Tuesday, January 29, 2019

Global Smart Medical Devices Market by Type and Size | Industry Report 2018-2023

The Global Smart Medical Devices Market is dynamic and is expected to witness healthy growth according to a report by Market Research Future. Biotech companies have identified this demand and are working toward catering to it by increasing investments toward the development of more efficient methods of self-administration of drugs. Patient-centric biologics and the growing participation of patients in their treatments have significantly increased the demand for Smart Medical Devices. This represents high potential for the development of treatment to pharmaceutical companies which are increasingly submitting drug approvals for biologics which is expected to be a significant driver of the Smart Medical Devices market.

Majority of large volume injectibles are presently administered via IV which require close monitoring in a clinical setting, and the ongoing nature of such drug administration has led to a demand for Smart Medical Devices. Reducing the need to visit a hospital and or appointments, self-administration in the comfort of one's own home is a highly attractive concept to patients with chronic diseases and is an important factor driving the demand for Smart Medical Devices.

Segmental Analysis

For the scope of research, MRFR's report offers a detailed segmental analysis of the global Smart Medical Devices market

By Type
  • On-body (adhesive patch)
  • Off-body (belt clip)
  • Hand-held
By Technology 
  • Spring-based
  • Motor-driven
  • Rotary Pump
  • Expanding Battery
  • Pressurized Gas
  • Collapsible Reservoir
  • Others
By Application 
  • Oncology
  • Diabetes
  • Auto-Immune Disorders
  • Cardiovascular Diseases
  • Infectious Diseases
  • Others
By End-Use 
  • Hospital
  • Clinic
  • Home Care Settings
  • Ambulatory Surgery Centers
  • Others
By Region 
  • North America
  • Europe
  • Asia Pacific
  • Rest of the world


Key Players

Market players of note in the global Smart Medical Devices market include Unilife Corporation, Johnson & Johnson Services, Inc., Debiotech S.A., Enable Injections, Sensile Medical AG, Becton Dickinson and Company, F. Hoffmann-La Roche Ltd., Amgen Inc., West Pharmaceutical Services Inc., Insulet Corporation, CeQur SA, and SteadyMed Therapeutics, Inc.

Regional Analysis

North America is a significant region due to the high prevalence of lifestyle diseases caused by excessively sedentary lifestyles, and poor dietary habits. The region includes the U.S which is home to a number of market players leading the Smart Medical Devices market. The presence of a well-established healthcare sector with rising expenditures and government support for the development of advanced therapeutics for cancer, diabetes and other chronic diseases are expected to drive the regional market.

The Asia Pacific has a high diabetic population and a large patient population suffering from cardiovascular issues. Moreover, the presence of a truly significant patient population among which the geriatric demographic is considerable, thus making it a potentially lucrative market for the Smart Medical Devices market. Governments in the region are increasing their support of the healthcare sector, and rising investments are expected to be conducive to the adoption of Smart Medical Devices. Moreover, the increasing, rising disposable of the population combined with increased awareness about advancements in healthcare technology are expected to drive demand and as a result, market growth


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Anesthesia Machine Market Size: Global Industry Demand, Growth, share & Forecast 2023

The growing number of surgeries performed around the globe is the prime driver of the market. Approximately 80 million inpatient surgeries were conducted in the U.S. in 2015. Advancements in anesthesia system technology and the shift away from general anesthesia towards partial anesthesia, coupled with the development of short-acting anesthetics is driving a change in trend. Thus, the predominant continuous flow anesthetic machine or Boyles anesthesia machine is giving way to the intermittent flow anesthetic machine.

Portability and miniaturization have led to growing adoption of anesthesia in point of care surgeries. The growing capabilities of anesthetic devices such as the ability to deliver variable flow, minimum low flow rate, scavenging systems to capture waste gases, emergency systems such as oxygen flush systems and others are driving the market.

Anesthesia Machine Market Segmentation:

The global anesthesia machines market is segmented based on type, clinical indications, source, form, end users, distribution, and regions.

Based on the type, the market comprises of continuous anaesthesia machines, intermittent anaesthesia machines, and others.

Based on clinical indications, the market comprises of nervous system surgeries, eye, ear and nasal surgeries, respiratory system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal system surgeries, and skin system surgeries, and others.

