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Acetaminophen API Market End-User Demand by Types, Regions, Service Provides, Regional Outlook and Forecast to 2030

Acetaminophen API Market: Overview

The usage of acetaminophen grade is higher due to its wide utilisation in the drug development process. While it is widely used in the pharmaceutical industry as a pain killer which offers a lucrative opportunity for the growth of the Acetaminophen API market in the forecasted period. Aside from this, the acetaminophen drug is combined with various drug and available in various forms, but it is mostly available in the form of extended-release tablets for showing analgesics effects. But heavy usage of this drug can cause serious adverse effects & can build toxicity which leads to other diseases.

Acetaminophen API (paracetamol), or Tylenol, is used as in the first-line drug therapy in pain conditions. The API when combined with drug shows antipyretic & analgesics effect. Acetaminophen is found in over the counter (OTC) sensitivity drugs, cold meds, sleep medication, pain relievers and so on.

The medication can be administered in patients who are bigoted to salicylates and those with hypersensitive propensities, including bronchial asthmatics. It comes under the NSAIDs (nonsteroidal anti-inflammatory drugs) category because of its capacity to repress the cyclooxygenase (COX) pathways.

The Indian government has confined the export of 27 active pharmaceutical ingredients (APIs) and completed portion drugs made with those APIs because of Covid-19. Johnson and Johnson’s (New Brunswick, NJ, US) Tylenol (acetaminophen/paracetamol) is among the medications whose supply chain will be influenced.

The request will influence worldwide pharmaceutical supply chains. India is a crucial area of pharmaceutical manufacturing for the drugs market in different countries. The nation houses drug manufacturing units possessed by contract fabricating associations (CMOs) and others claimed by local and global biopharma organizations for in-house manufacturing

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Acetaminophen API Market: Drivers and Restraints:

The easy availability of this drug is boosting the growth of the Acetaminophen API market. Meanwhile increasing usage of drugs for pain-relieving effects is propelling the growth of the Acetaminophen API market. Moreover, rising incidences of accidents, surgeries are further boosting the Acetaminophen API market.

Moreover, people addiction to using these drugs for rapid pain relief also fuelling the growth of the Acetaminophen API market. Additionally, environmental conditions, lifestyle changes & dietary habits modifications are responsible for a variety of disorders which increases the consumption of these drugs.

However, the excessive dosage can cause toxicity which can lead to serious complications such as liver diseases, fertility issues, carcinogenesis & mutagenesis which can hamper the growth of the Acetaminophen API market.

Acetaminophen API Market: Regional Wise Outlook

Geographically, the Acetaminophen API market is divided into seven regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan & the Middle East and Africa. Asia-Pacific is expected to dominate the global acetaminophen API market followed by North- America & Europe.

Asia-Pacific is dominating the global acetaminophen API market due to higher population rate which led to increased accidental cases, surgeries & various disorders, thus the demand for the drugs is increasing in this region which is boosting the Acetaminophen API regional market. While the increasing healthcare conditions & awareness amongst the people is further fuelling the Acetaminophen API market.

Rapid development & Advancements along with the changing environmental conditions is going to offer a lucrative opportunity for the growth of acetaminophen API market in North America during the forecasted period.

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Acetaminophen API Market: Key Market Participants

The key participants operating in the global acetaminophen API market identified across the value chain are

BOC Sciences
Tianjin Bofa Acetaminophen
Mallinckrodt plc
Kemcolour International
Changshu Huagang Acetaminophen
Haohua Industry
Kangle Acetaminophen
Angene International Limited
Anhui BBCA Acetaminophen
Granules India
Hebei Jiheng Acetaminophen
Glosel India Impex Pvt Ltd. from India
Flare S.A. from Switzerland
Silverline chemicals ltd from India
Emkay Pharma Pvt Ltd from India
Atabay K.S.V.T. from Turkey
Anqiu Lu’An from China
United Pharma Industries Co Ltd from China
Farmson from India
Liaoyuan City Baikang from China

The players working in the worldwide acetaminophen API market are concentrating on the drug discovery i.e. by combining the API with various other extracts for the development of new therapeutic medication which would be helpful in prevention & cure of various disorders. Currently, the company are focusing at the collaborations, mergers & acquisitions with other companies.

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Report Highlights:

Detailed overview of the Healthcare market
Changing Acetaminophen API Market dynamics in the industry
Below the Acetaminophen API Market -depth market segmentation
Historical, current, and projected market size in terms of volume and value
Below the Acetaminophen API Market recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Acetaminophen API Market Segmentation:

The global Acetaminophen API market has been segmented based on product form, type, application, end-user and geography.

type

Veterinary Drug Grade
Acetaminophen Grade

end-user

Pharmaceuticals Industry
Research labs
Educational institutes
Others

product form

Tablets (film-coated, extended-release)
Oral Solution
Suppository
Injection
Others

indications

Antipyretic
Analgesics
Others

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Angiography Devices Market is projected to reach a valuation of US$ 12,116.7 Million in 2022

[297 Pages Report] In 2022, the global angiography devices market is expected to be worth $12,116.7 million. The expanding scope of application and technological innovation are expected to be the primary growth drivers in the market. Overall angiography device sales are expected to grow at a 6.2% CAGR between 2022 and 2032, totaling around US$ 22,112 million by the end of 2032.

