Global Healthcare Business Intelligence Market Forecast 2021-2026
The Global Healthcare Business Intelligence Market Forecast 2021-2026
By End-User Industry.
Enteral feeding devices for home care in Latin America: A study of the prevalence of gastrointestinal disorders in Brazil
The home care segment captured 47% of the market share of enteral feeding devices in 2020, driven by its safety, ease of service, efficacy and correct quantity of nutrition dispensed. The safety of the enteral pump for example has advanced with the introduction of novel closed systems to decrease the risk of microbial contamination and inappropriate administration that are more user-friendly. The rising demand for home care for the elderly population has improved nutritional support through enteral feeding. Additionally, the increasing awareness related to the use of enteral feeding tubes, the growing requirement for proper nutrition and the substantial increase in per capita income is predicted to fuel demand for home care-based services. As a result, the growing preference for home care treatment mode will boost the market value during the forecast period. In 2020, Brazil dominated the enteral feeding devices market in Latin America and is forecast to exceed USD 290 million by 2027 due to the increased prevalence of chronic diseases such as neurological and gastrointestinal disorders, growing diseased population requiring enteral feeding and improving healthcare infrastructure in the country. The World Journal of Gastroenterology conducted a study to assess the prevalence of gastrointestinal disorders in Brazil. As per the study, over 21% of the participants reported gastrointestinal disorders. In addition, approximately 1 as of 2016 5 million people in Brazil were suffering from dementia and the growth in dementia cases was significant with 98% increase in the past 10 years. A high number of people suffering from these chronic diseases would require enteral nutrition to meet their daily nutrition needs.
Growth of Smart Transportation Market in 2021
Based on transportation mode, the smart transportation market is broadly classified into roadways, rail, airways and maritime transport. In 2021, the – roadways segment is expected to command the largest share of the global smart transportation market. Growing demand for better and sustainable roadways, progressive demand for safe transportation and better road management, government initiatives for smart roads and the growing trend towards adoption of smart cities is expected to drive market growth. However, the railway segment is expected to grow at the highest CAGR during the forecast period. The growing demand for smart railway solutions, offering safety, reliable advanced services and operational efficiency to passengers has been accelerated by the progressive trend of globalization and urbanization. The rise in number of rail accidents has also increased the need to implement smart sensor technologies in railway trains, which detect defective bearings, wheels and railway tracks to prevent accidents. Then several local governments are encouraging initiatives and implementing advanced technologies for the improvement of smart railway systems, which are in turn driving the market growt are encouraging initiatives and implementing advanced technologies for the improvement of smart railway systems, which are in turn driving the market growth.
The growth of smart transportation can be predicted with increasing adoption of automated driving systems and increasing adoption of electric buses, which will create a trend of increasing number of vehicles on the road.
Growth of smart transportation market is expected to increase from the revenue of US $ 9. 2 billion in 2017 to US $ 29. 8 billion in 2021. The market size is estimated to reach US $ 45. 9 billion in 2020, which is expected to be around US $ 40. 2 billion by 2021.
Smart Transportation Market is segmented on the basis of application, vehicle type, end-user, application, end-user.
The Smart Transportation Market is segmented according to vehicle type into smart vehicles, self-driving cars, autonomous vehicles, passenger buses, and others. On the basis of application, the market is segmented into public transportation, commercial vehicle, taxi, and others.
On the basis of end-use, the market is segmented into passenger transport, commercial transportation, freight, and others.
Growth of the market is observed during the forecast period of 2017-2021.
For example, the increased adoption of smart vehicles has enabled the growth of the market for commercial vehicles, which is expected to be the fastest growing segment throughout the forecast period of the market.
On the basis of end-use, the market is segmented into passenger transportation, commercial transportation, freight, and others.
The growth of the commercial transportation and freight segment is primarily attributed to the increased number of customers in developing markets.
On the basis of application, the smart transportation market is segmented into public transport, commercial vehicle, taxi, and others.
Public transportation is currently dominating and is expected to remain the most segment of the market throughout the forecast period. Commercial vehicle is the second most prominent segment with a market share of around 15.
On the basis of application, the public transportation vehicle segment is the fastest growing with a market share of US$ 28. 4 billion in 2017, up from US$ 25. 5 billion in 2016.
The rapid growth of the commercial transportation market is attributed to increased customer awareness among users and increased number of new customers on the roads.
On the basis of end-user, the taxi segment is the largest and is expected to remain the most in the forecast period by virtue of taxi service.