A year ago, we reported that the liquid biopsy market got off to big start in 2016. Now, the field is hotter than ever, with new investments, partnerships, and initiatives toward making liquid biopsies a standard of care. Liquid biopsies have been likened to a Holy Grail of cancer treatment. By means of a simple blood draw, liquid biopsies aim to replace needle biopsies of solid tumors, which can be expensive for the healthcare system as well as painful for patients. For diagnosis of cancer, liquid biopsies could spare some of the risky tissue biopsies and reduce reliance on computed tomography scans, which must be limited because of the danger posed by overexposure to radiation.
The global population of individuals older than 65 years is growing at an unprecedented pace, driven by better healthcare, improved nutrition, and a dramatic decrease in infectious disease exposure. Indeed, the elderly population is growing at a faster rate than the global population as a whole, according to the United Nations. A BCC Research study revealed that the elder care market in the United States will see modest growth as government and industry endeavor to meet healthcare, housing, and assistive technology challenges.
Developing nations focused on investing in healthcare infrastructure are expected to spur growth in the global market for medical magnetic resonance imaging (MRI). A BCC Research analysis revealed that countries such as China, India, Brazil, and those in the Middle East represent opportunities for market expansion. MRI uses magnetism, radio waves, and a computer to produce images of body structures. MRI scans have a wide range of applications in disease diagnosis, including in such areas as neurology, cardiology, and hepatology.
Surgical navigation systems are increasingly being used as awareness grows regarding the wide range of associated benefits. These systems enable minimally invasive surgery, reduce pain and blood loss, and result in quicker patient recovery. All of these factors will continue to drive the global market for surgical navigation systems. In a new analysis, BCC Research predicts that this market will grow at a five-year compound annual growth rate (CAGR) of 10.6%.