U.S. Practice Management Systems Market is Growing at Significant Rate, 2025: Grand View Research Inc.

San Francisco 11 September 2018: The U.S. practice management system market is expected to reach USD 11.11 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 10.3% over the forecast period. Demand for practice management system is growing due to increasing pressure to curb healthcare costs and changing dynamics of hospital/healthcare settings industry. Rising focusing on implementing cost-effective and quality care, which will boost the market demand.

Political instability, economic stress, and lack of proactive initiatives are questioning the healthcare funding. Despite healthcare-related funding and insurance programs, there has been a constant rise in healthcare cost in U.S., influencing healthcare providers. The healthcare expenditure in U.S. is around 2.4 times higher than the global average and is anticipated to increase by 68.0% in the next 10 years.

With the help of practice management systems, healthcare providers are now able to offer right treatment at effective price, thus reducing treatment costs. Some of the prominent companies in the market for U.S. practice management systems are Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEdge Healthcare Solutions, Inc.; Cerner Corporation; GE Healthcare; and McKesson Corporation.

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Further key findings from the study suggest:

·       Changing dynamics of healthcare settings/hospital industry along with the development and sale of value-added services is driving the market

·       The integrated systems segment capturedthe largest market share in 2017 mainly due to the benefits, such as enhanced efficiency and communication across various departments and reduced administrative and medical errors

·       Cloud-based practice management solutions segment is anticipated to witness the fastest growth over the forecast period

·       Cloud-based practice management solutions offer benefits such as readily available information that can be accessed even in the remote locations, higher reliability, and faster processing

·       Key companies in the market include Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEdge Healthcare Solutions, Inc.; Cerner Corporation; GE Healthcare; and McKesson Corporation.

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Grand View Research has segmented the U.S. practice management systems market on the basis of product, component, delivery mode, and end-use:

U.S. Practice Management Systems Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Integrated

·         Standalone

U.S. Practice Management Systems Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Software

·         Services

U.S. Practice Management Systems Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)

·         On-premise

·         Web-based

·         Cloud-based

U.S. Practice Management Systems End-use Outlook (Revenue, USD Million, 2014 - 2025)

·         Physician Office

·         Pharmacies

·         Diagnostic Laboratories

·         Other Settings

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Non-Invasive Prenatal Testing (NIPT) Market Forecasted to Grow at Steady Pace During 2018-2025: Grand View Research Inc.

San Francisco, 11 September 2018: According to a report published by Grand View Research, Inc.; the non-invasive prenatal testing (NIPT) market is likely to reach a valuation of around USD 5.5 billion by 2025. Factors such as increasing demand for non-invasive procedures, launch of new and advanced NIPT products, increasing focus on reimbursement schemes, and increasing maternal age linked with growth in the risk of chromosomal abnormalities in babies can propel the market over the forecast period (2014 to 2025). In addition, increasing awareness regarding prevention and screening of chromosomal anomalies is also expected to increase the demand in the coming years.

Development of prenatal testing in the form of noninvasive tests which acts as an intermediate step between serum screening and invasive diagnostic testing for determining the possibility of fetal abnormality is likely to boost the demand during the forecast period. Adoption of NIPT tests can reduce the expensive and risky invasive procedures like Chorionic Villus Sampling (CVS) and amniocentesis.

Additionally, coverage expansion offered by payers for average-risk pregnancies is expected to aid in cost-saving on amniocentesis tests and Down's Syndrome, which is expected to increase the adoption of non-invasive prenatal products. This is estimated to enhance the volumetric capabilities of the market, thereby increasing the overall market revenue. For instance, payers such as Anthem and Blue Shield have launched DNA-based NIPT screening tests for genetic disorders like trisomy 13, 18, and 21 is likely to increase the acceptance rate of these tests. Furthermore, there is less delineation between high and average risk. This is anticipated to improve the volumetric capabilities.

