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Friday, August 13, 2021

What Neuromodulation Devices Market Is Aiming Next: Leveraged Returns Or Disaster?

The neuromodulation devices market is predicted to grow significantly in the forecast period despite of the pandemic COVID-19 situation. The growth for the market is predicted due to rise in the prevalence of the chronic diseases across the globe. Mostly, people use to be dependent on various dugs and medication to cure themselves where the patient curing success ratio was very less as compared to neurological treatment. The hospitals are struggling as the disease is spreading more than the production of masks, sanitizers, ventilators and tests. The neuromodulation devices are predicted to treat the corona patients and the process is under trial. SARS-Cov2 is likely to be responsible for acute respiratory failure and are treated with the help of neuromodulation devices.

At the pandemic situation many firms are under process for getting a device to cure corona virus with the help of a type in neuromodulation device. Vagus nerve stimulation is a type of neuromodulation device which can be treated through nerves which connects bidirectional to various organs, which includes even lungs. So, vagus nerve stimulation are under trial and are mostly used to lessen pain that occurs because of corona virus and the patient is predicted to recover within 15 days.

Our report includes:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

As per a new report published by Research Dive, the global neuromodulation devices market is set to generate a revenue of $ 26,418.6 by 2026, at a CAGR of 19.7% during the forecast period from 2019 to 2026.

The segmentation of the market has been done on the basis of type, application, end user and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, increasing prevalence’s of chronic diseases such as depression, epilepsy, spinal problem and other diseases among the population is predicted to boost the neuromodulation devices market. Moreover, the cost involved in treating neurological diseases is very high, which is predicted to hinder the neuromodulation devices market in the forecast period.

Cheddar type segment is predicted to be most lucrative

Depending on type, the neuromodulation devices market is segmented into internal neuromodulator and external neuromodulator. Internal Neuromodulation segment accounted for $3,647.5 million in 2018 and is predicted to grow with a CAGR of 19.4% in the forecast period. Internal neuromodulation is the most cost effective and is the most effective way of treating chronic pain, tremor, and several diseases, which is predicted to boost the internal neuromodulation segment in the forecast period.

Supermarket distribution channel is predicted grow immensely in the forecast period

Depending on application, the neuromodulation devices market is segmented into spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, gastric electrical stimulation, transcutaneous electrical nerve stimulation, repetitive transcranial magnetic stimulation, respiratory electrical stimulation and others. Spinal cord stimulation segment was accounted for $1,193.7 million in 2018 and is predicted to grow with a CAGR of 18.9% in the forecast period. The neuromodulation devices are mostly used for the treatment of the spinal cord treatment across the globe is predicted to boost the spinal cord stimulation segment in the forecast period.

Hospital end use segment is predicted to have the highest share in the forecast period

Depending on end use, the neuromodulation devices market is segmented into clinical, hospital and home health care. Hospital segment accounted for $3,382.2 million in 2018 and is predicted to grow with a CAGR of 19.3% in the forecast period.

Geographical Analysis and Major Market Players

On the basis of region, the global disaster recovery as a service market is segmented into North America, Europe, Asia Pacific, and LAMEA. Asia-Pacific market is predicted to grow with a CAGR of 19.7% in the forecast period by generating a revenue of $26,418.6 million by 2026.Increasing cases of neurological disorders, increasing investment in private & public hospitals & clinics with government initiatives is predicted to boost the overall market in the forecast period.

The major key players in the neuromodulation devices market are Boston Scientific Corporation, Neuronetics, Inc., Beijing PINS Medical Co., Ltd., Neuropace Inc. Bioness Inc., Nevro Corporation, LivaNova Plc, Abbott Laboratories and Medtronic Plc among others.

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Know the Rapid Growth Factors of Intensive Care Beds Market| Stay Up-To-Date With Emerging Trends Ahead

The emergence of COVID-19 all over the world has impacted the intensive care beds market. The increasing number of people admitting in hospitals due to ongoing corona virus crisis is predicted to be the major factor for the global market growth in 2020. Furthermore, technological advancements owing to increasing healthcare expenditure and growing R&D activities are estimated to boost the market growth after COVID-19 pandemic.

The global intensive care beds industry is predicted to witness an increase in growth rate due to the COVID-19 outbreak. According to Research Dive published report, the global intensive care beds market was likely to rise at a CAGR of 3.9% by 2027 prior to COVID-19 crisis. Now, due to the COVID-19 pandemic, the global market is expected to rise at a CAGR of 4.2% in the forecast period. This is mainly due to the increasing healthcare expenditure to enhance hospital facilities and the rise in number of hospitals & clinics all over the world. Comprehensive analysis on drivers, challenges, restraints, lucrative opportunities, and strategies implemented by market players and governments across the globe are further offered in the report.

Market Scenario During Pandemic in 2020

The projected pre COVID-19 market size for intensive care beds industry was $1,635.2 million in 2020 and is expected to witness a robust growth and reach up to $1,652.1 million due to COVID-19 pandemic. With the increasing COVID-19 cases, the demand for intensive care beds is increasing. Thus, the growing adoption of intensive care beds during the COVID-19 pandemic is predicted to be the major factor for the increase in market size in 2020. Besides, the major market players are increasingly focusing on improving production capacity and product efficiency in the pandemic, which is helping the global intensive care beds market to witness a progressive growth. For instance, in March 2020, a leading company in medical technology, Hillrom increased the manufacturing of critical care products such as hospital beds, vitals monitoring devices & accessories, and ventilators to support COVID-19 crisis.

Post-Pandemic Market Landscape till 2027

As per the report, the global intensive care beds market is expected to sustain a progressive growth even after the COVID-19 pandemic due to the increasing R&D activities and swift growth in technological advancements owing to growing healthcare expenditure. For instance, in April 2019, LINET demonstrated multi-care beds and the clinical advantages of lateralization for intensive care units (ICU) by making use of modern imaging technologies during a conference in Singapore. The leading players operating in the global market include Invacare Corporation, Hillrom, LINET, Merivaara Corp., Span America, Stryker, Medline Industries, Inc., Getinge AB, Malvestio Spa, and Stiegelmeyer GmbH & Co. KG. The report summarizes various aspects of all the prominent players functioning in the market such as financial performance, recent strategic moves & developments, product portfolio, and SWOT analysis.

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What Are the Manufacturers Evolving In the Growth of the Left Atrial Appendage Closure Devices Market?

The abrupt rise of COVID-19 pandemic has made a positive impact on the growth of the global left atrial appendage closure devices market in 2020. The increasing elderly population and rising cases of atrial fibrillation (AF) are fueling the demand for left atrial appendage closure devices during the COVID-19 crisis. Increasing product developments and technological advances by top market players are projected to unlock rewarding opportunities for the growth of the global market throughout the pandemic period.

The latest research report on the global left atrial appendage closure devices market by Research Dive divulges the impact of the COVID-19 pandemic on the current and forthcoming growth of the market. This report is a comprehensive research articulated by experts by studying top driving factors, regional market situations, latest trends and initiatives, and size & scope of the market in the course of the pandemic period.

Highlights of the Report

The sudden outburst of the COVID-19 pandemic has imposed a positive impact on the global left atrial appendage closure devices market. As per the report, the global left atrial appendage closure devices market had gathered a revenue of $466.6 million in 2019 and is expected to surpass $2,637.1 million by 2027, increasing at a CAGR of 24.0% from 2020 to 2027. The size of the market in the present situation has reached $585.2 million due to a rise in the cases of atrial fibrillation (AF) all over the world.

Factors Impacting the Market Growth during COVID-19 Pandemic

The global left atrial appendage closure devices market is anticipated to observe noteworthy growth owing to the global increase in the cases of atrial fibrillation and growth in the geriatric population. Additionally, growing number of patients suffering from heart and stroke disorders, who are highly vulnerable to atrial fibrillation, are expected to fuel the demand for left atrial appendage closure devices; thus leading to an increased growth of the market.

Current Face of the Market Due to COVID-19

In the course of the pandemic period, some of the foremost players in the left atrial appendage closure devices sector are implementing numerous strategies such as partnerships, collaborations, and novel product developments to grab a major position in the market. For example, in July 2020, the U.S. FDA (Food and Drug Administration) has given approval for the advanced Watchman FLX Left Atrial Appendage Closure device developed by Boston Scientific Corporation. This device is developed to minimize the possibility of stroke in NVAF (non-valvular atrial fibrillation) patients, who need a substitute for oral anticoagulation treatment by permanently sealing the left atrial appendage, the part of the heart in which stroke-causing blood clots are formed in NVAF patients.

