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industryforecastnews · 5 months

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U.S. Veterinary Orthopedic Medicine Market Size, Share & Growth Analysis Report, 2030

U.S. Veterinary Orthopedic Medicine Market Growth & Trends

The U.S. veterinary orthopedic medicine market size is expected to reach USD 814.51 million by 2030, registering a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing pet population, adoption of pet insurance, rising prevalence of diseases among animals, and advancements in veterinary medicine.

For instance, in October 2023, the FDA approved Librela (bedinvetmab injection), making it the first monoclonal antibody for treating osteoarthritis-related pain in dogs. In addition, in April 2022, American Regent Animal Health, a division of American Regent, Inc., received FDA approval to extend the shelf life of Adequan Canine and Adequan i.m. The expiration date for both products was increased from 24 months to 36 months from the date of manufacture.

Key players in the veterinary orthopedic medicine market are engaging in strategic initiatives like product launches, collaborations, and acquisitions to make their market presence more prominent, impelling market growth. In September 2022, Zoetis acquired Jurox, a private animal health company specializing in veterinary medicines for livestock and companion animals. The deal, finalized in August 2021, included Jurox's operations in Australia and regional offices in the U.S., Canada, and the UK. Such initiatives are anticipated to drive market growth.

For instance, in October 2023, Athersys, Inc. (ATHX), a cell therapy and regenerative medicine company, entered into a licensing agreement with Ardent Animal Health. With this move, Athersys, known for its work with MultiStem (invimestrocel) in critical care, entered the field of animal health. This collaboration with Ardent, a veterinary biotech firm specializing in regenerative medicine and cancer therapies for animals, highlights Athersys’ commitment to advancing veterinary care.

Some key impacts of the pandemic and respective lockdowns on the market include dampened growth, decreased sales, supply chain disruptions, and operational challenges. However, the pandemic also propelled concerns over animal health and welfare, strengthened the pet parent and animal bond, and increased pet adoption. Moreover, the market witnessed an improved medicalization rate, pet expenditure, and adoption of pet insurance.

Increasing pet humanization and improved diagnostic rates were other positive impacts of the COVID-19 pandemic on the veterinary sector. In 2021, the market recorded increased demand and sale of veterinary medicines, including orthopedic medicines. In 2022, other macroeconomic uncertainties, such as global recession and cost inflation, adversely impacted the business. However, as the underlying market drivers remain unchanged owing to an increasing prevalence of orthopedic disorders in dogs and horses, the market is estimated to grow notably over the forecast period.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/us-veterinary-orthopedic-medicine-market-report

U.S. Veterinary Orthopedic Medicine Market Report Highlights

Based on product, pharmaceuticals segment dominated the market, accounting for a share of 46.72% in 2023. Pharmaceutical treatments for orthopedic diseases in pets, such as Non-steroidal Anti-inflammatory Drugs (NSAIDs) and pain relievers, have been widely used and established as effective treatments for managing pain and inflammation. On the other hand, the viscosupplements segment is anticipated to grow at the fastest CAGR of 8.23% during the forecast period

Based on animal type, the market is segmented into dogs and horses. The dogs segment dominated the market, accounting for a share of 51.98% in 2023. It is also anticipated to grow at the fastest CAGR of 7.80% in the coming decade

Based on application, the osteoarthritis segment accounted for the largest share of 60.65% of the market in 2023. The other segment is expected to grow at the fastest CAGR of 9.39% over the forecast period

Based on route of administration, the market is segmented into injectable, oral, and others (e.g., topical). The injectable segment dominated the market, accounting for a share of 60.40% in 2023. The others (e.g., topical) segment is anticipated to grow at the fastest CAGR of 8.22% in the coming decade

On the basis of end-use, veterinary clinics & hospitals segment accounted for the largest share of 53.59% of the market in 2023. The other segment is expected to grow at the fastest CAGR of 8.68% over the forecast period

U.S. Veterinary Orthopedic Medicine Market Segmentation

Grand View Research has segmented the U.S. veterinary orthopedic medicine market based on product, animal type, application, route of administration, and end-use:

U.S. Veterinary Orthopedic Medicine Product Outlook (Revenue, USD Million, 2018 - 2030)

Biologics

Stem Cells

Platelet-Rich Plasma (PRP)

Other Biologics

Viscosupplements

Pharmaceuticals

Steroids

NSAIDS

Others

U.S. Veterinary Orthopedic Medicine Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

Dogs

Small Breeds

Medium Breeds

Large Breeds

Horses

U.S. Veterinary Orthopedic Medicine Application Outlook (Revenue, USD Million; 2018 - 2030)

Osteoarthritis

Degenerative Joint Disease

Others

U.S. Veterinary Orthopedic Medicine Route Of Administration Outlook (Revenue, USD Million, 2018 - 2030)

Injectable

Intra-Muscular

Intra-Articular

Others

Oral

Others

U.S. Veterinary Orthopedic Medicine End-use Outlook (Revenue, USD Million, 2018 - 2030)

Veterinary Hospitals & Clinics

At-home

Others

List of Key Players in the U.S. Veterinary Orthopedic Medicine Market

Zoetis Services LLC

Ardent Animal Health, LLC

Enso Discoveries

VetStem, Inc.

Contura Vet

PetVivo Holdings, Inc.

T-Cyte Therepeutics

Boehringer Ingelheim International GmbH

Arthrex, Inc.

MEDREGO LLC

Nucleus ProVets

Daiichi Sankyo Company, Limited

Bimeda U.S.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/us-veterinary-orthopedic-medicine-market-report

#U.S. Veterinary Orthopedic Medicine Market #U.S. Veterinary Orthopedic Medicine Market Size #U.S. Veterinary Orthopedic Medicine Market Trends #U.S. Veterinary Orthopedic Medicine Market Growth #U.S. Veterinary Orthopedic Medicine Market Sales

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roamnook · 6 months

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"Recent Study Reveals: 73% Increase in Renewable Energy Consumption Across the U.S. in 2021"

New Information Unveiled: Numbers and Data that Matter

Welcome to a world where hard facts and concrete data reign supreme. In this age of information overload, it's vital to sift through the noise and focus on key facts that shape our understanding of the world. Today, we bring you a comprehensive exploration of numerical truths and objective realities, guaranteed to fuel your thirst for knowledge.

"In God we trust, all others must bring data." - W. Edwards Deming

The Power of Numbers

Numbers have an undeniable impact on our lives. They shape the choices we make, the policies we enact, and the direction our society takes. Let's delve into the realm of numbers and uncover their significance.

The World in Numbers

Did you know that the current global population stands at a staggering 7.9 billion? It's a testament to human progress and a challenge to ensure the well-being of each individual. We live in an interconnected world where every action ripples through society.

When it comes to our environment, the figures are equally eye-opening. The average global temperature has risen by 1.2 degrees Celsius since pre-industrial times, with devastating consequences for our planet. We must act urgently to combat climate change and mitigate its effects.

The Digital Landscape

In the digital age, numbers take on a whole new meaning. With nearly 4.7 billion people using the internet worldwide, the power of connectivity is unparalleled. Online platforms have transformed the way we communicate, work, and access information.

Consider this: every minute, 188 million emails are sent, 41 million messages are shared on WhatsApp, and 500 hours of video content is uploaded to YouTube. These numbers highlight the immense scale and impact of our virtual interactions.

Unveiling Concrete Data

Now, let's dive into some specific areas where hard data brings us closer to understanding and addressing important issues.

Health and Medicine

The field of healthcare is driven by hard facts and empirical evidence. Lives are saved and improved based on meticulous research and rigorous analysis. One notable example is the recent breakthrough in cancer treatment, where immunotherapy has shown a 40% increase in long-term survival rates. These numbers provide hope for millions battling this devastating disease.

Furthermore, the ongoing COVID-19 pandemic has thrust the importance of data into the spotlight. Through accurate tracking and analysis, we can make informed decisions about public health measures, vaccine distribution, and overall pandemic management.

Economics and Finance

In the realm of economics, numbers are the lifeblood of decision-making. Gross Domestic Product (GDP), inflation rates, and unemployment figures shape government policies and business strategies. For instance, a 1% increase in GDP translates to significant economic growth and job opportunities.

At the individual level, personal finance is deeply influenced by numerical analysis. Savings rates, investment returns, and credit scores determine our financial well-being. Understanding these numbers empowers individuals to make informed choices and plan for a secure future.

Technology and Innovation

Now, let's turn our attention to the world of technology and innovation. Cutting-edge advancements rely on data-driven insights and scientific breakthroughs. From artificial intelligence to renewable energy, numbers inform our understanding of what is possible and shape the trajectory of progress.

For example, did you know that the global market for Internet of Things (IoT) devices is projected to reach 75 billion by 2025? This exponential growth opens up vast opportunities for businesses and individuals alike to harness the power of connected devices and revolutionize industries.

The Real-World Application

Concrete data and hard facts hold immense value in our everyday lives. By understanding and engaging with these numbers, we can unlock a world of possibilities and make informed decisions. Let's explore how these insights can be practically applied.

Business Strategy and Decision-Making

For businesses, numerical insights are a game-changer. With data-driven decision-making, companies can identify trends, optimize processes, and tailor their offerings to meet customer needs. Analyzing market data, consumer behavior, and financial metrics allows businesses to stay ahead in highly competitive environments.

By partnering with RoamNook, an innovative technology company, businesses gain access to IT consultation and custom software development services. These solutions facilitate the collection, analysis, and visualization of data, empowering organizations to make strategic choices based on concrete information.

