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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.
The market in Asia-Pacific has potential as the region has several developed and fast-developing countries. For instance, markets like Australia, Japan, India, China, and South Korea can inspire the global market to register the fastest CAGR in the coming years. The market would benefit from a large number of consumers as well.
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The Global Pain Patch Market size is expected to grow at a higher rate than before. Analysts believe that the market will witness a healthy growth at a CAGR of 4.8% during the forecast period 2019-2025. Market value for the pain patch market at global levels is expected to reach USD29.5 billion by 2025. Pain-relief patches also known as pain patches can be easily purchased from pharmacies. They are available in different types, however, most of the pain patches are used for managing both short-term and long-term pain. This clearly means that a pain patch can be prescribed for both acute and chronic pain conditions. This flexibility and effectiveness helps the companies in the global market for pain patch grow as the demand for these products remains strong throughout the year, and its easy availability has given more boost to the market.
A pain patch market when placed on the skin helps the skin absorb a certain amount of medication which helps prevent or reduce pain. The medication easily gets absorbed into the bloodstream, however the type of medication and patch prescribed by physicians may vary depending on the actual need of the patients and levels of the pain. Prescription based pain patches may include diclofenac epolamine, an anti-inflammatory nonsteroidal drug, a local anesthetic known as lidocaine, and opioid pain medication.
Pain Patch Market Key Players
Pain Patch Market Segmentation
For the scope of research, analysts have segmented the pain patch market based on type, mode of administration, end users, and therapeutic use.
Pain Patch Market Regional Overview
Industry experts have analyzed the global pain patches market at different levels. The report brings information from across the world and provides key insights into regional pain patch markets from the Americas, which is the largest market in the world for pain patches. The growth here is due to an increasing number of patients with chronic diseases and spinal injury. The report also covers the European market where demand for pain patches is on the rise. Other regional pain patch markets covered in the report are Asia-Pacific and the Middle East and Africa. For each of these regions, analysts have also presented country-level trends, predictions, and market status details along with profiling of key players present in the global pain patch market.
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Market Forecast
Registering a CAGR of 8.57%, Transarterial Chemoembolization (TACE) Market is expected to grow from USD 1559.20 Million in 2018 to USD 2777.22 Million by 2025.
Hepatocellular carcinoma (HCC) is a primary malignancy of the liver and occurs mainly due to chronic liver disease and cirrhosis. It is the third leading cause of cancer deaths worldwide, with over 500,000 people affected. Transarterial chemoembolization market is the current standard of therapy for patients with intermediate-stage hepatocellular carcinoma (HCC). Conventional TACE is considered as a standard treatment for HCC.
Key Players
Segmentation
By Procedure Type
By Product Type
By Region
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Market Synopsis
Market Research Future (MRFR) asserts that the global urinalysis test market is slated to demonstrate a stellar CAGR during the forecast period (2017-2023). The increased demand for point of care testing devices is likely to favor the market growth. Urinalysis is referred to as a urine test which is performed to detect and manage disorders like liver disease, urinary tract infections, diabetes, and kidney disease. A cost-effective and non-invasive analysis method, urinalysis involves checking the content, appearance, and concentration of the urine. These kinds of tests are highly recommended during a routine examination, pregnancy checkup, and pre-surgery preparation in order to detect any disease condition.
Market Potential and Pitfalls
The urinalysis market is growing at breakneck speed due to the rising demand for point of care testing devices, developing technologies in the field of diagnostics, and increased prevalence of chronic diseases across the globe. The cost-effectiveness along with the augmenting demand for urine automated urine analyzers are acting as push factors for the growth of the market. As per the National Institute of Diabetes and Digestive and Kidney Diseases, the prevalence of chronic kidney disease among the general population is about 14%. The urinalysis market has undergone several technological advancements which are further anticipated to boost the market across the globe as such advancements have proved to improve the reliability and efficiency of the results. Moreover, urine analyzers are integrated with Electronic Health Records in order to link the results directly into the database of the patient. Siemens AG has collaborated with Relaymed in order to bring labs cloud-based connectivity for Clinitek Status POC instruments and the Siemens DCA Vantage analyzer. With the change in lifestyle and increasing incidences of chronic diseases, there is an increased demand for advanced and quick tests, which has further resulted in the growth of the market.
