DATA INSIGHTS: June 2023

Monday, June 12, 2023

Pruritus Therapeutics Market, Revenue Share, Key Growth Trends, Major Players, and Forecast, 2022–2028

The Pruritus Therapeutics Market is experiencing significant growth and is projected to reach a value of over USD 19.98 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.2% throughout the forecast period. This growth can be attributed to the increasing prevalence of skin diseases.

Pruritus, commonly known as itching, is often associated with primary skin disorders such as atopic dermatitis, xerosis, drug eruptions, psoriasis, urticaria, arthropod assaults, dermatitis herpetiformis, and mastocytosis. It manifests as an unpleasant sensation that triggers the urge to scratch or itch. Pruritus is frequently linked to systemic diseases and can range in severity from mild itchiness to a persistent, debilitating condition. Generalized pruritus, based on the underlying causative disease, can be categorized into various types, including cholestatic pruritus, renal pruritus, hematologic pruritus, idiopathic generalized pruritus, endocrine pruritus, and pruritus related to malignancy. Chronic pruritus is commonly observed in pregnant women, with around 18% of all pregnant women experiencing pruritus.

Competitive Landscape:

Key players contributing towards the global pruritus therapeutics market are Allergen, Bristol-Myers Squibb, Astellas Pharma, GlaxoSmithKline, Eli Lilly, Novartis, Merck, Sanofi, and Pfizer.

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According to the World Health Organization (WHO), nearly 900 million people worldwide suffer from skin diseases at any given time, making them one of the most prevalent health issues globally. Atopic dermatitis, also known as atopic eczema, is a prominent skin disorder characterized by pruritus and has a prevalence rate of approximately 6.1-22.3% in Western countries. In the United States, an estimated 23-44 million people are likely to experience chronic pruritus in the context of both cutaneous and systemic conditions. The market for skin condition treatments is projected to reach USD 12.6 billion in terms of revenue, exhibiting a CAGR of 6.5% by 2027, driven by the rising incidence of skin conditions worldwide.

The prevalence of chronic pruritus significantly impacts individuals' daily functioning and quality of life. It can lead to mood disturbances, disrupted sleep patterns, increased anxiety, and depression. Consequently, pharmaceutical companies are actively developing novel drugs and treatments to help individuals suffering from chronic skin conditions. For example, Pfizer Inc., a leading global pharmaceutical company, obtained approval from the U.S. Food and Drug Administration (FDA) for EUCRISATM ointment 2% (crisaborole) in 2016. This innovative non-steroidal topical phosphodiesterase-4 (PDE-4) inhibitor is used for the treatment of mild to moderate atopic dermatitis.

The growing burden of skin diseases and the detrimental impact of pruritus on individuals' well-being have spurred the demand for effective therapeutic options. Continued research and development efforts are expected to drive advancements in pruritus treatments, providing relief and improving the quality of life for affected individuals.

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Type (Revenue, USD Million; 2018-2028)

Corticosteroids
Antihistamines
Local Anesthetics
Counterirritants
Immunosuppressant
Calcineurin Inhibitors
Others

Disease Type (Revenue, USD Million; 2018-2028)

Skin conditions
Atopic Dermatitis
Allergic Contact Dermatitis
Urticaria
Others
Internal diseases
Nerve disorders
Psychiatric diseases
Irritation and allergic reactions

Treatment Type (Revenue, USD Million; 2018-2028)

Itchy skin treatment
Corticosteroid creams and ointments
Other creams and ointments
Oral medications

End-Use (Revenue, USD Million; 2018-2028)

Hospital
Clinic
Others

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Key Advantages of Pruritus Therapeutics Report:

Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Pruritus Therapeutics industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Thank you for reading our report. For more details please connect with us and our team will ensure the report is customized to meet all the needs of clients. The report also offers a comprehensive regional analysis and specific countries can be included in the report according to the requirements.

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Medical Tourism Market Revenue, Trends, Growth Factors, Region and Country Analysis & Forecast To 2032

The availability of high-quality healthcare services in developing nations and the increasing healthcare expenses in industrialized nations are major factors that are driving the revenue growth of the market.

Market Size – USD 5.3 Billion in 2022, Market Growth – at a CAGR of 32.51%, Expected Market Size – USD 66.76 Billion in 2032, Market Trends – Infrastructural and medical technology advancements in developing countries.

The global medical tourism market size was USD 5.3 Billion in 2022 and is expected to register a revenue CAGR of 32.51% over the forecast period, according to the latest report by Reports and Data.

Medical tourism is growing as a result of improvements in the healthcare business, such as the introduction of medical equipment and non-invasive surgery treatments. Patients can undergo medical treatments, surgeries, and operations overseas for less money than in their own countries due to the increasing rise of the medical tourism industry. In addition, higher disposable income and increased awareness of medical tourism are supporting market revenue growth.

