HR Analytics Market- North America garnered the largest market share

 The global HR analytics market is expected to witness a growth of 12.8% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global HR analytics market accounted for US$ 2.33 Bn in 2018 and is likely to witness a notable growth, growing at a CAGR of 12.8% during the forecast period from 2019 to 2027. HR departments in various organizations are increasing their proficiencies from outdated reporting to the usage of analytics for real-time information on employee opportunities, issues and provision of enhanced solutions. Over time, the role of human resource has developed from an administrative function towards more planned partnership. A major driving force behind this evolution has been the continuous advancement in the technology. Rising demand for scaling up the efforts of HR personnel coupled with growing to requirement for automating the HR processes and facilitate the workforce engagement is boosting the market for HR analytics worldwide.  

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The HR analytics market is segmented on the basis of component, deployment mode, application, end-use vertical and geography. Based on component, the solution segment led the market in 2018 and is likely to dominate the market during the forecast period from 2019 to 2027. Growing adoption of HR analytics solutions across several end-use verticals is boosting the segment growth worldwide. Various organizations across the globe are implementing HR analytics solutions for refining and uplifting the overall experience and performance of the employee. These solutions also involve the employees in various activities, helping them nurture in an improved and healthier manner. Furthermore, based on geography, North America ruled the HR analytics market in 2018. The region is expected to continue with its reign during the forecast period. Growing investments in HR analytics is increasing at a greater extent as the use of data has become more evident in all functions.

Competitive Insights:

Major players in the HR analytics market include Oracle Corporation, SAP SE, Workday, Inc., The Sage Group plc, Kronos Incorporated, MicroStrategy Incorporated, International Business Machines Corporation, Tableau Software, Zoho, Crunchr, Visier Inc., GainInsights, Sisense Inc., and Talensoft among others. The major players are focusing on taking up strategies such as partnerships, product innovation, etc. to endure and stand out in the competitive market environment. For instance, in February 2019, Crunchr, one of the specialized HR Tech Company entered into a partnership with Mercer, which is one of the world’s largest human resource consulting firm. The two companies joined forces in order to bring HR to another level. The workforce or HR analytics solution from Crunchr will enable Mercer to set clear workforce priorities and develop a strategy for addressing them.

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HR Analytics Solution Garnered the Largest Market Share in 2018

In 2018, based on component, the solution segment led the market and is expected to retain its dominance in the years to come. The use of HR analytics is significantly transforming the human resource strategy. With time, HR analytics solutions are seen as one of the critical tools that are shaping the future business strategy. The globalization of businesses, changing demographics and patterns of mobility alter continuously, changing the nature of work and the worker. Due to this change, the HR is required to become the provider of human capital analytics, which helps them in planning, developing, hiring, retaining and engaging key talents and also make strategic business decision-making. As a result, various organizations across the globe are implementing HR analytics solutions which help their HR department in improving the employee’s overall experience and involves them in various activities that help them grow in a better manner. Consequently, a significant increase in the adoption of HR analytics solutions is expected to lift the overall growth of the market during the forecast period.

Adoption rate of HR analytics in North America has been strong

In 2018, North America garnered the largest market share in the HR analytics market and will continue with its supremacy during the forecast period from 2019 to 2027. In the recent years, the adoption HR analytics in North America has become stronger and higher in comparison to other regions. In the overall regional market, 22% of companies have espoused HR analytics and 11% have adopted the role itself. The industries with the most prevalent adoption of HR analytics are tech-software and finance. Also, as the region is an early adopter of new technologies and a major hub for technological innovations, various organizations in the region are incessantly focusing on improving their workforce efficiency and are employing the best practices for HR set-ups. Moreover, the presence of some leading players in the region including Oracle Corporation, International Business Machines Corporation, Workday, Inc., etc. is altogether supporting the adoption of HR analytics.

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Connected Agriculture Market- North America held Largest Share

 The global connected agriculture market is expected to witness a growth of 16% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global connected agriculture market accounted for US$ 1.7 Bn in 2018 and is expected to witness a considerable growth, mounting at a CAGR of 16 % during the forecast period from 2019 to 2027. With the increase in population the demand for food is also increasing at a greater extent. Population of this scale has brought and will bring lot of challenges, and food production is amongst the important. Connected agriculture have the capability to offer farmers with skills and knowledge to increase the productivity of the farms by providing systems and solutions like smart irrigation, yield monitoring, etc.  Connected agriculture integrates advanced technologies with existing agricultural practices to increase production efficacy and quality of agricultural products. These advanced digital technologies are now making it possible to collect and leverage huge amounts of critical data at minimal costs, thereby making farming operations more insight-driven, and potentially more efficient and productive.

