Wednesday, 14 April 2021

Robotic Process Automation in BFSI Market Size, Growth, Outlook and Forecast 2020-2026

 The global Robotic Process Automation in BFSI market size is expected to reach USD 3,457.8 million by 2026 according to a new study by Polaris Market Research. The report “Robotic Process Automation in BFSI Market Share, Size, Trends, Industry Analysis Report By Type (Software and Services); By Services (Consulting, Implementation, Training); By Organization Size (SME, Large Enterprises); By Application (Banking, Financial Services & Insurance); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Inherent benefits offered by robotic process automation (RPA) such as process transparency, enhanced customer service, on-boarding optimization of processes, highest degree of data integrity, shorter lifecycles, and ability to effectively comply with regulations of various enforcement agencies combined with the data driven nature of the overall banking and financial sector are some of the factors proving beneficial for the overall RPA in BFSI market growth. In addition, ability of RPA to help clients to capitalize and gain from growth opportunities thus providing a competitive edge is another factor responsible for the overall market growth.

 

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Banking sector is characterized by the presence of a large number of players thus resulting in a high industrial rivalry. Due to such competitive environment, companies are trying to implement cost effective solutions that may help them to stay ahead of the competition. RPA is one such preferred solution. It automates the otherwise tedious manual operations thus saving precious man hours, results in client satisfaction thus ultimately catering to client loyalty, and provides better quality control through its operating procedures. Such factors have resulted in the overall Robotic Process Automation in BFSI growth in the past and this scenario is expected to continue till 2026.

  

Robotic Process Automation is used in a variety of applications such as entry of a new account across various platforms and networks, duplicating of accounts and account reconciliation, extraction of forms, VAT reporting, cleansing and updating of account, credit card processing, loan processing among others. These processes are directly related to customer experience and hence, companies are automating these processes through RPA to provide better and enhanced customer experience in order to gain more market share. Such trends are benefitting the Robotic Process Automation in BFSI market growth.

 

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North American region is expected to maintain its dominance over the market for the next eight years. High demand particularly from the U.S. market is a key contributor to this scenario. Presence of highly sophisticated and advanced banking and financial infrastructure in the country, strong presence of industry participants, coupled with high demand for enhanced customer experience are some of the factors driving the market growth in the region. Countries such as China, Japan and South Korea are primarily driving the growth in Asia Pacific region, which is anticipated to witness high growth rate till 2026.

 

Some of the major industry participants include WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc. and Automation Anywhere Inc., among others. Companies are trying to provide one stop solutions to all the needs of their clients and are constantly developing new solutions to cater to the customized needs of the clients.

 

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Continuous Glucose Monitoring Device Market Opportunity Analysis and Industry Forecast 2026

 The global Continuous Glucose Monitoring Device Market size was valued at USD 3,512.8 million in 2019 and size is expected to reach USD 12.18 billion by 2026 according to a new study by Polaris Market Research.


Continuous Glucose Monitoring Device have witnessed tremendous growth in the recent past and this trend is expected to continue from 2020 to 2026. Health agencies as well as governments have issued health advisories which explicitly mention that people suffering from diabetes are at high risk of corona virus infection. Experts have also specifically mentioned that continuous monitoring of blood glucose levels to avoid worsening of conditions. CGM is expected to benefit from such trends.

 

In order to cope with the rising demand for COVID-19 tests, companies such as Abbot have customized their production lines and manufacturing schedules to produce corona virus test kits. However, such companies have stressed on the fact that the production of other products such as CGM will not be hampered. It is expected that there will be exponential rise in demand for CGM products in the next few years. As of now, healthcare has become of prime importance and there is rising importance of preventive healthcare. Ease of usage of CGM products, easy availability coupled with COVID-19 scare is expected to fuel the market growth.

 

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Although, point of care diagnostic procedures such as CGM proves to be very effective in delivering healthcare to all, they are an expensive affair for healthcare facilities dealing with high test volumes. This is expected to impede market’s growth in the cost sensitive undeveloped economies of the market. However, the introduction of cheap and cost-effective devices for point of care diagnoses is expected to gradually reduce the impact of this restraint over the forecast period.

