Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) February 06, 2012

Follow GIA on LinkedIn The world over, hospitals are focused largely on increasing efficiency and offering comprehensive services to retain existing customers and attract new ones. Growing healthcare costs have become a major concern for the government as well as hospitals and insurance companies. Escalating healthcare costs and reduced co-payments by employers for medical benefits led to the establishment of the managed care companies and HMOs, pressurizing hospitals to increase cost-effectiveness. Faced with the increasing costs and declining profits, majority of hospitals have implemented measures, such as providing alternative medicines to patients, and collaborations to form health systems to expand offerings and reduce overall healthcare costs.

Despite the economic slowdown and financial crunch, the number of new hospitals increased significantly since the year 2008. While a well-developed healthcare infrastructure exists in the developed nations, emerging economies also progressively began to make investments in the establishment of hospitals and clinics in order to increase public access to healthcare. The global economic downturn further accelerated the ongoing consolidation activity in the hospitals sector, forcing weaker organizations to merge with the financially sound hospitals.

Increasing demand for hospital beds has largely been driving the increase in the number of hospital construction projects. Additionally, higher spending on new hospital buildings, and technologically advanced equipment, is further driving the US hospital expenditure. The hospital sector continues to remain a low-profit market, characterized by the high operating costs and heightened competition among hospitals.

The hospital information laboratory systems market has been growing at a significant rate in the recent years, driven by growing need to automate electronic patient record systems for transferring patient information rapidly. The growth is also driven by the supply chain automation, which allows hospitals to simultaneously share laboratory results with many service providers. In a further embracement of technology, hospital organizations are establishing health related web portals for both internal and external uses, including connecting patients, lab results, pre-registration, and focusing on disease management and wellness.

With the increasing popularity of medical tourism, hospitals face the heat of increased competition. In an attempt to gain a competitive edge in the market, major hospital operators are focused on establishing offshore hospitals. Growth in the hospital market is expected in all major regions, with double digit growth rates projected in the Chinese and Indian markets.

The research report titled Hospitals: A Global Outlook announced by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the hospital industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Japan, Europe, Germany, the United Kingdom, Spain, Turkey, Asia-Pacific, Australia, China, India, Korea, Malaysia, Singapore, Thailand, the Middle East, and Africa. The report provides a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of the companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Hospitals_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Growing Healthcare Awareness and Demand for Quality Healthcare to Propel Growth of the Global Hospitals Market, According to New Report by Global Industry Analysts, Inc.

Global Car Rental Revenues to Exceed US$53 Billion in 2015, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (Vocus/PRWEB) January 20, 2011

Car rental forms a vital part of the global travel and transportation market worldwide and hence business opportunities in this market is largely tied to the fortunes of air travel industry, as a significant chunk of the markets revenues are derived through rentals at airports. Demand responses to economic ups and downs are typically amplified in this industry highlighting the level of sensitivity to the broader economy. Therefore, the slowdown in tourism as a result of the financial crisis led world economic recession has had a negative impact on market prospects for car rentals. Tourism industry, which is largely upheld by the level of consumer confidence, took a hurting blow as consumer confidence and sentiments weakened across the globe. Rising levels of unemployment, reduction in household wealth, loss of corporate travel coverage/allowances, falling disposable incomes have together led to a sharp decline in travel and tourism across the world. Global air travel, especially, took the deepest dive as reflected by the reductions in air passenger traffic, large-scale cancellation of flights and reduced number of flight trips, thus impacting airport car rental business. Since about 50% of the revenue of the car rental industry is generated from airport locations, the business suffered in line with the air travel decline. Volatile fuel prices have also resulted in consumers renting cars for shorter period of time and this coupled with the reduced average number of vehicle miles traveled, and overall decline in per capita automobile travel, made the going tough for non-airport car rental business.

Additionally, tight corporate budgets and liquidity concerns have resulted in companies halving expenditures on business travels. As a result of cost rationalization and green IT initiatives, companies resorted to videoconferencing and other such forms of business meetings to reduce expenses incurred on business trips. The emergence of Green IT as an efficient and natural solution to reduce energy costs and improve corporate environmental credibility has resulted in enterprises implementing energy efficient logistics through virtual and flexible communications, such as videoconferencing. Adoption of video conferencing has led to slimmer and leaner corporate travel budgets. Growing popularity of video conferencing, as companies search for the most cost-effective way to increase employee collaboration across time zones and geographies, will continue to challenge the car rental industry even in the post recession period.

Widespread employee layoffs undertaken by businesses to tackle rising costs stemming from redundant staff has made available pool cars for existing staff use thus eliminating the need for renting cars for ad-hoc business travels. The lull in business resulted in idling of auto rental fleets. And fleet downsizing to achieve higher utilization rates, carried out by fleet owners stranded with large auto fleet bases, resulted in flooding the used car market since one of the major suppliers of used cars is the car rental companies. This in turn brought about a sharp decline in used car prices and the ensuing increase in used car purchases created a less urgent need for renting or hiring cars. The financial hardships faced by automakers reduced the popularity of repurchase programs, forcing fleet owners to dispose used cars in the used car market, making new fleet acquisition a costlier affair. With fleet financing hard to come by, new vehicle additions and replacements in existing fleets took a blow as fleet owners focused squarely on surviving the crisis by reducing costs, rationalizing fleet sizes, shutting down non-critical location points and by increasing rental prices for leisure travel.

However, with the recession now at its tail end, the market is exhibiting early signs of recovery with Asia-Pacific leading the way, as stated by the new market research report on Car Rental Business. The rise of recession tourism, a direct fallout of the economic crisis, which encouraged a shift in preference for holiday hotspots away from popular generic retreats to low-cost countries/regions, has resulted in major car rental players focusing on developing markets such as China, India, Australia, and the Middle East. Cheap low cost tourism in developing countries like India, Indonesia, and Malaysia, among others, witnessed growth over the last two years. The United States, which pioneered the car rental business, is the largest regional market in terms of revenues generated. Faced with stagnating opportunities in the car rentals space, fleet operators in the domestic market are foraying into the car sharing market. Companies are also toying with the idea of introducing no-show fees in the country, a concept that is already widely popular in the European market. The upcoming years will witness steady recovery in growth patterns in line with the recovery in the airline industry. The US market for airport car rental is forecast to cross US$ 10 billion mark in the next few years.

Europe, the second largest market, also witnessed decline in revenues during the recession, leading to market players curtailing their fleet size. However, tourist declines did not decrease in proportion to the decrease in fleet sizes, leading to shortage of rental fleet at many popular tourist sites, particularly in countries such as Spain and Portugal. This resulted in almost doubling up of spot prices for rentals, a positive development for the beleaguered players. European market for leisure car rental is projected to reach US$ 6.9 billion by 2013.

Major players in the market include Avis Budget Group, Dollar Thrifty Automotive Group, Enterprise Holdings, Europcar, Payless Car Rental, Rent-A-Wreck of America, Sixt Aktiengesellschaft and The Hertz Corporation.

The research report titled Car Rental Business: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ Million for major geographic markets including the US, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America and the Middle East. Segments analyzed include by rental locations (airport and non-airport), and by sectors (Leisure, Business and Insurance Replacement).

For more details about this comprehensive market research report, please visit http://www.strategyr.com/Car_Rental_Business_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press(at)StrategyR(dot)com

Web Site http://www.StrategyR.com/

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Global Car Rental Revenues to Exceed US$53 Billion in 2015, According to New Report by Global Industry Analysts, Inc.

Global Specialty Tourism Sector is Poised for Steady Growth, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) February 10, 2012

Follow us on LinkedIn Tourism industry dynamics are significantly influenced by the highs and lows of the global economy as it affects the level of consumer confidence. As travelers from the developed nations make up for a large proportion of total tourists, the industry was hit hard by the recession that engulfed the global economy. Rise in unemployment rates, salary cutbacks and reduction in travel-related programs by businesses led to a considerable decline in number of tourists, thereby affecting the overall revenues. The effect was also evident on various sectors including leisure and business tourism, incentive travel, cruise tourism and shopping tourism, all of which witnessed a significant decline. A large number of regular travelers reduced their traveling frequencies, while new and prospective travelers deferred their travel plans. However, some tourism segments, specifically medical tourism, continued to grow despite the financial crisis. The tourism sector recovered in 2010 and exhibited growth in 2011 with consumer confidence and enthusiasm heading back to pre-recession levels.

Over the years, Specialty Tourism has responded to publics interest in educational, health and active tours. Changes in technology, society and economy have led to increased ease in traveling. Traveling has become cheaper and convenient with the availability of more airplanes, air routes, surface vehicles, and roads. In addition, abundant and easily accessible information is provided to travelers. The specialty tourism market is expected to exhibit continuous growth in the coming years and become the dominant segment of the overall tourism industry.

Medical tourism is one of the fastest growing sectors in the tourism industry. Increasing health awareness levels, low medical costs, less waiting time are driving medical tourism, with a significant portion of the tourists flow directed towards developing nations such as India, Brazil and Thailand, among others. Asia-Pacific medical tourism industry accounts for a significant portion of the worldwide medical tourism market, with the region attracting travelers from Europe, North America and Australia largely due to the cost factor. The availability of well-qualified and skilled medical professionals and advanced medical techniques favors the regions growth as the hub of medical tourism. Adventure tourism is another key sector of the leisure travel market, which includes a variety of outbound activities such as such as scuba diving, rock climbing, canoeing or kayaking, paragliding, mountaineering and windsurfing. Growth in the sector is driven by an upsurge in the number of enthusiasts venturing into adventure sports.

The research report titled Specialty Tourism: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global specialty tourism sector, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include the US, Canada, Mexico, Japan, France, Germany, the UK, Russia, China, India, Brazil, Thailand and Malaysia among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Specialty_Tourism_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Global Specialty Tourism Sector is Poised for Steady Growth, According to New Report by Global Industry Analysts, Inc.