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Topical Pain Management Therapeutics in Sports Medicine Market Size Will Escalate Rapidly in the Near Future

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The global topical pain management therapeutics in sports medicine market is highly fragmented and competitive, says Transparency Market Research based on a recently published report. This is because of the presence of a large number of entrants who are competing to stay on top. In the near term, the global topical pain management therapeutics in sports medicine market is expected to observe an escalated challenge with the passage of various emerging players. In order to stay ahead in the global topical pain management therapeutics in sports medicine market, some of the key players are seen focusing on collaborations, and strategic mergers and acquisitions. They are also investing a considerable amount of money into R&D for better products. Deploying such approaches, some of the firms holding dominant positions in the area are GlaxoSmithKline plc., Endo Pharmaceuticals Inc., Beiersdorf AG, Johnson & Johnson Services, Topical BioMedics, Inc.

According to a report by TMR, the topical pain management therapeutics in sports medicine market was valued at US$1,400.0 mn in 2016 and is projected to reach US$2.97 bn by the end of 2025. Further, it is envisaged to expand at a steady 8.9% CAGR from 2017 to 2025. Based on the therapeutic class, the global topical pain management therapeutics in sports medicine market is segmented into analgesics, anesthetics and skeletal muscle relaxants. Analgesic segment is expected to hold the highest share of the market in the forthcoming years. This is due to shift of patient’s preference toward topical therapeutic treatment for acute injuries due to the inconvenience associated with oral drugs.

North America and Europe will be leading the topical pain management therapeutics in sports medicinemarket in the upcoming years. This is due to a rise in the number of sports injuries in U.S, approval of novel products from US FDA, increase in sports participation in Europe developed healthcare infrastructure, high prevalence of the diseases in the region etc. Further, the Asia Pacific topical pain management therapeutics in sports medicine market is also emerging. This is due to proactive initiatives by governments encouraging adolescents' participation in sports activities.

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Prevalence of Arthritis Will Propel Topical Pain Management Therapeutics in Sports Medicine Market

Pain is a distressing feeling which is usually caused by intense or damaging stimuli. Pain is most prevalent symptom associated with most of chronic conditions. Pain management involves the employment of medications or analgesics and therapies to treat several pain conditions. Whenever, these medications are applied directly to the skin they are known as topical pain relief. These analgesics include non-steroidal anti-inflammatory drugs, anesthetics, capsaicin, tricyclic antidepressants, ketamine, clonidine, opioids, and cannabinoids. These medications are present as creams, ointments, gels, and transdermal patches. They are mostly available as over-the-counter (OTC) products while some are available through prescription only.

The growth of the global topical pain management therapeutics in sports medicine market is majorly driven by increase in prevalence of arthritis and other bone-related conditions. Another factor boosting the topical pain management therapeutics in sports medicine market includes rise in adoption of sports medicine products. As they cause lesser side effects compared to oral pain relief, upsurge in geriatric population across the world, and increase in demand for topical pain relief by sports players.

Irritated Skin and Unpleasant Smell of Medication Hinders the Market

Topical pain relief medications can cause irritated skin and they have a strong odor or unpleasant smell hamper the topical pain management therapeutics in sports medicinemarket growth. Conversely, the development of online platforms for topical therapeutics and a high potential in untapped markets in the emerging economies are expected to provide lucrative growth opportunities for the topical pain management therapeutics in sports medicine market.

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Urine drainage bags are used for urine collection. This bag is attached to sheath or catheter (tube) that is inside the bladder of an individual. Urinary drainage bags are used by patients suffering from urinary retention, urine incontinence, urological, or gynecological surgeries in which a patient is unable to move from one place to another and has difficulties in urinations, or other health related issues.

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A urinary catheter is placed inside the bladder through the urethra. It is held in the bladder by a small, water-filled balloon. The catheter is connected to a bag to collect urine that drains through the catheter. It is either small size leg bags or large size night bags. These are widely used across hospitals, clinics, and surgical centers. Urinary drainage bags can be disposable or reusable. Demand for disposable bags is high owing to risk of infection associated with reusable urinary drainage bags.

