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Global Chronic Wound Care Market Growth, Expected to Surpass US$ 25,042.5 Million at a Compound Annual Growth Rate of 3.5% in 2033

The global chronic wound care market is anticipated to grow at a compound annual growth rate (CAGR) of 3.8%. According to projections, the market value will rise from US$ 17,272.4 million in 2023 to US$ 25,042.5 million in 2033. The market for chronic wound care, which was estimated to be worth US$ 16,689.3 million in 2022, is projected to rise at a compound annual growth rate of 3.5% in 2023.

As a result of increased research and development by numerous governmental and non-governmental entities, new, creative items should hit the market. According to a Frontiers in Physics research, new smart bandages have been developed that allow clinicians to speak with patients without having to touch the wound.

Furthermore, researchers at the Indian Institute of Science have developed bandages with magnetic nanofibers that offer a non-invasive treatment for skin cancer. IISc researchers have developed a bandage that is made by electrospinning a special combination of nanoparticles. It has been shown that employing a variety of sensing modalities, such as physical and chemical sensors, real-time monitoring of wound parameters at the wound site is essential for optimal wound care. Recent years have seen a significant amount of effort directed toward the development of technology to monitor a range of indicators impacting wound healing, such as temperature, pressure, pH, and infection status. Advanced wound therapies, such as local and on-demand drug administration, have been developed to help with wound diagnosis and therapy.

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The advancement of technology and innovative 3D techniques, along with trackers and apps, will allow consumers to monitor the healing process of their finger wounds. For instance, Heriot-Watt University researchers developed tiny sensors that track wound healing and speed using a bandage under a bandage. There have been many studies on wound biology, but little is known about the physicality’s that contribute to wound healing, especially at the microscale, where advancement occurs at sub-hair widths. Crichton writes that few studies have actually been conducted on wounds.

Key Takeaways from the Market Study 

The global market size for chronic wound care is estimated to reach US$ 15.98 Billion by 2023.
According to the forecast, the market is expected to grow by 7% between 2023 and 2033, reaching a total of US$ 31.46 billion by 2033.
Across all wound dressing categories in 2023, advanced wound dressings accounted for 54% of the total market value.
Chronic wound care in North America expanded with a market share of 33% in 2022.
According to forecasts, by 2023 the diabetic ulcer market will account for 38% of the total market value.

“As diabetic ulcers become more prevalent and new drugs and devices are approved, artificial intelligence and technology are expected to play a significant role in growing sensor-based bandages.” comments a Future Market Insights analyst.

Competitive Landscape 

Research and the development of innovative diagnostic techniques are expected to be the focus of many companies in the near future, resulting in the expansion of their product lines, the acquisition of other companies, and the merger of their businesses.

Healthium Medtech, based in Bengaluru, has introduced its new wound dressing portfolio Theruptor Novo to manage chronic wound care such as diabetic foot ulcers and leg ulcers. Healthium expands its portfolio of advanced wound dressing products with Theruptor Novo. Approximately 25% of diabetics will develop a foot ulcer during their lifetime. As a result of complications caused by untreated diabetic foot ulcers, almost 1 lakh amputations have been registered in India today. In addition to being painful and expensive, foot ulcers require a lot of treatment.
In an era when complex chronic wound care are on the rise, while access to wound care nurse specialists is becoming more challenging, HARTMAN USA and Corstrata announce their partnership to support home health and other in-home providers. Clinical expertise and evidence-based treatment protocols are essential to integrate advanced wound dressings with a successful wound care program. BerryDunn’s National Healthcare at Home Best Practices and Future Insights Study, published in recent months by top-50 accounting firm BerryDunn, indicates that wound-certified specialists are on staff at all of the top 10% of home health agencies with positive financial surpluses.

Key Companies Profiled:

Paracrine, Inc.
Oneness Biotech
Biotissue
Polarity TE
MediWound
Anterogen Co., Ltd.
TR Therapeutics
RHEACELL GmbH & Co.KG
Smith & Nephew
Kaken Pharmaceutical

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Key Segments Profiled in the Chronic Wound Care Market Industry Survey

Type:

Diabetic Ulcers
Pressure Ulcers
Venous Ulcers
Other Chronic Wounds

Product:

Advanced Wound Dressings
Wound Care Therapy
Active Therapy
Others

End User:

Hospital and Wound Care Centers
Homecare Settings
Others

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Personal Fitness Trainer Market Booming, Projected to Reach US$ 65.5 Billion by 2033

The fitness industry is booming, and there’s a reason why. The global personal fitness trainer market is projected to reach a staggering US$ 65.5 billion by 2033, growing at a healthy 4.6% annually. This isn’t just a consumer trend; it’s a strategic opportunity for businesses like yours.

