High Flow Nasal Cannula Market Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2030

Market research company Future Market Insights’ projections on the high flow nasal cannula market reveal that the market is slated to be valued at ~US$ 18 Bn by 2030. Technological advancements by key market players are also anticipated to burgeon the high-flow nasal cannula market. Moreover, clinical trials for evaluating new application areas shall open up new avenues for the market. According to the Global Burden of Disease Study, 2013, around 300 million people suffered from COPD during that year. This is attributed to growing addiction for smoking, deteriorating air quality and rising pollution across the globe. The prevalence of respiratory disorders will further boost market prospects.

Growing prevalence of respiratory disorders have led to an increase in the uptake of high-flow nasal cannula (HFNC) devices. The Center for Disease Control and Prevention (CDC) acknowledges the high-flow nasal cannula oxygenation therapy as a standard recommended therapy across the United States, especially during the COVID-19 pandemic.

Following this development, healthcare providers are facilitating extensive research on how to better integrate this technology in providing relief for severely infected patients. In the pre-COVID-19 scenario, HFNC was being administered to patients with acute respiratory distress syndrome (ARDS) and acute lung injury (ALI). These conditions were responsible for a majority of respiratory casualties.

Such extensive applications to correct respiratory anomalies is anticipated to sustain the market demand for HFNC treatment solutions and devices throughout the forecast period.

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“Rising incidence of respiratory problems is anticipated to steer the high-flow nasal cannula market towards a positive growth trajectory. Moreover, the coronavirus pandemic is anticipated to leverage market prospects, owing to its suitability in oxygen delivery to patients,” opines an FMI analyst.

Key Takeaways from FMI’s High Flow Nasal Cannula Market Report

  • North America and Europe shall capture half of the HFNC market
  • E-commerce to be the most widely used channels for HFNC device delivery due to preference for contactless transactions
  • Homecare settings to extensively use HFNC treatment devices
  • Infant bronchitis and pneumocephalus to generate fertile ground for HFNC treatment during 2020-2030
  • Single-use nasal cannulas gain traction during the COVID-19 crisis
  • High flow nasal cannula market shall expand at over 12% CAGR in 2020

High Flow Nasal Cannula Market- Key Trends

  • Continuous product launches to flood the global HFNC market as vendors look to acquire a competitive edge over their rivals
  • Smooth oxygen delivery of heated, humidified oxygen at a flow rate of 60 liters per minute makes HFNC an ideal treatment method for respiratory patients
  • Partnerships and collaborations with research institutions and hospitals are increasing in order to provide treatment for severely affected COVID-19 patients

High Flow Nasal Cannula Market: Region-wise Analysis

  • Single-use HFNC devices are gaining traction across the German, Japanese and English markets respectively
  • The United States market shall expand at over 10% CAGR by 2020-end
  • Growing healthcare literacy amongst the population shall propel HFNC usage in India and China
  • Japan dominates the East-Asian high flow nasal cannula market

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High Flow Nasal Cannula Market: Competitive Landscape

The high flow nasal cannula market is characterized by the presence of numerous players, making the market highly fragmented. The players are capitalizing on new product launches to acquire a market foothold.

For instance, in Jan 2019, ResMed unveiled its MOBI portable oxygen concentrator across the US market to address patients suffering from chronic obstructive pulmonary disease (COPD). Later that year, in May 2019, Fisher & Paykel Healthcare Ltd. launched the Optiflow 3S nasal cannula technology.

Likewise, Teleflex launched the Hudson RCI Comfort Flo Plus Cannula which concentrates on administering oxygen to the upper airway dead space, providing a greater level of comfort.

High Flow Nasal Cannula Market Taxonomy

Component

  • Air/Oxygen Blender
  • Active Humidifier
  • Nasal Cannulas
  • Heated Inspiratory Circuit
  • Consumables

Medical Application

  • Acute Respiratory Failure
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Bronchiectasis
  • Carbon Monoxide Toxicity
  • Sleep Apnea
  • Acute Heart Failure
  • Others

End User

  • Hospitals
  • Specialty Clinics
  • Long-term Care Centers
  • Ambulatory Care Centers
  • Homecare Settings

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Region/Country

North America

  • U.S
  • Canada

Latin America

  • Argentina
  • Brazil
  • Mexico
  • Rest of LATAM

Europe

  • EU-5
  • Russia
  • Rest of Europe

South Asia

  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Rest of South Asia

East Asia

  • China
  • Japan
  • South Korea

Oceania

  • Australia
  • New Zealand

Middle East & Africa (MEA)

  • GCC
  • South Africa
  • Rest of MEA

Want more insights?

