Impact of Existing and Emerging Global Ophthalmic Drugs Market Trends And Forecast 2020-2027

 Market Scenario

Ophthalmic Drugs Market is expected to register 5.1% CAGR during the forecast period of 2019 to 2025 and held a market value of USD 29.46 Billion in 2018.

Ophthalmic drugs are used to treat eye infection and various types of eye conditions. Ophthalmic diseases, including age-related macular degeneration (AMD), diabetic macular edema (DME), diabetic retinopathy, retinal vein occlusion (RVO), and myopic choroidal neovascularization, are potential threats to an individual’s sight.

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A number of factors such as rising prevalence of eye diseases, growing awareness, huge research funding in ophthalmology, unmet medical needs, rising competition among market players, improving regulatory framework, aging population, and increasing government assistance, are a few factors propelling the growth of the global ophthalmic drugs market. According to the 2017 statistics suggested by the World Health Organization (WHO), the chronic eye disease is the main cause of vision loss, globally.

However, the high cost associated with a diagnosis of eye diseases, side effects of available treatment options, and lack of healthcare insurance may hamper the growth of the market.

Regional Analysis

The Americas dominates the ophthalmic drugs market owing to the presence of patient population, rising prevalence of eye diseases, well-developed technology, high healthcare expenditure, and the presence of the leading players. According to the glaucoma research foundation, in the United States, more than 120,000 are blind because of glaucoma. This accounts for 9 to 12% of all the cases of blindness. It is also reported that over 3 million Americans have glaucoma, but only a few of them know they have it. It is also reported that glaucoma accounts for more than 10 million visits to physicians each year. In November 2017, Bausch & Lomb, a U.S.-based company, received the FDA approval for Vyzulta (latanoprostene bunod ophthalmic solution). The drug is designed for the reduction of intraocular pressure in patients with glaucoma or ocular hypertension. In December 2017, Rhopressa (netarsudil ophthalmic solution) by Aerie Pharmaceuticals has also received the FDA approval for the treatment of glaucoma or ocular hypertension.

Europe holds the second position in the ophthalmic drugs market. It is expected that the government support towards research and development expenditure, increasing competition among marketers, and amendments in reimbursement policies in healthcare are likely to drive the European market.

Asia Pacific is the fastest growing ophthalmic drugs market owing to a huge patient pool, increasing demand, and development in healthcare technology.

The Middle East and Africa hold the lowest share of the global ophthalmic drugs market due to low development, lack of technical knowledge, and poor medical facilities.

Segmentation

The global ophthalmic drugs market is segmented on the basis of indication, drug class, type of dosage, product, distribution channel.

On the basis of indication, the market is classified as glaucoma, retinal disorders, inflammation/infection, dry eye, allergies, uveitis, and others.

On the basis of the drug class, the market is classified as antiallergy, anti-VEGF agents, anti-inflammatory, antiglaucoma, and others. The anti-inflammatory class is further segmented into nonsteroidal drugs and steroidal drugs.

On the basis of type of dosage, the market is classified as eye drops, eye solutions, ointments, capsules and tablets, and gels.

On the basis of the product, the market is classified as prescription drugs and OTC drugs.

On the basis of the distribution channel, the market is classified as hospital pharmacies, online pharmacies, drug stores, and others.

Key Players

Some of the key players in the global ophthalmic drugs market are Actavis Generics, Allergan Plc, Bausch & Lomb Inc., Genentech, Inc., Merck & Co., Inc., Pfizer Inc., Regeneron Pharmaceuticals, Inc., Santen Pharmaceutical Co., Ltd., Shire Plc, Sun Pharmaceutical Industries Limited, Teva Pharmaceutical Industries Ltd., Valeant Pharmaceuticals International, Inc., and others.

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Acne Treatment Market: Drivers, Restraints, Opportunities, and Threats (2020-2027)

 Global Acne Treatment Market is expected to grow at an approximate CAGR of 5.3% during the forecast period. Acne, also known as acne vulgaris is a skin condition characterized by the clogging of hair follicles with oil or dead skin cells. The skin condition can be persistent even after treatments.  Acne is estimated to affect the areas of the skin which have a relatively high number of oil glands, i.e., face, the upper part of the chest, and back. Pustules, nodules, cystic lesions, papules, among others are some of the common symptoms of the disease.  Acne is common among teenagers. Increasing prevalence of the acne and growing teenage population are the active drivers of the Acne Treatment Market growth during the forecast period. According to the Acne and Rosacea Society of Canada in 2016, acne affected ~90% of the teens in Canada. Moreover, it was estimated that ~5 million people within the region have acne.