Here’s why investing in personal fitness trainers for your employees is a smart decision:

Healthier, Happier Workforce: Personal trainers create customized exercise programs that boost employee health and well-being, leading to increased productivity and reduced absenteeism.
Improved Employee Engagement: A focus on employee wellness demonstrates your commitment to their overall well-being, fostering a more engaged and motivated workforce.
Reduced Healthcare Costs: By promoting healthy habits, personal trainers can help prevent chronic diseases, leading to lower healthcare costs for your business.
Attract and Retain Top Talent: In today’s competitive job market, offering wellness benefits like personal training positions your company as a desirable employer.

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Beyond the Basics:

Today’s personal trainers are highly qualified professionals with expertise in:

Exercise Physiology: They understand how exercise affects the body, ensuring safe and effective workout programs.
Chronic Disease Management: Many trainers can help employees manage existing health conditions through exercise.
Nutritional Guidance: Some trainers offer personalized dietary advice to complement fitness programs.
Motivation and Behavior Change: Trainers act as coaches, providing encouragement and strategies to help employees stick to their fitness goals.

Addressing Challenges, Maximizing Benefits:

While cost and trainer turnover can be concerns, here’s how you can navigate them:

Explore Group Training Options: Consider offering group fitness sessions to optimize costs while maintaining individual attention.
Partner with Reputable Training Companies: Collaborate with established providers who ensure trainer qualifications and retention.
Focus on Long-Term ROI: Investing in employee health is an investment in your company’s future success – the return on investment is substantial.

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Key Takeaways:

The personal fitness trainer market is estimated to register a CAGR of 4.6% with a valuation of US$ 65.5 billion during the forecast period.
In the historical period, the market secured a valuation of US$ 39.7 billion in 2022.
The United States is anticipated to lead the global market by capturing a share of 29.0% by 2033.
Germany is estimated to register a share of 5.2% in the global market during the forecast period.
With a share of 3.5%, Japan is estimated to drive the global market during the forecast period.

How Key Players are Expanding the Global Personal Fitness Trainer Market?

The market is highly competitive by the present prominent players globally. These players innovate advanced and improved products by investing heavily in research and development activities. These players are adopting several marketing methodologies to upsurge the global market collaborations, partnerships, acquisitions, mergers, and agreements.

Recent Developments in the Global Market are:

Core Health & Fitness announced its partnership with BodyWorld Plymouth. This partnership builds to enhance the company’s portfolio of commercial fitness products.

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Personal Fitness Trainer Market by Category

By Activity:

Smartwatches
Head Mounted Displays
Smart Clothing
Ear Worn
Fitness Trackers
Body Worn Camera
Exoskeleton
Other

By End User Industry:

Fitness and Wellness
Medical and Healthcare
Infotainment
Industrial and Defense
Other

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Handyman Service Market: Poised for Explosive Growth at 16.5% CAGR Through 2033

The handyman service industry is experiencing a surge, projected to reach a staggering US$ 1.8 billion by 2033. This translates to a healthy 16.5% annual growth, a clear indicator of a thriving market.

Why is this industry booming?

Increased demand for services: Rising homeownership and property values are driving the need for renovation, repairs, and maintenance.
Busy lifestyles: Busy schedules leave decision makers like yourself with limited time for handyman tasks. Outsourcing these needs to reliable professionals becomes a priority.
Broad range of services: From plumbing and electrical work to carpentry and appliance installation, handyman services offer a one-stop shop for all your maintenance needs.

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Here’s how partnering with a professional handyman service can benefit your business:

Improved Efficiency: Free up your valuable time and resources by delegating maintenance tasks to skilled professionals.
Reduced Costs: Eliminate the need to hire and train in-house staff for sporadic maintenance needs.
Enhanced Property Value: Regular maintenance ensures your property remains in top condition, potentially increasing its value.
Peace of Mind: Knowing your maintenance needs are handled by qualified professionals brings peace of mind and allows you to focus on core business activities.

The Modern Handyman:

The handyman service market is no longer limited to basic repairs. Today’s handyman is equipped to handle the latest appliances and technologies, including:

Computer systems
Memory grids
Electric grids
Inverters
Power generators

This ensures your property, whether residential or commercial, receives comprehensive maintenance for optimal functionality and lifespan.

