Track and Trace Solutions Market | 3.93 Billion USD by 2023

Browse 246 market data Tables and 37 Figures spread through 256 Pages and in-depth TOC on "Track and Trace Solutions Market by Type (Plant Manager, Checkweigher, Barcode Scanner, Monitoring), Technology (2D Barcode, RFID), Application (Serialization, Aggregations, Reporting), End User (Pharmaceutical, Medical Devices) - Global Forecast to 2023"

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Growth in this market is attributed to the growing number of counterfeit drugs entering the supply chain, increasing focus on consumer and patient safety, increasing number of packaging related product recalls, and government legislations for the implementation of serialization in track and trace systems to ensure supply chain efficiency across the globe.

The plant manager software segment to dominate the track and trace software market during the forecast period

Based on software type, the track and trace solutions market is segmented into plant manager, line controller, enterprise and network manager, bundle tracking, warehouse and shipment manager, case tracking, and pallet tracking software. The plant manager segment accounted for the major share of the track and trace software market. The large share of this segment can primarily be attributed to the rising need for a secure supply chain of pharmaceutical and medical devices industry along with strict government legislations. The enterprise and network manager segment is expected to register the highest growth during the forecast period. The high growth of this segment is attributed to the increasing awareness of manufacturers regarding secure packaging and strict regulations across the globe for the implementation of track & trace and serialization solutions.

Tracking, tracing, and reporting application segment to witness the highest growth rate during the forecast period

On the basis of application, the track and trace solutions market is segmented into serialization, aggregation, and tracking, tracing, and reporting solutions. The serialization solutions segment accounted for the major share of the track and trace solutions market. The large share of this segment is majorly attributed to stringent government regulations for the implementation of serialization across the globe. The tracking, tracing, & reporting solutions is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing number of regulations such as DSCSA, UDI, and Medical Device Reporting (MDR) for medical devices and pharmaceutical products.

2D barcodes dominated the track and trace technology market in 2017

On the basis of technology, the track and trace solutions market is segmented into linear barcodes, 2D barcodes, and Radio Frequency Identification (RFID). In 2017, the 2D barcodes segment accounted for the major share of the track and trace technology market. The advantages of 2D barcodes, such as they have higher data storage capacities as well as contain large amounts of data with fewer variations in image size. This is a major factor driving the track and trace solutions market for 2D barcodes.

North America dominated the market in 2017

North America accounted for the largest share of the track and trace solutions market in 2017, followed by Europe. The large share of this region is attributed to the presence of developed healthcare systems in the US & Canada, the presence of a large number of pharmaceutical and biotechnology companies and medical device manufacturers, stringent regulations regarding serialization, and growing medical devices market.

The prominent players in the track and trace solutions market are Optel Vision (Canada), METTLER-TOLEDO (US), Systech (US), TraceLink (US), Antares Vision (Italy), Xyntek (US), Axway (US), Adents International (France), Sea Vision (Italy), Siemens (Germany), Zebra Technologies (US), ACG Worldwide (India), and Körber Medipak Systems (Switzerland).

Related Article: 

https://www.prnewswire.com/news-releases/track-and-trace-solutions-market-worth-393-billion-usd-by-2023-671949083.html

Radiation Dose Management Market by Products, Services, Application & End User - 2022

The global market is segmented on the basis of products & services, modality, end user, and region. On the basis of products and services, the market is segmented into solutions and services. The solutions market is further subdivided into standalone solutions and integrated solutions. The services market is subdivided into implementation and integration services, support and maintenance services, consulting services, and education and training services. By modality, the market is divided into computed tomography, fluoroscopy and interventional imaging, radiography & mammography, and nuclear medicine. The market is further segmented by end users into hospitals, ambulatory care settings, and research institutions and academic medical centers.

Radiation Dose Management Market

Geographically, the global market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2017, North America accounted for the largest share of the global radiation dose management market, followed by Europe, Asia-Pacific, and RoW. This is due to the presence of a large number of hospitals and health systems, changing regulations, increasing accreditation requirements, and the increasing need to curtail the soaring healthcare costs.

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However, the market in Europe is expected to grow at the highest CAGR during the forecast period. Government initiatives in this region to increase patient safety and the need to improve overall efficiency in healthcare organizations are driving the growth of the European market. The EU directives regarding the use of ionizing radiation, which will be repealed from February 6, 2018, is a prime factor for the increasing adoption of radiation dose management solutions by healthcare providers in Europe, which in turn is driving the growth of this geographic segment during the next two years

The key players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.S.), PACSHealth LLC (U.S.), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.), Siemens Healthineers (Germany), AGFA Healthcare (Belgium), Sectra AB (Sweden), QAELUM N.V. (Belgium), Bracco Imaging S.p.A. (Italy), and Medsquare (France). Key players in the radiation dose management market are pursuing several organic and inorganic growth strategies such as product launches & upgrades, partnerships, collaborations & agreements, acquisitions, and expansions to garner larger shares in the market.