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The farmers across the globe are gradually adopting these state-of-the-art technologies. Greater use of digital technologies in agriculture is important for improving a farm’s financial performance as it also offers various financial services to the farmers like insurance service, micro-lending service, and various mobile payment methods. It provides farmers with the regular updates about weather which thereby minimizes the risk of loss. As a result, increasing demand of advanced technology and dependency on IoT for various farming practices is expected to boost the connected agriculture market during the forecast period from 2019 – 2027.

The global connected agriculture market is segmented on the basis of component, application, Offerings and geography. Based on component, solution segment led the market in 2018 and is likely to dominate the market during the forecast period. The growth of this segment is mainly attributed to increasing adoption of several solutions across various end-use applications. The solution segment further comprises of network management solutions, smart water management solution, agriculture asset management solutions, etc. These are technology based solutions which monitors the yield of the crops, health of livestock, monitor the water levels of crops etc. Furthermore, based on geography, the connected agriculture market was dominated by North America in 2018 due to the widespread acceptance of various state-of-the-art farming practices.  On the other hand, Asia Pacific is expected to grow as the fastest growing region and provide more opportunities for the vendors as well as farmers through connected agriculture in the coming years.

Competitive Insights:                                        

Major players in the connected agriculture market John Deere & Company, Raven Industries Inc., Hexagon Agriculture, Decisive Farming, Trimble Inc., The Climate Corporation, DICKEY-john, GEA Group, Precision Planting, LLC and Teejet Technologies. among others. The major players of connected agriculture are implementing strategies like partnership, development of product etc.

For instance, in August 2019, Raven Industries Inc. has launched a new spraying tool for increasing efficiency and profits of agriculture retailers. The VNS system allows spraying at the speed of more than 20 mph and uses non-contact stereo vision camera to navigate rows, which allows cover more acres in a day and causes  crops damage.

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Solution Segment is expected to hold the Largest Market Share in 2018

In 2018, the solution segment held for the largest share in the global connected agriculture market and is expected to continue with its dominance during the forecast period as well. Crop yield depends upon various factors like rainfall, humidity, temperature, condition of soil and variety of seeds. As a result of this, it becomes very difficult for farmers to interrelate those factors which will hamper the productivity of the farms. Connected agriculture permits in associating the available data which thus help farmers to increase the yield of crops. Also, there is a huge demand for collecting data through sensors for minimizing losses due to uncertain weather conditions. Solution segment also consist of technologies such as water management system, which by detecting heat and moisture from soil ensures adequate supply of water to the crops.

North America held Largest Share of Connected Agriculture Market

In 2018, North America represented the largest market for connected agriculture across the globe and is likely to dominate during the forecast period from 2019 to 2027. The growth of this region is mainly accredited to the countries including U.S. government bodies in North American region provide great support for several advanced agriculture and farming technologies for increasing the production and to fulfill growing demand of food grains. Also, people in the U.S. and other countries are readily adopting and accepting advanced technologies that can be further implemented in the several farming practices. Dependency of people on various hand-held devices[S1]   like mobiles, computers etc. that uses IOT and early adoption of these technologies is boosting the market growth in the region. Furthermore, Asia Pacific is expected to witness a significant growth in connected agriculture market in the years to come as farmers in the region are gradually adopting modern methods of connected agriculture. Countries including india and China are expected to have largest market for connected agriculture in Asia Pacific region. Owing to large number of farming lands, there will be an increased demand of advanced farming methods in order to meet rising demand of food.

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Public Safety Wireless Communication Systems Market Expected to Reach US$ 25.60 BN

 The global public safety wireless communication systems market is valued at US$ 12.75 Bn in 2018 and is expected to reach US$ 25.60 Bn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027.

Market Insights

The combination of factors including data & analytics, artificial intelligence (AI) and crowdsourcing among others are propelling the growth of the public safety wireless communication systems market. Cyber security threat poses as a major challenge and to overcome this challenge measures are taken by the technology companies to ensure data security. This may hinder the growth of the public safety wireless communication systems market. Public safety communication systems is a wireless communication technology used for emergency services, by police department, fire department, medical services to prevent incidents which endangers public safety. It is an interdepartmental collaboration between multiple organizations involving police force, criminal justice and emergency response services. Through the help of this network information sharing and functional interoperability needs for public safety are addressed.

