Wednesday, 28 July 2021

Healthcare payment integrity market Trends, Demand, Regional Forecast to 2027


Healthcare fraud detection market has been expanding due to the increasing incidence of healthcare fraud that has led to greater burdens for the healthcare industry as well as reimbursement infrastructure. The fraud essentially involves misrepresentation and intentional submission of false claims. For instance, a fraud physician, in alliance with a pharmacy can add more expensive medicines to a prescription without the knowledge of the patient. National Healthcare Anti-Fraud Association opines that most of such frauds are committed by a small number of healthcare providers and mostly by organized crime groups. Healthcare fraud detection market has found impetus in the fact that healthcare fraud results in higher costs for patients, reduces profit margins of payers, and causes havoc for taxpayer dollars that support public health insurance companies.

According to experts, though the size of the U.S. healthcare industry is nearly $2.7 trillion, much of the revenue is wasted through mismanagement and fraud. Some of the common fraudulent behaviors include illegal medical billing practices that falsify claims, claiming of multiple claims by different providers for the same patient, stealing of patient identities to gain reimbursement for medical services, patients and dishonest providers coming together to make false claims and sharing the monetary gains. Apparently, fraudulent billing leads to nearly 3%-10% of annual healthcare costs in the U.S. To restrain this increasing tendency for healthcare fraud, government as well as private agencies are resorting to solutions based on AI and predictive analysis that is expected to add impetus to healthcare fraud detection market. The global healthcare fraud detection market is expected to register a CAGR of 28.83% to reach USD 3,787.68 million by 2024.

Different segments of healthcare fraud detection market and growth implications:

The healthcare payment integrity market has been segmented into type, component, application, delivery model and end user.

Healthcare fraud detection market classification on the basis of descriptive analytics, prescriptive analytics and predictive analytics. These methods are used to mitigate various types of healthcare frauds. For instance, descriptive analytics analyzes historical data to scrutinize the changes. It reflects total revenue generated per patient, monthly sales growth and yearly pricing changes, thus precise maintenance of related records. Since the information can analyze the revenue cycle it is considered an efficient means of healthcare fraud.

Predictive analytics is yet another type of fraud detection technique that is built upon past data which includes fraud or non-fraud indicators as well as different elements such as bill amount, number of patients, treatment characteristics, years of experience of the doctor, reporting lags and the number of patient visits.

On the basis of component, the market has been bifurcated into services and software. By application healthcare fraud detection market is classified as payment integrity and insurance claims review. End-user classification of healthcare fraud detection market comprises public or government agencies, private insurance payers and third party service providers.

North America to hold a significant share in healthcare fraud detection market

Healthcare fraud detection market has been classified geographically as the Americas, Europe, Asia Pacific and the Middle East & Africa.

The Americas accounted for a market share of 49.97% in 2018. Healthcare fraud has been rampant in the U.S. and recently the nation’s federal authorities have reported on breaking up a $1.2 billion Medicare scam through which fraudsters were peddling orthodontic braces to senior patients irrespective of whether they needed it. Apparently the scam was spread over various continents. Officials had been able to crackdown on the ring of fraudsters with the use of techniques used by credit card companies. As a result, the healthcare fraud detection market in North America has been growing at a significant pace.

Competitive Landscape:

Some of the significant players in the healthcare fraud detection market include IBM, DXC Technology Company, FAIR ISAAC Corporation, UNITEDHEALTH group, WIPRO LIMITED, LEXISNEXIS, EXLSERVICE Holdings, McKesson Corporation, Inc., SAS Institute Inc., CGI INC. and COTIVITI INC.

Combating healthcare scams to receive increased priority among public and private organizations

Recently, Centers for Medicare and Medicaid Services or CMS has submitted a RFI (Request for Information) to analyze how AI can help in enhancement of services. CMS aims to identify and prevent fraud, waste, and abuse and hopes that AI as well as other technologies can be leveraged to that end. CMS wants to conduct program integrity activities, reduce provider burden and to ensure proper claims payment.

