Connect with us

Latest News

Global Multiparameter Patient Monitoring Market Is Expected To Grow At A CAGR Of 4% During The Forecast Period 2020–2025

Published

on

The global multiparameter patient monitoring market is expected to grow at a CAGR of over 4% during the period 2019–2025. The global multiparameter patient monitoring market is likely to witness absolute growth because of the increasing application in hospitals, home care settings, and ambulatory surgery centers (ASCs). These devices are widely used in ICUs, emergency departments, and general wards to continuously monitor vital signs such as heart rate, blood pressure, and respiration rate. The introduction of advanced technologies, such as real-time, continuous, and remote patient monitoring (RPM), is expected to influence the market during the forecast period.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91037

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Key Vendors

• NIHON KOHDEN
• Koninklijke Philips
• OSI Systems
• Shenzhen Mindray Bio-Medical Electronics
• GE Healthcare

Insights by Vendors

The market is highly competitive and characterized by the presence of global, regional, and local players offering multi-parameter patient monitoring devices. Key players are expected to maintain a strategic focus on North America and Europe as they are the top two major revenue contributors. Leading players are likely to focus on expanding portable/compact multiparameter monitors product portfolio as the demand for such devices is expected to increase among end-users. Local manufacturers, in particular, Chinese and Japanese manufacturers, are expected to offer stiff competition to global players. The market is likely to witness technological advancements and significantly affect new product launches. Global players are focusing on developing innovative products and expanding their product portfolio to remain competitive in the market. They are expected to invest extensively in R&D and product development related activities.

The following factors are likely to contribute to the growth of the multiparameter patient monitoring market during the forecast period:

• Growing Demand for Real-time Patient Monitors in Critical Care
• Increasing Target Patient Population with Various Diseases
• Rising Demand for Multi-parameter Patient Monitors in Home-care Settings
• Growing Demand for Portable/Compact Multi-Parameter Monitors

Multiparameter Patient Monitoring Market: Segmentation

This research report includes a detailed segmentation by devices, acuity level, patient group, end-user, and geography. The portable monitoring devices segment is likely to grow at the fastest CAGR during the forecast period. The ease of remotely monitoring and the availability of portable features are expected to increase their application in-home care settings and enable real-time vital signs monitoring. These devices reduce continuous monitoring costs and decrease frequent hospital visits. There has been increased adoption of advanced RPM platforms in the remote healthcare market. The demand for real-time, remotely, and continuous patient monitoring is adding new dimensions to the global telehealth market. Moreover, the usage of portable systems enables hospitals to shift the patient from intense care units to normal wards without switching off multiparameter patient monitor systems.

The launch of advanced portable monitoring devices is likely to hinder the growth of fixed devices. Fixed monitors are majorly used in hospitals and ASCs. These devices limit the mobility of patients and are less preferred by healthcare providers. These types of devices have a high risk of losing data during power outages. Hence, these devices are less preferred and are expected to experience steady growth in the market.

The high-acuity segment is likely to grow due to the growth in the occurrence of chronic diseases that require continuous monitoring. The demand for high-acuity monitors is expected to increase as patient monitoring in high-acuity conditions is a major priority for healthcare providers. However, these systems have a limitation due to restricted area usage and are only used in ICUs and operation theaters. Hence, there is a lower demand than low-acuity devices.

The mid-acuity level is expected to grow at the slowest rate on account of the low availability of vendors offering such monitors. These types of monitors are used in ambulances, and the patient’s condition is unpredictable in such circumstances. Hence, ambulances prefer high-acuity monitors over mid-acuity, which is likely to impact the sale of these devices adversely.
The low-acuity level segment is expected to grow at the fastest rate. The growth is majorly driven due to the low cost of low-acuity monitors, which is expected to bolster the demand for these devices from developed and developing regions. These monitors are portable and offer advanced features of RPM that enable healthcare professionals to monitor the patient continuously. Hospitals are likely to emerge as the major end-user for these advanced feature monitors due to their cost-effectiveness.

