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Smart Medical Devices Market Size to Grow USD 34760 Million by 2028 with a CAGR of 19.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

Smart Medical Devices Market Size to Grow USD 34760 Million by 2028 with a CAGR of 19.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

BANGALORE, India, Jan. 6, 2023 /PRNewswire/ — The Global Smart Medical Devices Market is Segmented by Type (Blood Glucose Monitors, Heart Rate Monitors, Pulse Oximeters, Blood Pressure Monitors, Breath Analyzer, Medical Tricorder, Smart Clothing, Hearing Aid), by Application (Hospitals, Clinics, Homecare): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.

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Due to the COVID-19 pandemic, the global Smart Medical Devices market size is estimated to be worth USD 12120 Million in 2022 and is forecast to a readjusted size of USD 34760 Million by 2028 with a CAGR of 19.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the review period.

Major factors driving the growth of the Smart Medical Devices Market:

Increased government funding for product research, an increase in the number of people with diabetes, and rising healthcare costs are the main factors driving the expansion of the global market for medical devices.

Furthermore, it is anticipated that the growth of new technologies and intelligent wearables in emerging economies would create attractive chances for market expansion.

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TRENDS INFLUENCING THE GROWTH OF SMART MEDICAL DEVICES MARKET

Chronic problems are becoming more and more common. Additionally, a number of lifestyle changes may be connected to this development. One of them is having bad habits like not exercising enough, eating improperly, smoking, drinking, and other vices. Additionally, a number of health issues are influenced by markedly high-stress levels. Additionally, despite having a modern healthcare system and favorable payment policies, the United States has a very high prevalence of chronic illnesses. Another factor propelling the global market for smart medical devices is the growing fitness trend. As more people participate in physical activity for health reasons, such as jogging and playing sports, which promotes the use of medical equipment, the need for smart medical devices rises. This factor is expected to drive the growth of the Smart Medical Devices market.

Observing and assessing health data Smart offers a standard for comprehending and spotting any potential health problems. Measurement, tracking, and easy-to-understand presentation of health data are all made possible by personal medical devices. Heart rate monitors are one example of patient monitoring equipment. Heart rate monitors Blood pressure gauges the breathalyzer Smart Clothing and Medical Tricorders are useful for gathering data required for important decisions. Making the right choice at the appropriate moment can frequently increase the likelihood of a successful health outcome. This factor is expected to drive the growth of the Smart Medical Devices market.

It is frequently expensive to design, maintain, and fully implement high-quality healthcare systems. Utilizing all of the moving pieces of diagnoses, therapy, and patient monitoring successfully is difficult and frequently depends on exact timing and well-informed response. Medical practitioners may quickly and easily examine a patient’s current health status in real-time thanks to health monitoring gadgets, enabling them to make the right choice when it counts. But when these tools are put in the patient’s hands and utilized regularly every day, they show their greatest value. This factor is expected to drive the growth of the Smart Medical Devices market.

Due to the growing popularity of smartphones and the demand for wearable and medical devices that work with smartphones, the market is growing. Because of the cutting-edge methods already in use, the Smart Medical Devices market is growing on a global scale.

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SMART MEDICAL DEVICES MARKET SHARE

The smart medical device market in North America is expanding at the quickest rate and will continue to do so through 2027 as a result of the region’s strong healthcare sector and rising acceptance of cutting-edge technologies.

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Medical Device Coating Market size will be USD 19 billion by 2029 : GreyViews

Medical Device Coating Market size will be USD 19 billion by 2029 : GreyViews
GreyViews
GreyViews

Medical Device Coating Market Size By Product (Hydrophilic Coatings, Antimicrobial Coatings, Drug-eluting Coatings, Anti-thrombogenic Coatings, and Others), By Application (Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology, and Others), Regions, Segmentation, and forecast till 2029.

Pune India, Dec. 29, 2022 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the medical device coating market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the medical device coating market are present across various countries in the above-mentioned regions.

