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Healthcare ERP Market: Emerging Trends, Business Growth Opportunities, Major Driving Factors

5 min read

Global Healthcare ERP Market: Overview

Over the past couple of decades, enterprise resource planning (ERP) systems and associated technologies have garnered considerable traction across diverse industries beginning with the manufacturing sector. The promise of several gains accrued from the deployment of ERP system underpins its burgeoning popularity.

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The gains entail large efficiency improvements across business processes of organizations, streamlining communication across departments, better productivity, and the several strategic benefits to managers. Healthcare industry is no different. For long, healthcare organizations including hospitals world over are seeking ways to successfully implement ERP to boost operational efficiencies, notably with respect to key performance indicators (KPIs), and optimize cost, especially from their back-end operations.

The implementation of ERP can span vast spectrum of areas or functions such as inventory management, supply chain management, patient relationship management, finance and billing, compliance management, medical equipment, and revenue cycle management. ERP system in the healthcare industry also plays a crucial role in synchronizing patient database and take patient interaction with clinicians on the next level. The integration of ERP with their health IT infrastructure has enabled players in the healthcare industry to modernize their IT systems.

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The report strives to provide a holistic insight into the various market dynamics, prominent trends, and the prevailing competitive ecosystem. Market participants perusing through the study will get several evidence-based insights into imminent investment pockets and emerging opportunities in various regions.

Global Healthcare ERP Market: Trends and Opportunities

The rising demand for IT solutions among healthcare professionals and clinicians that will assist them in extending quality patient care and at affordable cost is a key factor driving the demand for enterprise resource planning in the healthcare industry. The need for improving operational efficiency in the healthcare industry has fortified the demand for healthcare ERP solutions. In this regard, the substantial need for integrating patient information and health data across disparate systems and applications is driving the adoption of healthcare ERP. Such an integration of data has led healthcare providers speed up payments from insurance providers, thereby enhancing patient care.

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The crucial shift to value-based care being made by a growing number of healthcare organizations, especially in developing and developed regions, has provided a robust underpinning to the growth of the market. The market has been witnessing attractive strides in recent years from the growing digitization of healthcare systems. However, promoting the concept of one-size-fits-all system in ERP healthcare market may be laden with caveats for companies of varying sizes and healthcare segments, acting as bottlenecks in its growth. However, the rapid inroad made by internet of things (IoT) may open lucrative prospects in the global market.

Global Healthcare ERP Market: Regional Outlook

The report offers a comprehensive outlook of various regional markets and identifies untapped pockets lucrative avenues in key regions. The study also takes a closer look at the prevailing regulatory landscape and the impact it has on emerging strategic dynamics in these regions. It also gives a critical assessment of various regional growth trajectories of the market during the assessment period of 2018–2026. Developing and developed countries are witnessing substantial uptake of healthcare ERP solutions. In particular, developed markets are expected to reap huge benefits from rising industry efforts to enhance electronic health record (EHR) interoperability across different healthcare systems.

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Global Healthcare ERP Market: Competitive Landscape

The study presents a detailed assessment of the various elements of the competitive landscape. It offers insights into the profiling of key players and the key strategies adopted by them to consolidate their positions in the market. Some of the prominent players operating in the market could be SYSPRO, McKesson Corporation, QAD, Epicor Software Corporation, Infor, and Oracle Corporation.

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Pulmonary Artery Catheter Market Status and Forecast, by Players, Types and Applications

4 min read

Global Pulmonary Artery Catheter Market: Overview

Pulmonary artery carries blood from the right ventricle of the heart to the lungs for purification. Pulmonary artery catheterization is a procedure, wherein a catheter is inserted into the pulmonary artery. The flow-directed balloon-tipped pulmonary artery catheter was first discussed in 1970 and was initially developed for the management of acute myocardial infarction. It was widely used in the management of various critical illnesses and surgical procedures.

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Pulmonary artery catheterization is a diagnostic procedure, in which a small catheter is inserted either through neck, arm, chest, or thigh vein and moved toward the right side of the heart in order to measure the pressure of the heart. Pulmonary artery catheter is used in the diagnosis and management of numerous cardiovascular diseases such as pulmonary hypertension, cardiogenic shock, and myocardial infarction.

Pulmonary catheters are also known as Swan-Ganz catheter. The standard pulmonary artery catheter has two lumens, hence Swan-Ganz, and is equipped with an inflatable balloon at the tip, which facilitates the placement of the catheter in the pulmonary artery through the flow of blood. Pulmonary artery catheterization is a feasible procedure and can be useful in understanding the cardiac physiology and pathology of the heart.

