Cannabidiol Oil Market is valued at USD 23.37 Million in 2018 and expected to reach USD 1068.54 Million by 2025 with the CAGR of 21.5% over the forecast period.
Cannabidiol oil is a naturally occurring substance which is extracted from the cannabis sativa plant and it is used for various medical purposes. Its prolonged use can cause various side effects due to which its legalization is the debate topic for the authorities. It is still banned in most of the countries but also legalized for the medical use under stringent regulations. These countries include U.S., Canada, UK, Sweden and others.
Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors. Geographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Cannabidiol Oil (CBD Oil) Market.
By Type Hemp-derived Type, • Marijuana-derived Type By Application Pharmaceuticals Industry, Food Industry, Cosmetics Industry, Others
Brandessence Market Research has announced the Top Cannabidiol Oil Manufacture Market Companies List In 2020:
Canopy Growth Corporation is one of the leading medical marijuana companies that manufactures and sells CBD oil products through its well-known subsidiary Bedrocan. Bedrocan is touted as one of the world’s most experienced producers and exporters of legal medicinal cannabis with product lines containing five different cannabis strains
Canopy Growth Corporation recently increased its push to advertise clinical cannabis in the worldwide market to Germany and Brazil. Its products incorporate Bedrocan, a sativa plant type cannabis; Bedropuur, a tetrahydrocannabinol (THC) indica for THC extraction, Bedica, an indica predominant strain of cannabis; Bedrobinol, Bediol, and Bedrolite items, the sativa prevailing strains of cannabis.
Aurora Cannabis is one of the top CBD oil companies in the world which primarily focuses on producing and selling medical marijuana products. The award-winning company also produces psychoactive products, such as THC.
Aurora cannabis is good to go to turn into the biggest maker of CBD oil with its present creation limit potential to deliver 570,000 kg for every year. These creation offices position the organization for a fast reaction to developing interest for CBD oil in Europe and other worldwide markets. Through its completely claimed cannabis merchant Pedanios, Aurora Cannabis has just had the option to cling to the GMP principles required in offices working in the European Union.
Isodiol International has been developing pharmaceutical and health and wellness products for a long time, and today the company is supporting the pharmaceutical sector at large with its recently approved CBD products as an active pharmaceutical ingredient.
the company is right now centered around the medical advantages that hemp conveys and is effectively advertising hemp-based customer items and arrangements. The organization appropriates its wide-going item portfolio through different channels locally and globally.
Bluebird Botanicals, also known as Gaia Botanicals, is an award-winning CBD oil company and a leading manufacturer of hemp CBD consumer products. Although the majority of its sales occur online, its products are also sold at its physical retail stores and other third-party retailers.
the Company has been creating private name CBD items for different organizations over the globe and furthermore offering its unadulterated concentrates to organizations. Bluebird Botanicals right now has wholesalers in Japan, South America, and Europe, and the organization is attempting to enter different locales as well. Its items incorporate oil extricates, vape things, CBD cases, and pet items.
CV Sciences is a manufacturer and supplier of hemp-based phytocannabinoids such as CBD oil to the beauty care, pet care, nutraceuticals, specialty beverage, and functional food sectors. It is also a maker of pharmaceutical therapeutics.
CV Sciences revealed noteworthy development and productivity this year that has exhibited the intensity of its items and brand acknowledgment with the CBD oil industry. The organization PlusCBD product offering is very much situated for standard endorsement and extended appropriation as the wellbeing and health segment keeps on grasping CBD normalization and commercialization. CV Sciences as of late expanded its retail location tally to 1968 natural wellbeing food stores, making it one of the world's biggest CBD oil organizations.
By SEOTeam | 29 Jun 2020
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The global remote patient monitoring market is valued at USD 1093.47 Million in 2018 and expected to reach USD 3229.13 Million by 2025 with the CAGR of 16.73% over the forecast period.
Global Remote Patient Monitoring Scope:
Remote patient monitoring is a latest advancement of healthcare delivery that uses information technology to gather patient data outside of healthcare settings or hospitals. There are many benefits of remote patient monitoring (RPM) for clinicians including ease of access to patient data and the ability to offer higher-quality care to more patients with a lower amount of risk. Remote patient monitoring (RPM) uses digital tools to gather medical data from patients and passes that fact to health care professionals in a different location for assessment and recommendations. RPM technology was established in 1950, when neurological exams initiated being electronically transmitted for physician consultation. Remote patient monitoring allows healthcare providers to collect and track a patient’s medical data including weight, activity, blood pressure, heart rate and vital signs.
