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meditechinsight01 · 29 days ago

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Skincare Devices Market boosted by tech-savvy users to achieve 10–12% CAGR growth by 2029

The global skincare devices market is expected to grow at a CAGR of 10-12% in the next 5 years. The rising demand for anti-aging treatments, growing consumer awareness about skincare, growing disposable income, increasing availability of advanced technologies, and rising demand for non-invasive treatments are some of the key factors driving the skincare device market.

Skincare devices include tools/systems that are designed for the diagnosis or treatment of specific skin concerns to improve overall skin health and appearance. Like other fields, skincare is also experiencing digital transformation with innovative technologies such as artificial intelligence (AI), wearable technology, advanced laser and ultrasound machines, 3D printing, virtual and augmented reality technologies, and nanotechnology. All these advancements help enrich the consumer experience, better analyze skin conditions, improve product efficiency and provide non-invasive options with minimal downtime.

Download a free sample report now 👉 https://meditechinsights.com/skincare-devices-market/request-sample/

Rising demand for non-invasive procedures to propel skincare devices market growth

Some of the most common non-surgical procedures performed worldwide include botulinum toxin, hyaluronic acid, hair removal, skin tightening, chemical peel, and non-surgical fat reduction. As per the American Society of Plastic Surgeons (ASPS), in the US, 25 million cosmetic minimally invasive procedures were performed in 2023 compared to 23.6 million in 2022 (7% growth). Overall, the demand for non-invasive procedures is increasing driven by factors such as demand for procedures that cause minimum pain or discomfort, increasing availability of technologically advanced machines, growing awareness of the benefits of non-invasive/minimally invasive procedures, and shorter recovery times over traditional procedures making them more appealing to busy individuals. The growing demand for non-invasive skincare procedures would in turn drive the skincare devices market growth.

Growing consumer awareness about skincare and an uptick in the use of at-home devices further drive market growth

There is a growing emphasis on overall wellness, including maintaining healthy skin. The skincare devices industry has witnessed remarkable growth in recent years with the rising consumers' focus on personal appearance and willingness to invest in skin treatments that promote healthy and radiant skin and target issues such as acne, aging, and pigmentation. Moreover, there is a rise in the uptake of compact devices for home use that target wrinkles, fine lines, and blemishes. Devices like LED masks, microcurrent, and radiofrequency tools that help with collagen production, reducing inflammation, and improving skin texture are gaining popularity for their ability to provide professional-level treatments at home.

Download a sample report for in-depth competitive insightshttps://meditechinsights.com/skincare-devices-market/request-sample/

Competitive Landscape Analysis

The global skincare devices market is marked by the presence of established, innovative, and emerging market players such as Alma Lasers, Lumenis, Canfield Scientific, Inc., Cutera, Johnson & Johnson, Cynosure, Solta Medical, Image Derm, Foreo, Aesthetics Biomedical; among others. Some of the key strategies adopted by market players include product innovation and development, and strategic partnerships and collaborations.

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde Associate, Medi-Tech Insights +32 498 86 80 79 [email protected]

#Global Skincare Devices Market

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global-research-report · 5 months ago

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Empowering Patients: An In-Depth Analysis of the Disease Management Apps Market

The global disease management apps market size is expected to reach USD 22.44 billion by 2030, expanding at a CAGR of 12.1% from 2024 to 2030, according to a new study by Grand View Research, Inc. The rising consumer demand to monitor their health and growing trends of prioritizing healthy lifestyles are anticipated to drive the global market. Moreover, increasing smartphone and internet penetration and surging trend of preventive healthcare are also expected to propel the market to a certain extent.

The rising consumer awareness about health risks associated with poor nutrition is bolstering the demand for disease management apps. Some of the common disease management apps are Medisafe, Sleep Cycle and others. According to the Tech Report published in May 2024, approximately 1.36 billion people worldwide, which represents over 18.55% of the global population, own an iPhone. Additionally, a significant portion of smartphone users, estimated to be around 52%, utilize their devices to obtain health-related information.

In addition, the emergence of novel technologies and flourishing demand for disease management apps with other parameters has driven the market at a rapid pace. Moreover, increasing initiatives by market participants to develop enhanced applications owing to their escalated demand is further fueling market uptake. For instance, in June 2023, the Centers for Medicare & Medicaid Services (CMS) unveiled the Making Care Primary (MCP) Model, a new voluntary primary care model. The initiative is scheduled to launch in 2024 and is designed to last for 10.5 years, with the goal of improving care management and coordination in primary care settings.

Disease Management Apps Market Report Highlights

Based on platform, theAndroid segment accounted for the largest revenue share in 2023 and is anticipated to grow at the fastest CAGR of 12.7% during the forecast period. The growth is attributed to the rising numbers of Android users, and rising penetration of telemedicine specially in developing countries including China and India

Based on device, the smartphones segment accounted for the largest market share in 2023. The growth is attributed to the constant product developments in terms of features and functions, rising inclination for fitness tracking, health monitoring, and increasing demand for advanced products

Based on indication, the mental health segment accounted for the largest revenue share in 2023 owing to the rising concerns about mental health, significant demand for effective and efficient mental health management systems

In 2023, North America dominated the overall market owing to rising awareness among people to adopt mhealth and digital health applications, high internet, and smartphones penetration

Get Sample Copy of Disease Management Apps Market

Disease Management Apps Market Segmentation

Grand View Research has segmented the global disease management apps market based on platform, device, indication, and region:

Disease Management Apps Platform Outlook (Revenue, USD Million, 2018 - 2030)

iOS

Android

Others

Disease Management Apps Device Outlook (Revenue, USD Million, 2018 - 2030)

Smartphones

Tablets

Wearables

Disease Management Apps Indication Outlook (Revenue, USD Million, 2018 - 2030)

Obesity

Cardiovascular Issues

Mental Health

Diabetes

Others

Disease Management Apps Region Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

Italy

Spain

Norway

Sweden

Denmark

Asia Pacific

Japan

China

India

Australia

South Korea

Thailand

Latin America

Brazil

Argentina

Middle East & Africa

South Africa

Saudi Arabia

UAE

Kuwait

Key Players in Disease Management Apps Market

Fitbit LLC.

io.Ltd

MyFitnessPal, Inc.

Noom, Inc.

Azumio Inc.

Medisafe

Sleep Cycle

Curable, Inc

Bearable Ltd

Omada Health Inc.

Order a free sample PDF of the Disease Management Apps Market Intelligence Study, published by Grand View Research.

#Disease Management Apps Market

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emaanderson · 2 years ago

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Pet Tech Market Analysis, Development Status, Business Growth and Regional Forecast Till 2035

New York – March 10, 2023 - Research Nester’s recent market research analysis on “Pet Tech Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global pet tech market in terms of market segmentation by type, product, application, end use, distribution channel and by region.

Rise in Prevalence of Disease Among Pets to Boost the Growth of Global Pet Tech Market

The global pet tech market is estimated to grow on account of rise in prevalence of disease among pets. Many diseases affect pets, most of which go unrecognized. For instance, congestive heart failure (CHF) is comparatively common in dogs. Around 9% of all canines and about 74% of older dogs have some form of heart illness.

There are numerous potential causes for the emergence of CHF. Some dogs are born with congenital cardiac issues that contribute to this sickness, albeit the symptoms of this ailment may not appear for years. As a result, there is an increasing need for various wearable animal gadgets and AI-assisted technologies, which is further expected to drive market expansion.

Moreover, surge in adoption of pet is also anticipated to boost the market growth. Around 18 million dogs were kept as pets in India in 2018. It was predicted that there would be more pets than 30 million by the end of 2023. Interaction with animals has been demonstrated to lower blood pressure and cortisol levels, a hormone associated to stress.

Other studies have shown that interacting with animals could elevate mood, reduce loneliness, and foster a sense of community. Therefore, this may be the main driver of the increase in pet adoption. Also, there has been an increase in the transmission of disease among pets, which has raised concerns about the health of the animals. As a result, there is a rising need for examination, which is expected to fuel the market for pet tech.

