#COVID-19 Impacts On U.S. Healthcare Staffing Market
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U.S. Healthcare Staffing Market Driven By Cost-Effectivity Of Temporary Staffing
The U.S. healthcare staffing market size is expected to reach USD 34.7 billion by 2030, exhibiting a CAGR of 5.6% from 2022 to 2030, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for medical services and shortage of nurses and other medical staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming years.
According to the Bureau of Labor Statistics (BLS), around 500,000 nurses will retire over the next few years. Also, according to the Association of American Medical Colleges, there will be a shortage of around 21,000 to 55,200 primary care doctors by 2032. The shortage of physicians in the coming years is likely to drive the market. In addition, the increasing need for a home care workforce, such as dieticians, nutritionists, nurses, therapists, and home care aides, is also expected to boost the market growth.
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Technological advancements are one of the major drivers of rising healthcare employment. With the advent of various innovations, such as telehealth and medical informatics, the need for skilled labor to handle both technical and non-technical aspects of these devices has increased. Hence, recruitment of new professionals along with training of existing ones has become essential. The flexibility in work timings and attractive wages are primary reasons for the increasing number of nurses becoming per diem and travel nurses.
A rising number of medical facilities and new construction projects are anticipated to create more jobs for medical professionals. For example, in April 2021, the U.S. Department of Health and Human Services (HHS) announced USD 1 Billion support for health centers' construction and renovation projects from the American Rescue Plan. The aforementioned factors are anticipated to propel market growth.
During the COVID-19 pandemic, demand for staffing services and workforce technology solutions increased dramatically. The increasing incidence of COVID-19 infections significantly fueled the demand for travel and per diem nurses. According to a poll conducted by Avant Healthcare Professionals, 90% of the medical facilities accepted using travel nurses for management of COVID-19 patients in 2020, compared to less than 60% in 2019. On the other hand, the demand for locum tenens specialists and allied health professionals decreased due to the cancellation of elective surgeries.
#U.S. Healthcare Staffing Market Size & Share#U.S. Healthcare Staffing Market Latest Trends#U.S. Healthcare Staffing Market Growth Forecast#COVID-19 Impacts On U.S. Healthcare Staffing Market#U.S. Healthcare Staffing Market Revenue Value
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Ambulance Services Market SWOT analysis, Growth, Share, Size and Demand outlook by 2031 | Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service
Global Ambulance Services Market report from Global Insight Services is the single authoritative source of intelligence on Ambulance Services Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ambulance services are a vital part of the healthcare system. They provide a way for patients to get to the hospital in an emergency situation. Ambulances are typically staffed by a team of paramedics and EMTs who are trained to provide medical care. They are equipped with life-saving equipment, such as defibrillators and oxygen tanks. Ambulances provide a vital service to the community and are an important part of the healthcare system.
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Key Trends
Some of the key trends in ambulance services technology are the use of drones, artificial intelligence, and robotics.
Drones are being used to deliver medical supplies to remote areas and to transport patients to hospitals.
Artificial intelligence is being used to help dispatch ambulances and to diagnose patients. Robotics is being used to help patients with mobility issues and to provide medical care in remote areas.
Key Drivers
There are several key drivers of the ambulance services market.
First, the increasing number of accidents and emergencies is resulting in a greater demand for ambulance services.
Second, the aging population is another key driver of the market as older adults are more likely to need medical assistance.
Market Segments
By Transport Vehicle
Ground Ambulance
Air Ambulance
Water Ambulance
By Emergency Services
Emergency Services
Non-emergency Services
By Equipment
Advance Life Support (ALS) Ambulance Services
Basic Life Support (BLS) Ambulance Services
By Region
North AmericaThe U.S.
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Key Players
Envision Healthcare
London Ambulance Service NHS Trust
Acadian Ambulance Service
BVG India Limited
America Ambulance Services, Inc.
Falck Denmark A/S
Air Medical Group Holdings, Inc.
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Global Modified Starch Market is anticipated to grow at a CAGR of 19% during 2022-2027
Global Modified Starch Market was valued at US$ 12.7 Bn. in 2021. The Global Modified Starch Market size is estimated to grow at a CAGR of 3.1 % over the forecast period.
COVID-19 Impact Analysis on Global Modified Starch Market:
The analysis goes into great detail about how COVID-19 has affected the healthcare staffing markets in North America, Asia Pacific, the Middle East, Europe, and South America. In-depth study of the Healthcare Staffing market's options, difficult conditions, and difficult potentialities during this crisis is provided in the research. The report discusses the advantages and challenges of COVID-19's finance and market expansion. The document also provides a set of recommendations that are meant to aid readers in selecting and creating a plan for their business.
Global Modified Starch Market overview:
The research investigates the market segments for modified starch (Type, Raw Material, Function, Application, and Region). Regions and market participants have given data (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market study offers a comprehensive overview of the present, quick advancements occurring in all business sectors. Key data analysis is provided for the historical era from 2017 to 2020 using facts, figures, graphics, and presentations. The analysis examines the market's drivers, restraints, opportunities, and obstacles. Based on a detailed analysis of the current competitive landscape in the Modified Starch market, this MMR research contains investor suggestions.
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Global Modified Starch Market Segmentation:
Based on Type, the Modified Starch Market is segmented into Cationic starch, Etherified starch, Resistant starch, and Pregelatinized starch. Cationic starch is expected to grow at CAGR of 3% during the forecast period. The segment growth is attributed to the product’s distinctive properties of dry strength and emulsification of sizing agents, which are widely used in the paper sector. It is expected that a variety of retention and drainage capabilities will boost product demand in the paper industry. Due to the ability of foods to improve texture and shelf life, increased consumption of these products in baked goods, dairy products, and cooked foods is expected to stimulate their demand. The positive outlook for the food and beverages industry in China and India also drives this segment. These emerging markets are anticipated to witness significant growth in the pharmaceutical industry due to increased consumer demand for pharmaceuticals which will increase demand for products over the forecast period.
Global Modified Starch Market Key Players:
• Archer daniels midland • Avebe U.A. • Cargill incorporated • Emsland strake GMBH • Global bio chem technology co ltd • Grain processing corporation • Ingredion incorporated • Roquette Freres • Tate & Lyle plc • Universal starch chem allied • SMS corporation • Tereos • Lyckeby • Novidon
Global Modified Starch Market Regional Analysis:
North America is expected to witness a significant growth at a CAGR of 3.4% through the forecast period, due to its innovation and development of new products. Rising consumer knowledge of the health benefits of eating low-fat foods is expected to drive the product demand in the U.S., which is one of the world's largest corn and corn starch producers. Owing to the increased product demand in the animal feed sector, Canada is the second-largest contributor to the North American market.
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The reports also help in understanding the Modified Starch Market dynamic, and structure by analyzing the market segments and projecting the Modified Starch Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Modified Starch Market make the report investor’s guide.
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Healthcare Staffing Market Size, Revenue, Future Plans and Growth, Trends Forecast 2027
Healthcare Staffing Market Overview:
The study covers the Healthcare Staffing market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Healthcare Staffing Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Healthcare Staffing Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope:
Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Healthcare Staffing industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Healthcare Staffing market, this study provides a full analysis of these trends and obstacles.
Market Statistics:
The report provides the market size and share of the Healthcare Staffing market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Healthcare Staffing market.
