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Digital Healthcare Market Overview
Market Research Future (MRFR) believes that the digital healthcare market would thrive at a healthy rate of 26.30% between 2020 and 2027. The global digital healthcare market is also projected to touch USD 3,28,887.8 Million by 2027-end.
Primary Drivers and Deterrents
Telemedicine, blockchain electronic health records and artificial intelligence-backed devices are a few significant examples of digital healthcare, with these technologies reshaping the way health care professionals interact with each other and patients. These technologies have also transformed the way data is shared between healthcare providers, helping them to reach informed decisions as to how to proceed with the correct treatment plan to achieve successful outcomes. Innovation remains one of the foremost drives of digital healthcare, with the increasing technological advancements leading to better streamlining of work, improved patient outcomes, lower human errors, and reduced costs.
The total number of smartphone owners crossed the five billion mark by the year 2019 and continues to mount at a rapid pace. Over four billion individuals worldwide, at any given point of time, use the Internet. Doctors and other healthcare professionals are progressively adopting virtual-reality tools to either boost their medical skills or develop plans for a complicated surgery.
Another significant trend in the digital healthcare market is the soaring popularity of the wearable technology. Seeing the escalating adoption of wearables in view of rising health consciousness among people, companies are proactively developing advanced devices that offer up-to-date tracking of high-risk persons to determine the possibility of any major illness or health issue.
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Digital Healthcare Market Segmentation
The digital health market, in terms of technology, has been split into mhealth, telehealthcare, digital health systems and healthcare analytics.
Applications considered in the report are cardiology, neurology, diabetes, sleep apnea, oncology, and others.
Top delivery modes are on-premise and cloud based.
Primary components studied are services, software, and hardware.
Major market end users include pharmaceutical companies, healthcare providers, healthcare payers, and more.
Digital Healthcare Market Regional Insight
The American market for digital healthcare is of the biggest size, primarily on account of the large-scale healthcare spending along with the surging adoption of the information technology. The US market is slated to perform well in the following years, thanks to the considerable expenditure on healthcare and the mounting need to curtail these expenses.
Europe will presumably achieve the second position in the global market, thanks to the surging pressure to cut down the massive healthcare costs and the frequent technical advances in digitization. Players are constantly striving to enhance their solution and service portfolio also have a positive impact on the regional market.
Asia Pacific shall be the fastest advancing market in the coming years, in view of the rapid innovations in healthcare infrastructure combined with the mounting number of healthcare IT firms across China and India. Large-scale funds granted by the established research centers, emerging reforms trying to upgrade the healthcare infrastructure, and financial aid from several government bodies would further elevate the market value.
Digital Healthcare Market Top Firms
BioTelemetry Inc. (US), Cerner Corporation (US), Allscripts Healthcare LLC (US), General Electric Company (US), Koninklijke Philips NV (The Netherlands), AT&T Inc. (US), iHealth Lab Inc. (US), EClinicalWorks (US), McKesson Corporation (US), Cisco Systems Inc (US), Qualcomm Technologies Inc. (US), Athenahealth Inc. (US), are the most affluent digital healthcare firms in the global industry.
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Latest News
February 2021
ZYUS Life Sciences Inc. partnered with HelloMD, a well-known telehealth firm, to offer virtual medical advice to potential patients. This partnership will help ZYUS gain Canadians access, especially with regard to its cannabinoid-based formulations.
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Aromatherapy Market Overview
Aromatherapy has been recognized as an alternative treatment since ages and it is being offered in many healing and therapeutic practices, including yoga studios & spas, massage centers, and even in hospice settings & chiropractic facilities. Using aromatic oils, and other aroma compounds this medical practice helps to heal several health conditions ranging from chronic stress, anxiety, depression, insomnia, trouble sleeping, and muscle pain to respiratory infections, skin problems or disorders, blood sugar fluctuations, and cancer even.
Resultantly, the global aromatherapy market growth is growing pervasively, witnessing augmented uptake as an alternative medicine practice. Factors such as spreading awareness towards aromatherapy's advantages and easy accessibility to its products cumulatively drive the market growth. Moreover, the development of distribution channels is escalating the market on the global platform, availing various therapeutic-grade aromatherapy products and oils with the convenience of purchasing.
Acknowledging the exponential traction, the market is garnering currently, Market Research Future (MRFR) in its recently published analysis asserts that the already booming, global Aromatherapy market is expected to reach USD 4.3 BN by 2023, registering a CAGR of approximately 6.18 % throughout the forecast period (2017-2023).
