Thursday, 21 May 2020

Body Contouring Devices and Procedures Market – Global Industry Scope and Opportunities Analysis 2023

Body Contouring Devices and Procedures Market  Top Key Players:
Some of the prominent players in the global body contouring devices and procedures market are Cynosure, Inc., Alma Lasers, Alleragan, Syneron Medical Ltd, Bausch Health Companies, Inc, Lumenis, Merz Pharma GmbH & Co., Palomar Medical Technologies Inc., Sound Surgical Technologies LLC., Zeltiq Aesthetics, Chromogenex Technologies LTD, UltraShape Ltd, Fotona, Misonix Inc., Medicis Pharmaceutical Corporation, Sientra Inc., Invasix Ltd, Erchonia Inc, Lutronic.
Market Highlights:
The Global Body Contouring Devices and Procedures Market  held a market value of USD 2,103 million in 2017 and is projected to grow at a CAGR of 6.6% over the forecast period.Body contouring is a altering the body part by improving the appearance. It involves the removal or transfer of fat to the body.  
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Due to increasing prevalence of obesity across the globe many of the companies are in the race to introduce better treatment for obesity. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.
Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, the high cost of urgery with advanced technologies may hamper the market growth during the assessment period.
Regional Analysis:
On regional basis, the Americas is anticipated to dominate the Global Body Contouring Devices and Procedures Market owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region.  Europe is expected to hold the second largest position in the global body contouring devices and procedures market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Asia Pacific has served an opportunity for developing body contouring market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like diabetes and obesity. The Middle East & Africa has the least share of the global body contouring devices and procedures market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.
Segmentation:
The global body contouring devices and procedures market has been segmented into type, procedure, and end user. By type, the market has been segmented into non-invasive & minimally invasive devices and invasive devices. The non-invasive & minimally invasive devices segment is estimated to hold major market share in the global body contouring devices and procedures market due to the huge investments by major market players for the development of advanced technologies and equipment.
Based on procedure, the market has been segmented into non-surgical skin resurfacing, non-surgical skin tightening, cellulite treatment, liposuction, and others. The market, by end user, has been segmented into hospitals & clinics, research institutes & Organization, and others.
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Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations

Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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Biological Stains Market will register a CAGR of almost 7.1% by 2023

Market Research Future (MRFR) has recently published a report on the global biological stains market where they claimed that the possibility to score a CAGR of 7.17.1% is quite high during the forecast period 2018 to 2023. Biological Stains can be defined as dyes that get used frequently in biology and medicine to ensure understanding of biological tissues. The process can also help in the identification of polymeric structures.
Several factors are expected to promote the global Biological Stains Market Growth like the hike in investment related to research and development, better infrastructural capacity, growing government & private participation, and others. However, the high cost of biological stains can deter the expected biological stains market growth. Also, chances of contamination can slowdown the pace. 
Regional Analysis:
The Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions that have been included in the global biological stains market for a better analysis of various demographical challenges. The report also traces exclusivity of each regions that can impact the market. 
The Americas has the lead owing to its significant contribution in developing the regional infrastructure and high expenditure capacity. The market is witnessing usage of stains in several sectors like detection of infectious diseases, food testing, and in research sector. High regional expenditure capacity can also boost the global market forward. Europe’s market is showing similar features and is expected to follow the same growth trajectory. However, it would stay closer to the North American region. This region has several developed countries like Germany, France, and the UK that can impact the regional market growth. Rising demand for various types of biological reagents can inspire market growth. In North America, the US and Canada are making significant contribution. 
The APAC market is known for its revamping industries, which can substantially promote the regional infrastructure. Hike in expenditure for various research facilities, all the while, exploring opportunities like affordable labor and easy access to resources, can be a luring factor for market players. The increasing investment in the sector is also expected to boost the regional market. Governments are also increasing their support to bolster the regional market growth. 
The market in the Middle East & Africa can record a moderate growth with several developments taking place in Kuwait, Qatar, the UAE, Dubai, and Saudi Arabia.
Segmentation:
The global biological stains market study report of MRFR is founded on a sound segmentation that includes type, application, and end-user. This segmentation has a strong focus on factors that can be of great importance for deciding, which way the market should take in the coming years. 
Based on the type, the biological stains market can be segmented into eosin, crystal violet, acid fuchsin, Congo red, safranin, methylene blue, iodine, and others. The eosin segment covers eosin B, eosin Y, eosin- phloxine, alcoholic eosin Y, and picro-eosin. The application segment incorporates protein staining, histology, bacteriology, DNA staining, protein staining, gram staining, and fluorescence microscopy under its purview.
By end-user, the biological stains market can be segmented into pharmaceutical & biotechnology companies, academic & research institutes, diagnostic laboratories, and others.
Competitive Landscape:
Various players in the global biological stains market are putting in great endeavors to solidify their own market stance and ensure better growth for the global market. These companies often make their foundation on various strategic moves like merger, marketing, collaboration, acquisition, and others. These moves would make strong impact on the growth chart of the biological stains market. These companies are Avantor, Thermo Fisher Scientific Inc., Beckman Coulter, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd, Merck KG18, Water Corporation, Bio-Rad Laboratories, Inc, bioMérieux SA, and others. 
In August 2019, researchers from the Hiroshima University in Japan had found out a way to stain sperm and gain better knowledge about their sex. This process of introducing biological stain would answer whether a particular sperm is carrying chromosome X or Y. 
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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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Global Aromatherapy Market Analysis, Size, Share, Study & Forecast 2017-2023

