Market Research Blog – Page 11268 – New Product Development

Ribbed Closures Market Demand is Growing due to Cost-effective Packaging Solutions

The changing preference of consumer in the packaging industry and better features offered by ribbed closures such as easy gripping for the user to twist on and off creates an opportunity for the ribbed closures manufacturer in the global market. In the packaging industry, ribbed closures are a kind of basis closures.

The ribbed closure is a threaded closure with an uninterrupted spiral mechanism. This closure has a flat matte top, which easily allows labeling and it is useful in branding and writing an important message on closure. Ribbed closures are suitable for food and beverages, pharmaceutical, agriculture, personal care, automotive and many other industries. For liquid and semi-liquid packaging, ribbed closures are one of the cost-effective packaging closures.

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Easy to open, light in weight and suitable for wide array of bottles are few of the key features which help in increasing the demand for ribbed closures in the global closures market. Ribbed closures market is expected to gain sustainable growth in the closure market owing to environmental friendly property.

Global Ribbed Closures – Market Dynamics:

One the significant factors which contribute to the growth of the global ribbed closures market is economic growth in developing countries and increasing health awareness among consumer. Due to the increasing health awareness, the demand for the energy drinks and packed water demand is growing day by day, and it is directly impacting the demand for ribbed closures.

Well established sales distributor network for various products may be the reason which helps in emerging growth of the global ribbed closures market. Increasing demand for the cosmetics and personal care products in the global market assists in driving the demand of the ribbed closure market. Ribbed closure lightweight, and excellent sealability are few of the major factors which contribute to the growth of the global ribbed closures market.

Global Ribbed Closures Market- Regional Outlook:

Geographically, the global ribbed closures market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to be the biggest subscriber in terms of volume and value because of growing standard of living and increase of disposable incomes. India and China have expected significant growth in market volume share due to the rise in the retail sector in these regions.

China is expected to have the largest share of ribbed closure in the Asia Pacific market whereas Europe and North America have the highest demand for ribbed closures due to increasing demand for the cosmetic products in these regions. Europe is expected to occupy significant share in ribbed closures market. Asia Pacific and North America have the most significant regional market followed by Europe for the ribbed closures, owing to high demand from customers. The Middle East and Central and South America are expected to observe considerable growth rates in the near future.

Global Ribbed Closures Market- Major Players:

Few of the major players identified across the globe in the ribbed closures market are Berry Plastics Corp., Amcor Limited, MJS Packaging, Alpha Packaging International, Gosselin Group, Olcott Plastics, Mold-Rite Plastics, Phoenix Closures, Plastic Closures Limited, etc.

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

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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Global Ribbed Closures – Market Segmentation:

Global ribbed closures market segmented on the basis of material type, diameter and by end use.

On the basis of material, global ribbed closures market is segmented into –

Polyethylene
HDPE
LDPE
LLDPE
Polypropylene
Others

On the basis of diameter, global ribbed closure market is segmented into –

Up to 15 mm
15 to 30 mm
30 to 50 mm
Up to 50 mm

On the basis of end use, global ribbed closure market is segmented into –

Food & Beverages
Cosmetic & Personal Care
Pharmaceutical
Agriculture
Others

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Report Highlights:

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

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

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Digital Power Conversion Market 2022 Development Status, Competition Analysis, Type and Application 2029

The Digital Power Conversion Market is expected to grow from US$ 17,606 Mn in 2022 to US$ 38,340 Mn by 2029 and exhibiting a remarkable 11.8% CAGR between 2022 and 2029.

2022 Market Value	US$ 17,606 Mn
2029 Market Value	US$ 38,340 Mn
CAGR% (2022-2029)	11.8%
Share of Top 5 Market Players	25%

Increasing demand for power supply solutions will continue to bolster the growth of digital power conversion market over the following years. Rising adoption of electric cars and smart home appliances will also remain among the key boosters to market growth.