Based on components, the market is segmented into machines, ventilators, monitors, disposables, and others.

Based on the subject, the market is segmented human and veterinary.

Based on dimensions, the market is segmented into portable anaesthesia machines and stand-alone anesthesia machines.

Based on end users, the market is segmented into hospitals, the point of care, and others.

Based on the regions, the market is segmented as North America, Europe, Asia Pacific Middle East and Africa and rest of the world.


Competitive Dashboard:

Heyer Medical AG, Fisher & Paykel Healthcare, Koninklijke Philips N.V, Draeger, GE Healthcare, Covidien, Smiths Medical, Mindray DS USA Inc., and Teleflex Inc.

Regional Outlook:

North America commands the most significant share of the market due to a large number of surgeries and sizeable public expenditure on healthcare. The U.S. spends a substantial proportion of the GDP on healthcare, of which approximately 16 % in 2016. However, the recent reimbursement cuts by the government of U.S. may hinder the market.

Europe market is dominated by Germany, France, and the U.K. Owing to the extensive medical device industry of Germany. Poland, Spain, and Italy also have a sizable market share of the European market.

Asia Pacific region is expected to demonstrate the fastest growth for the anaesthesia machine market is owing to economic development and developing healthcare infrastructure. China is expected to drive a considerable growth followed by India. The leading domestic players, in China, are Tuoren Medical, Shengguang Medical, and Qiangjian Medical, which account for approximately 16 % of the local market share of China.

The Middle East and Africa are led by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. The Middle East is a market to watch owing to its high wealth and the development of large hospital complexes in the region such as the King Fahd hospital, Riyadh. The market is however dependent on petrodollar and the expat population, which is a threat to its stability. The kingdom of Saudi Arabia reduced its healthcare spending by 35 percent in the year 2016 to wean the downfall of revenues owing to falling crude oil prices. Saudi Arabia and other Gulf nations spend approximately 75 % of total healthcare expenditure through public budgets which must be seen as a threat as well as opportunity for the private players to capture the domestic market of Gulf economies.

Thus, the short-term prospects for the Middle East region are expected to rise to previous levels after 2018. The government is undertaking harsh fiscal adjustment owing to weak oil price. However, the high and satisfactory foreign reserves of Saudi Arabia, which equal over 95 % of GDP, and low public debt stock of just 5.8 % of GDP in 2015 are enough to say that the cuts will not be too drastic!

The Latin America market is characterized by poor domestic capacity and capability of production. China is expected to increase its share of the medical devices imports of Brazil, especially in low-end devices. Among the regions of Brazil, São Paulo, Minas Gerais, Bahia, Rio de Janeiro and Parana tops the healthcare expenditure list. However, the differential regional healthcare availability owing to extreme social and economic differentiation of the Brazilian population is the prime threat to the market. The inadequate health care in its vast rural areas, political turmoil, the weak Brazilian Real are the other threats to the market.


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Blockchain Technology in Healthcare Market Size, Share | Industry Analysis Report 2023

The blockchain in healthcare technology is growing in leaps and bounds paving the way for the innovative applications that can transform the delivery of healthcare services globally. The revolutionary effort achieved in data management and exchange by the application of blockchain in healthcare is among the foremost factors that are driving the market for blockchain technology in healthcare.

The use of blockchain in healthcare is also increasingly favored because of its capability to keep sensitive patient data secure easily accessible . The use of blockchain in the healthcare sector is motivated by its ability to ensure accountability of all the users on the network. Since, the exploitation of blockchain technology can link fragmented systems and create insights to evaluate the value of care better, the market share of blockchain in healthcare is mounting. The appositeness of blockchain in healthcare is reinforced due to the pressing need felt by healthcare personnel to consolidate information in a single and secure source, as vital information required for determining treatment options is dispersed about multiple systems and occasionally, and may not be at hand when required urgently.

The use of blockchain in healthcare is projected to gain impetus as healthcare service chains become more varied and spread out geographically. Patient health management is also found to be helped by the use of this technology. Moreover, one of the prime concerns in healthcare which is mobility is also better addressed.