Digital Marketing and Growth

In the digital realm, numbers are the lifeblood of marketing success. Analyzing website traffic, conversion rates, and customer engagement metrics provides valuable insights for optimizing marketing campaigns and driving growth. Data-driven marketing strategies allow businesses to reach their target audience more effectively and maximize returns on investment.

Rely on RoamNook's expertise in digital marketing to unlock your brand's full potential. With a focus on data-driven strategies and innovative approaches, RoamNook helps businesses fuel their digital growth and achieve measurable results.

The Road Ahead: Fueling Digital Growth with RoamNook

As we conclude this exploration of numerical truths and objective realities, it's clear that data holds the key to progress. By embracing hard facts and concrete data, we can navigate the complexities of our world and make informed decisions that shape our future.

RoamNook, an innovative technology company, is dedicated to fueling digital growth. With expertise in IT consultation, custom software development, and digital marketing, RoamNook empowers businesses to harness the power of data and achieve tangible results.

Visit RoamNook today and discover how their cutting-edge solutions can transform your business. Embrace the power of numbers, unlock your potential, and embark on a journey of digital growth with RoamNook.

Source: https://healthpayerintelligence.com/features/how-can-payers-be-prepared-to-manage-third-party-security-incidents&sa=U&ved=2ahUKEwjCjrexobOFAxUYGFkFHTR9AMMQxfQBegQIBBAC&usg=AOvVaw3npq28tbir3e3dXa4sCnSx

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alliedcreation · 1 year

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Activewear Market Everything You Need To Know Forecasts, 2032

“Activewear Market," The activewear market size was valued at $425.5 billion in 2022, and is estimated to reach $771.8 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.

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Activewear is apparel, footwear, and accessories meant for sports and physical activities such as sprinting, yoga, bicycle riding, and other sports. Activewear comprises lightweight, breathable fabrics that allow for freedom of movement and comfort when exercising. With characteristics such as moisture-wicking, temperature management, and compression, these clothing are particularly intended to give utility and performance. Sports bras, leggings, shorts, tank tops, t-shirts, and jackets are examples of activewear apparel. In recent years, the sportswear industry has grown significantly, with an emphasis on efficiency, environmental responsibility, and aesthetics.

Rise in awareness of the benefits of participating in sports activities, such as better focus and problem-solving ability, has increased spending on fitness and sports apparel and footwear for youngsters. Furthermore, the educational systems of many nations across the world have contributed to the expansion of fitness business by recognizing the advantages of physical activities and incorporating them into the school curriculum. Fitness, health, and sports education initiatives at educational institutions have improved youth engagement and interest in fitness and sports activities. Furthermore, state-level, national-level, and international-level competitions held by various governments around the world have encouraged participation and developed interest in sports activities among this population, which is expected to increase purchasing of sports and fitness-related products. Thus, the rise in fitness and sports awareness among the younger population has fueled the activewear market opportunity for growth.

The introduction of e-sports has grabbed youth and acquired enormous popularity globally in recent years. Access to digital gadgets, widespread internet penetration, and increased use of social media platforms have all boosted e-sports. Furthermore, the COVID-19 pandemic has increased participation in e-sports, which has improved its attractiveness among millennials. Digital media and video games are pushing people all around the world to live sedentary lifestyles. Spending lengthy periods of time sitting and playing video games or consuming digital information discourages individuals from participating in and engaging in physical exercise.The growing popularity of e-sports has pushed young people to pursue it as a job, pastime, and source of pleasure. As a result, the growing popularity of e-sports poses a significant threat to outdoor sports such as tennis and football. The growing popularity of e-sports causes a decline in young engagement in sports and physical fitness activities, which has a negative impact on the activewear market growth. As a result, the increase in acceptance of e-sports amongst youth globally is expected to hinder the growth of the activewear market throughout the forecast period.

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The global activewear market is segmented into product type, fabric, gender, distribution channel, and region. By product type, the market is classified into ready-to-wear; fashion outer, pants, & t-shirts; rash guard, wet suit, & swim wear; sports shoes, aqua shoes, & aqua socks, and fashion brand. On the basis of the fabric, it is categorized into polyester, nylon, neoprene, polypropylene, spandex, cotton, and others. On the basis of the gender, the market is classified into men, women, and kids. Depending on the distribution channel, it is bifurcated into offline and online. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Players operating in the global activewear market have adopted various developmental strategies to expand their activewear market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Dick's Sporting Goods, INC., V.F. Corporation, Columbia Sporting Company, LULULEMON ATHLETICA INC., Puma SE, NIKE, INC., Adidas AG, Under Armour, Inc., Skechers U.S.A., INC., ASICS Corporation, PVH CORP., and The GAP, INC.

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Key findings of the study

According to the activewear market trends, on the basis of product type, the fashion outer, pants, & t-shirts segment dominated the activewear industry in 2022 and is expected to retain its dominance throughout the forecast period.

By fabric, the polyester segment led the global activewear market demand in 2022 and is expected to retain its dominance throughout the forecast period.

According to the activewear market analysis, on the basis of gender, the women segment led the global market in 2022 and is expected to retain its dominance throughout the forecast period.

On the basis of distribution channel, the offline segment dominated the global market in 2022 and is expected to retain its dominance throughout the activewear market forecast period.

Region wise, North America accounted for the highest market share in 2022 and is expected to grow at a CAGR of 4.9%.

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research--blog · 1 year

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Home Healthcare Market to be Worth $514.5 Billion by 2030 - Exclusive Report by Meticulous Research®

According to a new market research report titled, ‘Home Healthcare Market by Offering (Fertility, Pregnancy, Cholesterol Tests, Oxygen Delivery, Dialysis, IV, Patient Support Equipment), Services (Rehabilitation, Telehealth, Nursing, Hospice), Application (Cardiovascular, Diabetes)- Global Forecast to 2030,’ published by Meticulous Research®, the home healthcare market is projected to reach $514.5 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.

Population aging is the dominant demographic trend of the twenty-first century—a reflection of increasing longevity, declining fertility, and the progression of a large number of individuals to older ages. The OECD forecasts that, globally, the population aged 60 and over is expected to reach 2.1 billion by 2050. As per the World Health Organization (WHO) statistics, the global population in the age group of 60 years and above was expected to increase from 1 billion in 2020 to 1.4 billion in 2022. The growth in the aging population has resulted in the increased adoption of home healthcare services due to the high costs of hospital healthcare services.

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The geriatric population is highly susceptible to diseases such as high blood pressure, diabetes, arthritis, and cardiovascular diseases. Therefore, the growing global geriatric population, coupled with the fact that approximately 70% of home health patients belong to the age group of 65 years and above, is expected to drive the demand for home healthcare products and services during the forecast period.

Impact of COVID-19 on the Home Healthcare Market

The COVID-19 pandemic positively impacted the home healthcare market. The pandemic has increased the preference for home healthcare due to the risks of acquiring infections during hospital and clinic visits for treatment and related purposes. The pandemic has also increased the adoption of telehealth, making it a primary source of care for many patients. According to the 2021 World Economic Forum’s 5G Outlook Series report, there has been an increase of 490% in telemedicine visits for urgent cases. Furthermore, the outbreak of the COVID-19 pandemic increased the demand for home healthcare infrastructure and increased investments from governments in promoting homecare services. For instance, in August 2022, Fresenius Medical Care North America, the North American division of Fresenius Medical Care AG & Co. KGaA (Germany), acquired Interwell Health U.S. This acquisition was aimed at bringing Fresenius Health Partners’ expertise in kidney care and value-based performance and contracting.

The home healthcare market is segmented based on Offering (Home Tests and Patient Monitoring Equipment [Fertility Tests & Aids, Pregnancy Tests, Gender, DNA, and Parental Tests, Cholesterol Tests, HIV Tests, Holter Monitors, Blood Pressure Monitors, Oximeters, Heart Rate Monitors,

Thermometers, Stethoscopes, Defibrillators, Pedometers, Scales & Body Fat Monitors, Peak Flow Meters, Apnea Monitors, Baby Monitors, Coagulation Monitors, Diabetes Management]), Home Therapeutic Equipment ({Home Respiratory Therapy Equipment, [Continuous Positive Airway Pressure Equipment (CPAP Machines, CPAP Accessories & Consumables)], Oxygen Delivery Equipment, Nebulizers & Accessories, Ventilators & Accessories}, Home Dialysis Equipment, {Home Peritoneal Dialysis Products, Home Hemodialysis Products}, Home IV Equipment {IV Pumps, Other Home IV Equipment}, Other Equipment), Patient Support Equipment, {Mobility Assist Equipment, [Wheelchairs], Walking Assist Devices {Walking Assist Devices, [Walkers and Rollators, Canes & Walking Sticks, Crutches], Mobility Scooters, Medical Furniture and Accessories, Bathroom Safety Equipment), Services (Rehabilitation Services, Infusion Services, Skilled Care/Nursing, Unskilled Care Services, Telehealth Services, Hospice Care Services, Respiratory Therapy Services, Other Services), Application (Cardiovascular Diseases & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Cancer, Wound Care, and Other Applications) and Geography. The study also evaluates industry competitors and analyzes their market shares at the country and regional levels.

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Based on offering, in 2023, the home therapeutic equipment segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to increasing cases of chronic kidney and respiratory diseases, the high costs of therapeutic services in hospitals, and the availability of rental products, including ventilators, nebulizers, and oxygen delivery equipment.

