Arrhythmia Monitoring Devices Market Analysis by SWOT, Investment, Future Growth, Segments, Application and Regional Forecasts, 2027 |

Arrhythmia Monitoring Devices Market Scope

Market Research Future (MRFR) claims that the arrhythmia monitoring devices market should progress at a rate of 6.44% from 2020 to 2027 (review period). The global market is also likely to USD 8,087.4 million by 2027.

Primary Boosters and Challenges

The COVID-19 outbreak has sent the arrhythmia monitoring devices market reeling with a number of challenges, in the form of travel bans and vulnerable supply chains. The lockdown has resulted in a huge demand-supply gap. There has been a sharp decline in the manufacturing rate across countries with the novel coronavirus causing the leading players huge losses. The relentless surge in the number of SARS-CoV-2 cases has been unfavorable for the business scenario, as economic conditions continue to deteriorate. Moreover, the healthcare industry is focusing mostly on bringing down these cases, which also works against the arrhythmia monitoring devices industry to some extent.

With that said, the arrhythmia monitoring devices industry has the potential to maintain a steady growth throughout the review timeframe, as telecardiology continues to gain traction. Mounting awareness regarding the host of benefits these devices offer, such as convenient monitoring, ease of use and portability also foster their adoption rate. Latest studies confirm that close to 20 percent of adults worldwide are most likely to experience several types of premature ventricular heartbeats. Another report reveals that over 850,000 Americans have to be hospitalized due to arrhythmia every year. These statistics have been soaring rapidly and therefore, raise the need for advanced equipment and tools that can ensure effective and continuous monitoring. Expanding elderly population, in tandem with introduction of new and more innovative cardiac management monitoring devices should foster the growth trajectory of the global market.

Emergence of smart cardiac monitors, heavy burden of heart ailments and the rise in FDA approvals can also translate into considerable revenue generation in the next couple of years. Besides, the heightened preference for cost-effective electrocardiogram devices, and firms spending generously on R&D activities to come up with systems with better features should also favor the global market in the following years. Players frequently make strategic moves such as production expansion, technical innovations, and acquisition to improve their market rankings. Companies are also working on leveraging the potential of artificial intelligence, IoT and big data by integrating these technologies into their devices, to enhance their appeal. 

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Arrhythmia Monitoring Devices Market Segmentation

Top segments considered in the study of the arrhythmia monitoring devices market include device type, application, and end user.

Device types analyzed in the report include mobile cardiac telemetry (MCT) devices, resting ECG, implantable cardiac monitor (ICM), Holter monitor, event monitor, among others.

Conduction disorders, premature ventricular contractions (PVC), tachycardia, ventricular fibrillation (V-fib), bradycardia and atrial fibrillation (A-fib) are some of the major applications covered in the report.

Home care settings, diagnostic centers, ambulatory surgery centers (ASC) and hospitals & clinics, are some of the top end-users in the market. The leading spot has been procured by the hospitals and clinics segment, which touched USD 1,740.0 Million in 2018.

Arrhythmia Monitoring Devices Market Regional Status

Arrhythmia monitoring devices industry can be regionally divided into Europe, Asia Pacific (APAC), MEA or Middle East and Africa as well as the Americas.

America has emerged as the most profitable market, on account of the easy availability of highly innovative and effective options for arrhythmia, such as artificial pacemakers, antiarrhythmic drugs and implanted defibrillators. The region’s favorable reimbursement policies and the vast pool of renowned firms that spend significantly on rigorous R&D activities also enhance the market share.

Europe is currently the second most lucrative market, given that the adoption rate of cardiac arrhythmia monitors in the region is significantly high in line with the escalating cases of cardiac disorders. In 2018, the lead was taken by Spain in the region, accounting for a share of 5.5% in view of the surging use of smartphone applications bridging the communication gap between patients and doctors. Moreover, with clinics and hospitals striving to include arrhythmia care in routine treatment procedures, the European market is bound to fare well in the years to come.

Asia Pacific should progress at the fastest rate in the following years, as a result of the exploding population and the continuous surge in the use of latest technologies like wearables such as fitness monitors, mobile monitoring systems and fabric monitoring systems. Soaring preference for compact, home‐based, and portable monitoring devices along with the improving reimbursement scenario will also benefit the APAC market in subsequent years.

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Arrhythmia Monitoring Devices Market Prominent Contenders

Some of the affluent firms analyzed in the MRFR market study are Spacelabs Healthcare (US), Biotronik (Germany), Abbott Laboratories (US), Medtronic plc (Ireland), Alive Cor, Inc. (US), BioTelemetry, Inc. (US), Fukuda Denshi Co. Ltd (Japan), Applied Cardiac Systems Inc. (US), Nihon Kohden Corporation (Japan), GE Healthcare (US), and more.

Endoscopy Device Market Prevalent Opportunities up to 2027

Endoscopy Device Market Insight

Global endoscopy devices market is expected to exhibit a strong 6.3% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global endoscopy devices market is profiled in detail in the report, providing detailed information on the market’s past, present, and future. Studied forecasts for the market’s growth over the forecast period are made in the report on the basis of a comprehensive study of the market’s past growth trajectory. Detailed information is also provided on the market’s leading drivers and restraints, allowing the reader to get a clear idea of the economic environment of the market.

Endoscopy devices are a special class of medical devices used to carry out internal examination or surgical procedures inside the body. An endoscope can be inserted into the body for the purpose of examining internal organs or for carrying out minor surgical procedures. The growing demand for screening and diagnosis of colorectal cancer is likely to be a major driver for the global endoscopy devices market over the forecast period. The prevalence of colorectal cancer has grown steadily over the last few years due to changes in the lifestyle and diets, leading to a growing demand for screening for the same. Colorectal cancer has quickly become one of the leading types of cancer all over the world, leading to a growing demand for screening and diagnostic procedures. The growing geriatric population around the world has also played a role in the increasing prevalence of colorectal cancer, as most colorectal cancer cases are detected in people aged 50 or more.

Endoscopy Device Market Competitive Analysis:

Leading players in the global endoscopy devices market include Richard Wolf, Pentax Medical, Fujifilm, Karl Storz GmbH & Co. KG, Olympus, Stryker Corporation, Cognetix, Micro-Tech Endoscopy, Cantel Medical, Interscope Inc., Shaili Endoscopy, J&J Services Inc., Integrate Endoscopy, and Cogentix Medical. Leading players in the endoscopy devices market are likely to focus on product development in the coming years in order to produce more capable and functional endoscopes.

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Endoscopy Device Market Segmentation:

The global endoscopy device market is segmented on the basis of types, therapy, treatments & procedures, application, accessory & processors, technology, end user, and region.

On the basis of type, the global endoscopy device market is segmented into flexible endoscopes, rigid endoscopes, capsule endoscopes, surgical endoscopes, and robot-assisted endoscopes.

On the basis of therapy, the market is segmented into colonoscopy, gastroscopy, arthroscopy, laparoscopy, sigmoidoscopy, endoscopic retrograde cholangiopancreotography, ureteroscopy, and cystoscopy.

On the basis of treatments & procedures, it is segmented into abdominal, gynecologic and pelvic organ conditions, joint and orthopedic conditions, lower gastrointestinal conditions, lung and airway conditions, upper gastrointestinal conditions, and urinary system conditions. The abdominal, gynecological, and pelvic organ conditions segment is further segmented into hernia repair, removal of the appendix, gallbladder, spleen, uterine fibroids, endometrial tissue, and ectopic pregnancy. The joint and orthopedic conditions segment is further segmented into repair of rotator cuff conditions, carpal tunnel syndrome, loose bone or cartilage, torn or damaged cartilage, tendons, and arthritis. The lower gastrointestinal conditions segment is further segmented into removal of colon polyps and treatment of bleeding from the colon. Lung and airway conditions are further segmented into lung abscess, removal of a foreign object in the airway, and opening of a narrowed airway. The upper gastrointestinal conditions segment is further segmented into removal of polyps and foreign objects, widening of a narrowed esophagus, treatment of hypertensive lower esophageal sphincter, Barrett’s esophagus, and esophageal cancer.

On the basis of applications, the endoscopy device market is segmented into gastrointestinal endoscopy, arthroscopy, obstetrics/gynecology endoscopy, urology endoscopy, bronchoscopy, mediastinoscopy, and otoscopy.

On the basis of accessory & processors, the market is segmented into accessory and processors.

On the basis of technology, the endoscopy devices market is segmented into video and fiber.

On the basis of end user, the market is segmented into critical care, gastroenterologists, general and pediatric surgeons, obstetricians-gynecologists (ob/gyns), and orthopedic surgeons.

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Endoscopy Device Market Regional Analysis:

The Americas hold the largest share in the global endoscopy devices market; the market in this region is expected to reach a valuation of USD 15,186.1 million by 2023. On the other hand, Asia Pacific is the fastest growing market and is expected to exhibit a robust 6.8% CAGR over the forecast period from 2017 to 2023.

Beauty Devices Market to Observe Strong Development by 2027

Beauty Devices Market Overview

Beauty devices have come ridiculously close to making the youthful skin a reality. Just a few years ago, the beauty treatments were sinfully expensive and highly specialized. Consumers had to either visit a dermatologist, plastic surgeon, or an esthetician to get the appropriate procedures to correct or manage their beauty concerns.

While some conditions and desired results would still demand a trip to professional, technological advancements in beauty devices have been exploding, and there are now a variety of options to treat head to toe beauty related concerns. As a result, the beauty devices market is growing radically heading with a wide range of varieties enabled with varying technologies.

The market growth of beauty devices is a little overwhelming to weed through. Acknowledging the phenomenal upsurges, the market is witnessing and gauging the potential of the market to go further in the years to come, Market Research Future (MRFR) in its recently published study report asserts that the global beauty devices market will grow exponentially, registering a CAGR 7.8 during the period (2017 -2023). 

