Monthly Archives: February 2017

Global Home Health Care Market Share by Industry Research 2016 – 2024

Global Home Health Care Market: Overview 

The research report provides a comprehensive overview of the global home health care market and analyzes the challenges and opportunities that this market may witness during the forecast period. The report identifies the services and software segments exhibiting high CAGRs, besides exploring the opportunities demonstrated by the most lucrative regional markets. Innovations in telehealth technology and its influence on the overall market dynamics is also evaluated in the report.

The global home health care market is likely to exhibit impressive growth in the next few years. Home health care offers various services to patients in the comfort of their home. Home health care has been growing in popularity for the treatment of minor injuries and illnesses among patients, as it is less expensive and as effective as hospital-based medical care.

In an increasingly mobile and independent world, health care services alone remain rooted in a professionally controlled and centralized setting. However, the paradigm change in consumer preference to avail quality services from the comforts of their home is necessitating decentralization of health care services to ensure convenience and care to patients. The market study presents insights into the emerging trends in the home health care market and discusses the factors fueling demand in the key market segments.

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Global Home Health Care Market: Key Trends and Opportunities

Rising global geriatric population, increasing incidence of chronic ailments, favorable government initiatives, and growing demand for affordable health care delivery systems are the key factors fueling demand in the global home health care market. On the other hand, inadequate insurance coverage, changing reimbursement policies, and rising patient safety concerns are the major restraints of the market.

The global home health care market is primarily driven by significant demand for testing, monitoring, and screening products; mobility care products, and other therapeutic products. Of these, demand for products used in the testing or diagnosis of diseases is rising. For instance, having portable devices such as blood pressure monitors, heart monitoring systems, HIV test kits, pulse oximeters, peak flow meters, and ovulation and pregnancy kits at the disposal of a patient is essential to ensure that patient care is provided at their homes efficiently. However, the products needed may vary from one patient to another depending upon their ailment and present condition. Similarly, demand for mobility care products such as crutches, mobility scooters, cranes, and walkers is rising due to market expansion of home health care.

The home health care market comprises services such as rehabilitation services, unskilled care services, infusion therapy services, respiratory therapy services, skilled care services, pregnancy care services, and palliative care and hospice. Demand for infusion services is increasing rapidly across the world.

The most common delivery modes adopted in home health care are on-premise, web-based, and cloud-based. Rise in demand for improved security and accessibility drives the cloud-based delivery segment. Furthermore, the rapid proliferation of cloud computing in the health care industry is aimed at reducing the burden on the health care system. This fuels demand for cloud-based delivery.

Global Home Health Care Market: Regional Outlook 

North America is the most lucrative market for home health care. Implementation of favorable government policies and reimbursements for devices and services are likely to boost the growth of the home health care market in North America.

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Global Radiology Information Systems Market By Analysis of Major Industry Segments 2016 – 2024

Global Radiology Information Systems Market

Radiology information systems (RIS) are a part of electronic health record systems and track a patient’s utilization of radiology services throughout a treatment procedure. These days, RIS utilize a software suite, with digitization of the process helping ensure accuracy and minimizing data loss due to manual errors. As a part of hospital information systems, RIS have immensely grown in importance in the last few years and have now become full-fledged components of the overall healthcare industry.

Radiology is a vital diagnostic tool for several diseases. Numerous imaging technologies, such as X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), and positron emission tomography (PET), are included under the umbrella term of radiology and used for the diagnosis of a wide variety of diseases and skeletal conditions such as fractures. Interventional radiology, which consists of carrying out medical procedures with the aid of imaging technologies, is another important part of radiology used in medicine. The rising consumption of these vital procedures is fueling the global RIS market.

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Global Radiology Information Systems Market: Overview

The primary driver of the global radiology information systems market is the rising demand for noninvasive diagnostic and curative means. Since radiology relies on various electromagnetic and other processes, it usually does not involve any incisions; this makes it preferable to the majority of modern-day patients. The rising prevalence of diseases such as cancer and bone disorders is also boosting the demand from the global radiology information systems market.

The rising demand for integrated RIS from the healthcare sector is the primary trend shaping the trajectory of the global market. Since integrated RIS are more comprehensive in their examination and thus more efficient, they have surpassed standalone RIS recently and are expected to remain the largest segment of the market in the coming years.

