Rich Communication Services (RCS) Messaging Market Analysis, Business Overview, Key Value, Demand & Forecast 2022 to 2032 | Future Market Insights, Inc.

The Rich Communication Services (RCS) Messaging Market revenues were estimated at US$ 1.4 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$ 8.5 Bn.

Large corporations typically have the resources to operate multiple businesses, including distinct advertising and marketing divisions. Large corporations can easily incorporate emerging technologies into their marketing and advertising strategies as resources and funds are readily available to them.

Rich communication services also aid large enterprise IT and telecommunications teams in their transition to rich content messaging communication methods. Traditional messaging methods in large enterprises or on-campus are incapable of meeting changing messaging and communication needs. As a result, the use of rich communication services in large enterprises is growing at a fast pace, providing a dynamic and flexible approach.

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For instance, Pizza Hut Delivery collaborated with IMImobile Limited to test Rich Communication Services (RCS) Business messaging to share promotional offers with customers, motivated by the pervasiveness of smartphones and a desire to remain at the forefront of technological innovation.

RCS was used to send brand promotion messages to Pizza Hut Delivery customers, which included a company logo and a verification icon with a ‘blue tick.’ Customers who were interested in the deals could then order them through the website. Customers could find contact information for their local Pizza Hut location, as well as T&Cs and opt-out options, by clicking on the Pizza Hut logo.

Key Takeaways from the Market Study

  • Global Rich Communication Services (RCS) Messaging Market is estimated to reach a market size of US$ 1.9 Bn by 2022.
  • The A2P segment, is expected to account for the highest CAGR rate of 16.1% during the forecast period.
  • United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.3 Bn during 2022 – 2032.
  • The market in US is set to experience the highest CAGR of 15.7% during the forecast period.

“During the projected period, a growing population, surge in smartphone connections, increasing mobile payment users, spurt in retail industry revenues, and use of advanced SMS systems for marketing and customer relationship management can be the key drivers in raising the Rich Communication Services (RCS) Messaging market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Rich Communication Services (RCS) Messaging Market are focused on R&D to produce innovative technological solutions.

  • In July 2021, Verizon and Google announced a partnership that will bring advanced messaging services to Android users in the U.S. via the Messages by Google app. The RCS-based service, which can be accessed directly through Google Messages, provides a more interactive and modern messaging experience.
  • In December 2021, BICS Singapore, a wholly-owned subsidiary of the BICS Group, has agreed to purchase 3m Digital Networks Pvt Ltd, a Communications Platform as a Service (CPaaS) specialist, for an undisclosed sum. BICS’ portfolio will be expanded as a result of the acquisition to include AI-enabled voice, multi-channel messaging such as WhatsApp, verification services such as IP messaging and RCS, and advanced analytics services.
  • In September 2021, Edgecore Networks and Ecrio, the leading provider of mobile carrier communications and messaging client software, announced the addition of Carrier Voice and Rich Communication Services (RCS) capability to the Edgecore family of Open WIFI-ready Access Points.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Rich Communication Services (RCS) Messaging Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Rich Communication Services (RCS) Messaging Market Communication Type (A2P, P2A, P2P), By Vertical (Retail, Media & Entertainment, BFSI, Healthcare, Travel & Tourism, Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Rich Communication Services (RCS) Messaging Market Analysis

By Communication Type:

  • A2P
  • P2A
  • P2P

By Vertical:

  • Retail
  • Media & Entertainment
  • BFSI
  • Healthcare
  • Travel & Tourism
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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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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Quote Management Software Market Recent Trends, Demand, Leading Players, Segments & Regional Forecasts 2022 to 2032

The Quote Management Software Market revenues was recorded at US$ 1.4 Bn in 2021 and is anticipated to grow at a CAGR of 16.9% 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$ 7.6 Bn. The industries use Cloud-based Quotations Management to speed-up the process of generating quotes for prospective leads and customers, which they can then save and access whenever they need them.

Quote management software enables users to generate quotes for the products and services they offer in a quick and easy manner. The solution is easy to use and allows them to create as many quotes and invoices as they require.

The created copies are saved and can be accessed online at any time. The Quote & Invoice Manager allows the companies to quickly generate Quotes & Invoices and link them to the appropriate accounts, contacts, or leads.

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Catalystk CRM, for example, provides SMB traders and manufacturers with free cloud-based quoting software and IT quoting software. Cloud-based sales quoting software can perform tasks or provide services from any location with internet access.

