the prevalence of chronic diseases and the geriatric population, which is more prone to these diseases, impacts the demand for accessible healthcare solutions worldwide. Telehealth is a novel alternative for managing this healthcare burden, serving growth opportunities for the market. 
2. Health-tech Advancements: The ample internet availability, artificial intelligence advances, and growing inclination of users towards digitalization have transformed the feasibility and appeal of telehealth services. Using telehealth services, patients can gain immediate access to healthcare information, upgrading market stakes. 
3. Adequate Reachability: Telehealth connects the gap between healthcare settings and patients by providing clinical services in remote or underserved areas. This feature offers timely medical consultations and guidance at home, attracting more patients and increasing its demand.

 Okay, now you are aware of the potential drivers of the telehealth market. But, what is making telehealth popular among the population? 

• Improved Access: Rural areas are majorly lacking healthcare access. This can be efficiently resolved by telehealth services, providing an opportunity to connect with healthcare professionals without the need for physical visits, and ensuring timely medical intervention.  

• Affordable Alternative: Telehealth is considered a cost-friendly way of acquiring medical care as it does not require travel and face-to-face visits, which ultimately decreases expenses and makes healthcare more affordable. 

• Convenience: Telehealth is not only an efficient option but also serves comfort by offering remote monitoring and virtual consultations to their patients. These trends encourage patients to prefer these services actively to prioritize their health. 

How telehealth market is expanding so fast? 

With emerging trends, the telehealth arena is expanding itself with current developments as follows: 

• Establishing E-clinics:  

Using technological advances, various hospitals have begun to invest in virtual clinics to offer superior patient-doctor interaction, appointment assistance, initial diagnosis, and medical advice. For instance, in March 2023, the Royal Phillips came up with a virtual care management program to decrease the healthcare burden and ease the management of chronic disease by providing remote care.

• Upgrading Policies and Regulations:

The growing interest of government in health insurance programs positively changes telehealth trajectories among the population.  For instance, as per the latest update, the US Medicare program expanded telehealth services for non-behavioral and mental health care, allowing patients to receive these services remotely from March 2025. 

Additionally, the growing focus of regulatory bodies on supportive regulations for making telemedicine accessible changing the market dynamics.  Recently, in January 2025, the U.S. Drug Enforcement Administration (DEA) presented new telemedicine regulations, with the intent to maintain open access to telehealth treatments while ensuring patient safety.  

• Bringing Innovative Initiatives: 

Several leading companies are investing in the telehealth sector to bring innovation and sustain their upfront position in a competitive environment. For instance, in January 2024, Amazon stepped into the healthcare sector and launched Amazon Clinic to provide virtual healthcare services. This clinic integrated with One Medical offering in-person and telehealth services across the United States.  

Altogether, these developments reflect the dynamic nature of telehealth services. However, the consistent evolution to meet patient needs and integrate technological advancements will likely establish a promising future for the telehealth market.

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U.S. Cannabis Market is set to Embark on Innovation, Wellness Benefits and Growth Prospects

 From stigmatic impressions to almost legalized, the journey of cannabis is astonishing in the U.S. region. It has significantly come a long way by overcoming the prohibitive challenges. Due to wellness benefits and acceptance, the U.S. cannabis market is witnessing impressive demand. By 2030, the U.S. cannabis market is anticipated to reach a revenue of USD 76.39 billion at a growth rate of 12.10%.

Here are the insights on the driving forces, innovative efforts, and future outlook of the U.S. cannabis market

What exactly is fueling the growth of the U.S. cannabis market?

Several key drivers are transforming the market landscape, such as evolving regulations, changing consumer behavior, and growing research into its benefits, as discussed below:

1. U.S. State-level Acceptance

The legalization of cannabis in about 20 states of the U.S. region is the biggest contributor to its booming demand. The recreational use of cannabis as medical marijuana creates new opportunities for business revenues. Legalization offers many benefits, but it also brings challenges at a certain level. Firm regulations that ensure public safety will likely to enhance cannabis demand in the market.

