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How COVID-19 Impacted on Neurorehabilitation Devices in Healthcare Industry ?



OVERVIEW AFTERMATH OF COVID-19 AND GOVERNMENT ROLE

The first case of the COVID-19 pandemic was found in Wuhan, China. This pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature.
The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by WHO due to its increased spread across the globe.
Various countries announced the complete lockdown just after the declaration of COVID-19 as a pandemic, such as the U.S., India, Germany, and China, to protect them from the spread of the disease. The government imposed lockdown rules, and it had significantly impacted the market.
The neurorehabilitation process makes a possible reduction in impairments and disabilities and eventually improves the life of the patient. Examples of neurorehabilitation devices are invasive stimulators, non-invasive stimulators, brain-computer interfaces, and neurorobotics, among others. Current rehabilitation is supported by advanced methods based on biofeedback, transcranial brain stimulation system, and BCI system. The prevalence of neurological diseases, rise in technological advancement, the emergence of robotic rehabilitation, and the effectiveness of gaming systems in neurorehabilitation are factors that are propelling the demand of the global neurorehabilitation devices market. However, the shortage of skilled personnel, the high cost of treatment, stringent government regulation may hamper the global neurorehabilitation devices market.

IMPACT ON PRICE

Neurological rehabilitation is a program designed for the treatment of people suffering from a disorder or any injury in the nervous system. The devices include non-invasive brain stimulators, robotic neuro systems, brain-computer interfaces, and wearable devices, among others.
Due to the pandemic, there is the delay associated with various types of limitations faced by the manufacturers to fulfill the end product order, which has resulted in the less availability of neurorehabilitation devices in the market and due to which the cost of available devices has increased with the several factors. Also, due to the coronavirus disease (COVID-19) pandemic outbreak, manufacturers are forced to find new contract manufacturers and suppliers for more manufacturing activities to different or new facilities locations that are less impacted by the outbreak.

IMPACT ON DEMAND

Neurorehabilitation is an important part of the recovery process that has undergone some brain injury. In the COVID-19 pandemic, various charities have worked effortlessly to provide treatment and support to patients suffering from brain injury. During the pandemic, the demand for neurorehabilitation devices was high, but companies were not able to supply the devices to end-users as various restrictions were imposed by the government, such as a travel ban, closed borders, among others.
Coronavirus disease (COVID-19) is an infectious disease caused by a SARS-CoV-2 virus, while a large pool of the population is affected by this COVID-19 virus. Coronavirus disease (COVID-19) causes acute respiratory illness ranges from mild to severe pneumonia with respiratory failure. In order to minimize the spread of COVID-19, nearly all the countries have taken action, such as the implementation of lockdown and social distancing restrictions.
Due to affirmative restrictions, sudden shrink took place in various surgeries.
Moreover, the decrease in the revenue of the key market players depicted in their quarterly results, such as Medtronic, among others, gave evidence of the decline in the demand for the medical device due to the emergence of the COVID-19 pandemic.
For instance,
· Medtronic reported a decline of 1% in its brain therapies net sales of the financial results of 2020 as compared to 2019. The reduction was largely motivated by the detrimental effects of the COVID-19 pandemic and the subsequent deferral to companies of medical procedures
The decline in revenue of brain therapy suggests the detrimental effect of COVID 19 on the neurorehabilitation devices market and hence impacted the demand-supply concept.

IMPACT ON SUPPLY CHAIN

The consequences of COVID 19 cannot be underestimated. The product and service providers of neurorehabilitation have made efforts by providing services virtually to meet the demands as people were not frequently visiting the hospitals or clinics for the treatment.
The COVID-19 pandemic has transformed many organizations’ business environments; supply availability has been hampered by a number of issues, including export and travel restrictions by some manufacturing countries and lockdowns that have forced suppliers to (temporarily) shut down.
In various countries, neurorehabilitation units have reduced their number of beds, in-patients and out-patient neurorehabilitation centers are restricted to a particular area in order to tackle the pandemic situation
To manage such a critical situation, many organizations are looking forward to improving and diversifying the supply chain model in all aspects. Diversified supply chain model anticipated minimizing the export of medical devices as well as increase end-to-end visibility

STRATEGIC DECISIONS BY MANUFACTURERS

As the reality of COVID-19 dawned upon the world, the manufactures and production units of the companies in the global neurorehabilitation devices market swiftly planned for strategies to cope with the effect of the crisis. Major players in the market took various initiatives to cope up with the situation.
