Trends on Acupuncture Market 2020 -Size, Global Analysis and Forecast till 2023

 Market Research Future (MRFR) has launched a new release on the global acupuncture market. The report  provides comprehensive coverage of the market’s growth prospects over the forecast period till 2023,  based on a detailed analysis of the market’s key growth drivers and markers derived from the market’s  historical growth trajectory. The global acupuncture market was valued at USD 24,551.6 mn in 2017,  according to the report.  

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Acupuncture is a part of traditional Chinese medicine (TCM) and consists of lightly piercing a patient’s  body with small needles in order to influence and manipulate the flow of the patient’s life force, or “qi”,  an essential concept in TCM. The needles are placed at strategic spots chosen due to their connection  with the overall flow of qi within the patient’s body. The technique of acupuncture emerged in ancient  China, but has gained significant popularity in modern-day U.S. The growth of the New Age movement  has considerably helped spread the acupuncture market in Western regions, where it is now considered  a pseudoscience but an established part of the wide spectrum of alternative medicine.  

Acupuncture has been shown to have some effect in pain treatment; however, evidence demonstrating  its efficacy in treating other medical conditions and even serious pain resulting from potentially terminal  conditions is lacking. Acupuncture is now also being used in gynecological conditions related to  menopause or PMS. Most of the clinical effects of acupuncture are thought to originate from the placebo  effect and the overall calming effect of the setting, which may help in pain relief on its own. Nevertheless,  the growing demand for alternative medicine in the U.S. has emerged as a significant driver for the global  acupuncture market. On the other hand, the lack of insurance coverage for acupuncture and relatively  expensive per-visit fees could hamper the market’s growth prospects in Western economies over the  forecast period.  

Segmentation: 

The global Acupuncture Market is segmented on the basis of component type, application, end user, and  region. 

By component, the global acupuncture market is segmented into services and products. 

By application, the global acupuncture market is segmented into pain syndrome illnesses, gynecological  disorders, psychological disorders, and others.  

By end use, the acupuncture market is segmented into wellness centers, hospitals and specialty clinics,  and research and academic institutes.  

Regional Analysis: 

By region, the global acupuncture market is segmented into the Americas, Europe, Asia Pacific, and the  Middle East and Africa. The Americas segment is sub-segmented into the U.S., Canada, and South America. 

Europe is further categorized into Western Europe, containing Germany, France, the UK, Spain, Italy, and  the rest of Western Europe, and Eastern Europe. Asia Pacific is further segmented into Japan, China, India,  Australia, South Korea, and the rest of Asia Pacific.  

Asia Pacific is likely to retain a dominant share in the global acupuncture market over the forecast period  due to the preeminent role played by China in the development and conception of acupuncture. The  traditional popularity of acupuncture in China has seen the region hold on to the top spot in the global  acupuncture market, while countries around China, such as India, Korea, Australia, and Japan have also  emerged as key markets for acupuncture services in recent years. The growing popularity of alternative  medicine in these countries and the growing healthcare expenditure, thanks to the growing disposable  income of consumers in the region, are likely to drive the acupuncture market in the region over the  forecast period. 

North America is another leading regional market for acupuncture products and services thanks to the  growing influence of the New Age movement, which has led to increasing resistance to conventional  Western medicine and increasing acceptance of other, less invasive, and supposedly more effective forms  of alternative medicine. The increasing healthcare expenses in the U.S. are also likely to remain a key  driver for the acupuncture market, though the lack of insurance coverage could hinder the market from  going mainstream.  

Competitive Analysis: 

Leading players in the global acupuncture market include Wuxi Jiajian Medical Instruments Co. Ltd., 3B  Scientific GmbH, Zepter International, MKW Laser System GmbH, Qingdao Great Fortune Co. Ltd.,  AcuMedic Ltd., Asia-med GmbH, Cymedics GmbH & Co. KG, SEIRIN Corporation, and Schwa-medico  GmbH.  

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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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Vocal Biomarkers Market By Major Players, Volume, Demand, Report and Forecast

 

Vocal Biomarkers Market Scope

The vocal biomarkers market 2020 can touch USD 2.5 billion by 2023-end, says Market Research Future (MRFR). MRFR also projects the global market to attain a decent CAGR of 14.5% between 2017 and 2023 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

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Primary Drivers and Main Deterrents

SARS-CoV-2 can be characterized by certain dysfunction within the respiratory system, which includes the diaphragm along with lower respiratory tract. COVID-19 is therefore known to induce breathing issues and have a negative impact on lungs. Considering the fact that the COVID-19 impact is largely on the breathing functions, along with a few cases of neurological issues induced by the pandemic, it is expected that vocal biomarkers obtained from the speech subsystem can be a significant indicator of the virus. In a nutshell, vocal biomarkers’ use for detection of the novel coronavirus has increased incredibly in the past few months, and can have a positive impact on the global market, despite the lockdown imposed worldwide.

