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Global Powered Lawn Mowers Market Value to Cross US$ 2,323.8 million by 2033, With a 4.5% CAGR

The Powered lawn mower Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Powered lawn mower market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Powered lawn mower. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives

The Powered lawn mower Market is poised for significant financial gains, exhibiting a promising CAGR of 4.5% during the projected period. Projections indicate that the overall market is expected to yield sales exceeding US$ 2,323.8 million by 2033, a notable increase from the US$ 1,496.3 million recorded in 2023.

This upsurge in powered lawn mower sales can be attributed to the escalating prevalence of gardening and lawn maintenance activities, coupled with a growing emphasis on comprehensive lawn care. To cater to the diverse requirements of discerning consumers, manufacturers have expanded their product offerings, presenting a range of options such as variable cutting widths, adjustable heights, and an assortment of attachments.

Technological advancements have revolutionized the functionality of lawn mowers, facilitating precise cutting, enhanced energy efficiency, and heightened user convenience. Moreover, industry players have placed significant emphasis on the integration of sustainable and eco-friendly elements across all equipment and machinery, underscoring their commitment to ecological stewardship.

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In particular, there is a growing market for electric-powered lawn mowers as environmental concerns become more widely known in emerging economies. Compared to conventional gas-powered versions, electric-powered lawn mowers are quieter, generate fewer pollutants, and require much less maintenance throughout their lifetime.

Key Takeaways from the Powered Lawn Mowers Market Study Report

The United States holds a dominant share of the global market, contributing 28.3% of the total revenue generated in 2022.
In Europe, Germany is the leading manufacturer of powered lawn mowers and held a global market share of 6.2% in 2022.
The demand for powered lawn mowers in the United Kingdom is anticipated to continue at 3.5% from 2023 to 2033.
India is the emerging market for powered lawn mowers and is anticipated to capture a CAGR of 5.7% through 2033.

Residential Renaissance Driving Demand

Across North America, a resurgence in residential interest is propelling the demand for electric garden tools, particularly powered lawn mowers. The allure of well-maintained lawns and landscapes is prompting homeowners to invest in these efficient and environment-friendly solutions. This residential trend has not only boosted the market’s growth but also reshaped consumer preferences toward electric alternatives, contributing to the rapid expansion of the powered lawn mower market.

Commercial Landscapes Embrace Electric Power

The influence of powered lawn mowers is not limited to residential spaces. Commercial settings such as parks, public gardens, sports arenas, and more are also adopting these electric solutions at an accelerating pace. The demand for efficient and eco-friendly maintenance tools in these areas is driving the transition towards powered lawn mowers, further amplifying the market’s size and scope.

As North America’s powered lawn mower market witnesses this dual surge – driven by residential and commercial sectors – Future Market Insights remains committed to providing comprehensive insights into this evolving landscape.

Competitive Landscape for the Powered Lawn Mowers Market Players

American Lawn Mower, Unison Engg, Rank Engineering, Husqvarna, D&D Moto, Hayter, MEAN GREEN, CHP, GGP, and Hayter are some top players in this market. Additionally, new players are emerging and improving their positions in developed and emerging countries by growing their distribution networks. Forming strategic alliances with nearby dealers, online merchants, and home improvement businesses is a prominent strategy all players adopt.

Manufacturers of powered lawn mowers have been actively expanding their operations to take advantage of recent cutting-edge technology developments. They are integrating Internet of Things (IoT) connection, robotic automation, and superior material into their products to gain a competitive edge over their rivals. Moreover, producers are focusing on research and development to enhance the efficiency and robustness of lawn mowers to fulfill the changing demands of consumers.

Recent Developments by the Powered Lawn Mowers Manufacturing Industries

In mid-2022, Honda unveiled its new self-propelled HRG536X lawn mower with additional features. It has a brushless electric motor, which is more effective and silent than conventional gasoline engines. Additionally, it offers a variety of safety features, including a safety key and a blade brake.

In 2021, Toro unveiled its new category of SmartStowTM technology lawn mowers. These new types of lawn mowers can now be folded and stored upright, saving room in the garage.

In July 2020, EGO made their Power+ 56V cordless lawnmowers available in the market. EGO 56V batteries, which have a duration of up to 75 minutes, are used to power this mower. It also boasts several user-friendly features, including a self-propelled motor and variable speed control.

