Tag: Billion

Complementary and Alternative Medicine Market to Reach $437.9 Billion, Globally, by 2031 at 15.6% CAGR: Allied Market Research

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Rise in prevalence of various chronic diseases such as cancer and cardiovascular diseases drives the growth of the global complementary and alternative medicine market.

PORTLAND, Ore., Aug. 26, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Complementary and Alternative Medicine Market by Type (Medicines, Therapy), by Disease Indication (Diabetes, Cardiovascular, Neurology, Cancer, Arthritis, Others), by Distribution Channels (Direct Sales, Online Sales, Distance Correspondence): Global Opportunity Analysis and Industry Forecast, 2021–2031.” According to the report, the global complementary and alternative medicine industry generated $102.0 billion in 2021, and is estimated to reach $437.9 billion by 2031, witnessing a CAGR of 15.6% from 2022 to 2031.

Drivers, Restraints, and Opportunities

Rise in prevalence of various chronic diseases such as cancer and cardiovascular diseases and surge in popularity of complementary and alternative medicines & therapies along with rise in costs of traditional medicines and their side effects drive the growth of the global complementary and alternative medicine market. However, side effects associated with self-medication restrain the market growth. On the other hand, rise in adoption of strategies such as collaborations, mergers, and acquisitions by leading players create new opportunities in the coming years.

Download Sample Report- https://www.alliedmarketresearch.com/request-sample/11547

Impact of Covid-19 on Complementary and Alternative Medicine Market Scenario-

  • Owing to the surge in COVID-19 infection worldwide and lack of availability of therapeutics for treatment against COVID-19, people turned toward complementary and alternative medicines as preventive measures and treatments.
  • According to the research published by Mahlagha Dehghan et. al. in January 2022, nearly 84% of the participants of the survey reported usage of one of the complementary and alternative medicines (CAMs) during the COVID-19 pandemic in Iran.
  • Adoption of yoga and meditation experienced a sharp rise during the pandemic due to closure of fitness centers, gyms, swimming pools, and sports stadiums with lockdown restrictions in place. So, people began therapies and exercising at home. This, in turn, led to the growth of the global complementary and alternative medicine market.
  • Surge in online classes and sessions that offer beginner and advanced courses related to alternative therapies such as yoga, aerobics, and meditation impacted the market positively during the pandemic.

Get detailed COVID-19 impact analysis on the Complementary and Alternative Medicine Market- https://www.alliedmarketresearch.com/request-for-customization/11547?reqfor=covid

The medicines segment to maintain its leadership status during the forecast period

Based on type, the medicines segment accounted for the highest market share in 2021, contributing to nearly two-thirds of the global complementary and alternative medicine market, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is estimated to witness the highest CAGR of 15.9% from 2022 to 2031. This is due to surge in prevalence of chronic and autoimmune disorders and increase in the adoption of natural remedies such as Ayurvedic medicines and herbal supplements. The report also analyzes the therapy segment.

The diabetes segment to maintain its dominant share during the forecast period

Based on disease indication, the diabetes segment contributed to the largest market share in 2021, accounting

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U.S. Dental Services Market 2022: Forecast & Market Share Analysis Examines the $50 Billion Market

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DUBLIN, May 09, 2022–(BUSINESS WIRE)–The “Dental Services Market Research Report by Services Type (Cosmetic Dentistry, Dental Implants, and Dentures), End User, State – United States Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The United States Dental Services Market size was estimated at USD 47.16 billion in 2021, USD 50.42 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.32% to reach USD 72.09 billion by 2027.

Market Statistics:

The report provides market sizing and forecast across five major currencies – USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Dental Services to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Services Type, the market was studied across Cosmetic Dentistry, Dental Implants, Dentures, Laser Dentistry, Oral & Maxillofacial Surgery, Orthodontics, Periodontics, Root Canal or Endodontics, and Smile Makeover.

  • Based on End User, the market was studied across Dental Clinics and Hospitals.

  • Based on State, the market was studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Dental Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market

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Governor Hochul Announces Immediate Payments to Healthcare Personnel as Aspect of $10 Billion Healthcare System

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Governor Kathy Hochul nowadays declared a $10 billion multi-year investment in healthcare, the biggest in State history, to rebuild and improve the healthcare workforce and fortify the health care system as element of the 2022 Point out of the Point out. The approach will commit $10 billion in New York State’s healthcare sector, such as more than $4 billion to help wages and bonuses for healthcare workers, and will invest in the healthcare workforce progress pipeline to satisfy the present and escalating demand for clinical industry experts.  

