#Wound Care Revenue Recovery Services

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In the complex landscape of healthcare revenue cycle management, specialized fields like wound care require tailored strategies to optimize billing and coding processes. Effective revenue cycle optimization in wound care not only ensures financial stability for healthcare providers but also enhances patient care outcomes.

[bhushans]

Beyond Borders: The Global Topical Wound Agents Market Offers Hope for Millions

The global topical wound agents market is anticipated to see nearly quadruple revenue growth over the next ten years, indicating a robust growth trajectory. The market is expected to rise at a strong compound annual growth rate (CAGR) of 6.6% throughout the projected period, from USD 1,856.6 million in 2023 to an astounding USD 3,520.0 million by 2033, according to latest predictions.

Topical wound care products are essential for the treatment and recovery of many kinds of wounds, such as burns, surgical wounds, and chronic wounds. These products—which come in the form of gels, creams, ointments, and sprays—are crucial for encouraging quicker healing, avoiding infections, and enhancing patient outcomes.

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The global market for topical wound agents has shown significant expansion due to the rising prevalence of chronic wounds in all age groups. Manufacturers of topical wound agents have a vast market potential because to the large number of patients with both acute and chronic wounds.

Furthermore, in order to increase and increase their market share, the leading players in the topical wound agents market are primarily focused on undertaking research and development to expedite the discovery of new pharmaceuticals. Growing patient awareness and improved access to healthcare services in developing countries are expected to support the topical wound agent market expansion.

Key Takeaways:

The global topical wound agents market is projected to reach a value of US$3,520.0 million by 2033, reflecting a significant increase from US$1,856.6 million in 2023.

This growth is anticipated at a steady compound annual growth rate (CAGR) of 6.6% throughout the forecast period.

The rising demand for effective wound management solutions and the advantages of topical wound agents over traditional options are key drivers for market expansion.

Competitive Landscape:

How Strong Is the Competition in the Topical Wound Agents Industry?

To increase the sales of topical wound treatments, companies in the industry are concentrating on creating novel dosage forms.

Prominent businesses are using a range of strategies, such as product launches and mergers and acquisitions, to increase their market share.

Recent developments Observed by FMI:

The acquisition of SastoMed, a Danish provider of wound care, was announced by Mölnlycke, a leading medical solutions provider, in 2021.

This acquisition aimed to increase Mölnlycke’s selection of cutting-edge wound care products, particularly topical wound agents.

Sundance Solutions, a global leader in creating cutting-edge strategies for the prevention of pressure ulcers, was bought by Mölnlycke Healthcare in February 2016.

It was anticipated that this acquisition might increase its product portfolio for the treatment of pressure ulcers and boost market share.

Bausch Health introduced a topical lotion called DUOBRII, and it recently got FDA approval.

Halobetasol propionate and tazarotene are combined in this lotion, making it safe for prolonged usage.

Key Players in the Global Market:

Teva Pharmaceutical Industries Ltd.

Novartis AG

Pfizer Inc.

Johnson & Johnson

Mylan N.V.

AstraZeneca Plc.

Topical Wound Agents Market Segmentation:

By Drug Type:

NSAIDS

Antiseptics

Antibiotics

Others

By Dosage Forms:

Creams

Lotions

Powders

Emulsions

Gels

Others

By Distribution Channel:

Hospital Pharmacies

Retail Pharmacies/Drugstores

E-commerce

By Region:

North America

Latin America

Europe

Asia Pacific

The Middle East & Africa (MEA)

[industryforecastnews]

Burn Care Centers Market Size To Reach USD 31.9Bn By 2030

Burn Care Centers Market Growth & Trends

The global burn care centers market size is expected to reach USD 31.9 billion by 2030, as per a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 4.2% from 2023 to 2030. The increasing global caseload is responsible for nearly 180,000 mortalities each year, as per the WHO. The majority of these incidences and accidents occur in lower-middle-income countries in the Asia Pacific and Latin American regions. The current market is witnessing an overall increase in the cost of care, which is a major driver behind the growth of the market.

According to an article published on UpToDate, burns rank 4th in the common types of trauma, on a global level. It also states that low-middle income countries despite having high incidences of trauma, severely lack the necessary infrastructure and means to manage these patients. Another article published in Annals of Burns and Fire Disasters states that treatment and care in most of these countries are often delayed. Rural areas are more severely impacted due to the lack of proper medical facilities. For instance, in Ghana, only 48% of Pediatric injuries are treated at modern healthcare facilities.

In the facility type, the in-hospital type held the largest revenue share of more than 51.1% in 2022. The majority of developing and underdeveloped nations have a scarcity of specialized treatment units, due to which the patient load or volume goes to in-hospital settings. In these countries, the cost of care at specialized treatment units is much higher and is another reason why in-hospital settings record the majority of admissions. However, the stand-alone centers are forecasted to see a surge in growth rate. This can be credited to the growing need for the quality of care and management of patients that these units are capable of delivering.

In the treatment type, the largest revenue share was held by the wound-debridement section. It is the standard procedure in case of all injuries, this not only helps in avoiding infections but also promotes faster healing resulting in better outcomes. The highest growth potential has been exhibited by the pain management section for treatment type. Pain management in patients has come to be of paramount importance even when deciding the kind of wound dressing to be used for the patient. The pain during the healing process can have severe psychological implications due to which the recovery can be hampered, this is a primary driver for growth in this treatment type. A research article published in the Burns journal stated that the patient population studied considered several important factors while considering the type of dressing, nearly 80% responded with pain-free dressings as the most important characteristic.

The partial-thickness burns segment held the largest revenue share in 2022. The majority of the cases fall into the category of less than 10% TBSA. Partial-thickness wounds if not treated timely and properly can fester into infections and can turn fatal. The fastest growth is to be exhibited by the full-thickness burns and require management at specialized medical centers which are capable of providing advanced surgical and non-surgical interventions in care management. The in-patient services segment held the largest revenue share in 2022, owing to the increasing cost of treatment. There has been an overall decline in the annual number of cases, especially during COVID and otherwise as well. Workplaces have fire-safety norms in place to better manage situations to avoid accidents. The cost of care, however, has risen, and thus the market is growing. It is expected to grow lucratively during the forecast period.

North America accounted for the majority revenue share of over 44.1% in 2022. The region has the largest number of specialized burn care units, totaling to 120, across the U.S., many of which are verified by the American Burn Association. The reimbursement plans for patients also significantly support the growth of the North American market. The fastest growth however is being seen in the Asia Pacific region. This can be attributed to the improving healthcare infrastructure due to increased healthcare spending. As per World Bank data, East Asia and Pacific’s annual healthcare spending in 2019 was 6.7% of the region’s GDP, higher than the 2018 value.

The lack of proper resources has also been providing a necessary push to the concerned authorities to bring about the formation of specialized treatment units in the region’s countries. The above-listed reasons are contributing significantly to the growth of the market. There was an overall decline in the number of patients going to burn care units in hospitals or burn centers, the major focus was on the COVID-19 pandemic. However, due to global lockdowns and cross-border trade restrictions, the cost of materials and amenities shot up, ultimately increasing the overall cost of care being delivered to burn patients across the globe.

