Monthly Archives: July 2021

Breathing Circuits Market Size to Grow at a CAGR of 3.5% During the Forecast Period 2021–2026

Rising Prevalence of Respiratory Diseases is Driving the Growth of Breathing Circuits Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Breathing Circuits Market size was estimated at $1.1 billion in 2020, projected to grow at a CAGR of 3.5% during the forecast period 2021-2026. Breathing Circuits industry is witnessing huge demand owing to rising number of coronavirus cases and also asthma cases worldwide. A breathing machine, also known as a breathing circuit or mapelson is a medical device that delivers oxygen, removes carbon dioxide, and administers inhaled anesthetics to a patient.

An anesthesia machine is a device that administers general anesthesia to patients during a medical procedure that provides a steady flow of air with a controlled supply of gas, is the most widely used system. Inhalation anesthetics are used in operating room to induce and maintain general anesthesia. Breathing circuits are effective, simple, and meet the anesthetic needs of neonates, infants, children, and adults.

Breathing Circuits Market Segment Analysis – By Product Type

Based on Product Type, Breathing Circuits Market is segmented into Open, Semi-Open, Closed and Semi-Closed. Open Breathing Circuit segment is accounted for the largest revenue market share in 2020. The open breathing circuit is a conventional method for providing patients with a continuous supply of oxygen and other necessary gases. The devices in open circuits are packed with filtered, compressed air instead of pure oxygen.

The Semi-Open breathing circuits segment is poised to grow with the fastest CAGR of 3.8% in the forecast period 2021-2026.

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Breathing Circuits Market Segment Analysis – By Application

Based on Application, Breathing Circuits Market is segmented into Respiratory Dysfunction, Anesthesia. Anesthesia segment is accounted for the largest revenue market share in 2020. Because of the rising burden of chronic diseases, the anesthesia segment is predicted to experience significant growth in the coming years. The rising incidence of cardiovascular diseases, which are the leading cause of death in humans, would increase demand for anesthesia, resulting in segment development.

Anesthesia is widely used during surgical procedures to relieve surgical discomfort during intervention that aid the growth of the segment. Respiratory Dysfunction, segment is anticipated to grow with the fastest CAGR of 3.9% in the forecast period 2021-2026.

Breathing Circuits Market Segment Analysis – By Geography

Based on Geography, North America Breathing Circuits Market accounted for the 41% revenue share in 2020. This is majorly attributed to the technological advancement and rising geriatric population. Between 1980 and 2014, the overall incidence of death from chronic respiratory diseases like COPD increased by around 30% in the United States, according to the Journal of the American Medical Association.

In the United States in 2015, chronic respiratory diseases were the fifth leading cause of death, accounting for 6.7 percent of all deaths. Chronic respiratory disorders is the fifth leading cause of death in the United States. Asia-Pacific market is anticipated to grow with the fastest CAGR in the forecast period 2021-2026. Growing geriatric population, an increase in health-care spending in addition with advancements in healthcare infrastructure are some of the factors projected to drive the breathing circuit market in Asia Pacific.

Breathing Circuits Market Segment Analysis-Drivers

Rising prevalence of Respiratory Diseases:

The global demand for breathing circuits is continuing to rise due to the rising prevalence of chronic inflammation caused by smoking. The rising prevalence of asthma, chronic coughing, and bronchial cancer is also driving demand for breathing circuits. According to the CDC, asthma affects 18.4 million people aged 18 and up, or 7.6% of the adult population. Owing to the prevalence of these diseases, there has been an increase in demand for deep breathing.

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Breathing Circuits Market Segment Analysis-Challenges

Side Effects Of Inhalation Anesthetics:

Respiratory depression, where Inhalational anesthetics cause a decrease in arterial blood pressure and cerebral metabolic demand, as well as an increase in cerebral blood flow. The most common side effect is nausea, that varies depending on the drug (e.g., halothane can cause hepatotoxicity).

Breathing Circuits Market Segment Landscape:

Breathing Circuits Market top 10 companies are Dickinson & Company, Ambu A/S, Altera, C.R. Brad, Telefles Incorporated, Fisher & Paykal Healthcare, GE Company, Bio-Med Devices, WilMarc Medical, Becton, Armstrong Medical Ltd.

Acquisitions/Product Launches:

In 2020, Eakin Healthcare Group, a Northern Irish family-owned healthcare company that also operates internationally in the ostomy, wound care, and surgical sectors, acquired Armstrong Medical.

Key Takeaways

According to Asthma and Allergy Foundation of America, in 2019, 44.3% of asthmatic children aged 18 and under said they had one or more asthma attacks in the previous year.

One of the main factors driving up demand for breathing circuits around the world is the increasing number of coronavirus (COVID-19) cases.

Furthermore, to improve the comfort and treatment given to the patient, several market players are offering moisture filters, revolutionary tubes, and heat face masks that aids to market growth.

However, Inhaled anesthetics causes nephrotoxicity, hepatotoxicity, cardiac arrhythmias, neurotoxicity, and other side effects and is predicted to hamper the market growth.

Related Reports :

A. Anesthesia Breathing Circuits Market
https://www.industryarc.com/Research/Anesthesia-Breathing-Circuits-Market-Research-501718

B. Mechanical Ventilators Market
https://www.industryarc.com/Report/15298/mechanical-ventilators-market.html

For more Lifesciences and Healthcare Market reports, please click here

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Source URL: https://marketersmedia.com/breathing-circuits-market-size-to-grow-at-a-cagr-of-35-during-the-forecast-period-20212026/89037085

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Release ID: 89037085

Nano Metal Oxide Market Size Forecast to Reach $8.3 Billion by 2026

Growing Usage of Aluminum Dioxide As Coating in Optical Lenses, Windows, Flooring and Other Surfaces Will Further Enhance the Overall Market Demand for Nano Metal Oxide Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Nano Metal Oxide Market size is forecast to reach $8.3 billion by 2026, after growing at a CAGR of 9.3% during 2021-2026. Nano Metal oxides are used in the fabrication of various microelectronics circuits such as sensors, piezoelectric devices, fuel cells among others. So, with rise in demand for electronics products such as optoelectronics, semiconductors, transmitters and others, the nano metal oxide industry is witnessing an increase in demand.