2. Positive Consumer Perceptions:

Cannabis has long been associated with negative stereotypes, but the growing awareness about the health benefits of cannabis surpasses this taboo among US residents. People are more inclined to wellness aspects associated with cannabis, such as pain control, anxiety management, and mental stability, influencing consumer behavior positively. More commonly, It’s now recognized as a legitimate wellness product due to its therapeutic potential.

3. Growing Popularity among Gen Y and Gen Z

Considering the wellness trend, cannabis has become prevalent among millennials and Generation Z. These populations are aware of alternative health and wellness solutions, promoting its growth in the market. Moreover, the elevated inclination of younger consumers is increasing their demand for various purposes such as stress relief or overall well-being, turning cannabis stake to a high level in the U.S. For instance, in 2022, an article published by PubMed demonstrated that around 34% of US legal states prefer cannabis for wellness purposes, highlighting a shift in consumer preferences.

4. Elevated Cannabis Usage for Wellness Purposes

Cannabis awareness in the wellness space is increasing at a faster pace, leading to booming preferences. Whether there are psychotic symptoms or chronic pain, cannabis is managing ailments from anxiety to insomnia. This potential seeks out the consumer's favor and makes it a natural wellness alternative. In addition, particularly, CBD is popular for non-psychoactive properties such as pain relief that further sustain its dominant position in the U.S. For instance, a review in the National Institute of Health (NIH) published in 2023 highlights that the therapeutic potential of cannabis in managing chronic pain and neurological disorders is providing promising evidence for its use in clinical settings. As people continue to prioritize mental health and wellness, cannabis is poised to play a market growth.

5. Expanding Innovative Cannabis Products

The cannabis industry excels not only in wellness but also in innovation. Infusing cannabis to make innovative products is trending and getting significant support from consumers. In this race, cannabis-infused beverages are in the top position, gaining more attention from health-conscious consumers. For instance, a recent article from Business Insider depicts the growing trend of cannabis-infused beverages, with companies such as Canopy Growth and Coca-Cola focusing on product development in this space.

Apart from this, cannabis-based vaporizers, gummies, transdermal patches, and beauty products are available. In addition, cannabis edibles, including brownies to gourmet options, are enabling consumers to seek these products without worrying about overconsumption of them, concurrently getting medicinal benefits. Thus, with the increasing demand for these innovative products, various manufacturers are eager to invent newer products that benefit everyday life.

6. High Prioritization of Cannabis Research

Along with consumers, various researchers are shifting their attention to cannabis and expanding their research activities pertaining to its applications. Earlier, the psychoactive effects of cannabis were researched well, but considering the current scenario, researchers are focusing on its broader medicinal applications, from pain control to its role in maintaining anxiety, stress, depression, and neurological abnormalities.

Moreover, the growing research relevant to cannabinoids such as CBD and THC has opened doors to new treatment possibilities. Researchers are pinpointing cannabis compounds and their interactions with the body’s endocannabinoid system, which could lead to groundbreaking discoveries about how cannabis can be used to treat a variety of conditions. Recently, in October 2024, researchers from Johns Hopkins Medicine found that the cannabis compound known as d-limonene has a significant role in reducing anxiety and panic behavior.

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Why The Future of Cannabis Is Brighter Than Ever Before?

In 2025 and beyond, the U.S. cannabis market is set to witness exponential growth opportunities due to evolving consumer perceptions, complementary legislative support, innovative cannabis products, and rising acceptance. Along with that, the continued expansion of legal cannabis markets, the increase in innovative approaches as well as research efforts, and growing consumer support are enhancing the cannabis market space, creating exciting opportunities for the future.

As cannabis continues to break down social stigma and potential challenges, the cannabis market growth is certain. The coming years will likely witness cannabis incorporated into even more aspects of our daily lives, making it an essential part of the wellness and recreational landscape.