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Key Players:
• Aya Healthcare • Favorite Healthcare Staffing Inc. • HealthTrust Workforce Solutions • InGenesis, Inc. • Jackson Healthcare • Maxim Healthcare Services • Medical Solutions • Soliant Health • Supplemental Health Care • Syneos Health • TeamHealth • Trustaff
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Healthcare Staffing market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Healthcare Staffing Market:
The report has identified detailed impact of COVID-19 on Healthcare Staffing market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Healthcare Staffing market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Healthcare Staffing Market Report are:
Which product segment grabbed the largest share in the Healthcare Staffing market?
How is the competitive scenario of the Healthcare Staffing market?
Which are the key factors aiding the Healthcare Staffing market growth?
Which region holds the maximum share in the Healthcare Staffing market?
What will be the CAGR of the Healthcare Staffing market during the forecast period?
Which application segment emerged as the leading segment in the Healthcare Staffing market?
Which are the prominent players in the Healthcare Staffing market?
What key trends are likely to emerge in the Healthcare Staffing market in the coming years?
What will be the Healthcare Staffing market size by 2027?
Which company held the largest share in the Healthcare Staffing market?
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Temporary Labor Market Impact of COVID-19, Product and Development Study, 2025
The global temporary labor market size is projected to touch USD 673.43 billion by 2025, according to a new report by Million Insights. The market is projected to register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak working periods are supplementing the market demand.
With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost of the projects and increase the efficiency of their operations.
Further, governments across the globe are introducing various programs such as smart cities construction, healthcare schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring workers for different tasks including agricultural and non-agricultural.
Market Share Insights
Major players in the market include Allegis Group, ManpowerGroup Inc., Robert Half International Inc. Westaff, Hays plc, Randstad N.V, Kelly Services, Inc., Persol Holdings Co. Ltd and Adecco. These players are engaged in designing new products and services with an aim to get a competitive edge in the market. For example, ManpowerGroup Inc. launched IntelliReach, which will digitalize management tools.
Further, players are emphasizing mergers and acquisitions to strengthen their dominance in the market. For example, Adecco, in September 2017, acquired Biobridge LLC to expand its base in professional staffing offerings in the field of medical devices, pharmaceuticals, and biotechnology.
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Regional Insights
In 2018, Europe occupied the largest market share by value and accounted for USD 149.61 billion. The rise in the number of temporary workforce in manufacturing sectors including automobiles is proliferating the growth in the region. Further, the demand for temporary labor is projected to grow with an increasing number of enterprises in Europe.
On the other hand, Asia Pacific is predicted to grow at a steady rate over the next few years. The introduction of several healthcare programs by governments is anticipated to fuel the demand for temporary healthcare workers in the region. For example, the Indian government has introduced different healthcare programs such as Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), National Aids Control Program, and National Vector Borne Disease Control Program (NVBDCP). Such schemes are projected to create the need for temporary laborers, thereby, attributing to the growth of the market.
COVID-19 Impact Insights
The temporary labor market has witnessed a mixed response owing to the outbreak of COVID-19. The pandemic has led to the closure of various activities including manufacturing, mining, and construction among others. The social distancing norms and growing focus on curbing the COVID-19 spread have led to labor migration, consequently, affecting the market growth.
However, with the systematic reopening of economies, the demand for temporary labor is rising owing to their easy and cost-effective procurement. The significant drop in the temporary labor requirement has caused unemployment both skilled and unskilled labor, this makes the availability of labor easy.
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Significant Impact of COVID-19 on Neurophotonics | Healthcare Industry
Impact of COVID-19 on Neurophotonics in Healthcare Industry
Coronavirus disease (COVID-19), also known as SARS-CoV-2 or 2019-nCoV, is a human infectious disease caused by the Coronavirus that causes extreme acute respiratory syndrome. On March 11th, 2020, the World Health Organization declared the coronavirus COVID-19 outbreak to be a pandemic due to the rapid rise in human infection rates (WHO).
Manufacturers are required to qualify a new contract manufacturer (or new manufacturing facility) to supply raw materials. Any changes in the third party for the supply of raw materials, components, and commercialization of ophthalmic surgery devices could increase cost of production and can reduce profit margins, forcing manufacturers to increase the prices of the product to remain operative in the market.
Neurophotonics is an open-access journal that publishes research on improvements in optical technology for brain research and their impact on basic and clinical neuroscience applications.
In the current situation, producers face difficulties with existing immature goods suppliers or contractors who are at risk or closed or unable to meet supply requirements due to challenges such as extended closing hours or staffing.
STRATEGIC DECISIONS FOR MANUFACTURERS
Many neurophotonics products market players are creating new strategies to deal with the COVID-19 outbreak challenges. The companies are now opting for digital media such as telecommunication, mobile applications, webinars, and other digital media to support the patient requires tackling the pandemic situation and increasing the company revenue and growth. Moreover, to accomplish the market demand, small market players utilizing the partnership agreement strategy. It is predicted that these strategies are anticipated to escalate up the company revenue and its growth in the forecasted period.
The key players engaged in providing products face challenges to keep the growth during coronavirus and maintain the demand and supply chain with the proper protection of their employees.
During the epidemic, telemedicine has become a fundamental approach for ophthalmologists to stay in touch with patients from the comfort of their own homes.
IMPACT IN DEMAND
The demand for optical coherence tomography for ophthalmology market is decreased with an increase in the number of COVID-19 cases and cancellation or deferral of elective surgeries. The ophthalmic lasers market saw a severe drop in the second and third quarters of 2020. The international supply of lasers was restricted due to a lockdown and severe procedure rules.
The COVID-19 scenario has resulted in the postponement of specific elective medical procedures, impacted the demand for reprocessing systems and services. Within the healthcare general surgery domain, there has been increased concern regarding the level of acquired infections. As the COVID-19 pandemic is accelerating at a fast pace, it has raised pressure for the healthcare systems to deal with potentially infectious patients.
The pandemic had placed severe pressure on the U.S. economy. The manufactures of ophthalmology and generic medications were impacted by the global epidemic due to the rise in demand for essential products and suppliers to prevent COVID-19. The demand will have a positive impact on the market growth.
IMPACT ON SUPPLY
The COVID-19 outbreak has disrupted the supply chains for the entire manufacturing sector. According to the Institute for Supply Chain Management, 75 percent of the companies reported disruptions in the supply chain due to restrictions in transportation by the coronavirus. Also, 50 percent of the companies reported unexpected delays in receiving the orders, a problem compounded by a supply chain information blackout from China.
Healthcare organizations have been firmly monitoring the supply chain with the assumption that the COVID-19 outbreak may adversely impact the supply chain of the medical product, including shortages of neurophotonics products or potential disruptions in its supply chains to minimize supply chain crises.
Several organizations are looking forward to improving and diversifying supply chain models in all aspects to manage such a crucial situation. A diversified supply chain model is anticipated to minimize the export of medical products and increase end-to-end visibility. The resulting COVID-19 pandemic has shown the various ways for supply chain management, which may be effective within a remote working environment.
The COVID-19 pandemic has transformed many organizations’ business environments; supply availability has been hampered by several issues, including export and travel restrictions by some producing countries and lockdowns that have forced suppliers to (temporarily) shut down. However, disturbance in the neurophotonics products market puts global supply chains at risk.
CONCLUSION
The impact of the novel COVID-19 virus is expected to leave a long-lasting impact on each industrial sector. The outbreak of COVID-19 prompted citizens to deal with confusion regarding the virus and its management. The virus poses a risk to human life and has caused economic distress and severe emotional strain. It produced a wave effect that gave rise to a new collection of requirements and needs that were not needed earlier.
