Industry Analysis Reports | Health Care | Medical Devices

Thursday, 29 October 2020

Veterinary Pain Management Market -Size, share, 2020, Global Demand by 2027

Market Highlights:

Veterinary Pain Management Market is growing rapidly and pervasively mainly due to the spreading

awareness towards animal care. People are generally compassionate towards their pets, and they are

increasingly becoming aware of animal physiology and psychology and the pain they go through during

sickness, injuries, recoveries and after effects of the diseases. Besides, factors such as the increasing

number of pet owners and the strengthening bond between owners and their animal companions

escalate the market on the global heights.

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Acknowledging the rapid expansions, the market perceives currently, Market Research Future

(MRFR) in its recently published study report asserts that the global Veterinary Pain Management Market is expected to register a CAGR of 6.46% during the assessment period of 2020 to 2027, to reach USD 4,582.8 Million by 2027.

Additional factors substantiating the market growth include the rising per capita income that is leading

to increasing the pet adoptions and the trend of nuclear families. Increased awareness concerning

animal cruelty is influencing people’s ideologies and knowledge about animals.

Moreover, developments in animal health medicines and vaccines, along with the increased medical

treatments are fostering the market growth of veterinary pain management market. Increased R&D

expenditure to bring innovations in the products, and development of better and effective veterinary

pharmaceuticals and vaccines, etc. are contributing to the market growth.

Improving economic conditions worldwide foster market growth, enabling access to the quality of life,

increasing consumers’ buying power, and availing cost-effective veterinary healthcare.

On the other hand, factors such as the lack of awareness and knowledge pertaining to the animal well-

being and the rising cost of pet care, etc. are expected to impede the market growth. Also,

unavailability of skilled doctors is a major restraint the market is confronting with. Nevertheless,

technological advancement, increasing number of ambulatory services coupled with the government

and public organizations initiatives like PETA, working towards animal rights and liberation are

expected to support market growth.

Veterinary Pain Management Market - Segmentations

Global Veterinary Pain Management Market, by Product

Medication
- NSAIDs
  - Meloxicam
  - Etodolac
  - Others
- Opioids
  - Morphine
  - Codeine
  - Fentanyl
  - Hydromorphone
  - Others
- Local Anesthetics
  - Lidocaine
  - Bupivacaine
  - Chloroprocaine
  - Others
- Αlpha 2-Adrenergic Agonists
  - Medetomidine
  - Xylazine
  - Sedatives
  - Muscle Relaxants
  - Others
- Route of Administration
  - Oral
  - Parenteral
  - Topical
Devices
- Laser Therapy Devices
- Electromagnetic Therapy Devices

Global Veterinary Pain Management Market, by Animal Type

Companion Animals
- Dogs
- Cats
- Horses
- Others
Livestock Animals
- Cattle
- Pigs
- Poultry
- Others

Global Veterinary Pain Management Market, by Application

Joint Pain
- Osteoarthritis
- Musculoskeletal Disorders
Postoperative Pain
Cancer
Others

Global Veterinary Pain Management Market, by Distribution Channel

Veterinary Hospitals & Clinics
Pharmacies
Online Pharmacies

Veterinary Pain Management Market - Geographical Analysis

The North American region accounts for the leading market for veterinary pain management majorly

due to the availability of a range of animal care products, emphasis on animal health, and stringent

government regulations. Also, technological innovations in the field of veterinary surgical

instruments are acting as a tailwind pushing up the market growth in the region.

Additional factors such as growing insurance coverage schemes are expected to push the growth of

the veterinary pain management market in the region. Moreover, the increasing number of pets and a

large patients’ pool, contribute to the growth of the regional market, demanding various treatment

procedures and surgeries.

Countries such as Canada and the US are focusing on exporting surgical equipment and surgical

suturing material across the world, which, in turn, is increasing the size of the market in this region.

Besides, the growing number of veterinary hospitals fuel market growth.

The Veterinary Pain Management Market in the European region stands the second position in terms

of the market size, owing to the increasing pet ownership fuelled by the tax benefits granted by the

government. Increase in animal diseases has led to an increasing number of surgeries and veterinary

healthcare organizations. European countries like Germany, France, and the U.K, backed by the

significant expenditures in the field of manufacturing of veterinary medical and surgical devices,

majorly contributes to the growth of the regional market.

