hair transplant Market growth over the projected timeframe !!

The global hair transplant market is growing at a rapid pace; mainly due to the increasing demand for hair transplant treatments and the introduction of advanced technology in the field of hair rejuvenation industry. Moreover, factors such as the influence of media, fashion and film industry, peer pressure for appearance, and changing dimensions of beauty, etc. are escalating the market on the global platform.

In its recently published study report, Market Research Future (MRFR), asserts that the booming global hair transplants market is expected to reach USD 23,881.9 MN by 2023 with a CAGR of 24 % over the forecasted period (2017-2023). In 2016 the market had valued at USD 4,128.1 MN, these numbers indicate towards the multi fold growth the market is about to witness soon.

The growth of the tourism industry and the formation of tourism clusters have not only increased exposure to hair transplant procedures but have also created a high demand for these treatments. There has been a rising trend of hair transplant with a hefty 40% growth with men, especially for the beard. Additional factors such as the safety margin that is assured by surgeons and the growing number of hair transplant hospitals, etc. are providing impetus to the growth of the hair transplant market.

Moreover, technological factors such as the development of advanced technologies like robotics hair-transplant are fostering the growth of the market further. Some financing agencies, hair-transplant clinics, and other medical practitioners who offer hair transplant procedure also offer easy financing plans these factors commutatively add on the growth of the hair transplant market.  

Hair Transplant Market   - Segments

For ease of understanding, the market is segmented into four key dynamics: -

By Surgical Methods: Follicular Unit Transplantation (FUT) and Follicular Unit Extraction (FUE) among others.

By Type of Surgery  : Head Hair Transplant, Eyebrow Transplant, and Frontal Hairline Lowering or Reconstruction among other.

By End-user               : Trichology Clinics, Hospitals, and Dermatology Clinics among others.

By Regions                 : North America, Asia Pacific, Europe, and the Rest-of-the-World. 

Global Hair Transplant Market   - Regional Analysis

The North American region dominates the global target market for hair transplant due to the high level of product innovation, changing formulations, and emerging trends in the field of hair transplants. North America is a well-developed region, having the highest GDP worldwide which allows an edge over other regions in terms healthcare, technology as well as wellness. 

Certainly, the well-developed economy in the region enables wide access to the quality of life for the people. Naturally, North American demographic has an aesthetical approach towards every aspect of life. The presence of the vast aesthetician population is a key force driving the market growth in the region.

The burgeoning hair transplant market in the US, backed by the high per capita income and spending on wellness.  Moreover, augmenting demand for hair transplant drives the growth of the regional market. Continuing with the same trends, the hair transplant market in the North American region is projected to create a significant revenue pocket in the global market by 2023.

The hair transplant market in the Asia Pacific region accounts for the second-largest market, globally. The market is growing rapidly and expected to register a striking double-digit CAGR of 24.3% throughout the forecast period (2017-2023). Burgeoning media and entertainment industry in India is a major driving force substantiating the hair transplant market in the country and in the region. Improving economic conditions especially in India and China support the growth of the regional market, increasing consumer purchasing power.  

Vietnam, Thailand, and Malaysia among the other South East Asian countries, heading with the growing medical tourism markets are projected to contribute significantly to the growth of the regional market.

The European hair transplant market has emerged as a profitable market, globally. The market is expected to reach USD 3,647.3 MN by 2033. Some of the west European countries like the UK, Germany, and France hold major shares whereas, the UK is considered to be the fastest growing market in the hair transplant market in the European region.

Hair Transplant Market   - Competitive Analysis

The well-established hair transplant market appears fiercely competitive and fragmented owing to the presence of a number of matured players. Agreement & partnership, product launch, acquisition, and expansion are few of the key strategies traced during the analysis of recent developments of the key companies.

To gain a competitive edge and to stay abreast in the market; players ensure that the information about hair transplant procedures is provided thoroughly to the client only by a well-trained surgeon. They strive to offer uniquely customized solutions to reflect specific aesthetic preferences. These Key Players also ensure to provide the best possible patient care throughout hair transplant experience.

Market players develop their product portfolio with the help of advanced technologies. They are investing substantially in internal R&D activities to develop new products and to bring novelties to their existing products. Increasing funding is motivating the key companies to develop new hair transplant techniques that can match the changing needs and current trends of the patrons.

