Market Research Blog – Page 15297 – New Product Development

External Fixators Market Is Estimated To Expand At A High CAGR Of 8.5% During The Report Period 2018–2028

The external fixators market is projected to continue its steady growth on account of the widespread prevalence of osteoporosis coupled with rising incidences of accidental fractures. The external fixators market is estimated to expand at a high CAGR of 8.5% during the report period (2018–2028), with market valuation surpassing the US$ 3 billion mark by 2028 end. According to the FMI external fixators market report, technologically and innovative advancements are anticipated to further firm-up the adoption of external fixators.

In recent years, orthopedic treatments have witnessed a paradigm shift from the conventional highly-invasive to minimally-invasive procedures as the latter promises early return-to-motion with negligible infection risks. The computer-aided external fixators have been built upon the strengths of conventional external fixators by boosting the device convenience and versatility in complex cases. The FMI report on external fixators market opines that computer-aided external fixators could witness increased adoption, expanding considerably in the forthcoming years.

“Alternative orthopedic disorders’ treatment options, including bone glue designed for joint replacement, could hinder global external fixators market growth considerably. Several external fixators’ manufacturers are prioritizing novel technologically-advanced product development, but stringent rules and regulations in tandem with the lengthy approval procedures are making market-penetration challenging for new devices. This is prompting patients to opt for external fixators’ alternative. Additionally, widespread prevalence of surgical-site infections in the case of orthopedic trauma operations over surgical specialties, is another vital factor ebbing progress of external fixators market,” says a lead analyst at Future Market Insights.

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Amid the numerous challenges in external fixators market, manufacturers are increasingly focusing on novel product launches, mergers, expansion, acquisitions, and deals, while also implementing forward growth strategies to proliferate the sales of their offerings in broader geographies. As per FMI external fixators market report, manufacturers are also prioritizing New Product Development (NPD) strategies to reinforce their footprint in Asia Pacific region, which is the hotbed of opportunities in external fixators market. External fixators’ manufacturers are leveraging 3D printing to build patient-focused devices with complex internal structures. Owing to 3D printings’ myriad benefits in the orthopedic industry, such an inclusion is expected to fuel sales of external fixators.

As per the FMI report on external fixators market, moguls in the external fixators market, including the leading four players Stryker Corporation, Smith & Nephew, DePuy Synthesis, and Zimmer, accumulatively hold nearly half the external fixators market share. The external fixators market represents a highly consolidated landscape, with most of the growth opportunities emerging in North America. However, the report comprehends that a fortified global external fixators market will result in high-priced devices.

Geographically, North America is projected to hold roughly 35% share of external fixators market, however, New Zealand and Australia are anticipated to present most lucrative growth opportunities in Asia Pacific market, followed by Latin America and Middle-East and Africa. The external fixators’ manufacturers are targeting emerging markets owing to increased procedural awareness, in tandem with sophisticated diagnostics capabilities in these regions, propelled by proliferating demand for affordable and quality healthcare.

Key players operating in external fixators market include:

Ortho-SUV Ltd.
ConMed
Zimmer Biomet Holdings Inc.
OsteoMed
DePuy Synthes (Johnson & Johnson Services Inc.)
Stryker Corporation
Medtronic Kanghui Orthopedics
Vilex
DJO Global Inc.
Response Ortho LLC
Wright Medical Group N.V.
Bioventus
Orthofix International N.V.
Acumed
Integra LifeSciences Corporation
Smith & Nephew plc.

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Key Segments

By Product Type

Manual Fixators
Computer Aided External Fixator

By Application

Orthopedic Deformities
Fracture Fixation
Infected Fracture or Non-Unions
Limb Correction
Others

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By End User

Hospitals
Ambulatory Surgical Centers
Orthopedic and Trauma Centers

By Country

U.S.
Canada

Magnetic Sensor Market : Notable Developments & Geographical Outlook 2022 to 2028

The global magnetic sensor market size is expected to grow from US$ 2,271.6 Mn in 2022 to US$ 3,053.5 Mn by 2028, at a CAGR of 5.1% during 2022-28.

