Electronic Health Records Market Set for Growth Driven by Increased Adoption of Digital Solutions

The global electronic health records market size is anticipated to reach USD 43.36 billion by 2030, growing at a CAGR of 4.43% from 2024 to 2030, according to a new report by Grand View Research, Inc. This is due to the increasing adoption of Electronic Health Records (EHRs) for data collection. This data is used to improve patient care by enabling clinicians to identify specific patterns in populations suffering from diseases and make better clinical decisions. Additionally, the use of analytical tools on this data helps predict risk for hospitalizations or readmissions boosting the demand for advanced EHR solutions.

Furthermore, the increasing use of cloud-based EHR systems is expected to drive market growth. Cloud-based EHRs offer numerous advantages over traditional web-based systems, making them highly appealing to healthcare providers. These benefits include easy implementation, cost savings, reduced IT resource requirements, improved accessibility and collaboration, and simplified scalability.

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Moreover, cloud-based EHRs enhance data security and tackle interoperability and data exchange challenges, further increasing their adoption. For instance, in August 2023, Microsoft Corp announced a new partnership that allows Epic Systems Corporation clients, first with Mount Sinai Health System, to use Microsoft Azure Large Instances. This would precisely benefit larger Epic electronic health record (EHR) databases, offering support for over 50 million database entries per second with dedicated resources. This new solution enables Mount Sinai and other Epic clients to overcome the restrictions of previously used shared public cloud infrastructures.

Electronic Health Records Market Segments Highlights:

• Based on product, the web & cloud based EHR segment dominated the overall revenues share as of 2023 and is projected to witness lucrative growth over the forecast period. A high adoption rate by physicians is expected to boost the market growth.

• Based on type, the acute segment dominated the market in 2023. The growth is attributed to the government initiatives for the adoption of EHRs in small-scale facilities.

• Based on end use, the ambulatory use segment which includes physician clinics, laboratories, and pharmacies is expected to exhibit the fastest growth over the forecast period owing to the increasing number of ambulatory care centers globally.

• In terms of business model, the professional services segment dominated the market in 2023 and is expected to grow at the fastest CAGR during the forecast period. Professional services help healthcare systems in the implementation of information systems in their organizations.

• Based on application, the cardiology segment held the largest market share in 2023. The growth of this segment is driven by the increasing incidence of hospitalization of patients diagnosed with cardiovascular diseases such as coronary heart disease and stroke

• North America held a major market share as of 2023, due to the presence of well-established healthcare infrastructure as well as favorable government initiatives regarding population health management.

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• Telerehabilitation Market: The global telerehabilitation market size was estimated at USD 5.32 billion in 2024 and is expected to grow at a CAGR of 13.2% from 2025 to 2030.

• Fitness Tracker Market: The global fitness tracker market size was estimated at USD 60.9 billion in 2024 and is projected to grow at a CAGR of 18.0% from 2025 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global electronic health record (EHR) market based on product, type, business models, application, end-use, and region:

Electronic Health Records Product Outlook (Revenue, USD Million, 2018 - 2030)
• On-premises
• Web & Cloud-Based EHR

Electronic Health Records Type Outlook (Revenue, USD Million, 2018 - 2030)
• Acute
• Outpatient
• Post Acute

Electronic Health Records Business Model Outlook (Revenue, USD Million, 2018 - 2030)
• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

Electronic Health Records Application Outlook (Revenue, USD Million, 2018 - 2030)
• Cardiology
• Neurology
• Radiology
• Oncology
• Mental and Behavioral Health
• Nephrology and Urology
• Gastroenterology
• Pediatrics
• General Medicine
• Physical Therapy and Rehabilitation
• Others

Electronic Health Records End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospital
• Ambulatory Surgical Centers
• Other End Use

Electronic Health Records Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Denmark
o Sweden
o Norway
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Thailand
• Latin America
o Brazil
o Argentina
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Kuwait

Order a free sample PDF of the Electronic Health Records (EHR) Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Video Conferencing Market Trends: The Rise of Hybrid Work Environments and Collaboration Tools

The global video conferencing market size is anticipated to reach USD 20.02 billion by 2030, exhibiting a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. market is experiencing significant expansion, primarily driven by the widespread integration of cloud technologies and the rising preference for Video Conferencing as a Service (VCaaS). The market is further fueled by the growing popularity of globalized working models, positioning video conferencing as an essential tool for communication within numerous organizations.