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Global Pulmonary Artery Catheter Market: Drivers and Restraints

The global pulmonary artery catheter market is driven by the use of pulmonary artery catheter in the preoperative, perioperative, and postoperative treatment. Above this, with rising health issues due to sedentary lifestyle and unhealthy dietary habits has increased the number of cases with cardiac complications have increased. Moreover, sedentary lifestyle and dietary habits, and increase in smoking and drinking habits are responsible for increased cardiac complications.

Furthermore, rise in the geriatric population is a major factor driving the number of pulmonary artery catheterization procedures. Pulmonary artery catheterization is useful in taking standard care of all critically ill patients. However, it offers no benefits for patients with septic shocks, acute respiratory distress syndrome, and also in the routine treatment of patients undergoing high-risk of surgery.

The global pulmonary artery catheter market can be segmented based on type, application, end-user, and region. In terms of type, the market can be classified into four-lumen catheter, five-lumen catheter, six-lumen catheter, and others. Based on application, the global pulmonary artery catheter market can be bifurcated into ICU use and non-ICU use. In terms of end-user, the market can be divided into hospitals, cardiac clinics, and ambulatory surgical centers.

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Global Pulmonary Artery Catheter Market: Key Segments

In terms of region, the global pulmonary artery catheter market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The U.S. and Canada are the major markets for pulmonary artery catheters in North America due to sedentary lifestyles and rise in cardiac complications.

Countries such as India, Australia, and New Zealand are the major markets for pulmonary artery catheters as lifestyle disorders are common in these countries due to unhealthy diet, lack of exercise, and sedentary life. Europe and Latin America are also promising markets due to lifestyle changes in these regions. Middle East & Africa is an emerging market for pulmonary artery catheters due to lifestyle changes.

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Global Pulmonary Artery Catheter Market: Key Players

Leading players in the global pulmonary artery catheter market are Edward Lifesciences Corporation, Argon Medical Devices, Inc., ICU Medical, Inc., Biosensors International Group, VICTUS, and B. Braun Melsungen AG.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Dermatomyositis Treatment Market Boosting the Healthcare Industry Worldwide

5 min read

Dermatomyositis is a form of inflammatory myopathy in which degenerative and inflammatory changes occur in the skin and the muscles. It is a rare form of acquired muscle disease that is accompanied by skin rashes. Symptoms of dermatomyositis may vary broadly from patient to patient. Deformities in the muscles may initiate with weakness and pain in the muscles of the thighs (proximal muscles), the hips, the upper arms, and the trunk. The muscles may become tender, sore, and stiff and eventually, they may express signs of degeneration (atrophy).

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Persons affected by dermatomyositis may experience struggle in the execution of certain tasks such as swallowing, or/and speaking, or/and climbing stairs, or/and raising their arms. Deformities in the skin often comprise typical, reddish-purple-colored, heliotrope rashes across the cheeks or on the upper portion of the eyelid (heliotrope eyelids), on the scalp and parts of the forehead, and on bridge of the nose, showing a ‘butterfly’ form of distribution.

Several other distinctive rashes comprise redness and scaling of the knees, the elbows, the knuckles, or/and other expander regions (Gottron’s papules); an unusual agglomeration of fluid (edema) in body tissues nearby the eyes; or/and several other characteristics.

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Symptoms of juvenile or childhood dermatomyositis are similar to those of the adult form of the disease. However, in children, the onset is generally quicker. In addition, calcification or atypical deposition of calcium in the skin and muscle tissues is common in dermatomyositis. Also, involvement of the gastrointestinal (GI) tract is more common in this condition. Moreover, in some patients with dermatomyositis, there may be a correlation to an underlying malignancy (cancer).

Several researches reveal that cancer may occur following the onset of dermatomyositis. Cancer-related dermatomyositis is observed to occur more frequently in persons aged between 40 and 50 years. Though there is no characteristic cancer type or site, specialists specify that underlying cancers can most commonly grow in the testes, the ovaries, the breasts, the lungs, the GI tract, or some lymphoid tissues (in case of multiple myeloma, certain lymphomas, and leukemia) or lymphocytes (white blood cells).