For instance,
· In July 2020, Abbott announced that it had received FDA approval for the use of the Patient Controller App on compatible personal Apple smartphone devices. The approval will allow the patient living with neurological conditions to manage their therapy directly from the personal smartphone
· In 2019, Mount Sinai Health System announced an innovative tele-neurorehabilitation program for stroke patients. This therapy can be taken by patients while at their homes with virtual backing from clinicians
· In 2020, Esko Bionics Holdings, Inc. announced that it had received FDA 501(k) go-ahead to promote its EksoNRTM robotic exoskeleton for patients with acquired brain injury. It is cleared by FDA for spinal cord injury, stroke, or acquired brain injury rehabilitation
These strategies helped the company in coping with the pandemic and ensure business operations, minimize the impact of COVID-19, and providing full support to the government in their efforts to combat the disease and help the front-line workers.

CONCLUSION

The market is expected to decline due to increased restrictions imposed by various governments leading to the closing of non-emergent healthcare facilities, including procedures such as neurorehabilitation procedures.
It can be concluded that the COVID-19 pandemic situation has an adverse impact on the market, affecting the price, supply, and demand of neurorehabilitation devices. However, in the crisis call, market players, government bodies, and healthcare organizations are work closely with healthcare professionals, customers, and patients for the betterment of public health. The increasing need of neurorehabilitation devices with increasing number of neurological diseases is expected to drive the market in coming years.
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Significant COVID-19 Impact on Juvenile Polyposis Treatment in Pharmaceutical Industry
COVID-19 Impact on Juvenile Polyposis Treatment in Pharmaceutical Industry The first case of the COVID-19 pandemic was found in Wuhan, China. This pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its highly infectious and contagious nature and the lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be face d by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, South America, and Africa up to the Middle East. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread worldwide. The outbreak of COVID-19 has had a great impact on the healthcare and pharmaceutical industries and a major impact on the global juvenile polyposis treatment market. Juvenile polyposis syndrome is a genetic disorder characterized by the growth of polyps along the gastrointestinal tract lining. Juvenile polyposis treatment can be done in two ways. When many polyps are present, surgery may be done to remove a part of the stomach or intestine. When there are fewer polyps, they can be removed during endoscopic examination. The decreasing number of surgical and non-surgical procedures during the pandemic will negatively affect the growth of the global juvenile polyposis treatment market. PRICE IMPACT The COVID-19 had a terrible impact on the global economy. Many establishments were forced to remain shut while others had to scale down their operations or put on hold expansion plans as they tried to survive the unprecedented crisis. 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COVID-19 Impact on Periodontitis in Healthcare Industry Overview The COVID-19 pandemic has posed immense pressure over the healthcare industry and proved to be an unprecedented challenge to global healthcare companies. The COVID-19 pandemic has deprived hundreds of medical services and hindered several ongoing clinical trials. With the introduction of COVID-19 vaccines, new COVID-19 infections have declined, but the attack of mutant corona strain and second COVID-19 wave has led to the overall increase in mortality rate and again badly affected the healthcare industry, among others. Moreover, the upcoming delta strain of the COVID-19 virus, which has affected Singapore, Indonesia, and France, is expected to hamper the market's growth in the future. The most common symptoms associated with coronavirus disease include cough, fever, diarrhea, sore throat, and loss of smell or taste. 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IMPACT ON PRICE The outbreak of the coronavirus disease pandemic (COVID-19) is on the increase and is disrupting lives around the world. Lockdowns, isolation, and widespread closures are being implemented to slow the spread of the virus to millions of lives saved. Vaccination is going on at an accelerated pace so as to deal with such debilitating viral diseases. Several countries are facing a multi-layered crisis, including strains on health systems, among others. With the sudden increase in COVID-19 cases, the people's concerns for their better health have also increased, and the link between oral health and COVID-19 infection also expand the health to oral. The Asian healthcare industry heavily relies on medical devices manufactured in China, which significantly impacts costs as medical devices are not properly available. 