As the prevalence of chronic diseases such as cancer, Cardiovascular Diseases (CVDs), and neurological disorders rises and healthcare prices in developed nations remain high, more individuals are preferring to seek medical care in poorer countries. Because of their high-quality medical facilities and highly experienced medical experts, countries such as India, Thailand, Malaysia, and Singapore are increasing appeal for medical tourism.

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Additionally, advancements in medical technology and infrastructure in developing countries are also expected to contribute to the growth of the medical tourism market. Many countries are making substantial investments in expanding their healthcare facilities to attract patients from abroad. For example, the Indian government has launched initiatives such as the National Medical and Wellness Tourism Board and e-Medical Visa to promote medical tourism. These efforts are expected to attract a significant number of international patients, thereby increasing the demand for medical tourism in the healthcare industry.

Some Key Highlights from the Report

In 2022, the inpatient segment will account for the majority of revenue in the medical tourism industry. This is due to the growing demand for low-cost healthcare services and cutting-edge medical treatments, as well as the availability of high-quality medical facilities and skilled healthcare workers. Inpatients are patients who require hospitalization and therapy for a longer length of time, generally more than 24 hours. Furthermore, increased chronic illness prevalence, which usually necessitates substantial medical treatment, including procedures and hospital stays, is likely to boost revenue growth in this market.
The medical tourism market is predicted to experience rapid revenue expansion, with the orthopedic sector expected to exhibit the swiftest growth rate during the forecast period. This is attributable to the aging populace and the surging incidence of orthopedic afflictions like osteoporosis, osteoarthritis, and rheumatoid arthritis. Additionally, the steep costs of orthopedic operations in developed countries have driven patients to search for more affordable medical options overseas, thereby further propelling the revenue expansion of this particular segment.
In 2022, Thailand had the highest revenue share in the medical tourism sector. This is owing to the existence of known for its first-rate medical facilities and services, cost-effective treatment options, and qualified medical personnel, which has attracted many medical tourists from across the world. Moreover, proactive government policies and actions to encourage medical tourism are likely to fuel market revenue development.
Some of the prominent players profiled in the global medical tourism market include Bumrungrad International Hospital, Asklepios Kliniken GmbH & Co. KGaA, Fortis Healthcare Limited, Apollo Hospitals Enterprise Limited, Prince Court Medical Centre, Samitivej Public Company Limited, Raffles Medical Group, Medanta The Medicity, Anadolu Medical Center, and Wooridul Spine Hospital.
Apollo Hospitals Enterprise Ltd announced a cooperation with the Government of India on January 20, 2022, to establish a new medical tourism destination in India. This initiative is anticipated to draw people from all over the world and to offer world-class medical facilities and services.
Bumrungrad International Hospital established a cooperation with Thailand's Ministry of Public Health on August 5, 2021, to promote medical tourism in Thailand. This collaboration intends to improve Thailand's medical tourism services and facilities while also attracting more overseas patients.
Bumrungrad International Hospital introduced the Wellness Complete package, a comprehensive health screening bundle, in 2021. This package offers a broad variety of health screenings and diagnostic tests aimed to assist patients in identifying potential health concerns before they become serious.
Asklepios Kliniken GmbH & Co. KGaA will open the Asklepios Proton Therapy Center in 2020, a novel cancer treatment program. This clinic provides sophisticated proton therapy treatments for cancer patients utilizing cutting-edge technology and equipment.

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For the purpose of this report, Reports and Data has segmented the global medical tourism market on the basis of Type of Treatment Outlook, Patient Type Outlook, and Regional Outlook:

Type of Treatment Outlook (Revenue, USD Billion; 2022 - 2032)

Cosmetic
Dental
Cardiovascular
Orthopaedic
Others

Patient Type Outlook (Revenue, USD Billion; 2022 - 2032)

Impatient
Outpatient

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Advantages of Medical Tourism Report:

Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Medical Tourism industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Medical Tourism market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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Thursday, June 8, 2023

Nutraceuticals Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2032

The global nutraceuticals market has been experiencing significant growth and is expected to continue expanding in the coming years. In 2022, the market size was valued at USD 284.8 billion, and it is projected to reach USD 464.5 billion by 2032, with a projected compound annual growth rate (CAGR) of 5.4% during the forecast period.

Several factors are driving the revenue growth of the nutraceuticals market. Firstly, there is an increasing prevalence of chronic diseases worldwide. Nutraceuticals have been shown to effectively manage chronic illnesses such as diabetes, heart disease, and cancer. As a result, consumers are turning to these products to enhance their overall health and wellness, leading to increased demand.

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The rising demand for functional foods is another significant driver of market growth. Functional foods are fortified with additional nutrients and bioactive components, offering health benefits beyond basic nutrition. Consumers are increasingly seeking foods that can support digestive health, boost the immune system, and improve cognitive function. This growing demand for functional foods is contributing to the revenue growth of the nutraceuticals market.