Angiography is an imaging procedure which provides visualization of blood vessel to detect narrow, blocked, enlarged arteries or veins in the body. Local or general anesthesia has been given to the patient during angiography procedure. This procedure uses various imaging technologies such as, Magnetic Resonance Imaging, Computed Tomography, X-ray and others. The superior quality of angiography imaging over conventional techniques is increasing the adoption of angiography devices especially for heart related disorders.

The MRI and CT angiography devices would be the most prominent products in this market owing to its efficacy, minimal side effects and short duration in terms of outcome. Commercialization of high end imaging technologies and increasing affordability of patients has increases the scope of hybrid angiography devices, in developed region. The demand for angiography devices in developing region would get reduced owing to its relatively saturated market situation. This market would be further driven by replacement of old devices.

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Angiography Devices Market: Overview

By device, the angiography device market was dominated by more advanced technologies such as MRI and CT, owing to their high efficiency over conventional technologies. Recently launched, Real-time 3D echocardiography by Siemens Healthcare is one of the key development in angiography devices market, which is used to diagnose various heart and coronary conditions. By procedure, coronary angiography and pulmonary angiography are the dominating procedure, owing to its high prevalence. By end-users, hospitals and surgical centers hold promising share, followed by diagnostic centers. This is due to premium pricing of angiography devices, which is unaffordable for the medium scale diagnostic centers. By disease indication, Coronary Artery Disease (CAD) is the leading segment due to its high incidence and absence of alternative diagnostic technique.

Angiography Devices Market: Drivers and Restraints

Increasing CVD incidences, growing number of geriatric population, dysfunctional lifestyle, growing demand for sophistication diagnostic procedures are driving the growth of angiography devices market, globally. Also, the rising awareness for cardiovascular disease diagnosis and treatment, favorable government regulation to commercialize angiography devices are the additional factors fueling the growth of angiography devices market. However, the high cost angiography devices, lack of reimbursement, and unaffordability across emerging economies are some of the factors impeding the market growth. However, the companies operating in this market are actively focusing on the commercialization of low cost system to grab the highest market share in emerging economies.

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Angiography Devices Market: Segmentation

The global angiography devices market is segmented based on, device, product type, application, procedures, end use and indication.

Based on devices, the global angiography devices market is segmented into the following:

Magnetic Resonance Angiography (MRA)

Computed Tomography Angiography (CTA)

Conventional Angiography

Digital Subtraction Angiography (DSA)

Catheter angiography

Coronary angiography

Others

Based on procedure, the global angiography devices market is segmented into the following:

Coronary Angiography

Pulmonary Angiography

Cerebral Angiography

Extremity Angiography

Renal Angiography

Based on end users, the global angiography devices market is segmented into the following:

Hospitals and Surgical Centers

Diagnostics Centers

Academic and Research Institutes

Based on indication, the global angiography devices market is segmented into the following:

Coronary Artery Disease (CAD)

Congenital Heart Disease

Congestive Heart Failure

Kidney Disorders

Others

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Angiography Devices Market: Region-wise Outlook

North America was the lading region for angiography devices in terms of revenue in 2015, followed by Europe. Increasing incidence of coronary disorder owing to dysfunction lifestyle is the prime factor driving the growth of angiography device market in these region. However, the similar kind of trend is now shifting towards emerging economies which is expected to create notable growth opportunity for the angiography device during the forecast period.

Angiography Devices Market: Key Players

Leading players operating in angiography devices includes, Shimadzu Corporation, Royal Philips Electronics, Siemens Healthcare, GE Healthcare, Toshiba Medical System Corporation, Shimadzu Corporation, St. Jude Medical, Inc., Toshiba Medical Systems Corporation, Cordis Corporation, Medtronic, Inc., and Abbott Vascular (Abbott Laboratories). Companies operating in this market are seeking for novel product to gain core competencies in the market. These companies are also conducting collaborative studies with the clinical research institutes to sustain their market position.

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Quality and Compliance Management Solution Market are Slated to Rise at a High CAGR of 9.4% by 2030 – Exclusive Report by Future Market Insights, Inc.

Quality and compliance management solution market arrived at a valuation of around US$ 23.5 Bn in 2021, to ascend at a high CAGR of 9.4% to surround US$ 44 Bn by 2030. Merchants working in the worldwide quality and compliance management solutions market are completely utilizing mechanical advances in versatile applications and data innovation frameworks by consolidating portability in their solutions.