The Asia Pacific region is emerging as a promising market for companion veterinary pain

management. China among other APAC dominates the regional market whereas, India accounts for

the fastest growing market, followed by Australia and Japan. Factors such as the presence of a large

patient’s pool, increasing awareness towards animal health, and the improving economy are few of

the driving forces pushing up the market in the region.

Veterinary Pain Management Market - Competitive Landscape

The fiercely competitive veterinary pain management market appears to be fragmented due to many

players forming a competitive landscape. Mergers & acquisitions, innovations, and Brand

reinforcement remain the popular trends for the market players. Acquisitions of local manufactures

by multinational companies are changing the market structure, increasing the profit of the company

by reducing the competition significantly.

Key Players:

Some of the players leading the market include Zoetis, Boehringer Ingelheim, Chanelle, Ceva Santé

Animale, Dechra Pharmaceuticals, Norbrook Laboratories, Merck Animal Health, Elanco, Assisi

Animal Health, Bayer, and Vetoquinol.

Industry/ Innovation/ Related News:

November 08, 2018 – Vetoquinol USA, a world-class developer of veterinarian-approved formulas for

large animal healthcare products, announced the launch of its rebranded product line - EQUISTRO®.

The rebranding includes new packaging for products and others. All EQUISTRO products are now

available in veterinary clinics and in retail stores that sell feed, farm supplies, horse tack, and equine

products. The rebranding strategy helps to expand the products available for performance horses

through Vetoquinol.

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About Market Research Future:

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 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.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Wednesday, 28 October 2020

Trends On Neurovascular Devices Market (2020-2023) | Size | Share | Key Trends and Forecast

Neurovascular devices are increasingly being used in for treating and management of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm. As the global burden of neurovascular disorders continue to rise, the demand for their treatments gains further traction. Neurovascular disease are complex in nature and hence preference for minimally invasive procedures is higher. This, in turn, is driving the sales of neurovascular devices across the globe. Market Research Future (FRMR) is its latest report asserts that the Neurovascular Devices Market will grow at a healthy rate over the next couple of years.

Incessant product innovation, increased product marketing and favourable reimbursement policies are driving the global market for neurovascular devices. Other factors that are reflecting favourably on the market include expansion of the geriatric population, and advances in medical technology in the field of interventional neurology. Moreover, neurovascular devices are also used in treating patients suffering for ischemic stroke or haemorrhagic. It has been observed that neurovascular device assisted interventional procedures are replacing the traditional neurosurgeries. Owing the low risk of damaging surrounding tissues and minimal surgical trauma, interventional procedure are more favoured as compared to neurosurgery. At the same time, chances of infection is significantly when neurovascular device based treatment. On the other hand, inadequate number of hilly skilled neurologist, particularly in developing countries expected to have a negative impact on the growth of the market. High cost of neurovascular devices continue to limit their user base despite their increased efficiency.

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Latest Industry Highlights:

Perflow Medical, a renowned medical devices manufacturing company based in Israel, which is primarily engaged in developing novel solution for neurovascular interventions. Has recently announced that the company successfully approved a $12 Mn funding from its investors. Reportedly, the funding syndicate in included two new international investors with the existing stakeholders.

Junkosha a US-based company has recently introduced a unique peelable heat shrink. The technology will reportedly enable access to intricate parts of the vascular system with minimal risk of damage to the surroundings.

Global Market for Neurovascular Devices – Segmental Analysis

MRFR in its report has offer comprehensive segmental analysis of the market based on therapeutic application, end-user and product. By therapeutic application, the market is bifurcated into ischemic strokes and hemorrhagic stroke. Based on end user, the market is segment into ambulatory surgical units and hospitals & clinics. By product type, the market is segmented into stenting systems, neurothrombectomy devices, cerebral balloon angioplasty, aneurysm coiling & embolization devices and support device.

Regional Overview

The Americas is expected to hold the dominant position in the global market for neurovascular devices. This is primarily attributed to the rising incidences of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm across North and South America. In addition, presence of major players and rising healthcare spending among Americans is propelling the market in the region. Improved reimbursement scenario and rapid adoption of neurovascular devices in neurological centers across the region is also proving an impetus to the market. Asia Pacific and Europe are two other regions anticipated to present significant growth opportunities for market during the forecast period.