Molecular Diagnostics Market: Analyzing the Impact of Emerging Technologies

 The global molecular diagnostics market size is expected to reach USD 17.97 billion by 2030, and expanding at a CAGR of 4.5% from 2024 to 2030, according to a recent study by Grand View Research, Inc. The contraction in the market will be due to the decline in demand for molecular testing for COVID-19. However, factors such as the rising geriatric population and increasing demand for technologies such as NGS is expected to drive market growth.

 

Molecular diagnostics plays an important role in infectious disease testing as they can yield effective and fast results. Hence, the increasing prevalence of hospital-acquired infections & infectious diseases is projected to drive the market over the forecast period. Increasing incidence and awareness regarding genetic disorders is further anticipated to accelerate market growth. The miniaturization of three basic molecular assays-nanobiotechnology, biochips, and microfluidics are expected to increase the accuracy and specificity of diagnostic outcomes, and hence, increase the demand for molecular diagnostic products. These improvements are expected to enhance the availability of PoC molecular diagnostic tests to yield quick and effective test results.

 

Gather more insights about the market drivers, restrains and growth of the Global Molecular Diagnostics Market

 

Companies are expanding their product portfolios with the acquisition of smaller companies. For instance, in March 2021, Hologic announced the acquisition of Diagenode-a molecular diagnostic company with a wide range of PCR instruments, facilitating the detection of over 30 bacteria-for USD 159 million. Similarly, in April 2021, F. Hoffmann-La Roche Ltd. acquired GenMark Diagnostics, Inc. at a price of USD 24.05 per share in cash, and it holds around 82.89% of total shares of GenMark Diagnostics. GenMark Diagnostics, Inc. has proprietary technologies, such as eSensor XT-8 and ePlex, which can be utilized in developing tests for infectious diseases, including bloodstream infections.

 

Key players are enhancing their range of testing options for real-time PCR instruments by increasing R&D activities for the development of kits that target emerging diseases or by entering into agreements with other kit manufacturing companies. These include the introduction of Cobas HPV test assay in Cobas 4800 by Roche Diagnostics. The introduction of tuberculosis testing Xpert assay on GeneXpert platform by Cepheid is an example of such advancement. Such advances are anticipated to drive the global molecular diagnostics market.

 

Molecular Diagnostics Market Segments Highlights:

 

• The reagents segment dominated the market and accounted for a share of 62.2% of the global revenue in 2023. It is expected to maintain its dominance throughout the forecast years owing to its wide application scope in research & clinical settings and increasing adoption of novel tests.

• The polymerase chain reaction technology segment accounted for the largest revenue share in 2023. This is attributed to its use in detecting COVID-19 and other infectious diseases.

• The infectious diseases segment accounted for the largest revenue share in 2023. The increased usage of molecular, particularly PCR tests, for diagnosing COVID-19 has increased the segment share significantly.

• The central laboratories segment dominated the industry in 2023 owing to high procedure volumes for COVID testing and other healthcare indications in central laboratories.

• North America dominated the market and accounted for a 39.3% share in 2023. This is attributed to the rising epidemiology of infectious as well as chronic diseases, thus, encouraging companies to introduce novel molecular diagnostic tests, thereby boosting market growth.

• Asia Pacific is anticipated to exhibit significant growth from 2024 to 2030 owing to increased market penetration, initiatives of local market players to increase the adoption of novel diagnostic technologies, and high unmet market needs.

 

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Digital Therapeutics Market: Transforming Healthcare Delivery

 The global digital therapeutics market size is expected to reach USD 32.52 billion by 2030, exhibiting a CAGR of 27.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The primary driver for expanding the market growth is the increased use of smartphones. The affordability of digital health technologies for healthcare providers & patients, rising demand for integrated healthcare systems, and care focusing on the patient are key factors fueling the market's growth. Furthermore, the growing globalization and shifts in lifestyle habits, such as higher rates of tobacco use, inadequate nutrition, insufficient physical activity, and rising alcohol consumption, increase the likelihood of chronic disease development.

