Tuesday, October 23, 2018

Medical Biosensors Market Size, Share, Growth, Strategies, Trends, Analysis and Worldwide Forecast 2018 to 2026: Credence Research

The latest market report published by Credence Research, Inc. “Medical biosensors Market – Growth, Future Prospects, and Competitive Analysis, 2018 – 2026” the medical biosensors market was valued at US$ 9.2 Bn in 2017 and expected to reach US$ XX Bn by 2026 at a CAGR of 7.2% during the forecast period from 2018 to 2026.
Market Insights
The global medical biosensors market shows productive growth during the forecast period from 2018 to 2026 majorly attributed to an increase in the prevalence of diabetes globally. Novel technology development in wearable & non-wearable devices, the rise in manufacturing and demand for glucose monitor biosensors, high demand for home-based POC (point-of-care) devices and nanotechnology-based biosensors are enhancing the growth of the global market. The major factors driving the overall growth are increasing applications in medical diagnostics; drug development, genomics, biotechnology and home care are further generating the demand for medical biosensors globally.
Medical diagnostics segment dominate the global market, as the consumption of blood glucose biosensors is generating maximum revenue share. In addition, various application of medical biosensors in bimolecular, microarray, genome testing and other toxicity detections is mapping the global trend. Moreover, medical biosensors are being utilized in the early diagnosis of diseases such as cancer and HIV. Advancements consolidated in new medical biosensors empowers accurate diagnostic choices and enhancing surgical performance will drive industry development during the forecast period. For example, new technology assessment in electrochemical medical biosensors that identify the levels of anti-oxidants has turned out to be useful in supporting the strength of the individual. The new launch of such new medical biosensors will impel the overall growth of the market. For instance, in January 2018, scientists developed a flexible and ultra-thin biosensor for glucose monitoring, which can be incorporated into a contact lens and a watch.
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In addition, rising advancements in R&D for medical biosensors technology, implementation of point of care diagnostics, availability of medical biosensors in home care, government and organizational support for various biomarker testing, molecular diagnostic and genomic testing applications are further going to spur revenue growth during the forecast period.
However, manufacturers are facing numerous challenges such as many of the existing medical biosensors lack long-term constancy, miniaturization in medical biosensors carriages huge technical challenge, some medical biosensors are excessively expensive for commercial production, and short lifespan of a biomolecule are few factors limiting the growth of the medical biosensors market globally. Other external factors include increased regulations by governing bodies mainly in the U.S, Germany, India, China, and Japan, and less availability of advanced products in home care and other healthcare settings.
Key Market Movements:
  • Globally, the medical biosensors market remains to exhibit a profitable growth with a CAGR of 7.2% for the period from 2018 to 2026
  • Higher technology assessment in the microstream equipment segment is gaining traction in the market
  • Latin America, Eastern Europe, and the Asia Pacific to show promising opportunities during the forecast period due to rising awareness, adoption of new medical technology in the home care and point of care segment
  • Growing number of advanced healthcare settings, easy accessibility of branded equipment, and increasing healthcare spending in developing nations along with rising cases for asthma will contribute to the growth of the market. Major players in this vertical are Pinnacle Technology, Inc., Polestar Technologies Inc., Eastprint Incorporated, DuPont Biosensor Materials, Biosensors International Group, Ltd., Surfix BV, World Precision Instruments, Inc., Ercon, Inc., ACON Laboratories, Inc., Siemens Healthcare Diagnostics Inc., Innovative Biosensors, Inc., EG & IC Sensors, Inc., Molecular Devices, LLC., Abbott Laboratories, Inc., Nova Biomedical Corporation, ACCESS BIO, INC., Silicon Kinetics, Bio-Rad Laboratories, Inc. and others.
Table of Content
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Medical Biosensors Market Portraiture
2.2. Global Medical Biosensors Market, By Technology Type, 2017 (US$ Mn)
2.3. Global Medical Biosensors Market, By Application, 2017 (US$ Mn)
2.4. Global Medical Biosensors Market, by Geography, 2017 Vs 2026 (Value %)
……………………………..