High flow nasal cannula market, a new study from Future Market Insights, states the indications of high flow nasal cannula from 2015 to 2019 and presents demand projections from 2020 from 2030 on the basis of components (air/oxygen blender, active humidifier, nasal cannulas, heated inspiratory circuit, and consumables), application (acute respiratory failure, chronic obstructive pulmonary disease (COPD), bronchiectasis, carbon monoxide toxicity, sleep apnea, acute heart failure, and others), and end user (hospitals, specialty clinics, long-term care centers, ambulatory care centers, and homecare setting) across seven prominent regions.

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Herbal Medicinal Products Market is estimated to reach US$ 360.35 Billion by the end of 2031

Government initiatives undertaken around the world, especially in the West to encourage the use of herbal medicine has resulted in the development of mass distribution networks, increasing prescription of homeopathic medications, and demand for Ayurveda treatments.

According to a recent study by Future Market Insights (FMI), these factors have proven crucial at enabling growth in the herbal medicinal market. Sales of herbal medicines are expected to top US$ 171.62 Bn in 2021, at a CAGR of 7.7% during the forecast period (2021-2031).

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Soaring concerns pertaining to adverse effects of allopathic medicines has been causing gradual shift of preference in favor of traditional herbal medicines. These medicines are often used for treatment of ailments including neurological diseases, cough, cold & flu, sexual problems, feminine problems, and metabolic diseases. Herbal remedies are used to maintain health and systemic balance, of body functions without sedation and side effects.

In 2015, La Political de Attention Integral a la Saluda Indigene de FUNASA of Brazil promoted traditional systems of health of indigenous communities. Similarly, the government has recognized homeopathic medicines as a medical specialty and included it in the National Health System. Brazil is currently home to around 12,000 homeopathic physicians and 300 homeopathic pharmacists.

As per the World Health Organization (WHO), around 60% of the world’s population is reliant on herbal medicines for primary health care needs. In developing countries, this number accounts for up to 80%. Around 75% of such sales are made through direct user-pharmacy contacts. The growing trend of online pharmacies and mail-on-order purchases drives the demand for self-medication.

The global geriatric population is rapidly expanding with higher life expectancy rates. According to the World Bank, in 1990, the average mortality among geriatric world population was around 6 %, which increased to 9.5% in 2020. The prevalence of chronic diseases associated with an aging population portrays the need for effective medications.

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Key Takeaways from Protein A Resin Study:

  • Demand for Chinese medicines is expected to grow at 8.2% CAGR through 2031, owing to investments into promotion of traditional Chinese medicine.
  • Retail pharmacies are projected to capture over 23% of the global market by 2031. This is attributed to availability of consumer health products.
  • Europe is the largest revenue-generating region for herbal medicinal products, with Germany accounting for nearly 18% of the regional market in 2031.
  • China holds the leading position in East Asia, and is expected to account for over 49% of the market in 2031.
  • South Asia is the third most lucrative market with India accounting for over 74% of the share in 2031.

Competitive Landscape

  • Manufacturers of herbal medicine are primarily aiming to carry out strategic expansions and filing patents to consolidate growth in a competitive market.
  • For Instance, In Oct 2020, the Arkopharma SA filled a patent for the Arkodigest® No Reflux 100% natural composition to improve digestion.
  • In November 2020, Mountain Rose Herbs purchased the Phoenix Industrial Park in Eugene, with 205,000 square feet of operational space and a 12-acre campus, as a part of business expansion strategy to develop it into green space.

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The key market players covered by FMI include :

  • Blackmores Limited,
  • Sanofi-Aventis Healthcare PTY Ltd.,
  • Arkopharma SA,
  • Nutraceutical Corporation,
  • STADA Arzneimittel AG,
  • Himalaya Global Holdings Ltd,
  • Integria Healthcare,
  • Boiron Group,
  • Young Living Essential Oils,
  • Mountain Rose Herbs

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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Exosome Diagnostic and Therapeutics Market is projected to reach USD 175.4 million by 2028

Future Market Insights in its recent research report titled “Exosome Diagnostic and Therapeutics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers several factors that are influencing the robust growth of the global market. As per this research report, the global exosome diagnostic and therapeutic market is projected to expand at a high CAGR of 23.1% during the period of assessment.

The exhaustive research publication includes key trends, opportunities, threats, growth drivers and challenges that impact the global exosome diagnostic and therapeutics market. Detailed pricing analysis of different exosome diagnostic and therapeutics across key regions is also discussed in the research study. The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out which is used to track the future projections for a period of ten years, pertaining to value, of the global exosome diagnostic and therapeutics market.

Global Market for Exosome Diagnostic and Therapeutics: Underlying Forces Influencing Growth

The growth of global market for exosome diagnostics and therapeutics is influenced by several factors. Increasing need for screening and diagnosis of chronic diseases coupled with high therapeutic potential of exosomes are fuelling the adoption of exosome diagnostics and therapeutics. Moreover, introduction of explicit systems for analysis of proteins specific to exosomes, increasing research and development activities supported by favourable government policies across various regions and increasing popularity of exosome over CTC and ctDNA are expected to trigger the growth of the global market for exosome diagnostic and therapeutics market in the years to follow. On the contrary, lack of standardization and validation requirements for isolation of exosomes is expected to pose hindrances to the growth of the global market. Other factors negatively impacting the market’s growth include heavy investments in research and development and insufficient insurance coverage of costly cancer diagnostic tests.

