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Overview
Cellulite production has swelled in recent years due to poor nourishment, static postures, dehydration, inflammation, eating habits, alcohol intake, among other factors. The MRFR report predicts that the market will earn a revenue level of USD 1,086.44 million at a CAGR of 8.97% by 2027.
Most corporate employees with cellulite are working on their wellbeing and fitness to amplify their productivity. Resultantly, many firms are partnering with clinics and hospitals to help their staff stay healthy. The cellulite treatment market size is motivated by the tremendous influx of female population in metro centers due to employment as younger employees are more health-conscious and press for a better physique to avoid medical problems.
The foremost players in the cellulite treatment market are Nubway (China), Zimmer Aesthetics (Germany), Skinrex Co., Ltd. (South Korea), Cymedics (Germany), Tanceuticals, LLC. (US), Cynosure, Inc. (US), Inceler Medikal Co. Ltd. (Turkey), Syneron Medical Inc (US), Hologic Inc. (US), Cutera (US), Beijing Sincoheren S & T Development Co., Ltd, (China), Candela Medical (US), and Merz Pharma GmbH & Co. KGaA (Germany).
Segmental Analysis
The segmentation of the cellulite treatment market has been conducted based on cellulite type, treatment procedure, region, and end use. The cellulite treatment market is divided into three segments based on end use: specialized dermatological clinics, hospitals, and ambulatory surgical centers. The cellulite treatment market has been segmented based on treatment procedures into minimally invasive, non-invasive, and topical treatment. The cellulite treatment market has been divided into three segments based on cellulite type: soft cellulite, hard cellulite, and edematous cellulite. The region segment of the cellulite treatment market includes North America, Asia-Pacific, Europe, and other important regions.
Detailed Regional Analysis
The regional assessment of the cellulite treatment market includes North America, Asia-Pacific, Europe, and other important regions. North America will have the greatest cellulite treatment market share in 2020, owing to well-established product development research groups, the availability of novel treatment products, the consumption of unhealthy diets, and the significant desire for the sculpted figure. The primary players are expanding their operational facilities across the region, collaborating in collaborations and partnerships, and launching new products to drive economic interests. Due to the transformation of healthcare infrastructure, the construction of R&D facilities, and increased awareness about body contouring and physical wellness, the Asia-Pacific cellulite treatment market is estimated to be the fastest regional market.
Competitive Analysis
The continuation of occasional lockdowns in numerous regions may cause the market expansion to be hampered if resources such as labor and supply chains are severely impacted. The global market is expected to diversify in operational techniques as innovative models for operation and delivery are implemented. Government assistance is expected to support worldwide market development in the next years. Due to the return of COVID cases in many locations, the market may exhibit constrained growth. It is projected that the emphasis on accumulating reserves of resources to deal with unexpected crises would impact future market trends. Market developments and research are expected to generate attractive growth opportunities in the next years. The reliance on online commerce for sales is expected to increase significantly during the forecast period, prompting market stakeholders to invest more in its growth.
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Market Insights
Healthcare research and the high demand for food are key areas where next-generation sequencing is being used extensively. Increasing genetic disorders are being diagnosed which has drastically increased the demand for next-generation sequencing. Moreover, the use of this technology in drug discovery is significant and expected to drive growth as the demand for effective drug therapies increases.
global Next-Generation Sequencing Market is expected to increase value of USD 10300 million during the projected quarters of 2022-2030, The market is estimated to grow at 11.5% CAGR by 2030. Also known as massive parallel sequencing or high throughput sequencing technology, next-gen sequencing has been transformative for the field of genomic research as it allows the sequencing of a complete human genome in a very short amount of time. During the process, the genetic material is extracted, fragmented, and associated with various factors for amplification. As such, this technology is highly effective and advanced thus driving its adoption and growth. The improved speed and reduced costs are expected to drive market growth. Use in clinical applications, agricultural applications, and forensic applications are growing rapidly.
