Cutting-Edge Reports on Markets Driven by COVID-19
10 Jun 2020 • by Natalie Aster
LONDON – The new coronavirus infection (aka COVID-19) is spreading very fast across the globe and is having a devastating effect on various economic and social sectors. Market Publishers has prepared a selection of the latest research reports analyzing the markets that are propelled by the outbreak of COVID-19. Discover up-to-date information on a number of markets that are driven by the COVID-19 pandemic in the in-demand research studies prepared by our research partners:
The world’s telehealth market is anticipated to demonstrate an uptake at a 16.9% CAGR in the next 5 years, encouraged majorly by the rising need to expand healthcare access, increasing prevalence of various chronic diseases, a shortage of physicians, remarkable advancements in telecommunications, and also favourable government initiatives. By the year 2025, the value of the global telehealth market is poised to amount to USD 55.6 billion. The software & services segment (on the basis of components) is slated to grab the largest market share as well as register the highest CAGR through 2025. Meantime, among the regional markets for telehealth, the highest growth rates in the forecast period are anticipated in APAC…
The world’s ambulance services market is supposed to reach the value of USD 31.8 billion by the year 2025, registering a 4.9% CAGR in the next 5 years. Robust growth of the ambulance services market is attributed to the rapidly increasing geriatric population along with the rising prevalence of chronic diseases like cancer and diabetes, as well as complex medical needs. Moreover, a growing number of alcohol and mental health problems, an increased rate of road accidents along with the soaring incidence of new coronavirus are other significant market growth drivers…
Service robots find widespread acceptance among various professional and personal applications due to undeniable benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs, and human errors. Last year, the value of the global service robotics market reached USD 17 billion. This market is poised for further growth in the coming years, spurred by the rising adoption of service robots owing to high labor costs, lack of skilled workforce, increasing R&D investments, enhancing awareness of the benefits of service robots, and increased demand for automation among professional and personal sectors. Meantime, high initial investments and escalating concerns for human safety may restrict the growth of the market to some extent. Besides, the novel coronavirus (COVID-19) has heightened the interest in robots, drones, and artificial intelligence, as these technologies can help to deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment…
During 2020-2027, the world’s online education market is supposed to increase at a CAGR of 12.68%, spurred by the rising penetration of internet and digital technologies. Moreover, the soaring adoption of virtual reality and augmented reality technologies, which help to leverage the quality of online education, coupled with the growing investments from educational institutes for shifting to digital education platforms will also boost the growth of the global online education market in the coming years. By the year 2027, the global online education market is forecast to come to USD 54.05 billion…
Remote Patient Monitoring Market
The worldwide market for remote patient monitoring is projected to grow at a 14.94% CAGR through 2027, driven by such factors as the increasing incidence of cardiovascular disorders and diabetes, favorable government policies, growing funding for R&D, notable advancements in the healthcare industry, and the expanding adoption of remote patient monitoring services…
Global sales of hand sanitizers have been significantly growing over the years, and the market is driven majorly by the growing awareness among the consumers about the need for hygiene which would help to prevent the spread of contagious diseases. Periodic outbreaks of various infections, for instance, Avian flu, Swine flu, SARS, Ebola virus, and the new virus COVID-19, act as a major factor boosting the demand for hand sanitizers, globally. The world’s hand sanitizers market is slated to exhibit growth at a 12.3% CAGR during 2020-2026, and will likely come to the value of USD 3.65 billion by the end of the forecast period…
The rapid urbanization of the entire globe coupled with the escalating demand for additional advanced safety solutions drives robust growth of the world’s thermal scanners industry, which is slated to exhibit a 10.3% CAGR during 2020-2025. By the year 2025, the value of the global thermal scanners market is projected to reach USD 6.7 billion. Besides, the important market drivers include the mounting demand for mass screening thermal scanners at airports, rising government investments in the aerospace and defense industries, extensive R&D expenditure by businesses, governments and capital firms in the production of advanced thermal scanning technologies, and the increasing usage of thermal scanners in the automotive industry. Moreover, the recent outbreak of the new type of coronavirus infection (COVID-19) across the globe also boosts the demand for thermal scanners to instantly screen for high fevers in crowded areas…
In the short-term, the outbreak of COVID-19 might have a positive impact on the gaming sector, as people forced to stay at home look for ways to entertain themselves. Thus, in February 2020, the app analytics firm Sensor Tower recorded a 39% increase in global mobile game downloads. Popular title Honor of Kings by Tencent Games hit an all-time high for daily average users during the last week of January 2020. However, the medium to long-term picture may not be so optimistic: several major trade events in the industry’s calendar (for instance E3, the year’s biggest gaming show which normally takes place in June) have been canceled…
The global anti-pollution mask market crossed the value of USD 3.26 billion last year. The increasing investments by leading mask manufacturers (such as 3M, Honeywell, Cambridge Mask, Vogmask) in offering masks with N95 filters along with the soaring demand backed by the new coronavirus outbreak (COVID-19) acted as the major market growth engines. Among regions, Asia-Pacific commanded the largest share in the global anti-pollution mask market in 2019…
Presently, the global medical suppliers market is driven primarily by the skyrocketing demand for disinfectants (backed by the enhancing awareness of personal hygiene during the COVID-19 outbreak) along with the increasing use of PPE and N-95 masks to safeguard patients, healthcare professionals and general public, and increasing demand for ventilators and diagnostic suppliers…
In the wake of the COVID-19 pandemic, rising incidence of chronic obstructive pulmonary disease (COPD), increasing incidence of respiratory emergencies, and technological innovation in respiratory care devices, the global market for mechanical ventilators is poised to continue gaining momentum at a 3.7% CAGR in the next 7 years. In 2027, the market value is slated to reach USD 21.9 billion. According to WHO estimates, appr. 90% of COPD deaths occur in low- and middle-income countries. Therefore, the rising prevalence of such diseases and expanding availability of portable cost contained and easy-to-use mechanical breathing machines for the treatment of respiratory conditions are set to boost the demand for mechanical ventilators across the globe…
Contactless Biometrics Technology Market
Spurred majorly by the soaring demand for security and surveillance due to the increasing threats of terrorist attack and penetration of contactless biometrics solutions in enterprise applications, the world’s market for contactless biometrics technologies is predicted to register impressive growth at a 20.3% CAGR through 2027. Besides, the increasing incidence of COVID-19 coupled with its influence on digital businesses is also predicted to boost the demand for contactless biometrics technologies in the near future…
The soaring popularity of shelf-stable products, including packaged fruits and vegetables, backed by the increasing incidence of COVID-19 worldwide is expected to give a boost to the global market for frozen fruits in the coming years. Besides, the market growth is poised to be spurred by the increasing demand from the beverages industry, and rising demand from households. Through 2027, the frozen fruits market is slated to grow at a 6.7% CAGR to come to USD 5.59 billion by the end of the forecast period. The berries segment is forecast to enjoy the highest growth rate through 2027…
The unexpected breakdown of the COVID-19 pandemic worldwide has significantly boosted the demand for ready meals due to their higher shelf-life and short cooking time. Furthermore, nearly all the countries in the world have proposed a country level lockdown to prevent the spread of the new coronavirus, which also fueled the demand for ready meals across the globe. During 2020-2027, the global ready meals market is forecast to grow at a 5.5% CAGR to reach USD 244.29 billion by the end of the forecast period…
© MarketPublishers.com, 2020
Analytics & News