Global Market for Neurovascular Devices – Competitive Analysis

Leading companies operating in the global market for neurovascular devices include Medtronic, TERUMO CORPORATION, Merit Medical Systems, Inc., Penumbra, Inc., Evasc, Neuravi, Sensome, Delaware Corporation, Gynesonics, Stryker, Johnson & Johnson Services, Inc., Abbott, Medikit co., ltd., MicroPort Scientific Corporation, Rapid Medical, W. L. Gore & Associates, Inc., Blockade Medical, LLC., OxfordEndovascular, and Secant Group, LLC. A majority of these market participants are actively focusing on expanding market presence by engaging in merger & acquisition and reaching offshore distribution agreements with third party vendors.

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:
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Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
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News: Healthcare CMO Market 2020 -Demand, Size, Share and Research, Global Demand by 2023

Market Scenario

The global healthcare CMO market is presumed to expand at 9.86 % CAGR during the forecast period (2017-2023) owing to the growing demand for medicine supplies, asserts Market Research Future (MRFR). Healthcare contract manufacturing is the outsourcing of the manufacturing process of drugs to contract manufacturing organizations. It serves other companies in pharmaceutical industries and medical devices to offer comprehensive services from drug development to drug manufacturing.

Drivers and Constraints Impacting the Market

Patent protection expiration of major drugs along with medical devices and competition and economics of trade and production to favor CMO is likely to foster the market growth during the assessment period. The market is likely to expand owing to the growing demand for medical devices and drugs due to the increasing population in the emerging economies. Moreover, with the increasing demand for generic drugs, the rising number of patent expiries, and huge pipeline of drugs, the global market for healthcare contract manufacturing is anticipated to augment in the coming years.

On the flip side, issues of control of third parties coupled with complexities associated with supply chain are considered to retard the market growth over the assessment period. Also, rising complexities in the clinical trials along with lack of in-house laboratory capacity are likely to impede the growth of the market.

Global Healthcare Contract Manufacturing Market: Segmental Analysis

The global healthcare contract manufacturing market has been segmented on the basis of service type, type, industry, and region.

By mode of type, the global healthcare contract manufacturing market has been segmented into non-sterile and sterile. Among these, the non-sterile contract manufacturing is estimated to hold the largest market share.

By mode of service type, the global healthcare contract manufacturing market has been segmented into medical device contract manufacturing services and pharmaceutical contract manufacturing services. Among these, the pharmaceutical contract manufacturing services are presumed to hold the largest market share.

By mode of industry, the global healthcare contract manufacturing market has been segmented into biopharmaceutical, medical device, and pharmaceutical. Among these, the segment for medical devices is presumed to hold the largest market share with 43.7 %.

Regional Insights

Geographically, the global healthcare contract manufacturing market span across America, Europe, Asia Pacific, and the Middle East and Africa.

Among all the regions, the American region is anticipated to dominate the global market due to the growing investment in the healthcare sector, focus on research institutions on updating technologies, and presence of strong economic conditions. American contract manufacturers have also upgraded their factories and manufacturing capabilities. With cost-efficient models and advanced manufacturing units, American contract manufacturers are making Asian companies run for their money.

The European region is considered to hold the second position in the global market owing to the presence of high health care spending, and growing support from the government. For instance, according to the Organization for Economic Co-operation and Development, the expenditure on healthcare in Germany in 2014 was EUR 321 billion. France recorded the second highest level with EUR 237 billion.

Asia Pacific is presumed to be the fastest growing market due to the presence of a large number of developing nations in this region, such as China and India. Such developing countries are encouraging the growth of healthcare contract manufacturing market.

Industry News

October 16, 2018: Piramal Enterprises Ltd. is weighing the sale of its contract pharmaceutical business in a potential deal worth $1 billion, citing unidentified people. Piramal Pharma Solutions offer services from drug discovery to development as well as commercial manufacturing, with operations in Europe, North America, and Asia. The company has sent out preliminary marketing materials to potential buyers.