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Segmentation Highlights of the Global Exosome Diagnostic and Therapeutics Market

The global exosome diagnostic and therapeutics market is segmented on the basis of product type, application, end user and region.

In the region category, North America is estimated to be the largest with a high market lucrativeness. This region is expected to grow at a significant CAGR during the forecast period to touch a large market estimation by end of the assessment year, thus leading the global market. Moreover, Asia Pacific excluding Japan (APEJ) is the fastest growing region and is the second largest in terms of adoption and use of exosome diagnostics and therapeutics. APEJ is filled with high growth opportunities and is being targeted by several giants in this sector, such as Thermo Fisher Scientific.

By product type, reagents and kits are gaining high traction owing to increasing use in exosome diagnostics and therapeutics. The reagents and kits segment dominated the market in 2017 and is anticipated to continue with the trend in the coming years. This segment is also expected to expand at a high growth rate during the forecast period. The reagents and kits segment is expected to register a high CAGR of 28.2% throughout the period of forecast. The software segment is the second fastest growing segment spurring the growth of the global market.

In the application category, diagnostic segment is the largest as compared to therapeutics segment and is estimated to touch a value of over US$ 90 Mn by the end of the year of assessment, growing at a significant pace. Therapeutics segment is projected to expand at a CAGR of 29.0% throughout the period of assessment.

With respect to end user, the use of exosome diagnostic and therapeutics is largely observed in diagnostic centres. The diagnostic centres segment is expected to surpass other end user segments with a high market share and growth rate in the coming years.

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Forecast Analysis of the Global Exosome Diagnostic and Therapeutics Market

According to the research report, the global market for exosome diagnostic and therapeutics is expected to grow at a high CAGR to reach an estimate of over US$ 150 Mn by the end of the year of assessment from a value of about US$ 19 Mn in 2017.

Competitive Landscape Shaping the Global Exosome Diagnostic and Therapeutics Market

Manufacturers of exosome diagnostic and therapeutics are focusing to raise capital required for launch of new products or research and development expenses through venture financing. Key companies such as

  • Thermo Fisher Scientific Inc.
  • NanoSomix Inc.
  • NX PHARMAGEN
  • Capricor Therapeutics Inc.
  • Exosome Diagnostics Inc.
  • Exiqon A/S (Aethlon Medical Inc.).
  • System Biosciences Inc.
  • Aegle Therapeutics AMS Biotechnology (Europe) Limited
  • Miltenyi Biotec.

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Market segmentation

By Product Type

    • Instrument
  • Software
  • Reagents and Kits

By Application

  • Diagnostics
  • Therapeutics

By End User

  • Hospitals
  • Cancer Institutes
  • Diagnostic Centres
  • Others

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and 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 10-years.

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Dry Eye Syndrome Treatment Market to around US$ 8.84 Billion by 2031

[314 Pages Report] According to a recent study by Future Market Insights (FMI), the global dry eye syndrome market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 4.52 Bn in 2021 to around US$ 8.84 Bn by 2031. This reflects a cumulative CAGR of around 7.0% over the forecast period (2022-2031).

Dry eye syndrome is a lifestyle diseases caused by long-term exposure to computer screen, resulting in reporting of the higher incidence rates across the developing economies. Also, this factor has pushed various ophthalmology care providers to educate and create awareness about the syndrome.

One such example is the Narayana Nethralaya, a super specialty eye hospital based out of India, a dedicated lab to diagnose and treat dry eyes. This lab aims to provide patients with awareness about eye lid problems such as Meibomian gland dysfunction, which lead to the development of dry eye syndrome.

Also, similar trend is observed in developed market such as U.S. Various government awareness campaigns and not for profit initiatives try to create awareness about the dry eye disease to the population that does not have access to eye care facilities. Eye Care America is an example of a public service organization run by the American Academy of Ophthalmology Foundation that provides free eye care through volunteer ophthalmologists.

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Further, those who are age 65 or older and who have not seen an ophthalmologists in three or more years may be eligible to receive a comprehensive, medical eye exam and up to one year of care at no out-of-pocket cost. This consequently will increase the utilization of dry eye treatment products and drive the growth of the dry eye syndrome treatment market during the forecast period. .