There are no data on the safety, immunogenicity, or effectiveness regarding the treatment of patients with infections along with mild COVID-19 symptoms. The supply chain units are taking stringent measures and risk mitigation protocols to provide and distribute the diagnostic devices to the manufacturers to the customer. The presence of key market players for the development and launch of disposable PPE will increase net sales and show a surplus growth.
The growing prevalence of contagious infections and COVID-19 has necessitated a stable healthcare network and adequate emergency medical services (EMS). Hence the reprocessed medical devices should be readily available for the emergency treatment of patients who suffer from other chronic diseases apart from COVID-19. However, the changes in the International Standard Organization (ISO) for neurophotonics, the strict regulatory framework, the consequences of the contractual agreement, and the disruption in supply chain management can hamper the market growth.
Despite the indication of vaccination on the horizon, the pandemic is here to live for a considerable amount of time. However, the treatment will remain the same, irrespective of the SARS- COV 2 coinfection. The guidelines for the reuse of medical devices during the COVID -19 pandemic increase the need for prevention from infections. Specific recommendation guidelines should be taken care of while using reprocessed medical devices and services. A comprehensive approach for the prevention, screening and treatment of chronic diseases requires outsourced medical device services. This can reduce the cost savings. With the ongoing pandemic, the demand for topical medications and vaccines from the health community is increasing.
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India Social Media Advertising Spend in Health and Beauty Market, June 2021 Report On Size Insight Report 2021 to 2030 by Manufactures Types, End Users and Regions with COVID-19 Impact Analysis
In a recently published report, India Social Media Advertising Spend in Health and Beauty Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for India Social Media Advertising Spend in Health and Beauty Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Social media advertising spend by health & beauty brands in India stood at US$06 million by end of 2015, accounting for 3.2% of total social media advertising. During 2011-2015, social media advertising in this industry has increased at a CAGR of 53.1%. This has been continued in 2016 with brands expected to spend US$08 million, representing an increase of 39.1% over 2015. Over the period (2016-2020), Gradol Analytics observed social media ad spend by health & beauty brands to grow at a CAGR of 29.4% to reach US$24 million in 2020, accounting for 3.4% share of the market. This report answers the following key questions:
How is social media advertising spending expected to grow over the next five years? How much is being spent on social media advertising by health & beauty brands? How is social media mobile advertising spending expected to grow over the next five years? How is social media marketing budget being allocated and utilized by health & beauty brands? This report provides detailed social media advertising spend database, covering in-depth trend analysis by health & beauty brands for a period of 9 years (2019-2027). This report provides trend analysis through charts and tables. The social media advertising spend database breaks down into following five key areas – Market Share of Social Media: This report provides social media advertising spend growth dynamics, contextualizing it with broader online advertising spend. Budget Allocation: This report provides budget allocation by key segments including advertising, staffing, consulting, and technology. Channel Split: This report provides breakdown of social media advertising spend by desktop and mobile channels. Industry Split: This report provides advertising spending and growth analysis of health & beauty brand on social media advertising. Macroeconomic, Business and Consumer Drivers: Data centric trend analysis of business environment, infrastructure, technology and consumer trends driving the growth of social media advertising spend This report provides detailed social media advertising spend by health & beauty industry data and trend analysis for a period of 9 years (2019-2027) through charts and tables. Below is an overview covering scope of this report:
Country Focus: India Market Focus: Social Media Marketing Industry Focus: Health & Beauty Data & Analysis: This report provides an extensive data and trend analysis of the social media advertising spend in the India. This report provides:
Data covering future of social media advertising spend and its share in total online advertising.
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Social media advertising spend by health & beauty industry for a period of 9 years, from 2019 to 2027. Data covering future of social media mobile advertising spend and its share in social media advertising Social media marketing budget allocation for 2019 and how it is expected to change over the next five years. Detailed data centric trend analysis of business environment, infrastructure, technology and consumer trends driving the growth of social media advertising spend.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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Global Human Capital Management (HCM) Market Survey Report, 2020-2027
Global Human Capital Management (HCM) Market Report: Demand, Supply, Consumption, Competition, Production, Vendors, Sales, Value Chain, Statistical Analysis, Pricing, Segments, Regional Analysis, Volume, Revenue, Historical Data, and Projections 2020–2026
The Global Human Capital Management (HCM) Market research report contains an in-depth analysis of this market, in which key players are outlined. All the leading companies engaged with the Human Capital Management (HCM) market are examined. The Human Capital Management (HCM) market research report offers a comprehensive perspective of the market, which can help in making the right choice for the development of the Human Capital Management (HCM) market. The report offers essential information such as the CAGR value and SWOT analysis for the forecast period.
From an extensive pool of operating players globally, the leading key players in the Human Capital Management (HCM) market are Ceridian HCM, Oracle, SAP, Ultimate Software, Workday, Kronos, Automatic Data Processing, IBM, Sumtotal Systems, Employwise, Paycom Software.
The report provides a forward-looking perspective on a range of driving and limiting aspects affecting the growth of the Human Capital Management (HCM) market. It provides a projection on the basis of how and why the market is projected to develop. Their wide-ranging organization assessment, key financial aspects, key advancements, full product portfolio, SWOT analysis, developments, regional reach, and processes are examined and have been proficiently demonstrated in the Human Capital Management (HCM) market report.
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This report evaluates the Human Capital Management (HCM) market based on its segmentation. In addition to this, major regions such as Europe, North America, Central & South America, Asia Pacific, and Middle East & Africa, with extra focus on key countries and others are analyzed in this report. The Human Capital Management (HCM) market report provides a detailed assessment of the market by analyzing the dynamic factors of the Human Capital Management (HCM) market. The report also takes into consideration various significant aspects related to the market like shares, revenue, demand, supply, sales, manufacture analysis, opportunities, production, and much more.
The market is segmented on the basis of the type: Core HR, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, Others
The key regions worldwide are analyzed and the drivers, patterns, difficulties, advancements, & restrictions affecting the Human Capital Management (HCM) market growth over these vital geologies are taken into account. A study of the impact of administrative rules and regulations on the processes of the Human Capital Management (HCM) market is also added to provide an overall summary of the Human Capital Management (HCM) market’s future.
The groundwork of the Human Capital Management (HCM) market is also illustrated in the report that can facilitate the customers in implementing the primary methods to gain competitive benefits. Such a wide-reaching and top-to-bottom research investigation presents the indispensable expansion with key plans and impartial measurable analysis. This can be utilized to develop the existing position and propose future extensions in a particular area in the global Human Capital Management (HCM) market. The report also predicts key trends in the market coupled with technological developments in the industry.
By the end-user, the market size is segmented as : BFSI, Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities, Transportation and Logistics, Others
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By the region & countries, the market size is segmented as: North America The U.S. Europe The U.K. France Germany Asia Pacific China Japan India Latin America Brazil The Middle East and Africa
The key study objectives of this industry report study are helpful for: • To analyze and evaluate the global Human Capital Management (HCM) market size (in terms of value & volume) by company, countries, key regions, products, technologies, types, end-user, and applications, analysis of historical data, and forecasted data (2020–2026). • To understand the organization of the Human Capital Management (HCM) market by classifying its different sub-divisions. • To share in-depth information regarding the key aspects influencing the development of the market (drivers, opportunities, growth potential, latest trends, industry-specific challenges, and recommendations). • Focus on the key Human Capital Management (HCM) market players globally, to define, depict, and study the sales volume & value, market competition setting, market share, and latest developments. • To estimate the value & sales volume of the Human Capital Management (HCM) submarkets, with regard to key regions and countries. • To examine competitive advancements such as agreements, expansions, acquisitions, and new product launches across the market. • This report also provides the analysis of market size concerning value (million US$) and volume. The comprehensive approaches have been selected to validate and estimate the market size of the Human Capital Management (HCM) market, to evaluate the size of different other needy submarkets in the parent market. • The prominent players in the market have been determined through secondary research and their market shares have been identified with primary and secondary research. All percentage shares, breakdowns, and splits have been defined by using secondary sources and confirmed primary surveys & interviews. • The new entry in the market, product portfolio expansion, marketing, pricing, and sales channels among other business tactics can be executed with the aid of this report.
Table of Content Major Points: 1 Human Capital Management (HCM) MARKET INTRODUCTION OVERVIEW, AND SEGMENTATION 1.1 Product Overview and Scope 1.2 Segment by Type 1.3 Production and CAGR (%) Comparison by Type (Product Category) 1.4 Segment by Application 1.5 Market by Region 2 Human Capital Management (HCM) MARKET COMPETITION BY MANUFACTURERS 2.1 Capacity, Production and Share by Manufacturers 2.2 Revenue and Share by Manufacturers 2.3 Average Price by Manufacturers 2.4 Manufacturing Base Distribution, Sales Area, and Product Type 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 5 RESEARCH METHODOLOGY 6 COMPETITIVE LANDSCAPE 7 INVESTMENT ANALYSIS 8 MARKET OPPORTUNITIES AND FUTURE TRENDS
To view the detailed report, click on https://www.syndicatemarketresearch.com/market-analysis/human-capital-management-hcm-market.html
FQA in the Human Capital Management (HCM) market report: 1. What effect does COVID-19 have made on Human Capital Management (HCM) Market Growth and Sizing? 2. Information on key market factors such as key drivers & limitations, challenges, possibilities, and investment opportunities 3. What are the restraints in the market and how do they affect the cost? 4. What are the different types and applications followed by companies? 5.What is the scope for agencies to establish a presence? 6.What are the outlook opportunities in the market?
>>NOTE: Our report highlights the major issues and risks that companies might come across due to the exceptional outbreak of COVID-19.<<
Available Customization: With the provided market information, Syndicate Market Research also has the customization option according to the client’s needs. The customization option offers a domestic-level study of the global Human Capital Management (HCM) market by end-use and detailed analysis & profiles of the key market players.
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How chatbot can reduce the workload of customer query during the transition to work from home
Recently, new tools designed to simplify the interaction between humans and computers have hit the market: Chatbots and virtual assistants are some of the industry’s newest tools designed to simplify the interaction between humans and computers.
What exactly is a chatbot?
A chatbot is defined as an AI-based computer that simulates human interaction. They are also known as digital assistants that understand human capabilities. Bots interpret and process the user request and give prompt relevant answers.
Bots can through voice as well as text can be deployed across website, applications and messaging channels such as Facebook Messenger, Twitter, WhatsApp, etc.
Now let's have a look at how chatbots work and their types.
A chatbot is artificial intelligence (AI) software that can simulate a conversation (or a chat) a user in natural language through messaging applications, websites, mobile apps or through the telephone.
Why are chatbots important?
A chatbot is often described as one the most advanced and promising expressions of interaction between humans and machines. However from the technical point of view a chatbot only represents the natural evolution of a Question Answering system leveraging Natural Language Processing (NLP). Formulating responses to questions in natural language is one of the most typical Examples of Natural Language Processing applied in various enterprises’ end-use applications.
How does a chatbot work and their types?
There are two different task as the core of the chatbot:
1. User request analysis
2. Returning the responses
How a Chatbot Works: As you can see in this graphic, a chatbot returns a response based on input from a user. This process may look simple; in practice, things are quite complex.
User Request Analysis:
This is the first task that a chatbot performs. It analyzes the user’s request to identify the user intent and to extract relevant entities.
The ability to identify the user’s intent and extract data and relevant entities contained in the user’s request is the first condition and the most relevant step at the core of a chatbot: If you are not able to correctly understand the user’s request, you won’t be able to provide the correct answer.
Returning the Response:
Once the user’s intent has been identified, the chatbot must provide the most appropriate response for the user’s request. A chatbot is programmed to work independently from a human operator. It can answer questions formulated to it in natural language and respond like a real person. It provides responses based on a combination of predefined scripts and machine learning applications. The answer may be:
�� a generic and predefined text;
● a text retrieved from a knowledge base that contains different answers;
● a contextualized piece of information based on data the user has provided;
● data stored in enterprise systems;
● the result of an action that the chatbot performed by interacting with one or more backend application; or,
● a disambiguating question that helps the chatbot to correctly understand the user’s request.
Now the question is How does the chatbot can help you during lockdown?
As COVID-19 imposed social/physical distancing on business and individuals alike, businesses are looking for Digital solutions that enable contactless commerce and remote work operation amidst this Global pandemic. Chatbots are the answers to many challenges forced by pandemic, from social distancing to increase volume of customer/employee queries to remote working.
Immense value to businesses not only in service quality delivering it scale and speed. In the current covid-19 pandemic, businesses across industries and using them in a variety of ways to help other employees, customers, clients, partners, vendors and other stakeholders I am listening out for some popular use cases where chatbots can help during covid-19.
1. Telemedicine;
2. Virtual Appraisals;
3. Order Health supplies:
4. Return to work Guidelines/Checklists;
5. IT Helpdesk;
6. Human Resource;
7. Customer Services.
According to industry experts, routine jobs which require lesser human skills have been witnessing a takeover by machines with artificial intelligence (AI), industrial robots, service robots, and robotic process automation (RPA) playing an active role.
As the world emerges from the grip of the pandemic, business leaders in sectors, including manufacturing and retail, will look to bring their supply chains closer to key markets. This will cause a move toward greater global diversification and technology-enabled demand responsiveness using big data, AI, and cloud technologies," noted technology research firm Forreseter in a recent report.
Automation adoption across the business process management sector has been the highest over the past 4-5 years both for customers and internal efficiency initiatives. Automation comes with costs so businesses were walking the line between efficiency and cost which at the Indian wage rates was still possible, said Leslie Joseph, principal analyst, Forrester.
However, with the effect of the pandemic unlikely to wear off soon and availability of human workforce likely to be stretched, companies may now be forced to automate faster.
On an immediate basis, businesses are likely to migrate to simpler solutions such as chatbots and backend processing automation solutions which are less capital intensive than large scale industrial automation. But in the long run, experts feel more critical human functions are likely to go to the machines.
How chatbots can help reduce customer service costs by 30%
The chatbot market is estimated to witness a trivial slowdown in 2020 due to the global lockdown. The pandemic has increased the churn rate and shuddered almost every industry. The lockdown is impacting global manufacturing, and supply chains and logistics as the continuity of operations for various sectors is badly impacted.
The sectors facing the greatest drawbacks are manufacturing, transportation & logistics, and retail & consumer goods. The availability of essential items is impacted due to the lack of manpower to work on production lines, supply chains, and transportation, although the essential items are exempted from the lockdown.
The condition is expected to come under control by early 2021, while the demand for chatbot solutions and services is expected to increase due to the increasing demand for enhancing customer experience and building a personalized relationship with prospects. Several verticals would deploy a diverse array of chatbot solutions and services to enable digital transformation initiatives, which address mission-critical processes, improve operations, and differentiate customer viewing experiences.
The reduction in operational costs, better customer experiences, resolution of customer queries, enhanced visibility into processes and operations, and improved real-time decision-making are key business and operational priorities that are expected to drive the adoption of chatbots.
