B2B Telecommunication Market Key Players, End User, Demand and Consumption by 2026

A recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry. According to Future Market Insights’ report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026.

Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace – with a CAGR of 14.7%.

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Unified B2B Telecommunication Services Gaining Traction

Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.

North America & APEJ – Dominant Regions

In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.

Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.

The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.

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Global B2B Telecommunication Market – Segmentation

By Region:

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

By Solution:

  • Unified Communication and Collaboration
  • VoIP
  • WAN
  • Cloud Services
  • M2M Communication

By End User:

  • Small & Medium Enterprise
  • Large Enterprise

By Vertical:

  • BFSI
  • Healthcare
  • Media and Entertainment
  • Government
  • Energy and Utility
  • Retail
  • Transportation and Logistics
  • Others

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

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Ophthalmic Lasers Market is anticipated to reach a value of US$ 1.3 Billion by 2030

[294 Pages Report] Technological advancements have deeply penetrated every facet of the healthcare industry, and the ophthalmic lasers market is no exception. Over the years, ophthalmic disorders such as diabetic retinopathy, refractive errors, glaucoma, cataract and age related macular degeneration (AMD) have surged exponentially. This has accelerated demand for advanced surgical procedures.

The introduction of ophthalmic laser surgery has revolutionized ophthalmic care in unprecedented ways. Majority of these technologies are being deployed in cataract surgeries, attributed to the disorder’s widespread prevalence across all continents. Advancements such femtosecond laser surgeries have proven highly instrumental in streamlining ophthalmic procedures, offering lightning speed detection of faulty tissues.

Such reduced detection and treatment timeframes act as major growth catalysts for the global ophthalmic lasers market, which is anticipated to reach a value of US$ 1.3 Bn by 2030.

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Market Outlook:

Data Points Market Insights
market Value 2021 USD 838.4 Mn
market Value 2022 USD 884.3 Mn
market Value 2030 USD 1.3 Bn
CAGR 2022-2030 5.4%
Share of Top 5 Countries 60.4%
Key Players The key players in ophthalmic lasers market are Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, LLC, NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, and SCHWIND eye-tech-solutions GmbH & Co. KG.

Ophthalmic Lasers Market- Key Highlights

  • Ophthalmic lasers market shall expand steadily at a CAGR of 5.4%from 2022-2030
  • Cataract surgeries shall account for the majority share of the global ophthalmic lasers market
  • Femtosecond laser surgery to hold maximum sway throughout the forecast period
  • North America shall retain market hegemony, owing to increasing regulatory approvals for laser surgeries by authorities
  • Asia & Europe to contribute nearly identical revenue shares due to rise in surgeries amidst their geriatric population

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COVID-19 Impact Analysis

The novel coronavirus pandemic will have a significantly high impact on the ophthalmic lasers market. As lockdowns and curbs continue to remain enforced, the number of footfalls across ophthalmology clinics and hospitals have declined considerably. Patient care has diminished by nearly 60%, with only emergency surgeries being permitted.

With in-patient visits becoming next to impossible, ophthalmologists are resorting to telemedicine with regards to consultation and advice to patients. A slump is anticipated in refractive and premium lens surgeries across developing economies in the long-run, attributed to cash crunches experienced by individual households due to the prolonged lockdowns.

At the same time, several countries are enforcing strict social distancing protocols and hygiene practices, keeping demand for ophthalmic laser surgeries sustained. For instance, ophthalmologists in Germany have made it a protocol to test patients requiring intravitreal injections and other procedures for COVID-19. If positive, they are redirected to emergency departments, reducing chances of infection.

“Vendors in the ophthalmic lasers landscape are striving to introduce novel product lines, equipped with multi-frequency selection modes to reduce exposure to intense laser bursts, preventing healthy tissue damage,” infers the FMI analyst.

Competition Dashboard

Prominent vendors in the ophthalmic lasers market include are ZEISS International, Nidek Inc., Bausch & Lomb Inc., Abbot Laboratories Inc., SCHWIND Eye-Tech Solutions, Ziemer Ophthalmic Systems AG, Novartis AG (Alcon), LENSAR LLC., iVIS Technologies and NKT Photonics A/S. New product launches and collaborations have helped these players acquire firm footing.

In 2018, ZEISS International rolled out its VISUFIT 1000 digital 3D centration data determination and consultation platform, offering a three-dimensional facial reconstruction which enables ophthalmologists perform precise centration processes on patients.