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According to Rare Disease Organization, the rate of incidence of dermatomyositis is estimated to be around 9.63 cases per million people globally. In children, dermatomyositis symptoms commonly occur between 5 and 15 years of age. Around three in 1,000,000 children are affected by juvenile dermatomyositis. In women, chances of dermatomyositis are two times greater than those in men. The global dermatomyositis treatment market is expanding rapidly, due to rising awareness about the disease and availability of treatments. Moreover, genetic mutations and several other factors that cause immune problems drive the global market for dermatomyositis treatment. In developing countries, unawareness about the disease restrains the market.

The global dermatomyositis treatment market can be segmented based on type of medication, distribution channel, and geography. In terms of type of medication, the market can be classified into pharmacotherapy and non-pharmacotherapy. The pharmacotherapy segment can be sub-classified into corticosteroids, immunosuppressive agents, immune globulins, and antimalarial agents. The non-pharmacotherapy segment can be sub-divided into general therapeutic measures and surgery. Based on distribution channel, the global dermatomyositis treatment market can be segregated into hospital pharmacy, retail pharmacy, and online pharmacy.

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Geographically, the global dermatomyositis treatment market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market due to advanced lifestyle and awareness among the people in the region. Development of advanced medications and diagnostic tests is a major factor driving the market in the region. The market in Asia Pacific is expected to expand at a high growth rate during the forecast period, due to presence of rapidly developing economies such as China and India in the region.

Key players operating in the global dermatomyositis treatment market include Ranbaxy Laboratories Limited, Abbott, Sanofi S.A., Cipla Inc., and Actelion Pharmaceuticals Ltd.

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Harmonic Scalpel Market: Global Market Revenue and Share by Manufacturers

5 min read

Ultrasonic energy was first used in the medical field for the treatment of Meniere’s disease in 1960. Use of ultrasonic energy for simultaneous cutting and cauterizing (sealing) of tissues was reported in 1980, wherein the technique was employed for laparoscopic cholecystectomy in over 200 patients successfully.

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Harmonic scalpel is an ultrasonic surgical equipment used as an alternative for other surgical scalpels or electro-surgical diathermy to cut and cauterize tissues during surgeries. Harmonic ultrasound technology and its dissection capability was first demonstrated in 1998, when ‘harmonic scalpel shears’ were introduced by Ethicon (Johnson & Johnson).

A harmonic scalpel typically consists of a hand-held transducer, hand switch, foot pedal, scalpel or blade (cutting instrument), and generator. The basic working principle of harmonic scalpel is conversion of ultrasonic energy into mechanical energy.  Energy conversion takes place at the active blade delivering high-grade frictional force, while the tissue is held in apposition by the inactive upper arm. The active scalpel cuts through the tissue using low-frequency ultrasonic vibrations in the range of 20–60 kHz. The vessel sealing is enabled by de-natured protein coagulum achieved due to tamponade and co-aptation

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Introduction of technologically advanced harmonic scalpel equipment through research and development is expected to drive the harmonic scalpel market during the forecast period. For instance, ARMONIC ACE +7 Shears is the latest harmonic scalpel offered by Ethicon. It is the first ultrasonic energy device with an indication of 7 mm vessel sealing capacity.

It is popular for its advanced hemostasis and adaptive tissue technology enabling high vessel sealing capacity and providing multfunctionality with fine precision, respectively. Increasing adoption of harmonic scalpels over conventional steel scalpels and electrosurgical devices is likely to boost the harmonic scalpel market during the forecast period. Harmonic scalpel is considered a better alternative to surgical diathermy, as it causes less thermal damage.

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The harmonic scalpel market can be categorized on the basis of procedure, end-user, and geography. Based on procedure, the market has been categorized into gynecological procedure, thyroidectomy, lung biopsy, bowel resection, tonsillectomy, plastic surgery, and other procedures. Plastic surgeries include procedures such as breast augmentation, breast reduction, and tummy tuck; while other procedures include cholecystectomy and adhesiolysis. In terms of end-user, the harmonic scalpel market can be segmented into hospitals, ambulatory surgical centers, academic & research institutes, and others. The increasing use of harmonic scalpels in medical procedures for ENT (ear, nose, and throat) and rising demand for these scalpels in medical aesthetics procedures are likely to propel the harmonic scalpel market during the forecast period.

