Healthcare IT Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

San Francisco, 15 February 2019: The Report Healthcare IT Market Analysis By Application (Electronic Health Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems, PACS, Lab Information Systems, Clinical Information Systems, Telemedicine and Telehealth) And Segment Forecasts To 2020

The global healthcare IT market is anticipated to reach USD 104.5 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for enhanced healthcare facilities and introduction of technologically advanced systems are expected to boost industry growth.

Increasing geriatric population prone to chronic diseases resulting into high patient base is triggering the demand for sophisticated healthcare facilities. Furthermore, increasing number of patients requiring home healthcare acts as an effective growth driver for this market.

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According to a report published by the U.S. Centers for Disease Control and Prevention (CDC) in 2011, the number of patients needing home healthcare was nearly 4.7 million in the U.S. and is on a constant rise, which is further expected to fuel the healthcare IT market demand.

Advent of technologically advanced software, such as interoperable system and cloud computing, is expected to attract more investors focus on developing integrated healthcare system to curb problems associated with conventional procedures of record keeping. For example, the uses of e-healthcare record system to maintain patient database help to provide instant information about patients’ health in case of emergency.

Telecommunication and telehealth accounted for over 40.0% of the market share owing to the high usage rates in 2013. Introduction of technological advancements such as Teleimmersive Environment for Everybody (TEEVE) and Session Initiation Protocol (SIP) are the factors promoting this segment’s growth.

Electronic Health Records (EHR) is expected to register an upward shift to reach up to USD 26.72 billion in 2020. Growth is primarily driven by the rising demand for integrated information system in the field of healthcare IT. Faster accessibility and low maintenance cost are the two most significant factors contributing towards the rising demand of these EHR systems.

In 2013, North America market was valued at around USD 20.0 billion owing to the factors such as favorable government initiatives pertaining to the introduction of technologically advanced healthcare IT facilities, sophisticated healthcare infrastructure, and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region.

On the other hand, Asia Pacific healthcare IT market is expected to reach at over USD 19.6 billion by registering lucrative growth rate in 2020. Growth is attributed to the rising healthcare expenditure, larger untapped opportunities, and growing disposable income level.

Prominent players operating in this industry include Athenahealth Inc., GE Healthcare, Agfa Healthcare, Philips Healthcare, E-MDS Inc., Carestream Health McKesson Corporation, Carestream Health eClinicalworks, and Hewlett-Packard.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the global healthcare IT market on the basis of application and region:

Healthcare IT Application Outlook (Market Revenue in USD Million, 2012 - 2020)

·         Electronic Health Records

·         Computerized Provider Order Entry Systems

·         Electronic Prescribing Systems

·         PACS

·         Lab Information Systems

·         Clinical Information Systems

·         Telemedicine and Telehealth

·         Others

Healthcare IT Regional Outlook (Market Revenue in USD Million, 2012 - 2020)

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

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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

Optical Coherence Tomography Market is Projected to Boost USD 1.8 Billion by 2024: Grand View Research Inc.

San Francisco, 15 February 2019: The Report Optical Coherence Tomography (OCT) Market Analysis By Technology (Time Domain Based, Frequency Domain Based, Spatially Encoded Frequency Domain Based), By Type (Catheter, Doppler OCT, Handheld, Tabletop), By Application (Ophthalmology, Cardiovascular, Oncology, Dermatology) And Segment Forecasts to 2024

The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024, according to a new report by Grand View Research, Inc. Increasing incidences of ocular diseases coupled with rising technological advancement in diagnostics is expected to boost the market for OCT based imaging devices. Furthermore, rising applications in cardiology, dermatology, oncology and other diseases is anticipated to support market growth over the forecast period.

Improvement in the design of the devices along with utility of advanced software is expected to enhance the healthcare provider’s ability to accurately diagnose and manage chronic conditions. For instance, Optovue launched AngioVue Retina in June 2016, which is expected to provide ophthalmologist with a smooth integration of the optical coherence tomography angiography technology into the workflow.

Government support towards increased diagnostic rate is another vital impact rendering driver. For instance, the U.S. FDA have launched multiple programs to facilitate routine screening of geriatric patients, which forms a large portion of the target group. Availability of favorable reimbursement, is further expected to increase the diagnostic rate for conditions such as age-related macular degeneration, retinopathy, vitreomacular traction along with various other conditions.

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Further key findings from the study suggest:

·       The time domain segment spearheaded the optical coherence tomography market in 2015, whereas, spatially encoded domain OCT is expected to witness lucrative growth over the forecast period. This is the most advanced technology and finds application across various domains, thereby actively contributing to the market growth over the forecast period.

·       Ophthalmology forms the largest application segment and is expected to lose market share over the forecast period owing to the introduction of other application and their lucrative growth trend. For instance, application of these devices for dermatology imaging is predicted to be on rise over the next few years. The ability of OCT imaging devices to non-invasively provide 3D images up to 2-3 mm depth with higher resolution than ultrasound is expected to be the driver of this growth.

·       Asia Pacific region is predicted to witness the fastest growth by 2024 and hold over 25.0% of the market share. Presence of growth opportunities in regions such as Korea, China, India, Malaysia and others countries of South Asia are anticipated to be the vital impact rendering drivers. Furthermore, expansion of competitors and establishment of manufacturing units in the region are also anticipated to support growth.

·       Few of the key players include, Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Optovue, Michelson Diagnostics Ltd., Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc.

·       Carl Zeiss is a prominent participant of the OCT industry with product portfolio varying for time domain to spatially encoded frequency domain based devices. Their product Cirrus HD-OCT 5000 launched in 2013, is highly popular among ophthalmic practice.