“From the really commencing of the pandemic, New York’s healthcare personnel have been on the entrance lines,” Governor Hochul mentioned. “We ought to quit the existing hemorrhaging of health care workers, and we require to not just say we owe them a credit card debt of gratitude, but actually pay back them the financial debt we owe. The well being of every New Yorker is dependent on a potent, secure, and equitable healthcare process, and health care personnel are its extremely foundation. With the major at any time expense in healthcare, we will keep, rebuild, and mature our health care workforce and guarantee we deliver the optimum quality healthcare for New Yorkers.”  

The pandemic has dramatically exacerbated health care workforce problems, impacting the working experience of our essential staff as effectively as entry to large top quality treatment for New Yorkers. As of June 2021, New York’s healthcare workforce was continue to 3 p.c underneath pre-pandemic levels, and 11 percent down below the place it would need to have to be by the conclusion of 2022 to keep up with pre-pandemic projected desire.

Make a $10 Billion Investment decision in Our Healthcare Sector and Assist Wages for Personnel

New York’s vital well being and human expert services employees have witnessed us as a result of a once-in-a-century community health and fitness disaster and turned our point out into a design for battling — and beating — COVID-19. But a lot of of these personnel are still earning a wage considerably beneath what they need to sustain a house and a reasonable quality of existence.

To increase New York’s health care workforce by 20 % in excess of the subsequent 5 a long time, Governor Hochul will make a $10 billion, multi-calendar year financial commitment in health care, which include much more than $4 billion to aid wages and bonuses for health care staff.

Crucial components of this multi-year investment involve:

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  • $2 billion to guidance healthcare wages

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  • $2 billion to help health care and mental hygiene employee retention bonuses, with up to $3,000 bonuses heading to total-time staff who keep on being in their positions for one 12 months, and professional-rated bonuses for all those doing the job fewer several hours

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  • $500 million for Value of Residing Changes (COLAs) to assist raise wages for human products and services employees

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  • $2 billion for healthcare money infrastructure and improved lab potential

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  • Other investments in workforce and healthcare access and supply

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Fitness Equipment Market Size to grow by USD 7.71 billion| Increased Demand for Home Fitness Equipment to Boost Market Growth | 17,000+ Technavio Research Reports |

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NEW YORK, Dec. 28, 2021 /PRNewswire/ — The “Fitness Equipment Market by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the fitness equipment market between 2020 and 2025 is USD 7.71 billion, as per the latest market analysis report from Technavio. The report also identifies the report to witness a decelerating CAGR of 18.52% during the forecast period. Factors influencing the market positively and adversely are also discussed comprehensively in the report.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The increased demand for home fitness equipment and technological advancements in fitness equipment are some of the key market drivers. Consumers are learning to use advanced home fitness equipment via online videos and apps without the need to engage trainers, thus saving on costs. Furthermore, hectic work schedules and an increase in health issues have compelled people to undertake some form of exercise daily to remain healthy and prevent health-related issues, thus increasing the demand for fitness equipment.

However, factors such as high cost of fitness equipment and the availability of counterfeit products will challenge market growth. Consumers find joining health clubs more economical than buying home fitness equipment. Also, some people living in developing countries are more skeptical about spending on health clubs and gym memberships. Furthermore, the presence of several local brands offering counterfeit products in the global fitness equipment market is leading to market fragmentation, thus resulting in issues such as the lack of price standardization, an uneven competitive scenario, and market share erosion. 

To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report!

The fitness equipment market report is segmented by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America). The fitness equipment market share growth by the cardiovascular training equipment segment will be significant during the forecast period. The cardiovascular training equipment segment includes treadmills, cross-trainers, stationary bikes, and ski machines. Increasing health awareness among consumers is driving the segment’s growth.

North America will be the leading region with 38% of the market’s growth during the forecast period. The US is a key market for fitness equipment in North America. Market growth in this region will be faster than the growth of the market in Europe. The increased prevalence of age-related health conditions will facilitate the fitness equipment market growth in North America over the forecast period. 

View our sample report for additional

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A lot more than 50 % a billion pushed into excessive poverty due to wellbeing expenses |

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The results released on Worldwide Common Wellness Coverage Working day, highlighting the devastating impression of COVID-19 on people’s capacity to obtain healthcare and shell out for it.

In his information marking the Working day, UN Secretary-General António Guterres said that with the 3rd calendar year of the pandemic speedy approaching, “we should urgently fortify our health and fitness methods to ensure they are equitable, resilient and capable of conference everyone’s demands, like for their mental wellness.”

Shockwaves

He added that “the shockwaves of this overall health emergency are hitting hardest all those nations that lack health techniques able of providing high quality, inexpensive care for all.”

