Smart Wheelchair Market is projected to be at a CAGR of 7.8% from 2022-2032

[322 Pages Report] The smart wheelchair market is subject to changes owing to the factors influencing the market such as the increasing prevalence of neurological disorders, rising awareness and demand for automated medical devices, increasing burden of the geriatric population globally, and the growing levels of disposable income of the target population.

According to the latest study conducted by Future Market Insights, the smart wheelchair market will be projected to be valued at US$ 162.6 Mn by the end of 2022 and is expected to exhibit a CAGR growth of 7.8% over the forecast period (2022-2032)

Although the independent movement is crucial, some wheelchair users find it difficult or impossible to operate conventional manual or motorised wheelchairs. Multiple overlapping physical, cognitive, or perceptual symptoms of diseases such as cerebral palsy, amyotrophic lateral sclerosis, cerebrovascular accident, multiple sclerosis, and spinal cord injury can make it difficult to use a wheelchair safely and independently. Varied forms of assistance from a smart wheelchair and different wheelchair form elements can benefit people with various symptom combinations.

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The COVID-19 pandemic had unprecedented effects on the world’s economy, along with sending the healthcare sector into a hyper drive. COVID-19 pandemic negatively influenced the smart wheelchair market during the peak of the pandemic in 2020, due to the shortage of supply of raw materials and other supply chain crises. However, the partial normalization of the world in 2021 opened up a foray of growth opportunities for the key players in this industry.

There are services in hospital settings where external consultations, tests, analyses, and procedures are conducted involving patient displacement. This is particularly important for those with balance and mobility issues caused by disability, pain, fractures, or abnormalities in the lower limbs. Patients are currently transported to hospitals by patient transporters. It could often be done in a wheelchair, which would be more beneficial, owing to its autonomy. As a result, delays and failures owing to a shortage of staff to carry out the transfer would be avoided.

Technological advancements are also shaping the growth of the smart wheelchairs industry for over a decade.

  • For instance, In November 2021, Sunrise Medical LLC. announced the launch of its new ZIPPIE® Sphynx™ an on the go, compact, easily transportable wheelchair that can fit within a compact car’s trunk according to the clients’ needs. The market is consolidated with a few key players dominating the industry.

Rising sedentary lifestyle, increasing popularity of ultra-lightweight smart wheelchairs, and increased focus on R&D for smart wheelchairs are some of the key trends of this market. The overall improved technology adoption globally will fuel the demand for smart wheelchairs and the market is likely to expand exponentially over the forecast period. (2022-2032)

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Key Players :

  • Medical Depot, Inc.
  • Permobil AB
  • Pride Mobility Products Ltd.
  • MEYRA GmbH
  • DEKA Research & Development Corp.
  • tmsuk company limited
  • Ottobock
  • WHILL Inc.
  • Invacare Corporation
  • Karman Healthcare, Inc.

Key Takeaways from this study:

  • The joystick based smart wheelchairs hold the highest market share of about 0% during the year 2021, expanding at a CAGR of 7.6% during the forecast period.
  • Mobility impairment by usage accounts for the largest market value share of more than 40% and is set to expand at a CAGR of 2%.
  • The healthcare settings as the end users hold a market share of 0% in 2021 with an expected CAGR growth of 6.8% during the forecasted years.
  • North America is a leading region for the global smart wheelchairs market during the year 2021, accounting for a market share of 0%.

“Growing patient awareness regarding smart wheelchairs would fuel the growth of this market globally” says an analyst of Future Market Insights.

Market Competition:

Acquisitions and expansion of existing facilities are some of the strategies adopted by leading manufacturers of the smart wheelchair industry such as Sunrise Medical and Permobil, to further their business and establish a stronger market presence.

  • In August 2020, Sunrise Medical announced the completion of a strategic acquisition of paediatric industry leaders, Leckey and Firefly, in order to extend its paediatric product and service portfolio.
  • In March 2022, Permobil, a leading player in the wheelchairs industry, announced an investment to expand their R&D and operations facility in Tennessee in order to expand their business.

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What does the report cover?

Future Market Insights offers a unique perspective and actionable insights on the smart wheelchairs market in its latest study, presenting a demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research is based on product-(joystick based smart wheelchairs and Bluetooth connected smart wheelchairs), usage-(mobility impairment, ocular disability, geriatric group, multiple disability and others), and end-user (healthcare settings, home care settings and public access), and across seven key regions of the world.

