How are Rising Government Initiatives Driving Growth of Global Electronic Health Record Market?

The soaring number of government initiatives in many countries, aimed at promoting the adoption of electronic health records (EHR) in hospitals and clinics, is one of the biggest factors fuelling the adoption of this technology across the world. For instance, the Health Information Technology for Economic and Clinical Health (HITECH) Act was enacted by the U.S. government in 2009 in order to promote the incorporation of EHR systems in the healthcare settings, such as hospitals and clinics, and consequently enhance and modernize the country’s healthcare system.

Driven by the above-mentioned factors, the valuation of the global electronic health record market size is expected to increase from $22.3 billion in 2017 to $30.4 billion by 2023. The market is predicted to progress at a CAGR of 5.4% during the forecast period (2018–2023). EHR systems are widely adopted in ambulatory care centers, inpatient facilities, and physician offices. Amongst these, ambulatory care centers are expected to observe the fastest growth in the adoption of EHR systems during the forecast period, mainly due to the rising number of such medical establishments across the globe.

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Globally, Asia-Pacific (APAC), owing to the surging geriatric population and increasing incidence of chronic diseases, is expected to observe the fastest growth in the usage of EHR systems in the years to come. As per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), in 2016, around 12.4% of the total population of the region was aged 60 years or above. In addition to this, the surging government initiatives in the several APAC countries aimed at improving the healthcare infrastructure are expected to further fuel the growth of the EHR market in the region.

Market Segmentation by Delivery Mode

·         Web-based/cloud-based server

·         On-premise

Market Segmentation by Component

·         Practice management

·         Patient management

·         E-prescribing

·         Referral management

·         Population health management

Market Segmentation by End User

·         Inpatient

o    Acute care

o    Long term care

o    Post-acute care

·         Ambulatory care

·         Physician offices

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How is Rising Usage of mHealth Driving Medication Adherence Market?

The wireless technology, especially mobile phones, are increasingly being utilized across the globe. The rising usage of mobile phones has made life easier on a lot of fronts. Communication has become easier, and now with the smart phones, people can almost do everything they can do with their computers via smartphones. In 2020, about 3.5 billion people are using smartphones, which is about 45% of the world’s population owing a smartphone. In addition to this, the total number of people across the globe who own a smart and feature phone is 4.78 billion, which is approximately 61% of the world’s population.

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These days mobile phones, and other devices including personal digital assistances and patient monitoring devices, are also being utilized for medical and public health practices, which is also called mHealth. As per the United Nations Food and Drug Administration, about 500 million people around the world were utilizing personal healthcare applications in 2015, which was projected to grow to over 1 billion in 2018. A major application of mHealth is medication adherence, which is the degree to which the person’s behavior corresponds to the agreed recommendations from healthcare providers. Poor adherence to the prescribed regimens can lead to serious healthcare consequences. Attributed to this, the medication adherence market size is projected to witness significant growth in the coming years.

Medication adherence products are both software and hardware centric. In the past, software centric medication adherence products, including mobile apps, various web portals, and could based application, were more in demand in the past. However, the demand for hardware centric medication adherence products, including devices and packaging, are expected to advance considerably in the coming years. The reason for this is the growing focus of companies in the medication adherence market on launching hardware centric products including HealthAssist Watch by Adherence Solutions LLC, and Smart Wireless Pill Bottles by AdhereTech Inc.

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Hence, the demand for medical adherence is growing due to the rising penetration of mobile devices.

This study covers

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market

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How is Surging Population Driving Agricultural Biotechnology Market?

The world’s population has grown constantly since the age of human beings began; for example, in 1800 the population across the globe was under 1 billion, which has now, almost dramatically, risen to 7.7 billion. With this surging population, the need for enhancing the productivity of everything, for catering to the requirements of the people, has increased as well. This includes the productivity in agricultural fields, of course. In the old days, the only concern of people was to somehow grow enough food for their survival, and while survival is the major concern today as well, the priorities of the human race seem to have shifted.