Businesses nowadays are demanding web-based software that does their sales-related work automatically, lowering their work pressure. Furthermore, while on the road, it is difficult for a salesperson to communicate their work progress to their company, and they must fill out paperwork to feed in. Cloud-based software can be used to perform all of a company’s functions.

Key Takeaways from the Market Study

  • Global Quote Management Software Market is expected to reach a market size of US$ 1.6 Bn by 2022.
  • The CPQ Software segment, is expected to have the highest CAGR rate of 16.6% during the forecast period.
  • United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.1 Bn during 2022 – 2032.
  • The market in US is set to experience the highest CAGR of 16.6% during the 2022-2032 forecast period.

“During the projected period, the rise of digitization and cloud-based software can become a key driver in raising the Quote Management Software market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The quote management software market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Quote Management Software Market are focused on R&D to produce innovative technological solutions.

  • In January 2022, Vendavo, a provider of AI-enabled SaaS price optimization and CPQ solutions, reported record expansion and client software retention during a difficult year. Accel-KKR and current owner Francisco Partners will both make significant strategic investments in Vendavo in 2021. This investment will be used by Vendavo to accelerate product development in order to meet client demands for new B2B commercial solutions in 2022, fund future go-to-market strategies, and accelerate partnership and merger and acquisition opportunities.
  • In May 2021, Cincom Systems, Inc. announced the launch of CPQSync Self-Serve, a B2B commerce experience designed for companies that sell complex, highly configurable products, and services. Customers can use CPQSync to configure products, obtain pricing, and view quotes in real-time. Cincom’s CPQSync SaaS solution simplifies the purchase and sale of complex products and services. The solution is powered by the Microsoft Power Platform and is fully integrated with Microsoft Dynamics 365 for Sales, Finance, and Supply Chain.

More Insights Available

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

The study reveals extensive growth in Quote Management Software Market by Product Type (CPQ Software, Pricing Software, Proposal Software, Visual Configuration Software), By Industry (Large Enterprises, SMEs), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Quote Management Software Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

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Market Segments Covered in Quote Management Software Industry Analysis

By Product Type:

  • CPQ Software
  • Pricing Software
  • Proposal Software
  • Visual Configuration Software

By Industry:

  • Large Enterprises
  • SMEs

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Us

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:

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Purpose-built Backup Appliance (PBBA) Market Growth, Detailed Analysis & Business Prospects Forecasts 2022 to 2032

The Purpose-built Backup Appliance (PBBA) Market revenues was estimated at US$ 9.3 Bn in 2021 and is anticipated to grow at a CAGR of 10.8% 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$ 29.4 Bn.

The market in China is projected to reach a valuation of US$ 2.4 Bn by 2032, growing at a CAGR of over 17% during 2022 – 2032. Owing to the reasons such as the rise of SMEs and developing economies, China stands as a potential market for purpose-built backup appliances.

The growth of China’s economic infrastructure will have a direct influence on the market. Also, the existence of large corporations, a strong supply side, vigorous industrial development demand, and financial capabilities is likely to make a significant contribution in the PBBA market revenue. In March 2022, China announced a series of policy documents authorizing the establishment of several new data centre clusters around the country.

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These data centre clusters are planned as part of the “Eastern Data, Western Computing” program, which was first suggested in 2020. The plan calls for the creation of a national data centre and computer infrastructure, with data eventually moving from China’s highly populated east to the more rural and resource-rich west.

The plan is a proactive government effort aimed at increasing computer power and data storage capacity in anticipation of increased digitization and technical innovation, as well as resolving a computing supply and demand mismatch.

Key Takeaways from the Market Study

  • Global Purpose-built Backup Appliance (PBBA) Market is expected to reach a market size of US$ 10.6 Bn by 2022.
  • The Software segment, is expected to have the highest CAGR rate of 11.4% during the forecast period.
  • United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 4 Bn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 17.2% during the 2022-2032 forecast period.

“During the projected period, the rise in the demand for data protection and data security as well as the increased prospects in cloud computing software are some of the key drivers in raising the Purpose-built Backup Appliance market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Purpose-built Backup Appliance Market are focused on R&D to produce innovative technological solutions.