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Key Takeaways – Digital Power Conversion Market Study

Adoption of power conditioning/active power filtering continues to broaden in developing and developed countries.
Communication infrastructure requires high power applications, digital power management and control, mainly applied to switched-mode power supply (SMPS), which captures a substantial share of various digital power conversion systems.
Isolated DC/DC converters can be used to interface elements in the Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs).
Demand for digital power conversion in infrastructure communication and automotive industry is set to increase at the CAGR of ~9.6% and ~11.8% respectively, during the forecast period.
As compared to developing regional markets, demand for digital power conversion will be higher in North American countries and some of the fast developing economies across Asia Pacific excluding Japan (APEJ).

Key Players Targeting APEJ for Expansion

North America has been a prominent market for digital power conversion demand that currently accounts for around 30% share in market. However, APEJ’s digital power conversion market is set to exhibit a higher CAGR over projection period owing to the strong economic growth of the region and exceptional growth of the consumer electronics industry.

Major players in the market for digital power conversion focus on expanding their businesses across countries in Asia Pacific, such as India and various ASEAN countries. Increasing investments by governments of these countries in the communication infrastructure attract different digital power conversion providers to continue their businesses in these countries.

In February 2022, Schneider Electric, one of the leaders in automation transformation and electronic energy management, introduces Masterpact MTZ, the next generation of high-power low-voltage circuit breakers, merging the iconic reliability and high performance of the business with enhance digital competence.

Manufacturers Prioritizing Extended Product Line-ups

To offer digital power conversion, companies have started investing in core application areas such as communication for Internet of Things (IoT), digital services (OSS/BSS and telecom core) in the digital power conversion market and meet the growing demand from various application industries, including IT & telecom, automotive, and manufacturing industries.

In September 2022, Flex Power Modules introduced the BMR490 DC-DC converter with active current sharing. The new sharing mechanism makes parallel use of two or more converters for challenging datacom applications, delivering higher power on a single rail and increasing redundancy. Earlier in January 2022, TDK Corporation acquired Nextys SA and make it a wholly-owned subsidiary. Nextys designs and produces a wide product line of DIN rail power supplies and accessories in addition to the product portfolio of TDK-Lambda. “DIN rail” is a mounting mechanism for equipment, which is commonly found in modules for industrial control equipment.

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Digital Power Conversion Market Outlook by Category

By Product

AC/DC Power Conversion
Isolated DC/DC Power Conversion
Sequencers
DC/AC Power Conversion
Power Conditioning/Active Power Filtering
Hot Swap

By Application

Communication Infrastructure
Enterprise & Cloud Computing
Automotive
Industrial

Region:

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

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Know More About Digital Power Conversion Market Report

In its new offering, Future Market Insights puts forward an unbiased analysis of the global market for digital power conversion, providing historical demand data (2014-2021) and forecast statistics for 2022-2029.

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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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GPS Tracker Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

In 2027, the global GPS tracker market is anticipated to generate revenues of US$3,482.3 Mn, growing at a CAGR of 8.4%, according to a recent study by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The development of new applications in the market, the introduction of specialised competitors in the market, as well as the traditional uses of GPS trackers are all credited with this significant revenue growth.

Due to the advent of new applications using the GPS trackers technology, the global market for GPS trackers is experiencing remarkable growth. The industry is also anticipated to continue to experience revenue growth in more conventional applications, like avoiding the theft of goods. However, due to the poor quality of tracking, non-standard products will always be an issue in this industry.

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Global GPS Tracker Market: Recommendations

Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

Global GPS Tracker Market: Forecast by Type

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

Global GPS Tracker Market: Forecast by Industry

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global GPS Tracker Market: Forecast by Application

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

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Market Segmentation

By Type:

Standalone Tracker
OBD Trackers
Advanced Trackers

By Application:

Fleet Management
Asset Management
Others (Pets wearable devices, wearable devices etc.)