Competitive Dashboard
The prominent players operating in the urinalysis test market are Dahaner (U.S.), ARKRAY Inc. (Japan), F. Hoffmann-La Roche Ltd (Switzerland), Sysmex Corporation (Japan), Siemens AG (U.S.), Bio-Rad Laboratories Inc. (U.S.), and ACON Laboratories Inc. (U.S.).
Global Urinalysis Test Market: Segmental Analysis
The global urinalysis test market has been segmented on the basis of test type, product type, end user, and application.
By mode of product type, the global urinalysis test market has been segmented into consumables and instruments. Among these, the consumables are expected to hold a significant share in the global market owing to its extensive use in the disposables in urinalysis research and testing. Moreover, the advent of advanced reagents and use of disposables are likely to favor the growth of the segment.
By mode of test type, the global urinalysis test market has been segmented into biochemical urinalysis, macroscopic urinalysis, urinalysis analyzer and sediments/microscopic urinalysis. Among these, the biochemical urinalysis is likely to occupy a significant share owing to the rapidly increasing geriatric population coupled with the increased incidences of kidney diseases and urinary tract infections.
By mode of application, the global urinalysis test market has been segmented into disease diagnosis comprising diagnosis of diseases like liver disease, kidney disease, pregnancy tests, diabetes, and others.
By mode of end-users, the global urinalysis test market has been segmented into independent laboratories, hospitals, and physician practices.
Regional Insights
Geographically, the urinalysis test market span across regions namely, Europe, America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, America is considered to occupy the largest market share due to the increased demand for automated urine analyzers, accelerating incidences of liver and kidney diseases, and technological advancements in this region. In the North American region, the U.S. is estimated to hold the major share due to the high concentration of market giants manufacturing consumables and urine analyzers.
Europe occupies the second position and is anticipated to expand at a steady pace. The growth is credited to the rising prevalence of chronic diseases such as diabetes. Moreover, the availability of cost-effective treatment coupled with the rising funding from the government for R&D activities is further triggering the demand for urinalysis test in this region.
The Asia Pacific is presumed to grow at the fastest rate due to the augmenting incidences of chronic diseases such as kidney, diabetes, and others. Moreover, with the changing lifestyle and increasing demand for urine analyzers, the market is likely to boom in this region.
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Market Analysis
The global healthcare enterprise software market is expected to touch USD 76.45 billion at a staggering 13.0 % CAGR during the forecast period. Healthcare software is used by nursing homes and hospitals for managing data both clinical and non-clinical. It helps in maintaining patient records electronically resulting in hassle-free storage and retrieval. Such software aids in managing, securing and analyzing information precisely in healthcare environment. Ample data can be stored here rather than handling records manually.
There are abundant factors that is propelling the growth of the healthcare enterprise software market. These factors as per the MRFR (Market Research Future) report include increase in software solutions available exclusively for healthcare management, increasing global competition, increasing awareness about enterprises software, introduction of new software services, technological advancement and innovation, entry of novel industry players, increasing number of enterprises across the world, strict rule governing the patient information management and attention on electronic health records. On the contrary, price of the software solution is likely to impede the growth of the many healthcare facilities now use voice recognition software for transcription.
Market Segmentation
MRFR report offers a broad segmental analysis of the healthcare enterprise software market on the basis of types, mode of delivery, applications and end users.
Based on types, it is segmented into billing, HR management software, laboratory management software, OT management software, scheduling software, inventory management software, patient registration software and others.
Based on mode of delivery, the healthcare enterprise software market is segmented into cloud base and on-premise.
Based on application, it is segmented into non-clinical, clinical and others.
Based on end users, the healthcare enterprise software market is segmented into pharmacy, clinics, hospitals and others.
