Category Archives: Healthcare Market

Global Liver Function Tests (LFT) Market Share by Industry Research 2015 – 2023

Liver function tests (LFT) are blood tests that are used to assess the state of liver and biliary system. The liver processes and filters the blood as it circulates through the body. It performs many vital functions that include preparing blood clotting proteins, metabolization of nutrients, and detoxification of harmful substances. The cells in the liver contain enzymes that are responsible for carrying out the chemical reactions. When liver cells are damaged or get destroyed the enzymes in the cells leak out into the blood, where they can be analyzed by performing liver function tests. Liver function tests evaluate two main liver enzymes in the blood namely; Aspartate aminotransferase (AST) and Alanine aminotransferase (ALT).

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Liver function tests are one of the most commonly demanded screening blood tests. Whether for monitoring of disease activity, investigation of suspected liver disease, or simple blood routine analysis, these tests offer a host of information on variety of disease processes.Liver function tests also help healthcare professionals to distinguish different types of liver disorders, detect the presence of liver disease, gauge the extent of known liver damage, and follow the response to treatment.

Liver diseases represent a huge problem for the health care professionals, the diagnostic methods in hepatology are an important field for research and the development. Major challenge associated with chronic liver disease is the inability to detect the disease at early stage. Liver diseases affects huge number of individuals, according to the estimates of WHO, around 350 million people are chronically affected by hepatitis B. The rising incidence of hepatitis B and other liver diseases is expected to augment the market for liver function tests.

In terms of geography, the liver function tests market is segmented into six region; North America, Europe, Asia Pacific, Latin America and, Middle East and Africa. North America accounts for the largest market for liver function tests followed by Europe due to technological advancement in diagnostic devices, upcoming new technologies and high disposable income. However, other regions such as Middle East, Latin America and South East Asia are expected to be the prospective markets in the near future owing to the high incidence rate of acute and chronic liver diseases. Also, due to the high adoption rate of advance medical and therapeutic equipments and highly developing healthcare industry, these regions are anticipated to be the potential market in the near future. However, Asia Pacific market is also growing at a very positive rate due to the growing healthcare facilities, rising prevalence of chronic diseases, encouraging reimbursement schemes and high adoption rate of precise medical instruments. Moreover, according to WHO, the prevalence of hepatitis C is proportionately high in Asia Pacific that would further boost the market for liver function tests in this region.

The global liver function tests marketis witnessing an admirable growth due to increasing incidence of liver disease, increase in intake of alcohol,high number of research activities in this segment and high awareness among people about these tests. Some of the major players operating in liver function tests market are Alpha Laboratories, Biobase Group, ELITechGroup, Horiba Medical, Laboratory Corporation of America Holdings, Randox Laboratories Ltd and Thermo Fisher Scientific Inc.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Developing Nations Present Vast Untapped Growth Opportunities for Global E-prescribing Market

The global e-prescription market is expected to progress at a CAGR of 23.50% from 2013 to 2019. The market was valued at US$250.2 mn in 2013. It is expected to reach US$887.8 mn by the end of 2019, according to a research report released by Transparency Market Research, titled “E-Prescribing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.The global e-prescription market was previously recorded at a CAGR of 22.30% from 2009 to 2012. It was valued at US$111.2 mn in 2009.

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The primary factor facilitating the growth of the global e-prescription market is the set of government initiatives carried out in several countries, regarding the usage of prescription systems that are increasingly accurate. These include initiatives such as the National Council for Prescription Drugs Program and the Clinical Health Act in North America.

The global e-prescription market provides solutions that enhance the efficiency of medical practice. E-prescription systems improve not only the rate of delivering medical attention, but can also improve the overall quality of healthcare and help maintain accurate drug utilization systems.The global e-prescription market can also help with the co-pay data, displaying dispensers and other providers with data on total drug coverage, and formulary alternatives.

One of the major restraints on the global e-prescription market is the non-availability of integrated networks and connectivity. This proves to be a major hindrance to the global e-prescription market and prevents it from being successfully introduced in the related countries.Other restraints currently affecting the global e-prescription market are the high cost of operation, the absence of high-speed broadband services in developing nations, the absence of skilled labor for operating e-prescription systems, and the absence of laws and regulations that protect patient privacy.

From a regional perspective, the global e-prescription market has largely benefitted from the activities in Europe. This region held the largest share of the global e-prescription market for 2012. Large-scale implementation of e-prescription systems was possible in Europe through the efforts of eHealth projects, including European Patient Smart Open Services and Schleswig-Holstein Health Initiative. On the other hand, the fastest growth rate in the global e-prescription market is currently held by North America due to a rapidly developing regional healthcare infrastructure.

The report sheds light on the developments in the Asia Pacific e-prescription market, which is using these systems at an increasing rate, thanks to the rapid development of the healthcare infrastructure. There is a growing number of rural and urban clinics, primary healthcare services, and urban healthcare centers, aiding a faster rate of adoption of e-prescription solutions and other healthcare IT technologies.Key players in the global e-prescription market are eClinicalWorks, DrFirst, Practice Fusion, Inc., HealthFusion, Inc., Athenahealth, Inc., Henry Schein, Inc., and Cerner Corporation.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Lactic Acid and Poly Lactic Acid Market (2012 – 2018)

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Lactic Acid and Poly Lactic Acid (PLA) Market research report categorizes the global market for PLA and lactic acid on the basis of Global Industry Analysis, Size, Share, Growth, Trends and Forecast for the period 2012 – 2018.

Lactic acid is a chemical compound which is used in various biochemical processes, and is also known as milk acid. Polylactic acid, commonly referred to as PLA, is renewable thermoplastic polyester derived from corn starch, sugarcane, and tapioca roots in various parts of the world. Polylactic acid (PLA) represents the largest application segment for lactic acid. Traditionally, lactic acids were being used in the food and beverages industry, which accounted for the maximum lactic acid produced globally. But owing to a demand for sustainable plastic materials in order to reduce the impact on the environment, PLA has replaced food and beverages as the largest application of lactic acid.

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Some of the major factors that are driving the growth of the global market include the growing demand for biodegradable plastic materials. Gaining cost competitiveness against its synthetic counterparts remains a major challenge for the major players. North America is the leading market for lactic acid, which accounted for approximately 35% of the global market in 2011. North America is followed by Europe and Asia-Pacific with almost an equal market share for the same year. Packaging represents the largest application for PLA primarily from the food and beverages industry. Europe is the leading market for PLA owing to stringent regulations imposed on the use of synthetic plastic materials for packaging.

Some of the major players in the market include BASF, Galactic, Naturework LLC, Phusis, Purac, and Pyramid Bioplastics Guben, among others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report:

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  • It provides a technological growth map over time to understand the industry growth rate.
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
  • It helps in understanding the key product segments and their future.
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
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Automated External Defibrillator Market (2012-2018)

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Over the recent years, global automated external defibrillator market (AED) have witnessed double digit growth rate owing to the factors such as aging population and rising incidences of various cardiovascular diseases. Moreover, advancement in medical technology and widespread availability of   medical services for patients suffering from SCA are some of the major drivers for this market. A Cardiovascular disease such as sudden cardiac arrest (SCA) is one of the major disorders affecting the population worldwide. SCA is a condition in which the heart unexpectedly and suddenly stops functioning or beating which ultimately leads to the stoppage of blood supply to the brain and other vital organs.

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Many patients (about 95%) who suffer from SCA die within a minute. This arrest is due to a disturbed heat rhythm called ventricular fibrillation. To treat such diseases a portable electronic device named Automated External Defibrillator (AED) is used to check the heart rhythm or enable diagnosis of potential life threatening cardiac arrests of ventricular tachycardia and ventricular fibrillation in patients. It works on the principle of application of electrical therapy which stops the arrhythmia by re-establishing an effective rhythm.

By technology, the AED market is segmented into Semi-automated and automated external defibrillators.  The Implantable/Internal Cardiac Defibrillators segment is one of the largest segments whereas External Cardiac Defibrillators is one of the fastest growing segments.  The growth in   External Cardiac Defibrillators is due to increased awareness in the US healthcare system. The end-user market for AED consists of Pre-hospitals, Hospitals, Public access and other alternate care market. Among all geographical regions, North America accounts for a larger share of the Global AED market followed by Europe and China. Asia-Pacific region is also one of the fastest growing regions.

Some of the major players in this market include Boston Scientific Corporation, Defibtech LLC, Biotronik GmbH & Co. KG, Cardiac Science Corporation, Nihon Kohden Corporation, St. Jude Medical Inc., GE Healthcare Ltd., HeartSine Technologies Inc., Sorin SpA, Medtronic Inc., Welch Allyn and Philips Healthcare.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments