Menopause Treatment Market Is Seeing Explosive Growth by Future Industry Winners: Forecast, 2020-2027

 Global Menopause Treatment Market is expected to have a market value of USD 15,456.3 Million by 2027. Menopause causes uncomfortable symptoms, such as hot flashes, vaginal dryness, and weight gain and menopause treatments such as hormonal and non-hormonal treatments help to relieve these symptoms. Over the years, major market players in the menopause treatment are focusing on various growth strategies such as product launches, product advancements and expansions to cater to the growing needs for patients seeking treatment for menopause symptoms. For instance, in April 2019, Otsuka Pharmaceutical launched EQUELLE, a non-prescription, non-hormonal supplement to alleviate the frequency of hot flashes and muscle aches associated with menopause in the US. Such strategies push the demand for branded as well as generic menopausal drugs, thus promising huge growth for the industry.

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Segment Analysis

The global menopause treatment market is segmented based on treatment and distribution channel.

The global menopause treatment market based on the treatment has been segmented into hormonal treatment and non-hormonal treatment. The hormonal treatment segment is further segmented into estrogen, progesterone, and combination. The non-hormonal treatment is further segmented into anti-depressants and others.

Based on distribution channel, the menopause treatment market is segmented into hospital pharmacies, retail pharmacies, and online stores.

Regional Analysis

The global menopause treatment market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa.

The Americas has been segmented into North America and Latin America, with the North America market further divided into the US and Canada. The Americas led the market and accounted for the largest share in 2019 owing to the increasing product approvals and high uptake of new technology.  For instance, in July 2017, AMAG Pharmaceuticals, Inc. (US) launched Intrarosa (prasterone) for the treatment of moderate to severe dyspareunia a symptom of vulvar and vaginal atrophy (VVA), due to menopause. Thus, such strategies employed by major players aid in the increased growth rate for the Americas menopause treatment industry.

The European menopause treatment market has been further segmented into Western Europe and Eastern Europe. The Western Europe menopause treatment market has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Europe follows the Americas in the global menopause treatment market. The increasing inclination of companies towards female technology (femtech) is boosting the growth of the menopause treatment market in European countries. Many digital health start-ups have identified this opportunity and are offering B2C digital health tools, such as mobile apps, to guide menopausal women through this phase with lifestyle intervention tips and online telehealth consultations. As a result, the region is expected to show significant growth in the menopause treatment market.

The menopause treatment market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. Asia-Pacific is expected to register the highest growth rate over the forecast period from 2020 to 2027. This is owing to the growing penetration of the women’s health sector, increasing awareness about the betterment of the women’s health, and the growing number of educational campaigns related to the benefits of hormone replacement therapy in China, Japan, India, and Australia.

The Middle East & Africa menopause treatment market is segmented Saudi Arabia, the United Arab Emirates (UAE), Oman, Kuwait, Qatar, and the rest of the Middle East & Africa. The negative connotation of menopause has resulted in a negative attitude towards menopause in premenopausal women. However, with the increasing awareness created by private companies, the scenario is expected to change in the next ten years.

Key Players

MRFR recognizes the following companies as the Key Players in the Global Menopause Treatment Market— Novo Nordisk A/S (Denmark), Pfizer Inc. (US), Allergan (Ireland), Eli Lily and Company (US), Emcure Pharmaceuticals Ltd (India), Novartis AG (Switzerland), Cipla Inc. (India), Teva Pharmaceuticals (Israel), Merck & Co., Inc. (US), Abbott Laboratories (US).

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Research report explores the Digital Healthcare Market for the forecast period, 2020-2027

 Digital Healthcare Market size is expected to register a CAGR of 26.30% to reach USD 3,28,887.8 million by 2025. Digital Healthcare operates based on healthcare big data, electronic health record (EHR) and electronic medical record (EMR), and others. Digital healthcare facilitates the smooth functioning of healthcare-related processes.

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Market Dynamics

The high adoption rate of EHRS and EMRS. In recent years, the application of IT in the medical sector has resulted in a parallel adoption of EHR and EMR. EHRs and EMRs improve the quality of care in medical services. The terms EHR and EMR can be interchangeably used but are exclusive in format. According to the Office of the National Coordinator for Health Information Technology (ONC), EMRs are digital versions of paper charts in a clinician’s office. They typically contain the medical and treatment history of the patients. On the other hand, EHRs are primarily designed to collect and compile information. EHRs can be used to share information between healthcare providers, laboratories, specialists, etc.

Segmentation

The Global Digital Healthcare Market has been segmented by Technology, Application, Delivery Mode, Components and End User.

The market, based on technology, has been bifurcated into digital health systems, telehealthcare, mhealth, and healthcare analytics. The digital health systems are further sub-segmented into EHR/EMR and e-prescribing systems. Telehealthcare is further segmented into activity monitoring, remote medication management, LTC monitoring, video consultation. mHealth is further segmented into wearables and mHealth apps. Wearables are furthermore segmented into glucose meters, neurological monitors, sleep apnea monitors, pulse oximeters, BP monitors, and others. mHealth apps are more segmented into fitness apps and medical apps.

Based on application, the digital healthcare market has been segregated into cardiology, diabetes, neurology, sleep apnea, oncology, and others.

Based on delivery mode, the digital healthcare market has been segregated into on-premise and cloud-based.

Based on components, the digital healthcare market has been segregated into software, services, and hardware.

The Global Digital Healthcare Market, based on end user, has been segmented into healthcare providers, healthcare payers, pharmaceutical companies, and others.

Regional Analysis

The Global Digital Healthcare Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is likely to dominate the global digital healthcare market. The growth in this region can be attributed to increasing healthcare spending and healthcare information technology (IT) adoption. According to the Centers for Medicare and Medicaid Services, in 2017, the healthcare sector in the US has grown by approximately 3.9%, reaching USD 10,739 per person.

The European market for digital healthcare is expected to be the second largest during the review period. The rising pressure to reduce healthcare costs, technological advancements, and improved healthcare solutions and services in the region is expected to have a positive impact on the digital healthcare market in Europe.

Asia-Pacific is estimated to be the fastest-growing market owing to the emerging healthcare infrastructure, and an increasing number of healthcare IT companies. Moreover, the rise in research & development centers and the presence of top companies in developing countries boost the growth of the market in this region.

The market in the Middle East & Africa is expected to grow at a steady rate. The increasing government support toward the healthcare IT industry in the Middle East and rapid technological advancements drives the market growth across the region.

Key Players

The Prominent Players in the Global Digital Healthcare Market are Allscripts Healthcare, LLC (US), BioTelemetry, Inc. (US), Cerner Corporation (US), Cisco Systems, Inc (US), Koninklijke Philips NV (The Netherlands), McKesson Corporation (US), General Electric Company (US), AT&T Inc.(US), Athenahealth Inc. (US), EClinicalWorks (US), iHealth Lab Inc. (US), Qualcomm Technologies, Inc.(US).

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Global Clinical Laboratory Test Market size and forecast, 2020-2027

 The Global Clinical Laboratory Test Market analysis is expected to register 6.5% CAGR to reach USD 324508.8 Million by 2022.

Clinical laboratory testing has emerged as a rapidly growing segment in healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood tests to anatomical, pathological testing, molecular, immunological, drug testing, and other tests for disease diagnosis and treatment.

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CBC and other routine blood tests are the most common type of tests that are used for screening certain disorders leading to an increase or decrease of cell counts. These tests help to diagnose a broad range of conditions from anemia and infections to cancer. Increasing prevalence of diseases and growing awareness and concerns regarding health issues all around the globe are the primary reasons for the growth of these routine check-ups and overall clinical laboratory testing market. On the other hand, the major factor restricting the growth of market is the strict government rules and regulations regarding laboratory testing. The global market has significant growth opportunities due to the various untapped therapeutic testing markets.