AI technology can be utilized to detect fraud much faster than other conventional methods. Studies indicate that nearly $20 to $ 30 billion can be saved by US health insurance companies by avoiding waste through fraud. CMS is endeavoring to stop fraud before payment is made rather than the traditional pay and chase method used by government bodies.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Trends on Veterinary Practice Management Software Market In Healthcare Industry

 Market Scenario

Market Research Future (MRFR) hypothesizes that the global veterinary software market is estimated to demonstrate 8.9 % CAGR during the forecast period (2018-2023) owing to the accelerating incidences of zoonotic diseases. The veterinary software market is referred to as a sector consisting of two sectors; imaging software and practice management. While the practice management software assists the veterinarians to organize and manage appointments, the imaging software helps to capture the images of domestic companions like cats, dogs, and other farm animals.

Market Potential and Pitfalls

The global veterinary software market is likely to expand at a rapid pace throughout the appraisal period due to the increasing prevalence of zoonotic diseases globally. The augmenting adoption of an integrated software system for diagnostics and treatment is predicted to propel the market growth. Factors such as mounting demand for pet insurance, augmenting companion animal ownership, rising animal health expenditure, and increasing product innovation are further gearing up the market growth. On a brighter note, the emergence of cloud-based practice management systems coupled with the adoption of cost-efficient software solutions has stimulated the market growth over the years. Additional factors promoting the market growth are the increasing digit of veterinary practitioners, the emergence of care centers, growing digit of pet owners, and the growing product advances and incorporation of add-on tools in order to improve practice results.

On the flip side, lack of awareness related to veterinary software coupled with the lack of government support in order to adopt latest technologies especially in the developing economies is considered some of the major concerns impeding the market growth throughout the appraisal period. Moreover, the reluctance to embrace cutting edge and new systems is likely to restrain the market growth.

Global Veterinary Software Market: Segmental Analysis

The global veterinary practice management software market has been segmented on the basis of product, type, practice type, delivery model, and end-user.

By mode of type, the global veterinary software market has been segmented into standalone software and integrated software.

By mode of product, the global veterinary software market has been segmented into veterinary imaging software, veterinary practice management software, and other software. Among these, the practice management software is likely to occupy the largest share as this software reduces the possibilities of error coupled with the overall cost of a veterinary healthcare facility.

By mode of delivery model, the global veterinary software market has been segmented into web-based/cloud-based model and on-premise model.

By mode of practice type, the global veterinary software market has been segmented into mixed animal practices, exclusive small animal practices, and exclusive large animal practices. Among these, the exclusive small animal practices segment is considered to dominate the market owing to the increasing annual spending on pet care in the developed economies coupled with the augmenting number of small pet owners.

By mode of end-users, the global veterinary software market has been segmented into clinics and ambulatory practices, veterinary hospitals and referral practices, and specialty and emergency hospitals. Among these, the veterinary hospitals and referral practices are presumed to register the highest CAGR owing to the extensive usage of veterinary software for the management, preparation, and analysis of patient databases.

Regional Insights

Geographically, the veterinary software market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the North American region is considered to occupy the largest market share in the global veterinary software market. The growth is credited to the augmenting investment from the government in the growing demand for quality. Factors such as increasing awareness regarding veterinary software coupled with the easy availability of software and services are promoting the market growth in this region.

The Asia Pacific region is anticipated to project the highest growth rate throughout the appraisal period. The growing prevalence of veterinary software, initiatives taken by the private organizations and the government in order to raise awareness associated with veterinary software, and undiagnosed pool in economies like India are highly contributing to the market growth in this region.

Europe is assessed to project the highest CAGR owing to the growing awareness of animal health worldwide. Meanwhile, the Middle East & Africa is predicted to occupy the least share in the global veterinary software market owing to the presence of strict government policies along with poor economies.

Industry Updates

January 18, 2019: A San Diego-based pet care communication company, PetDesk has recently announced that they have raised around $12 million from a Silicon Valley-based firm PeakSpan Capital. They have decided to use this Series B funding in order to expand from the veterinary industry into a pet grooming industry so that they can drive better health outcomes for companion animals in the North American region.

Competitive Dashboard

The prominent players operating the global veterinary software market are ClienTrax (US), Vetter Software (US), Finnish Net Solutions (Finland), Hippo Manager Software Inc. (US), Timeless Veterinary Systems (Canada), Carestream (Canada), Animal Intelligence Software (US), VETPORT (US), Britton's Wise Computers Inc (US), MedaNext (US), OR Technology (Oehm Und Rehbein GmbH) (Germany), VIA Information Systems (US), Henry Schein Inc (US), FirmCloud Corporation (US), ezyVet Limited (New Zealand), Provet Cloud-Finnish Net Solutions Ltd (US), VetBlue (US), Onward Systems Inc (US), Patterson Veterinary Supply Inc (US), IDEXX Laboratories (US), and others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Rising Dental Diseases Is One Of The Major Factors Contributing To The Growth Of The Dental Industry



Market Overview

The global dental industry market is slated to grow steadily at a healthy CAGR of 7.6% over the forecast period and acquire a substantial market value.

Market Dynamics

The dental industry is one of the healthcare industry's most significant and glamorous industries. The main drivers that drive the dental industry include increasing population, elderly populations, increased demand for tooth whitening, and increased demand for root canal procedures. The intake of nicotine, alcohol, and an unhealthy diet are major factors contributing to tooth decay, which is the most prevalent form of chronic disease worldwide. As a result, the prevalence of oral cancer and gum diseases is expected to rise in the population. With the advent of innovative technologies, emerging medical tourism relating to dental treatment, and the launch of several government programs for public oral health services, the industry is being further matured. Dental tourism has risen in developing countries due to the high rates of healthcare in advanced nations as dental services have become a luxury in developed nations. Various government interventions in various countries are proving to be advantageous to enhancing the affordability and access to oral health care services; this is expected to accelerate the development of the sector.

However, considerations such as poor dental care coverage relative to general health often hinders the growth of the market. The openness to technical innovation and increasing public knowledge of oral health could stimulate the market. In addition, the introduction of the COVID-19 pandemic has significantly impacted the dental equipment market. Despite being a normal operation, dental treatment was not widely available during the pandemic, when many clinics were forced to close due to being considered unneeded. Although several practices and clinics worldwide are re-opening, the challenge of not only reopening but also of ensuring the welfare of dentists is daunting. Nevertheless, the leading force of the dental care sector would be the steady rise in the cost of care given.

Segmental Analysis

The global dental services industry market is segmented on the basis of consumables, discipline,  and end users.

On the basis of the discipline, the market is categorized into endodontics, restorative dentistry, prosthodontics, periodontics, orthodontics, and oral surgery.

On the basis of consumables, the global dental industry market is segmented into whitening material, dental anesthetic, dental biomaterial, gingival retraction material, dental burs, dental syringe, and endodontic supplies. 

On the basis of the end-user, the market is segmented into dental institutes, dental hospitals & clinics, and dental academic and research institutes.

Regional Analysis

The Americas are the leading market due to a vast population suffering from oral disease, increased need for cosmetic dentistry, and the presence of medical technology firms that sell dental products. Due to the existence of a well-established healthcare system, the rising prevalence of dental disorders, and also high disposable income, the North American region is expected to hold a large share in the global dental industry market.

The dental industry in Europe is the second biggest in the entire world. Europe is second in the global dental business sector because a lot of children have oral health disorders and are in need of regular dental treatment. Other factors such as the elderly population and the growing number of people who smoke cigarettes contribute to the growth of the demand in this area.

Owing to the involvement of emerging economies such as India, China, and Australia, a developing healthcare sector and the rising vulnerable geriatric population, the Asia-Pacific region is the fastest growing segment. The Asia-Pacific area is projected to be a significant market for the organization due to growing awareness about the services and increasing healthcare facilities it offers.

Middle Eastern and African countries are likely to witness gradual growth in the global dental industry market. This is due to the weak markets and excessively rigid government policies that are widespread in Africa. It is estimated that a majority of the demand in the Middle East & Africa region is owned by the Middle East due to the presence of a well-developed healthcare system and massive healthcare spending the economies like Saudi Arabia, Kuwait, and Qatar within the region.

Competitive Landscape

Ivoclar Vivadent AG, Hu-Friedy Mfg Co., Nakanishi Inc., Henry Schein Inc., Ultradent Products Inc., Patterson Companies Inc., Dentsply Sirona, Young Innovations Inc., and 3M Company, Zimmer Biomet, Kangda Medical are some of the eminent players for global dental industry market.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Wednesday, 14 July 2021

Top Companies Demand on eClinical Solutions Market Size to Forecast by 2027

 eClinical Solutions Market Overview

The eClinical solutions market is projected to grow at a CAGR of 11.1% during the forecast period. As per the eClinical solutions market research report, the global market for eClinical solutions is projected to grow swiftly by US$14550 million by 2027.

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According to analysts, growing R&D by biopharmaceutical & pharmaceutical companies as well as growing expenditure in the development of clinical trials will drive the market growth during the forecast period. The eClinical solutions market research report offers a comprehensive analysis of the global eClinical solutions market and its delivery mode, type, clinical trial phase, and end-users segments. The shortage of healthcare professionals and patients for clinical trials along with security and confidentiality of data are the elements that could influence the eClinical solutions market advancement throughout the forecast period. The eClinical solutions market research report by expert analysts is developed to assist organizations in the eClinical solutions market.

eClinical Solutions Market Segmentation

The global eClinical solutions market has been segmented based on delivery mode, type, clinical trial phase, and end-users. On the basis of delivery mode, the market for eClinical solutions is segmented based on web-based and cloud-based, enterprise-based. Additionally, the market on the basis of type, is segmented into clinical trial management system (CTMS), electronic clinical outcome assessment (eCOA), electronic trial master files (eTMF), randomization and trial supply management (RTSM), trial safety & regulatory, clinical data management system (CDMS). The global market for eClinical solutions is also covered based on the clinical trial phase segment which is further split into phase I, phase II, and others. On the basis of end-users, the market for eClinical solutions is segmented based on end-user contract research organizations (CROs), pharma/biotech companies.

Major elements such as the threat of security hacks could obstruct the eClinical solutions market growth. However, according to the eClinical solutions market research report, the rising burden of chronic diseases along with increased use of smart devices for healthcare management will propel growth throughout the forecast period. The eClinical solutions market is set to register growth at a high CAGR owing to these key factors. The exploration of delivery mode, type, clinical trial phase, and end-users segments along with regional markets has been given in the global eClinical solutions market research report. The research analysts studying the eClinical solutions market have put out market forecasts in the eClinical solutions market research report in order to support eClinical solutions market-based companies. The eClinical solutions market research report provides an extensive understanding of the eClinical solutions market based on the information and forecasts till 2023.

The Global eClinical Solutions market segments

The global eClinical Solutions market is segmented into three parts mentioned below:

Products types: safety solutions, clinical trial management systems (CTMS), electronic data capture (EDC), clinical data management systems (CDMS), and other products are available.

Delivery modes: Web-based, cloud-based, and on-premise delivery modes are there.

End-Users: Medical device manufacturing, hospitals, research institutes, contract research organizations (CROs), and others are the major end-users.

Regional Market Summary

America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global eClinical Solutions market.

The American region is the current market leader and is expected to stay at the top. The North American region will be the major shareholder and will show the highest growth rates during this period. Factors like increasing research & development programs, presence of CROs, demand for efficient solutions, and others are driving this market.

The European region is the next biggest market due to the rising prevalence of outsourcing the research & development programs, increasing awareness, and other factors.

The Asia Pacific region is the next biggest market and will show substantial growth rates due to the rise in the old age group, demands for better healthcare solutions, and other factors.

The rest of the regions are also showing impressive growth rates due to growing healthcare structures and increasing awareness.

Recent Industry News

The global eClinical solutions market is gaining pace with time but is facing friction from factors like lack of trained professionals and high overall costs. The American region, with North America as the major shareholder, is the market leader and will show the highest growth rates during the survey period.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
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Magarpatta Road, Hadapsar,
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Maharashtra, India
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Breast Imaging Market Overview, Trends, Global Demand By 2027

 Market Overview

Global Breast Imaging Market is slated to register 7.5% CAGR during the review period, 2019 to 2025, and is projected to reach USD 4.9 billion in 2025.

Market Dynamics

Breast cancer's high prevalence rates around the world are major drivers of the global breast imaging technologies market. Furthermore, with rapid population growth and technological advancements in breast imaging technologies, early detection of breast cancer in developing countries, increased public investment, and fundraising for breast cancer treatment have led to the development of global breast imaging. The market's growth has been aided by rising healthcare expenditures in developed countries, as well as technological advancements in the field of oncology around the world. Furthermore, the introduction of new imaging technologies for the screening and diagnosis of a variety of chronic diseases has had a significant impact on market growth. Several companies engage in corporate social responsibility activities to educate women about breast health and prevention. Companies such as GE Healthcare, for example, have recently released a commercial raising awareness of breast density and its impact on screening techniques. During the appraisal period, demand for breast imaging is expected to rise due to increased awareness. Several major manufacturers are working on the development of innovative breast imaging equipment, which is expected to drive the global market over the forecast period.

Factors such as strict regulatory policies, product recalls, and others, on the other hand, are impeding the global market's growth. Furthermore, most women are apprehensive about having their breasts imaged due to a variety of misconceptions about the disease. This is thought to limit market growth in the coming years.

Segmental Analysis

The global breast imaging market is segmented based on technology, end users, and region.

The global market for breast imaging, by technology, is segmented into ionizing, non-ionizing, and others. The ionizing segment accounted for the largest segment of the market due to a high number of individuals opting for mammography. 

Based on end user, the global market is segmented into hospitals and clinics, specialty centers, and others. The hospitals and clinics segment is expected to hold the largest market share.

Regional Analysis

The breast imaging market is divided into four regions: America, Asia Pacific, Europe, and the Middle East and Africa.

The United States is the largest market for breast imaging among all regions. The rising prevalence of breast cancer, innovative imaging solutions for breast imaging, and the development of new imaging devices by major market players are all contributing to the growth. Because of the high level of awareness of breast issues and the availability of appropriate health care facilities in the region, North America dominates the breast imaging market in terms of revenue. The widespread use of imaging modalities such as CT, mammography, and MRI for breast cancer screening is driving the market in North America. Because of the presence of major players and a focus on women's healthcare, the United States is thought to have the largest market share.

The European market is expected to grow significantly as a result of increased spending on research and development by major countries such as the United Kingdom. Europe, which has the second-highest revenue share in the global breast imaging technologies market, is experiencing rapid growth due to high health-care costs and high government disposable income. Due to widespread use of available imaging technologies for breast imaging, as well as the exponential growth of the medical device industry, the market in Germany is growing at a rapid pace. In addition, the desire to develop new imaging devices for early cancer screening is expected to drive market growth in this region.

Due to the presence of some of the largest contributors, such as China, Japan, and India, the Asia Pacific region offers numerous growth opportunities. The breast imaging market is expected to grow in this region as awareness of breast cancer grows, as does the use of medical devices for cancer screening. Furthermore, the rapid growth of the healthcare imaging industry in China and India, as well as rising government support for diagnostic services and healthcare infrastructure improvements, all contribute to market growth.

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Competitive Analysis

Some of the key players operating in the global breast imaging market are Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRIC COMPANY (US), Siemens Healthcare Private Limited (Germany), FUJIFILM Corporation (Japan), Hologic, Inc. (US), Dilon Technologies, Inc. (US), SonoCiné (US), CMR Naviscan (US), Supersonic Imagine (France), PLANMED OY (Finland), and KUB Technologies (US).

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Thursday, 8 July 2021

Dental Industry Market Demand to Forecast till 2027

 Dental Industry Market Analysis 

The global dental market is likely to grow at a 7.6% CAGR between 2018- 2023, as per the new report by Market Research Future (MRFR). The dental market comprises instruments, devices, treatment, and diagnosis associated with oral health. There are numerous problems related to oral health like discoloration or brown color in teeth, teeth cavity, pigmentation in gums, and others that are treated under the dental market. 

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Various factors are adding to the global dental market growth. Such factors, according to the new MRFR report, include rising geriatric population, the inclusion of 3D technology, increasing per capita income, better technological support, and rising cases of oral disease. Besides, demand for various dental procedures, rising prevalence of gum disease and oral cavity cancer & gum diseases, rise in technology, increasing awareness about oral health, consumers rising disposable income, changing lifestyles, and participation of health insurer reimbursements are also adding market growth. 

On the contrary, low dental insurance coverage may limit the dental market growth over the forecast period. 

Dental Industry Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global dental market report based on end users, discipline, and consumables.

By discipline, the global dental market is segmented into oral surgery, prosthodontics, orthodontics, restorative dentistry, endodontics, and periodontics. 

By consumables, the dental market is segmented into endodontic supplies, dental anesthetic, dental syringe, dental biomaterial, gingival retraction material, dental burs, and whitening material. Dental biomaterial is again segmented into regenerative tissue material, dental cement, and dental bone graft. Gingival retraction material is again segmented into gingival retraction cap/gels/paste, gingival hemostatic agents, and gingival retraction cord. Dental anesthetic is again segmented into non-injectable anesthetic, topical anesthetics, and injectable anesthetic. Dental syringe is again segmented into non-disposable syringes and safety syringes/disposable syringes. Endodontic supplies are again segmented into cement and files. 

By end user, the dental market is segmented into research institutes, dental hospitals and clinics, and dental institutes and dental academics. 

Dental Industry Market Regional Analysis

Based on the region, the dental products market size report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period for a huge patient pool having different oral issues, presence of several market players, and demand for cosmetic surgery. Additional factors adding market growth include easy inclusion of technologies, infrastructural backing, and better scope for investment. Canada & the US are the chief contributors in the region for the rising number of patients needing help from dentists. 

The dental market in Europe is predicted to hold the second-largest share over the forecast period. Factors adding to the dental market growth in the region include gum problems, increasing tobacco consumption, and rising geriatric population. Besides, technological inclusion, better investment capacity, and Hungary being the dental tourism hub are also adding market growth. 

The dental market in the APAC region is predicted to grow at the fastest pace over the forecast period for the changes in infrastructure and rising investments in the healthcare sector. Australia, Japan, India, and China are the chief contributors in the region. 

The dental market in the MEA is predicted to have slow growth over the forecast period for the presence of countries that are economically poor. 

Dental Industry Competitive Landscape

Leading players profiled in the global dental market report include Biomet, Zimmer Kangda Medical, 3M Company, Ultradent Products Inc., Young Innovations Inc., Patterson Companies Inc., Dentsply Sirona, Ivoclar Vivadent AG, Nakanishi Inc., Henry Schein Inc., and Hu-Friedy Mfg Co. Industry players have incorporated several strategies to stay ahead in the competition, such as geographic locations, mergers and acquisitions, expansions, joint ventures and collaborations, new product launch and development, contracts, and extensive R&D. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

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Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

 


Morphine (oral route) market size by top companies, demand and forecast

 Medical Morphine Market synopsis:

Morphine is a pain medication which directly acts on the central nervous system to decrease acute and chronic pain. As per the report published by Market Research Future (MRFR), the global medical morphine market is anticipated to expand at a noteworthy CAGR of 7.5% during the forecast period of 2018-2023.

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Medical Morphine Market Drivers:

Morphine is a quintessential pain medication which is prescribed by licensed medical practitioners to the patients with acute or chronic pain. The increased use of morphine by the patients suffering from cancer, arthritis, myocardial infarction and other diseases is driving the expansion of the global medical morphine market. Increasing geriatric population and prevalence of diseases like arthritis, cancer and others are inducing demand for morphine in the market, leading to the growth of the global medical morphine market.

The application of medical morphine as a slow-release formulation for opiate substitution therapy (OST) in various countries such as Austria, Slovenia and others is fueling the growth of the global medical morphine market. The benefits of morphine in reducing the shortness of breath due to cancerous and non-cancerous causes is also impacting positively on the expansion of the global medical morphine market.

Market Restraints:

However, the increased awareness regarding the adverse effects of morphine on the human body such as constipation, hormonal imbalance, drowsiness, functional impairment and others are negatively impacting the growth of the global medical morphine market. The stringent regulatory framework imposed by the government to limit the amount of morphine to be prescribed owing to the high abuse rate of morphine is acting as a restraint on the expansion of the global medical morphine market. 

Market Segmentation:

The global morphine (oral Route) market has been segmented on the basis of route of administration, application, distribution channel and end-users. Based on route of administration, the medical morphine market is segmented into oral and injectable. Based on application, the medical morphine Market is segmented into arthritis, cancer, kidney stone, myocardial infarction, diarrhea and others. Based on distribution channel, the medical morphine market is segmented into hospital pharmacy, retail pharmacy, online pharmacy and others. Based on end-users, the medical morphine market is segmented into hospitals and clinics, ambulatory surgical centers, homecare, and others.

Regional Analysis:

The global medical morphine market is geographically segmented into four major regions such as Americas, Asia Pacific, Europe, and the Middle East and Africa. The Americas account for the largest market share in the global medical morphine market owing to the increasing demand for opioid drugs as pain relievers.  

The Europe region accounts for the second largest market share in the global medical morphine market owing to the increasing prevalence of diseases like cancer, myocardial infarction and others. The medical morphine market in the Asia Pacific region is projecting noteworthy growth due to the increasing geriatric population and rise in use of medical morphine as pain medication in this region.

The Middle East and Africa region is anticipated to project steady growth in the global medical morphine market due to the limited availability of medical facilities, poor healthcare infrastructure, and lack of awareness among the population in underdeveloped areas of this region.

Competitive Analysis:

The increasing number of investors in the global medical morphine market is strengthening the competition among the players of the global medical morphine market. The high research and development expenditure by the pharmaceutical industries in order to launch new products in the global market and strategic mergers and acquisition by the players in the market is leading to the expansion of their businesses in the global medical morphine market.

In July 2018, Aurobindo Pharma, an Indian pharmaceutical company has announced that it is in its final stage of negotiation to acquire Mallinckrodt’s specialty generics business in the US including its portfolio of opioid-based painkillers such as morphine. This is considered to be the largest cross-border acquisition by an Indian pharmaceutical company in the recent times.

The key players of the global medical morphine market that are highlighted in the report published by MRFR are Mallinckrodt Pharmaceuticals, Alcaliber S.A, Purdue Pharma L.P., Pfizer Inc., Johnson Matthey Fine Chemicals, Sun Pharmaceutical Industries Ltd., Verve Health Care Ltd., Taj Pharmaceuticals Limited, NORTHEAST PHARM, and MANUS AKTTEVA BIOPHARMA LLP.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/medical-morphine-market-6084 

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