Market Research Blog – Page 1575 – New Product Development

Syringes and Needles Market in GCC Projected to Reach USD 1,164.90 Million by 2034 at a 5.40% of CAGR

The sales of syringes and needles in GCC region are projected to experience steady growth, with a forecasted Compound Annual Growth Rate (CAGR) of 5.40% through 2034. The demand outlook for syringes and needles in the GCC indicates that the market will surpass USD 688.5 million in 2024. By 2034, sales projections suggest that the market will attain a valuation of USD 1,164.90 million.

The anticipated growth in the syringes and needles market is driven by increasing healthcare needs, advancements in medical technology, and rising investments in the healthcare infrastructure within the GCC region. The growing prevalence of chronic diseases and the expansion of healthcare services are also contributing significantly to the demand for syringes and needles.

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In the Kingdom of Saudi Arabia, the prevalence of diabetes was approximately 31.6% in 2017, according to a Saudi Medical Journal study. Additionally, the rising incidence of non-communicable diseases, cancer, cardiovascular disease, and other chronic illnesses that need long-term care in addition to diabetes is a major factor driving up demand for disposable syringes and needles in these nations and is expected to have a positive effect on market growth during the forecast period.

His Excellency Mohammed Al Hamed, the Chairman of the Department of Health, paid a visit to the Abu Dhabi Medical Devices company’s headquarters factory in February 2021 to supervise the measures taken to combat the COVID-19 pandemic. The company has collaborated with several international organizations, including UNICEF and COVAX, to supply syringes and needles for the global vaccination program.

Key Takeaways:

Steady Growth Trajectory: The GCC syringes and needles market is on a steady growth trajectory, driven by increasing healthcare needs and advancements in medical technology.
Rising Demand: The demand for syringes and needles in the GCC region is fueled by factors such as population growth, expanding healthcare infrastructure, and a growing focus on preventive healthcare measures.
Government Initiatives: Government initiatives aimed at improving healthcare accessibility and quality play a crucial role in driving market growth, fostering a conducive environment for healthcare infrastructure development.
Technological Advancements: Technological advancements in syringe and needle design, such as safety features and enhanced usability, contribute to market expansion by addressing concerns related to infection control and patient safety.
Investments in Healthcare: Increasing investments in healthcare infrastructure and medical facilities across the GCC countries further stimulate demand for syringes and needles, supporting the market’s growth trajectory.

“In order to cater to surging demand, market players are eyeing for strategic collaborations. Besides this, they are investing in research and development initiatives to strengthen their product portfolio. This is expected to help in the growth of the market over the coming years,” said a lead FMI analyst.

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GCC Syringes and Needles Market – Competitive Landscape:

Companies operating in the GCC syringes and needles market are actively seeking to strengthen their position through product approval, collaborations, merge & acquisition, and partnerships, agreements with established as well as emerging market players. Besides this, some are focusing on product launches. For instance:

In December 2020, B. Braun Melsungen AG launched the COVID-19 vaccination sets for a contract with the Federal Office of Public Health and Federal Department of Defense, Civil Protection and Sport as a part of their efforts to contribute to the vaccination drive in Switzerland.

In March 2021, Terumo Corporation began production of syringes which can yield up to 7 shots per vial of COVID-19 vaccine. This syringe was launched in accordance with the vaccine doses of Pfizer.

Key Companies Profiled:

Becton, Dickinson and Company
Nipro Corporation
Baxter International Inc.
B. Braun Melsungen AG
Terumo Corporation
Medtronic PLC
Smiths Group PLC
Abu Dhabi Medical Devices Company
SAAPP (FZC) LLC.
IBN Sina Medical Factory

Key Segmentation:

Product:

Oral
Hypodermic
- Standard
- Special Purpose
  - Insulin
  - Tuberculin
  - Other Special Purpose
  - Angiographic

Usability:

Disposable
Reusable

Material:

Glass
Polymer

End User:

Hospital
Blood Collection Center
Diabetic Care Center
Veterinary Care Center
Others

Countries:

Kingdom of Saudi Arabia (KSA)
United Arab Emirates (UAE)
Qatar
Bahrain
Oman
Kuwait

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis Affirms Global Gas Commercial Deep Fryers Market Size Forecasted to Cross USD 1,301.4 Million by 2033, Driving 6.6% CAGR Growth

The global gas commercial deep fryers market is expected to be valued at USD 686.8 million in 2023. With the continual economic growth rise in the disposable incomes of people, the gas commercial deep fryers market is projected to grow at a CAGR of 6.6% between 2023 and 2033, totaling around USD 1,301.4 million by 2033.

Moreover, technological advancements have revolutionized the landscape of gas commercial deep fryers, making them more efficient and user-friendly. Modern deep fryers are equipped with cutting-edge features such as automated controls and temperature sensors, enhancing the cooking process, reducing cooking time, and ensuring consistent food quality. These advancements are expected to further stimulate demand for gas commercial deep fryers as foodservice establishments seek to optimize their operations.

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Another key growth driver is the burgeoning popularity of food trucks, particularly in urban areas. Food trucks offer convenient and often innovative food options to consumers on the go, many of which include fried food items. As the food truck industry continues to expand, there is a corresponding increase in the demand for portable and versatile gas commercial deep fryers that can cater to the unique needs of mobile food vendors.

Growth Factors

The surge in online food ordering has become a defining trend in the foodservice industry, driving notable changes in consumer behavior and preferences. This shift towards digital ordering platforms has significant implications for the demand for gas commercial deep fryers.

With the convenience of online ordering platforms, consumers have access to a diverse array of food options at their fingertips. This has fueled a growing appetite for fried food items, as they remain perennial favorites among diners. Restaurants, fast-food chains, and other food outlets are thus witnessing an uptick in the demand for these delectable treats, necessitating the use of gas commercial deep fryers to meet customer expectations.

Furthermore, the burgeoning popularity of street food and food trucks, often synonymous with indulgent and savory offerings, has further amplified the demand for portable gas commercial deep fryers. These mobile food vendors rely on compact and efficient fryers to deliver crispy delights on-the-go, catering to the preferences of consumers seeking quick and satisfying meals.

As competition intensifies in the online food ordering landscape, food establishments are compelled to differentiate themselves by offering unique and appetizing menu items. Fried food items emerge as a compelling choice to captivate customers and stand out amidst the digital crowd. Consequently, the surge in online food ordering is anticipated to drive an increase in demand for gas commercial deep fryers, as businesses strive to expand their culinary repertoire and meet the evolving demands of a digitally-driven consumer base.

Key Players:

Avantco Equipments
Carnival King
Cooking Performance Group
Main Street Equipment
Frymaster
Garland
Globe Food Equipment
Henny Penny
Imperial Range
Pitco
Vulcan
Falcon Foodservice Equipment
Middleby Corporation
Ali Group

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Market Segmentation:

By Type:

Gas Floor Fryers
Donut Fryers
Pressure Fryers
Split Pot Gas Deep Fryers
Countertop Fryers
Funnel Cake Fryers

By Power Source:

Natural Gas
Liquid Propane

By Burner Style:

Open Pot
Tube

By Capacity:

Up to 100 lbs
100 to 200 lbs
Above 200 lbs

By Region:

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

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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Heat Moisture Exchanger Market is anticipated to expand at a 4% CAGR and reach USD 398.4 Million by 2032 | FMI Study

The global Heat Moisture Exchanger Market is experiencing a surge, driven by increasing demand across various healthcare sectors. A recent report by Future Market Insights (FMI) forecasts a promising Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2032. This growth trajectory is expected to propel the market from a valuation of USD 269.2 million in 2022 to a substantial USD 398.4 million by 2032.

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Heat Moisture Exchangers are designed to provide effective heat and moisture recovery. These Heat Moisture Exchangers are designed to provide minimal resistance to moving air while producing high moisture to compensate for heat and moisture loss in individuals suffering from breathing and other respiratory issues.

To provide a leak-free seal, all Heat Moisture Exchangers have standard tapered ends. The provision of warm and humid gas through Heat Moisture Exchangers for patients in intensive care units has been recognized as vital, and device makers have implemented numerous approaches to ensure this capability.

Global Heat Moisture Exchanger Industry Dynamics

Heat Moisture Exchangers are generally meant to promote more secure airway respiration in patients who require mechanical breathing or are at risk of aspiration. The introduction of a lightweight, disposable Heat Moisture Exchanger that effectively conserves moisture has improved patient care.

Nowadays, combined Heat Moisture Exchangers and filters are used, which appear to have fulfilled significant duties that would otherwise be lost to the patient with an intubated trachea.

Geriatric population care, respiratory disorders, severe injuries, and therapy have all expanded significantly over the years, resulting in increased need for Heat Moisture Exchangers. Furthermore, an increase in the implementation of preventive therapy programmes is expected to fuel the growth of the Heat Moisture Exchanger market.

On the other hand, rigorous regulation policies in certain countries regarding Heat Moisture Exchanger price, safety, and efficacy are expected to stifle market growth. The use of alternative devices to Heat Moisture Exchangers, such as heated humidifiers, may potentially have an impact on market growth.

Many studies have found that using heated humidifiers to promote airway hydration may reduce the incidence of bacterial infection, however Heat Moisture Exchanger humidifiers may cause airway blockage. The use of such alternative devices has the potential to drastically modify the Heat Moisture Exchanger market. Ongoing Heat Moisture Exchanger R&D initiatives are expected to create new prospects for growth in the Global Heat Moisture Exchanger Industry.

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Heat Moisture Exchanger Market: Overview

Ongoing research and development operations for respiratory and tracheal devices are expected to create new prospects for the Heat Moisture Exchanger industry. The Heat Moisture Exchanger market expansion in the competitive landscape includes both global and regional manufacturers, making the market extremely competitive.

To maintain their market leadership, Heat Moisture Exchanger manufacturers have implemented innovative strategies for extending their product portfolio and market reach. They are attempting to produce revolutionary Heat Moisture Exchanger goods by aggressively investing in R&D and extending their product footprint in developing countries.

Furthermore, numerous significant Heat Moisture Exchanger manufacturers are making large investments to purchase or integrate small and local enterprises.