Market Outlook:

Data Points Market Insights
Market Value 2021 USD 4.52 Bn
Market Value 2022 USD 4.80 Bn
Market Value 2031 USD 8.84 Bn
CAGR 2022-2031 7.0%
Market Share of Top 5 Countries 53.4%
Key Players The key players in dry eye syndrome treatment market are Allergen plc. (Abbvie), Novartis AG, Otsuka Pharmaceuticals Co., Ltd., Bausch Health Companies, Inc. Akron, Inc., Johnson & Johnson, Inc., Thea Pharmaceuticals Limited, OASIS Medical, Altaire Pharmaceuticals Inc., Boiron USA, Similasan Corporation, Scope Ophthalmics Ltd., Reckitt Benckiser Group PLC, Medicom Healthcare Ltd, FDC Limited., Lupin Limited, Jamjoom Pharmaceuticals Co., and Sentiss Pharma Private limited.

Key Takeaways from Dry Eye Syndrome Treatment Study

  • Greater acceptance of artificial tears owing to improved patient comfort leads the artificial tears segment to account for the maximum share of 60.8% in 2021, expanding at 7.1% CAGR during the forecast period.
  • By prescription, Rx prescriptions are projected to account for 71.3% of the market share in 2022 indicating highest demand, since majority of population visit hospitals to get the checkup done, in turn increasing the numbers of Rx prescriptions.
  • Retail pharmacies, as distribution channel held the largest share of 60.8% in 2021 and is expected to grow with the same trend throughout the forecast period.
  • By region, North America held the largest share of 37.6% of the dry eye syndrome treatment market in 2021 indicating the growth due to high prevalence and high treatment adoption rate in North America.

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“Growing incidence of dry eye syndrome due to growing aging population, and long working hours (increase in screen time) to drive the demand of Dry Eye Syndrome treatment products over the Decade,” says the FMI Analyst

Who is winning?

Key Players :

  • Allergen plc. (Abbvie)
  • Novartis AG
  • Otsuka Pharmaceuticals Co.Ltd.
  • Bausch Health Companies Inc.
  • Akron Inc.
  • Johnson & Johnson Inc.
  • Thea Pharmaceuticals Limited
  • OASIS Medical
  • Altaire Pharmaceuticals Inc.
  • Boiron USA
  • Similasan Corporation
  • Scope Ophthalmics Ltd.
  • Reckitt Benckiser Group PLC
  • Medicom Healthcare Ltd
  • FDC Limited.
  • Lupin Limited
  • Jamjoom Pharmaceuticals Co.
  • Sentiss Pharma Private limited.

Some of the leading manufacturers of dry-eye-syndrome treatment market focuses on the product launch and approvals with global expansion objectives, thereby, enhancing their market presence.

  • In January 2021, SIFI an Italy based international ophthalmic company launched SYNFO for moisturizing and lubrication in dry eye treatment.
  • In December 2020, Alcon Canada announced the launch of its new product Systane an ultra-hydration lubricant eye drops preservative free containing Hyaluronic acid and HP-guar
  • In November 2020, Santen Pharmaceutical launched Cationorm categorized as artificial tear for moisturisation and long lasting relief to dry eye.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global dry eye syndrome treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on dry eye syndrome treatment segment based on Product (Cyclosporine, Topical Corticosteroids, and Artificial Tears Punctal Plugs (removable, dissolvable), oral omega supplements, and others), prescription (Rx, OTC, Medical Device), distribution channel (Hospital Pharmacies, Eye Health Clinics, Retail Pharmacies, and Online Pharmacies) across seven major regions.

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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Cryopreservation for In-vitro Fertilization (IVF) Market is projected to grow at an impressive 10.2% CAGR through 2030.

The global cryopreservation for IVF market has witnessed a moderate drop in 2020, attributed to the ongoing coronavirus pandemic. Restrictions on production facilities, and reduced consumer expenditure on the sector has hurt market prospects for the short term.

As per the latest market study by Future Market Insights (FMI), the cryopreservation for IVF market is expected to grow at an impressive 10.2% CAGR through 2030. According to the report, innovations in terms of vitrification processes, especially for oocyte preservation aids market developments.

Despite the strong growth of cryogenics in the healthcare sector, prohibitive costs and strict rules on IVF treatments, coupled with complexities and limitations of tech in the market hold back growth.

Key Takeaways on Cryopreservation for IVF Market

  • The cryopreservation for IVF market size surpassed US$ 339 Mn in 2019, with market growth witnessing a moderate slump throughout the duration of the covid-19 outbreak, as lockdown restrictions hinder supply chains, and consumers redirect expenses towards essential commodities.
  • IVF clinics will continue as the leading user of cryogenics in IVF treatments, the segment is projected to account for more than 60% of the overall market share over the forecast period.
  • Cryogenic liquid cylinders are witnessing high demand in the cryopreservation for IVF market, aided by the wide scope of application in vitrification processes.
  • East Asia will remain a leading regional market for cryopreservation in IVF centres, supported by relatively lower costs of healthcare and positive changes to population policies. Also, Latin America is expected to display strong growth owing to research applications.

“Higher rates of infertility have become a global issue. Strict regulations in numerous countries restrict couples from choosing fertility treatment, which has pushed couples to seek treatment in other regions bolstering to fertility tourism. With reductions in costs of cryogenics this factor will positively influence market developments,” said a lead analyst from FMI.

