Healthcare Staffing Market Insights, Competitive Landscape and Forecast Report to 2025

San Francisco, 6 May 2019 –  “Healthcare Staffing Market Size, Share & Trends Analysis Report By Service (Per Diem Nurse, Travel Nurse, Locum Tenens, Allied Healthcare), By Region, Vendor Landscape, And Segment Forecasts, [2019 – 2025]”

The global healthcare staffing market size is likely to reach USD 44.65 billion by 2025, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 6.0% during the forecast period. Rising geriatric population is stirring up the demand for healthcare services around the globe. However, there is a shortage of efficient nurses and other healthcare professionals.

Shortage of physicians in developed regions is expected to bolster the growth of the healthcare staffing market. For instance, the Association of American Medical Colleges had predicted in 2010 that the U.S. is estimated to face a shortage of 150,000 doctors over the next 10 to 15 years. Furthermore, availability of skilled professionals at lower costs as and when required is anticipated to propel the market in the coming years.

Healthcare-staffing-market

Also, in response to pressure of costs, hospitals are forced to reduce their staff and have implemented policies to ensure that nurses would be available for work when workload increases. The healthcare staffing market has significant penetration and can easily provide staff during emergencies.

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www.grandviewresearch.com/industry-analysis/healthcare-staffing-market

Further key findings from the study suggest:

  • The allied healthcare segment accounted for the largest revenue share in the market in 2018. It includes physical therapists, medical technologists, occupational therapists, respiratory therapists, pharmacists, and phlebotomists
  • The locum tenens segment is projected to witness the fastest growth during the forecast period. This can be attributed to cost-effectiveness for employers and increase in the number of physicians choosing to work as locum tenens
  • North America will lead the market through 2025 due to increasing geriatric population, lack of skilled professionals as compared to demand, and local presence of several market players
  • Asia Pacific is likely to experience the fastest growth during the next decade due to increasing investments by several market players, positive economic outlook, and rising awareness about contract staffing
  • Some of the key players are Envision Healthcare Corporation; AMN Healthcare; CHG Management, Inc.; Maxim Healthcare Services, Inc.; Cross Country Healthcare, Inc.; inVentiv Health; Almost Family; TeamHealth; and Adecco Group.

View more reports of this category by Grand View Research at
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Grand View Research has segmented the global healthcare staffing market by service and region:

Healthcare Staffing Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Travel Nurse
  • Per Diem Nurse
  • Locum Tenens
  • Allied Healthcare

Healthcare Staffing Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-healthcare-staffing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Protein Labeling Market Future To Reach $2.60 Billion By 2024 | Leading Players Merck Millipore; Thermo Fisher Scientific Inc.

San Francisco, 24 January 2019 –  “Protein Labeling Market Size, Share & Trends Analysis Report By Product (Reagents, Kits, Services), By Application (Immunological Techniques, Fluorescence Microscopy), By Labeling Method, And Segment Forecasts, 2018 – 2024]”

The global protein labeling market size is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc., registering a CAGR of 9.3% during the forecast period. Development and commercial launch of high accuracy and rapid labeling products is expected to enhance market growth.

Post-translation Modification (PTM) such as proteolysis, lipidation, acetylation, methylation, nitrosylation, ubiquitination, glycosylation, and phosphorylation influence all aspects of pathogenesis as well as normal cell functioning. PTM studies are rapidly being adopted to investigate biological functions of various proteins and their role in disease prognosis.

protein labeling market

Availability of a broad range of labels for covalent attachment of different molecules provides researchers the choice to select labels to suit specific applications. Fluorescent labeling does not require additional reagents for protein detection due to its ability to respond to light signals. This ability of fluorescence molecules has significantly contributed to its rapid adoption in in vivo protein labeling.