Market Dynamics

The global clinical laboratories market is segmented by routine medical testing includes full-body testing includes eye check-up, blood test, diabetes testing, and others; anatomical pathology testing includes histological analysis and urinalysis; esoteric medical testing includes tests for infrequent diseases; diagnostic imaging testing includes radiation procedures such as X-ray, CT, MRI, and ultrasound used for diagnosing the patient’s condition through imaging of internal organs.

Currently, around 617 million people, which is approximately 8.5% of people worldwide are aged 65 and over. According to the report “An Aging World: 2015,”, this percentage is expected to jump to nearly 17% by 2050 (1.6 billion). This is the primary reason for the swift growth of clinical laboratories. Besides these, other factors responsible for driving the clinical laboratory market are physician contribution to improve laboratory testing by counseling the patient for a screening of uncertain diseases or symptoms.

Segmentation

The global clinical laboratory tests market is segmented into types of laboratories, types of test, and region. Based on types of laboratories, the global clinical laboratory tests market is segmented into hospital-based laboratories, central/independent laboratories, physician office-based laboratories, and others. Based on types of test, the global market is segmented into complete blood count (CBC), basic metabolic panel (BMP), HbA1c tests, HGB/HCT tests, comprehensive metabolic panel tests, BUN creatinine tests, renal panel tests, electrolytes testing, liver panel tests, and lipid panel tests. Based on application, the global market is segmented into parasitology, virology, hematology, toxicology, immunology/serology, histopathology, and urinalysis. Based on end user, the global market is segmented into hospital-based laboratories, stand-alone laboratories, and clinics-based laboratories.

Regional Analysis

The clinical laboratory market is witnessing significant growth in developing and developed countries such as the UK, the US, China, India, and Spain.

The global clinical laboratory test market, based on region, is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. There is a widespread presence of diseases related to hypertension, cardiovascular diseases, cancer, stroke, and other fatal diseases, due to which the expenditure on healthcare and R&D is the highest in North America, followed by Europe. The use of clinical laboratories by research institutes, hospitals, and clinics have increased the demand for clinical laboratories across the world. Asia-Pacific is the fastest-growing market in clinical laboratory tests due to the large geriatric population in China and Japan.

Key Players

The prominent players in the global clinical laboratory test market are AURORA Diagnostics, Laboratory Corporation of America, LifeLabs Medical Laboratories, Quest Diagnostics, and Sonic Healthcare.

The players operating in the global clinical laboratory test market are focusing on product launches and expanding their global footprints by entering untapped markets.  

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Soaring Demand Drives Global Vitamin K2 Market Growth During the Forecast Period, 2020-2027

  The global vitamin K2 market size is estimated to touch a valuation of USD 228.27 million by 2023, as per the latest findings of Market Research Future (MRFR). It is predicted to register 31.08%% CAGR over the forecast period (2018-2025). It was previously valued at USD 45 million in 2017. It is primarily driven by the rise in vitamin deficiency cases. An increase in health consciousness coupled with the inclination of consumers towards nutritional supplements can drive the vitamin K2 market growth.

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Rising cases of osteoporosis which can accelerate the aging of tissues is another factor that can positively impact the market. But strict regulations by government federal agencies for approval of supplements can act as a growth deterrent.

Competitive Landscape

Key players in the global vitamin K2 market report include Kappa Bioscience (Norway), NattoPharma (Norway), Gnosis SpA (Italy), Viridis BioPharma (India), Seebio Biotech (China), DSM (The Netherlands), Danisco A/S (U.S.), Geneferm Biotechnology Co. Ltd. (Taiwan), Frutarom (Israel), and Kyowa Hakko Bio Co. Ltd. (Japan).