In addition to the rapid urbanization, increased disposable income and better living standards along with the strong desire among consumers to look and feel young & beautiful are driving the growth of the beauty devices market. Moreover, rising prevalence of skin diseases such as wrinkles, acne, melisma (photoaging of skin) associated with excessive exposure to ultraviolet radiation and pollution, are contributing to the elevated growth of the beauty devices market, resulting in sunburns, reduced skin elasticity, and hair loss.

Additionally, the benefits obtained by the beauty devices are considered as one of the major driving forces. Simultaneously, the growing reach of the media has allowed manufacturers to expand their range and minimize recall value by offering a product suiting to consumer’s budget, body, skin, complexion type, and the environment. Furthermore, the growing requirement for brand differentiation in an increasingly competitive environment is expected to foster the market growth.

On the other hand, factors such as disadvantages or side effects such as discomfort, excessive swelling, and sensitive skin, bruising, and blistering, associated with the mishandling or wrong application of these devices, alongside some of the prevailing side effects occurring post-treatment are impeding the market growth. Besides, some devices belch intense pulsed light which can trigger the side effects, such as scarring, superficial burns, edema, and postoperative erythema may hinder with the growth of beauty devices market. 

Global Beauty Devices Market   – Segmentation

MRFR has segmented its analysis into five key dynamics for the convenience of understanding; 

By Technologies    : Comprises – Transcutaneous electrical nerve stimulation (TENS) technology, Wearable Devices, Lasers Invigorate  and others.

By Types                  : Hair Growth Devices, Acne Removal Devices, Rejuvenation Devices, Skin Derma Rollers & Hair Removal Devices, Cleansing Devices, Oxygen, Steamer Devices, Light/LED Therapy & Photo Rejuvenation Devices, and Cellulite Reduction Devices among others.

By Applications     : Instrumental Cosmetics, and Ultrasonic Infuser among others.

By End-User            : Professional (Spas, Salons, Clinic and others), and Personalized (At home) among others.

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

Global Beauty Devices Market   – Regional Analysis 

The North American is the leading market for beauty devices, globally, holding the largest market share owing to the technological advancement in beauty devices. Owing to the factors such as the well-developed technology, increasing patient with PCOS, rising aging population, and growing government support for research & development, the region is expected to further continue with its dominance in the future. Furthermore, increased R&D activities and the presence of major companies are fostering the market growth in the region.

The European region stands at the second position in terms of the market size of beauty devices owing to the government support for R&D and availability of funds for research. Germany among other European countries, backed by its expertise in medical devices market will support the market growth in the region to grow at a much higher rate than the industry average.

The APAC region has emerged as a promising market for beauty devices owing to the presence of rapidly developing healthcare technology and improving economic conditions in the region. The devices market in the APAC region projects a high growth rate in the years to come owing to the plentiful new product launches. High returns are rewarded to the majority of at-home beauty device firms that had the foresight to enter Asian beauty devices market. India and China among other APAC countries are anticipated to grow rapidly, commanding significant market shares. The beauty and personal care market in Japan, China, and Korea are also growing owing to the rapid economic development in these countries. 

Global Beauty Devices Market   – Competitive Analysis

The highly competitive, beauty devices market appears fragmented due to the presence of many well-established players having the global presence.

M&A activities, innovation, brand reinforcement, and collaboration remain the key trends for these players.  Manufacturers are striving to develop high-performance beauty devices powered by the latest technology and clinical advances.

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Beauty Devices Market Key Players:

Leaders in the global beauty devices market include Nu Skin Enterprises, L’Oreal S.A., Panasonic Corporation, Home Skinovations Ltd, Syneron Medical Ltd, TRIA Beauty Inc, PhotoMedex Inc, Procter & Gamble Co, Home SKinovations Ltd, Photomedax Inc., Lumenis Ltd., Carol Cole Company, Koninklijke Philips N.V., and Tria Beauty Inc.

Cell Culture Media Market to Witness Increase in Revenues by 2027

Cell Culture Media Market Dynamics

According to the latest report furnished by Market Research Future (MRFR), the cell culture market is exhibited to develop at a robust CAGR of 9.1% during the forecast period (2017-2023).

Growth Drivers and Key Challenges

Cell culture medium consists of a number of nutrients that promote the proliferation, growth, storage and maintenance of microorganisms as well as other types of cells including mammalian, stem cells, and other cell lines. There is a diverse range of culture media available in the international market for different cell cultures for surviving and growing in their incubation environment.

The cell culture media market will also be positively affected by factors like the increasing investments as well as funding for research and development (R&D) along with innovations in life sciences, particularly the biopharmaceutical products. On top of this, the expansion of the biosimilar industry at a substantial rate is a primary contributory factor backing the growth of the cell culture media market.

Despite the presence of favorable drivers, the dearth of skilled professionals could give a major blow to the growth of the market. On the contrary, the developing markets like India and China are projected to present various lucrative growth opportunities to the global market in the forthcoming years.

Cell Culture Media Market Segmentation

The cell culture media market has been segmented on the basis of type, application, and end-user.

