Patient Engagement Solutions Market-Overview

The financing in the healthcare information technology (IT) sector has increased steadily, and this is estimated to motivate the patient engagement software solutions market 2020. The healthcare reports are made by Market Research Future, which includes market options for expansion. A USD 42,600 Million revenue potential is forecasted for the market by 2025 while evolving at a CAGR of 18.90%.

The paramount need to ensuring patient approval is projected to create an optimistic scope for the Patient Engagement Solutions Market in the forecast period. The chronic diseases are surging at an alarming rate, and this is estimated to create an accelerated application potential for the patient engagement software solutions market.

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The vital players in the patient engagement solution market are Athenahealth, Inc. (US), Cerner Corporation (US), IBM (US), Welvu (US), Aetna Inc. (US), Mckesson Corporation (US), Medecision, Inc. (US), Lincor Solutions (US), Orion Health Ltd. (New Zealand), Allscripts Healthcare Solutions, Inc. (US), Oneview Ltd (Ireland), and Get Real Health (US).

Segmental Analysis

The segmental appraisal of the patient engagement software solutions market has been conducted based on application, delivery mode, component, therapeutic area, region, and end-user.

Based on the end-users, the patient engagement software solutions market consists of healthcare payers, individual users, hospitals and healthcare providers, and others.

On the basis of component, the patient engagement software solutions market has been segmented into software, hardware, and service.

Based on the therapeutic area, the patient engagement solutions market is segmented into women’s health management, fitness management, chronic disease, and others.

The application-based segmentation of the patient engagement solutions market is segmented into health management, home health management, social management, and financial health management.

On the basis of delivery mode, the patient engagement solution market has been segmented into cloud-based, web-based, and on-premise.

On the basis of regions, the patient engagement software solutions market has been segmented into the Americas, Asia Pacific, Europe, Africa, and the Middle East.

Detailed Regional Analysis

The regional appraisal of the patient engagement software solutions market includes regions such as the Americas, Asia Pacific, Europe, Africa, and the Middle East. The Americas regional market is the largest patient engagement software solutions market. The application of incentives to move the encumbrance of risk from healthcare payers to suppliers and increasing insurance holders are expected to push the growth of the market. The necessity for patient engagement solutions is elevated in the European region owing to the growing number of healthcare centers in the region and intensifying implementation of novel technologies in the healthcare industry. The Asia Pacific regional market has the world’s largest population and, as a result, a fast-developing healthcare sector. Despite the evolving healthcare infrastructure, patient engagement solutions are exploited at every level of healthcare in numerous medical techniques, which is estimated to be accountable for the intensifying demand for patient engagement solutions in the region.

Competitive Analysis

The decrease in supply chain bottlenecks is appraised as a primary objective that challengers in the market are assessed to tackle urgently in the forecast period. The prerequisite for sustainability in the market is projected to be formed by renewing the open cash movements. The market is estimated to open up to new and lucrative opportunities for expansion in the forecast period. The contenders for the majority share are predicted to transform the market backdrop considerably in the forecast period. The government bodies of several countries are likely to play a central role in the revitalization of the global market, post the deceleration seen in the aftermath of the pandemic. The end-users in the market are estimated to show variety in terms of the preference in the coming period. The markets are estimated to conduct more of their business dealings online than in brick and mortar stores.

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Market Insights

A hearing aid refers to an electronic device that amplifies sound so that a person with hearing loss can listen and communicate in day-to-day activities. The three basic elements of a hearing aid are a speaker, a microphone, and an amplifier.

The global hearing aids market is set to attain a CAGR of 7% and hold a valuation of USD 10.2 Billion.

The global hearing aids market is driven by various factors such as increasing incidence of hearing loss, raising awareness about hearing loss treatment, increasing geriatric population, and the launch of new products. However, the truncated penetration of hearing aids and the rise in product recalls are likely to limit the progress of the global hearing aids market.

The global hearing aids market is presently influenced by several market players. The key players are involved in strategic collaborations and product launches to sustain their market positions.

