Healthcare IoT Security Market Size, Share, Demand, Financial Overview, Key Developments, Swot Analysis and Forecast to 2027

 The Global Healthcare IoT Security Market is expected to register 39.44% CAGR and is anticipated to reach USD 130,629.55 Million by 2025. Individuals today are using various kinds of networked devices to learn more about their health and daily regime. Home monitoring of aging population related to medical emergencies and medical adherence has become possible due to the increasing use of mHealth applications and smart pills.

However, the rewards of IoT also comes with the aspect of concern regarding the security and the privacy of the patient healthcare data. Mobile and wearable devices, pacemakers, insulin pumps, and other medical systems in the IoT create more access points prone to hackers. The security solutions and services play a critical role for the healthcare organizations to perform vulnerability management and secure the protected health information passing from IoT devices to the healthcare organizations.

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Market Dynamics

The market for healthcare IoT security is expected to register double-digit growth during the forecast period. The major factors influencing the growth of the market include increased data privacy concerns among consumers, increased government concerns over healthcare IoT security, increased usage of smart devices for health management and increased proliferation of cybercrimes in healthcare.

With the emergence of IoT in healthcare, consumers can now track their health in real time and simultaneously share healthcare information with their caregivers and healthcare organizations. However, the ease and usage of these devices are also raising security concerns among consumers. As the use of IoT increases, data privacy concerns are bound to increase and hence, will act as a key driver for the healthcare IoT security market, globally.

Segmentation

The global healthcare IoT security market has been segmented into components, security type, application. 

Based on component, the global market is divided into solution and service.

Based on solution type, the global market has been segmented into analytics, encryption, data loss protection, identity and access management, unified threat management, and others.

Based on service type, the global market has been segmented into consulting services, risk assessment services, design & integration services, managed security services, and others.

Based on security type, the global market is segmented into application security, cloud security, endpoint security, network security, others security.

Based on application, the global market is segmented into pharmaceutical, medical devices, and biotechnology.

Key Players

The prominent players in the global healthcare IoT security market are Inside Secure SA, IBM Corporation, Cisco Systems Inc., Intel Corporation, Oracle Corporation, Sophos Group plc, Symantec Corporation, Trend Micro Inc, Checkpoint Software Technology, Kaspersky Labs, Fortinet Inc, Intelen Inc, Eurotech SpA, Deutsche telekom AG, SecureFLO LLC, Dell Corporation, Atmel Corporation, Security Mentor, Klynveld Peat Marwick Goerdeler, Agile Cyber Security Solutions, LLC.

Some of the key strategies followed by the players operating in the global healthcare IoT security market are innovation, product development, acquisition, and expansion.

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Intracranial Pressure (ICP) Monitoring Market Dynamics, Segments and Supply Demand 2020-2027

 Intracranial pressure (ICP) monitoring is used in treating patients suffering from severe brain injury. In this process a sensor device is been used and placed inside the head to measure the pressure inside the skull and send it to a recording device

Intracranial pressure monitoring can be performed in following three ways:

Intraventricular Catheter: is the most accurate method. In this method Intraventricular Catheter is inserted through a hole in the skull and place in the lateral ventricle.

Subdural Screw: In this method hollow screw is placed in the skull. It is placed between a membrane that protects the spinal cord and the brain.

Epidural Sensor: The Epidural Sensor is placed between the skull and dural tissue by drilling a hole in the skull

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Intracranial pressure monitoring (ICP) market Application:

Intracranial pressure (ICP) monitoring is mainly used in hospitals for patients suffering from brain injury, meningitis and intracerebral hemorrhage. There are multiple ICP products that have been used in hospitals such as Surgical Instruments, IAP-Monitoring, Hydrocephalus, CSF drainage and many more.

The microtransducers and ventriculostomy is included invasive method whereas tympanic membrane displacement, transcranial Doppler, CT scan/ MRI, optic nerve sheath diameter, and fundoscopy is included in noninvasive methods

Intracranial pressure (ICP) monitoring market growth influencer:

The major growth drivers of Intracranial pressure monitoring market is increasing global incidence and prevalence of neurological disorders, rising awareness about neurodegenerative diseases, technological advancements in brain monitoring devices and growing incidence of traumatic brain injuries.