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These factors have forced market players to strengthen further business continuity, manufacturing facilities, and the global supply chain. The rising awareness of oral hygiene amidst the COVID-19 pandemic has increased the demand for a product required for oral care. The increasing studies for SARS-COV-2 indicated that proper oral hygiene had been reported to decrease infection chances, increasing the demand for mouth care products. However, due to restrictions and aims to reduce COVID-19 transmission, 30% of respondents had visited a dentist less frequently during the pandemic. For instance, · In March 2020, Zimmer Biomet reported a significant and sudden global drop in the volumes of elective procedures. As a result, based on preliminary unaudited financial results, Zimmer Biomet estimated that revenue growth for the first quarter of 2020 would be approximately -9.5 to -10.5% on a reported basis and -8.5 to -9.5% on a constant currency basis compared to the first quarter of 2019. The company is engaged in manufacturing dental implants and dental membranes, and the closure of dental practices has impacted the overall company's sales Zimmer Biomet expects the decline in volumes of elective procedures seen in the first quarter to continue to have a significant negative impact in the second quarter of 2020. Given the continuing uncertainty, the company is currently unable to quantify the impact on its operating results, its financial situation, and its cash flows, which could be significant for 2020. The impact of COVID-19 has dramatically decreased the number of patients who go for dental procedures, including periodontitis treatment, as there is a high chance of adverse health effects of COVID-19. IMPACT ON SUPPLY Various companies are facing a large number of challenges due to the coming of the novel coronavirus. One such issue is the uncertainty surrounding the impact of COVID-19 on medical device industry supply chains. Amalgamation is expected in the dental industry. Manufacturers of large dental products can engage in small businesses. Dental firms involved in supply chain distribution can diversify by producing additional consulting firms or dental equipment and supplies. The companies are at risk, and the ability to retain independent agents and distributors who sell their products depends on a limited number of suppliers for key raw materials. Up till now, dentistry has been facing its darkest hour because of the growth and spread of the coronavirus pandemic. Dental clinics all over the U.S. have been closed for more than two months. Given that the pandemic is still on the growth curve, there is no revival hope anytime soon. It thus signifies that due to continuous lockdown and several restrictions by government authorities, the companies and patients are facing disruption of the supply chain for oral care. However, oral care is categorized under essential care, which lowers the effect of supply chain disruption during COVID-19. STRATEGIC DECISIONS OF MANUFACTURERS Collaboration, agreements, strategic initiatives, and product launches by market players will help them expand their product portfolio and provide appropriate products to the consumer. It will lead to increased product sales and, hence, will positively impact the overall company's revenue. · The COVID-19 has negatively impacted the dentistry market. According to the Health Policy Institute (HPI) March 23 survey report, except for emergency patients, 76 percent of dental practices were closed, 19 percent were completely closed, and 5 percent were open despite the decline. In the week of April 6, 79 percent of dental practices were closed, except for emergency patients, 16 percent were completely closed, and three percent were open despite a decrease in the number of patients During this time of COVID-19 challenge and disruption, Zimmer Biomet, Dentsply Sirona, among others, is adopting several steps to maintain their position in the market and continuously attain lucrative growth. For instances, · Zimmer Biomet has positioned the company to help healthcare systems, clients, and patients now. It has adopted steps to further strengthen the business continuity across its manufacturing facilities and overall supply chain, manufacturing modulation production · Dentsply Sirona has also stated that the company is closely monitoring its global manufacturing sites and raw material supply chains to avoid product delivery delays. Moreover, the company is taking appropriate precautions and implementing safety protocols in order to protect its employees in the context of COVID-19. The company has also launched an illness prevention and awareness intranet site for providing support and guidance to its employees Moreover, by keeping in mind the rising prevalence of periodontitis, market players are adopting initiatives to fulfill patient's and professional's demands. Thus, companies operating in the periodontitis market are adopting several strategies, including agreements and market expansion, thereby enhancing their business. These strategic decisions by the companies are expected to provide significant opportunities for the market players operating in the oral care market. CONCLUSION As the pandemic of COVID-19 has resulted in several restrictions throughout the borders, manufacturers of periodontitis products can still manage their stocks. Various manufacturers have allowed their employees to work in a clean and safe environment to boost the production of essential products at various manufacturing facilities across several regions of the world, helping them maintain a continuous supply chain. However, decreased patient visits have impacted the market, but the rising demand for periodontitis treatment leads to continuous demand for dental implants. Moreover, by raising the prices, the companies are gaining extra profit, helping them combat the negative effect on overall revenue.
