Study On Dermabrasion & Microneedling Market Size, Growth and Demand

 Market Highlights

A number of surgical procedure are available in the market for the treatment of various skin problems. Dermabrasion is an invasive surgical treatment for acne, surgical scars, actinic keratosis, rhinophyma, and others. It is also used for tattoo removal and sun damaged skin, and it also changes in the appearance of the skin by injuring using an abrasive. The procedure is performed under local anesthesia and may result in sensitive and pinkish coloration of the skin. It has various side effects such as skin decoloration, and skin numbness due to local anesthesia. While microneedling is a minimally invasive procedure used for skin rejuvenation with minimal side effects. Microneedling is a new procedure getting popular in developed countries across the globe owing to various advantages offered by the procedure such as less treatment time, best results, and many more.

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The market is driven by increasing demand for new minimally invasive procedures for skin rejuvenation, and availability of technologically advanced device in the market. High cost of dermabrasion and available of alternative treatment such as laser surgery, moderate to deep skin peels, and the injection of fillers may restrain the market growth.

The global dermabrasion market is expected to grow at a CAGR of 3.68% during the forecast period.

Taste the market data and market information presented through more than 55 market data tables and figures spread over 101 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Dermabrasion market research report–Global forecast till 2023.”

Major Players in the Market:

Some of the key players in the global Dermabrasion and Microneedling Market market are Stryker (U.S.), Medtronic (U.S.), CONMED Corporation. (U.S.), MicroAire Surgical Instruments (U.S.), Delasco (U.S.), George Tiemann & Co. (U.S.), Bellus Medical (U.S.), Osada, Inc. (U.S.), Dermapen World (Australia), MDPen (Georgia),  DermaQuip. (U.S.), and Eclipse Aesthetics (U.S.). Other players are Salient Medical Solutions (U.S.), Emage Medical (U.S.), 4T Medical (U.K), Dr. Ron Shelton. (U.S.), and Bellaire Industry (U.S.).

Regional Analysis

Dermatology and cosmetology are receiving worldwide attention and there is a rise in the demand for affordable treatment, especially, in the developing countries across the globe. As per the World Health Organization (WHO), deaths from cancer worldwide are expected to rise to over 13.1 million by 2030. According to the article published in the Adolescent Health, Medicine and Therapeutics, acne vulgaris is the most common skin condition diagnosed in adolescents worldwide.

The Americas is the largest market owing to an increasing demand for skin resurfacing and rejuvenation procedures in the U.S. and increasing demand for non-invasive procedures for skin problems among women such as acne vulgaris and surgical scars.

Europe holds the second position in the market. The market in the European countries is increasing due to the increasing adoption of skin care and cosmetic procedures, availability of funds for research and development activities, and growing emphasis on skin care. Furthermore, the demand for dermatology procedures for skin resurfacing is increasing in the European countries.

In Asia Pacific market, rising awareness about advantages of dermabrasion and side effects, changing lifestyle, and the demand for new dermatology treatment for acne and skin pigmentation are major factors driving the growth of the market. Additionally, the availability of well-qualified cosmetic surgeons and dermatologists further stimulates the market growth. In Asia Pacific, Australia has the highest prevalence of skin cancer, which has been increasing continuously from the last few years, thus there is an extensive demand for dermatology procedures.

The demand for dermabrasion is found to be low in the Middle East & Africa.

Segmentation

The global dermabrasion & microneedling market is segmented on the basis of dermabrasion device type, micro-needling device type, needle material, application, and end user.

On the basis of dermabrasion device type, market is segmented into manual dermabraders and motorized dermabraders.

On the basis of microneedling device type, market is segmented into derma-stamp, dermapen, dermarollers, and others

On the basis of needle material, the microneedling market is segmented into silicon, glass, and metal.

On the basis of application, the dermabrasion & microneedling market skin rejuvenation, acne scar, traumatic & surgical scars, acne vulgaris, and others.