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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the product, application, and region. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global medical device coating market are Royal DSM, Surmodics, Inc., PPG Industries, Inc., Sono-Tek Corporation, Materion Corporation, Hydromer Inc., Precision Coating Company, Inc., Freudenberg Medical, AST Products, Inc., Biocoat Incorporated, Covalon Technologies Ltd., Harland Medical Systems, Specialty Coating Systems Inc., Medical Surface Inc., Merit Medical Systems, Inc., Medicoat, Allvivo Vascular, Inc. among others. To achieve a substantial market share in the worldwide medical device coating market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Antimicrobial coatings have become more crucial since the coronavirus pandemic started in order to inhibit the potential illness from spreading. Antimicrobial coatings are used on a variety of medical devices, including catheters, surgical instruments, implanted devices, contact lenses, and more. Polymer-based medical coatings are used on medical implants, safety gear, and tools and equipment for the medical sector. The rise in instances of ischemic heart disease and chronic obstructive pulmonary disease is driving the demand for medical device coatings. In European countries, manufacturers are subject to tight regulations. Therefore, producers need to increase R&D to keep up with changing governmental regulations in order to increase their credibility. The demand for ventilators, cardiovascular devices, catheters, sutures, guide wires, stents, syringes, mandrels, and other protective equipment used in the medical sectors will be driven by rising government investment and an increase in COVID-19 cases around the world. Medical device coating is crucial for protecting different kinds of medical equipment. The medical device is protected from any viral and microbial attacks while still having improved functionality and agility thanks to these coatings. Additionally, it has excellent dielectric, dry-film lubricity, and thermal stability, all of which are predicted to significantly grow the market throughout the forecast period.

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Scope of Medical device coating market Report

Report Metric Information
Study Period 2021-2029
Base Year           2021
Forecast Period 2022-2029
Market Share Unit 10 USD Billion
Segments Covered Product, Application, and Regions
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players Royal DSM, Surmodics, Inc., PPG Industries, Inc., Sono-Tek Corporation, Materion Corporation, Hydromer Inc., Precision Coating Company, Inc., Freudenberg Medical, AST Products, Inc., Biocoat Incorporated, Covalon Technologies Ltd., Harland Medical Systems, Specialty Coating Systems Inc., Medical Surface Inc., Merit Medical Systems, Inc., Medicoat, Allvivo Vascular, Inc. among others

Segmentation Analysis

The antimicrobial coatings segment is expected to be the fastest-growing segment in 2021. 

The product segment includes Hydrophilic Coatings, Antimicrobial Coatings, Drug-eluting Coatings, Anti-thrombogenic Coatings, and Others. The antimicrobial coatings segment is expected to witness the highest growth rate during the forecast period.  This is explained by their low cost and excellent compatibility with a variety of device materials, including metal, plastic, carbon fibre, composite materials, and stainless steel. The segment will expand as a result of increased implanted device use and rising R&D initiatives.

The cardiovascular segment is expected to be the fastest-growing segment in 2021. 

The application segment includes Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology, and Others. The cardiovascular segment is expected to witness the highest growth rate during the forecast period. Because more people are getting implants and cardiac pacemakers. The market will expand as a result of the increased demand for coronary stents with drug-eluting coatings. An increase in cardiovascular disease incidence will be brought on by increased usage of these devices, an aging population, poor eating habits, and a sedentary lifestyle. Additionally, during the forecast period, favourable government policies like reimbursement coverage and increased healthcare spending will support the expansion of the cardiovascular segment.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the medical device coating include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

  • The North America region witnessed a major share. This is due to both the availability of good healthcare services and the rise in cardiometabolic diseases including Pulmonary Embolism (PE) and Deep Vein Thrombosis. Additionally, it is projected that the need for medical device coating would rise in the next years as a result of the rapidly rising COVID-19 positive cases, the widespread use of cutting-edge surgical techniques, and the growing healthcare infrastructure in the United States.

Country Analysis

Germany’s medical device coating market size was valued at USD 0.15 billion in 2021 and is expected to reach USD 0.23 billion by 2029, at a CAGR of 5.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. The growing need for these materials in cardiology, general surgery, and neurology equipment is driving the market for medical device coatings.

