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Ritika Tyagi
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Mobile Apps have remodeled the entire retail industry. Out of which, the grocery business has observed enormous growth in the last three years.
Various startups, SMEs, and enterprises have started shifting their grocery business online by improving feature-rich grocery mobile apps. You may wonder the way to open a grocery and take it online? Then this post will help you to plan out. Some of the leading grocery delivery app available market are Instacart, Amazon Fresh, Peapod, etc.
Grocery mobile apps have grown popular because they effectively satisfy the grocery needs of individuals from the comfort of their homes.
E-Grocery business is one of the fastest grocery businesses in the economy. Therefore, if you own an offline grocery, this is often the simplest time to require your grocery business online. You may have a question, why?
You will get some excellent benefits by establishing a grocery delivery app for your business. Here we will explain all benefits in detail. But, before that, let’s review a number of the newest statistics about online grocery stores.
Benefits of Grocery Delivery App for Grocery Stores
Inventory and Order Management
Grocery mobile apps possess an Admin Panel, which you instantly access from your smartphone or computer. With the help of the Admin panel, you can manage the entire inventory.
You also have a choice to set notifications about stocks so that you’ll get them organized easily. Besides this, you can also manage all of your past, present as well as future stock.
Enhanced Convenience
Support essential benefits that you can provide to your customers. In offline grocery stores, customers need to reach during a queue, devour the basket, lookout for groceries, pick groceries, then make payment.
People who are doing their job find it difficult to buy groceries on time. When you develop a grocery delivery app, users can order their groceries and get them delivered to their desired place.
Analyzing buyer behavior and fulfilling personalized offers
Analyzing buyer behavior is one of the highly critical things that the grocery delivery business can perform continuously. Whether you are an MSME, Startup, or prominent enterprise owner, you should collect valuable data about all the customers, such as their interests, likes, and dislikes.
You can also accumulate data of the days when the consumer prefers to purchase more and what kind of items they prefer to purchase more.
After accumulating all this data, you can provide personalized suggestions to your customers. By following this, you will be able to attract an immense number of users to your app.
Moreover, you can heighten your customer’s shopping experience by providing them relevant recommendations about similar items.
For instance, if a buyer purchases a special type of soup, you can recommend different items users purchase with that specific product, making their shopping experience steady and easy.
Intensifying Customer Loyalty by contributing Loyalty Program
Buyer Loyalty is one most essential factors for any market. It takes a lot of time and effort to grow customer loyalty.
The primary objective of developing a grocery app alongside the grocery is to supply a customer loyalty program that will engage existing customers and attract new ones. One of the most fundamental ways to improve loyalty is to offer a personalized and highly spontaneous user experience.
Besides user experience, you need to analyze the profits you generate from existing users and then create a highly unique loyalty program. You can provide your buyers with various features for being loyal customers. Include reward points, loyalty bonuses, exclusive offers, etc.
Reducing Overhead
Managing an offline grocery store you have to hire the best people, which is a challenging job. Furthermore, you will require enough workers to run the grocery store efficiently. You also have to give them a salary, which will increase the overhead.
On the other side, if you can build a feature-rich, scalable, and reliable grocery mobile app, you can decrease overhead in some years. To build a grocery app, you can pay an ample amount to an expert grocery app development company. However, in the long run, you only have to pay the company for maintenance and support, which is very low.
Grocery Order Tracking
Every year, the online grocery business is progressing at an enormous rate. Order tracking may be a must-have feature in your grocery mobile app.
With the help of this feature, buyers can track their order status and delivery & remain stress-free about the goods.
Multiple Payment Options
By developing an online grocery store, you can offer diverse payment options to buyers. Includes credit cards, debit cards, PayPal, Wallets, UPI, etc. By this, they can pay using their favored option.
Conclusion
These were a number of the benefits of developing a web grocery to expand your grocery business. You can reach out to an expert grocery app developer & they will deliver you the best clarification at a cost-effective price.
Looking to build a mobile app for an online grocery store? Get your Grocery-specific Android & iOS Mobile Apps from Pletratech
Create long-term customer loyalty, higher conversions, and more revenue for your business with Pletratech Grocery Mobile App for Android & iOS.
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What is Salesforce?
Salesforce is the world’s driving cloud-based CRM programming that enables your business to develop into an increasingly streamlined, successful, and effective association overall basis. Having been in the market since the late 90s, Salesforce has developed into a standout amongst the most creative and extensive CRM arrangements, fit for tending to the majority of your business needs.
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How Salesforce Can Help You Grow Your Business?
Here are ten essential reasons why Salesforce merits your consideration and thought. How about we get this show on the road.
1. Simple to Utilize
Salesforce is as simple to use as the sites you visit each day. You can sign in from any place, team up with your associates, and view and update client information at whatever point you need.
2. Simple to Redo
Regardless of whether you need to include modules or fields, make deal procedures, or change work processes, it’s everything only a tick away with Salesforce Customization.
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Salesforce takes adaptability to the following dimension. You can utilize it anyplace and whenever. It has spearheaded a protected and refined cloud framework and offers unparalleled cloud answers for Deals, Promoting, Backing, and Examination.
4. Productive Announcing
Salesforce offers an amazing suite of announcing instruments that help spare your time, cash and enable you to give your business the consideration it merits. The revealing office in Salesforce is adjustable, empowers contract the board, and offers continuous reports and examination.
5. Multi-tenant Stage
All Salesforce clients share a similar framework and occurrence of the product. This takes into account programmed and synchronous updates for all clients on the stage, while keeping their information secure. This implies you’re getting the best-in-class highlights with programmed, consistent redesigns three times each year.
6. Joining Alternatives
The Salesforce stage has a vigorous and an all-around reported open Programming interface which makes for all intents and purposes any Salesforce mix conceivable. This gives you a chance to delineate business forms onto Salesforce all the more adequately and lifts efficiency.
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App Exchange in Salesforce enables you to create and advertise your very own application or gain admittance to a huge number of valuable, verified and confirmed applications and mixes worked by different clients.
8. Versatile CRM
Salesforce was one of the most punctual CRMs to go versatile. Presently regardless of whether you are on get-aways, you can understand the maximum capacity of Salesforce utilizing your cell phone.
9. Client Achievement Stage
Salesforce lets you productively bind together extraordinary key elements of your business so you can make client progress. You can sell, administer, advertise, team up, know your clients, and manufacture applications on a solitary stage.
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The people group at Salesforce is constantly prepared to help and bolster you. They likewise give customization administrations and help organizations access a pool of rich designer abilities.
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Conclusion
Since its discharge, Salesforce has helped a substantial number of businesses to all the more likely deal with their clients and develop. On the off chance that you also are searching for the ideal CRM for your business, look no further. Salesforce is focused on greatness and with its extraordinary highlights, it will begin paying profits right away.
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Pletratech is the best salesforce development company and consulting company that offers Consulting, Solutions, and Services. Through our best quality resources, in-house skills, and experience, we provide companies across the globe with cost-effective and stress-free services & solutions. These solutions leverage advanced technologies, business process knowledge, and domain expertise to help clients achieve a noticeable competitive advantage. The company’s in-house training program prepares the clients by incorporating upcoming technologies into their existing IT infrastructure, allowing them to utilize technology for innovation, differentiation, and growth.
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We have all been there, the moment you leave the parking lot only to realize you forgot to pick up laundry detergent, the confusion of not knowing which department marshmallows fall under, the dread of having to head to the grocery store instead of enjoying a day out with friends. Though we understand that your weekly grocery store visit takes time away from doing the things you love. That’s why many of our locations proudly offer the advantages of online grocery shopping for delivery right to your doorstep.
Grocery Apps are Time Saving Folks.
The Facility of Order Tracking.
Opportunity to Get Aware of Consumer Behavior.
Avail of the Benefits of Discounts and Offers.
Grocery Apps Help in Managing Budget and much more.
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The reason why using a mobile application for groceries will be beneficial.
As we are perceiving a hike in the percentage increase of the e-commerce apps, the grocery-based apps are also following in the same footsteps. These mobile applications are also built on more or less the same architecture where the consumer can find a spectrum of items under different categories.
1. Grocery Apps are Time Saving Folks
Do you know why e-commerce excelled in this tough business competition strata? The same can be said about the grocery apps. It’s time-saving folks! Now you don’t have to visit the store personally, walk around the supermarket with a shopping basket, search for each item, pick it up and search for the price, look for the discount and offers and lastly when you have done with your shopping, line up in the queue to wait for your turn to pay the bill. Well, told you grocery shopping is a tedious job and if you are accompanying your wife, be sure to spend some more sweet time at the store. Jokes apart, you can place your order from anywhere and it will be delivered to your address. It is completely hassle-free.
2. The Facility of Order Tracking
We talked about the comfort level of the customers and the convenience factor that the grocery apps are offering to the users. But there are some other important reasons why its demand has suddenly ascended. The customers will be able to know the status of their order and also track the delivery making sure when it will arrive at their doorstep.
3. Opportunity to Get Aware of Consumer Behavior
Consumer behavior is a term that we have probably studied in economics and is quite applicable to the grocery app business as well. Considering the scenario today it has become imperative for the entrepreneurs to collect valuable data about the customers that include their personal likes and dislikes
4. Grocery Apps Help in Managing Budget
Well, the grocery apps will also keep a check on your budget as you will not place orders for unnecessary items. It was common at the store when people purchased products, which they didn’t require and realized that they have needlessly spent more than required. You can also keep a track record of how much you are spending on the grocery items every month and control it if it is exceeding your estimate.
5. Avail the Benefits of Discount and Offers
Ever since the number of grocery apps is increasing, the competition is getting tougher. Every now and then we find online grocery apps coming up with some enticing offers and alluring discounts for the customers. This discount is available merely on almost every product starting from fruits and vegetables, cereals and pulses, beverages, soaps and detergents, and much more.
6. Get the Widest Range of Products and Brands
The advantage of having a grocery app installed on your smartphone is not just restricted to availing the benefits of discounts but also come across a wide selection of products and brands to choose from. Maybe that an item of a specific brand is costly and fitting your budget estimate. You have other options and brands to look for.
8. Convenient Payment Options
Similar to the e-commerce apps and platforms, the grocery apps also provide convenient payment options to their customers. You can pay through net banking or pay using your debit or credit card. alternatively, you can also choose the cash on delivery option. Some grocery apps offer additional discounts if you pay online using the debit or credit card of a particular bank.
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Conclusion
Undoubtedly, grocery items are the most essential items that are consumed on a day-to-day basis. We may have a particular schedule of buying grocery items but when we have the luxury of a mobile application, we can place the order any time whether it is one or two items or a long list of the items and it also helps in saving a lot of time as well as money.
Pletra Technology is one of the leading Mobile Apps Development with experience and expertise to translate your ideas into futuristic apps and immersive mobile experiences.Our experts can help clients leverage the mobile application platform effectively to innovate and create value from customer operations. We can help you to successfully implement the Mobile Application for Grocery Store.
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In today’s era, the trendy and cool apps rule over the used to be boring study and exams, and students without any doubt, love using learning apps. However, when we combine the two, the outcome is trendy as well as a powerful source of effective learning. When we think of combining trendy technology with boring studies, what we actually mean is educational mobile apps. Undoubtedly, students are more driven towards using a mobile phone for every purpose, and in this situation, educational apps can be the perfect way to attract students and convince them to study.
With educational apps, the students can get access to any information from anywhere. Therefore, mobile apps for education are the most interactive and constructive way to attract students towards studies and enhance their productivity. These mobile applications have brought about some crucial changes in the education industry, as most of the institutions, tutorial centers, and individual educators are getting in touch with the developers to get the mobile apps for imparting knowledge, and this is because the educational apps offer a lot of benefits. So without wasting time, let us discuss a few of the benefits of educational apps.
How Mobile Apps Have Changed The Education Sector?
In these changing times, students are more driven towards using a mobile phone for every purpose. A smartphone they call it. The world is at the fingertips and a student can get access to any information from anywhere. This reduces the chance of visiting a library and searching for the data. A mobile phone hence can be used for a number of such purposes. What makes the information easily available is mobile applications. Every mobile app has a unique feature that offers its own set of services.
Learning is a continuous process and the focus has now completely shifted to e-Learning. Due to the mobile phones and the various feature-oriented applications, students can learn at their pace and take their time at understanding things, as everything is just a click away.
Some more Advantages Of Using Mobile Apps In The Classroom
1. New Learning Methods
The introduction of applications in the education sector has led to the introduction of new learning methods. There are fun games available on mobile applications that indulge the students in a healthy thought process and help them understand things from a different perspective.
2. Enhanced Parent-Teacher Communication
Parent-teacher communication apps help in building parent-teacher relations beyond the walls of educational institutes. This facilitates teachers responding to the queries from the parents regarding the development of their ward. It also helps in maintaining transparency in the education sector.
4. Miscellaneous Functions
Various other student-related activities, such as online school payments and payments for other purposes, can be made through mobile applications. It saves the effort to stand in a queue and pay the fees for various purposes at school. Also, attendance-management apps maintain the attendance of students, so that teachers can have a keen eye on the students. It makes it easy for both teachers and parents to keep a track of the attendance of students.
5. Decreased Communication Gap Between Students And The Institution
It can be said that, following traditional methods, institutes cannot pay equal attention to all students. Now, however, it is possible to reach out to all of them. School communication apps make it possible to impart information to every student; they can inform them about new schedules, different forums, various conferences, and social school activities.
Conclusion:
There are many education ERP companies in India that provide school management apps and various other mobile apps. providing apps for different purposes which make it easy for the institution to keep the students informed about school activities. It can now be said that students have taken up modern ways of learning through mobile applications. Such mobile applications ease up student problems and facilitate learning. Mobile applications are the future of the education sector, leading towards its development.
Pletra Technology is one of the leading Mobile Apps Development with experience and expertise to translate your ideas into futuristic apps and immersive mobile experiences.Our experts can help clients leverage the mobile application platform effectively to innovate and create value from customer operations. We can help you to successfully implement the Mobile Application for Education Sector.
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Offering end-to-end Salesforce Development Solutions. Maximize your ROI and augment your profitability with one of the Salesforce Development Services in the industry. Startups to enterprises, we help organizations make more out of their Salesforce CRM.
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Salesforce has evolved far beyond being just CRM. It is a superior application platform that automates end-to-end workflows.
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Leverage tools to manage products and to interact with customers/clients.
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Pandemics such as COVID-19 require investments for additional manpower, equipment, consumables, and other resources to ensure 100% preparedness for safety in hospitals and, if needed, eventual treatment of patients. The COVID-19 pandemic is an accelerator for AI technology by creating opportunities for leveraging these tools for healthcare advancement.
AI and radiomics, which are being applied to X-ray and CT scans as advanced imaging tools in the detection and follow-up of COVID-19, have been able to diagnose the presence of the infection. This is because AI algorithms and radiomics used for chest X-rays can help undertake massive screening programs. For instance, Zhongnan Hospital (China) uses AI to interpret CT scans and identify COVID-19 symptoms when human radiologists are unavailable. Similarly, the Tampa General Hospital (Florida, US) uses an AI-driven technology to screen individuals for COVID-19 before they interact with the hospital staff and other patients. The Massachusetts General Hospital (Boston, US) also used AI-powered robots, which obtain vital signs and provide care to COVID-19 patients. This allows healthcare staff to potentially reduce human contact, which is important to curb the spread of the disease.
