The global companion animal health market accounted for US$ 14.5 Bn in 2018 and is likely to witness growth, with a CAGR of 6.0% across the forecast period from 2019 to 2027. With the rising companion animal ownership population, owners are concerned about companion animal health and nutrition, and thereby seeking various veterinary services. Which in turn, is increasing demand for diversified companion healthcare products such as, vaccines, feeding products, nutritional supplements and drugs for various diseases.
Intracranial Pressure (ICP) monitors are used to determine the pressure within the brain and craniumtrauma caused by any injuryor other diseases. The global intracranial pressure monitors marketis anticipated to grow at a CAGR of 6.8% for the forecast period of 2016-2022 and reach $1,485 million market by 2022.
The global bioabsorbable stents market is expected to grow at the CAGR of 44.7 % during 2016-2022 and is expected to reach around $2800 million till 2022.Stent is a device commonly used for the treatment of blocked arteries. The bioabsorbable stents are tiny &expandable mesh tubes that holds weak and open arteries, helping out to treatseveral peripheral and coronary arteries diseases.Bioabsorbable stents are defined as fully biodegradable stents that completely get absorbs in human body.
The global STD diagnostics market is currently valued at $100 billion which is anticipated to grow beyond $200 billion with a compounded annual growth rate of 8.9% during the forecasted period 2015to 2022. The increase in patient’s awareness and growing government initiatives are driving the growth of the market. Moreover, increasing population who prefer to have multiple sex partners is boosting the growth of the market.
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