Increasing awareness, employment of various growth strategies and ongoing technical advancements are expected to provide the market with ample opportunity for growth. However, the high initial cost of implementing technologies, and the requirement for storage of large volumes of data as well as a lack of skilled workforce to run the technology are challenges to the growth of the Next Generation Sequencing market.
Key Players
Oxford Nanopore Technologies, Ltd., BGI, Pacific Biosciences of California, Inc., PerkinElmer, QIAGEN N. V., Eurofins Scientific, Agilent Technologies, Macrogen Inc, Illumina, Inc., and Thermo Fisher Scientific, Inc. are among the notable market players that have been included in MRFR’s competition tracking of the global next generation sequencing market.
Market Segmentation
Analysis of the markets several parts are included in MRFR's segmental analysis which has been performed on the basis of technology, service & product, application, end-user, and region.
The technology used in next-generation sequencing includes whole exome sequencing, CHIP sequencing, whole genome sequencing, methyl sequencing, targeted resequencing, de novo sequencing, and RNA sequencing, next generation sequencing data analysis.
By service & product, the next generation sequencing market has been segmented into consumables, sample preparation, platforms & services for platforms, and sequencing services. The sample preparation segment is further divided into end repair, A-tailing & size selection, quality control, library preparation & target enrichment, and DNA fragmentation. Other sub-segmentations have been mentioned and expounded on in the report.
Applications of next-generation sequencing include genetic screening, drug discovery, diagnostics, agriculture & animal research, and others.
End-users of next-generation sequencing include hospitals & clinics, academic institutes & research centers, pharmaceutical & biotechnology companies, and other end-users.
Regional Analysis
The global next generation sequencing market is segmented into key regions which include the Americas, Asia Pacific, Europe, and the Middle East & Africa. North America in the Americas region is slated to lead the market with the largest share due to the high competition between market players in the region as well as the rising demand for next-gen sequencing in the healthcare sector of developed economies such as the US and Canada. Moreover, the presence of a significant healthcare sector in the region combined with growing investments in healthcare toward the development of therapies for chronic diseases will push growth during the forecast period.
The European region has the second largest market due to the significant R&D activities that take place in the region with regards to various fields including healthcare. The presence of pioneering next-gen sequencing technology market players are expected to make an impact on the market. However, growth here is restrained due to regulations and fragmentation of the market across Europe.
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Cerebral palsy is defined as a group of disorders that affect muscle movement and coordination, which in many cases, impairs vision, hearing, sensation and others senses. Cerebral palsy is a congenital disorder of movement, muscle tone or posture and can affect a person’s posture, balance and ability to move, communicate, eat, sleep and learn. According to the Centre for Disease Control 1 to 4 out of every 1,000 children across the globe are affected by cerebral palsy, thereby creating a strong demand for dia gnosis, and treatment for the condition which will drive growth for cerebral palsy market.
The cerebral palsy market is anticipated to reach USD 3,287.51 Million by 2030 at 3.20% CAGR during the forecast period 2022-2030.
Competitive Overview:
Allergen Plc, Cellular Biomedicine Group, Merck & Co., Inc., Pfizer, Inc., GlaxoSmithKline Plc, Abbott Laboratories, Acorda Therapeutics, Inc., Medtronic, Meridigen Biotech Co., Ltd., GW Pharmaceuticals Plc, and Cell Cure Neurosciences Ltd. are some of the key players in the global cerebral palsy market.
Segmentation
The cerebral palsy market has been segmented into type, diagnosis, and treatment.
On the basis of type, cerebral palsy market has been segmented into hypotonic cerebral palsy, spastic cerebral palsy, ataxic cerebral palsy, dyskinetic cerebral palsy, and mixed cerebral palsy.
By diagnosis, CP market segmentation includes imaging tests and others. The imaging tests segment has been further classified into computed tomography, magnetic resonance imaging (MRI), cranial ultrasound, and electroencephalogram.
Based on treatment, cerebral palsy market has been segmented into therapy, medication, surgery, cerebral palsy drugs and others.
Regional Market Summary
Geographically, the Americas region is anticipated to dominate the global cerebral palsy market owing to a well-developed healthcare sector, rising prevalence of cerebral palsy and growing healthcare expenditure. Additionally, favorable reimbursement scenario in this region and a relatively large number of research and development (R&D) activities contributes to the growth of the market.
Europe is expected to hold the second largest position in the global cerebral palsy market. The market growth in this region is attributed to the growing prevalence of cerebral palsy, availability of funds for research, and increasing healthcare expenditure. According to the data stated by the National Institute for Health and Care Excellence (NICE) in 2017, in the UK, it is estimated that 1 in 400 babies are born with cerebral palsy. It also stated that approximately 1,800 children diagnosed with CP each year.
The cerebral palsy market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, continuously developing economies, rising prevalence of cerebral palsy and increasing government funding for the healthcare sector.
On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to a well-developed healthcare sector and growing government initiatives for the healthcare sector.
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Overview:
The global nutraceutical excipients market is growing pervasively. The market growth is mainly driven by the burgeoning nutraceutical sector. In 2017, the market had reached USD 3104.96 Mn and is expected to value at USD 4818.70 Mn. by 2023. Excipients are inactive components added to nutraceuticals during its production to help stabilize the ingredients. Nutraceutical excipients perceive augmenting demand, which in turn, substantiates its market size globally.
Hike in investment related to healthcare, transforming lifestyle triggering various diseases, and others are major factors that can significantly inspire the growth rate of the market. The growing awareness among people regarding health benefits, an increasing number of products entering the pipeline, and others can inspire the growth of the market. On the other hand, stringent regulations can hold back the growth rate in the coming years. But the market can bank on the developing technologies for better growth assistance.
Competitive Landscape:
A lot of companies are trying to make the market for the global nutraceutical excipients prosper with high growth opportunities. These segments are known for extensive participation in taking the market ahead. MRFR recorded their recent steps to gauge in which direction the market is moving and find better growth possibilities there. These companies are Ingredion, Cargill Corporation, Kerry, Sensient Technology Corporation, Associated British Foods plc, JRS PHARMA, Roquette Freres SA, DowDupont, Innophos, Inc., and Hilmar Ingredients.
Segmentation:
The global market for nutraceutical excipients is set to find a segmentation in the report that would be based on form, function, type, and application. These segments have a better acceptance of various factors that can be taken into consideration to understand how the market can chart the future path.
By function, the market for nutraceutical excipients can be segmented into fillers, diluents & bulking agents, disintegrants, binders, lubricants, sweeteners, coating agents, and colors & flavors. The fillers, diluents & bulking agents have a chance to expand at 8.34% CAGR during the forecast period.
By form, the market for nutraceutical excipients can be segmented into liquid and dry. The former has a better market share. It has a coverage of almost 55% of the global market. It had a market valuation of USD 1 Bn in 2017. The dry segment can score a 7.34% CAGR during the review period.
By application, the market for nutraceutical excipients can be segmented into omega-3 fatty acids, proteins & amino acids, probiotics & prebiotics, and vitamins & minerals. The probiotics & prebiotics segment had the market command in 2017 when it had coverage of 47.5% market share. Its CAGR would be impressive. However, the vitamins & minerals segment has the chance for growth with a CAGR of 7.92% during the forecast period.
By type, the market report that includes nutraceutical excipients can be segmented into artificial and natural/organic. The artificial segment had better market dominance in 2018. But growing consumer awareness can inspire a better intake of the natural/organic nutraceuticals products.
