Orthopedic Braces and Support Market to Surpass USD 8.8 Billion by 2034 at a 6.7% of CAGR

Orthopedic Braces and Support Market
Orthopedic Braces and Support Market

The orthopedic braces and support market is poised for significant growth over the next decade. According to the latest market analysis, the market is expected to surpass a valuation of USD 4.6 billion by 2024 and is projected to further expand, reaching a value of USD 8.8 billion by 2034. This growth reflects a robust CAGR of 6.7% over the assessment period.

The increasing prevalence of orthopedic conditions, rising geriatric population, and growing awareness about preventive care are key drivers of this market’s expansion. Orthopedic braces and supports play a crucial role in managing and rehabilitating musculoskeletal disorders, enhancing mobility, and improving the quality of life for patients.

Technological advancements in orthopedic devices, coupled with an increasing number of sports-related injuries and the rising adoption of orthopedic braces for post-operative care, are further propelling market growth. The demand for these devices is expected to continue rising as healthcare providers and patients seek effective, non-invasive solutions for orthopedic issues.

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Patients who require stability and support during the treatment and recuperation of musculoskeletal conditions and injuries can benefit from orthopedic braces and supports. The increasing prevalence of orthopedic diseases and the advancement of orthopedic brace technologies are driving the global need for state-of-the-art braces and supports.

Orthopedic braces and supports offer a wide range of benefits, including pain relief, improved joint stability, and support during recovery from injuries. They play a crucial role in various applications, from post-surgical rehabilitation to chronic pain management and sports injury prevention.

Top Recommended Strategies to Stay Ahead of Market Competition:

  • Key players can use smart sensors, materials, and biofeedback mechanisms to provide rehabilitation experiences and personalized support for effective rehabilitation bracing solutions.
  • Companies need to prioritize research to develop new materials, applications, and designs for braces and support to effectively meet the needs of patients and align with emerging trends.
  • Industry participants can consider collaborating with experts to prepare products validated for science and practical use cases.
  • Market contenders can offer customization options like personalized support levels and custom-fit braces to meet individual needs effectively.
  • By focusing on streamlining the purchase process, like offering hassle-free returns and convenient online ordering options, players can build loyalty and trust among their target market.

Recent Developments

  • In October 2023, OrthoPediatrics Corp. launched the DF2 Brace as a strategy to expand into non-surgical business to treat kids suffering from musculoskeletal injuries.
  • In September 2023, Enovis Corporation officially disclosed the acquisition of LimaCorporate S.p.A. The acquisition of the latter company added a wide variety of orthopedic medical devices like braces and other support apparatus.

Key Players in the Orthopedic Braces and Support Industry:

  • DJO, LLC (United States)
  • Zimmer Biomet (United States
  • Medtronic (Ireland)
  • Stryker Corporation (United States)
  • Össur (Iceland)
  • NuVasive®, Inc (United States)
  • Integra LifeSciences Corporation (United States)
  • Globus Medical (United States)
  • OTTOBOCK (Germany)
  • AC Mould Engineering Limited (China)
  • Johnson and Johnson Services, Inc (United States)
  • Weber Orthopedic LP. DBA Hely and Webe (United States)
  • BSN medical (India)
  • Becker Orthopedic (United States)
  • OPPO MEDICAL INC (United States)
  • Langer Biomechanics (United States)
  • Frank Stubbs Company Inc. (United States)
  • DeRoyal Industries, Inc (United States)
  • Ascent Meditech Limited (India)
  • Alcare Co., Ltd (Tokyo)
  • Others

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Orthopedic Braces and Support Industry by Category:

By Product:

  • Braces and Supports Type
    • Knee Braces for Osteoarthritis and Ligament Injuries
    • Post-operational Knee Braces
    • Upper Spine Orthoses
    • TLSOs
    • LSOs
    • Soft Braces
    • Hinged Braces
    • Pneumatic
    • Non-pneumatic
    • Elbow Braces and Supports
    • Wrist Braces and Supports
  • Pain Management Products
    • Cold Therapy Products
    • DVT Products

By End-user:

  • Orthopedic Clinics
  • Over the Counter (OTC)
  • Hospitals
  • DME Dealers
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East and Africa

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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.

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Tip Location Device Market Projected to Reach USD 357.7 Million by 2034 at a compound annual growth rate (CAGR) of 4.2%

Tip Location Device
Tip Location Device Market

The tip location device market is on a steady growth trajectory, with an estimated valuation of USD 238.9 million in 2024. According to recent market analysis, the demand for tip location devices is anticipated to expand at a compound annual growth rate (CAGR) of 4.2% over the next decade, reaching a market value of USD 357.7 million by 2034.

This market is expanding due to the growing need for precise and trustworthy tip positioning devices in medical operations. These tools are vital for making sure that catheters are positioned precisely, which is necessary for administering intravenous treatments in an efficient manner. The market is expanding due in large part to the rising number of surgeries, the rising frequency of chronic diseases, and the increased emphasis on patient safety.