The Repair Revolution: Handyman Services are Changing the Home Maintenance Landscape

The growth in dual-income households and hectic lives have raised the demand for professional assistance with home repairs and upkeep. Although the DIY culture has grown in popularity, complex undertakings and a lack of time or skill motivate many to employ handyman services.

Customers may now identify and schedule handyman services online thanks to technological improvements, which provide ease and accessibility. The aging population necessitates help with home maintenance, resulting in a continual demand for handyman services. All of these factors contribute to the growth and expansion of the handyman service market.

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Navigating Economic Challenges in the Handyman Service Market

While the handyman service business has potential for expansion, various impediments may limit its advancement. DIY enthusiasts who prefer basic repairs may reduce demand for professional handyman services. Economic downturns or recessions may result in lower home repairs and maintenance expenditures, influencing the handyman service business.

Customers may hesitate to choose unfamiliar handyman services due to concerns about trust and trustworthiness. Customers may be drawn away from general handyman services due to the availability of specialized contractors for difficult work. Finally, regulatory regulations and licensing constraints create entry barriers for new market participants, limiting market expansion for handyman services.

Regional Perspectives on the Thriving Handyman Service Industry

The demand for handyman services in North America is expanding steadily due to rising urbanization, increasing residential properties, and the need for routine maintenance and repairs. Europe is likewise experiencing a robust handyman service industry fueled by a growing tendency to outsource home improvement jobs and an aging population needing assistance with domestic maintenance.

Rapid urbanization, an expanding middle-class population, and rising disposable incomes are surging demand for handyman services throughout the Asia Pacific. Emerging economies in Latin America and the Middle East are growing their use of professional handyman services, contributing to the regional perspective.

Key Takeaways

The United States might increase its market share by 31.6% between 2023 and 2033.
Between 2023 and 2033, Germany may hold a share of 7.4% in the handyman service industry.
Japan’s share of the handyman service industry is to reach 5.6% between 2023 and 2033.
Australia to hold a 3.1% share of the market from 2023 to 2033.
During the forecast period, China handyman service business to expand at a CAGR of 20.4%.
From 2023 to 2033, the United Kingdom handyman service industry is likely to register a 17.1% CAGR.
Through 2033, the India handyman service market is expected to record a CAGR of 22.6%.
The online segment of the deployment category is predicted to have a market share of 63.6% by 2033.
The repairs and maintenance segment holds a market share of 31.1% in the electricity category between 2023 and 2033.
North America may increase its handyman service market share by 36.2% between 2023 and 2033.
Between 2023 and 2033, Europe may hold a share of 24.4% in the handyman service business.

Competitive Landscape

The pivotal handyman service participants employ several marketing strategies, such as acquisitions, expansions, and alliances. They are launching new services to increase their market presence among customers.

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Recent Advancements

Expansion

The new collection of services Mr. Handyman offers includes plasterboard, tiling, exterior painting, carpentry, assembly, and repair. Additionally, the business is expanding its service areas. This fuels the need for handyman services.

Launch

The four-city tour reflections from Tennessee through South Florida, Georgia, and South Carolina have been introduced by Ace Handyman Services. The need for handyman services increases as a result.

Key Segments

By Deployment:

Online
Offline

By Repairs & Maintenance:

Electricity
Plumbing
Non-HVAC Home Appliances
Gas
Heating
Ventilation and Air Conditioning

By Home Improvement Type:

Construction
Interior Design

By Region:

North America
Latin America
Europe
South Asia
East Asia
The Middle East & Africa
Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global HER2 Positive Gastric Cancer Market Set to Soar, Predicted to Reach US$1779.8 Million a Compound Annual Growth Rate CAGR of 3.5% by 2033

The global HER2-positive gastric cancer treatments market is poised for steady growth, reaching an estimated US$1.78 billion (USD$1,779.8 million) by 2033. This projection reflects a compound annual growth rate (CAGR) of 3.5% from a market value of US$1.26 billion (USD$1,261.8 million) in 2023.

The market for HER2-positive gastric cancer will have tremendous growth potential as more people become aware of the signs and causes of the disease.The market is anticipated to rise as a result of growing company activity in conducting clinical trials to discover effective medications for patients with HER2 positive gastric cancer and an increase in product launches and approvals.

For example, the U.S. FDA authorized Enhertu, an antibody-drug conjugate product, in January 2021 to treat gastric tumors that have metastasized and are HER-2 positive. Furthermore, it is anticipated that the growing number of medications receiving special designations in the pipeline will support the market’s expansion.

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North America dominates the HER 2 positive gastric cancer market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.

