APAC to Witness Fastest Growth in Hospital Management Software Market – TechSci Research

 Improving healthcare IT infrastructure to drive the growth of global hospital management software market

According to TechSci Research report, “Global Hospital Management Software Market By Product, By Deployment Mode, By Type of Software, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the global hospital management software market was valued at $ 25 billion in 2019 and is forecast to witness a CAGR of over 9% during the forecast period on account of the increasing demand from various hospitals & clinics for installation of such software in order to handle their businesses in a more consistent, efficient and easy way. Additionally, replacement of manual records by electronic records is further expected to propel the market over the next five years. Furthermore, increasing incidences of medication errors are anticipated to positively impact the growth of market through 2025. Also, the adoption of such software helps hospitals in cost cutting and provides high return on the investment. Moreover, increasing government support in the form of schemes, grants and funds is further spurring the growth of market. Besides, the software also provides support in framing healthcare policies and provides information such as about drugs that were given to a particular patient and how did the patient react to the drug during the course of treatment, among others. However, high infrastructural and maintenance costs associated with hospital management software might hamper the growth of market during forecast period. Also, issues of data privacy and cyber threat might restrict the growth of market. Additionally, lack of software knowledge in developing countries might negatively impact the growth of market. Furthermore, lack of onsite IT support services is expected to impede the growth of market over the next few years.

Browse 161 market data Figures spread through 168 Pages and an in-depth TOC on "Global Hospital Management Software Market"

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The global hospital management software market is segmented based on product, deployment mode, type of software, application, company and region. Based on deployment mode, the market can be bifurcated into on-premises and cloud. The cloud segment is expected to dominate the market during forecast period. This can be ascribed to the changing trends in medical industry to shift their business to cloud platforms. The medical industry is currently focusing on the installation of this deployment mode to improve their productivity, functionality, customer management, enhance cost effectiveness of their services, among others. Based on end user, the market can be fragmented into hospitals, clinics and others. The hospitals segment is expected to dominate the market owing to the widespread adoption of the software by different hospitals around the globe.

Cerner Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc, IBM Corporation, Siemens Healthineers AG, Centrak Ltd., Ekahua Inc., AeroScout Inc., Zebra Technologies Corporation, Infor Inc., Trimble Navigation Ltd., Philips Healthcare, Johnson Controls International Plc., Motorola Solutions Inc., Sonitor Technologies A.S., Sisoft, Wellsky Corporation, Midmark Corporation, Medical Information Technology, and McKesson Corporation are some of the leading players operating in the global hospital management software market. The companies operating in the market are using organic strategies such as product launches, as well as mergers and collaborations to boost their market share.

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“Asia-Pacific is expected to witness fastest growth in the hospital management software market during the forecast years owing to the increasing healthcare expenditure and rising medical tourism in the region. Additionally, high internet penetration and cloud based services in the region are further anticipated to spur the market growth. Also, the key vendors operating in the market are expanding their businesses in the region, thereby creating lucrative opportunities for the growth of market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Hospital Management Software Market By Product, By Deployment Mode, By Type of Software, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global hospital management software market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global hospital management software market.

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North America to Dominate Neonatal & Prenatal Care Market - TechSci Research

 

Rising awareness about neonatal & prenatal healthcare to drive global neonatal & prenatal care market during forecast period

According to TechSci Research report, “Global Neonatal & Prenatal Care Market By Equipment, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global neonatal & prenatal care market was valued at $ 6.7 billion in 2019 and is forecast to grow in the coming years on account of rising incidences of neonatal hospital-acquired infections among new-borns across the globe. Moreover, growing awareness pertaining to the neonatal health & care is further expected to bode well for the growth of global neonatal & prenatal care until 2025. In addition to this, a huge number of women everyday struggle from ailments which are associated with pregnancy or childbirth. This has resulted in surging demand for neonatal and fetal care, thereby driving the market growth across various economies.  Moreover, rising incidences of preterm births coupled with increasing investments from major market players for developing innovative prenatal diagnostics and monitoring devices is making headway for the growth of global neonatal & prenatal care market over the coming years. Furthermore, lack of awareness related to advanced healthcare facilities along with economic constraints in developing countries might act as major impediment to the growth of global neonatal & prenatal care market through 2025.