Some of the major growth factors and challenges that are associated with the growth of the global pet tech are:

· Growing Prevalence of Internet

· Rise in Lost Pet Cases

Challenges:

Owners who use pet-related devices must also deal with unanticipated problems. Even, if the training collar has a remote, it could occasionally not work. For instance, the batteries may deplete or the remote control could stop operating at any time. There could be further problems, as when food is served insufficiently or at the inappropriate times.

There are many possible ways that technology could go wrong, so when these problems do arise, people might find them annoying. As a result, it is predicted that this factor would slow market expansion. Moreover, there is a possibility that this pet tech may also suffer from electrical issues as many tech products do operate on electricity. Hence, owing to the shortage of electricity this product couldn’t function.

Access our detailed report at: https://www.researchnester.com/sample-request-4743

By type, the market for pet tech is segmented into RFID, GPS, and sensors. Amongst these segments, the RFID segment is anticipated to garner the largest revenue by the end of 2035, backed by rising need to monitor the temperature, heart rate, and more, of the pet. Further, the obesity prevalence among pets is also growing. Hence, owing to this, the need to monitor calorie intake is also rising, further boosting the segment growth.

Also, farmers are using it more frequently to track their livestock. When an animal comes within range of the RFID reader, a radio signal from the reader's antenna activates the RFID chip, enabling radio frequency identification, also known as RFID. After that, the chip sends back a signal with the animal's unique identification number. Reader information might be used by an animal tracking computer. Farmers and ranchers use tags to track a variety of factors, including medication dosage, feed output, weight, and milk production.

By region, the North America pet tech market is estimated to generate the highest revenue by the end of 2035. The growth of the market in this region can be attributed to rising disposable income of the people which is further influencing people to invest more on intelligent and smart pet products such as smart collars, feeders, and more, along with growing adoption of rescue pets.

Additionally, it is projected that the rise in pet illnesses would encourage pet owners to invest in smart pet technology and monitor their pets' physiological processes including breathing, heart rate, and sleep. This is expected to boost growth for the North American pet tech market in the region throughout the course of the projected year. Also, with an increasing demand for pet collars that enable better training in animals, the market in this region is expected to expand significantly during the ensuing years.

This report also provides the existing competitive scenario of some of the key players of the global pet tech market which includes company profiling of GoPro, Inc., FitBark Inc., Garmin Ltd., CleverPet Inc., Scollar Personalized Pet Care, Tractive, Mars Incorporated, Lupine Pet, Motorola Solutions Inc., and Wagz Inc.

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ketan-wagh121-blog · 5 years ago

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Global IoT Market - Global Demand, Sales, Consumption and Forecasts to 2026

Global IoT (Internet of Things) Industry

New Study On “IoT Market Segmentation, Application, Technology & Market Analysis Research Report 2023” Added to Wise Guy Reports Database

This report includes a detailed Comprehensive research methodology of “Global IoT Market”. IoT in the Manufacturing market size was valued at $424 billion in 2016 and is expected to reach $994 billion by 2023, registering a CAGR of 13.1% from 2017 to 2023. IoT market is categorized into various major parts such as Analytics, Security, Cloud, Mobile Technologies and Platforms. The issues such as Security and Privacy are major drawbacks to the hindrance in this market. The range of IoT applications extremely big and diverse.

Try Sample Global IoT Market @ https://www.wiseguyreports.com/sample-request/3204435-global-iot-market-research-and-forecast-2018-2023

The key players of this technology are

Cisco Systems Inc. Hitachi Ltd. IBM Corporation Microsoft Corporation PTC Inc. Robert Bosch GmbH SAP SE Software AG Texas Instruments Zebra Technologies Scale connectivity and data floods separately from the rest of the organization, allowing for the other application to keep running Adapt to existing workflows through state-of-the-art integration mechanisms. Providing common IoT functionalities, like threshold detection, to all applications, implementing only once. Centralizes and reduces the knowledge and task force required to operate and maintain device and connectivity issues. These are the major driving factors that boost’s the Global IoT market during the forecasted time span.