By Industry:

Transportation and Logistics
Construction
Government
Defence
Energy & Utilities
Healthcare
Others (BFSI, Media and Entertainment, Telecom)

By Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

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Market for Front Office BPO Services: Notable Developments and Regional Outlook

Future Market Insights (FMI), in one of its recent research reports, has projected the global front office BPO services market to exhibit a CAGR of 7.4% throughout the forecast period (2017-2022). The global front office BPO services market is estimated to surpass US$ 200,000 Mn in revenues by 2022-end.

Shifting focus towards Non-voice Contact Centre Channel – A Key Trend

The global market for front office BPO services has experienced a significant expansion over the past few years. This can be primarily attributed to robust economic expansion worldwide, and surge in revenues from customer relations management, insurance, human resource, and finance & accounting. Outsourcers bring various competitive benefits, while aiming to tap into new businesses.

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Emergence of digital channel management capabilities, and the data protection provisions are one of the major trends being witnessed in the global front office BPO services market. In addition, shifting focus towards non-voice contact centre channels, and digitisation of the customer touch-points are other key trends being observed in the market.

Industries focusing on Expansion by Offshoring their Business Operations to Front Office BPO Services

Several predominant industries from various verticals such as healthcare & pharmaceuticals, BFSI, and manufacturing, are concentrating on expansion of their business, and gaining access to new markets by offshoring their operations to the front office BPO services. These industries are relocating their production base, and service delivery points closer to areas of their end-users. Offshoring the business operations helps industries in mitigating risks, as their business functions, which are difficult to control & manage, are handled by external companies, while realising their benefits.

Key Research Findings from FMI’s Report on Global Front Office BPO Services Market

In terms of revenues, manufacturing will continue to be the most lucrative vertical in the global front office BPO services market. Revenues from manufacturing vertical are estimated to exceed US$ 40,000 Mn by 2022-end. In contrast, education will remain the least lucrative vertical for front office BPO services. Front office BPO services are projected to witness the fastest expansion in BFSI vertical through 2022, followed by healthcare and pharmaceuticals.
On the basis of service type, customer management services are expected to remain dominant in the global front office BPO services market. Customer management services are projected to account for approximately two-third revenue share of the market over the forecast period. Document management services, on the other hand, will remain comparatively less lucrative than customer management services in the market.
Asia-Pacific excluding Japan (APEJ) has been projected to register the fastest expansion in the market, with sales poised to reach nearly US$ 30,000 Mn in revenues by 2022-end. Middle East & Africa (MEA), and Japan will also witness an impressive expansion in the market through 2022. Although North America and Europe will register relatively lower CAGRs through 2022, these two regions are anticipated to remain the largest market for front office BPO services in terms of revenues.

A tremendous surge has been witnessed in the practice adopted by several industries in approaching front office BPO service providers to perform their business functions. Industries are able to save time, and labour & operational costs, with the help of front office BPO services.

These industries, having great expertise in development & design of their products, lack in bandwidth and access to resources when it comes to customer services. These are catered by front office BPO services, which by leverage their global knowledge base to access world class capabilities.

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Company Profiles

FMI’s report has offered insights on key companies operating in the global front office BPO services market, which include Xerox Corporation, Hewlett Packard Enterprise Co., Convergys Corp., Sitel Worldwide Corporation, IBM Global Services, Williams Lea Limited, Ricoh USA, Inc., Atento S.A., Alliance Data Systems Corporation, and TeleTech Holdings, Inc.

Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Service Type

Customer Management Services
Document Management Services

Vertical

BFSI
Manufacturing
Healthcare & Pharmaceuticals
Retail & Consumer Goods
IT & Telecommunication
Aerospace & Defense
Education
Services & Logistics
Other Vertical

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Pocket Flask Market Demand Analysis, Sales Projection, Key Players, SWOT Analysis, Key Indicators and Forecast to 2030

Pocket Flask are user friendly rectangular shaped metallic containers mostly have their application in the alcoholic beverage industries. The kidney-shaped pocket flask is more popular around the globe as its designed structure in bean shape is more appealing to the consumers.

