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Posted in Business, Healthcare, Medical

Beauty Devices 2018 Global Market Size, Status and Forecast to 2023

Beauty devices are the products and services which help in improving appearance of a person. These devices have various benefits as they are convenient to use and portable. The beauty devices help in cleansing the skin, and are also treat the aging-related problems such as wrinkles, acne, scars, spots and hair loss. The beauty products include hair removal devices, hair growth devices, hair styling devices, light/led, cellulite reduction devices, acne removal devices photo rejuvenation therapy devices and others.

The Global Beauty Devices Market is expected to grow at a CAGR of 7.8 % during the forecast period 2017-2023.

Beauty devices are attracting high attention of market, since the innovative technology is developing in almost every aspect of life. These beauty devices are accepted by the consumers. However, the presence of substitute with lower price and side-effects from beauty devices may hamper the upside move of the market over the review period.

Key Players

Some of key the players in the market are

  • L’Oreal S.A.,
  • Nu Skin Enterprises,
  • Panasonic Corporation,
  • Syneron Medical Ltd,
  • Home Skinovations Ltd,
  • TRIA Beauty Inc,
  • Procter & Gamble Co,
  • PhotoMedex Inc,
  • Tria Beauty Inc.

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Regional Analysis

The Americas dominate the global beauty devices market owing to well-developed technology, increasing patient with PCOS, rising aging population, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region. Some regions of Latin America are also expected to rise at a faster pace.

Europe holds the second position in the global beauty devices market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.

Asia Pacific is the fastest growing acquired beauty devices market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and China is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in healthcare, is projected to lead to the use of advanced equipment, which, in turn, will increase the market growth of the acquired aplastic anemia in the region. In the Asia Pacific region, China is commanding the largest market share owing to tremendous economic development and increasing aging population.

LIST OF TABLES

Table 1        Beauty Devices Industry Synopsis, 2017-2023

Table 2        Global Beauty Devices Market Estimates and Forecast, 2017-2023, (USD Million)

Table 3        Global Beauty Devices Market by Region, 2017-2023, (USD Million)

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Table 4        Global Beauty Devices Market by Product Type, 2017-2023, (USD Million)

Table 5        Global Beauty Devices Market by Application, 2017-2023, (USD Million)

Table 6        Global Beauty Devices Market by End Users, 2017-2023, (USD Million)

… Continued

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Posted in Business, Healthcare, Medical

Global Cochlear Implants Market Trends, Outlook, Overview and 2023 Forecast

Cochlear implants are used to aid the hearing defects in patients with severe of total hearing impairment. These implant has replaced the old hearing aid devices. Cochlear implants are equipped with an external sound processor containing microphones, battery, electronics assembly and other parts. The device stimulate the cochlear nerve through the use of a coil.

The Global Cochlear Implants Market is anticipated to generate a CAGR growth of 9.86% which is expected to reach USD 3,203.8 million by the end of forecast period of 2023.

Cochlear implants are used to treat the listening to problems in deaf sufferers. Those implant has replaced the vintage listening to aid devices. Many manufacturers are concerned in enhancing the nice and design of the cochlear implants. For the duration of the previous couple of years, there was a sizable increase within the call for cochlear implants. In step with the research completed with the aid of DeafandHoH.com, LLC. In 2014, 360 million humans international were suffering from moderate to profound hearing loss. moreover, in line with the facilities for disease control and Prevention, by using 2025, it is envisioned that 900 million people throughout the globe are probable to be afflicted by hearing impairment of which around 90 million of these human beings may additionally much more likely from Europe.

Key players in the Global Cochlear Implants Market:                                            

Some of the major players in this market are Advanced Bionics AG (Switzerland), MED-El (Austria), Cochlear Ltd (Australia), GAES MÉDICA (Spain), William Demant Holding Group (Denmark), Widex (Denmark), and Microson S.A. (Spain).

 Drivers

Technological advances and product development are the two most successful strategies used by the market leaders.