Better customer service experiences, at a lower cost
265 billion customer support requests are made every year, and it costs businesses a whopping $1.3 trillion to service them. Chatbots can reduce these costs significantly when companies upgrade from antiquated, inefficient IVR technology to AI, chatbots, virtual assistants, messaging and other new technologies that are already helping transform call centers across the world.
According to Chatbots Magazine, businesses can reduce customer service costs by up to 30% by implementing conversational solutions like virtual agents and chatbots.
Freeing up human agents at contact centers to address complex inquiries allows representatives to take their time and provide better service. It also reduces the number of agents required on the call center floor as well as employee attrition due to the repetitive nature of routine calls. All of these lead to significant cost savings. According to this QATC report, call center attrition rates are twice the average of all other industries combined (30% – 45% compared to the U.S. average of 15%).
Staffing a 24x7x365 contact center mainly with human agents can be costly, as can contracting a BPO contact center provider. When you add the resources required to support multiple lines of business and languages, it increases the headcount and skill sets required to serve customers around the clock.
For companies like Autodesk, about half of the customer support calls they receive are for routine requests that can be resolved fairly quickly. The virtual assistant acts as the first line
of defense and only more complex inquiries can be escalated to human agents. Even if a call is escalated to a human agent, the chatbot “stands by” on the call for:
– Continuity and conversation wrap up and documentation;
– In case there are human/machine learning opportunities;
– If simple tasks like payment card or contact information changes need to be completed.
Make customer service easy, because losing customers is expensive
Statistics from contact center software provider Aspect Software estimate that the average cost of a customer service phone interaction is around $35 to $50 per interaction. Text chat, by comparison, is significantly less expensive, averaging around $8 to $10 per session. In the healthcare and banking sectors, the Juniper Research study found that interaction costs can also be lowered significantly, by an estimated 70 cents per interaction by 2022 with chatbot automation. Studies show that it’s realistic to aim to deflect between 40% – 80% of common customer service inquiries to chatbots.
Customers, especially millennials, are increasingly turning away from calling for support and opting for messaging and other self-service channels.
According to a Deloitte study, 56% of companies in the multimedia and technology industries are planning to invest in contact center AI in the near future. They interviewed executives from over 450 cross-industry contact centers, and 33% said they planned on investing in AI chatbots for customer service in the near future. The highest priority for these investments would be to improve cross-channel experiences.
Only 2% of those dissatisfied customers will reach out to the contact center to complain, but you can imagine that many of them will tell their friends and family about their poor online experience. Add the cost of a damaged reputation to a loss of $240 million in annual sales, and you have a recipe for serious erosion of market share and shareholder confidence.
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Global Food Automation Market by 2022-2027 with Profiling Key Players
The Global Food Automation market study covers in-depth analyses of key players in terms of market, applications, and regions to help you identify domestic and international competition. The biggest rivals in the Global Food Automation market are discussed in the study in terms of company size, market share, market expansion, revenue, output volume, and profitability. By providing thorough profiles of companies and the goods/services they provide, it helps you better comprehend the competition. We use a variety of approaches, including competitive benchmarking, the BCG matrix, and others to determine the market share of companies in the Global Food Automation market.
Global Food Automation Market size is expected to reach nearly US$ 16.88 Bn by 2027 with the CAGR of 7.3% during the forecast period.
Global Food Automation Market overview:
The paper analyses how COVID-19 lock-down will affect market leaders', followers', and disruptors' revenue. Since lock down was executed differently in many locations and nations, its effects vary by regions and market categories. The report's discussion of the market's immediate and long-term effects will aid in the preparation of an outline for short- and long-term business strategies by region by decision-makers.
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Global Food Automation Market Segmentation:
Motors and generators sub-segment dominated food automation market as a result of its basic necessity for the process of automation. There are a different variety of motors in a market with reduced operating cost, maintenance cost, smooth operation and precise motion control available as well. Food Automation Market on the basis of function is segmented into palletizing, sorting and grading, picking and placing and processing. Dairy, bakery, confectionery, fruit and vegetable, meat, poultry, seafood, and beverages have all formed the application areas for food automation with dairy and bakery holding one of the largest market shares as compared to others.
Global Food Automation Market Key Players:
• Rockwell Automation, Inc. (U.S.) • Schneider Electric SE (France) • ABB Ltd (Switzerland) • Siemens AG (Germany) • Mitsubishi Electric Corporation (Japan) • Schneider Electric SE (France). • Yokogawa Electric Corporation (Japan) • GEA Group (Germany) • Fortive Corporation (U.S.) • Yaskawa Electric Corporation (Japan) • Rexnord Corporation (U.S.) • Emerson Electric Co. (U.S.) • Nord Drivesystems (Germany). • GEA Group Aktiengesellschaft • Fortive • Rexnord Corporation • NORD Drivesystems • Horner APG • Frontmatec • Festo AG & Co. KG • Elwood Corporation • Copa-Data • Eaton
Global Food Automation Market Regional Analysis:
Europe held the largest market share in 2019 with the Asia Pacific projected to grow at one of the highest rates. A rise in stringent food regulations along with the growing emphasis on mass production has been a few key factors to propel demand for food automation market.
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COVID-19 Impact Analysis on Global Food Automation Market:
The impact of COVID-19 on the healthcare staffing market in North America, Asia Pacific, the Middle East, Europe, and South America is discussed in length in the research. The report provides a thorough analysis of the Healthcare Staffing market's options, tough circumstances, and challenging potentialities during this crisis. The benefits and difficulties in financing and market expansion from the COVID-19 are outlined in the study. The paper also offers a set of guidelines that are intended to help readers choose and develop a strategy for their company.
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Human Capital Management Market 2018 Latest Techniques, Production Analysis, Growth Drivers, Industrial Applications, Business Investments and Forecast till 2022 | Corona-Virus Impact
Market Highlights
According to Market Research Future (MRFR), the global human capital management market size is expected to touch a market value of USD 22 billion at a CAGR of 10% from 2016 to 2022 (forecast period). The study explores and assesses the influence of the COVID-19 outbreak on the global human capital management industry, including opportunities and challenges, drivers, and risks.
Human capital management is a collection of practices related to people resource management focused on the organizational need to provide specific competencies. These practices are implemented in three major categories: human capital management, workforce optimization, and workforce acquisition. Human capital management is an approach to employee staffing that identifies people as assets like human capital. In human capital management, the human capital’s current value can be calculated, and its future value can be enhanced through investment.
Marker Dynamics
The study shows that the increasing demand for workforce optimization and mobile applications are driving the global human capital management market. Moreover, growing adoption of the cloud-based business model and rising demand for talent mobility are some of the factors expected to accelerate the global market for human capital management. Furthermore, the introduction of Artificial Intelligence into the human capital management system is likely to fuel market demand.
Segmentation:
The global human capital management market growth has been segmented into components, deployment type, organization size, and end-user.
On the basis of components, the global human capital management market has been segmented into software solutions and services. The software solutions segment is further divided into workforce analytics, competency management, time and expense management, e-learning, e-recruiting, e-boarding, core HR, talent management, performance management, and payroll and tax. The study shows that, due to the growing use of e-recruiting solutions, many organizations have begun to implement such solutions for on-boarding, training, e-learning, candidate management, and selection management. Moreover, the services segment is further segmented into transformation services, implementation services, consulting services, support and maintenance, and others.
Based on the deployment type, the global human capital management market has been segmented into the cloud and on-premise.
Based on organization size, the global human capital management market has been segmented into SMEs and large enterprises.
Based on end-user, the global human capital management market has been segmented into manufacturing, BFSI, IT/ITES, healthcare, transportation, government, and others.
