Healthcare Information Software Market to Show Robust Growth by Rapid Adoption of Digital Health Products

The global healthcare information software market size is set to gain momentum from the inclination towards digital health resulting in the rising adoption of digital health products. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Healthcare Information Software Market, 2022-2029.”

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Drivers & Restraints-

Rising Adoption of Digital Health Products to Drive Maximum Growth in Market

The general population is taking up new technology at a rapid pace. The population is inclined towards digital health resulting in the rising adoption of digital health products, which is the major growth factor in driving the market. For instance, in April 2020, A new software solution was commenced by GE Healthcare to support health systems and clinicians in treating COVID-19 patients.

However, the general population is concerned about privacy and data security, which may pose a challenge in the growth of the market. 

COVID-19 Impact-

Pandemic Outbreak Disrupted Market Dynamics and Supply Chain

The sudden announcement of a healthcare emergency resulted in a lockdown of the nation. This lockdown affected almost every industry, market dynamics, competitors and supply chain all across the country. The Healthcare industry stood out of the list of markets hampered by COVID-19. As pandemic gave a boost to the healthcare industry it had a positive impact on the healthcare information software industry as well.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessins....ights.com/healthcare

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Commercial Vehicle Market Size is Projected to Reach USD 1,712.44 Billion in 2029

The global commercial vehicle market size was valued at USD 821.28 billion in 2021. The market could surge from USD 955.57 billion in 2022 to USD 1,712.44 billion by 2029 at a CAGR of 8.7% during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report titled, “Commercial Vehicle Market, 2022-2029.”
According to the analysis, freight vehicles, including heavy and light vehicles have become sought-after to streamline business operations. Governments have triggered investments to utilize and develop freight vehicles. To illustrate, the European Union has reportedly regulated automakers to install Advanced Driver Assistance Systems (ADAS), Lane Departure Warning (LDW), and AEB in all heavy vehicles with a weight of almost 15,400 pounds.
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Market Highlights:
Industrialization and Digital Transformation to Steer Growth
The expansion of e-commerce could foster the commercial vehicle market share during the forecast period. Burgeoning industrialization will drive technological advancements and innovations globally. The growth of the e-commerce sector has encouraged automakers and OEMs to emphasize the production of light & heavy vehicles. Moreover, the tourism sector has become one of the major recipients of automobile, largely due to the trend for destination weddings boosting the penetration of rental vehicles. Stakeholders also expect infrastructure developments, including smart city and residential projects and the need for bridges and flyovers to trigger the vehicle demand. However, high manufacturing costs and complexity in operating advanced systems could impede the growth prospect.
However, as various companies, such as Europcar Mobility Group, Hertz, and Avis Budget Group are majorly dependent on air rental services for generating income, the COVID-19 pandemic has created huge losses because of strict lockdowns and travel bans. It may hinder the commercial vehicle rental and leasing market growth in the upcoming years.

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ePharmacy Market Size [2022-2028] worth USD 177,794 Million

The global ePharmacy market size is projected to reach USD 177,794 million by 2026 owing to increased home deliveries as patients need not travel to the pharmacy store. In addition, these e-stores provide medicines at a discounted prices compared to pharmacy stores. Since e deliveries are common in other sectors, many e-commerce giants are also investing in the healthcare sector. For instance, Amazon is set to acquire epharmacy company PillPack for USD 753 million. This information was given by Fortune Business Insights™ in a report, titled, “, 2020-2027.” As per the report, the market stood at USD 49,727.7million in 2018.  It is set to exhibit a dramatic growth in CAGR by   17.3% during the forecast period between 2022 to 2026.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

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Advent of Latest Technologies based on Artificial Technology will Add Impetus to Market

The presence of the high geriatric population and their vulnerability to various diseases have propelled this generation to be reliable on medicines at a regular period. This also increases the dependency on a third person for the purchasing of drugs. The advent of ePharmacy reduces the involvement of third-party for delivering drugs and this is one of the factors responsible for the growth of this market. Besides this, ePharmacy provides medication at a discounted rate than the local retail shops and this is also helping to increase its popularity in the market. Additionally, the rise in penetration of the e-commerce industry is also influencing the positive growth of the market.

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Prescription Medicine Segment to take over in Coming Years on Account of Increasing Awareness among People

Based on product, the market is bifurcated into over-the-counter products and prescription medicine. Among these, the over-the-counter segment dominated the market in 2018 but is likely to be overpowered by the prescription medicine segment in the forecast duration. This is attributed to the increasing awareness about health and the importance of prescribed medication around the world. 

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Europe Diet Pills Market to Reach USD 1,411.1 Million with 24.9% by 2028

The Europe diet pills market size was USD 237.1 million in 2020. The market is projected to grow from USD 297.1 million in 2021 to USD 1,411.1 million in 2028 at a CAGR of 24.9% in the 2021-2028 period. This information is published by Fortune Business Insights™ in its report titled, “Europe Diet Pills Market, 2021-2028.” As per our researchers, in terms of the occurrence of obesity at an international level, Europe ranks second as compared to the United States. This robust trend of obesity, which is anticipated to grow in the region, has resulted in additionalworries that obesity can act like an epidemic in the region.

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Moreover, obesity contains numerous adverse repercussions, such as an augmentedbudget load on the healthcare structure of the European region. This has resulted inanxieties that rising levels of obesity maylead to a public health disaster in Europe. Therefore, there has been a sturdy riseinadministrative health programsconducted by the government in order to tackle the issue of obesity in the region. Thus, such improvements are anticipated to robustly contribute to the growth of the market during the mentioned timeframe.

Reduction in Hospital Appointments amid COVID-19 to DeclineEuropean Market Growth

The COVID-19 pandemic has restricted the growth of the marketas the government officials implementedstringent lockdown norms combined with the fear in people’s minds regarding being infected by the novel coronavirus. These drops in hospital visits in Europe haveresulted in a reduction in the number of freshdrug prescriptions for weight loss, which has shown further consequences ofdecreased market growth in 2020.

Nevertheless, the robustimplementation of online pharmacies insignificant countries such as the United Kingdom and Germany for recurrence prescription restocks has prohibited the CAGR of the year 2020 from being in negative numbers. Moreover, sustained adoption of OTC diet pills in 2020 has also prevented a more pronounced negative impact.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessins....ights.com/europe-die

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Pneumonia Testing Market Size to Hit USD 912.5 Million by 2029

The global pneumonia testing market size hit USD 557.1 million in 2021. The market valuation is slated to rise from USD 606.6 million in 2022 to USD 912.5 million by 2029, recording 6% CAGR during 2022-2029. This information is provided by Fortune Business Insights in its report titled “Pneumonia Testing Market, 2022-2029”.

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Regional Insights:      

The North American Market Stood at USD 221.4 Million in 2021

North America dominated the pneumonia testing market share in 2021 with USD 221.4 million. The region will continue to hold the dominant market share through 2029 led by growing pneumonia cases, rapid adoption of point-of-care technologies, and supportive reimbursement policies.

The European market holds the second-largest market share and will experience growth led by growing number of hospital admissions related to pneumonia. Meanwhile, the market in Asia Pacific will grow on account of a large geriatric population.

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COVID-19 Impact:      

Viral Pneumonia Cases Surged While Community-acquired Cases Dropped during Pandemic    

The COVID-19 pandemic had a dual impact on the pneumonia testing market growth. An increase in viral pneumonia cases was seen during the pandemic. This increased the number of microbiological tests performed on individuals with COVID-19-induced pneumonia to check for co-infection. However, due to stringent lockdown guidelines, the incidence of community-acquired pneumonia decreased.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Phone:

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