The magnetic sensor market accounted for almost 10% market share of global IoT sensors market. The magnetic sensor market is anticipated to show significant growth in coming years, due to high demand of sensing applications across industries. This attributes to increasing adoption of Hall-effect magnetic sensor, Giant Magnetoresistance (GMR) sensors, 3D Magnetic Hall Effect Sensor, Anisotropic Magneto-Resistive (AMR) sensors, Tunnel Magneto Resistance (TMR) sensors technologies in major industries including automotive, consumer electronics, industrial and others.

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The global magnetic sensor market is categorized by technology, application, and region. By technology, the market is segmented as Hall effect, AMR (anisotropic magneto-resistive), GMR (giant magneto-resistance), and TMR (tunnel magneto-resistance). The Hall Effect sub-segment is expected to account for a relatively higher CAGR of 5.2% during the forecast period. The Hall Effect sub-segment also accounted for the largest market share of 45.4% in 2017. Moreover, technological advancements in vehicle technology, increasing electrifications, and the growing demand for smart products are some of the major factors which are fuelling the growth of the global magnetic sensor market.

On the basis of application, the global magnetic sensor market is segmented by industrial, automotive, consumer electronics, and others. The automotive sub-segment accounted for a relative higher CAGR of 5.3% because of an increase in the demand for connected vehicles and advanced driving assistance.

Key Segments Covered

By Technology

Hall Effect
AMR
GMR
TMR

By Application

Industrial
Automotive
Consumer Electronics
Others

Key Regions covered:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Benelux
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
SEA & Others of APAC
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
China
Japan
MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA

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Among the regions, North America accounted for the largest market share in 2018. The increasing number of vehicles and an increase in the production of automotive parts are important factors which are driving the growth of the magnetic sensor market in North America. The magnetic sensor market in SEA & Others of APAC is expected to account for a relatively higher CAGR of 5.9% during the forecast period. Also, the demand for magnetic sensors is increasing in the markets in Western Europe, China, and Japan.

The rapid growth in the demand for smart devices in emerging economies such as India, China, and Japan is attracting several magnetic sensor manufacturers. Smart device and consumer electronic device manufacturers can create abundant opportunities for the development of advanced magnetic sensors. Furthermore, with the growth of industrial automation systems, collaboration with electronic device manufacturers can generate potential opportunities for magnetic sensor manufacturers to provide magnetic sensors with advanced features which have high sensitivity and reliability.

Some of the popular vendors in the magnetic sensor market are Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors, STMicroelectronics, TE Connectivity, Analog Devices, Inc., Asahi Kasei Corporation, Honeywell International Inc., and Diodes Incorporated.

Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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OTT Content Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

The emergence of the live streaming trend and virtual reality technology is a great opportunity for major players to develop innovative offerings in the OTT content market. An increase in the adoption of high speed broadband, along with the increasing demand for smartphones and smart televisions is contributing to the growth of the OTT content market. Players in the market are continuously upgrading their product portfolios to meet the increasing demands in the competitive global OTT content market.

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The presence of multiple regional and global players has resulted in market fragmentation over the years, and vendors are focusing on differentiating their content and platform offerings to retain competitive edge. The impact of government regulations is moderate and the demand for regional content is comparatively high. New players are looking to partner with telecom providers and outsource OTT content while the main strategy of distributors is to source content from the different OTT players. As viewers demand the most trending content, distributors need to buy such content from content providers, which lets the content providers have an upper hand, hence limiting the bargaining power of distributors.

ott content market

According to a market research report published by Future Market Insights (FMI), the global OTT content market is expected to foresee a strong CAGR of 17.4% from 2018 to 2028. In 2017, the market was worth US$ 44,391.0 Mn and is projected to rise to a valuation of US$ 245,814.4 Mn by the end of 2028.

COVID-19 Impact on OTT Content Market

The COVID-19 pandemic has a beneficial impact on over the top streaming market growth because of ongoing rise in demand for OTT services.

The temporary closure of multiplexes, box offices, and entertainment zones boosted demand for OTT streaming platforms significantly. Many countries enacted lockdown laws to prevent the virus from spreading, forcing citizens to stay at home.

OTT services became a key source of entertainment as individuals were forced to stay at home. Consumers love that these streaming services can be accessed on their smartphones, tablets, laptops, and smart TVs.

