The Emerging Role of Electronic Health Records Solution Market

Over the past two decades, information technology has revolutionized every facet of the mankind. In current scenario, healthcare practices of all types and sizes, and information is both a benefit and a challenge for every provider. Awareness about the disease and treatment is saving lives, while lack of effectively managed data might place this information at risk. Although, several pilot and cohort studies has been undertaken by government organizations and institutions pertaining to effectiveness of a computerized patient healthcare information system. Despite such studies many hospitals/providers especially in emerging markets have not successfully introduced an electronic health record (EHR) with clinical data entry at the point of care which clearly illustrates latent gap and scope of market expansion in forthcoming years.

The global EHR market has been studied from three broad perspectives: by installation type, by end users, and by geography. The market by installation type is further assessed and estimated by web-based, client server-based and software as a services. Moreover, the market by end users segment is sub-categorized into hospitals, physician’s office, and ambulatory centers. Whereas, in terms of geographical analysis the report provide detailed illustration and market trends for five regions i.e. North America, Europe, Asia Pacific, Latin America and Rest of the World. The global electronic health record market was valued at US$ 18,932.1 Mn in 2014 and is projected to reach US$ 30,280.0 Mn by 2023, expanding at a CAGR of 5.4% during the forecast period.

The study depicted that the client server-based installation type accounted for lion’s share in the market enabling transmission of data from server to the client at a higher rate as compared to cloud-based EHR system, primarily due to the close proximity and direct connections which streamlines the overall health care process. Whereas, pertaining to market growth, software as service (SaaS) market is projected to poise the fastest growth rate driven by low cost, increased demand from small organizations and provisions to store data at an off-site vendor location.

In the end user segment, hospitals are among the most prominent buyers as around 59% of the hospitals across the globe have installed some form of EHR in 2013 compared to 34% in 2012. Majority of the hospitals have adopted client server-based EHR systems in order to improve the health care of the patients. However, several hospitals are expected to opt for cloud-based EHR systems during the forecast period from 2015 to 2023 due to continued advances in the area of cloud computing. As government and non-government organizations encourage physicians to adopt EHR systems is assessed to be one of the contributing factors driving the growth of the ambulatory centers segment. Additionally, the U.S. Federal Government allocated US$ 27 Bn with the intent to encourage EHR adoption across the nation as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act, 2009.

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Geographically, North America which is a cumulative market for the U.S. and Canada has major share in the market in 2014 primarily attributed by favorable government policies such as pay for value and rapid inclination towards installation of EHR platforms across care providers segment. According to the National Coordinator for Health Information Technology (ONC), adoption of EHR systems among non-federal acute care hospitals in the U.S. has increased more than five-fold since 2008. Moreover, 77% of primary care doctors and 73% of specialists are using electronic medical records to record patient encounters as of 2016. Factors responsible for market growth in the U.K. and Germany include rapidly increasing geriatric population, growing need for remote monitoring, increased pressure of health care cost containment, and increasing demand for improved patient care. Moreover, the Government of Italy under Italian Health Service is developing EHR systems for e-prescriptions and for the transfer of medical data.

Latin America market followed by Asia Pacific are evaluated to be the fastest emerging market in coming years due to consistent growth in health care infrastructures followed by growing awareness to centralized patient current and past data have successfully initiated the demand and installation process in these regions. The EHR market in China has attracted both local and international EHR service providers such as IBM, Dell, Cisco, Siemens, and Fujitsu, and regional suppliers such as Yonyou, DHC, Neusoft, B-Soft, Winning, Founder, and Jiangsu Zhongkang.

Key players profiled in the electronic health record market study encompasses Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., Cerner Corporation, CPSI, Epic Systems, eClinicalWorks, GE Healthcare, Greenway Health, LLC, Medical Information Technology, Inc., McKesson Corporation, NextGen Healthcare and 4medica.