One of the essential targets of adding versatile capacities to quality and compliance management solutions is to increase the end client experience and functional productivity of the business.

One more pattern getting some decent momentum in the quality and compliance management frameworks market is information examination, with market members involving the compliance advantages of information perceivability in big business risk management.

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In the overall market for quality and compliance management frameworks, key organizations are zeroing in on conveying overhauled solutions. As a result, Future Market Insights expects the overall quality and compliance management frameworks market to increment fundamentally in income.

The worldwide market for quality and compliance management solutions is projected to arrive at a valuation in overabundance of US$ 38 Bn toward the finish of 2028, up from an expected US$ 14 Bn by the end of 2022. A development pace of 8.6% during the period 2022 – 2028 is the consequence of developing reception of cloud-based quality management solutions.

The market is likewise seeing expanding demand inferable from cutting edge elements, for example, a solid framework structure and constant information following.

Opportunity Analysis of the Global Quality and Compliance Management Solutions Market Reveals a Strategic Shift from Manual Systems to Integrated Solutions

Global enterprises are fast moving from manual systems towards integrated solutions that come with the capability to comprehensively manage all data and quality-related processes. Fully configurable quality management solutions are securely integrated with enterprise legacy systems and facilitate product quality enhancement right from concept through obsolescence within a closed loop corrective action environment.

These solutions provide increased visibility into quality and compliance activities with enhanced connectivity to build collaboration between multiple functions. This is creating lucrative growth opportunities for providers in the global quality and compliance management solutions market.

COVID-19 Impact on Quality and Compliance Management Solution Market

The COVID-19 pandemic has had an impact on businesses across the globe.

COVID-19 had a considerable impact on the technology sector since its beginning. The technology industry was harmed by disruptions in the electronic supply-value chain and raw material supply.

Cloud computing platforms and build-your-own-devices are becoming increasingly popular as ways to support remote working. The acceptance of remote working, on the other hand, has had a favorable impact on the sector.

A good outlook is projected as a result of the rapid focus on integrating digital techniques and big data analytics in the IT services and technology industries. Market participants are employing innovative methods to address the problems that quality and compliance management solutions are anticipated to face.

Quality and Compliance Management Solution Market Competitive Landscape

Key quality and compliance management solution providers are focused on providing enhanced solutions in the global market.

By eliminating the need to track business critical processes from a host of different systems, the latest quality and compliance management solutions enable businesses to increase operational efficiency and reduce compliance costs. This has led to a surge in demand for quality and compliance management solutions across multiple industries.

For instance,

In December 2019, NTT Group launched a compliance management system based on robotic process automation (RPA). Internal-HR data analysis and compliance on-premise and cloud-based solutions are available with this solution.

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Table of Content

Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.5. Opportunity Analysis

Market Forecast

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

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Key Segments Covered in QMS Industry Research

QMS Market by Module:

Document and Product Management
Quality Management
Change Management
Audit Management
Governance and Compliance Management
Supplier Management

QMS Market by Component:

QMS Software
QMS Services
- Consulting Services
- Managed Services

QMS Market by Company Size:

Large Enterprises
Small and Medium Enterprises

QMS Market by Implementation Model:

On-premise QMS
Cloud QMS

QMS Market by Industry:

QMS for Aerospace & Defense
QMS for Automotive
QMS for Consumer Goods and Retail
QMS for Healthcare
- Pharmaceuticals
- Biopharmaceuticals
- Diagnostic Lab
- Blood & Tissue Banks
- Clinical Research Organizations
- Hospitals & Clinics
QMS for ITES & Telecom
Others

QMS Market by Region:

North America Quality and Compliance Management Solution Market
Latin America Quality and Compliance Management Solution Market
Europe Quality and Compliance Management Solution Market
East Asia Quality and Compliance Management Solution Market
South Asia & Pacific Quality and Compliance Management Solution Market
Middle East & Africa (MEA) Quality and Compliance Management Solution Market

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High Voltage Direct Current (HVDC) Transmission System Market is Estimated to Register a Strong 8.8% CAGR by 2026 | Report by FMI

A fresh business and commerce study by Future Market Insights (FMI) has detected that the global market for high voltage direct current (HVDC) transmission system market is strikingly fragmented, owing to the presence of a large pool of players, big and small. A wide variety of products are offered by these vendors, ranging from cables to capacitors to transformers.

Often, the vendors offer customized solutions in order to gain new demands. The report identifies Siemens AG, ABB Ltd., Hitachi Ltd., General Electric Co., Toshiba Corporation, Prysmian SpA, TransGrid Solutions Inc., ATCO Electric Ltd., and Abengoa S.A. as some of the most prominent companies currently operating in the global HVDC transmission system market.

As per the evaluations of the FMI report, a revenue of US$6,000 mn was generated by the market for high voltage direct current transmission system in 2016, which was in itself an increase of 7.7% in comparison to 2015. The report has estimated that over the forecast period of 2016 to 2026,

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the demand for HDVC transmission system will increment at a CAGR of 8.8% and the final valuation by 2026 would be US$14,400 mn. Mitsubishi Electric Corporation, Nexans, NR Electric, American Semiconductor, HVDC Technologies, and LSIS are some of the other notable players identified by the report.

Some of the key factors augmenting the demand in the global HDVC transmission system market are: increasing demand for cost-effective solutions for long distance power transmission, decommissioning of nuclear and coal power plants, liberalization in the energy policies in Europe, and integration of VSC technology across grids enable system security.

On the other hand, rise in the cost of components that affects the number of grid installations, requirement of high initial investment in grid infrastructure, need of uniformity in the standards of HDVC transmission equipment and systems, and controlling congestion and instability in HVDC systems are a few obstructions holding the prosperity of the global high voltage direct current transmission system market.

Based on system component, the FMI report segments the global HVDC transmission system market into solutions and services. The solutions segment is further sub-segmented into AC and DC harmonic filters, converters, DC lines, circuit breakers, and others.

Technology-wise, the market has been bifurcated into LCC, VSC, and others. On the basis of deployment, the market for HVDC transmission system has been classified into overhead, underground, subsea, and combination. Based on power rating, the market has been segmented into below 1,000 MWs, 1001 to 2000 MWs, and 2,001 MWs and above.

Geographically, the report takes stock of the potential of high voltage direct current transmission system market in the regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA) and in the country of Japan.

While North America is highly lucrative region and Europe will continue to pose widespread opportunities owing to increasing number of grid connections, the APEJ region is expected to turn highly lucrative on the back of the emerging economies of India and China.

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Key Segments Covered

By System Component

Solutions
- AC and DC harmonic filters
- Converters
- DC lines
- Circuit breakers
- Others
Services

By Technology

LCC
VSC
Others

By Deployment

Overhead
Underground
Subsea
Combination

By Power Rating

Below 1000 MWs
1001 to 2000 MWs
2001 MWs and above

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Electronic Lab Notebook (ELN) Market is Projected to Reach ~US$ 1,180.3 Mn, Growing at a CAGR of 13.9% from 2022 to 2029

The electronic lab notebook (ELN) market income added up to ~US$ 421.0 Mn in 2021. The electronic lab notebook (ELN) market is projected to arrive at ~US$ 1,180.3 Mn by 2029, developing at a CAGR of 13.9% for 2022 – 2029.

A new Future Market Insights (FMI) concentrate on tracks how the reception of electronic lab notebook (ELN) programming is getting down to business in the worldwide market. Set to observe a twofold digit CAGR throughout the following ten years, the worldwide ELN programming market will outperform a billion-dollar incomes by 2029 end.

Expanding interest for laboratory data the board frameworks (LIMS), chromatography information frameworks (CDS), logical instrumentation, and logical information the executives frameworks (SDMS) will set out potential development open doors for the electronic lab notebook (ELN) programming suppliers.

Other key development powerhouses related with market incorporate basic requirement for decreasing information audit and process durations, data catching and reuse, staying away from rehashes, and reexamination in the existence sciences industry application.

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Key Takeaways – Electronic Lab Notebook (ELN) Software Market Study

Increasing outsourcing of manufacturing and R&D activities by pharmaceutical companies from other regions such as North America and Europe are resulting in high demand for ELN for efficient laboratory data management and regulatory compliance.
Emerging cloud-based technology provides web and cloud-based solutions for various factors such as cost-effectiveness, real-time analytics, easy access to data, integration with other systems & software, sharing of data internally and externally, scalability and flexibility.
Software solution based segment electronic lab notebook (ELN) software market is expected to generate an incremental opportunity of ~US$ 611 Mn during the forecast period.

Product Innovation Key to Enhance Remote Sensing Technology

Key vendors are focusing on adoption of electronic lab notebook (ELN) software for conducting research in the life sciences industry under various domains such as pharmaceuticals, chemicals and others and follow a practice of recording daily activities.

For instance, Scilligence Corporation offers electronic lab notebook (ELN) software for training graduate and undergraduate students in industrial standards and processes. It also allows students to run ELN in their own devices (computers, iPad, Android tablet, etc.), without any software installation.
For instance, Arxspan LLC. offers ArxLab electronic lab notebook (ELN) software preconfigured for biology application. It consists of a cloud-based architecture and helps to streamline workflows, protect sensitive IP (Intellectual Property), increase productivity and is compliant to standard regulations.

Rapid infrastructure development and growing awareness regarding various technological advancements are major factors contributing to the growth of the MEA electronic lab notebook (ELN) software market. Infrastructure for the life sciences industry has been witnessing significant growth in the recent past, owing to changing government policies, development of health care systems, and increasing population in countries of the region.

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Competitive Landscape

Many key players are inclined at investing heavily in lab automation technology research and development practices to uncover increased applications of electronic lab notebooks. With the use of technology, vendors are also focusing on lowering the cost of electronic lab notebook, and customer satisfaction for captivating an increased customer base.

For instance, in November 2019, Thermo Fisher Scientific introduced latest forensic laboratory qualified capillary electrophoresis platform. The platform is designed for both new and experienced users who need a simple instrumentation experience for forensic analysis.

Learn More About Report Inclusions

In this report, the global electronic lab notebook (ELN) software market is tracked in terms of value, and is calibrated to obtain the market revenue estimates. The report is categorically split into six major sections, namely market analysis by solution such as software (laboratory information management system (LIMS) platform and electronic lab notebook (ELN) software) and services (Validation services, consulting services, implementation and integration services, support and maintenance, training)

by license (proprietary ELN, open source ELN), by deployment (cloud and on-premises), by enterprise size (small & medium and large), by pricing model such as subscription model (monthly subscription & annual subscription) and one time license, and industry (healthcare and life sciences, energy, food & beverages, academic & scientific research, petrochemicals, mining and metals, others), across seven major regions.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Solution Innovation / Development Trends

Key Success Factors

4.1. Solution Adoption / Usage Analysis

4.2. Solution USPs / Features

4.3. Strategic Promotional Strategies

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Electronic Lab Notebook (ELN) Market Outlook by Category

By Solution:

Electronic Lab Notebook (ELN) Software
Electronic Lab Notebook (ELN) Services

By Deployment :

Cloud
On-Premises

By Enterprise Size:

Small & Medium Enterprises
Large Enterprises

By Industry :

Healthcare & Life Sciences
Energy
Food & Beverages
Academic & Scientific Research
Petrochemicals
Mining & Metals
Others

By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa
GCC Countries
Emerging Countries

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Distributed Fibre Optic Sensor Market is Expected to Reach US$ 2,869.5 Mn, Exhibiting a Growth at 8.3% CAGR from 2022 to 2032

According to Future Market Insights (FMI), the global distributed fiber optic sensor market is anticipated to grow at a CAGR of 8.3% during the forecast period from 2022 to 2032. The report states that the distributed fiber optic sensor market is set to reach a valuation of ~US$ 1,291.9 Mn by the end of 2022. Benefits of multimode fiber systems include their affordability when operating with high optical power over short distances and their ability to use a wide variety of fiber propagation modes for sensing.

The infrastructure sector has steadily increased its usage of distributed fiber optic sensors in structural health monitoring. Gaining a better understanding of the structural state and managing the infrastructure in an economically efficient manner is the main goal driving the demand for distributed sensors in the civil sector. Some of the key areas where structural health monitoring is becoming more prevalent in the civil engineering sector are pipelines, bridges, geotechnical structures, and dams.

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The main benefit of next-generation sensors is their capacity to simultaneously monitor strain, temperature, or pressure at various sites. The deployment capacity of distributed fiber optic sensors in any demanding environment and their ability to track structural failures in real-time are some of the important factors contributing to the rising utilization of distributed sensing across the globe.

Key Takeaways: Distributed Fiber Optic Sensor Market

By sensor type, the distributed temperature sensors segment is set to account for 1% of share in the global distributed fiber optic sensor market during the forecast period.
By application, the power monitoring segment accounted for 4% of share in the distributed fiber optic sensor market.
By industry, the adoption of distributed fiber optic sensors in civil infrastructures is set to account for about 2% of share in 2022.
In the Europe distributed fiber optic sensor market, Germany accounted for 7% of share in 2021.
The U.S. distributed fiber optic sensor market held about 7% of the North America market share in 2021.

“Emergence of Rayleigh’s effect-based sensing and Raman effect-based sensing that have unique operational properties is anticipated to create new growth opportunities for distributed fiber optic sensor manufacturers. Besides, increasing use of distributed sensors in applications such as pipeline monitoring, structural health monitoring, border monitoring, and control is likely to aid growth,” says a FMI analyst.

Increasing Demand for Data-driven Decision-making across the Globe

Data is gathered through distributed fiber optic sensors along the optical fiber’s length. Due to the enormous volume of data it generates, numerous analytical methods are utilized to assess the data that has been gathered. Data-driven decision-making and strategies are becoming more and more popular on a global scale.

These are accomplished by extracting a pattern from the data that the managers can measure, deciphering the insights, and using that information to improve the overall performance and decision-making. Distributed fiber optic sensors use light scattering to gather information on changes in temperature, strain, vibration, or pressure at any location along the fiber’s length.

More Valuable Insights on Distributed Fiber Optic Sensor Market

FMI’s report on the distributed fiber optic sensor industry research is segmented into four major sections – by sensor type (distributed temperature sensors, distributed acoustic sensors, distributed pressure sensors, distributed strain sensors, and others), application (condition monitoring, intrusion detection, power monitoring, leak detection, and others), industry (oil & gas, civil infrastructures, industrial, power & utilities, military & border security, transportation, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the distributed fiber optic sensor demand outlook.

