Covid19 Pandemic Alert: Ventilator Market is Booming Worldwide by 2022

The prevalence of diseases all across the globe is rising rapidly, and the latest example is COVID-19, which is now a pandemic and is affecting millions worldwide. The outbreak of coronavirus started in Wuhan, China, and the infection has now spread to almost every part of the world. The prime concerning factor regarding this disease is that as of now, no vaccine has been developed for curing it. The virus affects people of all ages; however, it has severe and fatal consequences for aged people and those having underlying health conditions. While the number of people who are getting cured is high, the number of fatalities is also increasing day-by-day.

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Attributed to this, the demand for ventilators, at the present time is extremely high all over the world. A ventilator, sometimes referred to as breathing machine or life support, helps a person breathe, if they are unable to do so on their own. A tube is inserted into their windpipe, either through the mouth or through a hole in their throat, which is connected to a machine that pumps air into the lungs. The ventilator market is predicted to advance at a rapid pace in the next few months, as COVID-19 is primarily a respiratory infection.

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The two types of ventilators are intensive care and portable, between which, the demand for intensive care ventilators was higher in the past. Apart from this, the demand for portable ventilators is also projected to rise in the coming years, which is primarily attributed to the growing adoption of home healthcare solutions among people. These days, the need for low-maintenance and compact ventilators is rising as well, as these devices can be operated manually and in settings where electricity is not available.

In the coming years, North America is projected to emerge as the largest ventilator market, because of the increase in the prevalence of respiratory diseases and growing healthcare expenditure in the region. The governments in the region are investing heavily for the improvement of medical facilities, as the number of patients, currently those infected by coronavirus, is rising. In addition to this, the growing geriatric population, rising prevalence of tobacco smoking, and increasing burden of chronic diseases in the region are also predicted to result in the rising need for ventilators.

In conclusion, the demand for ventilators is being driven by the COVID-19 epidemic and rising preference for home healthcare solutions.

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Why is Usage of Wi-Fi Analytics Predicted to Increase Sharply in Asia-Pacific (APAC) in Near Future?

Wi-Fi analytics refers to the data captured through the different WiFi access points that is then used for analyzing, informing, and improving the physical layouts, business operations, and marketing strategies. There are mainly two types of data captured through the access points— marketing analytics and presence analytics. A major factor propelling the demand for WiFi analytics solutions is the increasing number of smartphone users across the globe.

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“As per the studies of the GSM Association, the total number of mobile users accounted for almost 67% of the global population at the end of 2019”. Furthermore, the rapid technological advancements and improvements in the WiFi standards will lead to the development of dense platforms having multiple concurrently connecting systems and IoT (internet of things) connections such as hospitals, airports, and various public transportation areas, which will, in turn, propel the demand for real time data analysis.

As a result, the global Wi-Fi analytics market will grow, in valuation, from $5,210.0 million to $52,975.5 million from 2019 to 2030. P&S Intelligence, a market research company, predicts a CAGR of 24.2% in the market from 2020 to 2030. The studies further say that “the total number of mobile phone users in the world would increase from 5.2 billion to 5.8 billion from the end of 2019 to 2025”.

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Out of all these mobile phone users, “nearly 65% were smartphone users in 2019”. This share will rise to almost 80% by 2025. The increasing utilization of smartphones and various other internet-enabled systems is boosting the demand for WiFi hotspots all over the world. As a result, there will be a fourfold rise in the number of public WIFi hotspots over the next few years.

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What are Key Opportunities in Automated Guided Vehicles Market?

One of the major factors responsible for the increasing sales of automated guided vehicles is the flourishing e-commerce industry, especially in the developing nations such as India, Brazil, and China. For instance, the automated guided vehicles are extensively used in the Amazon Inc. warehouses (more than 200,000 globally) for delivering large stacks of products to the workers. These automated vehicles follow a fixed path around the warehouse and are equipped with various sensors and devices which allow them to detect the obstacles in their path and avoid collisions with them.

The other major factors fuelling the rising adoption of automated guided vehicles in warehouses are the increasing safety concerns in manufacturing plants, rising labor shortages, and ballooning need for reducing the operational costs and increasing productivity in the manufacturing facilities throughout the world. In addition to this, many enterprises are increasingly preferring the utilization of automated systems and machines in their factories and warehouses for increasing their manufacturing capacities, which is in turn, boosting the sales of the automated guided vehicles across the world.