Key Takeaways from the Market Study

As of 2023, the HER2 positive gastric cancer market was valued at US$ 1261.8 Million
From 2023 to 2033, the HER2 positive gastric cancer industry is poised to grow at an 3.5% CAGR
By 2033, the HER2 positive gastric cancer market is slated to reach a valuation of US$ 1779.8Million
Based on therapy, the targeted therapy segment dominated the global market in 2023 with a revenue share of over 55.4%.
China is poised to yield a CAGR of 3.2% with respect HER2 positive gastric cancer in 2033

“Technological advancement in healthcare and increase in the prevalence of gastric cancer is expected to radically transform the HER 2 positive gastric cancer market in the coming years,” comments an analyst at FMI.

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Competitive Landscape

AstraZeneca
Bayer
Bristol-Myers Squibb
Ono Pharmaceutical Co. Ltd
Hutchison Medipharma
LintonPharm
Shanghai Henlius Biotech
Sanofi
Pfizer
Novartis AG

Manufacturers and players functional in the global HER 2 positive gastric cancer market are adopting various corporate growth strategies such as new product launches, mergers and acquisitions, and geographical expansion, among others.

In September 2022 -Shanghai Henlius Biotech, Inc announced a phase 1 clinical trial of the company’s HLX22, an anti-human epidermal growth factor receptor-2 (HER2) humanised monoclonal antibody(mAb) injection, has been completed in patients with HER2 overexpressing advanced solid tumours. The results of this study demonstrated the good safety and tolerability of HLX22.
In January 2022 — LintonPharm Co., Ltd., a China-based biopharmaceutical company focusing on the development of T cell engaging bispecific antibodies for cancer immunotherapy, announces that it has completed the enrollment of stage 1 of the global phase III trial (clinicaltrials.gov: NCT04222114). This trial evaluates the safety and efficacy of Catumaxomab, a bispecific monoclonal antibody, in adult patients with advanced Gastric Cancer with Peritoneal Carcinomatosis (GCPC).

Key Segments Covered in HER2 Positive Gastric Cancer Industry Survey

HER2 Positive Gastric Cancer Market by Therapy:

Chemotherapy
Immunotherapy
Radiation Therapy
Targeted Therapy

HER2 Positive Gastric Cancer Market by Stage:

Stage I
Stage II
Stage III
Stage IV

HER2 Positive Gastric Cancer Market by End-User:

Ambulatory surgery centres,
Hospitals and Specialty clinics
Others

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Revolutionizing Advertising: Digital Out-of-Home Market Sees Unprecedented Growth with Cutting-Edge Technology

The global digital-out-of-home market is expected to increase at a compound annual growth rate (CAGR) of 11.0% between 2018 and 2028. At the end of the forecast period, SEA and Others of APAC, Western Europe, and North America will hold the majority of market value shares.

Key information about the worldwide digital-out-of-home market is provided by FMI in its report, “Digital-Out-of-Home market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” It is anticipated that the global digital-out-of-home market would expand at a compound annual growth rate (CAGR) of 11.0% in terms of value between 2018 and 2028, making the market value growth attractive.

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The global annual revenue from the digital-out-of-home market has been valued at US$ 3,905.3 Mn by the end of 2017, and it is expected to grow at a steady pace over the forecast period. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe are expected to collectively account for a majority share in the global digital-out-of-home market. These regions are likely to dominate the global digital-out-of-home market over the forecast period.

The digital media landscape is undergoing drastic changes due to the introduction of advanced digital technologies. Over the past few years, various media owners have entered the digital-out-of-home market with an objective to offer cross-network advertisement delivery reports in centralized online dashboards similar to the capabilities of ad servers in the online space. The measurement of digital-out-of-home media is improving due to the adoption of interactive technologies that enable advertisers to gain customer insights using mobile device location data. Mobile location data is utilised to validate the location of a device and brand exposure by analysing whether the consumer was standing closer to the digital screen when the advertisement was displayed. As the digital industry continues to evolve, there has been a rise in the adoption of digital-out-of-home screens across various verticals. Moreover, the emergence of cloud-based digital platforms and the introduction of programmatic digital-out-of-home advertising are among factors expected to contribute to the growth of the digital-out-of-home market.

On the basis of FMI analysis, the Digital Place-Based Networks (DPN) in the platform segment will dominate the digital-out-of-home market due to the introduction of location-based advertising at various venues and increase in smartphone penetration. On the basis of industry, the retail segment will be a dominating segment due to the widespread adoption of digital billboards & digital place-based networks by brand marketers at malls, roadsides, bus shelters, airports and other high dwell-time venues to generate huge customer traffic.