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So your fur-baby is getting a little scruffy. Professional pet grooming is very expensive and sometimes you will not get the desired results that you wished. Home pet grooming is getting popular but maybe only for quick and easy care. The question asked most by beginner pet parents is - Where do I get pet grooming supplies? As you will need a Pet Grooming Hammock Helper a variety of clippers, scissors, brushes, and combs. The supplies you need vary with the type of dog you have and whether that dog has long or short hair. The thickness of the coat is important because some clippers may cause pain or irritation to your animal. A lot needs to be considered before you start. Pet grooming supplies can be found at your local but veterinarian. Here you can find clippers, nail clippers, and even small, little clippers that can cut ear hair. This is not your best bet concerning the expense. The veterinarian usually has a high markup in all their pet grooming supplies. The advantage is that you will find but veterinarian close to your home and will not have to mail order or order the supplies of the Internet. You might want to call ahead to make sure that your but veterinarian has the proper pet grooming supplies for your breed of dog. Different breeds sometimes require different supplies, and if you have a rare breed for that area of the country in which you live, it may be hard to find the proper grooming equipment. If you're looking for more value, and a larger selection, many online pet supplies store exists. Some offer next-day air and though the shipping cost might be expensive, the quality of the product and the assurance that the product specifically meets your pet grooming needs is worth the cost. Also, many provide free shipping across India directly to your doorstep in 3-5 days. Some also offer cash on delivery. Online pet shop sites offer tips on grooming your pet, and they also offer ways to try different styles and cuts. The online pet grooming sites also offer a variety of products like shampoos, conditioners, and products that remove major animal infestations like fleas, ticks, or other vermin. If you live in a large urban city, there are plenty of pet stores that offer pet grooming supplies as well as other pet supplies. These local pet stores also might have professional groomers, which you can make an appointment with. Some have a walk-in policy and why others need an appointment well in advance. You can get advice on pet grooming that physically fits your dog's breed, size, and air quality. Generally, they should also have a large assortment of shampoos, brushes, clippers, and scissors. No matter where you wish to buy your pet supplies either through an online pet shop or local pet store, make sure that they are tailored to fit your pet. A wrong clipper attachment can cut the hair too short. This will leave your pet scan in danger of sunburn or when burning. With proper grooming, your pet will lead a healthy and more emotionally safe life.
Refurbished Medical Equipment Market is Set to $21.2 billion by 2025
The growth of the global refurbished medical equipment market can be attributed to factors such as hospital budget cuts, a large inventory of used or old medical devices, rising demand for capital-intensive diagnostic imaging equipment, e-commerce platform enhancing the ease of purchase of refurbished medical equipment, growing preference for eco-friendly products, an increasing number of diagnostic centers & hospitals, and the growing opportunities in emerging economies.  However, factors such as stringent regulations on the import and use of refurbished medical devices in certain countries, lack in the standardization of policies for the use & sale of refurbished devices, increase in the influx of low-cost new medical devices, and the negative perception about the quality of refurbished medical devices are expected to restrain the market growth. Furthermore, the growth of the market is expected to be slowed temporarily due to the COVID-19 pandemic during the forecast period.  The refurbished medical equipment market is segmented into medical imaging equipment, operating room & surgical equipment, patient monitors, cardiology equipment, urology equipment, neurology equipment, intensive care equipment, endoscopy equipment, IV therapy systems, and other medical equipment.  Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=770 The rising demand for diagnostic imaging procedures, the high price of new medical imaging equipment, a growing number of target diseases, widening application of diagnostic imaging procedures, regulatory approvals in using refurbished medical equipment, low purchasing power in emerging economies, and established & government validated refurbishment processes adopted by major OEMs are factors expected to drive the growth of this market segment in the coming years.  The hospitals' segment accounted for the largest share of the market in 2019. The rising adoption of refurbished medical equipment, increasing focus of hospitals on providing affordable treatment and care, and growing emphasis on high returns on investment are some of the key factors driving the growth of this market.  The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the large patient pool in the region, increasing privatization in the healthcare sector, huge patient population base, and high demand for refurbished medical equipment by low-budget hospitals and clinics.  Research Developments 1. In 2020, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) have signed a 15 years contract that can be extended by another 10 years to provide comprehensive services for the latest imaging equipment at Hamilton Health Sciences hospitals in Canada. The deal size was approximately USD 192 million. 2. In 2019, US Med-Equip (US) acquired Medical Support Products (US) to increase the capability, national expansion, and provide greater product and service solutions across the US. 3. In 2019, Avante Health Solutions opened a new Charlotte facility in North Carolina, US. This will house three business divisions of the company viz., Avante Diagnostic Imaging, Avante Oncology, and Avante Ultrasound. 4. In 2018, Koninklijke Philips (Netherlands) acquired AGITO Medical (Denmark), strengthening its refurbished medical equipment portfolio of products, parts, and services. 5. In 2017, US Med-Equip  (US), and the Owner-Research group (US) signed a partnership to augment the economy and medical equipment products and services across hospitals in the US.
