Aromatherapy Market Size, Share, Key Findings, Segmentation, Development Trends And In-Depth Analysis With Specifications

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.

Aromatherapy Market 2027 Insights Analysis and Company Profiles

Aromatherapy Market Overview

Aromatherapy is the usage of volatile liquid plant materials and various other aroma compounds extracted from plants that is used to affect the mood and health of individuals. It is generally associated with complementary and alternative medicine (CAM). The aromatic oils coupled with the aroma compounds of plants help improve the psychological and physical well-being of individuals. The latest in-depth research conducted by the team of Market Research Future, reveals a positive growth phase for the aromatherapy market with an expected reach of $4.3 billion by the end of 2023 and a projected CAGR of 6.18% during the review period of 2017-2023.

The research also identifies the various factors and constraints that are supporting or pulling down the market growth of aromatherapy. The global aromatherapy market size is influenced by key factors such as the large percentage of population opting for aromatherapy measures, the non-invasive nature of aromatherapy, the burgeoning lifestyle industry, and other factors. The modern-day lifestyle has brought forward problems such as stress, anxiety, sleep disturbances, etc. that have inflated the market. Moreover, various essential oils (EO) help increase the immunity level, fight against cold and breathing disorders.

Some of the market constraints include the increasing stringency of regulations like indications that a market player needs to provide. For instance, market players have the task cut out to mention whether the particular essential oil comes under cosmetic grade or therapeutic grade.  Also, the lack of precise guidelines and the toxic nature of essential oils is another big hindrance to the sector. Furthermore, there is little to no medical evidence concerning how effective aromatherapy is in preventing or curing diseases.

Aromatherapy Market Competitive Analysis

The global aromatherapy market includes various key players that are consistently coming up with new and innovative additions to the market. Some of the key players herein include Young Living (USA), Neal’s Yard Remedies (United Kingdom), Tree of Life (made by Jaroma), dōTERRA (USA), Muji (Japan), Nu Skin (USA), Air Aroma (USA), NOW Foods (USA), and Zija International (China).

Aromatherapy Market Segmentation

The global Aromatherapy market is segmented on the following basis: product, equipment, application, and therapeutic application.

By product: The market includes therapeutic application, equipment, application, and essential oils. Essentials oils are further narrowed down into citrus, green/vegetative, floral, spicy, herbaceous/camphoraceous, and others.

By equipment: The market includes ultrasonic diffuser, nebulizer diffuser, and heat diffuser.

By application: The market comprises inhalation, tropical, and aerial diffusion.

By therapeutic application: The market includes pain management, relaxation, skin and hair care, and other remedies.

Aromatherapy Market Regional Analysis

The regional market segmentation of the global aromatherapy market includes North America, Asia-Pacific, Europe, and Middle East & Africa (MEA).

The North American region holds the largest share of the global Aromatherapy market with the US being the most prominent nation contributing to the region’s growth. The dominance of the US region is due to the high per capita disposable income and increasing expenditure on the healthcare sector. Europe stands tall as the second largest market owing the presence of big hospitals and large disposable income. The market in Europe is spearheaded by France, followed by Germany.

The Asia-Pacific region is slated to the fastest growing region owing to the large unmet needs that is led by economic powerhouses like China and India. The Middle Eastern market will be led by countries like Saudi Arabia and UAE. Whereas, in Africa the region is expected to experience little to no growth owing to the poor economic and political situation.

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Aromatherapy Industry News

On January 2019, a new smart gadget named AROM was launched for the purpose of aromatherapy and scent layering. The gadget boasts the ability to mix and match your own personalized scents and one can even share the same via mobile application, AROM is said to be the next generation of aromatherapy and scent layering.

On January 2019, Major Brands, one of the premier retailers in India, launched the first ever Bath & Body Works store in Mumbai. The latter is regarded as one of the biggest and the most sought-after personal essentials and fragrance brands worldwide. The move will further expand the market for skin care products in India.

Structural Heart Devices Market: 2021 Global Sales, Size, Share, Competitive Analysis, Upcoming Opportunities And Forecast To 2027

Structural Heart Devices Market Overview: 

The global market report on the structural heart devices is on a path to score a CAGR of 10.4% during the forecast period of 2018 to 2023. Market Research Future (MRFR), in its report, dealt with several factors and restraints to understand the market flow.  