Round or Oval Pocket Flask designed particularly for women as they prefer to carry perfume or fragrance shaped bottles over liquor. Many of the silver metal manufactured Pocket flask are designed typically for gift exchange in developed nation as sign of affection which are customized to bring personal touch.

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Pocket Flask Market: Dynamics

Percentage of alcohol consumption at global level to drive the Pocket Flask Market

In many parts of the world, distribution of alcohol in public is forbidden, so the trend of carrying alcohol in the Pocket Flask has increased the Pocket Flask sales on a global market. Increasing demand for Pocket Flask is growing at an international level among the age group 25-55 years, particularly people carry Pocket Flask while attending an event, celebrating festivals with relatives, watching sports event at a stadium and similar occasions during their recreation time.

The price of being light-weighted and metallic is the first choice of buyers on the world market for Pocket Flask. Increasing emancipation and globalization have accelerated the speed of trade between different world economies, thereby increasing Pocket Flask use.

Antique Collection market to trend for Pocket Flask Market

Pocket Flask Containers are alike to the smartphone. As, the Pocket Flask were manufactured in the 18th century, particularly in the past, the majority of pocket flask was used mostly by well-born citizens of high-class status. The Pocket Flask was initially designed of silver, gold, copper, (Pewter) and glass, but today Pocket Flask are also found in plastics and stainless steel.

The silver-made pocket flask is now known to be items from an antique collector.

The rapid growth of large economies of developed nations and developing nations in recent years due to globalization has boosted the country’s spending power, which is representative of an individual’s expanded disposable income. This macroeconomic aspect is expected to raise demand for Pocket Flask in the years ahead on a global basis.

Constrain in Pocket Flask Market due restriction of alcohol consumption in Islamic Nations

That alcohol consumption is rising in areas such as in Western Europe and North America will increase demand for the Pocket Flask industry in the years ahead, but the North African and Middle East region has less than 5 percent alcohol consumption, which could result in slow demand for Pocket Flask in the above-mentioned industry.

Several Islamic Countries like Saudi Arabia, Pakistan, Iran, Oman, Yemen and other nations have strictly prohibited the consumption of alcohol as the nations have considered it as against the cultural belief of the people. The population of Islamic religion followers is around 200 million people worldwide.

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Pocket Flask Market: Regional Outlook

Asia Pacific countries are expected to pose major prospects for growth for the Pocket Flask industry as businesses are more geared towards the change in lifestyle consumer product industry led by knowledgeable customers across the global sector.

North America, led by the European Union, is likely to generate tremendous exponential prospects for the Pocket Flask industry, Asia-Pacific developing countries and Africa have significant growth possibilities for Pocket Flask’s demand in the years ahead. The Latin America market will also be a critical Pocket Flask market in years to come.

Pocket Flask Market: Key Players

Himalyan Equipment Manufacturing Co.
English pewter co.
the whiskey exchange
Jacob Bromwell
Wentworth pewter
ALFRED DUNHILL
ASPINAL OF LONDON
BARBOUR
DUNHILL
FILSON

COVID-19 impact of pocket flask market

The global outbreak of the novel coronavirus, COVID-19, further boosts demand for hand sanitizers and other hygiene products, while pushing the isopropyl alcohol market to rise. As, Alcohol Consumption is major driver for pocket flask market the demand would gradually be affected.

Isopropyl alcohol is used in the pharmacy industry to manufacture a wide array of products, including alcohol wipes, swabs, hand sanitizers, disinfectants, oral mouthwash and a host of other items. Isopropyl alcohol is often used as an antiseptic to destroy the surface bacteria before delivering injections.

So, Pocket flask containers that carry hand sanitizers could be an alternative from the actual purpose of carrying pocket flask i.e. to carry alcohol drinks in it which could trend and increase the demand for pocket flask market in pharmaceutical industries.