Rapid urbanization is further ushering lifestyle-borne disorders such as sleep disturbances, stress, etc. Improving economy, worldwide, on the other hand, is availing the best possible healthcare by enhancing the quality of life of people. The non-invasive nature of aromatherapy is a key factor fostering market growth exclusively.
On the other hand, factors that are obstructing the market growth include the stringent regulations towards the obligatory differentiation label on the product citing therapeutic grade or cosmetic grade products and the lack of expertise among the therapists. Also, the toxic nature of some of the essential oils like Cineole which is poisonous above the recommended dose and an overdose may cause some severe respiratory symptoms are restricting the market growth.
Also, the lack of solid medical evidence to prove that aromatherapy prevents or cures disorders and diseases mentioned above is impeding the growth of the market up to some extent.
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Aromatherapy Market Major Players:
Key players leading the global aromatherapy market include Air Aroma, Nu Skin, Muji, Tree of Life, Zija International, Young Living, dōTERRA, Neal’s Yard Remedies, and NOW Foods among others.
Global Aromatherapy Market - Segmentations:
For enhanced understanding, the market has been segmented into four key dynamics:
By Product : Carrier oils & Blended oils, Essential oils (Citrus, Floral, Green/Vegetative, Spicy, and Herbaceous/Camphoraceous, Spices and others), Equipment (Ultrasonic Diffuser, Nebulizer Diffuser, and Heat Diffuser, others), and others.
By Application : Tropical, Inhalation, Aerial Diffusion, and others.
By Therapeutic Application : Pain Management, Relaxation & Sleep, Skin & Hair Care, and other remedies.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Aromatherapy Market - Regional Analysis
The North American region, heading with the extensive adoption in the treatment of various disorders, dominates the global aromatherapy market with the largest share. Moreover, factors such as the high per capita income and healthcare expenditures and the growing applications of aromatherapy in therapeutic applications as well as in cosmetics and personal care products are supporting the growth of the regional market. Canada and the US are major markets for aromatherapy in the region.
The aromatherapy market in the European region accounts for the second-largest market, globally. France, Italy, and Germany are the major market for aromatherapy products. Moreover, the increasing popularity of aromatherapy as therapeutics and pharmaceuticals is fostering the market growth in the region. Also, the rising disposable income and the presence of large facilities especially in France and Germany propel the growth of the regional market.
The Asia Pacific aromatherapy market is rapidly emerging as a profitable market, globally. The region is the largest producer of the essential oils, carrier oils, and blended oils which is undoubtedly impacting the market growth in the region, positively. Rapidly developing countries such as China and India have become the largest aromatherapy markets in the region due to the large unmet needs.
The aromatherapy market in the Middle East and African region led by some of the GCC countries such as Saudi Arabia and UAE will witness substantial growth over the forecast period. On the other hand, due to the poor economic and political conditions, the aromatherapy market in the African region will demonstrate a sluggish growth.
Global Aromatherapy Market - Competitive Analysis
Highly competitive, the aromatherapy market appears to be widely expanded and fragmented characterized by several small and large-scale players. To gain a competitive edge and to sustain their position in the market, these players incorporate various strategic initiatives such as partnership, acquisition, collaboration, expansion, and product launch.
The structure of the market is changing due to the acquisition of local players by multinational companies. Because of the increasing competition in the market, multinational companies are using the strategy of acquisition, which increases the profit of the company while significantly reducing the competition.
Some oil manufacturer practice extraction methods such as steam distillation or solvent extraction to extract essential oils without changing the medication value and nutrients compound of natural herbs and plants that tend to change due to heat. Oils used in aromatherapy are also extracted by the cold press to retain maximum nutrients compound from the natural plants or herbs.
Key players are focusing more on the expansion of aromatherapy business across the globe which is contributing around 40% increase in the market share. After expansion, these players are acquiring promising companies to strengthen their presence and to get an edge over the increasing competition in the market.
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Aromatherapy Industry/innovation/Related News:
March 04, 2019 --– Subtle Energies (Australia), leading global aromatherapy, natural skin care, and wellness solutions brand announced that the hotel Peninsula Chicago has strengthened their long partnership by exclusively offering Subtle’s line of Ayurveda-informed techniques and treatments at The Peninsula Spa.
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Chronic Disease Management Market Overview
Global chronic disease management market is expected to grow at a CAGR of 17.5% over the forecast period from 2017 to 2023, according to a new research report from Market Research Future (MRFR). The global chronic disease management market is mainly driven by the growing prevalence of chronic diseases and the increasing realization of the need for specialized, dedicated chronic disease management solutions.
