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Unlocking Growth: Australia and New Zealand Ultrasound Devices Market Analysis

The Australian and New Zealand ultrasound devices market is on the cusp of remarkable growth, poised to expand at a Compound Annual Growth Rate (CAGR) of 6.07% from 2024 to 2032. This surge is driven by several factors, including the increasing prevalence of cardiovascular diseases globally and the rising tide of technological advancements offering targeted therapies. In this comprehensive blog post, we will delve deep into the Australian and New Zealand ultrasound devices market, exploring its overview, dynamics, external trends, segmentation, growth prospects, recent developments, competitor analysis, and more. So, let’s embark on this enlightening journey.

Australia and New Zealand Ultrasound Devices Market Overview

Ultrasound devices are a crucial component of modern healthcare, playing a pivotal role in diagnostics and therapeutic interventions. In the Australia and New Zealand region, these devices have witnessed significant adoption due to their non-invasive nature and versatility. They are widely utilized for imaging various body parts, including the heart, abdomen, and musculoskeletal system.

Australia and New Zealand Ultrasound Devices Market Dynamics

The Prevalence of Cardiovascular Diseases

One of the primary drivers of the Australia and New Zealand ultrasound devices market is the increasing prevalence of cardiovascular diseases. Heart diseases have become a global epidemic, affecting millions of people worldwide. In this region, these conditions have been on the rise, necessitating the use of advanced ultrasound devices for early diagnosis and monitoring.

Technological Advances

The relentless march of technology has transformed the landscape of medical devices, including ultrasound machines. Innovations such as 3D and 4D imaging, portable ultrasound devices, and AI-powered diagnostics have enhanced the accuracy and efficiency of ultrasound examinations. This has further fueled the demand for these devices in Australia and New Zealand.

External Australia and New Zealand Ultrasound Devices Market Trends

Telemedicine Revolution

The emergence of telemedicine has had a profound impact on the healthcare industry. With the COVID-19 pandemic accelerating the adoption of remote healthcare solutions, ultrasound devices have found a new frontier. They are now being used in tele-ultrasound consultations, enabling healthcare professionals to remotely diagnose and guide patients, even in remote areas.

Increasing Investment in Research

Government and private sector investments in medical research have been steadily increasing in Australia and New Zealand. This has led to a greater emphasis on developing cutting-edge ultrasound technologies, resulting in better healthcare outcomes for patients.

Australia and New Zealand Ultrasound Devices Market Segmentation

To understand the market better, it’s essential to break it down into key segments. The Australia and New Zealand ultrasound devices market can be segmented based on:

1. Product Type

2D Ultrasound: Traditional two-dimensional imaging.
3D and 4D Ultrasound: Advanced imaging for detailed anatomical assessments.
Doppler Ultrasound: Used for studying blood flow.
Portable Ultrasound: Compact and versatile devices for point-of-care applications.

2. Application

Cardiovascular: For diagnosing heart conditions.
Obstetrics and Gynecology: Used during pregnancy.
Radiology and Imaging: General diagnostic purposes.
Others: Specialized applications in various medical fields.

3. End-user

Hospitals and Clinics: Primary users of ultrasound devices.
Diagnostic Centers: Specialized facilities for medical imaging.
Ambulatory Surgical Centers: Outpatient facilities.
Others: Research institutions, home care, etc.

Australia and New Zealand Ultrasound Devices Market Growth

The Australian and New Zealand ultrasound devices market are poised for robust growth in the coming years. The aforementioned factors, such as the increasing prevalence of cardiovascular diseases and technological advances, are expected to drive this growth. Additionally, the region’s healthcare infrastructure and commitment to research and development further bolster market prospects.

Recent Developments in Australia and New Zealand Ultrasound Devices Market Scope

Technological Advancements

As mentioned earlier, technology plays a crucial role in the growth of the ultrasound devices market. Recent developments include:

AI Integration: AI algorithms for more accurate diagnosis.
Wireless Connectivity: Enhanced data sharing and remote monitoring.
Ergonomic Design: Improved user experience for healthcare professionals.

Telemedicine Integration

The integration of ultrasound devices into telemedicine platforms has gained significant momentum, allowing patients in remote areas to access quality healthcare services. This trend is expected to continue growing as telemedicine becomes more mainstream.