The development of more effective and user-friendly tip placement devices, along with advancements in medical technology, is driving the growth of this market. Because these devices can improve catheter placement accuracy and safety, it is anticipated that their use in healthcare facilities across the globe would increase.

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Tip localization devices are vital to medical procedures because they provide accurate feedback on catheter tip location, hence reducing the need for additional imaging techniques such as X-rays. Reduced radiation exposure for patients and expedited workflows for medical professionals lead to better patient outcomes and increased operational effectiveness.

Several factors are contributing to the market’s expansion:

  • Focus on Procedural Efficiency and Patient Safety: Healthcare providers are increasingly seeking technologies that streamline procedures and minimize complications. Tip location devices offer real-time visualization of catheter placement, reducing the need for fluoroscopy (X-ray imaging) and associated radiation exposure.
  • Demand for Point-of-Care Monitoring: The ability to continuously monitor catheter position at the point of care allows for immediate intervention in case of dislodgement, improving patient outcomes.
  • Advancements in Imaging Technologies: Companies are actively investing in research and development of advanced imaging technologies for tip location devices. This includes the development of infusion therapy devices with features that provide real-time, accurate information about catheter tip placement.

The Battle for Market Dominance: Key Players Making Strategic Moves in the Tip Location Devices Industry

The Tip Location Devices industry is highly competitive, with a large number of established players as well as new entrants vying for market share. Some of the key players operating in the market include C. R. Bard, Inc., Teleflex Incorporated, AngioDynamics, Inc., Cognate Bioservices, Inc., B. Braun Melsungen AG, Integra LifeSciences Corporation, VYGON, and Intravenous Medications, Inc.

These companies are constantly innovating and introducing new products to stay competitive in the market. They are also focusing on strategic partnerships and collaborations with other industry players to expand their product portfolios and reach new markets.

The market is also characterized by a high degree of fragmentation, with numerous small and medium-sized players operating in various regional markets. These players often specialize in specific product categories or geographical regions and compete based on price, quality, and innovation.

In addition to traditional medical device companies, there are also several startups and emerging players in the market, many of which are focused on developing innovative and disruptive technologies. These companies often focus on niche areas of the market, such as wearable Tip Location Devices, or ultrasound-based systems for catheter placement.

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More Insights Available:

North America and Europe are the major markets for vascular access devices, owing to the presence of advanced healthcare infrastructure, high healthcare expenditure, and the increasing prevalence of chronic diseases. Moreover, the high adoption rate of innovative medical devices and favorable reimbursement policies are also driving the growth of the vascular access devices market in these regions.

Competitive Landscape of the Tip Location Device Market:
Leading businesses are strategically partnering and broadening their geographic reach in order to bolster their positions. These businesses want to have a revolutionary effect on the tip positioning devices market by offering increased precision in less invasive treatments. Important market participants are expanding geographically in order to reach a wider audience and seize new opportunities.

Recent Developments in the Tip Location Device Market

  • In May 2023, Teleflex Incorporated launched two groundbreaking devices set to transform PICC insertion procedures. The Arrow® VPS Rhythm® DLX device and NaviCurve™ Stylet together bring a new level of efficiency and predictability for vascular access specialists.
  • In June 2023, BD inaugurated a state-of-the-art research and development center in Dublin, investing around US$ 4.32 million. It also announced plans to allocate a further approximately US$ 32.41 million to improve its manufacturing facility in Enniscorthy, Ireland.

Key Segments:

By Product:

  • Tip Location System
  • Accessories
    • ECG Cables
    • ECG Clip Cables
    • ECG Lead Set

By Technology:

  • ECG Tip Confirmation
  • ECG with Magnetic Tracking
  • ECG and IV Doppler

By End User:

  • Hospitals
  • Ambulatory Surgical Centers (ASCS)
  • Catheterization Labs

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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.

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Preterm Birth Prevention and Management Market to Surpass USD 4.49 Billion by 2034 at a 10.2% of CAGR

Preterm Birth Prevention and Management Market
Preterm Birth Prevention and Management Market

The preterm birth prevention and management market is set to experience remarkable growth over the next decade. Valued at an estimated USD 1.70 billion in 2024, the market is projected to exceed USD 4.49 billion by 2034, registering an impressive Compound Annual Growth Rate (CAGR) of 10.2%.

The increasing focus on preventing and managing preterm births across both developed and developing countries is driving this growth. With the adoption of advanced therapeutics and management strategies, healthcare providers are better equipped to address the challenges associated with preterm births. These efforts are crucial in improving neonatal outcomes and reducing the long-term health complications associated with preterm births.

The market’s expansion is also fueled by rising awareness, increased healthcare investments, and ongoing advancements in medical technologies. The growing emphasis on research and development in this field further enhances the potential for innovative solutions to prevent and manage preterm births effectively.

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The market’s expansion is fueled by several factors, including increased research and development activities, technological advancements in prenatal care, and supportive government initiatives. Furthermore, the integration of advanced diagnostic tools and personalized medicine approaches are revolutionizing the prevention and management of preterm births, offering tailored solutions to meet the unique needs of expectant mothers.