Considering the type, the cell culture media market has been broken down into classical media, chemically defined media, protein-free media, lysogeny broth, serum-free media, and custom media. Among these, lysogeny broth happens to be the shareholder of the larger share of the overall market, amounting to 22.5% of the total market. On the other hand, the chemically defined media is exhibited to register the fastest growth rate of 9.6% during the evaluation time frame.

Application-wise, the cell culture media market covers segments like tissue engineering & biochemistry, cancer research, toxicity testing, drug discovery and drug development, genetic engineering, and stem cell research. Accruing almost 23.8% of the overall market share, the drug discovery and drug development segment is having a relentless run in the international market.

The end-users mentioned in the report include research laboratories, academic institutes, biotechnology & pharmaceutical companies, and pathology labs, where the biotechnology & pharmaceutical companies are expected to the dominating market, with its value being around USD 386.5 million in 2016.

Cell Culture Media Market Regional Analysis

In terms of the geographical distribution of the global cell culture media market, the key regions covered by the report are the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

Leading with the biggest share in the global cell culture media market, the Americas is profiting from the presence of superlative infrastructure, growing integration of cutting-edge developments in practice, and the technological brilliance within the region. The vast pool of patients provides immense traction to the regional market as well, coupled with the increasing number of research and development activities. These research and development projects are associated with cytological analysis of genomics, drug and vaccine development as well as proteomics.

Europe is making similar strides in the global market as well, resulting from the rise in R&D investments, surge in the advancements related to cell culture media, and strong demand for cell culture media. Other factors that facilitate the growth of the market include the advancement of animal-component free media along with the presence of automated cell culture systems that help decrease the lag times, in addition to improving the production capacity of the complete project. Data analysis predict that the demand for cell culture techniques will increase within the region in the years ahead.

In the meantime, Asia Pacific is another region making its presence felt in the worldwide market, surging at the fastest growth rate. The market owes its phenomenal growth to factors like the rising number of contract manufacturing as well as the outsourcing of cell culture technology. The hike in the demand for cell culture medias paired with the growth in the biopharmaceutical research has resulted in the favorable expansion of the regional market in the past couple of years.

Cell Culture Media Market Top Vendors

The top vendors in the global cell culture media market are BD Biosciences (U.S.), HiMedia Laboratories (India), Corning Incorporated (U.S.), Thermo Fisher Scientific (U.S.), GE Healthcare (U.S.), Merck KGaA (Germany), Lonza (Switzerland), and others.

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Cell Culture Media Market Recent Developments

May 2019

CN Bio has announced the development of a 3D cell culture system known as PhysioMimix. This lets the researchers layout assays, in addition to getting results at a faster rate. PhysioMimix will ensure that the scientists are able to mimic the structure as well as the function of human organs in the experiments being conducted in the future.

Contract Research Organization (CRO) Market By Global Industry Analysis, Segments, Top Key Players, Drivers and Trends

Contract Research Organization (CRO) Market Overview

The Global Contract Research Organization (CRO) Market is poised to grow at a CAGR of 11.48% during the forecast period and acquire a significant valuation.

Contract Research Organization (CRO) Market Dynamics

As the economy has changed, some medical firms have outsourced certain vital facets of their activities to overseas hospitals. The favourable conditions for the production of CROs have contributed to the successes of many CROs. Contract research companies benefit from economies of scale in which they can deliver cheaper costs to customers. The advent of new strategies for battling cancer has caused businesses to take advantage of advanced needs. The benefits from lower prices, then, will be carried on to the final customer, making life easy on the pocketbook. And thus, the factors of economies of scale, mutual benefit and emphasis on core competencies will drive potential growth of the industry.

R&D outsourcing would grow incrementally in both pre-clinical and clinical testing fields. The specialist design of this section, combined with the ever-tightening rules, is why the change is occurring. The high costs of clinical trials, and the cost savings by contracting out of clinical studies is another explanation for the need to subcontract clinical studies. Another explanation is that relationships between supply chains and risk control are becoming increasingly critical. Thus contracting out is done in part to boost output, increase productivity, speed production, and so on. It has thus become crucial to retain a strategic edge in today’s cut throat industry. The rising need in the pharmaceutical industry for research on cancer has driven businesses to outsource its specialist needs.

However, the contract analysis company market can be constrained by the high cost of labor and technological shifts in the sector, and other factors. In tandem with the fear of losing crucial in-house analysis skills, the high valuation of intellectual property associated with contracting research is contracting the industry. 

Contract Research Organization (CRO) Market Segmental Analysis

The global contract research organization (CRO) market is segmented on the basis of clinical trial phase, segment, and end users.

On the basis of segment, the market is segmented drug discovery, post marketing services, clinical development, and others.

On the basis of clinical trial, the market is categorised into phase I, phase II, phase III, phase IV, preclinical trials, and others.

On the basis of end users, the contract research organization market is segmented into medical devices companies, pharmaceutical/ biotechnology companies, academic institutes and others.

