Posts

The Growing Demand for ERCP: Key Trends and Market Insights

By -
Image
The global Endoscopic Retrograde Cholangiopancreatography (ERCP) market is witnessing substantial growth due to the increasing prevalence of pancreatic and biliary disorders. In 2024, the market was valued at USD 1.72 billion , and it is projected to reach USD 3.41 billion by 2032 , growing at a CAGR of 8.92% during the forecast period. ERCP is a vital minimally invasive procedure that helps in diagnosing and treating conditions affecting the bile and pancreatic ducts . It is commonly used for managing gallstones, bile duct strictures, pancreatic cancer, and other related disorders . With the rising incidence of these conditions, the demand for advanced diagnostic and therapeutic solutions continues to surge. Technological Advancements Fuel Market Growth One of the key drivers of the ERCP market is technological innovation . The introduction of AI-powered endoscopic imaging, improved duodenoscopes, advanced guidewires, and precision sphincterotomes has significantly enhanced th...
Post a Comment
Read more

How are Medical Coding Systems Reducing Occurrence of Insurance Frauds?

By -
Image
The rising prevalence of insurance frauds in the healthcare industry is propelling the demand for medical coding solutions around the world. These insurance frauds cause huge financial losses amounting to billions of dollars, according to the observations of the National Health Care Anti-Fraud Association (NHCAA). In the U.S., nearly $3.6 trillion was spent on various healthcare services including expenditure for healthcare services and goods, net cost of health insurance, public health activities, and investments related to healthcare, in 2018.  The adoption of medical coding solutions and billing standards allows medical billers to create uniform checklists that are to be strictly followed as per the process claims. Moreover, the presence of various irregularities and inconsistencies in these checklists allows medical billers to spot frauds before the submission of the document to an insurance firm. Apart from the growing incidence of insurance frauds, the rising requirement for...
Post a Comment
Location: 5Q4FRHV2+H4
Read more

Endoscope Reprocessing Market Size, Business Opportunities and Top Manufacture

By -
Image
 In 2021, the global endoscope reprocessing market was worth around $1,879.9 million, and it is predicted to hit $4,358.1 million by 2030, progressing at a 9.8% CAGR from 2021 to 2030. This is primarily due to the growing preference for minimally invasive treatments, increasing danger of infection by contaminated endoscopes, and rising stringency of the rules governing medical device safety on a global scale. To avoid the complications and extra costs related to the different services offered under contracts with medical equipment manufacturers, end users are increasingly entering into multi-vendor contracts with ISOs. For example, customers may combine all of NovaMed Corporation's services under a single contract, owing to its extensive service management program. With an estimated contribution of $1.0 billion, North America leads the endoscope reprocessing market. This is due to the region's advantageous reimbursement policies, increase in cancer incidence, and demand for les...
Post a Comment
Read more

Increasing Number of MRI Tests Fueling Sales of MRI Compatible Patient Monitoring Systems

By -
Image
The increasing number of magnetic resonance imaging (MRI) exams being done in several countries is pushing up the demand for MRI compatible patient monitoring systems across the world. As per the Commonwealth Fund’s Annual International Profiles of Health Care Systems, France, the U.S., and Germany were the three biggest countries that observed the highest number of MRI tests per 1,000 people in 2014. The U.S., France, and Germany witnessed 109.5, 95.5, and 114.3 MRI tests respectively in that year. Browse full report with Table of Content - MRI Compatible Patient Monitoring System Market Apart from the aforementioned factor, extensive research and development (R&D) activities being conducted in MRI compatible patient monitoring systems in various countries and frequent product launches are also fueling the advancement of the industry across the globe. Additionally, the increasing public awareness about healthcare and advanced medical technologies and the soaring implementation of ...
2 comments
Location: County Rd 523, Beeler, KS 67518, USA
Read more

How is Surging Prevalence of Chronic Pain and Neurological Disorders Driving Nerve Repair and Regeneration Market?

By -
Image
The prevalence of neurological disorders and chronic pain is increasing rapidly at the present time across the globe. Depression, fecal incontinence, epilepsy, Parkinson’s, and Alzheimer’s are the different kinds of neurological disorders. As per the Alzheimer’s Association, about 5.35 million people aged 65 years and above were suffering from Alzheimer’s diseases in the U.S. in 2015. Apart from this, as per the Parkinson’s Diseases Foundation, nearly 60,000 new cases of Parkinson’s disease are reported each year in the U.S. Attributed to these reasons, the demand for efficient medical technologies, such as neuromodulation and neurostimulation devices, is increasing rapidly. Furthermore, the nerve repair and regeneration market is witnessing significant growth due to the surging geriatric population. The generation of new axon, glial cells, neurons, and myelin is referred to as nerve repair and regeneration. The process helps in the replacement of damaged nerve cells, cellular produ...
Post a Comment
Read more

Why is Europe Biggest In Vitro Fertilization Devices and Consumables Market?

By -
Image
The declining fertility rate, rising prevalence of delayed pregnancy, increasing disposable income, and growing awareness about in-vitro fertilization (IVF) treatment options are driving the IVF devices and consumables market. It gathered a revenue of $1.6 billion in 2016, and it is expected to grow at a 17.9% CAGR during the forecast period (2017–2023). The artificial fertilization of an ovum in a laboratory setting to be later implanted into the uterus is termed as in-vitro fertilization. The key driving factor for the IVF devices and consumables market is the rising infertility rate, worldwide. In developing nations, one in every four couples is affected by infertility. As per the World Bank, the fertility rate came down to 2.4 in 2015 from 4.7 in 1970. Smoking, which has a negative impact on health, is a major cause of infertility. Smoking reduces the chances of pregnancy in women by 50.0%. The Human Reproduction Journal of the Oxford Press said that about 7.7 million women will be...
Post a Comment
Read more

Rising Cancer Prevalence Driving Nuclear Imaging Equipment Market

By -
Image
Across the globe, the population of the elderly is increasing at a high rate. The United Nations, in its latest World Population Ageing report, estimated that 703 million people on earth were more than 65 years old in 2019, and that their population will touch 1.5 billion by 2050.  Single-positron emission computed tomography (SPECT), hybrid positron emission tomography (PET), and planar scintigraphy are the various nuclear imaging techniques. Among these, the highest demand in the past has been for SPECT scanners, as they are widely used to asses the severity of brain injury, where CT and magnetic resonance imaging (MRI) have certain limitations, especially in detecting the flow of blood in the veins and arteries. In the coming years, hybrid PET systems are expected to witness the most rapidly increasing demand. Across the world, North America has been the largest user of nuclear imaging, as it accounts for extremely high cancer and cardiovascular disease rates. As such t...
3 comments
Location: Twp Rd 162, Pasqua, SK S0G 5M0, Canada
Read more