On the basis of end user, the market is segmented into hospitals, dermatology clinics, and others.

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Cystic Fibrosis Market outlook with industry review and forecasts

 Global Cystic Fibrosis Market that predicts the growth of the market with a substantial 13.8% CAGR during the forecast period of 2016-2022. The MRFR report also asserts that the cystic fibrosis market is a likely to achieve USD 1, 192.2 Mn valuation by 2022 end. 

The inherited chronic malaise namely cystic fibrosis (CF) causes accumulation of thick and sticky mucus in lungs and digestive system that leads to obstruction of the natural system which causes infection. Caused due to mutation in cystic fibrosis transmembrane conductance regulator (CFTR) protein gene, the disease has symptoms which include continuous respiratory infection, fatty stool, and loss of appetite. The treatment for cystic fibrosis is likely to compel the pharmaceuticals in manufacturing more effective drugs, thereby creating immense opportunity for the key players operating in the market to invest in research and developmental activities. 

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Cystic fibrosis hinders all endocrinal hormone activities which can sometimes lead to infertility in men. Hence, early diagnosis is crucial. Medical advancements are expected to bring positive results in boosting the cystic fibrosis diagnostics techniques. These are important factors which are anticipated to promulgate market growth. The diagnosis and treatment of cystic fibrosis are expensive. This is an expected retarder of the global cystic fibrosis market. 

Key Players 

• Vertex Pharmaceuticals

• F. Hoffmann-La Roche

• AbbVie

• Gilead Sciences

• Novartis

• Genentech

• Pharmaxis

• Chiesi Pharmaceutics

• Forest Laboratories and more.

Segmental Overview 

The global cystic fibrosis market segmentation by MRFR is based on treatment method. 

It offers a comprehensive study on the market. The treatment method is further narrowed down to medication, devices, and other treatments. The medication segment is anticipated to hold the maximum market share. This medication segment is estimated to grow with an impressive 14% CAGR during the upcoming years of 2016-2022. 

Regional Analysis 

MRFR in its report mentions a detailed regional analysis that gives a clear picture of the regional market drivers and restraints. Geographically, the Cystic Fibrosis Market study is segmented into North America, Asia Pacific, Europe, and Rest-of-the-World (RoW). 

The highest market share is likely to be owned by North America, with a valuation estimated to grow to USD 531 million by 2022 end. The region boasting of its technological advancements and medical infrastructure is impelling the cystic fibrosis market. 

The European cystic fibrosis market is expected to attain an astounding 14.1% CAGR in the forthcoming years owing to the European governmental healthcare benefits. 

The Asia Pacific region to experience a progressive cystic fibrosis market. However, in countries like China and Japan the occurrence rate of cystic fibrosis is relatively lower compared to the other countries of APAC. The economic backlog and deploring medical infrastructure in the Middle East Asia and Africa is impeding the cystic fibrosis market growth. 

To know more About Related Report with Top Companies at https://www.marketwatch.com/press-release/cystic-fibrosis-market-the-biggest-trends-to-watch-out-for-2018-2023-2018-11-30 

List Of Tabels

TABLE 1 GLOBAL CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 18

TABLE 2 GLOBAL CYSTIC FIBROSIS MEDICATION MARKET, BY REGION, 2013–2027 ($MILLION) 19

TABLE 3 GLOBAL CYSTIC FIBROSIS DEVICES MARKET, BY REGION, 2013–2027 ($MILLION) 20

TABLE 4 GLOBAL CYSTIC FIBROSIS OTHER TREATMENTS MARKET, BY REGION, 2013–2027 ($MILLION) 21

TABLE 5 GLOBAL CYSTIC FIBROSIS MARKET, BY REGION, 2013–2022 ($MILLION) 23

TABLE 6 NORTH AMERICA CYSTIC FIBROSIS MARKET, BY COUNTRY, 2013–2022 ($MILLION) 24

TABLE 7 NORTH AMERICA CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 25

TABLE 8 US CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 26

TABLE 9 CANADA CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 26

TABLE 10 EUROPE CYSTIC FIBROSIS MARKET, BY COUNTRY, 2013–2022 ($MILLION) 28

TABLE 11 EUROPE CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 29

TABLE 12 GERMANY CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 29

TABLE 13 FRANCE CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 29

TABLE 14 UK CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 30

TABLE 15 ITALY CYSTIC FIBROSIS MARKET, BY TREATMENT METHOD, 2013–2022 ($MILLION) 30 

Continue..