Browse 181 market data Figures spread through 178 Pages and an in-depth TOC on "Global Neonatal & Prenatal Care Market"

 

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Global neonatal & prenatal care market can be segmented based on equipment, application, end user, and region. Considering the equipment, the market is fragmented into prenatal and neonatal. The prenatal segment is further categorized into fetal doppler, fetal MRI, fetal monitor, fetal pulse oximetry and others. Out of these, fetal monitor segment dominated the market until 2019 and is anticipated to maintain its leading position during the forecast period as well, which can be attributed to its use in determining a baby's heart rate during pregnancy and labor. Similarly, the neonatal segment is further fragmented into incubators, neonatal monitoring device, phototherapy equipment, hearing and vision screening instrument and pulse oximetry. Among them, monitoring devices segment is projected to register significant growth in the years to come on account of factors like continuous technological advancements in neonatal monitors, which include enhancements in connectivity and ease-of-use under home settings.

Medtronic Plc., GE Healthcare, Cardinal Health Inc., Smith’s Medical Plc., Getinge AB, Atom Medical Corporation, Philips Healthcare, Masimo Corporation, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical Inc., Becton Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Hillrom Holdings Inc., Utah Medical Products Inc. are among the leading players operating in global neonatal & prenatal care market.

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“North America is forecast to dominate the global neonatal & prenatal care market over the course of next five years on the account of huge demand for technologically advanced medical products in the United States. Moreover, rising requirements of latest medical technologies and products in hospitals for several applications across major developing economies is anticipated to contribute to the rapid adoption of neonatal & prenatal care. Furthermore, high awareness rate regarding the health of expecting mothers and the newborns across the North American region is expected to boost the neonatal & prenatal care market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Neonatal & Prenatal Care Market By Equipment, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global neonatal & prenatal care market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global neonatal & prenatal care market.

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Luxembourg Tire Market is Expected to Witness less than 3% CAGR By 2025 – TechSci Research

 Stable business environment and boost in automotive industry are some key factors expected to drive the growth of Luxembourg tire market in coming years.

According to TechSci Research report, “Luxembourg Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025”, Luxembourg tire market is expected to witness a substantial growth with less than 3% CAGR during the forecast period. Key factors propelling the growth of Luxembourg tire market are increasing automobile sales, high per capita income of consumers and favourable taxation norms. Import of tires into Luxembourg by various global tire brands such as Michelin, Bridgestone, Pirelli, Nokian and Hankook is a major source of meeting the country’s tire demand. Furthermore, anticipated growth in various sectors such as logistics and construction is expected to have a positive impact on Luxembourg tire market during 2016-2021.

Additionally, the location of Luxembourg gives it a strategic advantage of delivering raw material and supplies to almost all neighbouring countries in a shorter duration, eventually making the country a hub of suppliers for almost all key industries. This fact has considerably boosted the logistics and supply chain industry of the country, consequent to which, demand for commercial vehicles is increasing, in turn generating demand for tires from the replacement segment. On account of high population coupled with huge tourist inflow, Luxembourg district accounts for the largest volume share of the country’s tire market, followed by Diekirch district and Grevenmacher district.

Browse 77 market data Figures and Tables spread through 115 Pages and an in-depth TOC on "Luxembourg Tire Market"

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Luxembourg tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three -wheeler. In 2019, passenger car tire segment dominated Luxembourg tire market with a market share of over 92%, followed by light commercial vehicle tires, two-wheeler tires, medium & heavy commercial vehicle tires and OTR tires. The segment is further expected to maintain its dominance during the forecast period and cover a market share of 93.25% by 2025.

Based on tire type, Luxembourg tire market can be categorized into radial vs bias. Among the two, radial tires hold lion’ share in the market and is expected to hold more than 98% market share by 2025 as as they offer flexible sidewalls and reduced fuel consumption due to less rolling resistance.

