Market Research Blog – Page 1026 – New Product Development

Pharmaceutical Dissolution Testing Services Market is expected to reach USD 1.53 Billion at a CAGR of 8.3% by 2033

The Pharmaceutical Dissolution Testing Services Market is poised for significant growth, with a projected market value of USD 1.53 billion by 2033. This surge represents a substantial increase from the USD 693.12 million market value in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.3%.

For the physical assessment of solid dosage forms, such as tablets, capsules, ointments, and creams, dissolution testing is required. The simplest type of testing measures the solubility or rate of dissolving a medication tablet. Dissolution testing can be performed to assess the release rates of a drug material under various situations and to provide details regarding the effectiveness of in vivo performance in Absorption, Distribution, Metabolism, And Excretion (ADME) and bioavailability studies.

Dissolution testing provides information on how quickly or slowly certain drugs are absorbed into various body parts and, subsequently, how much they dissolve after administration. This enables businesses to assess whether a drug will function effectively after it enters a patient’s system and whether any negative effects brought on by slower absorption rates would occur.

Key Takeaways from the Pharmaceutical Dissolution Testing Services Market Study

By dosage form, the tablets dosage form segment is expected to dominate the global industry in 2023 and account for the maximum share of more than 65% of the overall revenue.
By dissolution apparatus, the paddle segment is expected to dominate the industry and account for the largest revenue share of more than 70% in 2023.
By method, the in-vitro method segment is expected to dominate the global market in 2023 and account for the largest share of more than 58% of the overall revenue.
North America is expected to dominate the global industry in 2023 and account for the maximum share of more than 50% of the overall revenue.
Asia Pacific is expected to possess 33% market share for pharmaceutical dissolution testing services market in Asia Pacific.

“Pharmaceutical dissolution testing requires specialized staff to run the assays and prepare regulatory filings. This factor has greatly increased the demand for professional teams to handle pharmaceutical dissolution testing, which is predicted to have a favorable effect on the industry.” comments a Future Market Insights analyst.

Pharmaceutical Dissolution Testing Services Market Competitive Landscape

Some of the prominent players in the global pharmaceutical dissolution testing services market include Intertek Group Plc, Avivia BV, Almac Group, Agilent Technologies, Inc, Catalent, Inc, Thermofisher Scientific Inc, Cambrex, Charles River Laboratories, Boston Analytical, Pace Analytical Life Sciences, SOTAX, AMRI, SGS SA

In August 2022, Almac, AstraZeneca CDx have entered into a partnership that is branching out to new disease areas, drawing on NGS, qPCR. The company is focusing on investing in research and development to assess and understand nature of diseases and manufacture medication for the same.
Avivia, a key player in pharmaceutical dissolution testing services market is focusing on offering full product development services to generic drug companies and specialty pharma focused on the development of new improved versions (value-added generics or generic plus) of established drug products.

A Full Report Overview

Drug Dissolution Analysis is a critical aspect of drug development and manufacturing, which involves the assessment of the rate at which a drug substance dissolves in a specific medium.

Key Segments Profiled in the Pharmaceutical Dissolution Testing Services Market Survey

By Method:

In Vitro
In Vivo

By Dosage Form:

Capsules
Tablets
Others

By Dissolution Apparatus:

Basket
Paddle
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Arterial Cannula Market to Expand Rapidly, Reaching USD 40 Billion at a Consistent 6.6% CAGR by 2033

The Arterial Cannula Market is experiencing a significant surge, driven by their crucial role in heart surgeries and interventions. According to a recent report, the market reached a value of USD 21 billion in 2023 and is projected to reach a staggering USD 40 billion by 2033, reflecting a healthy Compound Annual Growth Rate (CAGR) of 6.6%.

Arterial cannulae play a crucial role during cardiopulmonary bypass (CPB) procedures, facilitating perfusion into the ascending aorta. These essential medical devices come in a variety of materials, including biocompatible materials, silicone, polyurethane, polyvinyl chloride (PVC), and more. Their flexibility, translucency, and feature of hard or smooth plastic tips, along with secure connections, typically characterize arterial cannulas. The tip of a cannula may have a straight or curved design, often equipped with a vent plug for efficient de-airing during cannulation. Some advanced cannulas also incorporate wire reinforcement to enhance durability, reduce the risk of kinking, and optimize wall thickness.

The increased incidence of lifestyle disorders like obesity and diabetes is increasing the number of surgical procedures performed throughout the world. This is a significant factor that is expected to improve arterial cannula market sales. Moreover, the growing ageing population and rising demand for minimally invasive procedures (MIS) are likely to propel market growth. The worldwide arterial cannula market is predicted to increase at an exponential rate during the forecast period, owing primarily to the rising prevalence of cardiovascular illnesses. According to the American Heart Association, approximately half of all individuals in the United States had some kind of cardiovascular disease in 2019. Furthermore, according to the CDC, around 20.1 million persons aged 20 and older in the United States had coronary artery disease in 2020, accounting for approximately 7.2% of the overall population.

Furthermore, the rising popularity of aesthetic operations, as well as the expanding influence of social media, is driving up demand for arterial cannulas. In Addition to that, good government laws for delivering essential healthcare services, as well as advances in healthcare facilities are expected to drive the worldwide arterial cannula market. Furthermore, important suppliers are investing in R&D projects in order to create high-quality items.

Key Takeaways from the Arterial Cannula Market Study

FMI projects the global arterial cannula market to expand at a 6.6% value CAGR by 2033
The global arterial cannula market is estimated at a market value of US$ 21 Billion
The global arterial cannula market is expected to garner a market value of US$ 40 Billion
North America is expected to be the most lucrative for arterial cannula market growth
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.1% in the assessment period 2023-2033.
As per Future Market Insights, the Europe is expected to grow at a CAGR of 6.3% in the assessment period 2023-2033.
The hospitals segment is expected to hold the largest market share for arterial cannula in the forecast period 2023-2033.

“Asian countries with large ageing populations, such as Japan, China, and India, promises significant development potential for the sector in this area,” says an analyst at FMI

Arterial Cannula Market Competition:

Medtronic, plc.
LivaNova plc
Edward Lifesciences
Getinge AB
Fresenius Medical Care
BD, Nipro Corp.
Andocor
Freelife Medical GmbH
Surgical Holdings
Kangxin Medical.

Arterial Cannula Market Recent Developments:

In April 2020, LivaNova Plc. got a CE mark for their Bi-Flow Extracorporeal Membrane Oxygenation (ECMO) cannula for ECMO treatments in which femoral artery cannulation can be used.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global Arterial Cannula market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights based on Application (ECMO, Cardiopulmonary Bypass Surgery), by Size (20-22 Fr, 35-36 Fr), by End-use (Hospitals, ASCs), across five major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

A Full Report Overview

Key Segments Profiled in the Arterial Cannula Market Industry Survey

Arterial Cannula Market by Application:

Extracorporeal Membrane Oxygenation (ECMO)
Cardiopulmonary Bypass Surgery
Others

Arterial Cannula Market by Size:

14-16 Fr
17-19 Fr
20-22 Fr
23-25 Fr
26-28 Fr
29-31 Fr
32-34 Fr
35-36 Fr

Arterial Cannula Market by End Use:

Hospitals
Ambulatory Surgical Centers
Others

About Future Market Insights (FMI)

Contact Us:

3D Printed Prosthetics Market is expected to be worth USD 3.5 Billion, growing at a rate of 8% annually By 2033

The future of prosthetics is taking shape, and its 3D Printed Prosthetics Market is expected to surge in value, reaching an estimated USD 3.5 billion by 2033. That’s a significant jump from its current market value of USD 1.62 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 8%.

The World Health Organization estimates that around 30 million globally need prosthetics, and adopting the 3D printing technique can help increase availability for individuals, especially in remote regions at a lower cost. Such factors coupled with high patient comfort and easy customization are expected to boost the market growth. Advancements in body modeling and 3D scanning technologies from players such as Body Labs will enable individuals to 3D scan their limbs and have prosthetics molded after them, allowing a more natural fitting and appearance.

The advent of COVID-19 impacted the additive manufacturing market as the pandemic resulted in supply chain bottlenecks and manufacturing closures mostly in the initial quarters of 2020. However, the 3D printing market witnessed a significant boost post-pandemic as this is a disruptive technology and has emerged as a potential solution to curb medical device supply shortages. Moreover, the key players in the 3D printed prosthetics market reported a sales increase in 2021 and this indicates that the market has recovered from the COVID-19 impact and is expected to grow eminently in the future.

Key Takeaways from the 3D Printed Prosthetics Market Study

By type, the limbs segment is expected to dominate the global market for 3D printed prosthetics and account for 35% of the overall revenue share.
By end use, the hospitals segment is expected to account for the maximum share of 40% of the overall revenue in 2023.
By material, the polypropylene segment is expected to dominate the global market in 2023 and account for the largest revenue share of 33%.
North America is expected to dominate the global market in 2023 and account for more than 40% of the global revenue share in the same year.
Asia Pacific is expected to possess 37% market share for 3D printed prosthetics market in 2023.

“Increasing cases of accidental and sports injures is the key factor driving the growth of the 3D printed prosthetics market. In addition, technological advancement too is spurring the adoption of 3D printed prosthetics,” comments a Future Market Insights analyst.

