Friday 7 February 2020

Bioanalytical Testing Services Market Focus On Top Leaders : WuXi AppTec, Covance, Toxikon, Etc…

Market Synopsis:
With the mounting demand for healthcare services, there has been a subsequent rise in demand for drug research. New technologies such as bioanalytical testing have been developed for facilitating drug development, which is likely to revolutionize the healthcare and pharmaceutical industries over the next couple of years. Market Research Future (MRFR) has unfolded in its latest report that the global bioanalytical testing services market is anticipated to mark 12.95% CAGR across the review period 2018 to 2023 to reach a valuation of USD 1867.30 Mn by 2023.


Bioanalytical testing services are used to detect and measure the presence of drugs and related metabolites in the human body. The bioanalytical testing services market comprises a major part of the biomedical research sector, as it plays a crucial role in determining whether a drug can deliver its expected efficacy and whether it is safe for human consumption. Thus, bioanalytical testing services play a vital part in expediting the drug delivery process and make it more convenient and easier for manufacturers to gather relevant results in the shortest time. The increasing demand for advanced bioanalytical testing services from the medical research sector is likely to be the major driver for the market over the forecast period.
The growing global medical research sector is likely to drive the global bioanalytical testing services market over the forecast period. Due to the growing prevalence of communicable as well as noncommunicable diseases, the global medical research sector has been driven at a strong pace. This growth is likely to result in steady growth of the global bioanalytical testing services market over the forecast period, as bioanalytical testing services play a vital role in medical research. The growing prevalence of cancer has become a major concern for the healthcare sector and significant research efforts have been dedicated towards the eradication of cancer in the last few years. The increasing prevalence of communicable diseases is also likely to be a major driver for the bioanalytical testing services market over the forecast period.
Competitive Analysis:
Leading players in the global bioanalytical testing services market include Laboratory Corporation of America Holdings, Covance Inc., Toxikon, inVentiv Health, Pace Analytical Services LLC, Intertek Group plc, ICON Plc, SGS SA, Charles River Laboratories Inc., Pharmaceutical Product Development, and WuXi AppTec.
Industry Updates:
In January 2019, SGS expanded its Glasgow facility by adding more testing capacity.
Segmentation:
The global bioanalytical testing services market is segmented on the basis of test type, molecule type, and region.
By test type, the global bioanalytical testing services market is segmented into pharmacokinetics (PK), pharmacodynamics (PD), bioavailability, bioequivalence, and others.
By molecule type, the bioanalytical testing services market is divided into small and large molecules. The small molecules segment is sub-segmented into proprietary and generics, while the large molecules segment is divided into biomarkers, biosimilars, vaccines, and others.
Regional Analysis:
The global bioanalytical testing services market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa on the basis of region. The Americas is likely to be the major regional segment of the global bioanalytical testing services market over the forecast period due to the strong presence of medical research facilities in developed North American countries such as the U.S. and Canada. The strong presence of government support to medical research in these countries has also helped advance the cause of medical research and is likely to remain a major driver for the bioanalytical testing services market in the region over the forecast period. The growing prevalence of cancer and other noncommunicable chronic diseases in North America is also a major driver for the bioanalytical testing services market in the region. The U.S. is a global hotspot for medical research, with several leading medicine and drug manufacturers having a strong presence in the country and the government providing a solid research infrastructure with solid scope for further development in the coming years.

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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.
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Geriatric Population to Promote Cardiac Implants Market Growth - 2019 to 2023

Market Overview
Cardiac implants are specifically designed to monitor irregular heartbeats in people with heart rhythm disorders. Such disorders are mainly caused by problems associated with the heart’s electrical system, which signals the heart to pump blood throughout the body. Devices comprise implantable cardioverter defibrillators, pacemakers, implantable hemodynamic monitoring, cardiac resynchronization therapy, and implantable heart rhythm monitors, which are also referred to as loop recorders. The global cardiac implants market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.82%, surpassing a valuation of USD 38,054.3 million during the forecast period (2019-2023).

