Market Research Reports

Tuesday 28 December 2021

Acupuncture Market Opportunities, Sales, Cost and Profit To 2027

Acupuncture Market Overview

Acupuncture has seen extensive growth in recent years as more people have invested in the shift to less invasive traditional remedies. As per MRFR, the acupuncture market is estimated to gain an income of USD 24551.6 Mn at a CAGR of 14.50% by 2023.

Acupuncture has been reported to be useful in relieving muscle tension and chronic pain by stimulating blood circulation throughout the body. Acupuncture has displayed superior results in the treatment of PMS, infertility, PCOS, menopause, mental stress, and other hormonal abnormalities that fuel the market's expansion.

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Segmental Analysis

The segmental assessment of the acupuncture market is conducted based on application, product, and services, end user, and region. By product & services, the acupuncture market consists of services and products. By end-user, the acupuncture market consists of hospitals & specialty clinics, and wellness centers. The acupuncture market consists of gynecological disorders and pain syndrome illnesses by application. The acupuncture market consists of the Americas, Europe, Asia Pacific, Africa, and the Middle East by region.

Detailed Regional Analysis

The regional examination of the acupuncture market consists of the Americas, Europe, Asia-Pacific, Africa, and the Middle East. According to the market's regional investigation, the European region is projected to control most of the global acupuncture market. The progress is attributable to the intensifying prevalence of long-lasting diseases and the mounting predilection for acupuncture therapy among the European population. Furthermore, stable market rivals contribute substantially to market growth in the region. The expansion of insurance coverage by other private enterprises in countries such as France, Austria, Spain, and others will provide a favorable background for market growth in the European continent. The Asia Pacific region is projected to be the fastest-growing global acupuncture market. The existence of countries such as China, Japan, and Korea which have a strong rate of adoption for acupuncture therapies, is credited with the evolution of the Asia Pacific acupuncture market. Additionally, the flourishing number of companies manufacturing acupuncture products and the prevalence of chronic diseases are powering the market growth in this region.

Competitive Analysis

The upsurge in innovative technologies in the global supply chain is estimated to generate opportunities during the forecast period. The market is projected to witness an improvement in growth cues in the near future. The reclaimed market potential is projected to augment the worldwide market's progress. The essential policies being developed by government bodies worldwide are thought to have a powerful role in the global advancement of the market. The restructuring of the market's fundamental operations is expected to impact the market shortly. The market's production stability is predicted to be variable. Each manufacturer is expected to make microeconomic decisions to ensure long-term business growth and continuity during the forecast timeframe. The COVID-19 pandemic's drastic changes in the global financial intermediation structure are believed to influence how firms acquire finance in the comparable period. The mindset of hypervigilance in the aftermath of the pandemic is intended to guide market decisions throughout the projected period.

The illustrious contenders in the acupuncture market are Zepter International, Acumedic Limited, MKW Laser System GmbH, 3B Scientific GmbH, Asia-Med Gmbh, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, Wuxi Jiajian Medical Instruments Co. Ltd., and SIRIN Corporation.

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Industry Updates:

Dec 2021 According to the findings of a recently published clinical investigation, the effects of acupuncture on symptoms are long-lasting. The National Institutes of Health Chronic Prostatitis Symptom Index (NIH-CPSI), which awards scores for pain, urine function, and quality of life, was used to measure treatment benefits. The males were followed for 24 weeks following the eight weeks of treatment.

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Clinical Laboratory Test Market SWOT Analysis, Demand and Emerging Trends | Forecast to 2027

Clinical Laboratory Test Market Overview

The clinical laboratory test industry is changing in response to the rising number of disorders among individuals, providing proper screening before prescribing medication. In addition, as healthcare facilities develop, governments in different countries are investing more resources in the implementation of clinical test laboratories in every region. As per MRFR, the clinical laboratory test market is estimated to gain a CAGR of 6.5% in the forecast period.

The global market demand is being fueled by an increase in the number of routine medical tests such as diabetes testing, blood tests, eye exams, full-body profiles, and numerous diagnostic tests. The share of aging persons is climbing and is sure to persist in the future, presenting possibilities for growth.

