Hand Tools Market Expectations & Growth Trends Highlighted Until 2031

The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach  ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).

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In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for hand tools Market. The report tracks the global sales of hand tools in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the industrial, household, DIY sector in general, and hand tools in particular.

Key Takeaways of Hand Tools Market Study

  • After recording negative growth in 2020 amid COVID-19, 2021 will be a year of recovery for the market, as it is forecast to exhibit over 3% Y-o-Y growth
  • The U.S. will remain a highly lucrative market, accounting for 80% of hand tools sold in North America
  • Within Europe, the U.K. will emerge as an important market, exhibiting a little above 3% Y-o-Y growth in 2021
  • Germany and France also will record consistently rising demand for hand tools through the forecast period
  • South Korea and Japan will emerge as attractive markets for sales in East Asia

The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

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By Segmentation:

Product Type

  • General Purpose Tools
  • Metal Cutting Tools
  • Layout & Measuring Tools
  • Taps & Dies

Application

  • Industrial
  • Household and DIY

Sales Channel

  • Online Sales
  • Retail Sales
  • Distributor Sales

Region

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

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Competitive Analysis:

Some of the leading players operating in the market are Stanley Black & Decker, Inc., Snap-on Incorporated, IDEAL INDUSTRIES, INC., Apex Tool Group, KLEIN TOOLS INC., Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools

Saudi Arabia Pharmaceutical Market Outlook Cover New Business Strategy with Upcoming Opportunity 2026

The significant rise in lifestyle-related diseases and the developments in healthcare infrastructure are expected to influence the demand for pharmaceuticals in Saudi Arabia. In 2016, the Saudi Arabia pharmaceutical market is anticipated to procure value worth US$ 5,209.5 Mn at a y-o-y growth of 6.0 % over 2015. The mounting demand for branded drug products will continue to incite the growth of the Saudi Arabian pharmaceutical market in 2016.

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The demand for pharmaceuticals in Saudi Arabia is expected to register substantial growth owing to the increasing penetration of health insurance companies and the rising incidence rate of non-communicable diseases. Furthermore, the exceptional rise in the per capita income of Saudi Arabia is also expected to foster the demand for branded pharmaceutical drugs. Another key factor driving the growth of the pharmaceutical market in Saudi Arabia is the country’s strategic move to allow 100% FDI in the pharmaceuticals sector. Although, the shortage of profound indigenous research capacity in the pharmaceutical industry and the delayed registration of drug and medicine patents is expected to limit the expansion of the market in 2016 and beyond.

Based on the product type, the pharmaceutical market in Saudi Arabia is expected to witness an upsurge in the prescription-type branded drug products. In terms of market value, the branded drugs are estimated to reach US$ 2,760.8 Mn by 2016-end. The demand for generic drugs is projected to secure steady growth, attributing to the insisting promotion of generic drug adoption by healthcare insurance providers.

On the basis of the diseases, the pharmaceutical drugs used for treatment of cardiovascular diseases will continue exhibiting robust growth in 2016. The demand for cardiovascular medications will continue to surge due to the prominence of circulatory disorders in Saudi Arabia. Additionally, the rising prevalence of disorders related to body sugar levels is expected to make diabetes a rapidly growing disease-based sub-segment in the Saudi Arabia pharmaceutical market.

The pharmaceutical market in Saudi Arabia is also segmented on the basis of distribution channel, where retail pharmacies will continue to account for 80% market share compared to hospital pharmacies. The westernised modernisation of retail pharmacies in Saudi Arabia has led to the availability of a wide range drugs and medicinal products, thereby attaining a considerable growth in the retail pharmacy sub-segment in 2016 and further.

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The rising resource potential in Saudi Arabia is projected to positively reform the production environment for pharmaceutical manufacturers. In order to expand the market’s size, structuring alliances with well-established native companies is predicted to be a key strategy for global pharmaceutical leaders. The key players in the Saudi Arabia pharmaceutical market include Novartis AG, SPIMACO, Pfizer Inc., and Glaxosmithkline plc., Jamjoom Pharma,  and Tabuk Pharmaceutical Manufacturing Co. among others.

Long-term Outlook: The Saudi Arabia pharmaceutical market is expected to expand at a CAGR of 9.0% over the forecast period 2016-2026. In terms of market value, the pharmaceutical market in Saudi Arabia is estimated to be worth US$ 12,281.4 Mn by the end of forecast period.

Interleukin-6 (IL-6) Inhibitors Market Poised to Expand at a Robust Pace | FMI

Interleukin-6 (IL-6) inhibitors are the inhibitors of cytokine Interleukin-6 (IL-6) to curb the diseases and symptoms induced by Interleukin-6 such as fever, inflammations, and autoimmune diseases including arthritis, asthma and cancer.

