Market Research Blog – Page 11603 – New Product Development

Extracorporeal Membrane Oxygenation Machine Market reaching a valuation of US$ 908 Bn by the end of 2032

[311 Pages Report] The extracorporeal membrane oxygenation systems market is progressing steadily with a CAGR of 5% from 2022-2032, as per the extracorporeal membrane oxygenation systems market analysis by Future Market Insights (FMI).

Recent developments in extracorporeal membrane oxygenation systems market innovations such as miniaturization of ECMO components like hollow pumps, which are used in various surgeries, aids in the transportation of critically ill patients, thereby increasing the ECOM systems market size.

As per the ECOM systems market study, the rising use of ECMO has sparked technological advancements in extracorporeal membrane oxygenation machines of which oxygenators and heparin-coated cannulas are two major emerging trends in the ECOM systems market.

The study finds that extracorporeal membrane oxygenation devices are used in life-threatening situations when other forms of supportive care have failed. Furthermore, the use of ECMO in various healthcare settings has increased significantly owing to its wide range of applications.

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The adoption of ECMO procedures is being promoted by several government organizations. One of them is GOLD (Global Initiative for Chronic Obstructive Lung Disease), a campaign that aims to raise awareness about COPD and its treatment, which includes the use of ECMO oxygen machine thereby positively influencing the ECMO systems adoption trends.

The sudden spike in COVID-19 cases, combined with an increase in the number of critically ill patients requiring additional life support, has pushed up demand for ECMO machines. For patients with severe acute respiratory distress syndrome, extracorporeal membrane oxygenation therapy has been the preferred treatment option.

An increasing number of supportive government policies and the rapid FDA approval of extracorporeal membrane oxygenation equipment for emergency use have significantly increased the ECOM systems market opportunities.

Moreover, several companies are scaling up ECOM systems’ market share by expanding their manufacturing capabilities to meet the rising demand for assistive technologies.

On account of the factors mentioned above, the ECOM systems market is predicted to muster a revenue of about US$ 673 Mn by 2026.

Key Takeaways:

By application, high demand for early diagnosis and diagnostic imaging, and technological advancements in the extracorporeal membrane oxygenation machine market are expected to propel the respiratory segment to the top.
The arterio-venous segment is likely to hold the majority of the market based on modality owing to the benefits associated with this technology segment, such as effective dynamic range, thereby boosting the ECMO systems market growth.
Based on patient type, the adult segment is projected to lead the market as the global burden of cardiac and respiratory diseases in adults is rising due to increased consumption of alcohol, tobacco, smoking, and a sedentary lifestyle.
Based on components, the controller’s segment is expected to dominate the market, and the same can be credited to the systems’ higher adoption among end-users as a result of their lower cost when compared to others.
The portable ECMO machine segment is expected to dominate the market by product type. They are lightweight and portable, allowing them to be transported to any desired location, influencing the ECMO systems market future trends.

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“North American market is anticipated to be at the forefront of the ECMO systems market because of the presence of key players and the rising number of product launches, government support for high-quality healthcare which is also considered to be a few crucial ECMO systems market trends and the rising prevalence of diseases in the United States and Canada, such as chronic obstructive pulmonary disease resulting in increased hospital admission favoured by reimbursement policies, is expected to boost the sales of ECMO systems in this region.” asserts an FMI analyst.

Competitive Landscape:Companies like Abbott Laboratories, Medtronic, Alung Technologies, and Terumo Corporation dominate the global market.

Major global players produce the majority of ECMO support systems. Market leaders have established their position by investing more in research and having a better distribution system.

To stay competitive in the market, extracorporeal membrane oxygenation machines manufacturers are actively involved in product launches and technological innovation.

ALung Technologies, Inc. has begun commercialization of its ground-breaking next-generation artificial lung. The device is based on University of Pittsburgh intellectual property licensed to ALung Technologies, Inc.
Medtronic has released its artificial lung therapy for the treatment of COVID-19. An artificial pump that pumps blood from a person’s body to an oxygenator is called ECMO, and it also has an FDA-approved device for ECMO procedures lasting up to 6 hours.

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Key Segments By Product:

ECMO Machines
- Portable Devices
- Static Devices
Software

By Service Type:

Application
Middleware
Infrastructure

By Component:

Pumps
Oxygenators
Controllers
Cannul
Assessories

By Modality:

Veno-Venous
Veno-Arterials
Arterio-Venous

By Patient Type:

Neonates
Pediatrics
Adults

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Spinal Cord Stimulators Market is projected to be valued around US$ 5.17 billion in 2032

In terms of value, an impressive 6.4% CAGR is estimated for the global spinal cord stimulators market by a report of Future Market Insights (FMI). In 2017, the market will account for nearly US$ 2,000 Mn in revenues; by 2027 this number is estimated to reach US$ 3,568.2 Mn. Growth of the market is primarily attributed to under penetration of potential market.