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

Key Market Segments Covered in the Smart Wheelchair Industry Research

By Product:

  • Joystick based Smart Wheelchairs
  • Bluetooth Connected Smart Wheelchairs

By Patient:

  • Mobility Impairment
  • Ocular Disability
  • Geriatric Group
  • Multiple-Disability
  • Others

By End-User:

  • Healthcare Settings
  • Home Care Settings
  • Public Access

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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Central Lab Market to surpassing US$ 4.0 Billion by the end of 2032 | FMI

The Global Central Lab market study provides critical information related to the global, regional and top players including Central Lab market share analysis, winning strategies, recent developments, and financial planning. Besides providing information regarding the key players in the Central Lab market, the study also recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Central Lab market.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Central Lab market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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Key Segments Profiled in the Central Lab Industry Survey

By Service Type:

  • Genetic Services
  • Biomarker Services
  • Microbiology Services
  • Anatomic Pathology/Histology
  • Specimen Management & Storage
  • Special Chemistry Services
  • Others

By End User:

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic and Research Institutes

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Competitive Analysis

By Prominent Market Players

  • Covance(Labcorp)
  • Eurofins Global Central Library
  • PPD Central Lab
  • ICON Central Labs
  • Medpace Reference Laboratory
  • Q² Solutions

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Central Lab market

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Reasons to Buy the report

  • We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Central Lab market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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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AI in Media & Entertainment Market is Expected to Progress at a CAGR of 26% from 2022 – 2032 | FMI

The global AI in media & entertainment market is estimated at USD 10.4 Billion in 2021 and is projected to procure USD 13.6 Billion by 2022. The market is anticipated to garner USD 132.16 Billion by 2032 while recording a CAGR of 26% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing viewership of online content and increasing penetration of the internet across various developing countries.

Moreover, growing applications in the sales and marketing industry is another salient factor augmenting the industry. Along with this, the utility of AI in Media & Entertainment for personification and sports automatic productions is likely to offer significant opportunities for expansion in the industry in the forecast period.

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On the contrary, owing to the vast array of benefits and increasing trends, this industry brings along a few shortcomings as well which restrains the market growth. These aspects include the risk of customer privacy and a dearth of skilled professionals in the AI industry.  Moreover, the cost of maintenance and complicity of the process acts as the prominent growth restraining factors.

Key Takeaways from the Market Study

  • By solution, AI in media & entertainment services to capture 59.2% revenue in 2022
  • By application, sales & marketing segment to accumulate a revenue share of 21.7%
  • The North American market is expected to secure US$ 65 Billion while expanding at a CAGR of 24.2%
  • Asia Pacific to record a CAGR of 26.8% during the forecast period ranging from 2022-2032
  • Global AI in media & entertainment market worth to expand 10x from 2022 to 2032

Competitive Landscape 

Key players in the global AI in Media & Entertainment market include Amazon Web Services, Inc., EMG, Gearhouse South Africa Pty. Ltd., Gravity Media, GrayMeta, International Business Machines Corp., LMG, LLC, Matchroom Sport Ltd., Production Resource Group, L.L.C., Synthesia Ltd., TAIT, Valossa Labs Ltd., Veritone, Inc., Pixellot, PlaySight Interactive Ltd., AISportsWatch GmbH, Spiideo, Sport way AB, EVS Broadcast Equipment S.A., Hudl, Move.ai, AutomaticTV, among others. Some of the recent developments among the players are:

  • In May 2022, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced the general availability of Amazon Elastic Compute Cloud (Amazon EC2) C7g instances, the next generation of compute-optimized instances powered by AWS-designed Graviton3 processors.
  • In May 2022, Taboola, a global leader in powering recommendations for the open web, helping people discover things they may like, today announced it has entered into a definitive agreement to acquire Gravity R&D, a leading personalization technology company founded in data science.

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global AI in the Media & Entertainment market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered in the AI in Media & Entertainment Industry Survey

AI in Media & Entertainment Market by Solution:

  • AI in Media & Entertainment Hardware/Equipment
  • AI in Media & Entertainment AI in Media & Entertainment Services

AI in Media & Entertainment Market by Application:

  • AI in Media & Entertainment in Fake Story Detection
  • AI in Media & Entertainment in Plagiarism Detection
  • AI in Media & Entertainment in Personalization
  • AI in Media & Entertainment in Production Planning & Management
  • AI in Media & Entertainment in Sales & Marketing
  • AI in Media & Entertainment in Talent Identification
  • AI in Media & Entertainment in Content Capture
  • AI in Media & Entertainment in Sports Automatic Productions

AI in Media & Entertainment Market by Region:

  • North America AI in Media & Entertainment Market
  • Latin America AI in Media & Entertainment Market
  • Europe AI in Media & Entertainment Market
  • Asia Pacific AI in Media & Entertainment Market
  • Middle East & Africa AI in Media & Entertainment Market