Regional Analysis
The regional analysis of the global human capital management market is being studied for regions such as Asia Pacific, North America, Europe, and the Rest of the World.
The study shows that the North American region dominates the human capital management market due to increased internet penetration and technological advances. The research also indicates that cloud deployment is a driving force for the Asia Pacific region to develop significantly in the human capital management market by the forecast period. In addition to this, the growing acceptance of IT services is also driving the market for human capital management.
Key Players
The industry giants in the global human capital management (HCM) market are IBM (U.S.), SAP SE (Germany), Kronos Inc. (U.S.), Software AG (Germany), Workforce Software (U.S.), LinkedIn (U.S.), ADP LLC (U.S.), WORKDAY (U.S.), Ultimate Software (U.S.), Infor (U.S.), Oracle Corporation (U.S.), Talentsoft (France), Zenefits (U.S.), among others.
Also Read: http://www.marketwatch.com/story/blockchain-technology-market-size-share-trends-sales-revenue-business-statistics-company-profiles-development-status-and-analysis-of-covid-19-2021-02-18
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Global Artificial Intelligence In Healthcare Service Market Research Report 2026
Summary- A new market study, titled “Global Artificial Intelligence In Healthcare Service Market Size, Status and Forecast 2020-2026” has been featured on Wiseguy Reports
Artificial intelligence (AI) in healthcare is the use of complex algorithms and software to emulate human cognition in the analysis of complicated medical data. Specifically, AI is the ability of computer algorithms to approximate conclusions without direct human input.
What distinguishes AI technology from traditional technologies in health care is the ability to gain information, process it and give a well-defined output to the end-user. AI does this through machine learning algorithms. These algorithms can recognize patterns in behavior and create their own logic. In order to reduce the margin of error, AI algorithms need to be tested repeatedly. The primary aim of health-related AI applications is to analyze relationships between prevention or treatment techniques and patient outcomes. AI programs have been developed and applied to practices such as diagnosis processes, treatment protocol development, drug development, personalized medicine, and patient monitoring and care. Additionally, hospitals are looking to AI solutions[buzzword] to support operational initiatives that increase cost saving, improve patient satisfaction, and satisfy their staffing and workforce needs.Companies are developing predictive analytics solutions that help healthcare managers improve business operations through increasing utilization, decreasing patient boarding, reducing length of stay and optimizing staffing levels.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Artificial Intelligence In Healthcare Service market in 2020.
Also Read: https://icrowdnewswire.com/2020/06/17/artificial-intelligence-in-healthcare-service-market-global-key-players-trends-share-industry-size-growth-opportunities-forecast-to-2025/
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Artificial Intelligence In Healthcare Service industry.
Based on our recent survey, we have several different scenarios about the Artificial Intelligence In Healthcare Service YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Artificial Intelligence In Healthcare Service will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Artificial Intelligence In Healthcare Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Artificial Intelligence In Healthcare Service market in terms of revenue.
Players, stakeholders, and other participants in the global Artificial Intelligence In Healthcare Service market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Artificial Intelligence In Healthcare Service market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Artificial Intelligence In Healthcare Service market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Artificial Intelligence In Healthcare Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Artificial Intelligence In Healthcare Service market.
The following players are covered in this report:
IBM
Microsoft
Enlitic
Arterys
Atomwise
Freenome
Butterfly Network
Jvion
Apixio
Roche(Flatiron Health)
Ayasdi
Welltok
Artificial Intelligence In Healthcare Service Breakdown Data by Type
Machine Learning–Neural Networks And Deep Learning
Natural Language Processing
Rule-Based Expert Systems
Physical Robots
Robotic Process Automation
Other
Artificial Intelligence In Healthcare Service Breakdown Data by Application
Patient Data and Risk Analysis
Lifestyle Management and Monitoring
Precision Medicine
In-Patient Care and Hospital Management
Medical Imaging and Diagnosis
Other
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/5263219-global-artificial-intelligence-in-healthcare-service-market-size
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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
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Healthcare Staffing Market Industry Analysis, Size, Share and Growth Trends 2019-2025
Summary – A new market study, titled "Healthcare Staffing Market, By Service Type (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Healthcare Staffing), and By Geography (EU, NA, APAC, LATAM, and MEA) – Analysis, Size, Share, Trends, & Forecast from 2020-2026" has been featured on WiseGuyReports.
REPORT HIGHLIGHT
Healthcare Staffing market was valued at USD 32.67 billion by 2019, growing with 6.7% CAGR during the forecast period, 2020-2026.
Healthcare Staffing is the third-party allocation of healthcare workers in hospitals to provide humanitarian assistance. Healthcare staffing provides workforce solutions and staffing services to healthcare facilities all over the world. There are various staffing solutions in healthcare from nurse staffing, physician staffing to the allied clinician and pharmacist staffing, and recruiting them into the hospitals, diagnostic centers which are provided by many third-party staffing companies and agencies.
Also read – https://www.medgadget.com/2020/08/global-healthcare-staffing-market-2020-rapid-growth-opportunities-and-forecast-to-2026.html
The service involves staffing of registered nurses, medical laboratory technologists, physical & occupational therapists respiratory therapists, and pharmacists. HealthCare staffing is the specialist in certain extraordinary levels of personalized service in the healthcare sector. The third-party healthcare staffing service provided by the agency has certain benefits including worker compensation, freedom to choose the location of service, licensure assistance, insurance benefits, dental insurance continuing education and medical plan, and many others.
Market Dynamics
The global healthcare staffing market is primarily driven by the increasing need for healthcare professionals, and workers treat and serve the patients suffering from conditions such as current COVID-19 outbreak, cancer, and diabetes. As per the Worldometers.info data, there were more than 5,591,677 coronavirus cases reported across the globe as of 26th May 2020 and the number is still increasing at a rapid pace. Such facts would, in turn, fuel the demand for the healthcare staffing industry for serving the patient with COVID-19 infections, driving the industry growth. Furthermore, continuous increasing demand for healthcare workers will support industry growth. As per the World Health Organization (WHO), demand & supply of health workers is growing at a substantial rate of 55%, and expected to reach over 67.3 million health workers by 2030. This would, in turn, boost the industry growth substantially over the forecast period.
Moreover, technological advancements like the robotic process automation (RPA) platform is expected to support industry growth. For instance, in February 2020, RoboSuite has been launched the next generation of robotic process automation for reducing the effort and skill-level required to automate processes in the healthcare and other industries by improving quality, and re-usability. In addition to this, the availability of robust software is likely to create lucrative growth opportunities in the worldwide market during the forecast period. Companies such as Nextcrew Corporation, Bullhorn Inc., and AkkenCloud are offering various staffing software that helps the user to evaluate the workflows which can perform repetitive tasks in monitoring the healthcare staff. Such introductions would, in turn, support the market growth to a great extent. Conversely, less flexible scheduling, overnights, and weekends, sometimes less hourly pay from supervisors and facility management are predicted to impede the healthcare staffing market growth in the coming future.
Service Type Takeaway
By service types, the worldwide healthcare staffing market is categorized into travel nurse, allied healthcare staffing, per diem nurse staffing, and locum tenens staffing. Of these, the travel nurse category is accounted for the highest industry share in 2019. According to the National Center for Biotechnology Information (NCBI), healthcare staff employment for nurses is expected to growing faster with compound annual growth rate (CAGR) of 15% from 2016 to 2026. This is due to hospitals are planning to opt the staffing agency to reduce the distribution of workload in healthcare, as well as rising freedom of location among the nursing staff is expected to propel the growth of the travel nurse segment.