Chronic disease management includes monitoring a patient with chronic diseases and bringing all aspects of their lifestyle in line with the desired effect of the medication. Such facilities are usually established by hospitals looking to expand into more dedicated care for chronic diseases. The growing prevalence of chronic diseases around the world has been the major driver for the global chronic disease management market in recent years. Chronic diseases such as cancer and diabetes are rising in prevalence continuously, leading to a need for dedicated facilities. Close to 1.7 million new cases of cancer were registered in the U.S. in 2016, whereas diabetes is estimated to have claimed more than 420 million adult patients around the world. The growing prevalence of these diseases is likely to drive the global chronic disease management market over the forecast period.
Several chronic diseases require patients to adhere to a certain lifestyle for easy and quick recovery. Adhering to this lifestyle can be difficult in one’s own home, as one may forget certain aspects. Such conditions are avoided in chronic disease management, as a physician keeps track of the lifestyles of the patients, allowing them to keep up with the required activities and prohibitions through the rehabilitation period.
On the other hand, the high prices of chronic disease management could emerge as a blow to the global chronic disease management market’s prospects over the forecast period. However, the increasing government support for chronic disease management centers has the potential to overcome this barrier in the coming years.
Chronic Disease Management Market Competitive Analysis:
Leading players in the global chronic disease management market include TriZetto Corporation, Pegasystems Inc., Wellcentive Inc., i2i Systems Inc., Allscripts Healthcare Solutions Inc., Epic Corporation Inc., Infosys Limited, Harmony Information Systems Inc., ZeOmega Inc., HealthSmart Holdings Inc., Medecision Inc., AxisPoint Health, and Phytel Inc.
In April 2019, University Hospitals Geauga launched a new chronic disease management clinic. Such moves are aimed primarily at the geriatric demographic, which may find it difficult to remember particular aspects of the lifestyle to be followed.
Chronic Disease Management Market Segmentation:
The global chronic disease management market is segmented on the basis of service types, application, deployment, end user, and region.
On the basis of the service type, the chronic disease management market is segmented into consulting services, implementation services, educational services, and others.
On the basis of the application, the chronic disease management market is segmented into asthma, cancer, cardiovascular, diabetes, stroke, and others.
On the basis of deployment, the market is segmented into on-premise, web-based, and cloud-based.
On the basis of end user, the market is segmented into provider and payer.
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Chronic Disease Management Market Regional Analysis:
North America, followed by Europe, is the leading regional market for chronic disease management and is likely to retain the position over the forecast period. The high level of technological innovation in North America and the increasing government expenditure on healthcare have allowed for the development of a number of effective chronic disease management facilities. The widespread prevalence of a number of chronic diseases in North America is also a major driver for the chronic disease management market in the region. Diseases such as cancer and diabetes are widely prevalent in North America, helped along by unhealthy lifestyle factors such as excessive smoking and excessive sugar consumption.
Asia Pacific is the fastest growing regional market for chronic disease management. Due to the relatively advanced and specialized nature of chronic disease management, only a small number of facilities have been established in Asia Pacific so far, with Japan taking up the lion’s share in the region’s chronic disease management market.
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Wearable medical devices are electronic devices capable of measuring various metrics on the human body without doctor intervention. They have attracted mainstream attention via smartwatches. Insurance companies and healthcare organizations are pondering the benefits of wearables to patients in the long run. The global wearable medical device market report by Market Research Future (MRFR) highlights the developments around the technology and applications in the medical sector as well as several factors and challenges to be faced by key market leaders for the period of 2017 to 2023 (forecast period).
Wearable Medical Device Market Scope
The global wearable medical device market is forecasted to be valued at USD 27,255.6 million by 2023. It was valued at USD 7,859.4 million in 2017.
The developed countries, in particular, are frontrunners in the adoption of advanced technology solutions and continuous innovation in these technologies can influence the market demand. These devices have demonstrated efficacy in the management of chronic diseases of diabetes, asthma, and heart diseases, the occurrence of which is soaring across the globe. Wearable medical devices have gained significant traction in monitoring various health parameters such as heart rate, blood oxygen level, body fat, and respiration. Patient awareness pertaining to healthcare devices and the high healthcare expenditure across developed countries can bolster the market growth. Rise of lifestyle diseases, cost-effectiveness of devices, and the connected healthcare ecosystem are factors predicted to spur the demand of wearables.
On the contrary, the low adoption and awareness rate of wearable medical devices in underdeveloped regions of the world, partly because of low healthcare penetration and poor economic conditions can hamper the market growth. In addition, concerns relating to privacy and cybercrime can also pose a challenge to the global wearables medical and health market.