Regional Analysis:
The Americas have a high chance of contributing the maximum revenues in terms of fetching from the profit. The regional market has North and South America. North America includes the US and Canada where various global nutraceutical excipients market players are gaining hike from increasing chronic diseases, high health-related investment, better awareness, assistance from various policies, and others are expected to create better provision for the global market. Various changes in the lifestyle have influenced a hike in various diseases like diabetes, respiratory issues, and others. The market in Europe is expected to establish itself as the second-best market. Its resemblance to North America can inspire better market growth. Health cost expenditure in the region is quite high owing to which the market can witness better growth. Its intake as a preventive measure is quite high in the region.
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Market Drivers and Key Barriers
Optical imaging refers to a technology that holds great potential to improve the mode of treatment, disease diagnosis, and prevention in the hospital operating room. This technology offers a host of benefits compared to radiological imaging techniques. Optical imaging technique makes use of non-ionizing radiation and reduces the patient’s radiation exposure, which gives way to numerous studies over time. It also helps differentiate soft tissues from native soft tissues or the tissues that posses exogenous or endogenous contrast media using various photon absorption profiles at different wavelengths. Optical imaging is a highly responsive imaging technique which can be used by easily combining it with other imaging techniques.
The optical imaging market is expected to be of value USD 3.44 billion in 2030 and to grow at a 9.7% CAGR during the forecast 2022-2030.
Pharmaceutical and biomedical industries make heavy demand for radiation-free imaging techniques, which accelerates the popularity of optical imaging. Surging prevalence of neurological as well as ophthalmological disorders among the worldwide population could accelerate demand for imaging diagnosis, thereby elevating market growth. Technological advancement coupled with increasing government support that benefits the healthcare industry paves the way for several growth opportunities.
Some other growth-inducing factors driving market growth include quick adoption rates of technically advanced devices, highly-developed research infrastructure, and growing number of skilled professionals. Technological advancement has led to complete transformation of medical science, where optical imaging stands as the most affected aspect. This has revolutionized the healthcare industry by increasing the ability to detect a higher number of diseases.
Market Segmentation
The worldwide market for optical imaging has been segmented on the basis of products, techniques, therapeutic area, application, and end-user.
With respect to the type of product, the market comprises imaging systems, software, lenses, illumination systems, cameras, and others. Imaging systems can be sub-segmented into optical imaging systems and spectral imaging systems.
Technique-wise, the market covers optical coherence tomography (OCT), photoacoustic imaging, diffused optical tomography, hyperspectral imaging, near-infrared spectroscopy, and super-resolution microscopy.
Depending on the therapeutic area, the market covers oncology, ophthalmology, neurology, cardiology, dermatology, dentistry, and others.
Considering the application, the market caters to pre-clinical and clinical research, pathological imaging, and intraoperative imaging.
The end-users in the market include hospitals and clinics, diagnostic imaging centers, pharmaceutical &biotechnology companies, and research laboratories.
Regional Insight
Based on the geographical distribution, the market for optical imaging has been studied in the primary regions of Europe, the Americas, Middle East, and Africa and Asia Pacific.
The Americas has been identified as the largest market for optical imaging. Rising prevalence of neurological, ophthalmic, and cardiovascular disorders among the geriatric population triggers market growth in the region. Moreover, a boost in the number of government initiatives along with funding for research within the medical devices sector stimulates market growth. Mounting demand for accurate diagnosis, high awareness regarding the adverse effects of radiation imaging, and presence of highly regarded pharmaceutical companies work in favor of the market. Also, vast patient pool in the region is expected to augment market demand in the years to come.
Europe stands as the second leading market for optical imaging. The robust share is the result of existence of advanced treatment facilities, high healthcare expenditure, and well-developed healthcare infrastructure. The flourishing medical device industry backed by the efforts of prominent players adds to the market strength. Plus, rising knowledge with regard to the benefits of optical imaging compared to radiation imaging spurs the market growth in the region.