Segmentation Overview

The global vitamin K2 market is segmented on the basis of product type, source, form, and application.
By product type, the market is segmented into MK-4, MK-7, and others. ‘Others’ include MK-5, MK-8, MK-9, and MK-10. Two major sources discussed include natural and synthetic.
By form, the market is bifurcated into oil and powder. Major applications include nutraceutical & food and pharmaceutical.
For the scope of the report, the global vitamin K2 market is segmented in the following manner

Product Type

• MK-7
• MK-4
• Others

Source

• Natural
• Synthetic

Form

• Oil
• Powder
• Others

Application

• Nutraceutical & Food
• Pharmaceutical

Regional Overview

Based on regions, the global vitamin K2 market is segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas held a major market share in 2017 owing to rocketing healthcare costs, focus on health and wellness by consumers, and adoption of herbal medicines. On the other hand, the European region can register a stupendous growth rate thanks to demand for vitamin supplements in Germany, France, and the U.K

Research Methodology

At Market Research Future, we consider the proper blend of accurate, reliable, and relevant data as of prime importance. Our data analysts are adept in exactly interpreting data and gaining appropriate information. The primary research includes a head-to-head interview with eminent market insiders who have a pulse on market trends. The secondary method amplifies pertinent factors of the market that can positively influence the market during the forecast period. Other credible sources such as annual reports, publications by relevant associations, and SEC filings do play an integral part in the planning of the report. To maintain an objective analysis, we have included several proprietary standards for the estimation and validation of market data. Top-down and bottom-up approaches are a part of this analysis for a holistic understanding of the market, and the endeavor is to provide our clients with an edge that would help them gain insights.

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Global Genetic Testing Market size and forecast, 2020-2027

 According to the analysis conducted by Market Research Future (MRFR), the Genetic Testing Market is projected to thrive at a CAGR of 10.30% and is expected to acquire a market value of USD 30.10 Billion by 2027.

Genetic testing is used in prenatal screening, diagnostics, and as a predictive tool. The genetic testing market is predicted to propel due to the on-going development in the field to produce useful testing kits. Overall, the genetic testing market is likely to experience significant expansion due to its growing requirement, rising acquisitions, and partnerships among key players.

The outbreak of COVID-19 has severely impacted the genetic testing market. The worldwide lockdown to follow social distancing resulted in various challenges in the genetic testing market. COVID-19 resulted in the shutdown of testing labs and clinics, which has restricted face-to-face genetic counseling that is likely to impact the market negatively.

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Market Segmentation

The Global Market has been segmented into method, applications, and type. Based on the segment which is method, the market is categorized on the basis of biochemical genetic tests, chromosomal genetic tests, and molecular genetic tests/DNA tests. The global market for genetic testing is further segmented based on applications into reproductive health (carrier screening, newborn screening, and prenatal screening), cancer screening (breast cancer, colon cancer, hereditary cancer, and ovarian cancer), ancestry, pre-symptomatic testing, predictive, and others. Furthermore, the market, on the basis of type is segmented into prescribed genetic testing and direct-to-consumer genetic testing.

The global Market research report covers all the aspects of the Global Market based on the segmental analysis of these method, applications, and type segments. Analysts have also studied the global genetic testing market's regional markets spread across many continents and countries. The method, applications, and type segments along with their sub-segments have been analyzed and companies functioning in the Global Market across these segments are profiled and analyzed based on input and feedback from Global Market based decision makers as well as primary and secondary sources. The Global Market research report presents analysis based information for companies functioning in the genetic testing market.

Regional Overview

The lack of solutions for all the diseases diagnosed may hinder the Global Market growth. The market research report suggests that companies in the Global Market could be supported by the increasing need to find a cure to cancer as well as demand for effective testing during the forecast period. The Global Market is set to register growth at a high CAGR owing to these key factors. The Genetic Testing Market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global Genetic Testing Market research report reveals that APAC, North America, and Europe regional genetic testing markets will dominate the global market for genetic testing during the forecast period 2019 to 2024. As per Global Market analysts, the market is set to witness tremendous growth across molecular genetic test/DNA test and reproductive health segments in North America which covers Global markets across the United States, Canada, Mexico and several other regional markets. Companies active in the Global Market are also analyzed and studied in the Global Market research report.