 

The regulatory framework is one of the most restraining factors pertaining to pharmaceutical, biotechnology and medical technology industry. Absence of clear regulatory framework/guidelines for the diagnostic sector in developing countries such as India and China where the CGM market has great growth potential due to the presence of a large patient base is anticipated to impede growth in the coming years. The presence of such discrete and uncertain scenario about the regulations for CGM devices creates confusion among CGM manufacturers regarding commercialization.

 

North America emerged as the largest market in 2019 and the regional market is expected to dominate the market up to the end of the forecast period i.e. 2026. Strong presence of market participants, high awareness regarding device usage and high inclination towards preventive healthcare are some of the factors benefitting the regional market growth.

 

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Companies such as Senseonics Holdings, Inc., Insulet Corporation, Bayer AG, Ypsomed Holding AG, LifeScan, Novo Nordisk, Medtronic PLC, Dexcom Inc., Abbott Diagnostics Inc., and Roche Diagnostics are some of the key players operating in the Continuous Glucose Monitoring Device Market.

 

Polaris Market research has segmented the Continuous Glucose Monitoring Device Market report on the basis of component type, end-use and region


Continuous Glucose Monitoring Device component type Outlook (Revenue, USD Million, 2015 – 2026)

  • Transmitters & Receivers
  • Sensors
  • Insulin Pumps

Continuous Glucose Monitoring Device end-use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospitals
  • Homecare Diagnostics
  • Others

 

Read More : https://www.medgadget.com/2020/06/continuous-glucose-monitoring-device-market-size-worth-12-18-billion-by-2026-cagr-15-8-exclusive-study-by-polaris-market-research.html


https://www.prnewswire.com/news-releases/continuous-glucose-monitoring-device-market-size-is-predicted-to-reach-12-18-billion-by-2026--cagr-15-8-polaris-market-research-301179665.html

 

Semiconductor IP Market Growth Survey 2020 to 2026 and Industry Analysis Report

 The global Semiconductor Intellectual Property (IP) Market is anticipated to reach $9.3 billion by 2026 according to a new research published by Polaris Market Research. In 2018, the consumer electronics segment accounted for the highest Semiconductor Intellectual Property market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Semiconductor Intellectual Property market revenue in 2018

 

The increase in demand for consumer electronics such as MP3 players, digital cameras, cell phones, coupled with increasing use of connected devices majorly drives the Semiconductor Intellectual Property market growth. Rising demand for modern System on Chip (SoC) design, and growing need to reduce manufacturing and design cost boost the Semiconductor Intellectual Property market growth. Advancement in multicore technology for consumer electronics further supports the growth of the Semiconductor Intellectual Property market. New emerging markets, and emergence of technologies such as embedded and programmable DSP IPs would provide growth opportunities in the Semiconductor Intellectual Property market in the coming years

 

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Asia-Pacific generated the highest Semiconductor Intellectual Property market share in terms of revenue in 2018, and is expected to lead the global Semiconductor Intellectual Property market throughout the forecast period. The growing urbanization, increasing population, and rising living standards have accelerated the Semiconductor Intellectual Property market growth in the region. A significant rise in the demand for consumer electronics from countries such as China, India, and Japan, and increasing adoption of connected technologies support the growth of the Semiconductor Intellectual Property market in the region. The growing automotive industry, and increasing penetration of electric vehicles support the Semiconductor Intellectual Property market growth in the region. Modernization of vehicles and development of autonomous vehicles augments the Semiconductor Intellectual Property market growth in the region.

  

Soft Semiconductor Intellectual Property is usually offered in high-level language such as RTL C++ Verilog or VHDL, and is generally portable. However, it is not optimized for a specific process technology. Thus, the power, performance and area are not known until it is committed to a specific process technology and library. Hard Semiconductor Intellectual Property is usually offered in GDSII format along with an accompanying set of EDA views or models, while being optimized for a specific foundry process. Some examples of hard SIP include processors, standard cells, memories, phase locked loops, and analog blocks.

