Medical Billing Outsourcing Market projected to grow at a CAGR of around 17.1% during 2022 – 2032

The Medical Billing Outsourcing Market revenues were estimated at US$ 11.1 Bn in 2021 and is anticipated to grow at a CAGR of 16% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55.6 Bn.

The covid-19 epidemic has had a positive impact on the growth of the medical billing outsourcing industry. It is due to the expanding influence of technology in the healthcare business, which has traditionally relied on localized healthcare systems. The pandemic has accelerated market growth by accelerating digital development in a variety of industries, including healthcare.

The pandemic has highlighted the significance of adopting proactive actions and establishing a strong, extendable, collaborative, and reactive digital healthcare infrastructure. As a result, in order to enhance market development, numerous organizations are adopting methods such as digitization and outsourcing of all non-core areas of their operations, such as invoicing and accounting. The rapid move to digital billing is directly related to the growing demand for the medical billing outsourcing market.

Key Takeaways from the Market Study

  • Medical Billing Outsourcing Market was valued at US$ 11.1 Bn in 2021. According to Future Market Insights, Medical Billing Outsourcing Market revenue would increase 4.4X between 2022 and 2032, reaching roughly US$ 55.6 Bn in 2032.
  • In terms of Component, the Outsourced segment accounts for the highest projected CAGR of over 15.6%.
  • In terms of End-Use, the Hospital accounts for the highest projected CAGR of over 17.1%.
  • US is the dominant region in the Medical Billing Outsourcing Market with an expected absolute dollar growth opportunity of US$ 18.4 Bn during 2022 – 2032.

“During the projected period, the rise in the number of hospitals in terms of end-use can become a key driver towards raising the medical billing outsourcing market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The medical billing outsourcing market is very competitive, with numerous medium, and small businesses fighting against one another. Mergers, partnerships, and acquisitions are some of the key business methods used by corporations to increase their market share.

Some of the key medical billing outsourcing service providers include R1 RCM Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., Experian Information Solutions Inc., eClinicalWorks LLC, Athenahealth, Quest Diagnostics, Promantra Inc., AdvancedMD, Inc., Kareo, Inc., and McKesson Corporation.

Some of the key developments in the global medical billing outsourcing industry are:

  • In March 2022, Omega Healthcare, a prominent healthcare management services and solution firm, acquired Reventics, a revenue cycle management solution developer which delivers provider engagement solutions to increase physician reimbursement & compliance.
  • In July, 2021, R1 RCM Inc., a supplier of technology-driven solutions that enhance healthcare providers’ patient experiences and financial performance, announced the completion of its purchase of VisitPay, a digital payment solution provider. The purchase integrates VisitPay’s customer payments infrastructure with R1’s leading patient access technology, allowing providers to offer their patients a smooth financial journey

Market Segments Covered In Medical Billing Outsourcing Market Analysis

By Component:

  • In-house Medical Billing
  • Outsourced Medical Billing

By Service Type:

  • Front End
  • Middle End
  • Back End

By End-use:

  • Hospital
  • Physician Office
  • Other End-uses

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Medical Billing Outsourcing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Medical Billing Outsourcing Market across in terms of Component (In-house, Outsourced), Service Type (Front End, Middle End, Back End), End-Use (Hospital, Physician Office, Other End-uses) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Conventional Motorcycles and Scooters Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

The report titled ‘Conventional Motorcycles and Scooters Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2032’ is a comprehensive take on the global conventional motorcycles and scooters market with detailed forecasts based on market taxonomy being an essential component of the research.

The global conventional motorcycles and scooters market is projected to reach a valuation of US$ 192,590.0 Mn by 2032. The market is anticipated to grow at a CAGR of 3.8% between 2022 and 2032. The conventional motorcycles and scooters market is set to be valued at US$ 132,635.6 Mn in 2022.

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Product Type – Standard Motorcycles Popular in the Conventional Motorcycles Market

Standard motorcycles are very popular and are expected to gain a massive 390 BPS by the end of the forecast period. This can largely be attributed to their affordability, making them sought after by lower-middle class and middle-class customers. Standard motorcycles are almost half the global conventional motorcycles market in terms of absolute dollar opportunity.

Product Type – Standard Scooters Dominate the Conventional Scooters Market

Standard scooters are easy to handle and convenient to ride, spurring their popularity with youngsters, women, and senior citizens. The volume of standard scooters is poised to exceed 26 million units by the end of 2027. An incremental dollar opportunity of approx. US$ 16 Bn exists in the standard scooters market for the decadal study.