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Providence St. Joseph Health (Seattle, US) used an AI-powered chatbot that screened and triaged more than 40,000 patients, categorizing them by the level of care needed and freeing doctors and nurses to focus on at-risk individuals in an unprecedented time of one week. Thus, physicians are taking the help of the augmented abilities of AI and responding to the requirements efficiently and quickly. Growth in Artificial Intelligence (Ai) in Medical Diagnostics Market is primarily driven by government initiatives to increase the adoption of AI-based technologies, increasing demand for AI tools in the medical field, growing focus on reducing the workload of radiologists, influx of large and complex datasets, growth in funding for AI-based start-ups, and the growing number of cross-industry partnerships and collaborations. [172 Pages Report] The global AI in medical diagnostics market is projected to reach USD 3,868 million by 2025 from USD 505 million in 2020, at a CAGR of 50.2% during the forecast period. Software segment is expected to grow at the highest CAGR
On the basis of component, the AI in medical diagnostics market is segmented into software and services. The services segment dominated this market in 2020, while the software segment is estimated to grow at a higher CAGR during the forecast period. Software solutions help healthcare providers gain a competitive edge despite the challenges of being short-staffed and facing increasing imaging scan volumes.
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Hospitals to establish the largest market size of AI in medical diagnostics market
Based on end user, the AI in medical diagnostics market is segmented into hospitals, diagnostic imaging centers, diagnostic laboratories, and other end users. The hospitals segment commanded the largest share of 64.1% of this market in 2019. The large share of this segment can be attributed to the rising number of diagnostic imaging procedures performed in hospitals, the growing inclination of hospitals toward the automation and digitization of radiology patient workflow, increasing adoption of minimally invasive procedures in hospitals to improve the quality of patient care, and the rising adoption of advanced imaging modalities to improve workflow efficiency.
North America to Witness Significant Growth from 2020 To 2025
The Artificial Intelligence (Ai) in Medical Diagnostics Market has been segmented into four main regional segments, namely, North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest market share of 37.6%. However, the APAC market is projected to register the highest CAGR of 53.2% during the forecast period, primarily due to the growth strategies adopted by companies in emerging markets, improved medical diagnostic infrastructure, increasing geriatric population, rising prevalence of cancer, and the implementation of favorable government initiatives.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Key Market Players:
T Microsoft Corporation (US), NVIDIA (US), IBM (US), Intel (US), Siemens Healthineers (Germany), GE Healthcare (US), Digital Diagnostics (US), Xilinx (US), InformAI (US), Enlitic (US), Day Zero Diagnostics (US), Aidence (Netherlands), Butterfly Network, Inc. (US), Prognos (US), Zebra Medical Vision (Israel), Viz.ai (US), Quibin (Spain), Qure.ai (India), Therapixel (France), and HeartFlow (US).
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According to the new market research report ” Drug Screening Market by Product (Consumables, Urine testing devices, Analytical, Breathalyzer, Chromatography) & Services, Sample Type (Urine, Breath), End User (Workplace, Laboratories, Criminal Justice, Hospitals) – Global Forecast to 2025″, published by MarketsandMarkets™ , global drug screening market is projected to reach USD 10.0 billion by 2025, from USD 4.5 billion in 2020, at a CAGR of 17.3%.
Major Growth Drivers:
Growth in this market is attributed to the rising drug & alcohol consumption, the enforcement of stringent laws mandating drug and alcohol testing, government funding in major markets, and regulatory approvals and product and service launches.
On the other hand, bans on alcohol consumption in Islamic countries and the prohibition of drug testing at workplaces in certain regions are some major factors that may hinder the market growth.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. This study involved four major activities in estimating the current size of the drug screening market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
Expected Revenue Growth:
[192 Pages Report] The global drug screening market is projected to reach USD 10.0 billion by 2025, from USD 4.5 billion in 2020, at a CAGR of 17.3%.
COVID-19 impact on the drug screening market
COVID-19 has resulted in significant disruptions to businesses and economic activities globally and is expected to have a short-term negative impact on the drug screening market due to limited or non-availability of medical facilities/treatment centers, harm reduction service providers, and the fear of infection transmission. To reduce the strain on the healthcare system and decrease disease transmission, various governments worldwide provided guidelines to postpone or delay non-essential medical and surgical procedures.
Browse in-depth TOC on “Drug Screening Market”192 – Tables35 – Figures192 – Pages
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The rapid testing devices segment will witness the highest growth during the forecast period.