Skincare Devices Industry: Changing the Face of Skincare

The increasing prevalence of skin disorders around the world has fuelled the demand for skincare devices in the recent times. Major companies operating in the global skincare devices market are focusing on introducing highly developed state-of-art skincare devices to meet the demand of their customers.

Increasing Prevalence of Skin-aging Propels Demand for Skincare Devices

Nowadays, skin-aging has become the most common skin problem faced by people around the world. The rising pollution across the world has caused several severe environmental damages, which has accelerated the aging of skin in an individual. This factor has given rise to various trends in the worldwide skincare devices market, the emergence anti-ageing wearables being the latest one.

Although the global wearable tech market is still in its early stage, with three of the leading manufacturers of skincare products introducing their wearable anti-ageing devices, anti-ageing wearables are set to enjoy an exponential growth in demand in the near future.

L’Oreal Introduces My UV Patch, Feeligreen to Launch Anti-aging Skin-like Patch

The first among these is L’Oreal Paris, which has recently launched a UV-detecting patch, named My UV Patch. This is a smartphone-connected adhesive patch that keeps a tab on the UV exposure of its user. The company has entered into the wearable tech market with this introduction.

Second in line is Feeligreen, a French startup operating in dermo-therapeutic and dermo-cosmetic applications. Using micro-current technology, the company is working on creating a skin-like patch, equipped with anti-ageing benefits for active treatment of the signs of ageing. This patch will also help in diffusing beauty products and topical medication into the skin.

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Wired Beauty Rolls out World’s First Connected Beauty Mask

Futuristic facial mask from Wired Beauty is the third wearable skincare device that has created a buzz in the global market. The device, named MAPO, is the first connected beauty mask in the world.

The device, developed on crowd-funding, is a 3D soft silicon face mask, equipped with bio-sensors to measure skin-hydration level in real time. This information is transmitted to an app, which offers recommendations related to skincare to the wearer. The company has priced this device at US$221.74.

North America to Retain its Position as Market Leader in Global Skincare Devices Market

The global skincare devices market has been witnessing a remarkable rise over the past few years. Transparency Market Research (TMR) has recently published a research report on the global skincare devices market, estimating it to report a CAGR of 10.10% between 2012 and 2018 and reach a value of US$10.7 bn by the end of 2018.

North America has been leading the global market for skincare since last few years. Experts project it to retain its position in the coming years. Asia Pacific is also predicted to exhibit significant growth in the near future.

Growing Trends in Female Sterilization Procedures Market

Female sterilization procedure is a permanent way of preventing women from conceiving and acts as a form of birth control and is the most commonly used family planning method used across the globe. It is an out-patient procedure performed in hospitals, clinical or doctor’s office. Complications post procedures are very rare and include bowel or bladder injury, infection, problems related to anesthesia and internal bleeding. Intensive research has been conducted in order to find the most ideal option for birth control. High efficacy, easy accessibility to the procedure, and cultural acceptability are the major criteria for the determination of ideal family planning method. In addition, it is often demanded that the method should be simple, easily learned, quick and should be able to be performed in outpatient setting without anesthesia.

The global female sterilization procedures market can be segmented based on procedure type and geography. Geographically, the global female sterilization procedures market can be categorized into four major regions namely North America, Europe, Asia Pacific and Rest of the World. Procedures are further classified as surgical and non-surgical sterilization. Surgical approach involves cutting (tubal ligation), tying (with clamps, clips or rings) or sealing (with the help of electric current) of the fallopian tubes while non surgical method involves blocking of the fallopian tubes with the help of tiny spring like coils. On non-surgical insertion, these tiny devices evoke formation of scar tissue thus blocking the fallopian tube. The blockage of tubes is confirmed with X-ray after few months. Various procedures include hysteroscopic (no-incision) method, high risk method such as hysterectomy and incision methods comprising laparoscopy, laparotomy and mini-laparotomy.