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Pocket Flask Market: Segmentation

Globally, the Pocket Flask Market is divided on the basis of Material & Capacity

On the basis of material used, the global Pocket Flask market is segmented into:

Metal
Gold
Silver
Pewter
Stainless Steel
Glass

On the basis of shape, the global Pocket Flask market is segmented into:

Automotive
Rectangular shaped Pocket Flask
Kidney-shaped Pocket Flask
Oval or round shaped Pocket Flask
Straight shaped Pocket Flask

On the basis of Capacity, the global Pocket Flask market is segmented into:

Metal
4.4 Oz
6 Oz
7 Oz
9 Oz
12 Oz

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Cloud Communication Platform Market Research Report 2022 – Global Forecast till 2030

The global cloud communication platform market will experience a double-digit CAGR over the forecast period, 2020-2030. Upsurge in investments in IT infrastructure for cloud service providers (CSPs), internet service providers (ISPs), and hyperscalers have been critical in driving market growth. Further, the coronavirus (COVID-19) pandemic has compelled several organizations to turn to work from home (WFH) model, thereby, resulting in increasing deployment of cloud communication platform solutions.

Digital collaboration tool providers, including Zoom, and Microsoft, are witnessing a remarkable upswing in usage across continents due to lockdowns and stay-at-home orders. Given the shortage of on-site IT personnel, companies are utilizing cloud-based solutions to maintain and monitor their storage, and server installations in data centers. Enterprises are leveraging full potential of cloud to establish resilient and disaster-immune models to satiate the remote workforce, as well as ensure data security and enterprise application integrity.

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Cloud Communication Platform Market – Key Takeaways

The healthcare industry would remain key revenue generator, given rising trend of bring your own device (BYOD), and increasing need for mobility in the industry.
Benefits such as low costs, and greater functionality are bolstering the adoption of Unified communications as a service (UCaaS).
Large enterprises would remain the primary customer of cloud communication platform services.
Market in North America continues its positive trend, backed by increasing adoption of UCaaS and IVR solutions.\

Cloud Communication Platform Market – Key Driving Factors

Rising preference for online backup and database solutions has boded well for market.
Increasing shift towards cloud-based unified communication services to push adoption rate.
Swelling demand for high-speed data transfer mediums in developing regions to offer growth potential to market players.

Cloud Communication Platform Market – Key Constraints

Security and privacy risks associated with shared communication networks are restricting widespread adoption.
Redesigning the network for cloud requires high initial cost.

Anticipated Market Impact of Coronavirus Outbreak

The COVID-19 pandemic has hampered the revenue growth of almost every industry, including the cloud communication platform market. Alerted by the situation, several private, and government organizations have transitioned to remote working, thus, translating into swelling adoption of cloud communication platform solutions. In addition, customers are significantly banking on video streaming services as they strictly following self-isolating regulations. Such evolving trends are auguring well for the cloud communication platform market. The Software-as-a-Service (SaaS) market expanded by nearly 1.4X in 2019 and will see a surge in demand amidst the COVID-19 crisis, as remote working becomes the new normal.

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Competition Landscape

Key players in the cloud communication platform market are Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd., Avaya Inc., Ozonetel Systems Pvt. Ltd., and Dialogic Inc. Players are focusing on collaborations and new service launches in order to expand their presence further during the COVID-19 recession and extend their customer base.

The global cloud communication platform market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Solutions

Unified Communication & Collaboration
Web Real-Time Communication (WEBRTC)
Interactive Voice Response (IVR) With Integral EPABX
Audio Conferencing
Video Conferencing
Voice Over Internet Protocol (VoIP) with cloud PBX

By Services

Managed Services
Professional Services

By Enterprise Size

Large Enterprise
Medium Enterprise
Small Enterprise
Micro Enterprise

By verticals

BFSI
Healthcare
Telecomm-unication
Government
Retail
Travel & Hospitality
Manufacturing
Others

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
MEA

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Pharmaceutical Sterilization Equipment Market Research, Demand Overview, Strategies for Key Players

Pharmaceutical Sterilization Equipment Market: Dynamics

Pharmaceutical manufacturers are focusing on sterilization of pharmaceutical products to ensure safety and efficiency of products, which is a major factor expected to drive the growth of pharmaceutical sterilization equipment market. Other factors that are contributing to the growth of the pharmaceutical sterilization equipment market are strict government norms for pharmaceutical packaging & manufacturing and the introduction of the new methods for sterilization of pharmaceutical drugs.