For instance, tonsillectomy cold surgical dissection was gold standard until the late 1960s, followed by introduction of hot electrocauter in the 1970s. Even though monopolar electrocautery dissection is still being carried out as a common procedure for tonsillectomy, harmonic scalpels introduced by Ethicon in 1993 are becoming increasingly popular as tonsillectomy devices. Increasing popularity of harmonic scalpels is attributable to their efficiency, safety, reduced post-operative pain, and earlier return of patients to regular activities such as oral intake.

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Based on region, the global harmonic scalpel market has been classified into Asia Pacific (APAC), Europe, Middle East & Africa (MEA), North America (NA), and Latin America (LA). The increasing number of surgical procedures in the U.S is projected to boost the harmonic scalpel market in North America. In addition, high economic contribution of health care, well-established health care infrastructure, and patient compliance in North America have driven the demand for harmonic scalpel devices in the region. Growing opportunities for the harmonic scalpel market in developing economies such as India and China is anticipated to register higher growth rate compared to North America and Europe.

Key players partaking in the global harmonic scalpel market include Johnson & Johnson Services Inc., Olympus Medical Systems Corp., BOWA-electronic GmbH & Co. KG, and VDW GmbH.

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Respiratory Humidification Market Report Analysis With Industry Share Published by Leading Research Firm

6 min read

Global Respiratory Humidification Market: Snapshot

The global market for respiratory humidification has been witnessing a steady upswing in its valuation. The efficiency of respiratory humidification solutions in decreasing the need for invasive therapies and various other complicated interventions in patients is boosting their demand substantially, leading to a significant rise of this market.

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Over the coming years, the market will continue to experience high growth on the grounds of the increasing awareness among consumers pertaining to their benefits and the ease of usage they offer to patients of all ages. Respiratory humidification solutions find extensive application in the medical and healthcare industry in supplying warm moisture and breathing gas to patients, particularly to infants.

An emergent therapy involving high flow humidifiers, named high flow humidification therapy (HfT), is witnessing a wide ranging uptake among medical professional for the treatment of patients with multiple respiratory disorders. This, as a result, has bolstered the worldwide market for respiratory humidification solutions substantially. These solutions not only provide patients with respiratory support but also increase the oxygen concentration in their blood, which is likely to fuel their demand across the world in the years to come. The presence of a large pool of players characterizes the competitive landscape of the global respiratory humidification market, which is expected to intensify over the next few years.

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Respiratory humidification is a process of warming, purification, and humidification of the respiratory gas artificially. The lung tissues start getting damaged due to dryness of the organs when the natural humidification fails. Thus, respiratory humidification is carried out for mechanically ventilated patients. An artificial respiration causes the epithelial mucus layer to become more viscous in a short time, impairing the ciliary function inside the nose. Thus to prevent such complications, the loss of heat and moisture are compensated by the humidification process. The humid air is provided to the nasal mucosa at 37 degrees Celsius (room temperature), with adjusted 100% relative humidity to maintain mucociliary clearance for long time.

Rising need and demand for neonatal care products and increasing geriatric population at a global level are the major factors which are expected to drive the market of respiratory humidification during the forecast period. However, stringent government regulations and the damage caused to the nasal mucosa during the invasive procedure are expected to restrain the market of respiratory humidifiers during the forecast period.

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The global respiratory humidifiers market is segmented based on product type, end-user, and region. On the basis of product type, the market is segmented into active humidifiers, passive humidifiers, and respiratory humidifiers accessories. The active humidifiers segment is further segmented into nebulizers and evaporators. The evaporators subsegment includes ultrasonic humidifiers and electronic humidifiers. The passive humidifiers segment is divided into invasive ventilation, noninvasive ventilation, and high-flow nasal cannula (HFNC). The nebulizers sub-segment accounted for high market shares in 2016 owing to the ease of administration of humidified air by nebulizers and rising demand for handheld and cost-effective humidifiers. However, the invasive ventilation subsegment is projected to generate a high market revenue during the forecast period, which is attributed to the low risk of mucociliary damage by the procedure and rising prevalence of respiratory disorders in neonates. Incorporation of innovative features such as alarm management in the instrument and increasing investment in R&D by local and regional players are estimated to boost the market growth for invasive ventilations during the forecast period.

Based on end-user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and homecare settings. The hospitals segment accounted for a significant market share in 2016 due to the high cost of invasive humidifiers and positive reimbursement policies. This segment is expected to continue to dominate the market during the forecast period owing to rising prevalence of respiratory disorders such as COPD and asthma and increasing geriatric population in developed countries of North America at an alarming rate.