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Key Players

Major market players that are actively driving the hearing aids market with their product and services include Audina Hearing Instruments, Inc., GN Store Nord A/S, SeboTek Hearing Systems, LLC, Arphi Electronics Private Limited, Cochlear Ltd, Microson, Starkey, Sonova, Sivantos Pte. Ltd., Demant A/S, WIDEX INDIA PRIVATE LIMITED, Zounds Hearing.

Market Segmentation

The global hearing aids market is broadly divided based on the product, product type, technology, hearing loss, and distribution channel.

The global market, based on the product, has been segregated into implants devices, and accessories. The implant segment is the fastest-growing segment.

The global hearing aids market has been bifurcated, on the basis of product type, into wireless and wired. Wireless is the fastest-growing segment due to technological advancements and product launches.

The type segments of the hearing aids market are classified into conductive, sensorineural, and others. The growth of the segment is owing to the high prevalence of hearing loss.

On the basis of technology, the global market is diversified into analog hearing aids and digital hearing aids. The digital hearing aids segment is anticipated to be both, the fastest-growing segment and the largest shareholder owing to its advantages over analog counterparts.

Based on the distribution channel segment, the global market is classified into e-commerce and retail stores and others. The e-commerce segment is anticipated to be the fastest-growing segment due to ease of access to products for customers.

Regional Outlook

Region-wise, Europe dominates the global market owing to sophisticated healthcare infrastructure and increased cases of hearing loss. The growing geriatric population in countries such as France, Germany, and the UK are predicted to spur the market in the region.

The Americas, standing at a second position in the global hearing aids market, is expected to show a noteworthy growth and sustain its momentum during the forecast period. The growth is attributed to rising healthcare expenditure.

Asia Pacific region is anticipated to become a rapidly developing market owing to rising numbers of hearing disorders and availability of hearing aids at affordable prices.

Moreover, limited penetration of hearing aids and lack of specialized healthcare facilities in the Middle East and Africa region is anticipated to show moderate growth trends in the region.

Recent Updates

Otolaryngologists have developed a novel solution that makes use of a flexible silicone-wrapped platinum electrode implant to present a hopefulness to those suffering from serious hearing impairment. These implants are body-safe, conformable, and resilient without the usual stiffness of metal implants. These implants are crafted with help of micron-level machining that is encouraged by kirigami paper cutting techniques.

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Market Highlights

The global orthopedic devices market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Increasing prevalence of osteoporosis, increasing cases of accidents, and increasing aging population are key driving forces for global orthopedic devices market. Technological advancement, new treatment methods, and changing medical sector are also major factors for market growth. Increasing funding for research and new product development is leading the market growth.

The orthopedic devices market was around US$ 43.8 billion in 2016 and is expected to reach US$ 58.8 billion which is projected to grow at a CAGR of 10.4% by 2023.

Taste the market data and market information presented through more than 86 market data tables and 64 figures spread over 129 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Orthopedic devices Market – Trends & Forecast, 2017-2023”

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Major Players in Orthopedic Devices Market:

There are plenty of large and small market players which operate in this market: DePuy Synthes Companies (US), Globus Medical, Inc. (US), Medtronic (Republic of Ireland), NuVasive, Inc. (US), Smith & Nephew plc. (UK), Stryker Corporation (US), and Zimmer Inc. (US)

Segmentation:

Global Orthopedic devices Market has been segmented

on the basis of type which comprise Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair, and Others.

On the basis of application, it is segmented into, Spine, Trauma and extremities, Knee, Hip, Foot and ankle, and others.

On the basis of end user, it is segmented into, Ambulatory surgery centers, Hospitals, and Medical research center.

Orthopedic devices is one of the steadily growing segment of medical devices. Most of the major brands are increasing their product portfolio related to orthopedic segment. Major players are investing huge money in R&D and new product development that leading competition in this market. Top brands are holding about 60% market share of global orthopedic devices market while other medium or small players are focusing on sub segments and capturing small market share. Major companies are adopting a specific strategy to enter and create unique space in this market. The different strategies includes, product launch, agreement and collaboration, partnership and expansion, joint venture and strategic alliance etc. Most of the key players expanding their business in developing region like Asia-Pacific. All the players are trying to grab major market share that makes this market more competitive.