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Additionally, cosmetic expenditures and increasing awareness of the disease boosts the acne treatment market growth. According to the American Society for Aesthetic Plastic Surgery in 2016, the Americans spent more than USD 13.5 billion on aesthetic procedures (surgical and nonsurgical). The estimated increase from 2014 was about USD 1.5 billion. However, factors such as reported cases of acute reactions caused by the non-prescription acne care products and the high cost of therapeutic procedures like microdermabrasion, dermabrasion, and others may restrain the market growth during the forecast period. According to the American Society of Plastic Surgeons in 2016, the average cost of dermabrasion was estimated to be about USD 1,162, excluding the anesthetic and other related expenses.

Segmentation

The global acne treatment market is segmented on the basis of type, treatment, treatment modality, and end users. On the basis of the type, the market is segmented into comedonal acne, inflammatory acne, cystic acne, post-surgical/wound acne, and others. On the basis of treatment, the market is categorized into medication, therapeutic devices, and others. The medication segment is-sub segmented into retinoid, antibiotics, and others. The retinoid segment is further segmented into adapalene, tretinoin, others. The antibiotics segment is further segmented into erythromycin, clindamycin, and others. The therapeutic devices segment is sub-segmented into lasers, microdermabrader, dermabradors, and others.  On the basis of treatment modality, the market is segmented into oral, topical, injectable. On the basis of end users, the market is segmented into hospitals & clinics, pharmacies & drug stores, ambulatory surgical centers, and others.

Regional Analysis

America dominates the global acne treatment market owing to a well-developed healthcare sector and a huge patient population within the region. Moreover, changing lifestyle and increasing cosmetic expenditure provides a boost to the market growth in the Americas.  Europe holds the second largest market for acne treatment across the globe due to availability of funds for research, a huge patient population and increasing teenage population within the region. Asia Pacific is projected to be the fastest growing region for the market for acne treatment. This can be attributed due to increasing prevalence of acne, and continuously developing economies like India and China within the region. Additionally, a developing healthcare sector within the region fuels the market growth. On the other hand, the Middle East & Africa holds the least share in the global acne treatment market. Presence of poor economies, stringent government policies and lack of healthcare services are the factors restraining the growth of the market within the region. It is estimated that a majority of the acne treatment market within the Middle East and Africa is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure by the developed economies like Saudi Arabia, Dubai, Kuwait within the region.

Key Players

The key players for the global acne treatment market are ALLERGAN (Republic of Ireland), Galderma S.A. (Switzerland), Stiefel Laboratories, Inc. (U.S.), Valeant (Canada), Johnson & Johnson Services, Inc. (U.S.), GlaxoSmithKline Plc. (U.K), Teva Pharmaceutical Industries Ltd. (Israel), Bayer AG (Germany), Roche Holding AG (Switzerland), and others.

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Beauty Devices Market: Recent Industry Trends and Projected Industry Growth, 2020– 2027

 The Global Beauty Devices Market is expected to grow at a CAGR of 7.8 % during the forecast period 2017-2023. Beauty devices are products that aid in enhancing one’s physical appearance. These devices helps to resolve issues related to skin and hair. These beauty devices have committed to provide the same service as one would get from any aesthetic treatment. Increasing awareness about beauty devices and services, rising geriatric population, increasing hormonal disorders, high disposable income, increasing prevalence of skin and hair problems along with immense technological advancement are the driving factors of the beauty devices market. As per the latest trends in beauty devices market, existing companies are focusing more on unique approaches and innovative technologically advanced devices. This has created competition among existing market players and new entrants will directly lead to decrease in prices.

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Beauty devices have attracted a considerable attention of market, since the technology is developing in almost every aspect of life leading to a higher adoption of these technologically advanced products by the consumers. These beauty devices are accepted by the consumers. However, the presence of reasonable substitutes and side-effects from beauty devices may hamper the upside move of the market over the review period.