Future Scope of the Market:

As per the report, the global left atrial appendage closure devices market is expected to undergo continuous growth post-coronavirus pandemic. New players and some of the major players including Cardia, Inc., Boston Scientific Corporation, Aegis Medical Group., AtriCure, Inc., SentreHEART, Inc., Abbott., Occlutech, Lifetech Scientific, Biosense Webster, Inc., Johnson & Johnson Services, Inc., and others are anticipated to shape the future of the global left atrial appendage closure devices industry in the next few years. The report summarizes various aspects of the prominent players functioning in the market such as financial performance, recent strategic moves & developments, product portfolio, and SWOT analysis.

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Driving Innovation: Home Infusion Therapy Market Is Projected to Grow at a Substantial Rate by 2027

The abrupt occurrence of COVID-19 pandemic has made a positive impact on the growth of the global home infusion therapy market in 2020. The growing geriatric population and rising cases of severe disorders are boosting the adoption of home infusion therapy during the COVID-19 crisis. Growing product launches and technological developments by leading companies is estimated to bring in rewarding opportunities for the growth of the global market during the pandemic period.

The newest research report on the global home infusion therapy market by Research Dive reveals the impact of the COVID-19 pandemic on the present and forthcoming growth of the market. This report is a meticulous research formulated by experts by reviewing regional market conditions, major driving factors, recent trends and developments, and size & scope of the market during the crisis period.

Highlights of the Report

The sudden outbreak of the COVID-19 pandemic has imposed a positive impact on the global home infusion therapy market. According to the report, the global home infusion therapy market had garnered a revenue of $20.2 billion in 2019 and is expected to exceed $49.5 billion by 2027, rising at a CAGR of 11.7% during the crisis period. The size of the market in the current scenario has reached $22.9 billion due to the increased adoption of home infusion therapy by patients during the COVID-19 turmoil.

Factors Impacting the Market Growth during COVID-19 Pandemic

The global home infusion therapy market is expected to witness significant growth due to the global rise in the cases of acute diseases and growth in the geriatric population that needs long-term medical treatments. Furthermore, growing preference for home-based treatment by sick people, which have low immunity, to avoid getting affected by the COVID-19 infection is boosting the demand for home infusion therapy and leading to an augmented growth of the market.

Current Market Scenario Due to COVID-19:

In the course of the pandemic period, some of the leading players in the home infusion therapy market are undertaking various strategies such as collaborations, partnerships, and new product development to withstand their market position. For example, in July 2020, Biocon biologics, an innovation led fully integrated biopharmaceutical firm, and Voluntis, a healthcare software company specialized in Patient Relationship Management (PRM), entered into a partnership to develop and offer advanced digital therapeutics based on biologics therapy for supporting diabetes patients.

On the other hand, government bodies in various COVID-19 affected areas are offering support to the home infusion therapy market players to sustain their business amidst the COVID-19 disaster. For example, in October 2019, the Medicare & Medicaid Services Centers have passed a law proclaiming that all home infusion therapy overheads will get covered under the Bipartisan Budget Act of 2018.

Future Scope of the Market:

As per the report, the global home infusion therapy market is expected to experience incessant growth post-coronavirus pandemic. New players and some of the major players including Fresenius Kabi, Baxter International, Inc., Smiths Medical., JMS Co., Ltd., ICU Medical Inc., Terumo Corporation, Eli Lilly and Company, Becton, Dickinson and Company (BD), B Braun Melsungen AG, Cosmed, and others are expected to mold the future of the global home infusion therapy market in the upcoming years.

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Industry Dynamics: Protective Face Masks Market 2021 to Witness Excellent Long-Term Growth Outlook

The emergence of COVID-19 across the globe has impacted the protective face masks market in a positive way. This is primarily owing to the rising cases of coronavirus coupled with the increasing need for face masks to prevent the transmission of infection. Moreover, the increasing demand for masks from healthcare institutions and the rising concern for safety are expected to be the major factors to fuel the market growth after COVID-19 pandemic.

The global protective face masks industry is likely to witness an increase in growth rate due to the outbreak of COVID-19. As per a new Research Dive published report, the global protective face masks market accounted for $1,073.1 million in 2019 and is projected to surpass $2,467.5 million by 2027. Comprehensive analysis on drivers, challenges, restraints, lucrative opportunities, and strategies implemented by market players and governments across the globe to sustain in the COVID-19 crisis are further offered in the report.