The global radiation dose management market is estimated to grow at a CAGR of 42.0% from 2017 to 2022, to reach USD 931.3 Million by 2022 from USD 161.3 Million in 2017. This market is mainly driven by the increasing needs to cut radiation dose levels causing chronic diseases, need for regulatory compliance, and need for improved patient safety and for accurate and reliable systems to manage critical radiation dose levels and information. Moreover, the safe and ensured environment through radiation dose management systems results in a streamlined workflow, thus increasing the operational efficiency and quality of healthcare organizations. However, lack of funding and lack of standardized protocols for radiation dose management are expected to restrain the growth of this market to a certain extent in the developing regions.

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Source : https://www.aboutpharma.com/blog/2017/05/10/radiation-dose-management-market-worth-931-3-million-usd-by-2022/

Patient Engagement Solutions Market by Component, Delivery Mode, Applications & End User - 2022

The key factors driving the growth of this market include the rise in aging population, increasing burden of chronic diseases, and focus of patients on self-managing their care has led to an increase in the adoption of patient engagement solutions globally. However, in spite of the numerous benefits certain barriers such as security of patient data and lack of interoperability are restraining the growth of this market.

By component, the software segment accounted for the largest share of the market in 2017
On the basis of component, the patient engagement solutions market is broadly segmented into software, hardware, and services. In 2017, The software segment is estimated to account for the largest share of the global patient engagement solutions market. However, the market for the services (including services for consulting, storage, implementation of solutions, training, maintenance, and regular up gradation of technology) is expected to grow at the highest CAGR during the forecast period.

By delivery mode, the on-premise segment held the largest market share in 2017
On the basis of delivery mode, the patient engagement solutions market is further classified into on-premise and cloud-based models. In 2017, the on-premise delivery mode is expected to account for the largest share of the global patient engagement solutions market.

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However, the cloud-based solutions market is projected to register the highest CAGR during the forecast period. The ability to access computing and storage resources swiftly when needed, without the requirement for a large technical staff, is one of the reasons that is driving the market growth of the cloud-based delivery mode.

By application, the health management segment held the largest market share in 2017
Based on application, the patient engagement solutions market is further segmented into health management, social and behavioral management, home health management, and financial health. In 2017, the health management segment is expected to account for the largest share and is expected to register the highest CAGR during the forecast period. Providers encouraging patients to adopt these tools as it saves a lot of time for the providers as well as increase patient compliance for care is the major factor driving the growth of this segment.

North America dominated the market in 2017
North America accounted for the largest share of the patient engagement solutions market in 2016, followed by Europe. Federal mandates’ focus on Meaningful Use of Healthcare IT, need to curb rising healthcare cost and reduce hospital readmissions, rising number of accountable care organizations (ACO) as end users for patient engagement platforms, rising aging population in the US and Canada’s efforts to enhance healthcare delivery and digital health measures in Canada will also drive market growth during the forecast period.

Patient Engagement Solutions Market

Factors such as growing demand for advanced healthcare solutions and efficient healthcare delivery in Germany, role of NHS in the UK, implementation of the Dossier Médical Personnel (DMP) in France, and rising number of initiatives to improve care coordination in RoE are expected to boost the adoption of patient engagement solutions in these countries.

The key players in the market include McKesson Corporation (US), Allscripts (US), IBM (US), athenahealth (US), Cerner Corporation (US), and Orion Health (New Zealand).

Overview of Global Healthcare IT Market

Over the years, the adoption of HCIT solutions has increased significantly, mainly due to factors such as rising healthcare costs, increasing demand for more efficient and interoperable systems, and the challenges faced by providers (such as patient management, managing Big Data and analytics, and security breaches).

Government compliance and regulatory issues also increase the burden on both providers and HCIT companies. These challenges, in turn, trickle down to payers and accountable care organizations (ACOs). HCIT solutions can help address these issues.

MarketsandMarkets helps HCIT companies understand the pain points and provide appropriate strategies to deal with them. The services provided by our HCIT consultants include:

Adoption Rate Analysis of Various Solutions
• End-user Perception Analysis
• Budget Analysis
• Competitive Scenario, Regulations, and Market Assessment

Published Reports:

 "Patient Engagement Solution Market "

Patient engagement solutions involve healthcare information technology (HCIT) solutions, associated hardware, and services that are typically used to engage patients in their own health. These platforms enable patient centric healthcare delivery to ensure value-based care and enhance health outcomes.

The patient engagement solutions market is projected to reach USD 18.68 Billion by 2022 from USD 7.49 Billion in 2016, at a CAGR of 16.2%.

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Factors such as a rise in the aging population, increasing burden of chronic diseases and focus of patients on self-managing their care has led to an increase in the adoption of patient engagement solutions globally.

However, in spite of the numerous benefits certain barriers such as security of patient data and lack of interoperability are restraining the growth of this market. In this report, 2016 is considered as the base year and the forecast period is from 2017 to 2022.

"Healthcare IT Consulting Market "

 A number of factors such as growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, growing HCIT expenditure, lack of skilled IT professionals in the healthcare industry, growing venture capital investments in health IT, and the need for data security are driving the growth of healthcare IT consulting market. On the other hand, end-user concerns regarding the confidentiality are restraining the growth of this market.

The global HCIT consulting services market is expected to reach USD 45.42 Billion by 2022 from USD 18.38 Billion in 2017, at a CAGR of 19.8%.

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"Computer Assisted Coding Market"

The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the rising demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures.

However, high implementation and maintenance expenses for computer-assisted coding and lack of IT professionals in the healthcare industry are likely to hinder the growth of the market to some extent.

The global computer-assisted coding market is projected to reach USD 4.75 Billion by 2022 at a CAGR of 11.5% during the forecast period.

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In 2016, the solutions segment dominated the product and service computer-assisted coding market. The solutions segment is subsegmented into standalone software and integrated software.

The integrated computer-assisted coding software segment is the fastest-growing segment of the global computer-assisted coding solutions. This can be attributed to the growing need for optimized computer-assisted coding software for seamless workflow and successful data integration within healthcare provider systems.

Radiation Dose Management Market: Geographic Growth Opportunities

The key players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.S.), PACSHealth LLC (U.S.), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.), Siemens Healthineers (Germany), AGFA Healthcare (Belgium), Sectra AB (Sweden), QAELUM N.V. (Belgium), Bracco Imaging S.p.A. (Italy), and Medsquare (France). Key players in the radiation dose management market are pursuing several organic and inorganic growth strategies such as product launches & upgrades, partnerships, collaborations & agreements, acquisitions, and expansions to garner larger shares in the market.

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The market in Europe is expected to grow at the highest CAGR during the forecast period. Government initiatives in this region to increase patient safety and the need to improve overall efficiency in healthcare organizations are driving the growth of the European market. The EU directives regarding the use of ionizing radiation, which will be repealed from February 6, 2018, is a prime factor for the increasing adoption of radiation dose management solutions by healthcare providers in Europe, which in turn is driving the growth of this geographic segment during the next two years

The global radiation dose management market is estimated to grow at a CAGR of 42.0% from 2017 to 2022, to reach USD 931.3 Million by 2022 from USD 161.3 Million in 2017. This market is mainly driven by the increasing needs to cut radiation dose levels causing chronic diseases, need for regulatory compliance, and need for improved patient safety and for accurate and reliable systems to manage critical radiation dose levels and information. Moreover, the safe and ensured environment through radiation dose management systems results in a streamlined workflow, thus increasing the operational efficiency and quality of healthcare organizations.

Implementation of Incentives to Shift the Burden of Risk From Healthcare Payers to Providers

Based on application, the patient engagement solutions market is segmented into health management, home health management, social and behavioral management, and financial health management. In 2017, the health management applications segment is expected to account for the largest share of the global market. The large share of this segment can be attributed to the increasing awareness among patients about the complexity of their disease conditions and their willingness to actively participate in maintaining their own health.

Based on end user, the patient engagement solutions market is segmented into providers (hospitals and physicians), payers, patients, and other end users (employer groups, government bodies, and pharmaceutical companies). In 2017, the healthcare providers segment is estimated to account for the largest share of the global market. The large share of this segment can be attributed to the high demand for patient engagement solutions by healthcare providers in order to maintain a competitive edge in the market.

The global patient engagement solutions market USD 8.80 Billion in 2017, For More Information,
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In 2017, McKesson Corporation (US) and Cerner Corporation (US) were some of the major players in the global patient engagement solutions market. Some of the other players competing in the market are Allscripts (US), IBM (US), athenahealth (US), Orion Health (New Zealand), Getwell Network (US), Lincor Solutions (Ireland), Yourcare Universe (US), WelVU (US), Get Real Health (US), and Oneview Healthcare (Ireland).

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. The growth of the North American market is expected to be centered particularly in the US. Growth in this segment is largely driven by the federal mandates, focus on Meaningful Use of Healthcare IT, need to curb rising healthcare cost and reduce hospital readmissions

Radiation Dose Management Market: Geographic Growth Opportunities

The key players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.S.), PACSHealth LLC (U.S.), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.), Siemens Healthineers (Germany), AGFA Healthcare (Belgium), Sectra AB (Sweden), QAELUM N.V. (Belgium), Bracco Imaging S.p.A. (Italy), and Medsquare (France). Key players in the radiation dose management market are pursuing several organic and inorganic growth strategies such as product launches & upgrades, partnerships, collaborations & agreements, acquisitions, and expansions to garner larger shares in the market.

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The market in Europe is expected to grow at the highest CAGR during the forecast period. Government initiatives in this region to increase patient safety and the need to improve overall efficiency in healthcare organizations are driving the growth of the European market. The EU directives regarding the use of ionizing radiation, which will be repealed from February 6, 2018, is a prime factor for the increasing adoption of radiation dose management solutions by healthcare providers in Europe, which in turn is driving the growth of this geographic segment during the next two years

The global radiation dose management market is estimated to grow at a CAGR of 42.0% from 2017 to 2022, to reach USD 931.3 Million by 2022 from USD 161.3 Million in 2017. This market is mainly driven by the increasing needs to cut radiation dose levels causing chronic diseases, need for regulatory compliance, and need for improved patient safety and for accurate and reliable systems to manage critical radiation dose levels and information. Moreover, the safe and ensured environment through radiation dose management systems results in a streamlined workflow, thus increasing the operational efficiency and quality of healthcare organizations. However, lack of funding and lack of standardized protocols for radiation dose management are expected to restrain the growth of this market to a certain extent in the developing regions.

Healthcare IT Consulting Market in USA

The global HCIT consulting services market is expected to reach USD 45.42 Billion by 2022 from USD 18.38 Billion in 2017, at a CAGR of 19.8%.

A number of factors such as growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, growing HCIT expenditure, lack of skilled IT professionals in the healthcare industry, growing venture capital investments in health IT, and the need for data security are driving the growth of this market. On the other hand, end-user concerns regarding the confidentiality are restraining the growth of this market.

The global HCIT consulting services market into type, end user, and region. On the basis of type, the global HCIT consulting services market is segmented into HCIT strategy and project/program management; healthcare application analysis, design, and development; HCIT integration and migration; change management; healthcare/medical system & security set-up and risk assessment; healthcare enterprise reporting and data analytics services; production go-live/post go-live support; healthcare business process management; regulatory compliance; and other consulting services. The healthcare application analysis, design, and development segment is expected to register the highest CAGR during the forecast period. The large share of this segment can be attributed to the fact that IT application analysis, design, and development form the major component of all IT solution implementation projects. Additionally, every healthcare facility has different requirements which need careful designing, development, and implementation of customized solutions.

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The global HCIT consulting services market, by end user is segmented into healthcare providers, payers, and other end users. In 2017, the healthcare providers segment is expected to account for the largest share of the market. The large share of this segment can primarily be attributed to factors like the rising healthcare costs, growing adoption of HCIT solutions by providers as a means to bring down costs, growing adoption of electronic medical records (EMRs) to improve patient care, increasing hospital consolidation, changing and increasing stringency of regulations for HCIT provider solutions, and growing adoption of HCIT solutions by ACCs, home healthcare centers, and diagnostic centers.

Geographically, the HCIT consulting services market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2017, North America is expected to dominate the market, followed by Europe. The large share of the North American market is attributed to the factors such as government initiatives to enhance adoption of HCIT solutions, increasing government expenditure on HCIT, changing and stringent legislative requirements and accreditations necessary for healthcare IT solutions, and the presence of a large number of IT solutions and services companies in the region.

Some prominent players in the HCIT consulting services market are Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.).

These companies are focusing on strategies such as product launches, expansions, agreements, collaborations, and acquisitions to increase their offerings in the market and cater to the increasing demand for HCIT consulting services.

