The Insight Partners - Industry Expert Blog

The growth of pharmacy automation systems market is attributed to the driving factors, such as the growing adoption of robotic pharmacies and growing risk of medication errors. However, high capitalization cost requirements and shortcomings of systems are hindering the market growth. Several companies operating in the market are taking strategic initiatives, such as enhancing product offerings with advanced technologies. For instance, in June 2022, BD announced that it would acquire Parata Systems for US$ 1.5 billion. The acquisition will allow the merger of Parata’s innovative pharmacy automation solutions to the existing portfolio of BD for medication management. The acquisition will help BD to strengthen its offering for retail pharmacies, acute care health systems, long-term care, and home settings. Such strategic decisions are expected enhance product and technology development by the companies and contribute significantly to the market growth. The pharmacy automation systems m...

Pharmaceutical contract sales outsourcing (CSO) is a business model where pharmaceutical businesses may outsource their sales and marketing functions to third parties, commonly called contract sales organizations. Because of the financial benefits, the improved flexibility, and the easy access to specialized knowledge, this practice has gained popularity in the pharmaceutical sector. Contract sales organizations provide sales team management and offer training, hiring, and performance evaluation. Major factors driving the pharmaceutical contract sales organizations market growth include the increasing integration of digital technologies and the growing interest of pharmaceutical companies in increasing sales of products. Additionally, the strategic tendency of expanding into emerging markets will likely emerge as a significant future trend in the pharmaceutical contract sales organizations market during the forecast period. The pharmaceutical contract sales organizations market is com...

Organoids are tiny, self-organized, three-dimensional tissue cultures that are derived from stem cells. Such cultures can be crafted to replicate much of the complexity of an organ or to express selected aspects of it, like producing only certain types of cells. Organoids grow from stem cells—cells that can divide indefinitely and produce different types of cells as part of their progeny. Organoids can range in size from less than the width of a hair to five millimeters. Organoids allow researcher to recapitulate morphogenetic events in human development that lead to organ and tissue formation. Key driving factors include the factors driving organoids market growth are the growing adoption of personalized drugs. Increasing demand for tumor modeling and biobanking. However, issues related to the incorporation of organoids into existing workflows and the dearth of skilled professionals hinder organoids market growth. The organoids market is majorly comprised of top players involving ST...

An operating table, also known as a surgical table, is generally used within a surgical suite or an operating room of healthcare facilities where surgeries are performed, such as hospitals and ambulatory surgery centers. Operating tables are either stationary or mobile; mobile tables can be moved from room to room. Operating tables are necessary for hassle-free orthopedic, cardiothoracic, robotic, bariatric, and urological procedures, among many others. The most notable operating tables market participants SKYTRON LLC, Steris Plc, ALVO Medical Sp zoo, Denyers Pty Ltd, Sciton Inc, Getinge AB, Mizuho Medical Co Ltd, Merivaara Corp, Stryker Corp, Hill-Rom Holdings Inc, Mediland Enterprise Corp, Infinium Medical, Schaerer Medical AG, and Takara Belmont Corp are among others, occupying a considerable share of the market owing to their offerings to the market.  Few of the important key developments from the industry are mentioned below: Mar-2021: Pharmac approved the listing agreement ...

Wire harness (also known as cable harness) are used to transmit electrical power and signals in industries such as automobile, food & beverage, agriculture, and electronics. The North America wire harness market players are compelled to follow stringent regulations and standards. One such standard is IPC/WHMA-A-620 Revision D, introduced by IPC and Wiring Harness Manufacturer’s Association (WHMA), for the acceptance and requirements of wire harness assemblies. Further, governments’ encouragement in various industries is one of the factors contributing to the North America wire harness market growth. Based on material, the North America wire harness market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. Wire harnesses manufactured using these materials can withstand varied environmental conditions, thus end users purchase wire harness as per the need. For instance, a wire harness made of polyethylene is suitable for use in moist environment, a...

A unit heater is a self-contained heating appliance that can run on a variety of energy sources. Hot water, steam, No. 2 fuel oil, propane, and natural gas are a few energy sources that could be used. A heat exchanger, through which air from the heated room is blown, is usually included in the equipment. A blade fan or a squirrel cage fan can be used for this purpose. A squirrel cage fan has much higher air flows and blowing distances. Large spaces, such as workshops and engine rooms, are heated using unit heaters. The number of unit heaters used for heating increases as the size of the facility that must be kept at a certain temperature rises. Factors contributing to the market growth include the growing commercial sector across North America and Europe, increasing demand for energy-efficient unit heaters, and rising integration of smart technologies in unit heaters. Unit heaters are available in various sizes and shapes. The next-generation unit heaters are designed to emphasize comf...

Newborn screening tests measure several markers in an infant’s blood that can be either decreased or increased if an infant has certain diseases. The screening can detect over 50 different conditions, such as critical congenital heart defect (CCHD), hearing screening, sickle cell disease, and other conditions. At present, conditions such as cystic fibrosis, congenital hypothyroidism, phenylketonuria, and around 22 other metabolic conditions that affect protein or fat metabolism can be diagnosed via newborn screening tests. Major factors driving the newborn screening market growth include rising funding from government sectors for newborn screening, the rising burden of congenital diseases, and the increasing prevalence of newborn disorders. Additionally, the integration of machine learning and artificial intelligence in screening is likely to emerge as a significant future trend in the newborn screening market during the forecast period. The newborn screening market is comprised of to...