The North America digital-out-of-home market is expected to dominate the global digital-out-of-home market due to the large presence of media owners in the U.S. The digital-out-of-home market has huge potential in China owing to major technological advancements in the retail and entertainment market. The SEA and Others of APAC digital-out-of-home market will be a target market for market participants looking to penetrate the BFSI and corporate & government segment. Latin America is estimated to grow at a moderate CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America digital-out-of-home market over the forecast period.

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Key Segments Covered in Digital-Out-of-Home Market

Platform

Digital Billboard & Signage (DBB)
Digital Place-based Networks (DPN)

Industry

Retail
Corporate & Government
Healthcare
Hospitality
Transportation
Entertainment
BFSI
Education
Others

Key Regions covered:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
SEA and other of APAC
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- China
Japan
MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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Global Cervical Spacer Systems Industry Poised for Significant Growth at 6.9% CAGR, Reaching US$744.2 Million by 2033 | FMI Study

The Global Cervical Spacer Systems Industry is on a trajectory for substantial growth, according to a recent market analysis. The market is projected to surge from an estimated value of US$382.7 million in 2023 to a staggering US$744.2 million by 2033. This remarkable ascent translates to a noteworthy Compound Annual Growth Rate (CAGR) of 6.9%, signifying a strong and consistent upward trend for the industry.

Obesity, joint discomfort, numbness in the extremities, and limited range of motion have emerged as key factors driving the cervical spacer systems market. As people seek effective answers to these health issues, demand for sophisticated cervical spacer systems is projected to skyrocket.

Researchers at Future Market Insights (FMI) have conducted an exhaustive study, leaving no stone unturned in providing readers with a comprehensive understanding of the market dynamics. The in-depth analysis encompasses drivers, trends, challenges, and restraints, ensuring a holistic perspective. Drawing from both historical data and meticulously projected figures, the report dissects the expansive study across various geographies and end-use segments.

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Analysts at FMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.

FMI’s report includes a dedicated section expounding on both the short-term and long-term impact of the pandemic on the Global Cervical Spacer Systems Industry. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.

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Data collected from reliable primary and secondary sources
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Global Cervical Spacer Systems Industry: Segmentation

Based on the size of the spacer

12x12mm
12x14mm
14x16mm
16x18mm

Based on the Material used

PEEK radiolucent polymer
Metal or alloy

Global Cervical Spacer Systems Industry: Competition Analysis

The study bestows valuable insights into the competitive landscape of the Global Cervical Spacer Systems Industry, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include

Life Spine Inc
Exactech Inc
Biomet, Inc
Stryker
Zimmer Inc
Paonan Biotech Co Ltd

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Key Questions Answered in FMI’s Global Cervical Spacer Systems Industry Report

Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factor propelling the demand for Breath Samplers during the forecast period?
How current socio-economic trends will impact the Cervical Spacer Systems market?
What are the growth strategies implemented by prominent players in the Global Cervical Spacer Systems Industry to maintain their foothold in the competitive landscape?

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Global Parkinson’s Disease Market for Spectacular Growth, Projected to Reach US$ 6.1 Billion with a steady compound annual growth rate (CAGR) of 5.1% by 2033

The global Parkinson’s Disease market is expected to witness substantial growth in the coming decade, reaching a projected value of US$ 6.1 billion by 2033. This represents a significant increase from the estimated market size of US$4.82 billion in 2023, with a steady compound annual growth rate (CAGR) of 5.1% anticipated between 2023 and 2033.

Males are more likely than females to suffer Parkinson’s disease, according to the Parkinson’s Foundation. It was shown that men were more likely to experience it, with their risk being around 1.5 times higher than that of women. People over 60 are typically impacted by it. Exercise and other forms of therapy can help reduce a lot of the symptoms associated with Parkinson’s disease in addition to medication. Safinamide, levodopa, benztropine, pramipexole, and selegiline are a few of the medications that are crucial therapy alternatives for people with Parkinson’s disease.

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Increasing pharmacological approvals for the Parkinson’s disease treatment are anticipated to stimulate market expansion throughout the anticipated time frame. For instance, the Japanese pharmaceutical and biotechnology company Kyowa Kirin Co., Ltd. reported in August 2019 that the NOURIANZ medication has received FDA clearance in the United States (istradefylline). It is used as an additional therapy to levodopa/carbidopa in adult patients with Parkinson’s disease who are having ‘OFF’ episodes (PD).

When a patient’s medications are not functioning effectively, it can lead to an increase in Parkinson’s disease (PD) symptoms including tremor and walking problems, which is known as an “off episode.” In the US, NOURIANZ (istradefylline), an antagonist of the adenosine A2A receptor, is used for Parkinson’s disease. The medication offers patients with Parkinson’s disease a brand-new non-dopaminergic once-daily oral treatment alternative. Such developments are expected to spur the global growth in the Parkinson’s disease market from 2023-2033.

Key Takeaways from the Market Study

The global Parkinson’s disease market is currently worth more than US$ 4.82 Billion.
In 2023, the Carbidopa-levodopa segment by drug class type is expected to take the dominant market share of 32%.
In 2023, considering the age type, the adult segment is predicted to gain a 21% market share.
The North American market for Parkinson’s disease is predicted to grow with a steady CAGR of 12.5% from 2023-2033.
The APAC for Parkinson’s disease is expected to grow with a steady CAGR of 12% during 2023-2033.

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Competitive Landscape

Some of the top players in the global Parkison’s disease market are:

Sunovion Pharmaceuticals
Adamas Pharmaceuticals
Neurocrine Biosciences
Supernus Pharmaceuticals
Alectos Therapeutics
Kyowa Kirin
AbbVie
Integrative Research Laboratories AB
Annovis Bio Inc.
Cerevel Therapeutics
Biogen Inc.
Amneal Pharmaceuticals

Some of the recent developments in this domain are:

Biogen Inc. and Alectos Therapeutics signed an agreement in June 2022 to develop and market GBA2 inhibitors (AL01811), a possible therapy for Parkinson’s disease patients. This agreement grants Biogen worldwide rights to research, manufacture, and commercialize AL01811. They think they will be well-suited to assist bring AL01811 to patients who need it by combining Alectos’ experience in small-molecule therapies with Biogen’s worldwide development expertise in Parkinson’s disease. They are indeed energized by the prospect of using Biogen’s commercial skills to raise the standard of treatment in Parkinson’s disease as well as movement disorders in general.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Parkinson’s disease market, presenting historical demand data (2018-2022) and forecast statistics from 2023 to 2033.

The study divulges essential insights on the market based on the parkinson’s disease market by type (juvenile parkinson disease, young-onset parkinson’s disease, idiopathic parkinson disease), by age (adult and pediatric), by diagnosis (CT Scan, MRI Scan, DaTSCAN-SPECT scan, PET Scan), by drug class (carbidopa-levodopa, carbidopa-levodopa infusion, dopamine agonists, monoamine oxidase b inhibitors, catechol o-methyltransferase inhibitors, anticholinergics, amantadine) and regions.

Key Segments Profiled in the Amyotrophic Lateral Sclerosis Industry Survey

Treatment:

Medication
Stem Cell Therapy
Others

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Others

Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Global Atrial Appendage Occluder Industry is expand at a CAGR of 23.6%, reaching US$ 8,193.0 Million by 2033 | FMI Report reveals

The Global Atrial Appendage Occluders Industry is spearheading innovation and progress in the rapidly evolving landscape of cardiovascular healthcare. Industry analyst projections anticipate a remarkable trajectory for this market, with estimations indicating a surge from US$983.5 million in 2023 to a staggering US$8,193.0 million by 2033. This translates to a Compound Annual Growth Rate (CAGR) poised for exponential growth in the coming decade.

Atrial appendage occluders are expected to expand at an impressive compound annual growth rate (CAGR) of 23.6% throughout the predicted period. This increase is a result of both technology breakthroughs and a greater understanding of the vital role these devices play in reducing the incidence of arrhythmic cardiovascular disorders, particularly atrial fibrillation.

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To avoid such difficulties, in addition to oral anticoagulants, an occluder can be used to permanently block off the LAA. Atrial appendage occlusion, which includes inserting a plug into the appendage, is a potential approach for protecting patients’ cardiovascular health.

According to a recent study published in the journal Clinical Medical Insights: Cardiology, atrial fibrillation affects about 2% of the global population, with the disease’s incidence expected to rise fivefold over the next four decades, particularly in the United States due to its growing elderly population.

Global Atrial Appendage Occluder Industry: Drivers and Restraints

The increased number of cardiovascular patients diagnosed with thromboembolism and atrial fibrillation worldwide is driving the global market for Atrial Appendage Occluders. Sedentary lifestyles and accompanying diseases such as diabetes, obesity, and hypertension have further increased demand for such devices, paving the way for market expansion.