Geographically, the Asia-Pacific (APAC) region is predicted to observe the fastest growth in the utilization of automated guided vehicles during the forecast period. This is mainly credited to the thriving consumer electronics, automotive, and e-commerce industries in the region. In addition to this, the logistics industry is predicted to exhibit huge expansion in the APAC region in the coming years, which will in turn, propel the demand for automated guided vehicles in the region in the upcoming years.

Therefore, it can be said without any hesitation that the sales of automated guided vehicles will shoot-up throughout the world in the forthcoming years, owing to the rising integration of automated technologies and systems in warehouse and manufacturing facilities, increasing need for reducing operational costs in production plants, ballooning labor shortages, and mushrooming demand for higher efficiency in manufacturing operations.

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Some of the major players operating in the global automated guided vehicles market are Amerden Inc., SSI Schaefer Systems International DWC LLC, KUKA Group, Dematic Corporation, Toyota Industries Corporation, and Seegrid Corporation. These companies are increasingly focusing on product research and collaborations with other companies to enhance their product portfolio and increase their market share.

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What Effect Insurance Purchase Has on Worldwide Healthcare Industry?

Along with food and housing, good health is one of the most critical aspects of a happy life. With the rapid surge in population, the prevalence of various diseases has also increased, which, in turn, has raised the demand for healthcare services around the globe. As a result, the healthcare industry is one of the most prosperous ones, especially in present times, when the COVID-19 pandemic is raging on. Currently, the industry in Germany, the U.S., France, the U.K., Japan, China, and Singapore is growing the fastest, as these are some of the worst-affected nations by the coronavirus infection and also because the healthcare spending here is among the highest anywhere.

In 2019, the medical sector of the U.S. was projected to reach $5,605.5 billion by 2024, but the future size might actually be a lot larger. Even in the coming years, the medical domain in this country is expected to grow the fastest, primarily due to the high prevalence of chronic diseases. One in every six persons in the U.S. has at least one chronic disease, as per the Centers for Disease Control and Prevention (CDC). In the coming years, the prevalence of cancer, in particular, is expected to surge sharply here, which would lead to a high footfall at hospitals and diagnostic centers.

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For a better understanding of the worldwide healthcare ecosystem, it can be segregated in several ways. For instance, if disease is considered, the entire industry could be broken down into cancer, cardiovascular and circulatory diseases, neuropsychiatric disorders, chronic respiratory diseases (CRD), diabetes, blood, and endocrine disorders, chronic liver diseases, and musculoskeletal disorders. Due to their death toll being the highest, around 17.9 million annually, as per the World Health Organization, the treatment of cardiovascular and circulatory diseases contributes the most to the healthcare sector around the world, including Germany.

Similarly, the healthcare industry could also be seen in terms of the imaging equipment used, since they are essential to diagnosing diseases and tracking the effect of treatment. Ultrasound devices, X-ray machines, computed tomography (CT) scanners, magnetic resonance imaging (MRI) systems, endoscopes, and mammography equipment are widely used at hospitals and diagnostic centers around the world. In Singapore’s case, specifically, X-ray machines are the most widely procured medical imaging equipment; by 2024, the country’s healthcare settings are cumulatively expected to have 7,000 X-ray machines.

Thus, as the burden of diseases increases around the world, the need for healthcare will become even dire.

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Automotive Camera Sensor Market Will See Strong Expansion Through 2030

Ever since vehicles have been developed, the concern regarding safety on roads has only increased. Manufacturers have made numerous efforts to integrate new technologies in vehicles so, that in case of an emergency, the damage can be minimized. At the most basic level, when one thinks about the safety features in cars, seatbelts and airbags come to mind. However, the technological advancements have moved far ahead, because of which technologies such as advanced driver assistance systems (ADAS) have been developed. ADAS is a vehicle-based intelligent system which can enhance road safety in terms of crash severity mitigation, protection and post-crash phases, and crash avoidance.

A major component of ADAS are automotive camera sensors, which can be utilized for object detection, recognize texture, build a 3D map of the area surrounding the car, and detect signs. These sensors are basically utilized for assisting the driver in parking, manoeuvring, and assessing the vehicle performance. Due to these advantages of camera sensors, the automotive camera sensor market generated a revenue of $1,869.4 million in 2019 and is predicted to reach a value of $5,847.4 million by 2030, progressing at a 11.0% CAGR during the forecast period (2020–2030). Charged-coupled device (CCD) and complementary metal oxide semiconductor (CMOS) are the two types of automotive camera sensors.