 

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The well-known companies profiled in the Semiconductor Intellectual Property market report include Synopsys Inc., Eureka Technology Inc., Fujitsu Ltd., Lattice Semiconductor Corporation, Faraday Technology Corporation, ARM Ltd, Cadence Design Systems Inc., Ceva Inc., Intel Corporation, and Imagination Technologies Limited. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Monday, 12 April 2021

Sports Nutrition Market Share, Value And Competitive Landscape 2021-2027

 The global sports nutrition market size is expected to reach USD 33.03 billion by 2028 according to a new study by Polaris Market Research. The report “Sports Nutrition Market Share, Size, Trends, Industry Analysis Report, By Product (Sports Drink, Sports Supplements, Sports Foods); By Distribution Channel (E-commerce, Brick and Mortar), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The rising awareness of the importance of diet and nutrition among athletes is driving the market growth. Athletes and fitness-savvy people strongly focus to fulfill their nutritional requirements along with their routine physical activities. Target segments such as fitness enthusiasts, coaches, athletes, and trainers emphasize nutritional requirements to influence training and recovery to enhance their performance. U.S.-based Gatorade Sports Science Institute, in association with researchers and other collaborators, studies the impact of nutrition on training athletes and spread awareness regarding sports nutrition.

 

Moreover, the health and supplementing industry is continuously evolving itself through innovation and new product launches according to the taste and preferences of different strata of consumers in varied age groups. In line with this, companies are leveraging plant-based vegan nutritional products in the market. For instance, in 2019, Israel based nutrition start-up InnovoPro Ltd introduced vegan chick-pea protein powder. Previously, in November 2017, Apres introduced vegan plant-based protein beverages to support their full body nutritional replenishment.

 

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Market participants such as Glanbia Plc., SternLife, Optimum Nutrition, Hormel Foods Corporation, CytoSport, Inc., Clif Bar & Company, Stokely Van Comp, Inc., Max Nutrition, and MusclePharm. are some of the key players operating in the global market. Players in the marketplace are introducing new products and services to stay competitive in the intense market environment.

 

For instance, in December 2020, MYOS Corporation, a U.S.-based advanced nutrition company entered into an exclusive agreement with Science Biotech to distribute its Fortetropin product in Australian and New Zealand markets. The product is a nutritional product developed to accelerate muscle mass gains, recovery from injury, and improves mobility. According to the company’s claim, Australia is the high-performing market for fitness products, as it is recognized as a sports-loving nation.

 

In July 2020, the Chelsea football club introduced its new sports nutrition service “Blue Fuel” to design personalized meal plans, to be controlled via a mobile app. It is a subscription-based service, which incorporates varied sports tested product range which includes protein powders, hydration sachets, gummies, and protein bars. It also addresses fitness aims for the players to improve their performance.

 

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Polaris Market Research has segmented the sports nutrition market report on the basis of product, distribution channel, and region:

Sports Nutrition, Product Outlook (Revenue – USD Million, 2016 – 2028)

  • Sports Drink
  • Sports Supplements
  • Sports Foods

Sports Nutrition, Distribution Channel Outlook (Revenue – USD Million, 2016 – 2028)

  • E-commerce
  • Brick-and-Mortar

Sports Nutrition, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

Read More : https://www.prnewswire.com/news-releases/sports-nutrition-market-size-is-projected-to-reach-33-03-billion-by-2028--cagr-9-3-polaris-market-research-301233281.html

 

Healthcare Analytics Market Forecast, As COVID-19 Continues To Expand Quickly Across The Globe

 The global healthcare analytics market size is expected to reach USD 48.50 billion by 2028 according to a new study by Polaris Market Research. The report “Healthcare Analytics Market Share, Size, Trends, Industry Analysis Report, By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Clinical, Financial, Operational & Administrative), By End-Use; By Delivery Mode; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In the past few years, there has been a radical shift in data collection, storage, maintenance, management, encryption, and visualization. A newly designed ecosystem not only has the potential of disease prevention but also enhances the accuracy of diagnosis, providing safe and effective treatments. It also encourages a personalized patient-centric approach instead of ‘one size fits all’. Healthcare analytics is the broader concept used differently by varied stakeholders. For healthcare practitioners it helps in monitoring health, personalizing treatment, remote consulting, and predictive analytics for informed decision making.

