Medical Billing Outsourcing Market Competitive Landscape Company Overview, Financial Performance, Product and Strategies

The Medical Billing Outsourcing Market was valued at USD 6.3 billion in 2015 and is anticipated to reach a value of USD 16.9billion by 2024, according to a new report by Grand View Research, Inc. Large amount of medical code representation for diagnosis and treatment coupled with the presence of multiple payers renders medical billing an intricate part of any medical practice, posing significant challenges. The challenge mounts when this process mandates adherence to the International Classification of Diseases-10th revision (ICD-10) code along with dealing with rising healthcare costs and declining reimbursements. Challenges in managing in-house billing processes include setbacks experienced in the IT structure, untrained staff, billing errors, and lack of proper financial policy in place. In order to curb or alleviate these challenges, several healthcare providers, such as acute care hospitals and clinics/physician offices, prefer outsourcing their medical billing process. According to studies, in 2015, 95% of independent physicians have acknowledged that outsourcing revenue management is the right decision.
 
Healthcare providers face certain challenges in ascertaining the disadvantages of in-house operation or benefits of outsourcing revenue management operations; hence, they arrived at this decision by implementing thorough assessment and evaluation of the revenue percentage they spend on several billing operations. Currently, the healthcare system is witnessing a subsequent increase in outsourcing of medical billing services by hospitals and physicians. This increase is attributed to factors such as obligatory implementation of complex ICD-10 coding system, increasing healthcare costs, and federal mandate to implement electronic medical records (EMR) to maintain reimbursement levels.
 
Furthermore, clinics/physician offices are gradually outsourcing their revenue management to cut unnecessary costs and prevent the burden of managing an administrative team to ensure effective handling of in-house billing functions.
 
Access for full Detail of the Report@ http://www.grandviewresearch.com/industry-analysis/medical-billing-outsourcing-market
 
Further Key Findings from the Study Suggest:

• North America reported highest revenue growth in this market. The U.S. is witnessing rapid changes in healthcare structure reflected by implementation of new medical coding system known as the ICD-10 coding as well as pressure from the government to implement EMR management system. These changing regulations coupled with rising healthcare costs are major growth drivers for the market in this region.
• Multispecialty medical groups are implementing consolidation requiring electronic health record (EHR) integration and building large healthcare networks This integration creates a need for Revenue Cycle Management (RCM), which in turn demands additional expertise and trained personnel to manage the same. Consolidation of large healthcare practices is expected to be a one of the factors that will help in the growth of the market.
• Hospitals end-use segment accounts for the largest market share in the medical billing outsourcing market. The ability to gain total control over billing procedures and minimize loss is the main focus of these providers. As healthcare costs rise and profits are decline, RCMoutsourcing is expected to be the best practice considered by these care facilities to manage their revenue.
• Some of the key players in this industry include Accretive Health, Inc.; Allscripts; Cerner Corporation; EClinicalWorks; Experian Information Solutions, Inc.; GE Healthcare; Genpact; HCL; Kareo; McKesson Corporation; Quest Diagnostics; and The SSI Group.

 
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Grand View Research has segmented the medical billing outsourcing market by component, service and end user:
 
Component Outlook (Revenue, USD Million, 2013 - 2024)

• In-House
• Outsourced

Service Outlook (Revenue, USD Million, 2013 - 2024)

• Front End
• Middle End
• Back End

End User Outlook (Revenue, USD Million, 2013 - 2024)

• Hospitals
• Physician Offices 
• Others

Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
  • U.S.
  • Canada
• Europe
• Germany
• UK
• Japan
• India
• China
• Brazil
• Mexico
• South Africa
• Saudi Arabia
• Asia Pacific
• Latin America
• MEA

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-medical-billing-outsourcing-market 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Medical Automation Market Opportunities, Growth Prospects and Key Opportunities 2024

The Global Medical Automation Market is expected to reach USD 79.4 billion by 2024, according to a new report by Grand View Research, Inc. The increasing demand for accuracy and reproducibility required during medical procedures is the high impact rendering driver for the medical automation market. 
 
The rising adoption of these devices is attributed to the advantages associated with automated systems. For example, the automation of tedious tasks such as sampling, monitoring of quality, quantity, packaging and labeling, and scanning of medicines and devices, have reduced human efforts and increased speed and accuracy, which has led to increased dependency on these automated systems. 
 
Moreover, the growing global prevalence of chronic conditions such as diabetes, cancer, arthritis, and chronic obstructive pulmonary disease (COPD) is further pushing the demand for therapeutic, laboratory and pharmacy automated medication systems, which are faster and more productive. As per the World Health Organization (WHO) estimates, cardiovascular diseases (CVDs) is the leading cause of mortality around the globe; in addition, an exponential rise has been witnessed in the diabetes cases from 108 million in 1980 to 422 million in 2014. The aforementioned factors are responsible for creating the need for automated medical equipments over the forecast period. 
 
Furthermore, with the advent of technologically advanced defibrillators and ablation therapies, this market is expected to gain swift growth in its market share in the near future. For instance, automation in the following pharmacy-based functions, medication dispensing, storage, and retrieval enables traceability and tracking, which in turn improves patient safety and reduces errors. Furthermore, there is an increased focus on incorporating automation in hospitals due to the associated benefits, such as reduction of errors and operational costs; these factors altogether are expected to present this market with high growth opportunities in the near future.
 
Access for full Detail of the Report@ http://www.grandviewresearch.com/industry-analysis/medical-automation-market
 
Further key findings from the study suggest:

• The therapeutic segment was observed to dominate in terms of revenue share in 2015owing to the high usage rate of automated devices in the non-surgical procedures, such as external defibrillators, an implantable cardioverter, and wearable/ implantable drug pumps 

• On the other hand, the medical logistics and training segment is expected to grow at a lucrative CAGR of over 10.0%. The rising adoption of advanced systems, such as Pneumatic Tube Systems (PTS) used in material transportation and Real Time Location System (RTLS) in location-tracking, contributes towards the overall medical automation market growth during the forecast period. 

• The research laboratories and institutes segment is also identified as a lucrative segment due to, the rising demand for automated research laboratories that are helpful in the detection and the treatment of chronic diseases. These laboratory automated systems help in reducing demand and supply gaps by mechanization, which yields rapid results and increases overall productivity. This is expected to further enhance its usage over the forecast period. 

• With an aim to address the increasing demand for advanced molecular diagnostic techniques in cancer, the Leiden University Medical Center have recently succeeded in isolating DNA and RNA from small tissue samples using a high-throughput, fully automated solution by Siemens. Innovations like these are expected to present the market with significant growth opportunities. 

• Some key players in this industry include Accuray, Inc., Tecan Group Ltd., Medtronic Plc., Swisslog Holding AG, GE Healthcare, Intuitive Surgical, Inc., Stryker Corporation, Siemens AG, Koninklijke Philips N.V., and Danaher Corporation. 

• These industry players are adopting strategies such as technological innovation, new product launches, and strategic collaborations including mergers and acquisitions to capitalize untapped opportunities. For instance, in July 2015, Medtronic Plc. acquired RF Surgical Systems, Inc., for further expansion of its business and with the aim of capturing a huge market share of the medical automation market in the coming years. 

 
View all Related Reports from this Category: http://www.grandviewresearch.com/industry/medical-devices 
 
Grand View Research has segmented the medical automation market on the basis of application, end-use, and region: 
 
Global Medical Automation Application Outlook (Revenue, USD Million, 2014 - 2024)

• Diagnostic & Monitoring Automation
  • Automated imaging & analysis
  • Point-of-care testing
• Therapeutic Automation
• Surgical Automation
• Non-surgical Automation
• Laboratory Automation
• Pharmacy Automation
• Lab and Pharmacy Automation
• Medical Logistics and Training

Global Medical Automation End-use Outlook (Revenue, USD Million, 2014 - 2024)

• Hospitals & Diagnostic Centers
• Research Laboratories & Institutes
• Pharmacies
• Home & Ambulatory Care

Medical Automation Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• Japan
• China
• India
• Mexico
• Brazil
• South Africa
• Asia Pacific
• Latin America
• MEA

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-medical-automation-market 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Medical Animation Market Analysis by Regional Estimates & Trend Analysis, by Type, Application, Therapeutic Area & End-use

The Global Medical Animation Market Is expected to reach a value of USD 514.0 million by 2024, according to a new report by Grand View Research. Key factors driving the market growth include the higher adoption of medical animation marketing by medical devices manufacturers and pharmaceutical products. It helps in explaining product features and communicating associated information with end users. 
 
The information represented by animation is more appealing and easy to transmit. These aforementioned benefits are expected to boost the usage rate in near future. In addition, the paradigm shift, in healthcare information technology, such as digitalization, is anticipated to contribute towards the market growth in the next few years. The medical animation market has gained momentum after the introduction of cloud-based platforms and 3D printing technology in healthcare. 
 
Furthermore, the introduction of technologically advanced software for image analysis, such as Medical Image Processing, Analysis, and Visualization can be attributed to the market growth. This application enables researcher from remote sites share valuable information and analyze the research data to detect, monitor, and treat medical disorders.  Medical animation is a versatile tool for communicating complex scientific procedures in an interactive manner and used in a variety of business aspects such as marketing, web presentations, social media, tradeshows and advertising. Increasing adoption of this technology is expected to serve as a potential growth driver in the future. 
 
The increasing investment by private and public sector, growing geriatric population coupled with increasing demand for computer-aided diagnostics, and incidence of chronic diseases are major factors fueling the increasing usage rates of this technology. In addition, this technology found application in various sectors, for instance; it helps healthcare professionals explain human body metabolism to patients, which helps in reducing patient’s anxiety level and educates them about various disease condition.  
 
Access for Full Detail of the Report@ http://www.grandviewresearch.com/industry-analysis/medical-animation-market
 
Further Key Findings from the Study Suggest:

• Flash animation is expected to be one of the most lucrative segment in near future due to increasing demand for patient engagement by healthcare professionals. On the other hand, 3D animation found application in clinical research studies, improving patient education, and simplifying complex procedures in bioscience studies by representing them into an animated form
• Growing demand for technologically advanced medical animation solutions is expected to contribute towards the growth of 3D animation during the forecast period
• In 2015, the drug mechanism of action segment accounted for the largest revenue share. The use of animation for explaining drug interactions and metabolic studies in new drug development are key contributing factors for this segment growth. This technology is used in animating preproduction, full production and post production process of drug molecules
• However, the patient education segment is expected to emerge as the fastest growing segment as awareness levels amongst patients, introduction of user-friendly apps and concerns related to health information are increasing. For instance, introduction of 3D medical application such as complete anatomy in November 2015 by 3D4 medical used for anatomical studies
• Currently, oncology segment dominates the market and is expected to be the fastest growing therapeutic area using this technology. Increasing incidence of cancer worldwide is a key contributing factor for growing demand of medical animation studies to explain disease mechanisms to patients
• For instance, XVIVO, showcased animation software at the American Society of Clinical Oncology (ASCO) and also helped in the depiction of mechanism of action of Bavituximab, an investigative drug, believed to strengthen the immunity system in cancerous environment
• Other end users of this market are life science companies, medical device manufactures, government authorities, forensic department, medico-legal firms, and insurance provider companies. This segment is expected to grow at fastest CAGR due to wide usage of 3D bioprinting and biosimulation studies in these fields
• For example, in forensic studies, a medical animation is used to elaborate crime scene and medico-legal firms use 3D animation to explain pain management procedures, surgical techniques, and presenting anatomical studies. There are various surgical and clinical audiovisual animation studies available online
• Asia Pacific is expected to be the fastest growing region during the forecast period. The growing geriatric population, increase in the chronic diseases, and ongoing development in healthcare sector is the factors anticipated to provide future growth platform for this industry in the next 7 years
• In addition, rising outsourcing activities in this region due to availability and low cost of labor are anticipated to propel segment growth over the forecast period. For example, in India, the cost of medical animation services is 20% to 25% lower than the U.S. and Europe
• The medical animation market is experiencing high competition as there are many small and big organization that offer these services. Introduction of low-cost software solutions for medical simulation is expected to boost the competition and is also expected to benefit several end users over the forecast period
• Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launch, product up gradation and collaborative agreements. For example, In April 2016, Fusion medical animation launched biotech brand services aimed at designing and developing innovative visuals for better understanding of complex products The aforementioned factors keeps the market rivalry at higher level 

 
View all Related Report from this Category: http://www.grandviewresearch.com/industry/healthcare 
 
Grand View Research has segmented the medical animation market by type, application, therapeutic area, end-use and region: 
 
Medical Animation Market Type Outlook (Market revenue in USD Million, 2013 – 2024)

• 3D Animation
• 2D Animation
• 4D Animation
• Flash Animation

Medical Animation Market Application Outlook (Market Revenue in USD Million, 2013 – 2024)

• Drug MoA
• Patient Education
• Surgical Training & Planning
• Cellular & Molecular Studies
• Others

Medical Animation Stationary Therapeutic Area Outlook (Market Revenue in USD Million, 2013 – 2024)

• Oncology
• Cardiology
• Plastic Surgery
• Dental
• Others

Medical animation Market End-use Outlook (Market Revenue in USD Million, 2013 – 2024)

• Hospitals
• Life sciences
• Academic institute
• Medical device manufactures
• Others

Medical Animation Market Regional Outlook (Market Revenue in USD Million, 2013 – 2024)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• Japan
• China
• India
• Brazil
• Mexico
• South Africa
• Asia Pacific
• Latin America
• Middle East and Africa

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-medical-animation-market 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Managed Security Services Market Shares by Services, Deployment, Organisation, Application and Region

The Global Managed Security Services Market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period. 
Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016. 

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services. 
 
Access for Full Detail of Report@ http://www.grandviewresearch.com/industry-analysis/managed-security-services-market
 
Further key findings from the report suggest:

• The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
• Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
• Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
• The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
• Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
• Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.
• 
  

View all Related Reports from this Category: http://www.grandviewresearch.com/industry/network-security-software-and-services 
 
Grand View Research has segmented the Managed Security Services Market on the basis of type, deployment, organization, application and region:
 
Managed Security Services Type Outlook (Revenue, USD Million, 2014 – 2024)

• Unified threat management
• DDoS
• Managed SIEM
• Managed endpoint threat protection
• Managed two-factor authentication
• Compliance management
• Vulnerability management
• Others

Managed Security Services Deployment Outlook (Revenue, USD Million, 2014 – 2024)

• Cloud-based
• On-premise

Managed Security Services Organization Outlook (Revenue, USD Million, 2014 – 2024)

• Small and medium enterprises
• Large enterprises

Managed Security Services Application Outlook (Revenue, USD Million, 2014 – 2024)

• BFSI
• Government/Defense
• Healthcare
• Manufacturing
• Telecom & IT
• Retail
• Others

Managed Security Services Regional Outlook (Revenue, USD Million, 2014 – 2024)

• North America
  • U.S.
  • Canada
• Europe
• Germany
• UK
• France
• China
• India
• Japan
• Brazil
• Mexico
• Asia Pacific
• Latin America
• MEA

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-managed-security-services-market 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Managed Pressure Drilling (MPD) Services Market Segmented on the Basis Technology and Application 2024

The Global Managed Pressure Drilling (MPD) Services Market is expected to reach USD 5.06 billion by 2024, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth. 

MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future. 

Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology. 

Access for Full Detail of Report@ http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market

Further key findings from the report suggest:

• Onshore oilfields were the leading application segment and accounted for over 58% of the total industry revenue in 2015. Offshore operations are expected to witness the highest growth of 4.0% over the forecast period.
• The U.S. offshore MPD services industry is estimated to witness the fastest growth over the next eight years to reach a net worth of USD 585 million by 2024. Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.
• North America dominated the global demand accounting for 37.3% of total market revenue in 2015. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
• Africa is estimated to grow at a CAGR of 4.9% from 2016 to 2024 on account of increasing offshore activities in regions of Angola, and Mozambique. Algeria MDP services industry is estimated to reach a net worth of USD 110 million by 2024, at a CAGR of 5.4%.
• Key market players include operating in the global managed pressure drilling services market include Archer Well services, Baker Hughes, Halliburton, Weatherford International, Schlumberger Limited.

View all Related Reports of this Category@ http://www.grandviewresearch.com/industry/conventional-energy 

Grand View Research has segmented the Global Managed Pressure Drilling (MPD) services market on the basis of technology and application,

Global Managed Pressure Drilling (MPD) Services Technology Outlook (Revenue, USD Million, 2014 - 2024)

• Mud cap drilling (MCD)
• Constant bore hole pressure (CBHP)
• Dual gradient drilling (DGD)
• Reverse flow control drilling (RFCD)

Global Managed Pressure Drilling (MPD) Services Application Outlook (Revenue, USD Million, 2014 - 2024)

• Offshore
• Onshore

Global Managed Pressure Drilling (MPD) Services Regional Outlook (Revenue, USD Million, 2014- 2024)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
• Norway
• UK
• Russia
• China
• Australia
• India
• Argentina
• Brazil
• Saudi Arabia
• UAE
• Kuwait
• Nigeria
• Angola
• Algeria
• Asia Pacific
• Central & South America
• Middle East
• Africa

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-managed-pressure-drilling-mpd-services-market  
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Luxury Furniture Market Analysis by Material, End-Use, and Segment Forecast to 2022

Global Luxury Furniture Market is expected to reach USD 28,600.7 million by 2022 growing at an estimated CAGR of 3.7% from 2015 to 2022, according to a new study by Grand View Research, Inc. This expected growth in demand can be ascribed to rapid urbanization and growing demand for home furnishings. 
Additionally, disposable income of individuals in North America and Asia-Pacific region has also witnessed high growth. Thus, increasing disposable income of individuals is acting as a major driver for the industry progress. 
Luxurious products are becoming an essential part of life; as a result, population is ready to spend on luxurious products. This would contribute to drive the sector growth. In addition, increasing disposable income of individuals has led to think regarding the social status, driving the increased spending on products including furniture. 

Access for Detail of Report@ http://www.grandviewresearch.com/industry-analysis/luxury-furniture-market

Further key findings from the study suggest:

• Wooden luxury furniture was valued for over USD 5,200 million owing to its higher preference for usage in high class office and home interiors, and wooden furnishings. Presence of several global and local luxury furniture manufacturers present in the sector is also attributive towards larger share of wooden products. 
• Glass is anticipated to witness significant growth in the coming years because of the expected advancements in this segment with respect to manufacturing and incorporation of attractive and stylish designs. 
• Domestic use dominated the sector in terms of revenue generated from end-use segments. Factors that are responsible for such large share of this segment include increased adoption owing to the rise in disposable income and influence of western culture. This segment covers the furniture used in kitchen, living and bedroom, bathroom, outdoor and lighting. 
• Living room registered largest share in the industrial revenue in 2014 because aesthetic value and customization are the notable trends observed in the living and bedroom segment of the luxury furniture industry. 
• Lighting is expected to witness significant progress with a CAGR of over 8% due to available technical development in this sector in order to increase the aesthetic presence of the furnishing in domestic use. 
• Europe was the largest revenue generating region in the luxury furniture industry followed by North America. Asia Pacific region holds a great potential for growth in domestic segment of luxury furniture. High demands for furnishing amenities in hospitality industry coupled with the increasing disposable income in this region are expected to contribute in growth in the regional market. 
• Key participants of the luxury furniture industry include Henredon Furniture Industries Inc., Muebles Pico, Scavolini S.p.a., Laura Ashley Holding Plc, Valderamobili s.r.l, Duresta Upholstery Ltd, Iola Furniture Limited, Nella Vetrina, Giovanni Visentin s.r.l., and Turri S.r.l. 
• Operating entities of this sector are involved in usage of e-commerce platforms to reduce the operating expenses. Use of alternative business models rather than the conventional business models is adopted by the market players in order to maintain their market share. 

View all Related Reports of this Category@ http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials 

Grand View Research has segmented luxury furniture market on the basis of material used, end-use, and region:

Global Luxury Furniture Outlook, By Material (Market Revenue in USD Million, 2012 - 2022)

• Wood
• Metal
• Glass
• Leather
• Plastic
• Others

Global Luxury Furniture Outlook, by End-use (Market Revenue in USD Million, 2012 - 2022)

• Domestic use
  • Living & Bedroom
  • Kitchen
  • Lighting
  • Outdoor
  • Bathroom
• Commercial use
• Hospitality
• Office
• Others

Global Luxury Furniture Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

 
Browse Press Release of this Report@ http://www.grandviewresearch.com/press-release/global-luxury-furniture-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

4D Printing Market Analysis 2013 and Forecast up to 2020

Industry Insights
4D printing consists of biomimetic composites that adapt and reprogram their properties, functionality or shape on demand based upon external stimuli. Researchers are combining different types of plastics and fibers to create smart materials that self-assemble or change shape when they come into contact with stimuli such as heat or water or are confronted with a change in its environment. Skylar Tibbits, the director of Massachusetts Institute of Technology Self-Assembly Lab and researchers from the firms Stratasys and Autodesk Inc. have developed a process that turns a code into such smart objects. 4D printing technology is expected to allow users to print objects by taking smart materials from a 3-D printer that reshape themselves or self-assemble over time take. It is called 4D because it adds time (fourth dimension), to the printing process. Specific geometrical training needs to be imparted to such a printer in order to bring precision to the process of transformation of an object into various shapes formed at specific angles. A geometric code based on the object's own angles and dimensions is fed to the printer along with measurements that dictate its behaviour when confronted with external stimuli. This code sets the direction, the number of times and the angles at which a material can bend and curl. Increased demand for technological innovation in the fields of military, manufacturing, construction, fashion and aerospace among others is expected to bolster the research work in order to practically realize the concept of 4D printing. Complex coding techniques, high cost of developing smart materials are some of the restraints for the research and development work. 

Summary of Report@ http://www.grandviewresearch.com/industry-analysis/4d-printing-market 

Application Insights

Potential application areas include military & defense, automotive, manufacturing, medicine, construction, infrastructure, clothing, aerospace and numerous other fields. In military and defense, concepts such as alteration of camouflage of a soldier’s uniform, protection against shrapnel upon contact and protection against poisonous gas upon exposure are proposed and can be put into practical use with technological advancement. Additionally, guns could transform into other weapons, aerial drones could transform into land-roaming machines, and submarines could hide based on the water they travel through. In the automotive field, the concept of developing an automobile coating that changes its structure with environmental changes in order to protect it from corrosion can be made possible with the advent of 4D printing. In the field of manufacturing, the concept of self-assembling machines and processes where a pile of parts can be taken without human intervention in order to transform them into various products can be realized. In the field of medicine, DNA Nano robots that track down and selectively kill cancerous cells can be developed using this technology. In the construction field, self-assembling materials can be converted into fully completed structures in extreme environments or disaster areas where conventional construction is too expensive or not feasible. In the infrastructure field, 4D printing can be used to develop bridges or roads made from self-expanding materials to heal damage and cracks. In the field of clothing and fashion, 4D printing can develop clothes that transform by themselves as per the shape and size of the person wearing them. In the field of aerospace, airplanes could be made to change themselves based on what they carry and where they fly. 

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Regional Insights
This technology is expected to make its debut in the U.S. owing to heavy investment and research work carried out in this region. Furthermore, the U.S. Army Research Office has granted USD 855,000 collectively between three research teams working on the research and development of 4D printing. 

Competitive Insights
Research in 4D printing has commenced through collaboration between Stratasys’ Education, R&D departments, Autodesk Inc. and Massachusetts Institute of Technology’s (MIT’s) Self-Assembly Lab. Stratasys is a U.S. based manufacturer of 3D printers and 3D production systems. Autodesk Inc. is U.S. based software provider for architecture, construction, engineering, media & entertainment and manufacturing industries. 

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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