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Key Segments Profiled in the Powered Lawn Mowers Market Survey

By Material Type:

Steel
Polymer
Polypropylene

By Source of Power:

Gas-Powered
Electric-Powered
Battery-Powered

By Cutting Systems:

Reel Mowers
Rotary lawn mowers

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Asia Pacific Dental Market Set to Soar, Predicted to Reach US$ 18,235.6 Million at a 5.2% CAGR

The dental industry across the Asia Pacific region is expected to grow significantly and reach a market size of US$ 10,518.7 million in 2023. The Asia Pacific dental market is expected to grow at a respectable 5.2% Compound Annual Growth Rate (CAGR) during the course of the projected period. According to projections, the industry is expected to grow from US$ 11,139.8 million in 2024 to a significant US$ 18,235.6 million in 2034, indicating the region’s increasing demand for dental services and goods.

Dental health is essential to general wellbeing, and as Asia Pacific’s need for high-quality dental treatment rises, so does awareness of the value of oral cleanliness and appearance. The dental industry is seeing an increase in patient expectations and choices for everything from advanced treatments and cosmetic procedures to preventive services and routine check-ups.

The growing need for dental services is fueling the enormous growth of the dental business in the Asia Pacific area. The growing awareness of the significance of dental care and oral health is anticipated to drive demand for dental services and treatments, hence driving market expansion.

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There are multiple significant reasons for this outstanding expansion:

Economic prosperity: People in the Asia Pacific region are able to prioritize dental treatment due to rising levels of disposable money. People are more willing to invest in preventive and restorative dental operations as their financial means increase.
Growing awareness: There has been a steady rise in the general public’s understanding of the value of oral health. There is an increasing need for routine dental examinations and treatments as a result of knowledge about the connection between oral health and general wellbeing.
Population aging: The area’s fast expanding senior population offers the dental sector a sizable opportunity. People need more dental care as they become older in order to keep their teeth in good condition.

Key Takeaways:

The Asia Pacific dental industry reached a valuation of US$10.5 billion in 2023 and is projected to reach US$18.2 billion by 2034, reflecting a steady CAGR of 5.2%.
Rising disposable income, increasing awareness of oral health, and growing geriatric population are key drivers of market growth.
Expanding dental insurance coverage and a flourishing medical tourism industry are expected to further propel the market forward.

Competitive Landscape:

Product launch is set to be a powerful promotional strategy for leading companies, offering a multifaceted approach to showcasing its commitment to innovation, patient care, and scientific advancement.

To fulfill end-user demand, key companies invest in research & development to produce new products and increase their manufacturing capacity. To expand their presence, leading players are directed toward implementing growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

For instance

In April 2023, ZimVie Inc. introduced two new products to its biomaterials portfolio. One of the products is named RegenerOss® CC allograft particulate. It is a natural amalgamation of cortical and cancellous bone particles.
In May 2023, Philips, a global leader in health technology, announced the launch of the Philips CT 3500, a new high-throughput CT system targeting the needs of routine radiology and high-volume screening programs.

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Key Companies Profiled:

3M Company
Dentsply Sirona
ZimVie Inc.
Koninklijke Philips N.V.
Ultradent Products Inc.
STRAUMANN GROUP
Ivoclar Vivadent AG
Kerr Corporation
Colgate-Palmolive Company
Procter & Gamble
PLANMECA OY
Septodont Holding
BIOLASE, Inc.
Henry Schein, Inc.
Höganäs AB
Stratasys Ltd.

Asia Pacific Dental Industry Segmentation by Category:

By Product:

Equipment
- Dental Radiology Equipment
  - Extra Oral Radiology Equipment
  - Intra Oral Radiology Equipment
  - Cone Beam Computed Tomography (CBCT)
- Dental Lasers
  - Soft Tissue Laser
    - Gas Lasers
    - Diode Laser
  - All Tissue Laser
- Dental System
  - Dental Chairs
  - Hand Pieces
  - Light Cure Equipment
  - Scaling Units
  - CAD/CAM Systems
- Dental Instruments
  - Air Polishing Devices
  - Dental Scaler
  - Dental Burs
Consumables
- Orthodontics
  - Dental Braces
  - Molar Bands
  - Wires
  - Retainers
  - Other Orthodontics
- Endodontics
  - Permanent Sealers
  - Files
  - Obturation Devices
  - Other Endodontics
- Hygiene Maintenance Products
  - Sterilizers
  - Air Purification & Filters
  - Hypodermic Needle Incinerator
- Whitening
- Crowns & Bridges
- Implants
- Prosthetics
- Sealants
- Other Consumable

By Application:

Diagnostics
Surgical
Treatment

By End-user:

Hospitals
Dental Support Organizations (DSO)
Dental Clinics
Dental Laboratories

By Country:

China
Japan
South Korea
India
Philippines
Malaysia
Thailand
Indonesia
Singapore
Rest of South Asia

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About Future Market Insights (FMI)

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

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Flight Data Monitoring and Analysis Market Soars to New Heights: Surges to US$ 2.99 Billion by 2033

The Flight Data Monitoring and Analysis (FDMA) market, valued at US$ 1,265.7 million in 2022, is poised for significant growth, projected to expand at a CAGR of 8.5%. By 2033, it is anticipated to reach US$ 2,991.2 million, showing robust market dynamics.