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https://www.spoke.com/topics/cybersecurity-insurance-market-by-system-type-by-end-user-by-region-industry-analysis-and-forecast-2022-2032-633aba79007316bab9001fa9

https://www.hometalk.com/posts/cybersecurity-insurance-market-research-report-2022-2032-44520751

https://lockabee.com/read-blog/32048

About Us

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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Authentication Solution Market is Increase at a Noteworthy CAGR of 14.4% from 2022 to 2032 | FMI

According to Future Market Insights (FMI), the demand in the authentication solution market will increase at a noteworthy CAGR of around 14.4% from 2022 – 2032. Demand in the market is projected to reach a valuation of US$ 14.7 Bn by 2022 and US$ 56.3 Bn in 2032.

As per Future Market Insights, the increase in need for protecting access management and prevent organizations networks from sophisticated cyber-attacks will drive the growth of the authentication solution market in the forecast period.

An authentication solution is a security measure that improves data and system security. It protects against data loss and security breaches. This solution identifies and allows the user to enter or access the system with the help of user ID and password.

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This also depends on the type of authentication solution implemented in the system like single factor authentication solution or multi-factor authentication solution. It offers layers of security for preventing data and network from cyber-attackers.

Key Takeaways: Authentication Solution Market

  • By authentication type, the single factor authentication solution market is growing dominantly with a CAGR of around 12.9% between 2022 & 2032.
  • By enterprise size, demand for authentication solution from small & mid-sized enterprises (SMEs) is estimated to be growing at a higher rate than large enterprises.
  • By industry, BFSI industry is will hold the highest market share by 2032. However, the healthcare industry is projected to showcase a significant growth of around 18.1% between 2022 & 2032.
  • By region, North America authentication solution market in 2021 was holding the highest market share of around 32.2%
  • South Asia & Pacific region is estimated to grow at a CAGR of around 18.1% in the forecast period.

Increasing number of sophisticated cyber-attacks across industries and data breaches will create conducive environment for authentication solutions market players. This service downtime and data breach severely affects the customer base and network security of these enterprises. To avoid downtime and data breach and to prevent the enterprise network from cyber-attacks, companies are implementing the authentication solution says FMI analyst.

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Global Authentication Solution Market Outlook by Category

By Authentication Type:

  • Single Factor Authentication
  • Multi Factor Authentication

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-Sized Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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https://inobee.com/read-blog/108086

https://amanroad.com/blogs/48925/Cybersecurity-Insurance-Market-2022-Key-Players-SWOT-Analysis-Key-Indicators

https://penposh.com/blogs/18234/Cybersecurity-Insurance-Market-2022-Key-Players-End-User-Demand-and

About Us

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.

Contact Us:
Future Market Insights,
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Difficult-to-Express Proteins Market share is anticipated to reach US$ 12.37 Billion in 2032

[250 Pages Report] The Global Difficult-to-Express Proteins market study provides critical information related to the global, regional and top players including Difficult-to-Express Proteins market share analysis, winning strategies, recent developments, and financial planning. Besides providing information regarding the key players in the Difficult-to-Express Proteins market, the study also recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Difficult-to-Express Proteins market.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

Attributes Details
Difficult-To-Express Proteins Market CAGR 11.33%
Difficult-To-Express Proteins Market Size (2021) US$ 3.8 Bn
Difficult-To-Express Proteins Market Size (2032) US$ 12.37 Bn

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Difficult-to-Express Proteins market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-10062 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Report Scope

Report Attribute Details
Growth rate CAGR of 11.33% from 2022 to 2032
Base year for estimation 2021
Historical data 2015 – 2020
Forecast period 2022 – 2032
Quantitative units Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered Protein, technology type, end user, application, region
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled R&D Systems, Enzo Life Sciences, Sino Biological, Thermo Fisher Scientific, StressMarq Biosciences, LifeSensors Inc., Lucigen among others
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Reasons to Buy the report

  • We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-10062

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Difficult-to-Express Proteins market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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.

Contact Us:
Future Market Insights,
Unit No: 1602-006, Jumeirah Bay 2, Plot No: JLT-PH2-X2A,
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United Arab Emirates
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Car Security System Market Brief Forecast and Analysis by Top Key Players to 2031

As per the latest survey conducted by FMI, the global car security system market size is poised to reach US$ 11.1 Bn in 2021. Growing concerns regarding vehicle safety among users and automotive manufacturers are facilitating the growth in the market.

A swift rise in incidence of car thefts across the world is the primary factor driving the market. In response to this, the car security system market is projected to surpass US$ 33.8 Bn by 2031.