However, the restricted usage of LAA occluders in patients at high risk of stroke and bleeding while on anticoagulant medication may limit market expansion. Furthermore, the implantation and removal of the device can result in complications such as tissue erosion, which may necessitate open-heart surgery, restricting market growth. Furthermore, unfavorable laws governing endocardial LAA closure have stifled industry expansion.

Global Atrial Appendage Occluder Industry: Overview

With only a few competitors, the Global Atrial Appendage Occluder Industry is extremely consolidated. According to the World Health Organisation (WHO), over 15 million strokes occur worldwide each year. In 2010, the US spent around $53.9 billion on health care services, and medications, and lost work days due to a heart attack.

Ischemic strokes, which occur when blood circulation to the brain is disrupted, account for approximately 87% of all strokes. Stroke is the third leading cause of death and the leading cause of long-term disability. Atrial fibrillation is responsible for around 20% of ischemic strokes.

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Atrial Appendage Occluder Industry: Region-wise Outlook

North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East and Africa are the geographical segments of the Atrial Appendage Occluder Market. The North American market now leads the global industry, owing mostly to its vast elderly population.

Global Atrial Appendage Occluder Industry: Key Players

The key players in the Global Atrial Appendage Occluder Industry include Appriva Medical Inc., Boston Scientific, St. Jude Medical, SentreHEART Inc, pfm medical ag., Occlutech, W. L. Gore & Associates, Inc., Cardia, Inc. and AtriCure, Inc.

Key Segments Profiled in The Global Atrial Appendage Occluder Industry Survey

By Type of indication:

Non-valvular Atrial Fibrillation

The Procedure of Positioning of the Device:

Endocardial
Epicardial

By End-user:

Hospitals
Clinics

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

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Author

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Global 3D Surgical Microscope Systems Industry Set to Boom, Reaching US$3.2 Billion by 2033 at a CAGR of 10.2% | FMI Reveals

The Global 3D Surgical Microscope Systems Industry is poised for a remarkable surge, with Future Market Insights (FMI) predicting a staggering market expansion. The market is projected to reach a value of US$3,204.8 million by 2033, reflecting a significant jump from US$1,212.4 million in 2023. This phenomenal growth is fueled by a robust Compound Annual Growth Rate (CAGR) of 10.2%, highlighting the transformative potential of 3D surgical technology.

Modern surgical settings now rely heavily on 3D surgical microscope systems, visual marvels that may be powered by electricity or mechanical means. These systems are the mainstay of microsurgery. Instead of using a slide and microscope, this cutting-edge equipment provides stereoscopic vision, 4x–40x magnification, and an incredibly clear view of the surgery region.

The transformative shift towards 3D surgical microscope systems is driven by the heightened demand for advanced diagnostic techniques. As global disease incidences and infection rates surge, the industry is witnessing an upswing, further propelled by increased government funding, substantial investments in healthcare infrastructure, and unwavering efforts in research and development.

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Surgical equipment is also being updated and modernized. Today’s surgical magnifying instruments can be fixed on a stand, placed on the operating table, or worn by the surgeon. With the use of these tools, the specialist can view the surgical site more clearly. As a result, 3D surgical microscope systems are used in a variety of specialties, including dentistry, gynecology, urology, ophthalmology, neurosurgery, spine surgery, cancer, reconstructive procedures, and many more. This is encouraging for the future market for 3D surgical microscope systems. Other factors that boost the market sales are the increasing number of ophthalmic and dental surgeries, the rising popularity of 3D surgical microscope systems in diagnostic centers, hospitals, research organizations, etc., as well as the progression in customized microscopy solutions and healthcare facilities.

“Rising adoption of fluorescence picture-guided surgery (FIGS) and the improved perception power, compactness, and steadiness provided by Global 3D Surgical Microscope Systems Industry are likely to supplement the market growth over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

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Global 3D Surgical Microscope Systems Industry Key Takeaways:

Rising demand from multiple end-users to stimulate market possibilities.
High capital investment may hamper the market prospects for 3D surgical microscope systems.
Adoption of technological advancements to boost market growth in North America.
Increasing patient pool drives the 3D surgical microscope systems market in Europe.
The start-up environment in the 3D surgical microscope systems market is likely to have a positive influence on future prospects.

