Market Research Blog – Page 1714 – New Product Development

Body Slimming Device Market to Grow to USD 5,674.4 Million by 2034, at a Steady CAGR of 3.8% | FMI Study

The global Body Slimming Device Market is poised for a healthy future, according to a recent industry report by Future Market Insights (FMI). Valued at approximately USD 3,911.9 million in 2023, the market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 3.8% throughout the forecast period. By 2034, this translates to a significant market expansion, reaching a projected value of USD 5,674.4 million.

With no negative effects on the body’s other tissues, slimming devices help eliminate unwanted fat that has been deposited in the body. As they dissolve and burn fat, these devices guarantee to aid in weight loss and fat reduction without the need for a workout regimen. Also, they help to tighten the skin and increase its suppleness, which results in skin tone.

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One of the key factors propelling the development of the market is the increasing obesity incidence among people worldwide. The rise in chronic illnesses, including hypertension, diabetes, and orthopedic conditions brought on by sedentary and unhealthy lifestyles, is driving the expansion of the slimming device industry.

The growing awareness of health issues and the benefits of digitization, which makes it simpler to obtain information about the consequences of being overweight, also have an impact on the slimming device market. Positive factors influencing the market for slimming devices include rising awareness of appealing appearance, changing lifestyles, a growing desire to look better, and the expansion of the online retail industry. During the projection period, slimming device market participants will have lucrative prospects owing to product developments and technical improvements.

Growing disposable income in emerging countries, sedentary lifestyles, and increased government attempts to raise awareness among obese populations are expected to significantly drive market growth.

Body Slimming Device Market Key Takeaways:

The market value share for body slimming devices was around 24.1% in 2022.
Sales of body slimming devices expanded at a CAGR of 2.5% from 2019 to 2023.
India held a significant market share of about 27.8% in South Asia in 2022.
Germany held around 4.6% share of the global market in 2022 and is expected to rise steadily in the forecast period.
Body slimming device demand in China is anticipated to rise at a steady CAGR of 4.8% during the forecast period.

“Rising prevalence of gynecomastia and the increasing adoption of minimally invasive and more effective procedures for gynecomastia are set to propel the sales of body slimming devices across the globe,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Body Slimming Device Market Competitive Landscape:

Leading players are adopting key strategies such as product launches, partnerships, and agreements to strengthen their market presence as well as to expand their existing product portfolios. Several leading companies are innovating new technologies that are minimally invasive and are used to reduce patients’ time in hospitals, lower the chances of infection, and save costs.

For instance,

In January 2023, Fotona launched Fotona4D. It is a cutting-edge laser procedure that targets four distinct dimensions of the skin to rejuvenate and tighten from the inside out.
In April 2019, a dermal filler named Juvéderm VOLUX was produced by ALLERGAN to improve the chin and jawline.

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Body Slimming Device Market Key Players:

Alma Lasers
Allergan Plc
MerzPharmaGmbh
Candela Medical Ltd.
Solta Medical Bausch Health Companies, Inc.
Lutronic Corporation
InMode Ltd.
Fotona
Sofwave Medical Ltd.
Sciton Inc.
Lumenis
Cynosure, Inc. (Hologic, Inc)
Bausch Health Companies Inc
Cutera
Invasix Aesthetic Solutions
Venus Concept
Zeltiiq
Erchonia Medical

Body Slimming Device Market Segmentation:

By Product:

Cryolipolysis
Diode Laser
High-intensity Focused Electromagnetic Field (HIFEM)
Radiofrequency (RF)
High-intensity Focused Ultrasound (HIFU)

By End-user:

Hospital Setting
Ambulatory Surgical Centers
Plastic Surgery and Cosmetic Clinics

By Region:

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

Author By:

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 areas such as 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 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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Technical Enzymes Market Insights and Opportunities for Sustainable Growth by 2030

Technical enzymes are usually used as bulk enzymes in several industries such as pulp and paper, textile, and detergents industries; apart from these industries the technical enzymes are also used in the synthesis of organic products and biofuels. Commercially available technical enzymes used includes amylases, lipases, proteases, xylanases, catalases, and cellulases.

According to the report, Multifunctional properties of specific enzymes in the biofuel, starch, fiber & leather, paper & pulp industries. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Restricted Supply Chains Due to COVID-19 will Affect the Growth of the Enzymes Market

The current shutdown has brought the technical enzymes market to a standstill and the curve for recovery will rely on the government’s fiscal stimulus.. Demand for enzymes would decline as a result of higher volatility, increased precautionary behaviour, containment measures, and increased financial costs that decrease purchasing power of consumers. A majority of industries are operating under strict guidelines. Restrictive measures undertaken to prevent the spread of the disease are likely to hamper the overall growth trajectory of these industries. These restrictions are likely to limit the scope of growth for the technical enzymes market as well.

It includes in-depth insights into the technical enzymes market. Some of these are:

The estimated value of the market was at US$ 1890 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
In the forecast period the Asia Pacific region is expected to be the fastest rising market.
Because of the high sugar demand, enzymes are also used to hydrolyze starch to boost the sugar production process and increase overall efficiency.
Customer interest towards an alternative to gasoline has increased the use of biofuels in many developed countries to minimize toxic car & industrial emissions.
The increasing demand for technological enzymes in the starch and textile & leather industries is projected to generate lucrative growth opportunities for manufacturers in the Asia Pacific region.
In terms of source, the animal segment currently leads the market and is expected to remain dominant through the course of the forecast period.

Who is Winning?

Some of the major players of the global technical enzymes market include Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Associated British Foods Plc (U.K.), Novozymes A/S (Denmark), Advanced Enzyme Technologies Ltd. (India), Epygen Labs FZ LLC (UAE), Maps Enzymes Limited (India) and Megazyme Inc. (U.S.) among others. The rising pattern of environmental issues in developing countries and advances in R&D activities for technological enzymes are the main factors that are projected to drive this market’s growth during the forecast period.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. The companies plan to broaden their geographic presence by means of strategic collaborations.

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Technical Enzymes Market Taxonomy

The global Technical Enzymes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Source

Micro organism
Plant
Animal

Application

Biofuel
Starch
Textiles & Leather
Paper & Pulp

Form

Liquid
Dry

Product Type

Amylases
Cellulases
Proteases
Lipases

Region

North America
Latin America
Europe
Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact FMI:

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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Caramel Ingredients Market Expected to Hit USD 6.21 Billion by 2033 with a 7.1% CAGR Growth, Reports Future Market Insights Inc.

The caramel ingredients market is expected to be worth US$ 3,120.0 million in 2023. The market is anticipated to be valued at US$ 6,210.0 million by 2033, developing at a CAGR of 7.1% from 2023 to 2033.

As reported by Future Market Insights analysts, the global sales volume for caramel ingredients has increased over the past half-decade owing to the rising use of this product in a number of sectors including bakery and desserts.

Bakery ingredient use is increasing in parallel with customer curiosity about baked items. As caramel is one of the most widely used colorants, it can be found in a wide variety of products, including cereals, biscuits, and beverages like tea, coffee, and soda. These applications attract clients and are beneficial to the overall goods sales volume.

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Rising financial resources and growing acceptance of urban cultures are strengthening the food and beverage industry globally. This is due to a movement in client meal tastes toward ready-to-eat and frozen baked goods rather than conventional slow-cooker foods. This shift in the food and beverage industry is predicted to boost the growth of the caramel ingredients market throughout the forecast period.

Customers’ heightened health concern has resulted in a desire for natural components. Caramel prepared from natural ingredients, such as genuine sugar, and free of artificial additives, has grown in favor as customers seek transparency and short ingredient lists.

The caramel ingredients market grew as a result of globalization and growing market prospects. Developing dietary trends in places such as Asia-Pacific and Latin America stimulated demand for caramel components, especially in usage like desserts and snacks.

Key Takeaways

The demand for caramel ingredients increased at a 2.9% CAGR from 2018 to 2022.
By 2033, the market in the United States is expected to reach US$ 880 million.
The caramel ingredients industry in China is anticipated to be worth US$ 796 million developing a CAGR of 6.3% through 2033.
The caramel ingredients industry in Japan is projected to value at US$ 757 million by 2033.

“Key producers are continually innovating and expanding their product lines to meet the changing needs of their customers by increasing output,” says FMI’s analyst.

Competitive Landscape

The caramel ingredients market is uneven and distinguished by the existence of both foremost and small-scale businesses. These industry players follow a few key growth strategies and a variety of approaches for increasing market share, accessibility, and earnings, such as technology advancement, growth, and consolidation.

British Bakels introduced a new Chocolate Millionaires Caramel PF, the new introduction to the True Caramel line, in 2021. With a chocolatey touch, this novel launch combines all of the flexible attributes of conventional Millionaires Caramel. It was launched to broaden the company’s True Caramel portfolio and enhance the global expansion of caramel ingredients.
Ghirardelli introduced new White Chocolate Caramel SQUARES in 2020. This product release aided the organization’s growth in the Caramel item segment.

