Healthcare Biometrics Market Growth Analysis by Region And Competitive Landscape, 2025

17 Jan 2019 - The global Healthcare Biometrics Market is estimated to stretch to US$ 14.5 billion by the completion of the prediction period. The movement of health organization and hospitals to Electronic Health Records [EHR] and electronic general practitioner instruction entrance is estimated to boost the demand for Healthcare Biometrics above the prediction period. The Healthcare Biometrics Market was being estimated to develop by a CAGR of 24.2% during the prediction period.

By way of additional Healthcare Information Exchanges [HIE] are constructed through the grid to coordinate care, the demand for expertise to battle information exploitation and unofficial admission is likely to upsurge, thus paying to the development of the Healthcare Biometrics market for the duration of the prediction period. Applications of biometrics are likely to upsurge the safety for nurses, doctors and patients. The stringent new guidelines have enforced as safety measure for the privacy and secrecy of patient data. These guidelines are too likely to motivate the placement of biometrics in healthcare system, thus paying to the development of the market over the prediction period. Developments in the existing machineries and the expansion of versatile verification procedures are likely to simplify commercialization of innovative products. Thus, acceptance of these procedures is likely to intensify in the healthcare area in the nearby years.

The Healthcare Biometrics market on the source of Type of Technology could span Single Factor: {Behavioral Recognition [ Voice, Signature], Vein, Fingerprint, Palm Geometry, Iris and Face.} Multifactor, Multi modal. The subdivision of “multi-factor authentication” is likely to develop at the maximum CAGR owing to the demand for safe verification stages from industrialized nations and extensive recognition of multi-factor authentication between healthcare suppliers. The market for single-factor authentication is sub-divided into contact biometrics and non-contact biometrics. In 2016, contact biometrics was anticipated to constitute the biggest stake of the single-factor authentication market, during the latest past year. On the other hand, the market for non-contact biometrics is likely to develop by the maximum CAGR for the duration of the prediction.

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The development in this subdivision is credited to the non-invasive type of non-contact biometrics, such as it permits information to be taken even from a remote and also its identification speed. The Healthcare Biometrics market on the source of Type of Application could span Administration of Labor Force. The Healthcare Biometrics market on the source of Type of End User could span Healthcare Organizations and Hospitals. The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage of Healthcare Biometrics could span North America [U.S.A, Canada], Latin America [Brazil, Mexico], Europe [Germany, U.K.], Asia Pacific [ Japan, China], and Middle East and Africa [Saudi Arabia, South Africa].

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By the source of geography, North America had dominated the market for more than 40.0% of the shares during 2016 owing to the growing amount of scams and law-breaking happening in the subdivision of healthcare. Additionally, formation of first-hand healthcare amenities; for example hospitals and private clinic may possibly act as a principal motivating power for the development of this market in the area. In contrast, Asia Pacific is likely to register speedy progress owing to increasing government backing, the arrival of IoT together with progress in healthcare IT. Furthermore, the fresh government directed systems and increasing gaps in databank safety are likewise estimated to expedite the progress of the market in the predicted period. The statement revises Trades in terms of intake of Healthcare Biometrics in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field of Healthcare Biometrics on the international basis are Qualcomm Technologies, Inc., Agnitio, Integrated Biometrics, Cross match, Suprema, MorphoTrust, Fujitsu, Nuance Communications, Inc., Genkey Solutions B.V., Hitachi Ltd., BIO-key International, Imprivata, Inc., 3M, and NEC Corporation.

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Health Information Exchange (HIE) Market Variables, Trends, Scope & Growth Prospects by 2024

15 Jan 2019 - Global Health Information Exchange (HIE) Market is expected to witness lucrative growth over the forecast period. Need for greater access to patient health information, enhanced stakeholder’s collaboration and rising awareness of HIE technology are the key drivers leading to the market growth. Furthermore, increasing incentives by the federal government, growing investments, increasing geriatric population and raising demand for reduction in healthcare cost are the factors anticipating the demand for health information exchange.

HIE refers to the electronic mobilization of healthcare information within defined geographical area to bring stakeholders together. The stakeholders include doctors, patient, pharmacists, nurses and labs. HIE enables speedy access and sharing of patient’s clinical data to the healthcare providers for providing effective, timely and efficient delivery of care to the patient. Sharing of patient information on time helps in effective decision making, avoids readmission and medication errors, improves diagnostic rate and, decreases duplicate testing. The technology provides high standard of patient care coupled with reduction in expenses associated with physical mailing of patient records, manual printing of document and, efforts involved in recovering patients’ reports. On the basis of set up type, HIE market is segmented into implementation model and vendors model and, also in public and private HIE. Implementation is further classified into hybrid model, centralized model and decentralized model. Among these implementation models, hybrid model is projected to be the potential market segment as it is a combination of both decentralized and centralized model. Hence, it consists of advantages of both the models.

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In set up type, private HIE is expected to dominate the market owing to the benefits associated with it such as deep commitment to a shared vision among shareholders. Shared vision include reduction in cost associated with unnecessary duplicate tests. Other benefits are steady flow of funds for development obtained from stakeholders in the private sector and physician engagement at every level of the HIE. Private HIE are growing at a rapid pace in comparison to public HIE.

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The vendors’ type is further segmented into messaging centric, platform centric, portal centric, clinical data management and personal health records. Portal centric segment is considered to hold the largest market share of health information exchange and is anticipated to witness robust growth over the coming six years due to the increasing use of electronic health records in the developed countries. Based on pattern of data exchange, the market is segregated into consumer mediated exchange for patient control, directed exchange for coordinate care and query based exchange for unplanned care. By application, it is used in the fields such as web portal development, secure messaging, workflow management, interfacing internal application and, patient safety. Among these application, HIE is majorly used in web portal development owing to the increasing number of documents choosing for electronic medical records driven by the accessibility of portals to retrieve information on patients. The end users of the market include public health agency, ED provider, medical research, care manager, primary care provider and specialists. Geographically, the global health information exchange market is categorized into North America, Europe, Asia Pacific, Latin America and MEA. North America is estimated to hold the largest market share owing to presence of established companies, high adoption rate of technology and well established healthcare facilities.
Asia-Pacific is expected to grow at a significant rate owing to increasing demand for patient care, rising population base and growing healthcare investments. In addition, increasing awareness level among people about HIE, various initiatives undertaken by government in emerging economic countries such as India, China and Japan are the factors driving the market growth over the decade. The demand for mobile health applications and, cloud based systems are offering opportunities for the healthcare IT providers.The major operating companies in the market are GE Healthcare, Care Evolution, At & T Inc., Cerner Corporation, IBM Corp., Medicity, Philips, Epic Systems, InterSystems, Oracle, Kindred Healthcare, Siemens Healthcare and Orion Health. Kindred Healthcare is using health information exchange technology to coordinate healthcare and achieve improved outcomes. The company is investing in technology that helps them to connect with their clinical applications so that when patients are discharged from Kindred facility, their patient record can follow them and when they enter one of their facilities, the caregivers will be able to view patient care record from previous admission. This helps in eliminating unnecessary test and treatment and, maintaining patient privacy and consent requirements.

