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Bell’s Palsy Treatment Market

Segmentation by Diagnosis {Magnetic Resonance Imaging (MRI), Computed Tomography (CT) Scan, Positron Emission Tomography (PET) Scan, Electromyography, and Others}; by Treatment {Medications (Corticosteroids, Antiviral Drugs, and Others), Physical Therapy, and Surgery}; and by End-User (Hospital, Specialty Clinics, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3500 | Published On: Feb 08, 2023
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Global Bell’s Palsy Treatment Market Regional Synopsis

On the basis of geographical analysis, the global Bell’s palsy treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness substantial growth over the forecast period on the back of emergent healthcare infrastructure and improved medical facilities available in developing nations, such as, India, Bangladesh, and Indonesia. Moreover, lack of sanitation and health awareness is a major issue in developing countries, which can be a cause for viral infection. This is estimated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on account of high healthcare expenditure, presence of major pharmaceutical companies, and increasing research activities for the development of new drugs. According to the statistics by the World Bank, in 2018, North America spent USD 10,050.516 for the healthcare of every individual. The total healthcare expenditure accounted for 16.415% of the total GDP of North America.  

Bell’s Palsy Treatment Market

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The global Bell’s palsy treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Bell’s Palsy Treatment Market
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Major Macro-Economic Indicators Impacting the Market Growth
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Healthcare Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.


Market Segmentation

Our in-depth analysis of the global Bell’s palsy treatment market includes the following segments:

By Diagnosis

  • Magnetic Resonance Imaging (MRI)
  • Computed Tomography (CT) Scan
  • Positron Emission Tomography (PET) Scan
  • Electromyography
  • Others

By Treatment

  • Medication
  • Physical Therapy
  • Surgery

By End-User

  • Hospital
  • Specialty Clinics
  • Others

Growth Drivers

  • Increasing Incidences of Viral Infection
  • Poor Immunity and Unhealthy Lifestyle of People

Challenges

  • Lack of Health Awareness Amongst People
  • Circulation of Generic Drugs


Healthcare Expenditure
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Top Featured Companies Dominating the Market

    • Astellas Pharma Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • tVNS Technologies GmbH
    • Novartis AG
    • Sanofi-aventis Groupe
    • Abbott Laboratories
    • Merck & Co., Inc.
    • Siemens Healthcare GmbH
    • Pfizer Inc.
    • Eli Lilly and Company
    • BioControl Medical

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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Bell's palsy treatment market?

Ans: The increasing prevalence of viral infection due to poor immunity and unhealthy lifestyle is estimated to boost the market growth.

2) What would be the CAGR of Bell's palsy treatment market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the Bell's palsy treatment market growth?

Ans: The increasing circulation of generic drugs is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of Bell's palsy treatment market in future?

Ans: The market in the North America is estimated to witness growth with highest CAGR over the forecast period, owing to the high health awareness and advanced healthcare facilities in the region.

5) Who are the major players dominating the Bell's palsy treatment market?

Ans: The major players in the market are tVNS Technologies GmbH, Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, Merck & Co., Inc., Siemens Healthcare GmbH, Pfizer Inc., Eli Lilly and Company, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the Bell’s palsy treatment market?

Ans: The market is segmented by diagnosis, treatment, end-user, and by region.

8) Which segment captures the largest market size in treatment segment in the Bell’s palsy treatment market?

Ans: The medication segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.

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