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This demand was mostly due to the continued rise in online communications services as a result of the imposed lockdowns, since a growing number of viewers communicate through various online platforms.

Furthermore, as demand for new OTT content has increased dramatically, a growing number of OTT service providers are making some of the existing content available for free and launching new content on their platforms.

Proliferating Penetration of Mobile and Other Connected Devices to Push Market Revenue in the Coming Years

Smartphones and tablets have become the first go-to devices for communication and content consumption. Additionally, with the rapid adoption of 4G services in developing countries and the First World moving towards advanced telecommunications technologies, mobile Internet diffusion is anticipated to accelerate in the coming years. Optimal pricing of 4G enabled phones has led to increasing smartphone penetration in various regional consumer markets, leading to a surge in demand for OTT content.

At present, OTT content and related services are an attractive and feasible alternative to traditional entertainment channels. Growing preference for OTT content can be attributed to expanding content libraries and affordability relative to conventional TV subscriptions. For instance, subscription video on demand (SVOD) services led by Netflix, Amazon, and Hulu, are very popular among users owing to the affordable pricing structure.

Limited Offline Availability May Create a Roadblock to Market Growth

A disruption in the Internet connection when a user or subscriber avails VoD services generally results in the re-streaming of the video. This can lead to user dissatisfaction caused by the loss of time and data in consuming the content. The content not being available offline for download further creates a poor customer experience. These factors may lead to restrictive adoption of OTT content services.

Key Questions Answered in the Report

What is OTT market?
How big is the OTT streaming market?
What are OTT platform examples?
Which region will largely contribute to the growth of global OTT content revenue?
What are the main OTT business models?
What was the historical CAGR of the OTT content market?

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Functional Electrical stimulation Market :Technological Growth Map over Time

Functional Electrical Stimulation Market Overview

According to the recent research by Future Market Insights, the functional electrical stimulation market is set to witness 8.6% growth during the forecast period from 2021 to 2031. The rising incidences of injury to the central nervous system lead to enhance functional electrical stimulation market during the forecast period from 2021 to 2031. Therefore, there will be significant growth seen in the functional electrical stimulation market.

What is Driving the Demand for Functional Electrical stimulation?

The functional electrical stimulation market is driven by various factors such as rising musculoskeletal disorders, advancement in the technological field such as medical science, the rising importance of pain management therapies in different fields of medicines, and the increasing number of physiotherapists for the disorders of muscle stimulators helps decrease pain, decrease discomfort, restore muscle tone, and rehabilitate various parts of the body.

Also, the unhealthy diet and lack of physical activities and exercise tend to drive the demand for functional electrical stimulation soon.

Rising Prevalence of Musculoskeletal Disorders Likely to Propel the Growth of Functional electrical stimulation Market

The prevalence of musculoskeletal disorders is rising globally due to unhealthy diet and lack of physical activity which leads to obesity and musculoskeletal disorders.

According to WHO data of February 2021, a total of 1.71 billion people were suffering from musculoskeletal conditions worldwide. Among which low back pain causes the highest burden with a prevalence of 568 million people suffering from the condition globally.

Thus, the demand for functional electrical stimulation will increase significantly with the increasing prevalence of musculoskeletal disorders shortly.

U.S. and Canada Functional Electrical Stimulation Market Outlook

Obesity is related to nervous system disorders and can lead to the condition of stroke also where the blood stops flowing to the brain. In America, the prevalence of obesity is rising due to changing lifestyles such as having unhealthy diet choices and changing sleep schedules.

For instance, according to CDC, the prevalence of obesity increases from 30.5% to 42.4% from 2000 to 2018.

Therefore, the demand for functional electrical stimulation will increase during the forecast period from 2021 to 2031.

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Europe Demand Outlook for Functional Electrical Stimulation

The prevalence of the musculoskeletal disorder is high in the region that has a direct positive impact on the electrical stimulation market. For instance, Poland and Hungary are the two European countries with the highest prevalence of musculoskeletal disorder with 6,737 and 6,697 per 100,000 population respectively.

Thus, with the rising musculoskeletal disorder, the demand for functional electrical stimulation also rises in the region.

Who are the Key Manufacturers and Suppliers of Functional Electrical Stimulation?