High R&D spending to reduce complexity in protein labeling and increased adoption of sophisticated bioengineering techniques in various sectors of biotechnology further contribute to market growth. Development of rapid diagnostic tests based on detection of the presence of specific protein proves to be of great significance for rapid and cost-effective diagnostics. Focus on development of advanced diagnostic tests based on protein detection is expected to fuel new product development.

Technological advancements in genetic sequencing methodologies has drastically reduced the cost of genome profiling. This is expected to drive demand for protein expression analysis, which is the next step in genetic analysis after sequencing. Declining sequencing cost has increased the number of proteomic and genomic profiling studies, which is projected to fuel demand for protein labeling over the forecast period.

Browse Research Report On Protein Labeling Market :
www.grandviewresearch.com/industry-analysis/protein-labeling-market

Further key findings from the report suggest:

  • Rapid adoption of post-translational modification studies in proteomics is expected to fuel demand for reagents
  • SNAP-, CLIP-, MCP-, and ACP- tags are some of the fusion proteins used for covalent labeling. Ability to provide irreversible covalent labeling and labeling for membrane protein drives demand for probes/tags in labeling
  • Demand for kits for clinical diagnosis of various diseases based on protein detection fuels the kits product segment
  • North America dominated the market due to presence of key players and high investments in proteomics research. Canada is poised to witness lucrative growth owing to increasing number of research projects focused on improving healthcare solutions
  • Europe is a key regional market. The Seventh Framework Program of the European Union provided funds for P-CUBE – an infrastructure for Protein Production Platforms to provide access to most advanced techniques to researchers
  • Asia Pacific is expected to observe remarkable growth over the forecast period, especially in China and Japan
  • Major companies operating in the market include F. Hoffmann-La Roche AG; GE Healthcare Life Science; Promega Corporation; PerkinElmer Inc.; Merck Millipore; Thermo Fisher Scientific Inc.; Kirkegaard & Perry Laboratories (KPL); Eurogentec S.A.; New England Biolabs; and LI-COR Inc.
  • Key players are involved in acquisition of smaller players and are expanding their product portfolio, resulting in market consolidation.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented the global protein labeling market on the basis of product, application, labeling method, and region:

Protein Labeling Product Outlook (Revenue, USD Million, 2013 – 2024)

  • Reagents
    • Protein
    • Enzymes
    • Probes/ tags
    • Monoclonal antibodies
    • Other reagents
  • Kits
  • Services

Protein Labeling Application Outlook (Revenue, USD Million, 2013 – 2024)

  • Cell based-assay
  • Fluorescence microscopy
  • Immunological techniques
  • Mass spectrometry
  • Protein micro assay

Protein Labeling Method Outlook (Revenue, USD Million, 2013 – 2024)

  • In vitro
    • Enzymatic labeling
    • Dye based labeling
    • Co translational labeling
    • Site specific labeling
    • Nano particle labeling
  • In vivo
    • Photo reactive labeling
    • Radioactive labeling

Protein Labeling Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-protein-labeling-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Wireless Health Market Analysis To Reach $315.4 Billion By 2025

San Francisco, 21 January 2019 –  “Wireless Health Market Size, Share & Trends Analysis Report By Technology (WLAN, WPAN, WiMAX, WWAN), By Component Type, By Application (Patient, Provider Specific), By End Use, And Segment Forecasts, [2018 – 2025]”

The global wireless health market size is expected to reach USD 315.4 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 23.5% CAGR during the forecast period. Increase in number of eHealth initiatives worldwide, increase in penetration of smartphones and Internet connectivity, and growth in the trend of self-disease management are some of the factors boosting market growth. Growing trend toward use of wearable devices for monitoring physical parameters, such as sleep, blood pressure, heart rate, and physical activity, is also driving the wireless health market.