 

Gather more insights about the market drivers, restrains and growth of the Global Digital Therapeutics Market

 

The market’s expansion is significantly influenced by the increasing adoption of digital therapeutics and the supportive initiatives by leading regulatory agencies such as the FDA. For instance, the U.S. FDA provided guidelines in April 2020 to enhance the reach of digital therapeutic devices for people suffering from psychiatric disorders. Furthermore, according to Kepios data, there's a 7.6% annual growth rate in the global internet user base, translating to around 900,000 new internet users daily. While developed and developing nations boast high smartphone and internet usage levels, areas such as Africa and South Asia need to catch up due to their economic limitations.

 

Increasing prevalence of chronic diseases is also driving the growth of the market. As per the CDC’s National Center for Chronic Disease Prevention and Health Promotion, 6 in 10 American adults suffer from a chronic disease, while 4 out of 10 adults have two or more chronic diseases. For instance, in February 2022, Teladoc Health, Inc. launched Chronic Care Complete, a chronic condition management solution to improve healthcare outcomes. Cardiovascular diseases, cancer, diabetes, chronic kidney disease, chronic lung disease, and Alzheimer’s have been identified as the leading causes of death and disability in the country.

 

Digital Therapeutics Market Report Highlights

 

• Based on application, diabetes held a market share of 29.36% in 2023, owing to rapid technological advancements by market players in the segment. The segment is also expected to witness the fastest growth over the forecast period

• The patients segment held the largest market share of 34.08% in 2023, owing to the growing number of patients suffering from chronic conditions. Digital therapeutics can also help improve access to care for people, especially those from rural and remote areas

• North America dominated the global market in 2023 owing to the high demand for digital therapeutics in the region. These regional marketplaces are expected to show similar trends throughout the forecast period due to rising healthcare awareness coupled with increased use of digital health products over the forecast period

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• The global healthcare application lifecycle management solutions market size was estimated at USD 630.8 million in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030.

• The India clinical trials market is valued at USD 1.42 billion in 2024 and is expected to grow at a CAGR of 8.0% from 2025 to 2030, driven by the expanding pharmaceutical and biotechnology sectors.

 

Segments Covered in the Report

 

Grand View Research has segmented the global digital therapeutics market based on application, end user, and region:

 

Digital Therapeutics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diabetes

• Obesity

• CVD

• Respiratory Diseases

• Smoking Cessation

• CNS Diseases

• Others

 

Digital Therapeutics End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Patients

• Providers

• Payers

• Employers

• Others

 

Digital Therapeutics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

 

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Advanced Wound Care Market: Future Directions and Research Opportunities

 The global advanced wound care market size is expected to reach USD 14.87 billion by 2030, expanding at a CAGR of 4.75% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth in the number of the aging population as well as an increasing figure of diabetic patients are some major factors driving this market’s growth.

 

For instance, as per a United Health Foundation report (published in May 2023), more than 55.8 million adults aged 65 and older lived in the U.S., accounting for about 16.8% of the nation's population in 2021, increasing the number of senior populations is anticipated to propel the market during the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Global Advanced Wound Care Market

 

There has been growth in the number of surgical procedures, and traumatic incidents globally. For instance, as per a study by Research Gate, in 2022, around 6.6% of mortality occurs due to trauma every year. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help to contain and reduce these surgical site infections, thereby, an increase in the number of surgical site infections is expected to drive the market during the forecast period.

The introduction of the COVID-19 vaccine, and the lifting of lockdown impositions, are expected to have a positive impact on the market over the forecast period. Many elective surgeries, which were postponed, are expected to take place. In addition to this, many leading manufacturers are introducing new products which may help them to capitalize on the increasing demand for advanced wound care products during the forecast period.

 

Advanced Wound Care Market Report Highlights

• Based on product, the moist wound care segment led the market with the largest revenue share of 70.88% in 2023. This dominance can be attributed to an increase in a number of wound cases and increase in number of surgeries globally.

• In terms of application, the chronic wounds segment is dominate the market with the largest revenue share in 2023. Increasing number of diabetic foot ulcers, venous pressure ulcers, and other chronic wounds is expected to drive the segment growth.

• Based on end-use, the hospital segment held the market with the largest revenue share of 45.31% in 2023. The growth of this segment can be attributed to the upsurge in surgical procedures and increase in the number of hospital admissions.