Heat Moisture Exchanger Industry: Region-wise Outlook

According to the National Centre for Health Statistics, over millions of surgical procedures on admitted inpatients are conducted globally each year, with more than half of them utilising a Heat Moisture Exchanger during intraoperative and postoperative respiratory support.

According to geography. North America is expected to be the market leader in the worldwide Heat Moisture Exchanger industry. The region’s market will be driven by an increase in the geriatric population necessitating surgical treatments via manner of airway ventilation via Heat Moisture Exchanger.

Europe is predicted to be the next dominant area in the worldwide Heat Moisture Exchanger market, followed by Asia Pacific. Russia is expected to dominate the Heat Moisture Exchanger industry. According to a 2016 Health Ministry report, there has been a substantial increase in the incidence rate of respiratory disease in Russian adults.

During the forecast period, Asia Pacific countries such as China and India are expected to develop at an exponential rate for the Heat Moisture Exchanger.

Heat Moisture Exchanger Market: Key Players

Some of the key players present in the Global Heat Moisture Exchanger Industry include Biopsybell, King Systems, Vadi Medical, Toshiba Air Conditioning, Galemed, Draeger, Pharma Systems AB, Smiths Medical, Sarnova, Intersurgical, Medtronic Teleflex, and others.

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Key Segments Profiled in the Heat Moisture Exchanger Market Survey

By Device Type:

Disposable Heat Moisture Exchanger
Reusable Heat Moisture Exchanger

By Application:

Respiratory Care
Geriatric Care
Neonatal Care

By End Use:

Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Food Holding and Warming Equipment Market Revenue Projected to Exceed USD 6.7 Billion by 2033, Driven by 3.2% CAGR Growth

The food holding and warming equipment market is forecast to reach USD 4.9 Billion by the year 2023, with a projected CAGR of 3.2% between 2023 and 2033. This growth is primarily driven by the increasing emphasis on food quality and safety, which creates a favorable environment for the food holding and warming equipment market. The market is expected to continue growing, reaching around USD 6.7 Billion by 2033.

A major factor contributing to the growth of the food holding and warming equipment market is the increasing number of foodservice providers, such as food trucks and pop-up restaurants, which is expected to boost the demand for portable and compact food holding and warming equipment.

Customers are increasingly looking for customizable food holding and warming equipment that can cater to their specific needs. Manufacturers are responding to this demand by offering a wide range of products with customizable features, such as temperature control, size, and capacity.

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The increasing focus on energy efficiency and sustainability is another key factor driving the growth of the food holding and warming equipment market. Manufacturers are introducing products that are designed to reduce energy consumption and minimize environmental impact, which appeals to customers who prioritize sustainability, and has led to a rise in the adoption of energy-efficient food holding and warming equipment.

The integration of advanced technologies like IoT-enabled sensors and cloud-based monitoring systems is also expected to revolutionize the food holding and warming equipment market. The technologies enable better temperature control, food safety monitoring, and real-time data analysis, which helps to improve operational efficiency and reduce food waste. The technologies also provide valuable insights to foodservice providers, helping them optimize their operations and improve customer satisfaction.

Smart food holding and warming equipment with features such as Wi-Fi connectivity and remote monitoring capabilities are gaining popularity among foodservice providers. The features enable businesses to monitor their equipment and food in real-time, making it easier to maintain food safety and quality.

Key Takeaways:

Global food holding and warming equipment market was valued at USD 4.7 Billion by 2022 end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.1%.
North America is expected to hold a dominant CAGR of 3.1% during the forecast period.
By Category, the heated display cases segment is expected to constitute a CAGR of 3.1% in 2033.
On the basis of Application, the restaurants segment is expected to dominate the market with a CAGR of 3.0% in 2033.

Competitive Landscape:

Prominent players in the food holding and warming equipment market are Admiral Craft, Cambro Manufacturing, The Middleby Corporation, Hatco, Cres Cor, Raulsen, True Manufacturing, Turbo Air, Vollrath, Welbilt Inc., Vulcan, Winco, Alto-Shaam, Avantco Equipment, among others.

Recent Developments:

In 2021, The Vollrath Company introduced a new line of sous vide immersion circulators, which are designed to precisely cook and hold food at a specific temperature.
In 2021, Welbilt Inc. launched a new line of heated holding cabinets called the Garland HGD Series, which are designed for high-volume kitchens and can hold a variety of food items at different temperatures.
In 2020, Hatco Corporation launched a new line of food holding cabinets called Intelligent Heated Display Cabinets, which are designed to maintain food temperature, quality, and presentation.
In 2020, Alto-Shaam introduced new combi oven models featuring Halo Heat technology, which uses low-temperature radiant heat to gently cook and hold food.