Pre Market Forecast and the Current Market Scenario

The global protective face masks industry was likely to rise at a CAGR of 10.2% by 2027 prior to COVID-19 crisis. While due to the COVID-19 pandemic, now the market is predicted to rise at a CAGR of 10.8% in the forecast period. This is mainly due to the increasing need for protective face masks due to the increasing cases of COVID-19.

The projected pre COVID-19 market size for protective face masks market was $1,176.5 million in 2020 and is expected to witness an impressive growth and reach up to $1,205.6 million due to COVID-19 pandemic. A number of companies are highly focusing on increasing the production of face masks owing to its high demand in the pandemic crisis. For instance, Arizona PPE Company has started mask production at Mesa facility.

Prominent Players of the Industry

The major players functioning in the global protective face masks market are 3M, Reckitt Benckiser Group plc, Polison Corporation, Moldex-Metric, Inc., JSP Ltd., Intech Safety Private Limited, Alpha Solway Ltd, Mine Safety Appliances (MSA) Company, Ansell Limited, and Delta Plus Group. The report summarizes various aspects of all these key players including product portfolio, financial performance, SWOT analysis, and recent strategic moves & developments.

Post-Pandemic Market Analysis

As per the report, the global protective face masks market is predicted to sustain its progressive growth even after the pandemic. The rising concern of people related to health & safety and the rising demand for face masks from healthcare institutions are expected to be the significant factors projected to boost the global market growth during the forecast period. In addition, the focus of most companies on developing innovative protective masks is predicted to create enormous growth opportunities in the global market after COVID-19 pandemic.

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Regional Outlook: Medical Pendant Market Is Expected To Grow with a Healthy CAGR During 2021-2027

The COVID-19 pandemic has impacted the global medical pendant market in a positive way. The reason attributing to the growth of the market is the surge in the medical engagement of COVID-19 patients and increasing demand of smart and effective patient care 24/7. The leading players of the market are focusing on developing strategies to sustain the market growth in the post-pandemic market.

The latest research report on the global medical pendant market by Research Dive reflects the influence of COVID-19 pandemic on the present and forthcoming growth of the global market. This report is a professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 catastrophe.

Highlights of the Report

– As per a pre-COVID analysis, the market was expected to garner a CAGR of 7.3% during the forecast period.
– The real-time CAGR of the market is 8.1% according to the latest report for the forecast period.
– The market was estimated to reach a revenue of $ 439.2 million in 2020 as per the pre-pandemic analysis.
– The real-time global market has garnered a revenue of $450.5 million.

Factors Attributing to the Growth of the Market

As per our analysts, rapidly growing demand for medical pendants along with hike in government investments to improve hospital amenities are fueling the market growth. Apart from that, the growing numbers of COVID-19 patients in hospitals and the need for undivided attention and care of these patients have increased the demand for medical pendants.

Impact of COVID-19 of the Market and Current Scenario

The leading players of the market are focused on developing new, innovative strategies to sustain the market growth. For example, in May 2019, European investment bank (EIB) has lend about $129 million to Drager, a leading company in medical and safety technology, for R&D investments to improve medical technology development.

Future Scope of the Market

According to the report, the global medical pendant market is projected to maintain a sustainable growth post the pandemic. New entrants and leading players are expected to bring in some newer innovative advances and rewarding opportunities for the market in next few years. The report also summarizes other important aspects of the key players including financial performance, product portfolio, SWOT analysis, and recent strategic moves and developments.

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Future Growth: Pneumonia Therapeutics Market Anticipated for Progressive CAGR Growth During 2021-2027

The coronavirus outbreak has impacted the global pneumonia therapeutics market in a positive way. The main reason behind this growth is the non-availability of treatment for COVID-19. The leading players of the market are focusing on developing strategies to sustain the market growth in the post-pandemic market.

The latest research report on the global pneumonia therapeutics market by Research Dive reflects the influence of COVID-19 pandemic on the present and forthcoming growth of the global market. This report is a professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 catastrophe.

Highlights of the Report

– As per the previous report, the global pneumonia therapeutic market was expected to grow at a CAGR of 7.8% during the forecast period.
– The real-time CAGR has been recorded at 8.2% in a new analysis.
– The market was estimated to reach $1,783.1 million in 2020 as per the pre-pandemic analysis.
– The real-time (2020) market size has reached a revenue of $1,817.1 million.

Factors Accelerating the Growth of the Market

The primary factor behind the growth of the global pneumonia therapeutics market is obviously the increasing transmission of the highly infectious and fatal virus. Pneumonia being the most prevalent symptom of COVID-19, the demand for pneumonia therapeutics has been increased.

Current COVID-19 Impacted Scenario of the Market:

The leading players of the market are focused on developing new, innovative strategies to sustain the market growth. For instance, BioAegis therapeutics has recently received approval to proceed with phase 2 trial of its gelsolin COVID-19 Treatment. Gelsolin is a key component of the body’s immune system. BioAegis is in a unique position to deliver therapeutics that have the potential to disrupt the course of the cytokine storm created by COVID-19.

Future Scope of the Market:

According to the report, the global pneumonia therapeutics market is projected to maintain a sustainable growth post the pandemic. New entrants and leading players are expected to bring in some newer innovative advances and rewarding opportunities for the market in next few years. The report also summarizes other important aspects of the key players including financial performance, product portfolio, SWOT analysis, and recent strategic moves and developments.

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Competitive Scenario: Patient Handling Equipment Market Expected to Witness Rapid Expansion by the End of 2027

The emergence of COVID-19 all over the world has impacted the global patient handling equipment market in a positive way. This is mainly due to the growing demand for patient handling equipment from various healthcare institutions for COVID-19 affected patients. Moreover, the rising geriatric population and growing incidents of physical disabilities are expected to be the major factors to drive the market growth after COVID-19 pandemic.

The global patient handling equipment industry is likely to witness an increase in growth rate due to the outbreak of COVID-19. As per a new Research Dive published report, the global patient handling equipment market accounted for $8.8 billion in 2019 and is projected to surpass $17.1 billion by 2027. Comprehensive analysis on drivers, challenges, restraints, lucrative opportunities, and strategies implemented by market players and governments across the globe to sustain in the COVID-19 crisis are further offered in the report.

Pre Market Forecast and the Current Market Scenario

The global patient handling equipment industry was likely to rise at a CAGR of 7.8% by 2026 prior to COVID-19 crisis. While due to the COVID-19 pandemic, now the market is predicted to rise at a CAGR of 8.5% in the forecast period. This is mainly due to the growing need for patient handling equipment to healthcare institutions for COVID-19 affected patients.

The projected pre COVID-19 market size for patient handling equipment market was $9.4 billion in 2020 and is expected to witness an impressive growth and reach up to $9.7 billion due to COVID-19 pandemic. A number of organizations and companies are focused on increasing the production of beds with advanced technology owing to high demand for beds during COVID-19 crisis. For instance, the Indian Defense Institute of advanced technology, in July 2020 developed medical bed isolation system namely, ‘Aashray’ to combat COVID-19.

Prominent layers of the Industry

The key players functioning in the global patient handling equipment market are Antano Group, ORTHOS XXI, Drive Medical, Prism Medical, Ossenberg, Handicare, Joerns Healthcare, HoverTech International, Guldmann, and Stiegelmeyer. The report summarizes various aspects of all these key players including product portfolio, financial performance, SWOT analysis, and recent strategic moves & developments.

Post-Pandemic Industry Landscape

As per the report, the global patient handling equipment market is predicted to sustain its progressive growth even after the pandemic. The increasing geriatric population worldwide and the growing incidences of physical disabilities are expected to be the significant factors boosting the global market growth in the forecast period. For instance, according to the World Health Organization (WHO), about 15% of the global population lives with some form of disability, out of which 2% to 4% experience significant difficulties in functioning. Besides, a surge in private nursing care and technological advancements in patient handling equipment is anticipated to propel the market growth after COVID-19 pandemic.

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Growth Outlook: Hand Sanitizer Market Is Projected to Grow at a Substantial Rate by 2027 - Report by ResearchDive

The communal transmission of coronavirus has created a considerable impact on the global hand sanitizer market. Moreover, gel-based hand sanitizer will have significant market share in the forecast period. The online distribution channel shall witness newer heights. The Asia-pacific hand sanitizer market will create huge opportunities for investors. The notable players operating in the hand sanitizer industry are following effective strategies, to acquire a global position in the marketplace.

The outbreak of the COVID-19 pandemic has positively affected the growth of the hand sanitizer market, during the analysis period. The sustainability of the global hand sanitizer market is mainly attributed to the growing concern of personal safety into consumers. In addition, the growing prevalence of viral disease worldwide is also offering massive demand for the hand sanitizer product, in the analysis period. Though the markets across the world have implemented industrial shutdown in order to curb the harmful impact of the transmission, the global hand sanitizer market has shown positive growth. The organizations operating in hand sanitizer manufacturing are adopting several strategies such as strategic alliances and product & technology innovation. For example, in June 2020, Procter & Gamble (P&G), has announced to release of newly innovated ‘safeguard sanitizer’. Moreover, the company is planning to increase its manufacturing capacity up to 45,000 liters of Safeguard hand sanitizer per week. Such implementation of strategies by leading companies is expected to offer significant opportunities for the global hand sanitizer market, during the review period.

Our reports include the following:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

As per the research conducted by Research Dive, the global hand sanitizer market is set to register a revenue of $14,521.7 million by 2027, at a healthy CAGR of 24.2% during the analysis period. The segmentation of the market has been done based on the product, distribution channel, and region. The report provides valuable information on future opportunities, driving and restraining factors, segments, and key manufacturers of the market.

Factors Affecting the Market Growth

As per our analyst estimates, the significantly increasing personal safety and hygiene concerns among the consumer during the pandemic is projected to fuel the global hand sanitizer market growth. On the other hand, the health hazards associated with chemical ingredients are expected to obstruct the growth of the global hand sanitizer market.

The Gel-Based Hand Sanitizer to be the Most Lucrative

On the basis of product, the global market for hand sanitizer is mainly categorized into gel, foam, liquid, and other. The market size for the gel-based hand sanitizer will be $8,161.2 million in 2027 and is expected to rise at 24.6% CAGR; owing to the easy product availability and cost-effectiveness.

The Online Distribution channel will have Significant Market growth, During the forecast period

Based on the distribution channel, the global hand sanitizer market is majorly classified into hypermarket and supermarket, specialty store, online, and drug store. The market size for the online segment shall be $3,383.5 million in 2027 and is expected to grow at 25.1% CAGR. The growing influence of digital media and marketing, rising internet penetration in multiple developing nations such as India, Mexico, and Brazil is projected to boost the segment growth, during the analysis timeframe.

Geographical Analysis and Major Market Players

Based on the region, the global hand sanitizer market is classified into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific hand sanitizer market valued at $3,949.9 million in 2027 and is expected to rise at 24.9% CAGR during the analysis period. The growth of the Asia-Pacific hand sanitizer market is majorly driven by the rising prevalence of viral infectious diseases, the growing emphasis on product innovations, and increased personal safety concerns particularly in China, India, Australia, and South Korea countries.

The key manufacturers of the global hand sanitizer market include Reckitt Benckiser Group plc., The Himalaya Drug Company., Procter and Gamble, Dr. Bronner’s Magic Soaps, GOJO Industries, Inc., Best Sanitizers, Inc., Ningbo Jiangbei Ocean Star Factory & Trading Co., Ltd, Vi-Jon, Unilever., and Farouk Systems Inc.

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Top Scenario: Digital Health Market 2021 to Witness Excellent Long-Term Growth Outlook - Report by ResearchDive

The coronavirus outbreak has influenced the digital health industry fairly and positively. Expanded usage of digital healthcare applications is expected to fuel the demand for digital health during the forecast era. Markets are projected to provide investors with more growth prospects over time. Leading players of the market are predicted to unlock vibrant opportunities for the growth of the market in the forthcoming years by taking various initiatives.

The latest research report on the global digital health devices market by Research Dive reflects the influence of COVID-19 pandemic on the present and expected growth of the global market. This report is professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 catastrophe.

Highlights of the Report:

The global digital health market has witnessed remarkable growth in the previous years. The sudden outbreak of COVID-19 has impacted the market, bringing even more chances of growth. As per the report, the global digital health industry is expected to register a revenue of $1,045.8 million by 2027, at a growth rate of 33.4% during the forthcoming years. In the current situation, the market has garnered $139.1 billion in 2020, owing to the increasing awareness about digital healthcare applications across the healthcare industry.