Cardiac implants are extensively used to treat myocardial ischemia, acute myocardial infarction, and arrhythmias. The increasing prevalence of geriatric population along with demographic changes across the globe are considered primary growth stimulants of the cardiac implants market. Surging regulatory approval for cardiac implants will encourage the adoption of cardiac implants across the globe. Healthcare organizations and hospitals indicate cardiovascular implants at risk of cardiac disorders to offer artificial control in patient’s heartbeat. The rising number of regulatory approvals for advanced and innovative cardiac implant devices will facilitate the market growth in the foreseeable future.
The surging prevalence of cardiovascular diseases across the globe has led to increased adoption of cardiac implants. The rising focus on R&D is considered a key trend impacting the market positively. Vendors involved in cardiac implants are highly focusing on the development of innovative cardiac implants like dual-chamber leadless pacemaker and wireless endocardial pacing systems. Such developments will drive the market growth in the years to come.
On the contrary, infections related to implantable pacemakers in cardiac patients will remain a major restraining factor to the market growth across the globe.

Global Cardiac Implants Market: Segmental Analysis
The cardiac implants market has been segmented on the basis of device, indication, and end users.
By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.
By indication, the market is classified into heart failure, arrhythmias, and others.
Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others. Of these, the hospital segment is likely to gain prominence due to favorable reimbursement policies.

Regional Frontiers
Geographically, the cardiac implants market spans across America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, America is predicted to command the largest market share, mainly due to the soaring incidences of cardiac diseases, coupled with the increased adoption rate of cardiac implantable electronic devices in the region. Moreover, increased demand for the pacemaker, especially in North America will contribute to the market’s growth.
The market in Europe will experience considerable growth owing to increased funding from the government for, healthcare, coupled with the rising initiatives by the insurance companies for heart patients.
The Asia Pacific will expand at the fastest rate during the foreseeable future. The growth can be credited to the rising geriatric population, increasing popularity of medical tourism, and changing lifestyle of the population. Surging preferences for technologically advanced products for cardiac rhythm management and increased concerns regarding healthcare for stroke prevention will encourage the regional market’s growth.

Industry Updates
August 2019: The U.S. FDA has recently approved a heart implant, which offers therapeutic stimulation to the patients suffering from advanced heart failure. The device named the Barostim Neo System is a cardiac neuromodulator, which helps to stimulate the baroreceptors of patients not suited for heart failure treatments such as cardiac resynchronization therapy.