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Key Segments Covered:

By Category:

Heated Display Case
Food Pan Warmer/Rethermalizer
Heat Lamp/Cabinet
Heated Holding Proofing Cabinet
Heated Shelf Food Warmer
Warming Drawer

By Installation Type:

Undercounter
Counter-Top

By Material Type:

Acrylic
Aluminium
Stainless Steel

By Display Rack Type:

Rotating Racks
Shelves

By Application:

Hotels
Restaurants
Cafes
Bakeries
Food Courts
Others

Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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Surface Protection Film Market to Hit US$ 2.3 Billion by 2034, Driven by Technological Advancements and Urbanization

The global surface protection film market is set to experience substantial growth, anticipated to increase from US$ 1.5 billion in 2024 to US$ 2.3 billion by 2034, at a steady CAGR of 4.6%. This growth is driven by advancements in technology, increasing demand from sectors such as construction, automotive, and electronics, and a rising focus on sustainable and eco-friendly packaging solutions.

The future demand for surface protection films is poised for substantial growth, driven by an increasing emphasis on preserving the integrity and aesthetic appeal of surfaces across various industries. As advancements in technology enable the production of more durable and versatile films, businesses and consumers alike are recognizing the value of safeguarding investments against scratches, UV radiation, and wear-and-tear.

This burgeoning market is set to expand further as sectors such as automotive, electronics, construction, and healthcare prioritize the longevity and performance of their assets. Embracing these innovative solutions not only enhances product lifespan but also elevates brand reputation through superior protection and customer satisfaction. As such, the surface protection film market stands at the forefront of delivering essential solutions in an evolving global landscape.

Core Concepts in the Surface Protection Film Industry

Market Valuation in 2024: US$ 1.5 billion
Significant Market Share Segment: The adhesion lamination segment is estimated to hold a 71.6% market share in 2024.
Growth Outlook by 2034: The market is anticipated to surpass US$ 2.3 billion by 2034.
Sales Outlook (2024 to 2034): The surface protection film industry is expected to grow at a CAGR of 4.6% from 2024 to 2034.

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Market Dynamics

Sectoral Demand: The market for surface protection films is expanding rapidly across sectors like consumer electronics and automotive industries. These films are crucial for safeguarding surfaces from scratches, abrasions, and environmental damage, thereby extending the lifespan of products and enhancing their aesthetic appeal.
Technological Advancements: Incorporation of intelligent technologies in surface protection films, including self-healing capabilities and real-time monitoring, is catering to evolving industry needs for advanced protection solutions. This innovation is particularly significant in sectors requiring high-performance protective measures.
Impact of E-commerce: The surge in e-commerce activities is bolstering demand for protective packaging solutions that ensure product integrity during transit. Surface protection films play a pivotal role in safeguarding goods from manufacturing to delivery, thus supporting the e-commerce sector’s growth.

Key Trends

Clear Surface Protection Films: There is a growing preference for clear surface protection films, driven by the need to preserve surfaces’ aesthetics while providing durable protection against UV radiation, moisture, dust, and pollutants. This trend is prominent in automotive, electronics, and architectural applications.
Advanced Adhesives: Pressure-sensitive adhesives (PSAs) and removable adhesives are revolutionizing the market by offering ease of application and residue-free removal. These adhesives enhance installation efficiency and minimize downtime across various industries.
Sustainability Initiatives: Manufacturers are increasingly focusing on eco-friendly materials such as biodegradable and recyclable options for surface protection films. This shift aligns with global sustainability goals and regulatory requirements, appealing to environmentally conscious consumers and businesses.

The surface protection film market is poised for substantial growth as industries prioritize surface protection and sustainability. Market players are encouraged to innovate with advanced adhesive technologies and sustainable materials to meet evolving customer needs.

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Key Takeaways from Surface Protection Films Market Study

Glass & mirrors remain key application areas of surface protection films, followed closely by furniture surfaces. These two collectively accounted for nearly 45% revenue share in 2021, primarily attributable to growth of the construction industry.
Polyethylene (PE) remains highly preferred for manufacturing surface protection films, owing to its low cost and exceptional tear-resistant attributes. This polymer material will continue to maintain its positive trend over the decade ahead.
The construction & interiors and electrical & electronics industries would be the immediate end users of surface protection films, capturing around ¾ value share, collectively.
The global surface protection films market is highly competitive. Manufacturers of surface protection films are focusing on providing additional features and employing newer technologies such as self-healing to ensure easy peeling without leaving any residue on the surface. These innovations provide convenience features to end users, and help manufacturers in achieving product differentiation.

Country-wise Insights

The United States plastics industry is experiencing a high demand for surface protection films due to their convenience and necessity across various sectors. From 2024 to 2034, the demand for these films is projected to grow at a CAGR of 4.3%. This growth is driven by the need to protect plastic surfaces during manufacturing, transit, and installation in the automotive, electronics, construction, and packaging industries. Surface protection films help maintain the integrity of plastic surfaces, enhancing customer satisfaction and brand reputation. Additionally, the rise of eco-friendly films made from recyclable or biodegradable materials aligns with the industry’s sustainability priorities, further boosting their adoption.

The United Kingdom’s construction sector is experiencing a notable surge in demand for exterior protection films, anticipated to grow at a CAGR of 3.3% from 2024 to 2034. This uptick in demand is driven by several key factors. Firstly, amidst a construction boom, there’s a heightened need for protective materials to shield windows and building facades during renovation and construction phases. These films play a crucial role in maintaining the visual integrity of architectural surfaces, ensuring buildings retain their value and pristine appearance pre and post-construction.