As the global preterm birth prevention and management market continues its upward trajectory, industry stakeholders are well-positioned to capitalize on emerging opportunities. By leveraging advancements in medical science, enhancing accessibility to therapeutic solutions, and fostering awareness, the industry can make significant strides in combating preterm birth and promoting maternal and child health.

Key Takeaways of the Study

  • Development of higher complexity specific portfolios and consistent focus on areas of strength while working pipelines are the cornerstone for success in the preterm birth prevention market space.
  • Ensuring preterm interventions and research given proportional focus, so funding is aligned with health burden to curb the mortality rate
  • Makena, with various approvals for the treatment of preterm birth in potential female patient pool, contributed to the dominance of the progesterone therapy segment by therapy type in 2018 and continue to do so during the forecast period.
  • Highly effective therapies with cost advantage over are expected to generate significant revenue in the long run.
  • Majority of the global preterm birth cases have not been directed towards preterm diagnostic leading to higher mortality rates and complications
  • Sale of Hydroxyprogesterone over antihypertensive drugs such as Nifedipine, and labetalol in the global preterm birth prevention and management market has increased drastically owing to quicker onset of action and higher efficacy.

The demand from high preterm birth rate countries, development of new drug entity, loss of exclusivity in hydroxyprogesterone, and growth strategies based on tie up with distribution channel partners are projected to offer new growth opportunities for the preterm birth prevention and management market.

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Launch of Cost-effective Therapies Bodes Well for Market

New revenue opportunities in developed economies, and orphan drug designation by FDA are contributing significantly towards the launch of cost-effective therapies. A few other factors assisting the growth of preterm birth prevention and management market include adoption of preterm diagnostic tests and the economic burden of premature birth on the system.

Frequent drug shortages and unavailability of life-saving formulations in many parts of the country, growing initiatives by government and manufacturers for supply of life-saving preterm birth drugs, particularly in low income and developing countries, are driving the market growth.

Strategic Acquisitions by Key Players to Widen Regional Presence

The leading players in the preterm birth prevention and management market such as AMAG Pharmaceuticals, Pfizer Inc., and Mylan, are concentrating on organic revenue growth and commercial expansions by mergers and distribution agreements and capturing the untapped potential of the preterm birth prevention and management market.

  1. In 2022, AMAG Pharmaceuticals, Inc. a largest preterm birth prevention and management drug manufacturer announced the completion of acquisition of Perosphere Pharmaceuticals Inc., a private biopharmaceutical firm. With the acquisition, AMAG received ciraparantag to its development portfolio. This acquisition further strengthened AMAG Pharmaceuticals hold of preterm birth prevention and management business with addition of heparin therapy
  2. AMAG acquired the global rights to R&D and marketing of digoxin immune Fab, a drug used to treat severe preeclampsia in pregnant women from Velo Bio, LLC.

More Valuable Insights on Preterm birth prevention and management Market

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2014 to 2029. The global preterm birth prevention and management market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Preterm Birth Prevention and Management Market by Category

By Therapy Type:

  • Progesterone Therapy
  • Corticosteroid Therapy
  • Tocolytics Therapy
  • Antihypertensive Therapy
  • Magnesium Sulfate Therapy
  • Heparin Prophylaxis Therapy
  • Low-Dose Aspirin Therapy
  • Antibiotics Therapy

By Route of Administration:

  • Oral
  • Parenteral
  • Vaginal

By Patient Type:

  • Prior Spontaneous PTB
  • Preeclampsia
  • Short Cervix
  • Chronic Hypertension
  • Insulin-dependent
  • Twins
  • Antiphospholipid Antibody Syndrome
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Mail Order Pharmacies

By Region:

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

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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.

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Preterm Birth Diagnostic Test Kit Market to Reach USD 316.5 Million by 2034 at a 7.6% of CAGR

Preterm Birth Diagnostic Test Kits Market
Preterm Birth Diagnostic Test Kits Market

The preterm birth diagnostic test kit market is poised for significant growth over the next decade. Projected to reach a valuation of USD 152.2 million in 2024, the market is expected to expand at a compound annual growth rate (CAGR) of 7.6%, achieving a value of USD 316.5 million by 2034. This growth is driven by the increasing demand for economical diagnostic tests that provide swift results for detecting preterm labor and membrane damage.

The global preterm birth rate is rising, which is one of the main factors fueling this market’s expansion. The management of preterm newborns depends heavily on early detection and prompt intervention, which has increased demand for trustworthy and efficient diagnostic test kits. By determining the likelihood of preterm labor, these kits let healthcare professionals take preventative action and enhance infant outcomes.

The market is expanding due to developments in diagnostic technology and growing awareness of the significance of early detection. The market’s promising future is further supported by the increasing expenditure on research & development as well as the expanding use of these test kits in medical institutions throughout the world.

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One of the main factors propelling the market’s expansion is the increased public awareness of preterm birth difficulties and the need of early detection and intervention. It is projected that as healthcare systems around the world prioritize the health of women and infants and close critical gaps in prenatal care, the usage of preterm birth diagnostic test kits will increase dramatically.