If the entire world is to access the purpose of accomplishing universal health coverage by 2030, there needs to be greater motivation from governments to investing in and scaling up tested alternatives.

“This implies producing extra and smarter investments in the foundations of health and fitness techniques, with an emphasis on most important wellbeing care, essential services and marginalized populations”, reported Mr Guterres.

The most effective insurance plan for resilient economies and communities, is strengthening health systems before crises arise. “The unequal distribution of COVID-19 vaccines in the previous yr has been a world wide moral failure. We will have to master from this experience. The pandemic will not conclusion for any country right until it finishes for each individual country”, stated the UN chief.

Stresses and strains

In 2020, the pandemic disrupted health and fitness companies and stretched countries’ health techniques further than their limitations. As a result, for instance, immunization coverage dropped for the initial time in ten decades, and fatalities from TB and malaria greater, reported the information release from WHO and the Earth Bank. 

The pandemic also brought on the worst economic crisis given that the 1930s, making it significantly challenging for people to fork out for lifesaving healthcare.

“Even just before the pandemic, half a billion individuals had been being pushed (or pushed nevertheless even further) into severe poverty mainly because of payments they made for health care. The companies anticipate that that amount is now considerably larger.

“There is no time to spare,” mentioned WHO chief Tedros Adhanom Ghebreyesus. “All governments should promptly resume and accelerate attempts to ensure every single a person of their citizens can access overall health expert services devoid of dread of the financial implications.

“This signifies strengthening public shelling out on wellbeing and social support, and growing their aim on key wellbeing care systems that can offer important care near to residence.”

Faltering development

“Prior to the pandemic, numerous international locations experienced created development. But it was not strong ample. This

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The Switzerland Health care and Health care Tourism Marketplace Dimension is Predicted to Reach USD 90.3 Billion Increasing at a CAGR of 6.7% from 2021 to 2028 – ResearchAndMarkets.com

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DUBLIN–(Business enterprise WIRE)–The “Switzerland Healthcare & Professional medical Tourism Sector Sizing, Share & Developments Evaluation Report By Conclusion Use (Personal Treatment, Community Care), By Provider (Radiology, Aesthetic Medication), And Segment Forecasts, 2021 – 2028” report has been extra to ResearchAndMarkets.com’s presenting.

The Switzerland healthcare and health care tourism market size is predicted to get to USD 90.3 billion by 2028 growing at a CAGR of 6.7% from 2021 to 2028.

The higher excellent of care, the expansion of the support portfolio by treatment suppliers, and initiatives to promote medical tourism are envisioned to raise the marketplace development throughout the forecast time period.

As healthcare tourism is a crucial contributor to industry advancement, the federal government is using attempts to improve the high quality of treatment. The full variety of travelers touring to Switzerland for clinical remedy is swiftly rising. Even nevertheless the cost of health care treatment is high as opposed to other European international locations, Switzerland has often been a well-known destination for healthcare tourism.

This can be attributed to the perfectly-proven health care infrastructure with the presence of trained health care pros, substantial high-quality and individual privateness benchmarks, and attractive locations.

The COVID-19 pandemic has negatively impacted the health-related tourism sector. Thanks to vacation limitations and anxiety of contracting the infected, many individuals postponed their options and/or experienced to look for procedure in their individual international locations. A lot of wellness resorts and hospitals witnessed a decline in overnight stays thanks to the pandemic.

Partnerships and collaborations to offer care help assistance companies to contend with other players to a solid foothold in the market place.

Switzerland Healthcare & Healthcare Tourism Industry Report Highlights

  • Switzerland is rising as a increasing star in clinical tourism. It is amongst the main European nations in phrases of the variety of worldwide people. The health care vendors are focusing on providing a wholesome healthcare tourism practical experience combining health-related therapy with lavish purely natural retreats, mountain resorts, and spa traditions
  • By close-use, public treatment led the current market in 2020. Private treatment is envisioned to grow at the quickest price in the course of the forecast period. When as opposed to general public hospitals, private hospitals in Switzerland provide inpatient clinic remedies at a considerably decrease tariff, hence growing the inclination towards private hospitals amid the value of clinical care in the nation
  • Based mostly on provider, the aesthetic drugs segment is envisioned to show the fastest advancement price through the forecast time period because of to the availability of products and solutions and expanding consciousness regarding cosmetic treatment plans
  • The field is witnessing item launches and initiatives for small business growth. For occasion, in September 2018, SIS Medical launched three balloon catheters viz. NIC Nano hydro, NIC 1.1 hydro, and EasyT, which are made use of to dilate closed and narrow vessels all through interventional cardiology. The endeavours for product or service innovation will help fulfill the demand for cardiovascular treatment method and boost the high quality of treatment
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