• North America dominated the market with the revenue share of 45.46% in 2023. This dominance can be attributed to well-developed healthcare infrastructure and increase in the number of surgical procedures.

• Asia Pacific is anticipated to witness significant CAGR during the forecast period. This can be attributed to the presence of major key players, the increasing prevalence of chronic disorders, and rising healthcare expenditure.

 

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• The global dental protein combined products market size was estimated at USD 1.02 billion in 2024 and is projected to grow at a CAGR of 10.0% from 2025 to 2030.

• The global wearable artificial kidney market size was valued at USD 575.5 million in 2024 and is anticipated to grow at a CAGR of 6.9% from 2025 to 2030.

 

Segments Covered in the Report

 

Grand View Research has segmented the global advanced wound care market based on product, application, end use, and region:

 

Advanced Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Moist

  • Foam Dressings

  • Hydrocolloid Dressings

  • Film Dressings

  • Alginate Dressings

  • Hydrogel Dressings

  • Collagen Dressings

  • Other Advanced Dressings

• Antimicrobial

  • Silver

  • Non-silver

• Active

  • Biomaterials

  • Skin-substitute

  • Growth Factors

 

Advanced Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds

  • Diabetic Foot Ulcers

  • Pressure Ulcers

  • Venous Leg Ulcers

  • Other Chronic Wounds

• Acute Wounds

  • Surgical & Traumatic Wounds

  • Burns

 

Advanced Wound Care End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Specialty Clinics

• Home Healthcare

• Others

 

Advanced Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

 

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Predictive Maintenance Market Challenges: Addressing Data Security and Integration Issues

 The global predictive maintenance market size is projected to reach USD 60.13 billion by 2030, registering a CAGR of 29.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The advancement in technologies such as AI and ML has been a major factor in driving the growth of the predictive maintenance market over the forecast period. AI and ML technologies enable analysing historical data, identifying patterns, and offering accurate machine failure and maintenance predictions. AI technology will continue to improve over time as it receives more data, thereby helping improve the accuracy and reliability of predictive maintenance solutions, which would help companies reduce machinery breakdown and halt production, which helps improve operational efficiency and productivity.

 

The application of predictive maintenance solutions in industries such as healthcare, energy, transportation, and others has been another major factor driving the market's growth, as many companies started recognizing the potential benefits of installing predictive maintenance solutions. Companies are opting for digital transformation to ensure operational excellence; this trend will further accelerate the adoption of the predictive eminence solution, which is integrated with technologies such as IoT, AI, and ML. However, this limitation includes concerns regarding data price, complex interaction processes, and skill gaps, among others.

 

Gather more insights about the market drivers, restrains and growth of the Global Predictive Maintenance Market

 

Predictive Maintenance Market Report Highlights

• The service segment is projected to witness the highest CAGR of 31.0% from 2023 to 2030. The growth of the service segment can be attributed to service providers using numerical evaluation to create predictive models that predict equipment breakdowns and servicing needs.

• The integrated segment is projected to witness the highest CAGR of 29.5% from 2023 to 2030. The growth of the integrated segment can be attributed to ERP and CRM integrated solutions enabling improved efficiency and productivity.

• The training & consulting segment is projected to witness the highest CAGR of 31.5% from 2023 to 2030. The growth of the training & consulting segment can be attributed to a customized predictive maintenance strategy to enable catering to a wide range of businesses considering factors such as the machinery being used, maintenance information, and workflow, among others.

• The cloud segment is projected to witness the highest CAGR of 37.9% from 2023 to 2030. The growth of the cloud segment can be attributed to the ability to analyse large volumes and data and offer accurate information on the expected machinery failure maintenance/repair schedule, among others.

• Small and medium enterprises are projected to witness the highest CAGR of 31.6% from 2023 to 2030. The small and medium enterprises' growth can be attributed to the lower cost of cloud-based predictive maintenance solutions, enabling small and medium enterprises to avoid upfront investment into IT infrastructure.