Related Article :

http://www.24pressrelease.com/11225/news/growing-digitization-in-healthcare-boost-healthcare-it-consulting-market

https://www.wesrch.com/medical/paper-details/press-paper-ME1MS1000YRTG-changes-in-the-hcit-landscape-boost-healthcare-it-consulting-market

Patient Engagement Solutions Market in North America

The patient engagement solutions market is projected to reach USD 16.39 Billion by 2020 from USD 6.68 Billion in 2015, growing at a CAGR of 19.7%. North America is expected to account for the largest share of the market in 2015, followed by Europe, Asia, and the Rest of the World (RoW). However, the European region is expected to grow at the highest CAGR during the forecast period.

The global patient engagement solutions market is segmented on the basis of component, delivery mode, end user, application, and therapeutic area. On the basis of component, the market is segmented into hardware, software, and services. The software segment is estimated to account for the largest share of the global market in 2015. However, the services segment is expected to witness the highest growth rate during the forecast period, owing to the indispensable nature of services which include consulting, storage, and implementation of solutions, training, maintenance, and regular upgrades.

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Patient engagement solutions find major applications in the health management of a patient. These solutions are also used in social and behavioral management, home health management, and financial management. The health management segment is the fastest-growing segment and is expected to command the largest share of the global market in 2015. Providers are encouraging patients to adopt health management solutions as they help save time for providers as well as increase patient compliance with therapy. Health management solutions empower patients to improve the quality of care, resulting in better outcomes with fast recovery.

Factors such as legislations and initiatives to promote ‘patient-centeredness’ in healthcare, increasing number of accountable care organizations, impetus on fulfilling the requirements of Meaningful Use through patient engagement, growth of the HCIT market, consolidation of healthcare providers, and growing focus on eHealth are driving the growth of the market. However, reluctance among providers towards the adoption of patient engagement solutions, requirement of infrastructural investments, and lack of interoperability are expected to restrain market growth. On the other hand, emerging economies in the Asian region, growing medical tourism, and growing use of cloud-based models offer growth opportunities for players in the market.

Geographically, the patient engagement solutions market is categorized into North America, Europe, Asia, and the Rest of the World (RoW).

Source: Center for Patient and Consumer Engagement, Society for Participatory Medicine, Association for Patient Experience, Institute of Patient and Family Centered Care, Patient Engagement Advisory Committee, American Association of Healthcare Administrative Management (AAHAM), Institute for Health Technology Transformation (iHT2), The Health Foundation, Healthcare Information and Management Systems Society (HIMSS), American Medical Group Association (AMGA), Agency for Healthcare Research and Quality (AHRQ), Health Research & Educational Trust (HRET), American Hospital Association (AHA), International Association of Health Policy (IAHP), Institute of Population and Public Health (IPPH), Public Health Agency of Canada, WHO, OECD, Expert Interviews, and MarketsandMarkets Analysis

McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Phytel, Inc. (U.S.), athenahealth, Inc. (U.S.), Orion Health Ltd. (New Zealand), Cerner Corporation (U.S.), GetWellNetwork, Inc. (U.S.), Lincor Solutions Ltd. (U.S.), YourCareUniverse, Inc. (U.S.), WelVU, Inc. (U.S.), Get Real Health (U.S.), Oneview Healthcare (U.S.), PatientPoint (U.S.), and Medecision, Inc. (U.S.) are the key players in the global patient engagement solutions market.

There is Growing Awareness and Industry Initiatives for Radiation Dose Management

This market is mainly driven by the increasing needs to cut radiation dose levels causing chronic diseases, need for regulatory compliance, and need for improved patient safety and for accurate and reliable systems to manage critical radiation dose levels and information. Moreover, the safe and ensured environment through radiation dose management systems results in a streamlined workflow, thus increasing the operational efficiency and quality of healthcare organizations.

The global radiation dose management market is estimated to grow at a CAGR of 42.0% from 2017 to 2022, to reach USD 931.3 Million by 2022 from USD 161.3 Million in 2017.

However, lack of funding and lack of standardized protocols for radiation dose management are expected to restrain the growth of this market to a certain extent in the developing regions.

Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=82326344

Geographically, the global market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2017, North America accounted for the largest share of the global radiation dose management market, followed by Europe, Asia-Pacific, and RoW. This is due to the presence of a large number of hospitals and health systems, changing regulations, increasing accreditation requirements, and the increasing need to curtail the soaring healthcare costs.

The key players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.S.), PACSHealth LLC (U.S.), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.), Siemens Healthineers (Germany), AGFA Healthcare (Belgium), Sectra AB (Sweden), QAELUM N.V. (Belgium), Bracco Imaging S.p.A. (Italy), and Medsquare (France).

Key players in the radiation dose management market are pursuing several organic and inorganic growth strategies such as product launches & upgrades, partnerships, collaborations & agreements, acquisitions, and expansions to garner larger shares in the market.