Hair removal devices hold the largest global market share of beauty devices, owing to increasing prevalence of polycystic ovary syndrome (PCOS) and hormonal problems among females. According to CDC, PCOS is affecting 6% to 12% of the U.S. women of reproductive age.

Beauty Devices Market Intended Audience

• Product manufacturers
• Beauty Devices manufacturer
• Research and Development (R&D) Companies
• Hospitals and Laboratories
• Medical Research Laboratories
• Academic Medical Institutes and Universities 

Beauty Devices Market Segmentations The global beauty devices market is segmented on the basis of type, application, and end user.

On the basis of type, it is segmented into hair care, skin care, oral care, and others. Furthermore hair care segmented into hair removal devices, hair growth devices, hair styling devices, and others and skin care segmented into light/led and photo rejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others.

On the basis of application, it is segmented into commercial purpose and others. Furthermore commercial purpose segmented into salon/spas, hospitals/clinics, and others

On the basis of end user, it is segmented into professional and personalized. 

Beauty Devices Market Regional Analysis The Americas dominate the global beauty devices market owing to well-developed technology, increasing patient with PCOS, rising aging population, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region. Some regions of Latin America are also expected to rise at a faster pace.

Europe holds the second position in the global beauty devices market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.

Asia Pacific is the fastest growing acquired beauty devices market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and China is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in healthcare, is projected to lead to the use of advanced equipment, which, in turn, will increase the market growth of the acquired aplastic anemia in the region. In the Asia Pacific region, China is commanding the largest market share owing to tremendous economic development and increasing aging population.

On the other hand, the Middle East and Africa is expecting a luxurious growth in coming years. On the basis of consumer awareness, the usage of beauty devices is dominant across all age groups. Beauty Devices Market Key Players Some of key the players in the market are L'Oreal S.A., Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd, Home Skinovations Ltd, TRIA Beauty Inc, Procter & Gamble Co, PhotoMedex Inc, Tria Beauty Inc.

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Immunoassay Analyzers Market – Insights on Upcoming Trends 2027

 Immunoassay is a test that measures the concentration of analytes in blood samples, this is done by an instrument known as immunoassay analyzer. This instrument measures the presence or concentration of proteins in analyte samples; using antigen-antibody binding properties. Increasing demand for the new and better drugs has led to increase the number of testing procedures. These assays are used to monitor and measure different types of diseases. The global immunoassay analyzer market is majorly driven by an increasing prevalence of different infectious, immunological or metabolic diseases, increasing demand of advanced diagnostic devices and recent trends of automation and integration which together have led to the introduction of innovative products in this market. According to the Center of Disease Control and Prevention, over 17.8 million people suffers from infectious diseases each year. Beside this, rising number of patient suffering from cardiovascular diseases and diabetes has stimulated the demand for the different drugs and tests ultimately led to the growth of the market. Furthermore, increasing geriatric population, changing lifestyle, growing habit of smoking and drinking along with increasing spending on healthcare have also fuelled the growth of this market. However, test and assays performed are strictly monitor and thus, strict regulatory requirement and high cost of the instruments may hinder this market’s growth.

The global immunoassay analyzers market is growing at a healthy CAGR of 15.6% during the forecast period of 2017-2023.

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Segmentation

The global immunoassay analyzer market is segmented on the basis of instruments, applications, and end users. On the basis of instruments, the market is classified into immunofluorescence, chemiluminescence, ELISA, enzyme linked fluorescent system, multiplexed assay system, radioimmunoassay and others. On the basis of application, the market is segmented into infectious diseases, autoimmune diseases, AIDS, endocrinology, drug monitoring, cardiology, oncology, allergy testing and others. On the basis of end users, the market is categorized into hospitals, diagnostic laboratories, research institutes, and others. 

Regional Analysis

The global immunoassay analyzer market is dominated by America, which is followed by Europe. Presence of huge diabetic and cancer population, large geriatric population, and well developed healthcare sector has driven this market’s  growth in America.   Europe immunoassay analyzer market is majorly driven by the presence of large number of pharmaceutical and biotechnological companies. Along with these, Asia Pacific also has the fastest growing immunoassay analyzer market due to rapidly developing economies with huge population base, mainly in India and China. However, the Middle East & Africa has the least market due to limited development in the healthcare sector. 