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Segmental Analysis

The segmental study of the clinical laboratory test market is segmented into lab type, test type, region, end-user, and application. Depending on the end-user, laboratories are categorized as stand-alone laboratories, clinic-based laboratories, hospital-based laboratories, and others. The type of laboratory segment is categorized as physician office-based laboratories, hospital-based laboratories, and central/independent laboratories. Based on the type of test, the market is segmented into HGB/HCT test, liver panel test, comprehensive metabolic panel test, electrolytes testing, renal panel test, BUN creatinine test, lipid panel test, HbA1c test, basic metabolic panel (BMP), and full blood count (CBC). Based on regions, the clinical laboratory test market consists of Europe, Asia-Pacific, North America, and other regions. Based on application, the clinical laboratory test market is segmented into urinalysis, histology, immunology/serology, toxicology, virology, parasitology, and hematology.

Detailed Regional Analysis

The regional examination of the clinical laboratory test market consists of Europe, Asia-Pacific, North America, and the rest of the world regions. Due to the massive prevalence of disorders associated with hypertension, cardiovascular disease, cancer, stroke, and other fatal conditions, North America has the maximum expenditure on healthcare and R&D, followed by Europe. The utilization of clinical laboratories by research institutes, hospitals, and clinics has generated increased demand for clinical laboratories. Due to the substantial geriatric populations in China and Japan, Asia-Pacific is the speediest market for clinical laboratory tests.

Competitive Analysis

The market is projected to witness an improvement in growth cues in the near future. The mindset of hypervigilance in the aftermath of the pandemic is intended to guide market decisions throughout the projected period. The reclaimed market potential is projected to augment the worldwide market's progress. The essential policies being developed by government bodies worldwide are thought to have a powerful role in the global advancement of the market. The restructuring of the market's fundamental operations is expected to impact the market shortly. The upsurge in innovative technologies in the global supply chain is estimated to generate opportunities during the forecast period. The market's production stability is predicted to be variable. Each manufacturer is expected to make microeconomic decisions to ensure long-term business growth and continuity during the forecast timeframe. The COVID-19 pandemic's drastic changes in the global financial intermediation structure are believed to influence how firms acquire finance in the comparable period.

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The eminent contenders in the clinical laboratories market are Laboratory Corporation of America, Quest Diagnostics, AURORA Diagnostics, LifeLabs Medical Laboratories, and Sonic Healthcare.

Industry Updates:

Dec 2021 Roche announced plans to commercialize the SARS-CoV-2 & Flu A/B Rapid Antigen Test for professional use in CE-marked markets by the end of January. In addition, Roche plans to submit an Emergency Use Authorization (EUA) request to the U.S. Food and Drug Administration (FDA) in early 2022. The SARS-CoV-2 & Flu A/B Rapid Antigen Test is designed for healthcare practitioners to quickly discriminate between SARS-CoV-2 and influenza viruses A and B infections in people who have symptoms associated with COVID-19 or influenza.

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Biohacking Market Size, Share, Outlook and Challenges Till 2027

Market Overview

Biohacking Market is projected to reach USD 63 Billion by 2028, at a CAGR of 19% from 2021 to 2028. Increased biohacking knowledge, the prevalence of chronic conditions, and consumer desire for smart gadgets and drugs are all projected to contribute to the market's growth in the coming years, which will in turn drive its expansion. As technology advances, new medical devices and sensors are being introduced to the market, fueling the sector's rapid expansion. There will be many more enhancements to come in the future that will continue to raise awareness and widen the market's scope. Radio frequency identification (RFID) and the internet of things (IoT) are two technologies that have gained popularity in the industry (IoT). A significant portion of the populace has become captivated with their use in numerous gadgets, resulting in record-breaking growth for the industry.

In contrast, cybercrime has the potential to have a wide-ranging impact on the marketplace. The publication of confidential information could have a detrimental impact on the market if cyber hackers gain access to it. In addition, remote access to insulin pumps, cochlear implants, and pacemakers is possible, which might have grave consequences or expose personal information. In the short term, this could cause a market congestion. The tech-savvy generation, on the other hand, may have the ability to change the course of the economy.

