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Market Highlights
Factors such as the increasing prevalence of chronic
diseases and rising therapeutics demand are estimated to drive the market
growth during the forecast period. Additionally, advancements in diagnostic and
treatment technologies boost the market. Furthermore, esoteric testing is
generally outsourced from reference laboratories or independent laboratories
and is not cost-effective.
However, low awareness and lack of healthcare services in
the middle and low-income countries are estimated to restrain the market growth
during the projected period.
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Key Players
Some of the key players in this market are LabCorp (U.S.),
Quest Diagnostics (U.S.), Invitae (U.S.), Spectra Laboratories (U.S.), Opko
Health (U.S.), Miraca Holdings (Japan), Foundation Medicine (U.S.), ACM Global
Laboratories (U.S.), Arup Laboratories (U.S.), Myriad Genetics (U.S.), Sonic
Healthcare (Australia), Primary Health Care (Australia), Healthscope
(Australia), Mayo Medical Laboratories (U.S.), Fulgent Genetics (U.S.), and
others.
Segmentation
The global Esoteric
Testing Market is segmented on the basis of test type, technology,
end-user, and region. Considering test type, the market is segmented into
infectious diseases testing, endocrinology testing, oncology testing, genetic
testing, toxicology testing, immunology testing, neurology testing, and others.
By technology, the market is segmented into chemiluminescence immunoassay,
enzyme-linked immunosorbent assay, mass spectrometry, real-time PCR, flow
cytometry, radioimmunoassay, and others. By end-user, the market is segmented
into independent and reference laboratories, research laboratories, and others.
Based on region the market is segmented into Americas, Europe, Asia Pacific,
and the Middle East and Africa.
Regional Analysis
The Americas dominates the global esoteric testing market
owing to the increasing prevalence of chronic diseases and presence of a
well-developed healthcare sector within the region. Moreover, the increasing
healthcare expenditure, growing geriatric population, and presence of key
players within the regional boundaries provide a favorable background for the
market growth.
Europe is the second largest in the global esoteric testing
market. Factors such as the increasing availability of funds for research and a
huge patient population followed by a well-developed healthcare sector drive
the market within the region.
Asia Pacific is estimated to be the fastest growing market
for esoteric testing. This can be attributed to the presence of developing
economies such as India and China and the increasing patient population.
Moreover, the increasing healthcare expenditure and a rapidly developing
healthcare sector boost the market growth within the region.
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On the other hand, the Middle East and Africa has the least
share in the global esoteric testing market due to the low per capita
healthcare expenditure and stringent government policies, especially within the
African region. It is estimated that the Middle East holds a majority of the
market within the Middle Eastern and African region.
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Market Highlights
Delirium is a neurological (nervous system) condition and is a serious disturbance in mental abilities that causes mental confusion and emotional disruption. Delirium can be caused due to various factors such as older age, exposure to certain medications, alcohol abuse, surgery or other medical procedures, factors such as exposure to toxic or infectious agents, physical trauma, diet, and behavioral and occupational factors.
The Global Delirium Market is expected to grow at a CAGR of 6% during the forecast period.
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Key Players
Some of the key players in the delirium market are Dr. Franz Kohler Chemie GmbH, Fraser Health, Gaia BioPharma Ltd., Novartis AG, Pfizer, Inc., Regenstrief Institute, Inc., and Air Liquide Sante International, among others.
Segmentation
The global delirium market is segmented on the basis of type, treatment, diagnosis, and end-user.
On the basis of type, the market is segmented into hyperactive, hypoactive, and mixed.
On the basis of diagnosis, the market is segmented into laboratory tests, imaging tests, and physical examination. On the basis of laboratory tests, it is further sub-segmented into blood tests and urine tests. On the basis of imaging tests, it is further sub-segmented into brain-imaging tests.
On the basis of treatment, the market is segmented into antipsychotics and supportive care. On the basis of treatment, antipsychotics is further sub-segmented into risperidone, olanzapine, and quetiapine.
On the basis of end-user, the market is segmented into specialty centers, hospitals, and research centers.
Regional Analysis
The Americas dominates the global delirium market owing to the increasing aging population and increasing rate of neurological conditions. Additionally, the increasing government initiatives and awareness programs are likely to enhance the growth of delirium in the North American region. Similarly, increasing government healthcare costs, along with the increasing awareness among population regarding mental health is expected to drive the growth of the delirium market in North America. For instance, iDelirium, a federation of 3 delirium societies (American Delirium Society, European Delirium Society, and Australasian Delirium Association) has launched various awareness programs across the country to spread awareness regarding delirium and its effects.