The global urinary drainage bags market is driven by increase in number of urological and gynecological surgeries. Rise in prevalence of urinary bladder cancers is likely to fuel demand for urinary drainage bags. Increase in geriatric population suffering from chronic diseases such as Alzheimer’s disease, paralysis, and end-stage renal diseases drive the global urinary drainage bags market.

Rise in incidence of urge incontinence and urinary incontinence is likely to propel the market. However, increase in risk of urinary tract infections and skin irritation associated with the use of drainage bags is a major factor restraining the global urinary drainage bags market. High demand and rise in preference for disposable urine drainage bags over reusable urinary drainage bags is because these eliminate the risk of urinary tract infections. Moreover, technological innovations in urological catheter present significant opportunities in the market.

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The global urinary drainage bags market can be segmented based on product type, capacity, end-user, and region. In terms of product type, the market can be categorized into legs bags and large capacity night bags. Leg bags are small and designed to be worn under the clothes or around the waist. Large capacity night bags are used for overnight drainage or for patients who are permanently on bed due to some health issues. Based on capacity, the global urinary drainage bags market can be divided into 500 ml, 1,000 ml, 2,000 ml, and 4000 ml. In terms of end-user, the market can be classified into hospitals, clinics, ambulatory surgical centers, and home care. Rise in number of surgical procedures in hospitals is likely to propel the hospitals segment during the forecast period.

Geographically, the global urinary drainage bags market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest share of the global market. Increase in number of urological surgeries, rise in prevalence of bladder cancers, high health care expenditure, and favorable reimbursement scenario for surgeries are factors attributed to the growth of the urinary drainage bags market in North America. Asia Pacific represents the fastest-growing market for urinary drainage bags due to rise in urological disorders, high prevalence of urine incontinence, and large population with high disposable income in the emerging markets in the region.

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Key players operating in the global urinary drainage bags market include Amsino International, Inc., Coloplast, Cook Medical (Cook Group Incorporated), C. R. Bard, Inc., Medline Industries, Inc., Moore Medical LLC (McKesson Medical-Surgical, Inc.), Pacific Hospital Supply Co. Ltd., Covidien (Medtronic), Flexicare Medical Limited, and Plasti-med.

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The global diagnostic imaging market is expected to grow at a robust 6.0% CAGR during 2018-2026. Due to rise in chronic illnesses, the market is expected to reach $47 bn in the near future. Moreover, the growth is also expected to receive a boost from expanding health coverage across the world. The growth of privatized insurance in Asia Pacific, and clouds of expansion of government programs like MediCaid in the US are likely to drive robust growth in the near future.

Rising Elderly Population to Drive Major Opportunities for Growth

The market is also riding on trends like growth in the elderly population. According to Administration for Community Living or ACL, the population of elderly rose by 36% from 50.7 million to 68.7 million Americans between 2006-2016. Today, every one in seven American is an older American. Moreover, nearly 95% of elderly patients in the United States are covered by programs like Medicare. These services include various illnesses including dental services, outpatient drugs, and eyeglass prescription among various others.

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Additionally, according to a research in journal of the American Medical Association, the cost of health care increased by nearly $1 trillion between 1996-2013. One of the key reasons for this growth was the rising elderly population. The rising chronic illnesses, and diseases like diabetes and inventions like portable diagnostic imaging machines will also create significant opportunities for players in the diagnostic imaging market.

Cardiovascular Diseases to Drive Major Growth for the X-ray Segment

According to the American Heart Association, everyone in two adults in United States is suffering from some type of cardiovascular disease. Additionally, the illnesses resulted in most deaths in 2016 as compared to all previous years. Moreover, the rise in United States is significant despite a growing downward trend in deaths across the world. This shows the lack of awareness and more potential opportunities for players in the diagnostic imaging market in the near future. Moreover, worldwide the deaths may have lowered in recent years. However, cardiovascular diseases remain one of the three leading causes of deaths worldwide.

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The disease itself is on the rise globally. Between 1990 and 2013, it resulted in 41% increase in cases resulting in over 17.3 deaths. Moreover, the growth of advancements in imaging technologies like X-ray imaging, MRI imaging, and portable machines to provide access to rural areas will likely result in significant growth for players in the diagnostic imaging market.