Key Companies Profiled in the Caramel Ingredients Market

Nestle
Mars Inc.
Kerry Group
Bakels Worldwide
Cargill Incorporated
Göteborgsfood Budapest ZRT
Sensient Technologies Corporation
Ferrero
Martin Braun KG
Puratos Group
Haribo
Metarom
Sethness Caramel Color
Nigay
DDW The Color House

Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global caramel ingredients market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Type (Inclusions, Fillings, Toppings, Shades, Flavours, Others) Way of application (Confectionery products, Ice creams & cakes, Bakery products, Beverages, Alcoholic, Non-alcoholic construction, others), Way of form (Stable, Liquid, Powder or Granular), and Region.

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Segmentation Analysis of the Caramel Ingredients Market

By Type:
• Inclusions
• Fillings
• Toppings
• Shades
• Flavours
• Others
By Application:
• Confectionery products
• Ice creams & cakes
• Bakery products
• Beverages
• Alcoholic
• Non-alcoholic construction
• Others
By Form:
• Stable
• Liquid
• Powder or Granular
By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• The Middle East & 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Pharmaceutical Manufacturing Equipment Market is projected to grow at a CAGR of 6.4%, from USD 14.7 Billion in 2024 to USD 27.3 Billion in 2034 | FMI

The global Pharmaceutical Manufacturing Equipment Market is poised for a significant surge, with its size expected to jump from USD 14.7 billion in 2023 to a substantial USD 27.3 billion by 2033. This translates to a remarkable Compound Annual Growth Rate (CAGR) of 6.4% over the coming decade, highlighting the growing demand for advanced equipment in pharmaceutical production.

Increasing technological advancements worldwide are expected to drive the growth of the pharmaceutical manufacturing equipment market. Technological developments, such as the development of production lines for small batch sizes and for research purposes, are contributing to the growth of anti-counterfeit drugs. Growing integration and automation for packaging equipment is considered a leading trend in the market.

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Rising digitalization worldwide for flexible manufacturing equipment has advantages in the pharmaceutical industry. Manufacturing companies can adjust their machines to accommodate continuously changing patient demand while improving patient safety through automation and robot technology. Increased use of AI and ML, cloud technology, digital therapeutics, and blockchain technology is expected to create significant opportunities in the pharmaceutical manufacturing equipment market.

Increasing demand for generics and the growing potential of pharmaceutical manufacturing infrastructure across the world are expected to drive growth in the market. Government initiatives and schemes for quality assurance also drive the market. However, the rising demand for refurbished equipment is expected to hamper the market during the forecast period. Manufacturers are adopting new pharmaceutical equipment to enable first-to-market advantages nowadays. The markets in China and Japan are expected to grow significantly during the forecast period due to the region’s low manufacturing and labor costs.

Key Takeaways from the Pharmaceutical Manufacturing Equipment Market:

The global pharmaceutical manufacturing equipment market is estimated to register a CAGR of 6.4%, reaching a valuation of US$ 27.3 billion by 2033.
The market captured a CAGR of 8% over the historical period from 2018 and 2022.
The United States is anticipated to dominate the global market by registering a 6.5% CAGR during the forecast period.
With a 6.9% CAGR, the market in China is expected to significantly drive global sales by 2033.
The market in Japan is anticipated to grow at a CAGR of 7.3% during the forecast period.

Key Players and Strategies for Success in the Pharmaceutical Manufacturing Equipment Market

In recent years, there has been a surge in investment and collaboration within the industry with the growth of venture capital firms and businesses. Strategic partnerships and financial investments accelerate research and development, scale production, and create awareness about the benefits of adopting pharmaceutical manufacturing equipment.

Recent Developments in the Pharmaceutical Manufacturing Equipment Market:

In 2023, Syntegon Technology GmbH announced that it would be acquiring Bosch Packaging Technology, a leading supplier of pharmaceutical packaging equipment. This acquisition is expected to strengthen Syntegon’s position in the pharmaceutical manufacturing equipment market.
In 2023, Emerson announced it would invest US$ 100 million in its pharmaceutical manufacturing equipment business. This investment will be used to develop new products and expand the production capacity.

Top 12 Key Companies Profiled in the Pharmaceutical Manufacturing Equipment Market:

GEA Group
I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
Syntegon Technology GmbH
ACG (India)
Thermo Fisher Scientific Inc.
Merck KGaA
Sartorius Stedim Biotech
Bosch Packaging Technology
Buhler Group
Rockwell Automation
Siemens AG
Danaher Corporation

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Key Segments in the Pharmaceutical Manufacturing Equipment Market

By Type:

Processing Equipment
Packaging Equipment

By Application:

Pharmaceutical Company
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa

Author

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

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Polyol Sweetener Industry Set to Achieve USD 8.2 Billion Valuation by 2034

The worldwide polyol sweeteners market is expected to grow positively from US$ 4,100 million in 2023 to US$ 4,317.3 million in 2024. Moreover, the polyol sweetener market is anticipated to develop at a CAGR of 7.19% and reach a valuation of US$ 8,213.4 million by 2034.

The polyol sweeteners industry is witnessing growth due to factors such as the increasing adoption of low-calorie diets across the globe. Secondly, there is a growing trend toward using artificial sugar substitutes. This is evolving the industry to dive in new directions as manufacturers strive to meet the changing needs of consumers. As a result, we can expect to see continued growth in the polyol sweeteners industry in the coming years.

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Polyols, hard-to-digest carbohydrates, offer health benefits and are sweet without affecting blood sugar or tooth decay. The demand for sugar-free diets is expected to rise in the next decade. Polyol sweeteners have high spreading potential and lower dental decay in over-the-counter drugs. The market for polyol sweeteners can be divided into fluid and powder segments, with powder-state polyol sweeteners expected to remain dominant and in high demand.

Governments and consumers worldwide focus on reducing sugar intake to combat diabetes and obesity, using sweeteners to reduce calorie and sugar intake. Sugar levies and controls have led to growth in the sector as manufacturers comply with regulations.

The growing use of sugar alternatives, healthy diets, organic foods, lower calorie consumption, and natural components in nutritional supplements, pharmaceuticals, and cosmetics, as well as healthcare trends, health education, and lifestyle changes, are driving the global market for polyol sweeteners.

Lead Analyst states, “The significant increase in demand for sugar-free and low-calorie goods, as well as increased consumer awareness of health and wellness and growing worries about obesity and diabetes, are all contributing factors to the expansion. Furthermore, it is anticipated that the worldwide market for polyol sweeteners will continue to be competitive and expand as producers make research and development investments to create cutting-edge goods that meet shifting customer demands and market trends.”

Key Takeaways from the Polyol Sweetener Market:

The United States sugar substitute polyols market is increasing at a CAGR of 3.4%.
China’s diabetic-friendly sweeteners market is projected to evolve at a CAGR of 5.4% until 2034.
During the forecast period, Germany’s Polyol-based food products market is expected to achieve a CAGR of 2.5%.
Japan low-calorie sweeteners market is anticipated to expand at a CAGR of 4.4% over the projected period.
The market for polyol Sweeteners in Australia is likely to capture a 6.5% CAGR through 2034.

Key Strategies:

The worldwide polyol sweetener market is expected to expand due to industry players’ spending on research and development, new product launches, contracts, mergers and acquisitions, effective investments, and collaboration with other companies. To survive in a cutthroat market, the industry must provide fair-quality goods and produce sugar polyols locally to save expenses. Manufacturers help customers and expand the market sector by employing this cutting-edge marketing strategy.

Recent Developments:

Gulshan Polyols Ltd. was given a contract in December 2023 to supply ethanol and polyol replacements for ethanol processing to oil marketing businesses.
NutraSweet launched Reb M+ stevia leaf extract in October 2023, a low-calorie, natural sweetener that can be coupled with polyols, underlining the trend of mixing multiple sweeteners for maximum functioning and flavor.

Key Companies in the Polyol Sweetener Market

Cargill, Inc., Sweeteners plus, LLC, Fooding Group, Zibo Shuohui Chemical Co Ltd, Splenda, Truvia, Stevi0cal, Sweet sante, B Food Science Co., Ltd., Gulshan Polyols Ltd., Ingredion Inc., Roquette Frères, PT. Ecogreen Oleochemicals, Mitsubishi Corporation Life Sciences Ltd., Tereos, SPI Pharma, HYET Sweet, Jungbunzlauer Suisse AG, DFI Corp., Sukhjit Starch & Chemicals Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd., Shandong Futaste Co., Dancheng Caixin Sugar Industry Co. Ltd., Shijiazhuang Huaxu Pharmaceutical Co., Ltd., DuPont Nutrition & Health (Danisco), zuChem, Zibo Shunda Biotech Co., Ltd., Hylen Co., Ltd., BENEO GmbH, Foodchem International Corp.

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Market Segmentation

By Type:

Sorbitol
Erythritol
Maltitol
Mannitol
Isomalt
Xylitol
Others

By Form:

Powder
Crystal
Liquid
Syrup

By Application:

Bakery
Confectionery
Beverages
Dairy
Oral Care
Pharmaceuticals
Others

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East & Africa

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Low Code Development Platform Market to Surge with 28.4% CAGR, Projected to Reach $259.9 Billion by 2033

The Low Code Development Platform Market is estimated to grow at a CAGR of 28.4% over the forecast period. The Low Code Development Platform market is expected to grow from US$ 21,363.5 million in 2023 to US$ 259,922.1 million by 2033.