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Farming used to be the primary occupation in the past, but since the advent of industries and machines, the agricultural sector has somewhat been neglected. At the present time, however, there is a pressing need for increasing the agricultural productivity, which is why a number of technological advancements have occurred in the agricultural sector. One of such developments is the emergence of agricultural biotechnology, which involves the utilization of science for modifying animals and plants. This is done to breed out undesirable characteristics, such as low productivity and susceptibility to diseases. Furthermore, any beneficial traits can be bred in by making use of a gene which contains the specific characteristic.

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Agricultural biotechnology helps in enhancing agricultural productivity and animal feeds, for increasing their nutrient intake and reducing environmental waste. Attributed to such positive aspects, the agricultural biotechnology market is expected to advance at a substantial rate in the coming years. The different technologies utilized in agricultural biotechnology are biochips, genome editing tools, synthetic biology, deoxyribonucleic acid (DNA) sequencing, and ribonucleic acid interference (RNAi). Out of these, genomic editing tools are used the most, primarily in agricultural research.

Hence, agricultural biotechnology is increasingly being adopted for increasing the agricultural productivity

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How are Awareness Campaigns Driving Disposable Plastic Blood Bag Market?

Heart diseases kill 17.9 people each year, while 9.6 million die of cancer, says the World Health Organization (WHO). With these, the surgery and hospitalization rates are rapidly going up. One of the most basic things many such patients need is blood, which, being a highly critical and easily contaminable product, has to be kept in clean and sterile bags. Thus, with the growing incidence of chronic diseases and usage of blood at healthcare centers, the disposable plastic blood bag market size is expanding around the world. 

Disposable bags are indispensable for two main reasons: to stop blood of different groups mixing with each other, which can be deadly for the recipient, and to minimize the chances of blood-borne diseases, such as acquired immune deficiency syndrome (AIDS). Disposable bags are also used when collecting blood, and with the rate of blood donation going up, the demand for such containers is also surging. For instance, in the U.K., the number of donated units increased from 161,019 in 2015/16 to 159.264 in 2018/19, according to the National Health Service (NHS) data.

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Across the world, the largest disposable plastic blood bag market is North America, majorly on account of the rising number of patients suffering from blood disorders. For instance, the Leukemia and Lymphoma Society says that every three minutes, blood cancer is diagnosed in one person in the U.S. Further, according to the National Cancer Institute of the U.S., 61,780 cases of leukemia were detected in the country and 2019, and the disease resulted in 22,840 deaths.

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Hence, as the surgery and hospitalization rates increase and more people willingly donate blood, the demand for disposable plastic bags to store it will also rise.

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How is COVID-19 Pandemic Affecting Microbial Identification Market?

Infection is one of the most common causes of diseases, and several of these infections have proved a pestilence. In the current scenario, the COVID-19 epidemic is the world’s deadliest infection, killing over 340,000 people as of May 2020, since being detected in December 2019. Due to the rapidly increasing number cases and deaths, the adopted of microbial identification methods is increasing around the world, to ascertain whether someone has the virus or not, and if not, which other microbe could be causing the symptoms.

Apart from coronavirus, several other microbial infections have ran riot on the earth, including human immunodeficiency virus (HIV)/acquired immune deficiency syndrome (HIV/AIDS), measles, polio, Zika, cholera, tuberculosis, anthrax, leprosy, dengue fever, malaria, and bubonic plague. Due to the rising prevalence of many such pathogen-borne diseases, the microbial identification market is growing rapidly across the world. Several consumables, services, and instruments and software are required to efficiently establish the presence of microorganisms in a given sample. Among them, consumables are the most widely bought around the world, as reagents, kits, media, and plates are used in every individual test, so they deplete rather quickly.

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In the coming years, Asia-Pacific (APAC) would observe microbial identification market growth at the highest rate, on account of the rising incidence of infectious diseases here, primarily due to the booming population of the elderly. Due to their weakened immunological response, the geriatric population is more prone to infections, which also affect them more severely than other people. Similarly, the biotechnology and pharmaceutical sectors are also expanding in the region, which are also significant users of the various services, software, instruments, and consumables that make microbial identification possible.