The Global Market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the Global Market research report covers the Asia-Pacific region covering genetic testing markets from India, China, Japan, Australia, and others. The Global Market is also spread across the rest of the world. The Global Market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Genetic testing has seen increased demand over the years, due to the rapid expansion of the biotechnology and integration of AI in testing procedures. Companies functioning in the global Global Market are also being challenged due to the lack of funded research in prognosis and shortage of skilled professionals. Mergers and acquisitions by Global Market companies are anticipated to help the market during the forecast period 2020 to 2027. the report highlights key areas companies need to focus on. The report suggests that the Global Market will see a healthy growth in the long run till 2027. Based on SWOT analysis and genetic testing market’s analysis based on Porters’ Five Force Model presented in the Global Market report. Mergers and acquisitions by Global Market companies are anticipated to help the market during the forecast period 2020 to 2027. 

Industry News

Invitae announced on Monday that it would pay $50 million for Clear Genetics, a software developer that facilitates the distribution of genetics services at scale. Invitae will pay $25 million in cash and $25 million in shares of Clear Genetics common stock under the terms of the strategic partnership. The purchase price can be changed after closure depending on Clear Genetics' working capital and other considerations, and a part of the purchase price may be kept back to cover indemnification obligations. Clear Genetics shareholders would be able to vote on the company's stock.

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Healthcare Consulting Services Market: Drivers, Restraints, Opportunities, and Threats (2020-2027)

 The Global Healthcare Consulting Services Market is expected to register a CAGR of 10.4% during the forecast period of 2019 to 2024.

Healthcare consultant or healthcare consulting services is referred to a business associated with providing services which are used by healthcare companies, hospitals, clinics, to implement a new strategy for proper management of various activities such as accounting, marketing, finance, insurance in the healthcare industry.

The healthcare consulting services help in the smooth functioning of different activities in less amount of time by increasing the connectivity and simplifying the process in the healthcare sector. 

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There is an increase in demand for healthcare consulting services across the globe due to the increasing globalization, rising demand for healthcare products and the addition of a new feature in the healthcare industry. The increasing competition in the healthcare sector has encouraged major companies to focus on the improvement of their business strategies along with the development of product development, manufacturing, designing, and marketing.

However, factors such as the availability of similar technology and low product differentiation may hamper the market growth.

Segmentation

The Global Healthcare Consulting Services Market is segmented on the basis of type of service, component, application, and end user.

On the basis of the type of service, the global healthcare consulting services market is categorized into IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting.

On the basis of the component, the global healthcare consulting services market is segmented into services, software, and hardware. On the basis of application, the market is segmented into operations management, financial, population health, and clinical. On the basis of operations management, the market is sub segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. Based on population health the market is sub segmented into

population risk management, patient engagement, population therapy management, and others. On the basis of finance, the market is sub segmented into revenue cycle management, fraud detection, and others. Based on clinical the market is sub segmented into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.

On the basis of the end user, the market is segmented into hospitals and clinics, life science companies, and government bodies.

On the bases of region, the market is segmented into Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is expected to hold the largest market share and the Middle East and Africa with the low market share during the forecast period.

Regional Analysis

The Americas dominate the global healthcare consulting services market owing to the increase in healthcare infrastructure, growing awareness about the patient safety methods and increasing competition in healthcare companies opts for healthcare consultants for various solution and strategies which increases the demand for healthcare consulting services within the region.

Europe is second in the global healthcare consulting services market owing to increasing adaption of IT services in healthcare and increasing awareness about the healthcare consulting services is promoting the market across the globe.