Several factors are contributing to this growth, including the soaring need for situational awareness, a surge in aircraft deliveries, the exponential growth in data generated by the aviation sector, the proliferation of commercial aircraft, and the deployment of military aircraft for defense equipment transportation.

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Key Takeaways

The global FDMA market is set to reach US$ 2,991.2 million by 2033, with a CAGR of 8.5%.
Increasing demand for situational awareness and aircraft deliveries fuels market growth.
FDMA enhances air traffic control procedures and flight crew performance, contributing to safety.
Regional variations in FDMA adoption create opportunities and challenges for market players.
Efficient data management and security remain critical concerns for market advancement.

Drivers and Opportunities

The FDMA market’s growth is driven by its pivotal role in enhancing air traffic control procedures and flight crew performance. By proactively detecting operational flaws in aircraft operations, FDMA enables corrective and preventive measures to be taken, thereby mitigating the risk of major accidents. This technology is seamlessly integrated into the safety management systems of aircraft operators, ensuring enhanced safety and efficiency.

Notably, the perception and adoption of FDMA vary across different global regions, making regional trends a significant driver for the market. The collection of flight data generates substantial volumes of information, necessitating specialized analysis software. Manufacturers offer Flight Data Monitoring as a tailored service, encompassing data handling, validation, user-friendly reporting, and comprehensive evaluation details for operators.

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Competitive Landscape-Regional Trends

The competitive landscape of the FDMA market is shaped by regional nuances in the adoption of flight data monitoring and analysis solutions. Market players are focusing on customization to meet the diverse requirements of operators, including data handling, validation, and reporting. The ability to address regional variations in the perception and implementation of FDMA will be a critical factor for industry leaders striving to maintain a competitive edge.

Restraints

Despite the significant growth prospects, the FDMA market faces some constraints. The sheer volume of data generated necessitates efficient data management and analysis capabilities. Additionally, ensuring data security and privacy compliance remains a challenge, particularly in the context of sensitive military data. Overcoming these hurdles will be crucial for sustained market growth.

Region-wise Insights – Category-wise Insights

The adoption of FDMA technology varies across regions, with North America and Europe leading in terms of implementation. In contrast, Asia-Pacific is witnessing rapid growth, driven by increased aviation activities. By category, commercial aircraft represent the largest segment, owing to their extensive use in civil aviation. The military aircraft category is also on the rise, with the utilization of FDMA for defense equipment transport.

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Key Segments Covered in the Flight Data Monitoring and Analysis Market Study

By Aircraft Type:

Fixed Wing
Rotary Type

By End Use Vertical:

Civil
Military

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
South America

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Global Menopause Treatment Market Continues Upward Trajectory, Projected to Reach US$ 1,308.00 Million at a 5.6% CAGR

The global Menopause Treatment market is expected to grow significantly since women’s health is changing. The estimated worth of US$ 758.5 million in 2024, which was updated recently, shows the common pattern of factors influencing the demand for menopausal therapies. Sales of menopausal treatment goods could reach US$ 1,308.00 million by 2034 as these trends pick up steam and become more widely accepted. This would mean a consistent Compound Annual Growth Rate (CAGR) of 5.6% from 2024 to 2034.

A woman’s reproductive years come to an end with the normal biological process of menopause, which can cause a variety of symptoms and difficulties. The demand for menopause-related services is being driven by improvements in medical research and treatment choices, as well as a growing awareness of menopause-related disorders.

The global Menopause Treatment market is experiencing significant growth driven by a greater focus on individualized healthcare solutions and a deeper understanding of menopause symptoms. As women’s health becomes increasingly personalized, there is a notable movement toward customized treatment modalities to address the diverse obstacles and symptoms associated with menopause.

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Furthermore, a growing number of individuals are learning about the menopause and the diverse array of symptoms it may induce. Ultimately, this helps the market since it makes it possible for women to get the care and solutions they need to manage these symptoms. As more women become aware of the illness, the market for alternatives to menopause therapy is expected to expand.

Key Takeaways:

The global menopause treatment market is expected to reach US$1.31 billion by 2034, growing at a CAGR of 5.6% from its 2024 valuation of US$758.5 million.
Rising demand for personalized treatment options is a key growth driver, as women seek solutions tailored to their unique menopausal experiences.
Increased awareness of menopause and its symptoms is prompting more women to seek treatment, propelling market growth.