Wearable Medical Device Market Segmentation
The market has been assessed under type, device type, application, and distribution channel. By type, wearable medical devices such as smart clothing, activity monitors, smart watches, and patches were considered for market sizing. The scope of the discussion also covers therapeutic devices and diagnostic & monitoring devices. The report also highlights key application areas of wearable medical devices, which include remote patient monitoring, sports academies and fitness, and home healthcare. The wearable medical device market major distribution channels for wearable medical devices discussed in the report include pharmacies, hypermarkets, and online channel.
Wearable Medical Device Market Regional Analysis
The Americas, the Middle East & Africa (MEA), Asia Pacific (APAC), and Europe are major regions covered in the global hemifacial spasm market report.
The Americas dominate the global wearable medical devices market on account of the increasing cases of obese and diabetic population in the region and the need to monitor their metrics closely. Moreover, the penetration of smart medical devices in the region made possible by the need for affordable healthcare can drive the North America wearable medical device market.
Europe is the second most significant market for wearable medical devices. Increasing health awareness, the prevalence of chronic diseases and high healthcare expenditure are factors fostering the growth of the Europe wearables medical and health market.
The APAC market is expanding rapidly and is driven by a booming population, increasing healthcare expenditure and growing penetration of smart wearable devices in the region, especially in the emerging economies of the region.
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Wearable Medical Device Market Competitive Outlook
Fitbit Inc., Motorola Solutions Inc., LG Electronics Inc., Honeywell International Inc., Medtronic PLC, Qualcomm Inc., Sony Corporation, NIKE INC., Omron Corporation, Philips, Apple Inc., and Boston Scientific Corporation are prominent players of the global wearable medical device market.
Wearable Medical Device Industry News
Alpha-Stim, the wearable electrotherapy device by Electromedical Products International, has been approved by the U.S. FDA for alleviating anxiety, depression, and chronic & acute pain without side-effects.
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Hair Transplant Market Overview
Market Research Future (MRFR) predicts the hair transplant market to garner a CAGR of 24 % over the evaluation period of 2017-2023. The market valuation is expected to be worth USD 23,881.9 million by 2023.
The surgical technique of transferring healthy hair follicle from the donor site to a bald site or recipient site is called hair transplantation.
The increasing concern about the aesthetic appeal is identified as a significant driving factor for the global hair transplant market. The changing lifestyle is predicted to triggering the adoption of hair transplant among people. The high rate of success on surgical treatment is likely to bolster the growth of the hair transplant market over the review period. The high rate of hair restoration in males after surgery is also likely to shoot up the growth curve of the global hair transplant market. Strategic agreements, partnership, and mergers are also contributing to the expansion of the global hair transplant market growth. The immense possibilities is bolstering new product launches. This is creating scope for attracting investments for research and developmental activities. These activities are concerned with the enhancement of surgical techniques. Hence, the market is gaining traction for generating revenues. This, in turn, is envisaged to escalate the global hair transplant market growth.
Hair Transplant Market Segmental Analysis
The segmental analysis of the global hair transplant market provides a comprehensive understanding of the market. This helps in the identification of numerous growth opportunities. Thereby, influencing the market growth. The global hair transplant market study has been segmented based on type of surgery, surgical methods, and end-user.
Based on the surgery, the hair transplant market has been segmented into head hair transplant, eyebrow transplant, and frontal hairline lowering or reconstruction. The surgery segment is estimated to exhibit the fastest growth rate.
Based on surgical methods, the hair transplant market has been segmented into follicular unit transplantation and follicular unit extraction. The follicular unit transplantation segment is envisaged to secure the largest share in the market.
Based on the end-user, the hair transplant market has been segmented into dermatology, hospitals, and trichology clinic.
Hair Transplant Market Regional Insights
The regional analysis of the hair transplant market provides information on the geographic progress of the market. Based on the region, the hair transplant market has been studied across the Americas, Europe, Asia Pacific, and the Middle East Asia and Africa.
The Americas is anticipated to lead in the global hair transplant market. Advancements in the hair transplant technologies and its high acceptance among people are anticipated to bolster the regional hair transplant market growth in the coming years. MRFR forecasts, the hair transplant market in the Asia Pacific region is to register a 24.3% CAGR over the assessment period. The presence of influential key players operating in the market, in the Asia Pacific region, is likely to foster the hair transplant market. The European hair transplant market is expected to be the fastest growing market and reach a valuation that is worth USD 3,647.3 million by 2023. The lack of awareness about hair transplantation in the Middle East Asia and African region is accounted for the moderate growth rate of the regional market.
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Hair Transplant Market Players
MRFR enlisted prominent companies operating in the hair transplant market. They are Restoration Robotics Inc. Company (US), Ethics hair instruments (India), Cole instruments (US), Bernstein Medical (US), MEDICAMAT (France), and Bosley (US).