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Key Segments

By Thickness:

Up to 25 Microns
25 to 50 microns
50 to 100 microns
100 to 150 microns
Above 150 Microns

By Technology:

Adhesion Lamination
- Dry bond lamination
- Wet bond lamination
- Energy-curable adhesive lamination
- Hot melt seal coating
- Solventless lamination
- Others
Coextrusion lamination

By Material:

PE
PET
PP
PU
PVC
Others

By Colour:

Transparent
Translucent
Colored/tinted
Opaque

By Application:

Metal sheets
Glass & mirror
Prepainted surfaces
Plastic sheets
PVC Profiles
Furniture surfaces
Carpet Protection
Others

By End Use:

Construction & interior
Electrical & electronics
Automotive
Industrial
Healthcare
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

High-Resolution Anoscopy Market is anticipated to grow at a steady 6% CAGR to reach USD 24.95 Billion by 2032 | FMI

The future of colorectal cancer detection is looking brighter with the rapid expansion of the High-Resolution Anoscopy Market. This innovative technology is poised for significant growth, with the market valuation projected to reach a substantial USD 24.95 billion by 2032. This represents a substantial increase from the USD 13.93 billion valuation in 2022, reflecting a robust Compound Annual Growth Rate (CAGR) of 6%.

High-Resolution Anoscopy, an avant-garde diagnostic procedure, has emerged as a linchpin in the assessment of various anal conditions. This includes its pivotal role in scrutinizing anal dysplasia—a phenomenon characterized by abnormal cell growth in the anal canal—and anal cancer. The profound significance of this cutting-edge diagnostic technique lies in its ability to facilitate early detection, thereby streamlining treatment modalities and improving patient outcomes.

At the heart of this medical advancement is the anoscope—a small-diameter plastic or metal hollow tube, slightly broader than a finger, with an insert known as the ‘obturator.’ Measuring approximately 5 inches in length, the anoscope is inserted into the anal canal. Upon removal of the obturator, medical practitioners gain a direct visual insight into the rectum. The tube is equipped with a light source, enabling healthcare professionals to examine the lining of the anal canal and lower rectum.

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Anoscopy, unlike colonoscopy, is used for looking at the lower rectum and anal canal. A colonoscopy does examine colon on the whole and makes use of different instrument like flexible tube with camera. On the other hand, anoscopy is aa less invasive and shorter procedure as compared to colonoscopy. The good part is that it does not need general anesthesia.

High-resolution anoscopy, in simple terms, is could be referred to as ‘anoscopy with magnification’. Apart from anoscope (that tends to keep anus open), doctor makes use of another device termed as ‘colposcope’. It’s a high-resolution mobile microscope that is connected to monitor. Doctor utilizes this colposcope for closely examining the areas under suspicion in anal canal via anoscope. To better observe suspicious areas, doctor may apply acetic acid to cotton swab or a gauze and also leave inside the anus for some time. This acid does react with some abnormal cells, so as to make them appear white.

Anoscopy does follow an ‘anal Pap test’, which detects abnormal changes, particularly if you are at a higher risk of anal cancer or anal dysplasia. It needs to be noted that anoscopy gets performed when digital rectal exam (using a finger for feeling any abnormalities inside anus) fails to provide appropriate information for making a diagnosis. The doctor may also go ahead with recommending anoscopy if symptoms like pain in/near the anus, rectal bleeding fecal incontinence/constipation, anal itching are seen. Thus, conditions like hemorroids and abscess, anal fistulas (holes) and fissures (tears), rectal lesions, polyps, cancers and tumors, and rectal prolapse could be detected. Anoscopy does not need much of the preparations except having the bowel emptied before the procedure.

The doctor, 24 hours prior to starting with the procedure, may advise avoidance of anal sex, putting anything unnecessary into the anus, and usage of douche and creams. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Global High-Resolution Anoscopy Industry’. The team of analysts and consultants is there to execute its bottom-up approach with macros as well as micros in place.

“Rising geriatric population is likely to take the high-resolution anoscopy market by storm in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from High-Resolution Anoscopy Market

North America holds the largest market share due to the US being subject to advanced healthcare followed by many key players being present over here.
Europe comes in second on the similar grounds and the scenario is expected to remain the same even in the forecast period.
With growing awareness regarding high-resolution anoscopy, the Asia-Pacific is expected to grow at a sizable rate in the forecast period.

High-Resolution Anoscopy Market Competitive Analysis

Apyx Medical is known for its Renuvion and J-Plasma helium plasma technologies.
Gynius has its ‘Gynocular’ – a leading portable optical colposcope to conduct digital biopsy regarding cervical cancer.

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Key Companies Profiled:

Carl Zeiss AG
SEILER GAREPA PVT. LTD
Optomic
Lutech
Medimarcorp.
Ecleris
Gynius Plus AB
Bovie Medical Corporation
GoldCare

What does the Report offer?

The research study is based on product type (colposcopes, portable colposcope, hand-held colposcope, anoscopes, disposable anoscope, and reusable anoscope), and by end-use (hospitals, diagnostic laboratories, and specialty clinics).
With high-resolution anoscopy being increasingly used for diagnosing canal cancer and anal dysplasia, the Global High-Resolution Anoscopy Industry is expected to grow on a remarkable note going forward.