Chapter 7. Company Profiles
7.1. Biosensors International Group, Ltd.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Pinnacle Technology, Inc.
7.3. Polestar Technologies Inc.
7.4. Eastprint Incorporated
7.5. DuPont Biosensor Materials
7.6. Surfix BV
7.7. World Precision Instruments, Inc.
7.8. Ercon, Inc.
7.9. ACON Laboratories, Inc.
7.10. Siemens Healthcare Diagnostics Inc.
7.11. Innovative Biosensors, Inc.
7.12. EG & IC Sensors, Inc.
7.13. Molecular Devices, LLC.
7.14. Abbott Laboratories, Inc.
7.15. Nova Biomedical Corporation
7.16. ACCESS BIO, INC.
7.17. Silicon Kinetics
7.18. Bio-Rad Laboratories, Inc.
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Medical Electrodes Market Share, Market Analysis, Industry Size, Strategies and Forecast 2018 -2026: Credence Research

The latest market report published by Credence Research, Inc. “Medical Electrodes Market Growth, Future Prospects, and Competitive Analysis, 2018–2026” the medical electrodes market was valued at US$ 1,217.3 Mn in 2017 and projected to reach US$ 2,406.9 Mn by 2026 at a CAGR of 7.6% over the forecast period from 2018 to 2026.
Browse the full report Medical Electrodes Market Growth, Future Prospects, and Competitive Analysis, 2018–2026 at https://www.credenceresearch.com/report/medical-electrodes-market
Market Insights
The medical electrodes market is likely to witness a healthy CAGR during the forecast period from 2018 to 2026. Worldwide growth in geriatric population base along with increasing adoption of medical electrodes for the treatment of various diseases, technological advances in medical electrodes, and rising preference for minimally invasive surgeries (MISs) are the factors driving the market growth. Medical electrodes work through the transfer of body’s ionic current energy into electrical current, which is amplified and examined for diagnosing several cardiac, muscular, and nervous diseases. Medical electrodes provide optimum electrical contact between the patient and the device that are used to measure or record the activity.
Increasing technological advances in medical electrodes coupled with growing demand for portable medical devices is nurturing the market growth. The launch of nanotextured (miniaturized) electrodes and products that provide high signal quality and improved patient comfort is gaining popularity across the world. In addition, portable devices efficiently manage major health conditions including heart diseases and diabetes at economic rates as they reduce the number of physician visits or hospital/clinic visits for patients. There is also a rising shift towards adoption of minimally invasive surgeries (MISs) due to its benefits including minor incisions, reduced muscle & tissue damage, speedy wound healing, and lesser surgical scars & pain as compared to invasive procedures. Hence, this causes lesser complications and curbs operational expenses & decreases the risk of developing hospital-acquired infections in patients. This inclination towards adoption of MISs will boost the demand for electrodes while performing MISs by using minimally invasive pacemaker, defibrillator, and electrosurgical & laparoscopic electrodes. Rising funding from government agencies such as the National Science Foundation (NSF), National Eye Institute (NEI), and Department of Energy (DE) is supporting research and development (R&D) of electrodes. Major players in this vertical are GE Healthcare, Boston Scientific Corporation, Medtronic plc, Thermo Fisher Scientific, Inc., Philips Healthcare, 3M Healthcare, C. R. Bard, Inc., CONMED Corporation, Asahi Kasei Corporation, and Natus Medical Incorporated.
Key Market Movements:
  • Globally, the medical electrodes market shall witness a noticeable growth with a CAGR of 7.6% during the forecast period from 2018 to 2026
  • The therapeutic segment is likely to exhibit the fastest market growth during the next nine years. This is attributed to increasing use of pacemaker electrodes, defibrillator electrodes, transcutaneous electrical nerve stimulator (TENS) electrodes, electrical muscle stimulator (EMS) electrodes and electrosurgical electrodes for the treatment of arrhythmia, acute & chronic pain, ventricular fibrillation, and pulseless ventricular tachycardia, among others.
  • North America spearheaded the market in 2017 and expected to retain its status quo over the forecast period owing to the presence of key market participants & target population, strong technology base, changing lifestyle, and rising prevalence of cardiovascular diseases (CVDs), neurophysiological/neurological disorders, and sleep disorders in the U.S. & Canada
  • Asia Pacific is predicted to display comparatively higher CAGR throughout the forecast period from 2018 to 2026 due to the presence of economic reforms and investment-oriented policies in China, implementation of Goods and Services Tax (GST) by the Indian government in order to avoid the double taxation/cascading effect to assist existing and new market entrants in the region
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Table of Content
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approaches Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Medical Electrodes Market
2.2 Global Medical Electrodes Market, by Type, 2017 (US$ Mn)
2.3 Global Medical Electrodes Market, by Geography, 2017 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Globally Growing Elderly Population Coupled With Rising Prevalence of Chronic and Other Diseases
3.2.1.2 Driver 2
3.2.2 Challenges
3.2.2.1 Challenge 1
3.2.2.2 Challenge 2
3.2.3 Opportunities
3.2.3.1 Opportunity 1
3.2.3.2 Opportunity 2
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
……………………
Chapter 6 Company Profiles
6.1 GE Healthcare
6.2 Boston Scientific Corporation
6.3 Medtronic plc
6.4 Thermo Fisher Scientific, Inc.
6.5 Philips Healthcare
6.6 3M Healthcare
6.7 C. R. Bard, Inc.
6.8 CONMED Corporation
6.9 Asahi Kasei Corporation
6.10 Natus Medical Incorporated
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Capnography Equipment Market 2026: Market Size, Industry Analysis Report by Credence Research

The latest market report published by Credence Research, Inc. “Capnography Equipment Market Growth, Future Prospects, and Competitive Analysis, 2018 – 2026” the capnography equipment market was valued at US$ 264.3 Mn in 2017 and expected to reach US$ 390.5 Mn by 2026 at a CAGR of 4.5 % during the forecast period from 2018 to 2026.
Market Insights
The global capnography equipment market shows productive growth during the forecast period from 2018 to 2026 attributed to an increase in the prevalence of respiratory disorders, rising surgical procedures and emergency cases globally. Capnography devices monitor the levels of expiratory carbon dioxide respiratory gases during intensive care, anesthesia, and procedural sedation. Novel technology advancement in capnography equipment technology, the rise in manufacturing and demand for sidestream, microstream capnographs & consumables is driving the market growth during the forecast period. Production of top quality devices with increased cost in the equipment segment such as multiparameter capnographs and standalone capnographs is also a major factor driving the overall growth. The side stream capnography is leading the global market owing to its proficiency of patient monitoring in emergency & non-intubated conditions, ease of use, and availability of portable devices. Development of point-of-care/portable capnography devices and clinical benefits over pulse oximetry is gaining traction during the forecast period. Moreover, increasing applications in cardiac care, trauma & emergency care, respiratory monitoring, and home care is further generating the demand for capnography equipment globally.
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Other major factors driving the growth include rising hospitalizations for respiratory diseases, increasing ambulatory care segment (mainly to diagnose hypoxia during critical conditions), advancement in the digital industry, and utilization of advanced systems in the mainstream and side stream capnography. Major external factors include expansion of healthcare facilities with high top quality equipment & tools, increasing mortality and morbidity rate of patients, increasing number of surgical procedures globally (procedural sedation), and new product launch is generating maximum revenue share during the forecast period. In addition, increasing partnerships with hospitals, strategic alliances by private players and utilization of top services in the capnography equipment (post-operative monitoring, patient monitoring for anesthesia, hypoventilation, esophageal intubation, endotracheal tube placement, and others) is growing significantly, majorly in the developed nations.
In addition, growing advancements in R&D for capnography equipment technology, implementation of point of care diagnostics, availability of medical reimbursements for capnography equipment, government and organizational support (American Society of Anesthesiologists, Association of Anaesthetists of the Great Britain & Ireland, European Resuscitation Council, Intensive Care Society) for various capnography applications is further going to spur revenue growth during the forecast period.
However, the high cost of the capnography equipment, less follow-up of guidelines related to the clinical use of capnography, low awareness about the treatment and management, shortage of skilled professionals in the developing nations to operate capnography, are few factors limiting the growth of the capnography equipment market globally. Other external factors include increased regulations for medical devices by governing bodies mainly in Europe, India, China, and Japan, and less availability of advanced systems in healthcare settings.