Hair Transplant Industry News
May 2019: Silicon Valley Hair Institute announced as the best hair transplant clinics in San Francisco, California.
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Healthcare Claims Management Market Highlights
The healthcare claims management market is expected to demonstrate a CAGR of 5.37% during the forecast period (2018–2023), as per the latest analysis by Market Research Future (MRFR).
Healthcare Claims Management Market Drivers and Top Barriers
Healthcare claims management software is used for managing medical claims as well as reimbursement processes, allowing the healthcare providers to elevate their revenues by efficient claim management. In essence, healthcare claims management refers to a bilateral process between healthcare providers, patients, insurance provider, and the billing company. On account of the quick rate of expansion of the healthcare insurance sector in recent years, the healthcare claims management market is expanding rapidly.
Across the world, the healthcare claims management market is expanding at a significant pace predominantly owing to the burgeoning geriatric population, growing incidences of chronic diseases, elevated focus on healthcare quality services, and the emergence of inventive treatments as well as technologies. The increasing digitization coupled with the booming healthcare information technology (IT) market contributes considerably to the mounting market credentials. The expanding population mandates the need for high quality of coordinated care. The ever-expanding administrative as well as operational expenses in the healthcare industry leads to the need for cost-effective management of claims. As claims management provide practical solutions, compared to the traditional paper-based systems, the demand is set to escalate and influence the market positively in the future.
Some other crucial factors deciding the success rate of the market include the quickly growing healthcare infrastructure along with the increasing uptake of solutions that help manage the rising claims in the healthcare industry. On top of this, the technological advancements brought on by enhanced funding and favorable economic conditions are nurturing the growth of the healthcare claims management market.
Healthcare Claims Management Market Segmentation
The global market for healthcare claims management is segmented on the basis of component, delivery mode type and end-user.
The component-based segments in the market are software and services.
The modes of delivery covered by the report are on-premise and cloud based.
Type-wise, the market is considered for integrated and standalone.
The market, depending on the end-user, has been segmented based on healthcare payers and providers.
Healthcare Claims Management Market Regional Insight
Asia Pacific, Europe, North America, and the Rest-of-the-World are among the prominent regions where the global healthcare claims management market is set to expand in the near future.
The North America heads the global healthcare claims management market, backed by the sophisticated healthcare industry and favorable government policies. Also, the growing adoption of claim management solutions to avail growth in incentives is expected to stimulate the market growth in the region. In addition to this, the increasing investments within healthcare information technology (HCIT) combined with the presence of regulatory mandates encouraging the use of healthcare claims management solutions also lays a strong foundation for the market. The United States (US) and Canada are among the most profitable countries within the region, successfully implementing healthcare IT, as a result of which the regional market has advanced to considerable heights in recent years. Furthermore, surge in favorable government initiatives, regulatory framework, and innovations in this field have driven the market expansion to a large extent.
Europe has bagged the second position in the global healthcare claims management market, owing to the increase in digitization in conjunction with the rising focus on data integration as well as data governance for the elevated number of claims within the healthcare industry.
The claims management market in Asia Pacific benefits largely by the advancements in technology as well as the healthcare infrastructure. Besides, the mounting adoption rate of claims management systems as a result of the rising number of healthcare facilities within the area has transformed the regional market dynamics. Emerging nations such as India, Japan and China are accountable for the strong adoption of healthcare claims management products and services, contributing immensely to the regional market expansion.
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Healthcare Claims Management Market Top Players
The top vendors within the worldwide healthcare claims management market are IBM Corporation (US), Athenahealth (US), Optum, Inc. (US), Accenture Plc. (Ireland), eClinicalWorks (US), Allscripts Healthcare Solutions, Inc. (US), McKesson Corporation (US), nThrive (US), Oracle Corporation (US), Genpact Limited (US), Infor Inc. (US), Conifer Health Solutions (US), Avaya Inc. (USA), Cerner Corporation (US), Cognizant Technology Solutions Corporation (US), among others.
Latest Update
February 2019
Providence Health & Services (US) has acquired Lumedic Inc. (US), which provides platform for revenue cycle management on the basis of machine learning, patient-centric design and blockchain for claims processing.
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Arrhythmia Monitoring Devices Market Review
Market Research Future (MRFR) on global arrhythmia monitoring devices market reports that the market is expected to attain a CAGR 7.0% during the forecast period of 2018-2023.