Major Players:

Key players leading the global hair transplant market include Bosley (US), Bernstein Medical (US), Cole instruments (US), MEDICAMAT (France), Ethics hair instruments (India), and Restoration Robotics Inc. Company (US) among others.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Post-operative Pain Management Market By Technology Advancement, Growth and Forecasts 2023

Post-operative Pain Management Market- Overview:

Patient’s comfort is of the utmost priority in the healthcare sector, and post-operative pain management has a significant role to play in it. Pain is an unavoidable result in a post-operative scenario due to tissue injury and muscle spasm which can be treated with proper medication. The global post-operative pain management market is thriving on this. With an intent to mobilize the patient at the earliest and resume their ability to breathe and eat, physicians introduce these post-operative drugs. The demand for drugs and devices to treat such cases are on the rise as healthcare is now permeating to a wider patient pool. This has increased the number of surgeries where the requirement for such devices is obvious.

Furthermore, age becomes a complication as the reception of drugs in such cases differ from any normal patients which opens up scope for new drugs and researches. The global post-operative pain management market is set to grow with 5.4% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR). The report has its finger on segmental analysis and factors that can be of great importance for the market in the coming years.  

On the flipside, these drugs often become a habit and overdose of it can cause fatal damage. This can be a daunting threat to the post-operative pain management market. As per the Centre for Disease Control and Prevention, the last decade has already witnessed a steep rise in the number of deaths caused by such overdoses.

Post-operative Pain Management Market Segmentation:

The global post-operative pain management market can be segmented by pain type, product, application, and target area.

Based on the pain type, the post-operative pain management market can be segmented into acute pain, moderate pain, and severe pain.

On the basis of product, the post-operative pain management market includes non-steroidal anti-inflammatory drugs (NSAIDs), antiepileptic drugs, COX-2 inhibitors, opioids, and other analgesics.

Application-wise, the post-operative pain management market comprises cancer pain, arthritic pain, neuropathic pain, musculoskeletal pain, migraine, and others.

Based on target area, the post-operative pain management market comprises back, legs, hand, arms and other.

Post-operative Pain Management Market Regional Analysis:

Geographically, the global post-operative pain management market includes the Americas, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA).

The Americas is having a great run in the global post-operative pain management market due to the large patient pool availing treatment and surgical procedures. Superlative healthcare infrastructure is also impacting the market significantly in this region.

Europe accounts for the second largest revenue share owing to the increasing research and development (R&D) activities for the introduction of new drugs with fewer side-effects. Both private and public sectors are investing significant sums for R & D which is pushing the market forward.

The APAC is set for the fastest growth during the forecast period. The huge patient pool is expected to provide traction to the market. The post-operative pain management market in the MEA is projecting steady growth. However, lack of awareness and poor primary health care services in the underdeveloped areas of this region are posing great threats to the market.

Competitive Analysis:

The prominent players profiled in the global post-operative pain management market are Johnson & Johnson (the U.S.), Purdue Pharma (the U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Pfizer (the U.S.), Eli Lilly (the U.S.),  Endo Pharmaceuticals Plc. (the U.S.), Forest Laboratories Inc. (the U.S.), GlaxoSmithKline Plc. (the U.K.), Baxter International Inc. (the U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Valeant Pharmaceuticals International Inc. (Canada), and others.

In August 2018, a panel of expert researchers from the John Hopkins University, a private American university, have declared operation-specific prescribing guidelines for 20 common surgical procedures.

In October 2018, the American Society of Anesthesiologists published a report that talked about a new form of anesthesia used during the treatment of breast cancer. The new procedure is a regional anesthesia technique that includes treatment by injecting long-acting anesthetics, directed by ultrasound, to numb the front part of the chest wall.  

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Global Stem Cell Reconstructive Market- Global Industry Forecast to 2023

Global stem cell reconstructive market - Overview

Stem cell reconstructive surgery involves the treatment of injured or damaged part of body. Stem cells are undifferentiated biological cells which can divide to produce more stem cells. The major factors contributing to the market growth includes increasing number of geriatric population, rising number of patients suffering from chronic diseases and continuous development in the technology. Furthermore, increasing need for the alternative treatments for the diseases, government support for the development of the new products and increasing healthcare expenditure has fuelled the growth of market. According to International Diabetes Federation, in 2016, it was estimated that 420 million adult population was suffering from diabetes worldwide.