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Covid-19 Effects on Cryopreservation for IVF MarketThe cryopreservation for IVF sector has been negatively impacted by the ongoing covid-19 pandemic. Concerns over procedures and precautions in terms of handling seropositive patients are influencing short-term developments. Also, the risk of cross contamination and viral transmission during cryogenic procedures will limit adoption during this period.

Cryogenic device production facilities have been affected by lockdown regulations, while restrictions on elective medical procedures have also hurt market developments. The market is expected to recover towards 2021 with rebounding consumer spending on cryogenics and IVF treatments in the post-pandemic era.

Who is Winning?In a recent report, Future Market Insights has provided a detailed overview of the varying business strategies that find use in the cryopreservation for IVF market. Leading players in the sector have invested in the development and launch of new product offerings, with the incorporation of cutting-edge tech. Strategic collaborations and acquisitions are also gaining popularity in the industry.

Thermo Fisher Scientific Inc., Millipore Sigma, Fujifilm Irvine Scientific Inc., Vitrolife AB, Kitazato Corp., Brooks Life Sciences, Corning Inc., Worthington Industries Inc., Cook Medical LLC, are the most prominent players in the market.

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Key SegmentsProduct Type

  • Cryopreservation Media
  • Cryopreservation Storage Devices
    • Dewars
    • Cryogenic Liquid Cylinders
    • Cryogenic Storage Tanks
      • Vapor Tanks
      • Storage Alarm Systems
      • LN 2 Auto Fill Systems
      • LN2 Sterilization System
      • Cryo Control/Inventory Management Systems
    • Storage Container
      • Cryocanes
      • Visotubes
      • Cannisters
  • Consumables & Accessories
    • Vitrification Carriers
    • Sperm Straws
    • Saw Freeze Straws
    • Cryovials
  • Cryo-Shipping
    • Dry Shipper Container
    • Clinical Pack Over Wrap
    • Cryogenic Labels

Application

  • Oocycte Cryopreservation
  • Sperm Cryopreservation
  • Embryo Cryopreservation

End User

  • Biobanks
  • IVF & Fertility Clinics
  • Research & Academic Institutes
  • Cryo-shipping/couriers
  • Cryo Monitoring /Inventory Management

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Regional Outlook

  • North America (US, Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • Europe (Germany, UK, Russia, France, Italy, Spain, BENELUX, Rest of Europe)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • East Asia (China, Japan, and South Korea)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, South Africa, and Rest of MEA)

About FMI:

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

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IoT Application Enablement Market is Expected to Reach US$ 36 Bn by 2032 – Future Market Insights, Inc.

According to the IoT application enablement market analysis by Future Market Insights (FMI), the adoption of IoT application enablement platform is estimated to increase at a 26.5% CAGR over the assessment period, with the market valuation reaching US$ 36 Bn by 2032.

In IoT technology solutions, the connectivity infrastructure requires to be set up before an array of sensors, edge devices, or other devices. The main challenge with IoT networks is wireless data rates. In recent years, the infrastructure for connectivity such as Wi-Fi 6, 5G, satellites, and LTE has been developed.

In the world of network edge and IoT connectivity, 5G deployments provide low-latency communication that supports data-intensive applications like video surveillance, autonomous vehicle operations, optimizing citywide traffic flows, and high bandwidth. Thus, advancements in the infrastructure for 5G, Wi-Fi 6, and LTE connectivity will drive sales in the market over the forecast period.

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Artificial Intelligence (AI) technologies are data driven and IoT sensors are an asset to the Machine Learning (ML) data pipeline. Integration of artificial intelligence & IoT technology enables enterprises to achieve digital transformation. It enables IoT devices to collect and transfer data to the cloud or other spaces where they can accumulate data through the internet.

AI and IoT are integrating to offer greater control and visibility of the wide array of sensors and devices connected to the internet. Such IoT transformation help businesses to implement conversational agents for customers, engage customers, obtain analytics, customize user experiences, or optimize productivity with predictions and insights.

“The demand for IoT devices in smart homes and smart cities has increased in recent years, which is expected to boost sales in the market. Further, rising adoption of machine learning (ML) and IoT in the manufacturing and retail sectors will continue fueling the growth in the market over the assessment period,” says an FMI analyst.  

Key Takeaways:

  • By solution, sales in the IoT application enablement platform segment are anticipated to increase at a 24.3% CAGR through 2032.
  • Among the enterprise size, demand in the SMEs segment is estimated to grow at a CAGR of 29.0% during the forecast period.
  • Based on industry, adoption of IoT application enablement in the manufacturing sector will increase at a CAGR of 34.2% between 2022 to 2032.
  • The U.S. IoT application enablement market is expected to expand at a CAGR of 19.8% through 2032.
  • The China IoT application enablement market is expected to grow by 13.9X during the forecast period.
  • Demand in the Japan market is expected to grow at a CAGR of 31.6% during the assessment period.