The key players of functional electrical stimulation include HASOMED GmbH, Bioness Inc., Trulife, Otto Bock, Odstock Medical Limited, Hobbs Rehabilitation, MotoMed, and others.

The above companies follow certain strategies like merger & acquisition, getting FDA approval, and new product launches to be at the top position in the market. For instance, in May 2017, Ottobock collaborated with Bioness for the distribution of the new FES generation from Bioness.

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.

Integrated Functional Electrical Stimulation Market Report Highlights:

Detailed overview of the 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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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.

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MARKET ACCESS DMCC Initiative
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Cyber-Physical System Market 2022 Key Players, End User, Demand and Consumption by 2028

Future Market Insights (FMI) has published a new market research report on cyber-physical systems. The report has been titled “Cyber-Physical System Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” With the lowering prices of devices such as sensors, several medium and small scale manufacturers and plant owners are shifting their focus towards the deployment of cyber-physical systems in order to convert them into smart factories. These type of cyber-physical systems not only help in eliminating errors that occur due to human intervention but also decrease the overall operational and production costs of a plant. According to the report, the global cyber-physical system market is expected to witness a CAGR of 8.7% during the period 2018 – 2028. The market was worth US$ 55,075.3 Mn in 2017 and is likely to reach a valuation of US$ 137,566.0 Mn by the end of 2028.

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It is always wise to invest in the latest technology instead of being a laggard in terms of technology adoption. Both developed and developing countries are adopting smart technologies to enable a seamless work experience. With this, the demand for cyber-physical systems is also gaining traction across the globe, thereby compelling service providers and vendors to collaborate with solution providers and integrate various communication platforms in order to push the implementation of cyber-physical systems. The core strategies that several cyber-physical system providers are implementing are investment in research and development and partnerships with research organizations for product development. Some of the companies operating in the global cyber-physical system market are Dell EMC, Hewlett Packard Enterprises, IBM Corporation, VMware Inc., SAP SE, Schneider Electric, and Oracle.

cyber physical system market

Decreasing Prices of Networking and Sensors to Boost Adoption

The principal components of a cyber-physical system are storage units, sensors, computing unit, software, and actuators. The declining prices of sensors reduce the overall cost associated with the system, which makes it achievable for small- and medium-sized enterprises. This in turn drives the adoption and application of cyber-physical systems across various industries. Furthermore, the growing economy of several developing economies is benefiting the adoption of cyber-physical systems across the globe. The average household income of developing countries such as India, China, and Brazil among others is anticipated to increase significantly in the coming years. This will shoot up the demand and adoption of new technologically advanced systems such as IoT and CPS, as these nations have witnessed a transition in their spending behavior, and have shown positive adaptability towards such systems for an enhanced end user experience. The swelling economic growth of several developing countries is expected to drive the global cyber-physical system market.

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Data Breaches and Security Threats to Obstruct Market Growth

The core factor limiting the growth and adoption of cyber-physical systems is the dearth of security associated with these systems. As any type of system is linked with the cloud, it becomes susceptible to cyber-attacks and data breaches. Moreover, the change from a closed system to an open system has further made way for this risk. As the application of cyber-physical systems is in industries such as manufacturing, healthcare, and automotive, among others, it comprises valuable data and information that could lead to a catastrophe under a data attack. Consequently, with the threat of compromising critical data, many industries are hesitant in adopting cyber-physical systems. This can restrain market growth to a certain extent.

Cyber-Physical System Market Survey by Category

By Component:

Cyber-Physical System Hardware
Cyber-Physical System Software
Cyber-Physical System Services

By Vertical:

Aerospace and Defense
Automotive
Energy and Utility
Healthcare
Manufacturing
Consumer Electronics
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
China
Japan
Asia Pacific
Middle East & Africa

Key Questions Answered in the Report

How much is the global Cyber-Physical System Market valued at?
What is driving demand for Cyber-Physical System?
At what CAGR did demand for Cyber-Physical System increase over the past years?
What will be the demand outlook for Cyber-Physical System through 2028?
Which are the top 5 countries driving most of the demand for Cyber-Physical System?