These cells are unspecialized and capable of perpetuating itself through cell division. It can give rise to differentiated cells with specialized functions. Stem cells are used in the treatment of various diseases such as cancer, diabetes and others. According to American Diabetic Association, in 2012 about 29 million Americans were suffering from diabetes, this increasing patient population in this region and continuously developing technology has stimulated the growth of this market in America.

This rising patient population has simultaneously increase the demand for the new treatment and thus driven the growth of the market. However, high cost of the treatment may hinder the growth of the market.

Industry Updates

May, 2016 NuVasive launched the next generation synthetic bone graft product namely AttraX Putty in U.S. This initiative has expanded the NuVasive’s biologics product portfolio.

July, 2014 Takara Bio Inc. entered into an agreement to acquire Cellectis SA, a stem cell business firm. This acquisition expanded Takara’s stem cell product portfolio in the field of regenerative medicines.

Global Stem cell reconstructive market - Regional Analysis

Global Stem Cell Market Analysis Fact Sheet, on the basis of regions is divided into Americas, Europe, Asia Pacific and Middle East and Africa.

America accounts for the largest and the fastest growing market of stem cell reconstructive owing to large patient population and well developed healthcare sector. America stem cell reconstructive market is segmented into two major regions: North America and South America. More than 80% of the market is shared by North America owing to the presence of US and Canada. According to the National Cancer Institute (2016), around 1,685,210 new cases of cancer have been diagnosed in the United States. According to World Health Organization (WHO), 9.3% of American population is suffering from diabetes. This increasing prevalence of cancer and diabetes in America is the major driving factor for the growth of this market. Moreover, government support for research and development, well developed technology and high healthcare expenditure has fuelled the growth of the market.

Europe accounts for the second largest market which is followed by Asia Pacific. Germany and UK accounts the major share in the Europe market owing to well developed technology and healthcare sector

Asia Pacific has the developing market for stem cell reconstructive. Japan and Australia are the major contributor for the market in Asia Pacific. The global market for stem cell reconstruction has expanded rapidly with new suppliers particularly in emerging economies such as India, China and Singapore. Available treatments span the full range of medical services but most commonly include dental care, cosmetic surgery, and fertility treatment.

Middle East and Africa contribute least in the global stem cell reconstructive market.

Global Stem cell reconstructive market - Company Analysis

The stem cell reconstructive market has huge opportunities. The prominent players in the market adopt various strategies such as product launches, product innovation, and R&D investment to increase their market. Moreover, tier 1 companies employ strategies like merger, and acquisition of the competition as their developmental strategies to sustain in the market.

In Feb 2012, Baxter initiated phase III adult stem cell clinical trial for chronic cardiac condition. A company is focusing of the development of the new products and investing a huge amount of capital in research and development.

Baxter (US), Cytori Therapeutics Inc. (U.S), Eleveflow (France), Mesoblast Ltd. (Australia), NuVasive Inc. (US), Osiris (US), Micronit Microfluidics (Netherlands), Takara Bio Inc.(Japan), Tigenix (Belgium), Cynata (Australia), Celyad (Belgium), Capricor Therapeutics (Canada), Astellas Pharma US, Inc. (US), Pfizer Inc. (US), StemCells Inc (US), STEMCELL Technologies Inc. (US), Caladrius (US) and others are some of the prominent players at the forefront of competition in the global stem cell reconstructive market and are profiled in MRFR Analysis. 

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What is the strongest denture adhesive on the market?

The Worldwide Denture Adhesive Market is expanding rapidly. Dentists of high developed regions like Europe and North America are emphasizing on this denture adhesive as important object for their dentistry. Increased population in different regions is further boosting the market expansion of denture adhesive. Early ageing is also playing vital role in the upsurge of this market. Awareness in people to present a picture perfect image is fueling the market growth.

Basically pastes, powders or adhesive pad that is required to keep dentures in its place is known as denture adhesives. Zinc is sometime present in denture adhesives which advance adhesion. In some cases dentures become detaches due to various reasons. In such situation dental adhesive is required to fill the gap and provide proper structure to the teeth.

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The World Denture Adhesive Market Trends report titled “Global Denture Adhesive Market Research Report - Forecast to 2021” summarizes the Market Overview, Competitive Analysis, Segmentation and Regional Analysis in-depth. In recent days everyone is focusing to make their smile beautiful, which is leading them to go for cosmetic dentistry, denture adhesives are dominant part of cosmetic dentistry. The US Dental adhesive market will speculate growth at around 7% per year for upcoming years.