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News: Acupuncture Market Size & Share, Trends By Top Companies and Demand

 Growth Prospects

Market Insights

The arrival of technically advanced acupuncture treatments, such as the use of laser and electroacupuncture equipment, is expected to improve the development of the acupuncture market internationally over the anticipated period, asserts Market Research Future (MRFR) in its latest report.

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Market growth is fueled by factors such as the increasing incidence of gynecological conditions such as, pregnancy problems premenstrual syndrome, polycystic ovary syndrome (PCOS), menstrual problems, menopause, infertility, and chronic pain disorders. In addition, the increasing frequency of chronic diseases such as fibromyalgia and migraine, leading to health complications such as insomnia, body aches, and mental disorders, will stimulate the progress of the acupuncture market.

In addition, many notable competitors are involved in the development and production of laser and electro-acupuncture equipment. The growing number of health problems in the elderly, such as sleep disorders, body, and pain, also fueled the development of the market. The rising geriatric population worldwide is expected to affect the acupuncture market during the forecast period. Growing demand for alternative and complementary drugs, such as acupuncture, has strengthened the market financing landscape, which may be an important opportunity for market expansion over the forecast period. Financing from competitors and newcomers to the market is likely to contribute to market growth over the forecast period.

Market Segmentation

The acupuncture market is segmented based on application, end-user, and product and services.

The global acupuncture market is diversified on the basis of products and services. The service segment also includes Japanese acupuncture, cupping, traditional Chinese medicine, auricular, Korean hand acupuncture, moxibustion scalp acupuncture, non-insertion acupuncture, and others. The product segment is also segmented into suction cups, needles, rod lasers, laser needle, and laser pens, electro-acupuncture devices, and more. The needles are subdivided into traditional and modern needles.

The application segment of the global market is classified into gynecological disorders, pain syndrome disorders, mental illness, and others. Pain syndrome diseases dominate the market with largest share of 33.5%.

The end-user segment of the market is segmented into specialized hospitals and clinics, wellness centers, and academic and research institutions. The wellness center is predicted to influence the global acupuncture market due to a large number of wellness centers involved in acupuncture therapies and the growing preference for acupuncture as alternative medicine.

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Regional Outlook 

Regional market analysis indicates that the European region should dominate with the largest share of the global acupuncture market and should grow with a 13.53% CAGR over the forecast period. The development of the market is related to the growing number of chronic diseases and the growing preference for acupuncture treatments among the European population. In addition, the existence of major competitors in the market contributes significantly to market growth in the region. In addition, increasing insurance coverage in countries such as Austria, France, Spain, and other private companies will provide promising results in market growth in the European region.

The Asia Pacific region is probably the fastest-growing region in the acupuncture market in the world and is predicted to spur with a compound annual growth rate of 15.02% during the assessment year. In addition, the growing number of companies producing acupuncture products and the increasing prevalence of chronic diseases are leading the market growth in this region.

Market Participants

The players involved in manufacturing the necessary devices and equipments both, traditional and modern include 3B Scientific GmbH, Asia med GmbH, Qingdao Great Fortune Co. Ltd, Zepter International, AcuMedic Ltd, Kanson, SEIRIN Corporation, MKW Lasersystem GmbH, Cymedics GmbH & Co. KG, schwa-medico GmbH, and Wuxi Jiajian Medical Instruments Co.