Competitive Dashboard

The major players operating the global market are Boehringer Ingelheim, Benchmark Electronics, Catalant, Patheon, Vetter Pharma International, Hamilton Company, Aesica Pharmaceuticals, AbbVie, Grifols International, Flex Ltd, Lonza Ag, Forefront Medical Technologies, Sanmina Corporation, Evonik Industries, Mylan, S.A, Teva Pharmaceutical Industries, and others.

Industry Highlights And Forecasts to2023

About Market Research Future:

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.

Diabetes Monitors Market Investigation by Application, Technology and Product Type

According to Market Research Future (MRFR), the global diabetes monitors market is estimated to grow at a CAGR of 8.3% from 2017 to 2023 (forecast period). The report presents an in-depth description of the present scenario, the economic condition and COVID-19 analysis of the overall industry.

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Diabetes mellitus is a chronic condition caused by the inadequacy of insulin in the body. The condition induces either high blood glucose concentrations, called hyperglycemia, or low glucose levels, known as hypoglycemia. Monitoring glucose levels is expected to improve life expectancy by allowing hypoglycemia or hyperglycemia to be managed. The self-monitoring method is most commonly used to check blood glucose levels. The method involves collecting blood from a finger or other part of the body to be examined with the aid of test strips and a glucometer.

While the blood remains the most widely used sample, other biological fluids such as ocular fluid, sweat, breath, interstitial fluid, saliva, or urine can also be used as substitute samples for continuous non-invasive monitoring. Since a cure for diabetes has yet to be developed, managing this condition is the most effective way to control it. Glucose monitoring is used to improve treatment strategies and provide insight into the impact of diet, medication, and exercise on the patient.

Diabetes Monitors Market Dynamics

Rising prevalence of diabetes is the key factor driving the demand for diabetes monitors. According to the National Diabetes Statistics Report stated by the Centers for Disease Control and Prevention, 9.4% of the U.S. population, i.e., 30.3 million people, had diabetes in 2015. The rising prevalence of diabetes in low-and middle-income countries appears to be fuelled by the nutritional transition, rapid urbanization, and growing sedentary lifestyles indicated by a study published in the journal Pharmacoeconomics in 2015.

Certain factors such as increased technological innovations, massive support for diabetes diagnosis and treatment research, increased acceptance by regulators, and an increase in the global prevalence of obesity is also spurring market growth. As per the Fogarty International Center, the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) and two renowned Indian research agencies took the initiative to fund a collaborative diabetes research agenda in 2013.

However, strict reimbursement policies and high costs associated with diagnosing and treating diabetes can impede market growth over the forecast period. As per a research report published in the Journal of Diabetes Science and Technology in 2015, it has been found that only a few patients in Germany, i.e., < 2000, use continuous glucose monitors (CGM) due to high costs.

Diabetes Monitors Market Segmentation

The global market for diabetes monitors has been segmented based on sample, type, component, and end-users.

Based on the sample, the global market for diabetes monitors has been segmented into blood samples, sweat samples, urine samples, and others.

Based on type, the global market for diabetes monitors has been classified into point sample test based glucose monitors, continuous glucose monitors, and enzyme-free sensor-based glucose monitors. Continuous glucose monitors are further divided into disposable sensor-based CGM and re-usable sensor based CGM.

Based on components, the global diabetes monitors Market has been segmented into lancet, glucose test strips, and sensors. Sensors are further divided into enzyme-based sensors and enzyme-free sensors

Based on end-users, the global market for diabetes monitors has been segmented into diagnostic clinics, hospitals, and homes.

Regional Analysis

APAC or Asia Pacific, the Americas, along with the Middle East and Africa/MEA and Europe are the top markets for diabetes monitors.

MRFR confirms that the American market is in the lead and has the potential to touch USD 6623.4 million by the year 2023. Europe has secured the second spot while APAC is slated to obtain the fastest growth rate of 8.9% from 2017 to 2023.

Americas’ clout in the global market is boosted by the growing cases of diabetes, a well-developed healthcare IT sector, high spending on healthcare, and the strong presence of renowned firms. The prevalence of diabetes has increased due to the rising cases of obesity and sedentary lifestyle with lack of exercise and the active participation of leading companies, government agencies and private organization in this regard has fostered the market growth in the region.