·       Furthermore, the players are also developing modified components for these devices in order to meet the specific needs of clients. For instance, Thorlabs in August 2016 released, a polarization-dependent isolator and super luminescent diode which can be further customized.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-imaging

Grand View Research has segmented the global OCT market on the basis of technology, type, application and region.

Global OCT Market by Technology, 2013 - 2024 (USD Million)

·         Time Domain OCT (TDOCT)

·         Frequency Domain OCT (FD-OCT)

·         Spatial Encoded Frequency Domain OCT

Global OCT Market by Type, 2013 - 2024 (USD Million)

·         Catheter based OCT devices

·         Doppler OCT devices

·         Handheld OCT devices

·         Tabletop OCT devices

Global OCT Market by Application, 2013 - 2024 (USD Million)

·         Ophthalmology

·         Cardiovascular

·         Oncology

·         Dermatology

·         Others

OCT Market by Region, 2013 - 2024 (USD Million)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

Access Press Release of Optical Coherence Tomography Market@ www.grandviewresearch.com/press-release/global-optical-coherence-tomography-oct-market

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

Precision Farming Market Overview And Rising Dependency On Factors by 2025: Grand View Research Inc.

San Francisco, 15 February 2019: The Report Precision Farming/Agriculture Market Size, Share & Trends Analysis Report By Offering (Hardware, Software, Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting), And Segment Forecasts, 2018 - 2025

The global precision farming market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

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Further key findings from the report suggest:

·       The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.

·       The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.

·       The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.

·       Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.

·       Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.

·       Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.

·       Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.

·       The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the precision farming market based on offering, application, and region:

Precision Farming/Agriculture Offering Outlook (Revenue, USD Million, 2014 - 2025)

·         Hardware

·         Software

·         Services

Precision Farming/Agriculture Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Yield monitoring

·         Field mapping

·         Crop scouting

·         Weather tracking & forecasting

·         Irrigation management

·         Inventory management

·         Farm labor management

Precision Farming/Agriculture Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         South America

·         Middle East and Africa (MEA)

Access Press Release of Precision Farming Market@ www.grandviewresearch.com/press-release/global-precision-farming-market

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

Hydraulic Fracturing Market Analysis By Leading Players, Current Trends & Predictions by 2024: Grand View Research Inc.

San Francisco, 15 February 2019: The Report Hydraulic Fracturing Market Analysis By Technology (Plug & Perf, Sliding Sleeve), Material (Proppant (Sand, Ceramic, Resin Coated Sand)), Application (Shale Gas, Tight Gas, Tight Oil, Coal Bed Methane (CBM)) And Segment Forecasts To 2024

The global hydraulic fracturing market is expected to reach USD 81.10 billion by 2024, according to a new report by Grand View Research, Inc. Growing E&P companies’ concern towards declining production rates in conventional hydrocarbon reserves along with shifting focus towards developing unconventional oil & gas blocks globally is anticipated to drive the market growth.

Favorable initiatives by the U.S. and Chinese government in the form of financial aids, tax incentives and easy provision of FDI in the hydrocarbon sector are estimated to steer the industry expansion over the next few years. Several bans, moratoriums and pubic concerns regarding environmental impacts of the technology particularly in counties including France, Tunisia, Bulgaria, Romania, and South Africa are expected to remain key challenges for the industry participants over the forecast period.

Plug & perf technology dominated the global hydraulic fracturing market accounting for over 80% of the total revenue in 2015. The technique enables multistage fracking in cased holes and is widely used in tight oil and shale completions particularly in the U.S.

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Further key findings from the report suggest:

·       Proppants emerged as the largest fracturing materials with net revenue expected to exceed USD 14.0 billion by 2024. Ceramic proppants are anticipated to grow at an estimated CAGR of 7.6% from 2016 to 2024.

·       Shale gas dominated the global demand and accounted for 30.2% of the total hydraulic fracturing revenue in 2015. The emergence of the shale boom in the U.S. along with increasing acreage of shale basins globally particularly in China and Canada is expected to drive market growth in the segment. The U.S. hydraulic fracturing demand in tight gas formations was valued at USD 6.01 billion in 2015 and is expected to grow at a CAGR of 8.7% from 2016 to 2024.

·       North America hydrofracking industry dominated the global demand and is anticipated to remain the largest regional market over the forecast period. The regional market is anticipated to witness moderate growth over the next eight years to exceed a net worth of USD 65.0 billion by 2024.

·       Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to large available technically recoverable unconventional oil & gas reserves and increasing FDI flow in the hydrocarbon sector in China, India, and Australia. The region accounted for 6.6% of the global revenue in 2015 and is expected to grow at a CAGR of 12.1% over the next eight years.

·       The global hydraulic fracturing market was dominated by major oilfield services companies including Baker Hughes, Schlumberger, Halliburton, Weatherford, Calfrac Well Services, Cudd Energy and FTS International.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/conventional-energy

Grand View Research has segmented the hydraulic fracturing market on the basis of technology, material, application and region:

Global Hydraulic Fracturing Technology Outlook (Revenue, USD Million, 2014 - 2024)

·         Plug & Perf

·         Sliding Sleeve

Global Hydraulic Fracturing Material Outlook (Revenue, USD Million, 2014 - 2024)

·         Proppant

·         Others

Global Hydraulic Fracturing Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Shale Gas

·         Tight Gas

·         Tight Oil

·         CBM

·         Others

Global Hydraulic Fracturing Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Middle East & Africa

·         Central & South America

Access Press Release of Hydraulic Fracturing Market@ www.grandviewresearch.com/press-release/global-hydraulic-fracturing-market

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