Surgeries and medicines made from chemicals are not the remedies for every medical problem. Sometimes, aromatherapy can heal patients in miraculous ways if patients can use aromatic plant oils (including essential oils and other aroma compounds) in the correct manner. Therefore, the market for aromatherapy is rising due to various factors that include the growing lifestyle industry, large number of people opting for aromatherapy and non-invasive nature of aromatherapy. Aromatherapy via essential oils can not only combat cold and breathing disorders, it can also enhance the immunity (and resistance against diseases) of the human body. Aromatherapy is also the remedy for problems that are caused by the modern lifestyle. The market restraints that are likely to slow down the growth of the aromatherapy market include increasing stringency of regulations such as indications which a brand has to provide. For example, the brand needs to mention the category the essential oil falls in.
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Key Players
The key players in global aromatherapy market include
Air Aroma (USA)
Nu Skin (USA)
Muji (Japan)
Tree of Life (made by Jaroma)
Young Living (USA)
Zija International (China)
dōTERRA
NOW Foods
Neal’s Yard Remedies (United Kingdom).
Market Research Future (MRFR) has published a research report about global aromatherapy market. The theory of this report anticipates 6.18% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, the market growth is expected to reach the US $ 4.3 bn by the end of the forecast period. This report analyzes the market structure with the forecast for six years, factors affecting market growth, on the basis of porters five force analysis, price analysis, and supply chain analysis. It also lists the key players and explores their business strategies. Market developments that are competitive in nature include the development of new treatments, joint ventures, mergers and acquisitions, and strategic alliances.
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.
The regional segmentation of the global Aromatherapy Market covers North America, Europe, Asia Pacific, and Middle East & Africa (MEA). The biggest regional market in the global aromatherapy market in North America, and the backbone of this market is the revenue from the United States of America (USA). Due high density of population and high per capita income, the USA is a big market by default. The only restraint in this region is ambiguity and uncertainty of the therapeutic potential of aromatherapy. The second largest and fastest growing market for aromatherapy is Europe. In Europe, France is the biggest market for aromatherapy due to a tradition of aromatics whereas Italy is the second largest market. Majority of the biggest players of the global aromatherapy market are also based in North America and Europe. This is also another reason for these two continents emerging as the two biggest regional markets. Asia Pacific region is witnessing a steady growth of the aromatherapy market with China being the biggest market due to the high population while India is the second largest market here. As China and India have traditions of aromatherapy, in these countries, the market is high despite lower per capita income compared to developed regions. In the MEA region, Saudi Arabia, and United Arab Emirates (UAE) are very lucrative markets due to their greater wealth and the greater expansion of tourism in these regions. Among African countries, Algeria, Egypt, and South Africa. Due to poor income and low expenditure on public healthcare, the market of remaining Africa is low.

Latest Industry News
  • Olfinity, an intelligent air system is set to bring air purification, air quality assessment, and controlled aromatherapy together in a series of products. These products are meant to improve indoor health and wellness. The Olfinity series of products includes an air monitor, air purifier, and aromatherapy diffuser.
  • Entering the “wellness market,” popular retailer Anthropologie is launching a new range of products that includes aromatherapy and essential oils, books and stationery, coffee and teas, crystals, fitness products, hair and skin care items, and supplements.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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Tuesday, 19 May 2020

Global & Regional Forecast of Veterinary Pain Management Market from 2018 To 2027