The large number of patients suffering from hearing impairments is the critical driver of the market. It is estimated that in 2014, almost 360 million patients worldwide were suffering from serious hearing loss. According to the Centers for Disease Control and Prevention, by 2025, an estimated 900 million patients are likely to suffer from severe hearing impairment. Thus a large unmet need is easily comprehendible.

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Other drivers of the market are rising geriatric population, and favorable reimbursement policies. According to the U.S. Census Bureau in 2015, 8.5% of people representing 617 million over age 65 years of age are suffering from hearing loss.

The growing demand for cochlear implants is the other driver of the market. According to the National Institute on Deafness and Other Communication Disorders estimates, approximately 324,200 registered devices were implanted in 2013 alone. Increasing healthcare expenditure and government support have fuelled the market growth.

Regional analysis      

The Americas accounted for the major share of the market owing to the presence of huge patients suffering from hearing loss, well-developed technology, high healthcare expenditure, and government support for the research & development. According to the National Institute on Deafness and Other Communication Disorders, in 2015, over 15% of American adults i.e. 37.5 million aged 18 and over were suffering from hearing problems. Additionally, the presence of a number of leading players and favorable reimbursement policies have fuelled the growth of the market.

Europe accounted for the second largest cochlear implants market, which is followed by the Asia Pacific. Increasing number of patients suffering from hearing problems, ear infection and other diseases have boosted the growth of the market. The high healthcare expenditure in this region is likely to provide a push to the growth of the market. Furthermore, increasing government support and funding for the development and treatment improvement have fuelled the growth of the market.

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The Asia Pacific is the fastest growing cochlear implants market across the globe. Increasing need for better devices, rapidly improving technology, and the presence of huge patient pool drives the growth of this market in Asia Pacific region.

…Continued

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Muscle Stimulator Market Outlook and Worldwide Forecast to 2023

The muscle stimulators use electric powered contemporary to elicit contraction in muscle tissue or nerves. The electrical sign has intensity and frequency which mimics the nerve signal device.

Global Muscle Stimulator Market is expected to reach $ 768.3 million by the end of 2023, this market is projected to growing at a CAGR of ~ 6.1 % during 2017-2023.

The muscle stimulator market is likewise witnessing excessive technological development. The producing of scientific devices in preferred and muscle stimulators particularly is also present process changes. The contemporary technological advancements consist of active studies in frequencies and energy of electric cutting-edge used for muscle stimulation. Increasing miniaturization and portability of the muscle stimulator gadgets is another development this is using the boom of the market.

Market fragmentation and falling profit margin are significant threats to the market. The rise of low cost manufacturing economies such as China are challenging the high-tech segment. The muscle stimulators market credibility is being challenged by the rise of spurious low quality products. There has been cases of burns and skin irritation due to improper use of these low quality muscle stimulators.

The muscle stimulator market is also becoming more customer oriented and there is increasing demand for personalization and customization which has created the demand for smart muscle stimulators. The muscle stimulators today are a far cry from what they use to be. The latest hi-tech muscle stimulators use the advanced software’s which can set the device into a predefined cycle with suitable shifts. The latest muscle stimulators have started getting synchronized with mobiles. Mobile apps will eventually contain all the data in one single point. Connected healthcare muscle stimulators seems to be the future due to their cost reducing effect and the ability to converge data at a single point for analysis.

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Global Muscle stimulator Market Players:

Key players profiled in the report are DJO Global, Inc., Mettler Electronics Corp., Axiobionics, Zynex, NeuroMetrix, Inc., OMRON Corporation, Tone-A-Matic.

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Brief TOC

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

2.5 Market Structure

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3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

…Continued

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Point of Care Technology Market Survey and 2023 Future Outlook

Point of Care Technology is named as a time while clinicians supply healthcare services and products to sufferers. Point of Care Technology consists of diagnostics, devices for documentation, and others. factor of care documentation devices smooth the workflow, reduces errors in a scientific responsibilities including diagnostics, remedy prescribing, and medicinal drug management, that allows you to indirectly increase the growth of the marketplace. Moreover, growing incidence of the sicknesses and growing research and development centers.