Key Segments Profiled in the High-Resolution Anoscopy Market Survey

By Product Type:

Colposcopes
Portable Colposcope
Hand-Held Colposcope
Anoscopes
Disposable Anoscope
Reusable Anoscope

By End Use:

Hospitals
Diagnostic Laboratories
Specialty Clinics

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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Global Antibody Market to Reach USD 581.42 Billion by 2034 at a 8.1% of CAGR

The global antibody market is poised for substantial growth, with its size estimated to be worth around USD 266.83 billion in 2024. According to industry projections, the market value is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 8.1% from 2024 to 2033, reaching an impressive USD 581.42 billion by 2034. This growth reflects an absolute increase of USD 315 billion over the forecast period.

The significant expansion of the antibody market is driven by the increasing demand for effective therapeutic solutions across various medical conditions, ongoing advancements in biotechnology, and the rising prevalence of chronic diseases. Antibodies, being critical components in the treatment of numerous illnesses, are seeing heightened investment and innovation, propelling market growth.

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Advancements in biotechnology, an increase in the prevalence of chronic illnesses, and the rising demand for targeted therapies are key factors propelling the antibody market forward. Additionally, significant investments in research and development are leading to the innovation of new and more effective antibody-based treatments, further fueling market growth.

Antibodies are vital in the domains of medicine, pharmacology, research applications, and diagnostics. This is shown by the market’s expected growth. As an essential component of the immune system’s fight against infections, antibodies—also referred to as immunoglobulins—help prevent infectious diseases, autoimmune illnesses, and cancer.

Focus on High-Quality and Specificity

As research becomes increasingly sophisticated, the need for high-quality and highly specific research antibodies becomes paramount. This ensures accurate and reliable results, ultimately contributing to breakthroughs in scientific exploration and medical advancements.

Proteomics, genomics, and biotechnology developments have propelled the market’s substantial expansion for research antibodies. There are several different types of antibodies available on the market, such as recombinant, polyclonal, and monoclonal antibodies, all of which are designed to target different biomarkers and antigens. These antibodies are used by researchers in academic institutions, pharmaceutical companies, and biotechnology businesses to decipher intricate biological processes, identify disease pathways, and confirm possible therapeutic targets.

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Key Takeaways: Research Antibodies Market:

The research antibodies market plays a pivotal role in advancing scientific discoveries and medical breakthroughs across various fields of study. Here are the key takeaways that highlight the trends, challenges, and opportunities within the research antibodies market:

Market Growth and Importance:
- The research antibodies market is witnessing significant growth due to increasing demand for targeted and personalized medicine, as well as the expansion of life sciences research.
- Research antibodies are crucial tools for identifying and studying specific proteins, biomarkers, and cellular components, enabling researchers to unravel complex biological processes.
Monoclonal vs. Polyclonal Antibodies:
- Monoclonal antibodies (mAbs) offer high specificity and consistency, making them preferred choices for diagnostic and therapeutic applications.
- Polyclonal antibodies (pAbs) have broader binding capabilities and are often used for detecting multiple epitopes.
Application Diversity:
- Research antibodies find applications in various domains, including cancer research, neuroscience, immunology, stem cell research, and infectious diseases.
- They aid in studying disease mechanisms, validating drug targets, and monitoring treatment responses.
Technological Advancements:
- The development of recombinant antibody technologies has led to the generation of recombinant antibodies with improved specificity and reduced batch-to-batch variability.
- Single-cell antibody sequencing and phage display techniques are enhancing antibody discovery and customization.
Quality and Reproducibility Concerns:
- Ensuring antibody specificity, reproducibility, and validation has been a challenge, leading to concerns about irreproducible results in research.
- Initiatives like the “Reproducibility Crisis” movement emphasize the importance of transparent reporting and validation of research antibodies.
Rising Industry Regulations:
- Regulatory bodies are emphasizing the need for rigorous validation of research antibodies to ensure reliable and accurate experimental outcomes.
- Guidelines for antibody validation, such as those provided by the International Working Group on Antibody Validation (IWGAV), are gaining traction.

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Key Companies Profiled:

Abcam Plc
Agilent Technologies
Bio-rad Laboratories
Becton Dickinson & Company
Cell Signalling Technology, Inc.
F. Hoffmann La Roche Ltd.
Lonza Group
Merck Millipore
Perkinelmer Inc.
Thermo Fisher Scientific, Inc.

Market Segments Covered in Research Antibodies Market Analysis:

By Product Type:

Primary
Secondary

By Type:

Monoclonal Antibodies
Polyclonal Antibodies

By Technology:

Immunohistochemistry
Immunofluorescence
Western Blotting
Flow Cytometry
Immunoprecipitation
ELISA
Other Technologies

By Source:

Mouse
Rabbit
Goat
Other Sources

By Region:

North America
Latin America
Europe
APAC
MEA

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FMI Projection Affirms Global On-orbit Satellites Servicing Market Revenue to Reach USD 8.8 Billion Milestone by 2034, Driven by 12.3% CAGR

The on-orbit satellite servicing market is expected to experience significant growth in the coming years. The market is expected to rise at a CAGR of 12.3% through 2034. The market is projected to reach a valuation of USD 8.8 billion by 2034, rising from USD 2.8 billion in 2024. Various factors drive this growth, including cost reduction, technological advancements, and sustainability efforts. Satellite operators are increasingly seeking on-orbit servicing as it helps extend the lifespan of their satellites, optimize their performance, and mitigate the risks associated with space debris.