Urology Devices Market worth $46.4 billion by 2026 - Exclusive Report by MarketsandMarkets™
According to the new market research report "Urology Devices Market by Product ((Dialysis, Endoscopes, Lasers, Lithotripsy, Robotic System), (Guidewires, Catheters, Stents)), Application(Kidney Diseases, Urological Cancer, BPH), End User(Hospital, Dialysis Center, Homecare) - Global Forecast to 2026", published by MarketsandMarkets™, the market is projected to reach USD 46.4 billion by 2026 from USD 38.0 billion in 2021, at a CAGR of 4.1%. Browse in-depth TOC on "Urology Devices Market" 122 – Tables 36 – Figures 198 – Pages Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173062212 The rising incidence and prevalence of urological conditions drives growth in the urology devices market, growing preference for minimally invasive procedures, and the growing number of hospitals and investments in endoscopy and laparoscopy facilities are among the other factors. Emerging economies such as China and Japan are providing lucrative opportunities for the players operating in the market. The instruments segment accounted for the largest share of the urology devices market, by product segment, in 2020 Based on product, the market is segmented into instruments and consumables & accessories. The instruments segment accounted for the largest share of the market in 2020. This segment includes dialysis devices, endoscopes, laser and lithotripsy devices, robotic systems, endovision and imaging systems, insufflators, endoscopy fluid management systems, and urodynamic systems. The dialysis devices segment accounted for the largest share of the urology instruments market in 2020. The large share of this segment can be attributed to the growing patient pool of CKD due to the rising geriatric population. Urological cancer and BPH segment to register the highest growth rate during the forecast period The urology devices market is segmented into kidney diseases, urological cancer and BPH, pelvic organ prolapse, and other applications based on application. In 2020, the urological cancer and BPH segment accounted for the highest growth rate. This can be attributed to the rising incidence of urological cancers coupled with the growing number of cancer-related surgeries. The hospitals, ASCs, and clinics segment accounted for the largest share of the urology devices market, by end user segment, in 2020 Based on end users, the market is segmented into hospitals, ASCs, and clinics; dialysis centers; and home care settings. In 2020, the hospitals, ASCs, and clinics segment accounted for the largest share of the market. The improving healthcare infrastructure in developing countries such as India, the rising number of target procedures, and the rising number of surgeries are the major factors driving this segments growth. Request Sample Pages: -https://www.marketsandmarkets.com/requestsampleNew.asp?id=173062212 North America is the largest regional market for urology devices market the market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the urology devices market. The large share of this region can be attributed to the increasing healthcare expenditure, highly developed healthcare systems in the US and Canada, and increasing prevalence of chronic and lifestyle conditions. The major players operating in this urology devices market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Stryker Corporation (US), KARL STORZ (Germany), Cook Medical (US), Intuitive Surgical (US), Medtronic plc (Ireland), Cardinal Health (US), Teleflex Incorporated (US), Richard Wolf GmbH (Germany), CompactCath (US), Dornier MedTech (Germany), Nikkiso Co., Ltd. (Japan), Balton Sp. z o.o. (Poland), Dialife SA (Switzerland), Maxer Endoscopy GmbH (Germany), Vimex Sp. z o.o. (Poland), Amsino International, Inc. (US), ROCAMED (Monaco), Well Lead Medical Co., Ltd. (China), Medispec (US), Medical Technologies of Georgia (Georgia), EndoMed Systems GmbH (Germany), Hunter Urology (England), J and M Urinary Catheters LLC (US), and Ribbel International Limited (India). Browse Related Reports: Urinary Catheters Market by Product (Indwelling, Intermittent, External), Type (Coated, Uncoated), Application (Urinary Incontinence, Benign Prostate Hyperplasia, General Surgery), Usage (Male, Female), End Users (Hospitals) - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/urinary-catheter-market-132934629.html
Significant COVID-19 Impact on Hearing Aids in Healthcare Industry