 

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The government can use such unified data to identify patterns and trends at the national and regional level in population-based studies. It enables the government to frame health policies, disease outbreak management, and demographic-specific disease programs. Labs and hospitals can structure data to map patient’s health journey for better healthcare outcomes. Pharma companies have different departments such as research and development and sales can use advanced analytics techniques, AI, and machine learning for drug discoveries, brand effectiveness, and market assessments.

  

Market participants such IBM Corp., MedeAnalytics, Inc., Oracle Corp., OptumHealth, Inc., Verisk Analytics, Inc., MEDai, Inc., McKesson Corp., Truven Health Analytics, Allscripts Healthcare, Cerner Corporation, and SAS Institute, Inc. are some of the key players operating in the global market.

 

Many big players in the market are diving into the healthcare analytics industry to answer unmet medical needs. For instance, in January 2020, Microsoft launched the “AI for Health” program to improve the health of people around the globe. This would be a USD 40 million five-year programs to empower researchers and was developed in collaboration with the help of leading health experts.

 

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This is the 5th AI program for researchers, non-profit organizations with innovative technologies to unlock solutions to the biggest challenges that societies are currently facing. Such an AI initiative is expected to focus on drug discoveries, global health insights, and reducing health equities for the under-served population.

 

Moreover, recently in December 2020, the U.S.-based insurer, Highmark Health, and Google cloud announced the 6-year strategic partnership to use Google’s cloud and analytics platform to power the company’s digital health initiatives. The company has an integrated delivery network of 13 hospitals, and around 2,500 physician and ambulatory care centers.

 

 

Virtual Clinical Trial Market Innovative Technology, Growing Prominence Analysis & Forecast To 2027

 The report “Virtual Clinical Trials Market Share, Size, Trends, Industry Analysis Report, By Design (Observational Trials, Interventional Trials, Expanded Access Trials), By Indication (CNS, Autoimmune/Inflammation,  Cardiovascular Disease, Metabolic/Endocrinology, Infectious Disease, Oncology, Genitourinary, Ophthalmology), By Phases (Phase I, Phase II, Phase III, Phase IV), By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global virtual clinical trials market size is expected to reach USD 13.78 billion by 2027 according to a new study by Polaris Market Research


Virtual Clinical Trials (VCT) are a new method of directing clinical trials which is inclusive of web platforms (informed consent, recruitment, adverse reactions, counseling and measurement of endpoints) and taking advantage of technology such as monitoring devices, apps and others. VCT also allows participant to be home-based at all clinical trial stage. VCT are operationally feasible and have lower drop-out rates, higher recruitment rates, better compliance and are faster than traditional method.


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The prominent factors favoring the global market growth include scarcity of time in traditional clinical trials, rising R&D for the development of new drugs and vaccines, adoption of telemedicine and increasing demand for patient diversity. Additionally, COVID-19 pandemic has led to upsurge virtual clinical trials given the trials need to be conducted digitally. Thereby, companies all around the globe are aiming on developing virtual trial technologies to meet the growing demand for solutions to fight Covid-19. For instance, in June 2020, TRHC (Tabula Rasa HealthCare), developer of healthcare software solutions, announced its partnership with Regence BlueShield, a health plan provider, for conducting virtual trials for different drug candidates, and to examine the ADEs (adverse drug events) in each. 

 

Market participants such as LEO Innovation Lab, Covance Inc., CRF Health, Oracle Corporation, Oracle Corporation, Medable, Inc., Parexel International, Clinical Ink, Inc., PRA Health Sciences, Science 37 and ICON plc. are some of the key players operating in the global market.

 

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Players in the market are strategizing on developing new virtual clinical trial technology to cope up with the augmenting healthcare industry and thereby, establish their market place. For instance, in May 2020, AiCure LLC, an advanced data analytics and artificial intelligence company, partnered with Science 37, a clinical research company, to leverage a decentralized research model for enabling home based clinical trial for assessing an experimental drug for major depression disorder (MDD).