Competitive Dashboard
The top players operating in the cardiac implants market include Amg International (Germany), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Boston Scientific Corporation (US), Biotronik (US), Medtronic Plc (US), LivaNova PLC (UK), Terumo Corporation (Japan), and SynCardia Systems, Inc. (Arizona).
The global autism disorder and treatment market is expected to exhibit a CAGR of 4.37% over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global autism disorder and treatment market was valued at USD 5,143.6 million in 2016 and is likely to exhibit rapid growth over the forecast period due to the rising awareness about autism spectrum disorders (ASD) and the growing efforts being put into drug development for treating autism.
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Autism spectrum disorders are a range of neurobehavioral disorders that affect the ability of the patients to communicate with others. The diseases may also manifest in the form of a lack of social skills, difficulty in understanding nonverbal communication as well as speech, and other symptoms. The etiology and development of autism is not well understood, but the symptoms present themselves most strongly around the age of two to three years. The treatment of autism spectrum disorders is also not well understood, with several options being present in the global market but none presenting a foolproof solution, due to the simple fact that ASD presents differently in each child, with the unique strengths and weaknesses of each individual autism patient needing to be taken into account before a decision is made regarding the long-term treatment plan for the disease.
Growing awareness about autism spectrum disorders is likely to be a major driver for the global autism disorder and treatment market over the forecast period, as the overall awareness about the prevalence of autism spectrum disorders and their treatment is lacking, especially in emerging economies. Growing efforts into autism research are likely to remain a key driver for the global autism disorder and treatment market over the forecast period. Rising efforts by parents to seek out individually oriented treatments for autistic children are likely to be a major driver for the global autism disorder and treatment market.
Segmentation:
The global autism disorder and treatment market is segmented by type, treatment type, drugs, and region.
By type, the global autism disorder and treatment market is segmented into Asperger syndrome, pervasive developmental disorder, and others. Pervasive developmental disorder holds the highest share in the global autism disorder and treatment market and is likely to grow at a CAGR of 4.73% over the forecast period.
By treatment type, the autism disorder and treatment market is segmented into ABA (applied behavioral analysis), hyperbaric oxygen therapy, chelation therapy, oxytocin therapy, and others. The applied behavior analysis segment holds a dominant share of close to 40% in the global autism disorder and treatment market, followed by chelation with 19%. The ABA segment is expected to grow at a rapid 4.82% CAGR over the forecast period, further increasing its dominance in the global autism disorder and treatment market.
By drug, the market is segmented into SSRIs, anti-convulsant, stimulants, and anti-psychotic medication. The anti-psychotic medication segment accounted for the largest share in the global autism disorder an treatment market in 2016 and is expected to exhibit a robust 3.95% CAGR over the forecast period. Anti-psychotics are further segmented into Abilify (aripiprazole) and Risperidone.
Regional Analysis:
The global autism disorder and treatment market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas segment holds the dominant share in the global autism disorder and treatment market due to the growing prevalence of autism in the region and the high awareness among parents about the disease. The increasing availability of advanced autism disorder medication and treatment in the U.S. and Canada is likely to be the major driver for the autism disorder and treatment market in the Americas over the forecast period.
Competitive Analysis:
Leading players in the global autism disorder and treatment market include Pfizer Inc., Allergan, Teva Pharmaceutical Industries Ltd., Novartis AG, Bristol-Myers Squibb, Coronis Partners Ltd., Heptares Therapeutics Limited, Saniona AB, Intra-Cellular Therapies Inc., Curemark LLC, Otsuka Holdings Co. Ltd., Johnson & Johnson Services Inc., Consern Pharma Private Limited, Merck & Co. Inc., and Eli Lilly and Company.
Industry Updates:
Delta Township, Michigan will celebrate “Delta for Autism Awareness Day” on March 18. Such local-level efforts to raise awareness could be crucial for the global autism disorder and treatment market over the forecast period.
Read More @ https://www.marketresearchfuture.com/reports/autism-disorder-and-treatment-market-1605

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
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Thursday 6 February 2020

Neurovascular Devices Market Opportunities, Challenges, and Application

Neurovascular Devices Market Synopsis:
Increased incorporation of advanced technology in the healthcare sector has led to the development of various medical devices that can be utilized to treat complex medical conditions. Neurovascular devices are advanced medical devices that are used to treat various neurovascular diseases that can affect the central nervous system and associated vascular system. Market Research Future (MRFR) has published a report stating that the global neurovascular devices market is marked to expand at a noteworthy CAGR of 8.8% during the forecast period of 2017-2023.

