Billion

medicine

Precision Medicine Market to Reach US$ 105.6 Billion by 2026, Globally |CAGR: 9.9%| UnivDatos Market Insights

NOIDA, India, Dec. 1, 2020 /PRNewswire/ — A comprehensive overview of the precision medicine market is recently added by UnivDatos Market Insights to its humongous database. The precision medicine market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. Furthermore, the precision medicine market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the precision medicine market at the global and regional levels. Global Precision Medicine Market is expected to grow at a CAGR of 9.9% from 2021-2026 to reach US$ 105.6 billion by 2026.

Market Overview

Precision medicine is known to be one of the most promising approaches for tackling the diseases that have thus far eluded effective treatments or cures. Several indications such as cancer, neurodegenerative diseases, and rare genetic conditions take an immense toll on individuals, families, and societies. Cancer is amongst the leading cause of mortality worldwide with an estimation of 9.6 million deaths in 2018. The most common cancers include lung (2.09 million cases), breast (2.09 million cases), colorectal (1.80 million cases), prostate (1.28 million cases), non-melanoma skin (1.04 million cases), stomach (1.03 million cases).

The rising demand for preventive care and advances in next-generation sequencing (NGS) technologies have resulted in an unprecedented proliferation and deluge of genomic sequence data, thereby driving the market growth of the precision medicine sector. In the last 15 years, the cost of mapping a human genome has fallen from US$ 100 million to below US$ 1,000, allowing the use of data from patient DNA to become a significant viable method to provide precise, actionable recommendations before symptoms occur. The growth of the industry is also fueled by scientific discovery, alignment of incentives, regulatory decisions, consumer interest and demand, and advances in technology. The growth of the market for precision medicine is also supported by the increasing patient adherence to treatment and rising prevalence of oncology indications.

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Impact of COVID-19:

As the pandemic is spreading rapidly, clinicians treating COVID-19 are in desperate need of effective therapy, as the development of an effective vaccine remains a remote possibility. Given the urgent nature of the pandemic and the number of companies and researchers developing COVID-19 related therapies, there are more than 560 drug development programs in the pipeline with over 370 trials been reviewed by FDA. For instance, Boehringer Ingelheim initiated a Phase II study of BI 764198, a TRPC6 inhibitor to alleviate the damage to the lung and decrease the risk or severity of acute respiratory complications in patients hospitalized for COVID-19.

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Global Precision Medicine Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Technology, the market is primarily bifurcated into

  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion
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fitness

At a CAGR of 10.1% Lateral Fitness Equipment to Reach $10.7 Billion by 2027

(MENAFN – EIN Presswire) https://img.einpresswire.com/large/167817/lateral-fitness-equipment-marke.jpeg#790×466

Lateral Fitness Equipment Market

Market to witness significant growth due to introduction of high-tech technology such as television screen, CSAFE connectivity, iPod compatibility, sound system

Surge in number of gym memberships, rise in sale of in-home equipment, upsurge in urban population & increase in government initiatives to promote healthy life is further boost the overall revenue. — SwatiPORTLAND, OR, UNITED STATES, December 1, 2020 /[To enable links contact MENAFN] EINPresswire.com/ — According to a new report published by Allied Market Research, titled, ‘[To enable links contact MENAFN] Lateral Fitness Equipment Market by Type, Body Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020–2027,’ the global lateral fitness equipment market size was valued at $5.4 billion in 2020, and is projected to reach $10.7 billion by 2027, registering a CAGR of 10.1% from 2020 to 2027. Lateral fitness equipment is any machine or device required for physical exercise to manage overall weight, improve physical stamina, and develop muscular strength. Lateral fitness equipment market demand has increased globally, due to increase in health awareness. In addition, physical exercise is advised during certain medical treatments. The most commonly used lateral fitness equipment include treadmills, elliptical, stationary bicycles weightlifting machines & strength building machines, and others.Increase in health awareness and rise in need for active, healthy lifestyle across the world majorly boost the growth of the lateral fitness equipment market. Sedentary lifestyle and changes in eating habits have led to increase in health risks. Therefore, increase in awareness toward regular physical activities to maintain healthy lifestyle fuels the growth of the lateral fitness equipment market.