Factors included in the market report are the hike in investment for the research and development facilities, better inclusion of advanced technologies, and rising demand for minimally-invasive surgeries. Various private and public organizations are ensuring the maintenance of a proper line of investment flow during the forecast period. A surge in demand for minimally-invasive surgeries is providing scope for the incorporation of advanced technologies. In developing regions, growing development in the healthcare facilities is going to attract better investment and ensure a hike in market revenues.  

However, the high cost of products can be a restraint for the global structural heart devices market. In addition, stringent government policies can deter growth.  

Structural Heart Devices Market Competitive Landscape: 

There are several structural heart device companies that are impacting the market by launching new structural heart disease devices and implementing other strategies that include mergers, acquisitions, collaborations, spurring the investment in the research and development sector, and others. These companies are Medtronic plc (Ireland), Edwards Lifesciences Corporation (US), LivaNova plc (UK), Abbott (US), Boston Scientific Corporation (US), ST. Jude Medical, Biomerics, Comed BV, JenaValve Technology, Inc., Endologix Inc. (US)., Cook Group Incorporated (US), CardioKinetix, and W. L. Gore & Associates, Inc. (US). MRFR’s analysis of the market focuses on the recent developments made by these companies that will give know-how of how the companies are trying to perform in the coming days. This will also boost the strategy making policies.  

Structural Heart Devices Market Segmentation: 

MRFR analysts have segmented the global structural heart devices market into type, indication, procedure, and end-user to allow a better understanding of the market.  

By type, the global market study includes segments like occluders and delivery systems, annuloplasty rings, accessories, heart valve devices, and other devices. The heart valve devices include transcatheter heart valves and surgical heart valves. The segment of surgical heart valves comprises tissue heart valves and mechanical heart valves. 

By indication, the market study covers segments like cardiomyopathy, congenital heart defects, valvular heart disease, and others. Valvular heart disease includes regurgitation and stenosis. 

By procedure, the market report comprises segments like Replacement Procedures and repair procedures. The segment of Replacement Procedures includes TAVR procedures and SAVR procedures. The repair procedures are known for their segments like closure procedures, valvuloplasty, annuloplasty, and TMVR procedures. 

By end-users, the market report on the structural heart devices market includes ambulatory surgery centers, hospitals, and others. 

Structural Heart Devices Market Regional Analysis: 

North America would lead the global market for its easy incorporation of structural heart medical devices in the medical sector. High investment capacity can also boost the regional market growth. The Asia Pacific region would gain from growing investment in the healthcare sector and market expansion plans of the top plaayers who find the region as a profit-making opportunity. 

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Structural Heart Devices Industry News: 

In March 2020, Keystone Heart Ltd., a part of the Venus Medtech Company, declared that its TriGUARD 3 Cerebral Embolic Protection (CEP) Device products received European CE Mark. The device can be used to minimalize the impact of cerebral damage. The machine follows a path where it deflects the embolic debris away from cerebral circulation while the Transcatheter Aortic Valve Implantation (TAVI) and other transcatheter heart procedures are on. This will boost the global structural heart devices market. 

Endoscopy Device Market Overview, Global Size, Business Opportunities, Growth, Segments, Industry Profits And Trends By Forecast To 2027

Endoscopy Device Market Competitive Landscape

RICHARD WOLF, Micro-Tech Endoscopy, Cognetix, Stryker, PENTAX MEDICAL, Interscope Inc., Cogentix Medical, KARL STORZ Gmbh & Co. KG, OLYMPUS, J&J services Inc., Cantel Medical, Shaili Endoscopy, FUJIFILM, and Integrate Endoscopy are the key players in the global endoscopy device market. 

Endoscopy Device Market Overview

An endoscope is a specialized instrument intended for performing endoscopy, a procedure that allows diagnosis of interior parts of organs. They are used for both therapeutic and diagnostic purposes. Endoscopic procedures are used to treat and identify medical conditions such as non-cancerous polyp, gastric cancer, bile duct stones, and Barrett’s esophagus. The global endoscopy devices market size is anticipated to exhibit a CAGR of 6.3% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in an exhaustive study.

Endoscopy devices have become the first line of treatment in case of major infections and diseases. The growing popularity of minimally invasive medical procedures coupled with the prevalence of chronic diseases have generated high demand for endoscopy procedures and subsequently driven the global endoscopy device market.