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According to preliminary reports by the National Insurance Crime Bureau, nearly 873,080 automotive thefts were reported across the U.S. in 2020, which is 9.2% more compared to 2019. This rise in number of thefts is increasing demand for vehicle theft prevention systems such as car alarms and immobilizers.

Growing automation in the automotive industry and introduction of remote operating features in next-generation vehicles are increasing the installation of security systems such as keyless access and central locking systems.

Also, the implementation of regulations mandating the installation of basic car security system in vehicles is boosting the market. Surging adoption of car security systems, especially across North America and Europe, will drive the sales at 11.8% CAGR over the forecast period (2021-2031).

In terms of product type, the passenger cars segment is projected to outpace light commercial vehicle segment. The segment is expected to account for more than 4/5th of sales through 2031. Surging demand for luxury cars and sport utility vehicles (SUVs) across the U.S., China, and India is driving the growth in the segment.

“Increasing adoption of advanced automotive electronics and integration of novel technologies such as telematics, artificial intelligence, and electronic control units (ECUs) by original equipment manufacturers (OEMs) are expected to accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Car Security System Market Study

  • The U.S. is projected to dominate the North America market, accounting for nearly 3/4th of the overall sales in the region between 2021 and 2031.
  • Italy is forecast to emerge as one of the highly remunerative markets in Europe, creating an absolute dollar opportunity of around US$ 901.8 Mn by 2031-end.
  • India is estimated to account for the largest share in South Asia & Pacific, projecting sales at a CAGR of 13% over the assessment period.
  • China is expected to account for nearly 18.1% of the global revenue share, favored by the increasing demand for passenger cars in the country.
  • Based on the sales channel, the aftermarket segment is anticipated to account for over 70% of the total share in the market from 2021 to 2031.

Key Drivers

  • Integration of smart electronic features and advanced sensors across older passenger vehicles is driving the sales of car security systems in the automotive aftermarket segment.
  • Surging demand for small size commercial vehicles with advanced security features from small and medium-sized enterprises, especially, across the emerging economies such as India, China, Brazil, and others is driving the sales of car security systems.

Key Restraints

  • High cost of installation and maintenance of car security systems and the need to replace the systems after every 4 to 5 years are factors expected to limit the sales.
  • Inadequate adoption of security systems in the entry-level vehicle segment to maintain the affordability of the cars across the targeted population is hampering the market growth.

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Competitive Landscape

Key companies in the global market are aiming at entering into partnership, mergers, acquisitions, and strategic collaborations to expand their production facilities. Some of the players are emphasizing on research and development (R&D) to launch high quality and advanced car security systems to gain a competitive edge. For instance:

  • In June 2021, Hella, a Germany-based automotive part supplier, announced introducing a digital car key system named, “Smart Car Access.” The key is in-built with ultra-wideband technology which provides complete hands-free and smartphone-based vehicle access to the user.

 

  • In February 2020, the Mitsubishi Electric Corporation, Japanese multinational electronic manufacturing company, announced launching a sensor-security technology which is capable of detecting malicious attacks through its sensor fusion algorithm. The product launch will assist the company to strengthen its portfolio across vehicle security.

Key players in the car security system market profiled by FMI are:

  • Continental AG
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Aptiv plc
  • Denso Corporation
  • Tokai Rika Co., Ltd.,
  • ALPHA Corporation
  • Stoneridge Inc.
  • Mitsubishi Electric Corporation,
  • Huf Hülsbeck & Fürst GmbH & Co. KG,
  • Valeo S.A.,
  • Marquardt GmbH,
  • I Car Srl,
  • Directed Inc.,
  • ALPS ALPINE CO. LTD
  • Atech Automotive (Wuhu) Co., Ltd.

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More Valuable Insights on Car Security System Market

The latest study by FMI offers an unbiased analysis of the global car security system market, providing detailed insights into factor favoring the growth in the market through 2031. The study also disclosed growth projections in car security system market with detailed segmentation:

By Product Type:

  • Central Locking System
  • Car Alarm
  • Immobilizer
  • Remote Keyless Entry
  • Others

By Vehicle Type:

  • Passenger Car
    • Compact
    • Mid-Size
    • Luxury
    • SUV
  • Light Commercial Vehicle

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Key Questions Covered in the Report

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  • Car security system market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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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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Oxygen Therapy Equipment Market to reach US$ 6.4 Billion in 2032

[322 Pages Report] According to a recent study done by Future Market Insights, the oxygen therapy equipment market is expected to reach US$ 6.4 Billion by 2032, up from US$ Oxygen Therapy Equipment Market billion in 2022, expanding at a high CAGR of 7.4%. This study explains that the Chronic respiratory diseases affect more than 1 billion people, globally, as per the Global Asthma report, 2018. COPD, with tobacco smoking as its root cause, has affected a significant part of the world population, as per the World Health Organization. These factors are expected to accelerate the growth of the Oxygen Therapy Equipment Market during the forecast period.

The advent of the technologically advanced oxygen source and delivery devices, which offers efficient patient care, is expected to boost the industry. These advancements include flow regulating devices, sensors, and conjunction of delivery devices with pulse dose meters. The adoption of O2 therapy is increasing owing to the potential benefits such as controlled flow, efficient dosing, faster response rates, and greater durability & reliability. The aforementioned factors are anticipated to propel industry expansion.

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In addition, rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in a wide range of applications such as emergency medicine is also expected to fuel the demand in the forthcoming years. This surge is attributable to global competitors entering the market, demand for the portable technology by consumers, and the clinical urgency for greater mobility support for the geriatric population. The business is anticipated to increase owing to continuous innovation and resulting in more efficient units and reduced prices.

Increasing incidences of chronic respiratory diseases coupled with rising demand for home healthcare are the major drivers of the market. This can be ascribed to increasing geriatric population suffering from various kinds of chronic diseases in which oxygen therapy or oxygen support is required. Additionally, increasing levels of air pollution, smoking habits of population especially youth, among others have significantly contributed to an increase in the prevalence of respiratory diseases, thereby increasing the demand for oxygen therapy equipment.

As per the National Institutes of Health (NIH), nearly 12 million adults have been diagnosed with Chronic Obstructive Pulmonary Disease (COPD) in the U.S. and 120,000 people die each year. According to the data published by the Global Asthma Network (GAN), asthma affects nearly 334 million people worldwide.

North America dominates the oxygen therapy equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing awareness about the benefits associated with oxygen therapy in hospitals and increasing number of end-users in this region.

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Key Takeaways from the Market Study

  • Global Oxygen Therapy Equipment Market was valued at US$ 3.1 Million by 2022-end
  • The US to account for the highest value share of US$ 2.4 Billion of global market demand for Oxygen Therapy Equipment Market in 2032
  • From 2015 to 2021, Oxygen Therapy Equipment demand expanded at a CAGR of 7%
  • By Product, the Oxygen Source Equipment category constitutes the bulk of Oxygen Therapy Equipment Market with a CAGR of 2%.
  • By Portability, the Stationary Devices segment dominates the Oxygen Therapy Equipment Market with a CAGR of 8%.

“The rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in a wide range of applications such as emergency medicine is also expected to fuel the demand over the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global Oxygen Therapy Equipment Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In July 2021, Belluscura (BELL) had signed a third distribution deal and first agreement with a durable medical equipment provider, for its X-PLO2R™ portable oxygen concentrator portfolio. The durable medical equipment (“DME”) has multiple stores in several states and an online store. Meanwhile, the third distributor has issued its first purchase order with anticipated delivery of the X-PLO2R™ portable oxygen concentrator expected in less than ninety days.
  • In June 2020, Armstrong Medical introduced the second generation FD140i, an improved dual therapy flow driver with an easier transition from CPAP to HFOT.
  • In August 2019, OxyGo LLC announced the launch of their new six flow setting, Bluetooth enabled POC. At only 4.7 pounds, and with 6 flow settings, the OxyGo NEXT offers the highest oxygen output per pound of weight of any portable oxygen concentrators currently on the market. Created to meet the needs of oxygen therapy patients and home medical equipment providers – for use at home, away, and for travel. OxyGo NEXT will allow healthcare providers to improve patient outcomes through a new wireless connectivity platform using Bluetooth technology.
  • In October 2018, Resmed launched CPAP mask-Airlift f30i for Hospitals and Respiratory Care Physicians in the US.

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Know More about What the Oxygen Therapy Equipment Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Oxygen Therapy Equipment Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Oxygen Therapy Equipment Market, the market is segmented on the basis of product, portability, and application across five major regions.