Moreover, availability of smart gym equipment has made the lateral fitness exercises interesting and entertaining. Smart gym equipment is a type of equipment that is connected to an app that records workouts and also displays the data about workout. These connected gym equipment are linked to the internet and record all data such as workout goals, nutritional habits, and health history through cloud based data. This data helps in creating a personalized exercise plan and also track the workout. Furthermore, implementation of technologies like IoT and AI in lateral fitness equipment help connect the machines with smartphone, which also augment the growth of lateral fitness equipment market. In addition, treadmills, elliptical, and stationary bikes are the most popular high-tech lateral fitness machines owing to the presence of television screens, Bluetooth connectivity, iPod compatibility, sound system, CSAFE connectivity and other features. Thus, increase in implementation of high-tech features is anticipated to provide lucrative lateral fitness equipment market opportunity and eventually increase its customer base.

Download PDF Sample Report @ [To enable links contact MENAFN]

The number of social media users has increased considerably with rise in internet penetration. Taking this into consideration, most of the key players in the lateral fitness equipment market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and

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fitness

Global fitness app market size valuation to reach USD 15.96 billion by 2026

Selbyville, Delaware, Nov. 24, 2020 (GLOBE NEWSWIRE) — As per reliable estimates, worldwide fitness app market size is predicted to reach USD 15.96 billion mark by 2026. Rising concerns associated with unhealthy habits, evolving consumer lifestyle, and growing obese population are some of the key factors propelling the market expansion.

The study elaborates on several market segmentations including app type, device type, OS platform type, and regional outlook. Additionally, the document conducts a thorough SWOT analysis of various companies operating in this business sphere.

The research report also analyzes the impact of COVID-19 outbreak on industry expansion graph and valuation in the ensuing years, further allowing for advanced decision-making during investment assessment.

Request Sample copy of this Report @https://www.marketstudyreport.com/request-a-sample/1695317/

The surge in obese population coupled with rising adoption of sedentary lifestyle have resulted in increased pervasiveness of diseases such as hypertension and diabetes. In addition to this, rising per capita income along with increasing awareness pertaining to health and nutrition are stimulating the overall industry outlook.

According to industry analysts, the number of gym and health club memberships has significantly increased in the recent past. Additionally, rising smartphone penetration, widespread adoption of mobile devices, and easy accessibility to high-speed internet are positively impacting the remuneration scale of global fitness app market.

Availability of numerous types of fitness apps such as Sweat: Kayla Itsines Fitness and Runstatic coupled with high concentration of companies are also facilitating the business scenario. In 2015 for instance, Adidas acquired the Austrian company Runstatic in order to improve its overall market share. Thus, focus among major companies towards expanding their product portfolio through innovative launches and strategic collaborations are aiding the expansion of global fitness app market.

Highlighting the regional outlook

Global fitness app industry is bifurcated into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. According to authentic estimations, North America is expected to capture majority market share by the year 2026.

Growing population and surging disposable income are favoring the regional market outlook. Moreover, widespread adoption of sedentary lifestyle and rising health concerns have augmented the demand for fitness apps, which in turn is positively swaying the business dynamics in North America.