Europe has been the second highest gainer in the global market on account of the increasing support from the government in terms of research & development coupled with the burgeoning geriatric populace in the region. The vast improvement in every aspect of the healthcare industry and the rising deployment of superior quality medical products has also augmented the market demand in Europe to a large extent.

With the fastest growth, the APAC market will emerge to be highly lucrative for the top players. Market attractiveness in the region will be the result of the ongoing advancements in healthcare facilities along with the surge in reimbursement policies in India and Japan. China is however, the market leader in the region thanks to the expansive diabetic population and the fast economic growth in the country. The increasing awareness with regard to diabetes preventive care also speeds up the market growth rate in the region.

Reputed Firms

Some of the most reputed vendors in the global market for diabetes monitors include Dexcom, Inc., LifeScan, Inc., Sanofi, Panasonic, Abbott Laboratories, Medtronic, F. Hoffmann-La Roche Ltd, to name a few.

Cruciate Ligament Diagnosis & Treatment Market - Trends and size, Share, Analysis by Top Companies

The global cruciate ligament diagnosis & treatment market is growing rapidly. Market growth attributes to rising cases of sports injuries, accidents, and trauma. Besides, the growing number of knee reconstruction surgeries, alongside the rising prevalence of rheumatoid arthritis and osteoarthritis in the elderly, drive the market growth. Also, the increasing demand for advanced treatment options and growing healthcare expenditure accelerate the growth of the market.

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Moreover, technological advances foster the market growth, improving devices, and techniques used for examination (diagnosis) and treatment of cruciate ligament accelerate escalate the market growth to further height. According to Market Research Future (MRFR), the global cruciate ligament diagnosis & treatment market is projected to grow at 6.4% CAGR over the forecast period (2018 – 2023).

The market appears well-established with several novel treatment and diagnosis procedures, which substantiates the market growth excellently. The introduction of nonsteroidal anti-inflammatory drugs, such as ibuprofen (Advil/Motrin), increases the market size. Strategically developed rehabilitation programs, influence market growth. Certainly, advances in medical technologies act as a key driving force for the growth of the market.

Conversely, prohibitive costs of diagnosis & treatment are key factors estimated to impede the market growth. Also, the lack of knowledge about the availability of effective treatment methods obstructs the growth of the market. However, increasing government initiatives and funding programs aimed to raise awareness about the advantages of these procedures would support market growth throughout the analyzed period. Furthermore, improving economic worldwide encourage market growth, enabling access to quality healthcare.

Cruciate Ligament Diagnosis & Treatment Market - Regional Analysis

North America dominates the global cruciate ligament diagnosis & treatment market. The largest market attributes to the strong presence of major industry players and advanced healthcare facilities. Besides, rising cases of sports injuries & accidents and increasing prevalence of osteoarthritis among the elderly drive the regional market growth. Moreover, well-developed surgical technology and high healthcare expenditure foster market growth in the region.

Europe stands second in the global cruciate ligament diagnosis & treatment market. Market growth attributes to the rising government support and funding for research & development of breakthrough treatment methods. Additionally, well-developed healthcare infrastructure, alongside rising healthcare expenditure, fuels the growth of the regional market. Recent developments and augmenting uptake of advanced technologies in the treatment of the condition push the market growth ahead.

The cruciate ligament diagnosis & treatment market in the Asia Pacific region is growing rapidly. Factors such as the growing per capita healthcare expenses and the rising demand for technologically advanced methods to treat the condition boost the market growth. Moreover, the increasing funding support for R&D by public & private sectors, influence the market growth. The APAC cruciate ligament diagnosis & treatment market is predicted to grow at an impressive CAGR during the forecast period.

Global Cruciate Ligament Diagnosis & Treatment Market - Competitive Analysis

Fiercely competitive, the cruciate ligament diagnosis & treatment market appears fragmented due to the presence of several well-established players. Trends such as innovation, mergers & acquisitions, collaboration, and launch of a new treatment method remain popular among key players.

Major Players:

Players leading the global cruciate ligament diagnosis & treatment market include Arthrex, Inc. (US), Stryker Corporation (US), Zimmer Biomet (US), CONMED Corporation (US), DePuy Synthes, Inc. (US), Smith & Nephew plc. (US), Breg, Inc. (US), DJO Global Inc. (US), Bauerfeind AG (Germany), BSN Medical GmbH (Germany), Össur hf. (Iceland), 3M Company (US), THUASNE SA (France), Otto Bock Healthcare GmbH (Germany), Medi GmbH & Co. KG (Germany), Corin Group (UK), DeRoyal Industries Inc. (US), United Orthopedic Corporation (Taiwan), Japan Medical Dynamic Marketing (Japan), Exactech Inc. (US), and Tornier Inc. (US), among others.

Cruciate Ligament Diagnosis & Treatment Market - Segments

The report is segmented into eight dynamics;

By Type : Posterior Cruciate Ligament (PCL), Anterior Cruciate Ligament (ACL), and others.

By Injury Type : Grade I, Grade II, and Grade III.

By Indication : Osteoarthritis, Rheumatoid arthritis, Trauma, and others.

By Product : Cemented implants, Cement-less implants, Partial implants, Revision implants, and others.

By Diagnosis : Imaging, Magnetic Resonance Imaging (MRI), Ultrasound, Laparoscopy, and others.

By Treatment : Surgery, Arthroscopy, Anterior Cruciate Ligament (ACL) reconstruction, and others (Therapies, Rehabilitation, Physical Therapies, Devices, Elastic Bandages, others).

By End-User : Hospitals, Orthopedic Clinics, Ambulatory Surgical Center (ASC), and others.

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

Industry/Innovations/Related News:

June 01, 2020 --- Athletico Physical Therapy (the US), a leading provider of high-quality orthopedic rehabilitation services, announced the expansion of its service center in Texas. Services available at Athletico’s new center include ACL 3P Program for recovery of anterior cruciate ligament (ACL) tears sideline mostly occurring in athletes. Each year more than 200,000 athletes suffer ACL injuries.

ACL 3P clinicians help athletes to progress through rehabilitation to perform at their highest level and minimize the risk of these injuries. COVID-19 Recovery & Rehabilitation is another key program through which Athletico offers treatment for patients recovering from COVID-19, helping them through the physical and emotional challenges that can occur from the virus.

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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.

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Market Research Future

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Aromatherapy Market Status and Growth Opportunities by 2023 : AIR AROMA, NU SKIN, MUJI, TREE OF LIFE, YOUNG LIVING, ZIJA INTERNATIONA, ETC

Surgeries and medicines made from chemicals are not the remedies for every medical problem. Sometimes, aromatherapy can heal patients in miraculous ways if patients can use aromatic plant oils (including essential oils and other aroma compounds) in the correct manner. Therefore, the market for aromatherapy is rising due to various factors that include the growing lifestyle industry, large number of people opting for aromatherapy and non-invasive nature of aromatherapy. Aromatherapy via essential oils can not only combat cold and breathing disorders, it can also enhance the immunity (and resistance against diseases) of the human body. Aromatherapy is also the remedy for problems that are caused by the modern lifestyle. The market restraints that are likely to slow down the growth of the aromatherapy market include increasing stringency of regulations such as indications which a brand has to provide. For example, the brand needs to mention the category the essential oil falls in.

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Market Research Future (MRFR) has published a research report about global aromatherapy market. The theory of this report anticipates 6.18% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, the market growth is expected to reach the US $ 4.3 bn by the end of the forecast period. This report analyzes the market structure with the forecast for six years, factors affecting market growth, on the basis of porters five force analysis, price analysis, and supply chain analysis. It also lists the key players and explores their business strategies. Market developments that are competitive in nature include the development of new treatments, joint ventures, mergers and acquisitions, and strategic alliances.

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

The regional segmentation of the global Aromatherapy Market covers North America, Europe, Asia Pacific, and Middle East & Africa (MEA). The biggest regional market in the global aromatherapy market in North America, and the backbone of this market is the revenue from the United States of America (USA). Due high density of population and high per capita income, the USA is a big market by default. The only restraint in this region is ambiguity and uncertainty of the therapeutic potential of aromatherapy. The second largest and fastest growing market for aromatherapy is Europe. In Europe, France is the biggest market for aromatherapy due to a tradition of aromatics whereas Italy is the second largest market. Majority of the biggest players of the global aromatherapy market are also based in North America and Europe. This is also another reason for these two continents emerging as the two biggest regional markets. Asia Pacific region is witnessing a steady growth of the aromatherapy market with China being the biggest market due to the high population while India is the second largest market here. As China and India have traditions of aromatherapy, in these countries, the market is high despite lower per capita income compared to developed regions. In the MEA region, Saudi Arabia, and United Arab Emirates (UAE) are very lucrative markets due to their greater wealth and the greater expansion of tourism in these regions. Among African countries, Algeria, Egypt, and South Africa. Due to poor income and low expenditure on public healthcare, the market of remaining Africa is low.

Key Players

The key players in global aromatherapy market include Air Aroma (USA), Nu Skin (USA), Muji (Japan), Tree of Life (made by Jaroma), Young Living (USA), Zija International (China), dōTERRA (USA), NOW Foods (USA), and Neal’s Yard Remedies (United Kingdom).

Latest Industry News

· Olfinity, an intelligent air system is set to bring air purification, air quality assessment, and controlled aromatherapy together in a series of products. These products are meant to improve indoor health and wellness. The Olfinity series of products includes an air monitor, air purifier, and aromatherapy diffuser.

· Entering the “wellness market,” popular retailer Anthropologie is launching a new range of products that includes aromatherapy and essential oils, books and stationery, coffee and teas, crystals, fitness products, hair and skin care items, and supplements.

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About Market Research Future:

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

AI in Drug Discovery Market SWOT Analysis, Major Key Players Revenue, Analysis and Forecasts to 2025

AI in Drug Discovery Market Overview

Artificial intelligence (AI) has become an integral part of the drug discovery procedures as they are capable of unfolding the new aspects and are less time consuming, which makes them suitable for developing new products. This technique has found its primary usage in developing drugs for most complex diseases like pancreatic cancer and others. It has less faulty mechanisms and reduces any human-powered mistakes. All the factors mentioned above have attracted medical professionals, providing an instant and constant boost to this market.

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The pharmaceuticals and IT industries are collaborating to make this technology cheap and effective, which has helped the market gain desired growth. After observing the market and seeing the potentials, the major market players make hefty investments in AI, which has boosted the market and expanded the market stakes at the same time. As technology advances, the success rates are also increasing, which has increased its adoption, followed by increasing awareness in the developing regions.

Apart from the uses and features, the global AI in drug discovery market faces challenges from the high costs, lack of skilled personnel, and struggling healthcare system in weaker economies, which has degraded the market’s overall growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global AI in drug discovery market. The global market is anticipated to register approximately a 40 % annual growth during this period.

AI in Drug Discovery Market Division

The global AI in drug discovery market is segmented into classes as follows:

The global AI in drug discovery market is segmented by software and services based on products.

The global AI in drug discovery market is segmented by large and small molecules based on molecule types.

Based on technology, the global AI in drug discovery market is segmented into deep learning, machine learning, and others.

Based on indication, the global AI in drug discovery market is segmented into neurodegenerative diseases, metabolic diseases, and others.

Based on applications, the global AI in drug discovery market is segmented into target screening, drug optimization, repurposing, and others.

AI in Drug Discovery Market Regional Classification

The AI in drug discovery market has gained global adoption due to its increase in chronic diseases, demands for better drugs, and a rise in healthcare standards. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for global AI in drug discovery market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established healthcare system, rigid regulations, and other factors. The Asia Pacific region will register the fastest growth rates due to the vast population covers, rapid urbanization, fast-developing healthcare systems, increasing health issues, and other factors.

AI in Drug Discovery Market Studied by Top Leaders

Industry News

The global AI in drug discovery market has gained instant growth and is constantly moving towards stable future stances. The global market is led by the North American region, whereas the Asia Pacific region will register the fastest growth.

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Key Players

Microsoft Corporation
IBM Corporation
Google (A Subsidiary of Alphabet Inc.)
Atomwise, Inc.
Deep Genomics
Cloud Pharmaceuticals, Inc.
Insilico Medicine
BenevolentAI
Exscientia
Cyclica
Bioage
Numerate
Numedii, Inc.
Envisagenics
Twoxar, Incorporated
Owkin, Inc.
Xtalpi, Inc.
Verge Genomics
Berg LLC

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.

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Market Research Future

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Industry Analysis Reports | Health Care | Medical Devices | Pharmaceutical

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