Interleukin-6 (IL-6) inhibitors are inhibitors of IL-6 and IL-6 receptors (IL-6Rs) to curb rheumatoid arthritis, Castleman’s disease (CD), cancers and asthma.

According to the World Health Organization, the globally 18% of women of above 80 years and 9.6% of men are suffering from arthritis. The American Cancer Society has stated the surge of 4,300 to 5,100 of CD in the U.S.

Coronavirus has surged the market of Interleukin-6 (IL-6) inhibitors with its demands to ameliorate severe pneumonia, alveolar damages. Tocilizumab and Sarilumab are in active use against Coronavirus and siltuximab are under investigation.

Current augmentations of improving healthcare industry, increasing therapeutic demands, active development of Interleukin-6 (IL-6) inhibitors and Coronavirus anticipates for the further future growth of global Interleukin-6 (IL-6) inhibitors.

Interleukin-6 (IL-6) Inhibitors Market: Drivers and Restraints

The driver of global Interleukin-6 (IL-6) inhibitors market includes the high target specificity and affinity of Interleukin-6 (IL-6) inhibitors and its availability, rising cases of rheumatoid arthritis, Castleman’s disease, cancer, arteritis and several other autoimmune and inflammatory diseases.

The global Interleukin-6 (IL-6) inhibitors market drivers include the availability of highly specific and efficient Interleukin-6 (IL-6) inhibitors, increasing autoimmune diseases and cancer, raising awareness, key market players, advancing research and healthcare expenditures.

The available Interleukin-6 (IL-6) inhibitors are highly efficient and target specific. Interleukin-6 (IL-6) inhibitors are primarily used for the treatment of Rheumatoid Arthritis, Castleman’s disease and cancers.

The positive outcomes of R&D, clinics trials and FDA approvals potentiate the lucrative growth spurt of Interleukin-6 (IL-6) inhibitors market, supported by government aids and awareness campaigns.

The manufactures and vendors are working with the key focus of improved efficacy, target specificities of the Interleukin-6 (IL-6) inhibitors, also strategic collaborations and alliances, and biologic development in the Interleukin-6 (IL-6) inhibitors domain are propelling the market.

However, the global Interleukin-6 (IL-6) inhibitors market decelerates by the adverse reactions, high cost and stringent regulations. Despite these restraints, the global Interleukin-6 (IL-6) inhibitors market is poised to grow lucratively by the supportive reimbursement policies for cutting down the cost and expenses, and the several potential including Olokizumab, Elsilimomab, Sirukumab, Clazakizumab and many more.

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Interleukin-6 (IL-6) Inhibitors Market: Overview

The global Interleukin-6 (IL-6) inhibitors market is poised to grow at a lucrative rate by the rising autoimmune diseases, improved Interleukin-6 (IL-6) inhibitors and advancing healthcare and research.

By disease type, Rheumatoid Arthritis dominates the segment with its rising cases and the active use of Interleukin-6 (IL-6) inhibitors (Tocilizumab) for treatment. By Interleukin-6 (IL-6) inhibitors type, the Tocilizumab rules the segment with its massive application for Rheumatoid arthritis, Systemic juvenile idiopathic arthritis Castleman’s disease (CD), giant cell arteritis and lung carcinomas.

Siltuximab segment is growing at a faster rate with its application for prostate cancer, renal cancer and CD. By distribution channels type, retail pharmacies segment holds the largest market of Interleukin-6 (IL-6) inhibitors distributions, driven by its convenience, drug availability and increasing numbers of retail pharmacies globally.

Interleukin-6 (IL-6) Inhibitors Market: Regional Outlook

North America leads the global Interleukin-6 (IL-6) inhibitors market with the increasing autoimmune diseases and cancer, supportive campaigns and programs for patients, recent Interleukin-6 (IL-6) inhibitors approvals and the key players.

Europe holds the second largest global Interleukin-6 (IL-6) inhibitors market due to the advanced healthcare infrastructure, expenditure and high demands. The Asia-Pacific Interleukin-6 (IL-6) inhibitors market are anticipated with further growth, driven by the rising awareness of diseases and treatments, advancing technology, healthcare and R&D.

Latin America Interleukin-6 (IL-6) inhibitors market is experiencing growth with the increasing research studies of Interleukin-6 (IL-6) inhibitors in the viral disease treatments. MEA & Africa is also growing with active research and clinical developments of Interleukin-6 (IL-6) inhibitors as therapeutics.

Interleukin-6 (IL-6) Inhibitors Market: Key players

The key players of global Interleukin-6 (IL-6) inhibitors market include

  • Roche
  • Sanofi
  • GlaxoSmithKline
  • Janssen
  • Tiziana Life Sciences
  • Regeneron
  • Novimmune
  • Vitaeris and Chugai Pharmaceutical.

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

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.The report also maps the qualitative impact of various market factors on market segments and geographies.

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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Interleukin-6 (IL-6) Inhibitors Market: Segmentation

The global Interleukin-6 (IL-6) inhibitors market is segmented into diseases, IL-6 inhibitors types, distribution channels and regions.

disease type:

  • Rheumatoid Arthritis
  • Castleman’s disease
  • Cancers (Renal cancer, prostate cancer )
  • Arteritis

IL-6 inhibitors types:

  • Tocilizumab
  • Siltuximab
  • Sylvant

distribution channels :

  • Retail Pharmacies
  • Hospital pharmacies
  • Online pharmacies

Rx-to-OTC Switches Market to Garner US$ 58 Bn by 2031 at 5.3% CAGR, Says FMI

Rx-to-OTC switches sales value is estimated to total US$ 35 Bn in 2021, according to a Future Market Insights (FMI) study. Exhibiting 5.3% CAGR, the overall Rx-to-OTC switches market size is likely to surpass US$ 58 Bn by 2031.

Scientifically, it is a rigorous and highly regulated process that allows consumers to purchase OTC access to a growing range of medicines. For a medicine to be granted under OTC status, it must comply with the regulatory standards associated with its efficacy, have a wide safety margin, and bolster labelling to ensure proper usage of the product.

The increasing prevalence of diseases with common self-treatable symptoms, such as cold and flu, headaches, allergies, and others has fuelled the demand for OTC drugs. Thus, growing sales of non-prescription drugs have pushed pharmaceutical companies to focus on Rx to OTC switches to meet customer needs thereby gaining high revenue in the market.

It was observed in 2020, Rx-to-OTC activity was driven by growing regulatory approvals and increased OTC sales. The COVID-19 outbreak has restricted patients to visit hospitals and clinics suffering from common illnesses. Consequently, delays in prescribed medication have shifted the customer preference towards the OTC drug consumption. As a result, the COVID 19 outbreak bolstered the demand for OTC products, which in turn has supported the adoption of Rx-to-OTC switches.

The Food and Drug Administration (FDA) introduced the non-prescription safe use regulatory expansion (NSURE) panel in 2013 that has supported a new wave of Rx-to-OTC switches, with a focus on creating conditions for switches in new therapeutic classes.

The introduction of the panel aimed to promote switches which had gained consumer attention, which in turn has aided the demand for the OTC drugs in the market.

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Key Takeaways from Rx-to-OTC Switches Market Study

  • Allergy and respiratory drugs are anticipated to gain a revenue share of more than 25% with a CAGR of 5.7% owing to the rising prevalence of lifestyle-based ailments.
  • Retail pharmacies are anticipated to grow at a CAGR of 5.1% over the forecast period owing to the rise of e-commerce and the procurement of cost-effective medicines.
  • The U.K. holds the lead in Europe, holding a share of over 33% owing to the implementation of favourable government policies.
  • The U.S. will account for over 77% of the North America market by 2031, supported by a matured healthcare and pharmaceutical sector and favourable reimbursement policies.
  • China is the largest and fastest growing market in East Asia estimated to account for close to 49% of the global market, owing to the country’s large-scale pharmaceutical requirements.

“Increasing global prevalence of allergies and common illnesses such as flu, coupled with rising awareness for self-medication practices, are driving the growth of the global Rx-to-OTC switches market,” says the FMI analyst.

Who is Winning?

Rx to OTC switches have led the pharmaceutical companies to shift focus from patients to consumers in terms of end users. In addition to strategic collaborations, acquisitions, expansion, product launches, agreements and research sponsorships are the key strategies adopted by manufacturers to expand their research and development (R&D) capabilities increasing sales in wider geographical base to strengthen product portfolios in the Rx-to-OTC switches market.

For instance, in January 2021, Boehringer Ingelheim entered into a collaborative agreement with Google Quantum AI (Google), focusing on researching and implementing cutting-edge use cases for quantum computing in pharmaceutical research and development (R&D).

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Want More Insights?

Future Market Insights (FMI) brings the comprehensive research report on forecast 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 Rx-to-OTC Switches 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 Rx-to-OTC Switches market on basis of product type [allergy and respiratory, fungal infections & other infections, overactive bladder, oral contraceptives, gastrointestinal drugs, hair loss treatments, smoking cessation, analgesic, inflammation and pain management and others (lice, acne, weight loss, and laxative)]. Based on distribution channels [retail pharmacies, hospital pharmacies, drug stores and online pharmacies] across seven major regions.