Competition Landscape

Altair, Amazon Web Services, ClearBlade, Ericsson, Fujitsu, IBM, Microsoft, Oracle Corporation, PTC, SAP, Siemens, AllThingsTalk, Hughes Systique Corporation, and Software AG are some of the leading players operating in the global IoT application enablement market.

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More Valuable Insights on IoT Application Enablement Market

Future Market Insight’s report on the IoT application enablement market research is segmented into four major sections – solution (IoT application enablement platform (cloud-based, and on-premises), and services ( professional services, and managed services) ), enterprise size (small and mid-sized enterprises (SMEs), and large enterprises)), industry (BFSI, telecom & IT, energy and utilities, healthcare, manufacturing, education, retail, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT application enablement demand outlook.

IoT Application Enablement Outlook by Category

By Solution:

  • IoT Application Enablement Platform
    • Cloud-based
    • On-Premises
  • Services
    • Professional Service
    • Managed Services

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Manufacturing
  • IT & Telecom
  • BFSI
  • Healthcare
  • Transport and Logistics
  • Energy and Utilities
  • Retails
  • Others

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By Region:

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

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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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Invoice Processing Software Market Key Players, End User, Demand and Consumption by 2031

The Invoice Processing Software is a software that helps companies to automate the task that are related to invoice processing. Enterprises use invoice processing software for reducing the manual work and eliminating human error. Invoice processing software offers an overview of whole invoice cycle right from invoicing to receipt production, accurate allocation, & expense management. This software can be easily integrated with enterprise resource planning software for increasing the efficiency of payment process.

Invoice Processing Software Market Forecast and CAGR

According to latest research, invoice processing software market is estimated to grow with a expected CAGR of 15%. Increasing need for secure payments to reduce frauds and adoption of cloud-based service is increasing the demand for invoice processing software.

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What is Driving Demand for Invoice Processing Software?

The cloud based solution is helping enterprises to stay above of growing start-ups by gaining profitable revenue streams with minimum investment. The cloud based solution also help enterprises to quickly extend and customize their applications while creating opportunities for enterprises to transform and grow digitally.

Adoption of cloud-based invoice processing solution is a new trend in the market. Cloud-based solutions help companies to reduce their infrastructure and resources (IT personnel) costs, while at the same time allowing them access to all features as offered by on-premise software.

Various vendors such as SAP SE, Zoho Corporation and others that have been providing cloud-based quality and invoice processing solutions in the global market for over a decade have witnessed significant growth in terms of demand for cloud-based solution in the past few years.

Invoicing Using Blockchain Technology

Adoption of blockchain technology in invoicing process is increasing as blockchain technology has a potential to revolutionize how transactions are validated, invoices issued and payments made. Using blockchain in invoicing process helps user to make seamless payments from customer’s to businesses digital wallet. Transaction are easy to monitor and track and the entire history of exchange can be downloaded from blockchain.

Blockchain technology eliminates the manual steps involved in invoice processing and the transaction are becoming paperless as the adoption of blockchain is increasing. As the transaction information is stored in blockchain all relevant parties can view and verify the processes and it can be used with artificial intelligence for identifying payment profiles and risk of end debtors.

South Asia & Pacific Invoice Processing Software Demand Outlook

Invoice processing solution vendors can focus on expanding their businesses across countries in South Asia & Pacific region where there is increasing demand of innovative invoice processing solution to automate the invoicing process and avoid human errors in the process. Invoice processing solution market is growing rapidly due to growing business complexities and changing regulatory requirements.

Therefore companies need to focus on the growing need to analyze regulatory requirements, polices, and obligations. Also, government initiatives that are mandating the use of invoice processing software is facilitating the growth of invoice processing software in the region.

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North America Invoice Processing Software Market Outlook

Adoption of invoice processing solution is growing in the region due to rising adaptation of the solution in small and medium size businesses. Moreover, invoice processing solutions offered in the region are integrated with analytical tools like Machine Learning (ML), artificial intelligence, blockchain technology that enable organizations get actionable insights and thereby focus on reducing organizational risks. Some of the key players in the region are following product launch strategy in order to offer innovative invoice processing solution.

Who are the Key Providers of Invoice Processing Software?

Some of the leading Invoice Processing Software providers include

  • SAP SE
  • Sage Group PLC
  • Chrome River
  • Spendesk
  • Coupa
  • Zoho Corporation
  • Koufax
  • Concur Invoice
  • and Invoicera among others.

Invoice Processing Software Market Report Highlights:

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

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Key Segments

By Solution:

  • Invoice Processing Software
  • Services

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Industry:

  • IT & Telecom
  • BFSI
  • Government
  • Retail
  • Healthcare

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia

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About Us

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

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SQL Server Transformation Market is Expected to Progress at a CAGR of 10.1% from 2022 – 2029 | FMI

The SQL Server Transformation Market is projected to reach US$ 15.5 Bn in 2022 to US$ 30.4 Bn by the end of 2029 and will witness a robust CAGR of more than 10.1% during 2022 – 2029.

