Hospital-acquired infections (HAI) are infections acquired in healthcare facilities as a result of extended patient stays, poor hygiene, contaminated rooms or instruments, and congested waiting rooms.
A smart home has its devices interconnected through the internet, which control functions such as security access to the home, temperature, lighting, and home theater.
The integration of AI & ML technologies in sports analytics solutions and the proliferation of wearable technology are expected to offer growth opportunities for the players operating in this market.
The rising adoption of AR & VR technology to enhance consumer experiences and the rising demand for interactive kiosks in the retail sector is expected to create market growth opportunities.
The Fitness Equipment Market is forecasted to grow to $56.22 billion by 2031, with a CAGR of 4.6% from 2024 to 2031. Fitness equipment includes various exercise machines and devices used at home or in commercial fitness centers.
The growth of this market is attributed to the high prevalence of obesity and cardiovascular diseases, technological advancements in home fitness equipment, rising disposable income.
The region's market share is attributed to strict water and wastewater discharge regulations, demand for sustainable water management, and increasing installations of Archimedean screw pumps.
rapid urbanization and a rising emphasis on sustainable construction are expected to provide opportunities for market growth. Furthermore, fluctuating raw material prices pose challenges for market growth.
The growing inclination towards home-based workouts due to their convenience & accessibility and the rising demand for virtual training sessions are expected to create market growth opportunities.
The growth of this market can be attributed to various factors, such as the increasing burden of Alzheimer's disease globally, rising prevalence of risk factors, increase in research funding, introduction of innovative technologies