Key Players :

  • Philips Healthcare
  • Linde Healthcare
  • Chart Industries, Inc.
  • Invacare Corporation
  • Becton, Dickinson and Company
  • Smiths Medical
  • Drägerwerk AG & Co. KGaA
  • Teleflex Incorporated
  • Fisher & Paykel Healthcare Corporation Limited
  • Taiyo Nippon Sanso Corporation, Inogen, Inc.
  • Heinen + Löwenstein GmbH & Co. KG
  • DeVilbiss Healthcare
  • Essex Industries, Inc.
  • HERSILL, S.L.
  • Weinmann Emergency Medical Technology GmbH + Co. KG
  • Messer Medical Austria GmbH
  • TECNO-GAZ S.p.A, HUM – Gesellschaft für Homecare und Medizintechnik mbH
  • medicap homecare GmbH
  • GCE Holding AB

Key Segments Covered in the Oxygen Therapy Equipment Market Report

Oxygen Therapy Equipment Market by Product:

  • Oxygen Source Equipment
  • Oxygen Therapy Equipment for Cardiovascular & Thoracic Surgeries
    • Oxygen Concentrators
    • Liquid Oxygen
    • Oxygen Cylinders
  • Oxygen Delivery Devices
    • Oxygen Masks
    • Nasal Cannulas
    • Venturi Masks
    • Non-Rebreather Masks
    • Bag-Valve Masks
    • Other Oxygen Delivery Devices

Oxygen Therapy Equipment Market by Portability:

  • Stationary Oxygen Therapy Equipment Devices
  • Portable Oxygen Therapy Equipment Devices

Oxygen Therapy Equipment Market by Application:

  • Oxygen Therapy Equipment for COPD
  • Oxygen Therapy Equipment for Asthma
  • Oxygen Therapy Equipment for Cystic Fibrosis
  • Oxygen Therapy Equipment for Respiratory Distress Syndrome
  • Oxygen Therapy Equipment for Pneumonia
  • Oxygen Therapy Equipment for Other Diseases

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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Blood Banking Equipment Market is set to surpass US$ 23.4 Billion in 2032

[300 Pages Report] According to Future Market Insights, the global blood banking equipment market held a valuation of about US$ 14.2 Bn in 2021. As per the study, sales are expected to increase at a CAGR of 4.7% during the forecast period (2022-2032), surpassing US$ 23.4 Bn in 2032.

Data Points Market Insights
Blood Banking Equipment Market Value 2021 US$ 14.2 Bn
Market Value 2022 US$ 14.8 Bn
Market Value 2032 US$ 23.4 Bn
CAGR 2022-2032 4.7% CAGR
Market Share of Top 5 Countries 50.7%

Need for blood components due to increasing surgical procedures and accidents has always been a matter of concern for blood banks and hospitals. In the U.K. the number of surgeries has been on the rise over the last few years. About 70,000 A&E cases were registered in 2019 in the country.  Such cases will mostly require surgical procedures and this will in turn demand more blood banking equipment and products.

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Increasing awareness about blood donation is the top priority of all blood transfusion centers. To address this issue, governments across the globe are offering several attractive reimbursement opportunities to volunteer donors.

For instance, the AABB promotes full insurance coverage and offers lucrative reimbursement that will support the patients’ access to blood products, transfusion services and cellular therapies. The blood banking equipment market will witness immense growth in the upcoming years if such policies are implemented by developing economies as well.

The development of the blood banking equipment market is reliant on automation in blood bank centers, the rising trend of mobile blood drives/ camps, government support and initiatives and an increasing number of blood donors.

Key Takeaways

  • Blood collection products are expected to hold a 8% market value share in 2022 and are projected to display a CAGR growth of 4.8% over the forecast period.
  • Hospitals hold a higher share in the blood banking equipment market by a value of about 3% in 2021.
  • North America is slated to be the largest leading region with a value share of 2% at the end of the forecast period
  • India is expected to lead the growth in South Asia blood banking equipment market during the assessment period.

“Rising prevalence of chronic blood-related disorders, along with increasing trend of blood donation drives will fuel the blood banking equipment market over the forecast period,” says an analyst of Future Market Insights.

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Market Competition

Acquisitions, partnerships, recognition and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in different geographies.

  • Blood Collection: BD acquired Velano Vascular in July 2021 with the goal of adding breakthrough needle-free blood draw technology to alleviate the pain and discomfort of multiple needlesticks.
  • Blood Processing: The novel plasma collection system developed by Terumo Blood and Cell Technologies received FDA approval in March 2022. Rika is a next-generation automated system that focuses on plasma centre personnel and donors’ experiences. It has safety features to reduce operator mistakes and harvests plasma in under 35 minutes.

Want More Insights

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global blood banking equipment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the blood banking equipment market segment based on product– (blood collection [blood collection sets, blood bag tube sealer, blood collection mixer, blood bags, reagents, lancets, and others], blood processing [centrifuges, blood filters, blood bank analysers, blood warmers, and plasma thawing baths], blood storage [blood bank refrigerators, blood bank freezers, and test tube racks], and others), and end user (hospitals, and blood banks), across seven major regions.

Key Players :

  • Medtronic
  • BD Medical
  • Boston Scientific
  • Smith Medical
  • Argon Medical Devices
  • Novo Nordisk
  • Terumo Corporation
  • NIPRO Medical
  • B. Braun Melsungen AG
  • Medsurg
  • Hamilton Syringes & Needles
  • Hi-Tech Medicare Devices
  • Abbott Laboratories
  • Beckman Coulter, Inc.
  • Becton, Dickinson and Company
  • bioMérieux SA
  • Bio-Rad Laboratories, Inc.
  • Cerus Corporation
  • CSL Behring LLC
  • Fresenius Kabi AG

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Key Market Segments Covered in Blood Banking Equipment Industry Research

By Product:

  • Blood Collection
    • Blood Collection Sets
    • Blood Bag Tube Sealer
    • Blood Collection Mixer
    • Blood Bags
    • Reagents
    • Lancets
    • Others
  • Blood Processing
    • Centrifuges
    • Blood Filters
    • Blood Bank Analysers
    • Blood Warmers
    • Plasma Thawing Baths
  • Blood Storage
    • Blood Bank Refrigerators
    • Blood Bank Freezers
    • Test Tube Racks
  • Others

By End User:

  • Hospitals
  • Blood Banks

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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Cancer Gene Therapy Market size reaching US$ 5.3 Billion in 2032 | FMI

[300+ Pages Report] As per Future Market Insights’ latest revised industry analysis, the global cancer gene therapy market is projected to expand at a 10.1% CAGR over the forecast period, with the market size reaching US$ 5.3 Bn in 2032.

Gene therapy is a field of medicine that aims to cure or greatly improve the treatment of diseases that have few or no treatment options. Advanced-stage cancer and hematological illnesses make up a large share of gene therapy candidates. In addition to this, gene therapy is frequently used to treat rare or inherited diseases.

While gene therapy research is still in its early stages, firms are increasingly investing in the technology. A handful of products have recently received approval outside of Canada or are in the final stages of clinical trials.

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Gene therapy is currently extremely expensive. Multi-stakeholder discussions about pricing and reimbursement management for these goods are required. To provide accessibility and quality of care, specialized manufacturing facilities, care centers, and doctors skilled to undertake specific procedures for such therapies are required.

The growth in the cancer gene therapy market is reliant on increasing awareness about health, the growing incidence of cancer, and the latest advancements in cancer gene therapy.

“Rising awareness regarding cancer gene therapy across emerging economies, along with favorable healthcare reimbursement plans in various countries will create opportunities for growth in the market over the forecast period,” says an FMI analyst.

Key Players :

  • Merck KGaA
  • Novartis AG
  • AstraZeneca Plc.
  • BIOCAD
  • Crinetics Pharmaceuticals, Inc.
  • EffRx Pharmaceuticals S.A.
  • Euroscreen S.A.
  • Vicore Pharma AB
  • Amgen
  • Bristol-Myers Squibb
  • Cell Genesys Inc.
  • Adaptimmune Therapeutics plc.
  • Achieve Life Science Inc.
  • BioCanCell Ltd.
  • Genelux Corporation
  • Advantagene Inc.,
  • GenVec Inc.
  • GlaxoSmithKline PLC
  • Amgen Inc.

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Key Takeaways:

  • Based on therapy, the oncolytic virotherapy segment accounted for about 3% of the total market share in 2021.
  • In terms of indication, sales in the breast cancer segment are forecast to grow at a CAGR of 7% in the forecast period.
  • By service provider, demand in the hospitals segment will grow at a 9.3% CAGR through 2032.
  • The U.S. will dominate the North America cancer gene therapy market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for 32.3% of the East Asia cancer gene therapy market share over the assessment period.
  • Demand in Germany is expected to increase at a 11.9% CAGR over the assessment period.

Competition Landscape

Acquisitions, partnerships, geographical recognition, and product launches are the key strategies adopted by leading players to increase the consumer base. For instance:

  • In March 2022, Novartis and Carisma Therapeutics agreed to collaborate on the development of HER 2 targeted CAR-M cell therapy.
  • A2 Biotherapeutics and Merck announced a collaboration in December 2020 to develop allogeneic cell therapy for solid tumor cancers.

Want More Insights

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global cancer gene therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the cancer gene therapy market segment based on therapy – (gene induced immunotherapy, oncolytic virotherapy, gene transfer, and others), by indication (breast cancer, ovarian cancer, liver cancer, pancreatic cancer, lung cancer, and prostate cancer), by service provider (hospitals, clinical research laboratory, and oncology institutes), across seven major regions.