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Because of the fact that CMOS have low power consumption rate and low cost, their demand is projected to rise considerably in the coming years. In addition to this, owing to technological advancements in the CMOS image sensing technology, these sensors have a higher camera performance. Automotive camera sensors have various applications, which is why their demand is increasing rapidly. Occupancy detection, driver monitoring system, road vulnerability detection, park assists, surround view, traffic sign recognition, and lane departure warning are the major applications of automotive camera sensors.

The demand for automated and connected vehicles has been the highest in Europe, which is why, the requirement for automotive camera sensors was also the largest in the region in the past. In addition to this, the regulatory framework in Europe is strict when it comes to vehicles safety, and mandatory policies have been implemented by the European Union under the General Safety Regulation amended as on 2018, about the installation of specific safety features in the vehicles. This has further been responsible for the high demand for camera sensors in the region.

In conclusion, the need for automotive camera sensors is being driven by the growing installation of ADAS and increasing demand for autonomous cars.

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What are Key Factors Driving Progress of U.S. Medical Peer/External Physician Review Services Market?

The increasing incidence of medical malpractices and negligence in the U.S. over the last few years has led to the creation of strict guidelines for medical review process in the country. Moreover, there has been a huge rise in the number of healthcare centres and physicians in the country having limited expertise in conducting reviews, in the past years. Due to these factors, the requirement of medical peer/external physician review services has increased massively in the U.S. and this demand is also expected to shoot-up in the coming years.

Due to the above-mentioned factors, the U.S. medical peer/external physician review services market is predicted to exhibit substantial growth during the forecast period (2020—2030). Medical peer review and external physician review services are mainly provided by the medical universities and academic institutes, certified physicians, medical professional societies, peer review organizations (PROs), and law and consulting firms/organizations. Out of these service providers, the law and consulting organizations are expected to provide the maximum number of external physician/medical peer review services in the U.S. during the forecast period.

One of the major trends currently being observed in the U.S. medical peer/external physician review services market is the surging number of acquisitions amongst the various medical peer review service providing companies all around the world. These acquisitions are mainly being done by the companies in order to expand their product and service portfolio across the world and subsequently increase their revenue. For instance, Concentra Inc. completed the acquisition of the Riverview and Arrowood Medical Centers in Rock Hill, South Carolina, and Charlotte, North Carolina in January 2020, in order to expand its clientele.

Therefore, it can be concluded that the popularity of medical peer/external physician review services will skyrocket throughout the U.S. in the upcoming years, mainly because of the rising prevalence of medical malpractices in the country.

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Impact of COVID-19 on Adaptive Cruise Control (ACC) Market Growth, Segments, Size, Industry Analysis and Opportunities 2023

From $4.8 billion in 2016, the global adaptive cruise control market is expected to attain the value of $15.3 billion by 2023, advancing at an 18.3% CAGR during the forecast period (2017–2023). The factors positively impacting the market growth are the rising number of vehicle safety initiatives and regulations due to the increasing number of road accidents.

The adaptive cruise control (ACC) is meant to regulate the vehicle speed in order to maintain a safe distance from other vehicles on the road. It works by sensing the speed of vehicles and alerting the braking system to reduce the vehicle speed. 

Based on application, the ACC market is bifurcated into passenger and light commercial vehicles. Of these, during the historical period (2013–2016), passenger vehicles dominated the market, and these are predicted to maintain their dominance during 2017–2023. 

This is attributed to the surging awareness among consumers about safety, increasing premium car sector, and formulation of strict norms by regulatory bodies, such as the New Car Assessment Program. Furthermore, the increasing demand for luxury cars in Asia-Pacific (APAC), specifically India and China, is predicted to contribute to the growth of the market. 

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Geographically, in 2016, North America and Europe collectively contributed more than 65.0% revenue to the adaptive cruise control market, and these are predicted to dominate the market during the forecast period as well. This is attributed to the increasing production of vehicles, technological developments, and strict safety regulations.

The United States New Car Assessment Program (US NCAP) is encouraging people to install such systems in vehicles. Furthermore, the rapid integration of safety features in vehicles is leading to an improved rating system, which, in turn, would result in the adaptive cruise control market growth.

Additionally, the growing popularity of driver assistance systems in vehicles is expected to offer huge opportunities for the players operating in the ACC market. Companies such as BMW, Audi, Cadillac, and Volkswagen are heavily installing these systems in their various products. 

Besides, governments’ rising initiatives to lower the number of road accidents are predicted to surge the sales of driver assistance systems, which, in turn, would result in the growth of the market. 

Thus, the increasing awareness about safety while driving, increasing adoption of advanced driver assistance systems, and stringent vehicle safety regulations and initiatives are the key factors helping the market grow.

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