In July 2022, SCHWIND Eye-Tech acquired CE approval for its SCHWIND ATOS femtosecond laser, permitting eye surgeons to incorporate the technology in their SmartSight refractive surgery procedures.

More Insights on the Ophthalmic Lasers Market

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2014-2021 & opportunity assessment for 2022-2030, and delivers a comprehensive assessment of the most important market dynamics. The report provides a balanced, unbiased analysis of the overall market scenario based on product type (excimer lasers and femtosecond lasers), application (refractive surgery, cataract surgery, capsulotomy, trabeculoplasty and diagnostics), end-user (hospitals, ophthalmology clinics and ambulatory surgical centers) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Ophthalmic lasers market by Category

By Product :

  • Excimer Lasers
  • Femtosecond Laser

By Application :

  • Refractive Surgery
  • Cataract Surgery
  • Posterior Capsulotomy
  • Trabeculoplasty
  • Diagnostic

By End user :

  • Hospital
    • 500 Bedded+
    • 250-499 Bedded
    • Less than 250
  • Ambulatory Surgical Centers
  • Ophthalmology Clinics

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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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Dental Sealants Market is projected to reach a valuation of US$ 680 Million in 2022

Dental Sealants Market Analysis and Segment Forecasts To 2022, provides an in-depth analysis of the global dental sealants market with segmentation based on  Product, End User & Region.

As per Future Market Insights’ latest revised industry analysis, the global dental sealants market is projected to reach a valuation of US$ 680 Million in 2022, likely to surge at a vigorous 4.7% CAGR between 2022 – 2032.

Demand in the market is slated to surge on the back of rising awareness and necessity for oral hygiene and dental care. In addition to this, high prevalence of lifestyle-associated dental disorders is underpinning the need for technologically advanced dental equipment, which is expected to boost the market

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Dental sealants are thin plastic coatings that are applied to the chewing (occlusal) surfaces of permanent teeth (molars and premolars) to prevent decay. Molar and premolar teeth have grooves or “fissures” on their chewing surfaces decay with time. These cracks can be deep, difficult to clean, and even smaller than a single toothbrush bristle. Dental sealants give added protection to grooved and pitted areas by covering the fissured area with a smooth surface.

Rising disposable income in developing economies is fueling the preference for aesthetical and cosmetic dentistry. With the trend of beauty and wellness building interest among the general population, advancements in dental adhesives and sealants are gaining traction to secure patient or customer satisfaction.

Moreover, high prevalence of common oral diseases such as dental caries of permanent teeth is propelling sales in the market. With unhealthy lifestyles and dietary habits, the prevalence is expected to increase in the forthcoming years. High sugar intake, caffeine and smoking are the major causes of tooth decay and caries.

Rising government initiatives and investments in providing oral healthcare and awareness are anticipated to fuel sales in the market. The presence of favorable healthcare reimbursement policies in various countries will augment the growth in the market over the forecast period.

“Increasing preference for dental cosmetic procedures, along with technological advancements in materials used in dental procedures will create opportunities for growth in the forthcoming years,” says an FMI analyst.

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Leading Companies Profiled in Dental Sealants Market are:

  • 3M
  • Dentsply Sirona
  • PULPDENT Corporation
  • SHOFU Dental GmbH
  • Den-Mat Holdings, LLC
  • Centrix, Inc
  • GC America Inc.
  • Henkel AG & Co. KGaA
  • Dux Industries, Inc.
  • Johnson Services, Inc.
  • Procter & Gamble
  • GlaxoSmithKline plc.

Key Takeaways:

  • By product, the glass ionomer segment is forecast to account for 56.6% of the total market share by 2032, with sales growing at a 3.9% CAGR.
  • In terms of end user, sales in the hospitals held 44.4% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • Germany will emerge as a lucrative pocket in the Europe dental sealants market, with demand growing at a 4.5% CAGR through 2032.
  • China is expected to account for a lion’s share of the East Asia dental sealants market, with sales projected to increase at a 8.7% CAGR.
  • The U.S. will dominate the North America dental sealants market. Total sales in the North America market will account for 30.4% of the total market share.

Competition Landscape

Key players operating in the dental sealants market are investing in product portfolio expansion to gain a competitive edge in the market. Leading players are also investing in acquisitions and partnerships to expand their global footprint. For instance:

  • In December 2021, Nobel Biocare announced the U.S. FDA clearance of the company’s N1™ implant system. This implant system signifies a noteworthy step in advancing toward patient-centric implant solutions.
  • In February 2022, GSK announced its independent consumer healthcare company to be called Haleon.

