CMI_LatestReportOrientedBlogs

Hospital Capacity Management Systems Market The global Hospital Capacity Management Systems market is anticipated to witness robust growth owing to increasing need for real-time monitoring of bed occupancy and patient flows. Hospital Capacity Management Systems help healthcare organizations to efficiently manage patient admissions, transfers, and discharges. They provide real-time information on bed availability, occupancy levels, patient case mix and length of stay. This enables hospitals to optimize their capacity and allocate resources effectively. Growing investments in digitalization of healthcare coupled with need to improve operational efficiency are driving the demand for such systems. The global Hospital Capacity Management Systems market is estimated to be valued at US$ 1447.49 Bn in 2024 and is expected to exhibit a CAGR of 39% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Hospital Capacity Management Systems are AOC Resins, Ashland I

Medical Coding Market Medical coding provides a uniform language that accurately describes medical diagnoses and procedures performed by healthcare providers globally. It facilitates billing, reimbursement, data analysis, and medical research. Unlike other industries, the healthcare sector uses medical coding to process claims, provide data for research, calculate risk adjustments, assess quality and performance, and conduct many other administrative and analytical functions. The global Medical Coding Market is estimated to be valued at US$ 23365.61 million in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising demand for medical billing and reimbursement services has accelerated the growth of the medical coding market over the forecast period. Medical coding plays a crucial role in the billing and reimbursement process by accurately assigning codes

Pet Insurance Market Pet insurance provides coverage for veterinary care and helps in mitigating the cost of unplanned medical bills for pets. It is a financial safety net for pet owners to care for their pets throughout illness or injury. The global Pet Insurance Market is estimated to be valued at US$ 9.59 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising pet adoption rates across the globe have accelerated the growth of the pet insurance market over the past few years. According to the APPA National Pet Owners Survey, nearly 35% of U.S. households adopted a new pet in 2020. The same trend has been witnessed across other regions such as Europe and Asia Pacific. Moreover, with increasing awareness about pet wellbeing and healthcare, more pet owners are willing to invest in pet insurance. Additionally, the availability of multi-pet discounts and

Oncology Information Systems Market  Oncology information systems (OIS) are specialized medical software used for oncology practices to manage patient care, billing, treatment plans, and more. OIS help streamline complex workflows by integrating scheduling, billing, clinical management, and reporting functionalities into a unified system. This allows care teams to save time navigating between multiple systems while providing personalized care plans and coordinated treatment for cancer patients. The global Oncology Information Systems Market is estimated to be valued at US$ 8.19 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity to improve patient care lies at the core of Oncology Information Systems market growth. By accessing comprehensive patient histories, treatment plans, medical imaging and test results digitally through OIS, oncolog

Veterinary Services market The Veterinary Services market is estimated to be valued at US$ 112626.87 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Veterinary services include various medical services and products which provide care for animals. It involves diagnosis, treatment and preventive care for pets and livestock. Veterinary services play a vital role in maintaining health of animals and preventing spread of zoonotic diseases. With rising pet ownership and humanization of pets, demand for veterinary care is increasing significantly. Market key trends: One of the key trends driving the veterinary services market growth is rising pet ownership. Increasing disposable incomes and changing social norms have led to more households adopting pets. According to the American Pet Products Association (APPA), U.S household pet ownership has grown from 65%

Healthcare Erp Market Market Overview: Healthcare ERP solutions help to manage finance, supply chain, operations, and billing activities in healthcare organizations. It provides real-time visibility into business operations, allowing healthcare administrators to make datadriven decisions to improve business processes. Market key trends: One of the key trends in the healthcare ERP market is the growing adoption of cloud-based ERP systems. Cloud computing offers various advantages like no upfront infrastructure cost, scalability, easy updates & upgrades, and increased collaboration. Moreover, cloud deployment makes ERP systems more affordable for small and medium healthcare organizations. This is expected to drive the demand for cloud-based healthcare ERP solutions during the forecast period. Segment Analysis Healthcare ERP market is segmented based on component, deployment model, end user and geography. By component, the market is segmented into software and services. Services segm

Medical Terminology Software Market The global Medical Terminology Software Market is estimated to be valued at US$ 1.41 Bn in 2023 and is expected to exhibit a CAGR of 17.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Medical terminology software assists medical organizations by providing them computer applications that help them manage and process clinical information. It allows medical practitioners to have a universal language to communicate accurate data. Such software improves clinical documentation, coding and billing processes, and also helps in reducing medical errors. Market key trends: One of the key trends in the global medical terminology software market is the growing adoption of electronic health records. Electronic health records help in managing health information electronically and securely. Medical terminology software maps clinical terms to standardized clinical vocabularies and

Laboratory Informatics Market The Laboratory Informatics Market is estimated to be valued at US$3,031.4 Mn in 2021 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Laboratory Informatics market refers to the adoption of information systems and software solutions to improve the efficiency and accuracy of laboratory operations. This includes the management and analysis of data generated in various laboratory processes such as sample tracking, data integration, data visualization, and more. The market encompasses various products and solutions such as laboratory information management systems (LIMS), electronic laboratory notebooks (ELN), laboratory execution systems (LES), and scientific data management systems (SDMS). These solutions find applications across various research and development laboratories, biotechnology and pharmaceutical companies, clinical laboratorie

U.S. Home Healthcare Market Market Overview: The U.S. Home Healthcare Market is estimated to be valued at US$ 22.14 Bn in 2022 and is expected to exhibit a CAGR of 6.3% over the forecast period. Home healthcare services encompass a wide range of medical and non-medical services provided in the comfort of patients' homes. These services include skilled nursing care, personal care assistance, rehabilitation therapies, and medical equipment management. With the increasing elderly population, rising prevalence of chronic diseases, and the preference for cost-effective healthcare options, the demand for home healthcare services is expected to witness significant growth in the coming years. Market Dynamics: The U.S. Home Healthcare Market is driven by the following factors: 1. Increasing Aging Population: The aging population in the U.S. is on the rise, leading to a greater need for home healthcare services. Elderly individuals prefer to receive healthcare services in the comfort o

Surgical Navigation System Market Market Overview: The Surgical Navigation System Market is estimated to be valued at US$ 673.1 million in 2017 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023–2030 during the forecast period, as per the report by Coherent Market Insights. Surgical navigation systems are revolutionary devices that aid surgeons in navigating through complex surgical procedures. These systems provide real-time imaging and tracking, enhancing surgical precision and efficiency. They are extensively used in neurosurgery, orthopedic surgery, spinal surgery, and ENT surgery. With the increasing number of minimally invasive surgeries and advancements in technology, the demand for surgical navigation systems is expected to grow significantly. Market Dynamics: The surgical navigation system market is driven by several factors. Firstly, the rise in the geriatric population, which is more prone to chronic diseases and requires complex surgeries, is contri

  Market Overview: The global Healthcare Revenue Cycle Management (HRCM) market is estimated to be valued at USD 115.64 billion in 2023 and is expected to exhibit a CAGR of 11.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Healthcare Revenue Cycle Management is a system that encompasses the financial aspects of patient care, from registration and scheduling to billing and payment collection. It helps healthcare providers streamline their billing and payment processes, reduce administrative costs, and improve revenue collection. The need for efficient revenue cycle management solutions is growing due to the rising complexity of healthcare billing systems, increasing healthcare costs, and the need for accurate and timely reimbursement. Market Key Trends: One key trend in the Healthcare Revenue Cycle Management market is the increasing adoption of cloud-based solutions. Cloud-based HRCM solutions offer several advantages, i

Virtual ICU Market The global Virtual ICU Market is estimated to be valued at US$ 4.85 billion in 2022 and is expected to exhibit a CAGR of 7.3% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Virtual ICU refers to the use of advanced technology to remotely monitor ICU patients. It encompasses the use of telemedicine, real-time data analytics, and artificial intelligence to enhance patient care and outcomes. With the increasing demand for ICU beds and the shortage of intensivist physicians, virtual ICU solutions are gaining popularity in healthcare facilities worldwide. These solutions enable round-the-clock monitoring, early identification of deteriorating patients, and timely interventions, thereby reducing mortality rates and improving patient outcomes. B) Market Dynamics: The virtual ICU market is driven by two primary factors. Firstly, technological advancements have revolutionized healthcare, allowing

  U.S. Healthcare Staffing Market The U.S. Healthcare Staffing Market is estimated to be valued at US$ 20,626.2 million in 2022 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The U.S. Healthcare Staffing Market refers to the process of hiring and retaining medical professionals to meet the growing healthcare demands. With the increasing advancements in medical technology and the aging population, the need for skilled healthcare professionals is on the rise. The market includes services such as temporary staffing, locum tenens, travel nursing, and home healthcare staffing. B) Market Dynamics: 1. Increasing demand for skilled medical professionals: The U.S. healthcare industry is experiencing a shortage of healthcare professionals, creating a high demand for temporary staffing and locum tenens. This shortage is due to factors such as an aging workforce, retire