Recent Updates

In a study performed by the researchers from South Medical University, the drug therapy and acupuncture were combined while treating the patients. The combinational outcome of the acupuncture and drug were fruitful in contrast to patients who were treated only with drug injections.

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News: Retinal Implants Market Forecast to 2025

 Retinal implants have proven its mettle as a breakthrough therapy in the treatment of visual impairment. The global retinal implants market is perceived to be growing at a recurring rate and is expected to reach high revenue figures in the coming years, as per the analysis of Market Research Future (MRFR).  The global retinal implant market has been flourishing on account of the widespread prevalence of eye disorders across the globe. Growing cases of retinal disorders have induced high demand for retinal implants since they aid in the restoration of vision. Retinal implants have demonstrated significance for application in eye disorders which were once far-off impossible to achieve. The fact that these devices can be implanted with minimally invasive procedures has added to its popularity and driven the market. The rise in geriatric population is a crucial factor driving the growth of the retinal implant market. Owing to various health insufficiencies, the aging population is more susceptible to acquiring visual impairment and require retinal implant.

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Substantial investment in R&D activities by various medical device manufacturers and governments have led to the development of advanced retinal implants which can be successfully implanted in patients. Extensive clinical trial activities have also contributed to the growth of the market. Few retinal implants have already cleared clinical trials, and many more are underway which is expected to spur the market in the future. In addition, the rise in a number of FDA approvals has been a plus for the growth of the global retinal implants market.

A large number of retinal implants are due for approval and patent from various regulatory authorities, the market stores opportunities for expansion. Also, expected expansion in reimbursement coverage for retinal implants is also expected to augment the market in the coming years. Other driving factors include the rise in the prevalence of degenerative diseases and raising awareness regarding the availability of the device which raises adoption. However, lack of skilled medical professionals with adequate knowledge of performing surgery and stringent and complex FDA approval process remains a significant hurdle for the growth of the global retinal implants market. High costs associated with retinal implants, the risk of biocompatibility and unknown long-term efficacy of the product are also expected to hinder adoption.

Segmentation

The global retinal implants market has been segmented into device type, disease indication, and end user. By device type, the market has been segmented into retina implant alpha AMS, Argus II, implantable miniature telescope, and others.  By disease indication, the market has been segmented into age-related macular degeneration (AMD) and retinitis pigmentosa. By end user, the market has been segmented into multi-specialty hospitals, ophthalmic clinics, and research institutes.

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Regional Analysis

North America, Europe, Asia Pacific, and the Rest of the World are the key markets for retinal implants. North America accounts for a substantial share of the global market. Higher availability of the product, improving reimbursement scenario and higher affordability in the region supports the growth of the North America market for retinal implants. Presence of highly skilled surgeons to perform immensely complex surgical procedure also accelerates adoption in the region.

In Europe, the market is driven by an increase in R&D activities and the expansion of clinical trials.

Presence of developing countries such as India, China, and Japan, who outlay massive amounts on healthcare expenditure, coupled with growing disposable income and affordability supports the growth of the market in Asia Pacific.

Rest of the World market is expected to fare well in the coming years since various market players are foraying into the untapped regions to leverage the potential they offer for market expansion.

Competitive Landscape

Second Sight Medical Products, Inc.; Retina Implant AG,  VisionCare, Inc., Bionic Vision Australia (BVA), Bionic Eye Technologies, Inc., and Visus Technology, Inc. are the key players operating in the global retinal implants market.