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Key Market Segments Covered In Dental Sealants Industry Research

By Product:

  • Glass Ionomer
  • Polyacid Modified Resin

By End-User:

  • Hospitals
  • Dental Clinics
  • Ambulatory Surgical Centers

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (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 8-years.

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Multilayer Flexible Packaging Market Expected to Rise at a CAGR of 3.5% During 2029

The global multilayer flexible packaging market is expected to move out of the rigid zone between 2022 and 2029, reaching US$ 210 Bn by the year 2029. The CAGR expected is 3.5%.

Cost-effectiveness, durability, and lightweight are several advantages responsible for boosting the demand for multilayer flexible packaging, worldwide. The scope of this market study includes multiple flexible packaging solutions such as bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Manufacturing of multilayer flexible packaging products requires 70% less material when compared to rigid packaging products. Aluminum foil and metalized plastic films are also gaining significant traction for the manufacturing of bags and pouches for flexible packaging.

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The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of nearly US$ 350 Bn by 2029.

  • In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
  • By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
  • The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
  • North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.

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Multilayer Flexible Packaging Market Landscape
The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

  • In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
  • In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
  • In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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

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Over-The-Counter (OTC) Veterinary Drugs Market expected to expand at a CAGR of 8.1% 2022-2032

Global Over-The-Counter (OTC) Veterinary Drugs market is expected to grow at a decent rate owing it to the increase in number of manufacturers for Over-The-Counter (OTC) veterinary drugs, worldwide. There are variety of drugs available in the market as Over-The-Counter (OTC) veterinary drugs for the safe use in animals. These drugs are available in various forms, topical drugs are available as gels, oils, creams, and sprays for various applications. Antibiotics and non-steroidal anti-inflammatory drugs are very common Over-The-Counter (OTC) veterinary drugs in the market. The drugs are available for various medical conditions related with the skin, eyes, and allergic reactions to the animals.

The Over-The-Counter (OTC) veterinary drugs market is well equipped with the retail pharmacies by the end user segment. Injectable drug involve vaccines, which are majorly used by the companion animals for their safety and improving their well-being. The Over-The-Counter (OTC) veterinary drugs market is expected to propel during the forecast period with the growing awareness on the safety and prevention of diseases among companion animals.

Over-The-Counter (OTC) Veterinary Drugs, also termed as non-prescription drugs are drugs that are available without any prescription. These drugs are effective and safe when all the directions on the label or directed by the healthcare professional are followed. The FDA in the U.S. considers when a specific drug is effective and safe enough to be sold over-the-counter. Over-the-counter (OTC) veterinary drugs usage is attributable to the savings on cost incurred on clinical visit and on the drug cost. There are limited veterinary drugs that are approved and available to veterinarians.

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The veterinarians often depend on the use of different sources and types of drugs to treat their patients. Over-The-Counter (OTC) veterinary drugs are checked on the assurance of the product effectiveness, safety, and manufacturing to stringent standards for purity, quality, and potency. The FDA Centre for Veterinary Medicine (CVM) is responsible for the manufacturing and distribution of veterinary food additives and drugs. Over-The-Counter (OTC) veterinary drugs are regulated under The Federal Food, Cosmetic, and Drug ACT, which regulated statutory provisions that govern all the key regulations of Over-The-Counter (OTC) veterinary drugs. The Act formulate drugs as, “articles for use in the cure, diagnosis, treatment, mitigation, or prevention of diseases in animals or man”.

Over-The-Counter (OTC) Veterinary Drugs Market: Drivers and Restraints-

Over-The-Counter (OTC) Veterinary Drugs are poised to witness a significant growth owing it to the paradigm shift from Rx to OTC by major pharmaceutical manufacturers. Increasing tendency of people towards the health of their companion animals in developed regions, majorly, and immense cost savings with Over-The-Counter (OTC) veterinary drugs pose various advantages, further boosting demand for Over-The-Counter (OTC) veterinary drugs.

However, several serious issues with OTC drugs pertaining to inappropriate substance abuse vehemently and diagnosis of the animal might obstruct market growth for Over-The-Counter (OTC) veterinary drugs during the forecast timeframe. This has also resulted in withdrawal of various Over-The-Counter (OTC) veterinary drugs used for therapy from the market over the years. Stringent regulations regarding Over-The-Counter (OTC) veterinary drugs and substance abuse related issues might also hinder market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period.