Global Denture Adhesive Market-Competitive Analysis:

According to analysis SECURE is a company which manufactures the best rated denture adhesives till date. A problem regarding this denture adhesive was that they were not insoluble so the adhesive became weak with the regular use of water and other drinks. The presence of saliva inside the mouth also impacted the denture adhesives. But SECURE had a solution to these problems. SECURE was the first to invent a denture adhesive which is water-proof and does not effect in contamination with saliva of the mouth. This SECURE denture adhesive is completely zinc free so there is no fear to have any zinc related diseases after using SECURE denture adhesives.

Other important contributors in the evolving market of denture adhesive are- Fixodent, Baxter International, Stryker Corporation, DENTSPLY International, Procter and Gamble, Colgate, 3M and Sea bond etc.

Zinc acts as primary object of denture adhesives. This zinc if exceeds the limit can become dangerous for the body. Hand and feet are commonly infected because of excessive zinc present in the body. Due to these health issues many patients’ even doctors are reluctant to use denture adhesives; as a result the market is facing some serious threats in its growth.

In recent case study FDA found various cases of nervous breakdown and numbness. This is majorly because of excessive zinc implemented in the body. A proper guideline should be followed to use these denture adhesives. These cautions requirement to use this denture adhesive are making doctors hesitant to use denture adhesives which is somehow diminishing the market growth of denture adhesives.

World Denture Adhesive Market-Segmentation:

Denture adhesive market can be segmented into 3 divisions:

Segmentation By Type: Paste and Powder.

Segmentation By End-user: Clinics, Hospitals, and Medical Institutions.

Segmentation By Region: North America, Europe and Asia Pacific.

The Denture Adhesive Market Regional Analysis:

North America is dominating over the market growth of denture adhesive market. US is holding the maximum market share. With awareness about oral healthcare propelling the market growth of dental adhesive in this region.

Europe is also hugely contributing in the up surge of dental adhesive market. Countries like France, Germany and Italy where dentists are hugely depending on denture adhesives.

Asia Pacific is also providing great effect on the increasing of denture adhesive market. Increasing growth in some countries like India, China and innovations of new technologies in Japan and South Korea are hugely impacting the market growth of denture adhesives.

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Acupuncture Market 2020 Important Research, Market Trends and Development 2023

Market Overview

Acupuncture therapy is an alternative therapy which includes insertion of thin needles at strategic body points by trained professionals and works on the principle of balancing the flow of life energy in the body to treat disease and manage stress for a healthy living. The therapy is gaining acclamation owing to the myriad benefits it offers. Acupuncture helps to release comorbid discomforts. It treats pain associated with chemotherapy in cancer treatment, bone problems like osteoporosis, respiratory issues, migraine, fibromyalgia, and others which are mostly observed incidents in the rising geriatric population. The growing prevalence of gynaecological disorders like menstrual issues, premenstrual syndrome (PMS), polycystic ovary syndrome (PCOS), pregnancy complications, menopausal related issues, dysmenorrhea, and infertility are influencing people to opt acupuncture therapy as a treatment for releasing pain induced by such problems. Furthermore, the capability of the acupuncture therapy to treat psychological illness and insomnia, disorders which are observed in majority of the world population owing to the modern lifestyle, is anticipated to amplify the acupuncture market growth, globally. Acupuncture therapy is a painless therapy as the needles penetrating only the skin are extremely thin. The escalating demand for such non-invasive therapy among people is expected to spur the global acupuncture market growth.

On the flip side, side effects associated with acupuncture treatment and lack of approved clinical support are challenges that the acupuncture market can encounter which can be responsible for the retarded acupuncture market growth.

Market Research Future (MRFR) predicts that the global Acupuncture Market is expected to grow with a CAGR of 14.50% in the upcoming years 2017-2023 and shoot up to valuation USD 55323.8 Mn by 2023. 

Major Players:

Key players leading the global Acupuncture market include Schwa-medico GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Zepter International, SEIRIN Corporation, Cymedics GmbH & Co. KG, Asia-med GmbH, MKW Laser system GmbH, Qingdao Great Fortune Co., Ltd., and AcuMedic Ltd. among others.