• The oil analysis segment is projected to witness the highest CAGR of 31.5% from 2023 to 2030. The growth of the oil analysis segment can be attributed to information provided by the predictive penitence solution, including oil change, contamination, and changes in other chemical properties, among others.

• The aerospace & defense segment is projected to witness the highest CAGR of 30.6% from 2023 to 2030. The growth of the aerospace & defense segment can be attributed to AI and ML integrated predictive maintenance solution ability to proactively monitor the health of the asset, predict potential failure, and schedule repair & maintenance, among others.

• The Asia Pacific region is projected to witness the highest CAGR of 31.8% from 2023 to 2030. The growth of the Asia Pacific region can be attributed to increasing purchasing power, improving digital infrastructure, availability of cheaper predictive mainline solutions owing to the easy availability of raw materials, and advancement in 5G technology, among others.

• The companies in the predictive maintenance market have been coming up with strategic initiatives such as partnerships and mergers, among others, aimed at gaining traction in the market. For instance, in February 2023, Boon Logic, a provider of AI-based solution detectors, partnered with Software AG as a Premier member of the latter company’s PartnerConnect partner program to provide AI-enabled high-speed prediction service conditions for all complex assets. Through this partnership, the firms aimed to provide valuable insights related to the health and status of equipment to avoid failures.

 

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• The global gaming peripheral market size was estimated at USD 6,215.0 million in 2024 and is projected to grow at a CAGR of 11.0% from 2025 to 2030.

• The global intelligent document processing market size was estimated at USD 2.30 billion in 2024 and is projected to grow at a CAGR of 33.1% from 2025 to 2030.

 

Segments Covered in the Report

 

Grand View Research has segmented the global predictive maintenance market on the basis of component, solution, service, deployment, enterprise size, monitoring technique, end use and region:

 

Predictive Maintenance Component Outlook (Revenue, USD Billion; 2018 - 2030)

• Solution

• Service

 

Predictive Maintenance Solution Outlook (Revenue, USD Billion; 2018 - 2030)

• Integrated

• Standalone

 

Predictive Maintenance Service Outlook (Revenue, USD Billion; 2018 - 2030)

• Integration and Deployment

• Support & Maintenance

• Training & Consulting

 

Predictive Maintenance Deployment Model Outlook (Revenue, USD Billion; 2018 - 2030)

• Cloud

• On-premise

 

Predictive Maintenance Enterprise Size Outlook (Revenue, USD Billion; 2018 - 2030)

• Small & Medium Enterprises

• Large Enterprises

 

Predictive Maintenance Monitoring Technique Outlook (Revenue, USD Billion; 2018 - 2030)

• Torque Monitoring

• Vibration Monitoring

• Oil Analysis

• Thermography

• Corrosion Monitoring

• Others

 

Predictive Maintenance End Use Outlook (Revenue, USD Billion; 2018 - 2030)

• Aerospace & Defense

• Automotive & Transportation

• Energy & Utilities

• Healthcare

• IT & Telecommunications

• Manufacturing

• Oil & Gas

• Others

 

Predictive Maintenance Regional Outlook (Revenue, USD Billion; 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

 

Order a free sample PDF of the Predictive Maintenance Market Intelligence Study, published by Grand View Research.

 

Cell Culture Market Insights: Impact of Biotechnology Advancements

The global cell culture market size is expected to reach USD 39.09 billion by 2030 and is expected to grow at a CAGR of 11.32% from 2023 to 2030, according to a new report by Grand View Research, Inc. The novel three-dimensional cell culture techniques and the growing need for them in biopharmaceutical development, vaccine production, and the rising global demand for advanced therapy medicinal products are expected to drive the market during the forecast period. The COVID-19 pandemic has increased vaccine development activities, especially in the novel mRNA and DNA vaccines space. Vaccine production at a large scale generates a high demand for vectors produced using cell culture techniques. For instance, in February 2023, SK Bioscience announced that its first cell culture-based quadrivalent influenza vaccine, SKYCellflu, was officially licensed in South America by Instituto de Salud Publica de Chile (Institute of Public Health, ISP).