  • In March 2022, Microsoft Corporation announced that its customers will enjoy unlimited access to a new Azure region in North China, adding the fifth Azure region to the China market and doubling the capacity of Microsoft’s intelligent cloud portfolio in China. The new Azure region will strengthen Microsoft’s capabilities to allow and empower innovation, development, and the discovery of possibilities across the company, ecosystem, and a sustainable future.
  • In December 2021, Dell introduced DD6400, which is a contemporary backup device designed for commercial clients, small businesses, and big organizations with remote installations. They stated that the DD6400 would support the Dell EMC PowerProtect Cyber Recovery solution, putting cyber security at the forefront of the IT ecosystem. The DD6400 has a hardware-assisted compression card that boosts logical capacity per TB by 30%, yielding a 65x data deduplication ratio.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Purpose-built Backup Appliance (PBBA) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Purpose-built Backup Appliance (PBBA) Market by Deployment (Cloud, On-Premise), By Component (Software, Professional Services), By System (Integrated, Target, Open, Mainframe), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality, Energy and Utility, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Purpose-built Backup Appliance Market Analysis

By Deployment:

  • Cloud purpose-built backup appliances
  • On-Premise purpose-built backup appliances

By Component:

  • Purpose Built Backup Appliance Hardware
  • Purpose Built Backup Appliance Software
  • Purpose Built Backup Appliance Services
    • Support and Maintenance

By System:

  • Integrated Backup Appliance
  • Target Systems Backup Appliance
  • Open System Backup Appliance
  • Mainframe Purpose Built Backup System

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By Industry Vertical:

  • BFSI (Banking, Financial, Services and Insurance)
  • Telecom and IT
  • Government
  • Healthcare
  • Education
  • Manufacturing
  • Travel and Hospitality
  • Energy and Utility
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Us

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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Physical Security Information Management (PSIM) Market By System Type, End User, Region, Analysis & Forecast 2022 to 2032

The Physical Security Information Management Market revenues were estimated at US$ 2.3 Bn in 2021 and is anticipated to grow at a CAGR of 16.7% 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$ 12.6 Bn.

Rising digitization and rigorous regulatory standards such as the Health, Safety, and Environment standards are driving the adoption of PSIM in the energy and utility industries to meet regulatory requirements. One of the key end goals in all of these businesses has always been to minimize costs and risks while preserving end-product quality and timeliness. The installation of new energy-generating facilities is expected to fuel the growth of this sector.

ARES Security Corporation is transforming nuclear power plant security and operations by utilizing robotic technology that can help or replace personnel in physical security, technical, and service activities at present and future Advanced and Small Nuclear Reactors (A/SNR).

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ARES announced that the Department of Energy has awarded it US$ 200 Thousand for Small Business Innovation Research Phase 1 Grant. This project will concentrate on the physical security challenges associated with A/SNR size, design, physical layout, operations, and the possibility of being located in remote places with fewer staff than massive nuclear power plants or other large-scale energy sources.

Energy plants are huge and distantly located, making monitoring challenging. People can get around perimeter protection and even barge their way past access restricted doors. This is where remote monitoring technologies, like video surveillance help businesses.

CCTV cameras make it considerably easier for operations or security personnel to see who enters and departs the facility. Guards that work long in shifts may grow fatigued, lose attention, and become sidetracked by false alarms. When security cameras are augmented with advanced video analytics, security becomes considerably easier.

Key Takeaways from the Market Study

  • Global Physical Security Information Management Market is expected to reach a market size of US$ 2.7 Bn by 2022.
  • The Software segment, is expected to have the highest CAGR rate of 17.4% during the forecast period.
  • United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.3 Bn during 2022 – 2032.
  • The market in South Korea is set to experience the highest CAGR of 19.2% during the 2022-2032 forecast period.

“During the projected period, the rise of digitization, smart city development, and government initiatives in defense and energy & utility sector are expected to drive the Physical Security Information Management market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Physical Security Information Management Market are focused on R&D and collaborations to produce innovative technological solutions.

  • In April 2022, SureView Systems, a provider of open response systems for security operations, and Calipsa, a market leader in deep-learning driven video analytics for false alarm reduction, announced a merger of their cloud-based flagship products. Calipsa’s software increases security control centres’ ability to process and respond to video alarm events when combined with SureView’s next-generation PSIM technology.
  • In January 2022, With the support of EURAZEO, Prysm Software, a key developer of PSIM software solutions and security systems, joined the VITAPROTECH group, the French market leader in premium security solutions for sensitive sites. The VITAPROTECH firm boosts its expansion in security software solutions and strengthens its monitoring business by acquiring Prysm Software. The open-standards-based solutions give significant flexibility and ease of deployment, assuring end client independence and unifying heterogeneous settings. The firm has more than 150 partners globally who have been educated on its PSIM platform AppVision.