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The worldwide non-invasive prenatal testing (NIPT) market can be segmented on the basis of risk-type, gestation period, and regions. As per risk-type, the market can be categorized into high and Average Risk, and low risk. Based on gestation period, the market can be classified into 0 to 12 weeks, 13 to 24 weeks, and 25 to 36 weeks.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

In 2015, North America estimated for the largest market share. The growth in the region can be associated with increasing government investment for research and development (R&D). The development of whole-genome sequencing (WGS) is also likely to contribute to regional market growth during the forecast period due to the availability of technologically advanced and well-established healthcare research framework.

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Asia Pacific is likely to register a robust growth rate due to the growing average maternal age, high occurrence of chromosomal aneuploidies, improving healthcare infrastructure, rising per capita income, and growing awareness programs. The market in the region is also expected to create lucrative growth opportunities during the forecast period. This growth can be associated with the important contribution by countries including China and Japan for technical integration of next-generation sequencing (NGS) procedures and growing development of healthcare, clinical and research and development (R&D) framework in developing countries such as Australia and India. China is anticipated to offer huge opportunities for non-invasive prenatal screening, since, approximately nearly 900, 000 births out of 16 million annual births falls under high risk pregnancies.

Leading players operating in the market include Natera Inc.; F.Hoffmann-La Roche AG; Laboratory Corporation of America Holdings.; Berry Genomics; and LifeCodexx AG.

The participants in the markets are involved in the development and licensing of the software and cloud distribution model in order to expand the technology handover to other laboratories. The players are also emphasizing on gaining the characteristics of established equipment companies and developing lab companies to increase the largest revenue share. The NIPT related price loss in the market is likely to continue in the market. This is expected to increase the competition among the players and also restrict the revenue generation to an extent. Many market participants are focusing towards the analysis of cell-free fatal DNA (cffDNA) from a blood sample collected in the first trimester for developing reliable and accurate NIPT. Since, results obtained in the first trimester after screening are approximately 95% accurate.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Global Market for Oxygen Scavengers: Industry to Witness Tremendous Growth and Expansion by 2025: Grand View Research Inc.

San Francisco, 11 September 2018: According to a report by Grand View Research, Inc., global oxygen scavengers market is projected to value USD 2.67 billion by 2025. Growing need for fresh, healthy, and high-quality packaged food products is anticipated to fuel demand for oxygen scavengers. They are likely to offer oxygen absorption properties to retain quality of consumable food items such as vegetables, dairy products, fruits, and bakery products.   

High demand for fresh and quality packed food among consumers is expected to fuel growth of market in the coming years. Growing concerns regarding wastage of food owing to spoilage is likely to boost market growth. Increasing adoption of ready-to-eat food items owing to hectic schedules and long shelf-life can influence growth of market. Growing need for active packaging techniques to protect food from microorganisms and retain nutritional value is anticipated to boost growth of market during the forecast period (2014 to 2025).

Several health hazards related to use of oxygen scavengers can hinder market growth. More exposure or consumption of raw materials such as carbon, iron oxide, and hydrazine can be harmful to human health. In addition, it can also lead to irritation in eyes, headache, dizziness, breathing problems, and high blood pressure in humans. Hence, extra focus on instructions and safety measures can be taken into consideration while packaging of oxygen scavengers.  

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The oxygen scavengers market can be segregated on the basis of product type, end-use, region. Based on product type, the market can be bifurcated into metallic and non-metallic. In 2016, metallic segment dominated the market and accounted for maximum market share. Growing use of metallic oxygen scavengers to prevent mold formation, spoilage, and color change in food items can boost demand. In addition, easy handling and quick reaction of these agents can fuel growth of segment.

On the contrary, the non-metallic segment is expected to grow at a fast pace during the forecast period. It had generated revenue close to USD 632.0 million in 2016. Increasing use of non-metallic oxygen scavengers to pack products where metal detection can form taints is likely to spur its demand in the forthcoming years. 

    

Based on end-use, the market can be classified into pharmaceuticals, chemicals, oil & gas, food & beverage, and others. In 2016, food & beverage segment dominated the market and accounted for maximum market share. Increasing use of oxygen scavengers in food products to extend their shelf-life and prevent rancidity as well as loss of nutritional value can fuel market growth in the coming years.

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Growing adoption of oxygen scavengers in boiler water treatment to remove dissolved oxygen can influence its demand in chemical industry. In addition, growing need for effective corrosion inhibitors in oil and gas companies can spur its demand in the forthcoming years. Moreover, oxygen scavengers can also be used in other industries such as electronics, sugar, power, and pulp & paper. 

Regional segmentation includes Europe, North America, Asia Pacific, South & Central America, and Middle East & Africa. In 2016, North America dominated the market and U.S. accounted for revenue share equivalent to USD 580.4 million in the same year. Growing need for hermetically sealed foods coupled with stringent food safety regulations outlined by the Environmental Protection Agency (EPA) can boost growth of market. In addition, increasing adoption of oxygen scavengers in food, chemical, and beverage sectors can spur market growth during the forecast period.

In Asia Pacific, the market is anticipated to grow well in the coming years owing to high demand for safe and healthy food producing least amount of wastage. In addition, shifting focus of manufacturers towards emerging countries such as India and China coupled with expansion of end-use industries can encourage demand for oxygen scavengers in this region.

In Europe, Germany and France are expected to contribute to regional demand for oxygen scavengers in the forthcoming years. Extensive research and development conducted to enhance packaging technologies can augur regional market growth in the coming years.  

 

Some of the leading companies offering oxygen scavengers are BASF SE; Arkema Group; Baker Hughes; Innospec Inc.; and Accepta Limited. Most companies are expected to invest in R&D activities to develop innovative products that are less toxic. Developments combined with competitive pricing can support growth of market during the forecast period.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Gynecological Device Market Will Hit at a CAGR of 15.6% in terms of Revenues from 2012 to 2022: Grand View Research Inc.

San Francisco, 10 September 2018: The global gynecological devices market is expected to reach over USD 20.6 billion by 2022, according to a new report by Grand View Research, Inc. Prime drivers of the market include growing female population, increasing awareness levels pertaining to the benefits of early diagnosis, and available treatments.

Rising prevalence of sexually transmitted diseases has increased the demand for gynecological treatments. Prevalence of these diseases was observed to be higher in people aged between 15-24 years. For instance, according to the Centre for Disease Control and Prevention (CDC), around 39% of the patients with Chlamydia in the U.S. were aged between 20 and 24 years. Similarly, 33% of the patients with Gonorrhea in the U.S. were aged between 20 and24 years. 

Moreover, rising adoption of gynecological procedures is likely to boost usage rates over the forecast period. For instance, according to the Center for Disease Control and Prevention (CDC), the total number of obstetrical procedure performed in 2014 was more than 7.3 million in the U.S. According to The National Center for Health Statistics, in 2014, in the U.S. 3,988,076 child births were registered. 

The percent of C-section deliveries was 32.2% as compared to the number of vaginal deliveries. The rising numbers of these procedures owing to the growing population, growing awareness and increasing disposable income is expected to drive the gynecological devices market. 

Early disease detection is imperative in devising treatment schedules. Pertinent government and regulatory agencies in congruency with the aforementioned fact, are now focusing majorly on improving patient awareness levels. Efforts will most likely pay off, leading to a rapid rise in procedure volume. 

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Further key findings from the study suggest:

·       Surgical devices accounted for the largest market share of around 79% in 2014. High cost of surgical devices and repeat purchase of disposable products attribute to the segment’s large market share.

·       The segment is expected to maintain its market position throughout the forecast period owing to, the introduction of technically advanced and user friendly products and the subsequent rise in adoption rates.

·       Endoscopy devices were the largest revenue-generating sub-segment in 2014. Expanding application of endoscopy in gynecological procedures is one of the prime factors accounting for the segment’s revenue share. Moreover, availability of user-friendly, portable, and affordable products is likely to drive segment growth during the forecast period.

·       North America was the largest market in 2014. The presence of a well-established healthcare infrastructure, high adoption rate of advanced technology, and large number of skilled professionals are some factors spearheading regional market growth.

·       Asia Pacific is expected to grow at a significant rate of 10.6% during the forecast period. Rapid surge in procedure volumes as a result of the growing medical tourism market place is expected to drive regional market growth. Birth control policies in countries such as China and India are also expected to fuel growth over the forecast period.

·       Some key players of the gynecological devices market include Ethicon, Inc., Karl StorzGmbH & Co. KG, Hologic, Inc., Boston Scientific Corporation, Stryker Corporation, Olympus Corporation, Richard Wolf GmbH, Medtronic plc, and CooperSurgical, Inc. 

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Grand View Research has segmented the gynecological device market on the basis of product type and geography.

Gynecological Device Market by Product

·         Surgical devices

o    Gynecological Endoscopy Devices

o  Hysteroscope

o  Colposcope

o  Resectoscope

o  Laparoscope

o  Endoscopic imaging systems

·         Endometrial Ablation Devices

o    Hydrothermal ablation devices

o    Radiofrequency ablation devices

o    Balloon ablation devices

o    Others (cryotherapy, microwave, laser)

·         Fluid Management Systems

·         Female Sterilization/Contraceptive Devices

o    Permanent Birth Control

o    Temporary Birth Control

o  Intra Uterine Devices (IUD)

o  Intravaginal rings

o  Subdermal Contraceptive Implants

·         Hand Instruments

o    Vaginal Speculum

o  Disposable

o  Reusable

o    Tenaculum

o    Curettes

o    Trocars Market

o    Biopsy Forceps

o  Disposable

o  Reusable

o    Others

·         Diagnostic Imaging Systems 

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Impact of Existing and Emerging Bio-butanol Market Trends and Forecast 2012 – 2022: Grand View Research Inc.

San Francisco, 10 September 2018: The global bio-butanol market is expected to reach USD 17.78 billion by 2022, according to a new report by Grand View Research, Inc. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints.

Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period.  Bio-butanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol.

Glycol ethers are expected to grow at a CAGR of 10.9% from 2015 to 2022, in terms of revenue. Rising demand for glycol ethers on account of their various applications including solvents in liquid soaps, cosmetics, cleaning compounds, resins, paints, perfume and inks is expected to fuel growth in the next seven years. 

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Further key findings from the study suggest:

·       Prevalence of favorable government support for use of bio-based products coupled with stringent environment regulations on synthetically derived products is expected to augment growth in North America and Europe over the forecast period. Growing demand for greener paints and coatings in Asia Pacific has resulted in stimulating demand over the last few years. Low manufacturing cost and ease of refining is driving demand from various end use industries.

·       Bio-butanol demand in acetates exceeded 780 kilo tons in 2014. Growing demand from the textile industry is expected to stimulate growth over the next seven years. They are increasingly being used in detergents, cleaners and polishes which has augmented growth.

·       Europe bio-butanol market accounted for over 25.0% of the global market volume share in 2014. Government initiatives and stringent environment regulations has resulted in driving demand over the past few years and the trend is expected to continue over the forecast period. Presence of numerous manufacturers in Western Europe has been a major factor propelling growth.

·       Green Biologics, Solvay, Butamax, Cobalt Technologies and Gevo dominated the global industry in 2014. These companies are integrated across various stages of the value chain. Integration across numerous stages of the value chain results in continuous raw material supply as well as low manufacturing cost.

·       Advancement in fermentation and cellulosic extraction technology over the last few years has been a major reason for shifting trend towards bio-butanol. Joint ventures and alliances among various manufacturers and suppliers is a key feature of this market.

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Grand View Research has segmented the bio-butanol market on the basis of application and region:

Bio-butanol Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Acrylates 

·         Acetates

·         Glycol ethers

·         Solvents

·         Plasticizers

·         Others

Bio-butanol Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

o    U.S.

·         Europe

o    Germany

o    France

·         Asia Pacific

o    China

o    Japan

·         RoW

o    Brazil

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Global Medical Plastic Market 2018 | Industry Outlook & Future Forecast Report Till 2025: Grand View Research Inc.

San Francisco, 10 September 2018: According to a report by Grand View Research, Inc., global medical plastics market is estimated to value USD 33.6 billion by 2025. Growing need for less infectious and cost-effective raw material to manufacture medical devices and components is anticipated to propel demand for medical plastics. Such plastics are likely to offer durability, impact resistance, and moisture resistance in medical devices to reduce treatment costs and prevent infections.

Upgradation and enforcement of several infection prevention standards coupled with increasing number of surgical procedures is expected to stimulate growth of the market. Growing volume of surgical procedures attributed to increasing number of geriatric population can fuel growth of market in the forthcoming years. High demand for quality raw materials which can act as a substitute for metal for manufacture of medical devices owing to stringent infection prevention standards can boost market growth. Continuous technological advancements to develop advanced materials with improved performance and strength can influence growth of the market during the forecast period (2014 to 2025).

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Volatility in prices of oils used to manufacture different types of plastics such as polyethylene, polypropylene, and polystyrene can hinder market growth. In addition, increasing adoption of product in alternative applications can further obstruct market growth during the forecast period.

The medical plastics market can be segregated on the basis of application and region. Based on application, the market can be classified into medical components, orthopedic soft goods, orthopedic implant packaging, medical device packaging, cleanroom supplies, wound care, biopharma devices, mobility aids, sterilization and infection prevention, tooth implants, denture base material, other implants, and others. The medical device packaging segment is anticipated to witness maximum growth with CAGR of 6.3% from 2017 to 2025 owing to effective properties exhibited by plastics such as moisture and oxygen resistance. In addition, high strength and impact resistance offered by polypropylene can influence its demand for packaging medical devices.

Increasing use of polypropylene in orthopedic soft goods credited to its useful properties such as impact resistance and superior strength can spur growth of the segment in the forthcoming years. Orthopedic soft goods such as ankle-foot orthosis (AFO) can control motion and position of ankle and correct minor deformities in the foot.   

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Regional segmentation incudes Europe, Asia Pacific, North America, Central & South America, and the Middle East & Africa. In North America, the market is expected to grow in the coming years owing to increased healthcare spending among local patients owing to increasing cases of lifestyle disorders and diseases. The market is anticipated to grow at a CAGR of 5.9% from 2017 to 2025 attributed to high demand for generic drugs, devices, and healthcare services. In addition, growth of the pharmaceutical industry in countries such as Canada and Mexico can fuel market growth owing to rising demand for product in pharmaceutical packaging. Moreover, growing need for disposables attributed to high prevalence of diseases can drive demand for medical plastics in the region.

In Europe, the market is likely to grow well in the forthcoming years attributed to high demand for dental services and body contouring implants. In addition, growing adoption of cosmetic dentistry and increasing disposable income can spur demand during the forecast period. Moreover, restructuring of European regulations regarding consumption of medical devices can further drive growth of the market in the forthcoming years.

In Middle East & Africa, the market is anticipated to display significant growth owing to rising demand for medical components such as syringes, catheters, and gloves. In addition, rising preference for high-end medical facilities among consumers from lower and middle-income groups can fuel market growth.

In Asia Pacific, the China market is predicted to witness substantial growth attributed to increase in the geriatric population in the region. In addition, increasing public and private healthcare expenditure, rising cases of disorders, and high healthcare costs can influence growth of market in the forthcoming years.    

Some of the leading companies offering medical plastics are Celanese Corporation, Dow Chemical Company, Eastman Chemical Corporation, GW Plastics, and Rochling Group. Most companies are likely to involve themselves in development of new products to achieve market growth. In addition, companies can also invest in R&D activities to innovate products offering advanced properties.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco.The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com