Australia and New Zealand Ultrasound Devices Market Analysis

To gain a comprehensive understanding of the market, various analyses are essential. Some key features of market analysis include:

Patent Analysis

Analyzing patents helps assess the level of innovation in the market. The Australia and New Zealand ultrasound devices market have witnessed a surge in patent applications, reflecting ongoing research and development efforts.

Grants Analysis

Government grants and funding in the medical sector indicate the level of support for research and innovation. Analyzing grant data provides insights into the financial resources available for advancements in ultrasound technology.

Clinical Trials Analysis

Clinical trials play a pivotal role in the validation of new ultrasound technologies and techniques. Monitoring ongoing clinical trials helps track the progress of innovative devices and their potential impact on patient care.

Funding and Investment Analysis

Understanding the financial landscape of the market is crucial. It involves assessing the funding and investment opportunities available to companies operating in the Australia and New Zealand ultrasound devices market.

Partnerships and Collaborations Analysis

Collaborations between companies, research institutions, and healthcare providers can lead to breakthrough innovations. Analyzing these partnerships provides insights into potential market disruptors and growth opportunities.

Key Players in the Australia and New Zealand Ultrasound Devices Market

Several key players dominate the Australia and New Zealand ultrasound devices market. These companies have a significant impact on market dynamics and innovation. Some of the prominent players in this market include:

1. Siemens Healthineers

Siemens Healthineers is a global leader in medical technology, including ultrasound devices. Their commitment to innovation and quality has made them a trusted name in the healthcare industry.

2. GE Healthcare

GE Healthcare is renowned for its wide range of medical imaging solutions, including ultrasound devices. Their products are known for their precision and reliability.

3. Philips Healthcare

Philips Healthcare is a pioneer in healthcare technology, offering advanced ultrasound solutions. Their focus on patient-centric innovation drives their success in the market.

4. Toshiba Medical Systems

Toshiba Medical Systems, now part of Canon Medical Systems, continues to deliver cutting-edge ultrasound technology, catering to various medical specialties.

5. Fujifilm SonoSite

Fujifilm SonoSite specializes in portable and point-of-care ultrasound systems, catering to diverse clinical needs.

FAQ: Understanding the Australia and New Zealand Ultrasound Devices Market

1. What is the growth forecast for the Australia and New Zealand ultrasound devices market?

The market is projected to grow at a CAGR of 6.07% from 2024 to 2032, driven by the increasing prevalence of cardiovascular diseases and technological advancements.

2. How are ultrasound devices used in telemedicine?

Ultrasound devices are integrated into telemedicine platforms to enable remote consultations and diagnosis. Healthcare professionals can guide patients and make real-time assessments, even from distant locations.

3. What are the key segments of the Australia and New Zealand ultrasound devices market?

The market can be segmented by product type (2D, 3D/4D, Doppler, portable), application (cardiovascular, obstetrics and gynecology, radiology, others), and end-users (hospitals, diagnostic centers, ambulatory surgical centers, others).

4. Who are the key players in the market?

Prominent players in the Australia and New Zealand ultrasound devices market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Toshiba Medical Systems (Canon Medical Systems), and Fujifilm SonoSite.

5. What recent developments are shaping the market?

Recent developments include AI integration, wireless connectivity, ergonomic design, and the integration of ultrasound devices into telemedicine platforms.

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Sacral Nerve Stimulation Market Size, Share, Growth, Trend 2024-2032

The ‘Global Sacral Nerve Stimulation Market Share, Size, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global sacral nerve stimulation market, assessing the market on the basis of its segments like product, type, application, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Sacral Nerve Stimulation Market Size, Share, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2031)

Forecast CAGR (2023-2031): 12.50%

The global sacral nerve stimulation market is growing rapidly due to the rising prevalence of urge incontinence conditions such as overactive bladder, urinary tract infection, and faecal incontinence. Sacral nerve stimulation is used as a secure and efficient therapy for patients suffering from urinary or faecal dysfunction. They also help in the treatment of other issues including chronic anal fissure and chronic diseases which result in urge continence, which is supporting the market to grow rapidly all across the globe.