The Asia-Pacific region is the fastest growing market owing to the increasing patient population, rising demand for various healthcare facilities for better treatment and increasing healthcare expenditure drives the market with the region. The Middle East & Africa has the least share in the global healthcare consulting services market owing to the presence of poor economies and low per capita income, especially in the African region.

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Hematology Diagnostics Market – Qualitative Insights by 2027

 Hematology is the branch of science that deals with cause, prognosis, treatment, and prevention of blood disorders. The hematology diagnostics market is expected to witness tremendous growth owing to the rising prevalence of blood disorders and technological advancements. The Leukemia & Lymphoma Society (LLS) predicted 174,250 new cases of leukemia, lymphoma or myeloma in 2018 in the U.S. Other key factors like increase in the prevalence of genetic diseases, the rise in hematological testing, growing blood transfusions and donations and increasing adoption of automated hematology analyzers are contributing towards the growth of the market. According to the Centers for Disease Control and Prevention in 2017, approximately 70,000 to 100,000 Americans have sickle cell disease which is genetic blood disorder.

However, factors such as high cost of diagnostics, poor healthcare insurance coverage for diagnostic procedures and lack of awareness are expected to restrict the market growth during the forecast period.

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Segmental Analysis:
The segmental analysis of the hematology diagnostics market is segmented on the basis of tests, product type, and end-user. By product type, the hematology diagnostics market is segmented into flow cytometers, and consumables. The tests segment is additionally segmented into leukemia/lymphoma phenotyping, hemoglobinopathy, anemia, hematology pathophysiology, complete blood count (CBC) and others. Based on end-users, the market is segmented into ambulatory surgical centers, diagnostic laboratories, hospitals and clinics, academic institutes and others.    

Detailed Regional Analysis:
The regional analysis of the hematology diagnostics market states that the North American region dominates the market due to the mounting incidence of blood diseases. The presence of the primary market players within the region is influencing the market growth. Factors such as growing healthcare expenditure, technological improvements within the population are driving the market development in this region. The European region is the subsequent market contender in the global hematology diagnostics market due to the growing hematology research within this region. The growing hematology research and government initiatives within this region are influencing the development of the hematology diagnostic market in this region.

The Asia Pacific region was recognized as the quickest rising region for the hematology diagnostics market globally in 2017. The market is projected to observe considerable development due to the intensifying commonness of blood disorders and genetic diseases. The predisposition of individuals in the region to genetic disorders due to marriages to blood relatives or marrying within the same community, ethnicity, caste, etc. The Middle Eastern and African region controls the smallest stake in the hematology diagnostics market globally owing to the incidence of strict government policies and deprived economies. Though, the market is projected to observe growth owing to increased investments by private market players in the Middle East. Moreover, the increasing incidence of genetic blood disorders and expanding government initiatives to develop the healthcare sector within the region is expected to contribute to the market’s growth.

Competitive Analysis:
The growth of the market is moving in a favorable direction due to new product launches or rising gross revenue of the players in the market. Significant reductions in administrative costs are inducing further expansion of the market. The vertical additions and product tactics of the market are boosting the potential of the market players. The development of a robust value chain is further motivating the development of the market. The strategic goals intended for the market are reinforced due to favorable product differentiation carried out by market competitors.  Increased adaptability of market players to new market trends and customers inclinations are lifting the growth curve of the market and will continue do so in the forecast period. The successful implementation of strategies is expected to motivate the market in the coming years.

The central contenders in the hematology diagnostics market globally are Ortho Clinical Diagnostics (US), Danaher (US), Siemens (Germany), Boule Diagnostics (Sweden), HORIBA (Japan), Abbott Laboratories (US), EKF Diagnostics (UK), Bio-Rad Laboratories (US), BioSystems (Spain), Sysmex (Japan), Diatron (Hungary), Nihon Kohden (Japan), Drew Scientific (US), Mindray (China), and Roche (Switzerland), and other.

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