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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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Non-Alcoholic Steatohepatitis Biomarkers Market Global Trends, Growth Factors, Analysis by Top Companies and Forecast

 Covid19 Impact on Non-Alcoholic Steatohepatitis (NASH) Biomarkers Global Market 2020- Growth factors, Demand, Current Scenario, Size, Share Investment, Business Opportunities and Challenges

 Non-Alcoholic Steatohepatitis (NASH) Biomarkers Global Market Overview

NASH biomarkers are helpful in the identification of liver damage and the severity of the disease. Non-alcoholic steatohepatitis (NASH) is a kind of non-alcoholic fatty liver disease (NAFLD). This disease leads to risks as dangerous as liver failure. Non-alcoholic steatohepatitis biomarkers global market is projected to grow at nearly 21% rate annually. Growth of this market has seen significant growth. It can arise in future due to the absence of tests for NASH treatment, the rapid increase in related patients, demand for non-surgical procedures and increasing awareness. Governments & non-profit groups are spreading the awareness and are investing in research programs, resulting in the spread of NASH biomarkers market.

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This disease has affected a large population worldwide, and the efforts to search for diagnose has gained pace in the same period. On seeing this, numerous amounts are being invested in research & development programs by governments and other authorities. Now it has become necessary for companies to keep their eyes and ears open to reach for any advancement, as any cure found can help them in gaining hefty profits and the demands would be high at initial stages.

Apart from all these factors, there are some constraints faced by the industry. At present, the treatment cost of NASH biomarkers is quite high, which makes it far away from sight for economically weaker sections of the society and struggling economies. Also, the rules and regulations established by the authorities are holding back the growth of this industry

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Market Segments of Non-Alcoholic Steatohepatitis (NASH) Biomarkers

NASH biomarkers global market has two segments:

Types: Hepatic fibrosis biomarkers, apoptosis biomarkers, oxidative stress biomarkers and other are some types of biomarkers available.

End-Users: Pharma and CRO (contract research organisation) industries, hospitals, diagnostic laboratories and others are some types of biomarker users.

Non-Alcoholic Steatohepatitis (NASH) Biomarkers Global Market Regional Overview

There are four major global NASH markets in America, Europe, Asia Pacific and The Middle East & Africa.

On seeing the market trends, the American region is projected to lead the global market. Factors like the rising occurrence of related diseases, governmental initiatives for awareness & development and already established developed healthcare with increasing demands are responsible for such massive growth in this market. Europe is in second place due to the same features mentioned above.

Asia Pacific market will show moderate growth due to rising population, developments & efforts made for better health infrastructure, the increase in the number of patients and large population. Authorities here are making efforts to fight such conditions and hence increasing the market share and new possibilities.

The Middle East and African region will maintain its slow growth due to struggling healthcare facilities, high implementation costs and limited awareness.

Non-Alcoholic Steatohepatitis (NASH) Biomarkers Global Market Key Players

The prominent players in the global non-alcoholic steatohepatitis biomarkers market are BioPredictive (France), Celerion (US), Cisbio (France), Echosens (France), Enterome (France), GENFIT (France), Laboratory Corporation of America Holdings (US), NGM Biopharmaceuticals (US), One Way Liver, SL (Spain), Pacific Biomarkers (US), Prometheus Laboratories Inc (US), Perspectrum Diagnostics Ltd (UK), Quest Diagnostics, Regulus Therapeutics, Inc. (US), Siemens Healthineers (Germany), Shenzhen New Industries Biomedical Engineering Co., Ltd (China), and Xeptagen SpA (Italy)

Recent Industry News

American region will lead the market with maximum cover during the entire projected period. To gross maximum profit and market share, there is a need to continually work on finding new alternatives with less potential threats as the rules and regulations offered are becoming harsh and narrower with time. Apart from the investments and efforts of the authorities, the industry itself needs to search for better diagnostic measures.

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Analysis Report : Mitochondrial Disease Therapies Market Size, Trends, Report and Global Growth

 

Overview:

In Mitochondrial myopathy, the mitochondria are affected which leads to symptoms such as muscle weakness, muscle cramping, low immunity, poor balance, and fatigue. Mitochondrial myopathy interferes with the functioning of the muscles and might also affect the functioning of other organs. At present, there is no curative therapy for mitochondrial myopathy. As per the analysis of Market Research Future (MRFR), the global mitochondrial myopathy market is expected to exhibit an upswing and attain USD 33.6 Mn at a CAGR of 9.82% by the end of the forecast period of 2017-2020.