Key Questions Answered in the Report

  • How much is the Rx-to-OTC switches market worth?

The Rx-to-OTC switches market will be worth US$ 35 Bn in the year 2021 and is expected to reach US$ 58 Bn by 2031 owing to growing demand for OTC over prescribed drugs.

  • What will be the sales forecast of the Rx-to-OTC switches market?

Response: The Rx-to-OTC switches market is estimated to grow at a CAGR of 5.3% during the forecast period with an estimated Rx-to-OTC switched products revenue accounting more than US$ 58 Bn in 2031.

  • What was the last 5-year CAGR in the Rx-to-OTC switches market?

Historically, the market has grown at a CAGR of 1.5% in the last 5 years, between 2016 and 2020.

  • What are the key trends of the Rx-to-OTC switches market?

Altering the dosage form of the prescribed drugs to extend its life-cycle, offering patient centric products with increased customization, higher approval for the modified products to treat new indications, and adoption of strategic agreements by key market leaders are some of the key trends adopted by the manufacturers.

  • What is driving the demand in the Rx-to-OTC switches market?

Growing preference for OTC drugs over prescribed drugs, rising demand for accessible and varied treatment options, are some of the driving factors that has bolstered the demand in the market.

  • What is the market share of the top 3 players in the Rx-to-OTC switches market?

The cumulative market share of top 3 players including GlaxoSmithKline Plc, Sanofi, and Johnson & Johnson constitute over 46% of the overall market.

  • What are the top 5 countries driving demand in the RX-to-OTC switches market?

The U.S., U.K., Germany, China, and India are the top 5 countries that are driving the demand for Rx-to-OTC switches market.

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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Dental Services Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

Rapidly increasing dental awareness campaigns has been witnessed as a trend gaining significant traction in dental services market since the recent past. Tie-ups between print media and visual media for supporting promotion of importance of dental health checkup is expected to create significant growth avenues for dental services market. Growing incidences of dental diseases, rising geriatric population and availability of well-established healthcare infrastructure is expected to augment the demand and supply of dental services. However, increasing focus on development of the dental vaccines that helps in prevention of dental diseases has been significantly restraining the growth of dental services market.

Laser dentistry is likely to gain significant traction in dental services market owing to the benefit this service offers by eliminating the need for usage of surgical instruments. Dental clinics is anticipated to be the end-user holding lion’s share in dental services market. Rising mergers and collaborations between insurance companies and dental clinics is expected to create positive growth aspects for dental services market.

Large population base and rising government initiatives is expected to offer favorable growth prospects for dental services market in developing countries. Dental services market is anticipated to experience a transformation in their delivery model with the help of dental support organizations that are leading to rising group or corporate practices.

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Dental services is one of the fastest growing market in the healthcare industry. Dental services include diagnosis, prevention and treatment of diseases of oral cavity. Dental services include dental implants, root canal – endodontic, cosmetic dentistry, oral surgery, laser dentistry, dentures and smile makeover.

General oral cavity diseases include, dental caries also known as tooth decay and pyorrhea are expected to boost the Dental services market. Dental services treatments include, extraction or surgical removal of teeth, restoration of teeth, scaling and root planning and endodontic root canal treatment.

In the U.S. around 90% of young population have dental caries, while out of all dentate adults almost 94% have evidence of coronal caries. According to Centers for Disease Control and Prevention (CDC) report 47.2% of the total population in the U.S. who are above 30 years suffers from periodontal disease.

Dental Services Market: Drivers and Restraints

Rising number of people suffering from periodontal disease, growing private health insurance coverageis and escalating demand for cosmetic and elective dentistry are factors driving the growth of dental services market.Factors contributing in the growth of dental services market are increased proportion of sugar based medication and existing life style factors. Additionally, the increasing population in the Asia Pacific region is also the major factor to drive the growth of global dental services market. However, according to WHO, it was observed that the cases with dental caries are declining due to the number of public health measures and improved self-care practices in the developed countries. These are the major restraints for the dental services market.

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Dental Services Market: Overview

Increasing healthcare awareness among mass population along with rise in prevalence rate of oral cavity diseases expected to propel the overall demand for dental services worldwide. Increased focus on personal appearance and improvements in technology, materials, and methods are spurring demand for cosmetic and elective dental services. The market is expected to witness a healthy growth over the forecast period (2016-2026)

Dental Services Market: Region- wise Outlook

Depending on geographic regions, the global Dental services Market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America dominates the global market for dental services market due to high prevalence rate of dental caries, followed by Europe. According to WHO, 90% people are diagnosed with dental caries in North America. Asia & pacific regions is expected to record a healthy growth rate in a CAGR due to people adopting to smile makeover treatment.