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Rising availability of the medical reimbursements all across the globe is fuelling the growth of the market for sacral nerve stimulation. Hospitals and clinics are implanting SNS devices due to increasing number of incidents in pelvic pain, urinary incontinence, faecal incontinence, and increasing number of patients suffering from urinary tract infections. External SNS devices are in greater demand due to rising incidences of faecal incontinence and OAB.

Faecal and urinary incontinence is commonly observed in geriatric populations which is growing rapidly, thereby influencing the growth of the sacral nerve stimulation market positively. Declining nervous system and elementary tract performance such as rectal function, colonic, mental function, sphincter, stool volume and consistency increase faecal incontinence in people of older age, driving the demand for sacral nerve stimulation.

Sacral Nerve Stimulation Industry Definition and Major Segments

Sacral nerve stimulation is a method of stimulating the sacral nerve with an electric current in order to improve the functioning of the bladder, the bowel, and modulate pain of the pelvis. The sacral nerve connects to the bladder, pelvic floor muscles, anal sphincter, urinary sphincter, and rectosigmoid colon. Sacral nerve stimulation is a reversible treatment commonly used for incontinence when other treatments such as dietary changes, behavioural therapy, and medications, among others, have shown limited results.

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Based on product, the market is segmented into:

Implantable SNS Devices
External SNS Devices

On the basis of type, the market is bifurcated into:

Electrical Muscle Stimulation
Transcutaneous Electrical Nerve Stimulation

Based on application, the market is divided into:

Urinary and Faecal Incontinence
Urge Incontinence
Chronic Anal Fissure
Others

On the basis of region, the market is classified into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Sacral Nerve Stimulation Market Trends

The key trends in the global sacral nerve stimulation market include the rising incidences of urinary incontinence in older women influenced by age, diabetes, smoking, obesity, and hypertension. Moreover, the potential of sacral nerve stimulation to control associated infections is expected to provide opportunity for the market to grow. Advancements in the healthcare sector such as technological improvements in implantable SNS devices are also expected to fuel the growth of the market.

Increasing investments in research and development activities for sacral nerve stimulation by key players is propelling the growth of the sacral nerve stimulation market. Developments such as sacral neuromodulation are considered safe and minimally invasive advanced therapy options. Anoplasty and sacral nerve stimulation are considered an effective combination for the treatment of radiation induced anal stenosis.

North America accounted for a large share in the sacral nerve stimulation market owing to the increasing awareness regarding the treatment, rising cases of urge incontinences and OAB in the region, technological advancements, and improving healthcare facilities. Meanwhile, the Asia Pacific is expected to have a growing share in the forecast period due to rising cases of faecal and urinary incontinence and improvements in healthcare infrastructure in countries in the region.

Key Market Players

The major players in the global sacral nerve stimulation market report are:

Medtronic Plc
Abbott Laboratories
Axonics, Inc.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Scar Treatment Market Size, Share, Growth, Trends 2024-2032

The new report by Expert Market Research titled, ‘Global Scar Treatment Market Report and Forecast 2024-2032’, gives an in-depth analysis of the global scar treatment market, assessing the market based on its segments like end-product forms, equipment types, and applications. The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analysing the market supported the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2032)

Forecast CAGR (2024-2032): 9.8%

Scar Treatment Industry Definition and Major Segments

Scar treatment refers to the techniques and procedures used to treat acne, keloid scars, contracture scars, hypertrophic scars, and other types of scars. Scars are scars left behind by surgeries, injuries, or infections. The treatment and revision procedures are used to make these scars appear less noticeable and more in line with the surrounding skin tone and texture. Various treatments, such as over-the-counter (OTC) gels, ointments, creams, and silicone sheets; surgeries for skin grafts, excisions, or laser treatment; and collagen injections, are used to speed up the healing process. Topical creams enriched with Vitamin E are sometimes used to reduce post-surgery scars.

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The scar treatment market can be divided based on segments like scar type, product type and end-use.