One of the major drivers propelling the global radiology information systems market is the rising number of mergers and acquisitions among medical imaging device manufacturers. Since most players in the healthcare devices market aim at regional expansion currently, increasing bulk demand from hospital chains has also emerged as a major growth driver for the global radiology information systems market.

Global Radiology Information Systems Market: Geographical Segmentation

The global radiology information systems market is led by North America. The developed countries in this region have established widespread and sophisticated healthcare infrastructures, enabling steady demand for advanced RIS. The rising demand for digitization in this region has also been beneficial for the regional radiology information systems market, along with the financial ability of the average consumer in North America to avail advanced treatments including radiology in various forms. While the demand for sophisticated medical infrastructure components is rising elsewhere, particularly in Asia Pacific, North America will retain a strong hold on the global radiology information systems market.

Major companies operating in the global radiology systems market include Carestream Health, Inc., Philips Healthcare, McKesson Corp., GE Healthcare, and Siemens Healthcare. The performance of major players in the Asia Pacific market for RIS is expected to be vital to their chances of dominating the global market in the near future.

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Global Medical Billing Outsourcing Market Analysis, Trends and Forecast by 2016 – 2023

Global Medical Billing Outsourcing Market: Overview

As governments channel more funds into healthcare budgets, there is increasing pressure on healthcare systems to become more efficient so they can utilize these monetary allocations to the fullest. This benefits vendors in the global medical billing outsourcing market. While spending on healthcare in developed countries is rising on account of a substantial portion of the population cross the 65-year-threshold, developed countries are under pressure to improve their healthcare infrastructure, alleviate the inequality of healthcare in the private and public healthcare sectors, and a general increase in the number of chronic diseases reported.

Thus, the market for medical billing outsourcing will see steady growth, driven by the changing needs of healthcare providers, insurers, and other ancillary entities (both public and private). With a thrust on technology to streamline operations and manage transactions with greater transparency, the role of IT is becoming pivotal. As IT departments become necessary for the smooth operation of the healthcare industry as a whole, billing services, too, will likely be in demand.

The report touches upon the most pertinent factors at play in the global medical billing outsourcing market. It provides insight into the factors driving growth, the restraints, and the challenges, the most important market trends to watch out for, emerging opportunities for vendors in the market, and a SWOT analysis of the leading vendors. In addition to projections for the size of the overall market, the report forecasts the size and growth rate of each key market segment.

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Global Medical Billing Outsourcing Market: Drivers and Opportunities

The global medical billing outsourcing market’s high-impact drivers will be the growing emphasis on compliance and risk management, the need to make processes efficient, and healthcare organizations’ stress on achieving the desired business goals. Greater control, transparency, and agility are the factors that clients look for in outsourcing models. Considering that medical billing outsourcing helps healthcare organizations meet critical goals such as maximizing ROI, helping the shrink the cash conversion cycle, and striking a balance between expenditures and earnings, vendors in this space face numerous opportunities.

On account of all of these factors, the global medical billing outsourcing market is expected to report a high single digit growth rate over the review period of the report. However, the market could be restrained from reaching its full growth potential because of an ever-shifting and disparate regulatory landscape. Considering that some of the leading vendors in the global medical billing outsourcing market have a multinational presence, they are compelled to remain responsive to any changes in the regulatory scenario in each country. Likewise, data migration issues could stunt the market’s growth to some degree.

Global Medical Billing Outsourcing Market: Competitive Outlook

One of the most prominent changes that have shaped the global medical billing outsourcing market, as it stands today, is the growing perception among small and mid-sized healthcare firms that outsourcing helps cut operational costs and up efficiency. This trend, in turn, has been spurred by the fact that several healthcare organizations lack the investment capabilities to set up full-fledged IT departments of their own. It is important to note here that the initial cost of investment for the average billing management software is considerably high. Moreover, the outsourcing of billing services is a testament to the trust that a healthcare institution places in the vendor. Thus, the risk of vendors losing customers owing to a data breach or error in billing is high.

It is thus expected that companies in the medical billing outsourcing market will gain new customers in the form of small and medium-sized healthcare entities. Among the key vendors vying for a higher share in the global medical billing outsourcing market are Cognizant Technology Solutions, HCL Technologies, Accenture, and Genpact.