Dental Services Market: Key Players

Some of the key players in this market are

  • Apollo White Dental
  • Dental Services Group
  • Pacific Dental Services
  • Great Expressions Dental Centers
  • Gentle Dentistry, LLC
  • Coast Dental Services, LLC

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 categories such as market segments, geographies, types, technology and applications.

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Dental Services Market: Segmentation

Dental services market is segmented into following types

By Service

  • Dental Implants
  • Orthodontics
  • Periodontics
  • Root Canal – Endodontics
  • Cosmetic Dentistry
  • Laser Dentistry
  • Dentures
  • Oral and Maxillofacial Surgery
  • Smile Makeover

End User

  • Hospitals
  • Dental Clinics

Healthcare Virtual Assistants Market Poised to Expand at a Robust Pace | FMI

Healthcare virtual assistants can provide 24/7 patient monitoring. The AI and rule-based systems that interact with humans to perform various tasks. These assistants use cognitive technologies such as machine learning, natural language processing, and neural networks to enable interactive communications with the end-users.

Virtual assistant technology in the healthcare industry can assist in transforming various health processes and improve healthcare delivery, worldwide. The speech recognition-based virtual assistants system in the healthcare industry is focused on aiding the administrative tasks for physicians by automating the operational processes, such as medical transcription, scheduling, chart search, and medical information search.

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Impact of COVID-19 Pandemic Outbreak

The adoption is increased for the new interactive Chabot and voice assistant specifically to support healthcare organizations during the COVID-19 pandemic. The COVID-19 Virtual Assistant aims at helping educate the public and support medical professionals in screening and triaging people who may have been infected by the virus.

In the past 1-3 years, the market for healthcare IT solutions has grown by almost 20% globally. However, due to the COVID-19 outbreak, adoption of healthcare IT solutions is projected to increase by nearly 8%-10% in the year 2020, due to increasing healthcare concerns and medical assistance.

Furthermore, the market is expected to increase significantly during Q3-Q4 2020, to assist in the healthcare incidents rising post this pandemic situation.

Healthcare Virtual Assistants Market: – Market Dynamics

The advancements in IT systems and healthcare technologies play an important role in fueling the growth of digital healthcare IT solutions. Developments in mobile health technology has emerged as a natural extension of the new generation of healthcare IT systems.

The healthcare virtual assistants support the user database, including physicians, hospital staff, surgeons, and others. All these factors are supporting the rapid adoption of hospital automation solutions, and ultimately, fueling the growth of healthcare virtual assistants in the healthcare industry.

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Demand for 24×7 Connectivity Solution for Patient Monitoring

The rising demand for establishing efficient networks among hospital staff, physicians, and others is driving the demand for healthcare virtual assistants market. Hospitals and clinical labs are more focused towards delivering high-quality patient care, which is a challenging task.

Healthcare virtual assistants help users by providing seamless connectivity to internal and external medical professionals on a real-time basis, with 24×7 connectivity between physicians, nurses, clinical laboratory staff, and other hospital staff. This connectivity helps hospitals improvise patient care coordination, safety, and simultaneously provide satisfying service to their patients.

Healthcare Virtual Assistants Market: – Key Players

Key players in the Healthcare Virtual Assistants market are focusing on product expansion and strategic partnerships with the technology vendors to collaborate for offering quality healthcare products and services for sustained business growth.

The major players offering Healthcare Virtual Assistants solutions include –

  • Nuance Communications, Inc.
  • Amazon
  • Verint Systems Inc.
  • Infermedica
  • Sensely, Inc.
  • Microsoft Corporation
  • CSS Corporation
  • Egain Corporation
  • Kognito Solutions, LLC
  • Healthtap, Inc.
  • Babylon Healthcare Services Limited
  • ADA Digital Health, among others.

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 of the global healthcare virtual assistants market.

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Healthcare Virtual Assistants Market: – Segmentation

By Product, Healthcare Virtual Assistants Market is segmented into-

  • Web-based Chatbots
  • Mobile-based Chatbots

By End User, Healthcare Virtual Assistants Market is segmented into-

  • Healthcare Providers
  • Patients
  • Other End Users

Dairy-Free Smoothies Market Is Set to Experience Revolutionary Growth

Dairy-free smoothies are the smoothies made from other substitutes of dairy products. In this, there is no casein any gluten, and it’s free from the dairy products. Consumers are more health conscious and are concern about the food product and their constituents they consumers, some consumers are also, allergic to the dairy products, due to their sensitivity to casein or lactose concentration present in the mammalian milk and milk products. So for these consumers, there is a need for dairy-free products such as dairy-free smoothies.

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Dairy-Free Smoothies Has Increasing Demand Due to Rising Vegan Consumers.