Many companies are introducing new apps and services following the pandemic, with the aim to capture a higher share in the global market. To illustrate, in July 2020, Sonde Health launched an app that is based on vocal biomarker. The app helps detect any respiratory symptoms with only the use of the person’s voice. The app is mainly targeted for the company’s workforce who can use it to decide whether to enter the office, since it will inform the employee based on their voice if they should enter the office or remain at home.

Vocal biomarkers technology is highly cost-efficient that accurately detects diseases, and following the COVID-19 outbreak, it has emerged as an extremely useful tool for the healthcare industry. Pharmaceutical vendors are leveraging the benefits of vocal biomarkers as these also help detect neurological and psychiatric disorders. A few conditions such as Alzheimer’s, Schizophrenia and Parkinson’s can also be detected at an early stage, which helps doctors come up with effective treatment plans without losing time. Apart from the healthcare industry, vocal biomarkers are also used to detect a lie, a highly valuable factor in security agencies and defense organizations, where apprehending a criminal is of utmost priority.

Vocal Biomarkers Market Segmental Insight

The vocal biomarkers industry has been considered depending on type, indications and end users.

 

The key types of vocal biomarkers are amplitude, frequency, pitch, vocal rise or fall time, error rate, voice tremor, phonation time, and others.

With respect to the indications segment, the market caters to psychiatric disorders (attention deficit, disruptive behavior disorders, depression, and others), neurological disorders (Huntington's disease, Alzheimer's disease, Parkinson’s disease (PD), others), traumatic brain injury (TBI), cardiovascular disorders, respiratory disorders and more.

The main industry end users are academic and research, hospitals and clinics, to name a few.

Vocal Biomarkers Market Regional Outlook

North America along with Middle East & Africa/MEA, APAC/ Asia Pacific and Europe are the main markets for vocal biomarkers.

The market in the US is currently the most lucrative, given the positive reimbursement conditions and the high spending on healthcare. The quick uptake rate of the latest technologies in the country also adds to the vocal biomarkers market’s strength. Thanks to the expanding scope of health-related and voice-assistant applications, healthcare and life sciences organizations are increasingly focusing on using voice assistant technology in various clinical trial settings.

Europe comes in second in the global market, as a result of the favorable financial status of various countries and the growing awareness with regard to vocal biomarkers. The well-developed healthcare infrastructure along with the high number of financially stable research institutes that make extensive use of superior technologies can also be cited as significant growth inducers in the European market.

APAC seems to hold the highest growth potential out of all the regions, and is spearheaded by the fast developing countries of India and China. Vocal biomarkers’ extensive deployment in respiratory problems, neurological disorders, traumatic brain injury, and more in the region has led to an incredible growth spike in recent years. APAC is majorly focused on research and development with the prime objective to extend the application scope of vocal biomarkers, encouraged by the strong support of the government and related companies in the form of substantial investments.

Vocal Biomarkers Market Eminent Companies

Cogito Corporation, Beyond Verbal, IBM Corporation, Sonde Health, Audio Profiling and more are the eminent companies mentioned in the extensive market study by MRFR.

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Smart Insulin Pens Market 2020: Competitive Landscape, Production, Supply, Demand, Industry

 Industry Landscape

In the latest research study on the global smart insulin pens market 2020 by Market Research Future (MRFR) is a valuable source of information for market players vying to establish a strong foothold in the current smart insulin pens market landscape. The detailed assessment of the smart insulin pens market offers domestic as well as international market players an apparent picture of the prospective growth opportunities, which is explained through figures. In the past months, the novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Smart Insulin Pens Market. With the help of this report, it has come under the spotlight that the market would stagger at a CAGR of 10.77%, and with this, revenue could hit USD 153.81 Million by 2027.