3D Printed Prosthetics Market Competitive Landscape

Some of the players in the global 3D printed prosthetics market include 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Bionicohand, YouBionic, UNYQ, Mecuris, LimbForge, Inc., Open Bionics, Create Prosthetics, Bio3D Technologies, Laser GmbH, Prodways Group, Protosthetics, 3T RPD Ltd, Formlabs

YouBionic, a key player in the 3D printed prosthetics is focusing on making their 3D printed prosthetic hand durable, flexible and more movable. Thus, the company is integrating artificial intelligence to increase its usability.
Prodways Group, another key player in the 3D printed prosthetics market offers a technologically advanced arm for patients of all age groups. The company is focusing on offering the same to a wider consumer base by penetrating into different geographical locations.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global 3D printed prosthetics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

A Full Report Overview

Key Segments Profiled in the 3D Printed Prosthetics Market Survey

Type:

Sockets
Limbs
Joints
Others

Material:

Polyethylene
Polypropylene
Acrylics
Polyurethane

End-use:

Hospitals
Rehabilitation Centers
Prosthetic Clinics

About the Healthcare at Future Market Insights

The healthcare domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Heart Closure Devices Market is expected to be valued at USD10.88 Billion, growing at a CAGR of 14.9% By 2033

The Heart Closure Devices Market is experiencing a strong pulse, driven by rising demand for minimally invasive procedures. According to a recent analysis, the global Heart Closure Devices Market is expected to reach a staggering USD 10.88 billion by 2033. This represents a significant leap from its estimated value of USD 2.71 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 14.9%.

Factors such as an increase in the incidence of congenital heart defects, technological advancements in heart closure devices, a rise in the adoption of MRI procedures, and an upsurge in the geriatric population are expected to augment the growth of the global heart closure devices market over the analysis period.

On the other hand, the high cost of production and stringent regulations associated with these devices limit the market growth. Whereas, an increase in several heart strokes and the development of innovative products by key players are expected to provide lucrative avenues for market expansion in the forthcoming years.

Furthermore, the utilization of 3D imaging and anatomical models in the manufacturing and planning processes of heart closure devices is gaining prominence in the market. This is expected to change the supply landscape of the industry, attributed to characteristics such as personalization, adaptability, and flexibility provided by using 3D imaging technology.

This in turn decreases the overall prostheses employed per patient along with the procedure time, which makes it a viable option in the production and planning process. Similarly, continuous new product launches as well as approvals along with rapid expansion of the healthcare industry across emerging economies will bode well for the market growth shortly.

Heart Closure Devices Market Key Takeaways:

The global heart closure devices market was valued at US$ 2.36 Billion by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 6.6%
By Closure Type, the left atrial appendage closure segment of the market constitutes the bulk of the market with a market share of 49%
By End-User, the Hospitals segment dominates the market with a share of 47%
From 2023 to 2033, Heart Closure Devices sales are expected to flourish at a CAGR of 14.9%.
By 2033, the market value of Heart Closure Devices is expected to reach US$ 10.88 Billion

“The rise in patient pool globally, and growing awareness about heart diseases positively are the major factors driving the growth of the Heart Closure Devices Market during the forecast period,” remarks an FMI analyst.

Heart Closure Devices Market Competitive Landscape

Players in the global Heart Closure Devices Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In July 2021, Angel Medical Systems, Inc. announced the first commercial implantation of their flagship product, “The Guardian” device in the U.S. region. This was the first procedure followed by their recent FDA approval.
In April 2021, Phoenix Cardiac Devices, Inc. announced that they received a CE Mark for their product, BACE (Basal Annuloplasty of the Cardio externally) device. This approval helps in the commercialization of BACE in the European Union.
In March 2021, the U.S. FDA announced the approval of the world’s first non-surgical heart valve treatment for pediatric and adult patients suffering from a native or surgically repaired right Ventricular outflow tract (RVOT). The device was specifically developed to treat patients with severe pulmonary heart regurgitation.

Know More About What the Heart Closure Devices Market Report Covers

Future Market Insights offers an unbiased analysis of the global Heart Closure Devices Market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.

To understand opportunities in the Heart Closure Devices Market, the market is segmented based on closure type across five major regions.

A Full Report Overview

Key Segments:

Heart Closure Devices Market by Closure Type:

Congenital Heart Defect Closure
- Atrial Septal Defect (ASD)
- Patent Ductus Arteriosus (PDA)
- Ventricular Septal Defect (VSD)
Patent Foramen Ovale (PFO) Closure
Left Atrial Appendage (LAA) Closure

Heart Closure Devices Market by Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

About Future Market Insights (FMI)

Contact Us:

Healthcare Companion Robots Market is projected to develop at an astounding 18% CAGR and reach USD11.73 Billion By 2033

The future of healthcare is getting a friendly face! The Healthcare Companion Robots Market is on track for a significant surge, with a projected value of USD 11.73 billion by 2033. This translates to a remarkable 18% CAGR (Compound Annual Growth Rate) from 2023. This significant leap builds upon a solid foundation. The market for healthcare companion robots already experienced a steady 10% CAGR from 2018 to 2022.