Arrhythmia is characterized by the irregular rhythm of heartbeat. The fluctuation in the heartbeat is monitored by the arrhythmia monitoring devices. Tracking heart rhythm in arrythmia patients can assist medical professionals in pre-detection of serious threats. The outstanding benefit of the monitoring devices increasing adoption of arrythmia monitoring devices in several healthcare organizations. This in turn is increasing the arrhythmia monitoring devices sales number. Technical advancements are supporting production of more efficient arrhythmia monitoring devices. These are the market dynamics which are anticipated to foment the global arrhythmia monitoring device market.
Arrhythmia Monitoring Devices Market Segmental Overview
The global arrhythmia monitoring device market study is segmented into device type, service providers, application, and end use.
Implantable cardiac monitors, mobile cardiac telemetry devices, resting ECG devices, ECG stress test devices, Holter monitors, and others are the arrhythmia monitoring devices market segments, based on the devices type. The ECG and Holter monitor segments are likely to proliferate at an accelerated rate, thereby, contributing to arrhythmia monitoring market growth.
Mobile cardiac telemetry monitoring service providers, independent diagnostic testing facilities/clinics, and others are the market segments, based on the service providers. The emergence of ingenious mobile software that allows connectivity of arrhythmia patients to healthcare professionals is one of the factors expected to boost the service providers segment of the market in the nearing years.
Bradycardia, tachycardia, atrial fibrillation, ventricular fibrillation, premature contraction, conduction disorders, and others are the arrhythmia monitoring devices market segments, based on the application. Owing to the complications associated with the atrial fibrillation several initiatives are being taken like launch of new atrial fibrallation clinic by UNC AFib Care Network in 2018. An upsurge in the atrial fibrillation segment is predicted during 2018-2023.
Hospitals & clinics, ambulatory surgery centers, diagnostic centers, home care settings, long-term care centers, and emergency medical services are the market segments, based on end use.
Arrhythmia Monitoring Devices Market Demographic Insights
The North American region is expected to dominate the arrhythmia monitoring devices market in the upcoming years. Owing to the technical advancement in the US and Canada, they are anticipated to be the regional segments leading the market. Sedentary lifestyle and excessive smoking observed in majority of the North American population are instigating cardiac arrhythmia. This is creating scope for market players to invest in research and developmental activities for improving diagnostic techniques, hence, positively influencing the arrhythmia monitoring devices market in the region.
MRFR envisages Europe to grasp the massive market share during the forecast year of 2018-2023. Increase in cardiac morbidity in the region is triggering the need for designing effective diagnostic techniques and therapies. This is attracting huge investment for research and developmental activities, thereby, impel the arrhythmia monitoring devices market growth.
Prominent Companies
Cardiac Science Corporation, NUUBO Smart Solutions Technologies, Koninklijke Philips, GE Healthcare, Welch Allyn, Spacelabs Healthcare, Nihon Kohden Corporation, Fukuda Denshi, BioTelemetry, Inc, AliveCor, Inc, Biotronik, Medtronic, Abbott, Applied Cardiac Systems, Aurora Resurgence, iRhythm Technologies, Inc, Medi-Lynx Cardiac Monitoring, Preventive Solutions, Inc. are the important companies operating in the arrhythmia monitoring devices market as mentioned by MRFR.
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Arrhythmia Monitoring Devices Industry News
February 2019: A new ECG device named HeartCheck Cardi Beat, designed by CardioComm, received FDA clearance. CardioComm, provider of innovative software solutions that specialize in cardiovascular medicine information management system devised HeartCheck Cardi Beat.
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Laser Resurfacing Market Overview:
Laser resurfacing, commonly known as laser peel, lasabrasion, or laser vaporization, is a treatment for skin problems like facial wrinkles and acne scars. The process includes a laser beam to remove skin layer by layer. The global laser resurfacing market is fast gaining momentum and can rise with CAGR of 7.1% over the review period of 2017 to 2023. Market Research Future (MRFR) in their latest review of the global laser resurfacing market claims that the probability for the global market to gain acceptance is quite high.
The laser resurfacing market size is gaining strong traction from skin problems such as acne, wrinkles, skin pigmentation, and surge in intake of minimally invasive medical procedures. Rising expenditure in the healthcare sector is also expected to boost the market growth. But the high cost of treatment for skin diseases can be a hindrance for the market growth.
Laser Resurfacing Market Competitive Landscape:
Several companies are expected to launch tactical moves that will include merger, acquisition, product launch, collaboration, and others to ensure their own market position and provide thrust to the holistic growth of the market. These companies are Altair Instruments, Alma Lasers, Lynton Lasers Ltd, Quanta Aesthetic Lasers USA, Lumenis Cynosure, Inc., Lutronic Corporation, Cutera, Syneron Medical Ltd., and Sciton, Inc. MRFR profiled them in their recent report to enable understanding of the global market trends that can impact the laser resurfacing market growth.