The geriatric group segment dominates the segment and is expected to grow at the fastest rate because of the increasing elderly population that is vulnerable to chronic diseases and often requires immediate medical interventions. According to the WHO, there were around 962.3 million people aged 60 and above in 2017, and the number is expected to reach 2,080.5 million by 2050 globally, which is expected to impact the segment positively. The increasing number of premature births is likely to lead to the demand for pediatric multiparameter patient monitoring equipment. Around 15 million babies are born prematurely throughout the globe annually, and the number is growing YOY. These systems enable healthcare professionals to monitor heart rates, respiration levels, and vital organs to ensure the healthy growth of premature infants. The adult group segment is expected to grow gradually due to the increasing prevalence of chronic diseases such as diabetes, cancer, and asthma in the adult population. The change in lifestyle patterns, lack of physical activities, and the increasing work-related stress both in developed as well as developing countries are likely to promote the sales of these devices.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91037

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

The hospital segment is expected to grow during the forecast period due to the usage of patient monitoring devices in the emergency care setting, surgical units, and special wards to monitor the health condition regularly. The home care setting segment is expected to grow at a steady rate on account of the increasing awareness and adoption of home care monitoring systems. These devices enable to monitor vital signs at home and avoid regular hospital visits. This is considered to reduce hospital costs and help individuals to monitor their health regularly. Ambulatory surgery centers (ASCs) are likely to grow at the fastest rate as these centers are cost-effective and offer high-quality care with a minimal indirect treatment cost. Chronic disease patients that do not have insurance coverage are expected to prefer these healthcare settings over hospitals. The cost of surgeries in these centers is also significantly low than in hospitals. Hence, the demand for same-day discharge (SDD) procedures is rapidly increasing, and the demand for access to multiparameter patient monitoring devices is likely to increase in these centers.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Devices
4.4.2 Market Segmentation by Acuity Level
4.4.3 Market Segmentation by Patient Group
4.4.4 Market Segmentation by End-users
4.4.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The study considers the present scenario of the global multiparameter patient monitoring market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Key Market Insights

The analysis of the multiparameter patient monitoring market provides sizing and growth opportunities for the forecast period 2020–2025.
• Offers sizing and growth prospects of the multiparameter patient monitoring market for the forecast period 2020–2025.
• Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
• Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
• Delivers a complete overview of segments and the regional outlook of the multiparameter patient monitoring
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Reports:

Malawi: Wallets and Small Cases Market
Madagascar: Wallets and Small Cases Market
Lesotho: Wallets and Small Cases Market 
Kenya: Wallets and Small Cases Market
Ivory Coast: Wallets and Small Cases Market
Guinea: Wallets and Small Cases Market
Ghana: Wallets and Small Cases Market
Gambia: Wallets and Small Cases Market 
Gabon: Wallets and Small Cases Market 
Ethiopia: Wallets and Small Cases Market
Equatorial Guinea: Wallets and Small Cases Market
Egypt: Wallets and Small Cases Market
Republic of the Congo: Wallets and Small Cases Market
Chad: Wallets and Small Cases Market

Continue Reading
Comments

Latest News

The History and Evolution of Slot Machines

Published

on

By

Slot machines are part of the gambling culture nowadays. Almost all casinos worldwide have a variety of slot machine games that gamblers can choose from. The history of slot machines was not as advanced as what we see now. Like all inventions, slot machines had humble beginnings. However, throughout the years, this form of gambling has taken long strides to make wagering more fun and convenient. What is the history and evolution of slot machines? 

The invention of slot machines

Looking back to what slot machines looked like many decades ago, there have been major developments over the years that advanced gambling experiences. The history of the first slot machine can be traced back to 1891, when nickel-in-the-slot machines started being popular. 

These machines were not primarily about gambling but served as a pastime and form of entertainment. For example, one of the first nickel-in-the-slot machines initiated a race of horse figurines after putting some money in the machine. Slot machines started taking the form of gambling after the invention of the machine that would balance out coins. If your coin made the other side tip, you would win all the money.

Jackpot slot machines

From then, mechanical engineers figured out a way to create jackpot slot machines that would have random results after cranking the wheel. These jackpot machines were a far cry from forex trading since foreign exchange market movement can be predicted using technical and fundamental analysis. 

Jackpot machines were pure luck and could not be predicted, but they gave gamblers the thrill they wanted. Since the era of mechanical jackpot machines, gamblers have to learn how to spend money wisely to avoid losing every penny they have. The advent of jackpot slot machines was a bridge to a much more vibrant gambling landscape.

