North America Sports Medicine Market 2020 to Witness Excellent Long-Term Growth Outlook

Pune, New York, USA, November 24 2020 (Wiredrelease) Research Dive :According to a new report published by Research Dive, titled, Sports Medicine Devices Market : North America Opportunity Analysis and Industry Forecast, 2018-2025,the North America sports medicine devices market was valued at $3,580 million in 2018, and is expected to reach $5,382 million by 2025, registering a CAGR of 6.7% from 2019 to 2025.

Sports medicine deals with the physical fitness of athletes. It is used for prevention and treatment of injuries related to sports and exercise. Common sport injuries include anterior cruciate ligament (ACL) tears, ankle sprains, muscle cramps, and shin splints. Sports medicine doctors are trained to restore function to injured patients, so they can get moving again as soon as possible. Demand for sports medicine devices has increased considerably, owing to active participation of athletes in various sports across different countries. Various aspects of sports medicine such as indulging in sports activities for fitness, recommendations for physical training, and sports injury prevention treatment further contribute toward the market growth.

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Rise in incidence of sports-related injuries in the young population majorly drives the growth of the sports medicine devices market. Moreover, sports injuries have become highly prevalent among the young population, owing to increase in participation in sports. In addition, increase in initiatives by governments of various countries to promote sports activities and rise in demand for minimally invasive surgeries boost the market growth. Furthermore, easily accessible and advanced treatment products related to sports medicine for quick easy recovery fuel the demand for sports medicine. However, lack of skilled professionals as well as inappropriate administration and guidelines in the field of sports medicine hamper the growth of the market. Conversely, rising influx of athletes and technological advancements in sports medicine are expected to offer remunerative opportunities for the North America sports medicine market players.

The body reconstruction repair segment is anticipated to dominate the market during the forecast period. This is attributed to the fact that body reconstruction repair products are majorly used in the treatment and prevention of sport-related injuries. Among body reconstruction repair products, the bone/cartilage repair reconstruction segment is expected to register the highest CAGR during the forecast period. Considering body support recovery products, the support devices braces segment was the highest revenue contributor in 2018, accounting for five-ninths share. The knee injuries segment is estimated to grow at the highest CAGR from 2018 to 2025, as athletes frequently suffer from such injuries. Sports medicines are principally employed in the treatment of knee injuries, owing to increase in incidence of meniscus tear among sportspersons.

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Key Findings of the Sports Medicine Devices Market:

The body support recovery segment is anticipated to generate the second highest revenue during the forecast period.
Artificial joint implants serve to be the highest contributor to the orthopedic sports medicine devices market in 2018 and is expected to maintain this dominance

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Traditional Chinese Medicine Market Expected to Witness A CAGR Of More than 5% Over the Forecast Period 2020-2030 – Persistence Market Research

NEW YORK, Oct. 23, 2020 /PRNewswire/ — Traditional Chinese medicine is one of the oldest systems of health and wellness that has been used in China for thousands of years. Other medicines mainly focus on treating a disease. But traditional Chinese medicines aim to increase immune power and look at the entire well-being. The most common type of traditional Chinese medicines includes herbal products, acupuncture, and Tai Chi, among others.

According to a latest report published by PMR, the global traditional Chinese medicine marketis expected to witness a CAGR of more than 5% over the forecast period (2020–2030).

Key Takeaways from Traditional Chinese Medicine Market Study  

  • Non-traditional Chinese medicines is the leading segment by product in the global traditional Chinese medicine market. The Autism Spectrum disorder (ASD) segment has been gaining more traction in recent years, and is expected to expand at a rate of 6.7% during the forecast period.
  • North America is the leading region in the traditional Chinese medicine market, followed by Europe.
  • East and South Asia, including China, South Korea, Japan, India, and ASEAN countries, is the fastest-growing region in the traditional Chinese medicine market, due improving medical infrastructure.
  • Tong Ren Tang, Pfizer, and Novartis AG are amongst the leading players in the global traditional Chinese medicine market. These companies invest most of their revenue in R&D, and focus on strengthening their distribution channels to maintain a leading position in the traditional Chinese medicine market space.
  • 100+ health systems are partnering with retail chains, providing physician oversights and increased patient traffic to retail clinics, and extending health system networks to new patient populations.
  • The COVID-19 pandemic is a cause for concern, which has deprioritized non-essential medical treatments. This will hurt the growth of the global traditional Chinese medicine market in the short term

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/16219

“Increasing incidence of ADHD to boost growth of global traditional Chinese medicine market,” says a PMR analyst.

Rising prevalence of ADHD is a major factor contributing to revenue growth of the traditional Chinese medicine market across the globe. The exact cause of ADHD is still unclear, although genetic influence is observed in most cases.

As per data released by the Centers for Disease Control and Prevention (CDC), approximately 6.1 million (9.4%) – 388,000 children aged 2–5 years, 4 million children aged 6–11 years, and 3 million children aged 12–17 years – were diagnosed with ADHD in the U.S. In Spain, pooled prevalence of ADHD in a population of 361,580 representing children and adolescents was estimated at 6.8% from the last decade.