Technological advancements in endoscopy devices have led to the development of improved endoscopy devices with reduced scope size, and other improvements which allow rotation and steering, ultra-high definition, and advanced imaging modalities which have further increased adoption of endoscopy devices among healthcare professionals.

Medical device manufacturers are outlaying massive amounts on R&D activities for the development of more innovative and minimally invasive endoscopy devices. Innovation in terms of hardware and software technologies in endoscopes have further opened a new era in endoscopic diagnosis. New product development and rise in the number of FDA approvals have also reflected positively on the growth of the global endoscopy devices market.

Improvement in reimbursement scenario for endoscopic procedures, expansion of healthcare expenditure, and rise in the number of hospitals, diagnostic centers with state-of-the-art facilities are other factors fostering the growth of the global endoscopy device market.

On the downside, risks of infection, piercing or a tear in the organ being treated, and bleeding are possible bottlenecks to the global endoscopy device market. 

Endoscopy Device Market Segmentation

The global endoscopy device market has been segmented based on type, therapy, treatment & procedure, application, accessory & processor, and end user.

By type, the global endoscopy device market has been segmented into flexible endoscopes, rigid endoscopes, surgical endoscopes, robot-assisted endoscopes, and capsule endoscopes.

By therapy, the global endoscopy device market has been segmented into colonoscopy, gastroscopy, sigmoidoscopy, endoscopic retrograde cholangiopancreatography, arthroscopy, laparoscopy, ureteroscopy, and cystoscopy.

By treatment &bprocedure, the global endoscopy device market has been segmented into lower gastrointestinal conditions, abdominal, gynecologic and pelvic organ conditions, lung and airway conditions, joint and orthopedic conditions, upper gastrointestinal conditions, and urinary system conditions.

The Abdominal, gynecological, and pelvic organ conditions segment has been further segmented into hernia repair, removal of the appendix, gallbladder, spleen, uterine fibroids, endometrial tissue, and ectopic pregnancy.

The Joint and orthopedic conditions segment has been further segmented into carpal tunnel syndrome, torn or damaged cartilage, tendons, arthritis, repair of rotator cuff conditions, and loose bone or cartilage.

The lower gastrointestinal conditions segment has been further segmented into removal of colon polyps, and treatment of bleeding from the colon.

The lung and airway conditions segment has been further segmented into lung abscess, removal of a foreign object in the airway, and opening of a narrowed airway.

The Upper gastrointestinal conditions segment has been further segmented into removal of polyps and foreign objects, treatment of hypertensive lower esophageal sphincter, widening of a narrowed esophagus, Barrett’s esophagus, and esophageal cancer.

The urinary system conditions segment has been further segmented into kidney stones.

By application, the global endoscopy device market has been segmented into gastrointestinal endoscopy, obstetrics/gynecology endoscopy, bronchoscopy, arthroscopy, urology endoscopy, mediastinoscopy, and otoscopy.

By accessory & processor, the global endoscopy device market has been segmented into accessory and processors.

By technology, the global endoscopy device market has been segmented into video and fiber.

By end user, the global endoscopy device market has been segmented into critical care, gastroenterologists, general and pediatric surgeons, obstetricians-gynecologists (ob/gyns), and orthopedic surgeons. 

Endoscopy Device Market Regional Analysis

By region, the global endoscopy devices market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas is leading the global endoscopy device market due to the presence of robust healthcare infrastructure, massive development within the healthcare sector and high healthcare expenditure in the region. The Americas market is expected to reach a valuation of USD 15,186.1 Mn by 2023.

Europe accounts for the second largest share of the global endoscopy device market. Growing emphasis on the diagnosis and treatment of cancer and other gastrointestinal diseases.

APAC market for endoscopy device is likely to showcase rapid growth over the forecast period. Massive unmet medical needs due to the prevalence of chronic diseases in the region present ample growth opportunities to the market. Expanding healthcare budget in emerging economies also act as a plus for the growth of the market.

The MEA market will be led by Gulf nations such as Qatar and Kuwait who are investing heavily on the development of the healthcare sector. 

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Endoscopy Device Industry Updates

In February 2019, OmniVision Technologies, Inc., a leader in advanced digital imaging solutions and Lighthouse Imaging, a medical contract manufacturer jointly announced the launch of a platform which is capable of integrating stereoscopic 3D imaging into endoscopes. The new platform is equipped with two CMOS image sensors and an image signal processor (ISP) from OmniVision, and camera control unit from Lighthouse. The new platform overcomes the complexity, size and cost constraints associated with the 3D endoscopy. 