Introduction of affordable devices would pave huge opportunities for the global spinal cord stimulators market across developing economies. Customized spinal cord stimulators as per the requirements of an individual is expected to offer higher growth potential for leading market players. Specialists in healthcare settings are more likely to prescribe devices that are smaller in size, owing to their easy implantation and less painful surgical procedure.

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Spinal Cord Stimulators’ Ability of Reducing Opioid Analgesics Addiction to Drive the Market Growth

Majority of patients with chronic pain are increasingly depending upon opioid analgesics; however spinal cord stimulators is capable of reducing this addiction to a great extent. Entry of additional competitors in the market is expected to increase awareness about effectiveness of spinal cord stimulators. Spinal cord stimulators are comparatively more cost-effective than conventional medical management (CMM). Leading companies in the market are taking initiatives in improving technology for spinal cord stimulators. The aforementioned factors are estimated to drive growth of the global spinal cord stimulators market.

However, spinal cord stimulators have little access to evidence-based data in order to confirm effectiveness of these devices for management of chronic pain. Clinical validation of spinal cord stimulation is based on observational data, instead of verified data. This had led several private insurance companies to refuse reimbursement of costs, which in turn is impeding the market growth. In addition, complications associated with spinal cord stimulators, such as paresthesia- characterised by burning sensation, is further expected to restrain growth of the global spinal cord stimulators market.

Rechargeable Spinal Cord Stimulators will Remain Sought-After Product in the Market

In terms of value, rechargeable spinal cord stimulators are expected to remain sought-after product in the market. Revenues amassed from sales of rechargeable spinal cord stimulators are expected to reach US$ 2,530.4 Mn by 2027-end. In addition, sales of non-rechargeable spinal cord stimulators are anticipated to expand at 4.6% CAGR through 2027. Factors such as low battery life, and requirement of surgery for replacement of battery are restricting adoption of non-rechargeable spinal cord stimulators across the globe.

Application of spinal cord stimulators will remain highest in failed back surgery syndrome (FBSS), with sales estimated to surpass US$ 1,000 Mn in 2017. In addition, complex regional pain syndrome (CRPS) is projected to be the second-fastest growing application of spinal cord stimulators in the market. In terms of value, sales of spinal cord stimulators in CRPS are estimated to register 5.8% CAGR through 2027.

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Adoption of Spinal Cord Stimulators to Witness Fastest Growth in Ambulatory Surgical Centres

Although hospitals will continue to be largest end-users of spinal cord stimulators, adoption will witness fastest growth in ambulatory surgical centres. Sales of spinal cord stimulators in hospitals are estimated to account for revenues worth US$ 627.9 Mn in 2017. Demand for spinal cord stimulators in ambulatory surgical centres is projected to exhibit 6.8% CAGR through 2027. In contrast, demand for spinal cord stimulators in clinics will remain sluggish in the market.

North America will continue to remain dominant in the global spinal cord stimulators market, with sales estimated to reach nearly US$ 3,000 Mn in revenues by 2027-end. Western Europe will remain the second-largest market for spinal cord stimulators, expanding at 6.1% CAGR through 2027. In addition, markets in Eastern Europe and Japan are estimated to exhibit parallel expansion at 6% CAGR through 2027.

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Key market players identified in FMI’s report include

Boston Scientific Corp.
Medtronic Private Limited Company
St Jude Medical LLC
Nevro Corp
Nuvectra Corporation
Stimwave
Saluda Medical PTY Limited.

Spinal Cord Stimulators Market TaxonomyRegion

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

End User

Hospitals
Ambulatory Surgical Units
Clinics

Application

Failed Back Surgery Syndrome
Complex Regional Pain Syndrome
Ischemic Limb Pain
Others

Product Type

Rechargeable
Non-Rechargeable

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Branded Generics Market Analysis, Recent Trends and Regional Growth Forecast by 2031

[280 Pages Report] ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global branded generics market will register healthy growth at a CAGR of 5.8% between 2021 and 2031.

The swift growth of branded generics market can be attributed to the growing number of patent expiry of branded or blockbuster drugs along with increasing prevalence of chronic diseases. Rising demand for cheap medical treatments is positively impacting the demand in the market.