Regional Analysis
By region, the healthcare enterprise software market covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, Americas will remain the largest market over the forecast period owing to growing need for software solutions to manage patient’s medical records coupled with increasing utilization of information technology (IT) in hospitals. Factors that are imparting towards the growth of the healthcare enterprise software market in this region include extensive utilization of software solutions for healthcare management, use of electronic records over manual records, growing significance of electronic health records, advancement in technology in software development, health record maintenance, awareness amid patients regarding significance of their medical records as well as, legal applications, and demand for software solutions that are user friendly. In the US the leading healthcare IT and medical device companies are global leaders in offering healthcare software solutions and manufacturing medical components and devices. The healthcare enterprise software market in Europe will have the second major share due to rise in use of IT for healthcare management. This market is expanding constantly and catching up slowly with the market in North America. In the APAC region, the healthcare enterprise software market is expected to grow at the fastest pace owing to increasing awareness regarding the software coupled with use of electronic records over manual records. Diagnostic devices are showing an increasing and positive growth in the market. Toshiba Medical Systems Corporation is one of the key market players in this region. The demand for healthcare outreaching supplies, population growth and increasing disease burden is driving the growth of the market in this region. On the other hand, the healthcare enterprise software market in the Middle East and Africa is anticipated to show a steady growth over the forecast period.
Key Players
Leading players profiled in the healthcare enterprise software market include CompuGroup (UK), Medidata Solutions (US), Athenahealth (US), Cerner Corporations (US), McKesson Corporation (US), Infosys Ltd. (U.S), Cognizant Technology Solutions Corporation (U.S.), IBM Corporation (U.S), Allscripts Healthcare Solutions (U.S), and Microsoft Corporation (U.S).
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Overview:
Amniotic membrane is quite important for body to initiate healing. It is a combination of tissues and cells, which acts as a foundation for re-growth of soft tissues. Amniotic membrane has wide-scale utility in eye surgery that acts like a biological bandage. The process heals or replaces eye tissues that are damaged. Amniotic Membrane market value estimation of USD 1.69 Billion by the end of 2030 at CAGR of 4.3%. Market Research Future (MRFR) declared the possibility for the amniotic membrane market exceeding the predicted valuation is quite high.
The amniotic membrane market can rely on substantial surge in amniotic membrane-based transplantations globally. Also, health-related awareness is on the rise, which is expected to spur the global market growth.
Competitive Landscape:
Several companies are experiencing substantial growth due to the surge in the ingress level of the amniotic membrane market. These companies have been profiled by MRFR in their report on the same market for a better understanding of strategic moves and trends that can inspire market change. These companies are Applied Biologics (US), Alliqua BioMedical, Inc. (US), Integra LifeSciences (US), Skye Biologics Inc. (California), MiMedx (US), Amniox Medical, Inc. (Florida), Katena Products, Inc. (US), Human Regenerative Technologies, LLC (US), Amnio Technology, LLC (US), and Osiris Therapeutics, Inc. (US).
Regional Analysis:
MRFR in their region-specific take on the global amniotic membrane market includes namely, the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). This region-specific segmentation allows a closer look at the growth pockets that unravels later market possibilities.
The Americas had the largest market share and it covered around 37.6% in 2017 and at present, it is slated to score an impressive CAGR of 13.28%during the forecast period. The APAC market is geared up to record the fastest CAGR during the forecast period. It has a huge market potential and can achieve 13.60% CAGR during the forecast period.
Europe has the potential to surpass USD 681.71 million valuation by 2023. Several issues like pterygium, cicatricial pemphigoid & Stevens-Johnson syndrome, conjunctival surface reconstruction, persistent epithelial defects with ulceration, and ocular surface reconstruction in patients with chemical & thermal burns in Europe are steering the amniotic membrane market growth in Europe. Germany makes a major impact and France is following Germany’s lead.
