Beyond The Pill Market to Grow with Increasing Competition During the Forecast Period
Global healthcare system expansion is driving the
growth in Global Beyond The Pill Market in the forecast period, 2022-2026.
According to TechSci Research report, “Beyond
The Pill Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026”, the global beyond the pill market has a
potential to project an impressive CAGR toward forces growth in the period,
2022-2026, on the account of increased technological advancement and consistent
research for the advanced healthcare product development. Surge in the demand
for the effective healthcare services is further driving the growth of the
global beyond the pill market in the upcoming five years.
Also, increased investments and government fundings in the healthcare
system is further enunciating the growth of the global beyond the pill market
in the next five years. Additionally, rising concerns and consumer demands from
the stakeholders of healthcare pharmaceutical sector is also actively
influencing the growth of the global beyond the pill market in the future five
years.
Surge in the demand for effective treatment through during and after
therapy services, monitoring products and services along with the maintenance
of the services is driving the growth of the global beyond the pill market in
the forecast years, until 2026.
Although lack of accurate management of increased volume of medical data
along with advanced computing capabilities, surging demand for accessing the
medical data creates a vacuum in the efficient healthcare services. The surging
demand to overcome these shortcomings is anticipated to substantiate the growth
of the global beyond the pill market in the forecast period.
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The global beyond the pill market is segmented on the basis of
therapeutic area, offerings, competitional landscape, and regional
distribution.
Based on therapeutic area, the market is further fragmented diabetes,
oncology, cardiovascular diseases, asthma, and others. Oncology is anticipated
to hold the largest revenue shares of the market and dominate the market
segment in the upcoming five years on the grounds of increased research and
therapeutic advancement in the sector.
Increasing instances of cancer diseases and its tendency to retaliate
further ensures future growth of the subsegment as well as demands the growth
of the global beyond the pill market in the next five years. Diabetes is one of
the chronic diseases that causes severe immune failures among large sections of
population. The lifestyle disease is also registering increased patient count
in the recent years and thus may register significant growth in the future five
years.
World Health Organization (WHO) estimates that cardiovascular diseases are
a leading cause of global deaths, claiming more than 17 million lives every
year worldwide. Post-op treatments and pharmaceutical product & service
demands influences the growth of the sub-segment such that one may expect the
fastest CAGR growth in the sub-segment in the future five years along with its
influences on the growth of the global beyond the pill market in the forecast
years, until 2026.
On the basis of offerings, the market is bifurcated into services,
monitoring, assistance, information, and education. Service offerings are
anticipated to dominate the market segment while registering largest revenue
shares of the market in the upcoming five years on the account of increasing
market player involvement and enhanced competition in the market regarding
beyond the pill services.
The services include detailed customer analysis, disease analysis,
treatment monitoring, brand mapping, and exquisite understanding of the market
competition. Monitoring devices & services are also anticipated to register
significant growth in the future five years on the backbone of advancing
technology and product development. Consumer awareness also plays an important
role in the subsequent growth of the global beyond the pill market in the next
five years.
Some of the market players, dominating the global market are:
·
F. Hoffmann-La Roche AG (Flatiron Health)
·
Otsuka Pharmaceuticals Co., Ltd.
·
Amgen, Inc.
·
AstraZeneca Plc.
·
Novartis AG
·
Sanofi S.A.
·
Novo Nordisk A/S
·
Eli Lilly and Company
·
Johnson & Johnson
·
Teva Pharmaceutical Industries Ltd.
These market players along
with new market entrants, are focused on extensive research and bringing
innovative and advanced products. Technologically advanced manufacturing of the
pharmaceutical products and therapeutic processes would aid in decreasing the
cost of the production and aid the players in managing their investments.
Moreover, initiatives from the government and private fundings would support
the global beyond the pill market growth indirectly.
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“North America region
is anticipated to dominate the global market analysis on the grounds of most of
the research based on cancer and cancer therapies being conducted in the larger
economies like the United States, and Canada. Also, presence of multiple market
players plays important role in the futuristic growth of the global beyond the
pill market in the next five years. Value based arrangements in the
pharmaceutical industry enriches the sustainability of the healthcare system in
the future five years. Increasing demand for measurement tools in place to
provide reassurance about a particular drug’s benefits and performance also
influences the market growth in the next five years,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Beyond The Pill Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Therapeutic
Area (Diabetes, Oncology, Cardiovascular Diseases, Asthma, Others), By
Offerings (Services, Monitoring, Assistance, Information, Education), By Region”,
has evaluated the future growth potential of global beyond the pill and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global beyond the pill market.
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