The leading market players in this market such as Intel, Microsoft, Cisco, Google, and IBM are constantly focusing on Innovation and technological advancement. The IoT market caters to every sector from retail, energy, healthcare and so on. Smart Home, Wearable’s and Smart cities are the most potent and high growth applications in the IoT market.

Internet of Things (IoT) in the manufacturing market provides various software and services that enable manufacturing companies to provide IoT-based solutions such as predictive maintenance, supply chain management, quality management and much more.

Regional Analysis:-

North America is the contributor to this market as it is home to largest companies in terms of revenue which includes Intel, Microsoft, Cisco, Google, IBM, and other major companies. North America generated the highest revenue as it has powerful economies like the US, Canada, etc. which are investing money in R & D (research and development dept.) related to smart manufacturing.

The Asia Pacific is expected to be the fastest-growing market after North America, owing to the deployment of advanced technologies, such as smart sensors and connected devices, and growth in demand for IoT in the manufacturing industry. Moreover, Asia-Pacific is expected to grow at a rapid speed due to the rise in ICT expenditure in South Korea, Australia, Japan, and Singapore.

Many companies are facing problems with IoT adoption. The basic challenges and issues include,

Security vulnerabilities. Absence of IoT standards. The cost of implementing IoT solutions. IoT solutions can be utilized to accomplish the following goals:

Facility management Inventory management Enhanced industrial safety Optimization of logistics and the supply chain Smart metering Market Segmentation:-

Market segments are divided on the basis of

By Vertical

Energy and Utilities Automotive Food and Beverage Aerospace and DefenCe Chemicals and Materials High-Tech Products Healthcare Others By Application

Predictive Maintenance Asset Performance Management Quality Management Cognitive Process & Operations Management Supply Chain Management Others By Region

North America S. Canada Mexico Europe UK Germany France Italy Rest of Europe Asia-Pacific China India Japan Australia South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Africa For Detailed Reading Please visit WiseGuy Reports @ https://www.wiseguyreports.com/reports/3204435-global-iot-market-research-and-forecast-2018-2023

For more information or any query mail at [email protected]

About Us Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Norah Trent WISEGUY RESEARCH CONSULTANTS PVT LTD 8411985042

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sheminecrafts · 5 years ago

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5G is now live in 24 markets, GSMA predicts it’ll be 20% of global connections by 2025 — and eyes a big tech break-up

The next-gen flavor of mobile connectivity, 5G, is now live in 24 markets globally, according to GSMA’s annual state of the global mobile economy report.

The cutting edge network tech is capable of supporting speeds up to 100x faster than LTE/4G and delivering latency of just a few milliseconds, as well as being able to connect many more devices per cell site. As it rolls out, it’s expected to underpin a new wave of “smarter” digital services which bake in real-time AI assistance and help drive the digitization of legacy industries.

In last year’s report the carrier association didn’t break out a firm figure for markets where 5G is live — but dubbed the tech “a reality” after commercial launches in the US and South Korea towards the end of 2018. It also said it was expecting 16 more “major countries” to have launched 5G networks by the end of 2019.

It’s now touting “significant traction” for 5G — saying 79 operators across a further 39 markets had announced plans to launch commercial 5G services as of January 20, 2020.

As it stands actual 5G connections remain a fraction of the connectivity pie vs current (4G) and previous gen cellular favors. Per the report, 4G became the dominant mobile tech globally in 2019 — with over 4BN connections, accounting for 52% of total connections (excluding licensed cellular IoT).

The GSMA expects 4G connections to continue to grow for the next few years, peaking at just under 60% of global connections by 2023.

For 5G its forecast is that it will account for a fifth (20%) of global connections by 2025, with the carrier association expecting “particularly strong” take-up across developed Asia, North America and Europe.

(For wider context, almost half of the global population (3.8BN people) are now users of the mobile internet as a whole (2G-5G), per the report — which is forecast to grow to 61% (5BN people) by 2025.)