Europe accounts for the second largest market due to increasing aging mass and increasing neurological disorders. Additionally, the improving government funding and increasing healthcare infrastructure along with the increasing demand for technologically advanced treatment are driving the growth of delirium market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This rising older population is likely to drive the growth of the delirium market.
Asia Pacific is the fastest growing market for delirium whose growth is attributed to the increasing population which in turn increases the overall patient population and rising population affected by post-surgical disorders. India and China are the primary contributors to the market growth due to the rising demand for advanced and newer treatments and rising development of healthcare infrastructure in these regions.
On the other hand, the Middle East and Africa is expected to witness a restricted growth due to limited access and affordability of the healthcare system and lack of awareness among individuals. In the Middle East, the growth of the market is driven by the growing awareness regarding neurological disorders and expanding healthcare scenario.
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Blepharitis is a common condition of ophthalmologic disorder. The disorder causes inflammation of the eyelids, which leads to irritation in the eyes. It is caused by either bacteria or skin related conditions like dandruff or oil overproduction from the glands of the eyelids. The global blepharitis market is projected to attain a CAGR of 6.5% during the assessment period.
The market is primarily driven by the surging prevalence of ophthalmological ailments like uveitis, dry eye, and others. Other factors influencing a positive demand on the market are rising demand for advanced form of treatments, favorable government initiatives, emergence of market players offering various new products for blepharitis treatment, and increasing awareness concerning eye care are all expected to likely drive the blepharitis market. Additionally, the involvement of various important players in upgrading their existing products and development of new products is also believed to boost the global blepharitis market.
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Competitive Landscape
Some of the leading players in the global blepharitis market are Scope Ophthalmics Ltd, NovaBay Pharmaceuticals, Inc., Merck & Co., InSite Vision Incorporated, Galderma S.A., Perrigo Laboratories, Thea Pharmaceuticals Limited, and Novartis AG.
Market Segmentation
The global blepharitis market segmentation is done in the following basis: end-user, treatment, type, and diagnosis.
By type, the market includes posterior blepharitis, anterior blepharitis, and mixed blepharitis.
By end-users, the market comprises of hospitals, specialty centers, and others.
By treatment, the market is antibiotic therapy, eye cleansers, and artificial tears. The antibiotic therapy segment is narrowed down into oral antibiotic therapy and topical antibiotic therapy.
By diagnosis, the market is classified into comprehensive eye examination, physical examination, and others.
Regional Analysis
The geographical segmentation of the global blepharitis market covers the Americas, Europe, Asia Pacific, and the Middle East & Africa region.
North America is the market leader in blepharitis in the global standings. The Americas region is segmented into two contributors, namely South and North America. In North America, the maximum percentage of the contribution is attributed to the US and Canada. Here, increasing prevalence of eye disorders coupled with the growing awareness among the consumers concerning the need for proper eye care is likely to push the market growth. Add to this, the increasing involvement of various leading players in the market, rising support from the government, and the growing expenditure in the healthcare sector are some of the other factors that are likely to enhance the blepharitis market.
Standing tall with the second largest market share, Europe holds a healthy presence in the global blepharitis market. The market in this region is anticipated to witness decent growth during the forecast period due to various reasons. This includes, the presence of a large pool of market players that are offering effective and innovative products, rising number of skilled medical professionals, and a surging demand for improved and advanced healthcare infrastructure.
Asia Pacific region is said to be potentially the fastest growing market in the globe. Herein, rising prevalence of eye-related disorders and growing patient population are slated to be the major market drivers.
The Middle East and African region is expected to experience the least growth percentage due to significant market constraints like lack of awareness concerning the disease and limited treatment facilities. However, the United Arab Emirates (UAE) region is the largest market share holder under the MEA region due to continuous development of the healthcare sector and growing demand for various advanced specialty centers.
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Market Analysis
The Global Narcolepsy Market is likely to grow at an 8.2% CAGR between 2017- 2023, according to the recent Market Research Future (MRFR) report. Narcolepsy is a rare condition that is oftentimes under-diagnosed. It is characterized by automatic behaviors, cataplexy, excessive day time sleepiness, sleep paralysis, hallucination, and excessive sleepiness. This disorder is caused by the lack of orexin, a brain chemical that regulates sleep. Puberty and menopause are other factors that can trigger narcolepsy.
Various factors are adding to the global narcolepsy market share. These factors, as per the new MRFR report, include favorable reimbursement policies, increase in healthcare expenditure, increase in research and development activities for finding a cure for narcolepsy, extensive efforts undertaken by non-government and government organizations to spread awareness about narcolepsy, and growing demand for advanced therapies for sleeping disorders. Additional factors adding market growth include an increase in stress levels, rising cases of narcolepsy for an unhealthy lifestyle, and increasing awareness about sleep disorders.
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Key Players
Notable players profiled in the global narcolepsy market report include Ligand Pharmaceuticals, Inc. (U.S.), Shionogi Inc. (U.S.), Shire (Republic of Ireland), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), Mylan N.V. (US), Graymark Healthcare, Inc. (US), Arena Pharmaceuticals, Inc. (US), BIOPROJET (Paris), and Jazz Pharmaceuticals Plc (Republic of Ireland).
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global narcolepsy market based on end user, treatment, type, and diagnosis.
By type, the global narcolepsy market is segmented into type 2 narcolepsy, type 1 narcolepsy, and others.
By diagnosis, the global narcolepsy market is segmented into multiple sleep latency test, polysomnogram, and others.
By treatment, the global narcolepsy market is segmented into sodium oxybate, antidepressants, stimulants, and others. The stimulants segment is again segmented into armodafinil, modafinil, and others. The antidepressants segment is again segmented into noradrenergic reuptake inhibitors, selective serotonin, tricyclics, and others. The tricyclics segment is again segmented into clomipramine, desipramine, imipramine, and others. The selective serotonin & noradrenergic segment is again segmented into fluoxetine, venlafaxine, and others.
By end users, the global narcolepsy market is segmented into retail pharmacies, clinics, hospitals, and others.
Regional Analysis
Based on the region, the global narcolepsy market covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have the lions share in the market over the forecast period for a huge patient population, high healthcare expenditure, the presence of key industry players, and a well-developed healthcare sector. Canada and the US are the chief contributors in the region.
The global narcolepsy market in Europe is predicted to have the second-largest share over the forecast period for the presence of developed economies such as Germany, Italy, and France, increasing cases of obesity, huge patient population, and availability of funds for research and development.
The global narcolepsy market in the APAC region is predicted to grow at a quick pace over the forecast period for favorable government policies, developing healthcare sector, and the presence of developing economies such as China & India.
The global narcolepsy market in the MEA is predicted to have the smallest share in the market over the forecast period for stringent government policies in the African region and weak economies. The market in the Middle East will have a favorable growth for the huge healthcare expenditure due to the presence of several developed economies such as Qatar, Kuwait, and Saudi Arabia.
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Market Highlights
An insightful report furnished by Market Research Future (MRFR) suggests that the Asia Pacific (APAC) Aesthetics Market is poised to grow at an approximate growth rate of 11.50% during the forecast period (2017-2023).
The importance of beauty and personal appearance currently is at an all-time high as compared to earlier times due to the development of social media proliferation, thus boosting the Asia Pacific Aesthetics Market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The Asia Pacific Aesthetics Market is estimated to gain a strong assessment of USD 12,175.1 MN by the conclusion of 2025.
The breakthroughs in non-invasive procedures due to advancements in technology are estimated to further influence the Asia Pacific Aesthetics Market expansion. Moreover, the heightened level of affluence in the end-user base is estimated to contribute to the Asia Pacific Aesthetics Market share in the upcoming period.
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Prominent Companies
ZELTIQ Aesthetics Inc. (U.S.), Galderma S.A. (Switzerland), Alma Lasers (Israel), Lumenis (Israel), PhotoMedex, Inc. (U.S.), Cutera (U.S.), Johnson & Johnson Services, Inc. (U.S.), Solta Medical, Inc. (Canada), Syneron Medical Ltd. (U.S.), Mentor Worldwide LLC (U.S), Merz Pharma (Germany), Integra Lifesciences (U.S.), Cynosure Inc. (U.S.), ALLERGAN (Ireland), Sanofi (France), are some of the leading companies in the Asia Pacific aesthetics market.
Market Segmentation
The Asia Pacific aesthetics market has been segmented on the basis of procedures, products, application, and end-user.
