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Wednesday, 11 October 2017

Diagnostic/Medical Imaging Market Service Estimate and Trend Analysis to 2025

The Global Medical Imaging Market is expected to reach USD 55.7 billion by 2025, according to a new report by Hexa Reports. Augmenting investment by government and federal organizations for portable diagnostic devices, and increasing prevalence of numerous chronic as well as sedentary lifestyle diseases is expected to vitally impact the industry growth.

Funds and initiatives by government and private players is expected to benefit the market. For instance, based on the information provided by the Hindustan Times in 2016, the Indian Government has setup an agency for encouraging domestic manufacturers and regulated prices of the medical devices.

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Along with rise in investments and funds in developing region, there is also a significant rise in fundings in the European countries such as the UK where USD 21.0 million was provided by the government in August 2015 for better development of new therapy, diagnostics and medical technologies. Such efforts across various countries worldwide, together, are anticipated to positively drive the market over the forecast period.

The Diagnostic imaging market is highly consolidated and is anticipated to witness various new product launches over the forecast period, which will vitally impact the revenue generation for the industry. For instance, the adoption of high slice technology in CT scanners is expected to drive revenue for the industry globally. As of 2016, high slice system includes 80, 128, 256, 320 and 640 slice system which are offered only by top vendors such as Toshiba, Siemens Healthineers, Philips and GE healthcare.

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Further key findings from the report suggest :
  • Based on product type, there are five segments, X-ray, computed tomography, ultrasound, MRI equipment, and nuclear imaging. The x-ray segment was identified as the largest and is expected to grow at a CAGR of over 3.0% during the forecast period.
  • North America is one of the most lucrative region for medical imaging market owing to better infrastructure facilities as compared to emerging regions and high end purchasing power along coupled with reimbursement framework in the region. U.S is the dominating region owing to its large population base having insurance coverage, advancement in technology, aging population coupled with prevalence of chronic disease.
  • Key performing companies include Philips Healthcare, GE Healthcare, Siemen Healthineers, and Toshiba Medical Systems. Other players include, Shimadzu Corporation, Varian Medical Systems, Aribex Corporation, and Ziehm Imaging, Inc.
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mHealth App Market Dynamics and Growth Prospect Mapping Analysis to 2025

The Global mHealth Market is expected to reach USD 111.8 billion by 2025, growing at a CAGR of 44.2%, according to a new report by Hexa Reports. The need to reduce long waiting periods in order to access health care facilities from specialists is the primary driver responsible for the adoption of mHealth.

The availability of applications for consumers are continuing to grow rapidly, especially healthcare apps. These applications assist users in self-management of wellness, disease and chronic abnormalities. This has led to the patient - playing an important and active role in staying informed and updated on their own healthcare decisions, contributing to the rise in adoption of mHealth apps globally.

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Healthcare is gradually transitioning towards a precision-based model, better known as a "personalized medicine" model. mHealth is becoming a widespread trend due to the introduction of technologies such as EMR, remote monitoring, and other communication platforms.

mHealth leverages the 4Ps of healthcare delivery, that is personalized, predictive, participatory, and preventive, to ensure delivery of optimal care to its users. In addition, growing penetration of smartphones, especially in low- & middle-income countries and growing focus on utilizing mobile technology to leverage healthcare delivery and ensure a population health plan is anticipated to benefit the market.

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Further key findings from the report suggest :
  • North America accounted for the largest market share owing to its focus toward implementing a successful population health strategy, to reduce healthcare costs
  • Fitness apps account for the largest market share among other mHealth app categories
  • mHealth app vendors are focusing their attention on women's health, diet, and medication reminders. According to Wired, a mobile advertising and analytics platform, women are more inclined toward tracking their health than men
  • Physicians are increasingly recommending usage of mHealth apps to their patients, which is likely to increase the adoption rate of mHealth apps
  • Some of the major market participants in the mHealth apps market are Abbott Laboratories; Johnson & Johnson; AstraZeneca; F. Hoffmann-La Roche AG; Novartis AG; Bristol-Myers Squibb Company; GlaxoSmithKline plc; Merck and Co., Inc.; Pfizer; and Sanofi.
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Viscosupplementation Market Analysis by Application, Region and Services to 2025

The Global Viscosupplementation Market is expected to reach USD 6.52 billion by 2025, based on a new report by Hexa Reports. The market is expected to observer an exponential growth over the next 9 years due to the increasing incidence of osteoarthritis, wounds, gingivitis, & ulcers and growing base of the geriatric population are some high-impact rendering drivers of the viscosupplements market.

Estimates published by the WHO suggest that the global population of the age group 65 years and above is anticipated to rise from 7% in 2000 to 16% in 2050. An associated consequence of this increase in the geriatric population will be an increase in the incidence of obesity and osteoarthritis. Along with growing preference for minimally invasive surgeries, global increase in the target population is expected to significantly propel demand for viscosupplementations throughout the forecast period.