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Telemedicine Market Product Estimates, Trend Analysis & Outlook by 2025

12 Dec 2018 - The global Telemedicine Market size was valued at USD 24.9 billion in 2016 and is anticipated to reach USD 113.1 billion by 2025, with a CAGR of 18.3%. Global telemedicine demand is expected to show a steady growth on account of increasing focus on emergency healthcare services. Development of information technology and increased internet speed has significantly contributed towards the overall industry growth.  Telemedicine is a service through which healthcare service is delivered with the help of communication technologies for patients at a distance. It is used to provide clinical healthcare facilities that are not available in remote areas. It helps in eliminating distance barriers and often used in emergency situations.

Delivery of healthcare service in remote and rural areas drives the overall market. It is difficult for medical institutions to set up their facilities in rural markets. These markets are catered through telemedicine technology.  Telemedicine is beneficial for patients who live in isolated communities. These patients can receive treatment from doctors without the need for patients to travel to visit them. Development in mobile technology has helped healthcare professionals share information and discuss medical issues on a real time basis as if doctors were present in the same place.

Telemedicine eliminates the risk of transmission of contagious diseases between patients and physicians. Some patients do not feel comfortable in seeking a treatment at a doctor’s clinic. Some patients are home bound are require an ambulance for their movement. These kinds of patient characteristics drive the market growth over the future.  Telemedicine has helped to fasten the treatment process especially in the field of emergency healthcare. These technologies are efficient in crowd control. It helps in reducing the burden on hospitals and administrative staff. Medical counselling through web conferencing has enabled hospitals avoid time delays and long queues.

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Therefore, healthcare organizations with large inflow of patients are expected to find major applications for crowd management. Further, telemedicine has given rise to many diverse fields under the umbrella technology which include telenursing, telepharmacy, telerehabilitation, teletrauma, telecardiology and telepsychiatry.  Absence of well-established I.T arrangement is expected to pull down the overall system growth as launching these applications requires highly proficient I.T systems, internet and maintenance. Moreover, these applications are high in cost and require regular updates and maintenance.

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Regulatory bodies play an important part in overall development of the industry. Manufacturers and healthcare institutes depend on government support with respect to financial aid. Practitioners require a full license to deliver these services in the U.S.  Development of technology, especially in the field of robotics, is expected to provide great opportunities in the near future. Remote surgery has been made possible with the help of robotics where robots are controlled by surgeons sitting at a remote distance. Such innovations are expected to provide bright prospects for the overall industry growth.
Implementation of these facilities in defense and military has enabled doctors to provide instant medication at remote locations. Market penetration in diverse sectors including military, oil extraction and mining is expected to propel the demand in near future.  Segmentation is done on the basis of service delivery which includes store and forward, remote monitoring and real-time interactive. Store and forward segment does the work of acquiring data which is used by the doctor for assessment. The assessment is done either on real time basis or it can be done offline as per convenience. Specialties including Dermatology, radiology, and pathology are known to take help of telemedicine services.
Real time interactive segment is the most popular and fastest growing segment. This is a replacement of traditional face to face visits where physical examination, history reviews, psychiatric evaluations are undertaken using these facilities.  Remote monitoring segment enables a doctor to observe a patient remotely using multiple technical devices. These kinds of facilities are used in managing chronic disorders including cardiac arrests, asthma and diabetes. North America is expected to observe highest demand in the global industry on account of the well-developed healthcare sector and implementation of advanced IT infrastructure.

Similarly, Western Europe is expected to show a substantial demand over the forecast period on account of increasing emphasis by the regional government on healthcare facilities coupled with the stringent regulatory framework. Asia Pacific and the Middle East are expected to observe significant growth on account of the increasing government initiatives to establish proper healthcare infrastructure in developing economies including China, India, Japan and UAE.
Key vendors providing technical products are Intouch Technologies, Cardiocom, LLC, Cisco systems, AMD Global Telemedicine, Honeywell, Siemens, McKesson, Hoffmann-La Roche, Allscripts Healthcare, Agfa Healthcare, Lifewatch, and Medtronic. Major companies that provide these services are American Well, Teladoc, and Doctor on Demand. Companies are focusing on creating awareness of these technologies to increase their overall demand. Establishment of dedicated facilities for various industrial sectors is expected to provide fuel the market.

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Hospital Information Systems (HIS) Market: Competitive Landscape & Company overview by 2025

4 Dec 2018 - The global Hospital Information Systems (HIS) Market is expected to be valued at USD 39.7 billion by 2025. Hospital information system market demand is expected to be high over the forecast period on account of increasing patient traffic. The need to integrate data of a single patient from all the departments in a hospital is anticipated to propel the overall industry growth.  Hospital information system (HIS) is designed to fulfill the administrational needs of medical centers. It involves the integration of multiple divisions in order to manage the administration on a real time basis. Various sections of a medical center which include laboratories, finance departments, and general administration are integrated through enterprise architecture. It also helps the physicians in tracking a patients’ past record and progress in the treatment. The increase in patient flow is the major factor driving the overall market. Increasing disease incidence has created the need to establish a sophisticated data base for patient tracking. A patient undergoes multiple therapies, treatments, and diagnosis. A Physician needs to collate all the information for further diagnosis. This need drives the demand for information system with integration of multiple wings within an organization. Such systems also help physicians to track patients past history.

Accounting is another factor which propels the demand for hospital information system. Bills from various departments are consolidated into one and therefore leading to customer satisfaction. Medical institutions have been able to process the overall cash flows at a centralized level with precision and without any delays. Such centralized cash flow management reduces the possibilities of fraud and financial data fabrication. HIS has helped to fasten the administrative process with high accuracy which includes placing orders, bookings and payment. Moreover, these applications have significantly contributed to increase overall accuracy, response time and efficiency which in turn is expected to drive its demand over the forecast period. Electronic record keeping has boosted the demand for HIS implementations.

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They provide a common source for patient’s health history. Doctors can easily access patient’s information, laboratory results and previous prescriptions.

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These information applications are efficient in crowd control. Tracking the patient flow has been easy, leading to a planned scheduling of appointments and bed occupancy. This has resulted in avoiding time delays and long queues. Therefore, healthcare organizations with large inflow of patients are expected to find major applications for crowd management. Growing medical insurance industry is expected to further drive the demand for patient records in healthcare. Insurance agencies are expected to find these applications useful in tracking a patient’s history and avoiding fraud. Absence of well-established I.T arrangement is expected to pull down the overall system growth as launching these applications requires highly proficient I.T systems and maintenance. Moreover, these applications are high in cost and require regular updates and maintenance.
Mindset change is another reason which is expected to restrain global industry growth in the future. Some organizations are expected to hesitate in implementing new technologies and stick with their old systems which are cost effective and well adopted by their employees. Healthcare facilities who seek for a fully integrated business solution provide great opportunities for market growth in near future. There is a need to establish proper sales channel so that the vendors ensure efficient technologies are integrated into their solutions.