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Interlaminar Device Market is set to witness a growth 5.4% during the year 2021-2031

Interlaminar Device Market Overview

According to the latest research by Future Market Insights, interlaminar device market is set to witness a growth 5.4% during the year 2021-2031. Interlaminar device normally relates to the disease defined by the compression of nerve roots and shrinking of the spinal canal due to many pathologic causes, further leads to symptoms such as pain with a tingling feeling, numbness, and weakness. Spinal stenosis can include the cervical, lumbar, or thoracic (rarely) spine.

What is Driving Demand for Interlaminar Device?

The growth for interlaminar device is driven by various factors including advancements in spine surgery technologies, increasing incidence of spinal disorders, the launch of advanced bone grafting products, and the increasing adoption of minimally invasive spine surgeries.

Furthermore, key players across the globe focus on advancements in terms of technology to improve the interlaminar device efficacy and expanding their application in the market and assist with inventive growth opportunities. Furthermore, introducing unique product in the market allows businesses to acquire a competitive edge and increase product adoption.

Which factors are likely to Augment Growth of Interlaminar Device Market?

The growth of interlaminar device is likely to be boosted by technological factors which benefits include a shorter hospital stay and recovery time, faster and longer-lasting relief from discomfort, better treatment adaptability, and adjacent layers are naturally moving.

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For instance, in May 2018 Paradigm Spine disposable instrument kit coflex® Interlaminar stabilization gets FDA pre-market approval. Coflex® interlaminar stabilization is an exclusive posterior lumbar motion preservation solution which offers long-term outcomes for patients with moderate to severe spinal stenosis.

U.S. and Canada Interlaminar Device Market Outlook

The region of North America accounts for highest market share in the current scenario for interlaminar device. The increasing adoption and penetration of interlaminar device into US and Canada market is mainly due to a rise in the number patients with spinal cord injury, better healthcare facilities, and organizations like the North American Spine Foundation all working to raise awareness and educate healthcare providers and public about different medical condition.

As per data published by National Spinal Cord Injury Statistical Center, in 2017, approximately 285,000 people in the U.S. are estimated to be suffering from spinal cord injuries.

Europe Demand Outlook for Interlaminar Device

The European region is set to witness a dominant demand for interlaminar device due to the improving healthcare infrastructure, rising awareness, improving reimbursement scenario, and the growing insurance coverage are the major key factor to boost the growth in European region.

Some other factors are rising treatment rates for degenerative spine diseases, rising geriatric population, medical technological advances, and a growth in the demand for minimally invasive treatments are all contributing factors to this trend in Europe.

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Who are the Key Manufacturers and Suppliers of Interlaminar Device?

The key companies operating in manufacturing and supply of interlaminar device market include

NuVasive
Life Spine
Lanx acquired by BioMet
X-Spine
Pioneer Surgical
Alphatec
Paradigm Spine
Spine Frontier
Amedica Corp.
Bioventus
Camber Spine Technologies
DePuy Synthes
Implanet
Mazor Robotics
Meditech Spine.

The key players adopt growth strategies for product portfolio expansion by designing novel interlaminar device. The companies also have extensive distribution systems for effective sales revenue generation.

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Interlaminar Device Market Report Highlights:

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

Online Payment Gateway Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2028

Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028).” According to the report, the global online payment gateway market is expected to witness a CAGR of 10.3% from 2018 to 2028. The market is expected to reach a valuation of US$ 191.7 Bn by the end of the forecast period rising from a valuation of US$ 65.5 Bn in 2017.

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The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market.

online payment gateway market

Websites have always been a good source for channel merchants for generating revenue. Concentrating on the current scenario, the share for mobile usage has been growing significantly. The traditional ways of accepting payments has been declined as compared to advanced payment methods.

Different mode of transactions are used for payment gateways such as real-time bank transfers, direct debits, and others. Transactions that include payment gateways are prepaid cards, debit cards, credit cards, and charge cards.

The most widely used forms are credit cards and debit cards. Credit cardholders draw on a credit limit permitted by the card issuer such as a bank, store, or service provider.

Credit card balances are usually rolling, whereby, part of the balance needs to be paid on a 30-day basis, until the full balance is paid. Whereas, debit cards are bank cards used in cash transactions, which are not credit cards.

In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder’s account. If the available funds are insufficient, the transaction is not completed. This is also called asset card (in the US), or payment card.