Acupuncture Market – Segments

For ease of understanding, the market is segmented into four key dynamics: -

By Product & Services       : Services (Traditional Chinese Medicine, Japanese Acupuncture, Korean Hand Acupuncture, Auricular & Scalp Acupuncture, Non-Insertion Acupuncture, Moxibustion, and others) and Products (Cupping & Needles, Suction Cups, Laser Needle, Rod Lasers, Laser Pens, Electro-Acupuncture Devices, and others.).  

By Application: Pain Syndrome Illnesses and Gynecological Disorders among others.

By End-user: Wellness Center and Hospitals & Specialty Clinics among others.

By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Regional Analysis

The European region heading with the presence of a large number of players accounts for the dominating market in the global Acupuncture market. The region is expected to exhibit a phenomenal growth prospect throughout the review period.  The increasing number of occurrences of chronic diseases alongside the growing preference for acupuncture therapies amongst the European population drives the growth of the regional market.

Furthermore, factors such as the escalating insurance coverage in nations like Austria, France, Spain, and others, by other private companies and government support for R&D activities, increase in geriatric population, and the increasing demand for Acupuncture therapies and devices add to the growth in the regional market.  The European acupuncture market is expected to grow at a CAGR of 13.53 % over the forecast period.

The Acupuncture market in the Asia Pacific region is another lucrative market, globally. The market is primarily led by the growing inclination towards the alternative therapies and major markets in China and India which have emerged as the fastest growing market for acupuncture devices. Additionally, increasing healthcare expenditures and the prevalence of various common disorders are positively impacting the growth of the regional market.

Global Acupuncture Market – Competitive Analysis

Highly competitive, the Acupuncture market appears to be fragmented due to the presence of several key players who are making substantial investments in R&D activities to bring about innovations in the devices.

Manufacturers of acupuncture devices try to develop instruments that are user-friendly, convenient and can allow physicians to optimize the pain treatment efficiently, literally, for each patient. Caregivers try to offer uniquely refined treatments using advanced devices with controlled incremental expansion designs.

Industry/Innovation/Related News:

March 15, 2019 ---- Cala Health, Inc. (the US), a Wearable bioelectronics developer and medical technology company pioneering neuro peripheral therapy announced its collaboration with Massachusetts General Hospital to help build out its non-invasive nerve stimulation platform for chronic diseases.

Through the hospital’s intellectual property management arm, Cala has licensed neuromodulation technology developed in the lab of MGH’s Vitaly Napadow. Neuromodulation helps in neural mechanisms related to chronic pain and the brain’s reactions to different forms of stimulation, including acupuncture. The licensed tech covers both transcutaneous vagus nerve stimulation and respiratory-gated vagal afferent nerve stimulation.

March 27, 2019 ---- Researchers at the Changchun University of Traditional Chinese Medicine (China), published the outcomes of a clinical trial they conducted on the uses of acupuncture to alleviate test anxiety, a type of performance anxiety. The results demonstrate that acupuncture reduces pre-examination anxiety and reduces sleep disturbances.

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Aromatherapy Market Advance Research in Medical Sector 2019 to 2023 –Aromatherapy Market News and Growth Analysis

Global Aromatherapy Market  - Overview

Aromatherapy has long been recognized as an alternative treatment, being offered in therapeutic practices, including yoga studios & spas, massage centers, even in hospice settings and chiropractic facilities. Utilizing aromatic oils, and other aroma compounds this medicine practice is helpful in treating health conditions ranging from chronic stress, anxiety, and depression to insomnia and trouble sleeping and from muscle pain, respiratory infections skin problems or disorders, to blood sugar fluctuations, and even cancer.

Over the period, there have been some product additions in the space of Aromatherapy. Products such as aromatherapy diffusers, beaded ornaments made of lava stones soaked in various essential oils that release fragrances and beer essential oils are becoming the current market trends. This presages that people are well aware of the benefits of aromatherapy and increasingly prefer it, relying on the usages of natural oils.

Resultantly, the global Aromatherapy market is growing pervasively, witnessing augmented uptake of aromatherapy as an alternative medicine practice. Today, online and store-based distribution channels are availing various therapeutic-grade aromatherapy products and oils, offering the convenience of purchasing. All these factors such as advantages, awareness, and accessibility cumulatively drive the aromatherapy market on the global platform.