Engine Capacity – Minimum Capacity Motorcycles Have Maximum Volume

The motorcycles with a cubic capacity of less than 150 CC have a market share of more than 3/4th the conventional motorcycles market and are predicted to retain this commanding position. These motorcycles offer their riders the best of both worlds by being able to strike the right balance between performance and fuel efficiency.

Engine Capacity – Up to 150 CC Scooters Largest Conventional Scooters Market Segment

Scooters with a cubic capacity of less than 150 CC are the focus area for key stakeholders in the conventional scooters market as they are able to eke out the maximum fuel efficiency for every drop of fuel. The less than 150 CC scooter segment is on track to record a CAGR of 4.3% from 2017-2027.

Region – APEJ Motorcycles Market Races Ahead in the Conventional Motorcycles Market

The fast-growing, dynamic economies of China, India, and Indonesia have millions newly entering the middle class and seeking out a means of personal mobility. These customers naturally gravitate towards motorcycles leading to this region being the most important by a considerable margin in the conventional motorcycles market. With unit sales approaching 43 million units by 2027, it is not surprising to see why.

Region – APEJ Scooters Market Largest in Conventional Scooters Market

The APEJ scooter market is larger than all other regions combined in the conventional scooters market and it is imperative that companies have a foothold in this crucial region. The highest growth is projected to be in the APEJ region causing its market share to rise from 87% to 89% by the end of the forecast period. All other regions should only grow by a single percentage point or lesser.

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Conventional Motorcycles and Scooters Market Taxonomy

Conventional Motorcycles Market

  • Product Type
    • Standard
    • Cruiser
    • Mopeds
    • Sports
    • Others
  • Engine Capacity Type
    • Up to 150cc
    • 151-300cc
    • 301-500cc
    • Above 500cc

Conventional Scooters Market

  • Product Type
    • Standard
    • Enclosed
    • Maxi
    • Three-Wheeled
  • Engine Capacity Type
    • Up to 150cc
    • 151-300cc
    • 301-500cc
    • Above 500cc

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan ( APEJ)
  • Japan
  • Middle East & Africa

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Conventional Motorcycles and Scooters Market: Competition Dashboard

Future Market Insights has profiled some of the most prominent companies active in the conventional motorcycles and scooters market. These include Yamaha Motors Co., Piaggio, Suzuki Motor Corporation, Honda Motor Co., Hero Motocorp, Eicher Motors, Harley-Davidson, Bajaj Auto, TVS Motor Company, Lifan Industry, Ducati Motor Holding, KTM, Triumph Motorcycles, Kwang Yang Motor Co., Syarikat Motosikal dan Enjin Nasional Sdn. Bhd., Sanyang Motor Co., Walton Group, QianJiang Group Co., Luoyang Northern Ek Chor Motorcycle Co., and Chongqing YinXiang Motorcycle.

Important Insights on the Conventional Motorcycles and Scooters Market

The bulk of the activity is seen in the APEJ region as a massive middle class is gravitating towards conventional motorcycles and conventional scooters because of their convenience and cost-effectiveness over four-wheelers. Large players are entering into tie-ups with local distributors and vendors to cater to the demand from far-flung areas, thereby expanding their potential customer base.

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Therapeutic Drug Monitoring Market to reach a valuation of US$ 2.9 Bn by 2026 | FMI

[250 Pages Report] The therapeutic drug monitoring market is anticipated to witness an opulent growth with a phenomenal CAGR of 9.7% during the forecast period, up from US$ 1.5 Billion in 2020 to reach a valuation of US$ 2.9 Billion by 2026.

Due to a reasonable surge in organ transplant surgeries, the sales of therapeutic drug monitoring are also rapidly increasing. Owing to the rising preference for precision medicine, the demand for therapeutic drug monitoring is accelerating.

Precision medicine picks treatments that are fully suitable to the patient’s ailment and medical history. Oncology has experienced the most development, although this technique extends into all disease areas.

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Key Takeaways

  • Increasing research and development in the industry is projected to have a major contribution to the growth of the therapeutic drug monitoring market share.
  • The major trends promoting the therapeutic drug monitoring market include precision medicine. It is a field of disease treatment that is getting a lot of attention. This type of treatment considers individual differences in surroundings, genes, and lifestyles.
  • Precision medicine treatment is gaining a lot of attention and is now being tried in various situations. It intends to transform pharmacotherapy in oncology and other disease areas. With the potential to make a significant contribution to the advancement of the healthcare industry, precision medicine treatment deploys a unique approach to patient care.
  • Cancer patients are getting the treatment based on a combination of medicines which relies on studies of the patient’s factors such as systems biology, tumor analysis, and gene expression data in the absence and presence of pharmacological disruption.
  • The global therapeutic drug monitoring market showed significant growth over the last few years and is projected to grow at a robust CAGR during the forecast period.
  • The sales of therapeutic drug monitoring are driven by several key factors including an ageing population with better health care services, increasing demand for genetic testing, increased government and private sector participation in therapeutic drug monitoring markets, rise in drug profiling.
  • Therapeutic drug monitoring stems from clinical chemistry and clinical pharmacology. Its primary objective is to maintain the drug concentration levels in the body fluids within the particular therapeutic range. By individually adjusting the drug dosage therapeutic drug monitoring aims to refine patient care for better outcomes.

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Competitive Landscape

Roche Diagnostics, Coulter, BioRad, OraSure Technologies, and BioChem Pharmaceuticals are some of the key companies profiled in the full version of the report.

The report comprises key players contributing to the therapeutic drug monitoring market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyses the competitive landscape and therapeutic drug monitoring market share acquired by players to strengthen their market position.

More Insights into the Therapeutic Drug Monitoring Market

On the basis of regions, the therapeutic drug monitoring market is segmented into seven key regions namely: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

The North American region is anticipated to dominate the therapeutic drug monitoring market by accounting for the maximum sales in the global market.

A reasonable surge can be witnessed in the sales of therapeutic drug monitoring, but a slight decline was seen in the annual growth rate. As per FMI reports, the demand for therapeutic drug monitoring is expected to surge as the market evolves in the future.

The numerous advantages showcased by therapeutic drug monitoring get appreciated in the established markets and as the techniques and products appear in the emerging market. Moreover, the emerging economies have also started showing a positive inclination as the demand for therapeutic drug monitoring increases.

Technological advancements and a significant rise in the disease population, all over the world are rising the demand for therapeutic drug monitoring as it is rapidly being accepted as a method of choice among patients.

In order to improve diagnostic offerings and increase the sales of therapeutic drug monitoring companies are increasing their research and implementing therapeutic drug monitoring strategies.

The sales of therapeutic drug monitoring are expected to touch the skies throughout the forecast period of 2022-2032 by making alterations to new and more stringent regulations and improvements in diagnostic technologies, automation, and system engineering.

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Key Market Segments:

By Product

  • Equipment
  • Consumables

By Technology

  • Immunoassays
  • Radioimmunoassays
  • Colorimetric Immunoassays
  • Other Immunoassays
  • Chromatography-Mass spectrometry

By Drug Class

  • Antiepileptic Drugs
  • Antiarrhythmic Drugs
  • Immunosuppressant Drugs
  • Antibiotic Drugs
  • Bronchodilator Drugs
  • Psychoactive Drugs
  • Other drug classes

By End Users

  • Commercial/Private Labs
  • Hospital Labs
  • Other End Users

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Table of Content
1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

    3.2. Scenario Forecast

    3.3. Opportunity Map Analysis

4. Global Therapeutic Drug Monitoring Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (No. of Tests) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (No. of Tests) Projections, 2022-2032

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Smart Home Solutions Market Predicted to Secure a Rapid-Paced CAGR of 12.3% During the Forecast Period 2022 – 2032

The term “smart home solutions” refers to home automation methods that are triggered by computing and information technology and connect various appliances and instruments in the home to respond to occupant needs.  The market for smart home solutions is predicted to rise at a rapid CAGR of 12.3% during the forecast period, reaching a value of US$ 78,342.6 million in 2022. The market is anticipated to grow and reach US$ 2,50,456.9 million by 2032.

These solutions enhance the lifestyle of people considering various aspects such as comfort, security, entertainment, and convenience. Smart home solutions were initially marketed and adapted primarily for advanced security features. Eventually new areas such as energy management, entertainment, lighting, and appliances control systems evolved in the smart home solutions market.

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Smart home solutions consist of switches & sensors of home appliances, security systems, and entertainment systems connected to a central hub. This central hub acts as a gateway, from which systems are controlled by a user-interface interacted either with a mobile phone app, tablet app, wall mounted terminal, and a web portal.

Once manifested as the domain of luxurious and rich customers, today many people seek smart home solutions due to awareness of energy efficiency, convenience, and security

Smart Home Solutions Market: Drivers and Restraints

The primary driver for smart home solutions market is that it implements advanced safety and security features such as gas leakage detectors and fire detection systems in the house.

Increased awareness of energy efficiency due to rising energy cost and advancements in technology are also some important factors which results in the growth of the smart home solution market.

Nowadays, with the increase in the number of working individuals in a house, a family becomes financially capable of adopting for a smart home solution, which is another driver for this market. However, lack of technical standards is the biggest restraint for smart home solutions market.

Other factors such as high initial investment, and outstretched replacement cycle of devices cause hindrance in the growth of smart home solutions market.

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Key Segments in the Smart Home Solutions Market

By Product:

  • Lighting Control
  • Security and Access Control
  • Access Control
  • HVAC Control
  • Entertainment
  • Smart Speaker
  • Home Healthcare
  • Others

By Software & Services:

  • Behavioral
  • Proactive

By Sales Channel:

  • Direct
  • Indirect

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Electric Bike Market Size, Share, Growth Trends, and Forecast Analysis to 2032

During the projection period, sales of electric bikes are anticipated to grow at a CAGR of 10%. The electric bike market is expected to grow from US$ 52.05 Bn in 2022 to US$ 122.1 Bn in 2032.

The multiple benefits that electric bikes offer are anticipated to be the primary drivers of electric bikes market growth. Electric bikes are a practical, flexible, eco-friendly, and fashionable mode of transportation. Consumers believe that e-bikes are the best alternative to scooters, smart cars, and public transportation. The electric bike market size is expected to increase as a result of a number of factors, including the implementation of government legislation to encourage the adoption of electric bikes and customer preference for utilising e-bikes as an eco-friendly and efficient commute alternative.

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Customers are more likely to use low- or no-carbon-dioxide alternatives to public transit. It is predicted that the growing demand for electric bikes in the transportation sector in both developed and developing countries would present a plethora of potential prospects for the market participants. Furthermore, e-bikes can aid in easing traffic congestion because of their smaller size, increased range on a single charge, and advantageous impacts on health. These factors are expected to cause the sales of electric bikes to increase over the course of the forecast period.

Profitable revenue streams are being generated for key players as the use of lighter, longer-lasting e-bikes increases. To fulfil the different needs of riders on their daily urban commute, electric bike manufacturers are likewise expanding their variety of cars with varying mileage and features. Additionally, a rise in fuel prices and a surge in interest in cycling as a sport and leisure activity are expected to enhance sales of electric bikes.

Key Takeaways from Electric bike Market

  • With a CAGR of 3.2% over the forecast period, pedestals are predicted to be the most popular product category in the electric bike market.
  • The lead-based battery type sector holds a commanding share of more than 85% in the electric bike industry.
  • Battery-powered bikes are anticipated to experience a significant sales surge during the projected period, dominating the demand for electric bikes.
  • Due to the high prevalence of two-wheelers, APEJ is the largest market for electric bikes. During the projected period, the electric bike market is expected to rise at a robust CAGR of 3.2% and create a US$ 6.1 Bn growth opportunity.
  • Electric bike sales in the EU are projected to reach 13.1 million units by 2032, with 60% of those bikes being produced in Europe.
  • The electric bike market in North America is expected to grow rapidly.

“Due to the rising consumer trend toward environmentally friendly modes of transportation, the global e-bike market is extremely opportunistic and competitive. Additionally, e-bikes are seen by manufacturers as an affordable alternative to electric automobiles. E-bike sharing services and government organization support to encourage e-bike application and acceptance will blossom industry expansion in the ensuing years. –  FMI Analyst

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Competition Landscape in the Electric bike Market 

The leading competitors in the global electric bike market strive intensely with one another as a result of significant investments made to enhance the performance of the electric bikes and make them more comfortable to use. Positioning e-bikes as the clientele’s preferred substitute for private cars and other vehicles is the main goal of these expenditures. Some of the players have made considerable investments to enhance the performance of the e-bike drive unit.

Additionally, it is anticipated that the manufacturers in the electric bike market are likely to grow through strategic initiatives like new launches, expansion, partnerships, and acquisitions.

The top competitors in the electric bike market are Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd.

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Key Segments Covered in the Electric Bike Market Report

By Product type:

  • Electric Scooter
  • Electric Motorcycles
  • Pedelec

By Battery type:

  • Li-Ion
  • NiMH
  • Lead-based

By Technology:

  • Plug-In
  • Battery

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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Recent Developments in the Electric bike Market:

  • In October 2021, Pon.Bike made the acquisition of the Dorel Sports division of Dorel Industries as part of a strategy to build a portfolio of high-end e-bikes that would span all e-bike segment categories.
  • In July 2021, Pedego opened a brand-new location in Bethesda, Maryland, offering a wide range of e-bike sales, rentals, services, and accessories.
  • In April 2022, Trek Bicycle Corporation purchased David’s World Cycle. Trek Bicycle Corporation purchased 21 retail chains to assist its expansion strategy and grow its dealer network.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Automotive Door Latch Market Brief Forecast and Analysis by Top Key Players to 2027

Significantly influenced by efforts of OEMs in development of smart latches that are IoT-integrated, the global market for automotive door latch will see a modest yet promising CAGR of 4.8% during 2022 – 2027. A recent study of Future Market Insights (FMI) suggests that the favourable policy framework related to vehicle and drivers’ safety and security will continue to influence the demand for automotive door latches in the near future.

The automotive industry is nearing maturity and expects to witness a remarkable number of collaborative alliances and consolidations among OEMs in the automotive door latch market space. The report opines that mid-sized cars would be the highly profitable sector for investors in the automotive door latch landscape.

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Key Takeaways – Automotive Door Latch Market Study

  • Increasing sales of mid-sized cars, particularly in Asia Pacific, make it a potential segment for manufacturers specializing in compact designs of automotive door latches.
  • Side door latch will continue to command a significant share in global automotive door latch market value through 2027.
  • The mega trend of electrification in cars and the ability to remotely operate vehicles have necessitated door latch manufacturers toward offering and devising compatible products aligned to the aforementioned technological advancements.
  • The market is witnessing a gradual shift from the installation of conventional latches to electronic or mobile app-based systems in premium and luxury cars.
  • The introduction of tracking and alert systems using GPS and IoT-based hardware for the security of vehicles has proliferated new avenues for value chain participants in the global automotive door latch market.
  • Owing to the negligible replacement rate of door latches in the aftermarket, winning OEM supply contracts holds the key for manufacturers to sustain and grow their market share.
  • Adding enhanced security features is the key focal point of automotive door latch manufacturers to meet the unique requirements of autonomous vehicle manufacturers.

With overall safety of passengers being a paramount and drivers relying on secured door locking systems, door latches find a crucial place in automotive manufacturing. The inclusion of mobile connectivity and GPS tracking technologies in existing products is revolutionizing the automotive door latch space.

Know Who is Spearheading Automotive Door Latch Market

The global automotive door latch market is significantly consolidated, with the leading five players accounting for nearly one-half of the overall market size as of 2018. Key players in the market are focusing on developing latching systems based on smart technologies to retain their competitive edge in the landscape. Keikart AG, Aisin Seiki Co. Ltd., and STRATTEC are identified as prominent players in the global automotive door latch market. Market participants are keen on developing door latches with minimal mechanical intervention. Companies are focused on developing door latches that reduce vehicular weight and locking system complexity.

OEMs Engaged in Tough Competition

In the coming years, automotive door latches are expected to witness consistent demand. With the persistent trend of introducing smarter latches in door locking systems, OEMs are focused on keeping their product portfolios strong. East Asia, followed by Europe, remains the most crucial region in the automotive door latch market with a leading market share. With increasing demand from East Asia and South Asia, new entrants in the automotive door latch market are expected to find significant opportunities to invest in such target regions.

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Automotive Door Latch Market Structure Analysis

  • The global automotive door latch market is significantly consolidated where tier-1 players hold significant market shares.
  • Tier-1 companies are focusing on technological advancements to meet future customer requirements and maintain their market position.
  • Aisin Seiki Co, Ltd., Inteva Products LLC, Magna International Inc., Kiekert AG, and STRATTEC are some of the key participants in the global automotive door latch market.

Automotive Door Latch Market: Taxonomy

The global automotive door latch market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle

  • Compact Cars
  • Mid-sized Cars
  • Luxury Cars
  • SUV
  • HCV
  • LCV

Latch

  • Side Door Latch
  • Tailgate Latch
  • Hood Latch

Sales Channel

  • OEM
  • Aftermarket

Function

  • Electronically-operated
  • Mechanically-operated

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Sneak Peek into Report

The research scope of the global automotive door latch market has been primarily bifurcated into three segments: latch type, vehicle type, and function. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for automotive door latches. The report delivers a comprehensive assessment of the important dynamics of the automotive door latch market.