The growth in the global Mitochondrial Disease Therapies Market can be attributed to various factors. The spiraling rise in the incidence rate of mitochondrial myopathy is a key factor in boosting the growth of the market. As per the Australian Mitochondrial Disease Foundation (AMFD), about one in 5,000 people are likely to develop a significant mitochondrial disease. A growing number of mitochondrial myopathy cases generate massive demand for diagnosis and treatment which is well complemented by the rise in a number of screening services. Higher awareness regarding the disease has led to the development of various screening methods. Government support in the form of funding and incentives for rare genetic diseases has promoted the growth of the market. In addition, rigorous R&D activities aimed at developing therapies and treatments for mitochondrial myopathy have encouraged the growth of the market. Furthermore, a growing number of clinical trials to develop effective drugs for the disease along with the rise in a number of FDA approvals for novel drugs and therapies have proven to be beneficial for the growth of the market. On the downside, the growth of the market might be met by various bottlenecks. Lack of proper curative treatment and poor treatment options remain a major hurdle for the market growth. Due to low awareness, the diagnosis of the disease remains considerably low, especially in the developing and underdeveloped countries. Besides, the rare nature of the disease and high cost of drug development along with high investment risk remain major challenges to the growth of the market. Nevertheless, faster market uptake and low marketing cost are likely to present growth opportunities to the global mitochondrial myopathy diagnosis & treatment market.

Segmentation

The global mitochondrial myopathy diagnosis & treatment market has been segmented based on type, diagnostic tests, and therapy.

By type, the global mitochondrial myopathy diagnosis & treatment market has been segmented into neuropathy, mitochondrial encephalomyopathy, lactic acidosis, and stroke-like episodes (MELAS), progressive external ophthalmoplegia (PEO), Pearson syndrome, Leigh syndrome, ataxia, mitochondrial DNA depletion syndrome (MDS), Retinitis pigmentosa (NARP), Kearns–Sayre syndrome (KSS), myoclonic epilepsy with ragged red fibres (MERRF), mitochondrial neurogastrointestinal encephalopathy syndrome (MNGIE). The MELAS is the largest segment and is foreseen to capture a CAGR of 19.39% during 2017-2020.

By diagnostic test, the global mitochondrial myopathy diagnosis & treatment market has been segmented into genetic tests, muscle biopsy, and biochemical test. The genetic tests segment was the largest segment in 2016 and is projected to grow at a CAGR of 10.11% over the forecast period.

By therapy, the global mitochondrial myopathy diagnosis & treatment market has been segmented into supportive therapy and targeted therapy. The supportive therapy segment held the largest market share in 2016 and is projected to capture a CAGR of 9.82% over the forecast period.

Regional Analysis

By region, the global mitochondrial myopathy diagnosis & treatment market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas dominate the global market on account of favorable reimbursement landscape and high healthcare expenditure. The region has a general propensity to adopt new technologies earlier as compared to other regions which are an advantage for the growth of the Americas market. The Americas mitochondrial myopathy diagnosis & treatment market is anticipated to reach USD 116.7 Mn at a CAGR of 19.39% by the end of the forecast period of 2017-2020.

Europe is the second largest market for mitochondrial myopathy diagnosis & treatment spurred by high disposable income and surging awareness in the region.

The APAC mitochondrial myopathy diagnosis & treatment market is expected to reach USD 4.4 Mn at a CAGR of 9.94% by the end of the forecast period.

The MEA market is led by the Gulf nations of Saudi Arabia and UAE. The Africa region is expected to showcase moderate growth due to poor economic condition prevailing in the region and low healthcare penetration.

Competitive Landscape

The notable players in the global mitochondrial myopathy diagnosis & treatment market include Stealth Biotherapeutics, Khondrion BV, NeuroVive Pharmaceutical AB, Reata Pharmaceuticals Inc., GeneDx, Mitobridge, Centogene AG, and Ixchel Pharma.