The Global Point of Care Technology Market is expected to grow at a CAGR of 9.5% during the forecast period 20172023.

Furthermore, rising healthcare expenditure, and increasing awareness among the people regarding the point of care diagnostics products, are some of the factors that are expected to fuel the market growth. On the other hand, higher cost of the point of care technology is may affect the growth of the market negatively during the forecasted period. Moreover, development in the diagnosis of patients with chronic diseases, for instance, diabetes, and growing medical technology are likely to increase the growth of the market. In point of care technology, it provides ease of diagnosis where the patient is seen at home. The point of care testing devices in the healthcare focuses on quality rather than test volume, which is expected to boost the growth of the market over the review period.

Complexity of documentation in the point of care technology may hinder the growth of the market during the forecasted period.

Taste the market data and market information presented through more than 105 market data tables and figures spread over 100 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “point of care technology market research report–Global forecast till 2023.”

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Key Players in the Global Point of Care Technology Market

Some of the key players in this market are Abbott (U.S.), Johnson & Johnson Services, Inc.(U.S.), Techno MedicaCo., Ltd. (Japan), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens AG (Germany), Alere Inc. (U.S.), Instrumentation Laboratory (U.S.), PTS Diagnostics (U.S.), Nova Biomedical (U.S.), Beckman Coulter, Inc. (U.S.) BD (U.S.), Quidel Corporation (U.S), Meridian Bioscience Inc. (U.S).

Brief TOC

1    Report Prologue

2    Market Introduction

2.1    Introduction

2.2    Scope of Study

2.3    Research Objective

2.4    Assumptions & Limitations

2.4.1    Assumptions

2.4.2    Limitations

3    Research Methodology

3.1    Research Process

3.2    Primary Research

3.3    Secondary Research

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4    Market Dynamics

4.1    Drivers

4.2    Restraints

5    Market Factor Analysis

….TOC Continued

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Kidney Stone Market Outlook and Worldwide Forecast to 2023

Kidney stones are hard mineral deposits inside the kidneys that can cause severe pain and discomfort. The Global Kidney Stone Market is growing at a steady pace and it is expected to grow at a CAGR of 4.0% during the forecast period of 2017 – 2022. There are a number of protuberant factors associated with this global kidney stone market. Growing demand for minimally invasive procedures driven by the surging preference of these is one of the major drivers contributing to the market growth.

The preference to minimally invasive procedures is driven by their success rate which is 75-100%. Additionally, according to the National Kidney Foundation, it has been found that more than 73 million adults have high blood pressure and 29 million adults are suffering from diabetes which are the major reason for urolithiasis.  That being said, continuously recorded and increasing instances of urolithiasis in the adult is leading to the rise in the prevalence of kidney stone disorder across the globe.

Another major reason driving the prevalence of kidney stone disorders is population and poor nutrition. According to experts, individuals who are predisposed to hunger and sub-par nutrition are prone to kidney disorders and thus, add to the total global prevalence to a great extent. With such growth factors the market size is expected to reach $3,000 million in 2022 from $2,277.4 in 2016.

Global Kidney stones Market – Competitive Analysis

The key players profiled in Kidney stone are Boston Scientific Corporation, Convergent Laser Technologies, DirexGroup, Siemens Healthcare GmbH, C.R. Bard Inc, Cook Medical Inc., Dornier MedTech GmbH, Richard Wolf Medical Instruments Corporation, Olympus Corporation, and Stryker Corporation.

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Globally there are various players operating in this market. With well-established market in the North America region major companies have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other regions as well. Moreover there are other small and medium scale players that generate revenue from local market.