Market Highlights:
Veterinary Pain Management Market Size is growing rapidly and pervasively mainly due to the spreading awareness towards animal care. People are generally compassionate towards their pets, and they are increasingly becoming aware of animal physiology and psychology and the pain they go through during sickness, injuries, recoveries and after effects of the diseases. Besides, factors such as the increasing number of pet owners and the strengthening bond between owners and their animal companions escalate the market on the global heights.
Acknowledging the rapid expansions, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the Global Veterinary Pain Management Market is expected to register a CAGR of 6.46% during the assessment period of 2020 to 2027, to reach USD 4,582.8 Million by 2027.
Additional factors substantiating the market growth include the rising per capita income that is leading to increasing the pet adoptions and the trend of nuclear families. Increased awareness concerning animal cruelty is influencing people’s ideologies and knowledge about animals.
Moreover, developments in animal health medicines and vaccines, along with the increased medical treatments are fostering the market growth of veterinary pain management market. Increased R&D expenditure to bring innovations in the products, and development of better and effective veterinary pharmaceuticals and vaccines, etc. are contributing to the market growth.
Improving economic conditions worldwide foster market growth, enabling access to the quality of life, increasing consumers’ buying power, and availing cost-effective veterinary healthcare.
On the other hand, factors such as the lack of awareness and knowledge pertaining to the animal well-being and the rising cost of pet care, etc. are expected to impede the market growth. Also, unavailability of skilled doctors is a major restraint the market is confronting with.  Nevertheless, technological advancement, increasing number of ambulatory services coupled with the government and public organizations initiatives like PETA, working towards animal rights and liberation are expected to support market growth.
Veterinary Pain Management Market   - Segmentations
MRFR has segmented the analysis into seven key dynamics for better understanding: -
By Drug Type: Nonsteroidal Anti-Inflammatory Drugs, Opioids, Local Anesthetics, Α2-Adrenergic Agonists, Muscle Relaxants, Sedatives, and Corticosteroids among others.
By Devices: Laser Therapy Devices and Electromagnetic Therapy Devices among others.
By Route of Administration: Oral, Parenteral, and Topical among others. 
By Animal Type: Companion Animals, Livestock, Research Animals, Aquatic Animals, Zoo Animals, and Exotic Animals among others.
By Application: Joint Pain, Postoperative Pain, and Cancer among others.
By End-user: Veterinary Hospitals & Clinics, Research Institutes & Universities, and Laboratories among others.                                                  
By Regions:  Europe, North America, APAC and the Rest-of-the-World.
Veterinary Pain Management Market   - Competitive Landscape
The fiercely competitive veterinary pain management market appears to be fragmented due to many players forming a competitive landscape. Mergers & acquisitions, innovations, and Brand reinforcement remain the popular trends for the market players. Acquisitions of local manufactures by multinational companies are changing the market structure, increasing the profit of the company by reducing the competition significantly.
Key Players:
Some of the players leading the market include Zoetis, Boehringer Ingelheim, Chanelle, Ceva Santé Animale, Dechra Pharmaceuticals, Norbrook Laboratories, Merck Animal Health, Elanco, Assisi Animal Health, Bayer, and Vetoquinol.
Industry/ Innovation/ Related News:
November 08, 2018 – Vetoquinol USA, a world-class developer of veterinarian-approved formulas for large animal healthcare products, announced the launch of its rebranded product line - EQUISTRO®. The rebranding includes new packaging for products and others. All EQUISTRO products are now available in veterinary clinics and in retail stores that sell feed, farm supplies, horse tack, and equine products. The rebranding strategy helps to expand the products available for performance horses through Vetoquinol.
Veterinary Pain Management Market   - Geographical Analysis
The North American region accounts for the leading market for veterinary pain management majorly due to the availability of a range of animal care products, emphasis on animal health, and stringent government regulations.  Also, technological innovations in the field of veterinary surgical instruments are acting as a tailwind pushing up the market growth in the region. 
Additional factors such as growing insurance coverage schemes are expected to push the growth of the veterinary pain management market in the region. Moreover, the increasing number of pets and a large patients’ pool, contribute to the growth of the regional market, demanding various treatment procedures and surgeries.
Countries such as Canada and the US are focusing on exporting surgical equipment and surgical suturing material across the world, which, in turn, is increasing the size of the market in this region. Besides, the growing number of veterinary hospitals fuel market growth.
The Veterinary Pain Management Market in the European region stands the second position in terms of the market size, owing to the increasing pet ownership fuelled by the tax benefits granted by the government.  Increase in animal diseases has led to an increasing number of surgeries and veterinary healthcare organizations. European countries like Germany, France, and the U.K, backed by the significant expenditures in the field of manufacturing of veterinary medical and surgical devices, majorly contributes to the growth of the regional market.
The Asia Pacific region is emerging as a promising market for companion veterinary pain management. China among other APAC dominates the regional market whereas, India accounts for the fastest growing market, followed by Australia and Japan.  Factors such as the presence of a large patient’s pool, increasing awareness towards animal health, and the improving economy are few of the driving forces pushing up the market in the region.
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 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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Analysis of Intracranial Pressure Monitor Market Size, Share and Trends