Branded generics are pharmaceutical drugs that have been re-released with a different brand name. They are used to treat various diseases such as diabetes, hypertension, back pain and others. These drugs occupy small but lucrative subset of the entire generic market

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Since branded generics are free from patenting, companies are investing handsome amounts on this drug category. The market is set to reach a valuation of around 283.2 Bn in 2021, with top players in tier-1 accounting for 20%-25% market share.

The entry of new players, simple market authorization procedures, greater profit margin and off-invoice discounts will expand branded generics market during the forecast period.

As per the FMI’s analysis, despite the slight setback due to the pandemic, the global branded generics market registered year-on-year (Y-o-Y) growth at 4.9% CAGR during 2020-2021.

“Rising demand for branded generics across both developing and developed economies along with high penetration of pharmaceutical industry will offer lucrative growth opportunities for the branded generics manufacturers during the forecast period” says the FMI analyst.

Key Takeaways from FMI’s Branded Generics Market Study

China and India are spearheading the growth of Asia Pacific market spurred by the increasing adoption of branded generics by large-scale pharmacy chains in the emerging economies
The U.S. will lead the North America’s branded generics market, registering a growth at 3.83% CAGR during the forecast period.
The market in India is expected to offer lucrative growth opportunities to branded generics manufacturers backed the expansion of pharmaceutical industry
In terms of therapeutic application, cardiovascular diseases and diabetes are expected to account for considerable market share
Oral solid dose pharmaceutical formulation continues to be highly preferred among patients. The oral segment accounts for over 55% share of the global branded generics market.

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Competitive Landscape

Teva, Abbott Laboratories, Novartis, Mylan, Pfizer are some prominent players operating in the branded generics market cumulatively hold around 20-25% market share.

Key players operating in branded generic market are focusing on expanding their business in emerging markets. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

In October 2020, Glenmark Pharmaceuticals, introduces NINDANIB (Nintedanib) for the treatment of pulmonary fibrosis in India. Glenmark has been amongst the first to launch the branded generic version at an affordable cost for the treatment of pulmonary fibrosis in India.

More Valuable Insights on Branded Generics Market

In its latest report, FMI provides an incisive coverage on the global branded generics market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.The study provides compelling insights on branded generics market on the basis of therapeutic application (oncology, cardiovascular diseases, diabetes, neurology, gastro intestinal diseases, dermatology diseases, analgesic and others), drug class (alkylating agents, anti-metabolites, hormones, anti-hypertensives, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics and others ), formulation type (oral, parenteral, topical, others) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, drug stores) across seven major regions.

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Branded Generics Market by Category Therapeutic Application:

Oncology
Cardiovascular Diseases
Diabetes
Neurology
Gastrointestinal Diseases
Dermatology Diseases
Analgesics and Anti-inflammatory
Others

Drug Class:

Alkylating Agents
Antimetabolites
Hormones
Anti-Hypertensive
Lipid Lowering Drugs
Anti-Depressants
Anti-Psychotics
Anti-Epileptics
Others

Formulation Type:

Oral
Parenteral
Topical
Others

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores

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Revision Knee Replacement Market is estimated to reach US$ 2 Billion with a CAGR of 4.1% by 2032

The market for revision knee replacements is expected to reach $1.3 billion by 2022. The revision knee replacement market is expected to reach $2 billion by 2032, with a CAGR of 4.1 percent.

Revision knee replacement also known as revision total knee arthroplasty, is a procedure in which already implanted artificial knee joint, or prosthesis is replaced with a new prosthesis. Revision knee replacement also include the use of bone grafts. The bone graft can be an autograft which is taken from the site in patient’s body or allograft where the bone tissue comes from donor.

Report Attribute	Details
Revision Knee Replacement Market Value (2022)	US$ 1.3 Billion
Revision Knee Replacement Market Anticipated Forecast Value (2032)	US$ 2 Billion
Revision Knee Replacement Market Projected Growth Rate (2022-2032)	4.1%

There are three major purpose of revision knee replacement: relieving pain in the affected area, restoring the mobility of the patient, and removing loose or damaged prosthesis. Total knee replacement surgery is most successful but over time if the fails due to various reasons then revision knee replacement is done. Revision knee replacement have the same goal to relive pain and improve function like the total knee replacement surgery.

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Revision knee replacement surgeries are more complex and take longer time and extensive planning and specialized implants and tools are required to achieve better results. There are various type of revision surgery. In certain cases only on implants or component is replaced. Other time all the three component- tibia, femoral and patellar needs to be replaced and the bone around the knee needs to rebuild with the metal piece or bone graft.

The major step in revision surgery is the removal of the old femoral component. After the removal of the metal shell in the femoral, damaged bone is scraped off and the femur bone is reshaped. If the bone is weak, the cavity inside the femur is filled with bone grafts.