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Global Hospital Asset Management Market Key Trends & Industry Forecast 2016 – 2023

Global Hospital Asset Management Market: Overview      

The increasing number of complex equipment in modern-day hospitals, along with the growing incidences of drug counterfeiting and supply chain issues have boosted the demand for hospital asset management solutions. The declining cost of hardware utilized in various systems such as RTLS and their extensive usage across the health care industry have also augmented the growth of the global hospital asset management market. However, initial investment requirements, operational and technical issues, and privacy and ethical concerns will hamper the growth of the global hospital asset management market. Various initiatives taken by government institutions to decrease operational costs at government-run hospitals are expected to define the future outlook of the global hospital asset management market.

Hospital asset management includes staff management, patient management, temperature and humidity monitoring, and equipment management. With the growing demand to manage vast supplies of medical equipment across hospitals, equipment management has emerged as one of the largest application segments in the global hospital asset management market.

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Global Hospital Asset Management Market

In hospitals, the key assets include people, devices, and medication. However, the management of thousands of expensive mobile equipment is labor-intensive and challenging. Asset management is thus of prime importance across hospitals owing to its significant impact on staff productivity, assets performance, operations, and lifestyle costs. Asset tracking is a potential area of improvement for hospitals that can be achieved with quantitative results. With the help of asset management solutions, hospitals are able to improve service quality while reducing managing costs and risk of non-compliance.

Hospital asset management solutions are equipped with various technologies such as radio-frequency identification (RFID), infrared, ultrasound, and Wi-Fi based real-time location systems (RTLS). The RFID technology is extensively used across the pharmaceutical sector where manufacturers and distributors are able to precisely track drug products through the supply chain. The U.S. Food and Drug Administration (FDA) introduced guidelines for the implementation of RFID technology in November 2004 to ensure the safety and security of drug supply across the health care industry. For staff management and to provide better service to patients, RTLS is widely used for nurse call automation and real-time locating of patients. RTLS tags are also implemented to monitor, track, and manage strategic assets such as ventilators for critical care, cardiac monitoring devices, machinery for ultrasound diagnostics, and others.

Global Hospital Asset Management Market: Region-wise Outlook  

The global hospital asset management market has been segmented into four key regions: North America, Asia Pacific, Europe, and Rest of the World. In North America, the robust health care infrastructure has propelled the demand for hospital asset management solutions. North America and Europe are the leading regions in the global hospital asset management market. Various government initiatives to boost the health care industry and rising demand for efficient supply chain management in Asia Pacific will fuel the demand for hospital asset management software in the region in the coming years. India and China will significantly contribute toward the growth of the market in the region owing to the standardization of RFID technology through various government initiatives.

Some of the prominent players in the global hospital asset management market are GE Healthcare, IBM Corporation, Tyco International Ltd., AeroScout Inc., Vizbee RFID Systems Ltd., Infor, Awarepoint Corporation, Motorola Solutions Inc., Trimble Navigation Ltd., Ekahau Inc., Siemens Healthcare, Versus Technology Inc., Sonitor Technologies Inc., and Zebra Technologies Corporation.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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U.S. Pet Medication Market Key Trends & Industry Forecast 2016 – 2023