Migrating slots to online casinos

As time went by and slot machines developed and evolved, the concept of online casinos started coming to light. Most casino games were available on online gambling platforms. However, digitalized slot machines seemed a little bit too far-fetched. 

Contrary to popular belief at that time, some digital casino developers recognized how they could develop online slots and started adding them to their platforms. Currently, video slots make up a huge portion of the virtual gambling market. The migration has also contributed to the growth of slot machine gambling.

How did slot machines evolve?

Slot machines evolved greatly over the years, from the first nickel-in-the-slot machine to online slots. In between, there were a lot of developments that contributed to digital slots that are in most casinos now. Instead of using mechanical components, slot machines are now digitalized and have amazing features. 

For example, they have interesting sounds and visual interfaces. Since then, video slots have been developed, which has widened the slot machine gambling market. The development of video slots also served as a bridge to online slot games that are currently available today. Currently, there is a wide variety of slot machine games available in physical and virtual casinos. All of this growth can be attributed to the developments that were part of the evolving landscape of slot machines.

Continue Reading

Latest News

Top 5 Best Outdoor Sports Activities in Texas

Published

on

By

Texas outdoor sports culture is rich and developed. Learn about Texas destinations and fun things to do .At the outbreak of the pandemic, we found ourselves trapped in our homes, feeling sicker each day of the sedentary lifestyle we had to lead because of the restrictions. The new circumstances prompted some of us to look for ways to escape that hell. Outdoor sports activities became salvation because social distancing here isn’t an issue and the effect of physical activity is genuinely restorative to both body and mind.

The outdoor industry exploded. Wholesale and retail sales increased by tens of percent, while clubs and communities saw a substantial increase in participants. Our outdoor sports store located in North Richland Hills, Texas, wasn’t an exception. So we’ve decided to conduct a small research and collect information on the most fun things to do outside in Texas.

Hiking and Birding

You can think hiking combined with birding or birding combined with hiking – it’s all about your preferences. Anyway, combining several outdoor activities is always rewarding. Hiking trails that cross several habitats contain more bird species than you would see in one spot. Both your inner hiker and birdwatcher win. Of course, you have to sacrifice pace and focus more on observation and listening to bird songs.

Texas offers plenty to hiking birdwatchers and birdwatching hikers thanks to a large territory with diverse landscapes varying from hot deserts and steep mountains on the west to coastal plains on the east.

Biring in Texas is interesting since the state has 613 bird species registered. South Padre Island near the Mexican border is of particular interest to savvy birders because it serves as a place for birds to rest and gain energy for further migration to the south or north. Also, consider Aransas National Wildlife Refuge, formerly known as Aransas Migratory Waterfowl Refuge. It’s one of the most popular locations within the Great Texas Coastal Birding Trail and the largest wildlife refuge in Texas that offers lots of easy hiking trails on which you can observe ducks, egrets, herons, and such endangered species as a whooping crane.

If you want to explore the desert wildlife, try Guadalupe Mountains National Park. Those adventurous and experienced hikers seeking a challenge must hike up Guadalupe Peak. It’s a beautifully dangerous destination with trails home to such species as rattlesnakes, mountain lions, and coyotes, and cliffs dropping more than 1,500 feet.

Lake Somerville State Park offers as many as 40 miles of hiking trails varying from easy to challenging. The Trailway is the largest (13 miles long) and hardest hiking trail in the system that crosses ponds, meadows, and creeks home to many bird species.

Fly Fishing

If you think fishing is a boring, expensive, and brainless activity, you’ve never tried fly fishing. Though very beginner-friendly in terms of gear, fly fishing requires deep knowledge and physical activity. You should store and analyze lots of information about the river and its dwellers, bug life cycles, and feeding patterns and activity periods of the species you want to catch. Also, fly fishing implies a considerable amount of exercise, especially if you wade up a river or a creek waste-deep in the water, which is the most fun. So if you like challenges and aren’t afraid of failures, you should definitely try fly fishing in Texas.

Having over 80,000 miles of rivers and streams, Texas offers many opportunities to fly anglers and other fishers. More than 70 Texas State Parks allow license-free fishing, and some of them even provide loaner gear, so you can try fly fishing without buying your own equipment.