The ongoing technological advancements in video conferencing are significantly driving the product demand across corporate, education, healthcare, among other verticals. For instance, in March 2024, Avaya LLC launched the Avaya Communication and Collaboration Suite that delivers seamless communication and collaboration experiences to customers, where they can connect with people and tools on a single platform, such as meet, call, chat, share files, manage tasks, and more. Such developments are fueling the video conferencing market in the coming years.

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Moreover, the rising need to create a cost-effective, adaptable, and scalable communication system for better team collaboration, conversation, and decision-making is expected to have a considerable impact on industry trends in the coming years. The demand for solutions that simplify collaboration and enhance decision-making is on the rise among businesses and individuals alike. This trend is anticipated to further propel the expansion of the video conferencing market.

Video Conferencing Market Segments Highlights:

• Based on deployment, the on-premise segment dominated the market in 2023, driven by industries complying with strict data security requirements, existing investments in IT infrastructure, and challenges pertaining to internet reliability, latency, and bandwidth.

• Based on components, the hardware segment dominated the market in 2023, owing to increasing adoption of endpoints, including laptops, smartphones, and desktops equipped with high-resolution cameras, speakers, and microphones.

• Based on enterprise size, the large enterprises segment dominated the market in 2023. The segment growth is attributed to the high adoption of video conferencing solutions among these enterprises for business communications across geographies.

• Based on application, the enterprise segment dominated the market in 2023, owing to the higher demand for conference video endpoints that are room-based hardware solutions deployed and configured in meeting rooms.

• Based on end use, the corporate segment dominated the market in 2023. The segment growth is attributed to the growing consumer interest in cloud-based communication and collaboration solutions.

• Based on the region, North America accounted for the highest market share in 2023.The strong presence of various major technology companies, such as Microsoft Corporation, Google LLC, Cisco Systems, Inc., etc., providing high-end collaboration tools is contributing to the market growth.

• Key market players operating in the market include Adobe Inc.; AURA Presence, LLC; Avaya LLC; Cisco Systems, Inc.; Google LLC; Huawei Technologies Co., Ltd.; Logitech International S.A.; Microsoft Corporation; Plantronics, Inc. (acquired by HP Development Company, L.P.); Enghouse Video (formerly Vidyo, Inc.); West Corporation (Intrado Life & Safety, Inc.); Zoom Video Communications, Inc.

• In April 2024, Zoom Video Communications, Inc. announced the general availability of Zoom Workplace, the company’s AI-powered collaboration platform that includes new features to help users reimagine teamwork, facilitate connections, and improve productivity.

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• Nanosatellite And Microsatellite Market: The global nanosatellite and microsatellite market size was estimated at USD 3,998.4 million in 2024 and is projected to grow at a CAGR of 22.8% from 2025 to 2030.

• Video As A Service Market: The global video as a service market size was valued at USD 9.45 billion in 2024 and is projected to grow at a CAGR of 33.7% from 2025 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global video conferencing market based on component, deployment, enterprise size, application, end-use, and region:

Video Conferencing Deployment Outlook (Revenue, USD Million, 2018 - 2030)
• On-premise
• Cloud

Video Conferencing Component Outlook (Revenue, USD Million, 2018 - 2030)
• Hardware
o Camera
o Microphone/Headphone
o Others
• Software
• Service

Video Conferencing Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)
• Large Enterprise
• Small & Medium Enterprises (SMEs)

Video Conferencing Application Outlook (Revenue, USD Million, 2018 - 2030)
• Consumer
• Enterprise

Video Conferencing End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Corporate
• Education
• Healthcare
• Government & Defense
• BFSI
• Media & Entertainment
• Others

Video Conferencing Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa (MEA)
o Saudi Arabia
o South Africa

Order a free sample PDF of the Video Conferencing Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Air Purifier Market Insights: Innovations in Smart Technology and IoT Integration

The global air purifier market size is expected to reach USD 25.58 billion by 2030, registering a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by increasing air pollution levels, coupled with the outbreak of the COVID-19 pandemic and the rising awareness pertaining to the benefits of air purifiers. Air purifiers assist in eliminating various health hazards caused by poor air quality by removing contaminants, including dust, smoke, and pollen. In addition, these products aid people suffering from asthma, airborne allergies, and other respiratory conditions. Thus, increasing health awareness among consumers is expected to drive the product demand over the forecast period.

Lockdown measures to curb the spread of COVID-19 and the stay-at-home and work-from-home norms have boosted the demand for air purifiers in residential applications. Furthermore, the demand for air purifiers increased in healthcare and other commercial facilities amidst the pandemic owing to their ability to limit the spread of infectious diseases. New product developments and technological advancements amid the COVID-19 pandemic are anticipated to augment the market growth. For instance, in September 2020, Aurabeat Technology Limited, a Hong Kong-based company, introduced Aurabeat AG+ Silver Ion Plasma Sterilization Air Purifier, which can eliminate more than 99.9% of COVID-19 within 30 minutes.