The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world were in completely lockdown due to the pandemic. The semiconductor supply and demand were hindered as, semiconductor revenue has declined by 0.9% in 2020, according to Gartner, Inc. This is a decline of 12.5% as compared with the previous quarter. .

Nano Metal Oxide Market Segment Analysis – By Type

Aluminium oxide segment held the largest share in the nano metal oxide market in the year 2020 and is expected to grow at a CAGR of 6.8% during the forecast period. Aluminium oxide nanoparticles have unique abrasion resistance and properties for use in optical lenses, windows, flooring and other surfaces and coatings prone to scratching.

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Nano Metal Oxide Market Segment Analysis – By Application

Electrical & Electronics sector has been the primary market for nano metal oxide in the year 2020 and is expected to grow at a CAGR of 9.5% during the forecast period. Metal oxide nanoparticles are majorly used in electrical & electronics for the fabrication of microelectronic circuits, sensors, piezoelectric devices, fuel cells, coatings for the passivation of surfaces against corrosion, and as catalysts. So, with the rise in electronics industry, the demand for various electronics devices will also increase.

Nano Metal Oxide Market Segment Analysis – By Geography

APAC has dominated the nano metal oxide market in the year 2020 and is expected to grow at a CAGR of 8.7% during the forecast period. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing.

Nano Metal Oxide Market Drivers

Increasing demand for Silica

Colloidal silica nanoparticles are amorphous materials and are generally spherical in shape. Nanoparticles silica are used in paints and coatings to improve the degree of finish, increase the scrub and stain resistance, cut short the time of drying, and provide protection from UV rays. They are also used in plastics and can significantly improve the toughness, strength, wear and ageing resistance of plastics. Hence owing to its better performance, the increasing demand for silica in paint industry is expected to drive the market growth for nano metal oxide market.

Growing Cosmetic Industry

Nanotechnology is used in cosmetic industry to keep skin more youthful and provide protection from harmful sunlight. The applications of nanomaterials found in cosmetic products include moisturizers, hair care, makeup, sunscreen and others. Titanium oxide and zinc oxide are the main compounds used in these applications. According to the IndustryARC Experts Insights, U.S cosmetic industry is estimated of almost 42 billion USD. So, the growing cosmetic industry around the world is expected to drive the demand for nano metal oxide market.

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Nano Metal Oxide Market Challenges

Government regulation on use of titanium dioxide

Titanium dioxide is the most widely used white pigment in products such as paints, coatings, plastics, paper, inks, fibres, food and cosmetics because of its brightness and high refractive index (>2.4) properties. Whereas according to the food and agriculture organization. US regulations authorize its use as a color additive in foods in general at levels not to exceeds 1%.

Market Landscape

Major players in the Nano Metal Oxide Market are Abc Nanotech Co , Ltd, American Element, Baikowski Sa, Eprui Nanoparticles Microsphere Co , Ltd, Goodfellow Group, Hongwu International Group Ltd, Nanoe, Nanophase Technology Corporation, Nanoshel Llc, Nanostructured Amorphous Materials, Inc, Nissan Chemical Industries, Ltd, among others.

Acquisitions/Technology Launches

In September 2020, Showa Denko had decided that its consolidated subsidiary Showa Denko Carbon Holding GmbH (SDCH) will merge with its consolidated subsidiary Showa Denko Europe GmbH (SDE), and that the surviving company SDCH will change its company name into Showa Denko Europe GmbH (new SDE) effective as of January 1, 2021.

In August 2019, Baikowski SA has acquired manufacturing company Mathym SAS. Mathym SAS is a nanotechnology company that specializes in the development, manufacture, and commercialization of nanodispersions.

Key Takeaways

Asia-Pacific dominates the nano metal oxide market owing to increasing demand from applications such as automotive and aviation industries.

The growing use of titanium dioxide for sun protection lotions, wood preservatives, and textile fibers, is likely to aid in the market growth of nano metal oxide.

The increasing demand for nano silica in paints and coatings industry will increase the market demand for nano metal oxide in the near future.

Governments regulations regarding use of titanium dioxide will create hurdles for the nano metal oxide market.

Related Reports :

A. Metal And Metal Oxide Nanoparticles Market
https://www.industryarc.com/Research/Metal-And-Metal-Oxide-Nanoparticles-Market-Research-504307

B. Magnesium Oxide Nanopowder Market
https://www.industryarc.com/Research/Magnesium-Oxide-Nanopowder-Market-Research-503067

For more Chemicals and Materials Market reports, Please click here

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Wood Coatings Biocide Market Size Forecast to Reach $1.3 Billion by 2026

Wood Coatings Biocide Can Have Toxic Carcinogen, Which Can Cause Cancer and Environmental Degradation and Will Likely Hinder the Market Growth.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Wood Coatings Biocide Market size is forecast to reach $1.3 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Biocides are the products or chemicals that combat pests or micro-organisms. Wood Coatings Biocide is widely used in the protection of wood or wood-made structures and also helps in increasing product life. The increasing demand for tebuconazole and propiconazole based products to control fungicides control wood-destroying due to their adaptability and abundance across indoor and outdoor applications of residential, commercial, and industrial sectors and boost the market growth. Additionally, Zinc Pyrithione (ZNP) powder is also used to protect stains and emulsion paints from fungal and algal.

Furthermore, the increase in demand for wood in home décor and roofing across the developing regions also drive the market growth. Furthermore, high investment in the tourism, healthcare, and education sectors has encouraged the growth of the construction industry in Saudi Arabia, which is subsequently driving the demand for the wood coating biocide market. The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The pandemic has reduced the demand for Wood Coatings Biocide. The growth of construction industry and the sales of furniture unit has decreased, these two are the primary users of the biocide coatings and has severely impacted the market’s growth.

