Albany, NY (PRWEB) December 08, 2014
The global healthcare industry has undergone a major transformation with the introduction of medical and healthcare analytics. Digitizing the healthcare industry has had revolutionary impact; in a sense that it has reduced hospital stay, improved the quality of healthcare services, prevented the attack and spread of novel diseases, and helped in the detection of fraudulent activities.
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Factors such as emergence of Big Data, federal mandates in the field of healthcare, digitalization of various industries, impact and role of social media, and improved investment returns fuel the growth of the global medical and healthcare analytics market. On the other hand, dearth of skilled labor, concerns regarding security of patient information, reimbursement issues, functional gap between healthcare providers and payers, and rise in government regulation have restrained the medical and healthcare analytics market.
The report throws light on the extremely fragmented medical and healthcare analytics market. The report segments and analyzes the global medical and healthcare analytics market on the basis of platform, application, component, delivery mode, end user, and geography.
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On the basis of platform, the medical and healthcare analytics market is segmented into prescriptive analytics, predictive analytics, and descriptive analytics. Among these, the descriptive analytics segment dominated the medical and healthcare analytics market in 2013 and is estimated to grow at a strong CAGR by the end of the forecast period.
By component, the medical and healthcare analytics market is categorized into software, hardware, and services. The main application areas of medical and healthcare analytics are research analytics, operational analytics, financial analytics, clinical data analytics, and others. Growing at a healthy CAGR of over 25%, the financial analytics segment led the overall medical and healthcare analytics market in terms of applications.
The key modes of delivery of medical and healthcare analytics are cloud-computing, web-hostel model, and on-premise. The major end users of medical and healthcare analytics are healthcare providers, payers, healthcare information exchanges, and others. Among these, payers accounted for the biggest revenue share in 2013 and this end-user segment is anticipated to register a robust CAGR during the forecast period.
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Geographically, the global medical and healthcare analytics market is divided into North America, Europe, and Asia-Pacific, and Rest of the World. North America led the global market, growing at an over 25% CAGR by the end of 2020.
The global medical and healthcare analytics market is highly competitive and has numerous players operating within the industry. The research report identifies and profiles the various participants of the medical and healthcare analytics market and evaluates individual companies on aspects such as company overview, new product and services launch, partnerships, collaborations, deals, agreements, and joint ventures, expansions, mergers and acquisitions, financial situations, strategies, and other developments.
Some of the leading industry players mentioned in the medical and healthcare analytics market include Cerner Corporation, Information Builders, Truven Health Analytics, Allscripts Healthcare Solutions, IBM Corporation, Oracle Corporation, Mc Kesson Corporation, Epic, MedeAnalytics, Inc., and Optum, Inc. Among these, Cerner Corporation led the global medical and healthcare analytics market, accounting for 20% of the overall market share.
Global Animal Health Market Report: 2014 Edition
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Animals like people suffer from diseases and require proper care from the veterinarians, the farmers and the pet owners. Food producing animals are the species that provide animal protein including cattle (both beef and dairy), swine, poultry, sheep and fish, whereas companion animals are the animals that are kept by people for companionship, protection and enjoyment such as dogs, cats, and horses among others. Keeping animals healthy and treating them with dignity is one of the main objectives of the animal health industry and applies equally to companion animals, livestock and wild animals. Animal health market includes pharmaceuticals, vaccines and medicinal feed additives. Pharmaceuticals contribute significantly to the health and well-being of food-producing and companion animals.
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Veterinary healthcare globally has had a significant boost in revenues due to a number of factors. Economic development and related growth in per capita disposable income, increasing pet ownership, increasing demand for improved nutrition especially animal protein, higher attention on food safety and higher demand for greater livestock production are major factors contributing to the growth of animal health market. Going forward, the key factor for the growth of animal health market will be the need to increase production of farm animal products (eggs, milk, beef and other dairy products).
Global Hearing Aid Market Report: 2014 Edition
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The global hearing aid market has a unique mix of dynamism and moderate growth at the same time. The market is dynamic in terms of technological development and innovation while at the same time, it suffers from weaker growth. On the up side, the market is supported by full and/or partial reimbursement programs in most of the developed world, rising proportion of elderly population (especially across the OECD), increasing expenditure on healthcare on a global scale and rising prevalence of hearing loss. On the down side, rising out-of-pocket hearing aid expenditure, price pressure and lower social acceptance remain the chief challenges for the market. However, cochlear implants and bone-anchored hearing systems have emerged as the two bright spots within the hearing aid market.
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The report on global hearing aid market contains a comprehensive analysis of the global hearing instruments industry along with the study of the regional markets including the US, the UK, Japan, France, Germany and China while the focusing on the major segments. An intense competition is observed among few major players; Sonova, William Demant, Siemens, and GN ReSound; of the hearing aid industry. Moreover, competitive landscape in terms of geographical comparison, organic growth comparison, product portfolio comparison, along with company profiles of the leading players in the market is included in this report.
Global Eyewear Market Report: 2014 Edition
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The global eyewear market has been categorized into corrective lenses, contact lenses, sunglasses, frames and refractive surgical lenses. The eyewear market has been showing tremendous potential since past several years. The major factor driving this market is increasing usage and acceptance of eyewear products and prescription eyewear. With a large percentage of the population afflicted with conditions such as myopia, hyperopia, presbyopia, and astigmatism, the demand for corrective eyewear is on the rise. Due to lifestyle changes, which involve increasing formal employment and extensive usage of computers, the number of individuals using corrective eyewear is also increasing.
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The key factors which are anticipated to drive eyewear market growth include increased usage of silicon hydrogel, eyewear fashion and growing demand of kid’s sunglasses. The growth of the industry is hindered by sale of illegal novelty contact lenses, price differentiation between branded and unbranded frames and changing local conditions of various countries. The major factors which will contribute in the growth of the industry include growing ageing population since with age people get more eye problems, rising diabetic population, increasing urban population, and rapidly changing lifestyles.
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