Based on product, the drug screening market is segmented into analytical instruments, rapid testing devices, and consumables. Rapid testing devices market is further subsegmented into urine testing devices and oral fluid testing devices. The urine testing devices segment is expected to account for the largest market share in 2019. However, the oral fluid testing devices segment is projected to register highest CAGR during the forecast period. The high growth in this segment is attributed to the benefits it offers such as shorter detection window, non-invasive nature, and low risk of sample tampering.
The urine sample segment dominated the drug screening market in 2019.
The global drug screening market by sample type is segmented into urine, breath, oral fluid, hair, and other samples. The urine sample segment is estimated to account for the largest share in 2019; however, the oral fluid samples segment is expected to register the highest growth rate during the forecast period.
North America was the largest regional market for drug screening market in 2019.
The drug screening market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America was the largest regional segment of the overall market, followed by Europe. The dominance of the North American market is attributed to factors such as rising consumption of illicit drugs, availability of government funding to curb drug abuse, and the presence of laws supporting drug screening, and growing burden of accidents due to unsafe levels of alcohol consumption.
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Key Market Players
The prominent players operating in this market include LabCorp (US), Quest Diagnostics (US), Alere (US), OraSure (US), Alfa Scientific Designs (US), Thermo Fisher Scientific (US), Drägerwerk (Germany), LifeLoc (US), MPD Inc. (US), Omega Laboratories (US), Premier Biotech (US), Psychemedics (US), Roche (Switzerland), Shimadzu (Japan), and Siemens Healthineers (Germany).
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Market growth is primarily driven by the rising incidence of venous thromboembolism, atrial fibrillation, and stroke; long-term administration and high volume of recurring sales of anticoagulation drugs; and increasing demand for novel oral anticoagulants (NOACs).
According to the new market research report ” US Anticoagulation Therapy Market by Product ((Anticoagulants Drugs (NOACs, Warfarin)), PT/INR Devices (In-Office, Home Testing)), Service Type (Testing & Consulting), Type of Clinic (Hospital Associated, Independent & Pharmacy-based)”, published by MarketsandMarkets™ , US anticoagulation therapy market is projected to reach USD 27.83 Billion by 2022 from USD 17.25 Billion in 2016, at a CAGR of 8.5%.
The market is segmented into products (anticoagulation drugs and PT/INR testing devices) and anticoagulation clinics. The growth in the anticoagulation drugs market is primarily driven by the rising incidence of venous thromboembolism, atrial fibrillation, and stroke; long-term administration and high volume of recurring sales of anticoagulation drugs; and increasing demand for novel oral anticoagulants (NOACs).
Expected Revenue Growth:
[86 Pages Report] The US anticoagulation therapy market is projected to reach USD 27.83 Billion by 2022 from USD 17.25 Billion in 2016, at a CAGR of 8.5%.
Accessories to Fuel the Growth of US Anticoagulation Therapy Market :
In this report, the US anticoagulation therapy market is segmented on the basis of products and clinics. On the basis of products, the market is segmented into anticoagulation drugs and PT/INR testing devices.
Browse in-depth TOC on “US Anticoagulation Therapy Market”
29 – Tables25 – Figures86 – Pages
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Based on drug type, the anticoagulation therapy market for drugs is segmented into NOACs, warfarin (VKA), and other drugs. In 2016, the NOACs segment dominated the US anticoagulation therapy market for drugs. Due to the better safety and efficacy of NOACs as compared to traditional therapies, the adoption of NOACs is higher as compared to traditional drugs. In addition, key market players such as Portola Pharmaceuticals (received FDA approval for its NOAC Betrixaban in July 2017) are focusing on the development of NOACs in order to capitalize on the growth opportunities presented by this shift in market dynamics
The anticoagulation therapy market for PT/INR testing devices is segmented into in-office testing devices and home testing devices. The in-office devices segment dominated the US anticoagulation therapy market for PT/INR testing devices. The large share of this segment is mainly attributed to the large number of patients opting for in-office testing services.
The anticoagulation therapy market for clinics is segmented on the basis of type of services and clinics. The types of clinics include hospital associated clinics, independent clinics, and pharmacy-based clinics while the types of services include testing services and consulting services. The pharmacy-based clinics segment is expected to register the highest CAGR during the forecast period. In the US, the number of pharmacy-based anticoagulation clinics has increased significantly in the last few years. This is due to the fact that better results are achieved when therapy is managed by expert pharmacists rather than care provided by family physicians.
