Teleradiology Services Market Analysis by Type, Application, Growth, Demand, Status, and Forecast 2026

The global teleradiology services market is estimated to reach a market valuation of US$ 1,971.4 Mn by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026). The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis.

Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry.

The report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better view of the competitive landscape. It also provides details about the organic and inorganic business approaches undertaken by the key companies in the Teleradiology Services market to offer a holistic overview of the business landscape to the reader. It further covers all the relevant aspects of the market to help readers capitalize on the emerging growth opportunities and gain maximum returns on the investments.

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Key Highlights From The Report

  • The Hospitals & clinics segment dominated the market with a share of 54.6% in 2019 due to the growing adoption of teleradiology services by the hospitals & Clinics. Due to the pandemic, there is a shortage of radiologists, which have led to the increasing adoption of diagnostic imaging procedures in order to maintain workflow and increase efficiency.
  • The software segment is expected to experience the highest CAGR over the forecast period due to the growing demand for healthcare software to increase data transparency and improve patient outcomes.
  • Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing initiatives of the government to modernize the healthcare infrastructure and growing investments on the R & D for the production of advanced solutions.
  • Key participants include Philips Healthcare, Teleradiology Solutions, USRAD Holdings, Inc., Everlight Radiology, MEDNAX, Inc., ONRAD, Inc., AGFA Healthcare, RAMSOFT, Inc., Telediagnostic Solutions PVT. LTD. and CARESTREAM HEALTH, Inc., among others.

Market segmentation

By Process Type:

  • Certified Reporting Services Process
  • Preliminary Reporting

By Service Type:

  • Emergency Nighthawk
  • Day Time Coverage
  • Subspecialty Reading
    • Cardiac imaging
    • Neuroradiology
    • Nuclear scans
    • Musculoskeletal studies
  • Second Opinion
  • Clinical Trails

By Modality:

  • X-Ray Scans
  • Computerised Tomograph (CT) Scans
  • MRI Scans
  • Ultrasound Scans
  • Nuclear Scans
  • Cardiac Echo
  • Mammography
  • Electromammography

By End User:

  • Hospital Pharmacies
  • Clinics
  • Ambulatory Surgical Centres
  • Radiology Centres

By Region:

  • US
  • OUS (International)
    • Latin America
    • EU5
    • Rest of Europe
    • Japan
    • Asia Pacific Excluding Japan
    • Rest of the World

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Table of Content

  1. Teleradiology Services Market – Executive Summary
  2. Teleradiology Services Market Introduction

2.1. Teleradiology Services Market Definition

2.2. Teleradiology Services Market Taxonomy

  1. Teleradiology Services Market Analysis Scenario

3.1. Market Size (US$ Mn) Forecast

3.2. India Animal Healthcare Market Definition

3.2.1. Market Size and Y-o-Y Growth

3.2.2. Absolute $ Opportunity

3.3. Teleradiology Services Market Overview

3.3.1. Value Chain

3.3.2. List of Active Participants

3.3.2.1. Service Providers

3.3.2.2. End Users

  1. Teleradiology Services Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.2.1. Supply Side

4.2.2. Demand Side

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors – Relevance and Impact

continued…!

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Contrast Media Injectors Market will Record Massive Growth, Trend Analysis and Forecast till 2030

FMI, an ESOMAR-certified market research firm, estimates global contrast media injectors market revenues to reach US$ 1.5 Bn in 2022. In its new study, FMI takes a long-term optimistic view of the market, estimating global revenues to grow at 6.2% CAGR through 2030. The report opines that AI’s growing penetration in the healthcare sector will also rub off on contrast media injectors industry during the next decade.

Key Takeaways of Contrast Media Injectors Market Study

  • North America is expected to be the most lucrative region and account for more than 32% of revenue in the global contrast media injectors in 2022 and this trend is expected to continue during the forecast period
  • Larger patient pool and increasing government support towards developing healthcare system in Asian countries are expected to propel the growth of the contrast media injectors market in the region
  • AI is expected to speed up the process of injecting contrast media in the forecast period
  • Increasing applications in orthopedic surgeries and neurosurgeries to bolster the market in the forecast period

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New Product Launches and Approval – The Ongoing Trend

The market players are into getting their new products launched as well as approved to stay in the competition and also keep pace with the market scenario (that of continuing to innovate). The constructive steps in this regard are:

  • In Apr 2022, Guerbet announced getting approved by the US FDA for manufacturing gadoterate meglumine (Dotarem) injection inside the US. Till late 2019, this production used to happen outside of the US.
  • In Nov 2021, the US FDA approved an MRI contrast agent “Clariscan” for intravenous use in spine, brain (intracranial), and associated tissues.
  • In Aug 2021, Bracco Diagnostics, Inc. announced getting approved by the US FDA for oral suspension of barium sulfate (Varibar Thin Liquid). The basic use of this contrast agent is detection and assessment of dysphagia.

What else is in the report?

Future market insights offer actionable insights and unique perspective on contrast media injectors market in its latest study, presenting historical demand assessment from 2014 – 2021 and projections from 2022–2030 based on product type (angiographic injectors, magnetic resonance imaging (MRI) injectors, computed tomography (CT) injectors), by end-user (hospital, ambulatory surgical centres, diagnostics centres) in seven key regions

Competitive Landscape

Companies operating in the contrast media injectors market are competitive by nature, with a presence of few players. These players are involved in a number of strategic alliances.

The contrast media injector’s market players are trying out every possible mode of organic/inorganic growth to sustain themselves in the market. The product launch and acquisition accelerates the manufacturer’s strategy to capitalize on the market share and capture the significant share of market.

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
    • Detailed insights of market segments and sub-segments for historical as well as forecast period
    • A competitive analysis of prominent players and emerging players in the keyword market
    • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Automotive Gas Charged Shock Absorbers Market Demand, Scope and Future Estimation until 2031

The global market for automotive gas charged shock absorbers – standing at an approximate valuation of US$ 2.9 Billion in 2021 in terms of revenue sales, is likely to observe a robust annual growth rate over the next few years. Expanding at a CAGR of approximately 5%, the global automotive gas charged shock absorbers market is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end.

The automotive gas charged shock absorbers market worth will reach US$ 2.9 Bn in 2021, as per Future Market Insights (FMI) analysis. FMI projects sales of automotive gas charged shock absorbers to grow at overall compound annual growth rate (CAGR) of 5.0% between 2021 and 2031.

Explaining the market dynamics, a senior research analyst at Future Market Insights, elaborates, “Driver’s safety and driving comfort are the two major factors favouring automotive gas charged shock absorbers demand, globally.

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An important part of a vehicle’s suspension, automotive gas charged shock absorbers reduces the effect of travelling in rough terrains, by controlling excessive suspension movements providing a much firmer ride. Ride and handling performance of a vehicle will remain the top influencers in consumer buying decisions, with demand being significantly high in region with poor road conditions”.

Explaining further, the analyst explains, “All vehicles, whether passenger cars to heavy duty trucks, are being increasingly equipped with damping control technology, ensuring improved on-road performance along with protecting critical vehicular components against premature wear and failure.

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Technologically Advanced Electronic and Monotube Variants to Take Over Conventional Shock Absorbers

Compared to the twin-tube design, a monotube shock absorbers are being increasingly preferred owing to its design that further prevents any aeration and cavitation from occurring. Considered ideal for luxury sedans, SUV rear axles, and sports car applications, monotube shock absorbers offers faster damping reaction and prompt responses to changing road conditions, as a result of continuous pressure exerted on the oil, by the gas.

M&A Remains a Preferred Forward Market Strategy

FMI anticipates strategic mergers and acquisitions to remain a critical expansion strategy among manufactures of automotive gas charged shock absorbers, creating a substantial opportunity for the shock absorber market. Some key developments include:

  • Recently, Samvardhana Motherson Group (SMG) entered in a partnership with MS Global India Pvt. Ltd., engaged in the manufacturing of pressed sheet metal and frames for chassis used in commercial vehicles. This partnership is aimed at business expansion in the automotive vehicle components sector. During the same fiscal year, the company established a shock absorber manufacturing company, Magnetti Marelli Shock Absorbers India Pvt. Ltd., to supply shock absorbers for automotive vehicles.
  • In 2018, Tenneco Inc. offered Continuously Variable Semi-Active (CVSA2) suspension technology for SUVs of Mercedes-Benz G-Class. The aim for this product launch was to enrich its market share in the SUV vehicle segment.

FMI Offers Segmentation Analysis of Automotive Gas Charged Shock Absorbers

  • Europe, is anticipated to remain the most lucrative region as the automotive parts and accessories industry continues to remain strong in the region, on account of positive sentiment and perception towards European parts and component. Moreover, intense transition towards EVs and ADAS, collaboration with tech companies, and increasing investment in R&D are likely to be the key trends in the Europe automotive gas charged shock absorbers market.
  • Automotive gas charged shock absorbers market in India and SEAP is anticipated to grow at a notable growth rate during the forecast period
  • Sales of automotive gas charged shock absorbers through OEM channel is anticipated to represent a market share of nearly 45 percent, through the forecast period of 2018 to 2027, growing at US$ 181.9 Mn annually.
  • Revenue from aftermarket automotive gas charged shock absorbers segment is anticipated to increase at moderate CAGR, valued a little over US$ 208 Mn by 2027.

