Craft Spirits Market Was Valued At USD 6.13 Billion In 2016 And Is Expected To Grow At An Impressive CAGR Of 33.4% From 2017 To 2025

Global Craft Spirits Market is expected to reach USD 80.43 billion by 2025, according to a new report by Grand View Research, Inc. The demand for craft spirits is mainly driven by consumers growing a preference for premium and authentic drinks with unique tastes. People born between 1980s and early 2000s have accounted for the largest share of consumers in the industry.

A major share of the millennial population has just reached the Legal Drinking Age (LDA), while the other section comprises employed consumers with significantly higher purchasing power. The millennial population segment has fueled significant demand, owing to their preference for unconventional and experimental alcoholic beverages.

Whiskey was the most consumed variety of the craft spirits, followed by gin, vodka, and rum. Gin has gained wide consumer acceptance owing to its unique taste and flavor developed by juniper berries. The craft distillers focus on the use of different spices, fruits, herbs, and botanicals to produce innovative products. They procure raw materials from family-owned farming houses who have strong experience in producing grains and fruits.

The industry is mainly concentrated in North America, owing to sizeable demand in the U.S. Europe has been the second-largest market for the product over the past few years. The economically developing countries in Asia Pacific, Central & South America, and the Middle East & Africa are expected to gain traction over the forecast period. The industry in these countries is not entirely explored and thus offer huge growth opportunities for players.

Full Research Report on Global Craft Spirits Market Analysis:
http://www.grandviewresearch.com/industry-analysis/craft-spirits-market

Further key findings from the report suggest:

• The global craft spirits market was valued at USD 6.13 billion in 2016 and is expected to grow at an impressive CAGR of 33.4% from 2017 to 2025, owing to growing consumer tastes and preferences towards unconventional and experimental alcoholic beverages
• Craft spirits are produced by licensed and independent distillers who produce alcohol of a volume less than 750,000 proof gallon
• Large distilleries are expected to dominate the industry over the forecast period, accounting for around 59.7% share of the industry volume by 2025. The shares of medium and small distilleries are expected to decline over the next few years, with large players focusing on acquisitions to strengthen their competitive positions
• Whiskey was the largest product segment of the global industry, owing to surging demand for flavored products formulated using ingredients such as whole spices and herbs
• Gin is anticipated to be the fastest-growing product segment of the market over the forecast period, owing to augmented use of the products in cocktails
• North America dominated the global industry, accounting for around 53% share of the total revenue in 2016. Consumers who have just reached above the Legal Drinking Age (LDA) have played the key role in driving the product demand in North America.
• Asia Pacific is expected create lucrative opportunities for distillers owing to tremendous potential in countries such as China, India, Thailand, Indonesia, Malaysia, South Korea, Australia, and Japan
• China accounted for the largest share of the Asia Pacific industry in 2016, due to growing millennial population in the country. The share of China is expected to increase at a significant rate with increased consumer spending on recreational activities such as eating and drinking out.
• Key players include Pernod Ricard, Diageo plc, Rémy Cointreau, Anchor Brewers & Distillers, Rogue Ales, and William Grant & Sons. The market is likely to move towards consolidation, owing to entrance of established players in the market through acquisitions.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

Grand View Research has segmented the Global Craft Spirits Market on the basis of application and region:

Distiller Size Outlook (Volume, Thousand Gallons; Revenue, USD Million, 2014 - 2025)

• Large
• Medium
• Small

Product Outlook (Volume, Thousand Gallons; Revenue, USD Million, 2014 - 2025)

• Whiskey
• Vodka
• Gin
• Rum
• Brandy
• Liqueur
• Others

Regional Outlook (Volume, Thousand Gallons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-craft-spirits-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.

For more information: www.grandviewresearch.com

Ammunition Market Study By Raw Material Scenario And Supply V/S Price Trends 2013-2024

Global Ammunition Market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Full Research Report On Global Ammunition Market Analysis: http://www.grandviewresearch.com/industry-analysis/ammunition-market

Further key findings from the report suggest:

• The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of technological advancements and development for the smart weapons to maintain law and order in developed economies.
• Bullet segment is expected to witness considerable gains at a CAGR of 3.8% from 2016 to 2024. This growth is attributed to the measures taken by different governments to introduce latest technologies for the overall advancement of the industry.
• AAI Corporation has developed an advanced light machine gun which uses 5.56mm ammo. This is also referred as telescoped ammunition and does not contain conventional brass cartridge, which reduces the weight approximately by 40% as compared to the traditional ammunition.
• Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
• Ammunition industry is dominated by key participants including include General Dynamics Corporation, BAE Systems, Remington Arms Company, Inc., Ruag Ammotec, Poongsan Corporation, Federal Premium Ammunition and Maxam. Companies are collaborating in order to remain profitable and retain their position in the global market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Ammunition Market on the basis of product, end-use and region:

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

• Bullet
• Rocket
• Mortar
• Others

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

• Civil
• Law Enforcement
• Sports and Hunting
• Self-defense
• Defense

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

• North America
• U.S.
• Europe
• Russia
• UK
• France
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Cuba
• MEA
• Saudi Arabia
• Israel

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ammunition-market     

About Grand View ResearchGrand 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.

For More Information: www.grandviewresearch.com

Industrial Enzymes Market Is Anticipated To Growing At Over 8.0% From 2016 To 2024

Global Industrial Enzymes Market is expected to reach USD 9.63 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of chemicals with industrial enzymes particularly in food & beverage and nutraceutical applications.

Growing applications of industrial enzymes for use in detergents and as ingredients in food processing industry is expected to fuel the demand. Proteases are extensively used in the detergent industry owing to its superior stain removal properties. However, the demand in the detergent application is expected to witness sluggish growth owing to market saturation.

Growing use of protease in bakery products is expected to drive market growth. Furthermore, increasing application scope of the product in nutraceutical industry as a digestive enzyme is expected to drive demand.

Technological advancements in the field of industrial enzymes have led to the use of the product as cleaning agents. The increasing use of enzymes or waste water treatment is also expected to drive the demand over the forecast period.

Neozymes, DSM, and Danisco dominated the global industrial enzymes market in 2015 with the industry being characterized by forward integration by manufacturers to distribution and end-use. Manufacturers such as DuPont and DSM manufacture industrial enzymes for specialized applications. The global industrial enzymes market is dominated by North America due to the presence of a large number of manufacturers in the U.S. and Canada.

Full Research Report on Global Industrial Enzymes Market Analysis: http://www.grandviewresearch.com/industry-analysis/industrial-enzymes-market

Further key findings from the report suggest:

• Industrial enzymes demand for lipases is expected to witness substantial growth, growing at over 8.0% from 2016 to 2024. Increasing demand for the product in food & beverage and textile industry is expected to augment growth over the forecast period.
• The feed additive enzymes are expected to be the fastest growing product segment, growing at over CAGR 9.0% from 2016 to 2024. The increasing use of enzymes as a protein source in animal feed is to improve performance in livestock which in turn is anticipated to drive demand over the projected period.
• Asia Pacific is expected to witness substantial growth, growing at a CAGR of over 10.0% from 2016 to 2024. Robust expansion in food processing industries particularly in Asia Pacific is expected to augment growth. Furthermore, the supportive regulations promoting the expansion of manufacturing industries is expected to have a positive impact on market growth.
• Europe accounted for over 29.0% of the market share in 2015 and is expected to witness significant growth owing to rising demand in pharmaceutical and textile industry. Stringent regulations prohibiting the use of toxic chemicals and catalysts in various applications is expected to positively impact market over the next eight years.
• Key players in the industry include BASF SE, Koninklijke DSM N.V, Novozymes A/S., Associated British Foods PLC E. I. Du Pont De Nemours and Company Adisseo France SaS, Dyadic International Incorporated CHR, Codexis Incorporated. Hansen Holding A/S, and Amano Enzyme Incorporated.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/catalysts-and-enzymes

Grand View Research has segmented the Global Industrial Enzymes Market on the basis of product, application, end-use and region:

Industrial Enzymes Market Product Outlook (Revenue, USD Million, 2013 - 2024)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & nucleases
• Others

Industrial Enzymes Market Application Outlook (Revenue, USD Million, 2013 - 2024)

• Technical
• Feed additive
• Food processing

Industrial Enzymes Market End-use Outlook (Revenue, USD Million, 2013 - 2024)

• Food & beverage
• Detergents
• Animal feed
• Textile
• Paper & pulp
• Nutraceutical
• Personal care & cosmetics
• Wastewater

Industrial Enzymes Market Regional Outlook (Revenue, USD Million, 2013 - 2024)

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

View press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-industrial-enzymes-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.