Competitive Analysis:

Several menopause treatment providers dominate the competitive landscape, propelling developments and determining the market shift. Renowned pharmaceutical companies such as Eli Lilly and Company, Merck KGaA, Novartis AG, Bayers AG, and Pfizer, Inc. are at the vanguard. These menopause treatment providers’ comprehensive expertise and resources make them essential for market growth.

The prominent menopause treatment vendors comprise Novo Nordisk, Ascend Therapeutics, Mylan N.V. [Viatris], Cipla, Inc., and Glenmark Pharmaceuticals Ltd., each bringing their diverse strengths and product portfolio. Emerging menopause treatment creators like MenoGeniX, Perrigo Pharma International D.A.C., Ausio Pharmaceuticals, LLC, EndoCeutics, Inc., and Radius Health, Inc. bring innovation and modernization to the competitive landscape.

Top Menopause Treatment Providers:

Eli Lilly and Company
Merck KGaA
Novartis AG
Bayers AG
Pfizer, Inc.
Novo Nordisk
Ascend Therapeutics
Mylan N.V. [Viatris]
Cipla, Inc.
Glenmark Pharmaceuticals Ltd.
MenoGeniX
Perrigo Pharma International D.A.C.
Ausio Pharmaceuticals, LLC
EndoCeutics, Inc.
Radius Health, Inc.

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Key Segments

By Product:

Hormone Therapy
- Combination
- Tibolone
- Progestin-only Medicines
- Estrogen-only Medicines
Non-Hormonal Therapy
- Gabapentinoids
- Serotonin-norepinephrine Reuptake Inhibitors (SNRI)
- Selective Serotonin Reuptake Inhibitors (SSRI)
- Others

By Route of Administration:

Topical
Injectable
Oral

By Distribution Channel:

Institutional Sales
- Hospitals
- Specialty Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
- Supermarkets/ Hypermarkets
Online Sales

By Region:

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

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T: +1-845-579-5705

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Global Freeze Drying Market Growth, Expected to Surpass Reach US$ 2,881.55 Million at a 8.6% CAGR

The global Freeze Drying market is expected to increase at a Compound Annual Growth Rate (CAGR) of 8.6% from 2024 to 2034, indicating significant growth in the near future. This prediction emphasizes how superior preservation technologies are becoming more and more in demand across a range of industries, spurring efficiency and innovation in product transport and storage.

The market for freeze drying is anticipated to reach a valuation of US$ 1,262.78 million in 2024, which will represent a significant turning point in the development of freeze drying technology. The market is expected to reach a remarkable value of US$ 2,881.55 million by 2034, indicating the increasing utilisation of freeze drying solutions in various industries such as biotechnology, food and beverage, and pharmaceuticals.

The food processing and pharmaceutical industries are growing, which is driving a major increase in the use of freeze drying, a method for preserving perishable items. Demand for freeze-dried goods is being driven by the market’s many advantages, which include increased desiccant drying and air-drying efficiency.

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Key Takeaways:

The global freeze drying market is estimated at US$1.26 billion in 2024 and is projected to reach US$2.88 billion by 2034, growing at a robust CAGR of 8.6%.
The expanding food processing and pharmaceutical industries are key drivers of market growth.
Rising awareness of freeze drying’s advantages, such as superior drying efficiency and product preservation, is fueling demand.

Competitive Analysis

The market for food freeze-drying machines has a competitive landscape with multiple freeze-drying manufacturers driving innovation and technological advancement. Leading providers of freeze drying exhibit creativity and innovation in a variety of technologies. Azbil Corporation, Zirbus Technology GmbH, and HOF Sonderanlagenbau GmbH all exhibit dependability and creative problem-solving.

The unique advantages of Cryotec.Fr, MechaTech Systems Ltd., and Millrock Technology, Inc. improve the competitive environment and drive the development of freeze-drying technology. Cuddon Freeze Dry, Martin Christ Gefriertrocknungsanlagen GmbH, and SP Industries, Inc. have a significant impact on the freeze drying market dynamics with their state-of-the-art lyophilized goods.

Pivotal Freeze Drying Providers:

Azbil Corporation
Zirbus Technology GmbH
HOF Sonderanlagenbau GmbH
Millrock Technology, Inc.
Cryotec.Fr
MechaTech Systems Ltd.
SP Industries, Inc.
Martin Christ Gefriertrocknungsanlagen GmbH
Cuddon Freeze Dry
Neologic Engineers Private Limited
Labconco Corporation
BÜCHI Labortechnik AG
Yamato Scientific America Inc.
Freeze Drying Systems Ltd.
Freeze Drying Systems Pvt. Ltd.
IMA – Industria Macchine Automatiche S.p.A.
GEA Group

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Key Segments

By Product:

Dryer
- Tray-style dryers
- Rotary Freeze Dryers
- Manifold Freeze Dryers
Accessories
- Drying Chamber
- Vacuum System
- CIP (Clean-in-place) Systems
- Other Accessories

By Scale of Operations:

Pilot-scale
Laboratory-scale
Industrial-scale

By Distribution Channel:

Biopharmaceutical Companies
Food and Beverage Companies
Academic and Research Institutes
CRO and CMO
Hospitals
Research Laboratories

By Region:

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

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Global Drug Formulation Market Set to Soar, Predicted to Reach US$ 2.87 Trillion at a 5.6% CAGR

The global Drug Formulation market According to forecasts, throughout the forecast period from 2022 to 2032, the demand for drug formulation is anticipated to grow at a strong Compound Annual Growth Rate (CAGR) of 5.6%. By 2022, the drug formulations industry is expected to reach an astounding worth of US$ 1.58 trillion, underscoring the crucial role that formulation science plays in the provision of healthcare.

Oral formulations become a significant growth driver in the context of changing healthcare needs and therapeutic developments; forecasts indicate an exponential rise in this market with a compound annual growth rate (CAGR) of 6.0% over the projected period. Oral formulations comprise a broad spectrum of pharmaceutical items, such as tablets, capsules, liquids, and powders, that provide patients with practical and efficacious treatment alternatives for a myriad of medical ailments.

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In the pharmaceutical business, the global drug formulation market is essential because it makes it easier to convert active pharmaceutical ingredients (APIs) into formed medications that are fit for human consumption. The anticipated growth is a result of improvements in medication formulation technology as well as the rising demand for pharmaceutical products.

Key Takeaways:

The global drug formulation market is expected to reach US$2.87 trillion by 2032, growing at a CAGR of 5.6%.
Oral formulations are projected to experience the fastest growth, with a CAGR of 6.0% during the forecast period.
Rising demand for innovative drug delivery systems and growing healthcare needs worldwide are key drivers.

Competitive Landscape:

In the medication formulation industry, major players are employing methods such as advanced product launches through approvals and mergers and acquisitions. The major businesses are concentrating on working with the research institutes to gain a competitive edge in the marketplace.

A definitive merger agreement between Bristol Myers Squibb and Turning Point Therapeutics was signed on June 20, 2022. This acquisition will expand BMS’s selection of oncology drugs because Turning Point Therapeutics is a precision oncology company that is still in the clinical development stage.
AstraZeneca introduced The Evusheld long-acting antibody combo to the public on March 20, 2022. For the pre-exposure prophylaxis (prevention) of COVID-19 in a sizable population, it has received authorization in Europe.

Key Companies Profiled:

AstraZeneca plc.
Bristol-Myers Squibb
Eli Lilly and Company
Gilead Sciences, Inc.
Merck & Co., Inc.
Novartis AG
Pfizer Inc.
AbbVie Inc.
Boehringer Ingelheim International GmbH
F. Hoffmann-La Roche AG
Johnson & Johnson
3M Company
Bayer AG
Teva Pharmaceuticals Industries Ltd.
Amgen, Inc.
Sanofi SA
GlaxoSmithKline plc
Boston Scientific Corporation
Gerresheimer AG
Nimbus Therapeutics
Antares Pharma, Inc.
IDEAYA Biosciences, Inc.

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Key Market Segments Covered in Drug Formulation Industry Research:

By Dosage Form:

Oral formulations
- Tablets
  - Immediate Release
  - Modified Release
  - Chewable
  - Effervescent
- Capsules
  - Hard Gelatin Capsules
  - Softgel Capsules
  - Others
- Powders & Granules
- Lozenges & Pastilles
- Gummies
- Others
Parenteral formulations
- Solutions
- Suspensions
- Emulsions for injection or infusion
- Powders for injection or infusion
- Gels for injection implants
Topical formulations
- Pastes
- Ointments and oils
- Creams, lotions, and foams.
- Gels, tinctures, and powders
- Sprays and patches
Inhalation formulations
- Pressurized Metered Dose Inhaler
- Dry Powder Inhaler (DPI)
- Nebulizer

By Indication:

Infectious Diseases
Cancer
Cardiovascular Diseases
Diabetes
Respiratory Diseases
Central Nervous System Disorders
Autoimmune Diseases
Gastrointestinal Diseases
Musculoskeletal Disorders
Dermatological Disorders
Other

By End User:

Big pharma
Small & Medium Size Pharma
Biotech Companies

By Region:

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

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Global Power Management System Market Thrives with a 5.9% YoY Growth, Anticipating US$ 6,880.9 Million Valuation by 2033

In 2023, power management system sales are projected to reach a global total of around US$ 3,618.7 million. The market for power management systems will grow at a 6.6% annual rate over the next 10 years. By the end of 2033, the total market valuation is projected to be US$ 6,880.9 million.