Therefore, due to the rising menace of infections, presently COVID-19, as well as the expansion of the biotech, pharma, and food and beverage sectors, the adoption of microbial identification methods will keep rising.

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How is Surging Cases of COVID-19 Driving Cleanroom Consumables Market?

In the light of recent events, concerning the global healthcare crisis, the demand for new drugs all over the world is increasing day-by-day. COVID-19 has taken everyone by surprise, and even now no proper treatment is available for treating the disease. The virus has spread to every corner of the world, and millions of people have been affected by it. Medical professionals are making use of drugs that are available for other diseases to treat patients affected with COVID-19. However, continuous research & development activities are going on for developing a treatment for the novel diseases. 

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The drug development process, however, is highly critical in nature and needs to be performed under predetermined conditions in order to make sure that the medicines remain free of any kind of contamination. Because of this, pharmaceutical companies make use of cleanrooms for developing drugs. Closed spaces that are specifically designed for providing control over environmental conditions, so that no microbes or dust particle enter in, are referred to as cleanrooms. A number of devices and consumables are utilized inside cleanrooms, therefore, the growing use of cleanrooms is driving the demand for these products as well. 

The global cleanroom consumables market is expected to advance at a significant pace in the years to come. A number of consumables are utilized cleanrooms, namely cleaning products (including cleaning chemicals, cleanroom mops, cleanroom swabs, and buckets, wringers, & squeegees), apparel (including sleeves, coverall, bouffant, lab coat, shoe cover, boot cover, and lab coat), wipers (including wet and dry), stationery (including labels, paper, binders & clipboards, and notebooks & adhesive pads), adhesive mats, and gloves. Out of all these, the demand for gloves was the highest in the past and the situation is expected to remain the same in the coming years as well.

Geographically, North America is projected to emerge as a major cleanroom consumables market in the near future, which is owing to the growing pharmaceutical & biotechnology industry, technological advancements, and increasing investments in research & development in the region. 

In conclusion, the demand for cleanroom consumables is increasing due to the rising incidence of COVID-19 and surging prevalence of other diseases across the globe. 

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COVID-19 Impact Analysis on Infection Surveillance Solutions Market. Insights on Strategies of Key Players

The prevalence of hospital-acquired infections (HAI) has been growing rapidly, with HAIs becoming among the key cause of mortality and morbidity in hospitalized patients, as per the World Health Organization (WHO). These infections are caused primarily by bacteria. Strains of bacteria found in medical settings are more resistant to antibiotics those found outside the hospital, owing to the fact that antibiotics are utilized frequently in hospitals. According to the WHO, about 7 and 10 of every 100 patients ion developed and developing countries, respectively, who are hospitalized, acquire at least one HAI at any given time.

Attributed to this, the demand for infection surveillance at hospitals and other medical facilities is growing rapidly. Traditionally, the surveillance of HAIs was done by reviewing medical charts, ward rounds, and paper-based reports of microbiologic results. The analysis then was done by assembling hand-written data or entering the information into a computer database, manually. However, these methods are labor intensive, time-consuming, and quite inefficient for coping with the rising complexity of antibiotic resistance. Because of this, these methods are become obsolete and witnessing a shift to computer-based surveillance. Due to these factors, the global infection surveillance solutions market is predicted to advance at a considerable pace in the coming years.

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The infection surveillance technology providers offer both services and software, between which the larger demand is projected to be created for infection surveillance software in the years to come. A number of vendors are offering comprehensive and flexible infection surveillance software, which is being rapid adopted by healthcare facilities. Software can be customized for real-time and instant contact tracking tasks and effective organization surveillance. Both on-premises and web-based solutions are offered by vendors. Other than this, the demand for infection surveillance services, such as training & consulting, implementation, and product support & maintenance, is also expected to increase in the near future.

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Hence, the requirement for infection surveillance solutions is growing due to the rising prevalence of HAIs across the globe.