For more information: www.grandviewresearch.com

Cyber Security Industry Outlook By Executive Summary, Market Dynamics, Market Size And Growth Prospects 2014-2024

Global Cyber Security Market is expected to reach USD 205.51 billion by 2024, according to a new report by Grand View Research, Inc. The dependence of enterprises on information technology and sensitive nature of digitally stored data has raised the stake for cyber-attackers with financial gain becoming a primary motive. 

Solution providers are indulging in research and development to develop next-generation security solutions. For instance, Science Applications International Corporation (SAIC) has developed an innovative cyber security technology that helps government protect critical data, mitigate risks, and establish a comprehensive defense against cyber-attacks. There is also a greater emphasis on the intelligence-led security as conventional security technologies, such as web, content management and network security, are failing to deliver the tracking of security incidents. 

The cyber security industry is expected to witness high demand for cloud-based applications as government organizations are opting for the cloud platform for data sharing.

Full Research Report on Global Cyber Security Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cyber-security-market

Further key findings from the report suggest:

• The services segment is anticipated to grow at a CAGR of over 12% from 2016 to 2024. The growing demand for Security-as-a-Service (SaaS) and cloud-based solutions is expected to provide growth opportunities
• Healthcare industry is expected to reach over USD 30 billion by 2024. The health insurers are the prime target of the cyber-attacks, such as Advanced Persistent Threats (APTs) and spear phishing. The crimes and breaches in this sector are rising as the cost of stolen medical record is increasing.
• The North American cybersecurity industry is anticipated to reach over USD 61 billion by 2024. The increasing cybercrime costs are enabling the region to focus on building a strong resilience system for managing cybercrimes.
• MEA is expected to grow at a CAGR of over 12.5% from 2016 to 2024. The region is adopting digital technologies and applications at a faster pace, increasing the risk of cyber-attacks. The expansion of digitization throughout the region has made cybersecurity a necessity for organizations.
• The major players in the cybersecurity market include Fortinet Inc., Checkpoint Software Technologies Ltd, Cisco Systems Inc., Trend Micro Inc. and Symantec Corporation. The companies in the cyberspace are focusing on reducing the costs incurred in implementing security strategies by moving from solution-based products to service offerings The growing trend of security-as-a-service is increasing the adoption of services and key players are integrating with major service providers to fulfill consumer demand.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the Global Cyber Security Market on the basis of component, security type, solutions, services, deployment, organization, application, and
region:

Cyber security Component Outlook (Revenue, USD Billion, 2014 - 2024)

• Solution
• Services

Cyber security Security Type Outlook (Revenue, USD Billion, 2014 - 2024)

• Enterprise security
• Endpoint security
• Cloud security
• Network security
• Application security
• Others

Cyber security Solution Outlook (Revenue, USD Billion, 2014 - 2024)

• UTM
• IDS/IPS
• DLP
• IAM
• SIEM
• DDoS
• Risk and compliance
• Others

Cyber security Services Outlook (Revenue, USD Billion, 2014 - 2024)

• Professional services
• Managed services

Cyber security Deployment Outlook (Revenue, USD Billion, 2014 - 2024)

• Cloud
• On-premise

Cyber security Organization Outlook (Revenue, USD Billion, 2014 - 2024)

• Small and medium enterprise
• Large enterprises

Cyber security Application Outlook (Revenue, USD Billion, 2014 - 2024)

• IT & Telecom
• Retail
• BFSI
• Healthcare
• Defense/government
• Automotive
• Others

Cyber security Regional Outlook (Revenue, USD Billion, 2014 - 2024)

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

View press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cyber-security-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.

For more information: www.grandviewresearch.com

Plastics Market Is Estimated To Growing At A CAGR Of 8.1% From 2014 To 2020

Global Plastics Market was worth USD 381.83 billion in 2013. Plastics are synthetic or semi-synthetic organic solids which are cast or changed to various valuable products. Plastics are generally organic polymers which occur naturally or sometimes, are derivatives of petrochemicals. The global industry is administered by the application of end-use industry.

Forthcoming technologies which recycle plastics are projected to be the major driving force behind the growth of global market. Key manufacturers of plastics are investing into joint ventures and pooling resources with biotechnology companies so as to produce bio-based plastics.

Polyethylene was the largest plastic type which accounted for over 30% of the market in 2013.