Meanwhile, Asia-Pacific fitness app market is set to record the highest CAGR through 2026. Factors such as growing purchasing power, rising health cognizance, high concentration of fitness centers, and increasing smartphone penetration have allowed Asia-Pacific to emerge as a major revenue generator for worldwide fitness app market.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/fitness-app-market-share-size-trends-industry-analysis-report-by-app-type-fitness-and-activity-tracking-diet-and-nutrition-by-device-type-smartphones-tablets-wearable-devices-by-gender-by-os-platform-by-region-segment-forecast-2018-2026

Global Fitness App Market by App Type (Revenue, USD Billion, 2015-2026)

  • Medication Adherence
  • Lifestyle Management
  • Nutrition & Diet
  • Disease Management
  • Workout & Exercise Apps

Global Fitness App Market by Device Terrain (Revenue, USD Billion, 2015-2026)

  • Wearable Devices
  • Tablets
  • Smartphones

Global Fitness App Market by OS Platform (Revenue, USD Billion, 2015-2026)

Global Fitness App Market Regional Outlook (Revenue, USD Billion, 2015-2026)

North America

Europe

  • Netherlands
  • Russia
  • Belgium
  • Spain
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fitness

North America Fitness Equipment Market Size to Cross USD 6 Billion by 2026

Pune, Maharashtra, November 19 2020 (Wiredrelease) Graphical Research :According to the Graphical Research new growth forecast report titledNorth America Fitness Equipment MarketShare is set to Outpace USD 6 billion by 2026. Advanced technology landscape in North America will support the adoption of digitally connected gym equipment. There is a growing trend of connected fitness experience with several companies incorporating digital technologies in machines. Developments in technologies, such as cloud, AI, and wearable technology, will encourage people to adopt modern exercise techniques that enable immersive workout experiences. In October 2019, Nautilus launched a digital platform JRNY that uses AI to offer customized workouts, adjusting automatically with the user.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1409/sample

The ongoing coronavirus pandemic will negatively impact the North America fitness equipment market. The temporary closure of gyms and health clubs with the lockdown imposed by government organizations in the first quarter of 2020 has hampered the demand for fitness machines. With relaxations in the lockdown rules followed by the reopening of gyms, the fitness equipment industry will regain traction. With the increasing awareness about health immunity during the health crisis, there will be a demand for the equipment from fitness enthusiasts working out from their homes.

The demand for robust strength training equipment for bone health and enhanced joint flexibility will support North America fitness equipment market growth. The American Heart Association recommends strength training at least twice a week. Strength equipment enables to increase bone density and reduces the risk of fractures. It also helps to maintain flexibility in joints and reduce the symptoms of arthritis. Several companies are launching enhanced strength training equipment to enhance their product landscape. In March 2018, Matrix Fitness launched a training console that offers a guided training experience and facilitates strength training for new learners.

Companies including Google, Microsoft Corporation, and Intel Corporation are incorporating gyms in their infrastructure and have well-equipped fitness centers. Corporate offices integrate gyms into their campus to enhance employee productivity and ensure their health wellbeing. Retro Fitness is a health club franchise with around 120 locations across the U.S. They have a corporate sponsored wellness program that collaborates with companies, enabling them to integrate gyms into the work environment to boost employee productivity.

The growing trend of health club memberships in the U.S. will surge the demand for high-quality fitness equipment. According to IHRSA, gym memberships surpassed 62 million in 2018, an increase of 2.6% from the statistics in 2017. Gym memberships ensure a consistent exercise routine, ensuring enhanced fitness. Several fitness centers also offer discounts on memberships to maintain long-term contracts with new customers and retain the existing consumers. The rise in the number of memberships will encourage health club owners to equip their facilities with high-end machines, boosting fitness equipment market growth.

Major players in the market include Technogym S.p.A., Icon Health Fitness Inc., Johnson Health Tech, Fitness EM LLC., Amer Sports Corporation, Nautilus Inc., Torque Fitness, and True Fitness. Players are focusing on integrating advanced technologies into their

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fitness

North America fitness equipment market valuation to surpass USD 6 billion by 2026

Selbyville, Delaware, Nov. 18, 2020 (GLOBE NEWSWIRE) — According to industry experts, North America fitness equipment market size is projected to exceed USD 6 billion by the year 2026. Rising adoption of digitally connected gym equipment facilitated by the presence of an infrastructure well-equipped with the state-of-art technology is accelerating the industry growth in the region.