Nowadays, consumers are showing their interest in 100% vegan products that are dairy-free products. Manufacturers keeping this rising demand for vegan products in mind are launching food products those are dairy free, such as dairy-free chess, soya milk, dairy-free smoothies, ice-creams, and other dairy products. According to genetics home reference (NIH), 65% of the human population has lactose intolerance that is reduced the ability to digest lactose, for these consumers there must be an alternative to dairy products, to use dairy-free smoothie in various application such as ice-cream, smoothies, cheese, and other dairy products. Manufacturers are aware of this increasing lactose intolerance among the consumers owing to the demand for vegan products such as dairy-free smoothies increasing its market demand over the forecasted period.

Dairy-Free Smoothies Market: Key Market Players

The market players operating in dairy-free smoothies market are Innocent Drinks, Tate & Lyle plc., Life Force Beverages LLC, Golden State Foods Corporation, Beaming Wellness, Inc., Maui Wowi Franchising, Inc., Campbell Soup Company, Tasti D-Lite, LLC. WWF Operating Company., and Retail Zoo Pyt Ltd. are the few market players of dairy free smoothies.

The report covers exhaustive analysis on:

  • Dairy-Free Smoothie  Market Segments
  • Dairy-Free Smoothie Market Dynamics
  • Dairy-Free Smoothie Market Size
  • Dairy-Free Smoothie Supply And Demand
  • Current Trends/Issues/Challenges pertaining to dairy-free smoothie system market
  • Competition Landscape and Emerging Market Participants in dairy-free smoothie market
  • Technology related to Production/Processing of dairy-free smoothie.
  • Value Chain Analysis of the dairy-free smoothie market

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Dairy-Free Smoothies Market Segmentation:

On the basis of source the global Dairy-Free Smoothies Market is segmented as-

  • Fruit based dairy-free smoothie
  • Water based dairy-free smoothie
  • Coconut milk dairy-free smoothie
  • Other (alternative milk source)

On the basis of flavour the global Dairy-Free Smoothies Market is segmented as-

  • Fruit flavour dairy-free smoothie
  • Vanilla dairy-free smoothie
  • Chocolate dairy-free smoothie
  • Other (natural flavours’ dairy-free smoothie)

On the basis of distribution channel the global Dairy-Free Smoothies Market is segmented as-

  • B2B
  • B2C
  • Store-Based Retailing
  • Grocery Retailers
  • Modern Grocery Retailers
  • Convenience Stores
  • Discounters
  • Traditional Grocery Retailers
  • Independent Small Grocers
  • Other Grocery Retailers
  • Non-grocery Retailers
  • Mixed Retailers

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Report Highlights:

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

 

PARP Inhibitors Market is estimated to be valued at US$ 8.4 Bn by 2026 – Future Market Insights

By capturing over ¾ of overall revenue value, Olaparib would remain the preferable drug in the PARP inhibitors market. Moreover, Olaparib has received regulatory approval in a majority of regions. Influenced by the rising cancer patient pool, governments all over the world are giving a green signal to novel anti-cancer drugs such as Niraparib and Talazoparib. Although these new drugs are still yet to receive government consent in some developing regions, their rapid uptake is driving huge attention of market players.

The global poly ADP ribose polymerase (PARP) inhibitors market is poised for an exponential growth at a CAGR of 15% during the forecast period (2019-2026). Strong demand from the flourishing pharmaceutical industries a key contributor for this growth projection. PARP inhibitors have gained noteworthy momentum owing to increased awareness about efficacy in terms of treating different types of cancer.

“The unique ability of PARP inhibitors to improve progression-free survival in ovarian and breast cancer patients is expected to generate extensive traction for the market, thereby propelling the growth of the global PARP inhibitors market over the forecast period,” forecasts the FMI report.

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Key Takeaways of PARP Inhibitors Market Study

  • Olaparib is projected to dominate the global PARP inhibitors market owing to its applications in ovarian cancer, breast cancer, and pancreatic cancer.
  • A number of PARP inhibitors are up for imminent approval owing to a new drug application process.
  • PARP inhibitors are rapidly gaining traction as a new care standard of ovarian cancer treatment following platinum chemotherapy.
  • North America and Europe are projected to remain the dominant regional PARP inhibitors markets owing to better access to new technology and reimbursement policies.
  • Centralizing access to virtual and physical care with the aid of startups, research institutes and government bodies will play a key role in role for the future.

PARP Inhibitors Market – Top Growth Drivers

  • The rising burden of the different cancer types is a key driver behind the demand for PARP inhibitors.
  • The superior efficacy of PARP inhibitors over that of other cancer treatments is expected to drive revenue generation in the forecast period.
  • Faster approval of PARP inhibitor drugs are also anticipated to drive adoption rates, as demand rises.