Growing demand from several end-use sectors including injection molding, food & beverage packaging, film/sheet and pipes led to the high market share. Several disposal norms and environmental regulations are projected to create major hindrances for the global polyethylene market. Polyethylene terephthalate (PET) plastic type is likely to witness significant gains at a CAGR of 8.5% from 2014 to 2020. The packaging industry of carbonated soft drinks is witnessing an increased demand for PET type of plastic. This growing demand is anticipated to drive the global market over the next few years.

Full Research Report on Global Plastics market Analysis:
http://www.grandviewresearch.com/industry-analysis/global-plastics-market

PET application in films and sheets accounted for over 40% of the overall share in 2013. Films and sheets are majorly used in pharmaceuticals and food packaging industry. This is expected to drive its huge demand. Application in plastic pipes is anticipated to witness the substantial gains, at an anticipated CAGR of 5.7% from 2014 to 2020. Factors such as the increase in construction activities, rising population levels, increasing rate of urbanization, infrastructural development and replacement of old pipes made with outdated materials are expected to drive the demand for plastic pipes application.

Asia Pacific contributed to over 40% of the global plastics market in 2013. Emerging economies of India and China are witnessing a significant increase in key end-use industries. This is projected to provide the region with an upper hand in the near future. Central & South American plastics market is expected to exhibit the highest growth rate, an anticipated CAGR of 6.3% from 2014 to 2020. The increase in construction and automobiles industry in Argentina and Brazil is likely to be the driving factor for plastics demand in this region.

The global market is integrated with a few companies dominating the market. Major players in the plastic market include Dow Chemicals, BASF SE, Saudi Basic Industries Corporation and E.I. du Pont de Nemours and Company. Other players in the market include ExxonMobil, Total SA, Indorama Corp., M&G Chemicals, Nan Ya Plastics, LyondellBesell, Formosa Plastic, Bayer Material Science, DAK Americas and Octal Petrochem.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Global Plastics Market on the basis of product, application and region:

Global Plastics Product Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)
            • Polyethylene (PE)
            • Polypropylene (PP)
            • PVC
            • PET
            • Polystyrene
            • Engineering Plastics
Global Plastics Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • Middle East & Africa
            • Central and South America

View press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-plastics-market-analysis         

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.

For more information: www.grandviewresearch.com

Cell Separation Market Quantitative Analysis By Market Size, Estimates, And Forecast From 2014-2025

Global Cell Isolation/Cell Separation Market is expected to reach a value of USD 16.4 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for biopharmaceuticals including antibodies, proteins, vaccines, and drugs is the most important factor that drives the market growth during the forecast period. Biopharmaceuticals development involves the application of various life science products such as centrifuges, cell separator systems, flow cytometers, filtration systems, and consumables. Thus, the demand for advanced cell isolation products by biotechnology and biopharmaceutical companies is increasing, which is expected to boost the market growth.

Rising funding by biotechnology companies and government for cell-based research is another major factor driving the growth of the cell isolation/cell separation market. For instance, National Institutes of Health invested around USD 1,429 million for stem cells research in 2015. Stem cell therapy is the most promising technique to treat severe medical conditions such as cancer, cardiovascular disease, brain disease, and blood disease. Thus, the biotechnology companies are adopting advanced cell separation products for the research and development of stem cells.

Full Research Report on Global Cell Isolation/Cell Separation Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cell-isolation-cell-separation-market

Further key findings from the study suggest:

• Consumables product segment was the largest revenue-generating segment of the market in the year 2016.
• Consumables is expected to uphold its dominance during the forecast period owing to repetitive purchase of these products for research and diagnostics application
• The human cells segment was the largest revenue grossing segment of the sector in 2016, and is expected to grow at fastest rate due to growing demand of isolated human cell in therapeutics, research, and biopharmaceuticals production
• In 2016, the centrifugation technique segment accounted for the largest share in the overall market, owing to its wide application for manufacturing of biopharmaceutical drugs, vaccines, proteins, and antibodies
• In 2016, North America dominated the overall market with the largest revenue share due to the existence of major biopharmaceutical companies and research laboratories in this region
• Asia Pacific is projected to witness the highest CAGR over the forecast period, owing to the mounting investments in cell-based research and rapidly booming biotechnology industry in this region
• Some of the key players include Thermo Fisher Scientific, Inc.; BD Biosciences; GE Healthcare; Beckman Coulter, Inc.; Merck KGaA; Terumo BCT; STEMCELL Technologies Inc.; and Bio-Rad Laboratories, Inc.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/biotechnology

Grand View Research has segmented the Global Cell Isolation/Cell Separation Market on the basis of product, cell type, technique, application, end-use, and region:

Cell Isolation/Cell Separation Product Outlook (Revenue, USD Million; 2014 - 2025)

• Consumables
• Reagents, kits, media, and sera
• Beads
• Disposables
• Instruments
• Centrifuges
• Flow cytometers
• Filtration systems
• Magnetic-activated cell separator systems

Cell Isolation Cell Separation Cell Type Outlook (Revenue, USD Million; 2014 - 2025)

• Human cells
• Animal cells

Cell Isolation Cell Separation Technique Outlook (Revenue, USD Million; 2014 - 2025)

• Centrifugation
• Surface marker
• Filtration

Cell Isolation Cell Separation Application Outlook (Revenue, USD Million; 2014 - 2025)

• Biomolecule isolation
• Therapeutics
• Stem cell research
• Cancer research
• Tissue regeneration
• In-vitro diagnostics

Cell Isolation Cell Separation End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Research laboratories and institutes
• Biotechnology and biopharmaceutical companies
• Cell banks
• Hospitals and diagnostic laboratories

Cell Isolation Cell Separation Regional Outlook (Revenue, USD Million; 2014 - 2025)

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

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/cell-isolation-cell-separation-market-size-share         

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.

For more information: www.grandviewresearch.com

Healthcare IT Market Size Is Projected To Reach $104.5 Billion By 2020

Global Healthcare IT Market is anticipated to reach USD 104.5 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for enhanced healthcare facilities and introduction of technologically advanced systems are expected to boost industry growth.

Increasing geriatric population prone to chronic diseases resulting into high patient base is triggering the demand for sophisticated healthcare facilities. Furthermore, increasing number of patients requiring home healthcare acts as an effective growth driver for this market.

Full Research Report on Global Healthcare IT Market Analysis:
http://www.grandviewresearch.com/industry-analysis/healthcare-it-market

According to a report published by the U.S. Centers for Disease Control and Prevention (CDC) in 2011, the number of patients needing home healthcare was nearly 4.7 million in the U.S. and is on a constant rise, which is further expected to fuel the healthcare IT market demand.

Advent of technologically advanced software, such as interoperable system and cloud computing, is expected to attract more investors focus on developing integrated healthcare system to curb problems associated with conventional procedures of record keeping. For example, the uses of e-healthcare record system to maintain patient database help to provide instant information about patients’ health in case of emergency.

Telecommunication and telehealth accounted for over 40.0% of the market share owing to the high usage rates in 2013. Introduction of technological advancements such as Teleimmersive Environment for Everybody (TEEVE) and Session Initiation Protocol (SIP) are the factors promoting this segment’s growth.

Electronic Health Records (EHR) is expected to register an upward shift to reach up to USD 26.72 billion in 2020. Growth is primarily driven by the rising demand for integrated information system in the field of healthcare IT. Faster accessibility and low maintenance cost are the two most significant factors contributing towards the rising demand of these EHR systems.

In 2013, North America market was valued at around USD 20.0 billion owing to the factors such as favorable government initiatives pertaining to the introduction of technologically advanced healthcare IT facilities, sophisticated healthcare infrastructure, and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region.

On the other hand, Asia Pacific healthcare IT market is expected to reach at over USD 19.6 billion by registering lucrative growth rate in 2020. Growth is attributed to the rising healthcare expenditure, larger untapped opportunities, and growing disposable income level.

Prominent players operating in this industry include Athenahealth Inc., GE Healthcare, Agfa Healthcare, Philips Healthcare, E-MDS Inc., Carestream Health McKesson Corporation, Carestream Health eClinicalworks, and Hewlett-Packard.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented the Global Healthcare IT Market on the basis of application and region:

Healthcare IT Application Outlook (Market Revenue in USD Million, 2012 - 2020)
            • Electronic Health Records
            • Computerized Provider Order Entry Systems
            • Electronic Prescribing Systems
            • PACS
            • Lab Information Systems
            • Clinical Information Systems
            • Telemedicine and Telehealth
            • Others

Healthcare IT Regional Outlook (Market Revenue in USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • Rest of the World

View press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-healthcare-it-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.

For more information: www.grandviewresearch.com