Scar Type
- Atrophic Scars
- Hypertrophic and Keloid Scars
- Contracture Scars
- Stretch Marks
- Others
Product Type
- Topical Products
  - Creams
  - Gels
  - Oils
  - Other Topical Product
- Laser Product
  - CO2 Laser
  - Pulse-dyed Laser
  - Other Laser Products
- Injectable Product
- Others
End Use
- Hospitals/Clinics
- Retail Drug Stores
- E-commerce Stores

Scar Treatment Market Trend

The growing demand for scar removal treatment for burn injuries caused by rising road accident cases is driving the global scar treatment market. The introduction of laser therapy, which aids in the destruction of scar tissue, has also boosted the global market. Because scar removal products such as topical creams and gels, laser instruments, and steroid injections are commonly used in hospitals, the hospital segment is the largest shareholder in the market. Because of the high penetration of laser-based products in skin restoration and scar treatment, rapid adoption of advanced products, and growing awareness about aesthetic appeal, North America is the leading regional market.

Key Market Players

The major players within the market are Alliance Pharma, Bausch Health, Smith & Nephew plc, Merz, Inc., Lumenis, Sonoma Pharmaceuticals, Inc., Molnlycke Health Care, Cynosure, Inc., Suneva Medical, Inc., Sientra, Inc. and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.

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Medical Simulation Market Size, Share, Growth, And Report 2024-2032

The new report by Expert Market Research titled, ‘Global Medical Simulation Market Report and Forecast 2023-2031’, gives an in-depth analysis of the global medical simulation market, assessing the market based on its segments like product and services, end use and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2032)

Historical Market Size (2023): USD 2.2 billion
Forecast CAGR (2024-2032): 16.5%
Forecast Market Size (2032): USD 8.6 billion

The global medical simulation market is growing due to advancements in surgical tools and technology, as well as a growing desire for minimally invasive surgical procedures. These procedures promote patient compliance by reducing the length of stay in the hospital and the amount of time required to cure the invasion during surgery.

Medical Simulation Industry Definition and Major Segments

Medical simulation, or more broadly, healthcare simulation, is a simulation branch associated with medical education and training in a variety of industries. Simulations can be done in a classroom, in a situational context, or in a venue constructed expressly for simulation.

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Based on product and services, the market covers:

Anatomical Models
- Patient Simulators
  - High-Fidelity Simulators
  - Medium-Fidelity Simulators
  - Low-Fidelity Simulators
- Task Trainers
- Interventional/Surgical Simulators
  - Laparoscopic Surgical Simulators
  - Gynaecology Surgical Simulators
  - Cardiac Surgical Simulators
  - Arthroscopic Surgical Simulators
  - Other Interventional/Surgical Simulators
- Endovascular Simulators
- Ultrasound Simulators
- Dental Simulators
- Eye Simulators
Web-Based Simulation
Medical Simulation Software
- Performance Recording Software
- Virtual Tutors
Simulation Training Services CEV
- Vendor-Based Training
- Educational Societies
- Custom Consulting and Training Services

Based on end use, the market is categorized into:

Academic Institutes
Hospitals
Military Organizations
Others

The major regional markets include:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

Medical Simulation Market Trends

Growing technology advancements, increased need for minimally invasive treatment techniques, and a growing focus on patient safety are just a few of the primary reasons propelling the worldwide medical simulation market forward. Various simulation modalities are utilized to teach and train the method for performing minimally invasive procedures.

Various animal models, virtual reality, and video trainers can also be utilized to simulate minimally invasive treatments. As a result, the medical simulation industry is growing due to increased demand for minimally invasive surgical procedures. Because of the growing importance of various health applications, medical visualization, surgical robots, and preventive drugs, sophisticated healthcare simulation techniques have become more widely used. This is anticipated to accelerate market expansion.

The high cost of simulators, restricted investment in simulation systems, and operational issues are all important limitations that could stifle the medical simulation market’s growth in the future.

Key Market Players

The major players in the market are 3D Systems, CAE Inc, Simulaids Inc, Simulab Corporation, Kyoto Kagaku, Limbs & Things, Mentice, Laerdal, Gaumard Scientific Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Medical Spa Market Size, Share, Growth, And Forecast 2024-2032

The new report by Expert Market Research titled, ‘Global Medical Spa Market Report and Forecast 2024-2032’, gives an in-depth analysis of the global medical spa market, assessing the market based on its segments like services, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2016-2031)

Historical Market Size (2023): USD 15.9 billion
Forecast CAGR (2024-2032): 13.3 %

The global medical spa industry is being driven by the rising demand for aesthetic medicines and cosmetic treatment options for beauty enhancement, as well as the rise in wellness trends, particularly in developed countries.