Proceeding further, the research literature sheds light on the industry segments including equipment type, end-use scope, and geographical bifurcation. It extends a detailed account of the leading industry players and evolving competitive landscape. In addition, the study hosts cases studies on the impact of Covid-19 and predicts its aftereffects for a stronger realization of the growth potential.

Moreover, rising focus among several companies towards providing a connected and immersive fitness experience by integrating digital technologies in machines, along with advancements in AI, cloud, and wearable technology is augmenting North America fitness equipment industry growth. For instance, Nautilus Inc., a US-based fitness equipment manufacturer, in October 2019, launched a digital platform JRNY that utilizes AI to offer customized workouts by automatically adjusting to the user behavior.  

Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/2940399/

Besides, increasing discounts on membership subscription for ensuring long-term contracts with new customers as well as existing consumers is positively impacting the business outlook.

Covid-19 impact:

The implications of Covid-19 outbreak have rippled across all sectors; however, fitness industry has been severely affected by the pandemic. The temporary closure of all non-essential businesses, including gyms and health clubs, as mandated by the government in Q1 of 2020 has disrupted the supply-demand chain for fitness machines, thereby hindering North America fitness equipment market expansion.

On the bright side, relaxations in lockdown rules and slow reopening of gyms is likely to rejuvenate the industry in the near-future. Besides, with growing awareness regarding health and immunity during these uncertain times, the central factor for people is to maintain and boost their health at home, which is likely to propel the demand for fitness equipment.

Equipment type overview:

North America fitness equipment market from strength training segment is likely to gain considerable traction in the upcoming years. Strength training equipment aids in increasing bone density, ultimately reducing the risk of fractures. Moreover, it allays the fear of arthritis by ensuring flexibility of joints. These health benefits coupled with new product launches are boosting the segmental share.

End-use scope:

Corporates offices are slated to contribute significantly to North America fitness equipment industry remuneration with major organizations like Google, Microsoft, and Intel incorporating gyms in their infrastructure in an effort to raise employee productivity and ensure their wellbeing.

For the record, Retro Fitness, a health club franchise present in about 120 locations across the U.S., boast of a corporate sponsored wellness program that works with companies to integrate gyms in office premises. Such programs and initiatives between corporates and equipment providers will propel the segment growth in the upcoming years.

To access a sample copy or view this report in detail along with the table of contents,

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medicine

Global Precision Medicine Market Size to Worth USD 86.77 billion by 2025

Precision Medicine Market Size

As per the report published, the size of the global Precision Medicine Market is forecasted to worth USD 86.77 billion by the end of 2025, registering a CAGR of 11.5% from 2020 to 2025.

Key Market Drivers:

The significant factor driving the growth of the global precision medicine market is the advancements in the technology in completing a sequence of the human genome and thus helping in the production of precision medicines. Precision medicine has many advantages, like providing efficient treatment customized to patients’ needs and categories of disease. Precision medicine usage reduces the overall cost of the treatment as the usage is less due to more efficiency. Another driving factor is that the use of precision medicines can help decrease the administration of medications. The increasing government and private initiatives to increase awareness among people will boost market growth further.

Browse TOC and other details of the global precision medicine market research report that spread through 160 pages @ https://www.marketdataforecast.com/market-reports/precision-medicine-market

Significant Challenges:

The key factor restraining the global precision medicine market growth is the high diagnostic cost associated with the usage of precision medicines. Other negatively influencing factors are potential threats to personal data and stringent regulations and standards. Lack of awareness among people regarding the functions of precision medicine will hinder the market growth in the future.

Impact of COVID-19 on the global precision medicine market:

COVID-19 has positively impacted the precision medicine market. Precision medicine can effectively help in the treatment of coronavirus if more research and development is done by private and government companies to find the cure. The increasing research and development being done due to increasing government initiatives to find the cure as soon as possible have positively impacted the development side of this medicine. The precision medicines can also be used to treat and manage the symptoms of other diseases whose symptoms get elevated due to coronavirus. Increasing collaborations between government and private market players to develop a cure as soon as possible has opened new doors for the development of the precision medicine market.