Some of the major key player of this market are F. Hoffmann-La Roche Ltd.  (Switzerland), Siemens Ltd. (Germany), Abbott (US), Beckman Coulter, Inc. (US), Ortho Clinical Diagnostics (US), bioMérieux Private Limited (France), Biokit S.A (Spain), The Binding Site Group Ltd. (UK), Immunodiagnostic Systems (UK), Merck KGaA (US), Olympus Corporation (Japan), Nova Century Scientific, Inc. (US), Thermo Fisher Scientific (US), DiaSorin S.p.A. (Italy), and Randox Laboratories Ltd. (UK) 

Increasing prevalence of different types of chronic diseases is fueling the growth of this market. The global immunoassay analyzer market is a highly competitive market due to the presence of many small and medium companies. These companies are focusing on the development of new and advances devices, while some companies have adopted strategies of acquisitions and strategic alliances, this will consequently lead to this market’s growth.
Hoffmann-La Roche Ltd, a Swiss multinational healthcare company, operates under two division, which are diagnostics and pharmaceuticals. In 2016, the company launched the new cobas e 801 module, which will help hospitals and laboratories to meet the demand of diagnostic testing. Cobas e 602 is one of the most widely used devices of this company. 

Beckman Coulter, Inc., headquartered in California, US, is a manufacturer of biomedical laboratory instruments. In 2015, the company completed the acquisition of MicroScan from Siemens Healthcare. UniCel DxI 800, UniCel DxI 600, and Access 2 are some of the major immunoassay analyzer manufactured by this  company. 

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Medical Tricorder Market – Insights on Upcoming Trends 2027

 Medical Device Industry is flourishing across the globe owing to an increasing demand for technologically advanced devices, extensive use of smart medical devices, and overall improvement in healthcare sector. Various smart devices are used to determine the heart rate, glucose levels in the body, and other parameters.

Medical device used by the consumer to self-diagnose medical condition is known as a medical tricorder. It takes basic vital measurement like heart rate and body temperature within seconds. Major functions of a medical tricorder are to monitor health of a person, summarize patient’s health, diagnose disease and take health measurements. Furthermore, rapid development in technology, increasing government support for research & development, changing lifestyle, and many adverse effects of the present diagnostic methods expected to fuel the market growth during the forecast period.

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However, these types of devices has to pass all the regulatory standards and rules, which increases the approval time. The average approval time for the medical diagnostic device may vary from 5-8 years. This long approval time, high cost of the research & development and devices may hamper the market growth during the corresponding period.

The demand of medical tricorder is increasing because of an increase in the demand medical tricorder among health care providers, helping them to diagnose patient’s health condition, increasing outpatient services in the hospitals, increase in patient pool suffering from diabetes, and cardiovascular diseases, and demand for new technology for diagnoses and monitoring.

According to findings from the WHO, in 2014, approximately 422 million people suffered from diabetes across the globe.

Global market of medical tricorder is expected to reach USD 5.4 billion in 2023 from USD 2.5 billion in 2016 with a CAGR of approximately 6.7% during the forecast period 2017-2023.

• Healthcare IT companies
• Medical device companies
• Contract Research Organizations (CROs)
• Research and Development (R&D) Companies
• Academic Medical Institutes and Universities

Segmentation

 The Global Medical Tricorder Market is segmented on the basis of type which includes USB camera, fiber optic camera, wireless, corded and other types.

On the basis of application which includes diagnosis, monitoring and other applications.

On the basis of end users the market is segmented into are hospitals, clinics and others.

Key Players

Scanadu (US), QuantuMDx Group Ltd. (UK), Ibis Biosciences (U.S.) and Others.

Regional Analysis

Globally, The Medical Tricorder Market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa.  North America is the largest market whose growth is attributed to an increase in patient pool, and demand for improved technology for diagnosis of ongoing health of a patient drive this market in America. According to the American Diabetes Association, in 2015, approximately 30.3 million Americans which is 9.4% of the American population were suffering from diabetes  

Europe is the second largest market driven by extensive research in innovative product development, and adoption of new technologies in healthcare institutes such as hospitals & clinics, research institutes, clinical laboratories, diagnostics center and home care settings.