New techniques such as low temperature and gamma and e-beam irradiation are been used, which spur the growth of the pharmaceutical sterilization equipment market. Increasing production of sterile drugs and injectable, increase patient compliance and pharmaceutical packaging regulation are positively propelling the growth of pharmaceutical sterilization equipment market.

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Pharmaceutical sterilization equipment can be basically separated as non-terminal and terminal equipment. Pharmaceutical sterilization equipment is basically based on terminal sterilization, which includes heat, radiation and chemical sterilization. Non-Terminal pharmaceutical sterilization equipment includes filtration procedures.

Pharmaceutical Sterilization Equipment Market: Regional Outlook

In terms of geography, pharmaceutical sterilization equipment market has been divided into eight regions including North America, Eastern Europe, Western Europe, and Asia Pacific excluding China & Japan (APECJ), Japan, China, Middle-East & Africa and Latin America.

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North America is the most dominating market for pharmaceutical sterilization equipment due to advancement in healthcare care technologies and adoption of new techniques. Western Europe is another fastest growing region followed after North America due to growing pharmaceutical manufacturing production facilities for sterile drugs. Developing regions such as APECJ provide the most promising market for pharmaceutical sterilization equipment market players due to increasing healthcare facilities in countries such as China and Australia & New Zealand.

Pharmaceutical Sterilization Equipment Market: Segmentation

By product type:

Heat Sterilization Equipment
Moist heat sterilizer
Dry Heat Sterilizer
Radiation Sterilization Equipment
Filtration Sterilization Equipment
Chemical Sterilization Equipment

By end user:

Pharmaceutical Companies
Clinical Laboratories

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Pharmaceutical Sterilization Equipment Market: Key Players

Examples of some key market participants in global pharmaceutical sterilization equipment market identified across the value chain are STERIS Corporation, Getinge Group, MMM Group, Steelco S.p.A, Tuttnauer, 3M Company, Belimed AG, MATACHANA GROUP, Sterigenics International LLC, Environmental Tectonics Corporation, Johnson & Johnson (Advanced Sterilization Products).

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Penile Prosthesis Market Value, Trends, Strategies for Competitors, Forecast to 2029

Penile Prosthesis Market Overview:

This Penile Prosthesis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.

Penile prosthesis are utilized in men with erectile dysfunction or natural or treatment-safe impotence that can be brought about by physical conditions, for example, prostate malignant growth, cardiovascular ailments, Peyronie’s infection, pelvic injury, or diabetes. Penile diseases can likewise be brought about by spinal cord damage. They may have a psychogenic segment.

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Penile prosthesis Market: Dynamics

A few new advances are being created to treat ED including external penile support device, penile vibrators, nanotechnology, tissue building, and endovascular innovation. These advancements are required to reform the treatment strategy for ED.

Changing way of life propensities, for example, drinking liquor, smoking, and business related pressure are a portion of the variables liable to drive the penile prosthesis market during the figure time frame. Increasing frequency of erectile dysfunctions and increasing mindfulness about penile illnesses and advanced items and systems are additionally expected to drive the penile prosthesis market in the forecasted period.

However, the risks related with these inserts like infections, embed issues, and inward disintegration alongside increase number of complaints like loss of penile length, too hard pump, and inappropriate swelling of the glans of the penis are expected to be restraining factor for growth of Penile prosthesis market. Likewise, accessibility of less intrusive treatment strategies for erectile dysfunction additionally expected to limit the market development.