Minimally invasive procedures for the treatment of kidney stones has been the major factor influencing the growth of the market. A majority of industrial competitors involved in this market have been keen on introducing advanced products for minimally invasive procedures. In November 2016, Boston Scientific Corporation introduced Dakota Nitinol Stone Retrieval Device with OpenSure Handle in US and Europe market. This kidney stone retrieval device is designed to allow to release and capture kidney stones of multiple sizes from complex stones as large as 10 millimeters to fragments as small as one millimeter. This product will support the company to imprison its position and resolve a few challenges faced during ureteroscopy procedures. Adding to this in May 2017, Lumenis a well know medical device company launched its New Moses holmium technology in the American Urological Association Annual Meeting. To this technology Dr. Andrew Symes, Consultant Urological Surgeon said “The Moses technology provides a greater sense of control due to minimized retropulsion. This is particularly valuable when dusting large stones in the kidney, but also when dealing with upper ureteric stones”. These advancements are collectively influencing the growth of this market positively.

Furthermore the kidney stone treatment market has turned into a critical factor in the global urology industry. Through extensive research it is found out that the market players have adopted the strategy of acquisitions in the market. In 2016 Boston Scientific acquired Distal Access, LLC with its product line gynecology and urology. Distal Access a U.S. based company involved in manufacturing minimal invasive devices. This acquisition will help Boston Scientific reduce the pressure of developing minimal invasive devices. The gynecology and urology devices manufactured by Distal Access will be integrated into the Boston Scientific urology and pelvic health business. Be that as it may, in February 2016, Stryker Corp announced a definitive agreement to acquire Synergetics USA, Inc.’s Neuro Portfolio.

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Regional Analysis of Global Kidney Stones Market                   

The Americas region accounted for the largest share of the global market, which had a lion share of 50.8% in 2016, as a result of increasing prevalence of kidney diseases, growing emphasis on healthcare, and rising demand for treatment measures.

Europe is the second largest market that holds a noticeable share of the global kidney stones market. The European market is expected to grow significantly during the forecast period owing to increasing investment in healthcare and rising number of patients with renal diseases.

….Continued

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Laser Therapy Market Outlook and Worldwide Forecast to 2023

The Global Laser Therapy Market is expected to grow at a CAGR of 9.2% during the forecast period 2018-2023.

Therapeutic laser therapy is the most preferred technology for the treatment of various diseases like cataract and arthritis. Moreover, other applications of lasers in therapeutics includes the branches of dentistry, dermatology, aesthetics, and others. The global market for laser therapy is expected to grow at an exponential rate owing to an increase in the demand for advanced technology for minimally invasive therapeutics, rising geriatric population, and increasing prevalence of cataract, arthritis, periodontal diseases, and others.

As per the Arthritis Foundation, as the world’s population continues to age, it is estimated that disorders such as osteoarthritis will impact at least 130 million individuals around the globe by the year 2050. Moreover, in 2016, according to the American Society of Plastic Surgeons, 586,662 minimally-invasive cosmetic procedures were performed for laser skin resurfacing.

Key Players

The key players for the global laser therapy market are

  • Angiodynamics, Inc. (U.S.),
  • Biolase Inc. (U.S.),
  • Valeant (Canada),
  • IRIDEX Corp. (U.S.),
  • Cutera (U.S.),
  • Coherent, Inc. (U.S.),
  • Alma Lasers (Israel)

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Segmentation:

The global laser therapy market is segmented on the basis of type and application.

On the basis of type, the market is segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.

On the basis of application, the market is segmented into dermatology and aesthetics, surgery, dental, and others. The surgery segment is further segmented into urology, ophthalmology, and others.

Brief TOC

1    Report Prologue

2    Market Introduction

2.1    Introduction

2.2    Scope of Study

2.3    Research Objective

2.4    Assumptions & Limitations

2.4.1    Assumptions

2.4.2    Limitations

3    Research Methodology

3.1    Research Process

3.2    Primary Research

3.3    Secondary Research

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4    Market Dynamics

4.1    Drivers

4.2    Restraints

5    Market Factor Analysis

….TOC Continued

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Global Clinical Intelligence Market Trends, Outlook, Overview and 2023 Forecast

The Global Clinical Intelligence Market is expected to grow at a CAGR of 12.5% during the forecast period 2018-2023.