With the increasing geriatric population and rising prevalence of diseases such as Alzheimer’s; dementia, etc., the demand for companion robots is likely to increase over a forecast period. Various robots are being developed which help people suffering from such disorders to live a normal life. For instance, Ryan, a companion robot outfitted with artificial intelligence technology is designed to assist the aging population, specifically those struggling with Alzheimer’s. Also, it is equipped with cognitive games to keep the brain active and helps recognize who it interacts with and carry-on conversations. In addition, the increasing incidences of depression is fueling market growth.

Furthermore, with the outbreak of COVID-19, the prevalence of loneliness rose, which positively impacted the demand for companion robots. Paro, a companion robot approved by the FDA as an insured cost for patients is used to assist people with depression, anxiety, and other conditions. These robo-seals are provided in free-to-licensed nursing homes and around 28 nursing homes in Washington State have started using them since last year.

In addition, various initiatives undertaken by market players to provide innovative solutions are anticipated to drive the growth of the market during the forecast period. Furthermore, the integration of advanced technologies to improve healthcare outcomes is expected to boost the market in upcoming years.

Key Takeaways from the Healthcare Companion Robots Market Study

In 2023, Asia Pacific is expected to dominate the healthcare companion robots market with a share of 50%.
North America is expected to possess a 41% market share in the healthcare companion robots market in 2023.
By type, the humanoid segment is expected to hold the largest share of nearly 75% in 2023.
By age group, the geriatric segment is expected to hold the largest share of 40% in 2023.

“Advancement in technology along with increase in dependency on robots especially by the geriatric and disabled population is favoring growth of the healthcare companion robots market.” comments a Future Market Insights analyst.

Healthcare Companion Robots Market Competitive Landscape

Some prominent players in the global healthcare companion robots market include Blue Frog Robotics & Buddy ASUS, Intuition Robotics, inGen Dynamics, PARO Robots U.S., Inc, No Isolation, Luvozo, Honda Robotics, Hanson Robotics, Ubtech, Emotix and Jibo

For instance, in March 2022, Intuition Robotics launched ElliQ, a digital care companion. It is designed to help older adults to be more physically active and socially engaged and enable them to have happier, more independent lives.
Intuition Robotics, a key player in the healthcare companion robots market is focusing on innovating robots that help the geriatric population fight loneliness. Thus, the company is researching on required emotional intelligence and integrating the same through artificial intelligence in the robots.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global healthcare companion robots market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights based on type (Animal-like and Humanoid), age group (Children, Adult, Geriatric) and regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

A Full Report Overview

Key Segments Profiled in the Healthcare Companion Robots Market Survey

Type:

Animal-like
Humanoid

Age-Group:

Children
Adult
Geriatric

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Backend-as-a-Service Market Poised to Reach US$ 27.01 Billion by 2033, Growing at 24.5% CAGR

The global Backend-as-a-Service (BaaS) Market is set to experience substantial growth over the next decade, driven by the increasing demand for scalable cloud solutions and the rapid expansion of mobile and web applications. The market, currently valued at US$ 3,011.4 million in 2023, is projected to surge to an impressive US$ 27,016.6 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 24.5% during the forecast period.

BaaS solutions enable developers to automate backend services such as data storage, user authentication, push notifications, and server management, significantly reducing the time and complexity of app development. As organizations focus on improving operational efficiency and user experiences, the adoption of BaaS platforms is expected to accelerate across industries, particularly in sectors like retail, e-commerce, healthcare, and finance.

Key Takeaways from the Market Study:

The Backend-as-a-Service Market is anticipated to grow at a CAGR of 24.5% from 2023 to 2033.
The market is expected to reach US$ 27,016.6 million by 2033, driven by increased demand for mobile and web applications.
Scalability, ease of integration, and cost efficiency are key factors driving the adoption of BaaS platforms across industries.
The North American region dominates the market, with a strong presence of tech companies and early adoption of cloud technologies.

Drivers and Opportunities:

The rapid expansion of mobile and web applications, fueled by the proliferation of smartphones and the digitalization of businesses, is one of the primary drivers of the Backend-as-a-Service Market. Organizations are increasingly adopting BaaS platforms to streamline app development processes, reduce infrastructure management burdens, and ensure faster time-to-market for their digital products.

The growing trend toward cloud-based solutions is also contributing to market growth, as businesses seek to reduce operational costs and leverage scalable backend infrastructures. BaaS allows companies to focus on the front-end user experience while outsourcing backend operations to cloud service providers, resulting in greater agility and flexibility.

In addition, the rising adoption of AI, IoT, and machine learning technologies presents significant opportunities for BaaS providers. By integrating backend services with AI and IoT platforms, businesses can create smarter applications with real-time data processing, predictive analytics, and enhanced automation capabilities.

Component Insights:

The Backend-as-a-Service Market is segmented by component into services and software development kits (SDKs). The services segment holds the largest share of the market, as businesses rely on BaaS providers for a wide range of backend functions, including data management, cloud storage, user authentication, and real-time database updates.

SDKs are gaining popularity as they offer developers pre-built tools to integrate backend services into applications more efficiently. These kits help developers connect their apps to cloud infrastructures without building complex server-side logic from scratch. As the market evolves, SDKs will play a critical role in supporting the rapid development of mobile and web applications.

Application Insights:

BaaS solutions are widely used across various industries, with major applications in e-commerce, healthcare, financial services, education, and gaming. The e-commerce sector is a significant contributor to market growth, as businesses increasingly adopt BaaS to provide seamless shopping experiences through enhanced mobile apps, secure payment gateways, and efficient inventory management systems.

In healthcare, BaaS is being utilized to support telemedicine platforms, electronic health records (EHRs), and patient engagement apps, enabling healthcare providers to deliver remote care and monitor patients in real-time. Similarly, in financial services, BaaS is helping institutions manage mobile banking, payment processing, and customer relationship management (CRM) systems, driving efficiency and improving customer experiences.

The gaming industry is another key driver of BaaS adoption, as developers leverage cloud-based backend services to handle multiplayer functionalities, user data storage, and in-app purchases, ensuring that gaming experiences are smooth and scalable.

Deployment Insights:

The Backend-as-a-Service Market is divided into public cloud, private cloud, and hybrid cloud deployment models. Public cloud BaaS dominates the market due to its cost-effectiveness, scalability, and ease of access. Businesses of all sizes are opting for public cloud BaaS platforms to quickly deploy applications without worrying about server infrastructure and maintenance.

Private cloud deployments, while less common, are critical for organizations with stringent security and compliance requirements, such as those in the financial services and government sectors. These companies prefer private cloud solutions to maintain full control over their backend infrastructure and ensure the highest levels of data privacy.

Hybrid cloud solutions, which combine the flexibility of public cloud with the security of private cloud, are gaining traction as businesses look for more customized and adaptable BaaS options. The hybrid model allows organizations to benefit from the scalability of the public cloud while keeping sensitive operations in-house.

Key Companies & Market Share Insights:

The Backend-as-a-Service Market is highly competitive, with several key players driving innovation and market expansion. Leading companies include Google LLC, Amazon Web Services (AWS), Microsoft Corporation, IBM Corporation, and Oracle Corporation. These tech giants dominate the market through their comprehensive cloud infrastructure offerings, which provide seamless BaaS integration for enterprises and developers.

Google Firebase, for instance, is a widely adopted BaaS platform that offers a full suite of backend services, including cloud storage, analytics, and real-time database management. Amazon Web Services (AWS) continues to strengthen its position with AWS Amplify, a BaaS offering designed for mobile and web apps that require real-time data synchronization and secure user authentication.

Recent Developments:

Google LLC recently enhanced its Firebase platform with new features focused on improving data security and app performance monitoring for developers.
Amazon Web Services (AWS) expanded its AWS Amplify platform to support AI-powered backend services, enabling developers to integrate machine learning models into their apps seamlessly.
Microsoft Corporation introduced new capabilities in its Azure App Services, streamlining the process for building and deploying apps on the cloud with enhanced backend management tools.
IBM Corporation is advancing its IBM Cloud platform with added support for hybrid cloud BaaS solutions, helping enterprises manage their backend operations across both public and private clouds.
Oracle Corporation continues to innovate in the BaaS space with new security-focused features for Oracle Cloud, targeting industries with high regulatory requirements, such as healthcare and finance.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

In-Counter Barcode Scanners Market Value to Grow by Almost US$ 4587.9 Million in 2032 | Future Market Insights, Inc.

The market for in-counter barcode scanners is anticipated to reach US$ 2,194.5 Million in 2022. The demand for in-counter barcode scanners is expected to grow at a CAGR of 7.7% between 2022 and 2032, reaching a total of about US$ 4,587.9 Million by 2032. This is due to factors such as the increasing penetration of e-commerce, the simplification of payment routes, streamlining of warehouse inventory, and growing presence in public distribution systems.

Due to the increase in the number of e-retailers in the market and the shift towards the digitalization of public distribution system, the In-counter barcode scanners market is growing rapidly. The In-counter barcode scanners market is rapidly growing in retail and warehousing industries.

The technological advantages and cutting-edge features of the in-counter barcode scanners are making them more popular in various industries. Also, the availability of innovative and customized products such as mobile computing devices are fueling the growth of in-counter barcode scanners market.

The advent of barcode technology has reduced the hurdles in the tracking and supply for the retailers in the market. In-counter barcode scanners technology has been consistently improved and made more efficient and as a result, now a days, most of the products come in the market has barcodes printed on it, which are scanned through barcode scanners.

Today, in-counter barcode scanners have become one of the best solution for recording and managing product information without making any major manual effort. In-counter barcode scanners are also used to make quick check-outs at cash counter, for easy and accurate account keeping and for better inventory control for manufacturers and retailers.

In-counter Barcode Scanners: Drivers and Challenges

Drivers

The emerging technologies in the public distribution system are the primary growth drivers of the In-counter barcode scanners market. Also, the Increasing requirement of Industries for remote solutions are also playing an important role in fueling In-counter barcode scanners market. Moreover, the growing number of multinational logistics service provides is one of the key factor which is driving the growth of In-counter barcode scanners market.

The In-counter barcode scanners helps to increase effectiveness and efficiency of operations by reducing error and by helping users to keep track of inventory which ultimately saves the time, and due to this factor, the demand for In-counter Barcode Scanners is increasing.

Challenges

The high cost of In-counter barcode scanners is one of the major challenges that is restraining the growth of In-counter barcode scanners market. Moreover, these in-counter barcode scanners are sometimes inconvenient to use as they fixed and it is difficult to move them from one place to another.

Key Players

The Prominent players in In-counter barcode scanners market are Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, SATO Holdings Corporation, Toshiba TEC Corporation,Wasp Barcode Technologies, Datalogic S.P.A, Scandit AG and others.

In-counter Barcode Scanners: Regional Overview

On geographic basis, North America will be the largest market for In-counter barcode scanners market due to rapid adoption of advanced technologies in the public distribution system. APAC market will be the fastest growing In-counter barcode scanners market due to the presence of various key players in countries like China, India, Japan, and South Korea and rapid increase in number of e-retailers in this region. Latin America also offers potential growth opportunities in In-counter barcode scanners market due the rise in digital technologies in this region.

The report covers exhaustive analysis on

In-counter barcode scanners market Dynamics
In-counter barcode scanners market Segments
Supply & Demand Value Chain
In-counter barcode scanners Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
In-counter barcode scanners Market Drivers and Restraints

Key Segments Covered in the In-Counter Barcode Scanners Industry Report

In-Counter Barcode Scanners Market by Vertical:

Retail and Consumer Packaged Goods
Warehousing
Transport and Logistics

In-Counter Barcode Scanners Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Corporate Event Planner Market Poised for Robust Growth at a Staggering CAGR of 31.8% through 2033

Based on projections, the Corporate Event Planner Market is expected to expand at a Compound Annual Growth Rate (CAGR) of 31.8% from 2023 to 2033. The market is anticipated to reach a valuation of US$ 390.7 billion in 2023 and rise to a remarkable US$ 6,196.4 billion market share by 2033.

The growing need for automation in event management firms is the reason for this noteworthy growth in the corporate event planner market. Automation is quickly becoming more and more popular as a way to simplify event operations and provide ease and efficiency when planning business gatherings.

Furthermore, there is a growing emphasis on deriving actionable insights from corporate events, which is driving key trends and opportunities within the corporate event planning industry. Event planners are increasingly harnessing data and analytics to optimize event outcomes and enhance attendee experiences.

Market Snapshot

Projected CAGR of 31.8% between 2023 and 2033.
Market expected to be valued at US$ 390.7 billion in 2023.
Anticipated market share of US$ 6,196.4 billion by 2033.
Increasing demand for automation to simplify event functionalities.

Drivers and Opportunities

The Corporate Event Planner Market’s robust growth is driven by the following factors:

Automation in Event Management: Companies are adopting automation solutions to streamline event planning, execution, and post-event analysis.
Actionable Insights: Event planners are focusing on extracting valuable insights from events to enhance decision-making and improve future events.

Competitive Landscape – Regional Trends

The corporate event planning industry is experiencing regional variations in terms of market dynamics. Different regions are witnessing varying adoption rates of automation and data-driven event planning.

Key Players

Bassett Events, Inc.
MKG
Colin Cowie
David Tutera
JR Global Events
Rafanelli Events
Oren Co
Wonderland
Event Solutions
MGM Resorts
AJ Williams Events

Region-wise Insights

North America: Leading the market in terms of automation adoption, with a focus on data-driven event planning.
Europe: Witnessing steady growth in corporate event planning, with an increasing emphasis on actionable insights.
Asia-Pacific: Emerging as a lucrative market, driven by the adoption of automation and the growing demand for corporate events.
Latin America: Experiencing a surge in corporate events, creating opportunities for event planners to offer innovative solutions.
Middle East and Africa: Seeing gradual growth in the corporate event planning sector, with potential for future expansion.

Category-wise Insights

Technology-driven Events: Witnessing rapid growth as companies leverage technology for immersive experiences.
Sustainable Events: A rising trend as environmental concerns drive sustainable event planning practices.
Hybrid Events: Gaining traction as a blend of in-person and virtual experiences becomes more popular.

Key Segments Covered

By Event Type:

Conference/Seminar
Trade Shows/Exhibitions
Incentive Programs
Company Meetings
Others

By Industry Type:

Banking and Financial Sector
Information Technology
Real Estate and Infrastructure
Automotive
Insurance
Others

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Business Cloud VoIP & UC Services Market to Reach $55.4 Billion by 2033, Growing at a CAGR of 11.3%

The global business cloud VoIP & UC services market is projected to be worth US$ 18,929.2 million in 2023, surpassing US$ 55,383.1 million by 2033. The market is anticipated to expand at an 11.3% CAGR between 2023 and 2033.

Several key factors contribute to the development and broad adoption of the business cloud VoIP & UC services industry. One significant factor is the growing demand in the corporate sector for flexible and scalable communication solutions. As businesses develop abroad and embrace remote work, the requirement for effective and dependable communication solutions becomes critical. Business cloud VoIP and UC services provide a cost-effective, feature-rich solution that enables enterprises to simplify communication operations, boost collaboration, and increase productivity. Furthermore, technological improvements, such as the expansion of high-speed internet and the push toward digital transformation, fuel demand for cloud-based communication services.

While the business cloud VoIP & UC services industry is expanding, several constraints may impede its advancement. One major impediment is the difficulty of assuring data security and privacy in a cloud-based system. Concerns about data breaches and unauthorized access develop as organizations depend on cloud services to manage sensitive and secret information. To create confidence and reduce the constraints associated with data security, service providers must address these issues by providing effective security mechanisms, encryption technologies, and compliance requirements.

The business cloud VoIP & UC services industry offers various attractive prospects for service providers and enterprises. The expanding trend of unified communications (UC) integration presents one major opportunity. Businesses may increase productivity, simplify processes, and improve customer experiences by combining many communication channels, such as audio, video, messaging, and collaboration tools, into a single platform. Furthermore, the growing use of remote work and virtual teams presents potential for cloud-based communication solutions that enable continuous connection and collaboration regardless of physical location. Demand for business cloud VoIP & UC services is predicted to increase as enterprises embrace digital transformation.

Several major developments are shaping the business cloud VoIP & UC services industry and driving innovation. The incorporation of artificial intelligence (AI) and machine learning (ML) technology into communication systems is one significant trend. Virtual assistants, automated call routing, and sentiment analysis are examples of AI-powered services that improve user experiences, increase efficiency, and customize interactions. Another trend is the incorporation of collaboration features inside UC systems, allowing for real-time document sharing, project management, and virtual meetings. This trend promotes seamless communication and helps teams collaborate effectively regardless of location.

Key Takeaways from the Business Cloud VoIP & UC Services Market:

The United States holds a significant market share of 20.3% in 2023, indicating its dominance and strong presence in the business cloud VoIP & UC services industry.
Germany captures a notable market share of 9.1% in 2023, showcasing its contribution and market position in the business cloud VoIP & UC services industry.
Japan holds a share of 5.2% in 2023, highlighting its presence and market capture in the business cloud VoIP & UC services industry.
CAGR during the forecast period:
Australia demonstrates steady growth potential with a projected CAGR of 2.4% during the forecast period.
China exhibits a high growth rate with a projected CAGR of 13.9% during the forecast period.
India presents substantial growth potential with a projected CAGR of 12.2% during the forecast period.
The United Kingdom showcases a robust growth rate with a projected CAGR of 10.6% during the forecast period, reflecting sustained demand and increasing adoption of business cloud VoIP & UC services in the country.
The software component dominates the business cloud VoIP & UC services industry with a significant market share of 62.7% in 2023.
Large enterprises hold a substantial market share of 58.2% in 2023, indicating their strong adoption of business cloud VoIP & UC services.

What are Key Players Doing to Thrive in the Business Cloud VoIP & UC Services Market?

The competitive landscape of the business cloud VoIP & UC services industry is dynamic and evolving, with several key players vying for market share and striving to deliver innovative and reliable communication solutions. These key players compete based on factors such as product portfolio, technological innovation, reliability, scalability, customer support, and market reach. They strive to provide businesses with robust, feature-rich communication solutions that enhance productivity, streamline workflows, and foster effective collaboration.

Cisco Systems, Inc.: Cisco is a leading player in the business cloud VoIP & UC services industry, offering a comprehensive suite of communication and collaboration solutions. The company’s expertise lies in providing end-to-end UC solutions that integrate voice, video, messaging, and collaboration tools, catering to the diverse needs of businesses of all sizes.
Microsoft Corporation: Microsoft is a prominent player in the industry, known for its robust cloud-based communication platform, Microsoft Teams. The platform offers a wide range of UC capabilities, including voice calling, video conferencing, chat, and document collaboration, leveraging the power of Microsoft’s ecosystem and integration with other business tools.
RingCentral, Inc.: RingCentral specializes in cloud-based communication and collaboration solutions, offering a unified platform for voice, video, messaging, and team collaboration. The company’s focus on delivering a seamless and integrated user experience has positioned it as a key player in the business cloud VoIP & UC services market.
Zoom Video Communications, Inc.: Zoom is recognized for its video conferencing solutions and has expanded its offerings to include a comprehensive UC platform. The company’s cloud-based services provide businesses with robust video communication, webinars, chat, and other collaboration tools, facilitating seamless remote communication and collaboration.

Avaya Inc.: Avaya offers a range of business communication and collaboration solutions, including cloud-based VoIP and UC services. The company’s portfolio includes voice, video, messaging, and contact center solutions designed to meet the communication needs of enterprises across various industries

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Key Segments Profiled in the Global Business VoIP & UC services market

By Component:

Software
Services

By Vertical:

BFSI
Information Technology
Government
Healthcare
Retail
Energy & Utilities
Manufacturing
Other Verticals

By End User:

Small & Medium Enterprises
Large Enterprises

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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FMI Analysis States Global Industrial Rolling Ladder Market to Cross USD 353.4 Million by 2034, Driving 4.3% CAGR Growth

The global industrial rolling ladder market is anticipated to reach a valuation of USD 221.1 million in 2024, driven by market penetration in developing regions. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.3% between 2024 and 2034, and reaching a total valuation of approximately USD 353.4 million by 2034.

One of the major factors contributing to the growth of the market is the customer education and awareness. The provision of training programs and educational materials on the proper use, maintenance, and safety considerations of industrial rolling ladders can create opportunities for manufacturers to add value and differentiate their products in the market.

The demand for customizable and modular industrial rolling ladders is growing. Businesses often require solutions tailored to their specific applications, and manufacturers offering a range of customization options can seize opportunities in niche markets.

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The rise of rental and leasing services for industrial equipment, including rolling ladders, provides an alternative for businesses that may not want to invest in outright purchases. Offering flexible leasing options can be a strategic move for manufacturers to tap into a broader customer base.

Industries operating in harsh environments, such as chemical plants or outdoor construction sites, demand ladders made from anti corrosive and durable materials. Manufacturers incorporating these features into their products can cater to specific industry needs.

The integration of AR and VR technologies in industrial training and maintenance processes presents opportunities for industrial rolling ladder manufacturers. AR and VR applications can assist in training users on ladder safety and guide maintenance personnel through repair processes.

The use of lightweight materials, such as aluminum and composite alloys, is gaining traction. Lightweight industrial rolling ladders are easier to maneuver and transport, making them desirable for applications where mobility is crucial.

The aerospace and defense industries often have specific requirements for access equipment due to the nature of their operations. Manufacturers targeting these verticals with specialized industrial rolling ladders can find opportunities in sectors that prioritize precision and safety.

Key Takeaways from the Market Study:

Global industrial rolling ladder market was valued at USD 211.6 million by 2023-end.
From 2019 to 2023, the market demand expanded at a CAGR of 4.8%.
The market in India is expected to expand at a CAGR of 5.0% through 2034.
By product type, the cantilever segment to account for a share of 35.0% in 2024.
From 2024 to 2034, industrial rolling ladder market is expected to flourish at a CAGR of 4.3%.
By 2034, the market value of industrial rolling ladder is expected to reach USD 353.4 million.

“Increasing demand for mobile and portable access solutions is driving innovations in the mobility features of industrial rolling ladders. Foldable, retractable, or telescopic designs cater to industries that require compact storage and easy transportation,” remarks Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the industrial rolling ladder market

Louisville Ladder
Cotterman
Hasegawa
Günzburger SteigtechnikTianjin Jinmao
Shanghai Ruiju
Altrex Ladder
Tri-Arc
Elkop
FACIAL
Chongqing Xituo
EGA Products

Company Portfolio:

Established in 1979, EGA Products, Inc. has been a stalwart in the industrial products sector. The extensive product line of the company encompasses a diverse array of material handling equipment, including rolling ladders, fixed ladders, mobile and stationary access/work platforms, swing gates, step stools, stairways, stack racks, pallet rack accessories, and more.
Tri-Arc is a leading manufacturer of industrial rolling ladders, and work platforms. The product range of the company includes various ladder types designed for specific industrial applications.

Industrial Rolling Ladder Market Segmentation Analysis:

By Product Type:

Cantilever Rolling Ladders
Safety Rolling Ladders
Monster Rolling Ladders
360 Degree Rolling Ladders
Multi Directional Rolling Ladders

By End Use:

Warehouse
Distribution Centres
Manufacturing Facilities
Other End Use

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

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The oil and gas sensor market is anticipated to be valued at USD 14.1 billion by 2034.

The extruder and compounding machine market is anticipated to be valued at USD 113.96 billion by 2034.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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