Request a free sample copy: https://www.grandviewresearch.com/industry-analysis/burn-care-centers-market  

Burn Care Centers Market Report Highlights

The market revenue is expected to reach USD 31.9 billion by 2030. The increasing need to find specialized care for burn patients is driving the market

The in-hospital segment bagged the largest revenue share owing to the limited number of specialized units

The pain management segment is anticipated to emerge as the fastest-growing treatment type for burn patients across the globe

Burn Care Centers Market Segmentation

Grand View Research has segmented the global burn care centers market based on facility type, procedure type, burn severity, service type, and region:

Burn Care Centers Facility Type Outlook (Revenue, USD Million, 2016 - 2030)

In-hospital

Standalone

Burn Care Centers Procedure Type Outlook (Revenue, USD Million, 2016 - 2030)

Wound debridement

Skin graft

Wound management

Respiratory intubation and ventilation

Pain management

Blood transfusion

Infection control

Rehabilitation

Burn Care Centers Burn Severity Outlook (Revenue, USD Million, 2016 - 2030)

Minor Burns

Partial Thickness Burns

Full Thickness Burns

Burn Care Centers Service Type Outlook (Revenue, USD Million, 2016 - 2030)

Inpatient

Outpatient

Rehabilitation

Burn Care Centers Regional Outlook (Revenue, USD Million, 2016 - 2030)

North America

U.S.

Canada

Europe

Germany

U.K.

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Australia

South Korea

Latin America

Mexico

Brazil

Argentina  

Middle East & Africa   

South Africa

Saudi Arabia

UAE

List of Key Players in the Burn Care Centers Market

LAC+USC Medical Burn Center

Weill Cornell Medicine William Randolph Hearst Burn Center

Temple University Hospital Adult Burn Center

Parkland Memorial Hospital Regional Burn Center

Medstar Washington Hospital Center

UMC Lions Burn Center

Burn and Reconstructive Centers of America

Pediatric Burn Care Center (The General Hospital Corporation)

University of Rochester Medical Center

Chelsea & Westminster Hospital

St. Barnabas Burn Center

National Burns Center

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/burn-care-centers-market  

[martinhealthactivist]

Swing Beds : Different Providers : Providers : Field Butte General Hospital

In Illinois CAH Network’s 2019 Swing Bed Study, more than a 3rd of their CAHs attributed 20% of revenue to swing beds. And, practically one-fifth reported swing beds accounting for 30% of their income. Anyone (family, sufferers or hospital staff) may swing bed hospital contact Aspirus about the Swing Bed Program. Patients are welcome to wear their own garments acceptable for therapy.

To remain in the program, the patient must be taking part and making progress, along with the factors listed above. Speech therapy provides speech and language treatments to both kids and adults. Pathologists evaluate and treat speech problems attributable to stroke or sickness in addition to remedy for quite lots of cognitive and/or swallowing considerations. Homeward Healing is out there to sufferers who've been hospitalized at Valley West Hospital or one other acute-care hospital. The Culbertson Memorial Hospital Dietary Department  will work with the patient and their physician to supply the meals they want and enjoy.

The program additionally provides diabetic management, wound care, short-term IV remedy, medical management and drugs adjustment services. Kearny County Hospital has a Discharge Planner who will work with sufferers and families to plan for transition into house hospital swing bed, assisted dwelling or long run care. The Discharge Planner may help in arranging a variety of companies that may be required to meet ongoing medical wants.

To qualify for Medicare admission to Recovery Care, the patient will need to have had an acute hospital stay of no much less than three days. Factors for determining protection include an analysis of the particular illness, care needs and length of keep, all of which might be discussed with the patients via their physician or social companies. In many instances, sufferers are discharged from a conventional swing bed program hospital setting despite the fact that they could still need rehabilitative or skilled nursing care. A Swing Bed Program presents the medical care and assistance in a home-like setting, which finest prepares the affected person for transition. Swing Bed sufferers are expected to be progressively responsible for every day duties similar to hygiene, bathing and dressing.

Due to our commitment to assembly the needs of all our sufferers, area and bed limitations will affect the number and kind of Swing Beds available at any given time. For these families caring for an elderly or disabled relative, The Richland Hospital, Inc. offers the provision swing bed hospital care of momentary care to persons needing supervised, short-term customized care so that common caregivers can take a break. These companies are via prior association solely by contacting either the Social Worker or Clinical Coordinator.

The employees offers treatment companies in a structured, therapeutic surroundings. These services — which embody every day nursing care by registered nurses and rehabilitative therapy — facilitate the recovery and return of every patient back to their residence environment. The units present Medicare-certified companies and can work with patients who've personal insurance swing bed care to make sure third-party fee for services provided. Swing Beds are utilized to supply sufferers with care following an acute care hospitalization, when the patient wants more time to recover from a surgical procedure, illness or injury. The objective is for the Swing Bed patient to achieve independence and prepare for transition house or to a different applicable degree of care.

[blogaarti]

Wound Irrigation Systems Market with Insights on the Key Factors and Trends Impacting the Growth 2029

In recent times, chronic ailments have been on a rise across the globe. Due to this, public health decision-makers and healthcare providers continually seek advanced and effective medical devices that can aid in wound recovery and management. Against this backdrop, wound irrigation systems have emerged as a suitable solution to achieve excellence in wound care management. This business scenario has led to highly favourable outcomes for the wound irrigation systems market, enabling industry leaders and manufacturers to engage in revenue-generating endeavours, fruitful partnerships, and open innovation. Notably, in the foreseeable future, the wound irrigation systems market is predicted to expand significantly given the rising prevalence of diabetes and relatively higher demand for manual wound irrigation systems.

 Rising Incidence of Chronic Diseases to Escalate Demand in Wound Irrigation Systems Market 

The growing prevalence of chronic illnesses around the world has enhanced disease burden among patients. One such critical illness that is on the rise is diabetes which has become alarmingly common among the elderly and children. With the rapidly increase in the incidence of diabetes, its associated conditionss such as diabetic foot ulcers, vascular ulcers, and pressure ulcers are also increasing. This has augmented the demand for sophisticated and efficient wound care, providing lucrative growth opportunities for the global wound irrigation systems market. During the forecast period, this healthcare landscape is poised to facilitate promising investments and R&D initiatives among leading vendors of the wound irrigation systems market.

 For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/wound-irrigation-systems-market

 Manual Systems to Draw Higher Demand in Wound Irrigation Systems Market Owing to Ease in Use 

Based on product type, the wound irrigation systems market is segmented into manual operated and battery operated systems. The demand for manual wound irrigation systems is expected to be higher. This can be attributed to their ability to effectively clean hard-to-heal and deep surgical wounds. Moreover, they are easy to use due to their pressure control switch that allows for a precise and powerful stream of solution to be applied directly to the desired area of the wound. This is set to increase their adoption in surgical settings, contributing to the revenue growth of the wound irrigation systems market. On the other hand, battery-operated wound irrigation systems are also expected to gain significant popularity due to their portability and usage in various home care settings.

 Prevalence of Diabetes, and Related Injuries Position North America as the Leading Wound Irrigation Systems Market 

There has been an increase in the demand and adoption of wound irrigation systems in developed countries in North America. This trend is expected to continue in the coming years. This is mainly due to growth enablers such as the increasing number of road accidents and the growing number of diabetes cases and related injuries. Furthermore, North America’s sophisticated healthcare infrastructure, coupled with sound government support for healthcare innovation, is expected to offer robust opportunities to key vendors in its wound irrigation systems market to pursue M&A activities.

 Major Market Players 

The wound irrigation systems market is dominated by companies such as Zimmer Biomet, Westmed Inc., Stryker Corporation, Cooper Surgical Inc., Becton Dickinson and Company, Centurion Medical Products, Irrimax Corporation, Hopkins Medical Products, Sanara MedTech Inc., B. Braun, Schulke, Cardinal Health, and Bionix LLC.

 For More Information Visit: https://www.fairfieldmarketresearch.com/report/wound-irrigation-systems-market

 About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

[daniels09stuff]

Top Challenges With Wound Care Billing Services

Denials in healthcare usually focus on high-dollar procedures like hip and knee replacements, or other MS-DRGs may also come under this radar. With wound care medical billing and coding, we have identified so many challenges.

Proper documentation is necessary for clinical substances and processes especially when support medical necessity is involved. This doesn’t attract a clinician’s judgment and medical decision-making for performing the procedure. Physicians have been conditioned to document excisional debridement, but if we think about payment recovery for these practices, they need to do a lot more than just paperwork and documentation. To handle wound care medical coding for inpatients frequently lacks sufficient documentation.

It’s now more than important for wound care providers to make sure that they are coding to the accuracy and following all the ICD-10 guidelines. While it’s not so clear about the elimination of CMS was under this grace period, it might be some things that we are working on with ICD-10 that may not continue to be satisfactory.

Many times, a wound care center offers excellent patient care, and healing rates are high. But, when it comes to calculating revenue, clinical staff is left in the dark. While providing good patient care is necessary, a center that misses tracking its revenue may soon see its doors closed.

Wound care billing and coding are at the heart of every practice and are important for the survival of the center.

Here are some challenges we found with wound care billing and coding.

The most common error is wound care facilities don’t use the add-on codes properly. If removing over 20 cm2 of tissue at a particular depth, it’s important to use the base code and the add-on code. For instance, if removing 28 cm2 of subcutaneous tissue, the notes for the coding would be both 11042 and 11045.

It’s a common myth with coding and billing that if there is a code for a procedure or product, the insurance plan will pay it. This is not always the true cause. Having a code doesn’t always mean the coverage for the procedure, hence, it’s important to know the rules under which you must operate.

ICD-10-PCS differentiates between removable and non-removable debridement. The ICD-10-PCS root operations excision and extraction indicate excisional debridement and non-excisional debridement, sequentially. This doesn’t suggest that physicians need to use the term extraction, but if paperwork shows that the tissue was pulled or stripped away, rather than cut, the debridement is a removal. ICD-10 will need coders to note laterality and more specific anatomic wound locations.

Coders need to be aware of assigning a present on admission (POA) indicator for pressure ulcers, particularly when the healthcare service provider does not note down the ulcer until many days after inpatient admission. Coders need to report an ulcer as POA in case of signs or symptoms are POA. A query may be needed without documentation of signs or symptoms.

There have been arguments, and discussions between what’s recognized to be a “wound” versus an “ulcer.” Sometimes, ICD-10 is similar to its language, and this is an ideal situation. Be aware of the ICD-10 semantic, that medical staff takes for granted. While many service providers may replace the terms “ulcer” and “wound” as if they are replacements, they are no different when it comes to ICD-10 medical coding.

Practitioners reply to the documents during their administrative hours. Because standard physicians’ query stays in medical coding and billing and doesn’t have a great response rate from physicians, clinicians should consider automated physician queries.

Understanding the difference between open fracture debridement, wound debridement, and active wound care coding. Also, there are a few errors when coding correctly during skin grafting/replacement is involved.

The wound care billing and coding are all about a thorough evaluation of the patient’s medical record for the wound, which also includes wound dimensions, chronic diseases which includes chronic ulcers, diabetes, quadriplegia, etc. processes offered to manage the wound, follow-up, initial visit, photographs of the wound, and wound progress. To have 24/7 Medical Billing Services as your wound care medical billing and coding partner can revolutionize your practice by overcoming the above-mentioned challenges.

Read More : 

[pinkobservationwizard]

Wound Care Billing Services

A healthcare industry must have the best billing services to withstand the test of time. In the absence of proper medical billing services, your billing may suffer and your reputation may be ruined forever. Not to forget the damaging effects it can have on your income. When it comes to wound care billing services, 24/7 Medical Billing Services have all the right procedures and protocols in place to ensure that outpatient billing is flawless. We have ample experience and highly experienced staff. We treat your clients like our own and offer the best in billing services to keep everyone happy.

Why is wound care so important?

Wound care billing can also increase the income of medical practice when it pertains to more serious wounds. Some types of wounds are eligible for better reimbursements. These include:

Wounds with a high level of cleaning

Clearing off objects like metals or stone from wounds

Deep cuts that require perfect cleaning

Removing the necrotic tissue from the wound

Wounds that require a bit of Anaesthesia for cleaning

The above list is eligible for getting reimbursements from insurance providers without any issues. Any wound which needs proper dressing should be cleaned perfectly in order for it to heal faster. Why choose 24/7 Medical Billing Services?

100% HIPAA compliance

Instant AR follow-up

Anytime help and support for tech and non-tech issues

Coding by experts

No chance of denials

No possibility of rejections

More than 12 years of experience

Innovative billing solutions

We even take photographs of wounds to ensure perfect reimbursements and maintain good Revenue Cycle Management. What’s more; our prices are the best in the industry.

CPT code for Anesthesia

Some of the wounds will cause too much pain while dressing and becomes intolerable for patients. In such a situation, CPT code 97597 or 97598 is used. On using these for reimbursements, there are no chances for denials for wound care. We give particular support for treating wounds and subsequent recovery.

Software specialty

We use the best software to ensure impeccable service. Software used in our billing services include:

Advanced MD

Health fusion

All scripts PM

Kareo

Athena collector

Nextgen

Bright tree

Medisoft

Neu MD

Epic

Safest records

We ensure data security by saving client data electronically. Every record can be accessed online with the help of a secured login.

There’s a reason why our clients come to us and recommend us to their associates. To know what we can do for you, call us now.

[yoursmithjorden]

Top Challenges With Wound Care Billing Services

Denials in healthcare usually focus on high-dollar procedures like hip and knee replacements, or other MS-DRGs may also come under this radar. With wound care medical billing and coding, we have identified so many challenges.

Proper documentation is necessary for clinical substances and processes especially when support medical necessity is involved. This doesn’t attract a clinician’s judgment and medical decision-making for performing the procedure. Physicians have been conditioned to document excisional debridement, but if we think about payment recovery for these practices, they need to do a lot more than just paperwork and documentation. To handle wound care medical coding for inpatients frequently lacks sufficient documentation.

It’s now more than important for wound care providers to make sure that they are coding to the accuracy and following all the ICD-10 guidelines. While it’s not so clear about the elimination of CMS was under this grace period, it might be some things that we are working on with ICD-10 that may not continue to be satisfactory.

Many times, a wound care center offers excellent patient care, and healing rates are high. But, when it comes to calculating revenue, clinical staff is left in the dark. While providing good patient care is necessary, a center that misses tracking its revenue may soon see its doors closed.

Wound care billing and coding are at the heart of every practice and are important for the survival of the center.

Here are some challenges we found with wound care billing and coding.

The most common error is wound care facilities don’t use the add-on codes properly. If removing over 20 cm2 of tissue at a particular depth, it’s important to use the base code and the add-on code. For instance, if removing 28 cm2 of subcutaneous tissue, the notes for the coding would be both 11042 and 11045.

It’s a common myth with coding and billing that if there is a code for a procedure or product, the insurance plan will pay it. This is not always the true cause. Having a code doesn’t always mean the coverage for the procedure, hence, it’s important to know the rules under which you must operate.

ICD-10-PCS differentiates between removable and non-removable debridement. The ICD-10-PCS root operations excision and extraction indicate excisional debridement and non-excisional debridement, sequentially. This doesn’t suggest that physicians need to use the term extraction, but if paperwork shows that the tissue was pulled or stripped away, rather than cut, the debridement is a removal. ICD-10 will need coders to note laterality and more specific anatomic wound locations.

Coders need to be aware of assigning a present on admission (POA) indicator for pressure ulcers, particularly when the healthcare service provider does not note down the ulcer until many days after inpatient admission. Coders need to report an ulcer as POA in case of signs or symptoms are POA. A query may be needed without documentation of signs or symptoms.

There have been arguments, and discussions between what’s recognized to be a “wound” versus an “ulcer.” Sometimes, ICD-10 is similar to its language, and this is an ideal situation. Be aware of the ICD-10 semantic, that medical staff takes for granted. While many service providers may replace the terms “ulcer” and “wound” as if they are replacements, they are no different when it comes to ICD-10 medical coding.

Practitioners reply to the documents during their administrative hours. Because standard physicians’ query stays in medical coding and billing and doesn’t have a great response rate from physicians, clinicians should consider automated physician queries.

Understanding the difference between open fracture debridement, wound debridement, and active wound care coding. Also, there are a few errors when coding correctly during skin grafting/replacement is involved.

The wound care billing and coding are all about a thorough evaluation of the patient’s medical record for the wound, which also includes wound dimensions, chronic diseases which includes chronic ulcers, diabetes, quadriplegia, etc. processes offered to manage the wound, follow-up, initial visit, photographs of the wound, and wound progress. To have 24/7 Medical Billing Services as your wound care medical billing and coding partner can revolutionize your practice by overcoming the above-mentioned challenges.

Read more: How To Be Careful About CPT Coding And Modifiers While Working On Wound Care?

[marketanalysisdata]

Durable Medical Equipment Market 2024: Report Focusing on Opportunities, Revenue & Market Driving Factors

8th September 2021 – Global Durable Medical Equipment (DME) Market is estimated to reach USD 242.1 billion by 2024 owing to the increasing prevalence of chronic diseases that require long-term care. Durable medical equipment enables therapeutic benefits to a patient arising out of medical condition or illness. DME are prescribed by a physician to primarily serve medical purposes. They comprise wheelchairs, traction equipment, hospital beds, crutches, canes, ventilators, pressure mattresses, oxygen monitors, walkers, kidney machines, nebulizers, etc. which are reusable and can also be appropriately used at home.

Durable medical equipment can be either used alone or in combination with other equipment as well for safety, monitoring and diagnosis of disease. They proficiently assist in recovering health of large population across globe. The enhancement of medical equipment technologies has improved diagnosis and treatments of patients. Earlier, where the wheelchairs were operated manually, today powered wheelchairs are widely replacing the manual ones.

Access Durable Medical Equipment (DME) Market Report with TOC @ https://www.millioninsights.com/industry-reports/durable-medical-equipment-dme-market

Moreover, the growing demand for powered wheelchairs and the modernizations in equipment are projected to stimulate the growth of durable medical equipment (DME) industry in the years to come. Furthermore, the emergence of transfer lifts and mobility scooters in automated version is predicted to propel the growth of market significantly. These benefits are allowing people to avail more reliable healthcare systems and services which ultimately speed up their recovery chances. However, chronic diseases like neurological diseases, cardiac diseases and cancers are considerably contributing to durable medical equipment (DME) market. Along with the growing prevalence of chronic diseases, diseases like diabetic foot, pressure ulcers & cancer that need long-term patient care and postoperative recovery are expected to contribute impressively to the market in the long-run.

As compared to the expensive hospital stay, home healthcare is a comparatively economic option for patients today. Therefore, patients prefer to opt post-operative recovery and long-term care at home itself. The growing demand for home healthcare services open opportunities for the DME market players to up sell and cross sell various equipment. Hence, the explosion of home healthcare services has contributed comprehensively to the durable medical equipment (DME) industry. Also, the increasing geriatric population base worldwide is predicted to propel the industry in the forecast period. Durable medical equipment (DME) market is categorized on the basis of equipment type, end-user, and geography. On the basis of equipment type, the market is divided into bathroom safety devices, personal mobility devices, monitoring and therapeutic devices and medical furniture. Personal mobility devices segment is further divided into crutches & canes, wheelchairs, walkers, etc.

Medical furniture is further classified into medical beds, stretchers, lift chairs, mattress, etc. In terms of end-user, durable medical equipment (DME) industry is segmented as hospitals, ambulatory surgical centers, home care settings, long-term care centers, etc. Hospital segment is projected to hold majority share of the market owing to increasing number of hospitals and growing government initiatives for improving the health care segment.

Geographically, the durable medical equipment market is segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is predicted to hold larger share of the market in the coming years due to the growing population in this region and rising preference for invasive and non-invasive monitoring devices like oxygen equipment and negative pressure wound therapy (NPWT) pumps.

Furthermore, the increasing number of investments by governments of emerging economies to improve the healthcare sector is also predicted to impact the market positively. The prominent durable medical equipment (DME) industry players comprise Baxter International Inc., Stryker Corporation, Medtronicplc. Becton, Drive DeVilbiss Healthcare, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Medical Depot Inc., and Hill-Rom Holdings, Inc.

Request a Sample Copy of Durable Medical Equipment (DME) Market Report @ https://www.millioninsights.com/industry-reports/durable-medical-equipment-dme-market/request-sample

[amitshinde7793]

Significant Impact of COVID-19 on Prenatal Testing and Newborn Screening in Healthcare Industry

COVID-19 Impact on Prenatal Testing and Newborn Screening in Healthcare Industry

OVERVIEW AFTERMATH OF COVID-19 AND GOVERNMENT ROLE

A recent SARS-CoV-2, virus has caused a general pandemic of respiratory disease, called COVID-19. The infection initially showed up in Wuhan, a city in China, in December 2019. The patients experiencing COVID-19 are cautiously dealt with all the safety measures since this sickness spreads quicker through actual contact.

There are now numerous vaccines in use. The first mass vaccination program commenced in early December 2020 and as of 15 February 2021, 175.3 million vaccine doses have been administered.

World Health Organization (WHO) issued an Emergency Use Listing (EULs) for the Pfizer COVID-19 vaccine (BNT162b2) on 31 December 2020, issued another two EULs for two versions of the AstraZeneca/Oxford COVID-19 vaccine, manufactured by the Serum Institute of India and SKBio on 15 February 2021. On 12 March 2021, WHO issued a EUL for the COVID-19 vaccine Ad26.COV2.S, developed by Janssen (Johnson & Johnson)

As per the WHO report, globally, as of 2 June 2021, there have been 170,812,850 confirmed cases of COVID-19, including 3,557,586 deaths, reported to WHO. As of 2 June 2021, a total of 1,581,509,628 vaccine doses have been administered.

As per the WHO report, in the United States of America, from 3 January 2020 to 4:26pm CEST, 2 June 2021, there have been 32,942,677 confirmed cases of COVID-19 with 588,866 deaths, reported to WHO. As of 27 May 2021, a total of 294,270,594 vaccine doses have been administered.

Even though immunization is found for COVID-19, safeguards incorporate incessant hand-wash, wearing a face veil, and keeping up social separating.

Newborn screening is a public health service done in every U.S. state. A cluster of health disorders that remains inconspicuous at birth is tested for every newborn. Every newborn is tested for a group of health disorders that aren't otherwise found at birth.

With a simple blood test, doctors can check for rare genetic, hormone-related, and metabolic conditions that can cause serious health problems. Newborn screening lets doctors diagnose babies rapidly and commence treatment as soon as possible.

The goal of new born screening is the pre-symptomatic detection of infants with congenital conditions so that treatment may be commenced at the earliest to prevent, or improve, the long-term

In light of the fiery impacts of the infection, there are hypothetical dangers that the viral contamination could delay the prenatal testing and newborn screening as there have been limited visits to the hospitals and testing centers due to the lockdown imposed by the government in different countries.

IMPACT ON PRICE 

Because of COVID-19, the market is upset to a major level. The few foundations need to stay shut while others to downsize the activities or put on pause extension plans as they attempted to endure the uncommon emergency.

The current COVID-19 episode has influenced every industry on earth, and prenatal testing & newborn screening market is no exemption. There has been a tremendous and sudden lessening in the volume of elective joint substitutions worldwide as wellbeing situation legitimately organize their COVID-19 reaction.

States must develop and implement policies that allow for interstate licensure and practice of medicine (entailing the use of telemedicine) to enable consultation and communication to remote areas and ensure the swift flow of information across state lines.

Now, as the demand for telehealth innovation is turning out to be very demanding by human being, and this will make the market more competitive due to new and more innovative equipment that will be launched by the makers, by decreasing the overall cost of the new and innovative prenatal testing & newborn screening systems and solutions.

IMPACT ON DEMAND

Since the pandemic, due to the lockdown situation, the economic growth of a country is declining day by day. And the manufacturing units for various items shut down due to the non-availability of manpower.

There will be opportunities in the coming time for manufacturers of digital health technologies to position themselves for the COVID-19 recovery. When COVID-19 responses ease, there will be an excess of elective surgeries procedures in emergency clinics. The pre-appointment programs can help smooth out the planning, arrangement, and conveyance of the medical professionals and the doctors.

For instance,

·         CVS is a type of diagnostic test performed between 10.5 to 13.5 weeks of pregnancy. The procedure involves obtaining a small tissue sample from the placenta by inserting a thin needle through the woman’s abdomen or using a small catheter inserted through the cervix by a doctor. The method used depends on the location of the baby and the placenta.

·         Another diagnostic test called amniocentesis is performed from 15 weeks of pregnancy onward. A thin needle is inserted through the woman’s abdomen into the amniotic sac to withdraw a small sample of fluid from around the developing baby in amniocentesis.

Cloud-based stages have an extraordinary preferred position in permitting the clinician and their representatives to design cases distantly while travel and medical clinic access limitations are set up. With the careful plans and embeds chose early, embed providers and emergency clinics have the chance to enhance their stock and creation (on account of patient-explicit custom parts) to address the accumulation of cases once the circumstance permits effectively.

IMPACT ON SUPPLY

Because of the pertinacious COVID-19 lockdown, sanctions have been forced by administrations of different nations. These limitations and boundaries across the nation’s borders prompted a diminishing stockpile because of restricted materials and labor force, and the halting of assembly line.

The supply chain units are taking stringent measures and risk mitigation protocols to provide the devices to the manufacturers to the customer. The presence of key market players for the development and launch of the prenatal testing and new born screening systems will increase the net sales and show a surplus growth in the market.

Additionally, the manufacturers are also taking crucial steps to ensure the availability of raw materials by and also they have to look into the quality of products. But since the demand is increasing day by day, to meet the demand, the major manufacturers and suppliers collaborate to ensure the supply of raw materials.

STRATEGIC DECISIONS OF GOVERNMENT AND MANUFACTURERS 

The key players engaged in global wound healing manufacturing are making improvements to keep the speed during COVID-19. They are taking every single choice cautiously to expand on a consistent schedule for the market. The manufacturers are likewise giving a great deal of consideration in improving inventive items that can be utilized for the attractive impacts. Organizations working in the minimally invasive gastrointestinal surgical systems market embrace a few systems, including joint effort, arrangements, association, and market development, to improve their business. These essential choices by the organizations must give huge occasions to the market players working in the minimally invasive gastrointestinal surgical systems market.

For instance,

·         December 2017, Eone-Diagnomics Genome Center (EDGC), a Korean genetic analysis company, announced its decision to apply machine learning-based artificial intelligence (AI) technology to its non-invasive prenatal test (NIPT) NICE 0. In 2019, AI specialist FDNA and PerkinElmer Genomics partnered to launch Face2Gene Labs for newborn testing. This decision enabled the company to flourish further in the market and helps in revenue generation

CONCLUSION

All three components (blood spot screening, hearing, and CCHD screening) of newborn screening are requisite for babies and should still occur during the COVID-19 pandemic. Babies with newborn screening conditions still need to undergo monitoring and treatment promptly for newborn screening conditions during the COVID-19 pandemic. State and territory newborn screening programs are still conducting the newborn screening. Babies should still receive newborn screening during the COVID-19 pandemic.

Local manufacturers are now adapting new and better characteristics to create enormous supply measures to address the issue in coming fates and also the government is also helping to defeat all the difficulties faced in these unprecedented times. It is estimated that the COVID-19 pandemic outbreak has a negative impact on the growth of the global minimally invasive gastrointestinal surgical systems market.

The growing prevalence of genetic diseases has necessitated a stable healthcare network and adequate emergency medical services (EMS). However, certain challenges in Research and Development and the loss of patent of the devices may hamper the market growth.

The sales of prenatal testing and newborn screening tests services and related goods by entities (organizations, sole traders and partnerships) that offers prenatal testing and newborn screening tests, which aids in determining various genetic and chromosomal diseases, to furnish timely medical or surgical treatment of a condition before or after birth.

Moreover, the wider adoption of these systems is expected to increase to meet the rising demand for prenatal testing and newborn screening across the globe and overcome the shortage of healthcare professionals to perform such testing and screening. In the wake of the pandemic, current industry players with a substantial market share that consumed cash-rich and good management teams would prosper. Making the correct actions would enable businesses to demonstrate preparation and offer end-users reliability

[blueweave]

Global Microcatheters Market Size and Share is Projected to touch USD 1057.8 Million by 2027, growing at the CAGR of 5.6% during the forecast period | BlueWeave

A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global microcatheters market was worth USD 715.9 Million in the year 2020. The market is estimated to grow at a CAGR of 5.6%, earning revenue of around USD 1,057.8 Million by the end of 2027. Microcatheters are small, empty tubes that are inserted into blood vessels used in several interventional procedures. Rising prolonged disorders such as cardiovascular disorders, neurovascular disorders, and cancer, coupled with the growing acceptance of minimally invasive procedures are the key factors driving the global microcatheters market. Additionally, the use of technologically advanced products and many government campaigns contribute to the market's growth.

The growing acceptance of invasive surgeries propelling the market forward

Significant acceptance of minimally invasive surgeries is the latest market trend. The reasons contributing to the demand for such surgeries are the benefits of fast recovery with less pain and fewer complications. Minimally invasive techniques, which involve only minor wounds on the skin's surface, cause less post-operative pain, and discomfort. Furthermore, these surgeries allow the patient to recover quickly and return to their normal routine.  Microcatheters are tools used for invasive surgeries, especially vascular diseases. The demand for this device is growing worldwide because of its ability to diagnose, direct, and administer embolic agents to specific areas with minimally invasive procedures.

Rising cardiovascular diseases boosting the market growth

The growing prevalence of cardiovascular diseases also contributes to the growth of the microcatheters market. Unhealthy lifestyles such as smoking or consuming excessive fast food, or hypertension caused by stress and anxiety are the major factors that cause heart disease and strokes. Cardiovascular diseases are among the top ten foremost causes of death across the world. It distresses more people than any other disease. Microcatheters are frequently employed in neurovascular and cardiovascular surgical operations as these catheters enable doctors to navigate the complex network of blood vessels that make up the human body.

High cost of treatment and less awareness among people impeding market growth

Medical treatment with microcatheters for surgical or diagnostic procedures is expensive and out of reach for many individuals in developing countries, particularly the middle class. Furthermore, many individuals are unaware that the equipment can be used for minimally invasive surgeries, limiting the market growth. Furthermore, many developing countries, such as those in Asia-Pacific, Africa, and the Middle East, do not have easy access to healthcare services.

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Impact of COVID-19 in the industry

The COVID-19-induced pandemic has had a negative impact on the global microcatheters market. Due to the pandemic, there is a substantial risk of infection, particularly during any surgical procedure among hospitalized patients. This is the primary reason why surgeons around the world have postponed the most drastic surgical procedures. Hospitals are already overburdened with sick patients. Additionally, a shortage of qualified medical staff is another key reason for not favoring any diagnostic test or surgical operation. Medical care facilities, on the other hand, are returning to normal in countries where the number of COVID-19 cases is decreasing. Furthermore, several government efforts and alliances are assisting in the provision of clinical emergency care to patients with cardiovascular disorders.

The steerable segment occupies the largest share of the global microcatheters market

Based on type, the global microcatheters market is divided into Delivery, Diagnosis, Aspiration, and Steerable segment. Among these, the steerable microcatheters segment is predicted to grow with the maximum CAGR during the forecast period. The procedural advantages of steerable microcatheters are the primary reason behind the growth of this segment. Furthermore, an increasing number of image-guided and minimally invasive medical procedures across economies are the additional reasons contributing to the growth of this segment. Also, the growing acceptance of robotically operated surgical procedures and rising incidences of vascular diseases are helping in the growth of the steerable section.

North America is expected to witness significant growth in the market during the forecast period

Based on region, the global microcatheters market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all, North America holds the largest market share. The increasing prevalence of cardiovascular diseases, coupled with high per capita healthcare spending, and the availability of better and more advanced healthcare facilities in North America have caused consumers to spend more on healthcare, thereby contributing to the growth of this region.

However, the Asia Pacific is also likely to grow at the highest CAGR during the forecast period. Rising economies in the APAC region, such as India, China, and advanced markets of Japan and Australia offer high growth chances for companies in microcatheters.

Leading Players Gaining Competitive Edge over Emerging Players

The leading players in the global microcatheters market are Boston Scientific Corporation, Codman Neuro, Medtronic, Biometrics, Asahi Intecc USA, Inc., Merit Medical Systems, Inc., Stryker, Terumo Medical Corporation, Tokai Medical Products, Inc., and Penumbra, Inc. and other key manufacturers.

The key players are embracing consistent growth strategies to expand their product offerings, and strengthen their geographical reach besides surging customer base to capture the large market share. Additionally, many leading players are struggling to bring more technologically advanced instruments to the market to stay ahead of the pack. However, strict regulatory practices, product recalls, and a lack of skilled medical professionals act as an essential restraint to the global microcatheters market.

Do not miss the business opportunity of the Global Microcatheters Market. Consult our analysts to gain crucial insights, and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global microcatheters market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global microcatheters market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Top Challenges With Wound Care Billing Services

Denials in healthcare usually focus on high-dollar procedures like hip and knee replacements, or other MS-DRGs may also come under this radar. With wound care medical billing and coding, we have identified so many challenges.

Proper documentation is necessary for clinical substances and processes especially when support medical necessity is involved. This doesn’t attract a clinician’s judgment and medical decision-making for performing the procedure. Physicians have been conditioned to document excisional debridement, but if we think about payment recovery for these practices, they need to do a lot more than just paperwork and documentation. To handle wound care medical coding for inpatients frequently lacks sufficient documentation.

It’s now more than important for wound care providers to make sure that they are coding to the accuracy and following all the ICD-10 guidelines. While it’s not so clear about the elimination of CMS was under this grace period, it might be some things that we are working on with ICD-10 that may not continue to be satisfactory.

Many times, a wound care center offers excellent patient care, and healing rates are high. But, when it comes to calculating revenue, clinical staff is left in the dark. While providing good patient care is necessary, a center that misses tracking its revenue may soon see its doors closed.

Wound care billing and coding are at the heart of every practice and are important for the survival of the center.

Here are some challenges we found with wound care billing and coding.

The most common error is wound care facilities don’t use the add-on codes properly. If removing over 20 cm2 of tissue at a particular depth, it’s important to use the base code and the add-on code. For instance, if removing 28 cm2 of subcutaneous tissue, the notes for the coding would be both 11042 and 11045.

It’s a common myth with coding and billing that if there is a code for a procedure or product, the insurance plan will pay it. This is not always the true cause. Having a code doesn’t always mean the coverage for the procedure, hence, it’s important to know the rules under which you must operate.

ICD-10-PCS differentiates between removable and non-removable debridement. The ICD-10-PCS root operations excision and extraction indicate excisional debridement and non-excisional debridement, sequentially. This doesn’t suggest that physicians need to use the term extraction, but if paperwork shows that the tissue was pulled or stripped away, rather than cut, the debridement is a removal. ICD-10 will need coders to note laterality and more specific anatomic wound locations.

Coders need to be aware of assigning a present on admission (POA) indicator for pressure ulcers, particularly when the healthcare service provider does not note down the ulcer until many days after inpatient admission. Coders need to report an ulcer as POA in case of signs or symptoms are POA. A query may be needed without documentation of signs or symptoms.

There have been arguments, and discussions between what’s recognized to be a “wound” versus an “ulcer.” Sometimes, ICD-10 is similar to its language, and this is an ideal situation. Be aware of the ICD-10 semantic, that medical staff takes for granted. While many service providers may replace the terms “ulcer” and “wound” as if they are replacements, they are no different when it comes to ICD-10 medical coding.

Practitioners reply to the documents during their administrative hours. Because standard physicians’ query stays in medical coding and billing and doesn’t have a great response rate from physicians, clinicians should consider automated physician queries.

Understanding the difference between open fracture debridement, wound debridement, and active wound care coding. Also, there are a few errors when coding correctly during skin grafting/replacement is involved.

The wound care billing and coding are all about a thorough evaluation of the patient’s medical record for the wound, which also includes wound dimensions, chronic diseases which includes chronic ulcers, diabetes, quadriplegia, etc. processes offered to manage the wound, follow-up, initial visit, photographs of the wound, and wound progress. To have 24/7 Medical Billing Services as your wound care medical billing and coding partner can revolutionize your practice by overcoming the above-mentioned challenges.

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[leonfrancisblog]

Cath Lab Services Market is expected to register a Healthy CAGR in the Forecast Period of 2021 to 2028|Key Competitors Alliance HealthCare Services., Alliance Medical, Ramsay Health Care, Netcare LTD., Campbell County Health, Canyon Vista Medical Center.

Cath lab services market is on the rise. The market is witnessing substantial growth especially due to increase in patients with cardiac diseases. For the forecast period of 2021-2028, the market will exhibit a CAGR of 5.89%. This means that the market value of the global cath lab services market is bound to rise in this period. Catherization is the process of diagnosing and treating any diseases related to the heart. Due to rising heart problems, people have become aware of the catherization treatment. A hollow tube known as catheter is inserted into the large blood vessel that leads to the heart so as the examine the blood vessels in the heart. Thus, a cath lab is an examination room that serves the purpose of catherization treatment.

The incidents of increase in cardiac diseases and cardiac arrests will lead to the increase in the demand of cath lab services across the globe. Increasing investment in the healthcare sector would help to boost up the market value. Also, there is an increased demand for robot-assisted surgeries because of various advantages such as no unwanted incisions on the wound area, speedier recovery etc.  This increased demand for robot-assisted surgeries would further push the growth of the market in the long run. The major restraint of the market is the lack of reimbursement policies across the globe. The absence of reimbursement policy poses a challenge to the growth of the market. Apart from that, high operating and maintenance cost also act as the factors responsible for stalling the growth of the market. Another major restraining factor is the lack of good quality healthcare facilities or health infrastructure in developing countries.

Global Cath Lab Services Market By Type (Cardiac Catherization, Vascular Angiogram, Vascular Angioplasty and Stenting and Carotid Artery Stenting),  Service Type (Therapeutic Cath Lab Services and Diagnostic Cath Lab Services), Application (Hospitals, Clinics and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028. Cath lab services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cath lab services market. This cath lab services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cath lab services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Global Cath Lab Services Market Scope and Market Size:

The cath lab services market is segmented on the basis of type, service type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

The global cath lab services market is segmented into cardiac catherization, vascular angiogram, vascular angioplasty and stenting and carotid artery stenting on the basis of type. On the basis of service type, the cath lab services market is segmented into therapeutic cath lab services and diagnostic cath lab services. Diagnostic cath lab services are further sub-segmented into biopsy and diagnostic cardiac catherization. The cath lab services market can also be segmented on the basis of application into hospitals, clinics and others.

Key Market Competitors:

The major players covered in the cath lab services market report are Alliance HealthCare Services., Alliance Medical, Ramsay Health Care, Netcare LTD., Campbell County Health, Canyon Vista Medical Center., Peterborough Regional Health Centre, ONSLOW MEMORIAL HOSPITAL., Sceptre Medical Devices Private Limited., Advin Health Care., MEDTECH DEVICES, Apni Corporation., Vivan Surgical Export And Import., Alpha Medicare & Devices Pvt. Ltd.., Online Surgicals.com., Dr.AMS Healthcare., MEDKM Healthcare., Medical Equipment India., Weigao and Shunmei among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

MAJOR TOC OF THE REPORT:

Chapter One: Cath Lab Services Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Cath Lab Services Market Competition, by Players

Chapter Four: Cath Lab Services Market Size by Regions

Chapter Five: Cath Lab Services Market Revenue by Countries

Chapter Six: Cath Lab Services Market Revenue by Type

Chapter Seven: Cath Lab Services Market Revenue by Application

Chapter Eight: Cath Lab Services Market Revenue by Industries

Chapter Nine: Cath Lab Services Market Revenue by Deployment Model

Chapter Ten: Cath Lab Services Market Revenue by End User

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Reasons for buying this Global Cath Lab Services Market:

Laser Capture Global Cath Lab Services Market aids in understanding the crucial product segments and their perspective.

Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Global Cath Lab Services Market.

Even the Laser Capture Global Cath Lab Services Market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.

This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.

This worldwide Locomotive report provides a pinpoint test for shifting dynamics that are competitive.

The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?

What is the Key Factors driving Laser Global Cath Lab Services Market?    

What are the Risks and Challenges in front of the market?

Who are the Key Vendors in Global Cath Lab Services Market?  

What are the Trending Factors influencing the market shares?

What is the Key Outcomes of Porter’s five forces model

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[latestarticle]

Anti-Biofilm Wound Dressing Global Market Report 2020 | Check Out Top Key Players Analysis and Forecast To 2027

Global Anti-Biofilm Wound Dressing Market: Trending in 2021

New York, NY 27 May 2021:  The global anti-biofilm wound dressing market size is expected to reach USD 1,154.2 million by 2027 according to a new study by Polaris Market Research. The report “Anti-biofilm Wound Dressing Market Share, Size, Trends, Industry Analysis Report By Mode of Mechanism  (Physical (Ultrasound Debridement, Manual Debridement, Pulse Electrical Field), Biological (Bacteriophage, Lactoferrin, Dispersin B, Others), Chemical (EDTA, Ionic Silver, Iodine, Others)); By Application [Chronic Wounds (Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, & Others)]; [Acute Wounds (Burn Wounds, Traumatic & Surgical Wounds)]; By End Use (Hospital, Wound Care Centers, Clinics & Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Anti-biofilm is obtained from natural plants. The inhibition of biofilm formation includes the mechanism of the suppression of microbial adhesion & by the inhibition of polymer matrix & ECM generation with the interference at the bacterial co-aggregation & QS network. This antibiofilm dressing are utilised in the treatment of chronic wounds patients in the U.S. The Biofilm comprises of Microlyte which is ultra-thin in nature. Additionally, the dressing is composed of bioresorbable synthetic polymers. The biofilm includes ionic & metallic silver that destroy bacteria in dressing process on a wound surface.

Recent developments in anti-biofilm wound dressing include the usage of lactoferrin and xylitol antibiofilm development. Both lactoferrin and xylitol are naturally derived antimicrobials. They are more efficacious against existing biofilm. As lactoferrin and xylitol has been used to combat bacteria, the usage of these agents in combination therapy provides a variety of advantages as it is cost-effective, more easily available, biofilm-targeted therapy for both the wounds i.e. acute & chronic wounds.

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The prominent factors favoring the market growth include increasing chronic diseases and innovations in anti-biofilm wound procedures. As per the National Diabetes Statistic Report, 2017 around 100 million people within the U.S. are suffering from diabetes or prediabetes. Moreover, according to the International Diabetes Federation, the incidence of diabetes is predicted to rise from 366.0 million in 2011 to 552.0 million by 2030 worldwide. While prolonged diabetes is the reason for diabetic foot ulcers, the increasing cases of diabetes are predicted to positively influence the expansion of the global market.

The majority of the chronic wounds needs a prolonged recovery span, responsible for the frequent replacements of dressings. Hence, the demand for anti-biofilm wound dressing therapy are rising.  Meanwhile, the cases of sports injury are also rising as more & more people are now well acquainted with the benefits of the sports, due to which injury cases are also rising in larger extent which is boosting the market growth.

Market participants such as Urgo Medical, ConvaTec, Coloplast, Smith & Nephew PLC, Next Science, 3M, Monarch Labs, Mega Pharma (Pvt) Ltd., BioMonde, B. Braun Melsungen AG, Molnlycke Healthcare, Lohmann & Rauscher & Arobella Medical are some of the key players operating in the global market. Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Additionally, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.

.

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Polaris Market Research has segmented the anti-biofilm wound dressing market report based on mode of mechanism, end use, application, and region

Anti-Biofilm Wound Dressing Mode of Mechanism Outlook (Revenue – USD Million, 2016 – 2027)

Physical

Biological

Chemical

Ultrasound Debridement

Manual Debridement

Pulse Electrical Field

Bacteriophage

Lactoferrin

Dispersin B

Others

EDTA

Ionic Silver

Iodine

Others

Anti-Biofilm Wound Dressing Application Outlook (Revenue – USD Million, 2016 – 2027)

Chronic Wounds

Acute Wounds

Venous Leg Ulcers

Pressure Ulcers

Diabetic Foot Ulcers

Others

Burn Wounds

Traumatic

Surgical Wounds

Anti-Biofilm Wound Dressing End User Outlook (Revenue – USD Million, 2016 – 2027)

Hospital

Wound Care Centers

Clinics

Others

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Wound Closure Devices Industry Share, Growth Analysis 2027

Market Scenario

The global wound closure device market is expected to grow during the forecast period (2018 to 2023) at a CAGR ~6.9%.

