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With Adoption in Developing Economies, the Traditional Wound Management Market Will Reach New Heights

The global Traditional Wound Management Market is anticipated to create lucrative opportunities over the assessment period ranging from 2022 to 2032, by enjoying a valuation of US$ 5.1 Bn by the end of the year 2022 and exceedingly around US$ 6.9 Bn by the year 2032.

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As per the recent study by Future Market Insights, the gauze segment by product is leading the market with a share of about 39.7% in the year 2021, within the global market. The global wound care market is predicted to be valued at US$ 18.4 Bn out of which traditional wound management consists of a share of 26.6%, in 2021.

During the traditional period from 2014 to 2021, the market for traditional wound management expanded at a CAGR of 2.9%. Traditional wound management is expected to experience a shift in dynamics owing to the changes in demographics of the geriatric population and the growing incidence of wounds, owing to the rising problem of infection acquired during surgical procedures globally.

Furthermore, the surgical list falls under the care of chronic wounds. The surge of trauma and chronic diseases such as diabetes and ulcers are the leading cause of the rising demand for the traditional wound management market.

Key Takeaways

The market is expected to showcase an optimistic outlook, owing to the cost-effectiveness and clear reimbursement policies. The drastic inclination towards wound healing and care dynamics along with the adoption of traditional wound management products presents a significant revenue opportunity for the traditional wound management sector.
The surging number of chronic wound patients has encouraged the development and implementation of therapies that help in the promotion of faster and more efficient wound healing. Early healing is predicted to assist the lower and average length of hospital stays. A chronic wound is a chronic health problem because it frequently spreads to the surrounding tissues, resulting in infection and amputation.
Several infections were caused owing to the rise of serious health issues and therefore resulted in the addition of overall system costs. Therefore, traditional methods of wound care and cleansing are re-evaluated and as a result, traditional wound care products are incorporated into the patient and wound care system for the reduction of infection-related costs.
Irrespective of the availability of advanced wound care and healing products, major healthcare professionals and facilities choose traditional wound management products due to their cost-effectiveness and long-term training and research experience.
The surge in various surgical procedures, the aging population, and the surge in the adoption of technically advanced products, are some of the factors driving the market. The hurdles faced are due to a lack of skilled professionals, general awareness about wound care, and rising medical waste.

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Competitive Landscape

With numerous competitors in the traditional wound management market landscape, the overall industry is fragmented. In order to meet consumer demand and expand their customer base, these companies are implementing methods such as expanding their production capabilities by constructing new factories and manufacturing facilities also indulging in partnerships and collaborations and availing new product launches with technological advancements.

Key Companies Profiled

Smith & Nephew plc.
B. Braun Melsungen AG
Johnson & Johnson Pvt. Ltd.
Medtronic Plc.
Cardinal Health,
Derma Sciences Inc.
Paul Hartman AG
Molnlycke Health Care
Medline Industries, Inc.
DUKAL Corporation
BSN Medical

More Insights into the Traditional Wound Management Market

The U.S. is expected to dominate the global traditional wound management market as it accounted for around 26.4% in 2021 and is expected to continue to experience the same growth throughout the forecast period.

China is the second largest manufacturer of traditional wound management. According to the estimations, China is expected to account for 6.0% of globally. The market is expected to surge at a robust pace over the forecast period due to rising healthcare facilities in the region along with the presence of prominent manufacturers.

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Key Market Segments Covered in Traditional Wound Management Industry Research

By Product:

Bandages
- Adhesive Bandages
- Non-adhesive Bandages
- Compression Bandages
Gauzes
- Woven Gauzes
- Non-woven Gauzes
Gauze Sponge
- Woven Gauze Sponges
- Non-woven Gauze Sponges
Sponges
- Woven Sponges
- Non-woven Sponges

By Application:

Skin and Diabetic Ulcers
Burns
Surgeries
Trauma
Others (skin cuts, primary dressings, etc.)

By End User:

Hospitals
Clinics
Diagnostic Centers
Homecare Settings
Ambulatory Surgical Centers

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Ambulance Services Market:- According to the latest research by Future Market Insights, the Ambulance Services Market is set to witness steady growth during 2021-2031.

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Regenerative Medicine Market Report Covers Trends, Demand, Growth and Forecast 2032

The global Regenerative Medicine Market is anticipated to register a phenomenal growth of 23.9% with an evaluation of around US$ 9.9 Bn by the end of the year 2022 and is further expected to enjoy an estimation of US$ 85.3 Bn by the year 2032.

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According to the historical analysis done by Future Market Insights, tissue engineering by therapy type led the market growth with a share of about 43.1% in the year 2021 within the global regenerative medicine market. The targeted therapeutic market is expected to generate a revenue of around US$ 100.9 Bn by contributing about 8.3% to the global regenerative medicine market.

Regenerative medicine is widely accepted in the healthcare sector in order to counter the unmet medical needs in the field of cardiology, wound and injury musculoskeletal, oncology, dental, ophthalmology, hepatological diseases, and inflammatory & autoimmune diseases. The solutions regarding clinical and pre-clinical outcomes for allogeneic cell therapy are promising.