A low-code development platform (LCDP) is a coding environment that allows developers of all skill levels to create applications with a dynamic graphical user interface and configuration, as well as model-driven logic.

One of the primary drivers of the low-code development platform market is the progress of digital transformation in the IT and telecom industries.

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By delivering business applications more quickly, low-code tools enable businesses to expand their efforts in digital transformation. Low-code tools also significantly shorten the time needed for innovation.

The fourth industrial revolution is creating significant growth prospects for the low-code development platform industry, as is the paradigm change toward a digital workspace that makes use of new technology.

Key Takeaways from Market Study

Low-code and no-code tools appear to be the best option for small and medium-sized businesses outside of IT. It is especially relevant for users who want to achieve their business objectives quickly, efficiently, and affordably by utilising modern technology.
With the increasing incorporation of low-code platforms in the region, particularly in China, Asia Pacific is expected to record the highest CAGR of more than 26.8%. Several local vendors across all major verticals are utilising these platforms to speed up application delivery, expand developer taskforces, reduce operating costs, and boost innovation.
E-commerce businesses are constantly looking for ways to increase sales while remaining cost-effective. Low-code and no-code platforms have proven to be useful tools for managing the e-commerce ecosystem on a budget. These technologies are becoming increasingly popular in the digital ecosystem.
Low-code platforms are becoming an important part of existing web-based platforms in many organisations, allowing them to improve their strategy while reducing cost and complexity. Mendix on IBM Cloud, App Maker on Google Cloud Platforms, and PowerApps on Microsoft are some well-known low-code platforms from major web-based service providers.
As the application becomes more progressive, a suitable level of technical background will be required. This means that time is required to educate and become acquainted with the low-code software. As a result, there is an increased demand for low-code specialists.

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Competitive Landscape

The low-code development platform industry is moderately fragmented, with a large number of participants, considerable legislative framework worldwide, and smaller vendors collectively controlling a big portion of the market. Market players with substantial financial resources are actively engaged in strategic M&A activities, while smaller businesses focus on product innovation methods to increase market share.

Some of the Key Players Operating in Low Code Development Platform Market Include:

Salesforc
Appian
Mendix
Microsoft
Pegasystems
Zoho
OutSystems
Oracle Corporation
ServiceNow
TrackVia, and K2.

Latest Developments in the Low Code Development Platform Market

In January 2022 – UST announced that it had earned the Microsoft Low Code Application Development advanced specialisation. Microsoft’s advanced specialisation is a significant credential for its partners who meet high specialisation, service delivery, and support standards.
In November 2021 – OutSystems unveiled a next-generation application platform, allowing development teams to create cutting-edge cloud applications. The new platform, codenamed Project Neo, provides organisations with the next level of application scale and developer productivity required to compete in a cloud-first world.

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Future Market Insights, in its new report, offers an impartial analysis of the global Low Code Development platform market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Market Segments Covered in Low Code Development Platform Market Analysis

By Solutions:

Platform
Services

By Deployment:

On-Premise
Cloud-Based
Web-Based

By Enterprise Size:

Small Offices
Small Enterprises
Medium-Sized Enterprises
Large Enterprises
Very Large Enterprises

By Industry:

Services
Distribution Services
Public Sector
Finance
Manufacturing and Resources
Infrastructure

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Molecular Breast Imaging Market Poised for Growth: USD 1.4 Billion by 2033, at a CAGR of 4.7% | FMI Study

The fight against breast cancer is gaining momentum with advancements in diagnostic tools. The global Molecular Breast Imaging Market is estimated to reach a substantial USD 1.4 billion by 2033, reflecting a projected Compound Annual Growth Rate (CAGR) of close to 4.7% from 2023. This upsurge signifies the growing recognition of MBI’s role in early detection, particularly for women with dense breast tissue.

Molecular breast imaging (MBI) is a novel nuclear medicine approach that provides high-resolution functional pictures of the breast using tiny semiconductor-based -cameras in a mammographic configuration. MBI is a reasonably straightforward procedure that may be completed within 5 minutes after injection. MBI offers a high sensitivity for identifying tiny breast lesions, with an overall sensitivity of 90% in individuals with suspected breast cancer, according to studies.

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Tumor detection is determined by tumor size rather than tumor type. MBI and breast-specific imaging studies have shown equal sensitivity to breast MRI. Efforts have been undertaken over the last decade to improve existing imaging techniques, such as digital tomosynthesis and 3D whole-breast ultrasonography, or to create novel imaging modalities, such as breast CT, vibro-acoustography, or positron emission mammography (PEM).

In general, the market for molecular breast imaging is likely to expand more in the coming next years. This market provides people with a cheap and rapid way to diagnose illness.