Growing geriatric population and subsequent rise in chronic disease burden is also driving the market. According to The Wall Street Journal, there has been an increase in usage of digital medicine, which enables management of chronic conditions such as diabetes, heart diseases, and respiratory diseases. Moreover, these digital medicines are cost-effective alternatives to traditional disease management.

wireless health market

Shifting trend toward value-based care is another factor contributing to the growth of the wireless health market. At present, some of the telehealth services, such as consulting a doctor via video connection, are reimbursed by CMS. Use of digital services such as various platforms for health management has promoted the development of various applications for managing diabetes, heart diseases, and asthma. Use of applications for chronic disease management, fitness tracking, supporting medication adherence, preventing hospital readmissions, symptom tracking, and managing mental and behavioral health are on the rise.

Browse Research Report On Wireless Health Market
www.grandviewresearch.com/industry/healthcare

Further key findings from the report suggest:

  • Wireless Personal Area Network (WPAN) emerged as the largest technology segment and Wireless Wide Area Network (WWAN) is anticipated to witness the fastest growth over the coming years
  • Software emerged as the largest component segment owing to rise in number of research initiatives. The services segment, on the other hand, is anticipated to expand at the fastest CAGR of 24.7%
  • Patient-specific applications emerged as the largest segment owing to increase in adoption and rise in research initiatives for developing them to manage individual health
  • The patient segment accounted for the largest revenue share in terms of end use owing to increase in use of health and fitness applications by people around the world
  • Themarket is highly fragmented with participants such as IBM; Allscripts; Cerner Corporation; Omron Corporation; Koninklijke Philips N.V.; Epic Systems Corporation; and Evolent Health, Inc.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented the global wireless health market report on the basis of technology, component type, application, end use, and region:

Wireless Health Technology Outlook (Revenue, USD Billion, 2014 – 2025)

  • WLAN/Wi-Fi
  • WPAN
  • WiMAX
  • WWAN

Wireless Health Component Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Software
  • Hardware
  • Services

Wireless Health Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Patient-specific
    • Physiological monitoring
    • Patient communication and support
  • Provider specific

Wireless Health End-use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Providers
  • Payers
  • Patients/Individuals

Wireless Health Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • K.
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • SouthAfrica

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-wireless-health-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Healthcare IT Market Analysis To Reach $104.5 Billion By 2020

San Francisco, 6 December 2018 – According to a report published by Grand View Research, Inc.; the healthcare IT market is expected to reach a valuation of around USD 104.5 billion by 2020.

Factors such as high prevalence of chronic diseases, rise in global patient base, increasing need to minimize errors in a medical facility, and supportive government efforts for development of healthcare infrastructure can propel the market during the forecast period (2012 to 2020). Additionally, growing geriatric population and rise in demand for home healthcare among the patients can create more opportunities in the market.

U.S. Healthcare IT market, by application, 2012 – 2020 (USD Billion)

healthcare-it-market

Increasing geriatric population prone to chronic diseases resulting into high patient base is triggering the demand for sophisticated healthcare facilities. Furthermore, increasing number of patients requiring home healthcare acts as an effective growth driver for this market.

Growing demand for improved healthcare facilities and development of technologically advanced systems are likely to fuel the market growth. Increasing use of cloud platform and interoperable systems to identify and detect infectious diseases and tracking incidence is expected to support the development of integrated healthcare system solve the problems associated with traditional system. Additionally, launch of advanced software solutions such as hospital information systems, patient management system, ambulatory care management systems, EMR, EHR, and e-prescribing system can drive the market in the coming years. High demand for e-healthcare system and increasing adoption of computerized physician order entry (CPOE), and medical record system is anticipated to boost the market during the forecast period. Furthermore, rise in use of advanced software solutions such as data mining, clinical trial management system and clinical decision system can have positive impact on the market.

Worldwide healthcare IT market can be segmented on the basis of application and region.

Based on application, the market can be categorized into electronic health records (HER), computerized provider order entry systems (CPOE), electronic prescribing systems, PACS, lab information systems, clinical information systems, telemedicine and telehealth, and others.