Factors Driving the Market Growth amid COVID-19 Pandemic:

According to our researchers, the time addressing the expectations in artificial intelligence integration as well as the internet – of – things and big data analytics is the key driver of the industry growth in the forecast years. The expense to introduce digital health systems is nevertheless projected to be a major barrier to the development of the sector.

The report discloses the real-time CAGR recorded by the market during the pandemic. According to the report, the digital health market has earned a CAGR of 33.4% during the last few months of the crisis, while the pre-COVID-19 estimation was only 28.9%. The reason behind this growth is the growing necessity of growing adoption of digital healthcare applications as more and more people are aware of digital health services.

Current COVID-19 Impacted Scenario of the Market:

The leading players of the market are focused on developing new, innovative strategies to sustain market growth. Due to the increased awareness among people of the widespread coronavirus, domestic healthcare services are increasingly relevant to the need for digital health care services. It is projected that these factors drive demand growth in case of emergencies. In addition, several government agencies conduct different initiatives to support businesses with the crisis.

Future Scope of the Market:

According to the report, the global digital health market is projected to maintain sustainable growth post the pandemic. The report summarizes the following aspects of all key players

Business overview: Financial performance, Product portfolio, Recent strategic moves & developments, SWOT analysis.

New entrants and leading players including Allscripts Healthcare, LLC, CISCO, McKesson Corporation, AirStrip, Google Inc., Koninklijke Philips N.V., BioTelemetry, Inc., Honeywell International Inc., Cerner Corporation and Telefónica S.A. among others are expected to bring in some newer innovative advances and rewarding opportunities for the market in next few years.

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Industry Verticals: Ambulance Services Market Is Expected To Grow with a Healthy CAGR During 2021-2027

The global ambulance service market has shown to have a positive impact of the outbreak of the coronavirus pandemic. Increasing health concerns and occurrences of health disorders are a major reason for the progress of the market. The market is projected to continue with its growth even after the pandemic settles.

Ambulance services are provided in an equipped and specifically built automobile which constitutes of qualified medical attendants by an approved ambulance service provider for the injured or sick patient. The ambulance services concentrate mostly of accident and paramedic rescue services for both the swift and standardized diagnosis of victims.

Report Highlights

The report provides comprehensive insights into the prospects, key segments, constraints, drivers, and leading players in the ambulance services industry worldwide.

1. As predicted before the outbreak of the coronavirus, the CAGR accounted to 1.1% during the forecast period
2. Accounting the effect of the coronavirus outbreak, the CAGR is predicted to be 1.2% CAGR during the forecast period
3. Estimated market size in 2020, as predicted before the outbreak of the coronavirus was 27.8 billion
4. Real time market size (2020), involving the effect of the coronavirus outbreak is 32.1 billion

Forces Controlling the Growth of the Global Smart Learning Market:

The rapidly increasing prevalence of chronic diseases, the rising amount of road accident accidents, growing focus on the field of medical tourism and an aging population are the key reason for a strong increase in the ambulance services segment. Owing to the presence of existing companies worldwide, the global demand for ambulance services will likely grow dramatically in the international market in 2020.

Market Trends

The key players of the smart learning market are Acadian Ambulance Service., Envision Healthcare, Babcock Scandinavian AirAmbulance, ZIQITZA HEALTHCARE LIMITED, America Ambulance., Air Methods, DUTCH HEALTH B.V., BVG India Limited, London Ambulance Service NHS Trust, and Falck A/S.

There are several intelligent approaches for market players, including the development of new products and launches, upgrading the latest technologies, and alliances, and collaborations for achieving the highest market share. Product development, mergers, and acquisitions are the key strategies opted by the companies operating in this market.

Market Prospects

In a nutshell, it can finally be expected that this growing trend in the ambulance service market cannot be expected to cool shortly

The announcement of the launch of the Per4Max ambulance was made in May 2019 by Indiana Mills & Manufacturing Inc (IMMI), leader in innovative safeguards. Per4Max ambulance is easy to use and provides the proprietary managed deceleration system which will reduce the severity of g-force-related chest and head trauma to emergency crews. These innovation will produce tremendous competition on the global market for emergency services.

The report describes Porter’s five-force model to highlight the strategic analysis of market players. Moreover the report offers business overview of the key players in the market including financial performance, recent strategic moves & developments, product portfolio, and SWOT analysis of all top players of the market.

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