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Over-The-Counter (OTC) Veterinary Drugs Market: Region-wise Outlook

Over-The-Counter (OTC) veterinary drugs market is immensely concentrated in major developed economies like the U.S., Japan, and China. The United States is expected to witness a moderate growth due to market saturation in a few product categories. Technological advancements is however, expected to boost market growth for Over-The-Counter (OTC) veterinary drugs worldwide.

Increase in consumer appetite for Over-The-Counter (OTC) veterinary drugs for their companion animals, and growing need of curbing the veterinary-related healthcare costs is expected to fuel the market growth for Over-The-Counter (OTC) veterinary drugs in the Europe region. Increase in efforts for Over-The-Counter (OTC) veterinary drugs licensing for treatment of various diseases in animals is also expected to boost the market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period. However, traditional medications for veterinary disease treatment might slow down the market growth for Over-The-Counter (OTC) veterinary drugs in the Asia-Pacific and MEA region.

Over-The-Counter (OTC) Veterinary Drugs Market: Key Market Participants

Some of the market participants in the Global Over-The-Counter (OTC) Veterinary Drugs market identified across the value chain include: Merck & Co., Inc., Zoetis, Inc., Eli Lilly and Company, Virbac, Bayer AG, Sanofi, Vetoquinol S.A., Boehringer Ingelheim International GmbH, and Dechra Pharmaceuticals PLC.

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.

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Over-The-Counter (OTC) Veterinary Drugs Market: Segmentation

On the basis of Drug Class, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • H2 Receptor Antagonists
  • Non-steroidal Anti-inflammatory Drug
  • Artificial Tears and Ocular Lubricants
  • Antihistamine
  • Antibacterial
  • Glucocorticosteroid
  • Antidiarrheal Agents
  • Nutraceuticals
  • Others

On the basis of Form, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • Topical
  • Oral
  • Injectable

On the basis of Distribution Channel, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

  • Retail Pharmacies
  • Mail-order Pharmacies
  • Hypermarkets & Supermarkets

On the basis of geography, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

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

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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 8-years.

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Connected Drug Delivery Devices Market is projected to reach US$ 1.6 Billion by 2028

[228 Pages Report] According to the analyst of Future Market Insights (FMI), the leading manufacturers of connected drug delivery devices are focusing collaboration with the software companies to assess the cloud data system in their devices.

The market for connected drug delivery devices is foreseen to witness a stellar growth rate of 25.6% from 2013 to 2028 rising to a valuation of US$ 1,304.7 Mn from US$ 132.2 Mn in 2022.

Moreover, it helps the manufacturer to launch the product more conveniently and to enhance their distribution channel. Manufacturers of inhalers to treat asthma and chronic lung disease are racing to develop a new generation of smart devices with sensors to monitor if patients are using their puffers properly.

The companies operating in the global connected drug delivery devices market are OPKO Health Inc., Bayer AG, 3M Company, West Pharmaceutical Services, Inc., and Teva Pharmaceutical Industries Ltd., among others.

Rapidly evolving technologies, for instance, cloud-based computing models, are enabling the healthcare industry towards a transition to a new architecture.

Cloud technology along with advances in mobility and telepresence solutions is expected to create new unwired business models capable of providing healthcare anywhere.

The use of cloud technology will increase, aided by the proliferation of mobile health applications to collect and send vital signs from wireless and wired remote patient and personal health monitoring devices. Cloud-based platforms and new IT service models will fundamentally change the healthcare business equations and create opportunities for new players to enter the industry.

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Growing Demand for Injectable Drug Delivery to Aid Market Growth

The rising preference for injectable drug delivery is anticipated to drive the market for sterile drugs globally. Self-administration of drugs through usage of pre-filled syringes is one of the ways that can help patients to save the fees given to a caregiver. There is an increased demand for large molecule drugs in pre-filled syringes as compared to small molecule drugs in pre-filled syringes

Following this opportunity, the manufacturers are expected to cash in on profits through introduction of smart injectable drug delivery mediums among their portfolio. The progress is expected to be more prominent in the allergic reactions (Anaphylaxis) indication segment. Further, an upsurge in the number of large molecule drugs that need to be manufactured in injectable format is expected to fuel the growth of the market. Likewise, data generated by bioavailability studies is proving to present a definitive relation between pharmacodynamics and pharmacokinetics for such sterile drugs, which is also expected to offer support to the growth of the market.