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Smart Insulin Pens Growth and Attributed

The mounting popularity of diabetes is one of the growing concerns currently for smart insulin pens. As per the International Diabetes Federation, 415 million people probably had diabetes in 2015. This is expected to attain 642 million by the year 2040. Therefore, daily insulin dose management among diabetic patients is vital to better manage the disease leading to the rapid penetration of smart insulin pen technology in the global market. Smart insulin pens have transformed diabetes care through digitalization and connectivity. A fast increasing diabetic patient pool is probable to create a positive impact on the Bluetooth connected smart insulin pen segment, thus boosting the smart insulin pens market.

Diabetes management with conventional insulin pens available in the market has now become tedious, time-consuming, which also requires patients to remember and document their data, making it difficult to manage their insulin dosage promptly. Such a situation can lead to a misinterpretation of the results. Bluetooth and USB enabled smart insulin pens to allow users to track their insulin doses and assist seamless documentation of insulin units and blood glucose levels. Smart insulin pens also send alerts to patients and healthcare professionals in case of missed doses. All these factors are attributed to a rising number of manufacturers focusing on introducing devices with smart connectivity, which allow automatic insulin dose data transfer on the patient portal for streamlined data dosage management.

Additionally, a course in the adoption of connected medical devices and the incorporation of glucose monitoring devices and therapeutics to manage diabetes better is considered apt to propel the smart insulin pens market across the globe. As per the World Health Organization, a predictable 1.6 million deaths occurred by diabetes, in 2016. Similarly, as per the American Diabetes Association, in the year 2015 estimated that 30.3 million people in the U.S. suffered diabetes, which included 1.25 million children.

Segment Review

Global Smart Insulin Pens Market has been studied among the segments of product type and end-user.

The market by the product segment, the market has included smartpen and connecting devices.

The market by the end-user segment, the market has been bifurcated into hospital/retail pharmacies and online.

Regional Outlook

Regionally, the global smart insulin pens market in North America accounted for a significant share of in the year 2018. The market in North America is determined by the attendance of significant players and a sky-scraping rate of adoption of technologies. Moreover, a swell in the prevalence of diabetes and new product launches and approval is likely to drive the market in the region. As per the National Diabetes Statistics Report of 2017, in the U.S., an estimated 30.3 million people suffered diabetes in the year 2015. Also, as per the Canadian Chronic Disease Surveillance System, there were an estimated 3.0 million people in Canada who had diabetes between 2013 and 2014.

A surge in the prevalence of diabetes also drives the market in Europe. As per the International Diabetes Federation, back in 2017, approximately 352 million people were at risk of developing type two diabetes in Europe.

The market in the Asia Pacific is likely to expand at a rapid pace during the forecast period in the scope of a boost in the geriatric population with diabetes.

Significant Market Players

The global smart insulin pens market is exceedingly fragmented among a large number of players such as Eli Lily and Company, Companion Medical, Ypsomed Holding AG, Diamesco Co., Ltd., Digital Medics Pty Ltd., Emperra GmbH E-Health Technologies, and Novo Nordisk A/S and Others.

Industry News:

In January 2020, BIOCORP received clearance in Europe for EASYLOG, an adaptor for insulin pens connected through the internet. The approval of this product enabled the company to strengthen its position in the market and enhance its product portfolio in Europe.

In December 2019, Companion Medical launched the InPen in the U.S.

In August 2019, Emperra GmbH also launched the ESYSTA BT Bluetooth Insulin Pen and enabled the company to reinforce the ESYSTA product portfolio.

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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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News: Spirometry Market 2020 | Size | Share and Analysis by 2023

 Spirometry Market Overview

Spirometry is a test to examine the functioning and condition of the lungs. The increase in lung disorders like asthma, chronic obstructive pulmonary diseases (COPD), and others have boosted the demands for spirometry and is getting stronger with time. Also, the increase in the adoption of unhealthy lifestyle habits like smoking and increasing air pollution has increased the breathing disorders among all age groups, which has boosted the demands for this technology. The companies are developing a new set of equipment and devices, which makes the lung testing easier for the practitioners and the patients.

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A vast increase in the old age population, which has added to the tally of this market, has provided a necessary boost to this market. The companies are readily investing in research & development programs, which has helped them in introducing the devices with advanced features and is helping the market is expanding its share globally. As the demands are accelerating, the people are now looking for home care setting devices, which can decrease the rush in healthcare facilities and will help the user to get real-time reports.

Apart from the uses and features, the global Global Spirometry market faces severe challenges from the high testing costs, and weak reimbursement policies have restrained the market growth, which has slowed down the market globally. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global spirometry market. The global market is expected to register nearly a 10 % annual growth rate during the survey.