Overview
The Global Intracranial Pressure Monitor Market is expected to exhibit a strong 7.1% CAGR over the forecast period from 2018 to 2024, according to the latest research report from Market Research Future (MRFR). The global intracranial pressure monitoring market is mainly driven by the growing demand for noninvasive tools in the field of ICP monitoring and the increasing awareness about the importance of intracranial pressure monitoring in containing and managing neural and skeletal damage.
Competitive Analysis:
Leading players in the global intracranial pressure monitoring market include DePuy Synthes, Terumo Corporation, Spiegelberg GmbH & Co. KG, RAUMEDIC Inc., Boston Neurosciences, Medtronic plc, Integra LifeSciences Corporation, Sophysa SA, and Natus Medical Inc.
  • In August 2019, Integra completed the acquisition of Arkis Biosciences, a leading player in the neurosurgery devices market.
Regional Analysis:
Americas held a dominant 41.4% share in the global intracranial pressure monitoring market in 2017 and are likely to hold on to the lead in the global intracranial pressure monitoring market over the forecast period due to the increasing demand for effective intracranial pressure monitoring devices in North America. Widespread awareness about the importance of intracranial pressure monitoring in North America, particularly the U.S. and Canada, is likely to remain a major driver for the intracranial pressure monitoring market in the Americas over the forecast period. Intracranial pressure monitoring is mainly used in the management of brain trauma and skeletal hemorrhage. The rising prevalence of both these target conditions in North America is likely to remain a major driver for the intracranial pressure monitoring market in the region over the forecast period.
Europe is also likely to hold a significant share in the global intracranial pressure monitoring market over the forecast period due to the increasing awareness about the process and the relevance of the monitoring in medical diagnosis and trauma management. Intensive efforts at trauma control and management in European countries are likely to be a major driver for the intracranial pressure monitoring market in the region over the forecast period. The growing demand for noninvasive intracranial pressure monitoring tools in Europe and North America is also likely to be a major driver for the market, as the healthcare sector in these advanced regions is transitioning towards noninvasive medical tests, leading to a corresponding increase in the demand for noninvasive tools and technologies from the medical devices sector. Despite the increasing awareness about the inefficacy of noninvasive testing in intracranial pressure monitoring, the demand for product innovations aiming at making noninvasive intracranial pressure monitoring more accurate and on par with invasive monitoring is likely to remain a major driver for the intracranial pressure monitoring market in North America and Europe over the forecast period.
Asia Pacific is also likely to exhibit steady growth in the global intracranial pressure monitoring market over the forecast period, though the region is not likely to overtake North America or Europe as the leading regional markets for intracranial pressure monitoring devices in the coming years. Increasing awareness about the importance of intracranial pressure monitoring in trauma management is likely to be a major driver for the intracranial pressure monitoring market in Asia Pacific over the forecast period.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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Future Trends and Industry Growth on Hospital beds market forecast to 2023