Regional Analysis:

Considering the global scenario of the orthopedic devices market, North America is largest market for orthopedic devices. In 2016, Europe was holding major market share in global orthopedic devices market the countries like Germany, France and UK are holding major stake in this market. The Asia-Pacific (APAC) region is witnessing fastest growth of orthopedic devices market. While Middle East and Africa orthopedic devices market is growing steadily and expected to grow at lower than global average during the forecast period.

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Cell culture media, also known as media sera, is a key product used in the cell culture environment. Over the last few years, the media sera market size is increasing rapidly, mainly due to the extensive usages of these products in the rising numbers of pharmaceutical & biotechnology companies. The demand for these products from the pharmaceutical labs is continually rising due to the increasing R&D activities for the development of breakthrough drugs and therapeutics.

Furthermore, extensive usages of cell culture media in stem cell research, genetic & tissue engineering, toxicity testing, biochemistry, and cancer research, escalates the market on the global platform. According to Market Research Future (MRFR), the global cell culture media market is expected to reach a valuation of USD 2,070.71 million by 2023, registering approximately 6.9% CAGR during the assessment period (2017 -2023).

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Major Players:

Players leading the cell culture media market include Bio-Rad Laboratories, Inc. (US), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), GE Healthcare (US), Lonza (Switzerland), Becton, Dickinson, and Company (US), Corning Incorporated (US), HiMedia Laboratories (India), PromoCell (Germany), The Sartorius Group (Germany), Sera Scandia A/S (Denmark), and Fujifilm Holdings Corporation (Japan), among others.

Cell Culture Media Market- Segments

The report has been segmented into four major dynamics.

By Product Type: Reagents, Sera, Media [Stem Cell Media (Neural Stem Cells (NSCs), Bone Marrow, Classical Media, Mesenchymal Stem Cells (MSCs), Embryonic Stem Cells (ESCs), Serum-Free Media, others], and others.

By Application: Biopharmaceutical, Tissue-Culture & Manufacturing, Gene Therapy, Cytogenetic, and others.

By End User: Biopharmaceutical Companies, Academic & Research Laboratories, Hospitals & Diagnostic Centers, and others.

By Regions: Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.

Global Cell Culture Media Market- Regional Analysis

North America leads the global cell culture media market, heading with the substantial R&D investments made in the pharmaceutical and biotech industries. Well-developed economy is a major driving force behind the growth of the cell culture media market in North America, allowing adequate funding required for R&D. Moreover, the presence of many prominent players and increasing biotechnology companies impacts the regional market growth positively.

Europe stands second in the global cell culture media market in terms of size and revenues. Growing emphasis on R&D, especially in the biotechnology sector, is a significant growth driver. Resurging economy in Europe is playing a major role in the growth of the market, driving the pharma sector excellently. Also, factors such as the increased funding and rising numbers of specialty services offered by various health care providers substantiate the growth of the market.

The Asia Pacific market for cell culture media is growing briskly. Increasing numbers of research labs alongside the economic growth act as major tailwinds for the regional market growth. Moreover, the proliferating pharmaceutical industries and healthcare technologies drive the APAC cell culture media market, excellently.

Global Cell Culture Media Market- Competitive Analysis

Highly competitive, the global cell culture media market appears to be well-established, with several players forming a competitive landscape. To gain a larger competitive advantage in this market, players adopt strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product & technology launch try. Given the high growth potential and demand in the cell culture environment, players try to increase their production capabilities.

Key players try to provide flexible packaging systems in multiple formats, including custom configurations to meet customized requirements. They offer efficient containment & delivery systems that can preserve the physical, chemical, and functional characteristics of sterile fluids. They provide a range of cell culture products such as sera, media, reagents, and others combined with liquid-handling products, disposable vessels, and advanced surfaces that can provide life science researchers with a comprehensive portfolio of products.

Industry/Innovations/Related News:

February 20, 2020 --- Crossmark Global Holdings Inc. (the US), a leading global provider of investment management solutions, announced purchasing an additional 433 shares in Bio-Techne Corporation (the US), a holding company for biotechnology & clinical diagnostic brands. After buying these additional shares, the total worth of the company’s holdings in BIO-TECHNE reached USD 837,000.

