Artificial Intelligence
From Decibels to Dollars: Europe Home Healthcare Market to Flourish
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Westford, USA, April 21, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, Europe Home Healthcare Market is projected to achieve a value of USD 162.78 billion by 2030, with a CAGR of 7.6% during the forecast period (2023-2030). The market’s growth will be significant due to factors such as the aging population, chronic diseases, government initiatives, cost-effectiveness, and technological advancements. Furthermore, the report states that Europe’s aging population is expected to exceed 150 million by 2050, leading to increased demand for home healthcare services as elderly individuals prefer to receive care at their own homes.
The report also reveals that home healthcare services can reduce healthcare costs by up to 30% compared to hospitalisation or institutional care. This demonstrates the cost-effectiveness of home healthcare services compared to hospitalisation or institutional care, leading to an increased demand for home healthcare services in Europe.
Browse in-depth TOC on “Europe Home Healthcare Market”
- Pages – 241
- Tables – 67
- Figures – 71
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The Europe home healthcare market holds significant importance in contemporary times due to the ageing population, rising prevalence of chronic illnesses, and demand for cost-effective healthcare solutions. The COVID-19 pandemic has further propelled the market’s growth, offering lucrative prospects for healthcare providers, technology firms, and investors.
Prominent Players in Europe Home Healthcare Market
- Fresenius SE & Co. KGaA
- Bayada Home Health Care
- Healthcare at Home
- Home Instead Senior Care
- Kinnser Software
- LHC Group
- National HealthCare Corporation
- NHS Home Healthcare
- Odyssey Healthcare
- Omron Healthcare
- Philips Healthcare
- Right at Home
- Siemens Healthineers
- Sunrise Medical
- Unicomer Group
- VitalAire
- Vitas Healthcare
- Welbilt
- William Demant Holding A/S
- Linde Healthcare.
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https://www.skyquestt.com/report/europe-home-healthcare-market
Telehealth and Telemedicine Segment to Drive Higher Sales Due to Providers Increasingly Recognizing the Benefits of Virtual Care
A recent analysis indicates that the telehealth and telemedicine segment drove the rapid growth of the Europe Home Healthcare market in 2021. This trend is expected to continue from 2022 to 2030, owing to the COVID-19 pandemic and the recognition of the benefits of virtual care by providers. SkyQuest report highlights that 81% of healthcare providers in Europe increased their use of telemedicine during the pandemic with 63% expecting to continue using telemedicine services after the pandemic.
According to research analysis, the Western European region is predicted to become a major player in the Europe Home Healthcare market from 2022 to 2030. SkyQuest projects a CAGR of 8.82% for the region during the forecast period, driven by an ageing population, increasing prevalence of chronic diseases, and the need to reduce healthcare costs. Moreover, the European Commission is actively promoting digital health solutions, including telemedicine, to improve healthcare accessibility and reduce costs. The Commission’s Digital Single Market initiative aims to support the deployment of digital solutions across the healthcare sector, including home healthcare.
Respiratory Therapy Segment to Exhibit Strong Growth Due to Growing Demand for Rising Prevalence of Respiratory Diseases
The rising demand for respiratory therapy has made it the dominant segment in the Europe Home Healthcare market in 2021 and is expected to maintain its lead from 2022 to 2030. This trend is being driven by the increasing prevalence of respiratory diseases, the importance of respiratory care devices in improving patients’ quality of life, and the heightened demand for these devices during the COVID-19 pandemic.
Furthermore, the Central and Eastern European region has emerged as a significant force in the Europe Home Healthcare market, with expectations to continue its dominance by 2030. SkyQuest forecasts a substantial growth rate of 11.67% CAGR during the forecast period for the region. The growth can be attributed to the rising prevalence of chronic diseases, increasing geriatric population, and favorable government initiatives promoting home healthcare services. In addition, various government initiatives are supporting the market’s growth. For instance, the Polish government has launched a program called “Senior+” that provides financial assistance to purchase medical equipment and devices, and hire trained personnel to provide home healthcare services to the elderly population.
A comprehensive analysis of the major players in the Europe Home Healthcare market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in Europe Home Healthcare Market
- At the 2022 Consumer Electronics Show (CES), OMRON Healthcare, Inc., a leading provider of remote blood pressure monitoring and personal health technology, will be unveiling its latest remote patient monitoring services. OMRON’s connected blood pressure monitors and advanced mobile app have been designed to cater to every consumer, regardless of where they are on their heart health journey. The company’s focus on its mission of “Going for Zero™” heart attacks and strokes is also evident, as it presents the future of its offerings in the heart health category. This includes a collaborative research initiative that aims to leverage artificial intelligence to analyze blood pressure metrics accurately.
- CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), has recently launched six innovative home healthcare products that aim to cater to the needs of the elderly, caregivers, and those living with disabilities. The products, which include bathroom safety and mobility aids, are an extension of the CVS Health product line and were developed in collaboration with Michael Graves Design, a company that advocates for the Design for All movement. With a focus on merging functionality and design, these products have been designed to meet customers’ unique needs based on customer insights. CVS Health’s latest offerings reflect its commitment to providing accessible, innovative solutions that improve people’s everyday lives.
Key Questions Answered in Europe Home Healthcare Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how do these differences shape the market’s future growth?
Related Reports in SkyQuest’s Library:
European Quality Management in Healthcare Market
Global Cardiovascular Drugs Market
Global Clinical Trials Support Services Market
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
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