NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The optometry software market in north america size is estimated to grow by USD 576.62 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.67% during the forecast period. Increasing prevalence of ophthalmic diseases is driving market growth, with a trend towards growing ophthalmology market. However, rising medical data privacy concerns poses a challenge.Key market players include Barti, Compulink Healthcare Solutions, Doctorsoft Corp., EssilorLuxottica, EverCommerce Inc., Eye Care Leaders, First Insight Corp., Health Innovation Technologies Inc., iTRUST.IO LLC , LiquidEHR Inc., MacPractice, Nextech Systems LLC, Optical POS Software LLC, Optometric Services Inc., Solutionreach Inc., SOTH Inc., Vision Service Plan, Weave Communications Inc., WINK Technologies Inc., and WRS Health. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Optometry Software Market In North America Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.67% Market growth 2024-2028 USD 576.62 million Market structure Fragmented YoY growth 2022-2023 (%) 6.32 Regional analysis North America Performing market contribution North America at 100% Key countries US, Canada, Mexico, and North America Key companies profiled Barti, Compulink Healthcare Solutions, Doctorsoft Corp., EssilorLuxottica, EverCommerce Inc., Eye Care Leaders, First Insight Corp., Health Innovation Technologies Inc., iTRUST.IO LLC , LiquidEHR Inc., MacPractice, Nextech Systems LLC, Optical POS Software LLC, Optometric Services Inc., Solutionreach Inc., SOTH Inc., Vision Service Plan, Weave Communications Inc., WINK Technologies Inc., and WRS Health Market Driver The North American optometry software market is experiencing significant growth due to the rising prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors. The aging population is also driving demand for electronic health records (EHR) and cloud-based solutions to manage patient data and records in optometry clinics. AI-based software and mobile applications are trending, offering remote patient monitoring and telehealth services for optometrists. Key players like Eyefinity, Crystal PM, Compulink, Practice Mate, MaximEyes, EyeMD, and others are expanding their offerings through expansions, joint ventures, and acquisitions. Ophthalmologists and optometrists require EHR software for prescription history, IOP measurement, and retinal detachment, uveitis, astigmatism, and other conditions. Hospitals, clinics, and specialist centers are adopting cloud-based EMRs for health records data management. The North American optometry software market has experienced significant growth over the past decade, fueled by the increasing prevalence of eye diseases and technological advancements in ophthalmology. This sector's expansion is further heightened focus on research and development among manufacturers, aiming to create innovative treatments. Moreover, rising medical expenses, increasing healthcare spending, and a growing demand for precise therapies are additional factors contributing to the market's growth during the forecast period. Consequently, the expanding ophthalmology market will necessitate the use of software to manage patient treatment records, medication prescriptions, and information related to glasses, contact lenses, and other eye care solutions. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This optometry software market in North America report extensively covers market segmentation by 1.1 Cloud-based- The optometry software market in North America is experiencing growth, with a particular focus on cloud-based deployment solutions. These solutions offer benefits such as quick deployment, flexibility, scalability, real-time data visibility, and customization capabilities. Cloud-based deployment enables integration with other eyecare software solutions, including online booking and payment processing. Flexible payment options, like monthly subscriptions and pay-as-you-go models, make these solutions cost-effective. Small and medium-scale eyecare organizations are adopting cloud-based software due to its scalability and cost savings. Innovations in data security will further increase adoption by large-scale enterprises. Cloud-based solutions provide optimal cost and efficiency by allowing organizations to store critical data on-premise and infrequently used data on a public cloud server. The market growth is driven by these advantages, with the cloud-based deployment segment expected to grow at a higher Compound Annual Growth Rate (CAGR) than on-premise deployment during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The optometry software market in North America is experiencing significant growth due to the increasing prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors. With an aging population, there is a greater need for electronic health records (EHR) and cloud-based solutions to manage patient data and records in optometry clinics, hospitals, specialist centers, and ambulatory settings. Telehealth, telemedicine services, and AI-based software are also gaining popularity for remote patient consultations and diagnosis. Eyefinity, Crystal PM, Compulink, Inpatient EHR, Ambulatory EHR, Maxim Eyes, Revolution EHR, Doctor soft, and Liquid EHR are some of the leading optometry software solutions providing cloud-based EMR and health records data management services. These software solutions enable optometrists to streamline their workflows, improve patient care, and enhance overall operational efficiency. Market Research Overview The optometry software market in North America is experiencing significant growth due to the increasing prevalence of chronic ophthalmological conditions such as glaucoma, dry eye, cataracts, and refractive errors in the aging population. Electronic health records (EHR) and cloud-based solutions are becoming increasingly popular, enabling