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About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

Key Market Segments Covered in Cancer Gene Therapy Industry Research

By Therapy:

  • Gene Induced Immunotherapy
  • Oncolytic Virotherapy
  • Gene Transfer
  • Others

By Indication:

  • Breast Cancer
  • Ovarian Cancer
  • Liver Cancer
  • Pancreatic Cancer
  • Lung Cancer
  • Prostate Cancer

By Service Provider:

  • Hospitals
  • Clinical Research Laboratory
  • Oncology institutes

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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Patient Transport Services Market is anticipated to be valued at US$ 117.1 Billion by 2032

[250 Pages Report] The global Patient Transport Services market is valued at US$ 34.1 Bn in 2021 and is expected to reach US$ 117.1 Bn by 2032, expanding at a CAGR of 12% between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence provider, global Patient Transport Services market has increased at a CAGR of roughly 11% over the last half-decade.

Ambulance demand is rising resulting from beneficial reimbursement rules, a important increase in medical tourism, a rise in road accidents, and a rising senior populace. Road accidents are becoming more common, prompting emergency medical care and ambulance assistance. According to the Association for Safe International Road Travel (ASIRT), 1.3 million people die in car accidents each year, with another 20-50 million injured or incapacitated.

Attributes Details
Patient Transport Services Market CAGR (2022 – 2032) 12%
Patient Transport Services Market Size (2022) US$ 37.9 Bn
Patient Transport Services Market Size (2032) US$ 117.1 Bn

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In addition, the rising number of deaths as a result of traffic accidents necessitates prompt medical attention. Government policies that support the healthcare business, as well as reimbursement programmes for healthcare services, are propelling the market forward. The need for Patient Transport Services is increasing as a result of the rise in medical tourism and the construction of infrastructure for healthcare facilities. Cardiovascular illnesses, which include cardiac arrest, coronary artery disease, heart failure, and stroke, frequently necessitate rapid medical attention and treatment because they are a primary cause of death and are predicted to drive market growth.

Medical tourism is also on the rise as a result of improved healthcare facilities and reimbursement rules. According to the Directorate-General of Commercial Intelligence and Statistics of India’s report “Export Health Services: 2015-2016,” India had approximately 58,300 medical tourists with visas for medical travel in 2015-2016. In addition, according to a data published by Ctrip, a renowned Chinese travel operator, medical tourism in China grew by 500% in 2016, with 500,000 outbound medical travels.

Other key contributing causes for the rising demand for Patient Transport Services in the next five years include increased awareness of life support services and the availability of qualified healthcare specialists to address healthcare issues.

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Key Players :

  • Envision Healthcare
  • London Ambulance Service NHS Trust
  • Acadian Ambulance Service
  • BVG India Limited
  • America Patient Transport Services, Inc
  • Falck Denmark A/S
  • Air Medical Group Holdings, Inc.
  • Air Methods Corporation
  • Ziqitza Healthcare Limited
  • Medivic Aviation

Key Takeaways from Market Study

  • Patient Transport Services Market was valued at US$ 34.1 Bn in 2021. According to Future Market Insights, Patient Transport Services Market revenue would increase 3X between 2022 and 2032, reaching roughly US$ 117.1 Bn in 2032.
  • In terms of Transport Vehicle Type, the Ground Ambulance accounts for the highest projected CAGR of over 13.1%.
  • In terms of the Emergency Services of Patient Transport Services Market, Emergency Services accounts for the highest CAGR of 11.3% during the historic period (2017-21).

Winning Strategy

To strengthen their position in the market, key firms are engaging into collaborations to achieve operational excellence.

  • In September 2017, for example, BVG India Limited and the government of Andhra Pradesh cooperated to provide emergency medical services in the state. In Andhra Pradesh, the business offered 467 ambulances, including 389 basic life support and 76 advanced life support ambulances. This joint venture is projected to increase the company’s revenue.

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Competitive Environment

Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service, BVG India Limited, America Patient Transport Services, Inc. are some of the major companies in the Patient Transport Services industry. To enhance their geographical footprint, the top players are using novel product launch tactics. Some of the growth tactics highlighted include mergers and acquisitions, strategic cooperation, and partnership partnerships.

Future Market Insight’s Domain Knowledge in Healthcare Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Healthcare domain team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the Healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Market Segments Covered in Patient Transport Services Market Analysis

By Transport Vehicle:

  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance

By Emergency Services Type:

  • Emergency Services
  • Non-emergency Services

By Equipment Type:

  • Advanced Life Support (ALS) Patient Transport Services
  • Basic Life Support (BLS) Patient Transport Services

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.

Contact Us:
Future Market Insights,
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