SQL server transformation-based relational database management systems (RDBMS) add a layer of security to a database while providing convenience for the database users. The combination of high capacity and economically feasible storage solutions made available to a user by integrating SQL server transformation solutions would remain a strong factor in opening new avenues for the database management systems and service providers on a global scale.

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Key Takeaways – SQL Server Transformation Market Study

  • IT and services is the key vertical contributing to the adoption of SQL server transformation solutions and services, and the segment is estimated to generate the highest incremental opportunity among all other verticals in the global marketplace owing to the high adoption rate.
  • Among all the use cases, adoption of SQL server transformation solutions for the purpose of enterprise data warehousing is estimated to dominate the global market throughout the forecast period.
  • The SQL server transformation market in the Asia Pacific excluding Japan region is estimated to offer the highest incremental opportunity among all the regional markets during the forecast period, owing to the high adoption rate showcased by the technologically evolving retail industry.
  • The SQL server transformation market in Western Europe is estimated to record the second highest incremental opportunity.

Emergence of New SQL Databases to Boost Growth of Global SQL Server Transformation Market

New SQL, a new class of databases, addresses some of the conventional shortcomings of SQL server transformation-based relational databases and relational database management systems including dynamic schema support, operational distribution, and horizontal scalability. This technology is especially well-suited for SQL server transformation applications that require fast response times (1-2 milliseconds, on an average), very high ingest rates, and transactional accuracy.

Some of these SQL server transformation applications are real-time fraud detection, real-time authorization, or customer billing. New SQL solutions are best suited for enterprises working with huge volumes of structured data. Large enterprises operating in the retail and e-Commerce vertical are estimated to contribute the most to the adoption rate of New SQL databases, thus contributing to growth of the global SQL server transformation market.

Competitive Landscape

SQL server transformation providers are investing in the expansion of their service offerings to cater to the changing trends of large enterprises and SMEs. SQL server transformation vendors are also expected to focus on the rising popularity of New SQL databases and develop new solutions specific to it.

Some key players are :

  • Oracle
  • Microsoft
  • SAP SE
  • IBM
  • Alphabet
  • Amazon Web Services Inc.
  • Teradata

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Key Segments of SQL Server Transformation Industry Survey

SQL Server Transformation Market by Enterprise Size:

  • SQL Server Transformation for Large Enterprises
  • SQL Server Transformation for Small Enterprises

SQL Server Transformation Market by Function:

  • Data Integration Scripts
  • Analytical Queries
  • Information Retrieval
  • Other Applications

SQL Server Transformation Market by Use Case:

  • SQL Server Transformation for Business Operations
  • SQL Server Transformation for Enterprise Data Warehousing

SQL Server Transformation Market by Vertical:

  • SQL Server Transformation for IT and Services
  • SQL Server Transformation for Healthcare
  • SQL Server Transformation for Financial Services
  • SQL Server Transformation for Professional Services
  • SQL Server Transformation for Education
  • SQL Server Transformation for Retail
  • SQL Server Transformation for Construction

SQL Server Transformation Market by Region:

  • North America SQL Server Transformation Market
  • Latin America SQL Server Transformation Market
  • Europe SQL Server Transformation Market
  • East Asia SQL Server Transformation Market
  • South Asia & Pacific SQL Server Transformation Market
  • Middle East & Africa (MEA) SQL Server Transformation Market

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Hard Disk Drive Market is Projected to Progress at a CAGR of 11.2% from 2022 – 2029 | Future Market Insights, Inc.

The Hard Disk Drive Market is reaching a valuation of US$ 38,489.9 Mn in 2022 to US$ 80,873.0 Mn by 2029 and is expected to exhibit an 11.2% CAGR over the forecast period, 2022-2029. With multiplying data volumes encouraging enterprises to procure upgraded data storage technologies, the hard disk drive market is set for steady growth during the next decade.

HDD manufacturers launch upgraded hard disk drive storage capacity formats at intervals of every two to three years. This would be a continuing trend in the global hard disk drive market over the forecast period (2022 – 2029), suggests a new Future Market Insights (FMI) report.

As data storage capacities of hard disk drives continue to increase, leading manufacturers such as Toshiba are frequently rolling out hard disk drive storage technology upgrades. Consequently, magnetic storage remains highly preferred option for long-term high-capacity data backup and archiving, which would further push hard disk drive sales.

