- The key vendors in the Global Anxiety Disorders Market 2015-2019 are Eli Lilly and Co., GlaxoSmithKline plc and Pfizer Inc.
London, 07 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Anxiety Disorders Market 2015-2019. One major trend upcoming in the market is increased focus on emerging markets. Increase in the diseased population and increased accessibility to disease monitoring and disease management devices have led the key vendors to focus on emerging markets and increase the market penetration. The overall market is expected to grow at a CAGR of 4.02 percent during the forecast period of 2014-2019.
Designated ICD-10 Code
ICD is a standard tool used for diagnostic and analytical purposes. These codes can be used to emphasize the need for patient visits to medical centers. The can also be used by insurance companies to understand the frequency of medical visits recommended for patients. ICD-10 codes have been designed to provide enhanced specificity and better clinical details than ICD-9 codes. These codes ensure better interpretation of physicians’ documentation by auditors, third parties, and attorneys. ICD-10-CM codes are also anticipated to provide comprehensive healthcare data, thus promoting the development of advanced disease protocols and clinical pathways.
“Recently, the market has witnessed increase in investments in these countries with the intention of enhancing the market hold in these territories,” says Faisal Ghaus, Vice President of TechNavio Research.
“Key vendors are trying to penetrate the market by organizing awareness drives and by offering reimbursements codes for their products.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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