Clinical Intelligence includes number of software solutions for clinical data management. It involves software for Revenue Cycle Management (RCM), clinical decision support, financial management and medical records management. It is used to improve an organization’s productivity, reduce cost, improves patient engagement, safe financial resources and time.

Rising demand for healthcare software solutions, growing emphasis on electronic health records and adoption of information technology for delivery of care propel the market growth. Also, presence of large number of market players providing healthcare software solutions further boost the market growth. Furthermore, evolution in healthcare IT and continuous technology up gradation will drive the market.

Taste the market data and market information presented through more than 120 market data tables and figures spread over 200 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Clinical Intelligence market research report–Global forecast till 2023.”

Major Players in Clinical Intelligence Market:

Some of the key players in the global market are IBM (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Allscripts (U.S.), QSI Management, LLC (U.S.), General Electric Company (U.S.), eClinicalWorks (U.S.), McKesson Corporation (U.S.), and Greenway Health, LLC (U.S.)

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The report for Global Clinical Intelligence Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

Regional Analysis of the Global Clinical Intelligence Market    

America is the largest market for clinical intelligence owing to an increasing extensive use of software solutions for healthcare administration and available resources. North America accounts for the largest market share owing the presence of major healthcare IT companies enjoying global presence namely IBM, Allscripts, GE Electric Company and QSI Management, LLC. According to National Coordinator of Health Information Technology, patient engagement EHR functionalities became more prevalent in the U.S. hospitals from 2013 to 2015. Furthermore, the use of Decision Support System is found to be increasing among tertiary care centers in the U.S.

Europe is the second largest market for clinical intelligence which is estimated to adopt a steady growth in the near future due rising number of healthcare providers using clinical management softwares and technological advancement in healthcare IT especially EHR and patient engagement platform.

In Asia Pacific, the market is expected grow at the fastest rate with factors such as rising demand for healthcare IT, increasing healthcare expenditure and rising number of healthcare software solution providers. Furthermore, increasing burden of diseases and increasing demand for patient records management also boost the market growth during the review period.

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The Middle East & Africa also show a steady rise in the market owing to low demand for healthcare IT, especially in Africa owing to low healthcare expenditure and need for primary care services.

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Telehealth Industry Overview, Trends and Market Growth Analysis 2023

The Global Telehealth Market is anticipated to develop at a wholesome CAGR of 29.eight% during the forecasted period 2018-2023.

Telehealth or telemedicine is a style of turning in health care services to sufferers by the usage of conversation technologies to facilitate the prognosis, treatment, session, schooling care control, and others. Telehealth acts as a bridge to improve the relationship between patient and healthcare companies as well as for improving affected person satisfaction & behavioral adjustments via offering healthcare steerage and treatment. It affords self-management and caregiver’s support to the sufferers.  Telehealth is used to reveal the continual sicknesses in addition to to monitor disorder from home.

There are top notch advantages offered through the telehealth solutions. A number of those include stepped forward get admission to the patients; telehealth can allow us to provide healthcare offerings to the sufferers located in distant places. It also lets in physicians & docs to increase their attain and offerings beyond their clinics. Telehealth offerings have also proved to be cost effective with expanded efficiency through higher management of continual illnesses. And additionally it reduces the travel time for the sufferers which similarly reduced costs for the sufferers. A lot of these advantages have attracted healthcare services companies to adopt telehealth technology and the demand for the equal has been at the upward push ever seeing that.

The worldwide telehealth marketplace is pushed by using increasing occurrence of chronic diseases, rising geriatric population, and continuous improvement inside the healthcare generation; as in keeping with information, extra than 50% of the whole globe populace have some or different persistent disorder. Furthermore, speedy development within the technology, growing healthcare expenditure, and increasing want for the house based gadgets have fueled the marketplace growth. However, lack of understanding and unavailability or much less availability of the required infrastructure in many parts of the arena which includes the underdeveloped Asian and African regions can also slow the increase of the market.