Recent reports on laser resurfacing technology promotes an idea of combining this technology with plastic surgery that would help in masking the signs of ageing in a better way.
Laser Resurfacing Market Segmentation:
The global laser resurfacing market is segmented, as reported by MRFR, on the basis of type, products, indication, and end-user. Such a detailed segmentation holds sway over various factors that can impact the market in the coming years.
Based on the type, the laser resurfacing market can be segmented into ablative and non-ablative laser resurfacing. The ablative laser resurfacing includes erbium laser resurfacing, CO2 laser resurfacing, and others. The non-ablative laser resurfacing comprises infrared lasers, high impact light sources, fractional laser, and others. All these segments are playing an intrinsic role in taking the global laser resurfacing market forward, which can inspire the global market growth.
Based on the product, the laser resurfacing market can be segmented into laser skin resurfacing machine, laser tips, CO2 skin laser scanner machine, and others. The laser skin resurfacing machine market is expected to gain robust growth during the forecast period.
Based on the indication, the laser resurfacing market can be segmented into facial wrinkles, aging, acne scars, skin pigmentation, and others. The ageing segment is gaining substantial boost. The acne scar segment can also fetch in revenue sufficiently.
Based on the end-user, the laser resurfacing market comprises hospitals, dermatology clinics, home care, and others. Various dermatology clinics are expected to gain high traction.
Laser Resurfacing Market Regional Analysis:
Region-specific analysis of the global laser resurfacing market report includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). These four regions would help the global market in gaining strong grounds in the coming years.
The Americas is leading the market and would retain its market dominance in the coming years. This is due to the acknowledgement of growing number of skin diseases that are getting treated by laser resurfacing treatment. On the other hand, high per capita income and influence of the entertainment industry and social media can ensure better growth rate for the market in the region. The US, Canada, and Mexico, along with Argentina and Brazil from South America are expected to take the market ahead.
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Europe stands on the second place in the laser resurfacing market owing to a surge in demand for better diagnostic services. The region would also benefit from increasing investment in the research and development sector. The regional market with countries like Germany, France, and the U.K. fetching revenues substantially, is expected to gain strongly from the market.
The APAC market is witnessing strong growth in the emerging countries where the healthcare sector is getting revamped and better structured.
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Intravenous (IV) Solution Market Overview
Intravenous (IV) solutions are fluids that are intended to be injected directly into the venous circulation of individual patients who have deficiency in nutrients or suffer from serious cases of dehydration. The solutions are administered on to the patients whose body nutrients or fluid level falls beneath the standard requirement. These IV solutions are available in the market in various types for usage. Various companies provide packaged intravenous fluids or products to be mixed with sterile water in order to prepare a solution to be administered into the patient.
The global Intravenous (IV) solution market valuation is forecasted to reach USD 11,511.2 million by the end of the review period with a CAGR of 7.69% between 2016 and 2022. As mentioned previously, intravenous solutions are given to patients who are struggling with fluid volume level and deficiency of body nutrients. There are a number of reasons that can cause a drop in the fluid volume. Diarrhea and vomiting are two classic examples of the same, wherein individuals are encouraged to drink more fluids to balance out the electrolytes present in their body. Another cause of fluid volume can be blood loss. As they are consumed directly by the patient during such precarious situation, it is made under very strict regulations by the governments to ensure top-class results and constant availability at clinics, hospitals, and at home. The market demand for this product is surging ahead due to the rising prevalence of chronic diseases and a growing acceptance of Vitamin-C intravenous treatment therapy for treating colorectal cancer.
Intravenous (IV) Solution Market Segmentation
The global intravenous (IV) solution market is segmented in the following basis: type, end-users, and nutritional content.
By type, the market divides in to peripheral parenteral solution and total parenteral solution. With a market share of 66.9% in 2016, the total parenteral solution segment stood as the market dominator. The segment is expected to continue with its period of growth in the forthcoming years as well.
By nutritional content, the market holds carbohydrates, parental lipid emulsion, amino acid solution, vitamins & minerals, and others.
By end-users, the market includes ambulatory, home care, and hospitals and clinics. Hospitals and clinics segment tops the chart with over 40% of the market share under its belt, followed by ambulatory and home care segments, respectively. Both the ambulatory and home care segment will see rapid rise in terms of demand, however, hospitals and clinics segment is expected to hold on to its top position with continued growth and advancement.
Intravenous (IV) Solution Market Regional Analysis
The global intravenous (IV) solution market is growing at a steady pace. The regional market segmentation of intravenous (IV) solutions covers the following regions: Asia-Pacific, North America, Europe, and the Middle East & Africa.