Mobile applications are also being used for the treatment of patients suffering from Alzheimer, Diabetes, COPD or Asthma. Mobile applications with the use of GPS help to track the patient location. If the patient is travelling away from the home, the caretaker can track the exact location of the patient and also track the consumption of dosage by using mobile application. Most of these applications have been developed for the cloud. Placing the wireless solution on a cloud storage system helps with connectivity issues and makes it easier to communicate across different information regimes.

Limited Knowledge and Adoption Rate among Patients to Hinder Growth Rate

The deployment of connected drug delivery devices is not yet widely promoted within the public health system. This is attributed to the high cost of the product, limited reimbursement, and dearth of awareness among the patients regarding the technology. Moreover, complexity and limited availability of the device further reduces penetration. For instance, interpretation of insulin delivery trend for analysis, is considered to be useful however, because of the complicated user interface, the patients cannot interpret them smoothly. As per the current scenario, such obstacles might directly have an adverse effect on the overall growth of the connected drug delivery devices market.

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Key Segments of Connected Drug Delivery Devices Industry Survey Connected Drug Delivery Devices Market by Product Type:

  • Inhalation Devices
  • Injectable Devices
    • Handheld Injectable Devices
    • Wearable Injectable Devices

Connected Drug Delivery Devices Market by End User:

  • Hospitals
  • Clinics
  • Home Care

Connected Drug Delivery Devices Market by Application:

  • Anaphylaxis
  • Cardiovascular
  • Diabetes
  • Hormone Replacement
  • Others

Connected Drug Delivery Devices Market by Technology:

  • Bluetooth Drug Delivery Devices
  • Near Field Communication Drug Delivery Devices

Connected Drug Delivery Devices Market by Region:

  • North America Connected Drug Delivery Devices Market
  • Latin America Connected Drug Delivery Devices Market
  • Europe Connected Drug Delivery Devices Market
  • East Asia Connected Drug Delivery Devices Market
  • South Asia & Pacific Connected Drug Delivery Devices Market
  • Middle East & Africa (MEA) Connected Drug Delivery Devices Market

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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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Cognitive Systems Spending Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

The global cognitive systems spending market is experiencing numerous technological advancements permitted with exceptional features for several industries, especially in the banking sector. Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology.

Some advances in technology would further benefit the diffusion of big data, thereby booming the growth of the global cognitive systems spending market in the forecast period. Another factor that is driving the growth of the global cognitive systems spending market is the challenge that most banks and financial institutions are facing in the present scenario.

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Key Takeaways of Cognitive Systems Spending Market Study

  • Among the verticals segment, banking segment expected to expand at a higher CAGR over the forecast period, owing to recognition and widespread acceptance of consumer-based intelligent assistant applications.
  • East Asia is expected to create lucrative growth opportunities for players in the cognitive systems spending market, owing to the increasing challenge that most banks and financial institutions in the countries of this region.

Increasing Adoption of Cognitive Systems Spending Market amid the COVID-19 Pandemic outbreak

Cognitive collaboration harnesses the benefits of machine learning and artificial intelligence to increase distributed and in-person collaboration experiences. A team of computer science research at the Carnegie Mellon University has developed a tool using Artificial Intelligence (AI) that determines whether an individual is infected with coronavirus by analyzing the sound of their cough, the way they speak or even breathe. The voice production mechanism is so complex and dependent on cognitive abilities, such factors drives the cognitive systems spending market.

More Valuable Insights on Cognitive Systems Spending Market

FMI’s report on the cognitive systems spending market is segmented into three major sections such as component (GPS & radar systems, multi-function navigation, fish finders/SONAR modules, thermal & visible cameras, marine VHF communication devices, audio/video equipment, marine autopilots, autonomous identification systems, analogue & digital communication display, satellite TV), and software), applications (merchant marine, fishing vessel, yachts/recreation, military naval autonomous shipping, smart boat, underwater drones), and region to help readers understand and lucrative evaluate opportunities in the Cognitive Systems Spending market.