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Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America generated the highest revenue in 2016 due to the introduction of invasive humidifiers in the market, which adjust the temperature and humidity of gas according to patients’ need. The insufficient warmed-up air provided by the traditional humidifiers, which doesn’t carry enough moisture particles damages the epithelial layer of nasal mucosa. It is a major factor boosting the market growth of respiratory humidifiers in Asia Pacific. However, North America is expected to continue to dominate the market during the forecast period owing to the rising incidence of the mucociliary impairment in neonates.

Key players operating in the global Respiratory Humidification Market are WILAmed GmbH, Fisher & Paykel Healthcare, Respironics, Inc., ResMed, Teleflex Incorporated, DeVilbiss Healthcare, Smiths Medical, Flexicare Medical Limited, and Humi.AIDE.

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Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Facial Rejuvenation Market Research Insights Shared in Detailed Report

5 min read

Facial Rejuvenation Market: Overview

Worldwide, every year billions of dollars are spent on facial rejuvenation products and services.  Facial rejuvenation refers to a combination of cosmetic procedures that are carried out to restore the youthful appearance of the human face. Facial rejuvenation techniques can be either surgical or non-surgical.

The global facial rejuvenation market can be segmented on the basis of end-user, product type, and region. In terms of product type, the market can be classified into topical products, dermal fillers, microabrasion equipment, botulinum, chemical peels, and equipment-based treatments such as ultrasounds and laser resurfacing.

In terms of end-user, the market can be divided into dermatology clinics and hospitals.

The analysis presented in this report is based on data collated from primary and secondary research and extensive interviews carried out with industry experts. The analysis of the report serves as a valuable tool for market stakeholders, product manufacturers, and research organizations. Using a lucid chapter-wise layout interspersed with an array of graphical representations and tables, the report systematically analyzes the dynamics of the global facial rejuvenation market.

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The report analyzes the facial rejuvenation market in a ground-up manner with a detailed assessment of the various growth drivers, challenges, and trends that will influence the growth of this market during the forecast period. Besides this, the report presents an overview of the regulatory policies that govern cosmetic procedures for consumer grievances. 

The report provides an executive-level blueprint of the competitive landscape in this market. It provides a detailed competitive profile of the leading vendors for the purpose.

Facial Rejuvenation Market: Drivers and Restraints

Across the world, rising economic prosperity and rising disposable incomes are the major factors boosting the facial rejuvenation market. Changing lifestyle, which often leads to early onset of aging also demands the need for rejuvenation procedures to remain youthful for competitive reasons.

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The increasing baby boomer population is also fuelling the demand for facial rejuvenation products. The wealth of this demographic segment along with the desire to stay youthful are driving the demand for aesthetic procedures.

Other factors driving the growth of this market include easy access to treatments, rising awareness about innovative and less painful techniques, rising affordability, and deeper penetration of cosmetic products in the local markets.

However, factors such as lack of trained personnel and limited evidence of the clinical success of these procedures are restraining the market’s growth. Nevertheless, the implementation of international regulatory mandates for the standardization of cosmetic procedures is set to define new paradigms for the growth of this market. 

Facial Rejuvenation Market: Regional Outlook

The global facial rejuvenation market has been divided into the regional segments of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Amongst these, North America is the leading market for facial rejuvenation accounting for a significant share of the global market. Asia Pacific and Latin America are expected to be the fastest-growing regional markets for facial rejuvenation.

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Major Companies Mentioned in Report

Some of the leading companies that operate in the global facial rejuvenation market are Merz GmbH & Co. KGaA, Revance Therapeutics Inc., Specialty European Pharma, Anika Therapeutics Inc., Cynosure Inc., LUMENIS, Biopolymer GmbH & Co., Mentor Worldwide LLC, Contura International A/S, Gal derma S/A, and Fibrocell Inc. The high-level analysis of the report throws light on the growth strategies that leading companies are focused on. This includes market consolidation initiatives, product development, and strategic alliances that these companies are entering into.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Computerized Physician Order Entry (CPOE) Systems Market Report Analysis With Industry Share

5 min read

Global Computerized Physician Order Entry (CPOE) Systems Market: Overview

The global market for computerized physician order entry is coming to the fore due to an increased focus on precision and transparency of medical treatments. These systems involve the electronic storage of medical information and other instructions from practitioners.

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When prescriptions are given out through handwritten bits of information on paper, there is a risk of misreading the contents of the prescription. This could have severe consequences because the administration and dosage of incorrect medication could pose a threat to life and health.