In July 2019, Americord Registry launched a new stem cell banking product Placental Tissue 2.0, which can be used to store live amniotic membrane (AM). The system is first-of-its-kind. The company came to limelight as the first family cord blood banks to assist in storage of placental tissue.
Segmentation:
MRFR’s analysis of the amniotic membrane market is based on an extensive segmentation that includes type, application, and end-user. This segmentation gets solid backup from the value-wise and volume-wise analysis of the market.
Based on the type, the global amniotic membrane market can be segmented into cryopreserved and lyophilized. traditional therapy was followed by placement of a dehydrated amniotic membrane allograft and the healing time course was documented with charted measurements. The cryopreservation amniotic membrane segment has better potential to lead the market with an impressive CAGR to reach USD 1,090.08million by the end of 2023. This is expected to get driven by the rising number of ocular surgeries. The lyophilized amniotic membrane segment, on the other hand, can project the highest CAGR of 14.18% during the forecast period. This growth is expected to rely mostly on rising number of surgeries, reconstruction procedures, cosmetic surgeries, and venous & pressure leg ulcers.
Based on the application, the global amniotic membrane market can be segmented into surgical wounds, ophthalmology, stem cell biology, regenerative medicine, and others. The ophthalmology segment is expected to fetch in substantial market due to wide-scale use of amniotic membrane in the segment.
Based on the end-user, the amniotic membrane market can be segmented into hospitals & clinics and others. The hospitals & clinics segment is expected to gain more as patients prefer the segment more.
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The global diabetic ulcer treatment market is expected to display a CAGR of 8.5% over the forecast period. It was valued at USD 7500 million in 2018. The large healthcare expenditure of nations in Europe, Americas, and other developing countries can drive the diabetic ulcer treatment market growth exponentially. Rising number of diabetics has driven the need for diabetic ulcer treatment. According to the American College of Physicians, diabetic foot ulcers statistics accounted to 6.3% cases annually. Standards outlined by healthcare organizations for getting annual foot exams annually can work in favor of the diabetic ulcer treatment market.
Diabetic ulcers are open wounds that appear in diabetics at the bottom of their foot. It is most commonly found in older men. Treatment of ulcers and amputations caused by these cost massive hospitalization fees and has triggered the need for effective therapies and methods. The global diabetic ulcer treatment market report by Market Research Future (MRFR) looks at amputations and neurological indications of these ulcers and predicts the future of their treatments for the period of 2019 to 2025 (forecast period).
Technological developments in wound care products and its subsequent adoption in healthcare organizations can fuel the diabetic ulcer treatment market growth. Removal of dead tissues, control of blood sugar levels, and hyperbaric surgery are few treatment options for diabetic ulcers.
Diabetic Ulcer Treatment Market Competitive Outlook
Cardinal Health, Integra LifeSciences Corporation, ACELITY L.P. INC., Essity Aktiebolag, Smith & Nephew PLC, Organogenesis Inc., Mölnlycke Health Care AB, Braun Melsungen AG, SANUWAVE Health, Inc., ConvaTec Group PLC, and 3M are some of the notable players profiled in the global diabetic ulcer treatment market. Mergers, new product launches, and acquisitions are prime strategies of the players in the market. Recently, Organogenesis Holdings Pvt Ltd. has launched biomaterials in an effort to expand its wound dressing product line and to appeal to patient demand. Clinical trials are also being conducted to test the efficacy and performance of treatments.
Diabetic Ulcer Treatment Market Segmentation
The Global Diabetic ulcer treatment market has been segmented by type, treatment, and end-user.
By type, Diabetic Ulcer Treatment Market has been divided into foot ulcer and mouth ulcer. The foot ulcer segment accounted for a large share of the global market. The primary factor driving the segment growth is the complications arising due to diabetes mellitus and the large pool of patients. Use of wound dressings and biologics for lowering the rate of amputations and successful treatment of DFU can drive the diabetic foot ulcer market during the forecast period.
By treatment, the diabetic ulcer treatment market is segmented into active therapies, wound care dressings, diabetic foot ulcer treatment products and wound care devices. Wound dressing held the largest share of the market due to the large number of diabetics.