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Companies operating in the market are also eyeing on the opportunities available in the global market. Some of the leading companies operating in this market are PayPal Holdings, Inc., Amazon.com Inc., Avenues India Pvt. Ltd., Stripe, and CCBill.

Growing Third Party Payments to Augur Well for Global Market Growth

Emerging markets are the home for 85% of the global population, and about 90% of people under 30 years of age reside within these emerging markets. These markets are presently discovering themselves at a ‘sweet spot‘, where the population is favouring the growth of online transactions, which are in turn curtailing the black economy and stimulating economic growth. By opening up the banking market to non-bank players, regulators are side-stepping the requirement for banking institutions to being able to provide a full spectrum of financial services. This has brought about the ‘FinTech Revolution’. This has been a driver for the online payment gateway market, as regulators are allowing third parties to control payment processing.

NFC Payments to Obstruct Market Revenue Growth

Eyeing the current market scenario, payment gateways are booming all over the world, but there are new innovations to come. One such innovation that is predicted to come soon and is being worked upon is the payment through NFC technology, which could be the substituting point for the payment gateway market.

Key Segments Covered in Online Payment Gateway Industry Survey

Online Payment Gateway by Application

Online Payment Gateway for Large Enterprises
Online Payment Gateway for Small and Medium Enterprises

Online Payment Gateway by Mode of Interaction

Hosted Payment Gateway
Pro / Self-hosted Payment Gateway
API / Non-hosted Payment Gateway
Local Bank Integration
Direct Payment Gateway
Platform-based Payment Gateway

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Online Payment Gateway Market by Region

North America Online Payment Gateway Market
Latin America Online Payment Gateway Market
Europe Online Payment Gateway Market
East Asia Online Payment Gateway Market
South Asia & Pacific Online Payment Gateway Market
Middle East & Africa (MEA) Online Payment Gateway Market

Key Questions Answered in the Report

What valuation will the online payment gateway market enjoy in 2022?
At what CAGR did online payment gateway consumption increase from 2013 to 2021?
What is the predicted market worth through 2028, as per online payment gateway market research report?
Which mode of transaction is expected to hold the highest share for online payment gateways?
How is the market expected to evolve over the forecast period?

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Peanut Butter Market Overview on – Consumer Demand, Market Restraint, Region-wise Analysis & Competitive Landscape 2022-2030

Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more.

Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Aside the energy derived from the consumption, peanut butter is also a good source of protein, fiber, unsaturated fat and minerals such as magnesium, zinc, potassium, and vitamin E.

With these nutritional value obtained from the consumption of peanut butter, the global market is slated to witness robust growth over the forecast period. Moreover, the growing population size of consumers with weight diseases and increasing disposable income of consumers in developed and developing countries are major factors expected to promote the growth of the global peanut butter during the forecast period and aftermath.

In addition, the surge in demand for convenience food and ready-to-eat meals is a strong force fueling the industry’s growth globally.

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Peanut Butter Market Driven by Consumers’ Growing Demand for Nutritional Products

Peanut butter is a high-quality food product with several nutritional benefits associated with its consumption. It is a good source of protein, fat, fiber, mineral, and vitamins.

The vitamin E content in peanut butter is essential for the correction of vision and muscles’ orientation. It also serves as an antioxidant, giving it the ability to fight against diseases like cancer, joint inflammation, and many other diseases. Consumers are spending on healthy products with similar nutritional values, and this is expected to facilitate the growth of the global peanut butter market over the forecast period.

Changing Lifestyle

Consumers worldwide are now involved in strenuous activities, which often leads to the loss of energy. The need for energy giving food products like peanut butter is essential to help regain the lost energy.

When individuals are stressed up after a hectic and busy day, they are eager to consume foods like convenience meals that can be prepared within a short period. Hence, this is expected to create a surge in demand for peanut butter in the global market.

Peanut Butter Market Restraint

The primary factor slated to hamper the growth of the global peanut butter market is the rise in the product price in the global market. There is competition among key players in the industry on the prices of products, which will affect the market’s growth over the forecast per

Peanut Butter Market: Region-wise Analysis

North America is slated to be in dominance over the forecast period in terms of market revenue, with the United States acting as the growth driver within the region.