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A hysterescope inserted into the uterus through the vagina and cervix, allows direct visualization of the tubal ostia and endometrial cavity. Hysteroscopic sterilization is found to potentially fulfil majority of the criteria. However, advent of minimally invasive birth control methods such as transcervical sterilization procedures, implantation of intra-uterine devices, sub dermal contraceptives and others has resulted into decline in demand for hysteroscopic sterilization in women. Laparotomy is less commonly used procedure when compared to the commonly used laparoscopy and mini laparotomy. Technological development in the optics, video technology, illumination and instrumentation has extended the scope of laparoscopy in gynecology. Moreover, this procedure allows minimal recovery time, less risk of contracting infection and overall improvement in patient care.

Increase in the awareness of the device and procedure by direct-to-consumer advertising with the help of radio, internet, TV, and print media may boost the unit sales. Certain drawbacks associated with female sterilization procedures are that these do not provide protection against sexually transmitted diseases (STDs) and also possess risk of infection, bleeding and pain. The Essure system by Conceptus, Inc. (a subsidiary of Bayer Healthcare) is a novel method of permanent female sterilization. It can be performed in office setting and involves implantation of a small metallic structure into the fallopian tubes of the patient willing to be permanently sterilized. This implant works by creating a scar tissue over it thus blocking the fallopian tube and preventing egg fertilization. A similar system known as Adiana system developed by Hologic, Inc. was introduced in the market which involved use of silicone implant. However, the Adiana system has been discontinued in the market by the company.

Some of the key players contributing to the global female sterilization procedures market are Conceptus, Inc., Hologic, Inc., Ethicon, Inc., Cooper Surgical, Inc., Boston Scientific Corporation and American Medical Systems.

Medical Sensors Market will See High Demand as Wearable Medical Devices Industry Reaches the Next Level

The shift towards professional healthcare at home is the trend in today’s global medical and healthcare industry. People are increasingly adopting home healthcare services owing to the rising costs of medical treatments in hospitals and medical care clinics. With this, the demand for various health care devices is expected to increase in the next few years. Medical sensors, being an important category of healthcare devices, are predicted to register considerable demand across the globe. However, strict government regulations, long approval procedures, and the lack of reimbursement policies are some of the factors expected to hamper the growth of the global medical sensors market in the next few years.

The introduction of new medical sensors in the global market is expected to highly contribute towards the growth of the global medical sensors market in the years to come. Recently, Hitachi Medical Corp. and Redlen Technologies Inc. announced their plans to jointly develop and introduce a direct conversion semiconductor x-ray detector, a medical device for new photon counting computed tomography (PCCT) systems. It is expected to be a next-generation, promising diagnostic medical imaging modality. The new device comes with advanced capacities such as higher image resolution, material discrimination, and functional imaging.

The global medical sensors market is expected to progress from US$10.1 bn in 2012 to US$15.5 bn by 2019, and to expand at a 6.30% CAGR during the period from 2013 to 2019. Factors such as the increasing prevalence of chronic diseases and the rise in the aging population are predicted to propel the global medical sensors market in the years to come.

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Asia Pacific to Lead Global Medical Sensors Market

The global medical sensors market is segmented on the basis of geography, application, and product type. Based on geography, the global medical sensors market is divided into Asia Pacific, Europe, North America, and Rest of the World. The untapped market in India and China is expected to assist Asia Pacific to become the fastest growing market in the years to come.

Diagnostic, therapeutic, monitoring, and surgical are some of the application areas of medical sensors. In 2012, the surgical applications segment led the global medical sensors market, accounting for 30% of the market. The increasing demand for minimally invasive surgeries is expected to propel the surgical applications segment.

SQUID Sensors Segment to Expand at 7.90% CAGR from 2013 to 2019

Based on product type, the global medical sensors market is classified into image sensors, SQUID, pressure sensors, biosensors, temperature sensors, accelerators, image sensors, and others. In 2012, the biosensors segment dominated the global medical sensors market and is expected to maintain its dominance throughout the forecast period. The SQUID sensors segment is expected to expand at a 7.90% CAGR from 2013 to 2019.