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Based on type, Digital segment is leading the public safety wireless communication market as data can be exchanged seamlessly using digital platforms as compared to analog systems. The effectiveness and efficiency of response in emergency situations can be greatly improved as information flow gets enhanced through digital signals. For instance, fire department, police department and defense & military can use data analytical tools to detect and capture data important to public and national security. The rapid adoption and application of digital technology is expected to propel the growth of the public safety wireless communication systems market.

Based on geography, public safety wireless communication systems market is dominated by North America region in terms of revenue, owing its dominance to the implementation of digital age products such as AI. Asia Pacific region to witness fastest growth throughout the forecast period, owing to an upsurge in its smart city projects and increasing adoption of security solutions to counter terrorism and natural disasters. The emerging countries such as China and India of the APAC region provide enormous opportunities of growth, due to ever-growing incidents of terrorist activities and natural disasters among others. Thus bolstering the growth of the public safety wireless communication systems market.

Digital Signals to Dominate and Register Maximum Growth throughout the Forecast Period

Based on type, the global public safety wireless communication systems market is categorized into Analog Signals and Digital Signals. The widespread use of digital signals technology has overshadowed the market for analog signals technology which was a dominant technology over the past few decades. The adoption of digital products worldwide has led to the dominant position of digital signal technology. Digital signal is followed by Analog signal, which is gradually losing its popularity due to the replacement of this technology by digital technology. Digital signal is expected to register faster growth during the forecast period of 2019-2027. The demand for digital signals is fuelled by the advances made in this technology, which in turn propels the growth of global public safety wireless communication systems market.

North America Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

North America region dominates and is the leader of the market, contributing largest revenue share to the global public safety wireless communication systems market followed by Europe and Asia Pacific respectively. This is due to emergence of advanced technologies and its implementation by various organizations in this region. North America being the early adopter of digital technology, which drives the growth of the public safety wireless communication systems market in this region. In contrast, Asia Pacific is set to register the fastest and largest growth during the forecast period. This growth is associated with the emergence of smart cities, increased terrorist activities and rising natural disasters among others, which creates the demand for effective and efficient public safety systems. Thus bolstering the growth of the public safety wireless communication systems market in this region.

Some of the leading manufacturers/developers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.

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Autonomous Vehicle Market expanding at a CAGR of 35.6%

 The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027.

Market Insights

An Autonomous vehicle, sometimes also referred as a self-driving vehicle (SDV) uses technologies such as Artificial Intelligence (AI), LiDAR and Radar sensing for creating a 3D map in order to sense the environment and travel from one destination to another without human interference. Since it eliminates the need for a driver, it reduces operating costs for car rental service providers such as Uber, and Lyft among others. In addition, an autonomous vehicle helps customers to lower mobility cost by offering greater flexibility in terms of transportation to desired location, thereby providing a market for transport as a service (TaaS) and gradually lowering individual vehicle ownership rate. On the flip side, it raises the concerns on unemployment as humans will be replaced by robots.

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Autonomous vehicles such as robo-taxis operate on Autonomous Mobility on Demand (AMoD) service, touted to be one of the most rapidly adopted applications of autonomous vehicles, especially in developed economies such as the U.S., the UK among others. Automotive industry is going to see huge transformation due to growing R&D in autonomous vehicles, strict government regulations & inclination of automotive manufacturers towards the technology. Rising emissions have created a huge demand for fuel efficient and emission free vehicles. Robotic assistance is expected to be the solution for emission free and fuel efficient environment.

However, as mentioned earlier, unemployment will become a major issue as soon as this technology becomes fully commercial since humans will be replaced by robots. Cyber security threats will be higher as terrorists and hackers can exploit it by hacking into multiple models at the same time. Furthermore, huge capital investment and consequent need to increase R&D expense may pose challenge to new entrants in the market.

Autonomous vehicles is segmented by level of autonomy into two categories, namely semi-autonomous and fully autonomous. Autonomous vehicles with semi- autonomous technology represents those vehicles in which computer can handle two or more tasks simultaneously, while fully autonomous technologies are those which allow drivers to safely turn their attention away while driving. Fully autonomous is further categorized in two types namely: L4 autonomy and L5 autonomy. In L5 autonomous vehicle, the vehicle doesn’t require human interference as it is fully automated. Currently, the L4 vehicles are being monitored by human backup drivers and are geo-fenced whereas L5 vehicles are still being envisioned.

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Europe represents the largest autonomous vehicle market followed by North America. Europe is anticipated to witness strong growth as countries such as Germany, France, and the U.K. etc. are aggressively focusing on developing related infrastructure to test and deploy autonomous vehicles on large scale. Developing economies such as China, India, Japan and South Korea among others are also not lagging behind and are slated to become attractive markets in the years to come. The combination of factors including developing transport infrastructure, rapid urbanization and increased focus on environment & vehicle safety in countries such as China, Japan, and India is contributing towards growing demand in Asia-Pacific region.

Europe Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

In 2018, Europe was the largest region which contributes a large part of value to the global autonomous vehicle market followed by North America and Asia Pacific respectively. Europe accounts for around 30% of the market share of global autonomous vehicle market. This is attributable to the significant growth in development of infrastructure observed across countries such as Germany, France, and the UK among others. Currently, new players from technology sector and mobility startups are leading and huge investments made by manufacturing organizations in research & development is projected to encourage the Europe autonomous vehicle market growth in the upcoming years. In contrast, North America is anticipated to register robust growth, during the initial years due to presence of state of the art infrastructure and rapid adoption of advanced technology in the region.

Some of the major autonomous vehicle manufacturers operating in the market include Tesla, Inc., Daimler AG, Lyft, Inc., Uber Technologies Inc., Volkswagen AG, Volvo Car Corporation, Waymo LLC, Ford Motor Company, General Motors Company, BMW AG, and Aptiv PLC among others. In addition, large number of collaboration between technology providers and manufacturers in the market is expected to further strengthen the competitive landscape of autonomous vehicle market worldwide.

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Keylock Switches Market: Double-Pole Switch Segment Dominated the Global Market

 The global keylock switches market is set to grow with a CAGR of 4.0% during the forecast period.

Market Insights

The keylock switches are ideally used to manage the safety of industrial environments with utmost simplicity. Factors such as increasing importance of operational efficiency, and safety of the equipment and machinery, and automation of the production equipment are driving the growth of keylock switches market. Also, companies operating in this field are developing new and innovative products that are adding to the existing product line.

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Furthermore, technological advancements and increasing demand of keylock switches in the manufacturing plants comprising of heavy machinery are also enhancing the growth of this market. Moreover, increasing range of end-use applications, miniaturization of devices and extraordinary demand for safer equipment are also fueling the growth of this market. However, availability of alternative low cost options are expected to restrain the growth of the keylock switches market during the forecast period.

Based on type, the double-pole keylock switch led the keylock switches market by holding a market share of over 60%. The double-pole keylock switches offer low cost key operated security in contradiction of unplanned or unauthorized access. The industrial applications of double-pole keylock switches are increasing rapidly based on growing industrial sector. Importance of safety and security is high in the end use industries, and thus, is expected to drive the growth of the keylock switches market during the forecast period.

Based on geography, North America held the largest market share of more than 38% in 2018. Increasing developments in the consumer electronics and appliances industry and telecommunication industry in this region is fueling the growth of this market. However, developing regions such as China, Brazil, and India offer numerous growth opportunities for the key players based on technological advancements, and developing manufacturing sector. This is projected to enhance the market in Asia-Pacific region.

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Double-Pole Switch Segment Dominated the Global Market

In 2018, double-pole keylock switch led the keylock switches market by holding a market share of over 60%. The double-pole keylock switches offer low cost key operated security in contradiction of unplanned or unauthorized access. The industrial applications of double-pole keylock switches are increasing rapidly based on growing industrial sector. Importance of safety and security is high in the end use industries, and thus, is expected to drive the growth of the keylock switches market during the forecast period.

North America to Dominate the Market by Region

In the global keylock switches market, North America held the largest market share of more than 38% in 2018. Increasing developments in the consumer electronics and appliances industry and telecommunication industry in this region is fueling the growth of this market. However, developing regions such as China, Brazil, and India offer numerous growth opportunities for the key players based on technological advancements, and developing manufacturing sector. This is projected to enhance the market in Asia-Pacific region.