Contract Research Organization (CRO) Market Regional Overview

The Americas leads the global contract research company (CRO) industry because of a broad healthcare system that is well-developed and provides enough patients. However, changing lifestyle and related healthcare spending have played an important role in the growth of the sector. The proximity of developing economies such as the US and Canada would only enhance the business development in this area.

Second in global market share is Europe, followed by Asia Pacific. The availability of funds for research, a massive patient demographic, high healthcare costs, and government funding are expected to fuel the development of health business over the next few years. Europe was first split into Western and Eastern divisions. Western Europe was primarily responsible for the EU regional market, with most of the revenues originating from Germany, the United Kingdom, and France. However, Eastern Europe has the highest promise in terms of future development because it has the biggest untapped sector.

Owing to the prevalence of a large patient population, Asia Pacific is the fastest-growing region in the global market for contract research organizations, continually evolving economies such as India and China that have emerging healthcare per capita income. the Indian health care market is a rapidly-growing industry and is projected to progress at a CAGR of 22.87% over the next five years. Additionally, favorable government legislation drive the development of this sector.

In comparison to the developing countries, the Middle East & Africa has the least share in the global contract research organization market due to weak infrastructure and economic factors. The Middle East region retains the bulk of the business due to its well-established healthcare system and also due to the presence of developed economies of Saudi Arabia, Dubai, and Kuwait.

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Contract Research Organization (CRO) Market Competitive Landscape

The major players for the Global Contract Research Organization Market are  PAREXEL International Corporation. (U.S.), QuintilesIMS (U.S.), Laboratory Corporation of America Holdings. (U.S.), Pharmaceutical Product Development, LLC. (U.S.), INC Research LLC (U.S.), PRA Health Sciences, Inc. (U.S.), ICON plc. (Europe) and others.

Intravenous (IV) Solution Market To Experience A Hike In Growth By 2027

Intravenous (IV) Solution Market Overview

The emergence of the intravenous (IV) solutions market is attributed to the increasing geriatric population coupled with prevalence of malnutrition in the elderly population. This market is estimated to expand at a CAGR of 7.69% during the forecast period to reach a value of USD 11,511.2 million by 2022. The commonness of cancer is anticipated to quickly increment by around 70% in the following scarcely any decades. Stomach malignant growth is one of the main 5 diseases influencing the populace. These patients are ‘nil by mouth’ and need to depend on Total Parenteral Nutrition (TPN) for survival. Besides, a few patients enduring with cutting edge disease create anorexia, which decreases their survival time. These patients react inadequately to chemotherapy and experience the ill effects of raised harmfulness. This condition is reduced by fringe or all out parenteral sustenance.

An enormous partner of the populace over 60 years or more is available over the globe, which is inclined to creating gastrointestinal, cardiovascular, and neurological illnesses, wounds, and malignancies. Then again, headway in surgeries and medications has expanded the future. The various surgeries require medicinal consideration, thusly bringing about longer hospitalization. IV nourishment shapes a necessary piece of any treatment to satisfy dietary prerequisites and help in quicker recuperation in patients.

In July 2016, a state government in India suggested to all the hospitals regarding taking appropriate precautionary measures before the medical use of IV solutions. Programs including Special Nutrition Program, Integrated Child Development Service Program, and CARE Assisted Nutrition Programs, by the government to offset the existent problem of malnutrition in the country. These kinds of programs are estimated to propel growth of the global intravenous (IV) solutions market.

Intravenous (IV) Solution Market Competitive Analysis:

The key players operating in the global Intravenous (IV) solutions market include Fresenius Kabi AG, B. Hospira, Braun Melsungen AG, and Baxter. The players are trying to offer newer products for several health conditions.

Intravenous (IV) Solution Market Segmentation:

The global Intravenous (IV) solutions market is segmented based on type, nutritional content, end users, and region.

In terms of type, the global Intravenous (IV) solutions market is categorized into peripheral parenteral nutrition, and total parenteral nutrition.

Based on the nutritional content, the market is segmented into amino acid solution, carbohydrates, vitamins & minerals, parenteral lipid emulsion, and other.

Based on the end user, the market is segmented into hospital & clinics, ambulatory, and home care. Of these, the hospital and clinics segment stood largest share with a value of USD 3,111 million in 2016.

Intravenous (IV) Solution Market Regional Analysis:

Based on the region, the market is segmented into Europe, the Americas, Asia Pacific, the Rest of the World (RoW). Of these, the North America is estimated hold strong position in the global Intravenous (IV) solutions market owing to presence of the U.S. and Canada. Among these, the U.S. is estimated to hold the most shares in the market by the end of forecast period. Moreover, the industry giants are trying to offer newer products in the region as the investment in the healthcare is higher. Despite the demand of the solutions is high in the region; however, the U.S. experiences a shortage of saline solutions.

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However, Asia Pacific is anticipated to emerge as the fastest growing region during the forecast period owing to presence of India as a major consumer in the region. Increasing private funds and government initiatives in the region and especially in the country are likely to help the region in this growth.