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Silicon Carbide Market Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The silicon carbide market is estimated to expand at a CAGR of 7.5% over the forecasted period. During this projection era, it is expected that the silicon carbide market share would increase from its current valuation of US$ 2.8 billion in 2022 to a net worth of US$ 5.8 billion by 2032.

Carborundum is another term for silicon carbide. It is anticipated that silicon carbide will replace other silicon-based semiconductors and transistors on the market because it helps the system reduce size and power loss by 50%.

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Silicon Carbide Market: Drivers and Limitations

Various factors such as the increase in demand for motor drives, compact system size and the increase in the use of silicon carbide in cellular base station and radio frequency devices are some of the factors driving the growth of the silicon carbide market during the forecast period. .

Silicon carbide reduces power system loss by 50% due to increased adoption of compact size semiconductors in various applications such as Industrial Motor Driver, Power Supply and Inverter, Lighting Control and others.

On the other hand, the price of silicon carbide ranges from about $800 to $2,000 per ton, which is very high compared to other alternatives available in the market.

Therefore, the high cost of silicon carbide is the most important factor hindering the growth of the market. In addition, material defects and packaging related issues are the other challenge faced by vendors associated with the silicon carbide market.

Global Silicon Carbide Market: Regional Trend

Asia Pacific holds the largest market for cellular base station and radio frequency devices, and as such, the Asia Pacific region takes the largest market share in terms of revenue for the silicon carbide market.

It is also expected to maintain its dominance during the forecast period. It also becomes the main attraction for investors to invest in the Asia Pacific region as it supports government FDI for investments in countries like India and China.

In addition to the above, in China, the continued development of electric vehicles and electric vehicle charging is expected to provide new avenues for the opportunistic growth of the silicon carbide market in the coming years.

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Global Silicon Carbide Market: Competitive Environment

Silicon Carbide Market’teki önde gelen oyunculardan baz?lar? aras?nda Pilegrowth Tech SRL, Ascatron AB, United Silicon Carbide, Inc., Basic 3C, Inc., Toshiba Corporation, Bruckewell Technology Corporation, Tankeblue Semiconductor Co. Ltd., Central Semiconductor Corporation, Stmicroelectronics bulunmaktad?r. NV, Cree Inc. (Wolfspeed), DOW Corning Corporation, Sanken Electric Co.,Ltd., Fuji Electric Co., Ltd., Saint-Gobain Silicon Carbide, General Electric, Rohm Semiconductor, Genesic Semiconductor Inc., Global Power Technologies Group , Renesas Electronics Corporation, Graphensic AB, On Semiconductor, Infineon Technologies AG, Norstel AB, Microsemi Corporation ve Monolith Semiconductor Inc.

The regional analysis for the Global Silicon Carbide Market includes:

  • North American Silicon Carbide Market
    • B?Z
    • You have
  • Latin America Silicon Carbide Market
    • Argentina
    • Mexican
    • Brazil
    • rest of Latin America
  • Western European Silicon Carbide Market
    • Germany
    • France
    • United Kingdom
    • Spain
    • Italy
    • Scandinavian
    • Benelux
    • rest of western europe
  • Eastern European Silicon Carbide Market
    • Poland
    • Russia
  • Asia Pacific Silicon Carbide Market
    • Australia and New Zealand (A&NZ)
    • Chinese
    • India
    • Asia
    • rest of Asia Pacific
  • Japan Silicon Carbide Market
  • Middle East and Africa Silicon Carbide Market
    • GCC Countries
    • North Africa
    • South Africa
    • rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, input from industry experts and industry participants in the value chain. The report provides in-depth analysis of key market trends, macroeconomic indicators and management factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Silicon Carbide Market: Market Segmentation

The Global Silicon Carbide Market can be divided into five segments by Product, Wafer size, Application, Vertical application and Region.

Segmentation by Product for the Silicon Carbide Market:

  • Silicon Carbide bare die
  • Silicon Carbide split devices
  • Silicon Carbide module
  • Silicon Carbide Diode
  • Silicon Carbide MOSFET

Segmentation by Wafer size for the Silicon Carbide Market:

  • 2 inches
  • 4 inches
  • 6 inches
  • more than 6 inches

Segmentation on the Basis of Application to the Silicon Carbide Market:

  • Electronic Warfare System
  • RF Device and Cellular Base Station
  • Solar and Wind Energy
  • Power Mains Device
  • flame detector
  • Flexible AC Transmission Systems (FACTS)
  • EV Charge
  • EV Motor Driver
  • High Voltage, Direct Current (HVDC)
  • Industrial Motor Driver
  • Power Supply and Inverter
  • Lighting control
  • Others

Segmentation by Vertical Application for Silicon Carbide Market:

  • power electronics
  • Telecommunication
  • Automotive
  • energy power
  • Defense
  • Renewable Energy Generation
  • Others

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Automotive Airbag Market : Value Chain, Stakeholder Analysis and Trends by 2031

ESOMAR-certified consulting firm Future Market Insights’ report on global automotive airbag market project a steady growth at 3.60% CAGR over the forecast period of 2021 and 2031. Growing usage of curtain airbags is increasing the demand for automotive airbags across the globe.

Demand for automotive airbags is rising extensively in emerging economies as the consumers in these regions are becoming more aware for the vehicle safety. Burgeoning sales of passenger vehicles across the globe have also augmented the demand of automotive airbags.

As per the FMI’s analysis, due to the outbreak of coronavirus, sales of automotive airbags declined by -8% in 2020. However, recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the usage of curtain airbags in all types of vehicles. Stringent regulations for the vehicle safety across the U.S., Germany, India and the U.K. is also expected to improve the adoption of automotive airbags over the coming years.

According to the FMI’s analysis, the global automotive airbags market reached a valuation of US$ 18.5 Bn, registering the sales of 370 Mn automotive airbags units in 2021.

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Key Takeaways from FMI’s Automotive Airbag Market Study

  • By vehicle type, passenger cars will emerge as primary automotive airbag end-users, accounting for 77% market share.
  • In terms of sales channel, original equipment manufacturers segment is likely to emerge as the most lucrative segment
  • In terms of yarn type, Nylon-based airbags are the most preferred choice due to their better physical properties as compared to the polyester based airbags
  • Neoprene coated airbags will account for more than 70% of global market share during the forecast period
  • Japan and South Korea will collectively account for over 16% of global market share over the forecast period
  • Germany and the U.K. are anticipated to lead the Europe’s automotive airbag market, exhibiting the growth at 3.50% CAGR

“Increasing adoption of passenger cars and inclusion customized curtain airbags in vehicles are broadening expansion prospects for the market players. Technological advancement and high investment in research & development activity for the development of advanced airbags safety systems will create lucrative opportunity for the growth of the market,” says the FMI analyst. 

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Competitive Landscape

Autoliv Inc., Toyobo Co. Ltd., Takata Corp., Hyosung Co., Daicel Corp., Wacker Chemie AG, Denso Corp., Delphi, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., and Toyoda Gosei Co. Ltd are some prominent players operating in the automotive airbag market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive airbag market, accounting for over 70% of market share. Top 5 players include, Autoliv, ZF, Toyoda Gosei, Joyson Safety Systems, and Nihon Plast.

Automotive airbag Market by Category

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Driver Airbag
  • Passenger Airbag
  • Side Airbag
  • Curtain Airbag
  • Knee Airbag
  • Other Airbags

By Coating Type:

  • Neoprene
  • Silicone
  • Non-Coated

By Yarn Type:

  • Nylon
  • Polyester

By Sales Channel:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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Key Points Covered in Automotive Airbag Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Airbag Market and How to Navigate
  • Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Schizophrenia Treatment Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

Schizophrenia is a chronic mental disorder, characterized by poor emotional responses, breakdown of thinking and lack of social and physical motivation. The prominent causes of the disease include genetic malignancies, neuro-trauma, shocking incidence in life, drug and alcohol abuse and many others. Schizophrenia is a serious disorder which affects how a person thinks, feels and acts.

Successful treatment for schizophrenia aims to relieve current symptoms, prevent future psychotic episodes and restore one’s ability to function and enjoy a meaningful life. The signs of schizophrenia are different for everyone. Symptoms may develop slowly over months or years, or may appear very abruptly. The disease may come and go in relapse and remission. Hence, recovery from schizophrenia is a lifelong process.

Schizophrenia Treatment Market: Drivers and Restraints

The schizophrenia treatment market is primarily driven by increased prevalence of schizophrenic disorders due to change in lifestyle, extensive R&D, increase in incidence of various addictions such as alcohol, narcotics and others. Demand of sophisticated therapy by physicians and patients is also driving the schizophrenic treatment market to a great extent.