More Insights Available

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

The study reveals extensive growth in Physical Security Information Management Market by Component (Software, Service), By End-Use (Residential, Retail, BFSI, Telecom & IT, Transportation & Logistics, Government & Defense Sector, Hospitality, Industrial Manufacturing, Energy & Utility, Health Care, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Physical Security Information Management (PSIM) Market Analysis

By Component:

  • Software
    • Off-the Shelf
      • On-premise
      • Cloud-based
    • Customized
      • On-premise Physical Security Information Management
      • Cloud-based Physical Security Information Management
    • Service
      • Installation/ System Integration
      • Operation & Maintenance
      • Consulting & Training

By End-Use:

  • Residential
  • Retail
  • BFSI
  • Telecom & IT
  • Transportation & Logistics
  • Government & Defence Sector
  • Hospitality
  • Industrial Manufacturing
  • Energy & Utility
  • Health Care
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Us

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:

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Enteral Feeding Devices Market is estimated to progress at a CAGR of 4.7% to reach US$ 3.77 Bn by 2030

The COVID-19 pandemic has prompted the healthcare industry to run into an overdrive mode, ceaselessly working to find a potential cure for this deadly virus. As the world economy heads toward a recession, the enteral feeding devices market shall remain afloat.

As infected patients experience digestive problems, the demand for alternative food administration sources has risen. This has upticked the deployment of enteral feeding device on an increased frequency. Additionally, vendors are concentrating on strengthening regional distribution networks to ensure uninterrupted supply of equipment to various healthcare settings and organizations.

Demand across the United States, Brazil and India will especially remain strong, given the fact that these are the worst affected countries, providing immense scope for revenue generation to prominent manufacturers.

As healthcare infrastructure has improved, life expectancy has raised its bar. While this is welcome news, the rapidly proliferating geriatric population has also led to increased incidence of age-related ailments, both malignant and non-malignant. Conditions such as cancer, multiple sclerosis, dementia and brain damage have increased multifold.

All the aforementioned conditions have a deleterious impact on the patient’s digestive system, causing dyspepsia, throat and mouth pain, diarrhea and IBS. These co-morbidities render it impossible for patients to consume solid food. Hence, healthcare providers are accelerating the adoption of enteral feeding devices and provide adequate nutrients to patients.

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Global Enteral Feeding Devices Market- Key Findings

  • Enteral feeding devices market to expand at 6.6% CAGR from 2020-2030
  • Oncology remains principal application area, neurological disorders to generate green spaces
  • Nasoenteric feeding tubes to share the revenue pie with feeding pumps, attributed to effectiveness of nutrient delivery
  • Homecare settings garnering major traction due to launch of easy-to-use and consumer friendly devices
  • East & South Asia will emerge as potential revenue hotspots during the forecast period

“The global enteral feeding devices is in its growth stage, prompting vendors to flood the market with innovative and technologically advanced products, bringing the markets one step closer towards maturity,” infers the FMI analyst.

Competitive Landscape

Prominent players in the enteral feeding devices market include ICU Medical, Boston Scientific Corporation, Fresenius Kabi, Abbott Laboratories, Cook Medical, Cardinal Health, Inc., Becton Dickinson & Company and Dynarex Corporation among others. Besides this, a number of regional players also dominate the landscape.

In 2014, Cook Medical launched the Entuit Thrive Balloon Retention Gastronomy Feeding Tube for gastronomy and gastropexy procedures. This launch was a part and parcel of the company’s efforts to expand its enteral feeding devices product pipeline.

Boston Scientific Corporation markets a broad range of enteral devices such as the EndoVive Enteral Feeding Tube Kits. To expand its gastroenterology product portfolio, the company announced a limited market release of its Exalt Model-D single-use duodenoscope in January 2020.

In 2016, Cardinal Health launched its Kangaroo Joey Enteral Feed and Flush Pump to expand its adult nasogastric feeding tubes portfolio.

ICU Medical markets the Lopez Valve and EnFit Lopez Valve Closed Enteral Tubes which provide protection from accidental exposure to infectious body fluids to healthcare workers.

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More Insights on the Enteral Feeding Devices Market

A recent market study published by FMI on the Enteral Feeding Devices market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report involved detailed segmentation on the basis of product type, application, age-group, end-user and region. Our analysts have conducted thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.