Automotive Gas Charged Shock Absorbers Market: Segmentation

Sales Channel:

  • OEM
  • Aftermarket

Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

Design Type:

  • Twin
  • Mono

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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Key Points Covered In Automotive Gas Charged Shock Absorbers Market Research

  • Market Estimates And Forecast 2021 – 2031
  • Key drivers and restraints impacting the market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on automotive Gas Charged Shock Absorbers Market And How to Navigate
  • Recommendations on Key Winning Strategies

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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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Cat Toys Market Size is Forecasted to be Appraised at US$ 1,753 Million by 2032

The global cat toys market size is forecasted to be appraised at US$ 1,753 Mn by 2032, up from US$ 951 Mn in 2022, advancing at a CAGR of 6.3% during the forecast period.

Cat toys are an important purchase for cat owners since most cats are solitary pets that need constructive distractions. Cats are also unique among pets in that they require toys as kittens as well as in their adulthood to keep them occupied and self-entertained.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Cat Toys market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

The experts at the forefront of the industry have focused on the various factors that are shaping the growth of the Cat Toys industry. Through their in-depth analysis, the researchers were able to identify the growth prospects of the industry.

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COVID-19 Impact Analysis on Cat Toys Market :
The outbreak of COVID-19 has affected various industries, such as the packaging industry. The demand for non-essential items has also declined. Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Cat Toys market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The report essentially evaluates the significant presence of the global Cat Toys market across the world’s major regions. The global Cat Toys market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Cat Toys market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.

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Table of Contents: Cat Toys Market
* Cat Toys Market Overview
* Global Economic Impact on Industry
* Global Market Competition by Manufacturers
* Global Production, Revenue (Value) by Region
* Global Supply (Production), Consumption, Export, Import by Regions
* Global Production, Revenue (Value), Price Trend by Type
* Global Market Analysis by Application
* Manufacturing Cost Analysis
* Industrial Chain, Sourcing Strategy and Downstream Buyers
* Marketing Strategy Analysis, Distributors/Traders
* Market Effect Factors Analysis
* Global Cat Toys Market Forecast

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Cat Toys Market: Segmentation
Valuable information covered in the FMI’s Cat Toys market report has been segregated into key segments and sub-segments.
By Product
• Cat Ball Toy
• Sponge Ball
• Feeder Ball
• Fuzzy & Furry Ball

By Material Type
• Edible Toys
• Non-Edible Toys

By Distribution Channel
• Hypermarkets/ Supermarkets
• Pet Stores
• Online Retail
• Others

Cat Toys Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Cat Toys market. Competitive information detailed in the Cat Toys market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Cat Toys market report.
Key players covered in the report include:
• Catit
• Our Pets
• Petstages
• Pusheen
• KONG
• Petmate

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Rail Gangways Market Key Opportunity, Analysis, Growth, Trends 2028

Future Market Insights delivers key insights into the global rail gangways market and procures key information through structured market research. The report titled “Rail Gangways Market: Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022 – 2028” highlights the historic and upcoming trends across the globe. As per the report insights, the market is anticipated to witness growing demand for rail gangways from the on-going rail infrastructure development along with the new construction of metro rails over the coming years. Rising need for rail gangways in the developing countries is estimated to fuel the global rail gangways market.

The developing high-speed rail network and an expanding fleet of metro trains are the key factors driving the worldwide rail gangways industry. Between 2022 and 2028, the global market is projected to grow at a CAGR of 5.1%.

In terms of revenue, Western Europe is anticipated to rule the global rail gangways market in 2022, predicts Future Market Insights (FMI). Over the forecast period, demand in Western Europe is anticipated to grow at a CAGR of 4.6 percent by volume.

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Global Rail Gangways Market Dynamics     

Across the globe, rising investments for railways development and upcoming metro rail projects will act as a catalyst for the overall growth of the rail gangways market during the period of 2018-2028. Moreover, increasing development of rail activities in developing regions, such as China and SEA & pacific, are estimated to fuel the growth of the rail gangways market over the forecast period.

Additionally, increase in the rolling stock is estimated to create lucrative growth opportunities for the suppliers of rail gangways over the forecast period. The increasing inclination of the consumers towards economical public transport via trains and metros is projected to fuel the demand for rail components such as the rail gangways over the forthcoming years in the global market. One of the prominent challenges faced by the rail gangways market is rising attractiveness of air transport coupled with the growth of automobiles for long and short trips.

Global Rail Gangways Market Forecast

The global rail gangways market insights suggest that the market is estimated to witness substantial growth during the forecast period

In terms of sales, China is estimated to account for major share in the global rail gangways market during the period of 2022-2028. In terms of market value share, Western Europe followed by China, is estimated to dominate the global rail gangways market. Furthermore, South East Asia & Pacific is estimated to create incremental $ opportunity around US$ 30.6 Mn in the global rail gangways market during the forecast period. Moreover, Japan and Latin America, is expected to grow at above average growth rate in the global rail gangways market over the forecast period.