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Competitive Analysis

Some of the major players for the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), Global Media Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US).

The global telehealth market is highly fragmented with the presence of many local and international players. Whereas, local players are more focused on the cost reduction and innovation to ensure sustainability in the global market. On the other hand, the international players implemented growth strategies through collaborations and partnerships with the small players to expand their global market share.

Koninklijke Philips N.V., headquartered in the Netherlands, focused on electronics and healthcare. The company manufactures a number of telehealth devices used in hospital and at home. Some of the major telehealth softwares developed by the company: eICU Outreach Program, eCareManager, eCareCoordinator.

Medtronic, headquarters in Dublin, Ireland, is a medical device company. The company is one of the world’s largest standalone medical technology developers. In 2017, Medtronic Care Management Services (MCMS) awarded a national contract from the U.S. Department of Veterans Affairs (VA) for Home Telehealth Technologies.

Regional Analysis

America account for the largest market share in the global telehealth market on the account of increasing prevalence of chronic diseases and well-developed technology. Europe is the second leading market in the global the global telehealth market, which is followed by Asia Pacific. Asia Pacific is the fastest growing telehealth market. As per statistics, more than 55% of diabetic patients in the world live in Asia Pacific region.

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China and India is the growing market for telehealth. Rapidly increasing diabetic & obese population, development in healthcare sector, and increasing digitalization in healthcare industries have created a major market for the telehealth. The Middle East & Africa holds the least share in global telehealth market.

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Global Medical Tourism Market Trends, Outlook, Overview and 2023 Forecast

Medical tourism or health tourism refers to visiting overseas to a overseas country for the purpose of searching for healthcare services. The sports aren’t confined to handiest surgical intervention and can contain medical take a look at-ups, and different practices that require professional scientific interventions. In keeping with OECD estimates, nearly 50 million medical vacationers travelled to the emerging international locations in 2016.

The Global Medical Tourism Market is growing at a steady pace and it is expected to grow at a CAGR of 21.4% during the forecasted period 2017-2023.

The Medical tourism market is been driven by factors such as rising geriatric population, high cost of treatment in developed countries, availability of cost-effective and quality treatments in developing countries, development of effective travel especially air travel, assistance from tourism departments and local governments, availability and spread of latest medical technologies throughout the world, high penetration of health insurance, development of communication technology, and others.

The rise of in-vitro fertilization, surrogacy, retro-production has also stimulated the market. International accreditation is a key factor boosting international medical tourism. Currently, over 600 health facilities in the world are accredited by the U.S. Joint Commission International (JCI), which is growing by 20% each year.

The market restraints are limited coverage and insufficient reimbursement offered by insurance companies, difficulties associated with cross border travel, such as cultural barriers, connectivity issues, documentation, and VISA approval issues, and others.

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Key Players in the Global Medical Tourism Market                                  

Some of the key players in this market are

  • Asklepios Kliniken Verwaltungs gesellschaft mbH (Germany),
  • Fortis Healthcare (India),
  • Gleneagles Global Hospitals Group. (India),
  • Prince Court Medical Centre (Malaysia),
  • Samitivej PCL (Thailand),
  • Christus Muguerza (Mexico),
  • Anadolu Medical Center (Turkey)

Regional Analysis of Global Medical Tourism Market              

The market is spurring at the rapid pace due to growing awareness and the improvements in the service conditions provided by medical tourism providing vendors. Asia Pacific has the lion’s share of greater than 40% in 2016 of the medical tourism market, followed by the Americas. Malaysia, Thailand Singapore, Taiwan, India, South Korea, and are the dominating nations in the Asia Pacific market. India has specialized in cardiac procedures, Thailand in cosmetic surgery and Singapore is renowned for complicated surgical procedures.