Further Key Findings from the Study Suggest:
  • Three injection dominated the market in 2016, closely followed by single injection. It can be owing to the prolonged presence and holding a significant share of this market.
  • Single injection is anticipated to be one of the fastest growing segment owing to the increase in convenience, reduced hospital visits, and reduced adverse effects & associated pain
  • Geographically, Asia Pacific held the largest market share in 2016 and is expected to maintain its position during the forecast period. This large share can be accounted for by the presence of a sizeable base of geriatric population, which is more susceptible to disorders such as osteoarthritis and rheumatoid arthritis. Moreover, growing demand for minimally invasive procedures is a significant factor contributing to the large share of Asia Pacific.
  • Due to the presence of high unmet medical needs in emerging economies, such Brazil, growing awareness about applications of minimally invasive techniques, and increasing disposable income, the Latin American market is expected to grow at a lucrative rate in the coming years
  • Some key industry contributors are Sanofi, Anika Therapeutics, Inc., Seikagaku Corporation, Zimmer Holdings Inc, Bioventus, Ferring B.V., Lifecore Biomedical, LLC, and LG Life Sciences Ltd

Table Of Content
  • Chapter 1 Research Methodology
  • Chapter 2 Executive Summary
  • Chapter 3 Market Snapshot
  • Chapter 4 Viscosupplementation Market Variables, Trends& Scope
  • Chapter 5 Viscosupplementation Market: Product Estimates & Trend Analysis
  • Chapter 6 Viscosupplementation Market: Regional Estimates & Trend Analysis, by Product
  • Chapter 7 Reimbursement Outlook
  • Chapter 8 Competitive Landscape

For More Details Visit @ Hexa Reports

U.S. Long Term Care Market Geographical Scope and Manufacture Analysis by 2025

The U.S. Long Term Care (LTC) Market is expected to reach USD 549.7 billion by 2024, based on a new report by Hexa Reports. Rising incidence of chronic disorders in the U.S. due to aging population and unhealthy lifestyle is likely to increase the burden on LTC settings over the coming years. Rising prevalence of dementia, Alzheimer's, heart disorders, respiratory diseases, and mental disorders has contributed to the growth of the LTC market.

According to Vincent & Velkoff, 2010, the number of Americans above 65 years is likely to increase to more than double from 40.2 million in 2010 to 88.5 million in 2050. The cohort aged 85 and above (oldest old) is expected to triple, from 6.3 million in 2015 to 17.9 million in 2050, accounting for 4.5% of the total population. This demographic tends to have the highest disability rate & has maximum need for long-term care services and is likely to propel the market growth.

Technological developments in the long-term care industry are responsible for expanding the market in the U.S. In order to enhance the quality of life, LTC facilities, such as hospices, have started installing wireless video-conferencing devices. These devices enable patients to access the internet from their rooms and facilitate easy communication with their friends & family members. These computer-based technologies have helped enhance communication between hospice nurses & caregivers and enabled them to make decisions and provide real-time solutions or "coaching tips."

Further Key Findings from the Study Suggest:
  • Nursing care dominated the market in terms of revenue in 2016. This was attributed to presence of large number of facilities, high cost for services, and availability of reimbursement for nursing care.
  • Other LTC segments are projected to gain share during the forecast period due to pay cuts for Skilled Nursing Facilities (SNFs) and availability of other affordable long-term care services
  • LTC market has been experiencing mergers & acquisitions, which is resulting in integration of various services, thus maximizing revenue
  • In March 2017, Senior Care, Inc. commenced operations of three adult day centers that were initially managed by Hamilton County Board of Developmental Disabilities and acquired three other centers from Addus HomeCare Corporation in Illinois. Furthermore, the company launched a new center in Fairfield to fulfill LTC demand in April 2016.
  • Some of the key players are SeniorCare, Inc.; Brookdale Senior Living Solutions; Atria Senior Living, Inc.; Sunrise Senior Living, LLC; Genesis Healthcare; Home Instead, Inc.; Five Star Senior Living; and Kindred Healthcare, Inc.

Table Of Content
  • Chapter 1 Research Methodology
  • Chapter 2 Executive Summary
  • Chapter 3 Market Snapshot
  • Chapter 4 U.S. Long-Term Care Market Variables, Trends & Scope
  • Chapter 5 U.S. Long-Term Care Market: Service Estimates & Trend Analysis
  • Chapter 6 Competitive Landscape

For More Details Visit @ Hexa Reports

Surgical Dressing Market Growth Analysis, Forecast by Regions and Application to 2025

The Global Surgical Dressing Market is expected to reach USD 5.6 billion by 2025, according to a new report by Hexa Reports. The market is expected to witness a CAGR of 5.6% over the forecast period, owing to increasing organ transplant surgeries, increasing disease burden of lifestyle disorders and widened range and number of Ambulatory Surgical Centers (ASC).

Globally there were 126,670 organ transplant surgeries in 2015, which is approximately 15.0% higher than transplants in 2000, according to the Global Observatory on Donations and Transplantation (GODT) database. This exponential increase in the number of organ transplant surgeries is expected to increase the demand for these products in this vertical.

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Another key driver for this market is the increased disease burden of Cardiovascular Diseases (CVD) and the resultant surgeries for the treatment or management of the disease. It was estimated by the American Heart Association (AHA) that 92.1 million adults in the U.S. would suffer from at least one type of CVD by 2017.

ASC conduct surgical procedures related to pain management, urology, orthopedics, restorative, reconstructive or alternative plastic surgeries and Gastro Intestinal (GI) related surgeries. Thus, rising volume and range of ASC is expected to increase the demand for this industry.

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Further Key Findings from the Study Suggest:
  • Primary segment is the major contributor for the surgical dressing vertical in 2016.
  • NPWT (Others) recorded the fastest growth in the surgical dressing industry.
  • Hospitals are the major contributors in the end-user segment for the surgical dressing vertical in 2016.
  • The ASC is the fastest growing end-user segment for the surgical dressing market in 2016.
  • North America is the major market for growth of the surgical dressing industry.
  • The Asia Pacific region recorded the fastest growth in the global surgical dressing industry
  • The key players include Medline Industries, Inc. Smith & Nephew, Advancis Medical, Acelity, Medtronic, Alliqua Biomedical, Inc., 3M, Coloplast, ConvaTec, Inc., Molnlycke Health Care AB.
  • The key strategic initiatives include new product launches, acquisitions and mergers, and collaborations.
For More Details Visit @ Hexa Reports