In addition to this, the Locum tenens segment is the fastest-growing segment over the forecast period followed by per diem nurse and allied healthcare. This is primarily due to raising the fondness of physicians to work as locum tenens are some of the factors responsible for the segment growth.
Regional Takeaway
Regionally, the overall market is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. The North American market for healthcare staffing has the majority of share in 2019 owing to the rising geriatric population and growing demand for the healthcare professional and presence of leading research-based pharmaceutical companies. According to the World Health Organization in 2020, more than 3.9 million nurses and individuals have been needed in the U.S. and there is 11 million additional nurses are required for avoiding the shortage of healthcare staff by 2026. Furthermore, the North American region has advanced technological methods for the treatment of various diseases which increases the healthcare expenditure. In addition, the US has leading pharmaceutical and biopharmaceutical players supported by government & private funding are fuelling the regional market growth.
On the other hand, the Asia Pacific is anticipated to be the fastest-growing region throughout the forecast owing to the growing prevalence of various disorders like cancers, diabetes contributing to the regional healthcare staffing market growth.
COVID-19 Impact
During the COVID-19 pandemic, the healthcare staffing market has shown astounding growth for the treatment of infected people and in many countries, the shortage of healthcare workers has been noted. As healthcare workers are subjected to high risk of coronavirus infection as per the report medRxiv organization, in Italy around 20% of healthcare workers have been infected due to the COVID-19 outbreak.
In this COVID-19 situation, many healthcare agencies have taken initiatives to help COVID-19 patients and related healthcare staff. For instance, key players are actively involved in providing healthcare staff during the COVID-19 pandemic crisis. In April 2018, during the COVID-19 pandemic, Envision Healthcare has been deployed over 500 clinicians across 55 hospitals and medical sites in six states as part of its nationwide efforts in the United States. In addition to this, the company has also supported Envision’s clinicians and hospital partners by providing more than 4 million items of PPE, including masks, face shields, gowns, and goggles. This staffing has been helped many COVID-19 patients to take subsequent treatment hence the company remained a strong position in the global industry of healthcare staffing.
Key Vendor Takeaway
The leading players of the global Healthcare Staffing market include Cross Country Healthcare, Inc., AMN Healthcare, Syneos Health, Inc., CHG Management, Inc., LocumTenens.com, Maxim Healthcare Services, Inc., Adecco Group, Almost Family, Envisions Healthcare Corporation and TeamHealth.
Companies are actively involved in mergers, acquisitions, and partnerships to help the hospitals, diagnostic centers, research laboratories with efficient healthcare staff. For instance, on 5th Feb 2020, CHG Healthcare management has been acquired LocumsMart, the leading locum tenens management system for better serving healthcare organizations.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2015 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
HEALTHCARE STAFFING MARKET KEY PLAYERS
Cross Country Healthcare, Inc.
AMN Healthcare
Syneos Health, Inc.
CHG Management, Inc.
com
Maxim Healthcare Services, Inc.
Adecco Group
Almost Family
Envisions Healthcare Corporation
TeamHealth
HEALTHCARE STAFFING MARKET, BY TYPES
Allied Healthcare Staffing
Locum Tenens Staffing
Travel Nurse Staffing
Per Diem Nurse Staffing
HEALTHCARE STAFFING MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
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Hotels become barracks for health workers ‘going to war’
The tourists and conventioneers who once filled the rooms of The New Yorker hotel are long gone, driven away by the coronavirus, but its lobby is still bustling.
The big, art-deco hotel in midtown Manhattan is one of several across the U.S. that have become barracks for an army of health care workers deployed to fight COVID-19.
“You come home, get your dinner, take a shower, get to sleep and then do it all over again the next day,” said physician assistant Shadoe Daniels, through his mask, in a ballroom converted into an intake area, where shoe sanitizing stations are a must-stop before guests head to the elevators.
The Honesdale, Pennsylvania, resident likened his workday to “going to war.”
More than 15,000 of the nation’s 56,000 hotels and motels are now offering rooms for emergency and health care workers, according to Chip Rogers, president of the American Hotel and Lodging Association.
Some health care workers have snagged free rooms at the Sophy Hyde Park hotel in Chicago or the luxurious Four Seasons Hotel New York.
Others, like Daniels, are being put up by staffing agencies hired to quickly bring reinforcements to overwhelmed hospitals.
At another time, hotels packed with out-of-town workers on a shared mission might have been buzzing like a college dorm, with nurses or doctors sharing drinks at the bar after shifts or heading out to a Broadway show.
But several healthcare workers staying at The New Yorker told The Associated Press that they are too exhausted after 12-hour workdays to do much more than shower, eat, exercise, read and sleep. Shuttered bars, restaurants and businesses limit options.
Zuri Longoria, a nurse from Aransas Pass, Texas, said she relieves stress from tending to dying patients by chatting with other medical volunteers like herself.
“You can’t share that type of bond with anybody else,” Longoria said.
In the hotel’s ballroom, sanitizing materials rest on a table and prayer cards and handwritten well wishes from the community hang from a bulletin board. “Thank you for helping others in their time of need!” reads one.
Öne note acknowledged how inadequate words, prayers and small contributions seemed for the workers. “It’s not a lot and way less than you guys deserve! Please be safe!” it said.
Nathan Shapiro-Shellaby, a nurse anesthetist from Seattle, said he runs outdoors and meditates before boarding a shuttle bus for work at Elmhurst Hospital in Queens, which has been ground zero for the crisis.
After work, he’s sharpening his Facetime and Zoom skills to maintain relationships.
“That’s been one of my favorite things to do to kind of release stress and hear about family and friends from all around the world,” Shapiro-Shellaby said.
Daniels said immediately after a shift he sanitizes his shoes, wipes down anything he carries with Clorox wipes and drops his clothing in a laundry bag at his room.
“Then I jump right in the shower. My bedroom is like COVID-free, as much as it can be,” Daniels said.
Daniels, Longoria and Shapiro-Shellaby were recruited to New York by Krucial Staffing, which advertised that three-week stints for 400 nurses starting in mid-April would pay $10,000 per week.
Two weeks ago, the Mariott hotel chain announced it would provide $10 million of free “Rooms for Responders” in New York City, New Orleans, Chicago, Detroit, Los Angeles, Las Vegas, Washington, D.C. and Newark, New Jersey. In less than two days, 6,200 nights in rooms had been booked, with 53% of them in the New York area and 34% in Los Angeles.
Hilton and American Express also teamed up to donate up to 1 million hotel room nights nationwide.
Rogers estimates that half of the hotels in the country are closed due to the coronavirus pandemic. And most of the rest are operating with skeletal staffs.
Hotel authorities say most hotels still up and running are housing workers, while some have offered space for hospital operations or to provide rooms for the homeless or quarantined individuals.
“It’s a win, win, win,” said Kim Sabow, president of the Arizona Lodging and Tourism Association. She said 300 Arizona hotels had volunteered to house medical workers. “This is just a wonderful way in which the hotels can keep their doors open and give back at this horrific time of crisis.”
Some hotels volunteered after California’s governor threatened to use the powers of the state to take over hotels.
“Hotels were rightfully concerned. At the same time, we had already heard hotels saying: ‘Look, if this starts getting worse, they can use our hotel if they need to,’” Rogers recalled.
Michael Jacobson, president of the Illinois Hotel & Lodging Association, said Chicago and state officials asked hotels in early March to identify locations that could be used.