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Wood Coatings Biocide Market Segment Analysis – By Formulation

Solvent-Borne segment is projected to witness a significant CAGR of 3.5% in the Wood Coatings Biocide Market during the forecast period. The low cost, quick-drying ability and microporous protection against wood rot, fungi, mold, and insect attack properties make solvent-borne coatings as useful products across various wood applications. Solvent-Borne Coatings are less sensitive to environmental conditions such as temperature change and humidity, which is why they are widely used for wood preservation as wood is temperature coefficient.

Solvent based wood coating biocides also provides excellent protection against ultraviolet radiation and waterproofs any cracks up to 0.4mm, which is why they are used on external wood structures like decks, railroad ties, fences, garden furniture, and wooden shed, which will further drive the markets growth.

Wood Coatings Biocide Market Segment Analysis – By Applicant Process

Brushing segment held the largest share of more than 30% in the Wood Coatings Biocide Market in 2020. Brushing is the simplest form of protective treatment and is widely used in the coating process, as they are cheap and don’t require any expensive equipment, like spray treatment. When applying a protective layer to a furniture brush coating is more feasible, as the painter has better control over the tool, and the protective coating is equally applied. Brush coating offers various benefits such as better control, very good adhesion, equal & uniform coverage than spraying coating, which makes brushing coating suitable for the various wooden application. According to research done by Checka trade, a trade directory, estimated around $71.3 billion to be spent on renovations in 2020 in the United Kingdom, which will further propel the market.

Wood Coatings Biocide Market Segment Analysis – By Application

Furniture segment held the largest share of more than 35% in the Wood Coatings Biocide Market in 2020. The growth of this market segment is attributed to the changing people lifestyle, increase in consumer income, growing consumer interest in home decoration, and increase in residential and commercial properties. Furthermore, increasing promotional activities for commercial & residential building accommodation with ready-to-use furniture to attract buyers and get better deals are likely to propel market growth.

Wood Coatings Biocide Market Segment Analysis – By Geography

APAC segment held the largest share of more than 45% in the Wood Coatings Biocide Market in 2020. The increase in demand for biocide coatings from different applications encompass joinery, flooring, railroad tie, cabinet, and decks. Furthermore, an increase in commercial housing activities, growing industrial construction, and the development of historic places further drive the market growth. According to Organization for Economic Co-operation and Development (OECD), estimated that the global middle-class population is estimated to be 3.2 billion in 2020 and will increase to 4.9 billion by 2030. The bulk of this growth will come from Asia and will represent 66% of the global middle-class population by 2030.

Wood Coatings Biocide Market Driver

Rapid Urbanization boosting the growth of the market

Surging Demand from the furniture Industry

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Market Landscape

Major players in the Wood Coatings Biocide Market are Lonza Group AG, Akzo Nobel N.V., PPG Industries, Inc., BASF Wolman GmbH, Lanxess AG, Troy Corp., Wacker Chemie AG, Clariant AG, Reactive Surfaces Ltd, Organics GmbH, and among others.

Key Takeaways

North America is projected to grow at a substantial rate over the forecast period due to the growing construction industry across the region. Whereas, the US holds the largest share in the region.

Wood Coatings Biocide can have toxic carcinogen, which can cause cancer and environmental degradation and will likely hinder the market growth.

COVID 19 has reduced the demand of the market due to the shutdown of many industrial operations and construction activities.

Related Reports :

A. Biocides Market

https://www.industryarc.com/Report/11647/biocides-market.html

B. Metal Biocides Market

https://www.industryarc.com/Research/Metal-Biocides-Market-Research-500275

For more Chemicals and Materials Market reports, please click here

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Blood Preparation Market Size Estimated to Reach $3,670 Million by 2026

Increasing Demand of Blood Transfusion and Growing Technological Advancement Are Likely to Aid in the Market Growth of the Blood Preparation Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Blood Preparation Market size is estimated to reach $3,670 million by 2026, growing at a CAGR of 5.6% during 2021-2026. Blood is a combination of different types of components such as Red Blood Cells (RBC), White Blood Cells (WBC), plasma, and platelets that circulate continuously inside the body to provide nutrition, and oxygen to body. Platelet aggregation inhibitor reduces the clot formation and inhibit thrombus formation.

Fibrinolytics is a body process that occur naturally from growing and causing problems and helps to prevent from blood clot. Blood thinners, also known as anticoagulants, are medications that are used to treat and avoid blood clots in blood vessels. The major factors driving the growth of this market are the rising demand for blood transfusions and the development of technology.

Blood Preparation Segment Analysis – By Product

The global Blood Preparation Market based on Product can be further segmented into Whole Blood, Blood Derivatives, and Components. In 2020, the Whole Blood market was the most revenue-generating segment. The increased demand for whole blood for major operations and transfusions is primarily to claim. Furthermore, the market’s growth is fueled by the easy availability, low cost, and easy maintenance of whole blood products.

The Blood Derivatives segment is estimated to register the fastest CAGR of 1.5% for the period 2021-2026. In cases of life-threatening infections including Ebola, blood derivatives like intravenous immunoglobulin and hyperimmune are used to boost immunity.

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Blood Preparation Segment Analysis – By Application

The global Blood Preparation Market based on Application can be further segmented into Thrombocytosis, Pulmonary Embolism, Renal Impairment, Angina Blood Vessel Complications, and Others.

The Angina Blood Vessel Complications segment is estimated to register the fastest CAGR of 1.3% over 2021-2026. This is primarily due to increased R&D for the production of anticoagulants for cardiac problems, as well as the rising prevalence of Cardiovascular Disorders (CVDs), which are fueling the market’s growth.

Blood Preparation Segment Analysis – By Geography

North America dominated the Blood Preparation Market with major share of 40% in 2020. This is owing to high incidence of CVDs, leukemia, and hematological and neurological diseases, increasing healthcare expenditure and presence of sophisticated healthcare infrastructure. According to National Institute of Health, in 2018 about 100,000 to 300,000 people in the U.S. die owing to venous thrombosis that increases the need of platelet aggregation inhibitor and are rising the market growth. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 2.8% during the forecast period 2021-2026 owing to number of blood related disorder and increasing development in healthcare.