High prevalence of neurovascular diseases in developed and developing regions as a result of changing lifestyle and increased healthcare expenditure are majorly fueling the expansion of the global neurovascular devices market during the assessment period. Increased research and development expenditure and rapid technological advancement in the healthcare sector are also propelling the expansion of the global neurovascular devices market. However, poor economic conditions and lack of primary healthcare facilities are likely to restrain the expansion of the global neurovascular devices market during the forecast period. 
Neurovascular Devices Market Regional Analysis:
Geographically, the global Neurovascular Devices Market has been segmented into four major regions such as Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is dominating the global neurovascular devices market owing to the high prevalence of neurovascular diseases, increased healthcare expenditure as a result of increased disposable income, easy adoption of technologically advanced medical devices and the presence of well-developed healthcare sector in this region. The Europe region commands second largest share in the global neurovascular devices market owing to the rapid technological advancement and increased research and development activities for the introduction of advanced medical devices in the developed healthcare sector of this region. The neurovascular devices market in the Asia Pacific region is expanding at the fastest growth rate owing to the increased awareness regarding the availability of advanced medical devices and increased government funding for the development of healthcare sector in this region. Whereas, poor economic condition and absence of primary healthcare facilities in the underdeveloped countries are restraining the growth of the neurovascular devices market in the Middle East and Africa region.      
Neurovascular Devices Market Segmentation:
The global market for neurovascular devices has been segmented on the basis of product, therapeutic application, and end-user. Based on product, the neurovascular devices market has been segmented into aneurysm coiling and embolization devices, neurothrombectomy devices, support device, and cerebral balloon angioplasty and stenting systems. The aneurysm coiling and embolization devices segment has been sub-segmented into embolic coils, flow diversion devices, and liquid embolic. The embolic coils sub-segment includes detachable coils and pushable coils. The neurothrombectomy devices segment has been sub-segmented into retrieval systems and suction & aspiration devices. The support device segment has been sub-segmented into microguidewires and microcatheters. The cerebral balloon angioplasty & stenting systems segment has been sub-segmented into embolic protection systems and carotid artery stents. The embolic protection systems segmented is further segmented into balloon occlusion devices and distal filter devices. Based on therapeutic application, the neurovascular devices market has been segmented into hemorrhagic stroke and ischemic strokes. Based on end-users, the neurovascular devices market has been segmented into hospitals & clinics, and ambulatory surgical units.
Neurovascular Devices Market Top Key Players:
The key players profiled by MRFR that are operating in the global neurovascular devices market are Stryker, Medtronic, Johnson & Johnson Services, Inc., TERUMO CORPORATION, Abbott, Merit Medical Systems, Inc., Medikit co., ltd., Penumbra, Inc., MicroPort Scientific Corporation, Evasc, Rapid Medical, Neuravi, W. L. Gore & Associates, Inc., OxfordEndovascular, Sensome, Blockade Medical, LLC., Delaware Corporation, Secant Group, LLC, and Gynesonics. The players in the global neurovascular devices market are aiming towards expansion of their businesses on global level by introducing advanced devices through increased research and development expenditure and strategic mergers and acquisitions are aiding these players in maintaining their dominance in the highly competitive environment of the global neurovascular devices market.


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Head Trauma Market Booming With Size, Industry trends and Forecast to 2023

Head Trauma Market – Overview
Rise in the number of trauma cases globally especially those of head trauma have prompted an increase in the demand for treatment. Market reports connected with the healthcare industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry. The Head Trauma Market growth is foreseen to grow with a CAGR of 8.3% over the forecast period. The progress of the market is expected to benefit from the development of new technologies in the upcoming forecast period.
Segmental Analysis
The segmentation of the market is segmented on the basis of types, diagnosis, treatment and end users. By types, the market is segmented into haemorrhage and hematoma. By diagnosis, the market is segmented into brain scans, physical examination, and CT scan. By treatment, the market segmentation comprises of anti-seizure drugs, medical treatment, and surgery. By end users, the market is segmented into research institutes and hospitals & clinics.
Detailed Regional Analysis 
The Americas region dominates the market due to the incidence of well-developed technology, growing patient population share with brain disorder, increasing health care spending, and budding government support for research & development. Additionally, intensified R&D activities and the focus of major companies are fuelling the market growth in this region. The European region has the next spot in the market due to the government support for research & development and accessibility of funds for research. This is projected to continue to drive the European market over the forecasted period. The Asia Pacific is showing the fastest growth due to the swiftly evolving healthcare technologies and high healthcare expenditure. Furthermore, the rising patient population in nations like India and South Korea are likely to fortify the market in the forecast period further. Conversely, the Middle East & Africa region controls the least stake in the market due to less accessibility of funds, inadequate medical facilities, and volatile political conditions in the African continent.
Competitive Analysis
The inventions in the products and services are the major factor in growing the market's yield and affecting the trends that are capturing attention in the market. The key success factors and players’ tendencies are regularly improving by the strategies being used by market contenders. The external factors are encouraging the market development which is dependent on the practices and the strategic roadmaps that are developed by market competitors. The significant contenders functioning in the market are GE Healthcare (U.S.), Fujifilm Holdings (Japan), Siemens Healthcare (U.S.), Shimadzu Corporation (Japan), Philips Healthcare (U.S.), Nihon Kohden Corporation (Japan), Toshiba Medical Systems Corporation (Japan), Electrical Geodesics Inc. (U.S.), Carestream Health (U.S.), Masimo Corporation (U.S.), Hologic (U.S.), Esaote (Italy), and others.
Industry Updates:
Feb 2018 The first blood test to evaluate mild traumatic brain injury (mTBI) or concussion has been permitted to be marketed by the U.S. Food and Drug Administration. The FDA reviewed and authorized for marketing the Banyan Brain Trauma Indicator in less than six months as a portion of its Breakthrough Devices Program.
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POC Blood Gas and Electrolyte Market Analysis by Top Leaders Siemens, Abbott, F. Hoffman-La Roche Ltd., Radiometer, Nova medical