Genetic Testing Market To Record An Exponential CAGR By 2027

Genetic Testing Market Overview

As per the assessment conducted by Market Research Future (MRFR), the global market for the genetic testing market is estimated to garner a market value of USD 22,834.19 million while thriving at a CAGR of 11.50% by 2024. Genetic testing is used in prenatal screening, diagnostics, and as a predictive tool.

The on-going technical development in genetic testing is anticipated to play a significant role in developing the global genetic testing market during the forecast period. The rising demand for genetic testing in oncology and the increasing adoption of genetic tests into clinical care is another salient factor that can drive the regional market. Furthermore, the growing demand for personalized medicine can be recognized a crucial factor that can augment the market size in the assessment timeframe. On the contrary, lack of expertise in developing and underdeveloped countries is expected to hamper the market growth. In addition, the high expenses associated with genetic testing is likely to affect the adoption rate and inhibit the market rise.

The outbreak of COVID-19 is likely to bring a negative impact on the market growth due to the temporary shutdown of testing labs and clinics, which brought a negative impact on the market.

Genetic Testing Market Segmentation

The global market for the genetic testing market can be segmented into method, type, and application.

The method-based segments of the global genetic testing market are molecular genetic tests/ DNA tests, chromosomal genetic tests, and biochemical, genetic tests. Among all, the molecular genetic test/DNA tests is anticipated to procure a market share of 11.78% during the review time.

The type-based segments of the global genetic testing market are prescribed genetic testing and direct to consumer genetic testing. Among all, the prescribed genetic testing is anticipated to procure a major market share while expanding at the highest CAGR by 2024.

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The application-based segments of the global genetic testing market are reproductive health, cancer screening, ancestry, predictive and pre-symptomatic testing, and others. Among all, the reproductive health segment is anticipated to lead the segment in the assessment tenure.

Genetic Testing Market Regional Analysis

As per the assessment conducted by MRFR, the Americas is anticipated to lead the global market during the forecast period. The region is expected to thrive at the maximum CAGR in the coming time. The increasing demand for personalized genetic testing and the favorable initiatives taken by the government are other salient causes that can grow the market in the coming time. APAC is anticipated to be the fastest-growing region during the review time. The increasing adoption of a sedentary lifestyle and the growing consumption of junk food is likely to play a salient role in driving the regional market in the assessment tenure. Developing countries such as; India and China are anticipated to make a notable contribution in developing the industry in the coming time. On the other hand, MEA is likely to witness the growing adoption of technology and increased government initiatives that can improve the healthcare infrastructure. In addition, the increasing prevalence of metabolic diseases in the region is likely to increase the demand for genetic testing and augment the market share of the region.

Genetic Testing Market Key Players

Some of the renowned players of the global genetic testing market are Blueprint Genetics (Finland), Bio-Rad Laboratories, Inc. (US), PerkinElmer Inc. (US), Myriad Genetics, Inc. (US), Illumina Inc. (US),  QIAGEN N. V.  (Germany), Eurofins Scientific (US), F. Hoffmann-La Roche Ltd (Switzerland), Abbott Laboratories (US), Quest Diagnostics Incorporated (US), BGI Genomics (China), and Thermo Fisher Scientific Inc. (US).

Genetic Testing Industry News

February 2021- Seneca Therapeutics has expanded its R&D pipeline to include six new armed gene therapy/oncolytic constructs directed against important cancer targets and indications.

February 2021– Scientists in Beijing have developed a new gene therapy that can reverse some of the effects of aging in mice and increase their lifespans. The therapy can be fruitful for humans in the future.

February 2021- Taysha Gene Therapies, a patient-centric, clinical-stage gene therapy company, which is focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the CNS, announced their collaborations with Cleveland Clinic and UT Southwestern Gene Therapy Program (UTSW_ to advance next-generation mini-gene payloads for AAV gene therapies for the treatment of genetic epilepsies and additional CNS disorders.

February 2021– Paragon Biosciences, a life science innovator, and cell and gene therapy and synthetic biology utilizing AI, has launched CiRC Biosciences, a cell therapy company, developing a treatment for severe diseases with an initial focus on the eye.

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mHealth Market Opportunity Analysis, Competitors Strategy, Sales Revenue, Emerging Technologies, Competitive Landscape And Historical Analysis Forecast To 2027

mHealth Market Overview

The mHealth market is anticipated to grow by US$21.71Billion by 2022 rapidly growing at a CAGR of 36.5% during the forecast period 2016 – 2022. The global mHealth market is driven by changing legal as well as regulatory workflow dynamics and the intense competitive rivalry. These factors have helped shape the mHealth market and are expected to boost the growth. Companies in the mHealth market could also face challenges such as lack of awareness and high cost of home healthcare devices. The details covered in the mHealth market report cover all the aspects of the industry. MHealth market analysts have also shared growth projections in the report and have suggested mHealth market players to plan growth strategies accordingly. 

mHealth Market Segmentation 

The global mHealth market has been segmented based on therapeutics and application. On the basis of therapeutics, the market for mHealth is segmented based on fitness & lifestyle, mental and neurological disorders, respiratory. Additionally, the market on the basis of application, is segmented into diagnosis & treatment, wellness & prevention, and monitoring. 