Additionally, the increasing popularity of plant-based products is driving market revenue growth. Concerns about the environmental impact of animal agriculture and the health benefits of plant-based diets have led to a rising demand for plant-based nutraceuticals. These products have been shown to lower the risk of chronic diseases and improve overall health and wellness, attracting health-conscious consumers.

The market is also being driven by the demand for customized nutrition. Technological advancements have enabled the development of personalized nutrition regimens based on an individual's genetic makeup, lifestyle, and dietary choices. Personalized diets have been proven effective in improving health outcomes and reducing the risk of chronic diseases, further fueling the demand for nutraceuticals.

However, there are certain challenges that impact the market's revenue growth. Stringent government regulations, the high cost of research and development (R&D), and the limited availability of raw materials can pose obstacles for nutraceutical companies. Compliance with regulatory requirements and investing in R&D can be costly, hindering market growth. Additionally, the availability of raw materials can be limited, affecting the production and availability of nutraceutical products.

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Despite these challenges, the increasing consumer demand for health and wellness products and the growing awareness of the connection between nutrition and disease prevention are expected to drive the revenue growth of the nutraceuticals market. As consumers continue to prioritize their health and seek preventive measures, the market is likely to witness sustained growth in the future.

By Product Type Outlook

Functional Food
Dietary Supplements
Functional Beverages
Others

By Application Outlook

Sports Nutrition
General Wellness
Weight Management
Others

By Distribution Channel Outlook

Retail Stores
E-commerce
Pharmacies and Drug Stores
Others

Regional Outlook:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Key Advantages of Nutraceuticals Report:

Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Nutraceuticals industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Nutraceuticals market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com

Tuesday, June 6, 2023

Orthopedic Braces and Supports Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2022–2032

The Global Orthopedic Braces And Supports Market has been experiencing significant growth and is projected to continue expanding in the coming years. In 2022, the market size was valued at USD 5.35 billion, and it is expected to reach USD 9.84 billion by 2032, with a projected compound annual growth rate (CAGR) of 7% during the forecast period.

Several factors are driving the revenue growth of the orthopedic braces and supports market. Firstly, there is an increasing incidence of orthopedic disorders globally. Conditions such as arthritis, sprains, strains, and fractures are becoming more prevalent, leading to a higher demand for orthopedic braces and supports. According to the World Health Organization (WHO), around 10% to 15% of the global population suffers from musculoskeletal disorders, further driving the demand for these devices.

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Some of the major players in the global orthopedic braces and supports market include:

Össur hf
DJO Global, Inc.
Bauerfeind AG
Breg, Inc.
DeRoyal Industries, Inc.
BSN medical GmbH
medi GmbH & Co. KG
Thuasne Group
Ottobock SE & Co. KGaA
3M Company

The growing geriatric population is also a significant factor contributing to market growth. As individuals age, they are more susceptible to orthopedic disorders and injuries, leading to a greater need for orthopedic braces and supports. The United Nations predicts that the global geriatric population will reach 2.1 billion by 2050, further increasing the demand for these devices.

Furthermore, the rising number of sports-related injuries is also fueling the demand for orthopedic braces and supports. With the increasing popularity of sports activities, the incidence of injuries has also risen, driving the need for supportive devices to aid in the recovery and prevention of further damage.

The demand for non-invasive and minimally invasive surgeries is another contributing factor to the market's growth. As medical technology advances, more patients and healthcare professionals are opting for less invasive treatment options. Orthopedic braces and supports provide a non-invasive approach to support injured joints and muscles, aiding in the healing process and reducing the need for extensive surgical procedures.

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Technological advancements in orthopedic braces and supports are also driving market growth. The development of new materials and designs has enhanced the comfort, durability, and effectiveness of these devices. Innovations such as 3D printing technology have allowed for more personalized and tailored solutions for patients, further increasing the adoption of orthopedic braces and supports.

However, there are certain factors that hinder the market's revenue growth. The high cost of orthopedic braces and supports can limit their adoption, particularly in developing countries where affordability is a major concern. Additionally, the lack of reimbursement policies for these devices can also impact their adoption, as patients may be reluctant to bear the financial burden individually.

In conclusion, the orthopedic braces and supports market is driven by the increasing incidence of orthopedic disorders, the growing geriatric population, rising sports-related injuries, and the demand for non-invasive and minimally invasive treatment options. Technological advancements have also played a crucial role in the market's growth. However, challenges such as high costs and limited reimbursement policies need to be addressed to ensure wider accessibility and adoption of these devices.

By Product Type Outlook

· Knee Braces

· Back Braces

· Wrist Supports

· Ankle Braces

· Others

By Application Outlook

· Osteoarthritis

· Injury Rehabilitation

· Sports Injuries

· Others

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Key Advantages of Orthopedic Braces and Supports Report:

Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Orthopedic Braces and Supports industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Orthopedic Braces and Supports market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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