Patient Monitoring Devices Market 2021 | Industry Analysis, In-Depth Analysis, Research, Growth, Latest Innovations, Revenue, Forecasts To 2027

Patient Monitoring Devices Market Overview:

The global report describing the details of the patient monitoring devices market reveals substantial possibilities for the market to achieve an impressive growth during the forecast period of 2016 to 2022. Market Research Future (MRFR) revealed various factors that can secure the growth path for the market. These are demand for better patient care, high inclusion of top-class technologies, increasing competition among various market players, hike in investment for research and delivery, and others. The global market would gain more from the recent changes made by the FDA in their monitoring policies. The digital patient monitoring devices market is expecting better boost.

Patient Monitoring Devices Market Segmentation:

The global market for patient monitoring devices market size is segmented in the report published by MRFR on the basis of product type and end users. These segments are rich with analyses of various market factors that can impact the market in the coming years. Gathered data from such reviews are expected to boost the tactical understanding of the market.

By product type, the global market report on the patient monitoring devices has been segmented into Portable bedside monitors, Temperature monitoring devices, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Central monitoring stations, Respiratory Monitors, Weight management monitors, Fetal and neonatal monitors, and others.

By end user, the market report on the patient monitoring devices can be segmented into Ambulatory care centers, hospitals and clinics, Home care, and others. The hospitals and clinics segment is predicted to boost the global market for better facilities and increased investment in the healthcare sector. Recent advancements in the technology is also providing thrust to the home care sector.

Patient Monitoring Devices Market Regional Analysis:

North America is slated to boost the global market for the patient monitoring devices market with high expenditure for the healthcare sector. The region is expected to get boosted by better technological inclusion and various reimbursement policies. The US and Canada are major countries in the region with top-class infrastructural benefits that is helping the growth. Remote patient monitoring statistics are showing better inclusion rate. 

In Europe, similar trajectories will be followed by countries like the UK, France, Germany, Italy, Switzerland, and others. In the Asia Pacific region, revamping of the healthcare sector in developing regions can support the regional market growth. India, China, Japan, South Korea, and others are registering notable progress.

Patient Monitoring Devices Market Competitive Landscape:

The global market for patient monitoring devices is getting ample traction from several sectors like Roche Diagnostics, GE Healthcare, KG, Abbott Laboratories, Siemens Healthcare, BIOTRONIK SE & Co. CAS Medical Systems, Inc., Philips Healthcare, Honeywell International, Inc., Spacelabs Healthcare, and Shenzhen Mindray Bio-Medical Electronics Co. Relying on strategic moves like mergers, acquisitions, collaborations, rising investment in the research and development sector, innovations, better technological inclusions, and others, these companies are expanding their market operations. Patient monitoring companies and market share have been mentioned in the report as well.

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Patient Monitoring Devices Industry News:

The recent attack of COVID-19 pandemic has forced a lot of hospitals to rely on their patient monitoring management system from far. This is to ensure more beds for the Covid-19 patients. This is also getting backed by FDA who are now launching special regulations to maintain a proper workflow.

In April 2020, GE Healthcare launched their new Mural Virtual Care Solution to provide assistance to doctors and nurses in taking proper care of their patients. This system is getting boost from a very efficient Microsoft Azure cloud platform. The system will help in effective handling of the clinical surveillance of intensive care unit (ICU) patients. It can also manage the mechanical ventilators that are mandatory in managing the COVID-19 patients. This endeavor is to reduce the chances of exposure to COVID-19 patients and contraction of the disease.

Chronic Disease Management Market To 2027: Top 10 Companies, Trends, Growth Factors And Forecast

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.

Wearable Medical Device Market Analysis, Future Plans, Technological Advancement, Growth Prospects Predicted By 2027

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.

Hair Transplant Market 2021: Global Analysis, Business Strategy, Development Status, Emerging Technologies, Future Plans And Trends By Forecast 2027

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.

Healthcare Claims Management Market Analysis By Development Status, Business Opportunities, Trends And Competitive Landscape

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.

Arrhythmia Monitoring Devices Market Analysis, Size, Share, Overview, Growth Analysis, Emerging Technologies And Trends By Forecast To 2027

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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