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Cognitive Systems Spending Market: Segmentation

Product Type:

  • Hardware
  • Software
  • Services

Deployment Type:

  • Public
  • On-Premise

Technology Type:

  • Natural Language Processing
  • Machine Learning
  • Automated Reasoning

By Verticals:

  • Banking
  • Education
  • Government
  • Healthcare
  • Insurance
  • Manufacturing

By Region:

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

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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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Confectionery Packaging Market Expected to drive a Healthy 3.3% CAGR During 2022-2027

The confectionery packaging market is assessed at US$ 10.9 billion of every 2022 and is projected to arrive at US$ 13.2 billion by 2027.

Future Market Insights has published a new report titled ‘Confectionery Packaging Market: Global Industry Analysis 2015 – 2021 and Opportunity Assessment 2022 – 2027′ studying the performance of the global Confectionery Packaging Market.

The report presents value and volume forecasts of the global Confectionery Packaging market for a 5-year evaluation period from 2022 to 2027 and provides important insights into factors driving market growth and factors limiting market growth.

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According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$ 10.5 Bn in 2021 and is expected to reach a value of nearly US$ 13.2 Bn by 2027, at a CAGR 3.8% in the course of the forecast period 2022-2027.

Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America

By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy.

The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products. developing,

Global Confectionery Packaging Market: Segmentation and Forecast

The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging type, and region.

  • By Confectionery Type, the chocolate confectionery segment followed by sugar confectionery segment, collectively are estimated to hold around 89% of the market value share in 2022.
  • By material type, the metals segment was valued at nearly US$660 million The plastic segment is expected to remain the most attractive material type during the forecast period owing to barrier properties such as moisture resistance. Packaging of sweets such as chocolate and gum.
  • By packaging type, the flexible packaging segment was valued at nearly US$4,800Mn is projected to grow at a rate of 4.3% during the evaluation period.
  • By region, the Western European Confectionery Packaging market is expected to reach a value of $3160 million in 2027, exhibiting a CAGR of 2.3% during the forecast period.

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What was the Impact of the COVID-19 Pandemic on the Global Market for Bakery Packaging?

The global confectionery packaging market referred to as bakery packaging experienced a slight negative market growth on the back of the factors such as disruption in the supply chain, improper supply & availability of raw material, government restriction on trade, the slowdown in the production process, and others.

Later, with the reduction in restriction by the government, the industries started to operate at their full efficiencies which slowly had a positive impact on the confectionery packaging market.

Moreover, the buying habits of the consumer changed during the pandemic. Consumers started to prefer different varieties and brands of confectionery products along with purchasing different sized packages which creates the market growth opportunity for confectionery packaging.

Furthermore, the key players operating in confectionery packaging started to focus on offering sustainable and eco-friendly packaging solutions which attract confectionery manufacturers. Overall, the confectionery packaging market is expected to rise at a faster pace during the forecasted period.

Competitive Landscape

The key players in confectionery packaging market are developing and launching new products under their product portfolio. The new product launched by the players matches the growing concern of sustainable and environmentally friendly packaging solutions. Also, the key players in the confectionery packaging market are focusing on expanding their presence through mergers & acquisitions.

  • In June 2021, Smurfit Kappa Group announced the completion of the Cartones del Pacifico acquisition. It acquired a leading paper-based packaging company location in Peru which will help the company to expand its footprint in Latin America.
  • In April 2021, Amcor plc partnered with Nestle to move towards sustainable packaging in Australia by offering Nestle, recyclable paper packaging to pack its confectionery products.
  • In March 2021, Amcor plc announced the launch of a soft plastic food wrapper in Australia which is made from recycled content.

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Confectionery Packaging Market by Category

By Packaging Type:

  • Flexible Packaging
    • Wrappers
    • Stickpacks & Sachets
    • Liners
    • Pouches
  • Rigid Packaging
    • Folding Cartons
    • Corrugated Boxes
    • Trays
    • Containers (Metal, Glass & Plastic)

By Material Type:

  • Plastic
  • Paper & Paperboard
  • Metal
  • Aluminum Foil
  • Glass

By Confectionery Type:

  • Chocolate Confectionery
    • Countlines
    • Slabs/Bars/Blocks
    • Boxed Assortments
    • Tablets
    • Others(Confectionery with toys, seasonal chocolates)
  • Sugar Confectionery
    • Gums, Jellies & Pastilles
    • Medicated Confectionery
    • Mints
    • Boiled Sweets
    • Toffees, Caramel & Nougats
    • Lollipops
    • Other Sugar Confectionery
  • Gums
    • Chewing Gums
    • Bubble Gums

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East and Africa (MEA)
  • Japan

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

Contact:
Future Market Insights, Inc
Christiana Corporate,
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Suite 401, Newark,
Delaware – 19713, USA
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Neuromorphic Chip Market Development Status, Competition Analysis, Type and Application 2026

A recent market research report by Future Market Insights presents a thorough overview of the global market for neuromorphic chip. The report is titled “Neuromorphic Chip Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The report states that the market will exhibit a promising CAGR of 20.7% from 2016 to 2026, rising from a valuation of US$1,420 mn in 2015 to a revenue opportunity of US$10,810 mn by the end of 2026.