The various procedures in the market are surgical aesthetic procedures and nonsurgical aesthetic procedures. The surgical aesthetic procedures are categorized into liposuction, breast augmentation, tummy tuck, eyelid surgery, breast lift, dermabrasion, and others. On the other hand, the nonsurgical aesthetic procedures are split into the segments of botulinum toxin, hyaluronic acid, hair removal, photorejuvenation (IPL), chemical peel, microdermabrasion, and others.
Product-wise, the market caters to laser and energy-based devices, skin tightening and body contouring devices, aesthetic implants, and others. The types of skin tightening and body contouring devices are liposuction devices, cellulite reduction devices, cryolipolysis technology, anti-aging device, and others. The aesthetic implants are fragmented into dental implants, breast implants, buttock augmentation, transdermal implants, and others.
The various applications are facial & body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, reconstructive surgery, tattoo removal, vaginal rejuvenation, and so on.
Depending on end-user, the market can be segmented based on hospitals & clinics, dermatology clinics, cosmetic centers, and others.
Detailed Regional Analysis
The regional scrutiny of the Asia Pacific Aesthetics Market consists of North America, Europe, Africa, and the Middle East. The North American region’s Asia Pacific Aesthetics Market is estimated to emerge as the principal regional market in the overall Americas region. The aesthetic industry growth in the North American region is the outcome of the speedy development in beauty treatments and various anti-aging cosmetic operations. The Mexican aesthetic devices market in the region has been bolstered by the mounting interest in cosmetic techniques, improving healthcare infrastructure, intensifying problem of skin illnesses, and the increasing number of accomplished board-certified cosmetic doctors. The regional market of Europe is promoted to be the next highest gainer in the worldwide market in the future, supported by the collective support given by the government and the great population of elderly patients who need improvement in physical form. The substantial healthcare expenditure is another development-inducing influence in the regional market. The APAC regional market is estimated to be driven due to the exploding patient population, swift innovations in technology, and the profusion of lucrative prospects for global companies in the region. The UAE aesthetic devices market in the Middle Eastern region is mounting at an encouraging rate, because of the rising surgeries counting facial fat grafting, breast enlargement, liposuction, and more. The need for innovative devices and tools to ensure safer and more effective procedures are projected to guide the Asia Pacific Aesthetics Market in the region.
Competitive Analysis
The funding scenario in the market is estimated to be optimistic and conducive to the development of the stakeholders in the market. The government policies in several regions are very conducive to the development of the market in the upcoming period. The advancement of production technology and processes is estimated to augment the global market. The establishment of clear long-term objectives by market titans is estimated to set the tone for the continuing expansion of the market. The identification of areas for sustainable enhancement in the supply chain is estimated to further fortify the market. The advancement of the market is spurred by the initiatives of the leaders in the global market, who are dedicating resources to the development of the overall market. The scale of innovation being observed in the market is another reason that is adding to the advancement of the global market in the future. The detrimental impact on the environment by the business practices is estimated to be a key component in the future growth strategies of the market.
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Overview
The global Home Healthcare Market will grow at a CAGR of 11.6% during the forecast period 2020 to 2027. The market for home healthcare is set to reach USD 273.9 Billion by 2027. As per market analysts, the global market is anticipated to witness growth owing to the factors such as technological advances in healthcare and diagnosis equipment as well as government initiatives encouraging home healthcare. However, the market will face challenges and restraints due to concerns regarding patient safety and increasing healthcare costs during the forecast period 2020 to 2027.
The growing geriatric population in the market will support the growth. As per market analysts, the Home Healthcare Market based companies will face certain challenges during the forecast period 2020 to 2027. The market research report provides in-depth analysis of the product, service, software, and region segments. The market research report presents factors such as the rise of IoT that could slow down the market's growth.
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Market Segmentation
The Home Healthcare Market has been segmented into product, service, software, and region. Based on the segment which is the product, the Home Healthcare Market is categorized on the basis of therapeutic products and others. The global market for home healthcare is further segmented based on service into respiratory therapy service, skilled nursing services, and others. Furthermore, the market, on the basis of software, is segmented into telehealth solutions, clinical management systems, and others.
The market report offers comprehensive study of the market segments including product, service, software, and region. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The product, service, software, and region segments spread across the market along with the subsegments are studied. The global Home Healthcare Market for home healthcare is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global Home Healthcare Market research report presents key company profiles of organizations active across the market.