Blockchain Technology in Healthcare Market Segmentation:

For the scope of research, MRFR’s report offers a detailed segmental analysis of the market.

By Application
  • Supply Chain Management,
  • Clinical Data Exchange & Interoperability,
  • Claims Adjudication
  • Billing
By End User
  • Pharmaceutical companies
  • Service providers
  • Healthcare consumers
By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)


Regional Analysis

The regional analysis of the blockchain in healthcare technology market consists of regions such as North America, Europe, Asia Pacific and Rest of the World. The North America region is expected to provide suitable opportunities for growth in the market due to the prevalence of the prominent contenders in the blockchain market in this region. Also, the adoption rates of the blockchain technology in the healthcare sector in North America are expected to be high because of the developed economies in the region. The European region is also anticipated to develop at a good pace due to the advances being made in the region in terms of blockchain technologies. The Asia Pacific region is expected to benefit tremendously from the integration of blockchain technology in the healthcare sector, as the number of healthcare facilities in the region will rise tremendously along with the number of patients seeking medical care in this region.

Competitive Analysis

The competitors present in the blockchain technology in the healthcare market are Factom, Microsoft, IBM, Medicalchain, Gem, iSolve, Patientory, Chronicled, FarmaTrust, Guardtime, Blockpharma, and PokitDok.

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Healthcare Cloud Computing Market Size, Share, Trends, Analysis, Overview 2023

Cloud computing offers several important benefits which have significantly impacted the general market for cloud-based technologies. The various features of the cloud deployment of IT software increase the collection of data in real-time and significantly improves data retrieval among other things. Cloud computing reduces overall costs as it is used without the need for physical infrastructure. The internet is used to store and manage data which also cuts down on maintenance costs. This is a significant driver of the global healthcare cloud computing market. Market Research Future has deeply examined the global healthcare cloud computing market to understand the various factors that influence growth in its upcoming report on the subject.

The IT revolution and widespread growth of and demand for cloud computing has affected the healthcare sector in a highly positive manner. The large amounts of data generated in healthcare has encouraged the adoption of cloud computing. The generation of large volumes of data has increased further with high adoption of Scalability and flexibility are some of the growth driving factors in the global healthcare cloud computing market.

Major healthcare cloud computing players are actively involved in the development of new and improved services which will continue to optimize operations in large and complex industries such as healthcare. Security risks and the concern regarding sensitive data being made available on the cloud is expected to restrain market growth. Cloud breaches with regards to data and inefficient backup activities undertaken by healthcare organizations are likely to pose challenges to market growth, which may be addressed to some extent in the coming years.

Healthcare Cloud Computing Market Segmentation:

The global healthcare cloud computing market is segmented in MRFR's report on the basis of applications, deployment, service, end-user, and region. Healthcare cloud computing has two key applications, namely Non -Clinical Information System (NCIS), and Clinical Information System (CIS). The CIS segment is further sub-segmented to include electronic health records (EHR), pharmacy information system (PIS), computerized physician order entry system (CPOE), and others.

Deployment of healthcare cloud computing segmented into private cloud, public cloud, and hybrid cloud. Healthcare cloud computing makes its possible to offer services in various innovative forms which include Software-As-A-Service, Infrastructure-As-A-Service, and Platform-As-A-Service. Healthcare providers and healthcare players make up the end-users of healthcare cloud computing .

The global healthcare cloud computing market is segmented by region into Europe, Latin America, North America, the Asia Pacific and the Middle East and Africa.

Global Healthcare Cloud Computing Market Is Segmented In MRFR's Report On The Basis Of Applications, Deployment, Service, End-User, And Region.

By applications
  • Non-clinical information system (NCIS)
  • Clinical information system (CIS)
By Deployment
  • Private cloud
  • Public cloud
  • Hybrid cloud
By end-user
  • Healthcare providers
  • Healthcare players
By service
  • Infrastructure-as-a-service (IaaS)
  • Software-as-a-service (SaaS)
Platform-as-a-service (PaaS)


Key Players

Eminent market players that have been included in MRFR’s analysis of the competitive landscape include GE Healthcare, Athena Health Inc., IBM Corporation, Sectra AB, CareCloud Corporation, Carestream Corporation, Agfa-Gevaert N.V., NextGen Healthcare, ClearData Networks Inc., Nuance Communications, Oracle Corporation, Siemens Healthineers, Microsoft Corporation, Cerner Corporation, Merge Healthcare Inc., and Dell Inc.