The shortage of trained professionals, high cost of complex brain monitoring devices, unfavorable reimbursement policies and concerns regarding the accuracy of diagnostic devices are the major restraints of ICP market.

Intracranial pressure (ICP) monitoring market segmentation:

ICP monitoring market segmentation can be done by method, market, Instrument, applications and End-users.

ICP monitoring market by Method: Invasive and Non- invasive

ICP monitoring market by Market: external ventricular drain, fiber optic monitor, strain gauge transducer and air-pouch device market.

ICP monitoring market by Instrument: Devices and accessories

ICP monitoring market by Applications: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, and Subarachnoid Hemorrhage

ICP monitoring market by End-users: Trauma centers, hospitals, clinics and diagnostic laboratories.

Intracranial pressure (ICP) monitoring market major players:

Natus Medical Inc. (U.S.), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE Healthcare (U.K.), Siemens Healthcare (Germany), Compumedics Ltd. (Australia), Electrical Geodesics Incorporated (U.S.), Medtronic Inc. (Ireland), CAS Medical Systems, Inc. (U.S.) and Advanced Brain Monitoring (U.S.)

The reports also covers brief analysis of Geographical Region includes:

Americas: North America: US, Canada; Europe: Western Europe: Germany, France, Italy, Spain, U.K, Rest of Western Europe; Eastern Europe: Poland, Russia; Asia– Pacific: Asia: China, India, Japan, Rest of Asia; Pacific Countries: Australia, New Zealand; The Middle East& Africa.

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Global Clinical Laboratory Test Market Show Steady Growth: Study 2027

 Scenario of Clinical Laboratory Test Market:

Clinical laboratory tests represent a case of high volume steady growth market. The global clinical laboratory test market is anticipated to develop to USD 324.5 billion by 2022 from USD 206.7 billion in 2016. The market is expected to generate a CAGR growth of 6.5% during the forecasted period of 2016 to 2022.

Market Dynamics of Clinical Laboratory test Market:

Drivers

The increasing prevalence of diseases and the growing population of the world is the critical driver of the market. The market is getting a boost from the growing screening programs initiated by the major governments. The inclusion of mandatory screening in the affordable healthcare act for newborns is expected to lead to a fast growth. Increasing awareness and growing bias towards evidence based medicines coupled with the growing volume of in-vitro diagnostic tests will also press the market growth.

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The advent of biotech based tests such as DNA based tests are a large market opportunity as they result in greater selectivity and sensitivity. Growing trends towards self-diagnostic tests is expected to make a positive contribution to the markets. Panel based tests are the latest market trend due to their ease of use and single use systems. Automation is another trend driving the market as newer instruments have the capacity and capability to be linked and synced with another instruments. One such glaring example, is that of high pressure liquid chromatography and mass spectroscopy systems which save time and efforts.

Restraints

Stringent government rules and regulations and the high costs of the tests are the critical constraints on the market. The presence of spurious low cost products is hampering the market due to customer’s loss of faith. False results are other restraints as many older tests have low selectivity and detection limits to their targets.

Segments of Clinical Laboratory test Market:

Laboratory type - hospital based laboratories, central/independent laboratories, physician office laboratory (pol) and others. The market segmented by laboratory type is dominated by the hospital based laboratories.

Laboratory tests - Complete Blood Count (CBC) and other routine blood tests, anatomic pathology, molecular tests, immunology tests, drug testing and others. On the basis of laboratory tests, CBC and other routine blood tests are expected to hold the largest market share.

Regional Analysis of Clinical Laboratory test Market:

North America is the largest market share holder accounting for 44.6% of global clinical laboratory test market and is expected to generate a CAGR growth of 6.2%. U.S. is expected to be the prime market share holder of North America clinical laboratory testing market generating an anticipated CAGR  growth of 5.8%. Large number of laboratories and growing volume of clinical testing procedures are the prime reasons for the dominance of the U.S. Canada, is expected to be the fastest market in the North American region with an expected CAGR growth of 6.3%.

Europe is expected to be the second largest market for clinical laboratory test and is expected to generate a CAGR growth of 6.6%. Europe region is expected to be dominated by Germany owing to its highly developed medical device companies. Germany is expected to be followed by France and the U.K.

Asia-pacific region is expected to be the fastest growing market, with a growth rate of 6.5% to 7%  on account of growing awareness, strengthening government support and growing healthcare infrastructure.

