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Showing posts from July, 2020

Healthcare Chatbots: AI to Process Language from Interactions between Humans and Virtual Assistants

Concerns regarding data privacy pose a major challenge for the market. Chatbots are used for various applications in healthcare industry. Chatbots use software that applies AI to process language from interactions between humans and virtual assistants. As chatbots are actively being implemented, data security & privacy is one of the major challenges faced by the market. Patient data contain personal, private, or confidential information and requires strict safeguards to prevent its misuse. [122 Pages Report] The overall healthcare chatbots market is projected to reach USD 314.3 million by 2023 from USD 122.0 million by 2018, at a CAGR of 20.8% during the forecast period. Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27837519 Patient data is protected under federal laws in many countries, and any breaches or failures to maintain its integrity can result in legal and financial penalties. Since chatbots used for patient care require access t...

Biological Safety Cabinets: Increased Risk of Pandemics and Communicable Diseases

The report  “Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic & Research Institution) – Global Forecast to 2022” , the biological safety cabinets market is projected to reach USD 205.9 Million by 2022 from USD 144.3 Million in 2017, at a CAGR of 7.4%. Growth in the biological safety cabinets market is primarily driven by factors such as favorable regulations driving the use of biological safety cabinets in the healthcare industry, increased risk of pandemics and communicable diseases, increasing number of R&D activities in biotechnological and pharmaceutical companies, and rapid growth in the number of biologics. Browse 61 market data Tables and 28 Figures spread through 114 Pages and in-depth TOC on  “Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pha...

COVID-19: Companion Diagnostics Market Growth in Healthcare at a CAGR of 12.9%

Advantages of companion diagnostics, the growing need for targeted therapy, the rising importance of personalized medicine, the increasing global incidence of cancer, and the ever-increasing application areas of companion diagnostics are driving the growth of the global companion diagnostics industry. The increasing demand for next-generation sequencing, the growing significance of companion diagnostics in drug development, and the rising number of clinical trials are the major factors driving the growth of this market. [333 Pages Report] The companion diagnostics market is expected to reach USD 6.8 billion by 2025 from USD 3.7 billion in 2020, at a CAGR of 12.9% during the forecast period of 2020 to 2025. Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155571681 COVID-19 Impact on Companion Diagnostics Market The companion diagnostics market includes major Tier I and II companies like Roche Diagnostics, Agilent Technologies, Qiagen, Thermo...

Neonatal Care Equipment and Fetal Market: Rising Number of Neonatal Care Facilities Worldwide

Growth in the fetal and  Neonatal care equipment market  is mainly driven by the rise in number of preterm and low-weights birth infants, growing number of NICU admissions, and increased awareness of neonatal and fetal care across developing nations. Growth in the in fetal dopplers segment can be attributed to factors such as the growing demand for digital Dopplers over conventional Dopplers and increasing launches of home-use products. The growing popularity of and demand for fetal Doppler devices is increasing due to the procedural advantages these devices offer, such as ease of use, mobility (handheld and battery-operated products), novel features, and display functionalities. The rising adoption of Doppler imaging (especially in first trimester of pregnancy and for the diagnosis of restricted fetal growth), growing preference for the assessment of the fetal-placental circulatory system, expansion of application horizon for fetal Doppler imaging (such as in aneuploidy scree...

Digital Therapeutic (DTx) Market Analysis, Size, Application Analysis, Regional Outlook, And Forecasts 2025

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The growth of the digital therapeutics market is primarily driven by factors such as government initiatives for preventive healthcare, technological advancements in mobile healthcare, a significant increase in venture capital investments, and the benefits of digital therapeutics, such as the ability to induce behavioral change (an important challenge in healthcare), user-friendliness, patient convenience, and improved drug compliance.  The  global digital therapeutics market  is projected to reach USD 6.9 billion by 2025 from USD 2.1 billion in 2020, at a CAGR of 26.7% during the forecast period (2020–2025). Digital Therapeutic (DTx) Market by Application (Prediabetes, Nutrition, Care, Diabetes, CVD, CNS, CRD, MSD, GI, Substance Abuse, Rehabilitation), Sales Channel (B2C, Patient, Caregiver, B2B, Providers, Payer, Employer, Pharma) – Global forecasts to 2025 Market Dynamics 1. Increasing incidence of preventable chronic diseases 2. Rising focus on preventive healthcare 3....