optometrists to manage patient data and records more efficiently. Telehealth and telemedicine services are also gaining traction, allowing for remote patient consultations and monitoring. AI-based software is being integrated into optometry practices to enhance diagnosis and treatment, particularly for conditions like retinal detachment, uveitis, and astigmatism. Optometry clinics, hospitals, specialist centers, and ambulatory care facilities are adopting cloud-based EMR systems to streamline operations and improve patient care. Key trends include expansions, joint ventures, and acquisitions by major players in the market, including Eyefinity, Crystal PM, Compulink, Practice Mate, MaximEyes, EyeMD, and others. IOP measurement and prescription history are critical features of optometry software, ensuring accurate and up-to-date patient information. Overall, the North American optometry software market is poised for continued growth as technology advances and healthcare providers seek to improve patient care and outcomes. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/north-americas-optometry-software-market-to-grow-by-usd-576-62-million-2024-2028-driven-by-rising-ophthalmic-disease-cases-ai-redefining-market-landscape---technavio-302313504.html SOURCE Technavio
KVHI stock touches 52-week high at $5.49 amid growthWashington — The House approved the massive $895 billion National Defense Authorization Act on Wednesday, after a controversial provision on gender-affirming care prompted backlash from Democrats and threatened to topple the must-pass bill's chances in the chamber. In a 281 to 140 vote, the House approved the 1,800 page national security legislation to authorize funding for the Defense Department for fiscal year 2025. While the majority of Democrats opposed the bill, 81 joined with 200 Republicans in support of its passage. Just 16 Republicans opposed the legislation. It now heads to the Senate for approval. The vote came after leaders in Congress struck a deal over the weekend on the legislation, which usually passes with wide bipartisan margins. House Minority Leader Hakeem Jeffries acknowledged ahead of the vote on Wednesday that there's "a lot of positive things" within the NDAA that were negotiated in a bipartisan manner, but also some "troubling" provisions. Jeffries said Democrats didn't whip the NDAA vote, saying it would be a "member-to-member, case-by-case" decision. Meanwhile, House Speaker Mike Johnson touted the legislation, saying Tuesday it "includes critical wins for our troops and for our country at a very important time." Johnson cited a 14.5% pay raise for junior service members and improved housing for military families. And he celebrated an expansion of U.S. joint military exercises with Israel and increases in funding for defense initiatives in the Indo-Pacific, among other things. "The safety and security of the American people is our top priority," Johnson said at a news conference, noting that he expected a "large" vote in favor of the legislation. "And this year's NDAA ensures our military has the resources and the capabilities needed to remain the most powerful fighting force on the planet." The Louisiana Republican also touted the controversial provisions, including how the legislation restricts gender-affirming care for children of servicemembers and halts funds for the teaching of "critical race theory" at military academies. He said House Republicans "gutted the DEI bureaucracy" with the bill. The provisions, especially on gender-affirming care, threatened the NDAA's chances in the House on Wednesday, while some key Democrats spoke out in opposition. Rep. Adam Smith of Washington, the top Democrat on the House Armed Services Committee, acknowledged a number of bipartisan victories in the final version of the NDAA in a statement when the text of the legislation was released. He said Democrats were "successful in blocking many harmful provisions that attacked DEI programs, the LGBTQ community, and women's access to reproductive health care." But he said the provision banning gender-affirming care is "wrong." The provision, which applies to the military's health care program, outlines that medical intervention "for the treatment of gender dysphoria that could result in sterilization may not be provided to a child under the age of 18." Smith said the stipulation "injected a level of partisanship not traditionally seen in defense bills." "Speaker Johnson is pandering to the most extreme elements of his party to ensure that he retains his speakership. In doing so, he has upended what had been a bipartisan process," Smith added. House Republicans selected Johnson as their pick for speaker in the next Congress during leadership elections last month. But the Louisiana Republicans will still need to secure the support of the majority of the chamber in the new year to hold onto the gavel. With a razor-thin majority, speaker elections have posed difficulties for Republicans in recent years, while a group on the party's right flank has worked to extract concessions for their support. Meanwhile, President-elect Donald Trump and his allies leaned into anti-trans rhetoric on the campaign trail in the lead up to the 2024 election. And since then, House Republicans led an effort to limit the use of single-sex bathrooms in the Capitol complex to those corresponding to users' "biological sex" after the first transgender person was elected to Congress . Kaia Hubbard is a politics reporter for CBS News Digital, based in Washington, D.C.
Trump dominates my list of 2024 stories. But what about war, Musk and those darn drones? | OpinionHow Trump’s bet on voters electing him managed to silence some of his legal woes
British Columbia Premier David Eby said Canada had to approach Donald Trump's plan to impose a 25 per cent U.S. tariff on Canadian goods from a position of strength, as business, trade and community organizations called for quick action on the trade threat. Eby said premiers and Prime Minister Justin Trudeau would meet this week to discuss "our strategic approach" to the U.S. president-elect's plan to impose the tariff on Canadian and Mexican imports immediately after his inauguration on Jan. 20 unless action is taken to stem the cross-border flow of migrants and illegal drugs. The B.C. premier made the comments Tuesday in a speech to the annual convention of the B.C. Federation of Labour in Vancouver. WATCH | Trump threatens 25% tariffs on Canada Trump threatens 25% tariffs on Canada, Mexico on 1st day in office 21 hours ago Duration 2:24 In a post on his Truth Social platform, U.S. president-elect Donald Trump has threatened to impose a 25 per cent tariff on all goods from Canada and Mexico until both countries stop what he called the ‘invasion’ of undocumented migrants and drugs crossing the U.S. border. "Obviously, this will be devastating to workers on both sides of the border," he said. "Both in the U.S. and in Canada, the impact on families will be profoundly significant." Canada and the U.S. have long been top trading partners on imports and exports, and the strength of this relationship puts Canada in a solid position when it comes to Trump's tariff threat, Eby said. "We have more in common with Americans than what separates us," he said. "We buy more American stuff than France, than China and Japan and the United Kingdom combined. So, we are negotiating, I believe, from a position of strength." Eby acknowledged improvements could be made on Canada's border, especially when it comes to policing contraband and illegal drugs. Donald Trump threatens 25% tariff on products from Canada, Mexico "We've called repeatedly, for example, for port police to ensure what comes into B.C. is not contraband, is not illicit drugs or precursor chemicals," he said. "These are things that we can do to make life better here in B.C., as well as respond to concerns that have been raised south of the border." Trump issued a statement on social media on Monday saying Canada and Mexico had the power to solve their border issues, which he called a "long-simmering problem." B.C. business leader calls for 'Team Canada approach' B.C. business organizations called on the provincial and federal governments to immediately address Trump's tariff plan, which they said will hurt businesses. The proposal would have "significant consequences" for B.C. businesses of all sizes and would harm communities and workers across the province, said Fiona Famulak, the president of the B.C. Chamber of Commerce and its chief executive officer. How seriously should we take Trump's tariff threat, and how could it affect Canadians? The B.C. Lumber Trade Council said the proposed tariff would hurt U.S. consumers and homebuyers by driving up the cost of building materials from Canada, while the Greater Vancouver Board of Trade said the U.S. was B.C.'s most important trading partner, accounting for 54 per cent of the province's commodity exports in 2023. "It is imperative that we engage constructively with our U.S. counterparts to advance our collective interests," said Bridgitte Anderson, board of trade president and CEO. Loonie falls to lowest level since 2020 after Trump issues tariff threat "This should act as a wake-up call to all levels of government that a new Team Canada approach is required." She said some of B.C.'s top exports to the U.S. are natural gas, softwood lumber, agricultural products and minerals and metals. Opposition B.C. Conservative Leader John Rustad called for the immediate recall of the B.C. Legislature to provide funding to secure borders to stop the flow of illegal drugs and migrants. B.C. Minister of Finance Brenda Bailey says the U.S. will always be a major trade partner but notes there is growing demand for commodities in Asia. (Mike McArthur/CBC) B.C. finance minister highlights trade opportunities in Asia Brenda Bailey, B.C.'s new minister of finance, said potential tariffs are concerning, but opportunities exist to improve relations with major trade partners such as Japan and South Korea. "The interest in British Columbia commodities in Asia is very, very high," Bailey told CBC's On the Coast . Ford says Trump's tariff threat 'like a family member stabbing you in the heart' "The United States will always remain important, but British Columbia is uniquely well-placed to really, really enhance our trade relationships elsewhere as well." B.C. government data says the province's exports to the U.S. in the first half of 2024 were worth $16.9 billion, down 1.1 per cent compared to the same period last year.
As 2024 comes to a close, you might be starting to put a list together of resolutions for the new year. Many people make resolutions to lose weight, save more money, or advance in their careers. If you’re the Edmonton Oilers , there are a few resolutions that can help the team reach the ultimate goal in 2025 of winning the Stanley Cup. Here’s a list of five New Year’s resolutions for the Oilers to reach their goals in 2025: Resolution 1 – Commit to Team Defence Under head coach Kris Knoblauch , the Edmonton Oilers have developed into a stingy team. Going into their Dec. 28 game against the Los Angeles Kings , the Oilers have a goals for/goals against differential of plus-16. This is about middle of the pack in the NHL but it continues to rise as the Oilers continue to play well in their own zone. After such a disappointing start to the 2024-25 NHL season, the Oilers have scratched and clawed their way back into contention mainly through a commitment to team defence. It’s what got them to the Stanley Cup Final in 2024 and it’s the path they need to take in order to get back there in 2025. The Oilers have had some good head coaches over the past six seasons including Todd McLellan, Ken Hitchcock, Dave Tippett and Jay Woodcroft, but it seems as though Knoblauch and assistant coach Paul Coffey have been the ones to unlock the team’s defensive potential. If the team can keep playing as well defensively as they have in the month of December, they’ll definitely continue to rise in the standings in 2025. Resolution 2 – Stay Disciplined Some of the most common New Year’s resolutions for most of us are to eat healthy, exercise and stop unhealthy habits such as smoking. The Oilers are already doing all of these things, and it’s not like Leon Draisaitl is going to turn into Guy Lafleur and go smoke a couple of lung darts between periods like the great Montreal Canadiens forward was known to do. This is more about staying healthy in mind, body and spirit. The Oilers hired performance whisperer George Mumford as their mental performance coach, and he’s as important as any of the other coaches on the Oilers’ staff. When you’re a professional hockey player at the peak of your physical powers, what truly separates the champions from the pack is their mental game. The Oilers are starting to lock it in, and if they can stay focused and disciplined in the face of all obstacles, they’ll get to their promised land. It’s really easier said than done but the Oilers have the experience and the talent to get there. They just need to stay focused. Thanks to Mumford , they’re well on their way. Resolution 3 – Continue to Develop Youth The Oilers had grown older in the offseason losing Ryan Mcleod, Dylan Holloway, Vincent Desharnais and Philip Broberg. They did pick up Matthew Savoie from the Buffalo Sabres in the trade for McLeod, and general manager (GM) Stan Bowman traded for Ty Emberson and Vasily Podkolzin but there’s a lot of ground to be made up in terms of restocking the prospect cupboards. Under former GM Ken Holland, the Oilers traded high draft picks and let go of good prospects such as Micheal Kesselring in order to try and “win now.” In 2025, Bowman, Oilers CEO of hockey operations Jeff Jackson and the scouting staff will need to walk the fine line of restocking the pipeline while still acquiring high-end talent. The franchise can ill afford to lose as many prospects as they have in the last two seasons and they need to not only develop youth, but also eventually find room for players such as Noah Philp and Olivier Rodrigue. This will only make them better. Resolution 4 – Trade for a Defenceman The March 7 NHL Trade Deadline is just over three months away and while some people want the Oilers to think about bringing in a goaltender, most believe they will try and trade for a defenceman . Considering how well their defensive core is playing at the moment with Darnell Nurse and Brett Kulak playing some of the best hockey of their careers, it’s hard to predict what they might do. Right now the defensive core of Mattias Ekholm, Evan Bouchard, Nurse, Kulak, Emberson and Troy Stecher is playing solid. But there’s a lot of runway left before the trade deadline, and it’s likely they will bolster the defensive core before tweaking any other area of the team. Who the Oilers target is anybody’s guess at the moment. It all might come down to how much long-term injured reserve (LTIR) space they have accumulated throughout the season. Resolution 5 – Believe The Oilers came within two goals of sipping from the Stanley Cup in 2024. Has that made them more hungry to win this season? Do they believe they can do it? This is a big year for players such as Connor McDavid and Draisaitl. They’re close to the peak of their physical powers but a lot has to go right in order for them to hoist the Stanley Cup this spring. They need a bit of luck, good goaltending, and good health, and need their belief to be stronger than teams such as the Florida Panthers, Carolina Hurricanes, Vegas Golden Knights, Minnesota Wild, Winnipeg Jets and Colorado Avalanche. The Oilers’ biggest opponent might be themselves. It’s time to start believing they’re the second coming of the Oilers of the 80s rather than the Buffalo Bills of the early 90s. Happy New Year Whether you make long lists of New Year’s resolutions or just have one, I’d like to wish you all a healthy, happy and successful 2025. If you’re an Oilers fan, I’d like to wish you a very happy 2025 and hope that this spring brings you and yours a sixth Stanley Cup championship to Oil Country. This article first appeared on The Hockey Writers and was syndicated with permission.Pisces – (19th February to 20th March) Daily Horoscope Prediction says, stay strong and composed Your love life will be mostly positive today. Take up new charges at the office to prove the mettle. Minor financial issues will exist & avoid crucial decisions. Spend time with the lover to share the emotions, both good and bad. Despite the hiccups, you will be productive at the office. Overcome the financial challenges through smart decisions. Your health may also be not in good shape today. Pisces Love Horoscope Today You will be happy today in terms of romance. Despite minor issues, your rapport with the lover will be strong and ensure no new trouble crops up today. Give up egos and embrace happy moments in love today. Express your emotions freely and see the positive outcome. Single female natives will fall in love today. Marriage is also on the cards. Ensure married natives keep a distance from extramarital affairs as the break up in the marital life is the last thing you want. Pisces Career Horoscope Today Continue the commitment at work and your management will recognize this, delivering new tasks that will prove the mettle. Stand firm on your point at official meetings. Your ideas are good and will have takers. All clients need to be satisfied and never indulge in anything that may risk their job. Those who are keen to switch jobs can update their profile on a job portal. Businessmen can pick the first part of the day to launch new ideas. Pisces Money Horoscope Today The