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Players Providing Field Service Management Solutions To Generate Higher Revenue In Near Future

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In a recent report published by the Transparency Market Research on the global field service management market states that the market is projected to experience a healthy growth in the forthcoming years. The report provides detailed analysis on this market including the revenue generation that is expected to be close by US$ 8.5 billion by the end of 2025. The market is also projected to progress at 14.1% CAGR during the period of eight years from 2017 to 2025. Thus, analysis states that the global field service management market has huge growth potential in the near future. 

Witnessing this high growth potential, the players in the global field service management market started exploring their avenues that will help them strengthening their position in the market. Currently, handful players are holding larger share in the market and making significant efforts to establish themselves strongly among their competitors. However, entry of new players providing filed services management solutions are expected to increase the competition among the players in the next few years. These players will offer advanced and innovative facilities to attract larger number of customers that will help them in generating a strong customer base. For example, AsteaInternational Inc. recently partnered with Baxter Planning to integrate its service parts planning software into the AsteaAlliance Enterprise field service management and mobility platform. This will help the company to offer complex, and large service organizations at a reduced total inventory carrying costs.It will also assist the company to attract huge customer base. 

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Apart from these, various other companies are also making significant efforts in getting a firm hold in the global field service management market. They are SAP SE, Oracle Corporation, ClickSoftware Technologies Ltd., CoresystemsAG, Astea International Inc., Microsoft Corporation, Retriever Communications Pty Ltd., Praxedo, IFS AB, and few others. 

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Asia Pacific Offering Lucrative Growth Opportunities for Field Service Management Providers

Based on the company analysis, Asia Pacific is considered a prominent region that will further expand the growth of field service management in the coming years. Large scale industrialization and growing e-commerce in countries including India and China has made this region the global field service management market. Growing number of technology users in the region has further supported the growth of the field service management market. These two countries are considered to be the leading the region and highly profitable market for the players, thus driving the growth in the field service management market. 

North America on the other hand, is highly likely to hold significant share in the market due to strong presence of leading players and high adoption of such software across many verticals. Additionally, smart and strong communication and internet infrastructure has further made North America a key region for the growth of field service management solutions. 

posted Feb 13 by anonymous

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The global topical pain management therapeutics in sports medicine market is highly fragmented and competitive, says Transparency Market Research based on a recently published report. This is because of the presence of a large number of entrants who are competing to stay on top. In the near term, the global topical pain management therapeutics in sports medicine market is expected to observe an escalated challenge with the passage of various emerging players. In order to stay ahead in the global topical pain management therapeutics in sports medicine market, some of the key players are seen focusing on collaborations, and strategic mergers and acquisitions. They are also investing a considerable amount of money into R&D for better products. Deploying such approaches, some of the firms holding dominant positions in the area are GlaxoSmithKline plc., Endo Pharmaceuticals Inc., Beiersdorf AG, Johnson & Johnson Services, Topical BioMedics, Inc.

According to a report by TMR, the topical pain management therapeutics in sports medicine market was valued at US$1,400.0 mn in 2016 and is projected to reach US$2.97 bn by the end of 2025. Further, it is envisaged to expand at a steady 8.9% CAGR from 2017 to 2025. Based on the therapeutic class, the global topical pain management therapeutics in sports medicine market is segmented into analgesics, anesthetics and skeletal muscle relaxants. Analgesic segment is expected to hold the highest share of the market in the forthcoming years. This is due to shift of patient’s preference toward topical therapeutic treatment for acute injuries due to the inconvenience associated with oral drugs.

North America and Europe will be leading the topical pain management therapeutics in sports medicinemarket in the upcoming years. This is due to a rise in the number of sports injuries in U.S, approval of novel products from US FDA, increase in sports participation in Europe developed healthcare infrastructure, high prevalence of the diseases in the region etc. Further, the Asia Pacific topical pain management therapeutics in sports medicine market is also emerging. This is due to proactive initiatives by governments encouraging adolescents' participation in sports activities.

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Prevalence of Arthritis Will Propel Topical Pain Management Therapeutics in Sports Medicine Market

Pain is a distressing feeling which is usually caused by intense or damaging stimuli. Pain is most prevalent symptom associated with most of chronic conditions. Pain management involves the employment of medications or analgesics and therapies to treat several pain conditions. Whenever, these medications are applied directly to the skin they are known as topical pain relief. These analgesics include non-steroidal anti-inflammatory drugs, anesthetics, capsaicin, tricyclic antidepressants, ketamine, clonidine, opioids, and cannabinoids. These medications are present as creams, ointments, gels, and transdermal patches. They are mostly available as over-the-counter (OTC) products while some are available through prescription only.

The growth of the global topical pain management therapeutics in sports medicine market is majorly driven by increase in prevalence of arthritis and other bone-related conditions. Another factor boosting the topical pain management therapeutics in sports medicine market includes rise in adoption of sports medicine products. As they cause lesser side effects compared to oral pain relief, upsurge in geriatric population across the world, and increase in demand for topical pain relief by sports players.

Irritated Skin and Unpleasant Smell of Medication Hinders the Market

Topical pain relief medications can cause irritated skin and they have a strong odor or unpleasant smell hamper the topical pain management therapeutics in sports medicinemarket growth. Conversely, the development of online platforms for topical therapeutics and a high potential in untapped markets in the emerging economies are expected to provide lucrative growth opportunities for the topical pain management therapeutics in sports medicine market.

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The global dental practice management software is anticipated to witness a remarkable growth in the coming years owing to the increasing number of dental problems as per the reports of the Transparency Market Research states. The competitive landscape of the market is seen to be full with a number of players struggling to get to the top position and have the lion’s share in the overall market. Various dental practice management softwares are offering smooth running of their business and also providing a wide range of benefits and features starting from clinical charting, billing, insurance, electronic prescriptions and business analytics in both dental clinics as well as hospitals.

Leading players of the global dental practice management software are Patterson Companies, Inc., Henry Schein, Inc., Web.com Group, Inc., DentiMax, LLC, Planet DDS, Inc., and MOGO, Inc. Large vendors are putting more focus on developing software amalgamation facilities in their programs in order to integrate the dental practice management software with the help of imaging tools like awareness programs, patient education, digital radio-graphs, and intra-oral cameras. These features not only add values but also helps in saving the dentist’s time for operation as well as improve their performance for practice management.

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As per the TMR reports, the global dental practice management software market is projected to reach a value of US$ 4.3 Bn by the end of 2025 from US$ 1.6 Bn as per 2016. The forecast period considered for this report is 2017-2025. As per the segmentation by end user, the global dental practice management software market is seen to be dominated by the dental clinics segment with a 12% CAGR expectation by the end of 2025.

On a geographical basis, the global market for dental practice management software is prognosticated to be dominated by both North America and Europe. This is because of their high adoption and implementation of digital platforms in the region. However, the market in Asia Pacific is also expected to attract more revenue into the market with time and this is owing to the rising number of dental occurrences in and around the region especially the developing countries like China, and India.

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Government Initiatives for Oral Healthcare Centers to Accelerate Market Growth

The demand for dental practice management is expected to grow at a remarkable rate because of the surge in geriatric population along with the rise in oral healthcare expenses. Apart from that government of various nations is also taking initiative to provide coverage for oral health insurance for their people and this, at large is taking the amount of revenue generation to a beneficiary level.

Furthermore, rise in different modules increases the efficiency and productivity of dentists. Technological advancements in the field of dentistry tools and their implementation is also driving the market for dental practice management software market in the long run.

Another factor expected to increase the growth of the market is the rising investment in the research and development strategies in order to produce better quality and effective products. Software incorporated with the features like reminder service, appointment scheduling, tooth charting, and payment along with others results in rise in demand for these products and the dental practice management software market in the long run.

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Rise in Geriatric Population Adding Fuel to Market Growth

Factors that are related to higher percentage of managing patient and billing of their application are inclusive of multiple tasks in case of using software. This also includes multiple tasking can be executed with dental management software such as communicating with the patient, scheduling an appointment, and hassle free billing, and claiming of insurance, making and regularizing the day to day workflow of patients. Specialized dental services offer better services and that may be the reason for their larger revenue share in the market.

Rise in the number of patients who are missing tooth, or need prosthetic rehabilitation in terms of the world population have also fueled the market for dental practice management software market. Apart from that, the surge in the number of periodontal diseases, dental carries and prosthetic rehabilitation all around the world are also factors that are adding to the growth of the market worldwide.

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Data Analytics Outsourcing Market

According to a new report published by Transparency Market Research, the global data analytics outsourcing market is expected to reach the value of US$ 20,681.1 Mn by 2026 on account of the exponential growth in data generation and lack of in-house capabilities of companies. The global data analytics outsourcing market is projected to expand at a CAGR of 29.4% during the forecast period, viz. from 2018 to 2026. The growth of the market can be ascribed to the rising demand for advanced data analytics services across industries and the high adoption of marketing analytics by companies in order to offer the best possible services to their clients.

North America is anticipated to be the fastest-growing market for data analytics outsourcing, and is likely to be followed by Asia Pacific, Europe, Middle East & Africa, and South America during the forecast period. The BFSI segment of the data analytics outsourcing market is expected to grow rapidly, primarily due to the rising demand for data analytics in the BFSI sector across the world. The data analytics outsourcing market is presently in the emerging stage and is anticipated to grow swiftly in the near future due to the rise in awareness regarding the advantages of data analytics and the increase in productivity of the companies who adopt the same.

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