Rise in medical informatics is expected to propel the growth of overall industry. Data collected through these application suites is used to study the recent trends and patient behavior. This source of data provides meaningful insights for capacity planning. Hospitals tend to use this information for their expansion programs and demand forecasting. The HIS architecture is segmented on the basis of specialized implementations which includes clinical information system, laboratory information system, procedure management, radiology information, and picture archiving & communication.
North America is expected to observe highest demand in the global industry on account of the well-developed healthcare sector and implementation of advanced IT infrastructure. Similarly, Western Europe is expected to show a substantial demand over the forecast period on account of increasing emphasis by the regional government on healthcare facilities coupled with the stringent regulatory framework. Asia Pacific and the Middle East are expected to observe significant growth on account of the increasing government initiatives to establish proper healthcare infrastructure in developing economies including China, India, Japan and UAE.

Key players operating in the market are SAP, Philips, Infosys, Wipro, TCS, Meditech, Mckesson Corporation, Epic systems, Allscripts, and Cerner Corporations. Vendors focus on providing complete IT enabled services which consist of HIS. This helps the vendors to reduce costs and also aid in the maintenance process. After sales service plays a vital role in establishing strong relations with the customer. Break down of these applications result in loss of information and disturbance in services. In February 2015, Cerner Corporations successfully acquired Hospital IT solutions business unit of Siemens for USD 1.3 billion. The acquisition is expected to help Cerner develop efficient business solutions especially in the field of electronic record keeping.

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Cardiovascular Information System Market Base estimates & CAGR calculation by 2024

30 Nov 20180 - The global Cardiovascular Information System (CVIS) Market was valued at USD 616.7 million in 2015 and is anticipated to reach USD 1.2 billion by 2024. Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems. Factor such as growing need to integrate CVIS with CPACS and EMR and other cardiology modules is anticipated to fuel the product segment. A cardiovascular information system is a data-driven system in which research material and clinical information software along with scientific advancement data are stored. It is a patient driven informatics obtained from ECG and EKG, Haemodynamic system and echo machines coupled with inventory, business analytics, and billing mechanisms. With reducing reimbursements, healthcare providers are striving to have a cost curbing solutions such as CVIS. However, the greater emphasis on EHR implementation and initial high cost of CVIS implementation are expected to be growth impeding factor during the forecast period.

The increasing need for ease to access data in numerous healthcare institutes for the fast and effective treatment of the patients in expected to stimulate the product demand over the next seven years. The amalgamation of reports, images, measurements and waveforms into the patient's record assists to create an information management and enterprise medical imaging solution in a proficient manner. An integrated cardiac EMR in one database offers a single point of access to the historical and current cardiac information and images, including ECG and haemodynamic data. Customizable reporting tools for the electrophysiology labs and cath, vascular and echo departments, ECG department and nuclear cardiology department make it possible for users to quickly document and analyze care practices. Workplace quality web access to report completion and procedures enables users to carry out a variety of clinical care tasks from isolated locations. Cardiovascular information system aims to approve an advanced level of evidence-based proficient standards in cardiac recovery.

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The system is an integrated haemodynamic system which is data-driven patient informatics it is capable of storing all the information related to cardiovascular disease patient. For efficient recording and reporting patient information all the information is stored in CVIS. In addition, the business operations including business analytics and making bill which are conventionally managed by the separate computer system and can also be managed and stored by undertaking the system. Further, the product is also capable of providing dynamic reporting such as measurements, images, and informatics that are structured in a template design for reliable delivery and effectiveness of patient reports. With the implementation of CVIS cardiologists have observed a noteworthy reduction in report delivery time.

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CVIS market is studied with respect to three different segments such as application, delivery mode, and component. CVIS industry by application is further segmented into echocardiography lab solutions, catheterization lab solutions, vascular lab solutions and ECG data management solutions. A component segment of CVIS market is studied with respect to hardware, services, and software. CVIS market by delivery mode is further classified into a web hosted, cloud-based and on premise market. CVIS acts as a single platform, single storage solution having single point entry to physicians, cardiologist administrators regardless of users location. Clinical benefits include accessibility of patient’s clinical history to the cardiologist prior to the procedures thereby nullifying the need of doctor leaving critical ill patient’s bedside. Business benefits of CVIS allow administrators to manage statistical reporting, inventory, billing and overall workflow in a live environment.

Higher occurrence rate of cardiovascular diseases coupled with technological advancements are helping North American market to be most mature during the forecast period. The European market is expected to follow North American market. Asia pacific CVIS market is expected to experience a lucrative growth on account of rapidly improvising healthcare infrastructure, untapped opportunity and increasing penetration. The major participants operating in the cardiovascular information system market include Philips Healthcare, GE Healthcare, Siemens, McKesson Corporation, Cerner Corporation, Fujifilm Medical Systems, Digisonics, Agfa Healthcare and Merge Healthcare.

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Clinical Trial Management System (CTMS) Market Research Methodology, Scope & Assumptions by 2025

16 Nov 2018 - The global Clinical Trial Management System Market crossed USD 1.6 billion in the recent years and is expected to continue growing during the forecast period. Rise in health concerns and increased R&D expenditure in life sciences& clinical research organization are likely to drive the market growth in the forthcoming period.

The clinical trial management system industry witnesses several opportunities in form of availability of CTMS solution, rise in government funds for CROs. However, significant costs and dearth of healthcare professionals are likely to create major hindrance for the market growth during the forecast period. Overall, the clinical trial management system market is expected to grow at a CAGR of 12.1%. A clinical trial management system (CTMS) is tailor made software system to accomplish clinical trial data operations generated by pharmaceutical and biotechnological companies. A CTMS manages up-to-date clinical data initiation from planning of research proposal to preparation, conducting and reporting generation. Clinical trial management system performs planning on budgets, report budgeting, clinical data management and report generation and accordingly the requirements of recipient companies vary from the future prospect.
The clinical trial management system market is segmented into delivery type, type, component and end-user. Geographical segmentation for clinical trial management system industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific clinical trial management system market is anticipated to grow at a higher CAGR in the forthcoming period due to rise in number of clinical trials. Outsourcing to India, China and South Korea being a major activity contributes to the market development in this region.

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North American clinical trial management system industry is likely to gain a significant market share due to presence of stringent laws pertaining to end-user in this region. Rise in demand for CRO for healthcare analytics is likely to account for a major share in the global market. Middle East and African clinical trial management system market accounts for a leading market position due to rise in healthcare infrastructure and healthcare analytics in these regions.