Regional Overview
Concerns regarding safety and authenticity of treatment may hinder the Home Healthcare Market growth. The market research report suggests that companies in the market could be supported by new revenue sources being utilized by market players as well as the growing investment during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the Home Healthcare Market is set to witness tremendous growth across product, service, software, and region segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
The Home Healthcare Market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global Home Healthcare Market.
Competitive Landscape
Home healthcare has seen tremendous growth, due to growing prevalence of diseases and development of modern technologies. However, lack of infrastructure and high cost associated with products and services would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global Home Healthcare Market are expected to help the market during the forecast period 2020 to 2027. As the market report suggests that the market will register a CAGR of 11.6% and reach a USD 273.9 Billion by 2027, the market report highlights key areas market based companies need to focus on. The Home Healthcare Market research report projects a long term growth till 2027. Based on market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2020 to 2027, however the companies need to move ahead with caution. The market research report highlights such key areas
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Market Overview
The global autoimmune disease treatment market size is
expected to balloon at 11.2% CAGR from 2017 to 2023 (forecast period). High
prevalence of autoimmune disorders is one of the primary drivers of the market.
This is supported by the survey by the National Institute of Health (NIH) which
pegs the number of Americans suffering from autoimmune diseases at 23.5
million. The growing public awareness levels as well as the large efforts taken
by government healthcare organizations for curbing the menace of these diseases
can bode well for the market.
The centralization of patient response to novel drugs and
treatments on a common database is likely to expedite the progress of
autoimmune drugs exponentially. Technological advances, rising prevalence of
comorbidities, rise of regulatory frameworks, and rise of government supported
networks are other growth drivers of the market.
But presence of unbranded drugs, side-effects of
medications, and high treatment costs are challenges faced by the global autoimmune
disease treatment market.
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Competition Outlook
Johnson & Johnson Inc., Danaher, Siemens, Bio-Rad, Merck
& Co. Inc., Genentech Inc., Biogen Idec Inc., F. Hoffmann-La Roche AG, Eli
Lilly and Company, Thermo Fisher Scientific, Abbott Laboratories, HYCOR
Biomedical, Squibb Company, Bayer Schering Pharma AG, Elan Corporation Plc,
GlaxoSmithKline Plc, Chugai Pharmaceutical Co. Ltd., Amgen Inc., and others are
major players in the global autoimmune disease treatment market.
Segmentation
The global autoimmune disease treatment market is segmented
on the basis of disease type, diagnosis, therapeutic product, and distribution
channel.
By disease type, the market is segmented into systemic and
localized. Systemic is further segmented into psoriasis, lupus, rheumatoid
arthritis, and others. Localized, on the other hand, is segmented into
diabetes, inflammatory bowel disease, and others.
By diagnosis, the autoimmune disease treatment market is
segmented into multiplex immunoassay, agglutination, dot blot, line blot,
ELISA, double immune diffusion, Western blotting, and others.
By therapeutic product, it is segmented into drugs and
therapeutic & monitoring equipment. Corticosteroids, immunosuppressants,
biologics, anti-inflammatory drugs, and non-steroidal anti-inflammatory drugs
are segments subsumed within the drugs segment.
By distribution channel, it is segmented into pharmacies,
drug stores, hospitals & clinics, diagnostic centers, and others.
Regional Analysis
The Middle East & Africa (MEA), Europe, Asia Pacific
(APAC), and the Americas are regions taken into consideration during the
compilation of the global autoimmune disease treatment market report.
The Americas are touted to dominate in the leading position
during the forecast period due to a large healthcare expenditure and increase
in the cases of autoimmune diseases. Introduction of favorable healthcare
policies such as the Affordable Care Act and efforts by the American Autoimmune
Related Diseases Association (AARDA) are likely to culminate in high dividends
for the autoimmune disease treatment market from the region.
Europe is the second largest region with the biggest
potential for the global market. Factors such as healthcare policies,
introduction of autoimmune diagnostic techniques, and allocation of sufficient
funds by governments can drive the regional demand.
The APAC region is expected to exhibit a robust growth rate
during the forecast period due to the healthcare budget being elevated in
several countries. The large patient pool as well as the rising number of
medicines being developed at pharmaceutical companies can contribute to the
market revenue.
The MEA autoimmune disease treatment market possesses the
lowest potential for returns due to poor healthcare infrastructure and lack of
technical experts.
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Market Highlights
Chorea is a nonrhythmic, rapid, non-suppressible involuntary
movement. Chorea is often worsened by anxiety, stress and subsides during
sleep. It is also found that most patients attempt to disguise chorea by a
purposeful activity. Sydenham’s chorea is the most common form of chorea in
childhood, whereas Huntington’s disease, and drug induced chorea found mostly
in adult onset cases.
A number of factor such as growing public awareness, and
technological advancements, rising prevalence of neurological disorders,
increasing awareness, improving regulatory framework, increasing government
assistance, increasing adoption rate, and rising funding and reimbursement
policies are propelling the growth of the global chorea market.
However, challenges in research and development,
side-effects of treatment, cost of treatment, the presence of misbranded and
spurious drugs and poor healthcare system in low and middle-income countries
may hamper the growth of the market.
It is estimated that the Chorea
Market is expected to grow at a CAGR 11.4% during the forecast period of
2017-2023.
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Key Players
Some of key the players in the global chorea market are Teva
Pharmaceutical Industries Ltd., Valeant, Medtronic, Alnylam Pharmaceuticals,
Inc., Cyberonics, Inc., AmpliPhi Biosciences Corp, Ceregene Inc., Boston
Scientific Corporation, GlaxoSmithKline plc, Lundbeck, Prana Biotechnology
Limited, Cortex Pharmaceuticals Inc., Vertex Pharmaceuticals Incorporated, SOM
Biotech, Raptor Pharmaceutical, Omeros, Ipsen, Pfizer, Palobiofarma, Aleva
Neurotherapeutics SA, and others.
Segmentation
The Global Chorea Market is segmented on the basis of type,
treatment, and distribution channels.
On the basis of the type, the market is classified as
Huntington’s disease, Rheumatic (Sydenham’s chorea), and Drug-induced chorea.
On the basis of the treatment, the market is classified as
medical care, and surgical care. The medical care is further segmented into
neuroleptics, dopamine-depleting agents, GABAergic drugs, coenzyme Q10,
intravenous immunoglobulin, and plasmapheresis. The sub segments neuroleptic
includes, typical neuroleptics, and atypical neuroleptics. The surgical care is
further segmented into deep brain stimulation, and cell transplantation.
On the basis of the distribution channel, the market is
segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies,
and others.
Regional Analysis
The Americas dominate the chorea market owing to the rising
awareness among people, and high healthcare expenditure. According to the
Centers for Disease Control and Prevention in 2015, the total health
expenditure in the United States was reported to be USD 3.2 trillion and
hospital care accounted for a share of 32.3%.
Europe holds the second position in the chorea market. It is
expected that the support provided by the government bodies for research &
development and improvement in reimbursement policies in the healthcare is
likely to drive the market of Europe region.
Asia Pacific is the fastest growing chorea market owing to a
huge patient pool and developing healthcare technology. Healthcare expenditure
is also improving in various Asia Pacific countries. According to the
Australian Institute of Health and Welfare in the years 2015-2016, the total
health expenditure was USD 170.4 billion, which is 3.6% higher than the
expenditure of 2014-2015.
The Middle East & Africa holds the lowest market due to
lack of technical knowledge and poor medical facilities.
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United States of America
Nonallergic rhinitis, also known as vasomotor rhinitis is a medical condition that refers to a set of symptoms that resemble nasal allergies and hayfever (allergic rhinitis) occurring without a known cause. Some of the symptoms of non-allergic rhinitis include Postnasal drip, Runny nose, Sneezing, and Stuffy nose among others. Some patients with nonallergic rhinitis may even develop allergies and asthma eventually, hence treating the condition well in time becomes essential.
There are a number of novel treatments already available in the market, that along with the several ongoing research activities to discover breakthrough therapeutics and drugs to treat the conditions drive the growth of the non-allergic rhinitis market. Moreover, major factors such as the rising prevalence of nonallergic rhinitis along with the increasing demand for diagnosis and treatment of conditions are escalating the market on the global platform.
Acknowledging the heightened growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global nonallergic rhinitis market is expected to register approximately 5.3% CAGR, creating a significantly larger revenue pocket throughout the assessment period (2017 – 2023).
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Additional factors propelling the market growth include increasing population, urbanization, and industrialization led by the improving economic conditions that are expanding access to the quality healthcare, increasing healthcare expenditure. Furthermore, the burgeoning healthcare industry alongside the splendid research in the field of immunology boosts market growth.
On the other hand, factors such as the increasing competition among key players impede the market growth, acting as a barrier of new entrants. Nevertheless, factors such as the growing focus on the development of new medications and the increasing use of non-steroidal anti-inflammatory drugs (NSAIDs) are expected to support market growth throughout the review period.
Major Players:
Key players leading the global nonallergic rhinitis market include Novartis (U.S.), Boehringer Ingelheim GmbH (Germany), GlaxoSmithKline (U.K), Johnson & Johnson Consumer Inc. (U.S.), Perrigo Company plc (Ireland), Bayer (U.S.), and Sanofi (France) among others.
Global Nonallergic Rhinitis Market - Segmentations
The MRFR analysis is segmented into four key dynamics for enhanced understanding.
By Diagnosis : Physical Examination, Allergy Testing, and Imaging Test among others.
By Treatment : Nasal Sprays and NSAIDs among others.
By End-user : Hospitals & Clinics and Research Centers among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Nonallergic Rhinitis Market - Geographical Analysis
The North American region dominates the global nonallergic rhinitis market with a significant market share. The market is further expected to create a substantial revenue pocket growing at a considerable CAGR throughout the review period (2017-2023). Factors such as well-developed healthcare sector and increasing prevalence of nonallergic rhinitis coupled with the high per capita healthcare expenditures drive the growth in the regional market. Moreover, the consequent increase in the demand for new diagnostic and treatment services alongside the presence of key players in the region drives the market growth. Additionally, a well-spread awareness about morbidity due to nonallergic rhinitis positively influences the growth of the market in the region.
The European nonallergic rhinitis market accounts for the second largest market, globally. Factors such as the increasing demand for nasal sprays, and extensive research and development activities by clinical research and academic institutes for chronic diseases treatment drive the regional market. Germany and France due to the presence of key manufacturing companies for NSAIDs account for the major contributors for the market growth. A well-developed healthcare sector led by the resurging economy in the region drives the market growth predominantly.
Global Nonallergic Rhinitis Market – Competitive Analysis
Intensely competitive, the nonallergic rhinitis market appears fragmented owing to the presence of several large & small key players. These market players through strategic initiatives such as partnership, acquisition, expansion, collaboration, and product & technology launch try to gain competitive advantage. Substantial investments are being made in the R&D to develop a treatment procedure that is on a different level entirely compared to their competition.
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More Related Report
Medical foods Market are custom made liquid solutions used entirely to treat consumers suffering from Alzheimer’s, diabetic neuropathy, nutritional deficiency, depression, and others. Their main function is to supply nutrients which is not available to the consumers through normal diet. They are available in different forms such as pills, powder and others for consumption. Medical foods are intended to be used under the supervision of medical and other appropriate health professionals.
Medical foods are expected to grow continuously over the estimated time with growing awareness among the consumers. Increasing issue of nutritional deficiency in the population is resulting in the prevalence of chronic diseases, which is driving the growth of the market.
Rise in global geriatric population followed by diseases associated with the growing age is propelling the market for medical foods. However, lack of awareness among the consumers leading to confusion in terms such as medical nutrition, functional foods, or nutraceuticals may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.4% of medical foods market during the forecast period 2017-2023.
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The major players in the Medical Foods Market,
Danone (France)
Nestlé (Switzerland)
Abbott (U.S.)
Mead Johnson & Company, LLC (U.S.)
Primus Pharmaceuticals Inc. (U.S.)
Targeted Medical Pharma Inc. (U.S.)
Fresenius Kabi AG (Germany)
Market Segmentation:
The global medical foods market has been divided into nutritional ingredients, form, ailment, and region.
On the Basis of Nutritional Ingredients: Vitamins Minerals, Proteins, Omega-3, Isoflavones, Phytosterols
On the Basis of Form: Pills, powders, and others
On the Basis of Ailment: Alzheimer’s Diseases, Diabetic Neuropathy, Nutritional Deficiency, and Depression
On the Basis of Region: North America, Europe, Asia Pacific, and ROW..
Regional Analysis:
The global medical foods market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the global market followed by Europe. Increasing awareness of medical foods in the U.S. and growing problem of Alzheimer’s diseases is driving the market for medical foods in this region.
Asia Pacific is projected to be the fastest growing region in which the major contributor is China. Continuous innovation and improved education towards medical foods will positively impact the market for rest of the world.
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About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.