China’s medical device coating market size was valued at USD 0.24 billion in 2021 and is expected to reach USD 0.44 billion by 2029, at a CAGR of 8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. A potential barrier to the market’s growth may be the adverse effects of antimicrobial coatings on human health, however significant technological developments in antimicrobial coating are opening up chances for regional markets for medical coatings.

India’s medical device coating market size was valued at USD 0.20 billion in 2021 and is expected to reach USD 0.36 billion by 2029, at a CAGR of 6.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. An surge in hospital-acquired infections has put more pressure on the healthcare system, which is cause for concern for the industry. The surge in illnesses contracted in hospitals has slightly raised the pressure on the healthcare sector. Antimicrobial coatings help decrease hospital acquired infections thanks to a variety of attributes, including biocompatibility.
Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven due to the Increasing awareness regarding the advancement of medical treatments is also likely to boost the demand for medical coatings.

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Healthcare Cloud Computing Market will grow to USD 29 billion by 2029 : GreyViews

Medical Device Coating Market size will be USD 19 billion by 2029 : GreyViews
GreyViews

GreyViews

Healthcare Cloud Computing Market By Application (Clinical Information Systems (CIS) and Non-clinical Information Systems (NCIS)), By Deployment (Private Cloud and Public Cloud), By Service (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS)), By End-User (Healthcare Providers and Healthcare Payers), Regions, Segmentation, and forecast till 2029.

Pune India, Dec. 28, 2022 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the healthcare cloud computing market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the healthcare cloud computing market are present across various countries in the above-mentioned regions.

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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the application, deployment, service, end user and region. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.

The significant players operating in the global healthcare cloud computing market are CareCloud Corporation; Athenahealth; ClearData Networks, Inc.; Cerner Corporation; Epic Systems Corporation; NextGen Healthcare; Carestream Corporation; Dell, Inc.; DICOM Grid, Inc.; INFINITT Healthcare; Sectra AB; Merge Healthcare, Inc.; Siemens Healthineers; iTelagen, Inc.; NTT DATA Corporation; Nuance Communications; and Ambra Health among others. To achieve a substantial market share in the worldwide healthcare cloud computing market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

For businesses of all sizes located anywhere, real-time data collection and improved access to the data are two advantages of healthcare cloud computing. The healthcare industry may store and access data via healthcare cloud computing, which provides a number of advantages. Due to the cloud’s ability to store massive volumes of data, its implementation as a useful data transportation and storage facility would revolutionize the slow speed of administrative activities in medical organizations. A database that monitors a patient’s medical history, notifies any institutions that require it, and updates it with new medical and health-related information may prove useful to medical professionals and pharmacologists. Digitization and cloud computing have emerged as major trends in a number of end-use industries, including healthcare. Since hospitals and other healthcare institutions are adopting technology to reduce errors and boost efficiency, cloud computing is emerging as a major trend in the healthcare industry. Additionally, it is anticipated that the industry would grow as a result of the widespread use of high-speed internet and the adoption of beneficial regulatory measures. During the forecast period, data privacy concerns, data portability issues, and an increase in cloud data breaches may restrain the growth of the healthcare cloud computing market.

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Scope of Healthcare Cloud Computing Market Report

Report Metric

Information

Study Period

2021-2029

Base Year          

2021

Forecast Period

2022-2029

Market Share Unit

USD Billion

Segments Covered

Application, Service, Deployment, End User, and Regions

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle-East and Africa

Major Players

CareCloud Corporation; Athenahealth; ClearData Networks, Inc.; Cerner Corporation; Epic Systems Corporation; NextGen Healthcare; Carestream Corporation; Dell, Inc.; DICOM Grid, Inc.; INFINITT Healthcare; Sectra AB; Merge Healthcare, Inc.; Siemens Healthineers; iTelagen, Inc.; NTT DATA Corporation; Nuance Communications; and Ambra Health among others.

Segmentation Analysis

The Non-clinical Information Systems (NCIS) segment is expected to be the fastest-growing segment in 2021. 

The application segment is Clinical Information Systems (CIS) and Non-clinical Information Systems (NCIS). The Non-clinical Information Systems (NCIS) segment is expected to witness the highest growth rate during the forecast period. Because more people are using cloud computing services for a range of purposes, including managing billing and accounts, managing revenue cycles, exchanging healthcare data, preventing fraud, managing supply chains, and managing finances.

Private cloud is expected to be the fastest-growing segment in 2021. 

The deployment segment includes Private Cloud and Public Cloud. The private cloud segment is expected to witness the highest growth rate during the forecast period. The so-called “Internal Cloud,” a private model, is a secured platform to which only permitted users to have access. This model is closely guarded and managed by the organization. Because of this, as of 2018, this segment has the largest revenue share. Users have access to numerous systems and services through a cloud hosting platform known as the public model. Businesses like Amazon, Microsoft, IBM, etc. provide these services.

Software-as-a-Service (SaaS) is expected to be the fastest-growing segment in 2021. 

The service segment includes Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). The Software-as-a-Service (SaaS) segment is expected to witness the highest growth rate during the forecast period. Because therapeutic settings frequently employ this paradigm. SaaS services include everything from inventory management to database processing and web-based email. Because the service provider basically controls both data and apps, the user can use the service whenever and wherever they choose.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the healthcare cloud computing include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

  • The North America region witnessed a major share. North America now owns a sizable portion of the healthcare cloud computing market and is anticipated to continue on this path. The US is a market leader in healthcare cloud computing, mostly as a result of the widespread use of healthcare IT services and ongoing financial and legislative backing from public institutions. The introduction of EHR and auxiliary technologies was sped up nationwide by the passage of the Health Information Technology for Economic and Clinical Health Act (HITECH Act). The Act’s provisions provide that up to a specific time period, healthcare providers will receive financial rewards for showing meaningful use of EHRs; however, after that time, fines may be assessed for failing to justify such usage.

Country Analysis

Germany’s healthcare cloud computing market size was valued at USD 0.18 billion in 2021 and is expected to reach USD 0.28 billion by 2029, at a CAGR of 6{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. The consumer adoption of multi-cloud techniques is expected to result in a positive trend for cloud computing. Cloud computing technology has entered a golden era and is becoming more and more popular across all commercial sectors as of recent. Germany’s firms should use cloud services as soon as possible because doing so will lower infrastructure costs and increase operational flexibility.

China’s healthcare cloud computing market size was valued at USD 0.39 billion in 2021 and is expected to reach USD 0.83 billion by 2029, at a CAGR of 10{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. China’s healthcare industry is expected to increase as a result of the rising adoption of cutting-edge technological solutions by care facilities to improve their processes and workflows and adequately handle the country’s expanding patient population.

India’s healthcare cloud computing market size was valued at USD 0.31 billion in 2021 and is expected to reach USD 0.57 billion by 2029, at a CAGR of 8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2029. The swiftly expanding information technology industry, which is luring both public and private investors, is displaying astounding potential. It is anticipated that this will speed up the industry’s overall development in the years to come.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven by the growing demand for integrated information systems majorly due to an increase in the prevalence of chronic diseases and the aging population.

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U.S. Durable Medical Equipment Market Size Value to Surpass USD 76.32 Billion By 2026, at 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR: Polaris Market Research

U.S. Durable Medical Equipment Market Size Value to Surpass USD 76.32 Billion By 2026, at 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR: Polaris Market Research

Polaris Market Research recently published [115+ Pages] research report on “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices); By End User: Segment Forecast, 2020 – 2026” in its research database.

According to the research report, the U.S. durable medical equipment market size was valued at USD 49.76 billion in 2019 and is anticipated to reach USD 76.32 Billion by 2026, growing at a CAGR of 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period.

Report Overview

Durable medical equipment is the equipment used by patients at home for everyday activity performance, although this equipment can be used outside the home. Walkers, wheelchairs, power scooters, and portable oxygen equipment are the few durable medical equipment solutions used by medical providers and patients.