Spirometry Market Division

The global spirometry market is segmented into classes as follows:

The global spirometry market is segmented into the desktop (PC) spirometry, tabletop spirometry, and handheld spirometry based on types of products.

The global spirometry market is characterized by volume measurement spirometry, flow measurement spirometry, peak flow meter (PFM), and others based on technology.

The global spirometry market is characterized by diagnostic and treatment monitoring based on applications.

Based on end-users, the global spirometry market is segmented among research institutes, hospitals, home care, and others.

Spirometry Market Regional Classification

Spirometry has gained global adoption worldwide due to the rapid increase in lung disease counts, decreasing air index, and the adoption of unhealthy habits. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global spirometry market. The North American region is leading the market due to the vast population covers, demands for better alternatives, well-established healthcare systems, increasing research & development programs, and other factors. On the other hand, the Asia Pacific region will register the fastest growth rates due to rapid developments in healthcare sectors, rise in healthcare budgets, increasing occurrence of lung disorders, vast population covers, increasing disposable incomes, and other factors.

Spirometry Market - Competitive Landscape

Prominent players in the spirometry market include Carefusion Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Nihon Kohden Corporation (Germany), MGC Diagnostics Corporation (U.S.), Vitalograph (U.K.), Schiller AG (Switzerland), COSMED srl (Italy), Hill-Rom Holdings, Inc. (U.S.), Midmark Corporation (U.S.), Smiths Medical Inc. (U.S.), and Koninklijke Philips N.V. (The Netherlands).

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Industry News

The global spirometry market is driven by the increasing geriatric population and the increasing air population. The tabletop spirometry segment will lead the market and will be the fastest-growing. The global market is led by the North American region, whereas the Asia Pacific region will register the highest growth rate.

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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.

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Latest Research on Diabetes Monitor Market forecast till 2023

 Diabetes Monitor Market Overview:

The global market report on the diabetes monitor market has been studied on the basis of several factors and connections with the end users. The market is projected to reach USD 17458.1 million by 2023 and during the forecast period of 2018 to 2023, it will reach a CAGR of 8.3%. Market Research Future (MRFR) discussed factors like the rising diabetes cases, changing lifestyles due to the rapid urbanization, the inclusion of top-class technologies, and others. Obesity is also expected to trigger better growth for the global market. 

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Diabetes Monitor Market Segmentation:

MRFR experts have studied the global market report on diabetes monitors with proper emphasis on segments like type, sample, component, and end-users. The report contains data backed by charts, graphs, and volume and valuation figures among other influencers, which can help in devising better strategies in the coming days. 

By sample, the report on the global diabetes monitors market has been segmented into sweat samples, blood samples, urine samples, and others. The blood sample segment gets ample traction from the market. It covers 75.70% of the total market share and can proceed further at an 8.6% CAGR during the forecast period.

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

By components, the report on the global diabetes monitor market includes glucose test strips, lancet, and sensors. The sensors cover segments like enzyme-based sensors, and enzyme-free sensors.

By end -users, the report on the global market has been segmented into hospitals, diagnostic clinics, and home. The home segment is getting backed by rising disposable income and development in devices. 

Diabetes Monitor Market Regional Analysis:

 

The Americas has the largest market share and is slated to grow and surpass a valuation of USD 6623.4 million by 2023. Asia Pacific would be the fastest-growing region and it would achieve a CAGR of 8.9% during the forecast period. Europe would garner substantial valuation during the forecast period. 

Diabetes Monitor Market Competitive Landscape:

Dexcom, Inc., Sanofi, Panasonic, Abbott Laboratories, Medtronic, LifeScan, Inc., F. Hoffmann-La Roche Ltd, and others are some of the major companies delving deep into the global diabetes monitor market by using their strategies. These companies bank on methods like tie-ups, innovations, product launches, mergers, branding, acquisitions, research and development, and others. MRFR’s attempt to record all the latest moves is expected to facilitate understanding global market growth and trends. 

Industry News:

In June 2020, DarioHealth Corp., a company from New York is a device that monitors glucose levels in the blood, announced that the company had developed two new papers on how people have benefited from their digital device and it also mentioned the improvement level of blood sugar level and blood pressure. The device was developed in Israel and it provides regular updates to its users and helps them manage their glucose level on the go.

In June 2020, Nemaura Medical Inc announced that it has applied for a Premarket Approval (PMA) from the US Food and Drug Administration for its new product sugarBEAT continuous glucose monitor. These will be a proper supplement for the finger pricking testing pattern. 

The COVID-19 crisis is expected to play a crucial role in taking the global market ahead. This is due to the deep connection between disease and diabetes. Patients with high-diabetes are susceptible to these diseases and their chances of recovery are less than normal patients. 

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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.

Global Trends On Dental Sterilization Market Size, Trends and Forecast

 Dental sterilization is a highly crucial part of maintaining the tools and techniques related to dentistry. As per the latest published report by Market Research Future (MRFR), the global Dental Sterilization Market is expected to grow at a CAGR of 6.90% during the forecast period of 2017 to 2023. The market valuation is expected to jump from USD 1.11 billion back in 2017 to USD 1.5 billion by the end of the forecast period.

A key driver influencing the demand for dental sterilization is the widespread prevalence of dental related diseases or disorders. Dental caries, one of the most common tooth-related issues, is one of the primary reasons behind the loos of tooth and remains a significant concern across developed economies in the world. Consumption of fast food and sugar-rich food items are acting as the main culprits behind incidences of tooth decay and is likely to continue in the coming years as well, thereby driving the growth of the market over the forecast period. 

One of the biggest results out of the growing prevalence of dental diseases have been the rising number of dental care facilities. The growth factor associated with the dentistry field is likely to continue in the near future. This, in turn, helps drive the dental sterilization market towards a period of growth. 

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Market Segmentation

The global dental sterilization market comprises of the following segments: products and end-users.

By product type, the market includes consumables, instruments, and accessories. Among these, the instruments segment is most likely to maintain its dominance over others in terms of market share contribution during the forecast period. 

By end-user, the market divides into dental laboratories and hospitals. The hospitals segment is most likely to remain the largest contributor of the two during the forecast period. 

Regional Analysis

The geographical segmentation of the global dental sterilization market covers the following regions, Europe, Asia Pacific, North America, and the Rest of the World. 

North America leads the chart with the highest market share percentage in the global dental sterilization market. This is primarily due to the widespread prevalence of dental-based diseases in the region and ease of availability concerning the use of advanced dental sterilization equipment. Dental caries is one of the most common requirement in dental hygiene, especially in the US, and affects close to 90% of the school-going children. All these factors are poised to make the North American market maintain its topmost standings over the forecast period.

The Asia Pacific region is considered to be an emerging region in the global landscape, however, it plays a major role in the overall development of the market. Herein, fast-paced urbanization in developing countries like India and China has incepted the adoption of Western-like diet system. This has posed to be an increasing problem for the dental health of consumers residing in the Asia Pacific region. Alongside this, the growing number of dental care centers and clinics across these countries is increasingly likely to drive the demand for the global dental sterilization market in the Asia Pacific region during the forecast period.

Competitive Analysis

The global dental sterilization market comprises of a number of key players, including Matachana Group, Planmeca Group, Danaher, A-Dec, Hu-Friedy, Scican, Tuttnaue, W&H, BMT Medical Technology, Getinge, Midmark, Dentsply Sirona, Nakanishi, Crosstex, and Premier Dental.

March 12th, 2019, Planmeca became the first-ever dental manufacturer to offer a comprehensive suite of IoT solutions for large clinics as well as clinic chains. The unique device of Planmeca makes it easy to access different sets of data and analyze the same. 

March 12th, 2019, Planmeca and Navigate Surgical Technologies, aka NST, a recognized provider of real-time surgical navigation services, announced their collaboration in order to launch innovative solutions for dental implant surgeries. The partnership is promises to offer dental implant surgeons to deliver enhanced and clinical patient outcomes. The tech offers more precise and accurate implant placement. 

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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

Body Contouring Devices and Procedures Market is Poised to Reach at a CAGR of 7.12% by 2023

 Body Contouring Devices and Procedures Market Research Report: by Type (Non-invasive & Minimally Invasive Devices and Invasive Devices), by Procedure (Nonsurgical Skin Resurfacing, Non-Surgical Skin Tightening, and others) By End User - Global Forecast Till 2023

Global Body Contouring Devices and Procedures Market is expected to grow significantly over the forecast period. The 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 procedure involves in the alteration of the body part by improving the appearance. It refers to removal of the excess body fat. The various body contouring procedures available are body lift, body fat transfer, implants and abdominal etching.

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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  [URL=https://www.marketresearchfuture.com/reports/body-contouring-devices-and-procedures-market-6935]body contouring devices and procedures market size[/URL]  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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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.

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