The United States will have the highest contribution of the total market revenue due to the rise in consumers’ disposable income and the surge in demand for nutritional products.

However, the Asia Pacific region is slated to be the fastest-growing market for the global peanut butter market within emerging economy nations like China and India, acting as drivers within the region.

With the rise in per capita consumption of peanut butter among individuals in the Asia Pacific, the peanut butter market is expected to register significant growth during the forecast period and aftermath.

Peanut Butter Market: Competitive Landscape

Procter & Gamble
Unilever
The J.M. Smucker Company
Hormel Foods Corporation
Boulder Brands Inc.
Kraft Canada Inc.
Algood Food Company Inc.

Region-wise Analysis

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)

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Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

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

Global Peanut Butter Market Segment Analysis

The global peanut butter market can be segmented on the following basis

By Type

Smooth Peanut Butter
Crunchy Peanut Butter
Other

By Distribution Channel

Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Others

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Quadriplegia Treatment Market is expected to grow at a CAGR of 4.1% during the forecast period

Quadriplegia Treatment Market Overview

According to the latest research by Future Market Insights, quadriplegia treatment market is expected to grow at a CAGR of 4.1% during the forecast period. The demand for quadriplegia treatment will progressively rise, which will provide manufacturers with numerous favorable development opportunities in the near future.

What are the key Drivers of Quadriplegia Treatment Market?

Quadriplegia is caused by spinal cord injury which is caused due to trauma at the base of the neck or skull. Some of the common causes of quadriplegia, otherwise known as tetraplegia are paralysis after any accident, tumors of the spinal cord or other spinal cord diseases. The injury to the spinal cord may cause partial or total limb paralysis.

According to 2020 data sheet of Spinal Cord Injury Statistics, it was estimated that approximately 17,810 new cases of spinal cord injuries occur every year in the U.S. Some of the reasons for quadriplegia include stroke, vehicular accidents, falls, violence, sports, medical or surgical causes and others.

According to WHO statistics, published in June 2021, 20-50 million people suffer from road traffic accidents every year which lead to non-fatal injuries yet permanent disabilities to them. With the increasing rate of road traffic accidents, the demand for quadriplegia treatment is set to show a positive growth over the forecast period.

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Recent technological advancements and various R&D activities in the field of quadriplegia treatment are one of the leading causes which will boost the demand for this market in forthcoming years. There is an increased level of awareness amongst the patients suffering from spinal cord injuries about various treatment options available to improve their quality of life. This is another factor which will propel the demand for various treatments for quadriplegia during the forecast market.

Electrical Stimulation: Revolutionary Technique that Got Quadriplegic People Back on their Feet.

Electrical stimulators which were originally designed to treat chronic pain helped more than a dozen patients with quadriplegia to wiggle their toes, flex their legs or even walk with support.

This was a revolutionary technique which was conducted in the lab of University of Louisville in Kentucky. Electrical stimulation thus made promising and huge gains for people with paralysis wanting to regain their functionalities. The study was published in July 2019, after which thousands of patients have enrolled in the wait lists for the electrical stimulation technique.

U.S. and Canada Quadriplegia Treatment: Regional Outlook

U.S. and Canada region was found to be the largest market for the diagnosis and treatment of spinal cord injury (SCI). Increasing awareness and advanced technologies are the main drivers of this market. Most of the accidents found that alcohol was one of the most important factors; that is, approximately 25% of spinal cord injuries.

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In the United States, the average annual medical cost for treating an acute spinal cord injury has been found to be in the range of $ 15,000 to $ 30,000 per year. All these factors are expected to drive the market growth of quadriplegia treatment market and offer lucrative opportunities for the providers.

Europe Quadriplegia Treatment: Regional Outlook

Europe was observed to be the second largest market, region wise for the quadriplegia treatment industry. Some of the factors contributing to this large market share are the presence of leading research institutes in the region for various neurological disease diagnosis and treatment. Increased awareness regarding various new technologies which help the quadriplegic patients lead a relatively normal life is also another key driver for this industry in Europe.

Who are the key player of Quadriplegia Treatment Market?