The U.S. pet market has been segmented on the basis of pet type, type of medication and type of disease. On the basis of pet type the market is categorized into canine care medications, feline care medications, fish care medications, bird care medications and others pets. The canine care medication segment held the largest share in the U.S. pet medication market and is anticipated to experience a constant growth during the focus period. The rise in the number of canine owners and high spending on canine care, coupled with high adoption rate of canines for companionship and for security purpose is expected to further boost the demand for medications for canine care. The canine care medication market is followed by feline care medication market. On the basis of type of disease, the market can be segmented into parasite prevention and control (flea, tick, heartworm, etc.), cancer, pain management, behavioral health, diabetes, heart health, ear care and allergies. The parasite prevention and control segment held the largest share during the forecast period. Parasite attacks and itching problems is the most common problem of the pet animals. Merial’s Frontline Plus and Nexgard are the market leaders for the parasite and control drug. On the type of medication, the U.S. pet medication market can be segmented into antibiotics, non-steroidal anti-inflammatories, opioid pain relievers, steroids, antiparasitics, behavior-modifying drugs and sedatives and chemotherapeutics. The antiparasitic drugs held the largest share in this segment. These products are intended to prevent, repel or kill internal or external parasites such as intestinal worms, intestinal protozoans (Giardia, etc.), heartworms, fleas and ticks. Chemotherapeutics is anticipated to be the fastest growing segment in the U.S. pet medication market during the forecast period of 2015-2023.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Pet Medication is a branch of medicine that deals with the prevention, diagnosis and treatment of disease, disorder and injury in pet animals. The U.S. pet medication market is majorly driven by changing socio economic and cultural factors that have led to domestic pets being regarded as member of family. This in turn increases pet owner’s spending from innovative and specialized premium product and grooming expenses to medication drugs. Moreover, with the increasing trend of nuclear family and increasing disposable income the ownership of pets among middle class family is growing exponentially. The increasing number of pet owners and their growing concern towards pets, in turn is also expected to boost the U.S. pet medication market. However, the rising incident of pet allergy and increasing prices of pet medications products acts as restraining factor for the growth of pet care market. In addition, strict government regulations regarding pet ownership also hinders the growth of U.S. pet care market.

The United States federal agency regulates the manufacturing and distribution of drugs and medications that are prescribed the veterinary animals. Veterinary prescription drugs are labeled for use only by or on the order of a licensed veterinarian. All veterinary prescription drugs must be properly labeled when dispensed. A complete label should include all the information set forth under the section on Basic Information for Records, Prescriptions, and Labels.

Some of the major companies participating in the U.S. pet medications market include Bayer Animal Health, Boehringer Ingelheim Vetmedica, Ceva Sante Animale, Novartis Animal Health, Elanco, Merial, Merck Animal Health, Zoetis and others.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Worldwide DNA Chip Market By Analysis of Major Industry Segments 2016 – 2023

A DNA chip, also referred to as a DNA microarray, is comparable to a computer chip. The key differentiating factor between the two is that a computer chip is imbedded with electronic circuitry, whereas a DNA gene chip is imbedded with DNA molecules. Or else it can be stated that DNA chip is a collection of DNA spots that are embedded on the solid surface. A DNA gene chip is about the size of a postage stamp. This technology has become very popular in the drug discovery and medical research sector as it significantly brings down research time. DNA microarrays play a vital role in helping medical researchers simultaneously measure the expression levels of several thousands of genes. The spiraling popularity of DNA chips has prompted many new players to enter the market and profit from their growing demand. In view of these aspects, the market for DNA gene chips is projected to show double-digit growth over the forecast period of this report. This technology is used to measure the expression levels of thousands of gene together at the same time.

Growth in personalized medicines, rising prevalence of cancer, technology advancements and large scale initiatives by the organization are some of the major drivers of this market. According to the World Health Organization (WHO) worldwide 8.2 million people died of cancer in 2012. In 2013, American Cancer Society (ACS) published that, around 300,000 men and 276,000 women died due to cancer in 2012 in the U.S. Moreover, California Journal of Clinical Cancer (CJCC) stated that, one in the every six U.S. men have received diagnosis test for prostate cancer at some point in their lives. Hence, such high prevalence of diseased condition would raise the growth of the market to a higher end.

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Based on type, DNA gene chip market can be split into oDNA (oligonucleotide DNA) and cDNA (complementary DNA). The former is a dominant segment in the market, accounting for over 95% of the overall market share.  The DNA gene chip market can also be classified by application as: comparative genomic hybridization, gene expression profiling, geneID, and others. The gene expression market emerges as the largest owing to its extensive applications in agriculture, clinical diagnostics, and other emerging sectors. This segment will likely demonstrate healthy growth over the forecast period as a result of substantial funding from governments and private players alike.

The report studies the DNA gene chip market based on geography by classifying it as: North America, Europe, Asia Pacific, and others. While North America was the dominant market in this sector until a few years ago, it is projected to reach maturity very soon and slip from its top position. On the other hand, aggressive growth in Asian economies such as China, Singapore, India, and South Korea will lead to a shift in the dynamics of the DNA microarray market. These markets are poised for massive growth as drug discovery and clinical trials intensify here.