The equipment is crucially used by elderly, sick, and handicapped people who need good support and security. With the growing older population, which is sensitive to various chronic diseases, such as diabetes, cancer, Cardiovascular Diseases (CVDs), and neurological disorders, the U.S. durable medical equipment market share is growing at a considerable rate over the assessment period.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Key Highlights of the Report

  • A detailed analysis of the market and sub-market forecast
  • Extensive details and analysis of contracts, projects, and programs
  • Analysis of technological trends and how these shape the industry
  • The in-depth description of technical factors and political regulatory
  • Outline of leading companies operating within the sector
  • SWOT analysis of the major key players operating in the market, together with the opportunities available and the key threads faces
  • S. durable medical equipment industry conclusions and recommendations

Some of the Top Players Are:

  • Invacare Corporation
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill Rom Inc
  • Stryker Corporation
  • Medline Industries Inc.
  • Drive Medical
  • GF Health Products Inc.
  • Carex Health Brands Inc

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Growth Driving Factors

  • Technological advancement is uplifting the market

The U.S. durable medical equipment market size is uplifting due to the growing old age population across the world in both evolved and evolving nations. This medical equipment provides comfort, which is expected to boost the industry demand over the assessment period. Technological advancement is one of the key factors driving the market share. Also, crucial medical devices, such as patient monitoring systems and mobility aids, are accelerating the industry.

Furthermore, the increasing prevalence of neurological diseases, including Parkinson’s, Alzheimer’s, and Epilepsy, are anticipated to be considered as the significant revenue share over the foreseen period. The requirement for durable medical equipment raised rapidly due to the COVID-19 outbreak in hospitals and clinics, which is expected to propel the U.S. durable medical equipment market demand during the prediction period. Also, the crucial factors responsible for driving the industry are the growing prevalence of cancer, cardiac disorders, gynecological complications, and ophthalmic ailments.

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Recent Developments

  • On 27th August 2021, Siemens Healthineers inaugurated a manufacturing facility for molecular diagnostic kits in Vadodara, Gujarat, with a production capacity of 25 million tests per annum.
  • On 15th September 2021, ArjoHuntleigha, the global medical technology company, was rewarded with an Innovative Technology Contract for the Provizio SEM Scanner with Vizient Inc. The Provizio SEM Scanner has unique qualities that help in the identification of pressure injury risk, which can help caregivers provide earlier interventions to reduce both patient suffering and healthcare costs.

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Segmental Analysis

  • The monitoring & therapeutic type segment is accounted for the highest market share

On the basis of product type, the U.S. durable medical equipment market segmentations are classified into personal mobility devices, bathroom safety devices & medical furniture, and monitoring & therapeutic devices. Out of all the monitoring and therapeutic devices held the largest market share in 2019. The factors accountable for the segment’s dominance is the enormous range of devices utilized in long-term care for several disorders, that includes neurological & cardiovascular, and cancer.

Further, the personal mobility devices segment is predicted to dominate the market over the assessment period. This segment is anticipated to propel due to the factor, i.e., the establishment of advanced technology products. Under this segment, the wheelchair sub-segment is anticipated to dominate the industry due to the rising demand for powered wheelchairs and the huge usage rate of these chairs.

Also, the bathroom safety devices and medical furniture are sub-segmented into commodes & toilets and mattress & bedding devices. The mattresses and bedding segment is expected to dominate the industry over the assessment period. The factors for the segment’s dominance are the rising frequency of chronic and other diseases, which gives rise to hospitalization.

  • The hospitals segment is predicted to grow at a considerable rate

On the basis of end-user, the U.S. durable medical equipment industry is segmented into several segments out of all the hospitals’ segment accounted for the highest market share in 2019. Technological advancement, rising patient flow, and the evolution of medical infrastructure are the factors accountable for the segment’s highest growth.

Moreover, ambulatory surgery centers are rising rapidly due to the number of ambulatory surgery centers rising hugely and boosting the demand for essential equipment and instruments, including durable medical equipment. The companies that provide durable medical equipment to several ambulatory surgery centers are Henry Schein Medical, McKesson, Medline, and others.