Global Point of Care Blood Gas and Electrolyte Market Information, By Product Type (Consumables and Instruments), By End Users (Hospitals & Clinics, and Research Institute) - Global Forecast till 2023
Market Highlights
Point of care blood gas and electrolyte analyzers is the new technology, which helps in reducing therapeutic turnaround time, enhancing patient satisfaction, accuracy, and help to improve hospital operations. Rising prevalence of chronic diseases and cancer across the globe, increasing the treatment of NICUs, ICUs, Cardiovascular Operating Room (CVOR), and emergency department, which drives the global point of care blood gas and electrolyte devices market growth. In 2017, due to changes in the regulatory policies of the U.S., R&D investment is affected to some extent. In 2016, R&D spending of the US was 527.5 billion, which grew by 1.6% in 2017. Currently, the major shares of the global market are dominated by few leading players, and they can fluctuate the costs of the products. In developing regions such as Asia Pacific the suppliers are trying to provide their products at affordable price.
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The global point of care blood gas and electrolyte devices market is expected to grow at a CAGR of 7.8% during the forecast period 2017-2023. 
Segmentation
The global point of care blood gas and electrolyte gas devices market has been segmented on the basis of types and end users.
On the basis of the types, the market is segmented into consumables and Instruments. The instrument type is sub-segmented into benchtop and portable devices. The consumable devices are further segmented into reagents, cartridges, and others.
On the basis of the end users, the market is segmented into hospitals & clinics, home care, research institutions, and others. 
Key Findings:
  • Consumables product segment accounts for the largest market share of 61.5% while the instruments segment is projected to grow at a CAGR of 6.3% during the forecast period from 2017 – 2023
  • Hospitals & clinics dominates the global POC blood gas and electrolyte market with nearly 58.4% share of the global market, by end users
  • Americas POC blood gas and electrolyte market is estimated to be USD 600.2 million in 2016

Regional Analysis
The Americas dominate the global market owing to a huge population with chronic diseases such as diabetes, kidney, and liver disease, increasing government support for research & development, and high health care expenditure. According to the WHO, in 2014, 9.7% of the total America population is having diabetes. Thus, increasing prevalence of diabetes has boosted the market growth. Additionally, changing lifestyle and the presence of major players in the market have fuelled the growth of the market.
Europe is the second largest point of care devices market across the globe, which is followed by Asia Pacific. Asia Pacific is the fastest growing market and majorly driven by India and China owing to a huge number patients with chronic diseases and rapidly growing economy. According to the WHO, 60% of the global diabetic population lives in Asia Pacific region. The healthcare expenditure of Asia Pacific has increased over the last few years, which has contributed to the growth of the market.
The Middle East and Africa region account for the least share of the global market. Whereas, Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition of the region. 
Key Players
Some of the major players in this market: Siemens, Abbott, F. Hoffman-La Roche Ltd., Radiometer, Nova medical, Edan Instruments Inc., and Instrumentation Laboratory
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Coronary Pressure Market Focus On global Top Leaders - Koninklijke Philips N.V., General Electric Company, Medtronic, Omron Corporation A&D Medical Inc.