Major manufacturers of medications needed to treat quadriplegia are

Merck & Co.
Sanofi Pharmaceuticals
Baxter International
Zydus Cadila
GlaxoSmithKline
AstraZeneca
Cipla
Johnson & Johnson
Bristol Myers Squibb Co.
Eli Lily & Co.
Teva Pharmaceuticals
Takeda Pharmaceutical Co Ltd
Hoffmann La Roche
Sun Pharmaceuticals.

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In November 2020, Pfizer and Mylan announced the merger of Pfizer’s Upjohn generics unit and Mylan. This deal was a part of restructuring drive at Pfizer, which was aimed for stronger foothold in the innovative medicines division of the company.

Quadriplegia Treatment Market Report Highlights:

Shifting Industry dynamics.
In-depth market segmentation.
Historical, current and projected industry size recent industry trends.
Key Competition landscape.
Strategies for key players and product offerings.
Potential and niche segments/regions exhibiting promising growth.
A neutral perspective towards market performance.

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Document Management Software Market Research Report 2022 – Global Forecast till 2028

Future Market Insights has analysed various facets of the global market for document management software in a new research publication titled “Document Management Software Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The raw data obtained from secondary research has been filtered, well-furnished and arranged in a systematic format with the assistance of which key insights have been derived. The market is thoroughly analysed to gain intelligence on the various market trends changing the course of the market, the drivers that push the growth of the market, the opportunities that shape the future of the document management software market and the restraints that hinder the growth process of the global market. These various aspects have been analysed across key regions in the globe including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China and Middle East and Africa (MEA) to gauge the intensities of these facets and their impact on the overall market expansion. Based on historical data and current scenario, future insights on the market based on value projections for a period of ten years have been included in this research report across each segment of the global document management software market.

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Future Market Insights Observes– the growth of the global document management software market is triggered by increasing demand for the software as it reduces the time needed for file location and retrieval. Moreover, it also covers additional functionalities such as storage, editing and making corrections, efficient consolidation of information, eliminates misfiling and enhances overall productivity and efficiency. The global market for document management software is projected to expand at a value CAGR of 12.3% during the period of assessment 2018-2028 and is estimated to reach a valuation of more than US$ 11 Bn by 2028 end.

Growing Demand for Automated Workflow to Facilitate Market Expansion

Automation has facilitated reduction in errors, improvement in quality and reduction in time in various processes. Document management software with automated workflow offers efficient operational workflow. Moreover, it reduces costly paper handling with smart routing of documents and saves time and money by reducing the need of photocopying, hand delivery and repetitive dropping. It also enables automated distribution, printing and overall document control. By centralizing documents and using automated workflow technology, it can timely route documents to stakeholders. The migration to automated workflow from manual workflow is pushing the demand of document management software.

Disaster Recovery and Better Backup to Spur Demand for Document Management Software

Document management solution includes disaster recovery and data backup plan. With digital archiving, paper documents are protected from various types of disasters. In addition, with this software, documents are easily traceable and can be conveniently tracked within different ranges of criteria. Moreover, since the documents are stored centrally, they do not get misplaced after viewing. They can be digitalised as well as archived during their entry point into the system.

Segmental Snapshot of the Global Document Management Software Market

By component, the software segment is expected to grow at a higher rate and is expected to lead the global document management software market in the coming years. With respect to services, professional services are gaining high traction.

With respect to deployment, cloud is gaining high steam owing to ease of access and convenience at any point in time. Cloud based deployment is expected to showcase revenue sales of over US$ 6 Bn by end of the assessment period.

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Healthcare and BFSI sectors are showcasing high demand for document management software. Owing to high and ever increasing volume of documents, the need for subtle document management systems has risen. This has accelerated the use of document management software in these sectors. Healthcare, however, tops the table with respect to higher adoption and valuation, comparatively.

North America is the largest region, followed by Europe. The market valuation in these regions is expected to go above or near US$ 3 Bn by 2028 end. China also has shown increased inclination towards use of document software. Document software market in China is projected to expand at a significant rate in the coming years.

Competition Tracking

The key players profiled in the report are Toshiba Corporation, IBM Corporation, OpenText Corp., Asite, Ideagen, Alfresco Software, MasterControl, Computhink, eFileCabinet, OfficeGemini, Adobe Systems Incorporated, SmartFile, Lucion Technologies, Intranet Connections, FOLDERIT and LogicalDOC.

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