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Showing posts with the label Medical Devices

Oxygen Concentrators Market Growth Accelerated by Growing Geriatric Population

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  Oxygen concentrators are medical devices used for delivering oxygen therapy to patients suffering from chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis, and other respiratory disorders. Oxygen concentrators separate oxygen from other gases in ambient air and provide a continuous flow of concentrated oxygen to patients through nasal prongs or masks. With the growing geriatric population worldwide, which is more susceptible to respiratory diseases, the demand for home-based oxygen therapy and oxygen concentrators is increasing rapidly. The Global Oxygen Concentrators Market Size is estimated to be valued at US$ 3.2 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing prevalence of respiratory diseases due to rising pollution levels and smoking rates has led to increased demand for oxygen therapy. As per WHO estimates,...

U.K. Drug Abuse Testing Devices Usage Expected to Grow Steadily due to increased adoption of alcohol and drug screening devices

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  Drug abuse testing devices play a vital role in detecting the presence of drugs in an individual's system to determine if they are under the influence of alcohol or illegal substances. These devices not only help employers and healthcare professionals screen individuals for drugs but also aid in rehabilitation and reducing drug abuse. The U.K. Drug For Abuse Testing Devices Market Size is estimated to be valued at US$ 367.68 Mn in 2024 and is expected to exhibit a CAGR of 1.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of alcohol and drug screening devices in workplaces is one of the key trends propelling the growth of the U.K. drug abuse testing devices market. According to the Health and Safety Executive, in the U.K., an estimated 54,270 workers suffered from a non-fatal injury caused due to being under the influence of drugs or alcohol in 2018–2019. As a result, m...