Furthermore, vaccine development requires several expression analyses, quality control, and safety testing procedures, which use cell-based assays. As a result, the usage of cell culture products for such applications has witnessed high demand in recent years. In addition, with an increase in the incidence of infectious diseases, a rise in focus on prevention of disease outbreaks, and high R&D investments in vaccine technologies, vaccine production is projected to gain traction and boost market growth.Moreover, cell culture technology has witnessed significant advancements over the past few years and the technology is witnessing a rapid expansion in its scope of applications. In the field of biopharmaceuticals, researchers can now produce complex protein-based drugs in large quantities due to the ability to culture mammalian cells.

Gather more insights about the market drivers, restrains and growth of the Global Cell Culture Market

 

This has led to increased efficiency, reduced costs, and improved quality control in the biopharmaceutical industry. Furthermore, the launch of high-yield cell lines and the optimization of culture conditions have contributed to enhanced productivity and scalability. For instance, in June 2023, Matica Bio launched its MatiMax cell lines at the BIO International Convention. Furthermore, several companies are engaged in strategic initiatives, such as market expansion, which can be attributed to market growth. For instance, in March 2021, Thermo Fisher Scientific, Inc. announced its expansion plans by investing USD 600 million into capital investments through 2022. Its cell culture media and process liquid sites in Scotland, Florida, and New York increased the production capacity of Gibco cell culture media, process liquids, and supplements. Such developments are expected to propel the market growth over the forecast period.

 

Cell Culture Market Report Highlights

 

• The consumables product segment accounted for the largest share of 57.44% in 2022 due to increased R&D spending by pharmaceutical & biopharmaceutical businesses to produce advanced biopharmaceuticals, such as monoclonal antibodies, vaccines, and cell & gene therapies

• The biopharmaceutical production segment accounted for the largest share of 32.15% in 2022. The biotechnology sector is anticipated to expand, fueling demand for cell culture supplies and instruments over the forecast period

• North America dominated the market with a share of 35.90% in 2022. The large share can be attributed to the region’s well-established pharmaceutical & biotech sectors and higher adoption of technologically advanced solutions in the U.S. In addition, there is a large market for cell culture technologies in the region due to the extensive cell therapy research efforts undertaken by several universities

• Asia Pacific is projected to expand at the fastest CAGR of 13.79% over the forecast period due to the rising awareness regarding cell and gene therapies, and the rapid adoption of scientific technologies and emerging therapeutics, such as regenerative medicines and cancer immunotherapies

 

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• The global proteomics market size was estimated at USD 24.29 billion in 2023 and is projected to grow at a CAGR of 13.10% from 2024 to 2030.

• The global laser capture microdissection market size was estimated at USD 189.3 million in 2023 and is expected to grow at a CAGR of 8.37% from 2024 to 2030.

 

Segments Covered in the Report

 

Grand view research has segmented the global cell culture market based on product, application, and region:

 

Cell Culture Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables

  • Sera

    • Fetal Bovine Serum

    • Other

  • Reagents

    • Albumin

    • Others

  • Media

    • Serum-free Media

      • CHO Media

      • HEK 293 Media

      • BHK Medium

      • Vero Medium

      • Other Serum-free Media

    • Classical Media

    • Stem Cell Culture Media

    • Chemically Defined Media

    • Specialty Media

    • Other Cell Culture Media

• Instruments

  • Culture Systems

  • Incubators

  • Centrifuges

  • Cryostorage Equipment

  • Biosafety Equipment

  • Pipetting Instruments

 

Cell Culture Application Outlook (Revenue, USD Million, 2018 - 2030)

• Biopharmaceutical Production

  • Monoclonal Antibodies

  • Vaccines Production

  • Other Therapeutic Proteins

• Drug Development

• Diagnostics

• Tissue Culture & Engineering

• Cell & Gene Therapy

• Toxicity Testing

• Other Applications

 

Cell Culture Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

 

Order a free sample PDF of the Cell Culture Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.