Revision Knee Replacement Market: Drivers and Restraints

The revision knee replacement is expected to grow due to the increasing rate of old age diseases like obesity arthritis, sports related injuries, osteoporosis, diabetes and aging population and. However existing and upcoming advancement in the technology in the revision knee replacement such as minimally invasive surgery and better implant materials are the factors that drive the revision knee replacement market globally.

Increasing investment in the healthcare sector also drive the market of the revision knee replacement market. Despite the widely used procedures for curing disease the global revision knee replacement market is facing challenge such as economic slowdown which is forcing patients to reconsider elective surgeries when the conservative medical treatments such as viscosupplementation may ease the pain. High cost surgery, growing awareness for the non-surgical treatment methods such as exercise, walking aids, and weight loss inhibits the market of the revision knee replacement market.

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Revision Knee Replacement Market: Overview

Revision knee replacement market is one of the most effective and widely used to relive the pain of arteritis. Technological advancement in the knee replacement market such as minimally invasive implant materials and their success rate allowing even the younger generation to undergo revision knee replacement.

The revision knee replacement promotes technologies such as 3D printed knee implants. The emerging revision knee replacement market due to advancement in the technologies and new product launch. The manufacturing companies are raising their respective market share with the help of marketing activities and growing awareness among the people.

Revision Knee Replacement Market: Regional Outlook

The market for limb correction system are examined across the region such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominates the revision knee replacement market due to high patient awareness, increasing healthcare expenditure and relatively larger number of research and development increase in the advancement in the technology which contribute to the revenue generation from the region.

Asia Pacific is expected to grow owing to the increasing prevalence and rapid booming medical tourism industry in the emerging economics of India and China propel the growth of the revision knee replacement market.

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Revision Knee Replacement Market: Key Players

Some of the key players in the Revision Knee Replacement Market are Smith & Nephew Plc, Wright Medical Group, Inc, Zimmer Holdings, Biomet, Inc., Exactech, Stryker Corporation, DePuy Companies, Inc , B. Braun Melsungen AG, DJO Global, Ortho Development, Limacorporate S.p.a., SURGIVAL INTERNATIONAL, BEZNOSKA, s.r.o., whereas some and regional players also have a significant presence in revision knee replacement market.

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

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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.

Revision Knee Replacement Market: Segmentation

Tentatively, global revision knee replacement market has been segmented on the basis of product type, fixation type and end user.

Based on product type, global revision knee replacement market is segmented as below:

Three compartmental
Unicompartmental

Based on fixation type, global revision knee replacement market is segmented as below:

Cemented
Cementless

Based on end user, global revision knee replacement market is segmented as below:

Hospitals
Orthopedic and Prosthetic Clinics
Others

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IV Infusion Gravity Bags Market to expand at a 5.87% value CAGR by 2032

The global IV infusion gravity bags market was worth US$ 723.8 million in 2022 and is expected to be worth US$ 1281.3 million by 2032, growing at a CAGR of 5.87 percent during the forecast period.

IV infusion gravity bags are adopted for transferring medication straight into intravenous of the patient. IV infusion gravity bags are based on gravitational pull which provides external pressure on the liquid (high height is directly proportional to higher pressure). IV infusion gravity bags are used for fast transport of liquid medication throughout the patient’s body. IV infusion gravity bags are mainly accepted for its use in fluid replacement therapies such as dehydration, electrolyte imbalance, and also for blood transfusion. IV infusion gravity bags range from 50ml to 1000ml.

In addition, IV infusion gravity bags are kept at height by hanging through IV pole. The IV infusion gravity bags mainly comprises of following parts such as drip chamber, roller clamp, slide clamp, and injection port. The working of IV infusion gravity bags are based on gravitational pressure that pushes liquid medication down through tubing/pipe into patient’s veins.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 684.15 Million
Expected Market Value (2022)	US$ 723.8 Million
Anticipated Forecast Value (2032)	US$ 1281.3 Million
Projected Growth Rate (2022-2032)	5.87% CAGR

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IV Infusion Gravity Bags Market: Drivers and Restraints

The IV infusion gravity bags market shows a healthy growth during the forecast period. The factors such as increasing number chronic disorders and increasing number of surgeries on the global level are driving the growth of IV infusion gravity bags market. In addition, increasing the prevalence of malnutrition and blood transfusion processes in emerging economies are also gardening the market growth of IV infusion gravity bags. However, lack of sophisticated healthcare infrastructure and scarcity of skilled professionals in developing and under-developed regions are hindering the growth of IV infusion gravity bags market.