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The COVID-19 pandemic is expected to spur growth in the biohacking sector because to consumer uptake, favorable government and private funding, and substantial company initiatives. The global market has been negatively impacted by the COVID-19 pandemic. Many biohackers are working to create a COVID-19 vaccine through the use of biohacking techniques in their research. Some biohackers are also developing a COVID-19 testing kit that, if authorized, will help broaden the world's COVID-19 testing capability.

Segmental Analysis

Outside and interior biohacking are included in type-wise segmentation.

Depending on the type of product, the market can be segmented into smart pharmaceuticals, sensors, strains, and others.

Forensic science, genetic engineering, diagnosis and treatment, drug testing, and synthetic biology are just a few examples of the many applications in this field.

Depending on the end-user, the market can be segmented into pharmaceutical and biotechnology companies, forensic laboratories, and others.

Regional Overview

the Americas; Europe; Asia-Pacific; and North Africa are all included in this research of the global market (MEA).

The Americas currently dominate the market with a value of USD 2999.05 million, and a rise to USD 10573.53 million might solidify their position at the top. Many government and non-government organisations are stepping up their efforts to do research and development in order to create new therapeutic options. In addition, the growing acceptance of synthetic biology is projected to boost industry expansion. As a result of the increasing number of biotechnology and synthetic biology enterprises in the region, the regional market is also growing. As a result of a growing awareness among the region's youth of the market's broader implications, the market is benefiting.

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However, the APAC area is predicted to grow at a CAGR of 19.91 percent over the same time period. The regional market is significantly impacted by the region's huge number of patients with chronic diseases. This business could benefit from the increased investment being made by developing countries like India and China. Other variables include the availability of state-of-the-art healthcare facilities and the efforts of the government. In addition, the growing economies' strong R&D operations will help to expand the market around the globe.

Competitive Dynamics

Noteworthy industry participants in the biohacking market include Thync Global Inc. (U.S.), Synbiota (Canada), Apple (U.S.), HVMN, Inc. (U.S.), MoodMetric (U.S.), THE ODIN (U.S.), and Fitbit, Inc. (U.S.).

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Hospital Furniture Market Investment Feasibility, Share, Demand By 2027

Hospital Furniture Market Overview

Hospital furniture is also critical in changing a hospital environment into a comfortable public space for patients. The hospital furniture market will continue to thrive as long as hospitals are considered a civic obligation and public institutions. As per MRFR, the Hospital furniture market is estimated to gain a CAGR of 9.8% in the duration of the forecast period.

The need for more advanced hospitals and public agencies' efforts to modernize the infrastructure of existing hospitals are also propelling the hospital furniture market. The diagnosis and treatment of new diseases is also a key opportunity for the hospital medical furniture market, enabling it to concentrate on specialized treatment clinics.

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Segmental Analysis

Types, applications, and end-users are used to segment the hospital furniture market. The hospital furniture market can be divided into OT tables, hospital beds, chairs, scrub sinks, instrument stands, bedside tables, stretchers, trash containers, trolleys, and other categories based on type. The hospital furniture market is divided into three application categories: patient furniture, physician furniture, and staff furniture. The hospital furniture market comprises diagnostic centers, clinics, and hospitals based on end-users.

Detailed Regional Analysis

According to hospital furniture industry tendencies, the North American region accounts for most of the industry's size. Moreover, healthcare furniture trends show that the Asia Pacific area would be the fastest-growing industry during the forecast period. This trend can be traced back to hospital furniture makers in India and China. The African and European regional markets are already becoming increasingly important in the hospital furniture industry. Europe is undergoing a radical shift due to similar characteristics to the Americas. The APAC region is growing rapidly, and it will increase at the greatest rate during the projected period. Emerging economies are investing massively in healthcare infrastructure, and governments take the necessary steps to improve the sector. Furthermore, various nations in the region are establishing themselves as medical hubs, boosting the industry forward.