Key Players for Clinical Laboratory test Market:                                        

Laboratory Corporation of America, LifeLabs Medical Laboratories, Sonic Healthcare, Aurora Diagnostics, Quest Diagnostics, and others.

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Substance Abuse Treatment Market 2020 Global Trend, Segmentation And Opportunities - Forecast To 2027

 Global substance abuse treatment market is expected to grow significantly over the forecast period. It is projected to grow at a CAGR of 11.6% over the forecast period. 

Substance abuse refers to the harmful use of psychoactive substances, including alcohol and illicit drugs.

Increasing trends of cigarette smoking in teenagers is one of the prominent factors driving the Substance Abuse Treatment market. According to the 2015 study published in the Clinical and Translational Investigation journal, More than 60% of individuals start smoking at the age of 13 and more than 90% individuals start smoking before reaching 20 years. It is also reported that 5.8% of the Mexican population comprises adolescents between 13 and 15 years. Of them, 42.8% tried a cigarette at some point in their life.

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Various other factors such as increasing incidence of drug addiction, technological advancement in the diagnostics industry, rising patient awareness about substance abuse treatment and improvement in treatment rates and healthcare infrastructure are also expected to propel the growth of the market.

However, poor treatment compliance in some countries and reluctance of individuals for accessing treatment can hamper the market growth over the forecast period.

Segmentation

The global substance abuse treatment market is segmented based on abuse type, treatment type, end user, and region.

The global market for substance abuse treatment, by abuse type is segmented into alcohol dependence, tobacco/nicotine addiction, and drug abuse. The drug abuse segment is anticipated to hold the largest market share owing to the increasing addiction of opioid.

The market, by treatment type, is segmented into alcohol addiction treatment, tobacco/nicotine addiction treatment, and drug abuse treatment. The alcohol addiction treatment segment is further classified as disulfiram, acamprosate, and naltrexone. The tobacco/nicotine addiction treatment segment is further classified as nicotine replacement treatment, and non-nicotine medication. The nicotine replacement treatment segment includes nicotine patch, nicotine gum, nicotine lozenge, nicotine spray, and nicotine inhaler. The non-nicotine medication segment includes bupropion, and varenicline. The drug abuse treatment segment is further classified as methadone, buprenorphine, and naltrexone.

Based on end user, the market is segmented into outpatient treatment centres, residential treatment centres, and inpatient treatment centres.

In the current scope of the study, the above-mentioned segments are covered into the four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African region.

The substance abuse treatment market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European substance abuse treatment market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The substance abuse treatment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The substance abuse treatment market in the Middle East & Africa has been segmented into the Middle East and Africa.

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Medication Management Market 2020 Global Trend, Segmentation And Opportunities - Forecast To 2027

 The Global medication management market is expected to register a CAGR of 13.4% during the forecast period of 2018 to 2023.

Medication management is a strategy which ensures that the patient understands the purpose of the medications and takes it in the correct manner at the correct time. It also focuses on improving the use of medications for the patient’s condition. Interventions may include medication reconciliation, medication therapy management, patient/family education on medications and medication set-up simulations for the patient.

Rising geriatric population is one of the key factors driving the medication management market.  Older adults tend to have significant comorbidities which in result increase the medication use and escalate the risk of poor outcomes. According to a 2018 study published in the Clinical Epidemiology, in high income countries, polypharmacy affects between 40% and 50% of older adults. Polypharmacy increases the risk of adverse drug-related events in older adults because a higher number of drugs are associated with a higher risk of harmful drug–drug interactions.

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Various other factors such as rising healthcare IT funds, and need for reducing healthcare costs.

However, high software implementation and service maintenance costs can hamper the market growth over the forecast period.

Segmentation

The Global medication management market is segmented based on systems, services, mode of delivery, end user and region.

The global market for medication management, by systems is segmented into computerized physician order entry systems, clinical decision support systems, administration software, inventory management systems, automated dispensing systems and assurance systems. The administration software is further classified as electronic medication administration records (eMAR) software and bar code medication administration (BCMA) software. The automated dispensing systems segment is further classified as centralized automated dispensing systems and decentralized automated dispensing systems (ADS). The centralized automated dispensing system includes robots/robotic automated dispensing systems and carousels. The decentralized automated dispensing system (ADS) includes pharmacy-based decentralized automated dispensing systems, ward-based decentralized automated dispensing systems and automated unit-dose decentralized automated dispensing systems.

The market by services segment is divided into point-of-care verification services and adverse drug effects (ADE) surveillance services.

The market by mode of delivery segment is divided into web-based solutions, on-premise solutions and cloud-based solutions.

Based on end user, the market is segmented into hospitals, pharmacies and others

In the current scope of the study, the above-mentioned segments are covered into the four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African region.

The Medication management Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European Medication management Market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The Medication management Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Medication management Market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

The Americas dominated the global market for medication management owing to increasing polypharmacy, presence of major market players and developed economies like US and Canada within the region. In 2017, BD launched its latest advancement in comprehensive medication management, BD HealthSight platform for enterprise medication management. The BD HealthSight platform connects systems and processes to help hospitals to drive a safer, more efficient medication management process.

In 2017, it was estimated that Europe stood second in the global Medication Management market. This can be attributed to the presence of developed economies like UK, Germany, France, and others within the region boost the market growth.

Asia Pacific was projected to be the fastest growing region in 2017. Factors such as growing healthcare sector, increasing penetration of the market players within the region, and increasing government’s support for foreign investments drives the regional markets of the Asia Pacific region. According to a report published by the Indian Brand Equity Foundation in 2017, the Indian healthcare sector was estimated to grow at a CAGR of 22.87% and reach USD 280 billion by 2020.

On the other hand, the Middle East and Africa held least share in the global medication management market due to the presence of poor economies and low per capita income, especially within the African region.

Key players

Some of the key players in the global medication management market are Allscripts Healthcare 0Electric Company, Mckesson Corporation, Medical Information Technology, Inc., Omnicell, Inc., Optum Inc., QuadraMed Affinity Corporation, Siemens Ltd and others.

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Global Clinical Laboratory Services Market 2020: Key Companies Profile, Their Market Share And Growth Insights To 2027

 MRFR reports that the clinical laboratory services market is likely to exhibit a sound growth rate during the forecast period (2018-2023). The global clinical laboratory services market is expected to surpass a valuation of USD 274,400 Million by 2023. Demand for clinical laboratory services is on the rise due to the increased healthcare expenditure coupled with growing awareness about such services. North America is a major region for these services and presents lucrative growth opportunities to market players. Moreover, existence of advanced healthcare infrastructure and widespread availability of lab experts and technicians is supplementing the growth of the clinical laboratory services market in North America. Meanwhile, APAC is also likely to remain under the investment radar of companies operating on a global level.

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Synopsis:

MRFR in its latest report offers a detailed observation on the global clinical laboratory services market. It also includes a revenue analysis and market projection until 2023. All the important parameters are considered for analysis. In this report, the market element such impacting trends, drivers, opportunities and threats are thoroughly discussed. The scope of the discussion covers different types of clinical laboratory services such as biochemistry, microbiology, endocrinology, hematology, histopathology, cytology and genetic testing. Application areas considered for laboratory services are independent, laboratory, reference Laboratory and hospital laboratory.

Report Coverage:

Historical clinical laboratory services market trends, forecast, dynamics, value by region as well as by segmentation, country-level analysis for each segment, key player’s market share analysis and factor analysis which covers supply chain and Porter’s five forces analysis of the market.

Companies Covered:

Laboratory Corporation of America Holdings, Mayo Medical Laboratories, Spectra Laboratories Inc, Unilabs, Bio-Reference Laboratories, Clinical Reference Laboratory, Adicon Clinical Laboratory, Amedes Holdings, Lifelabs Medicals Laboratories, Quest Diagnostics Incorporated, Synlab International, ACM Medical Laboratory, Eurofins Scientific, Cerba Healthcare and Sonic Healthcare.

Research Methodology:

MRFR leverages its optimum statistical solution for assessment of critical elements to ensure the deliverance of in-depth clinical laboratory services market foresight. The multi-layered research module is utilized for qualitative and quantitative analysis of governing factors and macroeconomic indicators of the market such as current market dynamics, historical trends, consumer landscape, growth opportunities, and challenges. Primary and secondary research processes form the foundation of the research methodology utilized for prudent clinical laboratory services market analysis. The collected data is verified through inputs from surveys, personal interviews, research publications, paid databases, and other credible sources available in public domain. In addition, the top-down and bottom-up approaches are employed for authentication of research findings which are then verified using a strong data triangulation technique.