Countries like the United Kingdom, the United States, China, South Korea, and Japan are expanding their presence in this market to capitalize on the growing demand for reliable and sustainable space operations. They leverage their technological expertise, robust aerospace industries, and supportive regulatory environments to drive the expansion in on-orbit satellite servicing. These nations are leading advancements in servicing technologies and offering innovative solutions to meet evolving market demands through strategic partnerships, investments in research and development, and participation in international collaborations.

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The demand for different types of satellite servicing fluctuates according to needs; small satellites in the on-orbit satellite servicing market are rising due to their unique operational advantages. Small satellites are being increasingly deployed to offer satellite-based services across various sectors. Active debris removal services are becoming popular to proactively remove defunct satellites, spent rocket stages, and other debris from orbit.

Some challenges pose potential constraints to market growth, such as regulatory hurdles, safety concerns, and environmental impacts. Despite these challenges, the market thrives, driven by increasing awareness, technological innovation, and the pressing need for sustainable space operations.

Collaborations between governments, commercial entities, and academic institutions play a crucial role in accelerating the adoption of on-orbit servicing technologies, ensuring the long-term sustainability of space activities.

“Technological advancements and sustainability initiatives present opportunities for companies to offer advanced maintenance, repair, and upgrade services. The trend toward satellite miniaturization and small satellite constellations also opens up scalable and cost-effective servicing solutions for industry players,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study:

Active debris removal (ADR) and orbit adjustment services are poised to significantly influence the on-orbit satellite servicing market, which is expected to rise at a CAGR of 11.8% from 2024 to 2034.
The market is projected to experience a robust upsurge propelled by small satellites, exhibiting a CAGR of 12.1% until 2034.
The on-orbit satellite servicing market in South Korea has the potential to increase at a 14.1% CAGR through 2034.
The on-orbit satellite servicing market in Japan is projected to inflate at a CAGR of 13.9% through 2034.
The on-orbit satellite servicing market in the United Kingdom is predicted to rise at a 13.6% CAGR through 2034.
On-orbit satellite servicing in China is anticipated to develop at a CAGR of 12.9% through 2034.
On-orbit satellite servicing in the United States is estimated to rise at a whopping 12.5% CAGR through 2034.

Competitive Landscape

Leading on-orbit satellite servicing companies are expanding their global presence by forming strategic partnerships, developing advanced technologies, and penetrating new markets. They are collaborating with international space agencies, satellite operators, and industry stakeholders to extend their reach across geographies.

Major companies also invest in research and development to enhance their servicing capabilities, focusing on improving robotics, automation, and artificial intelligence. By leveraging their expertise and resources, they aim to meet the diverse needs of customers, comply with regulatory requirements, and take advantage of emerging opportunities in the dynamic space industry.

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Top Key Players in the On-orbit Satellites Servicing Market

Maxar Technologies
Astroscale Holdings Inc.
SpaceLogistics LLC
Airbus SE
Thales Alenia Space

Market Segmentation:

By Type:

Small Satellites
Medium Satellites
Large Satellites

By Service:

Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refueling
Assembly

By End User:

Military and Government
Commercial

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Multichannel Order Management Market Projected to Reach $8.5 Billion by 2034 with a CAGR of 9.7% FMI Projection

The global multichannel order management market will reach a valuation of US$ 3.4 billion in 2024, driven by increasing popularity of subscription box services. The trend is set to create new opportunities for the market, leading to a projected CAGR of 9.7% between 2024 and 2034, and reaching a total valuation of approximately US$ 9.7 billion by 2034.

Businesses are expanding their reach to international markets, with the increasing globalization of e-commerce. Multichannel order management solutions play a crucial role in managing cross border transactions, including currency conversion, customs clearance, and international shipping logistics, to facilitate seamless cross border e-commerce operations.

The rise of subscription based business models across various industries, including software, media, and consumer goods, has led to increased demand for flexible and scalable order management solutions. Multichannel order management systems are essential for managing recurring orders, billing cycles, and subscription renewals efficiently.

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Direct to consumer brands are bypassing traditional retail channels and selling directly to consumers through online channels and pop up stores. Multichannel order management solutions enable DTC brands to manage their entire order lifecycle, from order placement to fulfillment and customer support, thereby empowering them to control the end to end customer experience.

Real time inventory visibility is essential for businesses to prevent stockouts, avoid overstocking, and optimize order fulfillment processes. Multichannel order management solutions offer real time inventory tracking capabilities across multiple channels and fulfillment locations, enabling businesses to maintain optimal inventory levels and improve order accuracy.

The integration of social media platforms with e-commerce has become increasingly prevalent. Multichannel order management solutions are adapting to this trend by enabling businesses to sell directly on social media channels and manage orders seamlessly across multiple platforms.