The rising cases of cardiovascular diseases and rise in elderly population in major nations like China will also drive more opportunities for players in the near future.

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The global regulatory affairs outsourcing market is fragmented and a very small number of players have been able to acquire dominance in the market. There exists a large number of small and medium-sized companies in the market which is granting high bargaining power to clients and buyers. The competition between market players is extremely high. The players are competing with each other by differentiating their products and providing products in cheaper prices. The acceptance of electronic submissions on account of technological advancements by healthcare authorities and compliance agencies will drive the growth prospects of the global regulatory affairs outsourcing market, states Transparency Market Research (TMR).

According to Transparency Market Research, the global regulatory affairs outsourcing market will be worth US$5,746.2 million by 2023, with the demand expanding at a notable CAGR of 10.1% during the forecast period of 2017 to 2023. On the basis of type of regulatory affairs services, it is expected that clinical trial applications and product registration segment will be gaining immense traction on account of patent expires, and need for developing new products due to the growing prevalence of chronic, bacterial, and viral diseases. As a number of products in clinical trials is increasing, the demand for product registration services and clinical trial application services is increasing.

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Emerging Nations Holding Immense Growth Opportunities

On the basis of geography it is expected that the emerging nations in Latin America and Asia Pacific will turn out to be extremely promising markets for regulatory affairs outsourcing. product development, rise in the commercialization units, increasing number of researches and availability of cheap resources and raw materials will drive the growth of this market in emerging economies. Also, the vast pool of patient population in Asia Pacific will create a favorable environment for growth. Many new entrants are using emerging nations for launching themselves in order to later on venture into the bigger markets of North America and Europe.

Realization that Outsourcing is Cost Effective and Resource Effective Favoring Demand

According to the lead author of the support, the rising pace with which innovations are taking place in the medical sector, growing investments in research and development activities, and increasing competition between the players are helping the regulatory affairs outsourcing market to grow. Companies within the market are finding ways of reducing cost in order to attract more customers. The market is also growing due to the rising awareness and realization that outsourcing is cost-effective and resource effective way for the managing of data generated during approvals, clinical trials, and patent approvals.

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Presence of Strict Regulatory Framework Governing Aspects of Marketing and Development of Drugs to Boost Growth of Market

Also, in many countries there is a presence of strict regulatory framework which governs each aspect of development and marketing of clinical drugs and medical devices, which makes it necessary that the regulatory documents be as per the define guidelines. This is driving the preference for professional service providers who all free services such as efficient handling of data relating to regulatory affairs.

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The global regulatory affairs outsourcing market is fragmented and a very small number of players have been able to acquire dominance in the market. There exists a large number of small and medium-sized companies in the market which is granting high bargaining power to clients and buyers. The competition between market players is extremely high. The players are competing with each other by differentiating their products and providing products in cheaper prices. The acceptance of electronic submissions on account of technological advancements by healthcare authorities and compliance agencies will drive the growth prospects of the global regulatory affairs outsourcing market, states Transparency Market Research (TMR).

According to Transparency Market Research, the global regulatory affairs outsourcing market will be worth US$5,746.2 million by 2023, with the demand expanding at a notable CAGR of 10.1% during the forecast period of 2017 to 2023. On the basis of type of regulatory affairs services, it is expected that clinical trial applications and product registration segment will be gaining immense traction on account of patent expires, and need for developing new products due to the growing prevalence of chronic, bacterial, and viral diseases. As a number of products in clinical trials is increasing, the demand for product registration services and clinical trial application services is increasing.

Request PDF Sample of Regulatory Affairs Outsourcing Market Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3528

Emerging Nations Holding Immense Growth Opportunities

On the basis of geography it is expected that the emerging nations in Latin America and Asia Pacific will turn out to be extremely promising markets for regulatory affairs outsourcing. product development, rise in the commercialization units, increasing number of researches and availability of cheap resources and raw materials will drive the growth of this market in emerging economies. Also, the vast pool of patient population in Asia Pacific will create a favorable environment for growth. Many new entrants are using emerging nations for launching themselves in order to later on venture into the bigger markets of North America and Europe.