Some offered free rooms; others at cost. Tight security ensures nobody breaks social distancing rules. Rather than housecleaning, linens and towels are left outside rooms, along with meals.
“Hotels aren’t making a profit out of this. It is allowing them to at least maintain some basic operations and frankly, keep at least a portion of their staff employed,” Jacobson said. “I knew folks would step up, there’s no question about it, but I also knew that every hotel owner I know of is hurting right now, and hurting bad.”
More coronavirus coverage from Fortune:
—Bill Gates explains how to beat the coronavirus pandemic —Elective surgeries—mostly paused due to the pandemic—are critical to hospital finances —World Health Organization says 3 more coronavirus vaccines are in human trials —Late payments soar, revealing extent of coronavirus pain on European companies —14% of women considered quitting their jobs because of the coronavirus pandemic —Forget “wet markets” and bats: For scientists, failing environmental policies have created a boom time for outbreaks —Out of work, but not unemployed: How much Europe is paying its idled workers —PODCAST: COVID-19 might have upended the concept of the best companies of the year —VIDEO: 401(k) withdrawal penalties waived for anyone hurt by COVID-19
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Tags: barracks, coronavirus, coronavirus frontline workers, covid-19, doctors, doctors fighting coronavirus, emergency responders, Four Seasons Hotel, Health, health care workers, hotels, hotels turn to makeshift barracks, motels, nurses, shelter for frontline employees, Sophy Hyde Park, the new yorker hotel, War, Workers
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Italy Social Media Advertising Spend in Public Sector Market, June 2021 Report On 2021 Recovering From Covid-19 Outbreak | Know More about Industry Insights, Drivers, Shares, Revenue, Value and Volume Analysis, Top Trends and Future Scope to 2030
In a recently published report, Italy Social Media Advertising Spend in Public Sector Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Italy Social Media Advertising Spend in Public Sector Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Social media advertising spend by public sector brands in Italy stood at US$2 million by end of 2015, accounting for 1.0% of total social media advertising. During 2011-2015, social media advertising in this industry has increased at a CAGR of 41.0%. This has been continued in 2016 with brands expected to spend US$3 million, representing an increase of 37.9% over 2015. Over the period (2016-2020), Gradol Analytics observed social media ad spend by public sector brands to grow at a CAGR of 19.6% to reach US$6 million in 2020, accounting for 0.7% share of the market. This report answers the following key questions:
How is social media advertising spending expected to grow over the next five years?
How much is being spent on social media advertising by public sector brands?
How is social media mobile advertising spending expected to grow over the next five years?
How is social media marketing budget being allocated and utilized by public sector brands?
This report provides detailed social media advertising spend database, covering in-depth trend analysis by public sector brands for a period of 9 years (2019-2027). This report provides trend analysis through charts and tables. The social media advertising spend database breaks down into following five key areas –
Market Share of Social Media: This report provides social media advertising spend growth dynamics, contextualizing it with broader online advertising spend.
Budget Allocation: This report provides budget allocation by key segments including advertising, staffing, consulting, and technology.
Channel Split: This report provides breakdown of social media advertising spend by desktop and mobile channels.
Industry Split: This report provides advertising spending and growth analysis of public sector brand on social media advertising.
Macroeconomic, Business and Consumer Drivers: Data centric trend analysis of business environment, infrastructure, technology and consumer trends driving the growth of social media advertising spend
This report provides detailed social media advertising spend by public sector industry data and trend analysis for a period of 9 years (2019-2027) through charts and tables. Below is an overview covering scope of this report:
Country Focus: Italy
Market Focus: Social Media Marketing
Industry Focus: Public Sector
Data & Analysis: This report provides an extensive data and trend analysis of the social media advertising spend in the Italy. This report provides:
Data covering future of social media advertising spend and its share in total online advertising.
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Social media advertising spend by public sector industry for a period of 9 years, from 2019 to 2027.
Data covering future of social media mobile advertising spend and its share in social media advertising
Social media marketing budget allocation for 2019 and how it is expected to change over the next five years.
Detailed data centric trend analysis of business environment, infrastructure, technology and consumer trends driving the growth of social media advertising spend
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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U.S. reports first drug shortage tied to virus outbreak
New Post has been published on https://apzweb.com/u-s-reports-first-drug-shortage-tied-to-virus-outbreak/
U.S. reports first drug shortage tied to virus outbreak
WASHINGTON — U.S. health officials reported the first U.S. drug shortage tied to the viral outbreak that is disrupting production in China, but they declined to identify the manufacturer or the product.
The Food and Drug Administration said late Thursday that the drug’s maker recently contacted officials about the shortage, which it blamed on a manufacturing issue with the medicine’s key ingredient. Regulators stressed that alternative medicines are available to treat patients.
The FDA previously said it had reached out to 180 drug manufacturers and asked them to check their supply chain and report any potential disruptions. The agency also said it had identified 20 drugs produced or sourced exclusively from China, but it declined to name them.
The FDA has good reason to not release the names of drugs facing potential shortages, said Rosemary Gibson, who wrote the book “China Rx” on that nation’s role in American health care.
“People might rush to buy it and that would create a worse situation,” said Gibson, a senior adviser at bioethics research group The Hastings Center. “In the context of shortages globally, you have to be very, very careful.”
More than 83,000 COVID-19 cases have been reported worldwide, nearly 79,000 of them in mainland China. Government officials there have severely restricted travel and imposed strict quarantine measures to try and stop the virus from spreading.
Restrictions on movements of people and goods have been imposed by at least 90 countries, and that’s disrupting flow of drugs and raw materials, said Nicolette Louissaint, executive director of Healthcare Ready, a non-profit group funded by drug distributors, government and foundations that tracks the impact of epidemics and natural disasters.
For decades, the pharmaceutical industry has shifted manufacturing to China, India and other countries to take advantage of cheaper labour and materials. Today, roughly 80 per cent of the ingredients used in U.S. medicines are made abroad, according to federal figures. India and other Asian nations rely on Chinese drug ingredients to make finished generic pills.
China ranks second among countries that send drugs and biotech medicines to the U.S., according to the FDA. It is also the top exporter of medical devices and equipment to the U.S.
The country is a major producer of antibiotics for the U.S. market, as well ingredients and medicines for common chronic conditions such as heart disease, said Louissaint.
The virus, which led to strict travel restrictions in Chinese cities home to more than 60 million people, has affected a range of industries. Some factories have tried to restart and run into problems getting the raw materials and components they need.
Chinese factories making pharmaceutical ingredients and drugs are still operating, with some trying to produce far more than usual and others still trying to get workers back, Louissaint said Friday. Cargo carriers are still transporting those products from China to other countries, she said.
“It is challenging,” but fortunately Chinese ports have remained open, Louissaint said.
She added that the FDA’s announcement of the shortage indicates the FDA’s tracking efforts are working and drugmakers are communicating with the agency.
The FDA said Thursday there are no reported medical device shortages related to the coronavirus. However, the agency said several Chinese device manufacturing facilities are being “adversely affected” by the outbreak due to staffing problems, including workers who have been quarantined.
The FDA said it is in touch with 63 device manufacturers with Chinese facilities that produce “essential” medical devices. While noting increased orders for masks, respirators, gloves and other protective gear, regulators said there are no reported shortages of those items in the U.S.
Under a 2012 law, drugmakers are required to notify the FDA of production or sourcing issues that could create medication shortages. The agency noted this week that medical device manufacturers are not bound by that law and “are not required to respond when the FDA requests information about potential supply chain disruptions.”
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Johnson reported from Trenton, New Jersey. AP Writer Bernard Condon contributed from New York.
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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
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