Some of the prominent players operating in the keylock switches  market include TE Connectivity, CWT, C&K, E-Switch, Grayhill Inc., Crouzet, CTS Electronic Components, Apem (IDEC), Omron, Wurth Electronics, NKK Switch, Nidec Copal Electronics, Hartmann, ALPS, and ITW Group.

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At CAGR of 11.5% Radiofrequency Ablation Devices Market to Hit US$ 7.10 bn by 2028

 The radiofrequency ablation devices market size is expected to reach over US$ 7.10 billion by 2028. The increasing prevalence of oncology, cardiovascular, and metabolic diseases in the geriatric population are the key factors for radiofrequency ablation devices market growth. The radiofrequency ablation devices market report further mentioned that the market size raised at US$ 2.98 billion in 2019, and it is likely to exhibit a Compound annual growth rate (CAGR) of 11.5% during the forecast period 2020 to 2028.

The increasing prevalence of oncology, cardiovascular, and metabolic diseases

The increasing prevalence of oncology, cardiovascular, and metabolic diseases such as brain cancer, lung cancer, chronic heart failure, arrhythmia, and type 2 diabetes in the geriatric population are the key factors for radiofrequency ablation devices market growth. The preference for minimally invasive surgeries is the key factors for the radiofrequency ablation devices market growth. According to a recent report published in November 2019, by the International Diabetes Federation division Diabetes Research and Clinics Practice, The global diabetes prevalence in 2019 is estimated to be 9.3% (463 million people), rising to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. The prevalence is higher in urban (10.8%) than rural (7.2%) areas, and in high-income (10.4%) than low-income countries (4.0%). Furthermore, the increasing technological advancements and awareness for early diagnosis of chronic diseases such as arthritis and osteoporosis coupled with improving healthcare infrastructure are some other key factors for the market growth.

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Rising demand from developing countries

The rising demand for radiofrequency ablation devices in developing countries such as India, China, and Brazil and the increasing use of ultrasound ablation technology in the radiofrequency ablation devices market is also encouraging the popularity of these devices. Furthermore, the increasing elderly population worldwide along with rising life expectancy are the key factors for the market growth over the upcoming years.

Alchemy Research and Analytics LLP, has observed the impact of the ongoing COVID‑19 pandemic on the radiofrequency ablation devices market for the years 2020 and 2021. As per our extensive secondary and primary research, the demand for radiofrequency ablation devices has increased due to rising concern among consumers towards the diagnosis of chronic diseases. However, the halt in the manufacturing industry across the world has decreased the supply of raw material final products worldwide. Hence, the radiofrequency ablation devices market is severely impacted during the COVID-19 period.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the radiofrequency ablation devices market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The radiofrequency ablation devices market is highly fragmented.

Alchemy Market Research lists out the names of key market players in the radiofrequency ablation devices market. They are as follows:

• Avanos Medical Inc.
• Stryker
• Abbott
• Medtronic
• Boston Scientific
• Bard(BD)
• Angiodynamic
• Hologic
• Articure
• Merit medical

A Significant Industry Development-

• October 2020: Stryker one of the world’s leading medical technology company launched Niagara Lateral Access System with the completion of 600 surgeries. Stryker offered a comprehensive and integrated portfolio of minimally invasive lateral solutions with the addition of Niagara for treating spinal deformities in skeletally mature patients. The Niagara Lateral Access system is designed to enhance control through precision, visibility, and flexibility during the procedures. The instruments are designed for all kinds of lateral lumbar surgeries.

Further Report Findings-

• The Asia Pacific is presumed to witness the fastest growth in the years to come due to rising consumer awareness for diagnosis of oncology, cardiovascular, and metabolic diseases and rising launch of advanced technology such as multi-needle electrode showcasing accuracy and cost-effectiveness is expected to grow the market in the region.
• North America accounted for the largest share in the global radiofrequency ablation devices market due to the developed healthcare infrastructure along with the high adoption of technologically advanced solutions, high purchasing power, and government support for quality healthcare.
• Based on product type, the radiofrequency ablation devices market is divided into devices and disposables. Disposable is used in each ablation surgery. These disposable used to transmit the electric current to the target tissue. Disposable equipment is the main component of the radiofrequency ablation procedure.