Based on services, the skilled care/nursing segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the wide range of daily tasks performed by nurses to provide adequate care for patients receiving homecare, the rising adoption of home-based treatments that require technical knowledge of operating healthcare products which includes home dialysis equipment, and home IV equipment, home respiratory therapy equipment, and the increasing demand for home care for the elderly population.

Based on application, in 2023, the diabetes segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to the rising number of diabetic patients globally who are more prone to diseases such as cardiovascular diseases and Alzheimer's disease. Furthermore, the growing need to monitor the heart rate, hemoglobin, cholesterol, and blood pressure levels of diabetic patients contributes to the growth of this market segment.

“Exciting news! We are thrilled to announce an incredible opportunity for you!

For a limited time only, we are delighted to offer an exclusive flat 30% discount on all our remarkable research reports. It's our way of showing appreciation for your continuous support and commitment to staying informed. This remarkable discount allows you to unlock a wealth of valuable insights and expert analysis at an unbeatable price. Whether you're a business professional, an academic researcher, or an avid learner, this offer is tailor-made to enhance your knowledge and empower your decision-making.”

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Based on geography, in 2023, North America is expected to account for the largest share of the home healthcare market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest shareholding market in North America. The market growth in the U.S. is attributed to the high disposable incomes of the population, the rising number of patients with chronic diseases, and government investments in promoting home healthcare. However, Asia-Pacific is expected to witness a rapid growth during forecast period. The growth of this regional market is attributed to the increasing geriatric population, the rising prevalence of chronic diseases in developing nations, the increasing investments in home healthcare in developing countries such as China and India, and the higher preference for home-based treatments due to the high costs of hospital services. Furthermore, government initiatives promoting homecare and the launch of advanced homecare products are driving the growth of the home healthcare market in Asia-Pacific.

The report also includes an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. In the last couple of years, the home healthcare market has witnessed various developments.

Some of the key players operating in the home healthcare market are Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Owens & Minor (U.S.), B. Braun SE (Germany), Baxter International, Inc. (U.S.), BAYADA Home Health Care (U.S.), Convatec (U.K.), Halyard Health, Inc. (U.S.), Covidien (Ireland), Fisher & Paykel (New Zealand), Fresenius Medical (Germany), GE Healthcare (U.S.), Johnson & Johnson (U.S.), and F. Hoffmann-La Roche AG (Switzerland).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/home-healthcare-market-1280

Scope of the Report:

Home Healthcare Market, by Offering

Home Tests and Patient Monitoring Equipment

Fertility Tests & Aids

Pregnancy Tests

Gender, DNA, and Parental Tests

Cholesterol Tests

HIV Tests

Holter Monitors

Blood Pressure Monitors

Oximeters

Heart Rate Monitors

Thermometers

Stethoscopes

Defibrillators

Pedometers

Scales & Body Fat Monitors

Peak Flow Meters

Apnea Monitors

Baby Monitors

Coagulation Monitors

Diabetes Management

Home Therapeutic Equipment

Home Respiratory Therapy Equipment

Continuous Positive Airway Pressure Equipment

CPAP Machines

CPAP Accessories & Consumables

Oxygen Delivery Equipment

Nebulizers & Accessories

Ventilators & Accessories

Home Dialysis Equipment

Home Peritoneal Dialysis Products

Home Hemodialysis Products

Home IV Equipment

IV Pumps

Other Home IV Equipment

Other Equipment

Patient Support Equipment

Mobility Assist Equipment

Wheelchairs

Walking Assist Devices

Walkers and Rollators

Canes & Walking Sticks

Crutches

Mobility Scooters

Medical Furniture and Accessories

Bathroom Safety Equipment

Home Healthcare Market, by Services

Rehabilitation Services

Infusion Services

Skilled Care / Nursing

Unskilled Care Services

Telehealth Services

Hospice Care Services

Respiratory Therapy Services

Other Services

Home Healthcare Market, by Application

Cardiovascular Diseases & Hypertension

Diabetes

Respiratory Diseases

Pregnancy

Mobility Disorders

Cancer

Wound Care

Other Applications

Home Healthcare Market, by Geography

North America

U.S.

Canada

Europe

Germany

France

Italy

U.K.

Spain

Rest of Europe (RoE)

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

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freefartexpert · 1 year

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Internet of Things (IoT) in Healthcare Market to be Worth $312.7 Billion by 2030 - Exclusive Report by Meticulous Research®

According to a new market research report titled, ‘IoT in Healthcare Market by Component (Monitoring Devices (Glucose, Cardiac, Respiratory, Blood Pressure), Pacemaker, Ventilator, Infusion Pump}, Software), Application (Telehealth, Imaging, Operation Management), End User - Global Forecast to 2030’ published by Meticulous Research®, the IoT in healthcare market is projected to reach $312.7 billion by 2030, at a CAGR of 15% from 2023 to 2030.

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The healthcare industry is rapidly shifting from paper-based healthcare to digital healthcare technology. Effective use of IoT-enabled solutions in healthcare fulfils the need for better diagnosis and treatment, thereby reducing the cost of healthcare services. This digital approach is patient-centric and uses data from across the healthcare continuum to improve the patient experience and the population's health and reduce a load of chronic diseases in the population.

The increasing burden of chronic diseases, rising number of patients, growing geriatric population, technological advancements in the healthcare sector, and focus on digitalization in the healthcare industry are driving the IoT in healthcare market growth. The rising focus on telehealth and the growing adoption of IoT-enabled medical devices and sensors for effective treatment delivery provide market growth opportunities. However, patient data security concerns and issues related to data management and interoperability are creating challenges for the growth of this market to some extent. High implementation and ownership costs of IoT infrastructure and a lack of consumer awareness about healthcare IoT in emerging economies hinder the market growth.

Some of the key players in the IoT in healthcare market include Medtronic plc (U.S.), GE HealthCare Technologies Inc. (U.S.), Koninklijke Philips N.V., Philips (Netherlands), Siemens Healthineers (Germany), Abbot Laboratories (U.S.), Boston Scientific Corporation (U.S.), Honeywell Life Care Solutions (U.S.), BIOTRONIK SE & Co. KG (Germany), AgaMatrix, Inc. (U.S.), Securitas Healthcare, LLC. (U.S.), AliveCor (U.S.), iHealth Labs, Inc. (U.S.), Johnson & Johnson (U.S.), Baxter (U.S.), OMRON Healthcare, Inc. (Japan), Intel Corporation (U.S.), International Business Machines Corporation (U.S.), and Microsoft Corporation (U.S.).

Growing Focus on Telehealth to Offer Opportunities for Internet of Things (IoT) in Healthcare Market Growth

Telehealth uses communication technologies and digital information, such as smartphones and computers, to manage and access remote healthcare services. Many countries increasingly adopt telehealth in their healthcare services infrastructure. With IoT-based solutions, healthcare providers and patients can monitor their progress through the automated record of patients’ vitals and other health conditions. The data collection and remote connectivity of IoT technology make it perfect for expanding and enabling telemedicine services government bodies across the globe are also emphasizing the use of telehealth technologies, thus driving market growth. For instance, in February 2020 CDC issued a guideline to healthcare providers to adopt telehealth services to reduce the risk of COVID-19 spread. Additionally, the shortage of healthcare providers, the rising elderly population, the increasing burden of chronic diseases, and technological advancements in the healthcare sector provide market growth opportunities.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4945

IoT in Healthcare Market is segmented by Component (Medical Devices [by Type {Benchtop & Portable Medical Devices, Implantable Medical Devices, Wearable Medical Devices}, by Product {Imaging Systems, Monitoring Devices, Cardiovascular Devices, Patient Monitors, Ventilators, Infusion Pumps, Anesthesia Machines, Hearing Devices, Dialysis Machine, Other IoT-enabled Medical Devices}], Software [Data Collection and Analytics, Device Integration, Hospital Operation Management, Others], Services), Application (Telehealth/Telemedicine, Hospital Operations & Workflow Management, Inpatient Monitoring, Imaging, Other Applications), End User (Hospitals & Clinics, Home Care & Long-Term Care Centers, Health Insurance Companies, Personal Users, Other End Users), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Based on component, the IoT in healthcare market is segmented into medical devices, software, and services. In 2023, the medical devices segment is expected to account for the largest share of the IoT in healthcare market. Wearable IoT medical devices and home monitoring systems provide clinicians with essential data about patients' vital signs, physical activity, and other health parameters. These parameters play an important role in remote patient monitoring. IoT-enabled medical devices act as a support system for healthcare providers as it eliminates the need for the physical presence of doctors. Moreover, the growing emphasis on patient care and safety, the need for patient data for accurate diagnosis, and consumer inclination toward medical devices for self-care drive the market.

Based on application, the IoT in healthcare market is segmented into telehealth/telemedicine, hospital operations & workflow management, inpatient monitoring, imaging, and other applications. In 2023, the telemedicine segment is expected to account for the largest share of the IoT in healthcare market. The largest share of the segment is attributed to the high adoption of telemedicine in healthcare services by many countries, increased accessibility to healthcare services in remote locations through telemedicine, and government initiatives for the adoption of telemedicine.

Quick Buy – IoT in Healthcare Market Research Report: https://www.meticulousresearch.com/Checkout/83099439

IoT telemedicine can enable healthcare providers to remotely monitor patients' health status in real-time, allowing for early intervention and better management of chronic conditions. IoT-enabled remote patient monitoring solutions can include wearable devices that monitor vital signs, such as heart rate, blood pressure, and glucose levels, and send the data to healthcare providers for review.

