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Market Research Consulting HEALTHCARE Healthcare is one of the most crucial, complex, and rapidly growing industries in the world. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. Healthcare industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well as private players . EMERGING MARKETS • Endoscopy Devices market • Radiotherapy market • Genetic Testing market • Healthcare Analytics market • Veterinary Diagnostics market • Optical Coherence Tomography market • Stroke Diagnostics and Therapeutics market LATEST ADVANCEMENTS Technological advancements in healthcare have contributed to services being taken out of the confines of hospital walls and integrating them with user-friendly, accessible devices. Portal technology allows physicians and patients to access medical records and interact online. Similar to portal technology, self-service kiosks can help expedite processes like hospital registration. Wearable medical devices and sensors are simply another way to collect data. www.strategymrc.com
Market Research Consulting HEALTHCARE INDUSTRY MARKET SIZE FORECAST The Global Healthcare Industry is estimated to be $5.90 trillion in 2014 and is expected to reach $8.75 trillion growing at a CAGR of 5.1% from 2014 to 2022. Rising income levels and growing elderly populations are the key factors that are favoring the industry growth. www.strategymrc.com
Market Research Consulting PORTERS FIVE FORCE ANALYSIS OF HEALTHCARE INDUSTRY Bargaining power of suppliers Low-Moderate • Some medical suppliers have enormous pricing power • Bargaining power of physicians to hospitals is huge Low -Moderate Threat of substitutes Threat of new entrants Competitive rivalry • Huge initial capital is required • Stringent government regulations for drug approval • Acquisition of new entrants by large players • Limited number of substitutes • Pharma industry profits are greatly affected by substitutes after the patents of drugs has expired • Large industry size with high intensity within pharmaceutical companies and insurance companies Moderate Low • Bargaining power of buyers is very limited • Limited amounts of insurance companies or hospitals within a network Low Bargaining power of buyers www.strategymrc.com
Market Research Consulting HEALTHCARE INDUSTRY REGIONAL MARKET SHARE Europe: ~ 28% North America: ~ 42% Asia Pacific: ~ 17% • Latin America: • ~ 4% Africa & Middle East ~ 9% www.strategymrc.com
Market Research Consulting KEY TRENDS IN HEALTHCARE INDUSTRY • Consumers are taking charge of more of their own care. Technology companies are ready to help this happen with the development of apps and mobile devices to track health metrics such as vital signs, medication adherence or even urinalysis. It's a great opportunity for some of the new entrants who are developing some of these new products. There are unprecedented regulatory, financial and competitive disruption in the healthcare industry. Roles of players are changing rapidly and strategies that made health plans successful in the past will not likely suffice for the future. Both government as well as commercial individual insurance are on the rise through public health insurance marketplaces, private exchanges, and off-exchange models. The much-hyped “rise of consumerism” is finally becoming a reality in the health care industry. The individual consumer insurance market is expected to grow in the coming years. Most health plans have placed big bets on this, investing greatly in building out their retail IT infrastructures. Non-traditional players are entering the marketplace (such as niche technology vendors, private exchange players, etc.) www.strategymrc.com
Market Research Consulting HEALTHCARE KEY PLAYERS BY REGION Bayer Celladon corporation Moderna therapeutics ONO pharmaceuticals Coloplast Fresenius Johnson & Johnson Miragen therapeutics Juventas therapeutics Nanocor therapeutics United Heath Group Bioheart Apollo Sun Pharma Coretherapix Virtus Cardioxyl pharmaceuticals Sonic Healthcare www.strategymrc.com
Market Research Consulting SECONDARY RESEARCH SOURCES PRIMARY RESEARCH SOURCES • INDUSTRY RELATED SOURCES • Annual/Financial Reports, SEC Filings, Investor/Corporate Presentations, International Healthcare Associations, Regional and Country level Healthcare Associations, Medical device companies, Pharmaceutical Companies, Healthcare Industries, Company Websites, Articles, Press Releases, Journals, e-journals, Books and • INDUSTRY PARTICIPANTS • CEOs, Chairman, Presidents, Vice Presidents, Directors, Business Development Managers, Business, Head, CCO, CSO, Regional Managers, Area Managers, Digital Marketing Managers, Planning Managers, Operations Managers, Deputy Managers, Diversity Officers, Supervisors, Data Managers, Technical Managers, Executive Engineers, Marketing Managers, Sales Professionals, Marketing Executives, Purchase Managers, and Consultants. • AUTHENTICATED SOURCES • Seeking Alpha, Factiva, Hoovers, Bloomberg, • Business-week, and One-Source. www.strategymrc.com
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