Regional Analysis

North America due to its inclusion of the U.S where there is a high concentration of market players and the presence of a significant healthcare sector is expected to be a significant market in the global healthcare cloud computing market. North America has a well-established healthcare sector due to the concentration of developed economies in the region. The region also displays an affinity for the adoption of advanced technology.


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Tuesday, January 22, 2019

Laboratory Information Systems Market Industry Booming Demand by Top Regions and Major Segments Till 2027

Laboratory Information Systems Market - Insights

The Global Laboratory Information Systems (LIS) is set to surge at CAGR of 7.3% during the forecast period (2016-2027), predicts Market Research Future (MRFR). There are several practice applications of a LIS that improve the day-to-day operations of a medical laboratory, along with prevention of medical errors.

A busy medical laboratory having many patients on a regular basis encounter difficulty in keeping all the patients’ information organized. Thus, a LIS system comes in handy, as it helps keep all this information organized, which is vitally important for a medical lab to run smoothly. Apart from this, rising integration of LIS and Electronic Health Record (EHR) and demand for quality and precision diagnosis are majorly supplementing the market growth globally. Moreover, increasing penetration of mobile applications in healthcare solutions coupled with growing popularity of cloud-based laboratory information system testifies for the market progress that has taken place in the past few years.

On the flip side, lack of skilled information technology (IT) professionals in the healthcare industry tames the flow of the progressing market. However, an array of opportunities stemming from emerging regions along with the consistently growing adoption of LIS are proof enough that the global market is en-route to brighter future prospects.


Laboratory Information Systems Market - Key Players

The key players that are involved in Global Laboratory Information Systems market are Cerner Corporation, Recent Developments, Eclipsys Corporation, LabVantage Solutions Inc, LabWare Inc, McKesson Corporation, Medical Information Technology Inc., Merge Healthcare Inc, STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc.

Industry Updates:

Nov 2014 Thermo Fisher launched a new ultracentrifuge which combines speed with safety and ergonomics, allowing researchers to easily protect samples while achieving reliable and consistent results.

Sept 2014 Cerner announced a strategic agreement with Intermountain Healthcare to provide clinical governance of solutions and workflow to be proposed for the Department of Defense’s Healthcare Management System Modernization (DHMSM) initiative.

Aug 2014 Cerner Corporation and Siemens AG signed a definitive agreement for Cerner to acquire the assets of Siemens’ health information technology business unit, Siemens Health Services, for $1.3 billion in cash. As part of the agreement, Cerner and Siemens will form a strategic alliance to bring new solutions to market that combine Cerner’s health IT leadership and Siemens’ strengths in medical devices and imaging services.

March 2014 LabVantage launched a new product known as LabVantage 7 Express for quality controlled smaller labs.

Laboratory Information Systems Market - Segments

Segmentation by Applications

Segmentation for Laboratory Information Systems market involves the following Applications such Clinical LIS Market, Drug Discovery LIS Market, Industrial LIS Market.

Segmentation by Components

Segmentation for Laboratory Information Systems market involves the following Components such as Software in LIS Market, Hardware in LIS Market, Services in LIS Market.

Segmentation by Delivery

Segmentation for Laboratory Information Systems market involves the following Delivery such as Web-based LIS Market, On-premise based LIS Market, Cloud-based LIS Market.

Laboratory Information Systems Market – Regional Analysis

Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.

The North America dominated the global Laboratory Information Systems market. The adoption of cloud computing is expected to rise in the U.S. healthcare sector due to continuous pressure to lower cost for customized healthcare services. According to clauses of the HIPAA, the healthcare industry in the U.S. has to adopt new systems that support electronic medical records (EMR) and share data in an efficient and secure manner with other healthcare providers and government agencies. This will lead to higher adoption of cloud-based LIS, which allow laboratories to share real-time information with hospitals and patients. In terms of LIS usage, North American and Western European markets are witnessing penetration, due to early adoption of healthcare technologies.