Industry Updates

In January 2019, Stealth Bio Therapeutics announced selling USD 86.25 of its common stock in an IPO for advancing drug candidates for the treatment of mitochondrial-based conditions. The finding will support the development of drugs to treat mitochondrial dysfunction.

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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.

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.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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.

 

Worldwide Analysis on Ligation Devices Industry Trends, Global Analysis, Report, Sizing by Industry And Forecast

 Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2024

Ligation Devices Market Highlights

As per Market Research Future (MRFR) analysis, the global ligation devices market is estimated to register a CAGR of 6.7% from 2019 to 2024 (forecast period).

Ligation devices are used for closing incisions during surgeries or for connecting separate organ/tissue parts. The number of surgeries and laparoscopic procedures has increased in the last few years. According to the 2017 National Health Statistics Reports published by the Centers for Disease Control and Prevention, 48.3 million surgical/non-surgical procedures were performed in the United States in 2010. It is reported that surgeries are often reimbursed, thereby facilitating a wider pool of patients for producers.

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Ligation Devices Market Dynamics

Favorable reimbursement policies, rising health expenditures, and increasing research and development expenditure are expected to boost the market. As per the GI Endoscopy Coding and Reimbursement Guide published by Cook in 2017, procedures such as endoscopic retrograde cholangiopancreatography (ERCP) are covered by CPT code 43261 with an average facility payment of approximately USD 1.134.02.

However, it is projected that factors such as the high cost of surgery and related side effects would hinder the market growth.

Ligation Devices Market Segmentation

The global market for ligation devices has been segmented based on the product, procedure, application, end-user, and region.

Based on product, the global market for ligation devices has been segmented into handheld instruments and accessories.

Based on the procedure, the global market for ligation devices has been segmented into minimally invasive surgery and open surgery.

Based on application, the global market for ligation devices has been segmented into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications, and others.

Based on the end-user, the global market for ligation devices has been segmented into hospitals & clinics, ambulatory surgical center, and others.

 

Ligation Devices Market Regional Analysis

Regionally, the global ligation devices industry trends has been segmented into the Americas, Asia Pacific, Europe, the Middle East & Africa.

The Americas held the largest market share for ligation devices due to rising health expenditure and the growing prevalence of chronic diseases. As reported by the Centers for Disease Control and Prevention in 2018, coronary heart disease (CHD) has been estimated to be the most common type of heart disease in the U.S. and is expected to cause 370,000 heart disease per year.

Europe held the second position in the global market for ligation devices in 2018. It can be due to growing awareness, government funding, the production of technologically advanced medical devices, and the rising number of surgeries. However, stringent regulation is expected to hinder the growth of the global market for ligation devices over the forecast period.

The Asia Pacific was the fastest-growing region on the global market for ligation devices in 2018. Asia Pacific has an enormous market potential for the market for ligation devices. Factors such as increasing healthcare infrastructure, developing healthcare industries, increasing number of surgeries, and rising medical tourism are driving market growth in the region. Monash University stated that the bariatric surgery burden in Australia was burgeoning in 2015, and roughly 15,000 surgical procedures were carried out in the region in the same year. Moreover, the emergence of developing economies such as India and China are boosting the market.

The Middle East and Africa have had the least market share in the global market for ligation devices. Factors such as the existence of poor economies and low per capita income, particularly in the African region, make the market lag within the region. It is projected that the Middle East holds most of the regional market due to increased government funding in the healthcare sector and the presence of developed economies such as the United Arab Emirates, Saudi Arabia, and others.

Ligation Devices Market Key Players

Some of the significant participants in the global ligation devices market are Medtronic, Johnson & Johnson, Conmed Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Olympus Corporation, Applied Medical Resources Corporation, The Cooper Companies, Inc., Grena Think Medical, Genicon, Inc., and others. 

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