Global Remote Patient Monitoring Dynamics:
New advances in digital technologies that enable innovative patient care practices, rising usage of smartphones, surge in geriatric population coupled with high burden of chronic diseases and increasing healthcare cost are some major factors contributed to an increasing demand of global remote patient monitoring market. Globally, healthcare providers have started implementing new technology that enables remote patient monitoring to better track and treat patients throughout the treatment. 92 % of Americans have cell phones and 45 percent have access to a tablet computing device. Additionally, in 2015 over 50% of its 110 million patient interactions were e-visit through smartphones, kiosks, videoconferencing and other modalities.
In the COVID-19 pandemic, remote patient monitoring are more important than ever because they enable physicians to monitor patients without having to come into contact with them, thus preventing the spread of the novel coronavirus. Research has shown RPM can reduce systolic blood pressure (SBP) and diastolic blood pressure (DBP) significantly compared to usual care and self-monitoring.
Mobile enabled remote patient monitoring (mRPM):
Mobile enabled remote patient monitoring is gaining a huge attention from physicians and is expected to acquire major share during the forecast period, as they are now implementing mobile-enabled remote patient monitoring (mRPM), a technology which is more efficient and cost effective compared to standard telephonic RPM. Most importantly, mRPM doesn’t require the patient to learn a new device specifications or specialized equipment because smartphones and mobile devices are already used on a large basis. While the primary goals of an mRPM plan are relevant patient reported data capture and revenue generation and it yields enhanced patient engagement.
Recent News:
FCC Approved Mark in COVID-19 Telehealth Program Funding.
June 10, 2020; The Federal Communications Commission has passed the bill in funding telehealth programs to address the coronavirus pandemic with over USD 100 million in approved applications for COVID-19 Telehealth Program funding. Some healthcare providers are included in the FCC’s 10th funding announcement, reported that they will receive USD 20.18 million to develop or expand mHealth telehealth and remote patient monitoring services in respect to the coronavirus pandemic.
The healthcare industry is moving to value-based care with the increased focus on shifting from financial incentives to a healthcare model where providers are rewarded based on how their patients fare rather than by the number of visits or procedures performed. For example; around 85% of health systems and hospitals have invested or planning to invest in remote patient monitoring technology to maintenance their organizational transitions to value-based care. Remote patient monitoring (RPM) technology can significantly contribute to the success of value-based care. It includes the remote collection of patient data such as via Bluetooth enabled glucose meters or blood pressure monitors that are connected to an app, which transmits the medical data to healthcare professionals. Remote patient monitoring transitions to value based care is dramatically increasing by supporting high risk chronically ill patients who are at a risk for hospital admission. With more than 132 million Americans representing 45 % of the US population have at least 1 chronic disease and these chronic diseases kill over 1.7 million Americans every year.
Big data is already posing a positive impact on the healthcare industry in the fields of oncology, neurology, cardiology, and other specialties with more personalized therapies with diagnostic tools. Patient specific data is increasingly available via new generation of devices and applications that collect important data through wearable devices and smartphones. Big data enables healthcare professionals to accumulate and analyze large volume of new data that will open up new extents for research and treatment opportunities. Again, remote monitoring systems can help collect this information and play a key role in advancing analysis of this healthcare associated Big Data.
IoT will enable patients and healthcare providers to work together for more effective chronic disease management with open communication. By combining IoT features into medical devices, it can improve the quality and effectiveness of healthcare bringing high value care for the elderly patients who are suffering from chronic conditions and those requiring constant supervision. In recent years, there is a growing popularity in IoT driven healthcare services and wearable medical devices that integrate sensors, actuators and other mobile communications methods allowing patient data to be continuously monitored and transmitted through cloud based platforms. These devices can send immediate alert doctors and nurses of important changes in case of medical emergency.
With the advancements in wireless technology wearable devices can be used to remotely monitor a patient's physiological factors. During a coronavirus pandemic, remote monitoring medical devices have become the most vital component of healthcare. Wearable devices and sensors deliver a better potential in the collection of data and insights to improve overall therapy. It also enables the collection of objective measures of intervention effects both in clinic and in remote free clinical settings. Pharmaceutical companies can improve clinical trials and drug discovery through remote patient monitoring (RPM) by incorporating patient data with the wearable devices. Moreover, many of today’s RPM devices integrated in a comfortable wearable patch format and include medical sensors and algorithms to enhance the accuracy and availability of data for clinical use.