Factors like increasing growth of personal health devices and patients’ growing interest in personal healthcare products support the mHealth market growth. The performance of mHealth market has also been studied for the past and current years. Additionally, the mHealth market report provides analysis of these segments. The mHealth market segmental analysis provided in the report offers major details about the mHealth market performance and future. 

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mHealth Market Regional Overview 

Companies in the mHealth market are spread across the world. The mHealth market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mHealth market has many companies across the United States, Canada, and Mexico. Europe has companies in the mHealth market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the mHealth market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The mHealth market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mHealth market can be found in the market research report. An insightful blend of primary and secondary research material, including feedback from leading industry representatives, was used to conduct the analysis. In conjunction with an overview of the market players, the report provides a detailed market and competitor landscape. 

mHealth Market Competitive Landscape 

The mHealth market is supported by integration of smartphones along with wearables into the healthcare industry. The population growth around the world and increasing demand of mHealth market based services and products also support the market growth. However, the mHealth market growth can be affected due to lack of clarity about certain government policies in some parts of the world. The report covers all such details which will help companies in the mHealth market to strengthen their business plan and improve their product portfolio. The mHealth market research report also provides company profiles of major companies. The company profiles of many organizations operating in the mHealth market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the mHealth market. New companies and established businesses can plan their strategies based on this data provided in the mHealth market research report. 

mHealth Industry News 

Regionally or elsewhere, a recent fund launched by Minneapolis-based Davis has already been scooping up major hospital assets.  During the first quarter, the fund, renamed Davis Medical Investors, closed eight medical commercial buildings covering 309,735 square feet at a valuation of $112 million. Davis itself created three of such buildings.

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Beauty Devices Market 2021 Size, Share, Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Analysis

Beauty Devices Market Overview

The global beauty devices market had always been an ever-increasing space. Surprisingly, the market is continuously growing during the imposed lockdown to control the spread of coronavirus pandemic. Industry experts say that beauty products are witnessing this unexpected increase in sales as people like to look their best on video calls and behind masks. Also, the home-use beauty devices market is experiencing booming sales worldwide, especially in the American regions.

In Japan, although the economic growth is plunged into recession in the first quarter due to the coronavirus pandemic, the sale of beauty products in departmental stores are rising at a record rate. And even if, squelched production and exports are expected to grow worse with times, industry players are gearing up for the boost, reading the signs of recovery from consumers. They are setting up strategies and action plans to gain a larger competitive share during the COVID-19 crisis.

Market Research Future (MRFR), in its recent study on the COVID-19 impact on beauty devices market size, asserts that the market is expected to grow at 7.8 % CAGR during the review period (2017-2023). MRFR also confirms that the electronic beauty devices market and home-use beauty devices market is would witness a substantial rise due to the online beauty retailers. Dropping prices of these devices are acting as a key growth driver for market sales.

Online selling of skincare tools categories is estimated to rise 112% during the lockdown as customers prioritize home-use beauty care and look for products that give them comfort and a feeling of being looked after. 

Beauty Devices Market   – Segmentation

The report is segmented into four dynamics;

By Product            : Hair Care (Growth & Styling Devices, Hair Removal, others), Skin Care (Light/Led, Acne Removal, Photo Rejuvenation Therapy, Cellulite Reduction, others), Oral Care, and others.

By Application     : Personal & Commercial Purposes and others.

By End User          : Professional, Personalized, and others.

By  Regions           : Americas, Europe, Asia Pacific, and the rest-of-the-world. 

Beauty Devices Market   -Regional Analysis 

North America dominates the global beauty devices market. The largest market share attributes to the well-developed technology and increasing prevalence of polycystic ovary syndrome (PCOS) & hormonal problems among demographics of the region. Besides, the presence of a large consumer base and major industry players in the region fosters market growth. Moreover, increasing investments in research & development by major beauty device companies in the region drive the growth of the market.

 Europe stands second in the global beauty devices market. The growth is driven by the availability of funds required for research activities and the rising popularity of beauty devices for the home care convenience that they offer. Countries like Germany and France contribute to the regional market growth, majorly, with their increased investments in technologies required for the developments of devices, The European beauty devices market is estimated to create a substantial revenue pocket over the assessment period.

The Asia Pacific beauty devices market has emerged as a promising market globally. Factors such as the presence of rapidly developing technology, rising numbers of consumers, and high expenditures on the purchase of beauty devices drive the regional market growth. Moreover, increasing demand for home beauty treatments in countries like India and China substantiates the growth of the regional market. China commands the largest share in the regional market, followed by India due to the tremendous economic development. 

Beauty Devices Market   – Competitive Analysis

Highly competitive, the global beauty devices market appears fragmented due to the presence of many well-established players. To gain a larger competitive share in the market, players incorporate strategic initiatives such as mergers & acquisitions and collaboration. However, industry players accentuate on product launch, improvement, and brand reinforcement. 