Asia Pacific could expand at the fastest rate, holding the most promising growth prospects. A 2014 report by the department of neurology reveals that among the present population of 1.27 billion, close to 30 million people are afflicted with neurological disorders only in India. Therefore, the huge patient pool combined with the fast rate at the healthcare technology is catching up, the regional market is bound to note excellent gains in the near future. The region also benefits from various government initiatives that help improve healthcare quality and the availability of favorable insurance policies. Apart from this, the lower cost of clinical trials and several research companies striving to set up their regional headquarters as well as manufacturing plants in China, Singapore, Korea, Australia, and Japan could mark an optimistic market outlook in the subsequent years.
Middle East & Africa could showcase poor growth in the global market. The factors holding back the market include limited access and availability of treatment facilities and lack of awareness. In the Middle East, Saudi Arabia and the United Arab Emirates (UAE) account for the substantial share in response to the steadily expanding healthcare industry and increasing number of specialty care centers. Overall, the regional market could demonstrate consistent growth soon owing to rising number of government initiatives aimed at enhancing the quality of healthcare.
Renowned Companies
Some of the renowned companies shaping the worldwide optical imaging market are Bioptigen, Inc., Agfa-Gevaert N.V., Perkinelmer, Inc., Carl Zeiss Meditec AG, St. Jude Medical, Inc., Topcon Corporation, Heidelberg Engineering, Inc., Canon Inc., Koninklijke Philips N.V., among others.
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Multiplex Assays Market – Overview
The uptick in demand for nanotechnology practices that can solve several genetic-related diseases has increased of late. The multiplex assays market is expected to reach USD 3.11 Billion an approximate CAGR of 6.80% during the forecast period (2022-2030).The market for multiplex arrays is advancing due to the increased funding and research being diverted to the market. Increased awareness of the benefits of multiplex assays is fuelling the growth of the market over the forecast period. The multifactorial nature of several diseases and pathological conditions such as Alzheimer and cancer are motivating the development of the market significantly.
Segmental Analysis
The multiplex assay market is segmented on the basis of types, application, products and services, technology, and end-user. By products and services, the market is segmented into instrument, consumable, and software and services. Based on types, the market is segmented into nucleic acid, protein, and cell-based multiplex assay. On the basis of technology, the market is segmented into fluorescence detection, flow cytometry, luminescence, multiplex real-time PCR, and other technologies. On the basis of application, the market is segmented into clinical diagnostic, research and development, and other diseases. By end user, the market is segmented into hospital and research institutes, pharmaceutical and biotechnology companies, clinical laboratories, and other end-users.
Competitive Analysis
The notable contenders shaping the market development over the forecast period are Illumina Inc, Bio Rad Laboratories Inc, Thermo Fisher Scientific Inc, Qiagen, Abcam plc, BD, Agilent Technologies, Meso Scale Diagnostics LLC, Merck Sharp & Dohme Corp, Quanterix, Bio-Techne, Randox
Detailed Regional Analysis
The North America region is accountable for the prime stake of the market due to robust R&D activities in this region. The US is a chief country in terms of biopharmaceutical research and development. The important factors that drive the development of the market in this region are the rise in-patient population, and the growing detection of Alzheimer disease, and a substantial rise in research and development activities of the pharmaceutical companies for the treatment of diseases such as cancer and Alzheimer. The Asia Pacific is anticipated to record the highest CAGR during the forecast period. Due to the increasing geriatric population, mounting prevalence of cataract, and growing prevalence of Alzheimer disease in this region. The European region is estimated to note a high CAGR during the forecast period owing to the increasing geriatric population.
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Market Highlights
Facial paralysis is a restriction of the facial movement due to nerve damage. Facial nerve paralysis is characterized by unilateral facial weakness. Some other symptoms include loss of taste, hyperacusis, and decreased salivation and tear secretion.
Asia Pacific is the fastest growing market for facial paralysis whose growth is attributed to the rising population and increasing standard of living. Additionally, the increasing healthcare spending and the improved standard of living are likely to drive the growth of the market. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and the increasing demand for diagnostic services.
The global facial paralysis market is expected to register a CAGR of 6.5% during the forecast period.