Competitive Analysis

The market is projected to witness an improvement in growth cues in the near future. The reclaimed market potential is projected to augment the worldwide market's progress. The market's production stability is predicted to be variable. Each manufacturer is expected to make microeconomic decisions to ensure long-term business growth and continuity during the forecast timeframe. The COVID-19 pandemic's drastic changes in the global financial intermediation structure are believed to influence how firms acquire finance in the comparable period. The essential policies being developed by government bodies worldwide are thought to have a powerful role in the global advancement of the market. The restructuring of the market's fundamental operations is expected to impact the market shortly. The upsurge in innovative technologies in the global supply chain is estimated to generate opportunities during the forecast period. The mindset of hypervigilance in the aftermath of the pandemic is intended to guide market decisions throughout the projected period.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/hospital-furniture-market-1007

The foremost companies in the hospital furniture market are Bio Medical Solutions (India), KI (US), The Brewer Company (US), Anetic Aid Limited (UK), DRE INC (US), Ocura Healthcare Furniture (UK), Bristol Maid Hospital Metalcraft (UK), GPC Medical Ltd (India), Chang Gung Medical Technology (China), Stryker Corporation (US), Narang Medical (India), Moore Medical LLC (US), and Hill-Rom (US).

Industry Updates:

Medikabazaar, a B2B online marketplace for medical products, has raised $75 million in a Series C round of funding led by Creaegis Principals LLP, a local private equity firm. Creaegis has acquired CDC Group Plc of the United Kingdom as a new investor. Avendus advised Medikabazaar on the deal. The money raised will help the company expand its international operations and strengthen its position in the Indian B2B health tech market. Medical equipment, medical gadgets, consumables, disposables, and hospital furniture are among the items listed on the platform.

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Precision Medicine Market Insights, Emerging Trends and Landscape To 2027

Market Overview

The precision medicine market is estimated to reach around USD 126.14 billion at CAGR of 12.48% during the forecast period (2017-2025). Since the last few years, the healthcare industry has seen an explosion in the use of precision medicine. When the term "tailored medicines" was coined in 2003, it quickly became synonymous with precision medicine. Departments of medicine working on the complete sequencing of the human genome are primarily concerned with providing patients with personalized medications. New medical, scientific, and business models have emerged as a result of modern and advanced technological breakthroughs.

Rapid advances in technology, such as ultra-high-throughput and next-generation sequencing, will determine the future of precision medicine. The business potential for personalized medicine is reaching new heights as a result of the increasing prevalence of various hereditary disorders. The combination of biotech and pharmaceutical sectors with big data healthcare firms will drive the expansion of the precision medicine market.

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Precision medicine's upward trajectory will be bolstered by further advances in the field. The fusion of biotech and pharmaceutical industries with bigdata health care enterprises is another factor that will raise the market value of the precision medicine industry in the near future.

Segmental Analysis

There are numerous submarkets, therapies, and stakeholders in the worldwide precision medicine industry.

Companion diagnostics, PGX (pharmacogenomics) and many more segments are included in the market segmentation of biomarker-based testing.

Treatments such as cardiovascular disease or CVD, central nervous system cancer or oncology and infectious illness are all part of the global precision medicine market sector.

The players in the ecosystem include diagnostics companies, pharmaceutical and biotechnology companies, clinical laboratories, healthcare IT specialists, and big data enterprises.

Region Overview

Several regions, including the Americas, Asia Pacific, Europe and Africa, are studied in the precision medicine market.

The global market will be dominated by the Americas. Prevalence of cancer and genetic disorders, the growing use and presence of important businesses such as Pfizer, Qiagen and Quest Diagnostics in the North American precision medicine industry accounted for majority of revenue share. Precision medicine awareness in the region and an increase in demand for individualised cancer treatment are expected to drive industry revenue in the region. The U.S. market for personalised medicine is expected to grow at the quickest rate in the global market, thanks to improved gene mapping technology.

Diagnostics, drugs, and electronic health records are all more advanced in Europe, which is why it is the market's second-largest regional market.

The most rapid expansion is predicted to occur in the Asia-Pacific region. One-size-fits-all medicine is increasingly being replaced by precision medicine, and these trends, as well as rising healthcare spending and research funding, are all projected to contribute to the expansion of the Asia-Pacific precision medicine software market. It is expected that the precision medicine industry in Singapore will surpass all other Asian markets in the next years as a result of rising disposable income and enhanced healthcare infrastructure.

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Competitive Dynamics

The notable players of the market are Abbott Laboratories (USA), Ab-Biotics Sa (USA), Almac Group Ltd. (UK), Asuragen Inc (USA), Biobase Gmbh (Germany), Biomérieux Sa (France), Caris Life Sciences (USA), Cepheid Inc. (USA), Cetics Healthcare Technologies Gmbh (Germany), Ge Healthcare (USA), Glaxosmithkline PLC (UK), Healthcore Inc. (USA), IBM (USA), Innventis (Israel), Intel Corporation (USA), Johnson & Johnson (USA), Laboratory Corporation Of America Holdings (USA), Medtronic (USA), Molecular Health Gmbh (Germany), Novartis (Switzerland), Pfizer Inc. (USA), Qiagen (Germany), Quest Diagnostics Inc (USA), Randox Laboratories Ltd. (UK), Sanofi Pharma (France), Takeda Pharmaceutical Company Limited (Japan), and Teva Pharmaceutical Industries Ltd. (Israel).

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Cancer Biomarker Market Segmentation, SWOT Analysis and Dynamics | Forecast to 2027

Market Scope

Market Research Future (MRFR) reveals that the cancer biomarker market would obtain a growth rate of 15.8% from 2020 to 2027. Rapidly mounting cases of cancer in the wake of surging prevalence of unhealthy living and bad eating habits will favor the cancer biomarkers market the years ahead. Rise in technological advances facilitate the combination of cancer biomarkers with several novel medications for faster and more accurate diagnosis along with improved treatments.

The strong influence of the western culture in the emerging counties, exhaustive research based on cancer biomarkers, and the FDA encouraging the development of biomarkers also add to the market worth. These biomarkers facilitate better speed and precision of diagnosis, which also helps foster their demand. Significant investments by private firms and the government in extensive cancer-related research/clinical trials, and the focus on developing highly specific drugs will further benefit the worldwide market.

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Furthermore, the heightened number of government initiatives focused on cutting down the high healthcare costs through personalized medicines, for elevated focus on faster detection and prevention will also enhance the market share. Other than that, the escalating number of distributors, manufacturers and service providers of cancer biomarkers will give rise to lucrative opportunities in the coming years.

Majority of the companies adopt strategic measures including acquisitions, mergers, product innovation, and awareness campaigns that boost brand awareness. For instance, in April 2021, Amgen developed Biomarker Assist, which is a campaign to assist more patients affected by metastatic non-small cell lung cancer to get easier access to biomarker testing.

Market Segmentation

Major types of cancer biomarkers are genetic biomarker, protein biomarker, and more. The highest position has been taken by the genetic biomarker segment, which will continue to lead the market all through the given period. This segment is backed by the rising advances in technologies used for mutation detection, and the surge in innovations in high-throughput technologies. With major companies launching technologically-developed products, the accuracy and speed of genetic biomarker for diagnosis applications has improved significantly, giving a solid push to the segment.

Key applications of cancer biomarkers are cancer prognostic, therapeutic, as well as diagnostic. The diagnostic-based segments can be imaging along with non- Imaging.

Top end-users listed are diagnostic tool companies, pharmaceutical and biotechnology companies, clinical laboratories, healthcare big data companies, and more.

Regional Study

North America is the most successful market for cancer biomarkers, in terms of expansion, since the region has a highly developed pharmaceutical and healthcare sectors. The solid demand for cancer biomarkers in the United States is the result of the blossoming elderly patient populace and the resultant increase in the need for faster detection and treatment. The huge prevalence of cancer also fuels the market growth rate in the region.

Asia Pacific will potentially be the fastest developing market in the next few years, as a result of the substantial contributions from rapidly emerging nations like Australia, India, South Korea, Japan, and China. The region shall present attractive opportunities in the following years, as the number of contract research organizations continues to mount. Meanwhile, the low spending required to conduct clinical trials in the region facilitates business growth too. Widespread deployment of advanced medical imaging systems, rising healthcare expenditure and the massive rise of R&D scope with respect to cancer biomarkers could be a key growth inducer in the ensuing years.