The Americas is led by nations such as Ecuador, Mexico, Costa Rica, Venezuela, and Cuba. The Central and South American economies have specialized in plastic surgeries owing to their tourism destination status for Americans and Canadians. The America medical tourism market is anticipated to reach USD 102,496.8 million, growing at a CAGR of 22% during the forecast period of2017 to 2023.

Europe is expected to be led by the x-soviet economies of Slovakia, Poland, Ukraine etc. the inclusion of Poland and Romania in the European Union is expected to be the strongest driver of the market. The Middle East and Africa market is expected to be one of the fastest growing due to increasing investment on healthcare and the development of large hospital complexes such as the King Fahd hospital in Riyadh, Saudi Arabia.

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Posted in Business, Medical

Companion Diagnostic Market Outlook and Worldwide Forecast to 2023

The Global Companion Diagnostics Market is expected to show steady growth owing to the demand for new diagnostics tests and devices for cancer and other life threatening diseases. Furthermore, growing emphasis on early diagnosis and treatment of cancer may lead an increase in the demand for diagnostic services in developing countries.

The Global Companion Diagnostics Market is growing rapidly and expected to grow at a CAGR of 6.1% during the forecast period.

Then again, there are some hindering factors which are limiting the marketplace boom. Incorrect results from the take a look at can lead to the inadequate treatment being given to the patient main to the critical complications and damaging effects. The inaccuracy within the test increases the danger element for the sufferers and it by some means hinders the increase of the marketplace. Furthermore, high cost of sturdy diagnostic gadgets which includes PCR system may restrain the marketplace boom.

According to the American Cancer Society, prostate cancer is the most common cancer among males (19%), followed by lung (14%) and colorectal (9%) cancers and among females, breast (30%), lung (12%), and colorectal (8%) cancers are the most common. Furthermore, the market is expected to grow in Asia Pacific due to an increase in the burden for cancer in this region.

Taste the market data and market information presented through more than 87 market data tables and 39 figures spread over 108 numbers of pages of the project report. Avail the in-depth TOC & market synopsis on “Companion Diagnostics Market Research Report –Global Forecast to 2023.

Global Companion diagnostics Market Players:

The major participants of this market are Abbott (U.S.), Agilent Technologies (U.S.), ARUP Laboratories (U.S.), F. Hoffmann-La Roche AG. (Germany), Myriad Genetics Inc. (U.S.), QIAGEN N.V. (Germany), and Thermo Fisher Scientific Inc. (U.S.).

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Key Finding

  • The companion diagnostics global market and is expected to reach USD 12,647.5 million by 2023
  • PCR based companion diagnostics holds the largest share of 53% of the market
  • America holds the largest market share of companion diagnostics market in 2016 and is anticipated to reach USD 5093.2 million by the end of forecast period
  • Asia Pacific the fastest growing region and expected to grow at the rate of 16% during the forecast period

Regional Analysis: 

Globally, Americas is the largest market for companion diagnostics. In Americas, North America is the major contributor to the companion diagnostics market owing to an expensive use of advanced diagnostics devices, and alarming need for cancer diagnosis and treatment. According to the American Cancer Society, 1,688,780 new cases are expected to be diagnosed in 2017 in the U.S. It also stated that cancer is the second most common cause of death in the U.S. Furthermore, nearly 41 out 100 men and 38 out of 100 women are expected to develop cancer in their lifetime.

Europe is the second largest market after Americas. Factors attributing to the growth of this market in Europe are rising demand for efficiency in healthcare and strengthening healthcare system. Germany is the largest market in Europe due to the presence of major market players in this regions and growing demand for technological advancement.  Furthermore, the prevalence of cancer is also found to be increasing among European population.

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Asia Pacific market is expected to be the fastest growing market for companion diagnostics due to continuous development in countries such as India and China, and increasing healthcare expenditure in these countries. Rising prevalence of lifestyle disease such as diabetes, obesity and cancers also boost the market growth in Asia Pacific.

Middle East & Africa are expected to have a limited but steady growth owing to low healthcare expenditure and demand for primary healthcare services in this region.

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