The growing demand for energy conservation and the speed of industrialization are driving growth in the power management systems market. Demand will also be fueled by the implementation of smart grid technology and rising renewable energy use.

The market for power management systems is expanding due in part to the widespread use of IoT and AI technologies.

Governments are implementing policies and regulations to promote the adoption of energy-efficient technologies and to reduce carbon emissions. This will continue to fuel power management system sales.

Growing number of industries and commercial projects that require efficient power management systems to ensure uninterrupted power supply will elevate demand.

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Power management systems are widely used in utilities, followed by data centers. The utilities segment is one of the key users of power management systems. It is likely to hold more than one fourth of the market value share.

Demand for power management systems in data centers will rise at a healthy pace owing to rise in cloud computing and increasing demand for data storage and processing.

Key Takeaways from Power Management System Market Study

The worldwide market for power management systems will reach a valuation of US$ 6,880.9 million by 2033.
Global sales of power management systems are likely to soar at a CAGR of 6.6% through 2033.
By module, power monitoring and control segment is set to hold a dominant share of around 50.2% in 2023.
Based on end use, the utilities segment will dominate the market by creating an incremental opportunity of nearly US$ 790.3 million from 2023 to 2033.
Power management system demand across India will increase at 9.0% CAGR through 2033.
The United States power management system industry is forecast to expand at 5.5% CAGR.

The ever-expanding industries such as marine, chemical, and so on, are expected to boost the power management system market over the forecast period. This is true for both, developed as well as developing countries. Research suggests that manufacturers will find significant opportunity in shifting their production priorities towards custom-built products to meet changing industrial demands.” – says a Future Market Insights (FMI) analyst.

Competitive Landscape

The power management system market is moderately consolidated with few global players acquiring around 38% to 42% of the market shares. To improve their market presence, these players are making investments in new technological advancements and expanding their distribution networks.

Few of the leading manufacturers and suppliers of power management systems include ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation PLC, Rockwell Automation, Mitsubishi Electric, General Electric, Honeywell Corporation, and Fuji Electric, among others.

A few recent developments are:

In July 2021, Mitsubishi Electric announced that it has developed a new power module that is designed to offer improved efficiency and reliability for electric and hybrid vehicles.
In June 2021, Delta Electronics announced that it has launched a new range of modular UPS systems that are designed to offer improved energy efficiency and reliability.

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Find More Valuable Insights

The research report analyzes the demand for power management systems. The global power management system market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.

As per Future Market Insights (FMI), the market has been analyzed based on type, module, end use, and region. The report provides qualitative and quantitative information on various players in this market. It also tracks the market by both supply-side and demand factors.

Global Power Management System Market by Category

By Type:

Software
Hardware
Services

By Module:

Power Monitoring and Control
Load Shedding and Management
Power Simulator
Generator Control
Energy Cost Accounting
Switching and Safety Management
Others

By End Use:

Marine
Petroleum Refinery
Data Centers
Chemical Industry
Utilities
Paper and Pulp
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
Central Asia
Russia and Belarus
Balkan and Baltic Countries
South Asia and Pacific
Middle East and Africa

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Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Thoracolumbar Stabilization Devices Industry Poised for Consistent Growth at a 5.5% CAGR, Reaching US$2.07 Billion by 2033 | FMI

The Global Thoracolumbar Stabilization Devices Industry is on track for a significant surge, driven by rising demand and advancements in technology, according to a recent analysis by Future Market Insights (FMI), a leading market research firm. The market is projected to climb from US$1,206.7 million in 2023 to a staggering US$2,066.2 million by 2033. This phenomenal growth trajectory translates into a robust Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period.

The increasing demand for thoracolumbar stabilization devices, which emphasizes their rising relevance in managing spinal instability, marks a paradigm change in the field of spinal healthcare. With significant momentum, these devices are becoming a serious contender to replace conventional spinal fusion techniques.

In contrast to fusion methods that eliminate all movement, thoracolumbar stabilization devices preserve a degree of spine mobility, striking a delicate balance between stability and flexibility. Beyond contributing to straightening the spine’s curve, these devices provide substantial support to the thoracic spine. This transformative advancement in spinal healthcare represents a significant milestone for the industry, aligning with the evolving needs and preferences of patients seeking effective and flexible solutions.

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Global Thoracolumbar Stabilization Devices Industry: Drivers and Restraints

The rising occurrence of spine injuries and fractures is likely to increase the market for Thoracolumbar Stabilisation Devices. The growing demand for non-invasive surgical techniques is also projected to propel the Thoracolumbar Stabilisation Devices market forward. The rising prevalence of spine abnormalities among the elderly is also likely to drive the market for Thoracolumbar Stabilisation Devices.

