Healthcare Industry News

According to the United Nations Department of Economic and Social Affairs (UNDESA), the number of people aged 65 years or more will grow from 727 million in 2020 to around 1.5 billion by 2050.  The U.S. Census Bureau forecasts that the global population of men aged 55–59 years will reach 222,508,188; men within the age group 60–64 years will rise to 198,506,354; and men in the age bracket 65–69 years will surge to 160,741,527 by 2030.  As elderly men are highly vulnerable to benign prostatic hyperplasia (BPH), the surging population of geriatric men will help the benign prostatic hyperplasia treatment market flourish during 2021–2030. According to P&S Intelligence, the market revenue will surge from about $10 billion in 2020 to around $17 billion by 2030. BPH or prostate gland enlargement occurs due to bladder or prostate cancer, kidney or bladder stones, urinary tract infections (UTI), scarring in the bladder neck caused due to previous surgeries, urethral stricture, and ...

A number of factors such as the increasing incidence of burns, growing disposable income, burgeoning geriatric population, rising cases of road accidents, and growing prevalence of skin diseases will help the topical scar treatment market exhibit a CAGR of 7.7% during 2021–2030. According to P&S Intelligence, the market revenue stood at $701.6 million in 2020, and it will reach $1,451.1 million by 2030. In recent years, the burgeoning demand for silicone-based scar treatment products has become a prominent industry trend. The rising prevalence of burn injuries is one of the primary growth drivers of the market, as scars are often formed due to skin damage caused owing to burns. According to the WHO, approximately 180,000 burn-related deaths are caused every year, globally. Nearly two-thirds of these deaths are recorded in the African and SEA regions. As per an article published in the Experimental and Therapeutic Science Journal in April 2019, over 10 million people in China suffer...

When a child is born before two months or more, there is an augmented chance they will have a condition called retinopathy of prematurity, characterized by the development of irregular blood vessels in the retina of the fetus. Although numerous cases of ROP are mild, with very little influence on vision, there are more aggressive cases resulting in eye damage or even loss of sight. What Is ROP? The retina lines the hind portion of the eye, where it captures info in form of light and sending it to the brain, which systematizes and translates the info into an image. When in the womb, eyes of the baby start developing between the 5th and 8th months of gestation, ultimately leading to the complete formation of the retina, and all the other parts of the eye. The fetal retina starts to grow blood vessels at around the 16th week of pregnancy and will endure to grow throughout the pregnancy. What It Means for My Child Numerous children with ROP have mild impact and will see usually. Though, pr...

 With the increasing prevalence of various chronic diseases and the surging costs of healthcare and patient care across the world, the demand for healthcare insurance is growing rapidly. A healthcare insurance covers the surgical and medical expenses incurred during the treatment of the insured individual. Moreover, a healthcare insurance can reimburse the various expenses incurred during the treatment of the injury or illness or directly pay the healthcare providers for the treatment of the insured person. On the other hand, disease insurance is used for covering the expenses incurred during the treatment of specific diseases, injuries, and illnesses such as cancer, paralysis, heart attack, sclerosis, kidney failure, and coma. This insurance provides coverage in cases of different medical events or disease diagnosis. Under the income protection policy, a fixed and regular replacement of income is provided if the insured individual is not able to work because of an illness or injur...

 The Bureau of Economic Analysis (BEA), the U.S. Department of Commerce, states that the personal disposable income of the U.S. populace increased from $17,595.7 billion in the third quarter (Q3) in 2020 to $18,174.1 billion in Q3 of 2021. Likewise, the Reserve Bank of India (RBI) states that the gross national disposable income of the people of India grew from INR 1,92,62,652 crore in the financial year (FY) 2018–2019 to INR 2,06,30,319 crore in the FY 2019–2020. The soaring disposable income of people is encouraging them to use advanced technologies to improve their physical experience.  Thus, the rising disposable income along with the growing geriatric population will help the facial skin ablative treatment market exhibit a CAGR of 7.8% during 2020–2030. According to P&S Intelligence, the market was valued at $4,134.6 million in 2019 and it will generate $8,394.3 million revenue by 2030. As aging causes wrinkles and fine lines, old people are one of the prominent user...

 The soaring production and trade of illicit drugs across the world are some of the biggest factors fuelling the demand for at-home drug of abuse (DOA) testing kits. As per the United Nations Office on Drugs and Crime (UNODC), the total amount of opium produced in Afghanistan was found to be 9,000 metric tons in 2017, registering a rise of 87.0% from the previous year. The land area under opium poppy cultivation recorded a 63% increase from 2016 to 2017, rising from 201,000 hectares to 328,000 hectares during that period. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/at-home-doa-testing-market/report-sample The other important reason behind the rising usage of at-home DOA testing is the rising utilization of illicit drugs amongst teenagers throughout the world. As per the statistics provided by Centers for Disease Control and Prevention (CDC), tobacco, marijuana, and alcohol are the most common substances abused by adolescents across the glob...

 According to the World Health Organization (WHO), around 900 million people are affected by skin disorders worldwide, at any point in time. The organization also states that skin diseases are among the most common health ailments in the world. Warts, pyoderma, acne, scabies, and eczema are some of the most prevalent skin disorders across the globe. Furthermore, acne and freckles affect most of the U.S. population. According to the National Eczema Association, around 31.6 million people in the U.S. were affected by at least one form of eczema in 2019. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/dermatology-drug-market/report-sample Due to an escalation in the cases of skin problems, the healthcare system has come up with an array of drugs, which include Humira, Otezla, Enbrel, Neoral, Cubicin, Canesten, Dupixent, Valtrex, Remicade, Stelara, Cosentyx, Taltz, Zyvox, Protopic, and Eucrisa. Of these, dermatologists across the world have begun to...

 As per a report by P&S Intelligence, the Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020–2030). The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019.   Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/hong-kong-wound-care-market/report-sample Advanced wound dressing is highly advantageous for traumatic injuries that are severe and need prompt medical attention to reduce the patient’s susceptibility to infections. Moreover, this dressing type regulate the moisture level and absorb exudate around the wound, and hence protects the wound base and the tissue around it. The advanced division is ...

Medical coding is being adopted at a large scale to deal with the frequent occurrence of insurance fraud in the healthcare industry. The increasing incidence of insurance frauds is leading to excessive financial losses. By using medical coding and billing standards, uniform checklists are generated that are to be cited when processing claims. Any irregularity in these checklists enables the concerned authority to spot frauds before the submission of the document to an insurance company. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/medical-coding-market/report-sample Moreover, the soaring need to modernize hospital billing procedures will increase the medical coding market size from $15.2 billion in 2019 to $42.4 billion by 2030. According to P&S Intelligence, the market will progress at a CAGR of 9.6% during 2020–2030. Medical billing procedures have become more effective since the arrival of medical coding systems, particularly the Curren...

The increasing establishment of non-profit organizations in several countries is one of the major factors responsible for the rise in the demand for practice management systems across the world. As per the data published by the American Hospital Association (AHA) in 2018, the U.S. was home to more than 5,500 hospitals that year, out of which almost 2,500 were non-profit organizations. The increasing development of small and medium hospitals in various states across the U.S. is expected to further push the demand for practice management systems in the country.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/practice-management-systems-market/report-sample Due to the above-mentioned factors, the worth of the worldwide sales of practice management systems is expected to rise from $9.3 billion in 2017 to $16.0 billion by 2023. The global practice management systems market is predicted to exhibit a CAGR of 9.7% during the forecast period (2018–2023...