Molecular Breast Imaging Market Key Takeaways:

By modality, dual head cameras accounted for a prominent share in the global market, with a valuation of US$ 519.9 Billion in 2022. Dual-head molecular breast imaging captures images in craniocaudal, medial, and lateral regions.
With a valuation of US$ 480.1 Million in 2022, the screening application accounted for a significant portion of the global market. MBI is a sensitive imaging technique for screening breast cancer in dense breast tissue, with a lower false-positive rate, improving early detection and potentially saving lives.
Hospitals held the prominent end-user market share in the global market in 2022, growing rapidly with a CAGR of 4.3% in the predicted period. Hospitals use advanced imaging for accurate breast cancer detection, conducting clinical trials and research.
North America maintained the predominant regional position in the global molecular breast imaging market in 2022, with a revenue share of 34.5%. MBI offers low false-positive rates, good recall, quick interpretations, low cost, minimal contraindications, and strong negative predictive value, making the US a prominent market for molecular breast imaging in North America.

Molecular Breast Imaging Market Competition

The molecular breast imaging market has several players making it a highly competitive market for players. Leading players constantly look out new tactics to maintain their foothold on the global market share. These include collaborations with healthcare institutes for new research programs and mergers or divestments to continue strengthening their portfolio among many others.

In April 2023, Canon Inc., Canon Medical Systems Corporation, and the National Cancer Center Japan conducted a clinical research using the first Japanese-produced PCCT system to develop new diagnostic methods, improving radiation exposure, pathological detectability, and precise identification of body materials.
In November 2022, GE HealthCare, a spin-off, showcases 40 AI-driven solutions to address healthcare challenges, including next-generation MRI, SIGNA Experience platform, Revolution Apex CT, and Theranostics’ precision prostate cancer care. These solutions aim to scan more patients with less waste, improve patient outcomes, and enhance patient quality of life.

Key Companies Profiled:

Koninklijke Philips N.V. (Netherlands)
Hitachi Ltd. (Japan)
Siemens Healthcare GmbH (Germany)
CANON MEDICAL SYSTEMS CORPORATION (Japan)
General Electric (US)
Aspect Imaging Ltd (Israel)
Bruker (US),
Aurora Health Care (US)
FONAR Corp. (US)
ESAOTE SPA (Italy)
Neusoft Corporation (China)
TOSHIBA CORPORATION (Japan)
Sanrad Medical Systems Private Limited (India)
FUJIFILM Holdings Corporation (Japan)
ONEX Corporation (Canada)
Hologic, Inc. (US)
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
Imaging Diagnostic Systems, Inc. (US)
Agfa-Gevaert Group (Belgium)
Koning Health (China)

Molecular Breast Imaging Market Segments:

By Modality:

Single Head Gamma Camera
Dual Head Camera

By Application:

Screening
Diagnosis

By End User:

Hospital
Diagnostic Imaging Centers
Breast Cancer Care

By Region:

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

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Cellular IoT Module Market Set for Impressive 23.4% CAGR, Expected to Reach $20.83 Billion by 2033

The market for cellular IoT modules is expected to be valued US$ 16.88 billion in 2023 and US$ 20.83 billion by 2033, according to Future Market Insight. Over the course of the projected period, a CAGR of 23.4% is expected in the market.

It is anticipated that the growing market expansion of 5G technology is driven by its acceptance. The higher data rates, reduced latency, and greater coverage of 5G technology are anticipated to drive up demand for cellular IoT modules.

The cellular IoT module market is anticipated to increase as a result of the development of mHealth services and government programmes to encourage IoT in healthcare. The growth of healthcare facilities and the increasing demand for healthcare services are having an effect on the total market share.

A crucial component of cellular IoT security policy is cloud-based security, as insecure cloud infrastructure increases the risk of data theft and device piracy. For instance, a drone used for surveillance or delivery can process information like imaging data and navigational instructions on its own.

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Applications of Cellular IoT Modules in Different Industries

Automotive Industry: The sales of cellular IoT modules in the automotive industry are expected to grow significantly during the forecast period due to the increased demand for connected automobiles. Since connected automobiles allow communication between vehicles and with the outside world, the automotive industry is projected to undergo substantial change as a result.

Telecom Industry: Currently, the telecom industry improves the cellular IoT modules market outlook. The market’s expansion is also aided by the industry’s rapid digitization and growing level of automation. Solutions for the Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines are being implemented by numerous medium-sized and large-scale businesses.

Key Takeaways

The cellular IoT module market is likely to register at a CAGR of 23.4% during the forecast period.
Historically, the cellular IoT module market registered at a CAGR of 17% between 2018 and -2022.
The value of the cellular IoT module market is expected to be US$ 20.83 Bn by 2033.
Based on components, the hardware segment is likely to register at a 26.5% CAGR in the cellular IoT module market.
North America shows significant growth in the cellular IoT module market by 2033.
During the forecast period, the cellular IoT module market in China is likely to dominate.

Competitive Landscape

The inclusion of cellular IoT modules in the product lines of telematics solution providers has made it easier for fleet managers and off-highway vehicle OEMs to gather and analyze data to identify significant patterns and issues in the field’s instrumentation usage.

Furthermore, it is projected that a number of elements, such as robust security, ubiquitous quality, and resilient networks, would energize the sector over the coming several years.

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Recent Developments:

In order to fulfill the rising need from the industry for smart-grid communications between charging stations and automobiles, Qualcomm developed a new power line communication device in May 2022.
In order to address the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment, Qualcomm Technologies, Inc. has developed the QCA7006AQ, a next-generation power line communication (PLC) device (EVSE).
The HL7845 Module was developed by Sierra Wireless in April 2021. The standard provides a 450 MHz wireless spectrum to meet the IoT connectivity requirements of European utility services.
In February 2021, Fibocom partnered with Red Tea, a leading provider of connection solutions, and Deutsche Telekom, the largest integrated telecoms company in the world, to ensure that it only provided best-in-class advertising nuSIM IoT components.

Key segments

By Component:

Hardware
Software

By Cellular Technology:

3G
4G
5G
LTE-M
NB-Iot
Others

By End Use Industry:

Agriculture
Healthcare
Retail
Energy
Automotive & Transportation
Infrastructure
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East & Africa

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Sugar Toppings Market Forecast and Leading Player Analysis to 2032

The global sugar toppings market is set to witness growth at a CAGR of 8.4% and top a valuation of USD 93,988.8 Mn by 2032.

The sugar toppings industry in the United States is stifled by government-imposed restrictions. The European Union is a large producer of beet sugar, especially in northern Europe. Northern France, Italy, UK, and Poland are the highest – performance work countries.

In these areas, the consumption for sugar toppings is growing, as are the supply networks. Because of their diverse production methods and consumer habits, Asian nations generate over 40% of the world’s total sugar.

Sugar toppings are typically used to flavour and enhance baked goods like cakes and sweets. It’s also used to make sweetened products like chewing gums, chocolates, sugary confectionaries, and a range of other items in a variety of sectors.

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Chocolate confectionery accounted for 60% of overall pastry consumption, while sugar confectionary accounts for 40%. This proportion varies from country to people. Confectionery consumption is rising in both countries with rising middle classes, such as Brazil and India, and countries with historic low sugar intake, such as Japan and China.

The biggest sugar producing regions control the worldwide sugar toppings business. Brazil has a significant percentage of the global sugar topping industry, spending USD 2.5 trillion each year for its sugar topping enterprises. Due to demand support systems, domestic marketing allocations, and tariff limits for general sugar, the Sugar Toppings business in the United States is in total chaos. Tariffs are used by the US authorities to keep the local price of brown sugar 90 percent higher than the international market rate, benefiting customers USD 3.6 billion annually.

Usage of sugar confectionery is on the rise all around the world. Candy consumption is especially high amongst children and young people, owing to increased energy demands from sugar. Powdered sugar is becoming extremely prevalent in candies, chocolates, sweets, and cereal bars across the world. Cakes, doughnuts, and pastries, as well as other bakery treats, are famous. As a consequence of increased confectionery consumption, the worldwide sugar glaze toppings market is predicted to rise.

Hyperglycemia, overweight, and diabetes have become increasingly widespread as individuals became more sedentary. Naturally, there is a trend toward consuming low-sugar foods. As a result, demand for sugar-free confectionery has increased, compelling important producers to develop brown sugar as well as sugar-free toppings, thereby extending market prospects.

Key Takeaways from Market Study

The sugar toppings market is expected to expand at CAGRs of 7.1% and 8.6% in America and Europe, respectively, through 2032.
The Dry Sugar Toppings category is forecast to expand at the quickest rate, with a CAGR of 6.8% over the forecast timeframe. Changing lifestyles and rising demand for gifting confectionary goods are also aiding to the Sugar Toppings Market’s growth.
The market’s development is being hampered by price fluctuations in raw materials like as sugar and chocolate, as well as rising health concern. Furthermore, rising obesity and diabetes are stifling the market’s expansion.
Because of the COVID-19 breakout, the production line for sugar toppings was affected, causing a trade lag. But nevertheless, with countries giving possibilities and rising consumer demand for healthy and nutritious food items, the industry is likely to rise significantly.