IV Infusion Gravity Bags Market: Overview

The IV infusion gravity bags carries infusion material for delivering into patient’s vein. The flow of medication through IV infusion gravity bags are controlled by using roller clamp device located on IV pole. IV infusion gravity bags shows a high rate of penetration owing to use in home care settings. With the increasing penetration and ease in availability through the e-commerce website is boosting the growth of IV infusion gravity bags market.

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IV Infusion Gravity Bags Market: Region Wise Outlook

Geographically, IV infusion gravity bags market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is projected to hold the largest share of IV infusion gravity bags in the global market, followed by Western Europe, owing to increasing surgical procedures in this region.

In addition, presence of sophisticated healthcare facility, and rising prevalence of chronic and acute disorders are also gardening the growth of IV infusion gravity bags market. The market in Asia Pacific excluding Japan is anticipated to show the fastest CAGR over the forecast period owing to the presence of large population base and increasing number of hospitals and clinics. However, the market in regions such as Latin America, Eastern Europe, and Middle East and Africa show steady growth over the forecast period.

IV Infusion Gravity Bags Market: Key Players

Some of the market participants in the global IV infusion gravity bags market are Haemotronic Advanced Medical Technologies, Sippex IV Bag, Kraton Corporation, ICU Medical, Inc., Baxter International Inc., Terumo BCT Ltd., The Metrix Company, Renolit, Technoflex, and Bioteque Corporation.

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Key Segments Profiled In The IV Infusion Gravity Bags Market Industry Survey

IV Infusion Gravity Bags by Material type:

Polypropylene (PP) IV Infusion Gravity Bags
Polyvinyl Chloride (PVC) IV Infusion Gravity Bags
Ethylene-Vinyl Acetate (EVA) IV Infusion Gravity Bags
Low-Density Polyethylene (LDPE) IV Infusion Gravity Bags
Others

IV Infusion Gravity Bags by Layer Type:

Single Layer IV Infusion Gravity Bags
Multiple Layer IV Infusion Gravity Bags

IV Infusion Gravity Bags by End User:

IV Infusion Gravity Bags for Hospitals
IV Infusion Gravity Bags for Clinics
IV Infusion Gravity Bags for Ambulatory surgical Centers
Others

IV Infusion Gravity Bags by Region:

North America IV Infusion Gravity Bags Market
Latin America IV Infusion Gravity Bags Market
Europe IV Infusion Gravity Bags Market
Asia Pacific IV Infusion Gravity Bags Market
MEA IV Infusion Gravity Bags Market

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Computer Keyboards Market Size, Share, Trend, Growth Analysis Report, Forecast to 2025

Future Market Insights offers a 10-year figure of the worldwide computer keyboards market somewhere in the range of 2015 and 2025. The report characterizes 2014 as the base year and gives information to the accompanying a year. As far as worth, the computer keyboards market is supposed to enlist a CAGR of 2.3% during the figure time frame.

Report Description

This research report provides a detailed analysis of ergonomic keyboards to identify factors driving the popularity of these keyboards across different verticals. This study demonstrates market dynamics and trends of regions, which influence the current nature and future status of the computer keyboards market during the forecast period.

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Additionally, the report comprises segments such as end-user preference analysis, cases of RSIs, and overview of different keyboard layouts to provide a clear picture of the market. A detailed analysis of the value chain and Porter’s five forces analysis further empowers clients to formulate strategies for every stage of their business.

Rising demand for comfortable devices at workplaces is advancing the adoption of ergonomic keyboards, which have become quite popular among employees who perform significant amounts typing. Additionally, leading players operating in the industry are marketing products through multiple distribution channels to increase sales across the globe. This ensures wider and easier consumer access to ergonomic products and boosts market growth.

This report provides FMI’s analysis on key trends, drivers, and restraints influencing the global computer keyboards market. The weighted average model is leveraged to identify the impact of key growth drivers and restraints across various geographies in order to help clients frame accurate business strategies.

Given the ever-fluctuating global economy, the report not only forecast the market on the basis of CAGR, but also analyses the impact of key parameters in each year of the forecast period. This helps client to understand the predictability of the market and identify the right opportunities across the market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for assessing the level of revenue opportunity in the market.

In the final section of the report, computer keyboards market competitive landscape is included in order to present the client with a dashboard view based on the categories of providers in the value chain, product portfolios, and key differentiators. This section is important for gleaning insights about the participants in the market’s ecosystem. Additionally, it enables identification and evaluation of key competitors based on in-depth assessment of their capabilities and successes in the marketplace.