Browse the Detail Report “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices); By End User: Segment Forecast, 2020 – 2026” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/us-durable-medical-equipment-market

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Key Questions Answered in The Report Include:

  • What are the key factors driving the U.S. durable medical equipment market?
  • What are the business growth strategies adopted by developed and developing regions?
  • What are the key outcomes of the five forces analysis?
  • Who are the leading players active in the industry?
  • What’s the competition in this industry, both company, and country-wise?

Polaris Market research has segmented the U.S. Durable Medical Equipment market report on the basis of product and end-user

By Product Outlook

  • Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker and Rollators
  • Cranes and Crutches
  • Door Openers
  • Other Devices
  • Bathroom Safety Devices & Medical Furniture
  • Commodes and Toilets
  • Mattress & Bedding Devices
  • Monitoring & Therapeutic Devices
  • Blood Sugar Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps Market
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment
  • Insulin Pumps
  • Ostomy Bags & Accessories
  • Others

By End User Outlook

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Home Healthcare
  • Others

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Durable Medical Equipment (DME) Market To Reach USD 282900 Million by 2028 With A CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

Durable Medical Equipment (DME) Market To Reach USD 282900 Million by 2028 With A CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

BANGALORE, India, Nov. 22, 2022 /PRNewswire/ — Durable Medical Equipment Market Is Segmented By Type (Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, Monitoring, and Therapeutic Devices), By Application (Hospitals, Nursing Homes, Home Healthcare, Others): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.

Due to the COVID-19 pandemic, the global Durable Medical Equipment (DME) market size is estimated to be worth USD 173150 million in 2021 and is forecast to a readjusted size of USD 282900 million by 2028 with a CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period 2022-2028.

Major Factors Driving The Growth Of The Durable Medical Equipment Market

During the forecast period, the rising prevalence of cancer, cardiac disorders, neurological diseases, and gynecological complications is likely to fuel the Durable Medical Equipment market.

Furthermore, due to the government-imposed lockdown resulting from the COVID-19 pandemic, the supply chain for durable medical equipment (DME) had been disrupted. There have been supply-chain disruptions for products like nebulizers, CPAP and RAD machines, and oxygen equipment. High-risk patients have experienced difficulties as a result of the supply’s storage, which has raised the demand for all Durable Medical Equipment.

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TRENDS INFLUENCING THE GROWTH OF THE DURABLE MEDICAL EQUIPMENT MARKET

DME can increase safety while reducing the need for caregiver help for people with disabilities. By boosting a person’s independence with functional mobility and daily living tasks, it can significantly improve their overall quality of life. It is beneficial to work with a multidisciplinary team, which consists of physiatrists or other specialty doctors, occupational therapists, physical therapists, speech and language pathologists, rehabilitation nurses, and social workers when assessing a patient’s need for DME to improve function. DME lessens the need for caregiver help by enabling people to become more independent. The potential for greater independence opens up more opportunities to improve the psychological health and social integration of people with disabilities. This factor is expected to drive the growth of the Durable Medical Equipment market.

Acute care furniture has traditionally been designed with the needs of patients in mind, with little thought given to including elements that would be useful to other stakeholders. Medical furniture should be designed and assembled with the patient’s care as the primary priority, but more and more products are being offered to reduce the effort and physical strain on clinical staff. The delivery of high-quality care is made possible by streamlining clinical workflows, choosing materials that help prevent infection, and including features that encourage independence and empowerment. This factor is expected to fuel the growth of the Durable Medical Equipment market.

The increasing use of Durable Medical Equipment in Bathrooms in hospitals and elderly care centers is expected to fuel the market. The most challenging aspect of the profession may be designing restrooms for a healthcare center. Because there are so many demands to be met in such a tiny area, issues like infection control, accessibility, and safety are much more important than they are in a typical public restroom. With more grab bars and improved wheelchair access, bathrooms are becoming more difficult to use for senior people. Nurses can see any issues more clearly from their station if the bathroom is placed outboard or up against the outer wall.