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The key players in the clinical trial management system industry include Forte Research Systems Inc., Bioclinica, Oracle Corporation, eClinForce Inc., Medidata Solutions, DATATRAK, Guger Technologies, PARAXEL International Corporation, and MedNet Solutions, Inc. Other participants include; ChemWare Inc., iWEb Technologies, Data MATRIX, Jade Global Solutions, Integrated Clinical Solutions, and MAJARO InfoSystems.

Market Segment:

Clinical Trials Management System Type Outlook (Revenue, USD Million, 2014 - 2025)

• Enterprise
• On-site

Clinical Trials Management System Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)

• Web-based
• Cloud-based
• On-premise

Clinical Trials Management System Component Outlook (Revenue, USD Million, 2014 - 2025)

• Software
• Services

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Medical Automation Market: Snapshot & Research Methodology To 2024

15 Nov 2018 - The global Market For Medical Automation in 2015 was estimated to be at USD 34.21 billion. The major factors impelling the growth are rising adoption rate of automated equipment for therapy and diagnosis of chronic disorders. According to a report by WHO, chronic diseases are considered to be the leading cause of mortality globally. These diseases include respiratory diseases, diabetes, heart disease, stroke and cancer which accounts for around 60% of deaths.

As per a research published by NCBI, around 40.5% of the population in U.S. is predicted to suffer from one or more than one cardiovascular disease by 2030, leading to expansion of the patient base. Increasing adoption of automated devices can be attributed to the rising demands for reproducibility and accuracy in wide array of medical procedures. Moreover, the rise in laboratory automation and benefits associated with automation in pharmacies is broadening the growth prospects further. These benefits include such as reliability, speed, reduction of errors in huge sampling and greater cost efficiency which is anticipated to positively impact future demand over the coming years. Furthermore, advent of technologically advanced products such as usage of robots in radio surgery, material handling in hospitals and others, are factors predicted to drive growth potential.

Application Insights

The largest share of over 35.0% in application segment was held by therapeutic automation in 2015. The dominance can be attributed to consistent rise in the adoption rate of automated devices such as therapeutic dispensing systems, defibrillators, surgical robots, automated microscopes, portable imaging device and orthopedic navigation systems.

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The high demand for automation while performing minimally invasive surgeries is expected to widen the scope for adoption of robotic surgical systems thereby fueling to the medical automation industry over the coming years. The advantages offered by these systems such as increase in process efficiency and enhanced patient safety. In addition, they can be used as standard emergency care which is predicted to drive the growth prospects and further broaden the penetration of these systems in future.

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End-use Insights

The segment was dominated by hospitals & diagnostics centers segment in 2015 with a share of more than 25.0%. The dominance can be attributed to growing usage of automated devices in pharmacies & laboratories sufficing various requirements in diagnostic procedures.
Automation in hospital segment, particularly in tier 2 & 3 cities of emerging economies of the Asia Pacific region such as India is presenting with lucrative opportunities. For example, the Indian hospitals including Fortis and Apollo are aiming at providing automated healthcare services which are operational in the region.
Moreover, presence of various government agencies such as National Patient Safety Agency is striving for improvement in penetration of automation in hospitals, which is responsible for greater share garnered by hospitals.

Regional Insights

A substantial revenue share of over 43.0% was held by North America in 2015 as a consequence of increasing healthcare expenditure by government healthcare and life science sectors to promote research. Europe held the second largest market share owing to demographic shift in geriatric patient base, possessing greater susceptibility to chronic disorders thereby pushing demand for automated point-of-care testing.
Additionally, presence of various government organizations including Medicine and Healthcare Products Regulatory Agency which validates automated systems in pharmacies and devices with the regulations of the region is predicted to provide growth opportunities in the coming years. Asia Pacific is anticipated to witness attractive growth opportunities during the forecast period owing to the frequent upgradation in healthcare infrastructure, growing patient awareness levels and prevalence of cardiovascular diseases, orthopedic disorders, cancer and diabetes.

Competitive Insights

The prominent players include Danaher Corporation, Koninklijke Philips N.V., Siemens AG, Stryker Corporation, Intuitive Surgical Inc., GE Healthcare, Swisslog Holding AG, Medtronic Plc., Tecan Group Ltd., Accuray Inc. Competition in the industry is high as a consequence of prominent players undertaking strategic initiatives such as acquisitions, technological advancements, new product launch and collaborations. For instance, Tecan acquired Sias AG in November 2015, to expand the business for providing mechanization solution for laboratory.
Moreover, the competitive nature of the industry is also a result of high amount of investments in R&D, contracts and distributive agreements, which are anticipated to keep industry rivalry high throughout the forecast period. For instance, Accuray Inc. and medPhoton GmbH entered in collaboration in May 2016, to strengthen their sales and distribution network.

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Healthcare Analytics Market Formulation & Validation|2025

14 Nov 2018 - Global Healthcare Analytics Market size is expected to reach USD 53.65 billion by 2025. Healthcare analytics (HA) implies analyzing data collected from various sources; to improve healthcare facilities. Increasing need to reduce healthcare expenditure among hospitals and the other healthcare providers is expected to drive the market growth in the upcoming period. The market size is anticipated to grow at a high CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

With the advent of data-enriched tools such as eHealth, mHealth, mobile applications, and electronic health records (EHR), the communication gap between patients and caregivers has reduced. These tools generate tremendous data, which is used for personalized treatments. Now hospitals are using healthcare analytics to manage the number of workers working in a shift.  The market based on the types is classified into descriptive, prescriptive, and predictive. Descriptive analytics is widely used amongst the three and held the largest share in 2016. Mostly these systems are used for administrative and process optimization activities. Moreover, the “predictive” analytics is expected to witness large market share during the forecast period. This method is widely used by organizations such as insurance providers, government organizations, hospitals, clinics and life science companies.
Delivery modes of healthcare analytics include web based, on-premises, and cloud based delivery. The “on-premises” delivered services contributed 48% market share in 2015. On the other hand, the “cloud based analytics” is expected to hold the highest market share in the forthcoming period. Real-time data tracking, avoidance of complex physical ecosystem and remote access to data are the benefits associated with cloud-based systems.

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The application segment includes clinical, operational & administrative, financial and others. The “operational & administrative” services dominated the large market share in 2015. This can be attributed to their wide applications encompassing supply chain management, strategic analytics and workforce. However, the “financial” application is expected to hold the largest market share over the forecast period due to their growing adoption in private as well as government health settings.