Furthermore, the global ageing baby boomer generation, together with rising disposable incomes, is providing additional stimulus to the medical spa market’s growth. However, a scarcity of skilled professionals, particularly in emerging economies, and the high cost of procedures are two significant constraints that might hinder market growth during the forecast period.

Medical Spa Market Definition and Major Segments

A medical spa is a spa that offers a medical program that is operated by a certified health care expert. These spas give medical beauty treatments such as microdermabrasion, lasers, botox, and other treatments, as well as regular spa services such as facials and massages.

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The medical spa market, on the basis of services, can be segmented into:

Facial Treatment
Body Shaping and Contouring
Hair Removal
Scar Revision
Tattoo Removal
Others

The regional markets include:

North America
Europe
Asia Pacific
Latin America
Middle East an
Africa

Medical Spa Market Trends

There is a high demand for minimally invasive procedures such as chemical peels and non-surgical skin tightening, as well as body sculpting and tattoo removal.

Furthermore, wellness packages offered by hotels are fuelling a surge in demand for wellness vacations, driving the medical spa market even further. Unique facial treatments offered in medical spas, such as the ultrasonic fountain, nature signature facial, oxygen facial, derma wave, and HydraFacial MD, are bolstering segment growth. As a result, it is expected that the development of such innovative approaches will further boost the global medical spa market in the coming years.

Key Market Players

The major players in the market are Biovital Med Spa LLC, Westchase Medspa, Sciton, Inc., Chic la Vie Med Spa, Lanserhof Lans, Kurotel – Centro Médico de Longevidade e Spa, Clinique La Prairie SA, Canyon Ranch, Chic la Vie Med Spa, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Ventricular Assist Device Market Size, Share, Growth 2024-2032

The new report by Expert Market Research titled, ‘Global Ventricular Assist Device Market Size, Share, Report and Forecast 2024-2032’, gives an in-depth analysis of the Global Ventricular Assist Device market, assessing the market based on its segment like product type, application, design, and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The key highlights of the report include:

Market Overview (2018-2032)

Historical Market Size (2023): 1.46 billion
Forecast CAGR (2024-2032): 11.6%
Forecast Market Size (2032): USD 3.9 billion

The global Ventricular Assist Device market witnessed decent growth in the historical period, due to an increase in lifestyle related diseases and rising incidences of chronic diseases like diabetes, hypertension, cardiovascular diseases etc.

Ventricular Assist Device Industry Definition and Major Segments

Ventricular Assist Device functions as a mechanical circulatory support device, that is, as an implantable mechanical pump that aids in pumping blood from the lower chambers of the heart to the rest of the body. These devices are important in several treatment approaches for heart-related ailments. These life saving devices can be used to replace the function of a failing heart, either partially or totally.

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By product type, the market is segmented into:

Left Ventricular Assist Devices (LVADs)
Right Ventricular Assist Devices (RVADs) Silicon
Biventricular Assist Devices (BIVADs)

By application, the market is bifurcated into:

Bridge-To-Transplant (BTT) Therapy
Destination Therapy
Bridge-To-Recovery (BTR) Therapy
Bridge-To-Candidacy (BTC) Therapy

By design, the market is split into:

Transcutaneous Ventricular Assist Devices
Implantable Ventricular Assist Devices

The regional market for Ventricular Assist Device includes:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Ventricular Assist Device Market Trends

Geographically, North America held the largest market in the historical period. The availability of regulated reimbursement policies and coverages, as well as increased awareness of VADs such as bridge-to-recovery, destination therapies, and bridge-to-transplant, are expected to drive the VAD industry in the forecast period. The United States has the largest number of obese citizens, putting them vulnerable to cardiovascular disease.

In addition, the development of technologically advanced healthcare facilities in the United States is predicted to raise treatment numbers and provide impetus to market expansion. However, Asia Pacific is anticipated to register the highest CAGR growth in the forecast period. Advancement in healthcare facilities and favourable initiatives from the region’s governments are boosting the public and private partnerships and investments in countries like China, India, etc.

