Blockchain
Tendonitis Treatment Market Size Worth $235.4 Billion By 2028: Grand View Research, Inc.
The global tendonitis treatment market size is expected to reach USD 235.4 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.8% from 2021 to 2028. Individuals are proactively participating in sporting or physical activities and the probability of sports-related injuries occurring is rising, thereby contributing to the market development and growth. The growing global geriatric population is susceptible to tendonitis or could be suffering from bone disorders, osteoporosis, rheumatoid arthritis, diabetes, and osteoarthritis. Constant innovation of technologies and therapies in treating tendonitis is contributing to the growth. Supportive government initiatives and significant investments and collaborations amongst key players to expand product offerings are boosting the market growth.
Key Insights & Findings:
- The market is expected to grow well over the forecast period owing to the increasing prevalence of tendonitis and the introduction of new and innovative therapies
- The therapy segment dominated the market in 2020 due to the rising occurrence of sports injuries and rising awareness levels towards non-pharmacological therapies and easy availability
- The Achilles tendonitis segment dominated the market in 2020 due to the high occurrence of the medical condition in both competitive and recreational sports players
Read 120 page market research report, “Tendonitis Treatment Market Size, Share & Trends Analysis Report By Treatment, By Condition (Tennis Elbow, Golfer’s Elbow, Pitcher’s Elbow, Jumper’s Knee, Swimmer’s Shoulder), By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research
Over the past years, the growing reliance on technologies in mapping various factors concerning sports, such as performance assessment, training modules, and sports injuries tracking and monitoring. The shift from proactive to preventive therapies is proving to be beneficial in improving the health status of sports players to prevent injuries. Sporting and physical activities are witnessing significant participation, and this paves way for possibilities of incurring sports injuries. As per Standard Children’s Health, in 2018, out of 30.0 million children and adolescents participating in sports in the U.S., approximately 3.5 million incur some form of sports injury. Furthermore, nearly 775,000 children and adolescents are treated for sports-related injuries in the U.S. every year. Thus, increased participation in sporting activities coupled with the growing adoption of treatment facilities is expected to boost market growth over the forthcoming years.
The key players are increasingly investing in the development of new innovative products to upgrade their product portfolios. The companies are developing products to cater to the growing incidences of sports injury in both competitive and recreational sports players. Market leaders are implementing strategic decisions to gain a competitive edge in the market. Key players are focusing on strengthening their business position in both developed and emerging economies, focusing on product innovation, and supplement organic growth through acquisitions. For instance, in March 2019, Stryker acquired OrthoSpace Ltd. to expand its existing sporting medicine and therapy segment.
The emergence of the Covid-19 pandemic has altered the methods of care delivery in treating tendonitis. Due to the temporary lockdowns, travel restrictions, and high infection load in the healthcare facilities, the market has been negatively impacted. The shortage of skilled healthcare personnel treating tendonitis has restrained the development and growth of the pandemic. Cancellation or postponement of sports injuries implies a decline of sports injuries, which eventually negatively influences the business revenue earnings. The decline in non-pharmacological therapies and surgeries is hindering the market growth.
Grand View Research, Inc. has segmented the global tendonitis treatment market on the basis of treatment, condition, and region:
- Tendonitis Treatment Outlook (Revenue, USD Million, 2016 – 2028)
- Therapy
- Hot and Cold Therapy
- Physical Therapy
- Shockwave Therapy
- Surgery
- Therapy
- Tendonitis Treatment Condition Outlook (Revenue, USD Million, 2016 – 2028)
- Tennis Elbow
- Golfer’s Elbow
- Pitcher’s Elbow
- Jumper’s Knee
- Swimmer’s Shoulder
- Achilles Tendonitis
- Tendonitis Treatment Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- Italy
- France
- Russia
- Asia Pacific
- Japan
- China
- India
- Singapore
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- North America
List of Key Players of Tendonitis Treatment Market
- Merck and Co., Inc.
- AstraZeneca
- Boehringer Ingelheim Pharmaceuticals, Inc.
- Abbott
- Pfizer
- Bayer AG
- GlaxoSmithKline PLC
- Almatica Pharma, Inc.
- Teva Pharmaceuticals Industries
Check out more studies related to bone disorders, their diagnostics & treatment, conducted by Grand View Research:
- Orthopedic Biomaterials Market – The global orthopedic biomaterials market size was valued at USD 11.96 billion in 2018 and is anticipated to expand at a CAGR of 10.3% over the forecast period. Increasing incidence of musculoskeletal ailments and chronic skeletal conditions is boosting the product demand, thereby augmenting the market growth.
- Orthopedic Regenerative Surgical Products Market – The global orthopedic regenerative surgical products market size was valued at USD 3.4 billion in 2020 and is estimated to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. Growing technological advancements, the prevalence of arthritis and other orthopedic conditions, orthopedic surgeries, and R&D activities are some of the key drivers of this market.
- Rheumatoid Arthritis Therapeutics Market – he global rheumatoid arthritis therapeutics market size was valued at USD 20.3 billion in 2016. The market is anticipated to expand at a CAGR of 4.6% over the forecast period. Increasing prevalence of arthritis, growing acceptance of biopharmaceuticals, and the presence of well-defined regulatory guidelines in developed economies are among the key trends expected to trigger market growth.
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
Blockchain
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (“QeM” or the “Company”) is pleased to announce the submission of a PCT patent application for an innovative approach to operating Blockchain Wallet, harnessing the unmatched security provided by the QeM Quantum Random Number Generator (QRNG2).
Hardware wallets stand as robust physical fortresses, safeguarding the private keys essential for accessing and managing cryptocurrencies such as Bitcoin or Ethereum. By storing private keys offline, these devices fortify themselves against cyber threats and hacking attempts, presenting a notable advantage over internet-connected software wallets.
Cryptocurrency wallets, including blockchain wallets, heavily rely on large series of numbers known as keys. Various schemes exist for generating these keys, such as ND and HD, each with its own advantages and drawbacks. However, when providing a blockchain wallet to an unfamiliar user, adapting the key generation scheme to the user’s specific usage type becomes challenging, often resulting in mismatches between the key generation schemes and the users. Quantum eMotion’s technology addresses these challenges by offering a wallet that intelligently selects the key generation scheme based on a comparison of cost values of different key generation schemes. Furthermore, by leveraging Quantum eMotion’s QRNG technologies, a blockchain wallet that combines the benefits of true random number generation with intelligent key generation scheme selection can now be made accessible to consumers, offering an unprecedented level of functionality.
Quantum eMotion’s technology, developed in collaboration with Dr. Kaiwen Zhang at ETS (École de technologie supérieure, Montreal, Canada), is now patent pending globally. Specifically, the patent application has been submitted under the Patent Cooperation Treaty, with March 30, 2023, as the priority date. The Patent Cooperation Treaty serves as an international agreement enabling the reservation of international patent protection in over 150 member states for 30 months from the priority date. Consequently, Quantum eMotion’s international patent application for this technology will remain pending until September 30, 2025, following which the application process will continue nationally in selected countries and regions.
Francis Bellido, CEO of Quantum eMotion, commented, “The recent resurgence of interest in cryptocurrencies motivates us to deploy our patented technology, grounded in quantum electron tunneling, across blockchain applications. However, as cryptocurrencies regain popularity, ensuring their security remains of utmost importance.”
Source: finance.yahoo.com
The post Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT) appeared first on HIPTHER Alerts.
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