On the basis of product type, the two piece gangways segment is estimated to account for a value of US$ 312.5 Mn by 2018 end. However, the single piece gangways segment is projected to account for a minor share of 30% of the market unit sales in the global rail gangways market during the forecast period.

By material type, the aluminum segment is projected to dominate the global rail gangways market. In terms of volume, the demand from aluminum segment is projected to be pegged at 206,747 Units by the end of 2028. Moreover, the steel material type segment is estimated to create incremental $ opportunity worth US$ 85.0 Mn in the global rail gangways market over the forecast period. The composite segment is expected to grow with remarkable growth rate in the global rail gangways market.

By train type, presently the passenger train segment is estimated to dominate the global market. However, with the rise in technology and innovation this passenger train segment will eventually lose its share to the high speed train segment by 2028. The high speed train segment is estimated to project a prominent incremental $ opportunity of US$ 52.2 Mn which represent around 22% in the global rail gangways market. The passenger train segment is estimated to be valued at US$ 340.9 by 2028 end in the global rail gangways market.

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Rail Gangways Market: Segmentation

Product Type

  • Single Piece Rail Gangways
  • Two Piece Rail Gangways

Material Type

  • Steel Rail Gangways
  • Aluminium Rail Gangways
  • Alloys Rail Gangways
  • Composites Rail Gangways

Train Type

  • Passenger train
  • Metro/Subway train
  • High speed train
  • Special train

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia and Pacific
  • Middle East and Africa
  • China
  • Japan

Global Rail Gangways Market: Competitive Landscape

Some of the key players involved in the manufacturing of rail gangways and included in this study are Hübner Gmbh & Co. Kg, Hutchinson Paulstra, Narita Mfg., Ltd, Dellner Couplers Ab, Atg Autotechnik Gmbh, Schliess- und Sicherungssysteme GmbH, Chongqing Hengtai Electromechanical Equipment Co., Ltd., Airflow Equipments (India) Pvt. Limited

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Key questions answered in the report

  • How has the Rail Gangways market evolved over the past four years?
  • What shape is the Rail Gangways market expected to take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the Rail Gangways market?
  • What are the competition developments and trends in the Rail Gangways market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the Rail Gangways market?
  • What are the important challenges, opportunities and improvement factors for Rail Gangways market players?
  • What are the important market positioning and key strategies of key manufacturers as per the Rail Gangways market taxonomy?
  • How is the competition structured at present? How has it evolved in the Rail Gangways market over the past few years?

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
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Ship Repair and Maintenance Services Market Share and Growth Factors Impact Analysis 2031

As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of 5.9%, reaching US$ 23.6 Bn in 2021.

Ship repair and maintenance services market is set to be valued at US$ 44.3 Bn, expanding at 6.5% CAGR through 2031, according to latest research conducted by Future Market Insights (FMI).

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Continuous rise in shipbuilding activities and increasing spending in research activities for the expansion of wireless seaborne trade is expected to create growth opportunities during the forecast period.

Demand for ship repair and maintenance services is surging owing to the growing usage of ships for diverse purposes. Governments in many countries are taking initiatives to strengthen the maritime industry.

Based on these factors, the market is anticipated to create incremental opportunities for the ship repair and maintenance services market players during the forecast period (2021-2031).

Sales are expected to surge due to increasing import-export activity and implementation of favorable regulations encouraging seaborne trade. Ship repair and maintenance play a supporting role in the marine industry. Because of the significant advantages of maritime transportation, ships transport approximately 90% of the world’s imported and exported goods.

The outbreak of COVID-19 however dampened the sales prospects owing to supply chain and market disruption. Nevertheless, with recovery of trade activities and relaxations in international trade, the market is expected to regain its pre-pandemic status.

Key Takeaways from Market Study

  • In the vessel type segment, bulk carrier is anticipated to grow at an impressive CAGR close to 8%.
  • In the service type segment, hull part holds nearly 30% of the global market share in 2031.
  • Demand for passenger ships and ferries are expected to increase at a high pace, encouraging the sales of ship repair and maintenance services.
  • The market in South Asia & Pacific is projected to create incremental $ opportunity worth US$ 9.6 Bn between 2021 and 2031.
  • India and Singapore are expected to emerge as the most lucrative market across South Asia & Pacific during the forecast period.

“Digital innovations, coupled with the inclination for seaborne trade activities, are expected to propel the growth of the market. In order to capitalize on this existing opportunities, key players are investing in research and development activities. Some are spending on the integration of wireless technology in ship repair. These developments will help the market gain momentum in the coming years,” says a Future Market Insights analyst.