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Distributed Fiber Optic Sensor Outlook By Category

By Sensor Type:

Distributed Temperature Sensors
Distributed Acoustic Sensors
Distributed Pressure Sensors
Distributed Strain Sensors
Others

By Application:

Condition Monitoring
Intrusion Detection
Power Monitoring
Leak Detection
Others

By Industry:

Oil & Gas
Civil Infrastructures
Industrial
Power & Utilities
Military & Border Security
Transportation
Others

By Region:

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

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Service Lifecycle Management Application Market is Anticipated to Surge at a CAGR of 7.9% by 2030 | Report by FMI

Service lifecycle management application market is creating value by using third platform technologies, driving innovation and real-time connectivity between different solutions of service lifecycle management applications. Introduction of cloud technology has enabled greater access to service parts visibility. Furthermore, mobile technology has enabled communication of information at the right time to technicians on the field that is derived through Big Data analytics for accurate problem solving.

All of these factors have brought in a precision-driven aspect to services, increasing the value proposition and raising overall profit margins.

Future Market Insights states that the global service lifecycle management application market is expected to rise at a CAGR of 6.9% during the forecast period of 2020 to 2030.

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Key Takeaways of Service Lifecycle Management Application Market Study

The use of service lifecycle management applications is growing, especially in sectors that manufacture with metal, such as aerospace and defence and automotive and transportation.
The use of service lifecycle management applications will increase by 1.7x of current market value by the end of 2030 in the medical equipment sector as COVID-19 leads to a significant volume of new n
The Asia Pacific service lifecycle management application market is anticipated to grow at a CAGR of around 8% from 2020 to 2030.

Big Data Analytics Driving Real Time Communication and Analysis in SLM Applications

Because it collects asset information and enables better service quality, data analytics transforms service management operations and increases the percentage of first-time repairs (FTF rate). Apps for SLM let businesses assess how well their services are doing in relation to their plans. As a result, the SLM programme aids businesses in finding and resolving service problems more quickly.

Through connected devices, descriptive and predictive analytics will enable real-time communication between dealerships, manufacturers, and customers. This will enable manufacturers to receive notifications about the status of their products and early warnings to make more proactive decisions that will improve service and customer retention. Analytics will also focus on fusing service lifecycle management software with data on customer satisfaction.

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Key Segment

By Service Based Model

Field Based Model
Depot Based Model
Dealer Based Model
Performance Based Model

By Region

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

By Solutions

Field Based Model
Depot Based Model
Dealer Based Model
Performance Based Model

By End-use Industry

Automotive & Transportation
Aerospace & Defense
Medical Equipment
High Technology
Telecommunications
Industrial Machinery & Equipment

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Structural Health Monitoring Market Value to Grow by Almost US$ 13,155.4 Mn During Forecast 2022 to 2032

According to Future Market Insights (FMI), the global structural health monitoring market is expected to grow from US$ 3409.4 Mn in 2022 to US$ 13,155.4 Mn by 2032, with overall demand rising at 14.5% CAGR throughout the forecast period.

Rapid expansion of building and construction industry across the world along with increasing application of structural health monitoring for checking and monitoring the structural integrity of buildings and infrastructure is driving the growth in the global market.

Structural health monitoring is a procedure of utilizing damage diagnosis and characterization techniques for essential structures like wind turbines, tunnels, and bridges. It is a non-destructive in-place structural assessment process that makes use of numerous sensor types fixed or embedded in the structure. The benefits that the structural health monitoring system provides are the major factor driving the market growth.

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Structural health monitoring offers a useful tool for making sure safety and integrity and detecting the evolution of damage. It has advantages such as improving the performance, functionality, and safety of current structures and determining a structure’s ability to withstand earthquakes.

Monitoring and evaluating structural conditions is useful for timely and affordable maintenance. It reduces building work as a result and increases maintenance activity. Data on the realistic performance of structures is collected through the structural health monitoring technique. In the near future, this data may be used to create better structures. Thus, the market expansion will primarily be fueled by all of the advantages provided by the structural health monitoring technique.

Key Takeaways: Structural Health Monitoring Market

By component, the software segment is anticipated to account for the leading share of around 40% in 2022 while the hardware segment is estimated to grow at the highest CAGR of 6% through 2032.
By type, the wireless SHM system segment is expected to grow at a highest CAGR of 8% between 2022 & 2032
By application, the vessels and platforms segment is anticipated to grow at a CAGR of 0% during the forecast period.
South Asia and Pacific structural health monitoring market is expected to progress at the highest CAGR of around 8% through 2032.
The structural health monitoring market in Japan is expected to grow at a CAGR of around 6% through 2032.
In India, sales of structural health monitoring systems are expected to grow at a CAGR of close to 9% over the next ten years.