Key Market Movements:
  • Globally, the capnography equipment market remains to exhibit a profitable growth with a CAGR of 4.5% for the period from 2018 to 2026
  • Higher technology assessment in the microstream equipment segment is gaining traction in the market
  • Latin America, Eastern Europe, and the Asia Pacific to show promising opportunities and shows growing CAGR during the forecast period owing to rising awareness among the individuals about new capnography equipment technology
  • Growing number of advanced healthcare settings, easy accessibility of branded equipment, and increasing healthcare spending in developing nations along with rising cases for asthma will contribute to the growth of the market.
  • Major players in this vertical are Drgerwerk AG & Co. KGaA, Burtons Medical Equipment, Ltd., Masimo Corporation, Koninklijke Philips N.V., NIHON KOHDEN CORPORATION, Smiths Group PLC, Welch Allyn, Inc., Medtronic PLC, Infinium Medical, Nonin Medical, Inc. and others.
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Change Management Software Market Size, Share, Growth, Segmentation and Forecast 2018 To 2026: Credence Research

According to a new market report published by Credence Research, Inc., “Global Change Management Software Market (By Offerings (Standalone Software and SaaS), By Deployment Model (On-premise and Cloud-based), By Platform (Web and Mobile), By Organization Size (Small and Medium Enterprises and Large Enterprises), By End-use Vertical (Automotive, BFSI, Consumer Goods, Education, Food & Beverages, Government, Healthcare, IT & Telecom, Manufacturing, Retail, and Others)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global change management software market is expected to witness a growth of 12.8% CAGR during the forecast period from 2018 to 2026.
Product Insights
The global change management software market is likely to demonstrate a remarkable growth, expanding at a CAGR of 12.8% during the forecast period from 2018 to 2026. Change management software allows organizations to monitor, manage, and optimize the change management processes within the work environment. The software enables companies to structure their processes for identifying opportunities, create a plan for implementation, manage communications, manage resources and assets, drive change, optimize auditing, and evaluate data. Increase in digital transformation and automation of IT applications and processes is one major factor driving the growth prospects of change management software market worldwide.
Change management is the discipline that guides how to prepare, support, equip and effectively adopt change for driving organizational outcomes and success. In 2017, based on offerings, standalone software segment garnered the largest market share. Based on deployment model, the global change management software market was led by on-premise segment in 2017. Several organizations across the globe are still largely dependent on the on-premise deployment model. Security features offered by the on-premise deployment model over cloud is enhancing the growth of this segment. On the other hand, cloud-based model projected to demonstrate fastest growth in the market as it allows companies to use software on a pay-per-use basis, making it cost-effective. Based on end-use vertical, market was led by IT & telecom sector. Inclination towards digital transformation coupled with growing investments in digitization by the IT & telecom sector is enhancing the growth of this segment. Based on geography, North America accounted for largest market share in the change management software market in 2017. U.S. led the North America change management software market in the same year and expected to remain dominant in the coming years. The presence of some prominent players such as BMC Software, Inc., International Business Machines Corp., Ivanti, Microsoft Corporation, Oracle Corporation, etc. expected to provide lucrative opportunities in the region.
Competitive Insights:
Major players in the change management software market include Axios Systems, BMC Software, Inc., CA Technologies, Cherwell Software, LLC, EasyVista Inc., Freshworks Inc., Gensuite, International Business Machines Corp., Ivanti, Micro Focus International Plc, Microsoft Corporation, Oracle Corporation, Rocket Software, Inc., ServiceNow, Inc., Serviceaide, Inc., SunView Software, Inc., and VMware, Inc. among others. The software providers are adopting several strategies to thrive in the competitive market environment. Strategies including new product developments, partnerships, etc. are adopted by the players to gain competitive edge over others.
For instance, in November 2017, SunView Software, Inc., one of the leading software organization released Machine Learning and Artificial Intelligence (AI) features to its flagship ChangeGear Platform. These features delivers real-time intelligence support to the end-users. The AI and machine learning features are built to equip organizations with new and powerful smart tools that helps them making informed decisions, resolve tickets faster, increase staff efficiency, improve the satisfaction of end-users, while supporting the ever-changing business environment.
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Friday, October 12, 2018

Automatic Teller Machines (ATM) Market Size, Share, Growth, Strategies, Trends, Analysis and Worldwide Forecast 2018 to 2026: Credence Research

According to a new market research report published by Credence Research “Automatic Teller Machines (ATM) Market (by ATM Location: Onsite ATM and Offsite ATM; by ATM Type: Brown Label ATM and White Label ATM; by Input Medium: Touch Screen Input and Keypad Input) - Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the automatic teller machines (ATM) market was valued US$ 13.64 Bn in 2017 and estimated to grow with a CAGR of 7.8% during the forecast period from 2018 to 2026.
Market Insights
Automatic teller machines or ATM in more colloquial terms is ranked as one of the most influencing modern technology for convenience. Automatic teller machines helped significantly to curb long queues in front of bank counters saving time and resources for bank as well as customers. According to the ATM Industry Association (ATMIA), there are more than 3.5 Mn ATM machines installed all across the globe and the number projected to experience a multifold growth in coming years. Although internet and mobile banking have put some cap on ATM usage, several consumers still prefer to rely on ATM machines for cash and other banking services. This has been identified by several ATM machine manufacturers and are confident about the market growth with a considerable growth rate of 7.8% throughout the forecast period from 2018 to 2026.
Home to several rapidly developing and industrial countries, Asia Pacific contemplated to zoom in as the most lucrative automatic teller machines market across the globe. Economic reforms in developing countries brought a revolution for ATM in Asia Pacific and anticipated to grow even further in the coming years. North America also showed positive intent in adding new ATMs to their tally. Positive growth attitude towards ATM across the globe expected to drive the market considerably in coming years.
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Competitive Insights:
ATM market has tremendous potential and several companies face-off each other to take advantage of the growing market. These companies are consistent in coming up with new and improved machine designs and better security features to grab attention of financial institutes such as banks. A long-term contract with banks is the prime objective of these giants in order to boost their market revenue. The ATM market is fragmented in nature and is characterized by some of the biggest industry players backed by strong relationship with their partner banks.  Few of the major notable players profiled in this research study Hitachi-Omron Terminal Solutions, Mitsubishi Electric Corporation, NCR Corporation, Sharp Electronics Corporation, Tianma Micro-electronics Co., Triton Systems of Delaware, GRG Banking, Intertech Bilgi, Oki Electric Industry Co., AU Optronics Corp., Fujitsu Frontech, KYOCERA Corporation, HESS Cash Systems GmbH, Nautilus Hyosung Corp., and Dibold Nixdorf among others.
Key Analysis Covered:
  • Recent trends and developments in automatic teller machines market and prospects for automatic teller machine vendors
  • Economic development, financial literacy and additional efforts of banking sector to create a beneficial situation for automatic teller machines market
  • Different segmentation of ATM based on their locations, features and their most appropriate market estimation considerable several global and local parameters
  • Largest and fastest growing segments in terms of ATM locations and ATM types
  • Ranking of geographical regions/ countries based on their market size and attractiveness for the automatic teller machines market
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Cancer Diagnostics Market Size, Share, Growth, Strategies, Trends, Analysis and Worldwide Forecast 2018 to 2026: Credence Research

The latest market report published by Credence Research, Inc. “Cancer Diagnostics Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global cancer diagnostics market to reach US$ 115.3 Bn in 2026 expanding at a CAGR of 6.1% from 2018 to 2026.
Market Insights
Cancer diagnostics pave the way to understand the disease progression and the ways in which therapeutic treatment counteract the disease. Discovery of novel cancer diagnostic techniques are expanding at an unmatched rate due to investments in molecular biology and genomic sciences. Burgeoning prevalence of cancer across the globe expected to facilitate rise in demand for cancer diagnostics market during the forecast period. Cancer claims one in six life globally, accounting for more deaths than tuberculosis, AIDS and malaria combined. According to International Agency of Research on Cancer (IARC), there were 14.8 million new cases of cancer and 8.8 million cancer deaths in 2015 worldwide.
This number is projected to grow to 21.7 million new cases and 13 million deaths due to cancer by 2030 owing to growing geriatric population. Growing awareness regarding the early diagnosis of cancer in developed and developing countries is the prime factor for the growth of cancer diagnostics market. This awareness is supported by favourable government initiatives to promote cancer testing, heightened research & development in the field of oncology and easy availability of point-of-care diagnostic kits are further driving the cancer diagnostics market. Number of biopharmaceutical companies are coming up with novel diagnostic technique that are highly accurate and pocket friendly. Number of health conscious people in the developed countries are opting for cancer tests for early traits and possibilities of oncogenic mutations to take prior steps in cancer prevention. These factors will assist the growth of cancer diagnostics market during the forecast period from 2018 to 2026.