=By SEOTeam | 26 Jun 2020
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The global personalized nutrition Market is valued at USD 6.22 Billion in 2018 And Expected to Reach USD 14.88 Billion by 2025 with the CAGR of 13.27% over the forecast period.
Global Nutrition Scope:
Nutrition is the process of taking in food and using it for body growth, metabolism, and repair. Proteins, carbohydrates, fat, vitamins, minerals, fiber and water are referred to as nutrients. If people do not have the optimum intake of nutrients in their diet, then risk of developing certain health conditions increases. Nutrition is the most important part of health and development of individual. Good nutrition is the term stated to increase immune systems, child and maternal health, and it can lessen risk of non-communicable diseases like diabetes and cardiovascular disease. Good nutrition also includes escaping certain kinds of foods such as sodium is used heavily in processed foods and is dangerous for people with high blood pressure.
Global Health and Nutrition Dynamics:
Increasing concerns about non communicable diseases, continuous changing eating habits among consumers and rise in awareness regarding nutritious food to maintain health conditions are some major factors contributed to an increasing demand of the global nutrition market. The risk factors for adult chronic diseases such as hypertension and type 2 -diabetes are increasingly seen in younger ages which are a result of unhealthy eating habits. For example; unhealthy eating habits have contributed to the obesity epidemic in the United States about 32.64% of U.S. adults are obese and nearly 12.4 million of children and adolescents between aged 2 to 19 years are obese. Furthermore, rapid evolution of food technology is driving the change in nutrition with many brands are creating personalized nutrition to create customized dietary plans. This in turn, projected to grow the global nutrition market within next few years.
Recent News:
Amway India aimed to double size of nutrition category by 2025.
On July 24, 2019; with increasing awareness for health and wellness, the Amway India has planned to double its nutrition business that accounts for over 50 % of its revenues by the end of 2025. Amway has 12 % market share in the vitamins dietary supplements market. In the nutrition category, the company has perceived a steady growth with a CAGR of 46 % over the last 18 years, and is expected to achieve great opportunities presented by the Nutraceuticals market in India. With the continued focus to drive innovation, Amway planned to invest significantly in boosting R&D, manufacturing and digital initiatives in India over the next 2 to 3 years.
DSM acquired AVA and further strengthens its position in personalized nutrition:
On 19 Nov 2019; DSM, Nutrition based company, Health and Sustainable Living announced that it has acquired AVA, a Boston (US) based personalized nutrition platform that offers nutrition and counseling across a variety of health and wellness divisions. DSM has made significant growth in Personalized Nutrition in its nutrition product segment, where this previously announced partnerships and investments makes the essential key capabilities including personalized nutrition delivery platforms such as Panaceutics, Mixfit and Tespo.
Sustainability is the term specific to the needs of the consumers without compromising the ability of future generations. The sustainability is an approach to balancing different requirements against the awareness of the environmental, social and economic limitations businesses face. A smooth transition towards more sustainable nutrient food systems needs proper engagement and support from all performers throughout the food supply chain at national, regional and global level. Achieving more sustainable food systems can only be possible if there are cooperative market conditions, better financial support and regulatory frameworks in place to help tackle potential barriers.
Furthermore, consumers are increasingly chosen to purchase nutrient based food products with minimal to no packaging from local and social businesses. They go with the organically grown fruits and vegetables and some of consumers even grow fruits and vegetables by themselves at home or in community spaces.
The nutrition specialists observe that plant-based nutrition is gaining huge popularity and move to the mass market with increased demand in vegan food products, which are packed in environmentally sustainable packaging. Plant-based diets will spur to areas of sports nutrition and clinical nutrition. Nutritionist suggested that people who eat plant based diets tend to have a lower body mass index (BMI), lower rates of obesity, diabetes, and heart disease than those who eat meat. As this plant based diets are rich in in fiber, complex carbohydrates and water content from fruit and vegetables. This keeps all the individuals feeling energy packed for longer time and increase energy use when resting. According to the 2018 study, it is found that a plant based diet was effective for treating obesity.
Personalized nutrition is referred to preserve or increase health performance by using genetic, medical, nutritional and other relevant information about individuals to deliver exact healthy eating guidance about taking nutritional products. Personalized nutrition is equally relevant to patients and healthy people who may or may not have better genetic weaknesses to specific diseases. The nutrition industry has played a crucial role in the development of personalized nutrition specifically in the fields of innovation that aimed at enhancing consumer health and well being.
Dairy with all its health benefits does not suit for everyone and taste buds. In the previous year, the rising emergence of almond and soy milk remarkable, while 2020 is all about the nutritional benefits of oat milk, which is usually prepared from oats, water, and some additional nutritious ingredients. A good option for those who are suffering from food sensitivities and it is also free of gluten as compared to other forms of milks. It contains more protein and fiber which makes it super nutritious. Oat milk comprises a similar number of high calories to cow’s milk which is up to double the number of carbohydrates and half the amount of protein and fat.
People are well knowledgeable about the side effects of food products which have high sugar quantity. Various government and health consultants have suggested new sugar recommendations and guidelines as low as 5% of total calories from free sugars. Food and beverage industry are aiming at implementing the concept of sugar free healthy food. For example; Coca-Cola has launched the first sugar-free flavored water under the brand I LOHAS in Japan. Sugar reduction has been one of the hottest topics in Asia pacific food and beverage industry in 2020 and it will continue as a biggest trend in the same year.
Growing awareness about the impact of sugar on weight gain is enforcing pressure on government organizations to reduce overall consumption of the sweet things. The Asia Pacific region has the highest rate of obesity and diabetes in the world. According to the International Diabetes Federation (IDF) estimated that in 2015, around 390 million people had diabetes in the world, and by the end of 2035, this figure is expected to rise to 595 million. Around 80% people with diabetes live in low and middle-income countries and of the total, over 60% live in Asia.
=By SEOTeam | 25 Jun 2020
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Scope of Global Managed Care Industry Reports-
Managed care plans are a type of health insurance which have contracts with healthcare providers and medical facilities to give hospital care at decreased costs to the patients. These providers construct the managed care network who decides how much patients planed care will pay. Managed care is mainly planned to decrease needless health care costs through different type of mechanisms such as incentives for physicians and patients to choose less costly forms of care, programs for reviewing medical relevance for specific services, increased beneficiary cost sharing, controls on inpatient admissions and stay time, introduction of cost-sharing incentives for outpatient surgery; contract selection with health care providers, and the thorough management of high-cost health care cases. The managed care program can be provided in different types settings such as Health Maintenance Organizations and Preferred Provider Organizations.
Global Managed Care Industry Market is valued at USD XX billion in 2019 and expected to reach USD XX billion by 2026 with the CAGR of XX over the forecast period.
Increasing prevalence of chronic diseases, growing geriatric population, government initiatives on making healthcare industry more affordable and growing adoption of healthcare insurance among consumers are the major driving factors of managed care industry. Different than typical healthcare insurances, managed care enforces limitations on utilization by agreeing which practitioners and which services are covered, and frequently also the number of permissible visits. Managed care comes in many forms and new structures continue to develop, making service portfolio more diverse which boosts the managed care market. The market is more established in western region due to government policies and consumer awareness about the service, for instance, since more than 20 years, managed care has become the major form of health care in many parts of the USA. Over 70 million Americans have been registered in HMOs (health maintenance organizations) and nearly 90 million have enrolled in PPOs (preferred provider organizations). It is popular among consumers and viewed as necessary for using healthcare services efficiently because it mainly helps in lowering the hospital cost and treatment costs. Many structures of managed care have evolved with time. For instance, now the types of HMOs comprise staff model, group model, network model, independent practice association (IPA), and mixed model HMOs. it depends on capitation and other incentives to control costs, along with the usage of nonphysician practitioners in lower-intensity treatments. The group practice structure of HMOs enables updated coordination between primary care and specialty practitioners. These types of improvement have boosted the market growth of managed care. The cost saving advantages of Managed care can be estimated from the fact that, organizations that are providing Medicaid programs with lower cost prescription drugs, leads to as much as USD 6.5 billion in net savings in fiscal year 2018, according to a recent report published by America’s Health Insurance Plans (AHIP)
Recent Development- Modernization of Medicaid in USA
Medicaid managed care plans of USA are modernizing telehealth solutions and telehealth coverage, addressing social elements of health, and providing access to care and informed provider selection for patients, specified a study conducted by the Menges Group for America’s Health Insurance Plans (AHIP).
The report found out that, Medicaid managed care plans cooperate with their state counterparts to provide good public private partnerships customized to meet the needs of each individual states in USA as well as the populations that are served by that states Medicaid program which shows the effectiveness of Medicaid program.
The report found that, one way in which Medicaid managed care plans had an advantage compared to fee-for-service plans was in managed care plan on telehealth solutions.
In USA most of the states were fairly hands off with this injunction. Only one plan made any specifications regarding the populations the telehealth tools must serve. Ultimately, Medicaid managed care plans centralized their efforts on telepsychiatry, remote monitoring, virtual urgent care and chronic disease management support
Managed Care Industry Trends 1- Business model transformation:
Multiple changes for example, reduction of additional funding from the Affordable Care Act are combining to provide resistance against profit pool business in healthcare. New business models that create substantial healthcare value will be critical in this resistance. For instance, payers are now considering the next generation managed care model with more engagement in care delivery which comprises integration of patient’s care journey are deemed as more profitable.
Managed Care Industry Trends 2- Healthcare reform:
The 2020 presidential election in USA is keeping healthcare in forefront, which is expected to affect managed care plans of this country significantly. Even if all main healthcare regulatory reforms have occurred in the aftermath of a recession, affordability issues experienced directly by consumers through cost sharing raise the demand of change in managed care system. Proposals and policies will evolve more, including “Medicare for All,” “Enhanced ACA,” or other substitutes, which results in high uncertainty and need scenario planning. However, a few general issues will also hinder the market, such as guaranteed issue without medical underwriting, catastrophic coverage for all, means-tested subsidies, and a managed care model with rising risk transfer to providers. It is expected that in 2020, in broader perspective payers, providers, and other service players who are working successfully in Medicare Advantage will have an advantage in future.
Managed Care Industry Trends 3- Healthcare ecosystems:
The rapid advancement in digital technology and artificial intelligence as well as machine learning will accelerates the changes in healthcare industry which also will positively affect the managed care industry. Major technology giants are engaged in a trillion-dollar battle to win share in the public cloud and to hold consumer mindshare and engagement. Because of this, they are financing billions of R&D dollars into their platforms to make services easily available among customers and for different types of applications such as predictive analytics, that accelerate innovation. Regulators are working on interoperability and freeing up data to be applicable around the patient. In turn, these digital advances create a synchronized environment of collecting data and analyzing them efficiently and automatically for the development of consumer-centric personalized health and social care ecosystems which also positively affect the managed care industry.
Managed Care Industry Trends 4- Medicaid Expansion:
Medicaid expansion is another trend in 2020, that will affect the managed care market. Though Medicaid expansion legislation was passed in 2018 and come in to effect in 2019, referendums and legislation are still incomplete in many places throughout the United States such as Kansas, North Carolina, and Wyoming. Referendums for expansion are anticipated on the 2020 ballot in at least four states. The Medicaid expansion legislation greatly affects healthcare organizations and patients because it means more people have access to healthcare than previous policies. Health systems expected to be ready to care for this increasing number of patients without negotiating quality and also confirming they achieve CMS standards of care in order to obtain reimbursements. In turn, critical care hospitals and small healthcare organizations started merging and contracting specialty services with other companies.
Managed Care Industry Trends 5- Consumerism:
The patients are taking their care decisions based upon costs, their knowledge of the full scope of options available to them based on research and trustworthy sources of information from internet, and by applying their use of technologies. Within this trend, consumers are progressively searching for the best value at the lowest cost that is the most suitable to their lifestyle. In turn, healthcare providers have been asked by government bodies to respond with price transparency and effective quality outcomes. Other than that, new gadgets such as wearable devices help consumers in managing certain conditions.
With over 80% of consumers researching their healthcare choices online and the increased dependence on the reputation of a hospital, physician or provider before making healthcare decisions, costs and publicly reported quality scores are important. In many countries, the Centers for Medicare and Medicaid Services (CMS) has planned, but not finalized such as new price transparency measures where all hospitals will have to show the prices they negotiate with payers for standard services and items in order to inform patients about general costs.
=By SEOTeam | 25 Jun 2020
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Scope of Global Fitness Equipment Industry Reports-
Fitness equipment can be defined as any apparatus used at the time of physical activity to improve body strength. Fitness equipment includes products such as weightlifting machines, treadmills, stationary bikes, and others for physical exercise and are precisely used in a fitness club, home, hotels, gym, and corporate offices. These equipment help in maintaining weight, reduce excessive fat and improve stamina. Fitness equipment may also comprise wearable accessories such as footgear, gloves and hydration packs. It is basically segmented in to two basic areas such as aerobic or cardio fitness equipment, designed to give a user a fitness workout to burn off calories and lose weight and strength/muscular fitness equipment tone bodies muscles.