PARP Inhibitors Market – Key Restraints

  • High costs related to clinical trials, insurance coverage, and testing for drug-drug interactions is a key restraint, particularly for emerging players.
  • The nascent nature of the PARP inhibitors market also builds the risk of such dosages not being included in select electronic records.

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Competitive Landscape

Some of the key market players profiled in the report include, but are not limited to TESARO Inc., AbbVie Inc., Pfizer Inc., AstraZeneca, CLOVIS ONCOLOGY. Mergers and acquisitions are the key developmental strategies being adopted by leading market players, as the market is projected to remain in a consolidated stage through the forecast period. Such moves will enable manufacturers to widen their scope of regional product offerings. For instance, TESARO Inc., was acquired by Glaxo Smith Kline plc which allowed the latter to expand its product portfolio with the inclusion of Zejula (Niraparib) PARP inhibitor.

More About the Report

The 200-page study offers an in-depth market forecast and analysis on PARP inhibitors market. The major categories encompassed by the report include drug (olaparib, niraparib, rucaparib, and talazoparib), indication (ovarian cancer, breast cancer, prostate cancer, and pancreatic cancer), distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies) across seven regions (Middle East & Africa, Oceania, Europe, Latin America, South Asia, East Asia, North America).

Explore Extensive Coverage of FMI’s Healthcare, Pharmaceuticals and Medical Devices Landscape

Liquid Biopsy Market– FMI’s comprehensive analysis on the global liquid biopsy market helps stakeholders identify challenges and opportunities. The study covers key regions, competitive landscape, winning imperatives, and key recommendations.

Narcolepsy Treatment Market– Get actionable insights on the global narcolepsy treatment market covering important market dynamics, current and historical growth parameters, and future growth prospects for 2018-2028.

Protein Expression Technology Market– Find a deep-dive analysis of the global protein expression technology market encompassing market performance parameters, key trends, revenue forecast, and value projection along with market share analysis of key players.

Executive Education Program Market Huge Growth Opportunity between 2021-2031

The Executive Education Program Market is projected to surpass US$ 37.8 Bn in 2021. Driven by high demand for in-personal programs and professional courses to up skill the career, the executive education program market is expected to exhibit compound annual growth rate (CAGR) of 11.2%.

Executive learning is an important tool for global businesses to nurture top leadership talent. With technological advancements in every domain, need for leadership and improved skill have increased and so has the adoption of executive education program. As per Future Market Insights (FMI), the executive education program market registered impressive year-on-year growth rate of 10.0% in 2021.

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The use of coaching to increase performance at all levels has been highlighted due to the understanding that engaged, developed people offer considerable value to a company’s performance. Technological advancements, lower coaching costs, and greater accessibility have all led to the expansion of group coaching.

One strategy to ensure the long-term success of diverse hires is to provide coaching. Businesses can also use Artificial Intelligence (AI)-powered coach bots and hyper-personalized nudges from companies such as LEADx, Butterfly.ai, and Qstream, to name a few.

Furthermore, it is not only technology and data science experts that are responsible for using big data; business analytics and artificial intelligence (AI) are also used to solve complicated problems. Understanding and guiding these approaches to achieve corporate goals is the responsibility of organizational leadership, which explains the importance and growing popularity of AI and predictive analytics courses.

Candidates can identify difficulties that analytics, machine learning, and artificial intelligence can tackle if they have a working knowledge of data science. It will also assist them in making the best investments possible in people, data, systems, culture, and organization.

Artificial Intelligence is revolutionizing people’s personal and professional life all around the world, and its simple application to a variety of tasks benefits businesses will boost productivity and outcomes. Employees may comprehend how this game-changing technology can assist the many business activities in an organization in order to instil this new tech-driven economy.

Furthermore, in order to develop more skills in the students many business schools are developing programs with variety of case studies. For instance, Graduate School of Stanford Business has a set of case studies dealing with leadership, strategy, negotiation and online learning, among other topics. The case study form of learning provides on-the-edge learning to candidates in a short span.

Key Takeaways from the Executive Education Program Market Study

  • Pre-designed programs will gain immense popularity as demand for executive courses rises among business owners, holding over 58.6% of total share in 2021.
  • Increasing business opportunities and expansion of banking sector have encouraged the companies to upscale their employees profile. On the back of this, financial services have gained significant popularity, accounting for 21.9% of total market share in 2021.
  • Individual/ private learners will account for a notable share of 55.9% in the market in 2021.
  • In 2021, the U.S. will lead the North America’s executive education programs market backed by presence of the best-known and oldest business schools
  • In 2021, the U.K. is expected to be the most lucrative market in Europe, capturing over 26.2% market share.