Key Takeaways

An opportunistic outlook is presented by the regenerative medicine market in the future owing to the beneficial outcomes of regenerative medicine. Several biopharmaceutical companies have initiated the establishment of regenerative medicine-specific regulatory processes which consist of guidelines, a quicker approval pathway, and also quality control for conducting clinical trials. Therefore, a massive boom in the regenerative medicine market is witnessed over the projection years.
The industry is keeping into account some of the prominent factors such as reduced manufacturing cost, improvement in distribution systems, and expansion. Technological advances taking place in the field of life sciences date back several years ago. The gene editing technology applied in regenerative medicine manufacturing assists in yielding quality results and avoids challenges such as immune rejection.
In order to treat a wide spectrum of diseases, pluripotent stem cell (PSC)-derived therapies are beneficial and surging rapidly over the years. These factors are acting as driving factors for the regenerative medicine market over the assessment years.
The research and development sector is drastically making efforts to develop an innovative therapy type through modifications and implementing new discoveries in the field of cell therapy and applying gene editing tools that help in making the overall process of discovery easier. Since the methodology used is unique and determines steps for instance use of universal donor cells which establishes successful engraftment in autologous transplantation. The aforementioned factors are responsible for growth in the market.
The growing prevalence of chronic diseases paired with the surge in wounds and injuries among the ever-growing population is anticipated to surge the regenerative medicine market. The approval of these products is governed by various regulatory laws, including pharmaceutical affairs law, technical guidance for the quality of regenerative medicine products, regulation (EC) 1394/2007, and others because these therapy types have a substantial impact on health.

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The regeneration medicine market has a direct link with the prevalence of diseases in the increasing population. Since these stem cell-based therapies have a vital impact on health thereby, the approval of these therapies including the use of regenerative medicine is governed by several standard organizations such as the Food and Drug Administration (FDA), and European Medicines Agency (EMA), among others.

Competitive Landscape

Various key players in the regeneration medicine market are focusing on expanding their consumer base in order to meet consumer demands. Since the overall market is fragmented, prominent companies in the market are implementing methods such as a divestiture, partnerships and collaborations, and new therapy launches.

More Insights into the Regenerative Medicine Market

The U.S. is expected to dominate the global regenerative medicine market as it is accounting for a total of about 24.2% in 2021 and is anticipated to experience a similar growth throughout the forecast period.

The account of an aging population, the widespread adoption rate of regenerative medicines, and the importance of chronic diseases are contributing factors boosting the regenerative medicine market.

Australia held a market share of around 12.9% in the global regenerative medicine market in 2021. Having a robust regulatory framework, the presence of such facilities has encouraged several ventures to invest in and look for new opportunities in Australia.

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Key Market Segments Covered In Regenerative Medicine Industry Research

By Therapy type:

Cell Therapy
- Autologous Cell Therapy
- Allogenic Cell Therapy
Stem Cell Therapy
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
Tissue-engineering
Gene Therapy

By Application:

Wound Care
Musculoskeletal
Oncology
Dental
DMD (Duchenne Muscular Dystrophy)
Hepatological Diseases
Inflammatory & Autoimmune Diseases
Other Therapeutic Applications

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Veterinary Pain Management Market:- Veterinary Pain Management is a very important aspect of veterinary therapeutics. Animals suffer from pain, sometimes chronic, but however are unable to express it.

Pulse Oximeters Market:- Pulse Oximeters play a significant role in covid-19 treatment. These handheld or table top/side devices help nurses and doctors to evaluate the oxygen levels in the bloodstream.

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Spinal Fusion Market New Innovations and Future Expansion 2022-2032 with Top Countries Data

The global Spinal Fusion Market is predicted to exhibit a global CAGR of 5.5% across the valuation period from 2022 to 2032, with a valuation reaching US$ 9.49 Bn by the end of the year 2022 and is further expected to reach a valuation of US$ 16.2 Bn by the year 2032.

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According to a recent study, the market value for spinal fusion is approximately 72.5% considering the overall US$ 12.4 Bn of the global spinal implants & devices market in 2021. As per Future Market Insights, pedicel screws and rods are expected to lead the market with a share of approximately 52.1% in the year 2021 within the global landscape.

Spine-level therapeutic options are consistently widening owing to the development of modern spine fusion technologies and advanced techniques. The age group under the geriatric population needs devices that cause less pain and higher compliance which is responsible for market expansion in the projection period.

There is a widening demand for spinal fusion owing to the rising prevalence of spine-related injuries. There are several patients with multiple spinal diseases such as herniated discs and degenerative disc disease (DDD), spinal fusion devices are used during spinal surgeries to correct a deformity, increase stability and reduce pain. Spinal fusion permanently associates with the need for spinal fusion.

Key Takeaways

The worldwide spinal fusion market is predicted to be driven by frequent approvals and drastic product launches of novel spinal fusion products. Spinal anomalies can be caused by smoking, poor diet, excess weight, and other lifestyle factors. It has been analyzed that; the young population is more likely to smoke. The presence of high levels of toxins in cigarette smoke, directly harms the spine’s cartilage, resulting in the early onset of degenerative spinal anomalies that will ultimately lead to the need for spinal surgery. Owing to the aforementioned factors, the demand for equipment utilized in spinal fusion procedures is expected to have high demand during the forecast period.
The majority of spinal injuries these days have led to preventable events such as automobile accidents, falls, and violence. It has been revealed from the data released by the Indian government that people worldwide are affected by spinal cord injuries (SCI). This is considered one of the major factors fueling the growth of the spinal fusion market.
Surging usage of minimally invasive procedures is because of the increase in the cases of spinal fusion injuries. In order to accelerate rehabilitation and improve expedited procedures for younger patients, minimally invasive surgeries are expensively growing in popularity.
In spinal fusion, advanced navigation technology has been utilized in order to guarantee precise component location without any outliers and the associated danger of higher wear and implant failure. This driver is responsible for the increased market demand for spinal fusion throughout the projection period.
The demand for spinal fusion is on the surge at a global level owing to the surging incidents of spine-related injuries. Spinal fusion is expected to stabilize and decompress the spine including the cervical, lumbar, and thoracic regions. In addition to that, common indications for spinal fusion incorporate spondylolisthesis, scoliosis, and spinal stenosis. This spinal disease assistance by spinal fusion devices for better treatment will increase sales during the assessment period.

