Per-Encounter Medical Market Analysis and Future Prospects for 2030 | Catalent Inc., Smiths Medical Inc., Cardinal Health, Schott, Nipro Corporation

Market Overview:

The per-encounter medical market involves products and services used to manage medical encounters at the point of care. This includes medical software and solutions that help hospitals and clinics track patient visits, record health data, and facilitate billing and payments. These solutions help streamline front office operations and optimize resource utilization.

Market Dynamics:

Technological advancements in healthcare IT are expected to be a major driver for the per-encounter medical market over the forecast period. Vendors are focusing on developing more intuitive and user-friendly digital platforms to manage encounters. This is expected to boost adoption among smaller healthcare facilities with limited IT capabilities. Growing healthcare costs are also propelling the need for optimized revenue cycle management. Per-encounter solutions help eliminate errors and expedite billing, insurance verification, and payment posting. They also provide real-time analytics on resource consumption and reimbursement rates. This helps providers strengthen operational efficiency and pricing strategies. Furthermore, rising patient volume amid increasing incidence of chronic diseases is fueling the demand for automated encounter management solutions.

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Growing Focus on Consumer Centric Healthcare Delivery Models is Driving the Per-Encounter Medical Market

The per-encounter medical market is gaining tremendous traction as healthcare organizations shift their focus towards consumer centric care delivery models. Providing services based on individual needs and preferences has become priority for most healthcare providers. Per-encounter model allows flexible engagement with patients based on the type and severity of health issues. This consumer centric approach is appealing to many patients who want convenience and personalized care. The growing demand for same day consultations and walk-in clinics has prompted providers to experiment with various per-encounter models. Their primary goal is to offer cost-effective solutions without compromising quality or access to care.

Rising Healthcare Costs Pose a Major Restraint for Widespread Adoption

A major challenge for the per-encounter medical market is the rising healthcare costs which make this model less affordable for common consumers. While intended to offer cost-effective solutions, the unit prices per transaction can add up substantially for patients requiring regular or ongoing care. There are also administrative and operational expenses involved for healthcare organizations to manage an encounter-based system. Insurance providers also view such pay-per-visit models unfavorably as it increases their overall risk exposure. High treatment costs remain a significant deterrent, especially in developing nations. Affordability will play a key role in large-scale penetration of this delivery approach.

Integrating Digital Payment Gateways Presents a Major Opportunity

The increasing digitization of healthcare offers a lucrative opportunity to strengthen the per-encounter medical model. More customers now prefer making online payments for services via mobile wallets, debit/credit cards, UPI and other e-payment platforms. Integrating such digital payment options seamlessly into the consultation process can help promote on-the-go access. It allows patients to receive treatment instantly without concerning over modes of payment. Healthcare providers also benefit through streamlined transaction workflows. Partnerships with fintech companies offering customized medical payment solutions can help scale up per-encounter service adoption considerably.

Growing Emphasis on Specialty and Outpatient Care is a Key Trend

Rising non-communicable & lifestyle diseases are driving more patients towards specialty clinics and outpatient departments for follow-ups, tests and treatments. At the same time, pressure on in-patient budgets is compelling providers to shift focus on ambulatory and community-based services. The per-encounter model perfectly dovetails this trend as it facilitates transactional engagement for discrete medical issues usually handled on OPD basis. Chronic care patients can opt for separate encounters say per month to manage their conditions more affordably. This type of scalable hybrid system is well-suited to match evolving specialty and outpatient care demands.

Top Companies Covered In This Report:

◘ Catalent Inc.
◘ Smiths Medical Inc.
◘ Cardinal Health
◘ Schott
◘ Nipro Corporation
◘ Terumo Corporation
◘ Gerresheimer AG
◘ Becton
◘ Dickinson and Company
◘ B. Braun Melsungen AG
◘ AngioDynamics Inc.
◘ Teleflex Incorporated
◘ Argon Medical Devices Inc.
◘ ICU Medical Inc.
◘ Medical Components Inc.
◘ Vygon (UK) Ltd

Market Segmentation:

By Product Type: Consumables, Devices, Software, Services, and Others

By Application: Cardiology, Orthopedics, Obstetrics/Gynecology, Ophthalmology, Gastroenterology, and Others

By Distribution Channel: Direct Tender, Retail Sales, and Online Sales

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Geographic Covered in the Report:

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the Per-Encounter Medical market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the Per-Encounter Medical Market?
(2) What will be the size of the Per-Encounter Medical Market in the coming years?
(3) Which segment will lead the Per-Encounter Medical Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Per-Encounter Medical Market?
(6) What are the go-to strategies adopted in the Per-Encounter Medical Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Per-Encounter Medical Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Per-Encounter Medical Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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