Medical grade tubing is a product designed for a number of applications that enable clinicians to perform several tasks, which normally include disposable applications such as medical catheters, IV sets, irrigation, drainage, and intravenous (IV) delivery. The applications are considered for medical applications such as abrasion protection, drug delivery, bulk disposable tubing, catheters, special applications, and other applications such as arthroscopy, endoscopy, and laparoscopy.

Diagnostics is an integral part of medical decision-making -- aid in acquiring information for a wide range of treatment dissemination, accentuating their criticality in healthcare. Molecular diagnostics has a critical role in precision medicine approach, as it ensures safe and effective application of targeted therapeutics. A majority of the players in the global molecular diagnostics market offer products encompassing the kits and reagents, instruments, and software categories. Also, several diagnostics and pharmaceutical companies are working collaboratively to develop NGS, PCR, IHC, ISH, microarray, nucleic acid amplification-, or mass spectrometry-based molecular diagnostics for the applications in several disease indications in order to enable efficient diagnosis, treatment selection, dosage selection, and treatment monitoring. Applications of molecular diagnostics primarily include infectious diseases, cancer, genetic testing, and women’s health, among others.

The global microbiome therapeutics market has witnessed significant growth, attributed to the increasing demand for therapeutic microbiomes imparting lesser side effects compared with the pre-existing standard of care. An underlying increase in the ongoing research and development activities pertaining to the clinical development of different microbiome therapeutics for a variety of indications is the key driver for the growth of the global microbiome therapeutics market.

The global healthcare information technology sector has witnessed strong growth in recent years. Digitization and new technological opportunities have played a major role in driving the growth of the sector. Also, the healthcare IT sector includes a broad range of products and solutions, which are widely contributing to the efficiency and effectiveness of the global healthcare infrastructure. Several industry trends that are fueling the demand for products and services across the healthcare IT industry include Artificial Intelligence (AI), telehealth services, individualized medical care, virtual reality, automation, and digitalization.

On January 8, 2020, a pathogen of severe unexplained viral pneumonia was identified by sequencing and tentatively named the novel (new) coronavirus 2019 (2019-nCoV). On February 12, 2020, the International Committee on Taxonomy of Viruses officially named 2019-n CoV as SARS-CoV-2. On the same day, WHO officially named the disease coronavirus disease 2019 (COVID-19). Till now, about 4.18 million cases have been confirmed in 211 countries and territories such as the US and Southeast Asia, including severe and instances of death.

All substances are toxic above a certain dose. Appropriate doses make the difference between poisons and medicines. According to Paracelsus, no drug is completely safe or effective under all circumstances, but it is moral that the manufacturers involved take appropriate steps to ensure optimal quality, safety, and efficacy. It is legally expected. Regulatory operations serve as a roadmap for the development of prescription drugs, biologics, and medical devices. Regulations focus on harmonization with international regulations, new drug applications, good manufacturing practices, quality system compliance, documentation requirements, clinical trial exceptions, expedited status, advisory board procedures, and other compliance issues.

The extraction of nucleic acids is the starting point in any molecular biology study and is thus considered a crucial process. The first crude extraction of DNA was performed by Friedrich Miescher, a Swiss physician, in 1869. He accidentally purified DNA from the nucleus while investigating proteins from leukocytes and found that the substance's property was fundamentally different from proteins and hence coined the term nuclein. DNA can be extracted from diverse sources, such as fineneedle aspirates of body fluids and biopsy samples; dried blood spots, buccal swabs, and fingerprints; soil, plant, and animal tissue forensic samples; and insects, protozoa, bacteria, and yeast.

In recent years, the In Vitro Diagnostic (IVD) industry has rapidly evolved to support different applications such as the screening, diagnosis, and monitoring of chronic and infectious diseases. Currently, a comprehensive array of diagnostic technologies is available on the IVD market, which includes simple lateral flow assays intended for self-testing and complex solutions integrating active devices used by central laboratories. IVD products also include reagents and accessories intended for use with IVD devices to perform diagnostic laboratory tests.

Over the last few years, the global pharmaceutical industry has undergone significant changes. In recent years, the cost of drugs has been increasing rapidly, a majority of which is contributed by funds allocated to research and development. According to a report published by Congressional Budget Office (CBO) in April 2021, titled, ‘Research and Development in the Pharmaceutical Industry,’ the U.S. pharmaceutical industry’s R&D expenditure in 2019 was nearly $83 billion, spanning a range of activities such as drug discovery, conducting clinical tests, and drug innovation, among others. Additionally, the report also states that the budget share allocated by pharmaceutical companies toward research and development has also increased. The following table shows a rough estimate of the annual R&D expenditure of pharmaceutical companies.

Medical lasers have been used in surgical contexts for many decades. In recent years, advances in easy-to-use, compact, and self-contained modules have opened doors for novel or enhanced procedures in ophthalmology, dermatology, dentistry, and neurosurgery to improve patients’ quality of life. Flexible technologies that power and focus on medical lasers have changed the primary purpose of lasers. From being used as a cutting tool, lasers are now used for minimally invasive cleaning and reinvigoration of damaged body areas in the medical field.