One of the important factors driving the growth of the VAD market is the rise in the incidence of chronic illnesses and the drop in organ transplantation, due to long waiting times for receiving the transplant. Furthermore, growing geriatric population and rising natality are significant impact-rendering drivers for the market over the projected period.

The VAD market is continually changing, and the major companies are investing in product innovation and development. The market for VAD is projected to be driven by technological improvements along with timely regulatory approvals in the form of small-size devices with features such as infection control. These factors are expected to propel the market in the forecast period.

Key Market Players

The major players in the global market involve Terumo Corporation (OTCMKTS: TRUMY), ReliantHeart, Inc., Medtronic Plc., Jarvik Heart, Inc., CardiacAssist Technologies, Calon Cardio-Technology Ltd., Abbott Laboratories , Asahi Kasei Corporation, Abiomed, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Corporate Wellness Market Size, Share, Trends And Forecast 2024-2032

The new report by Expert Market Research titled, ‘Global Corporate Wellness Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032’, gives an in-depth analysis of the global corporate wellness market, assessing the market based on its segments like service type, end user, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2038)

Historical Market Size (2023): USD 68.85 billion
Forecast CAGR (2024-2032): 6.5%
Forecast Market Size (2032): USD 121.35 billion

The worldwide corporate wellness industry is developing due to growing emphasis on mental health around the world. Longer work hours and a higher burden are aiding the industry’s growth by increasing mental health difficulties. Furthermore, the COVID-19 epidemic has had a severe negative impact on employees’ mental health because of the work-from-home culture’s social isolation. According to the Centers for Disease Control and Prevention (CDC), in 2020, over 40% of adults in the United States would have mental health or drug misuse issues. Furthermore, the industry’s expansion has been assisted by favourable government policies and investments aimed at combating mental health issues.

Corporate Wellness Industry Definition and Major Segments

The execution of various programmes by organisations that encourage healthy habits in the workplace is referred to as corporate wellness. It includes health promotion tactics, policies, and other perks that give employees more ways to stay healthy at work while also increasing productivity. It also aids organisations in avoiding potential productivity losses and healthcare costs by establishing a healthy work culture, which enhances employee retention and loyalty.

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Based on service type, the market is segmented into:

Health Risk Assessment
Nutrition and Weight Management
Stress Management
Smoking Cessation
Others

On the basis of end user, the industry can be divided into:

Private Sector
Public Sector
Other End Users

On the Basis of region, the market can be divided into:

North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa

Corporate Wellness Market Trends

North America has a substantial portion of the corporate wellness sector due to stringent laws and growing government funding in the region to encourage the adoption of a variety of corporate wellness programmes. The majority of prominent players in the corporate wellness market are based in the United States. In addition, the prevalence of chronic diseases, sedentary lifestyles, and mental health issues are driving industry expansion over the projection period. Meanwhile, increased drug misuse concerns because of the opioid epidemic is another crucial aspect that is expected to have a substantial impact on the corporate wellness industry’s growth.

Key Market Players

The major players in the market are ComPsych Corporation, EXOS, Marino Wellness LLC, Privia Health LLC, Quest Diagnostics Incorporated, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Medical Coding Market Size, Share, Growth And Report 2024-2032

The new report by Expert Market Research titled, ‘Global Medical Coding Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032’, gives an in-depth analysis of the medical coding market, assessing the market based on its segments like classification system, component, end use, and regional markets among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2032)

Historical Market Size (2023): 18.82 billion USD
Forecast CAGR (2024-2032): 10.9%
Forecast Market Size (2032): 28.4 billion USD

According to the WHO, emergency codes for COVID-19 were activated in February 2020 for confirmed COVID-19 diagnoses as well as clinical or epidemiological diagnoses (suspected or probable) of COVID-19. The worldwide rules for certification and coding of COVID-19 as a cause of death were released in seven languages in April 2020. A set of extra codes was enabled in January 2021 for COVID-19 vaccination and adverse responses to a COVID-19 vaccine. The international classification of diseases (ICD) section of the medical coding business is expected to account for a large market share based on the classification system. This rise is likely due to the increased desire for a standardised medical coding system to simplify the storage and interpretation of medical data. Furthermore, the WHO’s International Classification of Diseases and Related Health Problems (ICD) is widely used in many regions of the world due to its extensive set of codes that enable for accurate data storage and management. ICD 11, which is planned to be implemented in 2022, is an enhanced and entirely electronic coding and reference tool that also includes sophisticated comprehension tools like the Global Antimicrobial Resistance Surveillance System (GLASS).