Wound closure devices are used for closure of the wound by pulling both the edges together. After surgical procedures, incisions and small wounds are created due to medical interventions. Wound closure devices are used for fast recovery and healing of such wounds. Growing volume of surgical procedures is the primary reason behind increasing the demand for wound closure devices. The increase in a number of plastic and cosmetic surgeries, increasing number of burns, trauma, and accidents, and sports-related injuries are expected to drive the growth of the market. The market is highly fragmented and major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

also read @ https://www.medgadget.com/2019/09/wound-closure-device-market-2019-growth-analysis-trends-size-share-demand-sales-revenue-competitive-landscape-outlook-and-industry-insights-by-2023.html

Moreover, advancement in technology, decrease in a number of surgical site infections and attempts to reduce hospital stays for reducing surgical expenditure is contributing to the growth of the market. According to a survey conducted by the American Professional Wound Care Association (2017), chronic nonhealing wounds impact nearly 15% of Medicare beneficiaries (8.2 million). The estimated spending for primary wound diagnosis is USD 28 billion per year and the cost for secondary wound diagnosis is estimated to be USD 31.7 billion.

The risk associated with infectious wounds, side effects of wound closure devices, and unfavorable reimbursement policies may hamper the growth of the market during the assessment period.

Key Players

Some of the key players in the global wound closure device market are 3M, Abbott Laboratories, B. Braun Melsungen AG, Ethicon Inc., Medtronic., Smith & Nephew, Baxter International, BSN medical Inc., Derma Sciences, Kinetic Concepts, ConvaTec, DACH Medical Group, Arthrex GmbH, Gecko Biomedical, Integra LifeScience, and CP Medical.

Segmentation

The global Wound Closure Devices Industry has been segmented based on device, application, type of wound, and end-user.

On the basis of device, the market has been classified into adhesives, staples, sutures, and mechanical wound closure devices. Adhesives are furthers classified into fibrin tissue adhesives and cyanoacrylates. The sutures segment has been further divided into absorbable, non- absorbable, braided, and monofilament.

On the basis of application, the market has been classified into burns, ulcers, surgical wounds, pressure ulcers, diabetic ulcers, and arterial ulcers. On the basis of type, the surgical wounds segment has been sub-segmented into chronic wounds, acute wounds, and others.

The market, by end-user, has been segmented into hospitals, community healthcare service providers, ambulatory surgical centers, and home care.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The wound closure device market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European wound closure device market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The wound closure device market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.

The wound closure device market in the Middle East and Africa has been segmented into the Middle East and Africa.

Regional Market Summary

The Americas is likely to hold the majority of the global wound closure device market owing to increase in the number of surgical procedures, increasing injuries related to accidents, sports and adventure, aging population, the presence of a well-established healthcare system, and adoption and awareness of the wound closure technology. According to the American Association for the Surgery of Trauma, injury accounts for over 150,000 deaths and over 3 million non-fatal injuries are reported per year in the US.

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Carotenoids Market Determined by Business Summary, Industry Profile, Products, Services and Solutions Forecast 2025

Industry Insights

The global Carotenoids Market was estimated at USD 1.21 billion in the year 2015 and is likely to witness significant growth, due to its increasing usage in numerous applications such as food, dietary supplements, animal feed, cosmetics and pharmaceuticals. Growing health awareness among consumers has led to increased usage of natural food products and nutritive supplements. This scenario is considered to drive the consumption of carotenoids over the years ahead.

Carotenoids also known as tetraterpenoids are color imparting organic pigments, that naturally occur in fruits, leafy vegetables, and roots. These products play the role of antioxidants and provide protection to the human health against chronic diseases, cellular damage, and aging. These organic pigments have found a rising usage in dietary supplements, due to growing health issues among the younger and older working populace groups that are aged in the range of 18 to 64 years.

Tetraterpenoids are commercially available in orange, yellow and red colors. The orange colored products include alpha-, beta-, and gamma-carotene, while the red and yellow ones include lycopene and lutein respectively. Animal feed, cosmetics and pharmaceuticals are the next major uses of the market.

Treatment of diabetes, eye disorders and cancer is likely to drive the demand of tetraterpenoids during the forecast period. Increasing research activities for developing high value natural carotenoids is expected to offer considerable growth opportunities in the industry during the forecast period. However, the stringent regulatory framework in developed regions is likely to hamper the industry growth.

Product Insights

In terms of volume, beta-carotenes was the largest product segment, which constituted 24% share of the total market in the year 2015. These tetraterpenoids are used as colorants, and antioxidants and possess high vitamin A content. These key attributes are expected to boost the utilization of the product in nutritional foods, personal care and medical applications, which in turn is likely to propel the market growth in the future.

astaxanthin is another important product type of carotenoids that is expected to illustrate significant development during the forecast period, owing to its rising usage in human antioxidants, animal feed ingredients and in seafood processing including shrimps, trout and salmon. Furthermore, astaxanthin is favorably used in human stamina enhancement and quick wound recovery.

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Source Insights

Carotenoids are derived via natural or synthetic sources. Synthetic accounted for the largest volume share in 2015. Furthermore, this source type generated a revenue of USD 903.6 million in 2015. However, due to rising consumer inclination towards naturally derived ingredients, this segment is expected to depict a diminished growth during the forecast period.

The natural source type is expected to witness significant volume as well as revenue growth during the forecast period. The sources under this category include plant leaves, crustacean shells, flowers, bird feathers, fruits and fish flesh. Growing consumer awareness about health benefits of natural products is likely to propel the demand in the industry during the forecast period.

Application Insights

Animal feed is the prominent application of carotenoids, which held a revenue share of 41% of the total industry. Tetraterpenoids are consumed in animal nutrition for boosting immunity.

Dietary supplements is another key application, which is likely to offer significant growth prospects in the future, on account of rising consciousness among consumers regarding healthy diet intake and for treating vitamin deficiency related disorders.

Regional Insights

Asia Pacific is likely to witness tremendous growth, due to the increasing usage of the product in food, pharmaceuticals and personal care sectors. This scenario is projected to reflect in countries such as India, Japan and China owing to economic growth, technological advancements, low production costs and presence of a broad industrial base.

The awareness regarding the health benefits of dietary supplements has notably increased in the Asia Pacific region, as a consequence of various factors such as rising disposable incomes, increasing middle class population and educational development. Furthermore, the existence of major pharmaceutical companies in the region such as Sun Pharmaceutical, Dr. Reddy’s Laboratories, GSK, Cipla, Novo Nordisk and Roche are likely to contribute towards the industry growth.

In terms of revenue, Europe held the largest share in 2015 and is likely to expand at a CAGR of 3.8% during the forecast period. Product consumption in the region is anticipated to rise as a result of significant demand from animal feed and health supplement sectors. Presence of a well-established cosmetics industry with key players such as L’Oreal, Henkel, Unilever and Beiersdorf is another growth driving factor.

Competitive Insights

BASF SE, Brenntag, Kemin Industries, Allied Biotech, ExcelVite Sdn. Bhd., DSM Nutritional Products, Cyanotech Corp., Divis Laboratories, Chr. Hansen, D.D. Williamson, Lycored, and Naturex SA are the major players in the industry.

The manufacturers are implementing various strategies that include product innovation and collaborations with other participants across the value chain, in order to increase their presence worldwide.

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