financial status may not be up to the mark and it is crucial to stay away from investments in the stock market. If you own a family business, the earnings from this source may not be as expected today. Avoid lending a big amount to someone as getting it back can be a tough task. Some businessmen will succeed in clearing all pending dues while you may get a bank loan approved. Pisces Health Horoscope Today Minor medical issues will exist. Those who have chest-related issues may develop complications. Respiratory issues will be visible among juniors today. Avoid Junk food and the sedentary lifestyle and also skip alcohol today. Those who are suffering from hypertension may need to be extra careful. Pisces Sign Attributes Strength: Conscious, Aesthetic, Kind-hearted Weakness: Sentimental, Indecisive, Unrealistic Symbol: Fish Element: Water Body Part: Blood Circulation Sign Ruler: Neptune Lucky Day: Thursday Lucky Color: Purple Lucky Number: 11 Lucky Stone: Yellow Sapphire Pisces Sign Compatibility Chart Natural affinity: Taurus, Cancer, Scorpio, Capricorn Good compatibility: Virgo, Pisces Fair compatibility: Aries, Leo, Libra, Aquarius Less compatibility: Gemini, Sagittarius By: Dr. J. N. Pandey Vedic Astrology & Vastu Expert Website: www.astrologerjnpandey.com E-mail: djnpandey@gmail.com Phone: 91-9811107060 (WhatsApp Only)Philippines Prepares For International Tourism Surge With New Measures
How Labour's new green drive will cost you £32,000: JEFF PRESTRIDGE's guide to protect YOUR cash from the eco-zealots By JEFF PRESTRIDGE Updated: 22:47, 26 November 2024 e-mail View comments The drive to turn us into a nation of heat-pump owners is back in fifth gear. Led by the fervent Ed Miliband, Secretary of State for Energy Security and Net Zero, homeowners are once again being encouraged to rip out their gas boilers and replace them with expensive heat pumps to help save the planet (believe me, heat pumps will make NO difference to the planet’s survival). Although the Tory government of Boris Johnson was the initial flag-waver when it came to heat pumps, Mr Miliband – a heat pump zealot – has taken the flag-waving to a new level. A sea of green flags is now being waved before our very eyes. Earlier this month, he threw more buckets of money at the so-called Boiler Upgrade Scheme (BUS) to ensure that homeowners who want to make the leap from gas boiler to heat pump will have ready access to grants worth up to £7,500. Without the grants, heat pumps would be out of the financial reach of most households (more on this in a minute). Even with them, they remain an option that only a minority of households can afford. He also announced that planning rules would be relaxed to ensure that nearly everybody who wants a heat pump installed on an exterior wall of their home will soon be able to go ahead – irrespective of the fact that the pump’s noise could well keep the neighbours awake for most of the night. Get pumped: Homeowners are once again being encouraged to rip out their gas boilers and replace them with expensive heat pumps to help save the planet Cities could soon be turned into ‘cacophonous’ heat pump farms, according to one respected commentator. Ear plugs at the ready for the heat pump raves. Mr Miliband wasn’t finished. He also said that the boiler tax will return from next April – a fine paid by boiler manufacturers unable to meet unachievable heat pump sales targets – and passed on to buyers of gas boilers in the form of higher prices. It will be a modest fine to begin with, but is likely to be cranked up every year while green Labour (green in so many other ways) remains in power. Mr Miliband has supporters. The grandiose Energy & Climate Intelligence Unit followed the announcements with a ludicrous press release that played the patriotic card. It said heat pumps would help wean the UK off foreign imported gas – without squaring the circle by admitting that most heat pumps are manufactured in Asia and then imported into the UK. RELATED ARTICLES Previous 1 Next The ultimate five tricks energy experts use to keep heating... How can I make a foolproof insurance claim for flood damage... Share this article Share HOW THIS IS MONEY CAN HELP How to save money on energy: What you need to know and energy-saving tips that work Even manufacturers here assemble heat pumps primarily from components brought into the country on container ships sailing the seven seas. Yet there are more discerning experts who believe that the Government’s belief in a heat pump future – with its target of 600,000 installations a year by 2028 (more than ten times last year’s installation figure) – will end in failure. Yesterday, Gordon Hughes, a former senior adviser on energy and environmental policy at the World Bank, told Money Mail that the 2028 installation target is not credible, even if larger subsidies were handed out to buyers of heat pumps. He also said that even at an installation rate of 600,000 a year, it would take 45 years to convert all houses to heat pumps – way beyond the country’s legally binding commitment under the Climate Change Act 2008 to reach net zero emissions by 2050. Mr Hughes added: ‘Almost everyone with practical knowledge of the energy sector knows that current heat pump targets are both daft and unachievable. ‘But policies are a matter of religious faith, and few are willing to be cast out for saying the emperor has no clothes.’ Money Mail searches for the answers to the key questions facing households thinking about joining Mr Miliband in his heat pump crusade. How much is it going to cost? It depends on the type of heat pump installed – air pump or ground source. The air source pump sits on the outside wall of a home – and looks like the air conditioning units that you see outside many industrial buildings. This pump is painful on the eyes (an eyesore), ears (it’s noisy and gets noisier as it ages) and wallet, costing an average of £13,200 to install. In basic terms, it sucks air from the outside which then interacts with a refrigerant – a chemical substance – to produce heat which can be used to warm radiators and create hot water. Then there is the grander ground source pump which, through the laying of underground pipes (typically in the back garden), draws upon natural-occurring heat stored in the ground to ultimately heat radiators and water in the home. These can cost anything between £15,000 and £30,000, which makes them the Louis Vuitton of heat pumps. But this government – and Mr Miliband in particular – is desperate for households to wean themselves off gas boilers and buy these expensive pumps. So desperate, in fact, that it offers grants of £7,500 to those who get them installed (properly). These are provided through BUS (gov.uk/apply-boiler-upgrade-scheme) and available to households in England and Wales (other energy-efficiency grants are on offer in Scotland and Northern Ireland). So that takes the price of the respective pumps down to a more reasonable £5,700 (air) and £7,500 to £22,500 (ground). To put these sums into perspective, the cost of replacing a gas boiler is around £2,500. So, should you buy a pump? Mike Foster, chief executive of energy trade association the Energy and Utilities Alliance, says that if people want a heat pump and can afford it, ‘they should go out and get one’. Yet a survey by consumer group Which? indicates that cost remains a big issue – 71 pc of respondents who know about heat pumps say they are out of their financial range. Installation costs are also not necessarily the only financial hit. Heat pumps are not effective in homes where windows are single glazed (as opposed to double glazed), or where walls are not insulated. According to the Energy Saving Trust (EST), the cost of fitting A-rated windows (the most energy-efficient double-glazed windows) for a semi-detached house typically cost £15,000, while cavity wall insulation will cost £2,700. Grants: Secretary of State for Energy Security Ed Miliband If you have solid walls and want them insulated, the EST reckons that will set you back £7,500 if fitted internally, or £11,000 externally. In short, fitting a heat pump in a solid-wall, semi-detached house with A-rated windows and external wall insulation will set you back £39,200 – £31,700 net of the £7,500 grant. Running costs will still be more than that of a gas boiler, too. Mr Foster says: ‘You may hear from supporters of heat pump technology that it is three times more efficient than a gas boiler. ‘What they fail to mention is that the average unit price of electricity is four times higher than that for gas. This means a heat pump works out slightly more expensive to run over a full year than a gas boiler.’ For the 50 per cent of homes that use gas for cooking, Mr Foster adds that a conversion to heat pumps will mean the need for electric cooking appliances – yet more cost (typically, £250 for an electric oven, £225 for an electric hob, and £250 for installation) on top of the £39,200. Mr Hughes agrees. He says the differential between gas and electricity prices makes it financially ‘daft’ to replace a gas boiler with a heat pump. He adds: ‘Electricity prices would have to be less than half their current level – with gas prices not changing – to even make a heat pump a consideration.’ Is the boiler tax a game-changer? From April next year, the Government’s Clean Heat Market Mechanism (CHMM) will impose swingeing taxes on boiler manufacturers if heat pumps represent less than 6 per cent of all domestic heating installations. For every heat pump installation short of their target, the manufacturers will be hit with a £500 fine. But Mr Miliband’s zealotry towards heat pumps means the sky is the limit in 12 months’ time. The tax will be passed on by manufacturers to buyers of gas boilers in the form of higher prices. Based on the current demand for gas boilers and heat pumps, Mr Foster estimates that it is likely to add £25 to the average cost of a gas boiler when fines are set at £500. But if Mr Miliband were to impose a more onerous heat pump installation target and bigger fines, the gap between heat pump and gas boiler installation costs would start closing. If the Secretary of State demanded a 24 per cent installation target – similar to the electric vehicle targets imposed on car manufacturers – and a fine of £5,000 per heat pump short of the target, Mr Foster says this would result in a boiler tax for customers of £1,000. Peter Thom, founder of energy efficiency specialist Green Heat, says the financial mathematics for households aren’t changed by CHMM. He says: ‘My advice would still be to replace a failing gas boiler with another gas boiler.’ But he adds: ‘I would ensure that any new installation works effectively at a lower temperature – which may mean putting in higher-output radiators. I’d also make sure that the heating controls are upgraded. ‘This would mean your heating system is heat-pump ready for when the dice is loaded so heavily against gas boilers that heat pumps are the way forward.’ Eyesore: Air source heat pumps sit on the outside wall of a home – and looks like the air conditioning units you see outside many industrial units Could better tech drive down prices? Not according to Mr Foster. He says heat pumps are already sold in their millions worldwide (especially in the Far East) and their basic design has not changed much. Yes, he says, they could become quieter – but that will come at a price. Unless a vicious boiler tax is introduced, a gas boiler will always be cheaper than a heat pump. Is the funding sustainable? No. Mr Thom says the installation target of 600,000 heat pumps per year by 2028 will cost the taxpayer £4.5 billion annually (assuming the BUS grant remains at £7,500). If the annual target of 1.6 million new heat pumps is achieved in 2035, it will cost £12 billion a year. He adds: ‘This is like being at the Mad Hatter’s party on Fantasy Island. ‘I also question the moral compass of a government which is providing grants of £7,500 to help essentially wealthy people install heat pumps while, at the same time, taking away the winter fuel allowance from millions of pensioners – with some four million people now in fuel poverty.’ A damning comment. Are you a heat pump sceptic or a zealot? Email: jeff.prestridge@dailymail.co.uk Can you save money on energy bills? Check the best fixed deals When energy prices spiked most households slipped energy price cap tariffs, but it is now possible again to switch to fixed rate energy deals that can save you money. This is Money's recommended partner uSwitch lets you compare the best energy deals for you, based on your home and gas and electricity costs. > Compare the best energy deals with uSwitch* By entering your address and energy usage, you can search for energy deals that can cut your costs and suit how you live. Switching energy provider can also help the planet, if you move to one of the a green deals offering electricity from renewable sources and more environmentally-friendly gas. > Check the best fixed rate energy deals with uSwitch and This is Money * *Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. 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We do not allow any commercial relationship to affect our editorial independence.On-camera Type Microphone Market Outlook and Future Projections for 2030 12-28-2024 12:07 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Dhirtek Business Research and Consulting On-camera Type Microphone Market The on-camera type microphone market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines the current state of the on-camera type microphone market but also forecasts its future trends. Scope and Purpose This report serves as an extensive resource, thoughtfully curated to deliver actionable intelligence to industry stakeholders. It covers critical elements such as market dynamics, competitive environments, growth opportunities, challenges, and regional differences. The insights provided go beyond mere descriptions, offering a valuable tool for stakeholders to refine their strategies and make informed choices in a competitive market. Request for Sample Report: https://www.dhirtekbusinessresearch.com/market-report/On-camera-Type-Microphone-Market/request-for-sample-report Comprehensive Market Analysis We are committed to providing a thorough analysis that explores every aspect of market growth, including shifts in consumer preferences and technological innovations driving demand for on-camera type microphone products. We also address the challenges faced by the industry, such as economic uncertainties and intense competition, offering insights to help stakeholders navigate these complexities. Key Players in the On-camera Type Microphone Market: Sony BOYA Saramonic RØDE Movo Sennheiser Deity Comica Shure Sanken Rycote Deity Microphones Strategic Guidance for the Future This report invites stakeholders to delve into a detailed examination of the competitive landscape. By profiling key players in the on-camera type microphone market and analyzing their strategies, we offer crucial insights to help industry participants make informed strategic decisions. Whether it's about outpacing competitors or learning from successful approaches, our analysis is designed to guide stakeholders toward success. Anticipated Insights Understanding the diverse segments within the on-camera type microphone market is critical to success. Our report breaks down segment sizes, potential growth trajectories, and key trends, offering actionable insights that allow stakeholders to develop targeted strategies and optimize resource allocation. The knowledge provided empowers stakeholders to navigate the complexities of the on-camera type microphone market with clarity and confidence. Balancing Market Forces and Strategic Impact This report delivers a comprehensive analysis of the factors shaping the on-camera type microphone market. By evaluating both the drivers of market growth and the obstacles that could impede it, stakeholders gain a holistic understanding of the market's dynamics. For manufacturers, this analysis helps align innovation efforts with consumer demands and regulatory trends, while investors and decision-makers gain a deeper understanding of economic risks and supply chain vulnerabilities, allowing them to make more informed strategic choices. Our goal is to provide stakeholders with the knowledge needed to confidently and successfully navigate the on-camera type microphone market. Competitive Landscape Our in-depth examination of the on-camera type microphone market's competitive landscape highlights key players, scrutinizing their strategies and impacts on the industry. By analyzing the approaches of major companies, stakeholders gain a valuable understanding of market dynamics and can leverage these insights to identify growth opportunities, innovate, and make informed strategic decisions. Market Segmentation The report begins with a detailed analysis of the unique characteristics defining each segment within the on-camera type microphone market. Segmentation can occur across various dimensions, including product types, customer demographics, or specific use cases. Understanding these differences allows stakeholders to tailor their strategies, products, and marketing efforts to meet the specific needs of each segment, enhancing competitive positioning and maximizing opportunities for success. Market Segments: Product Type: Gun Type Non-gun Type Application: Personal Advertising Company Television Company Others Market Size and Segment Growth Potential A crucial part of the report focuses on understanding the size and significance of each market segment. We provide quantitative data that illustrates the market share and contribution of each segment, enabling stakeholders to make informed decisions regarding resource allocation, strategic prioritization, and investment. This section offers insights into the growth potential of each segment, including factors driving future expansion, evolving consumer preferences, and technological adoption. Conclusion This report serves as a strategic guide for stakeholders in the on-camera type microphone market, offering comprehensive insights into market segmentation, competitive dynamics, and growth potential. By understanding the market's complexities and emerging opportunities, industry participants can make well-informed decisions that drive success and innovation in this rapidly evolving market. Other Reports Charcoal Mesh Belt Dryer Market https://www.dhirtekbusinessresearch.com/market-report/Charcoal-Mesh-Belt-Dryer-Market PV Junction Box Adhesive Market https://www.dhirtekbusinessresearch.com/market-report/PV-Junction-Box-Adhesive-Market Vanilla Market https://www.dhirtekbusinessresearch.com/market-report/Vanilla-Market Fence Post Market https://www.dhirtekbusinessresearch.com/market-report/Fence-Post-Market "Contact Us Dhirtek Business Research and Consulting Private Limited Contact No: +91 7580990088 Email Id: sales@dhirtekbusinessresearch.com" "About Us Dhirtek Business Research & Consulting Pvt Ltd is a global market research and consulting services provider headquartered in India. We offer our customers syndicated research reports, customized research reports, and consulting services. Our objective is to enable our clientele to achieve transformational progress and help them to make better strategic business decisions and enhance their global presence. We serve numerous companies worldwide, mobilizing our seasoned workforce to help companies shape their development through proper channeling and execution. We offer our services to large enterprises, start-ups, non-profit organizations, universities, and government agencies. The renowned institutions of various countries and Fortune 500 businesses use our market research services to understand the business environment at the global, regional, and country levels. Our market research reports offer thousands of statistical information and analysis of various industries at a granular level." This release was published on openPR.
Every new year comes with changes for everyone, and Social Security won’t be the exception. According to the federal agency, in less than two weeks the Social Security system will see two major changes that will directly impact retirees and other beneficiaries in the country. While some Social Security changes only affect specific groups of people, others affect a large number of existing or prospective claimants. As 2025 approaches, there are two significant shifts to be mindful of concerning the latter. Benefits are worth learning about even if you aren’t receiving them right now since they can still be important for your retirement plans in the future. The SSA announced two important surprises that will impact retirees in January 2025 Monthly paychecks will increase for more than 72 million beneficiaries In 2025, the biggest shift to Social Security payouts should be positive. The Social Security cost-of-living adjustment (COLA) will increase the monthly income for all current recipients. It is important to note that the purpose of the annual COLA is to counteract the impacts of inflation. The cost of most products and services, including housing, food, and clothing, appears to be rising gradually. Additionally, it has a greater effect on people who rely on fixed incomes like Social Security. The good news is that starting in January 2025 , recipients can anticipate a 2.5% rise in their monthly benefits. Although a 2.5% increase may be worse, it is less than the average COLA since it became annual in 1975. Benefits staying the same have happened a few times, but that is more of an exception than the rule. The last 10 COLAs are listed below: Social Security calculates the COLA for the following year using the inflation figures for July, August, and September of the previous year. Inflation hasn’t been as high as it has been in recent years, although the 2.5% COLA seems reasonable. I’m sure many retirees don’t mind making this sacrifice. Beneficiaries will have to pay more taxes on their Social Security paychecks A great deal of American workers pay Social Security payroll taxes throughout their working lives. If you have an employer, you and your spouse each pay 6.2% of the 12.4% Social Security tax. If you work for yourself, you are responsible for the entire 12.4%. The good news is that some workers’ earnings may not be subject to Social Security payroll taxes up to a certain amount, known as the wage base limit. The wage base limit was set at $168,600 in 2024, but it will increase to $176,100 in 2025. This means that the higher incomes of certain workers will be subject to Social Security payroll taxes. For example, if your income in 2024 is $175,000, the SSA will exempt around $6,400 from your payroll taxes. On the other hand, because $175,000 is below the new earnings base limit , all of it will be taxable in 2025. Here you will find the last ten wage limits in the US: For those who want to obtain the highest monthly benefit ($5,108 in 2025), it is crucial to understand the yearly wage base limit in addition to the tax issues. You must earn more than the salary base limit during the 35 years that Social Security uses to determine your monthly benefit , and you must wait until 70 (the latest age at which benefits grow by waiting) to be eligible for the maximum amount. Although current Social Security claimants are not directly impacted by wage base limits, it is nonetheless worthwhile to stay updated on yearly adjustments as they can provide insight into the program’s direction and overall health.