“In the highly competitive environment the B-schools are actively engaged in promoting their executive education programs. The offerings in the market are being increasingly promoted as programs designed considering the globally distributed workforce. All such efforts on the part of universities and b-schools are further expected to drive market growth.” says an FMI analyst.

Who is Winning?

Leading players of executive education program market are focused on aggressive promotional strategies, advertisements, and new program launches that will drive sales growth of executive education program globally.

Major players present in the executive education program market are Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, Baruch College, Wharton School of Business, UCLA Anderson School of Business, Kellogg School of Management , Stephen M. Ross School of Management , The University of Chicago Booth School of Business, The University of Texas at Austin, Cornell SC Johnson, Rotman School of Management, Ted Rogers, UBC Sauder School of Business, Durham University – Business School among others.

Executive Education Program Market by CategoryBy Program Type:

  • Customized Programs
  • Pre-designed Programs

By Leadership Level:

  • Business-Owners
  • Junior/ Entry-level Employees
  • Managers
  • Mid-level Employees
  • Senior Executives

By Type of Learner:

  • Group/ Small Team Learners
  • Individual/ Private Learners

By Mode of Learning:

  • In-Person Learning
  • Online Learning

By Duration:

  • Less than 1 Week
  • 1 Week to 1 Month
  • More than 1 Month

By Type of Courses:

  • Management & Leadership
  • Finance & Accounting
  • Strategic Leadership & Innovation
  • Marketing & Sales
  • Business Operations & Entrepreneurship
  • Others

By Industry Type:

  • Consumer Products & Retail
  • Energy & Transportation
  • Financial Services
  • Healthcare & Pharmaceuticals
  • Manufacturing & Industrials
  • Others
  • Professional Services
  • Technology & Communications

By Region:

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

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Global GLP-1 Receptor Agonist Market is set to witness steady growth through 2030

A recent market study published by Future Market Insights (FMI) on the GLP-1 Receptor Agonist Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The report consists of a comprehensive assessment of the most important market dynamics. On conducting thorough research on the historical as well as current growth parameters of the market, growth prospects of the market are obtained with utmost precision.

The report features unique and salient factors that may make a huge impact on the development of the GLP-1 Receptor Agonist Market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the market in the years to come. The report provides detailed information about the current and future growth prospects of the market in the most comprehensive way for better understanding of readers.

GLP-1 receptor agonist, also known as incretin mimetics, represents a class of medications used in the treatment of type 2 diabetes mellitus and obesity in adults. Drugs in the GLP-1 Receptor agonist include exenatide, lixisenatide, liraglutide, albiglutide, dulaglutide, and semaglutide. Extensive R&D is a key driver of the GLP-1 receptor agonist market. Several pharmaceutical and biotecnology development companies are engaged in R&D for the development of new formulations and molecules.

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Key Takeaways from the GLP-1 Receptor Agonist Market

  • Trulicity held the largest share in terms of revenue generation in 2019
  • Ozempic is expected to witness the highest growth rate between 2020 and 2030 owing to advantages like weight loss, reduction of cardiovascular risk, and controlled levels of haemoglobin
  • Asia Pacific is expected to be growing at the fastest pace due to onslaught of diabetes supporting intake of GLP-1 receptor agonists

Key Segment

Drug Class

  • Exenatide
  • Liraglutide
  • Dulaglutide
  • Lixisenatide
  • Others

Route of Administration

  • Parenteral
  • Oral

Distribution Channel

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres

Region

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

Key Players Operating in Global GLP-1 Receptor Agonist Market

However, some time back, Teva did confirm generic Victoza. It also stated that it had filed ANDA (abbreviated new drug application) with the US FDA, thereby asking for approval for marketing Novo Nordisk’s Victoza (Iiraglutide) injection in the US.

The global GLP-1 receptor agonist market is fragmented, with presence of a large number of small-scale and large-scale companies. Leading companies operating in the global GLP-1 receptor agonist market are: Eli Lilly and Company, Novo Nordisk, AstraZeneca, Intarcia Therapeutics, Sanofi, Jiangsu Hengrui Medicine Co., Hanmi Pharmaceutical, PegBio, Pfizer, Amgen, Innovent Biologics

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Want more insights?

GLP-1 Receptor Agonist market, a new study from Future Market Insights, states the indications of GLP-1 Receptor Agonist market from 2015 to 2019 and presents demand projections from 2020 from 2030 on the basis of drug class (Exenatide, Liraglutide, Dulaglutide, Lixisenatide, and Others), route of administration (parenteral, oral), distribution channel (Hospitals, Clinics, Ambulatory Surgical Centres) across seven prominent regions. In other words, a snapshot of every sub-section; that too, region-wise is presented in the report by FMI.