The positive outlook for the worldwide market for preterm birth diagnostic test kits emphasizes how important it is for industry participants to keep coming up with new ideas, staying informed, and cooperating. As the industry grows, manufacturers, policymakers, and healthcare professionals will have a great chance to enhance prenatal care and reduce the number of premature births.

Key Findings Presented in the Report on the Preterm Birth Diagnostic Test Kits Market:

According to the data, the number of births in 2017 was roughly 115.4 million, of which 12.8 million or 11.1% were preterm. Preterm birth problems are the biggest cause of death for children under the age of five, according to the World Health Organization. In 2015, they were directly responsible for around one million deaths. Of these, cost-effective measures can avoid three-quarters of these deaths. Across different regions, preterm birth diagnostic test kit adoption rates varied from 2% to 15%. A substantial chunk of the preterm birth test kit market has gone untapped, leaving it open for manufacturers of preterm diagnostic test kits. This is because the majority of the current patient pool is ignorant of the cost-saving advantages of preterm birth diagnostic test kits.

Analysis of the Preterm Birth Diagnostic Test Kits Market:

The most common sample used for preterm labor and premature membrane rupture diagnosis in preterm birth diagnostic test kits is blood. The most popular and widely recognized preterm birth diagnostic test kits among end users are those that employ blood samples for preterm birth diagnosis. On the other hand, preterm birth diagnostic test kits using vaginal discharge sample type are becoming more and more common.

Patients experiencing symptoms of preterm birth are primarily referred to hospitals, outpatient clinics, and diagnostic laboratories that use preterm birth diagnostic tests. Because they are the principal healthcare institution for preterm cases, hospitals are expected to account for the majority of the revenue share under the end users segment for the preterm birth diagnostic test kits market in 2017.

Preterm Birth Diagnostic Test Kits Market – Competitive Landscape:

The key players of this market are adopting strategies such as product launch, acquisition, partnership and collaborations to gain expand their market presence and open up new streams of revenue generation.

  • In June 2021, Medix Biochemica announced the launch of a new molecular diagnostic reagents division named “MedixMDx” to offer extensive range of products and services for their customers.
  • In September 2020, QIAGEN announced the acquisition of NeuMoDx Molecular Inc., which helped the company to complete their product portfolio of PCR technology based automated molecular testing solutions.
  • In May 2021, Sera Prognostics announced a strategic commercial partnership with Anthem Inc., to make their “PreTRM® “tests available to all the customers of Anthem in the U.S.

Since the awareness of preterm birth diagnostic test kits is increasing, the demand for these kits will rise in the next few years. This creates many lucrative opportunities for the key players of this industry.

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Key Companies Profiled:

  • Qiagen
  • Medix Biochemica
  • Hologic Inc.
  • Sera Prognostics
  • IQ Products
  • Creative Diagnostics
  • Nanjing Liming Biological Preparations Co., Ltd.
  • Clinical Innovations, LLC
  • Bioserv Diagnostic GmbH

Preterm Birth Diagnostic Test Kits Market, By Category:

Product:

  • ffN Test
  • PAMG-1 Test
  • IGFBP-1 Test

Sample:

  • Blood
  • Urine
  • Vaginal Discharge

End User:

  • Hospitals
  • Diagnostic Laboratories
  • Outpatient Clinics
  • Research Centers

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle-East & Africa
  • APECJ
  • China
  • Japan

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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.

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Pulse Electromagnetic Field Therapy Devices Market is projected to grow at a CAGR of 8.6% to reach USD 1 Billion by 2032 | FMI

Pulse Electromagnetic Field Therapy Devices Market
Pulse Electromagnetic Field Therapy Devices Market

The Pulse Electromagnetic Field Therapy Devices Market is experiencing an electrifying surge! A recent report by Future Market Insights predicts the market will reach a staggering USD 1 Billion by 2032, reflecting a strong Compound Annual Growth Rate (CAGR) of 8.6% from 2022. This translates to a significant absolute dollar opportunity of USD 580 Million.

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According to the International Osteoporosis Foundation, osteoporosis results in 8.9 million fractures annually. Additionally, there are 1.6 million hip fractures worldwide each year, and between 4.5 and 6.3 million hip fractures are anticipated by 2050. As a result, as the incidence of osteoporosis increases, so will the demand for PEMF therapy devices.

Increased fractures from falls, accidents, and sports injuries, as well as poor road conditions in various nations, are some of the causes driving the market’s expansion. A significant portion of people worldwide are affected by fractures brought on by sports-related injuries, accidents falls from a particular height, and symptoms including arthritis, knee discomfort, and joint pain.

According to WHO figures, around 1.3 million people die each year because of traffic accidents. Furthermore, low- and middle-income countries account for the majority of worldwide traffic fatalities. Poorly maintained roads can result in a variety of injuries and pain in various body areas.

Pedestrians may become hurt by potholes, uneven pavement, fractured surfaces, and road cracking, all of which require medical attention. The danger of accidents and other injuries that might result in severe pain is also increased due to governments’ lack of focus on enhancing road infrastructure, which drives up healthcare costs for individuals.