Enteral Feeding Devices Market: Segmentation  Product Type

  • Enteral Feeding Pumps
  • Enteral Feeding Tubes

Enterostomy Feeding Tubes

  • Standard Tubes
  • Standard Gastrostomy Tubes
  • Standard Jejunostomy Tubes
  • Standard Gastrojejunostromy Tubes
  • Low Profile Tubes
  • Low-profile Gastrostomy Tubes
  • Low-profile Jejunostomy Tubes
  • Nasoenteric Feeding Tubes
  • Nasogastric Feeding Tubes
  • Nasojejunal Feeding Tubes
  • Nasoduodenal Feeding Tubes

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Oroenteric Feeding Tubes

  • Administration Sets
  • Enteral Syringes
  • Consumables

Application

  • Oncology
  • Gastroenterology
  • Diabetes
  • Neurological Disorders
  • Others

Age Group

  • Adult
  • Pediatric

End-user

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Homecare Settings
  • Others

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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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Termite Bait Products Market is Expected to Register 5.6% CAGR During Forecast Period by 2031

The termite bait products market is expected to surpass a valuation of US$ 2.39 Bn at a CAGR of over 5.6% through 2031.

Evolving technology has helped players to diversify their product offerings and provide customized solutions to various industries.

At present, awareness regarding termite bait products is inadequate, which is majorly affecting the growth of the market. However, various companies are collaborating in order to spread awareness about the products available.

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For instance in 2021, Insect Science released new videos on product explanation and demonstration on their YouTube channel. The videos contained detailed explanation on how does the product work and the correct way to install them in order to achieve success.

Moreover, with time and study, companies are launching diversified product range that are focused upon a particular type of termite and their behaviour. For instance, in 2017, Termites DIY Baiting System Malaysia launched their new series of product, the 2nd Edition-Moisturized White Bait that is likely to eliminate the entire colony of termites and provide with a long-term solution.

Rise in demand in the construction industry and introduction of products that have high strength and are available at affordable cost will drive the termite bait products market.

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Key Takeaways from the Termite Bait Products Market Study

  • In terms of bait system, demand for on ground bait systems is expected to grow at a CAGR of over 11.3% during the forecast period from 2021 to 2031.
  • Subterranean termites are expected to account for over 40% of sales in the market on the basis of termite type.
  • Surging application in agricultural land and crops and building infrastructure will drive sales in the termite bait products market.
  • The U.S. is expected to account for over 82% of sales in North America market by 2031.
  • Italy will account for maximum sales of termite bait products in Europe.

 “Leading companies are actively engaging in promoting and launching new products. To create awareness about termite bait products and expand their global, the market players are focusing on strategic collaborations,” says an FMI analyst.

Impact of COVID-19 on the Market

The sudden COVID-19 outbreak had completely shut down the activities, affecting the economy of all markets. It also negatively affected the sales of termite bait products. Moreover, the temporary pause of trading between developed and developing countries led shortage of material for production thus, affecting the production capacity.

However, with the growing concerns regarding personal health and rising demand for safe environment, the sales of termite bait products has picked up. The demand for products containing organic ingredients is expected to increase at a higher rate.

Who is Winning?

Leading manufacturers of termite bait products are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the termite bait products market are BASF, Bayer, Decke Global, Dow, Earth Corporation, Ensystex, Exterminex, Exterra, Green Termite Bait Systems, PCT International, Pestman Co. Ltd., Shenzhen Golden Cat Environmental Technology Co., Ltd, Shouxin, Spectrum Brands, Inc., Sumitomo Chemicals Co., Ltd, Syngenta, Terminix, Termites DIY, and TrapAll among others.

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Market by Category

By Bait System:

  • On Ground
  • In Ground
    • Invasive
    • Non-Invasive

By Termite Type:

  • Subterranean Termites
  • Formosan Termites
  • Dampwood Termites
  • Conehead Termites
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Infant Incubators Market is expected to reach a valuation of US$ 327.9 Mn by the end of 2022 | FMI

[250 Pages Report] As per Future Market Insights, the global infant incubators market was valued at around US$ 311.6 Mn in 2021 and is projected to exhibit a CAGR of 4.7% over the forecast period. It is set to reach an estimated valuation of US$ 518.2 Mn in 2032.

Attributes Key Statistics
Global Infant Incubators Market Estimated Size (2022E) US$ 327.9 Mn
Projected Market Valuation (2032F) US$ 518.2 Mn
Value-based CAGR (2022-2032) 4.7%
Collective Value Share: Top 5 Countries (2022) 49.5%

The global infant incubators market is growing due to increased awareness regarding the health of newborns, rising prevalence of chronic infections, and surging cases of sudden unexpected deaths among infants in healthcare facilities. Additionally, the emergence of numerous epidemics and looming health risks they pose have further increased the demand for intensive care incubators across all healthcare facilities, thereby promoting market expansion.