The promise of a significant leap of improvement in terms of operational prowess, speed of processing, and better suitability to artificial intelligence applications are pushing ahead developments in the field of neuromorphic chips. The vast rise in the scope of applications of these chips across industries such as automotive, defence and military, aerospace, and machine learning is the key factor expected to drive the global neuromorphic chip market in the next few years.

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In terms of incremental opportunity across key regional markets covered in the report, the market in North America is expected to emerge as the most profitable over the report’s forecast period. Owing to the thriving automotive, aerospace, and consumer electronics industries, growth opportunities are vast in the region. Moreover, the region is also home to some of the world’s leading chipmakers and technology companies, making it the hub for technological developments in the area of neuromorphic chips.

The report states that the North America neuromorphic chip market will exhibit a promising 19.7% CAGR over the report’s forecast period, representing an incremental opportunity of US$2,300 mn from 2016 to 2026. If the numbers hold true, the market will rise from a valuation of US$400 mn in 2015 to US$2,700 mn by the end of 2026. Several industries in the region are promoting the convergence advanced, new technologies such as neuromorphic chips with existing technologies so as to improve productivity and efficiency of operations.

One of the most innovative usages of neuromorphic chips is being witnessed in the field of unmanned drones. Neuromorphic chips in drones are being tested for their ability in enabling drones to recognize any defined space visited earlier by storing and processing signal patterns emerging from surroundings of that space.

In terms of application, the report segments the global neuromorphic chip market into image recognition, data mining, and signal recognition. The key end-use industries of neuromorphic chips examined in the report are aerospace and defense, automotive, healthcare, consumer electronics, and industrial. Demand is expected to be promising across all these end-use sectors in the next few years, with the automotive and defense and aerospace sectors expected to remain at the forefront in terms of adoption of neuromorphic chips in the next few years. In the automotive industry, neuromorphic chips, in conjunction with technologies such as signal processing, could help drivers in understanding their immediate surroundings better thus helping them take better decisions.

Other industries are also increasingly representing growth opportunities for neuromorphic chips and are expected to help the market expand at a promising pace over the report’s forecast period. The vendor landscape has started becoming crowded and companies, with the aim of strengthening their hold on the market and making the most of available opportunities, have started focusing on strategic collaborations. Some of the leading companies presently operating in the market are IBM Corporation, Hewlett Packard Labs, HRL Laboratories, LLC, General Vision, and Intel Corporation.

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Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

  • IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year
  • Intel Corporation invested US$ 12.1 Bn on R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.
  • In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition
  • Hewlett Packard Labs focusses on transferring advanced technologies into innovative products in order to propel the company’s growth, maintain industry leadership and competitive advantage
  • HRL Laboratories focusses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge

Global Neuromorphic Chip Market: Market Segmentation

By Application

  • Image Recognition
  • Signal Recognition
  • Data Mining
  • Others

By Vertical

  • Aerospace & Defence
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Industrial
  • Others

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By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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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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Pharmaceutical Cold Chain Packaging Market To Examine Growth, Incredible Demand in Coming Years 2021-2031

The Pharmaceutical Cold Chain Packaging Market is expected to reach US$ 46.9 Bn by 2031, likely to surge at a vigorous 15% CAGR during the assessment period.

The existence of multiple companies has fragmented the worldwide pharmaceutical cold chain packaging market. However, the majority of the major producers are concentrated in India, China, and the United States.The market is likely to increase significantly as new players build manufacturing facilities in developing countries such as India, Brazil, and Malaysia. The market penetration is so low that it will expand tenfold in the future years.