Global Fitness Equipment Industry Market is valued at USD 11.139 billion in 2019 and expected to reach USD 14.384 billion by 2026 with the CAGR of 3.72% over the forecast period.
Technological development in fitness sector, increasing consumer awareness about fitness & improvement in personality, increasing facilities given and promotions done by employers as well as insurers to their employees in terms of staying healthy as well as growing disposal income are driving the market of fitness equipment. For instance, the internet have made it possible for the people to create gym facilities in their home due to easy availability of information which helps them in developing custom made fitness solution which have greatly improve the market as more people are using these equipment as they do not want to go to gyms. Functional fitness is another factor which drives the market as it provides the benefit of achieving body transformation anywhere. This requires minimal equipment and guided experience by digital platform. Integration of fitness equipment with new technology such as AI and machine learning along with innovation of various fitness monitoring devices has greatly helped the customers to fitness equipment industry as well as gyms. For example, an AI program created by Asensei company, puts sensor in client’s workout cloths to monitor movements. It can provide highly specific instructions on how to move body and at present it works for yoga and rowing. Such types of innovation is creating opportunities for fitness equipment market to broaden its horizon from traditional gym facilities to the consumer oriented market.
Recent Development- Technogym becomes IRONMAN’s Official Global Fitness Equipment Partner.
01 April 2020
IRONMAN Group has declared Technogym as its official global fitness equipment Partner. The partnership will start work with the recently announced IRONMAN Virtual Racing (VR) Series.
The IRONMAN VR Series will be provided through the IRONMAN Virtual Club. This is an innovative web-based platform that permits athletes to train and compete from anywhere around the world, while providing earning activity-based points and engaging with the community.
The partnership will also comprise Technogym’s participation with the 2020 IRONMAN World Championship in Kailua-Kona, Hawai, along woth the 2020 IRONMAN 70.3 World Championship in Taup?, New Zealand, scheduled for October and November, respectively.
With the new partnership, IRONMAN athletes will obtain unique access to Technogym’s range of treadmills, smart trainers, exercise bikes, group cycling bikes, rowers, wellness tools and upper body trainers.
Over 50 million people globally seemingly train with Technogym equipment daily. established in 1983 in Cesena, Italy, Technogym has become a leader in cardio, strength and functional equipment. The company has been an official supplier to the previous seven Olympic Games and has been selected for the next Olympic Games in Tokyo as well.
Fitness Equipment Industry Trends 1- Training with free weights
free weight training was trending in 2019 and is continuing to be a trend in 2020 as these instruments are both used by professionals and unprofessional customers. Free weights such as barbells, kettlebells, dumbbells, and medicine ball are in demand among young customers as they are more aware about their health. Instructors begin by teaching proper form for each free training equipment and then progressively increase the resistance once the correct form is accomplished.
Fitness Equipment Industry Trends 2- High-tech fitness at home
It is not only studios & gyms that are upgrading to the high-tech treatment; people are expected to increasingly upgrade their at-home workouts in 2020, too. When considering home fitness, the first think comes to mind are treadmills and elliptical machines, but the future of home exercising is much more than this. Working out at home in 2020 will be more creative and exciting than ever due to rapid technological development in IT sector. Smart technology is now making fitness equipment smarter by incorporating technology such as machine learning and Artificial Intelligence, by which a range of fitness equipment are coming to market such as intelligent rowing machines and weightlifting systems, full-length fitness mirror that works as a personal trainer etc.
Fitness Equipment Industry Trends 3-Functional fitness training
This is a trend which helps in using strength training to enhance balance, coordination, muscular strength, and endurance to improve activities of daily living generally for older adults but also in clinical populations. Functional training mainly works on movements that work the muscles a human being uses most for everyday tasks. Functional training comprises many different movements such as pulling, lifting and squatting and the demand of necessary equipment for functional training is also increasing. The aim of functional training is to control the body in the best possible way and to develop a positive body feeling. This trend is a predominantly important type of training for older adults and it ensures a more long-term, injury-free, health, and fitness plan.
Fitness Equipment Industry Trends 4- Body Weight Training
Body weight training mainly uses minimal equipment, making it more affordable. Not limited to just push-ups and pull-ups, this trend enables people to get back to the basics with fitness. Scalable deployment methods with minimal equipment is making it more popular among customers. Body weight training is an inexpensive way to exercise due to uses of minimal equipment which helps the fitness equipment market to focus on innovating new modular equipment which can be taken to anywhere.
Fitness Equipment Industry Trends 5- Personal training
One-on-one training remains to be a trend as the profession of personal training becomes more accessible online, in health clubs, in the home, and in worksites that have fitness facilities. Due to easy availability of personal trainer, now customers are making their own gym inside their home which also boosts the sale of fitness equipment. Personal training comprises fitness testing and goal setting with the trainer working individually with a client to prescribe workouts specific to clients. This trend is helping in expansion of the fitness equipment market in 2020.
Fitness Equipment Industry Trends 6- Wearable technology
Wearable technology is one of the main trends as it is directly affecting the fitness equipment market in a positive way, which includes products such as fitness trackers, smart watches, HR monitors, and GPS tracking devices. Some of the branded wearable devices include fitness and activity trackers like those manufactured by Fitbit, Samsung Gear Fit2, Misfit, Garmin, and Apple. These devices help in tracking HR, calories, sitting time, and much more. All these devices generate interest among consumers on trying to use it in gyms and by doing exercises which also indirectly helps the fitness equipment market.
=By SEOTeam | 24 Jun 2020
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Global Big Data Market -
Global Big Data market is valued at USD 114.39 billion in 2018 and is expected to reach USD 237.33 billion in 2025 growing at a CAGR of 10.99% over forecast period.
Big data is a field that treats ways to analyze, steadily extract information from, or otherwise deal with data sets that are too large or complex to be allocated with by traditional data-processing tender software. Data with many cases offer greater statistical control, while data with higher complexity may lead to a higher false detection rate. Big data challenges include seizing data, data storage, data analysis, search, allotment, transfer, visualization, querying, updating, information privacy and data source.
Leading industry players such as IBM, HP, Google, SAP, Cloudera, and Oracle, are progressively investing in R&D, for the development of unified big data solutions to provide improved analytics and integrated management of data. Companies are focusing on mergers and acquisition to diversify their product portfolio with big data and mainframe technologies. For example, in 2015, Microsoft acquired revolution analytics to enlarge its business for cloud base platform. Likewise, IBM acquired Cloudant and Cleversafe to fortify its cloud platform business.
Big Data Analytics –
Analytics provides a competitive advantages for businesses. The real-time speech analytics market has been seen its first sustained adoption cycle beginning in 2019. The concept of customer journey analytics is predicted to grow steadily, with the goal of improving enterprise productivity and the customer experience. Real-time speech analytics and customer journey analytics will gain significant popularity in coming years.
Continuous Intelligence –
Continuous intelligence is a system that has combined real-time analytics with business operations. It processes historical and current data to provide decision-making automation or decision-making support. Continuous intelligence leverages a variety of technologies (optimization, business rule management, event stream processing, augmented analytics, and machine learning). It recommends actions based on both historical and real-time data.
Continuous intelligence promises to provide more effective customer support and special offers designed to tempt specific customers. The technology has the potential to act as a core nervous system for organizations such as trucking companies, airlines, and railroads. These industries could use continuous intelligence to monitor and optimize scheduling decisions. Continuous intelligence is a fairly new technology, made possible by augmented analytics and the evolution of other technologies.
Augmented Analytics –
Augmented analytics automates the process of gaining business insights through advanced artificial intelligence and machine learning. An augmented analytics engine automatically goes through an organization’s data, cleans it, and analyzes it. As a last step, it converts the insights into actionable steps with little supervision from a tech person. Augmented analytics can make analytics available to smaller businesses by making it more user-friendly.
In coming years, augmented analytics will become the primary purchase of businesses trading with analytics and business intelligence. Internet businesses should plan on adopting augmented analytics as their platform capabilities mature (or finding a cloud that offers augmented analytics). The technology has disrupted the analytics industry by merging artificial intelligence and machine learning techniques to make developing, sharing, and interpreting analytics easier.
In-Memory Computing –
In-memory computing describes the storage of data inside the random-access memory (RAM) of specific dedicated servers, instead of being stored in complicated relational databases running on relatively slow disk drives. In-memory computing has the added benefit of helping business customers (including banks, retailers, and utilities) to detect patterns quickly and analyze massive amounts of data easily. The dropping of prices for memory is a major factor in the growing interest of in-memory computing technology.