By end-user, the diabetic ulcer treatment market is segmented into academic and research organizations, hospitals and clinics, and ambulatory surgical centers. Hospitals and clinics accounted for the largest market share due to awareness campaigns by governments and favorable reimbursement schemes. Launch of mobile applications for creating awareness among the masses has successfully driven patients towards hospitals and clinics for diabetic ulcer treatment.
Diabetic Ulcer Treatment Market Regional Analysis
Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Americas are regions covered with respect to the global diabetic ulcer treatment market.
The Americas can spur the demand for diabetic ulcer treatment due to the large number of cases of diabetics. According to the American Podiatric Medical Association, close to 14-24% of Americans with diabetic foot ulcers have undergone amputations. The high potential of the combination of debridement and continuous diffusion of oxygen (CDO) has seen successful outcomes in treatment of diabetic foot ulcers (DFU).
APAC can display a robust growth rate during the forecast period owing to a large patient pool and the developing healthcare sector in India and China.
Market Dynamics
The mobility or musculoskeletal systems, such as muscles, tendons, and ligaments, are affected by diabetic ulcer treatment. Repetitive motion injuries are another name for these conditions. Treatment for diabetic ulcers can be as simple as repeating the same motion or lifting heavy objects. They affect many regions of the body, primarily the upper and lower backs, as well as the neck.
Various factors such as the growing worldwide geriatric patient population, rising prevalence, and rising prevalence rate of diabetic foot ulcer patients are driving the growth of the global diabetic ulcer treatment market. In many developing nations, lack of information of diabetic ulcer treatment choices and a scarcity of qualified experts in diabetic ulcers, particularly foot ulcer care, are likely to stifle market expansion.
Several major companies currently control the worldwide diabetic ulcer therapy market. To increase their market positions, the leading companies are involved in product launches and strategic collaborations. Many prominent players' geographic expansion product offerings are also likely to give a fantastic chance for the market to grow significantly.
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Overview:
The global market report on the mobile tablets in healthcare market is showing a moderate possibility for the market to record a CAGR of 3.8% between 2019 to 2025, which has been considered by Market Research Future (MRFR) as the forecast period. Ease of access to information and operation and constant development in such devices to ensure the better user experience is going to ensure a better growth rate for the market. This market is also going to witness better growth as the increase in its adoption by healthcare professionals can impact the market more. Patients are also ensuring better uptake. Surging participation from the pharmaceutical industries in terms of app developments to make sure it gets better acknowledgment from doctors, patients, and nurses. Prompt availability of various information is also going to ensure better uptake of mobile tablets in healthcare. The biotech industry is also on a course to ensure better growth for mobile tablets in the healthcare market.
Competitive Analysis
The market for the mobile tablets in the healthcare has players like Apple Inc (US), Hewlett-Packard (US), Barco (Belgium), Samsung Group (South Korea), Microsoft Corporation (US), Zebra Technologies Corp (US), Sand Dune Ventures, Inc (US), Advantech Co., Ltd (Taiwan), ASUSTeK Computer Inc (Taiwan), Teguar Computers (US), Dell (US), ARBOR Technology Corp (Taiwan), and HCL Technologies (India).
Segmentation
The global market report covering the mobile tablets in healthcare has been segmented by application and end users by MRFR for a detailed discussion. This analysis provides insights and inputs that can assist companies in devising better strategies to increase the profit margin.
By application, the global report on the market for mobile tablets in the healthcare covers patient monitoring & data collection, prescribing & issuing medicine, dashboard & reports, appointment scheduling. The patient monitoring & data collection segment is the largest one as the growing use of observational studies and the collection of data in tablet computer from it is becoming the norm of various treatment procedures.
By end user, the report on the global market for mobile tablets in the healthcare can be segmented into hospitals & clinics, government organizations & research centers, and others. In the hospitals & clinics segment, the market finds substantial growth opportunities as these tablets help in the optimal usage of all the resources. In research centers, constant monitoring of patients is expected to provide growth for the market. The ‘others’ segment includes ambulatory surgical centers and pharmacists’ laboratories.