December 05, 2019 --- Sartorius AG (Germany), announced the acquisition of a majority stake in Biological Industries (Israel).

Sartorius is a leading global supplier of pharmaceutical & laboratory equipment, and Biological Industries is a leading cell culture media developer and manufacturer. The acquisition expands Sartorius’ cell culture media offering and complementing our product portfolio, significantly. The deal was closed at approximately €45 MN (approx. USD 4,86,22,050) to expand its cell culture media capabilities.

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Market Highlights

Healthcare analytics market Healthcare analytics market is projected to register A CAGR Of 23% By 2027 and to touch USD 51.5 Billion By 2027.

The Healthcare Analytics Market is growing at a rapid pace, the major factors influencing the growth of the market include; increasing penetration of information technology in the field healthcare, better treatment plans in collaboration with pharmaceutical organizations, increasing availability of low-cost technology, and increasing use of EHR/EMR and clinical decision support system CDSS.

There have been increasing technological advancements in the past decade, and now this technology is available at a low cost. The technology including Cloud, SaaS and IaaS, and various others are proving to be a great advantage for the healthcare industry. These low-cost technologies have been putting economic and scalable tools into the hands of care providers. Furthermore, from data and analytics, the technology is also providing better transparency, making it feasible for payors and regulators to use healthcare analytics. The rising access to accurate data has already encouraged more than 70% of payors in the US to interchange to outcome-based plans.

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Key Players

Some of the major players operating in the global healthcare analytics market are SAS Institute Inc., Cerner, Allscripts Healthcare Solutions, Citiustech, Health Catalyst, McKesson, Optum, Oracle, IBM, SCIO Health Analytics, Vitreoshealth, Wipro, Inovalon, Cotiviti, Medeanalytics, and others.

Segmentation

The global healthcare analytics market has been segmented into type, component, delivery model, application, and end user.

Based on type, market segmented into descriptive analytics, predictive analytics, prescriptive analytics, and cognitive analytics.

Based on component, market segmented into software, hardware, and services.

Based on delivery mode, market segmented into on-premise and on-demand.

Based on application, the healthcare analytics market is segmented into Financial Analytics (Claims Processing, Revenue Cycle Management (RCM), Payment Integrity & Fraud, Waste, and Abuse (FWA), Risk Adjustment & Assessment), Clinical Analytics (Quality Improvement & Clinical Benchmarking, Clinical Decision Support (CDS)), operational & administrative analytics, population health analytics

Based on end user, healthcare analytics market segmented into Payers (Private Insurance Companies, Government Agencies, Employers and Private Exchanges), Providers (Hospitals & Clinics, Post-Acute Care Organizations, Ambulatory Settings), and others.

Regional Analysis

Geographically the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Geographically, the Americas is anticipated to dominate the global healthcare analytics market owing to presence of well-established players in the, well-established penetration of information technology in the field of healthcare, for instance, according to reports by the Centers for Disease Control and Prevention in 2017, approximately 86.9% of the hospital-based physicians used the EMR/EHR system. This growing inclination towards healthcare IT to offer efficient care and rising government initiatives would fuel upmarket growth during the forecast period. However, the Asia-Pacific region is expected to grow at the fastest growth rate. The major factors influencing the growth of the in the region include; increasing need to reduce medical errors is driving the growth of the healthcare analytics market. An increasing number of new vendors involved in healthcare analytics is also expected to drive the growth of the market over the forecast period.

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Market Highlights

It is estimated that the global microbiome sequencing services market is expected to register a CAGR ~ 19.22% during the forecast period of 2018–2023, with an estimated market value of USD 555.1 million in 2017.

Numerous factors such as high investment in next-generation sequencing, rising genome mapping programs in various countries, and the demand for microbiome research is anticipated to fuel the growth of the market. Moreover, the increasing investments in next-generation sequencing by various public and private organizations have created a lucrative option for many companies to invest in providing microbiome sequencing services, leading to the overall growth of the market. For instance, according to the data published by the Wall Street Journal in 2016, reported that venture funding in microbiome firms raised by 458.5% to USD 114.5 million from 2011 to 2015.