Realization that Outsourcing is Cost Effective and Resource Effective Favoring Demand

According to the lead author of the support, the rising pace with which innovations are taking place in the medical sector, growing investments in research and development activities, and increasing competition between the players are helping the regulatory affairs outsourcing market to grow. Companies within the market are finding ways of reducing cost in order to attract more customers. The market is also growing due to the rising awareness and realization that outsourcing is cost-effective and resource effective way for the managing of data generated during approvals, clinical trials, and patent approvals.

Enquiry for Discount on “Regulatory Affairs Outsourcing Market ” Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3528

Presence of Strict Regulatory Framework Governing Aspects of Marketing and Development of Drugs to Boost Growth of Market

Also, in many countries there is a presence of strict regulatory framework which governs each aspect of development and marketing of clinical drugs and medical devices, which makes it necessary that the regulatory documents be as per the define guidelines. This is driving the preference for professional service providers who all free services such as efficient handling of data relating to regulatory affairs.

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Gas-filled Radiation Detectors Market: Introduction

  • Gas-filled radiation detector is a radiation monitoring system. When gas in the detector comes in contact with radiation, it reacts, with the gas becoming ionized and resulting electronic charge being measured by a meter.
  • Gas-filled radiation detectors are cylindrical in shape with two electrodes – the central electrode and the outer sheath, which is separated by an insulator
  • Gas-filled radiation detectors ensure exposure to radioactive emission at optimal levels

Report Overview @ https://www.transparencymarketresearch.com/gas-filled-radiation-detectors-market.html

Key Drivers of Global Gas-filled Radiation Detectors Market

  • Global gas-filled radiation detectors market is likely to be driven by rise in adoption of nuclear medicines and radiation therapy for diagnosis and therapeutics procedures. According to the World Nuclear Association, around 40 million nuclear medicine procedures are performed every year.
  • Use of radiopharmaceuticals in diagnosis is increasing. According to the World Nuclear Association, around 10,000 hospitals across the world use radioisotopes in medicines.

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  • Rise in the number of imaging procedures, angiography, fluoroscopy, computed tomography (CT), and radiographic imaging is expected to fuel the growth of the global gas-filled radiation detectors market during the forecast period
  • Surge in the use of radiotherapy for treatment of cancer is expected to propel the demand for gas-filled radiation detectors in health care settings, which, in turn, will fuel the global gas-filled radiation detectors market growth during the forecast period. According to the American Institute of Cancer Research, nearly 18 million cancer cases were diagnosed globally in 2018.
  • Increase in the use of radioisotopes  for sterilization of medical equipment in hospitals and diagnostic laboratories is also driving the demand for gas-filled radiation detectors for  measurement and identification of radiation levels
  • Gas-filled radiation detectors are user-friendly, portable, and durable. This is expected to augment market growth.

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North America to Hold Major Share of Global Gas-filled Radiation Detectors Market

  • North America is projected to lead the global gas-filled radiation detectors market during the forecast period. North America is a leading market for gas-filled radiation detectors driven by high rate of adoption of gas-filled radiation detectors for radiation monitoring in health care settings.
  • According to the World Nuclear Association, in the U.S., around 20 million nuclear medicine procedures are performed per year. In Europe, the number is approximately 10 million.
  • Increase in awareness about these radiation detectors for radiation monitoring and rise in patient base suffering from cancer in the U.S. are expected to drive the gas-filled radiation detectors market in the region
  • The National Cancer Institute had estimated that around 1,735,350 new cases of cancer would be diagnosed in the United States in 2018
  • Government bodies in Europe has laid down stringent policies defining the permissible limits of radiation exposure. It is mandatory for health care settings, which have radiation therapy and radiological imaging facilities to follow laboratories practices, guidelines, and regularly monitor radiation levels. Furthermore, rise in the number of research laboratories using radioisotopes for experiments is anticipated to propel the demand for gas-filled radiation detectors in this region

Key Players Operating in Global Market

Major players operating in the global gas-filled radiation detector market are:

  • Mirion Technologies, Inc.
  • Kromek
  • Militram Futuristic Technologies.
  • HENAN CHICHENG ELECTRIC CO.,LTD
  • LND, INC
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