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What are the Major Factors Responsible for the Boom in Saudi Arabian Surgical Sutures Market?

Due to the soaring number of surgeries and burn cases in Saudi Arabia, the demand for surgical sutures is expected to rise considerably in the coming years. Since the last few years, the prevalence of chronic diseases and other health problems has increased dramatically, and this is resulting in a huge rise in the number of surgeries being performed in the country. The other major factors pushing the demand for surgical sutures in Saudi Arabia are the surging geriatric population and rising healthcare expenditure.

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The increasing geriatric population is boosting the occurrence rate of chronic diseases and ailments, which is, in turn fuelling the growth in the demand for surgical supplies. As per the data of the Saudi government, by 2040, of the total 40 million people in the kingdom, 25% would be 60 years old or older, and by 2050, the number of the elderly will rise to around 10 million. Moreover, the burgeoning number of hospitals and medical facilities in the country, on account of the soaring healthcare expenditure, is also contributing to the increasing adoption of surgical sutures.

Due to the above factors, the Saudi Arabian surgical sutures market size is expected to grow from $16.7 million in 2017 to $20.6 million in 2023 and demonstrate a CAGR of 3.6% during the forecast period (2018–2023). There are two types of surgical sutures available in the market, namely absorbable sutures and non-absorbable sutures, of which the absorbable ones recorded higher demand in 2017. This is mainly attributed to the fact that such products do not have to be removed from the body after surgery, as they are easily broken down by the body through hydrolysis.

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Therefore, due to the rising number of surgeries and burn cases and burgeoning number of hospitals and other medical facilities in Saudi Arabia, on account of the surging healthcare expenditure, the demand for surgical sutures is expected to increase significantly in the coming years.

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How is Rising Number of Aesthetic Surgical Procedures Driving Medical Lasers Market?

People across the globe are becoming increasingly conscious regarding their physical appearance, attributed to which the number of aesthetic surgical procedures has growing significantly in the past few years. According to the International Society of Aesthetic Plastic Surgery, 1,862,506 breast augmentation procedures were performed across the globe. In addition to this, as per the American Society of Plastic Surgeons, 17.7 million cosmetic procedures were performed in the U.S. in 2018, which was a growth of 2% from 2017. This growing number of aesthetic surgical procedures is creating increasing demand for medical lasers, as they are widely used during the surgical procedures.

 

Medical lasers are devices which make use of precisely focused light sources for treating or removing tissues. Laser stands for light amplification by stimulated emission of radiation. Ordinary light has many wavelengths and spread in all directions; laser light however has a specific wavelength, which is focused in a narrow beam and creates a very-high intensity light. Since lasers can focus on tiny areas accurately, they can be utilized for precise surgical work or for cutting tissues. If used properly, laser can allow the surgeons for accomplish more complex tasks, decrease postoperative discomfort, reduce blood loss, achieve better wound healing, and reduce the chance of wound infection.

Attributed to these factors, the global medical lasers market size is predicted to advance at a significant pace in the coming years. Different types of medical lasers are gas laser systems, solid-state laser systems, dye laser systems, and diode laser systems. Out of these, the solid-state laser systems were the most in demand in the past because of their large application base. Among the various types of solid-state laser systems, neodymium: yttrium—aluminium—garnet laser systems are extensively utilized for treating posterior capsular opacification, acute angle-closure glaucoma, peripheral iridotomy, and for surgical iridectomy.

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North America has been the largest use of medical lasers in the past, which is attributed to the rising number of cosmetic surgical procedures, high prevalence of chronic diseases and skin diseases, developed reimbursement policies, and presence of major companies in the region. Apart from this, the Asia-Pacific region is expected to emerge as the fastest growing medical lasers market in the near future, on account of increasing healthcare expenditure, rising awareness regarding technologically innovative laser treatments, and growing medical tourism in the region.

Hence, the demand for medical lasers in predicted to rise because of the increasing preference for minimally invasive surgeries and rising number of aesthetic surgeries.

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