It’s worth emphasizing that the presence of 5G in a market does not mean universal coverage.

On the contrary, 5G rollouts have tended to be targeted on urban centers. Which means 5G availability in the 24 markets that have launched commercial networks so far is likely highly limited vs population. There are also still relatively few 5G smartphones vs non-5G handsets (though since this time last year more are being unboxed; Sony, for example, just announced its first 5G handsets).

Perhaps, most importantly, consumer demand for the next-gen flavor of connectivity has yet to be robustly stood up. The GSMA’s report poses the (existential, for telcos) question of: “Will they pay for it?”

“The number of live 5G markets is increasing by the day and consumers’ awareness of the technology is also growing as hype makes way for reality. However, there is wide variation across the globe in terms of intentions to upgrade to 5G and the willingness to pay more for it,” it concedes.

“In general, consumers in South Korea and China – having witnessed some of the earliest launches – appear to be the most excited by the prospect of upgrading to 5G, while those in the US, Europe and Japan seem more content with 4G for the time being,” the GSMA adds, before striking an upbeat note: “5G is still in its infancy though; as more tangible use cases are deployed, more consumers will appreciate the benefits of 5G.”

Aka, 5G needs a killer app. But one has yet to emerge. (Edit note: A global pandemic that triggers a mass transition to remote working and virtualized socializing could have potential though. After all, concerns about the corona virus did force the GSMA to cancel its own annual shindig, MWC, just last month.)

Despite the report’s prediction that consumers will, down the line, be sold on 5G’s “benefits” another graphic in the report maps out the current reality — that “awareness of 5G does not necessarily translate into an intention to upgrade”.

It shows adults in markets including the UK, Australia, Spain and Italy having high awareness of the tech but low intent to pay for 5G, with less than 35% saying they want to upgrade. The US market also has a similarly high level of awareness of 5G — and only a slightly higher intention to upgrade (~40%+).

The GSMA writes that more needs to be done by carriers to “raise awareness” of other “benefits” than just higher data speeds, touting claimed advantages such as “improved mobile service coverage”, “innovative new services” and “connectivity for previously unconnected devices” as having 5G marketing potential.

However, on the latter point at least, the report also chronicles variable and often low appetite — certainly outside China — for a range of ‘smart’ devices…

Still, the GSMA predicts billions more IoT devices will be coming on stream over the next five years — saying that between 2019 and 2025 the number of global IoT connections will more than double to almost 25 billion, while it expects global IoT revenue to more than triple to $1.1 trillion.

Another segment of the report deals with the perennial issue of stagnant operator revenue growth vs Internet companies, with the GSMA noting telcos continue to lag tech giants and major device makers.

“For many operators, revenue growth as a percentage is in the low single digits, if that,” it writes. “As core telecoms revenue stagnates, a common strategy now for major operator groups is to seek revenue growth from adjacent services. Pay TV, media, IoT, enterprise solutions and the broader array of digital services still only account for a minor share of operator revenues (10–20% for most), although there are a few notable exceptions, largely enabled by M&A activity.”

It’s perhaps no surprise, then, that top of the GSMA’s 2025 prediction/wish-list is a bold one that one of the GAFA companies (Google, Apple, Facebook and Amazon) will be broken up. (It makes not suggestion of which — though plenty of American eyes are now on Google.)

Other near-term hopes on the GSMA’s list are that “AR eye glasses reach the mass market with a form factor from at least one global OEM”; health wearables become “part of the solution to overburdened public health systems”; and “private enterprise networks explode and become a battleground between telcos and cloud companies” (we don’t think they mean explode literally).

There’s also another 2025 prediction for 5G — that the technology becomes “the first generation in the history of mobile to have a bigger impact on enterprise than consumers”.

Which is certainly one way to silver-line a low-demand ‘cloud’ and hedge (hopefully) for business buy-in to make up for lacklustre consumer desire to pay more to do the same stuff slightly faster* (*depending on network conditions).