Avail free sample brochure of the report to evaluate the usefulness, ask a copy @ https://www.marketdataforecast.com/market-reports/precision-medicine-market/request-sample

This research report on the global precision medicine market has been segmented and sub-segmented based on the cell type, technique, application, end-user, and region.

By Technology:

  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion Diagnostics

By Application:

  • Oncology
  • CNS
  • Immunology
  • Respiratory
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, North America is estimated to dominate the global precision medicine market during the forecast period. The main factor driving the growth of this region is the advancement in gene mapping technology in this region. The increasing geriatric population and the increasing prevalence of chronic diseases around the world are other major markets boosting factors. The overall development of healthcare services is responsible for the increasing growth rate.

The European region had the second-largest market share in 2019 and is expected

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health

Marijuana legalization measures in 5 states could grow industry by $9 billion

The once widely controversial issue of marijuana legalization has been decidedly eclipsed by this year’s divisive presidential race, though voters in five states are being asked to weigh in on legalization. Recreational or medical use, or both, are on the ballot in Arizona, Mississippi, Montana, New Jersey, and South Dakota.

This year’s elections have marijuana legalization likely pushing into additional U.S. states that could grow the industry’s size by $9 billion, according to cannabis market firm New Frontier Data.

Arizona — Proposition 207

Voters who say “yes” to Proposition 207 in Arizona will support legalized recreational marijuana use for those 21 and older, along with a 16% excise tax on the drug. Voters who say “no” to the measure will support keeping the state as one that permits medical use, yet outlaws recreational use and possession.

Mississippi — Ballot Measure 1, Initiative 65 & Initiative 65A

Mississippi voters this election are being asked to weigh in on medical marijuana legalization options. Recreational use remains illegal in the state and is not up for consideration. As a first step, under Ballot Measure 1, voters must decide to either support or outlaw medical use.

Initiative 65 and Initiative 65A are additional issues voters are being asked to weigh in on, should Ballot Measure 1 pass. A “yes” vote for Initiative 65 would limit medical use for treatment of specific medical conditions, as well as cap quantities that patients could possess at 2.5 ounces, whereas 65A would permit broad medical use and possession, without limitations.

Graphic Credit: David Foster
Graphic Credit: David Foster

Montana — I-190

Adult recreational use is on Montana’s ballot under the Marijuana Legalization Initiative, or I-190. A “yes” vote to the measure would legalize recreational purchase and use for those 21 and older. Possession of the drug would be capped at 1 ounce, or less than 8 grams of concentrate.

New Jersey — Question 1

Adult recreational use is also on the ballot in New Jersey after efforts to legalize recreational use failed in the state legislature. Voters who cast a “yes” vote to Question 1 will support amending the state’s constitution to permit those who are 21 and older to use and possess marijuana, as well as to permit marijuana to be cultivated, processed, and sold in New Jersey. 

South Dakota — Constitutional Amendment A & Measure 26

Voters in South Dakota will consider both recreational and medical marijuana use. Those who vote in favor of Constitutional Amendment A will support amending the state’s constitution to legalize recreational use, as well as possession and distribution of up to one ounce of the drug, for those 21 years old and older.

The measure, if adopted, would also require the state legislature to draft and pass new laws to establish a state medical marijuana program by no later than April 1, 2022. Measure 26, separately, would require the state to form a medical marijuana program for limited use and possession for people afflicted with a debilitating medical condition.

Read more:

Prop 22

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medicine

Sports Medicine Market Size To Grow USD 10.67 Billion by 2025

The MarketWatch News Department was not involved in the creation of this content.

Sports Medicine Market Size

Nov 03, 2020 (Market Insight Reports) —
According to the report published, the size of the global sports medicine market is forecasted to worth USD 10.67 Billion by the end of 2025, registering a CAGR of 8.1% from 2020 to 2025.