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The factors that play an important role in the growth of healthcare analytics market include increasing demand, growing population, increasing urbanization & industrialization, growing digitalization of healthcare data, increasing government initiatives to increase EHR (Electronic Health Records) adoption, availability of big data in healthcare, growing pressure to curb healthcare costs, rising focus on improving patient outcomes, increasing venture capital investments, technological advancements and stringent government rules & regulations.
However, issues related to data integrity & safety, lack of skilled IT professionals and the other high pricing are negatively impacting the growth of healthcare analytics industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on type, component, application, delivery mode, end-use and geography. The market is classified into component such as hardware, software and services. The “services” segment held the large share in 2015 and is anticipated to grow at a high CAGR in the next couple of years. Outsourcing of big data services is projected to dominate the service segment.
North America is anticipated to hold the largest market share in the upcoming period due to growing demand to reduce rising healthcare costs, increasing cases of payment frauds, high per capita healthcare cost. However, Asia Pacific is expected to witness high market share during the forecast period owing to the increasing government initiatives to improve the medical infrastructure, growing population and promote economic growth.
The key players contributing to the robust development of the healthcare analytics market include IBM Corporation, SAS Institute Inc., Oracle Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, MEDai Inc., Optum Health Inc., MedeAnalytics, Wipro, CitusTech, Verscend, VitreosHealth, SCIO Health and Verisk Analytics Inc.These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Pharmacovigilance (PV) Market Segmentation & Growth Prospects 2025

12 Nov 2018 - The global Pharmacovigilance (PV) Market size was estimated at USD 3.40 billion in 2016 and is anticipated to witness a CAGR of 13.1% over the forecast period. Rising occurrence of Adverse Drug Reactions (ADRs) combined with the introduction of strict government policies concerning with drug safety regulations are chief factors anticipated to propel the pharmacovigilance market. ADR amount to an overburden on healthcare systems and is amongst the chief causes of disease in the developed countries.

Nearly 5% of overall hospitalizations annually are owing to ADRs, which is a noteworthy growth-boost in element for PV market. Increasing incidence of chronic diseases combined with growing elderly population base has further escalated the requirement for development of new drug. Additionally, consistent rise in drug production augmented the demand for drug safety regulation before and after commercialization of therapeutics. Increasing complication of drug safety regulations by regulatory bodies such as EMEA (European Medicines Agency) and U.S. FDA is therefore, anticipated to augment the growth over the coming years.

Clinical Trial Insights

Pharmacovigilance market is analyzed and estimated concerning with clinical trial phase in the study, involving preclinical, Phase I, Phase II, Phase III and Phase IV segment. PV plays an auxiliary safety measure for the drug ongoing clinical trials. Phase III clinical trials segment was the second highest growing and was valued at over USD 400 million in 2016.The data gathered and analyzed after Phase III trial is anticipated to be having greatest significance. Thereby, Phase IV is accounted for the largest segment and is projected to grow with the growth rate of 13.3% during the forecast period.

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Service Provider Insights

Service provider segments analyzed in the report involve contract and in-house outsourcing. The contract outsourcing held leading position in the year 2016, accounting for over 52%. Its dominant share is accredited by the advantages related to outsourcing as reduction in fixed cost, reduction of investments, resource versatility and risk alleviation. Outsourcing providers provide solutions including SOP, process design, PV audits and some customized services.In House service recorded around 46% share owing to the increasing number of key companies offering such services.

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Type Insights

Spontaneous reporting dominated pharmacovigilance revenue share as of now, due to wide applications in identification of serious ADRs. Rising adoption of reports surveillance obtained through spontaneous reporting method is the key contributing factor for market dominance. Cohort event monitoring is expected to show lucrative growth owing to its growing adoption in identification of various adverse clinical events.

End Use Insights

As of 2016, hospitals held majority of revenue of end-use segment. Hospitals serves reporter organizations, which report the ADRs, occurred during a certain time frame, to regulatory authorities in order to ascertain the need for post marketing surveillance. Increasing cases of ADRs and medication errors are expected to drive the hospital segment growth over the forecast period. Increasing need for the identification of risk factors pertaining to ADRs is further anticipated to boost the growth of this segment

Regional Insights

North America acted as the largest end- user of the PV market in the year 2016 and is expected to dominate the market during the forecast period. Presence of large number of research laboratories coupled with favorable drug safety approval measuresinflicted by the U.S. FDA are anticipated to boost the growth during the future period.
Additionally, growing demand for PV services among end users further boost the North America revenue generation. Europe is considered as the second most important region owing to the rise in number of companies or research lab offering pharmacovigilance services. Furthermore, increasing chronic disease prevalence along with continuous rise in geriatric population support the growth in Europe.

Asia Pacific is anticipated to exhibit the highest growth over the coming years. Presence of huge amount of educated and cost-efficient labour force, the availability of conducive business environment and administration of government reforms focussed at enhancing healthcare access are the factors contributing towards fast growth in the region. Statistics indicate that cost concerning clinical trials regulated in the Asia Pacific is nearly 50-70% low-priced than the trials regulated in developed regions such as North America and Europe.

Competitive Insights

Key players of the PV market include Accenture Plc., Boehringer Ingelheim GmbH, Bristol-Myers Squibb, Quintiles Transnational Corporation, Cognizant Technology Solutions Corporation, ICON, Plc. Synowledge LLC, PAREXEL International Corporation, Covance Inc., Janssen Research & Development, LLC, Pharmaceutical Product Development, Inc., and United BioSource Corporation.
Strategic mergers and acquisitions, collaborations with Contract Research Organizations (CRO) andoffering customized services are major sustainability strategies implemented by key players. For instance, Accenture Plc., in a venture to grow its service base concerningPV, introduced accelerated R&D services concentrating on delivery of integrated and streamlined functions aiding in efficient product development and collaborated with Oracle partner network.

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Medical Holography Market Product Estimates & Trend Analysis by 2025

12 Nov 2018 - The global market size of Medical Holography Market in 2015 was estimated to be USD 281.4 million. The market is anticipated to witness lucrative growth with a CAGR of 31.0% throughout the forecast period owing to increasing use of holography based products in biomedical research. Increasing activities and funding pertaining to R&D by key biotechnological and pharmaceutical companies is predicted to widen the scope for biomedical research activities.

Additionally, wide array of clinical applications of holography such as in dentistry, surgical & radiological procedures, cardiac electrophysiology, and orthopedics has triggered growth of the industry. Advent of technologically advanced products, such as, miniaturized light emitting diodes and pico-like projectors, which provides high clarity holographic images are predicted to accelerate demand during the forecast period. Emerging holographic interaction and visualization technologies enabling minimally invasive procedures has led to an enhanced safety profile for patients. The abovementioned factors leading to better outcomes for patients are expected to drive physicians and patient’s preference for these products.

Product Insights

Holographic displays held the highest share of the product segment in 2015. The dominancy can be as a consequence of high penetration of these displays as they are an important component for viewing holograms. Moreover, the increasing modifications and advancements in holographic displays are believed to drive the demand by increasing adoption rate by physicians, researchers, and educationists. The advancements such as incorporation of piston based displays, laser and electro-holographic is expected to be one of the high impact rendering drivers. There are several benefits associated with the above-mentioned technological advancements for diagnostic procedures, which is providing attractive growth opportunities.

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The benefits associated with these products include precise coordination in interventional and diagnostic applications, real-time visualization of organs and improved training.