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Key Takeaways from Pharmaceutical Cold Chain Packaging Market

  • By packaging format, active packaging is expected to grow by 5xtimes by 2031.
  • By product, the demand for large sized pallet containers is expected to increase at a CAGR of 6%during the period of 2021-2031.
  • By material, paper is expected to create an incremental opportunity of US$ 10.5 Bnduring the forecast period.
  • By application, vaccine and diagnostics segment is expected to hold a value market share of 1%in 2021.
  • By end use, vaccine packaging industry is expected register Y-o-Y growth of 1% in 2021.
  • The U.S. pharmaceutical cold chain market is expected to reach a market value of US$ 7.0 Bnby 2031.
  • India is expected to be the most lucrative market across South Asia
  • China and Germany are expected to spearhead the growth of East Asia and Europe market during the forecast period.

Several market companies have been drawn to Asian countries by low production costs, simple access to labour, and cheap availability of raw materials. In the pharmaceutical cold chain packaging market, this trend is also evident.

Demand for safe packaging materials is increasing in the pharmaceutical industry. Expansion of pharmaceutical delivery chains has fuelled the demand for solutions to allow storage of products in the prescribed cold temperature so that they don’t undergo any chemical reaction or change their formulation, which could be dangerous for the consumers. These factors are expected to bode well for the market.

“Sales of sustainable pharmaceutical cold chain packaging solutions are driven by the need for more ecological packaging with improved tracking. Steered by increasing demandmarket players are expected to focus on strategic collaborations. This also will help them expand their footprint globally” says FMI analyst.

Commencement of Inoculation Across the Globe will Improve the Pharmaceutical Cold Chain Packaging Market Demand

With the pressure to distribute the COVID-19 vaccine worldwide and to address the seasonal demand for flu shots, pharmaceutical companies are largely depending on cold chain packaging companies to deliver their products in a faster, convenient and hassle-free manner. It is improving the value of the cold chain packaging market and giving rise to innovations and technological advancements.

Collaborations and Integrations Among Key Players to Boost Market Demand

Due to the slight disruption in supply chain due to COVID-19, pharmaceutical companies are involving multiple players to fulfil delivery across the globe. With multiple companies involved, multiple touchpoints for delivery are created and the product could be easily tracked in this process. Several companies are integrating with logistic providers to create a special logistic chain that can carry the processes like warehousing, logistics, delivery and shipment with lower costs.

Market Landscape

Sonoco ThermoSafe, Cold Chain Technologies, Sealed Air Corporation, Nordic Cold Chain Solutions, Cryopak, CSafe Global LLC, TemperPack Technologies, Inc., Insulated Product Corp., Global Cooling, Inc., Envirotainer AB, va-Q-tec AG, EMBALL’ISO, Softbox Systems, Sofrigam SAS, DGP Intelsius LLC, Tempack Packaging Solutions SL, TOWER Cold Chain Solutions, Pelican BioThermal LLC, Blue Star Limited, BIOBASE Group, Andores New Energy Co., Ltd., Haier Biomedical Co. Ltd., Tamai Kasei Co., Ltd., Dhruvraj Syndicate, Valor Industries, KODIAKOOLER, WoolCool Ltd., and Allwin Roto Plast are few of the market players in the pharmaceutical cold chain packaging market.

Tier one market players hold 10% to 15% of the total global pharmaceutical cold chain packaging market. As per FMI, tier-1 players include Sonoco ThermoSafe, Sealed Air Corporation, and Nordic Cold Chain Solutions. Sonoco ThermoSafe is expected to contribute approximately 3 to 4% to the total pharmaceutical cold chain packaging market share.

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Pharmaceutical Cold Chain Packaging Market by Category

By Packaging Format:

  • Passive Packaging
  • Single Use or One Way Use Packaging
  • Multiple Use or Re-Usable Packaging
  • Active Packaging
  • Reefer Trucks and Containers
  • Active Pallet Containers

By Product:

  • Small Boxes
  • Pallets
  • Single Pallets
  • Double Pallets
  • Large sized Pallet Containers

By Material:

  • Polymer
  • Polyethylene
  • Polypropylene
  • PET
  • EPS
  • Polyurethane
  • Others
  • Metal
  • Paper

By Application:

  • Biologics and Biological Samples
  • Vaccines and Diagnostics
  • Others

By End-Use:

  • Diagnostic Centers
  • Clinical Research Organization
  • Blood Banks
  • Vaccines Packaging Industry
  • Pharmaceuticals
  • Other Healthcare Units

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

Contact:
Future Market Insights, Inc
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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