Blood Preparation Market Drivers

Increasing Demand for Blood Transfusion

The Blood Preparation Market is expected to rise due to rising demand for blood transfusions, high-demand blood during surgical procedures, and an increase in the number of blood disorders. According to the World Health Organization (WHO), approximately 118.4 million blood donations will be received worldwide in 2020, propelling the Blood Preparation Market to new heights between 2021 and 2026.

Growing Technological Advancement

The market is expected to expand due to the increasing production of anticoagulant drugs such as Xa inhibitors, tissue factor inhibitors, direct thrombin inhibitors, factor IX inhibitors, and novel vitamin K a. Furthermore, the emergence of fibrinolytics and new oral anticoagulants, as well as the re-launch of drugs such as Urokinase, as well as the rising demand for source plasma, are all contributing to the market’s rise.

Covid-19 Impact:

COVID-19 pandemic had greatly affected the Blood Preparation Market. During pandemic, plasma therapy requires blood plasma donations from people who have recovered from Covid-19.This plasma is provided to Covid-19 patients who have not been able to produce enough antibodies against the virus, necessitating the need for blood preparation, i.e. plasma, which has a positive effect on the market’s development.

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Blood Preparation Market Challenges

Rising Transmission of Disease in Blood Preparation

The factors that is set to impede the growth of the Blood Preparation Market are the rising transmission of disease in blood preparation. Moreover, allergic reaction caused due to blood preparation tests is set to create hurdles for the Blood Preparation Market.

Blood Preparation Industry Landscape

Blood Preparation top 10 companies include, AstraZeneca PLC; Sanofi S.A.; LEO Pharma A/S; Bristol-Myers Squibb Company; Baxter International, Inc.; Pfizer, Inc.; Portola Pharmaceuticals, Inc.; and GlaxoSmithKline PLC.

Key Takeaways

Geographically, in 2020, North America dominated the Blood Preparation Market. This is owing to the high prevalence of cardiovascular disease, leukaemia, and haematological and neurological disorders, as well as rising healthcare costs and the presence of advanced healthcare infrastructure.

Increasing demand of blood transfusion and growing technological advancement are likely to aid in the market growth of the Blood Preparation.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Blood Preparation Market report.

Rising transmission of disease in blood preparation is set to create hurdles for the Blood Preparation Market.

Related Reports :

A. Blood Culture Tests Market
https://www.industryarc.com/Report/10633/blood-culture-tests-market.html

B. Blood Collection Tubes Market
https://www.industryarc.com/Report/15705/blood-collection-tubes-market.html

For more Lifesciences and Healthcare Market reports, please click here

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Source URL: https://marketersmedia.com/blood-preparation-market-size-estimated-to-reach-3670-million-by-2026/89037083

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Release ID: 89037083

Interspinous Spacers Market Size Estimated to Reach $123.2 Million by 2026

Increase in the Prevalence of Lumbar Spinal Stenosis Driving the Growth of Interspinous Spacers Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Interspinous Spacers Market size is estimated to reach $123.2 million by 2026, growing at a CAGR of 5.6% during the forecast period 2021-2026. Interspinous spacers are the devices that are implanted between vertebrae to help in preserving spinal motion. Interspinous spacers create more space for nerves and spinal cord without removing any bone, with less trauma to muscles, and less blood loss. Interspinous spacers are increasingly being adopted across the world owing to the growing demand for minimally invasive procedures across the world.

The rise in the prevalence of lumbar spinal stenosis in the elderly population, rise in the product launches by key players to reduce sciatica, increase in the demand for interspinous spacers for facet syndrome, and growing investment by the key players to develop advanced interspinous spacers are the factors that are set to drive the growth of the Interspinous Spacers Market for the period 2021-2026.

Interspinous Spacers Market Segment Analysis-By Application

The Interspinous Spacers Market based on the Application can be further segmented into Lumbar Spinal Stenosis, Degenerative Disc Diseases, and Others. The Lumbar Spinal Stenosis segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.4% over the period 2021-2026. This growth is owing to the factors such as the rise in the prevalence of lumbar spinal stenosis in the elderly population across the world and the growing demand for interspinous spacers for facet syndrome.

The growing investments by the key players in research and development activities for developing advanced interspinous spacers is driving the growth of the Interspinous Spacers Market. The Degenerative Disc Diseases segment held the second-largest share in 2020 owing to the factors such as the growing adoption of interspinous spacers for the treatment of degenerative disc diseases and the rise in the product launches by key players to reduce sciatica.

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Interspinous Spacers Market Segment Analysis-By End User

The Interspinous Spacers Market based on the End User can be further segmented into Hospitals and Clinics, Orthopedic Clinics, Ambulatory Surgical Centers, and Others. The Hospitals and Clinics segment held the largest share in 2020 owing to the factors such as the increase in the availability of cost-effective static and dynamic spacers in hospitals and the rise in the investment by the key players to develop advanced interspinous spacers.

The cost-effectiveness in hospitals for the treatment of various diseases are driving the growth of the Interspinous Spacers Market. The Ambulatory Surgical Centers segment is estimated to be the fastest-growing segment with a CAGR of 6.7% over the period 2021-2026.

Interspinous Spacers Market Segment Analysis-By Geography

North America held the largest Share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the prevalence of lumbar spinal stenosis in the elderly population and the increase in product launches by key players to reduce sciatica. The increasing adoption of interspinous spacers for the treatment of degenerative disc diseases is driving the growth of the Interspinous Spacers Market.

Interspinous Spacers Market Drivers

Increase in the Prevalence of Lumbar Spinal Stenosis

The rise in the prevalence of lumbar spinal stenosis across the world has propelled the demand for static and dynamic interspinous spacers owing to their ability to create more space for nerves and spinal cord in the spinal column without removing any bone. The interspinous spacers are becoming one of the best options for the treatment of lumbar spinal stenosis and degenerative disc diseases, which is one of the major factors driving the growth of the Interspinous Spacers Market.