Market Research Future (MRFR) in its recently published study report asserts that the already booming market of Aromatherapy is expected to gain prominence over the forecast period. The market is forecasted to reach USD 4.3 billion by the end of 2023, growing at a CAGR of ~ 6.18 % during 2017-2023.

Improving economic conditions worldwide are fuelling the urbanization, further ushering the problems about the changing lifestyle such as sleep disturbances, stress, etc. Simultaneously, the improved economy has also fostered the lifestyle industry, enhancing the quality of life of people making the best healthcare available to them. The non-invasive nature of aromatherapy is also one of the key factor fostering the market growth exclusively. 

Conversely, there are some growth restraining factors as well that are expected to hinder the market growth. These factors are stringent regulations about the obligatory differentiation label on the product citing therapeutic grade or cosmetic grade products, lack of expertise among the therapists and toxic nature of some of the essential oils like Cineole which is poisonous above the recommended dose and an overdose may cause some severe respiratory symptoms. Also, the fact that is impeding the market growth up to some extent is that there is no solid medical evidence that aromatherapy prevents or cures diseases mentioned above.

Global Aromatherapy Market   - Competitive Analysis

The key players operating in the Aromatherapy Market compete based upon pricing, Technology, and services. Vendors operating in the Aromatherapy Market strive to deliver the best quality products based on innovative technologies, and best practices.  Aromatherapy market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further.

Some oil manufacturer practice using steam distillation or solvent extraction because it is an easier way to extract essential oils as the natural herbs and plants may change its medication value and nutrients compound due to heat. Hence oils used in Aromatherapy are extracted by the cold press or cold process to retain maximum nutrients compound from the natural plants or herbs.

Key players are more focusing on the expansion of Aromatherapy business across the globe which is contributing around 40% of strategy share. After expansion, key players are acquiring companies to strengthen their presence and to get an edge over increasing competition. R&D, partnership, and product launch contribute equally (~10%) in the strategic share of key players in Aromatherapy market.

Industry/innovation/Related News:

May 29, 2018 – Aspen Valley Hospital (AVH - US) launched an opioid reduction initiative with a multi-pronged attack. Including aromatherapy and other therapies like acupuncture, heat, etc., the hospital is all set to help cut into opioid use.

May 9, 2018 - Wis. Ambulance Service in Tri-State (US) introduced aromatherapy instead of medication for minor pains and thus to cut down on opioid use.

August 23, 2017 – doTERRA International, LLC (US), one of the leading global manufacturer of Aromatherapy and Essential Oils announced the expansion of its corporate campus including the new medical clinic and corporate building, along with the expansion of the company’s manufacturing facility.

Global Aromatherapy Market   - Segments:

The global aromatherapy market has been segmented on the basis of the product. The product-based segmentation covers application, essential oils, equipment, therapeutic application and lastly region. The application segment has been sub-segmented into inhalation, tropical, and aerial diffusion. Based on essential oils, the market segmentation comprises of citrus, floral, green/vegetative, herbaceous/camphoraceous, & spicy and others. The equipment segment has been segmented into heat diffuser, nebulizer diffuser, and ultrasonic diffuser. On the basis of therapeutic application, the market has been segmented into pain management, relaxation and sleep, skin and hair care, and other remedies.

Global Aromatherapy Market   - Regional Analysis

The US region is estimated to dominate the market with the largest market share in terms of revenue and size both, followed by Europe and the Asia Pacific respectively.  Owing to the high per capita income and healthcare expenditures, the U.S. and Canada are major markets for Aromatherapy in the North America region. Strong potential of Aromatherapy products to be used for rising application areas and therapeutic applications as well as in cosmetics and personal care supporting market growth among the various regions in the world.

Whereas, in Europe, the second largest market for Aromatherapy, France, Italy, and Germany are major Aromatherapy products market. Increasing popularity of Aromatherapy as therapeutics and pharmaceuticals is supporting the Aromatherapy market in America and Europe region. High disposable income and presence of large facilities especially in France and Germany drive the regional market growth.

Led by China and India Asia Pacific region is expected to emerge as the fastest growing market for Aromatherapy, owing to the large unmet needs.  Besides APAC region is the largest producer of the Essential Oils, Carrier oils and Blended oils which is undoubtedly going to impact the regional market growth positively.

Led by some of the GCC countries, mainly Saudi Arabia and UAE, The Middle East and Africa market for Aromatherapy will be witnessing substantial growth. On the other hand, due to the poor economic and political conditions in the regions

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Healthcare Security Systems (HSS) Market booming with Highest Growth Rate!!