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Wildfires and stubble burning that are increasingly found in the U.S., Australia, and India are some of the key reasons for causing air pollution. The smoke has several health implications such as eye and respiratory tract infection, lung infection, bronchitis, and heart failure. This has prompted consumers to buy air purifiers and is likely to augment the market growth over the forecast period. The pandemic provided an opportunity for companies with higher cashflows to acquire air purifier companies resulting in increased activity in the market. For instance, in November 2021, iRobot Corporation acquired Aeris Cleantec AG in a USD 72 Million all-cash deal in a bid to strengthen its portfolio of intelligent home innovation solutions.

Air Purifier Market Segments Highlights:

• The HEPA technology segment held the largest revenue share of over 40.0% in 2023 owing to the high efficiency of HEPA filters in removing airborne particles as compared to other technologies, thereby augmenting its penetration in the market

• The commercial application segment is expected to witness significant growth from 2024 to 2030 on account of the growing demand for air purifiers in hospitals, universities, and government facilities amidst the COVID-19 pandemic

• In the APAC market, Malaysia is likely to expand at a significant CAGR over the forecast period on account of worsening air quality due to urbanization and seasonal haze, coupled with the increasing health awareness and a growing emphasis on good indoor air quality

• In September 2020, MANN+HUMMEL introduced two new high-performance room air purifiers, namely OurAir TK 850, which is suitable for filtering the air in indoor spaces of up to 70 m², and the OurAir SQ 2500, which is ideal for spaces up to 200 m².

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• U.S. Aluminum Extrusion Market: The U.S. aluminum extrusion market was valued at USD 6.78 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030.

• Calcined Anthracite Market: The global calcined anthracite market size was valued at USD 3.70 billion in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global air purifier market report based on technology, application, coverage range, sales channel, type, and region

Air Purifier Technology Outlook (Revenue, USD Million, 2018 - 2030)
• High Efficiency Particulate Air (HEPA)
• Activated Carbon
• Ionic Filters
• Electrostatic Precipitator
• Others

Air Purifier Coverage Range Outlook (Revenue, USD Million, 2018 - 2030)
• Below 250 Sq. Ft.
• 250-400 Sq. Ft.
• 401-700 Sq. Ft.
• Above 700 Sq. Ft.

Air Purifier Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
• Online
• Offline

Air Purifier Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
• Online
• Offline
o Hypermarkets/Supermarkets
o Retail Stores
o Specialty Stores
o Others

Air Purifier Type Outlook (Revenue, USD Million, 2018 - 2030)
• Standalone/Portable
• In-duct/Fixed

Air Purifier Application Outlook (Revenue, USD Million, 2018 - 2030)
• Commercial
o Retail Shops (Mercantile)
o Offices
o Healthcare Facilities
o Hospitality
o Schools & Educational Institutions
o Laboratories
o Transport (railway stations, metros, bus stops, airports)
o Others
• Residential
• Industrial

Air Purifier Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
• Asia Pacific
o China
o Japan
o South Korea
o Singapore
o Malaysia
• Central & South America
o Brazil
• Middle East & Africa
o Saudi Arabia

Order a free sample PDF of the Air Purifier Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

U.S. Office Furniture Market Set for Growth Driven by Remote Work Trends

 

The U.S. office furniture market size is anticipated to reach USD 22.24 billion by 2030, registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Various factors, such as rising disposable incomes, the real estate industry's growth, the growth of businesses, and consumer demand for luxury & premium furnishings, are driving the market growth. Furthermore, the growing hybrid working culture and the expansion of ed-tech platforms are driving industry growth. Due to social distancing norms, the COVID-19 global pandemic has pushed millions of Americans to work from home. Work-from-home (WFH) has become the norm and is expected to continue for the foreseeable future, making it stressful for working professionals who are not equipped with comfortable office furniture.

During the COVID-19 pandemic, the demand to work and study at home resulted in a surge in office furniture purchases. For example, HOM Furniture, based in Minneapolis, noticed a boost in the category since the stay-at-home orders were implemented. Smaller-scale workstations that can accommodate both laptops and tablets are one of the most popular varieties. Many manufacturers are implementing sustainable manufacturing practices due to rising consumer awareness about the importance of sustainable living, which is driving up demand for eco-friendly furniture. This involves reducing fuel usage and repurposing wood waste. Herman Miller, for example, has pledged to zero waste, 50 percent more local renewables (50,000 MWh), 100% Design for the Environment-approved items, and 125,000 tons of product returned each year.

