Medical Industry News 2021

  Wearable Medical Device Market Overview  Market Research Future (MRFR) has thoroughly analyzed the trends and patterns governing the global wearable medical devices market over the forecast period of 2015-2023 in an extensive study. As per the analysis of MRFR, the wearable medical device market is likely to attain a valuation of USD 27.25 Bn at a stellar CAGR of 23% by the end of 2023.  Various factors have been instrumental in shaping the growth of the wearable medical devices market, the proliferation of smart connected devices being a key one. The developed countries, in particular, are frontrunners in the adoption of advanced technology solutions where the awareness level of such products is also elevated. These devices have demonstrated their efficacy in the management of various chronic diseases such as diabetes, asthma, and heart diseases, the occurrence of which is soaring across the globe. Wearable medical devices have gained significant traction in monitoring various healt

  Genetic Testing Market Overview As per the assessment conducted by Market Research Future (MRFR), the global market for the genetic testing market is estimated to garner a market value of USD 30.10 Billion while thriving at a CAGR of 10.30% by 2027. Genetic testing is used in prenatal screening, diagnostics, and as a predictive tool. The on-going technical development in genetic testing is anticipated to play a significant role in developing the global  genetic testing market  during the forecast period. The rising demand for genetic testing in oncology and the increasing adoption of genetic tests into clinical care is another salient factor that can drive the regional market. Furthermore, the growing demand for personalized medicine can be recognized a crucial factor that can augment the market size in the assessment timeframe. On the contrary, lack of expertise in developing and underdeveloped countries is expected to hamper the market growth. In addition, the high expenses associa