Worldwide Analysis on Diagnostic Imaging Services Market Size, Share, Report, Covid19 Impact and Demand

 Diagnostic Imaging Services Market Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application (Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) - Global Forecast Till 2023

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

On regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market 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. 

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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.Diagnostic Imaging Services Market Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application (Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) - Global Forecast Till 2023

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

On regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market 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. 

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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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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.

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:
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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.

Trending Topic: Diabetes Monitors Market share , Report, Technology Trends and Demand

Overview:

Diabetes monitoring is a type of testing that tries to detect the blood-glucose ratio to find out the concentration level. The process, in case of diabetes, involves piercing of the body part to receive a sample of the blood and then putting that on a chemically-active strip to understand the concentration level. The strip is disposable. These devices are known as diabetes monitor market. Other instruments are also available to check the urine sample or sweat sample. On the other hand, Abbott has launched one that requires no finger-pricking. 

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The global market for diabetes monitoring can enjoy strong growth due to the growing investment in research and development. Hike in disposable income is also expected to support the global market by spurring the intake of the product. Innovation can play a pivotal role in taking the market ahead. 

Segmentation:

The market study for global diabetes monitors relies on sample, type, component, and end-users for better analysis. The study includes factorial findings to support various details and provide better insights that can ensure better path selection for the coming years. 

By sample, the market for diabetes monitor can include blood samples, urine samples, sweat samples, and others. All these samples play an integral part in the correct measurement of diabetes. However, blood samples are quite popular. 

By type, the market for diabetes monitor includes continuous glucose monitors, point sample test-based glucose monitors, and enzyme-free sensor-based glucose monitors. The continuous glucose monitors segment includes re-usable sensor-based CGM, and disposable sensor-based CGM,

By components, the study includes glucose test strips, lancet, and sensors. The sensors segment comprises enzyme-based sensors and enzyme-free sensors

By end users, the report covers hospitals, diagnostic clinics, and home. All these segments are providing much traction. The simplicity of monitoring technology is giving traction to the home segment. 

Regional Analysis:

The Americas has maximum market domination. Of the two major regions, North America is providing substantial market traction due to its superior infrastructure, solid investment capacity, high tendency to include technologies and others. Various companies are also operating from the region that can trigger boost for the market. Also, the market is gaining strong grounds due to the increasing patient population. Government initiatives are also remarkable. In South America, Argentina and Brazil are showing substantial growth capacity but these two countries can only provide growth with solid investment from various global players. 

Europe is gaining substantial coverage due to the presence of several developed countries like France, the UK, Germany, Denmark, and others. Several countries from Northern Europe are showing strong potential. Governments are also making it mandatory to undergo several diabetes tests to ensure better safety provision for patients. Health insurances provide these compensations. 

The APAC market is expected to gain a notable hike due to the increasing participation in the region from several governments. The devices are also cost-effective, which helps the market in gaining remarkable grounds. Huge patient pool and hike in technology can also ensure better market growth. 

The Middle East and Africa may find the growth to be sluggish due to the presence of several weak economies.

Competitive Landscape:

A number of companies are expected to project strong growth for the global diabetes monitor market share These companies are Abbott Laboratories, Panasonic, F. Hoffmann-La Roche Ltd, Dexcom, Inc., Sanofi, Medtronic, LifeScan, Inc., and others. MRFR recorded their growth and profiled their moves for the market to understand the market route chart for the coming years in a better way. Their steps often rely on successful integration of various strategies that would not just solidify their market stance but would take the market ahead in the coming years. 

In September 2019, Sanofi announced that they have decided to collaborate with Abbott to launch a new diabetes monitoring technology that would integrate better quality glucose sensing and superior insulin delivery technologies, in order to facilitate better diabetes management. The device would adopt FreeStyle Libre technology. 

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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.

Contact:
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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.

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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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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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.

You cam also read here !! https://www.medgadget.com/2019/10/acupuncture-market-in-depth-analysis-by-size-share-current-trends-high-cost-of-treatment-competitive-outlook-and-global-market-opportunities-from-2019-2023.html 

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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