COVID-19 Impact on Hearing Aids in Healthcare Industry The COVID-19 has affected the global hearing aids market. The persistence of COVID-19 for a longer period increased the demand for hearing aids services across the global region. During, COVID-19 pandemic, the countries were expecting a large number of patients with the impaired hearing which results as one of the symptoms of COVID-19 disease. Moreover, the increased geriatric population across the globe with the hearing inabilities due to their age is a major factor driving the global hearing aids market. The rising number of patients suffering from hearing inabilities and hearing loss coupled with the increasing demand for the advanced level and effective technology hearing aids to provide to the patients will boost the growth of the market. The demand for hearing aids for the patients which is a rare symptom of COVID-19 has overall decreased during the COVID-19 crisis. IMPACT ON THE DEMAND OF THE GLOBAL HEARING AIDS MARKET The global hearing aid market was negatively impacted by the pandemic. The hearing care industry is dependent on close customer contact. Due to stringent precautionary measures announced by the government, close human contact was discouraged or required special measures in the clinics and the audiology shops. As a result, less severe hearing loss-related procedures were delayed during the pandemic which impacted the sales of hearing aids. Despite these challenges, manufacturers implemented measures to meet the high demand for timely professional hearing care. Due to product innovation and re-inventing supply chain, major players in the hearing aids market were able to sustain demand and cater to the hearing healthcare market even during the pandemic. INITIATIVES BY THE MANUFACTURERS: There are some important initiatives taken up by the key market players to overcome the COVID-19 impacts on the current market scenario. Some of them include the launch of technologically advanced devices in the global market to meet the growing demand for hearing aids. For instance, In 2020 GN hearing launched Resound ONE that solves one of the most enduring challenges for people with hearing loss. This solution places an additional microphone inside the ear canal with a microphone and receiver in-ear design that uses the unique shape. Manufacturers are trying to meet the growing demand and improving their product portfolio to acquire a larger market share by launching new products that are preferred by the consumers. For instance, · In January 2021, Oticon Inc launched Oticon More, a new hearing aid that builds on the company’s proven brain hearing approach to provide the brain optimum input for better speech understanding with less approach. · In March 2020, Widex launched the moment hearing device. The widex moment has the classic widex signal pathway which is paired with a second ultra-fast signal pathway that adds extra gearing to the platform. Therefore, these innovative launches made by the manufacturers across the market during the COVID-19 and post-pandemic period are expected to increase their sales and revenue by meeting the growing demands of the patients in the market. IMPACT ON THE SUPPLY CHAIN Although there was a demand for hearing aids among consumers around the globe region due to the increasing hearing loss, the COVID-19 has disrupted the supply chain as well as consumer’s willingness to adopt elective healthcare. The COVID-19 has negatively impacted the market supply chain due to the lack of labor and transportation of the raw materials. Due to the sudden outbreak of the COVID-19 pandemic, the governments in the world have declared a strict lockdown to control the spread of disease. This has majorly affected the supply chain as there is not sufficient labor in the manufacturing facilities, resulting in the lack of hearing aid products in the market. Due to the sudden burden of lockdown, the raw materials have not been shifted from the source places by causing a severe scarcity of raw materials for the manufacturers. This has affected the export of hearing aid products to other needful countries. However, in the post lockdown period, the manufacturers have recovered from the scarcity of the raw materials and resumed production. CONCLUSION The sudden onset of the COVID-19 pandemic has resulted in negative impacts on the supply chain of the global hearing aids market. The COVID-19 has caused lots of health issues including the hearing inability in rare cases which increased demand for hearing aids. This is positively impacting the growth of the global hearing aids market as there is an increasing geriatric population around the globe with common hearing problems. However, the increase in the hearing inability diseases among the population due to various reasons such as noise pollutions, genetic disorders among others has increased the demand for hearing aids even in the COVID-19 pandemic.
Oxygen cylinder vs oxygen concentrator
In case you have been pondering the possibility of acquiring an oxygen concentrator at home, there are several benefits that you should know about. O2 nasal cannula treatment is a common treatment for people with COPD, congestive heart failure, or other state-of-the-art respiratory conditions. Just when a constant illness disables the limit of the lungs, it is mandatory to pass a kind of cleaner breathable air. The highest convergences of oxygen are transported by a nasal cannula or a shroud. When you get the rental and purchase oxygen concentrator, it can commonly go by around five or six LPM. And the flow rate of the O2 machine is quite continuous and can help in the recovery of the patient. O2 cylinders have been around for quite some time and can provide increased flow rates for patients who need to wear a cover, although the cylinder must be continually replaced with another. Patients who need help breathing throughout the day can go through a couple of cylinders each week, and transporting cylinders is really difficult. A home oxygen concentrator, in any case, uses the air in the room and thus does not need another concentrator supplement. Any other reason why you should avoid using oxygen cylinders : Reliable supply - People who get their pure breathing air from the room are less subject to recharge load. but at one point the oxygen cylinder took advantage of the power outage. When the power outage occurs, the only portable oxygen concentrator can work, but the non-portable oxygen machine cannot work without electricity. so at that moment only the cylinder works. Easy transportation -  If we compare the transportation of the oxygen machine and the oxygen cylinder, the transportation of the oxygen machine is easy compared to the cylinder. Because when you leave home, the cylinder is not easy to carry in the car and other vehicle, but the portable oxygen concentrator is only made for travel. Safety Purpose - A leak in the metal frame of the gas cylinder can cause a room with a lot of O2, increasing the risk of fire. Filled compartments are not safe in view of the measurement of the pressure factor inside. In the event that the neck of the cylinder holder breaks or becomes wet from a fall or other effect, the gas canister could turn into a shot, similar to a torpedo or rocket. Erratic directions of cracked gas compartments can cause extreme injury. A home oxygen concentrator does not develop pressure or have a similar potential to become a hazard. From lgrespicare
India Plant Protein Market Experienced A Positive Growth In CAGR
The plant-based protein market in India has been recording a strong growth in recent quarters across segments such as dairy alternatives, supplement products, meat substitutes, and processed products. The growth is mainly driven by the rising purchasing power of lower and middle-income families, increasing demand for gluten-free and lactose-free products. It is expected that increasing number of youths going to gyms, fitness clubs, and growing health consciousness especially among GenZ and millennials is likely to drive the market growth in the short to medium term. With the growing fear of coronavirus infection, people are increasingly avoiding the consumption of animal products across the globe. The trend is also evident in the Indian market. Additionally, the contagion is also galvanizing the demand for herbal foods and beverages as an immunity booster. As a result, shifting consumers’ preference from animal products to plant-based protein during the ongoing pandemic is creating growth prospect for the Indian plant-protein market. The growing awareness of animal cruelty is another key driver for the plant-based products in India. The surge in social media videos showing cruelty inflicted on animals in meat and dairy industries is one of the reasons, millennials and Gen Z are shifting towards meatless meat products. The growing awareness and demand for innovative plant-based protein are creating opportunities for the ever-growing startup ecosystem in India. The plant protein market is still in a nascent stage in its development and therefore several startups are entering into space. To establish their presence in the Indian plant protein market, small businesses are moving faster and raising funds for product innovation and development. The growing sales of plant-based meat and dairy products in restaurants and foodservice channels are also supporting the market. With the rising demand, more retailers around the country are expected to introduce private label products in the market. Retailers like Reliance Fresh, D-Mart, and Big Bazaar are already providing shelf space to plant-based products from different brands including Chetran Foods. The plant protein market in India has recorded a strong growth with a CAGR of 36.1% during 2018-2020. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, plant protein in India is gaining traction among health-conscious consumers in recent years. Large consumer food companies are launching plant-based alternatives to cater to the changing consumers' preferences. New product developments and a rising number of product launches in this segment are changing the overall outlook of the plant protein industry. The market growth has been also fueled by the ongoing COVID – 19 pandemic. The demand for plant protein products is expected to increase significantly over the short to medium term. Plant protein industry is expected to continue to grow in India over the forecast period. It is expected to record a CAGR of 29.0% during 2021-2027. The plant protein consumption in the country will increase from US$ 568.3 million in 2020 to reach US$ 3490.0 million by 2027. Scope This research report provides in-depth analysis of plant protein industry in India, providing white space / gap analysis, product innovation, product claims analysis, and brand share analysis, competitive landscape, market size across 50+ segments. Below is the taxonomy, providing detailed scope of coverage. India Plant Protein Market Dynamics – Strategy & Innovation • Competitive Landscape Snapshot • White Space / Demand Gap Analysis by Product Category • Brand Share by Product Category • Key Innovative Launches • Insights on Market Dynamics India Plant Protein Market Size by Ingredients • Soy • Pea • Beans & Lentils • Hemp • Flaxseed, Pumpkin & Other • Brown Rice • Quinoa • Spirulina & Seaweed • Nuts • Other India Plant Protein Market Size by Product Categories • Nutrition Supplements • Protein Bars • Sports Nutrition • Meal Alternative • Dairy Alternatives • Meat Alternatives • Bakery Products • Infant Formulas • Other India Plant Protein Market Size by Functional Segments • Ready to Mix • Ready to Eat • Ready to Drink • Ready to Cook India Plant Protein Market Share Analysis by Sales Channels • Online • In-Store India Plant Protein Market Share Analysis by Type of Retail Outlet • Pharmaceutical & Medical Store • Grocery Retailers • Health and Wellness Stores • Specialist Sports Store India Plant Protein Market Size by Retail Sales Pricing • Premium • Mid-Tier • Low End India Plant Protein Market Size by Cities • Tier 1 Cities • Tier 2 Cities • Tier 3 Cities India Plant Protein Consumption by Demographics • Age • Gender • Income Key Plant Protein Brands in India (based on consumer popularity) • Borges • CAFE HOUSE • CLIF BAR • Cowvathi • Dabur • Del Monte • Dr. Berg’s • EAT Anytime • Edward & Sons • Flex Protein • GoodDot • Goodmylk • Granarolo • HealthOxide • Kapiva • Kivu • Life Roots • Mili • Mimmo Organics • Mojo Bar • MuscleBlaze • MyFitFuel • MyProtein • Naturade • Natures Velvet • Now Foods • Nusobee • Olena • Optimum Nutrition • OZiva • Pintola • Plant Power • Plix • Protinex • RiteBite - Max • Sain • Sampoorna Satwik • Similac • So Good • Sofit • Soyfit • SoyFresh • STRIVE • The Good Food Company • True Elements • True Supplements • Urban Platter • Vega • VegOChef • Wellversed • Yogabar Read full story @ https://bit.ly/3ALYkQ4
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Industry Trends, Growth and Analysis For Healthcare Fraud Analytics
Fraud analytics is the efficient use of data analytics and related business insights developed through statistical, quantitative, predictive, comparative, cognitive, and other emerging applied analytical models for detecting and preventing healthcare fraud. The global healthcare fraud analytics market is projected to reach USD 5.0 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 26.7% during the forecast period. Market growth can be attributed to a large number of fraudulent activities in healthcare, the increasing number of patients seeking health insurance, high returns on investment, and the rising number of pharmacy claims-related frauds. However, the dearth of skilled personnel is expected to restrain the growth of this market.  The global healthcare fraud analytics market is facing a plethora of challenges. Travel bans and quarantines, halt of indoor/outdoor activities, temporary shutdown of business operations, supply-demand fluctuations, stock market volatility, falling business assurance, and many uncertainties are somehow exerting a partial negative impact on the business dynamics.  Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221837663 The healthcare industry has been witnessing a number of cases of fraud, done by patients, doctors, physicians, and other medical specialists. Many healthcare providers and specialists have been observed to be engaged in fraudulent activities, for the sake of profit. In the healthcare sector, fraudulent activities done by patients include the fraudulent procurement of sickness certificates, prescription fraud, and evasion of medical charges.  A couple of reasons contributing to the growth of the health insurance market include the rise in the aging population, growth in healthcare expenditure, and increased burden of diseases. In the US, the number of citizens without health insurance has significantly decreased, from 48 million in 2010 to 28.6 million in 2016. In 2017, 12.2 million people signed up for or renewed their health insurance during the 2017 open enrollment period (Source: National Center for Health Statistics).  This growth is aided by the increasing affordability of health insurance for the middle class in this region and the rising awareness regarding the benefits of health insurance. In the UAE, as per a new regulatory policy (2017), any citizen residing and working in the UAE needs to be insured medically.   Major players in this market include IBM Corporation (US), Optum, Inc. (US), Cotiviti, Inc. (US), Change Healthcare (US), Fair Isaac Corporation (US), SAS Institute Inc. (US), EXLService Holdings, Inc. (US), Wipro Limited (India), Conduent, Incorporated (US), CGI Inc. (Canada), HCL Technologies Limited (India), Qlarant, Inc. (US), DXC Technology (US), Northrop Grumman Corporation (US), LexisNexis (US), Healthcare Fraud Shield (US), Sharecare, Inc. (US), FraudLens, Inc. (US), HMS Holding Corp. (US), Codoxo (US), H20.ai (US), Pondera Solutions, Inc. (US), FRISS (The Netherlands), Multiplan (US), FraudScope (US), and OSP Labs (US).  Research Developments Analysis 1. In January 2019, LexisNexis Risk Solutions collaborated with QuadraMed to enable patient identification capabilities and reduce the number of duplicate identities & fraudulent claims. 2. In August 2018, Verscend Technologies acquired Cotiviti Holdings. This acquisition helped improve the affordability of fraud detection solutions. 3. In June 2018, SAS Institute & Prime Therapeutics LLC teamed up, enabling Prime Therapeutics to utilize SAS’s analytic capabilities to combat the opioid crisis in the US