Key Market Drivers

The significant factor contributing most to the market growth is growing cases of sports injuries due to the increasing population and rising awareness about the benefits of playing sport. Technological advancement in sports medicine equipment is the key to the development of this market during the forecast period. The growing focus of private and government institutions to build better sports infrastructure will boost the growth of the sports medicine market. The increasing scholarships and corporate funds for the development of players will positively influence the market. A shift from proactive to preventive care for sports injuries is further expected to drive the market for sports medicine over the forecast period.

Browse TOC and other details of the global sports medicine market research report that spread through 160 pages @https://www.marketdataforecast.com/market-reports/sports-medicine-market

Significant Challenges

The key factor hindering the growth of the market is the rise in product recalls related to sports medicine equipment. The lack of healthcare infrastructure at some places due to low awareness and fewer government initiatives is also restraining the market growth. A lack of sporting culture and the high cost of medicines are also factoring responsible for the slow development of sports medicine in some countries.

Impact of Covid-19 On the Global Sports Medicine Market:

COVID-19 is expected to negatively impact the market during the forecast period. The surge in cases of positive corona cases all across the world has forced the governments to impose the lockdown to restrict the virus spread. This halted the sports-related activities for approximately eight months and severely impacted the revenue of the sports medicine market. As the restrictions are getting lifted, we can see more sports-related activities like football and cricket and thus increasing the demand for sports medicine products. However, the fear of the second wave of coronavirus may lead to stricter lockdown in many countries and negatively impacting the market growth rate.

Avail free sample brochure of the report to evaluate the usefulness, ask a copy @ https://www.marketdataforecast.com/market-reports/sports-medicine-market/request-sample

This research report on the global sports medicine market has been segmented & sub-segmented into the following categories:

By Product:

  • Reconstruction and Repair
    • Implants
    • Prosthetics
    • Arthroscopy Devices
    • Fracture and Ligament Repair Products
    • Orthobiologics
  • Support and Recovery
    • Braces and Support
    • Thermal Therapy Products
    • Topical Pain Relief Products
    • Compression Clothing
    • Monitoring Devices
    • Other Body Support and Recovery Products
  • Accessories

By Application:

  • Head Injuries
  • Shoulder Injuries
  • Elbow and Wrist Injuries
  • Back and Spine Injuries
  • Hip and Groin Injuries
  • Knee Injuries
  • Foot and Ankle Injuries

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

North America dominated the global sports medicine market in terms of revenue in 2019 and is

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health

Voters asked to approve $5.5 billion for stem cell research

LOS ANGELES (AP) — The future of California’s first-of-its-kind stem cell research program is in the hands of voters, who will decide whether it deserves a $5.5 billion infusion of borrowed bond money to keep functioning.

A yes vote on Proposition 14 on Tuesday’s ballot would approve such a bond sale, bailing out the California Institute for Regenerative Medicine, which was created by a similar $3 billion bond measure in 2014 but is now nearly broke.

With dozens of clinical trials involving the use of stem cells to treat cancer, Alzheimer’s disease, Parkinson’s disease, paralysis, autoimmune diseases and other conditions underway at universities across California, supporters say it is crucial to keep that money flowing.


“Trials that use human embryonic derived stem cells to treat diabetes, to treat blindness and to treat spinal cord injury, those trials are early but already showing signs of patient benefit,” said professor Larry Goldstein, who directs the stem cell research program at the University of California, San Diego. “Losing those trials would be a terrible tragedy for those patients.”

Opponents say the state simply can’t afford to take on that kind of debt during a pandemic-induced economic crisis. What’s more, they say, there isn’t as much need for California to bankroll stem cell research now that the federal government and private investors have turned their attention to it.

“We built something good, but I think the field has expanded and there’s plenty of money going into research in California now,” said Jeff Sheehy, who sits on the governing board of the California Institute for Regenerative Medicine but says the state can’t afford to borrow more bond money to support it.