The high initial cost of these devices may limit the market expansion of Thoracolumbar Stabilisation Devices.

Global Thoracolumbar Stabilization Devices Industry: Overview

The market for Thoracolumbar Stabilisation Devices is predicted to expand significantly throughout the forecast period. Spinal injury and chronic back pain are among the most common disorders, and their increasing prevalence is likely to fuel the growth of the Global Thoracolumbar Stabilization Devices Industry.

Titanium gadgets are predicted to be the greatest revenue-generating market due to their lightweight and active character. Because all surgical stabilization of the thoracolumbar region begins with the posterior implant, posterior Thoracolumbar Stabilisation Devices are expected to generate more revenue than anterior devices.

The market for Thoracolumbar Stabilisation Devices is predicted to increase steadily due to cost-effectiveness and better disease management when compared to analgesics. These devices are available in several shapes and sizes, allowing users to select from a wide range of alternatives, which is likely to boost the revenue of the Thoracolumbar Stabilisation Devices market.

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Thoracolumbar Stabilization Devices Industry: Region-Wise Outlook

Geographically, the Global Thoracolumbar Stabilization Devices Industry can be segmented into the regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. North America is the biggest and most attractive market for thoracolumbar stabilization devices due to the presence of major players, awareness among people, better healthcare infrastructure, and reimbursement policies.

Followed by which is Europe. Asia Pacific region is expected to be fastest fastest-growing Global Thoracolumbar Stabilization Devices Industry due to the large patient pool, increasing healthcare infrastructure, and awareness among people.

Global Thoracolumbar Stabilization Devices Industry: Key Players

Some of the market participants in the Global Thoracolumbar Stabilization Devices Industry are, B. Braun Melsungen AG, Zimmer, Inc., Coligne AG, Yellowsteps SAS, Medyssey Co. Ltd., DePuy Synthes Company, Aesculap Implant Systems, LLC, Ulrich Medical, Medtronic Public Limited Company and Stryker. Companies are focusing on the advancement of devices and the development of minimally invasive screws and roads.

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, applications, and grades.

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Key Segments Profiled in the Global Thoracolumbar Stabilization Devices Industry Survey

By Device Type:

Anterior Stabilization Device
Posterior Stabilization Device
Retractors

By Material:

Titanium
Stainless Steel

By End Use:

Hospitals
Clinics
Ambulatory Surgical Centers

Author

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

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

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

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Global Data Center Power Management Market Forecasts Exponential Growth, Projected to Reach US$ 39.98 Billion by 2033

The global Data Center Power Management Market is poised for exceptional growth, with a predicted valuation of US$ 20,260.5 million in 2023, projected to surge to US$ 39,978.8 million by 2033. This market is set to achieve a remarkable CAGR of 7% during the forecast period, 2023 to 2033.

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Key Takeaways:

The Data Center Power Management Market is set to grow at a substantial CAGR of 7% from 2023 to 2033.
Manufacturers are innovating advanced power control systems to reduce energy consumption and enhance overall efficiency in data centers.
The proliferation of smart devices and technologies like 5G and IoT is driving exponential growth in mobile data, increasing the demand for data centers.
Regional adaptation and customization are pivotal in navigating the competitive landscape of this evolving market.
While promising, the market faces challenges related to high initial investments and integration complexities, emphasizing the need for scalable and flexible solutions.

Drivers and Opportunities:
Data center power management plays a pivotal role in measuring, managing, and monitoring power consumption, offering a means to enhance profitability while reducing operating expenses. It provides data centers with the tools to control their Power Usage Effectiveness (PUE) and overall efficiency. Notably, manufacturers are innovating advanced power control systems, including smart Uninterruptible Power Supplies (UPS), battery monitoring devices, and rack Power Distribution Units (PDUs) to curtail energy consumption.

With the burgeoning demand for data-intensive businesses, there has been a surge in the PUE ratio, greenhouse gas emissions, and global data center capacity. To address these challenges, industry players are strategically deploying smart UPS, intelligent rack PDUs, and power generators to lower the PUE ratio and elevate power efficiency.

Furthermore, manufacturers are actively developing sophisticated solutions tailored to the specific power needs of data center operators, poised to fuel market growth over the forecast period. The exponential growth of smart devices and the consequent explosion in mobile data, driven by technologies such as 5G, the Internet of Things (IoT), and connected systems, is expected to be a significant catalyst. In 2023, global mobile data traffic is projected to exceed 600 Exabytes annually, further intensifying the demand for data centers responsible for managing and processing this data.