Key Takeaways from the Market Study

Global multichannel order management market was valued at US$ 0 billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 12.1%.
The market in Japan to expand at a CAGR of 10.7% through 2034.
By component, the software segment to account for a CAGR of 9.5% through 2034.
The market in Korea will expand at a CAGR of 11.4% through 2034.
In terms of organization size, the large enterprises segment to account for a CAGR of 9.4% through 2034.

“Businesses need to adapt their multichannel order management strategies to accommodate local preferences, languages, currencies, and regulations, as businesses expand into new markets,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Competitive Landscape

Prominent players in the multichannel order management market are Salesforce, Inc, HCL Technologies Limited, Zoho Corporation, Oracle Corporation, IBM Corporation, SAP SE, Cloud Commerce Pro Ltd, Newfold Digital Inc, Delhivery Pvt. Ltd, and Brightpearl, Inc., and Microsoft Corporation, among others.

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Company Portfolio

SAP SE provides a comprehensive multichannel order management solution as part of its SAP Commerce Cloud platform. The solution enables businesses to centralize order management, synchronize inventory, and automate order fulfillment processes across multiple channels.
Microsoft Corporation offers a flexible and scalable multichannel order management solution as part of its Dynamics 365 suite of business applications. The solution enables businesses to manage orders, inventory, and customer interactions across online, offline, and mobile channels.

Segmentation Analysis of the Pallet Box Market

By Component:

Software
Services

By Organization Size:

Large Enterprises
SMEs

By Deployment Mode:

On Premises
Cloud Based

By Application:

Order Fulfilment
Inventory Management
Channel Integration
Others

By End Use Vertical:

Retail
Manufacturing
Transportation and Logistics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

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FMI Report States Global Gravity Conveyor System Market Valuation to Cross USD 804.4 Million Mark by 2034, Driving 5.2% CAGR Growth

The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%.

The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at a robust CAGR of 5.4% through 2034.

The global expansion of the gravity conveyor system market is anticipated to be significant, with a predicted increase of around 1.5X by 2034. This is due to the growing demand for efficient material-handling processes in several industries, including retail, manufacturing, logistics, and healthcare. Gravity conveyor systems will continue to expand in popularity due to their versatility, cost-effectiveness, and ability to enhance efficiency in material handling processes across diverse industries worldwide.

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China is poised to maintain its steady position in the global gravity conveyor system market, capturing around 29.5% of the market share by 2024. China boasts a vast manufacturing infrastructure and skilled labor force, allowing for efficient and cost-effective production of gravity conveyor systems. Additionally, the country’s well-established supply chain networks and access to raw materials ensure smooth production and distribution processes, meeting global demand effectively.

Key Takeaways from the Report:

The global market for gravity conveyor systems is projected to thrive at 2% CAGR through 2034.
By conveyor types, the gravity roller conveyor segment is expected to have a total valuation of USD 268.7 Million by 2034.
By end-use, the industrial machinery segment is set to attain a valuation of USD 277.5 Million by 2034.
North America is expected to account for a significant share of about 0% in 2024.
Europe’s industry value is anticipated to reach USD 101.8 Million by 2024.
China is projected to attain a valuation of USD 237.3 Million by 2034.
Demand in India is predicted to rise at 7% CAGR through 2034.

“The gravity conveyor system market is poised to witness healthy growth due to escalating e-commerce, expanding industrial sectors, and increasing emphasis on supply chain optimization. With the growing demand for efficient material handling solutions across retail, manufacturing, logistics, and agriculture industries, adoption of gravity conveyor systems is expected to rise,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The global gravity conveyor system market is moderately consolidated, with leading players accounting for about 40% to 45% share. Bosch Rexroth, Siemens, Dematic, Rexnord, Durr AG, and Buhler Group are the leading manufacturers and suppliers of gravity conveyor systems listed in the report.

Key Companies Profiled in Gravity Conveyor System Market:

Bosch Rexroth
Hitachi
Siemens
Dematic
Rexnord
Durr AG
Buhler Group
Daifuku
FlexLink
Jungheinrich
Liebherr Group
Dorner Conveyors
Hytrol Conveyor
Fujian Gao Chuang Machinery Co.
Kardex
LEWCO

Recent Development in the Gravity Conveyor System Market:

In February 2024, Ultimation Industries launched two new products under its heavy-duty gravity roller conveyor portfolio. The products come with two lengths that would enable manufacturers, shipping companies, and warehouses to gain access to novel material handling features.

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Gravity Conveyor System Market Segmentation Analysis:

By Conveyor Types:

Gravity Roller Conveyor
Gravity Skate Wheel Conveyor
Flexible Conveyor
Spiral Conveyor
Multi-strand Chain Conveyors
Others

By Capacity:

Light Duty
Medium Duty
Heavy Duty
Very Light Duty

By Material:

Metal
Plastic
Others

By Sales Channel:

Direct Channel
Indirect Channel

By End-use:

Automotive
Food and Beverage
Agriculture
Industrial Machinery
Pharmaceutical
Retail
Others

By Region:

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

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (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, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market 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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