Regional Analysis:
The Americas, as per the report is the largest regional market that is witnessing a remarkable hike in the adoption of mobile tablets in healthcare due to better investment facilities, strong per capita income, and heightened inclusion of the technologies to facilitate such provisions. Infrastructural superiority of the region, especially in countries like the US and Canada can make sure that the region receives better support. In Europe, this growth can be viewed mostly in countries like the UK, France, Germany, Italy, and other western European countries. Lack of financial support in the Eastern segment may hold back the market growth. However, the inclusion of IT in healthcare is providing scope for market growth.
In the Asia Pacific region, the growth would be the fastest as emerging economies are going to increase their healthcare-related expenditure and allow the IT sector to permeate easily. Various major hospitals and clinics are going to inspire better growth for the market. The Middle East & Africa may find their infrastructural lack to be the major market deterrent. This is due to the poor economic condition of many countries.
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The effect of the pandemic has reiterated the need for insurance coverage especially that of the health insurance market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. With a CAGR of 4.1%, the market is poised to achieve an income of USD 141.3 Billion by 2025.
The presence of strong and well-established contenders in the market is predicted to motivate the Health Insurance Market share in the impending period. Moreover, the uncertainty around the situation created by the pandemic is estimated to spur consumers to plan their future healthcare plans seriously, motivating the health insurance market.
Key Players
Some of the key players in the global health insurance market are Integra Global Health Limited (UK), Blue Cross (US), Allianz SE (Germany), William Russell (UK), International SOS (Asia), MediCare International (UK), IHI-Bupa (UK), Aetna (US), Expacare (UK), MultiNational Underwriters (US). CIGNA (US), HealthCare International (UK)
Segmentation
The segmentation of the global health insurance market has been done into type, demographics, term, service providers and region.
The global market for health insurance, by demographics, is segmented into minor, adult and senior citizens. According to Insurance Sweden 2017, about 643,000 employed people between the age of 16-64 had private health insurance in Sweden.
Based on type, the market is segmented into health maintenance organizations (HMOs), exclusive provider organizations (EPOs), point-of-service (POS) plans, health insurance chatbot and preferred provider organizations (PPOs).
Based on the period, the market is segmented into life-time coverage and term insurance. The healthcare status of the population is directly linked with the economic development of a country. According to the World Bank, the global healthcare expenditure as a percentage of GDP rose from 9.52% in 2010 to 9.9% in 2015. Factors such as the rise in disposable income and increasing per capita is expected to propel the global health insurance market.
Detailed Regional Analysis
The regional examination of the health insurance market includes the Americas, Africa, Europe, Asia Pacific, and the Middle East. The Americas health insurance market led the global market due to the collective understanding among the people about persistent ailments and many companies are launching new insurance concepts for the wellbeing of the individuals. Technical improvements, along with the obtainability of funding prospects in research and innovation will back the advance of health insurance throughout the forecast period. The influences such as a promising repayment scenario, increase in government spending on healthcare, and an upsurge in the geriatric population in this region can be credited to the health insurance market development. The Asia Pacific health insurance market is anticipated to observe phenomenal development in health insurance during the forecast period owing to the mounting contribution of market companies in introducing advanced health insurance strategies and the mounting demand for the handling of chronic diseases, implementation of innovative technologies, relaxed regulations, and an upsurge in medical tourism.
Competitive Analysis
The competition in the market is estimated to flare-up following the disruption created by the COVID- pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market. The tendency to invest and expand capacities is estimated to create a promising scope for the market in the impending years. The change in several regulations that are running the development of the market is estimated to impact the innovations that can be seen in the global market. The increased contribution of online channels towards the swell in transactions is predicted to further encourage the advancement of the market in the future. The government intervention in the creation of opportunities that can incentivize the development of key regions in the market is predicted to further add an optimistic touch to the proceedings in the market. The market is appraised to be stimulated by an increased development upsurge that is bracing the contenders who are active in the market.
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Neuroregeneration or nerve regeneration refers to the process of repair and regrowth of injured nerve tissues, cells, and cell products. Large number of cases of nervous system injuries combined with ongoing develpoments in neural tissue engineering is likely to warrant the need for neuroregeneration. The global nerve regeneration market report by Market Research Future (MRFR) covers trends, drivers, and challenges and illustrated in an enumerated method. Segments of the market, as well as its impacts on major regions of the world, are written in great detail.
Market Overview
The global nerve regeneration market is projected to exhibit 11.34% CAGR during the forecast period (2017-2023). It can exceed the expected market valuation of USD 12,695.25 million by the end of 2023. Large number of nerve disorders, as well as developments in the treatments of such disorders, can drive the market growth exponentially till 2023. The large geriatric populace combined with the changing lifestyles of patients can trigger the afflictions and drive the demand for nerve regeneration procedures.
Investments in research and development are likely to boost the market demand significantly. For instance, Polyganics has established a new unit at the Zernike Campus, Netherlands for expanding their R&D unit. Surgeries to embed neurostimulation devices, as well as ongoing developments of a brain computer interface, can influence the market in the coming years. Advances in neuroimaging and neurostimulation which can provide relief to patients, can drive the market demand significantly.
Segmentation
The global regeneration technology market has been segmented on the basis of product, application, and end user.
Based on product, the market has been segregated into neurostimulation & neuromodulation devices and biomaterials. On the basis of neurostimulation and neuromodulation devices, the market has been divided into internal neurostimulation devices and external neurostimulation devices. Internal neurostimulation devices has been further segmented into vagus nerve stimulation, spinal cord stimulation, sacral nerve stimulation, deep brain stimulation, and gastric electrical stimulation. External neurostimulation devices cover transcutaneous electrical nerve stimulation and transcranial magnetic stimulation. Nerve conduits, nerve wraps, nerve protectors, and nerve connectors are segments encompassed within the biomaterials segment. Among them, the neurostimulation and neuromodulation devices segment was valued at USD 4,764.96 million in 2018. Large number of movement disorders and need for such tools for their treatment can drive the segment growth.
Major market applications include neurostimulation and neuromodulation surgeries, nerve grafting, stem cell therapy, direct nerve repair/neurorrhaphy, and others. Neurostimulation and neuromodulation surgeries have been further segmented into internal neurostimulation and neuromodulation surgeries, external neurostimulation, and neuromodulation surgeries. Nerve grafting encompasses autografts, allografts, and xenografts.
Primary end users of the global nerve regeneration market include hospitals & clinics, ambulatory surgery centers, and others.
Regional Analysis
MRFR segments the global nerve regeneration market on the basis of regions into Europe, the Americas, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas held the maximum market share in 2017. The region receives considerable wherewithal for the continuous development of the healthcare sector. It can be lucrative for the global nerve regeneration market due to reimbursement policies which cover the costs of such treatments. Major companies based in this region who are investing considerably in the development of new products can drive the global market growth significantly.
Europe is expected to prove a windfall for the market due to substantial spending from governments for research and development in the healthcare sector. Large number of patients with nervous system disorders as well as disabled motor functions form the initial patient pool for such treatments. Launch of new machines for assisting in these surgical procedures as well as approval of CE for companies can drive the regional nerve regeneration market growth.
The APAC region can display a sharp demand for such products due to technological growth, massive populace, and increasing healthcare expenditure. India and China are displaying signs of unprecedented growth and triggering the demand for biomaterials which can drive growth during the forecast period. Collaborations with virtual reality solution providers for educating patients about the various neurological disorders and the latest treatment options available can bode well for the market. Recently, Wan Fang Hospital of Taipei decided to collaborate with the healthcare division of HTC which makes VIVE, a popular VR headset. It can be used to educate patients as well as doctors of the recent treatment options as well as the various nervous system disorders.
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