Market Highlights
As per the latest analysis published by Market Research Future (MRFR), the global Hospital beds market is expected to strike a CAGR of 5.97% during the forecast period 2017 to 2023. The market is poised to reach a valuation of USD 2,553.4 Mn by 2023-end up from USD 1,590.1 million in 2016. The count of patients suffering from chronic diseases such as cardiovascular disorders, cancer, etc. is seen to be on the rise. This, in turn, has created an enormous demand for healthcare services, thus, augmenting the automated hospital beds market.
The early adoption of tech-driven changes in the healthcare sector of developed economies is primarily responsible for driving the growth of the automated hospital beds market. The integration of Internet of Things (IoT) to hospital beds is presumed to enhance efficiency for monitoring patients’ vitals. It is further supposed to create demand in the foreseeable future.
The rising healthcare expenditure has unleashed enormous growth potential for market players. On the flip side, the high cost of automated hospital beds is poised to check the growth of the market through the projection period.
Market Segmentation:
By type, the automated hospital beds market has been segmented into semi-automatic hospital beds and fully automatic hospital beds.
By technology, the automated hospital beds market has been segmented into basic automated hospital beds and smart automated hospital beds
By the type of treatment, the automated hospital beds market has been segmented into critical care, acute care, and long-term care.
By usage, the global automated hospital beds market has been segmented into intensive care, delivery/birthing, general purpose, pediatric, pressure relief, bariatric, psychiatric care, and others.
By end user, the automated hospital beds market has been segmented into reproductive care centers, home users, hospitals & clinics, dentistry, and others
Regional Analysis:
The global automated hospital beds market, by region, has been segmented into Europe, North America, Asia Pacific, and the Middle East & Africa. Key players in Europe has been emphasizing on the advancement of technology in healthcare sector. This, in turn, is expected to unleash growth opportunities for the participants of automated hospital beds market. The region houses some of the major players and is poised to secure its pole position in the global market through the forecast period.
North America is estimated to retain the second spot in the global marketplace. The penchant for novel technologies prevailing in the region has led to early adoption of automated hospital beds in the region. In addition, the region is burdened under the large-scale prevalence of chronic diseases such as cancer, cardiovascular disorders, etc. it is projected to push the automated hospital beds market on an upward trajectory during the review period.
Asia Pacific is the hotspot for medical tourism, and a large population of patients from the world is attracted to visit the region every year. The growth of medical tourism in countries such as India, China, South Korea, Singapore, etc. is likely to drive the expansion of the regional automated hospital beds market in the forthcoming years.
The Middle East & Africa is forecasted to exhibit steady growth over the next couple of years. Although the Middle Eastern countries such as the U.A.E, Saudi Arabia, etc. poses enormous growth potential, the poor socio-economic condition of the African region remains an impediment to the market growth.
Competitive Landscape:
Some of the key players profiled in the report are Gendron Inc., ArjoHuntleigh, Hill-Rom, Linet spol. s r.o., Paramount Bed Holdings Co., Medline Industries, Inc., Invacare Corporation, Ltd., and Stryker.     
Industry News:
In May 2018, Scotland-based NHS Highland hospital has announced the integration of Internet of Things (IoT) technology to hospital beds for monitoring the patients more efficiently. The automation of hospital beds in the hospital has started as a trial process.
In December 2018, EarlySense, an Israeli medical device company, has partnered with Hill-Rom, a manufacturer of hospital beds, furniture, other health care equipment, and medical technology systems, for the development of Centrella Smart Bed which will be embedded with EarlySense sensor.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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Analysis on Diagnostic Imaging Market Size, Global Growth and Demand to forecast

Market Highlights
The Global diagnostic imaging services market is projected to grow at a CAGR of 8.2% over the forecast period. In recent years, diagnostic imaging services improved their efficiency and accuracy for the of various acute and chronic diseases including cardiovascular diseases and cancer. The increasing prevalence of geriatric population and subsequent growth in the incidence of cardiac, and neurological diseases including cancer, growing government funding’s for development of medical diagnostics field, and the on-going technological advancements in imaging services are some factors that are anticipated to drive the market growth during the assessment period.  Additionally, increasing demand for diagnostic imaging devices and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, high cost of diagnostic imaging devices and unfavorable reimbursement policies may hamper the market growth during the assessment period.
Regional Analysis
n regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market size owing to the growing clinical R&D budgets by both government as well as public and private organizations in diagnostic imaging modalities and increasing adoption of advanced technologies in the region.  Additionally, rising prevalence of geriatric population along with various chronic diseases is contributing the growth of this market. According to a report by Population Reference Bureau, the number of older population (aged 65 and above) will rise to nearly 24% from 15% by 2060. Europe is expected to hold the second largest position in the global diagnostic imaging services market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Moreover, rising healthcare expenditure and awareness among people for detection of diseases is boosting the market in this region. The Asia-Pacific region is anticipated to be fastest growing region is due to rising demand for imaging devices, good quality healthcare infrastructure and incidence of major key players for growth and development in this region. The Middle East & Africa has the least share of the global diagnostic imaging services market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.
Segmentation
The Global diagnostic imaging services market has been segmented into procedure, application, and service provider.
By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others. The procedure segment is estimated to hold major market share in the global diagnostic imaging services market due to the rising R&D activities in the medical diagnostics field.
On the basis of application, the global diagnostic imaging services market has been segmented into Neurology, Cardiology, Oncology, Musculoskeletal and others.
The Global diagnostic imaging services market, by service provider, has been segmented into Clinics & Hospitals, Diagnostic centers, Research laboratories and others.
Key Players
Some of the prominent players in the global diagnostic imaging services market are Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others. 
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:                                    
Akash Anand                                                                       
Market Research Future
+1 646 845 9312
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