In terms of disease conditions, breast cancer held the largest share in the global cancer diagnostics market. Breast cancer remains the most common form of cancer in women globally, with more than 2 million new cases diagnosed in 2018. European countries such as Belgium and Luxembourg show highest number of breast cancer rates due to high rate of diagnosis and high awareness among people. Breast cancer incidences and prevalence is high in North America and it is growing at an alarming rate in Asia Pacific. Breast cancer was responsible for 252,710 new cases in 2017. Moreover, estimated 1 in 8 women in the United States live with a risk of developing breast cancer during their lifetime. There has been a surge in the breast cancer incidence rate in China in last two decades, showing a growth of 3.5% per year during the period from 2000 to 2014. These factor will drive the growth of cancer diagnostics market during the forecast period.
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In terms of geography, North America dominated the global cancer diagnostics market owing to domicile of number of biopharmaceutical companies developing diagnostic kits for early cancer detection. Highly efficient reimbursement scenario in the United States have felicitated the rise in the number of people opting for cancer diagnostic testing at an early stages. Number of clinical laboratories and genomic companies providing cancer detection tests at low cost would further drive the adoption of cancer diagnostics; thereby driving the cancer diagnostics market. Asia Pacific expected to show fastest growth rate during the forecast period owing to growing cancer prevalence in the region, developing healthcare facilities to cater the unmet needs of the target population. Growing medical tourism in the region has urged the provision of sophisticated cancer treatment in the region. The prominent players participating in the cancer diagnostics market include Abbott Laboratories, Qiagen, F. Hoffman-La Roche, Alere, Inc., GE Healthcare, Siemens Healthineers, Agilent Technologies, among others.
Key Market Movements:
  • Growing prevalence of cancer globally
  • Growing research & development for early cancer detection and rising awareness among the masses
  • Number of biopharmaceutical companies coming up with novel diagnostic technique for cancer detection
  • Favorable government initiative in developed and developing countries to tackle the ever growing burden of cancer
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Thursday, October 11, 2018

Electronic Health Records (EHR) Market Size, Share, Growth, Strategies, Trends, Analysis and Worldwide Forecast 2018 to 2026: Credence Research

The latest market report published by Credence Research, Inc. “Electronic Health Records (EHR) Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global electronic health records (EHR) market was valued at US$ 24,222.5 Mn in 2017 expanding at a CAGR of 5.9% from 2018 to 2026.
Market Insights
Electronic health records (EHR) has evolved in last decade from simply being digital form of patient’ paper charts to become healthcare tool to capture, store and share holistic patient’s medical history. EHRs are becoming an essential part of integrated and value based healthcare network and repository for clinical evidences that play a crucial role decision making in healthcare setting. An EHR can store patient’s medical history, medications, diagnoses, treatment regimes, allergies, radiology images and laboratory test results.
EHR also help to streamline administrative workflows in any healthcare setting starting from fixing an appointment to payment and follow-up assistance. Growing inclination towards automation and acceptance of software solutions for clinical decision management systems, radiology information systems, and healthcare IT solutions is the major factor driving the electronic health records market. Number of healthcare institutions in the developed countries are adopting technological advanced healthcare solutions for patient management to eliminate human error, and to save time and cost in long run. Technological development in surgical techniques, operating rooms, growing consumer demand for minimally invasive surgeries, radiology imaging systems and other health services has increased the demand of EHR.
In terms of end-user segment, hospitals held the largest share in the global electronic health records (EHR) market. Today in the hospital setting, several functions of the patient management, including patient entry, registration, report storage, and physician directory, are using electronic health records. Moreover, increasing patient footfalls in hospitals and the requirement to adapt to stringent standards for ensuring patient safety with minimal error has accelerated the adoption of EHR in hospitals.  Ambulatory care centers (ASCs) are projected to exhibit fastest growth rate during the forecast period owing to growing number of ASCs in North America and Europe equipped with advanced medical devices and software solutions.