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Key Takeaways – Hard Disk Drive Market Study

  • Network-attached Storage (NAS) hard disk drives that currently hold a market share of over 2/5th, would remain top selling in the global market for HDD. With the highest estimated incremental opportunity to be attained through 2029, NAS HDDs will continue to see double-digit growth over the period of projection.
  • Sales of hard disk drives with storage capacities of up to 1 TB and above will collectively account for three-fourth of total HDD sales. Low storage capacity, though relatively less preferred, continues to witness sustained traction.
  • USB port hard disk drives that currently make up for over a third of total sales will see steady adoption in the near future. Whereas, plug-in power sources of HDDs are set to gain popularity.
  • Geographic expansion and collaborations with other hard disk drive providers would be the preferred developmental strategies of key players in HDD market.

Offline Functionality of HDD Storage Technology Remains USP

Owing to persistent ransomware attacks on networks of various organizations, customers have started procuring efficient magnetic storage technologies. Presence of an air gap acts as a security measure that isolates hard disk drives and prevents them from establishing external network connections.

This prevents the information stored on these tapes from falling prey to cyber-attacks, as they are not connected to the enterprise network, at least when switched off. Hard disk drive storage technology also trumps cloud infrastructure in this condition. Offline functionality of hard disk drive storage technology will thus bolster growth of the global hard disk drive market during the forecast period.

Insufficient Storage Capacities Continue to Limit Market Growth

Manufacturers in the hard disk drive market are focusing on enhancing data storage capacities to efficiently cater to massive digital data volumes. The relatively low availability of digital storage capacities will however continue to create a sizeable digital gap throughout the forecast period. The insatiable demand for enhanced data storage capacities in hard disk drives would thus restrict the market growth to a large extent in the near future.

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Know More About FMI’s Hard Disk Drive Market Study

Future Market Insights offers an unbiased analysis of the global hard disk drive market, providing historical data for 2014-2021 and forecast statistics from 2022-2029. To understand opportunities in the hard disk drive market, the market is segmented on the basis of drive type, storage capacity, drive interface, and power source, across seven major regions.

Hard Disk Drive Market Outlook by Category

By Drive Type :

  • Portable HDDs
  • Desktop HDDs
  • Network-attached Storage HDDs

By Storage Capacity :

  • Less than 250GB
  • 250GB – 1TB
  • Above 1TB

By Drive Interface :

  • USB 3.0
  • USB 2.0
  • USB 3.1 Gen1
  • USB 3.1 Gen2
  • Ethernet
  • Others

By Power Source :

  • Small Facility
  • AC Adapter
  • USB Port
  • eSATA Bus
  • Plug-in

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Region :

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Document Imaging Market is Projected to Reach US$ 267.7 Bn, at a CAGR of 12.2% by 2022 – 2029 | Future Market Insights, Inc.

The Document Imaging Market size is expected to grow from US$ 119.7 Bn in 2022 to US$ 267.7 Bn by 2029, likely to surge at a vigorous 12.2% CAGR during the assessment period 2022 – 2029.

The recent past has seen the rapidly growing interest of customers in multi-functional printers and mobile printing apps. Organizations seeking automation are mainly looking for automated supply and service fulfilment scanners.

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Key Takeaways – Document Imaging Market Study

  • Utilization of integral automated workflow technology and centralization of documents offer well-timed transfer to stakeholders. The shift of users from manual to automated workflow is boosting demand for document imaging software.
  • In terms of value, cloud-based deployment is identified as a preferred alternative.
  • Companies are migrating from traditional server host to cloud host, fueling document imaging market growth.
  • Software will create an incremental opportunity of over US$ 70 Bn.
  • Sales of document imaging solutions are projected to be high in Western European and North American countries owing to strong presence of market leaders.

Cloud-Hosted Software with Infrastructure Management Service

Many companies are preferring cloud-hosted document imaging software to reduce their hardware maintenance costs and complexities. In addition, companies also choose vendors who offer features such as cloud hostage and maintenance services. Thus, they can grab the opportunity to increase their customers by providing such facilities and features through their document imaging software.

In November 2021, Xerox Corporation announced the launch of new ECi e-automate software. This new integration shortens many back-office tasks from days to hours.

Competitive Landscape

Many major document imaging system manufacturers tend to invest heavily in product innovation to discover increased applications of document imaging. Using printing technology, suppliers seek to expand their partner base to accelerate their business transformation and growth goals.

  • Hewlett-Packard Company
  • Epson
  • Canon Co., Ltd.
  • Fujitsu Co., Ltd.
  • Toshiba Corporation
  • Newgen Software Technology Limited
  • Adobe Systems, Inc.

More Valuable Insights on Document Imaging Market

Future Market Insights, puts forward an unbiased analysis of the global market for global document imaging market, providing historical data for period 2014-2021 and forecast statistics for the period 2022-2029.

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Document Imaging Market Research by Categories

By component:

  • document imaging software
  • document imaging hardware
    • scanner
    • printer
    • microfilm reader
    • Other

By Distribution criteria:

  • On-premises document imaging
  • Cloud document imaging

 By end-user:

  • Agency
  • law firm
  • doctor’s practice
  • educational institution
  • Other

Region:

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

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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