Get Customization on this Report: https://www.persistencemarketresearch.com/request-customization/16219 

Prevalence of ADHD is rising at an alarming rate, which is expected to fuel revenue growth of ADHD therapeutics such traditional Chinese medicines, as there is no specific treatment for this disorder

Product Innovation – Key Strategy of Traditional Chinese Medicine Market Players

Major players in the global traditional Chinese medicine market are introducing innovative products

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Traditional Chinese Medicine Market Expected to Witness A CAGR Of More than 5% Over the Forecast Period 2020-2030

NEW YORK, Oct. 23, 2020 /PRNewswire/ — Traditional Chinese medicine is one of the oldest systems of health and wellness that has been used in China for thousands of years. Other medicines mainly focus on treating a disease. But traditional Chinese medicines aim to increase immune power and look at the entire well-being. The most common type of traditional Chinese medicines includes herbal products, acupuncture, and Tai Chi, among others.

Persistence_Market_Research

According to a latest report published by PMR, the global traditional Chinese medicine market
is expected to witness a CAGR of more than 5% over the forecast period (2020-2030).

Key Takeaways from Traditional Chinese Medicine Market Study

  • Non-traditional Chinese medicines is the leading segment by product in the global traditional Chinese medicine market. The Autism Spectrum disorder (ASD) segment has been gaining more traction in recent years, and is expected to expand at a rate of 6.7% during the forecast period.
  • North America is the leading region in the traditional Chinese medicine market, followed by Europe.
  • East and South Asia, including China, South Korea, Japan, India, and ASEAN countries, is the fastest-growing region in the traditional Chinese medicine market, due improving medical infrastructure.
  • Tong Ren Tang, Pfizer, and Novartis AG are amongst the leading players in the global traditional Chinese medicine market. These companies invest most of their revenue in R&D, and focus on strengthening their distribution channels to maintain a leading position in the traditional Chinese medicine market space.
  • 100+ health systems are partnering with retail chains, providing physician oversights and increased patient traffic to retail clinics, and extending health system networks to new patient populations.
  • The COVID-19 pandemic is a cause for concern, which has deprioritized non-essential medical treatments. This will hurt the growth of the global traditional Chinese medicine market in the short term

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/16219

“Increasing incidence of ADHD to boost growth of global traditional Chinese medicine market,” says a PMR analyst.

Rising prevalence of ADHD is a major factor contributing to revenue growth of the traditional Chinese medicine market across the globe. The exact cause of ADHD is still unclear, although genetic influence is observed in most cases.

As per data released by the Centers for Disease Control and Prevention (CDC), approximately 6.1 million (9.4%) – 388,000 children aged 2-5 years, 4 million children aged 6-11 years, and 3 million children aged 12-17 years – were diagnosed with ADHD in the U.S. In Spain, pooled prevalence of ADHD in a population of 361,580 representing children and adolescents was estimated at 6.8% from the last decade.

Get Customization on this Report: https://www.persistencemarketresearch.com/request-customization/16219

Prevalence of ADHD is rising at an alarming rate, which is expected to fuel revenue growth of ADHD therapeutics such traditional Chinese medicines, as there is no specific treatment for this disorder

Product Innovation – Key Strategy of Traditional Chinese Medicine Market Players

Major players in the global traditional Chinese medicine market are introducing innovative products to retain

Read more

Testosterone Replacement Therapy Market | Market to Witness Increased Demand for Injectables Through 2024

The testosterone replacement therapy market size is set to grow by USD 113.54 million during the period spanning over 2020-2024. One of the key factors driving growth is the rising initiatives to increase awareness about the disease. The rising incidence of hypogonadism has led many organizations across the world to introduce awareness campaigns and encourage early diagnosis of the condition. The rise in novel therapeutic approaches is a significant trend that will further stimulate market growth. Vendors in the market are increasing their R&D efforts to develop new and alternative treatment options that are safer for patients.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201019005262/en/

Technavio has announced its latest market research report titled Global Testosterone Replacement Therapy Market 2020-2024 (Graphic: Business Wire)

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Parent Market Analysis

Technavio categorizes the global testosterone replacement therapy market as a part of the pharmaceutical market within the overall healthcare industry. The parent pharmaceuticals market covers products and companies engaged in research and development (R&D) or production of generic drugs, non-generic drugs, and veterinary drugs. Growth in the healthcare market will be driven by the increasing life expectancy of individuals worldwide.

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Testosterone Replacement Therapy Market: Geographic Segmentation

The report segments the market by geography: Asia, Europe, North America, and ROW. About 53% of the market’s growth will originate from North America during the forecast period. This is due to the rising prevalence and awareness about the treatment for conditions such as hypogonadism, testosterone deficiency, and erectile dysfunction. The US is the key market for testosterone replacement therapy in North America.

Testosterone Replacement Therapy Market: Segmentation by Product

The injectables segment was leading the market in 2019. The segment is mainly driven by the availability of patient assistance programs and direct administration benefits. Also, the increasing prevalence of conditions such as obesity, diabetes, dyslipidemia, and metabolic syndrome is fueling the growth of the segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the testosterone replacement therapy market size.

Testosterone Replacement Therapy Market: Growth Drivers

The market is driven by the rising initiatives to increase awareness about diseases among the population. The increasing prevalence of conditions such as hypogonadism has led many organizations across the world to undertake initiatives to educate people about available treatment options. For instance, the Endocrine Society undertakes initiatives to increase awareness about hypogonadism among medical professionals by releasing clinical practice guidelines on testosterone therapy. Similarly, organizations such as the Testicular Cancer Awareness Foundation, Endocrine Awareness Center for health, and the American Urological Association are educating people about the diagnosis and treatment for hypogonadism. This is driving a significant number of people to proactively approach fertility care centers and medical practitioners

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