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Market Participants

MRFR has listed a few important cancer biomarker developers active in the worldwide market, including Abbott Laboratories (U.S.), Bristol-Myers Squibb (U.S.), Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), Becton Dickinson (U.S.), GlaxoSmithKline plc. (U.S.), PerkinElmer, Inc. (U.S.), Bio-Rad Laboratories (U.S.), Novartis AG (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Eli Lilly and Company (U.S.), Illumina Inc. (U.S.), QIAGEN N.V (U.S.), F. Hoffmann-La Roche AG (Switzerland), and more.

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Menopause Treatment Market Demand, Sales, Profit Till 2027

Menopause Treatment Market Overview

The menopause treatment market is likely to record a healthy CAGR of over 6.18% over the assessment period from 2020 to 2027. The market is projected to acquire a market size of approximately USD 15,456.3 Million by 2027.

Menopause is a natural process with treatments that focus on symptomatic relief. Vaginal dryness is treated with estrogen or topical lubricants. Medications can lessen the frequency and severity of hot flushes. The global menopause treatment market has been witnessing massive growth in recent times. The extensive R&D activities are driving the market's growth to launch novel drugs, rising menopausal symptoms, growing disposable income of women, and availability of herbal treatment for menopause. However, the market's growth is likely to be restricted by the low awareness, low-income levels, considerable gender-wise health disparities, and lack of advanced healthcare infrastructure.

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Segment Analysis

The global menopause treatment market is divided into several segments based on treatment, distribution channel, and region.

Based on treatment, the menopause treatment market is split into anti-depressants, hormonal treatment, non-hormonal treatment, estrogen, combination, progesterone, and others.

The menopause treatment market is bifurcated into online stores, retail pharmacies, and hospital pharmacies based on the distribution channels.

Regional Analysis

The menopause treatment market is studied across four major regions, including the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The American regional market for menopause treatment dominated the market globally in 2019. The well-established healthcare industry is driving the regional market's growth with modern infrastructure, new drug launches, and the growth in urogenital complications and vasomotor symptoms among women. Furthermore, the rising introduction of novel drugs, high prevalence of an unhealthy lifestyle, increased awareness, supportive government initiatives, and the constantly growing female population aged over 60 are also likely to boost the regional market's growth.

The Asia-Pacific regional market for menopause treatment is likely to register the highest growth over the review timeframe. The regional market's growth is attributed to the rising instances of players entering joint ventures with the local firms and the mounting awareness level about women's health. Furthermore, the growing technological literacy and growth in the working women population are projected to accelerate the regional menopause treatment market over the review timeframe.

Competitive Analysis

The global menopause treatment market has an intensely competitive landscape. The growing R&D activities and therapies for menopause are likely to encourage new players to join the market. The players across the market are adopting several new strategies such as expansions, collaborations, joint ventures, acquisitions, and FDA approvals. The list of leading players in the menopause treatment market includes companies such as Novo Nordisk A/S (Denmark), Cipla Inc. (India), Abbott Laboratories (U.S.), Pfizer Inc. (U.S.), Merck & Co. Inc. (U.S.), Allergan (Ireland), Teva Pharmaceuticals (Israel), Eli Lily and Company (U.S.), Novartis AG (Switzerland), Emcure Pharmaceuticals Ltd (India), and many others.

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Recent Developments

December 2021 – a leader in women's health innovation, Daré Bioscience, Inc., announced that XACIATO [zah-she-AH-toe] got approval from the U.S. Food and Drug Administration (FDA) to treat bacterial vaginosis in females 12 years of age and older.

December 2021 – a leading real-world evidence company, Syapse®, devoted to extinguishing the fear and burden of severe diseases by progressing real-world care, presented five abstracts at the leading global conference for health economics and outcomes research (HEOR), Virtual ISPOR Europe 2021. Chief commercial officer at Syapse, David Pomerantz said that the company is proud to have a strong presence and to be sharing such crucial work at this year's Virtual ISPOR Europe meeting.

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