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Furthermore, internet furniture businesses are on the rise to reduce the requirement for rental space and inventory. Some of the most popular e-commerce websites in the U.S. for office furniture include Amazon.com and Wayfair. The increased possibilities for office furniture sales through online channels forced online retailers to strengthen their purchase processes in terms of security and reliability, boosting product demand. Secure transactions, cash-on-delivery alternatives, quick return policies, and integrated & centralized customer service are just a few of the policies that attract consumers to shop online.

U.S. Office Furniture Market Segments Highlights:

• The seating product segment accounted for the largest share in 2024 and is expected to grow further at a CAGR of 5.3% over the forecast period

• The recent rise in home offices as a result of an increase in remote work has boosted product demand in the region

• With individuals spending more than 8-10 hours a day at work, adequate seating has become increasingly important, hence the rise in ergonomic chair demand recorded in the U.S.

• The online distribution channel segment is expected to have the highest CAGR of 9.6% from 2025 to 2030. Furniture e-commerce has accelerated as a result of the pandemic

• Due to convenience, younger consumers, such as millennials, are more willing to buy products online, even if they can't see and feel the products beforehand. Yardbird, BenchMade Modern, Burrow, Article, and Joybird are a few of the new direct-to-consumer furniture brands

Browse through Grand View Research's Homecare & Décor Industry Research Reports.

• Contract Furniture Market: The global contract furniture market size was estimated at USD 154.10 billion in 2024 and is expected to grow at a CAGR of 5.3% from 2025 to 2030.

• U.S. Industrial Ceiling Fan Market: The U.S. industrial ceiling fan market size was valued at USD 990.5 million in 2024 and is expected to grow at a CAGR of 5.9% from 2025 to 2030.

Segments Covered in the Report

Grand View Research has segmented the U.S. office furniture market on the basis of product, and distribution channel:

U.S. Office Furniture Product Outlook (Revenue, USD Billion, 2018 - 2030)
• Seating
• Modular Systems
• Desks & Tables
• Others

U.S. Office Furniture Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
• Online
• Offline

Order a free sample PDF of the U.S. Office Furniture Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Contract Furniture Market Set for Significant Growth Driven by Rising Demand in Hospitality Till 2030

The global contract furniture market size is expected to reach USD 209.48 billion by 2030, registering a CAGR of 5.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing capital investments in office, institutional, healthcare/medical facilities, and hospitality infrastructure is expected to generate the need for commercial furniture. The growth of the hospitality and housing & commercial construction industry and the resultant demand for premium and luxury furniture is expected to accelerate the industry growth during the forecast period. Manufacturers focus on developing multifunctional office furniture that provides enhanced comfort during long working hours and facilitates space utilization. Offices that intend to encourage effective employee collaboration to enhance productivity are boosting the demand for modern office furniture.

In recent years, office infrastructure has been witnessing a change in furniture layouts, which is driven by the demand for cost-effective and comfortable amenities. The pandemic badly affected the global economy and the contract furniture market. To break the chain and spread of coronavirus, lockdown orders were imposed by various countries across the globe. Moreover, most companies have completely shifted to a work-from-home model, which left a huge surplus of used furniture and very low demand for new products in 2020. In terms of value, the corporate offices' end-user segment dominated the industry and accounted for the largest revenue share in 2022. The information technology industry continues to be a strong and growing sector around the globe, which is driving the demand for office space expansion. The most important characteristic of technology is its extended impact on the global economy and the job market.

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This, in turn, is expected to positively affect the corporate office furniture market. The online distribution channel segment is projected to grow at the fastest CAGR during the forecast period due to factors, such as improved internet connectivity and the advent of online shopping events, like Black Friday and Cyber Monday. Moreover, consumers have started switching to e-commerce channels to shop for their furniture needs, which helps reduce their need to visit physical retail stores to compare their product features and prices. This may propel the industry growth during the forecast period. Asia Pacific held the largest market share in 2022 owing to the growth of the real estate sector in developing countries, such as China and India. Moreover, development in the economy and improving work conditions are the major factors that will support product demand in the Asia Pacific region.

Contract Furniture Market Segments Highlights:

• Chairs & Stools accounted for a revenue share of over 33% in 2024. The increasing demand for computer chairs, conference chairs, executive chairs, etc. from various end-users is propelling the growth of this segment.

• Contract furniture sales in corporate offices accounted for a revenue share of over 42% in 2024. The expanding business environment, rapid creation of IT parks, increase in the number of start-ups, corporate expansion, and increasing commercial zones have led to increased demand for office space and employment, which is further accelerating the market growth.

• Offline sales accounted for a revenue share of over 76% in 2024. Offline sales channels, including direct sales and dealer networks, continue to play a vital role in the growth of the contract furniture market. Manufacturers like Haworth Inc. and Herman Miller Inc.

• North America contract furniture market accounted for a revenue share of 27.62% of the global market revenue in 2024. Companies in the region are increasingly leveraging cutting-edge technologies, such as cloud-based ERP systems, in the contract furniture market.

Browse through Grand View Research's Homecare & Décor Industry Research Reports.

• Home Furnishing Market: The global home furnishing market size was estimated at USD 948.0 billion in 2023 and is expected to grow at a CAGR of 9.0% from 2024 to 2030.

• U.S. Office Furniture Market: The U.S. office furniture market size was estimated at USD 14.90 billion in 2022 and is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.

Segments Covered in the Report

Grand View Research has segmented global contract furniture market based on the product, end-user, distribution channel, and region:

Contract Furniture Product Outlook (Revenue, USD Billion, 2018 - 2030)
• Chairs & Stools
• Tables & Desks
• Storage Furniture
• Sofa & Couch
• Others

Contract Furniture End-user Outlook (Revenue, USD Billion, 2018 - 2030)
• Government
• Corporate Offices
• Institutional
• Healthcare/Medical Facilities
• Hospitality
• Others

Contract Furniture Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
• Offline
• Online

Contract Furniture Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
• Latin America
o Brazil
• Middle East & Africa
o South Africa

Order a free sample PDF of the Contract Furniture Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Business Process Outsourcing Market Set for Growth Driven by Digital Transformation Till 2030

The global business process outsourcing market size is anticipated to reach USD 525.23 billion by 2030, growing at a CAGR of 9.6% from 2024 to 2030, according to a new study by Grand View Research Inc. Factors such as the increasing demand for outsourcing services across human resources, BFSI, and IT & telecommunication industries and the rising inclination of organizations to focus on their core competencies are anticipated to drive the business process outsourcing (BPO) market. Moreover, the evolution of next-generation services such as personalized consumer experience, smart self-service, and rising consumer demand for multi-channel communication is anticipated to create opportunities for the market over the forecast period.

Over the last decade, the industry has experienced tremendous growth owing to benefits offered by business process outsourcing services, such as cost savings and increased flexibility. The global service industry has witnessed a dynamic shift with the advancement of the information and communication technology. Outsourcing business processes enables organizations to cut costs by shifting operations to nearshore or offshore locations, leveraging a low-cost and dynamic talent pool to meet business requirements. Additionally, the rising adoption of cloud-based services, artificial intelligence, and robotic process automation in the BPO sector is expected to favor market growth in the coming years. Online interactions, cross-channel campaigns, and omnichannel communications are expected to be pivotal in improving customer engagement processes.

Gather more insights about the market drivers, restrains and growth of the Global Business Process Outsourcing Market

The global business process outsourcing market continues to experience robust growth driven by several key factors. Technological advancements, particularly in automation, artificial intelligence, and data analytics, are revolutionizing BPO operations, enhancing efficiency, and enabling more sophisticated services. Companies are increasingly focusing on core competencies while outsourcing non-core functions to specialized BPO providers, driving demand for outsourcing services. Additionally, globalization and the expansion of businesses into new markets are fueling the need for scalable and cost-effective solutions, further propelling the market's growth. Moreover, emerging trends such as the gig economy and the rise of digital-first customer service are reshaping the BPO landscape, offering new opportunities for growth and innovation within the industry.

Business Process Outsourcing Market Segments Highlights:

• The Training and Development Outsourcing segment is expected to register the highest CAGR of around 11% over the forecast period. Outsourcing allows companies to tap into a pool of expertise and resources without investing in building their internal learning and development teams. Moreover, training employees requires time and resources from a company's core business activities. Outsourcing T&D frees up internal teams to focus on core competencies and strategic initiatives.

• The onshore segment is expected to register the highest CAGR of 10.0% over the forecast period. Onshore outsourcing minimizes risks associated with intellectual property theft, data security breaches, and political instability, which can be concerns of offshore outsourcing.

• The cloud segment is expected to register the highest CAGR of 11.2% from 2024 to 2030. Cloud-based BPO eliminates the need for companies to invest in expensive hardware, software licenses, and IT infrastructure to manage BPO operations. Cloud providers handle these aspects, leading to significant cost savings.

• The retail segment is expected to register the highest CAGR of 13.6% from 2024 to 2030. With massive data sets and real-time data analysis, outsourcing offers businesses a deeper understanding of consumer expectations. With the aid of a data entry services provider, companies can focus on market trends, best-selling products, and tracking returns, among others, to make informed decisions.

• The Asia Pacific region is expected to register the highest CAGR of around 11.0% from 2024 to 2030. The market is expected to witness significant growth owing to the advances in digital technologies, the increasing number of e-commerce platforms, and the rising preference for outsourcing non-core services across various industries, including telecommunications, BFSI, healthcare, retail, and travel & hospitality.

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• Same Day Delivery Market: The global same day delivery market size was valued at USD 9.90 billion in 2024 and is projected to grow at a CAGR of 20.6% from 2025 to 2030.

• Industrial Communication Market: The global industrial communication market size was estimated at USD 21.15 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global business process outsourcing market based on service type, outsourcing type, deployment, end-use, and region:

Business Process Outsourcing Service Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Finance & Accounting
• Human Resource
• KPO
• Procurement & Supply Chain
• Customer Services
• Sales & Marketing
• Logistics
• Training and Development Outsourcing
• Others

Business Process Outsourcing Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Onshore
• Nearshore
• Offshore

Business Process Outsourcing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• On premise
• Cloud

Business Process Outsourcing End-use Outlook (Revenue, USD Billion, 2018 - 2030)
• BFSI
• Healthcare
• Manufacturing
• IT & Telecommunications
• Retail
• Government & Defense
• Others

Business Process Outsourcing Market Regional Outlook (Market Value, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o Singapore
o Malaysia
• Latin America
o Brazil
o Argentina
• Middle East and Africa
o UAE
o KSA
o South Africa

Order a free sample PDF of the Business Process Outsourcing Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Dental Practice Management Software Market Growth Driven by Digital Transformation

 

The global dental practice management software market size is anticipated to reach USD 5.0 billion by 2030 and it is projected to grow at a CAGR of 10.17% from 2024 to 2030, according to a new report by Grand View Research, Inc. The robust government support and increasing number of dental clinics and hospitals have fueled the adoption of Electronic Dental Records (EDRs)which are primary factors driving the market growth. According to the country’s National Statistics Institute, there were 40,968 registered dentists in 2022 with 21,638 dental clinics in Spain. As more individuals graduate from dentistry schools and colleges and establish their practices, the potential client base expands significantly.

According to the BBC and the British Dental Association (BDA), there were 6.2, 6.0, 4.8, and 4.4 NHS dentists per 10,000 population in Scotland, Northern Ireland, Wales, and England, respectively, as of May 2022. The rising demand for the latest technology for streamlining the administrative process in dental clinics and hospitals is expected to drive the demand for Dental Practice Management (DPM) software. This trend is further supported by various government initiatives in both the U.S. and European countries, contributing to the overall market growth.

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European countries are also undertaking several initiatives to promote oral healthcare services and healthcare IT. According to the report by the Platform for Better Oral Health in Europe, in 2020, an estimated USD 12.39 billion (EUR 11.67 billion) was spent on oral healthcare services in France. Hence, owing to rising government expenditure and greater demand for dental care in the country, the number of dental clinics is steadily increasing. Some of the noticeable initiatives include e-Card (Austria); Interoperable Delivery of European eGovernment Services to Public Administrations, Businesses, and Citizens (IDABC); Norwegian Healthcare System (Norway); Sentillion; Imprivata; Elektronische Gesundheitskarte (Germany); CAREfx; HealthCast, Inc.; IBM Tivoli Access Manager; and Sense.

Moreover, several companies are engaging in partnerships, mergers, acquisitions, and expansion strategies to enhance their market position. For instance, in September 2022, CD Newco, LLC (Curve Dental) partnered with Dental Whale, a prominent practice solution and learning provider in North America. This partnership will provide dental practices with access to various solutions & resources to enhance their operations and improve patient care.

Dental Practice Management Software Market Segments Highlights:

• Based on deployment mode, the web-based segment led the market with the largest revenue share of 56% in 2023. This is attributed to high demand, increased security, and reasonable pricing structure for the solutions

• Based on application, the insurance management segment led the market with a largest revenue share of 22% in 2023, owing to continuous improvement of dental insurance coverage and rise in the number of dental claims

• Based on end use, the dental clinics segment held the market with the largest revenue share of 48% in 2023, owing to the growing need for software to manage patient data and rise in adoption of Electronic Dental Records (EDR) and appointment scheduling platforms

• North America dominated the market with the revenue share of 40% in 2023. This can be attributed to various factors such as increasing healthcare IT expenditure and growing technological adoption in clinical and hospital settings in the region

• In March 2023, Good Methods Global Inc., a cloud-based DPM software provider, partnered with Pearl Group, a dental AI solution provider. The purpose of this partnership is to integrate Pearl’s Second Opinion, a disease detection capability within CareStack’s all-in-one practice management system, along with extended access to CareStack users for Practice Intelligence, a Pearl AI platform

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• Teleradiology Software Market: The global teleradiology software market size was valued at USD 2.0 billion in 2023 and is projected to grow at a CAGR of 10.5% from 2024 to 2030.

• Cloud-based Dental Practice Management Software Market: The global cloud-based dental practice management software market size was valued at USD 721.0 million in 2023 and is projected to grow at a CAGR of 11.4% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the dental practice management software market report based on deployment mode, application, end-use and region:

Dental Practice Management Software Deployment Mode Outlook (Revenue, USD Million, 2018 - 2030)
• On-Premise
• Web-based
• Cloud-based

Dental Practice Management Software Application Outlook (Revenue, USD Million, 2018 - 2030)
• Patient Record Management
• Appointment Scheduling
• Treatment Planning and Charting
• Digital Imaging and Radiography Integration
• Invoice/Billing
• Payment Processing
• Insurance Management
• Lab & X-Ray Orders
• Dental Analytics
• Others

Dental Practice Management Software End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Dental Clinics
• Hospitals
• Others

Dental Practice Management Software Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Denmark
o Sweden
o Norway
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Thailand
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Kuwait

Order a free sample PDF of the Dental Practice Management Software Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Orthopedic Devices Market Growth Driven by Technological Advancements Till 2030

The global orthopedic devices market size is anticipated to reach USD 80.8 billion by 2030 and is projected to grow at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for orthopedic surgeries are mostly due to road accidents and orthopedic diseases is driving the market growth. The annual report on road accidents by the Indian Ministry of Road Transport and Highways reveals that in 2022, the states and Union Territories (UTs) reported a total of 461,312 accidents resulting in injuries to 443,366 individuals. The figures show a rise of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries as compared to the 2021.

The increase in the obese population is another important factor likely to boost market growth. Obesity in the aging population is directly reported to increase the risk of degenerative bone disorders, such as osteoarthritis & osteoporosis, resulting in fracture & target injury owing to extra pressure exerted on the joints. According to the 2023 World Obesity Atlas report, over 50% of the global population will suffer from obesity and overweight unless there are improvements in treatment, prevention, and support.

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The expansion of reimbursement coverage plays a vital role in providing patients access to orthopedic surgeries and contributes positively to the availability of orthopedic workforce resources. The Patient Protection and Affordable Care Act (PPACA) has played a crucial role in the development of reimbursement coverage. This has led to increased insurance coverage for orthopedic devices, resulting in a larger pool of patients who can now afford orthopedic surgeries, including procedures involving orthopedic devices. In recent years, the Centers for Medicare and Medicaid Services (CMS) and private payers have been extending their coverage for prosthetics and orthotics. This increased coverage has made orthopedic surgeries more accessible and affordable for many patients. As a result, individuals who were previously unable to afford orthopedic procedures can now undergo necessary surgeries with the help of insurance.

Bones & connecting tissues, such as tendons, ligaments, and cartilage, weaken with age, which increases the risk of injuries, especially in knees & shoulders.According to data from the United Health Foundation in 2022, the elderly population in the U.S. is estimated to be around 58 million individuals, which makes up approximately 17.3% of the total population. This number is expected to rise to 22% by 2040, indicating a significant increase in the number of older individuals. As a result, the demand for orthopedic devices is expected to rise in the forecast period.

The major companies operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing product formation and reach. For instance, in June 2023,Johnson & Johnson's orthopedics company, DePuy Synthes, partnered with GE Healthcare to establish a distribution agreement. Through this collaboration, the two companies aim to make GE Healthcare's OEC 3D Imaging System, in addition to DePuy Synthes' extensive product portfolio, more accessible to surgeons and patients across the U.S.

Orthopedic Devices Market Segments Highlights:

• Based on product, the joint replacement/ orthopedic implants segment held the market with the largest revenue share of 41.7% in 2023, owing to the rapidly rising number of knee surgeries, hip replacement surgeries, and spinal implant surgeries

• Based on end-use, the hospitals segment led the market with the largest revenue share of 64.5% in 2023. This can be attributed to significant infrastructure and a growing patient population

• North America dominated the market with the revenue share of 45% in 2023, due to the presence of a large number of major market players and the high adoption of advanced technologies

• Asia Pacific region is expected to witness the fastest CAGR over the forecast period, owing to the growing geriatric population, obesity rate and increasing number of sports injuries in the region

Browse through Grand View Research's Medical Devices Industry Research Reports.

• External Defibrillators Market: The global external defibrillators market size was estimated at USD 3.51 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030.

• Clinical Trial Biorepository & Archiving Solutions Market: The global clinical trial biorepository & archiving solutions market size was valued at USD 4.0 billion in 2023 and is projected to grow at a CAGR of 8.17% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global orthopedic devices market report based on product, end-use, and region:

Orthopedic Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
• Joint Replacement/ Orthopedic Implants
o Lower Extremity Implants
o Knee Implants
o Hip Implants
o Foot & Ankle Implants
o Spinal Implants
o Dental
o Dental Implants
o Craniomaxillofacial Implants
o Upper Extremity Implants
o Elbow Implants
o Hand & Wrist Implants
o Shoulder Implants
• Trauma
o Implants
o Accessories (Plates, Screws, Nails, Pins, Wires)
o Instruments
• Sports Medicine
o Body Reconstruction & Repair
o Accessories
o Body Monitoring & Evaluation
o Body Support & Recovery
• Orthobiologics
o Viscosupplementation
o Demineralized Bone Matrix
o Synthetic Bone Substitutes
o Bone Morphogenetic Protein (BMP)
o Stem Cell Therapy
o Allograft
• Others

Orthopedic Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospitals
• Outpatient Facilities

Orthopedic Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o Spain
o Italy
o France
o Denmark
o Norway
o Sweden
• Asia Pacific
o Japan
o China
o India
o Australia
o Thailand
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Kuwait

Order a free sample PDF of the Orthopedic Devices Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Hearing Aids Market: Innovations in Smart Technology and User-Centric Designs

The global hearing aids market size is anticipated to reach USD 12.57 billion by 2030 and it is projected to grow at a CAGR of 6.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of hearing aid devices, and the growing awareness regarding technologically advanced products for the treatment of hearing loss are some of the factors contributing to the market growth. The World Health Organization (WHO) estimates that by 2050, the number of individuals living with disabling hearing impairment will approach 900 million. Besides that, physiological ear aging, hereditary vulnerability, increasing noise exposure, vascular illness, and chronic inflammation are factors that will contribute to increasing incidence of hearing impairments.

Furthermore, rising public awareness regarding audiological impairment through strong government support and audiology devices is anticipated to create an opportunity for new entrants in the market. For instance, the WHO commemorate World Hearing Day on March 3rd each year to promote awareness regarding hearing loss and safe listening.

Key companies in the sector are improving their products via technological innovation, which is likely to boost market growth throughout the forecast period. For instance, in February 2022, Oticon, Inc. extended its product range to make Oticon's innovative BrainHearing technology accessible. Two new Oticon More miniBTE models have been added to meet the demand for consumers who want compact, inconspicuous behind-the-ear (BTE) choices.

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Hearing Aids Market Segments Highlights:

• Based on product type, the behind-the-ear hearing aids segment led the market in 2023 with the largest revenue share of 40.0% owing to the ease of handling and technological advances

• Based on product type, the canal hearing aids segment is expected to grow at the fastest CAGR over the forecast period

• Based on technology, the digital technology segment held the largest market revenue share of 93% in 2023 and is anticipated to witness the fastest CAGR over the forecast period

• Europe dominated the global market owing to factors such as an increase in the prevalence of deafness and rising awareness regarding technological advancements

• In December 2022, Sonova acquired Hysound Group, a prominent network of audiological care clinics in China, boasting nearly 200 clinics nationwide. This strategic move substantially expanded Sonova's retail presence and provided direct consumer access in the Chinese market

Browse through Grand View Research's Medical Devices Industry Research Reports.

• Orthopedic Devices Market: The global orthopedic devices market size was estimated at USD 60.4 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030.

• External Defibrillators Market: The global external defibrillators market size was estimated at USD 3.51 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global hearing aids market based on product type, technology, sales channel, and region:

Hearing Aids Product Type Outlook (Revenue, USD Million, 2018 - 2030)
• In-the-Ear Hearing Aids
• Receiver-in-the-Ear Hearing Aids
• Behind-the-Ear Hearing Aids
• Canal Hearing Aids

Hearing Aids Technology Outlook (Revenue, USD Million, 2018 - 2030)
• Digital
• Analog

Hearing Aids Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
• Retail Sales
o Company Owned
o Independent Retail
• E-Pharmacy
• Others

Hearing Aids Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Order a free sample PDF of the Hearing Aids Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.