“Governments and regulators must play their part to help propel 5G into commercial use by implementing policies that encourage advanced technologies (e.g. AI and IoT) to be applied across all economic sectors,” the GSMA writes elsewhere in the report — a call to action that aligns exactly with policy priorities recently set out by the new European Commission, suggesting telco lobbying in Brussels has borne fruit.

Thierry Breton, the Commissioner for internal market — who’s now driving a pan-EU strategy to encourage the pooling and reuse of industrial data that leans heavily on the deployment of what’s he’s called “critical” 5G networks — is also a former chairman and CEO of France Telecom.

You can download the full GSMA report here.

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computer-basics · 5 years ago

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The next-gen flavor of mobile connectivity, 5G, is now live in 24 markets globally, per global mobile industry association the GSMA — which has just published its annual state of the global mobile economy report.

The cutting edge network tech is capable of supporting speeds up to 100x faster than LTE/4G and delivering latency of just a few milliseconds, as well as being able to connect many more devices per cell site — which means that, as it rolls out, it’s expected to underpin a new wave of ‘smarter’ digital services which bake in real-time AI assistance and help drive the digitization of legacy industries.

It’s now touting “significant traction” for 5G — saying 79 operators across a further 39 markets had announced plans to launch commercial 5G services as of January 20, 2020.

The GSMA expects 4G connections to continue to grow for the next few years, peaking at just under 60% of global connections by 2023.

It’s worth emphasizing that the presence of 5G in a market does not mean universal coverage.

However, on the latter point at least, the report also chronicles variable and often low appetite — certainly outside China — for a range of ‘smart’ devices…

There’s also another 2025 prediction for 5G — that the technology becomes “the first generation in the history of mobile to have a bigger impact on enterprise than consumers”.

You can download the full GSMA report here.

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technicalsolutions88 · 5 years ago

Link

The cutting edge network tech is capable of supporting speeds up to 100x faster than LTE/4G and delivering latency of just a few milliseconds, as well as being able to connect many more devices per cell site — which means that, as it rolls out, it’s expected to underpin a new wave of ‘smarter’ digital services which bake in real-time AI assistance and help drive the digitization of legacy industries.

It’s now touting “significant traction” for 5G — saying 79 operators across a further 39 markets had announced plans to launch commercial 5G services as of January 20, 2020.

The GSMA expects 4G connections to continue to grow for the next few years, peaking at just under 60% of global connections by 2023.

It’s worth emphasizing that the presence of 5G in a market does not mean universal coverage.

However, on the latter point at least, the report also chronicles variable and often low appetite — certainly outside China — for a range of ‘smart’ devices…

There’s also another 2025 prediction for 5G — that the technology becomes “the first generation in the history of mobile to have a bigger impact on enterprise than consumers”.

You can download the full GSMA report here.

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medicaldevicetech · 5 years ago

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Acupuncture Market Rugged Expansion Foreseen by 2023

Market Overview

Acupuncture therapy is an alternative therapy which includes insertion of thin needles at strategic body points by trained professionals and works on the principle of balancing the flow of life energy in the body to treat disease and manage stress for a healthy living. The therapy is gaining acclamation owing to the myriad benefits it offers. Acupuncture helps to release comorbid discomforts. It treats pain associated with chemotherapy in cancer treatment, bone problems like osteoporosis, respiratory issues, migraine, fibromyalgia, and others which are mostly observed incidents in the rising geriatric population. The growing prevalence of gynaecological disorders like menstrual issues, premenstrual syndrome (PMS), polycystic ovary syndrome (PCOS), pregnancy complications, menopausal related issues, dysmenorrhea, and infertility are influencing people to opt acupuncture therapy as a treatment for releasing pain induced by such problems. Furthermore, the capability of the acupuncture therapy to treat psychological illness and insomnia, disorders which are observed in majority of the world population owing to the modern lifestyle, is anticipated to amplify the acupuncture market growth, globally. Acupuncture therapy is a painless therapy as the needles penetrating only the skin are extremely thin. The escalating demand for such non-invasive therapy among people is expected to spur the global acupuncture market growth.

