Zika Virus Testing Market to Flourish with an Impressive CAGR During2016 – 2020

Press Release

Global Healthcare Services Sector Outlook

There is growing consensus among healthcare providers that the current fee-for-services payment mechanism needs an overhaul. While fee-for-services is the pervasive method of billing patients, alternative processes, such as capitation and pay-for-performance are also being considered. We anticipate fee-for-services to be supplemented by capitation and pay-for-performance in the future. In addition to charging patients for screening and doctor visits, pay-for-performance can lead to higher quality of care, as other essential tasks will also be billed. It may lead to an increase in healthcare costs, with the promise that quality of care will go up.

The healthcare system is in a phase where access to capital is constantly diminishing. Big spends are rare and there is increasing uncertainty among borrowers about their ability to repay loans and funding. Healthcare institutions are either postponing large capital-intensive projects or allocating resources to specialty areas that offer a high ROI. Cash-constraints will result into an increase in mergers and acquisitions and lead to fundraising from healthcare providers. However, as only a select few will qualify for an acquisition or funding, the effects of cash-crunch will be palpable in this sector.

Healthcare providers and insurers are aware of the rapidly increasingly population and their growing healthcare needs. The impact is more palpable in the U.S. and Japan – important markets in terms of their standing in the global healthcare market. Providers and insurers are strategizing to tap into the available opportunities in this demographic. Baby boomers around the globe are actively taking charge of their health. Smartphone remains the primary source of information-seeking for this segment. With over 70,000 websites and hundreds of apps disseminating information, providers and insurers will focus on strengthening their digital presence to effectively target this demographic.

Parent Indicators Healthcare

Current expenditure on health, % of gross domestic product

Current expenditure on health, per capita, US$ purchasing power parities (current prices, current PPPs)

Annual growth rate of current expenditure on health, per capita, in real terms

Out-of-pocket expenditure, % of current expenditure on healthcare services

Out-of-pocket expenditure, per capita, US$ purchasing power parity (current prices, current PPPs)

Physicians, Density per 1000 population (head counts)

Nurses, Density per 1000 population (head counts)

Research Methodology

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XploreMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

XploreMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Market Taxonomy

Test Type

End Users

 Key Inclusions

Region

On-Site/POCT Testing

Rapid IgG/IgM Test Strips

Rapid IgG/IgM Test Cassettes

Rapid IgG/IgM Test Cards

ELISA Kits

Laboratory Tests

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Government Funded

Hospitals & Clinics

Private Commercial Laboratories

Government/ Publicly Funded Programs

Zika Introduction

Timeline

Zika Vaccine Under Development

THE 2015 – 2016 ZIKA OUTBREAK

Zika Virus After Travel Prevention

North America &

Europe Cluster

Latin America Cluster

Central America

Cluster

Caribbean Cluster

South-East Asia Cluster

Rest of the World

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