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Besides, growing acceptance of infant incubators by various end users, including hospitals, as well as pediatric & neonatal intensive care units, would give the market a boost in the approaching years. The U.S. healthcare sector has been focusing on the importance of collaborative strategies by government bodies, which would boost the advancement in healthcare facilities. The National Network of Perinatal Quality Collaboratives (NNPQC), for instance, was established by the CDC and the March of Dimes to assist state-based PQCs in improving maternal and infant health outcomes statewide in a measurable manner.

These aforementioned factors will boost the market in the near future, as key companies are also concentrating on acquisitions and the development of novel products with improved efficacy in terms of environmental stability, infection protection, and durability.

Key Takeaways from Market Study

  • By product, the intensive care incubators segment held approximately 3% of the global market share in 2021.
  • Based on end user, the hospital segment generated a market share of around 7% in 2021.
  • East Asia is considered to be the leading region in the market and it held a share of 3% in 2021.
  • Europe accounted for a value share of 7% in 2021 owing to increasing number of preterm births in the region.
  • China is projected to exhibit growth at a lucrative CAGR of 8% during the forecast period.

“Increased initiatives by government bodies to promote health safety solutions and growing prevalence of chronic illnesses among infants in healthcare facilities are estimated to propel the market,” says an analyst of Future Market Insights.

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Competitive Landscape

Although infant incubator producers are functioning at full capacity, demand has surpassed supply in recent years with the rising prevalence of chronic illnesses. The gap has had an impact on a wide range of end users, including healthcare practitioners and other industrial users.

The global infant incubators market is fragmented, and there are a wide range of regional, up-and-coming, as well as established businesses operating within it. Key stakeholders have started conducting promotional activities to introduce unique infant incubators with improved efficacy.

For instance,

  • In April 2022, nearly two hundred portable incubators that were developed by utilizing technology co-invented by a Stanford MBA more than 10 years ago, were sent to Ukraine to offer life-saving warmth to babies born prematurely in hospitals and bomb shelters.
  • Dräger’s new Ponta and Ambia ceiling supply systems, which went into effect on September 30, 2021, give hospitals a great deal of flexibility when designing workstations that support particular clinical requirements in the operating room, ICU, and NICU.

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Infant incubator market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global infant incubators market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product (intensive care incubator, and transport incubator), end users (hospitals, pediatric and neonatal intensive care units, others), across seven key regions of the world.

About 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 9-years.

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Intracranial Aneurysm Market at a promising CAGR of 8.8% From 2022 and 2032

[342 Pages Report] The intracranial aneurysm market thrives on a strong CAGR of 8.8%, while it holds a value of US$ 1.2 Bn in 2022 and is anticipated to reach US$ 2.56 Bn.

Attributes Value
Medical device cleaning Market Size (2022) US$ 1.2 Billion
Medical device cleaning Market Projected Size (2032) US$ 2.56 Billion
Medical device cleaning Market Value CAGR (2022-2032) 8.8%

A global study on the intracranial aneurysm market explains that the growing cases of intracranial aneurysms in the brain involve the bulging in the wall of an artery in the brain. It causes swelling, ballooning, and widening.  Aneurysms weaken the walls and make it hard for the nerves to function properly.

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The expanding intracranial aneurysm market size is attributed to the new advanced t echnology integrating with intracranial aneurysm treatment and solutions. As the risk of walls bursting increases, end user patients and treatment centers adopt the intracranial aneurysm treatment and solution methods.

Latest technological developments, increasing cases of brain aneurysm & its complications along with the introduction of minimally invasive procedures are gaining traction for the intracranial aneurysm market.

Key Takeaways:

  • The type category has three major segments, Surgical Clipping, Endovascular Coiling, and Flow Diverters. The endovascular coiling segment dominates the market while holding a market share of 85.3% of the global share.
  • The minimally invasive techniques go through the catheter to locate the aneurysm in the brain. Growing hypertension among the geriatric population leads people to a higher chance of brain aneurysms and other diseases.
  • The end user category is dominated by the hospital segment, holding 89.5% of the global market. The segment grows at a promising CAGR of 8.9% through the forecast period, attributed to application of technologically advanced tools in operation theaters and intensive care units along with increased number of healthcare units.
  • North America holds 27% of the global share in the global intracranial aneurysm market in 2022. The growing intracranial aneurysm market in the North American region is attributed to the growing healthcare facilities, government investments, and the rising cases of brain aneurysms.
  • Asia Pacific region is anticipated to thrive at the highest CAGR of 12.7% through 2032. Presence of emerging economies like India and China that are investing huge capital in building their healthcare infrastructure, advancing and making it tech-enabled.