On the flip side, side effects associated with acupuncture treatment and lack of approved clinical support are challenges that the acupuncture market can encounter which can be responsible for the retarded acupuncture market growth.

Market Research Future (MRFR) predicts that the global Acupuncture Market is expected to grow with a CAGR of 14.50% in the upcoming years 2017-2023 and shoot up to valuation USD 55323.8 Mn by 2023.

Major Players:

Key players leading the global Acupuncture market include Schwa-medico GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Zepter International, SEIRIN Corporation, Cymedics GmbH & Co. KG, Asia-med GmbH, MKW Laser system GmbH, Qingdao Great Fortune Co., Ltd., and AcuMedic Ltd. among others.

Acupuncture Market – Segments

For ease of understanding, the market is segmented into four key dynamics: -

By Product & Services : Services (Traditional Chinese Medicine, Japanese Acupuncture, Korean Hand Acupuncture, Auricular & Scalp Acupuncture, Non-Insertion Acupuncture, Moxibustion, and others) and Products (Cupping & Needles, Suction Cups, Laser Needle, Rod Lasers, Laser Pens, Electro-Acupuncture Devices, and others.).

By Application: Pain Syndrome Illnesses and Gynecological Disorders among others.

By End-user: Wellness Center and Hospitals & Specialty Clinics among others.

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

Regional Analysis

The European region heading with the presence of a large number of players accounts for the dominating market in the global Acupuncture market. The region is expected to exhibit a phenomenal growth prospect throughout the review period. The increasing number of occurrences of chronic diseases alongside the growing preference for acupuncture therapies amongst the European population drives the growth of the regional market.

Furthermore, factors such as the escalating insurance coverage in nations like Austria, France, Spain, and others, by other private companies and government support for R&D activities, increase in geriatric population, and the increasing demand for Acupuncture therapies and devices add to the growth in the regional market. The European acupuncture market is expected to grow at a CAGR of 13.53 % over the forecast period.

The Acupuncture market in the Asia Pacific region is another lucrative market, globally. The market is primarily led by the growing inclination towards the alternative therapies and major markets in China and India which have emerged as the fastest growing market for acupuncture devices. Additionally, increasing healthcare expenditures and the prevalence of various common disorders are positively impacting the growth of the regional market.

Global Acupuncture Market – Competitive Analysis

Highly competitive, the Acupuncture market appears to be fragmented due to the presence of several key players who are making substantial investments in R&D activities to bring about innovations in the devices.

Manufacturers of acupuncture devices try to develop instruments that are user-friendly, convenient and can allow physicians to optimize the pain treatment efficiently, literally, for each patient. Caregivers try to offer uniquely refined treatments using advanced devices with controlled incremental expansion designs.

Industry/Innovation/Related News:

March 15, 2019 ---- Cala Health, Inc. (the US), a Wearable bioelectronics developer and medical technology company pioneering neuro peripheral therapy announced its collaboration with Massachusetts General Hospital to help build out its non-invasive nerve stimulation platform for chronic diseases.

Through the hospital’s intellectual property management arm, Cala has licensed neuromodulation technology developed in the lab of MGH’s Vitaly Napadow. Neuromodulation helps in neural mechanisms related to chronic pain and the brain’s reactions to different forms of stimulation, including acupuncture. The licensed tech covers both transcutaneous vagus nerve stimulation and respiratory-gated vagal afferent nerve stimulation.

March 27, 2019 ---- Researchers at the Changchun University of Traditional Chinese Medicine (China), published the outcomes of a clinical trial they conducted on the uses of acupuncture to alleviate test anxiety, a type of performance anxiety. The results demonstrate that acupuncture reduces pre-examination anxiety and reduces sleep disturbances.

Check Discount at https://www.marketresearchfuture.com/check-discount/6139

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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#Acupuncture Market #Acupuncture Market size #Acupuncture Market share #Acupuncture Market analysis #Acupuncture Market report

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