Leading market players in Luxembourg tire market are Continental BeneLux BVBA, Michelin BeLux SA, Goodyear Dunlop Tires Operations S.A., Bridgestone Europe S.A., Pirelli Tyres BeLux NV/SA, N.V. Apollo Vredestein BeLux S.A., Hankook Tire, Nokian Tyres PLC, N.V. YOKOHAMA BELGIUM S.A. and Cooper Tire & Rubber Company. Among them, Goodyear is the only tire company operating its tire manufacturing plant in the country. Key growth strategies being adopted by leading tire manufacturers are mergers & acquisitions, collaborations, joint ventures and new product launches.

“Luxembourg tire market is a replacement driven market, with most of the tire demand being met through tire imports. Yet, on account of high purchasing power of the people, coupled with favourable fiscal and monetary policies, the tire market in the country is expected to grow over next five years. Moreover, the entry of new market players is further boosting the Luxembourg tire market growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“Luxembourg Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025” has analyzed the potential of Luxembourg tire market, and provides information and statistics on market structure, size and trends. The report is designed to provide the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Luxembourg tire market.

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Lithuania Tire Market is Poised to Undergo 4.51% CAGR Through 2025 – TechSci Research

 Growth in automotive industry and expanding vehicle fleet are some key factors expected to drive the growth of Lithuania tire market in coming years.

According to TechSci Research report, “Lithuania Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025”, Lithuania tire market is forecast to undergo 4.51% CAGR during the forecast period. Despite being largely impacted by the Eurozone crisis, the country’s automotive sector managed to grow at a steady pace during 2011 - 2015. In Lithuania, automobile sales grew at a CAGR of around 4.23% CAGR during 2013 - 2019. Moreover, the country’s automotive industry is likely to perform better during the forecast period on account of anticipated increase in the Foreign Direct Investment (FDI) inflows in the Baltic States by the European Commission. This is further expected to support the growth of Lithuania tire market in the next five years.

Furthermore, the anticipated expansion in the country’s vehicle fleet coupled with rising disposable income, increasing urbanization and growing infrastructure sector are poised to positively influence tire market in Lithuania during the forecast period. As of 2019, Lithuania’s tire market was entirely import driven as no tire manufacturing facility was being operating in the country.

Browse 77 market data Figures and Tables spread through 115 Pages and an in-depth TOC on "Lithuania Tire Market"

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Lithuania tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three -wheeler. Among them, the passenger car tire segment held the lion’s share of over 86%  in the country’s tire market, in volume terms until 2019. This trend is expected to continue during the forecast period as well owing to rising sale of passenger cars in the country owing to improving standard of living.

Based on demand category, Lithuania tire market can be categorized into radial vs bias. The tire market in the country is completely dominated by replacement segment. The trend is forecast to continue during the forecast period as well. The reasons can be attributed to absence of any OEM in the country. Region wise, Vilnius County is the largest demand generator for tire in the country, followed Kaunas, Klaipėda, Šiauliai and Panevėžys counties.

Leading market players in Lithuania tire market are Bridgestone Baltic SIA, Continental Aktiengesellschaft, Pirelli & C. S.p.A., Goodyear Dunlop Tires Baltic OÜ, Hankook Tire Company Ltd., Toyo Tire & Rubber Co., Ltd, Yokohama Denmark A/S, Nokian Tyres plc, Compagnie Générale des Établissements Michelin and Belshina Open Joint Stock Company. These companies are also benefiting from the absence of any domestic manufacturing facility in the country. Moreover, market players are adopting growth strategies such as product innovation, collaboration, joint ventures and partnerships in order to increase their market share in Lithuania tire market.

“Market leaders are realigning their business strategies in order to expand their customer base in Lithuania's tire market. E-retailing is providing customers with various advantages such as fast delivery, brand comparison, lower price as compared to offline tire outlets; which is positively impacting the growth of the tire market in the country.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“Lithuania Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025” has analyzed the potential of Lithuania tire market, and provides information and statistics on market structure, size and trends. The report is designed to provide the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Lithuania tire market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

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Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

https://www.techsciresearch.com/