The telecommunication and telehealth segment estimated for over 40.0% share in 2013. Increasing demand for home healthcare facilities to avoid hospital stays and technological advancements such as session initiation protocol (SIP) and teleimmersive environment for everybody (TEEVE) are driving the segment growth.

Browse Research Report On Healthcare IT Market :
www.grandviewresearch.com/industry-analysis/healthcare-it-market

The electronic health records (EHR) segment is anticipated to reach valuation USD 26.72 billion in 2020. This growth can be associated with growing demand for integrated information system in the field of healthcare IT and quick accessibility and low maintenance cost are considered as the key driving factors driving the demand for EHR systems. The application of EHR is anticipated to grow at a CAGR of 14.6% due to its interoperability and user-friendliness. In addition, the information in the system can be used to take decisions related to patient’s health in an emergency situation.

Geographically, the market can be divided into North America, Europe, Asia Pacific, and Rest of the World.

In 2013, North America dominated the market and estimated for 49.0% of overall revenue. Availability of advanced healthcare infrastructure, favorable government efforts such as launch of EHR incentive program by the Medicaid and Medicare, and high healthcare spending, and high patient awareness are driving the growth in this region. As per report by U.S. Centers for Disease Control and Prevention (CDC) in 2011, the number of patients requiring home healthcare was approximately 4.7 million in the U.S. and is on rise. This is also expected to supplement the market growth.

In 2013, market in Europe was valued at over USD 11.6 billion. Presence of established infrastructure and growing number of private medical care service providers are the major drivers in the region.

Asia Pacific is likely to exhibit lucrative CAGR during 2013 to 2020. This can be attributed to growing healthcare expenditure, high prevalence of chronic diseases in geriatric and pediatric population, growing disposable income, and growing awareness regarding convenience and cost-effectiveness of these technologies.

Key companies operating in the market include E-MDS Inc.; GE Healthcare; Athenahealth Inc.; Philips Healthcare; and Carestream Health Mckesson Corporation.

Participants in the market are mainly adopting mergers and acquisitions and strategic collaborations to gain traction in the market. Major participants are trying to gain competitive advantage by capitalizing on available unexploited opportunities.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented the global healthcare IT market on the basis of application and region:

Healthcare IT Application Outlook (Market Revenue in USD Million, 2012 – 2020)

  • Electronic Health Records
  • Computerized Provider Order Entry Systems
  • Electronic Prescribing Systems
  • PACS
  • Lab Information Systems
  • Clinical Information Systems
  • Telemedicine and Telehealth
  • Others

Healthcare IT Regional Outlook (Market Revenue in USD Million, 2012 – 2020)

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

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-healthcare-it-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

MHealth Market Will Be Worth $49.12 Billion By 2020: Grand View Research, Inc.

 

The global mHealth market size is expected to reach USD 49.12 billion by 2020, growing at a CAGR of 47.6% from 2013 to 2020, according to a new report by Grand View Research, Inc. Monitoring services is expected to grow at an estimated CAGR of 49.7% from 2014 to 2020.

Growing aging population along with rising incidences of chronic diseases such as cancer, heart ailments, and diabetes is anticipated to drive market demand. Introduction of new generation connected medical devices; healthcare providers find it easy to offer medical services at reduced costs.

Browse full research report on mhealth market: www.grandviewresearch.com/industry-analysis/mhealth-market                                 

Growing need to maintain a secure infrastructure for data safety and security is anticipated to restrain mobile health market growth. On account of the increasing healthcare expenditures, affordability and availability of healthcare services is expected to pose a challenge to the mHealth industry.

The mHealth market can be segregated on the basis of services and participants. Services include healthcare systems strengthening, diagnosis services, monitoring services, and other services. Participants include content players, healthcare providers, device vendors and mobile operators.

mhealth-market
U.S. mHealth market by service (USD Million), 2012 – 2020

Monitoring services include chronic disease management, independent aging solutions, and post acute care services. Diagnosis services particularly, enable healthcare professionals to connect with patients for offering diagnosis of ailments as well as health related issues. Regulatory support is expected to drive the use of aforementioned services demand which further includes interoperability and standardization.