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Competitive Landscape

The market for the production of spinal fusion is expected to be scattered and fragmented all over the globe with several competitors. The key market players are anticipated to employ strategies including collaborations, partnerships, mergers, acquisitions, and new product releases to satisfy consumer demand and increase their client base. Government take initiative to invest in spinal fusion equipment.

Key Companies Profiled

Zimmer Biomet Holdings, Stryker Corporation, Exactech,Medtronic Plc, Johnson & Johnson Services, Wenzel Spine, Centinel Spine, Spineart Geneva SA, K2M, MicroPort Scientific Corporation, Integra Lifesciences Holdings Corp, Orthofix Holdings, Shandong Weigao Group Medical Polymer Company Limited, Bonovo Orthopedics, Suzhou Gemmed Medical Instrument Co. Ltd, NuVasive, B. Braun Melsungen AG, Globus Medical Inc., RTI Surgical, Expanding Orthopedics Inc., Vallum Corporation, ChoiceSpine, Life Spine, Precision Spine

More Insights into the Spinal Fusion Market

The U.S. is expected to dominate the global market over the projection period as it accounted for about 88.6% of the market share in 2021. The global spinal fusion market is expected to expand in the U.S. market attributed of the high prevalence of spinal cord injuries.

Germany is the second largest market to hold around 23.8% of the global market in 2021. The rising obesity rates in Germany, it has caused Germans to live 2.6 years shorter on average. This is one of the major driving factors propelling the demand for the spinal fusion market in Germany.

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Key Market Segments Covered in Breathing Circuit Industry Research

By Product:

Interbody Cages
Pedicel Screws and Rods
Spinal Fusion Plates

By Procedure:

Posterolateral Fusion
Interbody Fusion
- Anterior Lumbar Interbody Fusion (ALIF)
- Extreme Lateral Interbody Fusion (XLIF)
- Posterior Lumbar Interbody Fusion (PLIF)
- Transformational Lumbar Interbody Fusion (TLIF)
- Others

By End User:

Hospitals
Speciality Clinics
Ambulatory Surgical Centers

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Onychomycosis Treatment Market Competitive Landscape, Innovations and Business Outlook till 2032

The worldwide Onychomycosis Treatment Market is supposed to show hold a worth US$ 4.44 Billion out of 2022. From 2022-2032, the onychomycosis treatment market is probably going to show a CAGR of 8.46% while gathering a worth US$ 10 Billion. The development of the market can be credited to the developing predominance of diabetes which brings about high dangers of nail organism disease.

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Toenail onychomycosis are more common and requires longer duration of treatment, which can also extend to a year. Sometimes complete cure, defined as clinical cure, is unattainable, which may lead to indefinite treatment duration and consequently drive the onychomycosis treatment market. The risk of onychomycosis is 1.9 to 2.8 times higher in people with diabetes, compared with the general population. This is leading to rising revenue accumulation of drug manufacturers targeting the onychomycosis treatment market.

The increasing risk factors such as nail injury or nail surgery, diabetes, weakened immune system, blood circulation disorders, athlete’s foot or ringworm, and others are driving the onychomycosis treatment market. The growing risk of occupational hazards such as agriculture, waste disposal, and others is also propelling the growth of the onychomycosis treatment market.

Diabetes and related conditions contributing to poor peripheral circulation are the major drivers of the market. Onychomycosis may represent an important forecast for the development of diabetic foot syndrome and foot ulcers. Patients who are immunosuppressed, such as those undergoing cancer therapy and those with HIV infection also are predisposed to fungal nail infection.

Coronavirus pandemic has changed the public medical care needs and spending however this is viewed as transient effect on the onychomycosis treatment market. The increasing COVID-19 patient pool attracted spotlight to the treatment of these patients on emergency basis, consequently reducing the patient visits to the medical clinics for onychomycosis treatment.

Decreasing visits demonstrate lesser treatment reception that resulted in temporary contraction of sales. Nonetheless, demand is likely to recover in the coming years with drugs emerging as more preferred type of treatment. The drugs segment is expected to account for nearly 75% of revenue generated in the market.

Key Takeaways from Onychomycosis Treatment Market Study

High spending power supports growth in the U.S., sealing its dominance in North America. The U.S. is expected to account for over 84% of sales registered in the region
The demand from the U.K. will continue rising, enabling year-on-year growth at above 7%
Germany and France too will continue exhibiting high demand
Within East Asia, Japan holds dominance, yet demand from China is likely to rise at a higher pace

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“Market players are likely to focus on merger and acquisition to expand their footprint worldwide. They are also expected to focus on capitalizing on opportunities across emerging economies to gain competitive advantage,” said an FMI analyst.