Rise in the Adoption of Minimally Invasive Procedures

Many governments in developed nations are promoting the usage of minimally invasive procedures for the treatment of various spinal diseases owing to their massive demand. The rise in the product approvals of minimally invasive procedures by the Food and Drug Administration (FDA) for the treatment of lumbar spinal stenosis is further propelling the growth of the Interspinous Spacers Market.

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Interspinous Spacers Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Interspinous Spacers Market. Key companies of this market are Globus Medical Inc, NuVasive Inc, Life Spine Inc, Paradigm Spine, Medtronic, Johnson & Johnson, Boston Scientific, Zimmer Biomet, Mikai S.p.A, and Synthes GmbH among others.

Key Takeaways

Geographically, North America Interspinous Spacers Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of interspinous spacers for the treatment of degenerative disc diseases.

The increase in the demand for interspinous spacers for facet syndrome in developing nations is driving the Lumbar Spinal Stenosis segment. However, the increasing complications with lumbar spinal fusion in the elderly population with lumbar spinal stenosis is one of the major factors that is said to reduce the growth of the Interspinous Spacers Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Interspinous Spacers Market report.

B. Spinal Implants And Surgical Devices Market
https://www.industryarc.com/Research/Spinal-Implants-And-Surgical-Devices-Market-Research-501256

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Source URL: https://marketersmedia.com/interspinous-spacers-market-size-estimated-to-reach-1232-million-by-2026/89037166

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Release ID: 89037166

Self-Checkout Systems Market Estimated to Surpass $7.1 Billion Mark by 2026

Increase in the Ease of Medical Bill Payments and Other Payments in Healthcare Are Also Driving the Market for Self Checkout Systems Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

The global Self-checkout System Market is estimated to surpass $7.1 billion mark by 2026 growing at an estimated CAGR of more than 9.5% during the forecast period 2021 to 2026. Self-checkout systems market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for self service technology in the area of retail stores, healthcare and entertainment.

Increased retail stores and virtual shops along with this improved shopping experiences with contactless payments, labor shortage issues, biometric recognition, modernization in the stores, increasing labor costs and simplifying checkout process are some of the factors driving the market.

Self-Checkout System Market Segment Analysis – By Component

Self Checkout System Market is segmented based on the components into Hardware, Software and Services. Technological advancement has been the significant factor for the adoption of Hardware in the retail store rather than traditional checkout system. This Hardware offers benefits including cashless transactions, security-based features, high capacity coin dispensing systems, intuitive customer interface, and multi-item scanning. The services segment is expected to grow in the forecast period. This is due to its efficiency in providing the fast processing, easy integration with the system and the hardware.

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Self-Checkout System Market Segment Analysis – By Model

Based on the Model, the market is segmented into Standalone, Wall mounted/ Countertop, and Mobile. Wall mounted/ Countertops are the majorly used model in many of the retail stores and other stores, and have significant share in the market at 49.2% in 2020. These wall mounted models can be installed with less space wherein the case of standalone, it requires more space.

Self-Checkout System Market Segment Analysis – By Geography

Self-checkout system market is dominated by North America and is expected to have substantial growth in the forecast period at 7.7% through 2026. The increased demand and adoption in many retail stores such as supermarkets, hypermarkets is anticipated to drive the growth of market share. Increasing minimum wages for the employees is influencing the installation of self checkout systems all over the U.S region.

Self-Checkout System Market Drivers

Increased minimum wages for the labors

One of the major drivers of Self-checkout systems market is growing labour costs in many developed countries and the need to increase retail profitability which is further accelerating to the adoption of the self-checkout systems. Increased need for skilled staff, increased minimum wages for the labours significantly accelerating the challenges for the store owners for managing their expenses. This in turn increased adoption of self-checkout systems where the labour cost and other challenges have been reduced.

The outbreak of COVID-19 pandemic drives the market growth

Self checkout systems can help to reduce the risk of spread of diseases in many places by limiting accessibility to a wide number of users. Many businesses are using self-serving to minimize human-to-human encounters with most day-to-day activities by replacing the interaction with a human-to-machine interface. There are various ways that self checkout technologies can help battle COVID’19. Self checkout systems eliminate the need for person-to-person contact, help in maintaining user confidence and specialized systems to prevent transmission of the virus and spread of COVID’19. Self checkout machines with temperature recognition systems held at the doors of various stores/hotels help to test people based on their body temperatures and allow for those with normal temperature conditions to check in

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Self-Checkout System Market Challenges

Huge initial investment

Although Self-checkout systems have many advantages there are also some constraints that affect the market growth such as high initial investment for setting up the self checkout counter systems. Thi is particularly a hindrance for for the small business owners, where there is lack of awareness about the self checkout systems and who are facing difficulties in the approach for billing and payment.

Self-Checkout System Market Landscape

Companies such as Toshiba Global Commerce Solutions, Diebold Nixdorf, Inc., Fujitsu Ltd., NCR Corporation, ECR Software Corporation, ITAB Scanflow AB, Pan-Oston Corporation, DXC Technology, Slabb Inc., ShelfX Inc., and Pegasus Technologies

Acquisitions/Technology Launches/Partnerships

In December 2020, Jumbo Supermarkten selected NCR that run the store, to roll-out self-checkout solutions for its more than 680 retail stores in Holland and Belgium.

In October 2020, Amazon and Walmart’s New Checkout Systems and The Big Battle Coming At Retail Point-Of-Sale. Walmart is increasing the number of self-checkout and contactless lanes in over 1,000 stores in the next year.

In June, 2020, Walmart joined with Shopify to expand the marketplace and pilots self-checkout only stores the main goal is to see if the increased use of self-checkout will speed up purchases, while providing a safer experience for shoppers through less interaction.

Key Takeaways

The Self-checkout system market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of advanced technologies like contactless payment, modernized stores for easy and fast checkout process.

Retail industry is one of the major driving factors for the growth of the Self-checkout system market. Retail stores, hyper stores, shopping malls are the end user application that benefits from this market.