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The Intracranial aneurysm market analysis states that the use of new platforms like Artificial intelligence, big data, and the internet of things (IOT) are integrating with the treatment solutions. Countries such as the U.S., the U.K., and Germany have witnessed a high prevalence of intracranial aneurysms in recent years. Neuro Intervention India states that approximately 6.0 million people in the U.S. develop an unruptured intracranial aneurysm. The treatment of brain aneurysms includes medical therapy, surgical clipping or endovascular therapy, or coiling without or with adjunctive devices, fueling the demand for intracranial aneurysm treatment solutions”  says a Future Market Insights analyst.

Competitive Landscape

The Intracranial aneurysm market has various key competitors that focus on expanding healthcare centers with advanced technology. The key competitors understand and focus on new techniques that are aneurysm-specific and target wall healing and blood prevention. This makes the competitive landscape more dynamic and versatile, owing to the expansion of the intracranial aneurysm market.

The key competitors flourishing in the growth of intracranial aneurysm treatment solutions are Medtronic, Microport Scientific Corporation, B. Braun, Stryker, Johnson and Johnson Services Inc., Microvention Inc., and Codman Neuro (Integra Lifesciences).

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Recent Developments

  • MicroPort Scientific Corporation has introduced new therapies for neurovascular intervention that resolve potential issues related to brain aneurysms, offering specific tools to surgeons. This fuels the sales of intracranial aneurysm treatment solutions.
  • Stryker has added the neuroform atlas stent system that is further used in conjunction with metal coils that help in packing Aneurysms (week walls and blood vessel scar) in the brain. This is anticipated to help multiple surgeons across the globe.

Intracranial aneurysm Market by Segmentation

By Type Outlook:

  • Surgical Clipping
  • Endovascular Coiling
  • Flow Diverters

By Application Outlook:

  • Hospitals
  • Clinics
  • Others

About 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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First Aid Market size is anticipated to be US$ 800.38 Million by 2032

Future Market Insights (FMI), in its latest report titled, “China First Aid Market Assessment and Opportunity 2014 – 2020”, projects the China first aid market to exhibit a CAGR of 6.3% between 2015 and 2020. Adoption of aggressive promotional campaigns are key factors driving growth of the market.

The report is focused on basic first aid products such as adhesive bandages, disinfectants and gauzes. Though the basic wound care segment in China accounts for miniscule share of the overall wound care market in China, it is expected to witness significant growth over the next few years. Increasing awareness about non-traditional first-aid products among consumers in Tier 2 and Tier 3 cities is the prime driving factor for the market in the region.

As of 2014, basic first aid products accounted for less than 20% share of the overall wound care market in China. Strategies such as innovative product packaging along with aggressive market campaigning has led to surge in demand for these products in China. Government emphasis on healthcare policies, liberalization of policies related to distribution of licenses and FDI influx are other key driving factors of the first aid market in China. On the flipside, low healthcare expenditure and higher preference for Chinese traditional medicines among consumers is a major restraint for non-traditional wound care product manufacturers.

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The report analyses the China first aid market in terms of sales revenue (US$ Mn) by product, cities and by retail sales channel and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

On the basis of city, the China first-aid market has been segmented into Tier 1, Tier 2 and Tier 3 Cities. Among Tier 1 cities, Shanghai offers good market opportunities for first-aid products manufacturers. It is anticipated to generate 1.4X higher sales revenue by the end of the forecast period as compared to that in 2014. Disinfectant products are anticipated to account for over half of the sales revenue in Tier 1 cities, followed by gauzes and bandages respectively. Tier 2 cities are expected to generate 1.3X higher revenue than Tier 3 cities by the end of 2020.

Among retail sales channels, drugstores and pharmacies are key channels for sales of adhesive bandages. Hospitals are the key channel for sales of gauzes. Hospitals account for major share of retail sales in Tier 3 cities in China. Though drugstores, pharmacies and hospitals are key retail sales channels for adhesive bandages and gauzes, modern retail sales channel are the most preferred mode for sales of disinfectants. Hypermarkets and supermarkets account for over 60% share of retail sales of disinfectants.

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By product type, the China first aid market has been segmented into adhesive bandages, gauzes and disinfectants (antiseptics). While disinfectants are projected to be the largest market segment throughout the forecast period, its presence is limited to Tier 1 and Tier 2 cities in China. The disinfectant products segment is anticipated to register a CAGR of 7.5% between 2014 and 2020. Reckitt Benckiser and Walch are key players in this product segment. Organized players account for significant market share in the disinfectants products segment. Among products, gauzes (woven and non-woven) covers significant market in Tier 3 cities in China. Sales revenue of adhesive bandages is further segmented into butterfly stiches, transdermal bandages and special bandages. Transdermal bandages account for significant market share in the adhesive bandages segment.

Key players in the China first aid market include:

  • Johnson and Johnson
  • Winner Medical Group Co.
  • Reckitt Benckiser
    Yunnan Baiyao
  • 3M Company
  • Nepstar Drugstore
  • 7-Eleven
  • Beijing Hualian Group
  • A.S Watson Group.

Key Segment By Product Type

  • Bandages
  • Gauzes
  • Disinfectants

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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 6-years.

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Vaginitis Treatment Drugs Market is expected to progress at 5.2% CAGR to reach US$ 4.52 Bn by the end of 2030

Global vaginitis treatment market is set to reach USD 2.7 Bn in 2020, and witness a CAGR of around 5% during the forecast period (2020 – 2030). These insights are from a latest market research study by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Vaginal infection impacts 40% of women across the globe. Moreover, majority of those infected are asymptomatic. As such, it becomes utterly difficult to keep a track of vaginitis and the treatment to be administered.

The only way out in this regard turns out to be creating awareness about the factors that lead to vaginitis; so that even if major symptoms do not appear; women could at least seek medical advice regarding the same.

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Several government-funded and/or private organizations are emphasizing on educating the people regarding vaginitis and the due course of treatment. Oral medications are prevalent in the current scenario.

For instance – DARE-BV1, a new thermosetting hydrogel amass with clindamycin phosphate 2% did receive QIDP (Qualified Infectious Disease Product) designation by US FDA in Aug 2019. The product came from Dare Bioscience, Inc. Such developments are expected to encourage the other players to come up with new products; thereby bolstering the vaginitis treatment drugs market.

Key Takeaways of Vaginitis Treatment Drugs Market Study

  • Nitroimidazole compound is the largest segment by drug type representing 44% of revenue share in the Vaginitis Treatment Drugs Market in 2019.
  • By the schedule of drug, prescription (Rx) drugs contributes for 3/4th of market value share. Over-the-counter drugs (OTC) is expected to grow at a higher growth rate in the forecast period
  • North America and East Asia collectively contributed for more than half of the market share in the Vaginitis Treatment Drugs Market in 2019 with North America holding a noteworthy market share.

“Development of single-dose drugs, growing demand for over-the-counter medication, and increasing recurrence rate of vaginitis will boost the growth of the Vaginitis Treatment Drugs Market,” says the FMI Analyst.

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Partnerships and Collaborations Paving the Way for Vaginitis Treatment Drugs Market

Partnership strengthens the drug portfolio, broadens the consumer base, and gives an impetus to research and development. For instance – in March 2018, Bayer thrush treatment Canesten partnered with sketch comedy group SketchShe and media agency PHD for a campaign which intended to reduce the stigma and embarrassment associated with the condition.

This campaign did give the consumers a fair idea about the BQ (Behavioral Quotient) of both the companies; and also left a lasting impression in the consumers’ minds.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global Vaginitis Treatment Drugs Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readerThe study provide compelling insights on Vaginitis Treatment Drugs Market on basis of drug type (nitroimidazole compound, lincosamide antibiotics, triazoles, imidazoles), indication (bacterial vaginitis, fungal vaginitis (yeast infection), trichomoniasis), route of administration (oral, cutaneous, vaginal), schedule of drug (prescription drugs (Rx), over-the-counter drugs (OTC)) distribution channels (hospital pharmacies, retail pharmacies, drug stores, mail order pharmacies) across seven major regions.

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Key SegmentDrug Type

  • Nitroimidazole Compound
  • Lincosamide Antibiotics
  • Triazoles
  • Imidazoles

Indication

  • Bacterial Vaginitis
  • Fungal Vaginitis (Yeast Infection)
  • Trichomoniasis

Route of Administration

  • Oral
  • Cutaneous
  • Vaginal

Route of Administration

  • Oral
  • Cutaneous
  • Vaginal

Schedule of Drug

  • Prescription Drugs (Rx)
  • Over-the-counter Drugs (OTC)

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Mail Order Pharmacies

Regions

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

About 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 9-years.

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