Report Scope by Market Segments

By Product

• Disposable Equipment
• Capital Equipment
• Reusable Equipment

By Application

• Surgical Oncology
• Cardiology & Cardiac Rhythm management
• Cosmetology
• Gynecology
• Pain Management

Regional Perspective

• North America (U.S., and Canada)
• Europe (U.K., Germany, France, Spain, and Rest of Europe)
• Asia-Pacific (Japan, China, India, and Rest of Asia- Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• The Middle East & Africa (Saudi Arabia, UAE, and Rest of the Middle East & Africa)

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Physical therapy rehabilitation solutions market to reach over US$ 39.0 Bn by 2028

 The physical therapy rehabilitation solutions market size is expected to reach over US$ 39.0 billion by 2028. The rising cases of road accidents along with growing product launches are the major factors for physical therapy rehabilitation solutions market growth. The physical therapy rehabilitation solutions market report further mentioned that the market size raised at US$ 23.3 billion in 2019, and it is likely to exhibit a Compound annual growth rate (CAGR) of 7.9% during the forecast period 2020 to 2028.

The increasing prevalence of road accidents

The increasing prevalence of road accidents along with rising product launches by key market players are the key factors for global physical therapy rehabilitation solutions market growth. According to the latest article published by World Health Organization (WHO) in February 2020, approximately 1.35 people die each year in road traffic crashes. As per the same report, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Moreover, road traffic injuries among the age of 5-29 years are the highest. However, the lack of skilled professionals is one of the key restraints for the market growth in the years to come.

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Rising collaborations and partnerships

The rising strategic partnerships and collaborations among key players are another key factor anticipated to enhance the global physical therapy rehabilitation solutions market growth over the forecast period. For instance, in April 2020, MTI physical therapy, a network of clinics in Washington State has partnered with MedBridge to provide effective care and patient support during the COVID-19 crisis. MTI is committed to patient care with low volume, one-to-one, evidence-based care. To accommodate social distancing protocols, MTI has also launched the option of remote therapy via MedBridge’s Telehealth Virtual Visits solution. MedBridge’s Telehealth Virtual Visits solution allows MTI to remotely care for patients in real-time, providing a HIPAA-compliant method for continuing treatment plans during the ongoing COVID-19 crisis.

Alchemy Research and Analytics LLP, has observed the impact of the ongoing COVID‑19 pandemic on the physical therapy rehabilitation solutions market for the years 2020 and 2021. As per our extensive secondary and primary research, the demand for physical therapy rehabilitation solutions has decreased.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the physical therapy rehabilitation solutions market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The physical therapy rehabilitation solutions market is highly fragmented.

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Key market players in the physical therapy rehabilitation solutions market. They are as follows:

• Reflexion Health
• AC international East
• Cerner Corporation
• Kareo Inc.
• Therapy Sync
• eviCore Healthcare
• Meditab
• iSalus
• Smith and Nephew
• CoRehab srl
• Hinge Health Inc.
• Sword Health Inc.
• Mira Rehab Limited
• Motekforce Link
• Gesturetek Health

A Significant Industry Development-

April 2020: ATI Physical Therapy (ATI), one of the nation’s largest providers of physical therapy services, announced the launch of its online physical therapy service offering to maintain continuity of care and allow easier access for patients, given the constraints and challenges presented by the COVID-19 pandemic. ATI’s telehealth solution is a personalized and tailored online option for patients. ATI’s new online service is an immersive, digital physical therapy experience. The virtual service offering combines best-in-class digital screening tools, comprehensive musculoskeletal (MSK) evaluations, expert advice, in-depth content and video messaging all in a secure environment. New patients will have online PT as an option, following a structured initial screening to ensure appropriateness of virtual therapy.

Further Report Findings-

• The Asia Pacific is projected to witness the fastest growth in the years to come due to rising road accidents and product launches by key market players in the region. The rising awareness among consumers for physical therapy is another key factor anticipated to enhance regional growth over the upcoming years.
• In 2019, North America accounted for the largest share in the global physical therapy rehabilitation solutions market owing to the presence of key market players along with increased product launches by key players in the industry.
• Based on solution, the physical therapy rehabilitation solutions market is bifurcated into hardware and software. The hardware category accounted for the largest share in 2019 and accounted for over 60% of the market revenue share in the same year. This is mainly due to manufacturers are engaged in the development of hardware solutions to physical therapy rehabilitation solutions. Besides, the software category is presumed to witness the fastest growth over the forecast period.

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