However, the lack of skilled technicians, and ethical and legal issues related to genome sequencing, and unaffordability of microbiome sequencing services in certain economies is expected to curb the growth of microbiome sequencing services market.

The global microbiome sequencing services market is currently dominated by many market players. The key players in the market are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in November 2017, Microbiome Therapeutics, LLC launched the first microbiome modulator. This product is a natural blend of prebiotics manufactured to help nurture and nourish beneficial microorganisms in the lower gut. Also, in January 2018, Illumina launched Base Space Sequence in China. It is a cloud-based solution used for genomic data storage and analysis of samples.

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Key Players

Some of the key players in the global microbiome sequencing services market are Metabiomics Corp., Baseclear B.V., Clinical Microbiomics A/S, EPIBIOME, Merieux Nutrisciences Corporation, Microbiome Insights Inc., Microbiome Therapeutics, LLC., MR DNA, Rancho Biosciences, Second Genome, Ubiome, Inc., and Zymo Research Corp.

Segmentation

The global microbiome sequencing services market has been segmented into technology, application, and end user.

The market, based on technology, has been segmented into Sequencing by Litigation (SBL), Sequencing by Synthesis (SBS), short gun sequencing, targeted gene sequencing, RNA sequencing, and others.

The market, by application, has been further segmented into gastrointestinal diseases, infectious diseases, CNS diseases, oncology, and others.

The market, by end user, has been segmented into research and academic institutes, pharmaceutical and biotechnology companies, and others.

Regional Analysis

The market in the Americas is expected to dominate the global microbiome sequencing services market during the forecast period owing to the increasing per capita healthcare expenditure, and the heavy adoption of new technology in the region. Europe is expected to hold the second largest position in the global microbiome sequencing services market. The market growth in this region is because of the presence of a well-established healthcare system and increase in life-threatening diseases. For instance, according to cancer research UK, there were approximately 9, 921 cases of cancer diagnosed in 2015. Such high rates of cancer are likely to increase demand for use of next-generation sequencing as well as increase the market demands for monoclonal bodies and cellular research. These factors are expected to have a positive impact on the microbiome sequencing services market. Asia-Pacific is estimated to be the fastest growing region in the market due to the huge patient pool of chronic diseases and government initiatives of healthcare reforms. The market in the Middle East & Africa is likely to account for the smallest share of the global microbiome sequencing services market. The market growth in this region owes to the low disposable income in the region.

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Market Synopsis:

Market Research Future (MRFR)’s latest study reveals that the global bone graft substitutes market is expected to expand at 6.52% CAGR during the forecast period 2017 to 2027. The market is set to reach a valuation of USD 5,031 Mn by the end of the assessment period. The increasing prevalence of diseases related to bones has intensified the demand for bone graft substitutes. Additionally, the rising awareness about the developments in bone graft substitutes coupled with rising healthcare expenditure is likely to augment the market size and revenue over the next couple of years.

The painful procedure related to autografts have paved the way for developments in the Dental Bone Graft Substitutes Market. Hence, the demand for alternatives such as allografts, xenografts, and synthetic bone grafts has been on the rise. It is projected to aid the proliferation of the market in the forthcoming years by accelerating its adoption.

The growth of the bone graft substitutes market is guided by the factors such as increasing orthopedic problems, exponential geriatric population, and rising demand for reconstructive orthopedic treatments. The adoption of bone graft substitutes in the oral healthcare sector is another factor responsible for catalyzing the growth of the bone graft substitutes market through the assessment period.

The bone graft substitutes market is poised to remain highly lucrative in the foreseeable future. However, risks associated with disease transmission in allografts and xenograft as well as graft rejection, improper fixation, etc. are prognosticated to restrict the market expansion over the forecast period.

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Competitive Dashboard:

Sone of the key players profiled in the report includes ACE Surgical Supply Company, Inc., Dentium Co., Ltd., BioHorizons IPH, Inc., Dentsply Sirona, Medtronic plc, Stryker Corporation, Zimmer Biomet, and Institut Straumann AG.

Market Segmentation:

By type, the global bone graft substitutes market is segmented into autograft, demineralized bone matrix, synthetic bone grafts, bone morphogenetic protein, and others.