Since the start of the COVID-19 pandemic, a number of reasons have led to an increase in the demand for durable home medical equipment. Patients being transferred out of skilled nursing facilities (SNFs) – As SNFs suffered outbreaks and hospitals discharged high-acuity patients, many HME suppliers noticed an increase in demand for their home-based medical equipment during the pandemic. This trend will fuel the Durable Medical Equipment market.

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DURABLE MEDICAL EQUIPMENT MARKET SHARE

Due to the significant patient load associated with the global rise in chronic diseases, as well as the improved financial and service capacities of these healthcare settings, hospitals lead the end-user segment.

Due to the rise in the target population base with rising chronic diseases, the need for medical equipment by patients, and supportive government initiatives, the Asia Pacific is anticipated to see the quickest growth throughout the projection period. Additionally, the development of the region will be aided by economic advancements achieved by nations like China, India, and South Korea as well as improvements to the regional healthcare system.

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Key Companies:

  • Invacare
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill Rom
  • Stryker
  • Medline
  • Drive Medical
  • GF
  • Carex

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Online Education Market Size is projected to reach USD

Online Education Market Size is projected to reach USD

New York, United States, Aug. 24, 2022 (GLOBE NEWSWIRE) — Online education imparts knowledge to students via electronic means, such as videos, audio, e-books, AR/VR, or any other electronic means. Online education provides students with numerous advantages, including a low cost of education and specialized course learning. Moreover, e-learning has become integral to most organizations because it improves employee performance.

The rise in remote learning during the pandemic and demand for low-cost, convenient learning systems contribute positively to market expansion. In addition, the increasing use of AI and machine learning in e-learning systems contributes to the market’s global development. However, factors such as the absence of face-to-face interactions in e-learning systems and the requirement for greater self-motivation restrain the expansion of the e-learning market. It is anticipated that several emerging trends, including microlearning, gamification, and adaptive learning, will present lucrative opportunities for the market’s expansion.

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Internet Adoption and Growing Demand for Online Learning Drives the Global Market

Internet penetration has exploded as technology and infrastructure have developed worldwide, allowing individuals and businesses to reach new heights. The education industry has outgrown other sectors in the digital disruption by offering distance learning courses to all ages. Many students use online education technologies to fulfill their educational needs without leaving their homes, offices, or cities, which are cost-effective and a great online tool contributing to the growth of the online education market.

Development of skills and increased employment opportunities are the primary forces behind expanding the market for online education. Students emphasize developing their skills to advance their careers and add depth to their knowledge. As a result, it is anticipated that the growth of the online education market will be fueled by the increased adoption of skill development through online certifications on digitized platforms, particularly in tier 1 cities.

Integrating Artificial Intelligence and Machine Learning in Online Education Creates Tremendous Opportunities

AI and machine learning have increased on e-learning platforms because they allow for the customization of content based on each student’s prior knowledge. AI and ML can quickly analyze large amounts of data and identify patterns and trends to optimize and improve learning experiences. It simplifies, accelerates, and increases course adaptability without sacrificing quality. Automatic translation and localization have improved eLearning development. Multilingual content can be developed for multinational corporations with branches in various nations or the increasingly common occurrence of multinational corporations working with remote teams who speak different languages.

Report Scope

Report Metric Details
Market Size USD 198.9 billion by 2030
CAGR 23.12{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion )
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Component Type, Product Type, End-Users and Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Lynda.com (US), Tata interactive systems (India), Mcgraw-hill education (US), Blackboard inc. (US), Aptara inc. (US), Powerschool group LLC (US), K12 inc. (US), Udacity, inc. (US), Cisco Systems, inc. (US), Skills2learn ltd. (UK), City & guilds group (UK), Citrix education inc. (US), Centerpoint systems inc. (US), Docebo (Canada), Adobe systems inc. (US), Articulate Global, inc. (US), Cornerstone on demand, inc. (US),
Key Market Opportunities Growth in the Use of Artificial Intelligence and Machine Learning to Boost Market Opportunities
Key Market Drivers Growing Internet Penetration to Boost Market Progress

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Regional Analysis

North America will dominate the global online education market during the forecast period. The main reason is the presence of a well-established infrastructure and a highly skilled labor force.