 

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Mindfulness Meditation Apps Market Forecast, as COVID-19 Continues to Expand Quickly Across the Globe

 The global mindfulness mediation apps market size is expected to reach USD 4,206.1 million by 2027 according to a new study by Polaris Market Research. The report “Mindfulness Meditation Apps Market Share, Size, Trends, Industry Analysis Report, By Operating System (Android, iOS, Others); By Service Type (Paid-in App purchases, Free); By Age Group (6–12 Years Old, 13–18 Years Old, and 19 Above); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Mindfulness Meditation Applications are Android and iOS apps developed to help end users to build awareness through meditation. In other words, the term mindfulness meditation helps to understand our behaviors and emotions, enjoy a moment of calm, bring more joy, clarity and peace of mind into life and helps to overcome the mental illness through free and paid available apps on devices.

 

On the backdrop of transforming consumer’s preference with integration of sensor technologies, increased adoption of smart phones and growing reliance on digital platform are factors contributing to the optimistic outlook of the global market. Consumers from China, U.S., Japan, South Korea and European nations is anticipated to show more willingness towards spending on mindfulness meditation apps. Over the years, the global market has witnessed several collaboration and partnerships between the app developers and public & private institutions, airlines, communities and others which has create several growth opportunities for app developers.

 

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Recent technological advancements by key companies, such as advanced sensor and touch input technologies are helping the end users to monitor the brain activities and to meditate properly. These new technologies are gaining momentum in the global market not only because of the physical wellness of the end users but for also providing mental wellness to the end users.

 

Stress and depression level among end users worldwide is playing a key factor while adopting mindfulness meditation applications. Approximately 1 out of 6 people are currently facing at least one mental disorder across the globe. In the UK, US, and China, almost more than 65%, 30%, 40% of people are reported with mental disorder respectively. As a result of this, meditation applications are becoming a source of life for overstressed end users. Key companies in the mindfulness meditation application industry, including Headspace, Calm, and others have witnessed a more than 65 Mn downloads with over 50,000 downloads each day of these apps across more than 180 countries.

 

Market participants such as Calm, Headspace, Breethe, Insight Timer, Waking Up, Meditopia, BetterMe, Simple Habit, Aura Health, and Moov are some of the key players operating in the global mindfulness meditation apps market. Two industry giants, Calm and Headspace holds the leading share in the global market and is likely to attract more investors and consumers in near future owing to its brand positioning across the globe.

 

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In June 2020, Snap Inc., the U.S. based tech start up announced the launch of in-App meditation experience in association with the Headspace, well known provider of guided meditation to improve happiness, health, and mindful-ness across the globe. The company’s feature will provide mindful and meditation exercises to the stressed individuals from daily routine.

Burn Care Centers Market Innovative Technology, Growing Prominence Analysis & Forecast to 2027

 The global burn care centers market size is expected to reach USD 33.03 billion by 2028 according to a new study by Polaris Market Research. The report “Burn Care Centers Market Share, Size, Trends, Industry Analysis Report, By Facility Type (In-house, Standalone), By Treatment Type; By Severity (Minor Burns, Partial Thickness Burns, Full Thickness Burns); By Service Type (Inpatient, Outpatient, Rehabilitation); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In 2020, the in-patient type market segment accounted for the largest share of the burn care center industry and is expected to witness the fastest market growth rate over the forecast period, owing to the rise in mass casualties in fire and the continuously rising mortality rate across the globe. Though in-patient stay is not rising at a significant pace in a few of the countries, its high cost of treatment has largely contributed to its high market revenue share in the burn care centers industry. As per the study done by the World Health Organization, in 2018, countries such as China, UK, Bulgaria, Canada, South Korea, U.S., Sweden, Singapore, Hong Kong, and Mexico have witnessed the rise in the incidence of fire-related events.

 

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Market participants such as The MetroHealth System, Chelsea & Westminster Hospital, Pediatric Burn Care Center, University of Rochester Medical Center, Burn and Reconstructive Centers of America, National Burn Center (India), North Bristol NHS Trust, and University of Washington Regional Burn Center are some of the key players operating in the market for burn care centers.

 

Companies in the marketplace are launching innovative therapies to address unmet medical needs in severe burn care management. For instance, in May 2019, Israel-based MediWound Ltd signed an exclusive supply agreement with Vericel Corporation to commercialize its product NexoBrid in the U.S.