“Demand for structural health monitoring is increasing in monitoring of bridges and dams because dam monitoring instrumentation plays an important role in security monitoring for people and dams, offering important details on the performance of the dam and detecting issues at an early and preventable step. says FMI analyst.

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Growing Infrastructural Development and Increasing Concerns Associated with Natural Calamities are the Major Factors Driving the Market Growth

Growing infrastructural development and increasing concerns related with natural calamities are the important factors increasing the growth of the structural health monitoring market. The industry is expected to develop because of the increasing demand for cost effective maintenance and construction.

Large constructions, like bridges, dams, buildings, and other structures, must be restored and monitored throughout their lives. For monitoring the structural integrity of these structures, people use solutions like stricture health monitoring.

Adoption of structural health monitoring can lower the price of maintenance and repairs and help in reducing fatalities especially during earthquakes, cyclones, and strong winds..

More Valuable Insights on Structural Health Monitoring Market

Future Market Insight’s report on the structural health monitoring research is segmented into four major sections – component (hardware (sensors, data acquisition system, and others)), (software (design and analysis, parameter identification and tracking, and others)), (service (installation service, design and consulting service, and operation and maintenance service)), type (wired SHM system, and wireless SHM system), application (bridges and dams, buildings and stadiums, vessels and platforms, airframes and wind turbines and large machines and equipments), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the structural health monitoring outlook.

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Structural Health Monitoring Market Outlook by Category

By Component:

Hardware
- Sensors
- Data Acquisition Systems
- Others
Software
- Design and Analysis
- Parameter Identification and Tracking
- Others
Service
- Installation Service
- Design and Consulting Service
- Operation and Maintenance Service

By Type:

Wired SHM System
Wireless SHM System

By Application:

Bridges and Dams
Buildings and Stadiums
Vessels and Platforms
Airframes and Wind Turbines
Large Machines and Equipments

By Region:

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

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Veterinary Orthopedic Drills Market In-depth Insights, Deep Analysis of Key Vendor & Growth of this Industry 2022-2027

Veterinary Orthopedic Drills Market: Drivers and Restraints

Rising prevalence of bone reconstruction in animals is the major driver for the rapid growth of the veterinary orthopedic drills market. Due to rising prevalence, there is rapid development in veterinary orthopedic drills development by innovator companies. Another such example is the replacement of traditional drills techniques with electrical drills these are mainly due to traditional drilling method majorly leads to osteonecrosis due to uncontrolled temperatures. Drilling is a pre-requisite for rigid fixation of bone and implants with screws and threaded devices. All these factors drive the burgeoning growth of veterinary orthopedic drills market. Along with rising demand due to increased compliance and less bone damage boosting the growth of the market.

Veterinary orthopedic drills are used for veterinary trauma surgery and are typically used to drill the bone to accommodate threaded device or screw for fixation. Orthopedic drills are mostly used in cruciate ligament reconstruction and basically drilling associated with a rise in temperature by converting mechanical energy into thermal energy of adjacent bone and soft tissues.

The magnitude of veterinary orthopedic drilling depends on rotation speed, axial thrust force, geometry, diameter and etc. Excessive temperature due to drilling can result in the osteonecrosis, or impairment of osteogenic potential of the bone. Veterinary orthopedic drills are mostly in bone reconstruction surgeries to treat injured bones.

Veterinary orthopedic drill-bits normally ranges from 0.5mm to several millimeters. Typical veterinary orthopedic drills consist of the shaft, flutes, chisel edge and cutting edges. Chisel edges of veterinary orthopedic drills majorly contribute to axial thrust force and little cutting. Veterinary orthopedic drills are classified into three type’s pneumatic, battery, and electrical. Battery veterinary drills are more costly but are more advanced than other types. Pneumatic and electrical veterinary drills require compressed gas and external electric power and are cheaper than battery drills. The greatest advantage of battery veterinary orthopedic drills is ease of use in required directions in the absence of wire or hose.

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Damage due to drilling and sterilization issues of drills limits the growth of the veterinary orthopedic drills market.

Veterinary Orthopedic Drills Market: Market Overview

Global Veterinary Orthopedic Drills market has witnessed a robust growth due to increasing prevalence of orthopedic reconstruction of companion animals. Veterinary Orthopedic Drills market has a presence of many regional players which have a huge market share in emerging countries operating at regional or country level. There are huge opportunities for the untapped markets in emerging countries due to few approved players of the Veterinary Orthopedic Drills. The key players in the Veterinary Orthopedic Drills market are mainly focused on expansion by collaborations and partnerships with local vendors in increase the market reach of the products. The future of Veterinary Orthopedic Drills market anticipated with double CAGR during forecasting period.