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On the contrary, huge cost of R&D and therapy, lack of medical infrastructure, and lack of awareness in certain regions of the world are some of the hurdles that are expected to restrict the growth of this market.

Schizophrenia Treatment Market : Overview

According to WHO, there are around 24 million people suffering from either schizophrenia or similar symptoms. Moreover, due to strong R&D activities, newer drugs and treatments are being introduced in the market, such as ziprasidone hydrochloride. Medications are the cornerstone for the treatment of schizophrenia. However, medications may lead to side effects.

Hence, medication with supportive services and therapies is a perfect combination to treat schizophrenia. Relationship problems, risk of attempting suicide, alcohol and drug abuse and consequently, disruption to normal daily activities has led to the growth of schizophrenia treatment market.

Schizophrenia Treatment Market : Region-wise Outlook

The schizophrenia treatment market is also segmented on the basis of geography, such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The North American region is considered as the largest market, followed by Europe. However, Asia-Pacific region is considered as the most promising market in the upcoming future.

Schizophrenia Treatment Market: Key Players

Some of the top key players in schizophrenia treatment market include Novartis AG, AbbVie, Inc., PsychoGenics, Inc., Pfizer, Inc., Eli-Lilly and Company, Bristol-Myers Squibb Company, AstraZeneca Plc., Avineuro Pharmaceuticals, Inc. and Merz Pharmaceuticals GmbH.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Schizophrenia Treatment Market: Segmentation

Schizophrenia treatment market is segmented on the basis of product type, distribution channel and geography.

Based on product type, schizophrenia treatment market is segmented as follows:

  • Medications
  • Conventional or typical antipsychotic drugs
  • Atypical antipsychotic drugs
  • Therapies

Based on distribution channel, schizophrenia treatment market is segmented as follows:

  • Hospitals including hospital pharmacies
  • Clinics
  • Retail pharmacies
  • Rehabilitation Centers

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Automotive Window Regulator Market Expectations and Growth Trends Highlighted Until 2031

As per Future Market Insights (FMI) analysis, the automotive window regulator market is projected to be valued at ~US$ 13.7 Bn in 2021, expanding at a CAGR of ~4.5% over the forecast period of 2021-2031.

Windows are a safety feature in vehicles and the rising demand for advanced automotive electronic components to ascertain enhanced safety of passengers is expected to be the key factor driving the automotive window regulator market throughout the forecast period.

The ongoing crisis caused by COVID-19 pandemic had a severe impact on the global economy. It resulted in complete shutdown of supply chain networks and manufacturing facilities around the world.

Subsequently lockdown restrictions imposed during the pandemic affected the automotive window regulator market, causing a significant slump in the growth. However, automotive window regulator market is expected to recover as economic activities resume post the containment of pandemic.

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Key Takeaways of Automotive Window Regulator Market Study

  1. Passenger cars are expected to account for nearly 80% sales in automotive window regulator market.
  2. On the basis of product type, demand in the automated segment is estimated pick up pace and account for 87% of sales in 2021.
  3. East Asia will emerge as a highly lucrative market. China is expected to be at the forefront, driving sales of automotive window regulators in East Asia.
  4. The presence of some of the leading automakers positions Germany as a highly attractive market within Europe.
  5. Consistently surging passenger vehicle production will enable growth in the U.S.

 “Due to frequent use of window regulators in cars, trucks, and industrial vehicles, it has become very important for manufacturers to make high quality window regulators that offer both longevity and reliability. Geographical expansion, partnerships & collaborations and development of innovative technologies are some of the popular growth strategies adopted by market players,” says a Future Market Insights analyst.

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Automotive Window Regulator Market by Category

Product Type:

  • Manual
  • Automated

Construction Type:

  • Cable Type
    • Single Rail
    • Double Rail
  • Arm Type
    • Single Arm
    • X Arm

Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • OEM
  • Aftermarket

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Competitive Landscape

The automotive window regulator market is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of smaller regional players makes this market more competitive.

Some of the key players in the market are Brose Fahrzeugteile GmbH & CO. Kg, Group Antolin- Irausa SA, Hi- Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International, Shiroki Corporation, Robert Bosch GmbH, Continental AG, Kongsberg Automotive, Castellon Automotive, Inteva Products, Johnan Manufacturing, IFB Automotive Pvt Ltd., Tokai Rika and others.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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