Vital aspects of value of the DNA gene chip market include a strong supply chain, world-class logistical connectivity, cutting-edge scientific infrastructure, and the availability of skilled manpower. Singapore boasts leadership on all these fronts, making it a hub for the DNA gene chip market. Most of the companies are focing on setting up of facilities in this region due to strong intellectual property laws, logistics connectivity and supply chain.

Some of the majors players of the DNA chip market include Affymetrix, Inc., Agilent Technologies, Biomérieux Sa, Biometrix Technology Inc, Capitalbio Corporation, Bioneer Corporation, Eurofins Mwg Operon, Illumina Inc., Greiner Bio-One, Lc Sciences, Life Technologies Corporation, Microarrays Inc, Macrogen Inc, Sequenom Inc, Scienion Ag, Sigma-Aldrich, Savyon Diagnostics Ltd, Roche Nimblegen Inc, Wafergen Biosystems Inc and others.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Worldwide Mass Spectroscopy Market Share by Industry Research 2016 – 2023

The global market for mass spectroscopy is driven by advancing technology, however, it is also trimming life cycle of existing products. With technological advances, application of mass spectroscopy is increasing rapidly. This has expanded customer base for mass spectroscopy market. Current customers of mass spectroscopy in healthcare include diagnostic and forensic laboratories, research institutions, and pharmaceutical companies. Growing concerns for food and drug safety and increasing incidences of related complications has demanded better analytical methods. Increasing research costs and need for reliable analysis also has fueled mass spectroscopy market. In the recent past, there has been a surge in research and development activities in molecular biology, drug development, proteomics, biomarkers and gene expression studies. To address these needs, mass spectroscopy device manufacturers, are constantly engaged in developing the mass spectroscopy technology. Currently, North America and Europe account for more than 50% of the market owing to large number of academic and research institutes. However, growth prospects are higher in Asia Pacific region where developing economic conditions and increasing research expenses have boosted market growth. High price of devices has however restricted the market penetration in middle income countries.

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Spectrometry is a widely used technique in analytical chemistry to identify the contents in a test sample with the help of interaction between mass and energy. There are three major types of spectrometry techniques, which are divided based on the method of analyzing the test sample: atomic spectrometry, mass spectrometry and molecular spectrometry. Mass spectrometry is one of the most widely technique to analyze chemical contents in a sample based on mass-to-charge ratio of the ions. Mass spectrometry includes various technologies which include gas and liquid chromatography combined with mass spectrometry, matrix-assisted laser desorption/ionization (MALDI), time-of-flight mass spectrometry (TOFMS), quadrupole mass spectroscopy. In healthcare, mass spectroscopy is used to trace distribution of numerous biomolecules directly from tissue samples. The technique helps in analysis of peptides, proteins, pharmaceutical drugs and metabolites. Mass spectroscopy allows testing for multiple diseases using small amount of sample and also allows screening programs to be customize according to specific population which focuses on diseases most likely to be present in that population. Wide scope of applications has expanded mass spectroscopy market in healthcare sector.

Gas chromatography-mass spectrometry (GC-MS) combination systems provide quantitative analysis of the components along with mass spectrum. GC-MS systems find applications in pharmaceutical and chemical analysis, food and product safety, clinical and toxicology testing, and forensic and environmental studies.  MALDI-TOF mass spectrometer uses a focused laser beam in the ultraviolet or infrared range to analyze solid samples in two stages: desorption of surface particles by laser beam and ionization of matrix (solvent). The technique is useful in clinical diagnostics, environmental and taxonomical research, food processing and quality control. Triple-quadrupole liquid chromatography-mass spectrometry is used in pharmaceutical research for pharmacokinetic screening, metabolite identification, impurity profiling and other related applications. The technique is also used in analyzing samples for identifying drug and pesticide residues, identification and quantification of disease agents and carcinogens in food samples. In environmental sciences, it is used for identification of contaminants in water and soil. Inductively coupled plasma mass spectrometry (ICP-MS), a type of mass spectrometry technique, enables the detection of metal components in extremely low concentration and is majorly used for clinical and forensic applications where traces of metals are detected in samples such as urine, plasma and tissue fluids.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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