Self-checkout system market is dominated by North America and is expected to hold highest market share during the forecast period, 2021-2026.

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https://www.industryarc.com/Report/15103/self-service-kiosk-market.html

B. Retail Automation Market
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Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/self-checkout-systems-market-estimated-to-surpass-71-billion-mark-by-2026/89037046

Source: MarketersMedia

Release ID: 89037046

Esophagoscope & Gastroscope Market Size to Grow at a CAGR of 6.2% During the Forecast Period 2021–2026

Increasing Prevalence of Gastrointestinal Diseases is the Major Driving Force for the Esophagoscope & Gastroscope Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

The Esophagoscope & Gastroscope Market size was estimated at $876 million in 2020, projected to grow at a CAGR of 6.2% during the forecast period 2021-2026. Esophagoscopy and Gastroscopy are endoscopy procedures that analyze the mucosa of the esophagus, the stomach, and the duodenum. Esophagoscopy, focuses only on the esophagus, is not commonly used alone; instead, the entire upper gastrointestinal tract is examined. While Gastroscopy examines the stomach and duodenum, which is the first part of the small intestine.

Gastrointestinal cancer is a prevalent disease among Asian-Americans, with a prevalence rate of 48.8 per 1,000 hospitalizations, potentially boosting the demand for esophagoscopes and gastroscopes. Additionally, favorable reimbursement policies, in the developed nations and rising demand of minimally invasive surgeries is further anticipated to fuel the esophagoscopes and gastroscopes market growth. However, the allergic reactions and high cost associated with esophagoscopy & gastroscopy procedure could pose a threat to the market’s growth during the forecast period 2021-2026.

Esophagoscope & Gastroscope Market Segment Analysis- By Product Type

By Product, the Esophagoscope & Gastroscope Market is classified into Flexible, Rigid and Capsule devices. Flexible devices accounted for the largest share of the market and is predicted to expand at a steady CAGR of 5.7% over the forecast period 2021-2026, owing to medical professionals’ increasing preference for flexible endoscopes. Moreover technical advances, improved productivity and safety, offered by ergonomic and flexible endoscopes further drives the market growth. However Capsule product type, is anticipated to register significant growth owing Increasing risk of infections associated with the use of conventional reusable products.

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Esophagoscope & Gastroscope Market Segment Analysis – By End User

Based on End User, the global market is segmented as hospitals, speciality clinics, ambulatory surgical centers and others. The hospital segment accounted for major share of esophagoscope & gastroscope market in 2020. This is due to increased government and private support, as well as a growing preference among physicians and patients for endoscopic procedures to be performed in a hospital setting. Moreover, owing to favorable payment policies and widespread acceptance, the number of operations conducted in hospitals is higher than in other health-care settings.

However, ambulatory surgical centers is expected to grow at a faster CAGR of 8.7%. Some of the major factors supporting the demand for endoscopic surgeries or procedures in ambulatory surgical centers are the reduced time needed for endoscopy, the reduction in pain due to the advent of keyhole surgeries, and the reduction in recovery time.

Esophagoscope & Gastroscope Market Segment Analysis – By Geography

Based on geography, North America dominated the Esophagoscope & Gastroscope Market with a region share of 38.4% in 2020 followed by Europe and APAC. Increased geriatric population that are more prone to chronic disease and surgery along with increasing health concerns in this region are the major factors propelling the growth. Additionally, the presence of large number of esophagoscope & gastroscope device manufacturing company that invest heavily on the research and development of technologically advanced devices is further predicted to drive the market growth in this region.

Esophagoscope & Gastroscope Market Drivers

Increasing Prevalence of Gastrointestinal Diseases

The increased use of esophagoscopes and gastroscopes is primarily due to the increasing prevalence of gastrointestinal diseases. Gastrointestinal cancer is a prevalent disease among Asian-Americans, with a prevalence rate of 48.8 per 1,000 hospitalizations, indicating that the demand for esophagoscopes and gastroscopes will continue to increase. Other diseases, such as gastroesophageal reflux disease, gastrointestinal bleeding, stomach cancer, functional gastrointestinal diseases are also expected to increase demand for endoscopy procedures, which will drive demand for esophagoscopes and gastroscopes even higher.

Increase Cases of Minimally Invasive Surgeries

The demand for esophagoscopes and gastroscopes is expected to grow as a result of the ease with which minimally invasive procedures can be performed and the low risks associated with them. Globally, about 10 million minimally invasive procedures were performed. Endoscopic procedures accounted for 525,000 of these.

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Esophagoscope & Gastroscope Market Challenge

High Cost of the Product

Despite the increased prevalence of gastrointestinal diseases, there are some factors preventing product acceptance. The high cost of the procedure and minimal invasive surgeries is a major constraint to the market. Additionally, the allergic reactions and diseases, which is caused post the procedure are also limiting the adoption of these devices.

Esophagoscope & Gastroscope Market Landscape:

Key companies of this market are Olympus Corporation , Fujifilm Holdings Corporation , Hoya Corporation (PENTAX Medical), KARL STORZ GmbH & Co. KG , Teleflex Inc., Sonoscape Medical , Endomed Systems , Aohua, Smart Medical Systems and Medigus.

Developments:

In 2019, Olympus launched “PowerSpiral” a small intestine endoscopy system in Europe and Asia, including India and Hong Kong.

Key Takeaways

Geographically, the North America region held 38.4% of the total market share in 2020 owing to the increasing preference for minimally invasive surgeries and favorable reimbursement policies.

Increasing prevalence of gastrointestinal diseases is the major driving force for the Esophagoscope & Gastroscope Market during the forecast period 2021-2026.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the Esophagoscope & Gastroscope Market will be provided in the research report.

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https://www.industryarc.com/Research/Endoscopy-Devices-Market-Research-502022

B. Endoscope And Radiofrequency Ablation Market
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For more Lifesciences and Healthcare Market reports, please click here

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Name: Venkat Reddy
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Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/esophagoscope-gastroscope-market-size-to-grow-at-a-cagr-of-62-during-the-forecast-period-20212026/89037060

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Release ID: 89037060

Antinuclear Antibody Market Size to Grow at a CAGR of 12.3% During the Forecast Period 2021–2026

Increasing Prevalence of Autoimmune Diseases Is Driving the Growth of Antinuclear Antibody Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Antinuclear Antibody Market size is estimated at $1.3 billion in 2020, projected to grow at a CAGR of 12.3% during the forecast period 2021-2026. The Antinuclear Antibody (ANA) is a class of auto antibodies produced by a person’s immune system. Antinuclear antibody testing is majorly utilized to understand the auto-immune conditions including Systemic lupus erythematosus and rheumatoid arthritis.

Antinuclear Antibody Market Segment Analysis – By Test Type:

Based on Test Type, Indirect Immunofluorescence Assay accounted for the largest revenue market share in 2020 owing to its increased popularity as the gold standard for ANA research. Clinical preference grew as a result of the highly sensitive and fast test results compared to other techniques. Furthermore, their ability to recognize different patterns, such as nucleolar, speckled, and homogeneous, Systemic lupus erythematosus which indicate autoantibodies linked to diseases, is fueling the segment’s development and is expected to drive market growth. Enzyme-Linked Immunosorbent Assay (ELISA) segment is anticipated to grow with the fastest CAGR of 12.8% in the forecast period 2021-2026.

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Antinuclear Antibody Market Segment Analysis – Disease Indication:

Based on Disease Indication, Rheumatoid Arthritis accounted for the largest revenue market share in 2020 owing to the growth in elderly population who are suffering from rheumatoid arthritis around the world. Rheumatoid Arthritis is basically a inflammatory ailment which affects the eyes, skin, lungs, blood vessels and heart. When a patient’s immune system attacks its own body’s tissues, this disease develops. Arthritis affects about one out of every three people aged 18 to 64, according to the Arthritis Foundation. Systemic Lupus Erythematosus is projected to witness the fastest CAGR of 12.9% during the forecast period 2021-2026.

Antinuclear Antibody Market Segment Analysis – By Geography:

Based on Geography, North America Antinuclear Antibody Market accounted for the 36% revenue share in 2020 attributed to a number of factors, including an aging population that is more susceptible to infections due to reduced immunity, Systemic lupus erythematosus resulting in a high demand for early detection and successful care. According to a study published by the Centers for Disease Control and Prevention (CDC) in December 2019, GBS can affect people of any age group, but the prevalence of GBS is increasing in people over 65, necessitating a large demand due to the large geriatric population in the United States.

Antinuclear Antibody Market Drivers

The Increasing Prevalence Of Autoimmune Diseases:

Antibodies help to protect the body by boosting the immune system. Antinuclear antibodies that are detected in a body indicates that the body has an autoimmune ailment. Autoimmune ailments affect around 23.5 million Americans, according to the National Institutes of Health. In addition, according to Connect Immune Research, the costs of only three autoimmune disorders, namely type 1 diabetes, rheumatoid arthritis, Systemic lupus erythematosus and multiple sclerosis, total more than £13 billion a year in the United Kingdom aiding growth towards the Antinuclear Antibody Industry.

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Antinuclear Antibody Market Challenges

Dearth of Skilled Professional:

The Antinuclear Antibody Market is projected to be hampered by the constant rise in patient numbers, as well as the number of tests conducted with upgraded equipment, has made it difficult to find qualified clinicians who can conduct these tests. To a shortage of staff in the research units, the increasing amount of tests conducted cannot be met. According to the Bureau of Labor Statistics, the demand for lab jobs in the United States has increased by 13% in the last year. As a result, a shortage of qualified professionals disrupts the smooth operation of antibody testing and acts as a hindrance to its market development.

Antinuclear Antibody Market Landscape:

Antinuclear Antibody Market top 10 companies are Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., Antibodies, Inc., Inova Diagnostics, Zeus Scientific, Inc., Alere Inc., Bio-Rad Laboratories, Inc., ERBA Diagnostics, Inc., Trinity Biotech plc. and Becton Dickinson and Company.

Acquisitions/Product Launches:

In October, 2019, Becton Dickinson & Company launched BD Intevi 1mL, a two-step disposable autoinjector. It is a device which combines a pre-fillable syringe and an autoinjector in one integrated system. The BD Intevia 1mL’s architecture allows the pharmaceutical industry to use it for a wide range of drugs without having to change the device components. Combination products that are optimized can help to prevent problems caused by poorly integrated systems.

Key Takeaways

Antinuclear antibody (ANA) market growth is being driven by technological advances, adoption of new techniques, and the prevalence of various autoimmune diseases.

Geographically, North America Antinuclear Antibody Market held the largest revenue share of 36% in 2020 owing to the involvement of potential players who are developing innovative products, advances in medical device technology, high investments in R&D and support of government. In the final report, the scope of the Antinuclear Antibody Market for various regions will be given.

The Antinuclear Antibody Industry is expanding owing to enhanced R&D efforts by companies to develop quick, cost-effective, and new technology-based Antinuclear Antibody for the treatment of Rheumatoid Arthritis.

Infections caused by the Epstein–Barr virus, Campylobacter jejuni, and other bacteria are also expected to push the Antinuclear Antibody industry.

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https://www.industryarc.com/Report/19500/medical-devices-reimbursement-market.html

B. Antibody Production Market
https://www.industryarc.com/Research/Antibody-Production-Market-Research-504143

For more Lifesciences and Healthcare Market reports, please click here

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Source URL: https://marketersmedia.com/antinuclear-antibody-market-size-to-grow-at-a-cagr-of-123-during-the-forecast-period-20212026/89037073

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Release ID: 89037073

PetCareRx Founder – Blake Brossman – Reviews Drivers of Pet Medication Market Growth

Pet owner and Founder of PetCareRx, Blake Brossman, discusses the drivers of Pet Medication market growth.

LYNBROOK, NY – July 19, 2021 /MarketersMedia/ —

Despite the social and economic hardships caused by the global pandemic, this public health crisis has reinforced the conviction that animal companionship is essential for humans. Not only did pet adoptions surge after the introduction of lockdowns, but a recent Rover.com study also found that people who welcomed new pets into their homes derived enormous benefits. According to this report, “93% of people said their “pandemic pet” improved their mental and/or physical wellbeing in the last year, and over 80% said it made working from home and being at home during the pandemic more enjoyable.” Blake Brossman, founder of PetCareRx comments, “There is ample research indicating that pet ownership is a strong contributor to better overall health in people, as well as a facilitating factor for social interactions and community engagement. Since the number of pets keeps growing, and they are increasingly viewed as members of the family, the market for pet medications looks set to remain on a growth trajectory.”

Pet owners are determined to ensure optimal health and wellness for their animals, which makes them willing to spend on products that increase their pets’ length and quality of life, Blake Brossman notes. Advances in medicine have led to the development of cutting-edge treatments for serious diseases affecting animals, among those being cancer and arthritis. The availability of innovative and specialized pet medications supports the growth of this market segment, which is further driven by the rise in disposable incomes and the continued increase in pet adoption, Blake Brossman adds.

According to the American Pet Products Association (APPA), 84.9 million U.S. homes had a pet in 2020, or 67% of households in the country. In comparison, this proportion stood at 56% in 1988, the year when the APPA began its survey. The organization estimates that U.S. pet owners spent a total of $103.6 billion in 2020, up from $97.1 billion in 2019. The breakdown by category reveals that veterinary care and pharmaceutical products accounted for $31.4 billion of the overall expenditure. The APPA includes OTC medicines in a separate category along with pet supplies and sales of live animals (fish, birds, small animals, and reptiles), estimating that a total of $22.1 billion was spent on these in 2020. The association projects $109.6 billion in sales for the overall U.S. pet market in 2021, of which $32.3 billion is expected to come from vet care and product sales and $23.4 billion from supplies, live animals, and OTC medicines.

After losing his beloved Rottweiler Lou to cancer, Blake Brossman chose to abandon a promising career in public relations, advertising, and applied communication to dedicate himself to the pet care business. A seasoned retail industry professional, he channeled his experience and energy into PetCareRx, launching the company in 1998 and building it into a top U.S. provider of nutritional and pharmaceutical products for pets. Focused on quality at affordable prices, PetCareRx offers prescription and non-prescription medicines, pet accessories and apparel, cleaning and grooming products, toys, furniture, travel and outdoor gear, and training aids. It also provides pet nutrition, health, and wellness advice to customers through its in-house team of specialists and helps pet owners connect with local service providers.

PetCareRx – and its Founder Blake Brossman – on the Frontline of Helping Pet Parents Deal with the Impact of Lockdown: https://finance.yahoo.com/news/petcarerx-founder-blake-brossman-frontline-163000748.html

Blake Brossman of PetCareRx on Being Recognized for Customer Service Excellence by Newsweek/Statista: https://www.yahoo.com/entertainment/blake-brossman-petcarerx-being-recognized-230000737.html

Contact Info:
Name: Michelle Mherzai
Email: Send Email
Organization: PetCareRx
Address: 52 Merton Avenue, Lynbrook, NY 11563
Phone: 1-800-844-1427
Website: http://petcarerx.com

Video URL: https://www.youtube.com/watch?v=1IYYg2218vk

Source URL: https://marketersmedia.com/petcarerx-founder-blake-brossman-reviews-drivers-of-pet-medication-market-growth/89037236

Source: MarketersMedia

Release ID: 89037236

San Diego Legal Firm Breaking The Status Quo

Morse Injury Law is delighted to announce a dramatic policy change, which they believe will offer significant benefits for their clients, and potentially lead to increased settlements

San Diego, United States – July 19, 2021 —

Morse Injury Law, a leading personal injury law firm in San Diego, is delighted to announce a dramatic policy change, which they believe will offer significant benefits for their clients, and potentially lead to increased settlements. The owner and founder of the company Richard Morse has committed to personally handling every aspect of every case, from evaluation through settlement.

Morse Injury Law believes that each case deserves the undivided attention of an experienced personal injury attorney who gets results. That is why award-winning attorney Richard Morse personally handles every aspect of each case, from evaluation through settlement. Unlike at bigger law firms, cases will never get passed off to a newer attorney, because clients deserve better. Get your case the personalized attention it deserves, call Morse Injury Law today to have your case personally evaluated by Mr. Morse for free.

“I entered the legal profession to make a difference to people’s lives and to ensure that they achieved the justice they deserve,” said Richard Morse, owner and founder of Morse Injury Law. “The perceived wisdom amongst the legal community is to accept as many clients as possible, with certain cases being given to newly qualified attorneys to work on and learn their trade. I have decided that this is not how I want to run my business, as any client who comes to our firm has put their trust in me. That is why I have made the decision to personally evaluate and handle every aspect of every case that comes through our doors.

Richard Morse was trained by a former insurance defense attorney, and has intimate knowledge of how insurance companies evaluate claims and uses that knowledge against them to ensure his clients get the maximum compensation. Richard became passionate about representing plaintiffs after experiencing first-hand the tricks and tactics insurance companies and defense attorneys use to avoid paying the fair value of claims. He now works tirelessly on behalf of his clients to ensure they get what they deserve.

Morse Injury Law Firm is a locally owned and operated firm in San Diego. They provide representation on behalf of those injured by another person’s negligence or recklessness, including auto accidents, premises liability incidents, dangerous products, and more. They handle all types of personal injury claims related to motor vehicle collisions such as head trauma, spinal cord injuries, brain swelling or bruising of the brain tissue, whiplash, or other neck or back injuries that can be debilitating long-term. For more information about the company and to book a free consultation, visit their website at https://morseinjurylaw.com/

Contact Info:
Name: Richard Morse
Email: Send Email
Organization: Morse Injury Law
Address: 2831 Camino del Rio S #109, San Diego, CA 92108
Phone: (619) 684-3092
Website: https://morseinjurylaw.com/

Release ID: 89037246