By application, the bone graft substitutes market has been segmented into spinal fusion, joint reconstruction, long bone, dental, foot & ankle, and others.

Regional Insights:

By region, the global bone graft substitutes market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas accounted for the largest share of the global market in 2016. It is expected to retain a significant share of the market by the end of 2027 striking a CAGR of 6.1%. The growth is attributable to the technological advancements in health care, the presence of key players, etc. The developed healthcare sector of the U.S. is poised to be one of the primary revenue generators in the regional bone graft substitutes market.

Europe is the second largest market for bone graft substitutes. It is estimated to thrive at 6.76% CAGR owing to increasing awareness about bone graft substitutes and rising healthcare expenditure. Meanwhile, Asia Pacific is set to register a relatively higher CAGR of 6.85% during the forecast period. The presence of fast-developing economies such as China and India are immensely supporting the growth of the bone graft substitutes market in the region. The trend is likely to perpetuate over the next couple of years.

The Middle East & Africa is expected to exhibit steady growth due to the developments in the healthcare sector in Gulf nations. However, the poor socio-economic situation in African regions remains an impediment to the market growth.

Industry Developments:

In August 2018, BoneSupport, a Scandinavian orthobiologics company, won Health Canada approval for Cerament G bone graft substitute.

In September 2018, Baxter International Inc., an American healthcare company, received FDA clearance for its Actifuse Flow bone graft substitute. It shall be used in orthopedic surgical procedures.

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High stress levels and deadlines at the workplace have caused many a breakdown among employees. Corporate wellness programs are designed by large organizations by themselves or with the help of others for ensuring the wellbeing of employees. They contain a holistic approach and deal with employee behavior in a steady manner. The global corporate wellness market report by Market Research Future (MRFR) analyzes the value of various solutions by prioritizing employee health.

Market Outlook

The global Corporate Wellness Market is estimated to exhibit 7% CAGR from 2018 to 2023 (forecast period) to reach a large valuation. The market size stood at USD 49.7 billion in 2017. Programs designed for keeping stress levels under check are expected to drive market growth. According to a report by the U.S. Department of Health and U.S. Department of Labor, nearly 80% companies in the United States with strength of over 50 employees offer some wellness program. Focus of large corporations to reduce healthcare expenses and advocation of positive behavior at the marketplace are other market drivers. Furthermore, rise of private capex, surge in white-collar worker numbers, and increasing prevalence of lifestyle diseases such as obesity, smoking, and lethargy are factors which can influence the market growth till 2023.

Coaching services which can foster long-term relationships between employees and employers are gaining traction. Implementation of coaching and wellness programs can spell low leave rates due to absenteeism. Companies with forward thinking approaches and with an aim for increasing efficiency can augment the corporate wellness market demand till the end of the forecast period.

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Competitive Outlook

Central Corporate Wellness, Truworth Health Technologies Pvt. Ltd., EXOS, Sodexo Group, Wellness Corporate Solutions, LLC, 1to1help.net Pvt. Ltd., Privia Health, SOL Wellness, ProvantHealth (Hooper Holmes, Inc.), Wellsource, Inc., Virgin Pulse, ComPsych Corporation, Marino Wellness, Bupa Wellness Pty Ltd, and The Vitality Group, Inc., are notable players currently operational in the corporate wellness market.

Segmentation Analysis

The corporate wellness market is segmented by category, service type, and end-user.

By category, it is segmented into smoking cessation, health screening, health risk assessment, nutrition & weight management, stress management, and others. Among these, the health risk assessment segment accounted for the largest market share in 2017 with corporations implementing intervention programs to prevent the chances of burnouts or breakdowns.

By service type, it is segmented into organizations, psychological therapists, and fitness & nutrition consultants.

By end-user, it is segmented into large-scale businesses, small-scale businesses, and medium-scale businesses.

Regional Analysis

Asia Pacific (APAC), the Middle East & Africa (MEA), the Americas, and Europe are regions covered in the global corporate wellness market report.

The Americas is projected to dominate the global market due to establishment of various corporate wellness programs for boosting employee morale and promoting a healthy work culture. It was the leading region in 2017 due to expanded healthcare budgets of nations of the U.S. and Canada, rise of lifestyle diseases, and offerings of wearables to employees. Tie-ups with wellness centers and spas can be beneficial to the market.

The Europe region is expected to experience a giant windfall in the coming years due to increasing investments in wellness programs. Moreover, tax benefit schemes accorded to enterprises such as Fit for Work initiative in the U.K. can bode well for the market. The regional growth can be supported by incorporation of health and wellness programs by medium to large enterprises.

The APAC region can experience a robust growth rate due to corporate social responsibility (CSR) initiatives being a tax benefit for large organizations. Large employee workforce in China and India can trigger the demand for wellness activities. Lastly, the MEA region can register a modest growth rate due to investment in employee health and change in healthcare reforms in the United Arab Emirates (UAE).

Industry News

Corporate wellness programs are focusing on female employees in an attempt to bridge the large gender divide at the workplace. For instance, the program at Deloitte India offers women employees counselling services at the time of pregnancy and does check-ins with expectant mothers on diet, health and nutrition, and anxiety.

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Market Highlights

Following a careful analysis of the latest trends, Market Research Future (MRFR) in its latest report states that the drug device combination market is on track to demonstrate a healthy growth rate of 11.4% during the forecast period (2018-2023).

Growth Drivers and Top Barriers

Drug device combination allows early diagnosis along with shorter treatment duration in most of the surgical procedures. The surge in the demand is also the result of various other benefits including minimal pain, improved safety, cost efficiency, high efficacy, speedy recovery, and decreased hospital stay owing to these devices. The growing number of regulatory healthcare authorities defining the strict protocols for premarket authorizations is projected to prompt the manufacturers in getting approvals for their products. For instance, the United States (U.S.) FDA had come up with the lean management process mapping approach for developing a more streamlined, cohesive, collaborative and systematic system to analyze the said products. The stringent safety guidelines as well as recommendations by the authorities across the globe are poised to raise the adoption rate of these products in the coming years, stimulating the growth of the overall market.

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Market Segmentation

The worldwide Drug Device Combination Market has been segmented on the basis of product, application, and end user.

In terms of product, the market can be broken down into catheter, advanced wound care products, and others.

Application-wise segments in the market are coronary angioplasty, tachycardia management, non-cardiovascular treatments, peripheral arterial disease (pad), bone treatment, antimicrobial applications, wound care, ophthalmic treatment, and others.

The end users covered in the report include hospitals & clinics, ambulatory centers, and academic & research organization, and others.

Companies Profiled

The leading participants in the worldwide drug device combination are Abbott Laboratories, AlloSource, Biomet Orthopedics, Inc., Wright Medical Group, Inc., Biotronik, Boston Scientific Corporation, St. Jude Medical Inc, 3M Inc., Covidien Ltd, Biometrix Medical, Stryker Corporation, C.R. BARD, Zimmer Holding, Inc., Cook Critical Care, Inc., Smith & Nephew Plc, and others.

Regional Segmentation

The Americas, Europe, Asia Pacific and the Middle East & Africa are the key regions in the global drug device combination market.

The Americas has left other regions in the lurch with the dominant share of the overall market, due to the growing prevalence of cardiovascular diseases coupled with the existence of prominent players based in the region. Moreover, appropriate reimbursement policies, elevated spending on healthcare, and a well-established healthcare industry in the United States (U.S.) and Canada are identified as the crucial drivers for the drug device combination market in the region.

The data experts report that Europe had been at the second position in the global drug device combination market in 2017, with factors like the presence of a highly-developed healthcare infrastructure, surging awareness about the devices and the massive contribution of developed nations in the region backing the market growth. On top of that, a humungous patient pool is powering the regional market further.

Expanding at the fastest growth rate as reported in 2017, Asia Pacific is launching ahead backed by the growing penetration of prominent vendors into the region, booming healthcare sector and rising support of the government for foreign investments. A report furnished by the Indian Brand Equity Foundation in 2017 states that the Indian healthcare industry was predicted to expand at a CAGR of 22.87, with further predictions of it set to reach the valuation of USD 280 billion by the year 2020. These favorable numbers are expected to subsequently work in favor of the drug device combination market in the following years.

Finally, the Middle East and Africa accounts for the smallest share in the worldwide drug device combination market because of the presence of poor countries as well as low per capita income, particularly in the Africa region. The regional market is forecasted to be governed by the Middle East as a result of the growing government funding in a bid to expand the healthcare industry, in addition to the presence of flourishing nations such as the United Arab Emirates, Dubai, Saudi Arabia, among others.

Industry News

May 2019: Medtronic PLC MDT has recently launched the Telescope guide extension catheter that will offer support as well as access to the distal lesions. This product launch reflects the company’s entry marks the company’s entry into the guide extension catheter market and subsequently the drug device combination market.

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Global Asia-Pacific Integrated Operating Room Systems Market Applications to Capture 10% CAGR Between 2018 and 2023

Modern integrated operating room management systems are becoming more effective and efficient. This is on the back of the tremendous technological advances taking place in the healthcare sector. A higher level of emphasis is being placed on improving the precision of healthcare services. Government authorities are actively focusing of healthcare modernization. Such factors are influencing the global Integrated Operating Room Management Systems Market Market Research Future (MRFR) projects that global integrated operating room management systems market will witness 10% CAGR during the forecast period (2018-2023).

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Competitive Landscape

Key players operating in the global integrated operating room management systems market include Olympus Corporation of the Americas (Image Stream Medical, Inc.), Skytron LLC, Canon Inc and Steris PLC, Danaher Corporation (Leica Microsystems GmbH), Johnson & Johnson Services Inc., Stryker Corporation, Karl Storz GmbH & Co. KG, Cook Medical, Barco, Koninklijke Philips N.V., and GE Healthcare.

Segmental Overview

MRFR’s report includes a detailed segmental analysis of the global integrated operating room management systems market based on device, surgical application, and type.

On the basis of device, the market has been segmented into operating room lights, operating room communication systems, operating tables, intraoperative diagnostic devices and others. In 2017, the intraoperative diagnostics devices segment accounted for the lion’s share. Additionally, the segment is likely to maintain its leading position throughout the assessment period and reach a valuation of more than USD 450 Mn. The operating table segment is expected to retain its second spot during the forecast period, posting a CAGR of 10.3%.

On the basis of surgical application, the market has been segmented into diagnostics imaging and therapeutics. The therapeutics segment currently accounts for the largest market share and trend is likely to continue in 2019 and beyond. In addition, the segment is expected to demonstrate 10.3% CAGR during the forecast period.

On the basis of type, the market has been segmented into recording & documentation system, audio & video management system, anesthesia information management, operating room procedure scheduling system, operating room inventory management system, and instrument tracking system. In 2017, the anesthesia information management segment accounted for the largest market share, surpassing a valuation of USD 170 Mn. Whereas the audio & video management segment is projected to exhibit the highest CAHR during the forecast period.

Global Integrated Operating Room Management Market: Regional Segmentation

Regions covered in the report include Asia Pacific (APAC), the Middle East & Africa (MEA), Europe and the Americas. In terms of revenue, the Americas currently account for the largest market share. The region’s dominance is likely to remain unchallenged throughout the forecast period. Market growth in the region can be attributed to the rapid adoption of advanced medical devices along with the increasing number of surgical procedures. The market in Americas is expected to witness 9.9% CAGR during the assessment period.

Europe is second in the pecking order. Europe is home to a large number of medical technology companies, which is a positive factor for the market. The Europe market is projected to exhibit a healthy CAGR during the review period.

APAC holds the third spot, the market in APAC is projected to exhibit the fastest growth during the assessment period. The APAC market is expected to reach a valuation of USD 415.79 Mn by 2023. Growth medical tourism, increased healthcare expenditure and increased government backing are some the factors supporting the market growth in APAC.

Industry Outlook

GE Healthcare recently introduced 21 new products and smart innovation solutions focused on Cloud Electrocardio Solution, Cardio MR AI Solution, Cloud Image Solution and APM Asset Cloud Manager in CMEF spring 2019 edition. The companies also displayed its latest R&D successes in the event.

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

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

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New York 10013