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Key Market Segments Covered

 By Vessel Type:

  • Oil and Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships and Ferries
  • Mega Yachts and Other Vessels

By Service Type:

  • General Services
  • Dockage
  • Hull Part
  • Engine Parts
  • Electric Works
  • Auxiliary Services

By Region:

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

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Competitive Landscape

The leading companies are implementing various strategies such as mergers and acquisitions and new product launches to venture into new markets. Some of the key players in this market are Damen Shipyards Group, Sembcorp Industries Ltd., Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A., Dae Sun Shipbuilding & Engineering Co. Ltd., Hyundai Mipo Dockyards Co. Ltd., Arab Shipbuilding and Repair Yard Company, Keppel Corporation Limited, United Shipbuilding Corporation, Alexandria Shipyard, Dormac Ship repairs, Astican, HOSEI CO. LTD, TSUNEISHI SHIPBUILDING Co. Ltd and Dundee Marine & Industrial Services Pte Ltd.

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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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Ophthalmic Diagnostic Equipment Market Report, Trends, competitive Insights and Forecast 2030

The mentioned figures, coupled with an influx of ophthalmic diagnostic centres in the countries like India and China (homes to the 2 top-seeded diabetic patients) are expected to drive the ophthalmic diagnostic equipment market in the forecast period. As per NCBI, the number of people suffering from diabetic retinopathy will increase from 126.6 Mn in 2010 to 191 Mn by 2030. It also states that VTDR (Vision-threatening Diabetic Retinopathy) will witness an increase from 37.3 Mn to 56.3 Mn in the same period.

Plus, the reimbursement scenario regarding eye care treatment is improving in developed and developing countries alike. Initially, reimbursement was possible only if there was a hospital stay for at least 24 hours.

However, the present scenario is such that LASER technology enables single-day treatment and insurance coverage is applicable therein. So, people in low-income countries will also not shy away from availing eye care treatments.

Key Takeaways of Ophthalmic Diagnostic Equipment Market Study

  • The optical coherence tomography (OCT) held the largest share in the global ophthalmic diagnostic equipment market in 2021
  • North America and Europe are expected to hold close to 30% of the global ophthalmic diagnostic equipment market in 2022 and the trend is expected to continue In the forecast period
  • Asia Pacific expected to witness an exponential growth in the forecast period

Expansion and Visibility: Indigenous Strategies for Market Players

The ophthalmic diagnostic equipment market players are focusing on qualitative expansion and visibility to sustain their foothold in the ophthalmic diagnostic equipment market. Some of the steps taken on this count include:

  • In June 2022, IBM Watson partnered with Japan-based Topcon Corporation in order to fast-track the development of products and services that improve the diagnosis, and treatment of eye disease, ultimately improving access for better patient care.
  • In June 2022, Essilor collaborated with Michelin for jointly launching an UN-certified awareness campaign named “Together for safe mobility: Check your vision, check your tires”. The basic objective is to throw light on good vision apart from good tires. This campaign is likely to increase the demand for ophthalmic diagnostic equipment worldwide as UN has officially recommended road safety goals at a global level.
  • Ellex is working in close collaboration with the ophthalmic physicians across the globe regarding minimally invasive options for treatment of glaucoma.

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What else is in the report?

Future market insights offer a unique perspective and actionable insights on ophthalmic diagnostic equipment market in its latest study, presenting historical demand assessment from 2013 – 2021 and projections from 2022–2030 based on product type (Fundus Cameras, Retinal Ultrasound Imaging Systems, Refractors, Slit Lamps, Perimeters, Ophthalmoscopes, Tonometer, Optical Coherence Tomography (OCT), Corneal Topography Systems), by end user (Hospitals, Clinics, Ambulatory Surgical Centers) in seven key regions.

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
    • Detailed insights of market segments and sub-segments for historical as well as forecast period
    • A competitive analysis of prominent players and emerging players in the keyword market
    • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Ophthalmic Diagnostic Equipment Market by Category

By Product :

  • Fundus Cameras
  • Retinal Ultrasound Imaging Systems
  • Refractors
  • Slit Lamps
  • Perimeters
  • Ophthalmoscopes
  • Tonometer
  • Optical Coherence Tomography (OCT)
  • Corneal Topography Systems

By End user :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • AEJ
  • Japan
  • Middle East and Africa (MEA)

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Table of Content

  1. Research Methodology
  2. Assumptions & Acronyms Used
  3. Executive Summary
  4. Global Ophthalmic Diagnostic Equipment Market Overview

4.1. Introduction

4.1.1. Taxonomy

4.1.2. Definition

4.1.3. Introduction & Parent Market Overview

4.1.4. Market Value Forecast, 2022–2030

4.1.5. Global Ophthalmic Diagnostic Equipment Market Snapshot

4.2. Global Ophthalmic Diagnostic Equipment Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.3. Global Ophthalmic Diagnostic Equipment Market Trends

4.4. Global Ophthalmic Diagnostic Equipment Market – Scenario Forecast

4.5. Global Ophthalmic Diagnostic Equipment Market Pricing Analysis

4.5.1. Global Ophthalmic Diagnostic Equipment Market Price Estimates, By Region, 2022

4.5.2. Global Ophthalmic Diagnostic Equipment Market Price Estimates, By Region, 2030

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Encapsulated Flavours Market Size, Share, Top Vendors, Industry Trends, Growth, Recent Developments, Forecast to 2032

Future Market Insights (FMI), in its recent report, estimates the global encapsulated flavours market to register 1.7% CAGR, in terms of volume, during the forecast period 2019 to 2027. Global sales of encapsulated flavours is expected to surpass 200,000 MT by 2027-end.

APEJ to Continue Exhibiting High Growth

In terms of volume, Asia Pacific excluding Japan (APEJ) is expected to remain the most lucrative market for encapsulated flavours, with sales estimated to expand at a high single-digit CAGR through 2027. North America will continue to be the second largest market for encapsulated flavours, in terms of volume.

Based on encapsulation process, spray drying is estimated to remain dominant in the global encapsulated flavours market. In terms of volume, expansion of spray drying segment is anticipated to exhibit the highest CAGR through 2027. Adoption of glass encapsulation process for encapsulated flavours will remain sluggish in the market over the forecast period.

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Chocolate Flavours to Remain the Most Preferred Encapsulated Flavour

Chocolate flavour will continue to be preferred among encapsulated flavours in the global market, followed by general fruit flavours, spice flavours, and citric flavours. In terms of volume, sales of spice flavours are estimated to register the highest CAGR through 2027, followed by exotic fruit flavours, citric flavours, and berry flavours. In contrast, sales of general fruit flavours are anticipated to register the lowest CAGR through 2027.

In terms of volume, encapsulated flavours will continue to witness largest adoption for application in beverages & instant drinks, with sales expected to register the fastest expansion through 2027. Bakery & confectionary is expected to remain the second largest application of encapsulated flavours in the global market.

Convenience Food Segment in North America to Register High Demand for Encapsulated Flavours

Demand for encapsulated flavours in convenience food will continue to rise in North America. Consumer preferences in this region is shifting towards readymade meals, savoury soups, and snacks, resulting into demand for exotic, ethnic, and spicy flavourings. Consumer are now becoming aware of the potential adverse effects of artificially produced food additives, inclining more towards natural products. Flavour encapsulation is considered to be more natural than chemically synthesized equivalents, as it retains the nutritional value of vegetable & fruit ingredients during their conversion into flavours. These factors will continue to sustain demand for encapsulated flavours in North America.

High cost of encapsulated flavours production is the major concern for manufacturers, and this factor may act as a retraining factor for growth of the market in North America. Leading manufacturers in the region are focusing on the development of advanced processing and formulation technologies for production of encapsulated flavours.

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Leading Market Players Focus on Expanding Operations in APEJ

With increasing spending on research & development activities, global manufacturers are now facing competition from regional players in APEJ. APEJ has become the preferred destination for leading market players to set up R&D facilities. Consumer in this region have started opting for fizzy, flavoured and plant-based drinks over other beverages. Consumption of milk-based drinks is expected to gain an uptick in APEJ, resulting into demand for flavoured dairy drinks. These factors will augment growth of the encapsulated flavours market in APEJ.

For encapsulation of flavours, high tech machines are required, coupled with skilled labours for operation. APEJ lacks skilled professionals, who are capable of understanding the technology behind flavour encapsulation. This might be a major hindering factor for growth of the encapsulated flavours market in APEJ.

Key market players identified in FMI’s report include Symrise AG, Cargill Incorporated, Nexira SAS, AVEKA Group, Naturex S.A., Archer Daniels Midland Company, International Flavours & Fragrances Inc., Sensient Technologies Corporation, Balchem Corporation, FONA International, Inc., Ingredion Incorporated, FrieslandCampina Kievit GmbH, BUCHI Labortechnik AG, Etosha Pan (India) Pvt. Ltd., Groupe Legris Industries (Central), Tate & Lyle PLC, LycoRed Limited, and Synthite Industries Ltd.

By Flavour Type

  • Citric Flavours
  • Berry Flavours
  • Spice Flavours
  • Nut Flavours
  • General Fruit Flavours
    • Apple
    • Banana
    • Mango
  • Exotic Fruit Flavours
  • Chocolate Flavours
  • Vanilla Flavours
  • Other Flavours

By Application

  • Bakery & Confectionary
  • Cereal and Oatmeal
  • Snack Food
  • Frozen Food
  • Dairy Products
  • Beverages & Instant Drinks
  • Pharmaceutical & Personal Care
  • Others

By Encapsulation Process

  • Spray Drying
  • Spray Congealing/ Chilling
  • Fluid Bed Coating
  • Glass Encapsulation
  • Others

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Coffee Bean Grind Machine Market is Likely to Expand at a CAGR of 8.7% During the Forecast Period of 2022-2032

The active use of the Internet has guided consumers’ confidence in e-Commerce websites and online sites, where coffee bean grinders of various configurations are available at affordable prices. The growing demand for fresh coffee experiences has also been noted to boost sales of coffee bean grinders. As a result, coffee bean grinders market is set to witness a CAGR of 8.1%- 8.9% during 2021-2031.

What is Driving Demand for Coffee Bean Grinders Market?

Coffee bean grinders are gaining traction among coffee lovers due to the importance of enhancing its taste attributes. The demand for coffee bean grinders of various sizes and shapes remain influenced by requirements of the target audience or application making use of it.

In addition, manufacturers are offering different types of coffee bean grinders due to the increasing demand for personalized products based on its usage in different parts of the world. The increasing penetration of coffee bean grinders in the residential segment along with cafes and restaurants is expected to achieve tremendous growth in the market during the forecast period.

New Features Complementing the Coffee Bean Grinders Market Sales

Manufacturers of coffee bean grinder machines strive to integrate new features and improved solutions for better customer satisfactory experiences and indulgence. The growing consumer trend for programmable coffee bean grinder machines is one of the major trends in the coffee bean grinders’ market space. Fast-running times with less inconvenience have triggered a huge shift towards electronic coffee bean grinders.

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In addition, the coffee bean grinder industry is investing heavily in research and development activities to improve the automation features in super automatic coffee bean grinders to increase their convenience among coffee addicts.

US and Canada Coffee Bean Grinders Market Outlook

In the U.S, the coffee bean grinders market is booming over the past few years and is expected to rise owing to increasing urbanization and establishment of IT parks at the rapid pace which is expected to boost consumption of coffee beverages and hence coffee bean grinders.

Moreover, rising number of coffee outlets and cafes offer strong growth potential in the commercial sector. This is expected to create opportunities for the coffee bean grinders market.

In addition, the rapid growth of the e-commerce industry in the region creates lucrative market opportunities for producers to enter the market to gain a competitive market share, thus leading to product demand.

Europe Demand Outlook for Coffee Bean Grinders Market

Europe is expected to be the dominant region in the global coffee bean grinder market as manufacturers are focusing exclusively on offering energy efficient products. European regulations designed for home appliances are focusing on reducing GHG (greenhouse gas) emissions and power consumption.

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The increase in domestic and international tourism and the expansion of restaurants and food service centers in different countries in the European region are expected to increase the demand for coffee bean grinders. Further, due to the continuous development of coffee culture around the world, vendors are offering a wide variety of coffee, thereby purchasing the best technology in their machines, which is expected to create market opportunities for coffee bean grinder’s manufacturers in the European market.

Who are the Key Manufacturers of Coffee Bean Grinders Market?

Some of the leading manufacturers of Coffee Bean Grinders Market include

  • KitchenAid
  • Baratza
  • Capresso
  • BLACK+DECKER
  • Hamilton Beach
  • KRUPS
  • Gourmia, Inc.
  • Quiseen
  • JavaPresse Coffee Company
  • Capresso, Cuisinart
  • Baratza
  • Bodum

Coffee Bean Grinders Market Report Highlights:

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

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Key SegmentsBy Product Type:

  • Electric Burr Grinders
  • Electric Blade Grinders
  • Manual Grinders
  • Other Product Types

By Machine Type:

  • Fully Automatic Coffee Bean grinder
  • Super Automatic Coffee Bean grinder
  • Semi-Automatic Coffee Bean grinder

By End-Use Industry:

  • Commercial
    • Hotel
    • Restaurant
    • Café
    • Institutional
  • Residential

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Independent Stores
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Direct Sales
  • Other Sales Channel

By Region:

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

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

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Chia Seed Market to Grow by 6.8% CAGR as Consumption of Superfoods Soars Worldwide: FMI

As per a recent survey by FMI, the global chia seed market is projected to total US$ 194.1 Mn in 2021. Growing awareness regarding benefits of chia seeds and increasing availability in supermarkets and convenience stores is paving the way for growth in the market.

Chia seeds are loaded with omega-3 fatty acids, antioxidants, polyphenols, minerals, and fiber. As consumption of these seeds improves heart health, manages blood sugar levels, and supports bone health, they are increasingly being consumed in fruit bowls, frozen yogurt, salads, and breakfast cereal among others as superfoods.

Hence, increasing demand for superfoods to meet the nutritional requirements of consumers is estimated to accelerate the sales in the coming years. In response to this, the chia seeds market is poised to grow at a CAGR of 6.8% during the forecast period 2021-2031.

With rising trend of veganism and growing emphasis on health lifestyle, individuals across the world are extensively looking for food products with natural ingredients that are loaded with nutrients such as chia seeds, which is in turn, estimated to drive the market.

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In addition, increasing applications of chia seeds as a functional ingredient across the personal care sector, owing to its benefits such as repairing the skin barrier and improved skin texture is expected to drive the sales.

Against this backdrop, sales in the global chia seeds market are expected to register growth at 5.5% year-over-year growth in 2021.

On the basis of applications, the personal care & cosmetics industry is estimated to account for a significant share in the market between 2021 and 2031. Increasing use of chia seeds in the production of lotions, serums, and creams is favoring the growth in the segment.

“Key players are emphasizing on launching novel variants of chia seeds such as chia oils, milk, gels to meet the surging demand for natural ingredients across nutritional & dietary sector. This is expected to accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Chia Seed Market Study

  • North America market is forecast to expand at a CAGR of 6.7% through 2031, owing to increasing demand for superfoods in the U.S.
  • Sales of chia seeds in Europe are estimated to rise at 6.10% CAGR driven by rising application across the food & beverages industry in Germany and the U.K.
  • China is anticipated to account for the largest share in the East Asia market, driven by the surging demand for organic and natural ingredients across packaged foods sector.
  • India is forecast to emerge as a highly attractive market in South Asia, owing to the rising awareness regarding the benefits of chia seeds among the population.
  • In terms of color, the black chia seeds segment is projected to hold the maximum share, on the back of increasing use in a variety of dishes ranging from desserts to bread.

Key Drivers

  • Increasing use of chia seeds in the production of nutrition bars, energy drinks, and other dietary supplements is propelling the demand across the nutritional and dietary sector.
  • Surging applications of whole chia seeds as a thickening agent in cake batters and smoothies is fueling the sales across the whole segment.

Key Restraints

  • High cost of organic chia seeds compared to conventional ones is hampering the sales across the organic segment.
  • Adverse effects associated with the consumption of chia seeds such as diarrhea, vomiting, high blood pressure, and hives are hindering the demand in the market.

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Competitive Landscape

As per FMI, top five companies in the global chia seed market are expected to account for around 40% to 60% of the total sales in 2021.

Leading companies are aiming at launching novel products and variants to expand its product portfolio. Some of the players are focusing on engaging in strategic collaborations, agreements, merger, and acquisition to increase their production capacity. For instance,

  • In February 2020, Mamma Chia, a leading food ingredients supplier, announced expanding its plant-based milk portfolio by launching Mamma Chia Organic Chiamilk. It is a dairy-free beverage that contains omega-3 fatty acids, more calcium, and zero sugar than a glass of milk. The Chiamilk is available in unsweetened vanilla and original variants, containing 60-70 calories per serving.
  • In September 2019, Nutiva, a U.S.-based company, announced launching a new glyphosate residue free product line of Organic Chia Seeds. It is certified by The Detox Project and considered a probable human carcinogen by the International Agency for Research on Cancer (IARC).

Some of the key players operating in the market profiled by FMI are:

  • Sesajal SA De CV
  • Bioglan (PHARM-A-CARE Laboratories Pty. Ltd.)
  • Nutiva Inc
  • Navitas Naturals
  • Spectrum Naturals (Hain Celestial Group)
  • Benexia (Functional Products Trading S A.)
  • Chia Bia Slovakia, s.r.o.
  • The Chia Co.
  • Vega Produce LLC.
  • CHOSEN FOODS INC
  • Mamma Chia
  • Now Health Group, Inc.
  • Naturkost Übelhör GmbH & Co. KG
  • AgroBolivia (Negocios Europa Ltd.)
  • Others

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More Valuable Insights on Chia Seed Market

The latest report by FMI provides a detailed analysis of the global chia seed market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in chia seed market with detailed segmentation:

By Origin:

  • Organic
  • Conventional

By Colour:

  • Black
  • White
  • Brown

By Form:

  • Whole
  • Grounded
  • Oil

By End-Use Application:

  • Food and Beverages
    • Packed Chia
    • Nutritional Bars
    • Bakery and Snacks
    • Breakfast Cereals
    • Beverages
    • Others
  • Personal Care Products and Cosmetics
  • Animal Feed and Pet Food
  • Nutritional and Dietary Supplements

By Region

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

Key Questions Covered in the Report

  • The report offers insight into chia seed market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for chia seed market between 2021 and 2031
  • Chia seed market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Chia seed market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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