Key Players
Some of the key players in the facial paralysis market are, Boston Scientific, BioControl Medical, Cerebomed, Cyberonics, Astellas Pharma Inc., Sucampo Pharmaceuticals, Inc., and Novartis AG, among others.
On the other hand, the Middle East and Africa is expected to witness a gentle growth due to limited access to the healthcare industry and affordability issues among the population. In the Middle East, the growth of the market is driven by the increasing availability of new and advanced diagnostic and treatment methods for various chronic diseases.
Segmentation
The global facial paralysis market is segmented on the basis of treatment, diagnosis, type, and end-user.
On the basis of type, the market is segmented into, Ramsay Hunt Syndrome, facial erythema, Bell’s Palsy, and Lyme Disease.
On the basis of diagnosis, the market is segmented into electromyography, computerized tomography, and magnetic resonance imaging.
On the basis of treatment, the market is segmented into medications, physical therapy, and surgery.
On the basis of medication, the market is further sub-segmented into corticosteroids and antiviral drugs.
On the basis of end-user, the market is segmented into hospitals and clinics, specialty centers, and research centers.
Regional Analysis
The Americas dominates the global facial paralysis market owing to increasing cardiovascular disorders, which eventually leads to the increasing patient population. Additionally, increasing cardiovascular disorder rate is likely to enhance the growth of facial paralysis in the North American region. According to the American Heart Association, 31% of the deaths in the U.S. were due to cardiovascular disorders. Similarly, in 2015, around USD 3.2 trillion were spend in healthcare expenditure in the U.S according to the Center for Disease Control and Prevention. Similarly, in 2015, 1.3% of the U.S. adults were diagnosed with inflammation of facial nerves.
Europe accounts for the second largest market due to increasing cardiovascular disorders and increasing infections. Additionally, the increasing government support and improving healthcare infrastructure along with increasing facial inflammations are driving the growth of the facial paralysis market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This increasing older population is likely to lead to the increasing patient population. These factors are likely to drive the growth of the facial paralysis market.
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Overview:
The gout market is anticipated to reach USD 4162.5 Million by 2030 at 11.75% CAGR during the forecast period 2022-2030, which has been marked as the forecast period by Market Research Future (MRFR) in the published report. The report also includes several factors that can make sure the market would grow in the coming years. Gout can be described as a type of arthritis, which is caused by higher uric acid levels in the blood. The disease can be triggered by high blood pressure, high cholesterol, and medications that can spike the presence of uric acid in the blood. Obesity, diet containing a high amount of red meat, consumption of alcohol and smoking can trigger symptoms of gout.
The market is getting better thrust from factors like growing elderly population, transforming lifestyle that includes more sedentary time, advents of better treatment facilities, and government initiatives. However, lack of awareness can make this growth daunting in the coming years.
Competitive Landscape:
The gout market is having a strong influx of various new players who are giving tough competition to the existing market bigshots. These players are launching their own types of market strategies to make sure that they get good mileage from the market. Their strategic moves often include mergers, new launches, acquisitions, investment, and others. MRFR got these changes recorded in the report to get a closer view of how the market is shaping up. These players are Savient Pharmaceuticals, Takeda Pharmaceutical Company Ltd. Merck & Co. Inc., AstraZeneca plc, Astellas Pharma Inc., Ardelyx, Inc., and Novartis AG.
Segmentation:
The global gout market, as the reports of MRFR suggests, can be studied on the basis of an expert segmentation that includes end-user, treatment, type, and diagnosis. The report focuses on achieving insights from the market and that has initiated a detailed review of each segment.
By type, the report on the gout market can be segmented into tophaceous gout and pseudogout. Both these segments are known for their impact on the market and revenue-generation.
By treatment, the gout market report can be segmented into medications and self-care. The medication segment includes Probenecid, Allopurinol, Febuxostat, Diclofenac, Indomethacin, and Ibuprofen. The self-care segment is getting acknowledged by patients across the world.
By diagnosis, the market report on the gout industry can be segmented into blood tests, MRI, X-ray, ultrasound, urine test, CT scan, and others. Growing demand for early diagnosis is expected to set up a significant scope for these tests to fetch high income.
By the end-user, the market report on the gout industry comprises specialty centers, hospitals, and homecare. The home care segment is witnessing a surge as an increasing number of people are opting for the self-care segment.
Regional Analysis:
The North American gout market has a notable chance of making progress in the coming years. The regional market is known for its high expenditure for the research and development sector, which is triggering an increasing number of medicines that are getting launched every year. Major countries inspiring changes are the US and Canada. The regional number of smokers is also quite high, which, along with the high number of geriatric population, can trigger the expansion of the gout market. High number of obese people can also open up spaces for such diseases.
Europe’s market is the second-highest as the regional awareness regarding gout-related problems is quite high. This is getting fostered by the rising number of elderly people. Advanced treatment facilities are also getting introduced owing to which a lot of people are showing interest in getting their disease healed. This is also getting bolstered by a rising amount of investment.
The Asia Pacific market is going to show changes in the market as the growing awareness and the massive population is expected to transform the market dynamics. The demographic conditions are also going to play in favor of the market. Countries are launching extensive plans for their healthcare sectors that can influence the gout market growth as well. China would be the fastest-growing country. Transforming lifestyles are also going to create space for market expansion.
The Middle East & Africa market may suffer from the presence of poor economies, lack of awareness, and insufficient backing from the technological setup. However, the scenario is changing in countries like the UAE, Dubai, Saudi Arabia, Qatar, and others.
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Mental health has come into focus due to changing lifestyles of patients and unhealthy work hours. Mental health software and devices utilizes the power of information technology to keep a check on mental or behavioral disorders. The global mental health software and devices market report by Market Research Future (MRFR) focuses on various issues plaguing the market as well as efforts by manufacturers.
The mental health software and devices market is expected to reach USD 17.2 Billion by 2030 at 16.1% CAGR during the forecast period 2022-2030
Market Outlook
due to the rapid adoption of software by mental health professionals. Change in health practices due to availability of patient records and mental health history can lead to effective management of patients. Collection and analysis of information, elimination of errors, rise in patient income levels, and demand for effective solutions for management of pharmacies are mental health are other drivers of the market.
Competition Outlook
Prominent mental health software vendors and device manufacturers profiled in the report include Athena Health, Mindlinc, Mentegram, WRS Health, Kareo, Nextgen Healthcare, ICANotes, Core Solutions, InSync Healthcare Solutions, Compulink, Allscripts, Nuesoft Technologies, NextStep Solutions, Valant, Credible Behavioral Health, Welligent, Raintree Systems, Netsmart, Meditab Software, Orion Health, The Echo Group, Sigmund Software, IBM, TheraNest, Advanced Data Systems, AdvancedMD, Qualifacts, McKesson Corporation, iSalus Healthcare, and Cerner Corporation.
Segmentation Analysis
the global mental health software and devices market is segmented on the basis of solution, deployment, end users and regions.
By component, the market has been segmented by software and devices. The software has been sub-segmented into web based and standalone software.
By functionality, the market has been segmented by clinical, administrative, financial and others. The clinical segment has been categorized into tele-health, electronic health records (EHRs), E-prescribing, clinical decision support, health management, and others. The administrative has been sub segmented into information management, scheduling, workforce management, and others.
The financial has been sub segmented into accounting, revenue cycle management, business intelligence, and others.
Regional Analysis
Region-wise, the global market comprises North America, Middle East & Africa (MEA), Asia Pacific (APAC), and Europe.
North America accounted for the largest market led by the U.S. due to focus on mental health by governments. According to the American Psychological Association in 2019, the number of young U.S. citizens with an increase of mental health disorders has risen due to shift in mood disorders. Other drivers include rapid adoption of technology and development of healthcare infrastructure by governments.