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The European LIS market is expected to grow moderately, driven by higher incidence rate of diseases and increasing patient awareness about new technologies. In addition, various government initiatives also helped in promoting the usage of LIS. Increasing demand for better healthcare facilities and rising need for integrated healthcare systems in the two regions are some of the key driving factors for these markets.

The LIS market is expected to grow in Asia-Pacific (APAC) due to increase in the incidences of diseases. Asia and Latin America are among the fastest growing markets for LIS; rising investments from healthcare IT players and government initiatives are some of the key driving factors for LIS in these regions. Many international LIS firms have started investing in developing regions of the world, such as Asia and Latin America, in order to increase their presence in high potential markets.

Major Table of Content

Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:


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Insulin Pump Market Key Manufactures Shares, Analysis and Forecasts Till 2023

Global Insulin Pump Market – Overview

The Insulin Pump is a device garnering huge popularity worldwide, owing to the advancement in the physiologic programmable technique for insulin delivery which has made these pumps adaptable and lifestyle friendly.

The Insulin Pump Market has been driven primarily by the growing prevalence of diabetes worldwide. The global insulin pump market has risen in demand as the prevalence of diabetes has grown thanks to the growing popularity of a sedentary lifestyle and increasing consumption of junk food. The global prevalence of diabetes among adults over 18 years of age has almost doubled over the last three decades, according to the WHO, with around 422 million people estimated to be suffering from diabetes around the world in 2014.

The development of technologically advanced insulin pumps that can be easily incorporated into the motions of a diabetes patient’s daily life has changed the game for the global insulin pumps market. Technological development in healthcare devices is a major part of healthcare research and is likely to remain the same over the forecast period, driving the global insulin pumps market.


Global Insulin Pump Market - Key Players

Some of the key players in this market are:

·         Braun Melsungen AG
·         F. Hoffmann-La Roche AG
·         Medtronics
·         Abbott Laboratories
·         Becton, Dickinson and Company
·         Sanofi
·         Insulet Corporation

Industry/ Innovation/ Related News:

July 03, 2018 – Insulet Corporation (Canada), one of the leading companies involved in tubeless insulin pump technologies including Omnipod® Insulin Management System, announced that its Omnipod System had been selected as the preferred insulin pump for diabetic patients in the province, under the expanded British Columbia PharmaCare insulin pump program.

June 25, 2018 - Tandem Diabetes Care, a medical device company, and manufacturer of the only touch-screen insulin pumps available in the United States, announced receiving the approval from the U.S. FDA for its t: slim X2 Insulin Pump with Basal-IQ technology. Basal-IQ is predictive low glucose suspend (PLGS) feature designed to help reduce the frequency and duration of hypoglycemia.

June 22, 2018 - Medtronic, (Ireland) a leading global prescribed insulin pump company announced that the U.S. FDA has approved its MiniMed 670G hybrid closed-loop insulin pump system to be used for children between the age group of 7 and 13 and have Type 1 diabetes, an incurable autoimmune condition that prevents the pancreas from producing insulin.

Global Insulin Pump Market - Segments

For the convenience of understanding, MRFR has segmented the report into three key dynamics.

By Types: Comprises Disposable insulin pump and Traditional insulin pump among others

By End-Users: Hospital & Clinics, Home Care, and Laboratories, among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

Key Findings

·         The Global Insulin Pump Market is expected to reach USD 8520.9 million by 2023.
·         By types, Traditional insulin pump segment holds the largest market share of Global Insulin Pump market and is expected to reach USD 4587.5 million by 2023.
·         By End User, Home Care segment is expected to grow at a fastest CAGR of 8.9%.

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Global Insulin Pump Market - Regional Analysis

In 2016, the North America market accounted for the leading market globally, capturing the largest market share in 2016. Factors supporting the market growth include increasing technological advancements in the healthcare industry and growing diabetic population in the region.

The Europe Insulin Pump market is expected to reach USD 2,784.5 million by 2023, growing at a CAGR of 8.7% during the review period.
Asia Pacific Insulin Pump market emerging as one of the promising markets is expected to grow at 8.9% CAGR during the forecast period 2017-2023.

Major Table of Content

Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:


Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: 
sumit.choudhari@marketresearchfuture.in