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Competitive Landscape – Regional Trends:
As the Data Center Power Management Market evolves, it witnesses dynamic regional trends. Market leaders are adapting their strategies to cater to the specific needs and preferences of diverse regions. These adaptations encompass customizing power management solutions to address regional challenges, regulatory variations, and energy availability. By closely aligning with regional dynamics, key market players are poised to secure a competitive edge and capitalize on emerging opportunities.

Restraints:
While the Data Center Power Management Market shows immense promise, it is not without its challenges. Factors such as the high initial investment required for advanced power management solutions and the complexity of integrating these systems into existing infrastructure pose hurdles for market growth. Additionally, the market faces the ongoing challenge of ensuring scalability and flexibility to accommodate the evolving demands of data-intensive industries.

Region-wise Insights – Category-wise Insights:
The Data Center Power Management Market exhibits nuanced dynamics across regions and industry categories. Geographical nuances and industry-specific requirements significantly impact the adoption and evolution of power management solutions. In-depth insights into regional preferences and category-specific demands are essential for businesses to tailor their strategies effectively and capture lucrative opportunities.

Data Center Power Management Market Segmentation

By Component:

Hardware
DCIM (Data Center Infrastructure Management) Software
Services

By Data Center Type:

Modular Data Centers
Colocation Data Centers
Cloud Data Centers
Edge Data Centers
Hyperscale Data Centers
Micro Mobile Data Centers

By Data Center Tier:

Tier-1 Data Centers
Tier-2 Data Centers
Tier-3 Data Centers
Tier-4 Data Centers

By Installation Type:

New Installation
Retrofit/Upgrade

By End-user:

Cloud Providers
Colocation Providers
Enterprise Data Centers
Hyperscale Data Centers

By Industry:

BFSI
Healthcare
Manufacturing
IT & Telecom
Media & Entertainment
Retail
Government
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Author:

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Nandini Singh Sawlani

Global Robotic Biopsy Devices Industry Poised for Explosive Growth at 9.3% CAGR, Reaching Nearly US$1.1 Billion by 2033 | FMI

The Global Robotic Biopsy Devices Industry is on track for a remarkable surge, fueled by advancements in technology and a growing need for accurate diagnoses. According to recent data, the market reached a valuation of US$440.2 million in 2023. Looking ahead, it is projected to climb at a robust Compound Annual Growth Rate (CAGR) of 9.3% over the forecast period. By 2033, the market is expected to reach a staggering US$1.1 billion, reflecting a significant rise in the adoption of these innovative medical tools.

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The market for Robotic Biopsy Devices is anticipated to grow at a fast pace over the projected years due to the rising need for safe and effective minimally invasive procedures and the growing use of automated systems in the healthcare sector. It can be further attributed to the rapid transformation of conventional healthcare systems to integrated digital technology.

Key Takeaways: Global Robotic Biopsy Devices Industry

By product, the systems segment is expected to showcase high growth at a CAGR of 4% by the end of 2032.
By application, the brain biopsy category is leading the Global Robotic Biopsy Devices Industry and is projected to exhibit a CAGR of 3% during the forecast period.
By end user, hospitals held around 5% of the Global Robotic Biopsy Devices Industry share in 2021.
The U.S. currently dominates the North America Robotic Biopsy Devices market and it generated a share of about 8% in 2021.
The U.K. is set to hold a share of nearly 2% in the Global Robotic Biopsy Devices Industry during the assessment period.

“Increasing use of automated technologies for surgical procedures and growing global burden of chronic diseases are expected to drive sales of Robotic Biopsy Devices,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

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Competition Landscape: Global Robotic Biopsy Devices Industry

The market for Robotic Biopsy Devices is oligopolistic, with the presence of a few established manufacturers. The product range of every player in the market varies as per the competitors’ licensed novel devices with unique applications. Key players are striving to gain regulatory authorizations for creating new medical devices, generating high product sales, and initiating marketing purposes.

In October 2021, Medtronic reported that the Hugo robotic-assisted surgery (RAS) system had been granted the CE (Conformité Européenne) Mark, allowing for sales of the system across Europe.

Key Players

Medtronic
Renishaw plc
iSYS Medizintechnik GmbH
Mazor Robotics
Biobot Surgical Pte Ltd
Medrobotics
Medtech SA

What Does the Global Robotic Biopsy Devices Industry Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Global Robotic Biopsy Devices Industry in its latest study, presenting a historical demand assessment of 2012 to 2021 and projections for 2022 to 2032.

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Global Robotic Biopsy Devices Industry Outlook by Category

By Product:

Systems
Instrument & Accessories

By Application:

Brain Biopsy
Lung Biopsy
Prostate biopsy
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Academic & Research Institutes

Author

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani