U.S. Diagnostic Imaging Center Industry Worth $19 Billion

The U.S. is the largest medical imaging market globally due to the high disposable income and health insurance of consumers. More than 630 million X-rays, CT & PET scans, MRIs, ultrasounds, and mammographies are performed each year, representing an important part of the healthcare system.

Topics: Diagnostics Healthcare Industry Insights

5 Factors Shaping the Future of Genomic Medicine

Genomic medicine has the potential to save lives, transform medical practice around the world, and drive billions of dollars of economic activity, according to a new white paper by BIS Research titled The Five Forces of Genomic Medicine.

Topics: Biotechnology Healthcare Industry Insights

The Rise of Robotic Surgery in the Healthcare Industry

The rise of robotics and automation across all industries is not something new. From automotive, warehousing and logistics to supply chain management to travel and hospitality to healthcare, robotics has become the most critical innovation of this decade. Talking particularly about healthcare, experts believe that autonomous robots could soon be regular members of any hospital’s staff, performing diagnostic duties, reading case histories and even assisting in surgeries.

Topics: Healthcare Medical Devices Industry Insights

U.S. Kidney Dialysis Clinics Form a Profitable $24 Billion Industry

Kidney dialysis is a life or death, crucial healthcare service that costs about $90,000 per year per patient. The large competitors have enjoyed a near monopoly for years, but changes are coming that could hamper that growth and profitability.

Topics: Healthcare Industry Insights

U.S. Physical Therapy Clinics Constitute a Growing $34 Billion Industry

Physical therapy services provide a cost-effective way to prevent short-term disabilities from becoming chronic conditions, to help avoid invasive procedures, to speed recovery from surgery and musculoskeletal injuries and to eliminate or minimize the need for opioids.

Topics: Healthcare Industry Insights

Aging Global Population to Drive $1 Trillion Nursing Care Market

According to a recent report from The Business Research Company, the global nursing care market will grow to more than $1,100 billion at an annual rate of 8.6% to 2022. The market will be driven by the growing aging population and the introduction of robots to complement overburdened care workers, reducing current labor shortage issues that are restraining the market.

Topics: Healthcare Industry Insights

Virtual Reality and Augmented Reality in Healthcare: A Market Overview

Augmented reality overlays digital information in an augmented form in the physical world. It enables the gathering of data and presents the data in 3D condition. Virtual reality (VR), on the other hand, is where computer-assisted technology is used to construct a simulated environment virtually. At present, the global virtual reality and augmented reality market across different end-user industries was valued at $12.15 billion in 2018 and is projected to reach $78.45 billion by 2025.

Topics: Software & Enterprise Computing Healthcare Industry Insights

Virtual Weight Loss Market Grows to $1.4 Billion

The total weight loss market is now worth more than $72 billion, and a growing share of it takes place online and digitally. Technology and increased usage of the Internet and smartphones have changed the way Americans lose weight, and how they access weight loss programs. New companies like Noom have entered the market with apps in attempts to “disrupt” long-established players like Weight Watchers, NutriSystem, and Jenny Craig.

Topics: Food & Beverage Healthcare Industry Insights

Top 9 Things to Know About the Weight Loss Industry

The total U.S. weight loss industry hit a new peak in 2018, growing 4% to $72 billion. The largest diet companies are shifting direction and changing ownership as Weight Watchers rebrands itself to its new name WW and focuses more on wellness, Jenny Craig is up for sale, NutriSystem gets acquired by Tivity Health, and Slim-Fast is acquired by Glanbia, a multilevel marketing firm.

Topics: Food & Beverage Pharmaceuticals Healthcare

3 Key Ways Walgreens Is Advancing the Market for Retail Clinics

In 2018, the U.S. retail health market continued to adapt and change. While much of the recent news cycle has been dominated by talk of the mega-merger between CVS (operator of the MinuteClinic) and Aetna, another key industry player – Walgreens Boots Alliance – has been quietly growing its already expansive network of partnerships with regional health systems and other entities.

Topics: Healthcare Industry Insights