The report provides comprehensive profiles of the providers to evaluate their long-term and short-term strategies, key offerings, and recent developments. Key competitors covered in this report include Microsoft Corporation, Logitech International SA, Kinesis Corporation, Gold Touch Enterprises Inc., Adesso Inc., Fellowes Inc., Posturite Ltd., Datadesk Technologies, Fentek Industries, Inc., and Shenzhen V4 Electronics Co. Ltd.

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Key Segments

By Type:

Basic Keyboard
Ergonomic Keyboard

By Switch Keyboard:

Membrane Keyboard
- Dome-Switch Keyboard
- Scissor-Switch Keyboard
- Capacitive Keyboard
Mechanical Switch Keyboard

By Size:

Standard Size Keyboard
Laptop Size Keyboard
Thumb Size Keyboard
Numeric Keyboard

By Application:

Corporate
Personal
Gaming

Region:

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

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Web Real Time Communication Solution Market Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2031

The interest for web real time communication solution is supposed to top US$ 4,528.3 Mn in 2021. According to Future Market Insights (FMI) investigation, the market will enlist amazing development at 44.4% CAGR somewhere in the range of 2021 and 2031, as undertakings all over the planet are showing popularity for web real time communication solutions and administrations.

According to the changed report by Future Market Insights (FMI), the worldwide web real time communication solution market is expected to extend at a CAGR of 44.4% over the figure period (2021-2031). The development can be credited to the developing interest for real time communication over the web, with a market valuation anticipated to arrive at US$ 4,528.3 Mn in 2021.

Other than this, the market is driven by the money saving advantages presented by cloud-based arrangements of web real time communication solutions and a rising number of web clients. The essential elements driving the development of the web real time communication solution market incorporate the rising interest for real-time communication over program and portable applications.

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Key Takeaways from Web Real Time Communication Solution Market Study

Large enterprise applications will dominate the market through 2031 with 60.4% value share, supported by large-scale data transformation requirements in these businesses and increasing demand from small and medium enterprises. The IT & telecom industry will reflect higher adoption rates holding 29% of the market in 2021, supported by the introduction of 5G technologies. China leads the East Asia market, reflecting a CAGR of over 49.3% through 2031, with growing demand for cost effective web real time communication solution for SMEs in the region. The U.S. market is projected to expand at a CAGR of 42.8% through 2031, supported by the presence of key players in the market. Germany will hold the lead in Europe by the end of 2031, with a CAGR of over 54.5% owing to the rising penetration of the internet and smartphone technologies in the region.“Growing adoption of secure & robust communication coupled with increasing demand from small and medium enterprises is expected to drive the adoption of web real time communication solution. Digital transformation investments are expected to create opportunities in the foreseeable future for the web real time communication solution market,” says a Future Market Insights (FMI) analyst.

Impact of COVID-19 on Web Real Time Communication Solution Market

The COVID-19 pandemic has disrupted many industries, including the market for web real time communication solutions and services. Different industry verticals have suffered notable losses as a result of mobility and travel restrictions for public health reasons, among other social distancing measures.

Disruptions in services are having an impact on economies and trade, given the role of services in offering inputs connecting supply chains and facilitating trade. The extent of impact on trade varies by mode of supply and sector.

Trade involving proximity among consumers and suppliers is severely impeded. The COVID-19 crisis is leading to greater adoption of online services in retail, education, health, and telecom sectors. The outbreak of the COVID-19 crisis has led to the withdrawal of several corporate events, international seminars, trade shows, and investor presentations. As a result, these events have turned towards web real time communication solutions and services for communication, thereby driving the market growth.

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Who is winning?

The moderately consolidated web real time communication solution market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic endeavors towards geographical expansion. Moreover, growing demand for automation and digitalization tools is anticipated to drive the growth of the web real time communication solution market.

Prominent players in the web real time communication solution market include but are not limited to Avaya Inc., Google Inc., Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Ericsson, TokBox Inc., Mitel Networks Corporation, AT&T Inc., Plivo Inc., and Twilio, Inc., among others.

More Valuable Insights on Web Real Time Communication Solution Market

A revised market research report published by Future Market Insights (FMI) on the global web real time communication solution market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of component (WebRTC solution and services); enterprise size (SMEs and large enterprises); industry (IT & telecom, BFSI, media & entertainment, healthcare, government, manufacturing, and others), and across six major regions.

Competitive Landscape

According to the Future Market Insights analysis, Avaya Inc., Google Inc., Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Ericsson, TokBox Inc., Mitel Networks Corporation, AT&T Inc., Plivo Inc., and Twilio, Inc., among others are identified as key players in the web real time communication solution landscape.

Companies offering web real time communication solution are aiming for innovation in their offerings and strategic partnerships with other software vendors in order to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new solutions and services and strategic partnerships are key with the top players in the web real time communication solution landscape.

For instance, in March 2020, Ribbon Communications Operating Company, Inc. launched “Work@Home”, a cloud-based offering to provide advanced remote working capabilities for enterprises. The cloud-based offerings include comprehensive Unified Communications and Collaboration solution with the company’s smart office that is aimed at providing screen sharing, conferencing, and group chat services on for mobile and desktop users.

Web real time communication solution providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.

For instance, in September 2019, Cisco Systems completed the acquisition of Voicea, a provider of real-time solutions. The acquisition was aimed at enhancing the former company’s Webex portfolio with transcription services that merged artificial intelligence and the automated speech recognition together.

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Market Segmentation by Category

Component:

WebRTC Solution
- Cloud based
- On premise
Service
- Consulting Services
- Integration & Implementation Services
- Design & Development Services
- Support & Maintenance

Enterprise Size:

SMEs
Large Enterprises

Industry:

IT & Telecom
BFSI
Media & Entertainment
Healthcare
Government
Manufacturing
Others

Region:

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

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Battery Management System Market: Key Players, Applications, Outlook, SWOT Analysis & Forecast to 2031

The battery management system (BMS) market is set to display outstanding development somewhere in the range of 2021 and 2031. According to a concentrate by Future Market Insights (FMI), the market is ready to enroll somewhat above 15% Y-o-Y development in 2021 supported by BMS applications across different ventures.

A battery management system (BMS) is an electronic system that keeps up with the ideal soundness of battery-powered batteries. The system oversees batteries by controlling the heap climate, checking battery state, and as needs be adjusting the charging.

It additionally has attributes like cell balance, cell observing, wellbeing/assurance, and charging control/checking. Such qualities’ reliability is permitting the market to grow. This is especially evident on account of the vehicle business. Electric vehicle deals are developing, and severe limitations pointed toward lessening contamination are giving a lift to the car area’s interest.

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The car business, as indicated by FMI, will keep on representing most of deals over the projection period. The developing notoriety of e-bicycles and electric vehicles will guarantee consistent interest in the market.

Key Takeaways of Battery management system (BMS) Market Study

Increasing demand for disruptive battery management systems will enable the battery management system market exhibit above 15% Y-o-Y growth in 2021
The U.S. will remain a lucrative market for sales accounting for over 84% of North America market despite dip in demand exhibited in 2020 amid COVID-19
The U.K. will exhibit a little below 10% Y-o-Y growth in 2021, after relatively slower growth recorded in 2020
Germany and France will continue exhibiting high demand for battery management systems
South Korea and Japan will lucrative markets for BMS in East Asia

Growing Uptake of Rechargeable Batteries to Boost Market

In the consumer electronics industry, the use of rechargeable batteries is increasing. Power tools and vacuum pumps, for example, employ rechargeable batteries. Given this, the market is being driven by a rise in demand for these items.

Increased popularity of electronic devices such as power tools, garden tools, portable medical equipment, portable battery packs, and other technology items will also boost market growth throughout the predicted period.

More Valuable Insights on Battery management system (BMS) Market

A new market research report published by Future Market Insights (FMI) on the global battery management system (BMS) market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of battery type (lithium ion, advanced lead-acid, and others), topologies (centralized, modular, and distributed), components (battery control unit and battery communications interfaces (CAN bus)), application (automotive (electric vehicles,E-Bikes, and others), military (military drones, submarines,and others), consumer/ handheld (power tools, home appliances, and others), healthcare, retail & CPG, others), telecom, energy (grids, wind/solar farms, and others) and others across six major regions.

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Battery Management System (BMS) Market by Category

Battery Type

Lithium Ion
Advanced Lead-Acid
Others

Topologies

Centralized
Modular
Distributed

Components

Battery Control Unit
Battery Communications Interfaces (CAN bus )

Application

Automotive
Military
Consumer/ Handheld
Telecom
Energy
Others

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Smart Elevator Automation System Market Analysis, Driver, Trends, Business Overview, Key Value, Demand & Forecast to 2027

As far as worth, the worldwide smart elevator automation system market is supposed to develop at a CAGR of 14.3% during the estimate time frame. The worldwide smart elevator automation system market was esteemed at US$ 8,487.6 Mn in 2016, and is projected to develop essentially to arrive at US$ 36,417.8 Mn by 2027 attributable to expanding development of new tall structures and developing urbanization.

In this report, FMI has divided the worldwide smart elevator automation system market based on help, part, end clients and area. By administration, the smart elevator automation system market is additionally portioned into establishment administration, fix and upkeep administration and modernization administration.