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Application Insights

Owing to the benefits associated with holographic technology such as live imaging which enhanced visibility of organ is expected to boost the medical education segment and provide lucrative growth opportunities. Moreover, 3D anatomical models help in providing information and instructions in an effective manner leading to high demand and attractive growth opportunities.
In addition, this technology enables generation of full human anatomy holograms, which facilitates in revealing important disease information which is not possible with any other visualization techniques available.

End-use Insights

The largest share was held by research laboratories in 2015 owing to high adoption rate of these products for research purposes that facilitates real-time analysis of live cells & phase contrast based imaging.
Moreover, the minimally invasive nature of holographic detection thus precluding cell deformation occurring due to examination procedures and consequently rendering it as the preferred choice for researchers.

Regional Insights

A substantial share of more than 38.0% was held by North America in 2015. This can be attributed to presence of majority of key players, undertaking various research activities in the region.
High prevalence of disease in the region serves as an important growth factor leading to high clinical urgency to use medical holographs, which are becoming increasingly accessible that facilitates sophisticated imaging. Moreover, high investments in R&D are anticipated to increase holography products in research. The above-mentioned factors are expected to drive the regional market.
Asia Pacific is anticipated to witness an exponential growth during the forecast period. The growth can be attributed to rise in disposable incomes and healthcare expenditure. In addition, increasing awareness level of physicians pertaining to benefits associated with these products such as enhanced patient care & diagnosis and improved performance of physicians.
Moreover, increasing focus on healthcare infrastructure quality is expected to further boost the adoption of medical holography products. For example, scientist in Japan developed touchable holograms in December 2015 which can be adopted in wide array of applications leading to enhanced biological procedure & process demonstration in the future.

Competitive Insights

Prominent players include zSpace Inc., Lyncee Tec, Nanolive SA, Phase Holographic Imaging AB, Zebra Imaging, and RealView Imaging Ltd. These companies are undertaking mergers & acquisitions, distribution enhancement strategies, new product launch and development activities, which are contributing to the significant growth of the sector.
For example, Rattan, a software consulting company was acquired by Zebra Imaging to integrate the technologically advanced technology such as 3D light-field in their holographic display product portfolio.

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, the global medical holography market has been segmented on the basis of product, application, end-use and region:

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Healthcare IT Market Dynamics And Demand In Emerging Regions by 2020

9 Nov 2018 - The Market Size For Global Healthcare IT was worth USD 41.2 billion in 2013 which is anticipated to grow at a CAGR of more than 12.7% during the forecast period. The factors driving the growth of the market are increasing rate of adoption of Computerized Physician Order Entry (CPOE), increasing incidences of chronic diseases, increasing patient base worldwide and advances in technologies in this sector.

Reduction in operational costs, reduction in errors in medical centers, and an increase in effective outcomes is anticipated to fuel the healthcare IT market growth. Additionally, supportive government initiatives for improvement of healthcare infrastructure and integration of information technology with existing establishments are anticipated to boost the market growth during the forecast period.
Moreover, the advent of interoperable systems and cloud computing for detection and identification of infectious diseases and tracking the prevalence and incidence rates of chronic diseases are expected to contribute towards the market growth. This is also expected to encourage governments to increase investments associated with adoption of these systems.
The introduction of advanced technologies in software such as ambulatory care management systems, electronic health records, hospital information systems, electronic medical records, e-prescribing systems and patient management systems, is anticipated to drive the market growth during the forecast period. Additionally, increasing demand for e-healthcare system, medical record systems, and computerized physician order entry is projected drive market growth during the forecast period. Rising adoption of software systems such as clinical trial management system, clinical decision support system, and data mining is estimated to further boost the demand.

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Application Insights

Telehealth and tele- market attributed for more than 30.0% of the global healthcare IT market, in 2016. The factors contributing to this large share are high rates of usage and related benefits such as ease of information transfer via telecommunication technologies. The factors such as a need for home healthcare centers and the shift in preferences to prevent hospital stay are fueling the telecommunication segment growth.

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Electronic health records (EHR) accounts for second largest market after telecommunication in terms of revenue share. As per Healthcare Information and Management Systems Society, electronic health records are longitudinal records associated with health information of a patient. Medical institutes update these records. The use of EHR is anticipated to have lucrative growth due to factors such as interoperability and user-friendliness. Moreover, these systems offer information which aids in decision-making related to the health of a patient in emergency situations.

Regional Insights

North America dominated global healthcare IT market accounting for more than 40.0% of total market revenue. The prominent market driver is the existence of advanced medical facilities, supportive government initiatives such as the launch of incentive programs for EHR by Medicare and Medicaid, increased patient awareness along with increased expenditures in this region. Increasing number of private healthcare service providers, for instance, Sana & Helios and existence of well-established healthcare infrastructure are growth drivers of this market in Europe.
Asia Pacific healthcare IT market is projected to grow at a remunerative CAGR during 2013 to 2020 owing to the increased frequencies of chronic diseases in the pediatric and geriatric population, increasing awareness about the convenience and cost effectiveness of these technologies and increasing healthcare expenditure.

Competitive Insights

The global healthcare IT market is fragmented by presence of companies such as Carestream Health McKesson Corporation, Agfa Healthcare, GE Healthcare, Philips Healthcare, Carestream Health eClinicalworks, E-MDS Inc., Hewlett-Packard, and Athenahealth Inc. The market is characterized by constant strategic mergers and acquisition and collaborations. Key players are capitalizing on the untapped markets in order to intensify the competition.

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Medical Image Analysis Software Market Segmentation And Growth Prospects 2024

9 Nov 2018 - The global Market Size For Medical Image Analysis Software in 2015 was estimated at USD 2.2 billion and is anticipated to grow with a CAGR 8.1% throughout the forecast period. High growth of the market is majorly attributed to the increase in usage and uptake of imaging software for the diagnosis purpose. This technology is widely used for the diagnosis in the field of orthopedic, dental, neurology, oncology, urology and others.

In addition, shifting in focus to provide enhance care has led to the incorporation of various computer aided diagnosis systems, which is further contributing towards market growth. Continuous increasing in the prevalence of chronic disorders such as neurological diseases, cardiovascular diseases and cancer require medical imaging systems to provide effective and fast diagnosis. This fact will further push the market demand of medical imaging software, leading to drive the market growth.
Introduction of technologically advanced products such as 3D imaging, multimodality imaging platforms is also presumed to augment the market over the coming years. Furthermore, various benefits including flexibility and high-resolution imaging, along with convenient use of multi modal integrated workflows are expected to bolster the demand and increase product penetration throughout the forecast period.

Modality Insights

The largest share of around 30.0% was held by radiographic imaging in the modality segment owing to wide scale availability and cost-effectiveness, which are presumed to be key drivers for the market. The fastest growing segment is anticipated to be ultrasound imaging because of its accuracy and ability for rapid analysis. In addition, the radiation-induced side effects are minimized by use of these techniques, which is considered to be the potential factor for the segment growth.

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Software Type Insights

Integrated software held the largest share of more than 55.0%. Dominance can be attributed to high adoption of the software due to its benefits including, cost effectiveness and centralized data storage. Moreover, multiple users can process and view the data with the use of integrated software which provides live viewing features.

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The aforementioned factors are presumed to drive the preference of physicians and healthcare providers towards use of this integrated software. Also, lucrative growth rate is expected to be witnessed by stand-alone software with a CAGR of 7.5% throughout the forecast period due to its user friendly interface.

Application Insights

The major application of medical image analysis with a substantial market share was seen in the orthopedic segment in 2015. According to a report by CDC, over 52.5 million people in the U.S. were diagnosed with orthopedic related disorders in the period of 2010-12, which is expected to increase the utilization of medical image software in near future. Moreover, increasing geriatric population base and frequent product approvals for use of medical imaging systems in orthopedic is projected to boost the market growth.

End-user Insights

The largest share of around 32.0% was held by hospitals in end user segment. Supportive infrastructure, which helps in performing surgical intervention with medical imaging software. Moreover, favorable reimbursement by Medicare and Medicaid are increasing surgery volumes, where these devices form an important part of the procedures and contribute to market share.

Regional Insights

The largest share of over 33.0% in terms of revenue was held by North America in 2015. Presence of key market players, favorable initiatives by government, and high R&D investments are anticipated to be major drivers for the regional dominance. Asia Pacific region is to be considered as the highest growing region with CAGR of 9.7% throughout the forecast period. Growing in this region is majorly supported by the favorable government policies for incorporation of medical imaging software and devices to achieve accurate diagnostic results. Furthermore, increasing expenditure on healthcare in developing economies including India and China supports the growth of this region during the future period.

Competitive Market Share Insights

Some prominent market players are, Xinapse Systems Lts., Bruker Corporation, ClaroNAv Inc., Esaote Inc., Merge Healthcare Inc., MIM Software Inc., Aquilab GmbH, Spacelabs Healthcare Inc., Agfa-Gevaert Corporation, Toshiba Medical Systems Corporation, Siemens Healthineers, Carestream Health Inc., Philips Healthcare, and GE Healthcare.
The industry shows a high competitive rivalry owing to various strategic initiatives such as technological innovation inputs, acquisitions and merger, collaborations, and product launches. For instance, NEO new oncology AG was acquired by Siemens Healthineers in May 2016 to enhance their R&D capabilities product portfolio for treatment of cancer.

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, the global medical image analysis software market has been segmented on the basis of software type, modality, application and end user and region:

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Pharmacovigilance Software Market - PESTEL Analysis & Forecast by 2024

7 Nov 2018 - The global Pharmacovigilance (PV) Software Market size was worth 124.92 million in 2016 which is anticipated to grow at a CAGR of more than 6.6% during the forecast period. Increasing cases of Adverse Drug Reactions (ADRs) is the major attributing element for the growth of the PV software market over the forecast period. Augmented guidelines administered by the government authorities including European Medical Agency and the U.S. FDA are anticipated to encourage the adoption of the pharmacovigilance systems in coming years.

These systems have significance in the clinical research since they are applied to perform clinical studies and in carrying out post- marketing surveillance activities. Argus and ArisG are the most widely utilized PV softwares for the clinical studies globally. The advantages related to its usage include simplicity of access and minimized data redundancy that are expected to boost the market growth over the forecast period.
Furthermore, increasing withdrawals of the high profile drugs and the pressure on drug manufacturers to identify early signs of ADRs is expected to fuel the demand for these tools over the forecast period. Rising concerns toward patient safety and strict regulatory inspections to control the cases of serious ADRs are amongst the major contributing factors toward the growth. The increasing complication of drug safety regulations is thereby anticipated to fuel the demand.

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Functionality Insights

Increasing ADR cases propel the demand for cost-effective adverse event reporting systems that was accountable for the leading position of this segment in 2016. ADRs are the major reasons of morbidity observed in the developed countries. As per statistics stated by NCBI, in the year 2013, nearly 4.2- 30% of the overall hospitalization in the U.S. and Canada, whereas 2.1-5.2% in Europe was owing to rising adverse events, that is accountable for additional growth.

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Likewise, as per the study directed by the European Commission, adverse events lead to nearly 197,000 deaths annually. ADRs foist a sizeable burden on healthcare systems. These events are anticipated to cause rising demand over the forecast period.

Delivery Mode Insights

On-premise delivery mode includesinstalling services and solutions that computer- based andexistinside the organization. Even though these are to be installed in the organization premises, access can be obtainedto remote locations therebyoffering the advantage of minimized costs owing to power usage and system sustenance. The advent of cloud computing and also its fastacceptance by the healthcare IT providers isanticipated to restrain the development of the on-premise segment during the coming years.

End-Use Insights

PV softwares are broadly adopted by pharmaceutical and biotechnology organizations for reducing burden on the medical expenditures and to accelerate clinical trial programs. PV outsourcing is contemplated in pharma industry. The manufacturers are currently attempting to recognize various methods to control costs and reduce operational expenses through progressive shifting from being fully-integrated pharma companies to sharing costs through partnerships with contract service providers. These factors are anticipated to reinforcing the development of contract research firms which conduct pharmacovigilance services.
The services provided by these software providers are validation of data, scientific assessment, management and entry. The chief clinical research organization opt to outsource these assignmentssince they aid in improving internal resource flexibility, enhance timelines, and aidachieve better outcomes. It enables better pharmacovigilance via improved regulatory compliance, better quality and higher productivity with respect to management of information and enhanced strategic outcomes.

Regional Insights

North America held leading position in the overall market space in 2016. Rising pressure to sustain electronic medical records owing to the regulatory policies implemented by the U.S. FDA authorities is expected to drive industry growth. In addition, the existence of big pharmaceutical companies and the presence of enhanced technology for ADRs reporting are contributing to industry growth. Asia pacific market is expected to demonstrate profitable growth owing to increasing healthcare expenditure and availability of a huge pool of firms in this region.

Competitive Insights

Key players leading the pharmacovigilance software market are AB Cube, ArisGlobal, Ennov Solutions Inc., EXTEDO GmbH, Max Application, Online Business Applications, Inc., Oracle Corporation, Relsys, Sparta Systems, Inc. and United BioSource Corporation. The companies have focus on the growth of cost- efficient and completelycombined PV systems to attain profit and minimize healthcare expenditure. The companies are opting to enter into partnership collaboration with contract research firms, which provide customized services, in order toacquire a competitive benefit.

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Digital Therapeutics Market Revenue Share By Application, 2025

6 Nov 2018 - The global Digital Therapeutics Market size was estimated at USD 1.7 billion in 2016. Digital therapeutics is a subset of digital health and is used to track health conditions and self-management of a medical condition. A significant change in the usage of digital technology has created cognizance among users and has allowed increasing adoption of these services. Moreover, there has been increased burden of the chronic diseases that requires effective treatment and management. There are a lot of services provided by digital therapeutics that aid in embracing healthy habits and allow efficient tracking and management of conditions. Digital therapeutics is thus estimated to grow at a fast rate owing to increasing adoption among patients and other end users.