Pulse Electromagnetic Field Therapy Devices Market Competitive Landscape

Some of the players operating in the pulse electromagnetic field therapy devices market include 

Bedfont Scientific, Orthofix Holdings, Nuage Health, Bemer, Oxford Medical Instruments Health, OSKA, Medithera, NiuDeSai, and I-Tech Medical Division.

Some of the recent developments of key players in the Pulse Electromagnetic Field Therapy Devices Market are as follows:

  • In August 2021, BEMER, released its latest Go-Edition to help people improve their health and well-being while on the go. A low-intensity pulsed electromagnetic field (PEMF) is used in the new portable set to increase muscle conditioning, performance, strength, and recuperation. Furthermore, the Go-Edition is an FDA-approved Class 11 medical device.
  • In April 2021, Orthofix entered into an agreement with IGEA S.p.A., a biomedical company that specializes in biophysical therapeutics. The current agreement enabled the companies to collaborate on expanding the range of their bone, cartilage, and soft tissue stimulation treatments all over the United States.
  • In September 2020, OSKA Wellness’ OSKA Pulse technology-enabled products were introduced in India. PETF technology used by OSKA Pulse has been scientifically tested to be effective in increasing the functionality of patients who have motor difficulties, had back problems or had been in calf pain, among other conditions.
  • In February 2020, Orthofix launched the new STIM onTrack mobile app version 2.1, which allows for enhancing the treatment with CervicalStim, SpinalStim, and PhysioStim bone growth stimulators by assisting patients to share PROM data remotely along with device usage data.

More insights:

North America is expected to dominate the Pulse Electromagnetic Field Therapy Market due to the increasing prevalence of chronic diseases such as arthritis, chronic pain, and depression. The region also has a well-established healthcare infrastructure and is home to many key market players.

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Segments Covered in Pulse Electromagnetic Field Therapy Devices Market Analysis

By Component:

  • Low Frequency
  • High Frequency

By Application:

  • Bone Growth
  • Pain Management
  • Other Applications

By End-use:

  • Home Care Settings
  • Hospitals
  • Other End-uses

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 is 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.

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Wearable Sleep Tracker Market Set to Reach USD 2,458.60 Million by 2034 at a 4.5% of CAGR

Wearable Sleep Tracker Market
Wearable Sleep Tracker Market

In the latest market update, the wearable sleep tracker market is forecasted to experience significant growth over the next decade. With a projected valuation of USD 1,583.20 million in 2024, the market is set to expand to USD 2,458.60 million by 2034, reflecting a compound annual growth rate (CAGR) of 4.5%. The rising prevalence of sleep dysfunctions is a key catalyst for this growth, as more individuals seek effective ways to monitor and manage their sleep health.

One of the main factors driving the market expansion for wearable sleep trackers is the increased prevalence of sleep disorders. Sleep trackers are being used more often to monitor sleep patterns and pinpoint potential triggers as an increasing number of people battle sleep disorders. The proliferation of wearable sleep tracking technologies is being driven by this rising demand.

Consumers are choosing these trackers because of their increased utility and attractiveness due to the integration of cutting-edge sleep-tracking technology with wearable gadgets. The market for wearable sleep trackers is anticipated to develop significantly as these trends continue to gain popularity and become more widely accepted.

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As wearable sleep trackers gain prominence and mainstream acceptance, industry stakeholders are poised to capitalize on emerging opportunities to meet the evolving needs of consumers. By leveraging advancements in sensor technology, data analytics, and user-centric design, manufacturers can enhance the accuracy, reliability, and user experience of wearable sleep tracking devices.

Market Dynamics Framing the Wearable Sleep Tracker Sector:

The rise of the wearable sleep tracking device market is being supported in large part by the rising prevalence of sleep disorders and rising disposable income. Wearable sleep trackers are expected to see significant growth in the market due to their accessibility through both online and offline distribution channels, as well as their increasing popularity as fashion items in emerging nations.

The wearable sleep tracker market is not growing as quickly as it could due to the high cost associated with smart wearable devices. The sales of wearable sleep trackers are limited by the fluctuating pricing of raw materials and the growing competition in the market.

The global wearable sleep tracker market is segmented on the basis of product type into:

  • Wearable Sleep Tracker Ring Devices
  • Wearable Sleep Tracker Wristband and Hand band Devices
  • Wearable Sleep Tracker Headband Devices
  • Wearable Sleep Mask Tracker Devices

The report begins with the market definition of wearable sleep tracker, followed by definitions of different types of wearable sleep trackers and applications for which these wearable sleep trackers are used. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global wearable sleep tracker market.

On the basis of the application, the global wearable sleep tracker market is segmented into:

  • Insomnia
  • Sleep Apnoea
  • Others

On the basis of the distribution channel, the global wearable sleep tracker market is segmented into:

  • Pharmacy and Retail Stores
  • Online Sales
  • Hypermarkets and Supermarkets
  • Others

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Next, the report analyses the market on the basis of regions and presents forecast in terms of value for the next 10 years. On the basis of region, the global wearable sleep tracker market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific excluding China and Japan
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia- Pacific excluding China and Japan
  • China
  • Japan
  • Middle East & Africa (MEA)
    • South Africa
    • GCC Countries
    • Rest of Middle East and Africa

In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify the growth opportunities for companies operating in the global wearable sleep tracker market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by the wearable sleep tracker market. To understand the key segments in terms of their growth and performance in the global wearable sleep tracker market, Future Market Insights has developed a market attractiveness index. The resulting index will help identify the existing market opportunities in the wearable sleep tracker market.

Key Segments:

By Product:

  • Wearable Ring Devices
  • Wearable Wrist and Hand band Devices
  • Wearable Headband Devices
  • Sleep Mask Tracker Devices

By Application:

  • Insomnia
  • Sleep Apnea
  • Others

By End User:

  • Pharmacy and Retail Stores
  • Online Sales
  • Hypermarkets and Supermarkets
  • Others

By Region:

  • North America
  • Western Europe
  • Asia Pacific
  • Latin America
  • Eastern Europe
  • Middle East and Africa

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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.

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Liquid Feed Supplements Industry Expected to Reach USD 10,072.6 Million by 2033, Growing at 5.0% CAGR

Liquid Feed Supplements

The liquid feed supplements market size is projected to be worth US$ 6,155 million in 2023 and is expected to reach US$ 10,072.6 million by 2033. The sales of liquid feed supplements are expected to capture a significant CAGR of 5.0% during the forecast period.

In the ever-evolving world of animal nutrition, liquid feed supplements have emerged as a powerful tool to enhance animal health, productivity, and overall performance.

Driving Forces Behind Market Growth:

Globalization of Animal Nutrition Business: The industry is benefiting from the increased globalization of the animal nutrition industry.

Demand for Value-added Animal Products: The need for value-added animal products is rising. Consumers are willing to pay a premium for products with enhanced nutritional profiles, improved taste, and overall quality.

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Market Expansion and Opportunities:

The market presents immense opportunities for established players and new entrants. Manufacturers and suppliers are focusing on product innovation, research and development, and strategic partnerships to cater to the evolving needs of the industry and gain a competitive edge. Moreover, expanding livestock production and increasing adoption of intensive farming practices in emerging economies are driving the demand for liquid feed supplements.

The globalization of the animal nutrition business, increased health consciousness among consumers, and the pursuit of value-added animal products are driving the market’s upward trajectory. With ongoing advancements in research and development, product innovation, and strategic partnerships, the liquid feed supplements market holds immense potential for industry players. It offers exciting opportunities for growth and success.

The North American market for liquid feed supplements is projected to dominate the global market with a 40.2% share in 2022. This growth is driven by the increasing consumption of meat, the demand for high-quality meat products, and the adoption of various strategies by market players.

China, as one of the prominent producers and consumers of meat, is expected to experience a 5.4% CAGR in the liquid feed supplements market, fueled by the expanding livestock industry and strict regulations on feed safety.

Europe is projected to be the second-leading market with a 21.1% share, driven by the growing demand for meat and efforts by market players to expand their reach.

In India, the liquid feed supplements market is witnessing promising growth with a 4.5% CAGR, supported by factors such as a diverse livestock population, increasing animal protein demand, animal nutrition awareness, technological advancements, and government initiatives.

Protein liquid feed supplements hold a significant market share of 24.50%, meeting the essential protein requirements of livestock.

Molasses, with a share of 29.80%, is widely used as a cost-effective and energy-rich feed ingredient, contributing to improved animal health and nutrition.

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Recent Developments

  • BASF SE introduced the new enzyme product Natupulse TS for animal feed in December 2021. Natupulse TS is an NSP enzyme (non-starch polysaccharide). Including ß-mannanase in feed reduces digesta viscosity, improves digestibility, and provides more sustainable production. Natupulse TS is available as a powder and a liquid. Both formulations offer stability throughout storage, premix, and demanding pelleting conditions.
  • Archer Daniels Midland (ADM) Company expanded in December 2020 to cease dry lysine manufacturing in the first part of 2021. Instead, ADM Animal Nutrition concentrates on l-lysine liquid 50% and encapsulated lysine solutions. ADM works extensively with swine and poultry feed manufacturers to shift to liquid lysine during 2020.

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:

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Extracorporeal CO2 Removal Devices Market is expanding, with a 5.8% CAGR predicted to reach USD 170.9 Million by 2032 | FMI study

Extracorporeal CO2 Removal Devices Market
Extracorporeal CO2 Removal Devices Market

The report forecasts the Extracorporeal CO2 Removal Devices Market to reach a substantial USD 170.9 million by 2032, reflecting a healthy Compound Annual Growth Rate (CAGR) of 5.8% over the next decade. This signifies a significant upsurge in the market, highlighting the growing importance of these devices in critical care settings.

The comprehensive analysis of FMI includes insights into market data about more than 5000 medications in more than 100 countries. This abundance of data is a great tool for learning about the extracorporeal CO2 removal devices market’s present and potential futures. The study offers a thorough examination, providing details on well-known performers and new entrants in the medical industry.

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Over the past decade, the healthcare sector has expanded remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Extracorporeal CO2 Removal Devices industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Extracorporeal CO2 Removal Devices industry. With our extensive research and information about the past, current, and future market scenario, the Extracorporeal CO2 Removal Devices market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Recent developments in the Extracorporeal CO2 Removal Devices Market include:

  1. In December 2018, ALung Technologies made significant progress in clinical trial programs for the Hemolung Respiratory Assist System (RAS). This device plays a crucial role in the extracorporeal CO2 removal process.
  2. In September 2017, the Hemolung Respiratory Assist Device (RAS) received Investigational Device Exemption (IDE) approval to conduct VENT-AVOID trials of the system.
  3. Other recent developments related to companies offering extracorporeal CO2 removal devices have been tracked by the team at Future Market Insights and are available in the full report.

Critical Questions Answered in the Report
What are ongoing trends that will shape the market growth curve for the global Extracorporeal CO2 Removal Devices industry?
What are the drivers and challenges affecting the Extracorporeal CO2 Removal Devices industry demand?
What are the recent technological advancements in the Extracorporeal CO2 Removal Devices industry?
What are key trends and opportunities that will prevail in the revenue growth of Extracorporeal CO2 Removal Devices industry players?
How will evolving regulatory policies impact market growth?
What is the impact of COVID-19 on the Extracorporeal CO2 Removal Devices industry?

Why Future Market Insights?
Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Extracorporeal CO2 Removal Devices industry
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
Ground-breaking research and market player-centric solutions for the upcoming decade according to the present market scenario category, with a CAGR of 6.2% between 2022 and 2032.

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Extracorporeal CO2 Removal Devices Market: Segmentation

Market Segments Covered in Extracorporeal CO2 Removal Devices Market Analysis

By Product Type:

  • Extracorporeal CO2 Machines
  • Disposables
  • Other Product Types

By Application Type:

By Sample Type:

  • Venovenous
  • Arteriovenous

Comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

By Region

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • META

Detailed analysis of the geographical region and country-wise insights are offered in the latest Extracorporeal CO2 Removal Devices market report with established market players as well as incumbents in the region.

Competitive Analysis

By Prominent Extracorporeal CO2 Removal Devices Market Players

  1. Medtronic
  2. Getinge AB
  3. Xenios AG
  4. Along Technologies
  5. ESTOR S.P.A
  6. Medical Spa
  7. Aferectica Srl

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Extracorporeal CO2 Removal Devices market

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 is 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:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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sales@futuremarketinsights.com
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Chromatography Instrumentation Market Poised for Significant Growth, Projected to Reach USD 17.7 Billion by 2034 at a 5.6% of CAGR

Chromatography Instrumentation Market
Chromatography Instrumentation Market

The chromatography instrumentation market is on track for robust growth over the next decade. Valued at USD 10.3 billion in 2024, the market is anticipated to expand to USD 17.7 billion by 2034, reflecting a healthy CAGR of 5.6%. This growth is driven by the increasing demand for chromatography techniques across various industries, including pharmaceuticals, biotechnology, food and beverages, and environmental testing..

The need for sophisticated chromatographic procedures is rising across a number of industries, including environmental testing, biotechnology, food & beverage, and pharmaceuticals. Chromatography equipment ensures great precision and accuracy in research and quality control procedures by being essential in the analysis and purification of complicated mixtures.

The market is growing as a result of advancements in chromatographic technology, such as the creation of equipment that are more user-friendly and efficient. The market is expanding due in part to increased funding for research and development as well as the expanding use of chromatography in clinical and diagnostic settings.

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The market expansion is further propelled by technological advancements, including the development of high-performance liquid chromatography (HPLC), gas chromatography-mass spectrometry (GC-MS), and liquid chromatography-mass spectrometry (LC-MS) systems, enabling researchers to achieve higher sensitivity, selectivity, and throughput in their analytical workflows.

The forecasted surge in the chromatography instrumentation market presents lucrative opportunities for industry stakeholders, including manufacturers, suppliers, researchers, and regulatory bodies. By leveraging emerging trends such as automation, miniaturization, and integration of chromatography systems with advanced data analytics software, stakeholders can enhance operational efficiency, reduce turnaround times, and accelerate decision-making processes.

Key Highlights:

  • Expanding Applications Across Industries: The increasing adoption of chromatography instrumentation across a wide range of industries, including pharmaceuticals, biotechnology, healthcare, environmental science, and food and beverage, is driving market growth. Chromatography techniques such as liquid chromatography (LC), gas chromatography (GC), and ion chromatography (IC) are indispensable tools for analyzing complex mixtures and separating compounds with precision and accuracy.
  • Technological Advancements Driving Market Innovation: Ongoing advancements in chromatography instrumentation technology, including instrument automation, column efficiency improvements, detector sensitivity enhancements, and software integration, are driving market innovation and product development. Innovations such as high-resolution chromatography, multidimensional chromatography, and hyphenated techniques are expanding the capabilities and applications of chromatography instrumentation in research and industry.
  • Focus on Quality Assurance and Regulatory Compliance: Compliance with stringent quality assurance and regulatory standards, including Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), and United States Pharmacopeia (USP) guidelines, is essential for manufacturers and users of chromatography instrumentation. Assurance of instrument performance, data integrity, and method validation is critical for ensuring the reliability and reproducibility of chromatographic results.
  • Global Market Expansion and Accessibility: The global chromatography instrumentation market is witnessing expansion and accessibility, with manufacturers expanding their product portfolios and distribution networks to cater to diverse customer needs and geographical regions. Efforts to enhance product affordability, reliability, and usability are essential for promoting widespread adoption and utilization of chromatography solutions in both developed and emerging markets.

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Competitive Landscape:

Modern liquid chromatography systems and parts are the focus of top manufacturers and companies in the chromatography instrumentation market. Prominent corporations are focusing on joint ventures, mergers, and acquisitions as a means of expanding their market penetration. To enhance their company’s standing, they are also investing in other strategies for growth.

For instance

  • In June 2020, Waters Corporation launched the Waters Arc High-performance Liquid Chromatography System.
  • In November 2020, PerkinElmer Inc. launched a new UHPLC, HPLC, and next-generation software solution (SimplicityChromTM software and LC 300TM platform).
  • In March 2020, Scion Instrumentations launched the LC6000 series HPLC to their array of chromatography products.
  • In 2021, Thermo Fisher Scientific launched its Vanquish Online 2D-Liquid Chromatography (LC) system, which bids versatility for multidimensional liquid chromatography.

Key Companies Profiled:

  • Agilent Technologies
  • Waters Corporation
  • Shimadzu Corporation
  • Thermo Fisher Scientific
  • Perkinelmer, Inc.
  • Merck KGaA
  • Bio-Rad Laboratories
  • Restek Corporation
  • Gilson, Inc.
  • Phenomenex

Chromatography Instrumentation Market Segmentation by Category:

By Devices:

  • Chromatography Systems
    • Gas Chromatography Systems
    • Liquid Chromatography Systems
    • Fluid Chromatography Systems
    • Thin Layer Chromatography Systems
  • Consumables
    • Columns
    • Solvents/Reagents/Adsorbents
    • Syringes/Needles
    • Others
  • Accessories
    • Column Accessories
    • Auto-sampler Accessories
    • Pumps
    • Other Accessories

By Application:

  • Agriculture
  • Pharmaceutical Firms
  • Clinical Research Organizations
  • Environmental Testing

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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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:        

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

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Hair Restoration Market Set to Grow at 8.8% CAGR, Reaching USD 18.8 Billion by 2034 | FMI Study

Hair Restoration Market
Hair Restoration Market

The Hair Restoration Market is experiencing a surge in demand, with a projected value of USD 18.8 billion by 2034. This significant increase reflects a growing trend in people seeking solutions for hair loss. According to a recent analysis, the market is currently valued at USD 8.1 billion in 2024 and is expected to grow at a steady pace of 8.8% CAGR (Compound Annual Growth Rate) over the next decade.

Increased alopecia prevalence, rising global disposable income, and changing lifestyles among the global population are all driving the market growth. This development could be attributed to the higher success rate of hair transplantation surgeries, as well as technological advancements in the field of less invasive hair replacement. Excessive cigarette and alcohol usage, as well as growing stress levels, are known to be major triggers for the condition.

Although the exact cause of the disease is unknown, a handful of cases have been linked to hereditary factors. Other variables that are predicted to stimulate the business include increased disposable income and an emphasis on aesthetics in development.

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The market is gaining pace as the success rate of therapies such as Follicular Unit Extraction (FUE) and Follicular Unit Transplantation (FUT) has grown and proven to be viable options for hair restoration. Furthermore, many hair stylists now blend these two treatments for the best aesthetic results. One of the key reasons for their popularity is that hair restoration methods have become less invasive in recent years. The MEA region can be projected to be the most lucrative region in this market during the forecast period, 2022- 2032.

Hair Restoration Market Key Companies Profiled:

  • Bernstein Medical
  • Bosley
  • Harley Street Clinic
  • Advanced Hair Studio
  • Milla Marie
  • Lexington Intl., LLC
  • Venus Concept
  • Cole Hair Transplant Group

Some of the recent developments of key Hair Restoration providers are as follows:

  • In May 2019, Hair Club and Bosley both reported the delivery of BioGraft. For a great change, the development enhancement combines meticulous and nonsurgical hair rebuilding. This new item shipment aided in the expansion of the company’s hair relocation product portfolio. The company invests heavily in R&D to develop mechanically advanced products.
  • In February 2018, Venus Concept announced the acquisition of NeoGraft Solutions’ hair restoration business. Neograft was a hair restoration technology and topical product developer.

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Segments Covered in Hair Restoration Market Analysis

By Procedure Type:

  • Follicular Unit Extraction
  • Follicular Unit Transplantation

By Therapy Type:

  • Low-Level Laser Therapy (LLLT)
  • Stem Cell Hair Restoration
  • Platelet-Rich Plasma

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & 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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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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