Asia-Pacific will emerge as the second dominating region in the global online education market during the forecast period. The factors responsible for the growth of the Asian-Pacific market will be the increasing usage of the internet and the rising adoption of smartphones.

Key Highlights

  • The global online education market size was valued at USD 30.60 billion in 2021. It is expected to reach USD 198.9 billion by 2030, growing at a CAGR of 23.12{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period (2022–2030).
  • Growing Internet Penetration to Boost Market Progress
  • Low Income and Internet Accessibility to Restrict Market Growth
  • Growth in the Use of Artificial Intelligence and Machine Learning to Boost Market Opportunities
  • North America will dominate the global online education market during the forecast period. The main reason is the presence of a well-established infrastructure and a highly skilled labor force.

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The global online education market’s major key players are

  • Lynda.com (US)
  • Tata interactive systems (India)
  • Mcgraw-hill education (US)
  • Blackboard inc. (US)
  • Aptara inc. (US)
  • Powerschool group LLC (US)
  • K12 inc. (US)
  • Udacity, inc. (US)
  • Cisco Systems, inc. (US)
  • Skills2learn ltd. (UK)
  • City & guilds group (UK)
  • Citrix education inc. (US)
  • Centerpoint systems inc. (US)
  • Docebo (Canada)
  • Adobe systems inc. (US)
  • Articulate Global, inc. (US)
  • Cornerstone on demand, inc. (US)
  • Learning pool (UK)
  • Microsoft Corporation (US)
  • Sap Se (Germany)
  • Adobe systems inc. (US)
  • Saba Software (US)
  • Oracle Corporation (US)
  • KallidUS ltd. (UK)
  • Edmodo (US)

Global Online Education Market: Segmentation

By Component Type

By Product Type

  • Content
  • services
  • Based on learning 
  • Synchronous 
  • Asynchronous.

By End-Users

  • K-12
  • Higher education
  • Industry and professionals

By Regions

  • North America
  • Asia-Pacific
  • Europe

TABLE OF CONTENT

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Online Education Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Component Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. Hardware
      1. Market Size & Forecast
    3. Software
      1. Market Size & Forecast
  5. Product Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. Content
      1. Market Size & Forecast
    3. Services
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Component Type
        2. By Product Type
      3. Canada
        1. By Component Type
        2. By Product Type
      4. Mexico
        1. By Component Type
        2. By Product Type
      5. Latin America
        1. By Component Type
        2. By Product Type
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Component Type
        2. By Product Type
      3. France
        1. By Component Type
        2. By Product Type
      4. U.K.
        1. By Component Type
        2. By Product Type
      5. Italy
        1. By Component Type
        2. By Product Type
      6. Spain
        1. By Component Type
        2. By Product Type
      7. Rest of Europe
        1. By Component Type
        2. By Product Type
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Component Type
        2. By Product Type
      3. China
        1. By Component Type
        2. By Product Type
      4. Australia
        1. By Component Type
        2. By Product Type
      5. India
        1. By Component Type
        2. By Product Type
      6. South Korea
        1. By Component Type
        2. By Product Type
      7. Rest of Asia-Pacific
        1. By Component Type
        2. By Product Type
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Component Type
        2. By Product Type
      3. South Africa
        1. By Component Type
        2. By Product Type
      4. Kuwait
        1. By Component Type
        2. By Product Type
      5. Rest of Middle East & Africa
        1. By Component Type
        2. By Product Type
  7. Company Profile
    1. Lynda.com
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Tata interactive Systems
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Mcgraw-hill education
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations

Table of Content and Figure @  https://straitsresearch.com/report/online-education-market/toc

Market News

  • May 2022- Class Reached Definitive Agreement to Acquire Anthology’s Blackboard Collaborate. Anthology, a provider of education solutions that support the entire learner lifecycle, and Class Technologies Inc., a leader in the synchronous virtual classroom space, have announced that they have signed a definitive agreement for Class to acquire Anthology’s Blackboard Collaborate virtual classroom tool.

News Media

This is Why Online Education is Better Than the Offline Model

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