Coronary Pressure Market Research Report, By Device (Sphygmomanometer, Automated Blood Pressure Monitor, BP Transducers, Ambulatory Blood Pressure Monitor), By Technology (Digital, Aneroid, Wearable), By End User (Hospitals) - Global Forecast till 2023

Market Highlights
The patients suffering from hypertension, diabetes, and other cardiovascular diseases uses coronary pressure monitors to examine the coronary blood pressure. These devices are gaining huge attention due to increasing patient population suffering from cardiovascular diseases and obesity related problem. In 2015, according to the World Health Organization, over 17.7 million patients died from cardiovascular diseases accounting for 31% of the total deaths and it is estimated that about 39% of the adults aged above 18 were overweight in 2016. Several other factors such as growing geriatric population and increasing use of non-invasive devices fuels the market. However, erroneous readings by coronary pressure monitoring devices may restrain the market growth during the forecasted period. 
The global Coronary Pressure Monitor Market is expected to grow at a CAGR of 6.65% during the review period. 
Key Players
The key players for the global coronary pressure monitor market are Koninklijke Philips N.V. (Europe), General Electric Company (United States), Medtronic (Europe), Omron Corporation (Asia Pacific), A&D Medical Inc. (Asia Pacific), Drägerwerk AG & Co. KGaA (Europe), Rossmax International Ltd. (Asia Pacific), American Diagnostics Corp. (U.S.), and others.

Segmentation
The global coronary pressure monitors market is segmented on the basis of devices, technology, and end users.
On the basis of the devices, the market is segmented into sphygmomanometer, automated blood pressure monitor, BP transducers, ambulatory blood pressure monitor, instruments & accessories, and others.
On the basis of the technology, the market is segmented into digital, aneroid, wearable, and others.
On the basis of the end users, the market is segmented into hospitals, cardiac care centers, ambulatory centers & home care, academic institutes, and others. 
Regional Analysis
The Americas dominate the global coronary pressure monitors market owing to a large patient population, strong government support for research & development, and high healthcare spending. According to the Center for Disease Control and Prevention in 2015, over 630,000 Americans died from heart disease, which represented 1 in every 4 deaths.
Europe is the second leading region in the global coronary pressure monitors market, which is followed by Asia Pacific. Asia Pacific is the fastest growing coronary pressure monitors market. Regionally, Europe is divided into Western Europe and Eastern Europe. Western Europe is holding the major share of the market, which is majorly contributed by Germany, the U.K., and France. However, Eastern Europe is the fastest growing region due the huge opportunities in the untapped market.
The Middle East and Africa contribute the least to the growth of the global coronary pressure monitors market. The Middle East dominates the market in this region. Whereas, Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition and stringent government policies. However, the growth of the African market is high due to the presence of opportunities for the development of the market.
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Tuesday 4 February 2020

Benefits of Aromatherapy Driving the Aromatherapy Market


Market Scenario
Market Research Future (MRFR) postulates that the aromatherapy market is estimated to garner USD 4.3 billion, grabbing a healthy CAGR of 6.18 % during the forecast period (2017-2023). The non-invasive nature of aromatherapy is encouraging the market growth. Aromatherapy Market is practiced across the globe to treat several conditions like burns, eczema, acne, skin rashes, etc. and is also being gradually approved for pain management. Aromatherapy is common among the geriatric population as they help to heal chronic pain. The procedure is progressively being used at homes for instant relief from cold and flu, relaxation and sleep, mood enhancement, and pain relief. They are cost-effective, offer privacy and convenience. Aromatherapy finds application in the skin and hair care, relaxation, cold and cough, pain management, scar management, insomnia, and others.