Guadalupe River is ideal for fly fishing. The river is full of bass and sunfish, but the real draw is the year-round rainbow trout populating the Canyon Tailrace. It’s the only place in Texas cool enough to support trout. Such other locations fly anglers should consider Blanco, Pedernales, San Gabriel, Llano, and Lamparas Rivers.

Mountain Climbing

Mountain climbing is a great sport that requires excellent physical fitness, strength, and balance. Obviously, it’s not for complete beginners. Before heading out on expeditions, you may want to polish your climbing techniques on the walls of a climbing gym.

Mountain climbing is liberating and rewarding and offers a thrilling experience few get to go through and unbelievably beautiful landscapes few get to enjoy. It also teaches you patience and persistence, while the thrill of climbing rocks and the feeling of being small, the constant companions of many mountaineers, foster a healthy attitude towards the world and positive thinking.

North-West Texas has plenty of mountain systems for you to test your climbing skills. Beginners can start with Hueco Tanks. This area of low mountains is ideal for transitioning from gym wall climbing to bouldering rocks. Numerous artifacts of Native Americans and rich wildlife make climbing and exploring even more interesting.

Lake Belton is best known for bouldering areas like Roger’s Park, but lately, the routes for sport climbing have seen a new development. The Reimers Ranch climbing area near Austin is full of mountains with sharp holds and will be ideal for enthusiasts of top rope and sport climbing. Trad climbers will appreciate Enchanted Rock State Natural Area.

Mountain Biking

This type of cycling implies riding a mountain bike off-road. Since the introduction of the first mountain bikes in the 1970s, the industry has come up with several bike constructions designed for optimal performance in a particular terrain. There are several mountain biking disciplines, like cross-country or enduro, but we’re going to focus on trail riding.

Trail riding is the most popular type of cycling in Texas and beyond. Jack of all trades, the trail mountain bike covers a vast array of off-road applications. Generally, trail riding is a choice for those outdoor enthusiasts who want to combine exercise and scenery observation.

Texas biking culture is very developed, with a strong network of trails and numerous communities and clubs. If you want to have a fun time and enjoy nature in all its forms, you should pick a trail in one of Texas State Parks. For example, birdwatchers will appreciate Bentsen-Rio Grande Valley State Park and Brazos Bend State Park. Cyclists who seek balanced but interesting tracks are welcome in Cedar Hill State Park with 12 miles of trails designed by the Dallas Off-Road Bicycle Association. Want to explore canyons? Government Canyon State Natural Park and Palo Duro Canyon State Park will definitely impress you with their breathtaking views.

Kayaking

Kayak design makes kayaking a versatile sport, which means more opportunities to accelerate your experience. Its nibble nature allows you to sail through all kinds of water, from narrow rivers testing your body and mind to lakes and oceans fostering peace and calmness. Kayaks allow you to do all kinds of crazy-cool stuff like jumping over waterfalls, sneak up on birds and animals, and explore crevices otherwise inaccessible.

Fifteen rivers, a long shoreline along the Gulf Coast, and numerous lakes and streams offer lots of opportunities for both whitewater and flatwater kayaking in Texas.

Every self-respecting kayaker should visit Siloam Springs Kayak Park. The park boasts its engineered rapids ranging in speed from 200 to 600 cubic feet per second. Kayak fishers should consider places like Lady Bird Lake, Toledo Bend Reservoir, Caddo Lake, Guadalupe River, Neches River, and Blanco River.

Conclusion

Now that you’ve read the article, you know what opportunities for outdoor adventures Texas has to offer and what places are best for the novice and experienced. We hope this top list of outdoor activities will motivate you to spend more time outdoors because few things in our life can offer as much as mother nature can. Good luck with your adventures!

Continue Reading

Latest News

Roulette & Pop Culture

Published

on

By

Since the creation of the primitive version of the Roulette wheel in 17th century France, the game of chance has spun into the hearts of casinos and avid players alike. In fact, Roulette has become so popular that its simple gameplay can be found making appearances in many movies and throughout modern-day pop culture. 

In this article we’ll explore just some of the ways Roulette is represented in pop culture, so the next time you play online Roulette, or at a brick-and-mortar establishment, you’ll feel like you’ve just stepped straight out of the movies.

Read on to find out more. 

Roulette in the movies

Many of the highest-grossing movies of all time feature a game of Roulette. Whether you’re a film fanatic or not, it’s likely you’ve heard of the fictitious British spy James Bond. Known for his love of the casino, one of the most well-known Bond movies to feature Roulette is Diamonds are Forever. Released in 1971, this movie features actor Sean Connery take on the roll of the beloved super-spy as he goes underground to expose a diamond smuggling operation. The journey takes him to Las Vegas, where Bond is seen playing a variety of casino games, including Roulette. 

Another classic movie that features Roulette ranks among the top 50 movies in the world, Casablanca features Rick Blaine, the owner of a nightclub during World War II. In the iconic Roulette scene, we see Rick approach a young couple who are trying to raise enough money to go to America by spinning the wheel. He tells them to put their chips on 22, and thankfully they listen as the number rolls in not once – but twice! 

Roulette in television

Not only has Roulette been enjoyed by the masses through casinos and on the big screen, it’s also made its way onto television programmes so even more people could experience the joy of a single spin. The popular gameshow Red or Black ran for two series and showed contestants making a series of 50/50 decisions to make it to the final. The final round saw the contestants play a game of Roulette, where they would spin the wheel in the attempt to win £1 million by making the correct prediction – red or black. 

Roulette in music

The most obvious place to start when talking about Roulette in the music industry is perhaps by addressing the song by Rhianna: Russian Roulette. Whilst this song might not be specifically about the casino game, the concept of Russian Roulette is similar, although it’s your life you’re gambling with. 

Pop star Katy Perry also released a song called Roulette in her fifth studio album, and this time the song is about the casino classic. The music video features the glitz and glamour of Las Vegas, with Katy Perry herself dressed in red for the majority of the video – a colour deemed ‘lucky’ by many and that fills many pockets of the Roulette wheel. We see the star collecting betting chips at gambling tables, making fashion references to icon Marylin Monroe and even coming across famous Las Vegas magicians Penn and Teller. 

So, with Roulette spinning firmly into pop culture, it’s clear that the centuries-old game will remain popular for centuries to come, withstanding the test of time and adapting to become ever-more present in the modern-day culture.

Continue Reading

Latest News

What is RNG software?

Published

on

By

Random Number Generator (RNG) is an algorithm that produces random numbers or symbols that are unpredictable. A good example of this would be dice. If you roll a dice, you know for a fact that it will land on 1 to 6; however, you cannot predict which number it will be. There are 2 main types of RNG: pseudo-random number generators (PRNG) and true random number generators (TRNG). 

How does RNG work?

RNG works by creating a random sequence of numbers, either through observing unpredictable phenomena as a basis for data or by the use of mathematical formulas. We also know them as nondeterministic and deterministic random number generators, respectively.

Pseudo-random number generators (PRNG)

Better known as deterministic random number generators, this algorithm uses mathematical formulas to produce sequences of random numbers. The results seem random, but, in reality, they merely mimic the approximation of true randomness. The user determines factors used to generate the randomness (e.g. biggest to smallest, lowest to highest etc), which then results in a random number sequence. 

True random number generators (TRNG)

Non-deterministic random number generators (a.k.a. TRNG or true random number generators) are unpredictable and unbiased. This makes it cryptographically more secure than PRNG. To produce the randomness, the computer will measure physical attributes from outside that are truly and naturally unpredictable. The computer then uses this as unpredictable data. For example, when you’re feeling tired, you yawn throughout the day. But, you don’t know how often you would yawn, right? You might yawn three times per hour, but the intervals between those yawns will constantly change and no one could predict this. This would be our unpredictable data that the computer measures and uses to create its unpredictability.

What is RNG used for?

We use RNG in areas where we want random or unpredictable results. Examples of these areas are gambling, gaming, cryptography, and computer simulations. We use computing in these examples, but as we know, computers aren’t spontaneous machines. We make them follow specific rules and programs. However, with RNG, computers can simulate randomness.

Gaming

When you play an online game, RNG is used to determine things like your chances of getting a rare item, or how likely you are to get a critical hit. A mere flip of a coin or roll of the dice is RNG. In the gaming world, RNG is used to keep games fresh and unpredictable. If you’re playing Borderlands and you’re able to predict which chests will give you rare loot every single time, it won’t be long until the game yourself feels boring and easy. RNG eliminates this. 

Cryptography

In cryptography, the RNG becomes a random bit generator (RBG) and is used to create a random but strong key. This key contains data and can either encode or decode cryptographic data when processed through a cryptographic algorithm. An example of RNG in cryptography would be passwords. We use them to log in to different sites and keep our information secure. But, it’s hard to remember all our passwords and make them all unique. We’d like to think that the passwords we create are secure, but with enough information, hackers can easily determine what our passwords are. If we use a key instead, the program can create a password of randomly generated letters, numbers and symbols that hackers can’t predict, thus securing our precious information.

Gambling

In the world of online casinos, RNG is crucial to its success as it ensures all results are random and all chances are fair. In fact, many types of casino games like these, if not all, work with RNG. These RNGs are tested by independent authorities, ensuring gaming fairness at all times. After all, it wouldn’t be considered luck if you knew what the results would be.

Can you rig or predict RNG results?

We can’t rig RNG, but it is possible to predict the next number that the sequence will produce. This is called attacking, breaking or cracking the RNG and mostly applies to PRNG as it will only have finite results before repeating itself. Once repeated, it is theoretically possible to determine where a series of numbers falls within its sequence and predict what comes next. As easy as it sounds in theory, it is very hard in practice. 

Author Bio: Vinod Gill is a writer who specializes in writing content on Sports and Gaming subjects. He is a Digital Marketing Consultant, Blogger, and Co-Founder of Ecompany.

Continue Reading

Latest News

What Are The Career Prospects After Luxury Brand Management Course?

Published

on

By

In Indian market, the awareness of luxury brand is limited to certain popular brands only. Indian consumers are not even aware of their lesser-known counterparts which may have better pedigree, rich culture and heritage. Thus Luxury Brand Manager plays an important role in brand positioning the luxury product and service so as to not only occupy a niche space in consumers mind but also separate it from competition.   

Basically a Luxury Brand Manager is a professional who strategizes about ways to not only enhance the perceived value of luxury products, but also market upscale premium expensive brands to people who buy them for experience as well as to stay updated with latest trends. He is responsible for educating the customer about the core values the brand represent in addition to building strong brand recognition as well as brand visibility amongst the consumers. 

Indian luxury landscape: The luxury landscape is on an impressive growth spree in India as per following:

  • In 2022, as per Euro monitor International report, India’s luxury goods market is slated to touch $8.5 billion. 
  • By 2030, Indian luxury market is predicted to surpass $200 billion
  • As per Statista, in 2022, Revenue in the Luxury Goods market will reach US$7.60bn. Between 2022 and 2027, the luxury goods market is estimated to grow at CAGR of 1.43% annually.
  • As per Statista, in 2022, Luxury Watches & Jewelry is largest segment in luxury market with a market volume of US$2.23bn. 

Little wonder that many luxury brands are lining up to grab a share of the Indian luxury pie. This will ensure high demand for Luxury Brand Managers. 

Career Prospects: 

On completion of Luxury Brand Management course, following are few of the career profiles that can be targeted:

  • Luxury Brand Manager: You will be responsible for devising an effective marketing strategy to create differential position for your brand to attract this specific niche audience. You will be analyzing the market as well as the target customer to understand their tastes and preferences so as to collaborate with designers as well as creators inorder to supervise manufacturing. Furthermore, you will also be accountable for sales as well as revenue generation.
  • Luxury goods product manager: You will oversee planning and development of the product through various stages basis research & analysis of the end consumer preferences. Additionally, you will collaborate with quality assurance, marketing, sales and product design teams while handling the production process.
  • Merchandising manager: You are expected to identify and source luxury high-end quality products at the apt prices so as to sell them at your retail stores. You also need to hire and train the appropriate staff, create marketing strategies and budget while overseeing the profitability.

Luxury Brand Management Course

In order to study Luxury Brand Management Course, you must choose a college that offers industry-centric curriculum providing not only holistic understanding of the developed luxury markets, but also how to apply this learning about marketing, competitive strategy, managing of multi-brands, pricing strategy, retail as well as sales concepts in emerging markets like India. Furthermore the college must offer placement support as well as exposure through interaction with industry experts and CEOs along with faculty from global partner universities. 

Opportunity strikes once only, so grab it with both hands before time runs out. 

Continue Reading

Trending