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In terms of geography, North America held the largest share in the global electronic health records market. The key factors assisting market growth include the need for centralized storage of standard-compliant healthcare data, government initiatives and support for the use of advanced healthcare information systems and technology and cost-related benefits. The rising healthcare costs and rapid demographic changes have forced governments in North America to emphasize the adoption of EHR to increase hospital productivity and clinical outcomes. The governments have also approved significant economic and legislative incentives to promote the digitization of healthcare workflow which assisting the overall EHR market in North America. Asia Pacific emerged as the fastest growing region owing to the growing hospital infrastructure in the countries such as China, India, Indonesia and Singapore. Growing medical tourism in the region has augmented the growth EHR solutions in the region for swift and error medical procedures in the region. The prominent players operating the global electronic health records (EHR) market are Cerner Corporation, McKesson Corporation, GE Healthcare, Allscripts Healthcare Solutions, Epic Systems Corporation, Greenway Health, LLC and eClinicalWorks, athenahealth among others.
Key Market Movements:
  • Growing need for electronic health records in hospitals and other healthcare setting
  • Integration of healthcare information systems and advancements in healthcare IT
  • Emphasis on digitization of healthcare industry to save resources and cost saving in long run
  • Favorable government initiative in developed countries and developing countries to promote digital healthcare
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Cable Trays Market Size, Share, Growth, Segmentation and Forecast 2018 To 2026: Credence Research

According to a new market research report published by Credence Research “Cable Trays Market (Product Type – Ladder Type, Solid Bottom, Trough, Channel, Wire Mesh and Single Rail; Material – Metallic and Non-metallic; Industry Verticals – IT & Telecom, Public Infrastructure, Industrial Manufacturing, Energy & Utilities, Oil & Gas, Commercial, Residential and Others (Marine, Healthcare, Education etc.)) – Growth, Future Prospects and Competitive Analysis, 2018 - 2026”, the global cable trays market was valued at US$ 2,956.9 Mn in 2017 and is set to exhibit steady CAGR during the forecast period from 2018 to 2026.
Market Insights
Cable trays are witnessing increased preference for wiring systems due to their superior advantages over conventional electrical conduit systems. As compared to electrical conduits, cable trays offer higher safety, reliability, enhanced space utilization and lower cost. In addition, these are relatively easier to install and offer enhanced flexibility. The market is highly driven by the continually growing adoption of cable trays over other wiring methods. Over the period, cable tray vendors have introduced wide array of products, enabling their penetration across large number of applications. Thus, availability of wide range of products plays a crucial role in adoption of cable trays across different construction applications.
Another prominent factor driving the market growth is the consistently rising construction industry worldwide. The industrial and commercial construction sector in the U.S., India and China have been demonstrating healthy growth post-economic slowdown. Considering the continually increasing adoption of cable trays, rising construction industry across the globe shows a positive sign for cable trays market growth. Nevertheless, predominant presence of electrical conduit systems in wiring systems is the major challenge for market growth. Despite the superior benefits of cable trays, electrical conduit systems enjoy higher penetration. This is mainly due to lesser confidence of consumers on safety offered by cable trays. Additionally, cable trays are suitable in relatively less number of applications as compared to electrical conduit systems.
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The overall cable trays market is segmented based on product type, material, industry vertical and geography. Based on the product type, the ladder type cable trays segment lead the market. In 2017, the segment contributed to more than 60% of the total market value generated worldwide. Ladder type cable trays are among the most suitable and cost effective cable trays having application across nearly all the applications. Further, based on the geography, North America leads the overall market, closely followed by Europe. Asia Pacific is set to register the fastest growth rate in the market during the forecast period.
Cable trays market is fragmented in nature with presence of numerous regional as well as international players. Market players face remarkable challenges posed by fluctuating raw material prices, price pressure and complying with regulatory standards. Some of the major companies profiled in the report include Atkore International, Inc. (Allied Tube & Conduit), Chatsworth Products, Inc., Cooper Industries (Eaton Corporation), Hubbell, Inc., Chalfant Manufacturing Company, Legrand SA, Marco Cable Management, Oglaend System Group, Panduit Corporation, Schneider Electric SE, TE Connectivity Ltd., Thomas and Betts Corporation and others.
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