Global 3D Surgical Microscope Systems Industry Competitive Landscape

Leica Microsystems, Olympus Corporation, TrueVision 3D Surgical, Inc., Alcon, Carl Zeiss Meditec AG, Chammed Co., Ltd., Seiler Instrument, Inc., Hagg-Streit Surgical GmbH, Synaptive Medical, Topcon Corp., Takagi Seiko Co., Ltd., Hagg-Streit Surgical GmbH, Synaptive Medical, ARI Medical Technology Co., Ltd., and others are some of the major players in the Global 3D Surgical Microscope Systems Industry profiled in the full version of the report.

Major market players are focusing on utilizing new technologies to gain a competitive edge. These businesses employ tactics like strategic mergers and partnerships with other companies and academic institutions.

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Key Segments Profiled in the Global 3D Surgical Microscope Systems Industry Survey

Product Type:

Ear, Nose, Throat (ENT) Microscopes
Ophthalmic Microscopes
Colposcopy
Others

Application:

Neuro and Spine Surgery
Plastic and Reconstructive Surgery
Oncology
Ophthalmology
ENT Surgery
Gynecology and Urology
Dentistry

End Users:

Hospitals
Diagnostic Laboratories
Research Organizations
Research Institutes
Others

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Difficile Infections Treatment Market Set to Surge, Projected to Reach US$ 1,448.75 Million at a CAGR of 6% predicted from 2023 to 2033

The global Difficile Infections Treatment Market also known as Clostridium Difficile Associated Disease (CDAD), is anticipated to reach a value of US$809 million in 2023. This market is expected to exhibit steady growth with a compound annual growth rate (CAGR) of 6% projected from 2023 to 2033.

Difficile infections are caused by the bacterium Clostridium difficile (C. Diff), which can cause inflammation and diarrhea. These infections are often associated with antibiotic use, particularly in healthcare settings. The rising incidence of hospital-acquired infections and increased awareness of CDAD are key drivers propelling market growth.

The illness known as Clostridium difficile infection (or CDI) is brought on by the poisonous substances that the spore-forming bacteria “Clostridium difficile” in the digestive system produces. It is one of the numerous causes of diarrhea brought on by antibiotics, and its symptoms can range from moderate, self-limiting diarrhea to severe diarrhea, pseudomembranous colitis, and even fulminant colitis, which can be fatal.

Utilization of antimicrobial drugs is expected to drive growth in the Clostridium difficile infection therapeutics market. Throughout the forecast timeframe, the aging global population is likely to drive the clostridium difficile infection treatment market. Moreover, contemporary lifestyles, sophisticated medical systems, and technological progress are expected to drive business growth in the coming years.

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Since the infection is becoming less common, the market for clostridium difficile infection treatments in European countries is shrinking. In Europe, the number of fatalities caused by healthcare-related CDI is estimated to be 3,700 per year. Because of the presence of mandatory monitoring, adherence to isolation, hygiene practices, and sanitation protocols, along with the tracking of antibiotic prescriptions, has advanced.

Key Takeaways from the Market Study

Global difficile infection treatment worth to reach US$ 1,448.75 Million by 2033
Clostridium difficile infection was most common in the United States, representing nearly 70% of all cases.
In Europe, the number of fatalities caused by healthcare-related CDI is estimated to be 3,700 per year.
Clostridium difficile infects approximately half a million North Americans each year, according to the Centers for Disease Control (CDC).
In North America, nearly 29,000 deaths occur within one month of being diagnosed with C. difficile.

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Market Competition

Key players in the clostridium infections (clostridium difficile associated disease) market are Roche AG, Thermo Fisher Scientific Inc., Merck & Co., Pfizer, Inc., Actelion Pharmaceuticals, Alere, Inc., Trinity Biotech, Summit Therapeutics, Baxter International Inc., Sanofi S.A., Novartis AG, and AstraZeneca Plc.

Thermo Scientific^TM Xpect^TM difficile Toxin A/B Test, launched by Thermo Fisher Scientific Inc. in September 2021, detects Clostridium difficile toxin A and B in human fecal specimens. It combines superior clinical efficiency with a straightforward three-step procedure.
The TOX A/B QUIK CHEK ® test from Tech Lab is a rapid enzymatic immunoassay that was released in February 2021. Antibodies against C. difficile toxins A and B are used in the test. A Response Window with two stripes is included in the device. A toxin A and B test line is denoted by one stripe. The monitoring line is the other striped line.

Key Segments Profiled in the Difficile Infections (Clostridium Difficile Associated Disease) Treatment Market Industry Survey

By Treatment:

Antimicrobial Therapy
Faecal Microbiota Transplantation

By Drug Type:

Metronidazole
Vancomyci
Fidaxomicin

By End User:

Hospital
Pharmacies
ASCs

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