Europe is the second largest region of the market driven by large number of burnout cases and mental health issues of employees. Governments in the region have developed a common platform for collection of mental health issues and records of patients for implementation of good policies as well as welfare schemes. On the other hand, the APAC region is expected to exhibit the fastest growth rate during the forecast period due to being driven by economies of China, India, and Japan. International brands in the region are giving mental health insurance for preventing burnouts and reducing stress in the workplace.
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Surgical devices are types of instruments that are used for performing numerous forms of surgeries in accordance to the complexity of the surgery like minimally invasive, open, or other types of surgery. The General Surgical Devices Market is anticipated to reach USD 15.1 Billion by 2030 at 8.60% CAGR during the forecast period 2022-2030.
As per the research conducted by Market Research Future (MRFR), the market is identified to be influenced by numerous factors. The high demand centered around disposable supplies like catheters, syringes, and needles, the growing awareness concerning diseases being transmitted through surgical forms of devices, and favorable government regulations in ensuring or maintaining safety in surgical procedures are expected to stimulate a positive demand for disposable products, thereby pushing the overall general surgical devices market. An influx of global health initiatives causing advancement in surgical procedures are expected to drive the global general surgical devices market. However, factors like strict government regulations in developing nations and improper reimbursement for surgical devices can cause the market to falter in terms of growth.
Competitive Landscape
The global general surgical devices market comprises of numerous players. A few of them identified in the report are 3M Healthcare (U.S.), Johnson & Johnson Services, Inc. (U.S.), B. Braun Melsungen AG (Germany), Grifols (Spain), SOFINA s.a (Biomérieux) (U.S.), Erbe Elektromedizin GmbH (Germany), Integra LifeSciences (U.S.), Medtronic Plc. (U.S.), Smith & Nephew (U.S.), Stryker Corporation (U.S.), Maquet Holding B.V. & CO. KG. (Germany), CareFusion Corporation (U.S.), Becton, Dickinson and Company (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Conmed Corporation (U.S.), Accuray Incorporated (U.S), Boston Scientific Corporation (U.S.), Ortho-Clinical Diagnostics, Inc. (U.S.), Intuitive Surgical Inc. (U.S.), Siemens Healthcare GmbH (Germany), Cadence Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Virtual Incision Corporation (U.S.), Titan Medical (Canada), Medrobotics Corporation (U.S.), TransEnterix Surgical (U.S.), Olympus Corporations (U.S.), Verb Surgical (U.S.), Meere Company (U.S.), and others.
Market Segmentation
The global general surgical devices market segmentation is done on the basis of application, type, product, and end-user.
By type, the market includes energy-based and powered instrument, disposable surgical supplies, minimally invasive surgery instruments, surgical instruments, medical robotics, open surgery instrument, computer-assisted surgery devices, and others.
By product, the market includes electrosurgical devices, trocars and access devices, handheld devices, wound closure devices, laparoscopic devices, and others.
By application, the market comprises thoracic surgery, ophthalmology, plastic surgery, orthopedic surgery, cardiology, neurosurgery, audiology, into wound care, urology and gynecology surgery, and others.
By end-user, the market includes research centers, diagnostic centers, hospitals, academic institutes, clinics, and others.
Regional Analysis
The global general surgical devices market is geographically segmented across the following regions: Europe, America, Asia Pacific, and the Middle East and Africa.
The Americas dominate the global market with the highest share percentage and is expected to further maintain its standings in the forthcoming years. This is due to the vast presence of key players, a striking number of surgical procedures, favorable reimbursement policies, and various initiatives undertaken by the government for providing training sessions as well as access to advanced devices for physicians.
The Asia Pacific region is projected to grow at the maximum pace during the forecast period owing to growing investments alongside the regional expansion. The Middle East and Africa region boasts the potential to emerge out as a big production hub for large-scale development and medical devices. This is due to the low cost associated with product development here in this region.
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