According to a new report by Market Research Future (MRFR), the global market for healthcare security systems is projected to expand radiantly at 9.5 % CAGR. Safety and protection of patients is an important goal for every hospital. Security system plays a vital role in the healthcare sector. Devices like radiofrequency identifiers, camera, alarms, and other types of security devices can be found for the security of resources and patients.

Facility managers in nursing homes, hospitals, and medical centers are handling a number of responsibilities like vulnerabilities and planning oversight to physical security to people and assessing risks. Healthcare security constantly deals with hectic emergency departments, constant visitor’s traffic, confidentiality requirements, and political threats. The public has gained awareness in physical security at nursing homes and hospitals and due to this security heads and facility managers have been asked to increase the rate of security measures.

Future Constraints and Drivers Affecting the Market Growth

With the increase in emphasis on patient’s wellness and security, growing patient tool, improving quality of care provided to patients, and the need for infant security in hospitals is increasing the demand for security systems. With cyber attacks becoming a common event, healthcare security system market is expected to propel in the coming years. Owing to the growing need to secure healthcare facilities have compelled several healthcare organizations to adopt latest security systems.

Meanwhile, high cost associated with security devices coupled with the unavailability of backup plans and system failure during an emergency might act as a hindrance to the growth of the Healthcare Security Systems (HSS) Market. Healthcare organizations spend approximately 4 % to 6 % of IT budget on security, which is a much low percentage compared to the investment made in the financial industry. The low capital explains why medical institutions experience cybercrimes. Moreover, security of medical devices are also abandoned as vendors do not find skilled developers. Also, expensive security devices like radiofrequency identifiers can restrain the growth of the market.

Global Healthcare Security Systems Market Segmentation

The global healthcare security systems market has been segmented on the basis of type, product, end-users, and region.

The market has been segmented into maintains and support service, system design and installations, and system integration based on type.

The market has been segmented into access control system, fire safety system, wireless locks, infant security system, chipper locks, radio frequency identification system, readers, smart cards, biometric systems, and video surveillance system based on product.

The market has been segmented into clinical decision support system vendors, EHR (electronic health record) and PHR (Personal Health Record) vendors, lab vendors, pharmaceuticals vendors, healthcare IT vendors, clinic and public health laboratories, standard developed organizations, HIS Vendor and Healthcare institutions (Hospitals, long-term care, Home care, Mental health), and others based  on end-users.

North America: Expected to Hold the Largest Market Share

North America is anticipated to hold the largest market share for healthcare security systems. Due to the frequently targeted hospitals with most easily accessible premises, the pressure of security risks is witnessed to grow in the healthcare industry. Hospitals cover a huge area and become a target for terrorism and crime. According to crime and security trends, in 2011 around 154 shooting has taken place in healthcare facilities and hospitals and 98 % of hospitals in the United States of America have experienced terrorism and crime. Moreover, with prominent players like STANLEY securities and BOSH securities systems, the US market is in the growing stage and will soon head towards maturity.

The prison population in Europe is growing at a rapid pace in European countries. According to the EU stats, there were approximately 643000 prisoners in Europe in 2012. The number increased by 7 % in 2013. With the growing crime rates and prisoners in European hospitals, healthcare institutions and organizations are taking major steps to protect customers, patients, and employees by installing healthcare security systems.

With the growing number of healthcare facilities in Asia Pacific regions, countries like India, China, and Thailand have offered huge growth opportunities to healthcare security system providers. Asia is expected to witness the highest growth rate in the coming years.

Industry News

G4S has launched a new portable security system designed to protect patients suffering from cognitive conditions or psychiatric disorders. Virtual Patient Watch is a security system that monitor patients and sends out an alarm if someone requires medical attention immediately or if someone tries to get out of the bed.

Competitive Analysis

Some of the prominent players operating the market growth are Allied Telesis Inc. (U.S.), Atos SE (Germany), ADT LLC dba ADT Security Services (U.S.), Johnson Controls (U.S), STANLEY Healthcare (France), Avigilon (Canada), Seico Security (U.S.), Cisco Systems Inc. (U.S.), and others. Some of the major vendors comprise Bosch Security Systems, Honeywell International Inc., Tyco Integrated Security, Siemens AG, Schneider Electric, Nedap Security Management, and more.

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