Medical Coding Industry Definition and Major Segments

The process of converting diagnoses, treatment methods, medical services, and equipment into universal medical alphanumeric codes is known as medical coding. These codes can be found in medical records, such as lab test results and physician diagnoses. In this regard, a medical coder must ensure accurate code input during the medical billing process, as the coding process is primarily performed to organise medical data and ensure accurate billing reimbursement, as well as charting the patient’s health in case of any subsequent complaint or treatment required. There are a variety of coding systems that are available globally, however, the WHO’s International Classification of Diseases (ICD) is one of the most used.

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By classification system, the market is bifurcated into:

International Classification of Diseases (ICD)
Healthcare Common Procedure Code System (HCPCS)

On the basis of component, the industry can be categorised into:

In-house
Outsourced

Based on end use, the market can be divided into:

Hospitals
Diagnostic Centres
Others

The major regional markets of the medical coding market are:

North America
Asia Pacific
Latin America
Europe
Middle East and Africa regions

Medical Coding Market Trends

Technological solutions are rapidly being utilised to increase efficiency in the medical industry as the need for more convenient and simplified processes grows. As a result, a variety of computer-assisted coding solutions are being developed to improve coding and billing procedures. Furthermore, the medical coding procedure aids in the integration of various clinical documents. These innovations are projected to boost productivity, transparency, and accuracy while lowering costs and reducing mistakes. Additionally, advancements such as the incorporation of AI technology into medical coding operations are predicted to improve the process of identifying and valuing needed codes, hence catalysing the medical coding industry’s market growth. During the forecast period, North America is estimated to lead the medical coding business. This expansion might be ascribed to the region’s strong healthcare infrastructure and quick use of IT in the medical industry. In addition, the region’s supply of qualified medical coders is helping to drive expansion. Another important driver of market expansion is the high frequency of chronic diseases in the region as a result of the region’s ageing population, which is more vulnerable to serious illnesses. These variables are predicted to have a substantial impact on the industry’s growth.

Key Market Players

The major players in the market are 3M Co., Nuance Communications Inc., Precyse Coding Solutions LLC, Aviacode Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Telehealth Market Size, Share, Growth 2024-2032

According to the report by Expert Market Research (EMR), the global telehealth market Size reached a value of approximately USD 79.5 billion in 2022. Aided by the rising adoption of digital health platforms and the growing need for remote patient monitoring, the market is projected to further grow at a CAGR of 25.58% between 2024 and 2032 to reach a value of USD 614.6 billion by 2031.

Telehealth leverages digital information and communication technologies, such as computers and mobile devices, to manage health and well-being. It provides a wide array of services, from virtual doctor consultations and patient monitoring to health education services. It facilitates access to healthcare services, particularly for remote patient populations and individuals with limited mobility.

One significant driver of the global telehealth market growth is the growing preference for digital health platforms. As patients increasingly seek comfort and convenience, digital health platforms provide an efficient alternative to traditional in-person health consultations. This shift is leading to a surge in demand for telehealth services.

Moreover, the growing geriatric population and the associated increase in chronic diseases are compelling healthcare providers to look for innovative ways to offer patient care. Here, telehealth presents a cost-effective and efficient solution, enabling healthcare professionals to monitor and manage patients remotely.

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Another contributing factor to the telehealth market expansion is the proliferation of smart devices and advancements in ICT infrastructure. With increasing smartphone penetration and improved internet connectivity worldwide, accessing telehealth services has become easier for a broader population base. The trend towards patient-centric care is also significantly influencing the market. As patients become more involved in managing their health, telehealth platforms that offer personalised care, continuous patient engagement, and immediate healthcare access are seeing increased demand.

In addition, the COVID-19 pandemic has further underlined the importance of telehealth services. Amid lockdowns and the necessity of social distancing, telehealth provides a critical solution to continue healthcare services while minimising the risk of virus transmission. The incorporation of cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) is set to revolutionize the telehealth market further. These technologies can offer advanced analytics, better diagnosis, and improved patient care, creating significant growth opportunities for the telehealth market development.See also Not Just A Box- The Unseen Power Of Food Packaging

Telehealth Market Segmentation

The market can be divided based on product type, delivery mode, disease area, end user, and region.

Market Breakup by Product Type

• Hardware

o Monitors
o Medical Peripheral Devices

Blood Pressure Meters
Blood Glucose Monitors
Weighing Scales
Pulse Oximeters
Peak Flow Meters
ECG Monitors
Other Devices

• Software

o Standalone Software
o Integrated Software

• Services

o Remote Patient Monitoring Devices
o Medical Call Centres Manned by Healthcare Professionals
o Real Time Interactions
o Store and Forward
o Other Services

Market Breakup by Delivery Mode

• On-Premises
• Web-Based
• Cloud-Based

Market Breakup by Disease Area

• Cardiology
• Psychiatry
• Diabetes
• Neurology
• Sleep Apnea
• Gastroenterology
• Oncology
• General Medicine
• Others

Market Breakup by End User

• Healthcare Providers
• Healthcare Consumers
• Payers
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global telehealth companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Koninklijke Philips N.V.
• Abbott
• Medtronic
• Apple, Inc.
• AirStrip Technologies Inc.
• AliveCor India
• Omron Corporation
• BioTelemetry, a Philips Company
• Athenahealth, Inc.
• AgaMatrix
• Withings
• iHealth Labs, Inc.
• Cerner Corporation
• ZTE Corporation
• Cisco Systems, Inc.
• AT&T Intellectual Property
• Qualcomm Technologies, Inc.

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Contraceptive Devices Market Size, Share, Trends 2024-2032

The new report by Expert Market Research titled, ‘Global Contraceptive Devices Market Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032’, gives an in-depth analysis of the global contraceptive devices market. It assesses the market based on its segments like device types, end users, distribution channels, and major regions.

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Contraceptive Devices Market, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview 2018-2032

• Historical Market Size (2023): USD 10.86 billion
• Forecast CAGR (2024-2032): 6.55%
• Forecast Market Size (2032): USD 19.23 billion

The increasing awareness regarding the existing alternatives for unexpected pregnancy prevention is boosting the market growth of contraceptive devices. The market for contraceptive devices is also being driven by changing lifestyles, coupled with increasing healthcare expenditure, and rapid urbanisation.

Moreover, governments from various evolving and evolved countries are implementing plans/campaigns/policies to encourage people to use contraceptive devices in both rural and urban areas for population control. These initiatives are further supporting the contraceptive devices market growth.

Contraceptive Devices Market Segmentation

Contraceptive devices refer to devices that prevent insemination by acting as physical walls to obstruct the encounter between sperm and ova, thereby helping prevent unplanned pregnancies. They are available for one-time use only, reusable, or long-term use. Although not all types of contraceptive devices are effective against sexually transmitted diseases, some may offer protection.

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The major device types in the market are:

• Vaginal Rings
• Diaphragms
• Condoms
• Cervical Caps
• Sponges
• Intra Uterine Device (IUDs)
• Others

The market can be broadly categorised, on the basis of end users, into:

• Male
• Female

Based on distribution channel, the contraceptive devices market is categorised into:

• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy
• Public Channel and NGO
• Clinics
• Others

Based on region, the market is segmented into:

• North America
• Asia Pacific
• Latin America
• Middle East and Africa
• Europe

Contraceptive Devices Market Trends

The global contraceptive devices market is expected to be propelled on account of the increasing adoption of contraceptive devices as they are easy-to-use, cost-effective, and removable. The growing technological advancements and various product innovations like vaginal rings and non-hormonal diaphragms are anticipated to propel the market growth of contraceptive devices in upcoming years.

The increasing literacy rates among women, along with growing research and development activities by the government and various companies, are likely to boost the market growth of contraceptive devices. Geographically, North America is projected to register growth in the span of the forecast period on account of the rising adoption of contraceptive devices in the region.

Key Market Players

The major players in the contraceptive devices market

• Janssen Pharmaceutical Company
• Pfizer Inc.
• Teva Pharmaceutical Industries Ltd.
• Merck & Co. Inc.
• Reckitt Benckiser Group PLC
• other

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