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C. H. Boehringer Sohn (Germany), Bristol-Myers Squibb (US), Johnson & Johnson (US), Pfizer (US), Daiichi Sankyo (Japan), and Portola Pharmaceuticals (US) are the major market players in the global market for drugs while Roche (Switzerland), Abbott (US), Siemens (Germany), Alere (US), and CoaguSense (US) are the major market players in the US anticoagulation therapy market for PT/INR home testing devices.
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The Growth in this HIE Market can be attributed to factors such as growing need to curtail healthcare costs, focus on patient-centric care delivery, growing adoption of EHRs and other HCIT solutions, government initiatives for enhancing patient care and safety, government funding for healthcare interoperability.
However, data privacy concerns, need for significant investments in infrastructure development and high cost of deployment, lack of true interoperable solutions are expected to hinder the market growth.
According to the new market research report “Health Information Exchange (HIE) Market by Set Up Type (Public, Private), Implementation Model (Federated, Hybrid), Type (Pull, Push), Application (Web Portal, Secure Messaging), Solution (Portal, Platform Centric), End User – Global Forecast to 2025″, published by MarketsandMarkets™, the global Health Information Exchange Market is expected to reach 2.0 billion by 2025 from an estimated USD 1.1 billion in 2020 at a CAGR of 12.2% during the forecast period.
COVID-19 Impact on the Health information exchange Market
The COVID-19 pandemic has created technological shifts crucial to providing better care. The crisis has made complying with data interoperability a priority for most healthcare institutions. It has also increased the need for social distancing among physicians and patients, which has driven the demand for remote patient monitoring and telehealth solutions and the need for the accurate and timely exchange of patient health records. In this regard, health information exchange is an effective tool that provides a framework for exchanging, sharing, and retrieving electronic health information with advanced security. These solutions allow a seamless exchange and interpretation of health-related data among healthcare organizations and patients for clinical decision-making and other applications.
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The health information exchange market includes Tier I and II vendors Epic Systems Corporation (US), Cerner Coporation (US), MEDITECH(US), and Intersystems Corporation (US) among others. The companies have a large market spread across various countries in North America, Europe, Asia Pacific, and the Rest of the World.
The private HIE segment is expected to account for the largest share during the forecast period
Based on the setup type, the health information exchange market is segmented into public and private HIE. The private HIE segment is expected to account for the largest share of the market in 2020. The large share and high growth can be attributed to the various advantages it offers as compared to public HIEs, such as additional functionalities and strong technical support.
The hybrid model is expected to grow at the highest rate during the forecast period
Based on the implementation model, the health information exchange market is segmented into centralized/consolidated model, federated/decentralized, hybrid models. The hybrid model segment is expected to account for the largest share of the market in 2020. This segment is also expected to grow at the highest CAGR during the forecast period. The large share and high growth can be attributed to the various advantages it offers as such as controlled flow of data and support to diverse communities, cost-effective database solution and is often the only choice for cost-constrained organizations.
The portal-centric solution segment to account for the largest share during the forecast period
Based on the solution, the HIE Market is divided into portal-centric, messaging-centric, and platform-centric solutions. Portal-centric solutions are expected to account for the largest share of the global health information exchange market in 2020. The large share of this segment can be attributed to the advantages such as access to real-time information, faster data sharing, assisting in smooth operations, and ease of evaluating risks.
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North America regional segment to account for the largest market share of the health information exchange market
Geographically, the HIE Market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. North America is the largest regional market for health information exchange systems, followed by Europe. The largest share of the North American market can be attributed to the significant growth in hospital expenditure, government initiatives to improve patient care and patient safety, the high adoption of HCIT technologies, and the need to reduce healthcare costs.
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Ritika Tyagi
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According to our findings, the residential air purifiers market is expected to grow at an approximate CAGR of 8-10% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market.
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.
Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain the growth of this market during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:1. North America2. Europe3. Asia-Pacific4. RoW5. Latin America6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
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Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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