Veterinary Orthopedic Drills Market: Region-Wise Overview

Global Veterinary Orthopedic Drills market segmented into following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East and Africa. North America is dominant in the Global Veterinary Orthopedic Drills market mainly due to increasing prevalence. In North America, particularly the USA is dominating due to the high penetration of bone reconstruction. Economic conditions in the APAC region are set to drive the Veterinary Orthopedic Drills market to new heights. European and APAC are fastest growing region due to rising awareness of Veterinary Orthopedic disorders. Growth in the Middle East and African region is considerably less when compared to the other regions. However, North America would maintain its position in the Veterinary Orthopedic Drills market, though, we are anticipating emerging economies such India, China, Brazil, to have the highest growth rate in Veterinary Orthopedic Drills market.

Veterinary Orthopedic Drills Market: Key Participants

The key participants in the Veterinary Orthopedic Drills market mainly include IMEX Veterinary, Inc, Vet. Surgical Resources, Inc., Surgical Holdings, and others. Companies are mainly focused on R&D to strengthen core competencies of the company’s product portfolio.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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, macroeconomic 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.

Veterinary Orthopedic Drills Market: Segmentation

Segmentation based on Product Type

Pneumatic Drills
Electrical Drills
Battery Drills

Segmentation based on Product Type

Veterinary Hospitals
Veterinary Clinics

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

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Medical Penlights Market is projected to amass a revenue of around US$ 362.1 billion by 2032

[342 Pages Report] Medical penlights are preferred over flashlights in all the medical settings due to the professional look and more visual clarity than flashlights. Medical penlights are the used by doctors, nurses and emergency medical technicians for a general examination of mouth, ear, eyes etc.

Medical penlights are preferred by medical professionals due to a compact size and they are easy to fit into pocket or clip board. Medical penlights are mainly used for pupil test. The most common test performed using medical penlights is consensual constriction test –a test used to check reflex and brain function. Medical penlights are either disposable or reusable.

Reusable medical penlights are preferred over disposable medical penlights as they have long battery life and low lumen focus. Based on the light source, medical penlights can be classified as LED lights and medical penlights with an incandescent bulb. Disposable LED medical penlights are generally used by emergency medical technicians who have different needs in penlight.

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LED medical penlights are brighter than penlights with an incandescent bulb. Emergency medical technicians prefer disposable medical penlight as they do not require to carry extra batteries. New features in medical penlights such as integrated pupil gauge and stylus make it more attractive to medical professionals as these medical penlights allow professionals to check on patients and immediately update their record.

Some of the leading brands in medical penlights market include Thrunite TI4T, BOVIE FLUORO-DOT, Welch Allyn Professional Penlight, Stylus, Dixie EMS Disposable Penlight, Escolite, etc. among others.

Medical Penlights Market: Drivers and Restraints

The market for medical penlights is ever growing as medical penlights are essential in every clinic or medical settings which provide primary healthcare. However, technological advances in medical penlights such as UV medical penlights for use in minor surgical procedures, LED medical pens, etc. are expected to fuel the growth of global medical penlights market.

Medical penlights with metal light beams such as cobalt light, halogen lights etc. Availability of special pediatric medical penlights further increases the demand for medical penlights across the globe. However, alternatives for pupil test such as visual screeners are expected to deter the demand for medical penlights over the forecast period.

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Medical Penlights Market: Overview

Availability of durable medical penlights for hospitals and clinic settings and disposable penlights for emergency medical technicians is attributed to continuous and steady consumption of these products in the global market.

Among both LED and incandescent bulb medical penlights, incandescent medical penlights are preferred and expected to dominate the global market as they provide better tissue color rendition which could be important to doctors and nurses. Among all end users of medical penlights, clinics segment is expected to dominate due to the high density of primary care services provided by them.

Medical Penlights Market: Regional Outlook

Geographically, global medical penlights market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate global medical penlights market due to a high number of hospitals and independent medical practitioners. Western Europe is expected to be the second largest market medical penlights.

Asia Pacific market is expected to experience the highest growth rate in terms of volume due to numerous local suppliers from China and Japan.

Medical Penlights Market: Key Players

Some of the players identified in global medical penlights market include ThruNite, Bovie Medical Corporation, Welch Allyn Inc., Streamlight Inc., Dixie USA EMS Supply Company, Beaver Visitec International, American Diagnostic Corporation, GF HEALTH PRODUCTS, INC., BV Medical, Medline Industries Inc., Rudolf Riester GmbH, Essilor etc. among others.

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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Key Segments Profiled in the Medical Penlights Market Survey

By Method:

LED Medical Penlights
Medical Penlights with incandescent bulb

By Light Output:

White Light
Blue Light
Red Light
Green Light
UV Light

By Usage:

Disposable Medical Penlights
Reusable Medical Penlights

By End Use:

Hospitals
Clinics
Diagnostic Centers
Emergency Medical Camps
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
The Middle East and Africa

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