As of 2015, North America held the largest market share of intravenous solutions. The regional market is expected to reach a market valuation of USD 6,543.4 million by the end of the forecast period at 2022. The growing market demand in this region can be attributed to factors such as the increasing acceptance of Vitamin C intravenous therapy treatment for colorectal cancer and the wide-spread prevalence of chronic diseases.
Europe holds the second spot in terms of the market share percentage and is expected to grow at desirable pace of 8.12% CAGR during the forecast period of 2016 to 2022. The Asia-Pacific regional market is believed to be fastest of the lot with a projected CAGR of 8.34% during the review period.
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Intravenous (IV) Solution Market Competitive Landscape
The intravenous (IV) solution market includes various prominent and leading market players, the names of some of which are mentioned herein: Grifols S.A. (Spain), Fresenius Kabi AG (Germany), ICU Medical, Inc. (U.S.), Terumo Medical Corporation (Tokyo), B. Braun Melsungen AG (Germany), Baxter (U.S.), Amanta Healthcare (India), and others.
February 26th, 2019, Heron Therapeutics, a biotechnology company focused primarily on improving the lives of patients with their best-in-class and innovative treatment proceedings, announced in a statement that the FDA of the US has provided them with the approval for Heron’s supplemental NEW Drug Application for CINVANTI injectable emulsion, for IV usage.
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Immunoassay Analyzers Market Scenario
Immunoassay analyzer is a device which measures the presence and concentration of proteins in analyte samples. These instruments are mostly used by pharmaceutical & biotechnological companies, laboratories, and research institutes. The global immunoassay analyzer market is driven by an increasing number of pharmaceutical and biotechnological companies, rising prevalence of different life-threatening diseases, and government’s initiatives for research & development activities. Furthermore, rapid development in diagnostic medical devices, increasing need for better drug treatment, and the increasing geriatric population had also fueled the market’s growth. On the other hand, high cost of instruments and poor reimbursement policies may restrain this growth during the forecasted period.
Immunoassay Analyzers Market Segmentation
The global immunoassay analyzer market is segmented on the basis of instruments, applications, and end users. On the basis of instruments, the market is classified into immunofluorescence, chemiluminescence, ELISA, enzyme linked fluorescent system, multiplexed assay system, radioimmunoassay and others. On the basis of application, the market is segmented into infectious diseases, autoimmune diseases, AIDS, endocrinology, drug monitoring, cardiology, oncology, allergy testing and others. On the basis of end users, the market is categorized into hospitals, diagnostic laboratories, research institutes, and others.
Immunoassay Analyzers Market Regional Analysis
The global immunoassay analyzer market is dominated by America, which is followed by Europe. Presence of huge diabetic and cancer population, large geriatric population, and well developed healthcare sector has driven this market’s growth in America. Europe immunoassay analyzer market is majorly driven by the presence of large number of pharmaceutical and biotechnological companies. Along with these, Asia Pacific also has the fastest growing immunoassay analyzer market due to rapidly developing economies with huge population base, mainly in India and China. However, the Middle East & Africa has the least market due to limited development in the healthcare sector.
Some of the major key player of this market are F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Ltd. (Germany), Abbott (US), Beckman Coulter, Inc. (US), Ortho Clinical Diagnostics (US), bioMérieux Private Limited (France), Biokit S.A (Spain), The Binding Site Group Ltd. (UK), Immunodiagnostic Systems (UK), Merck KGaA (US), Olympus Corporation (Japan), Nova Century Scientific, Inc. (US), Thermo Fisher Scientific (US), DiaSorin S.p.A. (Italy), and Randox Laboratories Ltd. (UK)
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Increasing prevalence of different types of chronic diseases is fueling the growth of this market. The global immunoassay analyzer market is a highly competitive market due to the presence of many small and medium companies. These companies are focusing on the development of new and advances devices, while some companies have adopted strategies of acquisitions and strategic alliances, this will consequently lead to this market’s growth.Hoffmann-La Roche Ltd, a Swiss multinational healthcare company, operates under two division, which are diagnostics and pharmaceuticals. In 2016, the company launched the new cobas e 801 module, which will help hospitals and laboratories to meet the demand of diagnostic testing. Cobas e 602 is one of the most widely used devices of this company.
Beckman Coulter, Inc., headquartered in California, US, is a manufacturer of biomedical laboratory instruments. In 2015, the company completed the acquisition of MicroScan from Siemens Healthcare. UniCel DxI 800, UniCel DxI 600, and Access 2 are some of the major immunoassay analyzer manufactured by this company.