 

Product is topically administered biologic to remove scars in people with deep and thick injuries. The product was already approved in the EU and other markets. According to the company’s claims, NexoBrid is considered an excellent strategic fit to capture a larger share in the U.S market for burn care centers.

 

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Polaris Market research has segmented the burn care centers market report on the basis of facility type, treatment type, severity, service type, and region:

 

Burn Care Centers, Facility Type Outlook (Revenue – USD Million, 2016 – 2028)

  • In-house
  • Standalone

Burn Care Centers, Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)

  • Wound Debridement
  • Skin Graft
  • Traction, Splints, Wound Care
  • Respiratory Intubation and Ventilation
  • OTC Pain Medications and Bandages
  • Blood Transfusion
  • Prophylactic Vaccinations and Inoculations
  • Rehabilitation

Burn Care Centers, Severity Outlook (Revenue – USD Million, 2016 – 2028)

  • Minor Burns
  • Partial Thickness Burns
  • Full Thickness Burns

Burn Care Centers, Service Type Outlook (Revenue – USD Million, 2016 – 2028)

  • Inpatient
  • Outpatient
  • Rehabilitation

Burn Care Centers, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Read More : https://www.prnewswire.com/news-releases/burn-care-centers-market-size-is-projected-to-reach-33-03-billion-by-2028-polaris-market-research-301242260.html

Electric Bed Market Share, Value and Competitive Landscape 2021-2027

 The global electric bed market size is expected to reach USD 4.12 billion by 2028 according to a new study by Polaris Market Research. The report “Global Electric Bed Market Share, Size, Trends, Industry Analysis Report, By Product (Semi-automatic, Fully Automatic), By Application (General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed), By End-Use (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Others); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The electric bed allows the patient to adjust both upper and lower body positions with a self-adjustable height feature. They help in a variety of medical complaints and rapidly increase patient’s comfort. It offers several health benefits such as chronic pain, people with poor mobility, swelling, arthritis, acid reflux, and people with frequent cases of heartburn.

 

The market is driven by rising hospital admissions, owing to the recent surge in COVID-19 cases and sports injuries across the globe and technological advancements in the hospitals. According to the market statistics published by the U.S. Center for Disease and Control (CDC), around 30 million people take part in sports-related activities in the U.S. alone. Of this, individuals aged 15 to 20 accounted for around 2 million injuries and more than 30,000 hospital admissions per year.

 

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Technological advancements by the key companies operating in the market, over the few years, have been able to expand their portfolio of smart offerings. For instance, in November 2019, China-based smart products manufacturer, Xiaomi, expanded its smart product offering named 8HMilan, which is controlled with voice commands.

 

Xiaomi smart electric product is fully equipped with high-performance motors, which could be lifted independently, any of the angle could be adjusted, seamless gear limit, 0 to 60 degree back adjustment, 0 to 30-degree leg adjustment, and one can unlock more nodes. The operator can control the operation of the product with voice commands, and buttons.

 

Market participants such as Arjo, Medline Industries, Inc., Hill-Rom Services Inc., Paramount, Gendron Inc., Stryker, Malvestio Spa, Invacare Corporation, LINET, and Midmark India Pvt. Ltd. are some of the key players operating in the concerned market. Market players in the industry are focusing on commercializing their products by emphasizing innovative features.

 

For instance, in October 2020, the U.S.-based medical equipment manufacturer introduced a new line of electric cots in the market under the brand name “ProCuity”. A portfolio of offerings under this brand is completely wireless products equipped with full-proof patient monitoring features. It helps in reducing patient falls, allows nurses to efficiently monitor cot-ridden patients, and patients can effectively rotate the cots in different positions.

 

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Polaris Market research has segmented the electric bed market report on the basis of product, application, end-use, and region:.

 

Electric Bed, Product Outlook (Revenue – USD Million, 2016 – 2028)

  • Semi-automatic
  • Fully-automatic

Electric Bed, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • General Bed
  • Intensive Care Bed
  • Bariatric Bed
  • Birthing Bed
  • Others

Electric Bed, End Use Outlook (Revenue – USD Million, 2016 – 2028)

  • Hospitals & Clinics
  • Reproductive Care Centers
  • Dentistry
  • Others