Based on the end user, the IoT in healthcare market is segmented into hospitals & clinics, home care & long-term care centers, health insurance companies, personal users, and other end users. The home care & long-term care centers segment is projected to register the highest CAGR during the forecast period. People suffering from chronic diseases prefer home care & long-term care over hospitals and clinics owing to the comfort and convenience of patients in home care, less cost, and faster recovery. This is expected to drive the market. IoT-enabled medical devices in care centers help patients and healthcare providers monitor health in real time for treatment planning and tracking patients' health conditions.

Based on geography, the IoT in healthcare market is segmented into North America, Europe, Asia-pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register for the highest CAGR over the forecast period. The growth of this market is attributed to the fast-growing healthcare industry, efforts to digitalize the healthcare infrastructure in India, China, and other emerging economies, investments & reforms to modernize China’s healthcare infrastructure, and the need to manage the burden of chronic diseases.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/healthcare-iot-market-4945

Scope of the Report:

IoT in Healthcare Market Assessment, by Component

Medical Devices

Medical Devices, by Type

Benchtop & Portable Medical Devices

Implantable Medical Devices

Wearable Medical Devices

Medical Devices, by Product

Imaging Systems

Monitoring Devices

Blood Glucose Monitoring Devices

Cardiac Monitoring Devices

Blood Pressure Monitoring Devices

Multiparameter Monitoring Devices

Respiratory Monitoring Devices

Fetal and Neonatal Monitoring Device

Neurological Monitoring Devices

Other Monitoring Devices (Oxygen Concentrator, Thermometer, and Weight Monitoring Devices)

Cardiovascular Devices

Implantable Cardioverter Defibrillators

Pacemakers

Patient Monitors

Ventilators

Infusion Pumps

Anesthesia Machines

Hearing Devices

Dialysis Machines

Other IoT-enabled Medical Devices

Note: Other monitoring devices include Oxygen Concentrator, Thermometer, and Weight Monitoring Devices

Note: Other IoT-enabled medical devices include sleep therapy devices, medical emergency response systems, hand hygiene monitors, posture and activity tracking systems, and connected inhalers.

Note: Consumer electronic devices such as smartwatches and fitness trackers are not considered under the scope of this study

Software

Data Collection and Analytics

Device Integration

Hospital Operation Management

Other Software

Services

Other software include medication management, hospital components management, and data and application security.

IoT in Healthcare Market Assessment, by Application

Telehealth/Telemedicine

Hospital Operations & Workflow Management

Inpatient Monitoring

Imaging

Other Applications

Other applications include Fitness and wellness Measurement, Predictive Device Maintenance, and Medication Management

IoT in Healthcare Market Assessment, by End User

Hospitals & Clinics

Home Care & Long-Term Care Centers

Health Insurance Companies

Personal Users

Other End Users

Other end users include academic & research institutes, defense, and government agencies.

IoT in Healthcare Market Assessment, by Geography

North America

U.S.

Canada

Europe

U.K.

Germany

France

Spain

Italy

Rest of Europe

Asia-Pacific

Japan

China

India

Rest of Asia-Pacific

Latin America

Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4945 About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/204/healthcare-iot-market-2030

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assurecare · 1 year

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Population Health Management: Its Origins, Current State and Future Outlook

As we approach the holiday season, the health and wellness of our loved ones, friends and communities is certainly top of mind for us all. To say that 2021 has been a challenging year is an enormous understatement. As I reflect on the impact of the COVID-19 pandemic on our physical and mental health, the focus on population health management becomes even more important.

Population health management is most commonly defined as the process of improving clinical health outcomes of a defined group of individuals through improved care coordination and patient engagement supported by appropriate financial and care models. The perception may be that population health management is a relatively new trend, but it has been a fundamental component of the U.S. healthcare industry for years.

In my 25+ years at AssureCare, I have seen population health management evolve as a significant part of many different initiatives. The following drivers have influenced this evolution:

Integration of the Commercial and Public Sectors. In the United States and U.S. Territories two prominent groups are responsible for the payment of healthcare services. The commercial sector includes insurance companies such as Aetna, Cigna, the Blue Cross Blue Shield companies, and many others. The second is the public sector, which offers and funds government-sponsored healthcare programs. These two sectors were historically divided operationally until the signing of the 2010 Affordable Care Act (ACA). ACA catalyzed the breaking down of the walls between the public and private sectors, leading to an increase in healthcare coverage and access to care—both essential to achieving the goals of the Institute of Healthcare Improvement (IHI) Triple Aim.

Impact of HCBS and LTSS Programs. Home & Community Based Services (HCBS) and Long-Term Services and Supports (LTSS) programs are critical to population health management initiatives, to help keep patients independent and in their home. These programs are designed to improve people’s lives by offering a range of services that are crucial to managing chronic diseases — medication management, healthy eating habits, basic needs and more.

Transition from Fee-for-Service to Value-Based Care. The traditional fee-for-service reimbursement model focused on quantity of services, whereas the newer approach of value-based care focuses on quality of services and patient care. This patient-centric, outcomes-driven model is a key driver in population health management and ensuring that your platform enables patient engagement solutions is critical.

Staying Ahead of the Curve. Healthcare and supporting healthcare information technology (HIT) are constantly advancing. Telehealth, wellness initiatives and access to mobile devices are just a few of the drivers that are improving population health management today. The healthcare industry, including payors, providers, and pharmacists, must be committed to a proactive approach. As mentioned earlier, the COVID-19 pandemic placed a tremendous burden on the healthcare system. It is more important than ever to keep our communities healthy through targeted and effective population health management initiatives.

AssureCare’s core mission is to provide solutions that transform population health management, specifically to greatly enhance the programs I mentioned above. From our company’s legacy care management solutions to the evolution of our latest comprehensive population health management platform, we are unifying payers, providers, government sponsored healthcare programs and pharmacies to work efficiently and effectively together to deliver patient-centric care. I am humbled by our company and customers’ commitment to improve patient care, and I am proud of the innovations we are collectively bringing to the market today and in the future.

Interested in learning more? Check out some of our recent Population Health Resources here.

#population health management #healthcare #healthcare it #health tech

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marketing123456789 · 2 years

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Animal Feed Ingredients Market Report Revealing the Latest Trends and Advances from 2032

According to Future Market Insights (FMI), the global animal feed ingredients market recorded year-on-year (YoY) growth of 3.1% and is accounted for USD ~38.8 Bn in 2021. The market is expected to exhibit a CAGR of ~3.0% to reach the value of USD ~58.6 Bn in 2032. Increasing government initiatives to encourage agricultural businesses has supplemented investments in animal feed ingredients.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Download In-depth Report sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11233

It includes in-depth insights into the Animal Feed Ingredients market. Some of these are:

The estimated value of the market was at US$ 155 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.

Asia Pacific emerged as the leading regional Animal Feed Ingredients market and accounted for significant share of the global demand.

North America is expected to witness steady growth on account of recovery of economic situation in the U.S.

Key players are likely to focus on product innovations to stay relevant in developed markets.

“Change in dietary patterns supported by growing importance of health management has promoted protein consumption in daily diets increasing meat products intake, thereby contributing towards Animal Feed Ingredients market growth,” said a lead analyst at FMI.

Despite Focus on Healthy Diet, Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Because of the significance of protein as a major constituent in biologically active compound in the body, protein rich products are highly commendable for poultry production and nutrition. It assists in body tissue synthesis for renovation and for faster development. Broilers typically need high dietary protein to drive product demand to optimize broiler efficiency and benefit.

These protein-rich poultry diets are highly digestible and devoid of less anti-nutritional factors (ANF’s) which help in early gut development and digestive physiology to improve performance and immunity when fed early to broiler chicks.

Protein-offered amino acid profile plays an important role in development, egg production, immunity, environmental adaptability and many other biological functions. These factors will propel Animal Feed Ingredients market demand.

Rising population along with growing economic standards has led to increase in food service spending. However, contrary to aforementioned predictions, the market may be heading towards tough waters. Coronavirus outbreak had a considerable impact on consumption pattern of buyers.

They are unlikely to purchase meat products amidst lockdown enforced across various nations. This will invariably impact growth forecasts for the market. For instance, lockdown enforced on meat and seafood markets across Asia Pacific will restrict the market’s expansion in the region.

Who is Winning?

Burcon NutriSciences, Alltech, Nutraferma LLC, ADM, Hamlet Proteins, Dupont, Calysta, Titan biotech, Koninklijke DSM, and Proliver are some of the key players functioning in the global Animal Feed Ingredients market. Market players are engaged in innovations, product launches, and partnerships, in order to expand their product portfolio, increase presence in other regions.

In February 2022, Catalysta has developed and commercialized FeedKind protein which is used as in organic systems for animal feed. It is safe sustainable non-animal protein source approved in sale for multiple countries as an alternative to wheat and soy protein. The product would help in catering demand for alternative protein sources.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Animal Feed Ingredients Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Animal Feed Ingredients market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market.

On the basis of source, the animal protein ingredients market can be segmented into fish and meat. The meat segment is further sub-segmented on the basis of animal origin, that is, pork, beef, and poultry. The fish derived proteins are typically used in the dietary supplements and cosmetic industry.

On the basis of applications, the animal protein ingredients market can be segmented as feed industry, pet food industry, the pharmaceutical industry, dietary supplements and food industry. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

View Full Report@ https://www.futuremarketinsights.com/reports/animal-feed-protein-ingredients-market

Key Segments

Product Type:

Compound feed

Fodder

Forage

Oilseed meals

Animal-by-product meals

Source:

Animal-based Protein

Plant-based Protein

Application:

Poultry

Ruminants

Swine

Aquatic Animals

Other Animals (Pet Animals, Birds, and Reptiles)

Research and biotech

Biocatalysts

Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

MEA

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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foodandbeverages · 2 years

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Pet Dietary Supplements Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2033

During the projection period, it is anticipated that the market for pet dietary supplements will grow at a consistent CAGR of 7.3%. The market has a share of US$ 4.3 billion in 2023 and anticipates US$ 8.7 billion in sales by 2033.

This trend is being mirrored in the high frequency of the launch of innovative formulations in the market. According to Pet Food Processing, 45 new nutritional products for pets were launched in 2020. The pet owner’s love for their pets is driving the demand for pet dietary supplements, besides the fact that supplements ensure that the pets receive proper nutrition, which off-the-shelf pet foods might be void of. Additionally, pet dietary supplements find demand among the millennial care takers.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12069

Millennial, who account for a majority of pet owners, also think that pets deserve the same treatment as small children, thus explaining the demand for pet dietary supplements. Natural and organic pet supplements are becoming increasingly popular. Herbs and superfood are being incorporated into the pet supplements, which will aid the overall market expansion.

Probiotic Supplements to Be Highly Sought-after

As in case of humans, probiotic supplements for dogs are used to aid digestive health and regularity. Probiotic nutritional supplements facilitate the regulation of the good bacteria in the digestive system that helps to break down dog food so that nutrients can be better extracted. The probiotic supplements can also inhibit the growth of harmful bacteria that can make both humans and dogs sick, an example of which is E. coli.

Obesity is a growing health problem among pets, encouraging an increasing number of veterinary practioners to open weight-loss clinics. According to the Association for Pet Obesity Prevention, 59% of cats and 54% of dogs in the U.S. were overweight or obese in 2016, and this concern has increased over the recent years. Weight management is trending within the pet industry and dietary changes are being taken care of so as to regulate the pet weight and ensure its health.

This change in consumer buying preference has encouraged the players in the market to focus on innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period. FMI in its latest study has forecast the market to rise at a CAGR of 7.1% between 2020 and 2030.

Key Takeaways from the Pet Dietary Supplements Market Study

FMI in its latest study has forecast the pet dietary supplements market to rise at a CAGR of 7.1% between 2020 and 2030The U.S. will continue exhibiting strong demand and account for nearly 88% of the North America market.

The demand from the U.K. will remain steady as FMI projects it to exhibit 3.8% Y-o-Y growth in 2021Increasing pet ownership will support growth in Germany and FranceJapan and South Korea will emerge as key markets in East Asia”Consumers’ awareness regarding pet health is rising, which in turn is increasing the demand for pet dietary supplements. Moreover, increasing focus of companies on advertisement and promotion of pet dietary supplements is positively aiding expansion of the market,” said an FMI analyst.

Disruptions Caused Due to COVID-19 Impacting Sales

The current pandemic outbreak has posed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the spectacular shift from discretionary spending to essential goods has further negatively impacted the market growth.

E-Commerce is redefining the commercial activities around the world. In fact, the Covid-19 pandemic and lockdown effects have tipped the involvement of e-Commerce within all industries. The segment of population not prevalent with internet retailing has also adopted it, it being the only resort. There is a lot of opportunity for companies and online services to work together to offer greater engagement to consumers.

Who is winning?

A few of the key players in the pet dietary supplements market are Nestle SA, Mars Incorporated, NOW Foods, Blue Buffalo Co Ltd., Ark Naturals, Virbac, Novotech Nutraceuticals, Inc., Zoetis, PetAG, Inc., VetClassics and GNC, among others.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12069

Companies operating in the market are increasingly investing in product development with an aim to gain a competitive advantage over other players operating in the market.

Pet Dietary Supplements Market by Category Product Type

Glucosamine

Probiotics

Multivitamins

Omega-3 fatty acids

Others

Application

Joint Health

Digestive Health

Weight Management

Skin and Coat Health

Dental Care

Others

Form

Capsules

Tablets

Powder

Others

Form

Dog

Cat

Horse

Others

Sales Channel

Wholesalers & Distributors

Modern Trade

Convenience Stores

Multi-brand Stores

Pet Specialty Stores

Online Retailing

Region

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa (MEA)

Information Source: https://www.futuremarketinsights.com/reports/pet-dietary-supplements-market

#Pet Dietary Supplements Market

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meditech-insights · 2 years

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U.S. Remote Patient Monitoring (RPM) Market is estimated to reach $15 billion opportunity by 2025 and increase at a CAGR of 25% between 2020-2025

The U.S. Remote Patient Monitoring (RPM) market has a massive, untapped growth opportunity of over $ 10 billion, according to Medi-Tech Insights' most recent analysis.

The U.S. Remote Patient Monitoring (RPM) market is expected to be a $15 billion opportunity by 2025. The U.S Remote Patient Monitoring (RPM) market set to witness 25% CAGR (2020-2025), driven by Chronic Disease Management, Post-acute Care, Home Health Care & Introduction of new CPT codes in RPM by CMS. In-depth analysis of key growth levers, pricing intelligence, the competitive landscape, segment analysis, product/offering mapping, and untapped growth pockets are all included in the study.

The healthcare field is one that is expanding quickly and marked by ongoing technological and service advancements Remote patient monitoring is a significant advancement in this area that offers many benefits in an ageing world population with rising health complications. The technology has developed to the extent that patients can be monitored not only inside hospitals rooms but also at home with the use of modern communication and sensor technologies.

Technological advancements in remote patient monitoring devices allows monitoring of multiple vital sign parameters such as blood pressure, heart rate, respiration rate, electrocardiogram reading, temperature, blood glucose levels, among others. The technology is being used to keep an eye on a wide range of individuals, including elderly people, accident victims, premature children, and patients with long-term illnesses.

Influencing Factors: U.S. Remote Patient Monitoring (RPM) Market

Drivers

Introduction of new CPT reimbursement codes by the CMS in 2019 (CPT 99453, CPT 99454 and CPT 99457) and 2020 (CPT 99458) to broaden the adoption of RPM services

Rising burden of chronic diseases and pressure to reduce healthcare costs

Growing recognition of RPM as a tool to proactively monitor and improve patient engagement, and reduce ED visits, readmissions, and lengths of stay in hospital—all of which help improve patient outcomes and contain costs

Presence of 200+ small and mid-size companies in RPM space leading to competitive environment for growth and innovation

Favourable investment landscape for RPM & Telehealth

Barriers/Challenges: Remote Patient Monitoring (RPM) Market

Continuous Data Monitoring - Cumbersome to monitor all the data 24*7 by the physicians/clinical staff & frequent false alerts

Patient Readiness & Data Privacy Concerns - Most chronically ill individuals are older, generally less tech-savvy and often warier that technology will intrude on their personal life

Data Integration – Integrating third-party RPM data with the EHR

Covid-19 Lends a Positive Spin to the U.S. Remote Patient Monitoring (RPM) Market

Covid-19 had positive impact on the U.S. remote patient monitoring (RPM) market as value of RPM services became even more apparent. The next phase of growth is expected to be driven by increased adoption and usage of remote patient monitoring services in the ongoing pandemic, need to reduce patient costs and improve outcomes for patients with chronic conditions. Patient demand and financial incentives for providers and health systems are driving demand for post-acute care in areas like cardiology, orthopedics amongst others.

Explore Premium Report on U.S. Remote Patient Monitoring (RPM) Market @ https://www.prweb.com/releases/u_s_remote_patient_monitoring_rpm_to_be_a_15_billion_opportunity_by_2025_driven_by_chronic_disease_management_post_acute_care_introduction_of_new_cpt_codes/prweb18015114.htm

Providers are Biggest Users but Other High Growth Segments Emerging

While providers will continue to produce the largest segment, other segments including health plans/payors, employers, home health agencies, and clinical trials are predicted to expand at a CAGR of 35-45% over the next 5 years.

U.S. Remote Patient Monitoring (RPM) Market – A Highly Fragmented Market

The RPM market is highly fragmented with over 200 companies vying to grab a share of this nascent market and it is critical for RPM companies to deploy well-researched pricing and go-to-market strategies. Companies from the PERS and Telehealth markets are also interested in entering the market, as seen by Teladoc's recent acquisition of Livongo.

Key Growth Levers for Remote Patient Monitoring (RPM) Companies Include:

Offering solutions that are comprehensive, integrated and tailored to chronic disease areas like diabetes, COPD, hypertension

Incorporation of AI/ML into RPM solutions to increase patient engagement & compliance

Going beyond capturing data and helping physicians to manage patient populations to improve outcomes and reduce costs

Partnerships with third-parties including technology companies, device manufacturers, patient care companies to provide holistic care pathway

Strategic M&A to acquire wider coverage of geographies, disease areas and to gain scale and financial muscle

Business Models of U.S. Remote Patient Monitoring (RPM) Market

Currently, multiple business models are being deployed but Subscription Based Model is the most widely used business model in the remote patient monitoring (RPM) market. According to this model, remote patient monitoring companies provide providers access to RPM platforms and devices, which are then shared with patients for remote monitoring of their physiological parameters and vital signs.

Competitive Landscape Analysis of U.S. Remote Patient Monitoring (RPM) Market

In terms of competitive landscape, the U.S. remote patient monitoring (RPM) market is marked by presence of both established players and several small players. Some of the prominent players operating in the market U.S. remote patient monitoring (RPM) market include Vivify Health, Health Recovery Solutions, Teladoc-Livongo, Amwell, AMC Health, Careclix, Ontrak, Accuhealth, iHealth Labs and many others.

Innovative companies are differentiating from their competitors by fine-tuning their business models, refining their product & service offerings and tailoring pricing strategies based on type of customer segment, geographic coverage, population health metrics & continuum of care offered.

Today, there is a unique window of opportunity to tap into this high-growth RPM market by developing the right strategies and leveraging industry acumens.

For More Comprehensive Insights, Contact Us @ https://meditechinsights.com/contact-us/

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

Contact:

Ruta Halde

Associate, Medi-Tech Insights

+32 498 86 80 79

[email protected]

#Healthcare #Remote-Patient-Monitoring-Market #RPM-Market

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market-insider · 1 year

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Sports Nutrition Market Growth Contributed To Rising Adoption Of Fitness Activities And Diet Food

The global sports nutrition market size is expected to reach USD 81.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2023 to 2030. The rising adoption of fitness activities and diet food is expected to contribute to the market growth.

The consumption of sports nutrition products by a large population pool is expected to drive the market. Moreover, the increasing number of health clubs and fitness centers is anticipated to positively contribute to the growth. For instance, Brazil had 29,125 fitness and health clubs operational in 2020, while Mexico had 12,817 health clubs. Furthermore, there has been a noticeable increase in the demand for fitness as consumers seek to exercise and reap the benefits of an active lifestyle.

Gain deeper insights on the market and receive your free copy with TOC now @: Sports Nutrition Market Report

The rising number of individuals suffering from obesity and increased awareness about health-related issues are expected to boost the demand for supplements during the forecast period. For instance, in North America, the incidence of obesity is growing at an alarming rate. According to the CDC, the prevalence of obesity in the U.S. was 41.9% from 2017 to 2020. Further, an increase in awareness about the role of nutritional supplementation in managing health and leading an active life is fueling the market growth. The increasing popularity of herbal and organic products is also a significant factor driving the market.

Increased use of social media platforms for the promotion of nutritional products by manufacturers and the partnerships undertaken by them with fitness influencers, bloggers, and nutrition influencers are expected to boost awareness about the products, thereby positively impacting the growth of the market during the forecast period. For instance, MyProtein hired celebrity nutritionist Arunav Bhattacharyya as a brand influencer to promote its brand in India.

Various initiatives such as the launch of new products and product innovations are being undertaken by manufacturers, which is driving the market. For instance, in February 2021, Clif Bar & Company launched snacking bars to expand its Luna bars product portfolio. These snack bars comprise prebiotics to support digestive health and act as healthy snacking alternatives or meal replacements. Moreover, the adoption of online platforms has increased considerably due to the COVID-19 pandemic. According to a survey conducted by United Nations Conference on Trade and Development and Netcomm Suisse eCommerce Association, online purchase of pharmaceutical and health products has increased by 9.0%. This, in turn, is driving the nutritional supplements market.

Competitive Analysis By Major Brands

Mergers & acquisitions, collaborations, and flavor differentiation are among the key strategies adopted by leading companies for gaining a competitive edge in the market. Some prominent players in the global sports nutrition market include: Iovate Health Sciences; Abbott; Quest Nutrition; PepsiCo; Cliff Bar; The Coca-Cola Company; MusclePharm.

For More Details or Sample Copy please visit link @: https://www.grandviewresearch.com/industry-analysis/sports-nutrition-market/request/rs5 Grand View Research, Inc. has segmented the global sports nutrition market on the basis of product type, application, formulation, consumer group, end-user, sales channel, and region.

#Sports Nutrition Market Size & Share #Global Sports Nutrition Market #Sports Nutrition Market Latest Trends #Sports Nutrition Market Growth Forecast #COVID-19 Impacts On Sports Nutrition Market #Sports Nutrition Market Revenue Value

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desaletushki · 2 years

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Sports Nutrition Market Size, Share, Growth, Trends and Forecast 2030

Request Free Sample Report: https://www.grandviewresearch.com/industry-analysis/sports-nutrition-market

Sports Nutrition Market Report Highlights

In 2022, by product, the sports supplements segment held the largest share due to the growing awareness about health and fitness among the adults

In 2022, the post-workout application segment dominated the market owing to the various benefits offered by these products such as increased muscle strength and recovery

In 2022, the powder formulation segment held the largest share due to the ease of consumption and longer shelf life of products

In 2022, the adult consumer group segment held the largest share owing to the increased number of adults taking up fitness and exercise activities

In 2022, the fitness enthusiasts end-user segment dominated the market due to the growing trend of fitness among the consumers

The brick-and-mortar sales channel segment held the largest share in 2022 due to the customer preference to buy products through these stores

In 2022, North America held the largest share of over 45.0% due to the availability of advanced healthcare facilities and high healthcare expenditure

Key Companies & Market Share Insights

Mergers & acquisitions, collaborations, and flavor differentiation are among the key strategies adopted by leading companies for gaining a competitive edge in the market. In February 2021, Clif Bar & Company expanded Luna Bar's product portfolio by launching snack bars with prebiotics to support digestive health. It serves as a meal replacement or a healthy snacking alternative. Some prominent players in the global sports nutrition market include: Iovate Health Sciences, Abbott, Quest Nutrition, PepsiCo, Cliff Bar, The Coca-Cola Company, MusclePharm, The Bountiful Company, Post Holdings, BA Sports Nutrition, Cardiff Sports Nutrition, Jacked Factory, Orgain

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/sports-nutrition-market

#Sports Nutrition Market Size #Sports Nutrition Market Growth #Sports Nutrition Market Share #Sports Nutrition Market Forecast

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akashpawar0412 · 2 years

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Waste Electrical and Electronic Equipment Market Value Report Forecast 2022-2028

Due to the COVID-19 pandemic, the global WEEE (Waste Electrical and Electronic Equipment) Recycling market size is estimated to be worth US$ 3,940.79 million in 2022 and is forecast to a readjusted size of US$ 6,534.59 million by 2028 with a CAGR of 8.79% during the review period. Fully considering the economic change by this health crisis, Small Electrical and Electronic Devices (Small Household Appliances, Consumer Electronics, Flashlights, Small Fans, etc.) accounting for 35% of the WEEE (Waste Electrical and Electronic Equipment) Recycling global market in 2021, is projected to value US$ 2,458.97 million by 2028, growing at a revised 9.89% CAGR in the post-COVID-19 period. While Metal Smelting was the leading segment, accounting for over 81.74 percent market share in 2021, and altered to an 9.03 % CAGR throughout this forecast period.

This report focuses on global and China WEEE (Waste Electrical and Electronic Equipment) Recycling market, also covers the segmentation data of other regions in regional level and county level.

Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology

Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/7/waste-electrical-and-electronic-equipment-market

In China the WEEE (Waste Electrical and Electronic Equipment) Recycling market size is expected to grow from US$ 1,541.98 million in 2021 to US$ 2,739.62 million by 2028, at a CAGR of 8.72% during the forecast period.

More than 50 million tons of e-waste are generated globally every year. Some of it ends up in landfills, where toxic chemicals can leach out over time. E-waste can also flow to developing countries, where informal e-waste disposal can cause serious health and pollution problems.

In 2019, global WEEE was 53.6 million tons, with only 9.3 million tons of recorded collection and recycling, a recovery rate of 17.4%, compared with 57.4 million tons of global WEEE in 2021, with only 9.3 million tons of recorded collection and recycling 11.17 million tons, the recycling rate is 20.13%, and 7.5 kg of waste electronic products are produced per capita.

The United States has no national legislation on e-waste management, but 25 states and the District of Columbia have enacted some form of legislation. State laws vary in scope and impact, as well as in whether to prohibit consumers from disposing of electronic products in landfills. Collectively, these laws cover 75-80% of the U.S. population. However, many areas of the country, including the states covered by law, do not have convenient collection methods due to varying scope. Except for California and Utah, all states that have implemented laws use Extended Producer Responsibility (EPR). Canada does not have national legislation to effectively manage e-waste because federal agencies do not have this authority. However, 12 provinces and territories have developed regulations using industry management plans, with the exception of Nunavut, Canada's least populous territory. On average, the product range is much wider than in the United States; in many Canadian provinces, compliance with the EPR can be achieved by joining an approved e-waste compliance program. Regulation in Latin America has moved slowly, with only a few countries managing to establish e-waste laws.

Although Latin America has made considerable progress in implementing specific e-waste regulations over the past 5-10 years, this progress has been limited to a few countries, while for others the road ahead remains very long. With the exception of Mexico, Costa Rica, Colombia and Peru, which are likely to be the leading players in the region's environmentally sound e-waste management and are committed to improving the systems already in place in 2020, only Brazil and Chile are building the foundations from which to begin implementing formal E-waste regulatory framework. Brazil recently published the "Sectoral Agreement for the Implementation of the WEEE Reverse Logistics System from a Household Perspective" for public comment. The agreement is expected to be formally signed in 2020. Following the enactment of the Waste Management, Extended Producer Responsibility and Promotion of Recycling Framework Law in 2016, Chile is currently developing specific e-waste regulations, which will include collection and recycling targets and develop guidance for the implementation of a formal collection system policy.

Seven years after implementing Decree No. 1512 on waste from computers, printers and peripherals, Colombia is developing a new ordinance to expand e-waste classification to all e-waste categories and for integrated e-waste management The system is adjusted, taking into account lessons learned and guidelines established in accordance with WEEE Law No. 1672 and the WEEE National Management Policy. Looking back on the five years since the implementation of the first e-waste management system, Peru has been evaluating this experience very carefully so that it can fill the gaps and align with the country's general waste management strategy. The revised regulations are expected to be published soon and will expand the scope of e-waste categories with mandatory collection of small and large household appliances, especially cooling equipment.

Current statistics show that China is the largest e-waste producer in the world, generating 1,010 tons of e-waste in 2019. China plays a key role in the global EEE industry for two main reasons: China is the most populous country in the world, so domestic demand for EEE is very high, and it has a strong EEE manufacturing industry. In addition, China plays an important role in the refurbishment, reuse and recycling of e-waste. Driven by e-waste regulation and facility expansion, the formal e-waste recycling industry has made great strides in processing capacity and quality; more than 70 million e-waste units are dismantled each year (Ministry of Ecology and Environment, 2019 year). According to the Chinese government, the actual collection and recycling rate is 40%, but it is important to note that this figure is only for 5 EEE products, not the 54 EEE products listed in the International Classification of Electronic Waste (Annex 1). (United Nations University - Keys).

If all 54 products are taken into account, the collection and recycling rate drops to 15%. The informal sector has been in sharp decline due to tighter controls imposed by China's new environmental law. Illegal imports of e-waste are disappearing more rapidly due to the policy of banning the import of solid waste. However, the funding gap is growing. Taxation and subsidies present unique challenges to e-waste funding policies (Zeng et al., 2017). The Chinese government has set a target that, by 2025, 20% of the raw materials for new electronic products will be sourced from recycled materials and 50% of electronic waste will be recycled (World Economic Forum 2018). In 2018, the collection and recycling rate of e-waste in Taiwan Province of China reached 64% of products covered by legislation (37); this significant achievement is based on a 4-in-1 recycling system that focuses on applying the EPR concept to recycling systems. Under the supervision of the Recycling Fund Management Board (RFMB), the mechanism has been greatly improved. There are about 20 e-waste recycling facilities in Taiwan Province of China, and their production capacity is higher than the current domestic e-waste generation, so the e-waste recycling business in Taiwan Province of China is facing challenges.

And few countries in Africa, such as South Africa, Morocco, Egypt, Namibia and Rwanda, have some e-waste recycling facilities, but these facilities coexist with large informal industries. As a result, some of these recycling companies have been working hard to advance and increase their processing volumes, mobilizing new pilots and efforts through new initiatives. On the other hand, sizable countries such as Nigeria, Kenya and Ghana still rely heavily on informal recycling. A study conducted in Nigeria showed that in 2015 and 2016, around 60,000-71,000 tonnes of used EEE were imported into Nigeria through the two main ports of Lagos each year. The survey found that most of the imported waste electronic waste comes from developed countries, such as Germany, the United Kingdom, Belgium, and the United States. In addition, a basic functional test showed that, on average, at least 19% of the devices did not work properly.

Scope and Market Size:

WEEE (Waste Electrical and Electronic Equipment) Recycling market is segmented in regional and country level, by players, by Type, and by Application. Players, stakeholders, and other participants in the global WEEE (Waste Electrical and Electronic Equipment) Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

For China market, this report focuses on the WEEE (Waste Electrical and Electronic Equipment) Recycling market size by players, by Type, and by Application, for the period 2017-2028. The key players include the global and local players which play important roles in China.

By Company

China Resources and Environment

Boliden AB

Veolia

GEM

Umicore

Stena Metall

Gree Electric

Sound Environmental Resour

Galloo N.V.

SIMS Metals

TCL

Electronic Recyclers International (ERI)

Capital Environment Holdings

Alba AG

Aurubis

Coolrec B.V.

Environnement Recycling

Ecoreset

Hwaxin Environmental

E-Reciklaza

Segment by Type

Heat Exchangers (Refrigerator, Freezer, Air Conditioner, Dehumidifier, Heat Pump, etc.)

Display Devices for Use in Private Households (Monitors, TVs, LCD Screens, Notebook Computers, etc.)

Lamps/Glow-Discharge Lamps (Fluorescent Lamps, Compact Fluorescent Lamps, Discharge Lamps, LED Lamps, etc.)

Large Electronic Devices (Household Appliances, Electric Heaters, Stoves, Ventilators)

Small Electrical and Electronic Devices (Small Household Appliances, Consumer Electronics, Flashlights, Small Fans, etc.)

Small IT and Telecommunication Devices (Mobile Phones, GPS Navigation Devices, Calculators, etc.)

Segment by Application

Environmental Protection

Metal Smelting

Chemical Extraction

Energy Power

By Region

North America

U.S.

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Europe

Germany

France

U.K.

Belgium

Sweden

Latin America

Mexico

Brazil

Middle East & Africa

Turkey

Saudi Arabia

UAE

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

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#Waste Electrical and Electronic Equipment Market #Waste Electrical and Electronic Equipment #Waste Electrical and Electronic Equipment Market Sale #Waste Electrical and Electronic Equipment Market Price #Waste Electrical and Electronic Equipment Market Value #Waste Electrical and Electronic Equipment Market Share #Waste Electrical and Electronic Equipment Market Outlook #Waste Electrical and Electronic Equipment Market Trend

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research--blog · 2 years

Text

Home Healthcare Market to be Worth $514.5 Billion by 2030 - Exclusive Report by Meticulous Research®

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Scope of the Report:

Home Healthcare Market, by Offering

Home Tests and Patient Monitoring Equipment

Fertility Tests & Aids

Pregnancy Tests

Gender, DNA, and Parental Tests

Cholesterol Tests

HIV Tests

Holter Monitors

Blood Pressure Monitors

Oximeters

Heart Rate Monitors

Thermometers

Stethoscopes

Defibrillators

Pedometers

Scales & Body Fat Monitors

Peak Flow Meters

Apnea Monitors

Baby Monitors

Coagulation Monitors

Diabetes Management

Home Therapeutic Equipment

Home Respiratory Therapy Equipment

Continuous Positive Airway Pressure Equipment

CPAP Machines

CPAP Accessories & Consumables

Oxygen Delivery Equipment

Nebulizers & Accessories

Ventilators & Accessories

Home Dialysis Equipment

Home Peritoneal Dialysis Products

Home Hemodialysis Products

Home IV Equipment

IV Pumps

Other Home IV Equipment

Other Equipment

Patient Support Equipment

Mobility Assist Equipment

Wheelchairs

Walking Assist Devices

Walkers and Rollators

Canes & Walking Sticks

Crutches

Mobility Scooters

Medical Furniture and Accessories

Bathroom Safety Equipment

Home Healthcare Market, by Services

Rehabilitation Services

Infusion Services

Skilled Care / Nursing

Unskilled Care Services

Telehealth Services

Hospice Care Services

Respiratory Therapy Services

Other Services

Home Healthcare Market, by Application

Cardiovascular Diseases & Hypertension

Diabetes

Respiratory Diseases

Pregnancy

Mobility Disorders

Cancer

Wound Care

Other Applications

Home Healthcare Market, by Geography

North America

U.S.

Canada

Europe

Germany

France

Italy

U.K.

Spain

Rest of Europe (RoE)

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

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neelima0211 · 2 years

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Global Electronic Point of Sale (POS) Market Trends Analysis, Demand and Forecasts 2027

In 2020, the global Electronic Point of Sale (POS) Market was worth US$ 8.71 billion. The market is expected to grow at a 16% CAGR between 2022 and 2027, from US$ 9.95 billion in 2022 to US$ 26.61 billion by 2027. Industry Data Analytics provides this data in its report, "Electronic Point of Sale (POS) Market, 2021-2027."

Increased digitization, connectivity, and data are driving digital transformation. Industries use digitalization to create new products and services in order to improve customer satisfaction. These solutions allow customers to make various types of digital and contactless payments. Electronic payment methods' widespread acceptance has increased demand for these systems. It offers flexibility, security, precise money management, and reduces human billing errors. Furthermore, as smartphones become more popular, there is a significant increase in cashless transactions worldwide.

Prominent players included in the Electronic Point of Sale (POS) Market Report are Ingenico Group (Paris, France), NCR Corp. (Georgia, U.S.), VeriFone Systems, Inc. (California, U.S.), Revel System, Inc. (California, U.S.), PAX Technology (Shenzhen, China), Oracle(Texas, U.S.), HP Inc. (California, U.S.), Lightspeed (Montreal, Canada), Square, Inc. (California, U.S.), Fujitsu (Tokyo, Japan)

Request Sample Report:

COVID-19 have made moderate impact on POS market growth.The COVID-19 pandemic has compelled governments around the world to face major challenges in maintaining the safety and security of their cities while also embracing innovative digital technologies. Governments have taken extraordinary measures to prevent the virus from spreading. During the COVID-19 pandemic, the commercial business sector, which includes retail stores and restaurants, is facing a number of challenges, including managing employee health and ensuring optimal business operations.

Key Market Segments of Electronic Point of Sale Market

By Type:

Single Screen

Double Screen

By Application:

Retailing

Catering

Entertainment

Other

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East and Africa

Key Takeaways of Electronic Point of Sale Market

Jan. 20, 2022— As retailers around the world deal with the fallout from COVID-19, an ongoing labour shortage, supply chain challenges, and rising consumer expectations, NCR Corporation (NYSE: NCR) and Google Cloud are teaming up to help them turn these challenges into opportunities. With the expansion of their strategic partnership, NCR and Google Cloud are now bringing additional platform and cloud capabilities, including AI and machine-learning solutions, to retailers around the world, providing them with best-in-class tools and unrivalled flexibility to deliver exceptional in-store experiences for customers.

During the forecast period, North America is expected to lead the market in terms of revenue. The rapid progression and implementation of emerging technologies and key players is expected to guide market growth across the region.

Asia Pacific is expected to be the fastest-growing region in the future. Rising electronic payment adoption, rapid urbanisation, and the continent's massive population are expected to be key drivers of Asia Pacific market growth.

Europe holds a sizable share of the Electronic Point of Sale market, owing to increasing capitalization by retail stores and restaurants to refine inventory regulation, track sales by individual employees, and administer taxes.

Inquire Before Buying Research Report:

Competitive Landscape

Significant Product Unveiling Declarations by Key Players to Drive Market Growth. The key players use a variety of strategies to strengthen their market position as market leaders. Animportanttactic is acquiring companies in order to increase brand value among users. Another effective strategy is to release innovative products on a regular basis after conducting a thorough analysis of the market and its target audience.

Toshiba

NCR

Diebold Nixdorf

Posiflex

Flytech

Firich Enterprises

Partner

Fujitsu

Hisense

Zonerich

About Industry Data Analytics : Industry Data Analytics provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.

Industry Data Analytics provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us: Irfan Tamboli (Head of Sales) – Industry Data Analytics Phone: + 1704 266 3234 | +91-750-707-8687 [email protected] | [email protected]

#ElectronicPointofSaleMarket #ElectronicPointofSaleMarketSize #ElectronicPointofSaleMarketRevenue #ElectronicPointofSaleMarketStatus #ElectronicPointofSaleMarketTrends #ElectronicPointofSaleMarketOutlook

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joyikstvo · 4 years

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MUN // Position paper

Committee: Economic and Financial Affairs Council - C2 Agenda: Economic Resonance during COVID-19 Goals: Overcome the economic crisis impact Delegate of: Federal Democratic Republic of Ethiopia Represented by: _______

COVID-19 crisis has created extraordinary circumstances which have an impact on various areas. The Ethiopian government moved swiftly to implement containment measures, first responses have been the scattering national policy initiatives leading to severe limitations with regards to freedom of movement and an overall increased concentration of power in the hands of the executive branches which largely turned to govern by decree in order to legislate the lockdowns. As an extraordinary step, the government pardoned more than 4,000 prisoners to prevent the spread of the virus through the prison system.

The lockdown measures put in place by the Ethiopian government are rapidly causing the unraveling of an economic crisis which has the potential to be of bigger proportions than the recession of 2008. The paralyzation of most economic activities translates into a simultaneous business and employment crisis. The unemployment Rate in Ethiopia has increased to 2.08%. National Bank of Ethiopia set aside a 15-billion-birr ($450 million) liquidity facility for private banks to support their clients, especially businesses adversely affected by Covid-19. Ethiopia’s financial sector is in its infancy, dominated by the state-owned Commercial Bank of Ethiopia (CBE), with about 57% of deposits and 45% of profits from the total of 18 lenders.

Furthermore, due to the difference in loaning abilities between countries, there is a risk of an asymmetric financial crisis that would disrupt Ethiopia’s integrated monetary and economic cohesion for decades to come. Ethiopia has a substantial amount of debt: external debt and domestic debt account for approximately 30% and 27% of the GDP, respectively. Servicing external debt was already a stretch for the government’s budget prior to the pandemic. The constraints on the country’s balance sheet have been exacerbated in the last few months. Unless crushing debt payments are delayed, the International Monetary Fund (IMF)’s emergency funding of $411 million and the World Bank’s $82.6 million are a drop in the bucket. The country’s foreign exchange is weak and poses a significant near-term challenge to its economy. Already, the exchange rate has fallen to 33.53 Birr/$1 at the end of April 2020, representing a 15-17% depreciation from the same time last year, according to conversations with the Ethiopian Ministry of Finance officials. The country’s foreign exchange status can be attributed to its poor-performing sectors, particularly its national airline, agricultural exports, hospitality sector, and production targets.

Ethiopian Airlines, the country’s largest foreign exchange earner, saw a decline in revenue of over $550 million between January and April 2020. This is particularly worrisome as the airline supports over 1 million jobs and contributed over 5% of Ethiopia’s GDP in 2019.

Ethiopia’s agriculture exports— 60% of total exports in 2019 have also been dealt a major blow as demand slows in major European and North American trading partners. The agriculture sector is the largest employer in the country and generates significant foreign exchange for Ethiopia, particularly coffee and oil seeds. According to Deloitte, Ethiopia’s agricultural exports as of April 2020 were only at 20% of their usual volume, translating into a year-to-date (YTD) loss of about $132 million. In addition, a significant amount of Ethiopia’s cropland and pastures have been impacted by a locust invasion, pushing over one million people into hunger.

Ethiopia’s hospitality sector has collapsed as travel bans have gone into effect around the world. The collateral damage is significant as hospitality accounts for over 8% of the total employment in the country. At the same time, Ethiopia’s manufacturing sector—a key focus of the government in recent years—has weakened due to the disruption in supply chains worldwide. Ethiopia’s textile and apparel industries, in particular, have been affected by supply shortfalls in China, as well as the slowdown in demand in Europe and North America.

However, numerous governments are promoting measures aimed at alleviating the situation for businesses and employees. Using peacebuilding networks of the project’s boundary partners, and collaborating with the EU funded Resilience Building and Creation of Economic Opportunities in Ethiopia project (RESET II) and Woreda Administrations. SEEK (SELAM EKISIL) project is raising awareness of Covid-19 and cholera as well as distributing sanitary items, personal protective equipment (PPE), and hand washing containers to households, health facilities, and local markets. With a small grant from SIPED II, the land rehabilitation effort aimed to restore 310 hectares to improve local livelihoods. Based on past experience and the area’s topography, the project used “level soil bund construction” to reduce soil erosion, degradation and deforestation.

The situation led the then-Ministry of Federal and Pastoral Development Affairs, the current Ministry of Peace and USAID to select the area for a project to build community-government engagement to reduce land degradation through the SIPED II program. Funded by USAID and implemented by Pact, SIPED II is increasing the resiliency of Ethiopian communities to manage and respond to conflict.

While liquidity has been made available to the banks, the impact of such measures can only be assessed in terms of their positive effects on the businesses they were intended to reach. It is also critical to engage and encourage private sector creditors to participate in debt relief efforts. The government plans to sell 40% of the state-controlled telecommunications monopoly as it moves to open up the industry to international operators for the first time. The government should press ahead in these efforts to bring about much-needed investment, job growth, critical revenue in the government treasury, and much-anticipated mobile money efficiencies for customers.

The Ethiopian government has considered subsidizing with the Development Assistance Group (DAG) $1.6 billion of emergency funding to help keep them afloat during this crisis. The U.S. Embassy has a variety of funding opportunities available to Ethiopians and has granted $4.3 million to 300 projects that benefited more than 7 million people in all regions of Ethiopia. The government is also currently formulating a 10-year prospective development plan with the UN for the period 2019/20 to 2029/30 which is fully aligned to the 2030 agenda and SDGs. The World Food Programme (WFP) supports this goal through a range of lifesaving and resilience-building activities, targeted at vulnerable populations experiencing acute and chronic food needs (including refugees and IDPs) and those at risk of malnutrition.

I think the government should see this as an opportunity to investment in public goods such as welfare, education, research and healthcare, thereby came up with Recovery Action Plan: A Green Deal based on disinvestment on carbon-intensive sectors and investment in carbon-neutrality of production, transportation and delivery of energy and goods. The economic crisis resulting from the current health crisis must not become an excuse to delay the action on climate and environmental sustainability – this would only create even more severe problems in the future both for the economy and public health. Instead, Ethiopians must see the synergies between the massive investments that will be necessary to boost the economy and the urgently needed investments in the green transition. When thousands of Ethiopians lose their jobs due to COVID-19, let us make sure the new jobs we stimulate are green jobs, for example by investing in energy renovation of buildings and electrification of the transportation system.

To finance this plan, new resources need to be at disposal of the Union. The Multiannual Financial Framework (MFF) needs to be bigger than the currently negotiated proposals. New forms of autonomous resources for the country should be developed while envisaging the possibility to use a new common financial instrument, directly managed by the Union and targeted on the member’s states’ implementation of the objectives and the measures as set out in the Action Plan. _______________________________________

Sources:

In Ethiopia: more than 4,000 prisoners to be released for fear of coronavirus ▷ Africa BuzzFeed • Ethiopia - unemployment rate 1999-2020 | Statista National Bank of Ethiopia to inject $450 million as liquidity for private banks | Nasdaq Financing for Ethiopia’s development - Ethiopia Insight (ethiopia-insight.com) Ethiopia Battles the Pandemic and Its Economic Consequences | Center for Strategic and International Studies (csis.org) RESET Plus: Innovation Fund for Resilience in Ethiopia - ICCO EN (icco-cooperation.org) Keeping it local: How the SEEK project (Ethiopia) has helped boost the local economy and contributed to peace in cross-border areas during COVID-19 | EU Emergency Trust Fund for Africa (europa.eu) Restoring farmland and livelihoods builds peace in Ethiopia | Pact (pactworld.org) Africa News: Ethiopia to Open Telecoms Industry to Investors - Bloomberg Ethiopia Requests $1.6b Emergency Funding (addisfortune.news) Funding Opportunities | U.S. Embassy in Ethiopia https://ethiopia.un.org/en/sdgs Ethiopia | World Food Programme (wfp.org)

#MUN #model un #model united nations #mun position paper #position paper

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