Asia Pacific shows steady growth in this market by driven rising prevalence of chronic diseases such as obesity, diabetes, cardiovascular diseases, growing geriatric population, and development in healthcare sector. China and India are expected to be the emerging market in Asia Pacific, owing to the increasing number of patients diagnosed with chronic diseases, and high growth potentials supported by favorable macro-economic conditions.

The market shows steady but positive growth in Middle East & Africa owing to demand for primary care services for the diagnosis and treatment of chronic diseases, and rising awareness about preventive measures for various diseases, and increasing emphasis on women and child care.

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Endoscopy Device Market Insights Analysis 2020-2027

Market Overview

According to MRFR, the Global Endoscopy Device Market is poised to mature at a CAGR of 6.30% during the forecast period 2019-2027. The rising success of minimally invasive non-robotic surgery or endoscopic surgery has driven the demand for global endoscopic instruments to a new degree.

COVID-19 Analysis

The pandemic of COVID-19 has had a significant global influence on endoscopic facilities. In addition, the infection is transmitted through touch and droplets. Therefore, endoscopy healthcare providers face considerable risk during the pandemic since the spread is mostly by direct contact or aerosol droplets, and endoscopy operations involve a short physical gap between patients and workers.

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The growing incidence of chronic diseases in the endoscopy device market will support the growth. As per endoscopy device market analysts, the endoscopy device market based companies will face certain challenges during the 2019 to 2027. The endoscopy device market research report provides in-depth analysis of the accessory & processors, application, end user, therapy, treatments & procedures, and types segments. The endoscopy device market research report presents factors such as increased costs associated with new product creation that could slow down the endoscopy device market's growth.

Market Segmentation 

The endoscopy device market has been segmented into accessory & processors, application, end user, therapy, treatments & procedures, and types . Based on the segment which is types, the market is categorized on the basis of capsule endoscopes, flexible endoscopes, rigid endoscopes, robot-assisted endoscopes, and surgical endoscopes. The global market for endoscopy device is further segmented based on therapy into arthroscopy, colonoscopy, cystoscopy, endoscopic retrograde cholangiopancreatography, gastroscopy, laparoscopy, sigmoidoscopy, and ureteroscopy. Furthermore, the market, on the basis of treatments & procedures is segmented into lower gastrointestinal conditions, abdominal, gynecologic and pelvic organ conditions, joint and orthopedic conditions, lung and airway conditions, upper gastrointestinal conditions, and urinary system conditions. Based on applications the market is segmented into arthroscopy, bronchoscopy, gastrointestinal endoscopy, mediastinoscopy, obstetrics/gynecology endoscopy, otoscopy, and urology endoscopy. The endoscopy device market based on accessory & processors is segmented into accessory and processors. Additionally, the market on the basis of technology is segmented into video and fiber.

The endoscopy device market report offers comprehensive study of the endoscopy device market segments including accessory & processors, application, end user, therapy, treatments & procedures, and types. The analysts have also studied the endoscopy device market's spread across the regional markets across many of the endoscopy device market’s segments at country levels. The accessory & processors, application, end user, therapy, treatments & procedures, and types segments spread across the endoscopy device market along with the subsegments are studied. The global market for endoscopy device is spread across various product and service based segments. The endoscopy device market research report highlights these key segments and offers forecasts based on primary and secondary data. The global endoscopy device market research report presents key company profiles of organizations active across the endoscopy device market.

Regional Overview

Service offerings to consumers may hinder the endoscopy device market growth. The endoscopy device market research report suggests that companies in the endoscopy device market could be supported by expanded support and coverage for endoscopic screening and care as well as the rising geriatric population around the world during the forecast period. The endoscopy device market is set to register growth at a high CAGR owing to these key factors. The endoscopy device market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per endoscopy device market analysts, the endoscopy device market is set to witness tremendous growth across accessory & processors, application, end user, therapy, treatments & procedures, and types segments. The global endoscopy device market’s North American region covers endoscopy device markets across the United States, Mexico, Canada, and others. Businesses present in the endoscopy device market are also profiled and their strategies have been presented in detail in the endoscopy device market research report.
The endoscopy device market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the endoscopy device market research report provides details about the APAC region covering endoscopy device markets from China, India, Australia, Japan, and others. The endoscopy device market is also active across several other parts of the world. The endoscopy device market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global endoscopy device market..