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Penile prosthesis Market: Key Players

The key market players operating in the penile prosthesis market are Coloplast, Boston Scientific Corporation, Promedon, ZSI, Zephyr Surgical Implants, Rigicon Inc. and others

The research report presents a comprehensive assessment of the penile prosthesis 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 penile prosthesis market segments such as geographies, application, and industry.

Penile prosthesis Market: Segmentation

The global penile prosthesis market is segmented based on the implant type, end user and region.

By Implant Type:

Non inflatable penile implants
Inflatable penile implants

By End use:

Hospital
Clinics
Others

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Penile prosthesis Market: Regional Outlook

Geologically, North America is leading contributor to the penile prosthesis market and is required to hold its situation during the forecasted time frame because of the presence of huge number of geriatric population, and huge base of patients with sexual disorders.

Europe is relied upon to be the second-biggest penile prosthesis market in the estimate time frame. Development of the penile prosthesis market in the region can be credited to increasing occurrence of erectile dysfunctions and increasing number of pelvic medical procedures in Europe.

However, Asia-Pacific market is relied upon to develop at a rapid rate during the conjecture time frame. This is predominantly due to increased social insurance awareness, technological progressions, and developing awareness among the populace about the treatment choices accessible in the market.

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Real World Evidence Solutions Market to Grow with US Dominates the Global Industry

As per the latest report published by Future Market Insights, the Real World Evidence Solutions Market is valued at US$ 39.2 Billion in 2021 and is anticipated to reach the valuation of US$ 110 Billion by the end of 2032 by growing at a CAGR of 10%.

The compound annual growth rate for the forecasted period is significantly higher from the historical CAGR of 8.6%. Furthermore, the market is expected to witness an absolute dollar opportunity of US$ 67.2 in the coming 10 years.

Services category is expected to garner an absolute dollar opportunity of US$ 41 Bn during 2022 – 2032. During this period, the services segment is projected to account for the majority share in the global market and is predicted to increase at a compound annual growth rate of 10.4%. The pharmaceutical and biotechnology industries are driving market expansion by increasing their use of real-world services. Among these segments, the clinical data collected during ongoing patient treatment or as a part of a formal clinical trial program is a common source of information in most medical studies.

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There can be seen a shift from volume-based to value-based care, favorable policies from the government, increasing R&D expenditure and a growing focus on end-to-end RWE services, which are driving the global market. By the end of 2032, the Global Market for Real World Evidence Solutions will show a valuation of US$ 110 Bn. Furthermore, a growing emphasis on personalized healthcare, increase in the frequency of chronic diseases, growing geriatric population, and regulatory support for the implementation of RWE solutions are expected to drive market expansion.

Due to the pandemic induced business disruptions, companies were unable to undertake on-site surveillance or deliver services that required one to one interactions. This prompted the market players to implement several cost-cutting measures and business continuity tactics to allow remote access and monitoring of patients, comments a Future Market Insights analyst.

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Market Segments Covered in Real World Evidence Solutions Market Study:

By Component:

Services
Data Sets
- Clinical Settings Data
- Claims Data
- Pharmacy data
- Patient-powered Data

By Application:

Reimbursement/Coverage & Regulatory Decision Making
Drug Development & Approvals
Medical Device Development & Approvals
Post Market Safety & Adverse Events Monitoring

By End-user:

Healthcare payers
Pharmaceutical & Medical Device Companies
Healthcare Providers
Other End-users

By Region:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Others
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Others
APAC
- India
- China
- Japan
- South Korea
- Australia
- Others
MEA
- South Africa
- Saudi Arabia
- UAE
- Israel
- Others

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Competitive Landscape:

The key players in the Real World Evidence Solutions Market are –

Cegedim Health Data
IBM
Icon Plc.
IQVIA
Medpace
Oracle
Parexel International Corp.
PerkinElmer, Inc.
PPD, Inc.
Syneos Health

Key Takeaways from the Market Study:

The Market is expected to grow at a CAGR of 10% which is significantly higher than its historical CAGR of 8.6%.
By the end of 2032, the global market for Real World Evidence Solutions will reach the valuation of US$ 110 Bn.
The services segment leads the growth among components with a CAGR of 10.4%.
The U.S. market for Real World Evidence Solutions constitutes a majority stake of 29.9% in the global market. It is expected to grow at a CAGR of 11.2% during the forecasted period of 2022 to 2032.
Drug Development and Approvals segment tops among the applications. Revenue through this segment is expected to grow at a CAGR of 10% during the forecast period.