Geriatric Population More Susceptible Onychomycosis

According to the World Health Organization (WHO), age is the key risk factor for the development of onychomycosis and the risk for onychomycosis increases with age, particularly for persons aged >50 years. Approximately, about 80-85% of onychomycosis occurs in patients aged greater than 50 years, globally. The rise in elderly population will therefore present lucrative growth opportunities to onychomycosis treatment market.

Who is Winning?

Key players in the onychomycosis treatment market are keenly focusing on strategic activities such as acquisitions, collaborations and mergers in order to create a strong position.

For Instance, In September 2018, Almirall S.A. acquired of portfolio of five products comprising of Allergan’s Medical dermatology unit in the U.S. to further enhance the company’s dermatology portfolio.

In 2017, Ziarco Group ltd. was acquired by Novartis acquired. Ziarco Group ltd. a privately held company in the U.K. The company focuses on the development of novel treatments in the field of dermatology.

Key Players

Teva Pharmaceutical Industries Ltd.
Sanofi S.A.
Medimetriks Pharmaceuticals, Inc.
Galderma
Johnson & Johnson
Novartis AG
Moberg Pharma AB
Cardinal Health, Inc.
Pfizer Inc.
Almirall, S.A.
Bayer AG
Viatris Inc.
GlaxoSmithKline plc
Cipla Ltd.

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Onychomycosis Treatment Market by Category

Disease Indication

Distal Subungual Onychomycosis
White Superficial Onychomycosis
Proximal Subungual Onychomycosis
Candidal Onychomycosis
Total Dystrophic Onychomycosis

Age Group

0-18 Years
18-39 Years
40-64 Years
65 Years & Above

Gender

Male
Female

Distribution Channel

Institutional Sales
- Hospitals
- Dermatology Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
- Mail Order Pharmacies & Online Sales

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Nasal Spray Market Segment Overview, Regional Analysis and Forecast 2022-2032

The Global Nasal Spray Market is likely to exhibit a CAGR of 6.5% while procuring US$ 6 Billion during the forecast period. Changing lifestyles across the globe, enhanced patient compliance, expanding geriatric population, and increasing pollution levels are expected to augment the market size in the forecast period. Increased demand for self-administration will offer remunerative opportunities for the global nasal spray market to expand through the assessment period. Also, various advantages provided by nasal sprays like painless drug delivery, better patient convenience, and easy availability are other vital factors promoting the market during the forecast period.

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Also, growing equipment approvals by regulatory bodies are expected to benefit the market in the forecast period. For instance, in March 2019, FDA approved Spravato nasal spray for curing adult patients with treatment-resistant depression. In 2018, FDA revealed that about 7.4 million adults suffer from treatment-resistant depression in the U.S which widens the scope of suicidal tendencies and hospitalizations. The nasal spray offers drugs in an easy way since it comprises active ingredients and medications which are dissolved in solutions.

Players in the market are taking various initiatives to develop the market in the forecast period. Increasing investment in R&D to offer innovative products in the market is likely to prepare a conducive environment for market growth during the forecast period. For instance, in February 2022, Glenmark Pharmaceuticals Ltd., a renowned pharmaceutical company, and Canadian pharmaceutical company SaNOtize Research & Development Corp announced the launch of its Nitric Oxide Nasal Spray under the brand name FabiSpray ® in India. The product aims to kill the COVID-19 virus in the upper airways. Such initiatives are expected to augment the market size in the assessment period.

However, nasal may spray result in itchiness, redness, and swelling in the nose, leading to reduced consumption, thus, hindering the market expansion. Further, the regulatory obstructions owing to strict laws for the sales of drugs in countries such as Russia and Mexico are likely to be another potential factor controlling the market growth. For instance, the regulatory authority of Mexico, COFEPRIS, set forth new guidelines for permitting registrations of generic drugs, which is not inclusive of patents of new therapeutic uses in its linkage system

Key Takeaways from the Market Study:

The global nasal spray market is expected to secure a market value worth US$ 3.2 Billion in 2022.
The nasal spray market in Europe is expected to display a CAGR of 5.8% during the forecast period.
In 2021, the retail segment is expected to have captured about 54% of the global nasal spray market.
The nasal spray market in North America is expected to display a CAGR of 6% during the forecast period.

Manufacturers are focusing on introducing nasal sprays capable of administering drug formulations with high efficacy and potency. Hence, the introduction of robust product lines has become a reality, leading to a host of new product launches and innovations, remarks an analyst at FMI.

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Competition Analysis:

Key players in the global nasal spray market include Astra Zeneca Plc., Cipla Ltd., Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited), Glaxosmithkline Plc., Novartis International AG, Procter & Gamble, Sanofi S.A. (Sanofi-aventis LLC.), Boehringer Ingelheim GmbH, AdvaCare Pharma, Bayer AG (Bayer Consumer Health, Covis Pharma S.a.r.l., Nipro Corporation (NIPRO JMI Pharma Ltd.), Viatris Inc. (Meda Pharmaceuticals Inc.), Perrigo Company plc, AptarGroup, Inc., Berry Global, Inc., URSATEC GmbH, Gerresheimer AG, Bona, Avantor, VWR International, LLC, Spectrum Laboratory Products, Inc. (Spectrum Pharmacy Products), SKS Bottle & Packaging, Inc., and Coster Tecnologie Speciali S.p.A.

Recent Updates from the Industry:

In October 2021, Cipla’s consumer health arm announced an anti-viral nasal spray called Naselin, which contains ‘povidone Iodine’ to protect against coronavirus and respiratory tract infections.
In August 2021, CDMO Bora Pharmaceuticals Laboratories Inc. announced its partnership with Kyowa Pharmaceuticals Industry Co. Ltd. The initiative aims to manufacture generic products, including nasal sprays, in Japan.

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More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global nasal spray market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Product (Decongestant Sprays, Nasal Steroid Sprays, Nasal Antihistamine Sprays, Nasal Cromolyn Sodium Sprays, Nasal Anticholinergic Sprays, Nasal Triamcinolone Sprays) by Formulation (Aqueous, Hydroalcoholic, Nonaqueous-Based Solution, Suspension, Emulsions, Dry Powder/Micro particles), by Packaging (Pressurized Canisters, Pump Bottles), by Distribution Channel (Institutional Sales, Retail Sales), & Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

Key Players:

Astra Zeneca Plc.
Cipla Ltd.
Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
Glaxosmithkline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma
Bayer AG (Bayer Consumer Health
Covis Pharma S.a.r.l.
Nipro Corporation (NIPRO JMI Pharma Ltd.)
Viatris Inc. (Meda Pharmaceuticals Inc.)
Perrigo Company plc

Key Segments Profiled in The Nasal Spray Market Report

Product:

Decongestant Sprays
Nasal Steroid Sprays
Nasal Antihistamine Sprays
Nasal Cromolyn Sodium Sprays
Nasal Anticholinergic Sprays
Nasal Triamcinolone Sprays

Formulation:

Aqueous
Hydroalcoholic
Nonaqueous-Based Solution
Suspension
Emulsions
Dry Powder/Micro particles

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Packaging:

Pressurized Canisters
Pump Bottles

Distribution Channel:

Institutional Sales
Hospitals
Community Clinics
Specialty Clinics
Public Health Agencies
Veterinary Hospitals & Clinics
Retail Sales
Retail Pharmacies
Drug Stores
Mail Order Pharmacy

Have a Look at Healthcare Domain Related Research Reports:

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Ambulance Services Market:- According to the latest research by Future Market Insights, the Ambulance Services Market is set to witness steady growth during 2021-2031.

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Molecular Imaging Market Comprehensive Assessment, Insights, Facts, historical data and Statistics 2022-2032

The Global Molecular Imaging Market is anticipated to value at US$ 7.3 Billion while expanding at a CAGR of 5.41% during the forecast period of 2022-2032. The growth of the market can be attributed to the increasing incidences of chronic illness across the globe.

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Increasing demand for early detection and cost-effective diagnosis of chronic diseases along with the rising geriatric population across the globe are likely to fuel demand for the molecular imaging system. The advent of modern devices and developing healthcare infrastructure in evolving economies are some of the salient factors escalating market growth.

The increasing prevalence of chronic diseases like cancer and other genetic illness are expected to propel the demand for an efficient and early disease diagnosis, which is projected to benefit the global molecular imaging market during the forecast period. Increasing adoption of molecular imaging for new applications, ongoing development and innovation in molecular imaging technologies, and developing economies are likely to provide significant opportunities for growth in the market in the coming time.

The launch of AI-based devices is projected to augment the market size in the coming time. For instance, in May 2020, Fujifilm Corporation launched AI-based technology for lung nodule detection. This technology is used to detect pulmonary nodules in chest CT scans to aid in lung cancer detection. In another instance, in November 2020, Canon Medical Systems Corporation launched One-Beat Spectral Cardiac CT, with rapid kVp switching and deep learning spectral reconstruction to acquire whole-heart spectral images in one beat. Thus, the launch of advanced products is anticipated to benefit the industry during the forecast period.

The increasing application of AI-based diagnostic equipment for the rapid detection of illnesses is anticipated to act as a significant opportunity for the global molecular imaging market during the forecast period. Players in the market are introducing AI-based equipment which will help the market in fetching significant dividends. In 2019, Siemens Healthineers introduced an ultrasound system, Acuson Redwood, which provides an imaging solution for clinical departments including cardiology, radiology, and gynecology.

However, high expenses associated with advanced molecular imaging system is projected to hamper the market growth during the forecast period. The presence of unfavorable reimbursements and lack of expertise in developing countries can hinder the market growth.

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Key Takeaways from the Market Study:

The global molecular imaging market is expected to secure US$ 4.309 Billion in 2022.
In Europe, the molecular imaging market is expected to display a CAGR of 4% during the forecast period.
In 2021, the hospital segment is projected to have secured 46.5% of the global revenue.
In APAC, the molecular imaging market is expected to display a CAGR of 6% during the forecast period.
In 2021, the molecular imaging market in North America is expected to have claimed 33% of the global revenue.

“Deployment of modern technologies in the healthcare sector and growing demand for early detection of chronic illness are likely to propel the demand for efficient molecular imaging equipment which will benefit the market during the forecast period,” says an FMI analyst.

Competition Analysis

Key players in the global molecular imaging market include Hermes Medical Solutions, Bruker Corporation, GE Company, Fujifilm Holdings Corp., Siemens AG, Koninklijke Philips N.V., and Toshiba Medical System Corp.

Recent Developments in the Market:

In September 2021, Hermes Medical Solutions and Isotopia Molecular Imaging announced a new collaboration with Isotopia to raise awareness and co-promote the benefits of dosimetry, personalized medicine, and radiopharmaceutical therapy.
In February 2021, Royal Philips announced the acquisition of BioTelemetry, a US-based player that provides remote cardiac diagnostics and monitoring. The acquisition of BioTelemetry is a strong fit with Philips’ cardiac care portfolio, and its strategy to transform the delivery of care along the health continuum with integrated solutions.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global molecular imaging market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Modality (Positron Emission Tomography (PET), Positron Emission Tomography- Computed Tomography (PET-CT), Positron Emission Tomography- Magnetic Resonance (PET-MR), Single Photon Emission Computed Tomography (SPECT), Software, Magnetic Resonance, Molecular Ultrasound Imaging), by Application (Cardiology, Oncology, Gastrointestinal Disorders, Neurology Disorders, Others), by End User (Hospitals, Ambulatory Surgical Centres, Diagnostic Centres), & Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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Wearable Medical Devices Market Size is set to Grow at a Remarkable Pace in the Coming Years

The Global Wearable Medical Devices Market is expected to reach a market valuation of US$ 27.29 Billion by 2022, accelerating with a moderate CAGR of 28.1% by 2022-2032. The Wearable Medical Devices Market is anticipated to be valued at about US$ 324.65 Billion by 2032.

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A patient’s most likely diagnosis and treatments can be identified using 5G and AI. AI can also help healthcare providers predict which patients are anticipated to have complications after surgery to perform preventative actions. Learning in real-time with large amounts of data typically necessitates networks with high availability and high throughput.

With the advent of 5G networks, healthcare providers can use AI applications to provide immediate, high-quality care to patients worldwide. Therefore, cutting-edge advancements such as artificial intelligence and fifth-generation wireless networks are expected to impact wearable medical devices significantly.

The wearable medical devices market is expanding. Individuals that typically purchase such items are those who are open to new experiences and ideas. The increasing number of early adopters and innovators in both developed and developing nations is anticipated to boost sales of wearable medical devices. The increasing demand for novel health monitoring techniques among athletes and fitness buffs is anticipated to propel the worldwide wearable medical devices market. An appreciable fraction of persons in the US and Canada are early adopters. So, the demand for wearable medical devices in North America is anticipated to expand at a higher rate.

Therapeutics, monitoring and diagnostics, foetal and obstetric monitoring, cardiovascular monitoring, and glucose monitoring are just a few of the many uses for wearable medical devices. In this category, therapeutic medical gadgets patients can wear are expected to dominate.

The FMI analysis predicts that by 2025, the market share of therapeutic medical devices that can be worn would exceed 50%. Among the many lifestyle-related conditions, lung problems, diabetes, and hearing loss contribute to this. During the evaluation phase, we don’t expect this tendency to reverse.

Improvements in both design and technology have boosted sales of wearable medical devices in recent years. However, adoption rates in the business continue to be challenged by several variables. The initial investment and ongoing upkeep of wearable technology might be costly for many people. Among other components, failure in sensors, batteries, and chips often necessitates frequent maintenance and repair, which slows consumer acceptance.

Additionally, several nations do not supply enough medical wearable reimbursement options for their citizens. Because of this, sales of wearable medical devices are expected to stagnate in developed and developing nations.

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Key Takeaways

The wearable medical devices market is anticipated to reach a valuation of US$ 324.65 Billion by 2032.
North America contributed for 38.1% of global revenue in 2020 because to rising rates of cardiovascular disease, diabetes, and cancer.
Market growth is anticipated as a result of the increased use of wearable devices for health management during COVID-19.
Rising prevalence of target diseases due to an ageing population and the need to minimise healthcare spending are driving the wearable medical device market.

Competitive Landscape

Although the wearable medical devices market is somewhat concentrated, a handful of industry giants control most sales. These businesses invest heavily in research and development of new items, followed by careful timing in releasing such products to the market.

Companies that now dominate the wearable medical devices market are focusing on diversifying their growth strategies, such as forging strategic partnerships, merging with other businesses, and expanding their product lines.

Recent Developments

In April 2021, Alvalux Medical, a Belgian MedTech wearables manufacturer, announced that it had been granted a second patent by the United States Patent and Trademark Office for its new ocular insert device, which is intended to allow patients to treat retinal disorders at home through photo-biomodulation (PBM) therapy.
As an additional comfort measure, 3M has announced the creation of a novel silicone adhesive material with conformable and breathable properties that is expected to be used in wearable medical devices with the goal of reducing the amount of skin that must be removed.
In March of 2021, EOFlow, a provider of wearable drug delivery solutions, announced the release of a new smartphone application designed to be used in tandem with wearable insulin delivery devices.

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Wearable Medical Devices Market By Segmentation

By Product:

Wearable Monitoring and Diagnostic Devices
Fetal and Obstetric Devices
- Wearable Fetal Monitors
- Infant Motion Sensing Monitors
Continuous Glucose Monitoring Devices
Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
Wearable Therapeutic Medical Device
Hearing Aid
Insulin Pump
Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation
Health and Fitness Devices

By Application:

Patient Monitoring
Home Healthcare
Health and Fitness

By Distribution Channel:

Hospital Pharmacies
Clinics
Online Channels
Hypermarkets

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Wound Debridement Products Market Growth – In-Depth Study and Huge Demand in Future 2022-2032

The Global Wound Debridement Products Market is expected to be valued at US$ 497.3 Billion in 2022. With the rise in incidence of hard and heal wounds, coupled with the increasing number of collaborations and partnerships and new products launches, the overall demand for wound debridement products is projected to grow at a CAGR of 5.6% between 2022 and 2032, totaling around US$ 857.55 Billion by 2032.

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Factors such as product innovation, rise in incidence of diabetes cases, increasing healthcare spending and growing aging population globally are the major factors that are anticipated to drive the growth of the wound debridement products. Increasing incidence of hard and heal wounds, growing aging population, rise in prevalence of chronic diseases, increasing adoption of debridement products and techniques and rise in patient population are some other factors that are fueling the market for wound debridement products.

The rising incidence of ulcers is anticipated to further boost the market growth. As per the statistics by the American Diabetes Association, in 2014, about 2.0% of the population was affected with diabetic ulcers in the U.S. Similarly, about 600,000 people are affected by a venous ulcer in the U.S. every year. Therefore, awareness programs for wound care treatment are necessary. In addition, the presence of better healthcare facilities, the adoption of advanced wound care products, developing healthcare infrastructure, and reimbursement policies are driving the market.

Key Takeaways from the Market Study

From 2017 to 2021, wound debridement products demand expanded at a CAGR of 2.3%
By product type, the low frequency ultrasound devices constitutes bulk of wound debridement products market worth, with a share of 50%
By end user, hospitals to account for a major chunk of market revenue, accruing about 55.6% in 2022
North America to be the kingpin of wound debridement products market, accumulating 32% revenue in 2022
Europe to trail behind North America, accumulating a revenue share worth 23%
Asia Pacific to provide credible growth opportunities, expected to yield 20.3% revenue in 2022

“The major factor that boosts the growth of the wound debridement market include increase in incidence of chronic wounds such as pressure ulcers, diabetic foot ulcers, infectious wounds, radiation wounds, arterial ulcers, and acute wound, including burn and trauma,” remarks an FMI analyst.

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Competitive Landscape

Players in the global Wound Debridement Products Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In January 2021, Healogics launched Healogics 2021. This Healing program is aimed at helping patients and healthcare providers with resources to improve health, heal wounds, and avoid needless amputations.
In April 2019, RLS Global AB (Sweden) announced that ChloraSolv, its wound care product targeting diabetic foot ulcers, had successfully obtained a CE marking based on confirmation from Lloyd’s Register, acting as Notified Body, and is therefore cleared in 32 European countries for commercialization.
In July 2017, Smith & Nephew (UK), the global medical technology business, announced to build a new R&D and manufacturing facility for its Advanced Wound Management franchise on the outskirts of Hull, UK.

Know more about what the Wound Debridement Products Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Wound Debridement Products Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Wound Debridement Products Market, the market is segmented on the basis of product type, application, and end-users across five major regions.

Key Segments Covered in the Wound Debridement Products Industry Analysis

Wound Debridement Products Market by Product Type:

Hydrosurgical Debridement Devices
Low Frequency Ultrasound Devices
Surgical Wound Debridement Devices
Mechanical Debridement Pads
Traditional Wound Debridement Devices
Larval Therapy

Wound Debridement Products Market by Application:

Chronic Ulcers
Surgical Wounds
Traumatic Wounds
Burn Cases

Wound Debridement Products Market by End Users:

Hospitals
Ambulatory Surgical Centres
Specialized Clinics
Nursing Facilities
Others

Wound Debridement Products Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Neurology Services Industry Analysis and Opportunity Assessment 2022-2032

As per Future Market Insights’ latest industry analysis, valuation of the Global Neurology Services Market was around US$ 2,446.2 Bn in 2021 and it is projected to exhibit a CAGR of about 5.4% over the forecast period. It is set to reach an estimated valuation of US$ 4,317.8 Bn in 2032.

The global market is showcasing an upward curve due to the rising prevalence of various mental health issues, as well as surging awareness about the importance of mental health. In addition, certain policies framed by the governments of the U.S. and Europe that support neurosurgery patients would aid the market. These policies, such as reimbursements, help patients to undergo treatment without having to pay extra costs.

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For instance, Medicare provides the initial comprehensive neurosurgical consultation free of charge. Besides, if a neurosurgical operation becomes appropriate for patient care, Medicare covers the costs of hospitalization. The Centers for Medicare and Medicaid Services (CMS) has also created a new Diagnosis Related Group (DRG 528) for endovascular and neurovascular diagnosis and procedures.

There are specific codes provided for the reimbursement of supervision and interpretation, as well as for follow-up angiography visits under 36221-36228. Other CPT codes for various neurological services are 95812, 95813, 95819, 97110, 90867, and 90868. Thus, the availability of favorable reimbursements in developed regions will increase the number of neurosurgical procedures, and consequently boost growth in the neurology services market.

On the contrary, skilled specialists such as physiatrists, neurologists, physical & occupational therapists, speech & language pathologists, psychologists, social workers, and recreational therapists are required for the treatment of neurological ailments. Non-availability or limited availability of such well-trained specialists can create an adverse impact on the treatment of patients with depression and lower growth of organizations that are involved in treatment.

According to a report by the American Association of Neurological Surgeons, in 2020, neurosurgical workforce in the U.S. faced shortage of medical devices and inadequacy to meet health care needs. As per the report, there are less than 3,700 neurosurgeons in over 5,700 hospitals in the U.S. Hence, the absence of trained neurosurgeons can potentially hamper the number of embolization surgeries taking place, which may act as a restraint to the expansion of the market.

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Key Takeaways from Market Study

By service, the therapeutic service segment held approximately 48.7% of market share in 2021.
Based on indication, the mental health segment generated a market share of around 27.4% in 2021.
By service provider, hospitals are leading the global neurology services market and held a share of 51.6% in 2021.
East Asia is considered to be the most lucrative region in the market and it exhibited a CAGR of 6.6% in 2021.
Germany is set to exhibit a CAGR of nearly 4.6% in the Europe neurology services market during the forecast period.

“Rising number of awareness campaigns to educate people about the availability of treatment options for neurological conditions, as well as rapid shift towards advanced and refined treatment protocols would aid growth. Besides, ongoing improvements in healthcare infrastructure in various parts of the globe are set to propel demand for neurology services,” says an analyst of Future Market Insights.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the neurology services market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global neurology services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the service – (diagnostic service, monitoring service, therapeutics service, and surgical service), by indication (attention-deficit/hyperactivity disorder (ADHD), mental health, stroke, concussion, dementia, multiple sclerosis, psychotic disorder, and other neurological diseases), and by the service provider (neurofeedback clinics, neurology clinics, hospitals, neurorehabilitation centers), across seven key regions of the world.

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Medical Device Analytical Testing Outsourcing Market to Etch New Growth Ratio with Adoption in Developing Economy

As per newly released data by Future Market Insights (FMI), The Global Medical Device Analytical Testing Outsourcing Market generated US$ 5.11 billion in 2021 and is predicted to grow at a credible CAGR of 7.18% to reach US$ 10.96 billion in 2032.

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The key factors driving the market are product complexity, increased competition, an increase in the number of small-scale medical device manufacturers, and strict approval norms. The COVID-19 pandemic has highlighted the importance of developing innovative low-cost medical equipment. This crisis has caused a worldwide economic and health pandemic. As a result, several businesses have closed their factories and halted the majority of the manufacturing process.

The growing global prevalence of chronic diseases is driving up demand for medical device analytical testing outsourcing. The government’s increasingly stringent quality certificate rules are propelling the global medical device analytical testing outsourcing market forward. Class II devices require premarket approvals and 510 (k) clearance; however, obtaining such clearance is a time-consuming process; thus, such emerging scenarios have fuelled the growth of the global medical device analytical testing outsourcing market. Medical device manufacturers are hiring consultants to help them understand the documentation and regulations required for pre-market approvals.

The development of advanced devices such as surgical microscopes, surgical robots, neurosurgery devices, ophthalmic surgical devices, and many others has reduced the direct contact of humans in the surgical procedure, making quality certificates for medical devices mandatory. The growing demand for minimally invasive surgeries is driving the global medical device analytical testing outsourcing market forward. However, manufacturers are turning to medical device analytical testing outsourcing to ensure accuracy, precision, quality control, and periodic maintenance.

Key Takeaways

The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 10.96 Billion during the forecast period.
The global Medical Device Analytical Testing Outsourcing market is estimated at US$ 5.11 Billion in 2021.
The U.S is projected to lead the market while procuring US$ 1.5 Billion while expanding at a CAGR of 7% during the forecast period.
China is anticipated to grow at 5.5% CAGR
The hospitals segment is predicted to lead the market with a CAGR of 6.15% during the assessment period.

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“Because of improved healthcare infrastructure and government initiatives, Asia Pacific has the largest share of the global medical device analytical testing outsourcing market. Furthermore, rapid economic development in countries such as China and India are expected to significantly boost regional market growth over the forecast period.” Says an analyst at FMI.

Competitive Landscape

The global medical device analytical testing outsourcing market is highly fragmented. Mergers, acquisitions, and partnerships, among other strategies, were used by industry participants to maintain market share. The key market players are:

SGS
Toxikon, Inc
Eurofins Scientific
Pace Analytical Services LLC
Intertek Group plc
Wuxi AppTec
North American Science Associates, Inc.
Envigo
Charles River Laboratories International, Inc.
Medical Device Testing Services

Some of the recent developments in the global medical device analytical testing outsourcing market are:

In May 2022, Intertek renews its contract with the Philippines Bureau of Customs for its Bulk and Break Bulk Cargo Clearance Enhancement Programme.
In May 2022, Intertek announced the launch of ‘Intertek Hydrogen’ which assists the hydrogen industry in commercializing ground-breaking technology securely into the future.

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Medical Device Analytical Testing Outsourcing Industry Report Segmentation:

By Service:

Extractable and Leachable
Material Characterization
Physical Testing
Bioburden Testing
Sterility Testing
Other Tests

By Device Type:

Reprocessed Devices
Others Medical

By End Use:

Hospitals
Others

By Therapeutic Areas:

Cardiology
Diagnostic Imaging
Orthopedic
IVD
Ophthalmic
General & Plastic Surgery
Drug Delivery
Endoscopy
Dental
Diabetes Care
Others

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