Competitive Landscape

Endoscopy devices have seen tremendous growth, due to increased preference for minimally invasive and the growing success of minimally invasive surgery. However, loss of sales due to the delay in release of the product  and strict approval procedures would challenge the companies active in the endoscopy device market. Furthermore, companies using growth strategies to stay ahead in the global endoscopy device market are expected to help the market during the forecast period 2019 to 2027. As the endoscopy device market report suggests that the endoscopy device market will register a CAGR of 6.30% and reach a greater valuation in the coming years, the market report highlights key areas endoscopy device market based companies need to focus on. The endoscopy device market research report projects a long term growth till 2027. Based on endoscopy device market’s analysis on the basis of SWOT and Porters’ Five Force Model, the endoscopy device market will rise during the forecast period 2019 to 2027, however the companies need to move ahead with caution. The endoscopy device market research report highlights such key areas.

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Aromatherapy Market: Drivers, Restraints, Opportunities, and Threats (2020-2027)

 Aromatherapy uses aromatic oils, and other aroma compounds for improving psychological or physical well-being.

The market for aroma therapy is rising due to factors such as large number of people opting for aromatherapy, growing lifestyle industry, non-invasive nature of aromatherapy etc. The modern lifestyle has ushered problems such as sleep disturbances, stress etc. which has inflated the market. Also many essential oils can increase immunity, combat cold and breathing disorders.

The market restraints include increasing stringency of regulations such as indications which a market player has to provide. For example, market players need to mention whether the particular essential oil falls under therapeutic grade or cosmetic grade.

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Lack of proper guidelines and toxic nature of essential oils is another barrier. For example, Cineole essential oil is poisonous above the recommended dose and an overdose may cause symptoms such as epigastric burning, nausea, vomiting, dizziness, muscular weakness, rapid heartbeat, feeling of suffocation etc. Also there is no good medical evidence that aromatherapy prevents or cures disease.

Considering all these factors aromatherapy market is expected to reach USD 4.3 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 6.18 % during 2017-2023.

Study objectives:

• To provide detail analysis of the market structure along with estimated future growth forecast for the next 6 years about various segments and sub-segments of the global aromatherapy market.
• To provide insights about factors affecting the market growth.
• To analyze the global aromatherapy market based on various factors - price analysis, supply chain analysis, Porters Five Force Analysis etc.
• To provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries - Americas, Europe, Asia-Pacific along with Middle East & Africa.
• To provide country level analysis of the market with respect to the current market size and future growth prospect.
• To provide country level analysis of the market’s segments which includes by product, by equipment, by application and by therapeutic application.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive landscape of the market.
• To track and analyze developments which are competitive in nature such as joint ventures, strategic alliances, mergers and acquisitions, new disease developments along with research and developments currently taking place in the global aromatherapy market.

Key players of Global Aromatherapy Market:

Key players profiled in the report are Nu Skin, Air Aroma, Muji, Tree of Life, Young Living, Zija International, dōTERRA, NOW Foods, Neal’s Yard Remedies and others.

Segments:

The global aromatherapy market is segmented on the basis of product. Based on the product, the market has been segmented as essential oils, equipment, application and by therapeutic application. The essential oils segment is sub segmented into floral, citrus, green/vegetative, herbaceous/camphoraceous, spicy and others. The equipment segment is sub segmented into nebulizer diffuser, ultrasonic diffuser and heat diffuser. The application segment is sub segmented into tropical, inhalation and aerial diffusion. The therapeutic application segment is sub segmented into relaxation and sleep, pain management, skin and hair care, and other remedies.

US accounts for the maximum market share due to high per capita disposable income and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and presence of large hospitals. The European market will be led by France followed by Germany. Asia pacific region will be the fastest region because of large unmet needs which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.

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