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Medical Ventilators Market is Growing with North America Holds 28.7% Share in Global Industry

Medical Ventilators Market Overview:

The medical ventilators market worldwide is anticipated to grow from a US$ 1.4 billion valuation in 2021 to a US$ 3.1 billion valuation by 2030, expanding at a CAGR of 9.1%.

Greater emphasis on ramping up the production to address a sudden increase in demand in the time of COVID-19 pandemic is accelerating the growth of medical ventilators market.

Increase in the number of severe cases of life-threatening novel coronavirus (COVID-19) has immensely boosted the demand for medical ventilators. Strong focus of manufacturers and governments on producing more number of medical ventilators is expected to propel the market growth during the forecast period (2022-2030). Growing demand for portable and low-cost medical ventilators creates a significant opportunity for global medical ventilators market players to set their products apart from the competition and expand their businesses.

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Continuous focus on the development of portable and low-cost medical ventilators and rapid spread of coronavirus across the globe are projected to propel the global medical ventilators market growth.

Key Takeaways from Medical Ventilators Market Report:

Sales of critical care ventilators contributed maximum share to the total market value, owing to increasing use in critical care areas of hospitals and other care areas as well.

Extensive use of invasive ventilators in the management of chronic respiratory failure is expected to result in a notable share of the segment in the medical ventilators market. Hospital remains top end user contributing more than 38% of total demand, in line with high-quality clinical care and rising number of respiratory disease patients.

North America captured notable revenue share of about 30% and is expected to be the most lucrative region for the medical ventilators market during the forecast period. Increasing government funding to boost the medical industry growth in Asian countries is expected to drive growth of the medical ventilators market in the region.

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What is the Impact of the COVID-19 Crisis on the Medical Ventilators Market?
focus from other diseases to coronavirus. Whereas, there were few market, which experienced a sudden boost in their sale such as medical ventilators market.

The medical ventilator was one of the most important types of equipment used to treat COVID-19 affected patients. The demand for medical ventilators skyrocketed because most of the COVID-19 patients suffered from breathing issues, which were managed only using medical ventilators.

Increasing Production Capacity – Imperative Strategy for Market Participants

Manufacturers are now focusing on boosting ventilator manufacturing capacity to meet the urgent global demand due to the coronavirus pandemic. For instance, companies such as Medtronic, Koninklijke Philips N.V., GE Healthcare, and Getinge AB are now rapidly increasing their ventilator production by 40%-60%, to supply ventilators in response to the urgent need across the globe confronting COVID-19.

Key Market Players:

Becton Dickinson and Company
Cardinal Health
GE Healthcare
Koninklijke Philips N.V.
Draegerwerk AG & Co. KGaA
Medtronic Plc.
Getinge AB
Hamilton Medical AG
Smiths Medical
Fisher & Paykel Healthcare
Bunnell Incorporated

What does Report Cover?

Future market insights offer a unique perspective and actionable insights on medical ventilators market in its latest study, presenting historical demand assessment from 2015 – 2021 and projections from 2022–2030 based on product (critical care ventilators, and transport ventilators), by technology (invasive ventilators, and non-invasive ventilator), by end user (hospitals and ambulatory surgical centers, long term care centers, and home care settings) in seven key regions.

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Medical Ventilators Market Segmentation:

By Product:

Critical Care Ventilators
Transport Ventilators

By Application:

Invasive Ventilators
Non-Invasive Ventilator

By End-user:

Hospitals
Ambulatory Surgical Centers
Long Term Care Centers
Home Care Settings

By Region:

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

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