Global Clinical Laboratory Services Market – Segmental Analysis:

This MRFR report offers a detailed segmental analysis of the global clinical laboratory services market based on type and application. By type, the market is segmented into biochemistry, endocrinology, microbiology, hematology, histopathology, cytology, genetic testing, and others. Among these, the hematology segment held 25.6% market share in 2017. It is estimated to retain its dominant position through the forecast period. The growth of the segment can be ascribed to the large-scale prevalence of blood cancer. As per the 2018 statistics revealed by the Leukemia & Lymphoma Society, around 60,300 people are projected to be diagnosed with leukemia, whereas, 24,370 people are expected to succumb to the disease.

By application, the global clinical laboratory services market has been segmented into independent laboratory, reference laboratory, and hospital laboratory. Among these, the hospital laboratory segment is likely to dominate the global market over the assessment period. The valuation of the segment has been predicted to grow from USD 152,574 Mn in 2017 to USD 185,982 Mn by 2023-end. Factors such as the availability of different tests and favorable reimbursement policies for tests in the region are presumed to drive the growth of the clinical laboratory services market in the foreseeable future.

Regional Outlook:

By region, the global clinical laboratory services market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas accounted for the maximum share of the market in 2017 and is forecasted to grow significantly over the next couple of years. The factors that are poised to aid the proliferation of the clinical laboratory services market in the region include favorable reimbursement policies, growth of clinical laboratories, and increasing count of lab technicians. It has been estimated that the valuation of the market will touch USD 108,913 Mn by the end of 2023.

Europe is an important growth pocket forecasted to hold the second spot in the global marketplace. The competitive landscape of the market is growth inducive owing to the presence of major prominent key players, rising healthcare expenditure, rising count of clinical tests, etc. The Middle East & Africa is expected to reach a valuation of USD 14,067 Mn by 2023-end from USD 11,252 Mn in 2017.

Asia Pacific is expected to emerge as the fastest growing regional market over the projection period. The region signifies strong growth opportunities for the expansion of the market. It is estimated to thrive at a CAGR of 5% during the forecast period. The rising burden of diseases such as cancer, diabetes, etc. is the driving force of market growth in the region.

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Global Surgical Drapes and Gowns Market 2020: Key Companies Profile, Their Market Share And Growth Insights To 2027

  Global surgical drapes and gowns market is expected to grow significantly over the forecast period. It is anticipated that the market held value of USD 2.23 billion in 2017 and is projected to grow at a CAGR of 4.4% over the forecast period.

The factors such as increasing number of surgeries and high incidences of hospital-acquired infections are expected to propel the growth of the market. However, reuse of surgical drapes and gowns in developing regions hamper the market growth over the forecast period.

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Segmentation

The global surgical drapes and gowns market has been segmented into type, usage pattern, and end user.

Based on type, surgical drapes and gowns market is segmented into surgical drapes and surgical gowns. The surgical drapes segment is expected to account for the largest share segment of the market in 2017.

Based on usage pattern, surgical drapes and gowns market is segmented into disposable surgical drapes & gowns and reusable surgical drapes & gowns.

Based on end user, surgical drapes and gowns market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to account for the largest share segment of the market in 2017.

The surgical drapes and gowns market segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The surgical drapes and gowns market in the Americas further segmented into North America and South America, with the North American market divided into the US and Canada.

The European surgical drapes and gowns market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The surgical drapes and gowns market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The surgical drapes and gowns market in the Middle East & Africa segmented into the Middle East and Africa.

Key players

Halyard Health (US), Cardinal Health (US), 3M (US), Mölnlycke Health Care (Sweden), Thermo Fisher Scientific (US), STERIS Corporation (US), Paul Hartmann AG (Germany), Pacon Manufacturing (US), Medica Europe B.V. (The Netherlands), and Guardian (US) are some of the key players in the global surgical drapes and gowns market.

Regional Market Summary

Geographically, the Americas is anticipated to dominate the global surgical drapes and gowns market owing to a well-established player and increasing surgical procedures.

Europe is expected to hold the second largest position in the global surgical drapes and gowns market. The market growth in this region is attributed to the growth in surgical procedures.

The surgical drapes and gowns market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region.

The Middle East & Africa has the least share of the surgical drapes and gowns market

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