Mobile operators accounted for 48% of the overall market in 2012, with majority of their revenue originating from monitoring services such as independent aging solutions. Mobile operators offer varied solutions along with connectivity services which include health call centers, content-based wellness information, and mobile telemedicine. Device vendors are engaged in offering tools for transmitting captured information over mobile networks.

Driven by the need for accessible healthcare, the Asia Pacific market is expected to the fastest growing regional market, at an estimated CAGR of 49.1% from 2014 to 2020. Low penetration of medical practitioners and growing rural population in Asia Pacific region are expected to open avenues for revenue generation. Furthermore, North America is expected to hold a considerable share in global market over the forecast period on account of increasing health projects and high smartphones penetration.

Leading players emphasize on investment on research & development and strengthening competitiveness with the introduction of innovative solutions. Key players include AT&T, Vodafone, Apple, Allscripts Healthcare Solutions, Qualcomm Inc., and Samsung Electronics Corporation and mQure.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare                                                                                                                                                                   Grand View Research has segmented the global mHealth market on the basis of services, participants and region:

mHealth Services Outlook (Revenue, USD Million, 2012 – 2020)

  • Monitoring Services
    • Independent Aging Solutions
    • Chronic Disease Management
    • Post Acute Care Services
  • Diagnosis Services
  • Healthcare Systems Strengthening Services
  • Others

mHealth Participants Outlook (Revenue, USD Million, 2012 – 2020)      

  • Mobile Operators
  • Device Vendors
  • Content Players
  • Healthcare Providers

mHealth Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • UK
  • Asia Pacific
    • Australia
    • India
    • China
    • Japan
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mHealth-market                                                                     

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Boosting Demand Of Wireless Health Market Due To Rising Healthcare Expenditure Prompting Cost-Cutting Initiatives Till 2025

 

The global wireless health market size is expected to reach USD 315.4 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 23.5% CAGR during the forecast period. Increase in number of eHealth initiatives worldwide, increase in penetration of smartphones and Internet connectivity, and growth in the trend of self-disease management are some of the factors boosting market growth. Growing trend toward use of wearable devices for monitoring physical parameters, such as sleep, blood pressure, heart rate, and physical activity, is also driving the wireless health market.

Growing geriatric population and subsequent rise in chronic disease burden is also driving the market. According to The Wall Street Journal, there has been an increase in usage of digital medicine, which enables management of chronic conditions such as diabetes, heart diseases, and respiratory diseases. Moreover, these digital medicines are cost-effective alternatives to traditional disease management.

north-america-wireless-health-market.png

Shifting trend toward value-based care is another factor contributing to the growth of the wireless health market. At present, some of the telehealth services, such as consulting a doctor via video connection, are reimbursed by CMS. Use of digital services such as various platforms for health management has promoted the development of various applications for managing diabetes, heart diseases, and asthma. Use of applications for chronic disease management, fitness tracking, supporting medication adherence, preventing hospital readmissions, symptom tracking, and managing mental and behavioral health are on the rise.

Browse full research report on Wireless Health Market: www.grandviewresearch.com/industry-analysis/wireless-health-market                       

Further key findings from the study suggest:                     

  • Wireless Personal Area Network (WPAN) emerged as the largest technology segment and Wireless Wide Area Network (WWAN) is anticipated to witness the fastest growth over the coming years
  • Software emerged as the largest component segment owing to rise in number of research initiatives. The services segment, on the other hand, is anticipated to expand at the fastest CAGR of 24.7%
  • Patient-specific applications emerged as the largest segment owing to increase in adoption and rise in research initiatives for developing them to manage individual health
  • The patient segment accounted for the largest revenue share in terms of end use owing to increase in use of health and fitness applications by people around the world
  • Themarket is highly fragmented with participants such as IBM; Allscripts; Cerner Corporation; Omron Corporation; Koninklijke Philips N.V.; Epic Systems Corporation; and Evolent Health, Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare                                                                                                                                                                   Grand View Research has segmented the global wireless health market report on the basis of technology, component type, application, end use, and region:

Wireless Health Technology Outlook (Revenue, USD Billion, 2014 – 2025)

  • WLAN/Wi-Fi
  • WPAN
  • WiMAX
  • WWAN

Wireless Health Component Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Software
  • Hardware
  • Services

Wireless Health Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Patient-specific
    • Physiological monitoring
    • Patient communication and support
  • Provider specific

Wireless Health End-use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Providers
  • Payers
  • Patients/Individuals

Wireless Health Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • SouthAfrica

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-wireless-health-market                                                                                                                                               

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Hormonal Contraceptive Market Will Be Worth $26.2 Billion By 2025: Grand View Research, Inc.

 

The global hormonal contraceptive market size is expected to reach USD 26.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.0% during the forecast period. Introduction of innovative products in the market and growing awareness about reproductive and sexual health in emerging regions are likely to drive the market in the coming years.

Pill, Intrauterine Devices (IUD), injectable, vaginal rings, implants, and patches are various methods used for hormonal contraception. Hormonal contraception methods act on the endocrine system to prevent ovulation.

us-hormonal-contraceptive-market-report.png

Increasing number of women in developing economies are using contraceptives due to rise in government initiatives and programs, which is anticipated to accelerate market growth. For instance, according to the UN, approximately 64.0% of women between 15 and 49 years of age were using some form of family planning in 2015, be it traditional or modern. This figure stood at 36.0% in 1970.

The number of unintended pregnancies annually is highest in U.S., which is about 3 million. Hence, the Center for Medicaid and CHIP Services (CMCS) established a Maternal and Infant Health Initiative for the Medicaid and Children’s Health Insurance Program (CHIP) program to promote use of effective methods of contraception and help women avoid such pregnancies.

Browse full research report on Hormonal Contraceptive Market: www.grandviewresearch.com/industry-analysis/hormonal-contraceptive-market               

Further key findings from the study suggest:                     

  • Increasing demand for contraceptive methods can be attributed to growing awareness about pills and devices, increasing significance of family planning, and supportive government regulations improving access to these products
  • In 2016, pills accounted for the largest share in the market as they are convenient to use and exhibit more than 99.0% effectivity when accurately consumed. Furthermore, ease of availability, fewer adverse effects, and large number of players operating in the market can be attributed to this share
  • The IUD segment is expected to witness the fastest growth during the forecast period. This can be attributed to entry of new devices in the market over the recent past, availability of long-acting reversible birth control methods, and more than 99.0% effectivity
  • Geographically, North America held the largest share in 2016 and is anticipated to maintain its dominance during the forecast period due to local presence of market players, high per capita income, and supportive government initiatives
  • Asia Pacific is estimated to witness the fastest growth during the forecast period due to high unmet need, expected increase in coverage during the next 15 years, and increasing number of women of reproductive age
  • Some of the key players operating in the market are Teva Pharmaceuticals Industries Ltd.; Bayer AG, Merck & Co. Inc.; Pfizer, Afaxys, Inc.; Agile Therapeutics; Allergan; and Apothecus Pharmaceutical Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare                                                                                                                                                                   Grand View Research has segmented the global hormonal contraceptive market on the basis of method and region:

Hormonal Contraceptive Method Outlook (Revenue, USD Million, 2014 – 2025)

  • Pill
  • Intrauterine Devices (IUD)
  • Injectable
  • Vaginal Ring
  • Implant
  • Patch

Hormonal Contraceptive Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-hormonal-contraceptive-market                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com