In-memory technology is used to perform complex data analyses in real time. It allows its users to work with large data sets with much greater agility. The problems of using in-memory computing are becoming fewer and fewer, the result of new innovations in memory technology. The technology provides an extremely powerful mass-memory to help in processing high-performance tasks. It offers faster CPU performance and faster storage, while providing larger amounts of memory.
Cloud Usage –
The public cloud is a computer processing service offered by third-party contractor, for free or for a fee. The public cloud is available to anyone willing to use it. Public cloud usage continues to grow, as more and more organizations turn to it for services. Around 41 % of businesses are expected to start using public cloud platforms in 2020.
The hybrid cloud and multi-cloud strategies are becoming increasingly popular solutions. Often, organizations will choose to adopt multi-cloud and hybrid strategies for handling a variety of different cloud computing projects, depending on the project needs. Taking advantage of the various best-suited tools and solutions available at different clouds allows organizations to maximize their benefits. Despite the benefits, using multiple clouds can make monitoring expenses, governance, and cloud management more difficult.
Global Big Data Analytics Market –
Global big data analytics market was valued at USD 10.58 Billion in 2018 and it is expected to reach USD 61.89 Billion in 2025 growing at a CAGR of 28.71% over forecast period.
Big data analytics is the IT offerings which utilizes several data mining for example text mining and predictive modeling. They help telecom service providers to extract real-time activities and support decision making in business. Telecom companies store huge amount of data consisting of customer details, in their databases. With the help of big data analytics, data can be first sorted, mined, processed and then stored systematically.
Big Data Industry Trends 1
Predictive Analytics –
Predictive Analytics offers personalized insights that lead organizations to create new customer responses or purchases and encourage cross-sell opportunities. Predictive Analytics supports technology to participate into various domains like finance, healthcare, automotive, aerospace, retailing, hospitality, pharmaceuticals, and engineering industries.
Big Data Industry Trends 2
Edge Computing –
Edge Computing has been into the technological space streaming network performance for quite a while now. All credit to edge computing that data analytics is partially dependent on the network bandwidth to save data locally close to the data source. Edge Computing makes data to be controlled and stored away from the silo setup closer to end users with processing taking place either in the device itself or in the fog layer or in the edge data center.
Big Data Industry Trends 3
Open Source –
Open Source will witness more free data and software tools to become available on the cloud. Nowadays, small organizations and start-ups alike will benefit the most of this data trend. Open source analytical languages like R, a GNU project related with statistical computing and graphics has seen a huge acceptance credit to the open source wave.
Big Data Industry Trends 4
Quantum Computing –
Tech giants like IBM, Microsoft, Google and Intel, fight against each other to work thoroughly in a bid to build the first quantum computer. Quantum Computing enables seamless data encryption, weather prediction, solving complex medical problems, real conversations and better financial modeling to make organizations develop quantum computing components, algorithms, applications and software tools on qubit cloud services.
Global Big Data Analytics in Healthcare Market –
Global Big data analytics in healthcare market is valued at USD 20.37 Billion in 2018 and it is expected to reach USD 71.56 Billion growing at a CAGR of 19.66% over forecast period.
Big data analytics in healthcare is the complex procedure of inspecting big data to discover evidence including hidden patterns, market trends, unknown correlations, and customer preferences, which can help organizations to make informed clinical and business decisions. The field of healthcare analytics is huge, spanning multiple diverse areas, particularly clinical delivery, operational productivity, and personalized medicine.
Precision Medicine and Research Get a Big Data Boost –
Precision medicine promises to move away from a one-size-fits-all approach to medicine, to treating individuals by using therapies and treatment plans specific to them. It does so by tapping reams of data from tools such as mobile biometric sensors, smartphone apps and genomics.
Additionally, collaborations and partnerships between researchers and healthcare organizations are permitting organizations to build out pools of data that they can use to build better personalized healthcare representations. These novel capabilities are still in early days and minor expects big data capabilities and policies to grow to allow patient data to constantly inform health research.
Cutting Costs with Patient Data Analytics –
Many healthcare organizations are already using predictive analytics and the majority of them believe that predictive analytics will save the organization 25 % or more in annual costs over forecast period.
One of the many ways that predictive analytics help cut costs is by dropping the rate of hospital readmissions. Furthermore, the technology can help to forecast operating room demands, optimize staffing, streamline patient care and make way for a better pharmaceutical supply chain.
=By SEOTeam | 18 Jun 2020
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