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US hiring is expected to rebound in November, with nonfarm payrolls projected to rise by 220,000 after a modest increase of 12,000 in October, according to economists. The upcoming jobs report will be crucial ahead of the Federal Reserve's policy meeting, highlighting a "healthy but slowing labor market." Increased strike activity and hurricanes have added complexity to recent employment data, making trends harder to interpret.
The Healthcare Consulting Services market is poised for significant growth from 2024 to 2032, driven by increasing digitization, evolving regulations, and a demand for data-driven decision-making. Key services include IT consulting, operational efficiency, and financial management, catering to healthcare providers, payers, and pharmaceutical companies. Major players in the market include Cognizant, Deloitte, and McKinsey & Company, focusing on enhancing patient care and optimizing operations amidst a rapidly changing landscape.
India aims to boost its MedTech market share from 1.6% to 10-12% over the next 25 years, with the sector projected to grow from USD 12 billion to USD 50 billion by 2030. This transformation is driven by a skilled workforce, competitive costs, and supportive government policies, positioning India as a future global leader and exporter in medical technology. Factors such as rising chronic diseases, an aging population, and increased healthcare access further catalyze this growth, alongside advancements in digital healthcare solutions and medical tourism.
India's GDP growth slowed to 5.4% in Q2, the lowest in seven quarters, driven by a significant decline in mining and subdued manufacturing. Economists urge the government to increase infrastructure and revenue spending to stimulate demand and reverse this trend, as capital expenditure fell notably in the first half of the fiscal year.
India's MedTech industry, valued at approximately Rs 99,600 crore in 2023, is projected to soar to Rs 4.15 lakh crore by 2030, driven by a 20.1% CAGR. Key factors include evolving disease patterns, an ageing population, and a shift towards preventive care, with over 70% of innovations in start-ups integrating digital technologies. Government reforms and initiatives are fostering domestic manufacturing, positioning India as a potential global hub for MedTech innovation.
India's real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to a $26 trillion GDP, up from its current 7% share. The proptech market is expected to grow to over $600 billion, representing 12-13% of the real estate industry, driven by innovations like AI, IoT, and BIM.
UBS is poised to outsource thousands of back-office jobs, starting with document printing, as it partners with Chain IQ and SPS. The Uetlihof printing operations are set to cease by the end of 2025, raising concerns over data protection and potential monopolistic pricing in the specialty printing sector. The move signals a broader trend of outsourcing across various banking functions, with implications for the entire Swiss financial landscape.
Over 70% of innovation in Indian MedTech startups is driven by digital integration, according to an EY Parthenon report. Indian companies are expanding their global presence by offering cost-effective products and embedding innovation, while global MNCs are transferring core capabilities to Global Capability Centers in India, solidifying the country's role as a MedTech innovation and manufacturing hub.
India's MedTech sector, valued at USD 12 billion in 2023, is projected to reach USD 50 billion by 2030, driven by digital integration in over 70% of innovations from startups. Key growth factors include changing disease patterns, demographic shifts, and supportive government initiatives, positioning India as a global hub for MedTech innovation.
India's MedTech sector is experiencing significant growth, driven by digital integration, with over 70% of innovations from startups incorporating advanced technologies like AI and IoT. Valued at USD 12 billion in 2023, the market is projected to reach USD 50 billion by 2030, fueled by supportive government policies and a vibrant startup ecosystem. Key growth factors include changing disease patterns, demographic shifts, and evolving industry dynamics, positioning India as a potential global hub for MedTech innovation.
EY
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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