In Vitro Fertilization Market : Fertility Tourism and Male Infertility on the Rise

MarketsandMarkets forecasts the  In Vitro Fertilization market  to grow from  USD 465.2 million in 2016 to 847.8 million by 2022 , at a Compound Annual Growth Rate  (CAGR) of 10.9%  during the forecast period. The major factors that are expected to be driving the IVF market are growth of this market include growth in the median age of first-time motherhood, declining fertility rates, rising male infertility, rise in consumption of alcohol and cigarettes, and growing public awareness about infertility and the available treatment options. Opportunity: Fertility tourism Asia is one of the most preferred destinations for medical care. One of the major factors driving the medical tourism industry in Asia is the low cost for high-quality healthcare facilities delivered by doctors and surgeons trained and educated in the top institutes in the US and Europe. According to a survey conducted by the International Federation of Fertility Societies in 2013, there are mo...

Inspection Machine Market: Increasing Adoption of Automated Inspection Systems in the Pharmaceutical and Biotechnology Industries

New market research report on “ Inspection Machine Market  by Product (Vision Inspection, Checkweigher metal detector , Software) Type (Automatic, Manual), Packaging (Ampoules, Vials, Blisters, Bottles), user (Pharmaceutical, Medical Devices, Food) — Global Forecast to 2024 ”, published by MarketsandMarkets™, the Inspection Machines Market is projected to succeed in USD 774 million by 2024 from USD 592 million in 2019, growing at a CAGR of 5.5% between 2019 and 2024. Don’t miss out on business opportunities in Inspection Machines Market. The increasing expenditure in medical manufacturing to make sure compliance with Good Manufacturing Practices and therefore the rising penetration of automation are a number of the main factors that are expected to drive the growth of this market during the forecast period.The introduction and implementation of numerous regulatory mandates in the healthcare sector and the adoption of new technologies in line with the increasing number of inspection...

Behavioral Health Software Market: High Demand for Mental Health Services in Healthcare

Increasing adoption of behavior health software, availability of government funding, government initiatives to encourage EHR adoption in behavioral health organizations, favorable behavioral health reforms in the US, and high demand for mental health services amidst provider shortage are the major factors driving the growth of this market. What the Behavioral Health Software Market Looks Like? Predicted to grow at a CAGR of 14.8 % during the forecast period, the global  behavioral health software market  is estimated to reach USD 2.31 billion by 2022. In 2017, North America is expected to dominate the mental health software market, followed by Europe. What are the Behavioral Health Software Market Segments? This report segments the behavioral health software market into component, delivery model, functionality, end user, and region. Based on component, the market is segmented into software and support services. The support services segment is expected to account for th...

Patient Monitoring Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth

Patient monitoring devices for continuous monitoring, detection, and treatment of heart, brain, lungs, and blood activities and measurement of temperature and weight of the body. Patient Monitoring Devices Market by Product (EEG, EMG, MEG, TCD, Peak Flow Meter, Pulse Oximeter, Fetal Monitoring, Temperature Monitoring Devices, MCOT, ECG, Hemodynamic Monitoring System), End User (Home, Hospital). Market Growth Overview: The  patient monitoring devices market  is projected to reach USD 25.31 billion by 2023 from USD 18.11 billion in 2017, at a CAGR of 5.7%. Availability of wireless patient monitoring devices The integration of monitoring technologies in smartphones and wireless devices is a key trend in patient care, resulting in the introduction of remote patient monitoring systems, mobile cardiac telemetry devices, mobile personal digital assistant (PDA) systems, ambulatory wireless EEG recorders, and ambulatory event monitors. Advanced devices such as mobile PDA systems enable...

Minimally Invasive Surgeries are Driving the Growth of the Peripheral Vascular Devices Market in 2020

Peripheral Vascular Devices Market Report Overview The  peripheral vascular devices market  is projected to reach USD 14.4 billion by 2024 from USD 10.3 billion in 2019, at a CAGR of 6.8% during the forecast period. The rapid growth in the geriatric population and the associated increase in the prevalence of peripheral vascular diseases, approval of new and advanced products, and the growing preference for minimally invasive surgeries are driving the growth of the peripheral vascular devices. Atherectomy devices accounted for the larger share of the plaque modification devices market in 2018 On the basis of type, the plaque modification devices market is segmented into atherectomy devices and thrombectomy devices. In 2018, the atherectomy devices segment accounted for the larger market share mainly due to the increasing incidence of atherosclerosis as a result of the rising global prevalence of obesity. Embolic protection devices accounted for the largest share of the peripher...