Researchers Rely on Evolving Technology to aid in the Fight Against Disease

NEW YORK, June 13, 2019 /PRNewswire/ -- In 2016, a total of 56.9 million deaths were reported and of that number, 54% were due to the top 10 medical conditions. However, the two most common conditions were Ischaemic heart disease and stroke, which accounted for 15.2 million deaths in 2016 alone. Moreover, these two conditions have been the leading causes of global death in the past 15 years. Furthermore, other medical conditions such as chronic obstructive pulmonary disease, lower respiratory infections, Alzheimer's, and lung cancers also accounted for millions of deaths collectively, according to the World Health Organization (WHO). The alarming number has prompted biotechnology and healthcare companies to develop new technology and medicine in order to help reduce the mortality rate. For instance, cancer deaths in the U.S. have declined by 27% in the past 25 years due to advancements in detection technology and treatment. Moreover, environmental changes have also played a large role in the decline of deaths. However, the majority of deaths in 2016 occurred in low-income countries where many people lack access to proper and adequate healthcare. While, predominantly, non-communicable diseases accounted for 71% of global deaths, ranging from 37% in low-income countries to 88% in high-income countries. And all but one of the 10 leading causes of deaths in high-income countries were non-communicable diseases. In terms of the absolute number of deaths, however, 78% of total non-communicable diseases occurred in low-and-middle-income countries, according to the WHO. Overall, the mortality rates are continuing to decline for certain medical ailments as companies continue to develop more effective treatments. And as a result, spending within the marketplace is increasing due to various investments as well as growing consumer spending. According to data compiled by Global Market Insights, the global biotechnology market is expected to surpass a value of USD 775 Billion by 2024. Additionally, the data forecasts the market to accelerate at a CAGR of 9.9%. Pressure BioSciences, Inc. (OTC: PBIO), AbbVie Inc. (NYSE: ABBV), Gilead Sciences, Inc. (NASDAQ: GILD), Bristol-Myers Squibb Company (NYSE: BMY), Pfizer Inc. (NYSE: PFE)