When voters approved the initial $3 billion in 2004, President George W. Bush’s administration had banned the use of federal funds for research using newly created human embryonic stem cell lines. The Obama administration lifted that ban in 2009.

Since then, opponents say, the National Institutes of Health has provided $1.5 billion a year in stem cell research money, while private investment in companies doing stem cell research has flowed in.

Supporters say that federal money could stop at any time, noting more than 90 members of Congress recently signed a letter demanding the Trump administration put an end to funding stem cell research.

More than a third of the initial $3 billion was spent to create stem cell research facilities at Stanford, the University of California, Berkeley, and other prestigious California institutions. Much of the rest has gone toward research.

With only about $30 million left, the California Institute for Regenerative Medicine has reduced its staff and stopped funding new studies.

If Proposition 14 passes, at least $1.5 billion would be earmarked for developing treatments for Alzheimer’s, Parkinson’s and other brain-related diseases. Some funds would be used to train California university and college students, and no more 7.5% could be used for administrative costs.

The state Legislative Analyst’s Office estimates that paying off the bonds with interest over 30 years would cost $7.8

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medicine

Global Sports Medicine Market Size To Worth USD 10.67 Billion by 2025

Sports Medicine Market Size

According to the report published, the size of the global sports medicine market is forecasted to worth USD 10.67 Billion by the end of 2025, registering a CAGR of 8.1% from 2020 to 2025.

Key Market Drivers

The significant factor contributing most to the market growth is growing cases of sports injuries due to the increasing population and rising awareness about the benefits of playing sport. Technological advancement in sports medicine equipment is the key to the development of this market during the forecast period. The growing focus of private and government institutions to build better sports infrastructure will boost the growth of the sports medicine market. The increasing scholarships and corporate funds for the development of players will positively influence the market. A shift from proactive to preventive care for sports injuries is further expected to drive the market for sports medicine over the forecast period.

Browse TOC and other details of the global sports medicine market research report that spread through 160 pages @  https://www.marketdataforecast.com/market-reports/sports-medicine-market

Significant Challenges

The key factor hindering the growth of the market is the rise in product recalls related to sports medicine equipment. The lack of healthcare infrastructure at some places due to low awareness and fewer government initiatives is also restraining the market growth.  A lack of sporting culture and the high cost of medicines are also factoring responsible for the slow development of sports medicine in some countries.

Impact of Covid-19 On the Global Sports Medicine Market:

COVID-19 is expected to negatively impact the market during the forecast period. The surge in cases of positive corona cases all across the world has forced the governments to impose the lockdown to restrict the virus spread. This halted the sports-related activities for approximately eight months and severely impacted the revenue of the sports medicine market. As the restrictions are getting lifted, we can see more sports-related activities like football and cricket and thus increasing the demand for sports medicine products. However, the fear of the second wave of coronavirus may lead to stricter lockdown in many countries and negatively impacting the market growth rate.

Avail free sample brochure of the report to evaluate the usefulness, ask a copy @ https://www.marketdataforecast.com/market-reports/sports-medicine-market/request-sample

This research report on the global sports medicine market has been segmented & sub-segmented into the following categories:

By Product:

  • Reconstruction and Repair
    • Implants
    • Prosthetics
    • Arthroscopy Devices
    • Fracture and Ligament Repair Products
    • Orthobiologics
  • Support and Recovery
    • Braces and Support
    • Thermal Therapy Products
    • Topical Pain Relief Products
    • Compression Clothing
    • Monitoring Devices
    • Other Body Support and Recovery Products
  • Accessories

By Application:

  • Head Injuries
  • Shoulder Injuries
  • Elbow and Wrist Injuries
  • Back and Spine Injuries
  • Hip and Groin Injuries
  • Knee Injuries
  • Foot and Ankle Injuries

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

North America dominated the global sports medicine market in terms of revenue in 2019 and is expected to be in the same spot during the forecast period.  The presence of well-developed healthcare infrastructure, along with technologically

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