“Sugar toppings producers will further make a fortune if they focused the bakery industries. Because of the increased consumption of sweet food items throughout the world, the confectionery business might be a potential market for sugar toppings,” says a Future Market Insights analyst.

Competitive Landscape

Monin offered on-trend premium syrups such cookie butter syrup and Hawaiian islands sweetener in April 2016. Sugarcane and natural flavours are used in these. The firm hopes to improve its standing in the speciality beverage market as a result of this.
Torani Sweet Heat Syrup was released by R. Torre & Company in March 2014. Peppers are used in this product to give drinks a spicy taste. It’s great in drinks like mocha lattes, cocktails, lemonades, and milkshakes. The company’s position in the spiced syrups market strengthened as a result of this product introduction.
Kraft Heinz came into an acquisition with Hershey Company in October 2018 and launched Milk Chocolate and Reese’s Peanut Butter Cup milk whip toppings. These new toppings are produced entirely of genuine cream from cows and include no oil, artificial ingredients, or elevated corn syrup.
Rich Products Corporation launched a brand new called Café Whip in August 2016, that is a dairy-free whipped topping created with coconut cream. This category includes bakery cafes, coffee houses, and other foodservice establishments. It also has less fat than sweetened and flavoured heavy whipping cream.

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Segments Covered in Sugar Toppings Market Analysis

Application :

Bakery
Confectionery
Dairy
Ready-to-eat Snacks
Convenience Food
Packaged Food

Type :

Nature :

Organic
Conventional

Region :

North America
Latin America
Europe
Asia
Oceania
MEA

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Powered Surgical Staplers Market is anticipated to rise from USD 4.2 Billion at a CAGR of 7.8%. By 2033 | FMI Study

The global Powered Surgical Staplers Market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2023-2033). This translates to a market value reaching a substantial USD 4.2 billion by 2033, compared to USD 2.0 billion in 2023. Notably, the market is expected to exhibit a healthy 7.1% growth in 2023 alone.

The global market is expected to grow at a significant rate in the coming years, driven by several factors including the increasing prevalence of obesity. The increasing bariatric surgery scene is a strong market growth driver for powered surgical staplers. Recognizing severe obesity as a disease with multiple health consequences, bariatric surgery tries to accomplish significant weight loss, which is often not possible through non-surgical approaches.

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The biological challenges of maintaining weight loss highlight the need for better surgical techniques. Powered surgical staplers provide for precise and secure tissue closure during bariatric procedures, resulting in positive outcomes. As lifestyle therapies produce varied effects, surgical interventions provide a powerful remedy, leading to an increase in the use of powered staplers. Evolving guidelines that include less severe obesity cases, such as BMI 30-35 with comorbidities such as type 2 diabetes, increase demand for these staples in bariatric procedures.

Key Takeaways from the Powered Surgical Staplers Market Study:

By-product, the powered linear stapler segment contributed around US$ 1.2 billion in 2022. Powered linear staplers surpass other options due to accurate tissue manipulation, ergonomic design, increased safety, and greater surgical efficiency.
By application, abdominal surgery contributed around US$ 680.7 million in 2022. Powerful surgical staplers are in high demand because abdominal surgery necessitates accurate and secure tissue closure.
By usage segment, the reusable segment contributed around US$ 1.4 billion in 2022, due to its affordability, sustainability, and rising demand in the healthcare industry for environmentally friendly surgical equipment, the reusable category is successful.
By end user, hospitals contributed around US$ 801.1 million in 2022. Due to the demand for surgical procedures and the use of sophisticated medical facilities, hospitals dominate the market for powered surgical staplers.
By region, North America held the dominant share in the world in 2022 contributing around US$ 639.9 million. North America region dominates the powered surgical staplers market due to advanced healthcare infrastructure and high adoption rates.

Powered Surgical Staplers Market Competition:

Waston Medical and Sirio Pharma Co Ltd are two of the key players leading in the powered surgical staplers market. To gain a larger market share, these companies have been undertaking strategic initiatives such as partnerships with local competitors to gain a larger customer pool and expand their reach.

In December 2021, Waston Medical and Trendlines Join Forces to Develop Chinese/Israeli Medical Devices

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the powered surgical staplers market in its latest study, presenting a historical demand assessment of 2017 to 2022 and projections for 2023 to 2033. The global powered surgical staplers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader

The analysis is based on product (powered linear stapler, and circular stapling system), application (abdominal surgery, gynecology and obstetrics surgeries, pediatric surgery, thoracic surgery, and others), usage (single-use, and reusable), and end-user (hospitals, specialty clinics, ambulatory surgery centers, and others) across seven key regions around the world.

Analysis of the Powered Surgical Staplers Market

About the Author:

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.

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