There has been a significant rise in internet usage among people which has been one of the significant drivers for the digital therapeutic market. Moreover, the treatment associated with the digital therapeutics is popular which is further adding to the growth of the digital therapeutic market. Chronic diseases are major problems and act as threats to the economy leading to high healthcare expenditure. For instance, according to the CDC, about 50 % of the adult population were suffering from the chronic diseases in 2012. As chronic diseases like diabetes, obesity and other respiratory problems are well managed with the help of the digital therapeutics they are being used on an increasing level. The market growth is affected by the lack of the effective monetization techniques which are faced by the application developers. There has been a shortage of the financial earnings which are partially fulfilled by the advertisements, paid content, and other prominent revenue generation strategies.

Application Insights

Based on the application, the market is classified into diabetes, obesity, cardiovascular diseases, central nervous system disease, respiratory diseases, smoking cessation, and others.

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Diabetes accounts for the largest market share of the application segment followed by other applications. Diabetes causes heavy burden on patients as well economies on the health front as well as the economic front. For instance, 8.3 % of the U.S. population suffer from diabetes while 35% of them exhibit prediabetes symptoms. Also diabetes is expected to show the fastest growth in the application segment due to the high prevalence and incidence of the disease. Digital management is helpful in the management of the symptoms of diabetes such as polyuria, polydipsia, and polyphagia. A large number of medical practitioners are using mHealth and have estimated that diabetes would reach its highest market limit in the next 5 years.

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End use insights

Based on end use, the digital therapeutics market is divided into the patients, employers, providers, payers, and others. Patients are the major consumers of the therapeutic healthcare programs and applications offered by digital therapeutics. The usage of these services has been attributed due to increasing cognizance and added benefits offered by digital therapeutics.
Hospitals accounted for the largest market share owing to increased usage of digital therapeutics services for patients admitted in these settings. The utilization of these services allows affordable and vital healthcare to patients.

Regional Insights

The digital therapeutics market by region is characterized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a market dominator in digital therapeutic market. Growing number of reforms to limit the surge in healthcare expenditure in the country coupled with drive to focus on a patient-centric healthcare approach is anticipated to be accountable for the same. Furthermore, North America is a major center of a great amount of digital therapy suppliers. The U.S. has been conveyed to spend about USD 3 trillion a year on healthcare. In order to limit this expenditure, there is a vigorous swing in the U.S. healthcare sector that emphasis focused towards palliative care, to endorse overall patient wellness as an alternative of medical treatment.
Asia Pacific is anticipated to record fastest growth rate, due to two main attributes, namely, a highly solid population base that adapts into an enormous target base and rapid development that involves fast changing technological scenario. Moreover, constant improvements in countries to check the deficiency of proper infrastructure and preserve sustainable growth through economic intervention is expected to help the market growth

Competitive Insights

Some of the key companies in the market comprises of Livongo Health; Twine health, Inc.; Omada Health, Inc.; 2Morrow, Inc.; Propeller Health; WellDoc, Inc.; Canary Health, Inc.; Proteus Digital Health, Inc.; and Mango Health, Inc. Digital therapeutics is in its preliminary stages of development and is expected to increase its presence in the digital market with increasing adoption of apps and services offered by developers. Dominant players in the market are focused on development of user friendly and simple interfaces that allows customers to use these services on a larger level at ease.
However, growth probability is considered to be great in the market, which is contributed by growing adoption of therapeutic applications by leading healthcare providers to provide better treatment options to patients.

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eClinical Solutions Market - SWOT Analysis, By Factor (Political & Economic) by 2025

10 Sep 2018 - The Global Eclinical Solutions Market size is predicted to value at USD 12.05 million by 2025, during the forecast period. The market is subject to undergo a substantial growth due to the rise in the R&D activities by number of bio-pharma and healthcare organizations, growing use of automated solutions in medical trials, and rise in the customer-base. Various advanced technologies such as electronic data capture via Wi-Fi enabled devices in the field of clinical trials, has led to rapid development in eClinical solutions industry in recent years.

The constant need for tracing and diagnosis of clinical data is influencing the clinics and hospitals to adopt of efficient clinical solutions, thus escalating market growth over forecast period. Additionally, the crucial need for highly efficient clinical process is poised to influence the growth of the industry. Globally, the eClinical solutions industry is predicted to grow at CAGR of 13.6% in the forecast period, thus providing numerous opportunity for market players to invest for research and development in the eClinical solutions market.

Latest trend associated with outsourcing of medical trials to the contract research organizations (CROs), growing number of these organizations, and environmental & life sciences are helping eClinical solutions industry to acquire immense traction in the upcoming years. Also, numerous research programs across the globe to implement low cost modules are responsible for stirring up the need for eClinical systems. Furthermore, digital revolution in the healthcare sector and ever-changing inclination towards the current data centric trends are expanding the reach of the market.
The constant need to embed clinical IT solutions is growing because of the large sets of data produced between clinical development procedures.

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eClinical systems provide a common source of data to allow cost optimization by removing undesired data entry and limiting need for online verification technique and data authentication rate. Growing awareness associated with the use of the eClinical solutions is advancing market growth during forecast period.

eClinical is commonly used to signify the automated electronic applications that are implemented in clinical research. The use of eClinical is significantly growing in the biopharmaceutical industry as well. Formerly, eClinical solutions is typically adopted for engineering application in the clinical trials similar to EDCs i.e. electronic data capture systems, electronic patient diaries, interactive voice response (IVR) systems, interactive web recognition (IWR) systems, e-PRO and other kinds automated systems that are commonly utilized in clinical trials. eClinical solutions are mostly web-based toolkits to capture real time data associated with the clinical trials to provide faster and superior execution of clinical processes. eClinical solutions are implemented with the help of software located on the server side, so it is not needed to install it on the desktop. There are various eClinical forums allowing users to share ideas via internet.

The conventional methodologies such as clinical trials were influenced by some of the critical factors similar to the growing competition, rising prices of medicines and strict governmental laws to limit adverse effects on the environment. With advent of the eClinical solutions, such factors are significantly diminished due numerous advantages provided with the use of the eClinical technologies. Benefits associated with adoption of eClinical solutions are superior performance, successful trials, reliability and short timeframes for execution of clinical trial, and cost-effectiveness.

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The eClinical solutions market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of modern techniques in healthcare sector and presence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the eClinical solutions industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing need for medical infrastructure and increasing occurrence of chronic diseases like cancer and cardiovascular disorders. The key players in the eClinical solutions market are IBM Inc., Oracle Co., Medidata Solutions Incorporations, Bio Clinical Solutions, DATATRAK Incorporations, CRF Health Solutions, ERT Inc., and eClinical Solutions.

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