Market Potential and Pitfalls
The aromatherapy market is experiencing an up thrust across the globe with a large number of the global population opting for aromatherapy, non-invasive nature of aromatherapy, and increasing lifestyle industry. The modern lifestyle is encircled with problems such as stress and sleep disturbances which have further inflated the market growth. Aromatherapy used aromatic and other essential oils which helps to combat cold, increase immunity and improve breathing disorders. Such benefits have encouraged the aromatherapy market worldwide. The surging practice of aromatherapy at home, growing customer fondness towards the use of natural products, and the high prevalence of lifestyle diseases are likely to propel the market growth in the coming years.
Essential oils used in aromatherapy possess several natural healing factors. Therapeutic grade essential oils have a positive impact on the overall wellness of the patient. They are considered a natural cleanser and also an antibacterial remedy when ingested. Moreover, people across the globe are becoming aware of the benefits provided by such natural therapies, which is further encouraging the market growth. Consumers are buying cosmetic products integrated with aromatherapy ingredients and essential oils. Aromatherapy products including and creams, bath salts, and massage oils are popular among the consumers. Manufacturers are thus offering a varied range of aromatherapy consumables which consist of natural ingredients, pleasant smell, and relaxing properties. Oils such as lavender, lemongrass, and peppermint are gaining huge prominence among the manufactures. Such factors are influencing the growth of the aromatherapy market across the globe.
On the contrary, the toxic nature of the essential oils and a dearth of proper guidelines are considered some of the top barriers vitiating the market growth across the globe. For instance, Cineole is an essential oil which can be poisonous above the recommended dose. An overdose can cause nausea, epigastric burning, dizziness, vomiting, rapid heartbeat, muscular weakness, feeling of suffocation, etc.
Global Aromatherapy Market: Segmental Analysis
The global aromatherapy market has been segmented on the basis of product, application, and therapeutic application.
By mode of product, the global aromatherapy market has been segmented into essential oils and equipment. Among these, the essential oils segment is likely to gain prominence in the coming years owing to the increased awareness regarding the therapeutic value of these oils.
By mode of application, the global aromatherapy market has been segmented into inhalation, tropical, and aerial diffusion.
By mode of therapeutic application, the global aromatherapy market has been segmented into relaxation and sleep, skin and hair care, pain management, and other remedies. Among these, the relaxation & sleep segment is considered to gain prominence in the coming years owing to the surging number of people suffering from stress and anxiety along with the side effects associated with alternative medicines.
Regional Insights
Geographically, the aromatherapy market span across regions namely, Europe, North America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the North American region is the most prominent region in the global market with the U.S. generating the maximum revenue. The high per capita income and high population density are the top two factors encouraging the market growth in this region. The surging awareness among the people regarding the health benefits of essential oils and aromatherapy coupled with the rising demand for herbal products for personal care are contributing to the growth of the market.
The European region is estimated to occupy the second spot and is likely to expand at the fastest speed. France is considered the largest market in this region owing to the tradition of aromatics. The presence of prominent market players has further influenced the market growth.
The Asia Pacific region is experiencing steady growth with China being the largest market owing to the presence of a large population. The region has proved to be a potential region for the market players owing to the surging incidences of lifestyle and chronic diseases, high population base, and growing disposable income of the people. Medical tourism makes the region a lucrative region for aromatherapy as economies like India having the traditional process of using natural resources and essential oils for treating various illness attract tourists across the globe.
Industry Updates
March 27, 2019: Lunaroma Aromatic Apothecary in Burlington offer over hundreds of essential oils and they are now making their way into modern medicine with doctors using the age-old technique to help their patients.
Competitive Dashboard
The prominent players operating the global aromatherapy market comprises NOW Foods, Muji, Tree of Life, Young Living, Neal’s Yard Remedies, dōTERRA, Zija International, Nu Skin, Air Aroma, and others.
Read More@ https://www.marketresearchfuture.com/reports/aromatherapy-market-3241
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





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