Hence, the market for global computerized physician order entry (CPOE) systems is gaining traction from several longitudes within the medical fraternity. The information of a patient is usually entered by physicians, nurses, and pathologists on a computer system after the instructions of the specialist doctor. The market is expected to keep witnessing tremendous demand due to the paradigm shift from manual to machine-based working of the healthcare industry.

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The global market may be segmented based on the end-user, type of product, and geography. The segmentation of the market plays a key role in deciding the inner functioning of the market. It is important to understand the lucrativeness of each segmentin order to gain a wider purview of the market.

The report by Transparency Market Research (TMR) on the CPOE systems market is an important focal point to understand the key dynamics that drive demand. The report provides a comprehensive analysis of several segments within the market. In order to give a holistic viewpoint on the market, the researchers of the report analyzed the historic and contemporary trends prevalent in the market. The threats and opportunities that lie ahead of market players have also been included in the report.

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Global Computerized Physician Order Entry (CPOE) Systems Market: Key Trends and Opportunities

The paper-based ordering system has suffered a lot of criticism in the past due to its pitfalls. One of the major problem associated with this system is the inability to understand handwritings, thus, making it difficult to give the right medicine. Hence, the COPE systems market is gaining momentum across the globe. The CPOE system significantly reduces the time required to complete the orders for medication, making it an efficient channel for the healthcare industry. Moreover, the easy entry of orders from off-site points also popularizes these systems and escalates their demand.

Another important factor that drives demand within the market is the ease of maintaining online records and getting safety alerts when an incorrect order is entered. Apart from these intrinsic factors, extrinsic factors such as strict government regulation to deploy CPOE systems and integration of IT with the healthcare industry are also bolstering demand. The high costs of implementation are hindering market growth but the rising concerns for safety patients is expected to take the market to fruition.

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Global Computerized Physician Order Entry (CPOE) Systems Market: Regional Analysis

North America captured the highest market share in the past years due to the prominence of the healthcare industry in the U.S. Moreover, the adoption nascent IT systems is also complementing the demand for CPOE systems within the region. The other regional segments covered in the report include Asia Pacific and the rest of the world.

Global Computerized Physician Order Entry (CPOE) Systems Market: Competitive Landscape

The leading market players within the global market for CPOE systems include GE Healthcare, Siemens Healthcare,IDX Systems Corp.,McKesson Corporation, Eclipsys Corp., and Allscripts Healthcare Solutions, Inc.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Diabetic Macular Edema Market Report Analysis With Industry Share Insights Shared in Detailed Report

4 min read

Macular edema is the condition when the fluid and proteins start collecting on or under the macula of the eye thereby resulting in swelling.  Due to such swelling, a person’s central eye vision gets distorted. Macular edema is classified into two types namely cystoids macular edema (CME) and diabetic macular edema (DME).

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Diabetic macular edema is the major reason for loss of vision in patients suffering from diabetic retinopathy. Diabetes patient are reported to have a 10% risk of developing this condition during their lifetime. On the basis of the cause of disease, DME is classified into two types:

Diffuse macular edema: due to abnormalities in dilated capillaries present in the retina.

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Focal macular edema: due to abnormalities in microaneurysms

For diagnosing diabetic macular edema, an ophthalmologist checks the retina for symptoms of the disease including leaking blood vessel, retinal swelling, damaged nerve tissues and pale, fatty deposits on the retina. For further confirmation, comprehensive eye examination such as visual acuity test, dilated exam test and tonometry are performed.

During the initial stages of DME, no treatment is needed unless the patients efficiently control their blood sugar levels. If the condition becomes severe, the standard treatment for diabetic macular edema is laser photocoagulation. This procedure utilizes laser to reduce edema byapplying a pattern of burnsor bycauterizing leaky blood vessels.

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For avoiding the side-effects of this treatment, retinal specialists apply injections of anti-vascular endothelial growth factorcorticosteroids along with laser photocoagulation. Currently, there are only two approved drugs available in market for treating DME namely Lucentis and Ozurdex. Other treatment methods are currently under clinical trials.

The markets for America and Europe are at the maturity stage for diabetic macular edema because large proportion of population is suffering from diabetes. Lucentis and Ozurdex ocuppy the major part of the market share in the therapeutics market. Asia-Pacific is also growing at faster pace while the markets of Africa and Australia are currently at initial stages.

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Some of the companies and institutes which are involved in clinical trials for treatment of diabetic macular edema are Allergan, Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer, Inc.,Bayer AG, Bausch & Lomb Incorporated,the Diabetic Retinopathy Clinical Research Network, The National Eye Institute, Johns Hopkins University and ShahidBeheshti University of Medical Sciences.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Wireless Patient Monitoring Market: Latest Innovations, Future Scope and Market Trends

4 min read

Wireless patient monitoring devices are wireless and remote technologies that monitor and transmit data either within an institution or hospital via wireless or intranet, or at a remote location, using wireless transmissions. It would be a very difficult task to keep track of the patient data and information in a multi-specialty hospital with large set ups, wherein there is a regular flow of critical care patients and out-patients.

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A wireless patient monitoring device helps solve this by keeping track of the patient’s critical data 24-hours, daily, through computers so that immediate action could be taken in case of an emergency. An anticipated shortage of doctors and nurses in the hospitals, and a significant difference of doctor to patient ratio is fueling the usage of the remote patient monitoring systems, which in turn is boosting the wireless patient monitoring market.

A key feature of the wireless patient communication is the capability to deliver essential and relevant patient data to the caregiver irrespective of the location. The concept to free the patient from hospital bed and yet monitor the patient data, without switching from machine to machine, has led to the opportunity of employing patient monitoring devices. The global wireless patient monitoring market is expanding and is anticipated to expand significantly in the near future.

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Decrease in the number of the healthcare professionals, cost effectiveness by reducing the hospital stays, rise in the healthcare needs of the geriatric population are few factors driving the market for wireless patient monitoring devices. The lack of reimbursement and incapability of the patient monitoring systems to predict and alert the caregiver of any complication are considered to be the restraints for the market. However, the increasing awareness and acceptance of telemedicine and the replacement of older technology equipment with new wireless ones is likely to create an opportunity for new market entrants.

In terms of product type, the wireless patient monitoring market can be segmented into cardiac monitoring device, hematological monitoring device, respiratory monitoring device, and multi-sign monitoring device. Cardiac monitoring device is further sub-segmented into ECG monitors, BP monitors, heart rate monitors, and fetal heart rate monitors. Respiratory monitoring device is further sub-segmented into respiratory rate monitor, spirometer, and sleep apnea monitor. Hematological monitors are further sub-segmented into blood glucose monitor and prothrombin time monitor.

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In terms of application type, the wireless patient monitoring market can be segmented into diabetes monitoring, chronic obstructive pulmonary disease monitoring, asthma monitoring, congestive heart failure monitoring device, cancer monitoring device, and coronary heart disease monitoring device.

In terms of end-user, the wireless patient monitoring market can be segmented into hospitals, nursing centers, home healthcare, and others. The hospitals segment accounts for a major share of the market as the hospital setups are more affordable.

Based on geography, the global wireless patient monitoring market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to lead the global market due to the easy adaptability to the advancing technology and high purchasing power in the region. Asia Pacific is projected to follow North America in terms of market share due to the rise in medical interventions.

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Key players operating in the wireless patient monitoring market are GE Healthcare, Honeywell Homemed, Cybernet Medical Corporation, Drager Medical, American Telecare, Medtronics Inc., Carematix, Globalmedia Group, Infinium Medical, Leaf Healthcare, and Philips Healthcare.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Pharmacy Repackaging Systems Market Development Trends & Competitive Analysis by Leading Industry Players

7 min read

Transparency Market Research (TMR) has published a new report titled, “Pharmacy Repackaging Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global Pharmacy Repackaging systems market was valued at US $ 1146.8 Mn in 2017. It is projected to expand at a CAGR of 7.8% from 2018 to 2026. Factors such as increasing number of medication errors that fuel the need to improve patient safety and rising focus on reducing cost and wastage of inventory are driving the global market. North America is projected to dominate the global pharmacy repackaging systems market, owing to stringent healthcare regulations to improve patient safety in the region. Asia Pacific and Latin America are highly lucrative markets. The pharmacy repackaging systems market in Asia Pacific is projected to expand at a CAGR of 8.3% during the forecast period. Rapid expansion of healthcare industry in major countries and aging population are key factors that drive the pharmacy repackaging systems market in the region.

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Increasing number of medication errors with need to improve patient safety and growing focus on reducing cost and wastage of inventory to drive the global market

Increasing incidence of medication error-related deaths and government regulations are putting pressure on health care institutes and pharmacists to deploy advanced technologies to reduce medication errors. Medication errors affect one in 10 patients, globally, and lead to death or mental illness. Medication errors increase the medical cost for both health care providers and pharmacists. According to a survey conducted by the Society of Actuaries, measurable medication errors cost US$ 20 Bn to the U.S economy, while majority of these errors are easily avoidable. Hence, the U.S. Government is taking considerable initiatives to reduce these medication errors.

According to the U.S. FDA, on average, one person dies daily as a result of pharmacy mistakes. Increasing pressure for patient safety requirements and government regulations are expected to prompt health care providers to deploy advanced technologies to avoid medication errors in the near future. This is likely to boost the U.S. pharmacy repackaging systems market. Hospitals and pharmacists are facing significant challenges when it comes to maintaining an inventory. Traditional and manual methods used in hospitals and pharmacies make it difficult to track their inventory.

Automated packaging systems, such as automatic tablet packager, automated vial filling pump, and compliance packaging systems along with automated dispensing systems, provide pharmacists and health care providers real-time access to their stock, which in turn, helps them to maintain adequate level of inventory. The global pharmacy repackaging systems market is expected to expand at a considerable pace in the near future due to several factors including technological advancements, such as barcoding, and the rising need for healthcare providers and pharmacists to get more time for patient care.

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Automated blister card/Compliance packaging systems to be highly lucrative segment

In terms of product type, the pharmacy repackaging systems market has been classified into blister card/compliance packaging systems, pouch packaging automation systems, bottle filling/ pill counting automation systems, liquid medication packaging systems, and others. Automated blister card/compliance packaging systems was the dominant segment and was valued at US $ 145.7 Mn in 2017. The segment is expected to expand at a CAGR of 7.8% during the forecast period, owing to increasing awareness about benefits and advancements in technologies, which have prompted small and mid-sized hospitals to invest in affordable small-sized automated unit dose packaging systems. Single-dose blister packaging is the most dominant sub segment, as it helps reduce dose wastage and increase compliance. Furthermore, medicines are pre-measured into precise doses to reduce the risk of a dose being measured incorrectly. Moreover, the patient is charged for only the medication that is actually required, thereby reducing the cost, as the patient is not charged for an entire bulk bottle. Pouch packaging automation systems offer multi-dose adherence/compliance packaging in which the tablets are packaged into easy to tear, clear pouches marked with patient information containing drug name, dosage, date, time, explanations, and clear instructions on mode of drug administration.

Retail/community pharmacy to be promising segment

In terms of end-user, the global pharmacy repackaging systems market has been segregated into retail/community pharmacy, hospital pharmacy, long-term care (LTC) pharmacies and mail order pharmacies. The retail/community pharmacy segment is expected to maintain its dominant position in the market, and account for 52.0% share, in terms of revenue, by the end of 2026. The segment was valued at US$ 591.9 in 2017. It is projected to expand at a CAGR of 7.9% during the forecast period, owing to better inventory management and reduced cost per employee through automated repackaging. Mail order pharmacies are a major end-user of repackaging systems in North America. The segment is expected to expand at a significant growth rate during the forecast period.

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North America expected to dominate global market

In terms of region, the global pharmacy repackaging systems market has been divided into five major regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global market in 2017. The pharmacy repackaging systems market in the North America is driven by high investments made in cutting-edge drug research, resulting in new sophisticated treatments with specific packaging requirements. Major demand for pharmacy repackaging systems was from large chain pharmacies and hospitals. Demand for pharmacy repackaging systems from long-term care centers and mail order pharmacies remained at a low level of automation, restricted to storage cabinets, inventory controlling dispensers, and pill counters. The market in Asia Pacific is anticipated to expand at a notable CAGR during the forecast period, due to the rapid expansion of the health care industry in major countries such as China, Japan, and Australia. Japan is a highly mature market in the region due to considerable automation. Asia Pacific is a price sensitive market and pharmacists invest only in light, affordable, and durable automated devices such as counting pill machines and tablet printing machines.

Omnicell, Inc. anticipated to lead global market

The global pharmacy repackaging systems market is semi-consolidated in terms of number of players. Some companies operating in this market include Omnicell, Inc., Talyst, Inc., Becton Dickinson & Company, Kirby Lester (Capsa Solutions LLC), Swisslog Holding Ltd., Yuyama Co., Ltd., TCGRx, Euclid Medical Products, ARxIUM, and Takazono Corporation.

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Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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