Manufacturers strive to deliver the most high-performance device powered by the latest clinical advances and technology that can offer effective solutions for various beauty concern solutions. Some of the devices have even branched out with lower-priced options and men with male-specific devices to target new consumers. The immense revenue generation opportunities demonstrated by the market attract several new players, which, in turn, intensify the market competition. 

Beauty Devices Market Major Players:

Players leading the global beauty devices market include Nu Skin Enterprises, L’Oreal S.A., Panasonic Corporation, L’Oreal S.A., Home Skinovations Ltd, Syneron Medical Ltd, PhotoMedex Inc, Procter & Gamble Co, and Tria Beauty Inc., among others. 

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Beauty Devices Industry/ Innovations/Related News: 

May 18, 2020 — Foreo (Sweden), a beauty technology company, introduced its first IPL (intense pulse light) device – Peach to South Korean market, partnering with SK Hyundai Duty-Free dept. The peach device offers at-home hair removal, which eliminates the need for personal visits to salons for costly IPL services. Foreo further said that it is expecting the Peach to be the hottest device for summer 2020, particularly relevant during the era of COVID-19.

Foreo noted that it was already looking forward to recovering sales during the COVID-19 crisis. South Korea is among the markets in travel retail, already seeing a rebound in consumer spending. The hair removal category has experienced steady growth in Asia Pacific travel retail in recent years, especially with frequent travelers. The company hopes sales of the device to catch momentum when the recovery of travel retail begins.

Hair Transplant Market 2021: Growth Analysis, Company Profile, Emerging Technologies, Developments

Hair Transplant Market Overview

The global hair transplant market is expected to exhibit a strong 24% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The growing demand for hair transplants from emerging economies such as China is likely to be a vital driver for the global hair transplant market over the forecast period. The report examines the major drivers and restraints affecting the global hair transplant market and provides a clear overview of the market’s leading motivators. The economic background of the hair transplant market and regulatory factors set to affect the market in the coming years are also profiled in the report.

Hair transplant surgeries are performed to reduce or mask male pattern baldness. Donor grafts are surgically implanted onto the host’s body, mainly the scalp, to provide the latter with a full head of hair, which is the most often complaint associated with hair transplant surgeries. Growing awareness about advanced hair transplant procedures, which are safe and long-lasting, is likely to be a major driver for the hair transplant market over the forecast period. Legacy hair transplants were known for their unreliability, as surgical processes hadn’t advanced to a point where hair transplant surgeries could guarantee strong, thick hair for a lifetime. However, modern advances in cosmetic surgery and growing understanding about the skin surface and its interaction with various chemicals have led to a growing demand for highly developed hair transplant procedures. This is likely to remain a key driver for the global hair transplant market over the forecast period.

Growing prevalence of stress among the urban populace and the growing prevalence of unhealthy dietary choices that affect hair growth adversely have been the major drivers for hair fall conditions. The urban youth is likely to be a key demographic for the hair transplant market, as the rates of baldness manifesting younger in the individual’s life are increasing rapidly.

Hair Transplant Market Competitive Analysis:

Leading players in the global hair transplant market include Bosley, Ethics Hair Instruments, Bernstein Medical, Cole Instruments Inc., Restoration Robotics Inc., and MEDICAMAT. Major focus among the major players operating in the hair transplant market is likely to be on product development and getting regulatory approval in new markets. Inorganic growth strategies such as mergers and acquisitions are also likely to be widely applied in the global hair transplant market.

Hair Transplant Market Segmentation:

The global hair transplant market is segmented on the basis of surgical method, surgery type, end use, and region.

By surgical method, the global hair transplant market is segmented into follicular unit transplantation, follicular unit extraction, and others. The follicular unit extraction (FUE) segment is further sub-segmented into follicular isolation technique, robotic hair transplantation, and automated FUE hair transplantation.

By surgery type, the global hair transplant market is segmented into head hair transplant, eyebrow transplant, frontal hairline lowering or reconstruction, and others.

By end use, the global hair transplant market is segmented into trichology clinics, hospitals, dermatology clinics, and others.

Hair Transplant Market Regional Analysis:

The Americas dominates the global hair transplant market, followed by Asia Pacific. The growing volume of hair care treatments being performed in the U.S. and Canada is the major driver for the hair transplant market in the region. Growing prevalence of stress and psychological conditions in the region is likely to be a major driver for the hair transplant market in the region, especially concerning the demographic older than 30 years of age. Reduced levels of nutrition and hormonal changes past the age of 30 are also responsible for a growing risk of hair loss, especially in women.

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Asia Pacific is also likely to be a major regional market for hair transplants over the forecast period. The growing prevalence of stress in the urban population in Asia Pacific is a major driver for the hair transplant market in the region. Increasing disposable income of consumers is also likely to be a key driver for the hair transplant market in Asia Pacific.

In October 2019, Tsinghua University in Beijing, China announced the results of a study spanning 4,000 university students, showing that the problem of hair loss and baldness is increasingly becoming a problem of the young. The study showed that about 60% of the student population had suffered from some form of hair loss.

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