Some of the leading companies operating in the global medical sensors market are GE Measurement & Control, Stellar Technology, OmniVision Technologies, Avago Technologies, Freescale Semiconductor, Sensirion, Honeywell International, and Analog Devices.

Anti-aging Market - Global Industry Analysis, Trends and Forecast, 2013 - 2019

Transparency Market Research has published a research report about the global anti-aging market. The research report, titled “Anti-aging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” has been compiled using primary and secondary research. Furthermore, the research report includes SWOT analysis to point out the strengths, weaknesses, opportunities, and threats of the market. Additionally, it also highlights the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.According to the research report, the global anti-aging market was valued at US$122.3 bn in 2013 and is expected to reach US$191.7 bn by the end of 2019, registering a CAGR of 7.8% between 2013 and 2019.

Products that promise reversal of aging signs that appear on the skin are known as anti-aging products. In recent times, anti-aging products have been in great demand due to the growing usage of moisturizer-based cosmoceutical products used for skin care. The ability of products available in the global anti-aging market to mask the signs of skin aging has given this market a huge impetus. Consumers across the globe are spending on these products and devices in order to retain a youthful appearance.

The global anti-aging market is segmented on the basis of demographic, product, service, device, and region. The demographics that anti-aging market caters to are baby boomers, Generation X, and Generation Y. Products available in the global anti-aging market are UV absorbers, anti-wrinkle products, hair color, and anti-stretch marks products. The services offered in the global anti-aging market are anti-pigmentation therapy, breast augmentation, adult acne therapy, abdominoplasty, liposuction services, chemical peels, eyelid surgery, sclerotherapy, and hair restoration. The devices available in this market are anti-cellulite treatment devices, microderm abrasion devices, laser aesthetic devices, and radiofrequency devices. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.

The research report suggests that those born between 1946 and 1964 are the largest consumers of anti-aging products and services. The statistics also pointed out that about 8,000 become part of this category every day, an addition that is expected to continue for the coming 18 years. The rising disposable income of this age group is expected to drive the anti-aging market. Furthermore, the fact that the majority of the anti-aging products and services do not require a prescription is also fueling the overall anti-aging market.

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Some of the key players in the global anti-aging market are Photomedex Inc., Personal Microderm, Lumenis Ltd, Beiersdorf AG, Coty Inc., Solta Medical Inc., Cynosure Inc., Alma Lasers Ltd, and L’Oreal, SA. The research report provides an insightful take on the competitive landscape of the global anti-aging market. Furthermore, it also evaluates the financial overview, research and development activities, business and marketing strategies, and investment outlook of these top players in the overall anti-aging market.

Medical Laser Systems Market :Business Challenges, Emerging Technologies & Competitive Landscape

Transparency Market Research has published a research report to point out the key trends and dynamics impacting the global medical laser systems market. This research report, titled “Medical Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” details the overall laser systems market with SWOT analysis and Porter’s five forces analysis. These market measurement tools have enabled the research reporters to compile an accurate and exact report charting the trajectory of this market for the coming years.

According to the research report, the global medical laser systems market was valued at of US$0.9 bn in 2011 and is expected to reach US$2 bn by 2018, registering a CAGR of 12.50% from 2012 to 2018. The growth of the global medical laser systems market is attributable to the high incidence of age-related ophthalmic disorders, rise in disposable incomes, and an increasing awareness of medical aesthetics.

Lasers emit a high-intensity beam composed of coherent monochromatic light with a stimulated emission of electromagnetic radiation. The term "laser," in fact, is an acronym for “light amplification by stimulated emission of radiation.” These devices are primarily used for cutting, drilling, aligning, and guiding in several treatment procedures. The lasers used in the medical industry for surgical procedures and diagnosis are known as medical laser systems. Various types of medical laser systems are used in cosmetic surgeries, refractive eye surgeries, dental procedures, and general surgeries. Some of the best-known benefits of laser systems are reduced blood loss, minimal postoperative discomfort, reduced chances of wound infection, and better wound healing.

The global medical laser systems market is segmented on the basis of product, application, and geography. The products in this market are diode laser systems, solid state laser systems, gas laser system, and dry laser systems. The application of these products is seen in areas such as dermatology, ophthalmology, gynecology, urology, dentistry, cardiovascular, and others such as gastroenterology, rheumatology, and traumatology. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Out of all the applications, the cardiovascular segment is expected to grow at a fast pace through 2018 due to the increasing introduction of cost-effective treatments and growing cases of cardiovascular diseases across the globe. Geographically, North America leads the global medical laser systems market with a 35.0% share in the market. The market in North America is being driven by the high prevalence of chronic disorders such as diabetes and obesity.

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Some of the important players studied in the global medical laser systems market report are AngioDynamics, Spectranetics Corporation, PhotoMedex, Lumenis, BIOLASE, Syneron Candela, and American Medical Systems. The research report offers a comprehensive explanation of the competitive landscape of the global medical laser system market and the impact of the regulatory framework. The medical laser systems market has also been studied from the political, economic, social, technological, legal, and environmental point of view. Additionally, the report also mentions the financial overview, research and development activities, business and marketing strategies, and investment outlook of the key players in the market.

Medical Gases and Equipment Market - Worldwide Market Shares, Strategies, and Forecasts 2012 to 2018

A new Transparency Market Research report states that the global medical gases and equipment market stood at US$5.3 bn in 2011 and is predicted to reach US$9 bn in 2018. It is predicted to expand at a CAGR of 8.0% CAGR between 2012 and 2018. The title of the report is “Medical Gases and Equipment Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018.”

Medical gases are gases utilized in direct or indirect applications within the healthcare industry. Medical gas equipment is equipment used for producing medical gases. Medical gases are either utilized within medical procedures, primarily as sterilants and coolants, or are directly administered to patients. In addition, medical gas supply equipment in healthcare facilities and hospitals is essential for supplying nitrous oxide, piped oxygen, carbon dioxide, medical air, and nitrogen to numerous parts of the facility.

As mentioned in the report, the implementation of the U.S. Food and Drug Administration Safety and Innovation Act in July 2012 and the expansion of the home healthcare market are amongst the prime factors fuelling the market for medical gases and equipment. In addition, the increasing awareness about the safety benefits of medical gases amongst consumers and manufacturers has also boosted the market. Furthermore, the introduction of associations such as the Medical Gas Association (MGA, U.K.), the Gases and Welding Distributors Association (GAWDA), and the Compressed Gas Association (CGA) has also impacted the market positively. On the other hand, the rising thefts of medical cylinders and gas and the shortage of helium globally are amongst the key factors inhibiting the growth of the market for medical gases and equipment.

On the basis of product, the medical gas market is segmented into medical pure gases and medical gas mixtures. Amongst these, the segment of medical pure gases is further segmented into helium, oxygen, nitrogen, carbon dioxide, and nitrous oxide. On the other hand, the segment of medical gas mixtures is further segmented into nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures, helium-oxygen mixtures, ethylene oxide, aerobic mixtures, blood gas mixtures, anaerobic mixtures, lung mixtures, and laser gas mixtures. On the basis of product, the medical equipment market is segmented into manifolds, hose assemblies and accessories, outlets, cylinders and accessories, alarm systems, regulators, flowmeters, medical air compressors, masks, and vacuum systems.

In terms of geography, the report segments the market into Europe, North America, Asia, and Rest of the World (RoW). Amongst these, the region of Asia is the most lucrative market for medical gases and equipment and is predicted to rise at the swiftest CAGR of 9.20% from 2012 to 2018. This is owing to the increasing occurrence of pulmonary diseases and increasing population base within China and India.

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According to the report, the prominent players operating in the market for medical gases and equipment are Linde Gas, BeaconMedaes LLC, Matheson Tri-Gas Inc., Air Liquide, Praxair Inc., Air Gas Inc., Air Products and Chemicals Inc., and Medical Gas Solutions, among others.