Global Trends on Medical Imaging Market Analysis and Regional Forecast

Medical Imaging Market Overview

The medical imaging market is anticipated to grow by US$45,719.65 Million by 2025 rapidly growing at a CAGR of 6.52% during the forecast period. The global medical imaging market is driven by improvements in point-of-care ultrasound systems, accessibility to portable magneto encephalography (MEG) brain scanners, partnership deals among key market players, and preference for medical diagnostic imaging.

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These factors have helped shape the medical imaging market and are expected to boost the growth. Companies in the medical imaging market could also face challenges such as inability of healthcare organizations to purchase expensive imaging systems. The details covered in the medical imaging market report cover all the aspects of the industry. Medical imaging market analysts have also shared growth projections in the report and have suggested medical imaging market players to plan growth strategies accordingly.

Medical Imaging Market Segmentation

The global medical imaging market has been segmented based on modality, applications, and end-users. On the basis of modality, the market for medical imaging is segmented based on magnetic resonance imaging (MRI), x-ray systems, computed tomography (C.T.), ultrasound systems, and nuclear imaging. Additionally, the market on the basis of applications, is segmented into oncology, cardiology, and neurology. The global market for medical imaging is also covered based on the end-users segment which is further split into academic institutes, diagnostic centers, hospitals and clinics, and research organizations.

Factors like increasing product launches, growing investments in research, and increase in technology support the medical imaging market growth. The performance of the medical imaging market has also been studied for the past and current years. Additionally, the medical imaging market report provides analysis of these segments. The medical imaging market segmental analysis provided in the report offers major details about the medical imaging market performance and future.

Medical Imaging Market Regional Overview

Companies in the medical imaging market are spread across the world. The medical imaging market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American medical imaging market has many companies across the United States, Canada, and Mexico. Europe has companies in the medical imaging market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the medical imaging market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The medical imaging market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the medical imaging market can be found in the market research report.

Competitive Landscape

The medical imaging market is supported by surge in cancer cases, well-defined funding for research and development projects, growing advances in progressive diagnostic devices, and focused research activities in oncology. The population growth around the world and increasing demand of medical imaging market based services and products also support the market growth. However, the medical imaging market growth can be affected due to inability of healthcare organizations to purchase expensive imaging systems, poor operational environment in some countries, and lack of funding. The report covers all such details which will help companies in the medical imaging market to strengthen their business plan and improve their product portfolio. The medical imaging market research report also provides company profiles of major companies. The company profile of organizations operating in the medical imaging market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the medical imaging market. New entrants and established players can plan their strategies based on this data provided in the medical imaging market research report.

Industry News

SOMATEX Medical Technologies has been acquired in a 64-million dollar contract by Hologic, Inc. to broaden its groundbreaking healthcare solutions portfolio. Somatex's technology and experience will be integrated into Hologic's new healthcare based products and service lineup.

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Allergy Immunotherapy Market 2021 Statistics Data, Leading Manufacturers, Growth Factors, Competitive Landscape, Demand and Business Boosting Strategies till 2027

 Allergy Immunotherapy Market Scenario

Allergy immunotherapy, also known as desensitization or hypo-sensitization is a novel therapy, which desensitizes the immune system by injections of allergen extract and thus targets the cause of allergy. The global allergy immunotherapy market is growing at a CAGR of 10.85 % during the forecast period.

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Allergy Immunotherapy Market Dynamics

Growing Allergens Exposure Is Driving A Strong Market Growth

According to the World Allergy Organization (WAO), estimates approximately 10 % to 40 % of the global population is suffering from an allergy in 2015. Growing prevalence of various chronic diseases like allergy, asthma, diabetes, and hypertension is driving the market growth. Increasing exposure to allergens owing to large-scale pollution is another driver of the market. The rapid adoption of Allergy Immunotherapy due to technological advancements and robust research pipeline is driving further market growth.

Growing Awareness And Increasing Healthcare Expenditure Is Driving A Large Demand

Changing healthcare practices, increasing healthcare expenditure and extended insurance cover coupled with the increasing awareness of treatments benefits, and growing success rate is driving faster market growth. Advantages of immunotherapy such as effectiveness and fewer side effects as compared to traditional therapy are feeding the demand for immunotherapy.

Nascent Stage Of Technology And High Price Is Hampering The Market

Allergy Immunotherapy Market Segments:                                                                                                                                        

The global allergy immunotherapy market is segmented based on allergy type, treatment, and regions.

Based on allergy type, the market comprises of allergic rhinitis, allergic asthma, peanut allergy, cat allergy, and other allergies.

Based on treatment, the market is divided into subcutaneous immunotherapy (SCIT), sublingual immunotherapy, and specific immunotherapy (SIT). Sublingual immunotherapy is further sub-segmented into sublingual immunotherapy drops and sublingual immunotherapy tablets. 

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.

Allergy Immunotherapy Market Key players: 

Some of the prominent vendors operating in the global allergy immunotherapy market are ALK Abello A/S (Denmark), Allergy Therapeutics (UK), Circassia (UK), DBV Technologies (France), Stallergenes Greer (UK), Merck KGaA (Allergopharma) (Germany), HAL Allergy Group (Netherlands), and others.

Industry News:

Mar 2015 – Global giant Serono proposed a merger with Stallergenes and Greer mediated by a fund having a 77.3 % stake in Stallergenes and which owns Greer outright. The merger will provide Ares Life Sciences an 86 % stake in a transatlantic allergy immunotherapy player. The move is aimed to take on deep-pocketed Merck and competitor Circassia. 

June 2015 - Allergy Therapeutics PLC acquired Spain's Alerpharma SA for up to EUR 5.8 million in cash. Allergy Therapeutics will pay an initial EUR 3.8 million, and up to EUR 2 million based on sales performance data of 2016.

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Allergy Immunotherapy Market Regional Analysis

Europe is the top contributor to this market and is led by Germany, U.K., France, and Italy owing to the rise in prevalence of allergy, asthma, diabetes, and exposure to allergens. According to the European Academy of Allergy and Clinical Immunology, nearly 150 million European citizens were suffering from chronic allergic diseases in 2015, which is projected to grow by more than 50 % in 2025. 

North America is dominated by the U.S. with a market value of USD 329.2 million in 2016. The Asia Pacific is projected to be the fastest growing market at a CAGR of 11.32 % led by China, Japan, and India. The Middle East & Africa is supposed to be dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. UAE dominates the market with a market share of 53.5 % of the Middle East & Africa market.

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Clinical Reference Laboratory Market Research Methodology, Key Vendors Analysis, Recent Developments and Forecast 2027

Clinical Reference Laboratory is estimated to thrive at a CAGR of 5.8% while acquiring a market value of USD 247,167.8 Million by 2027

Market Synopsis

The global clinical reference laboratories market is considered to demonstrate 5.8% CAGR during the forecast period (2016-2027) owing to the usage of advanced robotics technology in reference laboratories, asserts Market Research Future (MRFR). Reference laboratories are referred to as commercial as well as private facilities which perform high-volume and specialty testing routinely. Physicians’ clinics, offices, government agencies, hospitals, pharmaceuticals, insurance companies, and biotechnology companies generally outsource the specialty to reference laboratories.

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Drivers and Constraints Impacting the Market

The global Clinical Reference Laboratory services Market companies is progressively growing and is estimated to continue its growth in the coming years. With adoption of value-based services gaining prominence, hospitals are outsourcing some part or even all of their radiology and pathology diagnostic services. One of the major reasons for rising outsourcing by the hospitals is the constrained budgets due to Medicare reimbursements. The cut down in the rates of clinical laboratories reimbursements under Medicare has impacted the U.S. lab industry. 

The U.S. clinical labs which depend on Medicare for 20% of their billings and for certain communities it is 80% of the business, got affected. To protect the hospitals, CEOs are outsourcing value-based services. Such factors have augmented the market for these independent reference laboratory services. Moreover, technologies which are capable of performing repetitive activities at high speed has developed to improve the consistency, quality, and effectiveness. The test results on samples which used to consume several hours to process can be found in a few minutes. Automation has impacted histopathology and microbiology to a great extent. Development of molecular technologies and genetics into the mainstream medicine being the most significant innovation, has impacted the health of the population, management of patients, and clinical practice. Moreover, launch of cost-effective, time-saving, and new diagnostic procedures owing to the accelerating number of FDA approvals is considered to contribute to the market growth.

On the flip side, illegible and incorrect sample labelling are some of the major factors considered to slowdown the market growth during the appraisal period.

Global Clinical Reference Laboratories Market: Segmental Analysis

The global clinical reference laboratories market has been segmented on the basis of service providers and application.

By mode of service providers, the global clinical reference laboratories market has been segmented into hospital based, stand alone, and clinical based. Among these, the stand-alone service providers are presumed to dominate the global market. With rising opportunities, presence of a new-range of condition-specific markers, availability of advanced technologies, and tests with advances in proteomics and genomics are some of the key factors likely to drive the segment.

By mode of application, the global clinical reference laboratories market has been segmented into clinical trials, laboratory medicine, and others.

Regional Insights

Geographically, the clinical reference laboratories market spans across regions namely, Europe, America, Asia Pacific, and the Middle East & Africa.

Among all the regions, America is considered to be the largest market for clinical reference laboratories. North America with countries such as Canada, and the United States lead the global market.

The European region occupies the second-largest share of the global market and is anticipated to continue its dominance in the coming years. The growth is credited to the increasing geriatric population, rising private and public funding for clinical laboratory test research, and growing incidences of chronic diseases. On the other hand, Asia Pacific is anticipated to expand at the fastest rate during the assessment period.

Industry Updates

January 18, 2019: One of the leading healthcare bio-analytic solution providers, Invitrocue has recently announced its first laboratory agreement in Germany in order to make its Onco-PDO personalized cancer screening service which will be available to the physicians and patients in Germany.

Competitive Dashboard

The prominent players operating the global clinical reference laboratories market are Quest Diagnostics, Clinical Reference Laboratory, ARUP Laboratories, Sonic HealthCare Limited, Unilabs, Laboratory Corporation of America, Bioreference Laboratories, KingMed Diagnostics, Aurora Diagnostics, Synlab International GmbH, 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.

 

Nanomedical Devices Market Trends, Global Demand and Forecast

Nanomedical devices deliver great promise in various applications for health care. These devices are predominantly used in vivo testing and imaging. Over the past decade, a spurting growth has been seen in the number of development of nanomedical devices. The FDA has already approved many nanoscale devices. Various nanoscale materials used as delivery mechanisms while nanomaterials are being researched to improve devices used in cancer therapeutics. 

Simultaneously, nanoneedles and nanowires are being researched and developed for the usages in epilepsy and heart control while nanosized surgical instruments are studied to perform microsurgeries and for better visualization of surgery. Nanotechnology has revolutionized the medical field and has the potential to add innovative functionality to medical devices and pharmaceutical products. 

These developments and researches have facilitated the nanomedical devices market to grow and evolve exponentially. Market Research Future (MRFR), in its recently published study report, forecasts that in the wake of the prominence the nanotechnology is gaining in the field of medical devices, the nanomedical devices and therapeutics market will garner an exponential growth by 2023, registering 10.29% CAGR during 2017 – 2023. 

Increasing public and private funding support are impacting the market growth favorably, bringing about novelties to these devices. The introduction of nanotechnology-based cardiac and orthopedic implants have fostered the market growth, attracting the huge consumer base. Also, the increasing prevalence of chronic diseases and disorders such as cancer and others are fuelling the market growth. Moreover, growing awareness towards preventive measures of healthcare has contributed to the growth of nanomedical devices. 

On the other hand, the lack of regulatory standards in the testing and examination of nanoparticle-based medicines along with the high cost of the treatment is inhibiting the market growth. However, as the technology advances more over the period, these challenges are expected to ease with the time.  

Also, in the case of the regulatory aspects, market introduction of a medical device requires a lesser degree of testing depending on the risk category the device falls into. Such favorable conditions are expected to increase the market, introducing the nanomedical devices in numbers. 

Nanomedical Devices Market – Segments

The report - Nanomedical Devices market is segmented into four key dynamics, for the convenience of the report and enhanced understanding:-

By Types : Comprises Implantable Biosensors, Implantable Cardioverter-Defibrillators and Implantable Drug Delivery System among others.  

By Applications : Disease Treatment (cancer, neurological diseases, cardiovascular diseases and others), Diagnosis, and Drug Release Regulation among others.

By End Users : Hospitals & Clinics, Specialty Centers, & Ambulatory Centers and Homecare Settings among others. 

By Regions   : Europe, North America, APAC and Rest of the World.

Nanomedical Devices Market – Regional Analysis

The North America market is expected to lead the global nanomedical devices market with the significant market share. The market growth attributes to the better accessibility to technology, increasing governmental support for the research and development as well as healthcare expenditure. Besides factors such as availability of some well-developed technologies, high per capita healthcare expenditures, along with the presence of the major players in the region help to substantiate the market growth. 

Europe emerging as a lucrative market for nanomedical devices holds the second position in the market. Attributing to the increased funding and the support provided by the government and private entities for R&D the region is expected to expand, registering a phenomenal CAGR.  Moreover, the resurging economy in the region is expected to foster the regional market growth bringing advancement in the nanotechnology.

The Asia Pacific is growing rapidly, emerging as one of the lucrative markets for nanomedical devices.  Attributing to the increasing demand for the better treatment options the region is expected to grow significantly over the 2017-2023.  

Nanomedical Devices Market – Competitive Landscape

The Market appears to be diversified and highly competitive and with the presence of giant manufacturers of nanomedical devices, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies and product launch in order to gain the advantages of the market's competitive landscape.  

Key Players:

EOS GmbH (Germany), Stryker Corporation (US), Medtronic (US), 3M Company (US), EnvisionTEC (US), St. Jude Medical, Inc. (US),   Starkey Hearing Technologies (US), PerkinElmer, Inc. (US), and Smith & Nephew plc. (UK) are some of the leaders driving the Global Nanomedical Devices Market. Profiling them in its analysis MRFR finds out their strategies placing them at the forefront of completion.

Industry/Innovation/Related News:

June 26, 2018 – The Iranian Nanotechnology Initiative Council (INIC - Iran) disclosed its plans to expand the market for Iranian nanomedical devices to earn CE marking, a certification indicating the integrity of the health, safety, and environmental protection standards which can further permit  the sale of the products in the European Economic Area (EEA).

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to 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 answer your most important questions.

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Clinical Nutrition Market -Report Analysis and Growth by top leaders

Clinical Nutrition Market Overview:

The global nutrition market trends report discusses possibilities for the market attaining an impressive CAGR during the forecast period of 2019-2027. Market Research Future (MRFR) predicts the possibility of clinical nutrition market size transcending the expected valuation by the end of 2027. Among factors that were discussed in the report, the growing geriatric population and the rising number of people with gastrointestinal and autoimmune diseases may impact the most. 

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For aged people, digesting food is an issue. At the same time, they suffer from a lack of appetite. The clinical nutrition industry is the only way out for these people. Doctors are now opting for telemedicine, which may help in getting more clients from this particular age group. Premature birth and lack of nutrition from regular meals are also becoming issues that can spur the expansion rate of the global clinical nutrition market. 

However, the process and drugs needed for a better treatment may incur a high cost, which may prohibit the global clinical nutrition market growth rate. 

Segmentation:

MRFR’s understanding of the global clinical nutrition market has been segmented on the basis of type, and it includes sub-segments like infant nutrition, parenteral nutrition, and enteral nutrition. This will help in assessing the market in better lights and understand how better strategies can help in forming effective maps to lead the market. 

The infant nutrition segment has the largest market share and it has been further segmented into milk-based, soy-based, organic, and others. The milk-based segment is expected to dominate the global market. The soy-based segment would profit from growing demand for vegan products. 

The enteral nutrition segment has been segmented into standard and chronic illness to get a better peek of the market. 

Regional Analysis:

Asia Pacific is expected to be the leading region for the coming years. The regional market would gain from the massive population of China and India, who are expected to be potential customers. Major companies are looking at it as a possible solution. In North America and Europe, the market would get support from better infrastructure and high investment capacity. 

Competitive Landscape:

The market for clinical nutrition is all set to gain from the intense competition between companies like Abbott Laboratories, Perrigo Company Plc., Baxter International, Inc, Nestlé S.A, Groupe Danone, Mead Johnson Nutrition Company, B. Braun Melsungen AG, Hospira, Inc, Fresenius Kabi AG, and among others. This competition would gain backing from the strategic moves implemented by these companies. Most of these moves will include typical tools like mergers, acquisitions, joint ventures, and others. Some will increase their budget for research and development to launch better products using innovative means. Branding of these products will also impact the outcome of the global market. MRFR took effort in recording these latest changes to understand how the market can progress in the coming years. 

Industry News:

In April 2020, Array Strength announced that they would opt for a virtual consultation to avoid complications during the COVID-19 pandemic outbreak. The company has also stated that it would cover several areas like gastrointestinal problems and various types of autoimmune diseases like ulcerative colitis, irritable bowel syndrome, and Hashimoto's. The company is known for its personalized treatment. It believes in providing a customized solution as a generic one is often found to be less effective. They start by a general consultation and then move on to the addressing of the root cause. 

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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.

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Cranial Fixation and Stabilization Market Research Report and Forecast

 Cranial Fixation and Stabilization Market Scope

Cranial fixation and stabilization market is all set to touch a tremendous USD 2.29 billion by the year 2025, confirms MRFR (Market Research Future). MRFR adds that the market size will burgeon at a rate of 8.90% between 2019 and 2025 (appraisal period).

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Growth Boosters and Deterrents 

Escalating number of road accidents and the urgent need for advanced reconstructive surgeries have enhanced the market size of cranial fixation and stabilization devices. Increase in cases of brain cancer, head trauma and aneurysms, in line with growing number of sports events and other activities also act as a key growth booster. Brain Aneurysm Foundation’s extensive study reveals that in the year 2017, close to 6 million people in the United States alone had brain aneurysm and the number is expected to mount considerably in the next few years. 

Mounting number of skilled neurologists, supportive reimbursement schemes and soaring cases of fall injuries are working in favor of the cranial fixation and stabilization market. increased prevalence and use of 3D printed devices can be a major trend in the market.Technological advances are giving way to new novel devices that facilitate effective treatment and surgeries. Emerging countries like India and China offer remarkable opportunities to the global companies, in view of the advancements in the healthcare infrastructure and rising spending. 

Cranial Fixation and Stabilization Market Segmentation 

Category, product, type and end-user are the top segments considered in the MRFR report. 

Cranial fixation systems and cranial stabilization systems are the key categories studied in the report. Cranial fixation systems are extensively used in trauma cases, which form the major portion of the total brain surgeries. As a result, the segment has taken the lead in the global market. 

Products analyzed in the MRFR study include skull clamps, meshes, screws, plates, horseshoe headrests, and accessories. The demand for mesh is quite strong, given its widespread use in a number of cranial surgeries. 

Types of cranial fixation and stabilization devices are resorbable and non-resorbable. Resorbable devices are non-toxic and biocompatible and have features including strength, thermoplasticity, degradation properties, hydrophilicity and crystallinity,which are key requirements during cranial surgeries. Hence, the resorbable segment is expected to dominate the worldwide market over the years to come. 

Major end-users considered in the report are ambulatory surgical centers,hospitals, and more. Hospitals have been the highest revenue generating segment, and will continue to maintain its leadership throughout the given period. The huge number of neurosurgeries that are conducted in hospitals can be the biggest reason for the segment’s dominance. 

Cranial Fixation and Stabilization Market Regional Analysis

Cranial fixation and stabilization industry can be regionally split into APAC/Asia Pacific, Europe, MEA/Middle East & Africa and the Americas.

Americas, with a substantial share of 55% in the global market, is in the lead. Surge in spinal disorders as well as trauma that require effective fixation and stabilization during surgeries foster the market size in the region. Also, the rapid increase in the number of deep brain stimulation procedures in the region, accelerated cases of brain cancer and growing incidences of road and sports-related accidents will also contribute to the market growth over the following years.

AsiaPacific is slated to be the fastest-advancing market for cranial fixation and stabilization in the forthcoming years, primarily due to the aggressive growth of the economic status and improvements in healthcare infrastructure. Burgeoning populace of patients suffering from neurological disorders as well as head traumas, in addition to increasing government spending on healthcare can be favorable for the APAC market as well. Another growth rendering factor includes the dramatic surge in the number of skilled neurologists with skills in cranial fixation and stabilization in the region.

Cranial Fixation and Stabilization Market Leading Companies

Medicon (Germany), Ostomed (UK), Medtronic (US), Stryker (US), Braun Melsungen AG (Germany), KLS Martin Group (Germany), Johnson & Johnson (US), Jeil Medical (South Korea), Micromar (Brazil), Changzhou Huida (China), NEOS Surgery (Spain), Evonos (Germany), Pro Med Instruments (Germany), Zimmer Biomet (US), DePuy Synthes (US),Integra LifeSciences Corporation (US), are some of the prominent firms in the global market.

Latest Updates 

October 2020

Alphatec HoldingsInc., a well-known medical device manufacturer focused on transforming the approach to spine surgery, has commercially introduced two solutions developed for improving the ATEC transforaminal lumbar interbody fusion clinical experience. The InVictus Modular Pedicle Screw and Sigma Access System (which enables effective exposure backed by independent cranial retraction) are advanced technologies that can be completed integrated with the company’s SingleStep implant delivery system, IdentiTi TLIF implants and SafeOp Neural InformatiX system, to facilitate an intelligently designed, comprehensiveTLIF approach.

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 BREIF TOC

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global Cranial Fixation & Stabilization Market, By Category

6.1 Introduction

6.2 Cranial Fixation Systems

6.3 Cranial Stabilization Systems

Chapter 7. Global Cranial Fixation & Stabilization Market, By Product

Continued… 

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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:
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Pune – 411028
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Analysis on Pet cbd (Cannabidiol) Market Demand Forecast till 2027

 Market Analysis 

The global veterinary CBD market is likely to touch USD 202.6 billion at a 4.9% CAGR between 2019- 2025, according to the recent Market Research Future (MRFR) report. Veterinary CBD treatment is provided to pets to treat diseases such as anxiety, seizures, and cancer. Hemp-derived & marijuana-derived are the two sources of veterinary CBD. 

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Various factors are adding to the global veterinary CBD market growth. These factors, as per the new MRFR report, include low implementation costs, rising willingness to invest in pet healthcare, an increase in household pets, a relatively new & untapped market, and does not need to be tailor-made. Additional factors adding market growth include the tremendous potential of CBD for managing seizures, anxiety, and pet pain. Additional factors adding market growth include CBD works miraculously to maintain pets’ mental health and also reduce fatigue, tiredness, and balance mood swings, treat osteoarthritis, fewer side effects, and demand for organic healthcare products by pet owners. 

On the contrary, differing regulations and laws related to the manufacturing/processing and purchase of pet CBD products raw materials, issues related to export and import, legal restrictions and allowances that differ, and unclear regulatory environment are factors that may limit the global veterinary CBD market growth over the forecast period. 

Market Segmentation 

The MRFR report provides an inclusive segmental analysis of the global pet cbd (Cannabidiol) market based on source, product, and distribution channel. 

By source, the veterinary CBD market is segmented into hemp-derived & marijuana-derived. Of these, the hemp-derived source will lead the market over the forecast period for relaxation rules to grow hemp and legalization in most countries. 

By product, the veterinary CBD market is segmented into personal care, food grade, and therapeutic grade. The food grade segment is further segmented into chews, treats, and others. The therapeutic grade segment is further segmented into pet CBD oils and pet supplements. Of these, the therapeutic grade segment will dominate the market over the forecast period for the increasing concern of consumers for their pet’s mental wellbeing and increased support for such products by veterinarians. 

By distribution channel, the veterinary CBD market is segmented into veterinary clinics, retail pharmacies, e-commerce websites, and others. Of these, e-commerce websites will have a major share in the market over the forecast period. 

Regional Analysis

Based on the region, the global veterinary CBD market covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), & the Middle East & Africa (MEA). Of these, the Americas will spearhead the market over the forecast period for the large-scale infrastructure support for new industries and legislative allowance for marijuana. 

The global veterinary CBD market in Europe is predicted to have the second-largest share over the forecast period for a well-established tradition for research as well as implementation. 

The global veterinary CBD market in the APAC region is predicted to grow at a quick pace over the forecast period for having the highest numbers of livestock and pets and increasing use of medicinal marijuana. Besides, the Asia Pacific is the largest producer of hemp. 

The global veterinary CBD market in the MEA is predicted to have the smallest share over the forecast period for an underdeveloped pet healthcare industry, fewer household pets, and lower per capita income. 

Key Players 

Eminent players profiled in the global veterinary CBD market report include Joy Organics (US), Green Roads of Florida (US), HempMy Pet (US), Pet Releaf (US), Honest Paws (US), Wet Noses (US), Canna-Pet (US), Fomo Bones (US), and HolistaPet (US). Industry players have encompassed strategies such as strategic alliances, mergers, acquisitions, joint ventures, product launch, and research and development to create a niche in the market.  

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