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Future Market Insights as of late distributed a report named “Smart Elevator Automation System Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027”. Smart elevator automation system is another age of elevators furnished with imaginative innovations, which offer different offices alongside security.

The smart elevator automation system is intended to limit the general energy utilization and oversee traveler traffic productively inside a structure. With the progression in innovation and changing structure foundation, smart elevator automation systems have become adaptable to oversee building traffic safely. These variables are supposed to support the development of the worldwide smart elevator automation system market.

Smart Elevator Automation System Market: Segmental & Regional Forecast

Governmental regulations & standards for global green infrastructure, reduction in the operational cost and automation are the major factors expected to drive the growth of the smart elevator automation system market. In terms of value, the residential sector sub-segment is projected to register high growth during the forecast period in the global smart elevator automation system market.

Based on component, the card reader sub-segment in the smart elevator automation system market is expected to grow at a high CAGR of 19.2% over the forecast period. However, the sensor motor & automation system sub-segment is expected to capture large share in the global smart elevator automation system market as their demand is increasing to maximise energy efficiency and elevator travel speed.

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Furthermore, the global smart elevator automation system market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the Asia Pacific Exc. Japan Smart elevator automation system market is estimated to expand with a CAGR of 18.6% over the forecast period.

This can be attributed to transformation of the existing infrastructure and increasing number of smart city projects. In Western Europe, Germany is expected to be the dominant market for smart elevator automation system, and to create incremental opportunity of US$ 2,042.8 Mn between 2017 and 2027.The growing demand for enhanced safety and security systems is one of the major factors fuelling the growth of the smart elevator automation system market in Western Europe.

Companies Operating in the Smart Elevator Automation System Market

Examples of some of the key participants covered in the report of the smart elevator automation system market include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. The report also describes company-specific strategies, key differentiators, market structure and competitive share analysis related to prominent industry stakeholders.

Key Segments Covered

By Service
By Component
By End-user

Key Regions covered:

North America
Latin America
Western Europe
Eastern Europe
Japan
APEJ (Asia Pacific excluding Japan)
MEA

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Smart Fitness Market Analysis, Driver, Trends, Business Overview, Key Value, Demand & Forecast to 2031

The worldwide smart fitness market income added up to ~US$ 13 Bn in 2020, as per Future Market Insights (FMI). The general smart fitness market size is supposed to arrive at ~US$ 50 Bn by 2031, developing at a CAGR of 12% for 2021 – 31.

As per the smart fitness industry examination by Future Market Insights (FMI), the interest enrolled in the market will increment at a sound CAGR of 12% from 2021-2031.

The report likewise estimates that the market will outperform a valuation of ~US$ 15 Bn toward the finish of 2021. According to FMI, advancements in wearable detecting innovations and send off of pocket-accommodating wearable fitness trackers for wellbeing checking and tending to medical problems will stay boss development drivers.

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In the beyond couple of years, the rising ubiquity of wearable fitness trackers has urged producers to zero in on fostering the new plans and examples in type of groups and looks as well as looking like rings, pendants, and identifications that can be effectively conveyed or connected to attire.

Key Takeaways: Smart Fitness Market

By component, the smart accessories segment is anticipated to account for the leading share in the global demand for smart fitness. The segment is estimated to grow at a robust CAGR through 2031.
The adoption of smart accessories like smart watches is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a 2X between 2021 and 2031.
North America is expected to lead the market followed by Europe in 2021.
South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in U.K. is expected to progress at a CAGR of around 15% through 2031.
In the India, sales are expected to increase at a CAGR of nearly 18% over the next ten years.

Demand for Wearable Devices is Bolstering the Market Growth

The demand for wearable devices such as smart bands, smart watches, activity trackers integrated with AI capabilities is increasing as these devices help in detecting irregularities in health data and give early warnings for condition like heart disease or diabetes. AI-enabled wearable devices are gaining traction as they help in monitoring the health and give alerts about movements, incorrect posture, and other vital health factors.

Wearable device provides fitness, sleep, and recovery data to help an individual adopt a healthy lifestyle. Many smart watch vendors are adding blood oxygen sensors in their device as standard, ECG monitors, and other functionalities to provide warnings or early signs of potential ailment and make suggestions about improvement in health.

Demand for Wearable Devices is Bolstering the Market Growth

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More Valuable Insights on Smart Fitness Market

FMI’s report on the smart fitness industry research is segmented into three major sections – component (smart accessories, strength training equipment, cardiovascular equipment, cross-training equipment), smart accessories (smart watches, smart bands, activity trackers, heart rate, monitor, pedometer, sleep quality monitor), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smart fitness demand outlook.

Smart Fitness Outlook by Category

By Component: